Market Research Blog – Page 1573 – New Product Development

Market Trends: Non-Fusion Spinal Devices Set for a Rapid Growth Phase by 2033 | Reveals by FMI Report

The landscape of spinal surgery is undergoing a revolution with the emergence of Non Fusion Spinal Devices Market. These innovative solutions are transforming patient care and driving significant growth in the market. According to a recent analysis by Future Market Insights (FMI), the market is poised for expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. This translates to a market value of USD 6.99 billion by 2033, from a current valuation of USD 4.37 billion in 2023.

This significant growth trajectory is underpinned by the burgeoning demand for non-fusion spinal procedures, particularly among the elderly population. The expanding patient pool is a key driver propelling the industry toward substantial market gains. The market’s focus on addressing conditions such as spondylolisthesis, scoliosis, and stenosis through innovative non-fusion spinal devices is expected to further amplify its success.

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The movement and stability of the patient post-spinal surgery afforded by non-fusion spinal devices is resulting in its surging adoption. Some key non-fusion spinal devices include artificial discs and growth-sparing devices. Many benefits of spinal non-fusion devices include extended healing time, adjacent segment degeneration, and bone graft donor site morbidity, which makes them a better alternative for patients in comparison to fusion devices.

Spinal issues induced by a sedentary lifestyle, obesity, and sports-associated accidents have played a significant role in the demand for non-fusion spinal devices. These surgeries improve mobility and quality of life, and are cost-effective, which is leading to their heightened adoption. The market is anticipated to flourish on account of rising incidences of spinal injuries, growing awareness, and a surging preference for minimally invasive procedures.

Non Fusion Spinal Devices Market Key Highlights:

The United States is projected to head the overall market growth, contributing significantly to the global non-fusion spinal devices market. The market growth is underpinned by favorable government initiatives in support of healthcare policies and surging health consciousness among people in America.
China non fusion spinal devices market is thriving in the Asia Pacific region. Growing at a significant pace, the market is driven by enhancing healthcare infrastructure and advancements in technology.
The market in Germany is being fueled by an upsurge in the geriatric population and the rising per capita income of the people in Germany. The geriatric population is prone to spinal dysfunction/disorders, thus expanding the elderly population is anticipated to boost the uptake of non-fusion spinal devices.

Latest Market Developments in the Non Fusion Spinal Devices Market:

In May 2021, Spinal Stabilization Technologies Ltd., which offers PerQ disc Nucleus Replacement System to treat degenerative disc disease, received Breakthrough Designation. Additionally, the device has obtained CE approval. The system is the only commercially available system for lumbar nucleus replacement across the globe.
In February 2021, NuVasive, Inc. procured Simplify Medical, which is a privately held company that develops Simplify Cervical Artificial Disc for the procedure of cervical total disc replacement (cTDR).
In March 2021, Implanet, a company that specializes in knee and spine products, proposed to acquire a significant stake in Orthopedic & Spine Development (OSD), a French firm that specializes in the creation of implants for spine surgery.

Key Segmentation for Non Fusion Spinal Devices Market

By Product:

Artificial Disc Replacement Device
Partial Disc (Nucleus) Replacement Device
Dynamic Stabilization Devices
Total Facet Replacement Devices
Annulus Repair Device
Others

By End User:

Hospitals
Orthopedic Centers
Others

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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.

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Global Animal Model Market Expected to Reach USD 3,476.8 Million by 2034 at a 6% of CAGR

The global animal model market is poised for steady growth, with an estimated revenue of approximately USD 1,943.3 million in 2024. According to a recent demand analysis report, the market is expected to expand at a moderate Compound Annual Growth Rate (CAGR) of 6% over the next decade. By the end of this forecast period, the market is projected to reach a value of nearly USD 3,476.8 million.

Animal models are vital in scientific research due to their shorter life cycles, high genetic similarity to humans, and ease of use in laboratory settings. These factors contribute to the continued demand and growth of the animal model market, which supports advancements in drug development, disease research, and therapeutic testing.

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Animal models play a crucial role in various stages of drug development, from initial discovery to preclinical and clinical trials. Their use enables researchers to understand biological mechanisms, test the efficacy and safety of potential treatments, and evaluate disease progression and therapeutic interventions.

Key Takeaways from the Animal Model Market Study Report:

The market in North America is expected to account for over 40% of the global market share in 2024, followed by Europe.
The United States creates the most demand for preclinical animal models in North America and is poised to advance further with a 6.7% CAGR through 2034.
Germany is expected to continue to be the most lucrative market for animal models in Europe, exhibiting a growth rate of 8.2% through 2034.
The United Kingdom is another notable market for the use of laboratory animals, which is likely to exhibit a 6.6% CAGR till 2034.
China is the leading supplier of animal models for preclinical research in Asia and is expected to witness a 6.1% CAGR through 2034.

Competitive Landscape for the Animal Model Market Participants:

The competition in the animal model industry is highly concentrated, and many contemporary participants are focused on the rat and mouse model segment. However, the approval and adoption of many other animal species, like pigs or non-human primates, is expected to diversify the market by increasing animal model suppliers.

“Rising demand for biomedical research animals and their increased use in the development of personalized medicine has created new opportunities for existing animal model suppliers. Further, more government support in the form of funding and subsidies for supplying laboratory animals in pharmacological studies has encouraged many start-ups in recent years,” – says a lead analyst at FMI.

Key Players Profiled in the Animal Model Market Report:

Charles River Laboratories International, Inc.
Horizon Discovery Group plc.
The Jackson Laboratory
Taconic Biosciences, Inc.
Genoway SA
Eurofins Scientific SE
Crown Bioscience, Inc.
Envigo CRS SA
Transposagen Biopharmaceuticals, Inc.

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Key Segments Covered by Animal Model Industry Survey Report:

By Species Type:

Rats
Mice
Guinea Pigs
Rabbits
Monkeys
Dogs
Pigs
Cats
Other Species

By Application:

Basic and Applied Research
Drug Discovery and Development
Other Applications

By End User:

Academic & Research Institutions
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

By Region:

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

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Understanding the Growth Dynamics of the Breath Analyzers Market Through 2034 | FMI Research Report

The need for accurate and reliable breath analysis is driving rapid growth in the global Breath Analyzers Market. This market is poised to reach a substantial USD 1.15 billion by 2034, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.9% starting from 2024.

This upward trend marks a substantial leap from the current market value of USD 715.5 million in 2024. It underscores the growing importance of breath analyzer technology in ensuring safety on our roads and in various workplaces.

The unveiling of an extensive study on the Global Breath Analyzers Industry offers a panoramic perspective, encompassing global, regional, and top player viewpoints. This comprehensive analysis unfolds a tapestry of vital information, including meticulous breath analyzer market share analysis, winning strategies, recent developments, and insightful financial planning.

Amid a dynamic healthcare landscape, the past decade has witnessed a remarkable expansion, driven by the integration of Artificial Intelligence and the Internet of Things into medical devices. Technological advancements have opened unprecedented opportunities within the medical sector, particularly in the realms of diagnostics and therapeutics.

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing most countries across the globe, the healthcare industry is witnessing its fair share of ‘ups and downs’. COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities, and infrastructure. Despite the endless pressure, the healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, the healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Breath Analyzers market gives a detailed analysis of the impact of COVID-19 with an incisive coverage of the innovative strategies adopted by the market players to survive the challenges due to the pandemic.

Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

Breath Analyzers Market: Segmentation

Based on technology

Semiconductor Oxide technology
Fuel cell technology
Infrared absorption technology

Based on application

Alcohol detection
Drug abuse detection
Asthma detection
pylori infection detection
Tuberculosis detection
Others

Based on end users

Law Enforcement Agencies
Enterprises
Individuals

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, UK, Spain, France, Rest of Western Europe)
Eastern Europe (Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa)

Comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

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Breath Analyzers Market Competitive Analysis

By Prominent Market Players

Drägerwerk AG & Co. KGaA, EnviteC-Wismar GmbH, Lifeloc Technologies, BACtrack, Inc., Quest Products, Inc., Akers Biosciences, Inc., Intoximeter, Inc., AK GlobalTech Corporation, etc.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Breath Analyzers market

Reasons to Buy the Report

We provide authentic and detailed analysis of various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

Author

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 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.

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Global Handheld Ultrasound Scanner Market Expected to Reach USD 750.3 Million by 2034 at a 3.90% of CAGR

The global handheld ultrasound scanner market is on a promising growth path, with an estimated value of USD 511.8 million in 2024. According to recent forecasts, the market is anticipated to reach USD 750.3 million by 2034, recording a Compound Annual Growth Rate (CAGR) of 3.90% over the forecast period.

The growth of the handheld ultrasound scanner market is driven by the increasing demand for portable and cost-effective diagnostic imaging solutions. Handheld ultrasound scanners are gaining popularity due to their convenience, ease of use, and ability to provide real-time imaging at the point of care.

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Technological developments have resulted in the development of portable ultrasound scanners that are easy to use and can be coupled via Bluetooth or Wi-Fi with smartphones or tablets. Smooth photo transmission to medical institutions is made possible by these features, which also improve user-friendliness and expedite treatment planning and diagnostics.

Global Handheld Ultrasound Scanners Market: Dynamics

The global market for handheld ultrasound scanners is growing due to a number of factors, including technological advancements in medical imaging devices, an increase in non-radiologist use of these devices, the benefits of international trade agreements, an increase in the import of imaging diagnostics systems, an increase in healthcare expenditures, a rise in the number of medical device manufacturers, an increased focus on inorganic growth by healthcare companies, innovations and developments in ultrasound scanning technology, modernization of healthcare investment, changing healthcare patterns, an increase in the prevalence of chronic disorders, and the adoption of distribution and licensing agreements by various players to increase product penetration. However, there are limitations due to things like non-standardized product pricing, growing consumption taxes, a shortage of qualified specialists, a lack of research and development in some fields, and medical device counterfeiting to the growth of the global handheld ultrasound scanners market.

Global Handheld Ultrasound Scanners Market: Segmental Highlights

The global handheld ultrasound scanners market is segmented by end user (hospitals, diagnostic centres, ASCs and others), modality type (wired scanners and wireless scanners), display type (black and white display and colour display) and region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa).

In 2021, the North America handheld ultrasound scanners market was dominated by the US, which held a share of approximately 86.6%. Over the forecast period, the U.S. market is expected to experience a stable growth rate of 10.2%, which is considered lucrative. Despite the fact that the majority of maternal deaths in the U.S. could be prevented, they have been increasing since 2000.
The global handheld ultrasound scanners market was predominantly led by wired modalities in 2021, accounting for a share of approximately 83.6%. According to FMI’s projections, this segment is expected to continue its growth trajectory with a steady CAGR of about 8.6% throughout the forecast period.
In 2021, colored display held the majority of revenue share in the global handheld ultrasound scanners market at 60.4%. The segment is expected to experience gradual growth with a CAGR of 10.0% throughout the evaluation period. Colored display ultrasound scanners are known for their ability to capture images with accuracy and precision, which may contribute to their popularity and continued growth in the market.
The hospital segment accounted for a significant revenue share of 37.2% in the handheld ultrasound scanners market in 2021. Going forward, the segment is expected to continue its growth trajectory with a gradual CAGR of 9.9% during the forecast period. This can be attributed to the increasing demand for handheld ultrasound scanners in hospitals, which can provide healthcare professionals with real-time images for diagnosis and monitoring purposes.

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Global Handheld Ultrasound Scanners Market: Competition Analysis

The global handheld ultrasound scanners market research report includes company profiles of key players involved in the daily operations of handheld ultrasound scanners. Koninklijke Philips N.V., GE Healthcare, Fujifilm SonoSite, Inc., Clarius Mobile Health, Signostics Limited, Sonoscanner SARL, Mobisante, Inc., Terason (Teratech corp.), Shenzhen Sunway Medical Device Co., Ltd., Shenzhen WELLD Medical Electronics Co., Ltd., Shenzhen Landwind Industry Co., Ltd., Healcerion, Co., Ltd., Meditech Equipment Co.,Ltd (Meditech Group), Sino-Hero(Shenzhen) Bio-Medical Electronics Co., Ltd., Caresono Technology CO., Ltd., Sonostar Technologies Co., Ltd., DGH Technology, Inc., and Xuzhou Palmary Electronics Co., Ltd., are the key players analysed in the global handheld ultrasound scanners market research study.

Key Segments Covered in Handheld Ultrasound Scanners Market Report

By Modality:

Wired
Wireless

By Display:

Black & White Display
Color Display

By End User:

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

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Knee Replacement Market Growth: Projected CAGR of 2.7 % to Reach USD 13.1 Billion by 2034 | FMI Report

The Knee Replacement Market is experiencing steady growth as more people seek relief from debilitating knee pain. According to a recent analysis by Future Market Insights (FMI), the market is projected to reach a substantial USD 13.1 billion by 2034. This represents a significant increase from the current market valuation of USD 10.1 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 2.70% over the next decade.

The robust expansion of the knee replacement market is fueled by a convergence of pivotal factors, laying the foundation for a promising growth trajectory. Increased demand for advanced knee implants, substantial government investments in healthcare and medical devices, along the presence of well-established manufacturers, collectively contribute to the industry’s upward trend.

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Ambulatory surgical centers are anticipated to contribute significantly towards the growth of Global Knee Replacement Industry in the forthcoming years owing on account of low costs associated with the surgery as well as rapidly increasing immediate need in the facility for timely processes without long delays, thereby benefitting in expansion of customer base. In addition, personalized care offerings by ambulatory healthcare facilities further drive the demand for ambulatory surgical center

Knee Replacement is the common joint replacement surgery that is undertaken for patients with knee-damaging diseases such as osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis. The rising number of elderly patients followed by the increasing number of surgeries undertaken is anticipated to grow the global knee replacement industry. The surgical procedure of knee replacement is inclusive of various steps taken to implant the artificial device and replacement of the damaged knee. There are many different types of implants – which are made of metal alloys, ceramic material, or strong plastic parts.

Knee replacement is one of the most effective and widely used ways to relieve knee arthritis pain. Technological advancements in the knee replacement market such as minimally invasive surgery, improved implant materials, and their success rates are allowing even the younger population to undergo knee replacement surgery ultimately driving the global knee replacement industry significantly. The Global Knee Replacement Industry is also promoted by the technologies such as 3D-printed knee implants which are being manufactured by the U.S.-based medical company ConforMIS.

The emerging knee replacement market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with aggressive marketing activities and growing awareness among people.

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Knee Replacement Market: Drivers & Restraints

The knee implant market is expected to grow due to several factors such as the increasing rate of old-age diseases like osteoporosis, diabetes, obesity, and arthritis; the aging population, and sports-related injuries. Conversely, existing and upcoming advanced technologies such as minimally invasive surgery and better implant materials are making it more widely accepted even by the younger populace.

Despite being a widely used procedure for curing extremely debilitating diseases, such as osteoarthritis, the global knee replacement industry is facing some challenges such as an economic slowdown that is preventing the market from growing. Some of the other growth restraining factors of the global knee replacement market can be high surgery cost, increasing competition, increasing number of OEMs in the market, and growing awareness for some non-surgical treatment methods such as exercises, weight loss, walking aids, shoe inserts, and pain killer medicines.

Knee Replacement Industry: Region-wise Outlook

The knee replacement industry is expected to register favorable growth for the forecast period, 2015? 2025. North America and Europe are projected to endure control of the Global Knee Replacement Industry followed by Asia and the Middle East. Europe and North America are expected to register double-digit growth in the forecasted period. The demand for knee replacement surgery devices is surging across Asian regions. The factors contributing to the rising demand in APAC are growing awareness of the possible treatments, the increasing number of the elderly population, and following patients with knee joint afflictions.

Developing regions such as India and China are projected to be potentially growing in the global knee replacement industry concerning the increasing demand for knee implant products holding the fact that these procedures and devices, which were considered unaffordable about a decade ago, are within financial reach of India’s and China’s growing middle classes.

Knee Replacement Market: Key Players

The Global Knee Replacement Industry is consolidated. Some of the key players in the market are Stryker Corporation, Zimmer Holdings, Smith & Nephew Plc, DePuy Companies, Inc., Wright Medical Group, Inc., Biomet, Inc., and Exactech. and B. Braun Melsungen AG.

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Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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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Identity Verification Market to Surge at 13.2% CAGR, Projected to Hit $38.5 Billion by 2033

The global identity verification market is predicted to expand at a CAGR of 13.2% over the course of the forecast period, according to FMI. Market value for the sector is anticipated to increase from $11.1 billion in 2023 to $38.5 billion by the end of 2033.

Increased legislation and the requirement that businesses operate in accordance with industry standards assist the identity verification industry. It is anticipated that market participants will have profitable expansion prospects, particularly in the banking sector. Additionally, the growing enterprise mobility and Bring Your Own Device (BYOD) trends are probably going to speed up market growth even more.

Use of advanced identity verification systems, such as incredibly powerful mobile devices with sophisticated cameras, GPS capabilities, and microphones, has increased self-service identity verification to offer multi-factor authentication in many forms. Because of its distinguishing characteristics, the inclusion of biometrics in digital identification provides enhanced attribution to a person. As a result, because the means of acquisition are strictly regulated, it is less vulnerable to imitation.

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To capitalise on this thriving market, key organisations are building mobile applications and Software Development Kits (SDKs). Document verification tests, such as nodding and blinking, allow driving licences and passports to be recognised and verified. Furthermore, leading players in the identity verification sector are constantly investing in R&D projects and releasing new technologies to combat security and cyber-attacks.

Key Highlights of the Identity Verification Industry:

The United States is projected to be a significant identity verification market over the projected period as well. The market is estimated to attain US$ 12.4 billion by 2033, expanding at a CAGR of 13% over the coming years.
Within Asia Pacific, China is expected to be a dominant market. The China market is assessed to reach US$ 3.1 billion by 2033, registering a CAGR of 12.6%. Rising governmental efforts to avoid identity fraud and invigoration of e-KYC are pushing market expansion.
In the Europe region, Germany is projected to drive significant market growth. Germany’s identity verification industry is projected to attain US$ 2.7 billion by 2033. The market is expected to exhibit a CAGR of 11.7% in the next 10 years. The demand for identity verification services is projected to surge due to the establishment of smart infrastructure, smart cities, and digital driver’s licenses in the region.
Based on organization size, large enterprises are projected to dominate the marketplace over the forecast period. The segment is expected to display a 12.6% CAGR in the forecast period, rising from the 9.8% CAGR observed in the historical period.

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Latest Market Developments in the Market:

In November 2020, LexisNexis Risk Solutions introduced LexisNexis Fraud Intelligence. This tool assists businesses to mitigate the risk associated with account opening. This solution helps enterprises in reducing the new account fraud risk by clubbing identity events and consumer application activity to develop a robust and comprehensive score that delivers a broad picture of identity proof.
Financial Action Task Force (FATA) increased the scope of reporting entities in 2021, and motivated member countries to compel virtual asset dealers, legal professionals, and art dealers to perform anti-money laundering screening on their clients.
In November 2021, Experian Information Solutions, Inc. introduced Work Report, which is an automated verification solution that permits users to consent to reveal their payment details to another organization digitally. The solution links to an employer’s payroll information in a matter of seconds to check a consumer’s gross and net income, status, and job tenure.

Key Segments Covered in the Identity Verification Industry Analysis

By Component:

Solutions
Services

By Deployment Mode:

On-premises
Cloud

By Type:

Biometrics
Non-biometrics

By Organization Size:

SMEs
Large Enterprises

By Vertical:

BFSI
Government and Defense
Healthcare & Life Sciences
Retail and eCommerce
IT & ITeS
Energy and Utilities
Education
Travel
Gaming
Others

By Region:

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

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IVD Antibodies Market Forecast: Projected Growth to USD 2 Billion by 2032 | Reveals by FMI

IVD Antibodies Market

The global IVD Antibodies Market is poised for significant growth, driven by the increasing demand for accurate and reliable diagnostic solutions. A recent analysis projects a Compound Annual Growth Rate (CAGR) of 3.8% from 2022 to 2032, with the market reaching nearly USD 2 billion by 2032. This highlights the critical role of IVD antibodies in disease diagnosis and treatment.

The driving force behind this anticipated surge is the escalating prevalence of chronic and infectious diseases on a global scale. The pressing need for early diagnosis of such diseases is steering the demand for IVD antibodies. Timely and accurate diagnostic tools are crucial in initiating prompt and effective treatment strategies.

In vitro diagnostics tests are used in laboratories, healthcare settings or directly by consumers at home for the detection of various diseases, infections and other medical conditions. Various companies in the IVD antibodies market are focusing on mergers and acquisitions with regional players. For example, in Sep. 2018, Summa Equity AB acquired Turku-based HyTest Ltd. whose regional presence in the U.S. and Asia is good. Continuously evolving nature of IVD antibodies market further expected to get maximum traction. Superior capability of the IVD antibodies to detect complex diseases such as cancer and use of IVD antibodies in therapeutic monitoring, evaluating blood safety before transfusion further makes it preferred choice of diagnosis test.

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IVD Antibodies Market: Drivers and Restraints:

Increasing incidence of chronic diseases such as HIV, hepatitis, cancer, cardiovascular diseases, etc. expected to drive the growth of Global IVD Antibodies Industry. Incidence of cancer and cardiovascular diseases is increasing rapidly and hence aging population of world further expected to drive the growth of IVD antibodies market. The ease of use of IVD antibodies for the diagnosis at laboratories, hospitals or even at home further increases patient compliance and makes IVD antibodies preferred choice.

The IVD antibodies market is further driven by increasing research and development funding which in turn improving the outcome of diagnostic tests as well as manufacturing of high end quality IVD antibodies for assays. Manufacturers in the Global IVD Antibodies Industry are focusing on mergers, acquisitions, collaborations and agreements such as Sebia Inc. one of the major IVD manufacturing company signed an agreement with Janssen Biotech to develop multiple myeloma IVD test. Whereas, low product penetration and higher cost of the IVD antibodies may hamper the potential growth of the market. Although manufacturers are focusing on developing novel IVD antibodies for diagnosis of different diseases but time consuming nature of research and development and tedious product approval process may hamper the growth of market.

IVD Antibodies Market: Overview

The Global IVD Antibodies Industry is majorly driven by the increasing chronic disease incidence as well as increasing product penetration in the low and middle income countries. By product type, Global IVD Antibodies Industry is expected to be dominated by the tumor markers due to high adoption for the diagnosis of malignancies. By the application, the IVD antibodies market is dominated by the cancer due to high number of diagnostic procedures. By end user, IVD antibodies market is dominated by the diagnostic laboratories due to high patient footfall for the disease diagnosis. The increasing R & D expenditure by leading biopharmaceutical companies for the development and evaluation of IVD antibodies for different diagnosis of various diseases expected to impact the market significantly.

IVD Antibodies Market: Regional Outlook

The Global IVD Antibodies Industry is dominated by North America due to higher product penetration. Europe is expected to be the second most lucrative IVD antibodies market due to higher number of diagnostic procedure and favorable reimbursement scenario. Latin America is expected to experience steady market growth due to increasing IVD antibodies adoption for the diagnostic procedures. Asia-Pacific is emerging market in IVD antibodies due to rapidly increasing product penetration, and emerging countries such India and China where healthcare infrastructure evolving rapidly. Middle East and Africa is expected to be least revenue generating IVD antibodies market due to low product penetration as well as limited availability of good healthcare infrastructure in most of the MEA region.

IVD Antibodies Market: Key Players

The key market participants operating in the Global IVD Antibodies Industry are: Abcam plc., Thermo Fisher Scientific, Rockland Immunochemicals Inc., GenScript, Bio-Rad Laboratories, Inc., SDIX, LLC., Advy Chemical Pvt. Ltd., MEDICAL & BIOLOGICAL LABORATORIES CO., LTD., HyTest Ltd., Abbott and Others

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

The report covers exhaust analysis on:

IVD Antibodies Market Segments
IVD Antibodies Market Dynamics
IVD Antibodies Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Indication
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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IVD Antibodies Market: Segmentation

By product type

Cardiac Markers
Tumor Markers
Kidney Injury Markers
Infection and Inflammation Antibodies

By application

Immunology
Cancer
Cardiovascular Diseases

By end user

Hospitals
Diagnostic Laboratories
Homecare settings
Others

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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.

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Global Ambulatory Surgical Centers Market to Surge to USD 150.6 Billion by 2033 at a 4.5% of CAGR

The global ambulatory surgical centers market is on a robust growth trajectory, having reached a valuation of USD 96.5 billion in 2023. According to recent projections, the market is expected to expand significantly, reaching USD 150.6 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period.

The growth of the ambulatory surgical centers market is driven by increasing demand for outpatient surgical procedures, advancements in surgical technologies, and a growing preference for cost-effective and convenient healthcare solutions. ASCs offer patients high-quality care with reduced hospital stays, contributing to their rising popularity and market expansion.

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The ASCs offer adequate treatments to cure illnesses, along with providing many facilities including reimbursement policies and insurance options. Thus, providing a cost-effective treatment to patients, lower than the expenses incurred at hospitals.

At ASCs, physicians are in a better position to control expenses and patient experience. By concentrating on one specialty and owning the equipment, it becomes easier for healthcare providers to schedule procedures and run an operating room efficiently. Therefore, more physicians are opening up ASCs to cater to the growing demand for surgical procedures. Going forward, the ambulatory surgical centers market is being governed by the research and development activities initiated by key players for the advancement of the market.

Key Takeaways from the Ambulatory Surgical Centers Market:

The U.S. market is predicted to maintain its prominent position over the forecast period as well, and reach US$ 73.5 billion by 2033. The market is predicted to record a CAGR of 4.5% from 2023 to 2033.
In Asia Pacific, Japan is estimated to attain US$ 5.7 billion by 2033. The market valuation of Japan is significant than China, which attained US$ 5.3 billion in the same year.
However, the growth of the market in China is projected to be 5% CAGR, greater than the 2.4% CAGR estimated for the market in Japan.
Over the forecast period, the surgical services segment is projected to emerge as the leading service, recording a CAGR of 4.6%.The
Increasing number of ASCs delivering high-quality outpatient surgical care is projected to contribute towards the progress of this segment.

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News Featuring Market Developments by Key Players of Ambulatory Surgical Centers:

In January 2023, Hudson Medical Center, a US$50 million and 1, 60,000 square foot facility, opened its gates for patients. At the same premises, the first ASC in St. Croix County, named Valley Surgery Center, will also be present. The center will be able to operate about 10,000 surgeries every year, after its commencement.
In August 2022, HCA Healthcare, a major healthcare provider in the U.S., announced its acquisition of Stone Oak Surgery Center, in association with 11 physician partners. The latter is a San Antonio-based ASC, authorized by the Centers for Medicare & Medicaid Services (CMS), and offers multispecialty services. With this acquisition, HCA Healthcare will extend its footprint in San Antonio.
Earlier, in January 2022, the company had revealed its decision to develop five new hospitals, offering all the necessary services in Texas. With this initiative, the company aims to cater to the rising need for healthcare services in the state.

Key Companies Profiled:

AmSurg Corp
Tenet Healthcare
HCA Holdings, Inc.
Surgical Care Affiliates, Inc.
Surgery Partners
Ambulatory Surgical Centers of America
Pinnacle III
Proliance Surgeons
Regent Surgical Health
SurgCenter Development

Ambulatory Surgical Centers Market by Category

By Centers Type:

Single Specialty Centers
MultiSpecialty Centers

By Modality:

Hospital-Based Ambulatory Surgical Center
Freestanding Ambulatory Surgical Center

By Services:

Diagnostic Services
Surgical Services

By Specialty Area:

Gastroenterology
Ophthalmology
Orthopedics
Pain/Neurology
Urology
Dermatology
Others

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Hemostatic Gels Market are expected to expand at a 6.8% CAGR and reach USD 1.9 Billion by 2032 | FMI Study

The Hemostatic Gels Market is experiencing a surge, driven by the increasing demand for effective bleeding control during medical procedures. A recent market analysis projects a substantial growth trajectory, with the global market reaching USD 1.9 billion by 2032. This translates to a Compound Annual Growth Rate (CAGR) of 6.8%, building on a market value of USD 957.1 million in 2021.

The growing use of hemostatic gels during surgical operations to control blood loss is driving up demand for efficient hemostatic gels. Furthermore, the increasing frequency of chronic disorders necessitates the use of these gels.

According to the Centers for Condition Control and Prevention (CDC), more than 45% of Americans have at least one chronic condition that necessitates surgical intervention.

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Globally, around 2,000,000 people die from hemorrhage each year, out of which approximately 1,500,000 deaths are due to trauma injuries. Similarly, every year almost 60,000 people die in the U.S. due to hemorrhaging and blood loss. These figures indicate the need for hemostatic gels during surgical procedures to improve clinical outcomes.

Hemostatic Gels Market Key Takeaways:

Based on product type, sales of porcine-based hemostatic gels are expected to grow at a 5.7% CAGR through 2032.
In terms of indication, the cardiovascular surgery segment is expected to account for 33.1% of the total market share over the assessment period.
By end users, demand for hemostatic gels across hospitals will increase at a 5.4% CAGR during the forecast period.
The U.S. dominated the North American hemostatic gels market in 2021, holding 82% of the total market share.
Demand for hemostatic gels in India is forecast to grow at a 7.4% CAGR over the assessment period.
Sales in the U.K. hemostatic gels market are expected to increase at a 7.1% CAGR through 2032.
China will emerge as a lucrative pocket, with demand growing at an 8% CAGR over the forecast period.

“Rising adoption of effective hemostatic gels across various industries for the protection of the workforce is expected to fuel demand in the market. In addition to this, rising awareness regarding the usage of hemostatic gels for blood loss management across emerging economies will augment the growth in the market,” says an FMI analyst

Clotting agents are medical devices used to stop bleeding in a variety of clinical settings, including surgical procedures, emergency situations, and trauma care. These gels work by promoting the clotting process, which is essential to prevent excessive blood loss.

Hemostatic Gels Market Competition Landscape:

Key players operating in the hemostatic gels market are adopting strategies such as product launches, mergers & acquisitions, joint ventures, and R&D activities to improve their global presence. For instance:

In 2019, Baxter International, Inc. introduced Floseal Hemostatic Matrix, its new hemostatic agent. Floseal Hemostatic Matrix U.S.FDA approved and is used to stop bleeding during surgical procedures.
In 2021, Medcura, Inc. together with ASO LLC launched Rapid-Seal, a new class of antibacterial hemostatic gel. This product meets the market demand for a transparent gel that will be easily applied during surgeries.

Key Companies Profiled:

Baxter
Bio-Chem LLC
Clinician’s Choice Dental Products Inc.
Cresilon, Inc.
DSI Ltd.
ENDOVISION CO., LTD
Ethicon US, LLC
F&A Medical
PrevestDenPro
Septodont
Teleflex Incorporated
Ultradent Products Inc. All
VladMiVa
Medcura, Inc.,

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Key Segments Covered In Hemostatic Gels Market Research

By Material:

Bovine-Based
Porcine-Based
Polymer-Based

By Indication:

General Surgery
Dental Surgery
Veterinary Surgery
Cardiovascular Surgery
Orthopaedic Surgery
Others

By End-User:

Hospitals
Speciality Clinics
Veterinary Settings
Ambulatory Surgical Centers
Online Sales

About Future Market Insights (FMI)

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

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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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Top Loading Cartoning Machine Market Projected to Exceed US$1 Billion by 2034, Driven by Technological Advances and Sustainability Trends

Future Market Insights (FMI) has released its latest report on the global top-loading cartoning machine market, forecasting a valuation of US$ 795.9 million in 2024. The market is projected to grow at a modest CAGR of 2% from 2024 to 2034, surpassing US$ 1 billion by the end of the forecast period. This growth trajectory indicates a 1.4x increase from 2024 to 2034, reflecting positive albeit gradual expansion.

Core Concepts in the Top Loading Cartooning Machine Industry

Estimated Market Valuation by 2034: US$ 1,090.6 million
Market Size by 2024: US$ 795.9 million
CAGR Forecast (Through 2034): 00%
Largest Segment by Orientation in 2024: The horizontal segment is expected to hold about 1% of the market share.
Largest Segment by End Use in 2024: The food segment is projected to hold about 9% of the market share.

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Key Market Trends and Highlights

Technological Integration: The market benefits significantly from advanced technological infrastructure, which is transforming traditional packaging systems. This integration enhances efficiency and productivity in cartoning processes, driving market growth.
Focus on Sustainability: Increasing emphasis on sustainability is reshaping product packaging requirements. Biodegradable and recyclable materials are becoming standard, aligning with global environmental goals and consumer preferences for eco-friendly solutions.
Rising Food and Beverage Industry: The expanding food and beverage sector is a pivotal driver for the top loading cartoning machine market. As consumer demand for packaged food grows, manufacturers prioritize attractive and functional packaging, creating lucrative opportunities for market expansion.
Investment and Diversification: Strategic investments by key market players are fostering diversification within the industry. These investments aim to capitalize on emerging trends and technological advancements, expanding the market’s scope and competitiveness.

Market Drivers

Consumer Awareness of Sustainability: Increasing consumer awareness regarding environmental sustainability and safety is driving demand for sustainable packaging solutions. This shift is creating lucrative opportunities for market expansion.
E-commerce Growth: The rise of e-commerce platforms is boosting the demand for packaging solutions, as the sector requires extensive and efficient packaging for shipping and handling.
Industry Growth: The expansion of various industries, including pharmaceuticals, food and beverage, and manufacturing, is propelling market growth. Top loading cartoning machines are finding diversified applications across these sectors, further driving demand.

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Competitive Landscape

Major players across top loading cartoning machines market are focusing upon expanding their international footprint by acquiring domestic players in foreign countries:-

In October 2020, Mpac Group Plc acquired US based packaging firm named Switchback Group Inc., which is engaged in production of packaging machinery and automation solutions.

In May 2021, R.A Jones launched modernization options such as self-cleaning modules and air assist valves for its top loading cartoning machines.

Country Insights:

Enhanced automation is revolutionizing the top loading cartoning machine market in the United States of America, driving significant growth across industries. With a robust technological framework supporting advancements, American organizations are increasingly adopting automated solutions for packaging and delivery, aimed at boosting operational efficiency. This surge in automation has directly escalated the demand for top loading cartoning machines, stimulating market expansion and attracting new market entrants.

Simultaneously, Italy is witnessing a steady rise in demand for precision-driven top loading cartoning machines, projecting a market growth at a CAGR of 1.2% through 2034. Italian industries, particularly in food, pharmaceuticals, and cosmetics, emphasize standardized packaging solutions that comply with stringent quality norms, thereby escalating the need for high-precision cartoning machines.

Meanwhile, Spain leads Europe with a notable CAGR of 2.3%, driven by investments in cutting-edge manufacturing technologies and government initiatives promoting Industry 4.0 standards. This strategic focus on technological integration enhances competitiveness on a global scale, further propelling the growth of the top loading cartoning machine market in Spain.

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Global Top Loading Cartooning Machines Market by Category

By Automation:

Automatic Top Loading Cartoning Machine
Semi-automatic Top Loading Cartoning Machine

By Capacity:

Less than 70 CPM
71 to 150 CPM
151 to 400 CPM
Above 400 CPM

By End Use Industry:

Food
Beverage
Personal Care
Healthcare
Homecare
Others

By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East and 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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