Kidney Stone Extraction Balloon Market Increasing from US$ 450.5 Million in 2022

[300 Pages Report] The kidney stone extraction balloon market is likely to show tremendous growth during the forecast period. The kidney stone extraction balloon catheters are mainly designed for treating strictures of the ureter.

They function by providing a uniform and effective dilatation in the nephrostomy tract. Moreover, the majority of kidney stone extraction balloon is made up of silicone to reduce the friction between the balloon surface and internal body parts. The kidney stone extraction balloon market is witnessing a rapidly evolving technology scenario, leading to development of unique and innovative products.

Kidney stone extraction balloon is a surgical device intended for the expansion of ureteral strictures before the kidney stone extraction process via ureteroscopy. Kidney stone extraction balloon is composed of a balloon-like structure at the tip and used for enlarging a narrow passage in the ureter or other related parts. Kidney stone extraction balloon is inserted in a deflated position and upon proper location, is inflated, and subsequently removed deflated.

Kidney stone extraction balloon is equipped with a guide-wire that has to be placed in the ureter. In addition, followed by the dilation of stricture, the guide wire remains in position. The kidney stone balloon catheters are available based on the size of the balloon and shape. The inflation of kidney extraction balloon is done with sterile water and air is often neglected as it may cause the balloon to float, and presence of salinity in water may cause deflation process to become complex due to the blockage in inflation channel with crystals.

Report Attributes Details
Projected Market Value (2022) US$ 450.5 Million
Anticipated Forecast Value (2032) US$ 902.2 Million
Estimated Growth Rate (2022-2032) 6.5%

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Kidney Stone Extraction Balloon Market: Drivers and Restraints

The growth of global kidney stone extraction balloon market is generally driven by increasing prevalence of kidney stones among the population. For instance, according to the estimates of National Kidney Foundation (NKF) in the late 2000s, approximately one in ten people is suffering from kidney stones, nearly 8.8% of total population is carrying kidney stone in U.S. alone, and approximately 19% are men and 9% are women. In addition, other factors such as rising incidence of high blood pressure, diabetes, and obesity in the general population, may increase the likelihood of developing kidney stones, and thereby, boost the growth of kidney stone extraction balloon market.

However, factors such as high cost of the instrument coupled with the high cost of the procedures are hampering the market growth of kidney stone extraction balloon. Furthermore, unfavourable reimbursement scenario and scarcity of skilled professionals may result in impeding the growth of kidney stone extraction balloon market.

Kidney Stone Extraction Balloon Market: Region Wise Outlook

Geographically, kidney stone extraction balloon market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America is projected to hold the largest market share, followed by Western Europe, primarily due to increasing prevalence of kidney stone disorders. In addition, rising awareness among physicians, and conducive reimbursement policies are driving the growth of kidney stone extraction balloon market in these regions.

The market in Asia Pacific is also expected to grow at a higher rate owing to increasing R&D expenditure by the government, increasing health care insurance policies, and large population base is fuelling the growth of kidney stone extraction balloon market. However, the regions such as Latin America, Eastern Europe, Middle East and Africa are expected to show stagnant growth during the forecast period owing to the lack of sophisticated healthcare infrastructure, and the dearth of skilled professionals.

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Kidney Stone Extraction Balloon Market: Key Players

Some of the market participants in the global kidney stone extraction balloon market are Boston Scientific Corporation, C. R. Bard, Inc., Coloplast Ltd., Cook Medical, Inc., iVascular SLU, Med Pro Medical B.V., NuAngle, Teleflex Incorporated, and many others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type, and end-use.

The Report covers exhaust Analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends /Issues/Challenges
  • Competition & Companies involved
  • Technology

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Kidney Stone Extraction Balloon Market: Segmentation:The global kidney stone extraction balloon market can be segmented on the basis of material type, filler type, end-user, and region.

On the basis of material type global kidney stone extraction balloon market can be segmented as:

  • Nylon
  • Silicone
  • Others

On the basis of filler, global kidney stone extraction balloon market can be segmented as:

  • Liquid
  • Air

On the basis of end user, global kidney stone extraction balloon market can be segmented as:

  • Hospitals
  • Ambulatory Surgical Centers
  • Dialysis Clinics

On the basis of region, global kidney stone extraction balloon market can be segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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MRI-Safe CRT Devices Market is valued at US$ 550.5 million as on 2022

[306 Pages Report] The MRI-safe CRT devices market, which is valued at US$ 550.5 million as on 2022, is anticipated to be valued at US$ 1511 million by 2032 and is expected to grow at a CAGR of 9.6% during the forecast period.

MRI Safe Cardiac Resynchronization Therapy Device Market Overview

MRI safe cardiac resynchronization therapy is the method used to improve the heart’s efficiency by increasing the oxygen and blood flow rate in the body. Patients suffering from heart failure syndromes such as shortness of breath, fatigue, swelling of the feet and legs, diminished appetite, exercise intolerance and depression or have developed arrhythmia are benefited with MRI safe cardiac resynchronization therapy devices. Clinical studies suggests that the use of MRI safe cardiac resynchronization therapy devices have reduced the number of hospitalization cases and the morbidity rate and also leads to the improvement in the quality of patient’s life. Moreover, MRI safe cardiac resynchronization therapy device treats the patients with moderate as well as severe symptoms of heart failure and the effectiveness of the therapy is equal in both men and women. The MRI safe cardiac resynchronization therapy devices are implanted in the body. The device is a pocket sized pacemaker, and is implanted just below the collarbone. The leads from the device, monitors the heart rate to detect the heart rate abnormalities and transmits small pulses to resynchronize the heart’s ventricles. The therapy device improves the heart rhythm and the symptoms associated with arrhythmia.

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MRI Safe Cardiac Resynchronization Therapy Device Market: Drivers & Restrains

The global MRI safe cardiac resynchronization therapy market is anticipated to experience an upsurge in the forecast period with the increasing prevalence of heart associated disorders including congestive heart failure and cardiomyopathy. The effectiveness of the MRI safe cardiac resynchronization therapy devices and its compatibility to the medical resonance imaging has enhanced the overall market for MRI safe cardiac resynchronisation therapy device market. The awareness programs conducted by various healthcare sectors as well as government organization, for spreading the information related to heart and diseases related to it is driving the MRI safe cardiac resynchronization therapy device market globally.  However, the lack of trained and skilled professionals and the high cost of the cardiac resynchronization therapy device are restraining the growth of the MRI safe cardiac synchronization therapy device market. In addition, lack of interoperability of data formats is also the reason for restraining the growth of the MRI safe cardiac resynchronization therapy device market.

MRI Safe Cardiac Resynchronization Therapy Device Market: Overview

MRI safe cardiac resynchronization therapy device defibrillators (CRT-D) incorporate the function of an implantable cardioverter- defibrillator, that quickly resynchronizes an life-threatening, abnormally fast heart rhythm. MRI safe cardiac resynchronization therapy Pacemaker and Defibrillator have increasingly important therapeutic application for patients with severe and moderate heart failure.  The acute care treatment is projected to improve the global market for MRI safe cardiac resynchronization therapy device.

MRI Safe Cardiac Resynchronization Therapy Device Market: Regional Overview

Based on the geography, the global MRI safe cardiac resynchronization therapy device market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is slated to dominate the global MRI safe cardiac resynchronization therapy device market throughout the forecast period owing to the presence of skilled and trained professionals. Europe is the next to hold the largest share in the global MRI safe cardiac resynchronization therapy device market. The increasing healthcare expenditure in Europe’s Medical industry has forced various healthcare organizations to adopt the new innovative technological advancements. Asia Pacific is projected to experience a rapid growth in the global MRI safe cardiac resynchronization therapy device market with increasing prevalence cases of heart disorders and the rising awareness to overcome them.

MRI Safe Cardiac Resynchronization Therapy Device Market: Key Players

The major players in the global MRI safe cardiac resynchronization therapy device market are St. Jude Medical, LLC, Medtronic, Scranton Gillette Communicationsand Boston Scientific Corporation.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Handheld Arthroscopic Instruments Market demand is projected to be valued at US$ 3193.3 Million in 2022

[300 Pages Report] The global handheld arthroscopic instruments market is expected to be worth $3193.3 million in 2022, rising at a 4.8% CAGR to $5352.0 million between 2022 and 2032. The rising demand for specialised hand instruments among physicians is driving growth. The handheld arthroscopic instrument market grew at a 5.6% CAGR between 2016 and 2021.

Handheld Arthroscopic Instruments Market: Regional Outlook

On the basis of regional presence, the global handheld arthroscopic instruments market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global handheld arthroscopic instruments market in terms of value and anticipated to register a significant CAGR over a forecast period. APEJ is also contributing moderate shares to the market due to large population base and improving healthcare infrastructure facilities expected to show a robust growth to the global handheld arthroscopic instruments market. Europe is the most lucrative market for the handheld arthroscopic instruments market. MEA is at a nascent stage to the global handheld arthroscopic instruments market and anticipated to register a decent growth to the market over a forecast period. Overall, the global handheld arthroscopic instruments market is expected to show significant growth over a forecast period.
To remain ahead of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-6001Arthroscopic instruments are used in procedures related to hand, knee, hip, shoulder and joint procedures. These instruments are mostly metallic and non-disposable. Arthroscopic instruments are used in arthroscopy which is used for the treatment, visualization, and diagnosis of joints related problems. Handheld arthroscopic instruments includes knives, graspers, probes, scissors, dissectors, punches, scissor punches and shears. These hand instruments comes in variety of configuration to suit surgeon preference and surgical need. Hand instruments are often sold as a complete package for treatment of a specific indication. Graspers and cutters are generally used in shoulder procedures whereas biters are usually used in knee surgeries. A basic arthroscopic kit consist of an arthroscope, a light source and cable, camera system and monitor, arthroscopic probe, an arthroscopic grasper, a shaver and arthroscopic punches. Arthroscopic surgeries offer several benefits over open surgeries as these surgeries tends to give less postoperative pain and these results in faster recovery.

Handheld Arthroscopic Instruments Market: Drivers and Restraints

The global handheld arthroscopic instruments market is anticipated to register a significant CAGR over a forecast period. The rise in number of ambulatory surgical centers (ASCs) in developed countries and ongoing technological advancements to make the procedure easier and safer, is anticipated to boost the demand of the handheld arthroscopic instruments market and drives the global handheld arthroscopic instruments market. The increase in the demand of physicians for specialized hand instruments is likely to fuel the growth of handheld arthroscopic instruments market. The increase in the number of arthroscopic procedures performed is also anticipated to drives the global handheld arthroscopic instruments market.

However, the long lifespan of hand instruments as most of these instruments are metallic and long lasting may hamper the demand for the handheld arthroscopic instruments market and restrain the growth of the global handheld arthroscopic instruments market. The non-disposable nature of these instruments limits the need of these instruments in market and restrain the growth of global handheld arthroscopic instruments market. Also, many skilled surgeons are unwilling to try the new designs and stay with their older generations of handheld instruments due to familiarity is another factor also hinder the demand for the handheld arthroscopic instruments market.

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Handheld Arthroscopic Instruments Market: Key Players

Some of the major market players in handheld arthroscopic instruments market globally include Smith & Nephew, Karl Storz, Stryker, Arthrex, Zimmer Biomet, Tornier N.V. and others. These companies are highly focused on the development of advanced handheld arthroscopic instruments further contributing to the growth of handheld arthroscopic instruments market globally.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Handheld Arthroscopic Instruments Market: Segmentation 

The global handheld arthroscopic instruments market is segmented on the basis of product type, application and end user:

On the basis of product type, the global handheld arthroscopic instruments market is segmented into:

  • Knives
  • Graspers
  • Scissors
  • Others

On the basis of application, the global handheld arthroscopic instruments market is segmented into:

  • Knee surgery
  • Shoulder surgery
  • Hip surgery
  • Others

On the basis of end user, the global handheld arthroscopic instruments market is segmented into:

  • Hospitals
  • Ambulatory surgical centers (ASCs)
  • Specialty clinics

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Cardiac Reader System Market is Expected to Observe a CAGR of More than 5% 2027

The global cardiac reader system to observe a CAGR of More than 5% over 2027.. As depicted in a new research study of Future Market Insights (FMI), benchtop analyzers continue to account for over 80% of overall sales of cardiac reader systems. Although the compact analyzer modularity is seemingly gaining ground, recently, owing to the convenience of usage, it is highly likely that the sales of benchtop variants will remain on a higher side over the coming years.

Prominent adoption of cardiac reader systems will prevail at hospitals and clinics. As revealed by FMI’s analysis, diagnostics continue to gather momentum, and thus laboratories are highly likely to develop lucrative potential in terms of adoption of cardiac reader systems. By the end of 2019, more than 1/4th of the overall cardiac reader system sales will be accounted by laboratories.

More than 40% of the overall demand for cardiac reader systems is catered by enzyme immunoassay analyzers, according to FMI’s findings. The next high-selling types of cardiac reader systems, chemiluminescence immunoassay analyzers and magnetic immuno-chromatographic assay analyzers, hold a significant revenue share of over 45% in the global cardiac reader system sales.

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Troponin Remains Preferred Biomarker

In around 2/5th of the cardiac reader systems sold, globally, troponin is the sought-after type of marker. According to the report, creatine kinase will also demonstrate high growth potential over other marker types in the cardiac reader system market. Troponin is highly sensitive and specific-in-action, which impart it superior diagnostic abilities over other conventional biomarkers. Except for highly sensitive cardiac injury, troponin barely shows false positive tests for the diagnosis of heart attack, angina pectoris, and myocardial infarction.

In line with the mounting demand for high-accuracy, time-efficient, and effective diagnostic outcomes, manufacturers of cardiac reader systems are focused on augmenting their R&D investments. According to the report, increase in R&D efforts will create a plethora of new growth opportunities for the cardiac reader system market. In addition, the notable increase in funds from PPPs (public-private partnerships) for R&D of novel cardiac biomarkers is cited as an important booster for demand growth of cardiac reader system.

Developing Markets Observing Hike in Sales

Demand for cardiac reader system in developed regional markets account for over half of the global demand, according to the study. Although the demand remains strong in the US, and thereby in North American region, the report envisages stronger growth prospects for the cardiac reader system market in Europe.

Moreover, FMI’s study points to visibly growing potential of developing regions, for the expansion of cardiac reader system market. Following Asia Pacific excluding Japan (APEJ), market in Latin America and Middle East and Africa (MEA) is also reflecting signs of healthy growth in forthcoming years.

Collaborations Trending in the Competitive Landscape

Some of the key vendors actively operating in the global cardiac reader system industry, include Radiometer Medical Aps, Creative Diagnostics, Boditech Med Inc., Mitsubishi Chemical Europe GmbH, and Quidel Corporation. According to FMI’s analysis, F. Hoffmann-La Roche Ltd., Beckman Coulter Inc., Siemens AG., and Abbott Laboratories are among the Tier 1 manufacturers of cardiac reader systems and account for a substantial revenue share in the global market.

Key manufacturers of cardiac reader systems are focusing on collaborations with universities and associations to develop their product portfolio. In March 2017, Abbott Laboratories had announced the collaboration with the Hennepin County Medical Center and the University of Minnesota, over the development of markers to be used in the guiding treatment.

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CARDIAC READER SYSTEM MARKET TAXONOMYThe global Cardiac Reader System market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Modularity Type

  • Benchtop Analyzers
  • Compact Analyzers

Product Type

  • Enzyme Immunoassay Analyzers
  • Chemiluminiscenece Immunoassay Analyzers
  • Magnetic Immuno-Chromatographic Assay Analyzers
  • Immuno-Fluorescence Analyzers

Marker Type

  • Troponin
  • Creatine Kinase
  • Myoglobin
  • Others

End Use

  • Hospitals and Clinics/li>
  • Laboratories
  • Ambulatory Surgical Centers
  • Other End Use

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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DSL Tester Market is Increasing Due to Growing Demand for High-Quality DSL Testers

The global DSL tester market is estimated to grow at a CAGR of over 5% throughout the forecast period. Worldwide sales of DSL testers were closed in at a valuation of US$ 1,008.9 Mn, adds the report.
As per the report, ever-evolving demand for additional bandwidth to support video, gaming, and streaming content is necessitating high adoption of testing equipment, thereby driving DSL tester market.

Rising deployment of DSL tester across multiple industries, including telecommunication, electric power, internet services, and others, is a key pacesetter of DSL tester market growth. Rising demand for tracing network cabling faults is another key factor pushing growth of DSL tester market in 2019 and beyond.

The DSL tester market is estimated to witness exponential growth during the forecast period, on account of a burgeoning number of internet handlers spreading across the globe. Moreover, a rapid increase in the number of subscriptions to internet services is estimated to boost the demand for DSL testers in the forthcoming years.

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Product Differentiation Trending in Competitive Landscape of DSL Tester Market

In line with the increasing use of broadcast video services or multicast, video streaming, and other applications, vendors of DSL testers are vying to offer distinguishable products with operational efficiency and performance stability. This is resulting in a massive influx of new and advanced products in the DSL tester market, paving favourable growth avenues for DSL tester market.

To meet consumer demand, the key manufacturers of DSL testers are concentrating on improving their products and announcing several upgrades to gain an edge over their competitors. Moreover, the vendors of DSL testers are focusing on providing cost-effective and high-performance instruments. Furthermore, vendors are launching DSL testers with multiple functions, better capability, and handheld instruments for refining the standard of testing flaws in wiring or cabling.

For example, in 2018, VIAVI Solutions Inc., one of the prominent US-based vendors of DSL testers, launched a modular field DSL tester with multiple touch instrument, which is inspired from smart phones. This device contains vectored pairs, copper, POTS, and coax/HPNA.

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Manufacturers Focus on Technological Advancements to Boost Product Positioning

The DSL tester market is gaining traction over the past few years owing to the availability of technically advanced DSL testers. Technological improvements, such as DC voltage measurements, network scanning, and other improved features of DSL testers, are expected to boost sales of DSL testers at a significant rate.

As per the report, North America holds a significant share in the field of DSL testers owing to strong presence of telecommunication and internet service providers spread across the region. Moreover, the presence of the prominent players of DSL testers in the North America region is further catalysing the growth of the regional market.

According to FMI analysis, EXFO Inc., Agilent Technologies, and VIAVI Solutions Inc. are among the key manufacturers of DSL testers. Manufacturing and providing a wide range of DSL tester to customers as per the industry requirements are among the key strategies followed by these leading players to capture a significant share of the DSL tester market.

Few other prominent manufacturers of DSL testers profiled in the report are Emerson Electric Co., Spirent Communications, 3M, Keysight Technologies, Riser Bond Instruments, Shandong Senter Electronic Co., Ltd, T & M TOOLS CO., Limited, JDSU Acterna, Klein Tools, Inc., and ARGUS.

Key Segment

Based on Modularity Type

  • Handheld
  • Portable DSL Tester

Based on End Use

  • Internet Service Providers
  • Telecommunication
  • Electric power
  • Other Industries

Based on Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East & Africa (MEA)

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

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Global Optical Spectrum Analyzer Market is Estimated to Grow at a CAGR of 5.7% Approximately Over 2022-2032

The global optical spectrum analyzer market is currently valued at around US$ 342.3 Mn and is anticipated to progress at a CAGR of 5.7% to reach US$ 593.2 Mn by 2032.

The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

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According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.8% CAGR during the forecast period from the year 2022 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

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Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Thorlabs has launched their new Dual-Function Broadband Spectrometer and Wavelength Meter equipped with FC/PC Fiber Connector and Free-Space Optical Input. This type of optical spectrum analyzer is capable of working in two modes- spectrometer mode (7.5 GHz resolution) and wavelength meter mode (0.1 ppm resolution).

Global Optical Spectrum Analyzer Market by CategoryBy Product Type:

  • Portable
  • Benchtop
  • Handheld

By Mode Type:

  • Spectrometer Mode
  • Wavelength Meter Mode

By End Use:

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Water Quality Testing Equipment Market will Surge at a Healthy CAGR of More than 5.5% in 2027

The water quality testing equipment sales roughly equated US$ 3.4 Bn .According to a new analytical study of Future Market Insights (FMI), sales of water quality testing equipment will surge at a healthy CAGR of more than 5.5% during the projection period 2027.

Constantly evolving regulatory framework for long-distance trade of products such as oil and natural gas, manufactured clothing and automotive products will also remain among the key factors fueling revenue growth of water quality testing equipment market. Water, steam, as well as ice are utilised for a range of small- and large-scale cooling and warming applications, further pushing demand growth of water quality testing equipment.

Various industrial applications such as groundwater and surface water investigations of water bodies make it imperative to monitor physical, chemical, and biological parameters of water. According to FMI’s analysis, this will a significant booster for global water testing equipment market growth through 2027.

Around 70% of the freshwater is used in horticulture, which will continue to establish a strong base for growth of water quality testing equipment market. Fishing in salt and fresh water has been a primary income source within several regions, which is cited as another important factor pushing expansion of water quality testing equipment market.

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Strict Regulatory Framework to Drive Water Quality Testing Equipment Market Growth in Developed Regions.

FMI further expects the water quality testing equipment market to witness solid growth in Middle East & Africa (MEA) owing to the growing implementation of strict regulatory guidelines related to safe drinking water, by governments. The Americas and Europe will however remain dominant in the water quality testing equipment market, driven by rapid industrialization, and strongly backed by the stringent regulatory framework.

The report foresees water quality testing equipment market in Asia Pacific excluding Japan (APEJ) to hold a substantial share in the global market value in coming years.  Increasing investments from governments to strengthen the implementation of water policies and growing adoption of safe-water standards as well as multiple international regulations and policies will prominently drive adoption of water quality testing equipment within APEJ

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Inadequate Awareness & Relatively Low Capital Investment May Affect Growth of Water Quality Testing Equipment Market

Although various international organisations, such as WHO, International Water Management Institute, and UN World Water Development among others are continuously introducing favourable regulatory policies for water management, lack of sufficient public awareness about safe water quality, particularly in several underdeveloped and developing economies, will continue to be a major challenge facing adoption rate of water quality testing equipment.

Inadequate funding and negotiable governmental policies within several economies will also remain the significant factor negatively impacting growth of water quality testing equipment market.

FMI’s report has profiled some of the key players operating in the global water quality test equipment market, including ABB Ltd., Hanna Instruments, SUEZ, Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Danaher Corporation (Hach), Honeywell International Inc., Shimadzu Corporation, and Emerson Electric Co. among others.

Key SegmentOn the basis of application

  • industrial
  • environmental
  • laboratory
  • government

On the basis of device type

  • stationery or bench-top
  • portable

On the basis of test type

  • pH test
  • dissolved oxygen test
  • conductivity test
  • turbidity test
  • TDC tests

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Temperature Controlled Pharma Packaging Solutions Market : Value Chain, Stakeholder Analysis and Trends by 2032

The global temperature controlled pharma packaging solutions market is anticipated to reach a valuation of US$ 7.4 Bn in 2032, with sales growing at a robust CAGR of 7.8% over the forecast period of 2022 to 2032. Valued at an estimated US$ 4 Bn in 2022, the temperature controlled pharma packaging solutions market is driven by the quickly expanding pharmaceutical sector. The introduction of multiple new drugs and medications are also likely to supplement the market expansion of temperature controlled pharma packaging solutions market over the forecast period.

Chemical goods and pharmaceutical medications that are temperature sensitive make use of temperature controlled pharma packaging solutions. Temperature controlled pharma packaging solutions aid in preserving the temperature of the product thereby preserving the shelf life of the product. This property of temperature controlled pharma packaging solutions encourages attractive market possibilities. Over the past decade, there has been increasing awareness about product safety, specifically in the pharmaceutical sector. Hence, escalating awareness about product safety and maintenance of the product’s shelf life promote the target market expansion.

Moreover, the integration of technologically advanced tools into temperature controlled pharma packaging solutions will further propel the market to grow. Due to stronger packaging regulations, the market players are focused on quality packaging as well as on compliance with the regulations. Thus, these players are utilizing cost effective and technologically advanced temperature controlled pharma packaging solutions. Plenty of lucrative market opportunities are offered to the temperature controlled pharma packaging solutions market due to the use of next-gen tracking technology and high insulation-based packaging solutions.

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Although the target market faces healthy market prospects over the forecasted period, implementation of stringent regulations regarding the packaging of pharmaceutical goods may impede the market growth of temperature controlled pharma packaging solutions.

“This will stimulate the market prospects for temperature controlled pharma packaging solutions over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Technological enhancements to increase market growth over the forecast period.
  • High maintenance and investment costs may hamper market prospects.
  • The temperature controlled pharma packaging solutions market in Europe is predicted to dominate the global space.
  • Increasing use of temperature sensitive medical products will prompt market growth in the U.S.
  • China will register a high growth rate of the target market over the assessment period.
  • By product type, insulated shippers segment will lead the market growth.

Competitive Landscape 

Sonoco Products Company, Pelican Biothermal, Sofrigam SA Ltd., Cryopak, Cold Chain Technologies, Envirotainer Ltd., va-Q-tec AG, Inmark Packaging, American Aerogel Corporation, and others are some of the major players in the temperature controlled pharma packaging solutions market that are profiled in the full version of the report.

Major market players are focusing on utilizing technological innovations and advancements to expand their business. These organizations are increasing their investment in research and development activities to introduce more efficient products in to the market to gain a competitive advantage.

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More Insights into the Temperature Controlled Pharma Packaging Solutions Market Report

In its latest report, FMI offers an unbiased analysis of the global temperature controlled pharma packaging solutions market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on product (insulated shippers (panels and envelopes, EPS foam containers, fiberboards, PUR containers), insulated protective shippers, insulated containers (chest style, upright style), others (refrigerants, gel, icepacks, phase change materials, etc.), application (frozen temperature controlled pharma packaging solutions, chilled temperature controlled pharma packaging solutions, ambient temperature controlled pharma packaging solutions), and region.

According to the latest FMI reports, based on region, the temperature controlled pharma packaging solutions market in Europe will likely dominate the global arena. The target market in this region is expected to grow and develop at a rapid rate during the projected period. Escalating disease outbreaks coupled with high demand for cold storage for medical goods in the healthcare sector will drive the market growth during the assessment period.

Apart from Europe, countries like the U.S. and China are projected to exhibit impressive growth over the forecasted period. A prosperous pharmaceutical industry along with rising demand for vaccines and other temperature sensitive medical goods foster market growth in the U.S. whereas in China, the market growth is driven by extensive research and development activities on thermal packaging solutions.

Based on segmentation, on the basis of product type, the insulated shippers segment is estimated to account for the highest revenue while the chilled temperature controlled pharma packaging solutions segment will register the highest demand over the forecast period.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Key Market Trends

TOC continued…!

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.

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T: +1-845-579-5705

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Battery Management System Market is Estimated to Be Valued at US$ 37715.01 Bn By 2032

The battery management system market is anticipated to observe growth at a CAGR of 17.8% and is likely to touch a valuation of USD 37715.01 bn by 2032, while it holds a revenue of USD 7329.28 Mn in 2022. High Penetration of Electric and Hybrid Vehicles Push the Demand for Battery Management System.

Proliferating fuel prices along with the advent of high-performance hybrid and fully electric vehicles have increased the demand for battery management system for better power transmission and delivery.

Rising adoption of electric and hybrid vehicles along with development in wireless and connected device technology Rising adoption of electric and hybrid vehicles along with development in wireless and connected device technology

The battery management system is the heart of any electric vehicle, transmitting the power and energy to run the motor system. The battery management system is nothing else but electronic control circuits that monitor and regulate the charging and discharge of batteries.

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This system allows users to monitor the performance vitals of the battery including battery type, temperature, state of charge, power consumption, remaining operating time, charging cycle, and other properties.

Key Takeaways from Market Study

  • The battery management system market is expected to increase with a market share of 20-25% in North America.
  • Germany is the biggest market for battery management system market in Europe.
  • Based on product type category, lithium-ion battery type holds the biggest market share of 41.5 in 2022. The factors behind the growth of this segment are its incorporated applications in mobile electronic devices and electric vehicles due to their high efficiency and high energy density.
  • Battery management system market analysis explains that modular topologies segment is rising with a strong CAGR of 22,7% (2022-2032) among topologies category with an incremental opportunity of above USD 7.9 Billion between 2022 and 2032

The increased fuel prices due to the Ukraine-Russia war has led to high logistics and fluctuating duties on it. Due to this, people are shifting towards electric vehicles and have started adopting the latest technology-backed EVs. However, sales of battery management systems were restricted during the previous forecast period (2017-2022) due to the logistics bans and the lack of research on electric vehicles. The shutdowns of electric technology programs along with the lower capital generation through the already existing programs led to the slowdown of the battery management system market. The market is set to recover through 2032 due to the higher sales of hybrid and electric vehicles.” says a Future Market Insights analyst.

Competitive Landscape

The battery management system market is fragmented by the several key vendors present in the market to lift the market share of battery management system. These players are using various tactics to acquire bigger share in the market in recent years.

Market is open to monopolization and can be seen getting influenced from the major players. Though the latest experiments are helping the space to be wide.

Recent Market Development

  • L&T has introduced its custom-designed battery management system that keeps the electric vehicles in the safe zone that has better temperature management with 90% efficiency, 20% cost reduction. This is likely to fuel the demand for battery management system.
  • Toshiba electronic device lyd has launched its battery/power management system that develops new products by applying it to multiple formats. Brand ensures the improvement of safety, high efficiency, and miniaturization (Small size package).

Key Players

  • Toshiba Corporation
  • L&T Technology Services
  • Navitas System, LLC
  • Merlin Equipment Ltd.
  • Ashwoods Energy Limited
  • Lithium Balance Corporation
  • Nuvation Engineering

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Key Segments

Battery Type:

  • Lithium Ion
  • Advanced Lead-Acid
  • Others

Topologies:

  • Centralized
  • Modular
  • Distributed

Components:

  • Battery Control Unit
  • Battery Communications Interfaces (CAN bus )

Application:

  • Automotive
    • Electric Vehicles
    • E-Bikes
    • Others
  • Military
    • Military Drones
    • Submarines
    • Others
  • Consumer/ Handheld
    • Power Tools
    • Home Appliances
    • Others
  • Telecom
  • Energy
    • Grids
    • Wind/Solar Farms
    • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
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Packaging Barrier Films Market Key Opportunity, Analysis, Growth, Trends 2030

Global packaging barrier films market is expected to witness a definitive surge as the demand for safe packaging for food and beverages remains a grave concern. The risk of food spoilage while handling and storing is projected to fuel the uptake of packaging barrier films in the coming years. The impermeable nature of barrier films makes them ideal for storing packaged food.

Over the years, development of sturdy material that keep the contents away from exposure to oxygen and other gases has strengthened the case for these films. Furthermore, packaging barrier films do not react with packaged food, which makes an ideal choice.

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Analysts project that meat and fish will be the growing end use of packaging barrier films are they have the least oxygen transmission rate. The growing consumption of frozen food, lifestyle that dictate easting convenient food, and booming restaurant industry are expected to fuel the growth of this market in the coming years.

According to Future Market Insights, the global packaging barrier films market is expected to register a CAGR of 5.2% during the forecast period of 2020 and 2030.

Global Packaging Films Market Study and Findings

  • Packaging barrier films are highly preferred in the pouches and shrink films packaging. Hence, these application segments are expected to account for around 58% of the collective market share by the end of forecast period.
  • Food and beverages segment to account for significant uptake of packaging barrier films as demand for frozen food reaches all time high
  • Pharmaceutical industry to contribute as hospital admissions remain high throughout the globe
  • Emerging economies of India and China to be key raw material suppliers
  • LDPE to remain highly used material as it offers exceptional barrier to moisture, strength, and flexibility

“Packaging barrier films market is expected to see a remarkable rise in the coming years as food consumption patterns change drastically. With increasing investments in research and development to manufacture stronger films, manufacturers are expected to lure bigger consumer base. In the coming years, manufacturers are expected to focus on building a circular economy by ensuring these films are recycled and reused,” says FMI analyst.

Smaller Packs to Lead Growth for Packaging Barrier Films as Preference Shifts

The demand for packaging barrier films is expected to be driven by small sized packs, which are easily reusable. Growing number of travelers and increasing awareness about reusing plastic-made items have contributed to this demand. Demand for light weight packaging products has also defined the success of packaging barrier films.

Consumers are increasingly opting for peel able packaging solutions. The demand for these will be high in packaging of cheese, meats, and poultry products. Thus, the growing consumption of these products will indirectly affect the sales of packaging barrier films.

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COVID-19 Impact on Packaging Barrier Films

The impact of COVID-19 can be felt on global packaging barrier films as the sales of cosmetics have suffered to a great degree. The market has taken a hit due to ban on international travel and trade. Furthermore, stringent lockdowns that restricted e-commerce industry as well have led to a drop in the sales of packaging barrier films in the first two quarters of 2020.

However, analysts project that the demand for packaging barrier films is expected to regain normalcy as its demand picks up in pharmaceutical and food and beverage industry. As restaurants open for delivery and with limited capacity, they are further expected give the global market an impetus.

Packaging Barrier Films Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global packaging barrier films market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into material (PE, BOPET, PP, inorganic oxides, aluminum, polyamide, PVDC, EVOH, and others), product type (metallized films, organic coating films, inorganic oxide coating films, and other barrier films), barrier type (low barrier, medium barrier, high barrier, and ultra-high barrier), application (pouches, blister pack base webs, shrink films, stretch wraps, sachets, and lids) across seven regions.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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