Exploring the Dynamics of Animal Treatment Market: Trends, Challenges, and Opportunities

Introduction

Animal treatment is the treatment that an animal receives and is covered by various terms such as animal care, animal husbandry, and humane treatment. It is a crucial concern and encompasses their physical, psychological, and emotional well-being. Animal treatment is important due to various animals across the globe are suffering from being used for entertainment, food, medicine, fashion, scientific advancement, and as exotic pets. Further, the various advantages of the industry include ethical considerations, improved human health, conservation of biodiversity, food safety and quality, environmental sustainability, enhanced productivity & efficiency, emotional well-being, and education & empathy.

Animal Treatment Market Key Factor Driving Growth:

·         Rising pet ownership is one of the major factors driving the growth of the global animal treatment market as pets are often considered family members, and it enhances the spending on their health and well-being.

·         Advancements in veterinary medicine technology such as diagnostic techniques, medical equipment, and treatment methods are the other factor propelling the global market size. As it enhances the effectiveness of treatments and allowed for more targeted and specialized care.

·         Rising government and private initiatives towards animal health are anticipated to boost the industry demand over the foreseen period. It led to higher demand for animal treatments and healthcare products.

·         The growing frequency of animal diseases such as zoonotic diseases and others is uplifting the growth of the global market as it created a greater requirement for effective animal treatments.

·         Rising disposable income is considered a major factor expected to boost the global market size over the projection period as it enhances the spending on veterinary services, medications, and other treatments.

Animal Treatment Market Restraints

However, resistance to change and the huge cost of treatment are the major factors restricting the global market growth. Further, economic factors and limited research and development are the other factors anticipated to hinder the growth of the global animal treatment market over the assessment period.

Market Overview

The latest updated study from Emergen Research on “Animal Treatment Market (2023-2032)”, offers a precise analysis of the market covering all the essential information required by the new entrants as well as the existing players to gain a deeper insight into the market. It includes the global animal treatment market size was USD 44.63 Billion in 2022 and is expected to reach a CAGR of 6% over the forecast period. Also, the study provides information about the regional wise segmentation and analysis of the global market for the study period.

Strategic Developments

In June 2021, Bactiguard expanded its business and launched infection prevention for pets through a collaboration with the Nordic pet retailer Musti Group. The partnership evolves around a new range of wound care products (Aniocyn) for pets.

Further, in March 2021, Axio Biosolutions launched the SureKlot range of products with an aim to expand into the veterinary wound management area. Sureklot is available as a patch, gauze, powder, and spray, suitable for different types of wounds.

Animal Treatment Market Top Players

The leading players operating in the global animal treatment market include Merck Animal Health, Boehringer Ingelheim Animal Health, Dechra Pharmaceuticals, Phibro Animal Health Corporation, Norbrook Laboratories, Elanco Animal Health, Nutreco, Heska Corporation, Idexx Laboratories, Vetiquinol, Ceva Santé Animale, Agria Djurförsäkring, Virbac, Bayer Animal Health, Neogen Corporation, Anicura, Zoetis, Kindred Biosciences, Vetoquinol, and IDEXX Laboratories.

Conclusion

In conclusion, ensuring the proper treatment of animals benefits not only the animals themselves but also humans, the environment, and society as a whole. It promotes a more harmonious and sustainable coexistence between humans and animals.

How to Choose the Right Procurement Software for Your Business

Procurement software is business software that automates the entire source-to-pay cycle, from analyzing and managing spending to managing contracts and making invoice payments. Procurement software allows enterprises to streamline and automate purchasing processes, cut costs, improve efficiency, and boost organizational performance.

The benefits of procurement software include better spend management, automation of tasks and approvals, real-time spend visibility, faster turnaround, reduced procurement costs, improved efficiency, increased compliance, and better visibility. However, there are also some challenges and potential disadvantages of procurement software, such as poor customer service, difficulty in user adoption, supplier integration challenges, and difficulties related to obtaining investment in digital transformation.

Market Overview:

The global procurement software market size was USD 6.67 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.4% during the forecast period. Increasing use for cloud-based procurement solutions and rising need for automated and efficient procurement processes are key factors driving market revenue growth.

Market Drivers:

Industry-specific Demand: The growing demand for procurement software is driven by various industries, including retail, manufacturing, healthcare, transportation, and logistics.

Global Recovery Trend: Despite intense competition, the global recovery trend is driving optimism and attracting new investments to the procurement software market.

Technological Advancements: Technological innovation and advancement are optimizing the performance of procurement software, making it more widely used in downstream applications.

Regulatory Compliance and Risk Mitigation: Compliance with regulatory mandates and prudent risk mitigation are paramount concerns, driving the adoption of procurement software to navigate complex regulatory landscapes and manage risks effectively.

Market Restraints:

High Initial Costs: The high initial cost of procuring and implementing procurement software, including licensing fees, implementation costs, and training expenses, is a key factor restraining market revenue growth.

Data Security and Privacy Concerns: Concerns related to data security and privacy are also restraining market revenue growth.

Market Challenges: Economic constraints in emerging countries and business market obstacles pose challenges to market growth.

To choose the right procurement software for your organization, you should consider the following key factors based on the provided search results:

Mobile Accessibility: Ensure the software is accessible on mobile devices for on-the-go use.

Ease of Use: Look for user-friendly interfaces and intuitive navigation to facilitate adoption.

Integrations with Accounting Systems: Check for seamless integration with your existing accounting systems to ensure smooth data flow.

Fast Onboarding and Implementation: Prioritize software that offers quick and easy onboarding processes.

Customer Support: Assess the level of customer support provided by the software vendor.

Supports the Entire Procure-to-Pay Cycle: Choose software that covers the entire procurement process, from requisition to payment.

Real-Time Budget Tracking: Look for features that enable real-time tracking of budgets and spending.

Spend Insights and Reporting: Ensure the software provides comprehensive insights and reporting capabilities for better decision-making.

Vendor Management Capabilities: Consider the software's features for managing vendor relationships and performance.

Operational Efficiencies: Evaluate how the software can improve operational efficiencies within your procurement processes.

By considering these factors, you can make an informed decision and choose the procurement software that best suits your organization's needs and goals.

Unveiling the Future: Exploring Anatomic Pathology's Role in Health and Technology

Anatomic Pathology: Unveiling Insights into a Vital Medical Specialty

Overview of Anatomic Pathology

Anatomic pathology is a medical specialty that emphasizes the examination of tissue samples and cells to identify and study diseases. It is also known as anatomical pathology. It includes the analysis of biological samples obtained from patients, which can include biopsies, surgical specimens, and autopsy tissues. It plays a key role in the diagnosis, prognosis, and management of several diseases, including cancer. Also, the anatomic pathology sector includes various sub-disciplines, that include surgical pathology, cytopathology, and autopsy pathology. Further, examples of anatomic pathology include types of kidney disease (glomerulonephritis), lung (pulmonary) diseases (asbestosis), or aggressive cancers that lose their normal proteins.

Key Applications of Anatomic Pathology:

• Diagnosis, prognosis, and management of diseases.
• Examination of tissue samples and cells.

Global Market Landscape

According to a fresh report published by Emergen Research, the global Anatomic Pathology Market size was USD 35.33 Billion in 2021 and is expected to reach a CAGR of 7.0% over the assessment period. Also, the report contains several market predictions related to production, Consumption, gross margin, price, and other substantial factors. While highlighting the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market.

The market includes news and updates about the market's current situation, historic data, and present market trends, and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Market Highlights:

• Global market size of USD 35.33 Billion in 2021
• Expected CAGR of 7.0% during the assessment period

Factors Driving Industry Growth

Several factors contribute to the expansion of the anatomic pathology industry:

Increasing Frequency of Chronic Diseases:

The growing frequency of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders are propelling the growth of the global anatomic pathology market size as the pathological examinations, including tissue biopsies and cytology, play a crucial role in the diagnosis and treatment of these diseases.

Aging Population:

The rising old age population is another factor enhancing the industry demand as elderly individuals are more susceptible to conditions such as cancer and degenerative diseases.

Technological Advancements:

Advancement in technology is considered the major factor anticipated to uplift the growth of the global market over the foreseen period as digital pathology, automation, and image analysis tools have improved accuracy, efficiency, and speed in the diagnosis process.

Global Healthcare Expenditure:

Increasing healthcare expenditure across the globe is driving the growth of the industry and is expected to maintain its dominance over the assessment period. The major factors accountable for the growth expansion are improved access to healthcare, economic growth, and expanding insurance coverage.

Focus on Personalized Medicine:

Further, a growing focus on personalized medicine is anticipated to boost the global market growth over the foreseen period as anatomic pathology plays a crucial role in identifying specific biomarkers and genetic mutations that influence disease progression and treatment response.

Challenges and Limitations

However, reimbursement challenges and a stringent regulatory environment are the major factors restricting the growth of the global market. Also, the absence of skilled pathologists and limited awareness and adoption are the other factors expected to hinder the growth of the anatomic pathology market over the assessment period.

Noteworthy Industry Developments

Hologic received FDA premarket approval (PMA) for its ThinPrep GenesisTM processor for cytology processing and specimen transfer for downstream applications in May 2021.

Additionally, PHC Holding Corporation completed the acquisition of Thermo Fisher Scientific's Anatomical Pathology business in January 2019 in order to strengthen its position in the diagnostics segment.

Key Industry Players

Major companies contributing to the Anatomic Pathology market include:

1. F. Hoffmann-La Roche Ltd. (Switzerland)
2. Mylan N.V. (U.S.)
3. Teva Pharmaceutical Industries Ltd. (Israel)
4. Sanofi (France)
5. Pfizer Inc. (U.S.)
6. GlaxoSmithKline plc (U.K.)
7. Novartis AG (Switzerland)
8. Bayer AG (Germany)
9. Eli Lilly and Company (U.S.)
10. Merck & Co., Inc. (U.S.)
11. Allergan (Ireland)
12. AstraZeneca (U.K.)
13. Johnson & Johnson Private Limited (U.S.)
14. Cipla Inc. (U.S.)
15. Bausch Health Companies Inc. (Canada)
16. Abbott (U.S.)

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The Rise of Haptic Technology: Driving Forces and Market Growth

 

Haptic technology refers to a technology that can create an experience of touch by applying forces, vibrations, or motions to the user. This technology is utilized in a wide range of applications such as automotive interfaces, medical training, gaming, and virtual reality. The goal of this technology is to simulate the sensation of touch with several mechanisms. Also, this technology can offer a more immersive experience to the users by allowing them to feel and interact with virtual objects as if they were real. There are several types of haptic technology which include Force feedback, Tactile feedback, and Motion feedback. Further, it is a crucial sector that is constantly rising, and it has the potential to revolutionize how we interact with computers and other devices in the future.

Haptic Technology Market Key Factor Driving Growth:

·        The growing demand for haptic technology in mobile devices is propelling the growth of the global haptic technology market and is predicted to maintain its dominance over the forecast period as the adoption of tablets and smartphones is rising rapidly.

·        Development in the automotive sector is the other factor driving the global market as haptic technology is progressively utilized in the automotive sector for enhancing safety as well as driver experience.  

·        Another factor enhancing the growth of the market is virtual reality and augmented reality technologies as these technologies boost the users' experience and make it more immersive.

·        Growing investment in research and development of haptic technology is predicted to uplift the industry's growth as it enhances the evolution of new and innovative products.  

·        Further, medical technology is considered the major factor expected to propel the industry share over the assessment period as this technology is utilized in medical devices and simulations to boost the accuracy and realism of medical procedures.

However, the absence of standards and huge costs are the major factors restricting the growth of the global haptic technology market. Also, limited applications and limited compatibility are the other factors hindering the industry's growth. Further aspects predicted to uplift the global market are regulatory issues and the absence of awareness. 

As per the study published by Emergen Research in March 2023, the global haptic technology market size was USD 2.90 Billion in 2022 and is predicted to reach a revenue CAGR of 12.0% over the projection period. Also, the study enlists various important factors, starting from the basics principal to advanced market intelligence which plays a vital part in strategizing. 

For instance, as per the Global System for Mobile Communications Association, there will be 5.9 billion distinct users globally by 2025. Growing acceptance of haptic technology in the electronics sector is anticipated to boost the market share over the forecast period due to the several advantages such as improved sound, touchscreen, and visual effects in display touch applications.

Additionally, in February 2021, Immersion Corporation and Faurecia Corporation approved a multi-year licencing deal to allow Faurecia to purchase Immersion's haptic technology solutions. Faurecia will be able to design an intricate, interactive haptic user interface using cutting-edge technology from Immersion Corporation.

The leading players operating in the global haptic technology market include Texas Instruments Incorporated, Analog Devices, Inc., Microchip Technology Inc., Semiconductor Components Industries, LLC, Precision Microdrives Limited, NIDEC COPAL ELECTRONICS, Synaptics Incorporated, Cypress Semiconductor Corporation, Samsung, Johnson Electric Holdings Limited, Methode Electronics, Apple Inc., SMK ELECTRONICS CORPORATION U.S.A, Immersion, ALPS ALPINE CO., LTD., Visteon Corporation, and AAC Technologies.

In conclusion, haptic technology is anticipated to grow at a significant rate over the projection period. There are several factors responsible for global market enhancement that includes rising awareness and advantages of haptic technology. Further, the technology has been progressively utilized in several applications that include automotive, healthcare, gaming, and virtual reality, among others.

Understanding Consumer Identity and Access Management: Benefits, Components, and Trends

 

Consumer Identity and Access Management helps organizations securely capture and manage customer identity and profile data. Also, it controls customer access to applications and services. The components involved in the CIAM solutions include Identity verification and validation, User registration and authentication, Consent and preference management, Profile management, Access control, and authorization, and Analytics and reporting. Further, these solutions are utilized by various industries such as healthcare, retail, entertainment, and banking, to offer secure and personalized digital experiences to their customers.

The factors enhancing the growth of the Consumer Identity and Access Management Market include:

·        Rising awareness about data privacy and security is propelling the growth of the consumer identity and access management market as cyber-attacks and high-profile data breaches making headlines regularly so consumers become more aware of the importance of protecting their personal data.

·        Growing acceptance of digital technologies is driving the growth of the market as the requirement for secure & reliable identity and access management solutions is rising to secure customer data and ensure seamless user experiences.

·        Increasing demand for personalized and seamless customer experiences across various channels and devices is propelling the growth of the market as these solutions help in providing personalized experiences to customers by capturing and controlling customer data, preferences, and behaviors.

·        Rising demand for cloud-based CIAM solutions is anticipated to boost the market as the appearance of cloud-based CIAM solutions offers various advantages over traditional on-premises solutions, that includes flexibility, scalability, and cost-effectiveness.

According to a study published by Emergen Research, Consumer Identity and Access Management Market Size was valued at $9.80 billion in 2022 and is estimated to reach a revenue CAGR of 15.3% over the projection period.

However, the absence of awareness and data privacy coupled with compliance concerns are the major factors restricting the growth of the global consumer identity and access management market. Further, huge cost and completion are the other factors anticipated to hinder the growth of the market over the foreseen period.

The increasing investment by major companies in the evolution of consumer identity and access management is another trend uplifting the growth of the global market. Major companies are investing heavily in the development of the industry to gain a competitive advantage in the market.

Some of the major players in the global identity and access management market include Amazon Web Services, Inc., One Identity LLC., Broadcom, IBM, Okta, ForgeRock, OneLogin, Intel Corp., McAfee, LLC, Ping Identity, HID Global Corp., SecureAuth, Evidian, Microsoft, and Oracle.

For instance, in May 2022, WSO2, an industry-leading, cloud-native, and open-source technology for API management, integration, and customer identity and access management (CIAM) company, announced that the company had completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info Edge. The move brings the total growth capital raised to USD 93 million.

In conclusion, the customer identity and access management market is poised for significant growth over the forecasting period, driven by the rising requirement for businesses to offer secure and seamless digital experiences to their customers. Further, as more businesses recognize the importance of CIAM solutions, the industry is anticipated to become highly competitive, with companies vying for market share through innovation and strategic partnerships.

The Advantages and Challenges of IoT in Smart Cities: A Comprehensive Overview

 

The Internet of Things (IoT) is the connection of everyday devices to the Internet, allowing them to send and receive data. The smart city utilizes Internet of Things (IoT) sensors in urban areas to collect data and automate systems that include energy use, traffic, and waste management. By doing this, smart cities enhance the efficiency of urban services, reduce costs, and offer a higher standard of living. A few examples of IoT devices in Smart Cities include smart energy systems, smart traffic systems, smart waste management, smart public safety, smart lighting, and others. Further, the IoT is anticipated to play a crucial role in enhancing energy efficiency and sustainability in smart cities. Additionally, the advantages of IoT in smart cities include smart parking, remote monitoring, smart traffic management, waste management, public safety, and others.

The research report released by Emergen Research offers high quality information about the global Internet of Things in Smart Cities Market which includes a market size was USD 152.85 Billion in 2022 and is predicted to reach a CAGR of 19.0% over the foreseen period. The key opportunities that the IoT provides in the smart cities market are smart waste management, smart buildings, smart transportation, smart security, and smart energy. Further, the IoT provides a vast range of opportunities for enhancing the sustainability, efficiency, and livability of smart cities. As the technology is growing rapidly, it is anticipated to see even more innovative uses of IoT in smart city applications in the approaching years.

The major factors enhancing the growth of the global Internet of Things in the Smart Cities Market include increasing demand for connected devices as the number of these devices is growing continuously. Growing urbanization is another factor propelling the growth of the industry as it leads to a boost in demand for smart city solutions. Also, rising government initiatives towards smart cities are anticipated to boost the global Internet of things in smart cities market size over the projection period. Further, environmental concerns and technological advancement are the other factors propelling the industry share and are predicted to maintain their dominance over the projection period. Additionally, the industry is anticipated to experience considerable growth over the foreseen period, as more cities accept smart city solutions and the technology continues to advance.

However, huge costs and privacy & security concerns are the major factors restricting the growth of the market. Also, limited connectivity infrastructure and the absence of interoperability standards are the other factors expected to hinder the growth of the global industry.

For instance, the Indian Government planned to invest USD 7.51 billion in 2016 to transform 100 present cities into intelligent cities. Also, as per the article published by the American Society of Mechanical Engineers in February 2020, the Singapore government initiated the deployment of solar panels installed on rooftops of 6,000 buildings and intellectual, energy-efficient lighting for every public road by 2022.

The major companies in the global IoT in smart cities market include IBM (US), Intel (US), Cisco (US), Huawei (China), Tech Mahindra (India), Microsoft (US), Siemens (Germany), Bosch (Germany), Honeywell (US), PTC (US), ARM (England), Schneider Electric (France), Quantela (US), Sierra Wireless (Canada), Hitachi (Japan), Youon (China), Deutsche Telekom (Germany), SAP (Germany), Confidex (Finland), AGT International (Switzerland), Verizon (US), Takadu (Israel), Enevo (US), Optibus (Israel), Signify (Netherlands), AppyWay (UK), FlamencoTech (India).

Top 5 Reasons to Invest in the Mobile Mapping Market

 

Mobile mapping refers to the gathering of geospatial data utilizing mapping sensors mounted on moving platforms that include marine vessels, cars, or airplanes. This technology includes the utilization of several types of sensors, such as accelerometers, cameras, GPS, and gyroscopes, to collect data that can be utilized for a variety of applications. The major advantage of mobile mapping is that it enhances scanning efficiency. Also, on the basis of application, the mobile mapping market is categorized into topographic mapping, road surveys, asset management, 3D modeling, and other applications.

The research report added by Emergen Research is an in-depth analysis of a global Mobile mapping market that includes characteristics, segmentation, regional & country breakdowns, competitive landscape, market shares, trends, and strategies for the mobile mapping market. Also, it includes the market size was USD 32.13 Billion in 2022 and is predicted to reach a CAGR of 19.5% over the foreseen period.

Here are the top five reasons why you should invest in the Mobile Mapping Market:

·        Rising Demand: The increasing utilization of tablets, smartphones, and other mobile devices is propelling the demand for mobile mapping services and is anticipated to maintain its dominance over the assessment period. As the services are utilized for a wide range of applications, such as urban planning, transportation, navigation, logistics, and others.

·        Market Size: Market size is another factor responsible for investing in the market as it is anticipated to grow crucially over the assessment period with the growing investments in smart city projects and infrastructure development. Also, as per the report by Emergen Research, the global mobile mapping market size is anticipated to reach a CAGR of 19.5% over the projection period.

·        Technological Advancements: Advancement in technology in the mobile mapping sector is anticipated to uplift the growth of the industry as it offers more reliability, accuracy, and cost-effectiveness. Also, the technologies include AI, LiDAR, and machine learning.

·        Diversification: Diversification is considered the major factor expected to boost the mobile mapping industry as it can offer diversification advantages to a portfolio, and it is not tied to the performance of any specific industry or sector. Also, as the industry continues to rise, there might be opportunities for long-term investment and capital appreciation.

·        Competitive Outlook: The mobile mapping industry is highly competitive, with various established players and new entrants vying for market share. This competition drives innovation and ensures that customers have access to a vast range of high-quality products and services.

Key Factors Enhancing the Growth of the Industry:

·        Rising demand for location-based services is propelling the global mobile mapping market and is predicted to maintain its dominance over the foreseen period. 

·        Rising acceptance of autonomous vehicles is the other factor driving the growth of the industry.

·        Increasing government initiatives and regulations towards the industry is expected to uplift its growth of the industry.

·        Growing location-based advertising is also a significant factor predicted to enhance the market share over the foreseen period.

However, limited battery life and huge cost are the major factors restricting the growth of the market. Further, regulatory challenges and data privacy & security concerns are the other factors predicted to hinder the growth of the market over the projection period.

Overall, the mobile mapping market is predicted to grow at a rapid rate over the assessment period, as demand for real-time mapping and location-based services keeps up rising. Also, the market is anticipated to be driven by technological advancement and growing demand for accurate and detailed mapping solutions.