/ Report Details / Oral Electrolyte Solution Market

Oral Electrolyte Solution Market, By Type (Lemonade, and Orange), By Application (Infants, Children, and Adults) and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027

Report Code: AV700

Industry: Healthcare

Publiced On: 2020-08-01

Pages: 186

Format: ppt pdf

REPORT HIGHLIGHT

 

The oral electrolyte solution market was valued at USD 7.75 billion by 2019, growing with 11.9% CAGR during the forecast period, 2021-2027.

The oral electrolyte solution (ORS) is a glucose-based salt solution widely used for rehydration therapy and to maintain hydration during exercise. The oral electrolyte solution is a simple, effective, and inexpensive therapy; ensuring that it is widely available to cure major public health challenges. It is majorly used in the treatment or prevention of dehydration caused by diarrhea. The ratio of ingredients in the ORS matches the body requirement to recover from the diarrheal illness, unlike other fluids. ORS is available in the form of prepackaged salts or as a home-prepared solution.

Market Dynamics

The demand for oral electrolyte is projected to grow predominantly owing to the increasing prevalence of diarrhea, coupled with growing awareness regarding the ORS in developing countries such as India. According to the data published by The United Nations Children’s Fund (UNICEF) in 2019, diarrhea is a leading cause of death in children. Globally, it was responsible for more than 8% of all deaths among children (under age 5) in 2017. This resulted in about 1,300 young children dying each day or approximately 480,000 children a year. This would, in turn, fuel the product demand significantly, augmenting the industry growth.

Furthermore, a shift in lifestyle trends towards health and fitness has vigorously grown the product demand worldwide. Consumers are highly paying attention to their health, leading to strenuous activities, exercises, and more efforts to remain hydrated, supporting market growth. On the contrary, excessive use of ORS might cause health-related problems. Consumption of excessive electrolyte drinks can create an electrolyte imbalance in the body. Fatigue, headaches, irregular heartbeat, lethargy, confusion, irritability, poor sleep, and much more are the common symptoms of electrolyte imbalance. Thus, impending the global oral electrolyte solution market growth.

Type Takeaway

In terms of type, the worldwide oral electrolyte solution market is segmented into lemonade and orange. The orange types captured the highest market share in 2019. It comprises of water, citric acid, potassium citrate, dextrose, sodium chloride, natural and artificial orange flavor, sucralose, sodium benzoate, and potassium sorbate.

Orange flavor products are highly in demand to combat dehydration, summer heat, wildfire season, and during the COVID-19 pandemic. In May 2019, California based Consumer Goods Company, Kinderfarms launched Kinderlyte, a line of Oral Electrolyte Solutions (OES) that contains no artificial flavors, sweeteners, or colors and are Non-GMO Project certified to combat dehydration.

Application Takeaway

Application-wise, the market is segmented into children, infants, and adults. The children category accounts for dominating share, owing to the increasing prevalence of malnutrition across the globe. According to the data reported by UNICEF in 2018, around 20 million babies born underweight every year. At the back of these factors, growing demand for oral rehydration salt (ORS) for use in the treatment of diarrhea is projected to boost the market growth.

analystview report
Regional Takeaway

Regionally, the overall market is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. The oral electrolyte solution market is projected to gain a substantial growth rate in the Asia Pacific over the forecast period. Factors influencing the growth are a rising number of malnutrition cases among children, high investments in children’s healthcare programs, and growth in the number of non-government organizations working for child health in countries such as India. As per the Food and Agriculture Organization of the United Nations (FAO), about 486 million people remain undernourished in the Asia Pacific which is more than half of the world’s malnourished children. Nevertheless, the region has been accelerating towards sustainable development growth.

COVID-19 Impact

The COVID-19 pandemic has led to a disruptive effect on health systems across the globe. Proper functioning of the immune system and maintaining a healthy lifestyle is required to fight against viruses. Vitamins and minerals- mainly A, C, and E, as well as Zinc play an important role in keeping the immune system strong. In addition, the World Health Organization (WHO) and the American Academy of Pediatrics (AAP) have recommended an electrolyte drink to alleviate the symptoms of virus-related dehydration in children and adults. This report will enumerate the impact of this endemic on the oral electrolyte solutions market.

Key Vendor Takeaway

The leading players of the global oral electrolyte solution market include Abbott, Mead Johnson, Sanofi, DripDrop Inc., Johnson & Johnson, Jiangsu Hengrui Medicine, Otsuka Pharmaceutical Factory, Halewood Laboratories Pvt. Ltd., and Shanghai Trifecta Pharma.

Companies are involved in the expansion of their product line in order to combat problems associated with dehydration. For instance, in August 2020, a leading rehydration firm, DripDrop Hydration, expanded its Oral Rehydration Solution (ORS) lineup including a multi-flavor box of Lemon, Berry, Orange, and Watermelon flavors to combat dehydration.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2015 to 2018
  • Base Year – 2019
  • Estimated Year – 2020
  • Projected Year – 2026

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

ORAL ELECTROLYTE SOLUTION MARKET KEY PLAYERS

  • Abbott
  • Johnson & Johnson
  • Jiangsu Hengrui Medicine
  • Otsuka Pharmaceutical Factory
  • Mead Johnson
  • Sanofi
  • DripDrop Inc
  • Halewood Laboratories Pvt. Ltd.
  • Shanghai Trifecta Pharma

ORAL ELECTROLYTE SOLUTION MARKET, BY TYPE

  • Lemonade
  • Orange
  • Others

 ORAL ELECTROLYTE SOLUTION MARKET, BY APPLICATION

  • Infants
  • Children
  • Adults

ORAL ELECTROLYTE SOLUTION MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • South Korea
    • Japan
    • Singapore
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • The Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of MEA

TABLE OF CONTENT

 

1. ORAL ELECTROLYTE SOLUTION MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ORAL ELECTROLYTE SOLUTION KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ORAL ELECTROLYTE SOLUTION INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ORAL ELECTROLYTE SOLUTION MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. ORAL ELECTROLYTE SOLUTION MARKET LANDSCAPE
6.1. Market Share Analysis
6.2. Key Innovators
6.3. Breakdown Data, by Key manufacturer
6.3.1. Established Player Analysis
6.3.2. Emerging Player Analysis
7. ORAL ELECTROLYTE SOLUTION MARKET – BY TYPES
7.1. Overview
7.1.1. Segment Share Analysis, By Types, 2020 & 2027 (%)
7.2. Lemonade
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
7.3. Orange
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
8. ORAL ELECTROLYTE SOLUTION MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
8.2. Infants
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
8.3. Children
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
8.4. Adult
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9. ORAL ELECTROLYTE SOLUTION MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 to 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Types, 2016 to 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2016 to 2027 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 to 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Types, 2016 to 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2016 to 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 to 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Types, 2016 to 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 to 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 to 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Types, 2016 to 2027 (US$ Million)
9.5.5. Asia Pacific Market Size and Forecast, By Application, 2016 to 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 to 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Types, 2016 to 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 to 2027 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 to 2027, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Abbott
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Mead Johnson
10.2.3. Sanofi
10.2.4. DripDrop Inc
10.2.5. Johnson & Johnson
10.2.6. Jiangsu Hengrui Medicine
10.2.7. Otsuka Pharmaceutical Factory
10.2.8. Halewood Laboratories Pvt. Ltd.
10.2.9. Shanghai Trifecta Pharma
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Oral Electrolyte Solution market: Types Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE Global Oral Electrolyte Solution market, by Types 2016 – 2027 (USD Million)
TABLE Oral Electrolyte Solution market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Oral Electrolyte Solution market, by Application 2016 – 2027 (USD Million)
TABLE Oral Electrolyte Solution market: Material Types Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Material Types
TABLE Global Oral Electrolyte Solution market, by Material Types 2016 – 2027 (USD Million)
TABLE Oral Electrolyte Solution market: End User Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by End User
TABLE Global Oral Electrolyte Solution market, by End User 2016 – 2027 (USD Million)
TABLE Oral Electrolyte Solution market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Oral Electrolyte Solution market, by Region 2016 – 2027 (USD Million)
TABLE North America Oral Electrolyte Solution market, by Country, 2016 – 2027 (USD Million)
TABLE North America Oral Electrolyte Solution market, by Types, 2016 – 2027 (USD Million)
TABLE North America Oral Electrolyte Solution market, by Application, 2016 – 2027 (USD Million)
TABLE North America Oral Electrolyte Solution market, by Material Type, 2016 – 2027 (USD Million)
TABLE North America Oral Electrolyte Solution market, by End User, 2016 – 2027 (USD Million)
TABLE Europe Oral Electrolyte Solution market, by Country, 2016 – 2027 (USD Million)
TABLE Europe Oral Electrolyte Solution market, by Types, 2016 – 2027 (USD Million)
TABLE Europe Oral Electrolyte Solution market, by Application, 2016 – 2027 (USD Million)
TABLE Europe Oral Electrolyte Solution market, by Material Type, 2016 – 2027 (USD Million)
TABLE Europe Oral Electrolyte Solution market, by End User, 2016 – 2027 (USD Million)
TABLE Asia Pacific Oral Electrolyte Solution market, by Country, 2016 – 2027 (USD Million)
TABLE Asia Pacific Oral Electrolyte Solution market, by Types, 2016 – 2027 (USD Million)
TABLE Asia Pacific Oral Electrolyte Solution market, by Material Types, 2016 – 2027 (USD Million)
TABLE Asia Pacific Oral Electrolyte Solution market, by Application, 2016 – 2027 (USD Million)
TABLE Asia Pacific Oral Electrolyte Solution market, by End User, 2016 – 2027 (USD Million)
TABLE Latin America Oral Electrolyte Solution market, by Country, 2016 – 2027 (USD Million)
TABLE Latin America Oral Electrolyte Solution market, by Material Type, 2016 – 2027 (USD Million)
TABLE Latin America Oral Electrolyte Solution market, by Types, 2016 – 2027 (USD Million)
TABLE Latin America Oral Electrolyte Solution market, by Application, 2016 – 2027 (USD Million)
TABLE Latin America Oral Electrolyte Solution market, by End User, 2016 – 2027 (USD Million)
TABLE Middle East and Africa Oral Electrolyte Solution market, by Country, 2016 – 2027 (USD Million)
TABLE Middle East and Africa Oral Electrolyte Solution market, by Material Type, 2016 – 2027 (USD Million)
TABLE Middle East and Africa Oral Electrolyte Solution market, by Types, 2016 – 2027 (USD Million)
TABLE Middle East and Africa Oral Electrolyte Solution market, by Application, 2016 – 2027 (USD Million)
TABLE Middle East and Africa Oral Electrolyte Solution market, by End User, 2016 – 2027 (USD Million)

List of Figures
FIGURE Oral Electrolyte Solution market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Types segment market share analysis, 2020 & 2027
FIGURE Types segment market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Orange market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Lemonade market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Others market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Application segment market share analysis, 2020 & 2027
FIGURE Application segment market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Adult market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Infant market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Children market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Others market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE North America Oral Electrolyte Solution market share and leading players, 2019
FIGURE Europe Oral Electrolyte Solution market share and leading players, 2019
FIGURE Asia Pacific Oral Electrolyte Solution market share and leading players, 2019
FIGURE Latin America Oral Electrolyte Solution market share and leading players, 2019
FIGURE Middle East and Africa Oral Electrolyte Solution market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Canada Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Europe Oral Electrolyte Solution market share analysis by country, 2019
FIGURE Germany Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Spain Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Italy Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE UK Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE France Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Rest of the Europe Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Asia Pacific Oral Electrolyte Solution market share analysis by country, 2019
FIGURE India Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE China Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Japan Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE South Korea Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Singapore Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Rest of APAC Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Latin America Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Latin America Oral Electrolyte Solution market share analysis by country, 2019
FIGURE Brazil Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Mexico Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Argentina Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Rest of LATAM Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Middle East and Africa Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE Middle East and Africa Oral Electrolyte Solution market share analysis by country, 2019
FIGURE Saudi Arabia Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)
FIGURE United Arab Emirates Oral Electrolyte Solution market size, forecast and trend analysis, 2016 – 2027 (USD Million)

Choose License Type
assit assit

Tailor made solution just for you

80% of our clients seek made-to-order reports. how do you want us to tailor yours?
📧 Talk to Analyst

We have 24/7 dedicated support team.

Get in Touch

© 2023. All rights reserved: AnalystView Market Insights