Market Research Blog – Page 9627 – New Product Development

DDI Market Future Scenarios, Growth and Analytical Insights 2022 – 2028

The DDI Market is expected to reach US$ 1532.2 Mn in 2028, likely to surge at a vigorous 15.6% CAGR growth between 2022 to 2028. Estimated to observe a whopping 15% rate of the yearly growth in revenue, the global DDI market projected an impressive growth outlook. According to a new Future Market Insights study, SMEs are rapidly emerging as high-potential end-use consumers for DDI services and solutions providers.

Top 3 Regional Markets for DDI Hold over 50% Value Share

While North America’s market for DDI services and solution will maintain the lion’s share in the global value, the report forecasts a collective share of over half of the market value for North America, Europe, and East Asia. Furthermore, DDI adoption is most likely witness an above-average rate within MEA over the coming years.

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Demand for DDI solutions will continue to account for more than 50% of the total market value. However, FMI’s analysis highlights rapidly growing opportunities arising in the DDI services segment owing to the rising significance of managed & support services within enterprise environments.

With a collective share of over 55% in the market value, cloud & virtualization and network security will remain the top application areas of DDI services and solutions. Revenue through cloud deployment is poised to register an ascending rate in DDI market.

Businesses Demanding IP Address Management Solutions to Majorly Contribute in DDI Demand Growth

Rising adoption of IPv6 (Internet Protocol Version 6) and growing need for effective IP address management have been cited as the key opportunity areas for DDI solution and service providers in the market. Moreover, IP address management also holds crucial position in the modern business network infrastructure. However, low adoption rate of software-defined networking is found to be one of the key restraining factors in the global DDI marketplace. Software-defined networking provides a new way of delivering peripheral network services, including DDI. However, DDI solution providers are not delivering their software via SDN architectures.

According to the report, constantly increasing popularity of the BYOD (Bring your own device) trend at workplaces will prominently assist the growth of DDI market in the near future. Increasing network complexity and rapid addition of a number of network management points will further intensify the requirement of DDI services, thereby bolstering the revenue growth of market.

DDI Market Participants to Strategize on Acquisitions

In the fairly consolidated competitive landscape of DDI market, a limited number of regional and local players are competing for firmer market positions. While new product launches and existing portfolio upgrade have been the important strategies assisting growth of companies in the DDI space, strategic acquisitions are most likely to emerge a popular growth strategy among the market participants.

FMI’s report has profiled some of the most prominent companies active in DDI services and solutions landscape, including Infoblox, Inc., Cisco Systems, Inc., BlueCat Networks, Inc., Nokia, TCPWave Inc., PC Network Inc., Men & Mice, EfficientIP, ApplianSys, FusionLayer, BT Diamond IP, Microsoft Corporation, and NCC Group plc. among others.

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DDI Market Outlook by CategoryBy Component, DDI Market Demand is segmented as:

DDI Solutions
Services
- Managed and Support Services
- Professional and Training Services

By Application, DDI Market Outlook is segmented as:

Network Automation
Virtualization and Cloud
Data Center Transformation
Network Security

By Deployment Type, DDI Market Outlook is segmented as:

On-premise
Cloud

By Organization Size, DDI Market Outlook is segmented as:

Large Enterprises
Small and Medium Enterprises (SMEs)

By Vertical, DDI Market Outlook is segmented as:

Information (Telecommunication & IT)
Finance and Insurance
Public Administration
Health Care and Social Assistance
Educational Services
Retail Trade
Manufacturing

By Region, DDI Market is segmented as:

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

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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 6-years.

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Application Delivery Network Market Size, Share & Forecast | US$ 13,942.7 Million by 2028

Application Delivery Network Market is forecasted to reach US$ 13,942.7 Mn by 2028 and exhibit a remarkable 11.2% CAGR between 2022 and 2028. Extensively in use for applications in retail, arts, entertainment, and recreation, application delivery network technology is also finding wide applicability in several other industry verticals such as finance & insurance, educational services, public administration, healthcare & social assistance, and manufacturing.

Deployment of application delivery network platforms catalyzes the application delivery process at data centres, in addition to facilitating the application responsiveness and application load time. The key objective of the application delivery network is to enhance the user experience and deploy technologies that improve network security and latency. These advantages will continue to boost the adoption of application delivery networks by businesses in the near future.

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Vendors Maintaining the Focus on Specialized Application Delivery Network for Different End-Users

In the application delivery network market, established vendors are undertaking research initiatives to develop specialized application delivery network equipment for different end-users, such as cloud service providers and telecommunication service providers, among other enterprise networks. Application delivery networking platforms integrated with application control and classification features are enabling enterprises to control the flow of applications over the network.

Application visibility and control features are allowing enterprises to fulfill the regulatory needs while knowing the type, nature, and other parameters of applications running across the application delivery network. These benefits offered by application delivery networks enable enterprises to offer better service, control expenditure and provide effective security. Mission-critical applications are protected and non-business applications do not overrun the application delivery network. This trend is expected to play a major role in accelerating the adoption of application delivery network services on a global scale.

Application-related advancements in application delivery networks, responses to customer devices and innovations in real-time decision-making, and features such as compression, routing, & other probable transformations are expected to offer lucrative opportunities in the global application delivery network market. Big Data is expected to be leveraged to further enhance advanced networking and network analytics. This factor is expected to drive automation and enhance application delivery networking abilities during the forecast period.

Equally Strong Adoption of Application Delivery Network among SMEs & Large Enterprises

Various SMEs in emerging markets are focusing on utilizing application delivery network platforms and the internet to enhance their market diffusion. Large organizations are focusing on providing an interactive and engaging digital experience that relies on heavy multimedia content. This is likely to increase the loading time of webpages and other applications due to increasing congestion and traffic on the internet.

Customer engagement is vital for the sustenance of enterprise businesses and is becoming increasingly challenging with continuous fluctuations in online economic conditions characterized by intense competition. This is expected to increase the deployment of content and application delivery networks for the efficient delivery of web- and application-based static and dynamic content during the forecast period.

Application delivery networks ensure the availability, speed, and security of applications. A suite of technologies is delivered over a special network, which is designed to maximize the overall performance of applications. The distribution of network traffic across multiple servers is often required to enhance application responsiveness. Unlike content delivery networks, which deliver static content, application delivery networks optimize the delivery and acceleration of dynamic content.

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Geographically, the application delivery network market in North America is estimated to continue to hold the largest share of the global application delivery network market throughout the forecast period, owing to the focus of enterprises on enhancing web and application-based market diffusion. The South Asian application delivery network market is expected to witness a comparatively higher application delivery network procurement owing to the focus of companies and governments on accommodating the next-generation applications in the region.

Some of the key players in the global application delivery network market report include Cisco Systems, Inc.; Citrix Systems, Inc.; Dell Inc.; Juniper Networks, Inc.; Hewlett Packard Enterprise Development LP; Verizon; Oracle; A10 Networks, Inc.; Symantec Corporation; Array Networks, Inc.; F5 Networks, Inc.; Aryaka Networks; Radware; and Riverbed Technology.

Application Delivery Network Outlook by Category

By Product

Application Delivery Controllers
WAN Optimization Controllers
Application Security Equipment
Application Gateways

By End-user Environment

Cloud Service Providers
Telecommunication Service Providers
Other Enterprise Networks

By Deployment Type

On-premise
Cloud

By Vertical

Finance and Insurance
Educational Services
Arts, Entertainment and Recreation
Public Administration
Retail Trade
Health Care and Social Assistance
Manufacturing

Region:

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

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KVM Switch Market Innovations, Technology Growth and Research 2022-2028

The KVM Switch Market is estimated at US$ 1,058.0 Mn in 2022 and reach ~US$ 1,216.5 Mn by 2028, likely to surge at a robust 2.4% CAGR during the assessment period 2022 – 2028. On the basis of the findings specified in the report, the market is evaluated to witness sustained demand from telecom & IT industry operators, and finance & insurance sectors over the coming years. The modest demand growth of the KVM switch has been attributed to its adoption within emerging economies in the global market.

Global KVM Switch Market Dynamics

Increasing demand for KVM Switch in telecom & IT sector is expected to contribute to the growth of the KVM Switch market over the forecast period. Moreover, KVM switches feature a unique flexibility that fulfills the requirements of small as well as medium-sized home offices and other large enterprise-grade applications.

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Additionally, These KVM switches enable data center users and personnel to establish a connection with any server in the rack cabinet. Thus, growing demand for KVM switch from SMEs and large enterprises are expected to fuel the growth of the KVM Switch market in the coming years.

On the flip side, the high affordability factor promised by advanced cloud computing solutions is also estimated to minimize the adoption rate of data centers during the forecast period, which is expected to have a negative impact on the growth of the global KVM switches market.

Global KVM Switch Market Forecast

An in-depth analysis of the market suggests that the overall size of the global KVM Switch market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the KVM Switch market.

By component, the KVM-IP switch segment is estimated to dominate the KVM Switch market with a value of US$ 198.2 Mn in 2018. However, the KVM-secure switch segment followed by KVM high-performance switch segment is estimated to expand at a significant CAGR in the global KVM Switch market over the forecast period.

By switch type, the multi-user KVM segment is expected to hold a dominant value share in the global KVM Switch market. The segment is projected to expand with a high CAGR owing to the increasing demand from the end-use sectors.

By verticals, the telecom & IT sector followed by finance/insurance sector is expected to hold signal value share in the global KVM Switch market. In value terms, the telecom & IT segment is projected to create an incremental $ opportunity worth US$ 98.1 Mn in the global KVM Switch market over the forecast period.

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Global KVM Switch Market: Competitive Landscape

Some of the key players involved in the manufacturing of KVM switch, which are included in this study, are Dell Inc., Belkin International, Inc., D-Link Corporation, Aten International Co., Ltd., IOGEAR, Vertiv Co., Hewlett Packard Enterprise, Fujitsu Ltd., Network Technologies Inc., APC (Schneider Electric), Adder Technology, Thinklogical (Belden Inc.) and Tripp Lite.

KVM Switch Outlook by Category

By Component, KVM Switch Demand is segmented as:

KVM-Desktop Switch
KVM-IP Switch
KVM-Secure Switch
KVM High Performance Switch
Serial Console

By Switch Type, KVM Switch Outlook is segmented as:

Single User KVM
Multi User KVM

By Enterprise Size, KVM Switch Sales is segmented as:

SMEs
Large Enterprises

By Vertical, KVM Switch Outlook is segmented as:

Government/Public Sector
Telecom & IT
Healthcare and Pharmaceutical
Retail
Finance/Insurance
Content Provider/Media
Others

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By Region, KVM Switch Sales is segmented as:

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

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Cross-platform and Mobile Advertising Market Current and Future Demand, Analysis, Growth and Forecast By 2028

Future Market Insights (FMI) recently published a market report titled ‘Cross-Platform and Mobile Advertising Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.’ The cross-platform and mobile advertising market is playing an important role in the advertising industry because of the increasing penetration of the Internet, globally.

Companies with cross-platform and mobile advertising platforms are working with social media platforms such as Facebook, Instagram, and many more to provide the advertisement of products and services. Moreover, e-Commerce websites are also advertising ads of different clients and brands to the user, which in turn boosts the cross-platform and mobile advertising market.

The global cross-platform and mobile advertising market is estimated to expand at a CAGR of over 21% during the forecast period. This stellar growth in the global cross-platform and mobile advertising market can be attributed to the global advertising industry with rising globalization and digitalization.

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In addition, with technological advancements in analytics, cross-platform and mobile advertising firms are able to offer various customized solutions to their clients. These are the factors that are driving the cross-platform and mobile advertising market. The South Asia region is expected to hold a prominent share of the cross-platform and mobile advertising market as compared to other regions. The established cross-platform and mobile advertising platform providers in the market are providing innovative cross-platform and mobile advertising platform for different industries such as retail, automotive, IT & Telecom, manufacturing, among others.

Future Market Insights has segmented the global cross-platform and mobile advertising market advertisement type, platform, end user, vertical, and region. By advertisement type, the market is segmented into search, native media, display, video, SMS, and audio. The cross-platform and mobile advertising market in several countries is playing a vital and important role by offering multiple advertising services in almost every domain.

On the basis of end user, the cross-platform and mobile advertising market is segmented into small and medium enterprises and large enterprises. The large enterprises sub-segment is expected to hold a prominent market share throughout the forecast period. However, the small and medium enterprises sub-segment is expected to continue to find new areas of applications of cross-platform and mobile advertising in different regions. This is expected to enable the cross-platform and mobile advertising market to record the prominent growth rate during the forecast period.

The cross-platform and mobile advertising market is also finding new applications and deployments in other industry verticals as well. Geographically, the presence of a large number of cross-platform and mobile advertising platform providers in North America is estimated to enable the cross-platform and mobile advertising market in the region to hold the highest market share by the end of 2018.

The cross-platform and mobile advertising market in South Asia is projected to record the prominent growth rate as compared with other regional cross-platform and mobile advertising markets. Continuous advancements in the digital advertising sector are expected to facilitate the high growth rate of the South Asia cross-platform and mobile advertising market.

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According to FMI analysis, acquisitions, strategic mergers, and partnerships cross-platform and mobile advertising platform providers are expected to enable the market players to increase their revenue generation and sales. Google and Facebook are expected to hold the largest shares of the global cross-platform and mobile advertising market during the forecast period. Some of the market participants profiled in the global cross-platform and mobile advertising market report are Google, Inc., Facebook, Inc., SAP SE, Verizon Digital Media Services, Inc., 4INFO, Apple, Inc., Amobee, Inc. (SingTel), Inmobi, Microsoft Corporation, and AdColony.

Key Segments

On the basis of advertisement type, the global cross-platform and mobile advertising market has been segmented into:

Search
Native Social
Display
Video
SMS
Audio

By platform, the global cross-platform and mobile advertising market has been segmented into:

Smartphones
Tablets
Desktops
Smart Televisions

On the basis of End User, the global cross-platform and mobile advertising market has been segmented into:

Small and Medium Enterprises
Large Enterprises

On the basis of end-use, the global cross-platform and mobile advertising market has been segmented into:

Telecom and IT
Finance & Insurance
Media & Entertainment
Retail
Healthcare & Social Assistance
Energy and Utility
Public Administration
Others

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Transcranial Doppler Ultrasounds System Market is reaching US$ 658.4 Mn at a gracious rate of 7.4% by the year 2032

With a projected CAGR of 7.4% from 2022 to 2032, the global transcranial doppler ultrasounds system market is anticipated to generate around US$ 658.4 million in sales, up from US$ 299.2 million in 2022.

Transcranial doppler ultrasounds system are medically used for quantitative measurement of blood flow velocity of the brain vessels. Transcranial doppler ultrasounds system are widely adopted in imaging diagnosis of stenosis, vasospasm, and emboli caused due to subarachnoid hemorrhage.

Transcranial Doppler ultrasounds system are also applied in recognition of arteriovenous malformations, cerebral circulatory arrest, sickle cell disorders, ischemic cerebrovascular disorder, and subarachnoid hemorrhage. Transcranial doppler ultrasounds system has applications in perioperative monitoring and meningeal infection.

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Transcranial doppler ultrasounds system tests are often used in association with MRA, MRI, CT scan, and carotid duplex ultrasound tests. Transcranial doppler ultrasounds system are based on two technologies, first, b-mode imaging technology, which present 2-D images of brain, skull, and blood vessels, second, doppler imaging technology, which represents graphical view of velocity over the time interval, on combination produces a duplex test.

Transcranial Doppler Ultrasounds System Market: Drivers and Restraints

The growth of global transcranial doppler ultrasounds system market is generally driven by rising prevalence and incidence rate of hemorrhage, and other disorders such as sickle cell disorders, cerebral circulatory arrest and others. Moreover, other factors such as increasing healthcare expenditure and adoption of technologically advanced products on the global level are also gardening the growth of transcranial doppler ultrasounds system market.

However, high cost of products and low availability of skilled personnel are the major handles in the market growth of transcranial doppler ultrasounds system. In addition to that, transcranial doppler ultrasounds system are insufficient in providing precise results due to relative velocity of blood flow, this may result in lowering the market growth of transcranial doppler ultrasounds system.

Transcranial Doppler Ultrasounds System Market: Overview

Transcranial doppler ultrasounds system are non-invasive technology for evaluating blood current velocity in basal intracranial arteries. Transcranial doppler ultrasounds systems are used in combination with different imaging modalities. Since its introduction, various technological advancement has been witnessed in transcranial doppler ultrasounds system for bordering its application range.

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These systems are also used in point-of-care services for real-time monitoring and can boost the market growth of transcranial doppler ultrasounds system.

Transcranial Doppler Ultrasounds System Market: Region Wise Outlook

Geographically, transcranial doppler ultrasounds system market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The market in North America is anticipated to hold the largest share of transcranial doppler ultrasounds system in the global market, followed by Western Europe, owing to the presence of sophisticated healthcare facilities and increased adoption in hospitals and diagnostic imaging clinics.

In addition, they are also adopted for point-of-care monitoring and can result in driving the growth of transcranial Doppler ultrasounds system market. The market in Asia- Pacific region and Japan is anticipated to grow at a higher rate owing to the rising research and development investment from private and public bodies and rapidly evolving healthcare infrastructure.

However, the market in regions such as Latin America, Eastern Europe, and Middle East and Africa are estimated to show a stagnant growth over the forecast period owing to the low per capita income and inadequate presence of healthcare facilities.

Transcranial Doppler Ultrasounds System Market: Key Players

Some of the market participants in the global transcranial doppler ultrasounds system market are: ELCAT, Rimed, Natus Medical Incorporated, SMT medical GmbH & Co. KG, Neural Analytics, Recorders & Medicare Systems P Ltd., DX-systems, Elica, Multigon Industries, Inc., and Atys Medica.

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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The report covers exhaustive analysis on

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

Transcranial Doppler Ultrasounds System Market: Segmentation

The global transcranial doppler ultrasounds system market can be segmented on the basis of product type, component type, modality type, end-user, and region.

On the basis of product type, global transcranial doppler ultrasounds system market can be segmented as:

Wearable
Non-Wearable

On the basis of component type, global transcranial doppler ultrasounds system market can be segmented as:

Systems
Accessories

On the basis of modality type, global transcranial doppler ultrasounds system market can be segmented as:

Standalone
Portable

On the basis of end-user, global transcranial doppler ultrasounds system market can be segmented as:

Hospital
Imaging Diagnostic Centers
Ambulatory Surgical Centers
Others

On the basis of region, global transcranial doppler ultrasounds system market can be segmented as:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

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Pediatric Clinical Trials Market Size, Share & Forecast | USD 26.47 billion by 2032

According to Future Market Insights, the global pediatric clinical trials Market Share is projected to grow steadily at a 5.3% value CAGR, during the forecast period 2022-2032. Earlier in 2021, this market was projected to have a global market valuation worth US$ 15 Billion and is expected to reach a sum of US$ 26.47 Billion by 2032.

Due to unmet healthcare needs in the pediatric patient population, there is a considerable product pipeline in the clinical phase of development. In the foreseeable future, the market will benefit from a robust medication development pipeline.

Furthermore, in 2021, there were over 1,300 industry-sponsored pediatric clinical studies underway spanning a wide range of therapeutic categories, including communicable diseases, genetic disorders, neurologic issues, and numerous types of cancer.

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Increasing pediatric medicine awareness, outsourcing in-house clinical trials to CROs, and the Increasing Burden of Pediatric Diseases such as Diabetes are projected to drive market growth globally. By region, North America is observed to have a substantial proportion of the pediatric clinical trial market, and this trend is projected to continue during the projection period.

The United States has the region’s most lucrative market. The rising prevalence of disorders in the country’s pediatric population is strengthening research initiatives to produce particular medications and expanding the number of clinical trials. This, together with other factors, is driving demand for the worldwide pediatric clinical trials market.

Prominent Growth Drivers Influencing Pediatric Clinical Trials Industry

Increased Incidence of Chronic Diseases to accelerate Market Growth

The growing demand for innovative vaccines and biological products to treat infectious illnesses such as measles, polio, mumps, TB, rubella, influenza, whooping cough, chickenpox, malaria, and staphylococcus pharyngitis is likely to fuel market expansion. According to the World Health Organization (WHO) 2021, over 85 percent of infants worldwide are vaccinated against 27 illnesses; yet, 19.4 million children are unvaccinated, resulting in the deaths of 2-3 million children per year.

According to the Centers for Disease Control and Prevention (CDC) fact page, in 2021, over 471,000 children in the United States had active epilepsy, accounting for approximately 0.6 percent of children aged 0-17 years.

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At the same time, diabetes is a major concern among children nowadays. According to the International Diabetes Federation’s (IDF) Diabetes Atlas 2021, around 464 million children globally had diabetes in 2021. One million of these people (children and adolescents under the age of 20) have type 1 diabetes.

Rising parental awareness of pediatric clinical trials for dangerous infections and chronic disorders, as well as a substantial number of CROs performing pediatric studies, are driving the market. Autism is one of the most frequent childhood disorders. According to the CDC, one in every 44 children in the United States will have autism by 2021. The increased prevalence of autism among children is expected to propel the market for autism clinical trials, promoting pediatric clinical market growth globally.

Competitive Landscape

Due to the sheer presence of a few important players in the market with very few additional participants, the industry studied is consolidated. Market participants’ primary strategies included trial initialization, acquisitions, and collaborations, among others.

Pfizer began a Phase 2/3 research for PAXLOVID tablets, which are especially intended to treat COVID-19 in young patients, in March 2022. PAXLOVID reduced the risk of hospitalization or death from any cause by 89 percent (within three days of symptom start) and 88 percent (within five days of appearance of symptoms).
Novartis announced intentions to begin SMART, a Phase 3b clinical research to assess the safety and efficacy of Zolgensma (onasemnogene abeparvovec) in young children with spinal muscular atrophy, in April 2021. SMART is a multicenter, Phase 3b, single-arm, open-label study designed to assess the safety, tolerability, and efficacy of a one-time IV infusion of Zolgensma in pediatric patients with symptomatic SMA who have bi-allelic genetic changes in the SMN1 gene and any copy number of the SMN2 gene and weigh between 8.5 kg and 21 kg. The study will enroll 24 patients and will monitor them for a 12-month period.

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Key Segments Covered in the Pediatric Clinical Trials Market Report

Pediatric Clinical Trials Market by Phase Type:

Phase I Pediatric Clinical Trials
Phase II Pediatric Clinical Trials
Phase III Pediatric Clinical Trials
Phase IV Pediatric Clinical Trials

Pediatric Clinical Trials Market by Study Design:

Treatment Studies of Pediatric Clinical Trials
Observational Studies of Pediatric Clinical Trials

Pediatric Clinical Trials Market by Therapeutic Areas:

Pediatric Clinical Trials for Infectious Diseases
Pediatric Clinical Trials for Oncology
Pediatric Clinical Trials for Autoimmune/Inflammatory Diseases
Pediatric Clinical Trials for Respiratory Disorders
Pediatric Clinical Trials for Mental Health Disorders
Pediatric Clinical Trials for Other Therapeutic Areas

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Surgical Instruments Tracking System Market expected to reach a valuation of US$ 900 Mn by 2032 | FMI

The global Surgical Instrument Tracking System Market is expected to grow with a wholesome growth rate of more than 15% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis. With the need to reduce costs and increase productivity, tracking systems are becoming more popular among healthcare providers.

The US FDA’s (Food and Drug Administration) proposed UDI (Unique Device Identification) requirements are expected to promote growth in the surgical instrument tracking systems market. According to the UDI rules, labelers (manufacturers, processors, specification formulators, re-packagers, and re-labelers) of surgical instruments are anticipated to administer immediate marking at the individual instrument degree.

The high system costs, long investment cycles, affordable restraints, and technological boundaries are expected to inhibit market growth to some extent. Also, due to the COVID-19 pandemic, there was seen a little drop in growth in the first quarter of 2021.

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With elective and non-elective surgeries held up, delayed, or abandoned worldwide, there was a noticeable drop in the application of surgical instrument tracking systems and consumables.

Surgical instrument tracking systems additionally lead to greater monitoring by responsible parties, while limiting medical errors, resulting in increased demand. Other major drivers for market expansion include usability of such solutions in inventory management and during the work cycle, which includes surgeries, storage, sterilization protocols, and post-surgery. As a result of this, total market sales will reach US$ 900 Mn by the ending of 2032.

Emerging economies like India and China, as well as countries in the Middle East, Latin America, and Southeast Asia, are likely to provide major growth possibilities for surgical instrument tracking systems manufacturers.

Rising healthcare costs and improving healthcare infrastructure are likely to provide growth opportunities for market players in all of these economies. The surgical instrument tracking systems market will prosper significantly as a result of this.

Key Takeaways

In 2022, the North America surgical instruments tracking systems market is expected to account for about 38.5% of the total market.
The surgical instruments tracking systems market in Asia Pacific is expected to register a CAGR of 19% over the projected period, owing to the region’s unexplored potential opportunities.
The RFID surgical instruments tracking is expected to gain a lot of traction, with a CAGR of 18.4% by 2032, according to surgical instruments tracking system market forecast.
Hospital is the dominant sector of surgical instrument tracking systems market, which is estimated to account for more than 33% of revenue by 2026.

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Diversification of Portfolio to Be the Key to Market Dominance

Some of the major participants in the surgical tool tracking systems market include:

Fortive Corporation (US)
Material Management Microsystems (US)
Becton, Dickinson and Company (BD) (US)
Haldor Advanced Technologies (US)
Getinge AB (Sweden)
STERIS (US)
STANLEY Healthcare (US)
Surgical Safety Scanner (US)

To get a stronger foothold in the surgical instruments tracking system market, leading companies are focusing on surgical instrument management, and employing innovative marketing strategies, technological advancements, mergers, and acquisitions.

Steris, a seller of infection control, surgical equipment, and other hospital supplies, purchased Key Surgical for US$ 850 Mn in October 2020, expanding its geographic reach and adding complementing product lines.
T-DOC 2000 surgical tool traceability system was created by Getinge AB and Intelligent InSites, Inc. from reprocessing to inventory and logistics to use, the solution supports the sterile supply workflow of instruments, consumables, and implants.
Flexible 6012 and Flexible 6027 RFID tags, which enable mounting flexibility, are durable, and are IP67-rated, were released in July 2020 by Vizinex RFID(US), making them perfect for tracking a variety of assets in indoor situations.
In May 2020, STANLEY Healthcare and CISCO linked up. STANLEY’s AeroScout Real-time Location System (RTLS) platform has been completely integrated and certified with CISCO DNA Spaces, the next-generation indoor position services platform, to give healthcare organizations enterprise-wide transparency into the location and condition of equipment and individuals.

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Key Segments By Component:

Software
Hardware
Services

By Technology:

Barcode
Radio Frequency Identification (RFID)

By End User:

Hospital
Public Hospital
Private Hospital
Other End Users

By Region:

North America
Latin America
Europe
Asia-Pacific excluding Japan
Middle East & Africa

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ePassport Market 2022 Expectations & Growth Trends Highlighted Until 2028

The ePassport Market Expanding at a CAGR of 22.9%, the global ePassport industry is projected to increase from a valuation of US$ 41.9 Bn in 2022 to US$ 144.4 Bn by 2028.

The local data structure (LDS) format, traditionally employed in ePassports, have been witnessing changes recently. With the International Civil Aviation Organization (ICAO) working on new version of LDS, called LDS2, which will retain the backward compatibility while incorporating read-write function. This will further extend the functionality of ePassport with applications that enable storage of travel data, including travel stamps and Visas, coupled with other information that include special programs or advanced biometrics for special passengers.

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Prominent Trends Governing Global ePassport Market

The global ePassport market report highlights various supply and demand side trends along with strategic recommendations and a detailed analysis of the ePassport market on the basis of various segments.

With the growing incidences of terror attacks and illegal activities on an international level, there is a strong demand for data encryption and data protection. Regulatory bodies such as ICAO, IATA, and ACI have formed numerous protocols to improve border security and thus, ePassports have been witnessing strong demand.

The roadmap for LDS2 has birthed new concepts apropos of use and collection of passenger information, which in turn is expected to have far-reaching implications for the airports. With refugee crisis and rise in international terrorism, demand for counterfeit and stolen passports has been on the rise, which has led governments and airlines to better their security systems. Advent of ePassport alludes a future with more data transmission capability to a tamper-resistant and secure integrated circuit (IC), thereby revolutionizing airport security and reducing waiting times in long queues.

RFID Remains Preferred Technology while Biometrics Gain Marked Significance

According to the study, RFID technology has witnessed widespread adoption in ePassport generation, with global sales estimated at over 207,396 thousand units in 2018. New applications of RFID for ePassport have been introduced, however considerable privacy and security risks have been identified recently. This has led to the incorporation of multistage authentication for verification of ePassports, resulting in the adoption of biometrics in combination with RFID to reduce identity theft and fraud, while aiding governments in furthering their border security.

Omnipresence of biometric technology continues to enable thorough, yet time-effective screenings with the aid of chip readers, which is particularly pervasive in commercialized settings such as the hospitality industry. As biometric technology becomes vital for national security, converging digital and physical identities via ePassports is viewed as commendable solution for improved efficacy and accuracy of border security. The study estimates the number of ePassports integrated with the biometric technology to register Y-o-Y growth at more than 18% in 2019 over 2018.

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ePassport Market Players Eyeing Long-term Contracts with Governments

According to the study, companies operating in the ePassports market have been taking efforts to submit tenders and acquire supply contracts for ePassport developments and deployments. The multi-year service contract of Gemalto N.V. for British passports is a prime example of such instances. Key players in the ePassport market have been concentrating on the development & deployment of highly-encrypted ePassports, as new-generation passports witnessed increased incorporation by using PACE and SAC.

Lack of infrastructure developments and relatively expensive nature of ePassports remain key growth impediments for their market growth. ePassport penetration is currently limited to developed markets, and several developing economies are yet to introduce the biometric and electronic variants, particularly held back by lack of capital and technological know-how.

The study estimates Europe to lead the ePassport market in 2019, with East Asia following the suit. The market in East Asia is further projected by the study to outgrow all the other regional markets in the near future, with efforts of countries to improve their border security by introducing technologically advanced features in their passports.

ePassport Market Survey by Category

By Technology

RFID
Biometrics

By Application

Business Travel
Leisure Travel

By Security

Basic Access Control
Password Authenticated Connection Establishment
Supplemental access Control
Extended Access Control

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Region:

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

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Electronic Skin Market : Notable Developments & Geographical Outlook 2028

The global revenue estimated at over US$ 500 million, electronic skin (e-skin) market is projected to see an aggressive Y-o-Y growth at 20.7% in 2019, according to a study of Future Market Insights (FMI). Thriving as a niche marketplace currently in its nascent stage, electronic skin market will reportedly remain a high growth-low value landscape.

With remote healthcare monitoring spreading its roots and micro-electronics reaching the peak of technological advances, the study highlights impressive potential of healthcare industry to fortify applicability of electronic skin technology in the years to come.

Anticipated to play a vital role in instrumenting demand for electronic skin technology, remote patient monitoring equipment has been one of the strongest growth determinants associated with performance of electronic skin market.

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Looking at the dramatically rising rate of chronic disease prevalence and aging population more susceptible to acquiring chronic conditions, the report opines that potential applications in healthcare will particularly benefit from the electronic skin technology development. Flexibility and ultra-thin nature are emerging as paramount attributes pushing electronic skin adoption, making it an ideal candidate for wearable medical devices.

Besides potential applicability in breast cancer diagnostics, the market is favoring from research on electronic skin’s usability in healthy tattoos and non-invasive wound tracking
Stretchable conductors and stretchable circuits hold a combined share of more than half of the total electronic skin market revenue

In the backdrop of increasing investments in R&D of developing self-healing, comfortable monitoring systems by using electronic skin, FMI envisages electronic skin gaining the platform technology status in healthcare realm. At present, around 32% of the total revenue is being generated by adoption of electronic skin in healthcare. The report forecasts bullish prospects for revenue growth through e-skin adoption in healthcare, at around 20% Y-o-Y in 2019.

Consistent growth in research investments directed to discover new application platforms for electronic skin technology is cited as a high-impact demand growth determinant for electronic skin market. Consumer electronics, though currently registering moderately rising usage of electronic skin technology, are on the brink of emerging as the most lucrative investment pocket for electronic skin technology innovators in coming years. The report foresees that e-skin technology adoption will be on a constant high in consumer electronics, accounting for an exponential rate post 2020.

While electronic skin technology has already been trialed for application in portable remote control systems for hardware, emergence of attractive investment avenues are speeding up adoption of electronic skin in wearables, which already has a sizeable consumer base compared to a majority of other consumer electronics. This according to the report will play a crucial role in bolstering electronic skin market revenue in coming years.

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Moreover, riding on a host of next-generation potential applications in assistive health, communication framework & protocol, and social intelligence robotics among others, electronic skin technology continues to garner research interests. Highly sensitive pressure sensing and impeccable flexibility are also pushing functionality of electronic skin technology in H2M (human-machine) interactions. Increasing research efforts concentrating on discovering potential of electronic skin in assisting robotic surgeries point to a magnificent application area developing for electronic skin technology innovation.

“With industrial robots being increasingly subject to sensory features for an efficiency upgrade, the potential of electronic skin technology to invade industrial sector and entirely replace human intervention cannot be understated,” says the FMI report.

Some of the prominent players such as Koninklijke Philips N.V. and Dialog Semiconductor are entering strategic partnerships and R&D collaborations to introduce new product lines. Patent security remains paramount for 3M before new product launches, says the report. However, a majority of competitors operating in global electronic skin market landscape are concentrating on R&D to explore novel e-skin applications that will offer a competitive edge.

Key Segment

Component

Stretchable Circuits
Stretchable Conductors
Electr-active Polymers
Photovoltaics
Others

Application

Consumer Electronics
Automotive
Healthcare
Telecommunication
Retail
Aerospace & Defense
Others

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Key regions covered in the global electronic skin market report:

North America
Latin America
Europe
SEA and Others of APAC
China
Japan
Middle East and Africa

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I/O-Link Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2027

The I/O Link Market is set to experience significant growth of 15.8% CAGR for 2022 – 2027, with an estimated I/O Link industry value of US$ 5,896.8 Mn as of 2022 & US$ 12,285.9 Mn by 2027.

Rapidly growing industrial communication space with industrial IoT
Increasing industrial adoption of Ethernet solutions over Fieldbus
Government initiatives to promote industrial automation and rapid implementation of Industry 4.0
Consistent efforts to reduce the time and cost involved in I/O link development

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I/O Links Market – Primary Takeaways

Assembly automation applications are witnessing strong growth particularly in the manufacturing and automotive sector.
I/O link for hybrid industry process are gaining strong traction driven by superior scope of functionality in industry 4.0 settings.
Asia Pacific is generating strong demand for I/O links owing to major manufacturing hubs in India, China, South Korea, and Japan.

I/O Links Market – Growth Factors

Support capabilities for high level ethernet and fieldbus protocols drives adoptions rates.
Low production costs and superior energy efficiency in operations support market growth.

I/O Links Market – Major Constraints

Limitations in motion control applications limit use of I/O links to select industries.
Lack of international standardization for I/O link specifications is a major challenge for market players.

The Projected Impact of Coronavirus

The complete impact of the coronavirus pandemic on the I/O links market is not clear as yet. The manufacturing process continues to be largely manual, which in turn hints at a slower market recovery, as workers are less inclined to operate in environments which contribute to health risks.

Also, China is going through a second wave of coronavirus cases, which will hurt market prospects in the months ahead. Alternative sourcing and government bailouts are expected to be important for the industry throughout the crisis period.

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Competition Landscape

The I/O Links market comprises players including but not limited to ifm electronic FZC, Leuze electronic GmbH, Balluff GmbH, SICK AG, Siemens AG, OMRON Corp., Hans TURCK GmbH, Pepperl + Fuchs, Banner Engineering, and Rockwell Automation Inc.

Participants in the I/O Links market are primarily interested in research and development initiatives to for product innovations and launches to boost product portfolios and scope of functionality.

For instance, Balluff GmbH has revealed a new smart level sensor with I/O link for high conductive fluid applications. Hans Turck GmbH has unveiled an IP67 I/O module for integration into process automation applications. Also, SMC Corporation of America has announced the launch of a wireless I/O link master for remote motion control settings.

Key Segments

By Component