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Pressotherapy Systems Market Set to Witness an Uptick Size from 2022 – 2032 | CAGR 4.1% – By FMI

Pressotherapy Systems Market Outlook (2022-2032)

The global pressotherapy systems market size was valued at US$ 174.0 Mn in 2021 and is further projected to expand at a CAGR of 4.1% during the forecast period (2022-2032). Growing usage of pressotherapy systems across medical spas and specialty clinics for performing lymphatic drainage massage and other functions is driving sales of pressotherapy systems in the market.

Lower limb lymphedema, which affects people with chronic venous insufficiency, is caused by problems with tissue fluid, lymphatic and venous blood circulation. As a result, the affected limb area appears noticeably different from the surrounding area, has reduced joint mobility, and frequently develops skin, blood vessels, and lymph node inflammation. In order to treat this medical condition, treatments like compression therapy are used.

Compression therapy is a technique that applies pressure to the limb from the outside, increasing lymphatic and vein outflow to stop fluid from building up in the extravascular region. Pneumatic massagers, multilayer limb bandages, and compression clothing with different levels of pressure are all components of compression therapy.

Numerous bibliographic references show that intermittent pneumatic compression (IPC), or pressotherapy, is a common physical technique in both sports and medicine. Thus, growing adoption of pressotherapy across healthcare industry will eventually boost the sales of pressotherapy systems during the forecast period.

According to a recent study by Future Market Insights, systems/pump segment by product will continue to lead the global pressotherapy market, accounting for the largest share of about 87.9% in 2021.

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2012-2021 Global Pressotherapy Systems Outlook Compared to 2022-2032 Forecast

The global demand for pressotherapy systems is slated to grow at 4.1% between 2022 and 2032. Total market value for pressotherapy systems was approximately 5.0% of the overall ~US$ 3.5 Bn of the global compression therapy market in 2021.

Hospitalization can result in a potentially fatal condition called venous thromboembolism (VTE). In order to minimize the risk of VTE, intermittent pneumatic compression (pressotherapy) or IPC is being increasingly performed.

Hospital-associated VTE has a considerable monetary expense. According to a 2017 UK survey by the All-Party Parliamentary Thrombosis Group Annual Review, the average cost of treating VTE in each local National Health Service (NHS) region was £938 357. In terms of individual patients, the review found that VTE patients spent $14 000 more on initial diagnosis and the first year of treatment than non-VTE patients.

A person’s psychosocial wellbeing can be significantly impacted by VTE, and research indicates that it may be a traumatic, life-changing event that might result in post-traumatic stress disorder.

Even though manual lymphatic drainage has been helpful in treating lymphedema, it cannot be used on the millions of individuals who suffer from the condition worldwide. The only alternative is to make mechanical devices for pneumatic compression affordable and widely available (IPC). Pressotherapy performed post-exercise (Po-E) has been shown to affect physiological attributes, training performance, and recuperation.

With the global ageing population, rising prevalence of chronic diseases such as diabetes-induced diabetic foot ulcers, growing adoption of pressotherapy for physical relief in sports industry, and increasing popularity of compression therapy products, the market for pressotherapy systems is expected to display a high growth rate over the forecast years.

What are the Key Opportunities for the Pressotherapy Systems Market Manufacturers?

“Introduction of Products with Advanced Features to Boost Sales in Pressotherapy Systems Market”

It has been noted that patient compliance is related to the product features and comfort during pressotherapy based relief regimen. The manufacturers in the global pressotherapy systems market display frequent product revisions to cater to the requirements of the users.

For instance, The Platinum GMT Presotherapy System, a device made specifically for pressotherapy treatments by Global Medical Technology, when used in combination with infrared heat and electrostimulation, can achieve great results in the reduction of localised fat.

Given that numerous treatments are bundled into one system, one of the primary features of this system is its ease of use. Muscular electrostimulation, body massage, weight loss, blood flow, and lymphatic drainage, are some of these that can be achieved without the machine operator constantly intervening.

With the addition of features, which apply towards ease of use and greater adoption by patients, sales of pressotherapy systems are expected to rise at a steady pace over the next 10 years.

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What are the Factors Limiting Growth in the Pressotherapy Systems Market?

The selection of an appropriate compression is the main challenge in maximising the conservative therapy of a resistive lymphedema. The fact that a pneumatic pressotherapy’s compression value has been observed to be excessive between the cuff and the skin has exacerbated the issue. Due to this, the therapeutic pressure has been reduced to a minimal extent, neglecting the compliance of the support against which the pressure is placed.

The compliance of the compressed element appears to be a first-order parameter in the interfacial pressure and therefore in an efficient decongestion procedure.

Moreover, discrepancies in the adherence to the pressotherapy systems, as reported through several meta-analyses, acts as a hindrance to the growth of the market.

Thus, inconsistencies in pressure distribution during compression through pressotherapy acts as an obstructing factor limiting the growth pressotherapy systems market.

Country-wise Insights

Will the U.S. Retain its Dominance in the Global Pressotherapy Systems Market?

“Rising Incidence of Peripheral Edema is Pushing Demand for Pressotherapy Systems in the U.S,”

The U.S. dominated the global pressotherapy systems market with a total market share of about 30.6% in 2021, and is expected to continue to experience the same growth throughout the forecast period. Rising prevalence of peripheral edema due to conditions like obesity and overweight, rapid expansion of healthcare industry, high level of health awareness among people, and growing popularity of treatments like pressotherapy are some of the key factors driving growth in the U.S. pressotherapy systems market.

Similarly, strong presence of leading pressotherapy system manufacturers who offer unique and customized product portfolios to cater to the growing demand for compression therapy is positively influencing the pressotherapy system sales in the country.

What Makes China a Highly Lucrative Market for Pressotherapy Systems?

“Easy Availability of Cost Effective Pressotherapy Systems Augmenting Growth in China Market”

China held approximately 5.5% share in the global pressotherapy systems market in 2021 and is expected to grow at a steady pace during the forecast period (2022-2032). Growth in China’s pressotherapy systems market is driven by rising healthcare spending, availability of pressotherapy systems at lower prices, surge in diseases like diabetes and obesity, and favourable government support.

Over the years, China has become the hub for cost-efficient medical device manufacturing, including pressotherapy machines and devices. With industrial manufacturing seeing significant expansion, this sector will exhibit a profitable growth trajectory over the anticipated years.

What is the Outlook for the U.K. Pressotherapy Systems Market?

“Growing Popularity of Compression Therapy Propelling Sales of Pressotherapy Systems in the U.K.”

The U.K. remains the third largest market for pressotherapy systems, accounting for a market share value of around 4.5% in the global pressotherapy systems market. Increasing incidence of varicose veins and chronic venous insufficiency, rising adoption of pressotherapy, and presence of a well-established healthcare sector ate some of the factors influencing sales of pressotherapy systems in the U.K.

The establishment of regulations in European nations for the prescription and usage of different types of compression clothing for lymphedema is positively impacting the pressotherapy systems market in the U.K. A new scientifically developed classification of compression hosiery that is in accordance with other European criteria has recently led to the inclusion of compression garments on the UK Drug Tariff.

Additionally, the EWMA is presently engaged in a project to assist in the best application of compression therapy (CT) for the treatment of leg ulcers throughout Europe.

Category-wise Insights

Which is the Top Selling Product in Pressotherapy Systems Market?

“Higher Effectiveness and User-Friendly Nature of Pressotherapy Systems/Pumps Ramping up Their Sales”

As per FMI, the system/pump segment held a market share value of about 87.9% in 2021 and is expected to grow at a CAGR of 4.3% during the forecast period (2022-2032). This can be attributed to the pumps’ effectiveness in lymphatic drainage, their lack of discomfort or associated adverse effects, and their need for little manual assistance.

Who is the Leading End User of Pressotherapy Systems?

“Sales of Pressotherapy to Remain High in Specialty Clinics”

Specialty clinics held the highest market share value of 64.0% of the global pressotherapy systems market in 2021. This can be attributed to the rising patient preference for opting treatments like lymphatic drainage at specialty clinics due to presence of competent staff and qualified doctors.

Furthermore, availability of advanced equipment and instruments for pressotherapy within these specialty clinics is expected to favour the segment growth in the upcoming years.

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Competitive Landscape

With several competitors in the pressotherapy systems production sphere, the overall market is moderately fragmented. To meet consumer demand and expand their customer base, leading companies are adopting strategies such as mergers and acquisitions, partnerships, collaborations, and new product launches.

Instances of key developmental strategies by the industry players in the pressotherapy systems market are given below:

In 2019, Mego Afek ltd. launched of the LymphaTrack™ application to easily track lymphedema symptoms with a user-friendly application interface.
In March 2019, the Baldan Group launched InfraBaldan 3.0, the latest non-invasive device along with a novel pressotherapy system.

Similarly, startups like Winback Go East (founded in 2017) and Guangzhou Beautylife Electronic Technology Co., Ltd. (2008) are continuously introducing new medical devices like pressotherapy systems to enable therapists to deliver enhanced and faster treatments to patients.

Report Scope as per Pressotherapy Systems Industry Analysis

Base Market Value (2021)

US$ 174.0 Mn

Projected Growth Rate (2022-2032)

4.1%

Forecast Period

2012-2021

Historical Data Available for

2022-2032

Market Analysis

US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Argentina, U.K., Germany, Italy, Russia, Spain, France, BENELUX, Nordic Countries, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC, North Africa, and South Africa

Key Market Segments Covered

Product, End User, and Region

Key Companies Profiled

Global Medical Technology
Zemits
ALVI PRAGUE COMPANY
IBP Uniuso (Inversiones Blanco París, S.L.)
NOVASONIX
Recovery Plus
Panestetic srl Ciserano (Bg)
EUREDUC
KMSLASER Beauty Equipment
Mego Afek ltd.
Baldan Group

Key Market Segments Covered in Pressotherapy Systems Industry Research

By Product:

System/Pump
Sleeves and other Accessories

By End User:

Medical Spas
Specialty Clinics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

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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Veterinary Glucometers Scanner Market Set to Witness an Uptick Size US$ 336.2 Mn 2022 – 2032: Future Market Insights, Inc.

Veterinary Glucometers Market Outlook (2022-2032)

The sales of veterinary glucometers market size is anticipated to grow at a CAGR of 5.1% through 2032. The global veterinary glucometers market size is currently valued at US$ 336.2 Mn in 2022 and is anticipated to cross the revenue value of US$ 579.4 Mn by 2032.

Emerging Trends in the veterinary glucometers market suggest the growing cases of animal diabetes along with glucometers efficiency, which is specially used for dogs and cats, is anticipated to boost the demand for veterinary glucometers through 2032. New portable devices by key players are establishing new standards and manufacturing trends for the market.

COVID-19 led to the shutdown of veterinary clinics, including government and public spaces. The sales of veterinary glucometers increased as pet parents started adopting pet care devices, including diabetic machines. The hand-handled diabetes monitoring machines are basically used in the field or at home as well. 1.5µl of blood sample is mostly taken for performing the tests while the results come out after the period of 8 seconds.

Expanding veterinary glucometer market size is attributed to its easy-to-use glucose test in practice in the field or at home. It is based on biosensors and auto-code technology. These veterinary glucometers have an additional bell or whistle and have the ability to upload readings in an electronic format after performing the test. These are some of the primary factors boosting the demand for veterinary glucometer.

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What are the Major Drivers and Restraints of the Veterinary Glucometers Market?

The global market of veterinary glucometers is expected to be driven by advancements in technology. The market is expected to grow by some factors such as clients expecting a higher level of care and nominally invasive procedures for their pets which propositionally boost the sales of veterinary glucometers.

Based on animal type, it is the major segment of the veterinary glucometer market which includes companion animals such as dogs and cats. The other segment of the veterinary glucometers market is based on end-users which includes veterinary hospitals, veterinary clinics, and home care settings.

Veterinary Glucometers Market is Boosted by Rising Pet Obesity Rates

Obesity is the main risk factor for developing diabetes. The main element influencing the adoption of veterinary glucometers is thought to be the rise in the number of obese dogs. Approximately 35% of pets, according to statistics from the American Veterinary Medical Association, are obese or overweight. Diabetes and liver disease are two conditions that can develop in overweight animals. If untreated, these disorders could be lethal. Therefore, during the projection period, key players are likely to witness a considerable increase in sales of veterinary glucometers due to the rising incidence of obese pet populations that are at a greater risk of getting diabetes.

Additionally, increased awareness of animal health presents a profitable opportunity for the manufacturers in the veterinary glucometers market. In addition, factors like an increase in the prevalence of diabetes in animals and a rise in the demand for livestock products also contribute to the veterinary glucometers market growth. However, the veterinary glucometers market growth is constrained by the absence of veterinary infrastructure facilities in poor countries.

Regional Analysis

What is the North America Growth Outlook for the Veterinary Glucometers Market?

North America is expected to lead the market with better healthcare facilities and growing advancing technology in the region. North American market holds a significant share in the veterinary glucometers market with 42% of the global market share. The rising demand for veterinary glucometers is mainly rising in the North American region due to the changing lifestyle of pets and animals, especially native lifestyle being the biggest problem.

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How is Europe Performing in the Veterinary Glucometers Market?

With a global market share of 33%, the European veterinary glucometers market grows at a steady CAGR for veterinary glucometers. The second largest market is held by Europe market followed by Asia pacific due to increasing awareness for veterinary diseases. The veterinary glucometers market in this region is anticipated to be one of the fastest growing markets due to a large number of animal populations and rising diseases amongst animals due to inactive lifestyles and poor management. Covid-19 has also fueled the sales of veterinary glucometers as they are more convenient for homes, especially when other animal clinics were closed.

How Start-ups are Influencing the Veterinary Glucometers Market?

Startups in veterinary glucometers market are conducting research and developments to make devices lightweight, portable, and almost often subcutaneous. These new companies are trying to make veterinary glucometers that are simpler to use with little invasion and little need for blood samples.

For example, an easy-to-use veterinary kit called the AlphaTRAK blood glucose monitoring device from Zoetis aids pet owners in managing their diabetic pet. Additionally, the businesses offer online application software that is compatible with these gadgets and may be utilised to access trustworthy critical data on smartphones or tablets. For instance, the PetDialog App by Zoetis is utilised in conjunction with the AlphaTRAK monitoring system. These elements are assisting the market’s segmented growth.

How Key Players are Contributing to the Veterinary Glucometers Market?

Key participants have added cutting-edge technology along with the latest animal healthcare technology like the faster results. COVID-19 has also pushed the brands to adopt the technology to make monitoring more convenient. As the market rises and thrives its growth prospects, the competition amongst the key players keeps on increasing, making the market more dynamic.

Recent mergers and product launches

Pro zinc (protamine zinc recombinant human insulin) was introduced by Boehringer Ingelheim International GmbH in August 2020 as a daily single-dose medication for dogs with diabetes.
In August 2019, Zoetis said that partner firms Merck Animal Health and Purina continue to support its Diabetes Pet Care Alliance initiative.
Nova Biomedical introduced Ketone/Glucose Meter known as Nova Vet under its Nova biomedical section that measures blood beta-hydroxybutyrate (BHB) that gives the results in just 10 seconds. These fuels the sales of veterinary glucometers.
TaiDoc Technology Corporation has added new modern vet glucose monitoring machines that have a reaction time of 5 seconds with a memory of 400 sets. These fuels the sales of veterinary glucometers.

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Key players

Nova Biomedical
TaiDoc Technology Corporation
BioNote Inc
Woodley Equipment Company Ltd
i-SENS. Inc.
MED TRUST
UltiMed, Inc.
Biotest Medical Corp

Report Scope
Growth Rate

CAGR of 5.1% from 2022 to 2032

Base Year for Estimation

2022

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

Type
Animal Group
Application
End User
Regions Covered
North America
Latin America
Western Europe
Eastern Europe
The Asia Pacific excluding Japan
Japan
The Middle East and Africa

Key Countries Profiled

The U.S
Canada
Brazil
Argentina
Germany
The U.K
France
Spain
Italy
Nordics
BENELUX
Australia & New Zealand
China
India
GCC
South Africa

Key Companies Profiled

Nova Biomedical
TaiDoc Technology Corporation
BioNote Inc
Woodley Equipment Company Ltd
i-SENS. Inc.
MED TRUST
UltiMed, Inc.
Biotest Medical Corp

Key segments

By Animal Type:

Dogs
Cats

By End User:

Veterinary Hospitals
Veterinary Clinics
Homecare Settings

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About FMI:

Refractory Cement Market Size, Share, Analysis Report, Forecasts Report to 2031

According to latest research conducted on refractory cement market, it is expected to register a CAGR of over 4-5% during the forecast period 2021 to 2031. The market is being driven by its applications in industries that require a high thermal & electrical insulation such as at furnaces, wood burning places, firebox chambers where it provide excellent thermal insulation & helps in preventing the gas leakage.

However, the market’s growth has been hampered in the short to medium term by unfavourable conditions caused by the COVID-19 pandemic outbreak.

What is Driving Demand for Refractory Cement?

Refractory cement is created from high-quality bauxite and lime, as well as other raw materials mixed in the right proportions. The clinker with aluminate as the major component is ground into a fine powder after sintering to produce a hydraulic cementing material that is fire resistant.

This cement hardens rapidly. Refractory cement may be a common lining material for kiln, which is widely employed in hot temperature industrial kiln of furnace, hot furnace, heating furnace, boiler and other industries.

Due to its excellent thermal insulation property it is used in blast furnaces, wood burning places, incinerators to maintain the temperature and prevent the leakage of gas. It helps in sealing the gas that results in the temperature maintenance. As it is used in these industries at large scale, the demand is anticipated to grow in near future.

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Demand & Role of Refractory Cement

To lessen the danger of mechanical failure, this cement includes binding elements with superior thermodynamic properties. Some fused minerals, such as alumina or aluminum oxide, are used to link materials and provide higher temperature resistance without compromising the material’s basic property & formability.

This setup makes it possible to make refractory cements with an exceptional combination of formability and thermal resistance. When exposed to temperature changes, solids, particularly thermally conductive metals, expand and shrink.

In the midst of continual thermodynamic stress, this cement used to attach structural metals together in refractory applications, or for the sealing of joints and gaskets, while effectively maintaining their structural integrity. Regular cement may expand successfully in conjunction with other rigid equipment, but it frequently fails during contraction due to clinker or binding material breakdown.

Hence due to its properties, this cement is used at fireplaces, furnaces where it provides excellent electrical & thermal insulation. In coming period demand is expected to increase as it is highly preferred material in high temperature industrial applications.

Asia Pacific Demand Market Outlook for Refractory Cement

Asia-Pacific is expected to dominate the refractory cement market owing to the strong production and consumption pattern in China. The Asia-Pacific region is predicted to grow with the high rate within the forecast period of 2021 to 2031, because of the large population which leads to significant demand for construction and automotive industry.

This cement is used to produce refractory materials which are required to be used in high temperature and insulation applications across furnaces and rotary kilns, and thus find high demand across fast developing economies such as India and ASEAN countries. This factor also creates large customer base within the region for the market.

Europe Demand Outlook for Refractory Cement

Europe is expected to play significant role in the driving the demand of the market. This cement bears excellent thermal & electrical insulation properties which are required in various industries such as production of steel, iron and other materials, where it maintains the temperature & provide insulation.

As the production & consumption of steel, iron will increases in Europe, it will help in propelling the consumption of refractory cement and is expected to drive the demand for this market. Germany, France and UK are some of the most important demand centres for this product in the European region.

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Who are the Key Manufacturers and Suppliers of Refractory Cement?

The Refractory Cement market is fragmented in nature, while there are top players accounting for a major share of the market as well as small players are also taking active participation in the growth of the market. Some of the key companies in the market include

Fosroc limited
3M
Pocono Fabricators
Oldcastle Precast
Sankosha U.S.A.
Rath Incorporated
Fresh Loaf
VITCAS
SECAR
Sheffield-pottery etc.

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.

Key Segments

By Type:

Dolomite Cement
Calcium Magnesium Aluminate Cement
Aluminate Cement
Low Calcium Aluminate Cement

By Purity:

Low Purity
Intermediate Purity
High Purity

By Application:

Building & Construction
- Flooring Products
- Tile Adhesive
- Mortar
- Aggregates
Refractory
- Furnaces
- Industrial Kiln
- Rotary Kiln
- Others
Wastewater & Sewage Pipes
Others

About FMI

Contact:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Veterinary Computed Tomography Scanner Market Size to Reach US$ 173.7 Mn in 2022 | New Opportunities Planning by Future Market

Veterinary Computed Tomography Scanner Market Outlook (2022-2032)

The veterinary computed tomography scanner market is currently valued at US$ 173.7 Mn in 2022 growing at a steady CAGR of 6.6% through 2032. The market is anticipated to cross the revenue value of US$ 351.4 Mn by 2032.

Emerging trends in veterinary computed tomography scanner market suggests that the growing demand for pet care and the growing critical diseases amongst the animals are the factors that propel the sales of veterinary computed tomography scanner. An animal CT scan involves a thin cross-section of the head that is known as a tomographic slice. This is examined through a straight ray beam that penetrates more than the radiology and ultrasound tests.

The veterinary computed tomography scanner market size is likely to witness significant growth owing to factors such as an increased number of CT scans, raising awareness about pet care along with the rising number of veterinary clinics. The demand for veterinary computed tomography scanner is anticipated to grow as vet practitioners prefer it for better diagnostics. The CT scanners that come with different ray intensity modules are also gaining the traction of the market.

However, the high cost of veterinary CT scanner has hindered the growth of veterinary computed tomography scanner market. COVID-19 and its implications have slowed the market performance that can be seen in the last forecasted CAGR% of 2017-2021. Each CT slice is formatted from multiple x-ray exposures captured as the scan completes a 360-degree rotation. It is important for doctors to know the veterinary CT interpretation, and indications for CT imaging so this modality can be incorporated into a case when financially feasible. As a result, this factor is likely to fuel the sales of veterinary computed tomography scanners.

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What are the Major Drivers of the Veterinary Computed Tomography Scanner Market?

The veterinary computed tomography scanner market is expected to mark a significant growth in the coming few years due to increasing awareness about injuries to small companion animals and large animal populations. In addition to this, the growing demand for pet insurance with growing animal health expenditure, and rising number of veterinary practitioners who require veterinary CT scanners to understand the anatomy of the animals tend to propel the demand for veterinary computed tomography scanner.

The global market for veterinary computed tomography scanner market is expected to witness high growth over the forecast period due to increasing incidences of respiratory, neurological diseases in animals. Innovations, advancements in veterinary CT scanners, and robust recommendations about the significance of veterinary CT scanners, by healthcare bodies, are the other factors that are propelling the sales of veterinary computed tomography scanners.

Furthermore, high growth opportunities for companies who are engaged in the development and marketing of veterinary CT scanner due to large patient pool. Rising inclination towards adoption and petting of animals are also an indirect growth factor for this market. Non-Government Organizations (NGOs) such as PETA also emphasize veterinary hospitals adopting advanced veterinary CT scanners.

What are the Challenges in the Veterinary Computed Tomography Scanner Market?

The major factor limiting the growth is the high cost of veterinary computed tomography scanners, which are all deemed to be in high-cost management. For examining the high-cost management of the restraints, it appears that the majority of veterinary offices are modest in size and operate under stringent financial restrictions. In addition, the delay in paying for the operations has gotten worse. This frequently acts as a barrier to the adoption of veterinary computed tomography scanners by qualified practitioners.

Regional Analysis

What is the North America Growth Outlook for the Veterinary Computed Scanner Market?

North America dominates the global veterinary computed tomography scanner market due to the rise in healthcare expenditure, and increasing demand for veterinary computed tomography scanners by the end users. The North America market holds a significant share of 34.7% in the veterinary computed tomography scanner market. The region-specific demand is rising as more and more people in countries like US and Canada adopt pets and treat them with care.

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How is Europe Performing in the Veterinary Computed Tomography Scanner Market?

With a share of 30.1%, the European veterinary computed tomography scanner market is growing at a steady CAGR. The Europe veterinary computed tomography scanner market share is expected to be one of the fastest growing markets due to a large number of animal populations and the increasing number of NGOs who work for animal welfare. Home pet care units in areas that also deal with the diagnosis procedures of diseases for these animals also propel the sales of veterinary computed tomography scanner in the region.

How Start-ups are Influencing the Veterinary Computed Tomography Scanner Market?

Startups in the veterinary computed tomography scanner market are actively putting their efforts to integrate multiple services at a single place. The integrated pet care programs include the improvement of veterinary practices along with the availability of a one-stop shop for everything, from pet care to emergency medical services like diagnosis procedures and operations. These procedures include veterinary computed tomography scanning and Animal CT scans.

However, the high manufacturing cost is making it hard for startup owners to invest capital into the business. The increasing sales of veterinary computed tomography scanners aid the overall animal healthcare industry with new developments.

For example, Nestlé purchased a minority position in Independent Vetcare Group, a European veterinary services business, in April 2019. (IVC). Purina Pet Services, a branch of Nestlé Purina, has also worked with IVC to exchange knowledge and expertise in pet health, nutrition, and scientific innovation, as well as to provide IVC with access to Nestlé Purina goods to assist its veterinarian care.

How Key Players are Contributing to the Veterinary Computed Tomography Scanner Market?

Key participants have added cutting-edge technology along with the latest medical technology like highly efficient devices delivering optimum diagnostics capability in veterinary computed tomography scanners. As the market rises and skyrockets its growth prospects, the competition amongst the key players keeps on increasing, making the market more dynamic.

Recent Developments in the Veterinary Computed Tomography Scanner Market

Siemens AG has introduced the computed tomography that helps in clinical research along with new diagnostics application that comes under its CT technologies & Innovations platform, fueling the sales of veterinary computed tomography scanners.
Epica Medical Innovations has launched its new Vimago GT30, HDVI, that comes with improved diagnostic capability and efficiency. This multi-modality masterpiece includes onboard fluoroscopy and digital radiology. It increases competition by experimenting with the latest healthcare technology.
Hitachi Healthcare America announced an expansion of its cooperation with scil animal care, a division of Henry Schein Animal Health, in August 2018. The deal widens the scil region to include statewide coverage and distribution of Hitachi’s unique ultrasound solutions aimed at the veterinary sector, which has been in place since 2011.
Woorien introduced MyVet CT i3D, the first veterinary-specific spiral Linear CTV Scanner, in March 2020.

Key players

GE Healthcare
Toshiba Medical Systems Corporation
Siemens AG
Koninklijke Philips N.V
Epica Medical Innovations
Samsung Electronics Co. Ltd. (Neurologica Corporation)
Hitachi, Ltd.
Animage, LLC
QR S.R.L.
Gin ApS

Report Scope

Growth Rate

CAGR of 6.6% from 2022 to 2032

Base Year for Estimation

2022

Historical Data

2017-2021

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

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Segments Covered

Type
Animal Group
Application
End User
Regions Covered
North America
Latin America
Western Europe
Eastern Europe
The Asia Pacific excluding Japan
Japan
The Middle East and Africa
Key Countries Profiled
The U.S
Canada
Brazil
Argentina
Germany
The U.K
France
Spain
Italy
Nordics
BENELUX
Australia & New Zealand
China
India
GCC
South Africa
Key Companies Profiled
GE Healthcare
Toshiba Medical Systems Corporation
Siemens AG
Koninklijke Philips N.V
Epica Medical Innovations
Samsung Electronics Co. Ltd. (Neurologica Corporation)
Hitachi, Ltd.
Animage, LLC
QR S.R.L.
Gin ApS

Key segments

By Type:

Portable CT Scanners
Stationary Multi-Slice CT Scanners
Mid-End CT Scanners
High-End CT Scanners
Low-End CT Scanners

By Animal Group:

Large Animals (Horses, Cattles)
Small Animals (Cats, Dogs, Etc.)
Others

By Application:

Neurology
Oncology
Orthopedics and Traumatology
Other Applications

By End User:

Veterinary Hospitals and Clinics
Academic Institutes and Teaching Hospitals

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Optically Clear Resin Market Insights, Size & Growth Forecast Report to 2031

According to the latest research, the demand for Optically Clear Resin (OCR) is anticipated to grow with a compelling growth rate of about 5.5% to 7.5% in between the coming assessment period of 2021-2031.

The automotive application sector is expected to grow at the fastest rate in the optically clear resin market during the forecast period, owing to the rising use of displays in driver assistance. It is a liquid-based bonding method used to adhere display components in display technology and touch screens.

They are optically clear film adhesives with outstanding adherence to a variety of transparent substrates. They are utilised to increase the electrical and mechanical performance of screens as well as their contrast and brightness.

Furthermore, because of their exceptional optical and mechanical properties, they boost the endurance of advanced displays. As a result, they are used in consumer electronics, mobile phones, LCD panels, and other places.

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What is Driving Demand for Optically Clear Resin?

The Major factors driving the market are the growing demand from consumer electronics and automotive & transportation industry. Due to increasing demand of personal electronic gadgets around the world, the global optical resin market is experiencing significant growth. The rapid usage of smartphones and LCD televisions is a key component propelling the optically clear resin market forward.

Over the projected period, the aerospace segment is expected to increase at a significantly consistent rate. The use of (OCR) in display screens in aircraft cockpits aids in improved screen display performance and clarity. These resins also effectively bridge any gaps between the lcd/led and the cover glass, as well as giving anti-reflective and anti-glare properties to the cover glass.

Electronic and Automotive Industry Boost the Market of Optically Clear Resin

The electronics sector is the primary end-user of optically clear resins. Touch screen and display applications are the most common places where OCR is used. When mobile devices, televisions, phones, and laptops switch to touch screens, applications are likely to improve. The mobile phone segment dominated the global optically clear resin market in terms of application.

Another segment that drives the market growth significantly is the automotive industry. The development of more innovative digital products and the expansion in the size of display panels and screens used in display panels has resulted from increasing developments in electronic components used in automotive applications.

Some of the key factors driving market revenue growth are a steady increase in clusters of equipment that operate on display screen technologies, such as digital display mirrors and control displays for heating, ventilation, and air conditioning, as well as a growing focus among automotive manufacturers to deliver a more enhanced in-cabin digital experience for customers.

APAC Market Outlook

Due to expanding demand for electronics items, smartphones, and growing sales of electric vehicles in countries like as South Korea, India, China, and Japan, the OCR market in Asia-Pacific is predicted to develop at the fastest rate throughout the forecast period.

The region being the global hub of production for electronic devices as well as automotive industry, demand is expected to be significant in Asia Pacific and estimated to account for largest share in the overall market. Furthermore, the presence of major market players in the region, such as Daxin Materials, contributes to consistent market revenue growth.

North America Demand Outlook

Due to the rapid growth in electronic industry and increasing demand of automotive industry drives the market of optically clear resin in North America. Unites States is the largest manufacture of high performance electric vehicles in North America.

The regions holds a significant share in market due to the presence of significant manufacturing facilities for the global automotive sector, as well as increasing production of niche electronic products.

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Who are the Key Manufacturers and Suppliers of Optically Clear Resin?

Some of the leading manufacturers and suppliers of optically clear resin include

DuPont
Taica
Henkel
LINTECH
Delo Industrial Adhesives LLC.
3M Company
Electrolube
Daxin Materials
Nitto Denko corporation and many others.

Significant growth of Optically Clear Resin market in automotive sector and electronics industry areas in countries such as China and India drive the market in the Asian-pacific region. Key strategies implemented by players in the market include technology releases, acquisitions, and R&D efforts.

The Optically Clear Resin 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.

Key Segments

By Product Type:

Acrylic
Polyvinyl Acetate (PVA)
Polyurethane (PU)
Silicone
Epoxy

By End Use:

Consumer Electronics
- Smartphones
- Television
- HMI Display Panels
- Tablet Devices
- Laptop & Computer Devices
- Wearable Devices
- Others
Automotive
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles

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Inorganic Flame Retardants Market Size, Share, Trends, Analysis Report to 2031

As per a latest research conducted, the worldwide inorganic flame retardant market is projected to expand at a CAGR of 3% to 4% during the forecast period 2021-2031. The market is being propelled by rising demand for fire retardant materials from a variety of end-use sectors, including construction, textiles, electrical and electronics, and transportation.

Consumers’ growing knowledge of the fire protection materials, the effectiveness of flame retardants, and their key benefits are likely to boost demand for fire-resistant materials. Furthermore, global fire safety standards and regulations are likely to have a beneficial influence on product demand.

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What is Driving Demand for Inorganic Flame Retardants?

Flame retardants are a class of chemicals that slow the spread of flames and enhance escape time by delaying them. The rising number of fire related incidents has increased the need for materials having flame-retardant characteristics.

The advancement of fire safety standards, particularly for metallic element composite panel cladding used in buildings, has increased product demand in the construction industry.

The building and construction sector has evolved as one of the product’s most significant end-users. Growing population, fast urbanization, and much more stringent government regulations in developing nations have all aided the expansion of the construction business.

Fire Safety to Remain a Key Segment, while Technical Textile to Augment the Consumption of Inorganic Flame Retardants

Fire safety standards are becoming more rigorous across the world, prompting the development of novel flame retardant products. The strict regulatory frameworks and industrial requirements have a significant impact on the development of the inorganic retardants.

Consumer knowledge of critical escape time during fire events, the effectiveness of flame retardants, and their advantages are likely to boost demand for these type of fire-resisting material.

The market is being driven by rising demand for fire retardant materials from a variety of end-use sectors, including construction, textiles, electrical and electronics, and transportation.

Furthermore, global fire safety regulations and legislation are likely to have a beneficial influence on product demand. Increasing use of such materials in protective clothing required for harsh industrial environments is a key factor augmenting market demand of inorganic flame retardants.

US and Europe Inorganic Flame Retardants Market Outlook

Fire safety rules vary based on the associated national legislation for health and environmental security, and are particularly stringent in the regions of Europe and North America.

End-users must include fire retardant chemicals into their products due to fire safety laws as part of local as well as federal building codes. Such factors are projected to drive the flame retardants market during the upcoming decade.

According to Flame Retardants Europe (FRE), technical advances in Europe along with the growing application spectrum of flame retardants, have pushed important manufacturers to assure fire safety. Several technical fire safety standards have been created by various governments around Europe.

The General Product Safety Directive (GPSD) assigns specified characteristics to items placed on the consumer market. Individual states, however, are responsible for enforcing fire safety rules. The United Kingdom has one of the world’s most developed fire safety regulations. All such factors are anticipated to enable market growth in these Europe and North America during the forecast period.

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Asia Pacific Demand Outlook for Inorganic Flame Retardants

Asia Pacific had a prominent revenue share in global Inorganic Flame Retardants market and is anticipated to grow at the quickest pace during the projection period. Due to considerable rise in building & construction sector in developing nations of the region, the market is anticipated to generate a significant portion of revenue from countries in the region such as China, India and ASEAN nations throughout the projection period.

The expansion of transportation networks and industrial operations in Asia Pacific, combined with other factors such as low raw material costs, increasing urbanization, increasingly tightening regulations etc. are fueling market growth in this region.

Who are the Key Manufacturers and Suppliers of Inorganic Flame Retardants?

Some of the leading manufacturers and suppliers of Inorganic Flame Retardants include

LANXESS A.G.|
Clariant International Ltd
Albemarle Corporation; ICL
Nabaltec A.G
Chemtura
DOW Chemical Company
Glencore Xtrata
BHP Billiton
Rio Tinto
Anglo American
and Vale and many others.

Manufacturers are focusing on provision of targeted products for specific end use cases, in accordance with domestic and international regulations. Increasing market reach is a key area of focus for the manufacturers, as they look to diversify their regional revenue sources and expand geographic footprint.

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Key Segments

By Market Type:

Halogenated
Non-halogenated

By Application:

Styrenics
UPE
PVC
Rubber
Polyolefins
Epoxy resins
ETP
Others

By End Use:

Construction
Transportation
Electrical & Electronics
Wires & Cables
Textiles
Others

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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Portable Anesthesia Systems Market Worth US$ 462.8 Million in 2022 | CAGR 6% – By FMI

Portable anesthesia Systems Market Outlook (2022-2032)

[302 Pages Report] The global portable anesthesia systems market is expected to accumulate US$ 462.8 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$ 880.8 Million. During the 2016-2021 historical period, the industry grew at a value CAGR worth 4.8%.

The introduction of computer-assisted technology systems has profoundly impacted digital surgical methods. Computer-assisted anesthesia systems are one such method. Computer-assisted anesthesia systems now include dynamic pressure sensing technology, as well as customized flow rates for each injection type.

During an injection, the digital platform governs the flow rate and pressure of local anesthesia. It is much more comfortable than a syringe, reduces anxiety, and can eliminate contractual numbness. With the emergence of computer-assisted anesthesia systems, surgeons can plan the surgical procedure ahead of time and perform a more accurate procedure.

The technology can adapt methodologies to each patient’s unique anatomy. During surgery, the physician must accomplish the required task, but computer-assisted anesthesia systems navigate the surgeon’s tools according to a pre specified method to safely and effectively place the injection in the precise pre-planned locations.

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What are the Factors Propelling the Global Portable Anesthesia Systems Market?

The key driving factors for the computer-assisted anesthesia systems market are hospital cost reduction through reduced length of stay in hospitals and population aging. Top manufacturers offer new computer-assisted anesthesia systems that redefine the global standard of care for injection techniques by making life more convenient for the patient and reducing anxiety and stress for the healthcare provider.

Using computer-controlled pressure-sensing capabilities, computer-assisted anesthesia systems have been shown to be effective in prescribing medicine in the intra-articular space. This eradicates the need to use a manual syringe to locate the intra-articular space and minimizes the margin for error when injecting the exact quantity of medication. Surging hospital admissions and the prospects of digital surgical platforms to strengthen the efficacy of existing surgical procedures are also growth drivers for the computer-assisted anesthesia systems market.

Significant cost savings in pre-and post-operative care, along with faster recovery, are also propelling the development of the computer-assisted anesthesia systems market. The principal uses of computer-assisted anesthesia systems system include dynamic pressure sensing technology, controlled needle exit pressure, precise flow rate, drug volumes, and others. The ability of these methods to integrate with digital platforms is expected to account for its dominant share.

What are the Factors Hampering the Global Portable Anesthesia Systems Market?

The market has faced a number of challenges as companies reallocate their resources to operate within the constraints imposed by the pandemic. In addition, the high cost of the products has stifled market growth in recent years.

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Why is the Asia Pacific Emerging as an Opportunistic Portable Anesthesia Systems Market?

The Asia-Pacific region, excluding Japan, Japan, and the Middle East and Africa, is expected to be the fastest-growing market for computer-assisted anesthesia systems, an account of increasing awareness among physicians and patients about the treatment of spinal disorders with high accuracy and safety, along with widespread adoption of robots for surgical procedures by medical institutions.

Market research specialist According to Future Market Insights, the Asia Pacific market for portable anesthesia systems is anticipated to boost growth during the forecast period.

Why is the Demand for Portable Anesthesia Systems Burgeoning in North America?

North America is estimated to be the leading market for computer-assisted anesthesia systems, due to the elevated surgical procedure standards and innovation by key market players. The use of Portable Anesthesia Systems has grown rapidly. Portable Anesthesia Systems are a highly preferred agent in some developed regions/countries, such as the United States, due to their rapid onset and offset activity. It also allows for faster recovery and efficient handling all through intra-procedural titration.

Some of the factors driving this market in North America include an increase in the demand for surgeries and a substantial increase in the geriatric population. According to a WHO report, the population of the United States will have increased by 17% by 2020.

The market in North America is poised to increase significantly in the coming years, owing to well-developed healthcare systems, an appropriate reimbursement scenario, and the implementation of new and advanced techniques. In 2022, the North American region acquires nearly 33% share in the Portable Anesthesia Systems market and is projected to maintain the governing growth throughout the forecast period, states Future Market Insights.

Who are the Key Players in the Global Portable Anesthesia Systems Market?

Some key players in the Portable anesthesia Systems market are WandDental, Inc., Milestone Scientific, Inc., Evident, etc. The key development in the portable anesthesia systems market is as follows:

In May 2021, Ronvig Dental launched its latest computer-assisted local anesthesia, CALAJECTTM, which was named “2022 Top Award Winner – Anesthetic Device” by Dental Advisor. The flow rate is controlled by the system, ensuring a smooth and gentle flow of anesthesia. Even palatal injections can be performed with less pain for the patient.

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Report Scope

Growth Rate

CAGR of 6% from 2022 to 2032

Market Value in 2022

US$ 462.8 Million

Market Value in 2032

US$ 880.8 Million

Base Year for Estimation

2021

Historical Period

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

Application

Surgery Type

End User

Region

Regions Covered

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Key Countries Profiled

U.S

Canada

Brazil

Mexico

Germany

U.K

France

Spain

Italy

China

Japan

South Korea

GCC

South Africa

Israel

Key Companies Profiled

WandDental

Milestone Scientific

Evident Inc.

Key Segments Covered in the Portable Anesthesia Systems Industry Survey

Portable Anesthesia Systems Market by Application:

Portable Anesthesia Systems for Medical Specialties
Portable Anesthesia Systems for Anesthesiology
Portable Anesthesia Systems for Orthopedic Surgery
Portable Anesthesia Systems for Pain Medicine
Portable Anesthesia Systems for Physical Medicine/Rehabilitation
Portable Anesthesia Systems for Primary Care/Urgent Care
Portable Anesthesia Systems for Rheumatology
Portable Anesthesia Systems for Sports Medicine
Portable Anesthesia Systems for Dental Specialties
Portable Anesthesia Systems for Other Applications

Portable Anesthesia Systems Market by Surgery Type:

Portable Anesthesia Systems for Open Surgery
Portable Anesthesia Systems for Minimally Invasive Surgeries

Portable Anesthesia Systems Market by End Users:

Portable Anesthesia Systems for Hospitals
Portable Anesthesia Systems for Clinics
Portable Anesthesia Systems for Ambulatory Surgical Centers
Portable Anesthesia Systems for Other End Users

Portable Anesthesia Systems Market by Region:

North America Portable Anesthesia Systems Market
Latin America Portable Anesthesia Systems Market
Europe Portable Anesthesia Systems Market
Asia Pacific Portable Anesthesia Systems Market
Middle East & Africa Portable Anesthesia Systems Market

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Monomethyl Acetoacetamide Market Insights, Size, Share and Analysis Report to 2031

According to the latest research conducted on the Monomethyl Acetoacetamide market, the demand is estimated to exceed a 3-4% CAGR between 2021 and 2031. It is mostly used as an intermediate in the manufacturing of pesticides, and also as a colouring agent, and holds a major role in these industries, which helps in the growth of the market for this substance.

Due to the current ongoing pandemic, all industries are seeing some downfalls in production as well as in demand, but in coming years the market will bounce back to its original form.

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What is Driving Demand for Monomethyl Acetoacetamide?

Monomethyl Acetoacetamide is also known as Acetoacetic acid monomethylamide or Acetoacetic monomethylamide. It is written as C5H9NO2. It is pale yellow in colour. This chemical is widely used as an intermediate in the agrochemical industry, especially in the manufacturing of pesticides such as Azodrin and Bidrin.

It is also used as a colouring agent, which includes the colouring of dyes, textiles, and personal care products such as cosmetics, tattoo inks, hair dyes, etc. Apart from this, it is also used as a food colourant & flavoring agent and in printing inks.

This chemical also plays a crucial part in pharmaceuticals industry. The chemical is heavily utilised in agrochemicals, textiles, and the colouring industry, which drives the market growth for the same. The personal care segment including cosmetics also plays a major role in the market growth as there are ample personal care products and manufacturers are out there in the market and people are inclined towards buying personal care items. So, the demand for the product will reach a new height in the near future.

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Demand & Role of Monomethyl Acetoacetamide:

Monomethyl Acetoacetamide is a colourless to slightly yellowish, clear liquid. Major demand for this substance arises from the agriculture industry, where it plays an important role in the production of insecticides and pesticides, where it is used as an intermediate agent when used in the particular water-agent proportion.

The rising demand for pesticides and their use in agriculture play a significant role in the product’s demand. To mitigate the pests and protect the crops from any harmful effects of the insects and pests, pesticides are used, and so the demand for the chemicals increases.

Apart from this, the textile industry is the 2nd industry that is responsible for the growing demand in the market. Being used as a colouring agent in textiles, dyes & pigments, food colorants, flavoring agents, and body care products, cosmetics market growth can be seen in upcoming years. It is also used as a co-promotor in the process of curing unsaturated polyesters in the colourant industry and alkyd coatings.

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Asia Pacific Demand Market Outlook for Monomethyl Acetoacetamide:

The Asia region will see a bit of high growth in the market. Asia consists of growing and developing economies where new industries and current industries are blooming to capture the existing market and create new opportunities at the same time.

China will dominate the market in terms of production and usage, whereas India, where the agriculture industry dominates the market, will propel the demand and growth of Acetoacetamide. Rising demand and application of Acetoacetamide will work as a catalyst in the growth of the market.

Europe Demand Outlook for Monomethyl Acetoacetamide:

In the European market, the market will grow due to certain segments such as personal beauty and care products, the food flavor & colouring industry, and dyes and pigments. Many developed economies belong to this region, which indicates the awareness among people and advanced techniques which are being used in many segments. Textile and colouring industries will majorly drive the market in this region.

Who are the Key Manufacturers and Suppliers of Monomethyl Acetoacetamide?

Based on the region and applications, some market players in this market that hold a major share includes

Career in Han chemicals
CONIER Chem & Pharma Ltd.
Hubei Jusheng Technology Co. Ltd.
Xiamen AmoyChem Co., Ltd.
Ria International
SP Chemical Industries
Laxmi Organic Industries and many others.

Key players are focusing on increasing their market presence by their increasing production capacities, by acquisitions of small and medium size manufacturers, also by collaborating with other market participants. Certain key manufacturers are also investing a fair share of their annual turnover in research and development to decrease hazardous substances production and to tackle the stringent regulations of various authorities for sustainable growth.

Key Segments

By Type:

Purity > 70%
Purity < 70%

By Application:

Dyes & Pigments
Agriculture (Pesticides)
Food colorant
Textile Processing
Others

By Region:

North America
- U.S.
- Canada
Latin America
- Mexico
- Brazil
- Rest of Latin America
Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Russia
- Rest of Europe
South Asia
- India
- ASEAN
- Australia & New Zealand
East Asia
- China
- Japan
- South Korea
Middle East and Africa
- GCC Countries
- Turkey
- S. Africa
- Northern Africa
- Rest of MEA

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Cholesterol Monitors Market Worth USD 2,514.6 million in 2022 | CAGR 7.4% – By FMI

Cholesterol Monitors Market (2022-2032)

In 2022, it is anticipated that the cholesterol monitors market is valued US$ 2,514.6 million. The cholesterol monitors market is expected to expand at a 7.4% CAGR from 2022 to 2032 and is likely generate US$ 4,502.4 million.

Rising rates of obesity and an aging population in developed nations like the U.S., Germany, and France have increased the cases of patients with high levels of bad cholesterol, necessitating a daily rise in the need for cholesterol monitoring kits worldwide.
The global market for cholesterol monitors is likely to expand due to the rising popularity of non-invasive technologies for cholesterol monitoring.

Statistical Estimation in the Global Cholesterol Monitors Market

A significant factor driving the increase in demand for cholesterol monitor kits is the aging population. The population division of the Department of Economic and Social Affairs projects that by 2050, there is likely to be 21.1% more people in the world who are 60 years of age or older than there were in 1990 (9.2% to 11.7%).
According to data from the United Health Foundation from 2017, 12.5% of adults 60 and older had elevated total cholesterol. Such a high prevalence is anticipated to fuel cholesterol monitors market expansion in the near future.
Since high cholesterol has no symptoms, comprehensive cholesterol testing is required. These tests evaluate the levels of triglycerides, high-density lipoprotein (HDL), low-density lipoprotein (LDL), and total cholesterol in the blood. Measurements of blood cholesterol help to reduce the risk of peripheral artery disease, heart attack, and stroke.
Cholesterol levels should be tested if a person has been diagnosed with a stroke, PAD, coronary heart disease, family history of early CVD, overweight, diabetes, cholesterol-related condition, or high blood pressure. As per the Centers for Disease Control and Prevention, 1 in 6 adults (16.3%) of the population has high cholesterol (which is defined as 240 mg/dL or higher).

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What are the Factors Propelling the Global Cholesterol Monitors Market?

The increasing prevalence of cardiovascular disorders, coupled with a growing emphasis on early diagnosis and miniaturization of cholesterol monitors, is expected to drive the growth of the global cholesterol monitor market. The preference for self-monitoring to enhance quality of life and lead a healthy lifestyle is another factor driving the expansion of the global market for cholesterol monitors.

Additionally, the market is likely to expand due to the increased focus on reducing the burden of cardiovascular diseases (CVDs) around the world, as well as initiatives for preventive healthcare practices like screening and health check-up programs.

The development of the global cholesterol monitor market is also aided by governmental changes that provide state-of-the-art healthcare facilities and awareness campaigns that are likely to raise the standard of testing.

What are the Factors Hampering the Global Cholesterol Monitors Market?

The dearth of awareness regarding health benefits linked with lipid testing for food and beverages in emerging economies such as Bangladesh, Africa, and Afghanistan is likely to restrict the market growth throughout the forecast period.

Additionally, major factors preventing the market growth of cholesterol monitors are the lack of healthcare resources, an under trained workforce, strict safety regulations, and a lack of food safety infrastructure in the northern regions of Asia Pacific and the north and middle of Africa.

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Why is North America Emerging as an Opportunistic Cholesterol Monitors Market?

North America dominates the global cholesterol monitors market, accounting for nearly 35% in 2022. This market growth is primarily due to the rise in the incidence of CVDs, coupled with the rapidly aging population, high preference for self-monitoring devices, and increased awareness related to prevention and early diagnosis of the diseases in the region.

According to the Centers for Disease Control and Prevention, nearly 1 in 2 Americans have high cholesterol i.e., nearly 38% of American adults have high cholesterol (total blood cholesterol ≥ 200 mg/dL).1 Too much cholesterol puts you at risk for heart disease and stroke, two leading causes of death in the United States.

Owing to the increased risk of high cholesterol and its asymptomatic nature, the need for cholesterol monitors is burgeoning incessantly in the region. Additionally, the prevalence of heart diseases and obesity in the region is a major concern.

The United Health Foundation’s annual report revealed that the obesity rate increased from 31.5% in 2021 to 30.4% in 2020 in the United States. This, in turn, the mounting preference for preventive healthcare is also anticipated to drive regional growth. Rising awareness and initiatives from the government and several healthcare organizations are expected to propel market growth.

Why is the Demand for Cholesterol Monitors Burgeoning in Europe?

Europe is the second-largest region, with the accountability for nearly 26% cholesterol monitors market share in 2022. The region is likely to maintain its projected growth over the forecast period, reveals Future Market Insights.

Moreover, weight problems and obesity are snowballing at a rapid rate across the EU, with estimates of nearly 53% of the adult EU populace overweight in 2020. Obesity significantly increases the risk of chronic diseases, such as cardiovascular disease, type-2 diabetes, and hypertension. Along with this, it is a major cause of rising cases of bad cholesterol in the Europe region.

According to the World Health Organization, nearly 54% of men and women in Europe, the highest percentage for any region of the world, are affected by ‘bad’ cholesterol. Besides, approximately 133.3 million people in the five largest states (Germany, France, Italy, Spain, and the UK) are suffering from high levels of bad cholesterol.

Thereby, the government in several countries is making efforts to increase the testing and make certain guidelines to direct the people towards awareness of bad cholesterol. Prominent manufacturers of cholesterol monitors are developing novel technologies and innovative testing kits to make cholesterol level testing easier and cheaper. Owing to the aforementioned factors, the region is offering a pool of growth prospects to the key players.

How Start-ups are Adding Value to the Global Cholesterol Monitors Market?

The swelling dispersion of start-ups in the cholesterol monitors market has improved the product quality and increased global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching new products, such as

In March 2021, Ro scored a hefty US$ 500 Million Series D round led by existing investors General Catalyst, FirstMark Capital, and TQ Ventures. The company has raised $876 million since its founding in 2017.

Kit diagnostic tests for patients directly through Ro’s platform, providing the objective health data necessary to inform high-quality care for a range of health conditions, such as:

Sexual health
Cholesterol
Hypertension
Diabetes.

NuGenomics-a start-up launched in July 2021, uses patented technology to prognosis, prevent, diagnose, and cure lifestyle disorders by providing health-oriented data, insights, and actionable suggestions made by its AI/ML system as opposed to a nutritionist.

The startup’s product offerings include Genetic Test Report, which is priced at Rs 8,999, and it helps people understand their predispositions towards cholesterol, HDL, LDL, Triglyceride, and Blood Sugar levels, along with several other conditions, to help their existing trainers and nutritionists.

Who are the Key Players in the Global Cholesterol Monitors Market?

Key players have entered into merger agreements to expand their portfolios and provide effective services which can assist in managing infectious diseases and uncontrollable levels of cholesterol.

In May 2021, Roche and GenMark Diagnostics entered into a merger agreement in which Roche fully acquired GenMark for $1.8 billion. Through the acquisition, Roche aims to expand its portfolio of molecular diagnostics with GenMark’s expertise in syndromic testing. The companies believe that GenMark’sePlex systems enhance Roche’s work in managing infectious diseases and antibiotic resistance.
In May 2022, Zydus Lifesciences launched a Bempedoic Acid drug under the Bemdac brand for the treatment of uncontrolled levels of bad cholesterol.
In February 2020, Esperion received approval from the FDA for its cholesterol-lowering combo-Nexlizet (bempedoic acid-ezetimibe) to lower LDL cholesterol in patients with high cholesterol or established atherosclerotic cardiovascular disease who has reached maximum-tolerated statin therapy.

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Key Players

Roche Diagnostics
PTS Diagnostics
Omron Healthcare, Inc.
ACON Laboratories, Inc.
AccuTech
LLC
Alere Inc.
Siemens
Medline Industries, Inc.
Abaxis, Inc.
ManthaMed
Fisher Scientific

Scope of reports
Growth Rate

CAGR of 7.4% from 2022 to 2032

Market Value in 2022

US$ 2,514.6 Million

Market Value in 2032

US$ 5,502.4 Million

Base Year for Estimation

2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million, and CAGR from 2022-2032

Report Coverage

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

Segments Covered

Product Type
End User
Region
Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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
Turkey

Key Companies Profiled

Roche Diagnostics
PTS Diagnostics
Omron Healthcare, Inc
ACON Laboratories, Inc.,
AccuTech, LLC
Alere Inc.
Siemens
Medline Industries, Inc.
Abaxis, Inc.
ManthaMed
Fisher Scientific

Key Segments Covered in the Cholesterol Monitors Industry Survey

By Product Type:

Single-sided COD Chip-On-Flex
Other Chip-On-Flex Types

By End Users:

Military
Medical
Aerospace
Electronics
Other Verticals

By Region:

North America
Latin America
Europe
Asia Pacific
Japan
Middle East and Africa

About FMI:

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Green Solvents Market Expected to Reach Tremendous Growth by 2031

As per the latest global industry analysis for historical period of 2016-2020 and upcoming assessment period of 2021-2031, the demand for green solvents is expected to grow remarkably with CAGR ranging around 6% to 8%.

The demand for such solvents is anticipated to witness such significant growth owing to rapid rise in awareness towards use of eco-friendly products among consumers over some recent years.

Solvents finds variety of applications including in Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Metal Cleaning, Personal care products, Polymer Manufacturing, Agrochemicals, and various others.

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Who Are the Key Manufacturers / Suppliers of Green Solvents?

Key manufacturers or suppliers include

BASF SE
Archer Daniels Midland Company
Vertec Biosolvents Inc.
Stepan Company
Solvay
GFBiochemicals
Cargill Inc.
Astrobio
The Dow Chemical Company
India Glycols Limited.

Key manufacturers are engaged in research and development of bio-based solvents that are cost efficient in production and provides high or same properties & performance as that of conventional solvents.

What Is Driving The Demand For Green Solvents?

Solvents finds common usage in the manufacturing of several chemical products. However, the use of solvents is being inhibited substantially in modern chemical formulations owing to the presence of volatile organic compounds (VOC). Increase in stringent regulations over volatile organic compounds (VOC) are hampering the sales of solvents.

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Owing to this scenario the demand for eco-friendly solvents, which contain very low to zero VOC content, is increasing at very rapid pace. In addition, growing trend of sustainability and reducing carbon footprints across the globe is also enabling demand.

These products provide alternative to traditional solvents with similar functionality, which compels the manufacturers to promote the use of these solvents and shift their production facilities towards such solvents to reduce carbon footprints.

Growing Awareness towards Environment Protection Is Likely To Augment Sales of Green Solvents

Volatile Organic Compounds (VOC) evaporates rapidly in air and contributes in formation of smog. Smog have its harmful effects on human health and environment. With the growing awareness towards environment protection consumers are shifting their preferences towards eco-friendly products irrespective of prices and availability.

Green solvents have high production cost which hinders the manufacturers to offer competitive pricing and hence impact overall growth of the market.

Moreover, stringent regulations over the use and production of harmful synthetic chemicals is anticipated to fuel the demand of these solvents during the upcoming assessment period of 2021-2031.

In addition, consistently growth outlook of end-use industries like paints and coatings, agricultural chemicals, personal care and various others is likely to benefit the market of green solvents and is expected to create robust opportunities for green solvents manufacturers during the next decade.

US and China Market Outlook

US is a leading market for green solvents owing to high awareness among the end users across the chemical sector. Consumers based in US are fully aware about the adverse effects of using non eco-friendly products over human health and environment.

Consumers in the country prefer eco-friendly products irrespective of price and efficiency. In addition, various stringent regulations imposed in country over the use and production of solvents by US government and various environment protection regulatory bodies is compelling manufacturers to shift towards production of green solvents.

China is the most lucrative market for the green solvents. The country is one of the leading consumer of solvents. Growing initiatives to reduce pollution and increase use of eco-friendly products by Chinese regulators is expected to make China a lucrative market for green solvents.

China has extra ordinary presence of end-use industries coupled with high presence of raw materials suppliers which makes the country a primary choice for the manufacturer to invest.

The country also offers various manufacture friendly policies which promotes industrialization in the country. Owing to which the country is anticipated to grow at high CAGR during the upcoming assessment period of 2021-2031.

Europe Demand Outlook

Europe is another significant market for green solvents similar to North America. Various environment protection agencies and regulatory bodies promote the use of eco-friendly products in the region. High awareness towards environment protection among industrial consumers is fuelling the demand in the region.

Extra-ordinary investment in bio-based industries by public as well as private sector across the region over some recent years is expected to benefit the market over the forecast period.

In addition, the region is well known for its industrial presence and research and development capabilities. This factors promotes the growth of manufacturers in the region.

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 an 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.

Key Segments

Type:

Bio-Alcohols
Bio-Diols
Bio-Glycols
Lactate Esters
Others

Application:

Industrial & Domestic Cleaners
Paints & Coatings
Adhesives
Printing Inks
Pharmaceuticals
Cosmetics
Others

Based on Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Europe
- Germany, Italy, France,U.K., Spain, BENELUX, Russia, Nordics, Others
East Asia
- China, Japan, South Korea
South Asia Pacific
- India, ASEAN Countries, Oceania
Middle East and Africa
- GCC Countries, Turkey, Northern Africa, South Africa

About FMI

Contact:

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