Market Research Blog – Page 3618 – New Product Development

Global Portable Medical Devices Industry on Track for a 10.7% CAGR, Projected to Exceed US$163.84 Billion by 2033 | Reports FMI

The Global Portable Medical Devices Industry is on the brink of a groundbreaking journey, poised for substantial growth with a projected compound annual growth rate (CAGR) of 10.7% over the forecast period. Industry experts anticipate a remarkable milestone, with the market expected to reach a market revenue of US$163.84 billion by 2033, marking a significant surge from the US$59.28 billion recorded in 2023.

This numerical advancement signifies more than just market expansion; it signals a paradigm shift in the healthcare sector’s approach to technology. The landscape of portable technology is undergoing a profound transformation, extending beyond conventional applications like smartphones and music players to revolutionize patient care.

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The market growth can further be attributed to the accelerating demand for wearable electronics and portable medical devices, the surging geriatric population, and technological advancements. The ongoing technological upgrades in portable medical devices are projected to enhance their uptake over the forecast period. In August 2022, SmartCardia introduced a 7L cardiac monitoring patch. This new device incorporates remote patient monitoring with wearable medical technology to provide customized and predicted patient insights.

The rising demand for portable medical devices that allow constant monitoring during a patient’s stay is projected to boost the market growth. Additionally, the launch of technologically advanced systems to cater to the evolving demand of end users is brightening the growth prospects of portable medical devices.

Key Highlights of the Global Portable Medical Devices Industry:

The United States is anticipated to be heading the market growth of portable medical devices. The market is driven by technical advances in embedded systems, sensors, and electronics, which are driving new developments in medical technologies.
The China portable medical devices market is witnessing robust growth. The market growth can be attributed to the surging demand for portable medical devices to monitor the physical activities of the populace for early detection or prevention of diseases.
The United Kingdom is predicted to witness healthy market development in the European region. The market is estimated to be propelled by the rising prevalence of cancer and the growing utilization of diagnostic systems. In addition to this, the growing incidence of diabetes and surging adoption of sophisticated therapeutics is projected to support market growth.

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Latest Market Developments in the Global Portable Medical Devices Industry Landscape:

In October 2022, Biocorp, which is a French company that specializes in the development, design, and manufacturing of inventive medical devices, declared the signing of a strategic partnership with Novo Nordisk. This partnership aims to commercialize Mallya, a smart sensor, firstly in Japan. This smart sensor directly links to the insulin pens of Novo Nordisk FlexTouch and is applicable for blood glucose monitoring.
In October 2022, GenWorks, a Bengaluru-based start-up, which was formerly a Wipro GE-invested company, introduced a new portable device, BrasterPro, for breast cancer screening. This portable device is radiation-free, easy to use, and relies on a contact-based screening process.

Key Market Segmentation for the Global Portable Medical Devices Industry

By Product:

Diagnostic Imaging
- CT
- Ultrasound
- X-ray
- Endoscope
Therapeutics
- Nebulizer
- Insulin Pump
- Image-guided Therapy Systems
- Oxygen Concentrator
Monitoring Devices
- Cardiac Monitoring
  - Resting ECG System
  - Stress ECG Monitors
  - Holter Monitors
  - Event Monitoring Systems
  - Electrocardiography (ECG) Management Systems
- Neuromonitoring
  - Electroencephalography (EEG) Machines
  - Intracranial pressure (ICP) Monitors
  - Electromyography (EMG) Machines
  - Cerebral Oximeters
  - Magnetoencephalography (MEG) Machines
- Respiratory Monitoring
  - Spirometers
  - Capnographs
  - Peak Flow Meters
- Fetal Monitoring
- Hemodynamic Monitoring Systems
- Neonatal Monitoring
- Vital Sign Monitors
Smart Wearable Medical Devices

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By Application:

Gynecology
Gastrointestinal
Urology
Neurology
Cardiology
Respiratory
Orthopedics
Others

Author

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

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

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Explosive Growth Predicted: Global Graph Database Market Set to Reach US$ 9,909.3 Million by 2032

According to predictions, the worldwide graph database market is expected to develop significantly, with a predicted increase in market share from US$ 1,938.0 million in 2022 to US$ 9,909.3 million by 2032. These findings, which demonstrate a strong Compound Annual Growth Rate (CAGR) development from 16.3% (2017–2021) to 17.7% during the predicted period, are based on thorough research completed by Future Market Insight.

Some legacy database providers are attempting to combine graph database schemas with their current relational database architectures due to the increasing usage of graph database tools and services. While the approach may theoretically result in cheaper costs, in practise it might limit and impede database query performance.

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Key Market Trends and Drivers

The market’s growth trajectory is influenced by several key drivers and trends:

Low-Latency Query Response Services: A pressing demand for services capable of responding to low-latency queries is a prominent factor driving the graph database market forward. Businesses are seeking real-time insights and efficient data processing, fostering the adoption of graph databases.
Master Data Management: The increasing need for effective master data management solutions is propelling the demand for graph databases. These databases offer a versatile approach to organizing and managing complex relationships, making them an ideal choice for addressing master data challenges.
Emergence of Open Knowledge Networks: The rise of open knowledge networks is contributing to the market’s growth. Graph databases play a pivotal role in structuring and navigating intricate connections within these networks, enabling efficient knowledge dissemination and sharing.
Tracking Digital Assets: Businesses are experiencing a growing necessity to track digital assets such as documents, evaluations, agreements, and more. Graph databases offer an intuitive way to manage these assets and their relationships, facilitating streamlined asset tracking processes.
AI-Based Technologies and Services: The utilization of artificial intelligence-based graph database technologies and services is on the upswing. This integration enhances data analysis capabilities, allowing businesses to extract valuable insights from intricate data structures.

Regional Trends and Competition Analysis

The graph database market’s growth is not limited to a specific region. It is experiencing substantial expansion across various global regions, indicating a widespread adoption of graph database technologies. As businesses increasingly recognize the value of efficient data management and analysis, competition among key market players is intensifying.

Leading companies in the graph database market are strategically focusing on innovation, product development, and partnerships to gain a competitive edge. This dynamic landscape underscores the industry’s commitment to meeting evolving customer demands and staying at the forefront of technological advancements.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Graph Database Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Graph Database: Market Segmentation

By Component:

Software
Services

By Deployment Mode:

Cloud
On-premises

By Organization Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Application:

Customer Analytics
Risk, Compliance and Reporting Management
Recommendation Engines
Fraud Detection and Prevention
Supply Chain Management
Operations Management and Asset Management
Infrastructure Management, IoT, Industry 4.0
Knowledge Management
Content Management, Data Extraction and Search
Metadata and Master Data Management
Scientific Data Management
Others

By Type:

RDF
Labeled Property Graph

By Vertical:

BFSI
Retail and eCommerce
Telecom and IT
Healthcare, Pharmaceuticals, and Life Sciences
Government and Public Sector
Manufacturing and Automotive
Media and Entertainment
Energy and Utilities
Travel and Hospitality
Transportation and Logistics
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Dental Orthodontic Wax Industry Primed for a Spectacular Journey, Projecting Over US$2 Billion by 2032 with a 4.5% CAGR | FMI Report

The Global Dental Orthodontic Wax Industry is poised for substantial growth, according to a recent market analysis conducted by Future Market Insights (FMI). Projections indicate that the industry, valued at US$900 million in 2022, is on track to exceed US$2 billion by 2032.

FMI’s comprehensive study reveals a robust compound annual growth rate (CAGR) of 4.5% over the forecast period from 2022 to 2032. This anticipated surge in market value is attributed to the increasing prevalence of malocclusion and a growing demand for cost-effective orthodontic treatments.

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Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Global Dental Orthodontic Wax Industry: Segmentation

Valuable information covered in FMI’s Global Dental Orthodontic Wax Industry report has been segregated into key segments and sub-segments.

By Wax Pattern

Pattern waxes
Inlay wax
Resin wax
Casting wax
Base plate wax
Impression waxes
Corrective wax
Biteplate wax
Soft impression wax
Disclosing wax
Processing waxes
Boxing wax
Beading wax
Sticky wax
Utility wax

By Source

Natural dental orthodontic wax
Synthetic dental orthodontic wax
Segmentation by End User
Hospitals
Dental Clinics

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Global Dental Orthodontic Wax Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Global Dental Orthodontic Wax Industry. Competitive information detailed in the Dental Orthodontic Wax 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 Global Dental Orthodontic Wax Industry report.

Key players covered in the report include:

Kerr Corporation,
C.J. Robinson Company, Inc.,
DWS Systems,
Carmel Industries,
Bracon Dental,
Bilkim Ltd. Co.,
Pyrex Polymers,
Metrodent Ltd,
Solstice T&I,
Bracon Dental.

Important Questions Answered in the Global Dental Orthodontic Wax Industry Report

Which end-user remains the top revenue contributor in different regional markets?
At what rate has the Global Dental Orthodontic Wax Industry been expanding during the forecast period?
How will the Global Dental Orthodontic Wax Industry look like by the end of the forecast period?
What innovative strategies are adopted by Dental Orthodontic Wax market players to stay ahead of the pack?
What are the restraints affecting the growth of the Global Dental Orthodontic Wax Industry?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Dental Orthodontic Wax market

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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.

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Nandini Singh Sawlani

Building Energy Management Solutions Market Surges: Valued at $4.7 Billion, Anticipated to Reach $15.2 Billion by 2032

The building energy management solutions market is ready to witness a noteworthy CAGR of 12.5% from 2022 to 2032. Over the determined years, the building energy management solutions market share is assessed to arrive at a total assets of US$ 15.2 Billion, improving from the ongoing valuation of US$ 4.7 Billion in the year 2022.

Rising worldwide drives for energy proficiency and mechanical progression in energy proficient building management solutions, are the key variables affecting the development of building energy management solutions market universally. Building energy management framework is a coordinated modernized answer for empower savvy energy productivity in buildings.

These solutions incorporate observing and controlling the working gadgets and gear of the building, for example, ventilation and cooling frameworks, warming, lighting, checking, identifying and other associated power frameworks.

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Building energy management framework empowers the constant checking and control on whole framework associated with the building. Energy execution of the building is accomplished by the consistent improvement of the building computerization and control frameworks.

Building energy management solutions additionally incorporates energy request management, which manages improvement energy use by coordinating, unofficial laws, monetary motivations and conduct changes.

Global Building Energy Management Solutions Market: Market Dynamics

Rising energy efficiency standards, broader adaptation to internet of things (IoT) technology coupled with analytical solutions, stringent government regulation on energy efficiency, and global initiative to reduce greenhouse emission are the key factor driving the global demand for building energy management solutions.

Changing organizational structures, rising energy cost, growing awareness on energy governance, and the developing trend towards smart building are further expected to accelerate the demand for building energy management solutions globally.

Additionally, increasing customer understanding about the business benefits of energy management solutions, rising carbon taxes, and favorable government polies to implement energy management solutions are expected to fuel the growth of building energy management solutions market globally.

However, high implementation cost, unstable economic condition and long-term return on investment are some of the factors restraining the growth of global building energy management solutions market.

Global Building Energy Management Solutions Market: Regional Outlook

Regionally, the global building energy management solutions market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

North America and Europe market is in advanced stage of energy management solutions and is expected to dominate the market. Asia Pacific is identified as the fastest growing market due to growing economy, technological advancement, expanding infrastructure, smart city initiatives, and industrialization.

Global Building Energy Management Solutions Market: Competition Landscape

The key vendors in the global building energy management solutions market are Siemens AG, Schneider Electric, Honeywell International, Inc., Cisco, Eaton., General Electric Company, Johnson Controls., CA Technologies, Ecova, Inc., and Cylon Controls. Collaborating with other players and service providers in the building energy management market is the key strategy followed by major market vendors to gain competitive edge.

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Key Segments in the Building Energy Management Solutions Market

By Component:

Hardware
Software
Sensors
Actuators
Controls
Others

By End User:

Industrial
Commercial
Government
Residential
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author:

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Connected Home Appliances Market Soars: Valued at US$ 33.8 Billion in 2022, Predicted CAGR of 8.8% to Reach US$ 78.4 Billion by 2032

The market for connected home appliances is projected to be worth US$ 33,842.2 million in 2022 and to reach US$ 78,371.7 million in 2032 at a CAGR of 8.8%. The need for home automation is said to be on the rise.

In short, any electronic home appliance if provided with internet connectivity would become connected home appliance. Smart home appliances enable users to monitor and control household activities from remote location. Growth of connected home appliances depends upon various factors such as internet infrastructure availability and smart phone penetration rate of the targeted region.

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If internet infrastructure of any country is robust and efficient, there would be more demand for connected home appliances. Being the more energy efficient solution compared to their traditional counterparts, connected home appliances are being adopted with substantial high adoption rate across the globe.

Connected Home Appliances Market: Drivers and Restraints

Personal and family security is the primary factor driving the adoption of connected home appliances by consumers across the globe. Over the last decade, adoption of connected home appliances grown quickly with the evolution of consumers who are more technology enthusiast. Also, with increasing adoption of smart phones, consumers are becoming more familiar with touch controls and world of apps which, in turn driving their attraction towards adoption of smart appliances.

As connected home appliances generate more profit for the appliance makers as compared to traditional ones, manufacturers are diverting their focus from simple appliance manufacturing business to this business (connected appliance manufacturing), in order to increase their profitability margin. On the other hand, in various under developed or some of developing regions, lack of internet infrastructure and affordability issue are the factors hindering the growth of global connected home appliances market.

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Market Competition

The key players in the global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, and General Electric among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

In April 2021 – Whirlpool of India, presents the IntelliFresh Pro Bottom Mount Refrigerator, powered by Advanced Adaptive Intelligence Technology that automatically senses changes in weather, load and usage patterns and adapts the cooling accordingly.
In June 2022 – GE Profile announced the availability of its Top Load 900 series, the first-ever washer with Alexa built-in and the latest addition to the series announced earlier this year as part of the new GE Profile laundry portfolio.

Connected Home Appliances Market: Market Players

The key players of global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, General Electric and others.

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Key Segments Profiled In The Connected Home Appliances Industry Survey

Connected Home Appliances Market by Appliance Type:

Connected Laundry Appliances
- Smart Washers
- Smart Dryers
- Others
Connected Security Appliances
Connected Water Treatment Appliances
- Smart Filters
- Smart Water Heaters
- Smart Water Softeners
- Water Filtration Systems
Connected Kitchen Appliances
- Smart Refrigeration
- Smart Cooking Appliances
- Cleaning Appliances
Other Connected Home Appliance Types
- Smart LED Lighting
- Smart Air Purifiers & Filters
- Smart Compactors

Connected Home Appliances Market by Technology:

Wi-Fi-powered Connected Home Appliances
NFC-powered Connected Home Appliances
Bluetooth-powered Connected Home Appliances

Connected Home Appliances Market by Region:

North America Connected Home Appliances Market
Latin America Connected Home Appliances Market
Europe Connected Home Appliances Market
Asia Pacific Connected Home Appliances Market
Middle East and Africa Connected Home Appliances Market

Author:

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Global Nonvascular Interventional Radiology Devices Industry Forecasted to Surge at 6% CAGR, Surpassing US$44.5 Billion Mark by 2032 | FMI

In a groundbreaking revelation, the Global Nonvascular Interventional Radiology Devices Industry is on the brink of a transformative growth trajectory, projecting an extraordinary Compound Annual Growth Rate (CAGR) of approximately 6% over the forecasted period. This surge is expected to catapult the market from an estimated US$24.9 billion in sales in 2022 to a staggering US$44.5 billion by 2032.

The expansive growth of the Nonvascular Interventional Radiology Devices market is underpinned by a diverse range of cutting-edge technologies and innovative medical solutions. The sector’s unwavering commitment to addressing a vast spectrum of medical conditions continues to drive revolutionary changes in the landscape of modern healthcare.

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels which can be seen in the Healthcare industry as well. The thriving market of healthcare research and development is expected to exhibit a steep decline in sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials, and absence of potential manpower.

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It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic era to focus on the growth and development of the Global Nonvascular Interventional Radiology Devices Industry. The study features insights into the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways from the forecast.

The team of analysts at Future Market Insights is focussing on research and market study to produce different Global Nonvascular Interventional Radiology Devices Industry forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Nonvascular Interventional Radiology Devices Industry.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: Siemens Healthcare, Q3 Medical Devices Limited, Röchling Group, Boston Scientific Corporation, Cook, and Teleflex Incorporated

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Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Based on product type, Global Nonvascular Interventional Radiology Devices Industry can be segmented as:

Sutures
Gloves
Drainage Tubes
Biopsy Needles
Catheterization Sets
Others

Based on Application, Global Nonvascular Interventional Radiology Devices Industry can be segmented as:

Cancer Tumors
Uterine Fibroids
Liver and Pancreatic Disorders
Others

Based on End User, Global Nonvascular Interventional Radiology Devices Industry can be segmented as:

Hospitals
Radiology Centers
Diagnostic Laboratories
Research Centers
Ambulatory Surgical Centers

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Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Regional Analysis Covered

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets

Author

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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Expansive Growth Projected for Brewing Boiler Market, Expected to Surpass US$ 2,747.5 Million by 2033 with a Steady 3.8% CAGR

The global brewing boiler market achieved a notable milestone, reaching a valuation of US$ 1,822.9 million in 2022. Looking ahead to 2023, further expansion is anticipated, with the market projecting a valuation of US$ 1,892.2 million. What distinguishes this trajectory is the anticipated growth beyond 2023, with brewing boiler sales expected to demonstrate a commendable Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033. This upward trend is forecasted to culminate in a market estimated to be valued at US$ 2,747.5 million by the year 2033.

Brewing boilers, serving as integral components at the core of large-scale beer production, play a pivotal role in the craft beverage industry. Functioning as indispensable equipment units, they provide the essential heat required for crafting high-quality alcoholic beverages, underscoring their significance in facilitating the mass production of beer. This trajectory underscores the resilience and sustained demand within the brewing boiler market, driven by its crucial role in the production of quality beverages.

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Drivers and Opportunities in the Global Brewing Boiler Market:

Production Efficiency and Quality:The adoption of brewing boilers enables breweries to meet production demands while maintaining high-quality standards. This efficiency and quality assurance attract breweries to invest in brewing boilers, driving their popularity and adoption.
Rising Consumption of Alcoholic Beverages:The increasing consumption of alcoholic beverages like beer and cider worldwide, coupled with the growing number of breweries, is a significant driver. This trend fuels the demand for brewing boilers as breweries aim to meet the escalating production requirements.
Productivity Enhancement:The need to enhance overall productivity, reduce labor costs, and improve product quality acts as a driving force for brewing boiler demand. Breweries seek advanced solutions like brewing boilers to streamline processes and achieve operational efficiency.
Automatic Brewing Boilers:Demand for automatic brewing boilers is on the rise due to their advantages such as high speed, precise temperature control, and energy efficiency. These features lead to faster brewing times and consistent product quality, making automatic boilers a preferred choice.
Development of Enhanced Boiler Systems:Ongoing innovation in brewing boiler design and technology results in highly efficient and compact boiler units. Manufacturers’ constant efforts to improve boiler systems provide breweries with advanced solutions that optimize energy consumption and space utilization.

Key Insights from the Global Brewing Boiler Market:

Moderate Growth Projection:The global demand for brewing boilers is projected to grow at a moderate CAGR of 3.8% between 2023 and 2033. This growth rate is slightly lower than the 4.9% CAGR observed during the period from 2018 to 2022.
Demand Drivers:The increasing global demand for beer, cider, and other alcoholic beverages is a prominent driver of the brewing boiler market. The rise in the number of breweries and microbreweries further contributes to the market’s growth.
Market Dynamics:The market’s growth rate is expected to slow down in the coming years due to factors such as intensified competition from other alcoholic beverages like wine and spirits. Additionally, the growing popularity of non-alcoholic beverages impacts the demand for traditional brewed products.
Regulatory Impact:Stricter alcohol consumption regulations implemented by various countries are anticipated to affect the demand for beer and other brewed products. These regulations may influence consumer preferences and consumption patterns.
Continued Growth:Despite challenges from other beverage categories and regulatory changes, the overall market for brewing boilers is projected to exceed US$ 2,747.5 Million by 2033. The sustained demand for beer and alcoholic beverages remains a driving force.
Diverse Offerings:The availability of brewing boilers in various sizes and operating modes is expected to play a significant role in expanding the global market. This diversity allows breweries to choose equipment that aligns with their production needs and capacity.
Market Resilience:While challenges exist, the market’s resilience is evident through its projected growth trajectory. The enduring popularity of beer and the brewing industry’s adaptability contribute to the market’s positive outlook.

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Key Companies Profiled:

Applied Technologies of New York, Inc.
Miura Boiler
MAXIMA BOILERS PRIVATE LIMITED
Columbia Boiler Co
Northwest Industrial Equipment, Inc.
Concept Boiler Systems
CFB Boilers Ltd
ZG Group
Atlanta Boiler & Mechanical Inc.
Shandong Zunhuang Fermenting Equipment Co., Ltd

Brewing Boiler Industry by Category:

By Material Type:

Stainless Steel
Cast-iron
Copper

By Application:

Wine Breweries
Beer Breweries
Cider

By Automation:

Automatic
- Electric
- Steam
- Others
Semi-automatic
- Gas
- Oil
- Others

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Goat Creep Feeder Market Positioned for Significant Growth, Expected to Reach US$ 497 Million by 2033 with a Steady 5.9% CAGR

The goat creep feeder market is poised for substantial expansion, with an anticipated Compound Annual Growth Rate (CAGR) of 5.9% until 2033. Future Market Insights (FMI) projects this growth to elevate the market valuation from US$ 280 million in 2023 to a noteworthy US$ 497 million by 2033.

An influential trend shaping the goat creep feeder market is the increasing adoption among small-scale goat producers. These specialized feeders offer a controlled and efficient feeding technique specifically tailored for young goats, thereby mitigating the risk of overeating and ensuring their healthy development. This distinct advantage has sparked a surge in demand for goat creep feeders, solidifying their position as indispensable tools in modern goat farming practices.

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Exploring the Landscape of the USA Goat Creep Feeder Market:

Key Insights and Figures:

Market Share in 2022: 27%
Market Value in 2022: US$ 71.3 million

In the United States, the goat creep feeder market is making significant strides, with a noteworthy 27% market share in 2022, representing a market value of US$ 71.3 million.

The Agricultural Marketing Service (AMS) plays a pivotal role in supporting the promotion of agricultural products, including goat creep feeders. AMS not only offers technical guidance but also provides valuable market data and economic analysis to empower producers and processors in making informed business decisions.

UK’s Small Business Sector Leans Heavily into Automation:

Key Statistics:

Market Value in 2022: US$ 22.9 million
Market Value in 2033: US$ 42.4 million
Market Share (2023 to 2033): 8.7%
Market CAGR (2023 to 2033): 6.3%

In the United Kingdom, the small business sector is placing a significant emphasis on automation, and this trend is making a remarkable impact on the market for specialized feeders. The market was valued at US$ 22.9 million in 2022 and is projected to grow substantially to reach US$ 42.4 million by 2033.

China’s Tech-Support Sparks Fresh Opportunities for Goat Creep Feeder Manufacturers:

Key Figures:

Market Value in China (2022): US$ 22.66 million
Market Value in China (2033): US$ 36 million
Market Share in China (2023 to 2033): 8.6%
Market CAGR in China (2023 to 2033): 4.7%

Notably, China’s market for goat creep feeders is set to continue its growth trajectory. By 2033, it is expected to reach a market value of US$ 36 million, with a projected market share of 8.6% from 2023 to 2033. The sector is expected to sustain a healthy Compound Annual Growth Rate (CAGR) of 4.7% during this period, highlighting the opportunities for goat creep feeder manufacturers in the Chinese market.

Japan’s Strategic Approach to the Emerging Goat Creep Feeder Market:

Japan is poised to leverage new manufacturing approaches to tap into the emerging goat creep feeder market. Currently, the majority of goat creep feeders in Japan are imported from abroad and have not yet gained widespread adoption in the country. Nevertheless, there is a growing interest in this market, and its future prospects are promising. By 2022, it is projected that the goat creep feeder market in Japan will account for a 4.6% share and be valued at approximately US$ 12.1 million.

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Key Players:

NINGBO JOYGEN MACHINERY CO.,LTD
Qingdao Zhongyu Plastic Products Co., Ltd
Shaoxing Suje Import & Export Co., Ltd
Qingdao Esun Industry and Trade Co., Ltd.
Henan Hengyi Automation Technology Co., Ltd
Qingdao Kemiwo Industrial Technology Co., Ltd
Priefert Creep Feeder
Qingdao Huarui Jiahe Machinery Co., Ltd
Shaul’s Manufacturing
Shanghai Tandy Machinery Manufacturing Co., Ltd

Key Segments:

By Material:

Carbon Steel
Stainless Steel
Others

By Operation:

Automatic
Manual
Semi-Automatic

By Application:

Outdoor
Indoor

By Region:

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

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Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Predictive Analytics Market Surges to US$55.5 Billion by 2032, Fueled by Robust 15.8% CAGR – Future Market Insights

The Predictive Analytics Market revenues were estimated at US$ 12.8 Billion in 2022 and is anticipated to grow at a CAGR of 15.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55.5 Billion. Cloud deployment is employed by 94% of enterprises, according to the RightScale 2019 State of the Cloud survey. As of now, the cloud holds more than half of all corporate data, and this trend is projected to continue as cloud-based predictive analytics grows.

Predictive analytics is preferred for cloud deployment as it offers intuitiveness, and ease of maintenance. The cloud-based segment, according to the manufacturers, is a profitable deployment choice owing to the simplicity with which AI and cognitive capabilities can be incorporated. It is possible to achieve more scalability, agility and enhanced resource management, less investment, and a reliable revenue curve. Google Drive, One Drive, and Office 365 are three of the most well-known cloud services.

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Predictive analytics at Google is based on Google Cloud AI and machine learning technologies and services. Organizations may use current tools and models to go beyond knowing what happened in the past and provide the best assessment of futuristic estimates. For specialists, the Vertex AI allows them to develop complicated models faster and at a cheaper cost. AI building blocks enable amateurs to easily incorporate AI to their services.

Since cloud-based solutions focus on simple, standardized interfaces, integration effort and expense are decreased, reducing the requirement for an organization’s IT employees to adopt these solutions. It also allows for tight behavioral integration without requiring tight system integration. Another advantage of cloud computing is access to massive amounts of data. Many new massive data sources are only available on the cloud. Furthermore, cloud computing suggests that data transfer speeds will be less limited for businesses. All of this highlights the value of moving analytic modelling to the cloud, where it can be near to these new data sources.

Key Takeaways from the Market Study

Global Predictive Analytics Market is estimated to reach a market size of US$ 12.8 Bn by 2022.
The BFSI segment, is expected to account for the highest CAGR of 15.7% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 14.8 Bn during 2022 – 2032.
The market in US is set to experience the highest CAGR of 15.7% during the 2022-2032 forecast period.

“During the projected period, the rise of big data and machine learning are likely to become key drivers in raising the predictive analytics market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Predictive Analytics Market are focused on R&D to produce innovative technological solutions.

In February 2022, Bharti Airtel, India’s leading supplier of communications products, has selected Oracle Fusion Cloud ERP and Oracle Fusion Cloud Supply Chain & Management (SCM) to modernize and optimize its financial, planning, and supply chain operations. Airtel’s shared services operations will be transformed by merging Oracle Cloud ERP and Oracle Cloud SCM technologies, with the objective of increasing overall efficiency and agility.

Market Segments Covered In Predictive Analytics Market Analysis

By Component:

Solutions
- Predictive Financial Analytics
- Predictive Risk Analytics
- Predictive Marketing Analytics
- Predictive Sales Analytics
- Predictive Customer Analytics
- Predictive Web and Social Media Analytics
Services
- Professional Services
- Managed Services

By Deployment Mode:

Cloud
On-premises

By Organization Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Vertical:

BFSI Predictive Analytics
Manufacturing Predictive Analytics
Retail and eCommerce Predictive Analytics
Government and Defense Predictive Analytics
Healthcare and Life Sciences Predictive Analytics
Energy and Utilities Predictive Analytics
Telecommunications and IT Predictive Analytics
Transportation and Logistics Predictive Analytics
Media and Entertainment Predictive Analytics
Travel and Hospitality Predictive Analytics
Other Predictive Analytics

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Author:

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

System on Module Market Poised for Striking Growth, Expected to Reach US$ 4.65 Billion by 2033 with a Remarkable 15% CAGR

The system on module market is poised for significant expansion, projected to achieve a valuation of US$ 1.15 billion by 2023, soaring to an impressive US$ 4.65 billion by 2033. This growth trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 15%, as forecasted by Future Market Insights (FMI).

The ascent of the SoM market is driven by a convergence of influential factors, including urbanization, digitization, widespread online presence, and the widespread adoption of advanced Artificial Intelligence (AI) technology. These elements collectively contribute to the escalating demand for SoM solutions. A pivotal driver behind this market’s growth is the pursuit of enhanced performance in consumer electronics, spanning smartphones, laptops, tablets, and computers. The strategic integration of chipboards within these systems for specific tasks plays a crucial role in fueling the increasing demand for SoM solutions, positioning the market for remarkable growth in the foreseeable future.

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Key Takeaways:

The system on module market is expected to have a valuation of US$ 4.65 billion by 2033.
With a CAGR of 15%, the global market is expected to increase from 2023 to 2033.
The United States system on module market is anticipated to secure a maximum share through 2033.
In the historical period, the market secured a CAGR of 14.1% between 2017 and 2022.
In the historical period, the market captured US$ 1.01 billion between 2017 and 2022.

Who is Winning?

The prominent vendors are the leading players in the market that invest a vast amount in acquiring maximum profits. These focus on consumers’ expectations and developing better innovative products that satisfy their requirements. The players are adopting several marketing tactics with advanced technologies to achieve their goals in the global market.

Automobile manufacturers developing advanced autonomous cars with machine learning and sensor technologies are flourishing the market opportunities. Growing demand for embedded systems and cloud-based technologies are increasing the sales of system on module. The innovation of wearable and wireless devices, such as smartwatches, is flourishing the market growth. The adoption of industrial robots and machine learning technology bolsters the market size.

Marketers are developing several advanced devices for end-use industries to reduce workloads and labor work. They are expanding their business to another height through their marketing skills, ideas, and research & development activities. These marketing tactics are mergers, product launches, acquisitions, partnerships, and collaborations.

Advantech Co Ltd., ConnetTech Inc., AAEON Technology, Avnet Inc., EMAC Inc., Avalue Technology, Axiomtek Co Ltd., Eurotech Inc, National Instruments, SECO S.P.A., VIV Technologies Inc., Kontron ST & G,Phytec, Microchip Technology, Emac Inc.,Unex Technology, Digi International Inc., Variscite

Recent Developments in the Market are:

In October 2021, Seco announced its acquisition with Garz and Fricke Group to expand its strength in the European market.
In September 2021, TechNexion announced its partnership with Emteria for developing and uplifting embedded products on the Android operating system.
In 2022, SiFive partnered with BrainChip to design optimized chips with machine learning and Artificial Intelligence technologies for computing edge.
In 2020, e2-s and SoMLabs collaborated on custom design products based on SOMs.

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Market by Category:

By Product:

Power Architecture
ARM Architecture
x86 Architecture

By Application:

Medical
Transportation
Industrial Automation
Entertainment
Test & Measures

By Standard:

SMARC
Qseven
COMExpress

By Region:

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

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Author:

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

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

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

About Future Market Insights, Inc.

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube