Market Research Blog – Page 3948 – New Product Development

Transformative Trends in the Therapeutic Robots Sector 2022 to 2032 | Future Market Insights,Inc.

The market for Therapeutic Robots Market is anticipated to grow at a CAGR of 22.1% from 2022 to 2032, rising from US$ 529.8 million in 2022 to US$ 3901.83 million in 2032.

This Therapeutic Robots market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Therapeutic Robots market.

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Therapeutic Robots: Introduction

Therapeutic robots are a type of rehabilitation robot used as a recovery therapy for individuals suffering from various mental and physical health disorders. These robots usually replace human-applied therapies with robotic-based therapies. Therapeutic robots also called emotional robots or robotic pets, have recently been introduced as companions for people with cognitive impairment or/and physical problems. Therapeutic robots have shown great promise in uses in autism, mood disorders, in-home care, and Alzheimer’s treatment. The momentous shift from conventional technologies for people with disabilities, towards robotic therapy, which helps to effectively and efficiently support an individual’s recovery, is projected to drive the growth for the therapeutic robots market in the coming years.

Therapeutic Robots Market: Dynamics

With the growing aging population across the globe especially in countries including Japan, Italy, Germany, Singapore, the UK, the US, and Canada, the demand for therapeutic robots is expected to subsequently increase in the coming years for emotional support.

The rise in instances of cerebral vascular accident (stroke) in the aged population, increases the demand for deployment of rehabilitation technologies such as therapeutic robotics to assist in the recovery process as well as to provide mental & physical support. Moreover, the robust increase in the number of rehabilitation centers coupled with the continuous evolution of robotic technology is likely to boost the growth for the therapeutic robots market over the forecast period.

Additionally, the developed regions that have the high disposable income of individuals and the growing awareness about the utilization of robots for stress-related issues is one of the key factor that will increase the adoption of therapeutic robots. Furthermore, not only does therapeutic robots simplify the work of a human therapist, but it also helps to reduce the cost of treatment while helping the patients to deal with the social environment. As therapeutic robots become more versatile, affordable, and sophisticated with time, they are more likely to be seen in treatment settings. These factors are projected to create significant demand for therapeutic robots in the worldwide market.

Therapeutic Robots: Regional Market Outlook

The upsurge in the adoption of innovative automated technologies in the healthcare sector, satisfactory reimbursement policies, and relatively higher per capita expenditure on healthcare, is expected to create lucrative growth opportunities, especially in developed regions such as North America and Europe. In the U.S., manufacturers of therapeutic robots are increasingly focusing on developing advanced emotional therapy robots to cure neurological disorders such as autism and dementia. For instance, recently, in 2019, Bionik Laboratories Corp. has launched InMotion arm/hand robotic system for treatment of mobility impairments due to neurological conditions and clinical rehabilitation of stroke survivors.

Similarly, PARO, a companion robot, developed by Japan’s National Institute of Advanced Industrial Science and Technology, has been designed for the recovery of patients suffering from Alzheimer’s, dementia and other cognitive disorders. Moreover, regions such as East Asia and South Asia are also estimated to witness a significant growth owing to growing awareness about conditions such as Dementia, Alzheimer’s, and Cerebral Palsy, which has actively driven the demand for therapeutic robots in these regions.

Therapeutic Robots: Market Key Players

Some of the prominent market participants in the global therapeutic robots market include the following players:

PARO Robots
SoftBank Robotics
AnthroTronix, Inc.
BeatBots LLC
Omron Corporation
Sony Corporation
Bionik Laboratories Corp.
Instead Technologies Ltd.
Ekso Bionics Holdings Inc.
AlterG, Inc.

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Key Segments Profiled in Therapeutic Robots Market

By Product Type:

Humanoid
Pets

By Type of Disorder:

Autism
Dementia
Cerebral Palsy
Post-traumatic stress
Anxiety and Phobias

By End Use:

Hospitals
Healthcare centers
Rehabilitation centers
Old-Age homes

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 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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Spreading the Health Exploring the Growth and Trends of the Global Spreadable Fats Market in 2023-2033 | FMI

Over the forecast period (2023 to 2033), the spreadable fats market is expected to grow at a pace of 7% compound annual growth (CAGR). Sales in the industry are expected to increase from US$ 17,637.80 million in 2023 to US$ 28,730.12 million by 2033. Solid fats that retain between 10% and 80% of their original thickness at 20 °C are known as spreadable fats.

The size of the worldwide spreader fats market is anticipated to reach US$ 28,730.12 million in 2033, according to Future Market Insights. Furthermore, between 2023 and 2033, spreadable fat sales are expected to increase at a compound annual growth rate of 7.0% due to the growing consumption of high-nutrient items like cheese and butter.

Because they have so many health benefits, spreadable fats have become more and more popular in recent years. Spreadable fats can be spread even when they are solid at room temperature. They include things like butter, margarine, dairy spreads, and other fats. They are becoming increasingly used in both households and food processing establishments.

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Some of the major reasons anticipated to propel the global spreadable fats market forward throughout the forecast period include rising global population, rising income levels, changing lifestyles, and growing inclination for high-nutrient food products.

Similarly, growing popularity of plant-based products, increasing consumption of spreadable fats across quick service restaurants, and continuous new product launches by companies will boost the market over the next ten years.

Leading companies have well-established supply chains and strong relationships with customers. They are also vertically integrated, meaning they control all aspects of production from raw materials to packaging. They are using various tactics including advertisements. celebrity endorsements, and use of sustainable packaging to increase their sales.

Key Takeaways from the Spreadable Fats Market Study:

By product type, demand is expected to remain high for butter during the forecast period.
Based on source, the plant segment will grow at a higher CAGR owing to the rising trend of veganism globally.
In terms of sales channel, online segment is likely to generate the highest revenues over the next ten years.
North American spreadable fats market is expected to hold more than 38% share of the global spreadable fats market by the end of 2033.
Asia pacific region is predicted to emerge as the most lucrative spreadable fats market during the forthcoming decade.
Demand for spreadable products across China is set to increase at a robust pace between 2023 and 2033.

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Who is Winning?

Key players in the global spreadable fats market include Cargill Inc., Hindustan Unilever, Wilmar International Limited, Associated British foods plc, ADM (Archer Daniels Midland Company, Bunge Limited, and Amul (India).

Majority of the spreadable fat manufacturers are introducing new products with eco-friendly packaging to expand their customer base. Further, they are adopting strategies such as partnerships, mergers, acquisitions, facility expansions, and strengthening distribution channels to stay ahead of the competition.

Spreadable Fats Market by Category

By Product:

Butter
Cheese
Cream
Plant Derived Spreads
Others

By Source:

Plant
- Soya Milk
- Peanut
- Hazelnut
Animal
- Cow Milk
- Camel Milk
- Goat Milk
- Buffalo Milk

By End User:

Commercial
Domestic purpose

By Distribution:

Hypermart /Super Mart
Convenience Stores
Online Stores
Others

By Region:

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

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Get Valuable Insights into Spreadable Fats Market

FMI, in its new offering, provides an unbiased analysis of the spreadable fats market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for spreadable fats based on product (butter, cheese, cream, plant derived spreads, and others), source (plant (soya milk, peanut, hazelnut), animal (cow milk, camel milk, goat milk, buffalo milk, and others), distribution channel (supermarkets & hypermarkets, convenience stores, online stores, and others), and End user (commercial, domestic purpose), across seven regions.

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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The Metamorphosis of Metal Fabrication through Bending Machines | Future Market Insights,Inc.

During the projected period, the automated bending machine market is anticipated to register a robust CAGR of 4.5%. The automated bending machine market is expected to grow to US$ 3.37 Billion by 2032 from its present value of US$ 2.17 Billion in 2022.

In an era defined by technological strides, the Automated Bending Machine Market stands poised at the forefront of industrial evolution. A symphony of precision and automation, this market is set to redefine manufacturing paradigms on a global scale.

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Driving Forces Paving the Path to Success:

Undoubtedly, the catalysts igniting this market’s meteoric rise are multifaceted. The surge in demand for enhanced productivity, unerring accuracy, and seamless operational efficiency has become the rallying cry for industries worldwide. In this landscape, the Automated Bending Machine emerges as a beacon of innovation, answering the industry’s fervent call.

This burgeoning market’s forward march is orchestrated by its ability to streamline complex production processes with unmatched finesse. The promise of reduced human intervention amplified throughput and minimized errors has become the siren song captivating businesses across sectors. From automotive to aerospace, from electronics to construction, the Automated Bending Machine is asserting its indispensability in reshaping manufacturing landscapes.

Moreover, the march towards sustainability is a pivotal paradigm driving this market’s expansion. With a keen eye on reducing material wastage and optimizing resource utilization, industries are increasingly turning to these automated marvels. Their ability to create intricate designs and geometries with minimal material loss resonates harmoniously with the ethos of eco-friendly production.

Key companies profiled:

TRUMPF,
Euromac,
AMOB,
Pines Engineering
H&H Tooling,
SOCO Machinery and others.

Unveiling Challenges:

However, in every journey toward greatness, obstacles present themselves. The Automated Bending Machine Market, while teeming with potential, is not without its challenges. One such challenge is the initial investment required for implementation. The capital-intensive nature of these machines can pose a barrier for small and medium enterprises aspiring to harness their benefits. Striking a balance between upfront costs and long-term gains remains a critical consideration.

Furthermore, the complexity of integrating automated bending machines into existing production lines can’t be overlooked. Customization, synchronization, and operator training become essential pieces of the puzzle, demanding careful orchestration. Adapting to this technological transformation can necessitate organizational realignments that may encounter resistance within established workflows.

In this dynamic dance between innovation and practicality, the Automated Bending Machine Market’s trajectory is charted. With driving forces compelling businesses to innovate and challenges beckoning them to adapt, this market is poised for exponential growth. As industries seek the perfect equilibrium between efficiency, accuracy, and sustainability, the Automated Bending Machine stands as a testament to human ingenuity and industrial progress.

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About Future Market Insights (FMI)

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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The Dairy-Free Trend A Deep Dive into the Growing Lactose-Free Cheese Market and Consumer Shifts Towards Plant-Based Alternatives

According to FMI, the global lactose-free cheese market size is anticipated to reach a US$ 676.3 million valuation by the end of 2022. The market is anticipated to grow between 2022 and 2032 at a CAGR of 8.4%. In 2032, its estimated worth will be US$ 1,515.1 million.

According to FMI, 28% of individuals globally had a dairy sensitivity or allergy in 2020, and roughly 35% were lactose intolerant. We anticipate a rapid increase in these statistics over the course of the study. Furthermore, it is predicted that consumers will favour plant-based foods—such as plant-based protein—over dairy and lactose-containing goods. This has led to an increase in the demand for and consumption of lactose-free cheese worldwide.

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The treatment of animals is viewed differently in various cultures around the world, including scientific, naturalistic, and moralistic viewpoints. Concerns regarding animal welfare are related to ethical attitudes, but to some extent, humanistic attitudes towards companion animals would also take animal welfare into consideration. As was already indicated, these worries are anticipated to encourage a preference for vegan goods. As a result, different cultures are fueling market expansion for vegan and lactose-free cheese as a whole.

Key Takeaways from Lactose-free Cheese Market Study
• North America lactose-free cheese industry is expected to register 6.8% CAGR between 2022 and 2032.
• Japan lactose-free cheese industry is estimated to grow at 8.6% CAGR between 2022 and 2032.
• India lactose-free cheese industry is projected to exhibit growth at 9.7% CAGR between 2022 and 2032.
• Top 3 countries in the global lactose-free cheese industry are projected to together account for nearly 33.8% of share by 2032.
• During the historical period of 2016 to 2021, the global lactose-free cheese industry exhibited a steady growth at a CAGR of 7.0%.

“For lactose intolerant people, it is nowadays not necessary to completely avoid the indulgence and nutritional value of dairy products. It is further altering the environment for dairy producers across the globe, as they are trying to keep up with changing consumer views. They are further investing in the development of innovative products to cater to the surging demand, which would push the global lactose-free cheese market,” says a lead analyst at FMI.
Key Lactose-free Cheese Manufactures Are Adopting Business to Consumer Models

The importance of business-to-consumer (B2C) models is increasing at a rapid pace in the food and beverage industry, which would further allow producers to get exclusive insights into consumer behavior. When implemented well, this model allows for higher margins to producers. Additionally, growth in B2C has been driven by the fact that buyers are demanding a better experience and customized service.

The B2C model would allow companies to build a direct relationship with the consumer that would not be otherwise possible through other distribution channels. The specialty stores and online retailing segment are helping manufacturers to identify various new upcoming trends and improvise the product according to the consumers’ demand.

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Competitive Landscape: Lactose-free Cheese Market

Some of the leading companies offering lactose-free cheese are Alpro UK Ltd., Amy’s Kitchen, Inc., Arla Foods Amba, Barry Callebaut AG, Cargill, Inc., Chr. Hansen Holdings A/S, Daiya Foods, Inc., Dean Foods Company, Edlong Dairy Technologies, Emmi AG, Fonterra Co-operative Group Ltd., Galaxy Nutritional Foods, Inc., General Mills, Inc., Green Valley Organics, HP Hood LLC, Land O’Lakes, Inc., Murray Goulburn Co-operative Co. Limited (Devondale Murray Goulburn), Tine AS, WhiteWave Foods Company, and others.

Get More Valuable Insights on Lactose-free Cheese Market

Future Market Insights, in its new offering, provides an unbiased analysis of the lactose-free cheese industry presenting historical demand data (2016-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the lactose-free cheese market based on product type (blue cheese, brick cheese, camembert cheese, cheddar cheese, cottage cheese, cream cheese, mozzarella cheese, Romano cheese, Swiss cheese), form (cheese blocks, triangle, rectangle, circle, square, cheese slice, cheese spread, and cheese spray), and distribution channel (B2B and B2C [hypermarkets/supermarkets, convenience stores, specialty stores, traditional groceries, and online retailers]) across seven major regions.

Lactose-free Cheese Market Outlook by Category

By Product Type:

Blue Cheese
Brick Cheese
Camembert Cheese
Cheddar Cheese
Cottage Cheese
Cream Cheese
Mozzarella Cheese
Romano Cheese
Swiss Cheese

By Form:

Cheese Blocks
Triangle
Rectangle
Circle
Square
Cheese Slice
Cheese Spread
Cheese Spray

By Distribution Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Traditional Groceries
- Online Retailers

By Region:

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

The Insights into the Cheese Market: Consult Our Analysts for a Detailed Examination of Cheese Types, Distribution Routes, and Regional Patterns :
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Frequently Asked Questions

How big is the lactose-free cheese market?
What is the North America lactose-free cheese industry outlook?
At what rate will the lactose-free cheese industry grow in Europe?
At what rate will the lactose-free cheese industry grow in Japan?
At what rate will the lactose-free cheese industry grow in India?

About Future Market Insights (FMI)

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

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Global Microcatheter Industry is poised to attain a US$ 3 billion valuation by 2033, according to FMI’s predictions

The global microcatheters industry demand is poised for substantial growth, with estimations projecting a remarkable surge from its current valuation of US$ 2.1 billion to an anticipated US$ 3 billion by 2033. This forecast underscores the burgeoning opportunities within the microcatheters landscape, fueled by an anticipated average Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2033.

Market analysts have highlighted several factors driving this upward trajectory, including technological advancements in healthcare, an increasing preference for minimally invasive procedures, and the expanding applications of microcatheters across diverse medical fields. These miniature catheters have demonstrated significant efficacy in delivering treatments to targeted areas, thereby enhancing patient outcomes while minimizing invasive procedures’ impact.

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Minimally invasive procedures are becoming increasingly popular among patients and clinicians due to their many advantages. Microcatheters play a vital role in many minimally invasive procedures.

The global microcatheter market is being driven by a rise in government initiatives to promote better facilities, an increase in strategic collaborations, mergers and acquisitions, a strong product pipeline, and increased microcatheter applications. Nevertheless, the growth of the global microcatheter market is restrained by stringent regulatory requirements and product recalls.

Microcatheters are increasingly utilized in new therapeutic areas, such as neurovascular intervention and oncology. For instance, in neurovascular intervention, microcatheters deliver stents and coils to treat brain aneurysms and other cardiovascular disorders. In oncology, microcatheters are used to provide embolic materials to block blood flow to tumors.

The demand for microcatheters in surgical procedures is being limited due to the increasing awareness of the potential health hazards they pose. Microcatheters are intricate and high-risk due to their small dimensions, making surgical procedures difficult. They are often used in targeted interventions for delicate anatomical structures like blood vessels in the brain or coronary arteries, requiring a high level of precision, which only skilled healthcare professionals possess. The need for experienced professionals in developing and underdeveloped economies is a significant factor that hinders the development of the industry. Additionally, there is an increased risk of accidental dislodgment during surgical interventions, especially when delivering crucial treatments or devices to specific parts of the body.

Market players are heavily investing in developing new and innovative microcatheter products. These new products are designed to improve maneuverability, control, and navigation through complex vasculature.

“The demand for microcatheters is expected to rise due to the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in microcatheter design and development.” – comments an FMI analyst.

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Key Takeaways from the Microcatheter Market:

The global microcatheter market is estimated to register a CAGR of 3.6% with a valuation of US$ 3.0 billion by 2033.
The market captured a CAGR of 3.4% in the historical period between 2018 and 2022.
Japan is anticipated to dominate the global market by registering a 5.0% CAGR during the forecast period.
With a 4.3% CAGR, the United Kingdom is driving the global market by 2033.
China is anticipated to secure a CAGR of 4.2% in the global market during the forecast period.
The United States microcatheter market holds a global market share of 3.8% in 2033.
As per the research, South Korea acquired a value share of 2.1% in the global microcatheter market in 2033.

Key Strategies:

Key players in the microcatheter market are investing in research and development to increase their product lines and promote growth. To expand their presence, companies engage in strategic activities like agreements, mergers, and collaborations. One crucial tactic employed by manufacturers is cost-effective production, including local manufacturing. The use of microcatheters offers significant medical benefits, and investment in research and development can improve quality and performance. To remain competitive, manufacturers must prioritize cost-effective solutions.

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Recent Developments in the Microcatheter Market:

Merit Medical launched its new Maestro Microcatheter Line in October 2023. The product line includes a longer length for radial embolization procedures, complementing Merit’s radial-first legacy.
In Oct 2023, Johns Hopkins University and the University of Maryland developed a soft robotic tool for brain surgeries that enhances surgeons’ maneuverability and streamlines the process.
Acotec Scientific Holdings Ltd. received approval for marketing its Vericor-14 microcatheter in China in May 2023.

Key Companies in the Microcatheter Market:

Cook Group Incorporated
Medtronic Plc
Merit Medical Systems, Inc
Stryker Corporation
Terumo Corporation
Boston Scientific Corporation
Acotec Scientific Holdings Ltd
Penumbra Inc
Teleflex Inc
Asahi Intecc Co., Ltd

Market Segmentation

By Product Type:

Delivery Microcatheters
Aspiration Microcatheters
Diagnostic Microcatheters
Steerable Microcatheters

By End User:

Hospitals
Surgical Centers
Specialty Clinics
Ambulatory Surgical Centers

By Application:

Cardiovascular
Neurovascular
Peripheral Vascular
Oncological
Urological
Otolaryngological
Other Application

By Cancer Type:

Liver Cancer
Kidney Cancer
Lung Cancer
Bone Cancer
Other Cancer

By Product Design:

Single-Lumen Microcatheters
Dual-Lumen Microcatheters

By Region:

North America
Europe
Asia Pacific
Latin America
The 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.

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Nandini Singh Sawlani

Digging Deeper: A Comprehensive Exploration of the Underground Mining Automation Landscape Over the Next Decade

The global Underground Mining Automation market is anticipated to reach US$ 1,418.6 million in 2022 and expand at a CAGR of 5.9% from 2022 to 2032, according to Future Market Insights. The usage of automation solutions in underground mining has expanded due to the quick development of technologies like Artificial Intelligence (AI) and robotics, which can boost production efficiency. Automated underground mining solutions are expanding as a result of the growing trend of using cutting-edge technology.

Technological growth has brought significant changes to the mining industry, which has led to the development of automation solutions, the Internet of Things, data integration technologies, and information management systems. It also paved the way for the development of automation products, solutions, and services used to automate underground mining operations. Additionally, they will improve the productivity, performance, and efficiency of underground mining operations. The main benefits of underground mining automation are improved safety and increased productivity at a lower cost.

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The future of underground mining automation hinges on the need to integrate various subsystems into underground mines. Demand for integrated solutions for smarter, safer, and more productive mining will drive the adoption of underground mining automation. Rapidly changing technology in Africa will be a key trend supporting the adoption of underground mining automation.

Underground Mining Automation Market: Market Dynamics

Leading underground mining automation providers are investing in automation to secure a strong future for the mining industry. This factor is expected to drive the global underground mining automation market. Despite trade disputes, demand for metal has supported China and is having a positive impact on the adoption of underground mining automation in global markets. Additionally, growth in telecom solutions will play a major role in increasing the deployment of underground mining automation solutions.

Employee safety and low production rates are key factors driving the adoption of underground mining automation. Additionally, growth in digital mining, digital twins, and other technological innovations have impacted the global underground mining automation market and will continue to grow during the forecast period. The growth of communications in underground mining operations is a key factor determining the adoption of underground mining automation solutions and services.

A major challenge factor for the underground mining automation market is the lack of adoption of the technology among professionals in developing countries. Underground mining automation providers are now taking steps such as offering technology fairs to provide education and awareness.

Underground Mining Automation Market: Regional Outlook

Manufacturers in developed countries such as Germany, the USA, the UK, France, and Japan are leading the way in providing underground mining automation solutions. Mining activity is prominent in countries such as Australia, Russia, China, Canada, Indonesia, South Africa, Peru, Brazil, and other African countries. Currently, miners are focusing on investing in underground mining automation, and the focus is on African countries. Government regulations play an important role in the adoption of underground mining automation systems. However, some countries have implemented stringent regulations to protect the environment, hampering mining activities and negatively impacting the underground mining automation market.

The deployment of underground mining automation solutions will help miners move to unsafe locations and difficult locations in Australia, Brazil and Africa. It is also positive that major mine operators in Ethiopia, Tanzania, Angola, Zambia and Congo are deploying underground mining automation solutions. Impact on the underground mining automation market. New mining projects in countries in Southeast Asia, Latin America, and Africa are expected to drive opportunities in the underground mining automation market.

Underground Mining Automation Market: Key Market Players

The major market players in the global underground mining automation market include:

FIG
Atlas Copco
general electric
Glencore
hexagon
Hitachi
Komatsu
red pass
Rio Tinto
Rockwell Automation
Sandvik AB
Siemens AG

The Underground Mining Automation Market research report presents a comprehensive assessment of the Underground Mining Automation market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using appropriate assumptions and methodologies. The Underground Mining Automation Market research report provides analysis and information according to market segments such as geography, material type, temperature range, and end-use.

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Underground Mining Automation Market: Segmentation

The global underground mining automation market can be segmented by type, level of automation, application and end use.

Based on product type, the global underground mining automation market is segmented into:

hardware
software
service

Based on automation level, the global underground mining automation market is segmented into:

low-level automation
medium level automation
fully automated

On the basis of Application, the Global Underground Mining Automation Market is segmented into:

loading and transport
surface drilling
vehicle management
tele operation
Etc

On the basis of end-use, the global underground mining automation market is segmented into:

chrome mining
coal mining
diamond mining
gold mining
iron ore mining
manganese mining
Platinum and Palladium Mining
uranium mining
Etc

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Global Pharmacy Automation Industry is projected to achieve US$ 13.3 billion by 2033, with an 8.1% CAGR steering its growth, according to FMI

In 2023, the global pharmacy automation industry growth is expected to be valued US$ 5.6 billion. Companies in a variety of industries are starting to realize how revolutionary the healthcare industry might be. This establishes the foundation for significant expansion, since projections indicate that the market will exceed US$ 13.3 billion by 2033. The market’s outstanding potential over the next ten years is highlighted by the extraordinary CAGR of 8.1% that supports this growth trajectory.

This growth is attributed to a number of factors, including the increasing prevalence of chronic diseases, the rising demand for personalized medicine, and the growing need to improve patient safety and efficiency in pharmacies.

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Pharmacy automation can help to improve the accuracy and efficiency of medication dispensing and packaging, as well as reduce the risk of medication errors. They can also help to free up pharmacists’ time so that they can focus on providing more patient-centered care.

Key Takeaways:

The global pharmacy automation market is expected to grow from US$ 5.6 billion in 2023 to US$ 13.3 billion by 2033, at a CAGR of 8.1%.
The key drivers of the market growth include the rising demand for medication safety, operational efficiency, and technological advancements.
The market is segmented by type into automated medication dispensing systems, automated packaging and labeling systems, automated storage and retrieval systems, automated medication compounding systems, and others. The automated medication dispensing systems segment is expected to account for the largest market share during the forecast period.
The market is also segmented by application into inpatient pharmacy, outpatient pharmacy, retail pharmacy, and others. The outpatient pharmacy segment is expected to account for the largest market share during the forecast period.
North America is expected to be the largest market for pharmacy automation during the forecast period, followed by Europe and Asia Pacific.

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Regional Outlook:

North America: The North American pharmacy automation market is expected to grow at the fastest CAGR during the forecast period. This is due to the presence of a large number of key players, the high adoption of advanced technologies, and the increasing demand for medication safety and operational efficiency.
Europe: The European pharmacy automation market is expected to grow at a moderate CAGR during the forecast period. This is due to the increasing adoption of electronic health records and the growing awareness of the benefits of pharmacy automation.
Asia Pacific: The Asia Pacific pharmacy automation market is expected to grow at the second-fastest CAGR during the forecast period. This is due to the growing geriatric population, the rising number of prescriptions, and the increasing investments in healthcare infrastructure.

Other Key Regions: The pharmacy automation markets in South America, the Middle East, and Africa are expected to grow at a slower CAGR during the forecast period. This is due to the limited availability of funds, the lack of awareness of the benefits of pharmacy automation, and the underdeveloped healthcare infrastructure in these regions.

Overall, the pharmacy automation market is expected to grow significantly during the forecast period, driven by the increasing demand for medication safety, operational efficiency, and technological advancements.

Key Companies Profiled in the Pharmacy Automation Market:

Becton
Cerner Corporation
Parata Systems LLC
Yuyama Co. Ltd
PerceptiMed Inc
McKesson Corporation
Capsa Solutions LLC
Omnicell Inc
Dickinson and Company
Arxium Inc
Scriptpro LLC
Swisslog Holdings AG
Rxsafe LLC

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Key Segments in the Pharmacy Automation Market:

By Product:

Medication Dispensing Systems
Automated Medication Compounding Systems
Packaging and Labeling Systems
Storage and Retrieval Systems
Tabletop Tablet Counters

By End-use Sector:

Inpatient Pharmacies
- Acute Care Settings
- Long Term Care Facilities
Outpatient Pharmacies
- Outpatient/Fast Track Clinics
- Hospital Retail Settings
Pharmacy Benefit Management Organization and Mail Order Pharmacies
Retail Pharmacies

By Region:

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

Author By:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Global Holter ECG Industry is forecasted to achieve an 8.6% CAGR by 2033, driven primarily by technological advancements and the increasing prevalence of cardiovascular diseases, according to FMI

The global holter ECG industry demand is expected to grow from US$ 645.2 million in 2023 to US$ 1.5 billion by 2033, at a CAGR of 8.6% during the forecast period. The growth of the market is attributed to the increasing prevalence of cardiovascular diseases, rising demand for ambulatory cardiac monitoring, and technological advancements in Holter ECG devices.

A Holter ECG is a non-invasive test that records the electrical activity of the heart over a 24-hour period. It is used to diagnose and monitor heart conditions such as arrhythmias, heart failure, and coronary artery disease.

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The primary driver of the growth in the Holter ECG market is the increasing prevalence of arrhythmia and related cardiac and vascular disorders. The primary causes of these illnesses include advanced age, sedentary lifestyles, obesity, and hypertension. The growing prevalence of atrial fibrillation (AF), the associated risk of stroke and cardiovascular diseases, patient awareness of steady ECG recording, and the availability of several efficient ambulatory monitoring devices are all contributing factors to the rising demand for Holter monitors.

Medical professionals anticipate the market for Holter ECG monitors to grow significantly over the course of the forecast period due to a number of factors, such as an increase in the number of elderly people, a rise in the prevalence of cardiovascular diseases, and the growing demand and adoption of these monitors. But the need for more qualified experts who can precisely monitor the Holter ECG reports might be impeding the market’s expansion for Holter ECGs.

Key Trends Driving the Holter ECG Market:

Increasing prevalence of cardiovascular diseases: Cardiovascular diseases are the leading cause of death worldwide, accounting for an estimated 17.9 million deaths in 2019. The prevalence of cardiovascular diseases is expected to rise further in the coming years due to aging population, increasing prevalence of obesity and diabetes, and sedentary lifestyles. This is driving the demand for Holter ECG devices for diagnosis and monitoring of cardiovascular diseases.
Rising demand for ambulatory cardiac monitoring: Ambulatory cardiac monitoring is a non-invasive diagnostic procedure that allows clinicians to monitor a patient’s heart activity while they are engaged in their daily activities. This is in contrast to traditional ECG monitoring, which is performed in a clinical setting. Ambulatory cardiac monitoring is becoming increasingly popular as it allows clinicians to obtain more accurate and detailed information about a patient’s heart health.
Technological advancements in Holter ECG devices: Holter ECG devices are becoming increasingly sophisticated and user-friendly. Newer devices are smaller, lighter, and more comfortable to wear. They also offer a wider range of features, such as the ability to record multiple channels of data, detect arrhythmias, and store data for extended periods of time. These technological advancements are making Holter ECG devices more accessible and attractive to patients and clinicians.

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Holter ECG Market Key Takeaways 2023-2033

The global Holter ECG market is expected to grow at a CAGR of 8.6% from 2023 to 2033, reaching a valuation of US$ 1.5 billion by 2033.
The 12-lead product segment is anticipated to dominate the market, owing to its superior diagnostic capabilities.
The ambulatory segment is expected to witness the fastest growth rate during the forecast period, due to the increasing demand for remote monitoring of patients with cardiac conditions.
North America is currently the largest market for Holter ECG devices, followed by Europe and Asia Pacific.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period, driven by the rising prevalence of cardiovascular diseases and increasing healthcare spending in the region.

Key Companies in the Holter ECG Market:

Royal Philips
Nissha Medical Technologies
Medtronic PLC
Hill-Rom Services Inc.
I Rhythm Technologies Inc.
AliveCor Inc.
Cardiac Insight Inc.
Vital Connect
Prisma Health
BioTelemetry, Inc.

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Market Segmentation:

By Product Type:

12-Lead
5-Lead
3-Lead
6-lead
Single-Lead
Others

By Application:

Hospitals
Clinics
Others

By Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Spine Pain Industry in the United States is on track to achieve a substantial US$ 10.962.7 million by 2033, at a CAGR of 10.6% | FMI

The spine pain industry analysis in united states is expected to grow at a significant rate in the coming years, driven by a number of factors, including the aging population, rising obesity rates, and increasing prevalence of chronic diseases. According to a report by Future Market Insights, the spine pain industry analysis in united states is expected to grow from US$ 3,962.7 million in 2023 to US$ 10.962.7 million by 2033, at a CAGR of 10.6%.

The Spine Pain Industry Analysis in United States is expected to witness robust growth in the coming years, driven by the increasing prevalence of chronic pain conditions, rising demand for minimally invasive and non-surgical treatment options, and growing geriatric population. Key players in the industry are focusing on developing innovative products and technologies to meet the growing needs of patients.

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Key Takeaways:

The Spine Pain Industry Analysis in United States is expected to grow at a CAGR of 10.6% from 2023 to 2033, reaching a value of US$ 10,962.7 million by 2033.
The spinal non-fusion segment is expected to grow at the fastest CAGR of 10.5% during the forecast period.
Increasing prevalence of chronic pain conditions, such as arthritis and osteoporosis, is driving the growth of the spine pain industry.
Rising demand for minimally invasive and non-surgical treatment options is also contributing to market growth.

Key Drivers:

The following are some of the key drivers of growth in the US spine pain industry:

Aging population: The aging population is a major driver of growth in the spine pain market, as older adults are more likely to experience spine pain due to age-related wear and tear.
Rising obesity rates: Obesity is another major risk factor for spine pain. As obesity rates continue to rise in the US, so too will the demand for spine pain treatment.
Increasing prevalence of chronic diseases: Many chronic diseases, such as arthritis and osteoporosis, can also lead to spine pain. As the prevalence of these diseases increases, so too will the demand for spine pain treatment.

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Key Companies Profiled:

Zimmer, Inc. (ZimVie Inc.)
Medtronic
Johnson & Johnson
Stryker Corporation
Abbott Laboratories
Boston Scientific Corporation
B Braun (Aesculap, Inc.)
Becton, Dickinson and Company
Globus Medical
Alphatec Spine, Inc.
Nevro Corp
NuVasive, Inc.
Orthofix US LLC.
Surgalign Spine Technologies, Inc.
Precision Spine, Inc.

United States Spine Pain Business Outlook by Category:

By Product Type:

Spinal Fusion
- Interbody Devices
- Pedicle Screw System
- Spinal Plating System
Spinal Non-Fusion
- Annulus Repair Devices
- Artificial Disc Replacement Systems
- Interspinous Process Decompression (IPD) Devices
- Pedicle Screw-based Dynamic Stabilization Systems
Vertebral Body Replacement Systems
Spinal Cord Stimulation
Transcutaneous Electrical Neuromuscular Stimulation (TENS)
Spinal Epidural Injection

By Pain Type:

Cervical Pain
- Arm Pain
Thoracolumbar Pain
- Arm Pain
- Leg Pain
Lumbar Pain
- Leg Pain
Sciatic Pain
- Leg Pain

By End User:

Hospitals
Specialty Clinic
Ambulatory Surgical Centers

By Region:

Northeast
Midwest
Southeast
Southwest
West

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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.

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Nandini Singh Sawlani

Super Generics Industry in Europe is poised to hit a US$ 14.2 billion valuation by 2033, as forecasted by FMI

The super generics industry analysis in europe for US$ 11.6 billion in 2023 and are predicted to grow to US$ 14.2 billion by 2033. Over the projected period from 2023 to 2033, it is predicted to grow at a CAGR of nearly 2.0%. In terms of value share, the anti-diabetic segment held 13.3%, and in 2022, it led Europe in the drug class category.

The Super Generics Industry Analysis in Europe, also known as improved generics, are generic drugs that offer additional benefits over traditional generics, such as improved delivery systems, reduced side effects, or increased efficacy. They can be developed using new technologies or by improving the formulation or manufacturing process of existing generic drugs.

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The outlook for the Super Generics Industry Analysis in Europe is positive. The market is expected to grow at a steady pace over the forecast period, driven by increasing demand for affordable and accessible healthcare, growing prevalence of chronic diseases, rising geriatric population, supportive government policies, and technological advancements in the pharmaceutical industry.

However, pharmaceutical companies need to overcome the challenges posed by stringent regulatory requirements, competition from traditional generics, and lack of awareness in order to capitalize on the growth potential of the Super Generics Industry Analysis in Europe.

Key Takeaways – Super Generics Industry Analysis in Europe from 2023 to 2033

The Super Generics Industry Analysis in Europe is expected to reach US$14.2 billion by 2033, growing at a CAGR of 2.0% over the forecast period.
The anti-diabetic segment is expected to hold the largest market share in terms of value, followed by the cardiovascular and oncology segments.
Spain is expected to lead the Super Generics Industry Analysis in Europe, followed by France, Poland, and Germany.
Key drivers of the market growth include increasing government support for generic drugs, rising demand for affordable healthcare, and growing prevalence of chronic diseases.
Key challenges to the market growth include complex regulatory environment and stringent intellectual property laws.

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Key Trends in the Super Generics Industry Analysis in Europe:

Some of the key trends driving the growth of the Super Generics Industry Analysis in Europe include:

Increasing focus on research and development: Pharmaceutical companies are investing heavily in research and development to develop new and innovative super generics.
Growing adoption of biosimilars: Biosimilars are a type of super generic that are similar to biologic drugs. They are gaining popularity in Europe due to their lower cost and comparable efficacy.
Expansion of the super generics portfolio: Pharmaceutical companies are expanding their super generics portfolio to include a wider range of therapeutic areas.
Government support: Governments in Europe are supporting the growth of the super generics market through various initiatives, such as tax breaks and subsidies.

Key Companies Profiled:

AbbVie
Sun Pharmaceutical Industries Ltd.
Endo International
Viatris Inc.
Dr. Reddy’s Laboratories Ltd.
Innovida Pharmaceutique
SERB Specialty Pharmaceuticals
Eagle Pharma
Novartis AG

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Key Segments Covered in the Europe Super Generics Space:

By Drug Class:

Antihistamines
Antimicrotubule Agents
Aryl Acetic Acid Derivatives
Atypical Antipsychotics
Anti-diabetic
Anti-Obesity Drugs
Calcium Channel Blockers
Corticosteroids
Fabric Acid Agents
GABA Analogs
Opioid Analgesics
Proton Pump Inhibitors
Retinoids
Others

By Route of Administration:

Oral
Topical
Parenteral
Others

By Indication:

Oncology
Cardiology
Diabetics
Neurology
- Migraine
- Epilepsy
- Alzheimer
- Pain Management
Gastroenterology
Dermatology
Analgesics & Anti-inflammatory
Weight Management
Ophthalmology
Others

By Distribution Channel:

Hospital
Specialty Clinics
Retail Pharmacies
Drug Stores
Online Pharmacies/ Mail Order Pharmacies

By Region:

Western Europe
Eastern Europe
Rest of Europe

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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