Golf Outfit Market, Estimated to Capture a Compelling Compound Annual Growth Rate (CAGR) of 7.6% by the Year 2033

Golf Outfit Market
Golf Outfit Market

The global golf outfit market size is estimated to be US$ 983.4 million in 2023, with expectations to reach US$ 2,036.70 million by 2033. Throughout the forecast period, the global market is projected to capture a CAGR of 7.6%.

Increasing consumer demand for high-quality, sustainable, and comfortable sportswear is stimulating the adoption of golf outfits. Key manufacturers are presenting new launches to attract consumers’ desires. Consumers are concerned about carbon emissions and are increasing the adoption of eco-friendly fabrics and materials.

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Governments are imposing stringent regulations to reduce environmental impacts and are developing sustainable golf outfits. Growing advanced technologies are bringing new designs, comfort, and flexibility in producing a wide range of uniforms and golf outfits that are gaining consumers’ attention.

Key Takeaways:

  • The golf outfit market is registering a CAGR of 7.60% between 2023 to 2033.
  • The United States is expected to register a CAGR of 8.20% by dominating the global market by 2033.
  • Canada is anticipated to capture a CAGR of 7.20% of the global market by 2033.
  • India is anticipated to register a CAGR of 10% in the global market by 2033.
  • China significantly drives the global market with a CAGR of 8.70%.
  • With a CAGR of 4.90%, the United Kingdom is rapidly advancing in the global market.
  • Men’s category is estimated to lead the global market during the forecast period.

“Rising sports activities and tournaments are increasing the demand for golf outfits. The growing trends of fashion, comfort, and simple look of sports apparel are raising the adoption of golf outfits,” – opines Sneha Varghese, Senior Consultant, Consumer Products & Goods at Future Market Insights (FMI).

Key Players in the Golf Outfit Market

The global golf outfit market is highly consolidated by present prominent players that heavily invest in research and development activities. These players are innovating comfortable and reliable products to satisfy consumers’ desires. These players are improving their products through new ideas and marketing tactics to uplift the global market.

Key Players in the Golf Outfit Market

  • Adidas AG
  • Callaway Golf Company
  • Under Armour, Inc.
  • Amer Sports Corporation
  • ASICS Corporation
  • Kering S.A.
  • Ralph

These key players are attracting their customers by offering eco-friendly, versatile and non-toxic apparel. Key players are adopting various marketing tactics to drive the global market, including mergers, collaborations, and partnerships.

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Key Segments in the Golf Outfit Market

By Product Type:

  • Top Wear
  • Bottom Wear
  • Hats
  • Shoes
  • Other Accessories

By Consumer Orientation:

  • Female
  • Male
  • Kids

By Buyer Type:

  • Individual
  • Institutional
  • Promotional

By Sales Channel:

  • Online Sales Channel
  • Offline Sales Channel

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Global Tibial Neuromodulation Devices Industry Is Expected to Reach US$230.7 Million at an 8.1% CAGR | FMI

Sales of the Global Tibial Neuromodulation Devices Industry are expected to grow at an 8.1% CAGR between 2022 and 2032. The global market for tibial neuromodulation devices is expected to be around US$ 97.7 million in 2022 and more than US$ 230.7 million by 2032.

Rising urological disease incidence, growing demand for less invasive procedures, and outpatient use are the factors driving the market expansion of tibial neuromodulation devices throughout the forecast period. Tibial neuromodulator devices are becoming increasingly popular, giving surgeons the power, accuracy, and control they need for soft or hard tissue, and bone modulation.

The landscape of healthcare is undergoing a transformative shift, and tibial neuromodulation devices are at the forefront of this evolution. Their increasing utilization serves as a testament to the advancements in medical technology, providing both patients and healthcare professionals with innovative solutions for superior outcomes.

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The neuromodulation devices are clinically accessed and provide safe, effective, and minimally invasive treatment options. The percutaneous tibial neuromodulation devices are cost-effective and the procedure can be performed in office-based treatment centers. The device is helpful both to the professional and patient as it is portable and inexpensive therapy. The device is tested and is effective in both men and women. The common side effects are pain and skin inflammation near the stimulation site. The procedure involves placing the electrode needle on the lower side of the leg slightly to the malleolus. The ground pad is fitted to the base of the device and followed to the heel bone on the leg. The patient is treated once per week and completes at least twelve therapy sessions.

Advancements in the tibial neuromodulator devices due to research and development and companies’ focus on organic growth will support physicians with the wide range of devices used on an outpatient basis and offer new patients with new treatment procedures where conservative treatments do not work. This advancement will boost the percutaneous tibial neuromodulation devices shortly

Percutaneous Global Tibial Neuromodulation Devices Industry: Drivers and Restraints

The rising incidence of urological disease, increase in demand for minimally invasive procedures, and usage on an outpatient basis are the factors favoring market growth over the forecast period. The use of neuromodulator devices is gaining popularity and enabling surgeons the power, precision, and control needed for soft or hard tissue, and bone modulation. The factors limiting the market growth are high treatment costs and less awareness about the devices and other treatment options prevailing in the market. Growth opportunities such as increasing market share through mergers and acquisitions and investing in emerging economics, technological advancement in percutaneous tibial neuromodulation devices are boosting the growth of the target market

Percutaneous Global Tibial Neuromodulation Devices Industry: Key Players

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Some of the key players in the Global Tibial Neuromodulation Devices Industry are Cogentix Medical, Palex Medical SA, and Medtronic plc. Rainbow Medical Group and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types of products, and applications.

The report covers an exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

Global Tibial Neuromodulation Devices Industry: Segmentation

The Global Tibial Neuromodulation Devices Industry has been classified based on application, end-user, and geography.

Based on the Application, the Global Tibial Neuromodulation Devices Industry is divided into the following:

  • Faecal Incontinence
  • Overactive Bladder

Based on the End User, the Global Tibial Neuromodulation Devices Industry is divided into the following:

  • Hospital
  • Ambulatory Surgical centers
  • Clinics
  • Specialty Care Unit
  • Others

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Termite Bait Products Market Poised to Grow at 5.6% CAGR by 2033

Termite Bait Products Market
Termite Bait Products Market

In 2023, the global termite bait products market is estimated to reach a value of US$ 1,543.2 million, with expectations to grow to US$ 2,654.9 million by 2033. Over the forecast period, the adoption of termite bait products is projected to advance at a CAGR of 5.6%.

Key Growths

  • Climate change is a significant driver behind the expansion of termite populations.
  • Rising global temperatures are enabling termites to migrate into new geographical regions.
  • Previously unaffected areas are now facing the threat of termite infestations.
  • This expansion creates a demand for effective termite control measures.
  • Termite bait products offer a solution to control termite populations in new regions.
  • The need for termite control presents a market opportunity for termite bait products.
  • Regions experiencing the effects of climate change seek efficient methods to manage termite infestations.

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The integration of advanced technologies such as IoT, data analytics, and remote monitoring systems allows for more efficient and targeted termite control. Smart baiting stations equipped with sensors can provide real-time data on termite activity, enabling proactive treatment and reducing the risk of infestation. This technology-driven approach creates new avenues for innovation and differentiation in the market.

The expansion of the construction industry and urbanization in developing regions is fueling the demand for termite control solutions. As these regions witness rapid infrastructure development, there is an untapped market for termite bait products, particularly in residential and commercial construction projects. Partnerships and collaborations between manufacturers and pest control service providers can unlock synergies and offer comprehensive termite management solutions. Integrated pest management strategies that combine baiting systems with other preventive measures can address the diverse needs of customers and open up new market opportunities.

Key Takeaways from the Report:

  • As per FMI, the United States is spearheading the growth across North America, accounting for nearly 23.8% of market share in 2022.
  • Sales of termite bait products are expected to surge at 18.1% CAGR across India in 2022.
  • Germany is expected to account for 7.4% of the total market share in Europe.
  • As per Future Market Insights, on ground are expected to dominate the bait system with a market share of 20.3%.
  • As per FMI, the subterranean termites segment is poised to expand at over 39.3% CAGR in 2022.

“The termite bait products market shows promising growth potential driven by increasing demand for effective and eco-friendly pest control solutions”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Manufacturing of Termite Bait Products market?

Key players in the termite bait products market are revolutionizing the manufacturing process through innovative techniques and technologies. They are introducing advanced formulations that offer superior termite control, enhanced durability, and eco-friendly properties. These companies are investing in research and development to develop more effective active ingredients and delivery systems, such as slow-acting toxins and targeted baiting stations.

They are leveraging data analytics and IoT technologies to optimize product performance and provide real-time monitoring and control of termite infestations. These key players are adopting sustainable manufacturing practices, including the use of biodegradable materials and minimizing waste generation, to meet the growing demand for environmentally friendly solutions. By pushing the boundaries of technology and sustainability, these companies are driving the evolution of the termite bait products market and revolutionizing pest control in the industry.

Key Players in the Market:

  • BASF
  • Bayer
  • Decke Global
  • Dow
  • Earth Corporation
  • Encysted
  • Exterminex
  • Exterra
  • Green Termite Bait Systems
  • PCT International
  • Pestman Co. Ltd.
  • Shenzhen Golden Cat Environmental Technology Co., Ltd
  • Shouxin
  • Spectrum Brands, Inc.
  • Sumitomo Chemical Co., Ltd
  • Syngenta
  • Terminix
  • Termites DIY
  • TrapAll

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Product Portfolio:

  • BASF: A diverse product portfolio offered by BASF includes chemicals, plastics, performance products, agricultural solutions, and oil and gas. With a focus on sustainability and innovation, BASF aims to provide solutions for various industries, contributing to a more sustainable future.
  • Bayer: Bayer’s product portfolio encompasses pharmaceuticals, consumer health products, crop science solutions, and animal health products. Committed to improving lives through science and innovation, Bayer strives to address global challenges and enhance the well-being of individuals, animals, and the planet.

More Insights Available

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

To understand opportunities in the termite bait products market, the report is segmented on the basis Bait System (On Ground, In Ground, (Invasive and Non-Invasive)), Termite Type (Subterranean Termites, Formosan Termites, Dampwood Termites, Conehead Termites and Others), Function (% of Demand) (Monitoring, Termination and Monitoring & Termination Both), Application (Lawns & Gardens (Domestic (Lawns and Indoor Courts), Commercial (Turfs, Golf Courts, Tennis Courts, Ornamental and Others)), Agricultural Lands & Crop Storage, Building Infrastructure (Cabinets, Foundation, Doors and Others),  Furniture and Others), Sales Channel (Online, Third Party E-Commerce, Company Websites, Offline, Wholesalers/ Distributors, Retail Stores, Pest Control Services, Building Contractors and Others),  across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Scoliosis Management Industry is expected to grow at a 3.9% CAGR and surpass US$ 4,489.0 Million by 2032 | FMI

The Global Scoliosis Management Industry is expected to grow at a CAGR of 3.9% during the forecast period, rising from $2,942.8 million in 2022 to $4,489.0 million by 2032.

The increasing incidence of scoliosis, the high adoption rate of braces, and technological advancements with monitoring devices that help monitor patient health are the key drivers driving the growth of the scoliosis management market. The increased need for minimally invasive therapies is also expected to fuel the demand for scoliosis treatment.

however, if untreated or unresolved may lead to severe deformities. Scoliosis results in reduced space within the chest cavity, thus, causing difficulties in the proper functioning of the lungs. Other factors such as environmental factors and genetic factors can also cause scoliosis. In addition, scoliosis management consists of complex procedures for correcting the shape of the spine, and management steps are selected based on the level of severity of the disorder and bone maturity coupled with the degree of progression of scoliosis which may differ in males and females. For scoliosis management, braces, physical therapies such as exercise, self-care, and leisure, alternative medicines, and surgeries are often used.

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Global Scoliosis Management Industry: Drivers and Restraints

The scoliosis management market growth is mainly driven by the increasing prevalence of scoliosis in the global population. For instance, according to the estimates of the National Scoliosis Foundation (NSF), approximately 2–3% of the population is suffering from scoliosis in the U.S. alone with estimates of six to nine million people. In addition, nearly 600,000 patient visits to private facilities, more than 30,000 adolescents using braces, and approximately 38,000 patients have undergone spinal fusion surgeries. All these factors are responsible for driving the overall growth of the Global Scoliosis Management Industry. However, factors such as the high cost of treatment or procedures can impede the market growth. Moreover, other factors such as a lack of skilled professionals, unfavorable reimbursement policies, and limited understanding of the disorder and available treatment options are also hampering the overall growth of the Global Scoliosis Management Industry.

Global Scoliosis Management Industry: Overview

The Global Scoliosis Management Industry is expected to show tremendous growth during the forecast period. Scoliosis is mainly diagnosed by using X-ray technology and aids in the calculation of a degree of curvature. Scoliosis management is based on the degree or pattern of curvature of the spine, age, type of scoliosis, and level of progression. In early cases of scoliosis, observation is done for 4 -5 months. Scoliosis is a common medical condition of the spine in adolescents and creates an ample opportunity for market participants to invest in scoliosis management because scoliosis has a high prevalence and incidence rate in the overall population, resulting in demand for better treatment and management options.

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Scoliosis Management Industry: Region Wise Outlook

Geographically, the Global Scoliosis Management Industry can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. North America is expected to hold the largest market share followed by Western Europe owing to factors such as the presence of more sophisticated healthcare infrastructure, increasing awareness among the population, and higher prevalence. In addition, other factors such as high R&D expenditure by governmental bodies, and the availability of favorable reimbursement policies in these regions boost the overall growth of the scoliosis management market.

The market in Asia-Pacific excluding the Japan region is estimated to grow at the fastest CAGR over the forecast period owing to increasing healthcare expenditure, and easy availability of management options. Moreover, consistent technological advancement and product launches in this region also boost the growth of the scoliosis management market. However, regions such as Latin America, and Middle East, and Africa show stagnant growth during the forecast year owing to the dearth of skilled personnel and low per capita healthcare expenditure in these regions, apart from a lack of awareness about the disease.

Global Scoliosis Management Industry: Key Players

Some of the market participants in the Global Scoliosis Management Industry are Boston Orthotics & Prosthetics, Chaneco, Original Bending Brace, Orthotech, Trulife, L.A. Brace, Össur, DJO, LLC, Wilmington Orthotics & Prosthetics, Inc., Lawall Prosthetics and Orthotics, Horton’s Orthotics & Prosthetics, Aspen Medical Products, UNYQ, C H Martin Company, Optec USA, Inc., Spinal Technology, Inc., Ortholutions GmbH & Co. KG, Wellinks, Inc., and Pro-Tech Orthopedics.

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Compressors and Vacuum Pumps Market: Forecasted Surge to Over US$57.8 Billion by 2033, Fueled by a 4.4% CAGR

The Compressors and Vacuum Pumps Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Compressors and Vacuum Pumps market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Compressors and Vacuum Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Compressors and Vacuum Pumps Market is currently experiencing a notable upswing in demand, largely propelled by the rapid expansion of the industrial sector, particularly in emerging economies. Key industries such as manufacturing, oil and gas, and chemicals have increasingly come to rely on these indispensable technologies. This heightened demand is further driven by substantial investments in extensive infrastructure projects encompassing construction, power generation, and transportation. Consequently, the Compressors and Vacuum Pumps Market has emerged as a pivotal player in advancing and supporting the multifaceted requirements of these dynamic industries.

Projections indicate that the global compressors and vacuum pumps market is poised to reach a valuation of approximately US$ 37.6 billion by the year 2023. This growth trajectory is primarily underpinned by the continuous expansion of the industrial sector. Furthermore, the market is estimated to attain a value of US$ 57.8 billion by 2033, reflecting a commendable Compound Annual Growth Rate (CAGR) of 4.4% from 2023 to 2033.

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The burgeoning industrial sector, particularly in developing nations, is a primary driver behind the escalating demand for compressors and vacuum pumps. Industries such as manufacturing, oil and gas, and chemicals are pivotal contributors to this demand surge. This heightened requirement is further compounded by investments in infrastructure projects, spanning construction, power generation, and transportation.

Sustained innovation in compressor and vacuum pump technologies is fostering the creation of more energy-efficient and environmentally friendly devices. Stringent environmental regulations pertaining to emissions and energy efficiency are propelling the adoption of advanced compressors and vacuum pumps. Companies are dedicating their efforts to developing products that conform to these regulations and contribute to a reduction in environmental impact. Moreover, the increasing trend of industrial automation and the embrace of smart manufacturing techniques are generating a demand for cutting-edge compressed air and vacuum systems. These systems play an indispensable role in the realm of automated production processes.

The demand for compressor and vacuum pumps in the market exhibited robust growth from 2018 to 2022, registering an impressive Compound Annual Growth Rate (CAGR) of 5.4%.

  Among the various product types in the market, the positive displacement compressor segment displayed notable growth, with a CAGR of 4.2%.

  When considering application areas, the Industrial segment is poised for significant expansion, projected to achieve a CAGR of 4.0% during the forecast period.

  North America is anticipated to emerge as a promising market for compressor and vacuum pumps, with a notable CAGR of 4.3%.

  The United Kingdom’s compressor and vacuum pumps industry is expected to reach a substantial market value of US$ 2.3 billion by the year 2033.

  Likewise, the South Korean market for compressor and vacuum pumps is forecasted to achieve a substantial market revenue of US$ 3 billion by 2033.

  In the broader context of the global market, Asia Pacific is identified as an opportunistic market for compressor and vacuum pumps, with expectations of capturing a noteworthy CAGR of 4.3% during the forecast period.

 “The increasing demand for energy-efficient, sustainable, and technologically advanced compressors and vacuum pumps is projected to play a vital role in strengthening the market. Increasing technological advances in the industrial sector are expected to drive the market in the forecast period.”.

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Competitive landscape:

Atlas Copco AB; Bauer Compressors Inc., Ariel Corporation; Baker Hughes Company; Aerzener Maschinenfabrik GmbH; are some of the prominent players in the compressor and vacuum pumps market.

  • Siemens is a leading player in the compressors and vacuum pumps market, offering a wide range of solutions for different applications. The company focuses on providing energy-efficient compressors and vacuum pumps that comply with environmental regulations. Siemens has also integrated IoT technology into its products, enabling remote monitoring and predictive maintenance capabilities. The company aims to provide sustainable and reliable solutions for industrial processes.
  • Pfeiffer Vacuum specializes in high-performance vacuum solutions. The company offers a comprehensive range of vacuum pumps, including rotary vane, diaphragm, and turbomolecular pumps. Pfeiffer Vacuum has focused on developing advanced vacuum technology for various industries, including semiconductor, analytical, and research applications. They continuously invest in R&D to offer innovative and reliable vacuum solutions.

Know More about What the Compressor & Vacuum Pump Market Report Covers

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

To understand opportunities in the compressor and vacuum pump market, the market is segmented based on product type and application across five major regions.

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Market Segmentation:

By Product Type:

  • Positive Displacement Compressors
  • Dynamic Compressors
  • Rotary
  • Liquid Ring
  • Diaphragm
  • Others

By Application:

  • Industrial
  • Commercial
  • Residential

By Region:

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

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Compressor & Vacuum Pump Market@ https://www.globenewswire.com/en/news-release/2023/06/05/2682174/0/en/Global-Compressors-and-Vacuum-Pumps-Market-is-set-to-reach-US-57-8-Billion-by-2033-growing-at-a-CAGR-of-4-4-Data-analysis-by-Future-Market-Insights-Inc.html

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Seismic Protection Device Market Poised to Achieve Significant Value of US$ 2,220.8 Million by 2033

The Seismic Protection Device Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Seismic Protection Device market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Seismic Protection Device. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Seismic Protection Device Market is currently experiencing a surge in interest, driven by advancements in cutting-edge materials used in earthquake protection systems. Unlike traditional counterparts, specific materials such as shape memory alloys, fiber-reinforced composites, and high-performance damping materials are gaining significant attention for their exceptional properties. These materials not only enhance performance, durability, and flexibility but also signify a significant shift in our approach to seismic resilience.

According to Future Market Insights (FMI), the global market for seismic protection devices is poised to reach a value of US$ 1,525.4 million by 2023. Projections indicate that by 2033, its value will surpass US$ 2,220.8 million. During the assessment period spanning from 2023 to 2033, the market is expected to exhibit a compound annual growth rate (CAGR) of approximately 3.8%.

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The seismic protection devices market is undergoing a notable integration of smart technologies and the Internet of Things (IoT). Manufacturers are now offering users real-time monitoring, data analysis, and remote control features, enabling the implementation of more effective and efficient earthquake protection systems.

The development and application of innovative materials in earthquake protection systems are garnering increased attention. Compared to conventional materials, materials such as shape memory alloys, fiber-reinforced composites, and high-performance damping materials offer superior performance, durability, and flexibility.

The importance of retrofitting seismic protection systems into existing structures is on the rise. Many infrastructures in various nations require updates to withstand seismic events, and retrofitting provides a means to enhance the resilience of these buildings without necessitating complete reconstruction.

Proactive and resilient infrastructure planning that integrates earthquake protection measures from the outset of the design and construction process is gaining prominence. This strategic approach involves the incorporation of seismic safety protocols into the infrastructure development process.

Suppliers are now offering comprehensive support services, encompassing architectural design, construction expertise, and urban planning, to ensure a more robust response to client requirements. This comprehensive approach contributes to client retention and satisfaction.

To provide real-time insights into the structural integrity of buildings and infrastructure, structural health monitoring systems are being seamlessly integrated with seismic protection equipment. This integration enhances the safety and reliability of structures, enables predictive maintenance, and facilitates early detection of potential issues.

Environmental and sustainability considerations are assuming greater significance within the seismic protection device industry. There is an enduring demand for environmentally friendly and energy-efficient solutions that minimize their ecological footprint while upholding performance and safety standards.

Key Takeaways:

  • In 2022, the two leading regions in the global seismic protection device market maintained a consistent market share of approximately 57.3%.
  • The global seismic protection device industry is forecasted to experience a Compound Annual Growth Rate (CAGR) of 3.8% during the assessment period from 2023 to 2033.
  • Within the product category, dampers are expected to maintain their dominant position, surpassing US$ 1345.3 million in revenue by the year 2033.
  • Notably, key participants in the seismic protection device industry collectively hold a substantial market share, accounting for approximately 50% to 55% of the total market.
  • In terms of application, the commercial segment is anticipated to maintain a significant market share, estimated at around 35% in the year 2023.

 “High seismicity areas have historically been concerned with seismic protection. However, there is a rising level of awareness and market expansion in earthquake-prone emerging areas. Necessity of making investments in seismic protection measures to guarantee the security of their infrastructure is being acknowledged by governments and organizations in these areas.” – says a lead analyst Future Market Insights (FMI)

Competitive Landscape:

Establishing robust customer relationships and delivering exceptional customer service are pivotal elements for achieving success within the industry. Companies that offer comprehensive support, encompassing engineering proficiency, adept project management, and unwavering maintenance services, can distinguish themselves distinctly from their competitors. The cultivation of resilient customer relationships and the cultivation of a reputation characterized by dependability and rapid responsiveness can culminate in recurring business engagements and valuable referrals.

The competitive landscape is not uniform and exhibits variations across different regions. Companies holding a prominent presence in seismically active areas such as Japan, the United States, and New Zealand may inherently possess a competitive edge. This advantage is primarily attributable to their geographical proximity and extensive experience in mitigating the distinctive challenges posed by local seismic conditions. Moreover, the competitive dynamics within specific regions are notably influenced by the prevailing local regulations and building codes in force.

For instance,

  • Sumitomo Metal Mining Siporex Co., Ltd, a company established in Japan, manufactures and sells equipment for controlling seismic vibration and isolation. SIPORIT, a seismic isolation system for buildings, and SICUBE, a seismic isolation system for bridges, are among the company’s offerings. In order to help clients, the corporation maintains a number of sales centers strategically positioned across the United States.

Find More Valuable Insights:

The research report analyzes the demand and trends of the global seismic protection device market. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.

As per Future Market Insights (FMI), the seismic protection device industry has been studied and segmented on the basis of product type (dampers, seismic joints, isolators), application (industrial, commercial, infrastructure), and regions. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

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Key Segments:

By Product Type:

  • Dampers
    • Fluid Dampers
    • Silicon/Friction Dampers
    • Steel Hysteresis Dampers (SHD)
  • Seismic Joints
    • Flexible Joints
    • Expansion Joints
  • Isolators
    • Base Plate Isolator
    • Elastomeric Isolators
      • Natural Rubber (NRB)
      • Lead Rubber (LRB)
      • Tin Rubber (TRB)
      • High Damping (HDR)
      • Screw Down Non-return Globe Valves (SDNR)
    • Slider
      • ESL
      • SL
      • CSL
      • SLR

By Application:

  • Industrial
    • Exploration and Refineries
    • Aviation
    • Power Generation
    • Others
  • Commercial
    • Hotels
    • Data Storage Centers
    • Healthcare Institute
    • Fire Response
    • Offices
  • Infrastructure
    • Bridges
    • Residential High Rise Building
    • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Russia & Belarus
  • Balkan & Baltic Countries
  • Central Asia
  • South Asia and the Pacific
  • East Asia
  • Middle East & Africa

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Global Revision Knee Replacement Industry Expected to Grow at a Rate of 4.1% CAGR to Reach US$2 Billion by 2032 | FMI

The Global Revision Knee Replacement Industry is to grow to US$ 1.3 billion by 2022. The revision knee replacement market is expected to reach US$2 billion by 2032, growing at a 4.1% CAGR.

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Global Revision Knee Replacement Industry: Overview

Global Revision Knee Replacement Industry is one of the most effective and widely used to relieve the pain of arteritis. Technological advancement in the knee replacement market such as minimally invasive implant materials and their success rate allow even the younger generation to undergo revision knee replacement.

The revision of knee replacement promotes technologies such as 3D-printed knee implants. The emerging Global Revision Knee Replacement Industry due to advancements in the technologies and new product launches. The manufacturing companies are raising their respective market share with the help of marketing activities and growing awareness among the people.

Revision knee replacement, also known as revision total knee arthroplasty, is a transformative procedure in which an already implanted artificial knee joint, or prosthesis, is replaced with a new prosthesis. This process also incorporates the use of bone grafts, which can either be autografts harvested from the patient’s body or allografts sourced from donors.

The primary objectives of revision knee replacement encompass relieving pain in the affected area, restoring the mobility of the patient, and addressing loose or damaged prostheses. While total knee replacement surgery is often successful, over time, various factors can lead to its failure, necessitating the need for revision knee replacement. This procedure shares the same overarching goals as its predecessor – relieving pain and improving functionality.

Revision knee replacement surgeries are more complex and take longer time and extensive planning and specialized implants and tools are required to achieve better results. There are various types of revision surgery. In certain cases, only implants or components are replaced. Other times all three components- tibia, femoral, and patellar need to be replaced, and the bone around the knee needs to be rebuilt with a metal piece or bone graft.

The major step in revision surgery is the removal of the old femoral component. After the removal of the metal shell in the femoral, the damaged bone is scraped off and the femur bone is reshaped. If the bone is weak, the cavity inside the femur is filled with bone grafts.

Global Revision Knee Replacement Industry: Drivers and Restraints

The revision knee replacement is expected to grow due to the increasing rate of old age diseases like obesity arthritis, sports-related injuries, osteoporosis, diabetes, and the aging population. However, existing and upcoming advancements in the technology in the revision knee replacement such as minimally invasive surgery and better implant materials are the factors that drive the Global Revision Knee Replacement Industry globally.

Increasing investment in the healthcare sector also drives the market of the revision knee replacement market. Despite the widely used procedures for curing disease, the Global Revision Knee Replacement Industry is facing challenges such as economic slowdown which is forcing patients to reconsider elective surgeries when conservative medical treatments such as viscosupplementation may ease the pain. High-cost surgery, and growing awareness for non-surgical treatment methods such as exercise, walking aids, and weight loss inhibit the market of the revision knee replacement market.

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Global Revision Knee Replacement Industry Key Companies Profiled:

  • Smith & Nephew Plc
  • Wright Medical Group, Inc
  • Zimmer Holdings
  • Biomet, Inc.
  • Exactech
  • Stryker Corporation
  • DePuy Companies, Inc
  • B. Braun Melsungen AG
  • DJO Global
  • Ortho Development
  • Limacorporate S.p.a.
  • SURGIVAL INTERNATIONAL
  • BEZNOSKA

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Global Revision Knee Replacement Industry Key Segments

By Product Type:

  • Three Compartmental
  • Uni-compartmental

By Fixation Type:

  • Cemented
  • cement less

By End User:

  • Hospitals
  • Orthopaedic and Prosthetic Clinics
  • Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fishing Reels Market Poised for Growth: Anticipated to Advance at a Compound Annual Growth Rate (CAGR) of 4.9% by 2033

Fishing Reels Market
Fishing Reels Market

In 2023, the global fishing reels market is estimated to be valued at US$ 5,894.3 million, with expectations to reach US$ 9,528.7 million by 2033. During the forecast period, the adoption of fishing reels is projected to advance at a CAGR of 4.9%.

Businesses are extending their market presence through e-commerce and digital platforms to connect with individual anglers and fishing clubs. The fishing reels market is projected to experience steady growth in the foreseeable future, driven by rising demand from recreational anglers across diverse environments.

The North American fishing reels market accounted for 30.0% of global sales in 2022. The United States is expected to contribute over three-quarters of sales in North America. The rising trend of recreational sports activities in the region can be attributed to the growing interest of the regional population in fishing.

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Companies that prioritize sustainability will gain a competitive edge and cater to the growing market segment of environmentally conscious anglers. Customization and personalization are gaining traction in the fishing reels market. Anglers seek reels that can be tailored to their specific needs and preferences, including adjustable drag systems, interchangeable handles, and spool options. Manufacturers that offer customization options will attract a loyal customer base.

In terms of design, compact and lightweight reels are becoming more popular, especially for anglers who prioritize mobility and convenience. Advancements in materials, such as carbon fiber and magnesium alloys, allow for stronger and lighter reel construction without compromising durability. The advent of social media and online platforms has opened up new marketing and sales channels for fishing reel manufacturers. Influencer marketing, user-generated content and direct-to-consumer sales provide opportunities to reach a wider audience and engage with customers on a more personal level.

Key Takeaways from this Market:

  • As per FMI, the United States is spearheading the growth across North America, accounting for nearly 22.8% of the market share in 2022.
  • Sales of fishing reels are expected to surge at 6.6% CAGR across China in 2022.
  • Germany is expected to account for 4.5% of the total market share in Europe.
  • As per Future Market Insights, the spinning reel segment is expected to dominate the product type with a market share of 47.7%.
  • As per FMI, the stainless steel segment is poised to expand at over 26.3% CAGR in 2022.

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“The fishing reels market is being driven by technological advancements, innovative designs, and a focus on enhancing the user experience for anglers,” – remarks an analyst at FMI.

How Key Players are Revolutionizing the Manufacturing of this Market?

Key players in the fishing reels market are revolutionizing the manufacturing process through innovative techniques and advanced technologies. They are investing in research and development to enhance product performance, durability, and user experience. Manufacturers are utilizing materials like carbon fiber, magnesium, and aluminum alloys to create lightweight yet robust reels.

Precision engineering, computer-aided design, and manufacturing techniques ensure smooth operation and increased casting distance. Integration of advanced features such as advanced drag systems, gear ratios, and ergonomic designs further enhance the functionality of fishing reels. Key players also focus on sustainability, incorporating eco-friendly materials and manufacturing processes. Overall, these advancements revolutionize the fishing reels market, offering anglers improved performance, durability, and a more enjoyable fishing experience.

Key Players in the Market:

  • SHIMANO INC.
  • Daiwa Corporation
  • Abu Garcia
  • NingBo HaiBao fishing tackle co., Ltd.
  • OKUMA FISHING TACKLE CO., LTD
  • The Orvis Company, Inc.
  • BPS Direct, L.L.C.
  • Tackle World
  • TICA FISHING TACKLE
  • BCF Australia
  • Pure Fishing, Inc. (Penn)

Product Portfolio:

  • Shimano Inc. offers a comprehensive range of cycling components and accessories, including drivetrain systems, brakes, wheels, pedals, and apparel. Their product lineup caters to various cycling disciplines, from road and mountain biking to urban commuting and e-bikes, ensuring high performance and reliability.
  • Daiwa Corporation specializes in fishing tackle and equipment. Their product portfolio includes fishing reels, rods, lines, lures, and accessories for both freshwater and saltwater fishing. With a focus on quality and innovation, Daiwa offers a diverse range of fishing gear to meet the needs of anglers at all skill levels.

More Insights Available:

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

To understand opportunities in the fishing reels market, the report is segmented on the basis of product type (spinning reel, baitcasting reel, spin-cast reel, fly reel and others (offshore, conventional, surf fishing, etc.), material type (stainless steel, aluminium, graphite and others (plastic, rubber, etc.), fishing type (freshwater fishing and saltwater fishing), by sales channel (direct sales, hypermarkets/ supermarkets, speciality stores, outdoor sports store, online retailers and other sales channel), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market Segmentation

By Product Type:

  • Spinning Reel
  • Baitcasting Reel
  • Spincast Reel
  • Fly Reel
  • Others

By Material Type:

  • Stainless Steel
  • Aluminium
  • Graphite
  • Others

By Fishing Type:

  • Freshwater Fishing
  • Saltwater Fishing

By Sales Channel:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Outdoor Sports Store
  • Online Retailers
  • Others

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Revolutionizing Technology: Spintronics Market Surges, Expected to Reach US$ 1.4 Billion by 2033

The spintronics market is projected to increase at an estimated 7.3% CAGR, with projected values of US$ 687.1 million in 2023 and US$ 1,394.2 million in 2033.

Large-scale data processing and storage have been transformed by spintronics technology, increasing market share. Furthermore, there is a great need for spintronics due to its usage in digital electronics, sensors, hard drives, and other applications.

Spintronics enables the production of semiconductors and energy-efficient memory storage devices by using electron spin rather than charge. Magnetic RAM (MRAM) is a well-known spintronics technology that provides a significant amount of store capacity and may someday replace conventional RAMs.

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Spintronics enables increased data storage and is considered a rising nanotechnology trend. The adoption of spintronics devices, driven by their superior performance and low power consumption, is predicted to expand the market, particularly in smart devices, IoT, and memory components.

Cost savings in manufacturing and continual research and initiatives are key drivers for market growth. However, challenges such as a lack of awareness among end users and an incomplete understanding of the technology, as well as the need for control over spin from a distance, may restrain the market.

Key Takeaways:

  • North America holds a 28.9% global share in the spintronics market, driven by its advanced technological infrastructure and strong investment in research and development.
  • Germany has emerged as a leading player, with government support and prominent companies involved in spintronics technologies.
  • India, with a CAGR of 10.4%, showcases potential for spintronics adoption, particularly in the automotive industry.
  • The United Kingdom exhibits a growth trajectory of 8.1% with its innovative startups, research institutions, and spintronic companies driving advancements.
  • Semiconductor-based spintronics holds a market share of 44.5%, benefiting from advancements in materials and device designs.
  • Hard disks and MRAMs account for a significant share of 29.8%, enabling high storage densities and improved energy efficiency.

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These trends highlight the global growth and applications of spintronics across various regions and categories.

Competitive Landscape 

The spintronics market is distinguished by increasing product penetration, limited product differentiation, and intense rivalry. Also, innovation is critical to gaining a competitive advantage. In recent years, certain important market participants, such as Avalanche Technology and Crocus Technologies, have obtained investment to further their product innovation. As a result, competitive rivalry is intense.

  • Renesas Electronic Corporation announced the development of circuit technology for an integrated spin-transfer torque magnetoresistive random-access memory (STT-MRAM) test chip with read and write operations produced on a 22-nm process in June 2022.
  • February 20, 2022 – The spin transport properties of nanoscale graphene-based electrical devices have been enhanced by researchers at the University of Manchester. The National Graphene Institute researchers created an extraordinarily high-quality graphene channel in partnership with Japan and internationally supported students from Ecuador and Mexico, eliminating interference or electronic doping by standard 2D tunnel interactions.
  • In September 2022, Avalanche Technology announced the availability of new High-Reliability Persistent SRAM (P-SRAM) memory devices manufactured on the 22nm manufacturing technology of UMC. Using Avalanche’s newest Spin Transfer Torque Magnetoresistive RAM technology, the third-generation product platform outperforms previous non-volatile solutions in terms of density, durability, reliability, and power.

Segmentation Analysis of the Spintronics Market

By Device Type:

  • Semiconductor Based Spintronics
  • Metallic Based Spintronics
  • Alloy Based Spintronics

By Application:

  • Magnetic Sensors
  • Hard Disks and MRAMs
  • Electric Vehicles
  • Quantum Computing
  • Others

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Kidney Stone Extraction Balloon Industry is Expected to Reach US$902.2 Million by 2032 at an Outstanding 6.5% CAGR | FMI

From 2022 to 2032, the Global Kidney Stone Extraction Balloon Industry is anticipated to grow at a compound annual growth rate (CAGR) of 6.5%, from US$ 450.5 million in 2022 to US$ 902.2 million by 2032. From 2016 to 2021, the CAGR was estimated to be 6%.

The rising incidence of kidney stones among the growing elderly population is responsible for the market’s expansion.

Kidney stone extraction balloons play a pivotal role by providing uniform and effective dilatation in the nephrostomy tract. Notably, the majority of these balloons are crafted from silicone, strategically designed to reduce friction between the balloon surface and internal body parts, ensuring optimal performance and patient comfort.

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A kidney stone extraction balloon is a surgical device intended for the expansion of ureteral strictures before the kidney stone extraction process via ureteroscopy. A kidney stone extraction balloon is composed of a balloon-like structure at the tip and is used for enlarging a narrow passage in the ureter or other related parts. The kidney stone extraction balloon is inserted in a deflated position and upon proper location, is inflated, and subsequently removed deflated.

The kidney stone extraction balloon is equipped with a guide wire that has to be placed in the ureter. In addition, followed by the dilation of stricture, the guide wire remains in position. The kidney stone balloon catheters are available based on the size of the balloon and shape. The inflation of the kidney extraction balloon is done with sterile water and air is often neglected as it may cause the balloon to float, and the presence of salinity in water may cause the deflation process to become complex due to the blockage in the inflation channel with crystals.

Global Kidney Stone Extraction Balloon Industry: Drivers and Restraints

The growth of the Global Kidney Stone Extraction Balloon Industry is generally driven by the increasing prevalence of kidney stones among the population. For instance, according to the estimates of the National Kidney Foundation (NKF) in the late 2000s, approximately one in ten people is suffering from kidney stones, nearly 8.8% of the total population is carrying kidney stones in the U.S. alone, and approximately 19% are men and 9% are women. In addition, other factors such as the rising incidence of high blood pressure, diabetes, and obesity in the general population, may increase the likelihood of developing kidney stones, and thereby, boost the growth of the kidney stone extraction balloon market.

However, factors such as the high cost of the instrument coupled with the high cost of the procedures are hampering the market growth of kidney stone extraction ballots. Furthermore, unfavorable reimbursement scenarios and scarcity of skilled professionals may result in impeding the growth of the Global Kidney Stone Extraction Balloon Industry.

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Kidney Stone Extraction Balloon Industry: Region-Wise Outlook

Geographically, the Global Kidney Stone Extraction Balloon Industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America is projected to hold the largest market share, followed by Western Europe, primarily due to the increasing prevalence of kidney stone disorders. In addition, rising awareness among physicians, and conducive reimbursement policies are driving the growth of the kidney stone extraction balloon market in these regions.

The market in Asia Pacific is also expected to grow at a higher rate owing to increasing R&D expenditure by the government, increasing health care insurance policies, and a large population base is fuelling the growth of the Global Kidney Stone Extraction Balloon Industry. However, regions such as Latin America, Eastern Europe, the Middle East, and Africa are expected to show stagnant growth during the forecast period owing to the lack of sophisticated healthcare infrastructure, and the dearth of skilled professionals.

Key Companies Profiled:

  1. C. R. Bard, Inc.,
  2.  Boston Scientific Corporation,
  3. Coloplast Ltd.,
  4. avascular SLU,
  5. Cook Medical, Inc.,
  6. Med Pro Medical B.V.,
  7. Teleflex Incorporated,
  8. NuAngle,
  9. many others.

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Key Segments Profiled in the Global Kidney Stone Extraction Balloon Industry

Global Kidney Stone Extraction Balloon Industry by Type:

  • Nylon Kidney Stone Extraction Balloon
  • Silicone Kidney Stone Extraction Balloon
  • Other Kidney Stone Extraction Balloon

Global Kidney Stone Extraction Balloon Industry by Filler:

  • Liquid Kidney Stone Extraction Balloon
  • Air Kidney Stone Extraction Balloon

Global Kidney Stone Extraction Balloon Industry by End User:

  • Kidney Stone Extraction Balloon in Hospitals
  • Kidney Stone Extraction Balloon in Ambulatory Surgical Centers
  • Kidney Stone Extraction Balloon in Dialysis Clinics

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube