Hair Extension Market: Projected to Increase at a CAGR of 6.3% by 2033, Unveiling Trends and Growth Opportunities in the Beauty Industry

Hair Extension Market
Hair Extension Market

In 2023, the hair extension market is expected to reach a value of US$2,721.8 million, up from US$2,573.9 million in 2022. Market growth is forecasted to achieve a 6.3% CAGR between 2023 and 2033, with the hair extension market projected to be valued at US$5,000.2 million by the end of the forecast period.

For some people, hair loss issues are just something that happens naturally. Issues like thinning hair, bald spots and other causes of losing hair are making people look for answers. Hair extensions are becoming one of the most liked ways to solve this problem. Hair extensions are better than drugs and surgery for hair growth. They have less side effects, cost less money compared to surgery.

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Hair extensions are also becoming famous as a style trend. The growing range of hair extensions is very important for increasing the use of products. Different types of hair extensions like wavy, curly, and smooth ones help make the product more varied. These include silky hair too. Different colored hair extensions are also good for the market.

People in the market want real products. So, Remy hair extensions are becoming very popular. To help make things real, makers are getting hair from Vietnam and India. In North America, it’s clear that many people buy hair from places in Asia. Hair extensions are starting to look more and more real.

“The fashion industry has a key role in the hair extension market. Companies seek celebrity endorsements to influence the younger crowd. Various fashion trends in hair are also achievable through hair extensions. Companies in the hair extension market have the opportunity to expand their reach of the products through collaborations with fashion influencers,” Opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Hair Extension Market Trends:

  1. Increasing Popularity: The hair extension market is witnessing a surge in popularity globally, driven by a growing desire for versatile hairstyles and aesthetic enhancements among individuals of all ages and backgrounds.
  2. Technological Innovations: Advancements in technology have revolutionized the hair extension industry, leading to the development of more natural-looking and durable products. Innovations such as tape-in extensions, clip-ins, and micro-link extensions offer customers a wider range of options to choose from.
  3. Celebrity Endorsements: The endorsement of hair extensions by celebrities and influencers across social media platforms has significantly contributed to market growth. Celebrities often showcase different hair extension styles, inspiring their followers to experiment with their looks and driving demand for these products.
  4. Diversity and Inclusivity: The hair extension market has become increasingly inclusive, catering to a diverse range of hair textures, colors, and lengths. Brands are expanding their product lines to accommodate a broader spectrum of customers, including those with curly, kinky, or textured hair.
  5. Sustainability and Ethical Practices: Consumers are becoming more conscious of sustainability and ethical practices within the beauty industry, prompting hair extension manufacturers to adopt eco-friendly materials and ethical sourcing methods. Sustainable packaging, recyclable materials, and cruelty-free production processes are becoming more prevalent in the market.

Key Takeaways from the Hair Extension Market:

  • The hair extension market valuation is US$ 2,721.8 million in 2023.
  • Consumers prefer the air of authenticity lent by natural hair. The natural hair segment holds 5% of the market share by material type.
  • Clip-in hair extensions are popular due to the ease provided. Clip-in hair extensions contribute 8% share of the market by product type.
  • The United States is the leading country in the hair extension market. The United States accounts for 7% of the market share.
  • Canada is another North American country with fertile ground for the market. In 2023, Canada holds a share of 5% of the market.
  • The United Kingdom is fertile ground for the hair extension market. In 2023, the country accounts for 8% of the market share.

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Competition Analysis of the Hair Extension Market

Collaborations and partnerships with beauty experts and influencers are common strategies adopted by suppliers of hair extensions. There is scope for both big brands and small-scale players in the market

Key Companies in the Hair Extension Market:

  • BELLAMI Hair
  • Godrej
  • Great Lengths
  • Klix Hair Extension
  • Evergreen Products Group Limited
  • Balmain Paris Hair Couture
  • Beauty industry group
  • Qingdao Organic Hair Ltd.
  • Hair Dreams
  • Hidden Crown
  • Hair Addictionz
  • Femme Hair Extension
  • Hairlocs
  • Easihair
  • Socap
  • Cinderella Hair

Recent Developments in the Hair Extension Market

  • In September 2023, a line of hair extensions was launched by Sasha Colby. She is the star of the popular series RuPaul’s Drag Race.
  • In July 2023, Girlie Locks, the American brand, was launched. The brand focuses on hair extensions with a wide array of coloring.
  • In May 2022, Beauty Industry Group (BIG) acquired the haircare brand Bellami Hair and entered the hair extension market.

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Key Segments in the Hair Extension Market

By Material Type:

  • Clip-in
  • Micro Link
  • Tape-in
  • Glue-in
  • Others

By Product Type:

  • Artificial
  • Natural

By Region:

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

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 Fungal Testing Equipment Market Projected for Explosive Growth, Reaching US$ 4504 Billion by 2033

Fungal Testing Equipment Market
Fungal Testing Equipment Market

The global market for fungal testing equipment is experiencing a surge in growth, fueled by a projected Compound Annual Growth Rate (CAGR) of 10.1% from 2023 to 2033. This translates to a staggering market size of US$ 4504 Billion by 2033, according to a recent analysis by Future Market Insights.

The report highlights the substantial presence of the fungal testing kits market, currently valued at over US$1.72 billion as of 2023. Diagnostic laboratories are poised to remain a key driver, accounting for a dominant market share exceeding 51.8% in 2023. This trend is expected to continue throughout the forecast period.

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This significant growth can be attributed to several factors, including:

  • Rising prevalence of fungal diseases
  • Technological advancements in fungal testing
  • Growing awareness and focus on early detection
  • Increasing demand for point-of-care diagnostics

These developments indicate a promising future for the fungal testing equipment market, offering lucrative opportunities for industry players.

Manufacturers of Fungal Diagnostic Kits Have Numerous Opportunities:

The development of PCR techniques has enabled scientists to find novel genes, gene expression, and genetic mutation in an organism’s tissues, which has controlled the comparative examination of illnesses and normal tissues, and this may raise demand for fungal testing kits.

Expanding healthcare research and development expenditures and the adoption of molecular diagnostic testing provide the profit potential for the growth of the fungal testing kits market.

Challenges Blocking Demand for Fungal Testing Kits:

Poor social awareness of infections, particularly in low and middle-income nations such as India, Africa, Columbia, Mexico, and China, has led to seeking medical help from office-based healthcare setups that profess to treat the disease naturally using traditional remedies.

These societal factors have a significant impact on the transmission of sexually transmitted illnesses and genital diseases. Among the many possible causes are lack of education, poverty, and social inequality. These factors inhibit the fungal testing kits market growth.

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Regional Outlook:

The fungal testing kits market has positioned North America as the global powerhouse. As infectious diseases are so common, this is understandable. There is a greater demand for fungal testing kits due to the increased awareness of numerous fungal infections in this area.

The fungal testing kits industry is expanding in Asia-Pacific. With rising healthcare costs and a large patient base, these countries hold great growth potential. These previously mentioned countries are also rife with infections like candidiasis and invasive fungal illnesses. The fungus testing equipment market is growing as a result of this.

Key Takeaways:

  • The market’s molecular test segment forecasts a CAGR of 7.5% from 2023 to 2033 in the test type category.
  • The fungal testing kits industry’s diagnostic laboratory sector is likely to experience a CAGR of 7.4% between 2023 and 2033.
  • By 2033, the United States fungus testing equipment market to advance at a CAGR of 9.8% and reach US$ 1210.95 million.
  • By 2033, the China fungal testing kits industry may have climbed at a CAGR of 12.9% and be worth US$ 488.22 million.
  • By 2033, the Canadian market may have expanded by 8.4% CAGR to reach a value of US$105.55 million.
  • By 2033, the German fungal testing kits industry can have risen rapidly to 12.6% and be valued at US$ 352.17 million.
  • The market in the United Kingdom is to evolve at a CAGR of 9.8% and reach US$ 250.61 million by 2033.

Fungal Testing Kits Business Forecast for the Future:

Thermo Fisher Scientific, PerkinElmer Inc., ELITech Group, Merck KGaA, bioMerieux SA, GenMark Diagnostics Incorporation, C.P.M. Diagnostic Research, F.Hoffman LaRoche Limited., PCRmax, Bioquochem, Norgen Biotek, Biomed Diagnostics Incorporation, and Hologic Inc. are among the major fungal testing kits manufacturers.

To develop profitable diagnostic kits, companies are focused on partnerships, collaborations, and acquisitions.

Crucial Strategic Innovations:

Acquisition:

  • ELITech Group acquired the medical goods business Gonotec GmbH on July 14, 2021.
  • Thermo Fisher Scientific officially confirmed the acquisition of Brammer Bio in 2019. This acquisition aided Thermo Fisher Scientific in expanding its laboratory services and product line for fungus testing equipment.

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Key Segments:

By Test Type:

  • Molecular Test
  • Chromogenic Test
  • Others

By Sample Type:

  • Skin
  • Urine
  • Vaginal secretions
  • Blood
  • Cerebral
  • Others

By Application:

  • Research
  • Susceptibility Testing
  • Medical Diagnosis
  • Others

By End User:

  • Diagnostic Laboratory
  • Hospitals
  • Pharmaceutical Companies
  • Research and Academic Institutes

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
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Connecting Construction: Joint Compound Market Forecasted to Reach $9 Billion by 2033

The joint compound market is predicted to be valued at US$ 5 billion in 2023 and US$ 9 billion by 2033. Over the projection period, sales in the joint compound market are expected to increase at a CAGR of 6%. A significant opportunity lies in the increasing demand for environmentally friendly and sustainable joint compounds. With growing environmental concerns, there is a rising preference for products that have low VOC (volatile organic compound) content and are eco-friendly. Manufacturers can capitalize on this trend by developing innovative joint compounds that meet stringent environmental standards and offer superior performance.

The rise in renovation and refurbishment activities presents untapped potential for the joint compound market. As more homeowners and businesses opt for remodeling projects, there is a growing demand for high-quality joint compounds to achieve seamless and flawless finishes. Manufacturers can focus on developing specialized products catering to the unique needs of the refurbishment segment, such as quick-drying compounds and easy-to-use formulations.

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The increasing focus on energy-efficient buildings and green construction practices offers opportunities for joint compound manufacturers. With the adoption of energy-efficient construction materials, there is a need for joint compounds that contribute to improved thermal insulation and air sealing properties. Developing joint compounds with enhanced energy-saving characteristics can meet this demand and cater to the evolving requirements of the construction industry.

Key Takeaways from the Joint Compound Market:

  • It is projected that India will hold a dominant market share of more than 39% in the South Asia Pacific region until 2033.
  • In East Asia, China is expected to account for a significant portion of joint compound sales, with a share of over 81%.
  • In North America, the United States is predicted to dominate the market, representing over 97% of sales in 2023.
  • In terms of segments, the refurbishments segment is estimated to hold a revenue share of more than 43% in 2023.
  • The residential construction sector is expected to account for approximately 51% revenue

“The joint compound market is witnessing steady growth due to the thriving construction industry and increasing renovation activities. Rising demand for seamless finishing and repair solutions in commercial and residential applications is driving market expansion. The market is expected to experience continued growth fueled by technological advancements and product innovations”remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Joint Compounds?

Key players in the joint compound market are revolutionizing the manufacturing process by incorporating advanced technologies and innovative approaches. These players are investing in research and development to develop high-performance joint compounds that offer improved properties such as faster drying time, superior adhesion, and enhanced crack resistance.

Companies are introducing eco-friendly formulations that reduce harmful emissions and promote sustainable practices. Manufacturers are focusing on automation and digitalization to streamline production processes, increase efficiency, and ensure consistent product quality. The integration of data analytics and machine learning enables real-time monitoring and optimization, leading to enhanced productivity and cost-effectiveness. Overall, these advancements by key players are driving the evolution of the joint compound manufacturing industry, offering superior products and improving overall customer satisfaction.

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Product Portfolio:

  • USG Boral offers a comprehensive product portfolio in the construction industry, including gypsum-based solutions, plasterboards, ceiling systems, metal framing, joint compounds, and cementitious products. Their offerings cater to residential, commercial, and industrial applications, providing high-quality solutions for walls, ceilings, and other interior and exterior surfaces.
  • DAP Products Inc. provides a diverse range of construction and home improvement solutions. Their product portfolio includes adhesives, sealants, caulks, patching compounds, and fillers. These products are designed to meet the needs of professional contractors, DIY enthusiasts, and homeowners, offering reliable and innovative solutions for various projects.

Key Players in the Market:

  • USG Boral
  • DAP Products Inc.
  • Solid Products, Inc.
  • ProForm Finishing Products LLC
  • Compagnie de Saint-Gobain S.A.
  • Freeman Products, Inc.
  • Supermastick S.A.S
  • Hamilton Drywall Products
  • ASG Plaster
  • India Gypsum Pvt. Ltd
  • Chiyoda UTE Co. Ltd
  • Continental Building Products
  • Knauf Gips

Market Segmentation

By Product Type:

  • Ready Mix
  • Setting Type
  • Drying Type

By End Use:

  • Residential Construction
  • Commercial Construction
  • Institutional Construction
  • Industrial Construction

By Application:

  • New Construction
  • Refurbishments

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Orthopedic Insole Market: Likely to Advance at a CAGR of 13.5% by 2033, Revolutionizing Foot Healthcare Worldwide

Orthopedic Insole Market
Orthopedic Insole Market

By 2033, the orthopaedic insole market is forecasted to expand from its expected value of US$1.55 billion in 2023 to US$4.64 billion. Over the projection period, the adoption of orthopaedic insoles is expected to increase at a CAGR of 13.5%.

A dollar opportunity in the orthopedic insole market is the potential for personalized insoles that are designed using artificial intelligence (AI) and machine learning algorithms. By analyzing data on a patient’s gait, weight distribution, and other factors, AI algorithms could generate a customized insole that is tailored to the patient’s specific needs. This approach could lead to more effective treatment outcomes and greater patient satisfaction.

An emerging trend in the orthopedic insole market is the increasing use of eco-friendly materials in the manufacturing of insoles. As consumers become more environmentally conscious, there is a growing demand for products that are sustainable and environmentally friendly. To meet this demand, some manufacturers are using materials such as bamboo, cork, and recycled rubber in the production of orthopedic insoles. In addition to being eco-friendly, these materials also offer benefits such as moisture-wicking and odor resistance.

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A significant trend in the orthopedic insole market is the integration of smart technology into insoles. Smart insoles can provide real-time feedback on a patient’s gait, weight distribution, and other factors, allowing for more accurate diagnosis and treatment of foot problems. They can also be used to monitor patient progress over time and adjust treatment plans accordingly. Some smart insoles can be controlled via a mobile app, allowing patients to customize their treatment and monitor their progress from anywhere.

Key Takeaways:

  • According to FMI research, the United States currently holds a significant market share, accounting for almost 35% of the global market in 2022.
  • With a 15% market share in 2022, Germany has emerged as a prominent participant in the Orthopedic Insole market.
  • In 2023, China’s solar pump sector is predicted to have a market share of roughly 25%.
  • The solar pump sector in Japan is still in its infancy, but it is predicted to develop significantly throughout the projection period.
  • With a market share of around 35% by 2023, the above 8 HP sector is predicted to dominate the Orthopedic Insole industry.
  • Submersible pumps will dominate the solar pump industry, accounting for nearly 40% of the market by 2023.
  • With a market share of roughly 60% by 2023, the agriculture segment is predicted to dominate the Orthopedic Insole industry.

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How Key Players are Revolutionizing the Manufacturing of Orthopedic Insole?

The orthopedic insole industry has a very competitive environment due to the large number of companies that operate globally. Some of the top players in the market are:

  • Reckitt Benckiser Group plc
  • Otto Bock SE & Co. KGaA
  • Birkenstock Digital GmbH
  • Steeper, Inc.
  • A.Algeo Limited
  • Peacocks Medical Group
  • Aetrex Worldwide, Inc.
  • Superfeet Worldwide, Inc.
  • Digitsole
  • Allied OSI Labs

These companies offer a wide range of products and services, including prefabricated and custom orthopedic insoles, footwear, and related accessories. They also employ various marketing and distribution strategies to reach their target customers, including partnerships with healthcare providers, retail partnerships, and e-commerce platforms.

In addition to established players, there are also numerous startups and smaller companies entering the market with innovative products and technologies. These companies offer custom insoles designed using 3D printing technology, mobile apps, and other cutting-edge innovations.

The orthopedic insole industry is also influenced by various external factors, such as changing consumer preferences, technological advancements, and regulatory changes. As a result, companies in the industry must be agile and adaptable in order to stay competitive and succeed in the market.

Recent Developments:

  • In May 2021, Digitsole released their new line of connected footwear, the Run Profiler! Equipped with smart insoles and a mobile app, the Run Profiler provides real-time data on running performance, helping customers improve their technique and reach their goals faster. Industry participants also fund research and development projects to improve their product offerings and acquire a competitive edge.

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Market Segmentation:

By Insole Type:

  • Prefabricated
  • Custom

By Base Material Type:

  • Polymer
  • Plastic
  • Rubber
  • Carbon Fiber
  • Silicone

By Consumer Orientation:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Hypermarkets / Supermarkets
  • Departmental Stores
  • Multi-Brand Stores
  • Specialty Stores
  • Exclusive
  • Franchised Stores
  • Online Retailing

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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Aortic Stents Grafts Propel Market Surge Towards a US$ 4.2 Billion Horizon by 2033

The aortic stent grafts market sale anticipates unprecedented growth, with revenue poised to soar to US$ 2.5 billion by 2023 and projected to further escalate at a compelling compound annual growth rate of 5% to reach US$ 4.2 billion by 2033.

Driving this remarkable surge is the aging population, a pivotal factor in the increasing prevalence of aneurysms and other aortic diseases. As older adults become more susceptible to these conditions, the demand for aortic stent grafts is set to surge, catering to the evolving healthcare needs of an aging demographic.

Lifestyle choices also play a significant role, with smoking and hypertension serving as key indicators contributing to the rising incidence of aortic diseases. As these risk factors continue to prevail, the necessity for aortic stent grafts escalates, positioning them as essential tools in combating aortic ailments.

Embrace the future of cardiovascular care, where innovation intersects with necessity, reshaping the landscape of medical interventions and fostering a healthier tomorrow for generations to come.

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Minimally invasive treatment approaches, such as aortic stent grafts reduce patient trauma and post-operative period of recuperation. The requirement for these devices is increasing as the patient desires to shift toward less intrusive procedures.

Progressive advancement in the design, substances, and delivery systems of aortic stent grafts improve their efficacy and safety. Fenestrated and branching stent-grafts, for example, increase the number of patients who can be treated, driving market expansion.

Superior healthcare infrastructure in developing countries is increasing access to innovative medical equipment such as aortic stent grafts. As many patients have access to treatment choices, the potential for expansion in emerging economies is a significant market driver.

The aortic stent grafts industry in Germany is highlighted by an effective healthcare system that adheres to rigorous norms and embraces advanced medical technologies. As older age is a substantial risk factor for aortic illnesses, there is a growing requirement for aortic stent grafts as people age.

In Germany, minimally invasive endovascular techniques are preferred, with aortic stent grafts serving as a less invasive option to standard open surgery. This method results in fast patient recovery and a few post-operative problems.

Key Takeaways:

  • The market for aortic stent grafts in the United Kingdom is expected to reach US$ 510 million by 2033.
  • The market in China is estimated to reach US$ 512 million, expanding at a CAGR of 5% through 2033.
  • The aortic stent grafts market in Japan is expected to develop significantly, reaching US$ 220 million by 2033.
  • The aortic stent grafts market in Germany is expected to experience a 5.1% CAGR through 2033.

“The expanding popularity of testing procedures for early diagnosis of aneurysms, paired with an aging male population, is driving the demand for aortic stent transplants. Since aneurysms, notably AAA, are asymptomatic, early diagnosis may prevent rupture and allow specialists to begin appropriate treatment.”

Aortic Stents Grafts Market Size:

Competitive Analysis:

Significant participants in the aortic stent grafts industry are investing considerably in advancements in research. Apart from that, they dominate the business through a variety of expansion strategies such as associations, mergers, joint ventures, and creative innovations and credentials.

  • Endologix LLC revealed the introduction and first implant of its ALTO® Abdominal Stent Graft in Canada on May 11, 2021, after the latest authorization from Health Canada.
  • In March 2022, TERUMO Aortic announced that the PMDA had authorized the RelayPro thoracic stent graft system for the medical care of people in Japan with thoracic aortic aneurysms (TAA). This stent graft system is a contemporary thoracic stent graft with a low profile designed to treat thoracic aneurysms and treat affected people with limited accessibility.

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Key Segments:

Product Type:

  • Abdominal Aortic Stents Graft
  • Thoracic Aortic Stents Graft

End User:

  • Hospitals
  • Ambulatory Surgical Centers/Outpatient Surgical Centers

By Region:

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

Author By:

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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Water Flosser Market: Expected to Progress at a CAGR of 6.4% by 2033, Transforming Oral Hygiene Practices Worldwide

Water Flosser Market
Water Flosser Market

The global water flosser market, valued at US$1,088 million in 2023, saw a valuation of US$1,020 million in 2022. It is anticipated to advance at a CAGR of 6.4% from 2023 to 2033, with a projected valuation of US$2,023.2 million by 2033.

Furthermore, a number of international corporations, including as Aquapick and Water Pik Inc., produce flossing water handpieces in both budget-friendly and high-end variants.These businesses take advantage of lucrative prospects presented by the globalisation of markets and economic growth by leveraging product premilmunation to support their portfolios of oral hygiene products.

In addition, investment in R & G and development of oral care devices & consumables is predicted to increase significantly over the next few years. Companies willing to invest in offering such innovative products are sure to see returns.

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Further, companies are using digital platforms in a more distinguished manner, and are increasingly using digital content to connect directly with customers on a daily basis, and this is expected to be among the key factors fuelling the growth of the water flosser market in the near future.

Various small enterprises have developed their online presence across various business websites as well as several social media platforms, such as Google+, Facebook, Instagram, Twitter and Snapchat, to connect directly to customers as well as conduct their business virtually. With the expanding digital marketing & E-commerce in the oral care industry, majority of the players are strategizing to expand their business footprint and product reach in the market.

Business Growth Drivers:

  1. Growing Awareness of Oral Health: Increasing awareness of the importance of oral hygiene and preventive dental care has led to a greater adoption of oral care products like water flossers.
  2. Preference for Convenience: Water flossers offer a convenient alternative to traditional flossing methods, appealing to consumers seeking easier and more effective ways to maintain oral health.
  3. Rising Dental Problems: The prevalence of dental issues such as gingivitis, plaque buildup, and periodontal diseases has prompted consumers to invest in advanced oral care solutions like water flossers for better oral hygiene management.
  4. Technological Advancements: Continuous innovations in water flosser technology, such as the development of compact and portable models, improved water pressure settings, and integration with smart features, have enhanced product appeal and consumer adoption.
  5. Increasing Affordability: As manufacturing processes improve and competition intensifies, water flossers have become more affordable, making them accessible to a broader consumer base.
  6. Rise in Dental Tourism: The growing trend of dental tourism, particularly in emerging economies, has contributed to the demand for portable oral care solutions like water flossers among travelers seeking convenient dental hygiene options.
  7. Expanding Distribution Channels: The availability of water flossers through various distribution channels, including online retail platforms, pharmacies, and specialty stores, has widened the market reach and accessibility to consumers globally.

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Industry Restraints:

  1. High Initial Cost: Despite becoming more affordable, water flossers still tend to have a higher upfront cost compared to traditional dental floss, which could deter price-sensitive consumers from purchasing.
  2. Limited Awareness in Developing Regions: In certain developing regions, there may be limited awareness or understanding of the benefits of water flossers, hindering market growth in these areas.
  3. Maintenance Requirements: Water flossers require regular maintenance, including cleaning the device and replacing components such as tips and filters, which may pose a hassle for some users and deter adoption.
  4. Electricity Dependency: Electric water flossers rely on electricity to function, which may be a limitation in regions with unreliable power supply or in situations where access to electricity is limited, such as during travel or outdoor activities.
  5. Competition from Traditional Flossing Methods: Traditional dental floss and interdental brushes remain popular and entrenched in consumer habits, posing a challenge for water flossers to fully replace these established oral hygiene practices.
  6. Perceived Complexity: Some consumers may perceive water flossers as more complex or cumbersome to use compared to traditional floss, leading to hesitation or reluctance to switch to this newer technology.

 Key Takeaways from the Water Flosser Market Study

  • The water flosser market is characterised by the presence of several well-established players with significant market share, diverse product portfolios, and strong global presence.
  • In terms product type, the portable & cordless water flosser dominated the market owing to its lightweight and portable feature. As a result, cordless water flosser is mostly preferred while travelling and elderly people for home dental care.
  • In terms of application, dental clinics application segment dominated the market in the year 2021. A key factor driving the segment is the rising demand for professional dental care as the number of cases of oral diseases rises.
  • The U.S. holds a noteworthy value share of 86.6% in North America owing to widespread availability of new and innovative specialty oral care products, coupled with high consumer awareness about maintaining oral health.

“Awareness with respect to the importance of dental flossing in order to prevent gum disease and oral infection along with the diverse group of end users including individuals with braces, uneven teeth have been shifting from string flossing to water flossers due to the latter’s ease of use and improved efficiency at preventing gum diseases, which is anticipated to witness a notable boost in sales over the coming years.,” says an FMI analyst.

Who is winning?

Leading manufacturers of water flosser are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of water flosser globally.

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Major players present in the water flosser market 

  • Waterpik
  • Shenzhen Relish Technology Co. Ltd.
  • Aquapick Hydro Floss
  • Candeon Technologies Co. Ltd.
  • h2ofloss limited
  • Oratec Corp
  • Koninklijke Philips N.V
  • Panasonic Corporation
  • Oral-B
  • Ginsey Home Solutions
  • Gurin Products LLC
  • ToiletTree Products Inc.
  • S. C. Johnson & Son Inc.
  • Jetpik

Key Segmentation

By Type:

  • Portable & Cordless
  • Countertop
  • Attachable

By End Use:

  • Commercial
  • Residential
  • Others

By Region:

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

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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Ultrasound Systems Market Envisioning a Resounding US$ 13.2 Billion Milestone by 2028

The ultrasound systems market share propels forward with a remarkable 5.5% compound annual growth rate (CAGR). From an anticipated US$ 9.5 billion in 2022, the market is poised to ascend to an impressive US$ 13.2 billion by 2028.

In the era of healthcare digitization, the ultrasound systems market stands at the forefront of innovation. This evolution, driven by advancements across diverse sectors, has not only revolutionized patient care but also fueled a surge in demand for medical examinations over the past decade.

A groundbreaking market research report by Future Market Insights delves into the depths of the global ultrasound systems market, unveiling a narrative of robust growth. With upgraded services enhancing patient experiences and the seamless access to internal body examinations facilitated by ultrasound systems, the market surges ahead with unwavering momentum.

As the ultrasound systems market continues to redefine possibilities, it epitomizes a future where innovation intersects with compassion, transforming healthcare delivery and shaping the landscape of medical diagnostics.

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Favourable Government Policies to Benefit Start-up Companies and Independent diagnostic centers

As a move to encourage start-up companies, government of various regions like Asia Pacific and MEA have bolstered the initiatives to support the new start-ups who are entering the healthcare and medical device industry. It includes exemption of taxes for the first three years, subsidizing patent protection cost etc.

The move is intended to boost the overall market for medical devices. Specifically the medical imaging market has also taken an independent position in the global market. With the betterment in services and advanced facilities related to ultrasound or any other imaging techniques, the global market is expected to witness a higher volume of independent imaging centers.

The companies have also independently introduced handy and user-friendly devices in the market. GE, Philips, Samsung, Fukuda, Mindray, Hitachi, Toshiba, and Siemens, all these companies offer their own particular models.

The coming years will showcase more advanced ultrasound systems, which will provide an image clearer than 3D or 4D pictures.

Hospitals to hold largest share in Ultrasound Systems Market with highest demand for application in Radiology

Hospitals shift toward more value-oriented products, they need to operate more efficiently and productively. Similarly, a quality shift has occurred with patients, who more proactively involved in their care. Trends from the shift to value-based care include data integration and population health management.

An influx of data combined with advancements in imaging helps leverage these data to not only bring further value but also apply it to broader populations. Along with the clearer and high definition pictures that are a part of ultrasound systems, there has also been an introduction to the portable machines.

These are the more handy and easy to move form of ultrasound systems that have come into existence not long ago. Although the developed nations are already familiar with the technology, the market may find a higher prospects of growth in the developing regions. The market analysis has shown that hospitals hold the highest market share in the Global Ultrasound Systems Market, however diagnostics imaging and surgical centers are expected to raise a higher demand for the systems in the coming years.

In terms of application the market is also dominated by Radiology as the key application area for ultrasound systems and is expected to continue growing further at a CAGR of 6.3% during the forecast period, as analyzed by FMI.

Key Segments:

By Modality:

  • Cart/Trolley Based
  • Compact/Hand Held

By Application:

  • Radiology
  • Obstetrics & Gynaecology
  • Cardiology
  • Gastroenterology
  • Others

By End User:

  • Hospitals & Clinics
  • Diagnostic Imaging & Surgical Centers
  • ASCs
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Author By:

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
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India Ready-to-Mix Food Market: Registering a Remarkable CAGR of 14.8% Through 2033, Anticipating Significant Growth in Consumer Goods

India Ready-to-mix Food Market
India Ready-to-mix Food Market

The value of the India ready-to-mix food market is poised to escalate from US$440.1 million in 2023 to US$1,749.7 million by 2033, fueled by a remarkable CAGR of 14.8% anticipated over the next decade.

The increasing demand for RTE food items in India stems from the need to get as much out of snacking-in-the moment experiences. As a result, the need for perfect balance of taste and nutrition in ready-to-cook products has increased. Consumers are giving their trust to brands that manufacture snacks in the right way using better-for-you ingredients at heart and therefore delivering uncompromised quality and taste. In addition to the availability of these products, foods that are easily available have a higher adoption rate.

The most prominent case of the trending better-for-you ingredients is finger millet grains, with scientists at CFTRI using them to optimize use of finger millet. In recent times, the incorporation of finger millet grains in ready-to mix food products has been very high because they are rich sources of nutrients. The product is fortified with various nutrients and a range of health-promoting constituents such as dietary fiber, vitamins, minerals and phytochemicals which have numerous potential health benefits.

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In an interesting turn of events, the niche snack innovations and categories in India can now be seen as being highly consumed in the smaller pockets of the country. Social media is a key contributor to this development, which has significantly coaxed consumers to experiment with snacking options. However, the role of e-commerce and quick commerce in the robust growth and penetration of ready-to-eat foods is quite prominent.

“A key enabler that is blurring the urban-rural divide in the context of ready-to-mix foods is its packaging. Consumers in rural areas are gravitated toward products with small, eye-candy, and bite-sized packets, that fit their pockets. The smaller formats are easier-to-purchase, offer better portion control, and encourage social sharing, and on-the-go-consumption. With invigorated distribution systems and quick commerce, this market can be substantially exploited,” says an FMI analyst.

Key Takeaways from the India Ready-to-mix Food Market Report

  • The India Ready-to-mix food amassed a market size of US$ 392.9 million in 2022.
  • The snack mix application segment accounts for a market share of 5% in 2023.
  • The modern trade segment holds a share of 3% of the market by distribution channel over the forecast period.

Business Growth Drivers:

  1. Changing Lifestyles: As lifestyles become more fast-paced, there is an increasing demand for convenience foods that require minimal preparation time. Ready-to-mix foods offer a quick and convenient solution for busy individuals and families.
  2. Urbanization: With rapid urbanization, there’s a growing population of working professionals who have limited time for cooking elaborate meals. Ready-to-mix food products cater to this demographic by providing easy-to-prepare meal options.
  3. Increasing Disposable Income: Rising disposable incomes in India have led to greater spending on convenience foods. Consumers are willing to pay a premium for products that offer convenience without compromising on taste and quality.
  4. Product Innovation: Manufacturers are continuously introducing new and innovative ready-to-mix food products to cater to evolving consumer preferences. This includes a wide range of options such as instant soups, ready-to-cook meals, breakfast mixes, dessert mixes, etc.
  5. Expanding Retail Sector: The growth of modern retail formats such as supermarkets, hypermarkets, and online grocery platforms has significantly boosted the distribution and availability of ready-to-mix food products across the country.
  6. Health and Wellness Trends: There is a growing awareness among consumers about health and wellness. Manufacturers are responding to this trend by introducing healthier variants of ready-to-mix foods, such as organic, gluten-free, and low-sodium options.

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Industry Restraints:

  1. Perception of Quality and Nutrition: Despite the convenience they offer, ready-to-mix foods are often perceived as less nutritious and of lower quality compared to freshly prepared meals. Overcoming this perception is a challenge for the industry.
  2. Price Sensitivity: While disposable incomes are rising, price sensitivity remains a significant factor for many consumers, particularly in lower-income segments. Keeping ready-to-mix food products affordable while maintaining quality can be challenging for manufacturers.
  3. Supply Chain Challenges: Maintaining a reliable and efficient supply chain for perishable ingredients used in ready-to-mix food products can be complex, especially considering the diverse sourcing requirements and logistical challenges in India.
  4. Regulatory Compliance: The food industry is subject to strict regulatory standards concerning food safety, labeling, and packaging. Ensuring compliance with these regulations adds to the operational costs and administrative burden for manufacturers.
  5. Competition from Traditional Foods: Traditional homemade meals still hold significant cultural and culinary value in India. Ready-to-mix food products face competition from these traditional dishes, especially in rural and semi-urban areas where homemade cooking is prevalent.

Unraveling the Competitive Scene in the India Ready-to-mix Food Market

Key players are bringing innovation in their ready-to-cook offerings, to elevate the taste, ease, safety, and mood of consumers. Moreover, to bring interesting eating experiences to the consumers’ palate, players are exploring global and regional flavors, textures, and tastes.

New mergers and acquisitions, collaborations, and investments will be seen in the upcoming decade. Additionally, enhancements in the packaging and pricing of the food items are expected to positively influence the market. In this regard, easy-to-access and easier-to-buy smaller units of ready-to-mix foods are expected to be a key trend in the India market.

Key Players in the India Ready-to-mix Food Market

  • Mavalli Tiffin Room (MTR)
  • GITS food products Pvt Ltd
  • Indian Tobacco Company (ITC)
  • Kohinoor Foods and Priya Foods
  • Others

Recent Developments in the India Ready-to-mix Food Market

  • In July 2023, as emphasis turns to millets in light of the International Year of Millets-2023, the CFTRI launched eight new products composed of millets. Some of the products that were launched consist of little millet puttu podi, finger millet semolina, ragi-based RTE malted weaning food, and instant finger millet khichdi dal.
  • In November 2021, ITC unveiled ready-to-cook and ready-to-mix breakfast staples under the household brand “Aashirvaad”. The breakfast staples include suji, rawa, and vermicelli. In the future, the company will also be introducing poha, dalia, and millet cereals. Some of these categories have significant scope and the bandwidth to produce good margins.

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Market Segmentation

By Application:

  • Snack Mix
  • Desert Mix
  • Curry Making Enablers

By Distribution Channel:

  • Modern Trade
  • Kirana Shops
  • Online Retailers
  • Other Distribution Channels

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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Laparoscopic Devices Market Ascending Towards an Impressive US$ 18.4 Billion Horizon by 2029

Witness the transformative power of medical innovation as the laparoscopic devices market sale revolutionizes surgical landscapes worldwide. Through minimally invasive techniques, commonly known as laparoscopic treatments, specialized equipment adorned with lights and cameras orchestrates surgeries with precision through small incisions.

Compared to traditional open surgery, this groundbreaking approach offers patients not just relief from pain, but a swifter recovery and superior cosmetic outcomes, marking a seismic shift in surgical experiences. The advent of laparoscopic equipment has reshaped the very essence of surgery, impacting fields ranging from gynecology to general surgery.

As the laparoscopic devices market charts an unprecedented trajectory, expect exponential growth at a remarkable 5.8% CAGR. From a foundation of US$ 12.3 billion in 2022, it is poised to ascend to a staggering US$ 18.4 billion by 2029. With each advancement, surgical possibilities expand, transforming the way we heal and thrive.

Embrace the future of surgery, where innovation meets compassion, and every incision tells a story of hope and healing.

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The hallmark of laparoscopic procedures lies in their minimally invasive nature. Instead of large incisions, surgeons make small openings through which they insert slender instruments and a tiny camera. This approach reduces trauma to surrounding tissues, leading to less postoperative pain, reduced scarring, and faster healing. Patients benefit from shorter hospital stays and quicker return to their daily activities, marking a significant improvement in their overall surgical experience.

The laparoscopic devices market is projected to experience significant growth during the next decade. On the back of rapid growth in demand for minimally invasive surgery and expanding application potential in colorectal and bariatric surgical procedures.

Increasing FDI influx in developing regions coupled with marketing and promotional activities are expected to boost the laparoscopic devices market over the following years, says the report.

Key Takeaways – Laparoscopic Devices Market Study :

Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.

Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.

The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.

Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.

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Adoption of Subscription Commerce Marketing Model :

Companies are adopting various marketing model schemes such as subscription commerce to boost the sale of laparoscopic devices. Under this scheme, companies provide medical devices such as laparoscopy devices on pay-per-use basis. Thus, various end use segments can have access to these devices which might otherwise be prohibitively expensive, which in turn is helping manufacturers to expand their market share for laparoscopic devices, globally.

Due to intense competition, manufacturers of laparoscopic devices use innovative pricing strategies to remain at the forefront. Expanding access of laparoscopic devices by educating healthcare professionals through various conferences and training is enabling companies manufacturing these devices to enhance the adoption and equipping healthcare facilities with the necessary tools to provide optimal care to patients.

Key Companies:

Olympus Corporation

Braun Melsungen AG

Intuitive Surgical Inc.

Medtronic plc.

Stryker Corporation

Smith & Nephew Plc

CareFusion Corporation

Ethicon US, LLC

KARL STORZ GmbH & Co. KG

Richard Wolf GmbH

Endocontrol SA

Tekno-Medical Optik Surgery GmbH

Laparoscopic devices market by Category :

By Product:

  • Direct Energy System Devices
  • Trocars/Access Device
  • Internal Closure Devices
  • Laparoscopes
  • Hand Access Instruments
  • Insufflation Devices
  • Robotic Assisted Surgical System

By Therapeutic Application:

  • Bariatric Surgery
  • Colorectal Surgery
  • General Surgery
  • Gynecological Surgery
  • Urological Surgery

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Author By:

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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Global Physiotherapy Equipment Market is expected to witness notable expansion, with forecasts indicating a potential US$ 38,134.8 Million valuation by 2033

Physiotherapy Equipment Market
Physiotherapy Equipment Market

It is anticipated that the global physiotherapy equipment market demand would grow from US$ 20,367.16 million in 2023 to US$ 38,134.8 million by 2033. The physiotherapy equipment market is expected to increase at a 6.5% CAGR from 2023 to 2033.

The physical well-being and quality of life of people who are recuperating from injuries or who have chronic diseases are greatly enhanced by physical therapy. The Physiotherapy Equipment Market has experienced growth in tandem with the increase in demand for physiotherapy services. Due in large part to technological innovation, the prevalence of neurological and musculoskeletal illnesses is rising, and this sector of the economy is expanding quickly.

The market for physiotherapy equipment has a large selection of gadgets and instruments made to help with the healing process. The industry has made considerable strides to meet a variety of treatment demands, from heat and cold therapy devices to electrotherapy machines and therapeutic exercise equipment. These contemporary resources help physiotherapists deliver more focused care, increase patient results, and enrich the therapeutic process as a whole.

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Globally, the market for physiotherapy equipment is expanding significantly due to reasons like an ageing population, growing public awareness of the value of physical treatment, and rising healthcare costs. Additionally, the importance of remote and home-based physiotherapy services has been underlined by the COVID-19 pandemic, boosting the demand for portable and user-friendly equipment.

The growth of healthcare providers is one of the main factors propelling the physiotherapy industry:

A surge in rehab facilities, road accidents, and injuries are expected to enhance the demand for physiotherapy equipment. Unhealthy eating habits and a harried lifestyle, which can cause discomfort in the ligaments, nerves, muscles, back, and neck as well as an increase in the prevalence of stroke and Parkinson’s disease, are predicted to drive the market. Doctors have started advocating physical therapy to patients since it provides additional benefits, which has raised demand for physical therapy supplies.

Physical therapy, commonly known as physiotherapy, is a type of treatment designed to restore and improve healthy bodily function. It makes use of a range of technology and techniques to assist individuals in maintaining their health and recovering significantly from medical conditions. These therapies often take place in outpatient facilities and are more thorough. Patients who are under observation following surgery, however, often only undergo inpatient rehabilitation therapy.

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Key Points from the Physiotherapy Equipment Market:

  • Market Growth: The physiotherapy equipment market has been experiencing significant growth in recent years. Factors such as the rising prevalence of chronic diseases, an aging population, increasing awareness about the benefits of physiotherapy, and advancements in technology have contributed to market expansion.
  • Types of Equipment: The market encompasses a wide range of equipment used in physiotherapy settings. Some commonly used equipment includes therapeutic exercise equipment (treadmills, stationary bikes, etc.), electrotherapy equipment (ultrasound, TENS units, etc.), heat and cold therapy equipment, traction equipment, and other assistive devices.
  • Rehabilitation Centers and Hospitals: Physiotherapy equipment is widely utilized in rehabilitation centers and hospitals. These settings often require a diverse range of equipment to cater to various patient needs, such as post-operative rehabilitation, musculoskeletal disorders, sports injuries, and neurological conditions.
  • Homecare Settings: The demand for physiotherapy equipment in homecare settings is also growing. Patients who prefer to receive physiotherapy treatments at home, especially the elderly or those with mobility issues, often require portable or compact devices for their therapy sessions.
  • Technological Advancements: The physiotherapy equipment market has witnessed significant technological advancements. These include the integration of advanced features such as data tracking, wireless connectivity, cloud-based platforms, and remote monitoring capabilities. Such innovations help improve treatment outcomes and enhance patient experience.
  • Regional Markets: The physiotherapy equipment market exhibits regional variations. North America, Europe, and Asia Pacific are significant markets due to the presence of well-established healthcare infrastructure, rising healthcare expenditure, and increasing awareness about physiotherapy benefits. Emerging economies in Latin America and Africa are also showing growth potential.

Key Developments in the Physiotherapy Equipment Market:

  • August 2022 – The Assam Down Town University (AdtU)  opened new physiotherapy labs, including a Gait Lab, an Electromyography studies lab, and a Pulmonary function test lab with spirometers.
  • July 2022 – Indutrade struck an agreement to acquire all the shares of the Swedish company Primed Fysio och Rehab AB. Primed is a Swedish company that sells professional physiotherapy equipment.
  • February 2022 – Colfax Corp announced the renewal of its collaboration with the Professional Football Athletic Trainer Society (PFATS), allowing the firm to endorse and recommend its products to certified athletic trainers.
  • January 2022 – BTL Industries bought Schepp MedTech. This acquisition was made to add robots to BTL’s already extensive physiotherapy product offering.

Key Companies in the Global Physiotherapy Equipment Market:

  • BTL
  • EMS Physio Ltd.
  • Dynatronics Corporation
  • RICHMAR
  • Performance Health
  • Storz Medical AG
  • Zimmer Medizin System GmbH
  • ITO Co., Ltd.
  • Enraf-Nonius B.V.
  • Whitehall Manufacturing
  • DJO Global
  • EMS Physio
  • Zynex Medical Inc.
  • Patterson Medical

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Key Segmentation:

Product:

  • Laser Therapy Equipment
  • Continuous Passive Motion Devices
  • Transcutaneous Electrical Neural Stimulator (TENS)
  • Interferential Stimulator (IFT)
  • Electrical Muscle Stimulator (EMS)
  • High Voltage Pulsed Galvanic Stimulator (HVPGS)
  • Ultrasound Therapy Equipment
  • Traction Equipment
  • Diathermy Equipment
  • Exercise Equipment

Equipment Type:

  • Cryotherapy
  • Hydrotherapy
  • Electrotherapy
  • Continuous Passive Motion Units
  • Multi-exercise Therapy Unit
  • Heat Therapy
  • Ultrasound Physiotherapy
  • Other Therapy Types

Application:

  • Neurological
  • Musculoskeletal
  • Cardiovascular and Pulmonary
  • Others

End User:

  • Hospitals
  • Rehabilitation Centers/Clinics
  • Homecare Settings

Region:

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

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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