Market Research Blog – Page 1699 – New Product Development

Cloud-Based Drug Discovery Platform Market is predicted to grow at a 12.6% CAGR and reach a valuation of USD 7,529.59 Million by 2032 | FMI

The future of drug discovery is in the cloud. A new report reveals the global Cloud-Based Drug Discovery Platform Market is poised for rapid growth, with a projected Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The market, currently valued at USD 2,424.33 million in 2022, is expected to reach a staggering USD 7,529.59 million by 2032.

The realm of drug discovery platforms, serving as epicenters for research and development in the pharmaceutical landscape, is undergoing a revolutionary shift towards the integration of digital technologies. Among these transformative trends, cloud-based drug discovery platforms are emerging as key players, enabling the storage of vast datasets conveniently and cost-effectively.

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The benefits of cloud-based drug discovery platforms are enormous, and this is one of the key factors why it is gaining traction among end-users. This platform helps customers overcome many challenges by leveraging a network of web and mobile-accessible applications. It provides secure and collaborative project management and the ability to share project information. Moreover, the cloud-based drug discovery platform is flexible to offer end-users to customize it according to their projects.

Currently, cloud-based drug discovery platforms is witnessing a period of technological advancement, as innovative features, such as publishing and sharing services are being offered to users. Cloud-based drug discovery platform is accessible through computers, notebooks, and mobiles, and it is secure and can be maintained by a third party as well. Owing to all these factors, the cloud-based drug discovery platform market is anticipated to grow at a significant rate in terms of value.

Cloud-Based Drug Discovery Platform Market Dynamics

Data management is a critical issue for the pharmaceutical industry. The pharmaceutical industry is rapidly restructuring its discovery business model to completely networked and integrated research and development to manage the huge data it generates. Storing this data on the cloud not only offers cost savings but also improved accessibility.

Graphical representation, a dynamic and quick form of getting results, helps in decision-making at a management level. Keeping the needs of consumers in mind, key players in the cloud-based drug discovery platform are offering flexible, cost-effective, and highly secure cloud-based storage options to consumers. Cloud-based drug discovery platform runs at zero lag time, saving time and giving real-time access to users. This is another reason for the growing adoption of cloud-based drug discovery platforms globally.

Confidentiality and privacy issues continue to impede the growth of the cloud-based drug discovery platform market. Although many improvements have been made in the recent past, cyber hacks continue to create apprehension among many pharma players, leading to stifled adoption.

North America, Japan, and Western Europe regions are some of the key players in the Global Cloud Based Drug Discovery Platform Industry. Many pharma companies based in these regions have already adopted cloud-based drug discovery platform, and it is anticipated that in the future, more companies will follow suit. The growth of the market in Asia Pacific excluding Japan (APEJ) is expected to gain momentum during the forecast period 2016-2026.

Cloud-Based Drug Discovery Platform Market Key Players:

Some of the key players operating in the Global Cloud Based Drug Discovery Platform Industry IBM Corp, Accenture PLC, BioXcel Corporation, Cloud Pharmaceuticals, Inc., WuXi AppTec (Shanghai) Co., Ltd., Dassault Systemes BIOVIA Ltd.

The report covers an exhaustive analysis on:

Global Cloud-Based Drug Discovery Platform Market Segments
Global Cloud-Based Drug Discovery Platform Market Dynamics
Historical Actual Market Size, 2013 – 2015
Global Cloud-Based Drug Discovery Platform Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Global Cloud-Based Drug Discovery Platform Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Global Cloud Based Drug Discovery Platform Industry Drivers and Restraints

Regional analysis for the Cloud-Based Drug Discovery Platform Market includes

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic 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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Cloud-Based Drug Discovery Platform Market Segmentation

Based on the types of services

infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)

Geographically, the global cloud-based drug discovery market is segmented into

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

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

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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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Cell Therapy Manufacturing Market is predicted to reach USD 15.6 Billion by 2033 at an astounding 14.2% CAGR | FMI Study

The future of medicine is being shaped by groundbreaking cell therapies, and the market for manufacturing these life-changing treatments is booming. The global Cell Therapy Manufacturing Market is poised for substantial expansion, with a projected value of USD 4,134.48 million in 2023. This dynamic market is expected to sustain an impressive Compound Annual Growth Rate (CAGR) of 14.2% from 2023 to 2033, ultimately reaching an estimated worth of USD 15,634.67 million by 2033.

Cell therapies find widespread application in the treatment of viral infections, cancer, hemoglobinopathies, and hereditary immunological disorders. The advent of reagents and closed-system automated equipment for cellular therapy production is a direct outcome of the escalating research activities in this field.

A decentralized manufacturing model for clinical trials in cell therapies, encompassing multiple sites, is gaining favor on a global scale. Such approaches advocate patient treatment using cells produced by automated equipment at each participating center, all under the umbrella of a single, centrally managed investigational new drug application (IND).

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Many academic centers are nowadays investing in the development of such automated devices for point-of-care manufacturing and engagement in decentralized multi-center Clinical Trials. The global cell therapy manufacturing market would thus observe a boom in the next decade. Besides, the introduction of novel therapies licensed by regulatory bodies for targeted therapeutic approaches would further propel the overall growth in the market during the projected period.

Key Takeaways from the Cell Therapy Manufacturing Market Study

By source, the autologous segment held a global market share of about 0% in 2021.
Based on indication, the cancer segment held nearly 0% in 2021 in the cell therapy manufacturing market.
In terms of purpose, the clinical segment accounted for around 0% of the global market share in 2021.
The injectable route of administration of cell therapies generated a global market share of around 0% in 2021.
By cell type, the hematopoietic stem cells (HSC) segment held a share of around 0% in the global cell therapy manufacturing market in 2021.
By end use, the hospital settings category generated a share of around 1% in 2021 in the global cell therapy manufacturing market.
China held a share of around 2% in 2021 in the East Asia cell therapy manufacturing market.

“Increasing number of research activities by key companies to reduce risks and get ready for a highly productive future are anticipated to drive the market. Besides, they are striving to develop innovative technologies that can assist investigators in automating their processes for gaining success in future,” says an analyst of Future Market Insights.

Competitive Landscape: Cell Therapy Manufacturing Market

Key players in the cell therapy manufacturing market are focusing on R&D activities to initiate regenerative medicine manufacturing. Moreover, they are promoting commercial manufacturing for their clients by offering novel solutions to cell therapy developers.

For instance,

In March 2022, Thermo Fisher Scientific presented a new large-volume electroporation system, the purpose of which is to simplify cell therapy development. The company aims to simplify the transition from clinical development to commercial manufacturing among Cell Therapy Developers.
Charles River Laboratories’ Memphis plant became the first CDMO in North America to manufacture commercial allogeneic cell therapies after receiving European Medicines Agency (EMA) approval in August 2022.

Get Exclusive Insights on the Cell Therapy Manufacturing Market

Future Market Insights offers a unique perspective and actionable insights on the cell therapy manufacturing market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global cell therapy manufacturing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Cell Therapy Manufacturing Market Key Players:

Merck KGaA
Avantor, Inc.
Cell Therapies Pty Ltd
Thermo Fisher Scientific
Charles River Laboratories
Catalent, Inc
Bio-Techne
Cytiva
Lonza
The Discovery Labs
BIOCENTRIQ
FUJIFILM Diosynth Biotechnologies
Novartis AG
Bristol-Myers Squibb Company
Gilead Sciences, Inc.
WuXi AppTec.
OXGENE
Pharmaron
Aldevron
FLODESIGN SONICS
Exothera

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Key Segments Covered in the Cell Therapy Manufacturing Market

By Source:

Autologous
Allogenic

By Indication:

HIV
Autoimmune Disorders
Immune Deficiencies
Cancer
Neurological Disorders

By Manufacturing Purpose:

Clinical
Commercial
Pre-clinical

By Route of Administration:

Topical
Injectable
Infusion
Implantable Bio-Scaffold

By Cell Type:

Hematopoietic (Blood-Forming) Stem Cells (HSC)
Skeletal Muscle Stem Cells
Mesenchymal Stem Cells
Lymphocytes
Dendritic Cells
Pancreatic Islet Cells
CAR-T Cells

By End User:

Hospital Settings
Intensive Outpatient Treatment Centers
Academic and Research Institutes
Specialty Clinics

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 Point Of Care Diagnostics Market is expected to reach a stunning USD 6.3 Billion by 2032, At a startling 15.4% annual growth rate

The bond between humans and pets continues to deepen, leading to a surge in pet healthcare. A groundbreaking new report by Future Market Insights (FMI) reveals that the Veterinary Point-of-Care Diagnostics Market is poised for a remarkable transformation, with sales projected to reach nearly USD 6.3 billion by 2032. This represents a significant increase compared to historical growth patterns, with a Compound Annual Growth Rate (CAGR) of 15.4%.

Key Driver: Companion Animal Healthcare on the Rise

FMI’s analysis highlights companion animals, particularly dogs, cats, and birds, as the primary drivers of this market growth. The increasing adoption of pets and rising disposable income allocated towards companion animal care are creating a strong demand for rapid and convenient diagnostic solutions. This trend is expected to present a potential revenue opportunity of nearly US$3.1 billion over the next decade, signifying a substantial market expansion.

Undoubtedly, the veterinary industry faced formidable challenges in the initial half of 2020, navigating the complexities introduced by government actions such as stay-at-home recommendations and social distancing procedures. Swift adaptation became imperative for market participants who responded by altering, reducing, or temporarily halting their operational activities. Veterinary clinics and hospitals reported lower patient volumes across various regions, with some establishments strategically focusing exclusively on emergency cases during this period.

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Owners of animals, on the other hand, continued to receive veterinary care because it was widely regarded as an “important” service. The blood/plasma/serum category, which accounted for more than 40.0 percent of total revenue, is expected to drive market growth. Regular blood testing is recommended by Kirkwood Animal Hospital in the United States as an important part of a companion animal’s overall wellness regimen. Blood tests are less expensive and less invasive than medical treatment.

Dogs and cats dominate the pet population in the United States, according to the American Pet Products Association’s National Pet Owners Survey for 2019 to 2020. (APPA). Americans are expected to spend more than $100 billion on pets by 2020. It is estimated that 31.4 billion US dollars were spent solely on veterinary care and product sales. According to the APPA survey, dog and cat owners spent an average of $426 and 214 on surgical vet visits, respectively, and 212 and 160 on routine vet visits.

Key Takeaways from the Veterinary Point Of Care Diagnostics Market Study

The global veterinary point-of-care diagnostics market is expected to reach US$6.3 billion by 2032.
North America is expected to contribute more than 30% of market revenue in 2022.
Companion animals are expected to contribute the most revenue with a CAGR of 15.5%.
The Consumables, Reagents, and Kits segment is expected to grow at the fastest rate, with a 15.8% CAGR.

Veterinary Point Of Care Diagnostics Market Competitive Landscape

This market is dominated by some regional and global players. Companies employ a variety of strategies to remain competitive.

Heska Corp. announced the acquisition of Scil Animal Care Company GmbH, a provider of veterinary point-of-care diagnostics, in April 2020.
IDEXX Laboratories announced the release of a canine Progesterone Test for the Catalyst One Chemistry and Catalyst Dx Analyzers in 2019.
Fujifilm Sonosite announced a partnership with Partners Healthcare in 2019.
Stablelab, a compact point-of-care blood test for horses, was introduced by Zoetis Inc. in 2019.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Veterinary Point Of Care Diagnostics Industry, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032. The study reveals essential insights based on end-users across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Future Market Insights’ Domain Knowledge in Healthcare Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Healthcare domain team at Future Market Insights help clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the Healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

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Segments Covered In Veterinary Point Of Care Diagnostics Market Analysis

By Animal Type:

Companion Animals
- Dogs
- Cats
- Horses
- Other Companion Animals
Livestock Animals
- Cattle
- Swine
- Poultry
- Other Livestock Animals

By Product Type:

Consumables, Reagents, & Kits
Instruments & Devices

By Sample Type:

Blood/Plasma/Serum
Urine
Fecal
Other Sample Type

By Testing Type:

Hematology
Diagnostic Imaging
Bacteriology
Virology
Cytology
Clinical Chemistry
Parasitology
Serology
Other Testing Type

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 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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IoT in Healthcare Market is expected to grow at an 18.0% CAGR and reach USD 952.3 Billion by 2032 | FMI Study

The healthcare industry is undergoing a digital revolution, with the Internet of Things (IoT) at its core. The IoT in Healthcare Market is experiencing explosive growth, reaching a staggering USD 181.4 billion in sales in 2022. This momentum is expected to propel the market to a remarkable USD 952.3 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 18.0%.

This phenomenal growth is driven by the increasing global emphasis on self-health management, exemplified by the widespread adoption of wearable medical devices for continuous health monitoring. Notably, Eversense and Dexcom have secured FDA certification for their innovative glucose monitoring devices, capable of monitoring sugar levels for extended periods, up to three months.

In addition, the introduction of the Zoll LifeVest 4000, a wearable defibrillator, is set to revolutionize arrhythmia monitoring for individuals of all ages, offering the crucial capability to diagnose sudden cardiac arrest. These advancements underscore the transformative impact of IoT technology in healthcare and its potential to improve lives worldwide.

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AI, ML, and NLP are also helping to analyze patients’ health issues. However, the inherent security dangers associated with IoT in healthcare must not be overlooked, as they may stymie business expansion. Future Industry Insights’ recent industry analysis, named ‘IoT in Healthcare Industry,’ provides insights into these variables.

Key Takeaways from IoT in Healthcare Market

North America has a sizable market share. This could be explained by a growing emphasis on health management throughout the United States.
Europe is likewise predicted to develop linearly, with the United Kingdom and France leading the way. This may be due to increased demand for telemedicine, mHealth, and EHRs (electronic health records).
The Asia-Pacific region is predicted to grow at the fastest rate in the IoT in healthcare market, led by South Korea, India, and China.
With countries focusing more on upgrading healthcare systems, LATAM is projected to pick up speed in the future. For example, in February 2020, many Brazilian ministries established a collaboration to integrate IoT systems in the healthcare sector.

IoT in Healthcare Market Competitive Landscape

Microsoft Corporation announced in October 2020 that it had entered into a strategic relationship with ZEISS Group to improve patient care through data-driven healthcare solutions. The primary goal is to improve device management, treatment, and clinical workflow by utilizing a revolutionary digitally connected approach.
In May 2019, General Electric Company teamed with NASSCOM to create and deliver digitized healthcare services and solutions in the market. The goal was to improve digital healthcare through the NASSCOM CoE-IoT (Centre of Excellence-Internet of Things) platform.
Medtronic, in January 2019, partnered with IBM Watson to provide IQcast. It’s a new-fangled feature of the existing product ‘Sugar. IQ’ for iOS mobile devices all across the US. This software claims to make available a hypoglycemic episode to patients for monitoring the low glucose level. It does work by predicting occurrence 1-4 hours prior.
Spencer Health Solutions and Royal Philips, in April 2019, started working towards the expansion of their rapport for providing chronically ill patients in select EU nations with an in-home adherence to medication on the Philips telehealth platform.

“Connected devices are penetrating the healthcare vertical at an alarming rate. This factor is bound to take the IoT in healthcare market by storm in the forecast period”, says an analyst from Future Market Insights.

IoT in Healthcare Market Key Players:

Apple Inc.
Cisco Systems Inc.
GE Healthcare Ltd.
Google (Alphabet)
International Business Machines Corporation
Medtronic PLC
Microsoft Corporation
Proteus Digital Health
Koninklijke Philips N.V.
QUALCOMM Incorporated
Abbot Laboratories

What is the IoT in Healthcare Market Report up to?

Future Market Insights offers an exclusive perspective and various real-time insights on the IoT in the Healthcare Industry in its latest study, presenting a historical demand assessment of 2016 to 2021 and projections for 2022 to 2032.
The research study is based on components (IoT in healthcare hardware (portable diagnostic devices and non-portable diagnostic devices), IoT in healthcare software, and IoT in healthcare services), by application (telemedicine, medication management, clinical operations, patient monitoring, connected imaging, and likewise), by technology (Bluetooth-based, Wi-Fi-based, NFC-based, Zigbee-based, RFID-based, and others (Cellular, Satellite, Zwave, EnOcean)), and by end-user (hospitals, pharmaceuticals, and clinics & laboratories).
Numerous developed economies are increasingly shifting their preferences to electronic health record systems. This factor is actually expected to put the IoT in healthcare Industry on the top pedestal in the forecast period.

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Key Segments Covered in the IoT in Healthcare Market Report

by Component:

IoT in Healthcare Hardware
- Portable Diagnostic Devices
- Non-Portable Diagnostic Devices
IoT in Healthcare Software
IoT in Healthcare Services

by Application:

IoT in Healthcare for Telemedicine
IoT in Healthcare for Medication Management
IoT in Healthcare for Clinical Operations
IoT in Healthcare for Patient Monitoring
IoT in Healthcare for Connected Imaging
Other IoT in Healthcare Applications

by Technology:

Bluetooth-based IoT in Healthcare
Wi-Fi-based IoT in Healthcare
NFC-based IoT in Healthcare
Zigbee-based IoT in Healthcare
RFID-based IoT in Healthcare
Other IoT in Healthcare Technologies (Cellular, Satellite, Zwave, EnOcean)

by End User:

IoT in Healthcare across Hospitals
IoT in Healthcare across Pharmaceuticals
IoT in Healthcare across Clinics & Laboratories

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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Cellulite Treatment Market Expected to Expand Smoothly at a 7.2% CAGR and Reach USD 7.37 Billion by 2034 | FMI Study

The quest for smoother skin is driving a surge in the Cellulite Treatment Market. This market, currently valued at USD 3.67 billion in 2024, is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% over the next decade. This translates to an impressive market valuation exceeding USD 7.37 billion by 2034.

The driving force behind this remarkable expansion lies in the global obesity epidemic, predominantly fueled by unhealthy dietary practices and increasingly sedentary lifestyles. As individuals grapple with the consequences of modern living, the demand for effective cellulite treatment solutions is anticipated to skyrocket in the coming decade.

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Hard Cellulite is Predicted to Hold an Attractive Market Share shortly

One major driver behind the growth of the cellulite treatment Industry is the increasing number of obese population. There is also an increased number of cases of fat deposition. The people who are comparatively overweight mostly face this problem, in turn triggering the demand for cellulite treatment. These cases have helped people grow aware of cosmetic surgeries and have also broadened the scope of these surgeries in the market. There’s a significant rise in aesthetic procedures taking place worldwide.

Especially in Brazil, where around 5,500 cosmetic surgeons were performing the second highest number of aesthetic procedures after the U.S. Around 1,450,020 minimally invasive and non-surgical procedures were performed in Brazil in 2016. Among different types of cellulite, hard cellulite is expected to register a growth rate of around 7.8% during 2022-2028, which is higher than other cellulite types.

North America Slated for Strongest Projections in the Global Cellulite Treatment Industry

Among the major regional divisions made for the research conducted on the global cellulite treatment Industry, North America shows the strongest prospects with an expected market value of over US$ 2,100 Mn by the end of 2028, growing at an impressive CAGR of 8.1% during the forecast period. The growth is helped by North America’s moderate economy and healthcare market.

Also, in the U.S., a large base of the population, especially youngsters, suffer from fat deposition-related disorders. The region is also ahead of other regions due to its developed economy and advanced facilities. The cellulite treatment involves advanced techniques which are also costly for people to afford. This makes the market more prominent in developed regions like North America.

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Key Segments of Cellulite Treatment Market Survey

by Treatment Procedure:

Non-Invasive Cellulite Treatment
Minimally Invasive Cellulite Treatment
Topical Cellulite Treatment

by Cellulite:

Soft Cellulite
Hard Cellulite
Edematous Cellulite

by End User:

Cellulite Treatment in Hospitals
Cellulite Treatment in Ambulatory Surgical Centres
Cellulite Treatment in Specialized Dermatology Clinics

by Region:

North America Cellulite Treatment Market
Latin America Cellulite Treatment Industry
Europe Cellulite Treatment Market
East Asia Cellulite Treatment Industry
South Asia & Pacific Cellulite Treatment Market
Middle East & Africa (MEA) Cellulite Treatment Industry

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 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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FMI Study Affirms Global Dishwashing Parts and Accessories Market Share to Reach USD 2.7 Billion Mark by 2033, Driving 4.9% CAGR Growth

Global dishwashing parts and accessories market to reach a valuation of USD 1.7 billion in 2023. Future Market Insights reports say that the market is expected to grow at a 4.9% CAGR from 2023 to 2033, anticipated to be valued at USD 2.7 billion by the end of 2033.

Consumers were liable for reconsideration of their priorities, by adjusting their buying patterns and developing new habits. Consumers are boosting their process of buying dishwashers parts and accessories from departmental stores with a motive to get more discounts and a better product. Dishwasher parts and accessories have had products like dishwasher racks, spray arms, filters, detergent dispensers etc, as the pandemic had a bad impact on their purchasing pattern as people were not allowed to step out of their houses, even if their dishwashers were not working properly consumers had to help themselves by repairing the parts of dishwashers all by themselves or wait till the time the situation could bit normalize.

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Dishwashers accessories market is increasing more due to various growth drivers, for example, the need to use more dishwashers or dishwasher products as it makes the lives easy for a single-handed person. Rise in the dishwasher parts market is also found due to a rise in disposable income of the people leading to buying more dishwashers from the market, leading to a rise in the number of smart homes.

Key Takeaways from the Market Study:

Sales of the global dishwashing parts and accessories market expanded at a CAGR of 3.6% from 2018 to 2022.
The United States market for global dishwashing parts and accessories market is likely to have a share of 57%.
The Japanese market for the global dishwashing parts and accessories market is likely to have a share of 21%.
Asia Pacific is estimated to grow at a share of 3.3% in the global dishwashing parts and accessories market.
North America is estimated to grow at a CAGR of 4.2% in the global dishwashing parts and accessories market.
Departmental stores are said to hold a lucrative position in the market.
Departmental stores share 36% of the market position.
Dishwasher racks are said to hold a dominant position in the market.
Dishwasher racks share 24% of the position of the market.

Competitive Landscape

Some of the prominent players in the global market are-

Whirlpool Corporation
Electrolux AB
General Electric Company
Bosch Home Appliances
Miele & Cie. KG
LG Electronics Inc.
Samsung Electronics Co., Ltd.
KitchenAid
Siemens AG
Viking Range, LLC

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Some of the important developments of the key players in the market are:

In September 2022, GE Appliances introduced a dishwasher with innovative technology namely, Ultra Fresh System that helps to prevent the growth of bacteria by using antimicrobial technology.
In May 2023, KitchenAid® cookware is a winner of this year’s iF DESIGN AWARD, the world-renowned design prize. The three winning products, manufactured under license by Meyer Corporation, U.S. – the KitchenAid Enameled Cast Iron 12″ Skillet, the KitchenAid Enameled Cast Iron 6 Qt. Covered Dutch Oven, and the KitchenAid 1.9 Qt. Stainless Steel Whistling Teakettle – won in the Product discipline, and in the Household/Tableware category.
In May 2023, Samsung announced its 2023 Smart Monitor lineup. The new Samsung M8, M7, and M5 Smart Monitors (M80C, M70C, M50C) allow users to tailor their monitor to their unique style and needs, as they watch, play, and work. The 2023 lineup includes the next generation of the award-winning Smart Monitor M8 in 32-inch and a new 27-inch screen size, available in four stylish color options.

Key Segments Profiled in the Market:

By Country:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

By Product Type:

Dishwasher Racks
Spray Arms
Filters
Detergent Dispensers
Silverware Baskets
Drain Pumps
Heating Elements
Control Panels
Gaskets and Seals
Others

By Distribution Channel:

Online Retailers
Specialty Stores
Departmental Stores
Home Improvement Stores
Others

By End-user:

Residential
Commercial
Hotels
Restaurants
Cafeterias

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Cotton Candy Machines Market Revenue Forecasted to Exceed USD 170.4 Billion Milestone by 2033, Growing Steadily 4.62% CAGR

The global cotton candy machines market is worth USD 108.4 Billion as of now and is expected to reach USD 170.4 Billion by the year 2033 at a CAGR of 4.62% between 2023 and 2033.

The ongoing trend is that of sugar-free candies due to consumers getting more health-conscious. As such, low-sugar chocolates are in the offing. With greater mouthfeel and better appearance all through, the global cotton candy machines market is slated to grow on an exceptional note in the forecast period.

At the same time, the fact that there are higher costs related to installation processes and maintenance costs can’t be ignored. This factor could restrain the cotton candy machines market going forward.

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Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Cotton Candy Machines Market’. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With greater demand for cotton candies, the market players are go ing for technologically upgraded machines”, says an analyst from Future Market Insights.

Key Takeaways from Cotton Candy Machines Market:

North America holds the largest market share, with the United States witnessing an exorbitant demand for cotton candy machines in the wake of the increasing frequency of family get-togethers, parties, and likewise.
Europe holds the second-largest market share with rising demand for premium quality and decent candies.
The Asia Pacific is expected to grow fastest in the cotton candy machines market in the forecast period, with India, Japan, and China at the forefront. Also, the market players are flooring products with new flavors like strawberry, tamarind, and raw mango to draw a greater percentage of consumers.

Competitive Cotton Candy Machines:

HARIBO, in March 2022, unleashed a series of Easter treats including Chick ‘n’ Mix and Jelly Bunnies. It did announce to bring back ‘previous favorites’ as well.
Bazooka candy Brands, in May 2022, came up with Push Pop Gummy Pop-its in three flavors, namely blue raspberry, strawberry, watermelon, and berry blast.
The other players in the cotton candy machines market include Cretors & Company, Gold Medal Products Co., Paragon International Inc., Benchmark USA Inc., The Candery, Nostalgia Products LLC, Vivo, Great Northern Popcorn Company, Olde Midway, Funtime Popcorn Company, and likewise.
Tender Food (erstwhile Boston Meats) has progressed with raising funds worth USD 12 Million for cotton candy machine technology that could be used for producing cell-cultured proteins and plant-based meat technologies.
Spinn Candy has tabled a cotton candy start-up program with the objective of constructing a cotton candy machine plant to turn out to be one of the steady buyers of a series of 50 gourmet sugars. At present, they have established eight domestic cotton candy businesses with an international business.

What does the Report state?

The research study is based on product type (tabletop, commercial-grade, and industrial-grade), distribution (online retail, offline retail, and direct sales), and end-use industry (food service and hospitality, entertainment and amusement parks, retail and supermarkets, events and parties, and likewise).
With simple mechanisms and convenience factors involved, the cotton candy machines market is likely to grow on a staggering note in the forecast period.

Key Players:

Cretors & Company
Gold Medal Products Co.
Paragon International Inc.
Benchmark USA Inc.
The Candery
Nostalgia Products LLC
Vivo (VIVOHOME)
Great Northern Popcorn Company
Olde Midway
Funtime Popcorn Company

Purchase Now to Access Segment-specific Details, Uncover Crucial Trends, Drivers, and Challenges:

Cotton Candy Machines Market Segmentation:

By Product Type:

Tabletop
Commercial-grade
Industrial-grade

By Distribution:

Online Retail
Offline Retail
Direct Sales

By End-use Industry:

Foodservice and Hospitality
Entertainment and Amusement Parks
Retail and Supermarkets
Events and Parties
Others

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East and Africa

Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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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Global Heated Shelf Food Warmers Market Revenue Projected to Exceed USD 7 Billion Milestone by 2033, Growing Steadily at 4.4% CAGR

The global heated shelf food warmers market is experiencing a period of significant growth, fueled by a growing focus on food safety and a rise in takeout dining. According to industry forecasts, the market is expected to reach a valuation of USD 7 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4.4% from 2023.

This expansion is primarily driven by stricter government regulations and heightened food safety standards within the foodservice industry. As emphasis on food safety increases globally, restaurants and other food establishments are increasingly turning to advanced heated shelf food warmers. These warmers play a critical role in maintaining optimal food temperatures, ensuring compliance with regulations, and protecting the health of consumers.

The rise in popularity of takeout and delivery services is another key factor contributing to market growth. With busy lifestyles leading to a surge in takeout and delivery orders, heated shelf food warmers offer a reliable solution for maintaining food quality and temperature during transport. This ensures a positive dining experience for takeout customers.

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Elevated Demand for Takeout and Delivery Propelling North American Heated Shelf Food Warmers Market:

Anticipate a substantial Compound Annual Growth Rate (CAGR) of 4.3% in 2023 for the heated shelf food warmers market in North America. This regional market surge is intricately linked to the burgeoning demand for takeout and delivery services. The evolving consumer predilection for these services underscores the imperative for adept food warming solutions. In this scenario, heated shelf food warmers emerge as pivotal, adeptly preserving the temperature and quality of edibles during transit. Both the United States and Canada are experiencing an upswing in the popularity of takeout and delivery, facilitated by factors like convenience and bustling routines.

Within the North American culinary landscape, ensuring food safety and upholding culinary excellence are paramount objectives for foodservice enterprises. The instrumental role of heated shelf food warmers is evident in their capacity to ensure food remains securely maintained at appropriate temperatures, thus mitigating the specter of bacterial proliferation while preserving taste and consistency. The stringent regulatory framework and adherence to guidelines concerning food safety in both nations further accentuate the pertinence of heated shelf food warmers, serving as not only a compliance tool but also a conduit for heightening customer contentment.

Envisaging the Trajectory of the Heated Shelf Food Warmers Market in Asia Pacific Surge in Quick-Service Restaurants (QSRs) Fueling Market Expansion:

Anticipate a robust 4.2% CAGR for the heated shelf food warmers market in Asia Pacific during 2023. This ascent finds its genesis in the rapid proliferation of quick-service restaurants (QSRs) within the region. Catalysts driving this trend encompass factors such as bustling lifestyles, convenience, and the pervasive allure of fast food options. Esteemed QSR franchises like McDonald’s, KFC, and Burger King have firmly entrenched themselves within countries like China and Japan. In these dynamic food outlets, the role of heated shelf food warmers is pivotal, ensuring edibles remain warm and delectable, facilitating swift and efficient service.

The ascendancy of food safety and hygiene as paramount concerns resonates powerfully across the Asian Pacific culinary domain, encompassing influential nations like India, China, and Japan. This collective emphasis on culinary integrity dovetails seamlessly with the function of heated shelf food warmers, as they diligently uphold edibles at temperatures that arrest potential contamination. The formidable regulatory strictures in these territories provide an additional fillip to the adoption of heated shelf food warmers, emerging as a potent conduit for fortifying food safety practices.

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Key Players Profiled in Report:

Hatco Corporation
Hobart Corporation
Middleby Corporation
Electrolux Professional
Illinois Tool Works Inc.
Welbilt Inc.
Fagor Industrial
Ali Group
Dover Corporation
Middleby Marshall Inc.

Market Segments Covered:

By Product Type:

Countertop Heated Shelf Food Warmers Market
Undercounter Heated Shelf Food Warmers Market
Freestanding Heated Shelf Food Warmers Market

By Application:

Commercial Kitchens
Restaurants
Hotels
Cafeterias
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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

Contact Us:

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

FMI Study States Global Warm Syrup and Topping Dispensers Market Forecasted to Cross USD 6.5 Billion by 2033, Growing at 4.2% CAGR

The global warm syrup and topping dispensers market anticipates robust growth, projecting a value of USD 4.5 billion in the near future. Positioned for an exciting trajectory, this market is poised for compelling expansion, fueled by an anticipated Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2033. By 2033, industry experts forecast an impressive valuation of approximately USD 6.5 billion.

Insights unveiled by Future Market Insights (FMI) unveil a transformative trend reshaping the warm syrup and topping dispensers market. This notable trend revolves around the escalating consumer preference for premium and specialty food products. In recent years, a discernible shift in consumer tastes has emerged, reflecting an increasing desire for unique, gourmet, and artisanal food items. Discerning consumers are no longer satisfied with the ordinary; instead, they actively seek high-quality ingredients, distinctive flavors, and visually appealing presentations to elevate their dining experiences.

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North America’s Sweet Streak in the Global Warm Syrup and Topping Dispensers Market:

In the realm of the global Warm Syrup and Topping Dispensers market, North America has been reigning supreme. The question on everyone’s lips is whether this dominance will persist, and what’s pouring fuel on the fiery growth? Let’s unravel the regional insights.

North America: A Delicious Market

The Warm Syrup and Topping Dispensers market in North America is on a delicious ascent, boasting a prominent Compound Annual Growth Rate (CAGR) of 4.1%. This growth can be attributed to the burgeoning breakfast and brunch culture that’s taking North America by storm.

Across the United States and Canada, the breakfast and brunch culture is thriving. The rise of breakfast-focused establishments such as cafes, diners, and brunch spots is propelling the demand for warm syrup and topping dispensers. These dispensers play a pivotal role in elevating the breakfast experience, serving up delectable items like pancakes, waffles, French toast, and oatmeal with an array of warm syrups and mouthwatering toppings.

Nourishing the Breakfast and Brunch Culture:

One of the key factors fueling North America’s dominance in the Warm Syrup and Topping Dispensers market is the robust breakfast and brunch culture. As these culinary trends gain momentum, establishments are placing a premium on serving up mouthwatering breakfast options. Warm syrup and topping dispensers have become indispensable tools in delivering the perfect breakfast experience, contributing to their surging demand.

Asia Pacific’s Palate for Western Food Trends:

While North America continues to bask in the spotlight, the Asia Pacific region is making waves in the Warm Syrup and Topping Dispensers market. With an expected CAGR of 4.0%, the region is embracing Western food trends with open arms. But what’s igniting this culinary transformation? Let’s dive in.

Asia Pacific: A Feast for Western Food Trends

In Asia Pacific, the driving force behind the growth of the Warm Syrup and Topping Dispensers market is the adoption of Western food trends. Countries like India and China are experiencing rapid urbanization, changing lifestyles, and the growth of a burgeoning middle class. These factors are driving the demand for dining out and foodservice establishments.

Warm syrup and topping dispensers are becoming essential fixtures in cafes, restaurants, and dessert parlors, enhancing the flavor and presentation of various culinary delights. As the foodservice industry continues to flourish in India and China, the demand for warm syrup and topping dispensers is set to rise.

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Key Players:

Server Products
Star Manufacturing International, Inc.
Nemco Food Equipment
Benchmark USA Inc.
Rosseto
Hatco Corporation
Zevro (Honey-Can-Do International)
Adcraft
Wilbur Curtis Co.
Bloomfield Industries

Key Segments Covered:

By Product Type:

Electric
Manual

By End User:

Foodservice Industry
Household

By Distribution Channel:

Online Retail
Offline Retail
Kitchen Stores
Department Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

Contact Us:

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

Global On-orbit Satellites Servicing Market Valuation to Surpass USD 8.8 Billion Mark by 2034, Growing at a 12.3% CAGR | FMI Study

The on-orbit satellite servicing market is expected to experience significant growth in the coming years. The market is expected to rise at a CAGR of 12.3% through 2034. The market is projected to reach a valuation of USD 8.8 billion by 2034, rising from USD 2.8 billion in 2024. Various factors drive this growth, including cost reduction, technological advancements, and sustainability efforts. Satellite operators are increasingly seeking on-orbit servicing as it helps extend the lifespan of their satellites, optimize their performance, and mitigate the risks associated with space debris.

Countries like the United Kingdom, the United States, China, South Korea, and Japan are expanding their presence in this market to capitalize on the growing demand for reliable and sustainable space operations. They leverage their technological expertise, robust aerospace industries, and supportive regulatory environments to drive the expansion in on-orbit satellite servicing. These nations are leading advancements in servicing technologies and offering innovative solutions to meet evolving market demands through strategic partnerships, investments in research and development, and participation in international collaborations.

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The demand for different types of satellite servicing fluctuates according to needs; small satellites in the on-orbit satellite servicing market are rising due to their unique operational advantages. Small satellites are being increasingly deployed to offer satellite-based services across various sectors. Active debris removal services are becoming popular to proactively remove defunct satellites, spent rocket stages, and other debris from orbit.

Some challenges pose potential constraints to market growth, such as regulatory hurdles, safety concerns, and environmental impacts. Despite these challenges, the market thrives, driven by increasing awareness, technological innovation, and the pressing need for sustainable space operations.

Collaborations between governments, commercial entities, and academic institutions play a crucial role in accelerating the adoption of on-orbit servicing technologies, ensuring the long-term sustainability of space activities.

“Technological advancements and sustainability initiatives present opportunities for companies to offer advanced maintenance, repair, and upgrade services. The trend toward satellite miniaturization and small satellite constellations also opens up scalable and cost-effective servicing solutions for industry players,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study:

Active debris removal (ADR) and orbit adjustment services are poised to significantly influence the on-orbit satellite servicing market, which is expected to rise at a CAGR of 11.8% from 2024 to 2034.
The market is projected to experience a robust upsurge propelled by small satellites, exhibiting a CAGR of 12.1% until 2034.
The on-orbit satellite servicing market in South Korea has the potential to increase at a 14.1% CAGR through 2034.
The on-orbit satellite servicing market in Japan is projected to inflate at a CAGR of 13.9% through 2034.
The on-orbit satellite servicing market in the United Kingdom is predicted to rise at a 13.6% CAGR through 2034.
On-orbit satellite servicing in China is anticipated to develop at a CAGR of 12.9% through 2034.
On-orbit satellite servicing in the United States is estimated to rise at a whopping 12.5% CAGR through 2034.

Competitive Landscape

Leading on-orbit satellite servicing companies are expanding their global presence by forming strategic partnerships, developing advanced technologies, and penetrating new markets. They are collaborating with international space agencies, satellite operators, and industry stakeholders to extend their reach across geographies.

Major companies also invest in research and development to enhance their servicing capabilities, focusing on improving robotics, automation, and artificial intelligence. By leveraging their expertise and resources, they aim to meet the diverse needs of customers, comply with regulatory requirements, and take advantage of emerging opportunities in the dynamic space industry.

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Top Key Players in the On-orbit Satellites Servicing Market

Maxar Technologies
Astroscale Holdings Inc.
SpaceLogistics LLC
Airbus SE
Thales Alenia Space

Market Segmentation:

By Type:

Small Satellites
Medium Satellites
Large Satellites

By Service:

Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refueling
Assembly

By End User:

Military and Government
Commercial

By Region:

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

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube