FMI Analysis Predicts Global Helical Submerged Arc Welded (HSAW) Pipes Market Share to Cross USD 7.8 Billion by 2033, Driving 3.3% CAGR Growth

The global helical submerged arc welded (HSAW) pipes market is positioned to achieve a substantial valuation exceeding USD 7.8 billion by 2033. With a significant valuation of USD 5.4 billion in 2022 and a projected increase to USD 5.7 billion in 2023, the market illustrates a consistent growth trend, underscored by a steady Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033.

Helical submerged arc welded pipes, also recognized as Large Diameter Pipes (LDPs), play a vital role in facilitating the seamless transportation of crucial resources like natural gas and oil. Serving as indispensable conduits within the industry, these pipes enable the efficient movement of fluids from distant production and refining sites to consumption hubs, thereby making a significant contribution to the global flow of resources across international borders.

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The rise in industrialization led to an increase in a number of various industries such as chemical and pharmaceutical. Growing advances in these companies led to a boost in demand for helical submerged arc welded (HSAW) pipes.

The helical submerged arc welded (HSAW) pipes market in the construction industry is expected to continue growing in coming years driven by the increasing demand for energy & infrastructure as well as the development of new applications for these pipes.

Key Takeaways:

  • From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
  • Based on the application, the oil & gas segment accounts for a CAGR of 3.8%.
  • By outer diameter, 18-24 inches segment is expected to expand at a CAGR of 3.5% during the forecast period.
  • North America to emerge as a promising market, capturing a CAGR of 3.2%.
  • Asia Pacific is an opportunistic market, expected to capture a CAGR of 3.2% during the forecast period.

Competitive Landscape:

Leading players operating in the global helical submerged arc welded (Hsaw) pipes market are focusing on intensive research and development for launching innovative products and services in the market.

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

The market players are also emphasizing offering innovative products and services and improved accuracy and reliability. The market is benefiting from partnerships with a high focus on innovation.

  • In April 2023 – EVRAZ North America (ENA) announced the successful development and qualification of a high-strength, high-frequency welded (HFW) line pipe for high-pressure, 100 percent hydrogen transmission. ENA is the first North American line pipe producer qualified for high-pressure, 100 percent hydrogen pipeline transportation.
  • Zenith Steel Pipes & industries limited is a pioneer in the field of manufacturing of erw & hot dip galvanized pipes in India. Manufactured Spirally Welded Pipes (HSAW) from 18-inch to 100-inch OD (457 mm to 2540 mm OD) which is used in the bulk transportation of water.

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Key Companies Profiled in the Report:

  • Bestar Steel Co., Ltd
  • EVRAZ North America
  • American Cast Iron Pipe Company
  • Cangzhou Haihua Steel Pipe Co., Ltd.
  • Continental Steel & Tube Company

Key Segmentation:

By Outer Diameter:

  • 18-24 Inches
  • 24-48 Inches
  • Over 48 Inches

By End-Use:

  • Oil &Gas
  • Water
  • Construction
  • Chemical
  • Other End-Use

By Region:

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

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.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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FMI Study Projects Global Large Scale Bearings Market Size Aims to Surpass USD 760.3 Million by 2033, Driving 8.0% CAGR Growth

The global large scale bearing market is projected to witness substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 8.0% expected between 2023 and 2033, reaching an estimated value of USD 760.3 million. This anticipated expansion reflects significant shifts in various industries, spurred by relentless technological advancements.

Driving this upward trend is a notable increase in industrialization and automation, which is reshaping sectors across the globe. Companies are embracing automation and mechanization to bolster efficiency, productivity, and overall operational capabilities. As industries continue their journey towards heightened industrialization, the demand for large bearings capable of withstanding heavy loads and ensuring smooth rotation is becoming increasingly essential.

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Key Takeaways:

  • The global market for large-scale bearings grew at 6.7% CAGR from 2018 to 2022, reaching USD 353.5 million in terms of value in 2023.
  • The United States large scale bearing industry is expected to reach a valuation of USD 685.3 million by 2033.
  • The United Kingdom’s large scale bearing industry is expected to cross a value of USD 11.9 million by 2033.
  • China’s large scale bearing industry is anticipated to top a valuation of USD 144.7 million in 2033.
  • With a CAGR of 8.6% estimated from 2023 to 2033, the gearbox bearing segment is anticipated to rule the global large scale bearing market by application.

“Ongoing construction of infrastructure projects, including power plants, bridges, and dams has increased demand for large scale bearings. These projects require strong, dependable bearings to support the operation of diverse components, assuring lifetime and trouble-free operation,” – says an analyst at Future Market Insights (FMI).

How Does Competition Look in the Large Scale Bearing Market?

The large scale bearing industry is highly consolidated with a significant number of players vying for high shares. Several significant participants in this industry comprise SKF Group, ThyssenKrupp GmbH, Schaeffler Group, Timken Company, and NTN Corporation among others.

The large scale bearing industry is characterized by intense competition among leading players, who are investing heavily in research & development to develop innovative and cost-effective products. These companies are also expanding their product offerings and strengthening their distribution channels to meet the changing demands of customers.

Collaborations and partnerships with other firms are becoming increasingly common in the market, allowing participants to leverage each other’s capabilities and expand their reach. Mergers and acquisitions are being used by key players to enhance their position and gain access to new markets, particularly in rapidly growing economies such as India and China.

For instance,

  • NSK expanded their line of electrical erosion immune bearings in March 2023 for axles. These bearings have insulating polymer coatings and conductive brushes. These will strengthen NSK’s flexibility to respond to different client needs regarding electrical erosion and help to increase EV dependability and range.
  • Minebea Mitsumi announced Honda Lock Mfg. Co., Ltd.’s full acquisition of all of its shares in January 2023. The company and Honda Motor Co., Ltd. had a share transfer agreement in existence prior to August 2022 for the purchase of Honda Lock Mfg. Co., Ltd. shares.

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Market Outlook by Categorization:

By Product Type:

  • Plain Bearing
    • Deep Groove
    • Four Point Contact
  • Roller Bearing
    • Cylindrical
    • Tapered
    • Spherical
  • Slew Bearings
  • Electrically Insulated Bearings

By Diameter:

  • 500 to 1000mm
  • 1000 to 1500mm
  • 1500 to 2000mm
  • 2000 to 2600mm

By Application:

  • Main Bearings
  • Pitch Bearings
  • Generator Bearings
  • Gearbox Bearings
  • Flange Bearing
  • Yaw Bearings

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

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, Inc.

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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Vaginal Specula Market is Expected to Grow Rapidly, With a Projected Value of USD 1,301.5 Million by 2033 at a Compound Annual Growth Rate of 3.4%.

Vaginal Specula Market
Vaginal Specula Market

The vaginal specula market is expected to grow from USD 936.0 million in 2023 to USD 1,301.5 million by 2033, with a compound annual growth rate (CAGR) of 3.4% by the end of the forecast period.

During Pap smear testing, a plastic or metal tool called a vaginal speculum is used to collect cells from the vaginal walls and view them under a microscope. In addition, the test aids in determining whether malignant cells exist. Thus, there may be a rise in demand for vaginal speculums due to the rising incidence of cervical cancer. Any intrauterine device can be inserted using the speculum as well.

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Vaginal Specula: A Vital Tool for Women’s Health

Vaginal specula are medical instruments used during pelvic examinations and procedures like Pap smears, which screen for cervical cancer. These devices, typically made of plastic or metal, help healthcare professionals visualize the cervix and collect cell samples for analysis.

Market Growth Driven by Public Health Initiatives

The rising incidence of cervical cancer among women is a significant factor influencing market growth. As a result, healthcare organizations and governments are prioritizing cervical cancer screening programs to ensure early detection and treatment. This focus on preventive healthcare translates into a growing demand for vaginal specula.

Key Takeaways:

  • The global vaginal speculum market is expected to reach US$1,301.5 million by 2033, reflecting a rise from US$936.0 million in 2023.
  • This growth is projected at a consistent compound annual growth rate (CAGR) of 3.4% throughout the forecast period.
  • The rising prevalence of cervical cancer and increasing focus on cervical cancer screening programs are key drivers for market expansion.

Competitive Landscape:

Key Contracts/ Agreements/ Acquisitions:

The bulk of revenue share in the global market is held by a small number of large and medium-sized market players, indicating market fragmentation. Prominent entities in the worldwide industry are implementing diverse tactics, engaging in mergers and acquisitions, signing strategic agreements and contracts, and embracing automated technology.

  • Baxter announced the acquisition of Hillstrom in December 2021, one of the leading manufacturers of vaginal specula. This acquisition unlocked the next phase of the company’s transformation for enhanced global impact on patients, employees, clinicians, and shareholders, increasing the sales of vaginal specula systems.
  • CooperCompanies announced the acquisition of OBP Medical Corporation in May 2021, a United States-based medical device company that develops and markets products like single-use vaginal speculums with integrated LED illumination.
  • CooperSurgical acquired AEGEA Medical of California and its FDA-approved Mara Water Vapor Ablation System in February 2021. Added to CooperSurgical’s existing portfolio of medical products focusing on clinic practice-based women’s health, the acquisition builds on the company’s over 30 years of experience in women’s healthcare, expanding the demand for vaginal speculas.
  • Creek Women’s Health, a company dedicated to women’s health, announced the release of Nella VuLight, a best-in-class vaginal speculum that illuminates the cervix and wall of the vagina.
  • At Duke University, researchers are testing a tampon-size device with a 2-megapixel camera attached at the end to aid in viewing the cervix more clearly. This device uses a light source and a camera to improve patient visibility and results. For market players, such developments in vaginal specula create significant growth opportunities.

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The Key Players in the Global Market:

Some key players across the value chain of the global market are:

  • OBP Medical
  • Cooper Surgical Cooper Surgical
  • B. Braun Melsungen AG
  • Welch Allyn
  • Pelican Feminine Healthcare
  • Crown Holdings Inc.
  • DYNAREX Corporation
  • MedGyn
  • Integra Lifesciences
  • Sklar Surgical
  • Steris
  • Teleflex Inc.
  • Robinson Healthcare

Vaginal Specula Market Segmentation:

By Product Type:

  • Vaginal Speculum with Smoke Evacuator

By Type:

  • Disposable
  • Reusable

By Procedure:

  • Electrosurgical Colposcopy
  • Endometrial Biopsy
  • General Examination
  • Others

By End User:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Semi-Automatic

By Region:

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

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About Future Market Insights (FMI)

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

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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Topical Wound Agents Market is Expected to Grow at a 6.6% CAGR and Reach USD 3,520.0 Million by 2033.

Topical Wound Agents
Topical Wound Agents Market

The topical wound agents market is expected to grow at a compound annual growth rate (CAGR) of 6.6% over the course of the forecast period, from USD 1,856.6 million in 2023 to USD 3,520.0 million in revenue by 2033.

Topical wound treatments are prescribed medications used to treat injuries related to the skin. The majority of the time, they are blended into emulsions, creams, oils, sprays, and other formulations that contain a wide range of agents for the treatment of both acute and chronic wounds. The assistance that these agents offer is motivating a large number of people to choose the same, which will increase demand for topical wound agents over the projected period.

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The increasing frequency of chronic wounds across all age groups has led to a notable rise in the global market for topical wound agents. The sheer number of patients with both acute and chronic wounds presents a huge business opportunity for manufacturers of topical wound treatments.

Furthermore, the top companies in the topical wound agents market are largely focused on conducting research and development to hasten the discovery of new pharmaceuticals in order to enhance and increase their market share. The topical wound agent market is predicted to grow due to rising patient awareness and easier access to healthcare services in emerging nations.

Key Takeaways:

  • The global topical wound agents market is projected to reach a value of US$3,520.0 million by 2033, reflecting a significant increase from US$1,856.6 million in 2023.
  • This growth is anticipated at a steady compound annual growth rate (CAGR) of 6.6% throughout the forecast period.
  • The rising demand for effective wound management solutions and the advantages of topical wound agents over traditional options are key drivers for market expansion.

Competitive Landscape:

How Strong Is the Competition in the Topical Wound Agents Industry?

To increase the sales of topical wound treatments, companies in the industry are concentrating on creating novel dosage forms.

Prominent businesses are using a range of strategies, such as product launches and mergers and acquisitions, to increase their market share.

Recent developments Observed by FMI:

  • The acquisition of SastoMed, a Danish provider of wound care, was announced by Mölnlycke, a leading medical solutions provider, in 2021.

This acquisition aimed to increase Mölnlycke’s selection of cutting-edge wound care products, particularly topical wound agents.

  • Sundance Solutions, a global leader in creating cutting-edge strategies for the prevention of pressure ulcers, was bought by Mölnlycke Healthcare in February 2016.

It was anticipated that this acquisition might increase its product portfolio for the treatment of pressure ulcers and boost market share.

  • Bausch Health introduced a topical lotion called DUOBRII, and it recently got FDA approval.

Halobetasol propionate and tazarotene are combined in this lotion, making it safe for prolonged usage.

Key Players in the Global Market:

  • Teva Pharmaceutical Industries Ltd.
  • Novartis AG
  • Pfizer Inc.
  • Johnson & Johnson
  • Mylan N.V.
  • AstraZeneca Plc.

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Topical Wound Agents Market Segmentation:

By Drug Type:

  • NSAIDS
  • Antiseptics
  • Antibiotics
  • Others

By Dosage Forms:

  • Creams
  • Lotions
  • Powders
  • Emulsions
  • Gels
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies/Drugstores
  • E-commerce

By Region:

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

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About Future Market Insights (FMI)

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

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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Inkjet Coders Market Poised for Significant Growth, Projected to Reach $3.9 Billion by 2033

By 2033, it is projected that the worldwide market for inkjet coders would be valued US$ 3.9 billion. For the review period of 2023 to 2033, a consistent compound annual growth rate of 7.7% is predicted. In 2023, it is probably going to hit US$ 1.8 billion. Between 2018 and 2022, the worldwide inkjet coders market saw an incredible compound annual growth rate (CAGR) of 9.1%.

The market for inkjet coders is a subset of the larger coding and marking business sector. An inkjet coder is a printing equipment that marks or encodes objects for marking, traceability, and identifying reasons using inkjet technology.

The inkjet coders market includes a variety of printers that use inkjet technology to print on various surfaces, including packaging labels, materials, and the products themselves. Industries with stringent regulatory requirements, such as pharmaceuticals and food, rely heavily on inkjet printers for accurate, compliant coding to meet security and traceability standards.

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Programmable inkjet coders are designed to work on diverse substrates, including metal, plastic, paper, glass, and more. This flexibility is a key feature of the technology. There is an increasing focus on environmentally friendly inks and sustainable encoding solutions, including solvent-free and water-based inks, to reduce the ecological impact of the encoding process.

Inkjet coders are progressively integrated into Industry 4.0 environments, incorporating IoT technology for real-time monitoring, data analysis, and connectivity with other production line gears. Industries are seeking customizable inkjet printers for unique branding and rich data printing.

The inkjet coders market is growing globally, with emerging markets in Asia Pacific and Latin America showing noteworthy potential due to increasing industrialization. The market is competitive, with established manufacturers and new entrants offering diverse products. Differentiation is often based on technological innovation, product flexibility, and after-sales service.

Key Takeaways from the Inkjet Coders Market Report

  • China inkjet coders market is projected to total US$ 567.3 million by 2033.
  • Japan’s inkjet coders market is anticipated to hit US$ 363.4 million by 2033.
  • The South Korean inkjet coders market is expected to reach US$ 201.9 million by 2033.
  • In terms of type, CIJ inkjet coders are expected to grow at a CAGR of 7.5% through 2033.
  • Based on application, the food category is projected to account for a leading CAGR of 7.3% through 2033.

“Manufacturers of marking and coding systems have an upright opportunity due to the food and beverage industry’s regulatory regulations regarding the display or labeling of information. The industry is growing because of acceptance and awareness of these high-quality codes and labels to print food product information quickly and efficiently. Manufacturers in the high-speed, high-performance beverage industry face changing customer behavior that can impact operational efficiency, a trend likely to hold strong through 2033.” – opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

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Competitive Landscape

Inkjet suppliers are focusing on developing new products, which will help strengthen their presence in the market. Creating new products and services with new qualities, including energy efficiency, high precision, exceptional electrical properties, and versatility, is another area of ​​interest for key companies. Key companies invest heavily in extensive research and development to achieve this.

Restraints:

While the inkjet coders market holds immense potential, certain challenges and restraints need consideration. Market players must navigate issues related to technology adoption, evolving regulatory landscapes, and pricing pressures. Moreover, competition in this space is expected to intensify as new entrants join the fray, prompting established players to innovate and differentiate their offerings continually.

For instance,

  • In 2022, Videojet Technologies, Inc. announced the launch of the new Videojet 1580 continuous inkjet (CIJ) encoder/printer, which provides enhanced marking and encoding capabilities with improved availability and cost.
  • In 2022, Systech technology allows its manufacturers to enhance a layer of digital protection to their goods that is not physically possible.
  • In March 2022, Xaar acquired Megnajet, a company that designs and manufactures industrial ink management systems and digital inkjet supply systems.

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In its new offering, Future Market Insights (FMI) provides an unbiased global inkjet coders market analysis, presenting historical demand data (2018 to 2022) and forecast statistics from 2023 to 2033.

The study incorporates compelling insights on the inkjet coders industry based on type (CIJ inkjet coder, DOD inkjet coder, TIJ coder, and other types) application (food, medical, packing, cosmetic, automobile, other applications) across several regions.

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Inkjet Coders Market Outlook by Category

Type:

  • CIJ Inkjet Coder
  • DOD Inkjet Coder
  • TIJ Coder
  • Other Types

Application:

  • Food
  • Medical
  • Packing
  • Cosmetic
  • Automobile
  • Other Applications

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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Virtual Companion Care Market is Predicted to Grow Rapidly, Reaching USD 14.4 Million at a Compound Annual Growth Rate of 6.2% by 2033.

Virtual Companion Care Market
Virtual Companion Care Market

During the projected period, a compound annual growth rate (CAGR) of 6.2% is anticipated for the virtual companion care market. The global market’s present valuation of USD 7.9 million in 2023 is expected to improve to USD 14.4 million by 2033 during the course of this projected period.

As more and more primary and secondary users of healthcare services throughout the world adopt various technologies, the interaction between patients and caregivers or health maintenance organizations is changing quickly in the age of digitalization.

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As virtual platforms have become more and more popular for companion care, healthcare institutions are utilizing them to promote instructions connected to healthcare. This could lead to an increase in the demand for online companion care. This kind of service becomes crucial while providing aging care services because older folks are the ones who genuinely need a companion.

Virtual companion care, a virtual agent combined with a chatbot or other artificial conversational entity that may converse with existing healthcare databases through appropriate nonverbal conduct, is one type of virtual reality.

Key Takeaways:

  • The virtual companion care market is estimated to reach a global net worth of US$14.4 million by 2033, reflecting a healthy CAGR of 6.2%.
  • This growth is driven by the increasing adoption of virtual healthcare platforms and the rising need for companionship, particularly among aging populations.

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Competitive Landscape for the Global Market

The majority of people in poor nations have not yet had first-hand experience with virtual companion care, and the market is still in its early stages of growth. Most of the platforms are usually created as part of the curriculum by universities and other educational organizations. But as the need for virtual companion care services grows across the country, commercial companies offering comprehensive support services are starting to emerge.

Recent Developments in the Global Market:

  • Lares Home Care, LLC started its 24×7 virtual caregiver solution in May 2020 by the name of EnvoyatzHome to monitor the activities of older adults in real-time.
  • A leading virtual healthcare service provider named Healthtap declared in March 2021 to start primary care service in virtual mode. The first phase provides it in seven states and is estimated to be extended later.

Key Players Profiled:

  • Claris Healthcare Inc.
  • General Electric Company
  • AIST Japan
  • GeriJoy Limited
  • Living Assistance Services Inc.

Virtual Companion Care Market by Category:

By Type:

  • Video Service
  • Voice Service
  • Others

By End User:

  • Long-term Care Centres
  • Home Care Settings
  • Rehabilitation Centres
  • Old Age Homes
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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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Discrete Capacitors Market to Reach $47.7 Billion by 2033 with a 7.2% CAGR Growth

The market for discrete capacitors grew rapidly, reaching a total value of US$ 22.1 billion in 2022. Discrete capacitor sales are expected to reach US$ 23.9 billion in 2023, with a predicted Compound Annual Growth Rate (CAGR) of 7.2% between 2023 and 2033. This growth is anticipated to continue. It is projected that this market sector would generate revenue of around US$ 47.7 billion by 2033.

There is a transition in the automobile industry towards electric cars, or EVs. Advanced and effective power electronics are necessary for EVs, and capacitors play a major role in voltage management and energy storage. Sensor and camera modules that use ADAS technologies, such adaptive cruise control and collision avoidance systems, need capacitors for energy storage and filtering purposes.

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Modern vehicles are equipped with increasingly sophisticated infotainment systems. Capacitors are essential for audio amplifiers, touchscreen displays, and other entertainment features. Hybrids and electric vehicles have complex powertrains that rely on capacitors for energy storage and power management, especially in regenerative braking systems.

With the rise of connected vehicles and IoT integration, capacitors are used in communication modules for reliable data transmission and processing. As vehicles become more compact and aerodynamic, the demand for small, high-performance capacitors increases, as they are essential for space-saving designs.

Key Takeaways:

  • The Discrete Capacitors Market is set to expand at a remarkable 7.2% CAGR between 2023 and 2033, reaching an estimated revenue of US$ 47.7 billion by 2033.
  • The automotive industry’s shift towards electric vehicles is a major driver, with capacitors playing a crucial role in power electronics, ADAS technologies, and infotainment systems.
  • North America and Asia-Pacific are key regional players, with ceramic capacitors leading in terms of category due to their widespread application.
  • Challenges include material availability, supply chain disruptions, and environmental considerations, necessitating strategic planning and sustainability practices.

The automotive industry is at the forefront of this remarkable expansion. With a significant shift towards electric vehicles (EVs), the demand for advanced and efficient power electronics has risen substantially. Capacitors play a pivotal role in energy storage and voltage regulation, becoming a linchpin for EVs. Furthermore, Advanced Driver Assistance Systems (ADAS) technologies, including collision avoidance systems and adaptive cruise control, heavily rely on capacitors for their filtering and energy storage in sensor and camera modules.

In line with these technological advancements, modern vehicles now feature increasingly sophisticated infotainment systems. Capacitors are indispensable components, crucial for audio amplifiers, touchscreen displays, and various entertainment features, ensuring seamless user experiences. Hybrid and electric vehicles, with their complex powertrains, rely significantly on capacitors for energy storage and power management, particularly in regenerative braking systems.

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Competitive Landscape – Regional Trends:

The global discrete capacitors market showcases a competitive landscape shaped by regional trends. North America and Asia-Pacific are expected to remain dominant players in this market, driven by their booming automotive sectors and technological innovations. Europe is also poised for substantial growth due to the surge in electric vehicle adoption. Meanwhile, emerging economies in Latin America and Africa are gradually catching up, presenting lucrative opportunities for market expansion.

Restraints:

Despite the promising growth, challenges persist in the discrete capacitors market. The industry faces constraints related to the availability of rare materials required for capacitor manufacturing, supply chain disruptions, and environmental concerns. These hurdles demand strategic planning and sustainable practices to ensure the market’s sustained growth.

Region-wise Insights – Category-wise Insights:

Region-wise, North America and Asia-Pacific continue to dominate, with their automotive sectors driving the demand for discrete capacitors. In terms of categories, ceramic capacitors are projected to maintain their lead due to their extensive application in various electronic devices and power systems.

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Discrete Capacitors Market Outlook by Category

By Type:

  • Ceramic
  • Aluminum
  • Paper & Plastic AC & DC Film
  • Tantalum

By Application:

  • Telecom
  • Computers
  • Consumer
  • Automotive
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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Veterinary Procedure Lights Market is expected to grow at a 4.3% CAGR to reach USD 463.9 Million by 2033.

Veterinary Procedure Lights
Veterinary Procedure Lights Market

The veterinary procedure lights market is anticipated to be worth USD 303.8 million in 2023 and USD 463.9 million in 2033. Throughout the course of the projection period, it is projected that the sales of veterinary procedure lights will increase at a noteworthy CAGR of 4.3%.

A market study on veterinary procedure lights highlights the significance of surgical lights for operational repositioning as well as the rapidly advancing fields of technology and innovation. The majority of the time, these procedure lights are utilized for sufficiently precise minimally invasive operations. Additionally, the most recent advancements in light technology along with fresh innovations are driving trends in veterinary procedure lights sales.

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The increasing pet humanization, particularly among pet owners who have begun to treat their animals as members of their own families, is the cause of the expanding number of veterinary clinics and healthcare facilities. This also includes the monthly examinations, diagnosis, and care provided by veterinarians. For the duration of the forecast period, this is anticipated to raise demand for veterinary procedure lights.

Better veterinary equipment is becoming more and more necessary due to the strong trend of pet adoption in Western nations. The attempt to promote these growth opportunities for the veterinary process lights industry is supported by the government. Furthermore, as a result of these factors, the veterinary procedure market is expected to grow and prosper as these devices are integrated with artificial intelligence, the Internet of Things (IoT), and nanotechnology.

Key Takeaways:

  • The global veterinary procedure lights market is poised to surge from US$303.8 million in 2023 to US$463.9 million by 2033, reflecting a steady CAGR of 4.3%.
  • Rising technological advancements, coupled with the crucial role of surgical lighting in precise veterinary procedures, are fueling market growth.
  • The advent of efficient LED lights across operating room, exam, and handheld categories further bolsters market prospects.

How Key Players are Contributing to the Veterinary Procedure Lights Market?

There are many notable players in the highly fragmented veterinary procedure lighting market. In terms of market share, a small number of very large companies currently control the sector. Sunnex Group, ACEM S.p.A., MDS, Midmark Corporation, Medical Illumination, and Suburban Surgical Co., Inc. Incorporated are some of the industry leaders.

Recent Developments:

  • Atena Lux attended the Arab Health 2022 conference, which was held in Dubai.
  • Dispomed Ltd. announced their alliance with ARVS in April 2022. The focus of this collaboration will be on offering the best medical equipment and tailored technical service to veterinary clinics.

Key Companies Profiled:

  • Sunnex Group
  • Dispomed ltd
  • ACEM S.p.A
  • Philips Lighting Holding B.V
  • HAEBERLE Midmark Corporation
  • Atena Lux
  • Avante Health Solutions Company
  • MDS Incorporated.
  • Suburban surgical Co Inc

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Market Segmentation:

By Product Type:

  • Examination lights
  • Surgery Lights
  • Frontal Binocular Microscope and Headlights

By Modality:

  • Floor Stand
  • Wall Mount
  • Single head Ceiling Mount
  • Double-head Ceiling Mount

By End User:

  • Veterinary Hospitals
  • Veterinary Clinics
  • Veterinary Diagnostic Centers
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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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Osteonecrosis Treatment Market to See Incredible Growth, With a 4.9% CAGR to Reach USD 434.0 Million by 2033

Osteonecrosis Treatment
Osteonecrosis Treatment Market

The osteonecrosis treatments market is anticipated to reach USD 434.0 million by 2033, from a predicted USD 268.2 million in 2023. Throughout the projection period, osteonecrosis treatment sales are anticipated to increase at a noteworthy CAGR of 4.9%.

In most cases, osteonecrosis affects the knee, ankle, hip, and shoulder joints. There are two types of osteonecrosis: the non-traumatic type and the traumatic type. It may result from a decreased blood supply brought on by an alcohol addiction, bone dislocation, or the concerning long-term use of corticosteroids.

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The rise in alcohol intake is one of the primary drivers of the osteonecrosis therapies global market expansion. The number of Americans who drink alcohol has sharply increased over the past several years, according to the National Institute on Alcohol Abuse and Alcoholism. Additionally, the market research on osteonecrosis remedies shows that women’s alcohol consumption has increased.

The market for treatments for alcohol-induced osteonecrosis has exploded as a result of aberrant lipid metabolism brought on by alcohol consumption.

Key Takeaways:

  • The global osteonecrosis treatment market is projected to reach US$434.0 million by 2033, reflecting a rise from US$268.2 million in 2023.
  • This growth is anticipated at a consistent compound annual growth rate (CAGR) of 4.9% throughout the forecast period.
  • The increasing prevalence of osteonecrosis and rising alcohol consumption are identified as key growth drivers for the market.

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Competitive Landscape:

The competitive landscape in the osteonecrosis treatment market is characterized by the presence of several key players and a competitive environment. These players are actively engaged in research and development activities, strategic collaborations, mergers and acquisitions, and product launches to strengthen their market position and gain a competitive edge.

  • Pfizer Inc. Pfizer is a leading pharmaceutical company involved in the development and commercialization of innovative therapies for various diseases, including osteonecrosis.
  • Merck & Co., Inc. Merck is a global healthcare company that develops and markets a wide range of pharmaceutical products, including treatments for osteonecrosis.
  • Novartis AG: Novartis is a multinational pharmaceutical company that offers a diverse portfolio of healthcare products, including therapies for osteonecrosis.
  • Eli Lilly and Company: Eli Lilly is a leading pharmaceutical company known for its innovative treatments in various therapeutic areas, including osteonecrosis.
  • Johnson & Johnson: Johnson & Johnson is a renowned healthcare company that develops and markets pharmaceutical products, medical devices, and consumer healthcare products.
  • Zimmer Biomet Holdings, Inc. Zimmer Biomet is a global leader in musculoskeletal healthcare, providing a range of products and solutions for orthopedic conditions, including osteonecrosis.

Key Companies Profiled:

  • Pfizer Inc.
  • Merck & Co. Inc.
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd
  • Bone Therapeutics SA
  • Mylan NV
  • Regrow Biosciences
  • Vericel Corporation
  • Zimmer Biomet
  • Enzo Biochem Inc.

Key Segments Covered in the Osteonecrosis Treatment Market Report:

By Drug Type:

  • NSAIDS
  • Cholesterol-Lowering Drugs
  • Blood Thinners
  • Others

By Therapy:

  • Stem Cell Therapy
  • Joint Replacement Surgery

By End User:

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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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Neuro Immunoassay Market Is Expected to Soar, Doubling by 2033 at a 7.3% CAGR of USD 5,303.1 Million

Neuro Immunoassay
Neuro Immunoassay Market

The neuro immunoassay  market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from USD 2,616.1 million in 2023 to USD 5,303.1 million by 2033.

In a number of bioanalytical contexts, including food testing, clinical diagnostics, security, environmental monitoring, and biopharmaceutical analysis, immunoassays (IAs) are essential. It is a chemical test that uses an immune response to identify and measure a specific molecule. Neuro Immunoassay is a quick and accurate test technique that can be applied in the lab or on-site to identify particular compounds.

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It is anticipated that the market for neuro immunoassay would grow, highlighting the increased prevalence of neurological disorders and autoimmune diseases globally. With an aging population and changing lifestyles, the frequency of these disorders is rising, necessitating the use of advanced diagnostic technologies for timely therapy and intervention.

Key Takeaways:

  • The global neuro immunoassay market is expected to reach a value of US$5,303.1 million by 2033, reflecting a significant increase from US$2,616.1 million in 2023.
  • This growth is projected at a healthy compound annual growth rate (CAGR) of 7.3% during the forecast period.
  • The surge in demand is attributed to the crucial role of immunoassays in various applications like biopharmaceutical analysis, clinical diagnostics, and early disease detection.

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Key Segments of the Neuro Immunoassay Market

By Technology:

  • Radioimmunoassays (RIA)
  • Polymerase Chain Reaction (PCR)
  • ELISA
  • Western Blot
  • Rapid Tests
  • ELISPOT

By Product Type:

  • Reagents and Kits
  • Analysers

By Application:

  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Huntington’s Disease
  • Amyotrophic Lateral Sclerosis (ALS)
  • Spinal Muscular Atrophy (SMA)

By End User:

  • Hospitals
  • Clinics
  • Academic Organizations
  • Biopharmaceutical Companies
  • Pharmaceutical Companies
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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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