Recent Study Reveals Growth Prospects of Aspiration and Biopsy Needles Market During 2022-2032

The Aspiration and Biopsy Needles Market is forecasted to be worth US$ 0.87 billion in 2021, with a CAGR of 7% forecast to hit US$ 1.83 billion by 2032.

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Attributes Details
Aspiration & Biopsy Needles Market CAGR (2022 – 2032) 7%  
Aspiration & Biopsy Needles Market (2026) US$ 1.29 Bn
Aspiration & Biopsy Needles Market Attraction Asia Pacific to gain momentum

Many growth-promoting factors are driving the aspiration and biopsy needles market, along with rising demand for minimally invasive surgeries, greater cancer awareness campaigns by global health organizations and governments, and rising cancer diagnoses.

Cancer screening, cancer management visits, and cancer biopsy procedures have all decreased significantly due to the COVID-19 pandemic. In addition, cancer screening operations were hampered due to the lockdowns, resulting in a reduction in demand for biopsy needles.

Since March 2020, COVID-19 has resulted in a substantial drop in imaging operations (for all modalities).

The aspiration and biopsy needles market players have an opportunity to expand their presence in the unexplored aspiration and biopsy needles market of emerging nations. For example, in the Middle East and Asia-Pacific, the senior population and cancer prevalence rapidly rise, yet biopsies are mostly administered using the standard surgical approach.

Emerging economies such as India, China, and South Korea provide market participants with high-growth potential. As a result, the Asia Pacific market is predicted to grow at the fastest CAGR during the forecast period.

The driving factors of the aspiration and biopsy needles market are fueling the global of this regional aspiration and biopsy needles market are increased government initiatives for cancer diagnostics and screening, increased research activities, and the high incidence of cancer in significant Asia Pacific countries such as India and China.

As a result, enterprises in the area have begun merging several imaging modalities to improve the operation and lower the cost for patients. Furthermore, as individuals in this country become more informed about efficient cancer diagnostic procedures, aspiration and biopsy needles market manufacturers have the potential to expand by focusing on developing-country clients.

“India is facing an acute shortage of oncologists, radiotherapists, and surgical oncologists. With 1.8 million cancer patients in the country, there is only one oncologist to treat every 2,000 patients.”

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Radiologists and surgeons use biopsy needles to examine abnormalities at a specific site. Since these treatments include cuts and incisions for obtaining tissue samples, patients may become infected. In addition, aspiration and biopsy needles are frequently reused, which raises the risk of infection during these operations. Although the reuse of biopsy needles is discouraged by healthcare authorities and product manufacturers, the practice persists, particularly in underdeveloped nations.

Key Takeaways:

  • By 2026, the global aspiration and the biopsy needle are estimated to reach US$ 1.29 billion.
  • Core needle biopsy (CNB) is the most common type of biopsy, accounting for over 47% of the total aspiration and biopsy needle market in 2019.
  • Hospitals accounted for 74.3% of the entire aspiration and biopsy needle market in 2019.
  • North America is the world’s largest consumer area, accounting for 35.2% of worldwide aspiration and biopsy needle market sales in 2019.
  • Europe is a significant consumer aspiration and biopsy needle market, accounting for 30.46% of worldwide sales.
  • Vacuum-assisted biopsy, biopsy guns, and biopsy forceps and punches will all develop at far faster rates than Fine Needle Aspiration, with CAGRs of 3.97 percent, 3.70 percent, and 1.63 percent, respectively.

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Comparative View of Adjacent Aspiration & Biopsy Needles Market

Attributes Aspiration & Biopsy
Needles Market
Pen Needles Market Needles Market
CAGR (2022 – 2032) 7%   11%   8%  
Market Value (2026) US$ 1.3 Bn US$ 2.2 Bn US$ 9.8 Bn
Growth Factor Growing number of cases in cancer and awareness with check-ups camps to drive demand. Rising preference for biosimilar drugs as well as emerging markets to drive demand. Growing adoption of injectable drugs to drive demand for needles.
Opportunity Improvements in the healthcare infrastructure to drive demand for disease management techniques. Favorable policies by governments and insurance service providers to offer opportunities. Availability of needle technology to decrease the pain level and anxiety is likely to boost market growth.
Key Trends Investments in APAC could benefit in lowering overhead costs. Expansions as well as product launches are the key move. Awareness about blood donation to improve market potential.

Competitive Landscape

To expand their portfolio and streamline the competition, manufacturers in the aspiration and biopsy needles market have acquired other companies in recent years.

Olympus Corporation, Boston Scientific Corporation, Medtronic plc, Stryker Corporation, Becton, Dickinson and Company, Argon Medical Devices Inc., CONMED Corporation, Merit Medical Systems Inc., Sterylab s.r.l., Cook Medical LLC, and Cardinal Health Inc. are among the significant global aspiration and biopsy needles market manufacturers.

The following are some noteworthy developments in this aspiration and biopsy needles market’s competitive landscape:

  • In September of last year, Olympus Corporation of Tokyo gained FDA certification for its EZ Shot Plus 25 G needle.
  • Olympus Corporation, based in Tokyo, introduced aspiration biopsy needles with Side Port – Reusable to the market in April 2016. (NA-2C-1)
  • In the United States, Cook Group Incorporated released the EchoTipProCore 20 Gage Needle a few years ago. It was designed for fine needle biopsy with ultrasound guidance (FNB).
  • In January 2021, Hologic, Inc. acquired SOMATEX Medical Technologies GmbH, a leader in biopsy site biomarkers, for USD 64.00 million. The acquisition funds Hologic, Inc.’s strategy to deliver a varied range of novel solutions for breast cancer treatment. Hologic, Inc. would be able to expand the breast cancer marker portfolio.

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Ultrasound Systems Market Advancements and Technological developments 2022-2028

The global Ultrasound Systems Market is estimated at USD 9.5 billion in 2022 and is projected to reach USD 13.2 billion by 2028, growing at a CAGR of 5.5% during the forecast period (2022-2028).

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Digitization in the healthcare sector has revamped the ultrasound systems market. The advancements in different spheres of the industry has benefited not just the patients but the market too, as the demand for medical examination has surged over the past decade. A new market research report by Future Market Insights, revolves around an in-depth and an all-inclusive analysis of Global Ultrasound Systems Market, reveals a strong growth of the market due to upgraded services provided to the patients and also the easier approach to the internal body examination witnessed with the usage of ultrasound systems.

Data Points Market Insights
Market Value 2021 US$ 9.0 Bn
Market Value 2022 US$ 9.5 Bn
Market Value 2028 US$ 13.2 Bn
CAGR 2022-2028 5.5 %
Market Share of Top 5 Countries 55.1 %
Key Industry Players GE Company, Fujifilm Holdings Corporation, Siemens AG, Koninklijke Philips N.V., Toshiba Medical System Corp., Hitachi Medical Corp., Mindray Medical International Ltd, FUJIFILM Holdings Corporation, Samsung Medison Co., Ltd, Esaote SpA and Others

According to the outcomes of global forecast mentioned in the report titled ‘Ultrasound Systems Market – Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2028’, the global ultrasound systems market is expected to reach a market value of over US$ 13.2 Bn by the end of 2028, growing at an impressive CAGR of 5.5% during the forecast period.

Hospitals to hold largest share in Ultrasound Systems Market with highest demand for application in Radiology

Hospitals shift toward more value-oriented products, they need to operate more efficiently and productively. Similarly, a quality shift has occurred with patients, who more proactively involved in their care. Trends from the shift to value-based care include data integration and population health management. An influx of data combined with advancements in imaging helps leverage these data to not only bring further value but also apply it to broader populations. Along with the clearer and high definition pictures that are a part of ultrasound systems, there has also been an introduction to the portable machines. These are the more handy and easy to move form of ultrasound systems that have come into existence not long ago.

Although the developed nations are already familiar with the technology, the market may find a higher prospects of growth in the developing regions. The market analysis has shown that hospitals hold the highest market share in the Global Ultrasound Systems Market, however diagnostics imaging and surgical centers are expected to raise a higher demand for the systems in the coming years. In terms of application the market is also dominated by Radiology as the key application area for ultrasound systems and is expected to continue growing further at a CAGR of 6.3% during the forecast period, as analyzed by FMI.

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Scope of the Report

Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2012-2021
Market Analysis US$ Mn for Value
Key Regions Covered North America, Latin America, Western Europe, Eastern Europe, APECJ, Japan and Middle East and Africa
Key Countries Covered US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Nordic Countries, China, Japan, India, ASEAN, Australia, New Zealand, South Africa and GCC Countries
Key Market Segments Covered Modality, Application, End User and Region
Key Companies Profiled
  • GE Company
  • Fujifilm Holdings Corporation
  • Siemens AG
  • Koninklijke Philips N.V.
  • Toshiba Medical System Corp.
  •  Hitachi Medical Corp.
  • Mindray Medical International Ltd
  • FUJIFILM Holdings Corporation
  • Samsung Medison Co., Ltd
  • Esaote SpA
  • Others

Favourable Government Policies to Benefit Start-up Companies and Independent diagnostic centers

As a move to encourage start-up companies, government of various regions like Asia Pacific and MEA have bolstered the initiatives to support the new start-ups who are entering the healthcare and medical device industry. It includes exemption of taxes for the first three years, subsidizing patent protection cost etc. The move is intended to boost the overall market for medical devices.

Specifically the medical imaging market has also taken an independent position in the global market. With the betterment in services and advanced facilities related to ultrasound or any other imaging techniques, the global market is expected to witness a higher volume of independent imaging centers.

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The companies have also independently introduced handy and user-friendly devices in the market. GE, Philips, Samsung, Fukuda, Mindray, Hitachi, Toshiba, and Siemens, all these companies offer their own particular models.

The coming years will showcase more advanced ultrasound systems, which will provide an image clearer than 3D or 4D pictures.

Key Market Segments Covered in Ultrasound systems Market Research

By Modality:

  • Cart/Trolley Based
  • Compact/Hand Held

By Application:

  • Radiology
  • Obstetrics & Gynaecology
  • Cardiology
  • Gastroenterology
  • Others

By End User:

  • Hospitals & Clinics
  • Diagnostic Imaging & Surgical Centers
  • ASCs
  • Others

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Endovenous Laser Therapy Market Analysis and Opportunity Assessment 2022-2031

The global Endovenous Laser Therapy Market was valued at US$ 378.3 Mn in 2021 and is expected to reach US$ 811.0 Mn by 2031, finds `Future Market Insights (FMI) in a recent market survey.

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According to a recent study by Future Market Insights (FMI), the global Endovenous Laser Therapy Market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 378.3 Mn in 2021 to over US$ 811.1 Mn by 2031. This reflects a cumulative CAGR of around 7.9% over the forecast period (2022-2031).

Data Points Market Insights
Market Value 2021 USD 378.3 Mn
Market Value 2022 USD 407.6 Mn
Market Value 2031 USD 811.0 Mn
CAGR 2022-2031 7.9%
Key Players The key players in AngioDynamics, Inc., Syneron
Medical Ltd., Dornier MedTech GmbH, Alma Lasers
Ltd., Alna-Medical system GmbH, LSO Medical,
Wontech Co., Ltd., intros Medical Laser GmbH and
Energist Ltd
Share of Top 5 Countries 59.7%

Rise in number of varicose veins cases, availability of technologically advanced laser therapy, shift towards minimally invasive procedures and increasing product launches are the primary factors responsible for the growth of the market during the forecast period.

Varicose veins are more common in pregnant women, partially because the baby puts more pressure on the veins and partly because hormones generated during pregnancy relax vein walls. Varicose veins can develop as a result of damage to a deep leg vein. Over the projected period, rising instances of varicose veins are expected to drive revenue growth in the endovenous laser systems market.

Another factor that is having a positive impact on endovenous laser therapy is the rapid change in lifestyle with no physical activity and labour across the globe, as well as the rise in the elderly population, both of which are anticipated to contribute to the global market’s growth over the forecast period. The market is also expected to develop due to the quick and effective technique as well as the growing demand for endovenous laser therapy.Moreover, growing prevalence of obesity worldwide is driving growth of the endovenous laser therapy market. Obesity leads to problems related to blood circulation which leads to varicose veins.

Medical device manufacturers operating in the endovenous laser therapy market are focusing on providing user friendly devices to the end users to minimize chances of manual errors. In addition, continuous launch of new and improved products and increasing investment in research and development by the manufacturers in endovenous laser therapy devices would lead to growth of global market over the forecast period.

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Scope of the Report

Attribute Details
Forecast
Period
2022-2031
Historical
Data
Available for
2016-2021
Market
Analysis
USD Million for Value and Volume in Units
Key Countries
Covered
US, Canada, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, South Africa
Key Segments
Covered
Product, End User and Region
Key
Companies
Profiled
• AngioDynamics, Inc.

• Syneron Medical Ltd.

• Dornier MedTech GmbH

• Alma Lasers Ltd.

• Alna-Medical system GmbH

• LSO Medical

• Wontech Co., Ltd.

i• ntros Medical Laser GmbH

• Energist Ltd.

Report
Coverage
Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Takeaways from Endovenous Laser Therapy Market Study

  • Endovenous laser systems held the maximum share of 92.0% in 2021 by component, expanding at a rapid rate owing to the rising number of varicose veins cases and increase in number of product launches with advanced features.
  • Ambulatory surgical centers showed maximum growth among all end users with a market share of 36.2% in 2021 owing to the rise in demand for outpatient surgeries. In countries such as the U.S., endovenous laser therapy for varicose veins is majorly performed in ambulatory surgical centers rather than hospitals in order avoid long-time waiting in big hospital settings, which is why the segment is developing at a rapid rate
  • North America held the largest share of 42.7% of the global endovenous laser therapy market by region in 2021 indicating the growth due to increase in prevalence of obesity and growing number of FDA approvals in North America.

“Growing prevalence of varicose veins, shift towards minimally invasive procedures, availability of novel laser treatment and increasing number of product launches Is Expected to Drive the Demand for Endovenous Laser Therapy over the Decade,” says the FMI Analyst

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Who is winning?

The key market players covered by FMI include AngioDynamics, Inc., Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, Wontech Co., Ltd., intros Medical Laser GmbH and Energist Ltd.

Some of the leading manufacturers of endovenous laser therapy market are focusing on product launch, approvals, collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In January 2021, Syneron Medical Ltd. announced the availability of the Frax Pro™ system. The FDA-cleared and CE-marked, non-ablative fractional device is the first platform featuring dual-depth skin resurfacing with both Frax 1550™ and the novel Frax 1940™ applicators.
  • In July 2020, Wontech announced that ‘Picowon’, an alexandrite (755nm)-based pico laser, has obtained US Food and Drug Administration (FDA) approval for the first time in Asia and the second in the world.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global endovenous laser therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on endovenous laser therapy segment based on product (Endovenous Laser Systems {Diode Lasers and YAG Lasers}, and Endovenous laser Fibers {Bare Tip Laser Fiber, Radial Tip Laser Fiber and Gold Tip Laser Fiber}), and end user (hospitals, ambulatory surgical centers and Specialized Clinics) across seven major regions.

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About Future Market Insights (FMI) 

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Biologic Excipients Market Growth, Regional Analysis, Trends and Forecast 2022-2028

Future Market Insights (FMI) delivers key insights on the global Biologic Excipients Market in its upcoming report titled “Biologic Excipients Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022 – 2028”. In terms of revenue, the global biologic excipients market is projected to register a CAGR of 3.4% over the forecast period owing to various factors, regarding which FMI offers detailed insights and forecasts in this report.

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The global Biologic Excipients Market was valued US$ 1.3 Bn in 2021 and is expected to reach US$ 1.7 Bn by 2028

Data Points Market Insights
Market Value 2022 USD 1.4 Bn
Market Value 2028 USD 1.7 Bn
CAGR 2022 – 2028 3.4%  
Top 5 Countries % Share 61.1%  

Global Biologic Excipients Market: Segmental Analysis & Forecast

The global market is segmented based on excipient type, end user and region. Based on excipient type the market is segmented into polymers, sugar alcohols, polysorbates, inorganic salts, amino acids, surfactants and others. Polymers biologic excipients are anticipated to lead the biologic excipients market over the forecast period. Polymer biologic excipients account for the highest revenue share and are anticipated to witness a growth rate of 3.7% over the forecast period.

By end user, the market is segmented into biopharmaceutical manufacturers, contract research organisations/contract manufacturing organisations, and research organisations. Biopharmaceutical manufacturers is the leading segment in the global biologic excipients market over the forecast period. This segment accounts for a relatively higher revenue share, which is expected to register a CAGR of 6.0% over the forecast period.

Global Biologic Excipients Market: Dynamics

Growth of the global biologic excipients market is primarily driven by rising global demand for medicines, greater uptake of biologics driving demand for parenteral formulations, increasing acquisition of contract research organisations, patent expiration of major blockbuster drugs, growing adoption of advanced drug delivery technologies, increasing research in pediatric formulations, growing demand for extended-release or sustained release formulations, increasing demand for oral solid drug formulations, rising demand from emerging economies pushing local drug production, and increasing per capita healthcare expenditure.

However, lack of proper data documentation on gras status of excipients, regulatory audits restricting supply capacity, regulatory hurdles detering novel excipient development, and stability testing of excipients imposing cost liabilities on drug manufacturers are some factors expected to hamper the growth of the global biologic excipients market over the forecast period.

A key trend witnessed in the biologic excipients market is increasing adoption of continuous processing of biologic excipients, dependence of large drug manufacturers on in-house biologic excipients production, vast proportion of imported excipients leading to production delays, and regulatory harmonisation with respect to gradation of excipients.

Furthermore, the growing importance of developing biologic excipients by big players in order to enhance their product portfolio, growing importance for manufacturing authorisation, growing market for topical and parenteral applications and compulsory licensing promoting demand for biologic excipients are the key trends likely to be witnessed in the global biologic excipients market.

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Scope Of The Report

Attribute Details
Forecast Period 2022 – 2028
Historical Data Available for 2013-2021
Market Analysis USD Million for Value.
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, South Africa
Key Segments Covered Excipients Type, End Users  and Region
Key Companies Profiled • FMC Corporation

• Wacker Chemie AG

• Evonik Industries AG

• Ashland Global Holdings Inc.,

• Archer-Daniels-Midland Co.,

• Roquette Freres S.A.,

• The Dow Chemical Company,

• Colorcon Inc.,

• Signet Chemical Co. Pvt. Ltd.

• Sun Pharmaceutical Industries Ltd,

Report Coverage Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Global Biologic Excipients Market: Regional Analysis

The North America regional market is projected to dominate the global biologic excipients market, accounting for a maximum revenue share of the global market by 2021 end. The North America, Western Europe, and Asia Pacific markets accounted for 77.3% of the total biologic excipients market share in terms of value in 2021. Revenue from the market in APEJ is estimated to expand at a CAGR of 4.2% over the forecast period.

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Biologic Excipients Market by Category
Excipient Type:

  • Polymers
  • Sugar Alcohols
  • Polysorbates
  • Inorganic Salts
  • Amino Acids
  • Surfactants
  • Others

By End User:

  • Biopharmaceutical Manufacturers
  • Contract Research Organizations/Contract Manufacturing Organizations
  • Research Organizations

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About Future Market Insights (FMI) 

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Narcolepsy Treatment Market Projected to Gain Significant Value through 2022-2028

Revenue from Narcolepsy Treatment, globally is projected to stand at a valuation of US$ 6.67 Bn, registering an annual growth rate of 5.7 percent, from 2022-2028. Future Market Insights (FMI), in its newly published market intelligence outlook, highlights substantial demand for narcolepsy treatment in North America.

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The global Narcolepsy Treatment Market is estimated at USD 4.77 billion in 2022 and is projected to reach USD 6.67 billion by 2028

Data Points  Market Insights
Market Value 2021 US$ 4.50 Bn
Market Value 2022 US$ 4.77 Bn
Market Value 2028 US$ 6.67 Bn
CAGR 2022-2028 5.7%  
Market Share of Top 5 Countries 54.4%  
Key Industry Players ResMed Inc., Koninklijke Philips N.V., Merck & Co. Inc., Drive DeVilbiss Healthcare LLC, GlaxoSmithKline Plc., Fisher & Paykel Healthcare Limited, Pfizer Inc.

Narcolepsy treatment landscape in Europe, will witness significant revenue growth given the rising affinity toward adoption of prescription treatments and adherence to the same on a long term basis.

Asia Pacific among other emerging economies including MEA and Latin America, on the other hand, are expected to showcase positive trends towards the adoption of narcolepsy treatment, due to:

  • Strong distribution pipeline of the narcolepsy drugs.
  • Emerging global and local biopharmaceutical companies.
  • Increasing incidences of Obstructive Sleep Apnea (OSA) in Latin America. Obesity is reported to be the most common risk factor.
  • Prevalence of moderately severe sleep apnea is estimated to be around 5% in women and 10% in men in South Africa. It is estimated that up to 90% of patients are undiagnosed.
  • Prevalence of sleep apnea is more severe in the developing countries due to the lack of skilled physicians

In term of key forward market strategies, the primary objective manufacturers in the narcolepsy treatment market is to expand their footprint in the various regional markets, in order to solidify their market position.

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Key Findings from the Regional and Competitive Landscape Analysis of Narcolepsy Treatment Market

  • Leading narcolepsy treatment manufacturers are prioritizing regional-specific product development. The product portfolio expansion is mostly targeted in Asia Pacific.
  • Apart from new product development—mostly arising from the presence of low cost generic versions of patented drugs, strategic partnerships and acquisitions with pave way for further business expansions.
  • Manufacturers in the global narcolepsy treatment are also focused towards introducing new research and development units in different geographic regions.
  • Industry leaders are focusing on maintaining long-term partnerships with pharmacies- in hospital and retail, drug stores, and e-commerce. Sales through e-commerce distribution channel is expected to contribute a significant revenue share in the global narcolepsy treatment market.
  • FMI, has also noted an increasing focus on reformulation of well-known products and combinations, by manufacturers in North America in order to achieve higher sales and wide penetration.

There is a conscious shift from OTC medication to devices treating narcolepsy, driving significant revenue growth for the devices segment compared to drugs.  Growing incidences of inappropriate medication and addiction, translating into severe side effects including headache, prolonged drowsiness, daytime memory and performance problems, allergic reactions, and death in some cases, is the key driving factor. These side effects are associated with OTC as well as prescription-based sleep aids.

Growing demand to treat narcolepsy with BiPAP is expected to push this segment of devices—predicted to expand at the highest CAGR. Moreover, devices in portable and available-for-rent formats, will translate into higher adoption rates, throughout the forecast period. Portable Continuous positive airway pressure (CPAP) devices are lighter and smaller and can also be used as a home based unit, further reducing the dependency on OTC pills and prescription drugs.

While explaining the growth trajectory of narcolepsy treatment market, a senior analyst from the healthcare domain underscores growing healthcare expenditure and rising incidence cases of fracture fixation and orthopedic disorders as key factors contributing to the demand of narcolepsy treatment though 2028. “Regulatory impositions by various global authorities including the FDA and European Commission along with currency fluctuations, regulations and changing taxation policies are some high-impact factors pushing the global demand for narcolepsy treatment”, the analyst further explains.

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Report Scope as Per Narcolepsy Treatment Industry Analysis

Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis US$ Mn for Value
Key Regions Covered North America, Latin America, Europe, APAC, Middle East & Africa (MEA)
Key Countries Covered US, Canada,  Brazil,  Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, India, ASEAN, Australia, New Zealand, South Africa and GCC Countries
Key Market Segments Covered Product, Distribution Channel and Region
Key Companies Profiled • ResMed Inc.

• Koninklijke Philips N.V.

• Merck & Co. Inc.

• Drive DeVilbiss Healthcare LLC

• GlaxoSmithKline Plc.

• Fisher & Paykel Healthcare Limited

• Pfizer Inc.

Critical Market Restrainers

Although the narcolepsy market is expanding at a robust CAGR, long waiting time for sleep services, lack of awareness and delayed diagnosis, severe side effects of sleep aids medication, lack of proper documentation for the usage and licensing of sleeping pills, and improper equipment regulations are some critical factors projected to restrain the growth of narcolepsy treatment market.

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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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Connected Solutions for Oil & Gas Market | Present Scenario and Growth Prospects 2030 – Future Market Insights, Inc

Connected solutions for oil & gas sector are expected to surge at a CAGR of 16.3% between 2020 and 2030. VR training emerges as a popular connected solution in the oil and gas market as it remains on the cusp of digital transformation. Connected pipeline solution solving challenges associated with damaging leaks leading to massive losses. IoT plays a critical role in minimizing downtime with machine learning and predictive analytics. Fleet management remains undeniably important to asset tracking and improved deliveries. Connected solutions for oil & gas market also enable remote monitoring – an appropriate solution to operational challenges due to COVID-19.

Need for Operational Optimization in Wobbling Oil & Gas Sector Fuels the Adoption of Connected Solution

Connected solutions surfaced as a key enabler across industries, including oil & gas – providing error solutions for seamless operations. It has gained momentum as companies engaged in upstream, midstream, as well as downstream activities, are emphasizing on optimizing the operations, to remain relevant and profitable.

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Connected Pipelines Rescue Suppliers from Biggest Challenge Caused by Damaging Leaks

Solutions such as connected pipelines for end-to-end management to prevent incidents, ensure safety, resiliency, and security are expected to establish exceptional efficiency.

In a recent development, Scheider Electric and Cisco joined hands improve operational efficiency and Total Cost Ownership (TCO) to ensure quick solutions to complex network issues. The smart pipeline offers a real-time control through SCADA system.

IoT in Oil and Gas Sector Proves Mettle with Predictive Maintenance Solutions

Efforts to minimize downtime with machine learning and predictive analytics have brought spotlight on Internet of Things (IoT).

IoT has particularly worked towards reducing non-productive time (NPT) that can be caused by usually understood elements such as weather changes. Cost reduction and risk management are the primary objectives that have been achieved by IoT with asset tracking and predictive maintenance solutions.

Fleet Management Software Paces Ahead as Remote Monitoring Reduces Downtime 

Future Market Insights states, the oil & gas fleet management application segment is expected to increase almost 4X during the forecast period (2020-2030), registering a CAGR of around 15% during the forecast period.

Despite the ongoing geopolitical and climate changes the oil and gas industry has been operating in an organized and coordinated manner. Transportation of inflammable materials with improved efficiency, reduced costs, and in compliance with government regulations across multiple borders can been possible with exceptional fleet management software.

Connected Solutions for Oil & Gas Reduces Cost for Upstream Activities with Real-time Monitoring

In this time of fluctuating crude prices, upstream oil & gas companies are focusing on reducing cost of exploration and production by adopting innovative technologies like big data and industrial IoT. Connected oil and gas solutions are helping upstream companies in exploration process by enabling them with the better idea of subsurface geology and faster processing of data and transforming them into surface models.

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Solution Enablers Strengthening Presence in Asian countries : Regional Outlook for Connected Solutions in Oil & Gas Sector

Economic growth and increasing oil and gas demand as a result of large scale industrialization in the countries of East Asia and South Asia is playing a pivot role in development of connected solutions for oil & gas sector. Established oil & gas companies are updating operation by integrating connected solution. A three fold increase in spending on connected solutions anticipated by leading oil & gas companies in the region during the forecast period.

In terms of value, the connected oil and gas market in East Asia and South Asia & Pacific collectively captured the 1/4th of the global value in 2019. The strong growth in oil and gas demand from countries such as China and India is playing a crucial role in driving the adoption of these smart solutions that enable exceptional efficiency.

Enabling Employee Safety with Connected Oil and Gas Solutions

Real-time communication at exploration sites generates raw data, which can be analyzed and monitored with these software and solutions for better output. For instance, drilling operations using sensors can deliver continuous diagnostics ensuring efficiency, safety, and reduced cost of operations.

Availability of accurate data for making quick decisions, reduced equipment failure, and persistent plant automation have led to increased safety of workers. Analyzing patterns and comparing it to historical data can predict events before they happen, creating a safer work environment for upstream players.

The Sector is Open for Innovators, but Tech-Goliaths Lead from the Front

Continuous investments and focus on developing collaborative partnerships to innovate and develop digital capabilities to leverage new business models has become a key strategy of solution providers. It has been instrumental in enhancing their customer reach and sales revenue.

Partnerships and collaborations with policy makers and governments are also helping connected solutions for oil & gas solution providers to tackle disruption in supply and demand and unlock values for ever-changing and diverse needs.

Key Players in the Connected Solutions for Oil & Gas Market are:

  • Cisco Systems, Inc.
  • Intel Corporation
  • Sierra Wireless
  • General Electric
  • Honeywell International
  • Telit
  • Schneider Electric
  • Siemens AG
  • Robert Bosch GmbH

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Connected Solutions for Oil & Gas Market: Segmentation

The global connected solutions for oil & gas market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Component

  • Hardware
  • Software
  • Services

Value Chain

  • Upstream
  • Midstream
  • Downstream

Application

  • Asset Tracking and Monitoring
  • Predictive and Preventive Maintenance
  • Supply Chain Management
  • Leak Detection
  • Fleet Management
  • Others

Region

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

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Blockchain Technology Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2030 – Future Market Insights, Inc

The Blockchain Technology Market is predicted to surge at 43.5% CAGR through 2030, reaching US$ 59.5 Bn in valuation, up from just US$ 3.31 Bn in 2022. Assets can be intangible, such as copyrights and patents, or they can be tangible, such as cash or homes. Blockchain technology is constituted of ordered records distributed in a block structure. Every data block contains a hash of unique identifiers like a digital fingerprint, time-stamped batches of transactions and a hash of the previous block.

In this design, each block is connected in chronological order. The interconnected blocks constitute a blockchain. Practically, it is not possible to change or modify any block in the middle of the chain. This is because all the blocks located after the modified block are required to be modified at the same instant.

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Blockchain mechanism makes information immutable on the network. The capability of blockchain technology, to accommodate immutability of data, will motivate end users to accelerate adoption over the forecast period.

Key Takeaways of Blockchain Technology Market Study

  • Blockchain platforms will offer the most lucrative opportunities for revenue generation, among all the blockchain technology-based solutions
  • Blockchain-based supply chain management is the primary use case in the global market, followed by decentralized finance
  • Large enterprises will continue being the primary contributors to the growth of the blockchain technology market on a global scale
  • BFSI industry is the primary contributor to market growth with transportation and logistics industries following suit

Competition Landscape of Blockchain Technology Market

As the technology is lagging behind in global diffusion, blockchain technology start-ups are striving to develop long-term partnerships with blockchain technology integrators. The move comes in order to ensure steady revenue generation during the forecast period.

Start-ups are partnering up with artificial intelligence (AI) based technology developers in order to market comprehensive solutions for decentralized financial applications. Market leaders such as Bitfury Group Limited are focusing on expanding their blockchain portfolio to include hardware solutions that enable end users to transfer or share assets swiftly and securely over a blockchain-based network.

Other blockchain technology market participants, such as Cegeka, are innovating their existing blockchain solutions to maximize business impact. These players are developing scalable blockchain solutions that include highly desirable capabilities marketed at competitive rates.

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More Valuable Insights on Blockchain Technology Market

FMI’s research on the blockchain technology market is segmented into four major segments. By solution, the global blockchain technology market is segmented into applications, middleware and blockchain platforms.

With respect to use case, the global blockchain technology market is segregated into supply chain management, digital identity, payments and money, trading, commerce and exchange, smart contracts, and decentralized finance. With regards to enterprise size, the global blockchain technology market has been segmented into large enterprises, and small and medium-sized enterprises (SMEs).

On the basis of industry, the global blockchain technology market is segmented into BFSI, healthcare, retail and e-commerce, hospitality and travel, government, media and entertainment, and transportation and logistics, among others. The extensive segregation of the market helps readers evaluate lucrative opportunities in the global blockchain technology market.

Key Segments Of Blockchain Technology Industry Survey

By Solution :

  • Applications
  • Middleware
  • Blockchain Platforms

By Use Case :

  • Supply Chain Management
  • Digital Identity
  • Payments and Money
  • Trading, Commerce and Exchange
  • Smart Contracts
  • Decentralized Finance
  • Others (Voting, Property Records, etc.)

By Enterprise Size :

  • Large Enterprises
  • SMEs

By Industry :

  • BFSI
  • Healthcare
  • Retail and e-commerce
  • Hospitality and Travel
  • Government
  • Media and Entertainment
  • Transportation and Logistics
  • Others (Food and Beverages, Real Estate, etc.)

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By Region :

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

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Hyper-Converged Systems Market 2022 Development Status, Competitive Analysis, Type, and Application 2030 – Future Market Insights, Inc

Making use of hyper-converged systems help enterprises achieve consolidate their data centers, set up virtual desktop infrastructure (VDI), and test the development of applications, among others. The preference for hyper-converged systems among various organizations has substantially increased, attributed to their integrated feature of backup and disaster recovery in the software, which, in turn, will drive the growth of the hyper-converged systems market over the next decade.

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Key Takeaways of Hyper-Converged Systems Market Study

  • The hyper-converged systems market in North America is expected to hold the largest share of the global market by the end of the forecast period.
  • Eliminating the need for separate servers and network storage and continued rise in the adoption of software-defined HCI platforms are significant factors that are driving the growth of the hyper-converged systems market
  • Installation of hyper-converged systems for the purpose of backup and disaster recovery is expected to gain significant traction.
  • South Asia & Pacific is expected to remain the key region in the global hyper-converged systems market, owing to increase in the adoption of hyper-converged systems within small and mid-sized enterprises.

COVID-19 Pandemic Impact Analysis

The rapid spread of COVID-19 has disrupted the world’s economy. IT service companies have also witnessed a significant slowdown in growth during this financial year. However, the demand for hyper-converged systems is on the rise, as organizations are adopting remote working and work from home during the COVID-19 pandemic. Organizations have started investing more in converged and hyper-converged systems, as these systems allow employees to work remotely with the inbuilt virtual desktop infrastructure (VDI) feature.

In terms of value, the hyper-converged systems market in South Asia & Pacific is estimated to record the highest growth during the forecast period. Increasing lockdown periods due to the pandemic in APAC countries are estimated to motivate IT companies to procure hyper-converged systems during the forecast period.

Competitive Landscape

The hyper converged systems market is characterized by the presence of a multitude of players, which include but are not limited to Dell EMC, Hewlett Packard, VMware Inc., Pfizer Inc., Acronis, Arcserve Eden Prairie and Fujitsu Ltd. to name a few. Heavy investments in R&D to explore potential growth avenues and investments in product marketing strategies have provided a wide platform for these players to grab a foothold. Important partnerships such as Pfizer with Oracle for creating a cloud based repository titled Clinical Cloud to store clinical data are also characteristics of a successful hyper converged systems market.

More Valuable Insights on Hyper-Converged Systems Market

Future Market Insights offers an unbiased analysis of the global hyper-converged systems market, providing historical data of 2015-2021 and forecast statistics for the years 2022-2030.

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Key Segments of Hyper-Converged Systems Industry Survey

Hyper-Converged Systems Market by Component:

  • Hyper-Converged Infrastructure Appliances
  • Server Virtualization Software
  • Services

Hyper-Converged Systems Market by Enterprise Size:

  • Hyper-Converged Systems for Large Enterprises
  • Hyper-Converged Systems for SMEs

Hyper-Converged Systems Market by Application:

  • Virtualization and VDI
  • Data Center Consolidation
  • Remote Offices / Branch Offices (ROBO)
  • Backup and DR
  • Others

Hyper-Converged Systems Market by Industry:

  • BFSI
  • Government
  • IT and Telecom
  • Healthcare
  • Energy and Utilities
  • Manufacturing
  • Others

Hyper-Converged Systems Market by Region:

  • North America Hyper-Converged Systems Market
  • Latin America Hyper-Converged Systems Market
  • Europe Hyper-Converged Systems Market
  • East Asia Hyper-Converged Systems Market
  • South Asia & Pacific Hyper-Converged Systems Market
  • Middle East & Africa (MEA) Hyper-Converged Systems Market

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Market for Video Streaming Software in 2022: Current and Future Industry Size in 2030 – Future Market Insights, Inc

The video streaming software Market is anticipated to progress at an impressive CAGR of 10.2% to reach US$ 5.9 Bn in 2022 and US$ 12.87 Bn by the end of 2030. At present, the broadcasting industry is experiencing an ever-increasing demand for original video content. Major competitors are spending billions on the production of new content to satisfy their existing audiences and also attract new viewers.

As such, several developers and broadcasters are striving to boost their video streaming software and services by creating original content to enhance brand reputation. Availability and quality of premium live content on different devices continue to grow, as live video streaming is in its nascent stage. Viewers who were earlier watching live events and sports on TV have started to shift towards these platforms, mainly due to the availability of live video content as per their linking and convenience.

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This demand-side trend is working in favor of the growth of the video streaming software market, which is projected for nearly threefold growth over the next decade.

Key Takeaways of Video Streaming Software Market Study

  • For residential end-users, 4K or UHD video streaming software is becoming mainstream, and this trend is likely to grow with an increase in the availability of mobile devices that support these formats.
  • Although some regions such as Latin America have limited broadband penetration and high levels of piracy, they show great potential in becoming over-the-top (OTP) video streaming software market leaders in the coming years, owing to the changing habits of end users.
  • Although growth in the total number of video streaming subscriptions is slowing down in North America, consumption time or video streaming time per user continues to increase, as the content that is available to stream is constantly improving.

COVID-19 Pandemic Impact Analysis

Increasing cases of COVID-19 infections have forced governments across the world to legislate nationwide lockdowns. Citizens are required to stay indoors until the concerned authorities lift the lockdown orders. The first quarter (Q1) witnessed accelerated adoption of gaming and media platforms on a global level, as the need for digital entertainment rose among users.

Netflix and Amazon Prime, among other video streaming software and service providers, are registering increased influx of subscriptions, as the number of COVID-19 infections surge and strict lockdowns are legislated across the world. These lockdowns are propelling the adoption of video streaming software solutions, worldwide.

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More Valuable Insights on Video Streaming Software Market

Future Market Insights offers an unbiased analysis of the global video streaming software market, providing historical data of 2015-2021 and forecast statistics for 2022-2030.

Key Segment

Solution

  • Software
  • Services

Type

  • Live Video Streaming Software
  • Video-on-Demand (VoD)
    • (Subscription) SVOD
    • (Transactional) TVOD
    • (Advertising) AVOD
    • Others

Vertical

  • Media and Entertainment
  • Education
  • Healthcare
  • Banking and Financial Solutions
  • Travel and Tourism
  • Others

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2022 Outlook for the Temperature Detection Screen Market, Current and Future Industry Landscape Analysis 2030 – Future Market Insights, Inc

The Temperature Detection Screen Market stands at a valuation of US$ 1.2 Bn in 2022, and is projected to attain an estimated worth of US$ 4.2 Bn by 2030 and exhibiting a remarkable 16.9% CAGR between 2022 and 2030.

Key Market Dynamics

Thermal imaging technique is being continuously researched and is one of the key diagnostic technologies incorporated for industrial applications. Such temperature detection screens are playing a major role in the manufacturing industry for detecting faults and anomalies that are otherwise invisible to the naked eye. These benefits are creating potential growth opportunities for the temperature detection screen market.

Furthermore, fusion of intelligent robotics and automation tools with temperature detection screens and thermal imaging equipment helps discover anomaly hot-spots and determine the maintenance strategy. Various industries across the globe have discovered the benefits of incorporating temperature detection screens and related equipment, which is in turn driving the growth of temperature detection screen market.

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With continuous innovations in infrared imaging, low-cost infrared imaging devices and temperature detection screens are being deployed for application in military surveillance, reconnaissance, and guidance. Rising demand for surveillance and security applications in public and private spaces is bolstering the adoption of thermal cameras and scanners. This is expected to create the potential growth opportunities for the temperature detection screen market. 

Key Takeaways of Temperature Detection Screen Market Study

  • Temperature detection screen market in Europe is expected to hold leading revenue by the end of the forecast period.
  • The healthcare, and government and law enforcement industries are estimated to be primary end users in the global temperature detection screen market.
  • Portable/handheld temperature detection screens are likely to register a higher adoption rate compared to their fixed/mounted variants.
  • Infrared thermal scanning cameras are highly expensive and are estimated to witness a lower rate of adoption as compared to contactless temperature detectors.

Competition Analysis

Some market players featured in the report are FLIR® Systems, Inc.; Leonardo S.p.A.; Opgal; Optotherm, Inc.; Thermoteknix Systems LTD.; Fluke Corporation; L3HARRIS TECHNOLOGIES, Inc.; Axis Communications AB; Seek Thermal Inc.; and 3M.

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COVID-19 Pandemic Impact Analysis

The healthcare industry is witnessing considerable upsurge in demand for contactless thermal scanners and temperature detectors. Such temperature detective screens are playing a crucial role on a global scale amidst the ongoing COVID-19 pandemic. The non-contact temperature screening feature helps screen patients while enabling healthcare professional and authorities avoid the contagion.

As the number of COVID-19 infections continues to grow, the healthcare industry is focusing on procuring medical tools and equipment to monitor and contain the spread of COVID-19 virus. This demand for thermal scanners and temperature detection screens is increasing rapidly on a global level.

In terms of value, the temperature detection screen market in Europe is estimated to record the highest growth rate during the forecast period. Increasing COVID-19 infections in European countries like Spain, Italy, France and Germany are estimated to motivate the authorities to acquire efficient temperature detection screen solutions during the forecast period.

More Valuable Insights on Temperature Detection Screen Market

Future Market Insights offers an unbiased analysis of the global temperature detection screen market, providing historical data for 2015-2021 and forecast statistics from 2022-2030. To understand opportunities in the temperature detection screen market, the market is segmented on the basis of product, type, and end-use across six major regions.

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Key Segments of Temperature Detection Screen Industry Survey

Temperature Detection Screen Market by Product:

  • Infrared Thermal Scanning Cameras
  • Contactless Temperature Detectors

Temperature Detection Screen Market by Type:

  • Portable/Handheld Temperature Detection Screens
  • Fixed/Mounted Temperature Detection Screens

Temperature Detection Screen Market by End Use:

  • Temperature Detection Screens for Government and Law Enforcement
  • Temperature Detection Screens for Military and Defence
  • Temperature Detection Screens for Healthcare
  • Temperature Detection Screens for Energy and Power
  • Temperature Detection Screens for Transportation and Logistics
  • Temperature Detection Screens for Commercial Spaces
  • Others

Temperature Detection Screen Market by Region:

  • North America Temperature Detection Screen Market
  • Latin America Temperature Detection Screen Market
  • Europe Temperature Detection Screen Market
  • East Asia Temperature Detection Screen Market
  • South Asia & Pacific Temperature Detection Screen Market
  • Middle East & Africa (MEA) Temperature Detection Screen Market

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https://janjaonline.mn.co/posts/kvm-switch-market-innovations-technology-growth-and-research-2022-2028

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