Latin American Flow Cytometry Market - This is How Leading Companies are Dominating Global Market

Global Growth Driving Factors:

Factors such as growing prevalence of cancer and HIV/ AIDS, growing adoption of flow cytometry techniques in research activities, and increasing number of technological advancements in the flow cytometry instruments and software are prominently driving the market growth. However, the high cost of flow cytometry products such as instruments and consumables is the major factor expected to restrain market growth to a certain extent.

Global Leading Companies:

The Latin American flow cytometry market is highly consolidated. Prominent market players include Becton, Dickinson and Company (US), Danaher Corporation (US), Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Bio-Rad Laboratories Inc. (US), Miltenyi Biotec GmbH (Germany), Luminex Corporation (US).

Growth Strategies Adopted:

These companies offer a wide range of flow cytometry products as well as services focusing on innovating. However, the high market consolidation acts as a barrier for new entrants in the market.

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Recent Developments:

# In August 2022, BD (US) collaborated with Laboratory Corporation of America Holdings (Labcorp) (US) to develop flow cytometry-based companion diagnostics (CDx) for treatments against cancer and other diseases.

# In March 2021, Danaher Corporation (US) launched the CytoFLEX SRT Benchtop Cell Sorter, which is built on the principles of CytoFLEX to make multicolor applications accessible.

More About Leading Players:

Becton, Dickinson and Company (US) is the leading player in the Latin American flow cytometry market. The company has a comprehensive flow cytometry product portfolio. BD focuses on innovating technologically and has been launching products consistently. For instance, the company launched the FACSymphony A5 SE Cell Analyzer. This fluorescence-activated and spectral-enabled cell analyzer allows researchers to choose between spectral or compensation-based cell analysis to meet different flow cytometry needs.

The company dominates the flow cytometry market in Latin America due to factors such as the high reliability of diagnostic centres and other end user on BD products and the company’s strong image as a brand. Besides, the company maintains a strong geographic presence in Latin American countries through a wide and well-established network of distributors. The company is highly focused on consistency in the quality of its products & services and efficient adaptation in new business environments.

Danaher Corporation (US) is one of the leading players in the flow cytometry market in Latin America. Danaher offers products & services for medical, industrial and commercial applications through Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions business segments. The company is focused on growing through developments such as product launches and acquisitions. In June 2011, Danaher (US) acquired Beckman Coulter, Inc.

The company offers flow cytometry products through Beckman Coulter, Inc. Beckman Coulter adds to Danaher’s revenue growth through innovative research, advancement, expansion, and the launch of novel flow cytometry products. Between 2019 and 2021, Beckman Coulter registered many acquisitions and product launches in the flow cytometry market. This has led to the company establishing a strong position in the global as well as the Latin American Market.

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Geographical Growth Dynamics:

Brazil is the largest country-level market and Mexico was the fastest-growing country of the Latin American Flow Cytometry market in 2021.

On the basis of country, the flow cytometry market in Latin America is segmented into Brazil, Mexico, Argentina, Colombia, Chile, and the Rest of Latin America. Brazil accounted for the largest share of the Latin American flow cytometry market. Factors such as the growing emphasis on cancer research, the development of effective treatments, and support for the improvement of scientific research in the country contribute to the large share of Brazil in the Latin American flow cytometry market.

Clinical Trial Supplies Market - Emerging Trends & Global Future Forecasts

Global Growth Drivers:

Factors such as growing R&D expenditure in biopharmaceutical and pharmaceutical companies and the growing number of clinical trials conducted globally. However, during the forecast period, the growing cost of clinical trials and drug development is expected to restrain the growth of this market.

Projected Surge in Revenue Generation:

The global clinical trial supplies market in terms of revenue was estimated to be worth $3.6 billion in 2022 and is poised to reach $5.7 billion by 2027, growing at a CAGR of 9.7% from 2022 to 2027.

Recent Developments:

# In February 2022, Thermo Fisher entered into a partnership with Medidata to optimize clinical research site selection and speed up patient enrollment in clinical trials.

# In April 2021, Catalent added cryogenic capabilities at its Philadelphia clinical supply services facility. This expansion helped increase Catalent’s capabilities in gene therapies, packaging, labeling, and distribution of cryogenic materials for clinical trials.

# In April 2021, Parexel collaborated with Veeva Systems to improve their clinical processes for clinical trial delivery and enhance Veeva’s cloud technology.

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The logistics and distribution segment accounted for the largest share of the services segment in the clinical trial supplies market in 2021.

On the basis of the service, the clinical trial supplies market is segmented into manufacturing; packaging, labeling, and blinding; comparator sourcing; logistics & distribution; storage & retention; and other services. In 2021, Logistics & distribution services accounted for a share in the market. During the forecast period, this segment is estimated to grow at the highest CAGR. Logistics & distribution and storage & retention are seen to be the leading segments with respect to the growth rate during the forecast period as a result of growing decentralization of clinical trials.

The oncology segment accounted for the largest share of the therapeutic area segment in the clinical trial supplies market in 2021

On the basis of therapeutic area, the clinical trial supplies market is divided into oncology, CNS & mental disorders, cardiovascular diseases, digestive disorders, infectious diseases, metabolic disorders, immunology, blood disorders, and other therapeutic areas (respiratory disorders, dermatological disorders, rare diseases, ENT diseases, Nephrology). In 2021, Oncology accounted for the largest segment in this market. Factors such as increasing number of research studies on cancer therapeutics and the growing companies focusing on cancer drugs into the market. During the forecast period, the oncology segment is projected to grow at the highest CAGR.

The Asia Pacific region is the fastest-growing region of the clinical trial supplies market in 2021.

On the basis of region, the clinical trial supplies market is broadly segmented into North America, Europe, the Asia Pacific, and the Rest of the World. During the forecast period, the Asia Pacific market is projected to register the highest growth. Factors such as emerging number of players, regulatory framework, huge population base and cost-effectiveness in Asia Pacific regions is driving the growth in the market. This is attracting the attention of a majority of pharmaceutical, biopharmaceutical, and biotechnology giants to consider conducting their clinical trials in Asia Pacific countries.

Global Key Players:

Key players in the Clinical trial supplies market include Thermo Fisher Scientific (US), Marken (US), Catalent, Inc. (US), Eurofins Scientific (France), and PRA Health Sciences (US).

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Fill Finish Manufacturing Market - Leading Companies & Their Global Dominance

Drivers: Rising technological advancements in fill-finish manufacturing processes

Technological advancements in aseptic fill-finish operations involve the usage of isolators and restricted-access barrier systems (RABS), which create robust sterile manufacturing environments that effectively separate human operators from the fill-finish process. Many equipment manufacturers in the fill finish manufacturing market are focusing on the development of barrier isolation systems, which are integrated fill-finish machines capable of carrying out all stages of fill-finish processes.

In contrast to barrier isolation systems, standalone equipment used in fill-finish operations is both time-consuming and expensive, thus making the entire process complex and prone to contamination. The SA25 aseptic filling workcell by Vanrx Pharma is an example of an isolated system. Owing to the benefits of isolators or RABS, many biopharmaceutical companies are adopting these machines in drug production facilities.

Restraints: High costs associated with isolators and RABs

RABS and isolators have advanced features and functionalities. The equipment provides an enclosed environment, which reduces the risk of contamination. RABS and isolators are expensive as compared to standalone systems. The average price of RABS and isolators is around USD 4.0 million to USD 8.0 million, which is high for standalone systems.

This severely limits the accessibility of small businesses. In underdeveloped or developing countries, the adoption of isolators and RABS is very low as compared to standalone systems. Standalone systems are still used in small pharmaceutical and biopharmaceutical companies, R&D laboratories, and academic institutes.

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Global Leading Companies:

The major players in the global fill-finish manufacturing market include Syntegon Technology GmbH (Germany), I.M.A. (Industria Macchine Automatiche) S.p.A. (Italy), Becton, Dickson and Company (US), Stevanato Group (Italy), West Pharmaceutical Services, Inc. (US), OPTIMA Packaging Group GmbH (Germany), Bausch+Strobel (Germany), Groninger & Co. GmbH (Germany), and Gerresheimer AG (Germany).

Growth Strategies Adopted by Leading Players:

These players have adopted various growth strategies such as product launches, acquisitions, agreements, and partnerships to increase their presence in the global fill-finish manufacturing industry.

Recent Developments:

# In 2022, BD entered into an agreement with Mitsubishi Gas Chemical Company to investigate the further development of OXYCAPT, an innovation from MGC that integrates the best of plastic and glass for plastic syringes.

# In 2021, West Pharmaceutical introduced the DeltaCube Modeling Platform and NovaGuard SA Pro Safety System for 0.5 mL standard glass syringes at Interphex.

Syntegon Technology GmbH (Germany) is a leading player in the global fill-finish manufacturing market. The company focuses on product innovation to strengthen its position in the market. The company offers an broad product portfolio in the market through its machinery systems segment, which includes a wide range of automated standalone machines, integrated systems, and barrier systems such as isolator systems and RABS.

I.M.A. (Industria Macchine Automatiche) S.p.A. (Italy) is a leading player in the global fill-finish manufacturing market. IMA is one of the leading manufacturers of automated machines for the processing and packaging of pharmaceuticals, cosmetics, tea, food, and coffee. The company operates through three business segments—Pharmaceutical; Tobacco Packaging; Tea, Food, & Others. Through its Pharmaceutical segment, IMA deals with the production of machines for processing and packaging of capsules; filling liquid and powdered products in bottles and vials; and tube filling and other pharmaceutical operations. In 2021, BC partners have acquired IMA group and now working under them.

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Geographical Growth Scenario:

Europe accounted for the largest share of the fill-finish manufacturing market.

Europe accounted for the largest share of the market among all the regions. Factors such as well-established reimbursement systems for drugs have further enhanced the demand for biologics among patients by making them affordable to consume, and to fulfill this, biopharmaceutical companies have increased their production volumes and expand production capacities and increasing focus on the development of biosimilar due to the patent expiry of key biologics products.

Cell Isolation Market - Different Growth Strategies Adopted by Leading Companies

Overview of This Study:

This study involved four major activities in estimating the current size of the cell isolation market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.

Major Growth Driving Factors:

Growth in this market is largely driven by factors such as the increasing government funding for cell-based research, the increasing number of patients suffering from cancer and infectious diseases, technological advancements, and the growing focus on personalized medicine. On the other hand, ethical issues related to embryonic stem cell isolation and the high cost of cell-based research are expected to limit market growth to a certain extent in the coming years.

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Global Leading Companies:

The major players in this market are Thermo Fisher Scientific, Inc. (US), Becton, Dickinson and Company Limited (US), Beckman Coulter Inc. (US).Merck KGaA (Germany), Terumo BCT (Japan), GE Healthcare (US), Bio- Rad Laboratories Inc. (US), Corning Inc. (US), Roche Diagnostics (Switzerland, Alfa Laval (Sweden), Miltenyl Biotech (Germany), pluriSelect Life Science (Germany), STEMCELL Technologies Inc. (Canada), Akadeum Life Sciences, Inc (US), Bio- Techne (US), Bio Legend (US) and Invent Biotechnologies (US).

Thermo Fisher Scientific accounted for the largest share of the cell isolation market in 2019. The company offers an exhaustive product portfolio comprising various cell isolation products, such as reagents and kits, media, magnetic beads, and centrifuges. The company pursues both organic as well as inorganic growth strategies to enhance its market position. To maintain its leading position and enhance its market share, the company is customer-oriented and maintains a strong relationship with its customers.

In 2019, Becton, Dickinson and Company accounted for the second-largest share of the cell isolation market. It operates in the cell isolation market through its BD Biosciences segment.The company has an extensive product portfolio, ranging from instruments to accessories. It also has a strong distribution network for flow cytometers, reagents, kits, and magnetic separators. The company has been focusing on technological advancements as its key growth strategy, to maintain its position in the market.

Beckman Coulter, Inc. was the third-largest player in the cell isolation market, in 2019. To sustain its leadership position in the market, the company focuses on continuous innovation and product development. For instance, the company launched its ClearLLab 10C System for the clinical flow cytometry lab in 2019. The new system includes the first 10-color CE-IVD panels of immunophenotyping reagents for both lymphoid and myeloid lineages.

Recent Developments by Leading Companies:

# In May 2019, Thermo Fisher Scientific acquired Brammer Bio with the aim to expand capabilities to support the high growth gene and cell therapy market.

# In October 2018, Merck opened its M Lab Collaboration Center in Sao Paulo

# In May 2019, Beckman Coulter launched ClearLLab 10C System

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Geographical Growth Scenario:

North America is the largest regional market for cell isolation market

The cell isolation market is segmented into four regions, namely, North America, Europe, Asia Pacific and Rest of the world. In 2019, North America accounted for the largest share of the cell isolation market. The large share of North America can be attributed to technological advancements, growth in the biotechnology and pharmaceutical industries, increasing prevalence of chronic and infectious diseases, and higher investments in cell-based research in the region.

Veterinary PoC Diagnostics Industry - Major Leaders & Their Dominance in the Global Industry

Overview of This Study:

The study involved four major activities in estimating the size of the global veterinary point-of-care diagnostics market. Exhaustive secondary research was done to collect information on the adoption of different technologies and their regional adoption trends. Industry experts further validated the data obtained through secondary research through primary research.

Furthermore, the market size estimates and forecast provided in this study are derived through a mix of the bottom-up approach (country-level incidence data for various diseases) and top-down approach (assessment of utilization/adoption/penetration trends, by product, technology, application, animal type, and end user). After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Major Growth Driving Factors:

Factors such as increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for the rapid detection of these diseases, along with the advantages of POCT over laboratory analysis are driving the growth of this market during the forecast period. However, the high cost of veterinary imaging instruments is restraining the growth of this market to some extent.

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Global Leading Companies:

Some of the other prominent players operating in the veterinary point-of-care diagnostics market are Heska Corporation (US), Virbac (France), Thermo Fisher Scientific, Inc. (US), Eurolyser Diagnostica GmbH (Austria), Woodley Equipment Company (UK), Randox Laboratories LTD. (UK), AniPOC, Ltd. (UK), Carestream Health, Inc. (a part of ONEX Corporation) (Canada), NeuroLogica Corporation (a part of Samsung Electronics Co. Ltd.) (South Korea), and FUJIFILM SonoSite (a part of FUJIFILM Holdings Corporation) (Japan).

Zoetis, Inc. (US) dominated the global veterinary point-of-care diagnostics market 2018. The company has a diversified product portfolio, which includes a wide range of point-of-care diagnostic products. IDEXX’s position in the market is attributed to its active R&D activities and wide distribution footprint across the world. To garner a larger share of the market, the company continuously focuses on product developments and launches.

IDEXX Laboratories, Inc. (US) accounted for the second-largest share of the veterinary point-of-care diagnostics market in 2018. Its dominance in the market can be attributed to its wide range of product offerings and its strong geographical footprint. In 2018, the company acquired Abaxis, Inc. (US), a pioneer in the veterinary point-of-care diagnostics industry for USD 2.0 billion. The company also focuses on R&D activities to develop its animal health solutions that meet the customers’ demands.

Recent Developments by Leading Companies:

# In 2019, IDEXX Laboratories launched a Canine Progesterone Test for Catalyst Dx and Catalyst One Chemistry Analyzers.

# In 2019, Zoetis, Inc. launched Stablelab, a handheld point-of-care diagnostic blood test for equine.

# In 2019, FUJIFILM SonoSite partnered with Partners Healthcare (US) to enable clinicians to perform scans at point of care.

# In 2019, Eurolyser partnered with Sysmex Corporation (Japan) to sell Eurolyser’s point of care systems measuring CRP.

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Geographical Growth Scenario:

North America will continue to dominate the market during the forecast period

The market, by region, is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the veterinary point-of-care diagnostics market in 2018. The large share of North America in the global market can be attributed to the increasing adoption of companion animals, growing veterinary healthcare expenditure, and rising demand for animal-derived food products.

Electrosurgery Market - Dominance of Global Leading Companies

Recent Developments:

# In April 2022, Ethicon, Inc. (US) (J&J) launched an electrosurgical generator for use in a wide variety of open and laparoscopic procedures. It is a microprocessor-controlled, isolated output, high-frequency generator with the ability to facilitate both monopolar cutting and coagulation as well as bipolar coagulation through an accessory electrode.

# In May 2022, collaboration between Medtronic (Ireland) and DaVita Inc. (US) aimed at the formation of a new, independent kidney care-focused medical device company ("NewCo" or "the Company") to enhance patient treatment experience and improve overall outcomes.

Global Leading Companies:

Prominent players in this market include Medtronic plc (Ireland), Ethicon, Inc. (a subsidiary of Johnson & Johnson, US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), CONMED Corporation (US), Boston Scientific (US), Smith and Nephew Plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), BOWA-electronic GmbH & Co. KG (Germany), The Cooper Companies, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet Holdings, Inc. (US), Utah Medical Products Inc. (US), Encision Inc. (US), Stryker Corporation (US), Meyer-Haake GmbH Medical Innovations (Germany), Surgical Innovations (UK), I. C. Medical, Inc. (US), Symmetry Surgical Inc. (US), and Applied Medical Resources Corporation (US).

Projected Revenue Surge:

The electrosurgery market is projected to reach USD 8.3 billion by 2027 from USD 6.2 billion in 2022 at a CAGR of 6.0% during the forecast period.

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Major Growth Driving Factors:

The growth of this market is mainly driven by factors such as the growing prevalence of chronic diseases, increasing demand for minimally invasive procedures, innovation and technological advancements in electrosurgical instruments, increasing number of hospitals (coupled with the increasing number of surgical procedures), and the shifting preference toward outpatient surgeries in developed regions.

Medtronic, plc.

Medtronic is the leading player in this market. The company offers a wide range of products in the field of electrosurgery. Medtronic strategically invests in R&D to strengthen its position in the market. It invested USD 2,493 million, USD 2,331 million, and USD 2,330 million in R&D in 2021, 2020, and 2019, respectively. The company’s strong investments in developing innovative products have helped it to become a reputed player in the electrosurgery market.

Johnson & Johnson (ethicon).

Johnson & Johnson (Ethicon) accounted for the second-largest share of the electrosurgery market in 2021. Johnson & Johnson has a strong brand value among electrosurgery instrument end users and strong R&D capabilities. The company is constantly increasing its investments in R&D to accelerate innovative product development activities. In FY 2021, the company invested USD 14.7 billion in R&D, out of which USD 2.4 billion was invested in its Medical Devices business segment (an increase of 21% compared to FY 2020). These investments are aimed at discovering, testing, and developing new products and improving existing products.

Olympus Corporation.

Olympus Corporation accounted for the third-largest share of the electrosurgery market in 2021. Olympus Corporation is a leading player in the electrosurgery market with a strong leadership mindset and influential vision. The company constantly strives to upgrade its product and technology portfolios with technology upgrades. With its strong geographic presence and wide distribution network, the company has established itself as a leader in the global market. The company significantly invests in R&D activities to add technologically innovative solutions to its portfolio, which helps it to further strengthen its presence in the electrosurgery market.

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This is How Leading Companies are Dominating Global Ablation Technology Market

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2021 to expand their global presence and increase their market shares in ablation technology market.

Major Growth Driving Factors:

The growing elderly population has also driven the incidence of target conditions and contributed to the demand for effective treatment. However, the reuse and reprocessing of devices in developed countries and unfavorable regulatory scenario are key factors limiting the growth of this market. Product recalls and therapeutic challenges related to the efficacy of ablation products are key challenges faced by industry players in the global ablation technology market.

Revenue Growth Expectations, Globally:

The ablation technology market is projected to reach USD 8.1 Billion by 2026 from USD 5.2 Billion in 2021, at a CAGR of 9.3% during the forecast period.

Global Leading Companies:

In 2020, the ablation technology market was dominated by Medtronic, plc. (Ireland), Johnson & Johnson (US), Abbott (US), and Boston Scientific Corporation (US) and CONMED Corporation (US).

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Different Growth Strategies Adopted:

The key growth strategies adopted by the top players in the market include product launches and approvals, expansions, and acquisitions. Product launches and approvals were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

More About Leading Players:

As of 2020, Medtronic plc. (Ireland) holds the leading position in the global ablation technology market. The strong geographic presence across major markets is supporting the growth of the company’s market share. The company primarily focuses on developing technologically advanced ablation products. Medtronic focuses on organic growth through innovation and the launch of new and advanced products. It has a comprehensive product portfolio of ablation devices and technology.

The company leverages its research capabilities and innovative product portfolio to ensure its strong position in the ablation technology market. In June 2021, it secured US FDA expanded approval for the Arctic Front Family of Cardiac Cryoablation Catheters. It also entered into a definitive agreement to acquire EPIX Therapeutics, Inc. (EPIX), a private company that designs and manufactures a catheter-based, temperature-controlled cardiac ablation system for treating patients with cardiac arrhythmias (irregular heartbeats), including AF. These key strategic moves will help the company maintain its market leadership.

Johnson & Johnson has a strong brand value among ablation end users, strong R&D capabilities, and a strong portfolio. The company is constantly increasing its investments in R&D to accelerate product development. The company is constantly enhancing its product portfolio through innovation and product development. This has helped Johnson & Johnson to gain a competitive edge and efficiently address end-user requirements. The new products introduced by Johnson & Johnson within the last five years have contributed about 25% to the company’s sales. Johnson & Johnson focuses on regulatory compliance, end-user feedback, and advancing design and development to ensure the success of its products in the market.

Over the last three years, the company has focused less on inorganic growth strategies in the ablation technology market. The high dependence on third-party raw material suppliers has also been a major challenge for the company.

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Recent Developments:

# In June 2021, Boston Scientific announced the acquisition of the remaining shares of FARAPULSE. The acquisition complemented Boston Scientific's electrophysiology segment, bringing pulsed-field ablation technology to its portfolio.

# In April 2021, Olympus Corporation shifted the global headquarters of its Therapeutic Solutions Division from Tokyo to the US for better access to the medical industry and to generate greater growth through stronger business opportunities.

# In January 2021, AtriCure announced FDA approval for expanding labeling claims for cryo nerve block (cryoNB) therapy to include the treatment of adolescent patients (12-21 years of age).

# In January 2019, Medtronic entered into a definitive agreement to acquire EPIX Therapeutics, Inc. (EPIX), a private company that designs and manufactures a catheter-based, temperature-controlled cardiac ablation system to treat patients with cardiac arrhythmias (irregular heartbeats), including AF.

Key Players in the European Medical Equipment Maintenance Market

Growth Boosting Factors:

Growth in this market is primarily driven by the rising focus on preventive medical equipment maintenance, growth in associated equipment markets, adoption of innovative funding mechanisms, growing government initiatives to improve healthcare infrastructure of hospitals and the increasing purchase of refurbished medical equipment. However, the high initial costs and significant maintenance expenditure may hinder the growth of this market during the forecast period.

Projected Surge in Revenue Generation:

The European medical equipment maintenance market is projected to reach USD 19.0 billion by 2026 from USD 12.2 billion in 2021, at a CAGR of 9.3% during the forecast period.

Global Leading Companies:

In 2020, the European medical equipment maintenance market was dominated by GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), and FUJIFILM Holdings Corporation (Japan).

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GE Healthcare (US) held the leading position in the European medical equipment maintenance market in 2020. The company’s service portfolio includes a wide range of medical equipment services through which it caters to the demand of various end users, including hospitals, ambulatory surgical centers, dialysis centers, and dental clinics. The company also offers multi-vendor services associated with diagnostic imaging systems.

In order to ensure its future growth, the company adopted strategies such as partnerships, agreements, and mergers and acquisitions to strengthen its service portfolio and customer base and expand its presence across various regions. GE Healthcare has a strong product portfolio, supporting around medical OEMs, hospitals and specialty clinics worldwide. The company is focused on innovations and improving the quality of its services with increasing investment in its biomedical engineering training.

Siemens Healthineers (Germany) held the second position in the European medical equipment maintenance market in 2020 due to its significant presence in the medical imaging, laboratory diagnostics, medical information technology, and hearing aid sectors. The company focuses on putting maximum efforts into its selected growth fields and prioritizes businesses for resource allocation. Siemens Healthineers also focuses on strengthening its business through partnerships and agreements.

Different Growth Strategies Adopted by Key Players:

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to expand their global presence and increase their market shares in the European medical equipment maintenance market. The key growth strategies adopted by the top players in the market include agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

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Healthcare IT Industry - This is How Leading Players are Dominating Global Growth

Major Growth Influencing Factors:

Growth in this market is driven by the government mandates and support for healthcare IT solutions, the rising adoption of big data analytics, and the need to reduce the escalating healthcare costs. However, high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries is expected to restrain the growth of this market to a certain extent.

Global Leading Companies:

Prominent players in the healthcare IT market include Optum, Inc. (US), Cerner Corporation (US), Cognizant (US), Change Healthcare (US), Koninklijke Philips (Netherlands), Epic Systems Corporation (US), Dell Technologies, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), athenahealth (US), GE Healthcare (US), Oracle Corporation (US), Wipro Limited (India), IBM (US), eClinicalWorks (US), Infor (US), Conduent (US), Conifer Health Solutions, LLC (US), Nuance Communications, Inc. (US), 3M (US), SAS Institute, Inc. (US), Carestream Health (US), Inovalon (US), Practice Fusion, Inc. (US),  Intersystems Corporation (US), Tata Consultancy Services (India).

Growth Strategies Adopted by Key Players:

These companies adopted strategies such as product launches, agreements, partnerships, expansions, collaborations, and acquisitions to strengthen their market presence in the healthcare IT market.

Projected Surge in Revenue Generation:

The global healthcare IT market in terms of revenue was estimated to be worth $394.6 billion in 2022 and is poised to reach $974.5 billion by 2027, growing at a CAGR of 19.8% from 2022 to 2027.

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Optum, Inc. (US) was one of the leading market players in the healthcare IT market in 2021. Optum, Inc. provides HCIT solutions to healthcare payers, providers, employers, and government & life science companies. The company primarily operates through three business segments—OptumHealth, OptumInsight, and OptumRx. The OptumHealth segment is involved in care delivery, care management, wellness & consumer engagement, and health financial services.

The OptumInsight segment provides software & information products, such as clinical documentation solutions, advisory consulting services, and business process outsourcing, to organizations in the healthcare industry. OptumRx provides solutions and services to the pharmacy sector. The company invests USD 6.4 billion in technology and innovation annually and has offices worldwide with a prominent presence in the US, Australia, the UK, Canada, Brazil, Singapore, and India.

Cerner Corporation is a global provider of HCIT solutions. The products and services offered by the company include HCIT solutions, medical device integration solutions, professional services, remote hosting services, document management, imaging solutions, and other health and welfare services. The company offers these solutions through seven main segments—Licensed Software, Technology Resale, Subscriptions, Professional Services, Managed Services, Support and Maintenance, and Reimbursed Travel.

The major end users of the company’s products include hospitals, single-doctor practices, healthcare providers, individual consumers, employer groups, and healthcare payers. Around 25,000 facilities license the company’s solutions in over 35 countries, including hospitals, physician practices, ambulatory facilities (such as laboratories, behavioral health centers, cardiac facilities, radiology clinics, and surgery centers), extended care facilities, employer sites, and retail pharmacies.

The company operates through several subsidiaries, including Cerner Deutschland GmbH (Germany), Cerner France, Cerner Iberia S.L. (Spain), Cerner Ireland Ltd., and Cerner Limited (UK). Cerner is consistently improving its product offerings by integrating its PHM solutions with other healthcare IT solutions such as telehealth, EHR, and patient portal platforms to promote virtual patient care.

Recent Developments:

# In October 2022, Optum acquired Change Healthcare. The acquisition will connect and simplify the core clinical, administrative, and payment processes that providers and payers depend on to serve patients, resulting in lower costs and a better experience for all stakeholders. The company announced plans to acquire Change Healthcare in 2021.

# In June 2022, Cerner partnered with Hazelden Betty Ford Foundation. The Oracle Cerner EHR and Xealth's digital therapeutic distribution platform made it easier for Hazelden Betty Ford clinicians to personalize patient care by assigning them digital content, including therapeutic education, exercises, and workshops, accessible via the EHR's patient portal.

# In March 2022, Cognizant (US) collaborated with Microsoft (US). The collaboration aimed to deliver a new digital health solution to enhance remote patient monitoring and virtual health, utilizing products like smart watches, blood pressure monitors, and glucose meters to collect and communicate patient health data to providers for improved medical care.

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Healthcare providers will be the largest end user segment among healthcare providers in the healthcare IT market.

Based on end users, the healthcare providers segment accounted for the largest share in the global market during the forecast period. Factors such as stringent government regulations and the need to improve patient care while increasing operational efficiency account for this share. The increasing number of patients, hospitals, and ambulatory care centres and the strong purchasing power of hospitals are also driving the growth of this end-user segment.

Fertility Test Market - Drivers, Restraints, Challenges & Opportunities

Drivers: Increasing First-Time Pregnancy Age

Over the last few decades, the average age of first-time pregnancy has increased drastically across the globe, owing to the decline in first births among teenage women and the increase in first births among women over the age of 30. According to the OECD, the average age at which women give birth now stands at 30 or above; this trend is mostly being observed as women across the globe are showcasing a greater preference for postponing first-time pregnancies.

Restraints: Lesser Precision of Ovulation Prediction Kits

Ovulation prediction kits measure the luteinizing hormone (LH) surge that precedes about 24-36 hours prior to ovulation. These kits, however, cannot accurately confirm ovulation. In conditions such as luteinized unruptured follicle syndrome (in which a woman's egg fails to emerge from its follicle after the LH surge occurs), ovulation predictors fail to give accurate results. Also, urinary LH measurement is only predictive of the onset of ovulation and cannot determine the date of ovulation or anovulation, thereby only indicating a very small period (of only about two days) of the fertile window.

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Challenges: High Cost of Fertility Testing Monitors

Price and brand recognition are two important criteria for the adoption of fertility testing kits and monitors across the globe. Being elective and non-reimbursable in nature, the price of a device is a prime determinant for its use. Although advanced branded fertility monitors possess high accuracy in identifying the fertility window, they are priced at a premium due to the high costs involved in maintaining brand loyalty, obtaining regulatory approvals, and incorporating the software in the systems. Owing to the high cost of these fertility monitors, a very limited number of patients in developing countries can afford them. This, in turn, is limiting the acceptance of these products, mainly in developing countries.

Opportunities: Emerging Nations to Offer New Growth Avenues

Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities to players operating in the fertility test market. The demand for fertility and ovulation monitors in emerging countries is expected to grow significantly in the coming years due to the rising infertility rates, increasing prevalence of PCOS and obesity, growing fertility education, and easy availability of fertility monitors through e-commerce websites, pharmacies, and retail shops/drugstores. In addition, friendly regulatory policies and less competition among players in developing markets (as compared to developed markets) have encouraged companies to focus on emerging countries.

Recent Developments:

# February 2021, Fertility Focus partnered with ExSeed Health, a home-based sperm testing company. Under this partnership, both companies would together provide solutions to couples planning a pregnancy.

# May 2019, Fertility Focus (UK) launched an updated version of OvuSense App- OvuSense App v.2—with features such as increased flexibility in data viewing (three different ways), more choices for logging events than most of the apps, and increased accuracy in terms of monitoring cycles.

# January 2017, NFI Consumer Healthcare (US), a division of Gregory Pharmaceutical Holdings (US), completed the acquisition of the e.p.t OTC pregnancy.

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Dental Laboratories Industry Future Growth Dynamics

Major Growth Boosting Factors:

The growth of this market is primarily driven by factors such as rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, development of technologically advanced solutions, growing dental tourism in the emerging markets, rising incidence of dental caries and other periodontal diseases, and the increasing number of dental laboratories investing in CAD/CAM technologies. The growing demand for cosmetic dental procedures indicates strong growth opportunities.

Factors Which May Hinder Growth:

On the other hand, the high cost of dental materials and equipment, the increasing cost of dental surgery, and the lack of access to medical reimbursement policies are major factors expected to restrain the market growth. Pricing pressures faced by prominent market players and a dearth of skilled professionals are major market challenges.

Global Industry Growth Prediction:

The global dental laboratories market is estimated to grow at a CAGR of 5.9% during the forecast period. The market is projected to reach USD 46.5 billion by 2027 from USD 35.0 billion in 2022.

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Global Dental Laboratories Market Segmentation:

The dental laboratories market, by material, includes only indirect restorative materials, which accounted for 65.3% of the overall dental laboratories market in 2021. This market segment is projected to reach USD 4,963.6 million by 2027 from USD 3,635.2 million in 2022 at a CAGR of 6.4% during the forecast period. Based on (indirect restorative) material, the dental laboratories market is segmented into metal-ceramics, traditional-all ceramics, CAD/CAM materials, plastics, and metals.

Based on equipment, the dental laboratories market is segmented into 3D printing systems, integrated CAD/CAM systems, articulators, furnaces, scanners, milling equipment, and others. The rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, development of technologically advanced solutions, growing dental tourism in emerging markets, rising incidence of dental caries and other periodontal diseases, and increasing outsourcing of customization, digitalization of laboratories, increasing adoption of 3D printing systems, and the increasing number of dental laboratories investing in CAD/CAM technologies drive the growth of the equipment market.

Prosthetic dentistry involves diagnosing and treating infected teeth and reconstructing missing teeth, using crowns, bridges, dentures, veneers, clear aligners, and inlays & onlays. Dental prosthetics offer a more permanent solution than endodontic treatments. The rising edentulous population drives the growth of this market segment.

According to the WHO, globally, ~30% of individuals aged 65–74 years are edentulous. This huge consumer base provides strong growth opportunities for dental prosthetics in the dental laboratories market. In addition, the introduction of technologies such as CAD/CAM has significantly improved dentistry procedures. This is another major factor supporting the market for various dental prosthetics.

Geographical Growth Dynamics:

The global dental laboratories market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, Europe accounted for the largest share of 32.5% of the global dental laboratories market, followed by North America (31.4%), the Asia Pacific (30.2%), Latin America (4.7%), and the Middle East and Africa (1.1%). The Latin American market is expected to grow at the highest CAGR during the forecast period due to the rapid growth in the geriatric population, the increased outsourcing of prosthesis manufacturing, rising disposable incomes, and growing dental tourism.

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Liquid Handling System Market - This is How Leading Players are Influencing Global Growth

 Growth Boosting Factors:

The growth of this market is majorly driven by the global expansion of pharmaceutical & biotechnology industries, Significant R&D expenditure by biopharma companies, Increasing funding for life science research, growing market demand for high-throughput screening, Increasing focus on data precision and accuracy, Increasing labor costs leading to higher automation requirements. However, Premium pricing of liquid handling systems and slow adoption of automation in small and medium-sized laboratories may restrain the market growth.

Global Market Size:

The global Liquid Handling System market is projected to reach USD 5.8 Billion by 2027 from USD 4.6 Billion in 2022, at a CAGR of 4.6 % during the forecast period.

Leading Companies Operating in This Market:

The liquid handling system market is highly consolidated and is dominated by various players. The major players operating in this market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf (Germany), PerkinElmer Inc. (US), Agilent Technologies, Inc. (US), Sartorius AG (Germany), Mettler-Toledo International Inc. (US), Qiagen (Netherland), Corning Incorporated (US), Lonza Group Ltd. (Switzerland), Tecan Group Ltd. (Switzerland), Brooks Automation Inc. (US), Endress+Hauser Group Services AG (Sweden), Brand GmbH & Co. KG (Germany), Greiner Bio-One international GMBH (Germany), Gardner Denver (US), Hamilton Company (US), Gilson Incorporated (US), Hudson Robotics (US), HiTec Zang GMBH (Germany), Integra Biosciences AG (Switzerland), Metrohm A.G (Switzerland), Orochem Technologies Inc. (US), SPT Labtech Ltd.(UK), and Tomtec (US).

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Thermo Fisher Scientific is a leading player of the liquid handling systems market in 2021. The company invested USD 1,406 million in R&D activities in 2021. Thermo Fisher’s extensive R&D enables the company to enhance its technology, software, and service capabilities. A significant focus on R&D activities also helps the company provide innovative products and maintain and improve its competitive position in the liquid handling market space. With its broad product portfolio, strong marketing efforts, and wide geographic presence, the company is expected to grow at a high rate in the liquid handling market during the forecast period.

Danaher Corporation is an important player in the liquid handling market. Its subsidiary Beckman Colter offers analytical instruments, reagents, and consumables. In 2021, the company spent USD 1,742 million on R&D. Furthermore, research and development increased nearly 30%, allowing us to deliver breakthrough innovation more quickly. It is focused on opportunities to extend its global reach and advance its technology; Sales in 2021 for this segment by geographic destination were North America 36%, Western Europe 27%, other developed markets 6% and high-growth markets 31%. This highlights its strong presence and focuses on high-growth markets across Eastern Europe, the Middle East, Africa, Latin America, and Asia.

Different Growth Strategies Adopted by These Players:

Product innovation, Partnerships and collaborations, Mergers and acquisitions, Geographic expansion and Service offerings are the major growth strategies adopted by the key players to maintain their dominance in the global market.

Conclusion:

In conclusion, the global liquid handling system market is highly competitive, and key players are adopting a range of growth strategies to gain a competitive advantage. These strategies include product innovation, partnerships and collaborations, mergers and acquisitions, geographic expansion, and service offerings. Companies that are able to effectively execute these strategies are likely to see continued growth in the global liquid handling system market.

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Liquid Handling Systems: Enhancing Precision and Accuracy in Scientific Research

 Introduction:

As scientific research continues to evolve and advance, so too do the tools and equipment used in the field. One such tool that has become increasingly essential in the laboratory setting is the liquid handling system. These systems are designed to accurately and precisely measure and dispense liquids in a controlled and consistent manner. From drug discovery to genomics, the liquid handling system has become a vital component in many scientific disciplines.

In this blog, we will explore the benefits and applications of liquid handling systems in scientific research, as well as the different types of liquid handling systems available.

Benefits of Liquid Handling Systems in Scientific Research

One of the primary benefits of liquid handling systems is their ability to increase accuracy and precision in scientific research. Traditional methods of liquid transfer, such as pipetting, can be prone to human error, which can have significant consequences in the research process. Liquid handling systems, on the other hand, offer a higher degree of accuracy and reproducibility, allowing for more reliable and consistent results.

Another benefit of liquid handling systems is their ability to handle a wide range of liquid volumes, from microliters to milliliters. This flexibility makes them suitable for use in a variety of scientific applications, including drug discovery, genomics, proteomics, and more.

Applications of Liquid Handling Systems in Scientific Research

-        Drug Discovery: Liquid handling systems are often used in drug discovery to screen large numbers of compounds for potential therapeutic effects. These systems can dispense tiny amounts of liquid with precision, making it possible to accurately measure and dispense small amounts of liquid.

-        Genomics: In genomics, liquid handling systems are used to prepare samples for DNA sequencing and analysis. These systems can accurately and precisely dispense reagents, enzymes, and other chemicals used in the sequencing process.

-        Proteomics: Liquid handling systems are also used in proteomics to prepare samples for analysis. They can accurately and precisely dispense reagents and enzymes used in protein identification and characterization.

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Different Types of Liquid Handling Systems

There are several different types of liquid handling systems available, each with its own strengths and weaknesses. Some of the most common types of liquid handling systems include:

-        Manual Pipettes: These are handheld devices that allow for precise liquid transfer. They are commonly used for small-scale applications and are typically less expensive than other types of liquid handling systems.

-        Electronic Pipettes: These are similar to manual pipettes, but with electronic controls that allow for more precise liquid handling. They are often used in applications that require a higher level of accuracy and precision.

-        Automated Liquid Handling Systems: These systems are designed to handle larger volumes of liquid and can automate many of the liquid handling processes. They are often used in high-throughput applications, such as drug discovery.

Conclusion:

Liquid handling systems have become an essential tool in scientific research, offering increased accuracy and precision in liquid transfer. With the ability to handle a wide range of liquid volumes, these systems are used in a variety of scientific disciplines, from drug discovery to genomics and proteomics. As technology continues to advance, it is likely that liquid handling systems will become even more essential in the laboratory setting, helping researchers to achieve new breakthroughs and discoveries.

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Empowering Healthcare with Information Technology – Forthcoming Innovations & Trends

 Introduction to Latest Trends:

The healthcare industry has been transformed by advances in information technology (IT) over the past few years. From electronic health records to telemedicine, healthcare IT has improved patient outcomes, streamlined operations, and reduced costs. As we look ahead, there are several latest trends in healthcare IT that are set to shape the future of the industry.

These trends include the use of artificial intelligence (AI) and machine learning, the increased adoption of telemedicine, the development of personalized medicine, and the use of big data analytics to drive better patient outcomes. In this fast-changing landscape, it's essential for healthcare professionals, technology providers, and policymakers to stay informed about the latest trends and how they can be leveraged to improve patient care and outcomes.

Targeted Audience:

The targeted audience for this research study includes healthcare professionals, such as doctors, nurses, and healthcare administrators, as well as technology providers, policymakers, and investors in the healthcare IT industry. The study will be particularly useful for those who are looking to stay up-to-date with the latest innovations and trends in healthcare IT and understand how they can be leveraged to improve patient care and outcomes.

The study will provide valuable insights and analysis for anyone interested in the intersection of healthcare and technology, including those who are looking to integrate new technologies into their practices or operations, as well as those who are looking to network with other industry players and gain exposure to new ideas and best practices. Overall, the study will be an important resource for anyone looking to empower healthcare with information technology and drive positive change in the industry.

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Forthcoming Innovations:

The global healthcare IT industry is set to experience several forthcoming innovations in the coming years. Here are a few of the most notable trends to watch:

Artificial Intelligence (AI) and Machine Learning: AI and machine learning have the potential to revolutionize healthcare by enabling more accurate diagnoses, more effective treatments, and more efficient operations. AI can be used to analyze large amounts of data from electronic health records, medical images, and other sources to identify patterns and make predictions. Machine learning algorithms can be trained to recognize disease symptoms, drug interactions, and other key healthcare insights.

Telemedicine and Remote Monitoring: Telemedicine and remote monitoring technologies have seen a significant increase in adoption during the COVID-19 pandemic, and this trend is likely to continue. These technologies enable patients to receive care remotely, reducing the need for in-person visits and enabling more frequent monitoring of chronic conditions. Telemedicine also offers a convenient option for patients who live in remote or underserved areas.

Electronic Health Records (EHRs) and Interoperability: The shift towards electronic health records has been underway for many years, but there is still much room for improvement in terms of interoperability. EHRs must be able to communicate with each other across different healthcare organizations, enabling healthcare professionals to access patient data regardless of where they are being treated.

Personalized Medicine: The growing understanding of genetics and the human microbiome is leading to the development of more personalized treatments for a variety of conditions. By analyzing an individual's genetic makeup and other factors, healthcare professionals can tailor treatments to the specific needs of each patient, leading to better outcomes and fewer adverse events.

Big Data Analytics: The growing availability of large data sets is enabling healthcare professionals to gain new insights into patient outcomes, disease trends, and other key healthcare insights. Big data analytics can help identify patterns and trends that might not be immediately obvious, enabling more effective treatments and better outcomes for patients.

Overall, these forthcoming innovations in the global healthcare IT industry offer significant opportunities for healthcare providers, technology providers, and patients alike. By embracing these trends, the industry can work towards improving patient outcomes, reducing costs, and enhancing the overall quality of care.

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Impact of Forthcoming Trends on Geographical Growth:

The forthcoming innovations in healthcare IT are likely to have a significant impact on the geographical growth of the industry. Here are a few ways in which these innovations are likely to shape the industry's global footprint:

Increased Adoption of Telemedicine: The growing popularity of telemedicine is likely to have a significant impact on the geographical growth of the healthcare IT industry. Telemedicine enables healthcare professionals to provide remote consultations and treatments, which is particularly important for patients living in remote or underserved areas. As such, the adoption of telemedicine is likely to be higher in regions with large rural populations or a shortage of healthcare professionals.

AI and Machine Learning: The adoption of AI and machine learning is likely to be highest in regions with strong technology industries, such as North America and Asia-Pacific. These regions have well-established technology ecosystems and a highly skilled workforce that is well-suited to developing and implementing AI-based solutions.

Personalized Medicine: The development of personalized medicine is likely to be most pronounced in regions with strong healthcare research industries, such as North America and Europe. These regions have large and well-funded research institutions that are actively working to advance our understanding of genetics and the human microbiome.

Big Data Analytics: The adoption of big data analytics is likely to be highest in regions with well-established healthcare systems and a large volume of patient data, such as North America and Europe. These regions have well-established electronic health records systems and a large pool of patients that can be used to generate insights.

Overall, the impact of forthcoming innovations in healthcare IT on geographical growth is likely to be complex and multifaceted. The adoption of these innovations will depend on a wide range of factors, including regional differences in healthcare systems, technology infrastructure, and patient needs. Nevertheless, it is clear that these innovations have the potential to transform the global healthcare industry and improve patient outcomes around the world.

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