Vagus Nerve Stimulator Market Size, Share, Regional Analysis by Key Players | Industry Forecast 2026

Currently, implantable vagus nerve stimulator accounts for a whopping share in the revenue of VNS market. As indicated by a newly published intelligence study by Future Market Insights, the global vagus nerve stimulator market is likely to demonstrate robust year on year revenue growth of more than 9% in 2019.

Driven by a paradigm shift from implantables to non/minimally invasive devices, the vagus nerve stimulator (VNS) landscape is gradually encouraging the growth of transcutaneous VNS to be witnessed over the next couple of decades. Moreover, growing R&D efforts in the integration of next-generation technology to bypass the shortcomings of implantable VNS is likely to shape the future of vagus nerve stimulator marketplace.

  • Of the total global population inflicted by neurological disorders, approximately 50% suffers from an epileptic disorder, research and surveys say.
  • Vagus nerve stimulation is witnessing a rapidly expanding applicability beyond epilepsy, in the recent past.
  • Research uncovers potential efficiency of vagus nerve stimulation in the obesity management of depression patients.
  • Positive outcome of vagus nerve stimulation in treatment-resistant depression and epilepsy surgery indicate promising opportunities approaching in the near future.

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Europe Steals the Limelight, Crossing US$ 100 Million Revenue in 2019

North America currently holds a massive revenue share in the vagus nerve stimulator market, and FMi projects continued dominance of this region over other regional markets in comping years. However, the report forecasts emergence of Europe and Asia Pacific (excluding Japan) as highly attractive territories for key market players in the near future. Europe will reportedly cross the US$ 100 million mark in 2019, reflecting the most lucrative opportunities for vagus nerve stimulator manufacturers.

“At present, Europe and APEJ hold a collective revenue share of over 40% in market, of which the former is gradually moving towards extending its individual market value share up to 1/4th of the global revenue,” explains a senior research analyst at FMI. Adding further, the analyst says, “Favorable regulatory and reimbursement scenario across Europe and relatively easy availability of VNS systems are most prominently driving the growth of vagus nerve stimulator market in Europe. VNS sales in Europe will also benefit from the strong presence of leading industry manufacturers in the region”.

Taxonomical Insights – By Type, Application, and End User

  • By the type of vagus nerve stimulator, implantable stimulator continues to bring in the most of the revenue to market.
  • Epileptic seizures secure the spot of the most sought after application type in vagus nerve stimulator landscape.
  • Hospitals remain the largest end user of vagus nerve stimulator. FMI research indicates that specialty clinics and home care settings are emerging as attractive end user candidates in recent years.

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Thorough competition analysis of vagus nerve stimulator landscape reveals a few important developmental strategies that are ruling the minds of VNS manufacturers at present.

  • Besides geographical expansion, leading players in vagus nerve stimulator market are focusing on the extension of their existing offerings portfolio, according to the report.
  • In an effort to address the challenges to VNS adoption posed by the high price point, companies are now reassessing their pricing strategies for a competitive advantage.
  • A number of companies are also directing their strategic focus on a stronger distribution network.
  • Strategic partnerships with local and regional distributors and retailers hold immense importance for the competitors in VNS landscape.
  • Long-term contractual collaborations with recognized hospitals, research and pathology laboratories, and CROs are emerging as a growing trend among manufacturers of vagus nerve stimulator.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Photorejuvenation Equipment Market Growth, Trends, and Forecast for 2028

According to the latest research by the company, the global photorejuvenation equipment market is anticipated to account for over US$ 3,168 Mn, in terms of value, by 2028 end. The report on photorejuvenation equipment is expected to show significant growth potential with an average Y-o-Y growth rate pegged at 6.4% through 2028.

Advancements in laser technologies over the years have contributed to various applications of cosmetic treatments, contributing to the growth of the global Photorejuvenation Equipment Market. Rising technological advancements with an increasing number of skin problem are anticipated to increase the adoption of photorejuvenation equipment globally. Global Photorejuvenation Equipment Market: Overview & Analysis

Rising incidence of skin problems leads to scarring. Acne causes major physical changes which include permanent scarring. Furthermore, nearly 85% of people aged between 12 and 24 experience acne. The commonly used non-invasive treatment for acne scarring is laser resurfacing. The effectiveness of photorejuvenation equipment are widely accepted in dermatology for the treatment of a variety of cutaneous conditions. Thus, the rising prevalence of such skin problems is triggering the growth of the global photorejuvenation equipment market over the forecast period.

Manufacturers are adopting strategic approaches in order to increase the product reach in the photorejuvenation equipment market. Increasing demand of photorejuvenation equipment for non-invasive photorejuvenation treatments, with frequent product approvals and advancements in photorejuvenation equipment technology, are further boosting the strategic activities like mergers and collaboration agreements among manufacturers and driving the photorejuvenation equipment market growth. Companies operating in the photorejuvenation equipment market are also continuously focusing on increasing the photorejuvenation equipment reach globally. As a result, they are adopting distribution agreements as an expansion strategy to gain maximum revenue share in the global photorejuvenation equipment market. Furthermore, advancements in laser technologies over the years have contributed to various applications of cosmetic treatments, contributing to the growth of the global photorejuvenation equipment market. 

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Increasing healthcare spending is an indicator of improvement in the healthcare setting as a whole. Increase in the budget of hospitals would indicate the use of better quality equipment’s and thus drive the growth of the global photorejuvenation equipment market. According to the IMF, healthcare spending is expected to increase by over 6% yearly, based on the current GDP forecast.

However, high treatment cost and adverse side effects related to the photorejuvenation equipment may hamper the growth of the global photorejuvenation equipment market. Treatment with photorejuvenation equipment, including surgeries and non-invasive treatments, are associated with high costs making them inaccessible to people in the low middle-income groups. Also, non-invasive treatments with photorejuvenation equipment require a series of sessions to achieve the desired result, which results in a high overall cost of the treatment. Furthermore, the duration of treatment, number of sessions and the cost of treatment depend on the area being treated. These factors are directly responsible for dropping the growth of the global photorejuvenation equipment market.

According to the company, the laser equipment segment accounted for over 75% revenue share in the overall photorejuvenation equipment market in 2017. However, the growing popularity of LED and IPL might limit the segment’s growth in the near future. China photorejuvenation equipment market is expected to be the most lucrative market in the global photorejuvenation equipment market during the forecast period.

The company has segmented the global photorejuvenation equipment market into Intense Pulsed Light (IPL) Equipment, Laser Equipment, and LED Equipment. In terms of revenue, the laser equipment segment in photorejuvenation equipment will hold maximum revenue share over the forecast period.

The company’s report tracks some of the key companies operating in the photorejuvenation equipment market, such as Hologic Inc. (Cynosure, Inc.), Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Cutera, Inc., Lutronic Corporation, Beijing Nubway S & T Co., Ltd, and others.

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Reasons to Buy the report

  • We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Esophagoscopes & Gastroscopes Market Competitive Landscape, Strategies, Key Players, Analysis & Forecast 2028

The Market report envelopes an all-in information of the Global Esophagoscope and Gastroscope Market and the nature of the Market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the Global Esophagoscope and Gastroscope Market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Esophagoscope and Gastroscope Market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the Global Esophagoscope and Gastroscope Market.

The COVID -19 pandemic has put forth a demanding situation for players in Esophagoscope and Gastroscope Market. The widespread of the pandemic and the humanitarian toll taken by it is making it challenging for Market players to respond.  This research study provides insights backed by our assessment of earlier emergencies and Market expertise. However, the pandemic is spreading rapidly, and some of the information in this study may become outdated.

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The Esophagoscope and Gastroscope Market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

The Esophagoscope and Gastroscope Market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the Global Esophagoscope and Gastroscope Market.

Prominent players covered in the Global Esophagoscope and Gastroscope Market contain 

  • Shanghai AoHua Photoelectricity Endoscope Co., Ltd.
  • Olympus Corporation
  • Pentax Medical Company Fujifilm Holdings Corp.
  • Karl Storz GmbH & Co. KG

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All the players running in the Global Esophagoscope and Gastroscope Market are elaborated thoroughly in the Esophagoscope and Gastroscope Market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Esophagoscope and Gastroscope Market players.

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The Esophagoscope and Gastroscope Market analyses the following important regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific,
  • Middle East & Africa (MEA)

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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MRI Guided Neurosurgical Ablation Market Strategies & Technology 2028

The global MRI Guided Neurosurgical Ablation Market was at US$ 154 Mn in 2021, and is projected to reach US$ 216.3 Mn by 2028, rising at a CAGR of 5% from 2022 to 2028.

MRI-guided neurosurgical ablation uses MRI guided high intensity laser probe for the ablation of brain cancer cells. The device is designed for the treatment of brain tumors. The probe used in the system kills the target cancer cell leaving its neighbor cells unharmed. The patient undergo a surgery, a small blurr hole is created of the diameter of a pencil drilled through skull. MRI in the procedure is used to guide the probe till the target cell.  The technique involves emission of highly focused thermal energy to coagulate and kill the target cancer cells. The MRI guided procedure occurs in real time so that the procedure only targets the cancer cell and leave the surrounding tissue unharmed. This is technique is used for tissue that are hard to reach region in brain. MRI guided neurosurgical ablation is usually performed in thalamus, insula and basal ganglia of brain. The technique is more useful and the patient is recovered in several days but less days as compared to the open surgery method. MRI guided Neurosurgical ablation device is used in many brain related disorders such as: Radiation resistant tumor, radiation necrosis due to earlier radiation therapy, glioblastoma multiforme, gial tumor, mesial temporal lobe epilepsy and metastatic brain cancer etc.

The procedure includes a catheter in the tumor but, some cases require more than a catheter. More than one catheter is usually used to maximize the volume of tumor that can be ablated. In MRI guidance neurosurgical ablation device MRI is used to map the temperature of the patient’s brain while performing laser ablation. Neurosurgical ablation surgery is touted to have the highest level of accuracy. The small risk of missing target might results in causing bleeding, which can be minimized with the lasers hemostatic properties.

MRI Guided Neurological Ablation Market: Drivers and Restraints

The global MRI guided neurological ablation market is expected to be fueled by the advancement in the global image guided surgery technologies. The key drivers of the market are the increasing cases of brain tumors, growing ageing population, family history of any cancer and the changing lifestyle. As per the Globocan report in 2012, the incidence rate of brain cancer and nervous system cancer is 1.9% globally. The increasing government initiatives to diagnose and treat early stage cancers is also expected to fuel global MRI guided neurological ablation market. The lack of awareness, less experienced professionals, lack of reimbursement and high cost of MRI device due to high cost of liquid helium that used as a coolant in MRI device is expected to hinder the growth of the market.

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MRI Guided Neurological Ablation Market: Segmentation

The MRI guided neurological ablation market is classified on the basis of product type, end user and geography.

Based on product type, the global MRI guided neurological ablation market is segmented into the following:

  • Probe
    • Tip Laser Probe
    • Directional Laser Probe
  • Fixation Ring
  • MRI Scanner
  • Fixation and Transport

Based on end user, the global MRI guided neurological ablation market is segmented into the following:

  • Hospitals
  • Diagnostic Imaging Centers
  • Research Institutes

MRI Guided Neurological Ablation Market: Overview

The ongoing advancement in the imaging technique is expected to drive the market of MRI guided neurological ablation. MRI guided Neurological Ablation system contains probes, fixation rings, MRI scanner and fixation and transport system. Laser probes are of two types directional and tip laser device.  A normal laser prober contains directional fiber from where the beam of laser exit, thermo-couple, CO2 cooling tube and probe shaft. Fixation ring is removal and adjustable. Head fixation ring can be rotated and fixed for a flexible positioning of patients head. Fixation and transport system includes transfer system which is used for positioning patients head to the MRI scanner system and head ring. This device allows the surgeons for easy handling of target cancer cell in the brain and helps avoiding any harmful side effects.  This advancement in in the imaging technique is increasing the usage of these systems for treatment purposes. The increasing trained surgeons and awareness among the patients is expected to increase the growth of the market. The Hospital end user segment is expected to have maximum share in the market and is also expected to remain in with the maximum share.

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MRI Guided Neurological Ablation Market: Regional Overview

Region wise, the global Colonoscopy market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominated the global market for MRI guided neurological ablation due to better experts, better reimbursement and awareness among the common people followed by Europe. The growing adoption of these device by the Neurosurgeons in APEJ is also expected to drive the market.

Market: Key Players

Some of the key players in global MRI guided neurosurgical ablation market Monteris Medical Inc,MRI Interventions and Medtronic.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Disposable Laparoscopic Instruments Market Share, Development forecast to 2028

Future Market Insights (FMI) delivers key insights on the global disposable laparoscopic instruments market in its upcoming outlook titled “Disposable Laparoscopic Instruments Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028”.

In terms of value, the global disposable laparoscopic instruments market is projected to register a healthy CAGR of 5.7% during the forecast period due to various factors, regarding which FMI offers vital insights in detail. Increasing demand for minimally invasive procedures is expected to bolster the overall growth of the disposable laparoscopic instruments market globally.

The global disposable laparoscopic instruments market is segmented on the basis of product type, indication, end use and region. On the basis of product type, the market has been segmented into laparoscopic scissors, laparoscopic hooks, grasping forceps & dissectors, trocars, laparoscopic suction / irrigation devices and others. The trocars product segment is expected to register impressive CAGR of 5.4% during the forecast period.

Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to manoeuvre special disposable laparoscopic instruments to the target area and carry out the surgery.

This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. The use of disposable laparoscopic instruments reduces the risk of infection during surgery.

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Laparoscopic surgery refers to surgical procedures that are performed through one or multiple small incisions, rather than through a larger incision through the abdominal wall. The number of surgeries is increasing across the globe, more then 15–16 million laparoscopic surgeries are performed across the globe. This directly boosts the demand for disposable laparoscopic instruments as they are safe with no chances of infection. However, in the reusable laparoscopic instruments the chances for infection is high as the sterilization process is done manually in individual hospitals.

On the basis of indication, the market is segmented into general surgery, bariatric surgery, colorectal surgery, urology surgery, gynaecologic surgeries and others. Gynaecologic surgeries is expected to dominate the overall disposable laparoscopic instruments market throughout the forecast period. It is expected to witness to have US$ 2,122.7 Mn by 2028 end.

On the basis of end users, the global disposable laparoscopic instruments market is segmented into hospitals, ambulatory surgical centres and specialty clinics. In terms of end use, the hospitals segment is expected to witness high growth during the forecast period.

Reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive therapies and technological advancement are factors expected to drive the global disposable laparoscopic instruments market over the forecast period.

This report covers trends driving the growth of each segment and offers analysis and insights of the potential opportunities offered in the disposable laparoscopic instruments market in all regions of the world.

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North America is expected to dominate the market throughout the forecast period. Foray of leading North American companies into the disposable laparoscopic instruments market over the last few years is a factor expected to boost the overall sale of these devices in the region.

In terms of value, APEJ is expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, increasing patient pool along with increasing geriatric population in APEJ are factors expected to boost the revenue growth of the disposable laparoscopic instruments market in the region.

The key players in the global disposable laparoscopic instruments market include B. Braun Melsungen AG, Medline Industries, Inc., Stryker Corporation, Ackermann Instrumente GmbH, ASFS Medic’s company, Medino GmbH, Péters Surgical, Medtronic, Mediflex Surgical Products and Grena LTD.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Drug Designing Tools Market Demand, Growth, Trends, Share and Forecast Report 2028

The global drug designing tools market is expected to grow from US$ 1,777.3 Mn in 2021 to US$ 5,150.1 Mn by 2028, expanding at a CAGR of 8.7% in terms of revenue during the forecast period (2022-2028). In a new report by Future Market Insights, the global drug designing tools market is tracked in terms of value and is calibrated to obtain the market revenue estimates. The adoption of advanced technologies in drug designing tools and increasing requirement of time- and cost-effective tools are boosting growth of the drug designing tools market. However, infrastructure compatibility is a major problem faced by most organizations and is likely to challenge revenue growth of the global drug designing tools market.

To understand and assess the demand and opportunities in the drug designing tools market, the report is categorically split into four major sections that focus on market analysis by solutions, by application, by end user, and by region.

The section – market analysis by solutions comprehensively analyses the market on the basis of multi databases, virtual screening tools, structure designing/building tools, predictive analytics, model building tools, and other solutions in terms of value for the period 2022-2028. In 2022, the multi databases segment dominated the drug designing tools market, followed by the virtual screening tools segment. The predictive analytics segment is projected to expand at the fastest CAGR of 13.22% over the forecast period in the drug designing tools market in terms of revenue, followed by the virtual screening tools segment.

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The section – market analysis by application, analyses the various applications that use drug designing tools, and the data is provided in terms of value for 2022-2028. The binding site prediction segment is expected to expand at a significant CAGR of 12.75% in terms of value during the forecast period. In terms of market share, the docking segment accounted for a major percentage of the revenue share of the overall market in 2021, and is expected to dominate the drug designing tools market throughout the forecast years, followed by the target prediction segment.

The section – market analysis by end user, analyses various users that use tools in research and development, and the data is provided in terms of value for 2022-2028. The contract research organisations segment is expected to expand at a significant CAGR of 11.99% in terms of value during the forecast period. In terms of market share, the pharmaceutical companies segment accounted for a major percentage of the revenue share of the overall market in 2021, and is expected to dominate the drug designing tools market throughout the forecast years, followed by the biotechnology companies segment.

The section – market analysis by region includes an in-depth country-level analysis of the key regions in the world, namely, North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan, and Middle East & Africa by product type, end user, and countries; and provides market data in terms of value for the forecast period 2022-2028. In 2022, the market in North America dominated the overall global drug designing tools market, followed by the market in Western Europe.

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Key Players:

             

  • Agilent Technologies
  • Schrödinger LLC
  • Biovia Corporation
  • BioSolveIT GmbH
  • ChemAxon
  • Albany Molecular Research Inc.
  • OpenEye Scientific Software Inc.
  • XtalPi Inc.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Ultrasound Conductivity Gels Market Competitive Analysis With Growth Forecast Till 2028

Future Market Insights (FMI) has published a new report on ultrasound conductivity gels. The report has been titled, Ultrasound Conductivity Gels Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment, 2022 – 2028.” The report caters to the numerous needs of the global as well of the regional vendors and presents a distinguishing scenario of the market along with factors such as drivers, inhibitors, prospects, and trends based on the regional as well as the global dynamics.

According to the report, the global market for ultrasound conductivity gel is expected to witness a CAGR of 7.9% from 2022 to 2028. The market was worth US$ 193.8 Mn and is anticipated to touch a valuation of US$ 439.1 Mn by the end of 2028. The market is expected to foresee a stable growth in the coming years along with moderate challenges arising from the substitutes.

The global market for ultrasound conductivity is highly consolidated owing to the presence of a few leading players and their take on collaborations, mergers, acquisitions, partnerships, license agreements, and patent transfer might have a major impact on the vendor landscape of the global ultrasound conductivity gels market. The other leading players operating in the global ultrasound conductivity gels market are Medline Industries Inc., Parker Laboratories, Inc., Compass Health Brands Corp., Cardinal Health, Inc., and ECO-MED Diagnostic Imaging, among several others. These manufacturers are also focusing on decreasing the cost of the gels in order to compete with the inexpensive substitutes.

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Enlarging Application Base to Help in Market Development

Ultrasound is the most commonly employed diagnosis procedure for curing a disease. It is a painless and safe method to examine the internal organs and avoids the use of harmful radiations. Generally, ultrasound scan is recommended for various uses. In urology, ultrasound is utilized for diagnosis of the prostatic and kidney diseases and to diagnose urinary bladder. There is a rise in demand for ultrasound machines designed for specialities such as cardiology and radiology and in the knowledge of the advantages offered by the portable colour ultrasound systems which ultimately increase the demand of ultrasound procedures and use of ultrasound gels.

Moreover, the increasing awareness towards screening for breast cancer and advanced technologies such as echocardiography has evolved into a non-invasive method for imaging has driven the number of ultrasound procedures and boosting the future growth. Other than this, the need for point of care ultrasound scanning in military medication, urgent treatment, and remote care are likely to bolster the demand for ultrasound procedures and also increase the demand for ultrasound gels across the globe.

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Availability of Alternate Products an Ongoing Challenge in the Market

Medical ultrasound gels may be inaccessible or unaffordable in low-resource locations. Consumers and clinicians looking for a low-cost substitute for ultrasound gels. Such an alternative could be a boon in developing countries where radiology budgets are tight but might hinder the global ultrasound conductivity gels market. A gel made from water and corn-starch is low-cost gel can be an acceptable alternative to commercial medical gel in rural areas. The low cost and easy preparation of the corn-starch-based gel make it an attractive coupling medium for use in low-resource settings. The availability of these substitutes is likely to act as a major roadblock in the growth of the market which be overcome in the near future.

Will the availability of substitutes and dearth of skilled personnel pull down the market or will the credibility of the product keep the making growing at a steady pace?

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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T: +1-845-579-5705

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Automotive Turbochargers Market Expectations and Growth Trends Highlighted Until 2031

As per a recent study by ESOMAR-certified firm Future Market Insights (FMI), the global automotive turbochargers market will be valued at US$ 9.6 Bn in 2021, exhibiting robust growth at 8.8% CAGR between 2021 and 2031.

Growth prospects are expected to be positive as automotive turbochargers sales exhibit year on year growth of over 6.5% in 2021. Top players, comprising Garrett Motion (Formerly Honeywell), BorgWarner, IHI, Mitsubishi Heavy Industries account for approximately 85% of the market share.

Tightening restrictions to curb harmful greenhouse gas emissions across various countries, coupled with growing consumer demand for high-performance passenger cars are chief factors fostering sales in the global automotive turbocharger markets.

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E-turbochargers are gaining traction in the automotive industry, thereby encouraging manufacturers to focus on product development and innovations regarding e-turbochargers for their incorporation in hybrid vehicles, which is driving the market growth.

Additionally, increasing adoption of electric and hybrid vehicles in developed countries such as the U.S., the U.K., and Germany, along with growing applications of variable geometry technology in turbochargers is promoting sales in the market.

In developing countries such as China, India, South Korea, and Brazil, automotive turbochargers market growth can be attributed to growing consumer preference for high-performance and fuel-efficient passenger cars, creating lucrative opportunities for leading manufacturers in the market.

Key Takeaways from FMI’s Automotive Turbochargers Market Study

  • In terms of product type, variable geometry technology will remain dominant over the forecast period.
  • Passenger cars will lead the vehicle type segment, accounting for 3/5th of the total sales.
  • The U.S. is anticipated to remain the largest market for automotive turbochargers sales.
  • China will emerge as a lucrative market, owing to tough emission control regulations.
  • Germany will lead the expansion of automotive turbochargers market in Europe throughout the assessment period.
  • South Korea and Japan will account for 6% of the total automotive turbochargers market share.

“Technological advancements in automotive turbochargers that support fuel efficiency and optimal performance, coupled with increasing automotive sales will broaden growth prospects for players operating in the market,” says the FMI analyst.

Competitive Landscape

Garret Advancing Motion (formerly Honeywell), BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co, Eaton Corporation plc, Weifang FuYuan Turbochargers Co., Ltd., Mitsubishi Heavy Industries, Continental AG, and Toyota Industries Corporation are some leading manufacturers operating in the automotive turbochargers market.

As per FMI’s analysis, the global automotive turbochargers market is dominated by top 5 players, including Garret Advancing Motion (formerly Honeywell), BorgWarner Inc., IHI Corporation, Mitsubishi Heavy Industries, and Cummins Inc., accounting for nearly 85% of the market share.

Key players are striving to strengthen their foothold in the market by emphasizing on various inorganic strategies that include site expansion, new product launches, increased research and development, and strategic collaborations. For instance:

  • In May 2021, BorgWarner entered into a global agreement to supply its electronic turbochargers to OEMs for hybrid electric vehicles. This agreement will provide a significant boost to ongoing research and development in the automotive turbochargers market.
  • In June 2021, Cummins Inc announced the expansion of its production facility to two new locations in North Carolina and South Carolina which is expected to be completed by the end of 2021. The expansion will allow the company to remanufacture and develop new turbocharger products, improving cost competitiveness simultaneously.

More Insights on the Automotive Turbochargers Market

In its latest report, FMI offers an unbiased analysis of the global automotive turbochargers market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of fuel type (gasoline and diesel), vehicle type (passenger car, LCV, HCV, agricultural machinery, and construction machinery), product type (wastegate, variable-geometry technology and twin-turbo), sales channel (OEMs and aftermarket), actuator type (hydraulic, pneumonic and electric) and across seven regions. (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Automotive Turbochargers Market by Category

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Agricultural Machinery
  • Construction Machinery

By Product Type:

  • Wastegate
  • Variable-geometry Technology
  • Twin Turbo

By Fuel Type:

  • Gasoline
  • Diesel

By Sales Channel:

  • OEM
  • Aftermarket

By Actuators:

  • Hydraulic
  • Pneumatic
  • Electric

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Key Points Covered in Automotive Turbochargers Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Turbochargers Market and how to Navigate
  • Recommendation on Key Winning Strategies

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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:

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
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Global Solar Invertor Market 2022 Growth, COVID Impact, Trends Analysis Report 2022-FMI

The global solar invertor market is set to reach a valuation of US$ 11 Bn in 2022. Sales in the market are forecast to increase at a 6% CAGR over the forecast period.

Increasing usage of solar panels and renewables energy will augment the growth in the market. Hig adoption of solar invertors in the residential, commercial, and industrial and utilities will continue driving sales in the market.

Over the past years, manufacturers are expanding their product lines with new technological advancement in the invertor technologies. As solar energy utilisation in photovoltaic systems is mostly dependent on the inverter, solar inverters are potentitally beneficial for lowering global warming and greenhouse impact.

“Increasing awareness regarding energy-efficient household equipment, along with stringent regulations pertaining to carbon emissions and energy consumption will drive sales of solar invertors,” says an FMI analyst. 

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Key Takeaways:

  • Based on product type, demand in the central invertors segment will create an absolute dollar opportunity of more than US$ 6.4 Bn over the forecast period.
  • By end-use, the residential segment is forecast to create an absolute dollar opportunity of US$ 4.1 Bn over the assessment period.
  • Total sales in the U.S. market are expected to increase at a 5.2% CAGR through 2032.
  • Japan will emerge as a lucrative pocket, with demand growing at a 6% CAGR over the forecast period.
  • The India solar invertor market will expand at a 7% CAGR through 2032, surpassing a valuation of US$ 827.2 Mn.

Micro invertors are gaining popularity due to heavy usage in most of the applications. Microinverters work in the same way as string inverters, except they are put beneath each solar panel on your roof.

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Competitive Landscape

The solar invertor market is consolidated with leading players holding around 80%-85% of the total market share. These players are likely to invest in new technology development and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include

  • Siemens AG
  • Fimer Group
  • SMA Solar Technology AG
  • Delta Electronics Inc
  • SunPower Corporation
  • Omron Corporation
  • Eaton
  • Emerson Electric Co.
  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Schneider Electric SE

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Each of these microinverters is roughly the size of a router. New electrical rules demand quick solar system shutdown to protect first responders and firemen from excessive voltage when on roofs or maintaining power lines. Microinverters meet these requirements for quick shutdown and have this capacity built into each module.

About Us:

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

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Hammer Mill Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2021-FMI

The size of the world’s hammer mill market, which was approximately US$ 641.3 million in 2021, is projected to rise at a CAGR of 4.3% to US$ 1,016 million by 2032.

Hammer mills are equipment that reduces bulky, mobile materials like rock and mineral ores to minute fragments. Hammer mills are used for a variety of tasks, including grinding grain into coarse flour in farm equipment and in the production of fruit juice, ethanol, paper shredding, and waste management systems.

These devices provide a quick and effective method for processing large quantities of ingredients. They can withstand heavy use and are also incredibly trustworthy. Its use in the food industry is growing as a result of this USP. likely to show encouraging growth.

Hammer mills are suitable for breaking hard, dry materials such as straw, maize cobs, wood chips, and other fibrous materials. They are effective for use in residential areas because of their low vibration and noise levels, but they are also a good investment for commercial applications because of their long life and minimal maintenance needs.

They may be utilized in a broad range of sectors due to their diverse processing capabilities, and the speed can be modified to meet varied materials.

Hammer mills are becoming increasingly popular these days. The primary reason for this is that they are extremely adaptable devices. They may be utilized for a variety of purposes, including the generation of biomass and feed. They are also incredibly efficient and capable of handling a big volume of material.

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“Increased machine utilization and demand for high-quality goods in various sectors, as well as the integration of smart devices into equipment, are driving the expansion of the hammer mill market,” says an FMI analyst.

Key Takeaways:

  • At a CAGR of 5.8%, the fastest-growing product type is Pneumatic Discharge from 2022 to 2032.
  • From 2017 to 2021, the market for Hammer Mill increased at 3.4% CAGR and is expected to grow by 4.3% in 2022
  • Over the forecast period, the hammer mill market in Germany is projected to grow at a significant CAGR of 3.9%.
  • Over the forecast period, the hammer mill market in the agriculture sector is projected to grow at a significant CAGR of 4.2%.
  • By Sales Channel, OEM is set to account for more than 95% of the global market
  • By 2032, East is estimated to have the largest share of the global market, accounting for more than 48%.

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hammer mill designs are available in the market, each with its unique set of benefits. They are great for use in residential areas because of their low vibration and noise levels, but they are also a good investment for commercial applications because of their durability and minimal maintenance needs. They are utilized in a broad range of sectors due to their diverse processing capabilities, and the speed can be modified to process varied materials.

Hammer mills are extremely adaptable devices. They are utilized for a variety of purposes, including the generation of biomass and feed. They are also efficient and capable of handling large volumes of material.

Therefore, hammer mills are increasingly being installed in plants, amid growing worries regarding renewable energy sources. Finding stable energy sources is becoming challenging, which is why many businesses are seeking for methods to improve their efficiency.

Multipurpose hammer mills are versatile grinders that can grind a variety of dry, free-flowing materials. These hammer mills were created to meet the requirements of villagers who are trying to tackle the problem of excessive agricultural waste. The necessary equipment is basic, affordable, and straightforward to use. It can be used for various raw materials such as animal and poultry feed, chemicals, food products, spices, and dry soaps.

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Hammer mills are suitable for breaking hard, dry materials such as straw,maize cobs, wood chips, and other fibrous materials. They are effective foruse in residential areas because of their low vibration and noise levels, butthey are also a good investment for commercial applications because of theirlong life and minimal maintenance needs. They may be utilized in a broad rangeof sectors due to their diverse processing capabilities, and the speed can bemodified to meet varied materials. Hammer mills are becoming increasingly popular these days. The primary reasonfor this is that they are extremely adaptable devices. They may be utilizedfor a variety of purposes, including the generation of biomass and feed. Theyare also incredibly efficient and capable of handling a big volume ofmaterial.

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Competitive landscape

The demand for low noise, impact-full hammer mill is compelling manufacturers to invest in research and development to gain a competitive edge in the market.

Hammer mill manufacturers are also striving to integrate advanced technologies and are striving to provide hammer mill at a very competitive price. Fors instance:

  • In May, Andritz launched a new recycling shredder, ADuro product line for processing primary and secondary shredding and breaking.

Some of the key hammer mill manufacturers included in the report are Andritz, Sandvik AB, Manfredini & Schianchi Srl, Prater Industries, Kurimoto Group, Hosowaka Micron Corporation, Rasa Corporation, Lehra Fuel Tech Pvt Ltd, Perkin Elmer, Kahl & Schlichterle, Schenck Process Holding Ltd Gmbh, Gebr Bellmer Gmbh Maschinenfabrik and Doppstadt.

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
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Dubai
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