Rockville, MD , Nov. 11, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global Portable Inverter Generator Market is estimated to reach a valuation of US$ 3,648.6 million in 2024 and is expected to grow at a CAGR of9.4% during the forecast period of (2024 to 2034).
The demand for constant power supply is increasing at a fast pace in the underdeveloped countries. As per the International Journal of Advancements in Research & Technology, India faces a daily power outage of 30,000 MW. Also, the country lacks about 80,000 million units of electricity every year. This trend is likely to continue in the upcoming years, thereby propelling the demand for portable inverter generators.
Besides, portable inverter generators have numerous advanced features, such as high-quality outputs, minimal vibration and less noise, as compared to the conventional generators. Hence, their demand is likely to grow in the residential sector where the transmission systems are not fully upgraded and are unable to sustain the additional power burden.
The global portable inverter generator market is projected to grow at 4% CAGR and reach US$ 8,959.8 million by 2034
The market created an absolute $ opportunity of US$ 5,311.2 million growing at a CAGR of 4% between 2024 to 2034
North America is a prominent region that is estimated to hold a market share of 1% in 2034
Predominating market players include Atlas Copco, Briggs & Stratton, Caterpillar, Cummins, Inc., DuroMax Power Equipment, Ford Generators, Generac, Honda Power Equipment, Honeywell International Inc., Hyundai, John Deere, Kohler Co., Lincon, Toshiba Corporation, and Yamaha.
Electric under Type are estimated to grow at a CAGR of 8% creating an absolute $ opportunity of US$ 698.3 million between 2024 and 2034.
North America and East Asia are expected to create an absolute $ opportunity of US$ 2,925.8 million collectively
“Implementation of stringent environmental regulations, such as the Environmental Protection Act in the U.K. will drive the market” says a Fact.MR analyst.
Leading Players Driving Innovation in the Portable Inverter Generator Market:
Atlas Copco; Briggs & Stratton; Caterpillar; Cummins, Inc.; DuroMax Power Equipment; Ford Generators; Generac; Honda Power Equipment; Honeywell International Inc.; Hyundai; John Deere; Kohler Co.; Lincon; Toshiba Corporation; Yamaha; Other Prominent Players
Market Development:
Global portable inverter generator market key players are focusing on expansion activities, technological advancement, product innovations, strategic partnerships and collaborations, and regulatory compliances to acquire significant share in the industry.
For example, on May 2024, Italian company Trime has announced plans to introduce a selection of generators that run on diesel. With a power range of 6kVA to 670kVA, the new line comprises the newest diesel engines from manufacturers such as Yanmar, FPT Iveco, Perkins, and Kohler Stage V. The generators, which are available in single and three phase outputs, provide an extensive variety of power yields to accommodate an endless number of applications, according to the manufacturer.
Portable Inverter Generator Market Industry News:
On September 2024, BLUETTI launched a 62-pound portable power station with a power output of 2,400 watts, surge power of 3,600 watts, and a power capacity of 2,048 watt-hours.
On January 2022, Honda announced planned to begin sales of new EU32i portable generator equipped with a newly designed dedicated engine (with a maximum output of 3.2kVA). The company also revealed that sales would begin in the European region in March 2022, followed by expansion of sales to other regions globally.
Fact.MR, in its new offering, presents an unbiased analysis of the global portable inverter generator market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of the Type (Diesel, Gasoline, Propane, and Electric), Power Output (Up to 1 kW, 1 – 3 kW, 3 – 5 kW, and Above 5 kW), Use Case (Residential Power Backup, Commercial Backup, and Industrial Backup), Sales Channel (Electrical Equipment Retailers, Big Box Retailers, Company Online Channels, and eCommerce Website), across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
Segmentation of Portable inverter generator Industry Research:
By Power Grade :
Diesel
Gasoline
Propane
Electric
By Power Output :
Up to 1 kW
1 – 3 kW
3 – 5 kW
Above 5 kW
By Use Case :
Residential Power Backup
Commercial Backup
Industrial Backup
By Sales Channel :
Electrical Equipment Retailers
Big Box Retailers
Company Online Channels
eCommerce Website
Checkout More Related Studies Published by Fact.MR Research:
Generator Market: The global generator market is set to surpass a valuation of US$ 32,170.8 mn in 2022 and expected register at a CAGR of 5.5% to reach US$ 54,873.6 Mn by the end of 2032.
Portable Generators Market: The global portable power generator market is expected to be worth approximately $905.25 million by 2022. Adoption in commercial environments is expected to grow significantly, representing an opportunity worth US$50 million over the next decade.
Gas Generator Market: An electric generator is also known as genset, an alternative and consistent source that converts fuel into electrical energy. Gas generators are the most common type of generators, designed for maximum electrical power with high reliability, availability and low operating and service costs.
Large Generators Market: The global large generators market is projected to evolve at a CAGR of 5.3% over the decade, thereby increasing from its current value of US$ 4.16 billion to US$ 6.99 billion by the end of 2033.
Function Generators Market: The global function generators market is expected to hold a market value of US$ 1.53 Billion in 2022, against US$ 1.44 Billion in 2021, with a Y-o-Y growth rate of 6.25%.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Sales Team: sales@factmr.com Follow Us:LinkedIn | Twitter | Blog
Rockville, MD, Nov. 11, 2024 (GLOBE NEWSWIRE) — The global off-road motorcycle accessories market set for significant growth, projected to reach a valuation of US$ 2,020.1 million in 2024, according to a comprehensive study by Fact.MR. Over the forecast period of 2024 to 2034, the market expected to grow at a steady CAGR of 5.1%, driven by rising investments in road infrastructure and advancements in paving technology.
Off-road motorcycle accessories include special components and equipment designed to enhance performance, safety, and comfort for motorcycles used in off-road environments. These accessories range from protective gear like helmets, gloves, body armor, to performance parts such as systems of exhaust and suspension kits to other practical additions such as luggage systems and GPS trackers. Prepared for rough tracks and weather conditions, these accessories not only tend to make the riders’ lives easier but also safer on those difficult rides.
The growing popularity of off-road motorcycling, particularly in developed countries, is a strong driver for the demand of these accessories. The global off-road motorcycle accessories market is projected to reach US$ 3,322.0 million by the end of the forecast period in 2034. Over the next decade, the market is expected to grow 1.6X times, yielding an incremental dollar opportunity of US$ 1,301.9 million from 2024 to 2034.
The global off-road motorcycle accessories market is projected to grow at a CAGR of 5.1%, reaching US$ 3,322.0 million by 2034.
The market created an opportunity of US$ 1,301.9 million between 2024 and 2034.
East Asia is a prominent region, estimated to hold a market share of 23.9% in 2034.
Leading market players include Honda Motor Co., Ltd., KTM AG, Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Husqvarna Motorcycles, and Suzuki Motor Corporation.
Motocross Bikes, by motorcycle type, are expected to grow at a CAGR of 5.0%, creating an absolute dollar opportunity of US$ 410.5 million between 2024 and 2034.
“Strategic investments in innovative off-road motorcycle accessories, such as lightweight materials, improved safety features, and enhanced performance, will be crucial for gaining a competitive edge in the global off-road motorcycle accessories market. As the popularity of adventure and off-road biking grows worldwide, adopting sustainable production methods and cutting-edge designs will help manufacturers meet rising consumer expectations and regulatory standards,” says a Fact.MR analyst.”
Leading Players Driving Innovation in the Off-Road Motorcycle Accessories Market
Leading players in the global off-road motorcycle accessories market include Honda Motor Co., Ltd., KTM AG, Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Husqvarna Motorcycles, Suzuki Motor Corporation, GasGas Motorcycles, Beta Motorcycles USA, BMW Motorrad, Sherco Motorcycles, TM Racing, Cobra Moto, Ducati Motor Holding S.p.A., Royal Enfield, Other Prominent Players
Factors Contributing to Market Growth:
The global off-road motorcycle accessories market is experiencing significant growth, driven by rising demand for recreational activities and adventure sports. As more people embrace off-road biking, investments in high-quality accessories such as helmets, protective gear, and performance-enhancing components are on the rise. For instance, India’s motorcycle production increased 9.2% to 19.4 million units and sales grew 16.9% to 15.8 million units from year 2022 to 2023, leading to increased demand for accessories. Similarly, developing nations are key contributors to the market’s growth, with expanding off-road biking communities.
Market Development
The off-road motorcycle accessories market is seeing a strong focus on creating efficient, versatile, and rider-specific designs to meet the evolving demands of off-road enthusiasts.
Key players in the market are actively investing in research and development, forming partnerships with industry leaders, and exploring new market opportunities to stay competitive and cater to the growing adventure biking community.
Fact.MR, in its new offering, presents an unbiased analysis of the global off-road motorcycle accessories market, providing historical data from 2019 to 2023 and forecast statistics for 2024 to 2034.
The study offers essential insights based on Product Type (Performance Parts (Exhaust Systems, Engine Enhancements, Suspension Kits, Air Intake Systems, and ECU Tuning Devices), Protection Accessories (Skid Plates and Frame Guards, Handguards, Radiator Braces, Chain Guards and Covers, Footpeg Protectors, and Others), Rider Gear (Helmets and Goggles, Boots and Gloves, and Protective Clothing), Aesthetic Accessories (Graphic Kits and Decals, Custom Seats and Handlebars, Custom Footpegs and Levers), Smart Accessories (Action Camera & Mount, RFID Ignition Lock, GPS Tracker, Airbag Vest, Helmet Brake Light, Smart Motorcycle Gloves, and Others), Others), Motorcycle Type (Motocross Bikes, Enduro Bikes, Dual-Sport Bikes, Adventure Touring Bikes, Trials Bikes), and Sales Channel (OEM and Aftermarket (Online and Offline)) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East & Africa).
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Compact Wheel Loader Market: Size is set to reach a value of US$ 40.64 billion in 2024. Projections are that the market will expand at a CAGR of 5.1% to end up at US$ 66.83 billion by the year 2034.
Logging Trailer Market: Size is expected to grow at a compound annual growth rate (CAGR) of 4.4%, from US$ 535.6 million in 2024 to US$ 823.8 million by the end of 2034.
Automotive Turbocharger Market: Size is projected to touch a value of US$ 14.31 billion in 2024. The market has been forecasted to climb to US$ 29.77 billion by the end of 2034, expanding at a CAGR of 7.6% over the next decade.
Aerospace Filter Market: Size is expected to be valued at US$ 1.45 billion in 2024 and further expand at a CAGR of 4.3% to reach US$ 2.21 billion by the end of 2034.
Fixed Wing Drone Market: Size is estimated to reach US$ 8.3 billion in 2024 and has been forecasted to climb to a value of US$ 40.6 billion by the end of 2034, expanding at a CAGR of 17.2% between 2024 and 2034.
Automotive Tire Market: Size is projected to increase from a value of US$ 403.53 billion in 2024 to US$ 626.67 billion by the end of 2034. Worldwide sales of automobile tires have been projected to rise at 3.6% CAGR from 2024 to 2034.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
Contact: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Sales Team: sales@factmr.com Follow Us:LinkedIn | Twitter | Blog
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Nov. 11, 2024 (GLOBE NEWSWIRE) — The compact camera modules market (컴팩트 카메라 모듈 시장) was valued at US$ 40.3 billion by 2022. By 2031, the market is expected to expand at a CAGR of 11.7% and reach US$ 67.6 billion. Compact camera modules are preferred because of their small form factor, making them ideal for small, sleek electronic gadgets. The need for smaller camera modules is growing as consumer tastes move towards lighter and thinner devices.
Endoscopes and other diagnostic tools are among the medical gadgets that use compact camera modules. The market is growing due to the medical industry’s embrace of sophisticated imaging technology. The demand for compact camera modules is being driven by increased demand for smartphones and other electronic devices. Compact camera modules are becoming more accessible due to ongoing attempts to achieve economies of scale and lower production costs, which makes it easier for them to be integrated into a larger variety of consumer devices.
Compact camera modules are now included for features like advanced driver assistance systems (ADAS), lane departure warnings, and parking aids due to the car industry’s growing emphasis on security and driver assistance systems. The increasing acceptance of augmented and virtual reality applications has fueled the need for superior imaging solutions. Compact camera modules are essential to AR and VR technology, which fuels the market’s growth.
Global Compact Camera Module Market: Key Players Compact camera modules are subject to intense competition and fragmentation on a global scale. Leading players are launching enhanced module designs to increase research and development spending to meet demand.
According to the latest compact camera module market analysis, key players are diversifying their product portfolios through collaborations and partnerships.
LG Innotek
Semco
Foxconn Sharp
O-Film
Sunny Optical
Henkel
Liteon
Menex
Q-tech
Cowell
Key Findings of the Market Report
The market value of compact camera modules increases as smartphones and tablets become more prevalent
A growth in demand is expected for the auto-focus segment in the coming years.
The automotive sector will likely be a major driver of the demand for compact camera modules.
Smart cities are becoming increasingly popular in Asia, and advanced video cameras are being integrated for surveillance.
Global Compact Camera Module Market: Growth Drivers
The widespread use of smartphones has significantly fueled the need for small camera modules. Smartphones’ increasing popularity and functionality have led to a growing need for high-quality cameras built into these devices.
Manufacturers in response to consumer demand are making compact camera modules with more functionality, better performance in low light, and higher resolution.
Compact camera modules are becoming more complex and capable due to ongoing developments in camera sensor technology, image signal processing, and lens design. Better image quality, quicker autofocus, and improved overall performance are what manufacturers aim to provide.
Asia Pacific is likely to drive demand for the compact camera module market. Mobile phone sales in Asia-Pacific have contributed greatly to the smartphone market worldwide. India, China, South Korea, and Japan are big smartphone markets, so compact camera modules are in high demand. The growing demand for smartphones and other electronic gadgets drive compact camera module sales from the middle class’s development and growing urbanization in emerging markets.
Compact camera module sales have increased due to the growing middle class in nations like China and India, which has increased the number of consumers with the means to purchase smartphones and other electronics. A major center for the production of consumer electronics, such as digital cameras and smartphones, is the Asia-Pacific area.
Production facilities are located in nations such as South Korea and China for numerous top regional and international manufacturers of camera modules. The proliferation of small camera modules in automotive applications, like advanced driver assistance systems (ADAS), and the growing popularity of Internet of Things (IoT) devices are factors driving the market’s expansion in the area.
Key Developments
In January 2024, Samsung unveiled the Galaxy S23 lineup, which boasts three different models to meet a range of budgets and preferences. S23, S23 Plus, and S23 Ultra each continue Samsung’s legacy of flagships, but they differ subtly. The S23 Ultra has a unique camera module and built-in S Pen slot that set it apart from the rest of its range with its sleek glass and aluminum construction.
In December 2023, InfiRay, the leader in infrared thermal imaging, is preparing to display its technological revolution at CES in Las Vegas on January 9, 2024, with its latest masterpiece InfiRay P2 Pro.
Global Compact Camera Module Market: Segmentation By Lens Type
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Rockville, MD, Nov. 11, 2024 (GLOBE NEWSWIRE) — According to a new industry report by Fact.MR, a market research and competitive intelligence provider, the global biotechnology market is projected to reach a size of US$ 550.83 billion in 2024 and further touch US$ 2667.36 billion by the end of 2034.
The market for biotechnology is growing because of ongoing research and technological advancements, especially in the fields of synthetic biology, CRISPR gene editing, genomic sequencing, and others, which are improving their efficacy and accuracy. Due to advances in genome sequencing, scientists are now able to examine genetic data in great depth, driving crop attributes and detecting genetic abnormalities linked to diseases. More scientists are creating genetically modified organisms (GMOs) in agriculture and targeted medications in medicine because of CRISPR technology, which is enabling them to modify genes with unprecedented precision.
By combining ideas from engineering and biology, synthetic biology is assisting in the development of new biological systems and components. This is opening up new possibilities for the manufacturing of sustainable biofuels, biodegradable materials, and innovative pharmaceuticals.
Over the next ten years, the North American region is projected to lead in the market. North America’s established agricultural biotechnology is the key reason for its leading position. Further, the region’s well-organized framework for genetically modified organism (GMO) research, development, and commercialization is what driving the expansion of the agricultural biotechnology sector.
The global market for biotechnology is projected to expand at 09% CAGR from 2024 to 2034.
The market in East Asia is forecasted to expand at a high-value CAGR of 4% between 2024 to 2034.
The North American region is estimated to generate revenue worth US$ 231.68 billion in 2024.
By major market, the pharma and medical manufacturers and wholesalers segment is evaluated to rise at 18% CAGR through 2034.
Revenue from biotechnology in India is approximated to reach US$ 327.85 billion by 2034-end.
In the North American region, the United States is estimated to achieve a value of US$ 207.7 billion in 2024.
“To innovate and produce new biotech products, including genetically modified crops, biopesticides, bio-fertilizers, and others, prominent biotechnology firms are making significant investments in R&D operations,” says a Fact.MR analyst
Leading Players Driving Innovation in the Biotechnology Market:
Key industry participants like Johnson & Johnson; Roche; Pfizer; Novartis; Gilead Sciences; Amgen; Bristol Myers Squibb; Biogen; Regeneron Pharmaceuticals; Vertex Pharmaceuticals etc. are driving the biotechnology industry.
Human Health Technologies Segment Holds a Leading Position
The human health technologies segment accounts for a sizeable percentage of the market because of the increasing need for advanced and more effective medical solutions that improve patient outcomes and healthcare delivery. Recent developments in biotechnology are making it easier to create targeted therapies, biopharmaceuticals, and tailored medications. These treatments are considered to be more beneficial than traditional therapy for treating complex disorders. The increasing prevalence of chronic illnesses and the growing focus on preventative treatment are driving the constant increase in research and development activity in human health technologies.
Biotechnology Industry News:
October 2024: Northway Biotech opened the first Gene Therapy Center in the Baltic States in Vilnius, Lithuania, as part of the BIO CITY project, aimed at establishing a major biotechnology hub in Europe.
October 2024: Avenue Biosciences, a transatlantic biotech firm, secured a US$ 2.5 million seed investment for its advanced protein engineering technologies.
October 2023: Kite and Epicrispr Biotechnologies (a Gilead subsidiary) formed a research partnership to leverage gene regulatory technology for developing advanced cancer cell therapies.
Fact.MR, in its new offering, presents an unbiased analysis of the biotechnology market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product and service (human health technologies, industrial & environmental technologies, crop production & agricultural technologies, animal health technologies) and major market (pharma and medical manufacturers and wholesalers, public sector, resource industries, agriculture & food sector), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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Antimicrobial susceptibility test market is set to enjoy a valuation of US$ 3,285.8 Million in 2022 and further expand at a CAGR of 5.7% to reach US$ 5,712.2 Million by the end of 2032.
Soft tissue allografts market is valued at US$ 4.98 billion in 2023 and is expected to reach US$ 8.11 billion by 2033.
Radiation dermatitis treatment market is anticipated to reach a value of around $700 million by 2031, expanding at CAGR of 5% during the period of 2021-2031.
Microbiome therapeutics market size is estimated at US$ 112.20 Million in 2022 and is anticipated to grow at a CAGR of 32% from 2022 to 2032. The microbiome therapeutics market size is anticipated to reach US$ 1801.91 Million in 2032.
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Sales Team : sales@factmr.com Follow Us:LinkedIn | Twitter | Blog
Delray Beach, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) — The global Healthcare Analytics market growth forecasted to transform from USD 44.83 billion in 2024 to USD 133.19 billion by 2029, driven by a CAGR of 24.3%. The major factors accelerating the growth of healthcare analytics market include the government initiatives to promote EHR adoption, increased venture capital investment in analytics startups, and the adoption of advanced technologies. The HITECH Act (2009), the 21st Century Cures Act (2016), and the MyHealthEData Initiative (2018) have significantly increased EHR adoption in the United States, these systems are now used by more than 90% of outpatient clinics and 95% of hospitals. Moreover, venture capital investment in AI healthcare companies will reach USD 7.2 billion in 2023, accounting for 21% of total VC healthcare investments, with USD 2.8 billion already invested in 2024 and USD 11.1 billion projected for the year.
Based on Component, the healthcare analytics market is segmented into services and software. The services segment held the largest market share in the healthcare analytics market due to increasing need for advanced analytical methods and tools for patient monitoring and treatment outcome improvement. As patient loads and disease prevalence are increasing, massive amounts of clinical data are generated, leading to sophisticated solutions such as predictive analytics to manage and utilize this data efficiently. For instance, predictive analytics adoption rates are 66% in the United States and 79% in China. Thus, the rising demand for better patient care, cost-effective treatments, and better clinical outcomes has increased pressure on healthcare providers to implement comprehensive analytics solutions, driving the services segment’s growth.
Based on end user, the healthcare analytics market is segmented into payers, providers, pharmaceutical industry & supply chain. The provider segment dominated the healthcare analytics market due to numerous factors, such as the increasing prevalence of chronic diseases and the increasing need for improved patient care. For instance, chronic diseases are expected to account for 84% of global mortality by 2030, thus healthcare providers are increasingly using analytics to better manage and treat these conditions. Furthermore, the need to provide high-quality, cost-effective care propels providers to incorporate data analytics into their operations. Moreover, the dominance of this market segment is further enhanced by government initiatives requiring healthcare providers to maintain care standards and use resources efficiently.
Based on the region, the healthcare analytics market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The North American region dominated the healthcare analytics market because of its high healthcare spending, particularly in the US, where healthcare spending will reach 17.8% of GDP in 2021, nearly doubling the OECD average. This substantial investment has allowed healthcare providers and payers to implement advanced analytics solutions. Additionally, significant venture capital funding has fueled innovation, with USD 7.2 billion invested in AI healthcare companies in 2023 and USD 11.1 billion projected for 2024, resulting in rapid advancements in healthcare analytics technologies.
Emerging trends and technologies are poised to transform healthcare delivery and improve patient outcomes, profoundly influencing the future of healthcare analytics market. Additionally, AI-powered healthcare solutions enable personalized medicine, predictive analytics, and real-time monitoring via wearable devices and IoT sensors. These advancements allow for earlier disease detection and optimized care management, ultimately improving patient safety and satisfaction. Moreover, federated learning promotes collaborative machine learning while protecting patient privacy and encouraging data sharing between institutions. As stakeholders adopt these technological innovations, they will be able to provide proactive and equitable healthcare services to effectively address health disparities.
The Healthcare analytics market is dominated by key players. The major players operating in this market are, Merative (US), Optum, Inc. (US), SAS Institute Inc. (US), Oracle (US), Citiustech Inc (US), Inovalon (US), Mckesson Corporation (US), MedeAnalytics, Inc. (US), Cotiviti, Inc. (US), Exlservice Holdings, Inc. (US), Wipro (India), Apixio. (US), Komodo Health, Inc. (US), Health Catalyst (US), CVS Health (US), Veradigm (US), Enlitic (US), HealthEC LLC (US), IQVIA (US), Arcadia Solutions, LLC. (US), Evidation Health, Inc. (US), HealthCorum (US), Aetion, Inc. (US), Tredence Inc (US), Sisense Ltd. (US).
Optum, Inc.: Optum, Inc. a part of UnitedHealth Group, is one of the top providers in healthcare analytics solutions and services market. With more than 30 years of experience, the company offers analytics managed services to support healthcare organizations, physician practices, hospitals, health systems, and health plans, enabling them to make well-informed, data-driven decisions. Their multidisciplinary team of clinical, financial, actuarial, and operational professionals uses advanced data assets and analytics technology to help clients achieve their clinical, operational, and financial objectives. The company serves its solutions and services to more than 280 healthcare payers, 5,000 hospitals, and over 100,000 healthcare facilities in the US. The company prioritizes strategic partnerships and innovations in digital health solutions to improve patient care and lower costs, particularly in value-based care and population health management.
For instance, Optum has completed its USD 7.8 billion merger with Change Healthcare (US), allowing access to data from millions of healthcare transactions and enhancing its analytics capabilities across the US population. Moreover, according to the article published by Beckers Health IT, in May 2024, Optum has spent USD 31 billion on acquisitions in the last two years. By taking these strategic moves, Optum has strengthened its position for rapid growth and increased capacity to deliver better patient care and operational effectiveness throughout the US healthcare system.
Oracle: Oracle Corporation, a global technology leader, reported USD 53 billion in revenue for fiscal year 2024. To strengthen its healthcare presence, Oracle Health paid USD 28.4 billion for Cerner in June 2022, allowing it to integrate advanced analytics and artificial intelligence (AI) into electronic health records (EHR). Oracle Health extended its EHR contract with the Veterans Affairs (VA) until 2024 and announced new collaborations aimed at improving patient care and operational efficiency through cybersecurity and interoperability initiatives. Oracle’s Health Data Warehouse is the best healthcare analytics solution, with users reporting a 417% return on investment (ROI) over five years, assist to boost the growth of company in the healthcare sector.
Merative: Merative, formerly IBM Watson Health, is a healthcare data and analytics company acquired by Francisco Partners for more than USD 1 billion in 2022; serves over 4,500 clients in the healthcare and government sectors around the world and is focused on driving growth through partnerships and acquisition. Merative’s Truven healthcare data and analytics solutions backed by 40 years of experience, serves seven of the top US health plans and more than 40% of the Fortune 500, with a client retention rate exceeding 90%, this has helped the company to enhance its value proposition, drive growth, and solidify its position in the healthcare data and analytics market.
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In my previous post (The Post-Trump Victory Trade), I highlighted a half dozen stocks in which my subscribers and I had positions that had double digit gains the day after Trump’s election victory. In response, a commenter wrote, “Well, I didn’t like any of those trades, so I will stick to my Gold and Silver.”.
As it happened, the day after Trump’s victory, was also the day of the “Great Gold Puke“, as The Market Ear put it:
All good things…
….must come to an end. Gold is puking, putting in the biggest down candle in forever as it breaks below the short term trend channel. The 50 day comes in around $2635, and the bigger trend line around $2600.
Refinitiv
Why would gold tumble after Trump’s victory? Perhaps there’s a clue in the Trump campaign’s slogan, “Trump will fix it”. One of the things Trump will fix is the elevated geopolitical risk the world has seen over the last few years, starting with the Russia-Ukraine War, and extending to the wars in the Mideast between Israel and Hamas, and Israel and Iran, and tensions between China and Taiwan.
Geopolitical Risk Is Already Starting To Ebb
The geopolitical risk premium is a key factor influencing the price of precious metals like gold and silver, as they are traditionally seen as a haven during times of instability and war. Given that, note what has happened since Trump’s victory:
Russian President Vladimir Putin has congratulated Trump on his victory, praised Trump’s bravery during the first assassination attempt on him, and expressed an openness toward talks aimed at ending the Ukraine war. Peace between the U.S. and Russia would facilitate peace in the Mideast and elsewhere, given Russia’s ties to Iran, China, and other key countries.
If Trump succeeds in ending the wars in Eastern Europe and the Mideast, and calming tensions across the Taiwan Strait, that would further reduce gold’s geopolitical risk premium.
The Deflationary Potential Of Trump’s Domestic Policies
You’re probably thinking now that even if peace starts to break out, high inflation is baked into the cake because of government spending, and that should boost the price of gold. Consider, though, the deflationary potential of Trump’s proposed policies, and those of his close allies.
Trump’s tariffs. Critics of tariffs often point out that they are, effectively, a regressive tax on domestic consumers. This is actually true, and like all regressive taxes, they are deflationary. Just as throwing money and low income Americans boosted inflation during COVID, an effective regressive tax on them would cool inflation.
Trump’s deportations. Deporting millions of illegal aliens–or deporting a smaller number and prompting millions more to self-deport–will have a deflationary effect on sectors such as housing, as there will be fewer consumers competing for the same number of homes.
RFK, Jr.’s campaign against chronic disease. Every case of diabetes and other chronic diseases RFK, Jr. can prevent with changes to American food policy means a reduction of tens of thousands, if not hundreds of thousands of dollars in health care spending. That would cool healthcare inflation.
Elon Musk’s Department Of Government Efficiency. Elon Musk has spoken about slashing the number of federal employees (something Vivek Ramaswamy pointed out could be done while avoiding Civil Service regulations) and cutting government waste. That would be deflationary too.
Much Of This Is Likely To Happen
We all remember how Trump was stymied in his first term, but he is in a much stronger position now. He won a landslide victory, and is now the undisputed leader of the Republican Party. Plus, he has much smarter, and more competent people on his side now, such as Elon Musk. None of this is particularly good for gold and silver prices.
Taking My Own Counsel
On Thursday, I exited the two gold positions I had, in Olra Mining (ORLA) and IAMGOLD (IAG), as you can see below, in my list of trade exits for this week.
Stocks or Exchange Traded Products
Lantheus HoldingsLNTH. Bought at $94.84 on 8/16/2024; stopped out at $96.99 on 11/6/2024. Profit: 2.3%.
Orla Mining (ORLA 4.11%↑). Bought for an effective price of $2.90 on 11/17/2023 (I sold $5 strike puts on it for $2.10, and those puts exercised on 11/17/2023); sold for $4.60 on 11/7/2024. Profit: 59%.
Options
Call spread on Super Micro ComputerSMCI. Entered at a net debit of $0.33 on 11/4/2024; will expire worthless on 11/8/2024. Loss: 100%.
Calls on IAMGOLDIAG. Bought for $0.75 on 10/8/2024; sold (second half) for $1.15 on 11/7/2024. Profit: 53%.
Calls on Emergent BioSolutions EBS. Bought for $2.05 on 8/30/2024; sold for $4.10 on 11/7/2024. Profit: 100%.
Call spread on TG Therapeutics (TGTX 2.33%↑). Entered at net debit of $0.33 on 8/30/2024; exited at a net credit of $0.94 on 11/8/2024. Profit: 184%.
Call spread on TeslaTSLA. Entered at a net debit of $1.63 on 4/8/2024; exited at net credit of $4.74 on 11/8/2024. Profit: 191%.
Call spread on InnodataINOD. Entered at $0.33 on 8/13/2024; exited at $0.97 on 11/8/2024. Profit: 194%.
Call spread on Powell IndustriesPOWL. Entered at a net debit of $1.60 on 8/13/2024; exited at a net credit of $4.75 on 11/7/2024. Profit: 197%.
Calls on TravelzooTZOO. Bought at $1 on 7/23/2024; sold (half) at $8.30 on 11/6/2024. Profit: 730%.
The Post-Trump Victory Trade We’re Buying Now
Trump’s victory means China is going to have to stimulate its economy more aggressively (because it won’t be able to export as much to the U.S. with Trump’s tariff).
“Donald Trump’s second US presidency is likely to prompt aggressive China stimulus” – Devan Kaloo, global head of equities at abrdn https://t.co/hVPBus1Bde
That stimulus will boost companies doing business in China’s domestic market. One of those companies hit our top ten names last night, and my subscribers and I placed a trade on it today.
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Renowned economist Peter Schiff has issued a stark warning about the U.S. government establishing a BitcoinBTC/USD reserve, predicting that such a move would end in economic catastrophe.
What Happened: Schiff suggested on Monday on X that if the U.S. government began buying Bitcoin, it would have to continuously increase its holdings, driving the price so high that investors would cash out, triggering a market crash.
“If the U.S. government actually established a Bitcoin reserve and bought 1 million BTC, it might end up buying millions more,” Schiff tweeted.
The economist warned that to keep up appearances, the government would have to print more dollars to buy additional Bitcoin, which could spiral into hyperinflation and severely devalue the dollar.
Schiff further asserted that such a scenario would ultimately destroy both the dollar and Bitcoin. He argued that it’s “highly unlikely” a Bitcoin reserve will ever be established, especially as Bitcoin’s performance continues to trail that of gold, whose market cap has surged.
Schiff believes that with this process of dollar becoming worthless, U.S. can no longer keep buying Bitcoin and this would lead to Bitcoin destroying the dollar. However, the victory would be short-lived, as Bitcoin would be destroyed along with it.
Schiff argued that the narrative of Bitcoin overtaking gold seems even more unlikely now, given the significant growth in gold’s market cap compared to Bitcoin.
Wilmington, Delaware, United States, Transparency Market Research, Inc., Nov. 11, 2024 (GLOBE NEWSWIRE) — The spine surgery products industry (industri produk pembedahan tulang belakang) was valued at US$ 13.3 billion in 2022. A CAGR of 4.5% is forecast from 2023 to 2031, reaching US$ 20.0 billion at the end of 2031. Market growth in emerging markets can be driven by ongoing developments and improvements in healthcare infrastructure, which can broaden access to advanced spinal surgery products and procedures.
Spine surgery products must meet rigorous regulatory standards to ensure their safety and efficacy. Innovations are encouraged by regulatory approvals and support, which in turn propels market growth. Patients and healthcare professionals are becoming more knowledgeable about advanced spine surgery products and techniques.
Advanced diagnostics and genetic testing can inform surgeons on each patient’s most appropriate implant and treatment approach. Biotechnology and regenerative medicine research may result in innovative products promoting natural healing. A growth factor, stem cell, or other biological material could improve the outcome of spine surgery.
As remote surgery and telemedicine advance, surgeons can collaborate more closely, providing guidance and performing procedures remotely. Specialized care could become more accessible, particularly in areas with limited access to health care. Implants and models customized with 3D printing can aid preoperative planning. With this technology, implant fit can be improved, surgery time can be reduced, and patient outcomes can be improved.
Global Spine Surgery Products Market: Key Players
Global companies are expanding their product portfolios and acquiring strategic businesses to expand globally. Several investments are also being made in the latest advances in spine surgery instrumentation so that surgeons can provide customized products that will ensure effective treatment.
Leading market players also incorporate cutting-edge technologies into spinal surgery products, such as artificial intelligence.
DePuy Synthes
Stryker
Medtronic
Zimmer Biomet
Globus Medical
K2M
NuVasive
Aesculap Implant Systems, LLC (B. Braun Company)
RTI Surgical Inc.
Alphatec Holdings Inc.
Orthofix International N.V.
Key Findings of the Market Report
The emergence of minimally invasive surgical devices is expected to drive the market in the years to come.
In terms of the global landscape in 2022, North America dominated the market.
In terms of application, the spinal fusion segment is expected to drive demand for spine surgery products.
Based on end-user, the hospital segment is expected to create a market for spine surgery products.
Global Spine Surgery Products Market: Growth Drivers
Surgical techniques such as minimally invasive surgery, robotics, and navigation systems have improved the precision and safety of spine surgeries. These innovations benefit both surgeons and patients, contributing to the market’s growth. Lifestyle factors, sedentary habits, and sedentary behavior have increased as spinal disorders and conditions have become more widely known. As a result, spine surgery products and procedures will likely increase demand.
The global healthcare industry, including investments in medical devices and surgeries, is growing. Spine surgery products are becoming more popular due to increased financial commitment to healthcare infrastructure. Minimally invasive spine procedures are more popular than traditional open surgeries because they require shorter recovery periods, reduce pain, and are associated with fewer complications. Minimally invasive spine surgery trends have boosted the demand for the product.
Healthcare systems are focusing on quality outcomes and cost-effectiveness to improve patient outcomes. Manufacturers of spine surgery products need to provide long-term benefits that reflect these principles. As minimally invasive technology continues to evolve, less trauma, shorter recovery times, and fewer complications are likely to result.
The future will likely focus on refining and expanding minimally invasive approaches. Spine surgery products will likely be designed to focus more on comfort, patient preferences, and satisfaction as patient empowerment and involvement in healthcare decisions increase. Enhanced postoperative support and improved patient education could be part of this effort.
Global Spine Surgery Products Market: Regional Landscape
North America holds a substantial share and is expected to maintain its position during the forecast period. The spine surgery products market is expected to grow in the near future as the availability of minimally invasive surgery, robotic-assisted surgery, and 3D printing continues to advance. Spine surgery products are becoming more popular with the rise of herniated discs, degenerative disc disease, and spinal stenosis.
Stem cells and bone morphogenetic proteins (BMPs) are driving rapid changes in the market for implants and biologics. Medical industries, including the FDA, are subject to strict standards and regulations. Spine surgery products are subject to these standards and regulations.
Approximately 65 million Americans suffer from lower back pain each year, according to the National Center for Health Statistics. These figures are expected to increase with changing lifestyles and food consumption habits.
In January 2024, Aurora Spine Corporation, which designs and manufactures innovative medical devices to enhance spinal surgery outcomes, participated in the J.P. Morgan Healthcare Conference in San Francisco.
In January 2024, Alphatec Holdings, Inc., a provider of innovative spine surgery solutions, provided revenue guidance for 2024 and leaked fourth-quarter and full-year revenue results.
Global Spine Surgery Products Market: Segmentation
Liquid Biopsy Market – The global liquid biopsy market (pasaran biopsi cecair) is estimated to flourish at a CAGR of 8.8% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for liquid biopsy is estimated to reach US$ 7.7 billion by the end of 2031.
Medical Tubing Market – The medical tubing industry (industri tiub perubatan) was valued at US$ 9.8 billion in 2022. In 2031, the industry will reach US$ 19.7 billion, growing at a CAGR of 8.1% between 2023 and 2031.
Proliferative Diabetic Retinopathy Market – The global proliferative diabetic retinopathy market (pasaran retinopati diabetik proliferative) is estimated to grow at a CAGR of 8.5% from 2023 to 2031 and reach US$ 5.2 Billion by the end of 2031.
Extracorporeal CO2 Removal Market – The global extracorporeal co2 removal market (pasaran penyingkiran co2 extracorporeal) is expected to increase at a CAGR of 7.1% from 2023 to 2031 and reach US$ 153.3 Million by the end of 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
