Home Automation Sensors Market Set for Striking Growth: Envisions a US$ 533,117.7 Million Valuation by 2033, Sporting a 16.6% CAGR

The global home automation sensors market is predicted to reach a value of approximately US$ 114.4 billion in 2023. This growth is driven by the increasing focus on quick and convenient automation for controlling household appliances and electrical outlets with just a simple touch.

Home automation sensors are equipped with advanced security features that enhance the safety of homes through embedded sensors and the Internet of Things (IoT). As a result, there is a growing demand for these sensors, and it is expected that the market will expand at a CAGR of 16.6% between 2023 and 2033, reaching a total value of around US$ 533.1 billion by 2033.

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Home Automation Sensors are associated with a home to make the home savvy by gathering data as projects and orders. These days, automation is gaining momentum in homegrown applications including security frameworks and home machines.

In consistency with the Internet of Things (IoT), a few home machines are credited with different sensors to play out specific undertakings as customized or with man-made consciousness. Sensors like light sensors, movement sensors, nearness (presence) sensors, infrared sensors, voice finders, and others are utilized to control indoor lights, entryways or windows, surveillance cameras, TV, temperature (HVAC), and different apparatuses.

These sensors are fundamentally planned to decrease power utilization and increment the unwavering quality of the frameworks, additionally, these automation highlights help to fabricate a predominant tasteful appearance.

Home Automation Sensors Market Dynamics:

The global home automation sensors market is highly dependent on the adoption of automation systems in domestic applications. The rapid growth in technology has enabled manufacturers to develop sophisticated systems with smart sensors, which is observed as an emerging USP for the products and is estimated to gain significant growth over the forecast period.

Also, growing disposable income among consumers is expected to propel the growth of the global home automation sensors market. Furthermore, the growing fascination for high living standards among the urban population is estimated to be the other major factor escalating the growth of the global home automation sensors market.

On the other side, the incorporation of sensors involves higher technological complexity as compared to conventional systems, which ultimately increases the cost of manufacturing home automation systems. Also, systems with sensors require high maintenance and suitable environmental conditions in order to work effectively.

Despite the decent advantages of home automation sensors, high cost, and maintenance are expected to hinder the market growth over the forecast period. Also, as most of these systems are connected directly through a command unit or controller, which generally will be connected to a remote station or cloud storage, impinges customer’s mind about the hacking or malfunctioning of the system, which can lead to full access to the house, thereby raising security concerns.

Leading Key Players:

  • Honeywell International Inc.
  • Sony Corp
  • HTC Corporation
  • LM Ericson
  • United Technologies Corporation
  • Schneider Electric S.E.
  • Siemens AG
  • Lutron Electronics Co. Inc.
  • Samsung

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Home Automation Sensors Market Segmentation:

By Sensor Type:

  • Motion Sensors
  • Proximity Sensors
  • Light Sensor
  • Image Sensors
  • Voice Sensors (Detectors)
  • Temperature Sensors
  • Fire Sensors
  • Biometric Sensors
  • Gas/Smoke Sensors
  • Other

By Application:

  • HVAC Systems
  • Lighting Systems
  • Safety & Security Systems
  • Television and Entertainment Systems
  • Other Applications

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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
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GaN Substrate Market on a Steady Rise: Envisaged Compound Annual Growth Rate of 9.7% to Reach US$ 13,721.9 Million by 2033

The GaN substrate market is anticipated to be valued at US$ 5,420.5 million in 2023. Additionally, it is expected to experience a steady growth rate of 9.7% over the next ten years, ultimately reaching a significant value of US$ 13,721.9 million by 2033. This growth can be attributed to the persistent focus on environmentally friendly transportation initiatives, particularly the promotion of green vehicles.

Gallium Nitride (GaN) substrate is a semiconductor material with distinct advantages when compared to conventional semiconductor materials like Silicon, Silicon Carbide, Aluminum, Sapphire, and others.

GaN is typically grown as a thin film on substrates such as Sapphire, Silicon, and Silicon Carbide. Currently, GaN on sapphire dominates the market share, but it’s anticipated that GaN on Silicon Carbide (SiC) will experience the most rapid growth in applications like LEDs and power electronics.

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Owing to a lot of advantages over all the other traditional substrates, GaN Substrate is one of the most emerging substrates in the industry and holds a high growth potential. High electron mobility, low switching losses, and fewer lattice mismatches are some of the key advantages of the GaN Substrate, which are leading to the worldwide adoption of GaN Substrate, mainly in the industries such as optoelectronics and power electronics.

Currently, the GaN Substrate holds authority in LEDs possessing a share of nearly 70% of market revenue, while power electronics products are in an evolving stage. Other applications of GaN Substrate also involve inverters (& converters), RF devices, power supply modules and motor drives which are expected to evolve rapidly in the market.

GaN Substrate is a semiconductor material, whose advantages are evident in comparison to the other conventional semiconductor materials such as Silicon, Silicon Carbide, Aluminium, Sapphire, and others. The GaN material is a thin film which is grown on other materials like Sapphire, Silicon, and Silicon Carbide. Out of which, the GaN on sapphire currently holds for most of the share, but SiC is expected to evolve at the fastest rate among others, in the LEDs and Power electronics segment.

Global Market of GaN Substrate: Drivers and Restraint 

Wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity are some of the key factors leading to a rapid shift of industry manufacturers from silicon technology to GaN substrate. These properties let the GaN Substrate material operate at much higher voltages, work at high switching frequencies, and increase its ability to handle higher power density, thereby offering enhanced power efficiency, which are the key requirements of power amplifiers and applications pertaining to optoelectronics, they are the captivating interest in the R&D fields of these industries.

GaN Substrate also exceeds the limit of their counterpart Si devices in applications like Schottky diodes, FETs, HEMTs, and other advanced transistors and lets them operate efficiently at much higher voltage levels. These are the key factors that result in gaining attraction for GaN Substrate in the market, with the LED applications being the key drivers holding a share of nearly 70% of revenue in the market for the bulk gallium nitride (GaN) market.

As these devices help reduce conduction and switching losses and offer higher efficiency in electronic systems, gradually they are entering a new segment of applications, namely power amplifiers. These applications of GaN Substrate are in an evolving stage but are anticipated to show substantial growth in the upcoming years.

GaN Substrate Market Segmentation on basis of regions 

The GaN substrate market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and the Middle East & Africa.

Asia-Pacific region accounts for the maximum share in the GaN Substrate Market, with Japan, China, and Korea being the major contributors in terms of production and consumption. Major factors like less labor and production costs in these countries act as catalysts in helping manufacturers to set up production facilities. Besides that, the dominancy of GaN Substrate suppliers strongly distributed in the region aids in a flourishing market.

Owing to increasing demand in the UK and Germany, the European GaN Substrate  market follows Asia-Pacific and  witnessed moderate growth while North America, an early adopter of the technology follows Asia-pacific in the market share exhibiting significant growth, a trend expected to continue over the forecast period.

Key Market Players:

  • Cree Inc.
  • Kyocera Corp.
  • MonoCrystal
  • Sumco Corp.
  • Sumitomo Electric Industries
  • 10+
  • Saint Gobain Ltd.
  • Mitsubishi Chemical Corporation
  • Texas Instruments Incorporated
  • GaN Systems Inc.
  • MTI Corporation

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GaN Substrate Market Segmentation:

By Size:

  • 2-inch
  • 4-inch
  • 6-inch
  • Higher than 6 Inches

By Type:

  • Sapphire
  • Si
  • SiC
  • GaN

By Substrate Production Process Type:

  • Hydride Vapor Phase Epitaxy-based (HVPE)
  • Ammonothermal Growth-based
  • Metal-Organic Chemical Vapor Deposition (MOCVD)

By End User:

  • Healthcare
  • Automotive
  • Military and Communication
  • General Lighting
  • Consumer Electronics
  • Power Generation
  • Telecom

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
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Website: https://www.futuremarketinsights.com
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Aerospace Head Up Display Market Soars with Impressive 16.1% CAGR, Set to Reach US$ 9,580.2 Million by 2033

The aerospace head up display market size is poised to surpass US$ 2,149.6 million in 2023 and is projected to attain a valuation of US$ 9,580.2 million by 2033. The aerospace head up display market share is anticipated to thrive at a CAGR of 16.1% from 2023 to 2033.

Head-up displays allow pilots to keep their concentration on the outside world while providing them with real-time, crucial flying information that is projected directly onto the aircraft’s windshield or a combiner glass. HUDs display crucial information such as altitude, airspeed, direction, navigation, and flight path data. HUDs lessen the stress on pilots and improve response times, especially during crucial flight phases like takeoff, landing, and low visibility situations. This is accomplished by removing the need for pilots to continuously move their sight between the instrument panel and the outside environment. The aviation industry embraces HUD systems because they improve situational awareness, lessen cognitive strain, and increase flight safety.

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To accommodate the rising demand for air travel, the commercial aviation industry is expanding significantly and is delivering more aircraft. The likelihood of HUD systems being installed as part of the cockpit avionics suite increases when airlines renew their fleets with new aircraft. The aerospace HUD market is growing due to the increase in commercial aircraft deliveries.

HUD technology has been credited for improving flight safety by aviation regulatory agencies, including the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA). To promote and regulate the use of HUDs in commercial and military aircraft, authorities have developed regulations and guidelines. Implementing these rules encourages the use of HUDs and fosters industry growth.

Key Takeaways from Aerospace Head Up Display Market Report:

  • In 2018, the global market size stood at US$ 1,108.2 million.
  • The market expanded at a CAGR of 14.0% from 2018 to 2022.
  • In 2022, the global market size stood at US$ 1,875.0 million.
  • The United States captured 17.7% of global market shares in 2022.
  • India captured 17.6% of global market shares in 2022.
  • China captured 12.3% of global market shares in 2022.
  • The United Kingdom captured 13.2% of global market shares in 2022.
  • The windshield-based segment captured 56.5% of global market shares in 2022.
  • The aerospace segment acquired 61.2% of global market shares in 2022.

Recent Developments Observed by FMI:

  • A new Head-Up Display (HUD) that is small, compact, and appropriate for both military and commercial aircraft was unveiled by BAE Systems in May 2022. The LiteWave head-up display (HUD) is a laptop-sized device that is mounted above the pilot’s head and shows important information like direction, altitude, and speed right in their line of sight.
  • According to company executives in Toulouse, Airbus is developing a new enhanced flight vision system (EFVS) for its A320 family of airplanes that could later be used on other models. The EFVS is currently in development and consists of the head-up display (HUD), cockpit controls, and sensor. It could later be used for other Airbus aircraft models besides the A320.

Key Players in the Global Market:

  • BAE Systems
  • Bharat Electronics Ltd.
  • Collins Aerospace, a Raytheon Technologies Company
  • Dassault Aviation
  • Elbit Systems Ltd.
  • Excelitas Technologies Corp.
  • Honeywell International
  • Saab
  • TransDigm Group Inc.
  • Thales Group

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About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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 Amyotrophic Lateral Sclerosis Industry is anticipated to reach a potential value of US$ 1332.22 Million by 2033, according to FMI

The global amyotrophic lateral sclerosis industry is on the brink of substantial expansion, with forecasts revealing a promising compound annual growth rate (CAGR) of 6% between 2023 and 2033. A recent in-depth study anticipates a noteworthy surge in market size, projecting an increase from the expected US$ 743.90 million in 2023 to an impressive US$ 1332.22 million by 2033.

ALS, commonly known as Lou Gehrig’s disease, is a progressive neurodegenerative disorder that adversely impacts nerve cells in the brain and spinal cord, resulting in muscle weakness, paralysis, and ultimately respiratory failure. While a cure for ALS remains elusive, various treatments and therapies exist to manage symptoms and enhance the quality of life for patients.

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This anticipated growth in the global ALS market signifies a crucial advancement in addressing the challenges posed by this debilitating disease. The increased investment in research and development, coupled with advancements in therapeutic approaches, is expected to drive the market expansion. Furthermore, the rising awareness about ALS and the increasing prevalence of the disease contribute to the optimistic outlook for the industry.

As of my knowledge cutoff in September 2021, there were several medications approved by regulatory authorities for the treatment of ALS. These include riluzole (Rilutek) and edaravone (Radicava). Riluzole is believed to slow down the progression of ALS by reducing the release of glutamate, a neurotransmitter that may contribute to nerve cell damage. Edaravone is an antioxidant that aims to reduce oxidative stress and may help slow the decline in physical function.

In terms of the market for ALS treatments, it is challenging to provide real-time information as it can fluctuate over time. However, it is worth noting that ALS is considered a relatively rare disease, with an estimated prevalence of around 2 to 5 cases per 100,000 people. The smaller patient population poses challenges for drug development and commercialization.

Research and development efforts continue to explore potential new treatments for ALS. These include investigational drugs targeting different mechanisms of disease progression, such as neuroprotection, anti-inflammatory effects, and genetic therapies. Clinical trials are conducted to evaluate the safety and efficacy of these potential treatments.

Key Takeaways: Amyotrophic Lateral Sclerosis (ALS) Market:

  • Growing Prevalence of ALS: The market for amyotrophic lateral sclerosis (ALS) is driven by the increasing prevalence of the disease worldwide. ALS is a neurodegenerative disorder that affects nerve cells in the brain and spinal cord, leading to muscle weakness, paralysis, and eventually respiratory failure. The rising incidence of ALS has created a significant market demand for effective treatments and therapies.
  • Limited Treatment Options: Currently, there is no cure for ALS, and treatment options are limited. The existing medications primarily focus on managing symptoms and slowing down the progression of the disease. This creates an opportunity for pharmaceutical companies to develop innovative therapies that can provide better outcomes for ALS patients.
  • Research and Development Efforts: The ALS market is witnessing significant research and development efforts aimed at identifying new treatment modalities and therapeutic targets. These efforts include the exploration of novel drug candidates, gene therapy, stem cell transplantation, and the use of biomarkers for early diagnosis and disease monitoring. Collaborations between pharmaceutical companies, research institutions, and patient advocacy groups play a crucial role in advancing ALS research.
  • Orphan Drug Designation: Many therapies being developed for ALS have received orphan drug designation from regulatory authorities. This designation provides incentives to pharmaceutical companies, such as extended market exclusivity, tax credits, and fee waivers, encouraging investment in research and development for rare diseases like ALS. Orphan drug status contributes to the growth of the ALS market by facilitating faster drug approvals and commercialization.
  • Emerging Therapeutic Approaches: Several emerging therapeutic approaches hold promise for the treatment of ALS. These include the use of antisense oligonucleotides (ASOs) targeting specific genes, neuroprotective agents, neurotrophic factors, and immune-modulating therapies. Stem cell-based therapies, such as mesenchymal stem cell transplantation, also show potential for ALS treatment. These novel approaches are expected to expand the treatment landscape for ALS in the future.
  • Supportive Care and Assistive Devices: Alongside drug development, the ALS market also encompasses the provision of supportive care and assistive devices for patients. ALS patients require a multidisciplinary approach to manage their symptoms and maintain their quality of life. Supportive care includes respiratory support, physical and occupational therapy, speech therapy, and psychological counseling. The demand for assistive devices such as wheelchairs, ventilators, and communication aids is expected to grow in line with the increasing ALS population.

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Competitive Analysis:

By Prominent Market Players:

  • Mitsubishi Tanabe Pharma Corporation
  • Otsuka Pharmaceutical Co., Ltd.
  • BrainStorm Therapeutics
  • Biogen Inc.
  • Corestem
  • AB Science
  • F.Hoffmann-La Roche AG
  • Biohaven Pharmaceutical
  • Sun Pharmaceutical
  • Ionis Pharmaceuticals, Inc.

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

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Key Segments Profiled in the Amyotrophic Lateral Sclerosis Industry Survey:

Treatment:

  • Medication
  • Stem Cell Therapy
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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 Drug-Induced Dyskinesia Industry is anticipated to flourish, with FMI forecasting a substantial growth trajectory towards US$ 620.2 Million by 2033

Future Market Insights, a leading player in the pharmaceutical industry, anticipates substantial growth in the global drug-induced dyskinesia industry based on recent industry trends and market analysis. The global drug-induced dyskinesia industry, valued at US$ 382 Million in 2022, is expected to reach US$ 399.8 Million by 2023, showcasing a promising trajectory. Further projections indicate a steady Compound Annual Growth Rate (CAGR) of 4.25% from 2023 to 2033, ultimately reaching a valuation of US$ 620.2 Million by the end of 2033.

The growth of the global drug-induced dyskinesia industry can be attributed to several factors. A surge in demand is driven by the escalating prevalence of drug-induced dyskinesia, primarily associated with an increased incidence of neurologic disorders such as schizophrenia, bipolar disorder, and Alzheimer’s disease. Future Market Insights recognizes the pressing need for advanced therapies to address these disorders, prompting substantial R&D efforts and a robust product pipeline.

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In addition to the rising prevalence of neurologic disorders, increasing consumer awareness, a desire for more potent therapies, and technological advancements have contributed significantly to the expansion of the drug-induced dyskinesia market. The industry’s growth is further fueled by innovations in treatment methodologies, creating a conducive environment for the development and introduction of novel and effective therapeutic solutions.

Future Market Insights is committed to playing a pivotal role in meeting the evolving demands of the global drug-induced dyskinesia market. With a focus on innovation, quality, and patient-centric solutions, Future Market Insights aims to contribute to the advancement of therapeutic options for individuals affected by neurologic disorders.

As we navigate through the projected period of 2023-2033, Future Market Insights remains dedicated to its mission of improving global health outcomes. The anticipated growth in the drug-induced dyskinesia market aligns with our commitment to innovation and underscores the importance of addressing the unmet needs of patients worldwide.

Key Takeaways from the Market Study:

  • The global drug-induced dyskinesia industry is currently worth more than US$ 382 Million.
  • In 2023, the VMAT 2 segment by drug class is expected to take the dominant market share of 46%.
  • In 2023, considering the end-user type, the hospitals segment is predicted to gain a 32% market share.
  • The North American market for drug-induced dyskinesia is predicted to grow with a steady CAGR of 4.3% from 2023-2033.
  • The APAC for drug-induced dyskinesia is expected to grow with a steady CAGR of 3.5% during 2023-2033.

“During the next ten years, the market for drug-induced dyskinesia will grow robustly owing to increasing neuroleptic patients and rising elderly population.” comments a Future Market Insights analyst.

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Competitive Landscape:

  • Teva Pharmaceuticals
  • Neurocrine Bioscience
  • Sun Pharmaceutical Industries Ltd
  • SteriMax Inc.
  • Lannett Co Inc
  • Adamas Pharmaceuticals, Inc
  • Sanis
  • AbbVie Inc.
  • Dystonia Medical Research Foundation
  • Pharos: Illuminating the Druggable Genome

Some Notable Advancements In The Global Market For Drug-Induced Dyskinesia Are:

At the American Mental Association Annual Meeting in May 2022, Neurocrine Biosciences presented different INGREZZA (valbenazine) findings on drug-induced dyskinesia improvements and stabilization of psychiatric symptoms.

The study discovered that long-term (48-week) care with once-daily INGREZZA (40 mg or 80 mg) led to significant clinician-rated as well as self-rated global advancements of drug-induced dyskinesia symptoms while maintaining psychiatric symptom consistency, regardless of the patient’s primary psychological condition.

In March 2022, Neurocrine Bioscience and Mitsubishi Tanabe Pharma Corporation shared the news that DYSVAL (Valbenazine), a medication used to treat drug-induced dyskinesia, has been given regulatory clearance in Japan.

According to their agreement, Neurocrine Biosciences will be entitled to royalty payments at scaled percentages on MTPC’s prospective net sales of valbenazine in Japan as well as other specified Asian markets. Mitsubishi Tanabe Pharma Corporation will be liable for all costs associated with the development, manufacturing, and commercialization of valbenazine.

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Key Segments Covered In The Drug-induced dyskinesia industry Report:

Drug-induced dyskinesia industry By Drug Class:

  • Dopamine-Depleting Medications
  • Vmat2 Inhibitors
  • Gaba Receptor Agonist Medications
  • Anticholinergic Medications

Drug-induced dyskinesia industry By End User:

  • Hospitals
  • Clinics
  • Others

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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 Non-Small Cell Lung Cancer Industry is expected to reach US$ 20 Billion by 2033, Says Recent Study FMI

A recently published study by Future Market Insights sheds light on the anticipated growth of the global non-small cell lung cancer industry. The study projects a Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2033, culminating in a market valuation of US$ 20 Billion by the end of the assessment period.

The non-small cell lung cancer industry witnessed significant expansion in recent years, recording a robust CAGR of 6.7% and reaching a value of US$ 10 Billion. This growth is attributed to various factors, including the rising incidence of cancer cases globally and an increase in patient awareness about their health.

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Non-small cell lung cancer, a prevalent form of lung cancer, poses a substantial threat to public health, compromising the lungs’ ability to supply oxygen to the blood. Accounting for 80-85% of all lung cancer cases worldwide, non-small cell lung cancer is linked to factors such as passive and active smoking, consumption of polluted water, and exposure to air pollution.

The study highlights that the expansion of the non-small cell lung cancer industry is not only indicative of the growing prevalence of the disease but also underscores the importance of advancements in medical treatments. Several treatment modalities, including immunotherapy and targeted therapy, offer promising avenues for managing non-small cell lung cancer.

As the global community grapples with the escalating challenges posed by non-small cell lung cancer, stakeholders in the healthcare industry are urged to prioritize research, innovation, and collaborative efforts to develop effective interventions. The study’s findings emphasize the need for continued investment in healthcare infrastructure and awareness campaigns to address the root causes of non-small cell lung cancer and improve patient outcomes.

Key Takeaways from the Market Study:

  • FMI projects the global non-small cell lung cancer market to expand at a 7.2% value CAGR by 2033
  • The global non-small cell lung cancer market is estimated at a market value of US$ 10 Billion
  • The global non-small cell lung cancer market is expected to garner a market value of US$ 20 Billion
  • North America is forecast to be the most lucrative for non-small cell lung cancer market growth.
  • As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.7% during the assessment period 2023-2033.
  • Europe is expected to grow at a CAGR of 7% during the assessment period 2023-2033.
  • The chemotherapy segment is expected to hold the largest market share for non-small cell lung cancer in the forecast period 2023-2033.

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“Rising investment in research & development efforts by the key players will fuel market expansion even more,” says an analyst at FMI

Market Competition:

  • F. Hoffmann-La Roche Ltd.
  • Bristol-Myers Squibb Company
  • Pfizer Inc.
  • AstraZeneca
  • Novartis AG
  • Eli Lilly and Company
  • Merck & Co., Inc.
  • Boehringer Ingelheim International GmbH
  • Sanofi
  • Astellas Pharma Inc.

Recent Developments:

  • In December 2022, Pluvicto®, a targeted radioligand treatment, has been authorised by the European Commission (EC), according to Novartis. Pluvicto® is licensed for the treatment of adult patients with prostate-specific membrane antigen (PSMA)-positive metastatic castration-resistant prostate cancer in conjunction with androgen deprivation therapy (ADT) with or without androgen receptor (AR) pathway inhibition (mCRPC). AR pathway inhibitor and taxane-based chemotherapy were used to treat these individuals.

Key Segments Profiled in the Non-Small Cell Lung Cancer Industry Survey:

Non-Small Cell Lung Cancer Market by Cancer Type:

  • Squamous Cell Carcinoma
  • Adenocarcinoma
  • Large-cell Carcinoma

Non-Small Cell Lung Cancer Market by Treatment:

  • Chemotherapy
  • Targeted Therapy
  • Immunotherapy

Non-Small Cell Lung Cancer Market by Region:

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

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Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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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Power Over Ethernet (PoE) Controllers Market Surges, Expected to Reach US$ 461.4 Million by 2033 with a 4.5% CAGR Momentum

The power over ethernet (PoE) controllers market is projected to grow steadily at an annual rate of 4.5% from 2023 to 2033. During this period, the PoE controllers market is expected to expand in size, increasing from US$ 296.1 million in 2023 to US$ 461.4 million in 2033.

Enabling systems to transfer power and data safely to remote devices has necessitated the need to adopt Power over Ethernet (PoE) controllers. In an Ethernet network, PoE controllers perform the function of safe data and power transference through standard data cables. 

An exclusive report by Future Market Insights reveals how the growing demand for such functions in IT-enabled business environments across the globe will fuel the expansion of the global power over Ethernet controllers market. The report analyses a range of factors that will exhibit a governing influence on the growth of power over Ethernet controller sales. 

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From the rising use of Ethernet devices to the increasing adoption of centralized power management, several factors driving the demand for power over Ethernet controllers have been analyzed in the report. 

The report serves as a credible business document that provides a research study on how the global market for power over Ethernet controllers will expand during the assessment period, 2017-2027. Key findings from the report are aimed at enabling developers and manufacturers of power over Ethernet controllers to improve the features of their device offerings and tap the unexplored opportunities for business growth. 

Leading manufacturers of power over Ethernet controllers across the globe have been profiled in this report. Revenues accrued by these companies from sales of PoE controller devices have aggregated for the past years, creating a historical baseline on the expansion of the global power over the Ethernet controllers market to date. The report has infused qualitative information and quantitative data for developing accurate market size estimations. 

Key Highlights of the Report:

  • The report consists of first-hand information derived from authentic databases and confidential interviews with industry leaders and market participants. The global power over the Ethernet controllers market and its value chain has been elaborately analyzed to understand the underlying trends, macroeconomics, and governing factors. 
  • Market attractiveness of segments is a key feature of the report and allows the companies availing this study to change their business outlook for capturing future demands for power over Ethernet controllers. 
  • A detailed overview of the semiconductor and electronics industry is also provided in the report. The study has also analyzed the costing structure, product pricing, and raw material sourcing strategies being widely exercised by market participants. The presence of the players across several regions has been illustrated through an intensity map. 
  • The study also reveals the current market standings of key players, providing a competitive landscape that reveals the strategic developments of market leaders as well as niche players. 

Power over Ethernet Controllers: Market Taxonomy 

The global market for power over Ethernet controllers has been segmented on the basis of the type of controllers, their application, and region. The geographical breakdown of the global power over the Ethernet controllers market provides market size estimations on North America, Latin America, Asia-Pacific excluding Japan, Europe, and Middle East, and Africa. 

The global power over Ethernet controllers market has been split into powered devices controllers and power sourcing equipment controllers. These devices are finding applications in building management, retail, alarm systems, hospitality, industrial automation, network security cameras, healthcare, voice & voice IP phones, and enterprise IT. 

Key Players:

  • Cisco
  • COMMSCOPE
  • euromicron AG
  • Kinetic Technologies
  • Dell
  • Monolithic Power Systems, Inc.
  • Huawei Technologies Co.
  • Broadcom
  • Microchip Technology Inc.

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Scope of the Report 

The report has been developed by employing proven and reliable research methodologies. Analysts who have compiled the report have catered to all the underlying concerns of manufacturers of power over Ethernet controllers. 

The report reveals the most lucrative and least attractive avenues for business growth, enabling market players to make informed decisions toward future market direction. 

Strategies can be developed by referring to the inferences provided in the report. Due to the competent knowledge provided through this study, a power-over-Ethernet controller manufacturer can avoid extending their spending on in-house research. 

The scope of the report is to enable these companies to assess the most advantageous technologies in the production of power over Ethernet controllers and tap new opportunities for increasing their application in the global market. 

Key Segments Profiled in the Power over Ethernet (PoE) Controllers Market Survey

By Type:

  • Powered Devices Controllers
  • Power Sourcing Equipment Controllers

By Application:

  • Building Management
  • Retail
  • Alarm Systems
  • Hospitality
  • Industrial Automation
  • Network Security Cameras
  • Healthcare
  • Voice & Voice IP Phones
  • Enterprise IT

By Region:

  • North America
  • Latin America
  • Asia-Pacific excluding Japan
  • Europe
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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 Ultrasonic Electrosurgical Devices Industry Set to Surge, Reaching US$ 8 Billion by 2032 with a growth rate of 6.1%, According to Future Market Insights

According to the global ultrasonic electrosurgical devices industry demand analysis report published by Future Market Insights, the industry is estimated to be valued at US$ 4.5 billion in 2022 and is expected to experience a robust CAGR of 6.1% during the forecast period. The market is poised to achieve a staggering valuation of US$ 8 billion by 2032, showcasing remarkable growth opportunities within the sector.

Ultrasonic electrosurgery devices are used to cut and coagulate tissues during surgery. They work by producing high-frequency sound waves that disrupt the cell membrane and cause tissue to coagulate. Ultrasonic electrosurgery devices are less invasive than traditional surgical methods, such as scalpel and electrocautery, and offer a number of advantages, including:

  • Reduced bleeding
  • Less tissue damage
  • Faster healing times
  • Less pain and discomfort for patients

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Ultrasonic electrosurgery devices are widely used in a variety of surgical procedures, including:

  • General surgery
  • Gynecology
  • Urology
  • Cardiothoracic surgery
  • Neurosurgery
  • Orthopedic surgery

The growing demand for minimally invasive surgeries is one of the key factors driving the growth of the ultrasonic electrosurgery devices market. Minimally invasive surgeries are associated with a number of benefits, such as shorter hospital stays, less pain, and faster recovery times. Ultrasonic electrosurgery devices are ideally suited for minimally invasive surgeries, as they offer precise and controlled tissue cutting and coagulation.

Another key factor driving the growth of the ultrasonic electrosurgery devices market is the increasing prevalence of chronic diseases, such as cancer and heart disease. These diseases often require multiple surgical procedures, which is increasing the demand for ultrasonic electrosurgery devices.

The North American region accounted for the largest share of the global ultrasonic electrosurgery devices market in 2022. This is due to the presence of a large number of hospitals and surgical centers in the region, as well as the high prevalence of chronic diseases. The Asia Pacific region is expected to be the fastest-growing market for ultrasonic electrosurgery devices during the forecast period. This is due to the increasing population and the growing prevalence of chronic diseases in the region.

These companies are offering a wide range of ultrasonic electrosurgery devices, such as harmonic scalpels, ultrasonic shears, and ultrasonic aspirators. They are also developing new and innovative ultrasonic electrosurgery devices to meet the growing needs of surgeons and patients.

Overall, the ultrasonic electrosurgery devices market is expected to witness significant growth in the coming years. This is due to a number of factors, including the increasing demand for minimally invasive surgeries, the growing prevalence of chronic diseases, and the technological advancements in ultrasonic electrosurgery devices.

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Here are some of the trends that are expected to shape the ultrasonic electrosurgery devices market in the coming years:

  • Increasing adoption of single-use ultrasonic electrosurgery devices: Single-use ultrasonic electrosurgery devices are becoming increasingly popular due to the reduced risk of cross-contamination.
  • Development of new and innovative ultrasonic electrosurgery devices: Manufacturers are developing new and innovative ultrasonic electrosurgery devices with improved features and functionality. For example, some manufacturers are developing ultrasonic electrosurgery devices with integrated imaging capabilities.
  • Growing demand for ultrasonic electrosurgery devices in emerging markets: The demand for ultrasonic electrosurgery devices is growing in emerging markets, such as China and India. This is due to the increasing population and the growing prevalence of chronic diseases in these markets.

The ultrasonic electrosurgery devices market is a growing market with a lot of potential. The increasing demand for minimally invasive surgeries, the growing prevalence of chronic diseases, and the technological advancements in ultrasonic electrosurgery devices are some of the key factors that are expected to drive the growth of this market in the coming years.

Key Companies Profiled:

  • Ethicon – Endo-Surgery
  • Olympus Corporation
  • Medtronic
  • Misonix Inc.
  • BOWA-electronic GmbH
  • Söring GmbH
  • Advanced Instrumentations
  • Reach Surgical
  • ITALIA MEDICA SRL
  • SonaCare Medical
  • Miconvey

The recent developments in the Global Ultrasonic Electrosurgical Devices Market are as follows:

  • In October 2021, Bioventus Inc acquired Mixonix, a minimally invasive therapeutic ultrasonic medical devices provider. This partnership will scale the current product portfolio of Misonix to bring next-generation products.
  • In January 2021, SonaCare Medical announces its strategic partnership with Mayo Clinic for launching its first Sonablate HIFU Center of Excellence.

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Market Segments Covered in Ultrasonic Electrosurgical Devices Market Analysis:

By Product Type:

  • Generators
  • Consumables

By Type:

  • High-intensity Focused Ultrasonic (HIFU) Ablators
  • Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
  • Ultrasonic Surgical Ablation Systems
  • Shock Wave Therapy Systems

By Application:

  • Cardiology
  • Gynecology
  • General Surgery
  • Urology
  • Bariatric Surgery
  • Other Applications

By End-use:

  • Hospitals
  • Ambulatory Surgery Centers
  • Other End-uses

By Region type:

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

Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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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Power Inverter Market Sees Robust Growth: Targets US$ 137.3 Billion with 5.8% CAGR by 2033

The global power inverter market had a value of approximately US$ 74.7 billion in 2022, and it is projected to reach around US$ 77.9 billion in 2023. According to forecasts by FMI, the market is expected to grow at a steady rate of 5.8% annually from 2023 to 2033. If this growth continues as anticipated, the total value of power inverters sold worldwide in 2033 is predicted to be approximately US$ 137.3 billion.

This growth can be attributed to several factors, including the increasing demand for electricity and a growing gap between the demand for electricity and its supply. These factors are expected to drive higher sales of power inverters in the coming years.

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Global demand for effective power management systems is being fueled by rising energy demand, which is being exacerbated by urbanization and industrialization. Furthermore, the growing interest in unconventional energy sources such as solar and wind has increased the demand for Power Inverters.

Key Takeaways from the Power Inverter Market Report:

  • Currently, the market is dominating in North America and Europe, with global shares of 26.5% and 23.4% in 2022, respectively. Meanwhile, the business is thriving in Asia and other regions, with demand fluctuating according on regional energy needs and governmental efforts.
  • Among the countries, the United States alone provided roughly 18.4% of worldwide income in 2022.
  • Germany is the top manufacturer and provider of Power Inverters in Europe, with a 10.4% global market share in 2022.
  • China is the largest producer of Power Inverters in the Asia Pacific area, with a CAGR of 4.3% expected. Surprisingly, India is expected to have a higher CAGR of 8.5% throughout this time period.

By conforming to industry norms, emerging market participants highlight the market’s potential and the lucrative opportunities it provides. New market participants are investing in R&D to meet changing customer expectations, achieve sustainability goals, and enter the market.

Competitive Landscape:

With the increase in the demand for electricity, the leading players are mainly focusing on increasing production capacity. By doing so, these firms may be able to serve the growth of the renewable sector and also further strengthen their operations.

  • In July 2022, SMA solar technologies announced the ‘Grid Control 2.0’ research project, which mainly laid emphasis on grid-forming inverters to ensure stable grid operations.
  • In June 2022, Schneider Electric launched New Research and Innovations to prepare IT infrastructure for Net Zero Operations.

Leading Key Players:

  • Omron Automation PVT Ltd
  • TMEIC
  • Tabuchi Electric Co., LTD.
  • SMA Solar Technology
  • Schneider Electric SE
  • ABB Ltd.
  • Samlex America Inc.
  • Enphase Energy Inc.
  • Thor Manufactures
  • PowerBright

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Power Inverter Market Segmentation:

By Type:

  • Less than 5 KW
  • 5 to 95 KW
  • 100 to 495 KW
  • More than 500 KW

By Application:

  • Solar PV
  • Motor drives
  • EVs/HEVs
  • Rail traction
  • UPS
  • Wind Turbines
  • Others

By End-use sector:

  • Utility
  • Residential
  • Commercial
  • Industrial

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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