Market Research Blog – Page 3589 – New Product Development

Global Lipid Nanoparticles Market is expected to experience robust growth, with a CAGR of 14.2% projected for the period 2023-2033

It is projected that the global lipid nanoparticles market growth will be valued at US$ 877.8 million in 2023. The market is expected to expand at a CAGR of 14.2% between 2023 and 2033, reaching approximately US$ 3.3 billion by 2033, due to rising health concerns about dietary supplements as a result of Covid-19 and increasing dietary supplement use.

The rapid increase in population in regions such as Asia Pacific, Europe, and North America is one of the major factors that is expected to contribute to the demand for products such as pharmaceutical & healthcare, dietary supplements, functional food, functional beverages, cosmetic & personal care, and more. The high content of omega 3 and omega 6 in lipids is the primary factor driving their significant use in food & beverage products.

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However, the market growth globally is hindered by rising global prices of fatty acids and other raw materials, which fluctuate due to the impact of the COVID-19 and the ongoing European geopolitical conflict. In addition, market players are focusing on R&D and coming up with new advancements in Lipid Nanoparticles technology, which is projected to create lucrative opportunities for the market in the near future.

Factors such as the increasing demand for medicines due to high incidence of cancer, chronic diseases, as well as growing focus on physical well-being are expected to propel the sales of pharmaceutical lipids over the analysis period. Pharmaceutical excipients aid lipids to achieve better functionalities, such as longer shelf-life, and boosts the efficacy in formulations. In addition, rising demand in emerging economies is pushing local drug production, which is augmenting the sales in the market.

Advancements in the compositions of lipid nanoparticles for in-vivo systemic delivery of mRNA are also creating lucrative avenues for market expansion. The key manufacturing companies in the Lipid Nanoparticles Industry are focusing on developing lipid nanoparticle (LNP) based drugs, in order to address certain medical challenges. In addition, they are focusing on collaborations with government organizations to establish new lipid production facilities.

The major players are investing heavily in product development activities, and their approach towards enhancing the business through product launch and acquisition is projected to fuel the growth of the global pharmaceutical lipids market in the forthcoming years.

Key Takeaways from the Market Study:

Global Lipid Nanoparticles Industry was valued at US$ 789.0 Million by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 9.5%
By Type, the Solid Lipid Nanoparticles segment of the market constitutes the bulk of the market with a market share of 45%
By End-User, the Pharmaceutical & Biotechnology segment dominates the market with a share of 43%
From 2023 to 2033, Lipid Nanoparticles sales are expected to flourish at a CAGR of 14.2%.
By 2033, the market value of Lipid Nanoparticles is expected to reach US$ 3.3 Billion.

Leading manufacturers are focused on implementing technological advancements to reduce their drug development and manufacturing costs. This, in turn is expected to boost the growth of the Lipid Nanoparticles Industry during the forecast period, remarks an FMI analyst.

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Competitive Landscape:

Prominent players in the Lipid Nanoparticles Industry:

Merck KGaA
Evonik Industries AG
Gattefosse
Precision NanoSystems
IOI Oleo GmbH
Genevant Sciences
Exelead
Avanti Polar Lipids
Nippon Fine Chemicals Co. Ltd.
Lipoid GmbH
Cargill, Incorporated
BASF SE
Archer Daniels Midland Company
Koninklijke DSM N.V.

Recent Developments:

In October 2022, Polypeptide Therapeutic Solutions (PTS), key player in the manufacturing and development of polyamino-acid based delivery systems expanded its drug delivery capabilities including novel nanoparticle formulation and functional lipid excipients.
In September 2022, National Institute of Allergy and Infectious Diseases awarded USD 13.8 million contract to the University of California for conducting immune profiling of lipid nanoparticles to study their role in increasing vaccine protective responses.

Key Segments Covered in the Lipid Nanoparticles Industry Analysis:

Lipid Nanoparticles Industry by Type:

Solid Lipid Nanoparticles (SLNs)
Nanostructured Lipid Carriers (NLCs)
Others

Lipid Nanoparticles Industry by Application:

Therapeutics
Research

Lipid Nanoparticles Industry by End-User:

Pharmaceutical & Biotechnology Companies
Academic & Research Institutes
Others

Lipid Nanoparticles Industry by Region:

North America
Europe
Asia Pacific
Rest of the World

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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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Electrophoresis Market Surges, Eyes Revenue Worth US$ 3,523.50 Million in 2033

By 2033, the value of the global electrophoresis market sales is projected to have increased from US$ 2,268.8 million in 2023 to US$ 3,523.50 million in 2033. Over the following ten years, the global electrophoresis market is predicted to rise at an astounding CAGR of 4.5%, which will propel this predicted growth.

Increasing demand for capillary electrophoresis instruments to bring efficiencies in the forensic laboratory workflow is propelling the sales of electrophoresis. These systems allow operators to queue new work while another plate is being analyzed.

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Surging advancements in the speed, precision, and sensitivity of electrophoresis equipment are contributing to its worldwide demand. Additionally, the heightened requirement for innovative drugs and therapies due to the increasing population suffering from chronic diseases is supplementing the sales of electrophoresis. Rising interest in research related to genes, DNA, and proteins is boosting the attractiveness of this market.

The market is predicted to observe a fast-paced startup ecosystem in emerging economies, due to the increasing influx of capital, which is predicted to contribute to increasing research activities and innovation of advanced technologies.

Key players are striving to shave sample processing costs and cost of ownership with consumable pricing. Thus, enhancing the adoption of electrophoresis instruments among end users. For increased revenue from the sales of electrophoresis instruments, key players are forecast to merge, acquire, or partner with other players.

“Rapidly increasing patients suffering from lifestyle and chronic disorders are creating a burden on healthcare systems. Thus, governments are investing in medical research and latest technologies for a robust healthcare setup. To appeal to the masses, key players of electrophoresis are focusing on reducing the cost of these instruments to drive accelerated sales,” says an FMI analyst.

Key Takeaways from the Electrophoresis Market Report:

The United States is the leading market for electrophoresis, regionally as well as globally. The country is predicted to acquire a market share of 28.6% in 2023.
Within Europe, Germany is the top contender with a market share of 7% in 2023.
In Asia Pacific, India is estimated to account for a significant CAGR of 5.9% through 2033.
Australia is a budding market for electrophoresis. The country is predicted to register a CAGR of 3.8% through 2033.
Pharma and biotech companies are projected to acquire a share of 27% of the overall electrophoresis market in 2023.
The reagents and consumables segment is forecast to obtain value share of 48.67% in 2023.

“The Electrophoresis Market demonstrates promising growth potential,” the research manager stated in their published study. “With technological advancements in genetic research and diagnostic procedures, the market is poised to witness a steady expansion” – opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Key Companies:

Agilent Technologies
Bio-Rad Laboratories, Inc.
Helena Laboratories Corporation
Hoefer, Inc. (Harvard Biosciences)
Merck KGaA
PerkinElmer Inc.
SCIEX
SERVA Electrophoresis GmbH
Thermo Fisher Scientific Inc.
Danaher Corporation
Shimadzu Corporation
Takara Bio, Inc.
TBG Diagnostic Ltd
Cleaver Scientific
QIAGEN N.V.
Eurogentec
Sebia Group
Analytik Jena
Lonza Group

Key Developments Taking Place in the Electrophoresis Market:

In October 2022, CMP Scientific Corp. announced that it had inked a co-marketing contract with Agilent Technologies to offer an integrated CE-MS solution to the pharmaceutical and life science industry. The agreement is aimed at the advancement of capillary electrophoresis to offer mass spectrometry solutions.
In March 2022, Thermo Fisher Scientific launched SeqStudio Flex Series Genetic Analyzer to facilitate cutting-edge research in areas like infectious disease and gene editing. Capillary Electrophoresis (CE), which assists fragment analysis and Sanger sequencing is a critical tool to improve clinical research. The SeqStudio Flex Genetic Analyzer offers superior-quality CE technology with data precision and dependable performance.
In June 2021, Thermo Fisher Scientific revealed that it has signed a contract with Advanced Electrophoresis Solutions Ltd to boost therapeutic development with the help of cutting-edge protein analysis.

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Key Market Segments Covered in Electrophoresis Market Research:

By Product:

Instruments
- Horizontal Systems
- Vertical Systems
- Capillary Electrophoresis Systems
- Automatic Electrophoresis Systems
Reagents and Consumables
- Gel
  - Polyacrylamide Gel Electrophoresis
  - Agarose Gel Electrophoresis
  - Others
- Buffers & Others
Software

By End-use Industry:

Hospitals
Diagnostic Laboratories
Pharma & Biotech Companies
CROs and CMOs
Academic & Research Institutes
Forensic Laboratories

By Region:

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

Author By:

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

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

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

About Future Market Insights (FMI)

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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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Exploring Drivers, Key Factors, and Regional Insights of Stainless Steel Control Valves Market

The global stainless steel control valve market size is projected to witness remarkable growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to surpass a valuation of US$ 599.0 million in 2023. It is predicted to attain a valuation of US$ 1,066.0 million by 2033. The market is expected to thrive at a CAGR of 5.9% from 2023 to 2033.

The global stainless steel control valve market continues to evolve at an impressive pace, driven by technological advancements, growing industrialization, and the need for efficient process control across various sectors. This market’s steady growth has been further fueled by the increasing demand for reliable and durable control valves that can withstand harsh operating conditions while ensuring precision in fluid and gas control.

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Key Drivers:

Rising Industrialization: The rapid expansion of industries such as oil and gas, chemical, pharmaceuticals, and water treatment has led to an increased demand for stainless steel control valves. These valves offer excellent resistance to corrosion, ensuring extended lifecycles even in aggressive environments.
Stringent Regulations: Stringent environmental and safety regulations have compelled industries to adopt advanced control systems to monitor and manage their processes efficiently. Stainless steel control valves, known for their robustness and reliability, are a preferred choice in meeting these regulatory standards.
Focus on Process Efficiency: Industries are increasingly prioritizing process efficiency and automation to optimize productivity and reduce operational costs. Stainless steel control valves play a pivotal role in achieving accurate flow control, contributing to streamlined processes and minimizing energy wastage.

Key Restraints:

High Initial Costs: Stainless steel control valves are known for their durability and corrosion resistance, but their initial costs can be relatively higher than valves made from other materials. This could pose a challenge for budget-conscious industries, particularly in emerging economies.
Technical Expertise: Proper installation, calibration, and maintenance of stainless steel control valves require technical expertise. A shortage of skilled personnel can hinder the adoption of these valves, affecting market growth.

Key Factors Driving Innovation:

Smart Valve Technologies: The integration of IoT and smart technologies into control valves allows for remote monitoring, predictive maintenance, and data-driven insights, enhancing overall operational efficiency.
Materials Advancements: Ongoing research into materials science has led to the development of stainless steel alloys with enhanced properties, further improving valve durability and performance.
Miniaturization: The trend toward miniaturization of components across industries has influenced the design and production of compact stainless steel control valves, catering to space-constrained applications.

Regional Insights:

North America: The well-established industrial sector and strict regulatory landscape in North America have fostered a strong demand for stainless steel control valves. The U.S. and Canada are anticipated to remain key contributors to the regional market growth.
Europe: Europe’s emphasis on sustainable practices and its robust manufacturing sector drive the adoption of stainless steel control valves. Germany, the UK, and France are poised to exhibit significant growth.
Asia-Pacific: Rapid industrialization, especially in China and India, is propelling the demand for stainless steel control valves. The region’s burgeoning chemical, petrochemical, and energy industries are major drivers.
Middle East & Africa: The oil and gas sector’s dominance in this region creates a substantial market for control valves. The Middle East, in particular, remains a lucrative hub for stainless steel control valve manufacturers.

In conclusion, the global stainless steel control valve market is characterized by a blend of drivers and restraints that shape its trajectory. Technological advancements, regulatory compliance, and a growing focus on process optimization will continue to drive market growth. While initial costs and technical challenges may pose obstacles, the increasing demand for durable and reliable control solutions is expected to sustain the market’s upward trajectory.

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Stainless Steel Control Valve Market Segmentation

By Actuation Technology:

Manual Control Valves
Pneumatic Control Valves
Hydraulic Control Valves
Electric Control Valves

By Type:

Ball Control Valves
Butterfly Control Valves
Cryogenic Control Valves
Globe Control Valves
Others

By Application:

Power Generation
Oil and Gas
Chemical Industry
Semiconductor and Electronics Manufacturing
Wastewater Management
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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

Mast Cell Tumors Market Sets Sights on Surpassing US$ 7.9 Billion by 2032

The estimated size of the global mast cell tumour treatments market is US$ 5.1 billion in 2022 and US$ 7.9 billion in 2032. In the forecast period from 2022 to 2032, it is expected to increase at an impressive compound annual growth rate (CAGR) of 3.6%. In the upcoming years, there will likely be a greater demand for mast cell tumour treatment alternatives due to the rising diagnostic rate of this ailment among pets.

Future Market Insights released the most recent research of the mast cell tumors treatment market.In order to fully understand a market, it is necessary to look at a variety of factors, such as microeconomic requirements, business cycles, and demography. In addition, the market study on Mast Cell Tumours Treatment offers a thorough analysis of the industry’s present state, encompassing creative strategies for business expansion and financial aspects like growth rate, important regions, and production value.

According to the Centres for Medicare and Medicaid Services, national healthcare spending in the United States topped US$ 4.1 trillion in 2020 and is expected to reach US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the United States spent approximately 17% of its GDP on healthcare in 2018. Switzerland was the second-highest-ranking country, with a 12.2% expenditure. Furthermore, New Zealand and Australia contribute only 9.3%.

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According to the US Bureau of Labour Statistics, employment in healthcare areas is expected to expand 16% from 2020 to 2030, substantially faster than the overall average, with approximately 2.6 million new positions created. This predicted growth is primarily due to an ageing population, which indicates a higher demand for healthcare services. In May 2021, the median annual income for healthcare practitioners and technical sectors (such as registered nurses,0020physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the US$ 45,760 median annual wage for all jobs in the economy.

Market Overview

Global Mast Cell Tumours Treatment Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries examines and forecasts the global Mast Cell Tumours Treatment industry, providing statistical data on market dynamics, growth factors, major challenges, PEST analysis, and market entry strategy Analysis, opportunities, and forecasts. The report’s main focus is to give companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this research analysed the market of the top 20 countries and introduced their market potential.

Regional Insights

The increasing prevalence of skin tumours in cats and dogs, notably in the United States and Canada, is likely to increase the North American mast cell tumour treatment market share in the coming years. According to the American College of Veterinary Surgeons (ACVS), mast cell tumours account for 14-21% of all cutaneous tumours found in dogs. Though they are more common in adults in their forties and fifties, they can occur at any age.

The increasing prevalence of mast cell tumours in pets, as well as increased awareness of them in the United Kingdom and Germany, are likely to raise the size of the European mast cell tumour therapy market. The PDSA Animal Wellbeing (PAW) Report 2021 estimates that around 26% of the UK population owns a dog, with an estimated population of 9.6 million pet dogs. Furthermore, with an estimated population of 10.7 million pet cats, 24% of the country’s population owns a cat. These figures are likely to swiftly climb, bolstering the regional economy.

Key Companies Profiled in Mast Cell Tumors Treatment Market are Merck & Co. Inc., Pfizer Inc., EPI Health, LLC, Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Novartis AG, Mylan NV, Bayer AG, Sanofi S.A. and Johnson & Johnson

Key Segments:

By Drug Class:

Antihistamines
Epinephrine
Steroids
Mast-cell Stabilizers

By Route of Administration:

Oral
Injectables
Topical

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies

Author By:

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Pediatric Clinical Trials Market Aims for Remarkable US$ 26.47 Billion Milestone by 2032

Future Market Insights projects that the paediatric clinical trials market sales will grow at a 5.3% annual pace between 2022 and 2032. From a projected US$ 15 billion in 2021 to a total valuation of US$ 26.47 billion by 2032, this market is anticipated to increase. The increase of chronic illnesses and genetic problems in children worldwide is anticipated to fuel market demand.

The Pediatric Clinical Trials Market is experiencing a noteworthy surge, driven by a heightened focus on advancing pediatric healthcare and ensuring the safety and efficacy of treatments for children. This specialized market plays a critical role in evaluating and developing medical interventions tailored specifically for pediatric populations. As awareness grows regarding the unique medical needs of children, stakeholders in the Pediatric Clinical Trials Market are actively collaborating to design and conduct trials that adhere to stringent ethical and regulatory standards. The market’s trajectory reflects an ongoing commitment to bridging knowledge gaps in pediatric medicine and improving the overall well-being of young patients through evidence-based research and development efforts.

The growing need for novel vaccines and biopharmaceuticals to treat infectious diseases such as measles, polio, tuberculosis, rubella, influenza, mumps, whooping cough, malaria, chickenpox, and staphylococcus pharyngitis is expected to drive market growth. At the same time, diabetes is a big worry among today’s children. The market is being driven by rising parental awareness of children clinical trials for severe infections and chronic diseases, as well as a large number of CROs doing pediatric research.

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In 2021, the oncology therapeutic field category had the world’s second-largest revenue share. Cancer is the top cause of death in the globe. Cancer cases in children under the age of 19 are anticipated to reach 291,000 by 2040. With the increasing number of pediatric cancer cases worldwide, many hospitals and institutes are focusing on the development of therapeutic drugs, resulting in an increase in the number of pediatric clinical trials globally.

Irrespective of all these growth factors, the global market for pediatric clinical trials can be hindered for some specific reasons. The high rate of pediatric clinical trial discontinuation for a number of reasons is expected to impede growth in the pediatric clinical trials market. Pediatric studies have a high failure rate due to reasons such as patient enrollment. Other concerns include behavioral disorders and trial conduct issues such as inappropriate dosing, formulation difficulty, and informative termination, as well as regulatory challenges and pharmaceutical toxicity during clinical investigations.

Leading Companies Profiled in Pediatric Clinical Trials Market are

Synteract
ICON Plc.
Syneos Health
Medpace, Inc
PPD Inc.
Premier Research
LabCorp Drug Development
QPS Holding
Pfizer Inc.
The Emmes Company, LLC
IQVIA Inc.

Key Takeaways :

In 2022, the global pediatric clinical trials market is estimated to have a global market size of US$ 15.8 Billion
The pediatric clinical trials market in North America to acquire 45% of the global market share
APAC projected to acquire 25% of the global market share
By phase, the phase II clinical trials segment took over 33% of the global pediatric clinical trials market share
By study design, the treatment studies for clinical trials acquired 66% of the global market share
By therapeutic area, the oncology therapeutic area segment acquired almost 17% of the global market share

“The rising prevalence of chronic and hereditary diseases in children is driving this market to conduct more studies to improve treatment efficiency. Simultaneously, many clinical trials for COVID-19 vaccinations for children are being done, which is predicted to greatly increase market development. ” comments a Future Market Insights analyst.

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Key Segments:

Pediatric Clinical Trials Market by Phase Type:

Phase I Pediatric Clinical Trials
Phase II Pediatric Clinical Trials
Phase III Pediatric Clinical Trials
Phase IV Pediatric Clinical Trials

Pediatric Clinical Trials Market by Study Design:

Treatment Studies of Pediatric Clinical Trials
Observational Studies of Pediatric Clinical Trials

Pediatric Clinical Trials Market by Therapeutic Areas:

Pediatric Clinical Trials for Infectious Diseases
Pediatric Clinical Trials for Oncology
Pediatric Clinical Trials for Autoimmune/Inflammatory Diseases
Pediatric Clinical Trials for Respiratory Disorders
Pediatric Clinical Trials for Mental Health Disorders
Pediatric Clinical Trials for Other Therapeutic Areas

Pediatric Clinical Trials Market by Region:

North American Pediatric Clinical Trials Market
Europe Pediatric Clinical Trials Market
Asia Pacific Pediatric Clinical Trials Market
Middle East & African Pediatric Clinical Trials Market
Latin America Pediatric Clinical Trials Market

Competitive Landscape

The industry analyzed is consolidated due to the sheer existence of a few key competitors in the market, with very few extra participants. Market participants’ key strategies included trial initialization, acquisitions, and collaborations.

In March 2022, Pfizer initiated a Phase 2/3 study for PAXLOVID tablets, which are specifically designed to treat COVID-19 in young patients. PAXLOVID reduced the risk of hospitalization or death from any cause by 89 percent (within three days of symptom onset) and 88 percent (within five days of appearance of symptoms).
In April 2021, Novartis announced plans to initiate SMART, a Phase 3b clinical trial to examine the safety and efficacy of Zolgensma (onasemnogene abeparvovec) in young children with spinal muscular atrophy.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global pediatric clinical trials market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of By Phase (Phase II, IV), By Study Design (Treatment, Observational Studies), By Therapeutic areas(Infectious Diseases, Oncology, Autoimmune/Inflammatory Diseases, Respiratory Disorders, Mental Health Disorders) and Region (North America, South America, Europe, Asia Pacific and Middle East & Africa).

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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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Overhead Cables Market Surges Toward US$ 119.8 Billion Mark by 2023, Propelled by Robust 5.6% CAGR – Future Market Insights

The overhead cables market is predicted to be valued at US$ 69.8 billion in 2023 and US$ 119.8 billion by 2033. Over the projection period, sales in the overhead cables market are expected to increase at a CAGR of 5.6%. The integration of smart grid technologies is revolutionizing the overhead cables market. Smart grids enable real-time monitoring and control of power distribution, enhancing reliability, efficiency, and grid resilience. This trend creates opportunities for the development of advanced overhead cables with embedded sensors and communication capabilities to support smart grid integration.

The rapid growth of renewable energy sources, such as wind and solar power, offers a unique opportunity for the overhead cables market. The increasing need to transmit electricity from remote renewable energy generation sites to urban centers requires high-capacity overhead cables capable of handling the load and minimizing power losses.

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While overhead cables have traditionally dominated the market, there is a rising trend toward underground power distribution infrastructure. This shift presents opportunities for specialized overhead cable manufacturers to develop solutions that meet the unique requirements of underground installations, such as enhanced flexibility, durability, and insulation properties.

The electrification of transportation, including electric vehicles and mass transit systems, is a growing trend with substantial implications for the overhead cables market. The charging infrastructure for electric vehicles requires robust overhead cables capable of handling high power loads, presenting a unique opportunity for cable manufacturers to cater to this emerging market segment.

Increasing environmental concerns and sustainability initiatives are driving the demand for eco-friendly overhead cables. Companies that adopt sustainable materials, such as recyclable metals and low-carbon footprint coatings, gain a competitive edge in the market by meeting the evolving preferences of environmentally conscious customers.

Advancements in materials science, manufacturing processes, and cable designs are driving innovation in the overhead cables market. For instance, the development of composite materials, such as carbon fiber-reinforced polymers, offers lightweight and high-strength alternatives to traditional overhead cables, enabling longer spans and reduced installation costs.

Key Takeaways:

As per FMI, the United States is spearheading the growth across North America, accounting for a CAGR of 5.5% of market share during the projected period.
Sales of overhead cables are expected to surge at 5.5% CAGR across China in 2022.
United Kingdom is expected to account for a significant CAGR of 5.3% in Europe from 2023 to 2033.
As per Future Market Insights, low voltage is expected to dominate the top type with a healthy CAGR of 5.4% over the projected time period.
As per FMI, the residential segment is poised to surge at a CAGR of 5.1% CAGR during the forecast period.

Competitive Landscape:

Key players in the manufacturing of overhead cables are spearheading a revolution in the industry. Through cutting-edge technologies and innovative manufacturing processes, they are transforming the way overhead cables are produced. These players are investing in research and development to develop advanced materials and designs that enhance the performance, durability, and efficiency of overhead cables.

They are also adopting automation and digitalization to streamline production, reduce costs, and ensure consistent quality. Key players are also focusing on sustainability by incorporating eco-friendly materials and practices in their manufacturing processes, aligning with the growing demand for environmentally conscious solutions. Their efforts are reshaping the overhead cables market and driving it towards a more efficient and sustainable future. Amphenol Corporation,Alan Wire Company,Alpha Wire,ABL Electronic Supplies, Inc., AEI Cables Ltd.

Product Portfolio:

Amphenol Corporation’s product portfolio includes a wide range of high-performance interconnect solutions, cable assemblies, sensors, and antennas, catering to diverse industries such as automotive, aerospace, telecommunications, and industrial sectors.
Alan Wire Company offers a comprehensive product portfolio of electrical wiring solutions, including electrical cables, wire harnesses, control cables, and specialty wire products. Their offerings cater to various industries, including construction, manufacturing, energy, and telecommunications sectors.

More Insights Available:

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

To understand opportunities in the overhead cables market, the report is segmented on the basis of type (low voltage , medium voltage and high voltage) and application (residential, utility, commercial and industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market Segmentation:

By Type:

Low Voltage
Medium Voltage
High Voltage

By Application:

Residential
Utility
Commercial
Industrial

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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

Global Bovine Lactoferrin Market is set to witness a significant leap, with a projected CAGR of 15.8% by 2033

The global bovine lactoferrin market growth is set to experience remarkable growth between 2023 and 2033, with projections indicating a robust Compound Annual Growth Rate (CAGR) of 15.8%. Starting at US$ 772.39 million in 2023, this dynamic market is anticipated to soar to an impressive US$ 3,349.05 million by 2033.

The Bovine Lactoferrin Industry refers to the global industry involved in the production, distribution, and sale of bovine lactoferrin, a protein derived from cow’s milk. Bovine lactoferrin is known for its various health benefits and is widely used in the pharmaceutical, food, and nutritional supplement industries.

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Bovine lactoferrin offers several advantages, including its antimicrobial, immune-boosting, and anti-inflammatory properties. It is often used in infant formulas, dietary supplements, functional foods, and personal care products. The market for bovine lactoferrin has been growing steadily due to increasing consumer awareness regarding the health benefits of this protein.

Factors driving the Bovine Lactoferrin Industry include the rising demand for natural and functional food ingredients, growing health-consciousness among consumers, and the expanding nutraceutical industry. Additionally, the increasing prevalence of chronic diseases and the growing elderly population have fueled the demand for products that support immune health.

Geographically, North America and Europe have traditionally been the leading markets for bovine lactoferrin due to the well-established dairy industry and the presence of major players in these regions. However, emerging economies in Asia Pacific, such as China, India, and Japan, are witnessing significant growth in demand for bovine lactoferrin due to changing lifestyles, increasing disposable income, and rising consumer awareness about health and wellness.

Key Takeaways from the Market Study:

The global Bovine Lactoferrin Industry is expected to grow at a significant CAGR over the forecast period.
The growth of the market is being driven by increasing awareness of the health benefits of bovine lactoferrin, the growing geriatric population, and the rising prevalence of chronic diseases.
North America is expected to remain the largest market for bovine lactoferrin over the forecast period, while the Asia Pacific region is expected to be the fastest-growing market.

“With the growing number of working women in Asia, the Pacific, and Europe, the proportion of breastfeeding is declining, the need for an acknowledgment of lactoferrin in infant formula manufacturing is cruising market growth, as are the benefits of lactoferrin in infant formula that have been illustrated.” says an analyst at Future Market Insights.

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Key Market Players:

Glanbia Plc.
Fonterra Co-operative Group
Freisland Campine DOMO
Milei GmbH
Bea Bionutrients
Beston Global Australia Pty Ltd.
Saputo Dairy Pty Ltd.
Synlait Ltd.
Ingredia
Savencia SA
Freedom Food Group Limited

Beston Global Food Company Ltd. revealed in June 2021 that its Jervois dairy factory in Australia enlarged its capacity to generate up to 25 metric tonnes of 95.0% pure lactoferrin per year.

Fonterra Co-operative Group declared in June 2021 that it will market its two joint venture firms in China in order to concentrate more on New Zealand milk production and prioritize the Greater China industry.

Fonterra Co-operative Group Limited announced a sales and advertising contract with Land O’Lakes, Inc. in October 2020, with the intention of expanding its market potential into more U.S. food service platforms.

Bovine Lactoferrin Industry Segments Survey:

Bovine Lactoferrin Industry by Type:

Freeze-dried
Spray-dried

Bovine Lactoferrin Industry by Application:

Infant Formula
Dietary Supplements
Pharmaceuticals
Food
Other Applications

Bovine Lactoferrin Industry by Region:

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

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Charting Industrial Progress: Navigating Growth Trajectories, Challenges, and Regional Perspectives in the Chain Drives Market

The global industrial chain drives the market size and is poised to grow remarkably from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of US$ 4.6 billion in 2023. It is predicted to hit a valuation of US$ 6.5 billion by 2033. The market is foreseen to record a CAGR of 3.6% from 2023 to 2033.

The global industrial chain drives the market to continue to forge ahead, driven by a convergence of technological advancements, expanding industrialization, and the need for robust power transmission solutions across diverse sectors. This market’s trajectory is characterized by innovation, but also by the interplay of challenges that shape its development.

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Key Drivers:

Rising Industrial Automation: The growing adoption of automation across industries, including manufacturing, logistics, and agriculture, has heightened the demand for efficient power transmission systems like industrial chain drives. These drives provide reliable motion control, enabling seamless operation of automated processes.
Infrastructure Development: Ongoing infrastructure projects worldwide, particularly in emerging economies, are fueling the demand for industrial chain drives. These drives are integral to heavy machinery used in construction, mining, and material handling.
Energy Efficiency: Industrial chain drives are known for their high efficiency in power transmission, contributing to reduced energy consumption and operational costs. As sustainability becomes a central focus for industries, the demand for energy-efficient solutions is on the rise.

Key Restraints:

Maintenance and Downtime Concerns: Industrial chain drives require periodic maintenance to ensure optimal performance and longevity. Unscheduled downtime for maintenance can disrupt production schedules, leading to productivity losses.
Competing Technologies: Advancements in alternative power transmission technologies, such as electric drives and direct-drive systems, present competition to the traditional industrial chain drives market. Manufacturers need to innovate to maintain their relevance.

Key Factors Driving Innovation:

Material Advancements: Ongoing research into materials science has led to the development of high-strength, lightweight materials that enhance the performance and durability of industrial chain drives.
Smart and Predictive Maintenance: Integration of sensors and IoT technology into chain drives enables real-time monitoring and predictive maintenance, minimizing downtime and optimizing performance.
Customization and Modularity: Manufacturers are focusing on providing modular and customizable chain drive solutions to cater to diverse industry needs, promoting flexibility and ease of installation.

Regional Insights:

North America: A mature manufacturing sector and a strong emphasis on technological adoption drive the industrial chain drives market in this region. The United States and Canada are significant contributors to market growth.
Europe: Europe’s robust industrial base and emphasis on sustainability are propelling the demand for energy-efficient power transmission solutions. Germany, Italy, and France are key players in the European market.
Asia-Pacific: Rapid industrialization and infrastructure development in countries like China, India, and Japan are fueling the demand for industrial chain drives. The region’s expanding manufacturing and construction sectors are driving growth.
Latin America: Industries like mining, agriculture, and construction in countries such as Brazil and Mexico are creating a demand for reliable power transmission solutions, presenting opportunities for industrial chain drive manufacturers.
Middle East & Africa: The region’s focus on developing its manufacturing capabilities, coupled with construction projects, drives the adoption of industrial chain drives. The oil and gas sector also contributes significantly.

In conclusion, the global industrial chain drives the market and presents a blend of opportunities and challenges. Technological advancements, infrastructure growth, and energy efficiency considerations are anticipated to drive market expansion. However, the need for consistent maintenance and competition from alternative technologies require careful navigation. Manufacturers that prioritize innovation, customization, and regional market insights are poised to excel in this dynamic landscape.

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Industrial Chain Drives Market Segmentation

By Type:

Single-strand Chain
Double Pitch Chain
Multi-strand Chain

By End User:

Manufacturing
Mining
Agriculture
Construction
Others

By Region:

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

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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 is 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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Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market Targets US$ 2.8 Billion Milestone by 2032

The endoscopic retrograde cholangiopancreatography (ERCP) devices market sales is expected to reach US$ 1.5 billion in 2022 and US$ 2.8 billion by 2032 as a result of an increase in cancer incidence worldwide. The market for endoscopic retrograde cholangiopancreatography (ERCP) equipment is anticipated to develop at a compound annual growth rate (CAGR) of 6.2% between 2022 and 2032, according to forecasts by FMI.

The Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market is undergoing significant developments, showcasing its pivotal role in diagnostic and therapeutic procedures for pancreatic and biliary disorders. As an integral part of minimally invasive endoscopic techniques, ERCP devices enable healthcare professionals to visualize, diagnose, and treat conditions affecting the pancreas and bile ducts. Continuous advancements in technology are enhancing the precision and effectiveness of these devices, contributing to improved patient outcomes. Stakeholders in the market, including medical device manufacturers and healthcare practitioners, are actively engaged in innovations to address evolving clinical needs and enhance the efficiency of ERCP procedures.

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The market for endoscopic retrograde cholangiopancreatography (ERCP) devices combines fluoroscopic imaging and luminal endoscopy for the diagnosis and treatment of pancreatobiliary system disorders. Endoscopic retrograde cholangiopancreatography (ERCP) devices use a side-view duodenoscopy that is then passed through the oesophagus and stomach into the duodenum’s latter section. Endoscopic retrograde cholangiopancreatography (ERCP) devices are primarily used to collect tissue and cell samples, as well as to treat a blocked pancreatic or bile duct.

The blockage of the ducts could be caused by non-cancerous stones in the duct or by cancer. Endoscopic retrograde cholangiopancreatography (ERCP) imaging tests are used for diagnosis or examination of the pancreatic ducts, as well as the gallbladder, liver, and pancreas. Magnetic resonance cholangiopancreatography and computed tomography machines are alternatives to endoscopic retrograde cholangiopancreatography (ERCP) devices. Endoscopic retrograde cholangiopancreatography (ERCP) devices are used for a variety of procedures such as sphincterotomy, stone removal, stent placement, dilatation, and draining bodily fluids.

Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Drivers and Restraints-

Over the years, endoscopic retrograde cholangiopancreatography (ECRP) devices have grown in popularity for cancer treatment. During the forecast period, the increasing incidence of benign liver and pancreatic tumours is expected to create appealing market opportunities for endoscopic retrograde cholangiopancreatography (ECRP) devices across regions.

Several ongoing studies for safer use and improved efficiency of these endoscopic retrograde cholangiopancreatography (ECRP) devices, as well as rising government support for R&D, may also drive market growth for endoscopic retrograde cholangiopancreatography (ECRP) devices over the forecast period. Growing awareness of endoscopic retrograde cholangiopancreatography (ECRP) devices, as well as an increase in availability, are expected to drive market growth for ECRP devices.

On the other hand, high endoscopic retrograde cholangiopancreatography (ECRP) device costs and side effects such as post-ERCP pancreatitis, infection, haemorrhage, and allergic reactions associated with cholangiopancreatography procedures are expected to stymie market growth for endoscopic retrograde cholangiopancreatography (ECRP) devices during the forecast period.

Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Overview

Endoscopic retrograde cholangiopancreatography (ECRP) devices use advanced techniques and thus have a higher rate of serious complications than other endoscopic procedures. As a result, specialised equipment and training are required, and the procedure is carried out for appropriate applications. According to a review by Freeman et al, approximately 500,000 procedures are performed in the United States each year. Endoscopic retrograde cholangiopancreatography (ECRP) devices are frequently used in hospital settings where patients with pancreatic or gallstone disease are admitted.

Tissue sampling or biliary or pancreatic ductal system disease treatment, obstructive jaundice, pancreatitis of unknown cause, suspicion for pancreatic cancer, nasobiliary drainage, manometry for sphincter of Oddi, biliary stenting for leakage and strictures, balloon dilation of ductal strictures and duodenal papill, and drainage of pancreatic pseudocysts are

Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Region-wise Outlook

The market for endoscopic retrograde cholangiopancreatography (ECRP) devices in North America is expected to grow significantly as a result of increased diagnostic imaging-related research and improved research and development for advanced and safe endoscopic retrograde cholangiopancreatography (ECRP) devices. During the forecast period, improved healthcare infrastructure and expenditure are expected to drive the Europe market for endoscopic retrograde cholangiopancreatography (ECRP) devices.

Growing cholangiopancreatography procedure awareness in China, India, and Japan is expected to fuel the Asia-Pacific market for endoscopic retrograde cholangiopancreatography (ECRP) devices. The constant increase in the number of endoscopic retrograde cholangiopancreatography (ECRP) device manufacturers is expected to drive demand for ECRP devices during the forecast period.

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Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Key Market Participants

A few market participants in the global endoscopic retrograde cholangiopancreatography (ECRP) devices market identified across the value chain include: Olympus Corporation, Boston Scientific Corporation, CONMED Corporation, Cook Medical, Inc., Hobbs Medical, Merit Medical Systems and , TeleMed Systems, Inc.

The endoscopic retrograde cholangiopancreatography (ECRP) devices research report provides a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections based on an appropriate set of assumptions and methodologies. The endoscopic retrograde cholangiopancreatography (ECRP) devices report analyses and provides information based on market segments such as geography, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Companies:
Olympus Corporation
Boston Scientific Corporation
CONMED Corporation
Cook Medical, Inc.
Hobbs Medical,
Merit Medical Systems
TeleMed Systems, Inc.
Fujifilm Holdings Corporation

Author By:

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

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T: +1-845-579-5705

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Global Nano Dentistry Market is expected to witness a substantial CAGR of 8.12% by 2033

The global nano dentistry market demand is valued at US$ 838.54 Million in 2022 and is expected to achieve a market valuation of US$ 906.66 Million in 2023. It is further estimated to reach a market valuation of US$ 1.98 Billion by the end of the forecast period 2033 while exhibiting a CAGR of 8.12%. The growing prevalence of dental diseases, rising demand for nano dentistry products, increasing oral hygiene awareness, and rising adoption of advanced dental technology is propelling the market growth.

According to British Dental Association, nearly 19 million dental appointments were postponed or canceled in 2020 out of a probable total of 40 million. Companies such as Dentsply Sirona reported a decline of around 50% in net sales and sales of dental consumables declined by 58.5%, leading to an operating loss of US$ 42.01 Million in the second quarter. However, the market recovered steadily post-pandemic owing to the increasing demand for dental procedures due to the rise in dental diseases.

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Nano dentistry is the future of the dental industry in which every procedure will be performed using advanced equipment and devices based on nanotechnology. Also, it can simplify teeth replacement within a single procedure with correction and precision, combining nanomedicine and biotechnology. It has become possible to develop materials that are durable with the help of nanotechnology. These products are made for numerous dental procedures and will have more hardness, elasticity, and strength than traditional dental materials. The technological advancement in the manufacture of nanoparticles for implant surface coating and nano formatting leads to better osseointegration and enhanced functions of implants.

Key Takeaways:

North America dominated the Nano Dentistry Industry with a revenue share of 38.4% in 2022.
Asia pacific is projected to be the fastest-growing market with an impressive CAGR of 8.4%
By material type, the nano ceramics segment dominated the market with a revenue share of 38.1%.
Tooth restoration segment dominated the market in 2022 and will sustain its dominance with a segmental CAGR of 8%.
By end-use, the Dental clinic segment held a revenue share of 51.7% in 2022.

“The market’s expansion may be linked to a paradigm shift toward workflows and process automation across a wide range of businesses and industrial verticals. Enterprises all over the world are eager to embrace effective and smooth business processes that can be executed regardless of location, which is propelling this industry ahead.” comments a Future Market Insights analyst

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Competitive Landscape:

Some of the major company profiles included in the global Nano Dentistry Industry report are:

DENTSPLY Sirona
Institut Straumann
Zimmer Biomet
Ivoclar Vivadent
aap Implantate AG
Heraeus Kulzer
BioHorizons IPH
3M
Danaher Corporation
Biotronik

In February 2021, Zimmer Biomet Holdings, Inc. announced its plan to spin off its Spine and Dental operations to become a new, independent, publicly listed company (“NewCo”). The anticipated deal would sharpen both Zimmer Biomet and NewCo’s emphasis on meeting the demands of patients and consumers, resulting in quicker growth and more value for all stakeholders.

In November 2020, Doceram Medical Ceramics and Nobel Biocare announced an extended partnership in developing high-end restorative products. To provide more high-quality, beneficial solutions with convenience and flexibility for clients, both companies are merging their expertise.

In February 2022, Exocad, Align Technology Inc company announced its participation in the 2022 Dental South China (DSC) trade show in Guangzhou, China. Exocad showcased its software release DentalCAD3.0 Galway, plus other open software solutions.

In November 2021, Keystone Dental Inc. announced that it completed the acquisition of Osteon Medical, a Melbourne, Australia-based technology company providing digital solutions for clinicians and dental laboratories leveraging proprietary software and unique hardware developments, significantly improving digital dentistry market grip.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Nano Dentistry Industry, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

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Key Segments Profiled in the Nano Dentistry Industry Survey:

Nano Dentistry Industry by Material Type:

Nano Ceramics
Nano Robots
Nano Fillers
Others

Nano Dentistry Industry by Application:

Preventive Dentistry
Tooth Restoration
Dental Implants
Others

Nano Dentistry Industry by End-Use:

Hospitals
Dental Clinics
Others

Nano Dentistry Industry by Region:

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

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