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Aquaculture Therapeutics Market is likely to reach US$ 4190.3 Mn by 2032, up from US$ 1634.8 Mn in 2022 | FMI

[323 Pages Report] The global aquaculture therapeutics market is expected to reach $4190.3 million by 2032, up from $1634.8 million in 2022, at a 9.9% CAGR during the forecast period. The growing need for effective aquaculture treatment is expected to drive up demand for aquaculture therapeutics. Furthermore, the rising prevalence of bacterial illnesses among aquaculture species drives the aquaculture therapeutics market growth.

Aquaculture Therapeutics Market: Drivers and Restraints

A lot of advances are taking place in the aquaculture therapeutics as there are several diseases which are affecting the animals cultured in the aquaculture. There are several diseases which are driving the aquaculture therapeutics market. Mostly the diseases are dependent on hygiene conditions which are to be maintained. Advances in aquaculture therapeutics, and growing demand for the more effective aquaculture therapeutic drugs are the factors expected to drive the growth of aquaculture therapeutics market. More over the demand for aquaculture is growing day by day due to the decreasing number of the oceanic fishes and increasing consumption of the fishes at a global level.

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The Farming or the culturing of aquatic animals like the fishes, algae, mollusks, crustaceans, aquatic plants and other aquatic organisms in different types of water is termed as Aquaculture. The cultivation process involves nurturing of these aquatic organism in the controlled condition either in fresh or in salt water. Later on these aquatic organisms are then harvested to be served as the source of nutrition or to be used for many other purposes.

The aquatic animals are very sensitive and are prone to various epidemic diseases. Other factors affecting the aquatic cultured animals are Pathogens (e.g. bacteria, viruses, fungi and parasites) exist in all natural water bodies. At the same time crowded culture environment makes the causes high risk for infection and makes the fishes nervous. Crowding also results in fish knocking eventually leading to surface wounds which is a cause for inaction.

These can be cured using several FDA approved antibiotics and other medicines. Apart from diseases medicines are used to improve the wellbeing of the fishes in the aquaculture. The list of drugs includes chorionic gonadotropin, formalin solution, florfenicol, oxytetracycline, tricaine methane sulfonate, hydrogen peroxide, sulfadimethoxine/ormetoprim combination, acetic acid, calcium chloride, calcium oxide, carbon dioxide gas, fuller’s earth, garlic (whole form), ice, magnesium sulfate, papain, potassium chloride, povidone iodine, sodium bicarbonate, sodium chloride, sodium sulfite, thiamine hydrochloride, urea and tannic acid.

The above mentioned drugs take care of the aquatic animals fighting with several diseases which are not only harmful to the aquatic animals but are also harmful to the consumer. There are two different categories of diseases which affect the aquatic population viz. diseases due to pathogens which are indigenous to the local environment and exotic pathogens.

Aquaculture therapeutics market: Overview

Despite the long tradition of practicing aquaculture in several countries it is still a growing and a business with great scope. The requirement of aquaculture therapeutics is increasing day by day as more and more countries have stared adopting aquaculture which is cheaper source of protein. As the fishes or the animals are consumed by the human FDA has set up certain regulatory guidelines for the drugs to be administered to the fishes in aquaculture. They are categorized as conditionally approved animal drugs and indexed animal drugs. Depending upon environmental and diseased conditions these drugs are used in the aquatic fishes.

Aquaculture therapeutics market: Regional Overview

Region wise, the global Aquaculture therapeutics market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. China is the leading in the aquaculture market which contributes around 61% of the global aquaculture market which is followed by Indonesia and India.

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Aquaculture therapeutics market: Key Players

Some of the key players in global Aquaculture therapeutics market are

TunaTech GmbH,
ViAqua Therapeutics Ltd,
Alpharma, 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 categories such as market segments, geographies, type of product and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Aquaculture Therapeutics Market: Segmentation

The global Aquaculture therapeutics market has been classified on the basis of product type, end user and geography.

Based on product type, the global Aquaculture therapeutics market is divided into following:

Chorionic Gonadotropin
Formalin Solution
Florfenicol
Oxytetracycline
Tricaine Methane Sulfonate
Hydrogen Peroxide
Sulfadimethoxine/Ormetoprim combination

Based on the end user type, the global aquaculture therapeutics market is divided into following:

Veterinary Pharmacies
E commerce
Veterinary Clinics
Veterinary Hospitals

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Gynaecological Examination Chairs Market is expected to cross US$ 1,113.02 Mn by 2032 | Says FMI Analyst

The global Gynaecological Examination Chairs Market is predicted to grow at a CAGR of 6.9% during the forecast period, with a revenue of US$ 571.12 Mn in 2022 and a revenue of US$ 1,113.02 Mn by 2032.

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Gynecological Examination Chairs market. FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Gynecological Examination Chairs market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision.

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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Gynecological Examination Chairs market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Gynecological Examination Chairs market. With our extensive research and information about the past, current and future market scenario, the Gynecological Examination Chairs market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Gynecological Examination Chairs market?
What are the drivers and challenges affecting the Gynecological Examination Chairs market demand?
What are the recent technological advancement in the Gynecological Examination Chairs market?
What are key trends and opportunities that will prevail the revenue growth of Gynecological Examination Chairs market players?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Gynecological Examination Chairs market?

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Gynecological Examination Chairs Market: Segmentation

By Region

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

Detailed analysis on the geographical region and country wise insights are offered in the latest Gynecological Examination Chairs market report with established market players as well as incumbents in the region.

Based on product type, the global gynecological examination chairs market is segmented into the following:

Non-electric Gynecological Examination Chairs
Electric Gynecological Examination Chairs
Hydraulic Gynecological Examination Chairs

Based on end user, the global gynecological examination chair market is segmented into the following:

Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Acute Care Centers
Clinics

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Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

There are many companies who provides gynecological examination chair with different specifications and features. Some of the key players in global gynecological examination chairs market includes: Malvestio, Harbin Howell medical apparatus and intstrument co ltd, Inmoclinc S A, Medifa-Hesse AG, Oakworks medicals, Favero Heath Projects, Hidemar, Combed and others.

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

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Gynecological Examination Chairs market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Smart Insulin Pens Market Share, Top Operating Players, Recent Enhancements and Regional Analysis 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global smart insulin pens market is likely to surpass the billion dollar mark by 2021, expanding at a positive CAGR, as per a newly published research report. A stupendous double digit growth rate has been predicted for the market in the long-run. Growing preference for non-invasive treatment and the ever widening diabetes burden are likely to steer the market in a forward direction.

According to FMI’s report, the market posted significant gains in the past, with Bluetooth smart insulin pens generating over 30% of the revenue share in 2017. Also, according to the International Diabetes Federation, presently, just under half a billion people are living with diabetes worldwide, and their number is projected to increase by 25% in 2030, and 51% by 2045 respectively.

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Manufacturers, therefore, are leveraging these trends to introduce novel and innovative product lines, enabling them to secure a firm footing in the market. In November 2020, for instance, Medtronic launched its InPen^TMsmart insulin device equipped with real-time Guardian^TMConnect CGM Data- the first smart insulin pen for diabetics on multiple daily injections. Recently, in April 2021, BioCorp and Roche Diabetes Care launched the Mallya smart insulin pen device in France.

Key Takeaways from FMI’s Smart Insulin Pens Market Report

By connectivity, Bluetooth connected smart insulin pens to account for over half of the revenue share by 2031
By indication, type 2 diabetes treatment to account for the bulk of smart insulin pens deployment
Retail pharmacies were the primary distribution channels for smart insulin pens, e-commerce sales spiking rapidly
US to experience credible growth amid increasing approval rates for new diabetes management devices
Growing preference for needle-free insulin injections to widen adoption across the UK
Germany & France to experience increased collaborations between key manufacturers in the long-run
Large concentration of regional level manufacturers to pivot growth across India and China

Smart Insulin Pens Market – Key questions answered in the report

What trends are in store for the smart insulin pens market growth?
According to FMI, the global smart insulin pens market is likely to register a multi-billion dollar valuation in the short and long-run forecasts, attributed to a general increase in the global diabetic population pool and the consequent increase in hospital workload. Demand for Bluetooth connected smart insulin pens is expected to remain especially high
Which is the most promising smart insulin pens market?
As per FMI’s analysis, demand for smart insulin pens are expected to remain high across the US market, attributed to unceasing efforts by the government to eradicate the diabetes epidemic by virtue of extensive advertising campaigns. Additionally, India and China are expected to emerge as the dominant markets in the Asia-Pacific region, characterized by the presence of numerous regional level manufacturers

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Which prominent players operate in the global smart insulin pens market?

Digital Medics Pty Ltd.,
Emperra GmbH e-Health Technologies,
Companion Medical Inc.,
Sanofi Aventis LLC,
Novo Nordisk A/S,
Eli Lily and Company,
Companion Medical,
Diabnext,
Jiangsu Delfu Medical Device Co. Ltd.,
DIAMESCO Co Ltd.,
Patients Pending Ltd (Bigfoot Biomedical Inc.),
BERLIN-CHEMIE

are some major smart insulin pens manufacturers profiled in FMI’s report

Competitive Landscape

Major insulin pens manufacturers are effectively leveraging major expansion strategies, ranging from new product launches and R&D to collaborating with existing manufacturers or outright/partial acquisition of key market players. A major emphasis is being laid on incorporating virtual technological advancements to enhance diabetes management.

In February 2021, Novo Nordisk and the University of Toronto announced a CAD 40 million investment deal to establish the Novo Nordisk Network for Healthy Populations. This network will focus on new approaches to address diabetes and aid in chronic disease prevention. This will likely help broaden smart insulin pens development.

Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter and synchronization of data on the Cloud for use with mobile devices.

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According to FMI’s report, the following insulin pens manufacturers currently operate in the global market:

Digital Medics Pty Ltd.
Emperra GmbH e-Health Technologies
Companion Medical Inc.
Sanofi Aventis LLC
Novo Nordisk A/S
Eli Lily and Company
Diabnext
Jiangsu Delfu Medical Device Co. Ltd.
DIAMESCO Co Ltd.
Patients Pending Ltd (Bigfoot Biomedical Inc.)
BERLIN-CHEMIE

Smart Insulin Pens Market – Key Segments Covered

Indication

Diabetes Type I
Diabetes Type II

Connectivity

Bluetooth Connected
USB Connected

Distribution Channel

Clinics & Ambulatory Surgical Centers
E-Commerce
Retail Pharmacies

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Vision Care Market is projected to be valued at US$ 169.37 B by 2032, is expected to grow at a decent CAGR of 7.3% from 2022 – 2032

[340 Pages Report] The global vision care market is valued at US$ 83.72 billion in 2022. The market is expected to be valued at US$ 169.37 billion by 2032. The CAGR is expected to be 7.3% during the forecast period.

Since the past decade, there has been an increase in the usage of electronic devices. The more time we spend in front of the screen, the more our eyes get exposed to the rays emitted from the devices. This in turn starts affecting our eyes, and we start adopting various types of vision care products.

Additionally, we are living at times when the people working in large corporate houses hardly have any time to prepare food by themselves. Because of this they start consuming fast foods, which are believed to be unhealthy.

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Therefore, the eyes are not able to receive the required nutrients. This has led to an increase in the demand for vision care products.

Moreover, there have been tremendous improvements in the logistics and supply chain management, as a result of which the vision care products can be transported from any part of the globe.

However, if there is one segment which has significantly contributed to the growth of vision care market it is the geriatric population. With age, the eye lens become rigid, which leads to different kinds of eye problems. Thus, the increased requirement by geriatric population is expected to increase the sales of vision care products.

Moreover, there have been increased initiatives taken by the government and other ruling authorities to increase the awareness of vision care devices.

Key Takeaways:

The vision care market is expected to grow at a CAGR of 7.3% during the forecast period.
The vision care market is expected to be valued at US$ 169.37 billion by 2032.
The vision care market is valued at US$ 83.72 billion as on 2022.
Based on the product type, the spectacle lens segment is the most preferred segment in the vision care market.
Based on the type, the non-prescription mode is expected to surge the market for vision care devices.
Based on the channel, the retail hypermarket/superstore is the most preferred in the vision care market.
North America is projected to be the largest market based on regional insights.
Asia Pacific is the second largest, and the fastest growing vision care market.
Based on country analysis, USA vision care market the largest market, with a share of nearly 34% in North America, and is expected to grow at a CAGR of 7.5% during the forecast period.
India market is expected to grow at a CAGR of 9.4% during the forecast period.
Chinese vision care market is anticipated to grow at a CAGR of 7.1%

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Competitive Landscape

With a view to increase their footprints across the nations, the major players are getting involved in mergers and acquisitions which would drive their business to new heights.

Some of the recent developments are:

In July 2022, Bausch and Lomb enrolled first patient in LASIK clinical trial, thereby evaluating the use of Technolas TENEO Excimer Laser for vision correction surgery for hyperobia.
In February 2022, Johnson and Johnson was named a 2022 Fortune world’s most admired company and ranked #1 on the pharmaceutical industry list.

Key Companies Profiled

Bausch and Lomb (Acq. by Valeant Pharmaceuticals)
Alcon (sub. Novartis AG)
CooperVision
Johnson & Johnson
LUXOTTICA GROUP
Essilor
ZEISS International
Safilo Group
Rodenstock.

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Key Segments in the Vision Care Market

By Product Type:

Spectacle Lenses
Contact Lenses
Cleaning & Disinfecting Solutions

By Type:

Rx (Prescription)
Non-Rx (Non-prescription)

By Distribution Channel:

Hospitals
Ophthalmic Clinics
Optometry Stores
E-Commerce
Retail Hypermarket/Superstore

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Wearable Sleep Trackers Market is projected to expand at a CAGR of 7.8% from 2022 – 2028 and is expected to be valued at US$ 3.1 Bn by 2028

[265 Pages Report] The global Wearable Sleep Trackers Market is anticipated to generate US$ 3.1 Bn in revenue by the end of 2028, growing at a CAGR of 7.8% over the forecast period. Over the course of the forecast period, the Asia-Pacific wearable sleep tracker market is anticipated to rise significantly at a CAGR of around 11%.

The global wearable sleep tracker market is segmented based on product type, application, distribution channel and regions. Based on product type, the global wearable sleep tracker market is segmented into wearable sleep tracker ring devices, wearable sleep tracker wristband and hand band devices, wearable sleep tracker headband devices and sleep mask tracker devices. The wearable ring devices is expected to be the leading segment in the global wearable sleep tracker market, and is projected to grow at a CAGR of 9.5% over the forecast period.

Based on application type, the global wearable sleep tracker market is segmented into insomnia, sleep apnea and others. The others segment (including wellness application) in the global wearable sleep tracker market is expected to account a high revenue share and grow at a CAGR of 7.1% over the forecast period. Based on distribution channel, the global wearable sleep tracker market is segmented into pharmacy and retails stores, online sales, hypermarkets and supermarkets and others. The online sales in the global wearable sleep tracker market is expected to be the leading segment, and is expected to grow at a CAGR of 7.9% over the forecast period.

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The growth of the global wearable sleep tracker market is primarily driven by increasing incidence of sleep disorders such as insomnia and sleep apnoea globally, availability of different types of wearable sleep trackers and growing awareness regarding sleep-related ailments and importance of a healthy sleep. Likewise, the number of new cases of sleep disorders have increased globally owing to the rise in obese and geriatric population and increase in unhealthy habits leading to unhealthy lifestyle. Different types of wearable sleep tracker devices are present in the market with different price ranges and fitness requirements. Besides, awareness regarding healthy sleep is also growing due to several educational programs and availability of information on the internet on conditions such as insomnia and sleep apnoea. Several sleep foundations such as the National Sleep Foundation are consistently spreading awareness regarding sleep disorder symptoms, diagnosis and treatments available.

There is a consistent growth in the healthcare expenditure in developed regions such as North America, Western Europe and Japan owing to increased incidence and prevalence of health-related problems and sleep disorders. Besides, growth in disposable income has contributed to an increase in wellness penetration, which has led to the growth of the market for wearable sleep tracker. Improved wearable sleep tracker technologies and better aesthetics are also expected to drive the growth of the wearable sleep trackers market over the forecast period.

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This report assesses the trends that are driving the growth of each segment of the wearable sleep tracker market on the global as well as regional level, and offers potential takeaways that could prove substantially useful to the manufacturers planning to enter the wearable sleep tracker market.

North America accounted a high revenue share in 2017 and is expected to be the dominant regional market for wearable sleep tracker over the forecast period. The U.S. wearable sleep tracker market is expected to hold a large share in North America and is expected to grow at a CAGR of 5.1% over the forecast period. China and Asia Pacific excluding China & Japan wearable sleep tracker markets are anticipate to exhibits with double digit CAGRs over the forecast period.

Examples of some of the key players covered in the report of the wearable sleep tracker market are Fitbit, Inc., Garmin Ltd., Koninklijke Philips N.V., Huami Corporation, Fossil Group, Inc., and Huawei Technologies Co., Ltd., among others. The companies are focusing on developing novel wearable technologies. However, the higher cost associated with certain wearable sleep trackers and lack of standardization of these devices might hinder the growth of the wearable sleep trackers market over the forecast period.

In this report, we have discussed the individual strategies followed by these companies regarding the improvements in their products, creating new manufacturing facilities, market consolidation and advanced R&D initiatives. The report has been concluded with the key takeaways of the players present in the market and the new players planning to enter the market.

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Wearable Sleep Tracker Market by Category

By Product:

Wearable Ring Devices
Wearable Wrist and Hand band Devices
Wearable Headband Devices
Sleep Mask Tracker Devices

By Application:

Insomnia
Sleep Apnea
Others

By End User:

Pharmacy and Retail Stores
Online Sales
Hypermarkets and Supermarkets
Others

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Animal Model Market is projected to reach US$ 2.4 Bn by 2028, registering a healthy CAGR of 6.6% from 2022 to 2028 | FMI

The global Animal Model Market is estimated to be valued at US$ 1.7 Bn in 2022, and is projected to reach US$ 2.4 Bn by 2028, registering a healthy CAGR of 6.6% from 2022 to 2028.

According to a recently compiled study by Future Market Insights, the global Animal Model Market will reflect an impressive CAGR through the forecast period, 2017 to 2026. Revenues from the global market for animal model are poised to surpass US$ 2,200 Mn by 2026-end.

Animal Model Market Size (2022)	US$ 1.7 Bn
Sales Forecast (2028)	US$ 2.4 Bn
Global Market Growth Rate (2022 to 2028)	6.6% CAGR
Share of Top 5 Animal Model Suppliers	50%

Leveraging Animal Models offers Better Understanding of Different Diseases

Animals and human beings share a common biological as well as physiological structure. Animals possess shorter life cycle, however they have high genotype resemblance. It is simple and easy to control the animal environment as compared to the human beings.

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Key Takeaways from FMI’s Report on Global Animal Model Market

North America is expected to remain the largest and fastest expanding market for animal model, with revenues estimated to surpass US$ 800 Mn by 2026-end. Between animal model markets in Asia-Pacific and Europe, the former will account for relatively larger revenue share, whereas the latter will expand at a comparatively higher CAGR through 2026. Although the market in South Korea will account for the lowest market revenue share, revenues are projected to expand at a relatively higher CAGR than those from the markets in Latin America and Middle East & Africa (MEA) through 2026.

On the basis of species, revenues from rats and mice are projected to account for over two-fifth share of the market by 2026-end. Revenues from use of rats in animal models will expand at the highest CAGR in the market through 2026. In addition, revenues from use of cats and monkeys in animal models will rise at a nearly equal CAGR through 2026. Dogs and pigs are expected to remain the least lucrative species used in animal models during the forecast period.

Contract research organizations (CROs) and biotechnology companies are anticipated to remain the fast expanding end-users of animal models. Revenues from these two end-users are collectively forecast to surpass US$ 850 Mn by 2026-end. In terms of revenues, academic & research institutions and pharmaceutical companies will continue to be dominant end-users in the global animal model market.

Basic and applied research application of animal model will continue to register the fastest expansion through 2026. However, drug discovery/development will remain the most lucrative application of animal model.

Key companies actively contributing to growth of the global animal model market include Transposagen Biopharmaceuticals, Inc., Envigo CRS SA, Crown Bioscience, Inc., Eurofins Scientific SE, Genoway SA, Taconic Biosciences, Inc., Trans Genic Inc, The Jackson Laboratory, Horizon Discovery Group plc, and Charles River Laboratories International, Inc.

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Key Segments of Animal Model Industry Research

Animal Model Market by Species:

Rats
Mice
Guinea Pigs
Rabbits
Monkeys
Dogs
Pigs
Cats
Other Species

Animal Model Market by End User:

Academic & Research Institutions
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

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Animal Model Market by Application:

Basic and Applied Research
Drug Discovery/Development

Animal Model Market by Region:

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

Explore FMI’s Extensive ongoing Coverage on Healthcare Domain:

Behavioural Health Market

Nuclear Medicine Equipment Market

Enzyme Replacement Therapy Market

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North America to remain one of the most lucrative Power Tools Market During Forecast

In 2022, the market for power tools is anticipated to be worth US$33.36 billion. The demand for electric power tools and portable power tools will increase exponentially over the next few years, according to the most recent Future Market Insights (FMI) analysis.

Demand for handheld and pneumatic power tools will also increase due to their growing use in the automotive, construction, aerospace, and other industries. Additionally, the report projects that sales of power tools will account for 7% to 8% of the global tooling market.

Sales are anticipated to grow at a healthy 5.1% CAGR over the course of the assessment period, supported by the aforementioned factors. The total demand for power tools is anticipated to reach $51.2 million by 2032, growing at a CAGR of 5.1% between 2022 and 2032.

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The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plant shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as economic activities resume post the containment of the pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rates creating positive prospects for the power tools market growth.

Key Takeaways of Global Power tool Market Study

The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
The U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributed to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Rising Emphasis on Automobile Production is Spurring Demand For Industrial Robotics

By the end of 2028, the market for industrial robotics is anticipated to reach US$ 96.82 billion. The market is expanding as there is an increasing focus on improving the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices.

Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI).

By 2022, East Asia is anticipated to represent more than two-thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, the automotive and electronics industries are projected to hold a lion’s share of the global market based on end-use category.

Demand for Industrial Robotics Propelling in Japan

“Growing Trend of Industrial Automation to Fuel the Industrial Robotics Demand”

Over the course of the assessment period, Japan is anticipated to grow into a profitable niche in the East Asian industrial robotics market.

Key market players are being encouraged to develop advanced robotics technology by the rising trend of industrial automation and the growing adoption of novel technologies. In order to identify appropriate picking orders with a high success rate, FANUC, a Japanese provider of automation products and services, recently introduced new industrial robots with AI for Bin Picking FIELD applications.

According to estimates, these developments and product introductions will increase demand for industrial robotics in Japan and help the East Asian market account for close to 69% of global sales in 2022.

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The Factors Driving the U.S. Industrial Robotics Market

“Increasing Deployment of Collaborative Robotics to Elevate the Growth in the Market”

In the North American industrial robotics market, the United States is predicted to grow at the fastest rate, helping the region to meet more than 8% of the demand in 2022.

By introducing cutting-edge industrial collaborative robotics, which has abilities like trainability, memory, dexterity, and sensing, we are closing the gap between machines and humans.

Innovative technologies like collaborative robots are increasingly being used across a variety of industries to improve precision and quality of work due to rising consumer demand for higher-quality products and increasing industrial productivity. Sales of industrial robotics are anticipated to increase in the US market as a result.

Industrial Robotics Market by Category

By Product Type :

SCARA Robots
Delta Robots
Cartesian Robots/ Gantry Robots
Articulated Robots
Collaborative Robots (limited segments)
Dual-arm Robots

By Application :

Assembly/Disassembly
Clean Room
Dispensing
Handling Operations
Processing/Cutting
Welding
Painting & Coating
General Applications

By End Use :

Automotive Industry
Electrical/Electronics Industry
Rubber & Plastics Industry
Metal & Machinery
Food & Beverages
Plastic & Auxiliary Chemical Products
Auxiliary Industries
Bulk Commodities & Materials

By Region :

North America
Europe
South Asia
East Asia
Rest of the World

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Competitive Landscape

Key players operating in the global industrial robotics market are focusing on research and development to improve their product portfolios. In addition to this, players are investing in collaboration, merger, and acquisition to expand their product portfolio and strengthen their global footprint. For instance:

In August 2020, ABB Group, a Swiss multinational corporation announced extending its range of six-axis industrial robot by unveiling its new articulated industrial robot IRB 1300. The robot provides advanced motion control and enhance operation cycle time by assisting in material handling heavy objects.

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Temporary Fencing Panels Market, North America Is Accountable For 26% Market Share

In 2022, the size of the global temporary fencing market was 3294.6 US million. During the forecast period, the market is expected to increase and reach US$ 4676.9 Million by 2032, growing at a CAGR of 3.6%. The COVID-19 has had an unprecedented and massive impact on the world. Every region experienced low demand during the pandemic.

The market for temporary fencing panels is anticipated to grow during the forecast period as a result of the rising demand for fencing systems for security, storage facilities, and farmland security. The product’s lightweight design, simple construction process, and additional strong fencing capacity are some of its key features.

The purpose of temporary fencing panels is to prevent a defined boundary from being crossed. Temporary fencing panels are becoming more and more popular because they are the best option for outdoor spaces, especially in the short term. Numerous uses for these fencing panels exist, including pedestrian safety, construction site safety, pet and child containment, and pedestrian safety.

The base of temporary fencing panels includes base plates, blocks, and counterweights. Additionally, temporary fencing panels are made from premium materials, coated in accordance with BS EN 10244-2 standard, and can also be produced using SmartWeld 100 technology.

These fencing panels are available in a range of heights and weights, and they undergo a number of tests before being put to use, including wind loading, stability tests, and impact tests. Such noteworthy factors will foster the expansion of the temporary fencing panel market on a global scale.

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The temporary fencing panels are also known as construction hoardings or temporary fencing hoardings when they are placed at construction site locations. These fencing panels are an excellent alternative to permanent fencing because of their adaptability and portability. The sales of temporary fencing panels will soar for use outside as decoration of homes and gardens due to the various materials and designs.

The Key Trends Driving Sales Of Temporary Fencing Panels

With the growing demand for PVC and plastic fences that are reasonably priced, lightweight, and simple to install as well as the increasing accessibility of these fences, the demand for temporary fencing panels is anticipated to rise.

The temporary fencing panels market is dominated by non-residential locations, such as exhibitions, concerts, special events, and local council construction sites, among others. The market growth is accelerated by the rising demand for temporary and plastic fencing.

Additionally, temporary fencing panels are being used more frequently in residential areas for security and safety reasons. According to predictions, this factor will help the global market expand during the forecasted period.

Temporary fencing panels have advantageous qualities like reusability, toughness, lower cost, and minimal maintenance. These characteristics increase the demand for temporary fencing panels, which promotes the market’s healthy expansion.

The demand for safety and security solutions is being fueled by the impending boom in real estate development, growing industrialization, and aggressive investments in private and public organisations in the construction sector, particularly in developing nations like India and China.

Currently, transformer stations, high-voltage equipment in open spaces, machinery with potentially hazardous parts, industrial plant quarries, explosive factories, other wildlife parks, military facilities, prisons, aquatic centers, and airfields all need temporary fencing panels. This will further increase demand for temporary fence panels.

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North America Hold A Significant Market Share

North America holds a 26% market share in the global market for temporary fencing panels. Market dominance is made possible by the persistent growth of construction activities throughout this region. In fact, more than 50,000 fence contractors call the United States their home, and they provide goods and services to clients all over the world.

During the anticipated period, the North American market is also anticipated to experience significant growth. Additionally, the market for temporary fencing panels in North America is predicted to grow as more households in the region adopt home décor products.

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Barcode Scanner Market Is Expected To Reach At A CAGR Of Over 7.6% By 2031 – FMI

The market size for barcode scanners is worth US$ 7 billion in 2021, according to recently released data from FMI. Between 2021 and 2031, the market is anticipated to expand at a CAGR of more than 7.6%. Over the course of the assessment period, it is anticipated that the demand for barcode scanners will rise as the healthcare sector expands.

Despite the difficulties caused by the COVID-19 outbreak, there was a quick transition from handheld laser scanning to imaging solutions, which increased the demand for barcode scanners. With a 30%+ value share in 2021, North America will continue to be the market leader. The healthcare industry is cited as a major contributor to the expected positive outlook for barcode scanner demand in North America.

North America to Become Dominant in the Barcode Scanner Market

North America is expected to generate a total incremental opportunity of more than US $1500 Mn between 2021 and 2031.By the end of 2021, it is anticipated that the North American barcode scanner market will hold a greater than 30% value share. Over the course of the forecast period, the region is anticipated to grow at a CAGR of 6.9%.

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By the end of 2021, sales of barcode scanners are anticipated to reach a value of US$140.4 million in the U.S. The market is anticipated to expand significantly during the forecast period, exhibiting high value-high growth.

However, it is anticipated that during the forecast period, the Canadian barcode scanner market will tend toward low-value-high growth. Between 2021 and 2031, Canada is anticipated to offer a total incremental opportunity of more than US$ 240 million.

Although barcoding is widely used worldwide, different technologies and systems are adopted in various regions. In the United States, barcodes were first used in products when one was printed on a pack of chewing gum in the early 1950s.

As far as tracking and recording product information goes, barcoding is now considered standard. High-end barcode scanners have been adopted in North America by a variety of industries. These scanners include stationary, omnidirectional, cordless, rugged, and rugged scanners.

When compared to other technologies used in this area, the growth rate of barcode scanner technologies like CCD and pen-type readers is slower. The creation of specialised barcode scanners for particular uses, such as barcode scanners for use with admission tickets for theme parks and hospitals, is another trend.

Rising Barcode Scanner Application in the Healthcare Sector to Facilitate Growth

Every area of the healthcare industry is using barcode scanners more and more. According to the Institute of Medicine of the National Academies (IMNA), the majority of medical mistakes that occur during a patient’s hospital stay are brought on by improper medication, which is a result of an incorrect diagnosis that results in death. As a result, hospitals now prefer to feed updated patient information into a computer-recommended database.

Every conceivable error can be fixed by using barcode scanners. It becomes simple to keep accurate patient records and lower drug-related errors while a patient is in the hospital. As a result, barcode scanners are now more in demand in North America.

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Barcode Scanning Becoming a Norm in the Retail Sector

In North America, the use of barcode scanners in manufacturing and retail is expanding quickly. One of the best methods for gathering product information is now barcode scanners. Barcodes are used by retailers all over the world to easily track supplies and goods.

Products have barcodes applied to labels, which aid in keeping track of data such as product count, manufacturing date, date of supply to the retailer, selling price, etc. The data is retrieved and tracked when these products are scanned.

This entire procedure, which is finished in a matter of seconds, improves efficiency while reducing errors. This has aided retailers in keeping track of their stock on the shop floor and in the warehouse. All of the products sold by large retailers like Walmart, Carrefour, Costco, and IKEA have barcodes. As a result, the North American market for barcode scanners is expanding.

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