Battery Electrolytes Market Projected to Reach US$ 8.4 Billion by 2033, Fueled by Surging Demand in Electric Vehicles and Renewable Energy

Battery Electrolytes Market
Battery Electrolytes Market

The increasing demand for lithium-ion batteries and increased awareness about renewable energy sources are driving market growth. The global battery electrolytes industry size is likely to be valued at US$ 4 billion in 2023. The market is estimated to garner US$ 8.4 billion by 2033, recording a CAGR of 7.7% from 2023 to 2033.

Factors contributing to the growth of the battery electrolytes market are mainly the recent developments in electrolytes technology and increasing application in electric vehicles. The increasing use of portable electronic devices, such as smartphones, tablets, and laptops, has led to a higher demand for high-performance batteries, expected to drive the battery electrolytes market.

Increasing awareness of cleaner energy transportation systems & increased use of electric vehicles is expected to boost the growth of the battery electrolytes market The increasing adoption of lead acid batteries by automotive manufacturers offers numerous growth opportunities for the market players. The growing adoption of EVs worldwide has fueled the demand for lithium-ion batteries which in turn led to the growth of the battery electrolytes market.

The increasing demand for lithium-ion battery electrolytes and the rapid increase in research & development activity led to the development of new and advanced electrolytes with improved properties, such as higher energy density, better thermal stability, and enhanced safety, this is anticipated to drive demand for battery electrolytes during the forecast period.

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Increasing demand for battery electrolytes from various industries such as automotive & consumer electronics in the Asia Pacific is expected to drive the battery electrolytes market in the region. Increasing production of lithium-ion batteries in North America drives market growth in the region.

Key Takeaways in the Battery Electrolytes Market:

  • From 2018 to 2022, the market demand expanded at a CAGR of 8.8%.
  • Based on type, the lead acid segment accounts for a CAGR of 7.4%.
  • By end-use, the automotive segment is expected to expand at a CAGR of 7.1% during the forecast period.
  • North America to emerge as a promising market, capturing a CAGR of 7.6%.
  • Asia Pacific is an opportunistic market, expected to capture a CAGR of 7.6% during the forecast period.

“Growing technological innovation and increased demand for batteries in key industries are expected to drive the market in the forecast period. The increasing research & development activities to develop new electrolytes globally are projected to play a vital role in strengthening the market,” – says a lead analyst at FMI.

Competitive landscape in the Battery Electrolytes Market:

Prominent players in the battery electrolytes market are BASF SE; 3M Company; Mitsui Chemicals, Inc.; LG Chem; Asahi Kasei Corporation among others.

  • Mitsubishi Chemical Corporation has been engaged in the development of advanced battery electrolytes. They have introduced innovative electrolyte additives, including lithium bis (fluorosulfonyl)imide (LiFSI), which enhance the performance and stability of lithium-ion batteries. Mitsubishi Chemical Corporation is also exploring solid-state electrolytes for next-generation batteries.
  • Solvay, a Belgian chemical company, has been working on electrolyte technologies for lithium-ion batteries. They have developed advanced electrolyte additives, such as fluorinated solvents and lithium salts, to improve the safety and performance of batteries. Solvay’s electrolyte solutions aim to increase energy density, reduce flammability, and enhance battery life.

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Know More what this Market Report Covers:

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

To understand opportunities in the battery electrolytes market, the market is segmented based on type and end-use across five major regions.

Key Segments Covered:

By Type:

  • Lead-Acid
  • Lithium-Ion
  • Others

By End Use:

  • Automotive
  • Consumer Electronics
  • Others

By Region:

  • North American
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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Ceramic Membranes Revolutionize Industrial Processes: Global Market Set to Exceed US$ 15.61 Billion by 2033, Fueled by Demand in Food, Pharmaceuticals, and Biotechnology Sectors

Ceramic membranes offer excellent filtration capabilities for water and wastewater treatment. They can effectively remove suspended solids, bacteria, viruses, and other contaminants, ensuring clean and safe water. Ceramic membranes are known for their durability, chemical resistance, and high fouling resistance, making them suitable for challenging water treatment applications.

In 2023, the Ceramic Membranes industry size is expected to be worth US$ 5.45 billion. The market is expected to reach US$ 15.61 billion by 2033, expanding at 11.2% CAGR throughout the forecast period.

Ceramic membranes find applications in pharmaceutical and biotechnology sectors, including bioprocessing, cell harvesting, and clarification of pharmaceutical solutions. Their precise pore size distribution and high permeability enable efficient separation, sterilization, and purification of valuable pharmaceutical products.

Ceramic membranes are utilized in chemical and petrochemical processes for separation, purification, and recovery of valuable products. They enable precise separation of different chemical compounds, selective removal of contaminants, and concentration of desired components, contributing to process optimization and cost savings.

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Ceramic membranes are increasingly used in environmental remediation projects. They help to remove pollutants, heavy metals, and organic compounds from contaminated water and soil. They also contribute to the restoration of ecosystems and the protection of human health.

Key Takeaways from this Market:

  • The United States ceramic membrane industry is expected to reach a valuation of US$ 3.7 billion by 2033.
  • The United Kingdom ceramic membranes industry is projected to elevate at a CAGR of 8% during the forecast period.
  • China ceramic membranes industry is anticipated to cross a valuation of US$ 2.8 billion by 2033.
  • Japan ceramic membranes industry is estimated to reach a valuation of US$ 775 million by 2033.
  • The titania segment by material type is expected to dominate the ceramic membranes industry with a CAGR of 8% from 2022 to 2033.

“Ceramic membranes function better and are more economical thanks to improvements in production processes and material science. They are nowadays more efficient, less prone to fouling, and more commercially feasible thanks to advancements in membrane design, surface alterations, and module layouts. This factor is projected to open the door to new opportunities” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

The ceramic membranes market is competitive, with several global and regional players striving to gain high shares. These companies would compete on various factors, including product quality, performance, reliability, cost-effectiveness, innovation, and customer support.

Key leading companies in the global market include

  • TAMI Industries
  • Atech Innovations Gmbh
  • GEA Group Aktiengesellschaft
  • Nano stone
  • LiqTech Holding A/S
  • Qua Group LLC.
  • TORAY INDUSTRIES
  • INC., SIVA Unit.
  • METAWATER. CO., LTD.
  • KERAFOL Ceramic Films GmbH & Co. KG
  • Aquatech International LLC.
  • Paul Rauschert GmbH & Co. KG.
  • HYDRASYST
  • Membratec SA
  • Mantec Filtration

For instance,

  • TAMI Industries, based in France, is a leading manufacturer of ceramic membranes. They offer a diverse range of ceramic membrane products for applications such as water & wastewater treatment, food & beverage processing, and industrial processes. TAMI Industries’ ceramic membranes are designed to meet specific requirements. Their expertise lies in customizing membranes for different applications and processes. They provide technical support & collaborate with clients to optimize membrane performance and ensure reliable operation.
  • Nanostone Water, based in the United States, specializes in ceramic ultrafiltration membranes for water and wastewater treatment applications. Their ceramic membranes are designed to offer superior performance, high fouling resistance, and long-term reliability. Nanostone Water’s ceramic membranes is their ability to operate at high pressures, allowing for compact system designs and reducing energy consumption. These membranes also exhibit a long operational life, resulting in lower lifecycle costs and reduced maintenance requirements.
  • Metawater Co., Ltd., headquartered in Japan, is a leading manufacturer of ceramic membranes for water and wastewater treatment. They offer a range of ceramic membrane products known for their durability, high flux rates, and exceptional filtration performance. Metawater’s ceramic membranes are made from high-quality inorganic materials such as alumina or zirconia, and feature a unique porous structure. These membranes provide excellent filtration performance and durability, making them suitable for various challenging water treatment processes.

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Find More Valuable Insights into this Market Report:

The research report analyzes the global demand for ceramic membranes. The global ceramic membranes market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights (FMI), the market has been analyzed based on material (alumina, zirconium oxide, titania, silica, others), application (water & wastewater treatment, food & beverage, pharmaceuticals, biotechnology, others), technology (ultrafiltration, microfiltration, nano-filtration, others), and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.

Market Outlook by Categorization:

By Material Type:

  • Alumina
  • Zirconium Oxide
  • Titania
  • Silica
  • Others

By Application:

  • Water & Wastewater Treatment
  • Food & Beverage
  • Pharmaceuticals
  • Biotechnology
  • Others

By Technology:

  • Ultrafiltration
  • Microfiltration
  • Nano-filtration
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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  

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 Semiconductor Fabrication Materials Market Set to Skyrocket, Projected to Reach US$ 87.9 Billion by 2033

Semiconductor Fabrication Materials Market
Semiconductor Fabrication Materials Market

Future Market Insight evaluated a CAGR of 6.4% for the market between 2023 and 2033. The global semiconductor fabrication materials industry revenue is anticipated to reach US$ 87.9 billion by 2033, up from US$ 47.2 billion in 2023. Growing demand for advanced packaging materials, including interconnects and dielectric materials is also forcing the market proliferation. The demand for renewable energy sources is expected to offer opportunities for the global market. Furthermore, the increasing adoption of advanced materials for use in power electronics and electric vehicles is also driving market expansion.

The global market is driven by optoelectronic devices and wireless technologies. The demand for wireless devices is contributing to the growth of this market. Semiconductor materials are used in light-emitting diodes, lasers, and various space technologies. They are preferred in these applications given their high resistance to heat and radiation.

The high cost of raw materials and manufacturing processes significantly limit the market growth. This makes it difficult for market players to maintain profitability. The shortage of semiconductor chips has become a key restraint in the market. The COVID-19 pandemic along with supply chain disruptions has caused this shortage.

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Industries across various sectors are using semiconductors to develop high-performance components. The demand for miniaturization in electronics will likely open up market opportunities. The global expansion of the electronic industry is expected to contribute to the market expansion. The increasing digitization of economies is also expected to fuel growth.

Robust investments in cloud services and data centers are expected to surge the demand for semiconductor fabrication materials. The deployment of 5G technologies is also expected to emerge as a growth driver for the semiconductor materials market. The automotive industry is another key factor behind the market growth. The increasing application of advanced driver assistance systems and electric vehicles necessitates the deployment of advanced semiconductor materials.

Key Takeaways from the Semiconductor Fabrication Materials Market:

  • The semiconductor fabrication materials industry in the United States is predicted to reach US$ 18.4 billion by 2033.
  • The semiconductor fabrication materials industry in the United Kingdom is estimated to expand at a CAGR of 6.0% by 2033.
  • During the forecast period, the semiconductor fabrication materials industry in China is expected to reach a market share of US$ 21.5 billion,
  • The semiconductor fabrication materials industry in Japan is predicted to boom at a 6.4% CAGR.
  • South Korea’s semiconductor fabrication materials industry is predicted to achieve a market share of US$ 4.7 billion.
  • With a CAGR of 6.2% from 2022 to 2033, the photoresist material segment is expected to dominate the semiconductor fabrication materials industry.
  • With a CAGR of 6.1% from 2022 to 2033, the memory application segment is expected to dominate the semiconductor fabrication materials industry.

Competitive Landscape in Semiconductor Fabrication Materials Market

In the semiconductor fabrication materials market, manufacturers are consistently investing in research and development. Their goal is to introduce advanced materials that can improve the efficiency and performance of semiconductor devices. Specifically, they are concentrating on creating materials that can endure high temperatures and decrease energy consumption. These manufacturers are also partnering with other market players to design customized materials to meet specific requirements. Manufacturers are also expanding their production capacities to cater to the growing demand for semiconductor materials.

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Recent Developments

  • DuPont Semiconductor Technologies is a leading producer of specialty materials used in semiconductor production. In October 2022, the company announced an investment of US$ 50 million. The investment is for an expansion project in Glasgow, Delaware. The expansion is aimed at catering to the growing demand in the semiconductor industry.
  • In April 2023, AGC Inc. announced its plans to increase the output of EUV lithography photomask blanks. This is going to be done at its 100% subsidiary, AGC Electronics Co., Ltd. The AGC Group aims to increase its capacity to produce EUVL mask blanks by 30% of the present capacity by 2025.

Semiconductor Fabrication Materials Market Segmentation

By Materials:

  • Chemicals
  • Gases
  • Metals
  • Photoresists

By Fabrication Process:

  • Wafer Fabrication
  • Assembly
  • Packaging
  • Testing

By Technology Node:

  • Nanometers (nm)
  • Micrometers (µm)

By Application:

  • Memory
  • Logic
  • Optoelectronics
  • Sensors
  • Power Electronics

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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 Coagulation Analyzer Industry Predicts a Robust 6.6% CAGR, Envisaging a US$9.2 Billion Market Value by 2034 | FMI

The Global Coagulation Analyzer Industry is gearing up for substantial growth, poised to reach an estimated market value of US$ 9.2 billion by 2034, according to the latest insights from FMI Insights. The sector, currently valued at US$ 4.8 billion in 2024, is projected to experience a noteworthy 6.6% Compound Annual Growth Rate (CAGR) over the next decade.

In recent years, there has been a marked increase in the prevalence of blood-related problems and heart ailments, creating a significant demand for coagulation analyzers. These sophisticated diagnostic tools have become indispensable in modern healthcare, providing continuous surveillance and critical diagnostic procedures for individuals dealing with such health conditions.

The shifting demographic landscape, characterized by a rising elderly population globally, has become a pivotal driver for the surge in demand for advanced healthcare tools. Coagulation analyzers, in particular, are in high demand as the elderly are more susceptible to heart conditions. FMI Insights identifies this demographic trend as a key accelerator for the robust growth trajectory anticipated in the coagulation analyzer market.

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Infrastructure development in the healthcare industry is taking place at a rapid pace. Innovations in laboratories, diagnostic centers, and medical facilities are all part of this progression. The incorporation of contemporary healthcare technology into these renovated infrastructures drives the market expansion as a whole, as the coagulation analyzer is an important medical tool. Therefore, the Global Coagulation Analyzer Industry expansion is primarily reliant on the growth of healthcare facilities and technology advancement working together.

“Given ongoing technological advancements, the coagulation analyzer industry is set to display promising future opportunities. Fully automated systems, seamless integration with pre- and post-analytical platforms, and full compatibility with Laboratory Information Systems (LIS) are driving user demand. The expansion of interference detecting systems and ready-to-use stability reagents further enhance its promising outlook.” according to the Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Global Coagulation Analyzer Industry

  • Between 2019 and 2023, the coagulation analyzer industry recorded a CAGR of 9.8%.
  • The coagulation analyzer industry in the United States is estimated to witness moderate growth with a projected 6.7% CAGR from 2024 to 2034, driven by an increasing awareness of the importance of early detection and monitoring of coagulation disorders.
  • China’s coagulation analyzer industry is projected to follow closely with an estimated 6.9% CAGR through 2034, attributed to the country’s increasing focus on elevating its healthcare infrastructure.
  • The coagulation analyzer market in the United Kingdom is likely to show a 7.7% CAGR between 2024 and 2034, influenced by the growing awareness and emphasis on preventive healthcare measures.
  • Japan’s coagulation analyzer industry is projected to develop at 7.8% CAGR through 2034, propelled by the country’s unwavering dedication to technological innovation in the healthcare sector.
  • The South Korean coagulation analyzer industry is likely to exhibit an 8.8% CAGR from 2024 to 2034, impacted by the rising burden of chronic diseases and a steadily aging population.

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Key Players and Strategies for Success in the Global Coagulation Analyzer Industry

Here are some key strategies that players in the coagulation analyzer industry employ for success:

  • Focus on developing cutting-edge technologies to stay ahead
  • Build strong collaborations with healthcare institutions to enhance product development
  • Adhere to strict regulatory standards to ensure product quality and market acceptance
  • Implement robust quality control measures to guarantee the accuracy and reliability
  • Embrace eco-friendly practices in manufacturing and packaging to match sustainability goals

Recent Developments in the Global Coagulation Analyzer Industry

Sysmex Corporation confirmed the release of several fresh hemostasis products in July 2020, including the Automated Blood Coagulation Analyzers CN-6500/CN-3500. One of the measurement units included with the latest Sysmex products uses the chemiluminescence enzyme immunoassay approach (CLEIA).

Two modern automated blood coagulation analyzers, the CN-3500 and CN-6500, were introduced by Sysmex Europe in July 2021 in a few EMEA nations. Large and medium-sized hospitals, commercial labs, and other establishments are among the targets.

Top 5 Key Market Players Offering Global Coagulation Analyzer Industry

  1. Abbott Laboratories
  2. Danaher Corp.
  3. Siemens Healthcare GmbH
  4. Thermo Fisher Scientific Inc.
  5. Sysmex Corporation

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Key Segments in the Global Coagulation Analyzer Industry Report

PRODUCT TYPE:
  • Semi-automated
  • Automated
  • Manual
  • Others
TEST TYPE:
  • Prothrombin Time Testing
  • Fibrinogen Testing
  • Activated Partial Thromboplastin Time Testing
  • D-dimer Testing
  • Platelet Function Testing
  • Anti-factor Xa Testing
  • Others
TECHNOLOGY:
  • Optical Technology
  • Mechanical Technology
  • Electrochemical Technology
  • Others
END USER:
  • Hospitals and Clinics
  • Diagnostic Centers
  • Others
REGION:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

Have a Look at the Related Report from the Global Coagulation Analyzer Industry:

Coagulation Disorders Market is a condition that affects the way blood normally clots. This clotting process is generally known as coagulation. For the blood to clot, the body requires certain proteins called clotting factors and blood cells called platelets.

Blood Coagulation Analyzers Market size is likely to be valued at US$ 3,038.9 million by 2023 and is expected to reach US$ 5,680.7 million by 2033.

Coagulation Markers Market size is projected to be worth US$ 1.21 billion in 2023. The market is likely to surpass US$ 2.22 billion by 2033 at a CAGR of 6.3% during the forecast period.

Special Coagulation Tests Market are performed to measure the blood’s ability to clot and the time taken in it. The special coagulation tests are prescribed by the doctor in case of clotting disorders.

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 5,000 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 Breast Pump Industry to Experience a Surge, Projected to Hit US$ 2,672.30 Million by 2033 at a Consistent CAGR of 3.90% | FMI Report

In a groundbreaking revelation, the Global Breast Pump Industry is on the brink of a significant transformation, poised to reach a staggering valuation of US$ 2,672.30 million by 2033. According to estimates, the market is expected to witness substantial growth, showcasing an impressive Compound Annual Growth Rate (CAGR) of 3.90%.

The forecasted surge, from the current valuation of US$ 1,827.00 million in 2023 to the projected figure in 2033, underscores a compelling narrative of evolution within the industry. This remarkable growth is attributed to a confluence of factors driving the sector forward.

Technological advancements play a pivotal role in propelling the Global Breast Pump Industry into a new era. Innovations in breast pump technologies are creating avenues for enhanced efficiency, user-friendliness, and overall effectiveness, contributing significantly to the industry’s projected expansion.

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Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyles, which is fuelling the demand for breast pumps among urban women. According to WHO, global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. A rise in healthcare expenditure is expected to boost the overall adoption of breast pumps among women, especially in the Asia Pacific.

Breast pump adoption is as high as 85% among breastfeeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete packages of breast pumps, which is more profitable than isolated sales. Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel Global Breast Pump Industry revenues in the global electric breast pump market during the forecast period.

Global Breast Pump Industry Key Players:

  • Koninklijke Philips N.V.,
  • Pigeon Corporation,
  • Newell Brands,
  • Medela Inc.,
  • Ameda Inc.,
  • Hygeia II Medical Group Inc.,
  • Bailey Medical,
  • Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

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The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in the Global Breast Pump Industry are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using the latest technologies.

The availability of BPA-free breast pump products is fuelling breast pump adoption in developed as well as more affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk containers or feeding bottles rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA-free breast pump products are the Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

The rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the Global Breast Pump Industry. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding-related products to various neonatal intensive care units across the U.S.

Some of the leading breast pump manufacturing companies analyzed in the report include Koninklijke Philips N.V., Pigeon Corporation, Newell Brands, Medela Inc., Ameda Inc., Hygeia II Medical Group Inc., Bailey Medical, Mayborn Group Ltd. and   Linco Baby Merchandise Works Co., Ltd.

Additional Questions Answered

Readers can find detailed information about the important positive and negative factors likely to affect the Breast Pump market during the forecast period. Additionally, this Global Breast Pump Industry report also contains valuable information that can provide Breast Pump manufacturers with answers to critical questions, such as

Which types of products account for the maximum demand in the Global Breast Pump Industry and why?
Why is the sales of Breast Pump services and products highest in North America?
Which regulations in various regional segments are influencing the strategies of players in the Breast Pump market?
Why is APEJ currently attracting traction in the Global Breast Pump Industry?
What are some of the current technology types and trends adopted by various Breast Pump companies?
What are the promotional strategies being applied by breast pump manufacturers to sustain themselves in the competitive Breast Pump market?

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Global Breast Pump Industry Key Segments Covered

by Product Type

  • Open System Breast Pumps
  • Closed System Breast Pumps

by Technology Type

  • electric
  • manual breast pumps

by End User

  • homecare settings
  • healthcare facilities

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 5,000 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 Swine Respiratory Diseases Treatment Industry Hits Record-breaking US$3.6 Billion Valuation with a Consistent 6.3% CAGR by 2032 | FMI Report Confirms

The Global Swine Respiratory Diseases Treatment Industry is on a remarkable trajectory, poised to achieve a staggering valuation of US$2.0 billion by the end of 2022. According to the latest report by Future Market Insights (FMI), the industry is projected to maintain an impressive Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2032, reaching an estimated valuation of US$3.6 billion by the conclusion of the decade.

In a groundbreaking development, Mycoplasma has emerged as the market leader in the causative agent segment, claiming a substantial 35.2% share of the Swine Respiratory Diseases Treatment industry in 2021. This significant market dominance positions Mycoplasma as a key player in shaping the industry landscape.

Swine respiratory infections are classified into two distinct categories based on the scale and duration of observed conditions. The first category encompasses infections that affect a substantial number of pigs, posing a potential threat but exhibiting a brief duration. Meanwhile, the second category comprises diseases that impact a large swine population over an extended period, presenting unique challenges for the industry.

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PRRS (porcine reproductive and respiratory syndrome), the most common respiratory disease in pigs, is treated with drugs and immunizations that aid in the treatment or prevention of swine respiratory infections. Medication is used to treat swine respiratory disorders in a variety of ways, including injections and in-feed inclusions. Vaccination is a biological tool used to boost disease immunity. Live, attenuated vaccines and dead, inactivated vaccines are the two major types of immunizations used to prevent swine respiratory diseases.

Global Swine Respiratory Diseases Treatment Industry: Segmental Highlights

The market is segmented based on the causative agent, treatment type, route of administration, distribution channel, and region.

  • The United States dominates the North American swine respiratory disease treatment market, with a total share of around 52.9% in 2021. It is predicted to continue growing at the same rate during the projection period.
  • In 2021, Canada owned around 47.1% of the North American Swine Respiratory Diseases Treatment industry, and it is predicted to develop at a profitable CAGR of 6.7% during the forecast period.
  • During the projected period, Germany is expected to demonstrate a CAGR of roughly 5.8% in the European swine Respiratory Diseases Treatment market.
  • Causative agents based on Mycoplasma are predicted to expand rapidly, with a CAGR of 6.1% by the end of the projection period.
  • By the end of the projection period, the pharmaceuticals segment is predicted to rise rapidly at a CAGR of 6.1%.
  • By the end of the forecast period, the oral route of administration is predicted to rise at a CAGR of 6.3%.

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Global Swine Respiratory Diseases Treatment Industry: Dynamics

The market forecast for various segments is based on the factors that are impacting the global market. According to Future Market Insights analysis, the market is driven by an increase in the rate of diseases such as PRRS (Porcine reproductive and respiratory syndrome), the high demand of pork, and increase in the use of vaccines that are given to pigs to produce disease free pork.

However, there are a few factors prevailing in the market that may hurt the market such as stringent regulation by FDA to limit the use of antibiotics for farm animals and also lack of awareness in many countries where the pig farm owners are unaware of the diseases and treatment processes.

Global Swine Respiratory Diseases Treatment Industry: Competitive Analysis

This comprehensive research report includes brief profiles of various major companies operating in the global market such as Zoetis, Bayer AG, Boehringer Ingelheim GmbH, Elanco Animal Health (Sub. Eli Lilly), Virbac, Norbrook, Ceva Santé Animale, Intervet Inc., (Sub. Merck & Co. Inc.), Vetoquin.

Segmentation of the Global Swine Respiratory Diseases Treatment Industry

The segmentation of the global Swine Respiratory Diseases Treatment industry helps readers simplify the market study and understanding, by dividing the market into different segments based on various parameters. The report provides an individual analysis of each and every segment, thus covering every part of the market.

By Causative Agent

  • Virus
  • Mycoplasma
  • Bacteria
  • Others

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By Treatment Type

  • Drugs
    • Antibiotic
    • Others
  • Vaccines

By Route of Administration

  • Oral
  • Parenteral

By Distribution Channel

  • Veterinary Hospitals
  • Veterinary Clinics
  • Pharmacies
  • 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 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 5,000 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 Outpatient Clinics Industry Poised for Steady Growth at 4.2% CAGR, Eyes Ambitious Target of US$ 61,372.4 Million by 2033

The Global Outpatient Clinics Industry is standing at the cusp of a transformative era, with projections soaring towards an unprecedented value of US$ 61,372.4 million by the year 2033, as per the latest findings from renowned industry analyst Future Insights Market Intelligence (FMI).

As of 2023, the industry is already showcasing robust momentum, with a forecasted value of US$ 40,761.7 million and an impressive growth rate of 4.2% anticipated to persist throughout the forecast period. This remarkable trajectory is driven by the escalating demand for outpatient clinics, underpinned by the global inclination towards accessible and cost-effective healthcare services.

Outpatient clinics, also recognized as ambulatory care centers, have emerged as pivotal players in providing a diverse array of medical services, diagnostic tests, and treatments without the need for overnight hospitalization. This paradigm shift in healthcare delivery aligns seamlessly with the escalating global demand for convenient and efficient healthcare solutions.

Growing advancements in medical technology have led to the development of treatment techniques and medications that do not require patients to stay for long hours at clinics or hospitals.

However, the imposition of strict regulations will continue to hinder the global market growth of outpatient disorders over the forecast period.

Future Market Insights states that the global market of outpatient clinics is projected to reflect a CAGR of 4.3%, representing more than US$ 39,000 Mn by 2022-end.

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Factors Fuelling Global Outpatient Clinics Industry Growth

  • Growth of the Global Outpatient Clinics Industry is mainly bound to various macro-economic and micro-economic factors.
  • The prevalence of chronic diseases such as asthma, diabetes, depression, and congestive heart failure leads to complex and severe health problems.
  • With the escalating cost of the treatment process in various healthcare organizations, patients prefer visiting outpatient clinics to access treatment.
  • Growing concerns regarding the increasing prevalence of cardiovascular diseases such as elevated blood pressure levels, hypertension, coronary heart diseases, and cerebrovascular diseases have further led to a surge in demand for outpatient clinics globally.
  • Demand for quick and effective treatment of cardiovascular diseases will continue to contribute towards the global market growth of outpatient disorders.
  • According to a recently published report by the CDC, nearly 610,000 people die of heart attack in the U.S. each year, which is 1 in every 4 deaths.
  • As cardiovascular diseases continue to remain a leading cause of mortality globally, demand for effective and quick treatment processes will continue to remain high.
  • These factors are projected to impact the global market growth of outpatient clinics throughout the forecast period.
  • Collaborations among private insurance companies and outpatient clinics will continue to remain a major trend in the global market.
  • Through collaborations, private insurance companies offer payment and services in outpatient clinics.
  • Imposition of regulations such as the Health Care and Educational Reconciliation Act and Patient Care Affordable Act provides U.S. citizens with public health insurance coverage and offers access to private health insurance services.
  • Moreover, increasing employee benefits such as Employees’ health insurance by employers is projected to contribute towards the global market growth of outpatient clinics over the forecast period.

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However, the Global Outpatient Clinics Industry of outpatient clinics will continue to witness inhibiting growth attributed to various factors.

The imposition of strict regulations and a limited number of doctors for the treatment of various diseases will remain a key factor inhibiting demand for services offered by outpatient clinics.

As the patients are not monitored for a long period, the risk of addiction to alcohol and drugs is projected to remain high.

Moreover, the lack of access to counselors in comparison to the residential and inpatient facilities is further projected to impede the global market growth of outpatient clinics.

Sales to Remain High Through Cardiology Specialty Areas

The prevalence of chronic and cardiovascular disorders is projected to fuel demand for multi-specialty centers globally.

In terms of revenue, the multi-specialty center type segment is projected to witness significant growth, representing more than US$ 8,400 Mn by 2022-end.

Moreover, the multi-specialty center type segment is projected to reflect the fastest growth in the global market of outpatient clinics throughout the forecast period.

Based on specialty type, the dermatology segment is projected to reflect a significant CAGR through 2022.

However, the cardiology specialty areas segment is projected to represent a robust revenue growth, recording more than US$ 3,000 Mn over the forecast period.

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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 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 5,000 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 Dermal Filler Industry to Expand at 3.2% CAGR, Reaching US$ 8,764.6 Million by 2034 | FMI Study

The Global Dermal Filler Industry is anticipated to reach a valuation of US$ 6,411.8 million in 2024, driven by online retail channels. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.2% between 2024 and 2034, and reaching a total valuation of approximately US$ 8,764.6 million by 2034. A major factor contributing to the growth of the market is the ongoing research and development efforts, which are leading to technological innovations, such as the introduction of longer-lasting formulations and biodegradable fillers.

Growing emphasis on the safety and biocompatibility of dermal fillers, with manufacturers investing in research to develop products with minimal side effects and allergic reactions. The untapped potential of the aesthetics market of men represents an opportunity for the dermal filler industry to develop targeted products and marketing strategies catering to the specific needs and preferences of male consumers.

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Collaborations between cosmetic clinics, dermatologists, and manufacturers can create synergies in promoting dermal fillers, enhancing product visibility, and fostering trust among consumers. Ongoing innovations in injection techniques and application methods contribute to the growth by providing practitioners with enhanced precision and patients with more comfortable and efficient procedures.

Varied cultural perceptions of beauty and aesthetics influence the demand for dermal fillers, with market preferences shaped by cultural norms, leading to diverse product offerings and marketing strategies. Stringent regulations and approvals from health authorities contribute to market growth by instilling confidence in the safety and efficacy of dermal filler products, ensuring compliance with quality standards.

Integration of AI technologies in aesthetic procedures, assisting practitioners in treatment planning and predicting outcomes, represents a trend that enhances precision and individualized patient experiences. The trend towards bio integrated fillers, designed to seamlessly integrate with the tissues of the body, contributes to natural-looking results and minimizes the risk of adverse reactions, fostering increased patient satisfaction.

Key Takeaways from the Market Study

  • From 2019 to 2023, the market demand expanded at a CAGR of 2.5%.
  • The market in Italy is expected to expand at a CAGR of 1.7% through 2034.
  • By ingredient, the hyaluronic acid segment to account for a market share of 58.8% in 2024.
  • From 2024 to 2034, dermal filler market is expected to flourish at a CAGR of 3.2%.
  • By 2034, the market value of dermal filler is expected to reach US$ 8,764.6 million.

“Opportunities lie in the development of advanced training programs for healthcare practitioners, ensuring proficiency in the latest techniques and technologies, and addressing the growing demand for skilled professionals in the field,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the dermal filler market are Top of Form Galderma Pharma S.A, Sinclair Pharma plc, Zimmer Biomet Holdings, Allergan Plc., Anika Therapeutics Inc., Merz Pharma GmbH & Co. KGaA, Suneva Medical Inc., Teoxane Laboratories Inc., Prollenium Medical Technologies Inc., Laboratoires Vivacy SAS, and Fidia Pharma USA Inc., among others.

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Recent Development

In 2022, Galderma introduced Radiesse (+) Lidocaine injectable implants designed for deep injection, such as subdermal and/or supraperiosteal, to enhance soft tissue volume. The innovation is aimed at addressing moderate to severe loss of jawline contour in adults aged 21 and above.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global dermal filler market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the dermal filler market, the market is segmented on the basis of ingredient (hyaluronic acid, poly-l-lactic acid, calcium hydroxylapatite, polymethyl methacrylate, collagen), gender (male, female, transgender), application (wrinkle reduction, skin folds/ nasolabial folds, augmentation of lips, cheek &chin, scar treatment, hand rejuvenation, jawline and chin lines countering, eyebrows treatment, hollowness under eyes, nose jobs, volume restoration, restoring damaged tissues, restoration of facial fat loss, dentistry), and distribution channel (cosmetic and aesthetics clinics, hospitals, online sales, plastic surgery centers, medical spa), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Companies Profiled       

  • Galderma Pharma S.A
  • Sinclair Pharma plc
  • Zimmer Biomet Holdings
  • Allergan plc.
  • Anika Therapeutics Inc.
  • Merz Pharma GmbH & Co. KGaA
  • Suneva Medical Inc.
  • Teoxane Laboratories Inc.
  • Prollenium Medical Technologies Inc.
  • Laboratoires Vivacy SAS
  • Fidia Pharma USA Inc.

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Key Segments in the Dermal Filler Market Report

Ingredient:

  • Hyaluronic Acid
  • Poly-L-Lactic Acid
  • Calcium Hydroxylapatite
  • Polymethyl methacrylate
  • Collagen

Gender:

  • Male
  • Female
  • Transgender

Application:

  • Wrinkle Reduction
  • Skin Folds/Nasolabial Folds
  • Augmentation of Lips, Cheek &Chin
  • Scar Treatment
  • Hand Rejuvenation
  • Jawline and Chin Lines Countering
  • Eyebrows Treatment
  • Hollowness Under Eyes
  • Nose Jobs
  • Volume Restoration
  • Restoring Damaged Tissues
  • Restoration of Facial Fat Loss
  • Dentistry

Distribution Channel:

  • Cosmetic and Aesthetics Clinics
  • Hospitals
  • Online Sales
  • Plastic Surgery Centers
  • Medical Spa

Region:

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

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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 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 5,000 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 Blood Warmer Devices Industry Poised to Reach US$ 937.5 Million by 2032, Riding on a Substantial 7.6% CAGR | as Predicted by FMI

The Global Blood Warmer Devices Industry is set for significant expansion, riding on a projected Compound Annual Growth Rate (CAGR) of 7.6% from 2022 to 2032. In 2022, the market is expected to achieve a noteworthy valuation of US$ 451.2 million, with a forecasted surge to an impressive US$ 937.5 million by the end of 2032, as per the latest study conducted by Future Market Insights (FMI).

Among the key findings, intravenous warming systems have emerged as the market leader, claiming a substantial market share of 47.1% in 2021. FMI’s comprehensive report provides a detailed trajectory analysis of the industry, offering invaluable insights into crucial market drivers, trends, and challenges.

According to the FMI study, the Global Blood Warmer Devices Industry is on track for consistent growth, projecting a 5.0% CAGR from 2017 to 2026. By the conclusion of 2026, the market is estimated to generate an impressive US$ 223.5 million in revenue. The escalating prevalence of trauma incidents, bypass surgeries, thyroid and orthopedic surgeries, coupled with the rising cases of diabetes, is propelling the adoption of blood-warming devices. These devices play a pivotal role in the treatment and prevention of complications such as hemorrhage and hypothermia.

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Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during the blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood-warming devices. Manufacturers are also working on new business strategies to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in some complications.

Key Market Players Competing to Sustain in the Market

The report offers a detailed profile of some of the key market players in the Global Blood Warmer Devices Industry such as 3M Company, Smiths Medical, The 37 Company, GE Healthcare, Emit Corporation, Stryker Corporation, Geratherm Medical, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Biegler GmbH, Belmont Instrument, Keewell Medical Technology Co. Ltd., and Baxter International Inc. (Gambro). These key players are continuously working on new business strategies to offer better product and compete in the global market.

Forecast Highlights on the Global Blood Warmer Devices Industry

The Global Blood Warmer Devices Industry is segmented based on end user, product type, application, and region. Based on the product type, the segment includes intravenous warming system, surface warming system and blood warming accessories. Among these, surface warming system is expected to be the widely accepted product in the global blood-warmer devices market. By the end of 2026, surface warming system is estimated to surpass US$ 100 million revenue.

Based on end user, the segmentation consists of hospitals, blood banks, home care settings and others. Hospitals are expected to be the largest users of the blood warmer devices. By the end of 2017, hospitals are estimated to account for nearly two-third of the revenue share.

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Based on the application, the market is segmented into home care, preoperative care, acute care, newborn care, and other applications. Blood warming devices are expected to find the largest application in preoperative care. By the end of 2026, the preoperative care segment is estimated to reach nearly US$ 100 million in revenue.

Geographically, the market is segmented into Europe, North America, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and Latin America. Among these, North America is expected to dominate the Global Blood Warmer Devices Industry during the forecast period 2017-2026. The increasing occurrence of hypothermia among aging population and infants in the U.S. is one of the factors driving the growth in North America. Growth in trauma cases and surgeries is also contributing to the growth of the market in the region.

Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Intravenous Warming System
  • Surface Warming System
  • Blood Warming Accessories

End User

  • Hospitals
  • Blood Banks
  • Home Care Settings
  • Other End Users

Application

  • Preoperative Care
  • Home Care
  • Acute Care
  • New Born Care
  • Other Applications

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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 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 5,000 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 Breathing Circuits Industry Eyes Striking US$ 1,758.18 Million Growth by 2032 with Consistent 4.2% CAGR | FMI

The Global Breathing Circuits Industry is charting an impressive trajectory of growth, according to the latest report from Future Market Insights (FMI), a renowned market research firm. FMI’s findings project a substantial market valuation of approximately US$ 1,163.32 million by the end of 2022, with a steady Compound Annual Growth Rate (CAGR) of 4.2% expected from 2022 to 2032.

By the close of 2032, the industry is forecasted to reach a remarkable valuation of around US$ 1,758.18 million, showcasing a robust upward trend. The report underscores the dominant role of open-breathing circuits in 2021, capturing an impressive market share of about 43.6%, signaling a promising trajectory for the industry.

The surge in global demand for breathing circuits is attributed to the escalating prevalence of chronic inflammation, primarily fueled by factors such as smoking. Additionally, the rising incidence of chronic conditions like coughing, bronchial cancer, and asthma is expected to drive the demand for advanced breathing circuit solutions.

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Factors Fuelling Growth of the Global Breathing Circuits Industry

Growth of the Global Breathing Circuits Industry is mainly bound to various macro-economic and micro-economic factors. The increasing prevalence of bronchial cancer, chronic coughing, and asthma has led to a surge in demand in the healthcare industry. Increasing preference of smoking is further expected to impact the growth of the global market. Smoking leads to chronic inflammation and further increases the asthmatic effect in the patients. These factors lead to the increasing adoption of breathing circuits in hospitals, clinics, and ambulatory surgical centers.

In its recent report, the CDC revealed that 18.4 million in the age bracket of 18 years and over, which represents 7.6% of adults have asthma. The increasing prevalence of various diseases such as asthma and bronchial cancer has revved up demand for devices that facilitate deep breathing in the healthcare industry. Attributed to such factors, breathing circuits in the healthcare industry will continue to witness increasing adoption.

Breathing circuits are equipped with features such as innovative face masks, tubes, and heat, which provide ideal care and comfort to the patients. Healthcare professionals are also witnessed to be using breathing circuits for drug delivery to patients. Increasing demand for delivering medications to children, old age patients, and infants during emergencies will continue to contribute towards the global market growth of breathing circuits.

On the other hand, several factors are likely to impact the global market growth of breathing circuits negatively. Breathing circuits used in ambulatory surgical centers, hospitals, and clinics are equipped with unidirectional valves and increasingly absorb CO2. Due to these factors, the patients resist breathing through breathing circuits. Further, increasing complexities while operating breathing circuits can be fatal during emergency cases. In addition, the preference for practicing yoga to enhance health conditions is further expected to impact the growth of the global market negatively. Attributed to such factors, sales of breathing circuit devices will continue to drop in the global market over the forecast period.

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Hospitals to Represent a Major End User

The increasing prevalence of breathing problems such as asthma has revved up adoption of the open breathing circuits in the healthcare industry. Based on the product type, the open breathing circuits segment is projected to generate significant revenues, recording more than US$ 2,000 Mn by 2022-end. On the other hand, the semi-open breathing circuits segment is projected to reflect a robust CAGR throughout the forecast period. In terms of revenue, the hospital’s end users segment is projected to represent the fastest growth, accounting for more than US$ 2,000 Mn by 2017-end.

The anesthesia application segment is projected to represent robust revenue growth, recording more than US$ 2,000 Mn by 2022-end. In contrary to this, the respiratory dysfunction application segment is projected to reflect the highest CARG through 2022.

Global Breathing Circuits Industry Players

Major players operating in the global market of breathing circuits are C. R. Bard Inc., Ambu A/S, Armstrong Medical Industries, Inc., Altera Corp., Beijing Aeonmed Co., Ltd., Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Bio-Med Devices, Flexicare Medical Ltd., Dragerwerk AG & Co. KGaA, Teleflex Incorporated, General Electric Company and Smiths Group plc.

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Key Segments Covered in the Global Breathing Circuits Industry

By Product:

  • Open Breathing Circuits
  • Semi Open Breathing Circuits
  • Closed Breathing Circuits

By Application:

  • Anesthesia
  • Respiratory Dysfunction
  • Other Applications

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Home Care Settings

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 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 5,000 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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