Global Digital X-rays Market is anticipated to reach US$34.50 billion by 2034, with a growing demand in specialized medical imaging facilities

The market size for digital X-rays is estimated to be around US$ 14.40 billion in 2024. It is projected to exhibit a CAGR of 9.10% over the forecast period, with an estimated market size of US$ 34.50 billion in 2034.

The increasing prevalence of chronic diseases such as diabetes, obesity, and hypertension in developed economies has led to the requirement for frequent diagnostic imaging for better treatment. Healthcare providers, both public and private, are becoming more aware of the benefits of digital X-rays as compared to traditional imaging methodologies. This growing awareness has led to the integration of artificial intelligence in radiography and imaging systems for automated analysis and interpretation.

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The rising geriatric population in countries such as Japan, China, Germany, etc., requires enhanced diagnostic capabilities. Significant investments by government bodies in the healthcare sector to improve the existing infrastructure in countries like India, the United States, and China have further fueled the demand for digital X-rays. The cost-effectiveness and long-term saving abilities of digital X-ray methodologies have also increased their adoption in healthcare facilities, hospitals, clinics, etc.

Improved patient comfort and safety with lower radiation exposure make digital X-rays a preferred choice for both healthcare providers and patients. Digital X-rays are also growing among specialized facilities focused on medical imaging services, such as MRI, CT scans, and X-rays. Beyond medical applications, digital X-ray technology is used in industrial settings for non-destructive testing, quality control, and inspection of materials, welds, and components.

“Companies in the digital X-ray market must embrace emerging technologies such as artificial intelligence to enhance diagnostic capabilities. They must also develop solutions that address the cost concerns of healthcare providers, especially in smaller facilities or developing regions,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Market Study:

  • The digital radiography segment dominates the global digital X-ray market, expanding at a CAGR of 8.60% through 2034.
  • On the basis of modality, the radiography segment is expected to expand at a CAGR of 8.90% over the forecast period.
  • The digital X-ray market in the United States is anticipated to grow at a remarkable CAGR of 8.70% through 2034.
  • The digital X-ray market in the United Kingdom is estimated to rise at a CAGR of 10.80% through 2034.
  • The digital X-ray market in China has the potential to increase at a 9.90% CAGR through 2034.
  • The Japanese digital X-ray market is predicted to rise at a 10.40% CAGR through 2034.
  • The digital X-ray market in South Korea is very likely to grow at a CAGR of 12.90% through 2034.

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Competitive Landscape:

The market for digital X-rays is highly competitive due to the presence of several companies such as Siemens, Healthineers AG, GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, etc.

These companies hold a strong position in the international healthcare sector as they cater to the radiography needs of hospitals, clinics, ambulatory surgical centers, etc. Key players in the market are focusing on developing affordable devices to enable smaller clinics with limited financial resources to implement digital X-rays.

Recent Developments:

  • In November 2023, Carestream Health introduced Horizon, a compact analog X-ray system customized for small-to-midsized healthcare facilities, offering ease of use and low investment. Featuring a floating tabletop for flexible positioning, the system provides an upgrade path to digital imaging using Focus detectors, overcoming cost barriers for smaller facilities.
  • In July 2023, Konica Minolta Healthcare Americas, Inc., expanded Dynamic Digital Radiography (DDR) systems at healthcare institutions such as Appleton Area Health, New Hampshire Neurospine Institute, Zwanger-Pesiri Radiology, and Summit Medical Center. DDR, a breakthrough in X-ray technology, allowed dynamic visualization of anatomical structures during various clinical applications.
  • In December 2023, German researchers investigated AI assistance for non-radiologists interpreting emergency chest X-rays. Dr. Jan Rudolph of University Hospital LMU Munich discovered significant benefits for non-radiologists in smaller hospitals, enhancing chest X-ray analysis in emergency settings.

Key Companies in the Market:

  • Carestream Health
  • Hitachi Medical Corporation
  • Shimadzu Corporation
  • Agfa-Gevaert Group
  • Hologic, Inc.
  • Varian Medical Systems
  • Konica Minolta, Inc.
  • Samsung Medison Co., Ltd.
  • Planmed Oy
  • MinXray Inc.
  • Bennett X-Ray Technologies
  • iCRco, Inc.
  • Swissray International, Inc.
  • Varex Imaging Corporation
  • Vieworks Co., Ltd.

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Key Segments in the Digital X-ray Market:

By Modality:

  • Radiography
  • Fluoroscopy
  • Mammography

By Technology:

  • Digital Radiography
  • Computed Radiography

By End-Use:

  • Hospitals
  • Diagnostic imaging centers
  • Others

By Region:

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

Author By:

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.

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

Diagnostic X-Ray System Market Size: The global diagnostic x-ray system market is expected to enjoy a valuation of US$ 11.30 Billion by the end of the year 2022, and further expand at a CAGR rate of 6.1% to reach a valuation of ~US$ 20.46 Billion by the year 2032.

X-ray System Market Share: The X-ray system market size is projected to cross a valuation of US$ 11,880.4 million in 2024. The industry is likely to hit US$ 15,969.2 million by 2034.

Dental X-ray Systems Market Demand: Worldwide demand for dental X-ray systems currently accounts for around US$ 1.66 Billion. As per detailed analysis, the global dental X-ray systems market is anticipated to progress at a healthy CAGR of 6.4% and reach a valuation of US$ 2.73 Billion by the end of 2030.

Handheld Dental X-Ray Systems Market Trends: The global handheld dental X-ray systems market is expected to enjoy a valuation of US$ 211.9 million by the end of the year 2022, and further expand at a CAGR of 6.4% to reach a valuation of ~US$ 397.1 Million by the year 2032.

Digital Mobile X-Ray Devices Market Outlook: In 2023, the worldwide digital mobile X-ray devices market is estimated to be valued at US$ 3,873.7 million. Further projections show that growth is expected to continue with an annual growth rate of 6.5% from 2023 to 2033. By the end of this forecast period in 2033, this portable X-ray machine market value could reach US$ 7,272.7 million, marking a key milestone.

X-Ray Positioning Devices Market Overview: The x-ray positioning devices market size is projected to be valued at US$ 280.91 Million in 2022 and is expected to rise to US$ 606.46 Million by 2032. The sales of x-ray positioning devices are expected to grow at a significant CAGR of 8% during the forecast period.

Computer Vision in Healthcare Market Growth: The global computer vision in healthcare market is expected to expand from US$ 2.5 billion in 2024 to US$ 56.1 billion by 2034. By 2034, the market is projected to surge at 36.7% CAGR.

Ophthalmic Surgical Market Development: The global ophthalmic surgical market is expected to grow at a CAGR of 5.7% from 2024 to 2034. The market value is projected to increase from US$ 13,937.8 million in 2024 to US$ 24,194.2 million by 2034.

Ultrasound Market Opportunity: The ultrasound market is set to be valued at US$ 11.70 billion in 2024 and is projected to reach US$ 20.40 billion by 2034, exhibiting a modest CAGR of 5.80% over the forecast period.

Synthetic Biology Market Forecast: The synthetic biology market is expected to rise from US$ 3.75 billion in 2024 to US$ 31.73 billion by 2034, growing at a lucrative 23.8% CAGR over the forecast period.

About Future Market Insights (FMI)

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

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Terrestrial Laser Scanning Market Poised for Robust Growth, Valued at $6.1 Billion by 2032

The market for terrestrial laser scanning is expected to be valued US$ 6.1 billion in 2032, a significant rise from the US$ 3.3 billion reported in 2022. Throughout the evaluation period from 2022 to 2032, this development trend is anticipated to maintain a strong compound annual growth rate of 6.3%.

One of the most important technologies in 3D scanning is terrestrial laser scanning (TLS), especially when scanning huge items and large surroundings. One unique feature of this method—which is mostly used in the construction, surveying, and forestry industries—is the use of tripod-mounted laser scanners.

One of the most effective ways to collect spatial data and create 3D models is now laser scanning. Terrestrial laser scanning is more efficient in collecting spatial data than conventional geodetic methods.

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Key Takeaways from Terrestrial Laser Scanning Market Report:

· By 2032, it is anticipated that the USA terrestrial laser scanning market would be valued US$ 1.9 billion.

· During the projected period, the terrestrial laser scanning market in the United Kingdom is anticipated to expand at a CAGR of about 5.5%.

· The predicted time period will likely see an increasing opportunity of US$ 263.0 million for the China terrestrial laser scanning market.

· The scanning services market is likely to escalate at a CAGR of 6.2% over the projected period of time, based on solution.

· By 2032, it is anticipated that Japan terrestrial laser scanning market will be worth US$ 442.6 million.

Drivers and Opportunities: Technological advancements in laser scanning technology, including enhanced accuracy and faster data processing, are key drivers behind the market’s growth. The increasing need for accurate geospatial data in urban planning, infrastructure development, and environmental monitoring is also creating significant opportunities for market expansion.

Competition Analysis – Regional Trends: The terrestrial laser scanning market is witnessing intense competition among key players aiming to capitalize on the growing demand. Regional trends indicate a higher adoption rate in developed economies, owing to their well-established infrastructure and readiness for advanced technologies.

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Region-wise Insights: North America and Europe have emerged as frontrunners in the adoption of terrestrial laser scanning technology. The demand is driven by the need for precision in construction, infrastructure, and environmental management projects.

Category-wise Insights: Forestry, surveying, and construction sectors are the primary categories harnessing the potential of terrestrial laser scanning technology. The accuracy and efficiency offered by TLS have transformed these industries by streamlining processes and reducing errors.

The Terrestrial Laser Scanning Market’s remarkable growth trajectory highlights the technology’s indispensable role in modern industries. As advancements continue to propel the sector forward, stakeholders and businesses across the globe are recognizing the value of TLS in achieving unprecedented accuracy and efficiency in their operations.

Terrestrial Laser Scanning Market Outlook by Category

By Solution:

  • Scanning Systems
  • Scanning Services

By Technology:

  • Phase-Shift
  • Pulse-Based
  • Optical Triangulation

By Laser Type:

  • Diode
  • Fiber
  • Solid-state

By Application:

  • Building Information Modelling
  • Topographical Survey
  • Forestry and Agricultural Survey
  • Mining Survey
  • Construction Survey
  • Research and Engineering
  • Others

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.

About Future Market Insights (FMI)

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

Contact Us:      

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Osteonecrosis Treatment Market Set for Steady Growth at 4.9% CAGR, Reaching US$ 434.0 Million by 2033

Osteonecrosis Treatment Market
Osteonecrosis Treatment Market

The global osteonecrosis treatment market is anticipated to rise at a consistent compound yearly growth rate (CAGR) of 4.9%, from its estimated value of US$268.2 million in 2023 to a value of US$434.0 million by 2033.

Osteonecrosis: Understanding the Condition

Osteonecrosis, also known as avascular necrosis (AVN), is a debilitating bone disease characterized by the death of bone tissue due to disrupted blood supply. It primarily affects the major joints, including the shoulder, hip, knee, and ankle. The condition can be categorized as non-traumatic or traumatic, arising from various factors including fractures, chronic corticosteroid use, bone dislocations, and alcohol abuse.

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Alcohol Consumption: A Key Driver of Market Growth

A significant factor propelling the osteonecrosis treatment market is the alarming rise in global alcohol consumption. Studies by the National Institute on Alcohol Abuse and Alcoholism (NIAAA) indicate an exponential increase in alcohol consumption within the United States, with a notable doubling of female drinkers in recent years.

Alcohol Abuse and Osteonecrosis: A Dangerous Link

Excessive alcohol consumption disrupts normal lipid metabolism, leading to a heightened risk of alcohol-induced osteonecrosis. This growing trend fuels the demand for osteonecrosis treatment solutions, presenting significant opportunities within the market.

Key Takeaways:

  • The global osteonecrosis treatment market is projected to reach US$434.0 million by 2033, reflecting a rise from US$268.2 million in 2023.
  • This growth is anticipated at a consistent compound annual growth rate (CAGR) of 4.9% throughout the forecast period.
  • The increasing prevalence of osteonecrosis and rising alcohol consumption are identified as key growth drivers for the market.

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Competitive Landscape:

The competitive landscape in the osteonecrosis treatment market is characterized by the presence of several key players and a competitive environment. These players are actively engaged in research and development activities, strategic collaborations, mergers and acquisitions, and product launches to strengthen their market position and gain a competitive edge.

  • Pfizer Inc. Pfizer is a leading pharmaceutical company involved in the development and commercialization of innovative therapies for various diseases, including osteonecrosis.
  • Merck & Co., Inc. Merck is a global healthcare company that develops and markets a wide range of pharmaceutical products, including treatments for osteonecrosis.
  • Novartis AG: Novartis is a multinational pharmaceutical company that offers a diverse portfolio of healthcare products, including therapies for osteonecrosis.
  • Eli Lilly and Company: Eli Lilly is a leading pharmaceutical company known for its innovative treatments in various therapeutic areas, including osteonecrosis.
  • Johnson & Johnson: Johnson & Johnson is a renowned healthcare company that develops and markets pharmaceutical products, medical devices, and consumer healthcare products.
  • Zimmer Biomet Holdings, Inc. Zimmer Biomet is a global leader in musculoskeletal healthcare, providing a range of products and solutions for orthopedic conditions, including osteonecrosis.

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

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Global Erectile Dysfunction Devices Market to Reach US$ 3.9 Billion by 2034, Driven by Tech Integration and Awareness | FMI Report

The global erectile dysfunction device market is anticipated to reach a valuation of US$ 1.5 billion in 2024, driven by healthcare reimbursement policies. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 9.5% between 2024 and 2034, and reaching a total valuation of approximately US$ 3.9 billion by 2034.

One of the major factors contributing to the growth of the market is the integration of digital health technologies, including mobile applications, wearables, and sensor based devices, into erectile dysfunction treatment platforms, which enables remote monitoring of treatment progress, data analytics, and personalized intervention strategies, thereby enhancing patient outcomes and driving market growth.

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Increasing awareness initiatives focusing on male sexual health and wellness are driving conversations around erectile dysfunction, encouraging men to seek timely medical intervention and explore available treatment options, including erectile dysfunction devices.

Collaborative efforts between academia, industry stakeholders, and patient advocacy groups facilitate knowledge exchange, research collaboration, and the development of innovative erectile dysfunction devices tailored to address evolving patient needs and treatment paradigms.

The emergence of regenerative medicine therapies, such as platelet rich plasma therapy and stem cell based treatments, offers potential alternatives or complementary approaches to conventional erectile dysfunction treatments, presenting new opportunities for market expansion and therapeutic innovation.

There is growing interest in non pharmacological solutions, with concerns over the side effects and contraindications of pharmaceutical interventions for erectile dysfunction, which includes devices like penile traction therapy, which aims to address ED through mechanical means without relying on medication.

Incorporating AI and machine learning algorithms into ED devices and treatment platforms can enhance diagnostic accuracy, treatment planning, and outcome prediction. AI enabled devices can analyze patient data, identify patterns, and optimize treatment protocols for improved efficacy and patient satisfaction.

Key Takeaways from the Market Study:

  • Global erectile dysfunction device market was valued at US$ 1.4 billion in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 11.7%.
  • The market in Japan is expected to expand at a CAGR of 8.7% through 2034.
  • By device type, the non-surgical devices segment to account for a CAGR of 9.3% through 2034.
  • The absolute dollar growth of the market is projected to reach a value of US$ 2.3 billion during the forecast period.
  • The market in the United Kingdom is expected to expand at a CAGR of 10.2% through 2034.

“The proliferation of e-commerce platforms and direct to consumer sales channels enables erectile dysfunction device manufacturers to reach a broader audience and bypass traditional distribution networks. The trend enhances market accessibility and facilitates consumer education and product awareness,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the erectile dysfunction device market are Boston Scientific Corporation, Coloplast Corp., Zephyr Surgical Implants, Owen Mumford Ltd., Augusta Medical Systems, Storz medical AG, Promedon, The Elator, Timm Medical, Silimed, Giddy, and Alma Lasers, among others.

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Recent Development:

  • In 2022, Wikkon achieved successful installation of the latest extracorporeal shock wave lithotripter, the HK ESWL 108A model, at Maria Clinic in Dili, East Timor.

Segmentation Analysis of the Erectile Dysfunction Device Market:

By Device Type:

  • Non Surgical Devices
    • Vaccum Construction Devices
    • Erectile Dysfunction Shockwave Generators
    • External Penile Rigidity Devices
  • Surgical Devices
  • Penile Implants
    • Inflatable Implants
    • Malleable Implants

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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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Global Bone Growth Stimulators Industry is poised to have a 10.1% CAGR and reach a market value of US$ 5.4 Billion by 2033 | FMI

According to a recent report by Future Market Insights Inc., the Global Bone Growth Stimulators Industry is on track for a remarkable surge. The market, currently valued at US$ 2.1 billion in 2023, is projected to reach a staggering US$ 5.4 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 10.1%.

This phenomenal growth can be attributed to the rising incidence of bone fractures worldwide. As the need for effective solutions in fracture rehabilitation and treatment intensifies, bone growth stimulators are poised to witness a significant increase in demand.

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A bone growth stimulator’s best advantage is that it accelerates the entire process of bone healing, resulting in faster recovery, shorter hospitalization, higher cost-effectiveness, and fewer infections.

According to a recent study conducted by the International Osteoporosis Foundation, statistics revealed that more than 200 million people are suffering from osteoporosis. Worldwide, 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporotic fractures in their lifetime. These numbers are anticipated to increase at a fast pace in the assessment period, therefore, bolstering the demand for Bone Growth Stimulators worldwide.

Global Bone Growth Stimulators Industry Key Takeaways

  • Because of an aging population, rapid economic expansion in growing Asia-Pacific (APAC) countries, and an increase in the volume of spine surgeries, the Bone Growth stimulants market in numerous Asia-Pacific countries is likely to grow rapidly over the forecast period.
  • India is predicted to be the fastest-growing market in APAC, with a CAGR of 11.4%. Growth will be fueled by improvements in the country’s healthcare landscape.
  • The US market for Bone Growth Stimulators is estimated to exceed US$ 2.2 billion by 2033.
  • With a rise in medical tourism and a growing demand for less invasive procedures, the United Kingdom is expected to dominate the European Bone Growth Stimulators market in the next years. Sales are expected to account for 20.4% of the global market in 2022.
  • The hospital segment is estimated to be valued at more than US$ 743 million by 2028.

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Global Bone Growth Stimulators Industry Competitive Landscape

The prominent players operating in the Global Bone Growth Stimulators Industry are extensively investing in research and development activities to launch innovative and technologically advanced products that cater to an expanding customer base. In addition to that, dominant market players are heavily investing in mergers, acquisitions, collaborations, and partnerships to strengthen their distribution networks.

Some of the leading companies operating in the Global Bone Growth Stimulators Industry are

  • Zimmer Biomet Holdings Inc
  • Bioventus LLC.
  • DJO Global, Orthofix Holdings, Inc.
  • Ossatec Benelux Ltd.
  • IGEA
  • Ito Co., Ltd.

More Insights into the Global Bone Growth Stimulators Industry

The US is expected to dominate the North American region by garnering maximum sales in the Global Bone Growth Stimulators Industry. The global market is anticipated to account for about 42.5% of the total market share in 2022. According to the CDC, around 1 out of every 4 US adults (23.7%, 58.5 million people) suffer from diagnosed arthritis. The incidence of arthritis and osteoarthritis is predicted to grow in the forthcoming years, which in turn will propel the demand for electrical Bone Growth Stimulators over the assessment period.

The UK is predicted to dominate the European Bone Growth Stimulators market in the forthcoming years, as it accounts for around 20.4% of the total market share in 2022. The growth is attributed to the growing preference for minimally invasive procedures and the rising popularity of medical tourism in the country.

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Global Bone Growth Stimulators Industry by Category

Product Type:

  • Non-Invasive Bone Growth Stimulators
  • Capacitive Coupling (CC) Devices
  • Pulsed Electromagnetic Field (PEMF) Devices
  • Combined Magnetic Field (CMF) Devices
  • Ultrasound Bone Growth Stimulators
  • Invasive Bone Growth Stimulators

Application:

  • Trauma Injury and Fractures
  • Spinal Fusion
  • Osteogenesis

End User:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Homecare settings

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.

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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Global In-Ear Monitors (IEMs) Market is on track for significant expansion, with estimates indicating a value of US$ 749.7 million by 2032

The global in-ear monitors (IEMs) market is set to experience substantial growth, reaching a valuation of US$ 344.7 Million in 2022 and projecting a robust CAGR of 9.0% over the forecast period. By 2032, the market is estimated to soar to an impressive US$ 749.7 Million.

The surge in the number of musical concerts, live recordings, and studio sessions worldwide has been a driving force behind the escalating demand for in-ear monitors. Adolescents globally are actively promoting and adopting these musical activities, contributing to the industry’s upward trajectory. The widespread penetration of the internet, particularly in remote regions, further augments this growth.

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The forecast period promises significant expansion, with in-ear monitor usage intricately linked to the surge in musical theatre performances. As the industry embraces new opportunities, manufacturers and stakeholders are gearing up to meet the rising demand for high-quality audio experiences across various musical platforms.

Another factor driving the growth of the in-ear-monitors market is the key suppliers heavily relying on distribution channels, such as retail stores and multiple-brand distributors and of headphones, headsets and earphones, in order to better serve clients and achieve a competitive advantage in the in-ear-monitors (IEMs) market.

Due to the growing e-commerce business, particularly in nations like the U.S., China, Brazil, and India, in-ear monitor producers are also working with a number of e-commerce behemoths, including Amazon, Flipkart, and Alibaba. Thus, the development of marketing platforms and the strengthening of distribution channels are contributing to the value expansion of the global in-ear-monitors (IEMs) market.

Considering the above-mentioned factors there would be significant growth in the in-ear-monitors (IEMs) market globally.

Key Takeaways from Market Study:

  • Universal IEM dominated the market with a 5% market share in the product segment of the in-ear-monitors (IEMs) market in 2021. The universal IEMs are easily available as well as has more number of manufacturers and thus the adoption rate is higher.
  • Studio recording and broadcasting accounted for 9% of the market share in 2021. Studio recording and broadcasting is a more common activity compared to live events, which are held occasionally. Thus, the usage of in-ear-monitors is more in studio recording.
  • Supermarkets and hypermarket segment dominated the market in 2021 with a share of 7% of the distribution channel category of the in-ear-monitors (IEMs) market. The reach is more through this channel and so the share is higher.
  • North America dominates among the seven regions, with a market share of 4%. The increased number of music recordings as well as shows is more in North America compared to other regions and that is why holds a higher share of the market.

“Increasing technological advancements and quality products in the in-ear-monitors (IEMs) market is set to propel the sales of the in-ear-monitors (IEMs) market across the globe,” says an analyst of Future Market Insights.

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Market Competition:                   

The in-ear-monitors (IEMs) market is quite fragmented because of the increased number of key players in the market. There are a broad range of products that can be categorized under the in-ear-monitors (IEMs) market, therefore it is a huge market. The strategies that are commonly followed by the key players include product launches, partnerships, expansions, collaborations, acquisitions and mergers.

  • In November 19, 2021, The AONIC FREE true wireless earphones were launched by Shure Incorporated in collaboration with singer, songwriter, and multi-instrumentalist Jacob Collier.
  • In April 2018, Adam Hall Group increased the availability of its products by merging with the Musical Distributors Group (MDG).

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the in-ear-monitors (IEMs) market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032. The global in-ear-monitors (IEMs) market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Key Companies Profiled:

  • Shure Incorporated
  • Sennheiser electronic GmbH & Co. KG
  • Future Sonics Inc.
  • Peavey Electronics
  • ULTIMATE EARS.
  • Empire Ears
  • Sensaphonics, Galaxy Audio
  • Adam Hall Group (LD Systems)
  • Audio-Technica, Inc.
  • MEE Professional
  • JTS PROFESSIONAL CO., LTD
  • ANLEON Electronic Co., LTD,

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Key Market Segments Covered in In-Ear-Monitors (IEMs) Industry Research:

By Product:

  • Custom IEM
    • 2 -Driver Earphones
    • 3 -Driver Earphones
    • 4 -Driver Earphones
    • 6 -Driver Earphones
    • 8/9 -Driver Earphones
    • 12 -Driver Earphones
    • 18 -Driver Earphones
  • Universal IEM
    • 2 -Driver Earphones
    • 3 -Driver Earphones
    • 4 -Driver Earphones
    • 6 -Driver Earphones
    • 8/9 -Driver Earphones
    • 12 -Driver Earphones
    • 18 -Driver Earphones

By Application:

  • Live Events and Performances
  • Studio Recording and Broadcasting

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Multi-brand Stores
  • Exclusive Stores
  • E-commerce/Online Sales

By Region:

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

About Future Market Insights (FMI)

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

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
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Professional Services Automation Software Market on the Rise: Forecasting US$ 35,754.17 Million by 2033 at CAGR 11.5%

The professional services automation software market is expected to grow from its projected value of US$ 12,038.66 million in 2023 to US$ 35,754.17 million by 2033. A CAGR of 11.5% is anticipated for this market during the course of the investigation.

The need for process automation is growing as more and more firms digitise and automate their operations. During the forecast period, rising demand for automation services and falling total costs are anticipated to fuel the PSA software market’s expansion. The goal of this is to boost income generation via operational productivity inside professional service organisations.

A growing need for scalable and flexible professional services, as well as consultants’ escalating demand for advanced mobility services, are expected to support market growth. Also, the increasing profit margins, automating a wide range of time-consuming tasks, and enabling robust communication between internal stakeholders, this software facilitates market growth.

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PSA solutions also provide teams with a unified platform for collaborating and completing tasks and projects more efficiently. Besides keeping stakeholders informed and making timely decisions, professional services automation solutions offer teams the ability to track resources, project progress, and costs in one place.

Key Takeaways from the Professional Services Automation Software Market Report:

The professional services automation software market is expected to record a CAGR of 11.5% over the forecast period.

It is estimated that the professional services automation software market in North America may remain strong during the forecast period.

The technology segment acquired a significant market share, valued at US$ 5,018.22 million during the forecast period.

On-premise PSA software deployments are expected to account for a significant share of the market in 2023, representing around 51%.

It is expected that the market in India may demonstrate a considerable level of growth by 2033.

“The Professional Services Automation Software Market, as highlighted in our recent market research study, is experiencing significant growth and transformation. With the increasing demand for streamlined project management, resource allocation, and financial tracking in professional service organizations, this market is witnessing a surge in adoption. The coming years will be marked by innovation and competition among software providers to meet the evolving needs of this dynamic industry.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Competitive Landscape:

The growth potential of the professional services automation software market is likely to be supported by irreplaceable value propositions in product offerings. A moderately fragmented market is served by several local companies. Companies use a variety of strategies to gain market share, including investments, partnerships, acquisitions, and mergers. Companies also strive to improve their products and keep them competitive.

Leading Key Players:

Autotask Corporation
BMC Software, Inc.
ConnectWise, Inc.
Deltek, Inc.
FinancialForce.com
Kimble Apps
Microsoft Corporation
NetSuite OpenAir, Inc.
Oracle Corporation
Planview

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Recent Developments:

Singapore-based FinTech Global Direct has launched a blockchain platform to address global B2B transaction challenges, which typically take six days to complete. Features include ticketing for tour operators, rewards management, and alternate currency payment gateways.

In March 2022, ProductDossier Solutions announced that several companies had implemented TouchBase, its software for professional services automation. The companies are Tiger Analytics, Aujas Cyber Security, Hical Technologies, and Tata Communications.

In February 2020, Clarizen, a software company focused on enterprise collaborative work management, became a McAfee CASB Connect Partner via self-service API connectors for McAfee® MVISION Cloud.

Professional Services Automation Software Market Segmentation:

By Application:

Consulting Firms
Marketing and Communication Firms
Technology Companies
Architecture, and Construction Firms
Research Firms
Accounting Firms
Others

By Deployment:

Cloud
On-premise

By Region:

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

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

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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Global Laboratory Information Systems Industry Gears Up for Steady Growth, Reaching US$ 3.6 Billion by 2034, at a CAGR of 5.3% | FMI

The Global Laboratory Information Systems Industry is experiencing a significant upswing, fueled by a remarkable 6.0% year-on-year growth rate. This positive trend, as reported by Future Market Insights Inc., is projected to propel the market to a substantial valuation of US$ 2,166.3 million by the end of 2024.

This outstanding growth is attributed to a confluence of factors, including technological advancements, rising demand for efficient data management in laboratories, and an ever-expanding healthcare industry. The Laboratory Information System (LIS) market has become a cornerstone in enhancing operational efficiency, data accuracy, and overall laboratory performance.

Looking ahead, the market is projected to sustain its momentum with an anticipated Compound Annual Growth Rate (CAGR) of 5.3% over the next decade. By 2034, the global laboratory information system market is forecasted to attain an impressive valuation of US$ 3,620.3 million, signaling a continuous upward trajectory.

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Germany dominates the European market for laboratory information systems, having accounted for a 28.2% market share in 2014, followed by France. The UK is expected to become a major market for laboratory information systems (LIS) in the coming years.

The European laboratory information systems market is segmented based on products, types, components, delivery modes, end users, and countries. The product segment is divided into standalone LIS and integrated LIS. The types included in the report are clinical LIS and anatomical LIS. The components covered in the report are services and software. On-premise, remotely hosted, and cloud-based are delivery modes discussed in the report. The end users’ segment is further classified into clinical diagnostic laboratories, hospitals, anatomical pathology laboratories, blood banks, and molecular diagnostic laboratories. Countries such as Germany, Italy, Spain, the U.K., and France would experience tremendous growth.

The European Commission’s new framework, Horizon 2020 has been the largest ever research and innovation programme in Europe for various fields including life sciences with a budget of $95 billion (€77 billion) from 2014-2020. In October 2017, The European Commission announced its plans to invest $37 billion (€30 billion) in this fund during 2018-2020 including $2.5 billion (€2 billion) to support Open Science, and $740 million (€600 million) for the European Open Science Cloud, European data infrastructure and high-performance computing. Horizon 2020 opened funding opportunities for future and emerging technologies and the ICT Work Programme for life science researchers. Thus, increasing R&D activities and government funding will ultimately boost the demand for effective data management and hence drive the laboratory informatics market in Europe.

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Global Laboratory Information System Industry Key Takeaways

  • Impressive Growth Trajectory: The global laboratory information system market is experiencing a substantial year-on-year growth of 6.0%, reaching a projected valuation of US$ 2,166.3 million by the end of 2024. This surge is indicative of the market’s vitality and potential.
  • Continuous Evolution with Technology: Technological advancements play a pivotal role in driving the adoption of laboratory information systems. The market is witnessing a transformation with cutting-edge technologies, enhancing operational efficiency and data accuracy in laboratories.
  • Rising Demand for Efficient Data Management: Laboratories are grappling with vast amounts of data, necessitating sophisticated information systems for efficient management. The demand for robust laboratory information systems is on the rise as organizations recognize the importance of streamlined processes and organized data.
  • Healthcare Sector as a Key Contributor: The expanding global healthcare industry is a significant catalyst for the laboratory information system market. These systems are becoming indispensable in supporting diagnostic and research activities, aligning with the growing needs of the healthcare sector.
  • Projected CAGR of 5.3% for the Next Decade: Looking ahead, the market is poised for sustained growth with a projected Compound Annual Growth Rate (CAGR) of 5.3% over the next decade. By 2034, the laboratory information system market is anticipated to achieve a noteworthy valuation of US$ 3,620.3 million.

Competitive Landscape from the Global Laboratory Information Systems Industry:

Top companies in the Global Laboratory Information Systems Industry are constantly releasing new products to increase their market share. They are bolstering their global reach through mergers, partnerships, and acquisitions.

Recent Developments in the Global Laboratory Information Systems Industry:

In September 2022, McKesson Corporation signed an agreement in principle to extend its partnership with CVS Health to distribute pharmaceuticals to mail-order and specialty pharmacies, retail pharmacies, and distribution centers through June 2027.

Global Laboratory Information Systems Industry  Key Companies Profiled: 

ECerner Corp, Evident, McKesson, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., CompuGroup Medical, and LabWare

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Key Segments Covered in the Global Laboratory Information Systems Industry Analysis

By Components:

  • Software
  • Hardware
  • Services

By Delivery Mode:

  • On-Premise
  • Cloud-Based

By End User:

  • Hospitals
  • Clinics
  • Independent Laboratories
  • 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.

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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Tiny Ears, Big Business: Baby Ear Thermometer Market Heating Up at 9.5% CAGR to Reach US$ 1.4 Billion by 2032

 

Baby Ear Thermometer Market
Baby Ear Thermometer Market

Baby ear thermometers are heating up the market with a projected CAGR of 9.5%, reaching a value of US$ 1403.42 million by 2032. This surge is driven by the ease and speed these thermometers offer parents in tracking their little ones’ health.

Put the tip of the baby thermometer in your child’s ear canal and press a button to get their body heat. Since it only takes a few seconds, the baby ear thermometer is fast.

The baby thermometer for ears is made to measure a little one’s body temperature from the ear. The newborn ear thermometer uses a special light to check the heat created by your baby’s eardrum and nearby tissues. The companies that make baby ear thermometers are concentrating on making new products. Big changes like easy night time uses with lighting and warm tips for comfort have helped the baby ear thermometer business grow well.

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Some of the baby ear thermometers have in-built memory to track the temperature over time. Age precision technology by Braun GmbH in baby ear thermometers has boosted the market growth to a new dimension.

Baby Ear Thermometer Market: Market Dynamics

The baby ear thermometer offers many advantages, which have driven its market growth. Parents concern and their preparedness for their infant’s health is the primary factor that drives the baby ear thermometers market.

The increased awareness of baby ear thermometer has complemented the readiness of parents, thereby fuelling market growth. The ergonomically designed baby ear thermometers with smart features is an add-on for its convenient use over regular thermometers.

Nonetheless, the baby ear thermometer cannot be used with the baby having an ear infection. Pulling of baby’s ear might cause uncomfortable feeling for toddlers, and their squirming may affect the reliability of reading.

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Still, most of the baby ear thermometers available in the market are recommended for infants above six months. The market players are expected to find a technological solution and enhance the baby ear thermometer growth.

Regional Outlook

The baby ear thermometer industry is significantly present in Europe owing number of products availability. Followed by North America, the high awareness of baby ear thermometers and its user-friendliness has driven the market growth. The baby ear thermometers market in Oceania has seen a significant increase in recent years with many product developments.

East Asia and South Asia are forecasted to be the most emerging market for baby ear thermometers as key players have focused on these regions due to growing population and a high number of children.

The Middle East and Africa are estimated to drive the baby ear thermometer industry by increasing awareness about the products. Moreover, Latin America market for baby ear thermometer is fuelled with increased investments in the healthcare sector.

 Key Players

Some of the major players in the Baby Ear Thermometer market are Braun GmbH, iProvèn, Mayborn (UK) Limited, First Years Inc., Safety 1st, SUMMER, Motorola, Kinsa, Inc., ANKOVO, Exergen Corporation, Cardinal Health, Bound Tree, Cherub Baby Australia, and among others.

The research report presents a comprehensive assessment of the baby ear thermometer and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for baby ear thermometer industry.

The research report of baby ear thermometer provides analysis and information according to market segments such as geographies, product type, nature, and application.

The baby ear thermometer market report covers an exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The baby ear thermometer regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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Market Segmentation

The baby ear thermometer market is segmented into different parts based on the end use, price range, age group, sales channel, and geography.

Based on end use

  • Clinics and Hospitals

Based on price range

  • Medium
  • High

Based on age group

  • 0 – 3 months
  • 3 – 36 months
  • 36+ months

Based on sales channel

  • Indirect
  • Independent Stores
  • Hypermarket/Supermarket
  • Specialty Stores
  • E-commerce
  • Others

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

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
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Telecom Network Infrastructure Market 2023 Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics 2033

Between 2023 and 2033, the telecom network infrastructure market is anticipated to expand at a compound annual growth rate (CAGR) of 5.8%. By 2033, the market, which is now estimated to be worth US$ 100.1 billion in 2023, is expected to have grown to a market share of US$ 175.91 billion.

The market is growing as a result of increased connectivity, the installation of additional network towers, and the restructuring of telecom services in Asia and Europe. Moreover, HD calls and ultramodern materials are driving demand for telecom network infrastructures.

Another motivating reason is the deployment of 5G infrastructure by governments together with the growth of smartphone applications. A further factor driving demand for telecom network infrastructure is the emergence of smart gadgets that rely on the network for improved operability.

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Due to the domination of numerous telecom carriers, the expansion of digital businesses, and the increase of online payments, there is a huge demand for cutting-edge telecom network infrastructure.

Governments and law enforcement agencies from all over the world are attempting to improve communication due to increased connectivity for enhanced security proposals. As a result, implementing smart telecom network architecture becomes essential. Smartphone adoption is aided by the availability of 2G, 3G, 4G/LTE, and 5G bandwidths with various network coverage, which benefits the telecom network infrastructure market as well.

Businesses are offering small, mid-sized, and large business corporate end users LTE network solutions. This benefits companies that have a high-capability network platform—essential for high-processing and outsourced activities.

Key Points

  • The United States is another significant market. The market is anticipated to continue its growth with 5G deployments, expanding telecom operators, and the advent of smart devices.
  • The Chinese telecom network infrastructure market leads in Asia due to the increased number of digital businesses, rapid digitization, and world-leading connectivity. Growing demand for smart devices along with an increased number of base stations.
  • Europe with its broadband strategy program is another important regional market with higher tourist activity. The program is there to reach the connectivity goals.
  • The product segment is likely to thrive in the component category due to individual devices like smartphones. It is expected to thrive at a CAGR of 5.2% during the forecast period.
  • The base stations segment tops the product category with a CAGR of 4.8% between 2023 and 2033. The growth is attributed to easy deployment and enhanced network capability.

Competitive Landscape

The key competitors focus on building infrastructure with strong and enhanced network capability. Key competitors also merge, acquire, and partner with other companies to increase the network range, connectivity, supply chain, and distribution channel. The key players in the market are Qualcomm Technologies, Sprint Corporation, Nokia Corporation Inc., and Huawei Technologies Inc.

  • Nokia Corporation Inc. introduced its telecom network infrastructure with an expectancy of growth and margins. The company expects an operating margin of 9 to 12% in 2023.
  • Qualcomm technologies collaborate with Viettel for the 5G infrastructure development. The merger is for the 5G platforms to commercialize huge MIMO RU and DU.

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Key Segments

By Component:

  • Product
  • Base Stations
  • Infrastructure Components
  • Service

By Connectivity Technology:

  • 2G
  • 3G
  • 4G/LTE
  • 5G

By End User:

  • Telecom Operators
  • Enterprises

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & 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.

About Future Market Insights (FMI)

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

Contact Us:      

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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