Optoelectronic Transducers Market size 2022 Comprehensive Shares, Historical Trends And Forecast By 2032

The global optoelectronic transducers market size is forecasted to be appraised at US$ 3645.8 million by 2032, up from US$ 2403.5 million in 2022, advancing at a CAGR of 4.3% during the forecast period.

Optoelectronics is a rapidly developing technology that deals with the sourcing, detection, and control of light. The increased use of optoelectronic transducers for converting one energy to another is driving up demand for them.

Furthermore, the market for optoelectronic transducers is driven by their high performance, low energy consumption, and high bandwidth. The market for optoelectronic transducers is expected to expand as more industries adopt this technology.

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The ability of optoelectronic transducers to detect light waves and convert them into voltage or current in order to measure light intensity is driving sales.

Global Optoelectronic Transducers Market: Drivers 

Rising innovations in semiconductors, widened the scope to incorporate photonics and electro-optics, usage of optoelectronic components in end-use applications exclusively in electronics are going to surge the growth of the optoelectronic transducers market. 

Optoelectronic transducers with the unique features for measuring the light source by detecting and converting to voltage or current and signal conditioning drives the growth of the market. Optoelectronic components are semiconductor devices highly used in all electronic applications such as television, cameras, CD-DVD, laptops, Xerox machines and, smartphones, its components used in various applications LED, Laser diode, and the image sensor which are highly used in drives the growth of the market. 

Components like LED is used in residential and commercial due to their high efficiency, durability. The laser diode is used in telecommunication and other semiconductor devices. The image sensor is used in machine vision cameras, surveillance cameras, and automotive cameras. This product can further increase applications and help further growth of the market. 

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Global Optoelectronic Transducers Market: Market Participants 

Examples of some of the market participants identified across the value chain include, Avago Technologies, Oplink Communications LLC, Finisar, Sharp Corp., Toshiba Corp., Accelink Technologies, JDSU,Fujitsu,Broadex Technologies, Sony Corp., Oclaro Inc., BetaLED,Philips., NeoPhotonics. 

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 categories such as market segments, geographies, types, technology and applications. 

Key Segments In The Optoelectronic Transducers Market

By Component:

  • LED
  • Laser Diode
  • Image sensor
  • Opto-coupler

By Device Material:

  • Gallium Nitride
  • Gallium Arsenide
  • Gallium Phosphide
  • Silicon Germanium
  • Silicon Carbide
  • Indium Phosphide

By Application:

  • Residential
  • Commercial
  • Telecommunication
  • Consumer electronics
  • Healthcare
  • Other Industrial Process
  • Defence

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Combi Cooler Market demand 2022 Key Players, End User, Demand and Consumption by 2032

Over the forecast period of 2022-2032, sales in the global combi cooler market demand is projected to grow at a value CAGR of 3.7%, to reach a valuation of over US$ 332.3 Mn by 2032.

The combi cooler market is predicted to grow in response to rising demand from end-use industries such as the oil & gas, chemical, energy & transmission, automotive & aerospace, and heavy machinery manufacturing.

Many of the world’s top factories use screw compressors as an energy source. In the oil & gas, pharmaceutical, food & beverage, and automotive industries, screw compressors are widely used, which allows manufacturers to mass produce complex products and machinery at a faster rate. Thus, the market for combi coolers is expanding as a result of the rising demand for screw compressors.

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The use of a combi cooler eliminates the need for large, costly, and difficult-to-install condenser units. Additionally, combi coolers are in high demand since they require less installation effort indoors and outside.

“Increasing need for sustainable and economical solutions for heat exchangers within various end-use sectors such as the heavy machinery industry and energy & transmission are creating opportunities for growth in the market,” says an FMI analyst.

Key Takeaways:

  • Based on power, the 250 to 400 Kw combi cooler segment will account for 33.5% of the total market share in 2022.
  • By material, sales of aluminum combi cooler will hold about 69.3% of the total market share.
  • In terms of end use, the oil & gas segment will create an absolute dollar opportunity worth US$ 16.7 Mn during the forecast period.
  • By 2032, Europe is expected to have the largest share in the global market, accounting for around 27% share.

Market Landscape

HAINZL INDUSTRIESYSTEME GmbH, Standard Radiators Pvt. Ltd., HYDAC INTERNATIONAL GmbH, EMMEGI Heat Exchangers Inc., ROTORCOMP VERDICHTER GmbH, G&M Radiator, ACP (Changzhou) Heat Exchanger Co., Ltd., KTR Systems GmbH, EMMEGI GmbH, Oesse Srl, Thermex Ltd, GDM Cooler Manufacturing Ltd, Dolphin Manufacturing LLC, Engendren Corporation, Horizon Enterprise, COMP AIR TREATMENT SYSTEM P. LTD. ,Wuxi Guanyun Heat Exchanger Co.,Ltd., and WUXI XINSHENG HEAT EXCHANGER TECHNOLOGY CO.,LTD are some of the key manufacturers of combi coolers.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

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Key Segments Covered in Combi Cooler Market Analysis

By Power:

  • Upto 10 Kw
  • 10 to 50 Kw
  • 50 to 250 Kw
  • 250 to 400 Kw
  • Above 400 Kw

By Material:

  • Aluminium
  • Copper
  • Brass
  • Others

By End Use:

  • Oil and Gas Industry
  • Chemical Industry
  • Energy and Transmission
  • Automotive and Aerospace
  • Mining and Material
  • Others Manufacturing Machineries

By Region:

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

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Membrane Filter Cartridge Market Set to Witness an Uptick Size US$ 2042 Million in 2022 | CAGR 4.5% – By FMI

Membrane Filter Cartridge Market Snapshot (2022-2032)

[342 Pages Report] The global membrane filter cartridge market size is expected to reach US$ 3300 Million in 2032. The membrane filter cartridge market is growing rapidly.

As per FMI Analysts, the global Membrane filter cartridge market is estimated to be valued at US$ 2042 Million in 2022 and is projected to increase at a CAGR of 4.5% in the forecast period from 2022 to 2032.

The membrane filter cartridge consists of a series of microporous filtration films with a specific pore size rating that works by retaining particles or microbes that exceed their pore size. Membrane filter cartridges primarily capture particles on the surface of the membrane. Membrane filter cartridges are composed of multiple layers of membranes to retain microparticles.

A membrane filter cartridge can be used for a wide range of applications, including medical, refining petroleum, dairy processes, sterilization, wastewater treatment, and more. Membrane filters can be used in microfiltration, nanofiltration, ultrafiltration, and reverse osmosis. Therefore the demand for membrane filter cartridges is high.

Several factors are driving the growth of the membrane filter cartridge market in the forecast period, including the increasing use of membrane filter cartridges and the growth in the biotechnology and pharmaceutical industries.

Further, technological developments in nanotechnology and the production of patented and generic products also contribute to the growing sales of membrane filter cartridges. However, factors such as the high cost of cartridges and complicated filtration processes hamper this market.

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As one of the largest segments, North America is projected to hold the largest market share in the global membrane filter cartridge market. This can be attributed to the high demand for bioprocessing solutions, the increasing technological advances in nanotechnology, and the consistent introduction of novel biopharmaceutical products in these regions.

Membrane filter cartridge markets in the Asia Pacific and Japan are also predicted to grow at a faster rate due to the expanding infrastructure for processing pharmaceuticals, improving production plants that use advanced machinery, and government subsidies for enhancing high-quality production.

In spite of this, regions such as Latin America, Eastern Europe, and the Middle East and Africa are expected to witness relatively slow growth in the near future due to the lack of infrastructure. Moreover, since a limited number of global players are present, these regions are predicted to present lucrative opportunities in the membrane filter cartridge market.

What are the Various Factors Driving the Membrane Filter Cartridge Market?

The membrane filter cartridge market has received a lot of traction in the industry.

Filter cartridges made of micro-porous films with a specified pore size are mainly designed to retain particles greater than the pore size and contain multiple layers of membranes to prevent a build-up of microorganisms. Membrane filter cartridges are typically composed of more than one pore layer to prevent microorganisms from escaping.

During the forecast period, the membrane filter cartridge market is likely to grow tremendously. As membrane filter cartridges are increasingly used, coupled with the growth of industries such as biotechnology and pharmaceuticals, the market for membrane filter cartridges is expected to grow tremendously.

Further, technological advances in nanotechnology and increasing production of patented and generic products have also contributed to boosting the growth of membrane filter cartridge markets. However, factors such as the high cost of cartridges and complicated filtration process setups are impeding the growth of the membrane filter cartridge market.

The membrane filter cartridge market can also be restricted by the product’s limited life expectancy and the deposition of particles within the cartridges.

What is Regional Analysis of Membrane Filter Cartridge Market Share?

Depending on geography, membrane filter cartridges are classified into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East, and Africa.

The North American market is expected to be the largest market share holder for membrane filter cartridges in the global market, followed by Western Europe, mainly due to the high demand for bioprocessing solutions, increasing technological advancements in nanotechnology, and the consistent introduction of novelty biopharmaceutical products in each of these regions.

In the Asia Pacific and Japan, the membrane filter cartridge market is also anticipated to grow at a higher rate, thanks to increasing infrastructure for the processing of pharmaceuticals, the evolution of production plants to more advanced machinery, and government programs to facilitate the production of higher quality products.

As a result, regions such as Latin America, Eastern Europe, and the Middle East and Africa are anticipated to experience modest growth during the forecast period due to the lack of infrastructure in these regions. Furthermore, these regions are anticipated to showcase lucrative opportunities in the membrane filter cartridge market due to the lack of local players in this market.

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What is the Competition Landscape in the Membrane Filter Cartridge Market?

There are several types of membrane filter cartridges in the market, each designed for a particular application. Membrane filter cartridges are utilized in conjunction with other separation techniques to ensure contamination-free products. Membrane filter cartridges are primarily used for filtration and for removing granules from media.

The membrane filter cartridges market is characterized by several regional, international, and local companies operating in it, resulting in a highly fragmented market and low bargaining power of suppliers. Additionally, there is a high level of competition between players in the market. A developing new product strategy with advanced technology is an important strategy that manufacturers adopt to meet the needs of different end-users.

Key Players:

Some of the leading companies operating in the global membrane filter cartridge market include  Technofilter Research & Manufacturing Enterprise Ltd., Wolftechnik Filtersysteme, Pall Corporation, Saint-Gobain Filtration Technologies, Parker Hannifin Corp., 3M Company, Absolute Filter Solutions Pvt. Ltd., Hangzhou Anow Microfiltration Co., Ltd., Eaton, Brother Filtration, Merck KGaA, Meissner Filtration Products, Inc., GE Healthcare Life Sciences, Sartorius Stedim Biotech S.A., Graver Technologies, LLC, and Koch Membrane Systems, Inc.

Report Scope

Growth Rate

CAGR of 4.5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

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Segments Covered

  • Material Type
  • End User
  • Region
    Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Australia
  • New Zealand
  • China
  • India
  • Japan
  • GCC
  • South Africa
  • North Africa
    Key Companies Profiled
  • Technofilter Research & Manufacturing Enterprise Ltd.
  • Wolftechnik Filtersysteme
  • Pall Corporation
  • Saint-Gobain Filtration Technologies
  • Parker Hannifin Corp.
  • 3M Company
  • Absolute Filter Solutions Pvt. Ltd.
  • Hangzhou Anow Microfiltration Co., Ltd.
  • Eaton, Brother Filtration
  • Merck KGaA
  • Meissner Filtration Products, Inc.
  • GE Healthcare Life Sciences
  • Sartorius Stedim Biotech S.A.
  • Graver Technologies
  • LLC
  • Koch Membrane Systems, Inc

Key Segments Profiled in the Membrane Filter Cartridge Market

By Material Type:

  • Polyamide
  • Polyethersulfone
  • Polytetrafluoroethylene (PTFE)
  • Polypropylene
  • Ftoroplast 42L
  • Polyethylene terephthalate
  • Cellulose Acetate

By End User:

  • Biopharmaceutical Companies
  • Contract Manufacturing Organizations
  • Academic and Research Institutes
  • Others

By Region:

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

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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Aerospace Fiber Optics Market value 2022 anKey Players, SWOT Analysis, Key Indicatorsd Forecast to 2032

The Asia Pacific aerospace fiber optic market value was valued at US$ 403.59 Million in 2022 and is expected to reach US$ 743.48 Million by 2032, expanding at a CAGR of 6.3% from 2022 to 2032.

The global market for aerospace fiber optics is witnessing a significant surge in demand in the Asia Pacific as the aircraft industry broadens. The increasing adoption of in-flight entertainment systems in commercial aircraft has had a significant beneficial effect on the aerospace fiber optics industry.

Global aerospace fiber optics demand is anticipated to be valued at US$ 3,998.2 Million in 2022, forecast to grow at a CAGR of 6.3% to be valued at US$ 7,338.2 Million from 2022 to 2032. An optical fibre is a transparent fibre made of glass threads that are slightly larger in diameter than a human hair. These glass threads can transmit light between the ends of the fibre, allowing signals to be transmitted for communication reasons.

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Aerospace Fiber Optics Market Overview 

An optical fiber is a transparent fiber made of glass threads with a diameter slightly greater than that of a human hair. These glass threads are capable of transmitting light between the ends of the fiber, which serves in transmitting signals for communication purposes. Fibers have replaced metal wires, due to their salient features, such as reduced losses, immunity against electromagnetic interference, high bandwidth and long distance range. Many industries are switching from traditional metal wires to fiber optics and the aerospace industry is adopting this transition as well. 

In airplanes, traditional cables have to be carefully insulated as they remain vulnerable to lightning strikes but this is not the case with fiber optics. In aircraft jet engines, inside temperature is measured with the use of fiber optics, which transfer radiation into a radiation pyrometer. In the landing gear instrumentation system, the optical sensing solution is used to face harsh conditions. Attributing to lighter weight, improved reliability and other important features, fiber optics hold strong potential in the global aerospace industry. 

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Aerospace Fiber Optics Market: Dynamics 

Characteristics, such as reduction in the size and mass of sensors and cables, immunity towards interference of radio frequency, safe operations in vulnerable areas and higher fatigue durability are driving the growth of the aerospace fiber optics market. Growing technology and inventions in the aerospace industry with increasing crowd in civil aviation have also spurred growth of the aerospace fiber optics market. The need for efficient avionics networks, cabin management systems, flight management systems and weather radar systems has significantly accelerated the adoption of fiber optics. 

Reduction in the cost of aerospace fiber optics is the primary requirement of costumers. As compared to traditional metal cables, fiber optics are way more expensive. Hence, manufacturers have to face the challenge of cost reduction without compromising the quality of products. The implementation of programs, such as Aerospace Acoustic Emission Monitoring System and Airframe Structural Health Monitoring System is enhancing safety in aircraft, which is an ongoing trend that is resulting in significant growth of the aerospace fiber optics market.  

Aerospace Fiber Optics Market: Market Participants 

Examples of some of the market participants identified across the value chain of the global aerospace fiber optics market include: 

  • Smart Fibres Ltd 
  • Corning Incorporated
  • Amphenol Aerospace 
  • Carlisle Interconnect Technologies 
  • Timbercon, Inc. 
  • W. L. Gore & Associates, Inc. 
  • Cotsworks LLC
  • kSARIA Corporation 
  • QPC Fiber Optic, LLC 

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. 

Aerospace Fiber Optics Market: Segmentation 

The aerospace fiber optics market can be segmented by product type and by end use type. 

By product type, the global aerospace fiber optics market can be segmented as: 

  • Single mode 
  • Multi-mode 

By end use type, the global aerospace fiber optics market can be segmented as: 

  • Civil aviation
  • Defense 
  • Space 

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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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Thickness Planers Market size Research Report 2022 – Forecast till 2032

The global thickness planers market size is projected to experience considerable growth during the forecast period from 2022 to 2032. Growth is attributed to the rising adoption of thickness planers by wood workers and DIY (do-it-yourself) enthusiasts around the world.

Thickness planers are woodworking machines that are used to trim wood boards to a uniform thickness along their length. They are increasingly being used in woodworking factories and homes to flatten and smooth rough wooden surfaces, as well as to reduce their thickness.

Traditionally, adjusting the thickness of wood boards was done by hand. Workers used their hands to trim and smooth the surfaces of wooden boards with various tools. This procedure used to take hours and was costly. However, as technology advanced, new tools such as thickness planers were developed, which not only made this job easier but also reduced labour costs.

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Thickness planers are now commonplace in homes and woodworking shops for quickly creating parallel surfaces and adjusting the thickness of finished boards. These machines trim wood more precisely and accurately. The increasing use of thickness planers by woodworkers and DIY enthusiasts for flattening and trimming wooden boards to the desired thickness is providing a significant benefit.

Furthermore, innovation in thickness planers technology, size, and design plays a significant role in growing the thickness planers market. Initially, thickness planers were large industrial machines that were expensive and difficult to use in a home setting. This prompted manufacturers to release portable thickness planers in small sizes.

Furthermore, the increasing use of thickness planers for other woodworking tasks such as chamfering, jointing wide boards, and creating tapers will boost their sales in the future.

Market Competition

Some of the key participants present in the global thickness planers market include Black & Decker Inc. (DeWalt), POWERTEC, WEN Products, Delta Power Equipment Corporation, Makita Corporation, Grizzly Industrial Inc., King Canada, Portable-Cable Corporation, General International and Cutech Tool LLC.

These leading market players are constantly upgrading their products portfolios to increase their customer base. They are using various strategies such as price reduction, development of compact products, move towards online platforms and partnerships with domestic players to expand their global footprint.

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Key Segments Profiled in the Thickness Planers Industry Survey

By Type:

  • Handheld Thickness Planers
  • Bench-Top Thickness Planers
  • Heavy Duty Thickness Planers

By Input Width:

  • Less than 15 Inches
  • More than 15 Inches

By End User:

  • Personal
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Prophylactic HIV drugs Market Worth US$ 40 Bn in 2028 | CAGR 4 % – By FMI

Prophylactic HIV Drugs Market Snapshot (2022-2032)

[250 Pages Report] The global prophylactic HIV drugs market size reached a valuation of around US$ 30 Bn in 2021. Further, with rising prevalence of HIV infection worldwide and growing awareness about HIV AIDS prevention, the demand for prophylactic HIV drugs is projected to register 4%CAGR between 2022 and 2032, totaling over US$ 40 Bn in 2028

Over the years, human immunodeficiency virus (HIV) has become one of the leading causes of death worldwide affecting millions of people. The virus targets the immune system of infected patients and makes them vulnerable to many infections and cancers.

Although there is no permanent cure available for HIV infection, the condition can be managed through increasing access to effective prevention, diagnosis, treatment, and care. Rising focus towards preventing acquisition of HIV is one of the major factors pushing the demand for prophylactic HIV drugs.

Prophylactic HIV drugs are advanced therapeutics used to prevent getting HIV infection in certain circumstances. They have especially effective in preventing acquisition of HIV from sex and injection drug use.

Amid rising prevalence of HIV, people across the world are showing a keen inclination towards consuming pre-exposure prophylaxis (PrEP) due to its better effectiveness. According to the Centers for Disease Control and Prevention (CDC), PrEP reduces the risk of getting HIV from sex and injection drug use by around 99% and 74% respectively.

Similarly, prophylactic HIV drugs such as antiretroviral (ARV) are gaining wider popularity due to their ability to prevent and control HIV infection.

Growing awareness among people regarding HIV and the benefits of prophylactic HIV drugs will continue to boost the sales of prophylactic HIV drugs during the forecast period.

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Which are the Factors Stimulating Growth in Prophylactic HIV Drugs Market?

Rapid surge in HIV cases worldwide, continuous novel drug launches and approvals, and increasing need for preventing and controlling HIV are some of the major factors stimulating the growth of prophylactic HIV drugs market.

Prophylactic HIV drugs have become highly sought-after therapeutics for preventing the acquisition of HIV infection among people who are at a high risk. Consumption of these drugs significantly reduces the chances of HIV infection. They are mostly recommended during sex and injection drug use where there is a high chance of HIV transmission.

Growing popularity of prophylactic HIV drugs on account of their better effectiveness and cost-effective nature is providing a strong thrust to the growth of prophylactic HIV drugs market and the trend is likely to continue during the forecast period.

Similarly, increasing prevalence of HIV and its high mortality rate are pushing the demand for therapeutics like prophylactic HIV drugs. According to the World Health Organization (WHO), there were around 1.5 million newly infected cases of HIV and over 680000 deaths in 2020. This is prompting people to use prophylactic HIV drugs.

In addition to this, increasing government initiatives and investments in spreading awareness among people about HIV, its symptoms, precautions and treatment is expected to further expand the prophylactic HIV drugs market size during the forecast period.

What are the Challenges Faced by Prophylactic HIV Drugs Market?

Despite its optimistic stance, there are certain obstacles that are challenging the growth of prophylactic HIV drugs market. Some of these obstacles include side effects associated with prophylactic HIV drugs, strict government approval for these drugs, and low awareness levels about these therapeutics across low emerging economies.

It has been observed that prophylactic HIV drugs often lead to side effects such as headache, depression, nausea, vomiting, and abdominal pain, etc. As a result, many people refrain from consuming these therapeutics. This in turn is limiting the growth of prophylactic HIV drugs market.

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Will North America Retain its Monopoly in the Global Prophylactic HIV Drugs Market?

According to Future Market Insights, North America is likely to retain its dominant position in the global prophylactic HIV drugs market, accounting for the largest market share through 2032. Growth in North America Prophylactic HIV drugs market is underpinned by presence of high level of awareness among people, surge in HIV infection cases, availability of advanced healthcare facilities, and growing adoption of new therapeutics.

Demand for prophylactic HIV drugs is especially rising across countries like the U.S. and Mexico due to surge in HIV cases. In recent years, there has been a rapid surge in cases of HIV infection in the U.S. due to rising incidence of unprotected sex and use of unsterile injections. According to the Centers for Disease Control and Prevention (CDC), there were around 34800 new HIV infection cases reported in the U.S. during 2019. This rise in HIV infection cases is playing a key role in pushing the growth of prophylactic HIV drugs market.

How Will Prophylactic HIV Drugs Market Fare in Europe?

Amid rising prevalence of HIV infection and increasing adoption of novel therapeutics, Europe prophylactic HIV drugs market is likely to grow at a considerable pace during the forecast period.

Over the last few decades, there has been a sharp rise in cases of HIV European countries like the U.K., Germany, and France due to various reasons. As per the European Centre for Disease Prevention and Control, over 2.2 million people have been diagnosed and reported with HIV in the WHO European Region during the last three decades. This in turn is fostering the growth of prophylactic HIV drugs market in the region.

Furthermore, presence of leading manufacturers such as ViiV Health is positively impacting the growth of prophylactic HIV drugs market across Europe.

Market Competition

Some of the leading manufacturers of prophylactic HIV drugs include Gilead Sciences, Inc, Merck Sharp & Dohme Corp., Merck & Co. Inc., Mylan NV, Cipla Inc., Genentech Inc., Bristol-Myers Squibb Company, and Johnson & Johnson Health Care Systems Inc.

These key players are rigorously investing in research and development to advance in HIV therapeutics. They have adopted strategies such as new product launches and approvals, mergers, partnerships, acquisitions, launching awareness campaigns, etc. to expand their customer bases as well as to gain an upper hand in the global prophylactic HIV drugs market. For instance, in December 2021, the U.S. Food and Drug Administration approved first injectable treatment “Apretude” for HIV pre-exposure prevention.

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Report Scope

Growth Rate

CAGR of 4% from 2022 to 2032

Projected Market Valuation (2032)

US$ 40 Bn

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Billion and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Drug Class
  • Distribution Channel

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa
    Key Companies Profiled
  • Gilead Sciences, Inc
  • Merck Sharp & Dohme Corp.
  • Merck & Co. Inc.
  • Mylan NV
  • Cipla Inc.
  • Genentech Inc.
  • Bristol-Myers Squibb Company
  • Johnson & Johnson Health Care Systems Inc

Key Segments Profiled in the Prophylactic HIV Drugs Industry Survey

By Drug Class:

  • Nucleoside/Nucleotide Reverse Transcriptase Inhibitors (NRTI)
  • Integrase Inhibitor

By Distributional Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Drug Stores

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Industrial Water Cooling System Market Analysis 2022 | Present Scenario and Growth Prospects 2032

The market for industrial water cooling systems market analysis is anticipated to reach US$ 2,648 Million in 2022, growing at a CAGR of 4.7 percent over the forecast period of 2022-2032. The market is anticipated to reach US$ 1,673.1 Million in 2022. The need for water cooling systems in end user industries like the food and beverage and pharmaceutical industries is one factor driving the growth of the industrial water cooling system market. In the historical period from 2016 to 2021, the market for industrial water cooling systems experienced a CAGR of 3.8 percent.

Water is the foremost chemical compound used in almost all the industrial sectors, be it manufacturing, power generation or petrochemical sector. Water is utilized in these industries for the purpose of processing, fabricating, cooling, diluting, product transportation, cleaning and as a heat exchange medium.

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The utilization of water for various industrial processes makes it unclean and increases its temperature, which has to be cooled down to optimal working temperature so that it can be recycled and reutilized for various purposes. Industrial water cooling system comes into picture as far as water cooling in industries is concerned. Some of the methods adopted by such industries include but not limited to industrial scale chillers, large scale cooling towers and heat exchangers.

The increase in the rate of industrialization across the globe coupled with utilization of water for numerous industrial processes have led to an improved demand for industrial water cooling system in the current scenario and is likely to improve at a healthy rate in the upcoming years.

Industrial Water Cooling System Market: Dynamics

According to estimates published by the World Business Council for Sustainable Development (WBCSD), about 22% of the available water is used for industrial purposes with developed countries utilizing over 55% of water, while the lesser developed countries using around 7% only. In terms of water volume, it is estimated that 1,170 cubic kilometres of water will be used up for industrial purposes by the year 2025.

Industrial Water Cooling SystemMarket: Regional Outlook

The market of industrial water cooling system in the Asia Pacific region is expected to grow at a rapid rate due to high level of industrialization taking place in China, India and Japan. The markets in North America and Western Europe regions are expected grow at sluggish pace as compared to Asia Pacific region, owing to low demand for such cooling systems and maturity attained in terms of industrialization.

Growing petrochemical industry in the Latin America and Middle East regions is expected to contribute higher revenue returns, thereby improving the market in the said regions.

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Industrial Water Cooling System Market: Market Participants

Examples of some of the market participants identified in the Global Industrial Water Cooling System market include:

  • IWC (Pty) Ltd.
  • Cold Shot Chillers
  • Thermal Care, Inc.
  • Parker Hannifin Corporation
  • ThermoTek Inc.
  • G.I. Industrial Holding S.p.A.
  • Accudyne Industries
  • Heuch Pty. Ltd.
  • Rittal GmbH & Co. KG.
  • Freeze Co Systems, Ltd.
  • Hamon & Cie (International)
  • SPX Corporation
  • ENEXIO Management GmbH
  • Johnson Controls PLC
  • Berg Chilling Systems Inc.

Industrial Water Cooling System Market Segmentation

Industrial Water Cooling System Market can be segmented as follows;

By Product type, the Industrial Water Cooling System can be segmented as:

  • Dry Cooling
  • Natural Draft Cooling Towers
  • Mechanical Draft Cooling Towers
  • Wet Cooling
  • Condensers
  • Hybrid Cooling
  • Water Chillers
  • Heat Exchangers

By Applications, the Industrial Water Cooling System market can be segmented as:

  • Petrochemicals
  • Pharmaceuticals
  • Power Generation Plants
  • Metal Working
  • Food and Beverage
  • Automotive
  • Others (HVACR etc.)

The 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
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Suspended Ceiling System Market Research 2022 Development Status, Competition Analysis, Type and Application 2032

In 2032, it is anticipated that the market share for suspended ceiling systems market research will be $10.5 billion USD. Future demand for suspended ceiling systems is expected to be driven by the need to build affordable housing. According to FMI, the global market for suspended ceiling systems was valued at US$ 6.8 billion in 2022 and is anticipated to grow at a CAGR of 4.5 percent from 2022 to 2032.

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Suspended ceiling system can allow easy access for equipment servicing by the removal of tiles, or through access panels and can allow flexibility of layout of spaces below. However, it results in some loss of headroom (generally at least 100mm). Typically suspended ceiling system are hung from a bracket fixed to the underside of the floor slab supporting a series of interlocking metal sections that form a grid into which panels such as ceiling tiles can be fitted.

Along with the concealment of the underside of the floor slab, this void can provide a useful space for the distribution of heating, ventilation and air conditioning (HVAC) services and plumbing and wiring services, as well as providing a platform for the installation of smart speakers, light fittings, wireless antenna, CCTV camera, fire and smoke detectors, motion detectors, sprinklers, and others. The void can also be used as an air ‘plenum’, in which the void itself forms a pressurized ‘duct’ to supply air or extract it from the occupied space below.

Opportunities for Participants in the Suspended Ceiling System Market

Recovery of the commercial construction across major countries has propelled the new construction, as well as repair & maintenance and renovation activities. Moreover, adoption of interior solutions that exhibit better noise absorption features in offices, departmental stores, public utility areas, and educational institutions is considered to boost the consumption of suspended ceiling system in the next couple of years. This in turn is expected to enhance the use of eco-friendly and light-weight materials such as mineral wool, metal, and gypsum ceilings in the suspended ceiling system, so as to maintain and improve the indoor air quality and efficiencies of energy, water, and other resources. Technological advancement in manufacturing low VOC material based ceiling panels is likely to provide lucrative opportunities in the suspended ceiling system market.

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
  • East Asia (Japan, South Korea, and China)
  • South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
  • Oceania (Australia, and New Zealand)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

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Market Participants

Some of the market participants operating in the global Suspended Ceiling System market identified across the value chain include AWI, Knauf, SAS International, USG, Menards, Chicago Metallic Corporation, CertainTeed, Rockfon, Chicago Metallic, Saint-Gobain, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, Techno Ceiling Products, among the others. Key market players are pitching the unique properties of suspended ceiling system such as superior acoustic insulation properties, easy installation and dismounting etc. to win over new customers in the market.

By Segmentation:

On the basis of material, the global suspended ceiling system market has been segmented as:

  • Mineral wool
  • Metal
  • Gypsum

On the basis of type, the global suspended ceiling system market has been segmented as:

  • Ceiling
  • Grids

On the basis of application, the global suspended ceiling system market has been segmented as:

  • Commercial Construction
  • Residential Construction
  • Industrial Construction

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

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Drain Cleaning Equipment Market forecast 2022 | Scope of Current and Future Industry 2032

The global drain cleaning equipment market forecast is expected to accumulate US$ 234.6 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6% has been projected for the market, with an expected closing value worth US$ 418.9 Million. During the 2016-2021 historical period, the industry grew at a value CAGR worth 5.1%.

As there is numerous material which can cause blockage in drainage. Drain cleaning equipment is the major components in operation and maintenance of water, wastewater, and sewer utilities. It is a never ending and challenging task to keep drainage system, the piping system in the flow. However, it is most important but most overlooked elements of healthy facilities.

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The area of blockage may be hard to access and so difficult to remove the blockage. Drain cleaning equipment help to remove the blockage in these locations and clear the drainage system.

Market Participants

Some of the examples of the market participants in the global Drain Cleaning Equipment Market, identified across the value chain are:

  • Masco Corp
  • DURACABLE.
  • Gorlitz Sewer & Drain, Inc
  • General Wire Spring Co.
  • Electric Eel Manufacturing Co Inc
  • Spartan Tools LLC
  • Duracable Manufacturing CO
  • Rothenberger USA LLC
  • Goodway Technologies Corp.
  • GT Water Products Inc.

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 categories such as market segments, geographies, type of product and applications.

Furthermore, significant investments in the field of cleaning as well as operation and maintenance of drains, wastewater, and sewer in the countries such as India and China will bolster the Drain Cleaning Equipment Market. The growth in the Drain Cleaning Equipment Market in North America is chiefly due to the government support and funding in the field of development and implementation. Rest of the world market is estimated to account for a relatively small share of the Drain Cleaning Equipment Market.

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The 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
  • The 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.

Market Segmentation

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of product type as follows:

  • Hand Tools
  • Auger
  • Hand Spinners
  • Plunger
  • Sewer Tapes
  • Power Tools
  • Sink Machines
  • Drum Machines
  • Sectional Machines
  • Water Jetters
  • Rodder Machines

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of application as follows:

  • Municipal
  • Residential
  • Industrial

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of By sales channel as follows:

  • Distributor Sales
  • Retail Outlet
  • Online Sales

Drain Cleaning Equipment Market:Market Dynamics

Significant investments by State and Federal governments on the operation and maintenance of water, wastewater, and sewer utilities is one of the major factors in driving the drain cleaning equipment demand in the forecast period. A survey from American Society of Civil Engineers (ASCE) states that waste water treatment plants will increase considerably in the upcoming year. As these are the target markets, the drain cleaning equipment market is expected to grow significantly in the upcoming years.

The report covers exhaust analysis on:

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

The high price of power drain cleaning equipment limiting their usage on commercial applications. The traditional hand tools such as plungers and augers are commonly found to be used in household applications, the major reason being the low cost, which in turn results in high penetration of these products. Where the advance drain cleaning power tools such as drum machine, sectional machine, sink machines, and water jetters are capable of offering a wide range of operations and are easy to use, find limited adoption in the household due to its high price. However, providing drain cleaning equipment on rent is in trend these days.

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Antimicrobial Coated Medical Devices Market Size to Reach US$ 1,344 Mn in 2022 | New Opportunities Planning by Future Market

Antimicrobial Coated Medical Devices Market Outlook (2022-2032)

[333 Pages Report] Global antimicrobial coated medical devices market is anticipated to be valued at US$ 1,344 Million in 2022, forecast to grow at a CAGR of 13.1% to be valued at US$ 5,205.2 Million from 2022 to 2032.

Growth is attributed to the rising awareness about bacterial and microbial infections. From 2016 to 2021, the market experienced a CAGR of 13.1%. The antimicrobial coating is useful in healthcare-associated infections. The antimicrobial coating features a highly effective viable antimicrobial coating and modifications precisely dosed and delivered right from the surface of the medical device.

The increasing awareness about bacterial and microbial infections led to the increasing demand for antimicrobial-coated medical devices is expected to provide growth opportunities for the market.

North America is considered to be a highly lucrative market for the antimicrobial-coated medical devices market driven primarily by its utilization across the healthcare sector and rapid infrastructure development in healthcare.

The high cost of the coating process and stringent rules and regulations restrict the demand for antimicrobial coating and restrain the growth of the global antimicrobial-coated medical devices market over the forecast period.

Which are Some Prominent Drivers Spearheading Antimicrobial Coated Medical Devices Market Growth?

Technological advancement in the healthcare sector and the increasing burden of cardiovascular diseases are expected to accrue significant benefits to the global antimicrobial-coated medical devices market. Also, technological advancements in antimicrobial coatings and the growing implantable devices market are expected to propel the growth of the antimicrobial-coated medical devices market in forecasting years.

The increasing research and development activities and innovations in the antimicrobial coating process are also expected to bolster the growth of the global antimicrobial-coated medical devices market. The advanced medical infrastructure and facilities are also expected to propel the demand for antimicrobial-coated medical devices, driving the global antimicrobial-coated medical devices market over a forecast period.

What are the Challenges Faced by the Antimicrobial Coated Medical Devices Industry?

Although the antimicrobial-coated medical devices market has numerous uses, there are numerous obstacles that likely pose a challenge to market growth. High costs associated with a coating process and other components may hamper the growth of the global antimicrobial-coated medical devices market.

In addition, the stringent rules and regulations, and unfavorable reforms for the material and process used for antimicrobial coating for medical devices may hinder the growth of the antimicrobial-coated medical devices market in the forecasting period. The limitations related to metallic coatings such as silver coating and copper coating due to the antimicrobial resistance may restrain the growth of the global antimicrobial coated medical devices market over the forecast period.

Why is North America Emerging as an Opportunistic Antimicrobial Coated Medical Devices Market?

North America was the largest market for the angiographic-catheters market, and the trend is expected to continue into the forecast period owing to the increasing preference for advanced antimicrobial coated medical devices over conventional procedures for patient safety purposes.

Moreover, rising awareness about antimicrobial-coated medical devices and increasing government investment in medical technologies are the other factors fueling the growth of this market in the region.

The region is forecast to have a 36% market share of the antimicrobial-coated medical devices market. North America is expected to be the next dominant region witnessing high adoption rates for the antimicrobial-coated medical devices market during the forecast period.

How is Europe Contributing to the Growth of the Antimicrobial Coated Medical Devices Market?

According to Future Market Insights, Europe is expected to provide immense growth opportunities for the antimicrobial-coated medical devices market due to the expansion of the healthcare sector in the region. The antimicrobial-coated medical devices market is expected to witness sustained growth over the forecast period.

The growth of the antimicrobial-coated medical devices market is driven by the increasing demand for antimicrobial-coated medical devices in the region. Europe accounts for a total of 27% share in the antimicrobial-coated medical devices market.

How is the Start-Up Ecosystem in the Antimicrobial Coated Medical Devices Market?

While a number of innovations have significantly advanced healthcare, a legion of start-ups in the market for antimicrobial coated medical devices are evolving in the recent times.

Example:

TheraDep, a US-based firm, offers customised biologic coatings for medical and lab equipment. By combining cold atmospheric plasma with desired biomolecules or medications, the start-up’s patented BioDep technique enables them to cling and attach to any surface.

For improved wound healing and infection therapy, the start-up’s AerMedX deposition method enables the non-systemic administration of collagen and medications directly onto tissues or implants.

Last but not least, Labware offers lab instruments for diagnostic and research purposes that have coatings of peptides, amino acids, proteins, polysaccharides, and other sophisticated substances.

What is the Competitive Landscape in the Antimicrobial Coated Medical Devices Market?

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as AST products, Inc., Covalon Technologies Ltd., BASF SE account for considerable market size, several regional level players are also operating across key growth regions.

Recent developments:

  • Innovative antimicrobial coating technology, including BioCote Limited’s most recent advancements for plastic antimicrobial coating solutions, were on display. This increased the business’s yearly revenue.
  • The company Hydromer has announced that Avinger, Inc. has chosen them as a significant partner for coating and services. This action aids the business in accelerating its market expansion.

Key players:

  • AST Products, Inc.
  • Covalon Technologies Ltd.
  • BASF SE
  • Bio Interaction Ltd.
  • Royal DSM
  • Sciessent LLC
  • Specialty Coating Systems
  • Hydromer Inc.
  • Dow Chemical Company
  • Biocote
  • PPG Industies, Inc.

Report Scope

Growth Rate

CAGR of 13.1% from 2022 to 2032

Base Year for Estimation

2021

Market Value in 2022

US$ 1,344 Million

Market Value in 2032

US$ 5,205.2 Million

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Device Type
  • Coating Material
  • Region
  • Regions Covered
  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe
    Key Countries Profiled
  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel
    Key Companies Profiled
  • AST products Inc.
  • Covalon Technologies Ltd.
  • BASF SE
  • Bio Interaction Ltd.
  • Royal DSM
  • Sciessent LLC
  • Specialty Coating Systems Inc.
  • Hydromer Inc.
  • Dow Chemical Company
  • Biocote
  • PPG Industries, Inc.

Key Segments Profiled in the Antimicrobial Coated Medical Devices Industry Survey

By Device Type:

  • Antimicrobial Coated Catheters
  • Antimicrobial Coated Surgical Instruments
  • Antimicrobial Coated Implantable Devices
  • Other Antimicrobial Coated Devices

By Coating Material:

  • Metallic Antimicrobial Coated Medical Devices
    • Silver Coating
    • Copper Coating
    • Other Metal Coatings
  • Non-Metallic Antimicrobial Coated Medical Devices
    • Polymeric Coating
    • Organic Coating

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • Middle East and Africa
  • Europe

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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