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Power MOSFET Market Projections Signal Growth to US$ 60,100 Million by 2033, Propelled by 9.3% CAGR

The global power MOSFET market is on the brink of a substantial valuation, projected to reach US$ 24,700 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the power MOSFET market. The trend is expected to open doors to new opportunities within the market, with a projected CAGR of 9.3% from 2023 to 2033. By 2033, the market is poised to soar to an estimated total valuation of around US$ 60,100 Million.

Power MOSFET stands as a formidable force, a versatile electrical component that wields the power to command loads at will. Beyond its inherent capabilities, this semiconductor superhero emerges as a cost-effective alternative to its predecessor, the bipolar junction transistor (BJT).

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The power MOSFET market is on the verge of experiencing substantial growth during the forecast period, driven by several pivotal factors. A primary driver stems from favorable government initiatives linked to environmental regulations. The initiatives are strategically crafted to incentivize the adoption of energy-efficient devices, aligning with the overarching objective of curbing harmful compound emissions and fostering a sustainable environment.

The escalating demand for energy-efficient devices in compliance with stringent environmental safety regulations emerges as a noteworthy growth catalyst for the power MOSFET market. The imperative of reducing environmental footprints has triggered a surge in the embrace of power-efficient components, including power MOSFETs, across diverse industry domains.

The market’s expansion is propelled by the pervasive trend of miniaturization in electronic devices. Power MOSFETs are indispensable components in compact electronic devices where spatial efficiency is paramount.

The relentless pursuit of small form factors without compromising performance has naturally engendered a heightened reliance on power MOSFETs. This pervasive trend is poised to furnish the market with substantial growth avenues, particularly as industries continue to innovate, forging space-efficient product offerings.

Investments directed toward research and development initiatives will be an additional catalyst for market growth. Market participants are ardently committed to augmenting the capabilities of power MOSFETs through persistent innovation, culminating in heightened efficiency and performance. The strategic allocation of resources to research and development endeavors stands as a linchpin in shaping the future trajectory of the power MOSFET market.

Key Takeaways from the Power MOSFET Market Report:

The market valuation in 2022 was US$ 23,400 million.
Based on power rate, low power types are expected to dominate at a market share of 63.4% by 2033.
Based on application type, automotive will likely register a market share of 77.9% by 2033.
Based on type, enhancement mode estimates a market share of 33.5% by 2033.
The power MOSFET market size expanded at 3.45% CAGR between 2018 and 2022.
Asia Pacific is estimated to reach a market share of 28.3% in 2023.
North America registered a value share of 18.3% in 2023.

Competitive Landscape:
The power MOSFET industry boasts leading market participants. Research and development play a pivotal role among these players, primarily focusing on the introduction of eco-friendly product lines as a core aspect of their manufacturing endeavors. Furthermore, they employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence. Some of the latest developments in the market are discussed below.

In September 2023, NXP Semiconductors N.V. announced that it is strengthening its European research and development through grants. It is provided via the 2nd Important Project of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT), with the final investment decision pending confirmation of the level of public funding.
In September 2023, NXP Semiconductors NV secured approval for a US$ 1 million incentives package from the city of Austin, opening the door for potentially more federal support as the chipmaker looks to update equipment in Austin.

Leading Key Players:

Renesas Electronics Corporation
NXP Semiconductors
Texas Instruments
Fairchild Semiconductors
Microchip Technology Inc.
Infineon Technologies AG
Toshiba Corp.
STMicroelectronics
Vishay Siliconix
Power Integration Inc.
Digi-key Electronics
Mitsubishi Electric Corp.
IXYS Corporation

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More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global power MOSFET market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities, the power MOSFET market is segmented based on major By Type: (Depletion Mode, Enhancement Mode) Power Rate: (High Power, Medium Power, Low Power), By Application: (Energy and Power, Automotive, Consumer Electronics, Power Electronics, Others), and by region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)

Power MOSFET Market Segmentation:

By Type:

Depletion Mode
Enhancement Mode

By Power Rate:

High Power
Medium Power
Low Power

By Application:

Energy and Power
Automotive
Consumer Electronics
Power Electronics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
The Middle East and Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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Flower Extract Market Primed for US$ 5.0 Billion Surge by 2032

The global passion flower extract market is anticipated to create a healthy CAGR of around 3.6% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 3.5 Billion in 2022 to reach a projection of US$ 5.0 Billion by the year 2032. The growth of the market is attributed to the surging increase in the demand for organic-based products throughout the assessment period.

Increasing consumer awareness of the dangers connected with chemical compounds in pharmaceuticals, nutraceutical items, food, and drinks is expected to boost market growth. According to the National Centre for Complementary and Integrative Health (NCCIH) in the United States, passion flower extract is safe to use as an ingredient in sleeping tablets.

The Passion Flower Extract Market is experiencing remarkable growth as consumers seek natural remedies to combat stress and anxiety. With its well-known calming properties, passion flower extract has gained popularity in the wellness industry. Rising interest in herbal supplements and alternative therapies is propelling the market’s expansion, with promising growth prospects ahead.

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Passion fruit is also known as Passiflora Incarnata which is a herbal supplement utilized in treating anxiety, insomnia, seizures, and hysteria. A perennial climbing vine native to South-Eastern North America, the passion flower is now grown throughout Europe. Furthermore, this herbal supplement is composed of the flowers, leaves, and stems of the passion plant. When it is utilized in complementary medicine, passion flower is available as infusions, teas, liquid extracts, and tinctures. Yet another prominent factor responsible for the surging demand for passion flower extract market is its high prevalence of the disorder combined with rising demand for products with natural anti-anxiety agents are expected to augment the market growth shortly.

Key Takeaways

The passion flower extract market is predicted to gain immense traction over the forecast period, as it is known as a good source of an antioxidant compound including vitexin, Isovitexin, Kaempferol, Quercetin, Rutin, Apigenin, and Luteolin Glycosides.
The quercetin present in the product consists of several bioactive effects on the nervous system that assists with overall relaxation. These aforementioned properties of the passion flower extract are expected to accelerate market growth during the forecast period.
The passion flower extract is utilized as a functional ingredient, highly utilized for manufacturing various products within various sectors such as food & beverage, personal care, and pharmaceuticals among others.
Propelling consumer awareness is attributed to the increasing hazardous effects associated with chemical compounds in medicines, nutraceutical products, food, and beverages is anticipated to augment the growth of the passion flower extract market over the analysis period.
Some of the primary factors expected to bolster the growth of the global passion flower extract market are the massive adoption of plant-based extracts for numerous therapeutic applications.
The growing number of in vivo studies on utilizing the anxiogenic and anticonvulsant effects is expanding the arena for personal care, functional food, and nutraceutical businesses, which in turn boosts the market growth.

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Competitive Landscape

Some of the major players within the global passion flower extract market are focusing on research and development activities to identify more benefits of the passion flower extract. Owing to the presence of such a high number of participants, the market is highly competitive and fragmented. Considerable market size is accounted for by top players in the market. Furthermore, several regional players are also operating across key growth regions, particularly in Europe.

Some of the key participants present in the global Passion Flower Extract market include Naturalin Bio-Resources Co. Ltd., Alchem International Pvt. Ltd., Herb Pharm, Indena S.p.A., Avena Botanicals, Martin Bauer Holding GmbH & Co. KG, Givaudan, and Diana Food, among others.

More Insights into the Passion Flower Extract Market

The European market is expected to dominate the global passion flower extract market over the assessment period by accounting for a total of 3.0% CAGR during the forecast period. Europe is anticipated to hold the largest market share of around US$ 1.6 Billion.

Numerous European countries like Spain, U.K., and Germany have witnessed a significant spike in cases of insomnia over the last couple of years. As a consequence, European pharmaceutical manufacturers are shifting towards increasing their spending on manufacturing passion flower-infused products. This factor is anticipated to propel market growth in the forthcoming years.

North American region is predicted to generate significant revenue for the global passion flower extract market over the valuation period as it is expected to grow at a CAGR of 2% with a market value of US$ 1.3 Billion.

North American region is predicted to account for a significant market share over the entire passion flower extract market across the projection period. The growth of the region is attributed to the high prevalence of cases of insomnia in the region is projected to propel the product demand in countries like Canada and the US.

Key Segments Profiled in the Passion Flower Extract Industry Survey

Passion Flower Extract Market by Nature:

Organic Passion Flower Extract
Conventional Passion Flower Extract

Passion Flower Extract Market by Form:

Liquid
Dry

Passion Flower Extract Market by End Use:

Passion Flower Extract for Food and Beverages
Passion Flower Extract for Pharmacological Uses
Passion Flower Extract for Pharmaceutical Uses
Passion Flower Extract for Nutraceutical Use
Passion Flower Extract for Dietary Supplements
Passion Flower Extract for Cosmetic and Personal Care

Passion Flower Extract Market by Distribution Channel:

Direct Sales of Passion Flower Extract
Indirect Sales of Passion Flower Extract
- Wholesale
- Online Retailer
- Supermarket
- Specialty Stores

Passion Flower Extract Market by Region:

North America Passion Flower Extract Market
Latin America Passion Flower Extract Market
Europe Passion Flower Extract Market
Asia Pacific Passion Flower Extract Market
Middle East & Africa Passion Flower Extract Market

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Forecasting the Jasmine Officinale Market: Opportunities, Risks, and Strategic Analysis by 2032

Future Market Insights research indicates that the global jasmine officinale market is anticipated to grow at a compound annual growth rate (CAGR) of % over the estimated period. According to projections, the market value will rise from US$ 364.5 million in 2022 to US$ 599.4 million in 2032. At the end of 2021, the Jasmine Officinal was valued at US$ 345.5 million. It is projected to expand at a compound annual growth rate (CAGR) of 5.1% in 2022.

Market Dynamics of Jasminum Officinale:

The key market driver which influences the demand for Jasminum officinale is from manufacturers of the cosmetic industry as it is one of the prime ingredients which is used in cosmetic products because of its sweet scent and natural fragrance. On the other side, this product is also trending in the market due to its heavy demand among health-conscious consumers, as they always seek cosmetics products made from herbal ingredient and free from side effects. Jasminum officinale is also gaining demand for medicinal purposes where its oil is mostly used in therapies, skin diseases, itching, ulcer and to cure from many other health-related problems.

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Market Segmentation of Jasminum Officinale:

The market of Jasminum officinale is segmented on the basis of form and application. On the basis of form Jasminum officinale is segmented into powder, extract, and liquid form. As per the application, Jasminum officinale is segmented in three different segments which include the cosmetic industry, medicinal purpose, home care products, and other (food and beverage).

The demand for Jasminum officinale is growing from the cosmetic industry where its flowers and its oil are used in perfumes, body lotions, creams, shampoos, hair oil, soaps, talcum powder, and in many other body care products. The increasing middle-class population, particularly in developing nations of the world states that consumers have enough income to spend their money in other areas like health and hygiene products, beauty care, home care, and in many other products after meeting their essential requirements.

Emphasizing this factor cosmetic companies are offering those products which comprised of natural fragrance and natural ingredients and are also free from any side effects. Jasminum officinale flowers and its oil have all such qualities and due to this, it is used in cosmetic and personal care products to satisfy the growing demand of consumers related to their wellbeing. Owing to the market segment of Jasminum officinale, it is expected that the cosmetic industry acquires the majority of shares in terms of both value and volume.

Oil extracted from Jasminum officinale has applications in medicinal purposes like in the treatment of spasms, dermatitis, dehydrated skin and to fight infections and for many other purposes. Jasminum officinale also has applications in home care products, where companies are generally using them in detergent powders, dishwashing liquid, room fresheners, etc as a fragrance extract. Moreover, Jasminum officinale also has a demand as a food flavor ingredient in culinary products, confectionery products, tea, desserts, etc.

Regional Outlook of Jasminum Officinale:

On the basis of regional outlook, Jasminum officinale market is segmented into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East, and Africa. As per production, major Jasminum officinale producing countries are China and India from the Asia-Pacific region. On the other side in terms of consumption, increasing demand for cosmetic, herbal, and personal care products in the European region supports the market growth over the forecast period.

Key Players in Jasminum Officinale Market:

Key players in Jasminum officinale market are Penn Herb Company, Young Living Essential Oils, The Jasmine Pearl, LLC., Bigelow Tea, YARDLEY LONDON, Hello Dollface, Eden Botanicals, and AayurMed Biotech (P) Ltd.

The Report covers an exhaustive analysis on:

Jasminum Officinale Market Segments
Market Dynamics of Jasminum Officinale Market
Historical Actual Market Size, 2013-2015 for Jasminum Officinale Market
Jasminum Officinale Market Size & Forecast 2016 to 2026
Value Chain
Jasminum Officinale Market Current Trends/Issues/Challenges
Competition and Companies Involved in Jasminum Officinale Market
Jasminum Officinale Market Drivers and Restraints

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Regional analysis for Jasminum Officinale Market includes:

North America
- US & Canada
Latin America
- Brazil, Mexico, and Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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GCC Medical Glove Market for Remarkable Growth, Expected to Reach US$ 213.7 Million at a 2.3% of CAGR

The global GCC Medical Gloves Market is expected to witness consistent growth and reach a valuation of US$ 170.3 million by 2024. This statistic illustrates how the healthcare industry is placing more and more focus on proper cleanliness standards, which is raising demand for medical gloves throughout the Gulf Cooperation Council.

Over the course of the projection period, the industry as a whole is expected to rise at a low CAGR of 2.3%. By 2034, the medical gloves market share in the GCC is projected to be worth approximately US$ 213.7 million.

The GCC healthcare sector’s growing emphasis on good cleanliness standards is one of the main factors contributing to this rise. In order to stop the spread of infections and guarantee patient and healthcare provider safety, medical gloves are essential. The growing awareness of cleanliness practices is anticipated to sustain the need for medical gloves, propelling the market’s expansion in the upcoming years.

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The GCC medical glove market is expected to benefit from several factors over the coming years, including:

Growing awareness of hygiene protocols within the healthcare sector
Increasing focus on patient safety
Rise in medical procedures requiring glove use

While the projected growth rate is moderate, the overall market size is expected to expand steadily, reflecting the ongoing importance of medical gloves in the GCC healthcare landscape.

Key Takeaways:

By raw material, the latex material segment is expected to hold 80.2% of the total market share in 2021, expanding at 7.9% CAGR during the forecast period.
Based on product type, the examination gloves segment is projected to command 55.6% of total sales in 2021, expanding at 8.1% CAGR.
By form, the powdered form segment is expected to hold 63.7% of the total market share in 2021, expanding at 8.0% CAGR.
By type of use, sales of disposable gloves are anticipated to hold 90.5% of the total market share 2021, and are to projected to increase at a robust 8.0% CAGR over the forecast period.
By end use, hospitals will account for 67.2% of total sales in 2021.
By distribution channel, the direct selling channel will account for 55.1% of the total market share in 2021.
Kingdom of Saudi Arabia (KSA) is anticipated to hold the largest share of 76.2% of the GCC medical gloves market in 2021.

Competitive Landscape for GCC Medical Glove Industry

The overall industry is currently moderately competitive as there are a few manufacturers operating at scale in different Gulf countries.

Companies operating in the medical gloves industry are aiming to strengthen their position through partnerships, collaborations, mergers & acquisitions, and agreements with established players, and other healthcare institutions. In addition to this, governments in GCC countries are increasing their investments in the expansion of the healthcare sector, which in turn is encouraging the emergence of new regional players.

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Recent Developments in the GCC Medical Glove Industry

In January 2021, Medline Industries announced a strategic partnership with the University of California, Davis / UC Davis. Students returning to the campus were provided custom PPE kits to be worn to avoid the spread of the COVID-19 virus. This way awareness and education among the peers were spread to reduce the strain on healthcare professionals.

Kimberly-Clark Corporation introduced the Kimtech Opal Nitrile Gloves in February 2022, with the purpose of guarding against microbiological and chemical splash dangers. These innovative gloves don’t include latex or vulcanizing chemicals, which reduces the possibility of skin responses related to Type I and Type IV allergies

Key Companies Profiled:

Paul Hartmann AG
Hotpack Packaging Industries LLC
Falcon (Falcon Pack)
Deeko Bahrain
Salalah Medical Supplies Mfg. Co. LLC
United Medical Industries
NAFA Enterprises Ltd.
Liberty Industries, Inc.
Ansell Healthcare
Mckesson Corporation
Cardinal Health, Inc.
Medline Indsutries, Inc.
Dynarex Corporation
Top Glove Corporation Berhad
Kimberly-Clark Corporation
Semperit AG Holding

Key Segments Covered by GCC Medical Glove Industry Survey Report:

By Raw Material:

Latex
Nitrile Rubber
Vinyl Rubber
Polyisoprene
Other Materials

By Product Type:

Examination
Surgical
Chemotherapy

By Form:

Powdered form Gloves
Powder-free form Gloves

By Type of Use:

Disposable Gloves
Re-usable Gloves

By End User:

Hospital Use
Clinic Use
Ambulatory Surgery Centre Use
Diagnostic Imaging Centre Use
Rehabilitation Centre Use

By Distribution Channel:

Direct Selling Channel
Medical Store Channel
E-Commerce Channel
Other (Retail Store or Hypermarket) Channel

By Countries:

Kingdom of Saudi Arabia (KSA)
United Arab Emirates (UAE)
Qatar
Bahrain
Oman
Kuwait

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Global Counterfeit Drug Detection Device Market Set to Soar, Predicted to Reach US$ 1,615.6 Million at a 3.3% CAGR

Counterfeit Drug Detection Devices Market

The global counterfeit drug detection device market is expected to reach US$ 1,167.7 million in 2024, indicating significant growth in the near future. Based on projected growth rates, the market is expected to rise at a 3.3% Compound Annual Growth Rate (CAGR) from 2024 to 2034. It is anticipated that the market value would reach US$ 1,615.6 million by the end of the projected period.

The public’s health is seriously threatened by counterfeit drugs, since they may include dangerous ingredients or be dosed incorrectly, which could have catastrophic effects. Effective tools for detecting counterfeit drugs are therefore becoming more and more necessary in order to protect patient safety and maintain the integrity of pharmaceutical supply chains.

False and subpar medications are known as counterfeit pharmaceuticals; this is an international issue. Medical equipment called anticounterfeit drug detection devices are made to identify fake pharmaceutical packaging, labels, and chemical makeup. A counterfeit medication is any pharmaceutical product that has been purposefully mislabeled about its identity or place of origin, according to the World Health Organization.

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Competitive Landscape in the Counterfeit Drug Detection Device Market:

The counterfeit drug detection device market is fairly fragmented. While a few reputed companies have a significant share of the market demand, newer players and small-scale players also have the potential to thrive.

Technologically advancing the products, to keep the product line moving, is given priority by market players. Geographical expansion is also given significance by market players.

Recent Developments in the Counterfeit Drug Detection Device Market

In February 2022, the AD Minidose U9 RAIN RFID was launched by Avery Dennison Smartrac
for enhanced RFID applications in the healthcare sector.
In August 2021, Vestcom was acquired by Avery Dennison Corporation.
In December 2021, Stratio, Inc., with the help of South Korea’s National IT Industry Promotion Agency (NIPA) launched an AI-enabled imaging solution. It is designed to detect infringements at border checkpoints.
In September 2021, the Fluoride ISE was introduced by Metrohm for the detection of, as the name suggests, fluoride.

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Key Companies in the Counterfeit Drug Detection Device Market:

Spectris
Spectral Engines Oy
Consumer Physics
Olympus Corporation
Stratio, Inc.
Rigaku Corporation
Thermo Fisher Scientific, Inc
GAO RFID
Cellular Bioengineering, Inc
Metrohm AG

Key Segments:

By Product:

Counterfeit Chemical Composition Detection Devices
- Ultraviolet/Vis Devices
- Infrared & Near Infrared Spectroscopy Device
- Raman Spectrometers
- XRD & XRF Spectroscopy Devices
Counterfeit Packaging & Labelling Detection Devices
- RFID Analyzer
- Scanning & Imaging Systems
- Others

By Modality:

Portable Devices
Hand-held Devices
Bench-top Devices

By End User:

Pharmaceutical Companies
Drug Testing Laboratories
Research Organization

By Region:

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

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Global Tissue Engineered Skin Substitute Market Growth, Forecasted to Reach US$ 3.5 Billion at a 3.9% CAGR

The global tissue engineered skin substitute market is anticipated to have a value of US$ 2.4 billion by 2024. By 2034, the market is expected to grow to US$ 3.5 billion. The market is anticipated to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2034.

Several factors are anticipated to drive the growth of the tissue engineered skin substitute market. These include the rising demand for minimally invasive surgeries, the aging population, the increase in diabetic foot ulcers, the prevalence of vascular diseases and burn injuries, improvements in healthcare infrastructure, and increased government investment in healthcare.

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More biomimetic tissue structures have been developed as a result of tissue engineering and the enhanced capacity to integrate biomaterials and cell culture systems with contemporary manufacturing techniques. Improvements in technology are paving the way for better skin substitutes made of tissue. Intriguing biofabrication methods for the creation of bioengineered skin substitutes are biotextiles and 3D bioprinting. A US research team has created a method that makes it possible to print whole blood vessels and skin in three dimensions. Such state-of-the-art fabrication techniques will open up a substantial market opportunity worldwide.

Though significant advancements have contributed to the expansion of the market, certain limitations still exist. The inability of tissue-created skin substitutes to grow skin appendages like hair follicles, sebaceous glands, and nails is one of the biggest challenges facing R&D teams.

Key Takeaways – Tissue Engineered Skin Substitute Market Study

Demand for biologic skin substitutes is expected to rise during the forecast period due to increased tissue engineering research. Engineers from Caltech and ETH Zurich, for example, developed an artificial skin out of pectin, a naturally occurring long-chain polymer found in plant cell walls that allows the production of natural and fresh dermis.
Diabetes and chronic wounds are growing increasingly widespread, resulting in an increase in demand for tissue engineered skin substitutes.
The incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers is expected to drive demand for tissue engineered skin substitutes in developing nations such as China and India.

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Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Key Players:

Smith & Nephew plc.
Acelity L.P. Inc.
Mölnlycke Health Care
Integra Life Sciences
Allergan plc
Regenicin
Organogenesis Inc.
MiMedx
LifeNet Health
Kerecis
Medline Industries, Inc.

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Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 to 2021 and presents demand projections from 2022 to 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Tissue Engineered Skin Substitute Market by Category

By Product:

Acellular Skin Substitutes
- Acellular skin substitutes based on Amniotic Membrane
- Other Acellular skin substitutes
Biologic Skin Substitute
- Allograft
- Xenograft
Cellular Skin Substitutes
- Cellular skin substitute based on amniotic membrane
- Other cellular skin substitutes

Synthetic Skin Substitutes

By Material:

Synthetic
Natural

By Application:

Chronic Wounds
- Venous leg Ulcers
- Diabetic Foot Ulcer
- Pressure Ulcers
Acute Wounds
- Traumatic Wounds
- Burn Cases
Other Applications

By End User:

Hospital
Specialty Clinics
Ambulatory Surgical Centers
Research Laboratory

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Global Laparoscopic Device Market Set to Soar, Predicted to Reach US$ 20.5 Billion at a 4.2% CAGR

The global laparoscopic devices market is projected to have a value of US$13.59 billion by 2024. Businesses are responding to supply chain interruptions with a variety of strategies.

Through 2034, the requirement for laparoscopic devices is expected to grow at a slow CAGR of 4.2%. By 2034, the industry is expected to generate more than US$ 20.5 billion. The market is growing more quickly since obesity is becoming more common in all age groups.

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The market for laparoscopic devices is anticipated to expand at a 5.8% compound annual growth rate (CAGR) from US$ 12.3 billion in 2022 to US$ 18.4 billion by 2029.

Over the next ten years, there is expected to be a significant growth in the laparoscopic devices industry. due to the quick rise in the demand for minimally invasive surgical treatments as well as the growing potential for use in colorectal and bariatric surgery.

According to the report, the laparoscopic devices market is anticipated to grow over the coming years due to a combination of increased foreign direct investment (FDI) in developing countries and marketing and promotional initiatives.

Key Takeaways :

Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.

Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.

The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.

Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.

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Key Companies Profiled :

Olympus Corporation

Braun Melsungen AG

Intuitive Surgical Inc.

Medtronic plc.

Stryker Corporation

Smith & Nephew Plc

CareFusion Corporation

Ethicon US, LLC

KARL STORZ GmbH & Co. KG

Richard Wolf GmbH

Endocontrol SA

Tekno-Medical Optik Surgery GmbH

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Laparoscopic devices market by Category :

By Product:

Direct Energy System Devices
Trocars/Access Device
Internal Closure Devices
Laparoscopes
Hand Access Instruments
Insufflation Devices
Robotic Assisted Surgical System

By Therapeutic Application:

Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Urological Surgery

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa (MEA)

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Global Animal Model Market Continues Upward Trajectory, Projected to Reach US$ 3,476.8 Million at a 6% of CAGR

The global animal model market is projected to bring in over US$ 1,943.3 million in revenue by 2024. Animals are easier to test in labs, have a shorter life cycle, and share a high level of genetic similarity.

Over the next 10 years, the market as a whole is expected to develop at a moderate CAGR of 6%, according to the animal model demand analysis report. By the conclusion of this forecast period, the report projects that the worldwide animal model industry will be valued close to US$ 3,476.8 million.

Animal models play a crucial role in various stages of drug development, from initial discovery to preclinical and clinical trials. Their use enables researchers to understand biological mechanisms, test the efficacy and safety of potential treatments, and evaluate disease progression and therapeutic interventions.

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Key Takeaways from the Animal Model Market Study Report:

The market in North America is expected to account for over 40% of the global market share in 2024, followed by Europe.
The United States creates the most demand for preclinical animal models in North America and is poised to advance further with a 6.7% CAGR through 2034.
Germany is expected to continue to be the most lucrative market for animal models in Europe, exhibiting a growth rate of 8.2% through 2034.
The United Kingdom is another notable market for the use of laboratory animals, which is likely to exhibit a 6.6% CAGR till 2034.
China is the leading supplier of animal models for preclinical research in Asia and is expected to witness a 6.1% CAGR through 2034.

Competitive Landscape for the Animal Model Market Participants:

The competition in the animal model industry is highly concentrated, and many contemporary participants are focused on the rat and mouse model segment. However, the approval and adoption of many other animal species, like pigs or non-human primates, is expected to diversify the market by increasing animal model suppliers.

“Rising demand for biomedical research animals and their increased use in the development of personalized medicine has created new opportunities for existing animal model suppliers. Further, more government support in the form of funding and subsidies for supplying laboratory animals in pharmacological studies has encouraged many start-ups in recent years,” – says a lead analyst at FMI.

Key Players Profiled in the Animal Model Market Report:

Charles River Laboratories International, Inc.
Horizon Discovery Group plc.
The Jackson Laboratory
Taconic Biosciences, Inc.
Genoway SA
Eurofins Scientific SE
Crown Bioscience, Inc.
Envigo CRS SA
Transposagen Biopharmaceuticals, Inc.

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Key Segments Covered by Animal Model Industry Survey Report:

By Species Type:

Rats
Mice
Guinea Pigs
Rabbits
Monkeys
Dogs
Pigs
Cats
Other Species

By Application:

Basic and Applied Research
Drug Discovery and Development
Other Applications

By End User:

Academic & Research Institutions
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

By Region:

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

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Global Handheld Ultrasound Scanner Market for Spectacular Growth, Projected to Reach US$ 750.3 Million by 2034 at a 3.90% CAGR

The global handheld ultrasound scanner market is expected size is anticipated to be worth US$ 750.3 million by 2034. According to the estimates, the market is projected to clock a 3.90% CAGR until 2034. In 2024, the handheld ultrasound scanner market size is valued at US$ 511.8 million.

Handheld ultrasound scanners give medical professionals a versatile and portable imaging option, enabling point-of-care diagnostics and better patient care delivery. The market for handheld ultrasound scanners is expanding quickly due to the need for efficient diagnostic tools, the increasing popularity of telemedicine, and advancements in ultrasound technology.

Thanks to technological developments, portable ultrasound scanners now come with an easy-to-use interface and can be connected to smartphones or tablets over Bluetooth or Wi-Fi. These features improve ease of use while also making it easier for photos to be seamlessly transmitted to medical institutions, allowing for quicker diagnosis and treatment planning.

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Global Handheld Ultrasound Scanners Market: Dynamics

The global market for handheld ultrasound scanners is growing due to a number of factors, including technological advancements in medical imaging devices, an increase in non-radiologist use of these devices, the benefits of international trade agreements, an increase in the import of imaging diagnostics systems, an increase in healthcare expenditures, a rise in the number of medical device manufacturers, an increased focus on inorganic growth by healthcare companies, innovations and developments in ultrasound scanning technology, modernization of healthcare investment, changing healthcare patterns, an increase in the prevalence of chronic disorders, and the adoption of distribution and licensing agreements by various players to increase product penetration. However, there are limitations due to things like non-standardized product pricing, growing consumption taxes, a shortage of qualified specialists, a lack of research and development in some fields, and medical device counterfeiting to the growth of the global handheld ultrasound scanners market.

Global Handheld Ultrasound Scanners Market: Segmental Highlights

The global handheld ultrasound scanners market is segmented by end user (hospitals, diagnostic centres, ASCs and others), modality type (wired scanners and wireless scanners), display type (black and white display and colour display) and region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa).

In 2021, the North America handheld ultrasound scanners market was dominated by the US, which held a share of approximately 86.6%. Over the forecast period, the U.S. market is expected to experience a stable growth rate of 10.2%, which is considered lucrative. Despite the fact that the majority of maternal deaths in the U.S. could be prevented, they have been increasing since 2000.
The global handheld ultrasound scanners market was predominantly led by wired modalities in 2021, accounting for a share of approximately 83.6%. According to FMI’s projections, this segment is expected to continue its growth trajectory with a steady CAGR of about 8.6% throughout the forecast period.
In 2021, colored display held the majority of revenue share in the global handheld ultrasound scanners market at 60.4%. The segment is expected to experience gradual growth with a CAGR of 10.0% throughout the evaluation period. Colored display ultrasound scanners are known for their ability to capture images with accuracy and precision, which may contribute to their popularity and continued growth in the market.
The hospital segment accounted for a significant revenue share of 37.2% in the handheld ultrasound scanners market in 2021. Going forward, the segment is expected to continue its growth trajectory with a gradual CAGR of 9.9% during the forecast period. This can be attributed to the increasing demand for handheld ultrasound scanners in hospitals, which can provide healthcare professionals with real-time images for diagnosis and monitoring purposes.

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Global Handheld Ultrasound Scanners Market: Competition Analysis

The global handheld ultrasound scanners market research report includes company profiles of key players involved in the daily operations of handheld ultrasound scanners. Koninklijke Philips N.V., GE Healthcare, Fujifilm SonoSite, Inc., Clarius Mobile Health, Signostics Limited, Sonoscanner SARL, Mobisante, Inc., Terason (Teratech corp.), Shenzhen Sunway Medical Device Co., Ltd., Shenzhen WELLD Medical Electronics Co., Ltd., Shenzhen Landwind Industry Co., Ltd., Healcerion, Co., Ltd., Meditech Equipment Co.,Ltd (Meditech Group), Sino-Hero(Shenzhen) Bio-Medical Electronics Co., Ltd., Caresono Technology CO., Ltd., Sonostar Technologies Co., Ltd., DGH Technology, Inc., and Xuzhou Palmary Electronics Co., Ltd., are the key players analysed in the global handheld ultrasound scanners market research study.

Key Segments Covered in Handheld Ultrasound Scanners Market Report

By Modality:

Wired
Wireless

By Display:

Black & White Display
Color Display

By End User:

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

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Global Ambulatory Surgical Centers Market for Remarkable Growth, Expected to Reach US$ 150.6 Billion by 2033 at a 4.5% of CAGR

The global ambulatory surgical centers market reached US$ 96.5 billion in 2023 and is expected to reach US$ 150.6 billion by 2033, recording a CAGR of 4.5% over the forecast period.

One of the main purposes of ambulatory surgery centers is to provide excellent, reasonably priced surgical care outside of traditional hospital settings. The increasing emphasis on reducing healthcare costs, advancements in technology, and the expanding demand for outpatient surgical procedures are all contributing to the rapidly growing global demand for ambulatory surgery centers.

Around the world, ambulatory surgery centers (ASCs) are proliferating due to the growing need for both inpatient and outpatient care services. The public is increasingly turning to ASCs for high-quality healthcare services that offer efficiency and convenience due to the rising costs of care in traditional hospitals.

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The ASCs offer adequate treatments to cure illnesses, along with providing many facilities including reimbursement policies and insurance options. Thus, providing a cost-effective treatment to patients, lower than the expenses incurred at hospitals.

At ASCs, physicians are in a better position to control expenses and patient experience. By concentrating on one specialty and owning the equipment, it becomes easier for healthcare providers to schedule procedures and run an operating room efficiently. Therefore, more physicians are opening up ASCs to cater to the growing demand for surgical procedures. Going forward, the ambulatory surgical centers market is being governed by the research and development activities initiated by key players for the advancement of the market.

Key Takeaways from the Ambulatory Surgical Centers Market:

The U.S. market is predicted to maintain its prominent position over the forecast period as well, and reach US$ 73.5 billion by 2033. The market is predicted to record a CAGR of 4.5% from 2023 to 2033.
In Asia Pacific, Japan is estimated to attain US$ 5.7 billion by 2033. The market valuation of Japan is significant than China, which attained US$ 5.3 billion in the same year.
However, the growth of the market in China is projected to be 5% CAGR, greater than the 2.4% CAGR estimated for the market in Japan.
Over the forecast period, the surgical services segment is projected to emerge as the leading service, recording a CAGR of 4.6%.The
Increasing number of ASCs delivering high-quality outpatient surgical care is projected to contribute towards the progress of this segment.

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News Featuring Market Developments by Key Players of Ambulatory Surgical Centers:

In January 2023, Hudson Medical Center, a US$50 million and 1, 60,000 square foot facility, opened its gates for patients. At the same premises, the first ASC in St. Croix County, named Valley Surgery Center, will also be present. The center will be able to operate about 10,000 surgeries every year, after its commencement.
In August 2022, HCA Healthcare, a major healthcare provider in the U.S., announced its acquisition of Stone Oak Surgery Center, in association with 11 physician partners. The latter is a San Antonio-based ASC, authorized by the Centers for Medicare & Medicaid Services (CMS), and offers multispecialty services. With this acquisition, HCA Healthcare will extend its footprint in San Antonio.
Earlier, in January 2022, the company had revealed its decision to develop five new hospitals, offering all the necessary services in Texas. With this initiative, the company aims to cater to the rising need for healthcare services in the state.

Key Companies Profiled:

AmSurg Corp
Tenet Healthcare
HCA Holdings, Inc.
Surgical Care Affiliates, Inc.
Surgery Partners
Ambulatory Surgical Centers of America
Pinnacle III
Proliance Surgeons
Regent Surgical Health
SurgCenter Development

Ambulatory Surgical Centers Market by Category

By Centers Type:

Single Specialty Centers
MultiSpecialty Centers

By Modality:

Hospital-Based Ambulatory Surgical Center
Freestanding Ambulatory Surgical Center

By Services:

Diagnostic Services
Surgical Services

By Specialty Area:

Gastroenterology
Ophthalmology
Orthopedics
Pain/Neurology
Urology
Dermatology
Others

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About Future Market Insights (FMI)

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

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

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