Market Research Blog – Page 3792 – New Product Development

Disposable Protective Apparel Market Anticipated to Grow at 4.1% CAGR and Reach US$ 3,475.9 Million by 2033

Rising Demand and Infection Control Drive the Market’s Growth

Future Market Insights, an ESCOMAR certified market research and consulting firm, projects a steady growth trajectory for the global disposable protective apparel market. According to their latest study, the market is poised to expand at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period. The market is estimated to be valued at US$ 2,325.7 million in 2023, with a projected value of US$ 3,475.9 million by 2033.

Growing Need for Single-Use Protection Fuels Market Expansion

Disposable protective apparel is gaining traction as a vital solution in various industries due to its single-use design, which is subsequently either recycled or disposed of as solid waste. This term highlights the convenience of short-term usability rather than medium to long-term durability. Manufacturers of disposable protective apparel offer a comprehensive range of products that safeguard individuals from head to toe, including hard hats, respiratory masks, helmets, gloves, and more. The primary driver behind the increased demand for such single-use protective gear is infection control, significantly influencing the disposable protective apparel market share.

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Industry-Specific Adoption Propels Market Growth

Adoption rates of disposable protective apparel vary across industries, with its application guided by the Occupational Safety & Health Administration (OSHA) criteria. OSHA’s guidelines provide workers with essential information about appropriate attire and the required level of protection based on their work environment. This proactive measure by OSHA has significantly contributed to the upsurge in the disposable protective apparel market size in recent years.

Regulations and Standardization Foster Market Expansion

In addition to OSHA’s impact, government regulations and industry standardization within the personal protective equipment sector are anticipated to be strong growth drivers. The mounting demand for disposable protective apparel from healthcare, research, and pharmaceutical sectors has further propelled the global market share of disposable protective apparel.

Top Region – North America Leads the Charge

The global disposable protective apparel market is regionally segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America stands out as the dominant force, projected to secure a remarkable revenue share of 24.6% during the forecast period. This can be attributed to the stringent safety regulations, heightened awareness about protection, and the presence of advanced healthcare and pharmaceutical industries in the region.

Strong Competition and Strategic Initiatives

The disposable protective apparel market is witnessing robust competition among key players. Notable industry participants are actively engaged in various strategies to elevate their market standing and achieve sustained growth. Mergers, partnerships, and acquisitions are some of the tactics being employed by these players to fortify their positions in the market.

As the global disposable protective apparel market continues to flourish, Future Market Insights remains committed to providing comprehensive insights and analyses that empower businesses to make informed decisions in this dynamic landscape.

Key Players:

Lakeland Industries
3M
DuPont
Kimberly-Clark
Cellucap Manufacturing
Alpha Pro Tech
Shenzhen Selen Static Scientific Co., Ltd.
Royal TenCate NV
L. Gore & Associates
Cardinal Health
Honeywell International

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Key Segments

By Application:

Medical
Aerospace
Food
Industrial
Pharmaceutical
Electronics
Other (Bioclean, Hospital, & Semiconductor)

By Material Type:

Tyvek
Spunbonded polypropylene
Compressed polyethylene
Others (Vinyl)

By Product Type:

Disposable gloves
Splash gowns
Lab coats
Aprons
Scrub suits
Disposable coveralls or shirts and pants
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Currency Counting Machines Market Set for Steady Growth: Anticipated 4.9% CAGR with Revenue Surpassing US$ 373.4 Million by 2033

The currency counting machines Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the currency counting machines market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for currency counting machines. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

According to the latest projections, the market for currency counting machines is expected to experience substantial growth, reaching an estimated value of US$ 231.4 million in 2023 and projecting a robust increase to US$ 373.4 million by 2033.

This notable surge is primarily attributed to the rising incidents of counterfeit currency circulation, although potential hindrances such as the increasing prevalence of card-based transactions may impact this upward trajectory. The market dynamics are significantly influenced by the growing adoption of multi-currency forex cards, representing a noteworthy departure from traditional travel currency cards that are limited to a single currency.

Importantly, industry manufacturers are actively pursuing innovative techniques to enhance counterfeit detection capabilities. By leveraging advanced optical inspection and image processing technologies, they aim to deliver sophisticated and intelligent cash sorting solutions capable of reliably identifying fraudulent currencies.

The increased emphasis on the importance of counterfeit detection and security measures is driving a heightened demand for sophisticated currency counting devices. This surge in demand is particularly evident in sectors such as casinos, supermarkets, and hotels, where the efficient and accurate processing of cash is integral to daily operations. Manufacturers are responding to this demand by developing cutting-edge solutions to meet the evolving needs of these industries.

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Key Takeaways

By 2033, the currency counting machines market in the United Kingdom is likely to expand, with a CAGR of 2%.
In 2023, the United States is expected to develop the currency counting machines business with a share of 4%.
The currency counting machines market grew considerably to US$ 9,220.5 million in 2022.
The currency counting machines sector developed at a CAGR of 7% between 2018 and 2022.
By 2033, China’s currency counting machines market is projected to develop with a CAGR of 7%.
By 2033, India’s currency counting machines industry is projected to expand with a CAGR of 3%.
Japan’s currency counting machines industry is likely to grow significantly, with a 0% share in 2023.
Australia’s currency counting machines are expected to develop with a share of 1% in 2023.
Germany’s currency counting machines business is expected to grow, with a share of 6% in 2023.
In 2023, based on the type, the loose note segment is expected to dominate the market, with a share of 44%.
In 2023, a BFSI segment is expected to dominate the market, with a share of 36%, based on application.

Competitors’ Successful Techniques

Competitive pricing emerged as a critical factor within the market landscape, leading to the acquisition of substantial customer bases by businesses offering high-quality cash-counting machines at competitive price points. Several enterprises directed their efforts towards the development of specialized cash-counting equipment tailored to meet distinct industrial requirements. This strategic approach enabled them to cater to niche markets effectively and gain a competitive edge within the industry.

Top 10 Key Players of Currency Counting Machines Market

Web Sec Systems
Cannon Electronic Systems
Prompt Automation
Giesecke & Devrient GmbH
Cummins Allison Corp.
De La Rue plc
Bcash
Electronics Co.
Glory Global Solutions Limited
GRGBanking

Recent Development:

A cash counting machine with a capacity of 200 notes, an intelligent currency counter cum detector, and a loose note counting machine are all available from the firm Maxsell. In.
Through its subsidiaries, Glory Global Solutions (International) Ltd. and Glory Global Solutions (Holdings) Ltd., announced the purchase of Grupo Sortek S.A. de C.V. in May 2019. In Mexico, Sortek offers services for sorting cash.

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Key Segments Profiled in the Currency Counting Machines Market Survey:

By Type:

Loose Note
Bundle Note
Desktop Model

By Range:

Basic Note Counter
Hi-Speed Heavy Duty Cash Counting
Intelligent Counting cum Counterfeit Detection Machines

By Application:

BFSI
Business Houses
Hospitals
Schools & Colleges
Airports
Jewelers
Retail Outlets & Showroom
Hotels & Restaurants

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Microbial Fermentation Technology Industry Anticipates Exceeding US$56.97 Billion by 2033 with a 5.7% CAGR Triumph

Microbial Fermentation Technology Market

The Global Microbial Fermentation Technology Industry is experiencing an unprecedented surge, with an estimated value of US$ 32,729.05 million in 2023. This burgeoning sector is set to advance at a remarkable CAGR of 5.7% over the next decade, surpassing a staggering US$ 56,974.87 million by 2033.

The Global Microbial Fermentation Technology Industry is currently on the precipice of transformation, driven by a confluence of influential factors propelling its growth. Key among these are the surging demand for bio-based products, continuous advancements in bioprocessing techniques, and the pioneering development of novel microbial strains for the production of high-value compounds. These factors are ushering in an era of innovation and unrivaled opportunities within the industry.

While the microbial fermentation technology landscape offers immense potential for growth and groundbreaking innovations, it is not without its set of challenges. These challenges encompass limited access to crucial raw materials, formidable regulatory barriers, and substantial production costs. Nevertheless, forward-thinking companies within the sector are harnessing innovative strategies, such as circular economy approaches and strategic partnerships, to navigate and surmount these obstacles, setting the stage for success within this dynamic and evolving industry.

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Despite the growth prospects of the microbial fermentation technology industry, several challenges hinder its growth. One of the major restraints is the high cost associated with research and development activities. Moreover, stringent regulations imposed by various regulatory bodies on the use of microbial fermentation technology pose a significant challenge to the growth of the industry.

The global microbial fermentation technology industry offers immense opportunities for new entrants and existing players in the market. The growing demand for biopharmaceutical products, the increasing adoption of microbial fermentation technology in the food and beverage industry, and the rising trend toward the production of biologics and biosimilars provide numerous growth opportunities for the industry.

The global microbial fermentation technology industry is witnessing several emerging trends that are shaping its growth trajectory. One of the key trends is the increasing adoption of single-use bioreactor systems, which are more cost-effective and flexible than traditional stainless-steel bioreactors.

Another trend is the growing use of artificial intelligence and machine learning in the microbial fermentation process, which helps in optimizing the fermentation process and reducing costs. In addition, the industry is also witnessing a trend toward the production of microbial-based biofuels and renewable chemicals, which offer a sustainable alternative to fossil-based products.

Key Takeaways from the Global Microbial Fermentation Technology Industry:

The United States is predicted to dominate the market, with a market share of over 30% during the forecast period.
Germany is predicted to have a market share of roughly 20% over the forecast period.
China is expected to develop significantly, with a market share of over 25% during the projection period.
Throughout the projected period, Japan’s microbial fermentation technology industry is expected to hold a 10% share.
In 2023, the recombinant proteins segment is estimated to account for 33% of the microbial fermentation technology market.
In 2023, bio-pharmaceutical companies are estimated to have a 41% share of the microbial fermentation technology market.

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How the Global Microbial Fermentation Technology Industry is Shaping Up: A Comprehensive Analysis of Key Players, Market Trends, and Investment Opportunities

The global microbial fermentation technology industry is highly competitive, with key players investing heavily in research and development to maintain their market position. Leading players in the industry include Lonza, Thermo Fisher Scientific, Merck KGaA, Bio-Rad Laboratories, and Sartorius AG.

Despite the stiff competition, the market is experiencing steady growth due to the increasing demand for microbial fermentation technology in various industries such as pharmaceuticals, food and beverages, and agriculture. The rise of biologics and biosimilars, along with the growing preference for sustainable production processes, is also fueling the growth of the industry.

However, the industry faces several challenges, such as regulatory hurdles, high costs of development and production, and limited technical expertise. New entrants into the market need to overcome these challenges and differentiate themselves by offering innovative solutions and cost-effective processes.

Investment opportunities in the global microbial fermentation technology industry are vast, with increasing demand from emerging economies and the expanding applications of the technology. Partnerships and collaborations among key players are also on the rise, with companies leveraging each other’s expertise to bring innovative solutions to the market.

Key Developments in the Global Microbial Fermentation Technology Industry:

BIOVECTRA and ABEC established cooperation in September 2021, with ABEC providing CSR single-use microbial fermentation technology to increase BIOVECTRA’s manufacturing capacity.
Cargill, Genomatica, and Cyclone Engineering partnered on a project to scale up bioreactor fermentation operations in September 2022.
In November 2021, Lonza intended to invest more than $1 billion in expanding its microbial manufacturing capacity in Visp, Switzerland.

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Global Microbial Fermentation Technology Industry by Category

By Application:

Antibiotics
Probiotics Supplements
Monoclonal Antibodies
Recombinant Proteins
Biosimilars
Vaccines
Enzymes
Small Molecules
Others

By End User:

Bio-Pharmaceutical Companies
Contract Research Organizations (CROs)
CMOs & CDMOs
Academic & Research Institutes

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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

Global Short-read Sequencing Industry Aims for US$34.4 Billion Market with 18.46% CAGR | Reports FMI

The Global Short-Read Sequencing Industry is poised for extraordinary expansion, with a forecasted value of $6.32 billion in 2023, expected to surge to an impressive $34.4 billion by 2033. This remarkable growth reflects a substantial Compound Annual Growth Rate (CAGR) of 18.46% in short-read sequencing sales during the projected period.

The Global Short-read Sequencing Industry is witnessing notable expansion, encompassing cutting-edge technologies and services that facilitate high-throughput sequencing of DNA or RNA fragments. Short-read sequencing technologies can generate millions or billions of short DNA or RNA reads, with typical lengths ranging from 50 to 300 base pairs.

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Several key factors are driving the Global Short-read Sequencing Industry, including rising demand for genomic analysis in clinical diagnostics, personalized medicine, drug discovery, and agriculture. The growing demand for and use of cancer therapeutics has accelerated the adoption of short-read technologies for companion diagnostics. Short-read sequencing is a quick way to detect genetic abnormalities.

Since short-read platforms can measure multiple biomarkers and map genomic sequences in a single test, these methods are considered ideal for targeted therapies and precision medicine. Technological advancements, such as the development of high-throughput sequencing platforms and the increased use of cloud computing and big data analytics, are also fueling the market growth further.

Key Takeaways from the Global Short-read Sequencing Industry

By 2030, the services segment is expected to be the growing in the short-read sequencing industry. Between 2023 and 2030, it is expected to hold a CAGR of 21.96%. Key players offer a diverse range of next-generation short-read sequencing services, bolstering the research and development portfolio.
North America is expected to have the prominent revenue share in the Global Short-read Sequencing Industry, with 49.77%. This can be attributed to the region’s high cancer prevalence and a supportive regulatory environment, among other factors. The region’s sophisticated healthcare infrastructure and programs are expected to aid in the growth of the market.
In 2022, the sequencing segment held a strong market share of 56.64% in the workflow segment. The high penetration of market participants in this step of the workflow contributes to the step’s revenue generation. Due to market competition, novel and portable platforms that can easily sequence DNA have been introduced.
The academic & research institutes segment accounted for the controllable market share of 48.67% in 2022 due to an increase in research infrastructure and a surge in the development of healthcare facilities. This factor contributes greatly to driving the segment to dominate the end-user segment.
China is expected to record a CAGR of 9.3% between 2023 and 2023. Regional players are expanding their presence in the global short-read sequencing industry. China is growing more prominently in terms of capacity expansion than the leading Western markets.

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Global Short-read Sequencing Industry Competitive Landscape:

The high demand for short-read sequencing for a variety of applications has created numerous market opportunities for the key players. To increase their market share, key players engage in strategic initiatives such as mergers, acquisitions, and collaborations.

Global Short-read Sequencing Industry Latest Developments:

Hoffman La Roche Ltd. acquired Stratos Genomics, an early-stage sequencing technology company, to advance the development of Roche’s nanopore sequencer in May 2020.
Agilent Technologies introduced a new product in January 2020 to address key challenges laboratories face when preparing DNA sequencing libraries for research. The new Agilent SureSelect XT HS2 DNA Kit represents the cutting-edge in library preparation and target enrichment, providing researchers with a comprehensive solution to select the workflow options that best suit their needs.

Key Companies Profiled

Illumina, Inc.; Thermo Fisher Scientific, Inc.; Pacific Biosciences of California, Inc.; BGI; QIAGEN; Agilent Technologies; PerkinElmer, Inc.; ProPhase Labs, Inc. (Nebula Genomics); Psomagen; Azenta US, Inc. (GENEWIZ)

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Key Segments Covered in the Global Short-read Sequencing Industry Report

Product Outlook:

Instruments
Consumables
Services

Workflow Outlook:

Pre-Sequencing
Sequencing
Data Analysis

Application Outlook:

Whole Genome Sequencing
Whole Exome Sequencing
Targeted Sequencing & Resequencing
- DNA-based
- RNA-based
Others

End-use Outlook:

Academic & Research Institutes
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others

By Region:

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

Author

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

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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

Global CO2 Medical Laser Systems Industry Poised for a Stellar 10% CAGR, Envisioning a Surge Beyond US$ 1.4 Billion by 2033 – FMI Unveils

The global CO2 Medical Laser Systems Industry is rapidly expanding and is projected to reach an impressive valuation of US$ 550.01 million in 2023. With a remarkable 10% compound annual growth rate (CAGR), the market is anticipated to hit a substantial US$ 1,426.59 million by the close of 2033.

This extraordinary growth in the demand for Global CO2 Medical Laser Systems Industry can be attributed to several key factors:

Technological Advancements: Advancements in laser technology have paved the way for more effective and versatile medical treatments.
Increased Adoption for Aesthetic Procedures: The growing popularity of laser treatments for aesthetic procedures is driving the market, offering patients innovative solutions for skin rejuvenation and enhancement.
Surging Demand for Tattoo Removal: The increasing demand for tattoo removal services is bolstering the use of CO2 medical laser systems.
Rising Adoption by Veterinary Care Providers: Veterinary care providers are increasingly turning to laser systems for improved diagnosis and treatment.
Prevalence of Chronic Diseases: The rise in chronic diseases, such as cancer, urological disorders, stroke, neurovascular diseases, and cardiovascular disorders, is fueling the demand for advanced medical laser systems.

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According to the World Health Organization (WHO), non-communicable diseases are responsible for approximately 74% of global deaths, totaling around 40 million people worldwide. Unhealthy lifestyle-related conditions, including high blood pressure, obesity, and diabetes, contribute to the growing incidence of non-communicable diseases. Notably, in 2021, cardiovascular diseases accounted for 17 million fatalities, constituting 32% of the global death rate, with 85% of these deaths attributed to strokes and heart attacks.

The CO2 Medical Laser Systems Market is in the midst of a dynamic transformation, and its future looks promising as it continues to make significant contributions to the healthcare industry worldwide. For more information and in-depth insights, please contact our expert team.

Some key growth drivers for the Global CO2 Medical Laser Systems Industry include:

Cost savings and additional benefits to patients
improved healthcare
cutting-edge technologies
sophisticated devices
Breakthrough medicines
Individualized care

In addition, medical tourism is becoming increasingly popular, with people traveling to different countries for better treatment at affordable prices. Cosmetic surgery is a popular choice in medical tourism. Destinations such as Brazil, Japan, Italy, Mexico, Russia, India, Turkey, Germany, and France are the top choices for individuals seeking such procedures.

Global CO2 Medical Laser Systems Industry Key Takeaways

The increasing demand for non-invasive and minimally invasive procedures is a key driver of market growth.
The dermatology segment dominates the market due to the rising demand for esthetic procedures and products.
The veterinary segment is expected to exhibit the fastest growth due to the increasing adoption of laser systems by veterinary care providers.
The Asia Pacific region is anticipated to witness significant growth in the CO2 medical laser systems market due to the increase in aesthetic clinics and rising disposable income.

However, the high cost of CO2 medical laser systems and the availability of alternative treatment options may restrain the market growth.

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Global CO2 Medical Laser Systems Industry Competitive Landscape

Global manufacturers of medical laser systems are ramping up their production processes and introducing cost-effective solutions to meet the rising demand for these systems. Leading companies are also focusing on improving the quality of their products to cater to various CO2 medical laser system applications.

Alma Lasers, for example, recently launched the Alma PrimeX. It is a non-invasive platform for skin tightening and body contouring. While Candela introduced the Frax Pro System for dual-depth skin resurfacing. These efforts to enhance product quality and expand product portfolios are driving the demand for CO2 medical laser systems.

Global CO2 Medical Laser Systems Industry Key players:

LightScalpel
Limmer Laser GmbH
Boston Scientific Corp.
Herdeks
Alma Lasers
Bison Medical
DEKA M.E.L.A. srl
Cutting Edge Laser Technologies
Lynton Laser Ltd.

Global CO2 Medical Laser Systems Industry Recent Developments

DEKA M.E.L.A. srl won the AGAIN laser award for Best Lasers, Lights, and Energy-based Devices at the AMWC (Aesthetic and Anti-Aging Medicine World Congress) in Monte Carlo in 2022. For vascular conditions, hair removal, nonablative photorejuvenation, superficial pigmented lesions, and onychomycosis, the AGAIN laser is a top choice.

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Global CO2 Medical Laser Systems Industry Key Segments

CO2 Medical Laser Systems Industry by Application:

CO2 Medical Laser Systems Industry for Dermatology
CO2 Medical Laser Systems Industry for Ophthalmology
CO2 Medical Laser Systems Industry for Gynecology
CO2 Medical Laser Systems Industry for Urology
CO2 Medical Laser Systems Industry for Dentistry
CO2 Medical Laser Systems Industry for Cardiovascular
CO2 Medical Laser Systems Industry for ENT

CO2 Medical Laser Systems Industry by End User:

CO2 Medical Laser Systems Industry in Hospitals
- CO2 Medical Laser Systems Industry in Outpatient Facilities
- CO2 Medical Laser Systems Industry in Specialty Clinics
CO2 Medical Laser Systems Industry in Ambulatory Surgical Centers
- CO2 Medical Laser Systems Industry in Research & Manufacturing
- CO2 Medical Laser Systems Industry in Research Institutes
- CO2 Medical Laser Systems Industry in Academic Institutes

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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

Global Veterinary Video Endoscopy Industry Maps Out a US$613.8 Million Journey, Averaging 8.7% CAGR by 2033 | Reports FMI

In a pivotal development for the Global Veterinary Video Endoscopy Industry, a comprehensive analysis report has unveiled a remarkable forecast, predicting an impressive valuation of approximately US$266.5 million by the year 2023. What adds to the significance of this projection is the expected Compound Annual Growth Rate (CAGR) of 8.7%, marking a substantial leap forward compared to historical growth rates.

Envisioning a thriving future for the industry, experts anticipate a monumental net worth of US$613.8 million by the conclusion of the forecast period in 2033.

This surge in valuation is attributed to the escalating occurrence of animal diseases and the widening spectrum of treatment options available within the veterinary endoscopy market. The market’s accelerated expansion is further fueled by the burgeoning trend of pet or companion animal ownership, observed in both advanced and developing economies.

This exceptional growth trajectory showcases the Global Veterinary Video Endoscopy Industry as a dynamic and promising sector, promising numerous opportunities and breakthroughs in the years to come.

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The pandemic had a significant impact on veterinary endoscope sales, causing low demand for veterinary endoscopes in 2020-21. It was primarily caused by supply chain issues, postponed or canceled veterinary procedures, reduced veterinary visits, and movement restrictions.

Key Takeaways from the Global Veterinary Video Endoscopy Industry Study Report

The United States contributed up to 35% of the revenue generated by veterinary video endoscopy services globally. Furthermore, along with the implementation of insurance policies for pet animals, its share is anticipated to strengthen further.
The increasing pet population and health concerns are expected to drive the adoption of veterinary endoscopes in Asia.
Among applications, veterinary video endoscopy for diagnostic purposes is projected to contribute to higher revenue than other segments. This segment is expected to grow at a CAGR of 8.2% until the end of the forecast years.
Revenue through veterinary video endoscopy for small animals segment is expected to grow at a CAGR of 8.2% through 2033.
The veterinary video endoscope by flexible endoscopes is projected to witness some significant growth in the next ten years. In contrast, the rigid endoscopes segment held the second spot in the analysis report in terms of year-on-year growth through 2033.
Due to the advancement and availability of many minimally invasive surgical procedures, surgical endoscopy popularity is growing these days.

Competitive Landscape for the Global Veterinary Video Endoscopy Industry Players

The emergence of many big and small veterinary video endoscopy service providers has made the market fragmented in the last few years. To grow their coverage, market participants are concentrating on putting strategic initiatives into practice such as product development, and portfolio expansion.

Apollo Endosurgery, Inc. is a leader in the field of minimally invasive gastrointestinal and bariatric surgical instruments. Zhuhai Seesheen Medical Technology Co., Ltd., for example, is a Chinese firm that supplies and markets medical endoscopes globally. It also designs and develops endoscopes for veterinary bronchoscopy, rhinolaryngoscopy, and ureteroscopy which are popular products from this company.

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Recent Developments by the Global Veterinary Video Endoscopy Industry

In July 2020, eKuore updated the eKuore Vet app to successfully coordinate its selection of veterinary gadgets, including heart monitors, and digital otoscopes. Steris’ is a flagship wireless veterinary video endoscope system developed by this Company which is called the Endo-i system.
OmniVision Company unveiled a novel image sensor for both disposable and reusable endoscopes named OH02B in November 2022. This new device has a 2 MP resolution which is expected to increase the market competitiveness of the market.

Global Veterinary Video Endoscopy Industry Key Companies Profiled:

Steris
MDS Incorporated
Firefly Global
eKuore
KARL STORZ SE & Co. KG
Advanced Monitors Corporation
Dr. Fritz Endoscopes GmbH
Zhuhai Seesheen Medical Technology Co., Ltd.
Biovision Veterinary Endoscopy, LLC
Eickemeyer

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Key Segments in Global Veterinary Video Endoscopy Industry Analysis Report

Global Veterinary Video Endoscopy Industry by Solutions:

Veterinary Video Endoscopy Equipment
Veterinary Video Endoscopy Accessories or Consumables
Veterinary Video Endoscopy PACs
Other Solutions

Global Veterinary Video Endoscopy Industry by Product Type:

Veterinary Video Endoscopy by Flexible Endoscopes
Veterinary Video Endoscopy by Rigid Endoscopes
Veterinary Video Endoscopy by Capsule Endoscopes
Veterinary Video Endoscopy by Robot-assisted Endoscopes
Veterinary Video Endoscopy by Other Products

Global Veterinary Video Endoscopy Industry by Animal Type:

Veterinary Video Endoscopy for Big Animals
Veterinary Video Endoscopy for Small Animals
Veterinary Video Endoscopy for Companion Animals
Veterinary Video Endoscopy for Livestock Animals
Veterinary Video Endoscopy for Other Animals

Global Veterinary Video Endoscopy Industry by Application:

Veterinary Video Endoscopy for Diagnostic Applications
Veterinary Video Endoscopy for Surgical or Interventional Applications

Global Veterinary Video Endoscopy Industry by Procedure:

Veterinary Video Gastroduodenoscopy
Veterinary Video Colonoscopy
Veterinary Video Bronchoscopy
Veterinary Video Male Urethrocystoscopy
Veterinary Video Tracheoscopy
Veterinary Video Laparoscopy
Veterinary Video Otoscopy
Veterinary Video Rhinoscopy
Veterinary Video Thoracoscopy
Veterinary Video Arthroscopy
Other Veterinary Video Endoscopy procedures

Global Veterinary Video Endoscopy Industry by End-users:

Video Endoscopy at Veterinary Clinics
Video Endoscopy at Veterinary Hospital
Veterinary Video Endoscopy at Academic Institutes
Veterinary Video Endoscopy at Other End-users

Global Veterinary Video Endoscopy Industry by Region:

Veterinary Video Endoscopy Industry in North America Market
Veterinary Video Endoscopy Industry in Latin America Market
Veterinary Video Endoscopy Industry in Europe Market
Veterinary Video Endoscopy Industry in East Asia Market
Veterinary Video Endoscopy Industry in South Asia and Pacific Market
Veterinary Video Endoscopy Industry in the Middle East and Africa (MEA) Market

Author

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Global Stable Angina Management Industry Eyes US$ 25.1 Billion Milestone, Fueled by 8.6% CAGR through 2033 | FMI

Future Market Insights, a leading market research firm, has released a comprehensive report projecting significant growth in the Global Stable Angina Management Industry. According to their findings, the market is anticipated to expand at an impressive Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period from 2023 to 2033.

Stable angina, a prevalent symptom of coronary artery disease, manifests as chest pain when the heart muscle doesn’t receive adequate blood flow and oxygen due to arterial plaque buildup. The newly published report sheds light on the increasing prevalence of stable angina and highlights the management strategies that are driving market growth.

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The hospital pharmacies segment is expected to account for the largest share of the distribution channel segment. Hospital pharmacies have access to a wide range of stable angina management products and services, and they are well-equipped to handle complex patient cases. Moreover, the hospital pharmacies segment is expected to grow due to the increasing number of hospital admissions for cardiovascular diseases.

North America is the largest market for stable angina management, followed by Europe and Asia-Pacific. North America has a high prevalence of cardiovascular diseases, including stable angina, which is expected to drive the demand for stable angina management products and services in the region. In addition, the region is at the forefront of technological advancements in the healthcare sector.

In conclusion, the global stable angina management market is experiencing significant growth, driven by the rising prevalence of cardiovascular diseases and technological advancements in the healthcare sector. The market is expected to continue to grow in the coming years, presenting significant opportunities for stakeholders in the market. However, to realize these opportunities, stakeholders must overcome the challenges facing the market and develop innovative products and services that meet the evolving needs of patients with stable angina.

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Key Takeaways from the Global Stable Angina Management Industry Study

From 2018 to 2022, the Stable Angina Management market grew at a CAGR of 5.2%.
The Global Stable Angina Management Industry is expected to grow with an 8.6% CAGR from 2023 to 2033.
As of 2033, the Stable Angina Management Market is expected to reach US$ 25.1 Billion.
According to the FMI analysis, the hospital pharmacies segment accounts for the largest market share.
North America is expected to possess 40% market share for the Stable Angina Management market.
The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Stable Angina Management.” says an FMI analyst

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Global Stable Angina Management Industry Competition

Key players in the market include companies such as Competition Deep Dive, Abbott, AstraZeneca, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd, ALLERGAN, Gilead Sciences, Inc., GlaxoSmithKline plc., Novartis AG, Pfizer Inc. along with healthcare providers and technology companies among other global players.

In Early 2022, Health Canada granted approval for Corzyna as an additional therapy for patients suffering from stable angina who do not respond well to or cannot tolerate first-line therapies. Corzyna is considered a second-line therapy and is more expensive than the current treatment options for angina, with an annual cost of $2,555. This medication is recommended to be placed under Special Authorization for ClaimSecure groups subscribing to Managed Plans to ensure it is reserved for patients who have tried or are intolerant to more cost-effective options, while it will be fully covered for groups subscribing to Open Formularies.

Corzyna is a new medication that has been found to decrease the occurrence of angina attacks when used with first-line agents like beta-blockers and calcium channel blockers, as compared to the use of first-line therapies alone. In addition, for those who are intolerant to first-line therapy, Corzyna can be added to lower the dose of first-line therapy, thereby reducing the risk of undesirable side effects such as low blood pressure or heart rate.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Stable Angina Management market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights based on Drug class, End-User, & Region.

Key Segments Profiled in the Global Stable Angina Management Industry Survey

Drug Class:

Beta Blockers
Calcium Antagonists
Anti-coagulants
Antiplatelets

Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Region:

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

Author

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

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Bariatric Beds Industry Expected to Achieve US$497.92 Million by 2033, Propelled by a Solid 5.3% Compound Annual Growth | FMI

The Global Bariatric Beds Industry is on the verge of a transformative journey, with a projected market value of US$497.92 million by 2033, reflecting a substantial surge from its 2023 valuation of US$297.08 million. This growth trajectory is underlined by a compelling Compound Annual Growth Rate (CAGR) of 5.3% over the ten years from 2023 to 2033.

The driving force behind this remarkable expansion is the escalating global prevalence of obesity, positioning bariatric beds as a pivotal element in the modern healthcare infrastructure. A confluence of factors is expected to contribute to this robust growth, including the burgeoning elderly population, the increasing burden of diseases, and the pronounced unmet medical needs, particularly in developing and low-growth economies.

Notably, heightened investments in both public and private healthcare sectors, with a focus on augmenting the bed-to-patient ratio, are set to play a pivotal role in propelling the market to new heights. These strategic initiatives underscore the industry’s commitment to addressing the dynamic healthcare landscape and ensuring that patients worldwide receive optimal care.

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The Global Bariatric Beds Industry’s upward trajectory is a testament to the industry’s dedication to enhancing patient comfort and care. It is poised to deliver innovative solutions that cater to the diverse needs of an ever-expanding global population.

It is worth noting that bariatrics is a branch of medicine that focuses on the treatment of individuals who are overweight or obese. The diagnosis and treatment of bariatric patients involve assessing their weight and body mass index (BMI), as well as other health risks associated with excess weight. As the global population continues to struggle with obesity, the demand for specialized bariatric care and equipment, such as bariatric beds, is likely to increase.

Numerous manufacturers are focused on technological advancements to assist market expansion, such as adjustable side railings, automatic height adjustability, fiber-made body, lightness, and multi-storage facilities. Furthermore, current improvements in bariatric beds include easy and lockable movement of the bed wheels, elevation-enabled beds that can be adjusted in height, and adjustable side rails.

The short hospital stay shifts the emphasis to home healthcare. Additionally, the increased demand for home healthcare for post-surgical recovery and other long-term conditions is likely to assist in reducing patient stay length. This strategy decreases all the issues that hospitals face in inpatient management while also drastically lowering the cost to the patient. As a result of the shift in emphasis toward home care, the procurement of bariatric beds is increasing, which is likely to drive market expansion

The rising demand for home healthcare services is likely to propel market expansion. According to claims filed with the Ohio Bureau of Workers’ Compensation (OBWC) in 2021, the average total cost per claim for home nursing assistants was around USD 15,000. In addition, shoulder injuries among home health care aides had the high average total claim costs (USD 20,600/injury) of any occupation, setting, or body area combination, which is expected to fuel market growth.

The growing population aged 60 and over with lower immunity levels is a significant driver of bariatric beds market growth throughout the forecast period. This demographic is expected to receive the effective available therapies to live long. As a result, an increase in the elderly population base is expected to drive market growth.

Key Points from the Global Bariatric Beds Industry

The market is expected to surpass US$ 497.92 million by 2033.
Growing demand for home healthcare services, the rising number of operations, and the increasing incidence of obesity are key drivers fueling market expansion.
Global Bariatric Beds Industry is expected to capture a CAGR of 5.3% during the forecast period 2023 to 2033.
North America dominated the bariatric beds market.

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Key Developments in the Global Bariatric Beds Industry:

October 2018 – Benmor Medical launched the Aurum+ Bariatric Bed to provide clinical benefits and safety to patients.
October 2018 – Joerns Healthcare announced the launch of Joerns BCX Bariatric Care, a fully adjustable bariatric bed for patients.
February 2018 – Alerta has announced the launch of Alerta Bariatric, a pressure-relieving mattress designed specifically for bariatric patients.
January 2022 – Titan SGS by Standard Bariatrics, Inc. has completed 1,000 clinical case uses as of. Titan SGS surgical stapler technology’s anatomy-based approach in bariatric surgery benefits patients.
July 2021 – The Food and Drug Administration gave Apollo Endosurgery de novo approval to commercialize its Apollo ESG and Apollo REVISE endoscopic systems for the treatment of obese patients.
February 2021 – In collaboration with the Bariatric Centers of Kansas City, Carrum Health expanded weight loss surgery choices in the Midwest (BCKC). The center has performed over 17,000 procedures, and the collaboration helps improve people’s lives by increasing access to high-quality bariatric surgery.

Some Prominent Companies in the Global Bariatric Beds Industry include

Invacare Corporation
Hill-Rom holdings
Stryker
Arjo
Drive DeVilbiss Healthcare
Gf Health Products
Zhangjiagang Medi
Cobi Rehab
Alerta
Rotec International

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Global Bariatric Beds Industry Key Segment

Global Bariatric Beds Industry by Weight Capacity:

Bariatric Beds Market in 500-700 lbs
Global Bariatric Beds Industry in 700-1000 lbs
Bariatric Beds Market in >1000 lbs

Global Bariatric Beds Industry by End Use:

Global Bariatric Beds Industry for Hospitals
Global Bariatric Beds Industry for Nursing Homes

Author

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

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Pet DNA Testing Industry Set for a Remarkable CAGR of 9.1%, Aiming for US$ 839.84 Million Market Share by 2033 | FMI

The Global Pet DNA Testing Industry is anticipated to expand its roots at a steady CAGR of 9.1% between 2023 and 2033. The market is anticipated to cross a market share of US$ 839.84 million by 2033 while it is likely to be valued at US$ 351.52 million in 2023.

Increased adoption of dogs and cats post-pandemic along with people treating their pets as family members is fueling the demand for pet DNA testing solutions. Furthermore, the higher veterinary budget is also expanding the research and development facilities.
Expanding breeding businesses and end users buying dogs of foreign breeds. Moreover, conducting breed origin tests is also fueling the demand for pet DNA tests. Apart from the breed identification possible genetic threats could also be found through the test.
The integration of veterinary technology with the digitization of veterinary healthcare along with dog breed tests.
People are curious to know more about their pets, ancestral history, and characteristics. These details optimize their diet regime and exercise which fuels the sales of pet DNA tests.

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Global Pet DNA Testing Industry Key Points

The United States market leads the pet DNA testing market in terms of market share in North America. The North American market held a market share of 35.0% in 2022. The market growth is attributed to the increase in pet care units and pet humanization.
The United Kingdom pet DNA testing market is another significant market from the European region. Regional growth is attributed to government efforts and, advancements in pet genetics technology.
The Chinap pet DNA testing market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is owed to increased pet adoption, advanced DNA testing, and expanding breeding business.
By test type, the genetic diseases segment held a share of 35.0% in 2022. This is due to the increased amount of information and potential health threats.

Global Pet DNA Testing Industry Competitive Landscape

The key vendors work on producing pet DNA testing solutions with higher accuracy, small diagnostics time, and affordable pricing. The market players also focus on creating easy-to-use products. Key competitors are indulged in mergers, acquisitions, and partnerships to increase their supply chain and distribution channel. The key players in the market are Wisdom Panel (Mars, Inc.); Embark Veterinary, Inc.; Dognomics (Clinomics); Basepaws, Inc. (Zoetis); and NeoGen Corp.

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Recent Market Developments in the Global Pet DNA Testing Industry

Wisdom panel introduced a `wisdom panel dog DNA test for breed detection. The test delivers information such as the dog’s color, strength, energy, and fur.
Embark Veterinary launched tests involving breed identification, health and wellness tests, and faster test results.
Dognomics dog DNA tests have eased their testing procedures with three simple steps: sign up, swab, and send. While swabbing takes 5-10 secs, the company has free shipping in the United States.

Global Pet DNA Testing Industry Key Players

DNA MY DOG (Canadian Dog Group Ltd.)
Basepaws, Inc. (Zoetis)
Neogen Corp.
GenSolDiagnostics, LLC
FidoCure (OHC)
PetDx
Wisdom Panel (Mars, Inc.)
Orivet Genetic Pet Care Ltd.
Embark Veterinary, Inc.
Dognomics (Clinomics)

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Global Pet DNA Testing Industry Segmentation

Animal Type Outlook:

Dogs
Cats

Sample Type Outlook:

Blood
Saliva
Semen
Others

Test Type Outlook:

Breed Profile
Genetic Diseases
Health & Wellness

End User Outlook:

Pet Owners
Breeders
Veterinarians

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Rest of Middle East and Africa

Author

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)

Contact Us:

Nandini Singh Sawlani

Scintillator Detectors Market to Surpass $460.4 Million by 2033: Robust Growth Fueled by 7.0% CAGR

According to a Future Market Insights (FMI) report, the scintillator detectors market is poised for substantial growth, with an anticipated value of US$ 233.9 Million in 2023, projected to surge to US$ 460.4 Million by 2033. This robust expansion reflects a remarkable compound annual growth rate (CAGR) of 7.0% throughout the forecast period, highlighting the thriving sales of scintillator detectors.

The scintillator detectors market is a dynamic and significantly evolving industry that plays a crucial role in detecting and measuring ionizing radiation. These are the devices that convert incident radiation into visible light, allowing for accurate and efficient radiation detection. They find extensive applications in various sectors, including healthcare, nuclear power plants, security and defense, research, and high-energy physics experiments.

The market for scintillator detectors has experienced significant growth due to the rising demand for advanced medical imaging technologies, increasing concerns about radiation safety and security, and the expansion of nuclear power infrastructure.

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As technological advancements continue to drive innovation in scintillator materials and detection systems, scintillator detectors’ efficiency, sensitivity, and cost-effectiveness have improved significantly.

China’s market for scintillator detectors is projected to reach US$ 91 Million by 2033, with a significant CAGR of 7.0% from 2023 to 2033. Growing focus on radiation safety, adoption of advanced medical imaging, and expanding applications in homeland security and industrial safety are driving market growth.

The United States market in scintillator detectors is expected to reach US$ 81.5 Million by 2033, showing substantial growth with an absolute dollar increase of US$ 39.8 Million during the forecast period. Moreover, advancements in scintillator technology and increasing demand in healthcare, security, and industrial sectors contribute to market expansion.

The United Kingdom market in scintillator detectors is projected to witness consistent growth with a CAGR of 6.8% during the forecast period. Advancements in scintillator technology, and applications in healthcare, research, security, and industrial sectors, along with a focus on radiation safety, contribute to market growth.

Portable scintillator detectors are experiencing significant growth with a CAGR of 6.9% within the industry. They find applications in healthcare, environmental monitoring, security, and radiation safety. Further, advancements in scintillator materials and miniaturization contribute to their popularity.

The healthcare sector observes a notable 6.8% growth in scintillator detectors’ adoption. Detectors play a crucial role in medical imaging, enabling accurate disease visualization and diagnostics. Additionally, increasing healthcare needs and ongoing research contribute to market growth.

Innovations in the Market:

Eljen Technology announced the launch of a new product line of scintillation materials for the detection of ionizing radiation, notably plastic scintillators, in 2016. These have a polyvinyl toluene basis and emit fluorescent light. They provide plastics with a variety of qualities to serve numerous applications and are capable of producing them in small or big quantities to meet all requirements.

In 2020, Hamamatsu Photonics K.K. bought Toshiba Medical Technologies Corporation’s PET division. Toshiba Medical Systems Corporation is a producer of medical imaging technologies. The acquisition was made with the intention of boosting Hamamatsu Photonics’ product portfolio in the positron emission tomography (PET) sector.

Hitachi Metals, Ltd. announced a collaboration with Saint-Gobain S.A. in 2020 to produce and distribute inorganic scintillators. The joint venture aims to produce market-leading solutions by combining Hitachi Metals’ expertise in material science with Saint-Gobain’s knowledge in scintillator technology.

Key Companies Profiled:

Dynasil Corporation of America
Hamamatsu Photonics K.K.
Hitachi Metals Group
Detec
Rexon Components, Inc.
Saint-Gobain S.A.
Scintacor
Toshiba Materials Co., Ltd.
EPIC Crystal Co., Ltd.
Amcrys
Shanghai Siccas High Technology Corporation
Alpha Spectra, Inc.
Nihon Kessho Kogaku Co.

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Market Segments Covered:

By Product Type:

Pocket Size Instruments
Hand-Held instruments
Fixed
Installed
Automatic Instruments

By Application:

Healthcare
Industry & Manufacturing
Defense
Others

By Region:

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

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)

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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