Endovenous Laser Therapy Market is projected to reach US$ 811.0 Million by 2031

[151 Pages Report] According to a recent study by Future Market Insights (FMI), the global endovenous laser therapy market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 378.3 Mn in 2021 to over US$ 811.1 Mn by 2031. This reflects a cumulative CAGR of around 7.9% over the forecast period (2022-2031).

Rise in number of varicose veins cases, availability of technologically advanced laser therapy, shift towards minimally invasive procedures and increasing product launches are the primary factors responsible for the growth of the market during the forecast period.

Varicose veins are more common in pregnant women, partially because the baby puts more pressure on the veins and partly because hormones generated during pregnancy relax vein walls. Varicose veins can develop as a result of damage to a deep leg vein. Over the projected period, rising instances of varicose veins are expected to drive revenue growth in the endovenous laser systems market.

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Another factor that is having a positive impact on endovenous laser therapy is the rapid change in lifestyle with no physical activity and labour across the globe, as well as the rise in the elderly population, both of which are anticipated to contribute to the global market’s growth over the forecast period. The market is also expected to develop due to the quick and effective technique as well as the growing demand for endovenous laser therapy.Moreover, growing prevalence of obesity worldwide is driving growth of the endovenous laser therapy market. Obesity leads to problems related to blood circulation which leads to varicose veins.

Medical device manufacturers operating in the endovenous laser therapy market are focusing on providing user friendly devices to the end users to minimize chances of manual errors. In addition, continuous launch of new and improved products and increasing investment in research and development by the manufacturers in endovenous laser therapy devices would lead to growth of global market over the forecast period.

Key Takeaways from Endovenous Laser Therapy Market Study

  • Endovenous laser systems held the maximum share of 92.0% in 2021 by component, expanding at a rapid rate owing to the rising number of varicose veins cases and increase in number of product launches with advanced features.
  • Ambulatory surgical centers showed maximum growth among all end users with a market share of 36.2% in 2021 owing to the rise in demand for outpatient surgeries. In countries such as the U.S., endovenous laser therapy for varicose veins is majorly performed in ambulatory surgical centers rather than hospitals in order avoid long-time waiting in big hospital settings, which is why the segment is developing at a rapid rate
  • North America held the largest share of 42.7% of the global endovenous laser therapy market by region in 2021 indicating the growth due to increase in prevalence of obesity and growing number of FDA approvals in North America.

“Growing prevalence of varicose veins, shift towards minimally invasive procedures, availability of novel laser treatment and increasing number of product launches Is Expected to Drive the Demand for Endovenous Laser Therapy over the Decade,” says the FMI Analyst

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Who is winning?

The key market players covered by FMI include AngioDynamics, Inc., Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, Wontech Co., Ltd., intros Medical Laser GmbH and Energist Ltd.

Some of the leading manufacturers of endovenous laser therapy market are focusing on product launch, approvals, collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In January 2021, Syneron Medical Ltd. announced the availability of the Frax Pro™ system. The FDA-cleared and CE-marked, non-ablative fractional device is the first platform featuring dual-depth skin resurfacing with both Frax 1550™ and the novel Frax 1940™ applicators.
  • In July 2020, Wontech announced that ‘Picowon’, an alexandrite (755nm)-based pico laser, has obtained US Food and Drug Administration (FDA) approval for the first time in Asia and the second in the world.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global endovenous laser therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on endovenous laser therapy segment based on product (Endovenous Laser Systems {Diode Lasers and YAG Lasers}, and Endovenous laser Fibers {Bare Tip Laser Fiber, Radial Tip Laser Fiber and Gold Tip Laser Fiber}), and end user (hospitals, ambulatory surgical centers and Specialized Clinics) across seven major regions.

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Endovenous laser therapy Market by Category By Product

  • Endovenous Laser Systems
    • Diode Lasers
    • Yag Lasers
  • Endovenous Laser Fibers
    • Bare Tip Laser Fibers
    • Radial Tip Laser Fiber
    • Gold tip Laser Fiber

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

By Region

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

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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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Industrial Motors Manufacturers Are Also Working Toward Reducing The Size Of The Industrial Motors-FMI

North America holds a major share in the global Industrial Linear Accelerator market. It is followed by Asia-Pacific, Europe and Latin America. Europe and North America are projected to be major consumers owing to the extensive applications of Industrial Linear Accelerators in the manufacturing Industry.

Increasing globalization, which is evident from the increase in international trade and outbound- inbound FDI, will lead to positive growth in one economy and in correlated economies, such as China, India, Brazil, Russia, etc thereby.

Increase in industrial production in countries, such as Germany, India and China, and high growth in PMI (purchase manager index) numbers in Australia, UK, China and India will influence the growth of end-user industries in Asia Pacific, which in turn, will influence the demand for Industrial Linear Accelerators in the region during the forecast period. The Rest of the world is estimated to account for a relatively small share in the Industrial Linear Accelerator market.

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Industrial Linear Accelerator Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Industrial Linear Accelerator Market are:

  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Wasik Associates Inc.
  • VIVIRAD S.A
  • Iotron Industries Canada, Inc.
  • IBA group
  • Jiangsu dasheng accelerator manufacturer co., LTD
  • DIONDO GMBH
  • High Voltage Engineering Europa B.V. (HVE)
  • NISSIN ELECTRIC Co.,Ltd.
  • Varian Medical Systems, 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 market segments such as geographies, application, and industry.

Motors, being vital components in manufacturing units, have witnessed an increase in demand across several industries including construction, automotive, agriculture, and other industrial sectors. Application of electrical motors for being a power-source in steam-ships and industrial plants is a key factor pushing the application of industrial motors.

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Moreover, the overall industrial landscape witnessed a paradigm shift from traditional motors to full electric alternatives, thereby, pushing for compact and efficient industrial motors. Additionally, the last few decades saw a greater importance placed on environmental safety translating into stringent norms and regulations.

Companies to Harness the Industrial Motors Market Potential

The industrial motors market has witnessed major transformations with the innovations introduced in the market. The manufacturers of industrial motors are leveraging the industrial transformations to develop enhanced industrial motors that could provide improved performance efficiency.

With improved technological improvements, industrial motors manufacturers are also working toward reducing the size of the industrial motors. For instance, the supplier of industrial components, Kollmorgen recently started shipping its new compact-sized and powerful servo motors

Novel Innovations in Brushless DC Motors to Transform Industrial Motors Landscape

DC motors are likely to be highly used industrial motors as these motors have a simple design and they offer various benefits including low maintenance, high efficiency, and a longer life. Owing to this, various innovations are being made for the enhancement of such motors. For instance, Ablic, a Japanese chip-making company has developed a zero-crossing latch chip, which the company claims that it would significantly improve the design flexibility for brushless DC industrial motors.

Promising opportunities for Key Manufacturers Spotted in Asian Economies

The manufacturers of motors have been focusing on the key regions that allow them to gain major profits in the emerging countries. The use of motors in the flourishing industries and extensive application segments in major economies of regions such as North America, Europe, and Asia Pacific is expected to project major investment opportunities for the key players in the market.

For instance, Teco, a leading player in the industrial motors market is looking forward to expanding its capabilities for the Asia Pacific region, with their new manufacturing plant in the Vietnam. The company looks forward to tap into the market in South-east Asia with this plant whose annual production capability would be of 300,000 small industrial motors.

Manufacturers to Focus on the Flourishing European Region

Companies are seen targeting the European market for industrial motors owning to the increasing opportunities reflected in the region. With the help of key strategies such as expansion and acquisition, the industrial motors manufacturers are moving towards gaining a significant share in the European market.

For example, the Nidec Corporation recently acquired complete ownership interest of 100 percent from its shareholders. This would create a crucial business combination, allowing the company to add new products while focusing on the European market to strengthen their motor sales.

Transforming Efficiency Standards to Push High-Efficiency Motors in the Market

Where countries such as India are banning the use of low efficiency motors, the manufacturers in the industrial motors market are focusing on new innovative technologies that could help the efficiency of the motors.

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  • ABB Group, an industrial motors market player focuses on these changing standards of efficiency. This could also act as an opportunity for shifting towards IE2-efficiency versions of industrial motors.
  • Wolong Electric Group has went on to acquire the business of mid and low voltage industrial motors business of GE. This acquisition manufacturing, designing, development, and sales of these motors.
  • Emerson, a company recognized in the industrial motors market has gained major end-market sales, which showcases its continual growth.

Other players in the industry motors market include ATB Austria Antriebstechnik AG, TECHNOSOFT SA, Rockwell Automation, Inc., AMETEK.Inc Schneider Electric SE, Fuji Electric Co., Ltd., MENZEL Elektromotoren GmbH, Siemens Ltd., TECO Electric Europe, Toshiba Corporation, and Marelli Motori.

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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Pipette Tips Market is estimated to surpass USD 1.47 Billion by 2032

[333 Pages Report] The pipette tips market is worth USD 680.40 million in 2022 and is expected to grow at an 8.0% CAGR from 2022 to 2032 to reach USD 1.47 billion by 2032.

Constant product innovation, rising demand for R&D, and an increasing number of healthcare settings, diagnostics, and liquid handling systems are key drivers driving pipette tips market growth as well as the pipette tips market opportunities.

Attributes Details
Pipette Tips Market CAGR (2022-2032) 8.0%
Pipette Tips Market Size (2022) USD 680.40 million
Pipette Tips Market Size (2032) USD 1.47 billion

Furthermore, there has been an increase in the number of innovations in this product category, which is fuelling demand for pipette tipsPipette tips, such as wide orifice tips, gel loading tips, standard, filtered, low-retention pipette tips, and so on, saw a significant increase in demand for pipette tips following the emergence of COVID-19 in 2020, as they were among the critical laboratory devices used to detect the virus’s presence.

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The filter tips product type segment of the pipette tips market in the United States is expected to grow at the fastest CAGR during the forecast period. The robotics segment had the largest pipette tips market share.

The demand for pipette tips increased dramatically as a result of the COVID-19 outbreak, as daily testing at diagnostic centres for infection detection increased influencing the pipette tips market adoption trends. However, many supply chain bottlenecks were encountered as demand for pipette tips outstripped supply.

Revenue from sales of pipette tips market increased significantly in the second half of 2020, particularly in the United States and Europe. Manufacturers of pipette tips are constructing a new plant for high-quality laboratory consumables made of functional high-tech polymers which will positively affect the pipette tips market key trends and opportunities as well as the pipette tips market future trends.

Eppendorf stated in its 2021 annual pipette tips market report that sales of pipette tips majorly its robotic pipetting systems have increased and have more than doubled since 2020. This suggests that demand for pipette tips notably robotic pipettes will rise as well along with the constructive effect on the pipette tips market future trends.

KEY TAKEAWAYS:

  • The standard product segment dominates the pipette tips market in product insight. It accounts for 32.5% of total revenue and is expected to grow at a healthy rate in the future.
  • In terms of technology insight, the non-robotic pipette tip segment is anticipated to have highest revenue in the pipette tips market share of 56.4% through 2032 and is expected to grow significantly during the forecast period.
  • In terms of application insight, the pharma and biotech segment dominates the pipette tips market, accounting for 32.3% of total revenue. The segment is expected to grow at the fastest CAGR during the forecast period, maintaining its leading position in the pipette tips market.
  • North America dominates the pipette tips market, accounting for 37.5% of the total revenue.

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COMPETITIVE LANDSCAPE:

New market research report on pipette tips will offer valuable insight into the market, with a focus on some of the major players such as Thermo Fisher Scientific, Sartorius AG, CORNING INC., Mettler Toledo, Tecan Trading AG, Hamilton Company, Eppendorf AG, and others.

Pipette tips market participants’ key strategic initiatives include new product development, collaborations, regional expansions, and mergers.

RECENT DEVELOPMENT:

Collaboration:

  • Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Thermo Fisher Scientific Inc. announced a 15-year strategic collaboration agreement in 2022 to enable dedicated large-scale manufacturing in the United States of Spikevax, Moderna’s COVID-19 vaccine, and other investigational mRNA medicines in its pipeline, resulting in increased use of essential lab supplies such as pipette tips.

Expansion:

  • Thermo Fisher Scientific announced a $140 million investment to expand its laboratory plastics disposables production in order to meet global demand for pipette tips during COVID-19 testing, as well as for the development and manufacturing of therapies and vaccines.

Acquisition:

  • Sartorius has acquired Biological Industries Ltd., a manufacturer of cell culture and molecular biology research products.

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Key Segments

By Product:

  • Standard
  • Filtered
  • Low-retention
  • Others

By Technology:

  • Robotic
  • Non-robotic

By Applications:

  • Diagnostics and Healthcare
  • Pharma and Biotech
  • Academia and Education
  • Others

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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Dermal Fillers Market Application, Trends, Growth, Opportunities and Worldwide Forecast to 2031

According to this new report titled “Dermal Fillers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment” that tracks the performance of the global dermal fillers market for a period of 10 years, the United States is a highly mature market with wide scale adoption of dermal fillers.

The global dermal fillers market is traversing a path from the growth phase to maturity as companies are focussing on developing variants of products currently available in the global dermal fillers market.

This new report published by Future Market Insights discusses the high pricing competition and discounting practices between companies as well as physician practices that inflate margins and tend to hamper global adoption of the dermal filler procedure by patients.

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Multiple applications of dermal fillers and increasing number of aesthetic surgeons are the main factors responsible for fuelling the growth of the global dermal fillers market

Apart from functioning as an anti-aging factor, dermal fillers are also helpful in the areas of treatments such as acne scars, enhancement of the dorsal area of hand, and for HIV induced lipoatrophy of facial area.

Besides, the use of dermal fillers for the treatment of paralysed vocal cords is also under consideration for approval from the FDA.

The demand for application specific product modules is driving the growth of the global dermal fillers market.

Another important factor that is boosting the growth of the global dermal fillers market is a sudden increase in the number of plastic surgeons and their network.

This increasing network is boosting the demand for aesthetic procedures, which in turn is fuelling the development of the global market.

The FDA has also given its approval for the use of dermal fillers in the area of dentistry.

This is particularly beneficial for dentists as they come across many such cases that require facial changeover, which is easily possible with the help of dermal filler procedures.

The other drivers associated with dermal filler procedure include lesser procedure time, minimum risk of complexity, and requirement of minimum infrastructure.

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Increasing focus on development of new products and market expansion strategies by direct presence or through affiliates as a key development strategy by companies is expected to increase the demand for dermal fillers during the forecast period.

Favourable support from the government in terms of approval for new entities and new application areas as well as the commercialization of novel solutions are factors boosting collaborations and partnership agreements between manufacturers.

Various companies are also developing application specific dermal fillers and expanding their product range such as, fillers specific for lip augmentation, specific dermal fillers for the dorsal area of hand and fillers to increase volume.

All these factors are creating a robust development in the global market for dermal fillers.

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The application of dermal fillers in dentistry is expected to make an impact on the global market over the forecast period

With a Compound Annual Growth Rate of 3.4% during the period of assessment, the dentistry application segment is projected to grow significantly in terms of revenue in the years to come.

The key reason behind this growth is an increasing usage of the dermal filler procedure in the area of dentistry.

The aesthetic restoration segment dominated the dermal fillers market in terms of revenue in 2016 and this trend is projected to continue throughout the forecast period.

Reconstructive surgery is expected to be the second most lucrative application segment, given the high rate of growth of orthopaedic procedures across the globe.

Global Dermal Fillers Market: Overview

Our forecasts indicate that the global dermal fillers market is expected to grow from an estimated value of more than US$ 3,600 Mn in 2017 to just over US$ 4,960 Mn by the end of the forecast period in 2027.

This represents a CAGR of 3.2% in terms of revenue over the forecast period of 2017 to 2027. The global market for dermal fillers represents absolute $ opportunity of more than US$ 115 Mn in 2018 over 2017 and an incremental opportunity of more than US$ 1,300 Mn between 2017 and 2027.

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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Industrial Linear Accelerator Market Are Increasing Demand For High Yields And Production-FMI

Industrial linear accelerators market , in industries, are mainly used for non-destructive testing (NDT). Non-destructive testing is the testing and analysis technique used to evaluate the properties of a different material without damaging them. Industrial Linear Accelerators have a wide range of applications in both private and government sectors.

They are ideal to be used in maintenance services as well as manufacturing industries, such as cargo inspection, medical waste disposal, agriculture, food irradiation, gemology, aerospace, automotive, rocket motors, castings inspection and missile/defence systems.

They are also widely used in scanning devices for vehicles and cargos as they do not affect the material being inspected and also save time and money during the inspection of materials in the security sector. They are also used in radiation therapy to treat cancer.

Industrial Linear Accelerator Market: Market Dynamics

The main factor behind the growth of the industrial linear accelerator market is the growing use of scanning equipment in industries and rising awareness among people regarding the need to use better technology equipment for better results.

Other factors promoting the growth of the Industrial Linear Accelerator market are increasing demand for high yields and production with world class quality and increasing focus of companies on decreasing operational cost without compromising quality.

Apart from this, Industrial Linear Accelerators have become an integral component of the food and preservative, mining, metal casting, waste management industries, etc. and hence, the growth of these industries will also contribute towards the growth of the global Industrial Linear Accelerator market.

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However, the presence of alternatives, high price of Industrial Linear Accelerators and a general lack of awareness amongst people can act as a restraint to the growth of the global Industrial Linear Accelerator market. However, the current trend to use better technology and equipment to get better results will increase the demand for Industrial Linear Accelerators during the forecast period.

Industrial Linear Accelerator Market: Regional Outlook

North America holds a major share in the global Industrial Linear Accelerator market. It is followed by Asia-Pacific, Europe and Latin America. Europe and North America are projected to be major consumers owing to the extensive applications of Industrial Linear Accelerators in the manufacturing Industry.

Increasing globalization, which is evident from the increase in international trade and outbound- inbound FDI, will lead to positive growth in one economy and in correlated economies, such as China, India, Brazil, Russia, etc thereby.

Increase in industrial production in countries, such as Germany, India and China, and high growth in PMI (purchase manager index) numbers in Australia, UK, China and India will influence the growth of end-user industries in Asia Pacific, which in turn, will influence the demand for Industrial Linear Accelerators in the region during the forecast period. The Rest of the world is estimated to account for a relatively small share in the Industrial Linear Accelerator market.

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Industrial Linear Accelerator Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Industrial Linear Accelerator Market are:

  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Wasik Associates Inc.
  • VIVIRAD S.A
  • Iotron Industries Canada, Inc.
  • IBA group
  • Jiangsu dasheng accelerator manufacturer co., LTD
  • DIONDO GMBH
  • High Voltage Engineering Europa B.V. (HVE)
  • NISSIN ELECTRIC Co.,Ltd.
  • Varian Medical Systems, 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 market segments such as geographies, application, and industry.

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About Future Market Insights (FMI)

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

Contact:

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Animal Model Market is anticipated to be valued at US$ 1.7 Billion in 2022

[170 Pages Report] According to a recently compiled study by Future Market Insights, the global animal model market will reflect an impressive CAGR through the forecast period, 2017 to 2026. Revenues from the global market for animal model are poised to surpass US$ 2,200 Mn by 2026-end.

Leveraging Animal Models offers Better Understanding of Different Diseases

Animals and human beings share a common biological as well as physiological structure. Animals possess shorter life cycle, however they have high genotype resemblance. It is simple and easy to control the animal environment as compared to the human beings.The animal models are increasingly being used in the biomedical research that helps to develop new treatment methods for various diseases. Leveraging animal models offers a better understanding of different diseases, along with the efficacy of drugs with regard to the diseases.

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Owing to these factors, demand for animal models has been witnessing a significant surge in the healthcare sector. Alternatives such as cell cultures, tissue cultures, and computer models are also available, however animal models are more preferred owing to the complexity of the living systems. This further makes animal models an effective choice for biomedical research.

Development of animal models, which are more predictive in being effective is an iterative process. However, progress is being made, with researchers applying new experimental approaches to elucidate the biology of specific diseases for the creating of new and efficient animal models.

During the development of new drugs dedicated to complex diseases, researchers are being well advised for testing drugs in multiple animal models as well as in mouse strains with different genetic backgrounds.

Researchers are also focusing on employing translational efficacy or pharmacodynamic biomarkers for linking efficacy observed in clinical results with pre-clinical analyses.

animal model market

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Key Takeaways from FMI’s Report on Global Animal Model Market

  • North America is expected to remain the largest and fastest expanding market for animal model, with revenues estimated to surpass US$ 800 Mn by 2026-end. Between animal model markets in Asia-Pacific and Europe, the former will account for relatively larger revenue share, whereas the latter will expand at a comparatively higher CAGR through 2026. Although the market in South Korea will account for the lowest market revenue share, revenues are projected to expand at a relatively higher CAGR than those from the markets in Latin America and Middle East & Africa (MEA) through 2026.
  • On the basis of species, revenues from rats and mice are projected to account for over two-fifth share of the market by 2026-end. Revenues from use of rats in animal models will expand at the highest CAGR in the market through 2026. In addition, revenues from use of cats and monkeys in animal models will rise at a nearly equal CAGR through 2026. Dogs and pigs are expected to remain the least lucrative species used in animal models during the forecast period.
  • Contract research organizations (CROs) and biotechnology companies are anticipated to remain the fast expanding end-users of animal models. Revenues from these two end-users are collectively forecast to surpass US$ 850 Mn by 2026-end. In terms of revenues, academic & research institutions and pharmaceutical companies will continue to be dominant end-users in the global animal model market.
  • Basic and applied research application of animal model will continue to register the fastest expansion through 2026. However, drug discovery/development will remain the most lucrative application of animal model.
  • Key companies actively contributing to growth of the global animal model market include Transposagen Biopharmaceuticals, Inc., Envigo CRS SA, Crown Bioscience, Inc., Eurofins Scientific SE, Genoway SA, Taconic Biosciences, Inc., Trans Genic Inc, The Jackson Laboratory, Horizon Discovery Group plc, and Charles River Laboratories International, Inc.

Key Segments of Animal Model Industry ResearchAnimal Model Market by Species:

  • Rats
  • Mice
  • Guinea Pigs
  • Rabbits
  • Monkeys
  • Dogs
  • Pigs
  • Cats
  • Other Species

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Animal Model Market by End User:

  • Academic & Research Institutions
  • Pharmaceutical Companies
  • Biotechnology Companies
  • Contract Research Organizations (CROs)
  • Other End Users

Animal Model Market by Application:

  • Basic and Applied Research
  • Drug Discovery/Development

Animal Model Market by Region:

  • North America Animal Model Market
  • Latin America Animal Model Market
  • Europe Animal Model Market
  • East Asia Animal Model Market
  • South Asia & Pacific Animal Model Market
  • Middle East & Africa (MEA) Animal Model Market

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 9-years.

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Polyether Ether Ketone (PEEK) Interbody Devices Market is expected to register 7.8% CAGR from 2022 to 2030

Future Market Insights (FMI), in a recent report estimates global PEEK interbody devices market to grow steadily through 2021, despite COVID-19 pandemic creating a shift in administered care. The study pegs growth to hover above 7% mark throughout the forecast period.

Polyether ether ketone interbody devices are a significant breakthrough in the medical industry, with various healthcare settings adopting them to streamline their spinal implantation procedures. Additionally, they are highly eco-friendly as they are manufactured from organic thermoplastic polymers.

Provision of a bone-like modulus, high radiolucency to ensure accuracy and greater biocompatibility have all contributed to increasing PEEK interbody devices adoption for spinal procedures, and is likely to remain so in the future.

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Polyether Ether Ketone Interbody Devices Market Size (2022)
US$ 2.04 Bn
Revenue Forecast (2030)
US$ 3.72 Bn
Global Market Growth Rate (2022-2030)
7.8% CAGR
Dominant End User
Hospitals (48.9%)
Key Takeaways

US to retain market dominance; East Asia to be 2nd largest market through 2030
Surging popularity of minimally invasive surgeries to escalate interbody fusion devices growth
Hospitals to be key PEEK interbody devices end-users from 2020-2030
Rapid advancements in spinal implants to facilitate greater adoption
Fast-track regulatory approvals expanding sales across prominent regions
Global PEEK interbody devices to expand at 7.7% CAGR through 2030
“High incidence of degenerative disc diseases and spinal stenosis among the geriatrics is facilitating rapid innovations in surgical procedures, providing a wide base for PEEK interbody device market expansion,” opines the FMI analyst.

COVID-19 Impact Insights

The novel coronavirus pandemic has had varying impacts across the global polyether ether ketone interbody devices market. In the first stage, strict lockdowns and social distancing measures led to a drastic decline in industrial output, creating immense shortages of the devices across various healthcare settings.

Furthermore, greater emphasis was laid on caring for COVID-19 positive patients, leading to postponement of elective surgical procedures such as spinal correction or implantation, causing a substantial decline.

As the incidence of infections receded, the market has been experiencing a gradual incline. Flattening infection curves have enabled countries to ease lockdown restrictions, leading to a resumption of output which has largely balanced the demand-supply equation.

Moreover, spinal implant procedures are resuming, with hospitals and clinics registering a fall in the number of SARS-CoV-2 patients. Considering this recovery scenario, the global PEEK interbody devices is anticipated to rebound starting from 2021.

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Competition Landscape

Prominent players within the global PEEK interbody devices landscape are Zimmer Biomet, Medtronic Plc, Stryker Corporation and Shandong Weigo Group. These and other players are focusing on expanding existing manufacturing capabilities, product innovations, forays into untapped markets and strengthening core competencies.

In June 2020, Zimmer Biomet announced the incorporation of new enhanced features of its mymobility® care management system which was introduced in collaboration with Apple in October 2018. These features will assist healthcare professionals to enhance decision-making processes concerning major surgeries by incorporating higher precision.

In October 2020, Medtronic plc reported that over 84% of chronic back pain patients treated with its DTMTM Spinal Cord Stimulation Therapy reported at least 50% pain relief since the system’s inception a year earlier. This has encouraged the company to keep investing in better pain management technologies.

Key Segments

Product Type

Posterolateral Fusion Devices
Interbody Fusion Devices
Anterior Lumbar Interbody Fusion Devices (ALIF)
Extreme Lateral Interbody Fusion Devices (XLIF)
Posterior Lumbar Interbody Fusion Devices (PLIF)
Transforaminal Lumbar Interbody Fusion Devices (TLIF)
Other Devices

End-Users

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

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Region

North America (U.S & Canada)
Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia & Rest of Europe)
South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
East Asia (China, Japan & South Korea)
Oceania (Australia & New Zealand)
Middle East & Africa (GCC, South Africa & Rest of 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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Transformer Testing Equipment Are Used For Servicing, Monitoring Electrical & Mechanical Parameters-FMI

Transformer testing equipment market are utilized for the purpose of maintaining, inspecting and testing the functioning of transformer. The transformers need maintenance which has to be carried out at a fixed interval of time as well as when the transformers are underperforming. Transformer testing equipment are used for servicing, monitoring electrical & mechanical parameters and oil insulation of the transformer, for the safety of the systems and to avoid any damage.

Transformer testing equipment help to ensure protection, reliability and longevity of transformer. Requirement of a transformer testing equipment is mainly important when anomalies and faults within the circuit or grid has to be detected before and after occurrence of complete transformer breakdown.

Transformer testing equipment market is expected to grow in forecast period, due to increasing need of safe and continuous transmission of electricity from the power generation plant to the end users and for this purpose the transformers is tested continuously in real time. Common types of transformer test equipment include- applied potential testing, mega ohmmeters, frequency analysis equipment and loss management equipment etc.

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Transformer Testing Equipment Market: Market Dynamics

Growing industrialization and urbanization are responsible for increasing the demand of transformer which is expected to fuel the growth of transformer testing equipment market.Increasing energy demands has led to the growth of generation of electrical energy from both non-renewable & renewable sources, which has led to higher installations of power transformers in the global market.

This is a key factor that accelerates the growth of transformer testing equipment market during the forecast period. Rising standards of living across the globe has driven the power transmission & distribution companies to prolong the network circuit in order to fulfill the demand of the each and every consumers.

Skilled and trained technician is required for the maintenance and testing of the transformers as it is a high voltage electrical device. Additionally, the cost of transformers testing equipment is comparatively higher than the other electrical devices. This factor is anticipated to slow down the growth of transformer testing equipment market.

Transformer Testing Equipment Market: Regional Outlook

The Global transformer testing equipment market can be divided into seven geographical regions such as North America, Latin America, Asia Pacific Excluding Japan, Western Europe, Eastern Europe, Middle East & Africa and Japan. The transformer testing equipment market has a slow growth rate in the developed region such as Western Europe, North America and Japan, owing to maturity attained in the power demands and power grid network.

The countries of Asia Pacific excluding Japan such as India and China has registered higher demands in energy requirement is main factor for the growth of transformer testing equipment market. Additionally, high demand of power, improvement in the urbanization of remote and rural areas coupled with increasing population is a key factor which is anticipated to the growth of the transformer testing equipment market.

Electrification of railway lines in rural and urban areas of India is growing with very fast pace and trying to convert the entire railway network into electric railway network in three years is also an important driver which fuel the growth of the transformer testing equipment market, owing to more number of transformers to be laid down.

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Transformer Testing Equipment Market: Market Participants

Examples of some of the market participants in the global transformer testing equipment market identified across the value chain include:

  • SMC int.
  • Vanguard Instruments Company, Inc.
  • Gyro Group.
  • DV Power
  • Vasavi Electronics
  • Eltel Industries
  • KOLEKTOR ETRA d.o.o.
  • Doble Engineering Company (Esco technologies)
  • Hubbell Incorporated
  • Megger

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.

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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Industrial Protective Clothing Also Helps Protect Emergency Team Members And Workers Across Various Industry Vertical-FMI

The Industrial Protective Clothing market are made of advanced materials that protect employee against hazardous flame and fire, electric arc flash, cuts, life threatening chemicals and other hazardous materials. The industrial Protective Clothing also helps protect emergency team members and workers across various industry vertical.

The market participants are focusing on offering complete product portfolio of industrial protective clothing as per required protection and comfort for meeting prevailing standards listed by the concerned authorities. Some of the required key features are non-flammability, thermal insulation, thermo stability, chemical resistance, permanent color, comfort, appearance and mechanical resistance.

The product innovation is one of major focus area among key market participant in the global industrial protective clothing market. The available range of inexpensive industrial protective clothing products from local players had increased competition in the highly fragmented industrial clothing marketplace resulting in reduction in the price of the products.

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Industrial Protective Clothing Market: Drivers and Restraints

The market for industrial protective clothing is set to rise notably over the forecast period. The growth in the market will be fueled by the number of factors, such as strict government regulations, rapidly growing industrial base in developing economies coupled.

The arising level of awareness among end users will also play key role in expanding demand with oil and gas sector accounting for major overall demand for industrial protective clothing products. The comfort level is also becoming key factor for players to widen the customer base in the market as most of the end users are opting industrial clothing product with high performance standards and are comfortable to wear. The Industrial Protective Clothing market is dominated by the developed North America and Europe regions owing to strict safety related laws in the region.

On the other hand, the Asia Pacific and Latin American industrial clothing market is expected to witness higher growth rate over the forecast period due to ongoing industrialization in the region ultimately boosting the demand of chemical protective clothing in the region. The anticipated huge investments in the industrial sector mainly in China and India will increase the demand of industrial protective clothing.

The recent decline in the oil and gas sector have forced manufacturers to focus for scoring better growth opportunities. However, the oil and gas sector is slowly recovering ultimately resulting rebound in demand for industrial protective clothing.

Industrial Protective Clothing Market: Region-Wise Outlook

The global Industrial Protective Clothing market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America are expected to hold significant market share in the demand of Industrial Protective Clothing mainly driven by extremely high safety standards laid down by governments and regional regulatory authorities.

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The APEJ is expected to register significant growth owing to evolving industrial sector in developing economies led by China and India over the coming years. The MEA, Latin America and Eastern Europe are also expected to register healthy CAGR over the forecast period.

About Future Market Insights (FMI)

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

Contact:

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Industrial Plugs And Sockets Are Used To Avoid Accidental Or Deliberate Mismatching Of Plugs-FMI

Industrial plugs and sockets market are utilized for the purpose of establishing secure electric connections in machines and equipment, which work on different frequencies and voltages. Industrial plugs and sockets are used to avoid accidental or deliberate mismatching of plugs and prevent connections that are not compatible in terms of frequency, current, polarity, voltage and type of use. Moreover,industrial plugs and sockets have multifunctional applications in commerce & farming and provide safety for appliances to which they are connected.

Industrial plugs and sockets have high impact strength, i.e. no sudden change on increasing temperature, high insulation resistance and they generally offer good resistance to most chemicals. Furthermore, industrial plugs and sockets have typical features, such as large connection area, excellent conductivity and compact design. Many type of industrial plugs and sockets are available in the market. For example, multiphase plugs, surface mounting & panel mounting sockets.

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Industrial Plugs and Sockets Market: Dynamics

Easy installation, low cost of raw materials and the use of advanced production technologies are the factors expected to fuel growth of the industrial plugs and sockets market in the upcoming years. Safety features incorporated in these plugs and sockets, such as dust proof, water proof and explosion proof, are the key factors accelerating growth of the industrial plugs and sockets market. The global industrial plugs and sockets market is also slated to be driven by the boosting growth of heavy industry segments, such as textile, food processing, automobile and electrical industries.

Lack of awareness about the importance of industrial plugs and sockets is a key factor impeding growth of the industrial plugs and sockets market. Besides this, high cost involved in the transportation of products is another factor hampering growth of the industrial plugs and sockets market.

The industrial plugs and sockets market is expected to witness considerable growth, owing to the high demand for dustproof plugs and sockets. In the current scenario, splash-proof and dust proof variants of industrial plugs and sockets are popular and are further gaining traction in industrial use, as these have wider industrial applications. Whereas, initially, water proof industrial plugs and sockets were in high demand. These features will boost growth of the industrial plugs and sockets market.

Industrial Plugs and Sockets Market: Regional Overview

The industrial plugs and sockets market is expected to grow significantly in the Asia Pacific region, owing to rising construction & development activities and the rapidly growing manufacturing sector in South-East Asia. Asia Pacific is estimated to register a relatively prominent CAGR as compared to other regions and is expected to remain prevalent throughout the forecast period. Considerable investments in the oil and gas industry in the Middle East region are estimated to accelerate growth of the industrial plugs and sockets market. Moreover, growth of the mining and construction sector in Africa will fuel growth of the industrial plugs and sockets market. Attributing to the increasing demand for premium products in North America and Western Europe, these regions are pegged to hold significant shares of the industrial plugs and sockets market. Growth of these regions can also be traced to growth of the automotive industry and the rising demand for plugs and sockets. Other regions, such as Eastern Europe and Latin America are estimated to grow moderately in the industrial plugs and sockets market over the forecast period.

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Industrial Plugs and Sockets Market: Market Participants

Examples of some of the market participants identified across the value chain of the global industrial plugs and sockets market include:

  • Scame Parre S.p.A.
  • Legrand SA
  • Palazzoli S.p.A.
  • Amphenol Corporation
  • Mennekes
  • Marechal Electric Group
  • Schneider Electric SA
  • Power and Control
  • Labhya Tech
  • Electech International Trades

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.

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About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedInTwitterBlogs
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com