Market Research Blog – Page 1298 – New Product Development

Global Automotive Sensors Market Projected to Hit USD 44 Billion by 2033, with an CAGR of 8.6% | FMI Reports

The global automotive sensors market is set to reach USD 19.2 billion in 2023 and is projected to grow to USD 44 billion by 2033, reflecting a compound annual growth rate (CAGR) of 8.6% over the forecast period.

This growth is driven by the rising adoption of alternative fuels and vehicles, which help lower fuel costs for consumers and enhance national energy security, thereby boosting market expansion. The increasing prevalence of alternative fuel vehicles is anticipated to further fuel market growth throughout the forecast period. Additionally, the integration of advanced systems and technologies in automobiles is expected to positively impact market development.

Modern vehicle safety systems are increasingly utilizing side airbag pressure sensors to improve passenger protection. These sensors, located in side doors, send digital crash signals to the central airbag control unit. Air pressure sensors also enhance engine efficiency by accurately controlling spark timing in both gasoline and diesel engines. Consequently, the market is likely to grow due to the expanding application of pressure sensors in both engine and safety systems.

Looking ahead, advancements in autonomous vehicle capabilities are expected to accelerate, driven by stricter regulations and safety standards. Features such as emergency brake assist and other safety technologies are becoming more prevalent, particularly in developed countries where regulations mandate features like cruise control and lane-keeping assist in all vehicles. In Europe, there is growing momentum for regulations around blind-spot monitoring.

Autonomous vehicles rely on long-range radar sensors for adaptive cruise control, medium-range radar sensors for blind-spot detection, and up to 12 ultrasonic sensors for parking assistance. As demand for autonomous driving features increases, the use of high-precision sensors is expected to rise accordingly.

Comprehensive Market Insights: Full Report Overview

Key Takeaways from the Automotive Sensors Market Report:

The United States automotive sensors market is expected to grow with a CAGR of 8.2% during the forecast period.
The demand for automotive sensors in India is expected to grow with a CAGR of 8.6% during the forecast period.
By vehicle type, passenger vehicles are projected to grow with a CAGR of 9.4% during the forecast period.
The market in China is expected to grow with a significant CAGR of 8.4% throughout the forecast period.

Competitive Landscape:

The market for automotive sensors is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, STMicroelectronics, Texas Instruments Incorporated, Allegro Microsystems, LLC, CTS Corporation, Elmos Semiconductor, Sensata Technologies.

Recent Developments:

In December 2022, Continental AG revealed its exclusive modules and sensors designed specifically for electromobility. The company showcased its Advanced Driver Assistance Systems (ADAS) integrated into the “CV3” SoC (System on Chip) family, which incorporates artificial intelligence (AI) technology from semiconductor startup Ambarella.
In November 2022, Infineon Technologies AG launched the XENSIV TLE4971 family as the newest addition to their current sensor series designed for automotive applications. These devices provide accurate magnetic current sensing by utilizing proprietary temperature and stress compensation techniques, eliminating the negative impacts of magnetic cores such as hysteresis or saturation effects.
In March 2022, CTS Corporation acquired TEWA Temperature Sensors SP. Zo.o. and its subsidiaries. This acquisition strengthens CTS’s temperature sensing platform and enhances its market presence in Europe.

Automotive Sensors Market Segmentation:

By Sensor Type:

Position Sensors
- Clutch Position Sensors
- Gear Position Sensors
- Throttle Position Sensors
- Crankshaft Position Sensors
- Steering Angle Position Sensors
- Camshaft Position Sensors
Safety Sensors
- Seat Belt Sensors
- Brake Switch Sensors
- Door Switch Sensors
- Blind Spot Detection
- Night Vision Sensors
- Light Sensors
- Parking Sensors
- Cruise Control
- Impact Sensors
- Anti-theft Sensors
Level Sensors
- Fuel Level Sensors
- Coolant Level Sensors
- Oil Level Sensors
Oxygen Sensors
Pressure Sensors
- Tire Pressure Sensors
- EGR Pressure Sensors
- Airflow Rate Sensors
Temperature Sensors
- Engine Coolant Temperature Sensors
- Rain/humidity Sensors
- Oil/Fuel Temperature Sensors
- Battery Temperature Sensors
- Air Temperature Sensors
Speed Sensors
- Wheel Speed Sensors
- Speedometer

By Vehicle Type:

Passenger Cars
- Compact
- Midsize
- Luxury
- SUVs
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturers
Original Equipment Supplier Spare Parts
Independent Aftermarket

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and 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 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

Silicon Anode Battery Market Expected to Hit USD 131.6 Billion by 2033, Boasting a 47.5% CAGR | FMI Reports

The global silicon anode battery market is projected to reach USD 2.7 billion in 2023. This growth is driven by the increasing adoption of advanced silicon anode batteries, which offer superior storage capacity and are being utilized across various industries. According to Future Market Insights (FMI), the market is expected to surge to USD 131.6 billion by 2033, reflecting an impressive compound annual growth rate (CAGR) of 47.5% from 2023 to 2033.

The high demand for silicon anode batteries in commercial and industrial sectors is primarily due to the growing need for efficient energy storage solutions. The focus on high-capacity batteries is anticipated to significantly drive market sales throughout the forecast period.

The expansion of the market is further supported by the increasing use of silicon anode batteries in sectors such as automotive and consumer electronics. In the automotive industry, the integration of sustainable and high-performance components in electric vehicles has intensified the demand for batteries with enhanced storage capabilities, contributing to the overall market growth.

Comprehensive Market Insights: Full Report Overview

Key Takeaways from the Market Study

From 2018 to 2022, the market demand expanded at a CAGR of 40.5%
Based on the application, the automotive segment to accumulate a market share of 38.5% in 2023
By capacity, the above 2500 mAh segment dominates the market with a share of 47%
North America to emerge as a promising market, capturing nearly 42.3% of the global market share in 2023
Asia Pacific to be an opportunistic market, expected to capture a CAGR of 35.7% during the forecast period.

“Growing demand in the end-use industry and technological innovation in silicon anode batteries are expected to drive the market in the forecast period. Also, the increasing demand for electric vehicles globally is projected to play a vital role in strengthening the market.” – says FMI Analyst.

Competitive Landscape

Prominent players in the silicon anode battery market are Amprius Inc, Nexion Ltd, Enovix Corporation, Enevate Corporation, Nanograf Corp, Sila Nanotechnologies Inc, Boston Power Inc, XG Sciences Inc, Eocell Inc, Nanotech Instruments Inc, Zenlab Energy Inc. among others.

Leading players operating in the global silicon anode battery market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering silicon anode battery with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

In November 2021- Panasonic Corporation and Toyota Motor Corporation – and Nexeon, the company developing advanced silicon materials for next-generation lithium-ion batteries, have agreed to extend their funded joint development agreement (JDA). The partners will focus their work on the commercialization of e-mobility applications of lithium-ion batteries.
In May 2022 – Sila, a next-generation battery materials company, today announced the purchase of a facility with more than 600,000 square feet of space located in Moses Lake, WA to be used to manufacture Sila’s breakthrough lithium-ion anode materials at automotive volumes and quality. Powered with hydropower, the facility is located on 160 acres of land close to rail lines for convenient and efficient shipping.
In February 2021- Zenlabs Energy, an advanced lithium-ion cell company, announced that Idaho National Laboratory (INL) has successfully tested over 1,000 charge-discharge cycles from their high-energy Silicon anode pouch cells. Zenlabs is the recipient of $4.8 million, 50% cost share development contract from the United States Advanced Battery Consortium LLC (USABC) to develop low-cost, fast-charge electric vehicle (EV) batteries

Know More about What the Silicon Anode Battery Market Report Covers

Future Market Insights offers an unbiased analysis of the global silicon anode battery market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the silicon anode battery market, the market is segmented based on capacity, and application across five major regions.

Key Segments Covered in the Silicon Anode Battery Industry Analysis

By Capacity:

Below 1500 mAh
Between 1500-2500 mAh
Above 2500 mAh

By Application:

Consumer Electronic
Automotive
Industrial
Grid & Renewable Energy

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and 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 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

Automotive Battery Management System Market Projected to Hit USD 37.4 Billion by 2033, with a CAGR of 25.6% | FMI Reports

According to ESOMAR-certified Future Market Insights (FMI), the Automotive Battery Management System Market is set for remarkable growth, with a projected compound annual growth rate (CAGR) of 25.6%. The market value is expected to increase from USD 3.8 billion in 2023 to USD 37.4 billion by 2033.

This surge is primarily driven by the rising popularity of electric vehicles (EVs) in the clean transportation sector. The growing adoption of battery management systems in electric cars and e-bikes is fueling this demand.

Battery management systems are crucial for monitoring lithium-ion batteries, which are preferred for their higher energy densities and longer lifespans compared to traditional batteries. These systems are essential for electric vehicles, hybrid electric vehicles (HEVs), and electric motorcycles. The ongoing expansion of the electric vehicle market is anticipated to present significant opportunities for manufacturers of automotive battery management systems throughout the forecast period.

Comprehensive Market Insights: Full Report Overview

Key Takeaways of Automotive Battery Management System Market Study

Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

“In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” – says FMI Analyst.

Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it.

Key Players Operating in Automotive Battery Management System Market Include:

Continental Ag, Dana Limited, Gentherm, Hanon Systems, Mahle Gmbh, Nxp Semiconductors, Renesas Electronics Corporation, Robert Bosch Gmbh, Valeo, Marelli Holdings Co., Ltd.

Key Segments Covered in the Automotive Battery Management System Market Report

By Vehicle Type:

Electric Vehicle
Golf Karts
Electric Bikes

By Connection Topology:

Centralized
Distributed
Modular

By Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
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.

Contact Us:

Global Industrial Hearables Market Projected to Surpass USD 1,700 Million by 2033, Driven by 7.9% CAGR | FMI Reports

The industrial hearables market is anticipated to grow from USD 791.15 million in 2023 to USD 1,700 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 7.9% over the forecast period.

The focus in industrial hearables is shifting beyond traditional noise cancellation to include cognitive noise reduction. Advanced AI algorithms are now capable of analyzing sound patterns to filter out non-essential noise while preserving critical audio cues. This technology enhances safety and communication efficiency in noisy environments.

Industrial hearables are also evolving into sophisticated data hubs. Equipped with various sensors, they can monitor vital signs, track environmental conditions, and detect hazardous gases, which is essential for safety compliance and health monitoring. Additionally, the integration of augmented reality (AR) capabilities is on the rise. Hearables are being designed to provide vital information through heads-up displays, significantly enhancing efficiency in tasks such as maintenance, assembly, and quality control.

Real-time language translation features are emerging to bridge language gaps and facilitate effective communication among global workforces. These hearables are not only improving safety but also advancing employee health management by monitoring fatigue levels and providing timely warnings to optimize work schedules.

Moreover, predictive maintenance is becoming a key feature. Hearables equipped with machine learning algorithms can analyze equipment noise to predict maintenance needs before failures occur. Manufacturers are also focusing on ergonomics and personalization, with custom-molded earpieces and adaptable designs enhancing comfort for prolonged wear.

Comprehensive Market Insights: Full Report Overview

Key Takeaways from the Industrial Hearables Market

The industrial hearables market is led by the United States, projecting a 7.8% CAGR until 2033.
The Germany is poised for a 7.7% CAGR by 2033.
China is at the forefront, anticipating 7.6% CAGR surge by 2033.
The hearing aids segment is set to dominate with a CAGR of 8% through 2023.
FMI predicts the wireless segment to grow at a remarkable 8.3% CAGR through 2033.

“The industrial hearables market is poised for explosive growth, driven by innovation in hearing protection, communication, and real-time data integration for enhanced workplace safety and productivity” –says FMI Analyst.

How Key Players are revolutionizing the Industrial Hearables market?

In the dynamic landscape of industrial technology, key players are orchestrating a revolution in the industrial hearables market. These innovative solutions are not just about hearing protection; they are transforming the way we work.

From augmented reality integration, noise-canceling capabilities, and biometric monitoring to enhance safety and productivity, to seamless connectivity for real-time communication in noisy environments, these industrial hearables are game-changers.

Key market players are committed to developing ergonomic, user-friendly designs that prioritize comfort and durability. By redefining workplace communication and safety, they are propelling industries into the future, where technology and hearing protection go hand in hand.

Key Players

Beltone Corporation
Cochlear Ltd
GN Store Nord A/S
Siemens Healthcare GmbH
Sivantos Pte. Ltd.
Sonova Holding AG
Starkey Hearing Technologies
Widex A/S
William Demant Holding A/S
Oticon GmbH

Product Portfolio:

Beltone Corporation pioneers hearing care solutions that enrich lives. Their product portfolio includes cutting-edge hearing aids and accessories, driven by innovation and a commitment to personalized care.
Cochlear Ltd transforms lives through excellent hearing implant technology. Their portfolio encompasses implantable hearing devices, sound processors, and software, providing individuals with the gift of sound.
GN Store Nord A/S leads in intelligent audio solutions. Their portfolio features premium headsets, hearing aids, and telehealth services, driven by a passion for sound quality and connectivity. Elevating communication for all.

Industrial Hearables Market Segmentation:

By Product Type:

Headphones or Earbuds
Personal Sound Amplifiers (PSAPs)
Hearing Aids

By Technology:

Wired
Wireless

By Distribution Channel:

Hypermarket/Supermarket
Multi Branded Stores
Exclusive Stores
Online

By Region:

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

About Future Market Insights (FMI):

Contact Us:

Global Removable Partial Dentures Market Set for Substantial Growth, Projected to Reach USD 1,536.8 Million by 2033

The global removable partial dentures market is on the verge of significant expansion, fueled by growing demand for personalized dental care and remarkable advancements in dental technology. Recent market analyses reveal that the sector is expected to achieve a value of USD 991.6 million by 2023, with a robust forecasted growth rate of 4.5% over the next decade. By 2033, the market is anticipated to reach an impressive valuation of USD 1,536.8 million.

This upward trajectory is driven by the integration of cutting-edge dental technologies, particularly in digital dentistry, which have revolutionized the design, fit, and patient experience of removable partial dentures. These technological advancements are transforming the industry, offering greater precision in treatment and improved outcomes for patients seeking customized dental solutions.

The increasing emphasis on patient-centric care is a key factor in the market’s growth. Patients are demanding personalized dental treatments that cater to their specific needs, aligning with broader healthcare trends that prioritize individualized care. This shift towards tailored dental solutions is fostering innovation and driving the global removable partial dentures market forward.

As the market evolves, stakeholders across the dental industry—from practitioners to manufacturers—are positioned to seize emerging opportunities. By embracing technological innovation and maintaining a focus on patient care, the dental industry can continue to thrive in this dynamic landscape and contribute to the sustained growth of the market.

Key Takeaways:

The global removable partial dentures market is expected to reach USD 1,536.8 million by 2033, exhibiting a steady CAGR of 4.5% throughout 2033.
Rising geriatric population, increasing prevalence of dental disorders, and growing awareness of dental hygiene are the key factors driving the market growth.
By material type, the acrylic resin segment is estimated to account for the largest market share in 2023, owing to its affordability, durability, and lightweight properties.
Based on end user, the dental clinics segment is projected to dominate the market throughout the forecast period, owing to the rising number of dental clinics and increasing availability of dental services.
North America is anticipated to remain the largest market during the forecast period, owing to the high prevalence of dental disorders and growing awareness of dental hygiene in the region.

Discover the Full Insights: Find the Complete Removable Partial Dentures Market Report

How is the Competition Structured in the Removable Partial Dentures Industry?

The competition in the removable partial dentures industry is structured with numerous players vying for market share. The market is characterized by global and regional manufacturers, dental laboratories, and dental clinics offering removable partial denture solutions.

Key players in the industry are engaged in intense competition to differentiate their offerings through product innovation, quality, customization, and pricing strategies.

These companies invest in research and development activities to introduce advanced materials, technologies, and manufacturing processes to enhance the performance and aesthetics of removable partial dentures.

Market players also focus on strategic collaborations, partnerships, and acquisitions to expand their product portfolios, reach a wider customer base, and strengthen their market position. They strive to build strong relationships with dental professionals, including dentists and prosthodontists, to promote their products and gain a competitive edge.

Key Players:

VITA Zahnfabrik
H. Rauter GmbH & Co.KG.
Yamahachi Dental Products
Aspen Dental Management
Den-Mat Holdings
Kanfit 3D Ltd.
Renishaw plc.
Beta Health Association Inc.
Polident
Klema

Segmentation Analysis:

By Material Type:

Acrylic
Flexible Thermoplastics
Replacement Partials
Combination Of Metal/Acrylic
Cast Metal

By End User:

Hospitals
Dental clinics
Dental schools
Laboratories

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Global Substance Use Disorder Treatment Market Set to Reach USD 67.6 Billion by 2034, Driven by Increased Awareness and Technological Advancements

The global substance use disorder treatment market is on a robust growth trajectory, with sales expected to soar to USD 40.3 billion in 2024. Over the next decade, the market is forecasted to expand at a compound annual growth rate (CAGR) of 5.3%, ultimately reaching a value of USD 67.6 billion by 2034.

Key Growth Drivers

The rising prevalence of substance abuse disorders and heightened awareness of available treatment options are major factors fueling market expansion. Government-led initiatives, such as drug awareness campaigns and prevention programs, are crucial in fostering public understanding and encouraging individuals to seek treatment. Notably, the increasing prevalence of opioid use disorders and the growing adoption of Nicotine Replacement Therapy (NRT) are contributing significantly to the market’s growth.

Technological Advancements and Telemedicine

Technological innovations in treatment approaches and the surge in awareness campaigns further propel market growth. The widespread adoption of telemedicine and virtual care is emerging as a pivotal tool in broadening access to substance use disorder treatment, particularly in underserved rural regions. As these technologies continue to advance, they are expected to play a crucial role in the future expansion of the market.

Government Initiatives and Regulatory Support

Supportive government regulations are proving instrumental in the fight against substance use disorders. These policies aim to improve access to treatment and provide robust support services for affected individuals. The ongoing efforts to destigmatize addiction and promote awareness are encouraging more people to seek help, thereby expanding the patient base and driving demand for treatment providers.

As the global spotlight on substance use disorder treatments intensifies, the industry is poised for substantial growth. With continued technological advancements, governmental backing, and rising awareness, the substance use disorder treatment market is set to make significant strides in improving public health outcomes over the coming decade.

Key Takeaways: Substance Use Disorder Treatment Market

The global market for substance use disorder treatment is expected to reach USD 67.6 billion by 2034, growing at a CAGR of 5.3%.
India is projected to have the fastest growth (CAGR of 5.1%) due to increased awareness and reduced stigma surrounding addiction. Public awareness campaigns are encouraging people to seek help.
The UK market is expected to grow at a CAGR of 1.6%, driven by the adoption of telemedicine and virtual care solutions. Telemedicine offers increased accessibility and improved patient outcomes.
The US market is expected to grow at a CAGR of 1.4%. Collaboration between pharmaceutical companies, healthcare providers, and research institutions is leading to improved treatment options and access. Public-private partnerships are also playing a significant role.

Enhanced Market Demand: Discover Thorough Trends and Insights in Our Complete Report!

Competitive Landscape:

The substance use disorder (SUD) treatment market is highly competitive and rapidly evolving, driven by increasing demand for effective treatment options. Pharmaceutical companies, rehabilitation centers, and specialized clinics offer a variety of therapies, including medication-assisted treatment (MAT), behavioral therapies, and holistic approaches.

Leading companies in the SUD treatment market are strengthening their positions through mergers and acquisitions. Venture capital and private equity funds are also targeting innovative SUD treatment options, making significant investments in telehealth and digital health companies to mitigate market risks.

Rehabilitation centers promote comprehensive therapy, incorporating medical detox, counseling, and aftercare programs. The introduction of telehealth services has created new competitors, such as BetterHelp, which provides remote counseling and support. Innovation and regulatory changes have a substantial impact, with ongoing research into novel drugs and therapeutic procedures enhancing treatment efficacy.

Recent Developments:

March 2023: Indivior plc announced the acquisition of Opiant Pharmaceuticals, Inc., strengthening Indivior’s addiction treatment portfolio with OPNT003, an investigational opioid overdose treatment aimed at addressing the current wave of opioid overdoses in the United States.
January 2023: BioCorRx Inc., a developer of innovative treatment programs for substance use and related disorders, provided an update on the Phase I clinical trial of BICX104, an implantable biodegradable naltrexone pellet for the treatment of opioid use disorder (OUD) being developed by BioCorRx Pharmaceuticals, Inc.

Key market players of the substance use disorder treatment market:

Teva Pharmaceutical Industries Ltd.
Reckitt Benckiser Pharmaceuticals Inc.
GlaxoSmithKline plc
Pfizer Inc.
Cipla Limited
Intas Biopharmaceuticals
Alkermes
Allergan plc
Alkermes plc.
Indivior plc
Noramco
Mallinckrodt plc
BioCorRx Inc.
Glenmark Pharmaceuticals Ltd.
Dr. Reddy’s Laboratories
Purdue Pharma L.P.
Orexo AB

Key Segments of the Report:

By Type:

The segment is classified into alcohol abuse treatment, nicotine abuse treatment and drug abuse treatment.

By Treatment:

Based on treatment type, the industry is classified into detoxification, counseling & behavioral therapy, medication and support group.

By Region:

Analysis of the substance use disorder treatment market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.

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.

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

The global nonvascular interventional radiology device market size is likely to adhere to a CAGR of 4.9%. The ecosystem is likely to get elevated from USD 27.6 billion in 2024 to the valuation mark of USD 44.6 billion by 2034.

The global next-generation titrator market share is expected to reach USD 7,171.9 million by 2034, owing to a moderate CAGR of 6.5% through the forecast period. The competitive space was measured at USD 3,820.6 million in 2024.

The global pressure infusion cuffs market demand is estimated to ascend at a valuation of approximately USD 350.8 million by 2024 as per Future Market Insights report. The change in industry valuation for the pressure infusion cuffs is likely to be at a moderate CAGR of 5.7% through 2034. The change in value in the ecosystem is estimated to reach a value of USD 610.7 million by the end of the forecast period.

The global venous stents market outlook valued at approximately USD 990.5 million in 2023, is expected to soar to an impressive USD 2.2 billion by the end of 2033. This growth represents a substantial compound annual growth rate (CAGR) of 8.4% from 2023 to 2033.

The global intravenous pegloticase market trends with a slowly progressing CAGR of 13.8% from 2023 to 2033, this market is expected to garner USD 3.19 Billion by 2023 and USD 11.61 Billion by 2033.

The projected global photoacoustic microscopy market opportunity is likely to hit the USD 120 billion valuation mark by 2024. Owing to an impressive CAGR of 17.3% through 2034, the ecosystem is set to reach USD 591.6 million by the end of the forecast period.

The global intravenous iron drugs market forecast is projected to reach USD 2.8 Billion in 2022 and is expected to growth USD 6.3 Billion by 2032 at a CAGR of 8.5%.

The global venous stents market strategies valued at approximately USD 990.5 million in 2023, is expected to soar to an impressive USD 2.2 billion by the end of 2033. This growth represents a substantial compound annual growth rate (CAGR) of 8.4% from 2023 to 2033.

The global intravenous pegloticase market trends with a slowly progressing CAGR of 13.8% from 2023 to 2033, this market is expected to garner USD 3.19 Billion by 2023 and USD 11.61 Billion by 2033.

The global photoacoustic microscopy market overview is likely to hit the USD 120 billion valuation mark by 2024. Owing to an impressive CAGR of 17.3% through 2034, the ecosystem is set to reach USD 591.6 million by the end of the forecast period.

About Future Market Insights (FMI)

Contact Us:

Global Revision Knee Replacement Market Poised for Strong Growth, Set to Reach USD 2 Billion by 2032

The global revision knee replacement market is projected to experience significant growth, rising from USD 1.3 billion in 2022 to USD 2 billion by 2032, with a steady compound annual growth rate (CAGR) of 4.1% during the forecast period.

The rising demand for revision knee replacement procedures is being driven by the aging global population, many of whom require solutions to repair or replace damaged knee joints. As the elderly demographic expands, the need for revision surgeries is growing, contributing to the increased market share of revision knee replacements. These procedures offer enhanced comfort and functionality with new or replacement prosthetic knees, making them a preferred choice for patients seeking improved mobility and pain relief.

One notable trend within the market is the increasing use of bone grafts in revision surgeries. Bone grafts, whether auto-grafts from the patient’s body or allografts from donors, are becoming essential in ensuring the success of these surgeries. This incorporation of grafting technology plays a crucial role in enhancing the effectiveness of revision knee surgeries, further accelerating market expansion.

Revision knee replacements primarily address three key objectives: alleviating pain, restoring mobility, and removing damaged prostheses. While total knee replacement surgeries have a high success rate, complications over time often necessitate revision procedures. This adaptability makes revision knee replacement an appealing option for healthcare providers, leading to wider adoption across healthcare systems globally.

As the healthcare industry continues to prioritize patient well-being, the advantages of revision knee replacements—such as pain relief and improved mobility—are anticipated to drive consistent demand. With the healthcare sector increasingly focused on improving patient outcomes and quality of life, the global revision knee replacement market is expected to continue its upward trajectory, meeting the needs of an expanding patient demographic.

Key Takeaways: Revision Knee Replacement Market

The revision knee replacement market is projected to experience significant growth, reaching USD 2 billion by 2032 with a CAGR of 4.1%.
Increasing rates of age-related diseases and injuries are driving the demand for revision knee replacements.
Advancements in minimally invasive surgery and implant materials are expected to boost market demand.
Increased investment in the healthcare sector will contribute to market growth.
Economic slowdown can restrain market growth.
High costs of surgery and the availability of non-surgical treatments may affect market trends.
Patients may opt for conservative treatments like visco-supplementation before considering surgery.
North America dominates the global market, accounting for 46.4% of the total share in 2022.
Europe holds a significant market share of 28.6%.

Discover Market Trends: Access the Full Revision Knee Replacement Market Report

Key Competitors in the Revision Knee Replacement Market:

Some of the key players in the Revision Knee Replacement Market are Smith & Nephew Plc, Wright Medical Group, Inc, Zimmer Holdings, Biomet, Inc., Exactech, Stryker Corporation, DePuy Companies, Inc, B. Braun Melsungen AG, DJO Global, Ortho Development, LimaCorporate S.p.a., SURGICAL INTERNATIONAL, and BEZNOSKA among others. Whereas some regional players also have a significant presence in the revision knee replacement market.

Recent Developments in the Revision Knee Replacement Market are:

A promising orthopedic start-up, Monogram, is transforming the field of surgical robotics and implants. By integrating cutting-edge imaging technology, machine learning, pre-operative planning, and 3D-printed implants, Monogram is harnessing the power of advanced surgical robots to redefine orthopedic procedures.

Key Segments:

By Product Type:

Three Compartmental
Uni-compartmental

By Fixation Type:

Cemented
cement less

By End User:

Hospitals
Orthopaedic and Prosthetic Clinics
Others

By Regions:

North America
Europe
Asia-Pacific
Latin America
South Africa

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Knotless Tissue Control Devices Market Set for Significant Growth, Projected to Reach USD 672.6 Million by 2032

The global knotless tissue control devices market is on a dynamic growth trajectory, with recent market research predicting a Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2032. Valued at USD 465.6 million in 2022, the market is anticipated to surge to an impressive USD 672.6 million by 2032.

This robust growth is driven by the increasing demand for minimally invasive procedures and continuous advancements in healthcare technology. Both healthcare professionals and patients are increasingly favoring minimally invasive techniques due to their numerous benefits, including shorter recovery times, less pain, and reduced risk of post-surgical complications. As a result, knotless tissue control devices are experiencing a surge in demand, marking a transformative shift in modern surgical practices.

Minimally invasive procedures are now a cornerstone of contemporary healthcare, offering patients the advantages of less trauma and faster healing. Knotless tissue control devices, which eliminate the need for traditional sutures, play a critical role in these procedures by allowing for precise and reliable tissue manipulation. These devices not only enhance surgical outcomes but also contribute to higher patient satisfaction, driving widespread adoption across healthcare facilities globally.

In addition, ongoing technological innovations in the design and functionality of knotless tissue control devices are further fueling market growth. These advancements are enabling surgeons to perform complex procedures with increased accuracy and efficiency, expanding the scope of surgeries that can be conducted using minimally invasive methods.

As the healthcare landscape continues to evolve, the knotless tissue control devices market is positioned for sustained growth. The combination of growing preference for minimally invasive procedures and cutting-edge technological developments is expected to propel the market to new heights over the next decade.

The global knotless tissue control devices market is being driven by several key factors:

Benefits of Knotless Tissue Control Devices: Knotless tissue control devices offer various benefits such as distributing tension along the wound, simplifying knot tying, and reducing knot-related complications. These advantages are expected to increase the demand for these devices in healthcare settings.
Rising Number of Surgical Procedures: An increasing number of surgical procedures, including knee replacements, bypass surgeries, hip replacements, and cosmetic surgeries, are anticipated to drive the demand for knotless tissue control devices. As the population ages and the prevalence of conditions requiring surgical intervention rises, the demand for these devices is expected to grow correspondingly.
Demographic Trends: The aging population is particularly relevant to the demand for knotless tissue control devices. A study published by the National Centre for Biotechnology Information indicates that approximately 30% of elderly individuals fall due to difficulties in walking, which often necessitates knee replacement surgeries. As the population continues to age globally, the need for such surgical procedures is expected to increase, further driving the demand for knotless tissue control devices.
Technological Advancements and Product Innovation: The launch of efficient devices by key players in the market is expected to strengthen the industry. For example, Smith & Nephew launched HELICOIL knotless sutures in September 2020, which utilize bone marrow and associated stem cells to enhance the healing process. Such innovations enhance the effectiveness and usability of knotless tissue control devices, contributing to market growth.

Overall, the convergence of these factors is expected to fuel the growth of the global knotless tissue control devices market in the foreseeable future.

Gain Full Insight: Access the Complete Knotless Tissue Control Devices Market Report

Key Companies Profiled:

Johnson & Johnson Services, Inc.
Medtronic
Ethicon US, LLC. (Subsidiary of Johnson & Johnson)
Medline Industries, Inc.

Key Segments Profiled in the Global Knotless Tissue Control Devices Market:

By Product Type:

Short-Term
Long-Term
Nonabsorbable Polymers

By End User:

Hospitals
Ambulatory Surgical Centers
Trauma Centers
Medical Device Manufacturers
Pharmaceutical Companies
Research Centers and Laboratory

By Region:

North American
Latin American
Western European
Eastern European
Asia-Pacific
Japanese
Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Global Digital Health Market Set for Remarkable Growth, Projected to Reach USD 16,603.7 Million by 2034

The global digital health market is on the cusp of extraordinary growth, with market projections forecasting a leap from USD 8,131.3 million in 2024 to an impressive USD 16,603.7 million by 2034. This anticipated surge underscores the rapid adoption of digital health solutions, fueled by continued innovation in telehealth and telemedicine.

Telemedicine, a key pillar of modern healthcare, has emerged as a transformative force, providing critical services such as remote patient monitoring and virtual consultations. These advancements have driven demand for digital healthcare solutions, allowing healthcare providers to offer real-time, continuous monitoring of patients’ vital signs. This capability is especially crucial for managing chronic diseases and tracking patient recovery, facilitating more effective and timely interventions.

The rise of wearable technology is another key factor propelling market growth. Wearables enable constant patient monitoring, benefiting wellness programs and preventative care businesses. Combined with data analytics, these devices can generate personalized treatment plans—a sophisticated form of digital healthcare expected to accelerate market expansion in the coming years.

Key Takeaways from the Digital Health Market Study Report:

The overall market is predicted to witness an absolute growth opportunity of USD 8,500 million over the next ten years.
The United States is currently the leading market for the adoption of digital health technologies and is likely to advance at 6.8% per year from 2024 to 2034.
Demand for digital health services in Germany is predicted to grow at a rate of 6.6% per year through the projected years.
India is poised to witness the most lucrative CAGR of 22.5% in the adoption of digital healthcare facilities during the projected years.
Thailand is also emerging as a lucrative market for digital health services and is forecasted to be at a rate of 16.4% per year between 2024 and 2034.

Rising Demand for Market Data: Our Full Report Offers Deep Insights and Trend Analysis!

Competitive Landscape for the Digital Health Market Participants:

The overall market is witnessing a steep increase in completion these days due to the adoption of digital health services by the continuous entry of established industries in the healthcare sector. However, dedicated digital health service providers hold on to their market position by providing customized medical treatments and maximizing treatment outcomes by taking into account personal patient information.

“A steep rise in smartphone usage has increased the popularity of mobile health applications in both developed and developing countries. Digital healthcare solutions are also helping such patients with features for lifestyle management, medication adherence tools, and remote monitoring.” – says a lead analyst at FMI

Recent Developments by the Digital Health Industry Players:

In June 2023, the pharmaceutical giant Bayer introduced a precision health unit to increase its investment in consumer-facing digital health products. According to a press statement, the company aims to give top priority to creating digital solutions that help consumers make better decisions about their own health by utilizing unique delivery methods and personal data.

In August 2023, Lupin Digital Health announced the opening of the first-ever digital heart failure clinic launched by Lupin Digital Health. Lupin Digital is a division of Lupin Pharmaceuticals that focuses on cardiac digital therapies and inaugurated its Lyfe Digital Heart Failure Clinic in India. The goal of these e-clinics is to assist cardiologists and caregivers in efficiently managing patients with heart failure from the convenience of their own homes.

Key Players Profiled in the Digital Health Market Report:

AT&T Inc.
Apple Inc.
AirStrip Technologies LP
Alcatel-Lucent Corporation
Cerner Corporation
Symantec Corporation
Aruba Networks, Inc.
Cisco Systems, Inc.
Qualcomm, Inc.
Siemens Healthcare
Philips Healthcare

Key Segments Covered by Digital Health Industry Survey Report:

By Solution Type:

Software
- Healthcare Payers Software
  - Healthcare Claims Management Software
  - Healthcare CRM Software
  - Payer Care Management Software
  - Other Healthcare Paying Software
Healthcare Providers Software
- EHR or EMR Software
- E-Prescribing Software
- Healthcare Asset Management Software
- Population Health Management Software
- Other Healthcare Providing Software
Services
- Managed Services
- Professional Services
  - Healthcare Consulting Services
  - Integration & Implementation Services
  - Support & Maintenance Services
  - Other Professional Services

By Deployment:

Cloud-based
On-Premises

By End User Verticals:

Diagnostics Centers
Healthcare Payers
Healthcare Research Centers
Hospitals & Clinics
Nursing Care Centers
Other End User Verticals

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia and Pacific Market
Middle East and Africa (MEA) Market

About Future Market Insights (FMI)

Contact Us:

Global Clinical Diagnostics Market Poised for Explosive Growth, Projected to Reach USD 126.6 Billion by 2032

The global clinical diagnostics market is set to experience unprecedented growth, as outlined in a recently published comprehensive market analysis report. According to projections, the market will reach an impressive valuation of USD 126.6 billion by 2032, with a strong Compound Annual Growth Rate (CAGR) of 5.5% from 2022 to 2032.

By the close of 2022, the market is anticipated to total approximately USD 74 billion, marking a significant increase fueled by the rising demand for cutting-edge diagnostic procedures worldwide. This upward trend underscores the growing reliance on accurate, efficient diagnostic tools across a wide array of medical fields.

The escalating market value highlights the essential role of blood tests and other diagnostic procedures in contemporary healthcare. As early detection and personalized medicine gain more prominence, the demand for precise diagnostics has become more vital than ever. This growing need is sparking innovation and expansion within the clinical diagnostics sector, paving the way for advancements that hold the potential to revolutionize patient care.

Industry experts point to several key factors driving this growth, including the increasing prevalence of chronic diseases, rapid technological advancements in diagnostic tools, and a heightened focus on preventive healthcare. With healthcare providers prioritizing accurate and timely diagnoses, the clinical diagnostics market is set to play a pivotal role in shaping the future of global healthcare.

As the market continues to expand, stakeholders across the healthcare sector are poised to benefit from the innovations and improvements that clinical diagnostics will bring, ultimately enhancing patient outcomes worldwide.

Key Highlights of the Report:

Global clinical diagnostics market expected to reach USD 126.6 Billion by 2032.
Robust Compound Annual Growth Rate (CAGR) of 5.5% projected from 2022 to 2032.
Surge fueled by escalating demand for blood tests and other diagnostic procedures.
Factors driving growth include technological advancements, expanding healthcare infrastructure, and emphasis on preventive healthcare measures.

As the demand for clinical diagnostics products continues to escalate, stakeholders across the healthcare industry are poised to capitalize on this unprecedented growth opportunity. This surge not only signifies a significant market expansion but also underscores the critical role of diagnostic tools in enhancing patient care and advancing medical outcomes.

Key Takeaways from Clinical Diagnostics Market:

North America holds the largest market share with the US being subject to tremendous increase in clinical diagnostics products’ sales coupled with rising incidences of chronic and infectious diseases.
The Asia-Pacific is expected to grow at the fastest pace in the clinical diagnostics market. This could be credited to increase in healthcare infrastructure all across India and China.
Europe is expected to grow on the similar grounds in the clinical diagnostics market in the forecast period.

Explore the Full Market Scope: Find the Complete Clinical Diagnostics Market Report Here

Competitively Clinical Diagnostics

Hoffmann-La Roche Ltd., in March 2021, inked a definitive merger agreement with GenMark Diagnostics Inc. with the objective of helping it to test for a wide spectrum of pathogens through sampling.
Ortho Clinical Diagnostics, in September 2021, did announce availability of ISXM (Immediate Spin Crossmatch) under the category of ‘Ortho Vision Max Analyzers’ for helping in detection of incompatibility between donors and recipients in the blood transfusions.
TGA (Therapeutic Goods Administration), in January 2022, did grant provisional approval for Nuvaxovid (Covid-19 vaccine by Novavax) for usage in Australia.
Mindray, in March 2022, came up with BC-700 Series (a hematology analyzer series helping in erythrosyte sedimentation and blood count rate tests).
Qiagen Inc., in May 2022, came up with NeuMoDxHSSV ½ Quant Assay to quantify and differentiate herpes simplex virus type 1 (HSV – 1) DNA and herpes simplex virus type 2 (HSV-2) with the European Commission having approved it.

What does the Report say?

The research study is based on test (lipid panel clinical diagnostics, liver panel clinical diagnostics, renal panel clinical diagnostics, complete blood count clinical diagnostics, clinical diagnostics for electrolyte testing, clinical diagnostics for infectious disease testing, and other clinical diagnostics tests), by product (clinical diagnostics instruments, clinical diagnostics reagents, and other clinical diagnostics products), and by end-user (clinical diagnostics for hospital laboratories, clinical diagnostics for diagnostics laboratories, clinical diagnostics for point-of-care testing, and clinical diagnostics for other end-users).
Increase in occurrences of blood tests is expected to catalyze the clinical diagnostics market in the forecast period.

Key Companies Profiled:

Abbott Laboratories
Becton, Dickinson and Company
BioMerieux
Bio-Rad Laboratories Inc.
Danaher Corporation
Siemens AG
Hologic Inc.
Qiagen NV
Hoffmann-La Roche AG
Thermo Fischer Scientific
Quest Diagnostics Inc.
Sysmex Corporation
Charles River Laboratories

Key Segments of Clinical Diagnostics Industry Survey:

Clinical Diagnostics Market by Test:

Lipid Panel Clinical Diagnostics
Liver Panel Clinical Diagnostics
Renal Panel Clinical Diagnostics
Complete Blood Count Clinical Diagnostics
Clinical Diagnostics for Electrolyte Testing
Clinical Diagnostics for Infectious Disease Testing
Other Clinical Diagnostics Tests

Clinical Diagnostics Market by Product:

Clinical Diagnostics Instruments
Clinical Diagnostics Reagents
Other Clinical Diagnostics Products

Clinical Diagnostics Market by End-User:

Clinical Diagnostics for Hospital Laboratories
Clinical Diagnostics for Diagnostic Laboratories
Clinical Diagnostics for Point-of-Care Testing
Clinical Diagnostics for Other End-Users

Clinical Diagnostics Market by Region:

North America Clinical Diagnostics Market
Latin America Clinical Diagnostics Market
Europe Clinical Diagnostics Market
Asia Pacific Clinical Diagnostics Market
Middle East & Africa (MEA) Clinical Diagnostics Market

About Future Market Insights (FMI)

Contact Us: