Multiprotocol Storage Market is likely to surpass US$ 56782.3 million by 2032

In today’s world, multiple storage protocols are implemented in the same network due to complex storage networking environments and adoption of converged, or unified networking.

Multiprotocol storage also known as unified or federated storageis a computer storage system that provides block storage and file storage access in a single integrated hardware package, without any requirement of external or third-party gateways, bridges or routers.

Multiprotocol storage products helps in adapting various application requirements by integrating block-based access using serial-attached SCSI (SAS), Fibre Channel and iSCSI, along with network attached storage (NAS) or file-based access using NFS and CIFS for file sharing in a solution package.

Multiprotocol storage assists in planning overall storage capacity consumption, and provides support for server virtualization initiatives.

 

It also offers a gateway approach, allowing enterprises to add a speciality file server to a storage system they already own, which results in extending the useful life of system and balanced usage of asset.

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Multiprotocol Storage Market: Drivers and Restraints

Factors such asreduced hardware requirements, lower capital expenditures for the enterprise, simple and centralized management of storage administration tasks compared to separate products, improved data availability and performance, and increased connectivity and utilization resulting in stable operational processes are driving the growth of multiprotocol storage market.

However, factors such as operational control limitations leading to reduced or variable storage performance, requirement of data backup strategy to avoid performance issues are hindering the growth of multiprotocol storage market.

Multiprotocol Storage Market: Regional Trends

North America region is the largest market for multiprotocol storage due to the presence of wide variety of end-user enterprises and competitive environment between them. In Europe, multiprotocol storage market is growing at a significant pace due to changing technology and industry landscape.

Multiprotocol storage market growth in Asia-Pacific region is at a considerable pace due to large scale outsourcing of data storage services in this region. Latin America and Middle East multiprotocol storage market is at an emerging stage due to rise in business demands and IT needs.

 

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Multiprotocol Storage Market: Key Players

IBM Corporation, Cisco, NetApp, NTT Communications Corporation, EMC Corporation, Avere, Hewlett-Packard, and Zadara Storage some key players in multiprotocol storage market.

Regional analysis for Multiprotocol Storage Market includes

  • North America Multiprotocol Storage Market
    • US
    • Canada
  • Latin America Multiprotocol Storage Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Multiprotocol Storage Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Multiprotocol Storage Market
    • Poland
    • Russia
    • Asia Pacific Multiprotocol Storage Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Multiprotocol Storage Market
  • Middle-East and Africa Multiprotocol Storage Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

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

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Regional analysis for Multiprotocol Storage Marketincludes

On the basis of deployment it can be sub-segmented into:

  • Public cloud
  • Private cloud
  • Hybrid cloud

On the basis of type it can be sub-segmented into:

  • Network attached storage
  • Storage area network
  • Computed storage

On the basis of end-user size it can be sub-segmented into:

  • Small enterprises
  • Medium enterprises
  • Large enterprises.

On the basis of end-user vertical it is further segmented into:

  • BSFI
  • IT and Telecommunications
  • Transportation and Logistics
  • Manufacturing
  • Government and Defence
  • E-commerce
  • Healthcare
  •  Energy and Utilities
  • Retail
  • Media and Entertainment
  • Others

Multiprotocol Storage Market: Segmentation

On the basis of deployment it can be sub-segmented into:

  • Public cloud
  • Private cloud
  • Hybrid cloud

On the basis of type it can be sub-segmented into:

  • Network attached storage
  • Storage area network
  • Computed storage

On the basis of end-user size it can be sub-segmented into:

  • Small enterprises
  • Medium enterprises
  • Large enterprises.

On the basis of end-user vertical it is further segmented into:

  • BSFI
  • IT and Telecommunications
  • Transportation and Logistics
  • Manufacturing
  • Government and Defence
  • E-commerce
  • Healthcare
  •  Energy and Utilities
  • Retail
  • Media and Entertainment
  • Others

Segmentation on basis of Region for Multiprotocol Storage Market

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Eastern Europe
  • Western Europe
  • Middle East & Africa

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Multi-axis Motion Controller Market is likely to reach US$ 20.3 Billion by 2032

Multi-axis  predicted CAGR of 9.1% from 2022 to 2032, the multi-axis motion controller market is anticipated to be worth US$ 8.5 billion in 2022 and US$ 20.3 billion by 2032.

The motion of an object can be controlled with the help of a motion controller. Digital (such as digital computers), as well as analog components, can be used to manufacture motion controllers. Motion control is a part of automation that involves the machine parts that move and ultimately provide control and safety. When motion control products and automation come together, high rates of productivity and flexibility can be achieved in the devices and equipment. 

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Manufacturing industries based on machinery and production are directly affected by changes in the global multi-axis controller market. A central DC power supply is provided in a multi-axis motion controller which is shared by some axes. As a common DC power supply is shared between multiple axes, there is a cost advantage in applications where multiple axes are used in a device. 

Multi-axis motion controllers can be used in application areas such as Co-ordination Inspection Machine, Laser Cutting machines, Coil winding machines, Routing Machines, and Glass Cutting Machines, among so many other applications. During the forecast period 2017-2026, the Multi-axis Motion Controller is expected to grow at a moderate CAGR during the forecast period. 

Multi-axis Motion Controller Market: Drivers & Restraints 

In the recent past, a concept known as Internet of Things (IoT) for customized products has emerged. This concept, making its way through the market has brought about an Industrial revolution along with the concept of Industry 4.0. 

The emergence of IoT is likely to drive the Multi-axis Motion Controller Market. Also, one of the factors expected to push the growth of Multi-axis Motion Controller market is the increased adoption and demand for motion controllers in the APAC (Asia-Pacific) region 

. As the machines used in the industries are gradually becoming electromechanically or electrically operated, the demand for multi-axis motion controllers is also increasing at a fast pace, especially in the machine tools segment. Also, electric discharge machining and laser cutting machining are high potential areas where growth is estimated at a high CAGR in the forecast period 2017-2021. 

Multi-axis motion controllers provide very high levels of precision control and accuracy and hence have a very high demand in the semiconductor segment of multi-axis motion controller market. Low- cost manufacturers of Asia region have a competitive strategy for deciding the prices of multi-axis motion controllers. This factor may restrain the growth of Multi-axis Motion Control Market. 

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Multi-axis Motion Controller Market: Regional Outlook 

The APAC (Asia-Pacific) region is said to be global leader in the multi-axis motion controller production, accounting for around significant share of the Multi-axis Motion Controller market share. 

This figure is estimated to go further up in the estimated period 2017-2021. The APAC region has seen a rise in the investments made in the machinery production field, which has in turn lead to an increase in the demand for the multi-axis motion controller. Asia is a region rich in raw materials, labor and land, available at an affordable cost. Hence, key players of the Multi-axis Motion Controller Market are willing to make huge investments in the manufacturing sector in the Asia region. 

Asia, Latin America and the Middle East regions are expected to show a growing trend in the Multi-axis Motion Controller Market during the forecast period. The packaging and labelling sector of the Multi-axis Motion Controller Market is estimated to show a high growth rate in the US and China regions. 

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Multi-axis Motion Controller Market Key players 

Some of the major players of the Multi-axis Motion Control Market are:- 

  • ABB 
  • Mitsubishi Electric 
  • Galil 
  • Parker Hannifin 
  • Bosch Rexroth 

Some of the other prominent vendors are:- 

  • TRM 
  • Aerotech 
  • Trio Motion Technology 
  • AMK 
  • Toyo Advanced Technologies 
  • Altra Industrial Motion 
  • Technosoft 
  • Arcus Technology 
  • CS-Lab 
  • Strategi 
  • Delta Tau Data Systems 
  • Servotronix Motion Control 
  • FAULHABER 
  • Schneider Electric 
  • Moog 
  • OMEGA 
  • SANYO DENKI 
  • OMRON 
  • ORMEC Systems 
  • Rockwell Automation 
  • sub Machine Control 

Multi-axis Motion Controller Market: Market Segmentation 

Multi-axis Motion Controller Market is segmented by end-user, by applications, by product-type, and by geography. Further, regarding end uses, multi-axis motion controllers used in the machine tools segment consist of hardware services and products for movement and controlling the position of composite functions.

The growth and demand for machine tool end use in the manufacturing industries is grown rapidly due to the efficiency and quality of equipment and machines used in major applications including metal cutting and metal forming applications where multi-axis motion controller based products are primarily executed. Moreover, labeling and packaging machines need homogeneous and advanced multi-axis motion controllers that can regulate synchronized movements along various axes. 

Based on end-user, Multi-axis Motion Controller is segmented into:- 

  • Packaging and labeling 
  • Machine tools 
  • Material handling 
  • Semiconductor 
  • Others 

Based on applications, Multi-axis Motion Controller is segmented into:- 

  • GMC 
  • Material handling 
  • Robotics and CNC 
  • Packaging and labeling 
  • Semiconductor Process 
  • Flight Simulator 
  • Semiconductor 

Based on product-type, Multi-axis Motion Controller is segmented into:- 

  • Digital Signal Processing type 
  • Analog Circuit type 
  • Programmable Logic type 
  • Micro Control Unit type 

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Small Molecule API Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2031

Increasing demand of high potency drugs and increasing cases of chronic diseases are expected to boost small molecule active pharmaceutical ingredient (API) Market. In a study, Future Market Insights (FMI) has forecast the small molecule API market to exhibit 5% CAGR between 2021 and 2031. According to the report, although in-house manufacturing is currently leading the market, the trend towards outsourcing in the pharmaceutical industry makes outsourced production more lucrative. The outsource segment is therefore likely to account for 50% of production in the market during the forecast period.

A small molecule drug can enter cells easily because it has a low molecular weight. Once inside the cells, it can affect other molecules, such as proteins, and may cause cancer cells to die. Increasing research on small molecule APIs and novel Biologics APIs will boost the market growth. High potency drug market is a growing pharmaceutical segment. Increasing prevalence of cancer and other chronic diseases owe to the need of oncology drugs and antibody drug conjugates.

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The oncology market is growing enormously. High potency drugs constitute significantly to the new drugs that are under development. Small molecule demand still dominates the API market, however new biological entity demand is also growing rapidly growing healthcare expenditure is resulting in new molecule discovery, the evaluation of various molecules for possible disease treatment, and the adoption of an innovative approach to these studies.

As increasing prevalence of chronic disorders like cardiovascular diseases, diabetes, cancer and infectious diseases, and increasing research on small molecule APIs will boost the market growth. Besides this, government funding to API manufacturing units is also increase in developing countries like India, Israel, and China. In May 2020, AstraZeneca recovered the global rights to brazikumab from Allergan. Small molecule monoclonal antibody is developed for Crohn’s Disease and Ulcerative Colitis and adds to their growing presence in Immunology

Coronavirus pandemic has changed the public medical care needs and spending however this is viewed as transient effect on the Small Molecule API market. The immense COVID-19 patient pool attracted spotlight on the treatment of these patients, in turn increasing the demand for small molecule API.

Key Takeaways from Small Molecule API Market Study

  • As a result of increasing healthcare spending and favorable reimbursement policies, the U.S. accounts for over 87% of North America small molecule API market
  • Rising focus on health and wellness will enable the U.K. exhibit a little below 4% y-o-y growth in 2021
  • Germany will account for maximum sales in Europe. Besides this, the demand from France too is expected to rise
  • Increasing investment in research and development within pharmaceutical will drive sales in China

 “The market is highly competitive, compelling the key players to aim at strategic partnerships. Some of the leading players have been focusing on strategic collaborations to expand their footprint and portfolio” says the FMI Analyst

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The use of external resources (people, equipment and/or expertise) to facilitate the preparation of Active Pharmaceutical Ingredient (API) or advanced intermediates has become a common practice for most pharmaceutical development organizations. In early development the reasons to seek external support for the manufacture of API was attributed to a number of factors, including a lack of sufficient internal capacity, a need to source unique technical expertise or a desire to achieve overall cost reductions.

For organizations which have no internal GMP manufacturing capabilities whatsoever (e.g. biotech companies), outsourcing is, of course, a necessity. However, companies which have some level of internal manufacturing capacity may have options to use outsourcing to their strategic advantage. This outsourcing capability has increase the source of generating more revenue for new emerging companies. For fast growth of industry they follow outsourcing strategies.

In addition, key players in the Small Molecule API market are keenly focusing on carrying out strategic activities such as advance technology for manufacturing, acquisitions, in order to create a strong position into the market is leading into vigorous developments which is helping the market to grow at a considerable rate.

For Instance, In January 2020, Novartis acquisition of operations of Aspen in Japan. This acquisition strengthened Sandoz’s position in world market of off-patent medicines and generic drugs manufacturing.

Key Participant Insights

Various manufacturers are undergoing partnerships, collaborations, acquisitions and distribution agreements to improve their market footprint.

For Instance, in December 2020, Pfizer Inc. and PostEra announced a strategic partnership with the goal of accelerating small molecule drug discovery by developing a platform technology based on generative chemistry.

Also, in January 2020, Merck announced its strategic collaboration for oncology platform with Taiho Pharmaceutical Co, Ltd. And Taiho Pharmaceutical Co, Ltd to expand its focus on small molecule inhibitors for cancer research.

Key players in the Small Molecule API market are focusing on developing novel drugs due to its demand across various therapeutic area. Some of the key players are , Hoffmann-La Roche Ltd, Albany Molecular Research Inc., AstraZeneca, Merck & Co, Inc., BASF SE, Teva Pharmaceutical Industries Ltd., Sanofi S.A., Pfizer Inc., Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Novartis AG, Bristol-Myers Squibb, Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, GILEAD Science Inc.,

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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 Small Molecule API market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on Small Molecule API market on basis of Molecule by (Standard API, High Potency API), By Production (In-House, Out Source),Application (Clinical, Commercial), Therapeutic Area (Cardiovascular Diseases, Respiratory Disorders, Infectious Diseases, Metabolic Disorders, Oncology, Immunology, Neurology, Urology, Dermatology , Ophthalmology , General Health, Others) across seven major regions.

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Small Molecule API Market by Category Molecule Type

  • Standard API
  • HPAPI

Production

  • Captive/In-House
  • Out Source

Application

  • Clinical
  • Commercial

Therapeutic Area

  • Cardiovascular Diseases
  • Respiratory Disorders
  • Infectious Diseases
  • Metabolic Disorders
  • Oncology
  • Immunology
  • Neurology
  • Urology
  • Dermatology
  • Ophthalmology
  • General Health
  • Others

Region

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

About 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.

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Acoustic Wave Sensors Market is estimated at US$ 2,438 Mn by 2032-FMI

In past few years, Acoustic Wave Sensors have gained an enormous interest in sensor applications. The Acoustic Wave have been widely used in different industries and will continue to gain more importance in the foreseeable future.

The development of new technologies such as micro technology and Micro Electro Mechanical System is one of the factor which is driving the growth of Acoustic Wave Sensor Market.

Moreover, the advantages of Acoustic Wave Sensor devices such as high resolution, inherent high sensitivity, high stability and ability to perform well in low frequencies is one of the factors which is fueling the growth of Acoustic Wave Sensor market.

Also, the technological advancement will propel the demand of Acoustic Wave Sensors in various segments such as consumer electronics and automobile segment.

Acoustic Wave Sensors are considered to be an essential division of micro-electromechanical systems that works on the theory of modulating surface acoustic waves which senses the physical phenomenon.

Acoustic Wave Sensors are used to convert electrical signal into mechanical waves and it is used in various fields such as signal processing, sensing and others.

The Acoustic Wave Sensors are anticipated to replace the conventional product in various application segments owing to its passive nature, wireless operation and lesser response time.

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Acoustic Wave Sensors: Drivers and Challenges

Drivers

The technological advancement in sensing technologies and the need to replace older products are the significant factors driving the growth of Acoustic Wave Sensors market.

Moreover, the increasing needs and growing adoption of Acoustic Wave Sensors by various industries such as automobile, military, healthcare and others is the major factor which is driving the growth of Acoustic Wave Sensors market.

Apart from this, the increasing demand of Acoustic Wave Sensors for security and surveillance in various industry verticals is fueling the growth of Acoustic Wave Sensors market.

The low manufacturing cost and technological advantages of Acoustic Wave Sensors over the conventional products are the factors which are supporting the growing demands for Acoustic Wave Sensors.

Challenges

As Acoustic Wave Sensors requires several processes and technologies, therefore, the compatibility of Acoustic Wave Sensors with other products is one of the major challenge which may hinders the growth of Acoustic Wave Sensors market.

Also, the replacement of Sensors in conventional technology by Acoustic Wave Sensor is the major challenge in Acoustic Wave Sensor market.

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Key Contracts

In September 2015, SENSeOR and FEMTO-ST inaugurated a common research laboratory called Physical Acoustics, which is dedicated for a research in the field of Surface and Bulk Acoustic Waves, Sensors and Sensing Systems.

In May 2015, General Electric and Transense Technologies entered into partnership in order to develop new instrumentation applications by utilizing their wireless, passive surface acoustic wave measurement technologies.

Key players

The Prominent players in Acoustic Wave Sensors market are Honeywell International Inc., Seimens AG, Electronic Sensor Technology, General Electric, CTS Corporation, Transense Technology plc, AVX Corporation, Kyocera Corporation, SENSeOR Sas, Vectron International Inc., and others.

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Regional analysis for Acoustic Wave Sensors Market includes development of these systems in the following regions

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific (excluding Japan)
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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.

Acoustic Wave Sensors Market: Segmentation

Segmentation of Acoustic Wave Sensors on the basis of propagation mode:

  • Surface Acoustic Wave Sensor
  • Rayleigh Surface Wave Sensors
  • Shear-horizontal surface Acoustic Wave Sensors
  • Bulk Acoustic Wave Sensors
  • Thickness shear mode resonators
  • Shear-horizontal Acoustic plate mode sensors

Segmentation of Acoustic Wave Sensors on the basis of Vertical:

  • Military
  • Automobile
  • Industrial
  • Healthcare
  • Food and Beverages
  • Others

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Obesity Management Market is estimated to reach US$ 1.3 Billion by 2031

Globally, more than 1 billion individuals are overweight or obese and the numbers continue rising. This high prevalence of obesity will drive demand for obesity management products and services in the long term.

According to the World Health Organization (WHO), approximately 1.9 billion adults were overweight and 650 million adults were obese. Whereas 38.3 million children under 5 years of age were either overweight or obese in 2019. One in three adults in North America is obese. In the U.S., 80 million adults and 12.7 million children suffer from obesity.

Obesity is a prominent community health problem in many parts of the world. It is associated with numerous health disorders including gallbladder disease, heart disease, diabetes, stroke, hypertension, and fatty liver disease in addition to some cancers. According to a recent Future Market Insights (FMI) report, the market is set to surpass US$ 1.2 Bn by the end of the forecast period in 2031, with a CAGR of over 5%.

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Furthermore, there has been an increase in the per capita healthcare expenditure, especially in developed countries, with better reimbursement policies. People are now inclined towards out-of-pocket expenditure healthcare. Personal health, grooming, and concerns over social discrimination are leading people to take obesity management consultations.

However, the unprecedented pandemic crisis has had a significant impact on the obesity management market due to a slump of patient footfall in hospitals and clinics. Preference is now being given to the treatment of COVID-19 patients, limiting resources for anti-obesity consultations and related drugs or surgeries.

Also, there has been a halt in clinical trials for weight management drugs. However, with the availability and commencement of the COVID-19 vaccination, the clinical trials are resuming and are anticipated to pick up pace during the forecast period. Also, the adoption of telehealth and in developing countries is likely to bode well for the future of the market in the long term.

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Key Takeaways from Obesity Management Market Study

  • Bupropion and Naltrexone will reflect register faster growth at a CAGR of 8.4%, owing to an increase in the preference for combination therapy in weight management.
  • Gastric sleeve surgery will account for over 40% of the market throughout the forecast period owing to benefits of simplicity and time-efficiency.
  • The U.S. will lead the North America market with a share of over 64% in 2021, driven by continuing diet and lifestyle issues prevalent in the country.
  • Germany followed by Russia are leading markets in Europe, reflecting CAGR of over 6% through the end of 2031, driven by improvements in public health programs.
  • Japan dominates the East Asia market, accounting for 49% value share in 2021, with government awareness programs contributing to growth.

“The rapidly increasing obesity cases and the resultant chronic diseases have triggered concern among patients and healthcare professionals. The COVI-19 crisis has alarmed people, as overweight people are at higher risk of acquiring SARS-COV2. This consciousness may help in encouraging obesity management uptake through 2021 and beyond,” says the FMI analyst.

Key Participant Insights

Prominent players in the Obesity Management Market are focusing on collaborations, mergers & acquisitions for global expansion and enhanced opportunities focused on emerging economies thereby, enhancing their market presence.

The key market players covered by FMI include GlaxoSmithKline Plc., VIVUS, Inc., Novo Nordisk A/S, Currax Pharmaceuticals LLC, Cheplapharm Arzneimittel GmbH, Bausch Health Companies Inc., and Takeda Pharmaceuticals, Inc.

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Obesity Management Market by Category

By Drug Type:

  • Bupropion and Naltrexone
  • Orlistat
  • Lorcaserin
  • Phentermine and Topiramate
  • Liraglutide

By Surgery Type:

  • Gastric Bypass Surgery
  • Adjustable Gastric Banding Surgery
  • Gastric Sleeve Surgery
  • Duodenal Switch Surgery
  • Others

By Distribution Channel:

  • Hospitals Pharmacies
  • Retail Pharmacies
  • E-commerce

Region:

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

About 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.

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Endovenous Laser Therapy Market is projected to reach US$ 811.0 Million by 2031

[151 Pages Report] 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).

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.

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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.

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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Endovenous laser therapy Market by Category By Product

  • Endovenous Laser Systems
    • Diode Lasers
    • Yag Lasers
  • Endovenous Laser Fibers
    • Bare Tip Laser Fibers
    • Radial Tip Laser Fiber
    • Gold tip Laser Fiber

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

About 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.

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Point-of-care Molecular Diagnostics Market is projected significant CAGR of 8% from 2022-2032

[321 Pages Report] Per the point-of-care molecular diagnostics market survey by Future Market Insights (FMI), the market is forecasted to move forward at an average pace and register a CAGR of 8% from 2022 to 2032.

Many current POC diagnostics are based on lateral flow immunoassay technology, and these instruments use antibodies to detect the presence of an analyte, such as cancer biomarkers, in a short period and thus, having the effect of spurring the point-of-care molecular diagnostics market growth to a large extent.

As per the point-of-care molecular diagnostics market report, the demand for point-of-care molecular diagnostics is on a surge owing to the growing trend toward preventive medicine. This is considered to shape the point-of-care molecular diagnostics future trends to a large extent.

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According to United Nations data, the number of older adults has steadily increased for decades. As a result of this demographic shift, the prevalence of various chronic diseases is rising, thereby facilitating the adoption of point-of-care molecular diagnostics devices.

The study finds that current cancer diagnostic methods are invasive (for example, cystoscopy, which involves inserting a hollow tube/cystoscope installed with a lens into the urethra and bladder to diagnose cancer). However, less invasive methods, such as point-of-care molecular tests, can be available for point-of-care cancer diagnostics, broadening the point-of-care molecular diagnostics opportunities.

Though most of the industries’ overall sales of molecular diagnostics dwindled steeply due to the COVID-19 pandemic and the use of molecular diagnostic methods for COVID-19 testing, it had a positive impact on the point-of-care molecular diagnostics market size.

As countries gradually slacken their restrictions on movement, there is a resurgence in testing numbers. Aside from vaccines and therapeutic drugs, there is an increasing demand for the development of more precise and simple testing technologies and the expansion of testing structures.

Thus, point-of-care molecular diagnostics companies have made strategic decisions to introduce POC rapid tests, maintain revenue, and mitigate COVID-19’s impact on their operational capabilities. This point-of-care molecular diagnostics market trend is expected to continue in the coming years.

Aside from cancer in the elderly, respiratory diseases in children and adults are becoming one of the top five causes of death. However, as per Pfizer, there are currently no RSV immunization options available, although many vaccines are still in clinical trials.

People are dying due to this since they are unaware of the available treatment. Thus, the prevalence of point-of-care molecular diagnostic tests plays a vital role in quick analysis and, as a result, in providing patients with immediate treatment.

The point-of-care molecular diagnostics market is predicted to muster a total revenue of around US$ 4 Bn by 2026 on account of the abovementioned factors.

Key Takeaways

  • The assays and kits segment is expected to account for a significant chunk of the POC molecular diagnostics market based on the product type. The market growth of this segment is being driven by the widespread purchase of these products’ POC diagnostic devices as a result of their frequent usage.
  • The RT-PCR segment is expected to dominate the point-of-care molecular diagnostics market in terms of technology, owing to the increasing use of RT-PCR in proteomics, genomics, and COVID-19 testing and the availability of portable, easy-to-use POC devices.
  • The respiratory diseases segment is projected to lead the POC molecular diagnostics market on account of the shift of concentration by key players on various strategies for developing advanced point-of-care diagnostics devices.
  • By end-use, the hospital bedside segment is expected to witness the most significant point-of-care molecular diagnostics market share due to the rising adoption of advanced instruments in these settings and rapid investments in hospital infrastructure by the public and private sectors in emerging countries.
  • The Asia Pacific region is expected to proliferate due to the expansion of key market players, a lack of sophisticated central laboratory point-of-care molecular testing services, and the potential cost-effectiveness of POC molecular diagnosis.

“The North American market is expected to be at the forefront of the point-of-care molecular diagnostics market, attributable to the United States’ emerging trends in point-of-care molecular diagnostics market such as well-organized health-care system. In addition, the system promotes research and development. These policies encourage foreign players to enter the United States and the North American market. As a result, many global market players are present in this region, and the market is projected to flourish as high demand is met by the presence of global players in the region.” opines an FMI researcher.

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Competitive Landscape

The top point-of-care diagnostics companies are developing most point-of-care molecular diagnostic tests and have established their market position by investing more in research and developing a better distribution system.

The entry of new players challenges the semi-consolidated market and may result in intense competition during the forecast period.

Furthermore, due to increased awareness, the Asia-Pacific region is seeing the emergence of some minor players, which aided the point-of-care molecular diagnostics market growth.

LLC. (US), Danaher Corporation (US), Alere Inc. (US), Quidel Corporation (US), Biocartis Group NV (Belgium), bioMérieux SA (France), Thermo Fisher Scientific (US), Mesa Biotech Inc. (US), F. Hoffmann-La Roche Ltd., and Meridian Bioscience Inc. (US) are the critical point-of-care diagnostic companies profiled in the global POC molecular diagnostics market.

Recent developments in the point-of-care molecular diagnostics market are as follows:

  • The World Health Organization (WHO), Africa Centers for Disease Control and Prevention (Africa CDC), the Bill & Melinda Gates Foundation, the Clinton Health Access Initiative (CHAI), the Foundation for Innovative New Diagnostics (FIND), and the Global Fund constituted a global partnership. Today, the organization announced the launch of the COVID-19 rapid test in low and middle-income countries.
  • Mylab Discovery Solutions has collaborated with Hemex Health, the United States company, to develop next-generation diagnostic solutions for coronavirus and another point-of-care diagnostic testing.

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Point-of-care Molecular Diagnostics Market Key Segments

By Product & Service:

  • Assays & kits
  • Instruments & Analyzers
  • Software & Services

By Technology:

  • RT-PCR
  • INAAT
  • Other technologies

By Application:

  • Respiratory Diseases
  • Sexually Transmitted Diseases
  • Hospital-acquired Infections
  • Cancer
  • Hepatitis
  • Gastrointestinal Disorders
  • Other Applications

By End User:

  • Physicians’ Offices
  • Hospitals & ICUs
  • Research Institutes
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About 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.

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Sepsis Diagnostics Market is projected to expand at a 9% CAGR by 2032

[341 Pages Report] According to a recent analysis from Future Market Insights, the global sepsis diagnostics market size is predicted to reach US$ 1.3 billion by 2032. Furthermore, it is expected to grow at a CAGR of 9% throughout the projection period. Over the projected period, the increased prevalence of sepsis, the development of technologically enhanced diagnostic methods, and growing government programs are expected to increase the number of active sepsis diagnostics companies.

The sector is booming due to increased demand for antibiotic-resistant bacterial strains, an ageing population, and a high prevalence of hospital-acquired infection. Additionally, a spike in the proportion of product approvals for sepsis diagnosis is expected to promote demand for sepsis diagnostics.

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However, factors such as a lack of experienced specialists for diagnosing sepsis, a lack of knowledge, and the adoption of conventional processes during antibiotic production hamper the sales of sepsis diagnostic.

Owing to the rise in newborn umbilical cord infection occurrences and the number of surgical procedures in these countries, developing markets provide a positive outlook for sepsis diagnostics.

HAIs, also known as nosocomial infections, are a leading source of morbidity and mortality in hospitals around the world. Urinary tract infections, pneumonia, and sepsis are the most frequent hospital-acquired infections (HAIs). In addition, in immunocompromised individuals, aged patients, and people with chronic conditions, HAIs can cause sepsis. Because of the significant rise in HAIs around the world, demand for sepsis diagnostic devices is projected to expand in the future years.

Sepsis is a complex condition to detect, and even a one-minute delay in antibiotic delivery increases the chance of death by 7.6% in septic shock patients with hypertension. As a result of the emerging trends in the sepsis diagnostics market, there is a greater need for quick sepsis detection to avoid antibiotic therapy delays in sepsis patients.

Many sepsis diagnostic companies are growing their product offerings in point-of-care technologies, which can quickly identify sepsis, cut down on diagnosis time, and improve life expectancy after sepsis.

The global sepsis diagnostics market is predicted to reach US$ US$ 770 Mn by 2026.

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Key Takeaways

  • Attributed to the presence of a larger consumer population in developing markets such as India and China, the Asia Pacific region of rapid sepsis diagnostics is expected to grow profitably over the forecast period.
  • The global sepsis diagnostics market adoption trends indicate North America is likely to generate more than $200 million in revenue by the end of 2026. The sepsis diagnostics companies in the region are growing due to well-established healthcare infrastructure and increased usage of innovative products. Septic poisoning is also one of the leading causes of death in the United States.
  • As per the sepsis diagnostics market analysis, microbiology technology is likely to gain traction. Microbiology is expected to generate more than $200 million in income by 2026.
  • By product, the sepsis diagnostics market opportunities are divided into blood culture media, assays & reagent kits, devices, and software. The blood culture media segment held the most significant market share during the forecast period. This growth can be ascribed to a rise in blood culture media as a sepsis diagnostics device.

“Sepsis diagnostics device are expensive, limiting the growth of this industry. Additionally, in certain countries, there are no clear guidelines for the treatment of sepsis, and there is a lack of awareness about the repercussions of sepsis if it is not treated effectively.”

Competitive LandscapeOrganizations in the global quality articulation market are consolidating and acquiring systems to gain a competitive advantage and generate significant profits. On the other hand, some players benefit from significant new work systems to gain a competitive advantage in the sepsis diagnostics market statistics.

  • Cytovale Inc. and the Biomedical Advanced Research and Development Authority, or BARDA, announced cooperation in April 2020 to increase the use of Cytovale’s Rapid Sepsis Diagnostic System for identifying sepsis in patients with probable respiratory infections, such as COVID-19.
  • Immunexpress announced a quick SeptiCyte, a one-hour molecular diagnostic test for sepsis, on Biocartis’ Idylla platform in Europe in October 2020. This is one of the first deeply integrated, immune response-based diagnostics to help clinicians diagnose sepsis and sepsis diagnostics market analysis.

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Key Segments

By Product:

  • Blood Culture Media
  • Assays & Reagents
  • Instruments, and Software

By Technology:

  • Blood Culture
  • Immunoassays
  • Molecular Diagnostics
  • Flow Cytometry
  • Microfluidics
  • Biomarkers

By Method:

  • Automated Diagnostics
  • Conventional Diagnostics

By Pathogen:

  • Bacterial Sepsis
  • Fungal Sepsis
  • Viral Sepsis
  • Others

By Test Type:

  • Laboratory Tests
  • Point-of-Care Tests

By End User:

  • Hospitals and Specialty Clinics
  • Pathology & Reference Laboratories
  • Research Laboratories & Academic Institutes

About 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.

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Stoma/Ostomy Care Market is projected to reach US$ 8.8 Billion by 2032 | FMI

[250 pages Report] Stoma/Ostomy Care market share is expected to grow at a slow growth rate of 4% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis.

The rising prevalence of target diseases, innovations in ostomy goods and surgery methods, growing awareness, and reimbursements contribute to the stoma care market expansion.

The most common illnesses that necessitate ostomy care procedures are colorectal cancer, bladder cancer, and inflammatory bowel disease. The surgical excision of the aggressive melanoma of the intestine is used to treat colorectal cancer and inflammatory bowel disease (IBD). In some situations, a surgical incision is established through the abdomen to offer a new waste minimization conduit, known as an ostomy.

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The adoption of stoma/ostomy care procedures performed worldwide has increased due to an increase in the occurrence of these illnesses and greater exposure to risk factors, such as altering eating habits and increasing antibiotic use in children.

Despite the recent developments in stoma care, the stoma/ostomy market faces a more significant number of restraints that limit the growth potential. The market is likely to be restrained by stoma care problems, discomfort, and other concerns linked to ostomy goods, societal stigma, and the increased acceptance of alternative therapies, particularly in developing nations.

As per the stoma/ostomy care market analysis, following the COVID-19 pandemic, there has been a steady decline in the care and prognosis of colon cancer patients in hospitals. The coronavirus treatment was prioritized amongst CRC patients who contracted the virus without requiring surgery. The considerable delay in CRC treatment during the pandemic had a detrimental effect on the market

Although stomas are a reasonably common and safe surgery, there are certain risks. Although most stoma problems are mild, some, particularly necrosis and exhaustion, can become medical catastrophes. To some degree, these issues constrain the acceptance of stoma care appliances.

The stoma care market recorded a valuation of US$ 2.6 Bn in 2021, and is growing at an estimated CAGR of 4% during 2022-2032.

Key Takeaways:

  • As per the recent developments in stoma/ostomy care, the home care settings category led the market in 2020, accounting for 45.4 percent of total revenue, and is predicted to grow at the fastest pace during the forecast period. From 2021 to 2028, the accessories section is predicted to grow at the fastest rate of 6.6 percent as per stoma/ostomy care market trends.
  • In 2020, the ostomy bags sector in terms of product type held the most significant share of the stoma/ostomy care market, accounting for 88.50 percent. This segment is expected to grow at a CAGR of 4.2 percent during the forecast period.
  • Based on end users, hospitals, specialist clinics, and stoma care in nursing accounts for the highest share in the stoma/ostomy care market.
  • Regionally, Europe accounted for 37.85% of the stoma/ostomy care market growth rate in 2020 due to the prevalence of favorable reimbursement scenarios and improved stoma care procedures appliances and nursing considerations.

“Improvement in product design will remain a key differentiator as end users have to face stigma with the drainage bags.” reports FMI analyst.

Competitive Landscape

The European stoma/ostomy care market size is the largest. However, as per the recent trends, key players are focusing on the Asia Pacific market, given the cheap labour cost to reduce their overheads and wide pool of patients.

  • Coloplast is a well-known name in the stoma/ostomy care trends. The company’s industry-leading position is due to its robust pipeline of new goods, budget management, and implementation of new tactics to increase its product offering based on new technologies and services. In the 2020 fiscal year, the company’s ostomy care business reported an organic sales increase of 6%.
  • Under the trade name Aurum Plus, Welland Medical Limited tapped the stoma care market opportunity and developed a new innovative ostomy bag in June 2021. It comes in both closed and drainable varieties.

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Key Segments

By Surgery Type:

  • Colostomy
  • Ileostomy
  • Urostomy

By Product:

  • Ostomy Bags
  • Ostomy Accessories

By End User:

  • Hospitals and Specialty clinics
  • Home care settings
  • Ambulatory Surgical Centers

About 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.

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Aviation Analytics Market is expected to accumulate a market value of US$ 7,216.1 Million-FMI

The majority of businesses use aviation analytics because these solutions help them increase their operational effectiveness, profitability, and maintenance. Aviation analytics aids businesses in creating analytical solutions to meet future demand, such as client wants, which will also aid businesses in maximising their operating revenue.

The global aviation analytics market has a market value of US$ 2887.4 million in 2022 and is anticipated to grow at a CAGR of 9.6% from 2022 to 2032 to reach a market value of US$ 7216.1 million.

27Aviation analytics solutions are used across the aviation industry for various applications such as fuel management, customer analytics, revenue management, and risk management.

Aviation analytics solutions helps enterprises to measure, monitor and analyze their business goals, risk, and future growth of the enterprise.

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Aviation Analytics Market: Drivers and Challenges

Presently, the vendors of aviation analytics market are focusing on intelligence and analytics solutions to boost profitability of their business owing to this it is turning to be the major factor driving the aviation analytics market. The growing emphasis on jet fuel management is another factor driving the demand of aviation analytics market.

Moreover, increasing demand for real time analytics in aviation industry is driving the aviation analytics market in positive manner. Additionally, increasing centricity in the aviation industry is also one of the major factor driving the aviation analytics market.

The major challenge faced by the vendors of aviation analytics market is due to lack of availability of suitable analytical skills.

Aviation Analytics Market: Key Players

Some of the key players of aviation analytics market are: IBM Corporation, Oracle Corporation, SAP SE, General Electric, Aviation analytics Ltd. SAS Institute, Ramco International, Mu-Sigma, and Booz Allen Hamilton.

Aviation Analytics Market: Regional Overview

On the basis of geography, aviation analytics market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the aviation analytics market in North America is expected to dominate during the forecast period owing to high adoption of industrial aviation analytics by medium and large size enterprises to improve their operational performance. North America region is expected to be followed by Western Europe and APAC.

In Europe and Asia pacific region, the market of aviation analytics is growing gradually owing to less awareness and adoption of aviation analytics by enterprises.

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Regional analysis for Aviation Analytics Market includes

  • Aviation Analytics Market by North America
    • US & Canada
  • Aviation Analytics Market by Latin America
    • Brazil, Argentina & Others
  • Aviation Analytics Market by Western Europe
    • EU5
    • Nordics
    • Benelux
  • Aviation Analytics Market by Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Aviation Analytics Market by Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Aviation Analytics Market by Japan
  • Aviation Analytics Market by the Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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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About Us

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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