Explore How Industrial Radiography is Shaping the Future of Quality Assurance. FMI Analysts Predict the Market to Record a CAGR of over 8.3% through 2033

According to projections, the industrial radiography market will grow from US$ 649.5 million in 2023 to US$ 1,446.0 million in 2033. Through 2033, the industrial radiography market is expected to grow at a compound annual growth rate of 8.3%.

There are important factors driving the industrial radiography industry’s growth trajectory. One motivator is the growing focus on quality and safety in a variety of industries, such as manufacturing, aerospace, and oil and gas. Businesses are being forced to invest in modern radiography solutions in order to assure the integrity of materials and components due to strict regulatory frameworks and industry requirements. Companies are adopting cutting-edge technologies like computed tomography (CT) for three-dimensional imaging as a result of this digital transformation, which is increasing demand and improving inspection precision.

While the industrial radiography industry shows remarkable promise, it is not immune to certain restraints that merit consideration. One notable restraint is the capital-intensive nature of establishing and maintaining radiography facilities. The initial costs associated with procuring state-of-the-art equipment, ensuring regulatory compliance, and training specialized personnel can be significant barriers for smaller enterprises seeking entry into the market.

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The industrial radiography sector is rife with opportunities arising from a market dynamics convergence. One prominent opportunity lies in the growing adoption of radiography for preventive maintenance in aging infrastructure, such as bridges and pipelines. As industries increasingly prioritize predictive maintenance to enhance asset longevity, the demand for radiography services to assess structural integrity is rising.

The industrial radiography landscape is evolving in response to emerging trends reshaping how inspections are conducted. One prevailing trend is the integration of artificial intelligence (AI) and machine learning (ML) algorithms into radiography systems. These technologies enable automated defect detection, pattern recognition, and data analysis, expediting inspection and enhancing accuracy.

Key Takeaways

  • North America leads the industrial radiography market with a 24.5% market share. This is due to the region’s large number of aerospace, automotive, and oil and gas businesses.
  • Europe is the second-largest industrial radiography market, with a 20.4% market share. This is due to the region’s strong economy and its focus on innovation.
  • China is the third-largest industrial radiography market, with a 10.3% market share. This is due to the country’s growing economies and increasing adoption of industrial radiography in various industries.
  • Japan is the smallest industrial radiography market, with a 6.4% market share. This is due to the country’s relatively small economy and its limited adoption of industrial radiography.

Competitors Winning Strategies
Competitors in the industrial radiography market are focusing on developing new products and services which their customers demand. With this, they stay ahead in the market. They are expanding their businesses into new markets like the automotive industries. From this, they can get new customers from new markets. They are also building partnerships with other businesses. With this, they can expand their reach and also gain access to new technologies.

YXLON International, DanDong Huari, Nikon Metrology, Nordson, Aolong Group, COMET Group, Fujifilm, General Electric (GE), Hitachi, and Shimadzu are some of the competitors in the industrial radiography market.

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Recent Developments

  • YXLON International introduced a new cloud-based radiography software system that enables customers to view and control radiography data from anywhere globally. The software is aimed to facilitate cooperation and communication amongst radiography teams.
  • DanDong Huari created new portable radiography equipment that utilizes AI to spot faults in welds automatically. The device may be used to check welds in real-time without human involvement.
  • Nikon Metrology unveiled a new 3D X-ray scanner that can scan items up to 10 meters in length. The scanner is developed for usage in the aerospace and automotive sectors, where it may be utilized to check big elements.
  • Nordson released a new radiography software platform that enables customers to build and handle radiography processes. The platform provides a collection of pre-built procedures and a tool for constructing bespoke processes.

Key Segments Covered in the Industrial Radiography Industry Analysis

By Imaging Technique:

  • Digital Radiography
  • Film-Based Radiography

By Industry:

  • Power Generation
    • Wind Power
    • Fossil Fuel
    • Nuclear Power
    • Solar Power
  • Aerospace
    • Airframe Manufacturing
    • Maintenance
    • Engine Part Production
    • Material and Component Analysis
  • Petrochemical and Gas
    • Refining
    • Subsea Pipeline
    • Liquefaction of Natural Gas
    • Transmission Pipeline & Storage Tanks
  • Manufacturing
    • Metal Industry
    • Shipbuilding
    • Mining Industry
    • Pipe and Tube Manufacturing & Foundry
  • Automotive & Transportation
    • Metal Casting
    • Wheel and Axle Manufacturing
    • Critical Components Manufacturing
  • Others

By Region:

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

Author:

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

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

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,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Expansion Forecast: Polysulfide Market Anticipates Strong Adoption at 3.5% CAGR by 2033

The polysulfide market is predicted to be valued at US$ 3 billion in 2023 and US$ 6 billion by 2033. Over the projection period, sales in the polysulfide market are expected to increase at a CAGR of 3.5%.

An emerging trend is the increasing use of polysulfides in the production of fuel-efficient tires. Polysulfides are used as a coupling agent in the production of silica-reinforced tire treads which reduces rolling resistance and improves fuel efficiency.

A significant opportunity is the use of polysulfides in the production of biodegradable plastics. Polysulfides can be used as a cross-linking agent in the production of biodegradable plastics, which can replace traditional petroleum-based plastics and reduce environmental impact.

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There is a growing demand for polysulfide-based sealants and adhesives in the construction industry due to their ability to withstand harsh environmental conditions. Polysulfides are used in the aerospace industry to seal fuel tanks and hydraulic systems due to their resistance to fuels and chemicals.

Overall, the polysulfide market presents numerous trends and opportunities that can be capitalized on by manufacturers and businesses looking to expand their offerings in various industries.

Key Takeaways from this Market:

  • As per FMI analysis, the United expected to grow at a CAGR of 3.3% during the forecast period.
  • Germany emerged as a significant player in the Polysulfide industry, with a CAGR of 3.3% during the forecast period.
  • The Thiokol segment is expected to dominate the Polysulfide industry with a market share of around 60% by the end of 2023.
  • The automotive & transportation application segment is expected to dominate the Polysulfide market, capturing a market share of nearly 25% by the end of 2023.

“Increasing demand from the construction industry and rising preference for eco-friendly products are driving the polysulfide market,” – remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Polysulfide market?

Leading players in the polysulfide market are revolutionizing the manufacturing process by adopting advanced technologies and sustainable practices. They are focusing on improving the efficiency of the production process, reducing energy consumption, and minimizing waste generation. Companies are also investing heavily in research and development to develop innovative products that offer superior performance and environmental benefits. They are collaborating with universities and research institutions to enhance their product portfolio and stay ahead of the competition. Significant players are also expanding their global presence by establishing strategic partnerships and acquiring local companies in emerging markets. These initiatives are enabling them to cater to the growing demand for polysulfide products across various end-use industries, including construction, aerospace, and automotive.

Major Players:

  • Nouryon
  • Toray Fine Chemicals.
  • JSC Kazan Synthetic Rubber Plant
  • Flamemaster Corporation
  • Akzo Nobel N.V.
  • Ineos Group
  • Chevron Phillips Chemicals
  • Arkema
  • Robinson Brothers

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Recent Developments in the Industry:

  • In October 2020, Nouryon announced that it had acquired the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.

More Insights Available:

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

To understand opportunities in the polysulfide market, the report is segmented on the basis of Product Type (Thiokols and Solid Polysulfide Elastomers), End Use (Automotive & Transportation, Industrial Processing & Application, Building & Construction, Protective Coatings, Specialty Chemicals and others), across 6 major regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

Market Segmentation:

By Product Type:

  • Thiokols
  • Solid Polysulfide Elastomers

By End Use:

  • Automotive & Transportation
  • Industrial Processing & Application
  • Building & Construction
  • Protective Coatings
  • Specialty Chemicals
  • 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 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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Foley Catheter Market Size, Outlook & Growth Report at a compound Annual Growth Rate (CAGR) of 5.4%, valuing itself at US$ 2,641 Million by 2033

Foley Catheter Market
Foley Catheter Market

The Global foley catheter market sales are anticipated to attain US$ 1,565 million by 2023. Between 2023 and 2033, the market is projected to develop at a compound annual growth rate (CAGR) of 5.4%, valuing itself at US$ 2,641 million by then.

Foley catheter sales are increasing quickly, which is a sign of the continuous improvements in patient care and medical technology. An essential piece of medical equipment for treating and relieving urological problems is the foley catheter.A number of factors are driving the market’s expansion, such as increased awareness of urological diseases, technological advancements in catheter design, and an aging population with a higher frequency of urinary disorders. The market for Foley catheters continues to lead the way, evolving and adapting to suit the

Since urological illnesses such urine incontinence, bladder retention, and urinary blockage are becoming more common, the foley catheter market has been growing steadily. The National Institutes of Health reports that almost 50% of women 65 years of age and beyond have some form of urine incontinence. Furthermore, throughout the projected period, the aging population and the rise in chronic renal illnesses are anticipated to drive the demand for foley catheters.

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An important factor propelling the foley catheter market is the growing popularity of less invasive surgical techniques. Because of their quicker recovery periods and decreased risk of complications, these treatments are becoming more and more common. Since many minimally invasive treatments need the use of foley catheters, this factor is anticipated to fuel market expansion over the course of the projected period.

Nevertheless, there are a number of obstacles facing the foley catheter business, including CAUTIs, or catheter-associated urinary tract infections. CAUTIs are linked to higher healthcare expenses and are a major source of morbidity and mortality among hospitalized patients. As a result, novel catheter coatings and materials have been created that can lower the risk of CAUTIs..

The growing competition from complementary therapies like sacral nerve stimulation and pelvic floor muscle training presents another difficulty for the foley catheter market. Because of these non-invasive methods’ long-term efficacy, they are becoming more and more well-liked. This is predicted to partially impede the market’s growth for foley catheters.

The foley catheter market is anticipated to expand throughout the forecast period in spite of these obstacles. A growing number of people are becoming older, urological problems are becoming more common, and less invasive surgical techniques are becoming more and more popular, all of which are contributing to this growth. Businesses in the foley catheter sector must concentrate on creating cutting-edge catheter coatings and materials that can lower the risk of CAUTIs and enhance patient outcomes if they want to stay competitive.

Key Takeaways from the Foley Catheter Market:

  • The top product in the foley catheter industry is the 2-way catheter, which is expected to rise at a CAGR of 8.8% from 2023 to 2033.
  • Hospitals are the top-end user of the foley catheters industry, with a projected CAGR of 8.8% during the forecast period.
  • The United States foley catheters industry is expected to reach US$ 756.7 million by 2033, with a CAGR of 5.7% during the forecast period.
  • China is expected to see a CAGR of 5.9% from 2023 to 2033, with a market size of US$ 119.9 million by 2033.
  • The Canada foley catheters industry is expected to reach US$ 102.1 million by 2033, with a CAGR of 4.0% during the forecast period.
  • Germany is expected to see a CAGR of 5.9% during the forecast period, with a market size of US$ 111.7 million by 2033.
  • The United Kingdom foley catheters industry is expected to reach US$ 159.5 million by the end of the forecast period during the forecast period, with a CAGR of 5.8% from 2023 to 2033.

Rise of Antimicrobial Coatings and Silicone-based Catheters Fuels Competition in the Market

The global foley catheter industry is highly competitive, with numerous sizable companies operating in the market. The market is characterized by the presence of several leading players, along with numerous regional players and new entrants.

The industry is dominated by prominent players such as B. Braun Melsungen AG, Coloplast A/S, Cook Medical LLC, CR Bard Inc., Medline Industries Inc., and Teleflex Inc. These companies are well-established and have a strong presence in the global market. They focus on developing innovative and advanced products to maintain their position in the market. These players also engage in strategic collaborations, partnerships, and mergers and acquisitions to expand their business and enhance their product portfolio.

In addition to the key players, several regional players also play a significant role in the market. These companies focus on catering to the specific needs of their respective regions. They offer cost-effective and customized products to their customers. Regional players include companies such as Hollister Incorporated, Manfred Sauer GmbH, and Bactiguard AB.

Several new entrants are entering the market, intensifying the competition. These companies are focusing on developing low-cost products to gain a foothold in the market. These players include companies such as ASID BONZ GmbH, Amsino International Inc., and Fuqing Medical.

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Key Segments

Type:

  • 2 Way
  • 3 Way
  • 4 Way

Material:

  • Latex Foley Catheter
    • Hydrogel-coated Latex Foley Catheters
    • Silicon-coated Latex Foley Catheter
    • Silver-coated Latex Foley Catheters
    • PTFE (polytetrafluoroethylene) (Teflon)
    • Coated Latex Foley Catheters
  • Silicon Foley Catheter
    • Hydrogel-coated Silicone Foley Catheters
    • Pure Silicone Foley Catheters
    • Silver-coated Silicon Foley Catheters
    • Others

Indication:

  • Urinary Incontinence
  • Urethral Stricture
  • Chronic Obstruction
  • Neurogenic Bladder
  • Enlarged Prostate Gland/BPH
  • Prostate Cancer
  • Others

End User:

  • Hospitals
  • Long-term Care Facilities
  • Others

Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
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Hydrocarbons Accounting Solution Market Poised for Robust Growth, Valued at US$ 798.8 Million by 2033

The hydrocarbons accounting solution market is Outlook to expand from US$ 498.2 million in 2023 to US$ 798.8 million by 2033. The demand for hydrocarbon accounting solutions is likely to expand at an impressive CAGR of 4.8% through 2033. The hydrocarbon accounting solution industry is propelled by a convergence of factors that fuel its continuous growth. Rapid technological advancements, such as AI and blockchain integration, optimize data management and enhance accuracy in accounting processes. Additionally, the global shift towards sustainable practices drives the adoption of eco-friendly solutions, aligning with industry demands and regulatory expectations.

Amidst the industry’s ascent, several restraints loom, shaping the landscape’s contours. Evolving regulatory frameworks present a persistent challenge, as compliance intricacies demand constant adaptation. Data security concerns cast a shadow, urging industry players to fortify cybersecurity measures to protect critical information. Economic volatility and fluctuations in oil prices pose uncertainties, impacting investments and operational budgets.

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The hydrocarbons accounting solution industry stands on the threshold of promising opportunities. The global push for energy transition propels the integration of renewable energy sources, opening avenues for innovative accounting solutions tailored to these emerging sectors. The expanding portfolio of digital transformation projects within the oil and gas industry creates a demand for comprehensive accounting tools that can seamlessly integrate with evolving technologies.

The industry is experiencing transformative shifts driven by cutting-edge trends. Cloud-based solutions are gaining traction, offering scalability, flexibility, and remote access, catering to the demands of a dynamic workforce. Integration of Internet of Things (IoT) devices enables real-time data acquisition, enhancing the accuracy and speed of hydrocarbons accounting processes.

Key Takeaways from the Hydrocarbons Accounting Solution Market:

  • North America leads the hydrocarbons accounting solution market with a 3% market share. This is due to the region’s large oil and gas industry, which is a major user of hydrocarbon accounting solutions.
  • Europe is the second-largest hydrocarbon accounting solution market, with a 5% market share. This is due to the region’s strong economy and focus on regulations compliance.
  • The United States commands a formidable 2% market share, driven by a proactive technological approach that sets new efficiency benchmarks.
  • Germany’s 2% market share signifies its commitment to meticulous hydrocarbons accounting solutions, reflecting its engineering excellence and high-quality standards.
  • With a 2% market share, Japan emphasizes automation and integration, contributing adaptive solutions through process optimization and cutting-edge technology.
  • Expanding at 2% CAGR through 2033, Australia’s steady hydrocarbons accounting solution industry growth aligns with sustainable practices and long-term viability.
  • China’s hydrocarbons accounting solution industry is anticipated to witness an impressive 5% CAGR through 2033. This showcases the country’s emergence as a dynamic market player driven by rapid innovation and locally-developed technologies.
  • India’s hydrocarbons accounting solution industry is projected to expand at a 3% CAGR through 2033. This highlights the country’s focus on data-driven efficiency, harnessing analytics for informed decision-making and industry evolution.
  • The United Kingdom market is predicted to register an 2% CAGR through 2033. This underscores its leadership with technological agility, shaping the industry trajectory through adaptive strategies.
  • Hydrocarbons accounting solution software holds a commanding 3% share, driving industry evolution through digitization, real-time analytics, and precision accounting.
  • Hydrocarbons accounting solution for upstream companies captures 2%, reflecting its crucial role in enhancing upstream operations and reservoir management.

Competitors Winning Strategies
Companies in the market are engaged in a relentless pursuit of technological innovation and data accuracy. The industry’s focus revolves around the development of advanced technologies that can precisely measure, monitor, and report hydrocarbon production and distribution within the oil and gas sector.

In this industry, staying at the forefront of emerging technologies such as sensors, IoT devices, data analytics, and artificial intelligence is essential. The ability to offer real-time insights, automate complex processes, and ensure data integrity becomes a defining factor in setting companies apart. Achieving impeccable accuracy in measuring hydrocarbon flows across intricate networks is a core objective, further intensifying the competition to provide solutions that deliver impeccable data accuracy and integrity.

Baker Hughes, GE Oil & Gas, Schlumberger, SAP, OSIsoft, Halliburton, CGG, WellView, AssetLogix, Infosys, P2 Energy Solutions, CGI Group, and Wipro are some of the competitors in the hydrocarbons accounting solution market.

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Restraints:

However, despite the promising growth trajectory, the market encounters challenges such as the high initial investment costs associated with implementing advanced accounting solutions, concerns regarding data security, and the complexities related to integrating these solutions with existing legacy systems, hindering market growth to an extent.

Key Companies Profiles :

  • Infosys
  • SAP
  • Adept Solutions
  • P2 Energy Solutions
  • Tieto
  • Quorum Business Solutions
  • EnergySys
  • Schlumberger
  • JPL
  • Pansoft
  • CGI Group
  • Wipro Limited

Recent Developments

  • Baker Hughes introduces the Baker Hughes Hydrocarbon Accounting Suite, a cloud-based system to enhance hydrocarbon accounting precision for oil and gas firms.
  • GE Oil & Gas acquires WellView, a hydrocarbon accounting software developer, to expand its solutions and meet client demands.
  • Schlumberger unveils the Schlumberger Hydrocarbon Accounting Platform, aiding oil and gas firms in refining accounting practices for modern field challenges.
  • Halliburton launched the Halliburton Hydrocarbon Accounting System, assisting oil and gas companies in improving accounting efficiency and addressing energy transition needs.

Key Segments Profiled in the Hydrocarbons Accounting Solution Industry Survey

By Component:

  • Software
  • Services
    • Consulting
    • Implementation
    • Support

By Deployment Type:

  • Cloud-based Hydrocarbons Accounting Software
  • On-premise Hydrocarbons Accounting Software

By End-Use Sector:

  • For Upstream Companies
  • For Mid-Stream Companies
  • For Downstream Companies

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

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
LinkedIn| Twitter| Blogs | YouTube

Rising Demand: Sulfone Polymers Market Anticipates 5.0% CAGR Growth Globally by 2033

The sulfone polymers market size is predicted to be worth US$ 1,343.9 million in 2023, rising to US$ 2,189.1 million by 2033.  The market for sulfone polymers is expected to grow at a significant CAGR of 5.0% during the forecast period.

Drivers of the Sulfone Polymer Market

  • The rapid expansion of the electrical and electronics sectors around the world is driving up demand for sulfone polymer.
  • Rising demand for amorphous thermoplastics with higher strength and hydrolytic stability are likely to drive market growth.
  • Demand for consumer goods and healthcare services is expected to drive market growth.

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Restriction in the Sulfone Polymer Market

  • The complex process cycle involved in the production of conventional polymers, as well as the need for cost-effective raw materials, may limit market growth.
  • Given its low resistance to UV light and higher cost, it is not widely used by small to medium-sized businesses.

Opportunities in the Global Sulfone Polymers Market

  • The demand for high-performance sulfone polymers has increased due to rapid technological advancements in the automotive and aerospace industries.
  • Due to their lighter weight and higher strength, composite materials made of sulfone polymers have replaced metals in the aircraft industry. This trend is anticipated to fuel the sulfone polymer market.

Key Takeaways from the Sulfone Polymers Market 

  • The United States is expected to account for a sizable portion of the North American sulfone polymers market. The market is expected to account for 31.6% of the global market. The rapid development of the healthcare sector has significantly aided market growth.
  • Polysulfone sulfone polymer sales are expected to grow at a significant 5.4% CAGR and hold a significant market share of 42.6% by 2033. End uses such as automotive, health care, and consumer goods drive demand for the polysulfone segment.
  • Germany is expected to hold 6.1% of the global sulfone polymers market in 2033. A number of suppliers and distributors in the region serve the country’s market. This facilitates the growing demand for sulfone polymers in a variety of end-use industries and is expected to generate high demand for sulfone polymers in the country over the forecast period.
  • China is expected to continue to be a major producer of sulfone polymers around the world. This is primarily due to the country’s rapid industrialization. According to FMI, China is expected to account for a fair share of the global sulfone polymer market, creating an incremental opportunity of more than US$ 70.8 million between the analysis period.

Who is Winning?

Leading players in the sulfone polymers market are focusing on technological advancements in order to develop sulfone polymers with cutting-edge technology. Aside from that, in order to gain a competitive advantage, players are focusing on strategic mergers and acquisitions, collaborations, and innovative product launches to serve more end users in the domestic market.

Recent Developments in the Sulfone Polymers Industry

  • Sumitomo Corporation, Acceleration of Study on Establishing Ammonia Supply Chain for Bunkering in Singapore and Receival of Approval in Principle for Ammonia Bunkering Vessel in May 2022.
  • Sumitomo Corporation will complete the Mine Life Extension Development at the Northparkes Mine in Australia in March 2022.
  • Confoil and BASF will collaborate in June 2022 to develop a certified compostable dual ovenable paper tray for the packaging of ready-to-eat meals.
  • BASF increases production capacity in China for industry-leading cathode active materials and achieves multi-ton scale manufacturing for manganese-rich products in June 2022.

Key Companies Profiled

  • Mitsubishi Chemicals Holdings Corporation
  • Sumitomo Chemical Co., Ltd.
  • Solvay SA
  • Saudi Basic Industries Corporation (SABIC)
  • Sino Polymer
  • UJU New Materials Co Ltd.
  • Shandong Horan
  • RTP Company

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Sulfone Polymers Industry Survey by Category

Sulfone Polymers Industry by Product Type:

  • Polysulfone Polymers
  • Polyethersulfone Polymers
  • Polyphenylsulfone Polymers

Sulfone Polymers Industry by End Use:

  • Sulfone Polymers for Automotive & Transportation
  • Sulfone Polymers for Healthcare
  • Sulfone Polymers for Electrical & Electronics
  • Sulfone Polymers for Consumer Products
  • Sulfone Polymers for Industrial Processing
  • Sulfone Polymers for Other Products

Sulfone Polymers Industry by Region:

  • Sulfone Polymers in North America Market
  • Sulfone Polymers in Latin America Market
  • Sulfone Polymers in Europe Market
  • Sulfone Polymers in East Asia Market
  • Sulfone Polymers in South Asia Market
  • Sulfone Polymers in Middle East & Africa (MEA)Market

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Global Molybdenum-99 Market Projected to Reach US$7.28 Billion by 2033 This represents a Compound Annual Growth Rate CAGR of 5.0%

molybdenum-99 (Mo-99) market
molybdenum-99 (Mo-99) market

The global molybdenum-99 market is on track for significant growth, with a projected value of US$7.28 billion by 2033 according to a recent forecast by Future Market Insights (FMI). This represents a Compound Annual Growth Rate (CAGR) of 5.0% from 2023. Mo-99 remains one of the most widely used radioisotopes in nuclear medicine diagnostic procedures.

The market growth is driven by the crucial role Mo-99 plays in visualizing the structure and function of various tissues, organs, bones, and systems within the human body. This vital information aids in early and accurate diagnosis of various medical conditions.

However, the market faces a current challenge: securing a reliable supply of Mo-99. Recent reactor shutdowns and uncertainties regarding consistent operating conditions have caused supply disruptions.

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Despite these hurdles, the market offers promising opportunities:

  • Increased Investment in Production Infrastructure: Growing investments in Mo-99 production infrastructure are anticipated to address supply concerns and ensure greater stability.

  • Economic Incentives for Market Players: Recent approvals for Mo-99 and derived products provide substantial economic incentives for market participants, encouraging further innovation and market expansion.

Focus on Quality and Regulatory Compliance: While innovation is crucial, any new processes must undergo rigorous licensing and quality control measures to ensure they meet existing standards and maintain patient safety.

Key Takeaways

● By 2033, the United States is likely to dominate the molybdenum-99 market, with a size of US$ 3,103.4 million.

● The molybdenum-99 market was significantly expanding, with a size of US$ 4.25 billion in 2022.

● There is a market opportunity of US$ 253 million in absolute terms, which is driven by the need to manage the non-communicable disease.

● The expansion in China is anticipated to expand at an adequate CAGR of 7.7% by 2033.

● By 2033, Germany is likely to expand in the molybdenum-99 market, with a size of US$ 407 million.

● By 2033, the molybdenum-99 sector is likely to increase in Canada, with a size of US$ 255 million.

The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 3.8% by 2033.

● Based on the isotope application, the gamma camera segment led the market CAGR of 3.1% by 2033.

● Based on end users, the hospitals continue to dominate the sector during the forecast period, with a CAGR of 4.9%.

Key Strategies in the Industry

The demand for molybdenum-99 is fueled by improvements in medical technology. Manufacturers are coping with an increase in the number of medical procedures and a rise in the prevalence of conditions that call for medical imaging.

Regulatory, price and resource availability policies are other factors that have an impact on the market. The molybdenum-99 market is often quite dynamic and competitive, with many competitors vying to offer high-quality goods and services at possible cheap costs.

Key players

  • IBA
  • Sumitomo Corporation
  • Advanced Cyclotron Systems, Inc.
  • Siemens Healthineers

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Recent Developments

  • The United States Nuclear Regulatory Commission (NRC) approved a new regulation in 2019 that permits manufacturers of medicinal isotopes to use reactors without NRC licenses. With the use of reactors exempt from the strict NRC regulations, this new rule is anticipated to lower the price of molybdenum-99.
  • The molybdenum-99 market saw the entry of many new providers in 2019, including Nordion, NTP Radioisotopes, and the Australian Nuclear Science and Technology Organization. It is anticipated that the entry of these new providers boosts market competitiveness and aid in price reduction.
  • Argonne National Laboratory was given a US$ 25 million contract by the US Department of Energy (DOE) in 2019 to create a brand-new technique for separating molybdenum-99 from other isotopes. This new technique is anticipated to be more economical and effective than conventional techniques.

Key Segments

By Isotopic Application:

  • SPECT
  • Gamma Camera

By End User:

  • Hospitals
  • Diagnostic Centers

By Region:

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

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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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Home Security Sensors Market: Growth Projections, Valuation, and Trends 2023-2033

The market for home security sensors is expected to grow at a remarkable 8.3% CAGR between 2023 and 2033, outpacing the 6.2% CAGR that was observed between 2018 and 2022. The market value of home security sensors increased from US$ 18081.1 million in 2023 to US$ 40116.3 million by 2033, indicating a notable increase in demand for the product.

The growing desire for convenience among consumers and the rise in crime rates are expected to fuel the growth of the home security sensor market. The alarming increase in robberies and break-ins worldwide has prompted homeowners to invest in cutting-edge home security systems. Factors such as a rise in insurance coverage, an increase in the number of people using smartphones and tablets, and increased burglary rates all have an impact on market growth.

Combining various sensor types can offer thorough defense and improve overall home security. The use of multifunctional and efficient security systems is made possible by the incorporation of IoT and wireless technologies in home security sensors. These technologies enable fast notifications, intelligent motion, heat, and sound sensing, as well as the availability of high-quality data.

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The cost of hardware, software, and services has an impact on the adoption of home security solutions. Professionally installed systems have high upfront prices and recurring expenditures, including maintenance, subscription fees, and software charges.

Key Takeaways

  • The home security sensor market in India is expected to develop at a CAGR of 12.3% by 2033, owing to rising disposable incomes and increased awareness of home security.
  • As homeowners prioritize safety and adopt advanced sensor technologies, the home security sensor market in the United Kingdom is predicted to develop at a CAGR of 9.2% by 2033.
  • China’s home security sensor market is anticipated to develop at a 7.4% CAGR by 2033, driven by increased urbanization and security concerns.
  • The market for home security sensors in Australia is predicted to expand moderately, with a CAGR of 4.2% by 2033, as smart home technologies gain more attention.
  • The market for home security solutions is expected to increase moderately in Japan, with a CAGR of 6.2% by 2033, as a result of an aging population and rising safety awareness.

Competitive Landscape

The industry is dominated by key security providers like ADT, Honeywell, and Vivint, which provide complete home security solutions that comprise a range of sensors like motion detectors, door and window sensors, and smoke detectors. To keep a competitive edge, these businesses make use of their well-known brands, wide distribution channels, and varied product lines.

In addition to providing home security sensors as a component of their smart home product lines, electronic manufacturers like Samsung, Bosch, and Sony also do so. These companies offer integrated home security systems that appeal to tech-savvy customers looking for connectivity and convenience by fusing sensor technology with other smart devices.

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Recent Developments

  • Nest has introduced a brand-new item called “Nest Protect.” A voice alert system and an integrated siren are features of the smoke and carbon monoxide detector Nest Protect.
  • The “SmartThings Hub” is a new product from Samsung. You can link several smart home appliances, such as sensors, lights, and thermostats, using the SmartThings Hub.
  • The “Honeywell Lyric Security System” is a new product from Honeywell. A wireless home security system called the Honeywell Lyric Security System has many sensors, including glass break sensors, motion sensors, and door/window sensors.

Key Segments Profiled in the Home Security Sensors Industry Survey

By Application:

  • Door and Window Sensors
  • Glass Break Sensors
  • Motion Sensors
  • Boundary Protection Sensors

By Product:

  • Magnetic Sensors
  • Vibration Sensors
  • Motion Sensors
  • Passive Infrared (PIR)
  • MicroWave (MW)
  • Dual Technology
  • Area Reflective
  • Ultrasonic
  • Photoelectric Beam Sensors

By Region:

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

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Anticipated Surge: Middle East and Africa Bio-Stimulants Market Forecasted to Grow at 7.8% CAGR by 2033

The middle east and africa bio-stimulants market is estimated to secure a valuation of US$ 84.6 million in 2023 and is projected to rise to US$ 179.2 million by 2033. The market is securing a CAGR of 7.8% during the forecast period.

How are Farmers Adopting Bio-stimulants in the Developing Countries?

The adoption of bio-stimulants by farmers in developing countries is a growing trend. Bio-stimulants are substances and microorganisms that, when applied to plants, can enhance their growth, yield, and tolerance to environmental stressors. These products are typically derived from natural sources, including microbes, plant extracts, and animal waste.

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One way farmers in developing countries adopt bio-stimulants is through government initiatives and programs promoting their use. For example, in India, the government has launched a program to promote using bio-stimulants among farmers. Under the program, farmers are provided with free bio-stimulant samples and training on their use and benefits.

Another way that farmers are adopting bio-stimulants is through private sector initiatives. Many companies are developing and marketing bio-stimulants to farmers in developing countries. These companies often work closely with farmers to educate them on bio-stimulants benefits and how to use them effectively.

In addition, farmers in developing countries are adopting bio-stimulants through peer-to-peer learning and knowledge sharing. Farmers who successfully used bio-stimulants in their fields are sharing their experiences with other farmers to increase awareness and adoption of these products.

Overall, the adoption of bio-stimulants by farmers in developing countries is driven by a combination of government support, private sector initiatives, and peer-to-peer learning. As more farmers adopt these products, there is the potential to improve agricultural productivity and sustainability in these countries.

Key Takeaways:

  • The Middle East and Africa bio-stimulants market is securing a CAGR of 7.8% with a valuation of US$ 84.6 million by 2033.
  • In the historic period, the market captured a CAGR of 6.8% between 2018 and 2022.
  • Egypt is anticipated to capture a significant share of 13.4% of the global market during the forecast period.
  • The Middle East and Africa bio-stimulants market secured a valuation of US$ 60.4 million in 2018.

Who is Winning?

The bio-stimulants market in the Middle East and Africa region is still in its early stages but rapidly growing. Several key players are making strategic moves in this market, including:

  • Agrinos: Agrinos is a global leader in biological crop inputs and has a strong presence in the Middle East and Africa. The company offers a range of bio-stimulant products designed to improve crop yields and quality.
  • Isagro: Isagro is a leading Italian company specialising in developing and marketing bio-stimulants and other crop protection products. The company has a growing presence in the Middle East and Africa and offers a range of innovative bio-stimulant solutions.
  • Koppert Biological Systems: Koppert is a Dutch company specialising in biological crop protection and natural pollination. The company has a strong presence in the Middle East and Africa and offers a range of bio-stimulant products designed to improve plant growth.
  • Novozymes: Novozymes is a global leader in developing bio-based solutions for various industries, including agriculture. The company offers a range of bio-stimulant products designed to improve crop yields and quality.

Another Key Players in the Market are:

  • Yara International
  • Novozyme A/S
  • BioAtlantis Ltd.
  • Koppert B.V.
  • Syngenta AG
  • Seipasa
  • Omex Agrifluids Ltd.
  • Valagro SpA
  • Trade Corporation International-Omnia
  • Haifa Group
  • Kelp Products International
  • Madumbi-Andermatt Group
  • Greenlife Crop Protection Africa

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Recent Developments in the Middle East and Africa Bio-stimulants Market are:

  • In December 2021, Agrinos announced the launch of two new bio-stimulant products in South Africa. The products are designed to improve crop yields and quality in various crops, including maize, wheat, and soybean.
  • In November 2021, Isagro announced that it had received approval from the Egyptian Ministry of Agriculture for its bio-stimulant product, Fertirriga. The product is designed to improve crop yields and quality in various crops, including citrus and vegetables.

The Middle East and Africa Bio-stimulants Market Market by Category

By Crop Type:

  • Row Crops
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Other Crop Types

By Active Ingredients:

  • Acid-based
  • Extract-based
  • Others

By Application:

  • Foliar
  • Soil
  • Seed

By Region:

  • Egypt
  • Morocco
  • Algeria
  • South Africa
  • Libya

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 

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T: +1-845-579-5705
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Global High-Concentration Photovoltaics Market: Soaring to $9.4 Billion by 2033

According to Future Market Insights’ market study report on high concentration photovoltaics, global sales are projected to reach US$ 3,141.9 million in 2023. The market is predicted to increase by 11.6% between 2023 and 2033, valuing it at US$ 9,443.4 million.

Since high concentration photovoltaics (HCPV) systems are more efficient and need less land than standard solar panels, they are chosen over traditional photovoltaic technology. As a result, the cost of conventional solar panels drops dramatically, which accelerates the expansion of the high concentration photovoltaics industry.

The rising environmental concerns about the impact of non-renewable sources of energy are leading consumers to shift toward using alternatives that are renewable resources of energy generation. This positively influences the market for high concentration photovoltaics.

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Businesses opt for HCVP as it reduces the area required and reduces cost as well with the rapid industrialization and less availability of properties. The government schemes and policies are friendly and in favor of the high concentration photovoltaics market in most regions.

The government is offering subsidies and incentives to meet renewable energy targets. This, when used for large-scale projects, reduces the overall setting-up costs for the system. This favorably impacts the growth in the high concentration photovoltaics market.

Key Takeaways

  • Asia Pacific is expected to come out as the dominant leading market in the global high concentration photovoltaics market during the forecast period owing to the presence of well-established plants and the advantages of low labor costs in the region. The counties in the Asia Pacific region such as India and China are expected to expand at a CAGR of 16.5% and 14.5% respectively through 2033.
  • North America is likely to sway the market dynamics in the projected period and accounted for a 25.1% share in 2022. The favorable government policies in Canada and the government funding by the countries in North America are estimated to drive market growth. The United States accounted for 19.4% of market value in 2022.
  • Europe’s market for high concentration photovoltaics is anticipated to expand and has many key opportunities present for market growth. The high demand for energy and the growing population in the region accounted for 20.2% in 2022.

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Market Competition

The prominent players in the high concentration photovoltaics market are focusing on research and developments to improve the efficiency of the HCPV technology and drive innovation in the sector. The companies are working on decreasing production costs. With HCPV technology gaining momentum in the solar energy market, the market players are more competitive than ever although, the key roadblock for manufacturers in the market happens to be profitability due to scaling issues.

Recent Developments

  • In July 2023, Fraunhofer Institute for Solar Energy Systems ISE announced that it is going to head the HybridKraft Project which aims at developing a system that ensures a cost-effective and stable electricity generation by utilizing the hybrid combination of solar thermal power plants, photovoltaics, and storage. The project was funded by the German Federal Ministry of Economics and Climate Protection.
  • In April 2023, Abengoa, an innovative technology solution for sustainability in consortium with SEPCOII started its commercial operations of phase two of the Taweelah desalination plant in Abu Dhabi. This is the large reverse osmosis desalination plant in the world and is the first successful company to integrate the production of drinking water with the generation of clean energy.

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Key Segments Profiled in the High Concentration Photovoltaics Industry

By Type of Power Generation:

  • Electric Power
  • Thermal Power

By Application:

  • Industrial, Residential, and Commercial Rooftops
  • Telecom or Mobile Towers
  • Rural Electrification
  • Water Pumping Solutions
  • Street Lighting
  • Government or Military (Mobile Off Grid)
  • Municipalities
  • Hospitals, Hotels, and Restaurants

By Region:

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

Author:

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

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

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,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Global Enteral Feeding Devices Market Expected to Reach US$ 4.1 Billion by 2033 Driven by Rising Demand

enteral feeding devices market
enteral feeding devices market

The global enteral feeding devices market is poised for significant growth, reaching an estimated US$ 4.1 billion by 2033, according to a recent report by Future Market Insights (FMI). This translates to a projected Compound Annual Growth Rate (CAGR) of 4.0% over the forecast period (2023-2033).

This growth is attributed to several factors, including:

  • Increasing Prevalence of Digestive Conditions: A key driver is the rising number of individuals diagnosed with digestive disorders. The US National Library of Medicine National Institutes of Health reports over 1 million new stomach cancer cases annually. Stomach cancer, along with conditions like irritable bowel syndrome (IBS), perianal infections, diverticulitis, and hemorrhoids, can make oral food intake difficult.

  • Enteral Feeding Devices Offer a Solution: Enteral feeding devices provide a critical solution for these patients by delivering essential nutrients directly through the stomach or small intestine, bypassing the digestive system. This ensures proper nutrition and supports overall health.

  • Growing Awareness and Acceptance: As awareness and acceptance of enteral feeding therapy increase, the demand for these devices is expected to climb steadily.

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Enteral Feeding Devices Market — Key Takeaways :

  • The global enteral feeding devices market will expand at a healthy CAGR of 6.6% through 2030 and will surge past valuation of US$ 6 Bn.
  • Among applications, oncology is expected to drive the majority of demand for the devices as consumption of food naturally becomes onerous due to chemotherapy sessions.
  • Feeding pumps are expected to remain the most sought-out product types, gaining traction among more than 6 out of the 10 healthcare providers worldwide.
  • Nasoenteric tubes are gaining prominence among healthcare institutions, owing to their efficiency in administering nutrients to patients suffering from neurological disorders, dementia, and lateral sclerosis.
  • Although hospitals remain the leading end-users, the home care settings segment is forecasted to account for a significant share in the market value.

Enteral Feeding Devices Market — Key Trends

  • COVID-19 is expected to catalyze the growth of the market as a result of the infection which comprises the patient’s ability to intake solid food, thus asserting medical professionals to administer enteral feeding.
  • With the weight of the enteral feeding devices being a major limitation, manufacturers are now focusing on developing lightweight products to transmute the restrain into opportunity.

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Enteral Feeding Devices Market — Regional Analysis

  • North America and Europe are expected to cumulatively account for nearly 70% of overall market value, with the former holding 40% of the share.
  • The dominance of these regions is attributed to favorable medical policies and the strong presence of market players.
  • Asia Pacific is forecasted to register tremendous growth on the back of rising healthcare expenditure, the presence of a large patient pool, and a burgeoning number of preterm births.

Enteral Feeding Devices Market — Competitive Landscape

Major market players operating in the market include ICU Medical, Boston Scientific Corporation, Fresenius Kabi, Abbott Laboratories, Cook Medical, Cardinal Health, Inc., Becton Dickinson & Company, and Dynarex Corporation among others. Market players are focusing on developing innovative products with low weight to increase portability.

On these lines, Infinity Feeding Pumps launched the Zevex EnteraLite Infinity Feeding Pump, which weighs less than one pound.

Key Contributors:

  • Abbott Nutrition
  • ALCOR Scientific
  • Applied Medical Technology
  • B. Braun Melsungen AG
  • Boston Scientific
  • CONMED Corporation
  • Cook Medical
  • Cardinal Health, Inc.
  • Becton, Dickinson, and Company
  • Fresenius Kabi
  • Owens & Minor, Inc. (Halyard Health)
  • Medline
  • Moog
  • Nestlé Health Science
  • Danone SA
  • Vygon SA
  • Amsino International, Inc.
  • Fuji Systems Corp
  • Neomed
  • Smiths Medical (Smiths Group)

Key Segments:

By Product Type:

  • Enteral Feeding Pumps
  • Nasogastric Tubes
  • Nasojejunal Tubes
  • Percutaneous Endoscopic Gastrostomy (PEG) Kit
    • PEG Balloon Kit
    • PEG Non-Balloon Kit
  • Replacement G-Tubes
    • Replacement Balloon G-Tubes
    • Replacement Non-Balloon G-Tubes
  • Percutaneous Endoscopic Gastro-Jejunostomy (PEGJ) Tubes
  • Low-profile Tubes
    • Low-profile Balloon Tubes
    • Low-profile Non-Balloon Tubes

By Age Group:

  • Adult
  • Pediatric

By End User:

  • Hospital
  • Clinic
  • Ambulatory Surgical Center
  • Home Care Setting

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
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T: +1-845-579-5705

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