Bicycle Components Aftermarket Key Opportunity, Analysis, Growth, Trends 2032

Over the forecast period of 2022-2032, sales in the global bicycle components aftermarket are expected to grow at a CAGR of 6.9%, to reach a valuation of US$ 28.3 Bn by the end of 2032. Rising bicycle fleet across the globe is expected to be the key driving factor for the demand for bicycle components.

Growing popularity of bicycling as a recreational activity is expected to fuel the growth in the bicycle component aftermarket. Individuals are preferring cycling as a recreational and fitness activity across the globe.

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Increasing awareness regarding chronic disorders caused by leading a sedentary lifestyle among consumers is driving interest in cycling for a healthy lifestyle. As more individuals use biking as a regular form of exercise, demand for bicycle components is expected to increase at a considerable pace.

Rising importance of sports activities, particularly for health reasons, as well as celebrity endorsement and international or national sporting events, are encouraging people to participate in a variety of cycling activities. Backed by the aforementioned factors, sales of bicycle components will continue gaining traction over the assessment period.

“Increasing demand for electric bicycles, along with rising deployment of bicycle fleet across public entertainment infrastructures such as amusement parks, resorts and adventure parks will augment sales in the market,” says an FMI analyst.

Key Takeaways:

  • Based on bicycle type, the electric bicycle segment will create an absolute dollar opportunity worth US$ 4.9 Bn.
  • Sales of bicycle components from department sales are expected to account for 1/3rd of overall aftermarket sales.
  • In terms of component, the road groupsets segment is anticipated to hold more than half of the total market share.
  • The U.S. is expected to dominate the North America bicycle component aftermarket, with demand growing at a 4% CAGR over the forecast period.
  • Sales in the China market will hold 2/3rd of the East Asia bicycle component aftermarket share.
  • Demand in the India bicycle components aftermarket will grow at a 7.2% CAGR over the forecast period.

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Competitive Landscape

Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd. are some of the leading manufacturers operating in the global bicycle components aftermarket.

Key Segments Covered in Bicycle Components Aftermarket Industry Analysis

By Component Type:

  • Derailleurs
  • Road Groupsets
  • Suspensions
  • Wheel Sets
  • Brakes
    • Hydraulic
    • Mechanical
  • Caliper Type
  • Gears
  • Others (Bottom Brackets etc.)

By Sales Channel:

  • Specialty Bicycle Retailers
  • Discount Stores
  • Department Stores
  • Full-line Sporting Goods Stores
  • Outdoor Specialty Stores
  • Other Sales Channel

By Bicycle Type:

  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Youth
  • Cruiser
  • Recumbent/Tandem
  • Electric
  • Folding

By Region:

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

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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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.

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Automotive TCU Market Share and Growth Factors Impact Analysis 2031

Different types of transmission technologies find deployment in the global automotive TCU market such as manual transmission (MT) and automated manual transmission (AMT). In manual transmission, a driver has 100% control over gear shifting, whereas AMT involves clutch-pedal free manual transmission. The shift from manual cars and a move towards hassle free driving has resulted in an upward growth shift in the global automotive TCU market.

A new report by Future Market Insights presents clear insights on the global automotive TCU market performance. The report also highlights the drivers influencing the growth of the global market, restraints limiting revenue growth, and trends governing the market. According to the report, the global automotive TCU market is expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031.

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Global Automotive TCU Market: Dynamics

There are various factors responsible for the growth in the automotive TCU market. Rise in emission control rules is a major market revenue growth driver. Many companies have adopted the first ever GHG regulations for heavy duty vehicles and engines. Also, control in the global inflation rate has strengthened the demand in various regions such as Europe and North America. With forces like the above at play, much of the growth in the global automotive TCU market is expected to come from developed economies.

Global Automotive TCU Market: Segmental Highlights

For easy understanding and accurate analysis of the global automotive TCU market, the market is segmented on the basis of application, vehicle type and region.

  • The various segments of the automotive TCU market based on application include AT, CVT and DCT. The AT (Automatic Transmission) segment is expected to dominate the market with the highest market value share by the end of 2031. However DCT (Dual Clutch Transmission) is expected to witness growth at the highest CAGR of over 14.1% during the forecast period.
  • The segmentation based on vehicle type includes passenger cars, HCVs and LCVs. Among these, the market for passenger cars is expected to stand exceptionally profitable with a projected grow at a robust CAGR of 7.8%.
  • The regional segmentation holds crucial statistics for businesses currently operating in the industry. According to the forecasts presented in the report, North America is expected to dominate the global automotive TCU market, growing at a CAGR of over 8% in terms of value.

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Segmentation of the global automotive TCU market

Application

  • AT (Automatic Transmission)
  • CVT (Continuous Variable Transmission)
  • DCT (Dual Clutch  Transmission)

Vehicle Type

  • Passenger Car
  • LCV (Light Commercial Vehicle)
  • HCV (Heavy Commercial Vehicle)

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Global Automotive TCU Market: Competitive Analysis

The research report on the global automotive TCU market provides an analysis of the key players operating in the market. Some of the key players included in the report are Robert Bosch GmbH, Aisin AW Co., Ltd., Continental AG, Delphi Automotive LLP, Hitachi Automotive System, Ltd., Denso Corporation, Swoboda KG., ZF Friedrichshafen AG etc.

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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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Liquid Biopsy Market to Show Stunning CAGR of 13.49%

The global liquid biopsy market report begins by defining liquid biopsy and various types of markers used in liquid biopsy. A recent market analysis conducted by Future Market Insights (FMI) projects that the global liquid biopsy market will generate US$ 1,026 million in revenue in 2021. By 2031, the market is anticipated to reach US$ 3,637 million, growing at a 13.49% CAGR.

Market Overview:

The global liquid biopsy market report begins by defining liquid biopsy and various types of markers used in liquid biopsy. It is followed by an overview of market dynamics of the global liquid biopsy market, which includes FMI’s analysis of key trends, drivers, restraints and opportunities, and reimbursement scenario that is influencing the growth of the liquid biopsy market. It also includes an insight into case-studies and product pipeline. Impact analysis of key growth drivers and restraints based on a weighted average model have been included in the global liquid biopsy market report after detailed analysis of individual regions to better equip readers with meaningful insights on ongoing developments in the oncology market.

The primary factors fuelling demand for liquid biopsy diagnostic tests are growing incidences of lung, gastrointestinal and breast cancer. Other factors driving demand for liquid biopsy tests are increasing inclination of oncologists and physician to opt for non-invasive diagnostic procedures, reluctance of the patients to go painful biopsies and increase in the demand of personalized medicine.  Whereas increasing number of test launches and entry of regional players also drives the market for liquid biopsy tests. However, a primary factor hampering growth of the liquid biopsy market is its penetration owing lower awareness of blood tests to detect cancer.

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Based on market type, the market has been segmented into circulating tumour cells (CTCs), Circulating tumour Nucleic Acids (ctNA) and exosomes. A detailed analysis has been provided for these segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.

Based on sample type, the market has been segmented into blood, urine and others (plasma, saliva, CSF). Our analysis predicts that biopsies through blood samples would increase at a very fast pace, increasing the number of blood diagnostic test to detect cancer is expected to contribute significantly to increasing demand for liquid biopsies the forecast period.

Based on the disease indication the liquid biopsy market has been segmented into lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, colorectal cancer, leukemia and others.  Lung cancer is expected to expand at a higher CAGR, due to increasing prevalence of lung cancer over the forecast period. Further, based on end-user segmentation, the market is segmented into hospitals, cancer institutes, academic institutes and diagnostic centres. Increasing commercialization of liquid biopsy test is expected to increase the revenue generation of liquid biopsies from hospitals and diagnostic centres surgery. This trend is expected to be particularly prominent in countries where access to healthcare services is increasing especially in APEJ

The next section of the report highlights liquid biopsy market by region and provides market outlook for 2016–2026. The report also discusses key regional trends contributing to the revenue growth of the liquid biopsy tests worldwide, as well as analyses the impact of drivers and restraints in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA).

The above sections—by marker type, sample type, disease indication, end users and region—evaluate the present scenario and growth prospects of the liquid biopsy tests market for 2016–2026. We have considered 2015 as the base year and provided data for the forecast period, i.e., 2016–2026.

To ascertain liquid biopsy tests market size, we have also considered revenue generated by companies in liquid biopsy market space. The forecast presented here assesses the total revenue by value across the liquid biopsy market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the liquid biopsy market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand, and the economic envelope.

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In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze it based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the market, and to identify the right opportunities across the global liquid biopsy market.

The liquid biopsy market segments in terms of marker type, sample type, disease indication, end user, and regions. These segments are analyzed in terms of Basis Point Share (BPS) to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the liquid biopsy market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective, in the global liquid biopsy market.

Detailed profiles of the liquid biopsy tests developing companies are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global liquid biopsy market.

Key competitors covered in terms of liquid biopsy test developing companies BIOCEPT, INC., Qiagen N.V., Trovagene, Inc., Janssen Global Services, LLC, MDxHealth SA, Natera, Inc., F. Hoffmann-La Roche Ltd., Silicon Biosystems, Pathway Genomics Corporation, Sysmex Corporation.

Key Segments Covered:

  • By Marker Type
    • CTCs (Circulating tumour Cells)
    • ctNA (Circulating tumour Nucleic Acids)
    • Exosomes
  • By Sample Type
    • Blood
    • Urine
    • Others (Plasma, Saliva, CSF)
  • By Disease Indication
    • Lung Cancer
    • Gastrointestinal Cancer
    • Prostate Cancer
    • Breast Cancer
    • Colorectal Cancer
    • Leukemia
    • Others
  • By End-User
    • Hospitals
    • Cancer Institutes
    • Academic Institutes
    • Diagnostic Centers

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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.

 

Lab Automation Market to Boost Revenue at CAGR of 9.6%

The study uncovers numerous facets such as opportunities, drivers and trends that have an influence over the growth of the entire market. In 2021, the market for lab automation was worth US$ 1.73 billion. The total market is anticipated to increase at a CAGR of 9.6% through 2027, reaching US$ 3 billion by that time due to the increasing usage of lab automation across numerous end use sectors.

The study uncovers numerous facets such as opportunities, drivers and trends that have an influence over the growth of the entire market. Moreover, along with current market scenario and historical market data, this research report has outlined future market projections that reveal the future direction of the global market in terms of growth rate and valuation of the entire market considering all crucial market segments that define the global market. This data has been assessed across key regions in the globe to get a clear market picture in the current timeline as well as in the future.

Global Lab Automation Market: Segmental Analysis

The global lab automation market has been segmented by component, by application, by end user and by region.

  • By application, diagnostics and life sciences segment both reflect higher potential in the years to come. However, the diagnostics segment is expected to dominate the global market with a higher market revenue. By 2027 end, it is estimated to reach US$ 1.3 Bn and is projected to grow at the highest CAGR during the assessment period
  • By component, the devices segment is expected to grow at the highest pace to register a CAGR of 9.7% to reach a significant value that supports this segment to cement its lead in the coming years
  • By region, North America is highly lucrative region and leads the regional markets in lab automation in the years to come. Asia Pacific excluding Japan (APEJ) region also shows high potential during the 2017-2027 timeline

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Global Lab Automation Market: Dynamics

Advancements in lab automation, increasing adoption of lab automation across the globe in several end use industries and applications,    rising funding for research and development, availability of compatible solutions for lab automation, rising strategic consolidation among service providers and end users, increasing preference for branded products, increasing technological changes, ease in FDA clearance, increasing academic research activities, favourable government policies, demand for automation in sample handling processes in laboratories, increasing reliance of scientists and researchers on the automation technology, increasing CROs (Contract Research Organizations) and increasing distribution and collaboration agreements to increase service and product reach are supporting the growth of the global lab automation market. Also, lab automation is considered as a single solution for multiple functionalities, which is triggering the adoption of lab automation thus driving the global market. However, aspects like lack of healthcare infrastructure in certain developing regions, higher initial cost, challenges in vendor selection and complex integration of lab tools have been posing challenges to the growth of the global market.

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Key Segments Covered in the Lab Automation Market Report:

Component Type

  • Devices
    • Biochemistry Devices
    • Molecular Devices
    • Hematology Devices
    • Immunology Devices
    • Microbiology Devices
    • Others

Software

  • Scheduling Software
  • Momentum Integration Software

Application

  • Life Sciences Research and Development
  • Drug Discovery
  • Diagnostics

End User

  • Pharmaceutical Companies
  • Hospitals and Diagnostic Centers
  • Educational Institutions
  • Contract Research Organizations (CROs)
  • Research Institutes

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Key Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

About FMI:

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

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Pharmacy Automation Systems Market to Exhibit CAGR of 6.3% to 2027

The global pharmacy automation systems market was valued at US$ 3,344.7 Million in 2016 and is expected to grow at a CAGR of 6.3% over the forecast period (2017–2027), due to factors such as adoption of automatic dispensing cabinets and other product types across the globe, regarding which FMI offers useful insights in detail in this report.

Future Market Insights delivers key insights and presents a revised forecast of the global pharmacy automation systems market for a 10 year period from 2017 to 2027 in the report titled “Pharmacy Automation Systems Market: Opportunity Assessment 2017–2027.” The revision in the market size and forecasts have been carried out taking into account the impact of various macroeconomic indicators and other industry-based demand-driving factors, as well as the recent developments of key market participants.

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Segmental Forecast Analysis:

The market has been segmented based on product type, application, end user and regions. Based on product type, the market is segmented into medication dispensing cabinets or automated dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. Automated dispensing cabinets are expected to grow at the fastest CAGR due to increase in the usage of these systems for decentralized pharmacies and point of care settings. The segment is expected to register a CAGR of 7.4% during the forecast period. However exorbitant costs for the implementation of pharmacy automation systems is expected to adversely affect demand for these systems in the near future.

To provide deeper insight into the pattern of demand for pharmacy automation systems, the market has been segmented based on the application of these systems such as drug dispensing & packaging, drug storage and inventory management. The inventory management application segment is expected to expand at the highest CAGR of 7.6% over the forecast period due to increasing demand for these systems to track and maintain inventory levels in pharmacies.

To analyse the sales of pharmacy automation systems further, the market has been segmented based on end users such as hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Pharmaceutical SMEs is expected to present the highest demand for pharmacy automation systems over the forecast period, registering a CAGR of 7.8% and this is attributed to gradual increase in the number of SMEs or companies maintaining centralized pharmacies.

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A key trend in the pharmacy automation systems market is the increasing usage of RFID enabled automated dispensing cabinets. Also, key players in this market are increasingly working on big data and analytics solutions to provide useful and valuable insights to their clients.

This report assesses the trends driving growth of each segment at the global as well as regional levels, and offers potential takeaways that could prove substantially useful to pharmacy automation systems companies looking to enter the global market. It also provides insights into different factors for vendor selection criteria that might be useful for companies to make strategic decisions regarding their marketing plans. North America dominated the pharmacy automation systems market with maximum value share in 2016. North America and Western Europe collectively accounted for more than 80% of the total pharmacy automation systems market share in terms of value in 2016. Among emerging markets, Asia Pacific excluding Japan is estimated to exhibit the highest CAGR of 7.8% over the forecast period, due to increase in the need for automation solutions to better manage crowds in hospitals and retail pharmacies.

Key Market Players:

Some key players in the global pharmacy automation systems market identified in the report include Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Omnicell Inc. etc. We have discussed individual strategies of these companies in terms of enhancing the product portfolio, distribution partnerships, market consolidation and advanced R&D initiatives. In addition to this the report also provides company share and a competitive dashboard for players already present in the market.

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years.

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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Vital Signs Monitoring Devices Market Size to Exceed USD 12.9 Bn by 2030

From 2022 to 2030, the global market for vital signs monitoring devices is anticipated to develop significantly at a CAGR of 8.4%, reaching a market value of US$ 12.9 billon in 2030, with an projected market value of around US$ 6.8 billion as of 2022.

Market Overview:

Increasing adoption of vital signs monitoring devices by clinicians for the measurement of vital signs of hospitalized patients has immensely attracted market players’ attention. However, continuous focus among manufacturers on developing new vital signs monitoring devices is also expected to propel market growth during forecast period.

Vital Signs Monitoring Devices Market

The healthcare industry is at the front line of the coronavirus (COVID-19) pandemic. As epidemiological numbers continue to soar, the industry is running out of resources for treating the expanding patient pool. In a bid to ease off the burden, players such as Medtronic Plc. and Masimo Corporation are launching vital signs monitoring devices to treat patients remotely.

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Key Takeaways of Vital Signs Monitoring Devices Market Study

  • Monitors, followed by temperature measurement devices, account for a larger value share in the global vital signs monitoring devices market, owing to their increasing use in hospitals and other diagnosis centres for patient monitoring.
  • Standalone vital signs monitoring devices hold a leading revenue share, owing to their availability and increasing installation rates in hospitals and other healthcare centres.
  • Hospitals capture around 70% value share in the vital signs monitoring devices market, owing to high patient preference for diagnosis and treatment of different diseases in these settings.
  • North America will continue to define stakeholders’ bottom lines in the global vital signs monitoring devices market during forecast period.
  • Upsurge in government funding to increase the number of hospitals and improve quality of care is expected to drive the growth of the vital signs monitoring devices market in Asia.

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New Product Development and Launch – Imperative Strategy for Market Players

Market introduction of new innovative products as per patients’ needs is majorly responsible for intense competition among players in the vital signs monitoring devices market. Several companies are focusing on launching customizable vital signs monitoring devices in order to increase their product sales and expand market share.

For example, in December 2021, Nihon Kohden Corporation launched the life scope SVM-7200 series vital sign monitors – easy-to-use, portable monitors having customizable early warning functionality to help clinicians.

What else is in the report?

Future Market Insights offer a unique perspective and actionable insights on the vital signs monitoring devices market in its latest study, presenting historical demand assessment of 2012-2021 and projections for 2022-2030, based on product (monitors, temperature measurement devices, blood pressure measurement devices, and standalone pulse oximeters), mount type (standalone and portable), end user (hospitals, clinics, ambulatory surgical centres, and home care settings), across seven key regions.

Key Market Segments Covered:

By Product :

  • Monitors
    • Low Acuity Monitors
    • Mid Acuity Monitors
    • High Acuity Monitors
  • Temperature Measurement Devices
    • Liquid filled Thermometers
    • Digital Thermometers
    • Infrared Thermometers
  • Blood Pressure Measurement Devices
    • Sphygmomanometers
    • Automated Blood Pressure Monitors
  • Standalone Pulse Oximeters

By Mount Type :

  • Standalone
  • Portable

By End User :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings

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By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

About FMI:

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

Contact Us:
Future Market Insights,
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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Radial Compression Devices Market to Record 9.0% CAGR with Rising Adoption of Radial Artery Compression Devices

According to a recent market study by Future Market Insights (FMI), the global radial compression devices market is estimated to reach US$ 504.0 Million by 2031, valued at US$ 232.5 Million in 2022 at CAGR of 9.0%.

Radial Compression Devices Market Overview:

A radial compression device is a band that is placed around the wrist to lessen the risk of radial artery blockage following invasive cardiac operations. This device is used to stop bleeding following an angiography or angioplasty procedure.

In recent years, the global market for radial compression devices has greatly evolved. These have been strengthened by the development of technology that accelerate the time it takes to reach hemostasis, enhance the process, and lower the risk of radial artery occlusion (RAO). RAO concerns have been a major source of worry when accessing the transracial artery for cardiac catheterization, resulting in the development of the radial compression device market.

“Growing number of percutaneous coronary intervention procedures (PCI), acceptance of compression devices for surgical and diagnostic cardiology interventions, new product launches and approvals – leading to greater availability in both established and emerging economies are factors driving the growth of radial compression devices market.”

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Furthermore, the advantages of radial access in a percutaneous coronary intervention (PCI) procedure are expected to drive the market growth. Radial access allows patients to move more quickly, the incision is smaller, and the chances of infection at the site are much lower than with trans-femoral access.

Key Takeaways from Radial Compression Device Study:

  • Band/Strap based products provides rigid wrist support, and improved patient comfort which leads the segment to account for the maximum share of 8% in 2021, expanding at 9.7% CAGR during the forecast period.
  • Disposable devices accounted for 92.9% of the market share in 2021 indicating highest demand by usage segment due to ease in use and cost effective and being mainly used in gaining and maintaining the hemostasis of the radial.
  • With the increasing diagnosis rather than surgical intervention the diagnostic intervention, by application held the largest share of 50.5% in 2021 and is expected to grow with the same trend by 2031.
  • North America held the largest share of 40.5% of the global radial compression devices market in 2021 indicating the growth due to geriatric population and growing demand for advanced medical technology in North America.

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Who is winning?

The key market players covered by FMI include leading companies of radial compression devices are Terumo Corporation, Merit Medical Inc., Abbott Laboratories, Vascular Solution, Advanced Vascular Dynamics, Conmed B.V., Beijing Demax Medical Technology, Teleflex Incorporated, Forge Medical Inc., TZ Medical Inc., Semler Technologies, MedPlus Inc., Lepu Medical, Cardinal Health, and Vygon.

Some of the leading manufacturers in the radial compression devices market are working to develop their technologically advanced product in order to improve the efficacy and safety profile for patients. Interventional cardiologists and radiologists in the healthcare industry profit from continuous technological advancements made by few of these players. Furthermore, manufacturers are also focusing on mergers and acquisitions with global expansion objectives, thereby, enhancing their market presence.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global radial compression devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on radial compression devices segment based on Product (Band/Strap based radial compression devices, knob based radial compression devices, plate based radial compression devices), Usage (Reusable, disposable), Application (diagnostic intervention, surgical intervention), end user (hospitals, independent catheterization labs, ambulatory surgery centers, specialized centers) across seven major regions.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years.

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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Dermatology Devices Market to Boost due to Rising Demand for Non-invasive Dermatological Procedures

The global dermatology devices market is anticipated to grow at a 7.0% CAGR in terms of revenue during the forecast period and cross US$ 5,307.6 Million by the end of 2026.

Dermatology Devices Market Overview:

Dermatology devices market is a billion dollars market accounting for a substantial proportion of healthcare expenditure globally. In a new report titled “Dermatology Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” Future Market Insights offers a 10-year forecast for the global dermatology devices market and provides insights on the drivers, restraints, opportunities, and trends likely to govern the global dermatology devices market during the forecast period (2016 – 2026).

Dermatology Devices Market

Factors such as rising prevalence of skin problems including acne leading to scars, increasing obesity, and growing aesthetic awareness among people are likely to contribute to the revenue growth of the global dermatology devices market over the forecast period. Economic factors such as growing healthcare expenditure, increasing disposable income per capita, and rising government support in developed economies are expected to boost the growth of the global dermatology devices market over the forecast period.

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Key Market Segments Covered:

The global dermatology devices market is segmented on the basis of Product Type (Lasers, RF Devices, Microdermabrasion Devices, Others); Application (Vascular Lesions, Tattoo Removal, Hair Removal, Wrinkle Removal, Scar Removal, Acne Removal, Others); and End User (Hospitals, Specialty Dermatology Clinics, Private Clinics).

  • The Lasers product type segment is projected to dominate the global dermatology devices market in terms of value over the forecast period. This segment is anticipated to hold a market value share of 46.5% by the end of 2016
  • The RF Devices product type segment is expected to be the second most lucrative segment in the global dermatology devices market
  • The Vascular Lesions application segment is expected to account for 18.2% revenue share of the global dermatology devices market by 2016 end
  • The Hair Removal application segment is expected to reach US$ 915.6 Mn by 2026 owing to increase in prevalence of polycystic ovarian syndrome in women
  • The Speciality Dermatology Clinics end user segment is anticipated to reach a market valuation of US$ 2,005.3 Mn by 2026
  • The Private Clinics end user segment is expected to account for 30.3% revenue share of the global dermatology devices market by 2016 end

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Regional Outlook:

The global dermatology devices market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. The demand for non-invasive cosmetic correction procedures has been significantly high in the U.S. market in the recent years, making North America the most lucrative market globally. In addition to North America, demand for non-invasive cosmetic procedures has been significantly growing in Western Europe and APEJ. Western Europe is expected to account for 20.3% revenue share of the global dermatology devices market by 2016 end.

Competitive Landscpae:

The global dermatology devices market report profiles some of the leading companies operating in the global dermatology devices market such as Valeant Pharmaceuticals International Inc., Cynosure Inc., Lumenis, Syneron Candela Ltd., Avita Medical Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., Cutera, Lutronics Corporation, and Beijing Toplaser Technology Co. Ltd. Major market players are adopting different strategies such as product launches and acquisitions to maintain their market share. For instance, in November 2015, Lumenis acquired Pollogen to strengthen and expand its aesthetic products portfolio. Similarly, in May 2016, Alma Lasers launched Accent Prime that combines ultrasound and unipolar radio frequency technologies to provide enhanced body contouring and skin tightening treatments.

Key Segment By Product Type

  • Lasers
  • Fractional
  • Diode
  • InfraRed
  • Alexandrite laser
  • Nd:YAG
  • Pulsed
  • Potassium Titanyl Phosphate (KTP)
  • RF Devices
  • Microdermabrasion Devices
  • Others

By End User

  • Hospitals
  • Specialty Dermatology Clinics
  • Private Clinics

By Application

  • Vascular Lesions
  • Tattoo Removal
  • Hair Removal
  • Wrinkle Removal
  • Scar Removal
  • Acne Removal
  • Others

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By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years.

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 Us:
Future Market Insights,
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Positron Emission Tomography (PET) Scanners Market to Show 5.1% CAGR to 2031

From 2021 to 2031, the market for Positron Emission Tomography (PET) scanners is anticipated to expand at a steady 5.1% CAGR, reaching US$ 1.9 Billion in 2031.

Positron Emission Tomography (PET) Scanners Market Overview:

According to Future Market Insights, growing occurrences of chronic disorders and increasing penetration of PET machines is expected to drive overall growth of the global Positron Emission Tomography (PET) scanners market during the forecast period. Rising demand for effective diagnostic techniques across the globe and expanded applications for PET in the field of oncology are further expected to boost the growth of the global Positron Emission Tomography (PET) scanners market between 2016 and 2026. However, a short half-life and low supply of radiopharmaceuticals is likely to restrict market growth over the forecast period.

“A key trend in the global Positron Emission Tomography (PET) scanners market is the development of dual modality PET/CT and PET/MRI machines leading to better diagnostic sensitivity and specificity at each stage of disease prognosis. The entry of new radiopharmaceuticals has enhanced the diagnostic value of diseases treatment resulting in greater dependency on PET scanning procedures. These trends are likely to govern the global Positron Emission Tomography (PET) scanners market in the coming years.” – Analyst – Healthcare, Pharmaceuticals & Medical Devices, Future Market Insights

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Key Segmentation highlights

The global Positron Emission Tomography (PET) scanners market has been segmented by Product Type (Full Ring PET Scanners, Partial Ring PET Scanners); by Application (Oncology, Cardiology, Neurology, Others); by Detector Type (Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS), Lutetium Yttrium Orthosilicate); and by End User (Hospitals, Diagnostic Centres, PET Centres, Research Institutes);

  • The Full Ring PET Scanners product type segment was valued at US$ 759.3 Mn in 2015 and is expected to register 4.8% CAGR over the forecast period. The Partial Ring PET Scanners product type segment was valued at US$ 143.8 Mn in 2015 and is expected to increase to US$ 212.2 Mn by the end of 2026
  • The Lutetium Oxyorthosilicate (LSO) detector type segment was valued at US$ 322.7 Mn in 2015 and is expected to witness a CAGR of 4.3% over the forecast period to reach US$ 596.5 Mn by 2026 end. The Bismuth Germanium Oxide (BGO) detector type segment was valued at US$ 266.7 Mn in 2015 and is expected to increase to US$ 400.5 Mn by the end of 2026
  • The Hospitals end user segment is estimated to hold 35.7% market share by 2016 end while the Diagnostic Centres end user segment is estimated to account for 33.0% market share by 2016 end

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Regional Outlook:

The global Positron Emission Tomography (PET) scanners market has been segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. North America dominated the global Positron Emission Tomography (PET) scanners market in 2015 and is likely to continue its dominance throughout the forecast period. North America is expected to reach a market valuation of US$ 631.9 Mn by 2026 end, witnessing a CAGR of 4.8% over the forecast period. The APEJ Positron Emission Tomography (PET) scanners market is estimated to be valued at US$ 132.9 Mn by 2016 end and is expected to register a CAGR of 5.1% over the forecast period.

Vendor insights

General Electric Co., Toshiba Corporation, Koninklijke Philips N.V., Siemens AG, Hitachi, Ltd., Positron Corporation, Mediso Ltd., and Yangzhou Kindsway Biotech Co. Ltd. are some of the leading players operating in the global Positron Emission Tomography (PET) scanners market. Major players in the global Positron Emission Tomography (PET) scanners market are focussing on enhancing their global and regional presence through introduction of novel products and strategic operational expansion. The report discusses individual strategies followed by these companies in terms of enhancing product designing, creating new manufacturing facilities, market consolidation, and advanced R&D initiatives.

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Key Market Segments Covered in Study:

By Product :

  • Full-ring PET scanner
  • Partial-ring PET scanner

By Application :

  • Oncology
  • Cardiology
  • Neurology
  • Others

By Detector Type :

  • Bismuth Germanium Oxide (BGO)
  • Lutetium Oxyorthosilicate (LSO)
  • Gadolinium Oxyorthosilicate (GSO)
  • Lutetium Fine Silicate (LFS)
  • Lutetium Yttrium Orthosilicate

By End User :

  • Hospitals
  • Diagnostic Centers
  • PET Centers
  • Research Institute

By Region :

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

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 Us:
Future Market Insights,
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Hospital Capacity Management Solutions Market to Grow at CAGR of 4.9% to 2030

The market for global hospital capacity management solutions is anticipated to reach US$ 1.08 billion in 2022 with a CAGR of 4.9%, indicating heathy market growth during the forecast period.

Market Overview:

Future Market Insights (FMI), in its latest report titled, Hospital Capacity Management Solutions Market: Global Industry Analysis and Opportunity Assessment, 2022-2030″, has projected the global hospital capacity management solutions market revenue to expand at a CAGR of 4.9% during the forecast period (2022-2030).

Hospital Capacity Management Solutions Market

Hospital capacity management solutions (HCMS) enable better and timely care of patients and consequently reduces length of patient stay in hospital. Hospital capacity management solutions track clinical data of patients, alerts doctor, nurse or caregiver nearest to patient in need, in order to ensure timely care so that patients can be discharged earlier. Hospital capacity management solutions analyze and predict bed occupancy at the emergency department (ED) of hospitals, thereby reduce wait time by 35-50%.

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Global hospital capacity management solutions market has been estimated to account for US$ 800.0 Mn by 2015 end, mainly owing to rising patient pool resulting in rising demand for hospital capacity management solutions.

The report offers global hospital capacity management solutions market analysis in terms of market value (US$ Mn) by application, product type, region and delivery mode, and provides information regarding market trends, regulatory affairs, competitive landscape, market estimations and forecast. Usage of hospital capacity management solutions among big hospitals has increased significantly due to technological advancements and benefits these solutions offer in managing large patient pool. Real-time locating system is widely preferred by big hospitals. Increasing patient pool globally is a major factor expected to boost overall demand for hospital capacity management solutions over the forecast period.

Regional Overview:

North America market has been estimated to contribute maximum revenue to the global hospital capacity management solutions market by 2015, and this is expected to increase by 1.6x over the forecast period. In addition, hospital capacity management solutions providers are expected to launch various new and innovative solutions as per demand of hospitals over the forecast period. Western Europe is the next most promising market for hospital capacity management solutions providers. The market value in this region is expected to register a CAGR of 5.5% during the forecast period. High cost of some HCMS, along with late delivery of results and variability in bed demand are factors expected to restrain market growth in the future.

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On the basis of product type, the market is segmented into workflow management solution, asset management solution, bed management solution, quality patient care solution, real time locating system and event driven solution. Among product types, real-time locating system segment is expected to contribute maximum value to the global hospital capacity management solutions market, followed by workflow management solution and bed management solution segments. Increasing incidence of accidents, disease and surgeries is expected to generate more number of patients, which in turn is expected to boost overall demand for hospital capacity management solutions.

On the basis of application, hospital capacity management solutions market is segmented into standalone solutions and integrated solutions. Integrated solutions segment has been estimated to dominate the overall hospital capacity management solutions market by 2015 end, and is expected to register a healthy growth rate over the forecast period. Increasing adoption of hospital capacity management solutions among hospitals for multi–module purpose is fuelling growth of the integrated solutions segment.

On the basis of delivery mode, global hospital capacity management solutions market has been segmented into on-premise solutions and cloud-based solutions. Cloud-based segment is expected to register fastest CAGR in terms of revenue over the forecast period. Cloud-based segment currently accounts for maximum revenue share of the global hospital capacity management solutions market.

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Key market participants included in the report are Awarepoint Corporation, Allscripts Healthcare Solutions, Inc., Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Cerner Corporation and Epic Systems Corporation.

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 Us:
Future Market Insights,
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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