Market Research Blog – Page 1360 – New Product Development

Global Distribution Components Market Poised to Reach US$ 60.5 Billion by 2032, Growing at a 4.4% CAGR

The Distribution Components Market report, published by Future Market Insights, an organization with ESOMAR Certified Market Research and Consulting Firm, provides insights and analysis into the Distribution Components market. It outlines the scope and content of the research, covering driving factors, market size, and forecast data for Distribution Components. The report includes detailed segmentations in revenue and shipment, along with 10-year forecasts extending to 2032. Additionally, it discusses key players in the industry, their market shares, the competitive landscape, and regional insights

The global Distribution components market is expected to reach a valuation of around US$ 39,236.6 Million in 2022. As per a new report by Future Market Insights, the market is projected to exhibit growth at a CAGR of 4.4% from 2022 to 2032. It is likely to be valued at US$ 60,525.1 Million by the end of 2032.

The market for distribution components witnessed moderate growth during the past few years, primarily due to the rising number of residential & infrastructure development projects across the globe. The power generation sector has experienced high investments from governments of various countries around the world to support the development of renewable energy sources. The ever-increasing population and rapid urbanization have also resulted in a moderate surge in terms of new residential construction. It is projected to lead to high demand for residential and commercial construction, which would have a positive impact on the demand for distribution components.

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Besides, demand for distribution components has significantly increased as a result of the rapid expansion of the industrial sector throughout the world, as well as rising public awareness regarding the need to save electricity by integrating distribution components into electrical systems. It is also anticipated that the implementation of energy-efficiency norms and regulations for the building of public lighting & power systems will surge the need for distribution components.

Key Takeaways from the Distribution Components Market Study:

Over the course of the forecast period, the controls stations and covers segment is expected to grow at a CAGR of 5.7% and reach around US$ 9,454.3 Million by 2032.
By country, the U.S. is expected to remain dominant throughout the forecast period and is anticipated to account for more than 20% of the market share by 2032.
China is expected to develop at a 6.2% CAGR in the distribution components market during the evaluation period.
From 2022 to 2032, the India distribution components market is estimated to grow at a CAGR of 6.6%.
Based on product type, the distribution segment is likely to showcase a moderate growth rate at a CAGR of 3.6% in the evaluation period from 2022 to 2032.

“Power consumption at various production facilities is anticipated to increase as the production capacity surges. Manufacturers nowadays are concentrating on reducing their operational costs through efficient power supply with the use of distribution components for efficient and cost-effective production,” says a Future Market Insights analyst.

Competitive Landscape: Distribution Components Market

The distribution components market is highly fragmented, with top players accounting for less than one-third of the global market revenue in 2021. The unorganized sector includes both European and Chinese brands, which are selling their products through local dealers and distributors. European brands mainly depend on their high durability, whereas Chinese brands’ USP remains their significantly lower pricing.

Eaton Corporation
Johnson Electric Holding Ltd
Schneider Electric
ABB Ltd
General Electric
Legrand
Hitachi Ltd
Panasonic Corporation
Leviton
Mitsubishi Electric
Sumitomo Electric Industries
Emerson Electric Co
Fuji Electric
Toshiba Corporation

Get More Insights into the Distribution Components Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global distribution components market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type and by region.

Key Segments Covered In Distribution Components Market Analysis

By Product Type:

Wiring Devices
Fire Rated Poke Through
Floor Boxes
Cable Glands
Controls Stations and Covers
Distribution
Enclosures
Brake Modules
Mobile Electrification

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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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Inductor Market Projected to Reach US$ 21,417.5 Million by 2032, with a CAGR of 6.1%

The global inductor market is predicted to surpass US$ 11,862.1 Million by 2022, with a year-on-year growth rate of 5.6%. With increasing adoption in automotive, industrial, and consumer electronics, worldwide demand for inductors is expected to expand at a 6.1% CAGR between 2022 and 2032, reaching a market worth of US$ 21,417.5 Million by 2032.

An inductor is a two-terminal passive electrical component that stores energy in a magnetic field when an electric current passes through it. In many switched-mode power supplies, inductors are widely used as energy storage devices to generate DC (direct current). The majority of inductors are used as filters to reduce ripple in electronic circuits. They are also used to limit switching and fault currents in electrical transmission systems.

Rising production and usage of electronic products globally as a result of rapid digitalization is expected to drive the inductor market during the forecast period. Similarly, the inductor market is expected to grow tremendously during the next ten years as a result of rising automation in several end-use industries, including the automotive, consumer electronics, and power industries.

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Currently, the overall inductor market holds approximately 15% share of the global passive components market and this number is likely to further surge due to growing penetration of digitalization and increasing popularity of electrical vehicles.

Regional Analysis:

East Asia, led by China, is emerging as the most profitable inductor market due to the rapid growth of the consumer electronics and automotive industries, favourable government support, and easy availability of raw materials.

China’s economy has grown steadily in recent years, fueled primarily by an export boom. China is a major exporter of electronic components in the East Asian region. China’s global production share of electronic circuit components is approximately 32.9%, placing it far ahead of other electronics manufacturing hubs.

The U.S. holds around 79.7% market share of the North America inductor market and it is predicted to expand at 5.4% CAGR during the forecast period. Robust expansion of automotive and consumer electronics industries, increasing adoption of advanced technologies, and strong presence of leading manufacturers are some of the key factors driving the U.S. inductor market.

Germany’s inductor market is anticipated to expand at a robust CAGR of 6.8% over the forecast period. Sales in the country are projected to increase by 2x times by the end of 2032, generating revenues worth US$ 932.1 million.

Between 2017 and 2021, the global inductor market grew at a CAGR of about 2.9%. FMI forecasts the overall inductor market to grow at a 6.1% CAGR through 2032, owing to the rapid growth of the consumer electronics and automotive industries.

The trend toward electrification has grown across industries such as automotive at a rapid pace during the last few years and it is likely to further escalate during the projection period due to rising fuel prices. This is providing a major impetus to the growth of inductor market.

Competitive Landscape

In recent years, there has been an increase in acquisition and growth operations to strengthen the inductor supply chain. Several major Inductor manufacturers are also studying, developing, and launching new products.

For instance,

In April 2022, Murata announced the availability of the DFE32CAH_R0 series of metal power inductors for high-temperature applications of up to 150 °C. These new products support large currents by optimizing the internal coil structure design and utilizing original metal materials.
In March 2022, TDK Corporation introduced a new series of shielded SMT power inductors, optimized for high saturation currents and low DC resistance.

Global Inductor Market By Category

By Inductance Type:

Fixed Inductors
Variable Inductors

By Type:

Film Type
Multi-Layered
Wire Wound
Molded

By Core Type:

Air Core
Ferrite Core
Iron Core

By Mounting Technique:

Surface Mount
Through Hole

By Application:

Automotive
Industrial
RF, Telecommunications & High-Frequency Applications
Military and Defense
Consumer Electronics
Power Generation, Transmission and Distributions
Healthcare

By Region:

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

About Us

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

Contact:

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

Global Wood Chipper Market to Surpass USD 598.6 Million by 2032 with a 3.4% CAGR Growth

The global wood chipper market has seen significant growth, reaching a valuation of USD 418.2 Million in 2021, poised to exceed USD 430.4 Million by the close of 2022. This upward trajectory is expected to continue, driven by increasing adoption across diverse end-use sectors. Projections indicate a steady 3.4% compound annual growth rate (CAGR) between 2022 and 2032, culminating in a total market value of USD 598.6 Million by 2032.

Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into smaller wood chips. These devices play a pivotal role in streamlining cleanup processes, offering an ideal solution for minimizing the workload associated with garden maintenance.

Their utility extends beyond residential settings, finding growing applications across construction sites and various industries. Wood chippers facilitate the chipping of a wide array of wood materials into smaller chips, which can then be conveniently transported and utilized as fuel across multiple sectors.

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Regional Insights

According to FMI (Future Market Insights), the wood chipper market in China is expected to witness a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 3.7% over the forecast period spanning from 2022 to 2032. This growth can be attributed to several factors including the rapid expansion of the construction industry, supportive government policies, and the widespread availability of wood chippers at competitive prices.

China boasts the largest construction market in East Asia, encompassing a broad spectrum of projects ranging from infrastructure development to energy and utility construction, residential housing, commercial buildings, and industrial facilities.

Meanwhile, in the United States, the wood chipper market is poised for steady expansion throughout the assessment period. This growth is driven by the increasing utilization of wood chippers, particularly within the thriving paper and pulp industry, as well as the construction sector.

Recent Developments

In September 2022, Timberwolf launched the RW 280HB, a hybrid wood chipper, to meet the growing industry trend toward more sustainable solutions.
In 2020, Vermeer EMEA launched the BC200, a brush chipper, its first machine fully developed in the Netherlands.

Key Companies

Terex, Morbark
Bandit
Vermeer
Patriot Products Inc.
Avant Tecno Oy
Bruks
Siwertell Ab
Bugnot 52
Crary Industries, Inc.
Wajax Limited
Barreto Manufacturing Inc.
Salsco Inc.
Vecoplan, LLC
Bca Industries Inc.
Pequea Machine, Inc.

Key Segments

By Product Type:

Disc Type
Drum Type
Screw Type

By Fuel Type:

Diesel Engine
Petrol Engine
Electric Driven

By Capacity:

10-250 kg/hr
250-3000 kg/hr
3000-10000 kg/hr
Above 10000 kg/hr

By End Use:

Construction
Forestry & Biomass
Paper & Pulp
Timber Factories & Sawmills
Others

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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Medical Physics Market Poised for Significant Growth, Projected to Reach USD 10 Billion by 2034 at a 6.4% of CAGR

According to the latest report by Future Market Insights, the medical physics market is on a promising growth trajectory. The market is expected to reach a valuation of USD 5.3 billion in 2024. Driven by ongoing advancements and increasing applications, the market is projected to grow at a moderate compound annual growth rate (CAGR) of 6.4%, reaching an estimated USD 10 billion by 2034.

The growth of the medical physics market is driven by increasing demand for advanced imaging technologies, improvements in radiation therapy, and a rising focus on patient safety and precision medicine. These advancements underscore the critical role of medical physics in enhancing diagnostic accuracy and therapeutic efficacy.

However, the report also highlights that the insufficient availability of skilled workers and relatively poor healthcare infrastructure for medical physicist trainings in developing regional markets will continue to restrict penetration of medical physics in the long run.

The ‘Outsourcing’ Trend Is Creating Firm Base for Merger & Acquisition Strategies

With the consolidation of hospitals, there is an increasing need for larger firms in the medical physics market, with an intent to handle the outsourced services so as to contract with fewer services providers. The medical physics market is characterised by the presence of small independent companies, and there is a negligible number of large-scale operators. According to the report, this presents opportunities for private equity firms to enter the middle-market platform and scale-up their medium-scale operations to large-scale operations through the acquisition of smaller firms.

Other factors driving mergers and acquisitions in the medical physics market include increasing stringent regulations and an increasing number of owners looking to exit the medical physics business. Increasing stringent regulations have resulted in the inspection of a larger number of machines and associated elements. Several healthcare systems are incurring higher risks due to the increasingly stringent regulations. This opens opportunities for medical physics companies to ensure compliance and reduce operation cost by outsourcing. Furthermore, most of the medical physics firms are owned and operated by baby boomers who are about to retire from their medical physics business. For a majority of those medical physics service providers who are retiring, selling their business has been considered to be the most preferred option.

Some of the other trends in the medical physics market include increased outsourcing by healthcare providers, increasing number of independent diagnostic imaging centres, and advancements & adoption of technology across the world.

Segmental Insights: Medical Physics Market

Diagnostic modality, driven by increasing adoption of diagnostic procedures such as PET, SPECT, CT, and MRI, will continue to account for more than 65% share of the total medical physics market value.
Based on services, accreditation assistance is slated to remain dominant, followed by safety surveys. The report anticipates physics testing and regulatory and auditing services to emerge highly potential.
Following hospitals, diagnostic imaging centers are likely to register significant adoption rate in the medical physics market through 2027.

The North American and European medical physics market will reportedly account for a majority of market value, according to FMI’s analysis on medical physics market. The report has attributed this dominance to rapid consolidation of healthcare facilities in these regions.

Some of the key players in the medical physics market include Krueger-Gilbert Health Physics, Inc., LANDAUER, Medical Physics Services, Medical Physics Services Consultants, Inc., Alyzen Medical Physics Services, Radiation Safety & Control Services, Inc., Upstate Medical Physics Services, Dade Moeller & Associates, Versant Medical Physics Services & Radiation Safety, Alliance Medical Physics Services LLC, West Physics Consulting, LLC, Associates in Medical Physics Services, Radiation Services, Inc., Jaeger Corporation, and Petrone Associates, LLC.

Medical Physics Market Key Developments:

With a new edition of SmartSignals eConsent in April 2021, Signant Health increased electronic informed consent services and boosted capabilities. To fulfill the study needs of teams, SmartSignals eConsent solutions are available in three categories of functionality: silver, gold, and platinum. This method has improved the company’s existing product offering, resulting in revenue from its sale.

In January 2021, Parexel International Corporation teamed up with Signify Health to provide innovative technologies to improve clinical trial access and inclusion. This collaboration increased patient access to clinical trials by bringing studies to their homes and also identified key social determinants of health (SDoH) to help patients, caregivers, and resources connect.

Medical Physics Market Key Companies Profiled

Medical Physics Services LLC
LANDAEUR
Krueger-Gilbert Health Physics Inc.
Alyzen Medical Physics Services
Radiation Safety & Control Services Inc.
Upstate Medical Physics Services
Dade Moeller & Associates
Versant Medical Physics Services & Radiation Safety
Alliance Medical Physics Services LLC
West Physics Consulting LLC
Associates in Medical Physics Services
Radiation Services Inc.
Jaeger Corporation
Petrone Associates LLC

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Medical Physics Market Key Segments

By Modality:

Diagnostics
- Radiographic X-Ray Systems
- Fluoroscopic X-Ray Systems
- Dental X-Ray Systems
- Mammography Systems
- Computed Tomography
- Magnetic Resonance Imaging
- Ultrasound
- SPECT
- PET
- Others
Therapeutics
- LINAC
- Brachytherapy
- Others

By Service:

Accreditation Assistance
Performance Testing
Physics Testing
Radiation Dose Monitoring
Radiation Safety Training
Treatment Commissioning Services
Safety Surveys
Regulatory & Auditing Services
Others

By End User:

Hospitals
Ambulatory Surgical Centres
Diagnostic Imaging Centres
Academic & Research Institutes

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

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

Endoscopic Ultrasound Needles Market Set for Steady Growth, Projected to Reach USD 223.5 Million by 2027 at a 4.4% of CAGR

The global endoscopic ultrasound (EUS) needles market is on track for steady expansion, with a forecasted valuation of USD 180.2 million in 2022. According to recent market research, the industry is expected to grow at a compound annual growth rate (CAGR) of 4.4%, reaching an estimated USD 223.5 million by the end of 2027.

Endoscopic ultrasound needles are increasingly recognized for their critical role in diagnostic and therapeutic procedures, providing high-resolution imaging and precise tissue sampling. The market’s expansion is driven by advancements in medical technology, rising demand for minimally invasive procedures, and the growing prevalence of gastrointestinal and pancreatic disorders.

As healthcare providers continue to seek enhanced tools for accurate diagnosis and treatment, the demand for advanced endoscopic ultrasound needles is expected to rise. This market growth underscores the ongoing innovation and development within the field of endoscopic technologies.

Manufacturers in the Global Endoscopic Ultrasound Needles Industry are focusing on new product launches for more precise diagnosis of tissues collected using needles. Gaining a greater share in the endoscopic ultrasound needles market with diverse portfolio is one of the key strategies of leading players.

As per the report, companies in the Global Endoscopic Ultrasound Needles Industry are also focusing on collaborating for development and distribution of advanced endoscopic ultrasound needle products. Key players in endoscopic ultrasound needles market are focusing on new product development in emerging regions including Latin America and Asia Pacific owing to the increasing prevalence of cancer and other chronic diseases. Endoscopic Ultrasound-Guided Fine Needle Aspiration to Gain Popularity with Rise in Gastrointestinal Diseases

According to the FMI report, Endoscopic Ultrasound-Guided Fine Needle Aspiration (EUS-FNA) is likely to account for largest share in the endoscopic ultrasound needles market. EUS-FNA gaining popularity for the diagnosis of gastrointestinal diseases and peri-gastrointestinal lesions. The wide application of FNA has also accelerated the growth in the endoscopic ultrasound needles market.

With the growing demand for minimally invasive procedures, doctors and surgeons are using EUS combined with FNA to collect sample fluid and tissue from chest and abdomen for diagnosis. It has also emerged as an alternative to exploratory procedure.

Meanwhile, in recent years studies conducted on Endoscopic Ultrasound-Guided Fine Needle Biopsy (EUS-FNB) have shown some promising results. As per the FMI study on endoscopic ultrasound needles market, FNB is emerging as the novel tool in diagnosis by providing information on tissue architecture.

As per the study, ambulatory surgical centres will use endoscopic ultrasound needles on a large scale owing to the rise in number of these centres and increasing number of endoscopic ultrasound surgeries performed in ambulatory surgical centres. Being the minimally invasive and non-surgical procedure that can be performed through colon or upper GI tract, ambulatory surgical centers are gaining traction in the Global Endoscopic Ultrasound Needles Industry.

Moreover, endoscopic ultrasound is generally considered safe when performed at ambulatory surgical centres with expert healthcare team. Various healthcare organisations are building ambulatory surgical centres within the premises in the healthcare facility offering wide range of services with technological advancements to achieve economies of scale.

An increasing number of ambulatory surgical centers are offering safe, cost-effective services, especially for gastroenterology, thereby, driving the demand in the Global Endoscopic Ultrasound Needles Industry.

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Endoscopic Ultrasound Needles Market Survey

by Product:

Aspiration Needles (EUS-FNA)
Biopsy Needles (EUS-FNB)

by Application:

Bronchial EUS Needles
Enteral EUS Needles

by End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

by Region:

North America Endoscopic Ultrasound Needles Market
Latin America Endoscopic Ultrasound Needles Market
Europe Endoscopic Ultrasound Needles Market
East Asia Endoscopic Ultrasound Needles Market
South Asia & Pacific Endoscopic Ultrasound Needles Market
Middle East & Africa (MEA) Endoscopic Ultrasound Needles Market

Author

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

About Future Market Insights (FMI)

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

Contact Us:

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

Loop-Mediated Isothermal Amplification Market Set to Reach USD 178.4 Million by 2034 at a 4.9% of CAGR

The loop-mediated isothermal amplification (LAMP) market is poised for steady growth, with an estimated valuation of USD 110.6 million in 2024. According to recent market analysis, the industry is projected to expand at a compound annual growth rate (CAGR) of 4.9% over the next decade, reaching an estimated USD 178.4 million by the end of 2034.

LAMP technology, known for its efficiency and accuracy in nucleic acid amplification, continues to gain traction across various applications, including diagnostics and research. The market’s steady growth reflects the increasing adoption of this innovative technology in healthcare and biotechnology sectors, driven by its advantages over traditional methods in terms of speed, simplicity, and cost-effectiveness.

With rising number of research publications using loop-mediated isothermal amplification, application of the same in various fields has also increased. Significant improvements in Amplicon detection also contributes to the market growth. Real-time monitoring of loop-mediated isothermal amplification Amplicon now utilizes optical, electrical, electrochemical, and pH-sensing mechanisms. With these advancements in amplification technology, loop-mediated isothermal amplification market has been witnessing constant growth.

“Growing application of loop-mediated isothermal amplification in multiple fields like food and beverage, bio-medicine, environmental science, and others will stimulate the global sales of loop-mediated isothermal amplification for the forecast period,” says an FMI analyst.

Key Takeaways:

Rapid diagnosis of chronic diseases and improvements in Amplicon detection is expected to drive the market.
Demand of loop-mediated isothermal amplification in China to witness a surge over the forecast period.
The U.S. loop-mediated isothermal amplification market will experience significant growth propelled by adoption of microfluidic technology.
By product, kits and reagents segment to account for 83.2% of market share during 2022.
Based on technology, microfluidic segment will be popular for the forecast period.
Lack of versatility and absence of an internal PCR inhibition control limits market growth.

Competitive Landscape

Jena Bioscience GmbH, HiberGene Diagnostics, Meridian Bioscience, Inc., Mast Group Ltd., Excellgen, Inc., Merck KGaA, QIAGEN N.V, NIPPON GENE CO., LTD, New England Biolabs, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, and others are some of the major players in the loop-mediated isothermal amplification market that are profiled in the full version of the report.

Major organizations in the market are employing various tactics to expand their product portfolio as well as to increase their regional dominance. These businesses are focused on using aggressive pricing strategies to gain a competitive advantage in the market. Some global market players are investing in research and development agreements to increase product development, adopting distribution & licensing agreements with regional players, and establishment of network of distribution and marketing agreements to ensure availability of products to different end-users globally.

Key Segments:

Loop-mediated Isothermal Amplification Market by Product:

Instruments
Incubation Systems
Turbidimeters
Agarose Gel Electrophoresis
Fluorescence Measuring Systems
Kits & Reagents
DNA Polymerase
Primer Mix
DNA Polymerase & Primer Mix
Dyes
Other Reagents

Loop-mediated Isothermal Amplification Market by Technology:

Microfluidic Technology
Advanced Infrared Optical Technology
Modern Microsystem Technology

Loop-mediated Isothermal Amplification Market by Application:

Diagnostic Purposes
Research Purposes

Loop-mediated Isothermal Amplification Market by End User:

Hospital Laboratories
Research and Academic Institutes
Diagnostic Centers

Loop-mediated Isothermal Amplification Market by Region:

North America Loop-mediated Isothermal Amplification Market
Latin America Loop-mediated Isothermal Amplification Market
Europe Loop-mediated Isothermal Amplification Market
East Asia Loop-mediated Isothermal Amplification Market
South Asia & Pacific Loop-mediated Isothermal Amplification Market
Middle East & Africa (MEA) Loop-mediated Isothermal Amplification Market

Regional Analysis

According to the latest FMI reports, North America and the U.S. loop-mediated isothermal amplification market will witness significant growth in the market for the assessment period. Investments in the healthcare sector, constantly improving healthcare infrastructure as well as rising healthcare expenditure coupled with technological advancements in LAMP instruments are expected to fuel the market growth in North America.

Moreover, high incidences of chronic diseases along with the presence of key players in the U.S. also contribute to the market growth in this region. The growing awareness of chronic diseases, high prevalence of malaria and other pandemic diseases drives the demand for prompt diagnosis in the country. Added to this, the rising adoption of microfluidic technology over conventional techniques are driving the market expansion in the U.S

The LAMP market in China is expected to record impressive development during the forecast period, owing to the strong demand for cost-effective diagnostics, a less rigid regulatory environment, and the presence of a massive population base. Additionally, increasing government initiatives for research purposes and the development of LAMP techniques are propelling the market growth in China.

Category Analysis

According to the latest report by FMI, based on product, kits & reagents are predicted to account for 83.2% share of the loop-mediated isothermal amplification market in 2022. Owing to the overall use of loop-mediated isothermal amplification in testing, loop-mediated isothermal amplification-based kits and reagents have witnessed a rapid growth in popularity in recent years.
Several loop-mediated isothermal amplification-based kits & reagents have been developed over the years for simultaneous detection of pathogens in biological samples and food products.
Moreover, market players are collaborating to improve the sale of DNA polymerase and other loop-mediated isothermal amplification-based kits & reagents in all regions with the expectation of gaining maximum revenue share in the market. All these factors promote the growth of this particular loop-mediated isothermal amplification market segment.

Based on technology, microfluidic technology segment has gained traction over the years. The technology has been used to diagnose a variety of diseases, including malaria and tuberculosis. Advance fluidic components such as reaction chambers, micro-valves, micro-pumps, and micro-dispensers can be integrated with Lab-on-chip-based loop-mediated isothermal amplification assays to provide both micros as well as Nano droplet-size samples for multiplexing and high-throughput analysis. These properties along with others drive market growth of this segment.

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

Upper Limb Prosthetics Market Poised for Growth, Projected to Reach USD 624.9 Million by 2033 at a 4.1% of CAGR

The global upper limb prosthetics market is set for significant growth, with sales estimated to reach approximately USD 398 million in 2023. According to a detailed industry analysis, the market is expected to expand at a compound annual growth rate (CAGR) of 4.1% over the next decade, culminating in a valuation of USD 624.9 million by 2033.

Upper limb prosthetics currently hold a 3.8% share of the global prosthetics market. The anticipated growth is driven by several factors, including the rising incidence of road accidents, which are a leading cause of bone fractures and subsequently contribute to the increasing demand for upper limb prosthetics.

The global upper limb prosthetics market is experiencing strong growth due to increased amputation procedures and increased research and development. The market is also expected to grow due to a rising geriatric population and increased road accidents and amputations.

According to the American Cancer Society, approximately 1,000 new cases of osteosarcoma are diagnosed in the United States every year, mainly among teens and adults. A biopsy is used to diagnose osteosarcoma, and the tumor is usually removed during surgery.

As a result of the high number of bone cancers in the United States and worldwide, there is a high demand for advanced prosthetics. These devices require a lot of maintenance and are expensive, and reimbursement policies inhibit their growth. As the government increases its support for amputee initiatives, the market will be able to grow at a rapid rate.

Key Takeaways from the Upper Limb Prosthetics Market Study

Global upper limb prosthetics to surpass US$ 398 million by 2023.
North America is set to capture the maximum revenue share until 2023, while Asia Pacific is set to be the fastest-growing market.
Over the course of the product type, myoelectric prosthetic devices remained the most popular with a CAGR of 4.2%.
Hospitals remains lucrative end user with a CAGR of 3.6%.

Competitive Landscape for the Upper Limb Prosthetics Market

As the geriatric population increases, research and development efforts increase, and technological advancements in upper limb prosthetics increase, the upper limb prosthetics market is expected to grow. As the population ages, more limb amputations are performed, accident injuries and trauma cases increase, and geriatrics increase in number.

There are a number of prominent players in the global plant-based hot dog market, including Touch Bionics Inc., Fillauer LLC, Endolite India Ltd., Ottobock SE & Co. KGaA, College Park Industries, Steeper Inc., TRS Inc., and others.

Recent Developments in the Upper Limb Prosthetics Market

Össur launched the Rebound Post-Op Elbow Brace in July 2021. The brace is an invasive, lightweight, adjustable brace with intuitive design features. This makes fitting easy for clinicians and patients recovering from severe elbow injuries.
PROLIMB plans to introduce a game-changing upper limb prosthesis by December 2020. The new project may integrate mechanical haptic feedback to make the prosthesis affordable.
People with upper limb amputations can now function and think like normal people with a bionic arm created by the Cleveland Clinic in September 2021.
In July 2021, Stryker launched its Tornier shoulder arthroplasty portfolio, which includes the Perform Humeral Stem, a Tornier product designed with four collar diameters and available in several lengths to optimize humeral fit and offer surgeons more options.

A Old Full Report Analysis Click Here

Upper Limb Prosthetics Market Segmentation by Category

Upper Limb Prosthetics Market by Product:

Passive Prosthetic Devices
Body-powered Prosthetic Devices
Myoelectric Prosthetic Devices
Hybrid Prosthetic Devices

Upper Limb Prosthetics Market by Component:

Prosthetic Wrists
Prosthetic Elbows
Prosthetic Shoulders
Prosthetic Arms
Terminal Devices

Upper Limb Prosthetics Market by Indication:

Forequarter Amputations
Shoulder Disarticulations
Transhumeral Disarticulations
Elbow Disarticulations
Transradial Disarticulations
Wrist Disarticulations
Partial Hand Amputations
Fingers Amputations

Upper Limb Prosthetics Market by End User:

Hospitals
Prosthetic Clinics
Rehabilitation Centers

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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Smart Pill Boxes and Bottles Market to Grow Substantially, Projected to Reach USD 388.2 Million by 2033 at a 9.3% of CAGR

The global smart pill boxes and bottles market is experiencing significant growth, with a valuation of approximately USD 144.2 million in 2022. The market is anticipated to reach USD 160.2 million in 2023 and is expected to expand further at a robust compound annual growth rate (CAGR) of 9.3% through the forecast period. By the end of 2033, the market is projected to achieve a valuation of USD 388.2 million.

This growth reflects a growing recognition of the role smart pill boxes and bottles play in enhancing patient compliance, reducing medication errors, and improving overall health outcomes. As technology continues to evolve, these smart devices offer advanced features such as real-time reminders, dosage tracking, and integration with mobile health apps, further driving market demand.

Smart pill boxes and bottles are increasingly being perceived as a potential solution to such challenges posed by increased healthcare delivery costs. The significance of medication adherence continues to rise with an increasing prevalence of chronic conditions, propelling demand for the Global Smart Pill Boxes And Bottles Industry.

Dementia and geriatric care remain the key application areas of smart pill boxes and bottles, according to the report. More than 80% of sales are accounted for by aging patients and dementia-afflicted populations. Cancer management is likely to emerge lucrative in terms of applicability in the coming years.

With surging demand for high-quality healthcare delivery, senior care centers, hospitals, long-term care centers, and home care settings are accelerating the adoption of medication dispensers, thereby elevating the revenue growth of the smart pill boxes and bottle market. Some of the leading companies are actively involved in the development of advanced technology medication dispensing devices with zero error risks during medication.

Home care settings maintain the highest consumption share in the smart pill boxes and bottles market which roughly equates to 65% of total sales. Almost a fifth of smart pill boxes and bottles sold are installed at senior care and assisted living centers. FMI’s analysis indicates that long-term care centers are also creating promising

market opportunities for Smart Pill Boxes & Bottles Market manufacturers and distributors.

North America continues to reign supreme owing to early adoption of advanced technology-enabled Global Smart Pill Boxes And Bottles Industry, accounting for more than a third of the global market revenue. The European market for smart pill boxes and bottles also represents a substantial volume share, majorly driven by German patients. South and East Asian regions are briskly developing high-potential markets for manufacturers and distributors of smart pill boxes and bottles, says the report.

The vendor landscape of the smart pill boxes and bottles market remains fairly consolidated and competitive, as Tier 1 manufacturers continue to account for a majority of the share in the market in terms of volume. While the dominance of Koninklijke Philips N.V., PharmRight Corporation & Livi, and AdhereTech prevails in the Global Smart Pill Boxes And Bottles Industry, the report finds that the competition among these players is characterized by product innovation, new launches, and technological advancements.

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Smart Pill Boxes & Bottles Market Key Segment

By product type

Smart Pill Box
Smart Pill Bottles

By indication

dementia
Parkinson’s disease
cancer management
diabetes care
geriatric care
disability
others

By end user

Seniors Care & Assisted Living
Long-Term Care Centers
Home Care Settings

By regions

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

Author

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study States Global Electric Fireplace Market Size to Cross USD 3.2 Billion Milestone by 2032, Driven by 3.7% CAGR Growth

The global electric fireplace market has witnessed significant growth, reaching a valuation of USD 2.18 billion in 2021 and projecting a noteworthy year-on-year growth rate of 1.4%. This upward trajectory is set to continue as the market steadily ascends, with a projected Compound Annual Growth Rate (CAGR) of 3.7% from 2022 to 2032. Expected to reach USD 2.21 billion by 2022, the market is anticipated to illuminate to a value of USD 3.2 billion by the conclusion of 2032.

Electric fireplace devices offer a cozy and convenient solution to combat the winter chill, gaining popularity for various reasons. Praised for their energy efficiency and reduced consumption, electric fireplaces appeal to environmentally-conscious consumers. Their user-friendly operation and safety features further distinguish them in the market. Powered by a simple electrical switch, these fireplaces generate heat and flames directly through electricity, eliminating the need for a chimney and the production of smoke. The elimination of the chimney requirement stands as a pivotal factor driving the heightened global demand for electric fireplaces.

An electric fireplace, a heating appliance utilized in homes and businesses to provide warmth during colder periods, is gaining popularity owing to its energy efficiency and enhanced performance. Moreover, the Asia Pacific market is predicted to experience gradual expansion in the forthcoming years.

This trend can be linked to limited awareness regarding the product among the region’s inhabitants, along with concerns about pollution stemming from conventional fireplace usage. Furthermore, the Middle East & Africa nations are projected to exhibit modest growth potential, with expectations of mild to moderate market expansion in the years ahead.

Factors Responsible for the Growth of Electric Fireplace Market:

Increasing Adoption of Electric Fireplaces: The shift from traditional fireplaces to electric ones is driving market growth. Customers are recognizing the advantages of electric fireplaces, leading to a rising demand for these modern heating solutions.
Benefits Over Traditional Fireplaces: Electric fireplaces offer several benefits, including being pollution-free, portable, cost-effective, and safer to operate. Their lower maintenance costs compared to wood and gas fireplaces contribute to their attractiveness in the market.
Variety of Innovative Products: Electric fireplace manufacturers are introducing a diverse range of innovative products such as freestanding, wall-mounted, table-top, inserts for walls or tables, and stove-style fireplaces. This variety appeals to a wider customer base and is a significant driver of market growth.
Changing Customer Preferences: Customers’ preferences are shifting towards electric fireplaces due to their inherent advantages. This change in consumer sentiment is boosting demand for electric fireplaces and fueling market expansion.
Economic and Environmental Factors: The economic benefits of using electric fireplaces, such as reduced maintenance costs and lower energy consumption, coupled with their environmentally friendly nature, contribute to the overall growth of the market.
Safety Considerations: The safety aspects of electric fireplaces, which eliminate the risks associated with traditional open flames and gas emissions, are influencing consumers to opt for these safer alternatives.
Innovation and Product Diversity: The introduction of various styles and types of electric fireplaces provides consumers with multiple options that suit their preferences and spaces, thus promoting market growth.

Key Players:

Twin-Star Home (ClassicFlame®)
Real Flame
Dimplex North America
Amantii Electric Fireplaces
Napoleon Fireplaces
Duraflame, Inc.
GHP Group Inc.
Modern Flames
Sierra Flames
Woodbridge Fireplace Inc.
Montigo
Heatilator
Alaskan Fireplace Company
OER Fireplaces

Key Segments:

By Type:

Electric Stove
Insert Electric Fireplace
Table-Top Electric Fireplace
Wall-Mounted Electric Fireplace
Freestanding Electric Fireplace

By Size:

Small (Up to 35″) Sized Electric Fireplace
Medium (36″ – 42″) Sized Electric Fireplace
Large (43″ – 48″) Sized Electric Fireplace
Extra Large (49″ & Above) Sized Electric Fireplace

By Application:

Electric Fireplace for Residential Applications
Electric Fireplace for Commercial Applications

By Region:

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

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Dental X-Ray Systems Market Set to Surge, Projected to Reach USD 2.73 Billion by 2030 at a 6.4% of CAGR

The global dental X-ray systems market is on a trajectory of substantial growth, with current demand valued at approximately USD 1.66 billion. According to a comprehensive analysis, the market is anticipated to advance at a robust compound annual growth rate (CAGR) of 6.4%, reaching a valuation of USD 2.73 billion by the end of 2030.

This anticipated growth highlights the increasing adoption of advanced dental imaging technologies, driven by the need for accurate diagnostics and enhanced patient care in the dental industry. Factors contributing to this upward trend include the growing prevalence of dental disorders, advancements in X-ray technology, and rising awareness about the benefits of early detection and prevention.

The escalating demand for advanced diagnostic tools is a driving force behind this remarkable growth. The surge in demand is primarily fueled by an increasing incidence of acute diseases, such as cancer, emphasizing the need for effective diagnostics and treatment options. Early detection of diseases is crucial for improving the probability of survival, and dental X-ray systems are emerging as promising diagnostic and treatment tools to meet this pressing need.

The rising geriatric population and their edentulous issues directly open lucrative opportunities for the dental X-ray systems market. Moreover, healthcare facilities utilized by the elderly population are subsidized by the government, which in turn, has boosted the usage of dental X-ray systems. A report published by Future Market Insights (FMI) opines that the global dental X-ray systems market will grow at a striking CAGR of over 6% by the end of 2026.

With the increasing comfort provided by portable intraoral X-ray systems, the traditionally used floor-mounted dental X-ray systems are gradually becoming obsolete. When weighted based on cost, dental X-ray systems provide far better affordability to dental clinics and hospitals as compared to cone-beam computed tomography (CBCT) systems, which is why the sales prospects of the former are better.

Challenges To The Dental X-Ray Systems Market: Reduction in Reimbursement

A notable reduction in the primary healthcare facilities for many diseases including oral health will affect the capacity and the resources adversely. Newly formed legislation will enforce reduced reimbursement regulations on the MPFS (Medicare Physician FEE Schedule) and HOPPS (Hospital Outpatient Prospective Payment System), which is expected to cause a drop in the growth of the dental X-ray systems market.

Technological Advancements to Lend Ample Growth Opportunities to the Dental X-Ray Systems Market

Innovations and advancements brought about in the medical imaging vicinity especially, dental X-ray systems have intensified the growth prospects of the dental X-ray systems market. Owing to the progress made by the healthcare industry, there has been a consistent need for the precise diagnosis of diseases, which has been fulfilled by dental X-ray systems. Given the multifold applications of these systems, the Global Dental X-Ray Systems Industry is projected to grow exponentially.

North America to Maintain a Strong Hold on the Dental X-Ray Systems Market

The study on the dental X-ray systems market provides a detailed analysis based on several factors affecting the market growth. The key geographies assessed in this study include China, APEC, Europe, Latin America, North America, and the Middle East and Africa (MEA). Depending on the market size, North America leads the dental X-ray systems market, attributed to its advanced healthcare facilities and excellent spending capacity. As a subsequence, the regional dental X-ray systems market is expected to bear positive results for the global dental X-ray systems market.

Following the footsteps of North America, Europe is the second most dominating region influencing the growth of the dental X-ray systems market. In addition to this, Asia Pacific is equally estimated to contribute to the growing market size during 2018 – 2026.

Collaboration and Mergers to Trigger the Growth of the Dental X-Ray Systems Market

The report on the dental X-ray systems market includes a comprehensive analysis of the companies devising innovative solutions in the market. The leading players incorporated in the report are FONA, J. MORITA CORP., Danaher Corporation, PLANMECA OY, Prexion Corporation, Carestream Dental, LLC, Owandy Radiology, Vatech Co. Ltd., The Yoshida Dental Mfg. Co. Ltd., Dentsply Sirona, LED Medical Diagnostics Inc., Cefla S.C., and Air Techniques, Inc., among others.

Key Segments Of Dental X-Ray Systems Industry Survey

Dental X-Ray Systems Market by Product:

Cephalometric Projections Systems
Portable Intraoral X-ray Systems
Panoramic X-ray Systems
Intraoral X-ray Systems Mounted on the Floor

Dental X-Ray Systems Market by End User:

Hospitals
Ambulatory Surgical Centers
Independent Dental Clinics
Forensic Laboratories

Dental X-Ray Systems Market by Region:

North America Dental X-ray Systems Market
Latin America Dental X-ray Systems Market
Europe Dental X-ray Systems Market
East Asia Dental X-ray Systems Market
South Asia & Pacific Dental X-ray Systems Market
Middle East & Africa (MEA) Dental X-ray Systems Market

Author

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

About Future Market Insights (FMI)

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

Contact Us:

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