Power Liftgate Market Demand and Strategic Growth Analysis

There are now so many vehicles with power liftgates and trunks that you can find them on hatchbacks, SUVs, minivans, and sedans. Even modern truck tailgates use a variation of the technology. A motorized hatch that electrically opens and closes is referred to as a power liftgate. The power liftgate market is expected to grow at a significant pace in the coming years.

These liftgates reduce the amount of manual labor required to lift large things into cars, speeding up the operation. For smart access, hands-free power liftgates incorporate capacitive motion sensors built into the vehicle's bumper and a precise switch locking mechanism. Because of this, it is expected that demand for hands-free power liftgates would increase considerably in the coming years.

The increasing demand for driving convenience and the rising concern for passenger and vehicle safety are the main factors behind the growth of the power liftgate market.

To increase traffic safety and establish intelligent transportation systems like ADAS and self-driving, manufacturers are creating cutting-edge technologies. Since autonomous vehicles employ power liftgate equipment, the industry is expected to expand as more people start using them.

The increased use of electric vehicles is also expected to spike the demand for power liftgates. Manufacturers of electric cars place a strong emphasis on supplying cutting-edge technologies like power liftgate systems. Government initiatives and programs that are favorable also encourage the use of electric vehicles.

Geographically, APAC is predicted to receive the fastest growth in the coming years because of its high quality of living, growing middle class, and rising car sales. The power liftgate market is being driven by the desire to improve consumer comfort and convenience, as well as the rising popularity of electric cars.

Moreover, the advent of hands-free power liftgate technologies, the rise in demand for autonomous vehicles, and the use of sensors and other electronic components in cars are also driving the demand for power liftgates.

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Increase in Adoption of Cloud Technology in SMEs Boosts High-Performance Computing Market

The high-performance computing market generated revenue of $39,153.9 million in 2021, and it is predicted to grow to $74,101.0 million in 2030, progressing at a 7.3% rate from 2021 to 2030, attributed to the high productivity of the computing technology in research, academic, government, life sciences and defense sector, caused by the advent of cloud HPC solutions, and growing requirement for the high-speed data processing with rising strategic initiatives and governments support.

High Performance Computing Market Size and Share Analysis Growth Forecast to 2030

 Moreover, the cloud category is predicted to experience substantial growth in the high-performance computing market, progressing at an 8% rate from 2021 to 2030, led by the private, public, and hybrid cloud technologies offering flexible and remote access. In addition, deployment of cloud technologies is highly preferred in the organizations that host software on a vendor’s server that can be accessed through a web browser. It mitigates the need for upgrading systems regularly. 

Read Full Report: High Performance Computing Market Revenue Estimation and Growth Forecast Report

In addition, cloud technology lures companies to invest, as they are inexpensive and easy to implement. According to a pay-per-use subscription model, cloud-based software offers a wide range of plans, from the need to budget-based selection. The rising popularity of cloud software is ascribed to the daily operations efficiency, low-cost operations, ease of use, and affordability, resulting in the market proliferation. 

The on-premises category captures a larger high-performance computing market share, accounting for 55%, attributed to the increased focus of the government on the safeguarding of the sensitive information related to the nation’s interests, citizens’ data, and companies’ concerns to maintain the organization’s data, resulting in rising preference of the on-premise infrastructure over cloud infrastructure. 

The server category generates the significant market revenue share, accounting for 35%, owing to the rise in penetration of the data centers, due to increasing investments of several medium-sized companies in the data centers development, resulting in the growing requirement of the public cloud services. 

Moreover, the small and medium-sized enterprises contribute 55% revenue share to the high-performance computing market, due to an increase in the number of small & medium companies that are increasingly using supercomputers. In addition, cloud technology is increasingly adopted by smaller companies due to lower implementation, maintenance costs, and upgrades. Moreover, it provides easy access to remote data, and ease in old legacy systems’ integration with increased efficiency, resulting in reduced operational cost and time for SMEs. 

Furthermore, SMEs pose critical challenges such as skills, scalability, and capital, and cloud-based solutions offer support to address them with the escalation of IT structure as per the need. SMEs face a strong threat to the larger companies in the market competition; therefore, they get benefitted from the adoption of the HPC solutions, resulting in increased productivity.

North America holds the largest high-performance computing market share, accounting for 40%, and it is the most significant IT solutions market, due to the penetration of key industry players, technological advancements, and their surging implementation. In addition, the need of processing raw data in large amounts results in an increased focus on security measures. Therefore, it causes market propulsion with the increased adoption of the cutting-edge technologies that improve HPC solutions applications. 

Therefore, the increased efficiency and low operational cost facilitated by cloud technologies boost the market.

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Why Will North America Dominate the Advanced Distribution Management System Market?

The major drivers for the global advanced distribution management system market are the skyrocketing demand to enhance the power infrastructure in advanced economies, swift deployment of the smart grid technology, and surging requirement for an integrated, efficient, reliable, secure, and one platform for energy transmission management. In 2021, the market was valued at $1,998.0 million, which is predicted to touch $10,097.9 million by 2030, witnessing an approximately 20% CAGR between 2021 and 2030. Since the lifting of the COVID-10 lockdowns, the pending electrical infrastructure projects have gathered steam.

The swift adoption of advanced technologies will assist the advanced distribution management system market players to adapt to the current market dynamics, thereby generating high revenue in the coming years. Energy sector reequipment is boosting the infrastructure with technological innovations. There is a significant increase in energy consumption because of the growing integration of the latest electricity-powered objects, including high-tech consumer and industrial equipment and electric vehicles. Nevertheless, the appropriate degree of energy distribution is not met by the existing engineering management tools, which creates a strong need for infrastructure advancement.

In 2021, the biggest advanced distribution management system market share, of about 35%, was held by distributed energy resource management systems. It is complemented by the extensive government supporting the form of several stringent policies on energy management in the residential sector. For example, the BTO functions with researchers, educators, product makers, utilities, state and local governments, energy experts, and home builders to enhance the energy efficiency of existing and new houses. Moreover, there is an amalgamation of energy efficiency solutions into the construction sector for retrofits and new buildings in the U.S. and many other countries.

The robust adoption of the smart grid technology will spur advanced distribution management system market growth. By allowing renewables to be employed on a larger scale, smart grids could help the electric transportation sector enter the era of digitalization and sustainability. An intelligent power grid could ultimately lower energy usage and the utility sector’s carbon emissions by at least 10% annually by 2030. The surging investment in smart grid technologies, including EV chargers, smart meters, and other interdependent advancements, will propel growth in the market.

A CAGR of at least 20%, the highest in the end user segment, will be witnessed by the energy and utilities sector till 2030. Market players are evolving to cater to the surging demands of the energy and utilities sector for a smarter and more-robust transmission & distribution system. As utility companies throughout the world are gradually adapting to the market trends, the adoption of smart grids will significantly impact how distribution networks operate. Government agencies and Customers expect increasingly more, such as increased dependability and improved customer service.

Geographically, North America dominated the advanced distribution management system market in 2021, accounting for about 32% of the global market revenue. Many utilities in the U.S. are pursuing projects to replace their present distribution systems with new and sophisticated ones. In the same vein, there is a surge in the use of sophisticated technologies in Canada, which will result in rapid infrastructure expansion and, eventually, an increase in ADMS acceptance. Furthermore, the existence of several corporations that provide ADMS solutions is pushing the market advance.

Hence, the rising requirement for an integrated, efficient, reliable, secure, and platform for energy transmission management will drive the market.

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The Future of Endodontic Devices

Endodontic operations are frequent yet specialized procedures carried out in several conventional dental clinics that only focus on endodontics. These treatments address patients whose teeth have root-related issues and demand a variety of equipment made especially for each stage of a root canal surgery.

In 2021, the endodontic devices market accounted for $1,492.0 million worth, which will reach $2,283.4 million value by 2030. The rise in dental infections is mostly to blame for the industry's expansion. The need for endodontic devices is expected to increase in the upcoming years due to the increase in dental tourism activities.

These tools are made to make root canal procedures more efficient and comfortable for both the patient and the dentist. While endodontic files and broaches are primarily used for sculpting the canals, a variety of other endodontic devices are used during root canal procedures.

Due to advancements in delivery systems, that have given dentists several benefits such as simple handling and moving of handpieces during operations, the instruments category, which currently leads the endodontic devices market, is predicted to generate $1,206.7 million revenue in 2030.

Technically advanced tools have a variety of tip types based on form, composition, and length, such as ultrasonic equipment. Additionally, the frequency and intensity of the vibrations produced by the tip in use may be managed with the use of ultrasonic equipment. For example, Kerr Corporation provides a variety of specialty tips, including microsurgical ultrasonic tips with a diamond coating that is intended for endodontic microsurgery.

Although stainless steel hand files have been used almost solely for a long time to prepare canals, these tools might result in steps, deviations, and canal perforations because of their high stiffness and poor flexibility. Rotary Nickel-Titanium (NiTi) tools were brought to the industry to reduce problems and address anatomical difficulties associated with root canal procedures.

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How Does Prevalence of the Chronic Diseases Fuels Growth of the Transplantation Industry?

The transplantation market generates $13,605.9 million revenue, and it is projected to capture $30,117.5 million revenue in 2030, growing at a rate of 9.2% from 2021 to 2030. It is led by the rising incidences of chronic diseases, such as solid tumors, kidney failure, myelodysplastic disorders, plasma cell disorders, along with disorders of the immune system. 

Moreover, immunosuppressive drugs are projected to experience the fastest growth, rising at a rate of 9.6% in the coming future. It is attributed to the growing prevalence of autoimmune disorders, such as multiple sclerosis, alopecia areata, and arthritis, along with the growing incidences of organ failures, more specifically kidney, liver, heart, and lungs. The rising disposable income of the population in emerging nations is also projected to boost the demand for immunosuppressive drugs in the coming future. 

Under the end user segment, hospitals contribute 50% revenue share to the industry, emerging as major centers for tissue and organ transplantation. In addition, the rising advancements in the healthcare infrastructure, along with the presence of a well-defined database of donors and patients requiring transplants fuel the revenue of the hospitals. 

Transplantation centers contribute extensive revenue to the industry, and it is projected to retain their position in the coming years, led by the growing awareness among donors and patients about these centers due to specialty surgeons and staff members for performing procedures. Moreover, the R&D activities performed in these centers, result in advanced transplantation procedures. 

North America captures the 40% share of the transplantation industry. The U.S. leads the region’s industry, led by the massive number of patients requiring organ transplantation for treatment, more specifically for kidneys, liver, pancreas, heart, liver, and lung transplantation. In addition, growing R&D in healthcare increases the success rate of such activities. 

Therefore, the rising prevalence of chronic diseases boosts industry growth, with growing requirements for organ transplantation.

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Radioligand Therapy Becoming Increasingly Preferred in Advanced Cancer Care

Radioligand therapy is an innovative method to treat cancer, wherein radiation is targeted at cancer cells, aiming to impact them as much as possible. A radioligand is comprised of two parts: a ligand and radioisotope. Ligands can detect cancer cells with specific surface molecules, whereas the radioisotope emits radiation to kill them.

Special nuclear reactors are utilized to produce these radioisotopes, which are shipped to the production facility where the cell-targeting compound is bonded with them. The usage of these materials in imaging is majorly in PET and SPECT imaging, which has drastically improved cancer diagnosis rates, thus ensuring more people receive the appropriate care.

The rise in cancer research grants, to find out effective treatments, and the increasing demand for more-effective drugs proliferate the adoption of this therapy. Therefore, in 2021, the radioligand therapy market valued $7,785.6 million; it is expected to advance at a CAGR of 5.9% from 2021 to 2030, to hit the $13,073.9 million mark by 2030, ascribed to the massive usage of FDA-approved drugs that have low side-effects.

Therefore, this treatment is already widely being adopted in the U.S., also attributed to the government initiatives to improve cancer care and the rising number of cancer hospitals and research centers in major cities. For example, U.S. President Joe Biden has announced the rejuvenation of the Cancer Moonshot Program with the new goal of decreasing the death rate caused by cancer in the next 25 years. The availability of advanced oncologic practices, as a result of the R&D funding provided under such government initiatives, will result in the increasing adoption of radioligand cancer therapy.

Hence, several pharmaceutical companies are focusing on R&D in this field, considering its high potential for cancer diagnosis and treatment. For example, the FDA approved Pluvicto by Novartis as a targeted treatment for PSMA-positive metastatic castration-resistant prostate cancer that progresses, in March 2022. Such moves not only allow for better cancer care but also enable pharma and biotech firms to improve their standing in the domain.

Therefore, radioligand therapy is expected to be extensively adopted to treat prostate and other types of cancers and non-cancer conditions.

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Effectiveness of Radiopharmaceuticals in Cancer Detection Increases Cyclotron Demand

Particle therapy is a kind of advanced external-beam radiotherapy that involves the projection of beams of protons, neutrons, and other heavier ions at cancer cells. The highly charged particles facilitate radiation delivery to the tumor and completely stop beyond it, ensuring that healthy tissue remains unharmed.

Hence, with the increasing cancer case count and awareness on the benefits of this advanced form of radiation treatment, the sale of synchrotrons, cyclotrons, and synchrocyclotrons, which are used to accelerate the ions, for their emission at the target cancer cells, fetched medical device manufacturers a combined $797.1 million in 2021, which is all set to increase to $1,634.4 million by 2030.

Recent studies have established it as safe for children, who are, sadly, witnessing an increasing prevalence of malignancies. Moreover, on average 80% of the kids diagnosed with cancer survive at least five years past diagnosis. Proton therapy is highly beneficial in increasing the survival rate among pediatric cancer patients as it decreases the chances of cancer coming back due to radiation. 

Proton therapy provides more protection to healthy tissues, unlike regular X-ray radiation. Therefore, it can be utilized for the treatment of children of all age groups, being highly beneficial for young children and infants.

 

Heavy-Ion Therapy

Just like all kinds of radiation, heavy-ion therapy can be delivered without any incision or pain, which is why it is widely prescribed to elderly patients. The charged heavy ions focus extreme energy at the cancer, minimizing the effects on normal tissues. Heavy-ion therapy is predicted to be effective against intractable cancers, can be utilized where conventional radiation is difficult, and is effective for the treatment of unresectable tumors. 

Carbon-Ion Therapy 

Carbon-ion therapy is also a form of particle therapy, but it cannot be easily accessed, due to its less-common availability; there are only 13 centers in the world that provide it. Carbon ions deliver more energy to the tumor and less to the nearby tissues. This treatment is not meant for children with tumors who are responding to proton therapy or conventional therapy effectively.

Therefore, the rising prevalence of cancer increases the demand for particle therapy due to the minimum damage caused by it to healthy and growing tissues near the tumor.

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