Market Research Blog – Page 3531 – New Product Development

Forecast Analysis: Dysprosium Market to Expand at 5.2% CAGR, Surpassing US$ 8.8 Billion by 2032

The global dysprosium market is anticipated to create lucrative growth over the forecast period from 2022 to 2032 by registering a CAGR of 5.2%. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion by 2032. The growth of the market is attributed to its dominance as a producer of rare earth elements, Asia Pacific is claimed to be the largest consumer of dysprosium.

The global dysprosium market is expected to increase significantly over the forecast period, owing to rising demand from the automotive and electronics sectors. Furthermore, the increased use of permanent magnets in consumer electronics such as Smartphones, televisions, and loudspeakers is boosting the worldwide dysprosium market.

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New and latest trends including electric mobility, clean energy, automation, and energy efficiency are expected to augment the usage of dysprosium, propelling the worldwide dysprosium market growth. Alternatively, different technical advances in dysprosium manufacturing are expected to provide profitable prospects for the development of the dysprosium market in the future years.

Key Takeaways

The requirement for dysprosium from vehicle manufacturing firms is one of the crucial drivers for the market’s growth. Owing to the augmenting demand for dysprosium throughout the creation of batteries is anticipated to surge the market growth. Dysprosium consists of various pounds of rare earth elements.
Dysprosium is utilized throughout the production of neodymium-iron-boron which comprises high permanent magnets. These magnets are further adjusted into joints in order to treat rheumatoid arthritis. As a result, high demand from the healthcare sector is projected to drive dysprosium demand in the market.
One of the major restraining factors is likely to be dysprosium price fluctuations. The aforementioned factor may impede the global dysprosium market in the future.

Competitive Landscape

Some of the key participants present in the global dysprosium market include Lynas (Australia), Arafura (Australia), Molycorp (California), Avalon (Canada), Greenland Minerals, Tasman Metals Ltd. and Quest Rare Minerals among others. The global dysprosium market is anticipated to be highly competitive attributed to the presence of several global and regional participants.

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More Insights into the Dysprosium Market

Asia Pacific region is anticipated to dominate the global dysprosium market over the forecast period. Growth in the Asia Pacific area is expected to maintain its supremacy throughout the evaluation period. The dominance of the Asia Pacific region is attributed to the region’s fast-paced and expanding automotive sector. In addition to that, the rising technological advancements in the dysprosium market have fueled the development of electric cars, which is the regional demand for dysprosium.

The burgeoning electronics industry is likely to witness a significant surge across the valuation period due to which the Asia Pacific region is expected to grow over the forecast period.

The European region is anticipated to create lucrative growth opportunities over the evaluation period. The market for dysprosium in Europe is set to witness significant growth. According to the analysis conducted by Future Market Insights, the European dysprosium market is likely to expand with a considerable demand for numerous laser materials as well as permanent magnets. Attributed to these above-mentioned factors, the growth of dysprosium is estimated to generate immense revenue in the European market within the next decade.

Ever-changing trends have had a major influence on the growth of the global dysprosium market over the evaluation period. The emergence of electric mobility, energy efficiency, automation, and rising usage of dysprosium in almost every end-use industry. These factors are predicted to accelerate the growth of the worldwide dysprosium market.

Rapid advancements in the technology industry and new ways to employ dysprosium have led to significant market growth over the forecast period. Prominent manufacturers in the global dysprosium market are anticipated to offer profitable prospects for the enhancements of the dysprosium market throughout the assessment period.

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Cardiac Surgery Devices Market Set to Surpass US$ 2.4 Billion by 2032

The cardiac surgical equipment market size is predicted to reach US$ 1.7 billion by the end of 2022, growing at a compound yearly growth rate of 3.6%. 2022 – 2032. Due to the rising prevalence of cardiac disease, the industry is projected to generate US$ 2.4 billion in revenue by 2032. With a demand share of almost 59.1%, perfusion disposables emerged as the most popular product category in 2021.

The perfusion disposables segment represents a considerably larger market opportunity than either catheters, beating heart surgery systems, or heart lung machines in the cardiac surgery devices market. The perfusion disposables segment is predicted to be worth more than US$ 800 Million in 2017 alone with oxygenators contributing the lion’s share of this. By the end of the forecast period, the segment is on track to push past US$ 1.1 Billion, making it a particularly lucrative segment in the cardiac surgery devices market as its attractiveness index is 2.0.

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A greater acceptance of heart lung machine tables is expected to benefit the adoption of perfusion disposables in the cardiac surgery devices market. Nearly a third of all the global deaths can be attributed to cardiovascular diseases and it is the main cause of death in the U.S., responsible for 17% of national healthcare expenditure. The American Heart Association estimates that 40% of the American people will suffer from cardiovascular ailments in 2030 and the direct cost of these would skyrocket to approx. US$ 820 Billion.

Well-developed Medical Infrastructure Makes North America Keep its Crown

North America has a world-class medical infrastructure coupled with a population that is rapidly ageing and suffering from cardiopulmonary disorders.

This combination all but ensures that the region is larger than both Western Europe and APEJ combined in the year 2017 with a value of just under US$ 555 Million.

North America is on track to witness a CAGR of 4.1% for the period 2017 to 2027 that should see the market in the region touch US$ 830 Million by end 2027.

Most new developments are centred in North America and its high acceptance of modern technology make it an extremely lucrative region in the global cardiac surgery devices market.

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Minimally Invasive Surgery Gaining Traction in Cardiac Surgery Devices Market

Coronary artery bypass grafting is anticipated to be the largest contributor in the cardiac surgery devices market by procedure in 2017 and it is unlikely to cede this position anytime soon.

However, modern advancements in cardiopulmonary bypass techniques, surgical approaches and incisions have made minimally invasive surgery increasingly popular in recent times.

Minimally invasive surgery has the advantage of reduced surgical trauma and decreased pain and this is anticipated to propel the cardiac surgery devices market in the long term.

In terms of CAGR these two segments hold the top position in the global cardiac surgery devices market, with coronary artery bypass grafting recording a value CAGR of 3.5% and minimally invasive surgery registering a 4.1% CAGR in terms of revenue during the forecast period.

Focus on Hospitals over Ambulatory Surgical Centres in the Cardiac Surgery Devices Market

The hospitals segment is larger than the ambulatory surgical centres segment by end user in the cardiac surgery devices market and this trend is predicted to continue for the foreseeable future.

An attractiveness index of 1.1 and a market opportunity of almost US$ 1.2 Bn by 2027 end should make all major companies actively target the hospitals end user segment in the cardiac surgery devices market.

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Company Dashboard:

The companies actively involved in the global cardiac surgery devices market that have been profiled in the report include Biotronik, Braile Biomedica, Cook Medical Inc., Estech, Abiomed, Smith Medical, MicroPort Scientific Corporation, Edwards Lifesciences Corporation, Angiodynamics, Teleflex Incorporated, C. R. Bard, Inc, B. Braun Melsungen AG, Getinge-Maquet Germany Holding GmbH, Terumo Corporation, LivaNova PLC, Lepu Medical technology Co ltd., Boston Scientific Corporation, Medtronic, and Abbott Laboratories.

Important takeaways:

The increasing preference for minimally invasive surgical procedures is one of the recent trends seen in the cardiac surgery devices market.

In the last decade, minimally invasive cardiothoracic surgery has grown by leaps and bounds mainly because of the reduced pain and surgical trauma after this procedure.

Even though coronary artery bypass grafting is much larger at present, key stakeholders are advised to focus on minimally invasive procedures as patients will almost certainly prefer this form of treatment.

In addition to this, the beating heart surgery system type could see widespread adoption in the days ahead.

Cardiac Surgery Devices Market Taxonomy

By Product:

Heart Lung Machine
Breathing Heart Surgery Systems
- Stabilisers
- Positioners
Catheters
- Ablation Catheter
- Drainage Catheter
Perfusion Disposables
- Oxygenators
- Centrifugal Pumps
- Cardioplegia Delivery System

By End User:

Hospitals
Ambulatory Surgical Centres

By Procedure:

Coronary Artery Bypass Grafting
- On pump CABG
- Off pump CABG
Minimally Invasive Surgery

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Packaging Sector Demand Propels Laminating Adhesives Market Sales to US$ 6.2 Billion by 2033

chemical and materials

The global laminating adhesives market is projected to amass a revenue of US$ 6.2 billion by 2033, with sales growing at a restored and positive CAGR of 6.1% from 2023 to 2033. Historically, the target market recorded an average CAGR of 4.7 % from 2017 to 2022. The laminating adhesive market will likely reach an estimated US$ 3.5 billion in 2023. The estimated growth for the forecast period can be attributed to heightened demand from various end-use sectors like packaging, healthcare, food and beverages, manufacturing, and pharmaceuticals, among others. The packaging industry, particularly, generates strong demand for laminating adhesives.

Lamination adhesive is an essential part of the manufacturing process of flexible packaging goods. The rising awareness of the advantages of flexible packaging such as its lightweight aspect, easier handling, less space requirement, smoother transportation, extended shelf life, protection from damage, and improved printability further promotes the demand for flexible packaging which, in turn, has a positive impact on the laminating adhesive market. Since packing is one of the important factors that manufacturing enterprises take into consideration before venturing into the production process, the market for laminating adhesives looks at positive growth in the forthcoming years.

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In the past few years, more and more businesses in the manufacturing and industrial sectors have been opting for flexible packaging which is transforming the structure of the packing sector. Thus, flexible packaging is taking over the rigid packaging sub-sector. This augurs well for laminating adhesives as they are eco-friendly, durable, and also come in solvent-free varieties. Hence, the expansion of the flexible packaging sector and rising demand for eco-friendly adhesives act as primary growth drivers for the laminating adhesive market. Moreover, immense demand for laminating adhesives from food and beverage packaging, medical packaging, and expansive use of the product across various industries like industrial, automotive, and transportation sectors will underpin the growth of the laminating adhesive market during the projection period.

Key Takeaways:

Water-based laminating adhesives will gain rapid traction over the next couple of years owing to the implementation of strict environmental regulations and the high demand for miniaturized electronic products.
The growing consumption of packaged food will fuel the use of laminating adhesives in the food packaging sector.
The laminating adhesives market in the US will reach a value of US$ 729.9 million by 2033.
Asia Pacific will emerge as an opportunistic pocket for the laminating adhesive market owing to surging manufacturing activity in China, Japan, and India.

Competitive Landscape

3M Company, Coim Group, H.B. Fuller Company, Ashland Global Specialty Chemicals Inc., Evonik Industries AG, Flint Group, Henkel AG & Co. KGaA, L.D. Davis Industries Inc., and Sika AG, among others, are some of the key players in the laminating adhesives market profiled in the full version of the report.

Significant market players are focusing on product development and the launch of new products. These firms also engage in various organic and inorganic business strategies to gain a competitive edge.

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More Insights into Laminating Adhesives Market

FMI offers the latest, detailed, and unbiased analysis of the global laminating adhesives market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, and region.

According to the reports, based on segmentation, the water-based laminating adhesives will grow at 6.0% between 2023 and 2033. This growth is due to more and more manufacturers shifting to water-based technology across multiple sectors like food, construction, electronics, and many others. In terms of application, the packaged food sector will lead the market with a growth rate of 4.6% during this assessment period.

Based on region, the laminating adhesive market in Asia Pacific will exhibit strong growth. It is estimated that the Asia Pacific will lead the global laminating adhesives market. Increasing manufacturing activities in China, India, and Japan aid the growth of the regional laminating adhesives market. The food and beverages, construction, and electronics industries in these countries will generate high demand for the market. Hence, the laminating adhesives market in Asia Pacific will dominate the international marketplace and contribute substantially to the overall market growth.

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Electrical Enclosure Market Growth: Industry worth US$ 81.3 billion by 2033

The global Electrical Enclosure Market is poised for substantial growth, with projections indicating a significant increase in value. Expected to reach US$ 46.6 billion by 2022, the market is forecasted to maintain strong demand throughout the assessment period. This sustained growth can be attributed to the rising demand from mining operations and other industrial sectors.

By 2033, the market is anticipated to reach a valuation of US$ 81.3 billion, reflecting a notable compound annual growth rate (CAGR) of 5.2% from 2023 to 2033. Initial estimates suggest that the market will secure US$ 49.0 billion in value by 2023, underscoring the robust trajectory of growth and the significant opportunities present in the electrical enclosure market.

Electrical enclosures are essential components in various industries, providing protection for electrical equipment and ensuring safe operation in diverse environments.

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Competitive Landscape

Major players in the electrical enclosure market are actively engaged in enhancing their product offerings and expanding their market presence through strategic initiatives. One approach involves the development and introduction of innovative products to diversify their portfolios and gain a competitive advantage. Additionally, manufacturers are pursuing inorganic growth strategies such as mergers and acquisitions to strengthen their market position and increase their market share.

In a notable development in July 2020, Rittal expanded its AX range of compact enclosures by introducing a new line of plastic enclosures. This innovative product combines advanced technology with the durability of robust materials, offering enhanced protection for electrical components, even in harsh environments such as outdoor settings. The AX plastic enclosure features new mounting functions that facilitate rapid expansion and provide greater flexibility for installation using smart technology.

Similarly, Eaton, a leading player in the electrical industry, offers a comprehensive portfolio of electrical products and solutions, including circuit breakers, switches, meters, power distribution units, and surge protection devices. Additionally, Eaton provides a range of power distribution systems, electrical panel boards, switchgear, and engineering services tailored to the needs of commercial, industrial, and utility customers.

Drivers

Heightened environmental awareness surrounding the risks associated with nuclear energy and fossil fuels is prompting governments across the globe to pivot towards renewable energy sources like wind and solar power. This shift is driving significant investments in the construction of green energy infrastructure, aimed at harnessing the potential of renewable resources.

For example, the Government of India has unveiled plans to allocate a substantial budget of US$ 4.59 Billion towards the development of green energy infrastructure. This initiative is part of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan, with the objective of increasing the country’s renewable energy capacity to 25,750 MW by 2022. Such ambitious endeavors underscore a concerted global effort towards sustainable energy solutions and reducing reliance on conventional, environmentally detrimental energy sources.

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Market by Category

By Product Type :

Junction Enclosures
Disconnect Enclosures
Operator Interface
Enclosures
Environment and Climate
Control Enclosures
Push Button Enclosures

By Material Type :

Metallic
- Aluminium
- Mild steel
- Stainless Steel
Non-Metallic
- Fiberglass
- Polycarbonate
- Polyester
- ABS

By Design :

Standard Type
Custom Type

By Configuration :

Wall Mount Enclosures
Floor Mount Enclosures
Freestanding Enclosures

By End Use Sector :

Industrial
Residential and Commercial

By Region :

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Youthful Skin Trends to Boost BB Cushion Market to US$ 17.35 Billion by 2032 | FMI

The market for BB cushions is predicted to grow at an impressive 17% CAGR from 2022 to 2032, with a projected valuation of US$ 3.61 billion worldwide in 2022. The sector is expected to grow to a value of US$ 17.35 billion eventually. The rising disposable income and rising skin beauty awareness among the world’s population are associated with the market’s growth.

BB cushions will continue to be in demand in the upcoming years as more individuals become aware of the value of skin care and have extra cash to spend.

BB creams are simply liquid cosmetics stored in a sponge.This sponge is stored in an applicator-equipped “compact.”This facilitates the application of BB creams without causing makeup to transfer into hands.In recent years, BB cushions have undergone numerous modifications.They are made of air cushions, metal cushions, tension hides, and similar materials.

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One good thing about BB cushions is that they are simple to carry around. In short, they can be kept in a bag. The thing really gives ladies a “no make-up look”, making it liked by them. BB cream cushions make your skin look smooth. The cushion applicator makes it easy to fix the skin properly. People who have never used make-up before, like those trying it for the first time should use BB cushions.

BB Cushions have a sponge tool for applying them. So, we shouldn’t worry too much about putting on a lot of make-up.

Since more people are using natural and organic skincare products, the BB cushions market will likely increase a lot in future time. Something cool to see here is that guys have also started liking beauty products. So, this group of people might increase the money made from BB Cushions market.

At the same time, the BB cushions market could get hampered due to less awareness amongst the rural population in this regard. Also, those with sensitive skin do keep away from make-up products. In certain cases, there could also be pimples. Future Market Insights has mentioned about these facts with insights in its latest market study entitled “BB Cushions Market”.

Key Takeaways from the BB Cushions Market

Europe holds a significant share of BB Cushions market. This could be credited to rising demand for anti-aging creams. Germany and the UK are leading from the front herein.
The countries like Thailand, China, Bangladesh, and India are dominating the BB cushions market in the Asia-Pacific and the scenario is expected to persist even in the forecast period. This could be credited to skincare market being on an expansion spree in these countries.
BB cushions for dry skin hold the largest market share and would continue to do so even going forward.

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“With urge to look “younger” penetrating all over, the global BB cushions market is bound to substantiate in the forecast period”, says an analyst from Future Market Insights.

Competitive Landscape

3Lab has its Aqua BB Protect, which makes way for all-day hydration along with protection against UV rays. It’s light and successfully conceals discoloration due to heat/sun and age spots. The key ingredients are inclusive of micronized titanium dioxide, zinc oxide, and cetyl ethylhexanoate.
Lancome has its Lancome Miracle Cushion Liquid Cushion Compact Spf 23 – # 02 Beige Rose 14g. It comes across as the first liquid cushion compact make-up lightweight and effortlessly blends onto the skin. The buildable coverage helps in hiding pores, lines, and flaws on face. Apart from offering all-day hydration, it offers protection against UV rays as well.
Dior has its Dior Forever Perfect Cushion with luminous matte finish. It offers 24 hours of watery hydration for freshness and seasonal comfort.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the BB cushions market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on skin type (BB cushions for dry skin, BB cushions for oily skin, BB cushions for combination skin, and BB cushions for normal skin), by nature (conventional BB cushions and organic BB cushions), and by sales channel (indirect sales of BB cushions, direct sales of BB cushions, specialty stores, independent stores, online stores, and supermarket/hypermarket).

Key Segments Profiled in the Global BB Cushions Market

Skin Type:

BB Cushions for Dry Skin
BB Cushions for Oily Skin
BB Cushions for Combination Skin
BB Cushions for Normal Skin

Nature:

Conventional BB Cushions
Organic BB Cushions

Sales Channel:

Indirect Sales of BB Cushions
Direct Sales of BB Cushions
Specialty Stores
Independent Stores
Online Stores
Hypermarket/Supermarket

Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Enhancing Ambiance Across Sectors: The 6.40% CAGR Journey of the Air Freshener Market by 2033 | FMI

In 2023, the air freshener market is projected to be valued at US$ 15.47 billion. The market was valued at US$ 13.63 billion in 2022. Between 2023 and 2033, the market is expected to expand at a robust CAGR of 6.40%. By 2033, the air freshener market is projected to be valued at US$ 28.72 billion.

The consumers are getting educated on the effects of synthetic chemicals use in transforming products and how it could affect her health and the environment. This, in the recent past has led to a huge increase in demand of natural and organic product even as it involves also an air freshener. This aroma fresheners are constituted of natural elements like essential oils and plant extracts. They are far better alternatives to chemical scents like the parabens, aluminum and so forth.

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Several factors are driving this growth:

Rising living standards and disposable income: As people have more money to spend, they’re increasingly investing in products that enhance their living environment, including air fresheners.

Urbanization: Densely populated cities often face challenges with air quality, leading to a greater demand for odor control solutions like air fresheners.

Innovation: Manufacturers are constantly introducing new air freshener technologies and fragrances, catering to diverse preferences and needs. This includes:

Natural and organic options: Consumers are becoming more health-conscious and seeking alternatives to traditional air fresheners with potentially harmful chemicals.
Smart air fresheners: These devices connect to Wi-Fi or Bluetooth, allowing for customized scent control and scheduling.
Electric diffusers and essential oils: These offer a healthier and more sustainable alternative to aerosol sprays.

Growing demand from commercial users: Offices, hotels, and other businesses are increasingly using air fresheners to create a pleasant and welcoming atmosphere for customers and employees.

Regional variations: The Asia Pacific region is expected to witness the fastest growth due to its expanding middle class and rising disposable income. However, Europe and North America remain significant markets with established consumer preferences.

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Key companies in the Air Freshener Market

Procter & Gamble
SC Johnson
Reckitt Benckiser
Henkel
Church & Dwight
California Scents
ST Corporation
Scott’s Liquid Gold, Inc.
Amway
Kobayashi
Liby
Houdy
Farcent
Jiali
Ludao
Mengjiaolan

Key Segment

By Product Type:

Spray/Aerosols
Electric Air Fresheners
Gels
Candles
Others (Oils, Plug-ins, etc.)

By Application Type:

Residential
Commercial
Cars
Others

By Sales Channel:

Hypermarkets/Supermarkets
Independent Stores
Specialty Stores
Departmental Stores
Online Retailers
Other Sales Channel

By Fragrance Type (% of demand):

Flowers
Fruits
Wood Chips
Others

About Future Market Insights, Inc. (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

Artificial Intelligence in Healthcare Market to Reach US$ 181.8 Billion by 2032, Driven by Transformative Innovation and Rising Adoption | Future Market Insights, Inc.

“This excerpt highlights the potential of Artificial Intelligence (AI) to revolutionize healthcare. It suggests that AI will work alongside automation and precision medicine to improve patient care, treatment, and overall outcomes. The text entices readers to learn more about this “burgeoning market” through a comprehensive report by Future Market Insights (FMI).”

The global Artificial Intelligence (AI) in healthcare market is poised for phenomenal growth, with a projected valuation of US$ 181.8 billion by 2032, according to a recent analysis. This astronomical figure signifies a CAGR of 38.5%, reflecting the sector’s unprecedented surge and meteoric rise in recent years. The report attributes this remarkable growth to the accelerating adoption of AI technologies within the healthcare sector. These innovations, encompassing predictive analytics and personalized medicine, are transforming the industry landscape.

As healthcare providers continuously seek to enhance patient care, streamline operations, and improve overall efficiency, AI is emerging as a transformative force that is reshaping the delivery of healthcare services. This press release highlights the lucrative potential of the AI in healthcare market, offering valuable insights for investors, stakeholders, and industry leaders as they navigate this rapidly evolving landscape.

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What is AI in Healthcare:

Artificial intelligence (AI) is making a groundbreaking leap forward, fundamentally reshaping the healthcare landscape. This innovative approach is transforming data interpretation and analysis, paving the way for precise clinical diagnoses and tailored treatment strategies for a wide range of conditions.

AI’s impact goes beyond mere data processing. It delves into disease trends, analyzes symptoms, and employs sophisticated algorithms to empower healthcare professionals with enhanced guidance, feedback, and support in their daily routines. This transformative influence is revolutionizing the way medical professionals approach patient care.

The integration of AI extends further, collaborating seamlessly with wearable smart devices to decipher healthcare data and provide patients with convenient digital and virtual consultations. Additionally, AI-driven systems are streamlining and improving healthcare delivery by facilitating drug formulation and management services.

The future of AI in healthcare is exceptionally promising, with its potential to significantly enhance efficiency, precision, and accessibility within the entire healthcare ecosystem. This translates to equipping healthcare professionals with powerful tools for informed decision-making, optimizing patient care, and facilitating the seamless integration of technology into medical practices.

Top of Form

“We’re witnessing an era where Artificial Intelligence is becoming increasingly integral to the healthcare landscape,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The projected exponential growth of AI in healthcare underscores its transformative potential in shaping the future of medicine. It’s not just about data analysis; it’s about empowering healthcare providers and improving patient outcomes.”

The Future of AI in Healthcare: A Symphony of Automation, Precision, and Care:

The healthcare landscape is witnessing a revolution fueled by artificial intelligence (AI). The demand for AI solutions is surging, driven by a confluence of factors:

Robotics Reshaping Surgery and Rehabilitation: Surgical robots are no longer science fiction. They are skillfully assisting surgeons in neurological, orthopedic, and minimally invasive procedures, enhancing precision and minimizing risks. Rehabilitation too is benefiting from AI-powered robots, offering personalized therapy and improved outcomes for patients.
Digitization and Automation Streamlining Healthcare: The healthcare sector is embracing digitization and automation, and AI is at the forefront of this transformation. AI-powered systems are revolutionizing data management, ensuring secure and efficient handling of patient information. This, in turn, empowers personalized medicine, with AI algorithms analyzing vast datasets to tailor treatments and diagnoses to individual needs.
An Aging Population Finding Support in AI: As the population ages, the demand for healthcare services increases. AI is stepping in to bridge the gap, providing invaluable support to the elderly. Smart devices for elder care, fall detection systems, and even virtual companions powered by AI are helping seniors maintain independence and well-being.
Beyond the Physical: AI as a Caring Companion: The impact of AI extends beyond the physical realm. Empathetic robots are being developed to provide emotional support and companionship to patients facing physical and mental challenges. This innovative approach holds immense potential to improve patient well-being and address the growing need for compassionate care.

The rise of AI in healthcare is not just about technology; it’s about a paradigm shift. It’s about precision, efficiency, and personalized care, about empowering patients and alleviating the burden on healthcare systems. As AI continues to evolve and integrate into the healthcare landscape, we can expect even more transformative advancements, bringing a brighter future to patients and healthcare providers alike.

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Scope of Report Artificial Intelligence in Healthcare Market:

Report Attributes	Details
Growth Rate	CAGR of 38.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2012 to 2021
Forecast Period	2022 to 2032
Qualitative Units	Revenue in USD Billion, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segment Covered	By Offering Hardware Software Services By Technology Machine Learning Context-Aware Computing Natural Language Processing Deep Learning Querying Method Application Robot-Assisted Surgery Virtual Nursing Assistant Administrative Workflow Assistance Fraud Detection Dosage Error Reduction Clinical Trial Participant Identifier Preliminary Diagnosis End User Healthcare Providers Pharmaceutical and Biotechnology Companies Patients
Region Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Profiled	USA Canada Brazil Mexico Germany United Kingdom France Spain Italy	China Japan South Korea Malaysia Singapore Australia New Zealand GCC Countries South Africa Israel
AI in Healthcare Companies	Amazon Web Services Inc. Cloudmedx Inc. DeepMind Enlitic Inc. General Vision Inc. Google Inc. International Business Machines iCarbonX	Intel Corporation Medtronic Micron Technology Inc. Microsoft Corporation Nuance Communications Inc. Nvidia Corporation Siemens Healthcare and Welltok Inc.

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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.

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Nandini Singh Sawlani

Growth Projection: Global Wind Power Coatings Market Poised for 10.8% Yearly Increase

According to FMI analysis, the demand for wind power coatings market is experienced significant growth in recent years, reaching a value of US$ 1.32 billion in 2022. With the worldwide demand increasing at a CAGR of 10.1% between 2018 and 2022, the global wind power coatings market has also gained sufficient traction. Because of the increased need for energy caused by the world’s fast urbanization and industrialization, this trend is expected to continue even further.

The overall market is estimated to be worth US$ 1.46 billion in 2023. With the rising environmental issues related to traditional energy-producing techniques, the popularity of wind power is increasing, ultimately driving the need for their coatings. According to projections, this sector has a bright future, with a predicted CAGR of 10.8% between 2023 and 2033.

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Besides wind power, many other reasons are contributing to the rising demand for wind power coatings on a worldwide scale, which could lead to an overall market value of almost US$ 4.08 billion by 2033. Its applications are expanding in a variety of new sectors, like aircraft parts, demonstrating their adaptability outside the energy industry. Moreover, to improve the effectiveness and endurance of ship propellers and offshore constructions exposed to severe marine conditions, the maritime sector has turned into a prominent end-use industry these days.

The strong investment in renewable energy alternatives by governments and organizations is fueling the demand for wind power coatings across diverse geographies. The application of high-quality coatings has become crucial to ensuring the long-term performance and longevity of wind turbine components exposed to extreme outdoor conditions.

Key Takeaways from the Global Wind Power Coatings Market

North American countries generate almost half of the worldwide demand for wind power coatings. In 2022, the United States contributed almost 13.5% of the total revenue generated by the global market.
While the whole of Europe contributed to almost 32.4% of the global market in 2022, Germany held nearly 11.4% of the global revenue share.
China is the leading market in the Asia Pacific region, and it is anticipated to witness a year-on-year growth of 12.9% through 2033.

Competitive Landscape

Hempel, PPG, ICovestro, Akzo Nobel, BASF, Sherwin-Williams, Jotun, Teknos, 3M, Sika, Thomas Industrial Coatings, Mankiewicz Gebr, Bergolin, and Duromar are some top market players. These leading market players have deliberately set up distributed manufacturing facilities since regional markets have diverse climatic conditions and regulatory requirements.

Wind power coatings are in high demand these days, and this has created profitable prospects for new industry firms engaged in their supply and manufacture. So, some new businesses have concentrated on research and development to gain trust and penetrate the existing market. Additionally, attempts to enhance coating application methods have produced affordable and effective solutions, supporting their market expansion further in terms of sales volume.

To access a wider market and promote innovation, partnerships with wind power project developers and equipment manufacturers have also been extremely beneficial.

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Key Segments Covered in the Wind Power Coatings Industry Analysis

By Type:

Polymer Coatings
- Epoxy
- Polyurethane
- Acrylic
- Fluoropolymer
- Others
Ceramic Coatings
Metal Coatings

By Coating Method:

Spray
Roller
Others

By Application:

Offshore
- Offshore Blade
- Offshore Tower
- Offshore Interior
- Offshore Turbine Foundation
Onshore
- Onshore Blade
- Onshore Tower
- Onshore Interior
- Onshore Turbine Foundation

By Utilization:

OEM
Maintenance

By Region:

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

India Lab Grown Diamond Jewelry Industry Set to Surge with 14.8% CAGR by 2033: A Sustainable and Ethical Alternative to Traditional Diamonds

In 2022, the India lab-grown diamond jewelry market reached a valuation of US$ 264.5 million, with forecasts indicating robust growth at a compound annual growth rate (CAGR) of 14.8% over the next decade. By 2033, sales of lab-grown diamond jewelry are projected to surge from US$ 299.9 million in 2023 to a staggering US$ 1,192.3 million, reflecting increasing consumer acceptance and demand for sustainable and ethically sourced alternatives to traditional diamonds. This upward trajectory underscores a significant shift in consumer preferences towards environmentally friendly and affordable luxury options in the Indian jewelry market.

Lab grown jewelry acceptance is likely to increase the momentum of India lab-grown diamond jewellery market. In addition, increasing the export of lab grown diamond jewellery from India will increase demand.

The lab-produced diamonds have emerged as perfect alternatives to natural ones. These are synthesized in the laboratories and other places that have controlled settings. They do very little bad to the environment than mined diamonds. It has eco-friendly consumers to come towards lab grown diamonds and jewelry.

Leaders in the export of diamonds include European Union, United Arab Emirates, Botswana, Russian Federation and India. These areas make up nearly one-quarter of diamond exports worldwide.

India plays an important role in the international diamond economy as one of leading production centers for the cut and polished diamonds. This is because it has skilled craftsmen who are experts in making mostly micro-diamonds.

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Growth Factors:

Government Initiatives: Governments play a crucial role in raising consumer and trade knowledge about lab-grown diamonds by identifying long-term growth possibilities and supporting initiatives to promote their adoption and understanding.
Reclassification and Promotion: Governments can reclassify lab-grown diamonds under the diamond category, enabling them to be showcased and promoted alongside mined diamonds at trade events and exhibits. This reclassification helps consumers learn about the technical features of lab-grown diamonds and eliminates negative associations with terms like “synthetic” or “artificial.”
Awareness Campaigns: Increased awareness campaigns focusing on the benefits and sustainability of lab-grown diamonds help educate consumers and the trade about the advantages of choosing these diamonds over mined ones.
Technological Advancements: Continuous advancements in lab-grown diamond production techniques and technologies lead to improved quality, larger sizes, and greater availability of these diamonds in the market, driving growth and acceptance.
Investment in Research and Development: Manufacturers, polishers, and jewelry designers are investing in research and development to enhance their understanding of lab-grown diamonds and innovate new methods to meet rising demand. This investment in R&D gives them a competitive edge and contributes to the overall growth of the lab-created diamond industry.

Key Takeaways from India Lab Grown Diamond Jewelry Market:

The India lab grown diamond jewelry market is set to reach US$ 1,192.3 million by 2033.
Lab grown diamond jewelry sales in India are forecast to rise at 14.8% CAGR through 2033.
In 2023, India lab grown diamond jewelry industry will cross a valuation of US$ 299.9 million.
Based on cut type, demand will remain high for faceted style diamond jewelry in the market.
By application, necklaces and rings together hold a prominent share of India market.

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Who is Winning?

Leading players in India lab grown diamond jewelry market include-

Avtaara
Jewelbox
Limelight Lab Grown Diamonds Ltd.
SYNDIORA
Fiona Diamonds
Ananta
DiAi Designs
Maiora Diamond
Wondr Diamonds
Others

India Lab Grown Diamond Jewelry Market by Category

By Application:

Bangles
Necklaces
Pendant
Earrings
Rings
Anklet
Broaches

By Technique:

Chemical Vapour Deposition
High – Pressure High Temperature

By Cut Type:

Faceted Style
Non-Faceted

By Size:

0.3
0.5
1.00
1.5
2.00

By Region:

North
South
East
West

About Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the consumer product industry, the team is happy to help with every business intelligence research and consulting requirement.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Global Oxycodone Market is expected to grow at a 5.7% CAGR through 2033

The global oxycodone market is on the brink of a significant upsurge, with Future Market Insight’s latest projections pointing towards an impressive valuation of US$ 8.92 billion by 2033. This forecast highlights a remarkable Compound Annual Growth Rate (CAGR) of 5.7%, showcasing substantial progress from the expected value of US$ 5.11 billion in 2023.

In light of these promising statistics, FMI is excited to announce its anticipation of exponential growth within the oxycodone market. As a leading player in the pharmaceutical landscape, FMI is poised to capitalize on the industry’s burgeoning opportunities and contribute to its upward trajectory.

The pharmaceutical sector is undergoing notable transformations, and the oxycodone market is positioned as a major beneficiary of these shifts. Future Market Insight’s forecast underscores the industry’s potential to emerge as a significant player on the global stage, and FMI is committed to driving innovation and meeting the evolving needs of patients worldwide.

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Senior citizens are becoming increasingly prevalent globally, which is driving market growth. This population is more prone to getting cancer. Between 2015 and 2050, there will be a projected 12% to 22% increase in the proportion of persons 60 and older.

Global healthcare spending has significantly increased during the last 20 years. Spending on opioid drug research has also significantly grown. Additionally, there has been a discernible rise in clinical trials specifically involving oxycodone. These promising trends are expected to persist throughout the life of the projection.

The cancer incidence is the proportion of people who have not yet received a cancer diagnosis. It takes into account both the risk that cancer will manifest and the typical amount of time that people live after being diagnosed. Oxycodone, which is often used to treat cancer, is projected to have a significant impact on growth.

Palliative care, which focuses on improving patient quality of life, is provided to patients with life-threatening illnesses. Oxycodone is necessary for patients undergoing palliative care to adequately control pain. For those who have advanced cancer or other serious illnesses, this is particularly true. As palliative care is given increasing attention by healthcare organisations, there is a rising need for oxycodone.

One of the primary factors anticipated to impede market growth is the rising personal apprehension regarding the side effects linked to cancer medications. Other restraining factors include

limited awareness of these drugs among individuals in low and middle-income countries
the absence of reimbursement policies for cancer treatment in certain countries
the potential for misuse, abuse, and fatal outcomes of oxycodone overdose requires lower therapeutic dosages and strict regulations

The potential for addiction and the negative effects of opioids have generated interest in non-opioid options to treat pain. Non-pharmacological therapies and the creation of new drug classes are examples of non-opioid options. Businesses that prioritise non-opioid pain treatment research and development might take a commanding position in the rapidly changing healthcare market.

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Key Takeaways:

The oxycodone industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.5% through 2033
The United States held a 91.3% share of the global oxycodone industry in 2022
With a CAGR of 4.1% over the forecast period, India is predicted to develop rapidly in the oxycodone industry
In 2022, Japan had a 23.7% share of the oxycodone industry globally
The oxycodone industry in China is expected to increase, registering a CAGR of 5.6% over the forecast period
The pain management segment emerged as the leading power in the oxycodone industry, securing a 78.68% share of the global market
With a significant market share of 70.31%, the long acting oxycodone segment emerged as the dominant force in the oxycodone industry
The oxycodone industry was predominantly led by the retail pharmacies segment, capturing a 75.8% global share of the global market

Competitive Landscape in the Oxycodone Market:

Key players are implementing diverse strategies to uphold their market positions and expand their presence on a global scale. Following are a few of these strategies:

Developing oxycodone formulations that are difficult to misuse
Investing in improving efficacy and safety
Conducting rigorous clinical trials and generating robust scientific evidence to support the effectiveness
Continuously enhancing oxycodone formulations based on advancements
Strong campaigns to increase brand awareness
Working with healthcare providers and institutions
Ensuring adherence to quality and safety regulations
Targeting regions with high demand
Offering complementary medications and alternative routes

Recent Developments by Key Players in the Oxycodone Market:

Daiichi Sankyo Company, also known as Daiichi Sankyo, introduced a new generic version of oxycodone hydrochloride hydrate injection to treat cancer pain in June 2019. This unique formulation is called Oxycodone Injections 10 mg and 50 mg “Daiichi Sankyo.” The introduction of this new formulation took place in Japan.

Daiichi Sankyo and Inspirion Delivery Sciences LLC announced their collaboration in May 2017. Daiichi Sankyo took the lead in commercializing RoxyBond™ (oxycodone hydrochloride) immediate-release tablets in the United States. These tablets received FDA approval and are designed for oral use (CII). Inspirion provided an additional salesforce as part of their co-promotion rights under the License Agreement.

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Leading Oxycodone Manufacturers as Profiled by FMI include:

Teva Pharmaceutical Industries Ltd.
Purdue Pharma L.P
Daiichi Sankyo
Acorda Therapeutics
Teikoku Pharma USA, Inc.
Mylan N.V
Endo Pharmaceuticals Inc.
Janssen Pharmaceuticals, Inc.

Key Segments Covered in Oxycodone Market Study:

By Oxycodone Type:

Long-acting oxycodone
Short-acting oxycodone

By Application:

Pain Management
De-addiction

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani