Market Research Blog – Page 3099 – New Product Development

FMI Analysis Predicts Global Pipes Market Expected to Surge Past of US$ 238.67 Billion Revenue By 2034, with a Steady 5.01% CAGR

The global pipes market is valued at a substantial US$ 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass US$ 238.67 billion.

The industrial sector, where pipes are being used more and more, is expected to account for a significant portion of this growth—more than 25.6%—by the end of the forecast period, which runs from 2024 to 2034. The driving force behind this significant growth is the growing need for quick-build projects in the commercial, residential, and industrial domains. The way the market has changed indicates how important it has been in forming the infrastructure scene on global scale.

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Emerging Market Dynamics Fuel Global Pipe Demand Across Diverse Sectors:

In an era characterized by rapid industrialization and burgeoning infrastructural development, the global demand for pipes is poised to witness a significant upswing. This surge in demand is propelled by a confluence of factors, including the pronounced growth across diverse industries and the infrastructure evolution in emerging economies.

Residential applications prominently feature plumbing pipes, primarily designated for the crucial transport of potable water and wastewater. Meanwhile, the ambit of piping systems expands considerably within commercial edifices such as hospitals, schools, offices, and retail establishments. These structures house specialized piping networks designed for the conveyance of various fluids, tailored to the unique requirements of each setting.

The industrial domain constitutes another pivotal arena where specific piping needs arise, intricately linked to the distinct nature of manufacturing processes underway. As the global population continues its upward trajectory, the consequential impact on infrastructure development is undeniable. The inexorable expansion of new construction projects, accompanied by ongoing initiatives, accentuates the indispensability of robust piping systems. This symbiotic relationship between population growth and infrastructural demands inherently fuels the surge in pipe requisites.

This robust demand surge reverberates through the market, underpinned by the escalating clamor for new construction extensions and substantial project investments, especially within burgeoning economies. Of note is the commercial segment, poised to seize a substantial share of the market, exhibiting an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The interplay of these factors, harmonizing growth aspirations and pivotal infrastructure needs, charts a compelling trajectory for the global pipes market.

Key Takeaways from Market Study:

By material type, the metal segment is accounted to hold a market share of 67.73% in 2024.
By diameter, the 100 to 200 mm in the metal segment is anticipated to hold a market share of 14.56% in 2024.

Key Companies Profiled:

Aliaxis Group
Sekisui Chemical Co. Ltd
Orbia Advance Corp
ASTRAL POLYTECHNIK Ltd.
Geberit AG
Finolex Industries Ltd.
Formosa Plastic Corporation
Nan Ya Plastics Corp.
Advanced Drainage Systems Incorporated
Polypipe Group Plc
AGRU Kunststofftechnik Gesellschaft M.B.H
FRANK GmbH
Contech Engineered Solutions LLC
Wienerberger AG
Mexichem SAB de CV

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Key Segments Covered:

By Material Type:

Plastic
- PVC
- cPVC
- PE
  - HDPE
  - LDPE
- PP
- ABS
- Fiberglass
Metal
Composite

By Diameter:

Plastic
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
Metal
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
Composite
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm

By Sales Channel:

Residential
- Plastic
- Metal
- Composite
Commercial
- Plastic
- Metal
- Composite
Industrial
- Plastic
- Metal
- Composite
Infrastructure
- Plastic
- Metal
Composite

By Region:

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

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

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IoT in Product Development Market: Thriving at 14.5% CAGR, Envisioning a $155.8 Billion Valuation by 2033

According to Future industry Insights (FMI), the IoT in product development industry would generate $35 billion in revenue by 2022. Forecasts show a strong growth trajectory, with a predicted Compound Annual Growth Rate (CAGR) of 14.5% from 2023 to 2033.

By the end of the forecast period, the IoT in product development market is expected to have a significant worth of US$155.8 billion. The design and engineering area within the IoT in product development industry is particularly important, since it is expected to become a key income generator. This category is likely to grow significantly, with a CAGR of more than 14.1% from 2023 to 2033.

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IoT Enhances Product Development with Connectivity and Insights:

IoT technology empowers the creation of intelligent, interconnected products that communicate with each other and users. Devices like smart home gadgets, wearable fitness trackers, and connected vehicles exemplify the potential of IoT.

Embedded IoT devices gather substantial data on usage, performance, and surroundings. This data is analyzed to refine product design, identify maintenance requirements, optimize operations, and offer personalized services.

Furthermore, IoT enables remote monitoring and maintenance, decreasing the need for physical checks. Manufacturers can track performance, detect anomalies, and address issues proactively, ensuring product reliability, minimizing downtime, and boosting customer satisfaction.

Key Factors Fostering Demand in IoT Product Development:

The expansion is propelled by progress in network connectivity technologies like 5G and edge computing.
The convergence of IoT and artificial intelligence in consumer electronics is anticipated to stimulate demand for IoT in product development in the projected timeframe.
Increasing apprehensions about safeguarding sensitive data and network security are predicted to elevate demand.
The widespread adoption of IoT devices and platforms has resulted in interoperability and standardization, vital aspects for seamless industrial tool operation, offering growth prospects throughout the forecast period.

Key Drivers of IoT Integration in Product Development:

The rapid proliferation of the Internet of Things (IoT) is exerting a significant impact on product development across various sectors. Accelerated progress in technology, especially in realms like wireless connectivity, miniaturization, data analysis, and cloud computing, is gaining momentum.

Technological advancements have emerged as pivotal catalysts in driving the expansion of IoT. These innovations have streamlined the integration of connectivity and intelligent features into a diverse array of products, presenting a cost-effective approach.

IoT’s application in product development is specifically geared toward crafting interconnected and intelligent IoT products. This category encompasses a broad spectrum of devices, ranging from smart household appliances to industrial sensors and wearable gadgets. By infusing IoT capabilities—such as connectivity, sensors, and data analysis—into these products, devices can gather and exchange data, fostering communication among devices or systems and delivering enhanced functionalities.

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Competitive Landscape:

Prominent participants in the industry are prioritizing the integration of robust security features within their offerings. These encompass encryption, authentication, and fortified communication protocols. Additionally, the incorporation of cloud platforms to manage data storage, processing, and analysis is gaining traction.

Strategic collaborations are being forged with technology providers, software firms, and fellow manufacturers to foster comprehensive IoT solutions.

Noteworthy manufacturers are also dedicating resources to advanced analytics tools and algorithms, aimed at extracting valuable intelligence from IoT data streams, ultimately enhancing product efficacy.

Key Players:

Key players in the market are N-iX, CHI Software, DataArt, Syberry, iTechArt Group, Provectus, Transition Technologies PSC, Soft EQ, ITRex, Group, and Yalantis.

Market Segmentation:

By Service Type:

Design & Engineering
Connected Hardware & Firmware Development
Prototyping
Manufacturing Support

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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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.

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Play Free Slot Machines: A Comprehensive Overview to Online Slots

Slots have long been a staple in gambling establishments, providing players the exhilaration an fortune tiger como jogard thrill of spinning the reels. But with the introduction of online gaming, players can currently appreciate their favored slot video games from the comfort of their own homes. In this write-up, we will assist you with everything you require to know about playing cost-free slot machines online.

Whether you’re a seasoned gamer or new to the world of online slots, our overview will supply you with valuable details and ideas to boost your video gaming experience. From understanding the essentials of one-armed bandit to checking out various types of slots and approaches, we have actually got you covered.

The Fundamentals of Slot Machines

Prior to diving right into the globe of online ports, it is very important to have a mutual understanding of how vending machine function. Each slots consists of reels, icons, and paylines. The purpose is to land a winning mix of icons on a payline to obtain a payment.

Many fruit machine have various icons, with each sign having its very own worth. Some symbols might have unique attributes, such as wilds, scatters, or reward symbols, which can trigger added incentive rounds or increase your chances of winning.

Paylines are the lines on which winning mixes can be developed. Traditional fruit machine usually have a solitary payline, yet contemporary on the internet ports can have several paylines, occasionally as much as hundreds and even thousands. The more paylines a vending machine has, the even more opportunities you have to win.

Understand the guidelines and payments of the fruit machine prior to playing.
Position your wager and choose the variety of paylines (if suitable).
Click the “Spin” button to begin the video game.
Wait on the reels to stop spinning.
If you land a winning mix on a payline, you will get a payout according to the game’s paytable.
Repeat the procedure to continue playing.

Bear in mind that fruit machine are gambling games, meaning there is no surefire way to guarantee a win. Nevertheless, recognizing the n8 live casino guidelines and strategies can aid optimize your chances of winning.

Kinds Of Port Machines

Online casinos offer a variety of slots to deal with various preferences and playing styles. Right here are some of the most prominent kinds of slot machines you can locate online:

Classic Slot machines: These are conventional slots that feature straightforward gameplay and sentimental graphics similar to old-school vending machine.
Video Slots: These slots include sophisticated graphics, animations, and sound impacts to create a more immersive gaming experience.
Progressive Reward Slots: These ports provide massive pots that increase with time as even more players contribute to the jackpot pool. A tiny percent of each player’s bet is contributed to the pot, producing the capacity for life-altering victories.
3D Slots: These ports utilize cutting-edge 3D graphics technology to bring the game to life, creating a visually magnificent and interesting gameplay experience.
Mobile Slots: With the rise of mobile gaming, lots of on-line casino sites currently provide mobile-friendly slot video games that can be used smartphones and tablets.

Each kind of one-armed bandit provides an one-of-a-kind gaming experience, so do not hesitate to check out different kinds and find the ones that suit your preferences.

Tips and Techniques for Playing Online Slot Machine

While fruit machine are primarily gambling games, there are a couple of pointers and techniques you can employ to boost your probabilities of winning:

Establish a budget plan: Prior to you begin playing, pick a budget and stick to it. Establish a restriction on the amount of cash you agree to spend and never ever exceed it.
Pick the ideal fruit machine: Various vending machine have various payout percentages, also called Return to Player (RTP) prices. Look for one-armed bandit with a high RTP to raise your opportunities of winning over time.
Capitalize on bonus offers and promos: Numerous online gambling enterprises offer benefits and promos that can increase your bankroll or supply cost-free spins. Ensure to make the most of these deals to maximize your having fun time.
Exercise with free ports: A lot of online gambling establishments use complimentary one-armed bandit that allow you to practice and acquaint yourself with the game before having fun with real cash. Use this chance to create your techniques and understand the gameplay.
Manage your money: It’s essential to handle your bankroll wisely. Divide your budget into smaller, convenient bets and prevent chasing losses.
Know when to give up: Set a win and loss limit for each session. If you reach your win or loss limitation, it’s time to stop playing and walk away.

By executing these tips and techniques, you can boost your fruit machine experience and possibly boost your chances of winning.

Verdict

Playing totally free one-armed bandit online provides unlimited amusement and the possibility to win actual money. By recognizing the fundamentals of fruit machine, discovering various types of ports, and utilizing smart approaches, you can take advantage of your online port video gaming experience.

Keep in mind, always bet responsibly and establish limits to guarantee a safe and enjoyable video gaming experience. So why not provide it a spin? Experiment with complimentary one-armed bandit today and start an amazing betting experience from the comfort of your own home.

Global Excitation Systems Market is Expected to generate worth of US$ 4.8 Billion by forecast period ending 2033 | Data analysis by Future Market Insights, Inc.

The worldwide excitation systems market is expected to be worth roughly US$3.1 billion in 2023. FMI projects that the market will grow at a 4.6% CAGR between 2023 and 2033, reaching a value of $4.8 billion by 2033.

Excitation systems are in high demand because to the continued growth of end-use sectors such as oil and gas, power, mining, chemicals, and others. Furthermore, the increasing deployment of synchronous machines is expected to drive up sales of excitation systems in the future days.

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Many market trends and opportunities are also surging with the demand for excitation systems in synchronous machines of electric utilities in developing nations. However, the design of complex excitation systems, which makes maintenance tasks challenging, is a notable factor impeding the growth of the worldwide market.

Key Takeaways from this Market Study:

As per the report, the sales of exciting systems in the United System are predicted to register an average of 4.6% CAGR through 2033. The country’s sizable supplier, as well as client base, is the main factor contributing to its supremacy in the global excitation systems industry.
China held a leading position in 2022, and it is anticipated that it may continue to do so during the projected period. The country has a significant market presence and potential for future expansion that could render its exciting systems industry a 4.5% CAGR until 2033.
As per the FMI market report, the brushless product segment is anticipated to witness a high CAGR of 4.4% through 2033. The market demand for brushless excitation systems is growing by the combination of their benefits like quick systems, minimal losses, and great performance. However, the static segment is anticipated to continue a dominant position with the demands of sectors looking for stable and effective power-generating solutions.
Until the year 2022, more than 50% of the overall market revenue on average was captured by the digital controller type segment. With a predicted CAGR of 4.2%, this segment is expected to witness gradual expansion during the years between 2023 and 2033.

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Recent Developments by the Industry Players:

The report provides in-depth information about the key excitation system industry players like ABB, Andritz, Basler, Fuji, General Electric, Mitsubishi, Siemens, and others.

ANDRITZ completed the modernization and digitization of the Sobradinho hydropower plant in Brazil as part of an agreement with CHESF in May 2020. ANDRITZ agreed to deliver a variety of products like transformers, cooling and ventilation systems, excitation systems, and turbine governors to improve factory operations.
A brand-new alternator named TAL 0473 was released by Nidec Leroy-Somer in March 2020 that intends to provide nominal power at 50 Hz. It comes with a SHUNT excitation system for the rotor and an R150 regulator as standard equipment to manage the alternator’s voltage output. Nidec Leroy-Somer seeks to offer a full and integrated solution for power-generating needs by including these two standard pieces of equipment.
Sun Paper placed two separate drive contracts with ABB Ltd in January 2020, to obtain driving solutions for certain machines in its various facilities. The first purchase comprised drivers for PM1 and PM2 paper machines for the Sun Paper mill in Laos. Another synchronous motor and drive project for a pulp production line in Shandong, China, made up Sun Paper’s second order.

Key Segmentation Covered:

By Product Type:

Brushless Exciters
Static Exciters

By Controller Type:

Digital Controllers
Analogue Controllers

By Application:

Synchronous Generators
Synchronous Motors

By Region:

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

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Oncology Information Systems Market is Expected to Grow at a 7.8% CAGR to Reach US$ 5,828 Million by 2033

The global oncology information systems market is anticipated to reach US$ 5,828 million in value by 2033, demonstrating that it is prepared for quick expansion. This represents a substantial increase from US$ 2,753.8 million in 2023, according to Future Market Insights, suggesting a Compound Annual Growth Rate (CAGR) of 7.8%.

OIS technologies facilitate more informed treatment decisions, streamline patient data management, and ultimately improve patient outcomes, making them indispensable to the provision of modern oncology care.

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The market for oncology information systems is expected to develop due to factors such as rising cancer incidence and prevalence, the need to control cancer-related costs, and the potential advantages these systems may provide for managing, treating, and planning cancer.

Key Takeaways:

The oncology information system market has been divided into two segments: solutions and professional services. The solutions segment accounted for the majority of revenue i.e. 73.4%.
The solutions segment is further subdivided into patient information systems and treatment planning systems, with the latter accounting for the lion’s oncology information system market share.
Medical oncology accounted for the largest oncology information system market share of global revenue, accounting for 61.4% of total revenue.
information system market share’s revenue of 38.5%.
The software segment accounted for 83.6% of the product and service oncology information system market.
Radiation oncology accounted for 53.8% of the oncology information system market.
Asia Pacific accounted for 17.8% of the oncology information system market.

Key Players Profiled in the Global Market:

Elekta AB
Accuray Inc.
Varian Medical Systems
RaySearch Laboratories
Cerner Corp.
BrainLab
Philips Healthcare
Prowess, Inc.
DOSIsoft S.A.
ViewRay Inc.
MIM Software
Flatiron

Since most of these well-known companies have extensive global distribution networks to reach their sizable customer bases, their influence on the oncology information systems market is quite significant.

The leading players in the oncology information systems market are concentrating on strategic initiatives like product launches, acquisitions, collaborations, participation in events, and expansions to boost revenue oncology information systems market growth and solidify their positions in the oncology information systems market,

Recent Developments

Siemens Healthineers (Germany) completed its acquisition of the Varian Medical System in August 2021. (United Kingdom). This acquisition aimed to create a one-of-a-kind, highly integrated portfolio of oncology information system workflow. This acquisition might supplement the company’s existing oncology information system portfolio.
In June 2021, Koninklijke Philips N.V. (The Netherlands) announced a collaboration with Elekta (Sweden) to develop advanced, comprehensive, and personalized cancer care through precision oncology information solutions.
McKesson Corporation (USA) launched Ontada, an oncology technology and insights business dedicated to advancing cancer research and care, in December 2020.
Elekta and Philips signed an agreement in June 2021 to strengthen their existing strategic partnership to advance comprehensive and personalized cancer care through precision oncology solutions.
In January 2023, Philips Healthcare mentioned that it has increased, socially conscious healthcare leaders to recognize their responsibility for improving healthcare equality, as well as the need of reducing the sector’s carbon footprint for the preservation of the planet’s health.

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Key Segmentation:

By Product:

Solutions
- Patient Information Systems
- Treatment Planning Systems
Professional Services

By Application:

Medical Oncology
Radiation Oncology
Surgical Oncology

By Region:

North America
- The United States
- Canada
Europe
- The United Kingdom
- Germany
- France
- Italy
- Spain
Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
The Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates

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Global Membrane Microfiltration Industry is expected to surpass US$8 Billion by 2028, with a CAGR of 7.8% | FMI Analysis

Future Market Insights (FMI), a leading market research firm, predicts significant growth for the Global Membrane Microfiltration Industry. Their recent study forecasts the market to reach a staggering US$8 billion by 2028, reflecting a steady Compound Annual Growth Rate (CAGR) of 7.8% over the next decade.

The research sheds light on the burgeoning market dynamics, attributing the robust growth to various factors. Microfiltration, identified as one of the newest alternatives to traditional heat treatment methods, has emerged as a key player in the industry. This cutting-edge technology not only reduces bacteria but also enhances the shelf life of dairy products while preserving their fundamental taste.

In the realm of dairy product preservation, traditional techniques such as pasteurization, heat treatment, and sterilization have long been employed. However, the adoption of membrane microfiltration in the milk sector is gaining significant traction, marking a notable trend in the global market.

The Future Market Insights study dives deep into the factors driving this substantial growth and presents a comprehensive analysis of the industry landscape. The report provides valuable insights for businesses, investors, and stakeholders seeking to understand and capitalize on the burgeoning opportunities within the Global Membrane Microfiltration Industry.

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Increasing adoption of ceramic microfiltration membranes for cross-flow filtration in water plants is another key trend, as ceramic membranes help maintain a high filtration rate and ensure enhanced savings in membrane replacement costs.

Manufacturers in the Global Membrane Microfiltration Industry are producing robust microfiltration systems using large filter cartridges that occupy less space and eliminate the number of filtration system connections, thereby reducing maintenance costs.

A preference for continuous fermentation over batch processing is also being observed, with manufacturers increasingly deploying membrane microfiltration technology in their plants. These trends are likely to positively impact the revenue growth of the Global Membrane Microfiltration Industry in the coming years.

Increasing Applications in Industrial Biotechnology and Widespread Use of Large Molecule Biopharmaceuticals Pushing Revenue Growth of the Global Membrane Microfiltration Industry

Membrane microfiltration is finding application in the production of biofuel and biorefineries are incorporating this technology to lower overall energy costs and reduce industrial biowaste. Membrane microfiltration is also increasingly used in biodiesel processes where this technology is used to reuse water, especially in areas of water scarcity. The rising industrial applications of membrane microfiltration are fuelling revenue growth in the global market. Also, filtration is a critical component of biopharmaceutical production, and membrane microfiltration is widely used to remove cellular debris and other cellular colloids. With a growing adoption of large molecule biopharmaceuticals owing to their therapeutic properties, the demand for membrane microfiltration technology in the production of biopharmaceuticals is expected to surge shortly.

Membrane microfiltration is also extensively used in the food and beverages industry as a technology to separate and purify components and improve the quality and yield of food products. Increasing use in vegetable and fruit juices, fermented dairy products, milk and dairy products, non-alcoholic beverages, and other food and beverage products is expected to spur revenue growth of the Global Membrane Microfiltration Industry to a significant extent. One of the other critical application areas of membrane microfiltration is in water treatment plants. Membrane microfiltration helps remove unwanted particles from water before the water is treated for purity using other processes such as reverse osmosis. A growing need for quality potable water is further driving the growth of the membrane microfiltration market.

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With newer applications of membrane microfiltration coming to the fore, Future Market Insights feels there is a great deal of opportunity for key players operating in the global market. Water treatment and food and beverages are two important end-use application areas that manufacturers can target with their advanced solution offerings. China is projected to be the fastest-growing regional market for membrane microfiltration in terms of demand for the technology, and manufacturers would be well advised to focus on this region to augment their market share. By setting up robust supply chains in regions that are anticipated to develop at a faster pace in the coming years, manufacturers can benefit from the lucrative opportunities presented by local markets to up their current standing in the Global Membrane Microfiltration Industry.

Key Segments Covered in the Global Membrane Microfiltration Industry Survey

Membrane Microfiltration by Material Type:

Cross Flow Membranes
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Poly Imide Membrane Filters
- Cellulose Membrane Filters
Direct Flow Membranes
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Poly Imide Membrane Filters
- Cellulose Membrane Filters

Membrane Filtration by Application:

Biopharmaceutical Processing
Water Treatment Applications
Dairy & Food Processing
Chemical Applications
Others

Membrane Filtration by Region:

North America Membrane Filtration Market
Latin America Membrane Filtration Market
Europe Membrane Filtration Market
East Asia Membrane Filtration Market
South Asia & Pacific Membrane Filtration Market
Middle East & Africa (MEA) Membrane Filtration Market

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

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

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

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DNA-based skincare Market is Expected to Reach $8,192.3 Million by 2033 at a Compound Annual Growth Rate of 5.3%.

The global DNA-based skincare market estimated to reach $4,733.8 million in 2022 and $4,907.7 million in 2023 US dollars. Based on projections from Future Market Insights, the focused ultrasound system market is anticipated to reach a projected market size of approximately US$ 8,192.3 million by 2033, growing at a compound yearly growth rate (CAGR) of 5.3% between 2023 and 2033.

DNA skincare products use a person’s genetic composition to recommend products and indicate any detrimental effects of routine that need to be mitigated.

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Future growth in the market for DNA-based skin care products is anticipated as a result of rising consumer demand for wellness and health-related goods. Maintaining a healthy lifestyle enhances one’s look and general wellbeing, and one’s skin condition is a good sign of their general health.

Key Takeaways from the Market Study

Anticipated size of the DNA-based skincare market in 2017 was US$ 4.1 billion.
Global DNA-based skincare market grew at a CAGR of 2.5% between 2017 and 2022.
North America is anticipated to generate the largest DNA-based skincare market share of 37.6% in the upcoming years.
Demand for natural and organic products in Europe has been fueled by the increase in consumer awareness about the risks of adopting skincare products having synthetic chemicals holding a market share of 25.5%.
Under product type, creams dominate the market with a share of 56.2%.
Under distribution channel, the offline distribution channel has a major position in the market with a market share of 68.8%.

“Desire to slow down the signs of aging among millennials is one of the major drivers of the DNA-based skincare market”, Lead Analyst a Future Market Insights analyst.

Key Developments in the DNA-Based Skin Care Market

Personalized Skincare: DNA-based skincare has ushered in a new era of personalization. Companies are using genetic information to create customized skincare products tailored to an individual’s unique genetic makeup. This trend is gaining popularity as consumers seek more effective and personalized medicine solutions.
Advanced DNA Testing: Advances in DNA testing technology have made it easier and more affordable for consumers to access their genetic information. This has fueled the growth of DNA-based skincare, as people can now readily obtain insights into their skin’s specific needs.
Targeted Treatment: DNA analysis allows skincare companies to identify specific skin issues and recommend targeted treatments. This precision approach is replacing the one-size-fits-all model of skincare, leading to more effective results.
Rise in DTC Brands: Direct-to-consumer (DTC) DNA-based skincare brands have emerged, offering consumers the convenience of ordering personalized products online. These brands often provide easy-to-use DNA testing kits, making the process accessible to a broader audience.

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Market Competition

The global market is highly fragmented with the presence of various international and domestic companies. Many companies are gradually shifting towards artificial intelligence to provide individualized suggestions and track daily skin changes to react to the shift in lifestyles. Meanwhile, some of the other key players are striving to develop DNA testing kits for customers to enable them to make informed decisions associated with their genetic composition.

Gi Picco’s, a manufacturer of cosmetic powders in Europe, was purchased by MS Beautilab. The acquisition of Italy’s Gi Picco’s Cosmetics by the Swiss-French subcontractor has resulted in the improvement of its product line and has completed its historical by marking a significant milestone in the company’s expansion strategy.
Milk Makeup and Obagi Cosmeceuticals LLC were acquired by Waldencast Acquisition Corp.

Key Companies Profiled:

ALLÉL
IMAGENE LABS
Genetic Beauty
DNA Skin Institute
EpigenCare
ANAKE
Caligenix
LifeNome
SKINSHIFT
SkinDNA

Key Segmentations in the DNA-Based Skin Care Industry

By Product Type:

Serums
Creams
Others

By Distribution Channel:

Offline
Online

By End Use:

Home User
Wellness Clinics
Salons

By Region:

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

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Global Digital Radiography Detectors Industry is expected to reach US$ 2,713.7 Million, driven by a 6.1% CAGR by 2026 | FMI

The future of the Global Digital Radiography Detectors Industry is bright, according to a recent market analysis by Future Market Insights (FMI). This report forecasts significant growth over the next eight years, with the market expected to reach a valuation of US$2,713.7 million by 2026. This growth will be fueled by a Compound Annual Growth Rate (CAGR) of 6.1% from 2018 to 2026.

An increase in several radiography tests performed globally each year coupled with the introduction of new and advanced imaging equipment by key market players will remain predominant factors pushing the demand for digital radiography detectors – with significant adoption of direct flat panel detectors. Moreover, considering distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film-based), digital radiography detectors are expected to witness high traction in the coming years.

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North America and Europe are likely to remain the dominant regions in the Global Digital Radiography Detectors Industry, attributed to the growing demand for X-ray Detectors and the strong geographical presence of major manufacturers, respectively. Moreover, manufacturers of digital radiography detectors are increasingly focusing on launching products in emerging countries considering an unmet demand for digital radiography detectors and significant dependence on analog (film-based) detectors.

Global Digital Radiography Detectors Industry: Key Players

Varex Imaging Corporation
Thales Group
Agfa-Gevaert N.V
Onex Corporation (Carestream Health)
FUJIFILM Holdings Corporation
Analogic Corporation
Canon Inc.
DRTECH Corporation
Hamamatsu Photonics k.k.
KONICA MINOLTA INC.
Rayence Co. Ltd.
Teledyne Technologies Incorporated

The global market for digital radiography detectors is highly consolidated, with top players including Varex Imaging Corporation and Trixell holding close to 47% of the total market share. FMI expects key market players to focus on strategic acquisitions and collaboration and emphasis on cost-effective product development, in addition to augmenting investments in product innovations and NPD.

A large number of players in the market are also investing in R&D and the introduction of new products based on proprietary technologies, with a focus on product differentiation. Moreover, shifting preference toward direct digital radiography (DDR) and a-Si detectors would present new market opportunities for emerging players working on innovative product offerings. Furthermore, imaging equipment manufacturers have an opportunity to improve their revenue stream by providing cloud storage services for medical imaging and information management, without scrapping existing Picture Archiving and Communication (PACS).

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Promising benefits of using the indirect conversion technique of the digital radiography (DR) technology which involves the use of amorphous silicon (a-Si) photodiodes and cesium iodide (CsI) scintillators for X-ray detection is projected to drive the adoption of digital radiography detectors. The benefits of Si X-ray detectors, mostly used in dental CBCT and orthopedic imaging include lower patient radiation dose, reduced exam time, lower noise, and increased efficiency. More advanced applications in Mammography imaging and breast CT have pushed key players to expand their product offerings, with designs and technologies specific to the aforementioned imaging.

However, the high cost of C-arms compared to traditional X-ray systems could inhibit the adoption of Fluoroscopy Imaging Systems, especially in low and middle-income countries with lower rates of healthcare expenditure. Additionally, new technologies with improved benefits such as improved spatial image resolutions, better image quality owing to lower pixel imaging, and increased cost-benefit ratios are projected to restrict the growth of the Global Digital Radiography Detectors Industry.

The Global Digital Radiography Detectors Industry is segmented based on product type into:

Indirect Flat Panel Detectors
Direct Flat Panel Detectors
Computed radiography (CR) Detectors

The report analyses the Global Digital Radiography Detectors Industry based on panel size and presents the forecast in terms of value for the next 8 years. Based on the panel size, the Global Digital Radiography Detectors Industry is segmented into:

Large Area Detectors
Small Area Detectors

The report analyses the Global Digital Radiography Detectors Industry based on the modality and presents the forecast in terms of value for the next 8 years. Based on the modality, the Global Digital Radiography Detectors Industry is segmented into:

Portable Detectors
Fixed Detectors

The report analyses the Global Digital Radiography Detectors Industry based on the module type and presents the forecast in terms of value for the next 8 years. Based on the module type, the Global Digital Radiography Detectors Industry is segmented into:

Digital X-ray Systems
Retrofit X-ray Systems

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The report analyses the Global Digital Radiography Detectors Industry based on regions and presents the forecast in terms of value for the next 8 years. Based on regions, the Global Digital Radiography Detectors Industry is segmented into:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe

Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific Excluding China & Japan (APEJ)
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
Japan
MEA
- GCC Countries
- South Africa
- Rest of MEA

Author

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

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Semiconductor Capital Equipment Market Poised for Remarkable Growth, Forecast to Reach US$ 161 Billion by 2033

According to Future Market Insights, the worldwide semiconductor capital equipment market is predicted to rise significantly between 2023 and 2033. The market is expected to be worth $161 billion by 2033, with a 7.0% compound annual growth rate. This is a significant increase above the expected value of US$ 82 billion in 2023.

The increasing demand for improved electronic gadgets is the primary driver of market growth. These gadgets demand high-performance semiconductors. Emerging technologies rely significantly on semiconductors to provide processing power. As a result, the need for semiconductor capital equipment is growing.

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The increasing complexity of manufacturing processes is anticipated to offer opportunities for semiconductor capital equipment manufacturers. Advanced packaging techniques are contributing to this complexity. Capital equipment manufacturers can develop innovative solutions to meet the demands of these processes.

Key Takeaways from this Market:

The semiconductor capital equipment industry in the United States is predicted to reach US$ 26.7 billion by 2033.
The semiconductor capital equipment industry in the United Kingdom is estimated to expand at a CAGR of 5.4% between 2023 and 2033.
During the forecast period, the semiconductor capital equipment industry in China is expected to reach a market valuation of US$ 42.2 billion.
The semiconductor capital equipment industry in Japan is predicted to boom at a 7.2% CAGR through 2033.
South Korea’s semiconductor capital equipment industry is predicted to achieve a market revenue of US$ 10.1 billion by 2033.
With a CAGR of 6.9% from 2023 to 2033, the wafer-level manufacturing equipment segment is expected to dominate the semiconductor capital equipment industry.
With a CAGR of 6.8%, the memory manufacturers segment is expected to dominate the semiconductor capital equipment industry until 2033.

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Growth Drivers

Rising demand for Consumer Electronics

The desire for convenience in our daily lives, along with improved connection and technical breakthroughs, is driving the expanding demand for consumer electronics.

Technological Advancements

Innovations in technology are essential to the consumer electronics sector. Innovation in areas including connectivity, battery life, display technologies, and CPUs has resulted in gadgets that are more potent, effective, and adaptable.

AI and Data Centers

The semiconductor capital equipment market is significantly impacted by data centers and artificial intelligence. AI is being utilized to increase yield and efficiency in a number of semiconductor manufacturing processes, including defect identification, process optimization, and quality control.

Key Players

Applied Materials
ASML Holding N.V.
KLA-Tencor
Lam Research
Tokyo Electron
ASM International
Advantest
Hitachi High-Technologies
Kulicke & Soffa
Nikon

Recent Developments:

Lam Research opened its second research and development center in India in September 2022. The primary objective is to empower local engineers to finalize designs and decrease reliance on their counterparts in the United States.
KLA Corporation unveiled its intentions to create a fresh research and development division as well as a manufacturing center for its SPTS division in the United Kingdom in September 2022.

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Market Segmentation:

By Product:

Wafer-level Manufacturing Equipment
Die-level Packaging and Assembly Equipment
Automated Test Equipment

By Application:

Foundries
Memory Manufacturers
Integrated Device Manufacturers (IDMs)

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author:

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Microdermabrasion Devices Market is Expected to Reach US$ 864.2 Million Growing at a 5.3% CAGR

The global microdermabrasion devices market is anticipated to have a prosperous future, with a projected compound annual growth rate (CAGR) of 5.3% from 2023 to 2033. This rising trajectory is expected to propel the market value from an estimated US$ 514.8 million in 2023 to a noteworthy US$ 864.2 million by 2033, according to Future Market Insights.

The growing demand for less invasive cosmetic procedures is expected to fuel growth in the microdermabrasion equipment market. The need for microdermabrasion equipment is growing as people become more sensitive of their looks. Dermatology has seen a surge in the number of treatments administered, and future growth in the discipline is anticipated.

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This method of exfoliating the skin reveals new, smooth, and soft skin cells while also improving the tone and texture of the skin. Following medical microdermabrasion, the skin is more able to absorb anti-aging and acne creams. The procedure also thickens the dermis and increases resistance to the aging process by stimulating the underlying epidermis, which encourages the production of new collagen.

The goal of any microdermabrasion procedure is to get rid of dead skin. Many surface problems, such as dullness, mild to moderate acne, hyperpigmentation, and fine wrinkles, can be resolved by microdermabrasion. Crystal microdermabrasion involves spraying fine crystals over the face with a wand. Dead skin is removed as the skin abrades across the skin and is collected by the associated vacuum. The majority of crystals used in crystal microdermabrasion are organic sodium bicarbonate or nontoxic aluminum oxide.

Competitive Analysis:

Some of the prominent players working in the global market are-

Altair Instruments
Lumenis Ltd
Sylvan Company
ImageDerm Inc
PMD Beauty
Kosmet, Inc
Johnson & Johnson
Dermamed Solutions
MacroDerma.com
Dermaglow

Recent Developments in the Microdermabrasion Devices Market

In September 2018, the company Candela Corporation obtained the Ellipse A/S which is one of the leading companies for intense pulsed light and is a laser-based platform for skin care treatments. Therefore through the acquisitions, Candela wanted its products to be strengthened in the marketplace.
In April 2016, The USA-based DermaMed Solution launched its new technical products in Philadelphia for skin care treatment. The new product – geneO+ 3 in 1 Super Facial helps to light fine lines and wrinkles. It is one of the latest technology with a motto to take care of the skin naturally.
In November 2022, Johnson & Johnson announced its intent for separating the Company’s Consumer Health business, by creating a new publicly traded company. The planned separation created two global leaders that are better positioned in delivering improved health outcomes for patients and consumers through innovation, pursue more targeted business strategies and accelerate growth.
In December 2022, Johnson & Johnson took another step forward in the establishment of two independent, market-leading companies with the announcement of Kenvue as the name for the planned New Consumer Health Company. The new corporate brand comes to life through a compelling purpose and a timeless visual brand.

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Key Segmentation

By Type:

Diamond Microdermabrasion Devices
Crystal Microdermabrasion Devices

By Application:

Acne
Minor Acne Scarring
Enlarged and Clogged Pores
Spots and Blemishes
Fine Lines and Wrinkles
Uneven Skin Tone
Coarse Skin Texture
Saggy Skin

By End User:

Hospitals
Dermatology Clinics
Spas and Beauty Parlors

By Region:

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

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