Market Research Blog – Page 3573 – New Product Development

Unlock Sustainable Urban Mobility: Invest in the US$ 6.2 Billion Electric Cargo Bike Market

The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period.

The rise of e-commerce has sparked an increased need for last-mile delivery services, a demand that electric cargo bikes are well-positioned to meet. In urban areas, where congestion and limited parking spaces can hinder delivery vans or trucks, electric cargo bikes offer an efficient solution. These bikes enable quicker and more cost-effective deliveries, addressing the challenges of congested urban environments. With the continued growth of e-commerce, the demand for electric cargo bikes is expected to rise further.

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The demand for electric cargo bikes is anticipated to rise due to increased investments from key players driven by the growing e-commerce industry. For example, on November 24, 2022, Amazon, specializing in e-commerce, announced plans to expand its United Kingdom electric-cargo bike fleet in the coming years. This expansion aims to enhance foot-based deliveries, contributing to the decarbonization of the transportation network used for package deliveries across the country.

The rise in e-commerce and the impact of the pandemic have led to an increased demand for home deliveries of products and services. In response, businesses and industries are investing more in improving logistics and transportation to minimize downtime, save costs, and enhance customer satisfaction.

Key Takeaways

The United States electric cargo bike market is expected to grow with a CAGR of 9.5% during the forecast period.
The demand for electric cargo bikes in Australia is expected to grow with a CAGR of 11.5% during the forecast period.
By battery type, the lithium-ion battery segment is projected to grow with an impressive CAGR of 12% during the forecast period.
The market in Germany is expected to grow with a significant CAGR of 11.6% throughout the forecast period.

“The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period,” comments an FMI analyst.

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Competitive Landscape

The market for electric cargo bike is highly competitive, with numerous prominent industry players making substantial investments in their production.

The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

Some recent developments in the electric cargo bike market are:

In October 2022, French company Douze Cycles introduced a series of cargo bikes comprising four models, three of which feature electric assistance. These bikes offer an impressive hauling capacity of up to 205 kg.
In June 2022, Tern unveiled NBD, a low-step e-bike capable of supporting a maximum gross vehicle weight of 140 kg. It features a rear rack with a capacity of up to 27 kg and a front rack that can handle up to 20 kg.

Key Segments Profiled in the Electric Cargo Bike Industry Survey

By Product Type:

Two Wheeled
Three Wheeled
Four Wheeled

By Battery Type:

Lead-Based
Nickel Based
Lithium Ion

By End-Use:

Courier & Parcel Service Provider
Large Retail Supplier
Personal Transportation
Service Delivery
Waste & Municipal Services

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author

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

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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Growing Diabetic and Hypertensive Population Boosts Prinzmetal Angina Therapeutics Market to achieve a staggering US$ 17.2 Billion by 2033

The global prinzmetal angina therapeutics market demand is expected to surpass an impressive valuation of US$ 10.7 Billion in 2023 and is projected to reach US$ 17.2 Billion by 2033, trailing a CAGR of 4.85%. The development of biosimilars and biobetters, growth in diabetic and hypertension population due to unhealthy lifestyle and rise in consumption of alcohol and smoking are the significant factors responsible for fueling growth of angina market during the forecast period. Calcium-channel blocking agents are promising drugs for PVA. Verapamil hydrochloride, the prototype calcium-channel blocking agent for arrhythmias, is effective for PVA, which will drive market growth.

Nifedipine, diltiazem, and verapamil are all highly and equally effective in reducing painful and painless ischemic episodes in Prinzmetal’s variant angina which will also bolster the product demand. Use of Beta-blockers, particularly propranolol and metoprolol in therapeutic use in Prinzmetal Angina will keep the market afloat. Additionally, increasing investments and spending by consumers in healthcare along with the growing prevalence and incidence of angina pectoris also heighten the overall growth of the market.

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However, the downward pricing pressure owing to its commodity nature restrains the market’s growth. The high cost for surgical procedures like coronary bypass surgery is also anticipated to hamper the overall growth of the market. The various technological advances in personalized cardiovascular medicine as well as the enhancement of innovative drug delivery systems are anticipated to generate lucrative opportunities for the market. On the other hand, the increased use of minimally invasive surgeries and shortage of skilled professional have the potential to challenge the market’s growth.

Key Takeaways from the Market Study:

North America is expected to dominate the market of Prinzmetal Angina therapeutics with a market share of 42% during the forecast period.
The product demand in South Asia is expected to move ahead with a CAGR of 4%.
China is anticipated to dominate the Prinzmetal angina drug market in South Asia
By drug class, Beta Blockers are projected to lead market with highest market share.
Hospital Pharmacies is estimated to dominate the market with a segment share of 55% during the forecast period.
US dominated the market in North America with a market share of around 40% in 2022.
One gene-based therapy, Generx (Ad5FGF-4), and two cell-therapy treatments, CLBS16 and CLBS14 anticipated to launch in the US will bolster the market during the forecast period.

“Advancements in medical therapeutics, extensive use of beta blockers and adoption of innovative drug delivery systems will bolster market growth,” comments an FMI analyst.

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Competitive Landscape:

Key players in the Prinzmetal Angina Market are:

Sanofi S.A.
Gilead Sciences Inc.
AstraZeneca Plc
Pfizer Inc.
Eli Lilly and Company
Amgen Inc.
GlaxoSmithKline Plc
Tasly Pharmaceuticals Inc.
Novartis AG
XyloCor Therapeutics

Some recent developments in this industry are:

In March 2022, Zydus Lifesciences received approval from the United States Food and Drug Administration (FDA) to market its Nitroglycerin Sublingual Tablets in the strengths of 0.3 mg, 0.4mg, and 0.6mg (US RLD: Nitrostat Sublingual Tablets) for angina.
In October 2021, BioCardia, Inc. announced the treatment of the patient in their CardiAMP Cell Therapy Chronic Myocardial Ischemia Trial for patients with refractory angina.

Key Segments Profiled in the Prinzmetal Angina Therapeutics Market Survey:

By Drug Class:

Beta Blockers
Calcium Antagonists
Anti-coagulants
Anti-Platelets
Anti-Anginal
ACE Inhibitors
Nitrates

By Disease Type:

Stable or Chronic Angina
Unstable Angina
Variant and Microvascular Angina

By Distribution Channel:

Online Pharmacies
Retail Pharmacies
Hospital Pharmacies

By Region:

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

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About Future Market Insights (FMI)

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

Global Shea Butter Market Rockets Anticipates USD 5.58 Billion by 2032 Unveiling Key Trends and Market Overview for Savvy Investors

The global shea butter market According The market is expected to grow rapidly, according to Future Market Insights (FMI), which projects that a 7% CAGR will increase its value to US$ 5.58 billion by 2033. Because consumers are consuming more chocolate and candies, manufacturers are investigating healthier substitutes like shea butter. Additionally, their awareness of the health dangers associated with trans fatty acids is

expanding. This flexible material’s increasing popularity can be attributed to its capacity to enhance human health and meet the discerning tastes of consumers. In an attempt to improve cardiovascular health, governments and public campaigns—particularly in the UK—are aggressively restricting the use of products that contain trans fatty acids.

Future Market Insights (FMI) projects that the global shea butter market will develop at a compound yearly growth rate (CAGR) of 7. percent, reaching US$ 5.58 billion by 2033. In response to the rising consumption and binge eating of these products, producers of chocolate and confections are creating substitutes. Shea butter is one such replacement that is good for people’s health.

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Trans fatty acid consumption is now universally acknowledged to be detrimental to cardiovascular health. This has resulted in widespread public campaigns and official measures, particularly in the U.K., to limit the consumption of food products containing such compounds.

Butter Market Size Value in 2022	US$ 2.75 Billion
Shea Butter Market Forecast Value in 2032	US$ 5.58 Billion
Shea Butter Market Growth Rate (2022 to 2032)	~7.7% CAGR
Forecast Period	2022-2032
Collective Value Share: Top 3 Countries (2021A)	42.4	%

Major market players, most notably Cargill, are launching shea butter as a substitute for cocoa butter in the food business in an effort to profit from this trend. Shea butter demand has increased as a result of a number of factors associated to products made with cocoa butter, including supply volatility, high pricing, variable quality, and other variables.

Shea butter is becoming more and more popular as a result of its widespread use in a range of confectionary products, including nibbles, sweets and jelly, toffees, chocolate, and others.

The idea of premiumization, which includes a superior mouthfeel and an extraordinary quality of such final products, will cause the shea butter market to rise steadily over the course of the projected period.

Key Takeaways from Market Study

The shea butter market is expected to reach a valuation of US$ 2.6 Bn in 2022.
Sales of shea butter market is expected to increase at 7.7% CAGR between 2022 and 2032.
Global shea butter demand is projected to grow year-on-year (Y-o-Y) growth of 8.2% in 2022.
The shea butter market is growing with a notable boost towards the production to reach USD 5.5 Bn by 2032.
In terms of nature, the organic segment is anticipated to dominate the market over the forecast period
In terms of grade, the unrefined form of shea butter is expected to witness significant growth over the assessment period.

“Growing demand for shea butter as a healthy alternative ingredient to trans-fat products, is increasing with soaring market share. Due to higher availability of raw materials and reduced environment impact as a clean label product, key players are introducing raw shea butter form in cosmetic industry to gain revenue,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of shea butter are focusing on sustainable product developments and also looking for investing in state-of-the-art processing facilities to further help the industry growth.

On September 8, 2020, Bunge Loders Croklaan (BLC) made an official announcement on establishing a state-of-the-art processing facility of shea butter in Tema, Ghana along with the campaign ‘Where Life Grows’ to celebrate efforts of the company to build a sustainable and resilient supply chain of shea butter in Africa.
On March 11, 2021, Fuji Oil Holdings, Inc. had launched a shea sustainability program known as ‘Tebma-Kandu’ in north Ghana to facilitate women empowerment including continuous improvement activities about reforestation and local value creation.

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Shea Butter Market by Category

By Nature:

Organic
Conventional

By Grade:

Grade A (raw or unrefined)
Grade B (refined)
Grade C (highly refined)
Grade D (lowest uncontaminated grade)
Grade E (with contaminants)

By Application:

Food Processing
Cosmetics & Personal Care
Pharmaceuticals Industry
Others

By Region:

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

Frequently Asked Questions

How much worth is the shea butter industry?
At what CAGR is the market poised to expand through 2032?
How has the performance of shea butter been over the past half-decade?
What will be the market for shea butter worth in 2032?
Who are the key players operating in the market?
Which are the top countries driving the demand in shea butter market?

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About Future Market Insights (FMI)

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

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 Automotive Seat Heater Market Size to Reach US$ 5.8 Billion by 2033

The global automotive seat heater market size reached US$ 2,871.1 million in 2022. Over the forecast period, global automotive seat heater demand is anticipated to rise at a 6.7% CAGR. Total market value is predicted to increase from US$ 3,030.0 million in 2023 to US$ 5,790.8 million by 2033.

The market for car seat heaters is expanding due to the escalating rivalry in the automotive sector. The availability of straightforward financing for purchasing a vehicle and increased consumer income & affordability are other key reasons propelling the market. Moreover, the expansion of the automotive sector moves the global market’s growth.

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Increasing demand for energy-efficient & comfortable cars, inclination toward premium passenger cars, and acceptance of carbon fiber technology are a few factors expected to propel the automotive seat heater market. The industry is expanding because of the health advantages, which include instantaneous warming and comfort from sore backs. The market is expanding due to the rising aftermarket sales of car seat heaters.

Vehicles with this technology have a feature that allows the driver to customize the temperature of the cushion and backrest independently. Since automotive seat heaters are a relatively new technology, they could not be available in older cars. Nevertheless, with the help of experts providing auto upgrade services, the modifications can be made after the sale. This can also be accomplished with several seat heating kits available.

Seat warmers operate through electrical heating components integrated into the seat cushion or the backseat. In general, the materials are safe and very electrically resistant. Converting electrical energy into thermal energy provides comfort for the seaters. Throughout the forecast period, the automotive seat heater market is expected to surge due to advancements in technology and sophisticated features like adjustable heating levels and controlled, constant warmth.

Key Takeaways from the Market Study-

The global demand for automotive seat heaters is expected to reach US$ 5,790.8 million by 2033.
The market is expected to rise at a CAGR of 6.7% from 2023 to 2033.
The United States is projected to reach a market valuation of US$ 1,154.4 million by 2033.
Based on region, China is expected to reach US$ 288.9 million by 2033.
Based on application, the driving seat segment reached a valuation of US$ 1,902.5 million in 2023.

“Due to increasing sales of electric vehicles, the automobile seat heater market is expected to experience high growth through the forecast period. Seat and steering wheel heaters are standard for most electric vehicles to heat a car area without warming the interior. Regarding additional amenities, it is among the best features electric cars (EVs) provide.” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape

Continental AG, Panasonic Corporation, Gentherm Incorporated, and II-VI Incorporated are the leading manufacturers and suppliers of automotive seat heaters listed in the report. Prominent automobile seat heater manufacturers are allocating resources toward ongoing research to provide novel items and augment their manufacturing capabilities to satisfy consumer demand. To increase their presence, they also tend to implement growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

Key Companies Profiled

Continental AG
Panasonic Corporation
Gentherm Incorporated
II-VI Incorporated
Seat Comfort Systems, Inc.
Roadwire LLC
Rostra Precision Controls Inc.
Firsten Automotive Electronics Co., Ltd.
Lear corporation
Guangzhou Tachibana Electronic Co., Ltd.

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Automotive Seat Heater Market Segmentation

By Product Type:

Carbon Fiber Seat Heater
Resistance Wire Seat Heater

By Vehicle Type:

Compact
Mid-size
Luxury
SUVs
Commercial Vehicle
Recreational Vehicle

By Application:

Driving Seat
Passenger seat

By Heat Setting:

Fixed Setting
Variable Setting

By Sales Channel:

OEM
Aftermarket

By Region:

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

Author

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

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

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.

Contact Us:

Nandini Singh Sawlani

Personalized Healthcare on the Rise: Patient Monitoring Market is Predicted to Reach US$ 125.2 Million by 2032 | FMI

According to the latest market study report by Future Market Insights, the global patient monitoring devices market experienced robust sales, reaching US$ 46.4 Million in 2022. The report forecasts an impressive growth trajectory, projecting the market to attain a valuation of US$ 125.2 Million by 2032, with a Compound Annual Growth Rate (CAGR) of 10.5% from 2022 to 2032.

Among the various segments, Blood Glucose Monitoring Systems are expected to drive significant market revenue, with a predicted CAGR of approximately 12.2% during the forecast period. This surge in demand is indicative of the increasing focus on continuous monitoring and management of patient health.

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The patient monitoring devices industry has undergone substantial growth and innovation in recent years, reshaping the landscape of healthcare by transforming the way providers track and manage patient health. These devices, which continuously monitor crucial physiological parameters such as heart rate, blood pressure, respiratory rate, and temperature, have become indispensable tools for healthcare professionals.

By providing real-time data and instant alerts, patient monitoring devices empower healthcare providers to detect any changes in a patient’s condition promptly. This proactive approach enables timely and appropriate interventions, ultimately improving patient outcomes.

The key factors driving the growth of the patient monitoring devices industry include advancements in technology, increased awareness of preventive healthcare, and the rising prevalence of chronic diseases. These factors contribute to a growing demand for innovative and efficient monitoring solutions, propelling the market forward.

As the industry continues to evolve, stakeholders, including manufacturers, healthcare providers, and investors, are keenly watching the developments and opportunities within this burgeoning market. Future Market Insights’ comprehensive report provides valuable insights for informed decision-making and strategic planning in this dynamic landscape.

The projected growth of the patient monitoring devices industry underscores its pivotal role in shaping the future of healthcare. As technology continues to advance, these devices will likely play an even more integral role in enhancing patient care and contributing to the overall efficiency of healthcare systems globally.

Region-wise Insights Patient monitoring devices industry:

North America:
- North America, including the United States and Canada, has been a significant contributor to the patient monitoring devices industry due to its advanced healthcare infrastructure and high healthcare spending.
- The adoption of innovative and advanced patient monitoring technologies, such as wearable devices and remote monitoring solutions, has been on the rise in this region.
- Favorable reimbursement policies and increased awareness of healthcare technology have further fueled market growth.
Europe:
- European countries have a well-established healthcare system and a strong focus on improving patient outcomes, which has driven the demand for patient monitoring devices.
- Government initiatives to promote digital health solutions and the integration of electronic health records have encouraged the adoption of these devices.
- The region has witnessed increasing partnerships and collaborations between medical device manufacturers and healthcare providers.
Asia-Pacific:
- The Asia-Pacific region has shown significant potential for growth in the patient monitoring devices industry due to its large population base, increasing healthcare investments, and rising prevalence of chronic diseases.
- Countries like China and India have been investing in healthcare infrastructure and technology, leading to increased adoption of patient monitoring devices.
- There’s a trend towards affordable and portable monitoring solutions to cater to the diverse healthcare needs of this region.
Latin America:
- Latin America has been gradually adopting patient monitoring devices as healthcare awareness improves and disposable incomes rise.
- The market growth is influenced by the increasing demand for chronic disease management and a shift towards value-based healthcare.
- Economic challenges and variations in healthcare infrastructure across countries can impact the pace of adoption.

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Middle East and Africa:
- The Middle East and Africa have shown potential for market growth, driven by improving healthcare infrastructure and rising healthcare expenditure.
- Telemedicine and remote patient monitoring solutions have gained traction in addressing healthcare challenges in remote and underserved areas.
- Cultural and economic diversity across the region can lead to varying adoption rates of patient monitoring devices.

Competitive Analysis:

Honeywell,
American Telecare,
Roche,
Philips Healthcare,
Intel,
Welch Allyn,
Health anywhere Inc.,
Johnson & Johnson,
Bosch,
Biotronik,
Covidien Plc

Segments Covered in Patient monitoring devices industry Analysis:

By Product Type:

Blood Glucose Monitoring Systems
- Self-monitoring Blood Glucose Systems
- Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
- ECG Devices
- Implantable Loop Recorders
- Event Monitors
- Mobile Cardiac Telemetry Monitors
- Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices
- Low-acuity Monitoring Devices
- Mid-acuity Monitoring Devices
- High-acuity Monitoring Devices
- Overall
- Pulse Oximeters
- Spirometers
- Capnography
- Peak Flow Meters
Temperature Monitoring Devices
- Handheld Temperature Monitoring Devices
- Table-top Temperature Monitoring Devices
- Wearable Continuous Monitoring Devices
- Invasive Temperature Monitoring Devices
- Smart Temperature Monitoring Devices

By End User:

Hospitals
Ambulatory Surgery Centers
Home Care Settings
Other End-user

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Automotive Pillar Market Poised for Steady Growth, Reaching Over US$ 10,690.3 million by 2033

The worldwide automotive pillar market growth is anticipated to amass a revenue of US$ 10,690.3 million by 2033 as opposed to US$ 7,016.9 million in 2023. The market is set to experience a moderate CAGR of 4.3% from 2023 to 2033.

Several factors are contributing to this market growth:

Increasing demand for vehicles: The rising global demand for cars and other vehicles is driving the need for automotive pillars.
Focus on safety and security: Stringent regulations and growing consumer focus on safety are propelling the demand for robust and reliable pillars.
Lightweighting trends: Manufacturers are increasingly using lightweight materials like aluminum and high-strength steel to improve fuel efficiency, creating opportunities for specialized pillar designs.

The market is expected to see continued advancements in pillar design and materials, with a focus on balancing weight, strength, and aesthetics. Additionally, the Asia Pacific region is anticipated to be a key growth driver, fueled by the region’s expanding automotive industry.

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Competitive Landscape

In a competitive market, significant participants are focusing on increasing investment in research and development efforts to produce novel automotive pillars. These businesses also concentrate on product development and upgrades while also employing strategies to expand their product portfolio. In a recent development, in December 2022, Panasonic Automotive held demonstrations of Systems of Systems (CPSoS) for the automotive pillar.

Gestamp, Trinseo SA, G-Tekt Corporation, Shiloh Industries, Sewon, and Toyoda Iron Works Co. Ltd., among others, are a few of the key players in the automotive pillar market profiled in the full version of the report.

Automotive Pillar Market Outlook by Category

By Product Type:

Pillar A
Pillar B
Pillar C
Pillar D

By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

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By Sales Channel:

Original Equipment Manufacturer
Aftermarkets

By Region:

North America
Latin America
East Asia
South Asia and Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltics Countries
Middle East and Africa

Author

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.

Contact Us:

Nandini Singh Sawlani

Rare Gas Market Poised for Significant Growth in the Chemical Industry: Latest Trends and Insights

The rare gas market is anticipated to witness substantial growth, with projections indicating a size of US$ 3.6 billion by 2022 and a promising compound annual growth rate (CAGR) of 5.2% from 2022 to 2032. This trajectory suggests a significant expansion in sales, with total demand expected to surpass US$ 6 billion by 2032. Such growth prospects underscore the increasing importance and utilization of rare gases across various industries, indicating lucrative opportunities for market players in the coming years.

In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen is used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector.

Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places.

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Moreover, growing applications in aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for ion thrusters. As the number of space missions is increasing all around the world, the need for xenon gas is expected to increase.

Further, krypton is extensively used in construction industry because of its effective insulation and energy efficiency in high-end triple and double glass windows.

“Rare gas ionization provides a strong white light which is used in flashbulbs, fluorescent lamps, airport runway lights, and lasers. For brighter light, rare gas is effective for indoor light application. Growing demand for brighter light for various applications will fuel growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

By supply mode, sales in the cylinders segment will increase at a 5.3% CAGR through 2032.
In terms of applications, demand in the lighting segment will surge at a 4.8% CAGR over the forecast period.
The U.S. rare gas market is anticipated to create an incremental opportunity of US$ 385.9 Mn over the forecast period.
China will account for a dominant share in the East Asia rare gas market, with demand growing at a 5.3% CAGR through 2032.

Competitive Landscape

Air Gas, Air Liquide, Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. are some of the leading players operating in the global rare gas market.

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Key Segments Covered In Rare Gas Industry Research

By Rare Gas Type:

Argon
Krypton
Neon
Xenon
Helium

By Supply Mode:

Cylinders
Bulk & Micro Bulk
Drum Tanks
On-Site

By Application:

Healthcare
Manufacturing
Electronics
Laser
Lighting
Others

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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Global Kounis Syndrome Market Poised for Remarkable Growth, Reaching US$ 15,990 Million by 2033 driven by the upswing in lifestyle-related ailments | FMI

The global kounis syndrome market size is on a trajectory of substantial growth, with the market size expected to reach US$ 9098.96 Million in 2023 and surge to an impressive US$ 15,990 Million by 2033, reflecting a notable Compound Annual Growth Rate (CAGR) of 5.8%. This promising outlook is rooted in various factors propelling the market’s expansion.

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Key Factors Driving Growth:

Prevalence of Chronic Diseases: The escalating incidence of chronic diseases such as coronary artery disease, ischemic heart disease, and vascular diseases has become a significant driver for the Kounis Syndrome market. The need for effective diagnosis and treatment options is fueling the demand for products within this sector.
Rising Geriatric Population: With an aging global population, the prevalence of health issues associated with advanced age is on the rise. The geriatric demographic is particularly susceptible to conditions like Kounis Syndrome, contributing to the expanding market size.
Diverse Product Offerings: Market participants are playing a pivotal role in the industry’s growth by providing a wide range of products catering to different aspects of Kounis Syndrome. This diversity is enhancing accessibility and driving market penetration.

Historical Growth and Future Projections:

The Kounis Syndrome market has displayed robust growth in the past, with a growth rate of 4.1% between 2017 and 2022, according to historical data. Looking ahead, the industry is poised for even more significant expansion, fueled by the increasing prevalence of lifestyle-associated disorders.

Factors Contributing to Future Growth:

Lifestyle-Associated Disorders: The market is anticipated to witness substantial growth due to the rising prevalence of lifestyle-associated disorders such as diabetes, elevated cholesterol levels, and obesity. These factors are contributing to an increased incidence of Kounis Syndrome.
Hypertension and Drug Adoption: Growing incidences of hypertension, coupled with the increasing adoption of drugs for cardiovascular conditions, are expected to be key contributors to market growth over the forecast period.
Smoking Abuse: The detrimental effects of smoking on cardiovascular health are well-established, and as smoking abuse continues, it is likely to trigger a surge in Kounis Syndrome cases, further boosting market demand.

In conclusion, the global Kounis Syndrome market is entering a phase of remarkable growth, driven by a convergence of demographic trends, lifestyle factors, and advancements in product offerings. The industry is expected to witness sustained expansion, presenting opportunities for stakeholders and healthcare professionals alike.

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Key Takeaways from the Market Study:

Kounis syndrome market to register 5.8% CAGR for the forecast period 2023-2023
By distribution channel, the hospital’s segment is expected to hold 55% of the market share in 2023 for Kounis syndrome market.
North America is expected to possess 40% market share for Kounis syndrome market in 2023.
Asia Pacific Kounis syndrome market size is expected to possess 36% market share in 2023.

“The increasing prevalence of heart related diseases along with technological integration to manufacture medication and treatment is boosting the growth of the kounis syndrome market,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI) analyst.

Competitive Landscape:

Due to the presence of a large number of market players, the global kounis syndrome market is highly competitive in nature. The firms have to go through many business development activities such as new product development, mergers, collaboration, and geographical expansion to sustain themselves in the market.

Jordan Hospital & Medical Center
Fortis Hospital Anandapur
Samsung Medical Center
Hospital Mae de Deus
Premier Medica
National Taiwan University Hospital
Muro General Hospital
Herzinstitut Berlin
Kyung Hee University Hospital
HELIOS Dr. Horst Schmidt Hospital Wiesbaden

Recent Developments:

Samsung Medical Center, a key player in the kousin syndrome market is focusing on increasing its presence in different geographical regions to treat heart-related ailments.
Fortis Hospital, another key player in the kousin syndrome market is investing in research and development for manufacturing effective medication for treating kousin syndrome.

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Key Segments Profiled in the Kounis Syndrome Market Survey:

Treatment Procedures:

Tests
- Blood tests
- Chest X-Ray
- ECG
- EKG
- MRI
- Angiography
Treatment
- Beta-lactam antibiotics
- Non-steroidal anti-inflammatory drugs
- Rocuronium
- Others

Distribution Channel:

Laboratories
Hospitals & Clinics

Region:

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

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Nandini Singh Sawlani

Chronic Disease Burden: The Unforeseen Catalyst for Barlow’s Syndrome Market is expected to reach US$ 617.57 billion by 2033

The global barlow’s syndrome market demand is anticipated to reach a market size of US$ 181.93 billion in 2023 and US$ 617.57 billion by 2033, at a CAGR of 13%. The global ageing population and rising frequency of chronic diseases are both contributing to the growth of the Barlow’s syndrome market. From 2017 to 2022, the market for Barlow’s syndrome experienced a CAGR of 9.7%.

The COVID-19 pandemic affected the development of the barlow’s syndrome market owing to the disruption in the supply chain management especially in the healthcare sector. Moreover, the research and development for the medication and treatment for barlow’s syndrome were affected owing to the lack of resources during the pandemic period.

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The growing prevalence of barlow’s syndrome in North America and Asia Pacific is expected to drive the overall growth of barlow’s syndrome market. Key players in the barlow’s syndrome market are focusing on innovating and launching medication and increasing presence in different regions.

Key Takeaways from the Market Study:

North America is expected to possess 45% market share for barlow’s syndrome market in 2023.
Asia Pacific is expected to share 37% market share for barlow’s syndrome market in 2023.
By diagnosis, echocardiogram is expected to possess 33% market share for barlow’s syndrome market in 2023.
By end users, hospitals are expected to hold 50% market share for barlow’s syndrome market in 2023.

“The growing prevalence of barlow’s syndrome along with the presence of medications and minimally invasive treatments is creating lucrative opportunities for barlow’s syndrome market.” states a FMI analyst

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Competitive Landscape:

Key players in the barlow’s syndrome market are

JenaValve Technology Inc
TTK Healthcare
Lepu Medical Technology Co. Ltd.
Abbott Medtronic
Sorin Group
Micro Interventional Devices Inc
Boston Scientific Corporation
CryoLife Inc.
Edward Lifesciences Corporation
Medtronic

Medtronic, a key player in the barlow’s syndrome market is focusing on increasing its presence across the globe to reach a patient base of barlow’s syndrome market.
Lepu Medical Technology Co. Ltd, another key player in the barlow’s syndrome market is focusing on developing specific medications for treating barlow’s syndrome.

Key Segments Profiled in the Barlow’s Syndrome Market Survey:

Type:

Mitral Valve Regurgitation
Mitral Valve Stenosis
Mitral Valve Prolapse

Treatment:

Medications
- Beta-Blockers
- Calcium Blockers
Surgery

Diagnosis:

X-Ray
Echocardiogram
Electrocardiogram

End Users:

Specialty Clinics
Research Institutes
Hospitals & Surgical Centers

Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Evolving Landscape: Merging Technology and Research to Benefit Ebstein’s Anomaly Market is projecting a US$ 30 Billion by 2033

During the forecast period 2023-2033, the global ebstein’s anomaly market size is expected to grow at a value of 8% CAGR, according to Future Market Insights. The global Ebstein’s anomaly industry is expected to garner a market value of US$ 13.90 Billion in 2023, By the year 2033, the global market for Ebstein’s anomaly is expected to rise up to a market valuation of US$ 30 Billion. The growing prevalence of Ebstein’s anomaly in babies is expected to drive the growth of the market.

During the COVID-19 pandemic, the treatment for Ebstien’s anomaly observed a downfall owing to the disruption in supply chain management across the globe. Moreover, there was a slump in the research and development activities owing to the lack of funds caused by COVID-19 pandemic. In the upcoming forecast period, the use of technologically advanced healthcare related machines is expected to offer different medications and treatment for the ailment.

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Furthermore, North America and Asia Pacific are two major regions contributing to the growth of the Ebstein’s market. This is owing to various government initiatives along with presence of advanced treatments in the region. A growing inclination towards hospitals has been observed due to the availability of varied nature of diagnosis and treatments. The amalgamation of technology and extensive research is expected to benefit the market in the upcoming years.

Key Takeaways from the Market Study:

By end user, the hospital’s segment is expected to hold 50% of the market share in 2023 for Ebstein’s anomaly industry.
By diagnosis, echocardiogram is expected to possess 33% market share for eibstien’s anomaly market in 2023.
North America is expected to possess 40% market share for Ebstein’s anomaly industry in 2023.
Asia Pacific Ebstein’s anomaly industry size is expected to possess 35% market share in 2023.

“Technologically advanced equipment to diagnose ebstein’s anomaly along with extensive research for manufacturing medication to treat the ailment is favoring market growth.” states a FMI analyst

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Competitive Landscape:

Some of the key players in Ebstein’s anomaly industry are

Abbott Vascular
Boston Scientific Corporation
Cordis Corporation
Edwards Lifesciences
Ge Healthcare
Gore Medical
Medtronic, Inc.,
Numed, Inc.

GE Healthcare, a key player in the Ebstein’s anomaly is focusing on undertaking research and collabroting with different research institutes to manufacture medications for Ebstein’s anomaly.

Boston Scientific Corporation another key player in Ebstein’s anomaly industry is focusing on integrating technology to diagnose the ailment at an early stage.

Key Segments Profiled in the Ebstein’s Anomaly Industry Survey:

Treatment:

Medical
Surgical Treatment
- Tricuspid Valve Repair
- Tricuspid Valve Replacement
- Closure of the Atrial Septal Defect
- Maze Procedure

Diagnosis:

Echocardiogram
Electrocardiogram
Chest X-ray
Cardiac MRI
Holter Monitor
Pulse Oximetry
Exercise Stress Test
Electrophysiology Study
Cardiac Catheterization

End User:

Hospitals & Surgical Centres
Specialty Clinics

Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani