Global Catering Food Warmers Market Anticipated to Surge Past USD 909.4 Million by 2033, Growing at 6.3% CAGR | FMI Analysis

The catering food warmers market is positioned for significant expansion, with an expected valuation of USD 493.7 million by 2023. This upward trajectory is anticipated to continue, fueled by a compelling Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033, according to insights from FMI.

In the context of the burgeoning global catering industry, these essential table-top appliances are poised to collectively reach an impressive valuation of USD 909.4 million by 2033. Serving as integral components in both domestic and restaurant environments, catering food warmers play a crucial role in maintaining the optimal serving temperature of dishes, thereby enabling chefs and caterers to showcase their culinary creations at their finest.

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Distinguished by their portability, these catering food warmers often rely on chafing dish fuel to ensure the continuous warmth of the food. They constitute an essential aspect of efficient catering operations, allowing businesses to deliver exceptional dining experiences in a consistent and convenient manner. In a world where culinary artistry meets business acumen, catering food warmers are the unsung heroes behind every successful catering event, ensuring that each dish served is a masterpiece of taste and presentation.

The catering food warmers market is witnessing remarkable growth due to the growing use of these appliances in both homes and businesses. As the number of catering services around the world increases, the need for food warmers has gone up, leading to higher sales in the market. These versatile and effective devices play a crucial role in maintaining food at the right temperatures, ensuring its freshness and safety during various occasions, gatherings, or catering events. The expanding applications of catering food warmers across homes and industries, coupled with the rising number of catering businesses globally, are driving the demand and sales of these essential appliances.

Notable Insights from the Catering Food Warmers Market:

  • Electric warmers are projected to witness a substantial surge in demand over the coming decade, driven by their convenience and efficiency.
  • Online sales channels are expected to contribute significantly to the market’s revenue during the forecast period.
  • The U.S. accounts for around 68% of the global catering food warmers market, with an anticipated valuation of over USD 127.6 billion in 2023.
  • Asia Pacific holds an approximate 18% share of the worldwide catering food warmers market.
  • China’s catering food warmers market is predicted to grow at a CAGR of about 6.3% in the next ten years.

Competitive Landscape:

The global food warmers market exhibits high competitiveness due to the presence of numerous local and regional players. Key companies are concentrating on providing cost-effective food warmer products to cater to end-user demands.

The top five manufacturers of catering food warmers, namely Robert Bosh, Samsung Group, Prestige, Bajaj Group, and Milton, collectively hold a market share ranging from 20% to 30% in the catering food warmers’ market.

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Key Players:

  • Robert Bosch
  • Samsung Group
  • Prestige
  • LG Corporation
  • Bajaj group
  • Milton
  • Nemco
  • Megaschef
  • Philips

Catering Food Warmers Industry by Category:

By Type:

  • Electric Warmers
  • Plastic Warmers
  • Electric Steamer
  • Steel Food Warmers
  • Chocolate Food Warmers

By End Use:

  • Residential
  • Commercial

By Sales Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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.

Contact Us:

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T: +1-845-579-5705
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FMI Study Predicts Global Knife Sterilizer Market Estimated to Surpass USD 918.5 Million Revenue Share by 2033, Growing Steadily at 3.4% CAGR

The global knife sterilizer market was forecasting a valuation of USD 657.5 million by 2023 while maintaining a consistent Compound Annual Growth Rate (CAGR) of 3.4% from 2023 to 2033. This robust expansion underscores the critical role knife sterilizers play in upholding stringent public health standards. By 2033, the market is anticipated to achieve an impressive valuation of USD 918.5 million, marking a significant milestone in the collective commitment to ensuring food safety globally.

In today’s culinary landscape, the importance of knife sterilizers cannot be overstated. The persistent threat of foodborne illnesses arising from contaminated kitchen tools highlights substantial health risks. In response to this pressing concern, meticulous cleaning and sterilization of essential kitchen tools have become imperative. The escalating demand for rigorous hygiene practices has prompted individuals and industries alike to embrace various sterilization equipment, with knife sterilizers leading this crucial movement.

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Rising adoption of knife sterilizers across industrial kitchens, households, restaurants, and meat industry is a key factor driving the global knife sterilizer market.

Knife sterilizers are machines used for sterilizing various types of knives. These machines play a key role in removing pathogens from knives and thus help to reduce the chances of disease spread.

Growing prevalence of foodborne diseases along with increasing need for improving food safety across food manufacturing and processing industry will therefore continue to push the demand for knife sterilizers during the forecast period.

Key Takeaways:

  • Based on product, pasteurization holds a significant value share of the knife sterilizer market.
  • By automation, demand for automatic knife sterilizers is likely to rise at the fastest CAGR through 2033.
  • Europe is expected to hold around 40% share of the global knife sterilizer market in 2023.
  • North America is set to account for 38% of revenue share in the worldwide knife sterilizer market in 2023.
  • The U.K. knife sterilizer market is expected to grow at a moderate CAGR during the assessment period.

“Widening application of knife sterilizers across industrial kitchens and households due to growing focus towards improving food safety and reducing threat of infection spread is expected to boost the global knife sterilizer over the next ten years,” says a lead analyst at Future Market Insights.

Competitive landscape:

Top 5 manufacturers of knife sterilizers are BEAR ELECTRIC APPLIANCE, Morphy Richards, Midea, Panasonic, and Haier. Together they hold around 20% to 30% share of Knife Sterilizer Market.

Majority of the players are adopting strategies such as new product launches, mergers, partnerships, acquisitions, and collaborations to improve their revenue share.

Key Players Profiled in the Report:

  • BEAR ELECTRIC APPLIANCE
  • Morphy Richards
  • Midea
  • Panasonic
  • Haier
  • Gree
  • Micoe
  • Joyoung
  • Hangzhou ROKI Technology
  • Daewoo
  • SUPOR Small electrical appliance manufacturing company
  • ROAD
  • Hains cCo.Ltd, among others.

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Market Segmentation Analysis:

By Product:

  • UV knife Sterilizer
  • Hot Water Knife Sterilizer
  • Knife Sterilizer with Hand Wash Basin
  • UV Lamp for Knife Sterilizer
  • Immersion Heater Element for Hot Water Knife Sterilizers
  • Pasteurization
  • UHT
  • Others

By Automation:

  • Automatic
  • Semi-Automatic

By Application:

  • Industrial Kitchens
  • Butchers
  • Household
  • Commercial
  • Hospital
  • Restaurants

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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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:

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Global Automatic Cattle Waterer Market Predicted to Reach USD 975 Million Milestone by 2033, Growing at 5.7% CAGR Growth

The global automatic cattle waterer market is poised for significant expansion, targeting a noteworthy valuation of approximately USD 560 million by 2023. Positioned for remarkable growth, the market anticipates reaching a robust USD 975 million by 2033, driven by an admirable Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.

The driving force behind this upward trajectory is rooted in a critical concern within the cattle industry—the increasing occurrence of infectious disease outbreaks. These outbreaks are often linked to shifting pathogen dynamics influenced by urbanization and ongoing environmental changes. Factors such as rising temperatures leading to heat stress, extreme weather events like floods and droughts, and evolving ecosystems collectively contribute to the potential exacerbation of the spread of new diseases. In response to these challenges, the automatic cattle waterer market emerges as a pivotal solution, addressing these concerns and promoting sustainable livestock welfare practices.

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Government Regulations and Sustainability Drive Demand for Automatic Cattle Waterers:

The demand for automatic cattle waterers is intricately linked to stringent governmental regulations and the imperative for food quality assurance. Government bodies align with sustainable development objectives, and consumers are progressively attuned to the environmental repercussions of their purchasing decisions.

Advancements in Agricultural Productivity:

Notably, farmers adopting innovative practices such as the utilization of automatic cattle waterers and other livestock monitoring devices have reported elevated agricultural productivity. These technologies contribute to maintaining optimal animal conditions, resulting in enhanced livestock health. Consequently, across the global agricultural landscape, automatic cattle waterers are becoming integral tools for farmers and cattle producers to effectively manage and safeguard animal well-being.

Key Insights from the Automatic Cattle Waterer Market Analysis:

  • United States Dominance: By the year 2033, the United States is poised to lead the automatic cattle waterer market, surpassing the milestone of USD 156.8 million and commanding a substantial revenue share of over 29.6%.
  • German Market Projection: Germany is anticipated to achieve an impressive valuation exceeding USD 91.2 million in terms of automatic cattle waterer sales by 2033.
  • Market Trajectory in the United Kingdom: The United Kingdom’s market for automatic cattle waterers is projected to reach USD 87.1 million by 2033, marking its notable contribution to the global landscape.
  • Emerging Asia Pacific Growth: Throughout the forecast period, the Asia Pacific region is poised for significant growth, shaping its trajectory with a remarkable Compound Annual Growth Rate (CAGR).
  • China’s Ascendance: The automatic cattle waterer market in China is projected to surpass USD 83.7 million by 2033, reflecting the nation’s burgeoning influence within the market.
  • Japanese Market Perspective: By 2033, Japan’s market for automatic cattle waterers is expected to achieve a valuation of approximately USD 27.2 million, showcasing its notable presence in the industry.

Key Players:

  • Qingdao Tengjun Animal Husbandry Technology Co., Ltd.
  • GEA Group Aktiengesellschaft
  • Afimilk Ltd.
  • DeLaval
  • High Plains Cattle Supply
  • NINGBO JOYGEN MACHINERY CO., LTD
  • BouMatic
  • Dezhou Huaze Animal Husbandry Machinery Co., Ltd
  • Qingdao Kemiwo Industrial Technology Co., Ltd.
  • Fancom BV
  • Fullwood Packo
  • Jayna Steel

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Recent Advancements in the Automatic Cattle Waterer Market:

July 2020: DeLaval, a prominent player in the industry, made a significant stride by acquiring milkrite | InterPuls (UK) from Avon Rubber. Renowned for delivering comprehensive milking point solutions to global dairy farmers, milkrite | InterPuls is set to operate independently under the DeLaval umbrella.

December 2020: BouMatic introduced a pioneering solution named OneView for their Gemini milking robot. This innovation facilitates swift access to the robot for customers while offering a comprehensive performance overview encompassing the robot itself, the herd, and individual cows.

June 2021: A notable collaboration between Nedap N.V. and Cogent Breeding (UK), a distinguished breeding technology and cattle genetics company, resulted in the unveiling of PrecisionCOW. This advanced system meticulously monitors the real-time location, health, and reproductive status of each cow throughout the day.

Market Segments: The comprehensive report delves into various segments within the automatic cattle waterer market:

By Waterer Type:

  • Electrically Heated Stock Waterers
  • Low-energy Stock Waterers
  • Alternate Energy Waterers
  • Thawing Frozen Automatic Waterers

By Distribution Channel:

  • Direct Sales
  • Agro Stores

By Region:

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

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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.

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 Parchment Paper Market Set for Significant Growth, Projected to Reach USD 1,789 Million by 2033 | FMI

Parchment Paper Market
Parchment Paper Market

The global parchment paper market is poised for substantial growth, with an expected valuation of USD 1,064.2 million in 2023, projected to reach USD 1,789 million by 2033. The market is anticipated to expand at a robust CAGR of 5.7% over the forecast period.

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Key Growth Drivers:

  1. Consumer Preferences: Increasing consumer preference for products that facilitate easy clean-up and easy transfer during cooking is a major growth driver. This trend is further bolstered by the rising tendency of consumers to spend more on bakery and restaurant products.
  2. Convenience Products: The growing penetration of convenience products in the market is positively influencing parchment paper demand. Additionally, the rise in applications of vegetable parchment paper is contributing to this growth.
  3. Hygienic Products: The accelerating demand for hygienic products due to rising health awareness among consumers is stimulating market growth. Parchment paper, being biodegradable and recyclable, aligns well with the increasing eco-consciousness among consumers.
  4. Technological Developments: Advances in the packaging industry and the growing trend of packaged foods are expected to drive revenue growth. The heat-resistant and highly hygienic nature of greaseproof paper further expands its application range, boosting market growth.

Eco-Friendliness and Cost-Effectiveness:

Parchment paper is gaining traction as an eco-friendly and cost-effective packaging solution. Its widespread use in food service wraps, composite packaging, and as a microwave-safe material underscores its versatility. The bakery industry, in particular, is expected to benefit significantly from parchment paper’s eco-friendly properties.

Regional Insights:

North America:

  • Market Share: North America accounted for 23.1% of the global market share in 2022, projected to increase to 24.2% by the end of 2023, and command over 36% by the end of the forecast period.
  • Growth Drivers: The region’s thriving packaging industry, rising demand for packaged foods, and increased investment in the food & beverage sector are key growth drivers.
  • Regulatory Impact: The implementation of strict food safety norms is driving the demand for safe and hygienic packaging solutions like unbleached parchment paper.
  • Market Leader: The United States is expected to dominate the North American market, accumulating over 72% of the regional share by 2033. The rise in bakery and confectionery product sales is a major contributing factor.

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Parchment Paper Market by Category

By Product Type:

  • Bleached Parchment Paper
  • Unbleached Parchment Paper

By Basis Weight:

  • Less than 40 GSM Parchment Paper
  • 41 to 60 GSM Parchment Paper
  • 61 to 80 GSM Parchment Paper

By End Use:

  • Bakery and Confectionary
  • Ready-to-Eat Meals
  • Fresh Produce
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • MEA
  • East Asia
  • South Asia
  • Oceania

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:       

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T: +1-845-579-5705
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Diagnostic X-Ray System Market Set to Double, Projected to Reach USD 20.46 Billion by 2032 at a 6.1% of CAGR

Diagnostic X-Ray System
Diagnostic X-Ray System Market

The diagnostic X-ray system market is poised for substantial growth, with its valuation projected to increase from USD 11.30 billion in 2022 to approximately USD 20.46 billion by 2032. This impressive expansion, at a compound annual growth rate (CAGR) of 6.1%, underscores the critical role of advanced diagnostic imaging in modern healthcare.

A recent study by Future Market Insights highlights that medical X-ray devices are leading the market, capturing over 65% share in 2021. This dominance reflects the essential nature of these devices in medical diagnostics and the ongoing advancements in imaging technology.

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In the ten years since the introduction of medical equipment with artificial intelligence and Internet of Things integration, the healthcare sector has grown significantly. Technology development has greatly expanded the possibilities for medical diagnosis and therapy.

The analysis provides substantial data sets that validate important trends propelling the market growth for diagnostic x-ray systems. It provides information on the tactics used by the top businesses to identify and resolve issues that are predicted to impede the market’s expansion for diagnostic x-ray systems. Our thorough examination and understanding of the historical, present, and projected market conditions enable the Diagnostic X-Ray System market study to assist in identifying the issues and providing solutions that will ensure the success of small and medium-sized businesses.

Key highlights of the comprehensive analysis on the Diagnostic X-Ray System market include:

  • Market Size and Growth Trends: Projections indicate robust growth in the Diagnostic X-Ray System market, with a CAGR of 6.1% and predicted values reaching US$ 20.46 billion by 2032.
  • Dominance of Medical X-Ray Devices: Medical x-ray devices are expected to maintain the largest market share in 2021, underscoring their significance in diagnostic imaging procedures.
  • Technological Advancements: Ongoing advancements in medical imaging technology, including digital radiography and computed tomography (CT), are driving innovation and enhancing the diagnostic capabilities of x-ray systems.
  • Global Market Dynamics: The analysis provides insights into market dynamics, including drivers, restraints, opportunities, and challenges shaping the growth trajectory of the Diagnostic X-Ray System market across different regions.

Competitive Landscape:

The market for diagnostic X-Ray systems is highly fragmented. Increased application in the field of healthcare, as well as security purposes, has led many companies to enter the market by way of providing services or acquiring smaller companies offering these services in order to maintain as well as grow their current market position.

  • In August 2022, Thermo Fisher Scientific Inc. partnered with Structura Biotechnology Inc., in order to develop a single particle analysis software solution, which will integrate Thermo Fisher’s Smart EPU software with a cryo-transmission electron microscope (cryo-TEM) technology.
  • In March 2022, Canon Medical Systems Corporation acquired Nordisk Rntgen Teknik A/S, a Danish firm to develop a cutting-edge technology to produce and manufacture screening X-ray systems

Similarly, recent developments related to companies manufacturing diagnostic x-ray systems have been tracked by the team at Future Market Insights, which are available in the full report.

Diagnostic X-Ray System Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Diagnostic X-Ray System market report with established market players as well as incumbents in the region.

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Key Market Segments Covered in Diagnostic X-Ray System Industry Research

By Product:

  • Medical X-ray Devices
    • Fixed/floor mounted
    • Mobile and Portable Devices
  • X-Ray Diffraction (XRD)
    • Powder Diffraction
    • High-Resolution XRD
    • Custom XRD
  • Security X-Ray Devices
    • Closed X-Ray Systems
    • Full body scanner
      • Single View
      • Dual View
  • X-Ray Fluorescence (XRF)
  • SAXS/WAXS

By Application:

  • Medical
  • Research and Development
  • Security

By End User:

  • Hospital
  • Diagnostic Imaging Centers
  • Airports
  • Malls
  • Railway & Metro Stations
  • Government Facilities & Homeland Security

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

Competitive Analysis

By Prominent Market Players

  • Shimadzu Corporation
  • Medlink Imaging, LLC
  • Konica Minolta Healthcare Americas, Inc.
  • Leidos
  • ODSecurity
  • Rigaku Corporation
  • Anton Paar GmbH
  • Braun & Co. Limited
  • Xenoc
  • Proto Manufacturing
  • OSI Systems
  • Siemens Healthineers
  • General Electric Company
  • FUJIFILM Holdings Corp
  • Koninklijke Philips N.V.
  • Carestream Health
  • Canon Medical Systems Corporation
  • Smiths Detection Group Ltd
  • Thermo Fisher Scientific Inc.
  • Astrophysics Inc.
  • Malvern Panalytical Ltd
  • NUCTECH COMPANY LTD
  • Bruker

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About Future Market Insights (FMI)

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

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Digital Therapeutics Market Set to Boom at 24.4% CAGR, Reaching US$42.5 Billion by 2032 | FMI Study

Digital Therapeutics Market
Digital Therapeutics Market

The Digital Therapeutics Market is poised for a remarkable transformation, according to a recent report by Future Market Insights (FMI). This dynamic market, valued at US$4.8 billion in 2022, is projected to experience a staggering upsurge. A whopping Compound Annual Growth Rate (CAGR) of 24.4% is expected over the next decade, with the market reaching a projected valuation of US$42.5 billion by 2032. This significant rise reflects a growing trend of adopting DTx for disease management and treatment.

Digital therapeutics is gaining immense traction, driven by strategic initiatives from IT companies that are crafting and acquiring innovative solutions to disrupt the traditional healthcare landscape. The growth trajectory of this industry reflects a collective dedication to enhancing the quality of life for patients and improving outcomes, all while exploring avenues to contain or reduce healthcare costs in targeted disease areas.

At the heart of this transformative journey is the exploration of patient data, obtained through digital therapeutic products, by key industry players. These pioneers are actively deciphering how this wealth of information can inform coverage decisions and contribute to more informed healthcare choices. The intersection of technology and healthcare is proving to be a fertile ground for innovation, with startups vying for investor attention with groundbreaking digital therapeutic concepts.

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Manufacturers are combining off-patent compounds with medical devices farther up the innovation spectrum, such as altering the mode of administration with better inhalers and auto-injectors. This necessitates a bigger investment in research and development, as well as greater usage of collaboration between molecule producers and device manufacturers.

Mass-market platforms present a significant possibility for interaction at scale. Manufacturers of consumer gadgets, namely smartphones and smartwatches, have included healthcare services and encouraged third-party developers to create apps for better patient outcomes.

Simultaneously, attempts have been made to improve the quality of available apps, with major app shops enforcing certain quality criteria. This is a beneficial development because it is critical to place a premium on the secure storage of research-grade data. Owing to the above-mentioned factors, the Global Digital Therapeutics Industry will expand at a considerable pace over the assessment period.

“Increasing awareness regarding digital therapeutics across emerging economies, along with growing adoption of healthcare wearables will continue driving growth in the market over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Digital Therapeutics Market Key Takeaways:

  • Combination therapy as a solution is expected to account for an approximate market share value of 4% of the global market in 2022.
  • By application, management is expected to hold a dominant market share value of 1% in the 2022 global market.
  • Central nervous system disorders by indication displayed a CAGR growth value expected to reach 2% by 2032.
  • Direct-to-patients/consumers are a dominant segment in terms of the business model within the global market, carrying an estimated market share value of about 8% in 2022.
  • The U.S. accounted for 3% of the North American digital therapeutics market in 2021.

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Digital Therapeutics Market Key Players:

  • Teladoc Health, Inc.
  • Click Therapeutics, Inc.
  • Welldoc
  • HYGIEIA
  • DarioHealth Corp
  • BigHealth
  • Orexo AB
  • Akili Interactive Labs, Inc.
  • Freespira
  • Voluntis
  • Kaia Health
  • Kaiku Health
  • Theranica Bio-Electronics Ltd.
  • Propeller Health
  • Orexo US, Inc.
  • TALi Digital Limited
  • Limbix Health, Inc.

Digital Therapeutics Market Competition

Digital therapies are a lucrative investment field due to a developing market environment, venture capital funding, and digital acceleration in response to the COVID-19 pandemic. The market is a fragmented space with heavy competition. Digital therapeutics can become an effective and economical solution for diseases and conditions that affect a large number of people. DTx software products have attracted a huge number of investors because of their lower development costs, simplicity of distribution, and ability to scale up their applications.

For instance:

  • In January 2021, the FDA approved Theranica’s Nerivio® for an expanded indication for acute treatment of episodic or chronic migraine in adolescents.
  • Limbix Therapeutics Inc. in October 2021 launched “SparkRx”, the first evidence-based digital therapeutic for adolescents with symptoms of depression.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The digital therapeutics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the Global Digital Therapeutics Industry segment based on solution – (monotherapy and combination therapy), application (prevention, management, and treatment), indication (diabetes, obesity, gastrointestinal disorders, cardiovascular disease, central nervous systems, and others), business model (direct to consumer and fee-for-service), across seven key regions over the globe.

Key Segments Covered in Digital Therapeutics Market Research

By Solution:

  • Monotherapy
  • Combination Therapy

By Application:

  • Prevention
  • Management
  • Treatment

By Indication:

By Business Model:

  • Direct to consumer
  • Fee-for-service

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 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.

Contact Us:      

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Liver Transplant Market Set to Surge, Projected to Reach USD 2,653.4 Million by 2033 at a 6.5% of CAGR

Liver Transplant
Liver Transplant Market

The liver transplant market is witnessing significant growth, fueled by increasing awareness and demand for liver health solutions. Currently valued at USD 1,409.8 million, the market is projected to reach approximately USD 2,653.4 million by 2033. This growth, at a steady compound annual growth rate (CAGR) of 6.5% over the forecast period, highlights the critical importance of liver health and the advancements in transplant technology.

The rising incidence of liver diseases, advancements in transplantation technology, and increasing awareness about liver health are key factors fueling market growth. As more patients seek effective treatment options for liver conditions, the demand for liver transplants continues to rise, driving the market forward.

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The market for liver transplants is expected to develop in the near future, with improvements in treatment techniques expected to contribute significantly to this growth. The government’s and some private healthcare facilities’ reimbursement policies have led to an increase in the market for liver transplants.

Weforum (2022) reports that over 130,000 organ transplants were completed in 2020. The liver and heart were the next most common organs, after the kidney. A small number of companies that manufacture surgical instruments and preservation techniques control the majority of the liver transplant market.

For example, a group of Swiss doctors came up with a novel way in June 2022 to shorten the waiting list for organ transplants. In addition, the surgeons created a novel technique to sustain a damaged liver for a few days. In order to see encouraging progress, the staff is still keeping an eye on the patient.

The transplant waiting list may be shortened by developing new methods for storing injured livers as well as conducting efficient stem cell, tissue engineering, and organogenesis research and development.

Key Takeaways :

  • The North American region showed a 29.2% share of the liver transplantation market.
  • European nations also show promising market demand in the liver transplantation market, with a share of 20.7%.
  • Based on treatment type, liver transplantation surgery dominates the liver transplantation market with a 61.1% global revenue share.
  • According to the forecast, 51% of liver transplantation surgeries are done in hospitals, while the rest are done in ambulatory and adult liver transplantation centers.

Recent Developments Detected by FMI in the Liver Transplantation Market:

  • In 2022, Jaslok Hospital and Research Center in Mumbai saved two lives with a single liver transplantation surgery. This transplantation surgery, also known as split cadaver liver donation surgery, is where the liver is split into two. It was then used by both an adult and a pediatric recipient simultaneously.
  • In August 2022, Integrated Graphene, with a team of scientists, developed an electrochemical biosensor to detect biliary complications in donor livers. The device, Gii-Sens, can detect the quality of the liver before transplantation. It can prevent the development of biliary complications and match the donor-recipient for transplant. According to the makers of Gii-Sens, the device is portable, economical, and responds fast to point-of-care diagnostics.

Key Players:

  • Allosource
  • Conatus Pharmaceuticals Inc.
  • Digna Biotech S.L.
  • Dompe Farmaceutici S.p.A.
  • Isogenis, Inc.
  • RedHill Biopharma Ltd.
  • Thompson Surgical
  • Integra Life Sciences
  • Baxter International Inc.
  • XVIVO
  • VirTech Bio
  • Vital Therapies
  • HepaTx
  • Humedics

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Key Segments Profiled in the Global Liver Transplantation Market:

By Treatment Type:

  • Liver Transplantation Surgery
  • Post-Surgery Anti-Rejection Treatment
  • Cyclosporine
  • Tacrolimus
  • Sirolimus Prednisone Azathioprine
  • Mycophenolate Mofetil

By End Use:

  • Hospitals
  • Adult Liver Transplantation Centers
  • Ambulatory Surgical Centers

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Global Network Equipment Market to Reach US$ 65,788 Million by 2032

The global network equipment market is anticipated to reach US$ 65,788 million by 2032, up from US$ 29,544 million in 2022, and advance at a CAGR of 8.3% over the forecast period.

A network equipment is a packet-based network that provides services to its users, such as telecommunication services, and is able to use multiple broadbands, quality-of-service (QoS)-enabled transport technologies, and functions that are unrelated to the underlying transport technologies.

The term “Network Equipment” refers to the infrastructures of fixed and mobile networks, including IP-based networks, proprietary networks, and converged networks. Devices such as mobile backhaul equipment, metro access/aggregation, data centre switches, enterprise switches, and routers are needed for the deployment of network equipment solutions.

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The Network Equipment manufacturers are focusing on designing equipment that are affordable, and offer flexible, and scalable solutions and deliver the functionality needed in the equipment.

To meet the growing demand for IP services among the consumers which consume huge amount of bandwidth with every passing day, system manufacturers are continuing to invest in next generation packet-based network elements. This factor acts as one of the prime opportunities for the equipment designing vendors in the coming years.

Global Network Equipment Market: Drivers and Challenges

Rapid technological innovation is a prime factor which is driving the growth in telecommunication industry. A key innovation is transformation from circuit-based public switched telecommunication network to packet-based network using internet protocols which is known as Network Equipment.

This transformation includes shifting from traditional copper wire to optical fiber cables that offers high speed services. NGN offers several features to support data and voice communication services that encourages adoption of advanced services among consumers. This factor is expected to positively impact the Network Equipment market during the forecast period.

The challenges faced by the Network Equipment manufacturers include Ensuring complete compliance and internetworking with a broad range of IPv4, MPLS, IPv6, metro Ethernet and networking standards. Leveraging software investments across diverse hardware platforms in the rapid evolution in market requirement. Delivering packet-based software on time to address requirements for NGN equipment. These factors are expected to act as a challenge to the growth in revenue of global Network Equipment market.

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Global Network Equipment Market: Segmentation

Global Network Equipment market can be segmented into equipment type, enterprise type, and regions.

On the basis of equipment type, global Network Equipment market can be segmented into High fibre copper cables, broadband wireless access devices, broadband devices over power lines, mobile network devices and other satellite connecting devices.

On the basis of enterprise type, global Network Equipment market can be segmented into small enterprise, medium enterprise and large enterprise.

Global Network Equipment Market: Regional Outlook

On the basis of regions, global Network Equipment market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

North America accounts for largest market share in the global Network Equipment market owing to the advanced technology and easy adoption in the countries such as the U.S and majority of the equipment manufacturers located in the region. The revolution in the IT and telecommunication sectors are offering lucrative growth opportunities for regions such as Western Europe Network Equipment market.

Asia Pacific excluding Japan is expected to have maximum potential for the revenue growth of global Network Equipment market during the forecast period. Latin America, Middle East and Africa, Eastern Europe are among the regions which are expected to witness positive growth during the forecast period.

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Key Segments

By Type:

  • High-fibre Copper Cables
  • Broadband Wireless
  • Broadband Devices Over Power Lines

By Application:

  • Business
  • Industrial
  • Hospitals
  • Retail Industry
  • Corporations
  • Lifestyle

By End User:

  • Small
  • Medium
  • Large Enterprises

By Region:

  • North America
  • Latin America
  • MEA
  • Asia Pacific
  • Europe

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Suture Needles Market Stitches Up Steady Growth at a 5.5% CAGR, Reaching US$966.9 Million by 2032 | FMI

Suture Needles Market
Suture Needles Market

The Suture Needles Market is poised for a decade of stable expansion, according to a recent report by Future Market Insights (FMI). Valued at US$534.7 million in 2021, the market is projected to reach an impressive US$966.9 million by 2032. This translates to a compelling Compound Annual Growth Rate (CAGR) of 5.5%, indicating a promising future for the industry.

The market expansion is likely to be driven by Straight Shaped Needles. During the forecast period, it will remain a dominant segment by growing at a CAGR of 5.4% during 2022 – 2032. The straight-body needle is used in stitching tissues that are easily accessible by hand.

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Key Takeaways from the Suture Needles Market Study

  • The Global Suture Needle Market is currently valued at US$ 534.7 Mn and is expected to reach a valuation of US$ 564.7 Mn by 2022 by growing at an annual growth rate of 6% during 2021.
  • The market for Suture Needle will garner an absolute dollar opportunity of US$ 402.2 Mn in the period between 2022 and 2032.
  • The market for Straight Shaped Needles is expected to dominate the market by growing at a CAGR of 4%.
  • The U.S. market dominates the global market for Suture Needles with a majority share of over 29% and is expected to increase at a CAGR of 5%

The availability of quick substitutes, suture related side effects, lack of waste management and an increase in the prevalence of needlestick injuries is likely to hamper the market growth, comments a Future Market Insight analyst.

Suture Needles Market Competitive Landscape

The Suture Needle Market is driven by the market players who are expanding their product portfolio by highly investing in the R&D and product development areas. Technological advancements, product upgradation, upliftment of distribution network, and expanding M&A activity have all contributed to maintaining the environment competitive.

Some of the prominent companies in the global Suture Needle market are Medtronic, Futura Surgicare Pvt. Ltd., Johnson & Johnson Medical N.V., Aurolab, Natsume Seisakusho Co., Ltd., Alfresa Pharma Corporation, Bear Medic Corporation, SUTUREX & RENODEX, Teleflex Incorporated, Smith & Nephew, Hu-Friedy Mfg. Co., LLC, FSSB Chirurgische Nadeln GmbH, Burtons Medical Equipment Ltd., Advin Health Care, etc.

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The key developments in the Suture Needles Market are:  

  • In March 2022, Medtronic announced a partnership with Vizient for an AI-powered video management system. This will provide Surgical Teams with easy access to procedural videos.
  • In November 2020, Smith and Nephew declared that their newly developed Novostitch Meniscal repair system has achieved an 82.6% success rate in treating Horizontal Cleavage tears.

More Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the Suture Needle market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Shape (Half Curved, Compound-cure Shaped Needles, Straight Shaped Needles, J Shaped Needles), Type (Blunt Point Needle, Tapercut Needle, Reverse Cutting Needle, Round Bodied Needle, Conventional Cutting Needle, Spatula Needle), Application (Cardiovascular, General Surgery, Orthopedic Procedures, Gynecological Procedures, Veterinary Procedures, Other Applications) 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 Suture Needles Market Analysis

By Component:

  • Solution
    • Agent-Based Solution
    • Agent Less Solution
  • Services
    • Support and Maintenance Services
    • Training and Consulting Services

By Deployment Type:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organisation Size:

  • Large Enterprises
  • SMEs

By Vertical:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Government and Defense
  • Construction
  • Education
  • Others

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 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.

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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Periodontal Market to Triple, Reaching USD 24.4 Billion by 2032 at a 10.4% of CAGR

Periodontal
Periodontal Market 

The periodontal market is on a robust growth trajectory, with its valuation expected to rise from USD 9.1 billion in 2022 to approximately USD 24.4 billion by 2032. This impressive expansion, at a compound annual growth rate (CAGR) of 10.4%, underscores the increasing demand for advanced periodontal treatments and devices worldwide.

A recent study by Future Market Insights reveals that the device type segment is leading the market, capturing a substantial 77.6% share in 2021. This dominance is indicative of the growing preference for innovative periodontal devices that enhance treatment outcomes and patient care.

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The American Academy of Periodontology states that the main risk factors for the development or worsening of periodontal or gum diseases are aging, smoking or tobacco use, genetic factors, stress, some medications (like oral contraceptives and antidepressants), other systemic diseases, poor nutrition or obesity, and a host of other factors.

For Instance:

In August 2021, BIOLASE, Inc. announced a clinical advisory collaboration that will promote dental laser adoption and boost the hands-on training opportunities. This collaboration was announced with Dr. L. Stephen Buchanan, who is one of the top endodontists in the world.

Key Takeaways:

  • Device type dominated the market with 6% market share in the product segment of the global periodontal market in 2021.
  • Scaling and root planing procedures accounted for 1% of the global market share in 2021.
  • Dental clinics segment dominated the market in 2021 with a share of 4% of the end user category of the global periodontal market.
  • North America dominates among the seven regions, with a market share of 4% in 2021.

“Increasing prevalence of the gum diseases and the advancements in terms of the technology used in diagnostic instruments is set to propel the sales of the periodontal market across the globe,” says an analyst of Future Market Insights.

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Market Competition

The periodontal market is highly fragmented because of the large number of players in the market both local and international. There is a broad range of products that can be categorized under the periodontal market, making it a broad market. The strategies that are majorly followed by the key players of the periodontal market include product launches and expansions.

  • In June 2018, LM-Instruments Oy, a subsidiary of Planmeca Oy, introduced ten new products to its LM Sharp Diamond hand instruments portfolio. It includes a sickle scaler called LM-SharpJack.
  • In May 2021, Sandoz, a subsidiary of Novartis AG, announced the expansion of its production capabilities in Europe to strengthen European antibiotic manufacturing.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the periodontal market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032.

The research study is based on the product– (device type (diagnostic instruments (probes (single-sided probes and double-sided probes), mouth mirrors and explorers), treatment instruments (scalers & curettes, custom-fit trays, cleansing & polishing instruments, periodontal endoscopes, dental lasers and dental implants (endosteal implants and subperiosteal implants)) and surgical instruments) and drug type (systemic antibiotics and local antibiotics)), by procedures (scaling and root planing, gum grafting, regenerative therapy, dental crown lengthening, periodontal pocket procedures, single tooth dental implants and multiple tooth dental implants), by end user (hospitals, dental clinics, group dental practice and ambulatory surgical centers) across seven key regions of the world.

Key Market Segments Covered in Periodontal Industry Research

By Product:

  • Device Type
    • Diagnostic Instruments
      • Probes
        • Single Sided Probes
        • Double Sided Probes
      • Mouth Mirrors
      • Explorers
    • Treatment Instruments
      • Scalers & Curettes
      • Custom-Fit Trays
      • Cleansing & Polishing Instruments
      • Periodontal Endoscopes
      • Dental Lasers
      • Dental Implants
        • Endosteal Implants
        • Subperiosteal Implants
    • Surgical Instruments
  • Drug Type
    • Systemic Antibiotics
    • Local Antibiotics

By Procedures:

  • Scaling And Root Planing
  • Gum Grafting
  • Regenerative Therapy
  • Dental Crown Lengthening
  • Periodontal Pocket Procedures
  • Single Tooth Dental Implants
  • Multiple Tooth Dental Implants

By End User:

  • Hospitals
  • Dental Clinics
  • Group Dental Practice
  • Ambulatory Surgical Centers

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About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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