Flat Steel Market Poised for US$ 990.7 Billion Growth by 2033: Capitalize on Key Trends

Flat Steel Market
Flat Steel Market

In 2022, the global flat steel market was estimated to be worth US$ 527 billion. The market is projected to expand at a 5.9% CAGR from 2023 to 2033, reaching US$ 990.7 billion.

Steel is being used in more applications in order to lower costs and produce goods of greater quality, which will improve product deployment. Furthermore, throughout the projection period, business growth will be aided by the fast industrialization of developing nations like China and India as well as the use of technology to make steel more efficient and portable.

Cold rolled steel is frequently utilised in automobile applications for both external body and internal part implementations due to its high ductility and dent resistance. Additionally, high surface completion and impact resistance vehicle parts are successfully marketed. These factors increase flat steel spending, which creates growth opportunities.

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Steel technology advancements and increased industrialization are expected to drive Asia Pacific growth. Due to its high level of steel production, intensive R&D efforts, and development of the building sector, all of which are anticipated to accelerate flat steel consumption in China, the country now maintains a sizeable market share. Additionally, the growth of the area market will benefit from the simplicity of access to raw materials.

 “Due to the wide availability of raw materials, social resources, and accelerated technological advancement in regions such as Asia-Pacific, North America, and Europe, the market for the flat iron is estimated to expand. Because of technological developments, Latin America is experiencing rapid growth. says an analyst at Future Market Insights.

Key Takeaways from the Market Study

  • In 2021, the Asia Pacific market was worth USD 256.3 billion.
  • From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 6%.
  • In 2022, the global flat steel market was worth US$ 527 billion.
  • The automobile industry is the largest consumer of flat steel products, consisting of up to 10% of all steel produced globally.
  • In the previous year, construction developments accounted for roughly half of the market in North America.

Key Market Players

Major players are ArcelorMittal (Luxembourg) NIPPON STEEL CORPORATION (Japan) Ezz Steel (Egypt)Tata Steel (India) HBIS Group (China) Voestalpine Group (Austria) ThyssenKrupp Steel Europe (Germany) Metals USA (U.S.) POSCO (South Korea) Yieh Corp. (Taiwan).

  • ArcelorMittal introduced XCarb in March 2021, an initiative aimed at reducing CO2 emissions throughout steel production while making demonstrable improvements toward carbon-neutral steel. In flat product operations, the supplier invested in various of strategies to minimize blast furnace greenhouse gas emissions.

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More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global flat steel market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (HRC, CRC, Sheets, and Others), By Application (Construction, Automotive & Transportation, Mechanical Equipment, and Others) & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & 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 ~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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T: +1-845-579-5705
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Global Poultry Diagnostic Testing Market Set to Reach US$1.2 Billion by 2032

Poultry Diagnostic Testing Market
Poultry Diagnostic Testing Market

The global poultry diagnostic testing market is forecasted to experience significant growth, with projections indicating an increase from its 2022 valuation of US$ 956.3 million to an estimated US$ 1.2 billion by 2032. This promising trajectory, as revealed by a recent market study, highlights a consistent Compound Annual Growth Rate (CAGR) of 2.4% from 2022 to 2032.

The study underscores the escalating demand for poultry diagnostic testing solutions, emphasizing the industry’s pivotal role in safeguarding food safety, disease prevention, and quality control within the poultry sector. This growth aligns with the increasing emphasis on maintaining animal health and productivity while adhering to stringent regulatory standards.

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The significance of the poultry diagnostic testing industry in ensuring the safety and sustainability of the global food supply chain cannot be overstated. As consumer preferences continue to prioritize the quality and safety of poultry products, industry growth is expected to be driven by a heightened focus on preventive measures and compliance with international standards.

Commenting on these findings, FMI, stated: “The projected growth of the global poultry diagnostic testing market underscores the industry’s vital role in safeguarding food safety and ensuring the sustainability of the poultry sector. As stakeholders increasingly recognize the importance of preventive measures and regulatory compliance, we anticipate continued expansion and innovation within the industry.”

The anticipated growth of the poultry diagnostic testing market reflects an optimistic outlook for the industry, driven by its essential contributions to food safety, disease control, and quality assurance. As the sector evolves to meet evolving challenges and consumer demands, continued investment in technological advancements and regulatory compliance is poised to fuel further growth and development.

Key highlights from the market study include:

  • Steady Growth Projection: The forecasted CAGR of 2.4% from 2022 to 2032 signifies a consistent and sustainable growth trajectory for the global poultry diagnostic testing industry.
  • Market Valuation: The industry’s valuation is projected to increase from US$ 956.3 million in 2022 to an estimated US$ 1.2 billion by 2032, underlining the expanding market opportunities.
  • Industry’s Vital Role: The industry’s role in ensuring food safety, disease prevention, and quality control positions it as an integral component of the poultry sector’s sustainability and regulatory compliance.
  • Global Emphasis on Animal Health: The growth aligns with the global emphasis on maintaining animal health and productivity, reflecting the industry’s response to evolving consumer expectations and regulatory requirements.

As industry leaders, stakeholders, and policymakers take note of these projections, there is an increased awareness of the importance of investing in cutting-edge poultry diagnostic testing solutions. The industry’s growth is not only an economic opportunity but also a testament to its critical role in safeguarding public health and sustaining the poultry sector.

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Key factors driving the growth of the poultry diagnostic testing market include:

  • Increasing poultry production: The demand for poultry products, such as chicken and eggs, has been rising globally due to population growth, urbanization, and changing dietary preferences. This has led to an increase in poultry production, which in turn fuels the need for effective diagnostic testing to maintain flock health.
  • Disease outbreaks: Poultry farms are susceptible to outbreaks of various diseases, including avian influenza, Newcastle disease, infectious bronchitis, and others. These diseases can cause significant economic losses and impact public health. Diagnostic testing plays a crucial role in the rapid identification and containment of such outbreaks.
  • Stringent regulations: Governments and regulatory bodies have implemented strict regulations and standards regarding poultry health and food safety. Poultry diagnostic testing helps farmers comply with these regulations and ensures the production of safe and disease-free poultry products.
  • Technological advancements: Advances in diagnostic technologies have led to the development of more accurate, rapid, and cost-effective testing methods. These advancements have improved the efficiency and reliability of poultry diagnostic testing, further driving market growth.
  • Increased awareness: There is a growing awareness among poultry farmers about the importance of early disease detection and prevention. They are increasingly adopting diagnostic testing as a proactive measure to monitor and manage the health of their poultry flocks.

The poultry diagnostic testing market includes several key players, including diagnostic test kit manufacturers, diagnostic laboratories, and veterinary service providers. These companies offer a wide range of diagnostic tests and services tailored to the specific needs of the poultry industry.

What are the Key Poultry Diagnostic Testing Market Dynamics?

The development of avian diseases such bird flu outbreaks and zoonotic diseases is anticipated to fuel the market for poultry diagnostic tests. During the projection period, the adoption of poultry diagnostic testing is expected to increase due to the growing uptake of immunisations, demonstrative observation of livestock birds for the proximity of diseased pathogens, and other factors.

The need for poultry diagnostic testing is projected to be driven by improvements in testing methods along with targeted sample collection, diagnosis, clinical interpretation, and improved laboratory quality control between 2022 and 2032. Additionally, it is projected that growing end-user concerns about food safety will become the main driver of the demand for poultry diagnostic testing in nations that export food.

Key Players:

  • IDEXX Laboratories, Inc.
  • QIAGEN N.V.
  • Thermo Fisher Scientific Inc.
  • Zoetis, Inc.
  • GD Animal Health
  • IDvet
  • AffiniTech, LTD.
  • AgroBioTek Internacional
  • BioNote, Inc.
  • BioChek
  • Boehringer Ingelheim
  • MEGACOR Diagnostik GmbH
  • BioinGentech Biotechnologies, Inc.

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Key Segmentation:

By Test Type

  • ELISA Test
  • PCR Test
  • Other Diagnostic Tests
  • Complement Fixation test
  • Immuno-flourescent antibody test (IFAT)
  • Indirect hemagglutination test (IHA)
  • Direct Agglutinition Test

By Disease Type

  • Avian Salmonellosis
  • Visceral leishmaniasis or Kala-azar
  • Avian Influenza
  • Newcastle Disease
  • Avian Mycoplasmosis
  • Avian Pasteurellosis
  • Infectious Bronchitis
  • Infectious Bursal Disease
  • Avian Encephalomyelitis
  • Avian Reovirus
  • Chicken Anemia
  • Others

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   

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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Multi-Axis Motion Controller Market Sees 9.1% CAGR to US$ 20.3 Billion by 2032

The multi-axis motion controller market is expected to be valued at US$ 8.5 billion in 2022 and US$ 20.3 billion by 2032, with a CAGR of 9.1% from 2022 to 2032. The capacity to control an object’s motion on numerous axes is predicted to raise demand for multi-axis motion controllers throughout the forecast period of 2022 to 2032.

Multi-axis motion controllers can be built with both digital (such as digital computers) and analog components, which is predicted to boost multi-axis motion controller sales in the future year. The multi-axis motion controller is a component of automation that includes moving machine elements.

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Multi-axis Motion Controller Market: Drivers & Restraints:
In the recent past, a concept known as the Internet of Things (IoT) for customized products has emerged. This concept, making its way through the market has brought about an Industrial revolution along with the concept of Industry 4.0.

The emergence of IoT is likely to drive the Multi-axis Motion Controller Market. Also, one of the factors expected to push the growth of the Multi-axis Motion Controller market is the increased adoption and demand for motion controllers in the APAC (Asia-Pacific) region

As the machines used in the industries are gradually becoming electromechanically or electrically operated, the demand for multi-axis motion controllers is also increasing at a fast pace, especially in the machine tools segment. Also, electric discharge machining and laser cutting machining are high-potential areas where growth is estimated at a high CAGR in the forecast period 2017-2021.

Multi-axis motion controllers provide very high levels of precision control and accuracy and hence have a very high demand in the semiconductor segment of the multi-axis motion controller market. Low-cost manufacturers in the Asia region have a competitive strategy for deciding the prices of multi-axis motion controllers. This factor may restrain the growth of the Multi-axis Motion Control Market.

Leading Key Players:

  • ABB
  • Mitsubishi Electric
  • Galil
  • Parker Hannifin
  • Bosch Rexroth

These key players are contributing the lion’s share while focusing and contributing their efforts on various technical methodologies and adoption including mergers, partnerships, collaborations, acquisitions, and others.

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Multi-axis Motion Controller Market: Regional Outlook:
The APAC (Asia-Pacific) region is said to be a global leader in multi-axis motion controller production, accounting for around significant share of the Multi-axis Motion Controller market share.

This figure is estimated to go further up in the estimated period 2017-2021. The APAC region has seen a rise in the investments made in the machinery production field, which has in turn led to an increase in the demand for the multi-axis motion controller.

Asia is a region rich in raw materials, labor, and land, available at an affordable cost. Hence, key players in the Multi-axis Motion Controller Market are willing to make huge investments in the manufacturing sector in the Asia region.

Multi-axis Motion Controller Market Segmentation:

By End User:

  • Packaging and Labeling
  • Machine Tools
  • Material Handling
  • Semiconductor
  • Others

By Applications:

  • GMC
  • Material Handling
  • Robotics and CNC
  • Packaging and Labeling
  • Semiconductor Process
  • Flight Simulator
  • Semiconductor

By Product Type:

  • Digital Signal Processing Type
  • Analog Circuit Type
  • Programmable Logic Type

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   

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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Portable & Inflatable Swimming Pool Market Surges, Expanding at a 9.0% CAGR by 2033: Insights and Projections

Portable & inflatable Swimming Pool Market
Portable & inflatable Swimming Pool Market

In 2023, the global portable & inflatable swimming pool market is likely to hold a value of US$ 2,355.5 million. With the rise in demand for personal recreational equipment, portable & inflatable swimming pools are expected to witness steady growth. By 2033, the market is expected to secure US$ 5,576.3 million, expanding at a CAGR of 9.0%.

The portable & inflatable swimming pool market is anticipated to sustain its growth trajectory, fueled by the emergence of new players and innovations in materials. Moreover, the integration of online distribution channels through digital platforms has facilitated easier access to every region, thereby expanding the customer base and further boosting the growth of portable & inflatable swimming pools.

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Technological advancements and creative thinking will further enhance the product’s performance, making it more commonly utilized in downstream applications. Population explosion and faster growth rates, particularly in emerging economies, are diminishing residential areas, increasing market demand for portable and inflatable swimming pools. Inflatable pools are fairly inexpensive to acquire because they require significantly less installation and construction effort. As a result, they are an excellent solution for a wide range of residences.

The key obstacles of the portable and inflatable swimming pool market are likewise related to restricted space and high manufacturing expenses. Aside from that, laws set by various governments regarding the necessity for barriers are projected to hamper the growth of the portable and inflatable swimming pool market in the forecasted year.

Key Takeaways

  • The portable and inflatable swimming pool industry size developed at a CAGR of 9.0% from 2023 to 2033.
  • In 2022, the United States market size stood at 4.4% globally.
  • The portable and inflatable swimming pool market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.4% through 2023
  • Germany held a 3.8% share of the global portable and inflatable swimming pool market in 2022.
  • With a CAGR of 5.5% over the forecast period, India is predicted to develop rapidly in the portable and inflatable swimming pool market
  • In 2022, Japan a 4.0% share of the portable and inflatable swimming pool market globally
  • The portable and inflatable swimming pool market in China is expected to increase, registering a CAGR of 6.7% over the forecast period.

Competitive Landscape

Diversity of product portfolios through research and development endeavors, as well as business acquisitions and mergers, are some of the key strategies used by leading businesses to strengthen their position in the worldwide portable and inflatable swimming pool market.

Key Players:

  • Blue Wave Products
  • Bestway Inflatables & Material Corp
  • JILONG
  • Intex Recreation Corp
  • Jasonwell
  • Speedo
  • Decathlon
  • K.K.Igarashi
  • Guangzhou Topfun Inflatables Co., Ltd.
  • Mizukami Kinzoki Co. Ltd.
  • Homech
  • Aquafun. in
  • Aierinflatable Yiwu Tuozhan
  • Mojena Ground Pools
  • BETTERBOUNCE LTD.

Recent Developments

  • Forbes in May 2023 posted about how Coleman’s Saluspa is the best inflatable hot tubs for its 6-person capacity and other attractions.
  • In June 2023, BetterBounce Ltd. released an article relating to the safety guidelines and their usage of ropes according to the guidelines. Based on the experience of the company, they found polypropylene ropes to be the most suitable choice for inflatables

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Key Segments Profiled in the Global Portable & Inflatable Swimming Pool Market

By Shape Type:

  • Oval Shaped
  • Square Shaped
  • Rectangular Shaped
  • Round Shaped

By Age:

  • For Children aged 3-6 Years
  • For Children aged 6-12 Years
  • For Children aged 12 Years & Above

By Application:

  • Residential
  • Commercial

By Distribution Channel:

  • Sales by Wholesalers/Distributors
  • Sales by Hypermarkets/Supermarkets
  • Sales by Department Store
  • Sales by Independent Outdoor Activities Stores
  • Sales by Online Retailers
  • Other Distribution Channels

By Region:

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

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
Website: https://www.futuremarketinsights.com
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Global Wavefront Aberrometers Market Expected to Reach US$ 53.8 Million by 2032 at a CAGR of 3.4%

The global wavefront aberrometers market is witnessing rapid growth, with projections indicating a significant increase in market size over the forecast period. According to analysts at Future Market Insights (FMI), the market is estimated to be valued at US$ 37.4 Million in 2022 and is anticipated to reach US$ 53.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 3.4%.

Wavefront aberrometers play a crucial role in identifying lower and higher-order errors in vision, including comas, spherical aberrations, and halos. There are two primary types of wavefront aberrometers – optical wave splitters and wavefront aberrometers. Optical wave splitters measure pupil diameter by detecting the beam of light that enters the eye and reflects back, which is then captured by the optical wavefront aberrometer.

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Despite the promising growth trajectory, challenges such as limited testing, untrained personnel, and inadequate testing equipment pose hurdles to the market’s expansion. However, factors such as improved economic conditions, enhanced healthcare facilities, government initiatives, and increased investment in research and development are expected to bolster market growth.

North America is projected to dominate the wavefront aberrometers market, accounting for a significant market share of 33.9%. This leadership position can be attributed to advanced healthcare infrastructure, favorable government policies, and substantial investments in technological advancements.

As the demand for precise diagnostic tools in ophthalmology continues to rise, manufacturers and stakeholders in the wavefront aberrometers market are poised for sustained growth opportunities.

Several Factors Contribute To the Growth and Demand for Wavefront Aberrometers:

  • Increasing Prevalence of Eye Disorders: With the rising incidence of various eye conditions such as myopia, hyperopia, astigmatism, and presbyopia among the global population, there is a growing need for advanced diagnostic tools like wavefront aberrometers for precise evaluation and treatment planning.
  • Advancements in Refractive Surgery Techniques: Wavefront aberrometers are crucial tools in refractive surgery procedures such as LASIK (Laser-Assisted In Situ Keratomileusis) and PRK (Photorefractive Keratectomy). As these surgical techniques continue to evolve and gain popularity for correcting vision problems, the demand for wavefront aberrometers increases correspondingly.
  • Precision and Accuracy in Diagnosis: Wavefront aberrometers provide detailed and precise measurements of the eye’s optical characteristics, including both lower and higher-order aberrations. This level of accuracy is essential for diagnosing complex vision problems and designing personalized treatment plans for patients.
  • Technological Advancements: Continuous advancements in wavefront aberrometer technology, including improvements in software algorithms, sensor technology, and data analysis techniques, enhance the efficiency, accuracy, and usability of these devices. Such technological enhancements make wavefront aberrometers more appealing to ophthalmologists and eye care professionals.
  • Growing Aging Population: The aging population worldwide is prone to age-related vision disorders such as cataracts and presbyopia. Wavefront aberrometers can aid in diagnosing these conditions accurately, facilitating timely interventions and improving the quality of life for elderly individuals.
  • Increasing Awareness and Healthcare Expenditure: Growing awareness about the importance of regular eye examinations and advancements in healthcare infrastructure, particularly in emerging economies, contribute to the adoption of advanced diagnostic tools like wavefront aberrometers.
  • Integration with Teleophthalmology: The integration of wavefront aberrometry with teleophthalmology platforms enables remote diagnosis and consultation, making eye care more accessible to remote and underserved populations. This integration further expands the market reach of wavefront aberrometers.
  • Customized Treatment Options: Wavefront aberrometry provides detailed information about individual variations in ocular aberrations, allowing for customized treatment plans tailored to each patient’s unique optical characteristics. This personalized approach to eye care drives the adoption of wavefront aberrometers in clinical practice.

These factors collectively contribute to the growth and expansion of the wavefront aberrometers market globally, with increasing demand from both healthcare providers and patients seeking advanced diagnostic and treatment options for vision correction.Top of Form

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Key Companies Profiled:

  • Abbott Medical Optics Inc
  • Novartis AG
  • Carl Zeiss Meditec
  • Essilor instruments
  • Coburn Technologies, Inc.
  • Luneau Technology USA, Inc.
  • NIDEK CO., LTD, OPTIKON
  • SCHWIND eye-tech-solutions
  • US Ophthalmic
  • others

Key Segments Profiled in the Wavefront Aberrometers Market:

By Product Type:

  • Harmann-Shack wavefront aberrometer
  • Ray tracing wavefront aberrometer
  • Tscherning wavefront aberrometer

By Indication:

  • Hyperopia
  • Myopia
  • Astigmatism
  • Others

By End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic Laboratorie

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Japan
  • 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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North America Flame Retardant Thermoplastics Market Poised for 4.8% CAGR Growth, Targets US$ 6.2 Billion by 2032

The North America flame retardant thermoplastics market is set to witness an impressive CAGR of 4.8% over the forecasted years of 2022 to 2032. The North America flame retardant thermoplastics market size is anticipated to reach a valuation of around US$ 6.2 Billion by the end of the year 2032. Picking up from the current valuation of US$ 3.9 Billion in the year 2022.

The demand for flame retardant thermoplastics is anticipated to increase due to ongoing advancements to raise their quality and safety requirements. Numerous North America flame retardant thermoplastics businesses are raising their R&D budgets to produce new goods that are less hazardous to public health and their surroundings.

It is a pliable and highly deformable polymer, which makes it perfect for thermal fabrication purposes resulting in a higher flame retardant thermoplastics market opportunity in North America that is being exploited. The North America flame retardant thermoplastics market growth can also be ascribed to rising consumer recognition of the benefits of flame retardant thermoplastics as building materials.

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Due to its great durability, stiffness, and low shrinkage, ABS is utilized extensively making it the highest-selling segment of the North America flame retardant thermoplastics market. ABS is a robust thermoplastic polymer that is flame-retardant, and resistant to heat and corrosive chemicals, awarding it as the most important segment for the North America flame retardant thermoplastics market growth.

Key Takeaways from the North America flame retardant thermoplastics Market Report:

  • The overall growth of the North America flame retardant thermoplastics market beer market is estimated to be around US$ 2.3 Billion during the coming decade by recording an average CAGR of 4.8%.
  • Due to its increasing popularity of high tensile strength, stiffness, and dimensional stability, the Acrylonitrile Butadiene Styrene product sector held the majority of the profit share.
  • This North America flame retardant thermoplastics market size is anticipated to be driven by rising demand for environmentally friendly and energy-saving goods and services.
  • The automotive and transportation application sector is expected to grow at a rate of 4.6% throughout the projection period, representing more than 17% of all flame-retardant thermoplastics applications in North America in 2021.
  • The demand for flame-retardant thermoplastic items based on polystyrene is anticipated to increase due to strict environmental laws and regulations and an emphasis on indoor air quality.

Competitive Landscape:
Some of the well-known North America flame retardant thermoplastics market players are BASF SE, LANXESS, Dow Inc., ICL, RTP Company, Huber Engineered Materials, Clariant AG, Plastics Color Corporation, Albemarle Corporation, PolyOne Corporation, SABIC, Asahi Kasei Corporation, WASHINGTON PENN PLASTIC CO., INC., Koninklijke DSM N.V., and Teknor Apex among others.

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Recent Developments in the North America Flame Retardant Thermoplastics Market:

  • BASF SE disclosed In January 2021 that it has collaborated with CoHaMa Co., Ltd. to develop hand straps for use in rail and aviation transportation systems. These hand straps or TPU, whose sales are anticipated to increase in the Northern American region, are made of flame-retardant thermoplastic polyurethane without any halogen content.
  • In September 2019, ICL-IP announced that it would increase the rate at which bromine compounds were generated and is expected to double its FR1025 production capabilities. It is an eco-friendly thermoplastic flame retardant called FR1025 and is expected to improve the company’s financial situation shortly.

North America Flame Retardant Thermoplastics Market Segmentation:

By Product Type:

  • Acrylonitrile & Electricals
  • Polycarbonate (PC)
  • Polypropylene (PP)
  • Polystyrene (PS)

By Application:

  • Electrical & Electronics
    • Housings
    • Switches
    • Sockets
    • Enclosures
    • Others
  • Automotive & Transportation
    • Engine Covers
    • Interior System
    • Chassis Suspension System
    • Other Components
  • Building & Construction
    • Flooring
    • Roofing
    • Others
  • Industrial
  • Others

By Country:

  • US
  • Canada
  • Mexico

About Future Market Insights (FMI):

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Server Security Market Aims for US$ 51.7 Billion by 2032, Surging at 7.1% CAGR

The server security market is expected to grow at a noteworthy CAGR of 7.1% from 2022-2032. The report further states that the market is expected to reach a valuation of US$ 26.1 Billion by the end of 2022 and US$ 51.7 Billion by 2032. The increasing need to protect enterprise networks from sophisticated cyber-attacks is set to drive growth in the server security market during the forecast period.

Cloud-based server security software solutions allow businesses to improve their network security at a relatively low cost. Sales of such software solutions are projected to surge with the increasing need to avoid unauthorized access and misuse of network resources.

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Moreover, server security software solutions are gaining immense popularity as companies are striving to protect their networks from critical cyber-attacks like denial-of-service (DoS), distributed denial-of-service (DDoS), man-in-the-middle (MitM), SQL injection attack, cross-site scripting (XSS) software attack, TCP SYN flood attack, botnets, and session hijacking attacks.

Thus, to maintain the network security of various systems from such attacks and network hacks, organizations are likely to continue to adopt cloud server security software solutions in the forthcoming years.

Key Takeaways from the Server Security Market Report:

  • By solution, the software segment is expected to dominate the global server security market and exhibit growth at a CAGR of around 7.7% between 2022 and 2032.
  • By deployment, the cloud-based segment is set to lead the global market with a CAGR of nearly 9.0% between 2022 and 2032.
  • By enterprise size, demand for server security software solutions in small and mid-sized enterprises (SMEs) is estimated to grow 2.3x in the upcoming decade.
  • By industry, the healthcare segment is projected to showcase significant growth at a CAGR of about 10.2% between 2022 and 2032.
  • By region, the North American server security market was holding the highest share of around 29.6% in 2021.

The global server security market is set to grow steadily due to increasing demand for cybersecurity solutions to protect servers from sophisticated cyber-attacks. A wide variety of services are provided by a server to external and internal users of an organization and thus it is prone to hacking.

Also, various servers like web, email, database, infrastructure management, and file servers process or store sensitive information for an organization. To access these unauthorized files, an organization’s servers are frequently targeted by cybercriminals.

To protect an organization’s network infrastructure from server-based cyber-attacks, businesses are adopting innovative server security solutions. As a result of the aforementioned factors, the global server security market will witness considerable growth during the forecast period.

Leading Key Players:

  • IBM
  • Sophos
  • Palo Alto Networks
  • Cloudflare
  • DDoS-Guard
  • HaltDos
  • Endgame
  • Comodo
  • Cisco
  • Nexusguard
  • Fortinet
  • Orange
  • Tata Communication
  • Checkpoint Software
  • SAP
  • Openmind Networks

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Server Security Market Segmentation:

By Solution:

  • Software
    • Network Firewalls
    • Unified Threat Management Solution
    • DDoS Mitigation Solution
    • Endpoint Protection Platforms
    • Others
  • Services
    • Professional Services
      • Security Consulting
      • Implementation Services
      • Integration Services
      • Support & maintenance
    • Managed Services

By Deployment:

  • On-Premises
  • Cloud-based

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-Sized Enterprises (SMEs)

By Industry: 

  • IT & Telecom
  • BFSI
  • Government & Defense
  • Healthcare
  • Retail
  • Manufacturing
  • Education
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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.

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Global Personal Genome Testing Market is predicted to be US$ 4,468 Million by the year 2032

Personal Genome Testing Market
Personal Genome Testing Market

The global personal genome testing market is on the brink of exponential growth, as per the latest market forecast revealing a substantial surge. Leading research firms project the global personal genome testing market to soar to a valuation of US$ 4,468 Million by 2032, marking a significant increase from US$ 1,545.5 Million in 2022. This trajectory signifies an impressive Compound Annual Growth Rate (CAGR) of 10.1% throughout the forecast period.

The surge in the personal genome testing market underscores the escalating demand for personalized healthcare solutions and the growing awareness and adoption of genetic testing worldwide. Personal genome testing equips individuals with insights into their genetic predispositions, facilitating informed decisions concerning health, wellness, and disease prevention.

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The factors driving this growth include technological advancements, greater accessibility to genetic testing, rising interest in personalized medicine, and the expanding scope of applications in healthcare. This surge not only signifies market expansion but also reflects a paradigm shift in how individuals approach and engage with their health and well-being.

Strong testing volumes requested and managed by non-geneticists have raised healthcare practitioners’ awareness of these diagnostics’ efficacy, which has accelerated the acceptance of personal genome testing.

Consumer demand for personal genome testing is rising as a result of the widespread availability of lifestyle- and nutrition-based genetic tests to support diet and lifestyle recommendations. The market share for personal genome testing is being driven by genetic testing’s accuracy and dependability as well as increased public knowledge of its advantages.

Key Takeaways from the Personal Genome Testing Market:

  • The market is segmented by application into reproductive health, cancer screening, ancestry, and predictive and pre-symptomatic testing. The reproductive health segment is expected to hold the largest market share during the forecast period, owing to the increasing demand for prenatal testing and carrier screening.
  • The direct-to-consumer (DTC) testing segment is expected to witness the highest growth rate during the forecast period, owing to the increasing availability of affordable and accessible DTC testing kits.
  • North America is expected to remain the dominant regional market during the forecast period, owing to the high adoption of personal genome testing in the region.
  • The key players in the personal genome testing market include Ancestry, 23andMe, Myriad Genetics, Illumina, and Thermo Fisher Scientific.

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The growth of the personal genome testing market is expected to be driven by the increasing demand for personalized medicine. Personalized medicine is an approach to healthcare that takes into account an individual’s genetic makeup to develop tailored treatment plans. Personal genome testing can provide insights into an individual’s risk of developing certain diseases, as well as their response to different medications. This information can be used to develop more effective and individualized treatment plans.

The personal genome testing market is still in its early stages of development, but it is rapidly growing. The increasing affordability and accessibility of DTC testing kits is expected to fuel the growth of the market in the coming years.

Key companies profiled:

  • 23andMe Inc.
  • Navigenics
  • deCODEme
  • Color Genomics Inc.
  • Personal Genome Diagnostics Inc.
  • Counsyl, Inc.
  • Quest Diagnostics
  • Gene By Gene Ltd.
  • Laboratory Corporation of America Holdings
  • Thermo Fisher Scientific
  • QIAGEN N.V.
  • Agilent Technologies, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Bio-Rad Laboratories Inc.
  • BGI, MYRIAD GENETICS, INC. (MYRIAD RBM, INC.)
  • Eurofins Scientific

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Key Segments:

By Type:

  • Multi-Targeted Testing
  • Non-Targeted Testing
  • Targeted Testing

By Application:

  • Neurological Disorders
  • Oncology
  • Metabolic Disorders
  • Autoimmune Disorders

By Region:

  • North America
  • Latin America
  • MEA
  • Asia Pacific
  • 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.

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North America, Europe, and Asia Pacific Legal Cannabis Market Poised for Remarkable Growth US$ 175.7 Billion by 2032

North America, Europe, and Asia Pacific Legal Cannabis Market
North America, Europe, and Asia Pacific Legal Cannabis Market

The North America, Europe, and Asia Pacific legal cannabis market is on the verge of an extraordinary surge, with projections indicating a valuation of US$ 18.42 Billion by 2022. Furthermore, the industry is expected to reach an astonishing US$ 175.7 Billion by 2032, boasting a remarkable Compound Annual Growth Rate (CAGR) of 25.3% over the decade.

This unprecedented growth is primarily attributed to the worldwide trend of increasing cannabis legalization, spanning both medical and recreational usage. Governments and regulatory bodies globally are recognizing the diverse potential offered by cannabis and its derivatives, leading to a robust and sustainable market expansion.

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Key Highlights:

  • Exponential Growth Projection: The legal cannabis industry in the North America, Europe, and Asia Pacific region is anticipated to surge from US$ 18.42 Billion in 2022 to an astounding US$ 175.7 Billion by 2032, showcasing an impressive CAGR of 25.3%.
  • Global Trend of Cannabis Legalization: The driving force behind this remarkable expansion is the progressive shift towards the legalization of cannabis for both medical and recreational purposes across the globe. Countries are increasingly acknowledging the manifold opportunities presented by cannabis, thus propelling the industry to unprecedented heights.
  • Market Dynamics: The legal cannabis market is expected to witness significant dynamics, with increased investment, product innovation, and evolving regulatory frameworks contributing to sustained growth over the forecast period.
  • Manifold Possibilities: Governments worldwide are embracing the manifold possibilities offered by cannabis and its derivatives. This includes its potential in medical treatments, economic contributions, and job creation, fostering a conducive environment for market growth.
  • Investment Opportunities: The surge in the legal cannabis industry presents lucrative opportunities for investors, businesses, and entrepreneurs to capitalize on this burgeoning market. As the industry continues to mature, new avenues for investment and collaboration are expected to emerge.

As the legal cannabis industry gears up for this remarkable journey of growth, stakeholders, investors, and businesses are urged to stay abreast of market trends and capitalize on the evolving landscape. The period from 2022 to 2032 is expected to be transformative for the global legal cannabis industry, unlocking unprecedented opportunities and shaping the future of this dynamic market.

The key takeaways from the North America, Europe & Asia Pacific legal cannabis market report are as follows:

  • The legal cannabis market is expected to grow at a rapid pace in the coming years, driven by the increasing legalization of cannabis for medical and recreational use in several countries around the world.
  • North America is the largest market for legal cannabis, followed by Europe and Asia Pacific.
  • The United States is the largest market in North America, followed by Canada.
  • The German market is the largest market in Europe, followed by the United Kingdom market.
  • The Australian market is the largest market in Asia Pacific, followed by the Japanese market.
  • The key trends driving the market growth include the increasing awareness of the medicinal benefits of cannabis, the growing demand for CBD products, and the legalization of cannabis for recreational use in several countries around the world.

The legal cannabis market is still in its early stages of development, but it has the potential to become a major global industry in the coming years. The increasing legalization of cannabis and the growing awareness of its benefits are driving the market growth.

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North America, Europe & Asia Pacific Legal Cannabis Market Key Players:

  • Aurora Cannabis
  • Canopy Growth Corporation
  • Tilray
  • VIVO Cannabis Inc.
  • GW Pharmaceuticals
  • Lexaria Bioscience Corp.
  • Bod Australia
  • Organigram Holdings Inc.
  • The Cronos Group
  • AusCann Group Holdings Ltd.
  • Cann Group Limited
  • THC Global Group Limited
  • Althea Group
  • Zelira Therapeutics
  • MGC Pharma

North America, Europe & Asia Pacific Legal Cannabis Market by Segmentation:

By Source:

  • Marijuana
    • Flower
    • Oil & Tinctures
  • Hemp
    • Hemp CBD
    • Supplements
    • Industrial Hemp

By Derivates:

  • CBD
  • THC
  • Others

By End-Use:

  • Medical Use
    • Cancer
    • Chronic Pain
    • Depression and Anxiety
    • Arthritis
    • Diabetes
    • Glaucoma
    • Migraines
    • Epilepsy
    • Multiple Sclerosis
    • AIDS
    • Amyotrophic Lateral Sclerosis
    • Alzheimer’s
    • Post-Traumatic Stress Disorder (PTSD)
    • Parkinson’s
    • Tourette’s
    • Others
  • Recreational Use
  • Industrial Use
    • Textile
    • Non-textile

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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IoT Application Enablement Market Soars 27.5% to Reach US$ 40.5 Billion by 2033

The IoT application enablement market is poised for remarkable growth, with projections indicating that it will surge to a staggering US$ 40.5 billion by the year 2033. This unprecedented expansion is underpinned by a compelling CAGR of 27.5%. The IoT application enablement market’s meteoric rise is a testament to the escalating demand for sophisticated solutions that empower businesses and individuals to harness the full potential of the Internet of Things (IoT).

As our world becomes increasingly interconnected and data-driven, the need for comprehensive IoT application enablement services is growing rapidly, driving innovation and transforming industries across the globe. This lucrative market presents vast opportunities for companies to provide cutting-edge technologies and services that enable seamless integration and management of IoT devices and applications, positioning them for significant growth in the years ahead.

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Artificial Intelligence (AI) technologies are data-driven and IoT sensors are an asset to the Machine Learning (ML) data pipeline. Integration of artificial intelligence & IoT technology enables enterprises to achieve digital transformation. It enables IoT devices to collect and transfer data to the cloud or other spaces where they can accumulate data through the internet.

AI and IoT are integrating to offer greater control and visibility of the wide array of sensors and devices connected to the internet. Such IoT transformation helps businesses to implement conversational agents for customers, engage customers, obtain analytics, customize user experiences, or optimize productivity with predictions and insights.

Key Takeaways from the IoT Application Enablement Market Report:

  • By solution, sales in the IoT application enablement platform segment are anticipated to increase at a 24.3% CAGR through 2032.
  • Among the enterprise size, demand in the SME segment is estimated to grow at a CAGR of 29.0% during the forecast period.
  • Based on industry, the adoption of IoT application enablement in the manufacturing sector will increase at a CAGR of 34.2% between 2022 to 2032.
  • The U.S. IoT application enablement market is expected to expand at a CAGR of 19.8% through 2032.
  • The China IoT application enablement market is expected to grow by 13.9X during the forecast period.
  • Demand in the Japanese market is expected to grow at a CAGR of 31.6% during the assessment period.

Competition Landscape:
Altair, Amazon Web Services, ClearBlade, Ericsson, Fujitsu, IBM, Microsoft, Oracle Corporation, PTC, SAP, Siemens, AllThingsTalk, Hughes Systique Corporation, and Software AG are some of the leading players operating in the global IoT application enablement market.

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More Valuable Insights on the IoT Application Enablement Market:
Future Market Insight’s report on the IoT application enablement market research is segmented into four major sections – solution (IoT application enablement platform (cloud-based, and on-premises), and services ( professional services, and managed services) ), enterprise size (small and mid-sized enterprises (SMEs), and large enterprises)), industry (BFSI, telecom & IT, energy and utilities, healthcare, manufacturing, education, retail, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT application enablement demand outlook.

IoT Application Enablement Market Segmentation:

By Solution:

  • Platform
    • Cloud-based
    • On-Premises
  • Services
    • Professional Service
    • Managed Services

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Manufacturing
  • IT & Telecom
  • BFSI
  • Healthcare
  • Transport and Logistics
  • Energy and Utilities
  • Retails
  • Others

By Region:

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

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