Market Research Blog – Page 1727 – New Product Development

LegalTech Market Poised for Significant Growth: Projected to Reach $68 Billion by 2034

According to Future Market Insights, the LegalTech market is poised for significant growth, with its size expected to increase from US$ 29.60 billion in 2024 to US$ 68.04 billion by 2034. When it comes to the adoption of LegalTech, a promising 8.7% CAGR is projected to drive the expansion over the next decade, which had seen a CAGR of 7.1% between 2019 and 2023.

The legal technology market is expected to strengthen during the projected period due to the increasing investment in technology to automate and optimize legal procedures, which would boost the productivity and profitability of law firms and simplify operations. Blockchain and artificial intelligence are two technologies in the legal technology sector that are seeing major advancements.

Important players in the LegalTech market are making significant investments in cutting-edge legal technologies to provide their clients with efficient legal services. Legal departments and law companies can now securely record data owing to a growing trend in smart contracts and blockchain technology.

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Cloud adoption is rapidly gaining momentum within the legal sector, fueling the expansion of the LegalTech market. Many legal enterprises have either already integrated or are in the process of integrating cloud-based legal technology solutions. It strengthens the security measures in place to keep information safe from unauthorized access or breaches. It does this by incorporating advanced authentication technologies to safeguard sensitive information.

“Although developed nations have demonstrated potential in the LegalTech market, attention is now turning toward developing countries, including China and Japan, which are positioned to assert dominance in the coming years. These countries have strong economies and technological capabilities. Consequently, they are investing heavily in LegalTech, which gives them the potential to control the sector. Investors and stakeholders are advised to attentively monitor this unfolding narrative to gain a profound understanding and make strategic moves in this industry.” according to the chief analyst at FMI.

Key Takeaways

The United States is set to dominate the LegalTech industry with a projected 6.7% CAGR from 2024 to 2034, driven by innovative advancements and a robust ecosystem fostering legal technology growth.
China’s LegalTech industry is estimated to follow closely, with an estimated 11.7% CAGR through 2034, attributed to its commitment to technological advancement and digital transformation across various sectors, including the legal industry.
The LegalTech market in Germany is likely to show an 8.9% CAGR between 2024 and 2034, influenced by its strong legal framework and emphasis on regulatory compliance.
Japan’s LegalTech industry is projected to develop at a 10.3% CAGR through 2034, propelled by its strong tradition of legal excellence and emphasis on the rule of law.

Key Players’ Strategies for Success in the LegalTech Market

Here are some key strategies that players in the LegalTech industry employ for success:

Continuous innovation in legal technology solutions
Integration of artificial intelligence and machine learning algorithms
A focus on compliance with privacy regulations and data protection
Collaboration with legal professionals for novel product development
Customization of software to meet specific client needs
Providing user-friendly interfaces for ease of adoption
Building strong partnerships with law firms and corporate legal departments
Staying updated on regulatory changes and adapting accordingly
putting money into research and development to make improvements afterward

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Recent Developments

Casepoint unveiled the introduction of Casepoint FOIA in January 2024, to revolutionize how federal agencies handle Freedom of Information Act (FOIA) requests. With the launching of Casepoint FOIA, Casepoint eliminates the need for a traditional FOIA solution with restricted capabilities by combining the power of its AI-powered eDiscovery platform.

AffiniPay introduced AffiniPay IQ, generative AI for the legal technology sector, in August 2023. This Austin-based Fintech pioneer unveiled new capabilities designed specifically to safely integrate AI into attorneys’ regular practices

LegalTech Outlook by Category

By Solution, LegalTech Market is segmented as:

LegalTech Software
Cloud-Based
On-Premises
Services
Integration & Deployment
Consulting
Support & Maintenance

By Type, LegalTech Market is segmented as:

Case Management
Lead Management
Document Management
Contract Lifecycle Management
Billing & Accounting
Others

By End-user, LegalTech Market is segmented as:

Law Firms
Corporate Legal Departments

By Region, LegalTech Market is segmented as:

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

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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.

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Website: https://www.futuremarketinsights.com
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Remote Healthcare Market is expected to be valued USD 59 Billion, growing at a strong CAGR of 20.7% By 2033 | FMI Study

The future of healthcare is looking remote, and a new market analysis report by Future Market Insights (FMI) confirms it. The global Remote Healthcare Market, valued at USD 7.8 Billion in 2023, is projected to surge to a staggering USD 59 Billion by 2033, experiencing a robust Compound Annual Growth Rate (CAGR) of 20.7%. This significant growth highlights the increasing adoption of telemedicine and other remote healthcare solutions.

The onset of COVID-19 encouraged the usage of remote healthcare technology among both patients and service providers. During the pandemic, many people used real-time virtual health systems to avoid visiting hospitals.

Due to the pandemic, telehealth platforms that provide real-time virtual health care, such as American Well, witnessed a 1000% spike in visitors. Furthermore, between March 2019 and March 2020, the number of telehealth claim lines in the United States surged by 4000%. The market is expected to develop due to the usage of real-time virtual health services such as audio, video, and chat boxes.

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Many healthcare facilities across the world are implementing tele-ICUs to relieve pressure on clinicians. In Maharashtra, India, for example, a new tele-ICU service was launched in August 2020. Furthermore, Sheba Medical Center and Ichilov Hospital in Israel started AI-based tele-ICUs for COVID-19 patients in March 2020.

Remote Healthcare Market Competitive Analysis

To grow their product range and regional presence, key competitors in the market are pursuing different tactics such as partnerships, collaborations, mergers & acquisitions, and product development. The key companies operating in the remote healthcare market include Advanced ICU Care, BioTelemetry, Koninklijke Philips, Teladoc Health, Vivify Health, AirStrip Technologies, Medtronic, InTouch Technologies, American Well, and Resideo Life Care Solutions.

Some of the recent developments of key Remote Healthcare providers are as follows:

In May 2021, MediTelecare, a telehealth technology provider launched MediTely, a direct-to-consumer (D2C) mobile telehealth technology for the geriatric population.
In March 2021, Dozee, a healthcare firm, introduced Dozee Pro, a remote patient monitoring platform for hospitals. The Dozee Pro uses an artificial intelligence-powered triaging system to keep track of patients outside of the ICU.
In February 2021, Phillips acquired BioTelemetry, Inc., a provider of remote cardiac monitoring devices and services to expand its patient care management segment product portfolio.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Remote Healthcare market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights by Service (Real Time Virtual Health, Remote patient Monitoring, Tele-ICU), by End-User (Payer, Provider, Patient and Employer Groups and Government Organizations) and across key regions (North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa).

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Segments Covered in Remote Healthcare Market Analysis

By Service:

Real-Time Virtual Health
- Video Communication
- Audio Communication
- Email/Chat box
Remote Patient Monitoring
Tele-ICU

By End-user:

Payer
Provider
Patient
Employer Groups & Government Organizations

About Future Market Insights (FMI)

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

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Revolutionizing Realism: Motion Simulation Market Set to Soar at 10.8% CAGR, Surpassing US$ 56.75 Billion by 2032

The motion simulation market is anticipated to expand at a compound annual growth rate (CAGR) of 10.8% during the forecast period. It is anticipated that the market would be valued US$ 56750 million in 2032 and US$ 20400 million in 2022. The motion simulation market will expand during the projected period as a result of new regulations, increased defence R&D spending by developed and emerging countries, and a general use of cloud-based simulation software.

Motion simulation, often known as rigid body dynamics, offers answers for the complexity of mechanical goods. Generally speaking, motion simulation provides quantitative information on the dynamics of a moving device, including inertial forces, joint reactions, and power needs, as well as the kinematics, which include velocity, position, and acceleration.

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Additionally, results of the motion simulation can be obtained virtually through CAD assembly model and transferred directly to motion simulation program. Motion Simulation systems are used in various applications, such as defense, aerospace, automotive, mining, healthcare and entertainment

Global Motion Simulation Market: Drivers

Changing regulatory framework in the aviation industry, global adaptation to simulation-based training program across government and private organizations in the aviation industry and expanding demand for modeling and simulation technologies from automotive sector are the factors identified as the key growth drivers of the global motion simulation market during the forecast period.

Growing trend of using motion simulation as cost effective solution in aerospace community, adoption to full-flight simulation modules by aviation training industry and continuous focus on commercializing autonomous vehicle technology in emerging economies, further accelerates the growth of global motion simulation market. Transformation of human motion simulation from the laboratory to the commercial market,

significant development of motion simulation technology in healthcare applications are also expected to fuel the growth of global motion simulation market during the forecast period. However, lack of simulator fidelity and feasibility are identified as the key restraints hindering the growth global motion simulation market during the forecast period.

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Global Motion Simulation Market: Segmentation

Global Motion Simulation Market is segmented on the basis of end user, technology, type, degree of freedom (DOF) and region.

On the basis of end user, the global motion simulation market can be segmented into defense, automotive, entertainment, mining and healthcare. On the basis of technology, the global motion simulation market can be segmented into, hydraulic, electric and pneumatic. By type, the global motion simulation market can be segmented into Hardware and software. On the basis of degree of freedom (DOF), the global motion simulation market can be segmented into two degree of freedom (DOF), three degree of freedom (DOF), and six degree of freedom (DOF).

Regionally, Global Motion Simulation Market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. Among all end user segment, defense segment is identified as the attractive market during the forecast period, due to continuous focus on implementing aircraft and military vehicle simulation technology, to reduce cost and to ensure safety & security.

Global Motion Simulation Market: Regional Outlook
Global motion simulation market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific. Asia pacific market is anticipated to be the fastest growing region in motion simulation market, due to dynamic growth of economies, increasing military capabilities, rising demand for air transportation and modernizing industrial capabilities. However, the North America region is expected to dominate the motion simulation market during the forecast period.

Global Motion Simulation Market: Competition Landscape

The key vendors in the global motion simulation market, include Bosch Rexroth AG, Siemens Industry Software B.V, CAE Inc. Dassault Systèmes, Laerdal Medical., Moog Inc., Gaumard Scientific, and Cubic Corporation. Actuations collaborations with other players in simulation market to expand the product portfolio, is the strategy followed by major market vendors to gain competitive edge.

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Key Segments in the Motion Simulation Market

By End User:

Defence
Automotive
Entertainment
Mining
Healthcare

By Technology:

Hydraulic
Electric
Pneumatic

By Type:

Hardware
Software

By Degree of Freedom (DOF):

Two Degree of Freedom
Three Degree of Freedom
Six Degree of Freedom

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Serverless Apps Market Projected to Skyrocket from $9.7 Billion in 2022 to $80 Billion by 2032

In 2022, it is predicted that the serverless apps market would generate US$ 9,745.2 Million in sales. The serverless apps market is anticipated to develop at a CAGR of 23.4% from 2022 to 2032, reaching US$ 80,005.3 Million.

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What is Driving Demand for Serverless Apps?

Serverless apps market is majorly driven by rapid app development, move from DevOps to serverless computing, and increasing need to eradicate management of servers. Moreover, benefits such improved scalability and cost-efficiency of serverless apps are positively impacting the market growth.

Also, continuous rise in the adoption of cloud technologies and the development of serverless computing in increasing IoT landscape are anticipated to give lucrative opportunities for the global market.

By adopting serverless apps, organizations can efficiently eliminate expensive traditional and time-consuming approaches. It helps in shifting the responsibility of managing servers, application logic, and databases, which eliminates set-up and maintenance costs.

BFSI is Expected to Hold the Largest Share of the Serverless Apps Market by End-User

On the basis of end-user, the market for serverless apps is segmented into BFSI, government & public, healthcare & life sciences, manufacturing, media & entertainment, retail & ecommerce, telecom & IT, and others. The banking, financial services, and insurance (BFSI) segment dominated the market in 2020 and is expected to grow with the same pace during the forecast period.

Major companies in the BFSI vertical have a substantial user base, deployment of serverless apps has allowed enterprises in auto-scaling to highly variable or an unpredictable demand and resulted in benefitting by handling a variety of functions.

This further helps in optimizing the bank workflow, offers quick responses, and upsurges customer satisfaction. As banks focus on enhancing the customer services by innovative technologies, serverless apps has reduced developer’s operational burden and improved performance and overall productivity.

North America Serverless Apps Demand Outlook

North America is one of the largest markets for serverless apps across the globe. The growth is majorly attributed to the presence of the major players in the region. U.S. is the major contributor to the regional market. It has further strengthened the market with industries such as manufacturing, BFSI, retail, healthcare, boosting of a large user base.

Enterprises are continuously innovating and adopting new technologies and delivering to new features to stay competitive in the market. Additionally, North America happens to be the most rapidly changing and competitive market across the globe. Also, the region is also anticipated to adopt new technologies at a faster pace as compared to other countries across the globe.

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Asia Pacific Demand Outlook for Sever less Apps

Asia Pacific is accounted the highest CAGR and is anticipated to grow with the same pace in the upcoming years. Traditional IT infrastructure in the industries like retail, manufacturing, and BFSI are gradually shifting toward automation, which is positively influencing the market growth.

With the adoption of new cloud-based technologies, serverless apps is composed to witness substantial growth during the forecast period. Also, growing investments in digital transformation to eliminate the operational costs is predicted to be a major factor driving the market in Asia Pacific.

Who are the Key Manufacturers and Suppliers of Sever less Apps?

Some of the leading players of sever less apps market are

-Amazon Web Services Inc.
-CA Technologies
-Alibaba Cloud
-Dynatrace
-Galactic Fog IP Inc.
-Fiorano Software Inc.
-Google LLC
-Joyent Inc.
-IBM Corporation
-Microsoft Corporation
-Twistlock.
-Key Segments

By Services:

Automation & Integration
API Management
Monitoring
Security
Support and Maintenance
Training and Consulting
Others

By Enterprise Size:

Large Enterprise
SME

By End-User:

BFSI
Government & Public
Healthcare & Life Sciences
Manufacturing
Media & Entertainment
Retail & Ecommerce
Telecom & IT
Others

By Region:

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

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Chronic Obstructive Pulmonary Disease Market is expected to increase at a 4.4% CAGR and reach USD 33.19 Billion By 2032 | FMI

The global market for Chronic Obstructive Pulmonary Disease Market is expected to reach USD 21.58 billion in 2023. While this signifies a significant market, it also highlights a growing public health concern. The market is further projected to grow at a CAGR of 4.4% between 2023 and 2033, reaching an estimated USD 33.19 billion by 2033. However, this growth is driven by a concerning factor: increasing alcohol consumption among the population.

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Additionally, the World Health Organization (WHO) states that the most common cause of COPD is exposure to tobacco smoke both via first hand as well as second-hand smoking. This global increase in the prevalence of COPD is a major factor fueling the growth of the COPD market in the forthcoming years. In addition, the rise in consumption of tobacco among millennials, coupled with the rise in the awareness among population, regarding the use of generic drug are projected to contribute to the revenue share of the chronic obstructive pulmonary disease market shortly.

According to the Centre for Disease Control and Prevention (CDCP), the cost related to COPD in the US were 32.1 $ billion in 2010, and rose to 49 billion by 2020. Hence, the continual growth witnessed in the cases of COPD among population worldwide is a major factor that will intensify the growth of the COPD market over the forecast period.

Key Takeaways from the Chronic Obstructive Pulmonary Disease Market Study

The global Chronic Obstructive Pulmonary Disease (COPD) Market was valued at US$ 20.67 Billion by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
By Type, the Chronic Bronchitis segment of the market constitutes the bulk of the market with a market share of 43%
By Distribution Channel, the Retail Pharmacies segment dominates the market with a share of 42%
From 2023 to 2033, Chronic Obstructive Pulmonary Disease (COPD) sales are expected to flourish at a CAGR of 4.4%.
By 2033, the market value of Chronic Obstructive Pulmonary Disease (COPD) is expected to reach US$ 33.19 Billion.

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The continual increase in cases of COPD globally, coupled with rising cases of tobacco consumers are the major factors escalating the growth of the Chronic Obstructive Pulmonary Disease (COPD) market shortly, remarks an FMI analyst.

Chronic Obstructive Pulmonary Disease Market Competitive Landscape

Prominent players in the Chronic Obstructive Pulmonary Disease (COPD) market are Almirall, AstraZeneca, Boehringer Ingelheim International GmbH, CHIESI Farmaceutici S.p.A., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Kyowa Hakko Kirin, Mylan N.V., Novartis AG, Orion Corporation, Sanofi, Sunovion Pharmaceuticals, Inc. (Sumitomo Dainippon Pharma Co., Ltd.), Teva Pharmaceutical Industries Ltd., Theravance Biopharma, and Verona Pharmaceuticals, among others.

Chronic Obstructive Pulmonary Disease Market Recent Developments:

In June 2022, Verona Pharma, a pharmaceutical company, announced the completion of the patient enrolment, with more than 800 subjects involved for its randomized ENHANCE-1 trial. The study will evaluate ensifentrine for the maintenance treatment of chronic obstructive pulmonary disease. It is a critical step for the phase III ENHANCE trial with top-line data expected by the end of the year 2022 and further data from ENHANCE-2 in the third quarter of 2022.
In May 2022, Alembic Pharmaceuticals Ltd, a pharmaceutical company, received final approval from the US health regulator for its generic version of Arformoterol Tartrate inhalation solution indicated for long-term treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease. The approval by the U.S. Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) for Arformoterol Tartrate inhalation solution is for a strength of 15 mcg (base)/2 mL unit-dose vial.

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Know More About What the Chronic Obstructive Pulmonary Disease Market Report Covers

Future Market Insights offers an unbiased analysis of the global Chronic Obstructive Pulmonary Disease (COPD) Market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033. To understand opportunities in the Chronic Obstructive Pulmonary Disease (COPD) Market, the market is segmented based on drug class, type, and distribution channel, across five major regions.

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Global SLD Market Thrives with Impressive $69.9 Billion Sales in 2022, Poised for 5.8% Growth till 2032

According to a recent Future Market Insights analysis, the SLD Market is estimated to grow at a CAGR of 5.8% between 2022 and 2032, with sales forecast at $69.9 billion in 2021. By the end of 2032, the market is expected to be worth $131.6 billion, up from $69.9 billion in 2022. Between 2022 and 2032, the analog-based SLD Market is estimated to increase at a compound yearly growth rate of US$5.2%.

The electronic component business has grown significantly in recent years as a result of its growing application areas. Consumer electronics products such as DVD players, televisions, and mobile phones, as well as workplace automation equipment such as computers and printers, have all contributed significantly to this expansion.

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This rapid expansion has prompted many firms in such industries to establish new manufacturing facilities and increase production capacity in recent years. Furthermore, continuous technological improvements are likely to broaden the functionalities of standard logic devices (SLD), propelling the global standard logic devices market forward during the projected timeframe.

Standard logic devices & packaging have emerged as critical frameworks for facilitating the creation of extended lifetime goods and supporting the large lead times experienced by manufacturers in general. New alliances and partnerships have emerged throughout the years to fulfil the growing need for standard logic devices across semiconductor makers.

A variety of conventional 5400/7400 logic family types are in high demand, supporting the market for standard logic devices. The growing adoption of integrated circuits (ICs) can be attributed to advantages such as ease of use and quick availability. However, the sophisticated functionality of items throughout the standard logic devices (SLD) industry must be improved. The fixed functionality of ordinary logic devices makes complex features difficult to implement. Several chips must also be placed on the printed circuit board. The goods are available off the shelf.

“During the projected period, the rise of Standard Transceiver Type can become a key driver in raising the SLD market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

Numerous companies are emphasizing organic growth techniques such as new releases, product approvals, and others such as copyrights and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. Some of the recent market developments include:

In July 2021, Nexperia unveiled the world’s thinnest as well as tiniest standard logic DHXQFN module with 14, 16, 20, & 24 pin variations. The 16-Pin DHXQFN Package is 45% smaller than that of the market-standard DQFN16 leadless device, and it saves 25% of PCB area, allowing devices to also be placed nearer to the bypass capacitor.
In January 2020, Toshiba announced the release of a Logic Output Photocoupler of 10Mbps specifically for PLCs. The new TLP2363 consumes only 4mA of power and operates across a wide range of temperatures from -40 to +105°C. It is suitable for high-speed systems due to its low propagation latency of about 80ns.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the SLD Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in SLD Market in terms of SLD Market by Gate IC Type (OR , AND, Universal Gates (NAND and NOR), EXOR, EXNOR), Buffer/Driver type Industry (Inverting, Non-inverting), Transceiver Type (Standard, Parity, Registered), Flip-Flop/Latches Type (SR flip flop, D flip flop, JK flip flop, T flip flop), Switches and Multiplexer Type (Analog , Buffered , Protocol Specific), Registers Type (Storage Registers, Shift Registers),and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

Market Segments Covered in SLD Market Analysis

By Gate IC Type:

OR
AND
Universal Gates (NAND and NOR)
EXOR
EXNOR

By Buffer/Driver type Industry:

Inverting
Non-inverting

By Transceiver Type:

Standard
Parity
Registered

By Flip-Flop/Latches Type:

SR flip flop
D flip flop
JK flip flop
T flip flop

By Switches and Multiplexer Type:

Analog
Buffered
Protocol Specific

By Registers Type:

Storage Registers
Shift Registers

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Swine Vaccine Market is expected to grow at a steady 6.1% CAGR and reach a milestone valuation of USD 112 Million by 2032 | FMI

The global Swine Vaccine Market is on track to reach a significant milestone, according to a recent report by Future Market Insights (FMI). By 2032, the market is projected to reach a substantial valuation of USD 112 million. This translates to a steady Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032, representing a substantial absolute dollar opportunity of USD 48 million.

The COVID-19 pandemic is predicted to have impacted the business operations of prominent swine vaccine players adversely. Impact of the pandemic, with its supply chain disruptions and bottlenecks, delayed the delivery of required raw materials or active parts and postponed certain study and development activities. At the same time, simultaneous outbreaks of African swine fever in numerous regions put pressure on swine vaccine manufacturers to meet the escalating demand in an uncertain economic environment.

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There is also growing global concern about antimicrobial resistance in agriculture and veterinary medicine. For instance, in January 2022, the European Union (EU) banned the use of antibiotics in animal husbandry, and the ban was extended to cover preventive treatments as well.

This law forced pig farms to adopt non-antibiotic approaches to disease prevention, such as vaccination. In the next ten years, this regulation is likely to prove beneficial for the expansion of the European swine vaccine market. Increasing investment by prominent players to propel advanced goods for better diagnostics is also expected to boost both demand and sales between 2022 and 2032.

Key Takeaways from the Swine Vaccine Market

A US$ 112 million valuation is anticipated for the United Kingdom swine vaccine market in 2032.
The European swine vaccine market is accelerating primarily due to government initiatives aimed at preventing a repeat of the 2009 swine flu pandemic.
In 2021, the value of the global swine vaccine market was estimated to be around US$ 1.5 billion.
Between 2022 and 2032, FMI expects a steady 8% CAGR to accelerate the global market.
Demand for swine vaccines is also increasing in the agriculture industry due to the EU’s ban on antibiotic use in animal husbandry, which came into effect in January 2022.

“Players in swine vaccine market are well aware of various governments’ intentions of avoiding a repeat of the 2009 swine flu pandemic. As a result, they are monitoring the evolution of swine influenza virus variants and making changes to their vaccines to keep the European population safe,” says an analyst at Future Market Insights.

Competition Landscape in the Swine Vaccine Market

Prominent players in the European swine vaccine market are implementing numerous strategic initiatives such as acquisitions, partnerships, mergers, and new product launches to gain a competitive edge in the market. Research & development efforts are at the core of these players’ activities as they continue to track the evolution of the swine influenza virus.

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Merck Animal Health, Ceva, Zoetis, and Boehringer Ingelheim GmbH are a few of Europe’s key players in the Global Swine Vaccine Industry.

Recent Developments in the Swine Vaccine Market

In May 2022, Boehringer Ingelheim GmbH announced the launch of TwistPak, a platform for swine producers that can be used for combining the Ingelvac MycoFLEX and CircoFLEX vaccines conveniently, flexibly, and rapidly.

Segments Covered in Swine Vaccine Market Analysis

By Type:

Swine Influenza
Classical Swine Fever
Porcine Parvovirus
Porcine Circovirus Type 2
Hyo
Actinobacillus Pleuropneumonia
PRRS
Foot & Mouth Disease
Pseudorabies
PEDV
Other Types

By Product:

Attenuated Live Vaccines
Inactivated Vaccines
Subunit Vaccines
DNA Vaccines
Recombinant Vaccines

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 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.

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Suite 401, Newark, Delaware – 19713, USA
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Surgical Retractors Market is anticipated to rise at an 8% CAGR to reach USD 4.1 Billion by 2032 | FMI Study

The landscape of surgical procedures is getting a boost with the advancement of the Surgical Retractors Market. This essential equipment is poised for significant growth, driven by the rising demand for minimally invasive and complex surgeries. According to a recent analysis by Future Market Insights (FMI), the Surgical Retractor Market is anticipated to experience a stellar Compound Annual Growth Rate (CAGR) of 8% from 2021 to 2032. This translates to a remarkable market expansion, with the value expected to climb from an estimated USD 1.8 billion in 2021 to a staggering USD 4.1 billion by 2032.

A rising focus on neurology applications is likely to increase demand for improved surgical retractors since neurosurgical operations play a crucial role in treating a range of neurological illnesses. The World Federation of Neurology reports that around 12% of all neurology patients pass away from these illnesses each year. This information is clarified in the study. This concerning figure highlights how urgent it is to improve surgical methods and tools to improve patient outcomes.

Surgery is the single and primary form of treatment for neurological conditions. The increase in neurological surgeries and the high demand for surgical retractors manufactured especially for these procedures are the main reasons why the neurosurgery segment dominates the market for surgical retractors.

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The United States will hold the largest share of the market throughout the Analysis Period

From 2022 to 2032, the Surgical Retractors Market is estimated to develop at a CAGR of 8.9% in the United States; taking the market to US$ 1.1 Bn by 2032. From 4% of GDP in the 1960s to 19.7% in 2020, the US’s healthcare costs have grown significantly.

Chronic renal illness affects 15% of Americans, according to the Centers for Disease Control and Prevention. The rising prevalence of chronic diseases is therefore predicted to increase the need for surgical intervention, raising demand for surgical retractors and generating an absolute dollar growth potential of US$ 663 Mn.

Surgical Retractors Market: Competition Insights

The key companies operating in the Surgical Retractors Market include Baxter International Inc., B. Braun Melsungen AG, The Cooper Companies, Inc., Terumo Corporation, Teleflex Incorporated, Medtronic Plc., Medline Industries INC., Johnson & Johnson, NOVO NORDISK, Integra Lifesciences Holdings Corporation, HENKE-SASS WOLF, Henry Schein, Inc., Dickinson and Company, Conmed Corporation, SKLAR Surgical Instruments., Teleflex Incorporated., Olympus Corporation, Thompson Surgical, Arthrex, Inc., Microsurgical Technology, STRYKER CORPORATION, GLOBUS MEDICAL, Applied Medical Resources Corporation, Innomed, Inc., LiNA Medical ApS, Vivo Surgical Private Limited, and Changzhou Haiers Medical Devices Co. Ltd.

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Some of the recent developments by key providers of the Surgical Retractors Market are as follows:

In April 2021, to connect its StealthStation S8 surgical navigation system with Surgical Theater’s SyncAR augmented reality (AR) technology, Medtronic plc established a cooperation with the company. Through this partnership, neurosurgeons will be able to use augmented reality (AR) technology in real time to improve visualization during challenging cranial surgeries.
In March 2020, a collaboration between JUNE MEDICAL and Vivo Surgical was established that led to the Galaxy II LUX self-retaining ring retractor with light. The Galaxy II retractor offered by June Medical and the KLARO light provided by Vivo Surgical, which has a specially made clip for it, are combined to create this gadget. By giving surgeons better access to and a clearer vision of the surgical site, this retractor has the advantage of removing the drawbacks of employing overhead lighting or personal head torches.
In May 2019, ONETRAC LX, a newly created single-use cordless surgical retractor that is outfitted with a multi-LED light source and dual smoke evacuation channels, was introduced by OBP, one of the top makers of self-contained and single-use medical devices. The newly created surgical retractor provides operating surgeons and nurses with the best possible smoke clearance capabilities.

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Key Segments Covered in Surgical Retractors Market Survey

By Application:

Handheld
Self-retaining

By Product Type:

Abdominal retractor
Finger retractor
Nerve Retractor
Orthopedic Retractor
Rectal Retractor
Thoracic retractor
Ribbon retractor
Other Product Types

By Application Size:

Neurosurgery
Wound closure
Reconstructive surgery
Cardiovascular
Orthopedic
Obstetrics and Gynecology (Ob/Gyn)
Other Applications

By End-use:

Hospitals
Ambulatory Surgical Centers
Clinics

Author

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.

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Inflammatory Bowel Disease Treatment Market is expected to be valued at an astounding USD 35.1 Billion By 2032, at a CAGR of 5.7% | FMI

There’s positive news for those living with Inflammatory Bowel Disease (IBD). The global Inflammatory Bowel Disease Treatment Market is projected for significant growth, with a market value expected to reach USD 35.1 billion by 2032. This represents a Compound Annual Growth Rate (CAGR) of 5.7% from 2022, reflecting an increased focus on managing this chronic condition.

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis of the Inflammatory Bowel Disease Treatment market.

FMI offers insights into the market data on over 5000+ drugs from more than 100 countries, which further aids the research on current and upcoming market scenarios for the Inflammatory Bowel Disease Treatment market. Our expert researchers and analysts for healthcare track the data of established players as well as new entrants in the medical industry to provide an unbiased analysis for a sound and financial decision.

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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Inflammatory Bowel Disease Treatment market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Inflammatory Bowel Disease Treatment market.

With our extensive research and information about the past, current and future market scenario, the Inflammatory Bowel Disease Treatment market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Inflammatory Bowel Disease Treatment Market: Segmentation

By Region

North America
Europe
APAC
MEA
Latin America

Detailed analysis on the geographical region and country wise insights are offered in the latest Inflammatory Bowel Disease Treatment market report with established market players as well as incumbents in the region.

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Key Segments Covered in Inflammatory Bowel Disease Treatment Market Survey

by Type:

Crohn’s Disease
Ulcerative Colitis

by Drug Case:

Amino salicylates
Corticosteroids
TNF inhibitors
IL inhibitors
Anti-integrin
JAK inhibitors
Other Drug Classes

by Route of Administration:

Oral
Injectable

by Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

The key companies operating in the Inflammatory Bowel Disease Treatment Market are AbbVie Inc., Biogen, Johnson & Johnson Services, Inc., Amgen Inc., UCB S.A., Novartis AG, Takeda Pharmaceutical Company Limited, Merck & Co., Inc., Pfizer Inc., and Eli Lilly.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Inflammatory Bowel Disease Treatment market.

Author By:

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 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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Bot Services Market to Witness Robust Growth, Projected to Reach New Heights by 2032

The global bot services sector is now valued at US$ 1.6 billion, with a compound annual growth rate (CAGR) of 27.1% expected to drive the market to US$ 18 billion by 2032.

Chatbots are becoming increasingly popular in the BFSI and e-commerce businesses. Businesses utilize chatbots for both customer service and internal operations. Growing demand for feature phones, along with the adoption of cutting-edge NLP and AI technologies, is one of the drivers driving the bot services industry. The world has changed dramatically as a result of urbanization and digitization, with bot services playing an important role. Additionally, attempts are being made to standardize the ecosystem internationally.

Various service companies did turn into bots during the pandemic, so as to help the clientele resolve issues without any propagation delay. The healthcare industry did see a spike in the sales of chatbots during the pandemic era. Several public healthcare and commercial websites made use of chatbots for diagnosing isolated patients and getting basic healthcare assessment done. On these grounds, the WHO, in April 2020, came up with chatbots on Fb messenger for providing precise information about Covid-19. Future Market Insights has walked through these facts with probable calls to action in its latest market study entitled ‘Bot Services Market’

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Key Takeaways from Bot Services Market

North America holds the largest market share due to the US being home to hordes of IT companies.
Europe is at the matured stage in bot services market and expected to show this consistency in the upcoming period.
The Asia-Pacific, led by India, Japan, and China, is expected to be the fastest growing region in bot services market in the near future.

Competitive Landscape

Microsoft Corporation, in January 2021, did announce transitioning Microsoft healthcare Bot Service to ‘Azure’ to enable customers to take an advantage of the latter’s improved tools, compliance, and security features.
Poynter Institute’s IFCN (International Fact-Checking Network), in May 2020, came up with Whatsapp-enabled chatbots for providing access to translated network comprising over 80 fact-checking organizations across the globe.
Alvaria, in June 2022, put forth its very first native product called ‘Alvaria CX Suite’, which comes across as combination of Noble Contact Center and Unified IP/Advanced List Management from Aspect. CX suite has been rounded out with self-service, omnichannel, fraud detection capabilities, and compliant outreach.
Meta, in February 2022, launched the latest innovation regarding Universal Speech Translator, wherein it would be extending support to languages sans standard writing system (both – spoken and written).
Baidu, in November 2021, tabled PLATO-XL. It’s an AI model meant for dialogue generation. At present, it does outperform existing commercial chatbots on several conversational benchmarks, thereby showing exceptional performance.
Mindsay, in April 2021, used Genesys App Foundry for publishing AI chatbots. The agents are likely to quickly leave and engage in conversations with the customers through chatbot interface by integration of Mindsay chatbots with Genesys Cloud, that too, day in day out.
Yellow Messengers, an AI chat bot firm, did receive US$ 20 Mn in April 2020 from an investor for fulfiling the growing need of the market.

“With internet penetration witnessing an exponentiation, the global bot services market is likely to grow inadvertently in the forecast period”, says an analyst from Future Market Insights.

What are the inclusions of Bot Services Market Report?

Future Market Insights offers an exclusive perspective and various real-time insights on the bot services market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on service (platform and framework), by mode of channel (website, contact centers, social media, and mobile applications), by business function (sales & marketing, human resource, finance, supply chain & logistics, and IT), by application (customer engagement & retention, workforce management, agent performance management, content management, appointment scheduling, employee on-boarding, and others), by deployment mode (on-premises and cloud), by organization size (SMEs and large enterprises), and by vertical (BFSI, retail & e-Commerce, healthcare & life sciences, media & entertainment, travel & hospitality, IT telecom, government, and other verticals).
Bots let users add various intelligent agents communicating without investment of money and time in incorporating AI of their own.

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Bot Services Market Segmentation

By Service:

Framework
Platform

By Mode of Channel:

Website
Contact Centers
Social Media
Mobile Applications

By Business Function:

Sales & Marketing
Human Resource (HR)
Finance
Supply Chain & Logistics
Information Technology (IT)

By Application:

Customer Engagement & Retention
Workforce Management
Agent Performance Management
Content Management
Appointment Scheduling
Employee On boarding
Other Applications

By Deployment Mode:

On-premises
Cloud

Organization Size:

Large Enterprises
SMEs

Verticals:

BFSI
Retail & e-commerce
Healthcare & Life Sciences
Media & Entertainment
Travel & Hospitality
IT & Telecom
Government
Other Verticals

By Region:

North America
Latin America
Europe
APAC
MEA

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