Global Industrial Absorbent Market to Reach USD 6.5 Billion by 2034: Environmental Concerns Drive Growth

 

The market for industrial absorbents is anticipated to reach USD 6.5 billion in 2034, up from an estimated USD 4.5 billion in 2024. The industry’s compound annual growth rate is predicted to be 3.7% between 2024 and 2034. The need for industrial absorbents is being driven by the widening range of industries, such as manufacturing, oil and gas, chemicals, automotive, and healthcare.

These sectors require effective spill management solutions to address spills, leaks, and drips occurring during various stages such as production, transportation, and storage. This increasing demand is propelling the growth of the industrial absorbents market.

Rising environmental concerns and a growing imperative for businesses to monitor their environmental impact are expected to drive the global industrial absorbents industry forward in the coming years. The demand for eco-friendly, high-performance absorbent materials is anticipated to fuel innovation and shape the future of spill management solutions across various sectors worldwide.

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The global surge in oil and gas consumption has necessitated a significant increase in production to meet demand, raising the likelihood of oil spills during extraction activities. To safeguard both individuals and the environment from these risks, industrial absorbents are extensively utilized. There has been a notable uptick in the demand for industrial absorbents.

The projected rise in the adoption of industrial absorbents within the oil and gas sector presents manufacturers with a prime opportunity to innovate and create absorbent materials that offer both effectiveness and affordability. The exploration of new crude oil and natural gas reservoirs further amplifies the business prospects for industrial absorbent manufacturers worldwide.

Key Takeaways from the Industry Study

  • From 2019 to 2023, the industrial absorbent market expanded at a CAGR of 5.7%.
  • Based on the type, the organic segment is expected to rise at a CAGR of 3.5% from 2024 to 2034.
  • The industrial absorbent demand in China is predicted to grow at a CAGR of 4.0% through 2034.
  • In the United States, the industrial absorbent industry is estimated to register a CAGR of 3.9% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 4.6% between 2024 and 2034.
  • The industrial absorbent market in Japan is anticipated to record a CAGR of 4.4% during 2034.

The stringent environmental regulations, which mandate the use of effective spill control measures and growing emphasis on workplace safety propelling the growth of the industrial absorbent market,” says Analyst at Future Market Insights, Inc.

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Competitive Landscape

Key players in the global industrial absorbent market are strategically prioritizing collaboration, expansion, and the introduction of innovative products. The market players expanding market presence by entering new geographical regions or strengthening existing footholds through acquisitions, mergers, or partnerships.

  • In January 2023, ANSELL Ltd. unveiled a partnership with Vizient, Inc., focusing on room turnover essentials. Under this collaboration, Vizient members gain access to discounted rates on an extensive array of room turnover items, including absorbent floor pads, disposable linens, mops, waste bags, patient positioning straps, and turnover packs.
  • Decorus Europe offers a range of industrial absorbent products, including pads, socks, and pillows, designed to meet the spill containment and cleanup needs of various industries.
  • Meltblown Technologies Inc. produces absorbent materials using advanced manufacturing processes, offering efficient solutions for spill response and environmental protection.

Key Players in the Industrial Absorbent Market

  • Kimberly-Clark Worldwide Inc.
  • 3M
  • Johnson Matthey
  • ANSELL LTD
  • Brady Worldwide Inc.
  • Monarch Green Inc.
  • Decorus Europe
  • Meltblown Technologies Inc.
  • TOLSA
  • UES Promura

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Industrial Absorbent Market Segmentation

By Type:

  • Organic
  • Inorganic
  • Synthetic

By Material:

  • Clay
  • Diatomaceous Earth
  • Cellulose
  • Polypropylene
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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Vinyl Ester Market to Soar: Expected CAGR of 6.4% Through 2034 Driven by Construction Boom in Developing Economies

 

The vinyl ester market size is likely to be worth USD 1.4 billion in 2024. The demand for vinyl ester is projected to spike at a CAGR of 6.4% through 2034. The industry is likely to surpass USD 2.6 billion by 2034. The vinyl ester industry is propelled by its exceptional corrosion resistance properties, making it a preferred choice in various applications such as chemical processing, marine, and construction.

The increasing demand for lightweight and durable materials in industries like automotive and aerospace further drives the growth of vinyl ester usage. Moreover, the rising focus on environmental sustainability has shifted towards bio-based vinyl esters, contributing to market expansion.

The vinyl ester manufacturers face challenges such as volatility in raw material prices, particularly in the petrochemical sector. Additionally, stringent environmental regulations regarding emissions and waste disposal pose compliance challenges for manufacturers. Moreover, the limited availability of skilled labor and expertise in handling vinyl ester materials hampers market growth in certain regions.

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Recent trends in the vinyl ester industry include the adoption of bio-based and sustainable formulations to meet eco-friendly regulations and consumer preferences. Additionally, advancements in manufacturing technologies, such as resin infusion processes and 3D printing, enable the production of complex and lightweight structures with improved performance characteristics. Furthermore, collaborations and partnerships among key players to develop novel vinyl ester composites for niche applications signify a growing focus on innovation and market diversification.

“The vinyl ester industry presents significant opportunities for growth, particularly in emerging economies where infrastructural development is on the rise. Rapid urbanization and industrialization drive the demand for vinyl ester-based products in construction, water treatment, and automotive sectors.” – says Analyst at Future Market Insights, Inc.)

Key Takeaways from the Vinyl Ester Market

  • The vinyl ester industry in the United States is expected to grow steadily at a CAGR of 6.6% through 2034.
  • The vinyl ester industry in the United Kingdom is forecasted to grow robustly at a CAGR of 7.6% through 2034.
  • China’s vinyl ester industry is poised for significant expansion with a projected CAGR of 6.8% through 2034.
  • Japan’s vinyl ester industry is expected to experience robust growth with a projected CAGR of 7.8% through 2034.
  • The vinyl ester industry in South Korea is anticipated to rise steadily at a CAGR of 7.5% through 2034.
  • Bisphenol A Diglycidyl Ether (DGEBA) segment is likely to expand at a CAGR of 6.2% through 2034.
  • The airborne segment is anticipated to witness expansion at a CAGR of 5.4% through 2034.

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Competitive Landscape of the Vinyl Ester Market

In the competitive vinyl ester market, several key players vie for market share dominance through product innovation, strategic partnerships, and expansion initiatives. These industry giants continuously invest in research and development to introduce advanced vinyl ester formulations that cater to diverse industrial applications, including construction, marine, and automotive sectors.

Amidst intensifying competition, market players focus on strengthening their foothold in emerging regions such as Asia Pacific and Latin America, where increasing industrialization and infrastructural development offer lucrative growth opportunities. By forging partnerships with local distributors and suppliers, key players aim to penetrate new markets and capitalize on the growing demand for vinyl ester products across various end-user industries.

Technological advancements and growing environmental concerns propel market players to develop eco-friendly and sustainable vinyl ester formulations. Companies prioritize the development of bio-based resins and recyclable materials to address sustainability goals and meet stringent regulatory standards. Additionally, investments in efficient manufacturing processes and supply chain optimization contribute to cost reduction and enhance market competitiveness.

Recent Developments in the Vinyl Ester Market

  • Reichhold has announced DION® 31040-00, a new vinyl ester resin optimized for high-performance maritime, industrial, and transportation applications. The resin has excellent mechanical qualities, corrosion resistance, and little shrinkage.
  • Allnex has introduced a new vinyl ester resin, VIAPAL® VUP 9736, designed specifically to fabricate fiber-reinforced plastic (FRP) pipes and tanks.
  • Scott Bader has created a new vinyl ester resin, Crystic® VE 6790PA, that is pre-accelerated for spray-up and hand lay-up. The resin exhibits strong reactivity, minimal styrene emission, and excellent wetting qualities.
  • Ashland Global Holdings has agreed to sell its composites business, which includes vinyl ester resins, to INEOS Enterprises for US$ 1.1 billion. The deal is scheduled to conclude at the end of the first quarter of 2024.
  • Aristech Inc. has purchased AOCifi, a Chinese firm that manufactures vinyl ester resins and other specialty chemicals. The purchase will boost Aristech’s footprint and capabilities in Asia Pacific.

Key Companies in the Market

  • Polynt
  • Swancor
  • Reichhold LLC 2
  • AOC, LLC.
  • DIC Corporation

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Key Segmentation

By Type:

  • Bisphenol A Diglycidyl Ether (DGEBA)
  • Epoxy Phenol Novolac (EPN)
  • Brominated Fire Retardant
  • Others

By Application:

  • Pipes & Tanks
  • Paints & Coatings
  • Transportation
  • Pulp & Paper
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

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

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Innovative Processing Techniques and Expanding Applications Fuel Roll-dried Starch Market Expansion

Roll-dried Starch Market
Roll-dried Starch Market

The roll-dried starch market is on an impressive growth trajectory, with its current market size estimated at around USD 834 million in 2024. According to FMI’s analysts, this burgeoning market is projected to achieve a CAGR of 4.9%, reaching a staggering USD 1,393.1 million by 2034. This substantial expansion underscores the rising prominence of roll-dried starch in various industries, driven by its unique properties and versatile applications.

Superior Performance and Versatility

The production of roll-dried starch involves a cold drying technique known as roll-drying, which preserves the integrity of the starch while offering several benefits. This method yields roll-dried starch with superior performance, increased convenience, excellent dispensability, and remarkable flexibility. These attributes make it an ideal ingredient for applications requiring fast hydration, high process tolerance, and long shelf life.

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Broad Range of Applications

Roll-dried starch is a cornerstone ingredient in the food and beverage industry, used extensively to enhance the texture, stability, and overall functionality of various food products. It finds applications in thickening sauces, improving dessert textures, and adding body to snacks and powders. Beyond the food sector, roll-dried starch is also employed in pharmaceuticals and cosmetics, further amplifying its market potential.

Market Dynamics and Drivers

The roll-dried starch market’s growth is propelled by the relentless expansion of the food and beverage industry. As consumer preferences shift towards convenient, ready-to-use products, the demand for starches, including roll-dried starch, continues to rise. The forces of globalization and urbanization are significantly impacting dietary habits, leading to an increased demand for processed foods, pharmaceuticals, and cosmetics.

Country-wise Insights

  • The roll-dried starch sector in the U.S. is experiencing remarkable growth due to the increasing demand for processed and convenience foods. Roll-dried starch plays a crucial role in enhancing the texture and functionality of these food products, making it a preferred ingredient for manufacturers.
  • As the world’s most populous nation, China presents significant opportunities for the roll-dried starch sector. The rising demand for convenient food options and the constant need to expand food production are driving the market’s growth in China.
  • The roll-dried starch market in India is poised for substantial growth, driven by increasing demand for clean-label and healthy products. The competitive nature of the Indian food sector is expected to stimulate market expansion and foster innovation.

Category-wise Insights

Food Industry Dominance: The food industry remains the primary consumer of roll-dried starch, accounting for a significant share of the market. Its applications span a wide range of food items, including baked goods, snacks, and confectionery. The versatility of roll-dried starch as a thickening, stabilizing, and binding agent makes it indispensable for food manufacturers.

Potato Starch Demand: The increasing consumer preference for organic products is driving the demand for potato starch. This trend is further fueled by the growing popularity of clean-label foods and beverages. Roll-dried potato starch is expected to see significant development, especially in the food processing sector.

Competitive Landscape

The roll-dried starch market is moderately fragmented, with key players holding significant market shares. These major companies are actively pursuing strategic expansion tactics, including mergers and acquisitions, to solidify their market position. They are also extending their distribution networks to ensure wider availability of roll-dried starch products.

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Recent Developments

Manufacturers are launching innovative roll-dried starch products with improved functionalities to cater to evolving consumer preferences. For example, some are focusing on “free-from” claims, targeting consumers with dietary restrictions. Others are capitalizing on the demand for natural and organic ingredients by highlighting the organic or natural origin of their roll-dried starch offerings.

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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Cybersecurity Insurance Market is Expected to Reach a Strong Valuation of USD 61.2 Billion by 2032 | Future Market Insights, Inc.

The cybersecurity insurance market is expected to reach USD 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial losses are expected to push the market for cybersecurity insurance to USD 61.2 Billion by the end of 2032.

Business owners regularly purchase insurance policies to keep themselves protected from a variety of unforeseen circumstances, such as natural disasters as well as lawsuits brought by unhappy customers.

Businesses are implementing insurance policies in response to the rising risk of data breaches and cybersecurity risks. The insurance type segment is expected to be dominated by standalone insurance during the forecast period.

As businesses embark on their digital journey they face new opportunities and threats in the market. In addition, companies are being held to a higher standard of governance. Moreover, society as a whole is struggling to combat the rising impact of cyber incidents, such as ransomware, which is gaining traction.  

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Key Takeaways from the Cybersecurity Insurance Market: 

  • By end user, cybersecurity insurance solutions are to be leveraged maximum by insurance providers, registering an 18% CAGR 
  • The presence of major key players and the growth of IT business in the U.S. to push the market to USD 21.3 Billion by 2032 
  • Growing telecom businesses push the Chinese market at a CAGR of 17.5% from 2022-2032. 
  • Global cybersecurity insurance market to yield an absolute value of USD 49.8 Billion 
  • The U.K. market is expected to grow at a CAGR of 17.1% during the forecast period. 

Competitive Landscape:

With the growth of cloud-based technologies and the adoption of cloud-based storage systems, the market is projected to grow in the future.  Strategic partnerships can provide a company with the potential to expand its operational capabilities. Insurers provide smart and dynamic policies that can help recover a company’s financial losses in the market. 

  • In September 2021, Microsoft announced a partnership with At-Bay, a pioneering cyber insurance company. The cyber risk that each company ensures is assessed by At-Bay through its modern approach to risk management. Customers are then given actionable insights on how to improve their security posture. Using improved policy terms and pricing to encourage the implementation of security controls has strengthened the overall security of At-Bay’s portfolio companies.  
  • In January 2022, as part of its 2023 strategy, the Asian Investment Bank (AIB) and IBM signed an agreement worth €65 million over three years to accelerate the bank’s digital transformation, meet its customer-first commitment, and accelerate its transition to hybrid cloud technologies. IBM’s technology will help AIB expand its cyber resilience and fraud detection capabilities, ensuring the high quality and safety of its digital services.

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Leading Key Players:

  • BitSight
  • Prevalent
  • RedSeal
  • SecurityScorecard
  • Cyber Indemnity Solutions
  • Allianz
  • AIG
  • Aon
  • Arthur J. Gallagher & Co
  • Travelers Insurance
  • AXA XL
  • Axis

Cybersecurity Insurance Market Segmentation:

By Component:

  • Solutions
    • Analytics platform
    • Disaster recovery and business continuity
    • Other Cybersecurity Solutions
  • Services
    • Consulting/ Advisory
    • Security awareness training
    • Others (infrastructure services, implementation, and support and maintenance)

By Insurance Coverage:

  • Data Breach
  • Data Loss
    • Denial of service and downtime
    • Ransomware attacks
    • Others (third-party data, business disruption, and social engineering)
  • Cybersecurity Liability
    • Type
    • Source/Target

By Insurance Type:

  • Packaged
  • Stand-alone

By Organization Size:

  • Large Enterprises
  • SMEs

By End User:

  • Technology Providers
    • Insurance Companies
    • Third-party administrators, brokers, and consultancies
    • Government Agencies
  • Insurance Providers
    • Financial Services
    • IT and ITES
    • Healthcare and Life Science
    • Retail and E-commerce
    • Telecom
    • Travel, tourism, and hospitality
    • Others (Education, Manufacturing, Energy and Utilities, and Government)

By Region:

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

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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.

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Seaweed Hydrocolloids Market Set for 4.9% CAGR Growth to USD 997.0 Million by 2033

The global seaweed hydrocolloids market, valued at USD 610.0 million in 2023, is poised for significant growth. Projections indicate it will reach USD 997.0 million by 2033, with an anticipated CAGR of 4.9% over the period.

Attributes Key Insights
Estimated Global Seaweed Hydrocolloid Market Size (2023E) US$ 610.0 million
Projected Seaweed Hydrocolloid Market Value (2033F) US$ 997.0 million
Value-based Seaweed Hydrocolloid Market CAGR (2023 to 2033) 4.9%

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Key Companies

Hispanagar; Cargill, Incorporated; CP Kelco; AgarGel; Algaia; Compania Espanola de Algas Marinas (CEAMSA); DuPont Nutrition & Health; Gelymar; Roko Agar; Agar Del Pacifico (Agarpac); Agarmex; INDONESIAN SEAWEED (ASTRULI); International Flavours & Fragrances Inc.

Key Countries

United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.

Competitive Landscape

The seaweed hydrocolloid market has a diverse and dynamic competitive landscape. A mix of established players and new entrants characterizes the competitive landscape of the seaweed hydrocolloid market. Key market players invest in research and development, mergers, acquisitions, and expansion activities to strengthen their market presence and offerings.

Product Launches and Key Developments-

  • International Flavors & Fragrances Inc. introduced SEAFLOUR, a nutrient-dense hydrocolloid from non-GMO red seaweed.
  • Cargill offers the industry’s most extensive portfolios of seaweed hydrocolloids, such as Aubygel, Satiagel, and Satiagum.
  • In 2023, the JRS Group acquired Algaia SA, a manufacturer and expert in seaweed extracts and hydrocolloids produced sustainably.

Key Trends

  • Increasing Popularity of Seaweed Hydrocolloids in the Food and Beverage Sector
  • Growing Consumer Awareness of the Health Benefits of Seaweed Hydrocolloids
  • Rising Demand for Seaweed Hydrocolloids Driven by Plant-Based and Vegan Diets
  • Rising Adoption of Seaweed Hydrocolloids in Cosmetics and Personal Care: Natural and Eco-Friendly Alternatives

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Seaweed Hydrocolloid Market Outlook by Category

By Type:

  • Carrageenan
  • Alginate
  • Agar

By Source:

  • Red Seaweed
  • Brown Seaweed
  • Green Seaweed

By Application:

  • Food and Beverages
    • Bakery and Confectionery
    • Meat and Poultry Products
    • Beverages
    • Dairy Products
    • Sauces and Dressing
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Animal Feed

By Function:

  • Thickener
  • Stabilizer
  • Coating Material
  • Fat Replacer
  • Gelling Agent

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

What is the current seaweed hydrocolloid market value?

In 2023, the market value of seaweed hydrocolloids is estimated to be US$ 610.0 million.

At what CAGR is the seaweed hydrocolloid market expected to expand?

The seaweed hydrocolloid market is estimated to surge at a 4.9% CAGR through 2033.

How big will the seaweed hydrocolloid market be in 2033?

The market for seaweed hydrocolloids is set to reach US$ 997.0 million in 2033.

Which country will exhibit a robust CAGR through 2033?

China is projected to rise at a CAGR of 6.4%.

Which seaweed type dominates the market?

Carrageenan dominated the market with a share of 38%.

Which region is estimated to witness impressive growth?

Thriving at a 6.2% CAGR, Japan is estimated to witness robust growth.

Who are the key players in the seaweed hydrocolloid market?

Key players include Cargill, International Flavors & Fragrances Inc., Hispanagar, and CP Kelco.

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.
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T: +1-845-579-5705
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According to FMI Cloud Encryption Market Size, Forecast, Analysis & Share Surpass USD 45.6 Billion | 2033, At 30.8% CAGR

The global cloud encryption market is anticipated to expand at a prolific CAGR of 30.8% from 2023 to 2033. The global market revenue is predicted to generate a revenue of USD 3.1 Billion in 2023 and is expected to surpass a valuation of USD 45.6 Billion by 2033. According to Future Market Insights’ historical analysis, the global cloud encryption market registered a robust CAGR of 27.9% between 2018 to 2022.

By adopting robust encryption and maintaining good decryption keys, enterprises can safeguard cloud data, protecting it from hackers and users with malicious intent. The cloud encryption solution segment is estimated to account for a dominant share of 59.6% in 2023. Owing to the high adoption of cloud encryption solutions among enterprises, North America is currently dominating the global market.

Cloud encryption market at present accounts for around 4.5% of the total cloud security market. Owing to technological advancements and the increase in the adoption of the cloud, cybercriminals are using sophisticated attacking tools to launch voluminous cyberattacks that disrupt businesses.

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Furthermore, organizations are rapidly focusing on enhancing cloud data encryption to mitigate cloud security challenges and privacy risks. Cloud cryptography uses encryption techniques such as symmetric encryption and asymmetric encryption to protect sensitive data stored within the cloud from unauthorized users and prevent a breach of data.

Previously, enterprises were involved in the management and maintenance of physical, on-premises components which resulted in high installation and efficient management costs. It also increased the need to purchase infrastructure to store more data.

In addition to that, the rising adoption of cloud storage has propelled as there has been a significant reduction in buying, managing, and maintaining in-house storage infrastructure. Heavy dependency on technology has led to an exponential rise in cyber-attacks, and companies have started investing in encryption technology.

Cloud encryption solutions encrypt the connection between the cloud and the endpoint, providing end-to-end encryption and keeping the data private.

Key Takeaways

  • Big enterprises are rapidly adopting digital transformation to enhance the efficiency of operations. Over the past years, companies have fastened their digital transformation journeys, making cloud adoption a priority for organizations for improving productivity, growth, and sustainability.
  • Cloud adoption offers service models such as Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) that automate the business process, reduce IT overhead costs, help in scaling IT processes and improve the overall flexibility of the business process.
  • The urgency to deploy security measures designed to safeguard cloud-based infrastructure, applications and data from DDoS attacks, hackers, malware, and unauthorized user access is propelling the adoption of encryption tools.
  • By rapidly investing in powerful encryption, various companies are gaining operational safety and data security that complies with regulations. Furthermore, with the surging demand for cloud encryption software and services, the market is expected to expand at a considerable pace over the assessment period.
  • Cloud storage security is one of the most important issues in cloud computing. Companies using cloud computing for various business processes undergo challenges regarding the protection of these systems against cyber-attacks.
  • These companies employ standard encryption methods to secure their processes by encrypting data before storing it in the cloud. The encrypted data needs to be decrypted at every operation by providing private keys to the server before executing the required calculations. This affects the confidentiality of data stored in the cloud storage.
  • Homomorphic encryption has emerged as a new security concept, evident in performing operations on encrypted data without decrypting the data, which means data processing can be outsourced to a third party without relying on it to keep the data secure. The original data cannot be accessed without the correct decryption key.

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Competitive Landscape

Key market players in the global cloud encryption market are focusing on a variety of strategies, including research and development and investments to support future technologies. In addition to this, players are pursuing inorganic growth strategies such as acquisitions and partnerships with other companies to develop their cloud encryption to reduce the churn rate.

Key Players

  • IBM
  • Sophos Group plc
  • Thales Group
  • Skyhigh Security
  • Microsoft
  • Netskope Inc
  • Lookout
  • Cisco Systems, Inc
  • Micro Focus International plc
  • Atos
  • Hitachi Solutions, Ltd
  • Hewlett Packard Enterprise
  • NortonLifeLock
  • Trend Micro
  • TWD Industries
  • Dell Technologies
  • WinMagic

More Insights into the Cloud Encryption Market

North American region is anticipated to dominate the global cloud encryption market. The U.S.A. is expected to account for around nearly 71.5% of the North American market share by 2033. The growth of the market is attributed to the rising adoption of cloud-based solutions in the USA as they are in the process of shifting from on-premise solutions to cloud-based platforms.

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Cloud Encryption Outlook By Category

By Component:

  • Cloud Encryption Solution
  • Services
    • Professional Service
      • Support and Maintenance
      • Training and Education
      • Planning and Consulting
    • Managed services

By Service Model:

  • Infrastructure-as-a-Service (IaaS)
  • Software-as-a-Service (SaaS)
  • Platform-as-a-Service (PaaS)

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-sized Enterprises (SMEs)

By Industry:

  • BFSI
  • Healthcare
  • IT & Telecom
  • Government
  • Aerospace and Defense
  • Retail
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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Food & Beverage Industrial Disinfection and Cleaning Market Projected to Reach USD 5,549.2 Million by 2033 Amid Rising Demand for Cleaning Products

Food & Beverage Industrial Disinfection and Cleaning Market
Food & Beverage Industrial Disinfection and Cleaning Market

By 2023, it is projected that the global market size for food & beverage industrial disinfection and cleaning will be close to USD 3,270.9 million. From 2023 to 2033, it is expected to grow at a 5.4% CAGR. The worldwide market is anticipated to be valued at USD 5,549.2 million by 2033.

Growing worries have been raised in recent years about the frequency of food-borne illnesses brought on by viruses, radioactive materials, and inorganic chemicals. Around 10% of the world’s population suffers from food-borne illnesses, according to the World Health Organization.

As a result, all economies nowadays have more stringent regulatory oversight both inside and outside the food & beverage sector.

In undeveloped and developing regions of Asia, Africa, and South America, the frequency of such illnesses is especially high. As a result, governments in these regions are working hard to implement suitable food testing and disinfection processes for food safety.

Due to these developments, the market for disinfectants that are suitable for use on food has grown significantly over the past several years.

The food & beverage cleaning industry is experiencing growth mainly due to rising demand for food-grade disinfectants and need to prevent outbreaks of foodborne illnesses.

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There is an increased focus on reducing food waste, which has popularized the use of food-safe disinfectant sprays in several developed countries.

Cleaning and disinfecting are essential steps in the production process. If not done properly, disinfection can have negative effects. Effective cleaning is required prior to disinfection in order to remove dirt, residues, and other particulates.

Key Takeaways from Food & Beverage Industrial Disinfection and Cleaning Market Study

  • Top 3 countries in the global food & beverage industrial disinfection and cleaning market are set to hold a share of 40 to 45% in 2023.
  • In the historical period from 2018 to 2022, the global demand for food & beverage industrial disinfection and cleaning products exhibited 3% CAGR.
  • The USA food & beverage industrial disinfection and cleaning market is expected to hold around 0% of the North America.
  • Based on application, the processed food category accounted for a 5% market share in 2022.
  • In terms of product type, hydrogen peroxide showcased decent growth by generating 3% share in 2022.

“Temperature is an important factor as a few disinfectants do not function well in cold climates. The type of product being produced and processed has a key impact on the disinfectant utilized. Novel production methods to meet changing demands are set to provide a sizeable boost to manufacturers in this industry.” – Says a lead analyst.

Competitive Landscape: Food & Beverage Industrial Disinfection and Cleaning Market

To meet the needs of various markets, leading corporations are concentrating on creating novel products and expanding their manufacturing capacities both domestically and abroad. Only a few of the key firms collaborate and cooperate with other businesses to expand their product lines.

Sustainable solutions have become more and more in demand in recent years. This is a result directly of expanding environmental rules and rising worries about health risks.

The market is seeing prominent companies continue to concentrate on developing novel solutions using biodegradable goods.

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Top Key Players in the Food & Beverage Industrial Disinfection and Cleaning Market

  • Diversey Holdings, Ltd.
  • Neogen Corporation
  • Pilot Chemical Company
  • Nilfisk Food
  • Kersia Group
  • CHRISTIANS
  • Danaher Corporation
  • Solvay
  • Ecolab
  • Evonik Industries
  • BASF SE

More Insights into the Food & Beverage Industrial Disinfection and Cleaning Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global food and beverage industrial disinfection and cleaning market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type (oxidizing disinfectants, non-oxidizing disinfectants, alcohols & cleaning chemicals), process (coagulation, steam sterilization, pasteurization, carbonation, chlorination, UV process, ozonation), application (food industry, beverage industry), and region.

About Future Market Insights (FMI)

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

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Anorectal Manometry Systems Market Poised for Substantial Growth to Reach USD 138.93 Million by 2032

The global anorectal manometry systems market is experiencing significant growth, driven by the increasing demand for precise diagnostic tools to address rising cases of anorectal disorders. As of 2021, the market size for anorectal manometry systems reached an estimated USD 65.80 million and is projected to expand at a Compound Annual Growth Rate (CAGR) of 7.03%, reaching USD 138.93 million by 2032.

Anorectal manometry systems are crucial in evaluating the functionality of the rectum and anal sphincters, playing a pivotal role in diagnosing conditions such as fecal incontinence, constipation, and motility disorders. This growth is fueled by advancements in diagnostic technologies and an increasing prevalence of anorectal conditions globally.

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This highlights the significant growth potential of the anorectal manometry systems market. With the increasing awareness of anorectal disorders and the demand for improved diagnostic tools, this market is poised to witness substantial growth in the coming years.

Key takeaways from the Anorectal Manometry Systems Market include:

  • The market for anorectal manometry systems has seen growth due to an increasing prevalence of gastrointestinal disorders, greater awareness of such conditions, and advancements in medical technology. These factors have led to a higher demand for accurate diagnostic tools.
  • Anorectal manometry systems play a crucial role in diagnosing and understanding various anorectal and pelvic floor disorders. These systems provide valuable insights into the pressure and coordination of muscles in the anal and rectal regions, aiding clinicians in making accurate diagnoses and treatment decisions.
  • The market has witnessed advancements in anorectal manometry technology, including the development of more compact and user-friendly devices. These improvements have made the procedure more comfortable for patients and more efficient for medical practitioners.
  • With the progress of technology, there’s a growing trend towards non-invasive or minimally invasive diagnostic procedures. Anorectal manometry, though involving insertion of a probe, is considered minimally invasive compared to traditional methods.
  • Factors such as sedentary lifestyles, poor dietary habits, and aging populations have contributed to an increase in gastrointestinal disorders, including constipation, fecal incontinence, and irritable bowel syndrome. This has driven the demand for accurate diagnostic tools like anorectal manometry systems.
  • Anorectal manometry systems often come equipped with software that enables the analysis and visualization of pressure and muscular activity data. This integration allows clinicians to interpret results more effectively and make informed decisions about patient care.

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Top Major Players:

  • Diversatek, Inc.
  • Synectics Medical Limited
  • Medical Measurement Systems
  • Mui Scientific
  • Sandhill Scientific
  • Sierra Scientific
  • Arndorfer Medical Specialties
  • Given Imaging Ltd.
  • MD Solutions
  • MEDSPIRA
  • Albyn Medical Ltd.
  • Arndorfer Medical Specialties
  • Dentsleeve
  • Latitude
  • Medtronic plc
  • Laborie
  • The Prometheus Group

Key Segments Covered in the Anorectal Manometry Systems Market Survey:

By Product Type:

  • Anorectal Manometry Systems
  • Anorectal Manometry Systems Software
  • System Sheath & Catheters

By Modality Type:

  • Stand-Alone Systems
  • Portable Systems

By End-user:

  • Hospitals
  • Diagnostic Centres
  • Specialty Clinics

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and 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
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sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Gut Health Supplement Market to Reach USD 27,312.0 Million by 2033 | Future Market Insights Inc.

The global gut health supplement market is valued at USD 12,304.7 million in 2023 and is set to witness impressive growth during the forecast period. The market is projected to expand at a CAGR of 8.3% during the assessment period, reaching a valuation of USD 27,312.0 million in 2033.

The gut health supplement market is set to witness robust growth during the forecast period. This is attributable to the increasing consumer awareness of the importance of gut health and its impact on overall well-being.

Changing dietary patterns and the prevalence of processed foods have increased digestive issues and gut-related disorders. To address this issue, people look for natural and practical solutions to support their digestive health. This is expected to drive demand for gut health supplements.

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The rising geriatric population is also creating growth opportunities for gut health supplement manufacturers. Aged individuals often experience age-related changes in digestion and may require supplements that support gut health and nutrient absorption.

There has been an increasing interest in products like prebiotics and probiotics. This is due to growing health awareness and increasing popularity of preventive healthcare. This will play a key role in boosting the growth of the gut health supplement market.

The rise in antibiotic usage has led to a greater need for probiotics and other gut health supplements to restore and maintain a healthy microbial balance. This is anticipated to bolster sales of gut health supplements through 2033.

North America dominates the market for gut health supplements. At the same time, Asia-Pacific is anticipated to witness high demand due to key participants adopting strategies such as introducing their brands in untapped economies of Southeast Asia.

Key Takeaways from the Report: 

  • The global gut health supplement market is expected to reach a valuation of US$ 27,312.0 million in 2033
  • The market is expected to surge at a CAGR of 8.3% over the forecast period.
  • The United States is projected to reach a valuation of US$ 12,304.7 million in 2023.
  • The capsules segment is the most popular form and is expected to hold a market share of 31.0% in 2023.
  • Germany is estimated to surge at a CAGR of 7.1% during the forecast period.

“The global gut health supplement market is witnessing substantial growth due to increasing consumer awareness about the crucial role of gut health. Rising cases of digestive disorders, such as irritable bowel syndrome (IBS) and inflammatory bowel disease (IBD), are further contributing to the market growth,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Who is Winning?

Alltech, International Flavors & Fragrances (IFF), Anovite, Nestle Health Science, Pfizer Inc., Bayer AG, Procter & Gamble Co., Pendulum, Johnson & Johnson, Herbalife, Nature’s Bounty, Garden of Life, Zenwise, HealthForce, Nutricia NV, Alimentary Health Limited, Lonza Group Ltd, NOW Foods and others are the few leading gut health supplement manufacturers.

Acquisitions and mergers benefit companies by improving their product quality and expanding their market reach. Companies are launching new products to stay competitive and meet the changing consumer demands. Development of advanced gut health formulas will allow companies to attract new customers and retain existing ones while increasing their market share.

Recent developments:

  • In 2023, Acutia launched Acutia Gut Health. This daily supplement addresses indigestion and gradually improves gut health by combining L-glutamine, a prebiotic, and a postbiotic.

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Gut Health Supplement Market Segmentation by Category

By Product Type:

  • Prebiotics
  • Probiotics
  • Enzymes
  • Polyphenols
  • Others

By Form:

  • Tablet
  • Capsules
  • Liquid
  • Powder Premixes
  • Gummies/Chewable
  • Lozenges
  • Liquid and Gels

By Sales Channel:

  • Prescription Supplements (Rx)/(Institutional Sales (Hospital and Clinics))
  • Over the Counter Supplements (OTC)
    • Drug Stores and Pharmacies
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Health and wellness Stores
    • Specialty Stores
    • Departmental Stores
  • Online
    • Company Website
    • 3rd party / Mass Merchandiser

Explore FMI’s Extensive Coverage on Food & Beverage Domain:

The global probiotic supplement market size is expected to reach USD 7,524.6 million in 2024. It is projected to exhibit steady growth during the forecast period, with global demand for probiotic supplements rising at 11.2% CAGR. The market is projected to reach USD 23,874.5 million by 2034.

The global digestive health supplements market size is estimated to reach USD 17,160 million in 2023. With demand expanding at a 6% CAGR, the market size is projected to reach USD 29,648.6 million over the forecast period.

The digestive enzyme supplements market size is projected to be valued at US$ 1.9 Billion in 2023 and is expected to rise to US$ 3.5 Billion by 2033. The sales of digestive enzyme supplements are expected to grow at a significant CAGR of 6.1% during the forecast period

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Multiplex Biomarker Imaging Market Set to Surge, Projected to Reach USD 1,631.4 Million by 2034

The global multiplex biomarker imaging market is poised for substantial growth, projected to reach USD 1,631.4 million by 2034 from USD 585.0 million in 2024, marking a robust CAGR of 10.8% over the forecast period. In 2023, the industry generated USD 532.8 million in revenue, underscoring its upward trajectory.

Advancements in high throughput imaging technologies have revolutionized biomarker analysis, enabling simultaneous, precise examination of multiple biomarkers. This breakthrough enhances diagnostic accuracy, crucial for addressing complex diseases like cancer and neurological disorders, where comprehensive biomarker analysis is pivotal for developing targeted therapies.

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The shift towards personalized medicine further propels demand for sophisticated imaging tools tailored to individual patient profiles. Increased investments in biomedical research and healthcare infrastructure, coupled with strategic collaborations and partnerships, are expected to foster innovation and expand the application scope of biomarker imaging technologies.

“We are witnessing a transformative era in biomarker imaging, driven by technological innovations and a growing demand for personalized healthcare solutions,” said FMI. “The market’s trajectory reflects its critical role in advancing diagnostic capabilities and optimizing treatment outcomes.”

Key Takeaways: Multiplex Biomarker Imaging Market Growth

  • The global multiplex biomarker imaging market is expected to reach USD 1,631.4 million by 2034, growing at a CAGR of 10.8%.
  • China is projected to be the fastest growing region (CAGR 12.3%) due to rising adoption of digital pathology and telemedicine.
  • The US market will see significant growth (CAGR 10.3%) driven by AI and machine learning in image analysis.
  • Italy’s market is expected to expand at a CAGR of 10.3% due to advancements in imaging technologies.
  • North America (led by Canada) and Asia Pacific (led by China) are key growth regions.

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Competitive Landscape:

The competitive landscape of the multiplex biomarker imaging market shows moderate competition, driven by leading companies emphasizing innovation. There are promising investment opportunities in technology and service providers specializing in multiplex biomarker imaging, applied across cancer, immunology, and neurology.

Increasingly, new entrants and strategic partnerships intensify competition, advancing precision medicine through rapid developments in biomarker detection and analysis.

Industry leaders’ company websites and investor presentations are expected to highlight investment potential, aiding in addressing challenges within the multiplex biomarker imaging sector. This support is poised to enhance market share for key industry players.

Recent Industry Developments:

  • Illumina Inc. announced in May 2024 that their latest research findings will be presented at the American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, scheduled from May 31 to June 4. The presentation includes data from multiple studies conducted in collaboration with Labcorp, highlighting additional evidence supporting the advantages of comprehensive genomic profiling (CGP) over single gene testing (SGT). Illumina also showcased new data supporting the ongoing development of their molecular residual disease (MRD) assay. A total of 14 abstracts from Illumina were accepted for presentation at the conference.
  • In April 2024, Merck revealed plans to acquire Mirus Bio for USD 600 million. Based in Madison, Wisconsin, Mirus Bio specializes in developing and selling transfection reagents, such as TransIT-VirusGEN®. These reagents facilitate the delivery of genetic material into cells, crucial for producing viral vectors used in cell and gene therapies.

Leading Multiplex Biomarker Imaging Brands:

  • PerkinElmer Inc.
  • Thermo Fisher Scientific, Inc.
  • Bio-Rad Laboratories, Inc.
  • Abcam plc.
  • Merck KGaA
  • Illumina Inc.
  • Leica BiosystemsNussloch GmbH
  • Ventana Medical Systems, Inc.
  • AushonBioSystems Ltd.
  • MicroConstants, Inc.
  • ToposNomos Ltd.

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Key Segments of the Report:

By Component Type:

The multiplex biomarker imagining industry is classified into instruments (quantitative pathology imaging system, immunofluorescence, multispectral imaging system and toponome imaging system), software and services (installation and integration services and maintenance services).

By Imaging Technique:

The multiplex biomarker imagining industry is classified into Immunohistochemistry (IHC) Assay, Fluorescent in Situ Hybridization (FISH) Assay and Tissue Microarray (TMA) Assay).

By Application:

The multiplex biomarker imagining industry is classified into research and clinical diagnostics.

By End User:

The multiplex biomarker imagining industry is classified into translation laboratories, biopharmaceutical companies and academic institutes.

By Region:

Analysis of the multiplex biomarker imagining industry has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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