In Demand Hot Chamber Between 2022 and 2032, Die Casting Machines Will Expand At A CAGR Of 5%: FMI

The market for hot chamber die casting equipment is anticipated to reach US$ 1,012.3 million in 2022. Due to increasing end-user growth, including in the automotive industry, and exceptional qualities like low-cost runs and best-in-class finishing, the product is renowned for expelling casts in the required format from the molten feed. Hot chamber die casting machines are expected to see a total market demand of US$ 1,648.5 Million by 2032, growing at a CAGR of 5% between 2022 and 2032.

Using a hot chamber dies casting machine, molten metal is injected into the moulds, or dies, under extremely high pressure to create highly precise engineering die cast products. These moulds are used to create intricate shapes with a high level of accuracy, consistency, and repeatability. The process produces a shape with textured and smooth surfaces, consistent dimensions, and sharp, well-defined edges.

The majority of the volume produced by a hot chamber die casting machine is metal, and it can produce both simple and complex parts for items ranging from toys to automobiles. A hot chamber dies casting machine uses the technique of applying intense pressure to force molten metal into a mould cavity. Dies are two-part objects that can be used repeatedly.

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When the metal sufficiently solidifies the actual casting is exposed by opening the two parts of the die. After that casting is removed from the die then further operation is performed to give the final and finished shape to it. Generally, a hot chamber dies casting machine is used for casting metal having a low or medium melting point.

Metals having a high melting point are cast with the help of a cold chamber die casting machine. Hot chamber dies casting machines make the process efficient and economical by providing a wide range of shapes. Shapes can be easily reproduced according to the demand with dimensional accuracy and stability.

Components of the hot chamber die casting machine includes a strong casting platen, control system, centralized automatic toggle lubrication system, motor-driven pump pipe, piston, and injection system.

Hot Chamber Die Casting Machine Global Market dynamics

A hot chamber dies casting machine is used for fast cyclic production which reduces the cost, time and energy involved in the process and is intricate with every detail of the cast. Furthermore, the hot chamber die casting machine reduces porosity and it works at a low melting point because this die casting has a longer life, which makes them more suitable for casting purposes than any other machine.

This is driving the global market for hot chamber die casting machines in the estimated period. The advanced hot chamber die casting machine is provided with the features of a durable clamping unit, HSS blushing, alloy plus strong casting platen, control system with compact logic PLC, large touch screen, centralized system with longer life and reduced maintenance, motor-driven pump with higher efficiency.

more flexible multi-short piston and an injecting system with multiple speed control and these new features are forcing the consumer to replace their convectional Hot Chamber Die Casting Machine with a more advanced one. Hot chamber dies casting machines are prominently used in the automotive industry, instrumentations and 3 Cs industry (Computer, Communication & Consumer Electronics).

The growth of vehicles across the globe is estimated to boost the hot chamber die casting machine global market. Advancements in the instrumentation industry will further help the hot die casting chamber machine penetrate in the global market.

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Hot Chamber Die Casting Machine Global Market: Regional Outlook

Industrialization in Europe and North America has increased the demand for industrial instruments in this region which in turn is estimated to accelerate the hot chamber die casting machine market. Die casting is used to make a large variety of cast alloy parts in different shapes and sizes having large numbers of applications.

Being one of the most efficient die casting machines which can produce large volumes of castings in a small period having extreme preciseness and repeatability. The flexibility of casting sizes, product types and infinite possibility of shapes makes Hot Chamber Die Casting Machine the preferred process for a wide variety of industries. Hot Chamber Die Casting Machine offers a large number of advantages such as very precise repeatability, less porosity, high tolerances power, textured & smooth surfaces and sharply defined parts.

All these features are increasing the inclination of the consumer towards hot chamber die casting machines in the global market. Economic growth and the presence of high disposable income in the countries like India and China in the Asia Pacific region are increasing the demand for automobiles and this is propelling the hot chamber die casting machine market in this region. Emerging countries of Middle East Africa are propelling the boosting for industrial instruments which are produced and processed by using hot chamber die casting machine.

Hot Chamber Die Casting Machine Global Market: Key Players

Key players in the global market of Hot Chamber Die Casting Machine are:

  • Jiaxing Xiuzhou Wangdian Dajian Equipment
  • Teknomec
  • Suzhou Sanji Die-Casting Automation System Co.
  • Frech
  • Buhler AG
  • UBE Machinery INC.
  • TOSHIBA MACHINE CO., LTD
  • Buhler AG
  • TOYO MACHINERY & METAL CO.,LTD.
  • Bezel Impex Private Limited.

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

The report covers exhaustive analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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.

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Hot Chamber Die Casting Machine Global Market segmentation

The Hot Chamber Die Casting Machine market can be segmented on the basis of type of product type, operation type and end use-

The Hot Chamber Die Casting Machine market can be segmented on the basis of product type as:

  • Hybrid Hot Chamber Die Casting Machine
  • Magnesium Hot Chamber Die Casting Machine
  • Zinc Hot Chamber Die Casting Machine
  • Electric Hot Chamber Die Casting Machine

The Hot Chamber Die Casting Machine market can be segmented on the basis of operation type as:

  • Fully-Automatic
  • Semi-Automatic
  • Manual

The Hot Chamber Die Casting Machine market can be segmented on the basis of end use as:

  • Automotive Industry
  • 3 Cs Industry ( Computer, Communication & Consumer Electronics)
  • Instrumentation
  • Others

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According To Future Market Insights, Electronic Equipment Repair Service Market Will Reach US$ 228.2 Billion By 2032.

According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 121.2 Bn in 2022. It is estimated to witness an impressive CAGR of 6.5% through these years.

With the improving economic conditions and development of worldwide electricity network systems, there has been a significant increase in the volume of electronic devices and appliances. The amount of electronic device repair services has also surged along with it, making it an attractive business around the world.

Industrial automation in various sectors has also increased the demand for electronic equipment that is prone to frequent malfunctions and breakdowns. Industrial electronic equipment repair service is anticipated to augment the market size further along with the introduction of the fourth industrial revolution or IR 4.0 during the forecast years.

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Portable smart devices with an internet connection have become an essential part of any modern-day individual. So many electronic device repair facilities have emerged in local markets. In this regard, the market for electronic equipment repair services is expected to experience huge growth with the institutionalization of such facilities.

The report also analyses the market survey obtained during the Covid-19 pandemic, which had a severe impact on the growth of the market system providing services for fixing electronic devices. It has been observed that the growth rate dipped down from 7.8% recorded during the years 2015 to 2021.

Leading Companies Profiled in Electronic Equipment Repair Service Market are:

  • Encompass Supply Chain Solutions Inc
  • uBreakiFix
  • iCracked Inc
  • Moduslink Global Solutions
  • Mendtronix Inc.

“In recent, there has been a rise in the volume of refurbished electronic devices and gadgets over the e-commerce platforms. Opening up of such new business opportunities is expected to further boost the demand for electronic equipment repair service market in the coming days.”

With the growth in electronic manufacturing companies in South East Asian countries, the availability of cheap electronic devices has increased in the local markets all across the Middle-income countries.

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This factor is anticipated to have some negative impacts on the electronic equipment repair warranty services as per the market analysis report.

Key Takeaways

  • Over the forecast period of 2022 to 2032, the global electronic equipment repair service market share is expected to observe an absolute dollar growth of US$ 107 Bn and reach a valuation of US$ 228.2 Bn.
  • As per the market analysis report, consumer electronics is the most attractive segment for the electronic equipment repair service market that is predicted to witness a growth rate of 7.1% over the forecast years.
  • Among the different geographical regions, Europe is the leading market for fixing electronic devices with an expected to be valued at around US$ 68.6 Bn, recording a CAGR of 6.5% during the forecast period.
  • Asia Pacific countries are emerging as new leaders in the residential electronic equipment market owing to the highest growth rate of China, which is expected to reach a valuation of nearly US$ 25.2 Bn by the end of the year 2032.
  • The American electronic equipment repair service market was estimated to be valued at US$ 13.9 Bn in the year 2021 and is expected to grow at a CAGR of 6.5% through the forecast years.

Key Segments

By Product Type:

  • Consumer Electronics
  • Computer Related Products
  • Others

By Region:

  • North America
  • South America
  • Europe
  • The Asia Pacific
  • Middle East & Africa

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Competitive Landscape

Leading players in Electronic Equipment Repair Service Market are Encompass Supply Chain Solutions Inc, uBreakiFix, iCracked Inc, Moduslink Global Solutions, and Mendtronix Inc.

Electronic appliances manufacturing companies are enthusiastically providing repair service warranty services for their customers these days. The adoption of such business models has made the American electronic equipment repair service market highly competitive.

Long-term agreements of industrial electronic equipment repair service companies with various established industries are the major strategy adopted by top companies.

Collaboration with hospitals for providing healthcare medical device repair services is also turning out to be a remunerative option for some market players these days.

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By 2032, Desiccant Wheel Market Is Anticipated To Reach US$ 708.4 Million: FMI

During the forecast period, the desiccant wheel market is anticipated to register a CAGR of 5.1 percent (2022 – 2032). The market for desiccant wheels is anticipated to be worth US$ 431.5 million in 2022 and US$ 708.4 million by 2032.

As per the desiccant wheel market study, because of growing carbon dioxide levels and rising atmospheric temperatures, the general humidity content of the atmosphere has altered dramatically during the last few decades.

Desiccant dehumidifiers have demonstrated their ability to be significantly more effective and faster than compressor-based dehumidifiers, boosting the desiccant wheel market share. Furthermore, growing electricity costs and the portability of desiccant dehumidifiers are expected to boost global demand for desiccant wheels.

The rapid expansion rate in infrastructure displayed by a large number of industry verticals around the world is the primary driver of the global desiccant wheel market. Several companies in the electronics, pharmaceuticals, chemicals, food and beverage, and other sectors are exclusively presenting a tremendous increase in demand and infrastructure development.

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In the anticipated period, the rise of these industries resulted in a significant demand for desiccant wheels. Desiccant wheels can also absorb atmospheric moisture in considerably shorter periods of time, which has boosted the global desiccant wheel market.

Chemicals, pharmaceuticals, food, and beverage industries, for example, require carefully controlled atmospheric conditions in their manufacturing areas. Because many of the items made in these verticals are hygroscopic in nature, they can quickly collect moisture from the air. This increased moisture or humidity could have a negative impact on the manufacturing process or the finished product.

To avert this catastrophe, enterprises use dehumidification techniques in close proximity. The usage of desiccant wheels to control humidity levels in the aforementioned industries is one of the most successful and cost-effective approaches, which is the key driver of the desiccant wheel market.

For sustaining regulatory criteria connected with relative humidity (RH) levels in production infrastructures, desiccant wheels are in high demand from a variety of industry verticals such as food & drinks, chemicals, and pharmaceuticals.

The desiccant wheel market adoption trends are projected to gain global appeal in the next years due to lower electricity costs and the portability of desiccant dehumidifiers. Furthermore, when it comes to extracting moisture in short time spans, desiccant dehumidifiers have proven to be far more successful than compressor-based dehumidifiers.

Food and beverage, pharmaceutical, chemical, and electronics industries, among others, have had promising expansion in recent years. All of the aforementioned industries are subject to stringent government controls.

These businesses make considerable use of desiccant wheels for moisture control in order to attain the allowable humidity level. Other dehumidification technologies, such as thermal wheels and compressor-driven dehumidifiers, have a number of advantages over desiccant wheels.

In addition, after the moisture from the desiccant has been removed, the desiccant wheel can be reused. As a result, the overall operating cost is reduced, making this technology suitable for a variety of businesses. The desiccant wheel market is predicted to grow in lockstep with the rest of the industry in the coming years.

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Key Takeaways

  • In recent years, the pharmaceutical and chemical industries have used desiccant wheels for dehumidification, helping the North American desiccant wheels market to stay ahead of other regional markets.
  • Silica Gel, one of the report’s sectors, is expected to rise at a CAGR of 4.8 percent over the forecast period.
  • The US desiccant wheel market size is expected to reach a valuation of US$ 177.3 Mn by 2032.
  • The top application for the desiccant wheel market is pharmaceutical, which is anticipated to rise at a growth rate of 4.5% over the analysis period.

Competitive Landscape

Airxchange Inc., FlaktGroup, Munters AB, Trane, Inc., Proflute AB, DRI Inc., Rotor Source, Greenheck Fan Corporation, and Novelion Therapeutics, Inc. are some of the major players in the global desiccant wheel market.

The desiccant wheel market is highly fragmented, with numerous desiccant wheel manufacturers. These businesses endure fierce competition and must keep up with current market events in order to maintain their market position. One of the principal techniques used by market leaders to maintain their dominance is to form strategic alliances with end-use industries for supply.

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Anechoic Chamber Market Sales are anticipated to reach USD 2 Bn by 2032, growing at a CAGR of 21.7%.

Another salient factor contributing to the market expansion is the increasing need for testing electronics. Moreover, the growing demand for anechoic chambers for electromagnetic compatibility pre-compliance testing and the rising application of industry-specific customized anechoic chambers are other vital factors bolstering the industry in the forecast period.

On the contrary, increasing incidents of errors and high expenses involved in electromagnetic compatibility testing are expected to hinder the market growth in the forecast period. Also, increased lead time for overseas qualification assessment is another cause likely to hamper the industry growth in the coming time. However, the emergence of 5G technology and the growth of hybrid as well as electric vehicles have been projected as the upcoming trend in the market during the forecast period.

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List Of Key Players Covered in Anechoic Chamber Market are:

  • ESCO TECHNOLOGIES
  • TDK CORPORATION
  • MICROWAVE VISION GROUP
  • FRANCONIA GROUP
  • ECKEL INDUSTRIES

Key Takeaways:

  • The global anechoic chamber market to value USD 1.2 Bn in 2021
  • The global anechoic chamber market to expand at 21.7% during the forecast period
  • The global anechoic chamber market to procure USD 2 Bn
  • IT & Telecommunication to expand at a 4% growth rate
  • The US market to garner 700 Mn while recording a 3.5% CAGR during the forecast period

“Ongoing efforts for the development and commercialization of 5G technology across the globe is anticipated to be the major contributor to market expansion. Such efforts by various nations are offering various opportunities for the chamber since it is used for testing 5G testing transmission antennas through EMI/ RF/ EMC testing,” says an FMI analyst.

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Competitive Landscape

Key players in the global anechoic chamber market ESCO TECHNOLOGIES, TDK CORPORATION, MICROWAVE VISION GROUP, FRANCONIA GROUP, and ECKEL INDUSTRIES, among others.

Recent developments among players are:

  • In January 2022, Audio-Technica Fukui Co., a Japanese company, disclosed its electromagnetic anechoic chambers which would measure the radio waves emitted by devices like wireless earphones and microphones at very high precision so that the company could be sure about their compliance with each country’s different radio emission standards.
  • In 2020, Mphasis, an IT solution provider specializing in cloud and cognitive services, announced the opening of a state-of-the-art Hi-Tech Wireless Chamber in Banglore, India. The chamber is equipped with Radio Frequency Shielding for IoT, Wi-Fi, and 5G, allowing Mphasis to deliver advanced testing and certification services for these technologies.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global anechoic chamber market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (semi anechoic chamber, full anechoic chamber) and application (automotive, military and defense, it and telecommunications, consumer appliances and electronics, medical, others), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

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Detailed Table of Content:

  • Executive Summary
    • Global Market Outlook
    • Summary of Statistics
    • Key Market Characteristics & Attributes
    • Fact.MR Analysis and Recommendations
  • Market Overview
    • Market Coverage / Taxonomy
    • Market Definition / Scope / Limitations
  • Market Risks and Trends Assessment 
    • Risk Assessment
      • COVID-19 Crisis and Impact on Anechoic Chamber Demand
      • COVID-19 Impact Benchmark with Previous Crisis
      • Impact on Market Value (US$ Mn)
      • Assessment by Key Countries
      • Assessment by Key Market Segments
      • Action Points and Recommendation for Suppliers
    • Key Trends Impacting the Market
    • Formulation and Product Development Trends
  • Market Background and Foundation Data Points 
    • Global Protective Coatings Market (US$ Mn)
    • Anechoic Chamber Market Opportunity Assessment (US$ Mn)
      • Total Available Market
      • Serviceable Addressable Market
      • Serviceable Obtainable Market
    • Market Scenario Forecast
      • Demand in optimistic Scenario
      • Demand in Likely Scenario
      • Demand in Conservative Scenario
    • Investment Feasibility Analysis
      • Investment in Established Markets
        • In Short Term
        • In Long Term
      • Investment in Emerging Markets
        • In Short Term
        • In Long Term
    • Forecast Factors – Relevance & Impact
      • Top Companies Historical Growth
      • Global Protective Coatings Market Growth
      • Anechoic Chamber Adoption Rate, By Country
    • Market Dynamics
      • Market Driving Factors and Impact Assessment
      • Prominent Market Challenges and Impact Assessment
      • Anechoic Chamber Market Opportunities
      • Prominent Trends in the Global Market & Their Impact Assessment
  • Key Success Factors 
    • Manufacturers’ Focus on Low Penetration High Growth Markets
    • Banking on with Segments High Incremental Opportunity
    • Peer Benchmarking

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Medical Cleaning Devices Market size is anticipated to be valued at about US$ 58.5 Billion by 2032 end

[342 Pages Report] The global Medical Cleaning Devices market is set to witness an impressive growth rate of 10.5% over the forecasted years of 2022 to 2032. The medical cleaning devices market size is anticipated to reach a valuation of around US$ 58.5 Billion by the end of year 2032 from the current valuation of US$ 21.5 Billion in 2022.

The global medical cleaning devices market is expanding as a result of an increase in surgical operations and the incidence of chronic illnesses around all economies of the world. Ultrasonic cleaners, automated washers, and manual hand washing are the three most often utilised cleaning techniques for medical equipment.

Finding heat sterilization alternatives has become necessary as surgical equipment made of materials other than stainless steel have been introduced. The need for modern sterilization equipment is rising due to trends of creating a central sterile services department or the Sterile Processing Department in order to reduce the amount of time and money needed in the procedure.

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Furthermore, profitable growth is anticipated for the market as in addition to sterilizing medical equipment, microorganisms are also eliminated. In medical settings, steam and EtO sterilization are the most often used sterilization techniques.

Akin to how single-use devices have become more popular, critical devices category no longer require as much cleaning, disinfection, and sterilization, which is expected to impede demand for medical cleaning devices in the global market to some degrees.

Key Takeaways from Market Study

  • The overall growth of the global medical cleaning devices market is estimated to be around US$ 37 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 10.5%.
  • Disinfection category is the most lucrative among all the technique segments provided by the global market players that acquires more than 50% of the business.
  • Among the different types of medical devices, semi-critical devices requires the most amount of cleaning making it the largest segment with a share of more than 46%.
  • North America is the dominating market with an overall share of nearly 34% as recorded by the global medical cleaning devices market survey report for the year 2021.
  • Contrastingly, Asia Pacific holds the highest growth potential owing to its rapidly expanding healthcare infrastructure and improving standard of living.

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Competitive Landscape

Some of the well-known global medical cleaning devices market players are Steris plc, GetingeAB, Advanced Sterilization Products, The Ruhof Corp., Sklar Surgical Instruments, Sterigenics International LLC, Biotrol, Metrex Research, LLC, Oro Clean Chemie AG, Cantel Medical Corp., Ecolab, and 3M among others.

Manufacturers will profit from terminal sterilization while boosting the efficacy and adoption of medical cleaning devices services, which is projected to accelerate in the near future. This technique is anticipated to increase patient safety and reduce hospital expenses as well.

Recent Developments in the Global Medical Cleaning Devices Market:

  • Metrex developed surface disinfectant wipes 2.0 CaviWipes in April 2021. These wipes are fully approved for the Emerging Viral Pathogen Claim EPA’s and are effective against 42 diseases, including SARS-CoV-2.
  • The largest group for infection prevention and control (IPC) specialists is the Association for Experts in Infection Control and Epidemiology (APIC) that also formed a strategic partnership with Metrex Research, LLC in August 2021. The APIC Strategic Partnership program fosters enduring relationships with business partners that share the objective of reducing infection risk.

Global Medical cleaning devices market by Segmentation

By Device:

  • Non-critical
  • Semi-critical
  • Critical

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By Technique:

  • Cleaning
    • Detergents
    • Buffers
    • Chelators
    • Enzymes
    • Others
  • Disinfection
    • Chemical
      • Alcohol
      • Chlorine & Chorine Compounds
      • Aldehydes
      • Phenolics
    • Metal
    • Ultraviolet
    • Others
  • Sterilization
    • Heat Sterilization
    • Ethylene Dioxide (ETO) Sterilization
    • Radiation Sterilization

By EPA Classification:

  • High Level
  • Intermediate Level
  • Low Level

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Dissolving Microneedles Market is estimated to touch a valuation of US$ 40.22 Million in 2022

[226 Pages Report] As per Future Market Insights’ latest industry analysis, the global dissolving microneedles market is estimated to reach US$ 40.22 Mn in 2022 and is further expected to grow at a CAGR of close to 9.5% over the forecast period, totaling around US$ 99.24 Mn by 2032.

Microneedles have been and continue to be a focus of research for a variety of medicinal purposes. Research on dissolving microneedles is expanding quickly, both in academic institutions and in many therapeutic clinical applications. Till December 2021, ten clinical trials employing dissolving microneedles were conducted.

Clinical trials for dissolving microneedles concentrate on their therapeutic application for cosmetics, anti-infectives (mostly vaccines), cancer, and skin diseases. Thus, strong product pipeline of dissolving microneedles for numerous applications is anticipated to drive market growth for dissolving microneedles.

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Furthermore, the emergence of dissolving microneedles as a better alternative to hypodermic needles for vaccination as well as for cosmetic application is boosting the demand for dissolving microneedles. Instead of using a hypodermic needle, administering vaccines with a small patch coated in several soluble microscopic needles may result in safer, more effective vaccinations that anybody may administer.

Needles used for hypodermic injections are regarded as biomedical waste and have to be disposed off in designated containers. The needles in the patch disappear into the body as soon as it is placed into the skin, leaving only the backing, which dissolves in water.

The reusing of needles, which occurs in areas with inadequate medical facilities, would be halted by the dissolving microneedle patches. The cost of the dissolving microneedle patches would be the same as that of traditional needles and syringes.

Additionally, dissolving microneedles can offer strong market potential with on-the-go and easy-to-use/administer dosage form in a minimally invasive manner. Also, there are a significant number of patients that are needle phobic, which makes the administration of vaccines difficult. Hence, there is significant demand for minimally invasive drug delivery systems like transdermal delivery of drugs.

Key Takeaways from Market Study

  • By application, the wrinkle treatment segment holds approximately 5% market value share in 2021 and it is likely to grow at the highest CAGR over the forecast period.
  • Based on distribution channel, online stores are projected to capture around 4% of the global market value by 2032.
  • With rapidly expanding healthcare industry, Europe held a value share of around 7% of the global dissolving microneedles market in 2021.
  • The dissolving microneedles market in South Korea is poised to grow at 7% during the forecast period.
  • Germany’s dissolving microneedles market is projected to display a growth rate of 1% between 2022 and 2032.

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“Rising number of needle-phobic population, increasing demand for dissolving microneedles for diagnosis and monitoring, and strong product pipeline for diverse applications are set to propel the demand of dissolving microneedles across the globe,” says an analyst of future market insights.

Market Competition

Major market players are constantly focusing on adopting strategies such as acquisitions, partnerships, capacity expansion, and strengthening their product portfolios and distribution networks to expand their global footprint as well as to improve their market share. For instance,

  • In February 2019, CosMED Pharmaceutical doubled its microneedle production capacity to increase cosmetics product manufacturing.
  • In August 2020, Nissha Co., Ltd. acquired ISO 22716 certification for its global headquarters for manufacturing and quality management of cosmetics products.
  • In October 2021, Vaxess Technologies announced the grand opening of a GMP manufacturing facility. Vaxess is focused on developing a pipeline of MIMIX therapies.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the dissolving microneedles market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.The global dissolving microneedles market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The dissolving microneedles market is segmented into three parts based on the application (wrinkle treatment and acne treatment), and distribution channels (retail stores, supermarkets & hypermarkets, online stores and aesthetic/cosmetic clinics), across seven key regions of the world.

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Key Players :

  • CosMED Pharmaceutical Co.Ltd.
  • Micron Biomedical, Inc.
  • Raphas Co., Ltd
  • Nissha Co., Ltd
  • Micropoint Technologies
  • Small Lab
  • Vice Reversa
  • NINGBO CHIMED TECHNOLOGY CO., LTD
  • Vaxess Technologies, Inc.
  • QuadMedicine

Key Market Segments Covered In Dissolving Microneedles Industry Research

By Application:

  • Wrinkle Treatment
  • Acne Treatment

By Distribution Channel:

  • Retail Stores
  • Supermarkets & Hypermarkets
  • Online Stores
  • Aesthetic/cosmetic clinics

About FMI:

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

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Ligament Augmentation Market is projected to rise at a CAGR of 5.8% between 2022 and 2032

[263 Pages Report] As per the Future Market Insights’ latest industry analysis, the global ligament augmentation market is set to grow from US$ 41.0 Mn in 2021 to US$ 76.3 Mn by 2032, expanding at a CAGR of 5.8% over the forecast period.

One of the body’s strongest ligaments, the anterior cruciate ligament (ACL) in the knee, is frequently the target of traumatic injuries. Unfortunately, it has a limited capacity for healing, and surgical methods for replacing it are typically accompanied by medical problems. As a result, people opt for ligament augmentation.

Ligament augmentation promotes the healing of these traumatic injuries, and thus, has gained traction in terms of adoption across the globe.

According to a 21-year population study on the incidence of Anterior Cruciate Ligament Tears (ACL) and Reconstruction published by the American Journal of Sports Medicine (2016), high-pivot sporting activities can cause an anterior cruciate ligament (ACL) rupture, with an annual incidence of 68.6 per 100,000 persons. Due to the higher volumes of sports-related activities and accompanying reported injuries, teenagers and young adults make up the majority of those affected by ACL injuries worldwide.

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Treatment options for ACL injuries range from non-surgical treatments to a number of surgical techniques, such as autografts or allografts made from the quadriceps tendon, hamstring tendons, or the gold-standard bone-patellar tendon-bone (BPTB). With the growing adoption of artificial tendons and ligaments, and rising research activities for the development of biological grafts, the market for ligament augmentation has witnessed an advancement in growth during the past decade.

Similarly, with expanding healthcare infrastructure around the globe, as well as the growing number of research based upon graft construction using biological and synthetic methods on animal model assessments, the market for ligament augmentation is expected to accelerate at a steady pace over the next ten years.

Key Takeaways from Ligament Augmentation Market Study

  • By product, artificial tendons & ligaments segment held approximately 4% market value share in 2021 and it is likely to grow at 6.2% CAGR through 2032.
  • Based on end user, hospitals segment is projected to grow at 1% CAGR during the forecast period.
  • With presence of trained medical professionals and technologically advanced devices, North America accounts for around 9% of the global ligament augmentation market.
  • European market for ligament augmentation is set to grow at a CAGR of5% during the assessment period.
  • The U.S. will continue to dominate the North American ligament augmentation market, accounting for around 92% share in 2021.

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Who is Winning?

Key players employ several strategies for enabling advanced surgical devices and techniques for operating room connectivity. They are focusing on developing new products to expand their portfolios. For instance,

  • In September 2021, Stryker’s Trauma & Extremities division launched the CitrelockTM Tendon Fixation Device System.
  • In May 2021, CorinConnect, the Corin Group’s cloud-based digital ecosystem, updated itself for surgeons to access important analytical data gathered along the orthopaedic journey, providing surgeons with cutting-edge insights for both hip and knee replacement, and enabling them to make more educated choices that will eventually lead to better patient outcomes.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the ligament augmentation devices in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global ligament augmentation market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The ligament augmentation market is segmented into three parts based on the product– (artificial tendons & ligaments ligament augmentation devices) and end user (hospitals, ambulatory surgical centres, speciality surgical centres and academic & research institutes), across seven key regions of the world.

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Key Players :

  • Stryker Corporation
  • Arthrex,
  • Corin Group; Xiros Ltd (Neoligament)
  • Mathys AG Bettlach,
  • Orthomed S.A.S,
  • Zimmer Biomet.

Key Market Segments Covered in the Ligament Augmentation Industry Research

By Product:

  • Artificial Tendons & Ligaments
  • Ligament Augmentation Devices

By End User:

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialty Surgical Centres
  • Academic & Research Institutes

About FMI:

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

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Therapeutic Drug Monitoring Market to Witness Impressing Growth with a Steady CAGR of 9.7% During Forecast Years (2022-2032)

The therapeutic drug monitoring market is anticipated to witness an opulent growth with a phenomenal CAGR of 9.7% during the forecast period, up from US$ 1.5 Billion in 2020 to reach a valuation of US$ 2.9 Billion by 2026.

Due to a reasonable surge in organ transplant surgeries, the sales of therapeutic drug monitoring are also rapidly increasing. Owing to the rising preference for precision medicine, the demand for therapeutic drug monitoring is accelerating.

Precision medicine picks treatments that are fully suitable to the patient’s ailment and medical history. Oncology has experienced the most development, although this technique extends into all disease areas.

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Key Takeaways

  • Increasing research and development in the industry is projected to have a major contribution to the growth of the therapeutic drug monitoring market share.
  • The major trends promoting the therapeutic drug monitoring market include precision medicine. It is a field of disease treatment that is getting a lot of attention. This type of treatment considers individual differences in surroundings, genes, and lifestyles.
  • Precision medicine treatment is gaining a lot of attention and is now being tried in various situations. It intends to transform pharmacotherapy in oncology and other disease areas. With the potential to make a significant contribution to the advancement of the healthcare industry, precision medicine treatment deploys a unique approach to patient care.
  • Cancer patients are getting the treatment based on a combination of medicines which relies on studies of the patient’s factors such as systems biology, tumor analysis, and gene expression data in the absence and presence of pharmacological disruption.
  • The global therapeutic drug monitoring market showed significant growth over the last few years and is projected to grow at a robust CAGR during the forecast period.
  • The sales of therapeutic drug monitoring are driven by several key factors including an ageing population with better health care services, increasing demand for genetic testing, increased government and private sector participation in therapeutic drug monitoring markets, rise in drug profiling.
  • Therapeutic drug monitoring stems from clinical chemistry and clinical pharmacology. Its primary objective is to maintain the drug concentration levels in the body fluids within the particular therapeutic range. By individually adjusting the drug dosage therapeutic drug monitoring aims to refine patient care for better outcomes.

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Competitive Landscape

Roche Diagnostics, Coulter, BioRad, OraSure Technologies, and BioChem Pharmaceuticals are some of the key companies profiled in the full version of the report.

The report comprises key players contributing to the therapeutic drug monitoring market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyses the competitive landscape and therapeutic drug monitoring market share acquired by players to strengthen their market position.

More Insights into the Therapeutic Drug Monitoring Market

On the basis of regions, the therapeutic drug monitoring market is segmented into seven key regions namely: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

The North American region is anticipated to dominate the therapeutic drug monitoring market by accounting for the maximum sales in the global market.

A reasonable surge can be witnessed in the sales of therapeutic drug monitoring, but a slight decline was seen in the annual growth rate. As per FMI reports, the demand for therapeutic drug monitoring is expected to surge as the market evolves in the future.

The numerous advantages showcased by therapeutic drug monitoring get appreciated in the established markets and as the techniques and products appear in the emerging market. Moreover, the emerging economies have also started showing a positive inclination as the demand for therapeutic drug monitoring increases.

Technological advancements and a significant rise in the disease population, all over the world are rising the demand for therapeutic drug monitoring as it is rapidly being accepted as a method of choice among patients.

In order to improve diagnostic offerings and increase the sales of therapeutic drug monitoring companies are increasing their research and implementing therapeutic drug monitoring strategies.

The sales of therapeutic drug monitoring are expected to touch the skies throughout the forecast period of 2022-2032 by making alterations to new and more stringent regulations and improvements in diagnostic technologies, automation, and system engineering.

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Key Market Segments:

By Product

  • Equipment
  • Consumables

By Technology

  • Immunoassays
  • Radioimmunoassays
  • Colorimetric Immunoassays
  • Other Immunoassays
  • Chromatography-Mass spectrometry

By Drug Class

  • Antiepileptic Drugs
  • Antiarrhythmic Drugs
  • Immunosuppressant Drugs
  • Antibiotic Drugs
  • Bronchodilator Drugs
  • Psychoactive Drugs
  • Other drug classes

By End Users

  • Commercial/Private Labs
  • Hospital Labs
  • Other End Users

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Table of Content
1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

    3.2. Scenario Forecast

    3.3. Opportunity Map Analysis

4. Global Therapeutic Drug Monitoring Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (No. of Tests) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (No. of Tests) Projections, 2022-2032

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

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Swab and Viral Transport Medium Market is projected to register 6.1% CAGR during forecast period by 2030

The global swab and viral transport medium market is estimated to exhibit a CAGR of 6.1 % over the forecast period 2022-2030, according to a new research by Future Market Insights (FMI).

An upswing in the sales of critical equipment with respect to collection and transportation of samples is currently underway. This has escalated the production of swab and viral transport medium, thereby driving the market.

To detect the viral RNA in human body; nasopharyngeal swab and deep nasal swab techniques are being used. The overall market is primarily driven by increased rate of flu in various regions. As per CDC, 2019-20 season has witnessed close to 20 Mn cases of influenza in the U.S. with 280,000 hospitalizations as on Feb 15, 2020.

At the same time, efforts taken by respective governments to increase awareness about flu, coupled with initiatives undertaken by World Health Organization (WHO), Global Alliance for Vaccines and Immunization (GAVI), The Pan American Health Organization (PAHO), etc. are expected to drive the market.

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“Expanded Program on Immunization” is one the initiatives taken by PAHO at the pan American level. In Jan 2020, GAVI, at the behest of MSF (Doctors without Borders) bulk brought cheaper pneumococcal vaccine for around 55 Mn children. The initiatives mentioned above would be taken up in the forecast period as well. That will certainly ask for more swab and viral transformation motion to be in place.

Key Takeaways from Swab and Viral Transport Medium Market Study

  • The global market for swab and viral transport medium is showing sharp increment in the year 2020 due to outbreak of Covid-19 with increase in demand for pool of patients going for certain diagnostic tests.
  • Based on symptoms, influenza, coronavirus, and hanta virus are expected to collectively hold more than 50% of revenue in the year 2020.
  • Among all end users, diagnostic laboratories are anticipated to witness a CAGR of 1.6% over the forecast period.
  • North America and Europe collectively accounted for more than 70% of revenue share in 2019 while Asia Pacific is expected to show greater growth potential over the forecast period.
  • Asia Pacific is expected to upturn the swab and viral transport medium market in the years to come with local players going for in-house swabs

New Product Launches: Key Strategic Focus Area of Swab and Viral Transport Medium Market Players

New product launches/approvals and governments’ support are raising the bar for competition amongst market players. Numerous organizations are focusing on new product launches for diagnostic test especially for coronavirus and influenza. For Instance, DiaSorin, a prominent manufacturer of swabs specifies NP swabs in 3 ml of Copan Universal Transport Media (UTM) or BD Viral Transport Media. In 2019, MWE launched ∑-VCM™ transport device, to enable the collection, transport and preservation of viruses.

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The other players included as a part of market study include McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, and Medical Wire & Equipment (MWE).

Swab and Viral Transport Medium Market by Category

By Product:

  • Viral Transport Medium
    • Tissue Culture Medium
    • Glycerol Transport Medium
  • Virus Swabs
    • Nasopharyngeal Swabs
    • Deep Nasal Swabs
    • Combined Nasal & Throat Swabs
    • Culture Swabs
    • Vaginal Swabs

By Application:

  • Influenza
  • Respiratory syncytial virus
  • Mumps Virus
  • Adenovirus
  • Rhinovirus
  • Herpes Simplex Virus
  • Varicella-Zoster Virus
  • Other Indication

By End User:

  • Hospitals & ASCs
  • Specialty Clinics
  • Diagnostic Laboratories
  • Others

By Region:

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

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About FMI:

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

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Medical Drones Market is anticipated to flourish in the worldwide market at a strong CAGR of 24.3% during the forecast period 2022-2032

Medical drones are the advanced version of unmanned aerial vehicles used for delivering medical necessity in the catastrophic or emergence areas from the medical facilities. Medical drones are in research and development phase and require new technological improvement to deliver packages efficiently with minimal time. With the increasing penetration of logistic services and retailer services, will also have a positive impact on medical drones market. Various established companies such as Google, Inc. and Amazon.com, Inc. are also involving in the medical drones market.

Medical drones are aerodynamic pods used for transporting medical supplies such as drugs, vaccines, and medical aids. Medical drones are developed for rapid and safe delivery of medical supplies in the remote or inaccessible areas and war torn areas from medical facilities. With the advancement in technology and cost cutting of medical drones have led to augmented adoption mainly by military and hospitals sectors.

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Medical drones are in continuous research and development phase for producing a novel product with high speed, and accuracy in delivery. Medial drones are operated manually or can be programmed to fly precise route, and are advantageous as they require no landing space and can drop packages from the lower fly. The ability of medical drones to fly over closed areas and without a crew is the reason for its high demand.

Medical Drones Market: Drivers and RestraintsThe growth of global medical drones market is generally driven by low cost of equipment and increasing research and development investment by government bodies are driving the growth of medical drones market. In addition, increasing penetration of medical drones in an emergency or catastrophic areas are boosting the market growth of medical drones.For instance, medical drones were adopted for delivering tele-medical packages to victims of mass casualty event held in Mississippi, U.S. However, product approval regulation have hindered commercialization of medical drones as they are not allowed to fly freely or without permission are hampering the growth of medical drones market. In addition, medical drones create risks including potential hazards and operation issues are other obstacles to the growth of medical drones market. 

Medical Drones Market: Region Wise Outlook

Geographically, medical drones market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The market in North America is anticipated to hold the largest share of medical drones in the global market, followed by Western Europe, owing to the presence of increasing research and development funding from the government and private bodies. In addition, the presence of formal rules and regulation applied by federal government and presence of highly sophisticated environment are also gardening the growth of medical drones market.

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The medical drones market in Asia- Pacific region and Japan are anticipated to grow at a higher rate owing to the improving healthcare facilities and increasing awareness about the benefits of medical drones in the catastrophic environment. However, the market for medical drones in regions such as Latin America, Eastern Europe, and Middle East and Africa are estimated to show a steady growth over the forecast period owing to the presence of highly fragmented distributors and scarcity of skilled professionals.

Medical Drones Market: Key Players

Some of the market participants in the global medical drones market are Zipline Inc., Flirtey, and Matternet.

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

The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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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.

Medical Drones Market: Segmentation 

On the basis of application, global medical drones market can be segmented as:

  • Acute Care
  • Vaccination Programs
  • Blood bank Transferring
  • Drug/Pharmaceutical Transferring

On the basis of end-user, global medical drones market can be segmented as:

  • Government Organizations
  • Emergency Medical Services
  • Blood Banks

On the basis of region, global medical drones market can be segmented as:

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

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.

About FMI:

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

Contact:

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