Market Research Blog – Page 1329 – New Product Development

Off-Highway Vehicle Telematics Market Expected to Hit USD 2.2 Billion by 2033, Growing at a 16% CAGR | FMI Reports

The off-highway vehicle (OHV) telematics market is expected to expand from USD 488.3 million in 2023 to USD 2,154.3 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 16% over the forecast period.

The outlook for the OHV telematics market is highly favorable, driven largely by the increasing adoption of telematics solutions across construction, agriculture, and mining equipment. The automotive industry is embracing next-generation technologies, including telematics, to enhance machine creation and efficiency, which is anticipated to significantly propel market growth in the coming years.

As the automotive sector advances and the use of cutting-edge technologies to improve equipment performance becomes more widespread, the demand for telematics solutions among end-users has surged. The integration of big data and modern connectivity technologies for real-time data monitoring is increasingly common in off-highway vehicles. Moreover, the rising demand for advanced OHVs in applications like precision farming is accelerating the adoption of telematics technologies.

The progress in telematics, coupled with the superior performance and cost reductions enabled by AI and IoT, has fueled the sales of OHVs equipped with modern telemetry systems. The growing need for enhanced security and protection of OHVs, without sacrificing cost-effectiveness or efficiency, has led to the implementation of smart telematics systems designed to optimize machinery operations.

Key Takeaways:

According to FMI’s study, the construction segment is projected to account for around 65% of global OHV telematics market sales.
In the last five years, the market recorded a CAGR of 11%.
The market for automated guided vehicles in the United States is expected to develop at a 15% CAGR through 2033, according to FMI.
According to FMI’s analysis, Germany is expected to lead Europe’s (OHV) telematics market, rising at a healthy 14% CAGR throughout the projection period.
The market’s main players control roughly 60% of the market.

Explore In-Depth Analysis—Click Here to Access the Report!

Competitive Landscape:

Leading industry participants are emphasizing the extension of their already extensive product portfolios. Moreover, increasing expenditure on research to develop improved products is another key strategy for market players to preserve their market position. Other important objectives include facility expansions and strategic alliances to help meet the increased demand for OHV telematics from a variety of end-use sectors. For example,

July 2022 – Guidepoint Systems, a global provider of car telematics and Software as a Service (SaaS), partnered with Free2move, Stellantis’ global fleet, mobility, and linked data firm.
March 2022 – Navistar reaffirmed its commitment to a connected and data-driven future by standardizing a factory-installed telematics solution on the recent Class 6-8 International Truck and IC Bus vehicle ranges.

Key Companies Profiled

Omnitracs, LLC
ORBCOMM
Stoneridge, Inc.
Teletrac Navman
TomTom International BV
Trackunit A/S
Wacker Neuson
Zonar Systems Inc.
TTCONTROL GMBH
ACTIA Group

Key Segmentations

By Sales Channel

Original Equipment Manufacturers (OEMs)
Aftermarket

By Technology Type

Cellular
Satellite

By End-Use Application

Construction
Agriculture
Mining

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
The 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
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Global Robotic Catheterization Systems Market Poised for Remarkable Growth, Projected to Reach USD 112.5 Million by 2029

The global robotic catheterization systems market is on the brink of a transformative surge, projected to reach a valuation of USD 112.5 million by 2029, according to the latest analysis by Future Market Insights. This remarkable growth represents a robust Compound Annual Growth Rate (CAGR) of 14.8%, underscoring the rapid advancement and adoption of robotic technologies in the medical field.

The market has already achieved a significant milestone with a sales revenue of USD 42.9 million in 2022, setting the stage for continued expansion. As the demand for precision and efficiency in medical procedures increases, robotic catheterization systems are emerging as a critical solution for enhancing patient outcomes.

A key driver of this growth is the dominance of percutaneous coronary intervention (PCI) applications, which captured approximately 73.9% of the market share in 2021. The trend highlights a growing preference for advanced robotic technologies in cardiovascular interventions. These systems offer unparalleled precision and efficiency, which are essential for improving surgical outcomes and patient safety.

“The robotic catheterization systems market is experiencing a pivotal moment,” said FMI. “The impressive growth forecast reflects the increasing recognition of the benefits these advanced systems bring to the medical field. As technology continues to evolve, we anticipate even greater advancements and adoption, further driving the market forward.”

With ongoing technological innovations and an increasing emphasis on precision medicine, the robotic catheterization systems market is set to continue its upward trajectory, promising enhanced capabilities and improved patient care in the years to come.

Key Takeaways from the Robotic Catheterization Systems Market Study:

The growing popularity of robotic catheterization systems, coupled with increasing awareness, improved reimbursement scenarios for PCI, and a larger patient pool for coronary artery diseases, is significantly influencing market growth in developed countries.
High upfront costs remain a challenge, impacting the purchasing decisions of end-users. In response, Hansen Medical is offering the Sensei system at competitive pricing, featuring lower accessory costs and reduced total cost per procedure.
Chesapeake Regional Healthcare’s installation of the first fully integrated catheterization laboratory in its all-intervention operating room marks a significant advancement in the field.
Electromechanical robotic catheterization systems, with their superior technical advantages over magnetic-guided systems, are expected to generate substantial revenue.
The increasing adoption of robotic catheterization for PCI, as opposed to cardiac electrophysiology procedures, indicates higher revenue potential.

Discover the Full Insights: Find the Complete Robotic Catheterization Systems Market Report

Competitive Landscape:

Manufacturers are employing various strategic approaches, including collaborations, acquisitions, expansions, product launches, agreements, and research sponsorships, to bolster product sales across diverse regions.

For instance, in October 2019, Siemens finalized the acquisition of Corindus, a Cath Lab Robotics Vendor. In August 2021, Stereotaxis and Shanghai Microport EP Medtech Co., Ltd. announced a comprehensive collaboration aimed at advancing technological innovation and fostering the commercial adoption of robotics in electrophysiology within China.

Key Companies Profiled:

Siemens
Stereotaxis, Inc.
Hansen Medical, Inc. (Johnson & Johnson)

Market Segmentation:

By Product:

Electromechanical Robotic Catheterization Systems
Magnetic-Guided Robotic Catheterization Systems

By Application:

Percutaneous Coronary Intervention
Cardiac Electrophysiology Procedures

By End User:

Hospitals
Ambulatory Surgical Centers
Catheterization Laboratories

By Region:

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

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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Variable Frequency Drive Market Expected to Reach USD 62.2 Billion by 2034, with a CAGR of 5.60% | FMI Reports

The variable frequency drive (VFD) market is expected to surpass USD 36,072.17 million in 2024 and is projected to reach USD 62,203.02 million by 2034, with a compound annual growth rate (CAGR) of 5.60% from 2024 to 2034.

VFDs are becoming increasingly essential in the advancement of smart grid initiatives, where they play a pivotal role in stabilizing power distribution networks and optimizing energy usage. Their integration into smart grids underscores a broader commitment to building more resilient and sustainable energy systems. For organizations, the adoption of VFDs represents a strategic move that enhances power system stability and efficiency while ensuring compliance with regulatory and environmental standards.

Businesses with variable energy requirements are increasingly turning to regenerative VFDs to achieve cost savings and boost energy efficiency. These VFDs can capture energy produced during braking or deceleration and feed it back into the power supply system, thereby minimizing energy waste and improving operational efficiency. This regenerative feature aligns with environmental goals and forms a crucial part of comprehensive energy management strategies. By reducing overall energy costs and promoting resource optimization, regenerative VFDs offer businesses a competitive edge.

The VFD market is also trending towards smaller, modular designs to meet the growing demand for integrated solutions that maximize space efficiency in industrial settings. This shift towards compact, scalable VFD designs enables companies to make better use of limited space and adapt their systems to evolving operational needs. By focusing on design efficiency, VFDs are transitioning from basic functional components to strategic enablers of flexible and efficient industrial processes.

Explore In-Depth Analysis—Click Here to Access the Report!

Key Takeaways from the Variable Frequency Drive Market Report

The global variable frequency drive market size expanded at a 4.80% CAGR from 2019 to 2023.
The AC drive segment holds 63.70% of market shares in 2024.
The low voltage segment captured 60.80% of market shares in 2024.
The market size in the United States is projected to rise at a 6.4% CAGR through 2034.
The market size in China is anticipated to develop at a 5.6% CAGR through 2034.
The market size in India is estimated to surge at a 5.0% CAGR through 2034.
The market size in Germany is expected to increase at a 7.0% CAGR through 2034.

“Adaptability to technological changes and sustainability are key factors in the continually growing variable frequency drive market. Success requires customization, with companies concentrating on specialized solutions to satisfy various motor control requirements. Innovation and regulatory compliance are critical. Therefore, flexibility is essential for surviving in this changing marketplace.” – says FMI Analyst.

Competitive Landscape

The variable frequency drive market is highly competitive, with significant competitors including ABB Ltd., Siemens AG, Schneider Electric SE, and Danfoss Group. These industry giants distinguish themselves by technical innovation and broad product portfolios customized to various sectors. Strategic cooperation and partnerships with technology companies and regional players broaden market reach. Global growth is a fundamental goal, with adaptations to local regulatory frameworks. The combination of VFD technology with Industry 4.0 and sustainability objectives further alters the competitive landscape, establishing enterprises as leaders in energy-efficient and environmentally sensitive motor control systems.

Top 10 Key Players in the Variable Frequency Drive Market

ABB Ltd.
Siemens AG
Schneider Electric SE
Danfoss Group
Eaton Corporation
Rockwell Automation, Inc.
Mitsubishi Electric Corporation
Yaskawa Electric Corporation
Emerson Electric Co.
Fuji Electric Co., Ltd.

Recent Developments

In October 2023, Invertek Drives Ltd, a renowned electric motor control technology provider, presented a new solution that will alter elevator motor control. The company debuted its latest variable frequency drive (VFD), the Optidrive Elevator Core, at Interlift 2023, one of the world’s largest elevator industry shows.
In October 2023, MEAN WELL introduced the “VFD Series, the Industrial Brushless DC Motor Variable Frequency Drive” product line after three years of market and industry study and technological improvement.

Variable Frequency Drive Market Segmentation

By Drive Type:

AC Drive
DC Drive

By Voltage Range:

Low Voltage
High Voltage

By Application Type:

Standard
Regenerative

By End-use Application:

Pumps
Fan
Compressor
Conveyor
HVAC
Others

By End-use Industry:

Oil & Gas
Food processing
Automotive
Mining & Metals
Pulp & Paper
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan

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.

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Global Oscillating Positive Expiratory Pressure (OPEP) Device Market Projected to Reach USD 263.40 Million by 2034

Recent market analysis highlights a notable surge in the global oscillating positive expiratory pressure (OPEP) device market, with expectations to achieve a valuation of USD 151.30 million by the end of 2024. The market is forecasted to expand significantly, reaching USD 263.40 million by 2034, reflecting a steady Compound Annual Growth Rate (CAGR) of 5.70% during the forecast period.

This substantial growth trajectory is primarily driven by the increasing adoption of OPEP devices within respiratory therapy. These devices, which are designed to aid in the clearance of mucus from the lungs, are becoming increasingly integral to patient care for those with chronic respiratory conditions. The rise in prevalence of respiratory diseases and advancements in respiratory therapy technologies are key factors contributing to the market’s expansion.

As healthcare systems worldwide continue to emphasize the importance of effective respiratory treatments, the demand for innovative solutions such as OPEP devices is expected to rise. The devices’ efficacy in enhancing patient outcomes and improving quality of life are anticipated to drive their widespread adoption.

Regional Outlook:

North America and Europe currently hold significant shares in the OPEP device market. East Asia is projected to experience lucrative growth from 2024 to 2034, driven by an increase in local production and affordable product availability. The rising prevalence of COPD, particularly due to smoking in China and respiratory illnesses among the elderly in Japan, is contributing to market expansion. Despite this, low awareness among healthcare practitioners and patients about OPEP devices remains a barrier.

“The OPEP device market is experiencing steady growth, fueled by increased awareness of respiratory health, rising incidence of respiratory diseases, and innovations in medical system infrastructure. The growing demand for respiratory therapy solutions underscores the market’s investment potential,” comments an analyst at FMI.

Key Takeaways:

The COPD sector is expected to hold a 33.70% share in the indication category by 2024.
Mouthpiece PEP devices are projected to dominate with a 96.80% market share in 2024.
Italy’s OPEP device market is set to grow at a CAGR of 5.20% from 2024 to 2034.
Germany and China are leading with CAGRs of 5.60% and 6.00%, respectively, through 2034.
The United States and Japan are also expected to see significant growth, with CAGRs of 5.40% and 5.60%, respectively.

Get the Latest on Oscillating Positive Expiratory Pressure (OPEP) Device: Our Full Report Highlights Key Trends and Insights!

Competitive Landscape:

The OPEP device market is highly competitive, with several key players engaged in strategic partnerships and new product launches to capture market share. Notable developments include:

Smith’s Medical launched the Acapella Choice Blue vibratory PEP therapy system in April 2021.
AirPhysio received FDA approval in January 2021 for its Positive Expiratory Pressure (PEP) Device.

Essential Oscillating Positive Expiratory Pressure (OPEP) Device Manufacturers:

Smith’s Medical, Inc.
Allergan plc
Monaghan Medical Corporation & Trudell Medical International
PARI GmbH
WyMedical Pty Ltd
R. Cegla GmbH & Co. KG
D-R BURTON HEALTHCARE
AirPhysio
Medica Holdings, LLC.

Key Segments:

By Product Type: Face Mask PEP Devices, Mouthpiece PEP Devices, Bottle PEP Devices
By Indication: COPD, Asthma, Atelectasis, Bronchitis, Bronchiectasis, Cystic Fibrosis, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Region: North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and 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:

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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Centrifugal Pumps Market Worldwide Expected to Hit USD 60 Billion by 2033, with a CAGR of 6.2% | FMI Reports

The centrifugal pumps market is estimated to be valued at USD 33 billion in 2023 and is expected to grow to USD 60 billion by 2033, with a projected compound annual growth rate (CAGR) of 6.2% during this period. This growth is largely driven by the rising demand for energy-efficient pumps, as sustainability becomes increasingly important across various industries. Manufacturers are concentrating on developing centrifugal pumps that minimize energy consumption while delivering high performance.

A notable trend in the market is the integration of digitalization and Internet of Things (IoT) capabilities into centrifugal pumps. These smart pumps, equipped with built-in sensors and connectivity features, allow for real-time monitoring, predictive maintenance, and remote control, thereby enhancing operational efficiency and reducing downtime and maintenance costs.

Additionally, the growing focus on water conservation and wastewater treatment is creating significant opportunities for centrifugal pump manufacturers. With stricter environmental regulations and an increased need for effective water management, there is a rising demand for pumps specifically designed for water treatment processes. The market is also seeing a shift towards customization and modular design, with manufacturers offering centrifugal pumps that can be tailored to meet specific needs, improving their adaptability across various applications.

Explore In-Depth Analysis—Click Here to Access the Report!

Key Takeaways from the Centrifugal Pumps Market:

The Canadian centrifugal pumps market is projected to experience a compound annual growth rate (CAGR) of approximately 4% during the forecast period.
Germany holds around 18% of the market share in Europe as of 2023.
Sales in the GCC countries are expected to contribute to over 44% of the centrifugal pumps market in the Middle East and Africa in 2023.
China is predicted to exhibit a CAGR of over 6% in the next decade.
The industrial sector dominates the market, representing nearly 60% of the total market share in 2023.
By 2033, the multi-stage pump segment is estimated to account for over 55% of the market.

“The centrifugal pumps market is witnessing significant growth due to the rising demand from various industries such as oil and gas, water treatment, and chemical, driven by their efficiency, reliability, and wide application range”, – remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Centrifugal Pumps market?

Key players in the centrifugal pumps market are revolutionizing manufacturing through various strategies and innovations. They are investing in research and development to enhance pump efficiency, durability, and performance. Advanced materials like composites and alloys are being used to improve pump components, reducing maintenance and operating costs.

Players are incorporating smart technologies such as IoT and AI to enable remote monitoring, predictive maintenance, and energy optimization. Automation and robotics are streamlining the production process, improving productivity and reducing human errors. There is a growing emphasis on sustainable manufacturing practices, including the use of eco-friendly materials and energy-efficient processes, reducing environmental impact. Overall, these advancements are driving the evolution of the centrifugal pumps market and providing improved solutions for various industries.

Key Players in the Market:

Ebara Corporation
Xylem Inc.
Sulzer AG
Flowserve Corporation
Grundfos
Wier Group
KSB Group
Shakti Pump
Kirloskar Brothers Ltd.
WILO SE
Tsurumi Manufacturing Co., Ltd.
DESMI A/S
WPIL Limited
HERMETIC-Pumpen GmbH
Klaus Union GmbH & Co. KG
Ruhrpumpen Group
HOMA Pumpenfabrik GmbH
CP Pumpen AG
Toyo Denki Industrial Co. Ltd.
Speck Pumpen Walter Speck GmbH & Co. KG

Product Portfolio:

Ebara Corporation offers a diverse product portfolio including pumps, compressors, turbines, and environmental equipment, catering to various industries such as water supply, wastewater treatment, and energy.
Xylem Inc. specializes in providing innovative water solutions, offering a wide range of products such as pumps, filters, and treatment systems, aimed at addressing water challenges faced by communities, industries, and commercial sectors.

Market Segmentations

By Product Type:

Single Stage Pump
- Small
- Medium
- High
Multi Stage Pump
- Small
- Medium
- High
Axial & Mixed Flow Pump
- Small
- Medium
- High
Submersible Pump
- Small
- Medium
- High
Seal Less & Circular Pump
- Small
- Medium
- High

By Application Type:

Industrial Centrifugal Pumps
- Oil & Gas
- Chemical
- Water & Wastewater
- Food & Beverage
- Pharmaceutical
- Power
- Others
Agricultural Centrifugal Pumps
Domestic Centrifugal Pumps

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About the Industrial Automation at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective 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.

About Future Market Insights (FMI)

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U.S. Commercial Refrigeration Equipment Market Expected to Reach USD 11.8 Billion by 2034, with a CAGR of 3.90% | FMI Reports

United States commercial refrigeration equipment industry — United States commercial refrigeration equipment market

The United States commercial refrigeration equipment market is projected to grow at a compound annual growth rate (CAGR) of 3.90% through 2034. Sales are expected to reach USD 8,049.70 million in 2024 and surpass USD 11,801.44 million by 2034.

This growth is primarily driven by the expansion of the food retail sector, particularly supermarkets and convenience stores, which is boosting the demand for commercial refrigeration equipment. Manufacturers are focusing on developing innovative, energy-efficient refrigeration solutions tailored to meet the specific needs of the food retail industry, ensuring optimal product preservation.

However, the industry’s growth is somewhat tempered by the high initial costs associated with purchasing and installing advanced commercial refrigeration equipment. Although businesses recognize the long-term benefits of energy savings and reduced operational expenses, the substantial upfront investment can be a barrier. To overcome this challenge, companies are exploring various financing options and innovative business models to make these advanced technologies more accessible to a broader range of businesses.

Explore In-Depth Analysis—Click Here to Access the Report!

Key Trends Influencing the Sales of Commercial Refrigeration Equipment in the United States

Energy Efficiency and Sustainability

A prominent trend driving the adoption of commercial refrigeration equipment in the United States is the heightened focus on energy efficiency and sustainability. Businesses are increasingly seeking refrigeration solutions that meet stringent environmental regulations and contribute to reduced energy consumption. The integration of eco-friendly refrigerants, advanced insulation materials, and energy-efficient compressors reflects this trend. Companies are aligning their offerings to cater to the growing demand for environmentally responsible solutions.

Rising Demand in eCommerce and Cold Chain Logistics

The growth of eCommerce and the increasing demand for efficient cold chain logistics directly impact the adoption of commercial refrigeration equipment. With more consumers relying on online grocery shopping, there is a heightened requirement for advanced refrigeration solutions. Additionally, the need for temperature-controlled transportation of perishable goods further emphasizes this demand. Companies are aligning their product offerings to cater to the expanding cold chain logistics sector. They are integrating features that ensure the integrity of products during transportation and storage.

Retrofitting and Upgradation Services

Rather than opting for entirely new refrigeration systems, businesses are increasingly turning to retrofitting and upgrading services. This trend is driven by a desire to enhance the efficiency of existing equipment, reduce energy consumption, and meet evolving regulatory requirements. Companies specializing in retrofitting solutions are witnessing increased demand. They now provide cost-effective alternatives for businesses looking to modernize their refrigeration infrastructure without significant capital investment.

Competition Outlook for Commercial Refrigeration Equipment in the United States

Leading companies are leveraging innovation to maintain their industry dominance. Continuous investment in research and development enables the introduction of energy-efficient and eco-friendly refrigeration solutions, meeting stringent regulatory requirements.

Collaborations and partnerships between equipment manufacturers and technology providers are on the rise. These strategic alliances aim to integrate smart technologies, data analytics, and IoT capabilities into commercial refrigeration systems, enhancing efficiency and performance.

Companies increasingly adopt a customer-centric approach, offering customized solutions to meet specific requirements. This trend emphasizes flexibility, allowing businesses to choose commercial refrigeration equipment tailored to their unique operational demands.

Sustainability has become a key differentiator. Industry leaders are integrating environmentally friendly practices into their manufacturing processes and product offerings. This aligns with the growing demand for sustainable solutions and reflects a commitment to reducing the overall environmental impact of commercial refrigeration.

Recent Developments by Companies Manufacturing Commercial Refrigeration Equipment in the United States

Carrier Corporation, a subsidiary of United Technologies Corporation, is a global leader in heating, ventilation, air conditioning, and refrigeration solutions. The company has recently launched a new product line called Carrier Transicold Vector 8611MT, which is a multi-temperature trailer refrigeration unit that can deliver efficient cooling and heating performance for trailers that are divided into multiple compartments.
Dover Corporation recently acquired Kelvion Refrigeration GmbH, a German company that produces commercial refrigeration applications’ heat exchangers, condensers, and evaporators.
Hussmann Corporation, a subsidiary of Panasonic Corporation, is a leading provider of display cases, refrigeration systems, and merchandising solutions for the food retail industry. The company has recently partnered with Trillium Energy Systems, a Canadian company that specializes in energy management and refrigeration optimization solutions. The partnership will enable Hussmann to offer Trillium’s innovative technologies and services to its customers in North America, which can help them reduce energy consumption and greenhouse gas emissions.
Johnson Controls International plc is a global leader in building technologies and solutions, including commercial refrigeration equipment. The company recently introduced a new product called Johnson Controls Metasys 11.0, a building automation system that can integrate and control various devices and systems, such as HVAC, lighting, security, and refrigeration. The product can help customers improve operational efficiency, sustainability, and occupant comfort.
Emerson Electric Co. is a global provider of engineering and technology solutions, including commercial refrigeration equipment. The company has recently announced that it will invest USD100 million in its Sidney, Ohio facility, which is the company’s global headquarters for its air conditioning and refrigeration business. The investment will support the expansion and modernization of the facility, which will create new jobs and enhance the company’s innovation capabilities.

Key Companies Providing Commercial Refrigeration Equipment in the United States

Carrier Corporation
Dover Corporation
Hussmann Corporation
Johnson Controls International plc
Emerson Electric Co.
United Technologies Corporation
Manitowoc Company, Inc.
True Manufacturing Company

Key Segmentations

By Product Type

Refrigerated Display Cases
Beverage Refrigeration Equipment
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing Equipment
- Beer Dispensing Equipment
Transportation Refrigeration Systems
- Shipping Container Systems
- Trailer Refrigeration
- Truck Refrigeration Systems
Refrigerator & Freezers
- Walk-in Refrigerators
- Reach-in Refrigerators
Ice Machines
Refrigerated Vending Machines

By Application

Food Services
- Restaurants
- Convenience Stores
Food Retail
Food and Beverage Production
Logistics and Transportation
Food and Beverage Distribution

By Region

Northeast United States
Midwest United States
West United States
South United States

About Future Market Insights (FMI)

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Automotive Pump Market Expected to Surpass USD 118 Billion by 2033, Growing at a 6.2% CAGR | FMI Reports

According to Future Market Insights, the global automotive pump market is expected to reach a valuation of USD 64.57 billion in 2023 and grow to USD 118 billion by 2033, with a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2023 to 2033.

This growth is driven by the increasing global vehicle usage and the adoption of advanced technologies aimed at producing fuel-efficient vehicles that comply with volatile organic compound (VOC) emission regulations.

Automakers and manufacturers are heavily investing in research and development and the production of automotive components. There is a growing trend of integrating smart technologies such as automatic transmission, gasoline direct injection, and gasoline turbochargers, all of which depend on automotive pumps for optimal performance. This trend is expected to create significant growth opportunities within the automotive pump market.

Increased disposable incomes, especially in emerging economies, have boosted individual purchasing power, leading automakers to focus more on mid-sized and compact cars. The integration of premium features like smooth gear shifting, power steering, anti-lock braking systems (ABS), and enhanced cabin comfort systems in these vehicles is opening new avenues for market expansion.

The rising demand for high-performance vehicles that are both fuel-efficient and lightweight is driving innovation in the automotive pump industry. These pumps are crucial for enhancing vehicle energy efficiency. The adoption of variable displacement oil pumps, which ensure optimal oil circulation throughout the engine while efficiently dissipating heat, is expected to contribute to the industry’s overall growth.

Explore In-Depth Analysis—Click Here to Access the Report!

Key Takeaways

Europe automotive pump market is expected to grow with a CAGR of 6.3% during the forecast period.
The market in India is projected to witness a CAGR of 6.4% during the forecast period.
The market in China is expected to grow with a CAGR of 6.5% during the forecast period.
By sales channel, OEM is projected to lead the segment and is estimated to grow with a CAGR of 6.7% during the forecast period.
By technology, electric pump segment is expected to grow with a CAGR of 7% throughout the forecast period.

“The incorporation of smart technologies like automatic transmission, gasoline direct injection, and gasoline turbochargers is expected to fuel the market growth during the forecast period,” – comments an FMI analyst.

Competitive Landscape

The automotive pump market is highly competitive, with several key industry players investing heavily in the production of these services.

The key industry players are DENSO Corporation, Johnson Electric Holdings Limited, HELLA KGaA Hueck & Co., Hitachi Automotive Systems, Ltd., Concentric AB, Continental AG, Delphi Automotive LLP, JTEKT Corporation, KSPG AG, Magna International Inc., Magneti Marelli S.p.A, Robert Bosch GmbH, Pricol Ltd., SHW Group, TI Automotive Ltd, ZF TRW Automotive Holdings Corp.

Some recent developments in the market are:

In January 2022, Aisan Industry Co., Ltd., a manufacturer specializing in engine components, successfully finalized the acquisition of Denso Corporation’s fuel pump module business. This strategic move aimed to enhance Aisan Industry’s powertrain portfolio and capitalize on potential market expansion prospects.
In August 2022, HELLA KGaA Hueck & Co, an automotive supplier known for its FORVIA brand, unveiled an expansion to its already extensive thermal management portfolio. The company introduced two new additions: the electronic Valve Actuator and the high-performance Media Pump, both designed to enhance coolant circulation capabilities.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive pump market, providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive pump market, the market is segmented on the basis of pump, sales channel, technology, vehicle type, and region.

Key Segmentations

Pump:

Fuel Supply Pump
Fuel Injection Pump
Transmission Oil Pump
Conventional Engine Oil Pump
Variable Engine Oil Pump
Steering Pump
Coolant Pump
Windshield Washer Pump
Vacuum Pump

Sales Channel:

OEM
Aftermarket

Technology:

Electric
Mechanical

Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two Wheeler

Region:

North America
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The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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Global Stool Management System Market Poised for Steady Growth, Projected to Reach USD 631.64 Million by 2034 exhibit a CAGR of 3.0%

According to Future Market Insights’ latest industry analysis, the global stool management system market is set to experience significant growth in the coming decade. The market, valued at approximately USD 470 million in 2024, is projected to grow at a compound annual growth rate (CAGR) of 3.0% throughout the forecast period. By 2034, the market is expected to reach an estimated value of USD 631.64 million.

Stool management systems play a crucial role in improving patient care and hygiene management, especially in hospital and long-term care settings. The steady growth of the market is attributed to increasing healthcare needs, advancements in medical technologies, and rising awareness of infection control protocols.

“The stool management system market is witnessing a steady upward trajectory, driven by the demand for improved patient comfort and hygiene,” said at Future Market Insights. “The anticipated growth reflects a broader trend in the healthcare sector towards innovative solutions that enhance patient care and operational efficiency.”

Key factors contributing to the market growth include the aging population, the rise in chronic diseases, and the increasing focus on minimizing healthcare-associated infections. The development of advanced stool management systems designed to address these needs is expected to further propel market expansion.

The market’s growth presents numerous opportunities for stakeholders, including manufacturers, healthcare providers, and investors, to explore and capitalize on emerging trends and technologies in stool management solutions.

Key Takeaways from the Market Study:

The stoma bags segment is set to dominate the stool management system market, with a share of 63.76% in 2024.
On the basis of end users, the hospital segment is on track to lead the stool management system industry with a share of 35.24% in 2024.
The stool management system industry in the United Kingdom is anticipated to grow at a modest CAGR of 4.30% through 2034.
The stool management system industry in India is estimated to rise at a 6.50% CAGR through 2034.
The stool management system market in China has the potential to increase at a 6.20% CAGR through 2034.

Explore the High Demand for Stool Management System: Our Full Report Provides a Detailed Look at Emerging Trends!

Competitive Landscape:

The stool management system market is highly competitive, with many companies supplying advanced colostomy and ileostomy bags, rectal irrigation systems, and ostomy care accessories to healthcare facilities. Some of the prominent players in this market include Convatec Group PLC, Hollister Incorporated, Coloplast Group, and B. Braun Melsungen AG. These companies have a strong market presence owing to their widespread reach and focus on research and development.

Recent Developments:

In February 2022, Coloplast launched SenSura® Mio in Singapore, a stoma care innovation with BodyFit tech for ostomy patients.
In May 2023, Advanced Medical Balloons GmbH introduced Hygh-tec, a fecal management system with FDA clearance, in the United States market.
In Jan. 2023, OstomyCure completed TIES implant trial patient recruitment, paving the way for forthcoming CE Mark regulatory submissions.

Key Companies in the Market:

Coloplast A/S
Hollister Incorporated
ConvaTec Group PLC
B. Braun Melsungen AG
C.R. Bard, Inc. (A subsidiary of BD)
3M Healthcare
Salts Healthcare Ltd.
Marlen Manufacturing & Development Co.
Welland Medical Limited
Torbot Group, Inc.
Dansac
Flexicare Medical Limited
Genairex, Inc.
Smith & Nephew plc
EuroMed Inc.
Pelican Healthcare Ltd.
Hollister Ostomy Care
Nu-Hope Laboratories, Inc.
Parthenon Company Inc.
Peak Medical Ltd.

Market Segmentation of Stool Management System:

By Product:

Transanal Irrigation Systems
- Mini Devices
- Cone Devices
- Balloon Catheter Devices
- Bed Systems
Stoma Bags
- Colostomy Bags
- Ileostomy Bags
- Urostomy Bags

By Age Group:

Pediatric
Adults

By End User:

Hospitals
Ambulatory Surgical Centres
Home Care Settings
Long-term Care Centres

By Region:

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

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: size sales share demand

The female stress urinary incontinence treatment device market size is projected to be worth USD 770.0 million in 2024. The market is anticipated to reach USD 1,432.0 million by 2034. The market is further expected to surge at a CAGR of 6.4% during the forecast period 2024 to 2034.

The global disposable incontinence products market sales is expected to grow at a CAGR of 5.3%. The market value is projected to increase from USD 10.6 Billion in 2023 to USD 17.8 Billion by 2033.

The global urinary bag market share is poised to surpass USD 1,899.3 million by 2023, surging at a remarkable CAGR of 4.4% through 2033 to reach USD 2,911.7 million.

The nephrology and urology incontinence devices market demand are predicted to register a CAGR of 4.1% during the forecast period 2022 to 2032.

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 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 bone cement delivery system market outlook is expected to expand at a CAGR of 6.2% through 2034. The industry value is projected to increase from USD 942.4 million in 2024 to USD 1,719.8 million by 2034.

The global elastography imaging market overview is expected to progress at a CAGR of 10.5%. The industry’s value is projected to increase from USD 3,841.6 million in 2024 to USD 10,426.4 million by 2034.

The global intracardiac imaging market growth is expected to advance at a CAGR of 5.8%. The value of the industry is projected to increase from USD 744.3 million in 2024 to USD 1,308 million by 2034.

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.

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Global Pedicle Screw System Market Poised for Significant Growth, Projected to Reach USD 6.46 Billion by 2029

According to a recent market study conducted by Future Market Insights (FMI), the global pedicle screw system market is set for remarkable growth. The market, valued at USD 4.71 billion in 2022, is forecasted to expand to USD 6.46 billion by 2029. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 4.6% during the forecast period.

Pedicle screw systems, integral to spinal surgeries, have seen increased adoption due to their effectiveness in stabilizing the spine and improving patient outcomes. The rising prevalence of spinal disorders and the advancement of surgical techniques are key drivers behind the market’s expansion.

Future Market Insights’ analysis highlights several factors contributing to this growth, including the increasing geriatric population, advancements in minimally invasive surgical procedures, and rising awareness about spinal health. Additionally, technological innovations in pedicle screw systems, such as the development of bioresorbable screws and enhanced imaging techniques, are expected to further boost market growth.

Key players in the market are focusing on expanding their product portfolios and enhancing their research and development efforts to meet the evolving needs of the healthcare industry. Strategic partnerships and mergers and acquisitions are also anticipated to play a crucial role in shaping the competitive landscape of the global pedicle screw system market.

“As we look ahead, the pedicle screw system market is set to experience substantial growth,” said at Future Market Insights. “The increasing demand for effective spinal solutions and continuous advancements in technology are driving this positive trend. We anticipate that these developments will contribute significantly to market expansion over the coming years.”

Key Takeaways:

The pedicle screw system market experienced steady growth with a CAGR of 4.4% between 2014 and 2021.
It represented approximately 10.4% of the orthopedic implant market in 2021, equating to around USD 4.5 billion.
The global market is expected to reach USD 6.46 billion by 2029, driven by a projected CAGR of 4.6%.
The US leads the market due to its aging population and the increasing use of pedicle screws for spinal disorders.
Germany dominates the European market, supported by a high prevalence of spinal disorders, trends towards minimally invasive surgeries, and government support for development.
China is anticipated to exhibit the fastest growth, with a CAGR of 9.6%, driven by increased healthcare spending, a growing elderly population, and rising demand for spinal treatments.

Elevated Demand for Pedicle Screw System: Our Full Report Offers a Thorough Analysis of Trends and Insights!

Competitive Landscape:

Key players in the pedicle screw systems market include Medtronic plc, Aesculap Implant Systems LLC, Alphatec Holdings Inc., DePuy Synthes Inc., Evolution Spine LLC, Exactech Inc., Globus Medical Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Orthofix Inc., Qualgenix LLC, RTI Surgical Inc., Solco Biomedical Co Ltd., Stryker Corp, and Synthes Inc. These companies are focusing on product innovations, regulatory approvals, and strategic expansions to maintain competitive advantage.

Recent developments include:

September 2021: Intelivation Technologies received FDA 510(k) Clearance for its Golden Isles Pedicle Screw System™.
June 2021: Neo Medical obtained FDA 510(k) clearance for its pedicle screw system for late-stage tumor indications, in combination with BonOs Inject cement from OSARTIS.
September 2019: Stryker announced its definitive agreement to acquire Mobius Imaging & Cardan Robotics.

Market Segmentation:

By Product: Cervical Pedicle Screw Systems, Thoraco-Lumbar Pedicle Screw Systems
By Material: Stainless Steel, Titanium Alloys, Unalloyed Titanium
By Application: Spondylolisthesis, Fracture, Scoliosis, Spinal Tumor, Failed Fusion, Others
By Level of Surgery: One-level, Two-level, Three-level, Four-level and higher Pedicle Screw Systems
By End-User: Hospitals, Ambulatory Surgery Centers, Specialized Clinics
By Region: North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Organoids Market Poised for Exponential Growth, Projected to Reach USD 3,828.0 Million by 2034 | FMI

The global organoids market is on track for remarkable expansion, with forecasts indicating a surge to USD 1,306.4 million by 2024. This growth is set to continue at an impressive compound annual growth rate (CAGR) of 11.3% over the next decade, propelling the market to an estimated USD 3,828.0 million by 2034, according to the latest industry analysis.

Organoids—miniaturized, simplified versions of organs created in vitro—are revolutionizing scientific and medical research. Unlike traditional 2D cell cultures and animal models, organoids provide a more biologically relevant alternative. These three-dimensional structures replicate the architecture and function of human organs, offering unprecedented opportunities for advancement in various fields.

The escalating demand for organoids is driven by their transformative potential across multiple applications, including pathogenesis studies, regenerative medicine, and drug discovery and testing. Their increasing use in clinical trials is unveiling new insights into disease mechanisms and paving the way for innovative therapeutic interventions.

Technological advancements are fueling this market growth. Enhanced maturity and complexity of organoids, made possible by innovations in bioreactors and vascularization techniques, are overcoming previous limitations related to size and nutrient supply. These advancements are facilitating the creation of more sophisticated organoid models, further accelerating their adoption in research and clinical applications.

As the organoids market continues to expand, it is set to revolutionize personalized medicine, drug discovery, and regenerative medicine. The sector promises new avenues for effective treatments and a deeper understanding of human biology, marking a significant leap forward in medical science.

Key Takeaways: Organoids Market

The global organoids market is poised for significant growth, reaching USD 1,306.4 million in 2024 and projected to triple to USD 3,828.0 million by 2034, with a CAGR of 11.3%.
Regional Leadership:
- USA: Strongest market with a projected CAGR of 7.5%, driven by high healthcare spending and investment in advanced medical technologies.
- China: Rapid expansion with a predicted CAGR of 17.5%, fueled by a booming biotechnology sector and international collaborations.
- Japan: Growing market with a projected CAGR of 15.8%, boosted by collaborations with global players for technological advancement.
- Europe: Steady growth across major economies: Canada (7.9%), Germany (9.2%), France (8.8%), and Italy (8.4%).
Key Drivers: Advancements in biotechnology, increasing demand for drug development and disease modeling, and growing investments in research and development are propelling market growth.

Increased Interest in Organoids: Explore Our Detailed Report for Key Trends and Insights!

Competitive Landscape of the Organoids Industry:

Industry players in the organoids sector are increasingly collaborating with other companies to leverage their research capabilities and drive breakthrough discoveries. These partnerships provide a competitive edge for both parties by synergistically utilizing existing technologies and enhancing market reach.

Many research firms in the organoids market strive to obtain certifications and other forms of recognition to strengthen their brand value within the industry. Introducing novel products and expanding service portfolios are common strategies employed by these companies. Below are some recent developments in the organoid industry.

Recent Industry Developments in the Organoids Market:

In June 2024, DefiniGEN and Atelerix successfully shipped in vitro liver models from the UK to a leading pharmaceutical company in the US. This collaboration combined DefiniGEN’s iPSC hepatocytes with Atelerix’s hydrogel preservation technology, ensuring sample stability and functionality during long-distance transport.
In May 2024, Crown Bioscience and the Shanghai Model Organisms Center (SMOC) expanded their existing partnership to provide immuno-oncology platforms and services from Crown Bioscience’s facilities to clients worldwide.
In April 2024, Crown Bioscience achieved dual accreditation from the College of American Pathologists (CAP) for its medical laboratory services, further establishing its leadership in the field.

Key Players of the Organoids Industry:

Thermo Fisher Scientific Inc.
Merck KGaA
Corning Incorporated
Charles River Laboratories
STEMCELL Technologies Inc.
UPM Biomedicals
Emulate, Inc.
MIMETAS
InSphero
Promega Corporation
Crown Biosciences
Nortis Bio
HUB Organoids
Cellesce Ltd.
Lena Biosciences, Inc.

Organoids Market Segmentation:

By Source:

In terms of source, the industry is segregated into embryonic stem cells (ESCs), induced PSCs (iPSCs), and human adult stem cells (ASCs).

By Organs:

In terms of organs, the industry is segmented into stomach, intestine, liver, pancreas, lung, cardiac, heart, brain, kidney, and other organs.

By Application:

In terms of application, the industry is bifurcated into developmental biology, pathology of infectious disease, regenerative medicine, drug toxicity and efficacy testing, drug discovery and personalized medicine, and others applications.

By End User:

In terms of end user, the industry is segmented into biopharmaceutical companies, contract research organizations, and academics and research institutes.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, Middle East, and Africa have been covered in the report.

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

The global cell culture market development is set to grow at a CAGR of 4.7% during the projected period. The market value is projected to increase from USD 27,911.3 million in 2024 to USD 44,593.1 million by 2034.

The global 3D cell culture market demand is projected to be worth USD 1.26 billion in 2023. The market is likely to reach USD 3 billion by 2033. The market is further expected to surge at a CAGR of 9% during the forecast period 2023 to 2033.

The global cell culture incubator market size is expected to be valued at USD 2,315.5 million in 2023, and is projected to reach USD 4,305.1 million by 2033. A CAGR worth 6.4% is expected for the market during the 2023 to 2033 forecast period.

The global dehydrated culture media market share is forecast to grow at a 7.7% CAGR from 2023 to 2033. As per its findings, a valuation of USD 4 billion is expected as of 2023, and will ultimately reach USD 8.4 billion by 2033.

The global cell culture sampling devices market overview is anticipated to flourish at a steady CAGR of 10.8% between 2023 and 2033. The market is expected to hold a market share of USD 7.80 billion by 2033, while the market is likely to reach a value of USD 2.79 billion in 2023.

The global automated cell culture systems market growth is projected to increase from a valuation of USD 10.91 Billion in 2022 to USD 20.87 Billion by 2030.

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 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 cell culture media bag market outlook is expected to be valued at USD 1,308.7 million in 2023 and to reach a valuation of USD 3,541 million by 2033. The demand for cell culture media bag is estimated to grow at a steady 10.5% CAGR.

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%.

Author By:

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: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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