Market Research Blog – Page 1090 – New Product Development

Immunochemistry Analyzer Market Set to Achieve a CAGR of 16%, Reaching USD 72.69 Billion by 2032

The global immunochemistry analyzer market is projected to experience robust growth, expanding at an impressive CAGR of 16% over the forecast period. Valued at USD 14.2 Billion in 2021, the market is expected to surge to USD 72.69 Billion by 2032, driven by increasing demand for advanced diagnostic tools.

Key Growth Drivers:

Rising Incidence of Infectious Diseases: The demand for immunochemistry analyzers is being propelled by the growing need to diagnose and detect microorganism-based illnesses efficiently and accurately. As the prevalence of infectious diseases increases, these analyzers are becoming vital tools in healthcare settings.
Technological Advancements: Innovations in immunochemistry analyzers have significantly improved their performance, accuracy, and speed in identifying pathogens and antibodies, which is fueling their adoption globally.
Growing Healthcare Infrastructure: As healthcare systems worldwide continue to expand and modernize, particularly in emerging economies, the adoption of advanced diagnostic technologies like immunochemistry analyzers is expected to rise.

Sales of immunochemistry analyzers are expected to grow due to the rising demand for immunochemistry analyzers to diagnose and detect microorganism-based illnesses and disorders, together with the increasing requirement for managing and suppressing the incidence of major diseases.

This is driving the expansion of the immunochemistry analyzers market.

Immunochemistry analyzers automatically run tests on samples from patients to detect any number of biologically active substances. Another factor driving the demand for immunochemistry analyzer is its usage in infectious disease testing, cancer, cardiac, and autoimmune diseases.

Some of the critical immunochemistry analyzer market trends promoting the demand for immunochemistry analyzers include the rise in demand for improved diagnostic equipment, as well as the rise in automation and integration trends, has resulted in the creation of novel products, which are likely to provide substantial growth opportunities for the immunochemistry analyzers market from 2022 to 2032.

A Full Report Overview

Key Segments

By Product Type:

Chemiluminescence Immunoassay
Immunofluorescence Analyzers
Radioimmunoassay
Enzyme-Linked Immunoassay
Consumables and Accessories

By Application:

Therapeutic Drug Monitoring
Oncology
Cardiology
Allergy Testing
AIDS
Endocrinology
Infectious Disease Testing
Autoimmune Disease
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Non-Fusion Spinal Devices Market to Reach USD 6.99 Billion by 2033, Growing at a 4.8% CAGR

The global non-fusion spinal devices market is poised for steady growth over the next decade, with an estimated value of USD 4.37 billion in 2023. According to market projections, the industry is set to expand at a CAGR of 4.8% from 2023 to 2033, reaching a total market valuation of USD 6.99 billion by 2033.

Key Drivers of Market Growth:

Rising Incidence of Spinal Disorders: The increasing prevalence of conditions such as degenerative disc disease, spinal stenosis, and scoliosis is driving demand for non-fusion spinal devices as a less invasive alternative to spinal fusion surgeries.
Technological Advancements: Innovations in biomaterials, motion preservation technologies, and device designs are enhancing the performance and effectiveness of non-fusion spinal devices, further supporting market growth.
Shift Toward Minimally Invasive Procedures: With a growing preference for minimally invasive surgeries that reduce recovery times and improve patient outcomes, non-fusion spinal devices are gaining traction among healthcare providers.

This significant growth trajectory is underpinned by the burgeoning demand for non-fusion spinal procedures, particularly among the elderly population. The expanding patient pool is a key driver propelling the industry toward substantial market gains. The market’s focus on addressing conditions such as spondylolisthesis, scoliosis, and stenosis through innovative non-fusion spinal devices is expected to further amplify its success.

The movement and stability of the patient post-spinal surgery afforded by non-fusion spinal devices is resulting in its surging adoption. Some key non-fusion spinal devices include artificial discs and growth-sparing devices. Many benefits of spinal non-fusion devices include extended healing time, adjacent segment degeneration, and bone graft donor site morbidity, which makes them a better alternative for patients in comparison to fusion devices.

Spinal issues induced by a sedentary lifestyle, obesity, and sports-associated accidents have played a significant role in the demand for non-fusion spinal devices. These surgeries improve mobility and quality of life, and are cost-effective, which is leading to their heightened adoption. The market is anticipated to flourish on account of rising incidences of spinal injuries, growing awareness, and a surging preference for minimally invasive procedures.

Key Highlights:

The United States is projected to head the overall market growth, contributing significantly to the global non-fusion spinal devices market. The market growth is underpinned by favorable government initiatives in support of healthcare policies and surging health consciousness among people in America.
China non fusion spinal devices market is thriving in the Asia Pacific region. Growing at a significant pace, the market is driven by enhancing healthcare infrastructure and advancements in technology.
The market in Germany is being fueled by an upsurge in the geriatric population and the rising per capita income of the people in Germany. The geriatric population is prone to spinal dysfunction/disorders, thus expanding the elderly population is anticipated to boost the uptake of non-fusion spinal devices.

Latest Market Developments in the Global Non Fusion Spinal Devices Industry:

In May 2021, Spinal Stabilization Technologies Ltd., which offers PerQ disc Nucleus Replacement System to treat degenerative disc disease, received Breakthrough Designation. Additionally, the device has obtained CE approval. The system is the only commercially available system for lumbar nucleus replacement across the globe.
In February 2021, NuVasive, Inc. procured Simplify Medical, which is a privately held company that develops Simplify Cervical Artificial Disc for the procedure of cervical total disc replacement (cTDR).
In March 2021, Implanet, a company that specializes in knee and spine products, proposed to acquire a significant stake in Orthopedic & Spine Development (OSD), a French firm that specializes in the creation of implants for spine surgery.

Key Market Segmentation for Global Non Fusion Spinal Devices Industry

By Product:

Artificial Disc Replacement Device
Partial Disc (Nucleus) Replacement Device
Dynamic Stabilization Devices
Total Facet Replacement Devices
Annulus Repair Device
Others

By End User:

Hospitals
Orthopedic Centers
Others

A Full Report Overview

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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Surgical Navigation System Market to Achieve USD 1.700 Million by 2030, Growing at a 6.2% CAGR

The global surgical navigation system market is poised for significant growth, projected to expand at a CAGR of 6.2% from 2020 to 2030. The market, valued at USD 940 million in 2020, is expected to reach an impressive USD 1.700 million by 2030, driven by advancements in surgical technology and increasing demand for precision in complex surgical procedures.

Key Growth Drivers

Technological Advancements: The integration of 3D imaging, AI-driven software, and real-time data analytics is enhancing the accuracy of surgical navigation systems, making them indispensable for complex surgeries.
Rise in Complex Surgeries: Increasing demand for precision in neurosurgery, orthopedic, and ENT surgeries is driving the adoption of these systems, as they enable more accurate outcomes and minimize complications.
Growing Use of Minimally Invasive Surgeries: The rising preference for minimally invasive procedures across the globe is further accelerating the adoption of surgical navigation systems, reducing hospital stays and enhancing recovery times.

Navigation during surgery is a fantastic technology that is now being used in medical equipment. Surgical Navigation Systems have sped up technical operations and cleared the path for more sophisticated treatments.

Surgical Navigation Systems target the anatomy to be operated on and guide implant placement in a safe manner to the specific anatomy of the human body. Surgical Navigation Systems serve as information hubs during operations.

A Surgical Navigation System is critical for correct anatomy visualisation and surgery planning in a virtual environment. Surgical Navigation Systems help to lessen the hazards of surgery.

Global Surgical Navigation System Industry: Drivers & Restraints

The navigation technology, which includes surgical planning software, intra-operative imaging, and tool tracking technologies, drives the Global Surgical Navigation System Industry.

Surgical Navigation Systems assist surgeons in making data-driven decisions during procedures. This Surgical Navigation System technology is propelling the worldwide Surgical Navigation Systems market forward.

The rise in minimally invasive and non-invasive operations is a major factor that could hamper the growth of the worldwide Surgical Navigation Systems market.

Because of the speedy post-operative recovery with minimum pain to the patient, minimally invasive and non-invasive operations are gaining popularity among the general public.

Global Surgical Navigation System Industry: Overview

Computer-aided surgery or computer-assisted intervention are other terms for Surgical Navigation System. The navigation system must do anatomical imaging, which leads to image analysis.

The navigation system assists in diagnosis and operation simulation based on the image created. Due to the complexity of the treatments, the neurosurgery segment dominates the Global Surgical Navigation System Industry.

The Global Surgical Navigation System Industry was led by orthopedic navigation systems, which were closely followed by ENT navigation systems.

Global Surgical Navigation System Industry: Region-wise Outlook

Depending on geographic regions, global Surgical Navigation System market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa.

Due to the mature healthcare sector in the North American countries, North America held a substantial market share in the global Surgical Navigation System market and is expected to retain the share over the forecast period.

The countries of Japan and Germany are projected to present considerable growth rate in the Global Surgical Navigation System Industry due to the well-established infrastructure and advanced Information Technology (IT) in healthcare.

Global Surgical Navigation System Industry: Key Players

Some of the key players in the global Surgical Navigation System are GE Healthcare Ltd., Medtronic Inc., Siemens Healthcare Corporation, Stryker Corporation, B.Braun Melsungen AG, Bausch & Lomb Incorporated, CAScination AG and Brainlab AG.

Manufacturers of worldwide Surgical Navigation Systems are involved in obtaining product approvals from the Food and Drug Administration (FDA) and other regulatory authorities in order to market their goods.

Acquisitions and strategic alliances are being encouraged by worldwide surgical navigations system market participants in order to acquire a competitive advantage, expand into emerging markets, and widen the product range.

The research study provides an in-depth analysis of the market and includes meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics.

It also includes estimates based on an appropriate set of assumptions and procedures. The research study analyses and gives information categorised as market segments, geographies, types, technology, and applications.

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.

A Full Report Overview

Key Segments

By Technology:

Electromagnetic Navigation Systems
Hybrid Navigation Systems
Optical Navigation Systems
Fluoroscopy-based Navigation Systems
CT-based Navigation System
Others

By Application:

Neurosurgery
Orthopedic Surgery
ENT surgery
Cardiac surgery
Others

By End Use:

Hospitals and Physician Practices
Ambulatory Surgery

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Breath Analyzer Market to Expand at a 4.9% CAGR, Reaching US$ 1,154.3 Million by 2034 to Expand at a 4.9% CAGR, Reaching USD 1,154.3 Million by 2034

The global breath analyzer market is set to experience steady growth, projected to expand at a CAGR of 4.9% during the forecast period from 2024 to 2034. The market’s valuation is expected to increase from USD 715.5 million in 2024 to an impressive USD 1,154.3 million by 2034, driven by rising demand for non-invasive, portable diagnostic tools.

Key Growth Drivers

Increasing Demand for Breath Alcohol Testing: As breath analyzers are widely used by law enforcement for alcohol detection, the growing emphasis on road safety and DUI prevention is a significant factor in driving demand.
Healthcare Applications: Breath analyzers are being increasingly used in the medical field for early detection of conditions such as asthma, tuberculosis, and other respiratory diseases. This broadening application base is expected to fuel market growth.
Technological Advancements: The development of portable, user-friendly devices with higher accuracy and efficiency is boosting market adoption, both for personal use and professional applications

Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing most countries across the globe, the healthcare industry is witnessing its fair share of ‘ups and downs’. COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Breath Analyzers market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Report Highlights:

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

Breath Analyzers Market: Segmentation

Based on technology, the global breath analyzers market is segmented into the following:

Semiconductor Oxide technology
Fuel cell technology
Infrared absorption technology

Based on application, the global breath analyzers market is segmented into the following:

Alcohol detection
Drug abuse detection
Asthma detection
pylori infection detection
Tuberculosis detection
Others

Based on end users, the global breath analyzers market is segmented into following:

Law Enforcement Agencies
Enterprises
Individuals

Regional analysis includes

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

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

Drägerwerk AG & Co. KGaA, EnviteC-Wismar GmbH, Lifeloc Technologies, BACtrack, Inc., Quest Products, Inc., Akers Biosciences, Inc., Intoximeter, Inc., AK GlobalTech Corporation etc.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Breath Analyzers market

A Full Report Overview

About Future Market Insights (FMI)

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Vertebroplasty and Kyphoplasty Devices Market Poised for Steady Growth with 4.4% CAGR

The global vertebroplasty and kyphoplasty devices market is expected to grow at a CAGR of 4.4% during the forecast period, driven by rising demand for minimally invasive surgical procedures to treat Vertebral Compression Fractures (VCFs). These image-guided procedures are becoming increasingly popular as they offer a safer and more efficient alternative for patients suffering from VCF-related conditions.

Key Growth Drivers

Vertebral Compression Fractures, often caused by osteoporosis or trauma, can lead to significant issues such as back pain, depression, decreased lung capacity, loss of independence, and difficulty sleeping. The rise in these conditions has prompted an increased demand for vertebroplasty and kyphoplasty devices, which help alleviate pain and restore functionality.

Minimally Invasive Solutions: Both vertebroplasty and kyphoplasty are less invasive, reducing recovery time and associated risks, making them attractive options for patients and healthcare providers.
Regaining Functional Abilities: These procedures enable patients to regain mobility and prevent further vertebral collapse, further driving demand.
Aging Population: As the global population ages, the incidence of vertebral fractures and osteoporosis-related conditions is expected to rise, boosting market growth.

Vertebroplasty & Kyphoplasty Devices Market: Drivers & Restraints

Vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedure which result in pain relief, stabilization of the fracture and avoid “Downward spiral” of untreated osteoporosis. Due to increase in ageing population, patients suffering from osteoporosis are also increasing.

Additional benefits of the surgery which are the key drivers for this market are:

Short surgical time. Patient gets discharged in less than one day.
General anaesthesia required. No bracing required.
Patients can quickly return to the normal activities of daily living.

Complications like bleeding, infection post-surgery and chances of occurrence of another fracture are few restraints for the Vertebroplasty & Kyphoplasty Devices Market.

Vertebroplasty & Kyphoplasty Devices Market: Overview

Vertebroplasty & Kyphoplasty devices market is growing due to increased incidence of Vertebral Compression Fractures (VCF) occurring due to increase in the ageing population. VCF is a major issue in the western countries driving the market growth. Overall Vertebroplasty & Kyphoplasty devices market will grow globally, however the growth rate in Asia Pacific region will be more as compared to European and North American market.

Vertebroplasty & Kyphoplasty Devices Market: Region-wise Outlook

Depending on geographic regions, global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, patient compliance are the reasons for the high demand in North America. Europe has the second largest Vertebroplasty & Kyphoplasty Devices market due to vast technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.

Vertebroplasty & Kyphoplasty Devices Market: Key Players

Some of the key market players in global Vertebroplasty & Kyphoplasty Devices market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc. and SOMATEX to name a few.

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

A Full Report Overview

The report covers exhaustive analysis on:

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

Regional analysis includes

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

Based on surgery type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:

Vertebroplasty
Kyphoplasty

Based on product type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:

Vertebroplasty devices
Needle
Cement mixing and delivery devices
X- ray Device
Kyphoplasty Devices
Balloon
Needle
X- ray Device

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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Lithium and Lithium Ion Battery Electrolyte Market Growth Forecast: USD 16,628.9 million by 2034 Fueled by Government Support and Rising EV Demand

By 2034, the value of the lithium and lithium ion battery electrolyte industry is forecasted to reach USD 17,928.86 million. The industry is expected to be valued at USD 5,281.63 million in 2024. The industry is projected to progress at a CAGR of 12.2% over the forecast period.

The acceleration of the market is a consequence of electric vehicle production getting ramped up. With sustainability trends on the rise, more people are buying electric vehicles, and thus lithium ion battery electrolyte demand is benefiting. Governments smoothing things out for electric vehicle manufacturers with favorable policies is also contributing to the capitulation of the market.

Aside from electric vehicles, other electric appliances too are making extensive use of lithium ion batteries. Electric gadgets like smartphones and digital cameras use lithium ion batteries and their increased sale is benefiting the market. Pacemakers and home security alarm systems are other appliances that make use of lithium ion batteries and contribute to their propulsion.

With the ever-growing power needs of people, energy is being produced in gargantuan quantities. The excess energy needs to be stored and this is where lithium ion batteries are coming in. Lithium ion batteries are also being used for the storage of solar energy.

“Liquid-state lithium ion batteries are the traditional type of batteries and remain the predominant type. However, the bulky nature of liquid batteries is causing end users to turn to solid-state batteries. Thus, the production of solid-state batteries represents a significant opportunity for market players,” says an analyst at FMI.

Key Takeaways from the Lithium and Lithium Ion Battery Electrolyte Market

The lithium and lithium ion battery electrolyte market is anticipated to be worth USD 5,281.63 million in value in 2024.
Liquid is the predominant product form in the market. In 2024, liquid lithium ion battery electrolytes are expected to account for 70.5% of the market share.
China is one of the most promising countries in the market. The CAGR for the market in China is anticipated to be 28.3% over the forecast period.
Japan is another Asian country poised to be a lucrative market and is expected to register a CAGR of 18.7% through 2034.
The market in the United States is expected to register a CAGR of 25.1% over the forecast period.

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Competition Analysis of the Lithium and Lithium Ion Battery Electrolyte Market

The market has a few industry giants that control a significant percentage of the profit share, though there is room for medium and small-scale players. Market players are collaborating with research institutes to develop new products. Some of the prominent companies in the market include Mitsubishi Chemical Corp., Shenzhen Capchem Technology Co Ltd, Shanshan Technology, and Soulbrain MI.

Recent Developments in the Lithium and Lithium Ion Battery Electrolyte Market

In November 2023, the Polish subsidiary of Capchem Technology agreed on a partnership with a German carmaker for the supply of lithium ion battery electrolytes.
In April 2023, Noeogen Chemicals agreed a deal with MU Ionic Solutions (MUIS) for the manufacture of lithium ion batteries.

Key Segmentation

By Form:

Liquid
Solid
Gel

By Product Type:

Lithium Based
Sulfide Based
Polymer Based
Oxide Based
Others

By End Use:

Automotive
Consumer Electronics
Power & Energy
General Industrial

By Region:

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

Read Complete Research: https://www.prnewswire.com/news-releases/lithium-and-lithium-ion-battery-electrolyte-market-to-advance-at-a-12-2-cagr-by-2034-as-electric-vehicle-sales-are-hitting-the-roof–future-market-insights-inc-302184359.html

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Knee Replacement Market Poised for Steady Growth USD 13,143.3 Million with a CAGR of 2.70% Through 2034

The global knee replacement market is projected to exhibit steady growth over the next decade, registering a CAGR of 2.70% during the forecast period of 2024 to 2034. According to recent projections by Future Market Insights, the market will expand from a valuation of USD 10,069.3 million in 2024 to USD 13,143.3 million by 2034.

Key Growth Drivers

Aging Population: The increasing prevalence of age-related joint issues, particularly osteoarthritis, is expected to drive demand for knee replacement procedures.
Technological Innovations: Ongoing advancements in knee replacement technologies, such as robotics and minimally invasive procedures, are enhancing patient outcomes and fueling market growth.
Increasing Awareness: As awareness about knee replacement options and post-surgical improvements in quality of life rises, more patients are opting for these procedures, further driving market expansion.

Market Challenges

Despite this growth, the knee replacement market faces some challenges:

High Costs: The cost of knee replacement surgeries remains high, limiting accessibility in emerging markets.
Long Recovery Times: While improvements have been made in surgical techniques, recovery from knee replacement surgery can still be prolonged, which may hinder growth.

Rising demand for usage of 3D technology is anticipated to significantly drive the revenue growth of knee replacement market.Steady development in the reimbursement scenario coupled with growing government initiatives has led to reduced cost of the knee replacement surgeries, thereby providing beneficial impacts on the growth of knee replacement market. Partial knee replacement procedure is expected to gain significant traction in the forthcoming years owing to growing surgical need for only damaged knee component together with least erosion of the healthy tissues.

Ambulatory surgical centers are anticipated to contribute significantly towards the growth of knee replacement market in the forthcoming years owing on account of low costs associated with the surgery as well as rapidly increasing immediate need in the facility for timely processes without long delays, thereby benefitting in expansion of customer-base. In addition, personalized care offerings by the ambulatory healthcare facilities further drives the demand for ambulatory surgical center

Knee Replacement is the common joint replacement surgery that are undertaken for patients with knee damaging diseases such as osteoarthritis, post-traumatic arthritis or rheumatoid arthritis. The rising number of elderly patients followed by the increasing number of surgeries undertaken is anticipated to grow the global knee replacement market. The surgical procedure of knee replacement is inclusive of various steps taken to implant the artificial device and replacement of the damaged knee. There are many different types of implants – which are made of metal alloys, ceramic material, or strong plastic parts.

Knee replacement is one of the most effective and widely used ways to relieve the knee arthritis pain. Technological advancements in the knee replacement market such as minimal invasive surgery, improved implant materials and their success rates are allowing even the younger population to undergo knee replacement surgery ultimately driving the global knee replacement market significantly. The global knee replacement market is also promoted by the technologies such as 3D printed knee implants which is being manufactured by the U.S. based medical company ConforMIS.

The emerging knee replacement market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with aggressive marketing activities and growing awareness among people.

Knee Replacement Market: Drivers & Restraints

The knee implants market is expected to grow due to several factors such as increasing rate of old-age diseases like osteoporosis, diabetes, obesity, arthritis; ageing population and sports-related injuries. Conversely due to existing and upcoming advance technologies such as minimal invasive surgery and better implant materials are making it more widely accepted even by the younger populace.

Despite of being widely used procedure for curing extremely debilitating diseases, such as osteoarthritis, the global knee replacement market is facing some challenges such as economic slowdown that is preventing the market from growing. Some of the other growth restraining factors of the global knee replacement market can be high surgery cost, increasing competition, increasing number of OEM’s in the market and growing awareness for some non-surgical treatment methods such as exercises, weight loss, walking aids, shoe inserts and pain killer medicines.

Knee Replacement Market : Region-wise Outlook

The knee replacement market is expected to register a favourable growth for the forecast period, 2015?2025. The North America and Europe are projected to endure control on the global knee replacement market followed by Asia and Middle East. Europe and North America are expected to register a double digit growth in forecasted period. The demand for knee replacement surgery devices in surging across Asian regions. The factors contributing to the rising demand in APAC are growing awareness for the possible treatments, increasing number of elderly population and following patients with knee joint afflictions.

The developing regions such as India and China are projected to be potentially growing in global knee replacement market with reference to the increasing demand for knee implant products holding the fact that these procedures and devices, that were considered unaffordable about a decade ago, are within financial reach of India’s and China’s growing middle classes.

Key Players in Knee Replacement Market

Zimmer Biomet
DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
Stryker
Aesculap, Inc.
Conformis
MicroPort Scientific Corporation
Medacta International
Smith & Nephew
Others

Knee Replacement Market by Segments

By Product:

Total Knee Replacement
Partial Knee Replacement
Revision Knee Replacement

By Implant Type:

Fixed Bearing
Mobile Bearing
Others

Based on End User:

Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Automotive Bioplastics Surge: Industry Experts Forecast Revenue Growth to USD 2,103.28 million by 2033

The global automotive bioplastics market value is likely to jump from USD 761.06 million in 2023 to USD 2,103.28 million by 2033. This estimated growth is expected to be driven by a CAGR of 10.7% in the global automotive bioplastics market over the next decade.

Industries like automotive and transport are increasingly using bioplastics to develop automotive parts, thus fueling the market growth. To add to the surging momentum, the market is observing the emergence of new feedstocks like biowaste, algae, and CO2 taken from the atmosphere. This is expected to drive innovations in the product composition and its capabilities.

The market for automotive bioplastics is further driven by new research studies investigating new bioplastics potentialities. Recent research and development efforts by the Institute for Bioplastics and Biocomposites’ (IfBB) researchers at Hannover University of Applied Sciences is a good case. The researchers at the university are developing bioplastics that can endure stresses and high temperatures in the automotive industry.

The project aims to prove that bio-based formulations can be high-performing plastics. The German Federal Ministry of Food and Agriculture backs it. In the run-up to the project, it is reported that bio-based composites are compatible with challenging high-temperature applications with apt refinement and processing.

Key players are collaborating to create new possibilities for brand owners and plastic producers to consider biopolymers as a low-carbon footprint substitute for fossil-based plastics for durable as well as durable applications. The automotive industry is expected to benefit from such improved grades of bioplastics.

The market still needs to be challenged by conventional plastics due to the latter’s reliable feedstock supplies, improved functionalities and subsequent processing, and enhanced economies of scale.

“Increasing interest in bioplastics by automotive manufacturers as they pledge to turn to sustainable processes is expected to favor the uptake of automotive bioplastics in the upcoming years. However, market participants should consider improving the product characteristics, technological processes, feedstock availability, and profit margins to have the upper hand in the market competition,” says analyst at Future Market Insights.

Key Takeaways from the Automotive Bioplastics Market Report:

In 2022, the automotive bioplastics market accounted for US$ 687.5 million.
Europe is anticipated to be a prominent market for automotive bioplastics in the upcoming period.
Australia is emerging as a budding market for automotive bioplastics.
The electric cars segment is projected to have a significant market in the upcoming years.
Bio-based polyamide material is a highly preferred automotive bioplastic.

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Key Developments Taking Place in the Automotive Bioplastics Market

In March 2020, Floreon and Clariant reported about their collaboration to extend its high-performance biopolymer applications to more markets. This development is expected to meet the demanding material requirements and further the potential applications of biopolymers.

Mitsubishi Chemicals created a plant-based bioengineering plastic DURABIO, which obtained two bio-based product certifications in December 2022.

In October 2022, Braskem invested US$ 60 million to extend its capacity of a sugarcane-based bioplastics brand called ‘I’M GREEN’ by up to 30%.

Anellotech reported in August 2022 that it continuously processes its solid plastic waste into olefins utilizing its Plas-TCat catalytic pyrosis technology.

Key Players in the Automotive Bioplastic Market Include

Mitsubishi Chemical Corporation AS
Total Corbion PLA
Teijin Group (1/3)
NatureWorks LLC
Denso Corporation
Solvay Group
Toray Industries Inc.
Evonik Industries AG
Arkema Group
Braskem
Novamount S.P.A.
RTP Company

Automotive Bioplastics Market Research by Category

By Material:

Bio PA
Bio-PTT
Bio PE
Bio PBS
Bio PP
Bio PE

By Vehicle:

Passenger Car
LCV
HCV
Electric Cars

By Application:

Exterior
Interior
Engine Surrounding

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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T: +1-347-918-3531
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Future Market Insights Reveals 8.6% CAGR in Carbon Mold Market Driven by Automotive Sector Demand

The global carbon mold market revenue is anticipated to reach a valuation of USD 304.21 million in 2023 and is projected to accumulate over USD 694.18 million by 2033 while securing a CAGR of 8.6% during the forecast period.

The demand for closed molding composites produced through compression molding is on the rise in various industries, including construction, transportation, and electrical & electronics. These composites are sought after for their superior surface polish and non-corrosive properties, which are essential in these industries. Additionally, composites serve as effective insulators due to their poor heat and cold conductivity. They are further employed in the building sector for panels, doors, and windows, providing additional protection against severe weather conditions.

Closed molding composites such as carbon molds offer numerous advantages over other composites, such as enhanced rigidity, superior electrical conductivity, better temperature performance, higher tensile strength, increased chemical resistance, and reduced weight. These exceptional qualities make them a preferred choice for aerospace and defense applications.

Compared to most woods and metals, composites are lightweight, making them highly attractive for various industries. Advanced composite materials have a long-standing history in the military and aerospace sectors. The military aviation field extensively utilizes composite materials in thermal, chemical, mechanical, and ballistic applications, with a specific focus on fiber-reinforced plastic composites.

The increasing popularity of renewable energy is driving the global demand for carbon molds, particularly in the wind energy industry during the forecast period. The growing need for long and lightweight wind turbine blades presents opportunities for the utilization of carbon fiber composites in this sector.

The widespread implementation of stringent environmental regulations in both developed and developing countries has led to the high adoption of environmentally friendly building materials. Carbon fibers and related composites are favored for their lightweight properties and improved fuel efficiency. Consequently, the luxury and sports car market is experiencing increased demand for activated carbon fibers.

Carbon fiber is extensively utilized in the automotive sector for the production of 3D-printed car parts. This filament enhances the rigidity and strength of the components, making them incredibly powerful. The incorporation of carbon fiber in 3D-printed items is anticipated to result in significantly lighter and more dimensionally stable parts, as the fiber helps prevent shrinking during the cooling process.

Key Takeaways from the Market Study

The market in the United States is expected to expand at a CAGR of 8.5% during the forecast period.
Germany is expected to account for over 25% market share of Europe by 2033.
By material type, carbon fibers are expected to account for over 48% market share by the end of the forecast period.

“Increasing demand for lightweight composite materials from the automotive industry is expected to drive the demand for carbon molds during the forecast period,” comments an FMI analyst.

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Competitive Landscape in the Carbon Mold Market

To meet consumer demands effectively, major market players are collaborating closely with end users. Manufacturers are also offering design and consulting services to customers, aiming to enhance their market position both globally and regionally.

Key Companies Profiled

MDC Mould & Plastic Co, Ltd
DEXCRAFT
Mouldbox
Diversified Plastics, Inc.
Xiamen Fengjin Mold Industry Co., Ltd.
Composite Mouldings Ltd
DC Composites
MCT Carbon
Curley Specialised Mouldings
CF Composites

Some recent developments in the carbon Mold market are:

In September 2022, Solvay unveiled LTM 350, an advanced epoxy prepreg carbon fiber tooling material aimed at providing substantial cost and time savings in the aerospace, industrial, automotive, and race car markets.
In February 2021, Teijin Limited introduced the Tenax BM (beam series) and Tenax PW (power series) brands of carbon fiber intermediate materials, specifically designed for sports applications.
In August 2022, the National Institute for Aviation Research (NIAR) at Wichita State University and Solvay joined forces to establish a manufacturing innovation center.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global carbon mold market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the carbon mold market, the market is segmented on the basis of material type, mold type, application and region.

Carbon Mold Market Key Segments

Material Type

Carbon Fiber
Graphite
Others

Mold Type

Male
Female

Application

Aerospace & Defense
Automotive & Transportation
Electronics
Energy
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa
Emerging Countries

Read Complete Research: https://finance.yahoo.com/news/global-carbon-mold-market-size-133000818.html

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Rising Demand for Perfluoropolyether (PFPE) in Aerospace and Electronics Projects Market Growth of 4.3% Annually Through 2029

The global perfluoropolyether market demand is poised for significant growth, projected to reach approximately USD 758.8 million by the close of 2022 and demonstrating a robust Compound Annual Growth Rate (CAGR) of 4.3% throughout the forecast period spanning 2022 to 2029. This surge is primarily attributed to the escalating demand for perfluoropolyether, particularly in the automotive, chemical, and aerospace sectors, where it serves as a crucial lubricant for applications such as wheel bearings, vacuum pumps, and high-temperature procedures.

According to estimates by FMI, global perfluoropolyether sales are anticipated to soar to USD 1,018.2 million by the culmination of 2029, underscoring the expanding significance of this versatile compound in various industrial applications.

Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

By form, the PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
By product, the linear perfluoropolyether is projected to attain a significant value shares in the perfluoropolyether market. Linear perfluoropolyethers are widely used as lubricants for the superior chemical properties and multiple applications.
In terms of application, aerospace and automotive sectors will continue to account for relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics, and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. Few examples of such manufacturers in the perfluoropolyether market are as follows; The Chemours Company FC, LLC, Klüber Lubrication München SE & Co. KG, Solvay S.A., TOTAL S.A., M&I Materials Ltd, HUSKEY Specialty Lubricants, Daikin Industries Ltd., and NYE Lubricants Inc. and FluoroTech USA among various others.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

Key Segment

By Form

PFPE Oil
PFPE Grease

By Product Type

Linear
Branched

By Application

Automotive
Aerospace
Electronics
Chemical
Others

By Region

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube