Global Television Broadcasting Services Market Surges with US$ 597,944.9 Million Sales in 2023; Projected Growth to Reach US$ 10,24,578.40 Million by 2033, According to Future Market Insights

The television broadcasting services market is currently experiencing significant changes, as evidenced by its Compound Annual Growth Rate (CAGR) of 5.5%. The industry is also projected to witness substantial growth in the coming years. In 2023, it is anticipated to reach a market size of US$ 597,944.9 million, reflecting the resilience of the sector and the ongoing demand for broadcasting services.

Looking even further into the future, the market is expected to expand exponentially, with an anticipated market size of US$ 10,24,578.40 million in 2033. This remarkable surge highlights the transformative nature of the television broadcasting services industry and its potential to become an essential player in the global economy. As technology and consumer preferences continue to evolve, industry players are gearing up to adapt and capitalize on emerging opportunities, ensuring a dynamic and thriving market in the years to come.

The television broadcasting services industry faces multiple restraints that pose challenges to its growth. Rapid technological changes require substantial investments to stay competitive, yet regulatory compliance can inflate these costs.

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The industry contends with rising consumer preference for digital platforms, like streaming services offering greater convenience and personalized content. This digital shift, coupled with increasing market saturation, intensifies competition. Lastly, intellectual property rights issues and the global trend towards data privacy protections can further complicate operations, creating a complex environment that industry players must navigate.

Key Takeaways:

  • The television broadcasting services market is segmented geographically, with North America holding a considerable portion. As of 2022, North America accounted for 28.4% of the global market, indicating its strong influence and presence in the industry.
  • Europe closely follows with a 22.1% share of the worldwide television broadcasting services market. This significant percentage demonstrates the region’s critical role in shaping the industry and its trends.
  • Within North America, the United States dominates the sector, representing a significant 18.5% share of the global television broadcasting market in 2022. This data reaffirms the country’s status as a global powerhouse in the broadcasting industry.
  • In Europe, Germany stands out with an 8.1% share in the global television broadcasting market. The high percentage showcases the influence of German broadcasting services on an international level.
  • In Asia, Japan contributes notably to the television broadcasting industry, with a 2.6% market share. Despite being less than its Western counterparts, it’s a notable contribution considering the size and competitive nature of the market.
  • Australia holds a 2.1% market share in global television broadcasting services. While the percentage may seem small, it signifies Australia’s stable position in the industry.
  • China exhibits a Compound Annual Growth Rate (CAGR) of 3.4% in the television broadcasting services market. This positive growth rate reflects the expanding influence of Chinese broadcasting services.
  • India, one of the largest and fastest-growing markets in the world, showcases a robust CAGR of 4.3% in 2022. This remarkable growth rate signifies the rapid advancement and potential of India’s television broadcasting sector.
  • The United Kingdom, with a CAGR of 2.1%, indicates steady growth in its television broadcasting services market. It underscores the steady and sustainable growth of the UK’s broadcasting industry.

Competitive Landscape:

Some of the prominent participants in the worldwide Television Broadcasting Services market include A&E Television Networks, LLC, AT & T, Inc., British Broadcasting Corporation, CANAL+GROUP, CBS Interactive, Channel Four Television Corporation, CenturyLink, Inc., and 21st Century Fox. To gain a competitive edge in this dynamic sector, these industry frontrunners are investing in strategies like new product introductions, partnerships, mergers and acquisitions, as well as business expansions.

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Market Segments Covered In Television Broadcasting Services Market Analysis

By Delivery Platform:

  • Digital Terrestrial
  • Satellite
  • Cable
  • Internet Protocol
  • Over-the-top

By Broadcaster Type:

  • Public
  • Commercial

By Revenue Model:

  • Subscription
  • Advertisement

By Region:

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

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Volumetric Display Market Soars: Projected to Reach US$ 284.5 Million by 2023, Fueled by Portable Devices and Tech Enthusiasts

According to data from the market research firm FMI, the volumetric display market is expected to reach US$ 284.5 million by 2023 and US$ 2 billion by 2033 growing at a CAGR of 21.4%. A continuous stream of technological advancements and innovative solutions will continue to drive market growth during the forecast period, resulting in improved resolutions and features in 3D display technologies.

Growing demand for 3D visualization and increased adoption of holographic displays are major drivers of market revenue growth. As medical imaging, entertainment, learning, and advertising applications continue to develop, the market’s revenue is expected to grow.

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A new generation of volumetric displays has been developed through advances in lasers, optics, and electronics, allowing the same image to be viewed simultaneously by multiple viewers without the need for special glasses. A group of researchers from Utsunomiya University’s Kumagai Yukinobu campus presented an application that utilized bubbles in a transparent liquid to create 3D stereoscopic images.

Volumetric displays have grown in popularity due to their expanding range of applications. 3D visualization displays have become increasingly popular as more industries recognize their potential in the market. With volumetric displays, medical imaging, in particular, can be better understood and manipulated, providing advanced anatomical information.

Key Takeaways

  • According to estimates, the static-volume display market is expected to accelerate at a CAGR of 21.2% between 2023 and 2033.
  • Japan’s demand for volumetric display innovations is expected to grow at a CAGR of 20.8% by 2033.
  • By 2033, the volumetric display market is projected to expand at a CAGR of 20.1% in the United States.
  • In South Korea, volumetric display sales are projected to grow at a CAGR of 21.9% by 2033.
  • According to industry forecasts, the medical sector will experience a CAGR of 21% in the next few years.

“Growing popularity of holographic content and demand for entertainment and gaming technologies is expected to grow demand in the market. The rise of commercialization challenges and the influx of investments are expected to propel the growth of the market.,”, says an FMI analyst.

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Competitive Landscape

Numerous key players offer a wide range of products to compete for market share in the volumetric display market. A number of aspects influence these companies’ competition, including product innovation, quality, pricing, design options, sustainability, and customer service.

Research and development is a frequent investment for them as a means of keeping up with changing customer needs, introducing new designs, and enhancing performance. Expanding a company’s market presence often involves strategic partnerships, mergers, and acquisitions.       

Market Developments Include:

  • In 2023, CES continues, with more impressive announcements, including Sony’s entry into the metaverse with a portable volumetric capture device, along with the usual new TV sets. Using its Spatial Reality Display, people can see into a 3D world without glasses or headsets, using it to actually see into a 3D world. A 27″ prototype version of the display will be demonstrated. By being able to view 3D objects without any special equipment, visualization, and prototyping become much easier.
  • In February 2023, FYR Medical secured $2.6 million in Series A funding to create an operating room magnifier that uses XR technology. As described by the manufacturer, the augmented reality-capable digital magnifier is similar to a traditional surgical magnifier in terms of size, shape, and weight. As a major advantage, FYR Medical’s volumetric light field displays are based on Light Field technology. In contrast to two-dimensional displays, progressive lenses allow the eye to focus on objects of differing distances.

Volumetric Display Market by Category

By Display Type:

  • Static-volume Display
  • Swept-volume Display

By End-Use:

  • Medical
  • Aerospace & Defense
  • Automotive
  • Media, Communication, & Entertainment
  • Education & Training
  • Others (Oil & Gas, Mining, etc)

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Thriving Growth Projected for Family/Indoor Entertainment Centres Market: Future Market Insights Forecasts $61 Billion Revenue by 2027

The global Family/Indoor Entertainment Centres (FEC) market has witnessed remarkable growth, with Future Market Insights (FMI) forecasting a substantial increase in revenue from approximately US$ 17 billion in 2017 to approximately US$ 61 billion by the end of 2027. This impressive growth, representing a Compound Annual Growth Rate (CAGR) of 13.3% from 2017 to 2027, can be attributed to the consistent introduction of new FECs, which have played a pivotal role in fostering sustained expansion within the industry.

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Key Takeaways

  • The Family/Indoor Entertainment Centres market is set to grow at an impressive CAGR of 13.3% from 2017 to 2027, reaching approximately US$ 61 billion in revenue by the end of the forecast period.
  • Rising disposable income, the importance of family leisure, and technological advancements are key drivers propelling the FEC industry’s growth.
  • North America and Europe lead the market, but Asia-Pacific and other regions are emerging as significant growth areas.
  • Regulatory challenges, high setup costs, and economic uncertainties pose restraints to market expansion.
  • Categories such as indoor amusement centers, trampoline parks, adventure parks, and food and beverages are driving growth within the FEC market.

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period.

The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Million and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

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Market Taxonomy

By FEC Type:

  • Arcade Studios
  • VR Gaming Zones
  • Sports Arcades
  • Others

By Visitors Demographics:

  • Families With Children (0–9)
  • Families With Children (9–12)
  • Teenagers (12–18)
  • Young Adults (18–24)
  • Adults (24+)

By Facility Size:

  • <5,000 Sq. ft.
  • 5,001 to 10,000 Sq. ft.
  • 10,001 to 20,000 Sq. ft.
  • 20,001 to 40,000 Sq. ft.
  • >40,000 Sq. ft

By Attendance per day:

  • <25,000
  • 25,001 to 50,000
  • 50,001 to 100,000
  • 100,001 to 250,000
  • >250,000

By Revenue Source:

  • Entry Fees & Ticket Sales
  • Food & Beverages
  • Merchandising
  • Advertising
  • Others

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Preoperative Bathing Solution Market Set to Hit US$ 5.4 Billion by 2033

Preoperative Bathing Solution Market
Preoperative Bathing Solution Market

By 2023, the preoperative bathing solution market trends is expected to be valued US$ 3.5 billion. By 2033, the market is expected to have grown at a 4.6% CAGR and reach US$ 5.4 billion. The market for preoperative bathing solutions is expanding due to several factors, such as the rising awareness of surgical infections and the product’s introduction into emerging countries.

Continuous advancements in surgical infection therapy, such as the development of innovative dis-infecting solutions and antiseptic bathing wipes, are expected to increase the efficacy and utilization of preoperative bathing solution. These advancements have the potential to expand the industry by widening its applications and improving patient outcomes.

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The healthcare sectors of rising economies, particularly those in Asia-Pacific and Latin America, are quickly increasing. Increased expenditures in healthcare infrastructure, rising disposable incomes, and increased awareness of advanced wound care are all projected to drive the preoperative bathing solution market in these regions.

The development of guidelines and protocols by healthcare authorities and organisations can have a significant impact on the acceptability and usage of preoperative bathing solutions. As regulatory authorities emphasize infection control and standardize wound care practices, the need for preoperative bathing solution may expand.

As hospitals undertake an increasing number of surgical procedures, the sector is growing. Clinical scenarios involving surgical infections are difficult and complicated. Because the skin’s surface is regarded to be a source of germs, it is critical to clean and prepare the skin before to surgery.

Chlorhexidine gluconate solution is now the most often used skin preparation agent in healthcare settings. Furthermore, surgical site infections are the most common hospital acquired infections in patients undergoing surgery. Patients who acquire surgical site infections spend more time in hospitals and are considerably more likely to require intensive care unit (ICU) treatment, which raises expenditures.

Key Takeaways:

  • The preoperative bathing solution industry in the United States is predicted to reach US$ 1.7 billion by 2033, increasing at a 3.7% CAGR.
  • The preoperative bathing solution industry in the United Kingdom is estimated to reach a market size of US$ 258.4 million, expanding at a CAGR of 3.8% by 2033.
  • During the forecast period, the preoperative bathing solution industry in China is expected to reach a market value of US$ 343.2 million, securing a 5.9% CAGR by 2033.
  • The preoperative bathing solution industry in Japan is predicted to reach US$ 288.0 million by 2033, increasing at a 5.7% CAGR.
  • South Korea’s preoperative bathing solution industry is predicted to achieve a market value of US$ 105.6 million by 2033, rising at a 5.2% CAGR during the forecast period.
  • With a CAGR of 4.3% from 2023 to 2033, the solutions is expected to dominate the preoperative bathing solution industry.
  • With a CAGR of 4.9% from 2023 to 2033, the surgical wards to dominate the preoperative bathing solution industry by 2033
  • With a CAGR of 4.2% from 2023 to 2033, the hospital pharmacies is expected to dominate the preoperative bathing solution industry.

Key Players:

  • Mölnlycke
  • Zenith
  • Procter Gamble
  • Vygon (UK) Ltd
  • Becton Dikinson BD
  • Henkel Corporation
  • Unilever
  • 3M
  • Stryker
  • Perrigo Company plc

Key Developments:

  • On April, 2023, the new, FDA-approved 3M SoluPre S Sterile Antiseptic Solution was unveiled by 3M Health Care.
  • In July, 2020, BD (Becton, Dickinson and Company), has announced the launch of the BD PurPrep preoperative preparation of the skin using sterile solution.

Segmentation Analysis of the Preoperative Bathing Solution Market

By Product:

  • Solutions
    • CHG Solutions
    • Other Antiseptic Bathing Solution
  • Scrub Brushes
  • Wipes

By Hospital Ward:

  • Medical Wards
  • Intensive Care Unit (ICU)
  • Surgical Wards
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region:

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

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Author By:

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

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

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

About Future Market Insights (FMI)

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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Procalcitonin (PCT) Assay Market Surges to Reach US$ 512.9 Million by 2033

Procalcitonin (PCT) Assay Market
Procalcitonin (PCT) Assay Market

The worldwide procalcitonin (PCT) assay market share is anticipated to grow rapidly, with a projected market value of US$ 280.6 million in 2023 and an anticipated CAGR of 6.2% over the forecast period. By 2033, the market is estimated to be valued US$ 512.9 million.

One of the key drivers for this growth is the increasing incidence of lung cancer, emphasizing the need for accurate and early diagnosis. The PCT assay market has experienced remarkable expansion owing to heightened awareness about the critical role of early and precise diagnosis in bacterial infections.

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The Procalcitonin (PCT) assay market focuses on diagnostic tests that measure procalcitonin levels in the bloodstream. Procalcitonin is a precursor protein to the hormone calcitonin, and its production is triggered by bacterial infections. The market is committed to improving patient care by offering advanced diagnostic solutions for bacterial infections.

As the Procalcitonin (PCT) Assay Market continues to advance, it is anticipated to play a pivotal role in enhancing the early detection and management of bacterial infections, contributing to better healthcare outcomes.

Key Takeaways:

  1. Market Growth: The market is expected to experience substantial growth, with a projected valuation of $512.9 million by 2033, driven by a CAGR of 6.2% during the forecast period.
  2. Lung Cancer Incidences: The increasing incidence of lung cancer is a significant driver for market growth, underlining the need for early and accurate diagnosis of bacterial infections.
  3. Awareness and Importance: Growing awareness about the importance of early and precise diagnosis of bacterial infections has contributed to the market’s expansion.
  4. PCT Assay Definition: The market revolves around diagnostic tests that measure procalcitonin levels in the bloodstream. Procalcitonin is a precursor protein produced in response to bacterial infections.
  5. Enhanced Diagnostic Solutions: The PCT assay market is committed to offering advanced diagnostic solutions for bacterial infections, with the goal of improving patient care.
  6. Early Detection: PCT assays play a pivotal role in the early detection of bacterial infections, allowing for prompt treatment and better healthcare outcomes.
  7. Clinical Utility: Procalcitonin assays are valuable tools for clinicians to assess the presence and severity of bacterial infections, guiding treatment decisions.
  8. Patient Care: The focus on precise diagnosis and early intervention is aligned with providing optimal patient care and improving healthcare outcomes.
  9. Innovative Diagnostics: The market’s growth reflects ongoing innovations in diagnostic technologies and their impact on the field of bacterial infection detection.
  10. Global Impact: The Procalcitonin (PCT) Assay Market contributes to the global efforts to enhance healthcare by improving the accuracy and timeliness of bacterial infection diagnosis.

Key Players in the Procalcitonin (PCT) Assay Market:

  • J. Mitra & Co. Pvt. Ltd.
  • Thermo Fisher Scientific Inc.
  • Elabscience Biotechnology Inc.
  • CUSABIO TECHNOLOGY LLC
  • Wuhan Fine Biotech Co., Ltd.
  • Company ABclonal, Inc.
  • Nanjing Vazyme Biotech Co.,Ltd.
  • RayBiotech Life, Inc.
  • Hipro Biotechnology Co.,Ltd.
  • Vitrosens Biotechnology
  • bioMérieux SA
  • ELK Biotechnology CO.,Ltd.
  • Immuno-Biological Laboratories, Inc.
  • BISAF
  • Roche Diagnostics

Key Developments:

  • In November 2020, Roche and bioMérieux announced a collaboration to improve antibiotic stewardship by developing and providing PCT assays on Roche’s cobas platforms.
  • In February 2020, bioMérieux received FDA clearance for the Vidas BRAHMS PCT assay, which is an automated immunoassay platform for measuring PCT levels.

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Procalcitonin (PCT) Assay Market Segmentation:

By Sample Type:

  • Serum
  • Plasma
  • Cell Culture Medium
  • Other Biological Fluids

By Product:

  • Test Kits
    • Procalcitonin ELISA test kits
    • Procalcitonin CLIA kits
    • PCT Immunochromatography KITS
    • PCT Rapid Test Kit
  • Analyzer & Instruments
  • Consumables

By Purpose:

  • Clinical Use
  • Research Use Only

By End User:

  • Hospital
  • Specialty Clinics
  • Academic and Research Institute
  • Diagnostics Laboratories

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Author By:

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

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

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

About Future Market Insights (FMI)

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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Pulmonary Fibrosis Biomarkers Market Projected to Reach US$ 6.2 Billion Valuation by 2033

Pulmonary Fibrosis Biomarkers Market
Pulmonary Fibrosis Biomarkers Market

The global pulmonary fibrosis biomarkers market share is likely to grow rapidly, reaching a value of US$ 6.2 billion by 2033, from a projected market size of US$ 4.1 billion in 2023 and an anticipated CAGR of 4.2% throughout the forecast period.

Key to this growth is the rapid advancement in pulmonary fibrosis biomarkers, enabling the discovery, validation, and clinical translation of new biomarkers. High-throughput screening methods and the utilization of bioinformatics tools are also contributing to this market expansion.

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Pulmonary fibrosis biomarkers play a crucial role in monitoring disease activity and treatment response, offering clinicians the means to assess therapy effectiveness, adjust treatments as needed, and track disease progression over time. This ongoing monitoring is vital for evaluating treatment outcomes and optimizing patient management.

As the market for pulmonary fibrosis biomarkers continues to advance, it is expected to enhance the quality of care and outcomes for pulmonary fibrosis patients worldwide.

  1. valuation of $6.2 billion by 2033, driven by a CAGR of 4.2% during the forecast period.
  2. Advancements in Biomarkers: Rapid developments in pulmonary fibrosis biomarkers are enabling the discovery, validation, and clinical application of new biomarkers, enhancing patient care and management.
  3. High-Throughput Screening: The use of high-throughput screening methods is contributing to the growth of the market, facilitating efficient biomarker discovery and validation.
  4. Bioinformatics Tools: Bioinformatics tools are playing a vital role in analyzing biomarker data, aiding in the understanding of disease mechanisms and treatment response.
  5. Disease Monitoring: Biomarkers are essential for monitoring disease activity and assessing treatment response in pulmonary fibrosis patients, helping clinicians make informed decisions and optimize patient care.
  6. Personalized Treatment: Biomarker monitoring enables personalized treatment approaches, allowing adjustments based on individual patient responses and disease progression.
  7. Improved Patient Outcomes: The application of biomarkers in pulmonary fibrosis is expected to enhance patient outcomes, by enabling more effective treatment strategies and early intervention.
  8. Disease Progression Tracking: The continuous monitoring of biomarkers allows for the tracking of disease progression over time, facilitating a better understanding of the disease course.
  9. Clinical Utility: Biomarkers serve as valuable tools in assessing the effectiveness of therapies, guiding clinical decisions, and optimizing patient management strategies.
  10. Global Impact: The growth of the pulmonary fibrosis biomarkers market reflects the global commitment to advancing pulmonary fibrosis research and patient care, offering new hope and solutions for those affected by this condition.

Key Players:

  • Biogen
  • Veracyte
  • Genentech (Roche)
  • Galapagos NV
  • Biocartis
  • Myriad Genetics

Key Developments in the Pulmonary Fibrosis Biomarkers Market:

  • In September 2022, Biogen Inc. has consented to pay a total of US$ 900 million to resolve claim that it paid kickbacks to doctors to encourage them to prescribe Biogen medications, which led to the filing of false claims with Medicare and Medicaid.

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Segmentation Analysis of the Pulmonary Fibrosis Biomarkers Market:

By Test Type:

  • HRCT Scans
  • X-Ray Scans
  • Lung Biopsy
  • Blood Tests
  • Pulmonary Function Tests

By End User:

  • Diagnostic Laboratories
  • Academic and Research Institutes
  • Hospital Laboratories
  • Biopharmaceutical Companies
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

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Potassium Citrate Market Forecasted to Reach US$ 947.77 Million by 2033, with a CAGR of 3%

From 2023 to 2033, the global potassium citrate market is expected to witness significant growth, with its valuation projected to rise from US$ 705.23 million to US$ 947.77 million, reflecting a Compound Annual Growth Rate (CAGR) of 3%. This expansion is anticipated to be driven by factors such as increasing demand from the food and beverage industry, rising awareness regarding health benefits, and the expanding pharmaceutical sector. Additionally, the use of potassium citrate in various applications, including food additives, pharmaceuticals, and industrial applications, is likely to contribute to its market growth during the forecast period.

The global potassium citrate market has witnessed steady growth over the years, primarily driven by increasing demand from the pharmaceutical and food industries. Potassium citrate finds extensive usage as a pharmaceutical ingredient for its role in the treatment of kidney stones, urinary tract infections, and as an alkalizing agent in the management of acidic conditions. Moreover, its application as a buffering agent, flavor enhancer, and acidity regulator in food and beverage products contributes significantly to market expansion.

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Key Drivers and Trends:

  1. Health Awareness and Dietary Supplements: Growing health consciousness among consumers, coupled with a rising prevalence of urinary disorders and kidney stones, fuels the demand for potassium citrate-based pharmaceuticals and dietary supplements.
  2. Functional Food and Beverages: The trend towards healthier lifestyles has led to increased demand for functional food and beverages fortified with minerals and vitamins, including potassium citrate, which offers benefits such as improved kidney function and pH regulation.
  3. Food Preservation and Flavor Enhancement: Potassium citrate serves as an effective preservative and flavor enhancer in processed foods and beverages, driving its adoption by manufacturers seeking natural alternatives to synthetic additives.
  4. Expanding Pharmaceutical Industry: With advancements in healthcare infrastructure and an aging population worldwide, the pharmaceutical industry continues to expand, creating a conducive environment for the growth of potassium citrate-based medications.
  5. Innovations in Product Formulations: Manufacturers are focusing on developing innovative formulations of potassium citrate, such as extended-release tablets and liquid suspensions, to improve patient compliance and efficacy, thereby broadening its application scope.

Potassium Citrate Market: Top Key Players

  • Cargill, Incorporated.
  • Jungbunzlauer Suisse AG
  • American Tartaric Products Inc.
  • Gadot Biochemical Industries Ltd
  • Foodchem International Corporation
  • FBC Industries, Inc.
  • Dr. Paul Lohmann GmbH KG

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Potassium Citrate Market: Segmentation

Based on end-use industries

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care
  • Industrial
  • Others

Based on product types

  • Monohydrate
  • Anhydrous

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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Polyarylsulfone Market Anticipated to Surge with 8.2% CAGR from 2022 to 2032

The global polyarylsulfone market is poised for significant growth, projected to expand at a robust compound annual growth rate (CAGR) of 8.2% between 2022 and 2032. By the end of this period, it is forecasted to attain a valuation of US$ 4.62 billion, marking substantial progression from its anticipated value of US$ 2.1 billion in 2022. This growth trajectory underscores the escalating demand for polyarylsulfone across various industrial sectors, driven by its exceptional properties and versatility in applications such as automotive, electronics, and healthcare.

Polyarylsulfone, a high-performance thermoplastic resin, has garnered significant attention in various industries owing to its exceptional thermal, mechanical, and chemical properties. This versatile material finds applications across a spectrum of sectors, including automotive, aerospace, healthcare, electrical & electronics, and industrial manufacturing. As industries increasingly seek advanced materials capable of withstanding harsh environments and demanding performance requirements, the polyarylsulfone market has witnessed substantial growth and innovation.

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Market Dynamics:

  1. Growing Demand for Lightweight and Durable Materials: With the automotive and aerospace industries focusing on lightweighting strategies to enhance fuel efficiency and reduce emissions, polyarylsulfone emerges as a preferred choice due to its excellent strength-to-weight ratio.
  2. Rising Healthcare Applications: In the healthcare sector, polyarylsulfone is extensively used in medical devices, equipment, and components due to its biocompatibility, sterilizability, and resistance to chemicals, making it indispensable in critical applications such as surgical instruments, dialyzers, and medical tubing.
  3. Expanding Electrical & Electronics Sector: The increasing demand for high-performance materials in electrical and electronic components, particularly in the production of connectors, sockets, and insulating parts, is propelling the growth of the polyarylsulfone market.
  4. Advancements in Manufacturing Technologies: Ongoing advancements in processing technologies, such as injection molding and extrusion, have facilitated the production of complex geometries and customized solutions, further driving the adoption of polyarylsulfone-based products.

Polyarylsulfone Market: Key Players

  • BASF SE
  • Solvay Chemical Company
  • SABIC Innovative plastics
  • Ensigner Inc.
  • Sumitomo Chemicals
  • Quadrant Engineering Plastics Product
  • NYTEF Plastics Ltd.
  • Polymer Dynamix
  • Westlake Plastics Company

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Polyarylsulfone Market: Segmentation

The global polyarylsulfone market is segmented as follows:

Based on type:

  • Polysulfone
  • Polyethersulfone
  • Polyphenylsulfone

Based on application:

  • Medical Devices
  • Automotive
  • Electrical & Electronics
  • Aerospace
  • Others (Defense, Household products, etc.)

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
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Thymolphthalein Market Projected to Surpass US$ 135.6 Million by 2032: Growth Insights and Forecast Analysis

The global thymolphthalein market is currently valued at US$ 96.2 million in 2022, poised for substantial growth with a projected Compound Annual Growth Rate (CAGR) of 3.5% from 2022 to 2032. With this trajectory, the market is expected to reach a valuation of US$ 135.6 million by the end of the forecast period. This growth is attributed to increasing applications across various industries, including pharmaceuticals, chemicals, and research, driven by its versatile properties and demand for quality indicators.

The thymolphthalein market has been experiencing steady growth owing to its extensive usage across diverse sectors such as pharmaceuticals, chemical manufacturing, and research laboratories. As a pH indicator, thymolphthalein finds its application in titrations and analytical chemistry procedures, driving its demand in laboratory settings. Additionally, its adoption in niche segments such as cosmetics and textile industries further contributes to market expansion.

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Key Trends Driving Market Growth:

  1. Rising Demand for Analytical Tools: With the growing emphasis on quality control and analytical precision across industries, the demand for Thymolphthalein as a reliable pH indicator continues to rise.
  2. Expanding Applications in Pharmaceuticals: Thymolphthalein’s usage in pharmaceutical formulations, particularly in compounding medications and drug development, is witnessing an upward trajectory. Its inclusion in formulations for its pH-sensitive properties and therapeutic applications augments its market growth.
  3. Focus on Sustainable Chemistry: The shift towards sustainable practices in chemical manufacturing has prompted the exploration of eco-friendly alternatives, including Thymolphthalein. Manufacturers are investing in sustainable production methods, enhancing the market’s eco-credentials and appeal to environmentally-conscious consumers.
  4. Technological Advancements: Advances in chemical synthesis and production technologies are driving efficiency gains and cost reductions in Thymolphthalein manufacturing, making it more accessible to a broader range of industries.

Key Companies Profiled in the Thymolphthalein Market

  • Chevron Phillips Chemical Company Llc
  • Nova Chemicals Corp
  • The Dow Chemical Company
  • Basf Corporation
  • BorsodChem
  • Braskem S.A.
  • Mitsui Chemicals
  • Mitsubishi Chemical Corp
  • Sigma-Aldrich Co. LLC
  • OCI Corp

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Market Segmentation

By Type:

  • Reagent Grade
  • Industrial Grade

By End-Use Industry:

  • Pharmaceuticals
  • Pesticides
  • Chemicals
  • Solvents
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • 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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Liquid Nitrogen Purge Systems Market Set to Reach US$ 865 Million by 2032, with 5.5% CAGR Growth

 

The global liquid nitrogen purge systems market is anticipated to witness significant expansion, with projections indicating a rise from US$ 506.40 million in 2022 to an estimated US$ 865 million by 2032, showcasing a robust compound annual growth rate (CAGR) of 5.5%. This growth trajectory is propelled by the widespread utilization of liquid nitrogen purge systems across various industries, underscoring their indispensable role in enhancing operational efficiency and safety measures.

The liquid nitrogen purge systems market is witnessing robust growth propelled by the increasing emphasis on safety standards and the need for efficient preservation techniques across industries. These systems offer a reliable method for displacing oxygen or other gases, thereby creating an inert atmosphere essential for various processes.

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Key Drivers:

  1. Safety Regulations: Stringent safety regulations imposed by regulatory bodies, especially in sectors like pharmaceuticals, chemicals, and food processing, are driving the adoption of liquid nitrogen purge systems to mitigate risks associated with hazardous gases.
  2. Rising Industrialization: Rapid industrialization, particularly in emerging economies, is fueling the demand for liquid nitrogen purge systems in industries such as manufacturing, automotive, and electronics for inerting, cooling, and purging applications.
  3. Advancements in Cryogenic Technology: Ongoing advancements in cryogenic technology have led to the development of more efficient and cost-effective liquid nitrogen purge systems, further stimulating market growth.

Liquid Nitrogen Purge Systems Market Top Key Players

Liquid Packaging Solutions Inc., Halliburton, IKM Testing UK Ltd., Airgas Inc., Epoxy Oil Serve Nigeria Limited, Vadilal Chemicals Ltd., GTS Maintenance Limited, Praxair Technology, Inc., Air Products and Chemicals, Inc. & Linde Group

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Liquid Nitrogen Purge Systems Market Segmentation

The Liquid Nitrogen Purge Systems can be classified as the following

By Technique:

  • Displacement- For simple operating systems
  • Dilution- For complex operating systems

By Monitoring Type:

  • Direct
  • Remote Controlled

End Use Industry:

  • Oil & Gas Refineries
  • Welding & Fabrication of Metals
  • Pharmaceuticals & Healthcare
  • Chemicals
  • Automotive
  • Aerospace
  • HVAC Systems
  • Electro Optics

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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