Market Research Blog – Page 3297 – New Product Development

Hair Dryer Market Poised for Significant Growth: Projected to Exhibit a Revenue Growth of US$ 18.72 Billion by 2033

The global hair dryer market demand is expected to register a CAGR of 6.26%, with the market revenue likely to be valued at US$ 10.20 Billion in 2023. By 2033, the market is projected to exhibit a revenue growth of US$ 18.72 Billion.

As a result, the increasing number of professional hair salons, particularly in emerging markets, is expected to contribute to the growth of the hair dryer market share over the projected period.

Growth-

The global hair dryer market is experiencing steady expansion due to increased awareness of superior styling tools and rising disposable income.
Demand for high-quality hair dryers is expected to rise among the major population segments.
Higher affordability of these items, along with recent technological advancements, is anticipated to drive market growth.
The increasing adoption of western lifestyles has contributed to the growth of the global hair dryer market.
Rapid urbanization and changing lifestyles also play a significant role in shaping the demand for hair dryers worldwide.

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Different electrical hair care appliances, such as trimmers and shaving equipment, are revitalizing the customer experience in the personal hair care segment, resulting in a variety of potential for market players in the hair styling appliances landscape. Personal hair care products are popular across all age groups, regardless of gender, owing to their mobility and time efficiency.

The increased demand for hair dryers that are wired/corded has resulted in a greater emphasis on the development of technologies to ensure healthy, heat-resistant hair. Consumers are increasingly demanding goods that are simple to use, customized, and match their lifestyle needs. Many customers want technologically sophisticated items, which implies they want unique features that are significant and useful in their lives. All these factors are anticipated to surge product demand and expand the global hair dryer market size.

However, the prevalence of counterfeit products in the Asia-Pacific region, particularly in China and India, has restricted the growth of the hair dryer market. Furthermore, some of the most modern hair dryers are prohibitively expensive for the middle-class population. This may act as a major challenge for the market.

Key Takeaways:

During the forecast period, North America is expected to account for the largest share of the global hair dryer market. The market in this region is expected to rise owing to the presence of a sizable number of clients who are more conscious of personal hygiene and self-care. Moreover, the majority of American households choose to generate ‘professional-level blowouts’ at home rather than spend a lot at salons.
The hair dryer market in the Asia Pacific is predicted to develop rapidly, particularly in China and India, during the projected period. This is attributed to a big customer base and a rush of professional salons in both the countries. Moreover, key players have merged and collaborated to provide internationally recognized goods with cutting-edge technology to the countries.
Owing to their offer of superior ventilation and heat settings, the “corded” product type is expected to hold the greatest revenue, through the forecast period.
As the use of network access or Wi-Fi connectivity to purchase things grows in popularity, the “online” distribution channel type, accounts for a significant share and is the most preferred type.

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Competitive Landscape:

The global hair dryer market share is experiencing a transformational period as a result of technological breakthroughs and various innovations. The creativity that goes into the production of hair dryers is predicted to continue attracting clients, creating enormous chances for major suppliers to leverage on such expanding trends and launch fresh product lines. The following are the key players in the hair dryer market:

Beauty by Imagination Inc.
Conair Corp.
Koninklijke Philips NV
MacAndrews and Forbes Inc.
Orchids International
Panasonic Corp.
Skyline Home Appliances
Coty Inc.
Dyson Ltd.
Havells India Ltd.

Recent Developments:

In August 2016, Dyson is planning to invest $400 million to develop at least 100 new products by 2020, nearly double what it now has on the market and equivalent to the number of products introduced since its founding. Dyson has its only lab for research named D9. The latest wonder from this lab is the Supersonic blow-dryer. And as spent $71 million on developing Supersonic blow dryer.
In September 2020, German personal care and lifestyle brand CARRERA launched a range of premium quality professional hair dryers: CARRERA hairdryer No. 531, 532, and 631. These hair dryers claim to give users a salon-like look from the comfort of their homes and prevent dryness or breakage.

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Key Segments Profiled in the Hair Dryer Market Survey

By Type:

Corded
Cordless

By Product:

Handheld Hair Dryer
Hooded Hair Dryer

By Price Range:

Less than US$ 50
US$ 50 – US$ 100
More than US$ 100

By Application:

Professional
Individual

By Distribution Channel:

Online
Offline

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

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Bonded Abrasives Market Outlook to 2032, featuring 3M, Marrose Abrasives, Saint-Gobain

The global bonded abrasives market is anticipated to augment at an impressive CAGR of 5% throughout the forecast period from 2022 to 2032. The global market is expected to surge due to the increasing usage of bonded abrasive materials which is rapidly growing in the building industry comprising residential, commercial, and infrastructure projects.

An abrasive is a type of material that when rubbed against a surface, tends to produce the desired surface’s finish and shape. Abrasives are usually such types of minerals that are often available in a huge range of shapes, sizes, and types. The abrasives material or the abrasives products are known to find various applications in various industries such as electrical & electronics, machinery, metal fabrication, and transportation among others.

The bonded abrasives are usually utilized to clean, grind, scour, abrade or remove the solid material usually by using impact or by rubbing action. Abrasives are mainly classified as bonded abrasives, steel abrasives, coated abrasives, rubber bonded abrasive wheels, loose abrasives grain, resin grinding wheel, and raw super abrasives, among other classifications.

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Key Takeaways

The rising demands for advanced technology-based pieces of machinery are anticipated to bolster the demand for bonded abrasives market over the projection period. In addition to that, the growing automobile industry is expected to fuel the overall growth of the bonded abrasives market globally.
Resin grinding wheels are known to be widely utilized in giving the required surface finish along with the desired design to automobiles. In addition to that, bonded abrasives can either be natural or synthetic abrasive grains that are usually known to get bonded into a solid form. Furthermore, bonded abrasives are usually made of abrasive grains that are closely sized and molded or pressed to produce a wide variety of products.
Resin-bonded grinding wheels usually come in the shape of a wheel. The product range of the resin-bonded grinding wheels also comprises the snagging wheel, mounted wheel, grinding and the cut-off wheel, cones, and plugs.
Resin grinding wheels are primarily utilized for precision grinding, cutting, rough grinding, lapping, sharpening and light grinding among others. In addition to that, the increasing utilization of vitrified bonded grinding wheels for de-scaling and dust removal will upkeep the overall growth of the bonded abrasives market.
The rubber-bonded abrasive wheel helps in the superfinishing of the machine shaft to achieve the required roughness. The resin grinding wheels are used in providing a smooth finish to the various tools and the pieces of machinery that are manufactured.
The rubber-bonded abrasive wheel is utilized in the polishing as well as deburring of the boreholes on the machine blocks. Regular maintenance of the workshops further boosts the overall demand for the bonded abrasives market.
Vitrified bonded grinding wheels are also widely utilized in the medical sector. Vitrified bonded grinding wheels are used to sharpen dental tools.
The bonded abrasives are also utilized for smoothening the edges of the dental tools such that it is extremely convenient for doctors to use the dental tools on patients. The bonded abrasives market segment accounts for the largest share of the global abrasives market.

Competitive Landscape

The dominant players in the global bonded abrasives market are focusing on diversifying their end-use abilities by concentrating on research and development activities. In addition to that, key market players are meticulously working towards mergers and acquisitions to cater to the diverse customer base. Furthermore, technological advancements are making it possible for dominant companies in the global landscape to diversify the application of bonded abrasives which can lead to higher sales over the forecast period.

Top Key Players

3M
Marrose Abrasives
Saint-Gobain
SAK ABRASIVES LIMITED
Carborundum Universal Limited

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More Insights into the Bonded Abrasives Market

The Asia Pacific region comprises the largest construction market, followed by India, China, and several Southeast Asian countries. Housing for All by 2022, a program announced by the Indian government, is likely to have a substantial influence on the residential building bonded abrasives market in India throughout the forecast period.

North American region is anticipated to be the largest shareholder in the bonded abrasives market. The growing demand especially in the U.S. is expected to boost the growth of the global bonded abrasives market.

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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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Cervical Dysplasia Treatment Market will achieve a value surpassing US$ 846.2 Million by the year 2033

The global cervical dysplasia treatment market size is poised to cross US$ 628.5 million in 2023 and is likely to surpass a valuation of US$ 846.2 million by 2033. The cervical dysplasia treatment market share is expected to rise at a CAGR of 3.0% from 2023 to 2033.

Advanced cervical dysplasia treatment approaches have been created due to continuous medical innovation and research. Modern medical procedures frequently provide less intrusive and more effective actions than conventional surgical procedures. Patients now have additional choices with the advent of procedures like loop electrosurgical excision process (LEEP), laser therapy, and topical therapies. The market for cervical dysplasia therapy is growing because there is a greater demand for and interest in these cutting-edge therapies as healthcare practitioners and patients adopt these newer, more patient-friendly approaches.

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Cervical dysplasia and cervical cancer are critical public health issues that several governments and public health organizations acknowledge. They respond by launching an array of programs to increase awareness, enhance screening rates, and improve access to treatment options. Government financing and assistance are crucial in promoting market expansion because they guarantee that more people may have timely and cost-effective cervical dysplasia treatments. These programs may also entail the creation of policies and procedures that motivate medical professionals to give a range of therapeutic alternatives, further promoting market growth.

Key Takeaways from the Cervical Dysplasia Treatment Market Report:

In 2018, the global market size stood at US$ 554.6 million.
The market size expanded at a 2.1% CAGR from 2018 to 2022.
In 2022, the global market size stood at US$ 612.2 million.
The specialty clinics segment will develop at a 3.2% CAGR through 2033.
The LEEP treatment type segment will rise at a 3.2% CAGR through 2033.
China’s cervical dysplasia treatment market is expected to thrive at a 3.6% CAGR through 2033.
India’s cervical dysplasia treatment market is projected to rise at a 3.5% CAGR through 2033.
Germany’s cervical dysplasia treatment market is anticipated to develop at a 3.0% CAGR through 2033.

“The cervical dysplasia therapy market is expanding rapidly, driven by a confluence of factors, including increased awareness and technical advancements. The potential for further market growth is highlighted by healthcare professionals’, researchers’, and policymakers’ dedication to cervical dysplasia management and prevention,” says an FMI analyst.

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Key Players in the Cervical Dysplasia Treatment Market

Hologic, Inc.
AnGes MG
Advaxis, Inc.
Eisai, Inc.
Inovio Biomedical Corporation
GlaxoSmithKline plc
Photocure ASA
F. Hoffmann La-Roche Ltd.
BD
OncoHealth Corporation
QIAGEN
Quest Diagnostics, Inc.
Abbott Healthcare Pvt. Ltd.

Recent Developments Observed by FMI:

Roche announced the commercial launch of an HPV self-sampling solution in June 2022 in nations that recognize the CE certification. Using this innovative method, a patient can follow directions from a healthcare practitioner to quietly obtain her sample for HPV screening while at a medical institution. The Roche cobas® HPV test is run on Roche molecular equipment to analyze the clinically-validated vaginal sample.
In September 2022, Mylab Discovery Solutions announced the release of the ‘PathoDetect HPV Detection Test’ to identify high-risk forms of HPV in individuals. According to the business, the ‘PathoDetect HPV Detection Test,’ which has been approved by the regulatory authorities, identifies and distinguishes the presence of high-risk HPV strains, such as 16 and 18, which cause the mainstream of cervical malignancies.

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Cervical Dysplasia Treatment Market Segmentation:

By Treatment:

Cervical Dysplasia Surgery
Cervical Dysplasia Cryosurgery
Cervical Dysplasia LEEP (Loop Electrosurgical Excision Procedure) or Cold Knife
Cervical Dysplasia Radiation Therapy
Cervical Dysplasia Chemotherapy
Others (Therapeutic HPV Vaccines)

By End-user:

Hospitals
Ambulatory Surgery Centers
Specialty Clinics

By Region:

North America
Latin America
Europe
Asia Pacific
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 Biomaterial Market is projected to reach staggering valuation of US$ 3,86,983.6 Million by 2033 | FMI

The global biomaterial market growth is on the brink of an extraordinary growth phase, with the latest forecasts indicating a staggering surge from its 2023 valuation of US$ 1,72,689.3 million to an estimated US$ 3,86,983.6 million by 2033. This remarkable 8.4% growth rate within the biodegradable Biomaterial Market reflects a promising trajectory for the next decade.

The exponential expansion of the biomaterial market highlights its increasing significance across diverse industries, ranging from healthcare to environmental sustainability. This growth is a testament to the pivotal role biomaterials play in driving innovation and addressing global challenges. The market’s evolution not only presents opportunities for groundbreaking advancements but also positions itself as a key player in contributing to global economic growth.

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Driven by escalating demands for sustainable solutions and advancements in biotechnology, the biomaterial industry is carving a path towards substantial market value, indicating a shift towards eco-friendly, biodegradable materials. This evolution is expected to reshape various sectors, including healthcare, packaging, and consumer goods, fostering a transition towards greener, more sustainable practices.

The projected surge in the biomaterial market invites attention from investors, innovators, and industry stakeholders seeking to capitalize on this burgeoning sector. Its growth trajectory not only signifies economic opportunities but also underscores a global commitment towards sustainable practices and environmentally conscious solutions.

As we navigate towards a more sustainable future, the biomaterial market stands as a beacon of innovation and progress, driving transformative change across industries and shaping a world that embraces eco-friendly practices.

Bridging the Gap Between Science and Healthcare Needs with Biomaterials:

The biomaterials and tissue engineering market is expanding due to the aging population, increased incidence of cardiovascular and orthopedic issues, technical medical developments, and rising public awareness of implantable devices. Increasing consumer awareness of the advantages of products based on biomaterials and increased government funding for biomaterials research and development are contributing to the market expansion.

Compatibility issues and expensive implants are expected to restrict global Biomaterial Market growth. On the other hand, new product introductions in plastic surgery, wound healing, and neurology are anticipated to present lucrative opportunities for growth in the Biomaterial Market. Examples of these products include hydrogen scaffolding and decellularized dermal matrixes for grafting.

The Role of Polymers in Market Revenue for Biomaterials:

The polymer sector dominated the global Biomaterial Market revenue in 2023 and is expected to maintain its dominance. This is attributable mainly to the variety of uses for polymer goods. The segment’s revenue growth is anticipated to accelerate due to the wide availability of biopolymers and the demand for advanced polymers for use in bio-resorbable tissue fixation applications and other orthopedic applications.

“Increasing consumer awareness of the advantages of products based on biomaterials and increased government funding for biomaterials research and development are contributing to the market expansion.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI) analyst.

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Key Takeaways:

The polymer biomaterials segment of the material type category to grab a share of 33.5% by 2033.
In the end-user category, the cardiology segment accounts for a market share of 21.1% during the forecast period.
By 2033, the United States market is expected to possess a 23.2% share.
The North America market is forecast to have a 28.5% market share by 2033.
By 2033, Germany is expected to hold 4.7% of the market share.
Until 2033, the China may grab a share of 8.3%.
The India market is going to continue to hold a share of 8% through 2033.
Until 2033, the market in the United Kingdom is anticipated to grab a share of 4%.
The United States market to exhibit a CAGR of 6% from 2023 to 2033.
The United Kingdom market to register a CAGR of 5.5% between 2023 and 2033.
Germany market to develop at a CAGR of 6.1% between 2023 and 2033.
China market to record a CAGR of 13.3% through 2033.
India market is to exhibit a CAGR of 15% from 2023 to 2033.

Competitive Analysis:

Important biomaterials manufacturers invest heavily to grow their presence and keep a competitive edge. They are also implementing techniques to improve their product catalog, including contracts, collaborations, and collaborative models. Significant biomaterials manufacturers are prone to creating more inventive items to increase their selection of biomaterials.

Recent Breakthroughs:

To create bioprinted tissue treatments for obesity and diabetes, Novo Nordisk partnered with Aspect Biosystems, a business that produces bioprinted biomaterials, in April 2023.
After the Huafon Group purchased DuPont Biomaterials, Covation Biomaterials, a global provider of bio-based solutions, was born as a separate company in June 2022.
DuPont and JP Modatex India debuted a new spun yarn collection in April 2022 that combines natural fibers with DuPont Sorona staple fibers. The group makes spun yarns appropriate for various uses, including dresses, shirting, pants and skirts, jeans, and jackets, by combining linen and partially plant-based Sorona fibers.

Key Biomaterials Manufacturers:

BASF SE
Evonik Industries AG
Royal DSM N.V.
Corbion N.V.
Covestro AG
Zimmer Biomet Holdings, Inc.
Stryker Corporation
Medtronic plc
DENTSPLY SIRONA Inc.
Wright Medical Group N.V.
Baxter International Inc.
Integra LifeSciences Holdings Corporation
Johnson & Johnson
Carpenter Technology Corporation
Invibio Ltd.
CAM Bioceramics B.V.
Biomatlante
Biomet, Inc.
Aap Implantate AG
Orthofix Medical Inc.

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Key Segments:

By Material Type:

Ceramic Biomaterials
Surface Reactive/Bioactive
Non-Absorbable
Polymer Biomaterials
Metallic Biomaterials
Natural Materials
Other Materials

By Application:

Cardiology
Ophthamology
Dental
Neurology
Orthopaedic
Respiratory
Wound Management
Aesthetic & Plastic Surgery
Tissue Engineering & Regenerative Medicine
Other Applications

By End Users:

Pharmaceuticals/Biotech Manufacturers
Medical Device Manufacturers
Cosmetic & Aesthetic Products Manufacturers
Tissue Engineering and Regenerative Medicine Companies
Research Laboratories
Acaedmic Institutions

By Region:

North America
Latin America
East Asia
South Asia Pacific
Western Europe
Eastern Europe
The 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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Nandini Singh Sawlani

Specialty Silica Industry Set to Expand, Valued at US$ 11.93 Billion by 2033

The specialty silica market is likely to hold a valuation of US$ 11.93 billion by 2033. As of 2023, the market value is US$ 7.40 billion. As the automobile sector foresees growth, the specialty silica market, too, is expected to grow by 5.4% from 2023 to 2033.

The demand for specialty silica industry has significantly surged due to its increased applications in various industries. Specialty silica finds its applications primarily in the automotive industry, where it is used to manufacture tires. As the automotive industry continues to grow in countries like Germany, China, and the United Kingdom, the demand for specialty silica in these countries is also very likely to experience a noticeable surge.

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Specialty silica is also used extensively in the construction and building sector. The post-pandemic boom in the construction sector is substantially driving the market for specialty silica in the Chinese and Indian markets. Specialty silica is also used in manufacturing to produce mechanical seals, adhesives, and coatings.

Colloidal-type specialty silica has gained much popularity in various industries, such as machine tools, construction, and food and beverage. Its versatility and material properties have also made it a preferred choice in manufacturing lotions and creams in the cosmetics industry. The demand for colloidal specialty silica is also rising in the electronics industry, which produces semiconductors, electronic chips, circuits, etc.

“There is still much room for development in the specialty silica market. Key players in the market must develop innovative and sustainable ways to procure specialty silica, as there are a lot of environmental concerns regarding the carbon footprint in the manufacturing process. Recent developments in material science and nanotechnology can be very beneficial for the further expansion of this market ” – says FMI analyst.

Key Takeaways from the Specialty Silica Market Report:

The specialty silica market is expected to grow at a modest rate of 5.4% from 2023 to 2033.
The colloidal type dominates the global specialty silica market, with an overall revenue share of 66.8%.
Regarding application, the rubber industry captures 61.8% of the global specialty silica market revenue.
India is the leading specialty silica market, with a growth rate of 8.5% from 2023 to 2033.
India is followed by China (6.50%), Germany (5.70%), and Australia and New Zealand (5.20%) in terms of specialty silica market growth.

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Competitive Landscape:

The competitive landscaper for specialty silica market is still in its growing stages where small enterprises are making significant contributions to the overall specialty silica market by responding to the demand of local consumers, despite the presence of international players like Solvay SA, Huber Engineered Materials, and Madhu Silica.

These international brands, with their established reputation and experience in the industry, have gained popularity in the global market. They are also investing billions of dollars in the research and development of sustainable methods for procuring silica. These companies now focus on emerging economies like India to expand their consumer base.

Recent Developments in the field:

Solvay announced the acquisition of Evonik Industries AG, a specialty silica business, in 2022. Solvay expanded its specialty silica product portfolio and market reach
through this acquisition.
In 2021, a global specialty chemicals and performance materials company, Cabot Corporation, acquired Germany-based Wacker Chemie AG.

Key Companies in the Market

Solvay SA
Huber Engineered Materials
Madhu Silica Pvt. Ltd.
Evonik Industries AG
PPG Industries, Inc.
Akzo Nobel NV
Cabot Corporation
Wacker Chemie AG
Nalco Holding Company
Qingdao Makall Group Inc.

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Specialty Silica Market by Category

By Product Type:

Precipitated
Fumed
Fused
Silica Gel
Colloidal

By Application:

Rubber
Plastic
Ink & Coatings
Electrical & Electronics
Agricultural & Feed
Food & Beverages
Personal Care
Others

By Region:

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

About Future Market Insights (FMI)

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

Rising awareness of health issues linked to high sodium intake is driving demand for healthier alternatives | FMI

low-sodium sea salt market set Over the course of the forecast period, the market for digestive health drinks is anticipated to rise at a CAGR of 6.09%, reaching a valuation of US$ 47 billion by 2032.
expected to rise from $118 million in 2023 to $222.3 million in 2033 at a 7% CAGR. Health issues related to high sodium intake motivate the desire to reduce salt intake in order to lessen the risk of hypertension and cardiovascular disease.

The market for low-sodium sea salt is projected to be valued US$ 118 million in 2023 and US$ 222.3 million in 2033. By 2033, the market is anticipated to grow at a CAGR of 7%.

Why is the Demand for Low Sodium Sea Salt Growing Rapidly?

Several factors are rising the demand for low-sodium sea salt are as follows:

- Health Consciousness:encouraging customers to lead healthy lives and reducing health concerns like high blood pressure, kidney problems, and heart disease. The demand for low-sodium sea salt is rising in an effort to preserve sodium intake while enhancing food flavour.
- Dietary Restriction: To consume the least amount of salt possible, many people follow their diet. For instance, doctors advise patients with illnesses like high blood pressure and hypertension to consume less sodium.
- Flavor Enhancement: Low-sodium sea salt is increasingly in demand since it improves the flavour, texture, and taste of food. To reduce the sodium content of their meals, some consumers favour using table salt. To keep your health and wellness, choose this healthier alternative.
- Product Availability: High-quality, natural, low-sodium sea salt is being created by businesses to fulfil consumer demand and to be more readily available. To target the right customers, many businesses sell their items in both online and physical stores.

These are a few factors that increase the demand for low-sodium sea salt by enhancing food flavor and evolving culinary trends.

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Key Takeaways:

- The low sodium sea salt market is estimated to secure a valuation of US$ 222.3 million with a CAGR of 7% during the forecast period.
- Historically, the market secured a valuation of US$ 102.8 million with a CAGR of 2.5% between 2018 and 2022.
- The United States is dominating the global market by capturing a share of 17.7% during the forecast period.
- Japan is estimated to register a share of 3.2% in the global market by 2033.
- With a share of 7.5%, Germany is anticipated to drive the global market during the forecast period.

Strategies Adopted by Players in this Market:

Key players adopted various strategies in the global market are:

- Product Innovation: Key players invest a lot in research and development activities to establish new and unique products. They are developing a variety of low-sodium sea salt with unique flavors and tastes, including lemon-infused, to attract consumers.
- Partnerships and Collaborations: The key players are expanding their business by collaborating and partnering with food organizations and industries. Through these, they can reach their relevant consumers and increase sales volume. These strategies help them to know about the product, its accessibility, and its visibility.
- Health Education: The key players are actively involved in educating their customers about the benefits and advantages of their products. They provide accurate, informative content on the online platform to understand them. These players also visit trade shows and exhibitions to reach relevant audiences.

These are a few strategies the key players are adopting to fuel the global market.

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Recent Developments in the Global Market:

In 2021, RobertBrews launched its new product line of low sodium sea salt by adding new flavors. This product added vegan ingredients and is gluten-free.

Key Companies Profiled:

- SaltWorks Inc.
- K+S AG
- Cargill
- ADM
- A&B Ingredients
- Selina Naturally
- INFOSA
- Atacama Sea Salt
- Solo Sea Salt.

Market by Categorization:

By Product Type:

- Wet Sea Salt
- Dry Sea Salt

By Form:

- Grain
  - Coarse
  - Semi-Fine
  - Fine
- Flakes
- Spray

By Application:

- Water Softener
- Water Treatment
- De-Icing
- Anticaking
- Flavoring Agent

By Distribution Channel:

- Direct Sales/B2B
- HoReCa
- Indirect Sales
  - Hypermarkets/Supermarkets
  - Convenience Stores
  - Specialty Stores
  - Independent Small Groceries
  - Wholesale Stores
  - Online Retail
  - Others

By Region:

- North America
- Latin America
- Europe
- Asia Pacific
- 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Eco-Friendly Products and Emerging Economies Propel Faux Paints and Coatings Market to 6.3% CAGR by 2032

The global faux paints and coatings market is valued at US$ 2.1 Billion in 2022 and is expected to reach US$ 4.2 Billion by 2032, expanding at a CAGR of 6.3% between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence provider, global faux paints and coatings consumption has increased at a CAGR of roughly 5.7% over the last half-decade.

Demand for material-based adhesives is increasing in public and private applications for superior finishes, and a growing acceptance of authentic synthetic finishes, especially in emerging economies, is anticipated to increase the development of the global artificial finish coatings market over the coming decade.

New residential and non-residential developments, particularly in emerging regions, have an impact on the growth of the Faux Paints and Coatings industry. The desire for house décor and painting is projected to fuel demand for fake coatings.

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Key Takeaways from the Market Study

Faux Paints and Coatings Market was valued at US$ 7.2 Bn in 2021. According to Future Market Insights, Faux Paints and Coatings Market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 6.4 Bn in 2032.
In terms of Type, revenue through Plasters is expected to accounts for the highest projected CAGR of over 7%.
In terms of Application of Faux Paints and Coatings, Building and Construction accounts for the highest CAGR of 6.2% during the historic period (2017-21).
US is the dominant region in faux paints and coatings market with an absolute dollar growth opportunity of over US$ 2.2 Bn.

Winning Strategy

Because of its greater bond than powder compounds, Faux Paints and Coatings are widely used in the residential sector. In the near future, the worldwide Faux Paints and Coatings market is expected to be driven by an increase in the use of Faux Paints and Coatings as bonding agents in the building sector.

Competitive Environment

The worldwide Faux Paints and Coatings industry is fragmented and reliant on a few significant players. To maintain their top positions, these important firms are stressing the development of increasingly innovative and diverse goods.

In 2021, Faux Effects International Inc. announced the release of WALL SILK in 2021, a one-of-a-kind Faux Effects decorative coating that, when combined with ShimmerCoat, evokes the look, feel, and elegance of raw silk and other magnificent materials.
In 2020, PPG Industries, Inc. announced that it will introduce a new line of fake finish coatings in a variety of neutral hues.

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Market Segments Covered In Faux Paints And Coatings Market Analysis

By Type:

Plasters
Metallics
Wall Glazing
Marbleizing
Other Types

By Application:

Building & Construction
Furniture
Other Applications

By Region:

North America
Latin America
Europe
APAC
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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Nandini Singh Sawlani

Sales Coaching Software Market Rockets to US$ 88.7 billion by 2032, 6.4% CAGR

The sales coaching software market is expected to grow at a 6.4% CAGR from 2022 to 2032, rising from US$ 47.6 billion in 2022 to a valuation of US$ 88.7 billion by 2032. From 2021 to 2022, the industry is expected to grow by 8.4% year on year, surpassing its previous valuation of US$ 443.9 billion.

The acquisition and implementation of technology have proven to be the simplest component of the sales equation. Using AI and the advancement of technology, coaching can provide a scalable yet personalized approach that ends up developing sales capabilities rather than just supporting individual deals, allowing for progress tracking and helping to cascade best practices from top reps.

The key to developing organizational skills is to provide formal and informal learning methods in a variety of delivery modes and formats. A technology solution enables sellers to access learning in the manner that best suits their learning preferences.

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While technology and systems are easily made available, and even implemented, improving performance is more urgently dependent on what is delivered. This has been proven to be the easiest way to improve sales in the market.

Key Takeaways from the Sales Coaching Software Market report:

Cloud-based sales coaching software to grow at a CAGR of 6.1% during the forecast period
U.S. market sales coaching software is forecast to reach US$ 31.5 Billion by the end of the forecast period, growing at a CAGR of 6.2%.
Growing numbers of IT businesses are expected to expand in China throughout 2022-2032 growing at a CAGR of 5.9%.
Deployment across large enterprises to be maximum, growing at a 5.8% CAGR
With the increasing adoption of CRM software in Japan, the market will grow at a CAGR of 5.2% over the forecast period.

Competitive Landscape:

As new sales coaching software technologies are introduced, end-users will benefit from the introduction of new technologies. The ability to expand a company’s operational capabilities is one of the potential benefits of forming a strategic partnership. Businesses that use smart and dynamic sales coaching software to reduce security breaches and data losses in the market.
In May 2022, Mubadala announced that it had made an investment in SalesLoft, a global leader in providing the most comprehensive sales engagement platform, partnering with Vista Equity Partners, a leading global investment firm focused only on enterprise software, data, and technology-enabled businesses. Investing in the company results in an increase in valuation, capital, and partnership to accelerate the company’s development and growth trajectory.
In August 2021, Bigtincan (BLTC) announced plans to raise US$ 135.3 Million in extra funding to purchase the U.S. sales coaching business Brainshark Inc. With the purchase of Brainshark, the ASX-listed company will be able to create a combined business with an ARR of US$ 119 Million and 100% ownership of the business.

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More Valuable Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the global sales coaching software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (cloud-based and web-based), and by application (large enterprises and SMEs), across five major regions (North America, Europe, Asia Pacific, Middle East, and Africa and Latin America).

Sales Coaching Software Market Segmentation:

By Type:

Cloud-based Sales Coaching Software
Web-based Sales Coaching Software

By Application:

Sales Coaching Software for Large Enterprises
Sales Coaching Software for SMEs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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

Rising cases of celiac disease and gluten sensitivity are creating a strong demand for gluten-free alternatives | FMI

The Gluten-Free Food Market has increased as a result of dietary limitations and growing health consciousness. The market is expected to Over the course of the forecast period, the market for digestive health drinks is anticipated to rise at a CAGR of 6.09%, reaching a valuation of US$ 47 billion by 2032.
with an emphasis on helping people with celiac illness and gluten sensitivity, grow at a 7.5% CAGR over the estimated timeframe, from $6.7 billion in 2022 to $14 billion in 2032.

Dietary restrictions and increased health consciousness have led to a major growth in the market for gluten-free goods in recent years. Consumers seeking gluten-free alternatives include those with celiac illness and gluten intolerance. Due to creative product development, increased distribution options, and growing public awareness of the health risks associated with gluten, the industry is growing.

It is anticipated that the global market for gluten-free meals would expand from US$ 6.7 billion in 2022 to US$ 14 billion in 2032 at a compound annual growth rate (CAGR) of 7.5%.

In this blog, we will explore the dynamic landscape of the gluten-free food market, witnessing a remarkable surge from $6.7 billion in 2022 to an anticipated $14 billion in 2032. Join us on a journey through the reasons behind this growth, from increasing health consciousness to dietary limitations, and discover how the market is catering to those with celiac disease and gluten intolerance.

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Introduction:

Dive into the gluten-free food market, a thriving industry set to experience a 7.5% compound annual growth rate (CAGR) from 2022 to 2032. Uncover the motivations driving this surge, including dietary restrictions and a heightened awareness of health issues related to gluten.

The Gluten-Free Market Landscape:

Explore the factors contributing to the significant growth of the gluten-free food market. Discover how innovative product development, expanded distribution alternatives, and increased public awareness of gluten-related health risks have fueled this market expansion.

Understanding the Health Dynamics:

Delve into the rising cases of celiac disease and gluten-related sensitivities, which have become primary drivers for the demand for gluten-free alternatives. Learn how more than 80% of Americans remain unaware of their celiac condition and the role of public knowledge in popularizing gluten-free products.

Market Dynamics:

Unearth the various elements influencing the gluten-free food market, from changes in distribution strategies and maturing marketing campaigns to the impact of millennial demands. Acknowledge the potential challenges, such as price sensitivity, that may hinder the sector’s growth.

Key Takeaways from the Market Study:

Highlight the critical insights gathered from the comprehensive market study, focusing on dominant product types, forms, and regional growth rates. Discuss key players in the market, including multinational giants and regional competitors, showcasing the strategies employed for market dominance.

Competitive Landscape:

Dive into the fragmented yet competitive landscape of the gluten-free food market. Explore the moves made by major players like General Mills, The Kraft Heinz Company, and Kellogg’s Company, along with strategic acquisitions and launches that have shaped the industry.

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Innovation Sparks:

Discover how industry players are meeting the rising demand for gluten-free products through innovation. Spotlight initiatives such as Veripan’s launch of gluten-free flour and Mondelez International Inc.’s strategic acquisition of Enjoy Life Foods, unveiling the evolving landscape of gluten-free offerings.

The dramatic increase in celiac disease and other gluten-related sensitivity cases is one of the primary causes driving demand for gluten-free meals. The Celiac Disease Foundation reports that over 80% of Americans are unaware they have celiac disease.

Likewise, it is anticipated that during the predicted period of time, increased public knowledge of the health benefits of gluten-free products will contribute to a greater level of popular acceptance of these products. In recent months, a number of food production businesses have concentrated on developing gluten-free products in order to meet the growing demand from consumers.

In addition, the industry is expanding due to changes in distribution strategies, marketing campaigns maturing, and millennial demand. Price sensitivity is expected to restrain the expansion of the gluten-free food sector, nevertheless.

Key Takeaways from Market Study

By product type, bakery products segment is expected to dominate the global gluten-free food market during the assessment period.
By form, demand for solid gluten-free food products is likely to grow at higher CAGR throughout the forecast period.
The North America gluten free food market is expected to witness a lucrative growth rate of 7.3% during the forecast period.
East Asia is expected to emerge as a prominent market for gluten free food market in the forecast period.
Sales of gluten-free foods to increase at a robust pace in China market over the assessment period.

Conclusion:

Summarize the exciting journey through the gluten-free revolution, emphasizing its growth trajectory, market dynamics, and the interplay of health consciousness and culinary innovation. Conclude with a forward-looking perspective on the gluten-free market’s future.

Veripan announced the launch of their first gluten free flour especially for the preparation of gluten free bakery products, to meet the rising demand for gluten free food from the consumers due to rising cases of celiac disease, food allergies and health consciousness.
Enjoy Life Foods, a snack manufacturing company based out of the U.S was acquired by Mondelez International Inc., as a strategic move to expand their portfolio in gluten free products.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global gluten-free food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Gluten-Free Food Market by Category

By Product Type, Gluten-Free Food Market is Segmented as:

Infant Formula
Bakery Products
Pasta
Dairy Products
Ready Meals
Other Product Types

By Form, Gluten-Free Food Market is Segmented as:

Liquid Form
Solid Form

By Source, Gluten-Free Food Market is Segmented as:

Animal Sources
- Dairy
- Meat
Plant Sources
- Pulses
- Oilseed
- Rice
- Corn
- Others

By Sales Channel, Gluten-Free Food Market is Segmented as:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region, Gluten-Free Food Market is Segmented as:

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

Frequently Asked Questions

What is the current size of gluten-free food market?
At what growth rate will the gluten-free food market grow?
What is the projected valuation for gluten-free food market by 2032 end?
Which region dominates the global gluten-free food market?
Who are the key players in the gluten-free food market?

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Feb 9, 2024Leave A Comment

Global Transcatheter Mitral Valve Market is expected to hit of CAGR 13.5% by 2032, according to insights from FMI

The global transcatheter mitral valve market size is experiencing an unprecedented surge, setting the stage for remarkable growth and innovation. According to comprehensive market research, the industry is projected to reach a valuation of US$ 933.9 Million by the end of 2022, with an anticipated compound annual growth rate (CAGR) of 13.5%. This upward trajectory is expected to propel the market to approximately US$ 3.3 Billion by 2032.

This exponential growth can be attributed to groundbreaking advancements in medical technology, coupled with the increasing prevalence of cardiovascular diseases on a global scale. As a result, transcatheter mitral valve procedures are witnessing a substantial rise in demand, driven by their minimally invasive nature, providing patients with a viable alternative to traditional open-heart surgeries.

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Edwards Lifesciences is a prominent medical device company that specializes in cardiovascular technologies. One of its notable products is the Edwards Lifesciences Transcatheter Mitral Valve (TMV) system, developed in collaboration with Abbott, a global healthcare company.

Product Overview:

The Edwards Lifesciences Transcatheter Mitral Valve (TMV) system is a breakthrough innovation designed to address mitral valve disorders, offering a less invasive treatment option compared to traditional open-heart surgery. The mitral valve is a crucial component of the heart’s function, ensuring proper blood flow between the heart’s left atrium and left ventricle. When this valve becomes dysfunctional due to conditions such as mitral regurgitation or mitral stenosis, it can lead to serious health complications.

Key Features and Benefits:

Minimally Invasive Approach: The TMV system enables physicians to repair or replace the mitral valve without the need for open-heart surgery. This approach significantly reduces the risks associated with traditional surgical interventions, such as infection, blood loss, and extended recovery times.
Transcatheter Delivery: The TMV system is delivered via a catheter-based procedure, typically performed through small incisions in the groin or chest. This approach eliminates the need for sternotomy (chest incision) and cardiopulmonary bypass, leading to shorter hospital stays and quicker patient recovery.
Customized Treatment: The system offers a range of valve sizes and configurations to accommodate variations in patient anatomy and pathology, allowing for personalized treatment plans tailored to each individual’s needs.
Durable and Biocompatible Materials: The TMV system incorporates advanced materials that are durable, biocompatible, and designed to withstand the dynamic conditions within the heart, ensuring long-term functionality and reducing the likelihood of complications such as thrombosis or tissue overgrowth.
Proven Efficacy: Clinical studies have demonstrated the safety and efficacy of the TMV system in treating mitral valve disorders, with outcomes comparable to or even better than those of conventional surgical approaches in select patient populations.

Clinical Applications:

Mitral Regurgitation (MR): The TMV system is particularly beneficial for patients with mitral regurgitation, a condition characterized by the backward flow of blood into the left atrium due to improper valve closure. By repairing or replacing the dysfunctional mitral valve, the TMV system helps restore normal blood flow and alleviate symptoms such as fatigue, shortness of breath, and heart palpitations.
Mitral Stenosis: In cases of mitral stenosis, where the mitral valve becomes narrowed and obstructs blood flow from the left atrium to the left ventricle, the TMV system can provide relief by widening the valve opening and improving cardiac function.

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Competitive Landscape: Transcatheter Mitral Valve Market

The transcatheter mitral valve market is consolidated with the presence of various established players across the globe. Key players are enforcing clinical evaluations of pipelined products to strengthen their market positions. They are also investing huge sums in research and development activities to generate more revenues in the global market.

In March 2022, Edwards Lifesciences received approval from the U.S. Food and Drug Administration (FDA) for its MITRIS RESILIA valve. It is a tissue valve replacement which is specifically designed for the heart’s mitral position.
In April 2020, Abbott received the CE Mark approval for its Tendyne Transcatheter Mitral Valve Implantation System and TriClip Transcatheter Tricuspid Valve Repair System under its structural heart device portfolio.

Transcatheter Mitral Valve Market Outlook by Category:

By Product:

Transcatheter Mitral Valve Replacement
Transcatheter Mitral Valve Repair

By Indication:

Mitral Stenosis
Mitral Regurgitation

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories

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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