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2022

Access our latest reports to meet all your market research needs.

Diabetic Neuropathy – Drug Pipeline Landscape, 2022

November, 2022

Diabetic neuropathy is a type of nerve damage that can occur in people with diabetes. High blood sugar levels can damage the nerves over time. This type of damage is called neuropathy. Diabetic neuropathy can affect different parts of the body, including the feet, legs, hands, and arms. It can also affect the digestive system, urinary system, blood vessels, and heart. Diabetic neuropathy is a serious complication of diabetes. It can lead to problems with the feet, legs, and hands. It can also lead to problems with the digestive system, urinary system, blood vessels, and heart.

Diabetic neuropathy can cause due to the high blood glucose levels, also called blood sugar, and high levels of fats, such as triglycerides, in the blood from diabetes can damage nerves. High blood glucose levels can also damage the small blood vessels that nourish nerves with oxygen and nutrients.

Symptoms of diabetic neuropathy includes loss of sensation in their feet, burning or shooting pain in their lower legs, muscle weakness or wasting, bladder problems such as incomplete bladder emptying, vision trouble such as double vision.

Doctors most often diagnose diabetic neuropathy by asking about symptoms and physical examination. The tests include filament test, sensory test, nerve conduction test, autonomic test, and electromyography.

The most common investigative treatments include anti-seizure drugs, antidepressants to ease pain. Symptoms can be eased through lifestyle changes and home remedies like physically active, follow diabetes meal plan, quit smoking, and limit alcoholic drinks to no more than one drink per day.

Report Highlights

Global Insight Service’s, Diabetic Neuropathy – Drug Pipeline Landscape, 2022 report provides an overview of the Diabetic Neuropathy pipeline drugs. This report covers detailed insights on Diabetic Neuropathy drugs under development, assessment by target, mechanism of action, route of administration and molecule type. Product pipeline by companies, stage of development and key regulatory designations, deals and milestones have been presented to provide insights and thus help industry participants in their decision making. Diabetic Neuropathy pipeline report helps gain insights on drugs which are under development stage of drug development process across globally.

Methodology

The research process includes extensive secondary research on public domain and other authentic sources to add or update the pipeline products information. The secondary research sources include, but are not limited to company websites, annual reports, financial reports, company pipeline chart, investor presentations and SEC filings, journals and conferences, and clinical trials registries.

Scope

The pipeline landscape report provides analysis of pipeline products based on several stages of development ranging from Discovery to Pre-Registration. The report provides a review of pipeline therapeutics by companies based on information derived from company and industry-specific sources. The pipeline report covers assessment of therapeutics by mechanism of action (MoA), drug target, route of administration (RoA) and molecule type. Comprehensive profiles of the pipeline products with details such as company overview, development stage; molecule type, target, mechanism of action, route of administration, dosage form, regulatory designations, key deals, clinical trials, and key upcoming milestones are included.

Reasons to Buy
    Helps to find and recognize significant therapeutics under development. Thorough understanding of pipeline structure and helps in developing corrective measures for pipeline projects.
    Effective R&D strategies can be developed with deep knowledge of competitor information, analysis, and insights.
    Plan collaborations with various industry partners that have role in some or the other stage of drug development such as contract manufacturing, co-development, contract research organization and commercialization etc.
    Helps to create in-licensing and out-licensing opportunities by identifying prospective partners with attractive projects to expand business potential and scope.
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Micro Surgical Robot Market

November, 2022

The global micro surgical robot market was valued at USD 1,280 million in 2021 and it is anticipated to grow further till USD 4,766.2 million by 2031, at a CAGR of 14.1% during the forecast period.

Robotic surgery, commonly referred to as robot-assisted surgery, enables medical professionals to carry out a variety of complex procedures with more accuracy, adaptability, and control than is possible with conventional methods. The most frequent association of robotic surgery is with minimally invasive procedures done through tiny incisions. It is occasionally used in classic open surgical procedures. Magnification, sophisticated diploscopes, specialized precision equipment, and a range of operating procedures are all used in the surgical specialty of microsurgery. These procedures are mostly used to coapt nerves and anastomose small blood vessels (veins and arteries).

Global Micro Surgical Robot Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 1,280 Million
Market Size in 2031US$ 4,766.2 Million
CAGR %14.1%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredApplication, End User, and Region
Key CompaniesStryker, Corindus Inc (Siemens Healthineers), Medtronic, Intuitive Surgical, Meerecompany, Smith & Nephew, Medrobotics corporation, Auris Health (Johnson & Johnson), Zimmer Biomet, Titan Medical, and TransEnterix Surgical among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

Compared to other surgical approaches, minimally invasive surgeries have a variety of benefits, including fewer complications from minor incisions, less discomfort and scarring, and shorter hospital stays. Robotic microsurgeries are low-risk procedures that can reduce surgical site infections. The robotic system’s micro instruments enable surgical involvement through a tiny incision, which is otherwise impossible with manual surgery. Additionally, the easy access to micro tools is encouraging other major manufacturers to enter the market for microsurgery robots.

Market Restraints and Challenges

However, as hospitals prioritise COVID-19 patients, there has been a decrease in the number of procedures conducted as a result of COVID-19. Due to its restricted applicability, this may temporarily reduce demand for microsurgery robots.

Global Micro Surgical Robot Market Segmental Overview

The report analyses the global micro surgical robot market based on the application, end user, and region.

Global Micro Surgical Robot Market by Application

Based on the application, it is segmented into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and others. The urology segment is anticipated to dominate the market during the forecast period. Due to the increasing prevalence of urological illnesses and the availability of microsurgery robots for the treatment of urology-related surgeries, the urology segment held the dominant position. The use of microsurgery robots in urological diseases has increased due to their ability to stop blood loss and shorten recovery times. The market demand will also be fueled by the high precision offered by microsurgery robots as well as improved patient outcomes due to the absence of tremors.

Global Micro Surgical Robot Market by End User

Based on the end user, it is segmented into hospitals & clinics, ambulatory surgical centers, research centers, and others. The hospitals & clinics is anticipated to dominate the market during the forecast period. The market will increase as a result of the availability of cutting-edge infrastructure and intensive medical care for the treatment of numerous chronic illnesses. Additionally, governmental hospitals and clinics are providing improved reimbursement policies for surgical treatments, which will further drive the market’s growth. Furthermore, the advancement of the industry is accelerated by the presence of qualified healthcare professionals in hospitals. The market demand will also be fueled by an increasing emphasis on performing procedures with more precision and providing greater comfort for doctors.

Geographical Analysis of the Global Micro Surgical Robot Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North America region is anticipated to dominate the market during the forecast period. Due to increased regional deployment of surgical robots and rising R&D funding for microsurgery robots. Six out of ten persons in the United States, according to the Centers for Disease Control and Prevention (CDC), suffer from chronic conditions. As a result, the American population will increasingly need microsurgery robots due to the rise in chronic diseases like cancer, heart disease, diabetes, and others. The growth of the regional industry will also be aided by the presence of well-known market players in North America that offer microsurgery robot devices for better patient access and care.

Major Players in the Global Micro Surgical Robot Market

The report analyses the major players such as Stryker, Corindus Inc (Siemens Healthineers), Medtronic, Intuitive Surgical, Meerecompany, Smith & Nephew, Medrobotics corporation, Auris Health (Johnson & Johnson), Zimmer Biomet, Titan Medical, and TransEnterix Surgical among others.

COVID-19 Impact

The COVID-19 epidemic has had a severe negative impact on society and the economy. Numerous organization’s supply chains and value chains have been impacted by the pandemic. The market for microsurgical robots is typical. On the basis of the entire industry, taking into account both the demand side and supply side viewpoints, the impact of the COVID-19 pandemic will be examined. The pandemic’s consequences would be researched and examined for both short- and long-term situations. This will help all industry participants, including suppliers, manufacturers, vendors, distributors, and end-users, to develop business strategies for the time during the pandemic as well as the time after the pandemic.

Recent Developments
  • April 2022, SS Innovations launched its SSI multi-arm revolutionary telerobotic assistance surgical system in India for US$0.54 to US$ 0.68 million (INR 40-50 million).
  • July 2020, Smith & Nephew announced the launch of hand-held robotic platform for knee replacement surgery. This strategy will assist the company in enhancing its product portfolio in the global industry.
  • March 2018, Stryker’s joint replacement division launched the next generation Trident II Acetabular System with the accuracy of Mako Robotic-Arm Assisted Surgery. This new product launch helped the company in expanding its product portfolio and enhanced its market share.
Frequently Asked Questions

Q1. How big is the Micro Surgical Robot market?

Ans. The global Micro Surgical Robot market size was USD 1,280 million in 2021 and it is anticipated to grow further till USD 4,766.2 million by 2031, at a CAGR of 14.1% from 2022 to 2031.

Q2. What is the Micro Surgical Robot market growth rate?

Ans. The growth rate of the Micro Surgical Robot market is 14.1%.

Q3. Which region holds a major market share for the Micro Surgical Robot market?

Ans. North America holds a major market share of the Micro Surgical Robot market in 2021.

Q4. Which segment accounted for the largest Micro Surgical Robot market share?

Ans. By end user, the hospitals segment accounted for the largest Micro Surgical Robot market share.

Q5. Who are the key players in the Micro Surgical Robot market?

Ans. The global Micro Surgical Robot market report includes players such as Stryker, Corindus Inc (Siemens Healthineers), Medtronic, Intuitive Surgical, Meerecompany, Smith & Nephew, Medrobotics corporation, Auris Health (Johnson & Johnson), Zimmer Biomet, Titan Medical, and TransEnterix Surgical among others.

Q6. What are the factors driving the Micro Surgical Robot market growth?

Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.

Q7. What are the key growth strategies of Micro Surgical Robot market players?

Ans. The key growth strategies of Micro Surgical Robot market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Micro Surgical Robot market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Micro Surgical Robot market during the forecast period.

 

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Soft Tissue Anchors Market

November, 2022

The global soft tissue anchors market was valued at USD 677.7 million in 2021 and it is anticipated to grow further till USD 1,228.1 million by 2031, at a CAGR of 6.1% during the forecast period.

Orthopedic surgery frequently makes use of soft tissue anchors. An orthopaedic injury may develop as a result of sudden trauma or constant mobility. The main causes of fractures and injuries to the bones are sports and strenuous physical activity.

Global Soft Tissue Anchors Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 677.7 Million
Market Size in 2031US$ 1,288.1 Million
CAGR %6.1%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredProduct, Material, Typing Type, End User, and Region
Key CompaniesSmith & Nephew plc, Zimmer Biomet Holdings, Inc., ConMed Corporation, Arthrex, Inc, Johnson and Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical Group N.V., Teknimed SA, MedShape, Inc., Anstem Medical, Groupe Lepine S.A., Neosys Surgical Solutions LTD and Biocomposites Ltd among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

The market for soft tissue anchors is expected to rise as more sports injuries require orthopedic treatment, such as rotator cuff surgery, torn ligament repairs, removal of loose bones or cartilages, etc. A common injury among sportsmen is shoulder dislocation, which, if not properly treated, can lead to irreversible damage. The most popular and least invasive method for treating shoulder dislocation is called arthroscopic bank art repair, which uses soft tissue anchors.

Market Restraints and Challenges

The high cost of surgeries coupled with unfavorable reimbursement scenario are hindering the growth of the market.

Global Soft Tissue Anchors Market Segmental Overview

The report analyses the global soft tissue anchors market based on the product, typing type, material, end user, and region.

Global Soft Tissue Anchors Market by Product

Based on product, it is segmented into absorbable soft tissue anchors and non-absorbable soft tissue anchors. The absorbable soft tissue anchors segment is anticipated to dominate the market during the forecast period. Soft tissue anchors are widely used in orthopedic surgeries. An orthopedic injury may occur owing to acurate trauma or repetitive motion of the body.

Global Soft Tissue Anchors Market by Typing Type

Based on typing type, it is segmented into knotless suture anchors and knotted suture anchors. The knotless suture anchors segment is anticipated to dominate the market during the forecast period. The increasing number of sports injuries and orthopedic surgeries is boosting the growth of the market.

Global Soft Tissue Anchors Market by Material

Based on the material, it is segmented into metallic suture anchor, bio-absorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The metallic suture anchor segment is anticipated to dominate the market during the forecast period. The increasing geriatric population is highly prone to various orthopedic conditions such as joint disorders, anterior cruciate ligament injuries, joint fusion, osteoarthritis, and others.

Global Soft Tissue Anchors Market by End User

Based on the end user, it is segmented into hospitals, clinics, emergency medical services, and other. The hospital segment is anticipated to dominate the market during the forecast period. Obesity and osteoporosis are two prevalent disorders whose incidence is rising. Obese patients are more prone to have specific orthopedic issues, which heighten the need for surgery.

Geographical Analysis of the Global Soft Tissue Anchors Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Suture anchor demand is expected to increase due to the rising prevalence and incidence of orthopaedic injuries in the world’s population. The worldwide suture anchor market is primarily driven by ongoing developments, technological improvements, declining healthcare costs, and the development of new suture anchor components. Additionally, growing investments in the creation of novel kinds of suture anchors offer an efficient choice for treating orthopedic injuries, which is fueling market expansion.

Major Players in the Global Soft Tissue Anchors Market

The key players studied in the global soft tissue anchors market are Smith & Nephew plc, Zimmer Biomet Holdings, Inc., ConMed Corporation, Arthrex, Inc, Johnson and Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical Group N.V., Teknimed SA, MedShape, Inc., Anstem Medical, Groupe Lepine S.A., Neosys Surgical Solutions LTD and Biocomposites Ltd among others.

COVID-19 Impact

Numerous COVID-19 patients, many of whom are in severe condition, have overrun most hospitals in Europe and the United States. The treatment of these individuals has forced medical professionals to put off less urgent surgeries. Furthermore, the supply chains for soft tissue anchors are being disrupted by governments’ strict lockdowns. The pandemic has presented hurdles for manufacturers, and their financial situation has been badly impacted. However, the market will resume steady expansion by the third quarter of 2020 thanks to partnerships with other sector titans and governmental bodies.

Recent Developments
  • August 2022, MedTech innovator and OurCrowd portfolio company Ossio launched its proprietary Suture Anchors for orthopedic surgery in the US.
  • June 2022, Anika Therapeutics Inc. has announced FDA 510(k) clearance of the X-Twist knotless fixation system for soft tissue repairs in the shoulder, foot and ankle and other extremities.
  • May 2022, Paragon 28 Expands soft tissue portfolio with Grappler suture anchor system launch. The Grappler Suture Anchor System provides surgeons with an alternative fixation option designed to limit implant migration and loss of tension for intraoperative tissue reattachment and fixation in the foot and ankle.
  • March 2022, Ossio announced today that it received the third FDA clearance for its OssioFiber product family.
Frequently Asked Questions

Q1. How big is the Soft Tissue Anchors market?

Ans. The global Soft Tissue Anchors market size was USD 677.7 million in 2021 and it is anticipated to grow further till USD 1,228.1 million by 2031, at a CAGR of 6.1% from 2022 to 2031.

Q2. What is the Soft Tissue Anchors market growth rate?

Ans. The growth rate of the Soft Tissue Anchors market is 6.1%.

Q3. Which region holds a major market share for the Soft Tissue Anchors market?

Ans. North America holds a major market share of the Soft Tissue Anchors market in 2021.

Q4. Which segment accounted for the largest Soft Tissue Anchors market share?

Ans. By end user, the hospitals segment accounted for the largest Soft Tissue Anchors market share.

Q5. Who are the key players in the Soft Tissue Anchors market?

Ans. The global Soft Tissue Anchors market report includes players such as Smith & Nephew plc, Zimmer Biomet Holdings, Inc., ConMed Corporation, Arthrex, Inc, Johnson and Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical Group N.V., Teknimed SA, MedShape, Inc., Anstem Medical, Groupe Lepine S.A., Neosys Surgical Solutions LTD and Biocomposites Ltd among others.

Q6. What are the factors driving the Soft Tissue Anchors market growth?

Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.

Q7. What are the key growth strategies of Soft Tissue Anchors market players?

Ans. The key growth strategies of Soft Tissue Anchors market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Soft Tissue Anchors market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Soft Tissue Anchors market during the forecast period.

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Automatic Pill Dispenser Market

November, 2022

The global automatic pill dispenser market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 6.3 Billion by 2031, at a CAGR of 10.6% during the forecast period.

An automatic pill dispenser is a device that stores and dispenses medication in pre-set doses. It is typically used by people who take multiple medications or who have difficulty remembering to take their medication. The dispenser is programmed to dispense the correct amount of medication at the correct time. It can be used with or without supervision.

Global Automatic Pill Dispenser Market Scope and Report Structure
Report Attribute Details
Market Size in 2021$2.3 bn
Market Size in 2031$6.3bn
Growth Rate (2021-31)10.6%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredProduct, End-user, and Region
Key CompaniesBaxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc. and Yuyama Co., Ltd.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

Recent technological advances in automatic pill dispensers are expected to drive the industry in the near future. The introduction of automatic pill dispensers connected with barcode scanning allows for precise medicine delivery while also preventing the loading of incorrect medication and providing additional safety precautions for high-risk pharmaceuticals. The bluetooth connectivity enables customers to connect these gadgets to any compatible device, including phones, to receive visual and audible notifications, so favourably pushing industrial expansion. These gadgets now come with a digital detachable timer, which is ideal for people with memory or cognitive problems who require frequent reminders to take medications. As a result of the introduction of unique devices that allow users to select the schedules to dispense numerous medications at the needed times, the industry demand is expanding dramatically.

Market Restraints and Challenges

Stringent government rules and errors caused by automatic pill dispensers may have a detrimental impact on industry growth. A programming error in automatic pill dispensers may result in lower patient satisfaction and a growing distrust of healthcare facilities. Incorrect programming of clever pumps and IVs is a major worry for chronic disease patients and can have serious consequences for their overall health. The FDA monitors the approval and use of this device because of the significant risk associated with its use in chronically sick patients. These devices are designated as class I devices, which require reasonable assurance of the device’s safety and effectiveness.

Global Automatic Pill Dispenser Market Segmental Overview

The report analyses the global Automatic Pill Dispenser market based on product, end-user, and region

Global Automatic Pill Dispenser Market by Product

Based on product, the market is segmented as Centralized Automated Dispenser, and Decentralized Automated Dispenser. Among them centralized automated dispenser segment in the Automatic Pill Dispenser market is projected to witness significant growth rate through 2031. This is due to the several benefits comprising optimize medication storage, improves staff productivity, and reduce medication errors among others. Centralized automatic systems have a user in direct control of the dispensing method. A robotic centralized automatic dispenser organizes a large number of drugs without the need for any human intervention, enhances pharmaceutical operations, and provides security, thereby decreases chances of error or medicine theft considerably.

Furthermore, as compared to manual processes, these systems can fill over 1,000 prescriptions per hour, greatly reducing patient waiting time and contributing to improved patient satisfaction. This can considerably prevent cross contamination and infection caused by improperly handled prescription medicines or germ exposure. As a result, the centralised automatic dispenser’s capabilities, as well as continual innovation and improvement in this device, are expected to considerably fuel the automatic pill dispenser market expansion over the forecast period.

Global Automatic Pill Dispenser Market by End-user

Based on end-user, the market is segmented as hospitals, pharmacies, senior care, and others. The hospital segment held substantial market share in 2021 and is anticipated to witness notable growth to reach highest market share and CAGR by 2031. An automatic pill dispenser in a hospital provides a medication management system that maintains drugs neatly organised and secure, driving the industry size. These systems can manage each user’s access to stored drugs based on individual permissions and automatically document and trace all transactions. The computerised automatic pill dispenser used in hospitals is an advanced system for full drug dispensing process management that eliminates human mistake, subtracts the drug from the central inventory in real-time, and updates clinical case records.

Geographical Analysis of Global Automatic Pill Dispenser Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America held significant market share in 2021. This is due to the variety of variables such as an ageing population and an increase in the prevalence of chronic diseases. In 2019, the number of adults aged 45-64 in the United States climbed to 83.3 million. According to the American Heart Association, over 43.7 million persons aged 60 and up had one or more forms of cardiovascular illnesses in 2016. This figure reflects the increasing number of patients admitted to hospitals and the increasing strain on the old pharmaceutical system, consequently raising the regional industry growth.

Major Players in the Global Automatic Pill Dispenser Market

The key players in the market Baxter International Inc.BectonDickinson and CompanyCerner CorporationCapsa HealthcareMcKesson CorporationOmnicell Inc.ScriptPro LLCSwisslog Holdings AGTalyst, Inc. and Yuyama Co., Ltd. among others.

COVID-19 Impact

The COVID-19 was an unusual public health concern that caused financial difficulties, social disturbance, and had a substantial impact on the worldwide economy. This pandemic has both indirect and direct negative effects on the automatic pill dispenser business in 2020. The coronavirus outbreak required substantial adjustments in the healthcare business, hampered medical personnel’ regular operations, and limited hospital admissions. Non-emergent hospital appointments for various disease treatments were referred to as such. Because the majority of outpatient visits were deemed voluntary, it was recommended that all non-urgent visits be cancelled, considering the risk of transmission. The outbreak of coronavirus had caused an interruption in logistics & supply chain and forced the government bodies to implement travel limitations that restricted the movement of goods, thereby obstructing the industry growth.

Recent Developments
  • In December 2021, Hero and AdhereHealth entered a strategic partnership. Hero’s platform includes a connected smart pill dispenser, which automatically sorts and dispenses medications according to a patient’s unique medication schedule. This partnership has led to simultaneously improving patient safety by focusing on medication management, further supporting caregivers, and helping people take more control of their health.
  • In July 2021, Big Sky Labs has raised $1 million in seed funding to develop a device to dispense medications and provide other home health services such as wellness checks and health monitoring. The device, called PillPez, dispenses medications at specified times during the day from pre-loaded medication strips available from most pharmacies. If an individual does not take the drugs, PillPez provides an escalating set of reminders, including to caregivers or family.
  • In March 2021, Accelmed Partners announced that it led a $40 million investment in MedMinder Systems Inc., to further expand the Companys geographic footprint, integrate new telemedicine technologies, and serve a larger U.S. customer base.”
  • In December 2020, Capsa Healthcare announced a significant development in its NexsysADC product line, the addition of new auxiliary cabinets of up to 10 tiers that will help to expand storage and supplies of medication doses significantly.
Frequently Asked Questions

Q1. How big is the Automatic Pill Dispenser market?

Ans. The global automatic pill dispenser market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 6.3 Billion by 2031, at a CAGR of 10.6% during the forecast period.

Q2. What is the automatic pill dispenser market growth rate?

Ans. The growth rate of the automatic pill dispenser market is 10.6%.

Q3. Which region holds a major automatic pill dispenser market share for the market?

Ans. North America holds a major market share of the automatic pill dispenser market in 2021.

Q4. Which segment accounted for the largest automatic pill dispenser market share?

Ans. By application the home healthcare segment accounted for the largest automatic pill dispenser market share.

Q5. Who are the key players in the automatic pill dispenser market?

Ans. The global automatic pill dispenser market report includes players such as Baxter International Inc.BectonDickinson and CompanyCerner CorporationCapsa HealthcareMcKesson CorporationOmnicell Inc.ScriptPro LLCSwisslog Holdings AGTalyst, Inc. and Yuyama Co., Ltd. among others.

Q6. What are the factors driving the automatic pill dispenser market growth?

Ans. The major factors driving the growth of the market are advantages offered by automatic pill dispensers along with rise in geriatric population.

Q7. What are the key growth strategies of automatic pill dispenser market players?

Ans. The key growth strategies of automatic pill dispenser market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the automatic pill dispenser market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the automatic pill dispenser market during the forecast period.

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Latest Analyst Insights

Premium A2P messaging is a way for businesses to send messages to their customers that are more than 160 characters in length. These messages can include things like appointment reminders, marketing messages, or customer service notifications.

Tata Communications Ltd

Formerly known as Videsh Sanchar Nigam Limited, Tata Communications Limited is an Indian telecom business (VSNL). The Department of Telecommunications, Ministry of Communications, Government of India, owned it while it was a government-owned supplier of communications services. When Atal Bihari Vajpayee, the Bharatiya Janta Party, and the National Democratic Alliance were in power, it was sold to the Tata Group by the Department of Telecommunications, Ministry of Communications, and Government of India. Currently, the business is a member of the Tata Group.

In January 2016, Windstream Communications declared it would expand its 100 Gigabit Ethernet (100G) network from Ashburn, Virginia’s internet hub to the location of New Jersey data centre operator NJFX at Tata’s Cable Landing Station (CLS) in Wall Township, New Jersey.

Route Mobile

An Indian startup called Route Mobile provides cloud communications platform as a service (CPaaS). It was earlier known as Routesms Solutions Ltd. With its headquarters in Mumbai and more than 15 offices around Asia-Pacific, the Middle East, Africa, Europe, and North America, the company was founded in 2004. The business was the second-fastest-growing Indian firm in the United Kingdom in 2019 and was recognised as one of the Fastest Growing Companies in the Technology and Telecom Sector.

Route Mobile was founded in Mumbai in May 2004 to provide as a cloud communications platform for mobile network operators and over-the-top (OTT) services (MNO). Call 2 Connect, an ITES provider with headquarters in India, was purchased by Route Mobile in May 2017.

Syniverse

A US-based provider of communications services is called Syniverse. GTE Telecommunications Services Inc., a GTE corporate entity, launched it in 1987. The company has regional offices in Costa Rica, Argentina, Dubai, Luxembourg, and Hong Kong in addition to its worldwide headquarters in Tampa, Florida. On August 17, 2021, Syniverse and M3-Brigade Acquisition II Corp. reached an agreement to merge. After the transaction is finished, Syniverse will start trading on the NYSE. The merged business is worth $2.8 billion after the transaction.

Approximately 235 of Syniverse’s clients were impacted by a compromise of its Electronic Data Transfer (EDT) systems, the company reported to the U.S. Securities and Exchange Commission on September 27, 2021.

AT&T

AT&T Inc. is an American multinational telecommunications holding company that is Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the third largest supplier of mobile telephone services in the United States and the largest telecoms corporation in the world by revenue. With $168.8 billion in revenue as of 2022, AT&T was the thirteenth-largest American firm according to the Fortune 500 list.

The separation of WarnerMedia and subsequent merger with Discovery, Inc. to establish Warner Bros. Discovery were completed on April 8, 2022. HBO Max and other video services were removed from AT&T’s unlimited plan as a result of this merger.

CLX Communications (Sinch AB)

Sinch, originally CLX Communications, is a cloud communications platform as a service (PaaS) provider for the telecoms industry. In addition to having offices in more than 30 locations across the world, including Atlanta, London, Madrid, San Francisco, Singapore, and Sydney, Sinch has its headquarters in Stockholm, Sweden.

In order to “enable brand marketers with the next generation of messaging services using Rich Communications Services (RCS) standard embedded directly into customers’ native messaging apps,” CLX and Google entered into a strategic agreement in 2017. As a participant in Google’s Early Access Program (EAP), CLX will make it possible for businesses to develop using RCS and be among the first to provide an improved messaging experience. Unwire Communication ApS[21], a Danish business, was up for sale to CLX in a formal agreement in March 2018. The asking price was DKK 148 million.  When all is done, CLX will surpass all other CPaaS vendors in the Nordic region.  They revealed that they had paid $8 million to acquire Seattle-based startup Vehicle the next month.

The separation of WarnerMedia and subsequent merger with Discovery, Inc. to establish Warner Bros. Discovery were completed on April 8, 2022. HBO Max and other video services were removed from AT&T’s unlimited plan as a result of this merger.

TWILIO INC.

Using its web service APIs, Twilio, an American business with headquarters in San Francisco, California, offers programmable communication tools for placing and receiving phone calls, sending and receiving text messages, and carrying out other communication tasks.

On August 4, 2022, a phishing SMS campaign that targeted Twilio’s staff allowed an unidentified attacker access to the company’s internal network. Three days later, Twilio acknowledged the incident and made it clear that “a limited number” of customer accounts were impacted. Signal revealed on August 15 that it had been impacted by the incident, indicating that at least part of the 125 affected customers were enterprise accounts.

Mahindra Comviva

Comviva, originally Mahindra Comviva, is a communications firm with its main headquarters in Gurgaon, Haryana, as well as locations in Bangalore and Mumbai. Additional locations for it include Johannesburg, Kenya, Abidjan, Nigeria, Dubai, Sri Lanka, Bangladesh, Australia, the Netherlands, the United Kingdom, Brazil, Colombia, Argentina, and the United States.

In 2018, YABX, a digital lending platform, and Factoreal, a platform for enterprise marketing automation, were both released. Mahindra Comviva was rebranded once more as Comviva in 2019. (a Tech Mahindra company). In 2019, Comviva was added to the company’s name.

SAP SE

German multinational software provider SAP SE is headquartered in Walldorf, Baden-Württemberg. To handle client relationships and business processes, it creates enterprise software. The business is the top vendor of enterprise resource planning (ERP) software in the entire world. SAP is the second-biggest German company in terms of market capitalization, the third-largest publicly traded software firm in the world by revenue, and the largest non-American software company by revenue.

A international software corporation with its headquarters in Walldorf, Baden-Württemberg, is called SAP SE. To manage business operations and customer relationships, it creates enterprise software. The business is the biggest provider of enterprise resource planning (ERP) tools worldwide. The third-biggest publicly traded software corporation in the world by revenue, SAP is also the second-largest German firm in terms of market capitalization and the largest non-American software company by revenue. The establishment of the joint venture SAP Fioneer, a special Financial Services Industry (FSI) Unit between SAP and investment firm Dediq GmbH, was announced by SAP on April 13, 2021.

Infobip

A Croatian IT and telecoms company is called Infobip. It manages a full-stack Communications Platform as a Service (CPaaS), complete with zero-hop access to telecommunications around the world and private cloud infrastructure. A2P SMS messaging, A2P audio, A2P RCS, app alerts, email, chat app messaging, and carrier billing are among the services offered. It benefits mobile network operators as well as businesses, particularly banks, social networks, and corporations, as well as nonprofits and government agencies.

As of May 2022, Infobip Solutions will allow Oracle Advertising and Customer Experience customers to orchestrate consumer contact tools utilising Oracle Digital Assistant. The company also announced that it is now available on the Oracle cloud marketplace. Infobip purchased VoIP service provider Peerless Network in July 2022.

Vodafone.

British multinational telecoms firm Vodafone Group Plc. Newbury, Berkshire, England serves as both the company’s registered address and global headquarters. Services are primarily provided in Asia, Africa, Europe, and Oceania. Vodafone owns and runs networks in 22 countries as of November 2020, and it has partner networks in an additional 48 nations. In 150 nations, its Vodafone Global Enterprise segment offers business clients telephony and IT services.

Following a phase of global expansion that started in 1999, Vodafone entered a phase of retrenchment and operational simplicity in the 2010s. While it has partner agreements with local network providers in various continents and nations, its operating firms are located in Europe, Africa, India, and Turkey. Vodafone said in January 2020 that it had left Diem Association, the oversight body for the Facebook-founded global digital currency programme (at the time known as Libra Association).

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A virtual machine is a computer that runs on another computer. The computer that the virtual machine runs on is called the host, and the computer that the virtual machine emulates is called the guest.

Virtual machines are used to run different operating systems on the same computer. For example, you could have a virtual machine running Windows on a computer that is running Linux. Virtual machines are also used to run different versions of the same operating system. For example, you could have a virtual machine running Windows XP on a computer that is running Windows 7.

Microsoft Corporation

Microsoft Corporation is a multinational technology company with headquarters in Redmond, Washington, in the United States. It creates computer software, consumer electronics, personal computers, and related services. The Windows range of operating systems, the Microsoft Office package, and the Internet Explorer and Edge web browsers are some of its best-known software offerings. The Xbox video gaming consoles and the Microsoft Surface range of touchscreen personal PCs are its two main hardware offerings. Microsoft was the largest software maker in the world by revenue as of 2016, and it was rated No. 21 in the 2020 Fortune 500 rankings of the largest American firms by total revenue. Along with Google, Amazon, Apple, and Meta, it is one of the Big Five American technological firms.

End-to-end encryption (E2EE) capability for Microsoft Teams calls was announced by Microsoft in October 2021 in order to safeguard business communication when utilizing video conferencing software. Activision Blizzard, an American video game developer, and holding corporation, was acquired by Microsoft in an all-cash deal valued at $68.7 billion on January 18, 2022.

Amazon Web Services, Inc.

AWS is an Amazon company that offers governments, businesses, and people access to on-demand cloud computing platforms and APIs on a metered pay-per-use basis. Through AWS server farms, these cloud computing web services offer software tools and distributed computer processing capacity. One of these services is Amazon Elastic Compute Cloud (EC2), which enables users to have a virtual computer cluster at their disposal that is constantly accessible via the Internet. The majority of a real computer’s features, such as hardware central processing units (CPUs) and graphics processing units (GPUs) for processing, local/RAM memory, hard-disk/SSD storage, a choice of operating systems, networking, and pre-loaded application software including web servers, databases, and customer relationship management, are all emulated by AWS’s virtual computers (CRM).

It was revealed in October 2021 that several UK government agencies and intelligence organisations, including GCHQ, MI5, MI6, and the Ministry of Defence, have hired AWS to hold their sensitive data.

In recent years, a number of financial industry companies, including Jeffries, Bloomberg, Tradeweb, BBVA, and Itiviti, have switched to AWS.

Google

Search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics are the main areas of interest for Google LLC, an American multinational technology firm. Due to its market dominance, data collection, and technological advantages in the field of artificial intelligence, it has been referred to as the “most powerful firm in the world” and one of the most valuable brands in the world. Along with Amazon, Apple, Microsoft, Meta, and Meta, it is regarded as one of the Big Five American technological corporations.

Google announced in May 2022 that it had purchased the California-based startup Raxium, which developed and produced MicroLED display technology. Raxium will work with Google’s Devices and Services team to further monolithic integration, system integration, and micro-optics.

IBM Corporation

With operations in more than 171 nations, the International Business Machines Corporation (IBM) is an American multinational technology company with its headquarters in Armonk, New York. Charles Ranlett Flint, a trust businessman, formed the Computing-Tabulating-Recording Company (CTR) in Endicott, New York, in 1911. In 1924, the name was changed to “International Business Machines.” Incorporated in New York is IBM. With more than 282,100 employees as of 2022, IBM, one of the 30 corporations that make up the Dow Jones Industrial Average, is among the top employers worldwide.

The Managed Infrastructure Services segment of IBM’s Global Technology Services division will be sold to a new public company, the firm said in an announcement in October 2020.

Oracle Corporation

The Austin, Texas-based Oracle Corporation is a multinational American company that specialises in computer technology. According to sales and market capitalization, Oracle was the third-largest software firm in the world in 2020. The company sells enterprise software products like enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software, as well as database software and technology (especially under its own brands).

A class action complaint was filed against Oracle on August 23, 2022, alleging that Oracle had been running a “surveillance machine” that tracked the personal data of hundreds of millions of people in real-time and stored it indefinitely.

Alibaba Group

Chinese multinational technology corporation Alibaba Group Holding Limited, better known as Alibaba, specialises in e-commerce, retail, the Internet, and technology. The company, which was established on June 28, 1999, in Hangzhou, Zhejiang, offers electronic payment services, shopping search engines, and cloud computing services in addition to consumer-to-consumer, business-to-business, and consumer-to-business sales services via web portals. It manages a diversified portfolio of businesses in many different industries around the world.

On November 11, 2021, it was revealed that during its 11-day Singles’ Day sales fiesta, Alibaba Group Holding, the largest e-commerce company in China, received orders totaling a record 540.3 billion yuan (S$114.4 billion), a 14% rise from the previous year.

Alibaba was added by the SEC to a list of businesses that risk being delisted from American stock exchanges in July 2022 if its auditors are unable to review Alibaba’s accounts before 2024.

Hewlett Packard Enterprise

The Hewlett Packard Enterprise Company (HPE) is a global American information technology business with headquarters in Spring, Texas. On November 1, 2015, HPE was established in Palo Alto, California, as a result of the division of the Hewlett-Packard corporation. [2] It is a company with a business-oriented focus that works in networking, servers, storage, containerization software, consulting, and support.

The division was planned so that HP Inc., the previous Hewlett-Packard Company, would take that name and spin out HP Enterprise as a separate business. Enterprise trades under its own ticker symbol: HPE; HP Inc. has kept the old HP’s personal computer and printing business, as well as its stock price history and original NYSE ticker symbol for Hewlett-Packard. In order to create DXC Technology, HPE broke off its Enterprise Services division and combined it with Computer Sciences Corporation. Additionally in 2017, it split off and amalgamated with Micro Focus’ software business division.

Citrix

Providing server, application, and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies, Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology firm. Over 400,000 customers worldwide, including 99% of the Fortune 100 and 98% of the Fortune 500, are said to be using Citrix solutions.

Citrix spun out the GoTo product line into a separate company called GetGo in 2016 as part of a US$1.8 billion product deal with LogMeIn. Citrix finalized the integration of GetGo and LogMeIn’s products in 2017. The corporate headquarters of Citrix are located in Fort Lauderdale, Florida, and there are more development facilities in Canada, Denmark, Germany, India, the United Kingdom, and California and Massachusetts. Citrix had 9,700 employees and $3.2 billion in revenue in 2021.

Huawei Technologies

A worldwide technology company with its headquarters in Shenzhen, Guangdong, China is called Huawei Technologies Co., Ltd. It creates, develops, manufactures, and markets consumer electronics, telecommunications equipment, and various smart gadgets. Ren Zhengfei, a former deputy regimental head in the People’s Liberation Army, started the company in 1987. Huawei’s business has grown from its initial focus on producing phone switches to include the construction of telecommunications networks, the provision of operational and consulting services and equipment to businesses both inside and outside of China, as well as the production of communications products for the consumer market. As of December 2019, Huawei employed more than 194,000 people. To strengthen its ties with the Biden administration, Huawei reportedly hired Tony Podesta as a consultant and lobbyist on July 23, 2021.

Parallels Inc.

Specifically for web hosting firms and application service providers, SWSoft, a privately held server automation and virtualization software company, created software for managing data centres. A pioneering system-level server virtualization solution, their Virtuozzo software was acquired by Plesk in 2003, a commercial web hosting platform.

The partnership between Google and Microsoft to make fully functional Windows programmes available to businesses and cloud employees using Chrome Enterprise was announced on October 20, 2020. According to John Solomon, vice president of Chrome OS at Google, “Chrome OS is increasingly being chosen by modern enterprises, whether for remote work, hybrid, or in-office use. We are thrilled to partner with Parallels to bring legacy and full-featured Windows application support, through Parallels Desktop for Chromebook Enterprise, to help businesses easily transition to cloud-first devices and workflows.”

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A power management integrated circuit (PMIC) is a device that provides power to an electronic circuit. It is typically used in devices that require a high current, such as computers and cell phones. The PMIC regulates the voltage and current to the electronic circuit, and protects the circuit from over-voltage and over-current conditions.

STMicroelectronics

STMicroelectronics is an international French-Italian semiconductor and electronics manufacturer with headquarters in Plan-les-Ouates, close to Geneva, Switzerland. In 1987, the French and Italian government-owned semiconductor firms “Thomson Semiconducteurs” and “SGS Microelettronica” merged to form the new company. It is commonly called “ST”. While the holding company, STMicroelectronics N.V., is established in the Netherlands, STMicroelectronics’ corporate headquarters and the EMEA region’s headquarters are located in the Canton of Geneva.

ST announced the establishment of a collaborative lab with Sant’Anna School of Advanced Studies in 2011. The lab’s primary areas of study and innovation will include microelectronics, smart systems, and biorobotics. In the past, the Sant’Anna School of Advanced Studies and DustBot, a platform with self-navigating “service robots” for waste collection, have collaborated.

Maxim Integrated

Analog Devices’ subsidiary Maxim Integrated creates, produces, and distributes analog and mixed-signal integrated circuits for the computing, communications, consumer, and automotive industries. Sensors, analog ICs, interface ICs, communications solutions, digital ICs, integrated security, and microcontrollers are among the products offered by Maxim. The business includes design studios, factories, and sales offices all over the world in addition to its headquarters in San Jose, California. In addition, the business purchased Trinamic, a manufacturer of motion control products, in June 2020. The company was purchased by Analog Devices on August 26, 2021.

Mitsubishi Group

The Mitsubishi Group is a collection of independent, multinational Japanese businesses operating in many sectors. The Mitsubishi Group, which was established by Yataro Iwasaki in 1870, is historically descended from the Mitsubishi zaibatsu, an united business that operated from 1870 until 1946. During the occupation of Japan after World War II, the corporation was dissolved. Without a dominant parent firm, the Mitsubishi Group is made up of around 40 different enterprises. The shares of the other Mitsubishi firms are significantly (though typically not controllingly) owned by each of the Mitsubishi companies.

The group’s four principal enterprises are Mitsubishi Corporation (a general trade company), Mitsubishi Electric, Mitsubishi Heavy Industries, and MUFG Bank, the largest bank in Japan (both diversified manufacturing companies).

ROHM Semiconductor

Located in Kyoto, Japan, Rohm Semiconductor is a maker of electrical components. Kenichiro Sato incorporated Rohm on September 17, 1958 under the name Toyo Electronics Industry Corporation. Rohm began building a production facility in Malaysia’s Kelantan in 2016 and opened it for business in April 2017. A few years later, in 2022, Rohm increased the size of their plant by around 1.5 times with the intention of opening in 2023. The enlarged facility will primarily focus on the production of analogue LSIs and transistors, whereas the original plant mostly produces discrete semiconductors like diodes.

Renesas Electronics Corporation

Renesas Electronics Corporation, a Japanese semiconductor manufacturer with its headquarters in Tokyo, was founded in 2002 as Renesas Technology, a consolidated entity of Hitachi and Mitsubishi’s semiconductor businesses that did not include their dynamic random-access memory operations. In 2010, NEC Electronics merged with this entity, leading to a slight change in the company name and logo. The main supplier of cutting-edge Wi-Fi systems, Celeno Communications, was also acquired by Renesas in December 2021. Renesas successfully acquired Reality Analytics, Inc. in July 2022, expanding its machine learning and artificial intelligence capabilities.

Texas Instruments

Texas Instruments Incorporated (TI) is an American technological business with its main office in Dallas, Texas. It creates and produces integrated circuits and semiconductors, which it then sells to producers and designers of electronics around the world. According to sales volume, it is one of the top 10 semiconductor businesses in the world. The company concentrates on creating embedded CPUs and analogue circuits, which provide more than 80% of its sales. Calculators, microcontrollers, and multi-core processors are among the educational technology items that TI also makes using its digital light processing technology. As of 2016, the business had 45,000 patents worldwide.

Analog devices, embedded processors, digital light processing, and educational technologies make up TI’s four current divisions. The industrial sector generates 41% of the company’s annual sales as of January 2021, while the automobile market generates 21%.

Analog Devices, Inc.

With its headquarters in Wilmington, Massachusetts, Analog Devices, Inc. (ADI), sometimes known as Analog, is an American global semiconductor firm with a focus on data conversion, signal processing, and power management technology. The business produces integrated circuits (ICs) for analogue, mixed-signal, and digital signal processing (DSP) that are utilised in electronic devices. These technologies are used to transform, refine, and process electrical signals from real-world phenomena like light, sound, temperature, motion, and pressure.

In the following sectors: communications, computing, instrumentation, automotive, military/aerospace, and consumer electronics applications, Analog Devices has about 100,000 clients. Maxim Integrated will be acquired by Analog in July 2020 in an all-stock deal valued at $68 billion for the combined business.

ON Semiconductor

Based on its 2021 revenue, the American semiconductor provider onsemi, with headquarters in Phoenix, Arizona, was ranked #483 on the Fortune 500 in 2022. Products for automotive, communications, computer, consumer, industrial, LED lighting, medical, military/aerospace, and power applications include power and signal management, logic, discrete, and bespoke devices. In the continents of North America, Europe, and Asia Pacific, onsemi maintains a network of production sites, sales offices, and design centres. Onsemi was one of the top 20 semiconductor leaders in the world. Onsemi will buy the GlobalFoundries 300mm Fabrication Facility in East Fishkill, New York, in April 2019. Onsemi purchased GT Advanced Technologies in August 2021.

 Infineon Technologies AG

When the semiconductor division of erstwhile parent firm Siemens AG was spun off, the German semiconductor manufacturer Infineon Technologies AG was established. One of the top 10 semiconductor producers in the world, Infineon employs roughly 50,280 people. The corporation generated sales of €11.06 billion in the 2021 fiscal year. In April 2020, Infineon acquired Cypress Semiconductor. The startup Innoluce, which specializes in MEMS and LiDAR systems for use in autonomous vehicles, was bought by Infineon in October 2016. The 250-meter range MEMS lidar device can scan up to 5,000 data points per second, with mass manufacturing unit costs of $250. Infineon announced in June 2019 that it would buy Cypress Semiconductors for $9.4 billion. The deal was finalized on April 17, 2020.

NXP Semiconductor

On August 6, 2010, NXP, which was first separated from Philips in 2006, completed its first public offering. Shares of NXP now trade on the NASDAQ under the ticker name NXPI. NXP Semiconductors was included in the NASDAQ 100 on December 23, 2013. It was announced that NXP and Freescale Semiconductor would merge on March 2, 2015. On December 7, 2015, the transaction was finalised. It was disclosed on October 27, 2016, that Qualcomm would attempt to acquire NXP. The plan was in fact abandoned on July 26, 2018, since the Chinese merger regulator did not approve the deal before Qualcomm’s deadline.

NXP’s industry-first combination of UWB fine-ranging, NFC, Secure Element, and embedded SIM was made available in Samsung’s new Galaxy Note20 Ultra on August 11, 2020.

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Press Releases

Soft Tissue Anchors Market to Reach USD 1,228.1 Million by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, November 2022: According to a new research study by Global Insight Services (GIS), the global soft tissue anchors market is expected to grow rapidly over the next 10 years to reach a value of more than USD 1,228.1 Million by 2031.

Orthopedic surgery frequently makes use of soft tissue anchors. An orthopaedic injury may develop as a result of sudden trauma or constant mobility. The main causes of fractures and injuries to the bones are sports and strenuous physical activity.

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Soft Tissue Anchors Market: Key Trends and Drivers

The market for soft tissue anchors is expected to rise as more sports injuries require orthopedic treatment, such as rotator cuff surgery, torn ligament repairs, removal of loose bones or cartilages, etc. A common injury among sportsmen is shoulder dislocation, which, if not properly treated, can lead to irreversible damage. The most popular and least invasive method for treating shoulder dislocation is called arthroscopic bank art repair, which uses soft tissue anchors.

Soft Tissue Anchors Market: Restraints and Challenges

The high cost of surgeries coupled with unfavorable reimbursement scenario are hindering the growth of the market.

Soft Tissue Anchors Market Report Findings

https://www.globalinsightservices.com/reports/soft-tissue-anchors-market/

The absorbable soft tissue anchors segment is anticipated to dominate the market during the forecast period

Based on product, it is segmented into absorbable soft tissue anchors and non-absorbable soft tissue anchors. The absorbable soft tissue anchors segment is anticipated to dominate the market during the forecast period. Soft tissue anchors are widely used in orthopedic surgeries. An orthopedic injury may occur owing to acurate trauma or repetitive motion of the body.

The knotless suture anchors segment is anticipated to dominate the market during the forecast period

Based on typing type, it is segmented into knotless suture anchors and knotted suture anchors. The knotless suture anchors segment is anticipated to dominate the market during the forecast period. The increasing number of sports injuries and orthopedic surgeries is boosting the growth of the market.

The metallic suture anchor segment is anticipated to dominate the market during the forecast period

Based on the material, it is segmented into metallic suture anchor, bio-absorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The metallic suture anchor segment is anticipated to dominate the market during the forecast period. The increasing geriatric population is highly prone to various orthopedic conditions such as joint disorders, anterior cruciate ligament injuries, joint fusion, osteoarthritis, and others.

The hospital segment is anticipated to dominate the market during the forecast period

Based on the end user, it is segmented into hospitals, clinics, emergency medical services, and other. The hospital segment is anticipated to dominate the market during the forecast period. Obesity and osteoporosis are two prevalent disorders whose incidence is rising. Obese patients are more prone to have specific orthopedic issues, which heighten the need for surgery.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Suture anchor demand is expected to increase due to the rising prevalence and incidence of orthopaedic injuries in the world’s population. The worldwide suture anchor market is primarily driven by ongoing developments, technological improvements, declining healthcare costs, and the development of new suture anchor components. Additionally, growing investments in the creation of novel kinds of suture anchors offer an efficient choice for treating orthopedic injuries, which is fueling market expansion.

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Competitive Landscape

The key players studied in the global soft tissue anchors market are Smith & Nephew plc, Zimmer Biomet Holdings, Inc., ConMed Corporation, Arthrex, Inc, Johnson and Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical Group N.V., Teknimed SA, MedShape, Inc., Anstem Medical, Groupe Lepine S.A., Neosys Surgical Solutions LTD and Biocomposites Ltd among others.

Soft Tissue Anchors Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Soft Tissue Anchors market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Soft Tissue Anchors market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Soft Tissue Anchors market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Soft Tissue Anchors industry.

Global Soft Tissue Anchors Market Segmentation

By Product

  • Absorbable Soft Tissue Anchors
  • Non-absorbable Soft Tissue Anchors

By Material

  • Metallic Suture Anchors
  • Bio-absorbable Suture Anchors
  • PEEK Suture Anchors
  • Bio-composite Suture Anchors
  • Others

By Tying Type

  • Knotless
  • Knotted

By End User

  • Hospitals
  • Emergency Medical Services
  • Clinics
  • Ambulatory Surgical Centers

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

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Laser Therapy Devices Market to Reach US$ 5.8 bn by 2031, driven by growing adoption of cold laser therapy for the stimulation of healing by using low levels of light: Global Insight Services

New York, November 2022: According to a new research study by Global Insight Services (GIS), the global Laser Therapy Devices market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 5.8 Billion by 2031.

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Laser Therapy Devices Market: Key Trends and Drivers

Rising consumer preference for innovative and non-invasive laser based technologies will foster the demand for laser therapies across the globe. Increasing number of geriatric population will further induce inn the demand for this technology as it helps to reduce pain and inflammation in the body. Rising eye disorders too will bolster the laser therapy market growth. Increase in the personal disposable income and increased demand for cosmetic surgeries will further create more lucrative opportunities for growth of laser therapy market.

Laser Therapy Devices Market: Restraints & Challenges

High costs involved in the installation and maintenance of the technology will dampen the growth of the market. Further, stringent regulations imposed by the government on the acquisition and installation of the technology will slow down the market growth rate. High rate of failure of laser based surgical procedures coupled with the side effects of undergoing a laser therapy will further come as an obstruction in the way of growth of the market.

Laser Therapy Devices Market Report Findings

https://www.globalinsightservices.com/reports/laser-therapy-devices-market/

The liquid/dye laser system segment is likely to hold a dominant Laser Therapy Devices market share and grow at a substantial CAGR during the forecast period.

By product, the market is segmented into gas laser systems, liquid/dye laser systems, semiconductor/diode laser systems, and others. The liquid/dye laser system segment accounted for the largest share of the global revenue in 2021, owing to the wide usage of these products on account of their rapid treatment results. They have proven to be safer for all skin tones & hair colors and facilitate less painful treatment procedures. With technological advancements, these products are expected to dominate the market even during the forecast period. Laser devices are sub-segmented into Nd: YAG, diode, and alexandrite laser systems.

The ophthalmology segment is anticipated to hold a majority of the Laser Therapy Devices market size throughout the study period.

By application, the laser therapy devices market is classified into dermatology, cardiovascular, oncology, and others. The ophthalmology segment is estimated to register considerable expansion through 2031. This is because ophthalmic lasers enable the precise treatment of an array of eye issues with minimal risk of infection. It is noteworthy that a number of laser processes are relatively pain free and can be performed on an outpatient basis. Besides, these provide the advantages of relatively low cost, high accuracy, and safety and essentially destroy the targeted tissue for a beneficial impact on the eye. These aspects are expected to propel the usage of laser therapy for eyes during the forecast period.

The hospital pharmacies segment is anticipated to hold a majority of the Laser Therapy Devices market size throughout the study period.

The end-user segment of the market is bifurcated into Hospitals, Ambulatory Surgical Centers, Specialized Clinics, and Others. The hospitals segment is projected to account for a lucrative share in the laser therapy devices market by 2028. This growth is attributed to the availability of innovative and advanced technology-based laser devices in these settings. The product demand is further slated to rise with an increase in hospitalizations for complex procedures such as cancer-related processes and cardiovascular disorders. The availability of favorable reimbursement policies and improving hospital infrastructure are poised to boost the market expansion through the analysis period.

The North America region is estimated to exhibit the highest growth rate during the Laser Therapy Devices market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America Laser Therapy Devices market revenue is poised to grow significant CAGR during the forthcoming years. This is owing to an increase in the provision of patents in the region. For instance, in July 2021, Aspen Laser LLC, a major medical solutions company, has been awarded a new patent by the USPTO (U.S. Patent and Trademark Office). The patent will cover particular laser devices that will be manufactured by the company and sold in the veterinary and medical markets..

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Competitive Landscape

The global laser therapy devices market report includes players such as Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent Inc., Biolitec AG, Hologic Inc., Alma Lasers Ltd., Fotona D.D, Danaher Corporation, and Thermo Fisher Scientific Inc., among others.

Recent Developments in the Laser Therapy Devices Market:

  • In October 2022, Dexcom has begun the global rollout of its G7 continuous glucose monitoring system by making the device available in the U.K., Ireland, Germany, Austria and Hong Kong. The device is designed to be smaller, easier to use and have a better mobile application than its predecessor, while also powering up faster than rival CGM systems. Still the U.S. launch has been delayed, until late 2022.
  • In August 2022, Teladoc Health, the announced the addition of a home A1C testing program to its Livongo by Teladoc Health chronic care solution, making it easier for members to manage and control their diabetes
  • In September 2021, Know Labs Inc, a US-based company that manufactures glucose monitoring devices launched a new portable medical-grade glucose monitoring device named KnowU that utilizes Bio-RFID technology. This device is a non-invasive glucose monitoring machine that has a base that powers the device and displays readings and, a battery a powered monitor with Bio-RFID sensors that can be carried by the users to check sugar levels on the go.
  • In May 2021, Roche collaborated with Eli Lilly and Company, to work towards enhancing the management of insulin pen therapy. With this collaboration, Roche follows its ambition to create an open ecosystem including its own and partner devices, solutions, and services, across the continuum of care in diabetes.

Laser Therapy Devices Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Laser Therapy Devices market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Laser Therapy Devices market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Laser Therapy Devices market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Laser Therapy Devices Market Segmentation

By Type

  • Self-monitoring Blood Glucose Meters
  • Continuous Glucose Monitors
  • Testing Strips
  • Lancets

By Application

  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes

By End-user

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales
  • Diabetes Clinics & Centers

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Automatic Pill Dispenser Market to Reach US$ 6.3 Bn by 2031, driven by the Increasing prevalence of diseases like cancer, diabetes, chronic diseases: Global Insight Services

New York, November 2022: According to a new research study by Global Insight Services (GIS), the global Automatic Pill Dispenser market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 6.3 Billion by 2031.

An automatic pill dispenser is a device that stores and dispenses medication in pre-set doses. It is typically used by people who take multiple medications or who have difficulty remembering to take their medication. The dispenser is programmed to dispense the correct amount of medication at the correct time. It can be used with or without supervision.

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Automatic Pill Dispenser Market: Key Trends and Drivers

Recent technological advances in automatic pill dispensers are expected to drive the industry in the near future. The introduction of automatic pill dispensers connected with barcode scanning allows for precise medicine delivery while also preventing the loading of incorrect medication and providing additional safety precautions for high-risk pharmaceuticals. The bluetooth connectivity enables customers to connect these gadgets to any compatible device, including phones, to receive visual and audible notifications, so favourably pushing industrial expansion. These gadgets now come with a digital detachable timer, which is ideal for people with memory or cognitive problems who require frequent reminders to take medications. As a result of the introduction of unique devices that allow users to select the schedules to dispense numerous medications at the needed times, the industry demand is expanding dramatically.

Automatic Pill Dispenser Market: Restraints & Challenges

Stringent government rules and errors caused by automatic pill dispensers may have a detrimental impact on industry growth. A programming error in automatic pill dispensers may result in lower patient satisfaction and a growing distrust of healthcare facilities. Incorrect programming of clever pumps and IVs is a major worry for chronic disease patients and can have serious consequences for their overall health. The FDA monitors the approval and use of this device because of the significant risk associated with its use in chronically sick patients. These devices are designated as class I devices, which require reasonable assurance of the device’s safety and effectiveness.

Automatic Pill Dispenser Market Report Findings

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The centralized automated dispenser segment is likely to hold a dominant Automatic Pill Dispenser Market share and grow at a substantial CAGR during the forecast period.

Based on product, the market is segmented as Centralized Automated Dispenser, and Decentralized Automated Dispenser. Among them centralized automated dispenser segment in the Automatic Pill Dispenser market is projected to witness significant growth rate through 2031. This is due to the several benefits comprising optimize medication storage, improves staff productivity, and reduce medication errors among others. Centralized automatic systems have a user in direct control of the dispensing method. A robotic centralized automatic dispenser organizes a large number of drugs without the need for any human intervention, enhances pharmaceutical operations, and provides security, thereby decreases chances of error or medicine theft considerably.

Furthermore, as compared to manual processes, these systems can fill over 1,000 prescriptions per hour, greatly reducing patient waiting time and contributing to improved patient satisfaction. This can considerably prevent cross contamination and infection caused by improperly handled prescription medicines or germ exposure. As a result, the centralised automatic dispenser’s capabilities, as well as continual innovation and improvement in this device, are expected to considerably fuel the automatic pill dispenser market expansion over the forecast period.

The hospital segment is anticipated to hold a majority of the Automatic Pill Dispenser Market size throughout the study period.

Based on end-user, the market is segmented as hospitals, pharmacies, senior care, and others. The hospital segment held substantial market share in 2021 and is anticipated to witness notable growth to reach highest market share and CAGR by 2031. An automatic pill dispenser in a hospital provides a medication management system that maintains drugs neatly organised and secure, driving the industry size. These systems can manage each user’s access to stored drugs based on individual permissions and automatically document and trace all transactions. The computerised automatic pill dispenser used in hospitals is an advanced system for full drug dispensing process management that eliminates human mistake, subtracts the drug from the central inventory in real-time, and updates clinical case records.

The Europe region is estimated to exhibit the highest growth rate during the Automatic Pill Dispenser Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe is expected to witness the fastest growth in terms of revenue over the forecast period. Given the rising requirement for a variety of drugs, Europe could expect to see notable growth in the years to come. Heightened focus on the up-gradation of the medical system stemming from the rising consumer disposable incomes will benefit the regional market as well. The development of the automatic pill dispenser market in the region will also be aided by the surging uptake of technologically innovative medical gadgets. The rising cases of various ailments, like chronic illnesses such as osteoarthritis, and Alzheimer’s bolster the need for automated equipment in the healthcare sector..

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Competitive Landscape

The global automatic pill dispenser market report includes players such as Baxter International Inc.BectonDickinson and CompanyCerner CorporationCapsa HealthcareMcKesson CorporationOmnicell Inc.ScriptPro LLCSwisslog Holdings AGTalyst, Inc. and Yuyama Co., Ltd.among others.

Recent Developments in the Automatic Pill Dispenser Market:

  • In December 2021, Hero and AdhereHealth entered a strategic partnership. Hero’s platform includes a connected smart pill dispenser, which automatically sorts and dispenses medications according to a patient’s unique medication schedule. This partnership has led to simultaneously improving patient safety by focusing on medication management, further supporting caregivers, and helping people take more control of their health.
  • In July 2021, Big Sky Labs has raised $1 million in seed funding to develop a device to dispense medications and provide other home health services such as wellness checks and health monitoring. The device, called PillPez, dispenses medications at specified times during the day from pre-loaded medication strips available from most pharmacies. If an individual does not take the drugs, PillPez provides an escalating set of reminders, including to caregivers or family.
  • In March 2021, Accelmed Partners announced that it led a $40 million investment in MedMinder Systems Inc., to further expand the Companys geographic footprint, integrate new telemedicine technologies, and serve a larger U.S. customer base.”
  • In December 2020, Capsa Healthcare announced a significant development in its NexsysADC product line, the addition of new auxiliary cabinets of up to 10 tiers that will help to expand storage and supplies of medication doses significantly.

Automatic Pill Dispenser Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Automatic Pill Dispenser Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Automatic Pill Dispenser Market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Automatic Pill Dispenser Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Automatic Pill Dispenser Market Segmentation

By Product

  • Centralized Automatic Dispenser
  • Decentralized Automatic Dispenser

By End-user

  • Hospitals
  • Pharmacies
  • Senior Care
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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