Market Research Blog – Page 1802 – New Product Development

Blackout Boom: Blackout Fabric Market Poised for 6.6% CAGR by 2033 | FMI Reports

The blackout fabric market is predicted to be valued at US$ 10 billion in 2023 and US$ 19 billion by 2033. Over the projection period, sales in the blackout fabric market are expected to increase at a CAGR of 6.6%. A significant opportunity lies in the growing demand for energy-efficient solutions.

Shading fabrics, apparently blackout type of all types block light and contribute to economy by the need for heating or cooling. In line with the greater concern on issues of sustainability and energy preservation, an increasing number people will embrace blackout fabrics.

An area in which the industrial field has a real opportunity to address is good incorporating smart systems into blackout products. These involve such features as placing automatic controls, remote control and connectivity within smart home. Certainly, such innovations can improve interest rates and usability which will be a motive for technology-literate buyers looking for smart control of the light.

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The market is also witnessing a trend towards customization and personalization. Consumers are increasingly seeking blackout fabrics that align with their specific design preferences and requirements. This trend opens up avenues for manufacturers to offer a wide range of fabric patterns, textures, and colors, allowing customers to create personalized living spaces.

The market is witnessing a shift towards sustainable and eco-friendly materials. Manufacturers are exploring the use of recycled fibers, organic materials, and environmentally friendly production processes to cater to the rising demand for sustainable blackout fabric options. Advancements in digital printing technologies are enabling high-resolution and intricate designs on blackout fabrics. This trend offers opportunities for unique and visually appealing blackout fabric solutions, catering to the preferences of interior designers, architects, and consumers seeking distinctive window treatments.

Key Takeaways from the Blackout Fabric Market:

In 2023, North America is expected to account for a market share exceeding 33% with regard to blackout fabric sales.
From 2023 to 2033, the Asia Pacific blackout fabric market is expected to grow at a CAGR of 8.3%.
As per Future Market Insights, In terms of revenue, the 2-3 ply segments is expected to hold the largest market share in 2023, accounting for 57%.
As per FMI, the photography laboratories are presumed to make maximum use of blackout fabrics, growing at a CAGR of 6.7% from 2023 to 2033.

How Key Players are Revolutionizing the Manufacturing of Blackout Fabric Market?

Key players in the blackout fabric market are revolutionizing the manufacturing process through innovative techniques and technologies. They are investing in advanced machinery and equipment to improve production efficiency and ensure consistent quality.

These players are also focusing on research and development to enhance the performance of blackout fabrics, making them more durable, lightweight, and eco-friendly. They are adopting sustainable manufacturing practices, such as using recycled materials and reducing waste generation. Key players are actively collaborating with designers and architects to develop custom solutions and expand the application areas of blackout fabrics, driving innovation in the industry.

Key Players in the Market:

UNITEC Textile Decoration Co., Ltd.
Etremonde Polycoaters Limited
Indiana Coated Fabrics
Hunter Douglas
Dunmore
Herculite
W. Greenhalgh & Company Limited
Sotexpro
Bandalux
Création Baumann

Product Portfolio

UNITEC Textile Decoration Co. Ltd offers a comprehensive product portfolio in the textile industry. Their offerings include a wide range of high-quality fabrics, textile decorations, and customized solutions for various applications, including apparel, home textiles, and industrial textiles. They strive to meet customer demands with innovative and sustainable textile solutions.
Indiana Coated Fabrics Inc specializes in providing a diverse product portfolio of coated fabrics. Their offerings include a wide range of specialty fabrics designed for various industries, including automotive, marine, healthcare, and industrial applications. They focus on delivering durable, high-performance coated fabrics that meet the specific requirements of their customers.

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More Insights Available

Future Market Insights offers an unbiased analysis of the blackout fabric market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the blackout fabric market, the report is segmented on the basis of Ply (Up to 1 ply, to 3 ply and 4 ply), End-Use (Industrial, Schools and Colleges, Photography Laboratories and Hotels and Restaurants), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Key Segments Profiled in the Blackout Fabric Industry Analysis

By End Use:

Industrial Use
Schools and Colleges
Photography Laboratories
Hotels & Restaurants
Others

By Thickness:

Up to 1 Ply
2-3 Ply
Above 3 Ply

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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 ~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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Smoking Accessories Market Set to Reach a Consistent Valuation of US$ 103,334.3 Million by 2033

Beginning from a base value of US$ 68,313.4 million in 2023, the smoking accessories market is on the brink of steady expansion, with a projected CAGR of 4.2% over the forecasted period. By 2033, the market is expected to reach a consistent valuation of US$ 103,334.3 million.

The market is poised for growth due to the increasing trend of introducing innovative products to attract a larger customer base, along with the rising global popularity of vaping. Leading manufacturers worldwide are introducing a diverse range of items including pipes, lighters, ashtrays, cigarette cases, and vaporizers to cater to consumer preferences. Vaporizers and smoking water pipes, in particular, enhance the smoking experience, generating more smoke compared to other smoking accessories, thus driving market expansion.

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The creation of a range of tobacco flavors and their expanding popularity among customers of all ages when partying or chilling are driving the market growth and profitability for smoking accessory manufacturers. Demand for flavors like sweet, fruity, chocolatey, and spicy is increasing considerably. Younger people like sweet tastes, which boosts the attractiveness of water pipe smoking. The easy availability of water pipe products through both online and offline sales channels has also contributed to the smoking accessories market growth.

Online shopping platforms primarily influence the smoking accessories market. Many manufacturers of smoking accessories already have their own online shops where customers can obtain information about new product launches, features, demos, prices, and other necessary product details. Given the prevalence of numerous product alternatives and price comparison tools on online shopping websites, more customers are engaging in online shopping. Due to the lack of investment in physical shops, this is advantageous for merchants.

The market is expanding due to the rising smoking culture among young people and the rising number of smoking bars and cafés in various towns and cities. The growing accessibility of flavored water pipes has boosted the demand for smoking accessories. The erroneous belief that tobacco through a waterpipe is healthier than smoking cigarettes has also raised demand for smoking accessories.

Even though the United States and Canada remain powerhouses in the smoking accessories market, the United Kingdom and China are at the forefront of technological innovation in smoking accessories. The demand for smart and customizable devices is likely to present significant opportunities through 2033.

Key Takeaways from the Smoking Accessories Market

In 2022, the global smoking accessories market size stood at US$ 66,814.5 million.
Canada’s smoking accessories industry is estimated to lead with a projected 8.2% CAGR from 2023 to 2033. This is driven by the growing acceptance and legalization of recreational cannabis use across various provinces.
The United States smoking accessories industry is projected to follow closely with an estimated 6.9% CAGR through 2033. This can be attributed to the evolving consumer preferences towards more sophisticated and specialized smoking accessories.
The United Kingdom’s smoking accessories industry is likely to show a 6.3% CAGR between 2023 and 2033. This growth is influenced by a burgeoning market for innovative and stylish smoking accessories.
China’s smoking accessories industry is projected to develop at a 4.8% CAGR through 2033. This development is propelled by increasing urbanization and the relaxation of specific regulations surrounding tobacco and smoking-related products.
In the global smoking accessories industry, Germany’s forecasted CAGR is 3.9% between 2023 and 2033. This is driven by evolving consumer preferences and a growing acceptance of alternative smoking products.
India’s smoking accessories industry will likely exhibit a 3.8% CAGR from 2023 to 2033. The industry is affected by a younger population increasingly open to experimenting with different smoking products and accessories.

Recent Developments in the Smoking Accessories Market

In November 2022, Imperial Brands, a key player in the tobacco industry, introduced the Blu brand of disposable vapes. The line consists of several small, pocket-sized vapes that can each provide up to 600 puffs and contain 20mg of nicotine in 2 ml of liquid.
In November 2021, Session Goods, a lifestyle company in San Francisco that designs contemporary cannabis products, introduced its unique, limited-edition Designer Series. The company has produced a special limited edition run of all-black and all-white bongs, pipes, and cleaning caps from its award-winning smoking accessory range.

Key Companies Profiled in the Smoking Accessories Market Report

Bull Brand
BBK Tobacco & Foods, LLP
Chongz
British American Tobacco PLC
Curved Papers, Inc.
Univac Furncrafts Pvt. Ltd.
Imperial Brands
Republic Technologies International
Jinlin (HK) Smoking Accessories Co., Ltd.
Moondust Paper Pvt. Ltd.

Key Players and Strategies for Success in the Smoking Accessories Market

The following are specific essential strategies for achieving success in the smoking accessories market:

Offer a variety of smoking accessories to suit different tastes and requirements.
Ensuring the safety and legality of products by closely adhering to industry norms and regulations.
Invest in research into cutting-edge materials and technologies to improve the performance and longevity of products.
Find significant online marketplaces and stores that the target market uses and collaborate with them.
Form strategic alliances with complementary businesses to expand reach.

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Smoking Accessories Market Segmentation:

By Type:

Smoking Waterpipes
Smoking Vaporizers
Rolling Paper & Cigarette Tubes
Lighters
Smoking Filter & Paper Tips
Other Smoking Accessories Types

By Distribution Channel:

Online Sale of Smoking Accessories
Offline Sale of Smoking Accessories

By Region:

North America Smoking Accessories Market
Latin America Smoking Accessories Market
Europe Smoking Accessories Market
Asia Pacific Smoking Accessories Market
Middle East & Africa Smoking Accessories Market

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Veterinary Electrosurgery Market is expected to surpass USD 995.2 Million by 2033, With a remarkable 6.7% of CAGR | FMI

The global Veterinary Electrosurgery Market is on the rise, driven by increasing demand for advanced surgical procedures in veterinary care. The market is currently valued at USD 520.32 million in 2023 and is projected to reach a substantial USD 995.2 million by 2033, growing at a steady Compound Annual Growth Rate (CAGR) of 6.7%. This indicates a promising future for the industry.

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Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market. In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the Global Veterinary Electrosurgery Industry.

Key Takeaways from the Veterinary Electrosurgery Market Study

Veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.
By product, consumables and accessories segment is expected to register a CAGR of more than 15% for the veterinary electrosurgery market during the forecast period.
By animal, small animals are expected to possess a 65% market share for the veterinary electrosurgery market during the forecast period.
By end use, the veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.
By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.
U.S is projected to register a CAGR of 8% during the forecast period.
U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

Veterinary Electrosurgery MarketCompetitive Landscape

Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global market are:

In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.
Medtronic, a key player in the market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables and accessories), Animal Type (Small Animal, Large Animal), Application (General Surgery, Dental Surgery, Gynecological and urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032

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Veterinary Electrosurgery Market Key Segments Covered

by Product:

Bipolar Veterinary Electrosurgery Instruments
Monopolar Veterinary Electrosurgery Instruments
Veterinary Electrosurgery Consumables & Accessories

by Animal Type:

Veterinary Electrosurgery for Small Animals
Veterinary Electrosurgery for Large Animals

by Application:

General Veterinary Electrosurgery
Dental Veterinary Electrosurgery
Gynecological & Urological Veterinary Electrosurgery
Orthopedic Veterinary Electrosurgery
Other Veterinary Electrosurgery Applications

by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics
Veterinary Electrosurgery across Other End Users

by Region:

North America Veterinary Electrosurgery Market
Latin America Veterinary Electrosurgery Market
Europe Veterinary Electrosurgery Market
Asia Pacific Veterinary Electrosurgery Market

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

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

Roll-Your-Own Tobacco Products Market: Expected to Reach US$ 45 Billion by 2033

In 2023, the roll-your-own tobacco products market is estimated to be worth US$ 31 billion. By 2033, it is projected to reach a value of US$ 45 billion. The adoption of roll-your-own tobacco is expected to progress at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period.

The roll-your-own tobacco product’s consumption has been increasing in the developed economies. The main factor boosting the growth of the roll-your-own tobacco product market is the low health risk associated with RTO tobacco and the less price associated with them.

The rising urbanization and the expanded prominence of cigarettes among the youth are the key elements driving the development of the market. The increasing health consciousness among the population changes the prevalence of smoke globally, leading to a decrease in sales of tobacco this may hinder the growth of the market. The RYO tobacco segment is likely to offer remunerative opportunities for the global roll-your-own tobacco product market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways from the Market Study:

By product, the RYO Tobacco segment accounts for a share of 39.5% in 2022-2032
By distribution channel, the offline segment accounts for a market share of 84.5% during the forecasting period.
Market in UK to procure a market share of 64.5% during the assessment period
Market in china accounts for 4.3% CAGR during the forecasting period.

Competitive Landscape

Key players in the global roll-your-own tobacco product market are
Imperial Brands; British American Tobacco; Scandinavian Tobacco Group A/S; Altria Group, Inc.; Philip Morris International; HBI International; Curved Papers, Inc.; Karma Filter Tips; Shine Brands; and Japan Tobacco International

Recent updates from the industry are:

In September 2020 – JTI (Japan Tobacco International) has extended its technology partnership agreement with Sauber Engineering AG (SEN), a leading player in technology and prototype development and part of the Sauber Group of Companies. Through this partnership, both companies will continue to collaborate on the development of precision engineering projects aimed at increasing the performance of the next generation of JT Group products.
In March 2021- BAT Group (BAT) announces a strategic collaboration agreement with Organigram Inc., to focus on research and product development activities next-generation adult cannabis products, with an initial focus on cannabidiol (CBD).
In July 2021– Philip Morris International Inc. (PMI) announced an agreement to acquire Fertin Pharma A/S. This acquisition is a significant step forward on our journey toward delivering a smoke-free future—enhancing smoke-free portfolio, notably in modern oral, and accelerating progress beyond nicotine

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Key Segments Covered in the Roll-Your-Own Tobacco Products Industry Analysis

by Product:

RYO Tobacco Products
Roll-Your-Own Tobacco Papers & Cigarette Tubes
Roll-Your-Own Tobacco Injector
Roll-Your-Own Tobacco Filter & Paper Tip

by Distribution Channel:

Offline Distribution of Roll-Your-Own Tobacco Products
Online Distribution of Roll-Your-Own Tobacco Products

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global roll-your-own tobacco products market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product (RYO tobacco, rolling paper & cigarette tubes and injector and filter & paper tip) and by distribution channel (offline and online) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)

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Oxygen Therapy Equipment Market is expected to grow at a CAGR of 7.4% and reach USD 6.4 Billion by 2032 | FMI

The global Oxygen Therapy Equipment Market is experiencing a surge, driven by increasing respiratory ailments and a growing elderly population. According to a recent analysis, the market is set to witness a robust Compound Annual Growth Rate (CAGR) of 7.4% from 2022 to 2032. This translates to a projected market value of USD 6.4 billion by 2032, a significant leap from the USD 3.1 billion valuation in 2022.

The driving force behind this exponential growth is the escalating demand for on-demand and continuous Portable Oxygen Concentrators (POC) across various applications, notably in emergency medicine. As healthcare trends evolve, the Global Oxygen Therapy Equipment Industry is strategically positioned to meet the rising needs of a global population affected by chronic respiratory diseases.

The rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in diverse applications, especially in emergency medicine, are expected to fuel the demand in the forthcoming years. This surge can be attributed to global competitors entering the market, increasing consumer demand for portable technology, and the clinical urgency for greater mobility support for the geriatric population. The industry anticipates a significant boost due to continuous innovation, resulting in more efficient units and reduced prices.

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Increasing incidences of chronic respiratory diseases coupled with rising demand for home healthcare are the major drivers of the market. This can be ascribed to the increasing geriatric population suffering from various kinds of chronic diseases in which oxygen therapy or oxygen support is required. Additionally, increasing levels of air pollution, and smoking habits of the population especially youth, among others have significantly contributed to an increase in the prevalence of respiratory diseases, thereby increasing the demand for oxygen therapy equipment.

As per the National Institutes of Health (NIH), nearly 12 million adults have been diagnosed with Chronic Obstructive Pulmonary Disease (COPD) in the U.S. and 120,000 people die each year. According to the data published by the Global Asthma Network (GAN), asthma affects nearly 334 million people worldwide.

North America dominates the oxygen therapy equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing awareness about the benefits associated with oxygen therapy in hospitals and an increasing number of end-users in this region.

Key Takeaways from the Oxygen Therapy Equipment Market Study

The global Oxygen Therapy Equipment Industry was valued at US$ 3.1 Million by the 2022-end
The US to account for the highest value share of US$ 2.4 Billion of global market demand for Oxygen Therapy Equipment Market in 2032
From 2015 to 2021, Oxygen Therapy Equipment demand expanded at a CAGR of 9.7%
By Product, the Oxygen Source Equipment category constitutes the bulk of the Oxygen Therapy Equipment Market with a CAGR of 8.2%.
By Portability, the Stationary Devices segment dominates the Oxygen Therapy Equipment Market with a CAGR of 7.8%.

“The rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in a wide range of applications such as emergency medicine is also expected to fuel the demand over the forecast period,” remarks an FMI analyst.

Oxygen Therapy Equipment Market Competitive Landscape

Players in the Global Oxygen Therapy Equipment Industry focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In July 2021, Belluscura (BELL) had signed a third distribution deal and first agreement with a durable medical equipment provider, for its X-PLO2R portable oxygen concentrator portfolio. The durable medical equipment (“DME”) has multiple stores in several states and an online store. Meanwhile, the third distributor has issued its first purchase order with anticipated delivery of the X-PLO2R portable oxygen concentrator expected in less than ninety days.
In June 2020, Armstrong Medical introduced the second generation FD140i, an improved dual therapy flow driver with an easier transition from CPAP to HFOT.
In August 2019, OxyGo LLC announced the launch of their new six flow setting, Bluetooth enabled POC. At only 4.7 pounds, and with 6 flow settings, the OxyGo NEXT offers the highest oxygen output per pound of weight of any portable oxygen concentrators currently on the market. Created to meet the needs of oxygen therapy patients and home medical equipment providers – for use at home, away, and for travel. OxyGo NEXT will allow healthcare providers to improve patient outcomes through a new wireless connectivity platform using Bluetooth technology.
In October 2018, Resmed launched CPAP mask-Airlift f30i for Hospitals and Respiratory Care Physicians in the US.

Oxygen Therapy Equipment Market Key Companies Profiled:

Philips Healthcare
Linde Healthcare
Chart Industries, Inc.
Invacare Corporation
Becton, Dickinson and Company
Smiths Medical
Drägerwerk AG & Co. KGaA
Teleflex Incorporated
Fisher & Paykel Healthcare Corporation Limited
Taiyo Nippon Sanso Corporation, Inogen, Inc.
Heinen + Löwenstein GmbH & Co. KG
Others

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Key Segments Covered in the Oxygen Therapy Equipment Market Report

by Product:

Oxygen Source Equipment
Oxygen Therapy Equipment for Cardiovascular & Thoracic Surgeries
- Oxygen Concentrators
- Liquid Oxygen
- Oxygen Cylinders
Oxygen Delivery Devices
- Oxygen Masks
- Nasal Cannulas
- Venturi Masks
- Non-Rebreather Masks
- Bag-Valve Masks
- Other Oxygen Delivery Devices

by Portability:

Stationary Oxygen Therapy Equipment Devices
Portable Oxygen Therapy Equipment Devices

by Application:

Oxygen Therapy Equipment for COPD
Oxygen Therapy Equipment for Asthma
Oxygen Therapy Equipment for Cystic Fibrosis
Oxygen Therapy Equipment for Respiratory Distress Syndrome
Oxygen Therapy Equipment for Pneumonia
Oxygen Therapy Equipment for Other Diseases

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 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 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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Retail Vending Machine Market is Expected to Reach US$ 143 Billion by 2033

The retail vending machine market is predicted to be valued at USD 60 billion in 2023 and USD 143 billion by 2033. Over the projection period, sales in the retail vending machine market are expected to increase at a CAGR of 9%. Convenience and accessibility are key drivers, as vending machines offer round-the-clock access to products without the need for human interaction or traditional retail spaces.

This convenience factor appeals to busy consumers looking for quick and hassle-free transactions. Advancements in technology, such as touch-screen interfaces and cashless payment options, have transformed vending machines into interactive and user-friendly shopping experiences. These technological innovations enhance convenience and attract tech-savvy consumers. The increasing demand for contactless transactions, especially in the wake of the COVID-19 pandemic, has further boosted the appeal of vending machines.

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A significant opportunity lies in expanding product offerings beyond traditional snacks and beverages. Vending machines now cater to a wide range of products, including fresh food, beauty products, electronics, and even prescription medicines. Diversifying product offerings can attract new customer segments and drive revenue growth. The customization and personalization of vending machine experiences present an opportunity to enhance customer engagement. Incorporating features like product recommendations based on consumer preferences or loyalty programs can improve customer satisfaction and loyalty.

Emerging trends in the retail vending machine market include the integration of smart technologies like artificial intelligence (AI) and machine learning. These technologies enable real-time inventory management, predictive maintenance, and personalized advertising on vending machine displays. A growing trend is the focus on sustainability and eco-friendly practices. Vending machines that offer recyclable packaging, energy-efficient operations, and eco-conscious product choices are gaining popularity among environmentally conscious consumers. The integration of vending machines with mobile apps and e-commerce platforms allows for seamless customer experiences, remote monitoring, and digital payment options. Key Takeaways from this Market:

Future Market Insights predicts that the United States will account for 33% of the total revenue by the conclusion of 2023.
Germany is anticipated to be a lucrative market during the forecast period, expected to register a value CAGR worth 9.7% during the projected period.
By 2023, the beverage retail vending machine segment is projected to capture approximately 45% of the overall global market share.

How Key Players are Revolutionizing the Manufacturing Market?

Key players in the retail vending machine market are driving revolutionary changes in the manufacturing process, aiming to enhance efficiency, functionality, and customer experience. They are incorporating advanced technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) to enable real-time inventory management, predictive maintenance, and personalized interactions.

These innovations are streamlining operations, reduce downtime, and improving overall machine performance. Key players are focusing on modular designs, allowing for easy customization and flexibility in product offerings. By embracing automation, connectivity, and intelligent features, these manufacturers are revolutionizing the retail vending machine market, providing cutting-edge solutions to meet evolving consumer demands.

Key Players in this Industry:

Azkoyen Group
Cantaloupe Systems Inc.
Westomatic Vending Services Limited
Royal Vendors Inc.
Glory Ltd.
Sanden Holding Corp.
Seaga Manufacturing Inc.
Orasesta S.p.A
Sellmart S.r.L
Fuji Electric Co. Ltd.

Product Portfolio:

Azkoyen Group offers a diverse product portfolio that includes vending machines, coffee machines, payment systems, and software solutions. Their range of products caters to various industries, providing innovative and efficient solutions for automated retail, self-service, and payment processing.
Cantaloupe Systems Inc. specializes in intelligent vending solutions, offering a comprehensive product portfolio that includes vending machine management software, cashless payment systems, remote monitoring devices, and customer engagement tools. Their products empower vending operators with data-driven insights, operational efficiency, and enhanced customer experiences.

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More Insights Available:

Future Market Insights offers an unbiased analysis of the retail vending machine market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the retail vending machine market, the report is segmented on the basis of type (food retail, beverage retail, games/amusement retail, tobacco retail, candy & confectionery retail, beauty & personal care retail, and ticket retail vending), payment mode (cash and cashless), and application (commercial places, offices, public places and for other applications), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Market Segmentation:

By Type:

Food Retail
Beverage Retail
Games/Amusement Retail
Tobacco Retail
Candy & Confectionery Retail
Beauty & Personal Care Retail
Ticket Retail

By Payment Mode:

Cash
Cashless

By Application:

Commercial Places
Offices
Public Places
Other Applications

By Region:

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

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High Flow Ventilators Market s Expected to Reach Over USD 67.6 Billion at a Remarkable 10% CAGR by 2032 | As stated by FMI

The critical role of high-flow ventilators in respiratory care is driving significant market growth. The global High Flow Ventilators Market is poised for expansion, with a projected value of USD 67.6 billion by 2032. This represents a substantial increase from USD 25 billion in 2021 and a steady Compound Annual Growth Rate (CAGR) of 10%.

The high-flow ventilators market has been on an upward trajectory, with a projected market value of US$ 27 billion in 2022, surpassing the US$ 25 billion mark recorded in 2021. This growth is attributed to the increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) and the widespread adoption of High-Flow Ventilators by hospitals and ambulatory surgery centers.

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Ventilators are critical life-support devices that provide patients with respiratory therapy. High-flow ventilators are a form of respiratory support device that uses a nasal cannula to provide a high-flow oxygen blend, making them ideal for severe respiratory disorders. High-flow ventilators are also commonly used to treat hypoxemic respiratory failure. During the projection period, the high prevalence of COPD cases is expected to drive the market’s rapid rise.

The increased frequency of respiratory illnesses, particularly COPD cases, and the growing worldwide elderly population will have a substantial impact on the Global High Flow Ventilators Industry between 2022 and 2032. In response to the increasing number of surgeries, demand for inexpensive and high-end critical care technology is likely to fuel market expansion. The importance of hospitals and medical emergency services adds to the demand for High-Flow Ventilators.

The market for High-Flow Ventilators is driven by a variety of end-use segments, including hospitals, ambulatory surgical centers, specialized clinics, long-term care facilities, and others. Hospitals are likely to be the most important contributors to the growth of the Global High Flow Ventilators Industry during the forecast period.

“High prevalence of COPD cases, as well as other respiratory conditions, will likely propel the global growth of the Global High Flow Ventilators Industry over the forecast period,” says an FMI analyst.

High Flow Ventilators Market Key Takeaways:

Budget constraints and stringent regulations may hinder the market growth of high-flow ventilators.
The market for high-flow ventilators will benefit from increased demand for inexpensive and innovative technologies in critical care.
North America held the biggest market share in 2018 and is expected to maintain this trend over the forecast period.
Due to an increase in respiratory diseases and expanding medical tourism, Asia Pacific is expected to emerge as a profitable market for high-flow ventilators.

High Flow Ventilators Market Competitive Landscape

ResMed, Hamilton Medical, HERSILL, S.L., Tecno-Gaz S.p.A., and Essex Industries, Inc., among others, are some of the major players in the Global High Flow Ventilators Industry profiled in the full version of the report.

Leading market players are focusing on dynamic business strategies to strengthen their market position. These businesses are adopting both organic and inorganic tactics like collaborations and partnerships to expand their product portfolio. Market players are keen on integrating advanced technologies into their products to ensure rapid growth.

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High Flow Ventilators Market: Segmentation

The Global High Flow Ventilators Industry is segmented by modality type, end user, and region:

Based on Modality Type,

Portable High Flow Ventilators
Trolley Mounted High Flow Ventilators

Based on End Users,

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Long-Term Care Centers
Others

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.

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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Elastography Imaging Market is expected to develop at a CAGR of 10.5%, to reach USD 10.426 Million by 2034 | FMI

The medical imaging landscape is undergoing a transformation with the rise of the Elastography Imaging Market. This innovative technology is poised for significant growth, with the global market projected to reach a substantial USD 10.426 million by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of 10.5% from a starting point of USD 3,841.6 million in 2024.

Elastography is a medical imaging technique that assesses the soft tissues’ elastic characteristics and stiffness. The most popular elastography techniques for mapping stiffness and diagnosing various disorders in the body are ultrasound and magnetic resonance imaging. As a completely non-invasive alternative to biopsy, elastography imaging is taking over.

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The Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Elastography Imaging Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Elastography Imaging Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Elastography Imaging Market.

Elastography Imaging Market Key Players:

The writer will create content on the general strategies of market players. And then will write the key players in the market are: GE healthcare, Koninklijke Philips N.V., Siemens Healthineers, Hitachi Ltd., Mindray Medical International Limited, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, Landwind Medical, Esaote SpA, SonoScape Medical Corp, SuperSonic Imagine and others

Elastography Imaging Market Segmentation:

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Based on technique,

Ultrasound Elastography Imaging
1D transient Elastography
Point shear-wave Elastography
Shear-wave Elastography
MR based Elastography

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Based on the application,

Gynecology & Obstetric
Cardiology
Orthopedic & Musculoskeletal
Vascular
Neurology
General Imaging

Based on modality,

Portable
On-Platform

Based on end-user,

Hospitals
Clinics
Diagnostic Laboratories
Ambulatory Surgical Centers

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Product Segmentation:

The investigation offers a top-to-bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

Full in-depth analysis of the parent market:

The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics:

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

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 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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Unleashing Pet Market Potential: Opportunity Map Analysis for a USD 39 Billion Market by 2033 | FMI

The pet market is projected to reach a value of USD 18 billion in 2023 and is anticipated to soar to USD 39 billion by 2033. The adoption of pets is expected to progress at a Compound Annual Growth Rate (CAGR) of 8% during the forecast period. One of the key drivers behind this growth is the humanization of pets. As pets become more deeply integrated into our families and daily routines, pet owners are increasingly treating them as cherished members of the household.

The pet industry is experiencing explosive growth, fueled by a surge in pet technology and a rising demand for premium pet services. This trend presents a golden opportunity for entrepreneurs with innovative ideas to enhance the lives of pets and simplify life for their owners.

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Pet Tech Takes Center Stage:

The world of pet care is undergoing a digital revolution. Pet technology products like smart collars that monitor health and activity, automated feeding systems, and interactive toys are gaining immense popularity. This trend creates a fertile ground for entrepreneurs to develop:

Cutting-edge pet tech: Products that leverage the latest advancements in technology to improve pet well-being.
User-friendly solutions: Tech that is easy to integrate into daily routines, enhancing the pet ownership experience.

Entrepreneurs can tap into this trend by developing innovative and user-friendly pet tech products that enhance the well-being of pets and simplify pet ownership. The pet market is witnessing a surge in premium and specialized pet services. Pet owners are willing to invest in luxurious grooming, spa treatments, pet hotels, and daycare facilities for their furry companions. This creates opportunities for entrepreneurs to establish unique and upscale pet service businesses to cater to this demand.

With the growing focus on pet health and wellness, there is a rising interest in alternative therapies and natural remedies for pets. This includes products such as CBD-based treats and supplements, holistic pet care, and specialized diets. Entrepreneurs who can tap into this niche by offering high-quality, natural pet products can capitalize on the evolving trends in the pet market.

Key Takeaways from the Pet Market:

As per FMI, the United States is spearheading the growth across North America, with a CAGR of 7.3% in 2023.
As per Future Market Insights, cats are expected to dominate the pet type with a CAGR of 7.9% in 2023.
As per FMI, the economy segment is poised to expand at over 7.5% CAGR in 2023. Market Competition

Key players in the pet market are revolutionizing manufacturing by embracing innovative technologies and sustainable practices. They prioritize the use of high-quality, safe materials to create durable and pet-friendly products. With advanced manufacturing techniques like 3D printing and automation, they are able to produce customized and precise products quickly and efficiently.

These companies also focus on sustainability by using eco-friendly materials, reducing waste, and implementing energy-efficient processes. Moreover, they actively engage with pet owners, gather feedback, and continuously improve their products to meet the evolving needs of pets and their owners. Through their commitment to innovation and sustainability, key players are shaping the future of the pet market.

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Key Players in the Market:

PetSmart
Petco
Petland
Petmate
Petfinder
com
The Shelter Pet Project
Best Friends Animal Society
Petco Foundation
Petango

Product Portfolio

PetSmart offers a diverse product portfolio for pet owners, including high-quality food, toys, grooming essentials, and comfortable bedding. With a focus on catering to all types of pets, PetSmart is a one-stop shop for your furry friends’ needs.
Petco boasts an extensive product portfolio, providing pet owners with a wide range of options for their beloved companions. From premium pet food and treats to innovative toys, grooming supplies, and healthcare products, Petco ensures that every pet receives the best care and attention they deserve.

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Medical Device Analytical Testing Outsourcing Market will grow at a CAGR of 6.4% and achieve a valuation of USD 10.86 Billion by 2034 | FMI

The demand for rigorous testing of medical devices is driving a surge in the Medical Device Analytical Testing Outsourcing Market. This sector is projected to experience robust growth, expanding from USD 5.84 billion in 2024 to a substantial USD 10.86 billion by 2034. This represents a steady Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period.

The key factors driving the market are product complexity, increased competition, an increase in the number of small-scale medical device manufacturers, and strict approval norms. The COVID-19 pandemic has highlighted the importance of developing innovative low-cost medical equipment. This crisis has caused a worldwide economic and health pandemic. As a result, several businesses have closed their factories and halted the majority of the manufacturing process.

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The growing global prevalence of chronic diseases is driving up demand for medical device analytical testing outsourcing. The government’s increasingly stringent quality certificate rules are propelling the global medical device analytical testing outsourcing market forward. Class II devices require premarket approvals and 510 (k) clearance; however, obtaining such clearance is a time-consuming process; thus, such emerging scenarios have fuelled the growth of the global medical device analytical testing outsourcing market. Medical device manufacturers are hiring consultants to help them understand the documentation and regulations required for pre-market approvals.

The development of advanced devices such as surgical microscopes, surgical robots, neurosurgery devices, ophthalmic surgical devices, and many others has reduced the direct contact of humans in the surgical procedure, making quality certificates for medical devices mandatory. The growing demand for minimally invasive surgeries is driving the global medical device analytical testing outsourcing market forward. However, manufacturers are turning to medical device analytical testing outsourcing to ensure accuracy, precision, quality control, and periodic maintenance.

Medical Device Analytical Testing Outsourcing Market Key Takeaways

The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 10.96 Billion during the forecast period.
The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 5.11 Billion in 2021.
The U.S is projected to lead the market while procuring US$ 1.5 Billion while expanding at a CAGR of 7% during the forecast period.
China is anticipated to grow at 5.5% CAGR
The hospitals segment is predicted to lead the market with a CAGR of 6.15% during the assessment period.

“Because of improved healthcare infrastructure and government initiatives, Asia Pacific has the largest share of the global medical device analytical testing outsourcing market. Furthermore, rapid economic development in countries such as China and India are expected to significantly boost regional market growth over the forecast period.” Says an analyst at FMI.

Medical Device Analytical Testing Outsourcing Market Competitive Landscape

The global medical device analytical testing outsourcing market is highly fragmented. Mergers, acquisitions, and partnerships, among other strategies, were used by industry participants to maintain market share. The key market players are:

SGS
Toxikon, Inc
Eurofins Scientific
Pace Analytical Services LLC
Intertek Group plc
Wuxi AppTec
North American Science Associates, Inc.
Envigo
Charles River Laboratories International, Inc.
Medical Device Testing Services

Some of the recent developments in the global medical device analytical testing outsourcing market are:

In May 2022, Intertek renewed its contract with the Philippines Bureau of Customs for its Bulk and Break Bulk Cargo Clearance Enhancement Programme.
In May 2022, Intertek announced the launch of ‘Intertek Hydrogen’ which assists the hydrogen industry in commercializing ground-breaking technology securely into the future.

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Medical Device Analytical Testing Outsourcing Industry Report Segmentation:

By Service:

Extractable and Leachable
Material Characterization
Physical Testing
Bioburden Testing
Sterility Testing
Other Tests

By Device Type:

Reprocessed Devices
Others Medical

By End Use:

Hospitals
Others

By Therapeutic Areas:

Cardiology
Diagnostic Imaging
Orthopedic
IVD
Ophthalmic
General & Plastic Surgery
Drug Delivery
Endoscopy
Dental
Diabetes Care
Others

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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