Market Research Blog – Page 8958 – New Product Development

Dumbwaiter Lifts Market Is Likely To Hold A Valuation Of US$ 972.0 Million By 2032, Hotel Sector Drives This Industry

The dumbwaiter lifts market is likely to record a CAGR of 2.4% during the forecast period. The market for dumbwaiter lifts is projected to be valued at US$ 767.0 Million in 2022 and is likely to be valued at US$ 972.0 Million by 2032.

The dumbwaiter lifts are generally the elevators that are used to transport smaller goods between the floors of a building. Dumbwaiter lifts were introduced to the market back in 1887 by Cannon, the inventor of these tiny lifts that carry objects (mostly food) rather than people. These small freight elevators are designed in such a way that a small doorway is made on each floor of the building from where the objects can be sent or received.

A typical dumbwaiter lift consists of a movable frame, ropes and pulleys, guided rails and a cart that is used to carry goods. These lifts operate on a similar operating principle of passenger lifts.

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The movable frame in a shaft rides through the guiding rails that are connected to a pair of ropes and pulleys which operate using the electric or hydraulic power generated by a motor or a pump. They have normally downsized elevators which make it easier to fetch small objects across the floors of a building.

Dumbwaiter lifts are available in variable sizes and load-handling capacities. These are normally employed in hospitals, hotels, schools, offices and some private multistory residences. The need for dumbwaiter lifts is gradually increasing as it accounts to save time and efforts from moving things from one floor to another.

These small service lifts are generally either manually operated or power driven. There is a lot of scope in improvising the operations of dumbwaiter lifts. Smart systems can be employed to maintain precision in operation of these lifts. Load carrying capacities can be increased and making the lifts use less power can actually drive the market to a different extent.

Dumbwaiter Lifts Market: Market Dynamics

Many hotels are using dumbwaiter lifts for serving hot and delicious food in hotel rooms directly from the kitchen. Hospitals and modern residential complexes are using them for laundry purposes. And with increasing high rising hotels, hospitals, offices, schools and residential complexes, the use of dumbwaiter lifts is expected to increase in the years coming.

This situation can be considered as the key market driver. Providing comfort and high quality of service in hotels in now a mandate to maintain their status-quo. Providing better laundry facilities and serving quick food to the patients in hospitals is also seen to be as a new trend in the current market.

All these things can be considered as the impacts that have influenced the usage of dumbwaiter lifts in various sectors. With the increased usage of dumbwaiter lifts, the ease of providing services has increased. The market is demanding for smarter solutions for implementation of dumbwaiter lifts in different properties.

The only constraint for the market in this sector is maintaining the building codes suggested by ASME (American Society of Mechanical Engineers) and are supposed to have conformity with the lift regulations suggested in the rules and regulations directories in respective nations. There is no harm for new entrants other than financing part. The dumbwaiter lifts market is expected to grow with decent pace.

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Dumbwaiter Lifts Market: Regional Outlook

The market for dumbwaiter lifts is large enough to compare with that of elevators and escalators. With the growing economies worldwide, premium hotels, hospitals and high rising residential buildings are being constructed throughout the developing nations from the likes of those in APAC region.

The market in North America is expected to see a tangible growth in this field. The same is expected from Japan, India and China as these economies have grown rapidly for past few years. With the advancement in the hospitality services, new opportunities have opened for dumbwaiter lifts market.

Dumbwaiter Lifts Market: Key Players

Otis Elevator Company
Mitsubishi Electric Corporation
Schindler
Kone Corporation
thyssenkrupp AG
Stannah
LUTZ Elevators
Elevation Innovation Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Mobile Substations Market Size – North America is the leading region in the mobile substation market, with a share of 26.3% during the forecast period.

Industrial Robots Market Size – China is expected to possess. Thus, China is expected to account for 45% of the total Industrial Robots in 2022.

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Pharmaceutical Lipids Market | ABITEC Corporation, BASF SE, Croda International Plc, Corden Pharma | By 2032

According to a recent market analysis by Future Market Insights (FMI), the global Pharmaceutical Lipids Market will be worth $4.44 billion in 2021. With sales increasing at a 5.1% CAGR, the market is expected to be worth $7.70 billion by 2032.

Global demand for various drug formulations to treat chronic diseases is expected to drive pharmaceutical lipid sales.

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Stringent regulations governing the manufacture and distribution of excipients mandated by the International Pharmaceutical Excipient Council (IPEC) will improve the production of higher-quality pharmaceutical ingredients.

Furthermore, efforts by governments and regulatory agencies in developed nations, such as the U.S. and the U.K., to streamline the approval process for excipients, are expected to push sales in the market.

Because of their cost-effectiveness and patient compliance, oral solid dosage forms are the dominant mode of delivery in the pharmaceutical lipids market and are the preferred option for many pharmaceutical products.

The use of capsules or tablets for drug delivery provides advantages such as increased physical and chemical stability, ease of handling, distinct brand recognition based on colour and shape, and controlled-release options.

The majority of liposomal drugs are derived from oral solid drug formulations. The ease of use among patients, particularly children, is expected to boost sales of oral drugs, which will have a direct impact on pharmaceutical lipid sales.

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For example, conventional hard solid tablets are difficult to swallow for approximately 50% of patients. This has prompted pharmaceutical companies to create more innovative solid oral product forms, such as effervescent tablets, orally disintegrating granules (ODGs), lozenges, chewable tablets, and instant drinks. This is expected to generate significant demand for liposomal excipients during the forecast period, boosting market growth.

“Increasing investments in contract manufacturing of pharmaceutical lipids, along with growing demand for oral solid drug formulation is expected to augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

Triglyceride sales are expected to account for more than 44.3% of the market by 2032, rising at a 5.1% CAGR during the forecast period.
By form, the semi-solid segment commands more than 60.0% of the market in 2021 and is expected to account for 62.7% of the total market share by 2032.
In terms of source, sales of semi-synthetic sources will increase at a 5.8% CAGR.
In 2021, applications in the conventional lipid-based drug delivery systems (LBDDS) segment held a commanding 64.4% share.
The most widely used route of administration will be oral pharmaceutical lipids. In 2021, the segment held 40.8% of the total market share.
The U.S. will continue dominating the North America pharmaceutical lipids market over the forecast period owing to the presence of a robust healthcare sector.
Demand in the U.K. pharmaceutical lipids market will surge at a 5.1% CAGR over the assessment period.
Sales in the India market are slated to increase at a 5.2% CAGR, accounting for a lion’s share in the South Asia pharmaceutical lipids market.

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Competition Landscape

Acquisitions, mergers, expansion, development of an extensive clinical pipeline and product launches are the key strategies adopted by manufacturers to increase the consumer base in various countries. For instance:

In July 2020, ABITEC announced the acquisition of Larodan AB, a manufacturer and international marketer of state-of-the-art, high-purity research grade lipids. The acquisition expanded ABITEC’s functional lipid product offerings and scientific capabilities to better serve the pharmaceutical, nutritional, and industrial markets.
In January 2020, BASF completed the acquisition of polyamide business of Solvay.
In July 2020, Croda International Plc announced the acquisition of Avanti Polar Lipids, Inc., a knowledge-intensive leader in lipid-based drug delivery technologies for the next generation of pharmaceuticals.

Key Companies Profiled

ABITEC Corporation (ABF Ingredients)
BASF SE
Croda International Plc
CordenPharma
NOF (Nippon Oil & Fats) Corporation
Cayman Chemical Company
Lipoid GmbH

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Key Market Segments Covered in Pharmaceutical Lipids Industry Research

By Product:

Triglycerides
Phospholipids
Sphingolipids
Cholesterol
Fatty Acids
Others

By Source:

Synthetic
Semi-synthetic
Natural

By Form:

Liquid
Semi-solid
Solid

By Application:

Conventional Lipid-based Drug Delivery Systems
Self-Emulsifying Drug Delivery Systems
Self-Microemulsifying Drug Delivery Systems
Liposomes
Solid Lipid Nanoparticles
Nanostructured Lipid Carriers
Others

By Route of Administration:

Oral
- Tablet
- Solution

Parenteral
- Intravenous
- Intramuscular (Vaccines)
Topical

Top Related Reports Healthcare Market:

Peptide Synthesis Market

Virology Specimen Collection Market

Prostate Health Market

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Patient Transport Services Market are projected to increase at a CAGR of around 12% during 2022–2032 | FMI

According to Future Market Insights’ newly released Patient Transport Services Market analysis report, global sales of Patient Transport Services Market in 2021 will be US$ 34.1 Bn. The estimated market growth of 12% between 2022 and 2032 is expected to be much greater than the previous trend. Ground Ambulance is forecast to be the greatest revenue-generating Transport Vehicle, with a CAGR of more than 13.1% between 2022 and 2032.

Ambulance demand is rising resulting from beneficial reimbursement rules, a important increase in medical tourism, a rise in road accidents, and a rising senior populace. Road accidents are becoming more common, prompting emergency medical care and ambulance assistance. According to the Association for Safe International Road Travel (ASIRT), 1.3 million people die in car accidents each year, with another 20-50 million injured or incapacitated.

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Attributes	Details
Patient Transport Services Market CAGR (2022 – 2032)	12%
Patient Transport Services Market Size (2022)	US$ 37.9 Bn
Patient Transport Services Market Size (2032)	US$ 117.1 Bn

In addition, the rising number of deaths as a result of traffic accidents necessitates prompt medical attention. Government policies that support the healthcare business, as well as reimbursement programmes for healthcare services, are propelling the market forward. The need for Patient Transport Services is increasing as a result of the rise in medical tourism and the construction of infrastructure for healthcare facilities. Cardiovascular illnesses, which include cardiac arrest, coronary artery disease, heart failure, and stroke, frequently necessitate rapid medical attention and treatment because they are a primary cause of death and are predicted to drive market growth.

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Medical tourism is also on the rise as a result of improved healthcare facilities and reimbursement rules. According to the Directorate-General of Commercial Intelligence and Statistics of India’s report “Export Health Services: 2015-2016,” India had approximately 58,300 medical tourists with visas for medical travel in 2015-2016. In addition, according to a data published by Ctrip, a renowned Chinese travel operator, medical tourism in China grew by 500% in 2016, with 500,000 outbound medical travels.

Other key contributing causes for the rising demand for Patient Transport Services in the next five years include increased awareness of life support services and the availability of qualified healthcare specialists to address healthcare issues.

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Key Players :

Envision Healthcare
London Ambulance Service NHS Trust
Acadian Ambulance Service
BVG India Limited
America Patient Transport Services, Inc
Falck Denmark A/S
Air Medical Group Holdings, Inc.
Air Methods Corporation
Ziqitza Healthcare Limited
Medivic Aviation

Key Takeaways from Market Study

Patient Transport Services Market was valued at US$ 34.1 Bn in 2021. According to Future Market Insights, Patient Transport Services Market revenue would increase 3X between 2022 and 2032, reaching roughly US$ 117.1 Bn in 2032.
In terms of Transport Vehicle Type, the Ground Ambulance accounts for the highest projected CAGR of over 13.1%.
In terms of the Emergency Services of Patient Transport Services Market, Emergency Services accounts for the highest CAGR of 11.3% during the historic period (2017-21).

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Winning Strategy

To strengthen their position in the market, key firms are engaging into collaborations to achieve operational excellence.

In September 2017, for example, BVG India Limited and the government of Andhra Pradesh cooperated to provide emergency medical services in the state. In Andhra Pradesh, the business offered 467 ambulances, including 389 basic life support and 76 advanced life support ambulances. This joint venture is projected to increase the company’s revenue.

Competitive Environment

Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service, BVG India Limited, America Patient Transport Services, Inc. are some of the major companies in the Patient Transport Services industry. To enhance their geographical footprint, the top players are using novel product launch tactics. Some of the growth tactics highlighted include mergers and acquisitions, strategic cooperation, and partnership partnerships.

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Market Segments Covered in Patient Transport Services Market Analysis

By Transport Vehicle:

Ground Ambulance
Air Ambulance
Water Ambulance

By Emergency Services Type:

Emergency Services
Non-emergency Services

By Equipment Type:

Advanced Life Support (ALS) Patient Transport Services
Basic Life Support (BLS) Patient Transport Services

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Fiber Optic Gyroscope Market Current and Future Trends, Leading Players, Segments & Regional Forecast By 2031

The global fiber optic gyroscope market demand outlook remains upbeat, with FMI forecasting a valuation of more than US$ 1,413 million by the end of 2021.

Due to increased application in the military & defence and automotive industries, the market for fiber optic gyroscopes is expected to grow at an 8.3% CAGR from 2021 to 2031, compared to a CAGR of 6.8% between 2016 and 2020.

One of the primary factors driving demand for fiber optic gyroscopes is the rise of self-driving cars. The inertial measurement units (IMUs), which combine fiber optic gyroscopes with accelerometer components, provide highly accurate acceleration data and angular rate to track the exact position of the car, according to KVH.

Increased use of fiber optic gyroscopes in military applications for ground detection, missile flight control, and dynamic GPS tracking will create growth opportunities. In addition, rising demand for better navigation and stabilisation platforms in aerospace, battlefield, and undersea environments is expected to drive 7.4% growth in the military and defence domain, according to an FMI study.

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Key Takeaways from Fiber Optic Gyroscope Market Study

In North America, the U.S. is expected to dominate the market, accounting for a market share of over 82% in the region through 2031.
Owing to increasing adoption of advanced technologies in defense sector, the market in the U.K. is estimated to grow at a CAGR of 12% over the forecast period.
India is likely to account for above 54% of the market share in South Asia and Pacific, growing at a CAGR of 13.5% by 2031.
Based on sensing axis, 3-Axis will emerge dominant, accounting for a market share of over 42.5% by the end of 2031.
Inertial navigation systems are anticipated to contribute a revenue share of around 44.5% in the global market through 2021.

Key Drivers

Increasing application in the military and defense sector is fueling the demand for fiber optic gyroscopes.
Surging demand for autonomous vehicles is spurring the sales of fiber optic gyroscopes.
Rising adoption of automation in industries and homes is driving the growth of the market.

Key Restraints

Fragile nature of the fiber optic gyroscope is a factor impeding the growth of the market.
Repeated need to calibrate the fiber optic gyroscope is hampering the market demand.
Mitigation in the accuracy of fiber optic gyroscopes due to vibration is negatively affecting the sales of the product.

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Competitive Landscape

Companies operating in the fiber optic gyroscope market are focusing on developing innovative products and forging strategic partnerships with other manufacturers to expand their production and increase the market share.

FIBERPRO, a South Korea-based company, launched its new Fiber Optics based Single Axis Gyroscope named, FI 150 in June 2020. The product is able to stabilize the specific attitude of a moving system which can be used in weapons systems, cameras, telescopes, and many more.
In June 2020, KVH industries, announced a launch of P-1775 Inertial Measurement Unit (IMU) featuring its new Inside Photonic Integrated Chip (PIC) technology. The technology that upgrades the inertial sensor performance and reliability for the growing autonomous market.

Some of the key players operating in the fiber optic gyroscope market profiled by FMI are:

KVH Industries, Inc.
EMCORE Corporation
FIBERPRO, Inc.
Saab
Honeywell
Tamagawa Seiki Co., Ltd.
Optolink
NedAero Components B.V
iXblue
Fizoptika

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More Insights on the Fiber Optic Gyroscope Market:

FMI provides an unbiased analysis of the fiber optic gyroscope market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global fiber optic gyroscope market with a detailed segmentation on the basis of:

By Sensing Axis:

1-Axis
2-Axis
3-Axis

By Device:

Fiber Optics Gyrocompass
Inertial Measurement Units (IMUs)
Inertial Navigation Systems
Others

By Application:

Aeronautics and Aviation
Robotics
Remotely Operated Vehicle Guidance

Military & Defense
Industrial
Others

By Region:

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

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ePayment System Market Analysis, Future Growth, Segmentation, Competitive Landscape, Key Trends & Forecast to 2031

The worldwide ePayment system market is supposed to extend at a CAGR of 17.7% over the figure period (2021-2031). The development can be credited to the developing interest for ongoing installments combined with expanding web infiltration across different nations. According to the most recent Future Market Insights (FMI) study, the market valuation is supposed to outperform roughly US$ 89.2 Bn in 2021.

The installments scene has experienced important change in the new years. Progressions in innovation have prompted significant changes with installments turning out to be quicker, simpler and more helpful. The worldwide ePayment system market is assessed to be driven by specialized progressions in the product business, and the development of online business in created and emerging countries.

The reception of ePayment systems is developing quickly, and, sooner rather than later, it will set out possible open doors for ePayment arrangement and specialist co-ops. Buyers across districts like Europe and North America, and a few nations in East Asia and South Asia and Pacific, are utilizing different computerized installment techniques.

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Furthermore, increasing Internet banking and Internet shopping have significantly pushed the use of ePayment system across the globe. The market for ePayment systems has shown significant growth over the last few years due to the increasing adoption of advanced technologies. With advancements in technology, there has been a rise in the demand for ePayment systems.

Key Takeaways from ePayment System Market Study

Based on deployment, the cloud segment is expected to dominate the market through 2031, owing to the rising popularity of cloud computing and analytics.
Based on enterprise size, the large enterprises segment is expected to dominate the market through 2031 owing to the growing need to digitize their payment landscape.
The BFSI segment is expected to hold the largest share in the global ePayment system market in 2021, based on industry.
China will continue leading the East Asia market, registering a CAGR of over 18.9% through 2031.
The U.S. market is projected to expand at a CAGR of 18.2% through 2031, owing to the due to early adoption of upcoming technologies and presence of established and upcoming payment technology providers in the country.
The UK is anticipated to hold the lead in Europe, exhibiting a CAGR of 18.5% through 2031.

Who is winning?

The moderately consolidated ePayment system market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic endeavors towards geographical expansion.

Prominent players in the ePayment system market include but are not limited to ACI Worldwide, Aliant Payments, Alipay, Apple Pay, FIS, Fiserv, Global Payments, Intuit, JPMorgan Chase, Mastercard, PayPal, Paysafe, PayTrace, PayU, Spreedly, Square, Stripe, Visa, Worldline, and 2Checkout, among others.

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More Valuable Insights on ePayment System Market

A revised market research report published by Future Market Insights (FMI) on the global ePayment System market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.The report provides valuable insights on the basis of component solution (payment gateway solution, payment processing solution, payment wallet solution, payment security and fraud management solution, and point of sale (POS) solution); and services (professional services, and managed services); deployment(cloud and on-premises); enterprise size (small & medium enterprises (SMEs) and large enterprises); and Industry (BFSI, retail and eCommerce, healthcare, media & entertainment, IT & telecom, transportation & logistics, and others), and across six major regions.

What Is the Impact of COVID-19 Crisis on ePayment System Growth?

COVID-19 has impacted every sector. Due to social distancing norms implemented to contain the spread of the virus, organizations are transforming towards digitalization to ensure overall safety employees and staffs.

The COVID-19 outbreak has disrupted many industries. Different end-use verticals have suffered heavily as a result of mobility and travel restrictions implemented to protect public health against the infection.

The pandemic has compelled companies to rethink how and where the employees work as well as how to control them. This has resulted in increasing reliance on digital services. The pandemic also has reinforced the trend of digital payments and mCommerce, across payment types and demographics.

Owing to this, there has been rise in demand for ePayment solutions and services across different industry verticals. Driven by this the ePayment system market is estimated to witness a growth from around 12.5% to 14.6% Y-o-Y from 2019 to 2021.

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ePayment System Outlook by Category

By Component, ePayment System Demand is segmented as:

Solution
Services

By Deployment, ePayment System Demand is segmented as:

Cloud
On-premises

By Enterprise Size, ePayment System Demand is segmented as:

Small & Medium Enterprises (SMES)
Large Enterprises

By Industry, ePayment System Demand is segmented as:

BFSI
Retail
Healthcare
Media & Entertainment
IT & Telecom
Transportation & Logistics
Others

By Region, ePayment System Sales is segmented as:

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

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Earphone and Headphone Market Analysis, Size, Share, Growth, Trends & Forecast 2022 to 2028

The global earphone and headphone market Analysis is valued at US$ 22.3 billion in 2022 and is expected to reach US$ 35.2 billion by 2028, expanding at a 7.9% CAGR from 2022 to 2028.

In 2021, earphone and headphone sales accounted for approximately 27% of the global audio devices market. In-ear earphones and headphones are expected to grow the fastest in the coming years.

Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

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The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired.

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Impact of COVID-19 on Earphone and Headphone Consumption

The COVID-19 pandemic had a minor impact on the growth of the earphone and headphone market. Government organizations were compelled to institute tight shutdown measures and travel bans as a result of the pandemic, interrupting logistics, supply chain, and production capacities, and affecting total sales.

However, consumer interest in online streaming platforms to view movies, web series, and talk programs increased as a result of the imposed travel limitations, thereby driving earphone consumption significantly. Work from home also complemented demand for earphones and headphones to a great extent.

Individual use of earphones and headphones will be bolstered by the burgeoning OTT industry. Nonetheless, increased demand for connectivity and storage units in data centres, demand for security cameras, robots in industrial applications, and sensor-based devices are expected to present enormous potential for earphone and headphone suppliers.

Competitive Landscape

Significant number of companies manufacturing earphones and headphones depend upon powerful sales channels, such as multi-brand distributors and retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry.

Key earphone and headphone manufacturing companies are focusing on providing high-tech products and entering into collaborations & partnerships with other earphone providers to offer enhanced devices and the best earbuds to penetrate new markets.

For instance,

In April 2021 Nokia Corporation launched completely wireless and Bluetooth neckband earphones on Flipkart in India. The Qualcomm QCC3034 Bluetooth Audio chipset is used in the headset, which also has noise reduction features. The business targets young workers and college students in the country with this launch.

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The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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Digital Transformation in Healthcare Market: Worldwide Analysis & New Business Opportunities Explored 2022 to 2032

Expanded and computer generated reality are novel arrangements that are transforming the healthcare industry. The value of the healthcare-based AR and VR industry is expected to grow dramatically between 2018 and 2023. As a result, there are numerous undiscovered learning opportunities for the digital transformation in healthcare market.

The healthcare industry is evolving, from the acceptance of telemedicine to the use of mechanical interaction computerization (RPA) to work on quiet data. Another review from Future Market Insights (FMI) indicates that the approach of innovative innovations will enable patients to receive more advanced care with the assistance of computer generated reality, wearable gadgets, and other advances. These advancements are expected to accelerate digital transformation in healthcare.

Clinics and clinics are expected to have a leading offer in the digital transformation of the healthcare market due to the growing acceptance of IoT, which ensures a better network in the healthcare industry.

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Key Implications: Digital Transformation of Healthcare Market

Global Digital Transformation of Healthcare Market is projected to register a CAGR of over 14% during the forecast period 2021-2031
Presence of sophisticated healthcare infrastructure supports US expansion, accounting for more than 80% of total North American demand
Investments in smart healthcare will boost year-over-year growth in the UK to 14.4% in 2021.
Exponential growth will be possible in Germany and France, particularly due to increased spending on expanding healthcare.
China is expected to remain the market leading the digital transformation of healthcare in East Asia, while Japan is expected to grow at a faster pace.

The impact of COVID-19 on the digital transformation of the healthcare market

COVID-19 is disrupting businesses, industries and somewhat disproportionate health care across the country. This serious situation has led to a massive digital transformation of the healthcare industry, reducing operating costs, saving treatment time and ultimately improving healthcare quality. Medical advancement is considered a step-by-step evolution, and pandemics have accelerated change and have seen pioneering research in the medical sciences.

For example, telemedicine software (or remote patient monitoring) became the norm in 2020, eliminating the need for physical human interaction. This has become the most important advantage during the COVID-19 crisis. Telemedicine software has also provided healthcare professionals with greater geographic coverage, especially when healthcare resources are limited.

Accordingly, the digital transformation of the healthcare market is expected to grow 10-12% from the previous year from 2019 to 2021.

Rapid adoption of mobility services and healthcare mobile apps has become a major trend

Healthcare organizations are increasingly paying attention to mobile-based communications and encouraging employees to bring their own devices for work-related purposes, which in turn reduces the costs associated with purchasing medical communications devices. This is expected to increase the demand for mobility services. Medical mobility services also allow healthcare organizations to access patient data from anywhere and share insights with patients in real time.

Healthcare organizations around the world are focused on providing personalized healthcare apps for wearable fitness and medical devices. These applications allow patients to access medical information through mobile and devices. This, in turn, is expected to fuel market growth in the near future.

Who is the winner?

Companies operating in the market are currently focused on adopting advanced technologies. With the intention of making healthcare smarter, digital transformation will continue to accelerate within the healthcare sector. Major companies operating in the market include IBM Corporation, CGI Group Inc., Accenture PLC, Deloitte LLP, and HCL Technologies.

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Key Segments Covered

Solution

Software
- Electronic Health Record (EHR) Software
- Connected Medical Billing
- Healthcare Information System (HIS)
- Healthcare CRM Software
- Healthcare ERP Software
Service
- Digital Transformation Consulting
- Digital Transformation Technology Implementation & Integration

End User

Hospitals & Clinics
Pharma Companies
Life Science & Biotech Companies
Healthcare Insurance Providers
Others

Region

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

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Digital Inverter Market Trends, Comprehensive Analysis & Regional Forecast to 2027

In a new research publication titled “Digital Inverter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” Future Market Insights examined various aspects of the global market for digital inverters. The raw data obtained from secondary research was filtered and organised in a systematic format, from which key insights were derived.

The market is thoroughly examined to gain intelligence on the various market trends that are changing the market’s course, the drivers that are accelerating market growth, the opportunities that will shape the market’s future, and the restraints that are impeding market growth in the global digital inverter market.

These various facets have been analysed across the key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA) to gauge their intensity and impact on the overall market expansion. Based on historical data and the current scenario, future insights on the market based on value and volume projections for a period of 10 years have been included in this research report across each segment of the global digital inverter market.

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Global Digital Inverter Market: Forecast

The global digital inverter market is expected to grow at a high rate to register a CAGR of 7.1% during the period of forecast. The global market is estimated to be valued at around US$ 5.5 Bn in 2017 and is expected to touch about US$ 11 Bn by the end of the year of assessment (2027).

Global Digital Inverter Market: Factors Influencing Growth

Aspects such as increase in disposable income, favourable government regulations, development of plug and play type inverters, high conversion efficiencies, increasing demand from commercial and industrial sectors, increasing consolidation, development of solar projects by governments, transition from developed to emerging markets and establishment of sound sales channels are driving the growth of the global digital inverter market. However factors such as increasing DC optimiser adoption, high costs and errors in digital inverter software are restricting the growth of the global digital inverter market.

Global Digital Inverter Market: Segmental Forecasts

The global digital inverter market has been segmented by product type, by region, by end user and by power source.

By product type, string inverters segment is estimated to be the largest in terms of value share and is expected to cross US$ 4.2 Bn by the end of the assessment year. This segment is also projected to grow at the fastest rate during the forecast period.
By end user, utilities segment is the most lucrative and is expected to soar at a high CAGR of 7.4% during the period of forecast to reach a significant value by the end of the assessment period.
By power source, solar inverters are gaining high traction and the solar inverter segment is poised to register a 7.6% CAGR. The battery inverter segment, however, stays ahead in valuation thus dominating the global market.
By region, Asia Pacific excluding Japan (APEJ) is the largest region in terms of growth and market value. The digital inverter market in the APEJ region is predicted to soar at a high CAGR of 7.5% during the period of forecast to reach a high valuation of close to US$ 4.5 Bn by the end of the assessment year.

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Global Digital Inverter Market: Company Assessment

The research report on the global digital inverter market encompasses in-depth assessment on various key players dealing with digital inverters. Profiles of major companies such as Eaton Corporation, Schneider Electric SE, Siemens AG, ABB Ltd., General Electric Co., Enphase Energy, Inc., SMA Solar Technology AG, Vertiv Group Corporation, Leopold Kostal GmbH & Co. KG, Growatt New Energy Co.,Ltd., ReGen Powertech Private Ltd,. Fronius International GmbH, SMA New Energy Technology (Jiangsu) Co., Ltd., and Toshiba Mitsubishi-Electric Industrial Systems Corporation have been included in the competitive assessment chapter of the research report.

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Pharmaceutical Intermediates Market to grow at 4.3% CAGR through 2030 | FMI

The rapidly increasing prevalence of chronic diseases around the world is likely to fuel the demand for novel medications and better treatment options, propelling the worldwide market forward. Because of the increased desire for novel treatment options, there has been an increase in the use of drug intermediates as well as their use in research and clinical investigations.

Leading players in the biotechnology and pharmaceutical sectors along with research institutes are now increasingly focusing on R&D activities relating to drug creation and development. Future Market Insights (FMI) in a new study has forecast the global pharmaceutical intermediates to reach US$ 30 Bn in 2020, with the market predicted to exhibit a CAGR of 4% during the forecast period (2020-2030)

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Pharmaceutical intermediates are used in during manufacturing of bulk drugs as raw materials. These are the material produced during the synthesis of an active pharmaceutical ingredient (API). However, pharmaceutical and biotech companies can make use of these drug intermediates for the purposes of research and development (R&D). Moreover, there are different forms of pharmaceutical intermediates available such as high quality pharmaceutical intermediates, moderate quality pharmaceutical intermediates and premium quality intermediates. The high-quality and premium pharmaceutical intermediates are mainly used for R&D activities.

Key Takeaways from Pharmaceutical Intermediates Marker Study

The demand for chiral intermediates will continue rising through the forecast period
East Asia will dominate in the global pharmaceutical intermediates market. China is expected to emerge as the most lucrative market for pharmaceutical intermediates in the region.
Analgesics to remain primary application, expanding at Y-o-Y rate exceeding 6% through 2020
The demand for Generic Drug Intermediates is expected to be higher than Branded Drug Intermediates
Biotech and Pharma Companies will continue exhibiting high demand for pharmaceutical intermediates

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“Rising drug development activities worldwide as well as increasing adaption of pharmaceutical intermediates as raw material are driving the growth of global Pharmaceutical Intermediates market” says the FMI Analyst

Acquisitions, Partnerships and expansion are key Strategic Focus of Pharmaceutical Intermediates Market Players

Leading players in the Pharmaceutical Intermediates market on strengthening their market position though the Acquisition, Partnerships and expansion. For Instance,

On April 2018, strategic collaboration between Porton Pharma Solutions, Ltd. And Codexis, Inc. to use Codexis’ biocatalyst technology within Porton’s global custom active pharmaceutical ingredients (API) and intermediate for manufacturing business.
On June 2017, BASF SE is expanding its production capacity at Texas site, whereas it is also constructing new Ibuprofen API facility in Ludwigshafen, Germany, which is expected to be functional in 2021.

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Key Participant Insights

The global market is set to expand its scope in the forecast period, due to rising prevalence of chronic disease globally and adoption of Pharmaceutical Intermediates at various stages of drug development by pharmaceutical manufacturers. In addition to this, cost effectiveness and rise in alternate methods for purification of oligonucleotide has augmented the sales of Pharmaceutical Intermediates.

The key market players covered by FMI include Chiracon GmbH, Aceto Corporation, Midas Pharma GmbH, Codexis, Lianhe Chemical Technology Co., Ltd, Sanofi S.A, Dishman Group And BASF SE, And Chemcon Speciality Chemicals Pvt. Ltd consolidating their positions through mergers, acquisitions and new product launches.

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Pharmaceutical Intermediates Market – Key Segments

Product

Chemical Intermediates
Bulk Drug Intermediates
- Chiral Intermediates
- Achiral Intermediates
Custom Intermediates

Category

Branded Drug Intermediates
Generic Drug Intermediates

Application

Analgesics
Anti-inflammatory Drug
Cardiovascular Drugs
Anti-diabetic Drugs
Antimicrobial Drugs
Anti-cancer Drugs
Others

End User

Biotech and Pharma Companies
Research Laboratory
CMOs/CROs

Region

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

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MEA Rough Terrain Cranes Market Regional Outlook, Trends, Key Companies Profile and CAGR by year 2032

The MEA rough terrain cranes market was valued at US$ 302.0 Mn in 2021 and is estimated to grow at a CAGR of 7.3% from 2022 to 2032. The market is projected to reach a valuation of US$ 641.9 Mn by 2032. By lifting capacity, the 25 to 50 tons segment accounts for more than 18.9% of share in the MEA rough terrain cranes market.

Rough terrain cranes with lifting capacity ranging between 50 tons-75 tons and boom length ranging from 25m to 35m are expected to hold a considerable share in the MEA rough terrain cranes market, while high capacity cranes (>100T) are expected to grow at a significant CAGR.

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Key research findings strongly influencing the market growth

High initial capital and expensive maintenance continues to fuel preference for rental cranes over new crane sales.
Lucrative opportunities abound in the high lifting capacity cranes i.e. > 100T capacity segment.
Application in fracking pipe yards, transmission distribution lines, and tank firms will unlock new revenue generation opportunities.
Implementation of automation and advanced telematics are identified to be the top influential developments.
Focus on enhanced operator comfort and efficient fuel economy underpins introduction of new features in rough terrain cranes.
GCC will remain the largest market in rental as well as new sales of rough terrain cranes within MEA.
Maximum new sales will be registered in Turkey over 2016-2026.
African countries will account for significant demand owing to rapidly developing power generation and distribution infrastructure, and burgeoning mining activities.

The market has been segmented for in-depth analysis over 2016-2026, into MEA rough terrain cranes market – new sales and MEA rough terrain cranes market – rental. While market for rental rough terrain cranes is likely to witness a CAGR of 5.3% reaching a value worth US$ US$ 247.4 Mn in 2026, market for new sales of rough terrain cranes is expected to reach US$ 142.0 Mn by 2026-end, expanding at a healthy CAGR of 5.9% over the assessment period.

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MEA Rough Terrain Cranes Market – Rental

Future Market Insights expects this market to reach US$ 248 Mn in 2026.

On the basis of lifting capacity, the highest growth will be observed in > 100 tonnes capacity segment.
50-75T capacity segment will continue to dominate the market throughout the forecast period.
75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026, accounting for more than 27% share of the entire market revenues at the end of forecast period.
By boom length, 25-35 metre segment is projected to remain dominant with a major revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over 2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.
35-50 metre segment will retain the second largest segment position with estimated revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market value. This segment is expected to demonstrate the fastest growth at a CAGR of 5.6%.
Based on country, GCC will continue its monopoly with over 60% value share by the end of forecast period, eventually approaching US$ 150 Mn by 2026 end.
South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey will witness higher growth rates of over 7%.

Among the leading players in the MEA rough terrain cranes market, Terex Corporation is identified to hold the most prominent share of over 21% in terms of new sales. Other leading companies include The Manitowoc Company, Inc., Tadano Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group, Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and KATO WORKS CO., LTD.

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Market segmentation

To understand and assess opportunities in the Middle East and Africa rough terrain cranes market, we have divided the report into four sections based on market segmentation as under:

By Lifting Capacity

Upto 25 Tonnes
25.1 to 50 Tonnes
50.1-75 Tonnes
75.1-100 Tonnes
More than 100 Tonnes

By Boom Length

Upto 25 meters
25.1-35 meters
35.1-50 meters
More than 50 meters

By Sales Channel

New Sales
Equipment Rental

By Country

GCC
Israel
Turkey
South Africa
Northern Africa
Rest of Middle East and Africa

MEA Rough Terrain Cranes Market – New Sales

This market, according to Future Market Insights, will account for the revenues of nearly US$ 142 Mn by 2026-end.

By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.
75-100T capacity segment is likely to account for over 28% market value share in 2026.
> 100T capacity segment is predicted to witness the highest CAGR resulting in almost exponential growth in sales revenues over 2016-2026.
In terms of boom length, 25-35 metre segment will continue to dominate through 2026, accounting for more than 43% value share.
> 50 metre segment will be the fastest growing segment, exhibiting an impressive CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.
Country-wise, GCC will retain dominance, followed by South Africa. While the former is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach over US$ 20 Mn in 2026.
GCC reaffirms the leading position with around 58% value share in 2026, whereas the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over the assessment period.

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