Dental Imaging Equipment Market Size Reach USD 4,450.8 Million by 2034 at a 3.30% of CAGR

Dental Imaging Equipment Market
Dental Imaging Equipment Market

The global Dental Imaging Equipment Market is flashing a healthy smile, experiencing robust growth fueled by a surge in oral health awareness. According to market projections, the market is set to skyrocket from USD 3,216.9 million in 2024 to a staggering USD 4,450.8 million by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 3.30%.

Digital Dentistry: The Future

In the year 2019, the IDC (International Dental Show) was attended by the Institute of Digital Dentistry in Cologne, Germany. It threw light on the ways dentistry has evolved in the form of 3D printers, CAD materials, milling machines, and intraoral scanners. The institute otherwise provides training and CAD/CAM courses in New Zealand as well as online to keep the dentists and course attendees updated about clinical relevance and implementation of digitization by the key market players.

Digital Expansion: Key to Growth

As stated above, the market players are looking to provide digital imaging solutions to cater to the increasing number of patients with dental ailments. Some of the measures taken in this regard include:

  • In Jun 2020, Level Equity-backed Planet DDS signed an agreement to acquire Apteryx Imaging, a Canada-based publicly traded company to explore a wider arena in terms of geography
  • DENTSPLY Sirona Inc., in Oct 2019, launched 2 intraoral sensors (Xios AE and Schick AE) and 3D/2D imaging systems (Orthophos E, Orthophos SL 3D, and Orthophos S 3D)
  • In Oct 2019, Envista Holdings Corporation entered into a partnership with TeamSmile programs all through the US for propagating the use of KaVo SMARTmatic and KaVo MASTERtorque LUX M8900L

Key Takeaways of Dental Imaging Equipment Market

  • The market is expected to grow steadily, reaching a value of USD 4.45 billion by 2034.
  • Increased focus on oral health and preventive care is driving demand for dental imaging equipment.
  • Patients are seeking earlier diagnosis and treatment, prompting dental practices to invest in advanced imaging technology.
  • Manufacturers are innovating with touchless features, remote operation, and improved disinfection to meet post-pandemic needs.

“The players are shifting their gears towards digital imaging. This upgradation is expected to shape the Global Dental Imaging Equipment Industry.” says an FMI Analyst.

More Valuable Insights on Dental Imaging Equipment Market

Future Market Insights brings a 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 segments from 2015 to 2030. The Global Dental Imaging Equipment Industry 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 into the dental imaging equipment market based on product type, (Intraoral X-ray Systems, Intraoral Plate Scanners, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extraoral X-ray Systems, Cone-Beam Computed Tomography (CBCT) Imaging, Intraoral Cameras), by End User (Hospitals, Ambulatory Surgical Centers, Independent Dental Clinics, Forensic Laboratories), across seven major regions.

Leading Players in the Dental Imaging Equipment Market

The dental imaging equipment market is onto the digital spree. Digital imaging systems are being provided by the key players to cater to the increasing number of patients throughout. At the same time, AI is being tried out as an effective tool for dental digital solutions.

In line with the above-mentioned developments, twin robotic X-Ray system from Siemens provides a combination of 2D X-Rays with fluoroscopy along with 3D imaging.

The key players in dental imaging equipment including the ones mentioned above are:

  • Envista Holdings Corporation
  • Dentsply Sirona
  • Carestream Dental, LLC
  • Danaher Corporation
  • Acteon Group
  • Planmeca Oy

*The list is not exhaustive and is only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report

Dental Imaging Equipment Market: Segmentation The Global Dental Imaging Equipment Industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. Product Type

  • Intraoral X-ray Systems
    • Wall/Floor Mounted Intraoral X-ray Systems
    • Hand-Held Intraoral X-ray Systems
  • Intraoral Plate Scanner
  • Intraoral Sensors
  • Intraoral Phosphor Storage Plates
  • Extraoral X-ray Systems
    • Panoramic X-rays Systems
    • Cephalometric Projections Systems
  • Cone-Beam Computed Tomography (CBCT) Imaging
  • Intraoral Cameras

End Users

  • Hospitals
  • Independent Dental Clinics
  • Ambulatory Surgical Centres
  • Forensic Laboratories

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Regenerative Medicine Industry Set for Remarkable Growth, Projected to Reach USD 73,084.2 Million by 2033 at a 18.5% of CAGR

Regenerative Medicine Industry
Regenerative Medicine Industry

The Global Regenerative Medicine Industry is on track for a remarkable trajectory, with a projected market value of USD 73,084.2 million by 2033. This signifies a staggering growth rate, with the market estimated to be valued at USD 13,385.6 million in 2023. This translates to a Compound Annual Growth Rate (CAGR) of approximately 18.5% anticipated from 2023 to 2033.

Over the projection period, there will be a greater need for the regenerative medicine industry due to the global increase in the incidence and prevalence of chronic diseases like cancer, diabetes, ulcers, and cardiovascular disease.

Increasing awareness about regenerative medicines and increasing the ability of people to spend on better treatments are playing a key role in promoting the growth of the industry. The growing aging population and increased demand for regenerative medicine in treating age-related degenerative diseases are driving growth in the industry.

An increase in investment by government organizations in the development of regenerative medicine is a major factor boosting the growth of the global industry during the forecast period. The increasing demand for personalized medicines has led to the development of patient-specific therapies, driving demand in the market.

The growing technological advances in stem cell research, tissue engineering, 3D bioprinting, and gene therapy have expanded the possibilities within regenerative medicine. These technologies enable the development of more effective and targeted treatments, attracting investment and driving innovation in the field.

The rising incidences of genetic disorders such as cystic fibrosis and other rare disorders propel the growth of the regenerative medicine market, as these therapies have the potential to address the root causes of rare genetic and inherited disorders.

Global Regenerative Medicine Industry Key Takeaways:

  • From 2017 to 2022, the regenerative medicine industry was valued at a CAGR of 16.2%
  • Based on therapy type, tissue engineering segment is expected to account for a share of 43% in 2023.
  • Global regenerative medicine demand in Australia is predicted to account for a CAGR of 11.5% through 2033.
  • In the United Kingdom regenerative medicine industry is expected to account for a CAGR of 13.2% between 2023 and 2033.
  • China is projected to expand by a value CAGR of 27.2% between 2023 and 2033.
  • By 2033, the regenerative medicine industry in India is anticipated to record a CAGR of 15.5% during the forecast period.

“The increasing awareness of consumers, growing prevalence of chronic diseases, and rising needs for personalized medicine solutions are anticipated to drive the industry growth during the forecast period,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI) analyst.

Competitive Landscape from the Global Regenerative Medicine Industry:

The global regenerative medicine industry is highly fragmented due to the presence of several international as well as regional players. Key players in the global industry of regenerative medicine are engaged in regulatory approvals, technologically advanced products, the launch of new products, and acquisition & collaborative agreements with other companies.

  • In February 2020, Stryker Corporation acquired Wright Medical to expand its product portfolio.
  • In October 2020, Thermo Fisher Scientific, Inc. launched the Gibco CTS Rotea Counterflow Centrifugation System, a closed cell therapy processing system for developing and manufacturing scalable and cost-effective cell therapy.
  • Roche has invested in regenerative medicine through its subsidiary Genentech. They have been involved in stem cell research and regenerative approaches for neurological disorders. The company is exploring personalized medicine options using regenerative techniques.

Global Regenerative Medicine Industry Segmentation:

By Therapy type:

By Application:

  • Wound Care
  • Musculoskeletal
  • Oncology
  • Dental
  • DMD (Duchenne Muscular Dystrophy)
  • Hepatological Diseases
  • Inflammatory & Autoimmune Diseases
  • Other Therapeutic Applications

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Antibody Market to Reach USD 581.42 Billion by 2034 with a 8.1% of CAGR

Antibody Market
Antibody Market

Future Market Insights forecasts substantial growth for the global antibody market, which is expected to be valued at approximately USD 266.83 billion in 2024. The market is projected to expand at a robust compound annual growth rate (CAGR) of 8.1% from 2024 to 2034, with an anticipated market size of USD 581.42 billion by the end of the forecast period.

This significant growth translates to an absolute dollar increase of USD 315 billion, reflecting the escalating demand for antibodies across various therapeutic areas. The expansion is driven by advancements in antibody research and development, increasing prevalence of chronic diseases, and a growing emphasis on personalized medicine.

Advancements in biotechnology, an increase in the prevalence of chronic illnesses, and the rising demand for targeted therapies are key factors propelling the antibody market forward. Additionally, significant investments in research and development are leading to the innovation of new and more effective antibody-based treatments, further fueling market growth.

Antibodies are vital in the domains of medicine, pharmacology, research applications, and diagnostics. This is shown by the market’s expected growth. As an essential component of the immune system’s fight against infections, antibodies—also referred to as immunoglobulins—help prevent infectious diseases, autoimmune illnesses, and cancer.

Focus on High-Quality and Specificity

As research becomes increasingly sophisticated, the need for high-quality and highly specific research antibodies becomes paramount. This ensures accurate and reliable results, ultimately contributing to breakthroughs in scientific exploration and medical advancements.

Proteomics, genomics, and biotechnology developments have propelled the market’s substantial expansion for research antibodies. There are several different types of antibodies available on the market, such as recombinant, polyclonal, and monoclonal antibodies, all of which are designed to target different biomarkers and antigens. These antibodies are used by researchers in academic institutions, pharmaceutical companies, and biotechnology businesses to decipher intricate biological processes, identify disease pathways, and confirm possible therapeutic targets.

Key Takeaways: Research Antibodies Market:

The research antibodies market plays a pivotal role in advancing scientific discoveries and medical breakthroughs across various fields of study. Here are the key takeaways that highlight the trends, challenges, and opportunities within the research antibodies market:

  • Market Growth and Importance:
    • The research antibodies market is witnessing significant growth due to increasing demand for targeted and personalized medicine, as well as the expansion of life sciences research.
    • Research antibodies are crucial tools for identifying and studying specific proteins, biomarkers, and cellular components, enabling researchers to unravel complex biological processes.
  • Monoclonal vs. Polyclonal Antibodies:
    • Monoclonal antibodies (mAbs) offer high specificity and consistency, making them preferred choices for diagnostic and therapeutic applications.
    • Polyclonal antibodies (pAbs) have broader binding capabilities and are often used for detecting multiple epitopes.
  • Application Diversity:
    • Research antibodies find applications in various domains, including cancer research, neuroscience, immunology, stem cell research, and infectious diseases.
    • They aid in studying disease mechanisms, validating drug targets, and monitoring treatment responses.
  • Technological Advancements:
    • The development of recombinant antibody technologies has led to the generation of recombinant antibodies with improved specificity and reduced batch-to-batch variability.
    • Single-cell antibody sequencing and phage display techniques are enhancing antibody discovery and customization.
  • Quality and Reproducibility Concerns:
    • Ensuring antibody specificity, reproducibility, and validation has been a challenge, leading to concerns about irreproducible results in research.
    • Initiatives like the “Reproducibility Crisis” movement emphasize the importance of transparent reporting and validation of research antibodies.
  • Rising Industry Regulations:
    • Regulatory bodies are emphasizing the need for rigorous validation of research antibodies to ensure reliable and accurate experimental outcomes.
    • Guidelines for antibody validation, such as those provided by the International Working Group on Antibody Validation (IWGAV), are gaining traction.

Key Companies Profiled:

  • Abcam Plc
  • Agilent Technologies
  • Bio-rad Laboratories
  • Becton Dickinson & Company
  • Cell Signalling Technology, Inc.
  • F. Hoffmann La Roche Ltd.
  • Lonza Group
  • Merck Millipore
  • Perkinelmer Inc.
  • Thermo Fisher Scientific, Inc.

A Full Report – Overview

Market Segments Covered in Research Antibodies Market Analysis:

By Product Type:

  • Primary
  • Secondary

By Type:

  • Monoclonal Antibodies
  • Polyclonal Antibodies

By Technology:

  • Immunohistochemistry
  • Immunofluorescence
  • Western Blotting
  • Flow Cytometry
  • Immunoprecipitation
  • ELISA
  • Other Technologies

By Source:

  • Mouse
  • Rabbit
  • Goat
  • Other Sources

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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XYZ 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The global wearable fitness tracker market is anticipated to reach a valuation of US$ 30,922.1 million in 2024, driven by incorporation of AI and ML. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 15.7% between 2024 and 2034, and reaching a total valuation of approximately US$ 133,218.4 million by 2034.

One of the major factors contributing to the growth of the market is the subscription based models, which are adopted by some companies, where users pay for advanced features, premium content, or extended services within the fitness tracker ecosystem.

The establishment of regulatory standards for health and fitness wearables can provide a level of assurance for consumers regarding the accuracy and reliability of these devices. Regulatory support can also drive innovation and market growth by creating a more stable and trustworthy environment.

There is a growing interest in integrating continuous blood glucose monitoring into wearable fitness trackers. The feature can be particularly valuable for individuals with diabetes or those looking to monitor their glucose levels for overall health and fitness management.

Wearable fitness trackers with enhanced sleep tracking features are gaining popularity. Devices that not only monitor sleep patterns but also provide insights and suggestions for improving sleep quality are becoming more prevalent.

The integration of wearable fitness trackers with virtual assistants, such as Siri, Google Assistant, or Alexa, allows users to access information, set reminders, and control other smart devices using their fitness tracker. The trend adds a layer of convenience and functionality.

The rise of telehealth services presents an opportunity for wearable fitness trackers to integrate seamlessly with virtual healthcare platforms. The integration can enable users to share their health data with healthcare professionals for remote consultations and monitoring.

Key Takeaways from the Market Study

  • Global wearable fitness tracker market was valued at US$ 26,787.8 million by 2023-end.
  • From 2019 to 2023, the market demand expanded at a CAGR of 14.6%.
  • The market in India is expected to expand at a CAGR of 16.7% through 2034.
  • By product type, the wrist wear segment to account for a share of 43.4% in 2024.
  • From 2024 to 2034, wearable fitness tracker market is expected to flourish at a CAGR of 15.7%.
  • By 2034, the market value of wearable fitness tracker is expected to reach US$ 133,218.4 million.

Some manufacturers are exploring modular designs that allow users to upgrade specific components of their fitness trackers, such as sensors or display modules. The approach promotes longevity and reduces electronic waste, remarks an FMI analyst.

Competitive Landscape

Prominent players in the wearable fitness tracker market are Apple Inc., Fitbit Inc., Samsung Electronics, Sony Corporation, Xiaomi, Garmin Ltd., Fossil Group, Jawbone, TomTom International BV, and Huawei Technologies Co., Ltd., among others.

Recent Developments

  • In 2023, Huawei announced the launch of its new Huawei Watch GT 3 Pro, which features a new 30 day battery life and a new ECG app for detecting atrial fibrillation.
  • In 2022, Apple announced the launch of its new Apple Watch Series 7, which features a new larger display and a new fast charging feature.
  • In 2022, Samsung announced the launch of its new Galaxy Watch 4, which features a new Wear OS operating system and a new body composition analysis feature.

In the same year, Fitbit announced the launch of its new Fitbit Charge 5, which features a new stress management score and a new ECG app for detecting atrial fibrillation.

Key Companies Profiled

  • Apple Inc.
  • Fitbit Inc.
  • Samsung Electronics
  • Sony Corporation
  • Xiaomi
  • Garmin Ltd.
  • Fossil Group
  • Jawbone
  • TomTom International BV
  • Huawei Technologies Co., Ltd.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global wearable fitness tracker market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the wearable fitness tracker market, the market is segmented on the basis of product type (wrist wear, leg wear, smart garments, and others), application (pedometer, heart rate monitor, daily activity tracker, call text and calendar, sleep tracking, GPS tracking, and others), distribution channel (e-commerce, and retail stores), and age group (0 to 5 years, 6 to 18 years, 19 to 24 years, 25 to 44 years, 45 to 60 years, and 60+ years), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Segmentation Analysis of the Wearable Fitness Tracker Market

By Product Type:

  • Wrist Wear
  • Leg Wear
  • Smart Garments
  • Others

By Application:

  • Pedometer
  • Heart Rate Monitor
  • Daily Activity Tracker
  • Call Text and Calendar
  • Sleep Tracking
  • GPS Tracking
  • Others

By Distribution Channel:

  • E-Commerce
  • Retail Stores

By Age Group:

  • 0 to 5 Years
  • 6 to 18 Years
  • 19 to 24 Years
  • 25 to 44 Years
  • 45 to 60 Years
  • 60+ Years

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Urinary Tract Infection (UTI) Treatment Market Set to Reach USD 13,617.4 Million by 2034 at a 1.9% of CAGR

Urinary Tract Infection (UTI) Treatment Market
Urinary Tract Infection (UTI) Treatment Market

Future Market Insights projects the global urinary tract infection (UTI) treatment market to be valued at USD 11,244.0 million in 2024. The market is anticipated to experience steady growth, expanding at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2034, and is expected to reach a valuation of USD 13,617.4 million by 2034.

The rise in UTI treatment market size reflects ongoing advancements in treatment options and increasing awareness about urinary tract infections. Despite a moderate growth rate, the market is supported by a consistent demand for effective therapies and ongoing research aimed at improving patient outcomes.

The steady growth of the UTI treatment market reflects an increasing focus on addressing this common infection, which affects millions of individuals worldwide. Advances in treatment options, combined with a rising awareness of UTI prevention and management, are contributing to the market’s upward trajectory.

The urinary tract infection treatment market is poised for substantial growth in the foreseeable future, attributed to factors such as hormonal changes, inadequate personal hygiene practices, catheter usage, and other contributing factors. As the prevalence of urinary tract infections rises, the market is anticipated to experience noteworthy expansion in the coming years.

The heightened occurrence of chronic kidney diseases, including conditions like bladder cancer and renal failure, has resulted in a greater utilization of catheters and other drainage devices among patients. Individuals using urinary catheters face an elevated risk of developing complicated urinary tract infections, driving the demand for UTI treatment.

Supportive government policies, initiatives, and regulations can influence the market positively by fostering research and development in the field of UTI treatment. Increased spending on healthcare infrastructure and services, both in developed and developing countries, can positively influence the UTI treatment market.

The adoption of telehealth and remote patient monitoring technologies can facilitate better management and follow-up care for individuals with UTIs. Growing awareness among patients and healthcare professionals about the importance of early detection and prompt treatment of UTIs can contribute to market growth.

Urinary Tract Infection (UTI) Treatment Market Key Takeaways

  • From 2019 to 2023, the urinary tract infection (UTI) treatment market was valued at a CAGR of 2.1%
  • Based on indication, the uncomplicated UTI segment is expected to account for a share of 76.2% in 2024.
  • Global urinary tract infection (UTI) treatment demand in China is predicted to account for a CAGR of 2.0% in 2024.
  • In the United States, the urinary tract infection (UTI) treatment industry is expected to account for a CAGR of 2.5% in 2024.
  • India is projected to expand by a value CAGR of 1.9% between 2024 and 2034.
  • The urinary tract infection (UTI) treatment market in Japan is anticipated to record a CAGR of 2.1% in 2024.

“Increased prevalence of urinary tract infections and strategic advancements in treatment options propel the growth of the urinary tract infection treatment market.” says an FMI analyst.

Urinary Tract Infection (UTI) Treatment Market Competitive Landscape

The market players are investing in ongoing research and development activities to discover and develop new and more effective UTI treatment options. This could involve the exploration of novel antibiotics, combination therapies, and innovative drug delivery methods. Expanding market presence by entering new geographic regions and enhancing distribution networks to ensure wider availability of UTI treatments.

  • Bristol-Myers Squibb Company focuses on the development of drugs in various therapeutic areas, including infectious diseases. They might have products related to UTI treatment.
  • Janssen Global Services LLC is a pharmaceutical company under the umbrella of Johnson & Johnson. They may have products related to infectious diseases, including UTI treatment.
  • Lupin is an Indian multinational pharmaceutical company. They might have a range of pharmaceutical products, including those related to infectious diseases.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global urinary tract infection (UTI) treatment market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the urinary tract infection (UTI) treatment industry, the industry is segmented based on Drug Class (Penicillin & Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides (Sulfamethoxazole, Trimethoprim), Azoles and Amphotericin B, Tetracycline (Doxycycline), Nitrofurans (Nitrofurantoin), Others) By Indication(Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection) By Distribution Channel(Hospital Pharmacies, Gynecology and Urology Clinics, Drug Stores, Retail Pharmacies, Online Drug Stores) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Key Players operating in the Urinary Tract Infection (UTI) Treatment Market are

  • Allergan
  • Bayer AG
  • Pfizer, Inc.
  • GlaxoSmithKline plc
  • Bristol-Myers Squibb Company
  • Janssen Global Services, LLC
  • Lupin Ltd
  • Merck & Co., Inc.
  • Almirall, S.A
  • Dr. Reddy’s Laboratories Ltd.

A Full Report – Overview

Urinary Tract Infection (UTI) Treatment Market – Key Segments

By Drug Class:

  • Penicillin & Combinations
  • Quinolones
  • Cephalosporin
  • Aminoglycoside Antibiotics
  • Sulphonamides (Sulfamethoxazole, Trimethoprim)
  • Azoles and Amphotericin B
  • Tetracycline (Doxycycline)
  • Nitrofurans (Nitrofurantoin)
  • Others

By Indication:

  • Complicated
  • Uncomplicated

By Distribution Channel:

  • Hospital Pharmacies
  • Gynecology and Urology Clinics
  • Drug Stores
  • Retail Pharmacies
  • Online Drug Stores

By Region:

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

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Wearable Medical Device Market to Reach USD 84.8 Billion by 2034 at a 8.2% of CAGR, Reports Future Market Insights

Wearable Medical Device Market
Wearable Medical Device Market

Future Market Insights forecasts robust growth for the global wearable medical device market, with sales expected to reach USD 38.5 billion in 2024. The market is projected to grow at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2024 to 2034, culminating in a market size of USD 84.8 billion by the end of 2034.

Wearable medical devices, which encompass a range of technologies designed for continuous health monitoring and management, are increasingly becoming integral to modern healthcare. These devices offer users the ability to track vital signs, manage chronic conditions, and improve overall health outcomes with real-time data and personalized insights.

Wearable medical devices are emerging as a pivotal solution to address these challenges, offering continuous monitoring and real-time data collection. This trend is further accelerated by the active encouragement of routine diagnosis by regional and national healthcare agencies through awareness programs and various campaigns. These initiatives are fostering heightened awareness among the masses regarding the benefits of wearable medical devices for monitoring and diagnosing vital signs.

Key Takeaways from the Wearable Medical Device Market Report

  • The wearable medical device market achieved a market size of US$ 36,604.3 million in 2023. During the historical period, the market registered a CAGR of 7%.
  • By product, the wearable therapeutic medical device segment is estimated to acquire a value share of 55% in 2024.
  • Based on the application, the home healthcare segment is anticipated to obtain a market share of 63% in 2024.
  • The wearable medical device industry in the United States is expected to expand at a CAGR of 5% through 2034.
  • The wearable medical device market in France is projected to register a CAGR of 8% from 2024 to 2034.
  • The wearable medical device market in India is estimated to record a staggering CAGR of 40% over the forecast period.
  • The market in Singapore is projected to grow at a CAGR of 10% through 2034.

“Continuous advancements and release of upgraded wearable medical devices by leading players are expected to be a go-to-market strategy of leading players. Additionally, players are expected to explore the potential of wearable medical devices in various new segments,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape in the Wearable Medical Device Market

Market players are developing advanced wearables and exploring new application cases for wearable medical devices, which is contributing to market growth. The industry participants are acquiring firms with complementary technologies and collaborating with other healthcare institutions, technology providers, and pharmaceutical firms to expand their distribution channels, leverage expertise, and develop integrated solutions.

Players are further emphasizing privacy and data security and prioritizing user-friendly designs to boost user adoption and compliance. Industry participants are getting involved in targeted marketing campaigns toward certain healthcare professionals and patient segments to elevate brand recognition and drive device adoption.

Recent Developments in the Wearable Medical Device Market

In July 2023, Dexcom, a developer of constant glucose monitors, revealed that it is making a Type 2 diabetes monitor for patients who don’t require insulin. The company also offers a cash-pay choice for patients not secured by health insurers and Medicare.

  • In July 2023, Samsung announced that it is gearing up to launch the ‘Galaxy Ring’ equipped with smart health features in 2024. For the success of its recent wearable endeavor, the Korean tech giant is collaborating with international as well as domestic component manufacturers.

Manufacturers of the Wearable Medical Device Market

  • Medtronic plc
  • Siemens AG
  • Fitbit Inc.
  • Bayer AG
  • Panasonic Corporation
  • Animas Corporation – Johnson and Johnson
  • Smiths Medical – A Smiths Group Company
  • Koninklijke Philips N.V.
  • Owlet Baby Care
  • OMRON Corporation
  • Hoffmann-La Roche Ltd
  • Rest Devices Inc.
  • Others

A Full Report – Overview

Wearable Medical Device Market Segmentation

By Product:

  • Wearable Monitoring and Diagnostic Devices
  • Fetal and Obstetric Devices
    • Wearable Foetal Monitors
    • Infant Motion Sensing Monitors
  • Continuous Glucose Monitoring Devices
  • Cardiac Monitoring Devices
    • Wearable Heart Rate Monitors
    • Wearable Pulse Oximeters
    • Wearable Blood Pressure Monitors
  • Wearable Therapeutic Medical Device
  • Hearing Aid
  • Insulin Pump
  • Respiratory Therapy Devices
  • Health and Fitness Devices

By Application:

By Distribution Channel:

  • Hospital Pharmacies
  • Clinics
  • Online Channels
  • Hypermarkets

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 based on Source, Application, Sales Channel, and End Use over the next 10-years.

Contact Us:          

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Chilling Trends: The Booming Wine Cooler Market Set to Surge to USD 4.99 Billion by 2033

The wine cooler market is projected to reach USD 2,790.1 million in 2023, with sales expected to surge to USD 4,996.6 million by 2033. This growth represents a compound annual growth rate (CAGR) of 6% from 2023 to 2033.

One emerging driver of this growth is the rising trend of wine collecting as an investment. Collectors are increasingly seeking sophisticated wine coolers that provide optimal storage conditions, ensuring the preservation and enhancement of their valuable collections over time.

The wine cooler market is bubbling with potential as it continues to grow and evolve. With wine becoming an increasingly popular choice for both casual and formal occasions, the demand for wine coolers—designed to keep bottles at their optimal temperature—is on the rise. This blog explores the current market landscape, key growth factors, emerging opportunities, and the competitive arena shaping the future of wine coolers.

Wine Cooler Market: Market Overview

The wine cooler market has seen a steady rise, driven by a growing appreciation for wine and an increasing number of households and businesses investing in wine storage solutions. These appliances not only enhance the wine-drinking experience but also offer convenience and style. From sleek, modern designs to advanced cooling technologies, wine coolers are becoming a must-have for wine enthusiasts.

Growth Factors

  1. Increasing Wine Consumption: As wine consumption grows globally, so does the need for proper storage. Wine coolers offer a dedicated space to preserve wine at ideal temperatures, driving their demand.
  2. Rising Wine Culture: The rise of wine culture and wine appreciation among millennials and affluent consumers is fueling interest in specialized wine storage solutions. Wine enthusiasts are investing in wine coolers to ensure their collections are stored properly.
  3. Advancements in Cooling Technology: Modern wine coolers come equipped with advanced cooling technologies that maintain precise temperature control and reduce vibrations. Innovations such as dual-zone cooling and energy-efficient systems are enhancing consumer appeal.
  4. Growing Popularity of Home Bars: The trend of creating home bars and entertainment spaces is boosting demand for wine coolers. Consumers seeking to replicate a professional wine storage experience at home are driving the market.
  5. Luxury and Premium Products: There is an increasing demand for high-end and luxury wine coolers that offer premium features, custom designs, and enhanced performance. This trend reflects the broader shift towards personalized and sophisticated home appliances.
  6. Rising Disposable Income: Higher disposable incomes allow consumers to invest in quality wine storage solutions. The growth in affluent households is contributing to the market’s expansion.

Opportunities in the Wine Cooler Market

  1. Emerging Markets: Growing wine consumption in emerging markets, particularly in Asia-Pacific and Latin America, presents significant opportunities for expansion. As wine culture spreads, so does the need for specialized storage solutions.
  2. Smart Wine Coolers: The integration of smart technology, such as app-controlled temperature settings and automated inventory management, offers exciting opportunities. Consumers are increasingly seeking tech-savvy appliances that offer convenience and control.
  3. Customization and Design: Offering customizable options, such as different sizes, finishes, and shelving configurations, allows consumers to tailor wine coolers to their specific needs and home decor. This trend is driving demand for bespoke solutions.
  4. Sustainability and Energy Efficiency: With growing environmental awareness, there is a rising demand for energy-efficient and eco-friendly wine coolers. Brands that prioritize sustainable practices and energy conservation are likely to attract environmentally conscious consumers.
  5. Retail and Online Expansion: Expanding distribution channels through both brick-and-mortar retailers and e-commerce platforms offers greater market reach. Online sales, in particular, are growing rapidly as consumers seek convenient shopping experiences.

Competitive Landscape

The wine cooler market is competitive, with several key players dominating the space. These include:

  • Vinotemp: Known for its premium and customizable wine coolers, Vinotemp offers a range of products catering to both residential and commercial needs.
  • Haier: A major player in the home appliance industry, Haier provides a variety of wine coolers featuring advanced technology and modern designs.
  • Edgestar: Specializing in compact and efficient wine coolers, Edgestar appeals to consumers seeking space-saving solutions without compromising on performance.
  • Wine Enthusiast: With a focus on wine-related products and accessories, Wine Enthusiast offers a wide selection of wine coolers designed for enthusiasts and collectors.
  • La Sommelière: This brand is known for its high-quality wine coolers with precise temperature control, catering to both casual drinkers and serious collectors.
  • Cavevinum: Offering a range of luxury wine coolers, Cavevinum targets the high-end market with elegant designs and advanced features.

Market Segmentation

By Installation:

  • Built-in
  • Countertop
  • Freestanding

By End Use Industry:

  • Commercial
  • Residential

By Region:

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

 About Future Market Insights (FMI)

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

Contact FMI:   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Video Intercom Device Market to Total US$ 128,200 Million by 2033, Rising at a 13.2% CAGR | Future Market Insights, Inc.

According to a Future Market Insights (FMI) report, the market for video intercom devices was estimated to be worth US$ 32,780.7 Million in 2022. It is anticipated that the industry would be valued US$ 37,020.3 Million by 2023. The video intercom device market is going to expand at a 13.2% CAGR over the course of the forecast period, reaching a valuation of US$ 128,200.0 Million by 2033.

With a focus on convenience and sophisticated video surveillance, the market is anticipated to grow as new infrastructure is constructed in residential as well as business environments. For instance, since security is one of their top objectives, data centers are expected to increase and, as a result, bolster the demand for these devices.

Key Takeaways from the Market Analysis:

  • Over the course of the forecast period, the video intercom device industry in the United States will be growing at a 5% CAGR.
  • From 2023 to 2033, the Canada video intercom device industry is expected to expand at a 2% CAGR.
  • Video intercom device sales in the United Kingdom are projected to expand at a 5% CAGR over the course of the projected year.
  • From 2023 to 2033, the video intercom device market in France is anticipated to develop at a 8% CAGR.
  • Throughout the projected period, the China video intercom device industry is expected to expand at a rate of 9% CAGR.
  • In 2023, the market share of infant monitoring devices is projected to reach 5%.
  • The IP-based technology category accounted for 5% of the worldwide market in 2023.

“Rising demand for these devices for surveillance and security purposes at the entry-exit points of workplaces, societies, and buildings is anticipated to drive market expansion during the forecast period,” opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.

Competitive Landscape:

The market for video intercom devices has grown increasingly fragmented due to the presence of several local businesses. The top companies have also used a variety of strategies, such as collaborations, agreements, acquisitions, joint ventures, product launches, and expansions, to increase their market share.

To boost profitability, major global video intercom device companies are incorporating essential technologies such as facial recognition and complete artificial intelligence (AI).

Prominent Players in the Video Intercom Device Market are:

  • Panasonic Corporation
  • Honeywell Security
  • LEGRAND
  • Godrej Industries Limited
  • Zicom
  • Zenitel
  • Aiphone Corporation
  • Comelit Group S.P.A.
  • Dahua Technologies Co. Ltd
  • Hangzhou Hikvision Digital Technology Co. Ltd.

Key Developments:

  • In 2022, ASSA ABLOY acquired the developers of DoorBird. The ASSA ABLOY Group has purchased 100% of the assets in Bird Home Automation GmbH, the manufacturer of the DoorBird video doorbell. According to ASSA ABLOY, the purchase of DoorBird will strengthen its portfolio of IP door intercoms and present prospects for complementary expansion.
  • In 2022, Ring unveiled its newest device, which upgrades the apartment intercom to a smart one. The Ring Intercom is a do-it-yourself retrofit device that allows customers to connect to their home intercom and then use Wi-Fi to access the Ring application on their smartphone. It is intended primarily for use in European residential complexes with several flats (or apartments) sharing a single access point and a single audio intercom system.

More Valuable Insights Available:

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

To understand opportunities in the video intercom device industry, the market is segmented on the basis of product (baby monitoring system, handheld device, door/entrance system), technology (IP-based, analog-based), vertical (government, residential, commercial) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Video Intercom Device Industry Segmentation Analysis:

By Product:

  • Baby Monitoring System
  • Handheld Device
  • Door/Entrance System

By Technology:

  • IP based
  • Analog based

By Vertical:

  • Government
  • Residential
  • Commercial
  • Manufacturing/Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Family/Indoor Entertainment Centres Market Thrives with 13.3% CAGR, Set to Reach US$ 61 Billion by 2027

The worldwide family/indoor entertainment centre (FEC) market has grown significantly, and Future Market Insights (FMI) projects that by the end of 2027, sales would have increased significantly from over US$ 17 billion in 2017 to about US$ 61 billion. The industry’s remarkable rise, with a Compound Annual Growth Rate (CAGR) of 13.3% between 2017 and 2027, may be ascribed to the continuous introduction of new FECs, which have been crucial in promoting the industry’s steady progress

Key Takeaways

  • The Family/Indoor Entertainment Centres market is set to grow at an impressive CAGR of 13.3% from 2017 to 2027, reaching approximately US$ 61 billion in revenue by the end of the forecast period.
  • Rising disposable income, the importance of family leisure, and technological advancements are key drivers propelling the FEC industry’s growth.
  • North America and Europe lead the market, but Asia-Pacific and other regions are emerging as significant growth areas.
  • Regulatory challenges, high setup costs, and economic uncertainties pose restraints to market expansion.
  • Categories such as indoor amusement centers, trampoline parks, adventure parks, and food and beverages are driving growth within the FEC market.

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period.

The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Million and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

Market Taxonomy

By FEC Type:

  • Arcade Studios
  • VR Gaming Zones
  • Sports Arcades
  • Others

By Visitors Demographics:

  • Families With Children (0–9)
  • Families With Children (9–12)
  • Teenagers (12–18)
  • Young Adults (18–24)
  • Adults (24+)

By Facility Size:

  • <5,000 Sq. ft.
  • 5,001 to 10,000 Sq. ft.
  • 10,001 to 20,000 Sq. ft.
  • 20,001 to 40,000 Sq. ft.
  • >40,000 Sq. ft

By Attendance per day:

  • <25,000
  • 25,001 to 50,000
  • 50,001 to 100,000
  • 100,001 to 250,000
  • >250,000

By Revenue Source:

  • Entry Fees & Ticket Sales
  • Food & Beverages
  • Merchandising
  • Advertising
  • Others

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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GaN Power Devices Market Soars with 23.1% CAGR, Reaching US$ 800 Million by 2027

The Japan GaN Power Devices Market has exhibited remarkable growth, boasting a CAGR of 17.8% from 2012 to 2016. This trend is set to continue, with expectations of a soaring CAGR of 23.1% from 2017 to 2027. In 2017, the market value surpassed US$100 million, and projections indicate it will surge to over US$800 million by the end of 2027. Notably, this market is poised to generate an incremental opportunity exceeding US$700 million between 2017 and 2027.

Gallium Nitride (GaN) is the material, which is used for the manufacturing of semiconductor power devices as well as light emitting diodes and RF components. GaN has demonstrated the capability to be the displacement technology for silicon semiconductors in power conversion, analog applications and RF.

Japan to Remain Dominant in Global GaN Power Devices Market

The hardware industry in Japan is the prominent purchaser of the gadgets ventures across the globe. With a huge income share, demand for semiconductors is high and GaN power devices are being decreased, effective and with low capacitance, overtake nearly limiting vitality misfortunes amid charging and releasing. This factor is likely to increase demand for GaN products and in this manner market will gain momentum.

GaN has wide application as a part in transistors and due to its enhanced properties, for instance, high warm conductivity, high voltage potential, substantial basic fields, these gadgets deliver high exchanging frequencies and better power thickness empowering transistors tofre work at high voltage levels. Such type of transistors have many uses in various in different fields and provide better outcomes, this is another driving factor influencing growth of the market.

A best example for it is- a IT gear producing organization situated in Japan, Fujitsu Limited, in Jan 2016, built up a GaN high-portability transistor power developer with significant yield execution of the world for wideband remote broadcasts, that was 1.8X more noteworthy than some time recently, permitting over 30% more prominent range foe a fast remote system.

Increasing developing work activities in GaN substrate in charge of the development of the Japan GaN power devices market. Owing to GaN innovation highlights, for example, scaling down, high breakdown voltage, high exchanging recurrence, demand for GaN power devices has been propelling and continuous research has been finished by inquiries of focuses in Japan and incremental competences of GaN.

Moreover, couple of years ago, a team of specialist from the institute of Industrial science at the Tokyo University discovered other innovation for manufacturing GaN LEDs on the crystal substrate. Costs for fabrication can be cut down along with actuating OLED light boards, with implementation of this improvement.

Restraints

However, shrinking path of the semiconductor is the key factor that is limiting the growth of the GaN power devices market. Problems associated with present assembly and interconnect technologies are growing with expanding high current density in GaN devices. The major problem consist of low impedance interconnects, higher thermal resistance and lower thermal capacitance per chip requiring more chip temperature and better thermal interconnects.

The requirement for handling present densities per package and the similar heat flow generating by smaller footprints to be removed from the ambient atmosphere is also increasing. Such factors are anticipated to remain key challenge for growth of GaN market in Japan region.

Competitive Landscape

Several leading players operating in the market that are profiled in the report include Texas Instruments Incorporated, Qorvo, Inc., Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, and NXP Semiconductors N.V. The market is anticipated to witness section of acute number of GaN power gadget sellers in foreseeable period, increasing the opposition.

Some other prominent players in the market, that have huge contribution in the growth of the market are POWDEC, GaN Systems Inc., Wolfspeed, Inc., EXAGAN,Transphorm Inc., AIXTRON SE, STMicroelectronics, IQE PLC, and Efficient Power Conversion Corporation.

Market segmentation

By Technology

  • 4H-SiC MOSFET
  • HEMT
  • Others

By Wafer Material

  • GaN SiC
  • GaN Si

By Wafer Size

  • Less than 150mm
  • 150mm-500mm
  • More than 500 mm

By Industry

  • Consumer Electronics
  • Energy & Utilities
  • Automotive
  • IT & Telecom
  • Others

By Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube