A Market Place Research – Page 2472

IoT Insurance Market 2022 Development Status – Aeris Group Ltd, Cisco Systems, Concirrus, Google

Allied Market Research published a report on the “IoT Insurance Market By Component (Solution and Service), Insurance Type (Life & Health Insurance, Property and Casualty (P&C) Insurance, and Others) and Application (Automotive, Transportation & Logistics, Life & Health, Commercial & Residential Buildings, Business & Enterprise, Agriculture and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. It offers a comprehensive study of the global market size & forecast, segmental analysis, region-wise outlook, competitive landscape, market opportunities, dynamic factors that affect the market growth, and key industry trends.

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IoT insurance Market Overview

The data presented in the report published by Allied Market Research is has been produced through prime interviews with top officials from prominent organizations of the respective domain. Our secondary data acquisition methodology takes in thorough online and offline research and discussion with specialized professionals in the industry.

Furthermore, the global IoT insurance market report involves the facts & figures of the market growth & development, an explicit study of the value chain, established case studies, and profiles of the frontrunners along with other qualitative segments. The major players in the industry are thoroughly studied based on their revenue size. The report, at the same time, delineates how these players have adopted several strategies including expansion, collaboration, joint ventures, and others to show up their flair in the sector.

The global IoT insurance market report includes a detailed study of major market players such as Aeris Group Ltd, Cisco Systems Inc., Concirrus, Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Telit along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

The research offers an extensive competitive scenario for various regions and countries for the global IoT insurance market. Regions discussed in the study include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). These insights are valuable in determining expansion strategies, discovering growth potential, and emphasizing on opportunities in new regions. AMR also offers customization services for a specific region, country, and segment upon request.

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COVID-19 Impact Analysis

The global IoT insurance market research report offers a detailed synopsis of the market on the basis of some fundamental parameters such as prime driving factors, market scope & extent, and growth trends. The report comprises a thorough analysis of the COVID-19 impact on the market. The outbreak of the pandemic has been highly unfavorable to the growth of the majority of industries, and the IoT insurance market has also not been an exception in this regard. Additionally, the report also portrays the post Covid scenario of the market as mass vaccination drives across the world and ease of the rules & regulations in the majority of countries are expected to help the market recoup soon.

Prime Takeaways

Quantitative and qualitative analysis of the global IoT insurance market based on types, application, end Users, and region
The growth trends
Market opportunities
Regional Analysis
Profiles of the top ten market players
Exhaustive study of the drivers, restraints, and opportunities
Covid-19 scenario
Financial valuation of the portfolios of the key market players

Scope of the report

The global IoT insurance market report by Allied Market Research offers proper analysis of the existing niches in the sector. The widespread and all-encompassing research study provides highly relevant information along with emphasizing on the drivers, restraints, and opportunities of the market. It also intends to provide exclusive information on the latest market trends and approaches.

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Key Market Segments Includes:

By Component
• Solution
• Service

By Insurance Type
• Life & Health Insurance
• Property and Casualty (P&C) Insurance
• Others

By Application
• Automotive, Transportation & Logistics
• Life & Health
• Commercial & Residential Buildings
• Business & Enterprise
• Agriculture
• Others

Segmental breakdown is provided in both qualitative and quantitative and aspects. This helps the clients identify the most lucrative segment to keep on with investments, based on a comprehensive backend study as regards to the segmental performance, along with brief credit of the operating organizations and their key developmental accomplishments.

Ten top players operating in the global IoT insurance market are also thoroughly assessed to cognize their economic strength and position in the industry along with an array of data points, which take in brief company synopsis, chief executives of the company, its recent financials, prime growth strategies incorporated by the organization, and novel strategies or ingenuities undertaken by them to heighten their stance in the global IoT insurance market.

Research Methodology

Most importantly, the research report also offers an explicit analysis of the clients on the basis of a wide variety of authentic inputs, which take account of secondary inquiries and primary interviews with industry participants, along with regional intelligence and reliable statistics. The in-house industry doyens also play a crucial role in conniving methodical prototypes and replicas, designed to cater to the requirements of the clients. These methodical tools tend to improve the statistics and perk up the precision of our recommendations altogether.

Key Stakeholders

Major Players operating in the market
Distributors
Venture Entrepreneurs
Suppliers
Governments Bodies
C-level Officials

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Deep Learning Chip Market Will Hit Big Revenues In Future 2030 | Intel Corporation, NVIDIA, Baidu

Allied Market Research published a report on the “Deep Learning Chip Market By Chip Type (GPU, ASIC, FPGA, CPU, Others), Technology (System on Chip, System in Package, Multi Chip Module and Others), and Industry Vertical (Media & Advertising, BFSI, IT & Telecommunication, Retail, Healthcare, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. It offers a comprehensive study of the global market size & forecast, segmental analysis, region-wise outlook, competitive landscape, market opportunities, dynamic factors that affect the market growth, and key industry trends.

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Deep learning chip Market Overview

Furthermore, the global deep learning chip market report involves the facts & figures of the market growth & development, an explicit study of the value chain, established case studies, and profiles of the frontrunners along with other qualitative segments. The major players in the industry are thoroughly studied based on their revenue size. The report, at the same time, delineates how these players have adopted several strategies including expansion, collaboration, joint ventures, and others to show up their flair in the sector.

The global deep learning chip market report includes a detailed study of major market players such as AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, and Samsung along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

The research offers an extensive competitive scenario for various regions and countries for the global deep learning chip market. Regions discussed in the study include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). These insights are valuable in determining expansion strategies, discovering growth potential, and emphasizing on opportunities in new regions. AMR also offers customization services for a specific region, country, and segment upon request.

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COVID-19 Impact Analysis

The global deep learning chip market research report offers a detailed synopsis of the market on the basis of some fundamental parameters such as prime driving factors, market scope & extent, and growth trends. The report comprises a thorough analysis of the COVID-19 impact on the market. The outbreak of the pandemic has been highly unfavorable to the growth of the majority of industries, and the deep learning chip market has also not been an exception in this regard. Additionally, the report also portrays the post Covid scenario of the market as mass vaccination drives across the world and ease of the rules & regulations in the majority of countries are expected to help the market recoup soon.

Prime Takeaways

Quantitative and qualitative analysis of the global deep learning chip market based on types, application, end Users, and region
The growth trends
Market opportunities
Regional Analysis
Profiles of the top ten market players
Exhaustive study of the drivers, restraints, and opportunities
Covid-19 scenario
Financial valuation of the portfolios of the key market players

Scope of the report

The global deep learning chip market report by Allied Market Research offers proper analysis of the existing niches in the sector. The widespread and all-encompassing research study provides highly relevant information along with emphasizing on the drivers, restraints, and opportunities of the market. It also intends to provide exclusive information on the latest market trends and approaches.

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Key Market Segments Includes:

• By Technology
o System-on-chip (SoC)
o System-in-package (SIP)
o Multi-chip module
o OTHERS (PACKAGE IN PACKAGE, TSV)

• By Industry Vertical
o Media & advertising
o BFSI
o IT & telecom
o Retail
o Healthcare
o Automotive
o Others

• By Chip Type
o GPU
o ASIC
o FPGA
o CPU
o OTHERS (NPU & HYBRID CHIP)

Ten top players operating in the global deep learning chip market are also thoroughly assessed to cognize their economic strength and position in the industry along with an array of data points, which take in brief company synopsis, chief executives of the company, its recent financials, prime growth strategies incorporated by the organization, and novel strategies or ingenuities undertaken by them to heighten their stance in the global deep learning chip market.

Research Methodology

Key Stakeholders

Major Players operating in the market
Distributors
Venture Entrepreneurs
Suppliers
Governments Bodies
C-level Officials

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Structural Adhesives Industry to Garner $27.9 Billion, Globally, By 2030

According to the report, the global structural adhesives industry was estimated at $14.3 billion in 2020, and is anticipated to hit $27.9 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.

Drivers, restraints, and opportunities-

Rise in investment in the building & construction sectors, surge in expenditure in aerospace, and growth in the automotive sector drive the growth of the global Structural Adhesives Industry. On the other hand, environmental and health concerns associated with the use of structural adhesives impede the growth to some extent. Nevertheless, sustainable structural adhesives and lightweight structural adhesives are projected to pave the way for lucrative opportunities in the future.

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COVID-19 scenario-

The dependence on Structural Adhesives Industry in the automotive, aerospace, energy, and other industries led to decline in demand as the end using sectors were instructed to be suspended.
Nevertheless, the global situation is reviving at a slow & steady pace, and the market is expected to recoup soon.

The metal segment to dominate by 2030-

By substrate, the metal segment contributed to nearly one-third of the total market share in 2020 and is expected to lead the trail by the end of 2030. Use of structural adhesives for bonding of metal substrates has numerous benefits such as strength, durability, reduces surface preparation technique before bonding, and improved aesthetic look as there is no need for welds or rivets. This drive the growth of the market. However, the composite segment is expected cite the fastest CAGR of 7.6% from 2021 to 2030, owing to the fact that composite materials are widely used in marine, wind, building & construction, and transportation sectors.

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The water-based segment to maintain the dominant share-

Based on product type, the water-based segment accounted for more than half of the total market revenue in 2020 and is projected to retain its dominance by 2030. The segment would also manifest the fastest CAGR of 7.2% throughout the forecast period. The key market trend is the adhesion of marine boards made up of mineral wool to plateworks in military ships that is carried out with the use of water-based structural adhesive. This propel the growth of the market.

Asia-Pacific, followed by North America garnered the major share in 2020-

Based on region, Asia-Pacific, followed by North America, held the major share in 2020, garnering more than two-fifths of the global market. The market across this regions is also anticipated to register the fastest CAGR of 7.8% from 2021 to 2030. Structural adhesives possess various significant properties such as high bonding strength, chemical and thermal stability, uniform stress distribution, high load-bearing capacity, and others. In addition, the utilization of structural adhesives in sectors, such as electronics, automobiles, aerospace, building & construction, and others, is the major key market trend behind the growth of the market in the Asia-Pacific region.

Key Market Players-

Ashland Global Holdings Inc.
DuPont
H.B. Fuller
Henkel Ag & Co. KGAA
Huntsman Corporation (HUN)
Lord Corporation
Scott Bader Co.
Sika AG
The 3M Company
Uniseal Inc.

Taiwan Fragrance Ingredients Industry Size to Reach $7.7 Million by 2030

According to the report published by Allied Market Research, the Taiwan fragrance ingredients industry was estimated at $5.9 million in 2020, and is anticipated to hit $7.7 million by 2030, registering a CAGR of 2.74% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Increase in use of personal care products, rise in disposable income, changes in the standard of living, and surge in consumption of natural fragrance ingredients drive the Taiwan Fragrance Ingredients Industry. On the other hand, side-effects of synthetic ingredients impede the growth to some extent. However, opportunities in consumer goods industries have been highly beneficial for the market growth.

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COVID-19 scenario-

Halted operations and manufacturing activities of almost all industries had a negative impact on the distribution channels.
On the other hand, rise in demand for personal care & cosmetic products (sanitizers, soaps, and disinfectants) and other home cleaning chemicals has boosted the growth of the fragrance ingredients market in Taiwan. This way, the pandemic has had a mixed impact on the market.

The Taiwan Fragrance Ingredients Industry is analyzed across type and application. Based on type, the report bifurcates the market into natural ingredients and synthetic ingredients. The synthetic ingredients segment held the major share in 2020, accounting for more than four-fifths of the total market share. Furthermore, the segment is also expected to dominate by 2030. The natural ingredients segment, on the other hand, would cite the fastest CAGR of 3.34% from 2021 to 2030.

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Based on application, the personal care segment contributed to nearly three-fifths of the total market share in 2020 and is anticipated to lead the trail by the end of 2030. Simultaneously, the hair care segment would manifest the fastest CAGR of 3.04% throughout the forecast period. The fabric care segment is also studied in the report.

The key market players analyzed in the Taiwan Fragrance Ingredients Industry report include Arkema, BASF SE, Dow, Eastman Chemical Company, Firmenich International SA, Fine Fragrances Private Limited., Givaudan, International flavor & fragrances Inc., LG Chem Ltd., Mane SA, Morimura Bros. Inc., Soda Aromatics Co. Ltd., Symrise, Taiwan Tekho Fine-Chem Co. Ltd., and Takasago International Corporation. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Cobalt Alloy Powder Industry Size to Reach $490.9 Million by 2030

According to the report published by Allied Market Research, the global Cobalt Alloy Powder Industry was estimated at $259.1 million in 2020 and is expected to hit at $490.9 million by 2030, registering a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Rise in demand for cobalt in the automotive and tooling industry and rapid development of 3D printing fuel the growth of the global Cobalt Alloy Powder Industry. On the other hand, several health hazards associated with cobalt dust impede the growth to some extent. However, innovation in the manufacturing industry is expected to create lucrative opportunities in the sector.

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COVID-19 scenario-

Loss of man power and shut down of the majority of industries across the globe led to a sharp decline in demand for cobalt alloy powder based products from the manufacturing industries, especially in the initial phase. This factor impacted the global Cobalt Alloy Powder Industry negatively.
Nevertheless, the overall situation is now getting ameliorated, and the market is anticipated to recoup soon.

The global Cobalt Alloy Powder Industry is analyzed across product, application, and region. Based on product, the CoCr alloy powder segment accounted for more than two-fifths of the total market share in 2020, and is expected to rule the roost by 2030. The CoCrMo alloy powder segment, on the other hand, would garner the fastest CAGR of 7.2% throughout the forecast period.

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Based on application, the additive manufacturing and 3D printing segment contributed to nearly half of the total market revenue in 2020, and is projected to lead the trail by 2030. The brazing segment, however, would exhibit the fastest CAGR of 7.7% during the forecast period.

Based on region, the market across North America held the major share in 2020, garnering nearly two-fifths of the global market. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 9.6% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.

The key market players analyzed in the global Cobalt Alloy Powder Industry report include Eramet, Freeport Cobalt Americas LLC, Sherritt International, Minara Resources Pty Ltd., Mitsui, Norilsk Nickel, Sandvik Materials Technology, Shepherd chemical company, Sumitomo Corporation, and Umicore- Cobalt & Specialty Materials. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Solar Panel Coatings Industry to Garner $15.7 Billion By 2030

Allied Market Research published a report, titled, “Solar Panel Coatings Industry by Type (Anti-reflective, Hydrophobic, Self-cleaning, Anti-soiling, Anti-abrasion, and Others) and Application (Residential, Commercial, Energy, Agriculture, Automobiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, the global solar panel coatings industry generated $2.1 billion in 2020, and is anticipated to generate $15.7 billion by 2030, witnessing a CAGR of 22.4% from 2021 to 2030.

Prime determinants of growth

Surge in applications & widespread usage of solar energy and government support policies to promote solar energydrive the growth of the global Solar Panel Coatings Industry. However, high cost of solar panel coatings hinders the market growth. On the other hand, increase in investment towards solar energy research and development presents new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the Covid-19 pandemic has had a negative impact on the global Solar Panel Coatings Industry.
The lockdown implementation led to disruptions in the supply chain, due to which manufacturers faced improper transportation of raw materials.
All the offices, hotels, etc. were temporarily closed, which in turn, led to a decline in the usage of power. This caused a decline the demand for the solar panel industry market.

The hydrophobic segment to maintain its leadership status throughout the forecast period

Based on type, the hydrophobic segment held the highest market share in 2020, accounting for one-third of the global Solar Panel Coatings Industry, and is estimated to maintain its leadership status throughout the forecast period. However, anti-soiling segment is projected to manifest the highest CAGR of 22.4% from 2021 to 2030.

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The energy segment to maintain its lead position during the forecast period

Based on end use, the energy segment accounted for the largest share in 2020, contributing to more than one-third of the global Solar Panel Coatings Industry, and is projected to maintain its lead position during the forecast period. The ever-growing investment of the government towards solar power plants to curb the demand for power has increased the demand for the Solar Panel Coatings Industry. Moreover, the commercial segment is expected to portray the largest CAGR of 23.2% from 2021 to 2030.

Asia-Pacific, followed by North America to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global Solar Panel Coatings Industry. This is because this region is home to a significant number of megacities and with an ever-increasing population. However, the same region is expected to witness the fastest CAGR of 23.3% from 2021 to 2030.

Leading Market Players:-

Arkema Group
Advanced Nanotech Lab
Diamon-Fusion International Inc.
Fenzi SpA
Koninklijke DSM N.V
Nanoman, Nanopool GmbH
PPG Industries Inc.
Unelko Corporation

Radiotherapy Market is Estimated to surge US$ 4,723 Mn with CAGR of 6.2% between 2017-2023

According to a new report published by Allied Market Research, titled, Radiotherapy Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global radiotherapy market was valued at $4,723million in 2016, and is projected to reach at $7,222million by 2023, growing at a CAGR of 6.2% from 2017 to 2023. The external beam radiation therapy segment accounted for more than four-fifths of the total market in 2016.

Radiotherapy devices are used to treat cancer patients by exposing the cancerous tissues to X-rays, gamma rays, and charged particles. The market is driven by growth in number of cancer patients, increase in geriatric population, rise in adoption of radiotherapy devices and procedures, owing to surge in number of awareness campaigns about the benefits of radiotherapy, and technological advancements in radiotherapy devices. However, dearth of skilled personnel and difficulty in tumor visualization restrict the market growth.

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The external beam radiation therapy segment is expected to maintain its dominant position throughout the analysis period, due to rise in the demand for radiotherapy procedures and the increased incidence of different types of cancers. In addition, brachytherapy segment is expected to grow at a high CAGR of 9.9% from 2017 to 2023.

North America accounted for majority of the share (nearly two-fifths) in the market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to increased adoption of radiotherapy devices, enhanced technological advancements, and development of novel products by the key players. In addition, rise in the elderly population, favorable reimbursement rates, prevalence of different types of cancers, and advanced healthcare infrastructure fuel the market growth.

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Prominent players operating in the Radiotherapy market include, Varian Medical Systems, Inc., Elekta AB, Accuray Incorporated, IBA (Ion Beam Applications SA), Nordion, Inc., C. R. Bard, Inc., Isoray Medical, Inc., Raysearch Laboratories AB, Mevion Medical Systems, Inc., and Mitsubishi Electric Corporation.

Key Findings of the Radiotherapy Market:

The external beam radiation therapy segment accounted for more than four-fifths of the total market in 2016.
The hospitals segment accounted for more than three-fifths of the total market in 2016.
Asia-Pacific is expected grow at the highest CAGR of 7.5% from 2017 to 2022

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Teleradiology Market to Reach $10,621 Mn, Globally, by 2025 at 18.4% CAGR

According to a new report published by Allied Market Research, titled,”Teleradiology Market by Imaging Technique, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” the global teleradiology market accounted for $2,709 million in 2017 and is expected to reach $10,621 million by 2025 with a CAGR of 18.4% from 2018 to 2025.

Teleradiology is the branch of telemedicine that involves transmission of radiological images and related data from one location to another for diagnostic and consulting purpose. It is an advanced technology that has emerged due to the imbalance between demand and availability of diagnostic services during emergency situations. Earlier, teleradiology was used only for emergencies; however, with advent of internet and advancements in the IT industry, teleradiology practice has become more common in recent years.

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The prime factor that drives the teleradiology market growth includes imbalance between the demand and availability of radiological services. Lack of timely diagnostic services causes a major problem for clinicians during emergencies, especially night hours, which further contributes to fuel the teleradiology market size globally to initiate proper treatment at the earliest.

Based on teleradiology market trends by application, the CT scan segment accounted for the majority of teleradiology market share of the global market in 2017. This is attributed to the surge in number of institutes installing CT scanners and the capability to scan complex body structures such as lungs, brain, and cardiac cavities.

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Based on end user, the ambulatory surgical centers segment generated the maximum revenue in 2017, and is anticipated to exhibit prominent growth during the forecast period. This is attributed to the fact that these centers offer improved efficiency in health care delivery, allowing patients to spend less time in the health care setting.

Prominent players operating in the Teleradiology market include, Siemens AG, 4ways Limited, Global Diagnostics Limited, Mednax, Inc., Koninklijke Philips N.V., GE Healthcare, Everlight Radiology, Agfa-Gevaert Group, Radisphere National Radiology Group, Inc., and Fujifilm Medical Systems, Inc.

Key Findings of the Teleradiology Market:

The radiology information system (RIS) of software segment is anticipated to grow at the highest rate with a CAGR of 19.2% during the forecast period.
The U.S. was the major shareholder in the North America teleradiology market and accounted for the highest share in 2017.

Based on technology, the software segment is expected to grow at a CAGR of 18.1 % during the forecast period.
Based on end user, the hospitals segment held a remarkable position in 2017, registering a CAGR of 17.0 % from 2018 to 2025.

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Q6. Which are the top companies hold the market share in Teleradiology Market?

Q7. Does the Teleradiology Market report provides Value Chain Analysis?

Q8. What are the key trends in the Teleradiology Market report?

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HIV Drugs Market Size to Reach $36.49 Bn, Globally, by 2027 at 3.8% CAGR

According to a new report published by Allied Market Research, titled, “Global HIV Drugs Market by Medication Class and Region: Global Opportunity Analysis and Industry Forecast, 2020–2027.” The global HIV drugs market accounted for $30.89 billion in 2019, and is expected to reach $36.49 billion by 2027, registering a CAGR of 3.8% from 2020 to 2027.

Human immunodeficiency virus (HIV) is one of the most challenging infectious diseases that affected around 39.6 million people globally by the end of 2018, according to the Joint United Nations Program on HIV/AIDS (UNAIDS). Antiretroviral Therapy (ART) drugs are used for the treatment of HIV as they prevent the growth of the HIV virus.

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The major factors that boost the growth of the market include increase in prevalence of HIV globally and rise in treatment & diagnosis rate. In addition, there is escalation in government initiatives to increase awareness among people about HIV cause, symptoms, available treatment options, and the crucial role of these treatments in the control of HIV virus growth. Therefore, raising awareness through such government initiatives is expected to drive the HIV drugs market growth.

The global HIV drugs market is bifurcated on the basis of medication class and region. On the basis of medication class, the market is segmented into multi-class combination drugs, nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), protease inhibitors (PIs), entry inhibitors, and HIV integrase strand transfer inhibitors. In the medication class, the multi-class combination drugs segment holds the largest market share as it involves the most advanced technique used for the treatment of HIV infection.

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Prominent players operating in the HIV Drugs market include, Boehringer Ingelheim International GmbH, Merck & Co., Inc., GalaxoSmithKline plc. AbbVie, F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Gilead Sciences, Inc., Johnson & Johnson, and Cipla Limited

Key findings of the study

North America accounted for 48.40% market share in 2019, and is expected to maintain this trend over the forecast period.
On the basis of medication class, the multi-class combination drugs segment is anticipated to grow at a CAGR of 4.1% from 2020 to 2027.
The Asia-Pacific HIV drugs market is estimated to grow at a CAGR of 4.4% during the forecast period.

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