Market Research Blog – Page 3380 – New Product Development

Geospatial Analytics Market Forecasts 12.5% CAGR, Surpassing US$ 34.5 Billion by 2032

The global geospatial analytics market is anticipated to be worth US$ 10.6 billion. The market will reach US$ 34.5 billion by 2032, increasing at a 12.5% CAGR over the assessment period.

According to FMI, technological improvements in machine learning and artificial intelligence, as well as big data technologies for analyzing geographical data, are driving the geospatial analytics industry. Geospatial analytics gathers geographical data and imagery from earth observation, geographic information systems, global navigation and satellite systems and positioning, location sensors, and mobile devices, structures data visualization, and aids in the tracking of relationships between places and people.

As per the report by the Bureau of Labor Statistics, geographical information system development will be specifically strong in cities with a well-established base of database and cartography technology. This includes federal government agencies comprising the United States Geological Survey, Forest Service National Oceanic and Atmospheric Administration, National Imagery and Mapping Agency, and Federal Emergency Management Agency.

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The telecom industry is transforming quickly and needs the support of modern spatial technology to enhance its effectiveness and meet the increasing demand. Cell phone utilization is rising in emerging and developed nations, and telecom companies are looking to expand their reach. This quick diversification of the telecom industry is driving the usage of geographic information systems.

The geographic network has proven to be specifically useful in today’s telecommunication industry, as it offers the means to generate highly precise maps, increase asset location, and visualize details more effectively and interactively. Utilizing geographic information tools at network installation, maintenance, and planning stages, telecommunication operators can lower network construction prices and make sure that their networks are formed in the right places. Thus, the increasing usage of GIS in the telecommunication industry will continue augmenting the growth in the market over the forecast period.

Key Takeaways from the Geospatial Analytics Market Report:

By component, sales in the solutions segment are anticipated to grow at a CAGR of 3% through 2032.
Based on application, demand in the network and location analysis segment is expected to increase at a CAGR of 8% over the assessment period.
In terms of deployment mode, the cloud segment is anticipated to expand at a CAGR of 5% through 2032.
Based on enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 4% through 2032.
By industry, the adoption of geospatial analytics in the agriculture segment is anticipated to grow at a CAGR of 8%.
South Asia and Pacific is expected to progress at the highest CAGR of around 6% followed by East Asia through 2032.
The market in Japan is expected to progress at a CAGR of around 6% through 2032.
In India, sales are expected to grow at a CAGR of close to 0% over the next ten years.

Competition Landscape:
Alteryx, Trimble Inc., Bentley Systems, Google, Esri, Oracle Corporation, Deloitte, General Electric, SAP, and Orbital Insights are some of the leading players operating in the global geospatial analytics market.

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Geospatial Analytics Market Segmentation:

By Component:

Solutions
Services

By Application:

Surface and Field Analytics
Network and Location Analysis
Geovisualization
Others

By Deployment Mode:

Cloud
On-premises

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Energy and Utilities
Government and Defense
Telecommunication Industry
Mining and Natural Resources
Automotive
Agriculture
Others

By Region:

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

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:

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Rising Demand for High-Performance Building Materials: Fiber Cement Board Market Poised for 4.4% CAGR Growth by 2033

The global fiber cement board market value is likely to jump from US$ 10,980.6 million in 2023 to US$ 16,890 million by 2033. This estimated growth is expected to be driven by a steady CAGR of 4.4% in the global fiber cement board market over the next decade.

Increasing demand for high-performing fiber cement board building solutions in the construction industry is fueling the market growth. Their adoption is also driven by their ability to reduce construction costs, as they are easy to transport and require minimal effort by labor.

Sales of fiber cement boards are predicted to flourish in developing economies as investment in the construction of housing projects surges. Emerging new projects including single- and multi-family housing are enhancing the scope of construction materials.

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In India, the residential construction sector is expected to be supported by the Pradhan Mantri Awas Yojana-Urban (PMAY-U) “Housing for All” Mission that is predicted to continue till 31^st December 2024.

The increasing concern of the Indian government to complete big infrastructure projects prior to the 2024 elections is also a key motivator of infrastructure construction in the country. Thus, creating significant opportunities for fiber cement board producers.

Development of the commercial sector that incorporates hospitality buildings, outdoor leisure facilities, retail buildings, office buildings, and other commercial buildings is another factor that is increasing prospects for the product. Apart from offices and other projects, the expansion of the tourism business is also expected to bring new avenues for construction.

“Soaring investments in housing and infrastructural projects, especially in developing countries, are creating multiple opportunities for the producers of construction materials like fiber cement board. With these emerging opportunities, key players are focusing on enhancing their product portfolio by taking into account the valuable insights from their customers. This strategy is predicted to give them leverage over their competitors,” says an FMI analyst.

Key Takeaways from the Fiber Cement Board Market Report:

In 2022, the fiber cement board market attained a value of US$ 10,520 million.
Based on end use, the commercial segment is expected to obtain a 32.10% market share in 2023.
Portland cement is predicted to acquire a market value of 78.10% in 2023.
China and India are assessed to expand at significant CAGRs of 5.1% and 5.3% through 2033.
Japan is predicted to exhibit a growth rate of 2.7% CAGR over the forecast period.
Germany and the United Kingdom are predicted to register CAGRs of 1.8% and 2%, respectively.
The United States market is projected to record a CAGR of 2.3% through 2033.

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Developments Taking Place in the Fiber Cement Board Market

Key players in the market are offering innovative products to raise the bar higher for their competitors. For instance, Buildrite Construction Chemicals, a prominent construction chemical player in the Philippines, introduced eight new and inventive products at WorldBex 2023. Among these products is Tofil 807 and 808, which is a drywall finishing system that is equipped with anti-crack technology. This product is suggested for gypsum boards and fiber cement boards to eliminate the issue of cracking joints.

Active market participants are offering innovative fiber cement boards, consisting of a range of exterior and interior systems like throughwall systems, partitions, and ceilings. With such elaborate offerings, players are focusing their efforts on providing premium quality solutions offering long-lasting beauty and trusted protection.

Key Players in the Fiber Cement Board Market

James Hardie Industries PLC
Etex Group NV
Cembrit
Mahaphant Fibre Cement Co., Ltd.
Elementia
S.A.B de C.V.
Everest Industries
Saint-Gobain
Hume Cemboard Industries
Nichiha Corporation
Soben board Everest

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:

Nandini Singh Sawlani

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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Global Ischemic Stroke Aspiration Systems Market is estimated to exceed US$ 1,672.8 Million by 2033

According to a study by FMI, the global ischemic stroke aspiration systems market growth is expected to reach around US$ 648.7 million in 2023. The overall market is anticipated to continue expanding at an outstanding CAGR of 9.9% over the forecast years from 2023 to 2033. A substantial market expansion has been made possible by the growing demand for ischemic stroke aspiration systems, especially from hospitals and clinics. As a consequence, by 2033, the size of the global market is anticipated to reach an amazing US$ 1,672.8 million.

Since ischemic stroke is still the top cause of disability and mortality, healthcare institutions must employ cutting-edge and effective medical equipment to enhance patient outcomes. Ischemic stroke aspiration devices, which promote easy and fast recanalization of blocked blood arteries, are a minimally invasive and highly effective treatment option.

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The increased prevalence of hypertension, diabetes, and obesity has caused an increase in ischemic stroke occurrences fueling the demand for dependable medical solutions further. Further, the implementation of ischemic stroke aspiration devices has also been accelerated by improvements in medical technology and a great understanding of the advantages of prompt intervention.

Devices are being used in many sectors outside of healthcare, like in preclinical research and clinical trials for stroke therapies in research and development. Apart from that, the use of ischemic stroke aspiration devices in medical teaching and training has grown significantly creating new opportunities in the market.

Key Takeaways from the Global Ischemic Stroke Aspiration Systems Market Study Report by FMI:

The regional market in North America was figured out to capture 34.4% of the global sales of ischemic stroke aspiration systems in 2022. The United States lead among the countries by contributing almost 31.8% of the global revenue generated that year.
Europe, with a global market share of 32.7% in 2022, followed North America in the adoption of ischemic stroke aspiration systems. Germany, with a strong manufacturing industry base, contributed to nearly 8.8% of global sales and dominated Europe’s market.
The demand for ischemic stroke aspiration systems in the United Kingdom is poised to witness a year-on-year growth rate of 9.5% through 2033.
The expanding demand from hospitals and clinics is driving the sales of ischemic stroke aspiration systems in the Asia Pacific region, which is growing significantly. China and India are mainly poised to witness impressive CAGRs of 13.2% and 12.8% respectively over the next ten years.

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Competitive Landscape for the Ischemic Stroke Aspiration Systems Market Players:

Leading players have made enormous investments in research and development to create aspiration systems that are extremely effective, safe, and user-friendly. FMI trend analysis reveals that the new industries getting involved in the manufacture and distribution of ischemic stroke aspiration systems now have a thriving environment.

Players have increased the variety of systems they provide to meet a wide range of medical needs and take advantage of the expanding market potential. Further, strategic partnerships with healthcare facilities and distribution networks have enabled manufacturers to reach a broad customer base in regional markets for driving their revenue growth.

Key Companies Profiled:

Medtronic
Penumbra, Inc.
Insera Therapeutics
Imperative Care Inc.
Others

Key Segments Profiled in the Ischemic Stroke Aspiration Systems Market

By End User:

Hospitals
Ambulatory Surgery Centers
Specialty Clinics
Other End Users

By Region:

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

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Medical Billing Outsourcing Market Envisions US$ 55.6 Billion by 2032 with 16% CAGR

The medical billing outsourcing market is poised for substantial growth, with a projected valuation of US$ 55.6 billion by the year 2032, maintaining an impressive CAGR of 16%. This robust expansion underscores the increasing adoption of outsourcing solutions within the healthcare sector to streamline and enhance the complex process of medical billing.

As healthcare organizations seek to optimize operational efficiency and focus on core patient care, outsourcing medical billing services has emerged as a strategic choice. The sustained growth in this market reflects the industry’s recognition of the benefits associated with outsourcing, including cost-effectiveness, improved accuracy, and compliance with evolving regulatory requirements. The projected valuation showcases the burgeoning significance of medical billing outsourcing in the healthcare landscape, positioning it as a pivotal player in shaping the future of healthcare administration.

The majority of patients choose to visit hospitals for illness diagnosis and treatment, hence it is expected that hospitals would make up the majority of the medical billing outsourcing market. Point-of-care delivery issues arise because hospitals will experience an increase in the number of billing processes as patient traffic grows.

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As a result, outsourcing the medical billing process helps medical practitioners in both patient administration and billing. However, the various expenses associated with medical billing outsourcing are projected to resist the industry expansion.

Key Takeaways from the Medical Billing Outsourcing Market Report:

The stringent regulations and compulsions over the utilization of digital record-keeping in several countries by healthcare providers are anticipated to fuel the industry. This is a crucial factor that is predicted to drive the demand for medical billing outsourcing market growth.
The quick change and ambiguity of the legislation and regulatory framework being proclaimed are expected to benefit the sector during the forecast period. A significant increase in the emphasis on generating profitability and more income from the healthcare industry will aid the medical billing outsourcing market in the coming future. However, the increased possibility of a data breach may hinder the industry’s expansion in the coming years.

In addition to that, over the recent years, every country’s healthcare system has been put to the test. The majority of sick patients dramatically increased over the past few years and healthcare personnel were under tremendous pressure. Focusing on infected patients is critical, and as a result, the need for medical billing outsourcing services has skyrocketed. These elements are proving to be growth drivers in the medical billing outsourcing market.
The surging government investments in healthcare infrastructure in several countries are known to be the key growth drivers for the medical billing outsourcing industry. The burden on the healthcare industry all over the world has become prominent because of rising diseases and pandemics that have encouraged several nations to invest in healthcare infrastructure that will further improve the medical billing outsourcing market’s development potential.
The medical billing process is rapidly becoming more complex in nature attributed to the rising number of mergers, partnerships, and acquisitions that have occurred in the healthcare industry over recent years.
The rising business operations have wreaked havoc on healthcare professionals since patient information is frequently erroneous, difficult to exchange with all stakeholders, and orders are frequently not fulfilled.
Digital order management assists in addressing this particular issue by offering healthcare professionals automated clinical and financial data input that is connected to a single, easily accessible medical claims management system. As a result, the market is expected to develop significantly over the forecast period.

Competitive Landscape:
The global medical billing outsourcing market is predicted to be very competitive, with various mediums and small businesses fighting against each other. Mergers, partnerships, and acquisitions are some of the key business methods used by corporations to increase their market share.

Leading Key Players:

R1 RCM Inc
Cerner Corporation
Allscripts Healthcare Solutions Inc
Experian Information Solutions Inc
eClinicalWorks LLC
Athenahealth
Quest Diagnostics

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Some of the key developments in the global medical billing outsourcing industry are:

In March 2022, Omega Healthcare, a prominent healthcare management services and solution firm, acquired Reventics, a revenue cycle management solution developer that delivers provider engagement solutions to increase physician reimbursement & compliance.

In July 2021, R1 RCM Inc., a supplier of technology-driven solutions that enhance healthcare providers’ patient experiences and financial performance, announced the completion of its purchase of VisitPay, a digital payment solution provider. The purchase integrates VisitPay’s customer payments infrastructure with R1’s leading patient access technology, allowing providers to offer their patients a smooth financial journey.
In April 2021, Cerner Corporation completed its acquisition of Kantar Health, a Kantar Group company, for US$ 375 Million in cash, depending on adjustment. Kantar Health’s extensive life sciences experience will be paired with Cerner’s substantial library of real-world data (RWD) & technology, to accelerate innovation and development in life sciences research and improve patient outcomes globally.

More Insights into the Medical Billing Outsourcing Market:
United States is predicted to hold the highest revenue of around US$ 23.4 Billion by the end of 2032. The growth in the North American region is attributed to the presence of numerous healthcare service providers in the United States which has heightened their need for end-to-end outsourcing firms to manage their billing operations. Significant numbers of medical billing outsourcing companies in the US have further led to revenue growth.

Medical Billing Outsourcing Market Segmentation:

By Component:

In-house Medical Billing
Outsourced Medical Billing

By Service Type:

Front End
Middle End
Back End

By End-use:

Hospital
Physician Office
Other End-uses

By Region:

North America
Latin America
Europe
APAC
MEA

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Global Photoacoustic Microscopy Market is poised for considerable growth, projected to surge to US$ 490 million by 2032

The global photoacoustic microscopy market size is poised for substantial growth, with an anticipated revenue projection of approximately US$ 490 million by 2032. This projection marks a significant escalation from the US$ 86 million recorded in 2022, reflecting a robust Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period spanning 2022 to 2032.

The escalating demand for high-resolution imaging techniques in healthcare, life sciences, and materials science sectors is a driving force behind this remarkable growth trajectory. Photoacoustic microscopy, a cutting-edge imaging modality amalgamating optical and acoustic principles, has witnessed a surge in adoption owing to its non-invasive nature and high-resolution imaging capabilities.

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Photoacoustic microscopy, a biological imaging technique with excellent spatial resolution and deep tissue detection sensitivity, is increasingly gaining acceptance. It is projected that advances in imaging methods over the previous few years, as well as greater resolution and sensitivity, will drive the Photoacoustic Microscopy Market. The creation of novel imaging methods and technically advanced probes for the non-invasive monitoring of physiological and pathological processes in deep tissue is stimulating the market for photoacoustic microscopy.

The development of novel non-invasive biomedical imaging methods based on the use of laser-generated acoustic waves for visualising the interior function and structure of soft tissues is predicted to lead to an increase in the market for photoacoustic microscopy. The growing application of photoacoustic microscopy in areas like cancer research is one of the reasons propelling the photoacoustic microscopy market. The expensive expense of the technology and a lack of understanding in emerging and undeveloped countries may hinder the market for photoacoustic microscopy.

A hybrid in-vivo imaging approach called photoacoustic microscopy makes advantage of the photoacoustic effect to identify optical differences. Photoacoustic microscopy uses the optical absorption coefficient of the tissue being imaged to create contrast. Photoacoustic microscopy’s high resolution and deeper penetration help distinguish between healthy and sick tissue. Photoacoustic microscopy has a number of benefits over the current imaging techniques.

Locating and diagnosing sick tissues is just one of the many applications of photoacoustic microscopy. Photoacoustic microscopy is employed in therapeutic settings to identify and categorise pathology as well as to monitor the course of treatment. Photoacoustic microscopy may measure photoacoustic waves in addition to ultrasound pulse-echo waves by integrating a laser into the ultrasound hardware systems. Photoacoustic microscopy, which utilises an inverted optical microscope, employs an ultrasound transducer to record measurements from the substance.

Photoacoustic Microscopy: Region-wise Outlook:

Due to the presence of significant manufacturers engaged in photoacoustic microscopy, the North American region is anticipated to have a significant proportion of the global market. Additionally, the market revenue share for photoacoustic microscopy is anticipated to increase significantly due to the rising incidence of cancer, which is driving research and development. Due to the adoption of technologically cutting-edge medical imaging instruments and a sophisticated healthcare infrastructure, Europe is anticipated to contribute the second highest share of the worldwide photoacoustic microscopy market.

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The factors that are driving the Asia Pacific market include an increase in the number of patients, an increase in the prevalence of infectious diseases, a growth in the use of new technologies, and an increase in healthcare spending. Due to advancements in smart photoacoustic imaging techniques that combine laser light with ultrasound, China is predicted to have tremendous growth in this field. Due to a shortage of trained personnel and inadequate financing for research, the photoacoustic microscopy industry is predicted to grow more slowly in Latin America, the Middle East, and Africa.

Photoacoustic Microscopy: Key Players

Some of the key players present in the global photoacoustic microscopy market are:

Kibero GmbH
Verasonics, Inc.
Fujifilm Holdings Corporation

Photoacoustic Microscopy: Segmentation

The global photoacoustic microscopy market is segmented on basis of method type, application, end user, and geography.

Segmentation by Method:

Reconstruction-based Photoacoustic Computed Tomography
Scanning-based Photoacoustic Microscopy

Segmentation by Application:

Oncology
Vascular disease
Skin Disorders
Others

Segmentation by End User:

Hospitals
Cancer Research Institutes
Diagnostic Laboratories

Regional analysis includes:

North America
Latin America
Europe
Asia Pacific Excluding China
China
Middle East & Africa

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Global Intracardiac Imaging Market is poised to achieve US$ 1256.3 Million by 2032

The global intracardiac imaging market is on a trajectory of remarkable growth, with an anticipated value of US$ 1256.3 Million by 2032. This projection stems from the sustained prevalence of arrhythmia, impacting over 500,000 individuals worldwide, igniting substantial expansion in the intracardiac imaging sector.

According to analysts at Future Market Insights (FMI), the global intracardiac imaging market, currently valued at US$ 661.8 million in 2022, is poised to exhibit a robust Compound Annual Growth Rate (CAGR) of 6% from 2022 through 2032.

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The surge in demand for intracardiac imaging solutions is attributed to an escalating prevalence of arrhythmia cases globally. This cardiac condition, affecting half a million people, has spurred a significant uptick in the need for advanced intracardiac imaging techniques and technologies.

“The burgeoning demand for precise diagnostic tools to manage arrhythmia has driven the growth of the global intracardiac imaging market,” stated an FMI analyst. “This market evolution signifies a crucial advancement in cardiac care, ensuring enhanced diagnostic accuracy and improved patient outcomes.”

Intracardiac imaging technology enables healthcare providers to achieve high-resolution imaging within the heart, aiding in accurate diagnosis and subsequent treatment planning. The projected growth signifies a paradigm shift in cardiovascular healthcare, underscoring the increasing significance of cutting-edge imaging techniques for addressing cardiac ailments.

FMI’s research indicates a consistent growth trajectory, pointing towards an anticipated market value of US$ 1256.3 Million by 2032, showcasing the continued prominence and expansion of intracardiac imaging solutions in the global healthcare landscape.

Some of The Key Technologies And Devices Used In Intracardiac Imaging Include:

Intravascular Ultrasound (IVUS): IVUS involves the use of a tiny ultrasound probe inserted into the blood vessels to produce high-resolution images of the coronary arteries and heart valves. It helps in assessing plaque buildup, stent placement, and other coronary conditions.
Intracardiac Echocardiography (ICE): ICE is a technique that employs a catheter-mounted ultrasound probe to capture real-time images of the heart’s chambers and valves. It is often used during interventional cardiology procedures such as atrial fibrillation ablation and closure of atrial septal defects.
Optical Coherence Tomography (OCT): OCT utilizes light-based technology to create detailed cross-sectional images of coronary vessels. It provides high-resolution images and is particularly valuable for assessing stent apposition and tissue healing after coronary interventions.
Fluoroscopy: While not a direct imaging technique, fluoroscopy is commonly used in combination with other intracardiac imaging modalities to provide real-time visualization during cardiac procedures.

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The intracardiac imaging market has witnessed significant growth in recent years due to advancements in technology, increasing cardiovascular diseases, and a growing aging population. These innovations have led to more precise diagnosis and treatment options, ultimately improving patient outcomes.

Key players in the intracardiac imaging market include medical device companies, imaging system manufacturers, and healthcare institutions. They invest in research and development to create more advanced and user-friendly intracardiac imaging devices. Additionally, regulatory agencies such as the FDA play a crucial role in ensuring the safety and effectiveness of these devices.

Market trends in intracardiac imaging include the development of smaller, more maneuverable catheters, enhanced image processing software, and increased integration with other cardiovascular technologies. The aim is to improve both the diagnostic accuracy and the efficiency of cardiac procedures.

Key Companies Profiled:

Boston Scientific
GE Healthcare
Siemens Healthcare
Acist Medical Systems
InfraReDx Inc
Avinger
St. Jude Medical

Key Segments Profiled in the Intracardiac Imaging Market:

By Product Type:

Intracardiac Echo
Transthoracic Echo
Transesophageal (TEE) imaging
Intravascular ultrasound (IVUS)
Optical coherence tomography (OCT)

By End User:

Hospitals
Diagnostics Imaging Centers
Cath Labs
Academic and Research Institutes

By Region:

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

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Corporate Web Security Market Set to Scale US$ 7.6 Billion Peak by 2032, 7% CAGR

The demand for corporate web security market is expected to reach US$ 3.2 billion by 2022. Sales of corporate online security solutions are anticipated to reach US$ 7.6 billion by 2032, registering a CAGR of 7.0%. The increase in the use of online security solutions by organizations to solve their security concerns is responsible for the growth observed.

The important trends and growth drivers that are expected to have an impact on the market in the future years are thoroughly examined in the study. Over the projection period, the technology industry is anticipated to experience a strong rise due to the adoption of cloud computing and artificial intelligence. The growth forecast for the Corporate Web Security market in the next ten years is projected to be improved by rising competitive pressure and increased digital transformation in the fields of data analytics and artificial intelligence.

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According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence the growth of the Corporate Web Security market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Corporate Web Security market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Corporate Web Security Market:
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of the electronic supply chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in the IT services and technology industry is expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Corporate Web Security market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Corporate Web Security market.

Key Questions Addressed in the Corporate Web Security Market Report:

How will the Corporate Web Security market expand through 2032?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Corporate Web Security market?
What are the key challenges and competition threats faced by Corporate Web Security market players?
Which region is the most lucrative in the Corporate Web Security market?

Corporate Web Security Market: Competitive Analysis:
The FMI’s Corporate Web Security market report provides a detailed analysis of prominent players as well as emerging companies operating in the Corporate Web Security market. Some of the key players are:

Qualcomm Technologies, Inc.
Broadcom Inc.
MediaTek Inc.
Intel Corporation
Texas Instruments Incorporated.
Hewlett Packard Enterprise Co.
STMicroelectronics N.V.

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects, and product expansion within the players. The report also offers key players’ marketing strategies, recent mergers and acquisitions, and pricing strategies to gain a competitive edge in the industry.

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Corporate Web Security Market Segmentation:

By Solutions:

Appliances services
Cloud-based services
On-premises services
Hybrid solutions

By Industry verticals:

IT and telecommunication
Government public utilities
Healthcare and life sciences
Others (including retail, manufacturing, and transportation)

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Italy Tourism Market on Track for Robust Growth, Forecasted at US$ 43.8 Billion by 2032 | FMI

The global Italy tourism market is anticipated to propel at an impressive CAGR during the forecast period from 2022 to 2032. The global market registered a valuation of US$ 23.1 Billion by the end of 2022 and is estimated to reach around US$ 43.8 Billion in 2032. Nearly 8 million travelers visited Italy in the first half of 2022 amounting to US$ 5.4 Billion.

According to the latest updates conducted by Future Market Insights, over the coming year, around 92 million arrivals are expected to happen, with 343 million overnight stays in Italy. In addition to that, with surging awareness of sustainable tourism in Italy and other European regions, the overall demand is forecast to increase at a prolific CAGR between 2022 and 2032.

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According to the historical analysis conducted by Future Market Insights, on average, each of the tourists arriving in 2020 spent about $ 450 dollars. Conversely, the inhabitants of Italy spend as much as $511 dollars a year when they themselves spend vacations abroad. Such high spending on tourism activities is in turn helping the growth of the regional market.

Furthermore, various other tourism activities such as culinary tourism, and casino tourism among others are considered to bolster sectors in the country attracting a large pool of consumers and alternatively, boosting the local market. The market witnessed a growth rate of around 5.1% during the historic period of 2017 to 2021.

Italy is known to welcome tens of millions of visitors every year from all over the globe on the basis of its approximately 7600 kilometers of coastline and location on the Mediterranean Sea. Additionally, the population of Northern European nations is specifically attracted to Italy because of its lovely climate.

Italy’s unique history and culture and architecture are well-known on a global scale. In the nation, there are more than 100,000 historical sites, many of which are remnants of the former Roman Empire. Various such factors are attracting global tourists to the country’s enriching travel destinations, thus, contributing substantial revenue toward market growth.

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Key Takeaways

Italy stands out for its distinctive culture which attracts travelers and visitors and since it has impeccable fashion selections, a wide range of options are present to discover for foodies, and with such great culture. Italy is undoubtedly a mesmerizing nation and a once-in-a-lifetime visiting destination according to most tourists and travelers, and with so many travelers and explorers waiting in line, Italian tourism enters a new level in its contribution to the Italian economy.
In the year 2022, 2.64 million people were estimated to get directly employed by the tourism sector within the nation which roughly contributes to almost 8.3% of total employment. According to the most recent figures, Italy saw almost 10.5 million more tourists in January 2022 and 57% spent more days there than actually planned.
An impressive recovery has been witnessed in the inbound component, while the local component has seen a huge increase in numbers. Various such factors are contributing to the market growth in Italy and are a crucial driving force in the country’s tourism growth.
Since Italy is known for being one of the best exotic locations in the world, 16% of the locals are expected to select destinations that can be reached in 90 minutes or less, while 33% want to travel further than that. In addition to visiting nearby villages or towns and learning about their attractions, mountain trekking is becoming increasingly popular among Italian tourists. Also becoming more and more popular is traveling to destinations with rich traditions and cultures which is promoting regional tourism across the world.
These days, a changing trend has been witnessed in the idea of tourism as people are looking for close-to-home destinations to explore since it offers convenience and comfort. This tendency has accelerated, is rapidly forming and expanding, and it is here to stay. Italian tourism will benefit greatly from this trend because it will offer culture, convenience, and flavor. Furthermore, Italy is also known for the origination of pizza and comprises many unique local wine varieties, which is appealing to a vast pool of consumers across the world.

Competitive Landscape

Various travel and tourism companies are assuring a safe and affordable travel experience in Italy. Some of the top tour operators offer fascinating travel packages and offers distinctive travel packages around Europe, America, Asia, and the Middle East.

Italy Tourism Market by Category

By Age:

Under 18
18-25
26-35
36-45
46-55
Over 55

By Visit Purpose:

Business & Professional
Leisure, Recreation & Holidays
Healthcare
Religious Travel
Other

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Tour Type:

Corporate
Family
Couples
Youth Groups
Single Tourists

By Tourism Type:

Religious Tourism
Cultural/Heritage Tourism
Medical Tourism
Others

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Electric Wheelchair Market Eyes 10.4% CAGR to Reach US$ 11,741.6 Million by 2033

The electric wheelchair market will be worth US$ 4,352.4 million by 2023. Between 2023 and 2033, the global market share is predicted to increase by 10.4% CAGR. Furthermore, the global electric wheelchair market is expected to reach US$ 11,741.6 million by 2033.

The demand for electric wheelchairs is poised to increase by 2.5X, recording a CAGR of 10.4% over the next ten years. By the conclusion of this forecast period in 2033, the overall electric wheelchair market value is anticipated to reach US$ 11,741.6 million.

The rise in the older population with age-related mobility issues is a leading cause for the growing sales of electric wheelchairs worldwide. Besides that, the need for automated wheelchairs for persons with disabilities is an emerging trend driving the global demand for electric wheelchairs. Furthermore, improving lifestyle with high disposable money is also considered responsible for the electric wheelchair industry’s expansion in recent years.

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The worldwide sales of electrical wheelchairs are anticipated to be hampered by the high cost of the devices and lack of infrastructure and awareness.

Key Takeaways from the Electric Wheelchair Market Report:

The United States alone manufactured around 18.2% of the world’s electric wheelchairs in 2022 because of the presence of significant players in the country.
In Europe, Germany is the leading manufacturer of electrical wheelchairs, contributing an 8.2% share of the global revenue generated in 2022.
China now holds a dominant position in Asia with a global market share of 10.1% in 2022 and is anticipated to strengthen through 2033.
India currently accounts for almost 9.1% of the global revenue and is anticipated to become the leading market for electric wheelchairs in Asia.
In terms of product type, the center-wheel drive category dominated the electric wheelchair market in 2022 with a 30.1% global market share.

Recent Developments by the Electric Wheelchair Manufacturing Industries:
Sunrise Medical Company introduced an ultra-light QUICKIE Nitrum wheelchair in July 2021. This innovation in mobility aids & transportation equipment provides the best stiffness and strength.

The e-fix eco Power Assist Device from Invacare Corporation was released in February 2022. The improved design of this new technology can transform manual wheelchairs into electric wheelchairs.

An innovative electric wheelchair called the Scewo BRO was introduced in January 2022 by the Swiss firm Scewo. The company claims this innovative product can set new market trends in electric wheelchairs to help persons with mobility problems upstairs.

A mobility aids and transportation equipment manufacturer based in the United States called Segway debuted an egg-shaped pod in January 2020. This electric mobility solution lets patients quickly travel across airports, amusement parks, campuses, and cities.

Competitive Landscape for the Electric Wheelchair Market Players:
The market is somewhat fragmented, with local and international firms predominating the powered wheelchair industry. The overall market is poised to develop over the introduction of wheelchairs, which enable more effective long- and short-distance ambulation and enhanced freedom.

Leading Key Players:

OttoBock Healthcare GmbH
Invacare Corp.
Pride Mobility Products Corp.
Permobil AB
Sunrise Medical Limited
Hoveround Corporation
LEVO AG, Invacare Corp.
MEYRA GmbH
Medical Depot, Inc.
GF HEALTH PRODUCTS, INC

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Electric Wheelchair Market Segmentation:

By Product Type:

Front Wheel Drive
Rear Wheel Drive
Standing Electric Wheelchairs

By End Users:

Hospitals & Clinic
Home Care
Sports Conditioning

By Region:

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

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Acrylic Paints Market Poised for Growth: High-Performance Bonding and Tech Advancements Drive Demand

The global acrylic paints market is anticipated to surge at a healthy CAGR of around 4.5% throughout the forecast period from 2022 to 2032. The growth in the global acrylic paints market is attributed to the development of high-performance acrylic paint bonding for manufacturers to emerge as winners in the market.

Furthermore, advances in technology-driven end-use applications of acrylic paints are some of the crucial factors responsible for market expansion. In addition to that, the surging expansion of infrastructure also plays a pivotal role in fueling the growth of the acrylic paints market as factors such as water resistance and superior finish boost its popularity.

Acrylic paint set out to be one of the crucial mediums for elementary use which is gained a diverse range of applications & preferences in recent times with diversified products. Acrylic paint is known to be treated as a type of medium that is suitable for kindergarten classrooms only over the past few decades.

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Although with the advancements in pigmentation, consistency, and finishes, many artists including David Hockey, Helen Frankenthaler, and Mark Rothko among others, are preferring acrylic paints as an ideal choice for acrylic art. This changing preference has been expected to bolster the prominence of acrylic paints among artists over the years.

In addition, the excellent properties of acrylic paint are broadening their adoption among artists, globally. Acrylic paints are considered low-maintenance mediums that do not require any sort of custom supplies such as conventional oil paints. Moreover, they offer the benefits of enhanced consistency and texture.

The versatile nature of acrylic paints is making them an ideal medium that allows artists to do acrylic painting on canvas. Artists are known as the key consumers of acrylic paints. Companies focused on stationery products are increasing their investments in acrylic paint, further creating lucrative prospects for manufacturers. Hence, the increasing adoption of acrylic paint as a professional medium of painting will continue to drive market growth in the coming years.

Key Takeaways

The high reliance of artists on acrylic paints in order to get consistency and finish in their portraits is considered one of the primal revenue channels for the market. In addition to that, significant players are leveraging market intelligence such as consumer trends and region-wise analysis to devise research and development efforts.
Originating from the popularity of water-based acrylic binders in house paints and artisanal professionals, the global acrylic paint market will continue to make material progress over the decade ahead. Known for their durability, flexibility, and affordability, the acrylic paints market has established itself as a sizeable market over the years.
Some of the key factors fueling the global acrylic paints market growth comprise tech-driven advancements in acrylic paints. Furthermore, an increasing number of compatible media is expanding the application scope of acrylic paints.
The surge in infrastructure development is considered one of the major factors for the growth of the acrylic paints market. Factors such as water resistance, superior finish, and consistent drying time are propelling their adoption in construction projects.
Consumer demand for high-performance exterior paint, sun reflective and water resistant come with improved finished quality is making acrylic paints the preferred choice for exterior surfaces.
Acrylic paints cannot get deteriorated under excessive sunlight and offer enhanced adhesion and thermoplastic properties. Hence, real estate companies are selecting acrylic paints to differentiate themselves in the competitive real estate market. As a result, construction contractors will continue to buy more acrylic paint products thereby expanding the acrylic paints market.

Competitive Landscape

Dominant players in the acrylic paints market are concentrating on enhancing their product portfolios for manufacturing the best acrylic paint and complementing features such as colors, finish, adhesion, consistency, and resistance to water and sunlight.

Key players are leveraging industrial automation to expand their production capacity and global footprint. Since residential infrastructure is a high-growth area in developing countries, market players are capitalizing on research efforts toward evolving consumer trends in color preference and desired finishes.

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Top Key Players in the Acrylic Paints Market

Azkonobe
Asian Paints India
BASF SE
Berger Paints India
Berkshire Hathaway

More Insights into the Acrylic Paints Market

North America is anticipated to dominate the global acrylic paints market since it has been the most remunerative region for market players, owing to the surging adoption of acrylic paints in construction activities. However, with the saturation of opportunities in infrastructure development projects, the North American acrylic paints market is poised to attain a mature market over the assessment period.

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:

Nandini Singh Sawlani