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[Latest] Global Industry 4.0 Market Size/Share Worth 155.76 Billion by 2030 at a 14.3% CAGR: Custom Market Insights (Leaders, Report, Trends, Forecast, Segmentation) – GrassNews
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[Latest] Global Industry 4.0 Market Size/Share Worth 155.76 Billion by 2030 at a 14.3% CAGR: Custom Market Insights (Leaders, Report, Trends, Forecast, Segmentation)

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Sandy, Utah, USA, Oct. 21, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Industry 4.0 Market Size, Trends, and Insights By Application (industry IoT, Smart factory, industry automation), By Vertical Analysis (Electronics and consumer goods, Aerospace and Defense, Oil and gas, Automotive, Energy and utilities, Manufacturing, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Industry 4.0 Market size & share was valued at approximately USD 118.11 Billion in 2021 and is expected to reach a value of around USD 155.76 Billion by 2030, at a compound annual growth rate (CAGR) of about 14.3% during the forecast period 2022 to 2030.”

The rapid advancements that have taken place worldwide have encouraged industrialization to a great extent. Industries have now started using modern techniques to increase the rate of production, which helps to generate better revenue over time. This has been facilitated with the help of artificial intelligence and robotic systems, which industries have adopted worldwide to avoid the risk of human errors and use artificial intelligence to earn maximum profits. That option of this new format of functioning by the manufacturing units has encouraged a massive revolution in industrialization.

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18847

Market Dynamics

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Drivers

The industry has adopted automated robots worldwide to boost the production rate and meet the growing population’s increasing demand. In addition, artificial intelligence in the field of sectors has transformed the entire process by increasing speed to a great extent. 

The chances of human error and negligence have been reduced to a great extent with the introduction of artificial robotic systems into the manufacturing process. A growing acceptance of using artificial intelligence has made work easier and faster. Industry mechanical systems can perform multiple tasks simultaneously, which can be managed with the help of human intelligence. Once programmed, the automated system need not be instructed again until necessary changes are required. Multiple reasons emerge as the driving factors for the growth of the market.

(A free sample of the Industry 4.0 report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

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  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Industry 4.0 report has been modified to include the COVID-19 impact study prior to delivery.)

Request Customized Copy of Industry 4.0 Market Report https://www.custommarketinsights.com/request-for-customization/?reportid=18847

Restraints 

The lack of skilled professionals who can handle artificial intelligence and advanced technologies has emerged as a significant straining factor for the market’s growth. Yet, human intelligence is essential to manage different processes in a technical error. 

The data fed into the system is at significant risk when technical errors occur from the server’s end. This proves to be a major restraining factor for the market’s growth during the forecast period. The increasing cases of cybercrime all over the globe have put the use of artificial intelligence at tremendous risk. The chances of losing data or higher with the help of artificial intelligence and robotic system.

Opportunities

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The rapid research and development programs carried out by the key market players to boost the use of artificial intelligence and robotics in the Industry have emerged as a significant opportunity for market growth. Furthermore, with the increasing trend of artificial intelligence and the use of robotics in manufacturing, the requirement for skilled professionals is increasing, creating job opportunities for people. 

The government’s support, obtained through various initiatives, has helped the industry boost production capacity and earn better profits. These multiple reasons emerge as opportunities for the growth of the market.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industry-4-market/

Challenges

The use of modern technologies and robotics systems in the field of manufacturing processes has increased the total cost of production, which includes the complete maintenance which has to be carried out by the key market players. The lack of a skilled workforce has also hindered the growth of the market to a great extent. Technical errors and glitches cannot be handled with the help of an untrained labour force. 

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The increasing prevalence of cybercrime worldwide has made it highly unsafe to store critical information. These multiple reasons emerge as the challenges in front of the market during the forecast period.

Key questions answered in this report:

  • What is the size of the Industry 4.0 market and what is its expected growth rate?
  • What are the primary driving factors that push the Industry 4.0 market forward?
  • What is Industry 4.0 Industry’s top companies?
  • What are the different categories that the Industry 4.0 Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Industry 4.0 market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market @ https://www.custommarketinsights.com/report/industry-4-market/

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industry-4-market/

Report Highlights 

Based on application, the segment of Industry IoT has emerged as a significant market that has significantly contributed to the growth phase of industry 4.0. This segment has combined the various advancements that have taken place, intending to revolutionize the entire process of industrialization. Furthermore, based on the vertical analysis, the manufacturing segment has emerged as a significant market in the global economy due to the rapid adoption of advanced technologies and automated robotic services. 

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The entire production process has been automated by using the technology of robotics which has increased production speed. Based on geography, the region of North America has emerged as a significant market for the growth of the industry 4.0 market due to the rapid adoption of advanced technologies and intelligent robots in the manufacturing system. Automated machines have been observed in various sectors, such as defence, electronics, aerospace, and automotive.

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market @ https://www.custommarketinsights.com/report/industry-4-market/

Report Scope
Feature of the Report Details
Market Size in 2021 USD 130.90 Billion
Projected Market Size in 2030 USD 377.3 Billion
CAGR Growth Rate 16.3% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Ansys Inc., Cisco Systems Inc., ABB Ltd., Alphabet Inc., Cognex Corporation, FANUC Corporation, General Electric Company, International Business Machines Corporation, KUKA AG, HMS Networks AB, Intel Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Rockwell Automation Inc., SAP SE, Stratasys Ltd., The Hewlett Packard Enterprise Company, The Yaskawa Electric Corporation, and Others
Key Segment By Application, Vertical Analysis, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Snapshots

The region of North America has emerged as the largest market due to its rapid adoption of advanced technologies and intelligent manufacturing processes. In addition, the introduction of artificial intelligence and automated robots in the field of industries has helped this region to record a tremendous boost over time and is expected to be continued similarly in the future.

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The various government initiatives and increasing research and development conducted by the key market players have supported this rapid industry transformation. New European nations proved to be the second in line, which has shown a rapid change in the production method by adopting advanced technologies and artificial intelligence.

The use of automation techniques transformed the entire automotive manufacturing process in the region of Germany. Using networked objects in the manufacturing process helps to obtain real-time data that produces information regarding the condition of the equipment. Deja Pacific region has also shown a tremendous market boost due to the rapid adoption of automated machines and services.

Request Customized Copy of Industry 4.0 Market Report https://www.custommarketinsights.com/request-for-customization/?reportid=18847

Key Player

  • Ansys Inc.
  • Cisco Systems Inc.
  • ABB Ltd.
  • Alphabet Inc.
  • Cognex Corporation
  • FANUC Corporation
  • General Electric Company
  • International Business Machines Corporation
  • KUKA AG
  • HMS Networks AB
  • Intel Corporation
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Siemens AG
  • Rockwell Automation Inc.
  • SAP SE
  • Stratasys Ltd.
  • The Hewlett Packard Enterprise Company
  • The Yaskawa Electric Corporation

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18847

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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Still, Looking for More Information? OR Want Data for Inclusion in Magazines, Case Studies, Research Papers or Media? 

Email Directly Here with Detail Information: support@custommarketinsights.com

Browse the full “Industry 4.0 Market Size, Trends, and Insights By Application (industry IoT, Smart factory, industry automation), By Vertical Analysis (Electronics and consumer goods, Aerospace and Defense, Oil and gas, Automotive, Energy and utilities, Manufacturing, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/industry-4-market/

Recent Developments

  • February 2020 – The design and technology services firm Tata Elxsi partnered with group firm Tata Motors for developing a unified, connected vehicle platform. The partnership will aid Tata Motors, in developing a connected vehicle as a key differentiator to most of its BS-VI range of passenger and commercial vehicles.
  • In February 2021, ABB launched its new GoFa higher payload cobot, which will assist workers with repetitive and ergonomically challenging tasks.

A segment of industry 4.0 covered in this report

By Application

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  • industry IoT
  • Smart factory
  • industry automation

By Vertical Analysis

  • Electronics and consumer goods
  • Aerospace and defense
  • Oil and gas
  • Automotive
  • Energy and utilities
  • Manufacturing
  • Others

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market @ https://www.custommarketinsights.com/report/industry-4-market/

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industry-4-market/

Key Insights from Primary Research/Key Insights & Findings from the report:

  • As per the analysis shared by our primary respondents, the Industry 4.0 market is expected to grow annually at a CAGR of around 10.5 %.
  • Through primary research, it was established that the Industry 4.0 market was valued at around USD 1.5 Billion in 2021.
  • Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
  • The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
  • “North America” region will lead the global Industry 4.0 market during the forecast period 2022 to 2030.

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • Subscription-based option offered
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

Click Here to Get a Free Sample Report of the Global Industry 4.0  Market @https://www.custommarketinsights.com/report/industry-4-market/

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This Industry 4.0 Market Research/Analysis Report Contains Answers to the following Questions.

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  • Which Manufacturing Technology is used for Industry 4.0? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Industry 4.0 Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was the Global Market Status of the Industry 4.0 Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industry 4.0 Market?
  • What Is the Current Market Status of the Industry 4.0 Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Industry 4.0 Market by Taking Applications and Types in Consideration?
  • What Are Projections of the Global Industry 4.0 Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Industry 4.0 Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact on Industry 4.0 Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Is the Market Dynamics of the Industry 4.0 Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industry 4.0 Industry?

 Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industry-4-market/

Reasons to Purchase Industry 4.0 Market Report

  • Industry 4.0 Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Industry 4.0 Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Industry 4.0 Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Industry 4.0 Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Industry 4.0 Market https://www.custommarketinsights.com/report/industry-4-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Industry 4.0 market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industry 4.0 market analysis.
  • The competitive environment of current and potential participants in the Industry 4.0 market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  •  Participants and stakeholders worldwide Industry 4.0 market should find this report useful. The research will be useful to all market participants in the Industry 4.0 industry.
  •  Managers in the Industry 4.0 sector are interested in publishing up-to-date and projected data about the worldwide Industry 4.0 market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industry 4.0 products’ market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Click Here to Get a Free Sample Report of the Global Industry 4.0  Market @https://www.custommarketinsights.com/report/industry-4-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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Cannabis

Fractional Flow Reserve Market growing at a CAGR of 15.56% during the forecast period [2024-2030] – Exactitude Consultancy

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Luton, Bedfordshire, United Kingdom, July 15, 2024 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Fractional Flow Reserve Market.

The global fractional flow reserve market size was valued at USD 971.09 million in 2023 and is expected to reach USD 2.31 billion by 2030, growing at a CAGR of 15.56% during the forecast period.

The Fractional Flow Reserve Market report offers an in-depth analysis of the industry, categorizing the market by type, application, and geographic distribution. This detailed examination includes insights on market size, market share, growth trends, competitive landscape, and key factors influencing growth and challenges. It also highlights prevalent industry trends, market fluctuations, and the overall competitive environment.

The document provides a comprehensive view of the Global Fractional Flow Reserve Market, equipping stakeholders with the necessary tools to identify areas for industry expansion. The report meticulously evaluates market segments, the competitive scenario, market scope, growth patterns, and key drivers and constraints. It further segments the market by geographic distribution, illuminating market leadership, growth trends, and industry shifts. Significant market trends and transformations are also emphasized, offering a deeper understanding of the market’s complexities. This guide empowers stakeholders to leverage market opportunities and make informed decisions. Additionally, it clarifies the critical factors shaping the market’s trajectory and its competitive landscape.

Get a Sample PDF Brochure of the Report: https://exactitudeconsultancy.com/reports/23485/fractional-flow-reserve-market/#request-a-sample

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Recent Development:

  • April 19, 2023, Philips collaborated with Saint-Joseph Hospital and Marie-Lannelongue Hospital to improve cancer care.
  • March 20, 2023, Terumo Medical Corporation had announced the findings of an IDE trial for its Cross-Seal Suture-Mediated VCD System. It demonstrated, among other things, that the primary safety endpoint of freedom from major complications at the target limb access site within 30 days after the procedure was met.

Growth Enablers

Growth Enablers of the Fractional Flow Reserve Market

  • Increasing Prevalence of Cardiovascular Diseases
  • Technological Advancements
  • Growing Adoption of Minimally Invasive Procedures
  • Favorable Reimbursement Policies
  • Expansion in Emerging Markets
  • Increased Awareness and Education
  • Strategic Collaborations and Partnerships

Trending Factors in the Fractional Flow Reserve Market

Integration of Artificial Intelligence and Machine Learning: The incorporation of AI and ML in FFR technologies is revolutionizing the market by enhancing the accuracy and efficiency of diagnostic procedures. AI algorithms assist in better image analysis and interpretation, leading to more precise assessments of coronary artery disease​​.

Shift Towards Non-Invasive FFR Techniques: There is a growing trend towards non-invasive FFR methods, such as FFR-CT (Computed Tomography), which reduces the risks associated with invasive procedures. These techniques are becoming more popular due to their ability to provide accurate results without the need for catheterization​.

Expansion in Emerging Markets: Emerging economies, particularly in the Asia-Pacific region, are witnessing rapid growth in the FFR market. This is driven by increasing healthcare expenditure, a rising prevalence of cardiovascular diseases, and improvements in healthcare infrastructure​.

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Technological Innovations and Product Launches: Continuous innovation and the introduction of advanced FFR devices are significant trends. Companies are investing heavily in R&D to develop new products that offer better diagnostic capabilities and ease of use. For instance, recent product launches like the Artis icono biplane by Siemens Healthineers highlight the focus on enhancing interventional cardiology workflows​​.

Collaborations and Strategic Partnerships: The market is seeing numerous collaborations and strategic partnerships among key players. These alliances aim to combine expertise, expand product portfolios, and enhance market reach. Such partnerships are crucial for driving innovation and market growth​

Regulatory Approvals and Reimbursement Policies: Favorable regulatory approvals and supportive reimbursement policies are key factors influencing the market. For instance, the approval of CathWorks FFRangio by the US FDA and its subsequent reimbursement approval in Japan have positively impacted the market​​.

These trending factors highlight the dynamic nature of the FFR market, driven by technological advancements, strategic collaborations, and growing awareness and adoption of minimally invasive diagnostic procedures.

The North America region accounted for the largest volume-based share of 37%.

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Due to the growing geriatric population linked to cardiovascular diseases and the growing technological advancements in FFR monitoring devices, North America is anticipated to hold a significant market share in the fractional flow reserve market. The global fractional flow reserve market was dominated by the United States. The United States has become a major fractional flow reserve market shareholder due to the faster adoption of value-based products in the healthcare system, increased clinician awareness, and increasing adoption of FFR-CT.

Fractional Flow Reserve Market Report Scope
Report Attribute Details
Market size value in 2023 at USD 971.09 million
Revenue forecast in 2030 USD 2.31 billion by 2030
Growth rate CAGR of 15.56% from 2023 to 2030
Base year for estimation 2023
Historical data 2019 – 2023
Forecast period 2023 – 2030
Quantitative units Volume in kilo tons, revenue in USD million and CAGR from 2023 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product, application, region
Regional scope North America; Europe; China; Asia; Pacific; Central & South America; MEA
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Poland; Spain; India; Japan; Thailand; Malaysia; Indonesia; Vietnam; Singapore; Philippines; Brazil; Argentina; Saudi Arabia; UAE; Oman
Key companies profiled OPSENS Medical, Abbott Laboratories, Koninklijke, Philips N.V., Acist Medical Systems Inc., Boston Scientific, Medtronic plc, B. Braun Melsungen, Siemens, Terumo Medical Corporation and Medis Medical Imaging System.

Browse Detailed Summary of Research Report with TOC: https://exactitudeconsultancy.com/reports/23485/fractional-flow-reserve-market/

Key Market Segments: Fractional Flow Reserve Market Segment:

Fractional Flow Reserve Market by Product, 2023-2030 (USD Billions) (Kilotons)

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  • FFR Guidewires
  • FFR Monitoring Systems
  • Other

Fractional Flow Reserve Market by End Use, 2023-2030 (USD Billions) (Kilotons)

  • Multi-Vessel Coronary Artery Disease
  • Single-Vessel Coronary Artery Disease

Driving Factors of the Fractional Flow Reserve Market

Rising Cardiovascular Disorders: The increasing prevalence of cardiovascular diseases is significantly boosting the demand for FFR procedures.

Technological Advancements: Innovations in FFR systems are enhancing diagnostic accuracy and efficiency, thereby expanding the market.

Growing Adoption of Minimally Invasive Procedures: The minimally invasive nature of FFR aligns with the preference for less invasive treatments, promoting market growth.

Expanding Geriatric Population: The aging population is contributing to a higher incidence of coronary diseases, which in turn drives the need for FFR assessments.

Supportive Reimbursement Policies: Favorable reimbursement policies encourage healthcare providers to adopt FFR technologies, aiding market development.

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Increasing Awareness and Education: Growing awareness among physicians and patients about the benefits of FFR is fueling market expansion.

Restraining Factors of the Fractional Flow Reserve Market

Cost Constraints: High initial setup and maintenance costs limit the adoption of FFR, especially in developing regions.

Complexity of Procedure: The complexity involved in performing FFR procedures may discourage some healthcare providers from incorporating it into their practice.

Regulatory Challenges: Stringent regulatory requirements for FFR devices can impede market growth and innovation.

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https://exactitudeconsultancy.com/reports/23485/fractional-flow-reserve-market/#request-a-sample

Key Questions Answered:

  • What is the current size of Fractional Flow Reserve Market?
  • What are the Key factors influencing the Growth of Fractional Flow Reserve Market?
  • Who are Major Competitors in the Fractional Flow Reserve Market?
  • What are the major applications of the Fractional Flow Reserve Market?
  • Which Region is holding the largest share in the Fractional Flow Reserve Market?

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Cannabis

IM Cannabis Shares Commence Trading on 6:1 Consolidated Basis

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im-cannabis-shares-commence-trading-on-6:1-consolidated-basis

TORONTO and GLIL YAM, Israel, July 12, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IM Cannabis“), a leading medical cannabis company with operations in Israel and Germany, is pleased to announce that, further to its press release dated July 5, 2024, effective today the Company’s common shares (“Common Shares“) are trading on the Canadian Securities Exchange (the “CSE“) and Nasdaq Stock Market LLC (“NASDAQ“) on a 6:1 post-consolidated basis (the “Consolidation“).

The Company’s trading symbol remains “IMCC” on both the CSE and NASDAQ. The Company’s new CUSIP and ISIN numbers are 44969Q406 and CA44969Q4060, respectively.

After giving effect to the Consolidation, the Common Shares were reduced from 13,394,136 to 2,232,357 Common Shares. No fractional Common Shares were issued in connection with the Consolidation. Instead, all fractional Common Shares equal to or greater than one-half resulting from the Consolidation were rounded to the next whole number, otherwise, the fractional Common Share were cancelled. The exercise price and/or conversion price and number of Common Shares issuable under any of the Company’s outstanding convertible securities were proportionately adjusted in connection with the Consolidation.

Computershare Investor Services Inc., the Company’s registrar and transfer agent for the Common Shares, has mailed letters of transmittal to registered shareholders of record as of July 12, 2024 providing instructions for the exchange of their Common Shares as soon as practicable following the effective date. Registered shareholders may also obtain a copy of the letter of transmittal by accessing the Company’s SEDAR+ profile at www.sedarplus.ca. Until surrendered, each Common Share certificate or direct registration system statement representing pre-consolidated Common Shares will represent the number of whole post-consolidated Common Shares to which the holder is entitled as a result of the Consolidation. No action is required by beneficial holders to receive post-consolidation Common Shares in connection with the Consolidation. Beneficial holders who hold their Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions regarding how the Consolidation will be processed should contact their intermediaries with respect to the Consolidation.

About IM Cannabis Corp. 

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IM Cannabis (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has focused its resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IM Cannabis’ products throughout the entire value chain. In Germany, the IM Cannabis ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements“). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, statements relating to the Company amplifying its commercial and brand power to become a global high-quality cannabis player.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to: the Company’s ability to maintain the listing requirements of the CSE and NASDAQ; the Company’s ability to focus on Israel, Germany and Europe; the Company’s ability to realize upon the stated benefits of the partial legalization of cannabis in Germany; and the Company amplifying its commercial and brand power to become a global high-quality cannabis player. The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the Company’s ability to continue to meet the listing requirements of the CSE and NASDAQ; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical Herbs Ltd. (collectively, the “Group“) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East; the risk of the Company’s inability to capitalize upon the partial legalization of cannabis in Germany; and risks the Company will be unable to amplify its commercial and brand power and/or be unable to become a global high-quality cannabis player.

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Please see the other risks, uncertainties and factors set out under the heading “Risk Factors” in the Company’s annual report dated March 28, 2024, which is available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar. Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations, and opinions of management on the date such forward-looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Company Contact:
Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
a.taranko@imcannabis.de

Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
+972-77-3603504
info@imcannabis.com

Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

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Cannabis

Legal Cannabis Market Share Value Projected to Reach USD 194.5 Billion, at 16.9% CAGR by 2034: Prophecy Market Insights

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Covina, July 11, 2024 (GLOBE NEWSWIRE) — The study concludes that the global legal cannabis market size and share is expected to grow at a CAGR of 16.9% between 2024 and 2034. The market revenue of USD 47 Billion in 2024 is expected to grow up to USD 194.5 Billion by 2034.

Cannabis was an illicit drug before, but its legalization process is on fast track today in many nations around the globe, opening a multibillion-dollar market with huge growth potential. The said market is bifurcated into two categories: medical cannabis, used for the treatment of various diseases, and recreational cannabis, for fun and other purposes. Most marijuana consumers are young, especially millennials. Males use it more than females, while the level of consumption is also predicated by class and thereby affects the rate of consumption. Psychographics show that marijuana consumers are social, open to experiences, and concerned about health; the last two probably represent a broader moving trend to natural products and alternate medicine.

The legal cannabis market offers a huge amount of variety, starting from flowers to extracts and consumables like cookies and chocolate that can be applied topically on the skin. Concentrations are gaining their following and popularity because of their potency. Also very popular are the edibles—baked goods, particularly cookies, and sweets—that appeal to those who crave discreetness and effectiveness all at once in consumption.

Download a Free Sample Research Report with Latest Industry Insights: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/5434      

Our Free Sample Report includes:

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  • Overview & introduction of market study
  • Revenue and CAGR of the market 
  • Drivers & Restrains factors of the market 
  • Major key players in the market 
  • Regional analysis of the market with a detailed graph
  • Detailed segmentation in tabular form of market 
  • Recent developments/news of the market 
  • Opportunities & Challenges of the Market

Some of the Key Market Players:

  • Aurora Cannabis
  • Cresco Labs
  • Jazz Pharmaceuticals
  • Verano Holdings
  • Canopy Growth Corporation
  • Green Thumb Industries
  • Trulieve Cannabis
  • MedMen
  • Aphria
  • Cronos Group
  • Curaleaf
  • GW Pharmaceuticals, plc.
  • The Green Organic Dutchman

To Know More on Market Players, Download a Free Sample Report Here: https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/5434    

Analyst View:

Global cannabis regulations differ, but most countries are legalizing it fast, thereby creating a multibillion-dollar market with huge growth potential. The market segments include cannabis for recreation and cannabis for medical use. Young people form a huge part of the cannabis users, particularly the millennial group who exhibit a social class influence. Due to early legalization and permissive rules, North America is the leader of the legal cannabis business concerning product variety. The constantly changing process of the market keeps including new and different consumers and substances like CBD or substances for euphoric-balming effects.

Legal Cannabis Market: Report Scope
Report Attributes Details
Market value in 2024 USD 47 Billion 
Market value in 2034 USD 194.5 Billion
CAGR 16.9% from 2024 – 2034
Base year 2023
Historical data 2019-2022
Forecast period 2024-2034

Market Dynamics:

Drivers:

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Growing Recognition and Legalization

  • Together, the increasing number of countries legalizing cannabis and the health benefits derived from medical marijuana easily make the global legal cannabis market ripe for significant growth. North America dominates the market due to major contributors such as the US, Canada, the UK, Germany, and Australia. The medicinal properties of cannabis will most probably drive massive growth in the medical cannabis market. Recreational use of marijuana is projected to have the fastest growth rate, and, as such, create jobs and boost the economy. The growth of the market results from geographical expansion, regulatory frameworks, and technological enhancements.

Increasing Customer Requirements

  • It’s the change in consumer expectations that’s driving big shifts in the legal cannabis sector. Companies are rolling out new product lines to cater to health-conscious consumers who demand a wider variety of cannabis-infused products. Where consumers want organically grown and pesticide-free cannabis, quality, and safety also rank very high. Consumers demand personalized experiences, where buyers and dispensaries are very important in guiding clientele to the right products. Moreover, there is an increase in sustainability and social responsibility due to customers valuing companies advocating for them. Technological integration is also being utilized to enhance convenience and engagement measures.

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Market Trends:

Benefits of Medicine and Research

  • Growth opportunities in legal cannabis mainly come from the legalization of their consumption, primarily for medical use. There are several medical diseases where the benefits of the use of cannabis have been proved, and the FDA has approved quite a few drugs derived from this plant. Improved cultivation, extraction, and testing technologies are also able to raise the quality and safety of products. The medicinal properties of cannabis are also opening up new options in treatment today, especially with those disorders resistant to traditional medications. Growing awareness of the potential economic opportunities that cannabis avails itself to could further drive the development of new innovative products and treatments, thereby accelerating market growth.

Segmentation:

Legal Cannabis Market is segmented based on Source, Compound, Products, and Region.

Source Insights

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  • From the flowers, which have classically been the traditional form of cannabis for as long as anyone can remember, to a large collection of strains with different cannabinoid levels, the flower truly captures the capabilities of the plant. Seed oil is another source that is not psychoactive in nature but is popular mainly due to its abundance of vital fatty acids and possible health benefits. Other sources are concentrated and super-potent cannabis products like trichomes, kief, and live resin. The infused product market is bound to grow with rising demand for seed oil. All in all, cannabis continues changing to best accommodate these different types of customers.

Compound Insights

  • Tetrahydrocannabinol is the widest cannabinoid used and has euphoric-balming effects. With increasing education among consumers, it can maintain its market share. One of the non-psychotic components is CBD, which helps in pain management and sleep quality, amongst others. Balanced THC & CBD: This segment caters to customers looking for a balanced experience by balancing the analgesic, relaxing properties of THC with the anxiety-reducing, focused properties of CBD.

Product Insights

  • Cannabis oil is quite often a concentrate, one can administer it topically for pain, consume it right out of the container, or use it in edibles. Cannabis drinks, like coffee, bubbling water, and spiked drinks, offer a more discreet and convenient way of consumption. Cannabis candies and chocolates are also other discreet and controlled ways. The legal cannabis sector is always experimenting with new products, vaporizers, topicals, edibles, baked foods, and sprays. Cannabis is also used for pet treats quite frequently. It is believed to expand the market for edibles as much as consumer acceptability and legalization expand.

Reduce a full report cost up to 30% with a custom report by requesting here: https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/5434

Recent Development:

  • In July 2024, Hundreds of pro-cannabis advocates took to Bangkok’s streets to protest a possible ban on general use. The Thai government floated plans to relist the plant as a narcotic, two years after it was decriminalized, earlier this year. A health ministry drug control committee approved the proposal, which would see cannabis only allowed for medical and research purposes.
  • In July 2024, NIST’s New Hemp Reference Material Will Help Ensure Accurate Cannabis Measurements. NIST’s Hemp Plant Reference Material will aid labs in accurately measuring THC, CBD, and other compounds in cannabis products, aiding forensic labs in distinguishing between legal hemp and federally controlled marijuana. It will also assist producers and state regulators in ensuring the safe use and accurate labeling of cannabis products.

Regional Insights

  • North America: The charge is currently being led from North America, due to early legalization and relatively permissive laws in countries like Canada and a number of US states. With so many goods on offer against the backdrop of a clientele base very loyal to their products, almost everything is put in place to create an almost perfect environment. The growth of the North American legal cannabis business is aided by many things, especially the medicinal and recreational markets, consumer demand, and lastly, medicinal research. The largest players are represented by Canopy Growth and Aurora Cannabis. The country with the most rapid growth relocated to Canada.
  • Asia Pacific: Asia is increasingly tolerating the use of medical marijuana, mainly in South Korea and Thailand, the growing disposable money of relatively less developed countries at large will set the stage for marijuana legalization for recreational use when regulations change.

Browse Detail Report on “Legal Cannabis Market Size, Share, By Source (Flowers, Seed oil, others), By Compound (Tetrahydrocannabinol, Cannabidiol, Balanced THC & CBD), By Product (Cannabis Oil, Cannabis Beverages, Cannabis Chocolates & Gummies, Others) By Application (Medical, Scientific, Industrial, and Horticultural purposes) and Region – Trends, Analysis and Forecast till 2034” with complete TOC @ https://www.prophecymarketinsights.com/market_insight/legal-cannabis-market-5434

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Prophecy Market Insights is a specialized market research, analytics, marketing, and business strategy, and solutions company that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.

Prophecy’s expertise area covers products, services, latest trends, developments, market growth factors, and challenges along with market forecasts in various business areas such as Healthcare, Pharmaceutical, Biotechnology, Information Technology (IT), Automotive, Industrial, Chemical, Agriculture, Food and Beverage, Energy, and Oil and Gas. We also offer various other services such as data mining, information management, and revenue enhancement suggestions.

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