Sound Recognition Market Worth $4.42 Billion By 2025

The global sound recognition market size is expected to reach USD 4.42 billion by 2025, exhibiting a CAGR of 75.8% over the forecast period, according to a new report published by Grand View Research, Inc. Sound recognition runs on inexpensive microcontrollers that result in a low bill of materials, thereby providing an economical solution. It is highly flexible since it can detect various sounds and allows users to add their sound event classifiers, thereby providing easy customization of sound event. Thus, high flexibility and low cost are expected to propel the market growth.

Sound recognition technology is used for various purposes, such as music recognition and speech recognition among others. Increasing adoption across applications such as for monitoring and surveillance system for automatic alarm detection and rising use in smart safety solutions are the factors expected to drive the market growth. Other factors, such as increasing adoption of advanced technologies including Artificial Intelligence (AI), machine learning, Internet of Things (IoT), and others, are anticipated to further drive the adoption of sound recognition in the forthcoming years.

The artificial intelligence-based sound recognition technology is expected to register a high CAGR over the forecast period. This is due to increasing involvement of market vendors in developing sound recognizing products integrated with intelligent technology to provide customers with ease and flexibility. In the application segment, the automotive section is expected to gain moderate traction. This is due to factors such as integration of sound recognition technology in autonomous cars to recognize sounds inside and outside the car and improve safety.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sound-recognition-market

Further key findings from the report suggest:

Increasing adoption of sound recognition technology for emergency vehicle detection condition monitoring and wear detection, amongst others are factors driving growth of the automotive segment
Benefits such as high efficiency due to edge processing and high control and awareness with the help of real-time analytics are driving the sound recognition market growth
Vendors in the Europe market are gaining a competitive edge in the market by receiving substantial investments from companies such as Cambridge Innovation Capital plc and IQ Capital for enhancing their exiting sound recognition technology
Wavio, OtoSense, abilisense, Reality AI, and Audio Analytic Ltd. are some of the key plyayers operating in the market

U.S. SMS Marketing Market Worth $12.6 Billion By 2025

The U.S. SMS marketing market size is expected to reach USD 12.6 billion by 2025, expanding at a CAGR of 20.3%, according to a study conducted by Grand View Research, Inc. Use of text messages for promotion and advertisement is gaining popularity owing to increasing number of mobile phone users in the country. U.S. is one of the leading country in terms of adoption of smart phones, aiding the marketers in reaching the target customer. Moreover, cost effectiveness and convenience of reaching the target is anticipated to propel the demand for text message marketing over the forecast period.

The use of Rich Communication Service (RCS) protocol is enhancing the text message system by allowing sending and receiving of high-resolution media files via messages. It allows marketers to make promotional messages more interactive and creative in order to attract customers. The advent of RCS, coupled with technologically advanced smartphones that support advanced messaging features is expected to drive the market growth.

Companies are largely focusing on improving customer relationships and engagement by providing special discounts and offers, tailor-made for customers. The use of SMS for sending such offers helps them to customize messages according to the individual customer. Thus, increasing competition has led to the increased usage of text messages, and the trend is expected to influence market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-sms-marketing-market

Further key findings from the study suggest:

SMS marketing market is gaining traction owing to the fact that it eliminates the use of paper used by other means of marketing
The SMEs segment is anticipated to record substantial growth from 2019 to 2025 owing to increasing use of text messages by small retailers and businesses to send promotional coupons and other offers
In an attempt to sustain competition, banks are introducing several services. The use of texts for marketing these services is expected to augment the growth of the BFSI segment over the forecast period
The U.S. SMS marketing market is characterized by intense competition with several players such as Infobip Ltd.; InMobi; Marketo; Amobee, Inc.; Chartboost; Slick Innovations, LLC.; and IBM Corporation offering similar solutions. Pricing and product differentiation is the key to sustain competition.

Electronic Lab Notebook Market Size Worth $768.2 Million By 2026

The global electronic lab notebook market size is expected to reach USD 768.2 million by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.8% during the forecast period. Increasing requirement for life science and pharma industries to comply with regulatory requirements has promoted the incorporation of Electronic Lab Notebook (ELN) as it helps simplify the lab process and reduce time.

Rising demand for automated laboratory process such as cloud based electronic lab notebook, ELN embedded with SDMS solutions and supportive government initiatives, are expected to propel the market over the forecast period. Asia Pacific is expected to exhibit lucrative growth over the forecast period owing to increasing demand of Contact Research Organizations (CROs). Moreover, reduced operational cost, remote access, real time data tracking are contributing to the rising demand.

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https://www.grandviewresearch.com/industry-analysis/electronic-lab-notebook-eln-market

Further key findings from the study suggest:

Increasing demand for automation in lab activities are anticipated to create growth opportunities in near future
Cross disciplinary accounted for the largest revenue share of the product segment in 2018, owing to its usage in multiple disciplines and other added advantages such as customized features and coordination across the domain
Web hosted/cloud based delivery mode held the largest share of electronic lab notebook market in 2018 owing to its real time data analysis, remote access, and reduced IT manpower
Proprietary held the largest revenue share of the license segment due to the increasing adoption in life science and pharmaceutical industries as compared to open source ELN
North America held the dominant market share in 2018, due to supportive government initiatives and presence of large number of industry players
Asia Pacific is anticipated to witness lucrative growth due to increase in number of CROs and untapped opportunities
Some of the key companies are Thermo Fisher Scientific, Inc.; Core Informatics;Arxspan, LLC; LabVantage Solutions, Inc.; Benchling, Inc.; LabLynx, Inc.; Agilent Technologies; Dassault Systemes SE; KineMatik Inc.; and Abbott Informatics

Advanced Bipolar Direct Energy Devices Market Worth $3.3 Billion By 2026

The global advanced bipolar direct energy devices market size is anticipated to reach USD 3.3 billion by 2026 registering a CAGR of 14.2%, according to a new report by Grand View Research, Inc. Increasing adoption of bipolar electrosurgical systems over conventional devices and high demand for laparoscopic surgeries are anticipated to boost the market growth.

These systems are mostly used to coagulate, cutting, fulguration, and desiccate soft tissues through generating heat by an electric current. The product demand has been increasing owing to its benefits in surgical procedures, such as lower risk of hemorrhaging than conventional devices that focus on scalpels. In addition, conventional equipment are costlier, which is also driving the demand for advanced bipolar direct energy systems for improved safety in desiccating soft tissues.

Technological advancements in the field are further expected to augment the market growth. For instance, XCELLANCE Medical Technologies launched a new 6-sense technology designed for cutting tissues at lower voltages by sensing voltage and power. This technology minimizes the patient recovery time and is a versatile tool for hemostatic dissection in performing surgical procedure.

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https://www.grandviewresearch.com/industry-analysis/advanced-bipolar-direct-energy-devices-market

Further key findings from the report suggest:

Electrosurgical generator systems led the global market in 2018. The segment is projected to expand further at the fastest CAGR from 2019 to 2026
Hospital was the dominant end use segment in 2018 owing to increased number of laparoscopic surgical procedures for tissue coagulation performed in these healthcare settings
North America led the global advanced bipolar direct energy devices market in 2018. However, Asia Pacific is estimated to be the fastest-growing regional market over the forecast period
Some of the key companies in this market are Bovie Medical Corp., Medtronic PLC, B. Braun Melsungen AG, XCELLANCE Medical Technologies Pvt. Ltd., Olympus Corp., and Karl Storz
These companies focus on technological advancements to gain competitive advantage. Medtronic launched Aquamantys bipolar sealers designed by transcollation technology, which combines Radiofrequency (RF) energy and saline to provide hemostatic sealing of soft tissues

Scleroderma Therapeutics Market Size Worth $2.6 Billion By 2026

The global scleroderma therapeutics market size is expected to reach over USD 2.6 billion by 2026 registering a CAGR of 6.0%, according to a new study by Grand View Research, Inc. The market growth is credited to the availability of various therapies used off-label, such as small molecule therapies including branded, generics, and OTC drugs.

The mix of several indications and drug classes engenders a fragmented market with multiple players. Roche is the dominant company with biologic immunosuppressants, Actemra/RoActemra, Cellcept, and Rituxan contributing majorly to the company’s share. Pfizer and Eli Lilly are the key companies in the market. Over the forecast period, new entrants including Boehringer Ingelheim, Corbus Pharmaceuticals, and Fibrocell will marginally displace the share of established firms in this market.

The on-label market is in the development phase. Supplemental indication approval is one of the most common strategies adopted by market participants. For example, riociguat by Bayer was previously used for PAH and currently, it is under clinical trials for the treatment of SSc-related digital ulcers. There are several other pharmaceutical companies following suit as this strategy favors the pharmaceutical industry in offsetting high development costs and in reaping larger benefits from one molecule already developed and present in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/scleroderma-therapeutics-market

Further key findings from the study suggest:

The immunosuppressants segment held the largest market share in 2018 and is likely to maintain the dominance throughout the forecast years
High preference for immunosuppressants owing to the favorable reimbursement scenario associated with this drug class supports its dominant market share
Systemic scleroderma indication segment accounted for the major market share and will expand further due to use of high-priced immunosuppressants
U.S. held the majority of the share in 2018. Expected label expansions and expected launch of first-in-class therapies coupled with an evolving reimbursement landscape for orphan drugs support continual scleroderma therapeutics market growth
Europe trails with a lower share as compared to the U.S. majorly due to higher use of generics and biosimilars for off-label treatment of scleroderma
Some of the key companies are F. Hoffman La-Roche Ltd.; Bristol-Myers Squibb Company; Celgene Corp.; arGentis Pharmaceuticals, LLC; Bayer AG; Boehringer Ingelheim International GmbH; Akashi Therapeutics; Prometic Life Sciences, Inc.; Emerald Health Pharmaceuticals; Kadmon Holdings, Inc.; Seattle Genetics, Inc.; Cytori Therapeutics, Inc.; Fibrocell Science, Inc.; Chemomab; Corbus Pharmaceuticals Holdings, Inc.; and Genkyotex SA

Oral Irrigator Market Size Worth $1.1 Billion By 2026

The global oral irrigator market size is expected to reach USD 1.1 billion by 2026, according to a new report by Grand View Research, Inc., registering a 3.4% CAGR during the forecast period. Introduction of technologically advanced dental care products and growing incidence of oral diseases, such as dental caries and periodontitis, are majorly driving the market.

Easy availability of oral irrigators for end users like dentists and consumers is one of the drivers of the global oral irrigator market. These are available through various online portals such as Amazon, eBay, and AliExpress, and medical stores.

Initiatives by various dental organizations and agencies, especially in developing countries such as India, are significantly impacting market growth. In India, agencies such as eDantSeva, National Tobacco Control Programme (NTCP) and National Institute of Cancer Prevention and Research (NICPR) conduct programs for increasing awareness regarding dental hygiene and habits, further propelling the market.

Oral irrigators are expensive as compared to traditional floss products, which is hampering oral irrigator market growth. Nonetheless, value benefits offered by manufacturers for the promotion of technologically advanced products, along with increasing pricing competition, is estimated to lower the impact of high costs and increase its popularity among consumers. This is likely to help shift individual preference from tradition flossing methods to using efficient oral irrigators.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/oral-irrigator-market

Further key findings from the report suggest:

Cordless product variants formed the leading segment owing to features such as safety, portability, and reasonably priced. The countertop segment is also likely to witness steady growth owing to convenience as they do not require charging like cordless devices
Product adoption for home use has been on a rise owing to increasing popularity of technologically advanced products and growing awareness regarding benefits of regular flossing and good dental hygiene
Increasing prevalence of teeth and gum disorders on a global scale, rise in population in developing economies, and increase in spending power of consumers are anticipated to majorly drive the oral irrigator market
Some of the key players in the market are Church & Dwight Co., Procter & Gamble, Jetpik, Aquapick, and Conair Corporation.

Digital Breast Tomosynthesis Market Size Worth $3.89 Billion By 2026

The global digital breast tomosynthesis market size is expected to reach USD 3.89 billion by 2026 registering a CAGR of 13.5%, according to a new report by Grand View Research, Inc. Rising awareness about the use of DBT, increasing prevalence of breast cancer, and introduction of technologically advanced products are the key driving factors for the market.

As per the Susan G Komen Breast Cancer Foundation Inc., in 2019, around 41,760 new cases of breast cancer will be reported. In addition, as per the data published in South African Journal of Radiology in 2018, breast cancer is one of the most common cancer type and is one of the leading causes of death in South Africa. Such factors are anticipated to drive the market over the forecast period.

Favorable reimbursement policies are also anticipated to boost the market growth. For instance, Brazilian Ministry of Health has given recommendations for tomosynthesis for the screening of breast cancer. Furthermore, several advantages of DBT are also expected to increase the product demand. For instance, as per the Breast Cancer Organization, after getting the U.S. Food and Drug Administration (FDA) approval, 3D breast tomosynthesis systems are witnessing higher demand than 2D systems.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-breast-tomosynthesis-market

Further key findings from the study suggest:

In terms of revenue, standalone 3D systems segment held the largest share in 2018 owing to high prevalence of breast cancer across the globe
Diagnostics centers segment is expected to witness the fastest CAGR over the forecast period owing to increasing awareness about DBT in both developed and developing countries
Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the introduction of technologically advanced products
Prominent companies in the global digital breast tomosynthesis market are Hologic, Inc.; GE Healthcare; Siemens Healthineers; Dexela Ltd.; and Fujifilm Corporation

Interleukin Inhibitors Market Worth $74.6 Billion By 2026

The global interleukin inhibitors market size is expected to reach USD 74.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 17.4% over the forecast period. This can be attributed to a strong pipeline with upcoming launches of late-stage pipeline drugs.

The therapeutic landscape in this market is becoming increasingly competitive, as drugs are compared in head-to-head trials to determine superiority in terms of safety, efficacy, and tolerance. For instance, UCB’s bimekizumab is currently under investigation in three such trials against Humira (trial name: BE SURE), Stelara (BE VIVID), and Cosentyx (BE RADIANT)-indicated for plaque psoriasis.

Furthermore, increasing investments on various clinical trials and strategic alliances between pharmaceutical companies and research organizations for development of novel molecules are few major contributors to interleukin inhibitors market growth. For instance, Genentech (F. Hoffmann-La Roche Ltd.) has collaborated with Massachusetts General Hospital for developing Actemra (tocilizumab) for the treatment of giant cell arteritis.

Rise in consumer awareness about various autoimmune diseases and their treatment options is anticipated to impel demand. For instance, Arthritis Ireland launched an awareness campaign for rheumatoid arthritis, educating the public about different treatment options and significance of early diagnosis. In addition, the European Federation of Crohn’s & Ulcerative Colitis Association offers various initiatives to create awareness among patients suffering from Inflammatory Bowel Disease (IBD).

Click the link below:
https://www.grandviewresearch.com/industry-analysis/interleukin-inhibitors-market

Further key findings from the report suggest:

Psoriatic arthritis and IBD are projected to register fastest growth through to 2026
IL-17 is likely to overtake IL-23 as the leading type by 2026
IL-5 inhibitors for asthma to witness strong growth in the near future
Asia Pacific is expected to exhibit the fastest regional growth
Despite the high price of IL-inhibitors, favorable reimbursement policies are likely to provide affordability and support market penetration

Flexible Printed Circuit Boards Market Size Worth $26.8 Billion By 2025

The global flexible printed circuit boards market size is projected to reach USD 26.8 billion by 2025, expanding at a CAGR of 11.2% over the forecast period, according to a study published by Grand View Research, Inc. Growing demand for compact and flexible electronic devices is the major factor driving demand for flexible Printed Circuit Boards (PCBs) worldwide. Regulated demand from the IT and telecom sector in view of growing need for circuits with higher data processing speed and higher working temperature is further augmenting the growth.

Flexible printed circuit boards (FPCBs) are thin and lightweight and can save up to 60% of the space and weight in comparison to rigid printed circuit boards. In addition, benefits offered in terms of durability and cost has further augmented their adoption across different end use industries. Demand for miniature, flexible electronics in automotive industry for use in advanced navigation displays and other automotive electronics has had positive impact on the demand.

Flexible PCBs are also used in medical equipment and health monitoring devices, such as pacemakers, defibrillators, neuro-stimulation, modulation devices, and external hearing devices. Benefits offered in terms of packaging flexibility and performance are expected to augment adoption of flexible printed circuit boards across multiple industry verticals. Companies are emphasizing on attaining advances in the fabrication technology and material substrates used to manufacture flexible PCBs. Various manufacturers offer tailored and/or dedicated flexible printed circuit boards as per the specifications led by the Original Equipment Manufacturers (OEMs).

The adoption of flexible printed circuit boards has surged over the last few years on account of growing awareness among OEMs regarding the superior benefits offered by flexible PCBs, in terms of weight, circuit complexity (elimination of mechanical connectors), wiring errors, and operating temperature range among others.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/flexible-printed-circuit-boards-fpcb-market

Further key findings from the study suggest:

The double-sided circuit segment held the largest flexible PCBs market share of approximately 45% in terms of revenue in 2018. This is due to the superior elasticity in terms shape restoration and greater efficiency offered by these circuits
The consumer electronics segment dominated the market in 2018 and is projected to expand at the fastest CAGR over the forecast period, owing to the rising popularity of wearables and proliferation of consumer electronics like laptops and smartphones among others
Asia Pacific is expected to account for the largest market share followed by North America during the forecast period. The regional growth is accredited to the huge consumer electronics market and high concentration of electronic manufacturers in countries, such as China, Japan, and South Korea
Key players operating in the flexible printed circuit boards market include AT&S, Benchmark Electronics, Cicor Management AG, Eltek Ltd, TTM Technologies, IEC Electronics, and Flex Ltd

LiDAR Services Market Size Worth $2.6 Billion By 2025

The global LiDAR services market size is expected to reach USD 2.6 billion by 2025, registering a CAGR of 14.5% from 2019 to 2025, according to a new study by Grand View Research, Inc. LiDAR services find prominent applications in the automotive industry. Further, favorable government policies regarding self-driven vehicles and advanced driver-assistance systems (ADAS) are fueling market growth.

The use of LiDAR services in autonomous vehicles is one of the major factors driving the market. Furthermore, increasing automobile production across developed and developing economies, along with the growing demand for technologically advanced electronic safety systems in vehicles, are the major factors positively impacting market growth. The implementation of stringent carbon emission norms are driving demand for next-generation technologies, such as advanced driving systems. This, in turn, is likely to drive demand for LiDAR services over the forecast period. Further, LiDAR sensors are also used for security, surveillance, and logistics in industrial automation. The extensive use of sensors in the automotive and industrial automation industry is anticipated to positively influence the market over the forecast period.

The market is anticipated to be driven by growing 3D imaging technology. The growing use of 3D imaging enabled devices, such as the robotic vision system, medical imaging device, and the 3D X-ray imaging device, are expected to boost the growth of the market. Besides, the implementation of LiDAR services in 3D imaging is expected to boost its demand in the healthcare industry.

North America held largest market share in 2018, followed by Asia Pacific and Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the benefits of the techonology in the automotive and industrial automation industry. Moreover, the rise in demand can be attributed to the growth in adoption of ADAS in autonomous cars in China, Japan, South Korea, and Singapore.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lidar-services-market

Further key findings from the report suggest:

The GIS service segment is estimated to gain high traction in the market. As this involves advanced terrestrial laser scanning systems for data acquisition in 3-dimensional point clouds
The modelling segment is further sub segmented as city modelling and others. The city modelling segment is expected to account for maximum share in the market
The significant adoption of LiDAR in Unmanned Aerial Vehicles (UAVs) has led to the growth of the market
Increasing adoption of LiDAR mapping across different applications namely corridor mapping delivers sustainable growth opportunities for market
Maintaining operational costs is a major focus area of the suppliers in the market. As availability of low-cost services in the market creates major concern for the prominent suppliers
The emergence of a considerable number of substitutes, such as HTC Corporation, and Sony Corporation, introducing low-cost automotive imaging LiDAR sensors, is expected to challenge market growth
The key participants in the LiDAR services market are namely Fugro; GeoDigital; Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; and Surdex Corporation.