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Thursday, February 25, 2021

Competitive Landscape: Connected Drug Delivery Devices Market Set For Rapid Growth & Trend, By 2027

According to a study of Research Dive, the global connected drug delivery devices market forecast shall cross $1,119.3 million by 2027, growing at a CAGR of 24.6%.

• Connected Drug Delivery Devices Market Analysis:

The connected drug delivery devices mainly deal with patient’s health issues like treatments, medications, and disease management protocols. The connected drug delivery devices are primarily equipped with a sensor that transfers the data to application/ servers via Bluetooth, Near Field Communication (NFC), or any other connectivity platforms.

• Impact Analysis of COVID-19 on Connected Drug Delivery Devices Market:

The global health emergency brought by the spread of coronavirus disease (COVID-19) has created a dramatic impact on the global marketplace. The crucial processes of industries such as logistics & supply-chain, manufacturing of the products, and other activities are disrupted due to communal transmission of the coronavirus. However, the pandemic of the disease may create a considerable impact on the global connected drug delivery devices industry. Leading players operating in the global connected drug delivery devices industry are following strategies such as strategic collaboration, product development, and business expansion, amid the COVID-19 apocalypse. For instance, in April 2020, Aptar Pharma, the largest player in drug delivery systems, announced the alliance with Sonmol, a significant Chinese digital respiratory therapeutics venture, to develop the digital platform for the treatment of chronic respiratory illnesses. The focus of this collaboration will be on to develop connected drug delivery devices for chronic obstructive pulmonary disease (COPD) and asthma suffering patients. These initiatives may offer enormous opportunities for the global connected drug delivery devices market, during the COVID-19 pandemic period.

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The extensive growth of the global connected drug delivery devices market is mainly driven by the rising cases of chronic disorders such as diabetes, asthma, and COPD (chronic obstructive pulmonary disease). For example, as per the study conducted by the World Health Organization (WHO), approximately 90% of COPD deaths occur in the low and middle-income nations. These factors are expected to increase the demand for connected drug delivery technologies, in the forecast period. Moreover, organizations operating in connected drug delivery devices market are launching new products to gain a prominent position in the global industry. For example, in November 2019, LOG pharma, has made an announcement to release IoT-based ‘ActiveGuard’ a smart device to address the issue of lack of patient adherence to prescribed medications. These factors may help the global connected drug delivery devices market to generate noteworthy revenue in the analysis period.

On the other hand, the higher costs associated with advanced connected drug delivery devices is one of the major restraining factors for the global market. Furthermore, lack of awareness among patients about the recent technologies and lower technology penetration in the emerging and low-income economies are anticipated to decrease the demand for connected drug delivery devices market, throughout the projected period.

Contrary to this, The significantly rising adoption of state-of-the-art technologies in the connected drug delivery devices is expected to generate noteworthy revenue, throughout the analysis period. The leading players involved in the connected drug delivery device market are implementing recent technologies to develop highly effective connected drug delivery devices. For instance, in October 2018, Phillips-Medisize, has announced that they have launched a ‘cloud-based data system’ particularly for the drug delivery device developers. Such technological upgradations in the connected drug delivery devices may lead to offer extensive market opportunities in the future.

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The inhalation devices shall generate a revenue of $467.1 million by the end of 2027, increasing at a CAGR of 25.2%, during the forecast period. Increasing strategic tie-ups amongst the ventures along with their heavy spendings in technology innovations are predicted to fuel the growth of the sub-segment, during the review period. Also, the growing patients of COPD and asthma are also bolstering the sub-segment growth. The injectable devices have a significant market share and shall generate a revenue of $652.2 million by 2027, rising at a CAGR of 24.2%, in the review period. Increasing the prevalence of cancer, diabetes may lead to driving the global market, in the analysis timeframe. Furthermore, many companies are coming forward with strategic product launching, to sustain in the global market. For instance, in June 2018, Noble, the pioneer in the development of a patient-centric advanced drug delivery system has announced that they have released AdhereIT, a connected device platform, which is developed to help improve patient experiences by offering real-time feedback for autoinjector training. These factors and advancements are anticipated to propel the growth of the sub-segment, during the analysis period.

The Bluetooth-based connected drug delivery devices market has a lucrative market share, and it will register a revenue of $733.0 million by 2027, rising at a CAGR of 24.8%, in the projected timeframe. The widespread availability of cost-effective connectivity access to smartphones is one of the major factors for the growth of the sub-segment, in the forecast period. Furthermore, the heavy spendings by established players coupled with ongoing research activities on the Bluetooth enabled drug delivery technologies is anticipated to propel the growth of the sub-segment, during the forecast timeframe. The NFC connected drug delivery devices market shall surpass $290.3 million by 2027, increasing at a healthy CAGR of 25.2%; this mainly owing to the extended battery life, excellent accuracy, and superior data transmission.

The connected drug delivery devices market for the Asia-Pacific region will cross $190.3 million by 2027, increasing at a CAGR of 26.3%. Established companies are emphasizing more on collaboration to develop highly advanced connected drug delivery devices. For example, in April 2020, Sonmol company has announced to collaborate with the Aptar group to focus on the connected drug delivery solutions for asthma and COPD (chronic obstructive pulmonary disease) illness. These key factors driving the connected drug delivery devices market in the Asia-Pacific region.

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North-America’s connected drug delivery devices market is projected to grow at a CAGR of 23.6% by generating revenue of $436.5 million by 2027. The presence of leading players such as BD., West Pharmaceutical Services, and Cohero Health, Inc. and their heavey investments in R&D and innovation may lead to flourish the connected drug delivery devices market in the region.

The major ventures in connected drug delivery devices market are AptarGroup Inc., Adherium, Proteus Digital Health, BD, F. Hoffmann-La Roche Ltd, propeller Health, Cohero Health, Inc., Ypsomed AG, Syncro Technology Corp., and West Pharmaceutical Services. To emphasize more on the competitive landscape analysis of established enterprises, the Porter’s five force model is explained in the report.

• Porter’s Five Forces Analysis for Connected drug delivery devices market:

– Bargaining Power of Suppliers: The number of suppliers operating in the global market for connected drug delivery devices is higher. Thus, the switching cost from one supplier to another supplier is projected to be less.
The bargaining power of suppliers is MODERATE.

– Bargaining Power of Buyer: The dependency of connected drug delivery technologies is rising at a constant speed. Therefore, the number of buyers of connected drug delivery devices is high.
Thus, the bargaining power of the buyer is MODERATE

– The Threat of New Entrants: The high cost of the connected drug delivery devices along with high price war in the key players may offer a less threat of new entrants.
Thus, the threat of new entrants is LOW.

– The Threat of Substitutes: There is no any substitute product available in the global market for the connected drug delivery devices.
Thus, the threat of substitutes is LOW

– Competitive Rivalry in the Market: Key players involved in the connected drug delivery devices market are mainly adopting technological innovations, product introduction, and strategic partnerships to grow in the global market.
Thus, the Competitive Rivalry in the Market is HIGH.

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Business Overview: Solid State Transformer Market Sees Promising Growth in 2020

The global solid state transformer (SST) market forecast will reach up to $1,329.7 million in 2027, at a 27.1% CAGR growing from $176.0 million in 2019 as per analysis before the coronavirus outbreak. According to a recent analysis by Research Dive, the COVID-19 outbreak has had a significant impact on the global solid state transformer (SST) market growth and is expected to account for $1,246.4 million in 2027, at a 26.0% CAGR.

• Solid State Transformer (SST) Market drivers:

The global solid state transformer market is majorly driven by increasing concentration on alternative energy production sources along with high investments on the smart grids developments and advancements. In addition, rapid growth in the industrial sector has increased the power consumption rate across the globe due to government favorable initiatives for industrialization and modernization of manufacturing facilities. This factor is also expected to impel the growth of the market in the estimated time. However, huge investments are required for the installation of SST systems, which is expected to be a major restraint for the market growth.

• COVID-19 impact on Solid State Transformer (SST) Market:

The COVID-19 lockdown has a marginal negative impact on the global solid state transformer (SST) market due to global power distribution and transmission industry experiencing challenging time. This is attributed to uncertain revenue because commercial and industrial operations are completely stopped and there is a low demand for electricity except for domestic use.

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However, during this situation, leading market players are adopting several strategies such as new product launches and joint ventures to increase their market share in the overall industry. For example, July 2020, ABB, global leader in technology, launched new Terra 184 electric vehicle chargers in Japan to help the modernization of country’s electric charge vehicle infrastructure. Also, these chargers offer convenient and fast changing options across Japan at anytime and anywhere. This factor will accelerate the market growth in the pandemic period.

• Solid State Transformer (SST) Market, Segmentation Analysis:

The global market is categorized on the basis of product into distribution solid state, power solid state and traction solid state. Among these, power solid state product segment generated the largest market share in 2019 of the solid state transformer market and is predicted to continue its growth in the forecast years. Wide utilization of power solid state transformers at the transmission substations and power generation substations to minimize the load fluctuations will boost the market growth in the forecast years.

The global market is categorized on the basis of application into power grid, electric vehicle charging stations, traction locomotives and alternative power generation. Among these, the alternative power generation segment was the major contributor to the market, with $98.6 million in 2019, and is projected to reach $683.5 million by 2027, at a 25.7% CAGR in the forecast period. Growing focus on energy generation from alternate sources is directly projected to drive the demand for the SST systems in the forecast time. This expected growth is majorly owing to increasing consciousness among the people about air pollution and government initiatives.

• Solid State Transformer (SST) Market, Regional Analysis:

Europe region accounted for a significant market share in 2019, which was 36.9% and is expected to reach up to $470.3 million by 2027. Increasing consumption of electricity in the European countries, especially Germany, France and UK, has augmented the demand for adoption of SST systems in the European region. Germany and UK offer most lucrative opportunities for solid-state transformer provides, as these are the largest consumers of electricity in Europe. These factors will fuel the market growth in the forecast years.

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• Solid State Transformer (SST) Market, Market Players:

The significant manufacturers in the global solid state transformer (SST) market are Schneider Electric, Siemens, Mitsubishi Electric Corporation, ABB, General Electric, Eaton, GRIDBRIDGE, Varentec, Inc., MASCHINENFABRIK REINHAUSEN GMBH and among others. Major manufacturers in global market are concentrating on product developments and joint venture to fortify their presence in the overall market.

Porter’s Five Forces Analysis for Solid State Transformer (SST) Market:

• Bargaining Power of Suppliers: Solid state transformer (SST) market contains huge concentration of large and small & medium size traders and negotiating power is estimated to be high. The price of innovative smart SST systems is fluctuating from one trader to another.
The bargaining power of suppliers is HIGH.

• Bargaining Power of Buyers: Solid state transformer (SST) market has high number of buyers, but cost related to advanced power grids systems is estimated to be huge.
The negotiating power of the buyer is HIGH.

• Threat of new entrants: This market requires huge initial expenditure for the adoption of advanced SST systems and market contains high number of market participants. The risk of new entrants is LOW.

• Threat of substitutes: This market contains higher number of alternative systems and delivers low penetration solid state transformer systems. The risk of replacements is HIGH.

• Rivalry among market players: Solid state transformer (SST) market has high number of leading players. These manufacturers are emphasizing on joint ventures and product advancements to increase their market share in the global industry, thereby, resulting in HIGH competition in the industry.

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Corona Impact: Is Utility Poles Market will Propel at a Defining Pace 2020

The spread of COVID-19 virus all over the world has negatively impacted the global utility poles market. Nevertheless, the market is likely to recover by Q3/Q4 of 2022. The decline in the market growth is mainly due to the shutting down of many industries all across the globe. Governments of various countries are taking initiatives in this unprecedented to provide electricity to the people. For example, the government of Kenya is launching various plans to provide free electricity to all the residents by 2022.

The global utility poles market is likely to observe a decline in the growth rate due to the COVID-19 pandemic all over the world. According to a new report added to Research Dive’s offerings, the global utility poles market is estimated to reach up to $55,360.7 million and grow at a CAGR of 2.7% during the forecast period from 2019 to 2026. Though there is a decline in the growth rate, the industry is projected to recover by Q3/Q4 of 2022. Comprehensive analysis on drivers, restraints, growth opportunities, key segments, and strategies executed by major market players are further provided in the report to wisely understand the pandemic effect on the global market.

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• Key Features of the Market

Our analysts stated that the rising use of poles in electricity and telecommunication sectors are the major factors estimated to boost the growth of global utility poles market during the forecast period. The predicted market size of the global utility poles market post COVID-19 pandemic is $28,296.0 million in 2020, which is a drastic decline from $47,159.9 million before the pandemic situation. However, the shutting down of various industries due to COVID-19 spread and the stringent government rules and regulations are the factors restricting the market growth. On the contrary, the improvements in distribution and transmission network in several regions and growing investments in the power sector are expected to create massive growth opportunities in the global market.

• Strategies & Initiatives to Sustain in the Pandemic

Abrupt stop at construction sites and decreasing use of electricity have impacted the utility poles market to a large extent. The governments of various countries across the globe are under complete lockdown in order to prevent the spread of COVID-19 disease and are investing more in power sector. For instance, the government of Kenya is executing various plans to provide free electricity to the residents by the end of 2022.

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Government is making improvements in construction operations to sustain in this pandemic situation. The governments of many countries have made it a mandate for the buyers to buy electric appliances from government shops in order to help the economic growth of the country. For instance, the government of India has asked the buyers of electricity industry, and DISCOMs, to help country’s economic growth by purchasing the items for the construction purposes. Moreover, many developed countries such as the U.S. are significantly taking more efforts to implement large-scale debt driven measures as compared to the governments of developing countries.

The major players of the global utility poles market include Hill & Smith Holdings Plc, El Sewedy Electric Company, KEC International, Skipper Ltd., Valmont Industries Inc., Omega Factory, Pelco products Inc., Nippon Concrete Industries Co. Ltd., Stella-Jones, FUCHS Europoles GmbH, and RS Technologies Inc.

• Post-Pandemic Scenario

As per the report, the global utility poles market is anticipated to observe a significant growth post-coronavirus pandemic. The growing demand for utility poles owing to the establishing real-time competitive market for electricity and its supply will help the industry to grow exponentially during the forecast period. Besides, the acceptance of composite materials in these poles and their cost-effective nature will boost the growth of the global utility poles market after the end of COVID-19 pandemic.

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Why Circuit Breaker Market May Skyrocket: Study Revealed Which Players May Turn Game

The COVID-19 pandemic has immensely impacted the global circuit breaker market in a negative way. However, the market is expected to recover by Q1/Q2 of 2023. The stringent safety and environmental policies are anticipated to hamper the market growth during the forecast period. The major players of the market are adopting several business strategies such as product launches and technology innovations to sustain in this unprecedented situation.

The global circuit breaker market is likely to witness a decline in the growth rate owing to the COVID-19 pandemic all across the globe. According to a new research report published by Research Dive, the global circuit breaker market is anticipated to reach $20.6 billion and grow at a CAGR of 6.5% in the forecast period from 2019 to 2026.

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Though there is a decline in the growth rate, the market is projected to recover by the end of Q1/Q2 of 2023. Comprehensive analysis on drivers, growth opportunities, restraints, vital segments, and strategies implemented by major market players are further provided in the report to better understand the pandemic effect on the global industry.

• Key Features of the Market

Our analysts stated that the extensively growing demand from the commercial sector and the increasing emphasis on the smart cities all over the world are the major factors boosting the growth of global circuit breaker market.

The predicted market size of the circuit breaker market post COVID-19 pandemic is $9.9 billion in 2020, which is a drastic decline from $14.8 billion before the pandemic situation.

On the contrary, the growing global spending on smart city initiatives are anticipated to raise the need for circuit breakers, thereby, sustaining the market growth during the forecast period.

• Sustaining in the Pandemic Situation

The major players of the global circuit breaker market include Schneider Electric, Siemens, Eaton, ABB, Toshiba Corporation., Mitsubishi Electric Corporation, Hitachi Industrial Equipment Systems Co., Ltd., Powell Industries, and GENERAL ELECTRIC. These players are adopting several business strategies such as technological advancements and product innovations to grow exponentially during the forecast period.

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Phoenix Contact launched a thermomagnetic circuit breaker in March 2020. The highly advanced circuit breakers are majorly useful to protect electrical MCC Panels. Execution of such strategies are helping the global market to sustain during the COVID-19 crisis.

• Post-Pandemic Scenario

As per the report, the global circuit breaker market is anticipated to witness a noteworthy growth post-coronavirus pandemic. The growing urban infrastructure mainly in the developed countries is a major factor impelling the growth of global circuit breaker market during the forecast period. In addition, the need for the prevention of over-heating of components and wires will eventually increase, which will help to drive the growth of the market during after COVID-19 pandemic.

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What are the Neuromodulation Devices Market Key Insights and COVID-19 Business Impact?

The neuromodulation devices market is predicted to grow significantly in the forecast period despite of the pandemic COVID-19 situation. The growth for the market is predicted due to rise in the prevalence of the chronic diseases across the globe. Mostly, people use to be dependent on various dugs and medication to cure themselves where the patient curing success ratio was very less as compared to neurological treatment. The hospitals are struggling as the disease is spreading more than the production of masks, sanitizers, ventilators and tests. The neuromodulation devices are predicted to treat the corona patients and the process is under trial. SARS-Cov2 is likely to be responsible for acute respiratory failure and are treated with the help of neuromodulation devices.

At the pandemic situation many firms are under process for getting a device to cure corona virus with the help of a type in neuromodulation device. Vagus nerve stimulation is a type of neuromodulation device which can be treated through nerves which connects bidirectional to various organs, which includes even lungs. So, vagus nerve stimulation are under trial and are mostly used to lessen pain that occurs because of corona virus and the patient is predicted to recover within 15 days.

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Our report includes:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

as per a new report published by research dive, the global neuromodulation devices market is set to generate a revenue of $ 26,418.6 by 2026, at a cagr of 19.7% during the forecast period from 2019 to 2026.

The segmentation of the market has been done on the basis of type, application, end user and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, increasing prevalence’s of chronic diseases such as depression, epilepsy, spinal problem and other diseases among the population is predicted to boost the neuromodulation devices market. Moreover, the cost involved in treating neurological diseases is very high, which is predicted to hinder the neuromodulation devices market in the forecast period.

• Cheddar type segment is predicted to be most lucrative

Depending on type, the neuromodulation devices market is segmented into internal neuromodulator and external neuromodulator. Internal Neuromodulation segment accounted for $3,647.5 million in 2018 and is predicted to grow with a CAGR of 19.4% in the forecast period. Internal neuromodulation is the most cost effective and is the most effective way of treating chronic pain, tremor, and several diseases, which is predicted to boost the internal neuromodulation segment in the forecast period.

• Supermarket distribution channel is predicted grow immensely in the forecast period

Depending on application, the neuromodulation devices market is segmented into spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electrical nerve stimulation, repetitive transcranial magnetic stimulation, respiratory electrical stimulation and others. Spinal cord stimulation segment was accounted for $1,193.7 million in 2018 and is predicted to grow with a CAGR of 18.9% in the forecast period. The neuromodulation devices are mostly used for the treatment of the spinal cord treatment across the globe is predicted to boost the spinal cord stimulation segment in the forecast period.

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• Hospital end use segment is predicted to have the highest share in the forecast period

Depending on end use, the neuromodulation devices market is segmented into clinical, hospital and home health care. Hospital segment accounted for $3,382.2 million in 2018 and is predicted to grow with a CAGR of 19.3% in the forecast period.

• Geographical Analysis and Major Market Players

On the basis of region, the global disaster recovery as a service market is segmented into North America, Europe, Asia Pacific, and LAMEA. Asia-Pacific market is predicted to grow with a CAGR of 19.7% in the forecast period by generating a revenue of $26,418.6 million by 2026.Increasing cases of neurological disorders, increasing investment in private & public hospitals & clinics with government initiatives is predicted to boost the overall market in the forecast period.

The major key players in the neuromodulation devices market are Boston Scientific Corporation, Neuronetics, Inc., Beijing PINS Medical Co., Ltd., Neuropace Inc. Bioness Inc., Nevro Corporation, LivaNova Plc, Abbott Laboratories and Medtronic Plc among others.

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Early Impacts of COVID-19 on Surgical Power Tools Market Trends and Future Dynamics 2027

The tragic episode of the COVID-19 pandemic has created a positive impact on the global surgical power tools market growth in 2020. Rising demand for the treatment of diseases associated with the geriatric in the course of the COVID-19 pandemic is shoving the growth of the market. Analysts have predicted that the market will perceive continuous growth after the end of the COVID-19 disaster.

• A glance at the Market Scenario Before and After COVID-19 Pandemic:

The latest report published by Research Dive on the global surgical power tools reveals the impact of COVID-19 pandemic on market growth. Before the rise of the pandemic, the market was expected to grow at a CAGR of 5.8% from 2020 to 2027. However, the sudden outburst of the COVID-19 pandemic has fueled market growth. Market experts have estimated that the market will grow at a growth rate of 6.4%, post-COVID-19 upheaval. The market is anticipated to perceive growth owing to the mounting demand for increasing adoption of surgical power tools in the healthcare industry due to enhanced reliability and better performance during the course of the pandemic.

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• Current Face of the Market during COVID-19 Crisis:

Previously, the global surgical power tools market was anticipated to garner a revenue of $2,068.0 million in 2020. However, in the present situation, i.e., in 2020, the market size has reached up to $2,103.4 million.

Surgical power tools are instruments that rely on mini motors for optimal surgical performance. These instruments are electrically operated and are used primarily for the treatment of implants during orthopedic surgery. Besides, battery-operated and manual drill saw systems are available with these power tools to break bones during operations. Due to longer life cycles, increased reliability, and better performance, substantial growth of the global market is mainly due to the increasing acceptance of surgical instruments in the medical industry.

• Post COVID-19 Scenario of the Market:

According to analysts, the global surgical power tools market is projected to observe substantial growth in 2020 and will continue to grow at a significant growth rate after the end of the COVID-19 pandemic. The Digital Surgery Company (privately-held) was acquired in February 2020 by Medtronic, one of the most prominent fabricators of surgical instruments, which specializes in digital devices manufacturing. Such partnerships will contribute to the development of the global market for operational power tools within the time period of the study. Moreover, governments worldwide are expected to help the regulatory structure to raise the demand for business devices on the global market.

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As a result, cumulative investments and rising advancements in the surgical power tools are projected to unlock massive opportunities and thrust the growth of the global surgical power tools market, post-COVID-19 pandemic.

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The COVID-19 Fallout: Medical Marijuana Market Key Growth Factors and Opportunities in 2020-2027

The worldwide spread of COVID-19 has adversely affected the global medical marijuana market. Nevertheless, the market is likely to recover by Q3/Q4 of 2022. The inadequate information regarding cannabis in most of the emerging countries is predicted to restraint the market growth in the forecast period. Many vaccine manufacturers are taking efforts to develop vaccination through medical marijuana to help treat COVID-19 and other diseases. For instance, Cresco labs has acquired four dispensaries in Ohio to expand their medical cannabis business.

The global medical marijuana market is likely to observe a decline in the growth rate due to the COVID-19 pandemic all over the world. According to a new research report published by Research Dive, the global medical marijuana market is estimated to reach up to $33,211.7 million and grow at a CAGR of 27.4% during the forecast period from 2019 to 2026. Though there is a decline in the growth rate, the market is anticipated to recover by the end of Q3/Q4 of 2022. Comprehensive analysis on drivers, growth opportunities, restraints, vital segments, and strategies implemented by major market players are further provided in the report to better understand the pandemic effect on the global industry.

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• Key Features of the Market

– Our analysts stated that the government initiatives to legalize cannabis to treat several chronic diseases is a major factor boosting the growth of global medical marijuana market.

– The predicted market size of the medical marijuana industry post COVID-19 pandemic is $5,813.9 million in 2020, which is a drastic decline from $7,751.9 million before the pandemic situation.

– However, the illegal selling and use of cannabis for recreational activities is a major threat for the market growth in the coming future.

– On the contrary, the major players and manufacturers of the industry are investing more in research & development to develop vaccination with cannabis, which is expected to create enormous growth opportunities in the global market.

• Strategies of Market Players to Sustain in Pandemic Situation

The major players of the medical marijuana market include ABcann Medicinals, Inc., Aphria, Inc., Aurora Cannabis, Inc., Canopy Growth Corporation, Emerald Health Therapeutics, Cannabis Sativa Inc., GW Pharmaceuticals, Green Relief Inc., mCig, and Insys Therapeutics, Inc. These players are adopting multiple strategies such as R&D activities, partnerships, and geographical expansion to sustain in this pandemic situation. For instance, Cresco labs has expanded their business by acquiring four dispensaries in Ohio medical cannabis market.

In addition, various companies in Canada and Israel are involved in developing drug or vaccination by making use of medical marijuana as a prevention and treatment strategy for COVID-19 disease.

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• Post-Pandemic Scenario

As per the report, the global medical marijuana market is anticipated to witness noteworthy growth post-coronavirus pandemic. The government initiatives to legalize marijuana and rising adoption of cannabis in treatment of various diseases are significant factors expected to fuel the growth of the global market post the pandemic situation. For instance, the legal marijuana business in the U.S. is creating jobs & opportunities with about 9,397 licenses that includes for cultivators and manufacturers’ deliverers and labs. In addition, the increase in number of clinical trials with cannabis to treat chronic and neuropathic pain is a major indicator likely to create investment opportunities for the market players in the forecast period.

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What Is the Impact of COVID-19 on Antidiabetics Market During Projected Period of 2020-2027?

The coronavirus pandemic has impacted the global Antidiabetics market in a positive way. Unavailability of cure for diabetes and vulnerability of diabetic patients to COVID-19 has enhanced the demand for anti-diabetic drugs across the global. Leading players of the market are predicted to unlock vibrant opportunities for the growth of the market in the forthcoming years by taking various initiatives.

The latest research report on the global antidiabetics market by Research Dive reflects the influence of COVID-19 pandemic on the present and forthcoming growth of the global market. This report is a professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 catastrophe.

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• Highlights of the Report

The global antidiabetics market has witnessed remarkable growth in the previous years. The sudden outbreak of coronavirus has impacted the market bringing even more chances of growth. As per the report, the global antidiabetics industry is expected to register a revenue of $148.3 by 2027, growing at a CAGR of 11.1% during the forthcoming years. In the current situation, the market has garnered $70.9 million because of the growing demand of anti-diabetic drugs.

• Factors Driving the Market Growth amid COVID-19 Pandemic

As per our analysts, the growing cases of diabetes and non-availability of the permanent cure for diabetes has compelled people to adopt anti-diabetics drug. Moreover, people with diabetes are more vulnerable to coronavirus. These are the factors driving the growth of global antidiabetics market.

• Current COVID-19 Impacted Scenario of the Market:

The leading players of the market are focused on developing new, innovative strategies to sustain the market growth.

In February 2020, Oramed, is a clinical pharmaceutical organization concentrated on the advancement of drug delivery system, has announced found positive data from its oral insulin “ORMD-0801” while conducting efficacy and safety trails at lower dosage regimens. ORMD-0801 is the first commercially accessible oral insulin tablet for the diabetic treatment.

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• Future Scope of the Market:

According to the report, the global antidiabetics market is projected to maintain a sustainable growth post the pandemic.

New entrants and leading players including Eli Lilly and Company, Sanofi, Johnson & Johnson Services, Inc., Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, Halozyme, Inc., Merck Sharp & Dohme Corp., Novartis AG, Bristol-Myers Squibb Company, Oramed and Pfizer Inc. among others.

The report also summarizes other important aspects of the key players including financial performance, product portfolio, SWOT analysis, and recent strategic moves and developments.

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How COVID-19 Pandemic Will Impact on Neonatal Ventilator Market Growth and Demand in 2020 and Coming Future?

The novel coronavirus (COVID-19) pandemic has positively impacted the global neonatal ventilator market. According to the World Health Organization (WHO), the world population aged 40 years and above are more prone to serious respiratory problems owing to coronavirus infection. In addition, these patients are needed to be treated with ventilator to overcome respiratory problems owing to which infection can be cured and treated. Thus, soon after the COVID-19 outbreak, many manufacturers all across the globe are entering into joint agreements to produce a large number of ventilators. Moreover, the government of various countries are taking initiatives to support the business during this pandemic situation. During this unprecedented situation, we at Research Dive are helping our clients in understand the impact of COVID-19 on the market.

Our report includes:
• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/197

a new report by research dive states that the global neonatal ventilator market is set to grow at a cagr of 7.1% and is projected to garner a revenue of $495.3 billion during the period of forecast from 2019 to 2026.

The global market is segmented on the basis of product type, mode of ventilation, mobility type, technology, end user, and region. The report delivers in-depth insights on opportunities, vital segments, restraints, drivers, and prominent players of the global market. Our analysts stated that the growing prevalence of smoking, an increase in aged population, growing attentiveness related to technological development, and improvement in healthcare centers are the significant factors boosting the growth of global neonatal ventilator market. Conversely, high costs associated with neonatal ventilator system is expected to hamper the market growth during the forecast period. Moreover, growing prevalence of respiratory and neurological diseases and rising healthcare expenditure are likely to create enormous growth opportunities in the global industry in the coming years.

• Non-Invasive Ventilation Segment to Subjugate the Industry

On the basis of product type, the global market for neonatal ventilator is segmented into non-invasive and invasive ventilation. The non-invasive ventilation subjugated the overall market in 2018 and is expected to reach up to $163.5 billion during the forecast period. The dominance of this segment is attributed to growing adoption of non-invasive ventilators as it provides benefits such as increased tolerance, no requirement of skilled employee to operate, availability outside of ICU, convenient to use, and reduced cost.

• Combined Mode of Ventilation to Grow Exponentially

Depending on the mode of ventilation, the global industry is segmented into volume mode, combined mode, pressure mode, and others. The combined mode of ventilation segment is anticipated to rise at a CAGR of 7.7% and projected to garner $93.3 billion revenue during the period of forecast. This growth is mainly owing to increased versatility, auto PEEP, safe usage, reduced time for mechanical ventilation, decreased need of human manipulation, and prevention from causing Tachypnea.

• High Frequency Ventilator to Expand at Fastest Rate

Based on the technology, the neonatal ventilator market is segmented into mechanical ventilator, hybrid ventilator, volume targeted ventilator, and high frequency ventilator. Of these, the high frequency ventilator segment is estimated witness the fastest growth with 7.9% CAGR and is expected to surpass $147.3 billion by 2026. Decreased frequency and increased oxygenation, fresh gas flow, and amplitude are expected to boost the need for high frequency ventilator and thereby propel the segmental market growth in the coming future.

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• Portable/Transportable Ventilator Segment to Witness Considerable Growth

On the basis of mobility type, the global market for neonatal ventilator market is segmented into portable/transportable ventilators and intensive care ventilators. The portable/transportable ventilators segment is expected to generate $181.3 billion and grow at a CAGR of 7.7% during the forecast period. On the other hand, the intensive care ventilator are extensively used due to its beneficial factors such as advanced installation of caps, leak compensation, and proximal flow sensor that rises the precision of measurement.

• Clinical Segment to be Most Lucrative

Based on the end use, the global neonatal ventilator industry is segmented into ambulatory surgical centers, clinics, hospitals, and others. The clinics segment accounted for $34.6 billion in 2018 and is estimated to rise at a CAGR of 8.1% during the period of forecast. This segment is projected to garner a revenue of $64.1 billion by 2026 owing to growing prevalence of respiratory and neurological diseases.

• North America Region to Dominate the Market

Depending on the region, the global industry is bifurcated into North America, LAMEA, Asia Pacific, and Europe. The North America region dominated the global neonatal ventilator market in 2018 and is estimated to surpass $247.6 billion by the end of 2026. This is primarily owing to high purchase power, technological advancements, and government initiatives for creating awareness amongst people in this region. On the other hand, the Asia Pacific market for neonatal ventilator is estimated to witness noteworthy growth during the forecast period.

• Major Market Players

Some of the key players functioning in the global neonatal ventilator market include Becton, Philips Healthcare, ResMed, Drager, Fisher & Paykel, Hamilton Medical Devices, Allied Healthcare Products, Air Liquide Medical Devices, Smiths Medical, and Getinge AB.

Look for more statistical info at: https://www.prnewswire.com/news-releases/covid-19-impact-on-global-neonatal-ventilator-market–research-dive-301065038.html

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Thursday, February 25, 2021

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• Impact Analysis of COVID-19 on Connected Drug Delivery Devices Market:

• Porter’s Five Forces Analysis for Connected drug delivery devices market:

• Solid State Transformer (SST) Market drivers:

• COVID-19 impact on Solid State Transformer (SST) Market:

• Solid State Transformer (SST) Market, Segmentation Analysis:

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Porter’s Five Forces Analysis for Solid State Transformer (SST) Market:

• Key Features of the Market

• Strategies & Initiatives to Sustain in the Pandemic

• Post-Pandemic Scenario

• Key Features of the Market

• Sustaining in the Pandemic Situation

• Post-Pandemic Scenario

• Cheddar type segment is predicted to be most lucrative

• Supermarket distribution channel is predicted grow immensely in the forecast period

• Hospital end use segment is predicted to have the highest share in the forecast period

• Geographical Analysis and Major Market Players

• A glance at the Market Scenario Before and After COVID-19 Pandemic:

• Current Face of the Market during COVID-19 Crisis:

• Post COVID-19 Scenario of the Market:

• Key Features of the Market

• Strategies of Market Players to Sustain in Pandemic Situation

• Post-Pandemic Scenario

• Highlights of the Report

• Factors Driving the Market Growth amid COVID-19 Pandemic

• Current COVID-19 Impacted Scenario of the Market:

• Future Scope of the Market:

• Non-Invasive Ventilation Segment to Subjugate the Industry

• Combined Mode of Ventilation to Grow Exponentially

• High Frequency Ventilator to Expand at Fastest Rate

• Portable/Transportable Ventilator Segment to Witness Considerable Growth

• Clinical Segment to be Most Lucrative

• North America Region to Dominate the Market

• Major Market Players