Market Research Blog – Page 3408 – New Product Development

Global Sleep Apnea Devices Industry on Track to Reach US$20.4 Billion by 2033, Driven by a Remarkable 9.5% CAGR | Forecasts FMI

The Global Sleep Apnea Devices Industry is currently experiencing an unprecedented surge in growth, demonstrating remarkable resilience and sustained market demand. According to the latest market analysis, the industry is poised for a steady Compound Annual Growth Rate (CAGR) of 9.5% throughout the forecast period, reaffirming its position as a dynamic and high-growth sector

In 2023, the Sleep Apnea Devices Market has already solidified its presence, commanding a substantial market share valued at an impressive US$ 8.2 billion. Industry experts predict an exponential rise, forecasting a monumental market value of US$ 20.4 billion by 2033. This exceptional growth trajectory underscores the increasing global significance of both sleep apnea diagnosis and treatment

By the year 2032, the market is expected to achieve a significant milestone, with projections reaching US$ 14.94 billion. This robust expansion is further highlighted by a notable CAGR of 7.8% from 2022 to 2032, emphasizing the industry’s long-term sustainability and continued relevance

The escalating prevalence of sleep apnea and associated co-morbidities, coupled with a growing awareness of sleep disorders, stands as primary drivers fueling the overall expansion of the sleep apnea devices market.

Technological advancements are anticipated to propel the Global Sleep Apnea Devices Industry’s growth during the forecast period. Innovations in oral appliances, oxygen devices, and actigraphy systems have significantly enhanced the treatment outcomes and success rates for sleep disorders. Market players are directing their focus toward research and development to pioneer novel technologies, further contributing to the industry’s upward trajectory.

As the industry continues to evolve and thrive, stakeholders, investors, and healthcare professionals are urged to stay abreast of these transformative developments in the Global Sleep Apnea Devices Industry.

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Newly released lightweight, portable sleep apnea solutions are integrated with pressure-compensating sensors that can correct for altitude-related reductions in atmospheric pressure, enhancing their acceptance. Sleep apnea devices are becoming increasingly popular since they provide patients with more options and freedom. Thus, the adoption of technology-enabled sleep apnea devices for both diagnostic and therapeutic reasons in various sleep disorders is expected to skyrocket in the future years.

One of the key challenges impeding the adoption of sleep apnea devices is a lack of commitment to sleep apnea therapy. Positive airway pressure sleep apnea devices are highly recommended for treating a variety of sleep disorders. Despite their great effectiveness, these devices’ action efficacy is limited in certain circumstances because they require correct and frequent usage as well as ongoing medical monitoring.

In the medium term, this lack of adherence will be a key impediment to the expansion of the sleep apnea equipment market. However, in the long run, it will have little influence because sleep apnea device manufacturers are focusing on making their sleep apnea devices more technologically sophisticated and lowering the difficulties associated with their adherence to sleep apnea therapy.

The increased incidence of sleep disorders and related co-morbidities is predicted to considerably enhance Global Sleep Apnea Devices Industry revenue.

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The rapidly rising senior population suffering from sleep apnea and related health concerns has accelerated the need for sleep disorders diagnosis and treatment, which has favorably impacted the sleep apnea devices market revenue.

Global Sleep Apnea Devices Industry Key Takeaways:

By type, therapeutic devices account for the majority of the market for sleep apnea devices owing to the increasing adoption of sleep apnea therapeutic devices and improving reimbursement scenarios for these devices.
By end use, the home care settings segment is expected to grow at the fastest CAGR due to increasing patient and insurance company preference for home sleep testing, as well as a favorable reimbursement scenario for home sleep testing.
Due to the rising prevalence of elderly people with chronic diseases such as diabetes and obesity, the geriatric segment is expected to dominate the sleep apnea devices market, thereby spiking the sales of sleep apnea devices.
The direct tender segment is expected to dominate the Global Sleep Apnea Devices Industry since it provides high-quality and easily accessible sleep apnea devices to hospitals, diagnostic centers, ambulatory care centers, and specialty care centers.
During the forecast period, Asia Pacific is expected to advance at a rapid pace and experience huge demand for sleep apnea devices on account rising elderly population and an increase in the prevalence of lifestyle illnesses.

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“North America is projected to be at the forefront of the sleep apnea devices market due to the prevalence of expanding technological advancement in the region and major market players. On account of rising healthcare costs and well-established healthcare infrastructure, the obstructive sleep apnea syndrome segment in the United States of North America is expected to hold a large Global Sleep Apnea Devices Industry share.” says an FMI analyst.

Competitive Landscape:

The major sleep apnea devices market companies providing sleep apnea devices are ResMed, Itamar Medical Ltd., Natus Medical Incorporated, CONTEC MEDICAL SYSTEMS CO., LTD, Koninklijke Philips N.V., BMC Medical Co., Ltd., SomnoMed, Medicom MTD Ltd, Somnowell, Fisher & Paykel Healthcare Limited Compumedics Limited.

Many product launches and agreements are also being initiated by companies around the world, which is accelerating the Global Sleep Apnea Devices Industry opportunities.

Collaboration, award and recognition, business expansion, and joint ventures are enhancing the company market in the Global Sleep Apnea Devices Industry, which also augurs well for the sleep apnea devices market’s future trends.

Some of the recent developments in the Global Sleep Apnea Devices Industry are:

Cleveland Medical Devices Inc. has announced that the company’s SleepView Direct service has been recognized in an article published in Sleep Review Magazine. This improved the company’s product’s ability to reach a large number of customers worldwide.
Oventus Medical has entered into a partnership agreement with Aeroflow Healthcare to bring Oventus’ obstructive sleep apnea (OSA) treatment solutions, including O2Vent Optima, directly to consumers in the United States through sleep clinics.

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Global Sleep Apnea Devices Industry Key Segment:

By Product

Therapeutics
Airway Clearance Systems
Adaptive Servo-ventilation (ASV)
Positive Airway Pressure (PAP) Device
Oral Appliances
Oxygen Devices
Others
Diagnostics
Actigraphy Systems
Polysomnography (PSG) Device
Respiratory Polygraph
Sleep Screening Devices

By End User

Home Care Settings & Individuals
Sleep Laboratories & Hospitals

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.

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Global Organ Preservation Industry Sets Ambitious US$ 455 Million Goal by 2032, Fueled by Projected 6.4% CAGR | According to FMI report

In a groundbreaking revelation, the Global Organ Preservation Industry is poised for remarkable expansion, projecting a staggering value of US$ 455 million by the year 2032. This ambitious forecast, revealing a Compound Annual Growth Rate (CAGR) of 6.4%, is based on a comprehensive report by Future Market Insights Inc

The organ preservation sector plays a pivotal role in ensuring the viability of healthy donor organs for successful transplantation, marking a transformative milestone in medical breakthroughs. Organ transplantation has emerged as a beacon of hope, offering extended life to countless patients worldwide. However, the success of these procedures hinges on the meticulous preservation of donor organs

Among the emerging and crucial technologies in organ preservation, static cold storage (SCS) takes center stage. This method proves to be instrumental in safeguarding the health of donor organs by preventing toxic metabolites from causing damage to the tissues. SCS facilitates the preservation of normal organ function post-transplantation, significantly enhancing the overall success rates of transplant procedures.

Global Organ Preservation Industry Overview:

The act of keeping healthy organs after they have been removed from donors’ bodies is known as organ preservation. Without causing much harm, organs are removed from the donor’s body, transported, and then transplanted into the body of the recipient. The results of this study indicate that the adoption of organ preservation is directly impacted by the increased prevalence of chronic illnesses.

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Organ preservation for transplantation has a strong influence on donor organ quality, which has a direct impact on a patient’s morbidity and survival rates following transplantation. One of the major factors driving the growth of the organ preservation solutions market is the increasing prevalence of chronic illnesses, as well as the world’s growing elderly population.

Because of the increasing number of organ failures caused by diabetes, cardiovascular diseases (CVDs), obesity, and other serious medical problems, static cold storage organ preservation treatments are becoming more common. Innovative and sophisticated organ preservation strategies, such as NMP, act as a growth-inducing agent.

In clinical and experimental research, such strategies help to reduce the risk of reperfusion damage after transplantation and improve static cold storage organ preservation results. Furthermore, an increasing number of government and non-government regulations and activities to encourage organ donation are positively impacting the growth of the organ preservation solutions market.

The growing number of people who volunteer to donate their organs for transplantation and research is also propelling the market forward. Other factors, such as increased R&D and significant developments in the Global Organ Preservation Industry, are expected to significantly contribute to market expansion.

Global Organ Preservation Industry Key Takeaways:

A preservation injury occurs when the liver no longer functions. A liver transplant, also known as a hepatic transplant, has the potential to save someone’s life. A liver transplant may also be recommended by a doctor to a patient who has reached the end stage of liver disease.
Individuals who received a liver transplant had an 89% chance of survival after one year, according to an article published in the American Journal of Transplantation. The growing need for organ transplantation is propelling the Global Organ Preservation Industry across the board.
According to the American Transplant Foundation, approximately 114,000 people in the United States are currently on the waiting list for a life-saving organ transplant. Every day, on average, 20 people die due to a lack of available organs for transplantation.

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Competition Analysis:

The Global Organ Preservation Industry is dominated by companies such as Paragonix Technologies (US), XVIVO Perfusion AB (Sweden), Dr Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals, LLC (US), TransMedics (US), OrganOx Limited (UK), 21st Century Medicine (US), Bridge to Life Limited (US), Waters Medical Systems (US), Preservation Solutions (US), Carnamedica (Poland), Transplant Biomedicals (Spain), Institut (Netherlands).

Key Segments Covered in the Global Organ Preservation Industry Study:

By Solution:

University of Wisconsin Solution (UW Solution)
Custodial HTK
Perfadex
Other Solutions

By Technique:

Static Cold Storage
Hypothermia Machine Perfusion
Normothermic Machine Perfusion

By Organ Type:

Kidney
Liver
Long
Heart
Pancreas

By End User:

Organ Transplant Centres
Hospitals
Specialty Clinics

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Author

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.

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Global Glaucoma Treatment Industry Aims for US$ 8 Billion by 2033, with FMI projecting a steady 3.2% CAGR growth

The Global Glaucoma Treatment Industry, currently valued at US$ 5.7 billion as of the end of 2022, is poised for substantial growth. Projections indicate a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2023 to 2033. By the end of 2033, the market is expected to reach a value of approximately US$ 8.0 billion

The prevalence of glaucoma among the elderly population is a concerning trend. As the geriatric demographic is increasingly affected by glaucoma, the surge in screen time—particularly on smartphones and laptops—has been identified as a contributing factor. According to the International Agency for the Prevention of Blindness, in 2018, 1.9% of the US population aged 40 and above suffered from glaucoma, reaching a staggering 80 million in 2020. This spike is attributed to the enforced lockdowns during the global pandemic

However, the glaucoma treatment market faces challenges, with drug recalls becoming more commonplace. Notably, Allergan’s recall of 7 lots of Combigan and Lumigan due to regulatory standards non-compliance has raised concerns. These incidents may instill skepticism among end-users regarding drug usage for glaucoma treatment, potentially leading to a higher preference for glaucoma surgeries.

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Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Glaucoma Treatment Market’. It has a dedicated team of analysts and consultants to execute with a 360-degree view along its line of macros and micros.

“With benevolence regarding a slow progressing eye disorder called ‘glaucoma’, the global glaucoma treatment market is expected to grow at a noticeable rate shortly”, says an analyst from Future Market Insights.

Key Takeaways from the Global Glaucoma Treatment Industry

North America holds a sizable market share with the US being subject to growing awareness about the importance of eye care/associated treatments and diagnoses. As per the BrightFocus Foundation, over 3 Million Americans have contracted glaucoma, that too, with open-angle glaucoma being amongst the frequent types.
Europe stands second with Germany leading from the front. This could be reasoned with close to 500K people in Germany suffering from intraocular pressure. Plus, 10% of them hold the risk of going blind. It needs to be noted that acute glaucoma could strike any age group, but, with time, women turn out to be all the more vulnerable as compared to men.
The Asia-Pacific is expected to grow at a rapid pace in the glaucoma treatment market shortly with India witnessing the development of micro-invasive glaucoma drainage implants; which do offer a less intrusive and safer means to reduce IOP (intraocular pressure) in comparison with standard glaucoma surgery devices.

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Global Glaucoma Treatment Industry Competitive Analysis

Senju Pharmaceutical Co., Ltd., in December 2019, announced the launch of AIBETA, a combination drug for managing hypertension and glaucoma in Japan.
AbbVie Inc., in May 2020, did complete Allergan plc’s strategic acquisition. It has facilitated the former to portray itself as a leader in the glaucoma treatment market.
Aerie Pharmaceuticals, in December 2021, inked a partnership with Santen Pharmaceuticals for developing and marketing Rocklatan/Roclanda and Rhopressa/Rhokiinsa all over Oceania, India, Europe, China, and LATAM.
Teva Pharmaceuticals, in March 2021, did announce the very first generic version of AZOPT (brinzolamide ophthalmic suspension) 1% for treating open-angle glaucoma along with ocular hypertension.

Global Glaucoma Treatment Industry Key Companies Profiled:

AERIE Pharmaceuticals, Inc.
Cipla Inc.
Akorn Operating Company LLC
AbbVie
Bausch & Lomb Incorporated
Inoteck Pharmaceuticals
Merck & Co., Inc.
Novartis AG
Pfizer Inc.
Santen Pharmaceutical Co., Ltd.
Teva Pharmaceutical Industries Ltd.

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What does the Report treat?

The research study is based on disease type (open-angle glaucoma, angle closure glaucoma, and others), by drug class (prostaglandin analog, beta-blockers, adrenergic agonist, carbonic anhydrase inhibitors, and likewise), and by distribution channel (hospital pharmacy, retail pharmacy, and online pharmacy).
With glaucoma resulting in one of the most commonly occurring ophthalmic disorders, the global glaucoma treatment market is bound to grow on a remarkable note shortly.

Key Market Segments Covered in Global Glaucoma Treatment Industry Research

By Disease Type:

Open Angle Glaucoma
Angle Closure Glaucoma
Other

By Drug Class:

Prostaglandin Analog
Beta Blockers
Adrenergic Agonist
Carbonic Anhydrase Inhibitors
Others

By Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Author

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.

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Global Turbidimeter Market Eyes Beyond US$ 952.1 Million by 2029, Driven by a Steady 4.0% Value CAGR, Highlights FMI

The global turbidimeter market is poised for substantial growth, projected to surpass a valuation of US$ 952.1 million by 2029. With an initial year-end valuation of approximately US$ 641.8 million in 2022, reflecting a robust growth rate of 5.6%, this marks the onset of a progressive trajectory.

Future Market Insights (FMI) forecasts a steady Compound Annual Growth Rate (CAGR) of 4.0% over the seven-year period from 2022 to 2029, signaling sustained expansion. Industries emphasizing precision, texture, and adherence to stringent cleanliness standards, notably in sectors such as food, beverage, and chemicals, underscore the critical importance of product quality. Moreover, as regulatory standards for water quality become increasingly stringent, there is a rapid uptick in demand for various types of turbidimeters to ensure compliance.

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FMI’s insights also shed light on the geographic distribution of this market. North America is expected to take the lead, driven by a higher concentration of water treatment plants in the region. Meanwhile, Europe boasts a substantial share as well, surpassing North America in the Global Turbidimeter market. Together, these two regions are projected to collectively hold a revenue share of 41% in the global market by the conclusion of 2029.

This data underscores the critical role that turbidimeters play in a world where the purity and quality of water are paramount. As industries continue to prioritize adherence to rigorous quality standards, the turbidimeter market is set to play an increasingly vital role in ensuring that products and processes meet the highest standards of cleanliness and purity, safeguarding both consumers and the environment.

Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.

Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.

Key Takeaways – Turbidimeter Market Study:

Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.

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Key Players Profiled:

Thermo Fisher Scientific Inc.
Danaher (Hach) Corp
Emerson Electric Co
Xylem Inc.
METTLER TOLEDO
Merck KGaA
PCE Instruments
Hanna Instruments Inc.
Tintometer Inc.
LaMotte Company

Market Segmentation:

By Portability Type:

Handheld
Stationary

By Application:

On-field
Off-field

By End Use:

Wastewater Treatment
Chemical & Materials
Oil & Gas
Pharmaceutical
Pulp & paper
Food & Beverages
Research & Academia
Others

By Region:

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

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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The market for night vision surveillance cameras is expected to grow at a robust 22.3% compound annual growth rate (CAGR) from US$ 108.9 billion in 2022 to US$ 812.2 billion by 2032.

Night Vision Surveillance Cameras Market

The market for night vision surveillance cameras is expected to develop at a stable compound annual growth rate (CAGR) of 22.3% between 2022 and 2032. This indicates that the market is positioned for impressive growth. It is anticipated that this booming business would have a significant increase in market share, rising from US$ 108.9 billion in 2022 to an astounding US$ 812.2 billion by 2032.

It is significant to note that the market for night vision surveillance cameras grew at a faster rate of 24.4% during the preceding five years (2016–2021), reaching a value of US$ 84.7 billion in 2021. The industry for night vision security cameras has been supported by manufacturers’ increasing spending in research and development, which is responsible for this extraordinary rise.

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The development of Coronavirus has influenced the store network and circulation of night vision surveillance cameras, smothering night vision surveillance cameras market development.

Savvy night vision surveillance cameras are fit for identifying, perceiving, investigating, and following people, vehicles, and items. It could be tweaked by changing settings like article size and responsiveness. Accordingly, the utilization of brilliant night vision surveillance cameras is growing nowadays.

Because of the expanded acknowledgment of organization cameras in business and private applications, night vision surveillance camera arrangements are probably going to be executed at a fast rate all through the estimate period. Furthermore, expanded R&D speculations by producers are moving the night vision surveillance camera market extension.

Manufacturers of night vision surveillance cameras can focus on increasing their R&D expenditure in order to offer solutions that incorporate sophisticated technology such as video analytics, facial recognition, and theft detection.

One of the reasons impeding the growth of the night vision surveillance camera market in South Asia and Latin America is the high price of the device. Furthermore, data storage issues for night vision surveillance cameras are impeding the night vision surveillance camera market expansion.

Due to high product awareness and retail availability of night vision surveillance cameras, the U.S. is expected to hold a significant share of the night vision surveillance camera.

Rising security breaches and rising reliance are driving up demand for night vision surveillance camera in nations such as the United States and Canada. The central governments of the United States and Canada are turning to night vision surveillance camera to improve security across public applications.

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To maintain a consistent income flow, players in the night vision surveillance camera market are focusing on product expansion and business collaboration. In comparison to the other regions, the Asia Pacific and North American regions are likely to present significant potential for companies in the night vision surveillance camera market.

KEY TAKEAWAYS:

In the type sector, PTZ (Pan, Tilt and Zoom) from the night vision surveillance camera market are anticipated to flourish at the quickest CAGR of 22.0%.
With a CAGR of 21.6%, public sector and defence are predicted to grow significantly in the end-use application sector of the night vision surveillance camera market.
The market size fornight vision surveillance camera market in the United States is expected to reach US$ 195.4 Billion by 2032, growing at a CAGR of 21.3% during the research period.
China is anticipated to reach a market sizeof US$ 52.6 billion in Night vision surveillance camera by 2032, with a CAGR of 20.7% during the research period.
Australia’s Night vision surveillance camera market is anticipated to be worth US$ 25.8 Billion by 2032, with a CAGR of 19% over the forecast period.
Japanis expected to have a market size for Night vision surveillance camera of US$ 25.3 Million by 2032, with a CAGR of 19.1% during the research period.
By 2032, South Africais expected to reach a market size of US$ 5.6 Billion in night vision surveillance camera, with a CAGR of 18% during the research period.

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COMPETITIVE LANDSCAPE:

Hangzhou Hikvision Digital Technology Co Ltd., Canon Inc., Bosch Security Systems, Inc., Honeywell International Inc., Panasonic Corporation, Dahua Technology Co., Ltd., Pelco, Sony Corporation, Samsung, Cisco Systems, and others are among the prominent competitors in the night vision surveillance camera market.

The increased emphasis on distribution channels and advice via social media applications is likely to boost growth of the leading players in the night vision surveillance camera market.

RECENT DEVELOPMENT:

Thermoteknix Systems Ltd. debuted its innovative TiCAM 1000C Biocular Target Locator System at the Security & Policing security event in February 2019. It is a portable camera used for observation, surveillance, and security. It is also appropriate for low-light situations and inclement weather.
Thales Group announced the co-development of ELFIE night vision devices with Indian armed force producer MKU ltd in February 2019. ELFIE will provide convenient mobility as well as night warfare The night vision devices may be used with either a helmet or a weapon, and it is suited for both left and right eyes.

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.

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Global Interventional Radiology Industry to Witness Unprecedented Expansion; FMI Report Predicts a Staggering US$ 42.7 Billion Market by 2032

The Global Interventional Radiology Industry is poised for a remarkable surge, with projected growth from US$ 24.9 billion in 2021 to a staggering US$ 42.7 billion market by 2032. Based on insights from Future Market Insights (FMI), this exclusive analysis indicates a Compound Annual Growth Rate (CAGR) of 5% during the forecast period

The escalating demand for advanced treatment methods, utilizing cutting-edge scanners and X-ray vision technology, is a response to the rising prevalence of numerous chronic diseases worldwide. The interventional radiology glasses and equipment market has experienced substantial growth in recent years, driven by their capability to not only facilitate efficient disease treatment but also enhance opportunities for early diagnosis

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The necessary impetus for the rapid growth of interventional radiology, which is visible in emerging nations as well, has been provided by the introduction of interventional radiology in all levels of healthcare facilities. As the non-emergency medical services were abruptly halted during the outbreak of Covid-19 in Mandeville in 2020 it had some negative impacts on the growing demand for interventional radiology devices installations.

However, with the later discovery of the seriousness associated with co-morbid diseases the Global Interventional Radiology Industry surged with rising introduction of interventional radiology in new healthcare and medical facilities. In the post-pandemic years the application of radiology equipment has grown favouring the interventional radiology service providers. Several devices equipped with modern technologies such as X-ray systems, MRI Scanners, CT Scanners and other type of medical imaging equipment have dominated the health care sector in recent days.

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Global Interventional Radiology Industry Key Takeaways

By 20221, Cardiology Segment was valued at US$ 7.7 Bn in terms of revenue contributed the global interventional radiology market.
The Gastroenterology segment is poised to record a higher growth projection during the forecast years reaching a value of more than US $ 2 Bn by 2028.
Among several procedures angioplasty segment will expected to grow at a CAGR of 5.8% during the forecast period.
US market dominates the interventional radiology for medical students having a net worth of more than US$ 8 Bn.
In Europe, Germany is the prominent region for the interventional radiology market players valued at US$ 1.5 Bn in terms of revenue generated.

Global Interventional Radiology Industry Competitive Landscape

Carestream Health Inc., Hologic Inc., GE Healthcare, Fujifilm Corporation, Samsung Healthcare (Samsung Electronics Co., Ltd.), Shimadzu Corporation, Siemens Healthineers, Canon Medical Systems Corporation, and Olympus Corporation are some of the prominent players of the global interventional radiology market covered by the market analysis report.

A large number of local players have occupied the market by supplying equipment related to interventional radiology for medical student’s requirements.

In the field of ultrasound, digital radiography and computed tomography Samsung Healthcare, a subsidiary of Samsung Electronics Co., Ltd, launched a premium product for diagnostic imaging solutions in December 2020. This initiative for ultrasound-guided interventional procedures carried out at Radiology Society of North America (RSNA) 2020 assisted the company in expanding its product portfolio in North America and beyond.

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Canon Medical launched an upgraded product under the Aquilion ONE/PRISM Edition by the name of One-Beat Spectral Cardiac CT in November 2020. THE Aquillion Edition assisted with deep learning spectral capabilities is a major development in the field of cardiac exams and after interventional radiology glasses.

GE Healthcare division of General Electrical Company launched an advanced ultrasound system by the name of LOGIQ E10 in March 2018. This system has been equipped with comprehensive tools that can provide treatment for a wife range of diseases and remote control applications to improve efficiency.

Global Interventional Radiology Industry Key Segments

By Product:

MRI Systems
CT Scanners
Ultrasound Imaging Systems
Angiography Systems
Others

By Procedure:

Angioplasty
Biopsy
Embolization
- Peripheral Embolization
- Prostatic Artery Embolization
- Genicular Artery Embolization
- Fibroid
- Others
Thrombolysis
Vertebroplasty
Nephrostomy
Interventional Oncology
MSK Intervention
Others

By End User:

Hospitals
Clinics
Ambulatory Surgical Centres
Others

By Application:

Cardiology
Oncology
Urology
Gastroenterology
Obstetrics
Gynaecology
Others

Author

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.

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Contact Us:

Nandini Singh Sawlani

Global Oil & Gas Valves Market Anticipates US$ 15,897 Million Valuation by 2029, Empowered by Steady 3.5% CAGR

The global oil and gas valves market has reached a significant milestone, surpassing US$ 12,517 million by the conclusion of 2022, with promising growth trajectories anticipated. Projections indicate a commendable Compound Annual Growth Rate (CAGR) of 3.5% from 2022 to 2029, resulting in an impressive valuation of US$ 15,897 million.

The catalyst behind this notable progress stems from the integration of smart technologies within oil and gas valves. These advanced systems are intricately designed to monitor critical process variables such as downstream and upstream pressure, stem position, flow rate, and temperature. The infusion of intelligence and connectivity into valve technology is poised to revolutionize the industry, promising heightened efficiency, safety, and control.

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As the oil and gas sector continues to evolve, the adoption of smart technologies is seen as a game-changer. It not only optimizes operations but also contributes to cost savings, reduces downtime, and enhances overall productivity. The ability to remotely monitor and control valve performance in real-time represents a significant leap forward in the industry’s pursuit of operational excellence.

Emerging Economies Drive Global Oil & Gas Valves Market Growth:

The escalating demand for energy and a multitude of upcoming oil and gas projects in the pipeline are propelling the growth of the oil & gas valves market in developing nations. Among the various regional markets, North America’s oil & gas valves market is projected to maintain a share of more than one-fourth of the global market throughout the forecast period. This can be attributed to ongoing advancements in the North American oil & gas and shale sectors.

In the Middle East & Africa, the oil & gas valves market is anticipated to secure the second-largest market share, driven by the thriving oil & gas industry in Western African and Northern African countries.

China, India, and Brazil are marked as emerging markets in the oil & gas valves industry, owing to escalating energy demands, the initiation of new oil & gas projects, improved economic conditions, and ongoing trends of industrialization and urbanization.

The oil & gas sector is characterized by fierce competition, given the substantial presence of established industry players. Consequently, the oil & gas valves market exhibits a fragmented landscape. The prominent market players in this field have firmly established their foothold across various regional markets.

Competition in the Global Oil & Gas Valves Market:

Major players in the global oil & gas valves market are actively working to expand their influence by implementing strategies like introducing new products, establishing new facilities, and acquiring local smaller players. For example,

In November 2018, Baker Hughes, a multinational industrial service company based in the US, announced the successful establishment of a new steam test facility in Naples, Italy. This facility is dedicated to testing and manufacturing a comprehensive range of masoneilan control valves and consolidated safety valves. This move is aimed at enhancing the company’s presence and impact in the European market.

Key Players:

Emerson Electric Co.
CIRCOR International Inc.
Schlumberger Limited
PARKER HANNIFIN CORP
Weir Group Plc.
Metso Corporation
BAKER HUGHES
Others

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Market Segmentation:

By Product Type:

Gates
Globes
Balls
Butterflies
Checks
PRVs
Others

By Size:

0.25 to 8 inches
8 to 20 inches
Above 20 inches

By Body Material:

Cast
Forged

By Application:

Upstream
Midstream
Downstream

Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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 Diabetic Shoes Industry Expected to Soar to US$ 16.0 Billion by 2033, Driven by a Solid 6.4% CAGR | FMI

The Global Diabetic Shoes Industry is estimated to be worth US$ 8.6 billion in 2023, and it is poised to soar to an impressive US$ 16.0 billion by 2033. During the forecast period, the sales of diabetic shoes are expected to expand at a substantial CAGR of 6.4%

This growth is driven by several factors, including the rising prevalence of diabetes and increased public awareness of this chronic illness. As market trends evolve, both the industry and the market are anticipated to experience significant growth in the coming years

Most people in the world are affected by Type 1 and Type 2 diabetes. Problems including neuropathy, loss of feeling, and numbness in the foot are brought on by high blood sugar levels. To prevent foot complications in a diabetic condition, proper foot care is crucial. Due to this high occurrence, medical professionals advise patients to wear diabetic shoes. Additionally, online merchants encourage their customers to purchase these shoes over other types of footwear by emphasizing their optimum effectiveness.

Diabetic shoes are a helpful addition to a healthy diet, an active lifestyle, and the right medications for managing diabetes.

The therapeutic shoes’ exceptional comfort, added depth, flexibility, and lightweight qualities, as well as their availability in attractive designs and colors, all contribute to the expansion of the Global Diabetic shoe industry.

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Key Takeaways from Global Diabetic Shoes Industry Study:

Based on product type, dress shoe leads the segment with a growth rate of 6.4%. The growing working-class population and the rising demand for trending designs that suit consumer outfits would serve as growth factors.
Women are more prone to diabetes due to their high SHBG levels. Growing awareness among women to maintain their physique and health would lead them to be the top end-users and lead the segment with a growth rate of 5.8%
The segment of online retailers is predicted to expand at a phenomenal CAGR of 10.8% throughout the projected period in terms of the sales channel. The segment’s expansion can be attributed to consumers’ increasing preference for online shopping.
The United States leads the market with a revenue share of US$ 5.7 billion. The population in the United States is more concerned about their health and hygiene, which leads them to spend highly on healthcare solutions.
China is among the most lucrative countries in the region, contributing a CAGR of 5.8% by 2033. The growing geriatric population is a crucial factor supporting the growth. Investments from various key businesses in the region are likely to serve as a potential opportunity for the market to grow.

Global Diabetic Shoes Industry Competitive Landscape:

To grow their company internationally and gain a competitive edge in the global diabetic shoes market, top diabetic shoe manufacturers have implemented a variety of organic and inorganic strategies, including new product launches, mergers, partnerships, acquisitions, the strengthening of online sales channels, and the establishment of new manufacturing facilities.

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Latest Developments in the Global Diabetic Shoes Industry :

The development of smart footwear was revealed by Sensoria Health and Optima Molliter at the International Consumer Electronics Show (CES) in January 2018. Motus Smart footwear was unveiled by Microsoft, Optima Molliter, and Sensoria Health later in October 2019.
Orpyx SI sensory insoles were introduced in December 2019 by Orpyx Medical Technologies Inc., a leader in digital health therapies. These insoles may inform patients in real-time and enable them to take action against high-pressure foot areas that could cause tissue breakdown.
New diabetic footwear from Von Wellex, Germany was introduced in 2021, a footwear that can reduce the possibility of foot issues.

Global Diabetic Shoes Industry Key Companies Profiled

Asics, Drewshoe, Incorporated, O
rthofeet Inc.,
DARCO International, Inc.,
Clearwell Mobility Company,
Supad, Aetrex Worldwide, Inc.,
Gravity Defyer Corp.,
Kinetec Medical Products Ltd,
Horng Shin Footwear Co.,
Watts Footwear, DJO, LLC
(Dr. Comfort),
Advance Diabetic Solution,
Zen Products, Inc.,
Sensoria Health

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Key Segments Covered in the Global Diabetic Shoes Industry Report

By Product Type:

Dress Shoes
Running Shoes
Strolling Shoes
Others

By Patient Type:

Outpatient
Inpatient

By End User:

Men
Women

By Width:

Narrow
Medium
Wide
Others

By Sales Channel:

Direct Sales
Footwear Specialty Stores
Medical & Healthcare Centers
Online Retailers
Mono-brand Stores
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

Author

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)

Contact Us:

Nandini Singh Sawlani

Global Contact & Convective Dryers Market Gears Towards US$ 252.4 Million by 2029, Propelled by a Steady 3.4% CAGR

The global market for contact and convective dryers is on a robust trajectory, with Future Market Insights (FMI) projecting a valuation exceeding US$ 252.4 million by 2029. This sector demonstrates consistent advancement, characterized by a commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2029, predominantly propelled by the increasing adoption of contact and convective dryers, notably within the food and beverages industry.

Contact and convective dryers have become integral assets, particularly in the realm of food and beverages, where efficient and precise drying processes are imperative. These dryers play a crucial role in maintaining product quality, reducing moisture content, and extending the shelf life of various food and beverage products. With the industry witnessing ongoing evolution and diversification, the reliance on these dryers is anticipated to intensify, thereby fortifying the overall market landscape.

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FMI Study Identifies Industrial Drying’s Vital Role in Fueling Contact and Convective Dryers Market Growth:

Industrial drying, a cornerstone in safeguarding product quality, has emerged as a pivotal catalyst propelling the expansion of the contact and convective dryers market, as revealed by the comprehensive study conducted by FMI. Within the intricate landscape of unit operations, industrial drying takes a prominent position, fueled by the relentless pursuit of “operational efficiency” across end-user industries.

The FMI study underscores the significance of contact and convective dryers, particularly in their capacity as intermittent drying equipment. In the journey ahead, these dryers are slated to occupy a central role in 2022 and beyond. Their pivotal function lies in addressing fundamental drying prerequisites, priming products for subsequent intricate drying stages. Nonetheless, manufacturers are poised to grapple with challenges including limited installation rates and a low replacement ratio, intricacies that underscore the delicate equilibrium within the contact and convective dryers market.

Key Takeaways from the Global Contact & Convective Dryers Market Insight:

Steady Demand Growth: The global contact & convective dryers market experienced a consistent demand surge, achieving a notable 2.9% compound annual growth rate (CAGR) during the assessment period from 2014 to 2021.
Functional Excellence: These dryers, essential in industrial operations, play a pivotal role by supplying essential heat for evaporation and moisture removal. Their distinct attribute lies in delivering uniform and dependable heating throughout the vessel, significantly enhancing end product quality and durability.
Enhanced Application Scope: As intermittent drying equipment, contact & convective dryers are harnessed across diverse sectors including food & beverage, chemicals, metallurgy, pharmaceuticals, and manufacturing. This versatility stems from their efficacy in reducing moisture and facilitating product curing.
Emerging Economic Drivers: The thriving chemical and pharmaceutical industries, notably in burgeoning economies such as China and India, are instrumental in propelling market demand. This growth trend paves the way for a projected 3.4% CAGR from 2022 to 2029, signaling sustained expansion for the global contact & convective dryers market.

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Key Companies Profiled in Report:

Andritz-Gouda B.V.
GEA Group AG
FLSmidth
ThyssenKrupp AG
Meter Group, Inc
Others

Key Segments Covered:

By Product Type:

Contact
Convective

By Orientation:

Horizontal
Vertical

By Application:

Pharmaceuticals
Metallurgy
Food & Beverages
Chemicals
Auxiliary Manufacturing

By Region:

North America
Europe
Latin America
South Asia
East Asia
Middle East & Africa (MEA)

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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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Industrial Robot Controller Market Predicted to Outstrip US$ 1,657.1 Million by 2029, Empowered by Remarkable 8.9% CAGR

The global industrial robot controller market is poised for significant advancement, with a robust Compound Annual Growth Rate (CAGR) of 8.9% projected from 2022 to 2029. Future Market Insights (FMI) anticipates this trajectory to drive substantial expansion, culminating in a notable valuation of US$ 1,657.1 Million.

FMI remains dedicated to delivering a comprehensive analysis of the market’s evolving dynamics, offering valuable insights into recent trends and enduring factors shaping the growth landscape. The forecasted growth of the industrial robot controller market underscores its pivotal role in the progressive realm of industrial automation, highlighting the industry’s dedication to innovation and operational efficiency.

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Industrial Robot Controller Market Poised for Strong Growth Fueled by HMI Adoption and Industry Demand:

The global industrial robot controller market is poised for substantial growth during the forecast period, driven by the increasing adoption of Human Machine Interaction (HMI), the integration of data and cloud capabilities enhancing hardware control, and the optimization of industrial robot costs. This growth has been reinforced by significant expansions in the automotive and electronic & semiconductor sectors, both of which are key demand generators in the industrial robotics landscape.

The findings of the report also suggest that the global commercial robot controller market is on track for significant expansion during the forecast period, propelled by the rising adoption of HMI, data and cloud capabilities boosting hardware control, and the drive to optimize industrial robot costs. Once again, the robust growth in the automotive and electronic & semiconductor industries serves as pivotal contributors to the demand within the industrial robotics landscape.

East Asia’s Industrial Robot Controller Market Poised for Substantial Growth:

Recent studies indicate that South Korea remains a leading nation in terms of the robot-to-employee ratio, while China is anticipated to experience remarkable growth. India, with its rapidly growing economy, is also expected to contribute significantly to the industrial robot controller market, as the country’s industrial ecosystems undergo significant transformations.

Japan holds a significant share in the industrial robot controller market due to its high level of automation adoption. The swift shift towards robotic automation in these countries is creating fresh opportunities for the adoption of robotic controllers, thus establishing East Asia as a highly attractive region for industrial robot controller market participants.

Convergence of Software-Based Technological Advancements and Cost Optimization:

Key players within the industrial robot controller market are well-positioned to capitalize on the increasing readiness of industrial ecosystems for the upcoming “fourth industrial revolution” and its consequent impacts. Smart components and software solutions, including sensors and controllers, are anticipated to define the future of automation, with industrial robot controllers serving as a pivotal component for robot manufacturers, as they are essential in governing all electromechanical systems.

In the forthcoming years, a growing trend in human-machine interaction is expected to bring robots and human operators closer together, simultaneously bridging the gap between robots and their control systems.

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Key Players:

Stäubli International AG
Mitsubishi Electric Corporation
OMRON Corporation
DENSO Wave Incorporated
SEPRO Group
WAGO
Pilz GmbH & Co. KG
Motion Controls Robotics Inc.
NexCOM Inc.
Wynright Corporation
KUKA AG
Yaskawa Electric Corporation,
ABB
YAMAHA Robots
FANUC CORPORATION
Toshiba Machine Co. Ltd.

Market Segmentation:

By Axis Type:

Single Axis
Four Axis
Six Axis
Other Axis

By Robot Type:

SCARA Robot
Delta Robot
Cartesian/Gantry Robot
Articulated Robot
Collaborative Robot
Dual Arm Robot

By Region:

Americas
EMEA
South Asia & Pacific
East Asia

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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