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North America Leads Accelerometer Medical Sensors Market Surge

In 2024, the accelerometer medical sensors market was valued at USD 4,670.9 million and is expected to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 10,442.9 million by the end of the decade. This growth is largely attributed to the growing demand for continuous health monitoring, the miniaturization of physiological sensors, their enhanced functionalities, user-friendliness, and cost-effectiveness, as well as an increasing population with higher disposable income who are willing to invest in advanced technologies.

The global aging population has significantly increased in recent years. According to the WHO, the percentage of individuals aged over 60 is expected to rise from 12% in 2015 to 22% by 2050. Additionally, it is projected that by 2050, 80% of elderly individuals will reside in low- and middle-income countries.

Older adults are particularly susceptible to chronic conditions due to factors like poor sleep quality, decreased bone strength, and lactose intolerance. The prevalence of these chronic illnesses among the elderly drives the demand for accelerometer medical sensors.

As people age, their susceptibility to diseases increases due to a weakening immune system, reduced physical activity, poor nutrition, and lactose intolerance. The risk of heart issues also rises with age due to long-term fatty acid buildup in arterial walls.

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Key Insights:

  • Wearable Devices: Wearable sensors hold a significant market share due to their ability to measure vital health parameters such as CO2 levels, blood pressure, and heart rate.
  • Versatility: Wearable sensors can be integrated into various everyday items like shoes, clothing, wristbands, and headbands.
  • Health Monitoring: These sensors track metrics including heart rate, pulse, blood pressure, oxygen levels, sleep quality, and calorie intake.
  • Clinical Use: Accelerometer sensors are valuable in clinical trials and for patient safety, providing data on body responses, reducing study durations, and monitoring sleep and emotional states.
  • Smart Devices: They are used in smart devices like activity trackers and fitness bands to analyze health data.
  • Health Informatics: Wearable sensors support health informatics by delivering accurate data and enabling real-time remote patient monitoring.
  • Chronic Disease Monitoring: The demand for accelerometer sensors is driven by the rising prevalence of cardiovascular diseases and cancer.
  • Key Drivers: Factors such as cardiovascular diseases, obesity, smoking, and poor diet are increasing the need for these sensors.
  • Wellness Monitoring: The wellness segment is anticipated to grow rapidly as digital health tracking and data interpretation advance.
  • Hospitals & Clinics: Major users include hospitals and clinics, which benefit from advanced technology, large patient bases, and skilled healthcare professionals.
  • Market Growth: Increased healthcare spending and surgical treatments for chronic diseases are fueling market expansion in hospitals.
  • Regional Insights: North America leads the accelerometer medical sensors market, with projections reaching USD 1.8 billion by 2030. The U.S. market is expected to grow at a CAGR of 14.5%, driven by the prevalence of cardiovascular diseases, skilled professionals, and a substantial population with chronic conditions.
  • Innovation: Regulatory approvals and new product launches by companies like Analog Devices Inc. and STMicroelectronics are further propelling market growth.
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Medical X-Ray Film Processor Industry Growth, Development and Forecast Report, 2030

The medical X-ray film processor market, valued at USD 1,024.7 million in 2024, is expected to grow to USD 1,238.5 million by 2030, with a compound annual growth rate of 3.2%.

This growth is driven by the increasing prevalence of cancer, dental issues, cardiac conditions, and orthopedic ailments such as arthritis, alongside the rising number of X-ray imaging procedures, growing healthcare expenditures, and heightened awareness of early diagnosis.

In 2021, around 1.2 million heart surgeries were performed globally. Similarly, approximately 850,000 knee replacements are conducted annually in the U.S., reflecting the growing need for X-ray systems for accurate diagnosis due to the increasing incidence of cardiovascular and orthopedic diseases worldwide.

X-ray imaging has significantly improved the early diagnosis and treatment of various conditions, including tumors, bone injuries, pneumonia, and dental problems. This has led to widespread adoption of X-ray imaging systems and, consequently, X-ray films and film processors. As the incidence of these and other ailments rises, the demand for X-ray imaging for diagnosis continues to grow.

In 2023, the fully automatic film processor segment held the largest market share, at 60%, due to its high image quality. The orthopedic segment dominated the market based on application, attributed to the extensive use of X-rays in diagnosing and examining joint or bone conditions such as dislocation, arthritis, and fractures.

The diagnostic centers segment is projected to experience the fastest CAGR in the coming years, driven by the increasing number of diagnostic centers, their accessibility, and their cost-effectiveness compared to full-fledged hospitals.

North America was the largest contributor to the market, with the increasing prevalence of chronic diseases and the growing elderly population boosting the demand for X-ray imaging procedures. The presence of key players, availability of advanced products, and growing awareness of early disease diagnosis are also supporting regional market growth.

The Asia-Pacific region is expected to grow at the fastest rate in the coming years due to rising R&D activities, government initiatives promoting effective and early diagnosis and treatment, improved healthcare infrastructure, increasing demand for advanced medical imaging devices, and a large patient pool.

The rising prevalence of cancer will continue to drive the growth of the medical X-ray film processor market in the future.

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Increasing Chronic Pain and Smoking Rates Propel Transdermal Drug Delivery Market Growth

The total value of the transdermal drug delivery systems market was USD 4.2 billion in 2023. It is expected to grow at a CAGR of 4.7%, reaching USD 5.8 billion by 2030. This market is primarily driven by the increasing prevalence of chronic illnesses, as traditional drug delivery systems are less effective due to hepatic first-pass metabolism. This process results in oral drugs being mostly broken down in the liver before they can reach their target tissues, reducing their efficacy.

Globally, more than one billion people smoke cigarettes, and despite international and national efforts to monitor, educate, and restrict supply, smoking rates remain high. This drives the demand for transdermal nicotine patches, which have been shown to be 50–60% more effective than placebos in helping individuals quit smoking over a year.

The iontophoresis technology segment leads the market, as it enhances skin penetration and accelerates the release rate of drugs with poor absorption or infusion. The pain management segment is also a major market driver, due to the increasing prevalence of chronic pain from conditions such as amputations, arthritis, and nervous system disorders. An estimated 20% of the global adult population suffers from chronic pain, which significantly impacts productivity and causes emotional and psychological distress. Consequently, transdermal analgesia is gaining popularity.

North America dominates the transdermal drug delivery systems market, driven by patent expirations that allow more companies to enter the market with generic alternatives. Additionally, the relaunch of previously failed drugs for subcutaneous delivery and substantial R&D investments contribute to the region’s significant market share. In Europe, the market is supported by favorable insurance policies and awareness campaigns by government institutions. The region’s advanced healthcare infrastructure and strong public health focus, along with numerous medical device and R&D institutes, facilitate the rapid adoption of innovative healthcare technologies.

The global demand for transdermal drug delivery systems is rising due to the increasing incidence of chronic illnesses, a trend that is expected to continue in the coming years.

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What are the Applications of Machine Vision?

In the industrial revolution, there was a complete turnaround in the number of industries, and in the manner in which, the industry worked as well. In this world of tech-revolution, the industry processes have improved, if not changed, because of smart technologies like AI and ML. The topic that we will cover in this blog is something, that is seen today in every factory. It is the machine vision technology.

If we talk about machine vision, it is the automatic visual examination of manufactured things with the use of lenses, industrial cameras, and lighting. It is an instantaneous technique of accurate inspection of components. It can analyze each and every item present a high-speed line, warranting a better control of the quality, when a product is being manufactured.

It has the potential to automate more than a few industrial inspections, such as visual inspections for shortcomings and glitches, presence-absence checks, product verifications, actions, and code readings.

Browse detailed report analysis on Machine Vision Industry Trends and Forecast Report, 2030

These are the Applications of Machine Vision

Measurement

Measurement apps are put to use for determining the exact dimensions of items and this is done by locating precise points on a snap and getting geometric measures from it.

Detection of the Object

With regards to machines, component developments are offering improved raw materials, for example a more widespread variety of cameras, which are used for the creation of specific picture capturing solutions, intricate robotics, new lenses, and more.

Detection of Flaws

With the help of the flaw detection software, it is possible to catch hold of the dents, surface flaws, and scratches on the surface of a product This software can separate the faulty products from all the products, that are present on the production belt. AI -based machine vision comes really good for the detection of faulty products from all the other ‘good’ products.

Identification OF Print Defect

With the help of print defect identification, it is possible to figure out all of the printing incongruities for instance incorrect color shade or the cases of defective printing.

Identification

It involves recognizing a product for tracing it throughout the manufacturing process to guarantee that the right item is produced. Barcodes can come in really handy for identification of objects.

Locating of Products

It is used for finding things in applications like robotic guidance. It is used to determine the location of an object. Its data can pick up the product or do any task needing this position.

Machine vision can really come good for any industrial facility which has to do the same procedure over and over. It is extensively used in plastics, automotive, medical devices, food and packaging and electronics industry.

Industrial automation has increased in industries, with the advent of new technologies, such as AI and ML. Where there is automation, there will be a need for machine vision, to monitor if all the products, that are manufactured are of the superior quality and also free from any sort of defect.

The value for machine vision industry will reach USD 19.5 billion, by the end of this decade.

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Growth of the E-signature Industry in Europe

Europe E-Signature Industry

In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.

SMEs are more and more accepting of e-signatures because they get rid of paperwork and thus late flows of documents, such as those in sales and HR teams. Moreover, the number of administrative tasks is reduced by around 30%, and you have to pay nothing for materials and shipping.

The utilization of these technologies also enables the creation of good trading opportunities with the rest of the world, because it significantly cuts the travel expenses and the HR expenses for authenticated papers.

Moreover, their permeation through SMEs in Europe has increased under the COVID-19 effect, along with them keeping the workflow from remote locations since. Therefore, Paris-based SME Yousign is targeting SMEs, however not above 50,000 small and medium-sized firms in the continent by the end of 2024.

An important factor that cannot be left out is that there is a massive digital transformation around the region at a very high rate. This means that the documentation processes in the organizations and institutions end up being digitized.

Key Insights

• During the projection period, the service category is projected to advance at the highest CAGR of 35.8%.

• This development is credited to the advantages such as significantly decreased processing time from days to hours.

• Electronic services also have lower prices and advanced work efficacy; for example, in Spain, physical transactions are priced at about USD 84, while electronic ones cost between USD 6 and USD 9.

• In 2023, the BFSI industry held the largest industry share of approximately 40%, with an estimated CAGR of 36%.

• The development is propelled by the demand for customer-centric applications and BFSI’s concentration on understanding digital preferences.

• Digital signatures in BFSI guarantee identity safety, robust security, and governing compliance management.

• They streamline complex procedures and speed up client onboarding.• During the projection period, the cloud category is projected to advance at a higher CAGR of 35.8%.

• Data security is a key worry confronted by cloud-based e-signature software.

• Storing the signature key on a remote server decreases the danger of data loss to cyber criminals.

• This surges the need for cloud-based e-signature software in the continent.• In 2023, the PKI category held the largest industry share of approximately 35%.

• PKI is preferred for its standard tech permitting trust provider selection without needing an online third-party verification server.

• Clickwrap electronic signatures are estimated to have the highest CAGR of 35.7% over the projection period.

• Clickwrap signatures offer centralized contract storage for back-end records, driving demand.

• In 2023, the U.K. held the largest industry share of 34.9% because of augmented e-signature usage for digital identification.

• GOV.UK Verify which belongs to G.O.V l confirms the person using government documents like passport or driving licenses, that is to say, except one safe and quick entry process.

• Germany, which is the second largest market in Europe, has been doing that since 2001. It is on the legal grounds of the e-signature law in Germany.

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Secure Access Service Edge Industry Analysis, Leading Players and Forecast Report, 2030

Secure Access Service Edge Market

In 2023, the secure access service edge market amassed USD 2,171.5 million in revenue. It is projected to experience a compound annual growth rate (CAGR) of 26.1% from 2024 to 2030, potentially reaching USD 10,588.5 million by 2030. This growth of the market can be credited to the growing need for increasing cloud adoption, remote work, rising number of cyberattacks, and extensive digitalization.

SASE has risen as the prime target for the domain as it enables a business to configure network and security solutions in a cloud-based computing environment. Currently, the presence of COVID-19 has intensified the requirement for workers to be telecommuting, which has eventually led to a rising number of clients wanting such solutions as they permit access to company resources securely as well as their effective use from any location.

Employees can access corporate data and applications securely from essentially anywhere on their devices without any risk of the data loss due to security issues. This model is based on the concept of zero trust, so described because it focuses on who a user is, the compatible devices available and the context of the request, setting aside old security models that were heavily dependence-oriented.

The security as a service category is expected to have the higher growth rate, of 27%, from 2024 to 2030. This security management approach, based on subscription costs, is not only effective but it’s also economical as it grants subscription access to various specialized services. It is fantastic tailoring given the ever-growing need for safeguarding.

Data integrity and privacy continue to be so basic issues that companies should deal with. By virtue of SaaS vendors, safeguarding the networks from new threats becomes more perfect thanks to the competence, readiness and innovativeness of the SaaS providers.

In the recent years, the North American region dominated the market, and the region is also projected to dominate the market in future as well. SASE is a developing networking and security solutions that syndicates security functions and wide area networking (WAN) into a unified cloud-based service. The constant technical improvements and huge IT infrastructure expenses are mainly boosting the market in the U.S. and Canada.

Forecasts indicate the APAC region in the SASE market is growing at the highest CAGR of 30% from 2024 to 2030. This growth is driven by developing desires for security and cloud networks as well as their popularity for market interface.

The demand for support services is forecast to witness a substantive uptick during the study period which will have a direct impact on the growth imaginable of the market. Further, the APAC region has shown a marked increase in the number of mobile workforces, as many worker amongst them are habitual of the engagement from remote locations.

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Genome Editing Industry Size and Forecast Report, 2030

Genome Editing Market

According to P&S Intelligence, the genome editing market is witnessing growth and is projected to reach USD 20,397.8 million by 2030. This is mainly because of the result of the rising pace of technical improvements in the field of genomics, increasing concentration on the extremely adaptable CRISPR technology, and growing expenditure by government and also private establishments in genomics research and development. Moreover, the rising occurrence of many genetic illnesses is projected to drive the industry.

There is an enormous range of prospects in genomics, like agribusiness, drug research, forensics, veterinary sciences, and the identification of human genetic irregularities, that are attaining robust concentration from government and also private biotech agencies. NGS has significantly enhanced genomics’ role in forensics.

Illumina provides various products for studying genetic variations and function. While traditional fingerprint profiling focuses on DNA analysis, the current use of NGS involves analyzing suspect specimens at crime scenes. This enables law enforcement to extract maximum information even from small or damaged DNA samples.

This development can be mainly credited to the rising utilization of cell line engineering in stem cell-based research. Because of the fast improvements, cell line engineering is being widely used for induced pluripotent stem cells, which aid in changing the hereditary content of the cells. The appearance of enhanced gene editing methods, like TALENs, zinc finger nucleases, and CRISPR/Cas, has allowed lucrative and suitable cell engineering.

In recent years, the North American region dominated the market, with a share, of approximately 45%. Furthermore, credited to the growth of gene treatment, increasing use of hereditarily modified harvests, and simple obtainability of research investment, the region will continue the contribute the most significantly to businesses providing tools and facilities for gene editing.

The mounting use of modified drugs is providing huge development opportunities to the companies in the market. With the utilization of a modified drug, a medicinal practitioner is able to identify the exact needs of the patient and offer the exact treatment, accordingly.

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Over-the-Top Services Market Growth Drivers and Forecast Report, 2030

OTT Services Market

Factors such as the rising internet speed, surging penetration of smart devices and the internet, and burgeoning demand for video-on-demand (VoD) services in developing countries are expected to steer the over-the-top services market growth during the forecast period (2021–2030). Currently, the deployment of the 5G network, to offer increased data speed at low cost, is becoming a prominent market trend. Countries such as the U.S., the U.K., Australia, Japan, Taiwan, Germany, and South Korea have already started deploying 5G networks.

The increasing penetration of the internet and smart devices is one of the key growth drivers for the market globally. Customers can access OTT content through smart TVs, internet-connected phones, tablets, laptops, desktops, gaming consoles, and set-top boxes. Moreover, the increasing amount of time being spent on these smart devices, owing to their escalating use for work and entertainment purposes, will augment the demand for OTT services. Additionally, the growing penetration of high-speed internet and advanced network technologies, such as optical fiber, 4G/LTE, and 5G, will facilitate the market growth.

At present, the OTT services market is fragmented in nature due to the presence of numerous players, such as Netflix Inc., Facebook Inc., Roku Inc., Apple Inc., Amazon.com Inc., Rakuten Inc., The Walt Disney Company, Telstra Corporation Ltd., Google LLC (YouTube), and Kakao Corp. Nowadays, these players are introducing OTT platforms and services to gain a competitive edge. For instance, in March 2021, Netflix Inc. started testing mobile+, a new plan in India for INR 299 per month. This plan will enable subscribers to stream content in 720 HD quality on computers and smartphones. However, this plan will not be accessible on TVs or multiple devices simultaneously.

The monetization model of the OTT services market is classified into advertising-based, subscription-based, and transaction-based. Under this segment, the transaction-based model is expected to witness the fastest growth throughout the forecast period as it enables market players to generate revenue by selling the license of a software product that can be utilized by a group of users or a single user. Moreover, the increasing tendency of users to purchase entire content, such as a full-license video game, with all the features will drive the growth of this category.

Furthermore, the streaming device segment of the OTT services market is categorized into smartphones and tablets, laptops and desktops, gaming consoles, and others. Under this segment, the smartphones and tablets category accounted for the largest market share in 2020 due to the rising technological advancements and growing internet penetration. According to the International Telecommunication Union (ITU), there were 4 billion internet users across the world in 2019. Additionally, this number accounted for over 51% of the global population.

Geographically, North America held the largest share in the OTT services market in 2020 due to the burgeoning internet penetration in the region. As per the ITU, nearly 88.49% of the North American population used the internet in 2018. Whereas, the Asia-Pacific (APAC) market is expected to observe the fastest growth during the forecast period as a result of the booming population, expanding smartphone user base, and increasing internet penetration in developing countries, such as China and India.

Thus, the expanding smartphone customer base and rising internet penetration will supplement the market growth.

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Need for Hygienic Work Environment Drives the Professional Hygiene Market

Professional Hygiene Market

The size of the professional hygiene market will grow at a rate of 5.10% by the end of this decade, to touch USD 23,953 million by 2030.

Because of the increase in populace, shift of individuals from urban to rural areas, and surge in tourism actions, the requirement for hygiene upkeep products is increasing in the hospitality industry, which had about 40% share in the industry in the past.

The category comprises of motels, hotels, spas, food service providers, beauty salons, and other spaces where guests’ accommodation and other personal needs are catered to. One of the straightforward things that visitors expect at these places is good cleansing and hygiene.

The main driver for the development of the tissues and napkins category is the snowballing consciousness of hand hygiene in workplaces and increasing occurrence of HAIs. At hotels, hospitals, and offices, tissue and napkins are the most used products for hand drying; so, they had over 81% share in the professional hygiene market in the recent past.

Also, the progressions in the tech of making tissues, advent of organic tissue paper and cutting-edge ways of dispensing, increasing incomes, and initiatives of the government to support public health are driving the development of the industry.

The use of tissues in washrooms because of need, overall Westernization of the washroom culture, snowballing consciousness of hygiene and sanitation, and mounting living standard have augmented the requirement for finest sanitary products, for further ease.

It is due to the rising need for hygienic work environment, the demand for professional hygiene solutions will continue to grow in the years to come as well.

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Efficacy Testing is Most Demanded in North America

Efficacy Testing Market

The efficacy testing market will reach a value of USD 507 million by 2030, progressing at 6.10% by the end of this decade.

This is because of the advance in the requirement for an advanced quality and competence of biologics and other drugs. Also, the increasing count of guidelines for product approvals is substantial for this industry. The guidelines of the FDA and numerous other national and regional regulatory agencies addressing the safety of pharma and cosmetic products are rather strict.

The increasing acceptance of the QbD approach by pharma and biotech companies for the reason that of the importance of the stability and efficiency of any drug amongst patients and themselves is a key trend in the healthcare industry.

Numerous companies are accepting this method for ensuring that all the sources of variability affecting a procedure are identified, clarified, and managed with suitable measures and for maintaining the drug quality. This allows the finished medicine to reliably meet the predefined performance characteristics from the start.

North America led the industry with about 52%, in 2022, and it will continue like this in the years to come as well. The key reasons for this growth are the high acceptance rate of cutting-edge techniques and diagnostic tools, highest healthcare and R&D spending, and rising outsourcing of testing processes by pharma and cosmetics companies.

Furthermore, the strong existence of the key service providers makes the market lucrative for players and investors. Besides, stringent regulations for drug development in the U.S. and the increasing government funding and initiatives for startups in life sciences are the other factors increasing the requirement for efficacy testing.

Due to the increasing number of regulations for product approvals has a lot to do with the growing demand for efficacy testing all over the world.