Global Bioabsorbable Stents Market Set for Significant Growth, Expected to Reach USD 253.9 Million by 2033 expect a CAGR of 4% | FMI

Bioabsorbable Stents Market
Bioabsorbable Stents Market

The global bioabsorbable stents market is poised for substantial growth, with projections indicating a rise in market value from USD 171.8 million in 2023 to an impressive USD 253.9 million by 2033. This growth represents a steady Compound Annual Growth Rate (CAGR) of 4%, reflecting the increasing global demand for innovative cardiovascular treatment options.

Transformative Trends in Stent Development

The stent development landscape is undergoing a revolutionary transformation, fueled by advanced manufacturing techniques that are reshaping the industry. With a range of innovative modalities now at their disposal, manufacturers are well-positioned to leverage emerging opportunities in the bioabsorbable stents market. Five primary techniques are currently being utilized for stent production: etching laser cutting, electroforming, micro-electro discharge machining, and die-casting.

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One of the most noteworthy advancements in recent years is the adoption of 3D printing technology. Traditional processing methods for biodegradable stent materials have faced limitations, prompting the rise of biological 3D printing technology. This cutting-edge development is enabling the creation of more customized and precise solutions, catering to the evolving needs of the market.

Emerging Markets and Future Prospects

As the demand for advanced cardiovascular solutions escalates, emerging economies, particularly in Asia, present significant growth opportunities for the bioabsorbable stents market. Countries such as China are becoming key focal points for manufacturers seeking to capitalize on the growing need for innovative medical devices. This strategic shift towards emerging markets is expected to further drive the expansion of the bioabsorbable stents market.

The global bioabsorbable stents market is on the cusp of a transformative period, with technological innovations and emerging markets providing significant momentum for future growth. Manufacturers are encouraged to adapt to these transformative trends and capitalize on the numerous opportunities arising in this promising sector. As the market continues to evolve, bioabsorbable stents are expected to play a crucial role in addressing the growing demand for effective and sustainable cardiovascular treatments worldwide.

Market players can expand their share in China for bioabsorbable stents, due to significant opportunities present in this market. However, they must take into account the preference for value products as the government is forcing a decrease in the overall product prices. Additionally, they must look out for the long-term viability of the product,” says an FMI analyst.

Key Takeaways from the Bioabsorbable Stents Market Report:

  • In 2022, the global bioabsorbable stents market size stood at USD 167.7 million.
  • North America is a notable market for bioabsorbable stents, accounting for about 48.5% in 2023. The United States occupied 44.4% market share in 2022.
  • The Europe market for bioabsorbable stents gathered a market share of 27.6% in 2022. The German market, a core market in the region, procured a value share of 9.9% in 2022.
  • The United Kingdom market is predicted to expand at a CAGR of 5.7% through 2033.
  • Within Asia Pacific, China and India are predicted to register CAGRs of 6.6% and 4.6% through 2033.
  • Based on product type, the coronary artery stents segment is expected to acquire a value share of around 76.2% in 2023.
  • On the basis of material type, the polymers segment is anticipated to obtain a market share of about 59.3% in 2023.

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Recent Developments Detected in the Bioabsorbable Stents Market:

  • In September 2020, Abbott Laboratories commenced the launch of the LIFE-BTK clinical trial to assess the Espirit below-the-knee drug-eluting resorbable scaffold. The firm reported that this is its first trial in the United States to examine an entirely resorbable device to cure blocked arteries critical limb ischemia (CLI) and below the knees in patients suffering from severe stages of peripheral artery disease (PAD).
  • In April 2020, Boston Scientific announced the launch of Synergy Megatron, which is a bioabsorbable polymer coronary stent system. The device boasts of invigorated strength and capacity to accommodate reduced vessels. This medical device has made its debut in Europe.
  • In August 2022, PGIMER executed the first-ever robotically-assisted biodegradable stent implantation. These newer bioresorbable stents with thinner struts, which have been developed in India, dissolve in the body post three years, leaving the natural artery as it is.

Key Players in the Market:

  • Boston Scientific Corporation
  • Meril Life Sciences Pvt. Ltd.
  • Medtronic Plc
  • Smith & Nephew Plc
  • Stryker Corporation
  • Wright Medical Group
  • KLS Martin
  • BIOTRONIK Ltd
  • Syntellix AG
  • Q3 Medical Devices Limited.
  • JW Medical Systems LTD
  • ORBUSNEICH MEDICAL
  • Abbott Vascular

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Key Market Segments Covered in Bioabsorbable Stents Market Report:

By Stents:

  • Coronary Artery Stents
  • Peripheral Artery Stents
  • Non-vascular Stents
    • Esophageal Stents
    • Billary Stents

By Material:

  • Metallic
  • Ceramic
  • Polymers
    • PGA
    • PLA
    • Co-Polymer

By Application:

  • Cardiovascular
  • Orthopedics
  • Cosmetic Surgery
  • General Surgery
  • Cranial
  • Others

By End User:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

By Region:

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

About Future Market Insights (FMI)

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

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Global Dermal Fillers and Botulinum Toxin Market Poised for Significant Growth, Projected to Reach USD 9,002.9 Million by 2034 expand to 3.2% CAGR | FMI

Dermal Fillers and Botulinum Toxin Market
Dermal Fillers and Botulinum Toxin Market

The global dermal fillers and botulinum toxin market is on the verge of a remarkable expansion, with projections indicating a surge to USD 9,002.9 million by 2034. This represents a substantial increase from its current valuation of USD 6,570.2 million in 2024, translating into a compound annual growth rate (CAGR) of 3.2%.

Several key factors are propelling this growth, with a spotlight on research and development initiatives exploring new therapeutic uses for botulinum toxin. Initially recognized for its aesthetic benefits, botulinum toxin is now gaining traction in a variety of medical applications, presenting new avenues for market expansion. This shift is not only expanding the scope of the industry but also broadening the potential for therapeutic interventions.

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Demographic trends are further fueling this upward trajectory, particularly in developed countries, where individuals aged 30 to 40 are increasingly seeking out dermal fillers and botulinum toxin treatments to restore facial volume, reduce wrinkles, and achieve a rejuvenated appearance. This demographic shift reflects the growing societal emphasis on aesthetic enhancements and a shift toward proactive skincare.

In addition, the influence of social media cannot be overstated. As beauty standards evolve and the conversation around age-related skin concerns intensifies, more consumers are turning to dermal fillers and botulinum toxins to maintain a youthful appearance. Social media platforms have not only influenced beauty trends but also empowered individuals to make informed decisions about cosmetic treatments, resulting in increased demand for injectable therapies.

Moreover, the market’s applications are expanding beyond purely cosmetic treatments, incorporating medical procedures such as cleft lip repair and neck volume restoration. This evolution is driven by the rising preference for non-invasive, minimally disruptive procedures, prompting manufacturers to diversify their offerings to meet the shifting needs of global markets.

As the dermal fillers and botulinum toxin market continues to evolve, industry stakeholders can look forward to a future of exciting innovations that reflect both consumer demand and medical advancements. The growing acceptance and adoption of these treatments indicate a market brimming with opportunity, paving the way for continued growth in the aesthetics and medical fields.

This expanding market signals a promising future for the dermal filler and botulinum toxin industry, presenting an ideal landscape for businesses, investors, and researchers seeking to capitalize on a sector that continues to evolve and thrive.

Key Takeaways:

  • The market for dermal fillers and botulinum toxins is projected to grow at a CAGR of 3.2%, reaching USD 9,002.9 million by 2034.
  • In 2023, botulinum toxin is anticipated to hold a market share of 58.4%, while the aesthetic volume restoration segment is expected to account for 61.3% of the market.
  • Regional growth is notable, with Australia and New Zealand expected to grow at a CAGR of 2.3%, France at 2.2%, and the United States at 1.5% by 2034.

“Growing demand for minimally invasive procedures is anticipated to drive the growth of the global dermal fillers and botulinum toxin market,” says an FMI Analyst.

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Market Competitor Analysis and Strategies:

The global dermal fillers and botulinum toxin market is highly fragmented. Major players are focusing on brand differentiation and market expansion through mergers and acquisitions, technological innovations, and new product releases. Recent developments include Galderma’s January 2024 clearance from Health Canada for Restylane® SHAYPE™, and Merz Therapeutics’ June 2023 opening of a new affiliate in Stockholm.

Leading Brands:

  • Allergan plc
  • Galderma SA
  • Merz Pharma GmbH & Co. KGaA
  • Anika Therapeutics, Inc.
  • Suneva Medical, Inc.
  • Speciality European Pharma
  • HUGEL, Inc.
  • Grex Pharma SaS
  • Daewoong Pharmaceuticals
  • Medy-Tox Inc.
  • TEOXANE Laboratories

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Key Segments of the Report:

By Product:

The dermal fillers and botulinum toxin market is classified into hyaluronic acid based dermal fillers, non-hyaluronic acid based dermal fillers and botulinum toxin.

By Application:

The dermal fillers and botulinum toxin market is classified into aesthetic volume restoration and wrinkle reduction.

By Region:

Analysis of the dermal fillers and botulinum toxin market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe 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 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 Diabetic Macular Edema Market Projected to Reach USD 4,642.9 Million by 2034, Driven by Rising Incidence of Diabetes | FMI

Diabetic Macular Edema Market
Diabetic Macular Edema Market

The global diabetic macular edema market is on a steady growth trajectory, with an expected valuation of approximately USD 4,120.9 million in 2024. The market is poised to surpass USD 4,642.9 million by 2034, representing a modest compound annual growth rate (CAGR) of 1.2%. This growth underscores the increasing medical need as the global prevalence of diabetes continues to rise, largely driven by longer life expectancy and the increasing incidence of obesity.

As the global diabetic population expands, particularly in aging demographics, the incidence of diabetic macular edema is expected to grow significantly. DME is frequently a comorbid condition in diabetic patients, making its impact particularly pronounced in regions with older populations. This shift presents both a challenge and an opportunity for the healthcare sector to address the increasing demand for effective treatments.

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Despite the market’s steady growth, the diabetic macular edema landscape remains fragmented compared to other disease drug markets. This presents unique opportunities for innovation and expansion. Companies and stakeholders in the sector are encouraged to focus on addressing the unmet needs of DME patients, with an emphasis on developing novel therapies and advancing care options.

FMI is committed to advancing solutions that will improve the quality of life for those affected by diabetic macular edema. As we navigate the challenges presented by this chronic condition, we remain dedicated to ensuring that healthcare providers are equipped with effective treatment options to meet the evolving demands of this growing patient population.

Key Takeaways from the Market Study:

  • The United Kingdom anticipates moderate momentum in the diabetic macular edema sector, with a CAGR of 1.1% from 2024 to 2034.
  • Germany is expected to experience tempered growth in the diabetic macular edema market, with a projected CAGR of 3.2% from 2024 to 2034.
  • Intravitreal injections account for a leading share of 94.8% in the form segment in 2024.
  • India foresees sluggish rise in the diabetic macular edema industry, with a CAGR of 1.4% from 2024 to 2034.
  • China is poised to witness stable expansion in the diabetic macular edema sector, with a projected CAGR of 4.3% from 2024 to 2034.
  • Anti-VEGF drugs hold a dominant share of 95.5% in the drug type segment in 2024.

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Competition Outlook of the Diabetic Macular Edema Market:  

The diabetic macular edema market presents a robust competition and ongoing advancements in treatment modalities. With an increasing prevalence of diabetes worldwide, the demand for effective DME therapies continues to rise, fostering a competitive environment among pharmaceutical companies and biotech firms.

Key players in the diabetic macular edema market are actively engaged in research and development endeavors to introduce innovative drugs and therapies, aiming to address the unmet medical needs of patients. The market witnesses intense competition in the development of anti-VEGF drugs, corticosteroid therapies, and other off-label drugs targeting DME. Additionally, advancements in drug delivery systems such as intravitreal injections and implants further intensify competition, as companies strive to enhance treatment efficacy and patient compliance.

Strategic collaborations and partnerships between pharmaceutical companies, research institutions, and healthcare organizations are shaping the market. These collaborations facilitate the exchange of scientific knowledge, clinical data, and resources, accelerating the development and commercialization of novel diabetic macular edema treatments. As the DME market continues to evolve, stakeholders must remain vigilant in navigating regulatory challenges, market dynamics, and emerging therapeutic trends to maintain a competitive edge and meet the evolving needs of patients.

Recent Developments:

  • Novartis AG, headquartered in Switzerland, advances diabetic macular edema (DME) therapy as the FDA and EMA approve applications for BEOVU (brolucizumab-dbll), following favorable Phase III KESTREL trial findings.
  • Bayer AG, located in Germany, has received FDA clearance for Eylea, an aflibercept solution for diabetic macular edema therapy, expanding its portfolio for ocular health.
  • Allergan Plc., located in Ireland, has partnered with the International Diabetes Federation to develop a global strategy for DME screening, diagnosis, and therapy.
  • Hoffmann-La Roche Ltd., located in Switzerland, has received FDA clearance for Vabysmo (faricimab-svoa) in DME therapy, citing good results from phase III trials on Vabysmo for retinal vein occlusion.

Leading Companies in the Diabetic Macular Edema Industry:

  • Novartis AG
  • Bayer AG
  • Allergan Plc.
  • F. Hoffmann-La Roche Ltd.
  • Alimera Sciences Inc.
  • Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Inc.)
  • KalVista Pharmaceuticals
  • Genentech
  • Oxurion (fka ThromboGenics)
  • Ocugen, Inc
  • Regeneron Pharmaceuticals, Inc.
  • Clearside Biomedical
  • Daiichi Sankyo
  • Arctic Vision
  • Chugai Pharmaceutical Co., Ltd.

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Key Segments of Market Report:

By Drug Type:

Segmentation by drug includes anti-VEGF medications such as Ranibizumab (Lucentis) and Aflibercept (Eylea), as well as corticosteroid therapies like Dexamethasone (Ozurdex) and Fluocinolone Acetonide (Iluvien), alongside other off-label drugs.

By Form:

Classification by form distinguishes between intravitreal injections and intravitreal implants.

By Distribution Channel:

Regarding distribution channels, patients may access treatments through hospitals, specialty clinics, or mail order pharmacies.

By Region:

Geographical segmentation spans across regions including North America, Latin America, Europe, South Asia, East Asia, Oceania, and the 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 Farm Animal Drug Market Poised for Strong Growth, Projected to Reach USD 33,211.3 Million by 2034 a moderate CAGR of 5.5%

Farm Animal Drug Market
Farm Animal Drug Market

The global farm animal drug market is experiencing significant growth and is projected to reach a market value of USD 19,442.9 million by the end of 2024. Recent forecasts indicate the market will continue its expansion at a steady Compound Annual Growth Rate (CAGR) of 5.5% from 2024 to 2034, with a projected market valuation of USD 33,211.3 million by 2034.

Key Industry Developments:

While the market is on a growth trajectory, it faces mounting concerns regarding side effects from farm animal drugs. These concerns have prompted industry-wide reflection and action. In particular, farmers in underdeveloped regions remain largely unaware of prevalent diseases in livestock, often resorting to home remedies rather than regulated treatments. This practice, coupled with the growing fears surrounding antibiotic resistance, is hindering the industry’s ability to fully capitalize on its growth potential.

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Innovations Leading the Charge

To address these health concerns, the industry is seeing notable innovations in farm animal drugs. Technological advancements, including the introduction of monoclonal antibodies, stem cell therapies, and digital technologies, are opening new avenues for treatment. Additionally, there has been a surge in the production of anti-infective drugs, a direct response to the rising threat of antimicrobial resistance (AMR). These innovations are crucial in ensuring farm animal health and productivity while mitigating the risks posed by AMR.

The Growing Threat of Antimicrobial Resistance (AMR)

The industry is increasingly concerned about the implications of antimicrobial resistance, which has the potential to severely impact farm animal health. Infections caused by AMR can lead to prolonged hospital stays, reduced surgical protections, and increased treatment costs. These complications threaten not only the health of farm animals but also the profitability and sustainability of the agricultural sector.

As the global farm animal drug market evolves, it is critical that stakeholders address these challenges head-on. There is a pressing need for increased awareness of AMR, along with continued investment in innovative solutions and regulatory frameworks that prioritize both animal health and sustainable practices.

The future of the farm animal drug market depends on balancing the need for pharmaceutical advancements with responsible health practices. With the right combination of innovation, education, and regulation, the industry can overcome current challenges and continue to thrive in the years to come.

Key Takeaways from the Farm Animal Drug Market:

  • The farm animal drug market is expected to register a CAGR of 5.5%, reaching a valuation of US$ 33,211.3 million by 2034.
  • The anti-infective segment is anticipated to dominate the market, holding a market share of 37.7% in 2024.
  • The market in the United States is estimated to surge at a CAGR of 5.7% through 2034.
  • The market in Germany is estimated to rise at a CAGR of 4.6% during the forecast period.
  • The market in the United Kingdom is predicted to develop at a CAGR of 5.3% between 2024 and 2034.

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Competitive Landscape:

The farm animal drug market is dynamic and diverse, with established players competing for maximum market share by introducing advanced product lines. Manufacturers have gained consumer trust in recent years by conducting surveys and campaigns in villages to understand farmers’ concerns regarding animal drugs.

Recent Development:

In 2024, the major breakthrough was achieved by the Indian Council of Agricultural Research (ICAR) in the fight against the Lumpy Skin Disease (LSD) virus, which has caused significant damage to the country’s livestock. The council plans to launch a commercially viable vaccine, which has been indigenously developed to tackle the deadly virus. The livestock industry is set to benefit significantly from this vaccine, as it is expected to reduce animal mortality rates and bring down the incidence of LSD infection.

Leading Farm Animal Drug Brands:

  • Bayer AG
  • Boehringer Ingelheim GmbH
  • Zoetis, Inc.
  • Ceva Santé Animale
  • Dechra Pharmaceuticals PLC
  • Elanco Animal Health (Sub. Eli Lilly)
  • Merck Animal Health
  • Virbac SA
  • Vetoquinol SA
  • Intas Animal Health
  • Alembic Animal Health
  • Sequent Scientific
  • Hester Biosciences
  • Ashish Life Sciences
  • Ouro Fino Saude Animal (Ourofino)
  • Zydus Animal Health (Sub. Cadila Healthcare Ltd)
  • Phibro Animal Health Corporation
  • Nippon Zenyaku Kogyo Co., Ltd
  • Norbrook
  • Kyoritsu Seiyaku Corporation

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Key Segments of Market Report:

By Product:

Depending on the product type, the sector is categorized into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones, and related products. Moreover, parasiticides are further divided into endo-parasiticides, ecto-parasiticides, and endectocides.

By Animal Type:

The animal type segment is bifurcated into livestock animals and equine. Livestock animals include ruminants, swine, and poultry.

By Route of Administration:

Route of administration of farm animal drugs include oral, parenteral, topical, and others.

By Distribution Channel:

Farm animal drugs are distributed through veterinary hospitals, veterinary clinics, pharmacies drug stores, and other channels.

By Region:

Regional analysis of the industry is conducted in North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

About Future Market Insights (FMI)

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

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Global Oral Controlled Release Drug Delivery Technology Market is anticipated to reach USD 84.2 Billion by 2035

Oral Controlled Release Drug Delivery Technology Market
Oral Controlled Release Drug Delivery Technology Market

The global market for oral controlled release drug delivery technology is poised for significant growth, with sales expected to double from USD 42.1 billion in 2025 to USD 84.2 billion by 2035. According to market projections, the industry will expand at a compound annual growth rate (CAGR) of 7.2% over the forecast period (2025–2035).

The sector has already demonstrated robust performance, generating USD 39.1 billion in revenue in 2024. The rising demand for advanced drug delivery mechanisms that enhance patient compliance, improve therapeutic outcomes, and extend drug efficacy is driving this expansion.

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Key Growth Drivers:

  • Increasing prevalence of chronic diseases requiring long-term medication.
  • Rising focus on patient-centric drug formulations to improve adherence.
  • Technological advancements in polymer-based drug release systems.
  • Expanding pharmaceutical R&D investments in novel drug delivery solutions.

The oral controlled release drug delivery technology market continues to evolve, offering pharmaceutical companies opportunities to develop innovative formulations that optimize drug absorption and release. As healthcare shifts towards precision medicine and enhanced drug bioavailability, industry stakeholders are investing heavily in research to redefine the future of oral drug delivery.

Key Takeaways: Global Oral Controlled Release Drug Delivery Technology Market

  • The global sales of oral controlled release drug delivery technology are projected to grow from USD 42.1 billion in 2025 to USD 84.2 billion by 2035, reflecting a CAGR of 7.2% during the forecast period.
  • The market generated USD 39.1 billion in 2024, indicating steady growth.
  • Regional Insights:
    • United States Expected to grow at a 2.9% CAGR (2025-2035).
    • Germany Forecasted to exhibit a 3.9% CAGR.
    • France Projected 3.5% CAGR.
    • Spain Anticipated expanding at a 4.1% CAGR.
    • China Expected to experience a 5.1% CAGR.
    • India Poised for 5.5% CAGR, the highest among major markets.
    • Australia & New Zealand Forecasted 4.8% CAGR.
    • South Korea Projected to grow at a 5.0% CAGR.

The market is set for robust expansion, with Asia-Pacific emerging as a key growth driver due to the higher projected CAGR in China, India, and South Korea.

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Competitive Landscape

Market players are implementing strategic initiatives to maintain a competitive edge, including product differentiation through innovative formulations and strategic partnerships with healthcare providers for optimized distribution. Additionally, companies are actively seeking collaborations to strengthen their product portfolios and expand their global market presence.

Recent Developments in the Oral Controlled Release Drug Delivery Technology Market

  • November 2023: Merck (MSD outside the U.S. and Canada) announced a definitive agreement to acquire Caraway Therapeutics for a potential total consideration of up to USD 610 million.
  • June 2023: Bristol-Myers Squibb invested in nanoparticle-based drug delivery systems to enhance solubility and controlled release, improving the efficacy of its therapeutic agents through advanced formulations.

Key Players of Oral Controlled Release Drug Delivery Technology Market

  • AstraZeneca Plc.
  • Bristol-Myers Squibb Company
  • Merck & Co. Inc.
  • Novartis AG
  • Pfizer Inc.
  • F. Hoffman-La-Roche Ltd.
  • GlaxoSmithKline Plc.
  • Sun Pharmaceuticals
  • BioNTech
  • Gilead Sciences

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Oral Controlled Release Drug Delivery Technology Industry Analysis, By Key Segments

By Drug Release System:

In terms of drug release system, the industry is divided into- dissolution controlled release system, diffusion controlled release system, osmotically controlled release system, dissolution and diffusion controlled release system, ion exchange resins controlled release system, hydro-dynamically balanced drug delivery system and others.

By Dosage Form:

In terms of dosage form, the industry is segregated into- solid dosage forms and semisolid/liquid/suspensions

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia and Middle East and Africa (MEA) have been covered in the report.

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 MRI-Compatible IV Infusion Pump Systems Market Poised for Robust Growth, Projected to Reach USD 763.9 Million by 2035

MRI-Compatible IV Infusion Pump Systems Market
MRI-Compatible IV Infusion Pump Systems Market

The global market for MRI-compatible IV infusion pump systems is set for significant expansion, driven by advancements in medical imaging and increasing demand for safe and efficient intravenous therapy solutions. According to recent market projections, global sales are expected to be valued at USD 308.2 million in 2025 and are anticipated to soar to USD 763.9 million by 2035, reflecting a compound annual growth rate (CAGR) of 9.5% over the forecast period.

The industry has already witnessed notable growth, with revenues reaching USD 281.5 million in 2024. This upward trajectory is fueled by the rising prevalence of chronic diseases, increasing MRI procedures worldwide, and the growing need for infusion pumps that ensure uninterrupted medication delivery during imaging scans.

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MRI-compatible IV infusion pump systems are essential for delivering medications, fluids, and anesthesia to critically ill patients undergoing MRI procedures. These devices eliminate the risks associated with conventional infusion pumps that may interfere with magnetic resonance imaging, thereby enhancing patient safety and treatment accuracy.

As healthcare facilities continue to prioritize patient safety and operational efficiency, the demand for advanced MRI-compatible infusion pump systems is expected to accelerate. The integration of wireless connectivity, AI-driven monitoring, and enhanced battery technology is further contributing to market expansion.

With innovations and regulatory advancements shaping the industry landscape, key market players are focusing on expanding their product portfolios and investing in R&D to meet evolving clinical needs. As a result, the MRI-compatible IV infusion pump systems market is positioned for substantial growth in the coming decade.

Key Drivers:

  • Rising Prevalence of Chronic Diseases: The increasing incidence of conditions such as cancer necessitates frequent imaging and continuous medication delivery during MRI procedures, boosting demand for compatible infusion systems.
  • Technological Advancements: Innovations in MRI-compatible infusion pump technology enhance safety and efficiency, making them more appealing to healthcare providers.

Key Takeaways: MRI-Compatible IV Infusion Pump Systems Market

  • Global sales of MRI-compatible IV infusion pump systems are projected to grow from USD 308.2 million in 2025 to USD 763.9 million by 2035, reflecting a CAGR of 9.5% during the forecast period.
  • The market was valued at USD 281.5 million in 2024, indicating steady growth.
  • United States Expected to grow at a 3.3% CAGR (2025-2035).
  • Germany Anticipated expanding at a 4.2% CAGR (2025-2035).
  • France Forecasted to register a 3.5% CAGR (2025-2035).
  • Spain set to exhibit a 4.1% CAGR (2025-2035).
  • China Poised for significant growth with a 6.2% CAGR (2025-2035).
  • India Expected to lead with the highest 7.4% CAGR (2025-2035).
  • Australia & New Zealand Forecasted to grow at a 5.6% CAGR (2025-2035).
  • South Korea Estimated to expand at a 5.0% CAGR (2025-2035).

This highlights strong growth potential for MRI-compatible IV infusion pump systems, particularly in emerging markets like China and India, while established markets such as the United States and Germany continue steady expansion.

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Competitive Landscape

Market players are employing various strategies to maintain a competitive edge, including product differentiation through innovative formulations and strategic partnerships with healthcare providers for enhanced distribution. Additionally, companies are actively seeking collaborations to strengthen their product portfolios and expand their global market reach.

Recent Industry Developments in the MRI-Compatible IV Infusion Pump Systems Market

  • In December 2024, IRADIMED CORPORATION secured the 24th spot on Forbes’ list of America’s Most Successful Small-Cap Companies 2025. As a leader in MRI-compatible medical devices, Iradimed remains the only provider of a non-magnetic IV infusion pump system and non-magnetic patient vital signs monitoring systems designed for safe use during MRI procedures.

MRI-Compatible IV Infusion Pump Systems Industry Analysis, By Key Players

  • Becton, Dickinson Company (Carefusion)
  • Baxter International Inc.
  • B.Braun Melsungen AG
  • iRadimed Corporation
  • Fresenius Kabi AG
  • Smiths Medical (Smiths Group plc.)
  • Arcomed AG

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MRI-Compatible IV Infusion Pump Systems Industry Outlook, By Key Segments

By Product Type:

In terms of product type, the industry is divided into- non-magnetic MRI-compatible IV infusion pumps and magnetic-resistant MRI-compatible IV infusion pumps.

By Application:

In terms of application, the industry is segregated into- neurological disorders, oncology, cardiovascular disorders, orthopedic applications and others.

By End User:

In terms of end user, the industry is segregated into- hospitals, diagnostic imaging centers, ambulatory surgical centers (ASCs) and specialty clinics.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia and Middle East and Africa (MEA) have been covered in the report.

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:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Global Oral Solid Dosage Pharmaceutical Formulation Market Set to Reach USD 8,95,636.0 Million by 2034 Amid Advancements in Drug Discovery | FMI

Oral Solid Dosage Pharmaceutical Formulation Market
Oral Solid Dosage Pharmaceutical Formulation Market

The global oral solid dosage pharmaceutical formulation market is on a trajectory of significant expansion, projected to grow from USD 6,29,582.6 million in 2024 to USD 8,95,636.0 million by 2034. This represents a steady CAGR of 3.7% over the next decade, driven by advancements in drug discovery and a robust pipeline of innovative medications.

The increasing prevalence of chronic diseases, growing demand for patient-friendly dosage forms, and continuous technological improvements in formulation development are key factors propelling market growth. Additionally, rising healthcare expenditures and regulatory support for novel drug formulations further contribute to the sector’s expansion.

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Pharmaceutical companies are actively investing in modified-release tablets, orally disintegrating tablets (ODTs), and combination therapies, enhancing patient compliance and treatment efficacy. As R&D efforts accelerate, the next generation of oral solid dosage forms is expected to revolutionize drug delivery, offering improved bioavailability and therapeutic outcomes.

With a promising decade ahead, stakeholders in the pharmaceutical industry are gearing up for strategic collaborations and technological advancements to maximize market potential and address evolving healthcare needs.

Key Takeaways: 

  • In the drug release mechanism category, the immediate release segment to acquire a market share of 43.3% in 2024.
  • The tablets segment in the dosage form category to grab a share of 48.9% in 2024.
  • China oral solid dosage pharmaceutical formulation sales are expected to surge at a CAGR of 7.2% through 2034.
  • From 2024 to 2034, the South Korea oral solid dosage pharmaceutical formulation industry is projected to strengthen at a 6.8% CAGR.
  • France’s sales of oral solid dosage pharmaceutical formulations anticipate flourishing at a CAGR of 4.6% between 2024 and 2034.
  • The Italy oral solid dosage pharmaceutical formulation market is estimated to rise at a CAGR of 3.8% until 2034.
  • Between 2024 and 2034, the Japan oral solid dosage pharmaceutical formulation industry is projected to evolve at a CAGR of 3.3%.
  • The Canada oral solid dosage pharmaceutical formulation market is forecast to rise at a CAGR of 2.8% until 2034.
  • The Spain oral solid dosage pharmaceutical formulation industry is expected to evolve at a CAGR of 2.7% between 2024 and 2034.
  • The United Kingdom sales of oral solid dosage pharmaceutical formulations is projected to experience expansion at a CAGR of 2.1% through 2034.
  • Through 2034, the United States oral solid dosage pharmaceutical formulation market is expected to expand at a CAGR of 1.7%.
  • The Germany oral solid dosage pharmaceutical formulation industry is projected to exhibit a CAGR of 1.6% between 2024 and 2034.

“The oral solid dosage pharmaceutical formulation market is evolving rapidly due to the rising demand for accurate and convenient drug delivery methods,” says an analyst from Future Market Insights (FMI). “The outlook remains optimistic, supported by increasing patient compliance, advancements in pharmaceutical technology, and a growing global market.”

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Competitive Landscape:

The oral solid dosage pharmaceutical formulation manufacturers are purchasing a range of strategic initiatives to improve their market position and expand their service offerings internationally. The oral solid dosage pharmaceutical formulation vendors frequently use acquisitions, partnerships, expansion, cooperation, and service launches to boost market presence and revenue and obtain a competitive edge.

Novel Developments:

  • A formal merger agreement between Turning Point Therapeutics and Bristol Myers Squibb was announced in June 2022. The acquisition of Turning Point Therapeutics expanded BMS’s oncology drug portfolio, as the latter is a precision oncology company in the clinical stages.
  • AstraZeneca released The Evusheld long-acting antibody combination to the public in March 2022. It had been approved in Europe for the large-scale pre-exposure prophylaxis (prevention) of COVID-19.

Key Companies Profiled:

  • AstraZeneca Plc.
  • Bristol-Myers Squibb Company
  • Eli Lilly and Company
  • Gilead Sciences
  • Merck and Co. Inc
  • Novartis AG
  • Pfizer Inc.
  • AbbVie Inc.
  • Boehringer Ingelheim GmbH
  • F. Hoffman-La-Roche Ltd.
  • Johnson and Johnson
  • Biogen Inc.
  • Bayer AG
  • Teva Pharmaceuticals
  • Amgen Inc.
  • Takeda Pharmaceutical Company Ltd.
  • Otsuka Pharmaceutical Co., Ltd.
  • Shire Plc.
  • Celgene Corporation
  • Astellas Pharma Inc.

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Key Segments:

By Dosage Form:

  • Tablets
    • Conventional/Immediate Release
    • Modified Release
    • Chewable Tablets
    • Effervescent Tablets
  • Capsules
    • Hard Gelatin Capsules
    • Soft Gelatin Capsules
    • Others
  • Powders and Granules
  • Lozenges and Pastilles
  • Gummies

By Drug Release Mechanism:

  • Immediate Release
  • Delayed Release
  • Controlled Release

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies
  • Hypermarkets/Supermarkets

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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1win IN: Android app app official download

1Win India – Online Betting and Casino | 1Win App

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Automated Breast Ultrasound Systems Market to Reach USD 7.23 Billion by 2033 at a 14% of CAGR, Driven by Rising Breast Cancer Screening Demand

Automated Breast Ultrasound Systems Market
Automated Breast Ultrasound Systems Market

The global automated breast ultrasound systems (ABUS) market, valued at USD 1.95 billion in 2023, is set to witness remarkable growth, reaching USD 7.23 billion by 2033 at a CAGR of 14%. This expansion is fueled by the rising prevalence of breast cancer, increasing awareness of early detection, and advancements in ultrasound imaging technology.

ABUS technology is revolutionizing breast cancer screening by offering enhanced imaging for dense breast tissues, where traditional mammography may fall short. The growing demand for non-invasive, radiation-free diagnostic methods has accelerated the adoption of these automated systems in hospitals, diagnostic centers, and specialty clinics.

Government initiatives promoting breast cancer awareness and early detection programs, particularly in developed nations, are further boosting market growth. Additionally, technological innovations in artificial intelligence-assisted ultrasound interpretation are enhancing diagnostic accuracy and efficiency, making ABUS a preferred choice for radiologists and healthcare providers.

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Key Takeaways:

  • Market Growth: The ABUS market is projected to grow at a CAGR of 14%, reaching USD 7.23 billion by 2033.
  • Increased Demand: Rising cases of breast cancer and the need for early detection are key market drivers.
  • Technological Advancements: AI-powered imaging solutions and automated diagnostics are revolutionizing breast cancer screening.
  • Government Support: Awareness campaigns and funding for early cancer detection programs are fueling adoption worldwide.

Market Overview

  • Current Valuation: The market is valued at USD 1.95 billion in 2023 and is expected to grow significantly, reaching USD 7.23 billion by 2033.
  • Technological Advances: The market is driven by advancements in ultrasound technology, which allow for better imaging capabilities and more accurate detection of breast lesions.

Key Drivers of Growth

  1. Rising Incidence of Breast Cancer:
    • The increasing prevalence of breast cancer globally is a major factor driving demand for automated breast ultrasound systems. Early detection through advanced imaging techniques is crucial for improving patient outcomes.
  2. Demand for Accurate Diagnostic Tools:
    • There is a growing need for reliable and accurate diagnostic tools, particularly for women with dense breast tissue where traditional mammography may be less effective. Automated breast ultrasound systems provide enhanced imaging that can detect abnormalities more effectively.
  3. Technological Innovations:
    • Continuous improvements in automated breast ultrasound technology, including enhanced imaging capabilities and integration with artificial intelligence, are making these systems more appealing to healthcare providers.
  4. Increased Awareness and Screening Initiatives:
    • Rising awareness about breast cancer screening and the importance of early detection is encouraging more women to seek comprehensive screening solutions, thereby boosting market demand.
  5. Government and Organizational Support:
    • Initiatives from governments and health organizations aimed at promoting breast cancer awareness and screening programs are expected to further drive the adoption of automated breast ultrasound systems.
  6. Shift Towards Non-Invasive Procedures:
    • Automated breast ultrasound systems offer a non-invasive alternative to traditional diagnostic methods, reducing patient discomfort and improving the overall screening experience.

Market Trends

  • The market is witnessing a trend towards the use of automated systems in both hospital settings and outpatient facilities, as they can improve workflow efficiency and patient throughput.
  • There is an increasing focus on streamlining imaging workflows to enhance the speed and accuracy of diagnoses.

Key Companies Profiled

GE Healthcare; Hitachi Ltd; SonoCine Inc; Philips Healthcare; Siemens Healthineers; Supersonic Imagine; Toshiba Corporation; QT Ultrasound LLC; Adaltis S.r.l.; Volpara Health Technologies; Delphinus Medical Technologies, Inc; General Electric Company; Hologic, Inc; Telemed Systems, Inc

Automated Breast Ultrasound Systems Market by Category

By End User:

  • Hospitals
  • Diagnostic Imaging Laboratories

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automated CPR Device Market to Reach USD 255.7 Million by 2034 at a 5.4% of CAGR, Driven by Rising Cardiovascular Cases and Technological Advancements

Automated CPR Device
Automated CPR Device

The global automated CPR device market, valued at USD 150.6 million in 2024, is expected to grow at a CAGR of 5.4%, reaching USD 255.7 million by 2034. This growth is largely driven by the rising prevalence of cardiovascular diseases (CVD), which accounted for 19.8 million global deaths in 2020. With lifestyle changes and dietary habits contributing to an increase in heart attacks, the demand for effective emergency resuscitation solutions is escalating.

Automated CPR devices offer significant advantages over manual CPR, making them a preferred choice in emergency medical services (EMS) and hospitals. Unlike manual techniques, mechanical CPR ensures consistent compression depth and duration, improving survival rates during sudden cardiac arrests. Additionally, these devices are less physically demanding and can be used by any trained healthcare professional, increasing accessibility and effectiveness in critical situations.

Key industry trends include increased government investments in emergency medical infrastructure and growing awareness about the benefits of automation in life-saving procedures. Technological advancements continue to enhance mechanical CPR solutions, expanding their use beyond hospitals to public spaces, homes, and even airplanes—especially in developed regions. As the adoption of automated resuscitation methods grows, the market is poised for steady expansion.

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Key Takeaways:

  • The automated CPR device market is set to grow at a CAGR of 5.4%, reaching USD 255.7 million by 2034.
  • The rising prevalence of cardiovascular diseases is fueling demand for mechanical CPR solutions.
  • Automated CPR devices provide improved efficiency and long-duration compressions, increasing survival rates.
  • Government investments and technological advancements are driving market expansion in EMS and non-hospital settings.

Market Overview

  • Current Valuation: The market is projected to grow from USD 150.6 million in 2024 to USD 255.7 million by 2034.
  • Rising Cardiovascular Disease Incidence: The incidence of cardiovascular diseases (CVD) has been increasing, with global deaths due to CVD rising from 28.9% in 1990 to 36.3% in 2020, resulting in approximately 19.8 million deaths attributed to these conditions in 2020.

Key Drivers of Growth

  1. Increasing Prevalence of Cardiovascular Diseases:
    • The rising number of heart attacks and related conditions necessitates effective emergency response solutions like automated CPR devices, making them critical in saving lives during sudden cardiac arrests.
  2. Advantages of Automated CPR Devices:
    • Automated CPR devices provide consistent and effective chest compressions over extended periods, which enhances the success rate of resuscitation efforts compared to manual CPR.
    • These devices can be operated by trained healthcare professionals, reducing the physical demands associated with manual CPR and minimizing variability in technique.
  3. Changing Lifestyles and Dietary Habits:
    • Sedentary lifestyles and poor dietary choices have contributed to a surge in cardiovascular diseases, increasing the need for reliable CPR methods.
  4. Government Spending and Healthcare Investments:
    • Increased government spending on healthcare infrastructure and emergency medical services is expected to drive the adoption of automated CPR devices.
  5. Growing Awareness of Automation Benefits:
    • As awareness about the benefits of automation in emergency medical services rises, more healthcare providers are likely to invest in automated CPR technology.
  6. Technological Advancements:
    • Continuous improvements in mechanical CPR solutions are enhancing device performance and effectiveness, making them more appealing for use in various settings, including non-hospital environments like airplanes and public spaces.
  7. Wider Application Beyond Hospitals:
    • The use of mechanical CPR devices is expanding into non-hospital settings, further boosting demand as they are increasingly employed in public spaces and homes.

Leading Automated CPR Device Brands

  • Stryker Corporation
  • ZOLL Medical Corporation
  • Corpuls
  • Schiller AG
  • Shenzhen Bangvo Technology Co., Ltd.
  • Defibtech LLC
  • SunLife Science
  • Michigan Instruments
  • Ambulanc (Shenzhen) Tech. Co. Ltd. (Amoul)
  • Others

Key Segments of Market Report

By Product:

Based on product, the industry has been categorized into piston-based devices and load-distributing band-based devices.

By Modality:

In terms of modality, the market is categorized into battery-driven and electrically-driven.

By End-user:

Different end-users include hospitals (emergency departments, ICUs, and others), ambulatory medical centers, specialty clinics, emergency medical services (ambulances and air ambulances), independent catheterization labs, and long-term care centers.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and Middle East and Africa.

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