Document Management Software Market Assessment and Key Insights Analyzed Till 2028

Future Market Insights has analysed various facets of the global market for document management software in a new research publication titled “Document Management Software Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The raw data obtained from secondary research has been filtered, well-furnished and arranged in a systematic format with the assistance of which key insights have been derived. The market is thoroughly analysed to gain intelligence on the various market trends changing the course of the market, the drivers that push the growth of the market, the opportunities that shape the future of the document management software market and the restraints that hinder the growth process of the global market. These various aspects have been analysed across key regions in the globe including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China and Middle East and Africa (MEA) to gauge the intensities of these facets and their impact on the overall market expansion. Based on historical data and current scenario, future insights on the market based on value projections for a period of ten years have been included in this research report across each segment of the global document management software market.

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Future Market Insights Observes– the growth of the global document management software market is triggered by increasing demand for the software as it reduces the time needed for file location and retrieval. Moreover, it also covers additional functionalities such as storage, editing and making corrections, efficient consolidation of information, eliminates misfiling and enhances overall productivity and efficiency. The global market for document management software is projected to expand at a value CAGR of 12.3% during the period of assessment 2018-2028 and is estimated to reach a valuation of more than US$ 11 Bn by 2028 end.

Growing Demand for Automated Workflow to Facilitate Market Expansion

Automation has facilitated reduction in errors, improvement in quality and reduction in time in various processes. Document management software with automated workflow offers efficient operational workflow. Moreover, it reduces costly paper handling with smart routing of documents and saves time and money by reducing the need of photocopying, hand delivery and repetitive dropping. It also enables automated distribution, printing and overall document control. By centralizing documents and using automated workflow technology, it can timely route documents to stakeholders. The migration to automated workflow from manual workflow is pushing the demand of document management software.

Disaster Recovery and Better Backup to Spur Demand for Document Management Software

Document management solution includes disaster recovery and data backup plan. With digital archiving, paper documents are protected from various types of disasters. In addition, with this software, documents are easily traceable and can be conveniently tracked within different ranges of criteria. Moreover, since the documents are stored centrally, they do not get misplaced after viewing. They can be digitalised as well as archived during their entry point into the system.

Segmental Snapshot of the Global Document Management Software Market

By component, the software segment is expected to grow at a higher rate and is expected to lead the global document management software market in the coming years. With respect to services, professional services are gaining high traction.

With respect to deployment, cloud is gaining high steam owing to ease of access and convenience at any point in time. Cloud based deployment is expected to showcase revenue sales of over US$ 6 Bn by end of the assessment period.

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Healthcare and BFSI sectors are showcasing high demand for document management software. Owing to high and ever increasing volume of documents, the need for subtle document management systems has risen. This has accelerated the use of document management software in these sectors. Healthcare, however, tops the table with respect to higher adoption and valuation, comparatively.

North America is the largest region, followed by Europe. The market valuation in these regions is expected to go above or near US$ 3 Bn by 2028 end. China also has shown increased inclination towards use of document software. Document software market in China is projected to expand at a significant rate in the coming years.

Competition Tracking

The key players profiled in the report are Toshiba Corporation, IBM Corporation, OpenText Corp., Asite, Ideagen, Alfresco Software, MasterControl, Computhink, eFileCabinet, OfficeGemini, Adobe Systems Incorporated, SmartFile, Lucion Technologies, Intranet Connections, FOLDERIT and LogicalDOC.

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Biofuel Enzymes Market | One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2028

Organizations such as NREL (National Renewable Energy Laboratory) of U.S. DOE (Department of Energy) are emphasizing on introducing new biofuel enzymes that would be beneficial in eradicating technical and economic barriers, thereby avoiding cellulose biofuels from turning out to be a commercial reality.

Ethanol to Beef up Revenue Growth of Biofuel Enzymes Market

Rapidly increasing need for increasing efficiency and specificity of products is expected to dive in revenue growth of biofuel enzymes market. Rising government policies and growing environmental concerns for developing legislations with regards to blending of biofuel has turned out to be a notable driver in expanding biofuel enzymes market.

Increasing consumption of bio-based ethanol and biodiesel, which helps in reduction of fuel cost as well as carbon-dioxide emissions further drives the revenue growth of biofuel enzymes market. Consumer shift towards usage of celluloses along with related enzymes for manufacturing of ethanol is likely to drive the growth of biofuel enzymes market.

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However, one of the main factors hindering the growth of biofuel enzymes market are high-cost of enzymes that are utilized for the manufacturing of lignocellulosic biofuel. Moreover, emerging opportunities in biofuel enzymes market are lignocellulosic ethanol commercialization with development of the low-cost enzymes benefitting lignocellulosic biofuel.

Regulatory Bodies to Play a Significant Role in Biofuel Enzymes Market of European Countries

US biofuel enzymes market is likely to grow at a faster pace with increasing number of mandatory practices with regards to blending of fuel. Europe and North America have been facing major challenges such as requirement to achieve Kyoto protocols, depleting natural resources, and greenhouse emissions and these are catered by means of biofuels, which in turn helps in lucrative contribution towards growth of biofuel enzymes market.

EU has been surging the use of bioenergy for the purpose of transportation and biofuel concerning to the high oil prices. This in turn has contributed significantly towards the substantial growth of biofuel enzymes market.

Acquisitions to Be the On-Going Strategy of Biofuel Enzymes Market Players

Key players in biofuel enzymes market are taking immense efforts in developing cheaper processes for the manufacturing of biofuels.

  • Advanced Enzyme Technologies Limited: The biofuel enzymes market player recently announced that its subsidiary named Advanced Enzymes Europe B.V. entered in a definitive contract with Evoxx Technologies GmbH of Germany for acquiring 100% share for nearly € 7.65Million. This step is also expected to benefit in business expansion along with R&D capabilities, thereby strengthening European presence. This in turn is expected to benefit the company’s biofuel enzymes product portfolio as well.
  • DowDuPont: The biofuel enzymes market player lately announced regarding it new stake repurchase purchase of nearly $3Billion and also is working heavily towards enhancing cost synergy commitments to around $3.6Billion with Y-O-Y saving upto $1.5Billion. Local prices have rose to 5% on pro forma basis with gains in all regions and divisions. Net sales have growth by double-digit in APAC as well as high single digit in rest of the regions. With increasing number of development plans, the company will also be working on expansion of its biofuel enzymes business.
  • Royal DSM: The biofuel enzymes market player has entered into a joint venture with Cargill for developing cost-effective and zero-calorie sweeteners. The new collaboration is expected to combine technologies of both the companies for manufacturing steviol glycoside products derived by means of fermentation and the products are expected to be sold under the name ‘EverSweet™’. With development of other divisions, Royal DSM is also planning to improve its biofuel enzymes product portfolio with growing need for processing.

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Biofuel enzymes market research report offers holistic study on the global market and consists of beneficial and factual insights along with industry validated and statistically supported market data.

The report consists of forecasts that has been taken up with the help of methodologies and various assumptions. Further, biofuel enzymes market research report delivers information and analysis based on the market segmentation, which includes industry, end-users and regions.

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Offshore Equipment Market | Share, Size, Growth, Competitor Landscape, and Regional Outlook by 2027

The growing demand for energy sources has compelled governments and corporations to invest in deep sea excavations to discover sites to extract petroleum which lies in rock formations beneath the seabed. Offshore excavation requires some necessary equipment to be carried out effectively and efficiently. These equipment can be hydraulic or pneumatic operated.

Some of these equipment are grinders, cranes, ROV tools, breakers, excavators, hydraulic cleaning tools, pressure intensifiers, rigs, drills, impact wrenches, sonar equipment, anvil and guillotine cutters, lifting equipment, etc.

Some of the primary functions of these equipment include rock dump removal; seabed preparation for templates and installation of jacket footprints; pipeline route preparation, such as sweeping; pipeline construction support which includes deburial and free span correction as well as pipeline lowering and drill cutting dispersal from around wellheads, templates and platform structures.

The progress of the process can be remotely monitored with the help of a sonar equipment, which is mounted on the side or on top of the equipment during offshore excavation. The equipment can also help to compare the site pre- and post- excavation in a 3D terrain model for better understanding and to ensure effective and accurate working.  Other than this, offshore equipment are also used for offshore spooling services.

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Offshore Equipment Market: Market Dynamics

Increasing investments in offshore excavation to find hydrocarbon reserves is expected to boost the global offshore equipment significantly. Also, various surveys and studies carried out by environmental institutions and non-governmental organizations to prevent marine ecosystem deterioration are also expected to support the growth of the offshore marine equipment market.

Underwater tourism is also expected to impact the global offshore equipment market positively over the forecast period. However, the high cost of offshore equipment as well as the cost of customization involved can restrain the growth of the global offshore equipment market.

Moreover, a lack of skilled labour to operate this equipment can also act as a restraining factor for this market. However, the option of taking this equipment on rent for a period of time rather than buying it is economical and is growing a trend.

Offshore Equipment Market: Regional Outlook

The Latin America region is expected to hold a relatively large market share and will dominate the Offshore Equipment Market owing to its high offshore production over the forecast period. Latin America will be followed by North America due to elevating exploration and deep drill projects in the Gulf of Mexico and the production of shale gas which will add to the national economy of the country.

Additionally, the Asia-Pacific region offers extensive growth opportunities in the offshore equipment market, mostly due to the extensive growth in exploration, underwater tourism as well as the development of marine equipment manufacturing capacities, particularly in some countries, such as China, India, Singapore, etc. The Rest of the world market is estimated to account for a relatively small share in the Offshore Equipment market.

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Offshore Equipment Market: Market Participants

Some of the market participants identified across the value chain of the global Offshore Equipment market are:

  • Huisman Equipment B.V.
  • Cathelco Limited
  • Jebsen & Jessen (SEA)
  • SPANCO Inc.
  • Vestil Manufacturing
  • GORBEL INC.
  • Konecranes Plc.
  • GH Cranes & Components
  • Kranbau Koethen GmbH
  • Cimolai Technology SpA
  • ROSNEFT
  • Halliburton
  • Mantis Marine
  • General Electric

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

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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 favour 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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Geothermal Power Infrastructure and Components Market | Development Status, Competition Analysis, Type and Application by 2027

Increasing population, urbanization and transformation of human-life with the technology has intensified the energy requirement worldwide. The increasing demand for power, coupled with depleting conventional energy sources and rising environmental concerns is substantiating the growth of alternate energy sources, and geothermal energy is one of them.

Geothermal energy is the heat generated and stored from within the earth, and has significant environmental advantages. The location of geothermal power plant is determined by the availability of natural resources, feasible for harnessing geothermal power. The geothermal energy plants are located on plane boundaries, where layer of earth continuously interact with the hot mantle below.

Geothermal energy is commonly utilized as a heat source to warm residential buildings across various parts of the world. The key equipment/ components of a geothermal power plant includes, steam production equipment, cyclone separator, exhaust silencer, flasher and heat recovery exchanger, among others. For reducing downtime and improve efficiency, advanced welding methods and specialized coatings are used on geothermal equipment, which also lead to their increased life.

Owing to increasing research and development about the unconventional energy resources, and huge potential for geothermal energy extraction is expected to contribute to the development of new plants, in turn creating significant opportunities for equipment and components suppliers in the global market.

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Geothermal Power Infrastructure and Components Market: Dynamics

On account of increased traction for the development of alternate energy infrastructure, new plants for geothermal energy are expected to go on-stream over the coming years, with increased demand for the components and equipment also generating from the already installed plants.

The market for geothermal power infrastructure equipment and components, however, is expected to witness steady growth over forecast period. The government as well as industrial support for the development of geothermal plants is further expected to push their development at feasible locations.

Geothermal Power Infrastructure and Components Market: Regional Outlook

Among key regions, North America is expected to be a key market over the forecast period, with U.S. leading the growth potential for geothermal energy generation. In the Asia pacific, Indonesia and Philippines are also observed to have significant market opportunities on account of the growth of geothermal energy generation over the past years, with Australia and New Zealand facilitating the regional market growth.

Led by Italy, Germany, Iceland, and France, the Europe market is also expected to witness growth, however, the moderate pace. The Latin America market is also expected to witness substantial growth opportunities, owing to the available resources across the region.

The political stability and socio-economic reforms, coupled with increased demand for energy, are further expected to push the growth for geothermal plant development, in turn creating demand for the necessary machine parts, equipment, and components in the region.

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Geothermal Power Infrastructure and Components Market: Participants

Some of the key participants identified across the value chain of global geothermal power infrastructure and components market are mentioned below:

  • JFE ENGINEERING Corporation
  • Turboden
  • US Geothermal
  • General Electric
  • Mitsubishi Heavy Industries
  • Ansaldo Energia
  • Terra-Gen
  • Mitsubishi Heavy Industries

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.

Geothermal Power Infrastructure and Components Market: Segmentation

Global geothermal power infrastructure and components market can be segmented on the basis of type, key equipment/ components, application/ end user, and regions.

On the basis of type, global geothermal power infrastructure and components market can be segmented as mentioned below:

  • Dry steam
  • Flash steam
  • Binary cycle

On the basis of application / end user, global geothermal power infrastructure and components market can be segmented as the below:

  • Power generation
  • Space heating
  • Aquaculture, Horticulture, and Others

On the basis of key components/ equipment, global geothermal power infrastructure and components market can be segmented as the below:

  • Steam production equipment
  • Cyclone separator
  • Exhaust silencer
  • Flasher
  • Heat recovery exchanger

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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.

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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 favour 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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Intrauterine Insemination (IUI) Devices Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

The global intrauterine insemination (IUI) devices market has witnessed a marginal slump in 2020, which can be attributed to the ongoing covid-19 outbreak.

Restrictions on production facilities, and the redirection of healthcare resources to handle the pandemic has hurt short-term market prospects.

However, the long-term prospects of the market remain bullish, with a new study by Future Market Insights (FMI) estimating the market to grow at nearly 3.8% CAGR.

According to the study, despite the steady growth of the intrauterine insemination (IUI) devices sector, strict regulations on fertility treatments, for demographics such as same sex couples in a number of countries hold back market growth.

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The market study by FMI covers an extensive overview of the market, with information on the dynamics of the intrauterine insemination (IUI) devices market. Some of the leading takeaways include:

  • The intrauterine insemination (IUI) devices market size was nearly US$ 35 Mn in 2019, with market growth falling moderately through the duration of the coronavirus outbreak, as lockdown restrictions hurt supply chains, and consumers display lower inclination to adoption.
  • IVF clinics will remain the primary users of intrauterine insemination (IUI) devices, the end user segment is expected to account for more than 55% of the market share over the assessment period.
  • Sperm wash product offerings in the intrauterine insemination (IUI) devices market are highly sought after, driven by higher efficacy in artificial insemination.
  • East Asia will remain a predominant market for intrauterine insemination (IUI) devices, supported by the low costs of healthcare and improvements to technology will boost adoption. Also, South Asia is expected to reflect strong growth owing to numerous domestic players.

Covid-19 Impact on Intrauterine Insemination (IUI) devices Market

The coronavirus pandemic has moderately impacted the intrauterine insemination (IUI) devices market, with restrictions on elective healthcare procedures.

Also, large scale lockdowns have also affected pricing owing to disrupted supply chains, hindering sales during the crisis period.

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Further, manufacturers are pushed to limit or close down production processes, for non-essential applications.

The demand for intrauterine insemination (IUI) devices is also likely to be affected by the coronavirus crisis, owing to health risk to pregnancies during this period.

These factors, in addition to a slump in consumer expenditure has hurt market size, and limited investments.

However, the market is expected to display recovery towards 2021, with gradual relaxation of lockdown restrictions.

Who is Winning?

In its latest report, Future Market Insights has provided an in-depth overview of the business strategies that are used in the intrauterine insemination (IUI) devices market.

Major market players in the industry have largely invested their resources into product development and launch strategies.

Strategic geographical and capacity expansions are also gaining prominence in the intrauterine insemination (IUI) devices market.

CooperCompany Inc., Cook Medical, Kitazato Corp., Rocket Medical Plc, Prince Medical, Gynotec B.V., Surgimedik Healthcare, Medgyn, and MediTech Devices Pvt. Ltd. are some of the more prominent players in the intrauterine insemination (IUI) devices market.

Key Segments

Product Type

  • IUI Catheters
    • Curved
    • Flexible
    • Straight
  • IUI Media/Sperm Wash

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End user

  • Hospitals
  • IVF Clinics

Region

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Benelux, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • Oceania (Australia and New Zealand)
  • Middle East & Africa (Saudi Arabia, Turkey, South Africa, Rest of MEA)

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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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Patient Identification Wristbands Market is set to experience a significant growth of 7.9% CAGR from 2022 to 2030

Patient safety is the key focus for healthcare organizations around the world. As a result, they are mobilizing latest technologies to offer safer and improved patient care. Patient identification solutions are therefore rolled out across hospitals and specialty clinics to ensure accuracy in patient identification and administer effective treatment that complement’s with patients’ health requirements.

In a recent report, Future Market Insights (FMI) studies the scope for expansion of the patient identification wristbands market. The report forecasts the market to record a robust expansion at nearly 7.9% CAGR between 2020 and 2030. Besides soaring cases of infection and focus on streamlining hospital management while saving time and cost incurred will drive the market for patient identification wristbands market.

The report sees lucrative prospects for the market in the rising implementation of radio frequency identification tags (RFID) technologies in the healthcare sector. With the uptake of automated identification technologies hospitals and other healthcare institutions are aiming at saving time and cost incurred by providing real-time identification, traceability, temperature, communication, and location data of patients.

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Using health information technology to improve patient care has become a top priority for healthcare organizations around the world. Besides this, technologies such as patient identification wristbands promise to up the overall quality of patient care. FMI sees the rising focus on improving the overall quality of services as a key factor driving the market for patient identification wristbands.

Some of the key takeaways from the report are:

  • The market for patient identification wristband was valued at US$ 374.7 Mn in 2019
  • North America is forecast to remain a lucrative market, driven by strong demand in the US
  • South Asia and East Asia markets are forecast to rise at a higher CAGR
  • Market is forecast to remain competitive, thanks to the high degree of fragmentation yet tier one companies are expected to hold sway
  • Demand for better managing patient care and monitoring treatment administered amid soaring cases of chronic ailments, patient identification solutions will prove indispensable to healthcare sector

COVID-19 Impact on Patient Identification Wristbands Market

Partial and complete lock down of economies during pandemic crisis has greatly hampered the production of patient identification wristbands. The unprecedented COVID-19 outbreak has yet again brought the fragile pharmaceutical supply chain to the limelight.

Emergency care as well as supply of drugs are hampered during pandemic and so is the production of patient identification wristbands. While operations in the market is expected to remain sluggish, they are forecast to recover amid rising demand from June 2020.

The market is likely to experience short-term negative impact owing supply chain disruptions caused by the pandemic crisis. However, government stimulus to essential services such as healthcare, will help the market stay afloat amid the tumultuous times.

Who is winning?

The presence of several companies has rendered the patient identification market highly fragmented. Competition witnessed in the market is therefore soaring, although majority of share is held by the tier 1 companies.

In order to navigate through prevailing competition, most companies are aiming at making a mark overseas. For this, they are adopting strategic collaborations to expand their footprint worldwide and boost their product portfolio.

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Some of the companies have even invested in setting up new facilities in the past to gain competitive advantage. For instance, in March 2018, Medline opened a new warehouse in the U.K. to leverage and support their business operation in the country.

To Know More about Patient Identification Wristbands Market:

A new market research report published by Future Market Insights (FMI) on the global patient identification wristbands market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through six different segments – product, materials, closure type, age group, end use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of patient identification wristbands and product adoption across several end-use industries.

About the Healthcare Division at Future Market Insights

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

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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Seismic Services Market | Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2027

Seismic services facilitate the seismic surveys by delivering necessary data and results related to geophysical properties of the Earth’s crust & ocean bed. Seismic services include design & pre-planning of 2D and 3D surveys, data acquisition, data processing and data interpretation.

Seismic services help the oil and gas companies to make critical exploration and reservoir decisions.  Seismic services facilitate oil companies to locate reservoirs and define oil and natural gas fields. Moreover, seismic services are used to accurately plan locations for wells by minimising the need for further exploration and reducing negative environmental impact.

The seismic services market is forecasted to experience moderate growth. Moreover, data acquisition, a type of service offering is expected to hold significant market share and is estimated to witness robust growth during the forecast period. In terms of technology, 3D imaging is expected to hold prominent market share among other technologies in the global seismic services market.

Engaging in research and development allows the associated companies to adapt to the changes in the dynamic and growing seismic services market. The oil and gas companies utilise seismic services to plot and interpret potential petroleum reserves beneath the Earth’s surface.

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Global Seismic Services Market: Dynamics

Seismic services include a collection of seismic data with the purpose of creating a 2D or 3D image of the Earth’s subterranean. The data is utilised by the oil and gas companies to reduce the risk in the boring process. Thus, the demand for seismic services is driven by the exploration and production (E&P) activity.

Consequently, this activity is in turn driven by the price of natural gas, oil and end-user demand. The seismic services market is expected to witness significant growth rate, owing to the developments in the construction industry. With the continuous development of the infrastructure and construction industry, the requirement of seismic surveys has increased and thus, driving the growth of the seismic services market.

Seismic services are followed by seismic surveys. Offshore seismic surveying creates too much noise, which consequently affects the marine mammals. As a result, some countries have formulated stringent laws, which hamper the growth of the seismic services market in the region. Moreover, reduction in capital expenditure by the oil and gas companies owing to fluctuating petrochemical prices is the restraining the seismic services market.

Many innovations are being carried out with the help of advanced seismic services technologies to enhance the imaging quality and to acquire accurate reservoir details.

Global Seismic Services Market: Regional Outlook

North America observes increasing offshore exploration in the regions, such as the Gulf of Mexico. The region has widespread untapped resources, which creates an opportunity for the oil and gas exploration companies. Consequently, explorations in this region drive the seismic services market.

Presence of a large number of exploration and production sites in the Middle East boosts the demand for the seismic services market.

Europe observes a moderate growth rate for seismic services as new exploration activities are flourishing. Asia-Pacific is observing peak growth rate in the seismic services market, as most of the regions are suitable for shooting 3D seismic surveys. In order to meet the growing demand in the region, oil companies are focusing on the collection of pre-drilling data. The aforementioned fact triggers the seismic services market in this region.

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Global Seismic Services Market: Key Participants

Example of some of the market participants in the global seismic services market identified across the value chain include:

  • Petroleum Geo-Services (PGS)
  • Geokinetics Inc.
  • WGP Exploration Ltd.
  • Schlumberger Limited
  • Viking Services
  • Geotech Seismic Services
  • Nodal Seismic, LLC
  • IG Seismic Services PLC
  • SAExploration Holdings, Inc.
  • SeaBird Exploration Group
  • Paragon Geophysical Services, Inc.
  • CGG
  • Spectrum ASA
  • ASIAN Oilfield Services Ltd.
  • Polaris Seismic International
  • Sterling Seismic Services Ltd.
  • Amerapex Corporation
  • Echo Seismic Ltd.
  • READ Group
  • Fugro N.V.

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

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour 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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Ablation Devices Market is expected to register 11.3% CAGR between 2022 and 2029

Ablation devices are gathering momentum around the world, owing to their proven procedural efficacy, improved safety profiles, and awareness in current asymptomatic procedure-related events. Over the last decade, ablation devices have undergone significant technical improvements. These devices offer the benefits of enhanced patient quality of life, patient safety, and clinician efficiency, and are used as a frontline therapy.

Decrement in long-term hospitalization and minimal invasion are critical factors that are expected to propel the growth of the ablation devices market over the coming years. Ablation devices have gained clinical significance on the basis of effective treatment across various medical applications, as well as due to shorter recovery time with affordable minimal invasive procedures. Moreover, rising prevalence of chronic diseases such as cardiovascular diseases and tumors are expected to provide impetus to market growth.

However, the coronavirus (COVID-19) pandemic has put forward a challenging situation for players in the ablation devices market. The pace at which the pandemic is spreading and the resultant humanitarian toll is making it difficult for market players to react accordingly. As the healthcare industry is addressing the pandemic along with patients’ ever-evolving expectations, market players are devising future-ready strategies to brace themselves for the humanitarian and economic concerns ahead.

The global ablation devices market was valued at US$ 2.7 Bn in 2021, and is anticipated to witness a CAGR of 11% during the forecast period (2022–2029).

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Key Takeaways of Ablation Devices Market Study

  • Advanced ablation catheters has emerged as the largest segment by product type, representing 68% of overall revenue of the ablation devices market in 2021. This is attributed to being a viable alternative management strategy and their frequent use in the clinical management of paroxysmal atrial fibrillation. Further, better clinical outcomes through new ablation technologies to treat most arrhythmias and certain types of structural heart disease are responsible for their significant market share.
  • Hospitals accounted for a leading revenue share of 52%, owing to the availability of ablation devices and skilled personnel for better clinical management of various diseases across several medical domains.
  • Radiofrequency captured a major value share in the technology segment, attributable to its lesser potential risk and side effects, lesser recovery time, and its effective application on patients suffering from multiple tumors.
  • By functionality, automated or robotic ablation devices are expected to grow at an impressive rate; these accounted for around one-third of the global ablation devices market in 2021.
  • Cumulatively, North America and Europe hold a major share of the global ablation devices market, with the former holding a noteworthy share, and is expected to progress at a high CAGR during the forecast period.
  • Increasing prevalence of chronic diseases, high purchasing power, technology advancements, and government support for quality healthcare are contributing to the hegemony of North America in the ablation devices market, in terms of value.

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Ablation Devices Manufacturers to Focus on New Product Launches

Continuous upgradation and product launches in the ablation devices market are spurring intense competition among market players. Several companies are focusing on new product approvals for ablation devices. For example, in February 2020, Hologic, Inc. launched a next-generation NovaSure ADVANCED global endometrial ablation (GEA) system in the U.S. This system has been approved by the Food and Drug Administration (FDA). Regional and local players are also implementing these differentiating strategies to sustain their competitiveness.

Ablation Devices Market by Category

By Product Type:

  • Bipolar Energy Ablation Devices
  • Cryotherapy Ablation Devices
  • Hydrothermal Ablation (HTA) Devices
  • Thermal Balloon Ablation Devices
  • Advanced Ablation Catheters
    • Cryoablation Catheters
    • Irrigated tip RF Ablation Catheters
    • Laser Ablation Catheters
  • Standard Ablation Catheters
    • Conventional Radiofrequency Ablation Catheters
  • MRI Guided Neurosurgical Ablation
    • MRI Guided Laser Therapy Systems
    • MRI Guided RF Ablation Systems
    • MRI Guided Focused Ultrasound Systems
    • Accessories

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By Technology:

  • Laser
  • Radiofrequency
  • Microwave
  • Ultrasound
  • Others

By Application:

  • Cardiovascular
  • Cancer
  • Urological
  • Ophthalmic
  • Others

By Functional:

  • Automated Robotics
  • Conventional

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • 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.

Contact:

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Robotic Catheterization Systems Market is set to experience a significant growth of 14.8% CAGR from 2022 to 2029

A recent clinical study radiation level research with robotic catheterization and normal cardiac intervention procedures reveals that robotic catheterization systems show reduction of ionizing radiation exposure by 95%.

This factor will be prominent in pushing the preference for robotic catheterization systems as an effective procedure for catheterization. Projected to reach US$ 42.9 Mn by the end of 2022, robotic catheterization systems market is set to thrive at an impressive CAGR of 14.8% during the forecast period 2022 – 2029

Interventional and surgical robotic systems have already made a significant impact on how surgeries are performed and are being increasingly adopted in modern operating rooms. Robotic catheterization systems have proved their abilities to perform interventional procedures with immensely low operator radiation exposure in comparison to the tradition catheterization procedures.

Procedures where clinicians are given navigational and mechanical tools that permit definite actions or part of the procedure to be executed autonomously with a level of precession and control are possible only with robot-assisted catheterization.

Key Takeaways – Robotic Catheterization Systems Market Study

  • Popularity of robotic catheterization systems, increasing system awareness, improving reimbursement scenarios for percutaneous coronary intervention (PCI), larger patient pool for coronary artery diseases are key factors influencing the robotic catheterization systems market in developed countries.
  • High upfront cost is posing a negative impact on end users’ decision to purchase robotic catheterized systems. To rework this problem, Hansen Medical is offering sensei system at a competitive pricing depicting lower accessory cost and lower total cost per procedure.
  • Robotic catheterization systems installed in Chesapeake Regional Healthcare marks as the first fully integrated catheterization laboratory installed in its all intervention operating room.
  • In terms of product type, electromechanical robotic catheterization systems with comparatively higher technical advantage over magnetic-guided robotic catheterization systems is expected to generate significant revenue.
  • In terms of application, increasing adoption of robotic catheterization for percutaneous coronary intervention as compared to cardiac electrophysiology procedure marks higher revenue potential.

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The first ever successful robotic PCI procedure in Asia Pacific that delivered positive results will be offering an inception point for the growth of robotic catheterization systems market in developing Asian economies.

Market Leaders on Acquisition Spree

In reference to the trend in other medical device markets, key factors impacting the robotic catheterization systems market are partnerships and mergers observed in recent years. Key manufacturers are entering the robotic catheterization systems market by strategically expanding their reach through acquisitions and mergers, considering the increasing demand for these systems.

Product bundling of robotic catheterization and accessory systems at promotional rates and research contracts are forcing a decline in ASPs. Companies are focusing on limiting operational expenses to grow profitability. In contrast to these market changes, another significant factor influencing the robotic catheterization systems market is the exit and entrance of co-participating companies.

In August 2022, Corindus Vascular Robotics Inc., a prominent developer of precision vascular robotics, declared that it has settled on acquisition by Siemens Healthineers AG., representing a collective purchase price of approximately $1.1 billion.

In April 2016, Hansen Medical Inc. was acquired by Auris Surgical Robotics Inc. in an arrangement with roughly US$ 80 Mn of equity value. With Hansen portfolio, Auris attained Magellan Robotic System, employed in navigating peripheral blood vessels in endovascular procedures, and Sensei Robotic System, a robotically steerable catheter system.

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Looking for More Insights?

Robotic catheterization systems market, a new study from Future Market Insights, provides unparalleled insights on evolution of the robotic catheterization systems market during 2014 – 2021 and presents demand projections during 2022 – 2029 on the basis of product category (Electromechanical robotic catheterization systems, magnetic-guided robotic catheterization systems), application (percutaneous coronary intervention, cardiac electrophysiology procedures), and end user (hospitals, ambulatory surgical centers, catheterization laboratories) across seven prominent regions.

Key Market Segments Covered in Robotic catheterization systems Industry Research

By Product :

  • Electromechanical Robotic Catheterization Systems
  • Magnetic-Guided Robotic Catheterization Systems

By Application :

  • Percutaneous Coronary Intervention
  • Cardiac Electrophysiology Procedures

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By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Catheterization Laboratories

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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Nucleic Acid Isolation and Purification Market is expected to reach US$ 994 Million by 2022

Future Market Insights (FMI), in its latest publication, outlines the future trajectory of the global nucleic acid isolation and purification market through 2029. According to the report, worldwide sales of nucleic acid isolation and purification kits were valued at ~US$ 994 million in 2022, and are estimated to register a Y-o-Y growth of ~4% in 2022. As the consistency and reliability of molecular diagnostic results relies heavily on the quality of genetic material i.e. DNA and RNA, manufacturers are focusing on offering high-quality products, ensuring improved yield and purity.

With growing need to understand and characterize microbial diversity, including that associated with human body, governments as well as private companies are increasingly investing in life science projects, thereby creating a greater demand for nucleic acid isolation and purification. While the high cost challenge persists, shortage of skilled professionals in healthcare and biopharma industries remain the longstanding challenges.

“Rapid and efficient methods or products to extract genomic RNA and DNA from virtually any biological sample have been growing in demand to ensure the success of downstream applications in molecular biology. With growing research on detection of tumor specific changes, FMI study finds that nucleic acid isolation and purification market vendors are exploring new technologies to facilitate ease-of-use and minimize user-error of their products.”

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Future market Insights’ study reveals that the nucleic acid isolation and purification market is likely to expand at a CAGR of ~5.6% during the period 2022-2029. One of the key influencing factors is manufacturers’ focus to direct their investments towards advanced technologies such as magnetic-bead or bead-beating technology, to align with end users’ demand for an effective system for extraction of high-quality starting material and efficient inhibitor removal. The unique challenges for extracting and purifying nucleic acid from different organisms and tissue types, have also brought more focus on customized systems and solutions.

Advances in Microbiome Research to Dictate Manufacturers’ Growth Strategies

In comparison with RNA isolation kits, manufacturers continue to increase innovations and production of DNA isolation kits, as the category is expected to account for larger share in the market during the forecast period. As per the study, lucrative opportunities are identified in increasing application scope of DNA isolation and purification kits in various academic research institutes, contract research organizations, and biotechnologies companies to not only successfully extract the DNA but also to minimize the presence of contaminants and prevent nucleic acid degradation during preparation.

As genomic and microbiome research advances, manufacturers are working on automating the nucleic acid isolation and purifications kits to recover DNA and RNA from the toughest samples used in microbiome work such as soil and stool samples.

Growth prospects of the nucleic acid isolation and purification market, as the study opines, are relatively high in developed countries of North America and Europe. Hefty investments in R&D on molecular biology and precision medicines over gradual increase in the prevalence of cancer, genetic disorders, and complex diseases are likely to influence the manufacturers to enhance their production capabilities.

Tapping into opportunities in China and Japan for acquiring local players and increasing manufacturing facilities will provide the added advantage to gain a new customer base. As innovations zoom in, a number of market players are working on offering products that are free of toxic organic solvents and enable cost-effective method to extract and purify PCR-ready DNA or RT-PCR-ready RNA from numerous samples.

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The report also offers an incisive outlook on the competitive landscape of nucleic acid isolation and purification market. As per the study, extensive M&A activities and new launches remain the key focus areas of the market players. In addition, they are emphasizing on strengthening outsourcing and solutions through strategic collaborations.

Nucleic Acid Isolation and Purification Market by Category

By Product:

  • DNA Extraction and Purification Kits
    • Column Based Kits
    •  Magnetic Beads
    •  Reagent Based Kits
  • RNA Extraction and Purification Kits
    • Column Based Kits
    • Magnetic Beads
    •  Reagent Based Kits

By Application:

  • Plasmid Isolation and Purification
  • DNA Isolation and Purification
  • RNA Isolation and Purification

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By End User:

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Contract Research Organizations
  • Academic Research Institutes

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and 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:

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