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Global Nonmydriatic Handheld Fundus Cameras Market to Reach $192.6 Million by 2026

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New York, Oct. 07, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Nonmydriatic Handheld Fundus Cameras Industry” – https://www.reportlinker.com/p06032347/?utm_source=GNW
Fundus camera refers to an ophthalmic imaging device, which combines a high resolution camera with a low power microscope. Fundus cameras are typically used in applications such as fundus imaging, fluorescein angiography, paired optic disk images and external photograph. Fundus cameras are widely used in screening and diagnosis of various types of retinal disorders including diabetic retinopathy, retinal detachment, glaucoma and age-related macular degeneration. Ophthalmologists, optometrists and others use fundus cameras for screening and diagnostic purposes. A fundus or retinal camera enables practitioners to gain deeper details about the retina and also save the results for comparison and further study. Both patient and practitioner can have access to in-depth analyses of condition and subsequently take measures for treatment of the same. Fundus cameras are easy to easy devices that can capture detailed images of the retina.

A non-mydriatic fundus camera uses the reflective properties of the retina to provide details and also store images. The results achieved from non-mydriatic fundus camera are superior compared to other tools like slit lamps, and do not need pupil dilation in most cases. The camera helps in early detection and monitoring of various types of eye disorders including macular degeneration, diabetic retinopathy and glaucoma. The camera can be easily operated and requires minimal training for the operator. The benefits of the camera including a wider angle of targeted area and availability of different filter choices for image enhancement purposes. On the other hand, non-mydriatic fundus cameras do not provide stereoscopic ability, and do not detect abnormalities outside the viewing field.

Amid the COVID-19 crisis, the global market for Nonmydriatic Handheld Fundus Cameras estimated at US$122.5 Million in the year 2020, is projected to reach a revised size of US$192.6 Million by 2026, growing at a CAGR of 7.9% over the analysis period. Ophthalmology Clinics, one of the segments analyzed in the report, is projected to grow at a 8.2% CAGR to reach US$128.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hospitals segment is readjusted to a revised 7.6% CAGR for the next 7-year period. This segment currently accounts for a 21.5% share of the global Nonmydriatic Handheld Fundus Cameras market.

The U.S. Market is Estimated at $39 Million in 2021, While China is Forecast to Reach $21.7 Million by 2026

The Nonmydriatic Handheld Fundus Cameras market in the U.S. is estimated at US$39 Million in the year 2021. The country currently accounts for a 30.01% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$21.7 Million in the year 2026 trailing a CAGR of 9.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR while Rest of European market (as defined in the study) will reach US$23.9 Million by the close of the analysis period.

The market is being driven by steady pace of technological advancements, growing awareness about eye care, increasing geriatric population and favorable government initiatives. For instance, laws and regulations of different medical device authorities in Japan as well as the US require fundus imaging cameras to be replaced every four years. This not only maintains instrument performance but also improves treatment and diagnosis. The incorporation of digital technology and artificial intelligence are also some of the factors propelling growth of nonmydriatic handheld fundus cameras.

Since the cost of glaucoma screening, eye prosthesis and cataract surgery is covered under Medicare, it is also expected to boost the market for fundus cameras. Fundus cameras are used by optometrists, ophthalmologists and other medical professionals. These cameras are available as handheld devices or as tabletops and manufacturers are introducing new high-performance cameras. Many manufacturers are trying to introduce miniature tabletop fundus cameras, which can display live eye images to help alignment using infrared illumination. Manufacturers are also developing affordable and effective designs that include a seamless auto mosaic function, optical red-free filter, compensation lens switch, anterior para position and split aligning focus. This is also expected to drive further market growth of nonmydriatic portable fundus cameras.

North America and Europe are the leading regional markets for nonmydriatic handheld fundus cameras. In North America, the market growth is being driven by increasing geriatric population, high occurrence of diabetic retinopathy and rapid pace of technological advancements. The launch of sophisticated devices combined with the presence of important companies in this region is another factor leading to growth of fundus camera market. A 2.5% excise duty is levied on all medical devices in North America under the Patient Protection and Affordable Care Act, which can be an obstacle in the growth of fundus camera market in this region. Europe is another major market for nonmydriatic handheld fundus cameras. The high incidence of AMD, and widespread adoption of advanced healthcare technology are some other factors responsible for the increasing use of fundus cameras in Europe. Asia-Pacific and China are poised to record high growth in demand for nonmydriatic fundus cameras due to growing awareness and developing healthcare infrastructure. Increasing medical tourism is also a factor in the growth of the fundus camera market in Asia Pacific.
Select Competitors (Total 36 Featured)

  • Canon, Inc.
  • Carl Zeiss Meditec, Inc.
  • CenterVue SpA
  • Clarity Medical Systems, Inc.
  • NIDEK Co., Ltd.
  • Optomed Oy (Ltd.)
  • Optovue, Inc.
  • Topcon Medical Systems, Inc.

Read the full report: https://www.reportlinker.com/p06032347/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Impact on Ophthalmology Services
EXHIBIT 2: US Ophthalmology Procedures Monthly Growth: 2020 Vs
2019
EXHIBIT 3: US Glaucoma and Cataract Procedures Growth: March-
April 2020
Fundus Camera Sales Hit by the Pandemic, Poised for Strong Revival
As Telehealth Makes Rapid Gains during the Pandemic, Handheld
Nonmydriatic Fundus Camera Emerge as a Vital Tool
An Introduction to Nonmydriatic Handheld Fundus Cameras
Global Market Prospects & Outlook
Developed Regions Lead, Developing Economies to Fuel Future Growth
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Rise in Prevalence of Eye Disorders Present Favorable Outlook
for Nonmydriatic Portable Fundus Cameras
Key Ophthalmic Disease Statistics
EXHIBIT 4: Global Burden of Eye Diseases (In Millions): 2020
EXHIBIT 5: Prevalence of Adult Vision Impairment and Age-
Related Eye Diseases in the US
EXHIBIT 6: Global Causes of Visual Impairment: Percentage
Breakdown by Number of Cases
Portable Nonmydriatic Fundus Cameras Emerge as Effective
Screening Tool for Retinal Diseases
Aging Global Population & Rising Prevalence of Chronic Medical
Conditions Lead to an Increase in Incidence Eye Disorders,
Driving Market Gains
EXHIBIT 7: Global Aging Population Statistics for the 65+ Age
Group in Million by Geographic Region for the Years 2019,
2025, 2035 and 2050
EXHIBIT 8: Elderly Population (65+ Years) as a % of Total
Population by Developed, Less Developed and Least Developed
Regions: 2019 & 2030
Growing Diabetic Population and Increasing Risk of Diabetic
Retinopathy to Fuel Need for Ophthalmic Screening Devices,
Benefiting Market Growth
EXHIBIT 9: World Diabetes and Population Statistics (2019, 2030 &
2045)
EXHIBIT 10: World Diabetes Prevalence (2000-2045P)
EXHIBIT 11: Number of Adults Diagnosed with Diabetes
(in Million) by Gender for 2019, 2030 and 2045
Age-Related Macular Degeneration (AMD): A Major Vision Disorder
Presenting Opportunities for Fundus Cameras Market
EXHIBIT 12: Global Population with Age-Related Macular
Degeneration: 2016-2030
Glaucoma Prevalence and Need for Screening to Fuel Sales of
Nonmydriatic Fundus Cameras
EXHIBIT 13: Global Population with Glaucoma: 2016-2030
Handheld Non-Mydriatic Fundus Cameras Effective in Glaucoma
Detection Vs Table-Top Fundus Camera
Amidst COVID-19 Outbreak, Focus on Teleophthalmology Presents
Opportunities for Nonmydriatic Portable Fundus Cameras Market
Non-Ophthalmological Uses of Nonmydriatic Fundus Imaging to
Boost Market
Technological Advancements to Spearhead Future Market Growth
Smartphone-Based Fundus Cameras
Handheld Retinal Imaging Devices Come to the Aid During Pandemic
AI Comes to the Aid for Effective and Faster Screening and
Diagnosis of Diabetic Retinopathy Using Fundus Imaging
Rising Healthcare Spending and Focus on Quality & Affordable
Care Delivery to Boost Market Prospects
EXHIBIT 14: World Healthcare Expenditure (In US$ Trillion) for
the Years for 2017, 2019, 2021 and 2023
EXHIBIT 15: Elderly Healthcare Expenditure as a % of GDP in the
US, Europe and Japan for 1970, 2010 and 2050

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 2: World 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World Markets for Years 2021 & 2027

Table 3: World Current & Future Analysis for Ophthalmology
Clinics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR

Table 4: World 7-Year Perspective for Ophthalmology Clinics by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 5: World Current & Future Analysis for Hospitals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR

Table 6: World 7-Year Perspective for Hospitals by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027

Table 7: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR

Table 8: World 7-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 9: USA Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 10: USA 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

CANADA
Table 11: Canada Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 12: Canada 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

JAPAN
Table 13: Japan Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 14: Japan 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

CHINA
Table 15: China Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 16: China 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

EUROPE
Table 17: Europe Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by Geographic Region – France, Germany,
Italy, UK and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2020 through 2027 and %
CAGR

Table 18: Europe 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by Geographic Region – Percentage Breakdown of
Value Sales for France, Germany, Italy, UK and Rest of Europe
Markets for Years 2021 & 2027

Table 19: Europe Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 20: Europe 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

FRANCE
Table 21: France Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 22: France 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

GERMANY
Table 23: Germany Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 24: Germany 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

ITALY
Table 25: Italy Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 26: Italy 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

UNITED KINGDOM
Table 27: UK Current & Future Analysis for Nonmydriatic
Handheld Fundus Cameras by End-Use – Ophthalmology Clinics,
Hospitals and Other End-Uses – Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 28: UK 7-Year Perspective for Nonmydriatic Handheld
Fundus Cameras by End-Use – Percentage Breakdown of Value Sales
for Ophthalmology Clinics, Hospitals and Other End-Uses for the
Years 2021 & 2027

REST OF EUROPE
Table 29: Rest of Europe Current & Future Analysis for
Nonmydriatic Handheld Fundus Cameras by End-Use – Ophthalmology
Clinics, Hospitals and Other End-Uses – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 30: Rest of Europe 7-Year Perspective for Nonmydriatic
Handheld Fundus Cameras by End-Use – Percentage Breakdown of
Value Sales for Ophthalmology Clinics, Hospitals and Other
End-Uses for the Years 2021 & 2027

ASIA-PACIFIC
Table 31: Asia-Pacific Current & Future Analysis for
Nonmydriatic Handheld Fundus Cameras by End-Use – Ophthalmology
Clinics, Hospitals and Other End-Uses – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 32: Asia-Pacific 7-Year Perspective for Nonmydriatic
Handheld Fundus Cameras by End-Use – Percentage Breakdown of
Value Sales for Ophthalmology Clinics, Hospitals and Other
End-Uses for the Years 2021 & 2027

REST OF WORLD
Table 33: Rest of World Current & Future Analysis for
Nonmydriatic Handheld Fundus Cameras by End-Use – Ophthalmology
Clinics, Hospitals and Other End-Uses – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 34: Rest of World 7-Year Perspective for Nonmydriatic
Handheld Fundus Cameras by End-Use – Percentage Breakdown of
Value Sales for Ophthalmology Clinics, Hospitals and Other
End-Uses for the Years 2021 & 2027

IV. COMPETITION
Total Companies Profiled: 36
Read the full report: https://www.reportlinker.com/p06032347/?utm_source=GNW

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Artificial Intelligence

Actuators Market worth $94.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 29, 2024 /PRNewswire/ — The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth can be attributed to growing industrial automation and use of robots in various sectors like manufacturing and transportation, Developments in areas like sensor technology, connectivity, and control systems, The increasing demand for actuators is fueled by the expansion of sectors like healthcare (medical devices), oil & gas, and aerospace & defense, and the need for improved process control, energy efficiency, and safety regulations in various industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59465451
Browse in-depth TOC on “Actuators Market” 300 – Tables175 – Figures350 – Pages
Actuators Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 67.7 billion
Estimated Value by 2029
$ 94.8 billion
Growth Rate
Poised to grow at a CAGR of 7.0%
Market Size Available for
2019–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Actuation, Application, Type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Issues of leakage in pneumatic and hydraulic actuators
Key Market Opportunities
Increased spending on renewable sources of energy for power generation
Key Market Drivers
Rapid industrialization and utilization of robotics
The Electric segment held the largest growth rate in the Actuators market by actuation.
By actuation, the Actuators market has been segmented into electric, hydraulic, pneumatic, and others. electric Segment to hold the highest growth rate during the forecast period. Electrical actuators use electricity to produce motion. These actuators can be further classified into solenoid actuators and motor-driven actuators. A solenoid used in an electric actuator works on the principle of electromagnetism. Electrical actuators provide control and acceleration at higher speeds. The force for applying thrust can be managed without the requirement for compressed air and the related infrastructure, and hence the total energy consumption in these actuators is lower. Electrical actuators can be used for various applications where linear as well as rotary actuation is required. They can be used for low torque as well as high torque requirements.
The vehicle equipment segment is expected to account for the largest share of Actuators by application in 2024.
By application, the Actuators industry is segmented into industrial automation, robotics, and vehicle equipment. The vehicles and equipment segment includes actuators used in automotive, aircraft, ships, and defense vehicles. These can be either hydraulic, pneumatic, electrical, or mechanical actuators. Actuators are widely used in various systems and sub-systems of an automobile, aircraft, ships as well as defense vehicles.
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Asia Pacific accounts for the largest market share in 2024.
The Actuators market has been studied in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The Asia Pacific region accounts for the largest market share in 2024 as well as throughout the forecast period due to the increasing demand for actuators in the region to enhance the growth of the market. India is expected to show the highest growth rate in Asia Pacific Region for Actuators market.
Major players operating in the Actuators companies are SMC Corporation (Japan), Rockwell Automation (US), Curtiss-wright Corporation (US), ABB Ltd (Switzerland), and Parker Hennifin Corporation (US).
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Military Actuators Market by Application (Air, Land, Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders, Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region (2019-2024)
Aircraft Actuators Market Size, Share & Industry Growth Analysis Report by Installation Type (OEM & Aftermarket), System, Technology (Hydraulic, Electric Hybrid, Mechanical, Pneumatic, and Full Electric), Type, Platform, Aircraft Type (Fixed Wing and Rotary Wing) and Region – Global Forecast to 2027
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Roborock Unveils Global No.1 Robotic Vacuum Cleaner Sales Ranking at International Launch Event

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Certified by Euromonitor, Roborock attributes its rise to the top to embracing a long-term mindset while upholding customer-centric innovation above all else
BEIJING, March 29, 2024 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced it has taken the number one spot for robotic vacuum sales worldwide, according to new data by Euromonitor. Celebrating its achievements at a global launch event on the eve of its 10-year anniversary, the brand also revealed a glimpse of what is to come in the form of new product lines while sharing its vision for the future.

Founded in 2014, Roborock owes its success to its long-standing commitment to customer-centric innovation. By delivering meaningful solutions which improve everyday lives, Roborock has built a truly global fanbase, with Euromonitor data confirming that the brand has achieved the number 1 sales position worldwide for robotic vacuum cleaners[1].
“We are so honored to be celebrating this achievement with you all, which was made possible thanks to the ongoing trust and support received over the last 10 years.” Mr. Quan, Roborock President, announced, “Our path to success has been a marathon, not a sprint, as we have always kept in view our brand spirit of “taking the long view in order to do the right thing”. Our unwavering commitment to focusing on delivering true value to our customers is how we have built the brand affinity that has gotten us where we are today – firmly on our way to becoming a global leader in the smart home space.”
Steppingstones on the Path to Success: Roborock Achieves Steady Market Growth on Journey to Become a Global Leading Home Appliance Brand
Further cementing its global success story, the brand also revealed impressive results in many of its key markets. Roborock is now present in over 170 countries, serving over 15 million homes worldwide. According to data from IDC, Roborock ranks number one in Turkey and number two in the US in terms of sales, while also taking the top spot in Germany, Korea, and the Nordics in terms of shipments in 2023[2]. As revealed by Roborock’s latest Financial Earnings Report, the brand recorded a total revenue of 8.65 billion Yuan last year (US$1.22 billion), with total robot vacuum shipments surpassing 2.6 million units. Roborock’s overseas operation recorded revenue growth of 21.42% compared to the prior year and Roborock’s net profit was listed at 2.05 billion Yuan (US$288 million), achieving an overall annual growth rate of 73.32%. This consistent growth across all key markets demonstrates Roborock’s strategic choice to directly address consumer demands and striving for excellence across user experience is resonating with millions worldwide.
Despite these successes, Mr. Quan acknowledged these results were not in themselves the ultimate end goal. Globalization is a vital pillar of Roborock’s mission to become a leader in its field. As such, Roborock plans to expand its global footprint by introducing more innovative products that cater to the unique needs of global users, taking into account the different requirements of various markets, and extending more partnerships worldwide, ensuring that Roborock makes strides overseas on a larger scale and at a faster pace.
Meaningful Innovation: Roborock’s User-Centric R&D Principles and Latest Revolutionary Developments
Roborock’s passion to create value for its consumers propels them to continuously seek out new technological advancements that can serve real consumer pain points. From 2019 to 2023 Roborock invested 1.9 billion Yuan (260 million USD) in Research and Development. Roborock’s approach to take the long term view, ensures R&D teams are encouraged not to seek quick fixes, but to focus on innovation that will truly serve the needs of the end consumer, such as addressing key areas like cleaning capabilities, mapping and navigation, convenience and smart home interconnectivity.
Enhancing the cleaning capabilities of its latest range, Roborock has introduced the FlexiArm Design™ Side Brush, a stretching side brush delivering 100% corner cleaning coverage – elevating the user experience. When it comes to user satisfaction, delivering a low-maintenance, hands-free experience is also paramount. Roborock recently introduced an auto water refill and drainage system, which automatically emptying and replacing dirty water with clean water through pipes during mop washing and tank refilling.
Aside from advanced hardware solutions, Roborock has always invested heavily in the discovery and implementation of emerging technologies that can enhance the functionality and accessibility of its devices. Roborock’s Reactive AI 2.0 Obstacle Recognition technology can recognize and differentiate between floor and room types, accurately identifying 73 different obstacles to navigate, including floor mirrors and pet supplies. Roborock SmartPlanTM function uses an advanced AI algorithm to intelligently plan and optimize cleaning paths and settings based on user habits and specific home layout, making the cleaning process even more intelligent and efficient. The S8 MaxV Ultra is now certified by CSA for Matter, and other Roborock products will follow in the near future suit to enhance connectivity.
Enriching Roborock’s Product Portfolio to Enhance the Quality of Life for Consumers
Concluding the exciting launch, Roborock unveiled three exciting new product lines to its portfolio of intelligent automated devices. Roborock’s product managers took to the stage to introduce three new robotic vacuums – the G20S (S8 MaxV Ultra), V20 and P10S Pro. 
The G20S (S8 MaxV Ultra) launched to great acclaim at CES 2024 and is Roborock’s most technologically advanced one-stop cleaning solution to date. A highly intuitive device, the G20S is equipped with FlexiArm Design™ Side Brush, a unique robotic arm that enables complete corner cleaning capabilities, and an extra side mop for edge cleaning, alongside Reactive AI 2.0 obstacle recognition, built-in intelligent voice assistant, and RockDock® Ultra which automatically maintains the robot cleaner using hot water and heated air with intelligent mop re-washing and re-mopping capabilities. The G20S (S8 MaxV Ultra) will be available to purchase globally from April, retailing for USD 1799.99 / EURO 1499.
Initially debuting in China, the V20 will be the world’s first robotic vacuum cleaner equipped with dual-vision 3DToF solid-state LiDAR navigation and obstacle avoidance system, which observes the reflection of modulated light to offer better depth accuracy for even more intuitive floor mapping. With an ultra-thin 8.2cm body and equipped with FlexiArm DesignTM corner and edge cleaning, DuoRoller Riser Brush, and maintenance-free cleaning dock, the V20 is set to redefine automated, low maintenance cleaning.
Finally, the P10S Pro is positioned as the perfect partner for those hard-to-reach spots. Combining FlexiArm DesignTM with an extendable side brush and mop, the device provides 100% corner coverage and the ultimate in edge-cleaning, taking even the trickiest surfaces in its stride.
These solutions further solidify Roborock’s commitment to satisfying the needs of its customers in its fearless pursuit of innovation. Stay tuned for further market specific launch announcements of these innovations and more. 
About Roborock
Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://global.roborock.com/.
[1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.
[2] Data based on IDC Quarterly Smart Home Device Tracker, 2023 Q4. Rankings for the US and Turkey are based on sales value, while rankings for Germany, the Nordic countries (Denmark, Finland, Norway, Sweden), and Korea are based on shipment volume
Photo – https://mma.prnewswire.com/media/2375122/PHOTO.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/roborock-unveils-global-no1-robotic-vacuum-cleaner-sales-ranking-at-international-launch-event-302103463.html

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Cato Shatters SASE Speed Record

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Cato doubles throughput without any hardware upgrades, underscoring the value of a fully cloud-native platform.
TOKYO, March 29, 2024 /PRNewswire/ — Cato Networks, the SASE leader, announced a new SASE throughput record here at the Porsche Studio Ginza ahead of the 2024 Tokyo E-Prix, achieving 10 Gbps without hardware upgrades. At 10 Gbps, Cato became the first SASE platform to compete not only in the ABB FIA Formula E World Championship but also to deliver SASE performance so powerful that the TAG Heuer Porsche Formula E Team could transfer all the data of an entire Formula E season in under 2.5 hours instead of 3.5 days.

“We’re very excited to be partnering with the TAG Heuer Porsche Formula E Team at the 2024 Tokyo E-Prix,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “The incredible speeds of the Gen3 racecars are only matched by the unprecedented throughput of Cato SASE Cloud. With 10 Gbps, we enable enterprises to replace their data center firewalls and enjoy all the benefits of a true, cloud-native SASE platform.”
Cato SASE Speed Record Up to 3x Other SASE Solutions on the Grid
As SASE continues its upmarket movement, higher capacity connections become essential for meeting various business needs such as bandwidth-intensive applications (cloud storage and backup, disaster recovery), hybrid clouds connecting two parts of the data center for inter-application processing, and large campuses.
To meet those challenges, Cato is introducing 10 Gbps throughput on a single, encrypted tunnel. The doubling of Cato Cloud Interconnect and Cato Socket performance comes without costly hardware upgrades, typical of appliance-based architectures. Compute-intensive operations that usually degrade edge appliance performance — packet encryption/decryption, security inspection, and the like — are handled by multiple Cato Single Pass Processing Engine (SPACE) cores, concurrently processing real-time traffic within Cato PoPs (Points of Presence). Parallel network flow processing is also enabled within the Cato Socket to maximize throughput end-to-end.
By contrast, SASE solutions implemented as virtual machines (VMs) in the cloud or modified web proxies remain limited to under 2 Gbps of throughput for a single tunnel. Appliance-based SASE
solutions top out at just under 3 Gbps. The lower throughputs force enterprises to artificially split traffic within locations across multiple tunnels from the edge appliance to the SASE PoP, a layer of complexity and risk that does not exist in Cato SASE Cloud.
Tokyo: A Place for Fast Cars and Fast Networks
The 2024 Tokyo E-Prix is the perfect venue to highlight Cato’s breakthrough performance. In the fast-paced world of Formula E, every second counts. The sport is intensively data-driven, where teams rely on their IT networks to analyze data and make critical, split-second strategy decisions to achieve a winning edge. Multiple computers in the car produce 100 to 500 billion data points per event, with more than 400 gigabytes of data generated and sent back to the cloud for analysis.
With 16 E-Prix this season, many in regions lacking Tokyo’s developed infrastructure, the ABB FIA Formula E Word Championship presents an incredible networking and security stress test. Cato SASE Cloud provides fast, secure, and reliable access to the TAG Heuer Porsche Formula E Team, regardless of location.
Tokyo, Osaka, and soon Sapporo form the three PoP locations within Japan. Within Tokyo, three Cato PoPs service the region; another two PoPs service Osaka. A sixth PoP is opening in Sapporo. Should users or locations lose access to any one PoP, they would immediately fail over to one of the other PoPs in Japan, providing the TAG Heuer Porsche Formula E Team and all Cato customers with incredibly reliable access in Tokyo – and across the globe.
To learn more about Cato SASE Cloud, visit us at https://www.catonetworks.com/platform/
To learn more about Cato’s partnership with the TAG Heuer Porsche Formula E Team, visit us at https://www.catonetworks.com/porsche-formula-e-team/.
About Cato Networks
Cato Networks is the leader in SASE, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

View original content:https://www.prnewswire.co.uk/news-releases/cato-shatters-sase-speed-record-302101273.html

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