Market Research Blog – Page 3612 – New Product Development

Global Arthroscopy Visualization Systems Market will surge to US$ 902.5 Million by 2032, largely due to the rising incidence of musculoskeletal disorders

The global arthroscopy visualization systems market is expected to grow from US$ 453.8 million in 2022 to US$ 902.5 million by 2032, at a CAGR of 7.1%. The market is driven by factors such as the increasing prevalence of musculoskeletal disorders, the rising demand for minimally invasive surgeries, and the technological advancements in arthroscopy visualization systems.

Arthroscopy visualization systems are used to provide surgeons with a high-definition view of the inside of a joint, allowing them to perform minimally invasive surgery. The systems consist of a camera, a light source, and a monitor. The camera is inserted into the joint through a small incision, and the images are displayed on the monitor.

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Arthroscopes are tiny fiber-optic scopes that make it possible to see into joints such the elbow, knee, shoulder, wrist, hip, and ankle. The minimally invasive surgical techniques employ the arthroscopic system.

A minimally invasive procedure called arthroscopy is used to diagnose and treat joint issues. It enables an operation to be performed without a significant incision being made to examine the joint. During arthroscopy, physicians can even perform joint damage repair using surgical instruments as thin as pencils that are placed through incredibly small incisions.

Key takeaways from the market study:

The visualization systems segment is the leading segment in the market, accounting for over 70% of the market share in 2022.
The knee, shoulder, and hip are the major applications of arthroscopy visualization systems.
Hospitals are the largest end-users of arthroscopy visualization systems.
North America is the largest market for arthroscopy visualization systems, followed by Europe and Asia Pacific.

The key factors driving the growth of the arthroscopy visualization systems market include:

Increasing prevalence of musculoskeletal disorders: The rising incidence of musculoskeletal disorders, such as osteoarthritis, rheumatoid arthritis, and sports injuries, is fueling the demand for arthroscopy procedures.
Rising demand for minimally invasive surgeries: Arthroscopy is a minimally invasive surgery, which offers several advantages over traditional open surgeries, such as shorter hospital stay, less pain, and faster recovery time. This is driving the demand for arthroscopy visualization systems.
Technological advancements: Technological advancements in arthroscopy visualization systems, such as the development of high-definition cameras, 3D visualization systems, and augmented reality (AR) systems, are making arthroscopy procedures more accurate and efficient. This is also boosting the demand for arthroscopy visualization systems.

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Key Companies Profiled:

Arthrex, Inc.
Stryker Corporation
Smith & Nephew Plc.
CONMED Corporation
KARL STORZ GmbH & Co. KG
Olympus Corporation
Richard Wolf GmbH
Johnson & Johnson

Key Market Segments Covered In The Arthroscopy Visualization Systems Industry Research:

By Product:

Arthroscopes
Visualization Systems
Consumables & Accessories

By Application:

Knee Arthroscopy
Hip Arthroscopy
Shoulder Arthroscopy
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and 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 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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Liquid Pouch Packing Machine Material Trends: Insights into Future Sales Projections

Commercial Refrigeration Compressors Market

Anticipated to exhibit a robust Compound Annual Growth Rate (CAGR) of 7.5% from 2021 to 2031, the liquid pouch packing machine market is on a trajectory of significant growth. Positioned as indispensable equipment across diverse sectors, including pharmaceuticals, cosmetics, food, and beverages, these machines are instrumental in efficiently packaging liquids into various container types.

A liquid pouch packing machine is a type of packaging equipment designed specifically for filling and sealing pouches or sachets containing liquid products. These machines are commonly used in industries such as food and beverage, pharmaceuticals, cosmetics, and chemical manufacturing, where accurate and efficient packaging of liquids is essential.

The liquid pouch packing machine stands out as a key facilitator in the swift and precise packaging of liquids, minimizing wastage in the process. Whether in pharmaceuticals, cosmetics, or the food and beverage industry, these machines ensure that liquids are seamlessly filled into containers with optimal accuracy. What sets them apart is their user-friendly controls and features, making them ideal for liquid packaging applications where efficiency and reduced reliance on labor are paramount.

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Key Features

Sanitary Design and Cleanability: Liquid pouch packing machines are constructed with materials and components that comply with sanitary standards and regulatory requirements for food and pharmaceutical packaging. The machines are designed for easy cleaning and maintenance, with smooth surfaces, tool-less changeover parts, and quick-release mechanisms that facilitate thorough sanitation and hygiene practices between production runs.
Integration with Packaging Lines: Liquid pouch packing machines can be seamlessly integrated into existing packaging lines or combined with other equipment, such as conveyors, labelers, and secondary packaging machinery, to create a complete packaging solution. Integration allows for streamlined workflow, efficient material handling, and synchronized operation, resulting in enhanced production efficiency and overall system performance.
Customization and Innovation: Manufacturers of liquid pouch packing machines continually innovate and offer customization options to meet evolving market demands and customer preferences. Features such as multi-lane filling, gas flushing, vacuum sealing, and product-specific dosing systems enable tailored solutions for a wide range of liquid products, including beverages, sauces, condiments, personal care products, and pharmaceuticals.

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Key Players

VELTEKO CZ sro
American-Newlong
Sidsam Group
Suvi Packaging Machines
Holweg Weber
Others

Key Segments

By Machine Type:

Manual Packing
Semi-Automatic Packing
Fully Automatic Packing

By Technology:

Pneumatic pouch Packaging Machines
Shrink wrap pouch Packaging Machines

By End-User:

Food
Pharmaceutical
Fertilizer
Cosmetic
Others

By Region:

North America
- US
- Canada
Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Nordics
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
MEA
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America

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Global Breast Biopsy Devices Market is poised to reach US$ 3.6 Billion by 2032, driven by a 5.5% CAGR

The global breast biopsy devices market growth is poised for exceptional growth, projecting a Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2022 to 2032. Future Market Insights (FMI) forecasts the market value to soar to US$ 3.6 Billion by 2032, a substantial surge from its US$ 2.1 billion valuation in 2022.

The latest report from Future Market Insights highlights the pivotal role of biopsy needle segments, foreseeing its dominance by constituting around 23.4% of the global market in 2021. This upward trajectory underlines the increasing demand and significance of breast biopsy devices in the healthcare industry.

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The anticipated growth underscores the continuous innovation and technological advancements within the breast biopsy devices market, offering healthcare professionals advanced tools for early and accurate diagnosis. As the prevalence of breast cancer rises globally, these devices play a crucial role in ensuring timely and precise detection, thereby enhancing patient outcomes.

The Breast Biopsy Devices Market refers to the industry involved in the manufacturing and distribution of devices used for performing breast biopsies. A breast biopsy is a medical procedure in which a sample of breast tissue is removed and examined to determine if it is cancerous or benign.

Breast biopsy devices are designed to assist healthcare professionals in accurately and safely obtaining tissue samples from the breast. These devices are typically used when a suspicious lump or abnormality is detected during a mammogram or clinical examination. They help in diagnosing breast cancer and determining the appropriate course of treatment.

The Key Takeaways Regarding The Breast Biopsy Devices Market Are As Follows:

Market Growth: The breast biopsy devices market has been experiencing significant growth due to increasing awareness about breast cancer, advancements in diagnostic technologies, and rising incidence of breast cancer worldwide.
Rising Incidence of Breast Cancer: Breast cancer is one of the most commonly diagnosed cancers in women globally. The increasing prevalence of breast cancer has led to a growing demand for breast biopsy devices for early detection and accurate diagnosis.
Technological Advancements: The market has witnessed technological advancements in breast biopsy devices, such as the introduction of minimally invasive techniques like vacuum-assisted biopsy (VAB) and core needle biopsy (CNB). These techniques offer advantages like reduced invasiveness, shorter procedure time, and minimal scarring.
Increasing Adoption of Stereotactic Biopsy: Stereotactic biopsy, a type of image-guided biopsy, has gained significant popularity due to its accuracy and reliability. This technique allows precise localization of suspicious lesions, resulting in improved diagnostic outcomes.
Growing Preference for MRI-Guided Biopsy: Magnetic resonance imaging (MRI)-guided biopsy is being increasingly adopted as it offers better visualization of suspicious lesions, especially for patients with dense breast tissue. MRI-guided biopsy provides accurate targeting and sampling of lesions, contributing to improved diagnostic accuracy.

Breast Biopsy Devices Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Breast Biopsy Devices market. Competitive information detailed in the Breast Biopsy Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Breast Biopsy Devices market report.

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Key players covered in the report include:

ARGON MEDICAL
Becton Dickinson and Company
C.R. Bard, Inc.
Cook Medical Inc.
Devicor Medical Products, Inc.
F. Hoffmann-La Roche Ltd.,
GE Healthcare
Hologic, Inc.
Leica Biosystems
Medax Srl Unipersonale
Planmed Oy,
Scion Medical Technologies, LLC
Siemens Healthier

Breast Biopsy Devices Market: Segmentation

Valuable information covered in the FMI’s Breast Biopsy Devices market report has been segregated into key segments and sub-segments.

By Product:

Biopsy Needle
- Core Needles
- Fine Aspiration Needles
MRI-Guide Biopsy Systems
Ultrasound Guided Breast Biopsy Systems
- Two-Dimensional (2-D) Mammographic Ultrasonic Scanning Systems
- Three-Dimensional (3-D) B-Mode Mammographic Ultrasonic Scanning Systems
Vacuum-Assisted Device (VAD)
Guide Wire (Localization Wire)
Breast Biopsy Marker

By Indication:

Complex cyst
Solid mass
Suspicious solid mass( fibroadenoma )
Suspicious micro calcifications

By End User:

Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Cancer Research Institutes

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Travel Intermediaries Business Market Poised to Surpass US$ 899.7 Million, Maintaining a 6.0% CAGR through 2033 | FMI

It is projected that between 2023 and 2033, the travel intermediaries business market would grow at a stable compound annual growth rate of 6.0%. By 2033, the market is anticipated to have a market share of US$ 899.7 million, and by 2023, it is anticipated to be worth US$ 502 million.

Tour operators are calling the shots in different tourism industries across the world and the large tourism enterprises are compromising on their profit margins to stay afloat in the industry. Experts believe that this is also affecting the overall economy of tourism destinations.

There is a wave of new travel portals which is challenging the development of the travel intermediaries business. But industry observers say that the tour operators or the travel intermediaries are adapting to this technological change to reap the benefits from the evolving global tourism industry.

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Travel intermediaries businesses are upgrading their technology by incorporating software such as GDS, which is an extremely helpful platform to detect customer behaviour and market upsurge.

Travel intermediaries businesses are also changing their business strategy to stay ahead of competition. Several studies have shown in the past that leisure travellers around the world do prefer to buy help from travel intermediaries. Travel intermediaries are holding their grounds in this turbulent time because of certain reasons.

The basic and the foremost reason is that these agents often come up with lucrative offers and tailor-made travel itinerary which lures many travellers. A good travel expert will always try to judge the demand of each customer and will offer them some exclusive ideas and solutions.

The travel intermediaries business is growing because a massive pool of customers still prefers to save their hard earned money during their tours.

As most of the travel intermediaries have a lot to offer and as they directly deal with a gamut of hotel chains and flight operators they successfully help save travellers’ money by gauging the need and the psychological bent of the customer.

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The in-depth knowledge of travel intermediaries on destinations is an added advantage for travellers. This knowledge not only helps them ensure traveller safety but also gives them a leverage to win the confidence of their customers.

Travel Intermediaries Business: Game Changers

The boom of the travel intermediaries business is not only facilitating the surge of the travel domain, but it is also helping all the stakeholders of the travel industry including airline service providers and hotels.

Travellers seek the expert help of travel intermediaries to create a hassle-free travel itinerary and most of the tech savvy millennial travellers choose to travel with travel intermediaries as they offer some lucrative deals to their customers.

As they buy in bulk travel agents get the best offers from hoteliers and airline operators and this mutual dependency between travel intermediaries and other key stakeholders of the travel industry is complimenting the growth of the travel intermediaries business.

The edgy technological backups are revamping the public outreach of the travel intermediaries business. Introduction of new and advanced software is further changing the scene of the travel intermediaries business.

Travel Intermediaries Business: Restraints

The scope of growth of the travel intermediaries business is skyrocketing. But most of the airline operators are rolling out special apps and offers to woo customers and hoteliers are also following the same route to increase their global customer base. This is likely to pose challenges to the growth of the travel intermediaries business.

Travel Intermediaries Business: Top Companies

The travel intermediaries business is extremely competitive but travel intermediaries are redefining their business approach to say relevant. Vantage Deluxe World Travel, Global Work and Travel Company, Global Vacation Network, Thomas Cook, Zicasso, and Outward Bound are some of the well-known companies in the travel intermediaries business.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

About Future Market Insights (FMI)

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

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Global Proteomics Market is forecasted to grow at a robust CAGR of 13.5%, reaching a total valuation of approximately US$ 109,485.7 Million by 2032

In 2022, it was predicted that the size of the global proteomics market demand would be over US$ US$ 30,825.04 Million. Proteomics demand is expected to increase significantly between 2022 and 2032, growing at a CAGR of 13.5%, reaching US$ 109,485.7 Million by the end of that year.

Proteomics, the study of proteins and their functions within biological systems, has emerged as a powerful field of research with vast implications for various industries. The Proteomics Market has witnessed significant growth in recent years, driven by advancements in technology, increased understanding of disease mechanisms, and rising demand for personalized medicine. This essay explores the current state and future prospects of the proteomics market, highlighting its impact on healthcare, pharmaceuticals, and other sectors.

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The proteomics market has experienced remarkable growth due to several key factors. First and foremost is the continuous improvement in analytical techniques, including mass spectrometry, gel electrophoresis, and protein microarrays, which have revolutionized protein analysis and identification. These advancements have enabled researchers to delve deeper into the complex nature of proteins and their interactions, leading to ground breaking discoveries and enhanced understanding of biological processes.

Moreover, the increasing prevalence of chronic diseases and the need for early detection and personalized treatment have propelled the demand for proteomics in healthcare. By analyzing proteins in bodily fluids or tissues, researchers can identify disease biomarkers, develop diagnostic tests, and monitor treatment efficacy. This personalized medicine approach has the potential to revolutionize patient care, optimizing therapies and minimizing adverse effects.

Proteomics Market: Drivers & Restraints

Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.

Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased. With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.

Proteomics Market: Regional Outlook

The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.

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Proteomics Market: Top Players

Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Proteomics Market: Key Segmentation

By Equipment:

Chromatography
Mass Spectroscopy
Protein Microarray
X-ray Crystallography
Protein fractionation
Others

By Services:

Laboratory Service
Data Analysis and Services

By Application:

Drug discovery
Clinical Diagnosis
Others

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Global Physical Therapy Supplies Market is poised to reach US$ 23,621.17 Million by 2032

The global physical therapy supplies market size is on an upward trajectory, with projections indicating a significant valuation of US$ 14,501.35 Million in 2022 and an estimated leap to approximately US$ 23,621.17 Million by the end of 2032. This surge reflects a robust Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period.

In an era marked by hectic lifestyles and inappropriate eating habits leading to widespread discomfort, pain in ligaments, nerves, muscles, back, and neck issues has become increasingly prevalent. Additionally, the rising incidence of conditions like stroke and Parkinson’s disease has further propelled the demand for physical therapy supplies.

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This anticipated growth signifies a substantial shift in healthcare priorities towards non-invasive treatments and rehabilitative care. Physical therapy supplies have emerged as a critical component in addressing these prevalent health concerns, offering effective solutions to manage and alleviate various musculoskeletal and neurological conditions.

The Physical Therapy Supplies Market refers to the industry involved in the manufacturing, distribution, and sales of equipment, tools, and supplies used in physical therapy practices and rehabilitation settings. Physical therapy supplies play a crucial role in assisting physical therapists and healthcare professionals in providing effective treatment and care to their patients.

Physical Therapy Supplies Market Overview:

As per The Institute of Physical Therapy and Applied Science, physical therapy is a holistic approach based on the manual treatment of soft tissues, i.e. muscles, tendons, ligaments and fascia. Hence, physical therapy differs greatly from physiotherapy as it does not specially treat the spine.

The main equipment used for physical therapy include ramps, exercise balls, resistance exercise bands, Nordic Track, treatment tables, ultrasound, Isokinetic devices, electrical muscle stimulation equipment, etc. The global physical therapy supplies market is likely to witness sustained growth in the next 10 years.

Physical Therapy Supplies Market: Drivers

In countries such as United States, there is a huge growth in the demand for physical therapy and this field is exhibiting a dynamic expansion in variety of new areas such as eldercare and sports medicine. As per the figures released by the World Health Organization, till 2014, 13% of the total world population was suffering from obesity.

This has a direct impact on the number of people needing physical therapy and hence the physical therapy supplies market is expanding. This is likely to boost the growth of the physical therapy supplies market in the coming years.

In addition, there is a noticeable increase in the number of disabled people in the world and they are likely to develop chronic conditions. Also, the baby boomer generation is now getting old and they are likely to suffer from ailments such as heart diseases and stroke.

Hence, the demand of physical therapists treating this segment of population is also increasing and this has a positive effect on the physical therapy supplies market. The other major contributing factor in the increasing demand for the physical therapy supplies market is the rise in unhealthy lifestyle habits.

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Physical Therapy Supplies Market: Key Regions

As far as the geographical spread is concerned, North America is the leading market in the global physical therapy supplies market due to a growing geriatric population and increasing incidences of neurological and cardiopulmonary diseases.

In addition to this, the initiatives by the government are also supporting the growth of the physical therapy supplies market in the region. In Europe, the physical therapy supplies market is expected to witness moderate growth due to increasing prevalence of neurological disorders, musculoskeletal problems and cardiopulmonary diseases in the region.

Also, an ageing population is also aiding the increase in demand of the physical therapy supplies market. As far as Asia is concerned, it represents the fastest growing region in the physical therapy supplies market. The reason for this is an increasing geriatric population and a large number of patients suffering from neurological diseases in Japan and China.

As per the scenario in United States, even though the physical therapy supplies market being a multibillion dollar industry, it is highly fragmented and extremely competitive.

Physical Therapy Supplies Market: Key Market Players

Some of the leading physical therapy supplies manufacturers include Enraf-Nonius B.V., Whitehall Manufacturing, ITO Co., Ltd., Zimmer MedizinSysteme GmbH, Storz Medical AG, RICHMAR, Dynatronics Corporation, EMS Physio Ltd., and others.

The largest 50 competitors in the global physical therapy supplies market comprise less than 25% of the global physical therapy supplies market. The reason for this is that the physical therapy supplies market is largely comprised of small independent practices rather than one consolidated entity.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

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Key Segments Covered in the Physical Therapy Supplies Market Study:

Physical Therapy Supplies Market by Application:

Neurology
- Stroke
- Spinal Cord Injuries
- Parkinson’s Disease
- Multiple Sclerosis
- Cerebral Palsy
- Others
Musculoskeletal
Pediatrics
Cardiovascular & Pulmonary
Other Applications

Physical Therapy Supplies Market by Type:

Hydrotherapy
Cryotherapy
Continuous Passive Motion
Ultrasound
Electric Stimulation
Heat Therapy
Therapeutic Exercise
Others

Physical Therapy Supplies Market by Demographics:

Non-Geriatric Population
Geriatric Population

Physical Therapy Supplies Market by End Use:

Hospitals & Clinics
Rehabilitation Centers
Others

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Airport Security Market Targets US$ 22,352.3 Million, Expecting a 5% CAGR by 2033 | FMI

According to estimates, the global market for airport security would grow to US$ 13,722.4 million by 2023. Sales are expected to grow at a strong 5% CAGR, according to the analysis, and the market worth will reach US$ 22,352.3 million by 2033.

The rapidly growing travel and tourism sector is altering how the world economy looks. The travel sector has made a substantial economic impact in recent years.

The tourist sector has not only generated enormous amounts of market income, but it has also stoked global labour markets. Market watchers predict that in the years to come, the travel and tourism sector will generate enormous sums of money.

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The expansion of other auxiliary businesses like aviation and hotel contributes to the overall boom in tourism. In recent years, the aviation sector has served as both a vulnerable target for terrorists and a breeding ground for several unlawful operations.

Airport security is becoming more and more significant as a result of the fact that airports are a major transit hub for millions of travellers worldwide.

Airport security market expansion is anticipated to be aided by the expanding commercial aviation industry and increasing demand for air travel throughout the world during the projected period. Passenger volume from nations like China and India is predicted to increase throughout the projection period, which would boost the sector even more.

To increase the efficiency of the boarding procedure at the airport, airport authorities throughout the world are replacing their manual security systems with automatic ones. Thus, this will also increase the market’s potential for growth.

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The demand for Asia is a consequence of rising terrorist activity and increasing spending on aviation infrastructure, which is supported by a rise in air passenger traffic, the Asia Pacific area is expected to experience substantial growth. The airline infrastructure is expected to expand in smaller cities in countries like India and China as a result of government measures to boost air travel.

As new airports are constructed in the region with more entry gates, larger airfields, and improved traffic management systems, the market need for such infrastructure and applications is anticipated to increase.

Key Take away from the industry

An increase in air travel is anticipated to boost market expansion.
Geographically speaking, the APAC region held the largest share of the airport security market in 2022.
To safeguard the safety of millions of passengers flying throughout the world, special legislation has been established and additional security procedures are now possible.
A strong security wall against any illicit activity is being built using specialised full-body scanners and other security tools supported by knowledgeable security staff.

Impact of Covid-19 on the industry

The COVID-19 pandemic had a detrimental effect on market participants’ sales in 2020. In 2020, the market for airport security experienced a decline of almost

Government officials enacted tight lockdown measures and travel restrictions as a result of the outbreak. Additionally, some organisations’ production, transportation, and supply chain capacities were hampered by border closures. The epidemic also caused a labour shortage in a number of market areas.

Temporary travel restrictions decreased the overall number of passengers choosing airlines, which had an influence on total revenue. However, with the market experiencing recovery in the previous year, the loosening of lockdown regulations increased the daily traffic of airports throughout various locations in 2021.

Who is winning?

Key Players are concentrating on expanding their market presence and acquiring new projects in various locations.

Leading players operating in the Global Airport Security market are – IBM Corporation, Axis Communications AB, C.E.I.A. S.p.A., FLIR Systems, Hitachi Ltd., Leidos, Inc., Westminster Group PLC, Honeywell International, Inc., Collins Aerospace (Raytheon Technologies), Biosensor Applications AB, OSI Systems, Thales Group, Siemens AG, Bosch Sicherheits System GmbH, Auto Clear LLC, and Smiths Detection Group Ltd., etc. are among others.

The Global Airport Security Market by Category

By Technology, Global Airport Security is segmented as:

Access Control
Cyber Security
Screening
Others (Perimeter Security, Surveillance)

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Material Advancements in Cap Liners: Driving Innovation and Cost Efficiency

A cap liner, also known as a bottle cap liner or seal liner, is a thin material inserted into the cap of a bottle or container to provide an additional layer of protection and seal the contents. These liners are typically made from materials such as foam, paperboard, plastic, or aluminum foil, and they serve several essential functions in packaging applications.

In 2021, the cap liner sector demonstrated its resilience, generating a substantial revenue of US$ 1.07 billion, as reported by FMI (Future Market Insights). The trajectory of this market indicates a promising future, with a projected valuation of US$ 1.8 billion by 2032. This growth path is characterized by a sturdy compound annual growth rate (CAGR) of 5.1%, spanning from 2022 to 2032. The cap liner market is set to experience heightened demand, with the top 5 providers collectively commanding a significant 35% to 40% share of the global cap liner market in 2021.

The heat induction cap liner segment in the cap liner, categorized by product type, is expected to command around 30.5% of the market value share by the conclusion of 2022. This prominence is attributed to the heightened preference for top-notch cap liners across a range of products.

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Here’s an overview of cap liners and their significance:

Sealing Integrity: Cap liners play a crucial role in maintaining the integrity of packaged products by creating a tight seal between the bottle or container and its cap. This seal helps prevent leakage, contamination, and tampering, ensuring that the contents remain fresh, safe, and intact throughout storage, transportation, and use.
Preservation of Product Quality: By providing an airtight and moisture-resistant barrier, cap liners help preserve the quality, flavor, and aroma of packaged goods, particularly perishable or sensitive products such as food, beverages, pharmaceuticals, and chemicals. The barrier properties of cap liners help protect against external factors such as oxygen, moisture, light, and odors that can degrade product quality over time.
Tamper-Evident Packaging: Many cap liners are equipped with tamper-evident features, such as induction seals, pressure-sensitive seals, or tear-off tabs, to provide visual evidence of tampering or unauthorized access. These security features help enhance consumer confidence in the safety and authenticity of packaged products, particularly in industries where product integrity is critical, such as pharmaceuticals and food and beverage.

Historic Outlook

The manifold advantages offered by cap liners, coupled with their increasing adoption across various end-use sectors, signify their rising popularity. These driving forces collectively contribute to the promising outlook of the cap liner market, indicating substantial growth prospects at a global scale.

The escalating need for packaging solutions that guarantee leak-proof integrity and offer contamination prevention capabilities is fueling the robust growth of the cap liner market across diverse end-user industries. Cap liners play a pivotal role in ensuring the preservation of product integrity, especially during transit and storage, which is a significant driver behind the increasing demand for cap liners in the foreseeable future.

Moreover, the surge in international trade of food products is poised to present lucrative opportunities for the expansion of the global cap liner market. This is because cap liners are essential in maintaining the freshness and quality of food items during their journey from producers to consumers.

Market Players

Selig sealing Inc.
Amcor
DuPont Teijin Films
M.F.I. Capliners
Bluemay Weston Limited
B&B Cap Liners LLC
Pres-On Corporation
Multipack Labels
Tekni-Plex Ltd.
Geraldiscos Ltd.
Meyer Seals Group
Gil Pack
Lows Cap Seal Sdn Bhd
Guangzhou Cheers Packing Co., Ltd

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Segmentation

By Product Type

Heat Induction Cap Liner
Pressure Sensitive Cap Liner
Foam Liners

By Application

Bottles
Jars

By End Use

Food & Beverages
Pharmaceutical
Cosmetics & Personal Care
Homecare
Chemical & Fertilizers
Other Consumer Goods

By Region

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

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Switched Reluctance Motors Market: Expanding Horizons and Future Forecast Until 2033

The global switching reluctance motors market is expected to be worth US$ 530.7 million in 2022. During the evaluation period, demand for switching reluctance motors is projected to remain high. This is owing to expanded use in various end-use sectors, which would generate US$ 1039.1 million in 2033, with a CAGR of 6.3% from 2023 to 2033. In 2023, the market is expected to be worth US$ 564.1 million.

Electric motors powered by reluctance torque are known as switched reluctance motors. When compared to other motor types, these motors provide higher efficiency, greater reliability, and improved performance.

Because of their simple and robust structure, switched reluctance motors have become ideal motor types for high-speed applications in recent years. They are quickly becoming popular as traction motors in electric and hybrid vehicles. Because of their simple and rugged construction, energy efficiency, and high-speed operation ability, they are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal plows.

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Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and the implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

Infineon Technologies AG
Nidec SR Drives Ltd.
E. KRETZSCHMAR
Domel, d.o.o.
MACCON
Renesas Electronics Corporation
Ramco Electric Motors
Regal Beloit Corporation

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Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

Single Phase
Double Phase
Triple Phase
Multi-Phase

By Application:

Electromechanical brake system
Fuel Pump
Electric Power Steering
Hybrid/ Electric Vehicles
Vacuum Blowers
Other

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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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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Referral Marketing Software Market Expects Meteoric 13.3% CAGR Growth, Eyeing US$ 1.2 Billion Valuation by 2032

The referral marketing software market is gearing up for significant growth, with a projected CAGR of an impressive 13.3%. By the year 2032, it is expected to reach a valuation of approximately US$1.2 billion.

The market for referral marketing software, which helps businesses harness the power of customer referrals to boost their growth and reach, is on a promising trajectory. The 13.3% CAGR signifies a sustained and robust expansion over the coming years, highlighting the increasing importance of referral marketing in the business world.

Businesses are recognizing the value of utilizing referral marketing software to tap into their existing customer base for recommendations and referrals. This approach not only enhances customer loyalty but also brings in new customers through trusted recommendations, ultimately leading to revenue growth. As we look ahead to 2032, the Referral Marketing Software Market is poised to play a pivotal role in the marketing strategies of businesses across various industries, solidifying its position as a billion-dollar industry with remarkable potential.

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Research tells us that when a friend recommends a product to someone, that person is four times more likely to buy it. This word-of-mouth recommendation also makes marketing efforts about 54% more effective. Referral marketing is popular because it helps companies grow their customer base through recommendations from happy customers. Plus, it’s a smart way to spend marketing money because you only pay for new customers who actually make a purchase. Additionally, when it comes to business-to-business (B2B) referral marketing software, it tends to lead to better customer retention rates, around 37%.

Many companies are now preferring automated referral marketing systems over doing things manually. Referral marketing software is a tool that can handle the repetitive tasks involved in referral programs, freeing up companies to improve and customize their referral strategies. It also makes it easier to connect with other systems, like the platforms where they sell their products or partner websites.

Research shows that about 60% of buyers check out a company’s social media accounts before deciding to buy from them. Additionally, 18% of people aged 25-34 wouldn’t recommend a company that isn’t active on social media. Nowadays, when people talk about businesses, a lot of that chatter happens on social media platforms.

The United States is expected to have the highest demand for referral marketing software in the coming years:

The United States leads the Referral Marketing software demand with over 30% share in 2021 and a projected market size of US$ 431.8 Mn in 2032, which is largely owing to a large number of companies that use this software in the area. The market in the US is projected to grow at a CAGR of 13.1% during the forecast period.

Leading Key Players in the Referral Marketing Software Market:

Impartner
Referral Candy
Genius Referral
Viral Loops Ltd
Hello Referrals
Tapfiliate
Mention Me
Annex Cloud
Invitevox
InfluitivE
Rocket Referrals

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Referral Marketing Software Industry Segmentation:

By Deployment:

Cloud-Based
Web-based

By Enterprise Size:

Large Enterprises
Small and Medium Enterprises

By Industry:

BFSI
Retail
E-commerce
Education
Hospitality
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI):

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