Technology
Chromatography Market size is set to grow by USD 3.99 billion from 2024-2028, Increasing number of conferences and symposiums to boost the market growth, Technavio
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1 month agoon
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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global chromatography market size is estimated to grow by USD 3.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 6.78% during the forecast period. Increasing number of conferences and symposiums is driving market growth, with a trend towards technological advances. However, high costs and lack of skilled technicians poses a challenge. Key market players include Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Technology (Liquid chromatography, Gas chromatography, Ion-exchange chromatography, and Others), End-user (PBC, RFAI, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW))
Region Covered
North America, Europe, Asia, and Rest of World (ROW)
Key companies profiled
Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc.
Key Market Trends Fueling Growth
The chromatography market is experiencing significant growth due to the increasing demand for advanced and automated systems. These systems offer improved accuracy, efficiency, and lower costs, making them essential for sectors like biotechnology and pharmaceuticals. Automated chromatography technologies have revolutionized research centers by enabling advancements in cancer research, drug screening, and cytotoxicity testing. In response to this trend, vendors are introducing fully automated molecular platforms, such as Thermo Fisher’s Vanquish Horizon UHPLC System and Shimadzu’s Nexis GC-2030, which offer high sample capacity, industry-leading performance, and customizable workflows. Thermo Fisher’s 2021 Chromatography Innovation Series is another example of cutting-edge technology designed to address complex analytical challenges. These product offerings are driving sales and high-volume production, contributing to the growth of the global chromatography market.
Chromatography market trends include advancements in healthcare, automation, sample handling, efficiency, and throughput in laboratories. Chromatography instruments are evolving with technological innovations in differential partitioning using both liquid and gas phases. Stationary phases and mobile phases are becoming more compact and portable, enabling on-site analysis and point-of-care testing. Miniaturization and microfluidic technologies are enhancing sensitivity and capabilities of analytical instruments. Column technologies offer higher resolution, and compact, portable chromatography systems cater to various industries, including pharmaceutical, food, and environmental. Regulatory standards require efficient sample processing and rapid separations. The market comprises various components, such as chromatography equipment, gas supplies, columns, and consumables.
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Market Challenges
Chromatography is a widely used separation technique in various industries, including biotechnology, pharmaceutical, chemical, cosmetic, food and beverage, and environmental testing. It is essential for isolating, purifying, and analyzing molecules from complex compounds. However, the implementation of chromatography systems comes with significant capital expenditures and the requirement of skilled laboratory technicians. For instance, gas chromatography (GC) is a crucial technique for chemical compound separation and analysis. Benchtop GC systems are heavy, power-intensive, and expensive, making them a challenge for small players and research laboratories. Portable GC systems are an alternative, but affordability remains a concern. Similarly, High-Performance Liquid Chromatography (HPLC) is a dominant technology in drug analysis laboratories worldwide. However, the high cost of these systems and the need for specialized training pose challenges. For example, Agilent Technologies’ Agilent 1290 UHPLC Infinity DAD System is priced at USD39,500, while the Agilent 1200 Preparative HPLC System is priced at USD39,000. Thermo Fisher’s UltiMate 3000 is priced at USD23,000, Waters corporation’s 2695 HPLC Separations Module (ELS 2420) System is priced at USD14,900, and the Waters Alliance 2790 HPLC Separations Module with 996 PDA Detector is priced at USD11,999. The high cost of chromatography systems will restrict the growth of the global chromatography market during the forecast period.
The Chromatography Market faces several challenges in various industries, including the petrochemical sector and the petroleum industry. Gas chromatography columns are essential for analyzing complex mixtures, but their manufacturing cost and volume can be high. In protein therapeutics, column chromatography plays a crucial role in purification, but equilibration, wash, elution, regeneration, and sanitization processes require careful optimization. In biopharmaceuticals, manufacturing cost and volume are key concerns, along with the need for automated sample handling, data processing, and stringent quality standards. Alternative techniques, such as antibody-based chromatography, are being explored to reduce costs and improve analytical performance. Prepacked columns, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, and mobile phase accessories are essential column accessories. Pressure regulators, fraction collectors, and prepacked columns are vital for efficient chromatography in various applications, including proteomics, metabolomics, drug development, and quality control. The market for chromatography is vast and diverse, encompassing applications in pharmaceuticals, biotechnology, and environmental science. Chromatography’s ability to analyze new drugs, biologics, monoclonal antibodies, vaccines, and other complex molecules continues to drive innovation and growth in this field.
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Segment Overview
This chromatography market report extensively covers market segmentation by
Technology 1.1 Liquid chromatography1.2 Gas chromatography1.3 Ion-exchange chromatography1.4 OthersEnd-user 2.1 PBC2.2 RFAI2.3 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)
1.1 Liquid chromatography- The liquid chromatography segment dominated the global chromatography market in 2023, driven by its extensive applications in various industries. This analytical technique is crucial for separating, identifying, and quantifying small molecules in mixtures. The pharmaceutical sector is a significant adopter of liquid chromatography systems due to their use in analyzing raw materials for novel drug development, purifying drug components, and isolating proteins like insulin, plasma fractionation, and enzymes. Liquid chromatography also plays a pivotal role in DNA fingerprinting and bioinformatics. Manufacturers like Agilent Technologies offer advanced liquid chromatography systems, such as the Agilent 1290 Infinity II LC System, which features multi-wash capabilities for detecting complex compounds. Agilent’s recent introduction of the Agilent 6495D LC/TQ and the Agilent Revident LC/Q-TOF further strengthens their product portfolio. Institutions, such as the Academy of Applied Pharmaceutical Sciences (AAPS) in Canada, provide training on liquid chromatography techniques, making graduates eligible for employment in various sectors like pharmaceuticals, biopharmaceuticals, food, chemical, environmental, healthcare, and clinical research. The availability of training programs and certifications, including HPLC – Intermediate and HPLC – Advanced Method Validation and Technology Transfer, increases awareness and adoption of liquid chromatography products, fueling the market’s growth. These factors are expected to drive the growth of the liquid chromatography market during the forecast period.
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Learn and explore more about Technavio’s in-depth research reports
The Global Gas Chromatography Market is experiencing robust growth, driven by advancements in pharmaceutical and biotechnology industries. This market is expected to expand significantly due to increased demand for precise and efficient analytical techniques. Similarly, the Global Affinity Chromatography Reagents Market is growing rapidly, fueled by rising research activities in drug discovery and development. The adoption of affinity chromatography in biopharmaceuticals is enhancing the market’s potential, making it a crucial component in the purification and analysis of biomolecules.
Research Analysis
Chromatography is a versatile analytical technique used to separate, identify, and quantify components in complex mixtures. Liquid chromatography (LC), a type of chromatography, includes variations such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in Pharmaceutical R&D for purifying drugs and investigating their mechanisms of action. In the Food industry, they ensure food safety by detecting contaminants. Gas chromatography (GC), another chromatographic method, is essential in the Oil & gas industry for petrochemical applications and the Petroleum industry. Environmental pollution monitoring also benefits from chromatography. Capillary columns and small- & medium-sized companies, academic institutions, and even alternative techniques contribute to the market’s growth. Column chromatography’s analytical performance depends on factors like equilibration, wash, elution, regeneration, and sanitization. Protein therapeutics and antibodies are significant areas of interest. The market faces challenges in manufacturing cost and volume. Different chromatographic techniques cater to various industries, with GC columns for volatile compounds and LC columns for non-volatile ones.
Market Research Overview
Chromatography is a powerful analytical technique used for separating, identifying, and quantifying compounds based on their physical or chemical properties. Liquid chromatography (LC), a type of chromatography, includes sub-techniques such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in various industries, including Pharmaceutical R&D for purifying biologics like protein therapeutics, monoclonal antibodies, and vaccines; food safety concerns; oil & gas industry for petrochemical applications and petroleum industry; and environmental pollution control. Capillary columns, gas chromatography (GC), and GC columns are other essential components of chromatography. Small- & medium-sized companies and academic institutions also contribute significantly to the market. Technological advancements in column chromatography, equilibration, wash, elution, regeneration, sanitization, and alternative techniques have led to improved analytical performance, chromatographic efficiency, and sensitivity. Chromatography is used in various fields, including drug development, quality control, testing, new drugs, stringent quality standards, and biotechnology. It is also applied in environmental science, healthcare, automation, sample handling, proteomics, metabolomics, and other areas. Chromatography instruments, column accessories, autosampler, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, mobile phase accessories, fraction collectors, pressure regulators, prepacked columns, and empty columns are essential components of chromatography systems.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TechnologyLiquid ChromatographyGas ChromatographyIon-exchange ChromatographyOthersEnd-userPBCRFAIOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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Consumer IAM Market worth $21.0 billion by 2030- Exclusive Report by MarketsandMarkets™
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DELRAY BEACH, Fla., Sept. 24, 2024 /PRNewswire/ — When forecasted globally, the Consumer IAM Market is projected to rise from USD 12.5 billion in 2024 to USD 21.0 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period, according to a new report by MarketsandMarkets™. An increasing significance of strict regulatory compliance has driven the CIAM adoption rapidly. Apart from this, a high volume of online transactions requiring secure user access management is further driving significant expansion in the Consumer IAM Market.
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693 – Tables
67 – Figures
453 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2030
Base year considered
2023
Forecast period
2024–2030
Forecast units
Value (USD Billion)
Segments Covered
Offering, Solution, Services, Authentication Type, Deployment Mode, Organization Size, Vertical, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
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When segmenting the Consumer IAM Market by services, the integration and deployment services acquire the largest market size for several compelling reasons. The CIAM solution, while being implemented in an organization, often poses difficult integration challenges with the existing IT infrastructure, applications, and databases. These integration and deployment services ensure that such solutions are seamlessly integrated into the business environment to provide interoperability and enhanced security. This segment is further driven by the fact that the demand for expert assistance in customizing a CIAM solution remains so that it best fits organizational needs. Besides, with the increasing adoption of cloud-based CIAM solutions comes a greater requirement for professional deployment services that ensure smooth transitions and optimum performance of the solution implemented. Such services provide faster time-to-value, reduced implementation risks, and compliance with regulatory requirements, hence becoming essential in the Consumer IAM Market.
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Optical Transceiver Market is expected to generate a revenue of USD 31.83 Billion by 2031, Globally, at 14.79% CAGR: Verified Market Research®
Published
55 mins agoon
September 24, 2024By
Verified Market Research® is proud to announce the release of its latest market research report, ” Optical Transceiver Market Size and Forecast,” a comprehensive study tailored to provide industry leaders with actionable insights and strategic guidance. This report offers crucial insights into the rapidly evolving landscape of optical transceivers, a vital technology for the expansion of high-speed data transmission in telecommunication, data centers, and enterprise networks.
LEWES, Del., Sept. 24, 2024 /PRNewswire/ — The Global Optical Transceiver Market Size is projected to grow at a CAGR of 14.79% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 10.56 Billion in 2023 and is expected to reach USD 31.83 Billion by the end of the forecast period.
As the demand for faster and more reliable data transmission surges, optical transceivers have become indispensable in sectors ranging from telecommunications to data centers and cloud services. This report is designed to equip C-level executives, product managers, and decision-makers with the data and analysis needed to drive strategic initiatives, investments, and innovations in this critical market.
Key Insights of the Report Include:
Market Growth Projections: Detailed analysis of the market’s growth trajectory, projected to expand significantly due to the increasing demand for higher bandwidth, cloud computing, and 5G networks.Competitive Landscape: A thorough examination of the competitive environment, featuring key players such as II-VI Incorporated, Accelink Technologies, Lumentum Operations LLC, Sumitomo Electric Industries Ltd., Fujitsu Optical Components Limited, Broadcom Inc, with insights into their strategies, product innovations, and market positioning.Technological Advancements: Analysis of the latest technological innovations, including 400G and 800G transceivers, along with the role of optical transceivers in enabling future-ready networks.Regional Insights: Comprehensive breakdown of market opportunities across North America, Europe, Asia-Pacific, and other key regions, identifying growth hotspots for industry leaders to capitalize on.
Why This Report Matters for Industry leaders:
Actionable Data: Provides precise market forecasts, key trends, and potential challenges that will impact the global optical transceiver market in the coming years.Competitive Edge: Stay ahead of the competition with exclusive insights into R&D activities, mergers and acquisitions, and emerging market disruptors.Customizable Solutions: Our report offers tailored analysis to meet the specific needs of businesses in various sectors, ensuring strategic alignment with market opportunities.
Stay ahead of the curve in the ever-evolving Optical Transceiver Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=6698
Browse in-depth TOC on “Global Optical Transceiver Market Size“
202 – Pages
126 – Tables
37 – Figures
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2031
GROWTH RATE
CAGR of ~14.79% from 2024 to 2031
BASE YEAR FOR VALUATION
2023
HISTORICAL PERIOD
2018-2023
FORECAST PERIOD
2024-2031
QUANTITATIVE UNITS
Value in USD Billion
REPORT COVERAGE
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
Data RateForm FactorFiber TypeDistanceWavelengthConnectorProtocolApplication
REGIONS COVERED
North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
KEY PLAYERS
II-VI Incorporated, Accelink Technologies, Lumentum Operations LLC, Sumitomo Electric Industries Ltd., Fujitsu Optical Components Limited, Broadcom Inc.
CUSTOMIZATION
Report customization along with purchase available upon request
Global Optical Transceiver Market Overview
Rising Demand for High-Speed Internet and 5G Networks: The swift implementation of 5G networks and the rising demand for high-speed internet have stimulated expansion in the Optical Transceiver Market. These transceivers are crucial for facilitating rapid data transmission and minimizing latency in communication. With telecommunications companies enhancing their infrastructure, the need for optical transceivers is anticipated to increase significantly, presenting substantial opportunity for industry participants to gain market share and enhance profitability.
Expansion of Data Centers and Cloud Computing: The Optical Transceiver Market is experiencing substantial growth due to the rapid rise of cloud computing and the proliferation of data centers globally. Data centers necessitate high-capacity optical transceivers to efficiently handle substantial data loads. The increase in demand establishes a profitable landscape for manufacturers and suppliers, enabling them to deliver innovative goods that address the changing requirements of enterprises and service providers.
Advancements in Transceiver Technology: Technological advances, including 400G and 800G transceivers, are pivotal catalysts for the Optical Transceiver Market. These technologies facilitate expedited and more efficient data transmission, corresponding with the increasing need for bandwidth-intensive applications. As businesses endeavor to secure their networks for the future, firms providing sophisticated transceiver solutions are poised to achieve a competitive advantage, facilitating ongoing market growth and enhanced income streams.
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High Initial Investment and Maintenance Costs: The Optical Transceiver Market encounters obstacles stemming from substantial initial investments and continuous maintenance expenses associated with optical networks. This may dissuade small and medium-sized firms from embracing these technologies, thereby hindering market adoption. Companies must prioritize the provision of cost-efficient solutions or adaptable pricing strategies to mitigate this constraint and realize market potential across various industry areas.
Compatibility Issues with Legacy Systems: As enterprises shift to contemporary optical networks, compatibility challenges with existing legacy systems continue to pose a significant barrier in the Optical Transceiver Market. Companies may encounter delays or heightened expenses when upgrading or integrating new equipment. This may hinder the swift adoption of optical transceivers, necessitating providers to provide solutions that facilitate seamless interaction with legacy infrastructure to reduce interruptions and leverage emerging opportunities.
Supply Chain Disruptions and Semiconductor Shortages: Global supply chain disruptions and persistent semiconductor shortages present a considerable challenge to the Optical Transceiver Market. Manufacturers encounter production delays and heightened component costs, affecting their capacity to satisfy escalating demand. To alleviate these risks, industry stakeholders must investigate alternate supply chains, enhance inventory management, and invest in novel production methodologies, thereby ensuring resilience and sustained growth in the long run.
Geographical Dominance
North America occupies a preeminent position in the Optical Transceiver Market owing to its sophisticated telecommunications infrastructure and swift integration of 5G and cloud technologies. The region’s substantial investment in data centers and research and development operations propels innovation, fostering market expansion. Moreover, the Asia-Pacific region is emerging as a high-growth area, characterized by rising demand from telecommunications operators and organizations, hence enhancing the global proliferation of optical transceivers.
Key Players
The “Global Optical Transceiver Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are II-VI Incorporated, Accelink Technologies, Lumentum Operations LLC, Sumitomo Electric Industries Ltd., Fujitsu Optical Components Limited, Broadcom Inc.
Optical Transceiver Market Segment Analysis
Based on the research, Verified Market Research has segmented the global Optical Transceiver Market into Data Rate, Form Factor, Fiber Type, Distance, Wavelength, Connector, Protocol, Application and Geography.
Optical Transceiver Market, by Data Rate:Less than 10 Gbps10 to 40 Gbps41 to 100 GbpsMore than 100 GbpsOptical Transceiver Market, by Form Factor:SFF & SFPQSFPCFPXFPCFPOptical Transceiver Market, by Fiber Type:Single Mode FiberMultimode FiberOptical Transceiver Market, by Distance:Less than 1 km1-10 km11-100 kmMore than 100 kmOptical Transceiver Market, by Wavelength:850 nm band1310 nm band1550 nm bandOthersOptical Transceiver Market, by Connector:LC connectorSC connectorMPO connectorRJ-45Optical Transceiver Market, by Protocol:EthernetFiber ChannelCWDM/DWDMFTTxOther Protocols (SONET, SDH, CPRI)Optical Transceiver Market, by Application:Telecommunication (Ultra-long-haul Network, Long-haul Network, Metro Network)Data Center (Data Center Interconnect, Intra-Data Center Connection)Enterprise (Enterprise Routing, Enterprise Switching)Optical Transceiver Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America
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Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.
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Mr. Edwyne Fernandes
Verified Market Research®
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View original content:https://www.prnewswire.co.uk/news-releases/optical-transceiver-market-is-expected-to-generate-a-revenue-of-usd-31-83-billion-by-2031–globally-at-14-79-cagr-verified-market-research-302256976.html
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