Market Research Blog – Page 3192 – New Product Development

Freestanding Large Cooking Appliance Market Projected to Reach US$ 30,977.5 Million by 2033, at a CAGR of 4.3%: Insights and Forecasts

Freestanding Large Cooking Appliance Market

According to recently released data by Future Market Insights (FMI), the freestanding large cooking appliance market is estimated to be worth US$ 20,333.0 million in 2023. It is projected to reach US$ 30,977.5 million by 2033, with a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033.

The global freestanding large cooking appliances market is poised to feel the influence of peer markets within the cooking appliances industry, such as the built-in large cooking appliances market and the induction cooktops market. Through thorough analysis of these interconnected industries, Future Market Insights has uncovered valuable insights that can inform the development of distinctive strategies for pursuing growth and seizing opportunities.

Supermarkets, megastores, and malls are examples of contemporary retail structures that are gaining popularity. Consequently, producers of freestanding kitchen appliances are benefiting from this development and collaborating with these final consumers.

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Also, several manufacturers in this industry are developing cutting-edge appliances and services for the kitchen. Innovations in technology, such as the development of attractive, complex kitchen equipment that can be controlled via an app, are accelerating the demand in the market. As an increasing number of individuals are concerned about their personal health, the market for tranquil and clean kitchen appliances is increasing rapidly.

Who is winning?

Energy-efficient goods are being developed by market participants by examining new raw material and production options, as well as novel thermal element designs. Some of the biggest companies on the market are always updating their product line with the most cutting-edge and cutting-edge technology. A significant portion of their R&D budgets is going into developing new products that take use of cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT).

Major players present in the freestanding large cooking appliances market are Samsung Electronics Co. Ltd; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; and Robert Bosch GmbH.

Key Takeaways from the Freestanding Large Cooking Appliances Market Study

By sales channel, online retailers segment is projected to gain traction over the assessment period
India is expected to dominate the South Asia freestanding large cooking appliances market though 2032
The U.S. is expected to account for significant share in the global freestanding large cooking appliances market
In terms of product type, the freestanding hobs segment will witness highest growth over the forecast period
Based on application, the commercial segment will grow at a fastest rate through 2022 & beyond

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global freestanding large cooking appliances market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the freestanding large cooking appliances market based on the product type (Freestanding hobs, Freestanding Ovens, others), application (residential and commercial), sales channel (hypermarkets/ supermarkets, convenience stores, online markets and others) across seven major regions.

Freestanding Large Cooking Appliances Market by Category

Product Type:

Freestanding Hobs
Freestanding Ovens
Others

By Application:

Residential
Commercial

Sales Channel:

Wholesalers/Distributors
Multi-Brand Stores
Specialty Stores
Hypermarket/Supermarkets
Online Retailers
Other Sales Channel

Region:

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

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.

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Small Brewery Equipment Market Growth: Industry Rising to US$ 1,809.7 Million by 2033

Future Market Insights research indicates that the small brewery equipment market is expected to grow at a CAGR of 3.9% throughout the forecast period. Projections suggest that by 2033, the market will reach a value of US$ 1,809.7 Million, up from US$ 1,234.4 Million in 2023.

Over the forecast period, the small brewery equipment industry is poised for rapid expansion. The increasing number of microbreweries in recent years has driven the demand for small brewery equipment. Factors contributing to market growth include the proliferation of microbreweries, the appeal of craft beer, and the growing interest in home brewing.

The expansion of the small brewery equipment market share has been significantly influenced by the steady increase in beer consumption, especially in developing countries where incomes are on the rise. Beer consumption among millennials has also witnessed a significant surge worldwide.

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Growth Factors

The small brewery equipment market is expected to witness fresh opportunities due to beer producers’ heightened focus on automation and digitization to enhance cost efficiencies. Key players in the beer industry worldwide are investing in small brewery equipment, driven by the growing popularity of beer culture.

Moreover, market participants are bolstering their positions through various initiatives, including brewery expansion, optimized yeast management, enhanced cellar equipment, adoption of energy recovery techniques, and outdoor development.

The expansion of the small brewery equipment industry can be attributed to the increasing volume of investments and the growing dominance of beer culture in many regions around the globe.

Key Players

Czech
Krones
Criveller
JVNW
Ss Brewtech
Keg King
GEA
Hypro
Psycho Brew
Newlands System
Portland Kettle Works
Specific Mechanical Systems
DME Brewing Solutions
Shanghai HengCheng Beverage Equipment
METO
GW Kent
Brauhaus Technik Austria
Kinnek

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Market Segmentation By Category

By Equipment Type:

Fermentation Tanks
Bright Beer Tanks
Brewhouses
Kettles

By End Users:

Microbreweries
Nano breweries

By Application:

Residential
Commercial
Industrial

By Distribution Channel:

Online
Offline

By Region:

North America
Latin America
Asia Pacific
Eastern Europe
Western Europe
Japan

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.

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Nandini Singh Sawlani

Global Cell-Free Fetal DNA Testing Market is expected to achieve a valuation of US$ 4,124.7 million by 2033

The global cell-free fetal DNA testing market is poised for exponential growth, with an anticipated Compound Annual Growth Rate (CAGR) of 10.9%. According to market projections, by 2023, the market is expected to soar to a value of US$ 1,466.3 million, reaching an impressive US$ 4,124.7 million by 2033.

Cell-free fetal DNA testing, also known as non-invasive prenatal testing (NIPT), has emerged as a revolutionary technology in prenatal care. This market segment primarily revolves around analyzing cell-free fetal DNA in maternal blood samples to detect genetic abnormalities in the fetus. Notably, these tests offer screening for conditions such as Down syndrome (trisomy 21), trisomy 18, trisomy 13, and certain sex chromosome abnormalities.

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The surge in demand for cell-free fetal DNA testing can be attributed to its non-invasive nature and remarkable accuracy in detecting fetal genetic abnormalities. Unlike traditional prenatal testing methods like amniocentesis and chorionic villus sampling (CVS), which pose inherent risks of complications, cell-free fetal DNA testing offers a safer alternative for expectant parents.

Due to the expansion of prenatal testing in a secure and non-invasive manner during the projected period, the usage of cell-free foetal DNA testing is likely to increase. Prenatal diagnostics, however, are utilised in screening methods to detect any anomalies in a foetus.

Key factors driving the growth of the cell-free fetal DNA testing market include:

Increasing demand for non-invasive prenatal testing: Expectant parents are increasingly opting for non-invasive methods of prenatal testing to avoid the risks associated with invasive procedures.
Advancements in technology: Technological advancements have improved the accuracy and reliability of cell-free fetal DNA testing, making it a preferred choice for prenatal screening.
Rising maternal age: Advanced maternal age is associated with a higher risk of chromosomal abnormalities in the fetus. As more women delay childbirth, the demand for prenatal testing increases, driving the growth of the cff DNA testing market.
Growing awareness and acceptance: Increased awareness about the benefits of cell-free fetal DNA testing among healthcare providers and expectant parents has contributed to its growing acceptance and adoption.
Expanded test offerings: In addition to screening for common chromosomal abnormalities, cell-free fetal DNA testing is now being used to detect a broader range of genetic disorders, including single-gene disorders.

The market for cell-free fetal DNA testing is competitive, with several companies offering NIPT products and services. These companies include Illumina, Natera, Roche Diagnostics, and PerkinElmer, among others. These companies invest in research and development to improve the performance of their tests and expand their test offerings.

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Regional Insights Cell-Free Fetal DNA Testing Market:

The cell-free fetal DNA testing market is a rapidly growing segment in the field of prenatal diagnostics. This non-invasive prenatal testing (NIPT) method involves the analysis of fetal DNA fragments present in the maternal blood to screen for various genetic abnormalities and chromosomal disorders in the fetus. Regional insights into the cell-free fetal DNA testing market indicate varying adoption rates and market dynamics across different regions.

North America:
- North America holds a significant share in the cell-free fetal DNA testing market. The United States is a major contributor to market growth in this region.
Europe:
- Europe is another prominent market for cell-free fetal DNA testing. Countries like the United Kingdom, Germany, France, and Italy contribute significantly to market growth.
Asia Pacific:
- The Asia Pacific region is witnessing rapid growth in the cell-free fetal DNA testing market. Countries such as China, Japan, India, and South Korea are key contributors to this growth.
Latin America:
- The cell-free fetal DNA testing market in Latin America is in its early stages but shows significant potential for growth.
Middle East and Africa:
- The Middle East and Africa region have relatively lower adoption rates for cell-free fetal DNA testing compared to other regions.

Competitive Landscape:

The cell-free fetal DNA testing market is a rapidly growing sector within the field of prenatal diagnostics. This non-invasive prenatal testing (NIPT) method involves analyzing fragments of fetal DNA circulating in the maternal bloodstream to detect chromosomal abnormalities and genetic disorders in the fetus. The competitive landscape of the cell-free fetal DNA testing market includes several key players who offer various testing platforms and services.

Key Companies Profiled:

Sequenom Laboratories
Illumina, Inc.
Ariosa Diagnostics
Arup Laboratories
The Fetal Medicine Centre
Apollo Path labs

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Key Segments:

Based on Test Type:

Detection of Abnormal Chromosome Number
Gender Testing
Paternally Inherited Disorders

By Region:

North America
Latin America
Asia Pacific
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 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

DIY Haircut Kits Market Holds 25.5% Share of Global Hair Styling Tools in Next Decades

In 2023, the DIY haircut kits market is estimated to be valued at US$ 7.14 billion, with expectations to reach US$ 10 billion by 2033. During the forecast period, the adoption of DIY haircut kits is anticipated to advance at a CAGR of 3.4%. Currently, DIY haircut kits hold a 25.5% share of the global hair styling tools market.

The demand for haircut kits has surged due to a heightened focus on personal grooming and self-care, alongside the rising popularity of men’s grooming trends. Moreover, the proliferation of salons across various regions has contributed to this trend. Additionally, there’s a growing inclination towards using these products for home and personal use, which is expected to drive future sales of DIY haircut kits.

With individuals increasingly eager to experiment with new hairstyles and embrace evolving fashion trends, the sales of DIY haircut kits, including clipper and trimmer kits, are on the rise.

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The market’s growth is closely intertwined with the knowledge-sharing ecosystem. Brands are investing in educational content, from video tutorials to comprehensive guides, fostering a sense of community and empowerment among users. Unlocking the secrets of hairstyling and grooming amplifies users’ confidence, enhancing their self-expression. The landscape of personal care is shedding gender norms. DIY Haircut Kits are increasingly designed with inclusivity in mind, transcending traditional distinctions. Gender-neutral packaging, diverse marketing, and versatile styling options reflect a broader perspective that resonates with a modern and diverse audience.

Key Takeaways from the DIY Haircut Kits Market:

As per FMI, the United States is spearheading the growth across North America, registering CAGR of 3.3% by 2033.
Sales of DIY haircut kits are expected to surge at 3.1% CAGR across China during the forecast period.
Germany is expected to surge at a CAGR of 3.2% during the forecast period.
As per Future Market Insights, clipper & trimmer kits are expected to dominate the product with a market share of 83% in 2023.

“The DIY haircut kits market is undergoing a remarkable surge, driven by user-friendly innovations and the growing desire for self-grooming solutions that blend convenience and professional results”, remarks an analyst at FMI.

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How Key Players are revolutionizing the DIY Haircut Kits market?

Key players are spearheading a revolution in the DIY haircut kits market, fusing innovation with convenience. Advanced trimmers and clippers empower users with salon-worthy precision at home. Interchangeable blades, ergonomic designs, and user-friendly controls make self-grooming effortless. Integration of digital guides and tutorials elevates the experience, enabling flawless results for all skill levels.

Sustainable practices, like durable materials and long-lasting batteries, align with eco-conscious trends. These industry frontrunners are reshaping self-care routines, offering customizable solutions that empower individuals to embrace grooming independence while achieving professional-grade aesthetics. The DIY haircut kits market is witnessing a transformative evolution, driven by key players who recognize the fusion of technology, accessibility, and self-expression.

Product Portfolio

Explore Wahl’s versatile product portfolio, featuring cutting-edge grooming tools. From professional-grade clippers to precision trimmers, each innovation exudes durability and precision, serving as the ultimate companions for well-groomed individuals.
Koninklijke Philips presents a diverse range of grooming solutions. Their portfolio displays advanced electric shavers, trimmers, and precision tools, harmonizing technology and design for impeccable grooming experiences.
Discover Panasonic’s curated grooming portfolio, boasting precision-focused electric razors, trimmers, and hair clippers. Each innovation reflects Japanese artisanship and cutting-edge technology, ensuring optimal grooming results.

More Insights Available

Future Market Insights offers an unbiased analysis of the DIY haircut kits market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the DIY haircut kits market, the report is segmented on the basis of Product (Clipper & Trimmer Kits and Scissor Sets), End User (Salons/Professionals and Personal/Homecare), Price Range (High/Premium and Mid-range/ Economy), Sales Channel (Modern Trade, Departmental Stores, Specialty Stores, Franchise Outlets, Online Stores and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

By Product:

Clipper & Trimmer Kits
Scissor Sets

By End-User:

Salons/Professionals
Personal/Homecare

By Price Range:

High/Premium
Mid-range/Economy

By Price Sales Channel:

Modern Trade
Departmental Stores
Specialty Stores
Franchise Outlets
Online Stores
Others

By Region:

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Companion Diagnostics Market Expected to Reach US$ 10560.0 Million in Sales by 2033

The global companion diagnostics market is poised for significant growth, with projections indicating a surge in sales to reach US$ 10560.0 million by 2033, up from US$ 5371.9 million in 2023. This surge is expected to occur at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

Companion diagnostics, an integral component of personalized medicine, are medical tests designed to provide insights into a patient’s genetic or molecular profile. These insights enable healthcare professionals to make informed decisions regarding treatment selection and administration, thereby optimizing therapeutic outcomes while ensuring patient safety.

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By identifying patients who are most likely to benefit from a particular medication and those who might have negative side effects, companion diagnostics play a critical role in precision medicine. Companion diagnostics assist in matching patients with tailored therapies by analysing biomarkers, such as genetic mutations or protein expression levels. This improves treatment outcomes and reduces the use of inefficient or potentially hazardous pharmaceuticals.

The need for companion diagnostics market growth because they can help identify patients who cannot be cured but may nonetheless be harmed by the use of a particular medicine to treat their ailment. The use of companion diagnostics is employed to identify potential therapeutic candidates. Additionally, the companion diagnostics industry is expanding as a result of technology advancements that have fundamentally changed how diseases are treated as a whole.

Key factors driving the growth of the companion diagnostics market include:

Increasing prevalence of cancer and other complex diseases: Companion diagnostics are extensively used in oncology to identify patients with specific genetic mutations or biomarkers that make them eligible for targeted therapies. As the incidence of cancer and other complex diseases continues to rise, the demand for companion diagnostics is also increasing.
Growing adoption of personalized medicine: Personalized medicine aims to provide tailored treatment strategies based on an individual’s unique genetic profile. Companion diagnostics are a crucial component of personalized medicine, enabling healthcare providers to select the most appropriate therapy for each patient. The increasing adoption of personalized medicine is driving the demand for companion diagnostics.

Advancements in genomic technologies: Rapid advancements in genomic technologies, such as next-generation sequencing (NGS) and polymerase chain reaction (PCR), have significantly enhanced the ability to analyze genetic and molecular biomarkers. These technological advancements have facilitated the development of more accurate and efficient companion diagnostic tests, further fueling market growth.
Regulatory support and reimbursement policies: Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), have recognized the importance of companion diagnostics and have implemented guidelines for their development and approval. Additionally, favorable reimbursement policies for companion diagnostic tests have encouraged their adoption in clinical practice.
Collaborations between pharmaceutical companies and diagnostic manufacturers: Many pharmaceutical companies are partnering with diagnostic manufacturers to develop companion diagnostics alongside their therapeutic products. These collaborations ensure the simultaneous development and approval of companion diagnostics and targeted therapies, leading to faster market entry and increased adoption.

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Companion Diagnostics Market: Competition Analysis:

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the companion diagnostics market. Competitive information detailed in the companion diagnostics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the companion diagnostics market report.

Key Players Covered in The Report Include:

ARUP Laboratories
Roche Molecular Systems Inc.
Dako Inc.
Qiagen Ltd.
bioMérieux Inc.
Ventana Medical Systems Inc.
Abbott Molecular Inc.

Companion Diagnostics Market: Segmentation

Valuable information covered in the FMI’s companion diagnostics market report has been segregated into key segments and sub-segments.

By Application:

Colorectal Cancer
Breast Cancer
Lung Cancer
Melanoma
Urology
Gastric Cancer

By Technology:

Immunohistochemistry
Molecular Diagnostics
In-situ Hybridization
FISH
CISH
Real Time PCR
Gene Sequencing

By Product:

Assay, Kits & Reagents
Software and services

By End User:

Pharma and Biotech Companies
Clinical Research Organizations
Reference Laboratories
others

By Region:

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

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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

Global Endoscopic Closure Systems Market will maintain a 6.3% CAGR, reaching a valuation of US$ 570.2 million by 2033

The global endoscopic closure systems market is projected to experience significant growth in the coming years, with demand sales expected to reach a valuation of US$ 309.2 million in 2023, and exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.3% to reach US$ 570.2 million by 2033. This acceleration follows the industry’s steady expansion at a CAGR of 4.1% from 2018 to 2022.

Endoscopic closure systems play a vital role in modern healthcare, particularly in the context of identifying and treating various diseases. The growing demand for endoscopy procedures worldwide is a key driver fuelling the market growth for these systems. Notably, health insurance coverage for such operations in select regions, including the UAE in the Middle East, and affluent nations like the United States, Canada, the United Kingdom, Germany, and Australia, has further incentivized patients and healthcare professionals towards embracing endoscopic techniques.

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Endoscopic Treatments on the Upswing: A Paradigm Shift in Patient Care:

The development of specialized equipment and techniques that allow for the endoscopic closure of minor GI holes and the rising adoption of minimally invasive endoscopic procedures are the primary drivers of the global endoscopic closure systems industry.

The rising prevalence of stomach and gastrointestinal tumors around the world is expected to have a significant impact on the market. The industry is predicted to develop dramatically as the population of senior adults grows.

Endoscopic surgery is popular because it allows access to internal organs through microscopic incisions and cutting-edge equipment, resulting in less discomfort and a fast recovery than traditional surgical approaches. These considerations necessitate the use of endoscopic closure technologies.

Demand Outpaces Supply: Skilled Endoscopic Closure Experts in Short Supply:

Certain hurdles are likely to make market expansion difficult even though endoscopic closure systems have several uses. Since there are not enough trained people with endoscopic treatment administration experience, the endoscopic closure systems industry can’t expand. The high cost, infection risk, and tight rules and regulations imposed by several governmental organizations may restrict the endoscopic closure systems industry.

Regional Outlook:

North America’s market is set to account for 34.5% of the total market share even though endoscopic closure systems have several uses. North America controls the market. Investments in technologically advanced research and treatment platforms, rising cancer and GI tract problem incidence, and many endoscopic clip manufacturers in the region are expected to be significant growth factors in the endoscopic closure systems industry.

The growing usage of improved diagnostic tools in gastrointestinal (GI) disorders such as inflammation, surgical anastomoses, neoplastic fistulae, and important endoscopic closure systems manufacturers are thrusting growth in the United States.

Europe ranked second in market share for endoscopic closure systems, with 26.4% by 2023. Sales are projected to expand in the future years as government healthcare spending increases. The primary factors spurring market expansion in the region include increased arterial bleeding among cardiac patients and surgeries associated with the GI system, which account for a significant market share and have a big patient base.

The expansion of ambulatory clinics in the region and the increase in the number of endoscopic ultrasonography operations performed suggest a possible need for an endoscopic closure system.

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Key Takeaways:

The endoscopic vacuum-assisted closure systems segment in the product type category to grab a share of 25.4% from 2023 to 2033.
In the end-user category, the hospitals segment is to capture a market share of 67.3% between 2023 and 2033.
Europe’s endoscopic closure systems industry is estimated to acquire a share of 26.4% by 2023.
The United States endoscopic closure systems business is likely to obtain a share of 30.1% by 2023.
Germany’s endoscopic closure systems industry is expected to grab a share of 4.8% by 2023.
Japan’s endoscopic closure systems industry is projected to hold a share of 4.4% by 2023.
Australia’s endoscopic closure systems demand is anticipated to expand at a CAGR of 5.6% by 2023.
China’s endoscopic closure systems business is predicted to expand at a CAGR of 7.7% through 2033.
India’s endoscopic closure systems sales are estimated to develop at a CAGR of 6.3% from 2023 to 2033.
The United Kingdom’s endoscopic closure systems sales are estimated to evolve at a CAGR of 4.4% through 2033.
North America’s endoscopic closure systems business is likely to acquire a share of 34.5% by 2023.

Competitive Landscape:

The competition in the endoscopic closure systems industry is intense, with various companies contending for market dominance. Further, endoscopic closure systems manufacturers strive to develop innovative and efficient closure systems as the demand for minimally invasive procedures boosts. Skilled professionals are in high demand to meet the growing needs of the medical community.

Recent Breakthroughs:

In February 2022, Cooper Companies announced signing a legally binding letter of intent to purchase Cook Medical’s Reproductive Health Business, which manufactures minimally invasive medical devices.
Cantel Medical is a global supplier of infection prevention products and services to customers in endoscopy, dentistry, dialysis, and life sciences. STERIS plc revealed the acquisition of Cantel Medical in June 2021.

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Key Players Profiled in the Market:

Cooper Surgical Inc.
US Endoscopy
Life Partners Europe,
Ovesco Endoscopy AG
Apollo Endosurgery, Inc.
St. Jude Medical, Inc. (Abbott), etc.
Others

Key Segmentation:

By Product Type:

Endoscopic clips/Endoclips (Over-the-scope Clips)
Overstitch endoscopic suturing system
Cardiac septal defect occluders
Endoscopic vacuum-assisted closure systems
Others

By End-user:

Hospitals
Ambulatory Surgical Centers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Virtual Tourism Market Soars, Predicts US$ 26 Billion Scope by 2033 | FMI

As per the latest findings of Future Market Insights, the global virtual tourism market is expected to be 12.3 Billion by 2023. In the long term, virtual tourism is estimated to reach around 26.0 Billion in 2033.

Virtual tourism serves as a way to explore the destination, travel venues, and attraction sites without actually visiting the site. Virtual tourism brings amazing experiences, which is made possible due to the advancement in technology. Virtual tours bring a new form of marketing that brings the opportunity for tourists to experience tours in a visual environment.

With the rising adoption of smartphones, and various technological advances in terms of tours, the experience of virtual tours holds significance and it is driving the tourism market. Since virtual tours can be experienced through smartphones and big screens, more and more people are choosing them these days.

The implementation of Augmented Reality (AR) is bringing new growth opportunities for the virtual tourism sector and with the aid of contemporary smartphones, virtual tours are bound to expand on a larger scale and extended to reach more people.

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Key Trends in the Virtual Tourism Market

The virtual tourism market is experiencing a transformative shift as technological advancements continue to redefine the way we explore the world. In an era marked by global connectivity and immersive digital experiences, several key trends are shaping the landscape of virtual tourism. This content highlights some of the pivotal developments driving this dynamic industry.

Immersive Technologies Take Center Stage: Virtual Reality (VR) and Augmented Reality (AR) technologies are at the forefront of the virtual tourism revolution. These immersive technologies offer users the ability to explore destinations in a realistic and interactive manner, transcending geographical boundaries. The integration of VR and AR is enhancing the overall user experience, making virtual tourism an increasingly attractive alternative to physical travel.
Virtual Guided Tours and Experiences: The rise of virtual guided tours and experiences allows users to virtually visit iconic landmarks, museums, and cultural sites from the comfort of their homes. Companies are leveraging high-quality 360-degree videos and virtual guides to provide users with a personalized and informative journey, creating a more engaging and educational virtual tourism experience.
Collaboration with Travel Industry Players: Virtual tourism is not viewed as a competitor to traditional travel but rather as a complementary experience. Key players in the travel industry, such as airlines, hotels, and travel agencies, are recognizing the potential of virtual tourism in marketing and customer engagement. Collaborations between virtual tourism platforms and these industry players are on the rise, offering users a seamless blend of physical and virtual travel experiences.

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Global Virtual Tourism Market by Category

By Direct Suppliers:

Airlines
Hotel Campaigns
Tour Operators
Government Bodies

By Indirect Suppliers:

Online Travel Agency
Traditional Travel Agencies
Travel Management Companies
Corporate Buyers
Aggregators

By Number of Bookings:

By Age:
- Under 18
- 18-35
- 36-45
- 46-55
- Over 55
By Demographic:
- Male
- Female
- Kids
By Booking Channel:
- Online Booking
- Booking via Agent

By Tour Type:

360 Virtual Tour
3D Virtual tour
Virtual Reality Tour

By Country:

U.S.
Canada
Brazil
Mexico
Germany
U.K.
France
Spain
Russia
India
China
Japan
Malaysia
Singapore
Australia
UAE
KSA
Italy
Qatar
Oman
RoW

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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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Global Electric Acupuncture Devices Market Poised for Remarkable Growth, Projected to Reach US$ 27.5 Million by 2033

The global electric acupuncture devices market is on track to witness substantial growth, with projections indicating a value of US$ 13.9 million by the end of 2023 and a staggering US$ 27.5 million from 2023 to 2033, reflecting a Compound Annual Growth Rate (CAGR) of 7.1%. These insights come from FMI, a leading authority in market intelligence.

The electric acupuncture devices industry is poised for expansion in the coming years, driven by several key factors. Primarily, the escalating demand for non-invasive treatment modalities coupled with a growing awareness among the public about the manifold benefits of acupuncture is fueling this growth trajectory. Additionally, advancements in technology, an uptick in the incidence of chronic diseases, and a paradigm shift towards personalized healthcare solutions are further propelling the development of this sector.

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Onwards and Upwards: Factors Spurring Growth in the Electric Acupuncture Devices Industry:

Several key factors primarily surge the electric acupuncture devices industry. Rising interest in non-invasive therapeutic options and growing awareness of acupuncture’s benefits fuel the market growth. Advancements in technology have led to the development of more user-friendly and portable devices.

An increasing prevalence of chronic diseases and a shift towards personalized healthcare create a conducive environment for market expansion. These driving forces contribute to the market’s positive trajectory in the foreseeable future.

The Rise of Electric Acupuncture Devices: A Booming Market with Promising Opportunities:

The electric acupuncture devices industry presents several opportunities for growth and innovation. With the increasing demand for portable and user-friendly devices, manufacturers can develop compact and easy-to-use products.

Integrating smart technology and connectivity features could enhance patient monitoring and data collection. Expanding into untapped regions with rising healthcare expenditure and a growing aging population can also offer significant opportunities for market players to develop their market share and establish a strong global presence.

Restraining Forces Impacting the Electric Acupuncture Devices Industry:

Despite the positive outlook, the electric acupuncture devices industry may face some restraining forces. These could include regulatory challenges in different regions, potential safety concerns related to improper usage, and limited reimbursement policies for acupuncture treatments in certain healthcare systems.

Competition from other non-invasive therapies and traditional acupuncture methods could also impact the adoption of electric acupuncture devices. Market players must address these factors to sustain growth and overcome potential obstacles.

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Regional Outlook:

The electric acupuncture devices business has a bright future for the region. Due to their developed healthcare systems and widespread use of cutting-edge medical technologies, North America and Europe are anticipated to dominate the market.

Due to rising healthcare costs, increased knowledge of alternative therapies, and a sizable patient base seeking non-invasive treatments, Asia Pacific is predicted to experience significant growth. The markets in Latin America, the Middle East & Africa are projected to develop gradually.

Key Takeaways :

The skeletomuscular conditions segment in the indication category to grab a share of 48.3% from 2023 to 2033.
In the application category, the hospital segment is likely to acquire a market share of 43.8% between 2023 and 2033.
The United States electric acupuncture devices business to acquire a share of 25% by 2023.
The German electric acupuncture devices industry to grab a share of 1.4% by 2023.
Japanese electric acupuncture devices business to hold a share of 11.1% by 2023.
Australia’s electric acupuncture devices industry to acquire a share of 8.1% by 2023.
Chinese electric acupuncture devices business to expand at a CAGR of 6.5% through 2033.
India’s electric acupuncture device sales are to develop at a CAGR of 7.7% from 2023 to 2033.
United Kingdom electric acupuncture devices business to evolve at a CAGR of 4.3% through 2033.
North America’s market share is expected to be 28.5% by 2023.
By 2023, Europe’s electric acupuncture devices industry may have a 12.9% market share.

Competitive Landscape:

The electric acupuncture device manufacturers might anticipate fierce competition. Market share is being contested by many businesses, from well-known producers of medical devices to start-ups with novel solutions. Prominent electric acupuncture device manufacturers may make research and development investments to increase the effectiveness and safety of devices.

They can concentrate on enlarging their geographic reach and forging alliances with like-minded businesses to achieve a competitive advantage. Consumer loyalty, brand awareness, and price tactics may determine market domination.

Recent Advancements:

Finesun holds a prominent position in the beauty care and healthcare equipment industry, specializing in TENS and EMS devices. Their range includes TENS, EMS, Electro Therapy, Acupuncture Pen, and Acu. Pen, Facial Tonic Massager, Bustline Increaser, health care massager, and foot massager. They are dedicated to customer satisfaction through continuous product development and improvement.

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Essential Electric Acupuncture Devices Manufacturers:

Cymatics
Pantheon Research
Haifu Medical Technology Co. Ltd.
Shinylink (Shanghai) Industrial Inc.
Hangzhou Ruicheng Medical Device Tech. Limited
Wuxi Jiajian Medical Instrument Co. Ltd.
Hubei YJT Technology Co. Ltd.
Wujiang Win Game I/E Co. Ltd.
Zhengzhou Sunshine Medical Equipment Co.
Guangzhou GHC International Trade Company

Key Segments:

By Indication:

Neurological Conditions
Gastrointestinal Conditions
Skeletomuscular Conditions
Others

By Application:

Hospitals
Clinics
Homecare

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Dodecanol Market Boom: US$ 800 Million by 2032 Fueled by Personal Care & Detergents Industry

The global dodecanol market is estimated to reach a valuation of US$ 800 million in 2032, with sales growing at a positive CAGR of 6% from 2022 to 2032. Valued at US$ 330 million in 2021, the market came up to US$ 335 million in 2022. The expanding personal care industry and escalating use of dodecanol in products like fabric softeners, fatty alcohol-based detergents, and skin care products are responsible for the steady growth of the dodecanol market during this period of observation.

Though dodecanol is mainly used as a chemical intermediate in the production of dodecyl sulphate and dodecyl ethoxylate, it is also a vital raw material in the production of surfactants. Dodecanol also gains extensive application in the pharmaceutical industries, in the production of lubricating oils, flavoring agents, and as an emollient. The chemical is also used in pear and apple orchards as a Lepidopteran pheromone attractant as well as to disrupt the mating behavior of certain moths, the larvae of which destroy crops. Thus, the use of dodecanol in formulations of plant metabolites, insecticides, and pesticides in the agricultural sector also aids the growth of the dodecanol market in the upcoming years.

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The advancing personal care sector spearheads the growth of the dodecanol market. The production of fabric softeners, skin care products, and fatty alcohol-based detergents utilize dodecanol which contributes to the global market growth. Emerging economies with expanding manufacturing sectors are key contributors to the dodecanol market growth. Further, dodecanol can be found in different forms such as alcohol ethoxylates and sulphates which are used as wetting agents and emulsifiers in paints and coatings. Hence, an expanding paints and coatings sector also bolsters the market growth for dodecanol.

The elevated use of dodecanol in the formulations of fuel additives and lubricant oil also facilitates growth for the market. Thus, the growing personal care and household care industry, agriculture sector, automotive, and paints and coatings industries all aid the global growth of the dodecanol market.

Key Takeaways:

Disruption in supply chains and toxicity to aquatic organisms are certain factors that may hinder the market growth of dodecanol.
Asia Pacific will dominate the dodecanol market owing to increasing infrastructure development and increasing usage in the textile sector.
The strong presence of the automobile sector will propel the dodecanol market forward in Europe.
High demand for electric vehicles will lessen the dependency on crude oil which, in turn, deters market growth.

Competitive Landscape

Leap Labchem Co. Ltd., Jinan Haohua Industry Co., Ltd, Chemos GmbH, SIGMA-ALDRICH Corporation, AK Scientific Inc., and East Chemical Industry, among others, are some of the primary players in the dodecanol market profiled in the full version of the report.

Eminent market players are focusing on expanding production capacities. These organizations also employ various organic and inorganic business strategies to strengthen their market position.

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More Insights into the Dodecanol Market

In its latest report, FMI offers an unbiased and detailed analysis of the global dodecanol market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type (palm kernel oil, coconut oil, methyl esters), application (solvent, adhesive and sealants, industrial fluids, lubricating oil, fuel additive, food additives, cosmetics and personal care (hair dyes, soaps, shampoos, creams), agrochemicals (insecticides, pesticides, others), others), end-use industry (automotive, agriculture, personal care and beauty, textile, healthcare, pulp and paper, construction, oil and gas, others), and region.

According to the same reports, based on segmentation, the automotive end-use industry will generate high demand for dodecanol during 2022 and 2032. In terms of application, agrochemicals, and solvent categories will also contribute to the overall market growth. Based on region, the dodecanol market in Asia Pacific will demonstrate strong growth over the assessment period. The target market in this region will dominate the global marketplace. The expanding infrastructure and automobile industries, increasing application of dodecanol in the textile industry, and rising per capita income are certain considerations that are responsible for the growth of the dodecanol market in the Asia Pacific region. Europe, too, displays notable growth in the target market. Hence, Asia Pacific and Europe are the two main regions abetting the growth of the dodecanol market during the projection 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 ~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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Nandini Singh Sawlani

Global Dental Ceramics Market is projected to reach US$ 572 million in revenue by 2032

The global dental ceramics market is set to witness a steady growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of approximately 4.9% during the forecast period spanning from 2022 to 2032. According to the latest analysis by Future Market Insights, the market, valued at US$ 339 million in 2022, is anticipated to surge to approximately US$ 572 million by 2032.

The growth in the dental ceramics market is primarily attributed to advancements in medical devices and equipment, coupled with an increase in per capita healthcare expenditure. Moreover, governmental initiatives investing in healthcare infrastructure are expected to further augment the revenue of dental ceramic product manufacturers.

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A significant driving factor for market growth is the preference for dental ceramics over metal ceramics in dental procedures by a substantial portion of the global population. This preference underscores the market’s positive trajectory.

Future Market Insights’ analysis predicts that North America will lead in revenue share, securing approximately 30% during the assessment period from 2022 to 2032. The growth in North America can be attributed to technological advancements, continuous innovation, and manufacturers’ efforts to diversify their product portfolios. The United States, as the dominant player in the North American market, is expected to remain a focal point for key industry players.

“The projected growth of the global dental ceramics market presents significant opportunities for manufacturers and stakeholders,” stated a spokesperson from Future Market Insights. “We anticipate sustained growth driven by technological advancements and increasing healthcare investments.”

Key Takeaways:

According to the FMI estimations, there will be a surge in the application of several medical ceramic products that incorporate porcelain ceramics and glass ceramics in dental treatment, which have been boosting the sales of manufacturers for the past decade. In addition to that, the disposable income of the major worldwide population has seen a significant improvement over the years and people are increasingly spending on their appearance. This is expected to surge the deployment of dental ceramics, to enhance the appearance of teeth.
Ceramic medical products have a widespread application, and they are extensively used in the treatment of various dental ailments, such as restorative components, prosthetic teeth, tooth crowns, and more. Key players in the dental ceramics market are concentrating on launching more products for the comprehending needs of the populace in these types of applications.
Furthermore, there are several other segments on the basis of application that are assisting the growth of medical ceramics and their suppliers in the industry such as cardiovascular, orthopedic, and plastic surgery. These aforementioned factors are expected to propel growth in the market.
The dental ceramics market size is anticipated to expand due to advancements in bonding techniques which help to increase the scope and range of casting porcelain teeth in the dentistry market. Moreover, increased government investments and initiatives towards the advancements of the benefits of dental ceramics are further propelling the global market growth.
Numerous enterprises in the healthcare sector have been massively investing in conducting various research on dental ceramics. One of the major motives behind this research is to replace metal ceramics with metal-free ceramics due to their aesthetic appeal as well as the exceptional mechanical properties of metals.
Attributing to the rising number of cosmetic and implant surgeries all over the world, majorly due to western influence. In addition to that, there has also been a surging awareness of dental implants and their several benefits. These are significant factors that are expected to drive the sales of dental ceramics.

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Competitive Landscape:

The global ceramics market is known to be fiercely competitive, and the overall market is fragmented due to the presence of regional and global market players spread across the globe. With the help of joint ventures and product launches, market players are inclining towards the utilization of diverse strategies to sustain in this extreme competition.

More Insights into the Dental Ceramics Market:

The present dental ceramics market is dominated by the North American region with a notable revenue of around 30%. This is attributed to dentists receiving an entire continuum of oral care due to the extensive efforts of manufacturers in order to expand their product portfolios.

The North American region has witnessed a sizable number of emerging key players in the dental ceramics market. In addition to that, the increasing desire to get implants for aesthetic reasons, especially because of celebrity influence is expected to bolster the dental ceramics market growth in this region.

Other Market Participants of The Dental Ceramics Market:

Noritake Co. Ltd.
Ceramtec
Ferro-Ceramic Grinding Inc.
Saint Gobain
Corning Inc.
Jyoti Ceramic Industries Pvt. Ltd.
Lava
Procera Forte
Nobel Biocare
Cercon
DENTSPLY
Bicon LLC
Coltene
GC Corporation
Ivoclar Vivadent
Mitsui Chemicals
Shofu Dental
Upcera Dental
Ultradent

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Key Segments Profiled in the Dental Ceramics Market Survey:

By Material Type:

Silicates
Oxides
Glass Ceramics

By Application:

Restorative Dentistry
Orthodontics
Periodontics
Endodontics

By Region:

North America
Latin America
Asia Pacific
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 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