Category: Press Release

The global Allergy Immunotherapy market is projected to be valued at USD 5.74 Billion by 2033, recording a CAGR of around 9.04% during the forecast period. Allergy immunotherapy, also known as allergy shots or allergen immunotherapy, is a medical treatment that aims to reduce or eliminate the symptoms of allergies by desensitizing the immune system to specific allergens. It involves administering gradually increasing doses of allergens, such as pollen, dust mites, pet dander, or insect venom, to a person with allergies to stimulate the immune system to develop tolerance and reduce the body’s allergic response to these allergens.

The COVID-19 pandemic has heightened awareness about respiratory health and the importance of managing allergies and asthma effectively. As people have become more conscious about maintaining good respiratory health to reduce their risk of respiratory infections, including COVID-19, they may be more motivated to seek appropriate medical care, including allergy immunotherapy, to manage their allergy symptoms effectively.

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Segmental Analysis

The global Allergy Immunotherapy market has been segmented based on Treatment Type, Allergy Type, Distribution Channel, and region.

Based on the Treatment Type, the Allergy Immunotherapy market is segmented based on Subcutaneous Immunotherapy (SCIT) and Sublingual Immunotherapy (SLIT). Subcutaneous Immunotherapy (SCIT) is expected to have the largest market share throughout the forecast period.

Based on Allergy Type, the global Allergy Immunotherapy market has been divided into Allergic rhinitis, Allergic asthma, and Others. The Allergic asthma segments are anticipated to dominate the market.

Based on Distribution Channel, the global Allergy Immunotherapy market has been divided into Hospital Pharmacies, Retail Pharmacies, and Online pharmacies. The Hospital Pharmacy segments are anticipated to dominate the market.

Regional Analysis

The Allergy Immunotherapy market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America region includes countries such as the United States and Canada, which have a significant market for allergy immunotherapy due to the high prevalence of allergies and allergic conditions in the population. Europe region includes countries such as the United Kingdom, Germany, France, and Italy, which also have a substantial market for allergy immunotherapy due to the prevalence of allergies and the availability of advanced healthcare facilities. The Asia-Pacific region includes countries such as China, Japan, South Korea, and India, which have large populations and a growing awareness about allergies and their management, leading to an increasing demand for allergy immunotherapy. Latin America region includes countries such as Brazil, Mexico, and Argentina, where the market for allergy immunotherapy is also growing due to increasing awareness about allergies and the need for effective treatment options. Middle East region includes countries such as Saudi Arabia, UAE, and Qatar, where the prevalence of allergies is also increasing, leading to a growing demand for allergy immunotherapy. Africa region includes countries such as South Africa, Nigeria, and Kenya, where the market for allergy immunotherapy is also growing as awareness about allergies and access to healthcare services improve.

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The global Diagnostic Imaging Services market is projected to be valued at USD 601.23 Billion by 2033, recording a CAGR of around 4.25% during the forecast period. Diagnostic imaging services refer to various medical procedures that use advanced imaging techniques to create visual representations of the internal structures and functions of the body. These images can be used by healthcare professionals to diagnose and monitor various medical conditions, assess the effectiveness of treatment, and guide surgical interventions. Diagnostic imaging services typically involve the use of specialized equipment and technologies, such as X-rays, computed tomography (CT) scans, magnetic resonance imaging (MRI) scans, ultrasound, nuclear medicine, and other imaging modalities. These services are performed by trained radiologists or other qualified healthcare professionals and may be conducted in hospitals, clinics, or other medical facilities. Diagnostic imaging services play a crucial role in modern medicine, aiding in the detection, diagnosis, and management of a wide range of diseases and conditions across different medical specialties.

The pandemic has also spurred technological advancements in the field of diagnostic imaging services. For instance, advancements in artificial intelligence (AI) and machine learning have been utilized to develop algorithms for faster and more accurate detection of COVID-19-related findings in imaging studies. Additionally, there has been a growing interest in the use of portable and handheld imaging devices that can be used at the point of care, providing faster and more convenient imaging solutions, particularly in remote or underserved areas.

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Segmental Analysis

The global Diagnostic Imaging Services market has been segmented based on Imaging Modality, Application, End-user, and region.

Based on the Imaging Modality, the Diagnostic Imaging Services market is segmented based on X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), Nuclear Imaging, and Others. Computed Tomography (CT) is expected to have the largest market share throughout the forecast period.

Based on Application, the global Diagnostic Imaging Services market has been divided into Cardiology, Gynecology/OBS, Oncology, Orthopedics & Musculoskeletal, Neurology & Spine, and General Imaging. The Oncology segments are anticipated to dominate the market.

Based on End-user, the global Diagnostic Imaging Services market has been divided into Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others. The Hospitals segments are anticipated to dominate the market.

Regional Analysis

The Diagnostic Imaging Services market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America, including the United States and Canada, is a prominent market for Diagnostic Imaging Services, driven by factors such as advanced healthcare infrastructure, high healthcare expenditure, favorable reimbursement policies, and a large aging population with a high prevalence of chronic diseases. Europe, comprising countries such as Germany, France, the UK, and Italy, is another significant market for Diagnostic Imaging Services. The region has well-established healthcare systems, advanced imaging technologies, and increasing adoption of digital health solutions, driving the demand for diagnostic imaging services. The Asia-Pacific region, including countries like China, Japan, India, and Australia, is expected to witness significant growth in the Diagnostic Imaging Services market. Factors such as rising healthcare expenditure, increasing awareness about early diagnosis and disease monitoring, and improving healthcare infrastructure are driving the demand for diagnostic imaging services in this region. Latin America, including countries like Brazil, Mexico, and Argentina, is also a growing market for Diagnostic Imaging Services. The region has an increasing prevalence of chronic diseases, a growing healthcare infrastructure, and a rising focus on early diagnosis and disease management, contributing to the demand for diagnostic imaging services. The Middle East, including countries like Saudi Arabia, UAE, and Qatar, is witnessing rapid growth in the healthcare sector, with investments in advanced imaging technologies and infrastructure. Africa is an emerging market for Diagnostic Imaging Services, with improving healthcare infrastructure and increasing awareness about the importance of early diagnosis and disease management.

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The global Healthcare Analytics market is projected to be valued at USD 167.62 Billion by 2033, recording a CAGR of around 21.41% during the forecast period. Healthcare analytics can be applied in various areas of healthcare, including clinical care, population health management, healthcare operations, financial management, and strategic planning. It can help healthcare organizations identify patterns and trends in patient data to improve clinical outcomes, optimize resource allocation, enhance patient satisfaction, and reduce costs. Healthcare analytics can also support population health initiatives, such as identifying high-risk populations, predicting disease outbreaks, and designing targeted interventions. Additionally, healthcare analytics can aid in monitoring and improving the performance of healthcare systems, identifying opportunities for process improvement, and supporting strategic planning and decision-making at both the organizational and policy levels.

The COVID-19 pandemic has had a significant impact on the Healthcare Analytics market. The pandemic has highlighted the need for robust data analytics and insights to support decision-making in the healthcare industry, as healthcare organizations worldwide faced unprecedented challenges in managing the pandemic and its impact on patient care, resource allocation, and population health management.

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Segmental Analysis

The global Healthcare Analytics market has been segmented based on Type, Application, End-Use, and region.

Based on the Type, the Healthcare Analytics market is segmented based on Descriptive Analysis, Predictive Analysis, and Prescriptive Analysis. Descriptive Analysis is expected to have the largest market share throughout the forecast period.

Based on Application, the global Healthcare Analytics market has been divided into Clinical, Financial, Operational, and Administrative. The Clinical segments are anticipated to dominate the market.

Based on End-Use, the global Healthcare Analytics market has been divided into Healthcare Payers, Healthcare Providers, and Life Science Companies. The Healthcare Providers segments are anticipated to dominate the market.

Regional Analysis

The Healthcare Analytics market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America, including the United States and Canada, is a significant market for Healthcare Analytics, driven by factors such as advanced healthcare infrastructure, high healthcare expenditure, and increasing adoption of digital health technologies. Europe, comprising countries such as Germany, France, the UK, and Italy, is another prominent market for Healthcare Analytics. The region has well-established healthcare systems, advanced data analytics capabilities, and increasing adoption of electronic health records (EHRs) and digital health solutions, driving the demand for Healthcare Analytics solutions. The Asia-Pacific region, including countries such as China, Japan, India, and Australia, is expected to witness significant growth in the Healthcare Analytics market. Factors such as rising healthcare expenditure, increasing adoption of healthcare IT solutions, and growing awareness about the benefits of data-driven decision-making in healthcare. Latin America, including countries like Brazil, Mexico, and Argentina, is also a growing market for Healthcare Analytics. The region has a rising focus on improving healthcare outcomes, increasing the adoption of digital health technologies, and growing awareness about the use of data analytics in healthcare decision-making, contributing to the demand for Healthcare Analytics solutions. The Middle East, including countries Saudi Arabia, UAE, and Qatar, is witnessing rapid growth in the healthcare sector, with investments in healthcare IT infrastructure and digital health solutions. Africa is an emerging market for Healthcare Analytics, with improving healthcare infrastructure and increasing adoption of digital health technologies.

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The global Heart Rate Monitor market is projected to be valued at USD 45.72 Billion by 2033, recording a CAGR of around 13.82% during the forecast period. Heart rate monitors may display heart rate data in various formats, including beats per minute (BPM), percentage of maximum heart rate, or as heart rate zones that indicate different levels of exercise intensity. Some heart rate monitors may also include additional features such as tracking steps, distance, calories burned, sleep patterns, and connectivity with other devices or apps for data analysis and tracking.

The COVID-19 pandemic had a devastating effect on the global Heart Rate Monitor market. With lockdowns and travel restrictions preventing people from going to gyms, many consumers have been unable to purchase these popular fitness devices. Additionally, manufacturers and retailers have faced supply chain disruptions due to the pandemic, leading to decreased production and sales of heart rate monitors.

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Segmental Analysis

The global Heart Rate Monitor market has been segmented based on Product, End Users, Indication, and region.

Based on the Product, the Heart Rate Monitor market is segmented based on Wearable and Non-Wearable. Wearable is expected to have the largest market share throughout the forecast period.

Based on End Users, the global Heart Rate Monitor market has been divided into hospitals and Clinics, Sports Medicine Centers, Professionals, and Individuals. The Sports Medicine Centers segments are anticipated to dominate the market.

Based on Indication, the global Heart Rate Monitor market has been divided into Sports and Medical. The Sports segments are anticipated to dominate the market.

Regional Analysis

The Heart Rate Monitor market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America, which includes the United States and Canada, is one of the major markets for Heart Rate Monitors. However, during the pandemic, there may have been a decline in demand for Heart Rate Monitors as people were confined to their homes and had limited opportunities for outdoor or gym activities. Europe, including countries such as the United Kingdom, Germany, France, and Italy, also experienced significant impacts from the pandemic. Lockdowns, social distancing measures, and reduced physical activity levels may have resulted in decreased demand for Heart Rate Monitors in this region as well. Asia-Pacific, which includes countries such as China, Japan, South Korea, and India, is another major market for Heart Rate Monitors. However, the pandemic may have impacted this region differently, with some countries experiencing strict lockdowns and reduced demand, while others may have seen a quicker recovery due to effective control measures. Latin America, including countries such as Brazil, Mexico, and Argentina, has also been significantly affected by the pandemic. Economic challenges, reduced consumer spending, and disruptions in supply chains may have resulted in a decline in the demand for Heart Rate Monitors in this region. The Middle East, including countries such as UAE, Saudi Arabia, and Qatar, has also been impacted by the pandemic. Reduced physical activity levels due to lockdowns, social distancing measures, and economic challenges may have led to decreased demand for Heart Rate Monitors in this region. Africa, including countries such as South Africa, Nigeria, and Kenya, may have also experienced negative impacts on the Heart Rate Monitor market due to the pandemic.

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The global Mental Health Software Devices market is projected to be valued at USD 17.61 Billion by 2033, recording a CAGR of around 16.30% during the forecast period. Mental health software devices refer to technological tools, applications, or platforms that are designed to support mental health assessment, diagnosis, treatment, monitoring, and management. These software devices can be used by mental health professionals, caregivers, or individuals themselves to address mental health concerns, promote mental well-being, and enhance mental health care delivery. Mental health software devices are designed to complement traditional mental health care approaches and can offer additional tools and resources for mental health assessment, diagnosis, treatment, and management. However, they should not replace professional medical advice or care and should be used in consultation with qualified mental health professionals.

The COVID-19 pandemic has increased the demand for mental health services, including the use of mental health software devices, it has also presented challenges and disruptions to the global Mental Health Software Devices market due to various factors such as changes in healthcare delivery, economic constraints, regulatory challenges, and shifting patient preferences. However, the long-term impact of the pandemic on the market may continue to evolve as the situation unfolds and healthcare systems and economies recover.

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Segmental Analysis

The global Mental Health Software Devices market has been segmented based on Component, Functionality, End Users, and region.

Based on the Component, the Mental Health Software Devices market is segmented based on Software and Devices. Software is expected to have the largest market share throughout the forecast period.

Based on Functionality, the global Mental Health Software Devices market has been divided into Clinic, Administrative, and Financial. The Clinic segments are anticipated to dominate the market.

Based on End Users, the global Mental Health Software Devices market has been divided into Providers, Payers, and Patients. The Providers’ segments are anticipated to dominate the market.

Regional Analysis

The Mental Health Software Devices market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The Mental Health Software Devices market in North America is driven by factors such as the rising prevalence of mental health disorders, increased investments in mental health programs, and the availability of advanced healthcare facilities. Europe has a well-developed healthcare system and a growing focus on mental health awareness and treatment. Factors such as increasing government initiatives for mental health, rising healthcare expenditure, and a growing aging population are driving the growth of the Mental Health Software Devices market in Europe. Asia-Pacific is a rapidly growing market for mental health software devices due to factors such as increasing awareness about mental health, rising disposable income, and a large population base. Latin America is witnessing a growing demand for mental health software devices due to factors such as increasing healthcare investments, rising awareness about mental health issues, and improving healthcare infrastructure. The Mental Health Software Devices market in the Middle East is driven by factors such as increasing healthcare expenditure, rising awareness about mental health, and government initiatives to improve mental healthcare services. The Mental Health Software Devices market in Africa is driven by factors such as increasing awareness about mental health, improving healthcare infrastructure, and rising investments in mental health programs.

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The global Pharmacogenomics market is projected to be valued at USD 15.70 Billion by 2033, recording a CAGR of around 8.66% during the forecast period. Pharmacogenomics is a branch of medicine and genetics that studies how an individual’s genetic makeup influences their response to drugs. It involves the study of how genetic variations or mutations affect the way a person’s body processes, metabolizes, and responds to medications. Pharmacogenomics aims to understand how genetic differences can impact drug efficacy, safety, and dosing, and how this knowledge can be used to optimize drug therapy for individual patients.

The COVID-19 pandemic had a significant impact on the pharmacogenomics market. The urgent need for effective treatments and vaccines for COVID-19 has accelerated research in the field of pharmacogenomics, as genetic factors are known to influence individual responses to medications. This increased research may lead to the identification of genetic markers that can predict medication effectiveness and safety, which could impact personalized treatment strategies. The development of targeted therapies for COVID-19 may also be influenced by pharmacogenomics, as understanding genetic factors can help optimize treatment approaches. Additionally, the pandemic may have highlighted the importance of personalized medicine and the use of pharmacogenomics in tailoring treatments to individual patients, leading to increased adoption of pharmacogenomic testing in clinical practice. However, it’s important to note that the exact impact of the pandemic on the pharmacogenomics market would depend on various factors, including ongoing research, regulatory changes, and market dynamics, which may evolve.

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Segmental Analysis

The global Pharmacogenomics market has been segmented based on Technology, Application, End User, and region.

Based on the Technology, the Pharmacogenomics market is segmented based on Next Generation Sequencing, Polymerase Chain Reaction, Gel electrophoresis, Mass Spectrometry, Microarray, and Others. Next Generation Sequencing is expected to have the largest market share throughout the forecast period.

Based on Application, the global Pharmacogenomics market has been divided into Cardiovascular disease, Infectious diseases, Oncology, Neurological diseases, Psychiatry, and Others. The Infectious diseases segments are anticipated to dominate the market.

Based on End Users, the global Pharmacogenomics market has been divided into Hospitals and clinics, Research institutions, and Academic institutes. The Hospitals and clinics segments are anticipated to dominate the market.

Regional Analysis

The Pharmacogenomics market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America, including the United States and Canada, is a prominent market for pharmacogenomics due to its advanced healthcare infrastructure, robust research and development activities, and a high prevalence of chronic diseases that may benefit from personalized medicine approaches. Europe, including countries such as the United Kingdom, Germany, France, and others, is another significant market for pharmacogenomics. The region has a well-established healthcare system, favorable government initiatives, and increasing awareness about personalized medicine, which may drive the adoption of pharmacogenomic testing. The Asia-Pacific region, including countries like China, Japan, India, and others, is expected to witness significant growth in the pharmacogenomics market. Factors such as a large patient population, increasing healthcare expenditure, and rising awareness about personalized medicine are driving the demand for pharmacogenomic testing in the region. Latin America, including countries like Brazil, Mexico, and others, is also a growing market for pharmacogenomics. The region has a rising prevalence of chronic diseases and an increasing focus on precision medicine, which may drive the adoption of pharmacogenomic testing. The Middle East, including countries like Saudi Arabia, UAE, and others, is witnessing an increasing adoption of pharmacogenomics in recent years. The region has a growing awareness of personalized medicine and an increasing demand for advanced healthcare technologies, including pharmacogenomics. Africa is an emerging market for pharmacogenomics, with increasing interest and adoption of personalized medicine approaches. The region has a rising burden of chronic diseases and a growing need for precision medicine, which may drive the demand for pharmacogenomic testing in the future.

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Evolve Business Intelligence has published a research report on the Global Construction Robotics Market, 2022–2033. The global Construction Robotics market is projected to exhibit a CAGR of around 21.68% during the forecast period of 2022 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Construction Robotics Market: Beijing Borui Intelligent Control Technology Co. Ltd, Branch Technology, Brokk Group, Built Robotics Inc, Conjet, Construction Robotics, Kewazo, Fastbrick Robotics, Fujita, Yingchuang Building Technique Co. Ltd.

 

Market Highlights

The global Construction Robotics market is projected to be valued at USD 14.71 Billion by 2030, recording a CAGR of around 21.68% during the forecast period. Construction robotics is the application of robotics and automation technologies in the field of construction to improve the efficiency, safety, and productivity of construction projects. This involves the use of robots, drones, and other automated machinery to perform tasks such as bricklaying, welding, demolition, excavation, and other labor-intensive activities. The technology is designed to reduce the need for manual labor and to enhance the quality and precision of construction work. It has the potential to revolutionize the construction industry by reducing costs, improving safety, and increasing the speed of construction projects.

The market for construction robotics was negatively impacted by the pandemic. The global supply chain was hampered, resulting in delays and shortages of crucial parts and supplies required for construction robots. Construction robot demand was impacted as a result of project cancellations and delays. Further reducing the market for construction robots was the pandemic’s requirement that several construction sites either close or operate at reduced capacity. The pandemic-induced economic downturn also resulted in a fall in building activity, which lowered the need for construction robots.

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Segmental Analysis

The global Construction Robotics market has been segmented based on Type, Automation, Function, Application, and region.

By Type, the Construction Robotics market is segmented based on Traditional robots, Robotic arms, and exoskeletons. Robotic arms are expected to have the largest market share throughout the forecast period, while exoskeletons are expected to grow at the fastest rate.

Based on Automation, the Construction Robotics market is segmented based on Fully Autonomous, Semi-Autonomous. The Fully Autonomous is anticipated to dominate the market.

Based on Automation, the global Construction Robotics market has been divided into Demolition, Bricklaying, 3d Printing, Concrete Structural Erection, Finishing Work, Doors And Windows Installation, and Others. Demolition is anticipated to dominate the market.

Based on Automation, the global Construction Robotics market has been divided into Public Infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition, and Others. Public Infrastructure is anticipated to dominate the market.

Regional Analysis

The Construction Robotics market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America has been at the forefront of the development and adoption of construction robotics, with many startups and established companies offering innovative solutions. Europe has also been a strong market for construction robotics, particularly in countries like Germany, France, and the U.K. Asia-Pacific, on the other hand, has seen significant growth in recent years, driven by the increasing demand for construction projects and a growing population. Latin America, the Middle East, and Africa are also emerging markets for construction robotics, with significant potential for growth in the coming years.

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Evolve Business Intelligence has published a half-cooked research report on the Global Smart Lighting Market, 2021–2030. The global Smart Lighting market is projected to exhibit a CAGR of around 20.4% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Smart Lighting market: Signify (Philips Lighting), Legrand S.A., Acuity Brands Inc., Eaton Corporation, Genera, Electric Company, OSRAM Light, Lutron Electronics, Zumtobel Group, Honeywell International Inc., Hubbell Incorporated.

 

Market Highlights

The global Smart Lighting market is projected to be valued at $46.90 Billion by 2030, recording a CAGR of around 20.4% during the forecast period. Smart lighting is designed to manage luminance remotely by adjusting the intensity of its lighting depending on external conditions. It saves energy and includes automated controls and fixtures that could be adjusted depending on conditions such as occupancy and external light levels. Lighting systems can be used for practical as well as aesthetic purposes. Smart Lighting uses a range of light sources, including general, accent, and task lighting. In addition to this, their usage reduces energy consumption; it also saves money for businesses by reducing costs.

The COVID 19 pandemic has had an everlasting impact on people around the world. The smart lighting industry is trying to find ways to extract maximum gains from this crisis and ensure that it becomes a well-received cost-efficient product.  COVID-19 infected the market and led to a halt in production with serious damages across many regional supply chains. This weakened growth of industrial output, as well as a decline in light manufacturing output. Smart lighting solution Providers are trying to exploit various opportunities by expanding their reach in the industry.

Segmental Analysis

The global Smart Lighting market has been segmented based on the Offering, Communication Technology, Installation Type, End-Use Application, and region.

Based on Offering, the Smart Lighting market is segmented based on Hardware, Software, and Service. During the forecast period, the hardware segment for lights and luminaires is expected to dominate and grow at a fast pace mainly due to their increasing use in integrated lighting control.

Based on Communication Technology, the Smart Lighting market is segmented based on Wired and Wireless. The Wired segment is anticipated to hold the largest market. As the adoption of smart lighting in commercial and industrial spaces increases, there is an increasing demand for Wired connectivity. This demand is driving more production supply of these wired/cables.

Based on Installation Type, the Smart Lighting market is segmented based on New installations and Retrofit. The New Installation segment is anticipated to hold the largest market owing to several factors. Standard types of light fixtures have been around for a while but with the introduction of new technology, consumers are now more inclined to the new installation. This includes smart bulbs from Osram and GE, among others.

Based on End-Use Application, the Smart Lighting market is segmented based on Indoor and Outdoor. The Indoor segment is anticipated to hold the largest market share. Indoor Smart Lighting is seeing an increase in use for IoT purposes. It’s implemented in different parts of the house such as kitchens, living rooms, and study rooms.

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Regional Analysis

The Smart Lighting market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Across the world, Europe’s leading position is largely owed to the rapidly increasing popularity of intelligent and green light solutions. Concerns over environmental safety, as well as the significant presence of intelligent lighting applications, have encouraged consumers to explore new options in this area. The Asia-Pacific region saw significant growth in the smart lighting market during the forecast period. It is anticipated to have the highest growth in the coming years. The government is focusing more on public infrastructure and has begun to invest in rapid urbanization in the region, which is expected to increase the growth of the market. In North America, the rate of smart lighting system adoption has increased significantly due to a larger number of initiatives and guidelines from innovative organizations. The Middle East and Africa and Latin America are expected to experience moderate growth shortly, driven by the increasing development of foreign direct investments from Western Europe and North America.

Evolve Business Intelligence has published a half-cooked research report on the Global Security Robots Market, 2021–2030. The global Security Robots market is projected to exhibit a CAGR of around 8.72% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Security Robots Market: Elbit Systems Ltd., L3 Harris Technologies, Inc., DJI, Northrop Grumman Corporation, QinetiQ, Knightscope, Inc., AeroVironment, Inc., Leonardo SpA, ReconRobotics, Inc., and Lockheed Martin Corporation.

 

Market Highlights

The global Security Robots market is projected to be valued at $3.89 Billion by 2030, recording a CAGR of around 8.72% during the forecast period. Security robots are automated guards that are primarily in charge of surveillance and security tasks. They rely on modern technologies like AI, streaming video, and IoT to carry out their duties. All security robots come with HD cameras, electric motors, and modern high-capacity batteries – making them flexible and efficient. They can assist in reporting, monitoring intruders, detecting, and investigating. They are also efficient enough to help in patrolling surveillance areas. Security robots are becoming more popular because they’re more reliable, incorruptible, and cost-efficient than other security guards. They’re also used in many places such as malls, parking lots, and schools or campuses across the globe.

Due to the sharp increase in cases of coronavirus disease and the simultaneous rise in demand for security robots, there is a significant rise in their adoption. The pandemic has led to lockdown restrictions and social distancing. This can also be more attributed to a myriad of governing agencies imposing lockdowns on several countries.

Segmental Analysis

The global Security Robots market has been segmented based on the Type, Component, Application, and region.

Based on Type, the Security Robots market is segmented based on Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Unmanned Underwater Vehicles. The Unmanned Aerial Vehicles Segment is analyzed to hold the largest share of the Security Robots market. Most models such as drones are relatively low in cost and thus accessible to a wide range of users like commercial and recreational operators.

Based on Components, the Security Robots market is segmented based on Sensors, Controller Systems, Camera Systems, Navigation Systems, Power Systems, Propulsion Systems, and Others. The Camera Systems segment is expected to hold the largest market share. By using Cameras, businesses or the public can detect crimes that may have otherwise gone unnoticed. This allows them to prevent them in the first place and provides a safer environment for employees and citizens.

Based on Application, the Security Robots market is segmented based on Security Robots Industry, Spying, Explosive Detection, Firefighting, Demining, Rescue Operations, Transportation, Patrolling & Surveillance, and Others. The patrolling and surveillance segment holds the largest revenue share with its strongest growth in this area. It’s expected that spying will hold a larger share of business moving forward as well, due to growing demand from the defense sector.

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Regional Analysis

The Security Robots market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America dominates the global Security robot market due to the increasing number of active conflicts in the United States along with the rising number of terrorist attacks in schools and public places. The Asia Pacific is on track to grow at a rapid pace thanks to increased investment in strengthening military training and surveillance capabilities and governments acting more aggressively to counter infiltration, criminal activities, and terrorist threats. The Security Robots business in Europe has been consistently growing due to the investment of time and money to fit security measures, businesses are implementing enterprise security on a large scale within their facilities. With robots at their side along with other automated industrial robots powered by AI, they work tirelessly to mitigate any potential risks that might exist. The recent technological advancements in the Middle East and African countries have increased their demand for security robots. Escalating conflicts in Syria such as the War on Terror are adding to their need for assistance.

Evolve Business Intelligence has published a half-cooked research report on the Global Protein Supplement Market, 2021–2030. The global Protein Supplement market is projected to exhibit a CAGR of around 8.5% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Protein Supplement market: Glanbia Plc, AMCO Proteins, Quest Nutrition, NOW Foods, The Nature’s Bounty Co., MusclePharm Corp, Abbot, Cyto Sport, Inc., IOVATE Health Sciences International, Inc., and Transparent Labs.

 

Market Highlights

The global Protein Supplement market is projected to be valued at $42.81 Billion by 2030, recording a CAGR of around 8.5% during the forecast period. Protein supplements are a kind of nutritional and bodybuilding supplement that bodybuilders and sports athletes use to increase their diet and increase their protein consumption without significantly increasing the amount they consume in carbs or other kinds of accompanying nutrients. They work to offset nutrient deficiencies, provide energy, and prevent muscle loss while exercising. Supplements that are comprised of protein are popular because they contain higher amounts than other sources when consumed directly.

The COVID-19 pandemic has caused unprecedented outbreaks of infections which prompted consumers to take a more keen interest in their diet and overall health. This has fueled an increase in the protein supplement market which is benefitting from this newfound awareness. In addition, the Chinese CDC has issued nutritional guidelines which include a recommendation of 150-200 grams of protein per day (around 1.5-2.0g/kg body weight) for patients affected with COVID-19.

Segmental Analysis

The global Protein Supplement market has been segmented based on the Type, Form, Source, Distribution Channel, Application, and region.

By Type, the Protein Supplement market is segmented based on Casein, Whey Protein, Egg Protein, Soy Protein, and Others. The Whey Protein segment dominates the market. The growth of this segment can be due to the increasing penetration of e-commerce websites and online stores, which lets users buy their desired products through one application.

Based on Form, the Protein Supplement market is segmented based on Protein Powder, Ready Drink Liquid, and Protein Bars. The Protein Powder segment is anticipated to hold the largest market Product demand for protein powder from professional athletes, bodybuilders, and fitness enthusiasts are expected to grow over the last five years.

Based on Source, the Protein Supplement market is segmented based on Animal-Based and Plant-Based. The Animal-Based segment is anticipated to hold the largest market owing to several factors. The segment includes both meat and dairy proteins, which are considered complete proteins because they contain all of the essential amino acids

Based on Distribution Channel, the Protein Supplement market is segmented based on hypermarkets/supermarkets, Online, Chemist/ Drugstore, Nutrition stores, Health Food stores, Specialist Sports stores, and Others. The Online segment is anticipated to hold the largest market share. Online shopping has become a preferred method of shopping due to the wide selection and ease of use. Many online stores now have an accessible global presence, making them more successful than ever.

Based on Application, the Protein Supplement market is segmented based on Sports Nutrition and Functional Foods. The Sports Nutrition segment is anticipated to hold the largest market. The growing demand for sports nutritional supplements to help boost lean muscle growth, improve performance and increase weight loss is expected to contribute positively to the growth of the industry over the next several years.

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Regional Analysis

The Protein Supplement market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The North American region is projected to dominate the global Protein Supplement market. Functional foods and sports nutrition are the major distribution channels of the North American food market, primarily due to the rising awareness of fitness among U.S., Canada, and Mexico consumers. The Asia-Pacific region is expected to grow at the highest CAGR over the forecast period. Demand for protein supplement options will be rising in the APAC region due to the trend in snacking options, especially given price point affordability. A good example is India, where people are eating on the go and don’t have time to cook a sack lunch. China is an emerging country that has seen a steady rise in demand for these products. With health awareness rising in Europe, the need for functional food is expected to grow significantly over the next few years. The presence of major manufacturers, such as Glanbia plc, Bulk Powders Co., Ultimate Nutrition, Inc., and PowerBar Europe GmbH in the region is expected to drive the demand for protein supplement products. The Middle East and Africa are regions with enormous potential for investment in the Protein Supplement Sector. The developing economies project a steady growth over the forecast period.