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Middle East Veterinary Vaccines Industry is expected to reach US$ 973.8 Million at a stable 4% CAGR By 2033 | FMI Study

Veterinary Vaccine Industry Analysis in Middle East — Veterinary Vaccine Industry Analysis in the Middle East

The Middle East Veterinary Vaccines Industry is poised for significant growth, according to a recent market analysis. The market, valued at US$ 627.1 million in 2023, is expected to climb at a steady Compound Annual Growth Rate (CAGR) of 4% through 2033. This translates to a projected market size of US$ 973.8 million by 2033, reflecting a growing focus on animal health in the region.

The demand for veterinary vaccines has increased over the past few years due to the increasing incidences of foodborne and zoonotic infections among the population in the Middle Eastern region. The pattern of veterinary treatment is shifting from curative/reactive to preventive in these countries. The cost of preventive treatment is much smaller and has far fewer side effects than reactive treatments that often lead to mass slaughter.

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The rebound of economic prosperity in MEA markets is expected to contribute towards increased demand for processed healthy meat products. This will fuel the demand for effective vaccination of livestock, especially in major animal farming and meat-producing nations in the region with a diversified herd such as Sudan, Turkey, Egypt, and KSA.

Rising per capita disposable income levels are largely contributing to the demand for processed food items. This is expected to drive the growth of veterinary vaccines in poultry and livestock segments.

The key players in the veterinary vaccine industry are focusing on finding innovative products to control zoonotic infection rates. Along with this, various advancements in biotechnology are expected to create a favorable platform for the development of various veterinary vaccines in developing markets such as UAE, KSA, Turkey, and Jordan. These techniques include next-generation sequencing, synthetic biology, and systems biology, among others.

Further, continued investments in multi-disciplinary vaccinology research could improve vaccine development efficiency and shorten the time-to-market for upcoming veterinary vaccines.

Key players are working on innovative products, conducting acquisitions, mergers, and agreements with other companies to improve their market presence and tap into less competitive emerging markets.

For instance, In September 2018, Boehringer Ingelheim announced that they would be donating 75,000 doses of rabies vaccines to the Global Alliance for Rabies Control, as an effort to recognize World Rabies Day on September 28^th.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level and help companies to sustain the increasing competitive pressure.

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Key Takeaways from the Middle East Veterinary Vaccines Industry Study

The Middle East veterinary vaccine market is expected to witness consistent growth, reaching a projected value of US$ 973.8 million by 2033.
This growth is driven by a CAGR of 4%, indicating a steady increase in demand for veterinary vaccines.
The current market size stands at US$ 627.1 million in 2023, highlighting the existing base for further expansion.

“Increased demand for processed meat products around the world will drive the demand for veterinary vaccines market in the Middle East,” says the FMI Analyst.

Who is winning?

The key manufacturers of the veterinary vaccines market are adopting strategies such as partnership strategies for global expansion and improving their hold over the global market.

In January 2021, Merck Animal Health announced the acquisition of Poultry Sense Ltd, which provides health and environmental monitoring solutions for the poultry industry.
In September 2019, Ceva, in partnership with Biotecon Diagnostics, announced the launch of their latest product, a real-time diagnostic kit that will help poultry producers fight salmonella infections in their farms.

The key market players of the Middle East veterinary vaccines market include :

JOVA, Bioveta, Inc., Intervac Pvt. Ltd., Zoetis, Elanco, Merial, Merck & Co. Inc, Bayer Pharma AG, Ceva and Boehringer Ingelheim.

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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 2016 to 2031. The Middle East veterinary vaccines 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 into the Middle East veterinary vaccines market. The veterinary vaccines market is segmented into five parts based on vaccine type (attenuated live vaccines, inactivated vaccines, toxoid vaccines, DNA vaccines, recombinant vaccines, and others) based on animal type (companion animals, livestock animals, and equine) based on disease indication (foot and mouth disease, Newcastle disease, PPRS, canine parvovirus, brucellosis, avian influenza, and others), based on end-user (hospital pharmacies, veterinary clinics, private veterinary pharmacies and others) and based on country ( KSA, UAE, Turkey, Jordan, Sudan, Egypt and Rest of MEA).

Middle East Veterinary Vaccines Industry, by Category

By Vaccine:

Attenuated Live Vaccines
Inactivated Vaccines
Toxoid Vaccines
DNA Vaccines
Recombinant Vaccines
Others

By Animal:

Companion Animals
- Canine
- Avian
- Feline
Livestock Animals
- Aquatic
- Bovine
- Porcine
- Small Ruminant
- Poultry
Equine

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By Disease Indication:

Foot and Mouth Disease
Newcastle Disease
PPRS
Canine Parvovirus
Brucellosis
Avian Influenza
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 faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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Camera Technology Market is set to surpass US$ 25.3 Billion by 2032 amid growing need for Video Surveillance in Defense & Aerospace Industries | Future Market Insights, Inc.

The worldwide camera technology market is expected to reach $25.3 billion by 2032. It is expected to have a substantial CAGR of over 12.0% during the forecasted time period. The global market is expected to be worth roughly US$ 8.1 billion in 2022.

In several industries, there is a rising demand for advanced monitoring systems. These industries include retail, defense and aerospace, automotive, healthcare, and manufacturing. Surveillance technology is rapidly being used in cellphones and other consumer electronics devices.

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The core of camera technology is the science and art of controlling light to create images. It further encompasses fields such as digital photography, optics, computers, darkroom supplies, imaging sensor design, photonics, photography equipment, lighting, and other visual analytics media. They are used to project an image onto a computer screen into the bright sunlight to produce camera abstracts.

The past several years have seen the rise of a new wave of scalable, remote-first systems in terms of current CCTV technology. The Transition from analog to 100% streaming video systems, cloud-native solutions, and artificial intelligence-powered video analytics are three significant advancements in video security that are gaining traction.

Important businesses are investing in ‘as a service’ (AaS) solutions as a flexible means of integrating technological advancements into existing procedures and standards. They would also make an effort to follow numerous rules set forth by the Open Network Video Interface Forum. These techniques would enable artificial intelligence to transform video into information that is valuable.

Artificial intelligence can nowadays transform minutes of redundant video footage into data. It enables the investigation of video surveillance trends and patterns.

Today’s security professionals can gain more knowledge from the few minutes of available film that were previously disregarded. It differs from the earlier method of just learning from examples that were manually picked out.

Key Takeaways from Camera Technology Market Study

The global camera technology market witnessed a CAGR of 6% in the historical period.
The USA camera technology market is expected to be worth US$ 4.0 billion by 2032.
China camera technology market is likely to create an absolute dollar opportunity of US$ 4.6 billion by 2032.
Japan camera technology market is anticipated to surge to US$ 3.9 billion by 2032.
As per technology, the 4K pixel and ultra HD display segment is expected to flourish at 8% CAGR from 2022 to 2032.

“In recent years, the consumer electronics industry has been leading the way in integrating video cameras into smartphones and computers. As photography is becoming highly popular, there is an increasing need for digital cameras. Instead of being printed to film as they were with earlier analogue cameras, images and videos can now be taken and stored digitally with a digital camera.” – Says a lead analyst.

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Competitive Landscape: Camera Technology Market

The global camera technology market is extremely competitive as a result of the presence of companies such as Canon Inc., Sony Corporation, and Nikon Corporation. Market rivals are focusing on new product launches to appeal to niche consumer groups. The smartphone business will likely present the market with fierce competition on a worldwide scale.

For instance,

In January 2023, Communications AB introduced its high-speed PTZ camera, the AXIS Q6318-LE. Day/night functionality and IR illumination are features of the new camera. It has a 1/2″ sensor with a high 4K UHD resolution and a 31x optical zoom. The reasonably priced camera makes it simple to deploy and create long-distance connections thanks to fiber connections & PoE capabilities. Two temperature zones on the camera can be used to reduce energy consumption. It is especially useful when the camera is powered by batteries or solar panels.

Key Companies Profiled are Axis Communications AB, Bosch Security Systems, Flir Systems Inc., Infineon Technologies AG, Nikon Corporation, Occipital Inc., Panasonic Corporation, Pelco Incorporated, Apple Inc., Sony Corporation, Red Digital Cinema Camera Company

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

The study reveals extensive growth in the camera technology market in terms of component (microcontrollers & microprocessors, sensors, integrated circuits), technology (advanced camera tools technology, depth sensing technology, infrared thermal technology, 4K pixel & ultra HD display technology, scientific CMOS image sensor technology), application (consumer electronics, robotics & gaming, media & entertainment, automotive, healthcare, defense & aerospace, industrial), and region.

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Camera Technology Market Outlook by Category

By Component:

Microcontrollers and Microprocessors
Sensors
Integrated Circuits
Other Components

By Technology:

Advanced Camera Tools Technology
Depth Sensing Technology
- Time of Flight
- Structure Light
Infrared and Thermal Technology
4K Pixel and Ultra HD Display Technology
Scientific CMOS Image Sensor Technology

By Application:

Consumer Electronics
Robotics and Gaming
Media and Entertainment
Automotive
Healthcare
Defense and Aerospace
Industrial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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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Endocavity Transducer Market Standard Growth at 3.8% CAGR, Reaching US$ 5538.0 Million by 2033

The endocavity transducer market is projected to increase at a 3.8% CAGR from 2023 to 2033, and to be valued US$ 3820.8 million by 2023. The endocavity transducer market is projected to be valued US$ 5538.0 million by the end of 2033.

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An endocavity transducer is a tool that visualizes the transvaginal and colorectal areas within using ultrasonic sound waves. It is inserted into body cavities to diagnose problems with the transvaginal and colorectal organs. It is an actuator combined with a sensor.

Key Takeaways:

The endocavity transducer market is estimated to reach US$5.54 billion by 2033, growing at a CAGR of 3.8% from its 2023 valuation of US$3.82 billion.
Rising demand for minimally invasive colorectal and transvaginal procedures is a key driver.
Endocavity transducers offer advantages over traditional imaging techniques like X-rays and MRIs.
Real-time image guidance during surgeries enhances precision and reduces patient discomfort.

Endocavity transducers are devices that transform electrical signals into ultrasonic energy, which can be injected into tissue and subsequently emitted as an image by the tissue. An same coating of material is placed to the transducer’s tip to increase the patient’s energy transfer efficiency.

Competitive Landscape:

Philips Healthcare, GE Healthcare, Mindray ZONARE, Toshiba Medical Systems, FUJIFILM SonoSite, Inc., Hitachi Medical Systems, Providian Medical, and others are among the top worldwide endocavity transducer manufacturers.

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Key Segmentation:

By Application:

Obstetrics/ Gynaecology
Urology

By Product Type:

Curvilinear
Phased array
Endocavity
Linear

By End-User:

Hospitals
Ambulatory Surgical Centres
Clinics
Diagnostic Centres

By Region:

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

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T: +1-845-579-5705

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Emergency Shutdown System Market may Surpass US$ 4.4 Billion by 2032 at a CAGR of 8.1% as demand from the Power Generation sector rises | Future Market Insights, Inc.

In 2022, the worldwide emergency shutdown system market is expected to generate around US$ 2.0 billion. Sales of emergency shutdown systems are expected to grow at an 8.1% CAGR throughout the projected period. By 2032, the global market for emergency shutdown systems will be worth US$4.4 billion.

Emergency shutdown solutions continue to be widely adopted in the oil and gas industry. According to Future Market Insights, the oil & gas industry will grow at a 7.9% CAGR from 2022 to 2032.

Emergency shutdown systems have become key tools for enhancing safety in a variety of sectors. They enable industries to reduce fatalities and improve worker safety. The worldwide market is being driven by growing usage in industries such as power generation and oil and gas.

To significantly lower the likelihood of an uninvited incident, an emergency shutdown system is a system or procedure that stops application operations and isolates from inbound connections or currents.

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There is an increase in demand for natural resources such as oil and gas to meet the world’s growing energy needs. Oil and gas consumption has significantly increased recently, and they are important to the world economy.

By 2026, the demand for crude oil is forecast to reach around 104 million barrels per day, up from about 99 million barrels per day it was in 2018. With the increase in demand for crude oil, it is projected that oil production will increase as well.

The widespread use of emergency shutdown systems in the oil and gas industry to prevent oil spills that could harm the environment will fuel demand for advanced emergency shutdown systems.

There is a rise in the construction of thermal and nuclear power plants worldwide. This is due to the rising demand for energy. In around 30 nations, about 440 nuclear reactors are operating.

Rising demand for emergency safety systems as a result of nuclear energy’s extremely dangerous nature and the risk it poses to both the environment and people will boost the global market.

Key Takeaways from the Emergency Shutdown System Market Report:

Global emergency shutdown system sales are forecast to surge at 8.1% CAGR through 2032.
By component, the sensors segment will expand at 8.0% CAGR over the next ten years.
By industry vertical, the oil & gas segment will progress at 7.9% CAGR through 2032.
The USA emergency shutdown system market size is set to reach US$ 1.0 billion by 2032.
Sales of emergency shutdown systems across China will rise at 9.1% CAGR through 2032.
The South Korean emergency shutdown system market is likely to cross the US$ 163.1 million mark by 2032.
Emergency shutdown system demand in the United Kingdom will increase at 7.3% CAGR.

“Growing safety concerns across power generation and oil & gas sectors will boost the market. Further, implementation of stringent safety regulations will bode well for the market,” – says a lead analyst at Future Market Insights (FMI).

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Who is Winning?

ABB Ltd, Rockwell Automation Inc, Emerson Electric Co., HIMA Paul Hildebrandt GmbH, Versa Products Company Inc., Honeywell International Inc., Nov Inc., General Electric Company, Yokogawa Electric Corporation, Schneider Electric SE, Siemens Aktiengesellschaft, and Winn-Marion Companies are leading emergency shutdown system manufacturers profiled in the report.

These key players are focusing on launching new reliable emergency shutdown systems. They are also adopting merger & acquisition strategy as well as forming alliances and partnerships.

Global Market Segmentation:

By Component:

Switches
Sensors
Programmable Safety Systems
Safety Valves
Actuators

By Control Method:

Pneumatic
Electrical
Fibre optic
Hydraulic

By Industry Vertical:

Oil and Gas
Refining
Power Generation
Metal and Mining
Paper and Pulp

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

More Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the emergency shutdown system market presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.

The study reveals extensive growth in the emergency shutdown system market in terms of component (switches, sensors, programmable safety systems, safety valves, and actuators), control method (pneumatic, electrical, fiber optic, and hydraulic), and industry vertical (oil and gas, refining, power generation, metal and mining, and paper and pulp) across several regions.

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Author:

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Global Orthopaedic Imaging Equipment Industry is expected to grow at a 4.0% CAGR and reach a valuation of US$14.6 Billion by 2031 | According to FMI

Global Orthopaedic Imaging Equipment Industry Future Market Insights (FMI), a leading market research firm, forecasts significant growth in the Global Orthopaedic Imaging Equipment Industry. According to their recent study, the market reached an estimated value of US$9.8 billion in 2021 and is projected to climb to US$14.6 billion by 2031, reflecting a healthy CAGR.

Orthopaedic imaging equipment is the medical imaging equipment used for bone scanning, and implant scanning and is utilized for diagnosis purposes. Different imaging technologies such as X-rays, MRI, ultrasound, EOS, and nuclear imaging are included in Orthopaedic imaging equipment.

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Rising prevalence of Orthopaedic diseases and bone injuries, technological advancement in Orthopaedic imaging equipment devices, and rise in research and development activities by key manufacturers are factors driving the Global Orthopaedic Imaging Equipment Industry.

Numerous medical imaging modalities are currently enabling three-dimensional (3D) visualization with accuracy, and rapid diagnoses. Advancements in 3D imaging have led to development in computer-assisted detection (CAD) and image analysis applications. This is expected to boost the market for modality, primarily in tomographic imaging techniques.

Moreover, surgeons are using 3D imaging to plan surgeries, which has led to increased application of these systems. This is expected to increase the utilization of imaging equipment, especially across the U.S. and the U.K.

Consequently, these devices are also gaining high traction in Asia such as China and India due to the growing demand for better healthcare infrastructure. Improving healthcare infrastructure and technological developments in these countries will increase the demand for 3D medical imaging equipment.

Key Takeaways from Global Orthopaedic Imaging Equipment Industry Study

In terms of product type, the X-ray systems is expected to account for 28.0%, expanding at a CAGR of 3.3% during the forecasted period.
By indication, the acute injuries segment will contribute over 56.6% of sales in the Global Orthopaedic Imaging Equipment Industry.
Hospitals and radiology centers will, collectively, account for 68.2% of the market share in 2021.
With the advancements in technologies as well as the increasing geriatric population, North America held the largest share of over 30.5% in 2021.
India and China are expected to lead the growth of South and East Asia in the Global Orthopaedic Imaging Equipment Industry.

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Who is winning?

The key market players covered by FMI include General Electric Healthcare Limited, Siemens AG, Esaote SPA, Hitachi Ltd, Koninklijke Philips N.V, PLANMED OY, EOS Imaging, Canon Medical Systems Corporation, Carestream Health and Neusoft Corporation.

Some of the leading manufacturers of the Global Orthopaedic Imaging Equipment Industry are focusing on the development of advanced and cost-effective products establishing distribution agreements, collaborations, and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

In September 2021, GE Healthcare acquired BK Medical for $1.45Bn to expand its $3bn ultrasound business from diagnostics to surgical and therapeutic interventions.
In April 2016, Hitachi Ltd Company integrated Hitachi Medical Corporation and Hitachi Aloka Medical into Hitachi Ltd to strengthen its manufacturing operations and to develop low-cost medical devices.

Global Orthopaedic Imaging Equipment Industry by Category

By Product:

X-Ray Systems
CT-Scanner
MRI Systems
EOS Imaging Systems
Ultrasound
Nuclear Imaging Systems

By Indication:

Acute injuries
- Sports injuries
- Trauma cases
Chronic Disorders
- Osteoarthritis
- Osteoporosis
- Prolapsed Disc
- Degenerative joint diseases
Others

By End-User:

Hospitals
Radiology Centers
Emergency Care Facility
Ambulatory Surgical Centers

By Region:

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

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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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Dental Piezoelectric Ultrasonic Unit Market Expected to Reach US$361.1 Million by 2033 at a CAGR of 5.2%

The global dental piezoelectric ultrasonic unit market is expected to increase at a substantial rate, with a predicted CAGR of 5.2% from 2023 to 2033. This means that by 2033, the market value is anticipated to reach US$361.1 million, up from US$216.9 million in 2023.

Dental piezoelectric ultrasonic unit sales are anticipated to soar due in large part to rising dental costs and a growing desire for minimally invasive procedures. It is predicted that increased public awareness of dental treatment gadgets and their exorbitant costs will reduce these units’ sales.

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On the other hand, prospects and market share are projected to rise through M&A, investments, and product portfolio expansion in rising markets.

Key Growth Drivers:

Rising Demand for Minimally Invasive Procedures: Patients are increasingly seeking minimally invasive dental procedures, and dental piezoelectric ultrasonic units cater to this preference. These units offer a less disruptive and more comfortable experience compared to traditional methods.
Growing Dental Expenditure: Consumers are spending more on dental care, which fuels the market for advanced dental equipment like piezoelectric ultrasonic units.

Key Takeaways:

The global dental piezoelectric ultrasonic unit market is projected to grow at a CAGR of 5.2% from 2023 to 2033, reaching a value of US$361.1 million.
Rising dental expenditures and growing demand for minimally invasive procedures are key growth drivers.
Limited awareness about these units and high treatment costs may hinder market expansion.
Mergers and acquisitions, product portfolio expansion in emerging markets, and increasing investment are potential growth opportunities.

Competitive Landscape:

The global dental piezoelectric ultrasonic unit market share is fragmented as a result of the existence of several players. This ultrasonic unit is becoming more and more in demand in both developed and emerging economies. The number of distributors and suppliers has increased due to the worldwide market.

Vital Dental Piezoelectric Ultrasonic Unit Manufacturers

A-dec Inc. – It is a dental office furniture and equipment manufacturer based in Newberg, Oregon, United States. It is considered one of the world’s largest dental equipment makers; as of 2002, it is Newberg’s largest employer with 832 employees.

Dentsply Sirona – It is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries.

KaVo Dental GmbH – It is a dental products manufacturer with a comprehensive range of dental products, from expertly-designed dental instruments to practice equipment, etc.

Planmeca – It is a Finnish manufacturer of high-tech dental equipment, such as 3D and 2D digital imaging devices, dental units, CAD/CAM solutions and software. Planmeca works in close cooperation with dental universities and institutions.

Osada Inc. – It is a direct distributor of top-quality dental and medical equipment by Osada Electric Company, Limited. Dentists, orthodontists, periodontists, and other dental health professionals have trusted Osada products to provide the best tools and highest quality customer service for years.

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Other Vital Dental Piezoelectric Ultrasonic Unit Manufacturers:

Cefla S.C.
Abbott Laboratories
Boston Scientific Corporation
Parkell Inc.
Foshan YaYou Medical Equipment
Magpie Tech Corp.
Den-Mat Holdings LLC
Coltene Whaledent Pvt. Ltd
Aseptico Inc.
Deldent
Henry Schein Inc.
DENTSPLY International
Kerr Corporation

Key Segments:

By Product Type:

Piezoelectric Ultrasound Scalers
Accessories
Hand Piece
Tips
Piezo Tip Wrenc

By End User:

Hospitals
Ambulatory Surgical Centers
Dental Clinics
Group Dental Practices
Academic Institutes

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Floral Flavor Market Positioned for Expansion to US$ 26,827.2 Million by 2033 | Future Market Insights, Inc.

The floral flavor market is forecast to expand at 5% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 16,390 million in 2023. The market value of the floral flavor market is anticipated to reach a high of US$ 26,827.2 million by the year 2033.

The floral flavors are extensively used in craft beers, botanical mixes, food products, and ready-to-drink beverages. High demand for food and beverages infused with floral flavor is projected to catapult market growth. Ample health benefits are associated with floral flavors like the ease of urinary issues, effective bloating, cure of bone abnormalities like arthritis, and prevention of cognitive problems like insomnia, etc. Heightened awareness regarding the healthful advantages of floral flavors is projected to propel market development.

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Growing demand for clean labels and natural goods suffused with natural flavors, along with increasing health issues and discretionary incomes, is projected to positively influence the market. Changes in living standards and robust urbanization also augment the sale of floral flavors.

As cases of cognitive issues are rising, the use of chamomile tea and lavender lattes is increasing. Additionally, edible flowers as an alternative to sugar are seeing quite a surge. However, the market may dip due to lowered production and increased inflation.

Top competitors in the market are employing state-of-the-art competitive strategies to enhance their share in the market. Besides, the companies constantly evolve their product portfolio to extend their horizons.

Top Highlights from the FMI’s Analysis of the Floral Flavor Market:

The United States floral flavor industry is projected to account for more than 21.3% market share by 2023.
The German floral flavor industry is expected to surpass a market share of 5.1% in the forecast period.
The Japanese floral flavor industry is anticipated to account for above 4.6% in the next decade.
The Australian floral flavor industry gained a 3.3% market share in 2022.
The Indian industry is anticipated to propel at a CAGR of 22.3% over the forecast period.
The United Kingdom’s floral flavor industry is expected to expand at a CAGR of 5.8% in the upcoming years.
The China floral flavor industry is projected to register a CAGR of 5.4% in the next ten years.
Based on the product, the natural segment is estimated to account for a substantial market share.
Food and beverages are expected to be the leading end uses in the floral flavor industry.

Key Developments in the Floral Flavor Industry:

Firmenich and DSM revealed in May 2022 that they had reached a business combination agreement to set up a leading innovation and creative partner in beauty, nutrition, and well-being. The combination is projected to unite DSM’s excellent nutrition and health profile and world-renowned scientific expertise with Firmenich’s discrete Perfumery and Taste businesses.
Densient Technologies Corporation officially declared in October 2021 that it had obtained the assets of Flavor Solutions, Inc. The business offers flavor technologies and flavors to the beverage, food, and nutraceutical markets. Procurement of this business is projected to enable Sensient to widen its flavor portfolio and introduce key technologies to invigorate its technical solution capabilities.
Symrise agreed to obtain Giraffe Foods, a Canadian firm providing dips, sauces, syrups, etc., to business customers in retail, food service, and home meal replacement. This acquisition is projected to provide a broader range of taste solutions to more customers in North America.

“The floral flavor market, as indicated in our recent research study, is poised for significant growth. This market’s expansion is primarily driven by the burgeoning demand for floral-infused products in craft beers, botanical mixes, food items, and ready-to-drink beverages,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Some of the key companies increasing in the market are:

Givaudan S.A.
Symrise AG
International Flavors & Fragrances Inc.
Firmenich SA
Sensient Technologies Corporation
Takasago International Corporation
Frutarom Industries Ltd.
Robertet SA
S H Kelkar and Company Limited
International Taste Solutions Ltd.
Dohler GmbH
Blue Pacific Flavors, Inc.
Others

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Key Segments in the Floral Flavor Market:

By Raw Material:

Hibiscus
Lavender
Orange Flower
Rose
Jasmine
Cherry Blossom
Chamomile
Violette
Other

By Product Type:

Organic
Synthetic

By Region:

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

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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Yogurt Market Poised for Rapid Expansion with 5.9% CAGR from 2023 to 2033

The global yogurt industry is anticipated to surge from US$ 44,808.5 million in 2023 to US$ 79,147.2 million in 2033. It is anticipated to expand rapidly between 2023 and 2033, with a CAGR of 5.9%.

Yogurt’s nutritional benefits, which include the reduction of type 2 diabetes, colon cancer, and osteoporosis risk, are expected to drive growth on a global scale. It can also help promote good digestion and strengthen the immune system.

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Sales are expected to be boosted in the medium term by elements including accessibility of a wide range of tastes, awareness of yogurt’s nutritional content, and surging public awareness of the significance of a healthy diet. This is further motivating producers to focus on creating goods with unique flavors and health advantages.

Yogurt can also be found fortified with extra vitamins and minerals, making it a nutritious snack option. Recipes frequently incorporate yogurt to add taste and texture. It can be used as a taco or salad topping, as well as a substitute for sour cream or mayonnaise in dips.

Protein shakes and cereal bowls both frequently contain yogurt. Yogurt comes in a wide range of tastes, including savory flavors such as ranch and buffalo, as well as fruity and sweet ones. Yogurt sales will increase during the projected period, according to Future Market Insights, as online platforms quickly supplement in-store purchases.

Demand for yogurt is rising along with the desire for portable snacks. Yogurt manufacturers strive to advance their industries and make goods with consistent, superior potencies at affordable prices by developing new technology.

Key Takeaways from Yogurt Market Study

The USA yogurt market is anticipated to remain dominant with 4% of the global market share during the estimated time frame.
The global yogurt industry witnessed growth at a CAGR of 4% between 2018 and 2022.
China yogurt market is predicted to reach a valuation of US$ 2,643.7 million by 2033.
India yogurt industry is anticipated to expand at a significant CAGR of 9% over the forecast period.
The United Kingdom yogurt market is set to register a lucrative CAGR of 1% in the next ten years.

“Due to significant demand for low-fat, low-sugar desserts, the yogurt market is anticipated to surge during the forecast period. Macroeconomic factors such as rising need for ice cream alternatives among kids and high health consciousness might have a positive impact on the market,” says a lead analyst at Future Market Insights.

Competitive Landscape: Yogurt Market

Due to the presence of several local and regional competitors, the yogurt industry is extremely fragmented and competitive on a global level. Key companies are using a variety of marketing tactics such as partnerships, purchases, mergers, and collaborations to stay on top. Stakeholders in the yogurt sector are more interested than ever in sustainability and certification.

For instance,

The new Silk Greek yogurt was presented by Danone, a French multinational food products company in August 2021. There are four flavors to choose from: lemon, vanilla, blueberry, and strawberry. The business hopes to provide its clients with plant-based yogurt options with this launch.

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In its latest offering, Future Market Insights offers a thorough study of the yogurt market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global yogurt market based on product type (yogurt drinks, Greek yogurt, set yogurt, frozen yogurt), distribution channel (hypermarkets, retailers, convenience stores, specialist retailers), and region.

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Yogurt Market Outlook by Category

By Product Type:

Yogurt Drinks
Greek Yogurt
Set Yogurt
Frozen Yogurt

By Distribution Channel:

Hypermarkets
Retailers
Convenience Stores
Specialist Retailers

By Region:

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

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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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Electric Linear Actuator Market Surpasses US$ 20 Billion, Projected to Reach US$ 34 Billion by 2032

In 2022, the global sales market for electric linear actuators was valued at $20.5 billion. Over the next ten years (2022-2032), the global electric linear actuator market will grow at a 5.3% CAGR. The global market size is expected to be over $34.3 billion.

DC electric linear actuators will continue to be the best-selling category through 2032. According to Future Market Insights, the target category will grow at a 5.2% CAGR from 2022 to 2032.The worldwide market is being driven by rising demand for industrial, commercial, and medical applications. Growing need for automation and robotics will drive up demand for electric linear actuators.
Electric linear actuators are becoming increasingly used in robotics and industry automation.

Electric linear actuators are used because they offer the user better precision and more consistency. Rising penetration of automation in the manufacturing of automobiles is likely to boost sales through 2032.

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Today, more and more automotive manufacturers are using automation and robotics. Robots perform procedures such as spot welding, clamping and fixing, and assembly pressing.

High adoption of robotics in automotive industry will propel electric linear actuator demand. This is because they have become crucial components of robots.

The most common type of electric linear actuator used is the DC electric linear actuator. There is a wide variety of industries that make use of DC electric linear actuators. One of the leading industries that use DC linear actuators is the aerospace industry.

The aerospace industry makes use of DC electric linear actuators in aircraft systems such as landing gear, flaps, and slats to control the movement of the aircraft.

Hence, rising demand for automation in aerospace & automotive sectors will boost the market. Further, increasing usage of electric linear actuators in medical devices and agricultural equipment will bode well for the market.

Key Takeaways from the Electric Linear Actuator Market Report:

Global electric linear actuator sales are set to soar at 5.3% CAGR over the next ten years.
Based on type, DC electric linear actuators segment is forecast to expand at 5.2% CAGR.
By application, industrial segment will rise at 5.1% CAGR between 2022 and 2032.
The United States electric linear actuator market will exceed a valuation of US$ 5.4 billion by 2032.
Demand for electric actuators in China is set to surge at 6.7% CAGR over the next decade.
Japan electric linear actuator market size will reach US$ 5.3 billion by 2032.
Sales of electric linear actuators in South Korea will rise at 5.7% CAGR through 2032.

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“High penetration of automation and robotics will boost electric linear actuator demand. Hence, key market players are expanding their portfolios to gain maximum profits.” Says a lead Future Market Insights analyst.

Who is Winning?

Parker Hannifin, SKF, Helix Linear Technologies, Linak, Tolomatic, Moteck Electric, Timotion Technology, Altra Industrial Motion Corp., Moog Inc, and Dewertokin are few leading manufacturers of electric linear actuators.

These companies are aiming at developing novel electric linear actuators for specific applications. They are also adopting mergers, partnerships, collaborations, and acquisitions to expand their presence and expertise.

Global Electric Linear Actuator Segmentation:

By Type:

DC Electric Actuators
AC Electric Actuators

By Application:

Industrial
Medical
Commercial

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Digital Stethoscope Market Growth at 5.7% CAGR, Reaching US$539.6 Million by 2034

The digital stethoscope market with substantial growth potential; by 2034, its estimated valuation will be US$539.6 million. This amounts to a moderate cumulative annual growth rate (CAGR) of 5.7% starting in 2024, indicating that healthcare professionals are becoming more and more interested in innovative medical equipment.

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This surge in demand for digital stethoscopes can be attributed to several key factors:

Rising Adoption of Digital Tools in Healthcare: Medical professionals are increasingly embracing digital equipment to streamline examination processes, making digital stethoscopes a favorable choice.
Growing Prevalence of Chronic Diseases: With no letup in respiratory and cardiovascular disease rates, digital stethoscopes are proving a valuable tool alongside traditional models to meet the rising need for examinations.
Expanding Geriatric Population: The ever-growing geriatric population is driving the demand for digital stethoscopes in healthcare facilities.
Enhanced Diagnostic Capabilities: Digital stethoscopes amplify and clarify heart sounds, offering improved diagnostic capabilities for medical professionals compared to traditional stethoscopes.
Increased Functionality: Digital stethoscopes boast superior functionality compared to traditional models, enabling faster detection of conditions like atrial fibrillation.

Key Takeaways:

The digital stethoscope market is estimated at US$310.0 million in 2024 and is projected to reach US$539.6 million by 2034, growing at a CAGR of 5.7%.
Rising adoption by healthcare professionals seeking smarter examination methods is a key driver.
Increasing prevalence of respiratory and cardiovascular diseases is fueling demand for advanced diagnostic tools.
Growing geriatric population creates a larger patient base for examinations using digital stethoscopes.
Enhanced functionalities like sound amplification, recording, and improved detection capabilities make digital stethoscopes a compelling choice.

Competitive Landscape in the Digital Stethoscope Market:

A small number of trustworthy businesses control a sizable portion of the industry. There is still space in the market, nevertheless, for small and medium-sized businesses to grow. There’s a lot of startup culture in the market, and these companies want to stand out from the competition by offering unique items.

Like other businesses in the healthcare space, companies involved in the digital stethoscope market aim to work together with other medical companies in order to broaden their market reach. For a significant number of market participants, acquisitions and mergers are also components of their strategy.

Recent Developments in the Digital Stethoscope Market

In a study published in November 2023, it was posited that AI-enabled digital stethoscopes could be used to detect peripartum cardiomyopathy in pregnant women.
In September 2023, FIGS, Inc. and Eko Health Inc. joined forces to launch the FIGS | Eko CORE 500 Digital Stethoscope. The stethoscope boasts of having unrivaled noise filtration and clarity of sounds picked from hearts and lungs.
In October 2022, Ai Health Highway India launched the AiSteth digital stethoscope. The digital stethoscope was developed with the aim of making the work of medical professionals in rural areas easier.
In April 2022, the Centre for Development of Advanced Computing (C-DAC) in India launched a wireless electronic stethoscope. The stethoscope allows doctors to remotely examine patients.

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Key Companies in the Digital Stethoscope Market:

FarmaSino Pharmaceuticals
Contec Medical Systems
Hefny Pharma Group
Eko Health Inc.
3M
Think Labs Medical LLC
TeleSensi
American Diagnostics
EKuore
Hill-Rom

Key Segments:

By Product Type:

Amplifying Stethoscope
Digitalization Stethoscope

By Technology:

Integrated Chest-Piece System
Wireless Transmission System (Bluetooth)
Integrated Receiver Head-Piece System
Numerical Simulation and System Integration

By End User:

Hospitals
Clinics
Healthcare Institutes & Organizations
Home Care Settings
Others

By Region:

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

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Nandini Singh Sawlani

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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