Global Endoscopic Vessel Harvesting System Industry Charts Course for US$ 746.1 Million Market, Projecting 3.7% CAGR by 2033

The Global Endoscopic Vessel Harvesting System Industry, ‘s latest projections reveal a compelling forecast of reaching US$ 746.1 million by 2033. This projection reflects a robust Compound Annual Growth Rate (CAGR) of 3.7%, showcasing the industry’s substantial growth potential.

The market, currently valued at US$ 520.4 million in 2023, is anticipated to experience a remarkable ascent, fueled by the escalating prevalence of cardiovascular disease globally. The demand for endoscopic vessel harvesting systems has witnessed a noteworthy uptick, attributed to constant innovation and technological advancement within the sector.

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The endoscopic vessel harvesting devices market has opened up new opportunities for companies in the field of coronary artery bypass grafting (CABG).

Endoscopic vessel harvesting systems are experiencing an unprecedented surge in usage as a result of the preference for minimally invasive surgical procedures, as well as the growing healthcare sector and rising geriatric population in emerging economies, driving the market’s overall growth. As a result, the Global Endoscopic Vessel Harvesting System Industry is expected to grow significantly during the forecast period.

Coronary artery bypass graft surgery (CABG) is a procedure that restores blood supply to the heart muscle after one or more coronary arteries have been blocked or narrowed. Traditionally, the harvesting procedure used open vein harvesting (OVH), which required a single continuous skin incision. With recent technological advancements, the process is less invasive by endoscopic vessel harvesting (EVH). This technique reduces leg wound morbidity due to small incisions compared to open vein harvesting.

Some major companies in the Global Endoscopic Vessel Harvesting System Industry are Maquet Holding B.V. & Co. KG., OLYMPUS CORPORATION, Terumo Cardiovascular Systems Corporation., Med Europe S.r.l. (Elite Life Care), Sorin Group Inc., Saphena Medical, Inc, and Terumo Cardiovascular Systems Corporation.

  • Endoscopic vessel harvesting system Market Segments
  • Global Endoscopic Vessel Harvesting System Industry Dynamics
  • Endoscopic Vessel Harvesting System Market Size & Forecast 2022 to 2032
  • Global Endoscopic Vessel Harvesting System Industry Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Global Endoscopic Vessel Harvesting System Industry Drivers and Restraints

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Global Endoscopic Vessel Harvesting System Industry

The Global Endoscopic Vessel Harvesting System Industry is segmented based on product type and regional presence:

Segmentation based on product type

  • Disposable
  • Reusable

Geographically the Global Endoscopic Vessel Harvesting System Industry is segmented into five key regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA region

The Asia Pacific endoscopic vessel harvesting system market is expected to grow rapidly as per capita income in Asian countries rises and the medical tourism industry expands. China is expected to be the fastest-growing market for endoscopic vessel harvesting systems due to increased public access to healthcare professionals and an expanding economy.

Key Segments in the Global Endoscopic Vessel Harvesting System Industry

Segmentation based on Product Type:

  • Disposable
  • Reusable

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Author

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

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

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Global Functional Electrical Stimulation Industry on Track for 4.1% CAGR, Targeting US$ 931.4 Million Valuation by 2033 | FMI

In a groundbreaking projection, the Global Functional Electrical Stimulation Industry is anticipated to witness remarkable growth, soaring from a valuation of US$ 620.9 million in 2023 to an impressive US$ 931.4 million by 2033, marking a robust Compound Annual Growth Rate (CAGR) of 4.1%.

This ambitious forecast, unveiled by industry experts, underscores the sector’s potential for significant expansion over the next decade. The driving force behind this surge is intricately linked to the escalating incidences of spinal cord injuries, positioning functional electrical stimulation as a pivotal player in the rehabilitation and healthcare landscape.

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What is Driving the Demand for Functional Electrical Stimulation?

The Functional Electrical Stimulation market is experiencing growth due to several factors, including the increasing incidence of musculoskeletal disorders, advancements in medical technology, the rising importance of pain management therapies across various fields of medicine, and the growing number of physiotherapists using muscle stimulators to alleviate pain, discomfort, restore muscle tone, and rehabilitate different parts of the body.

In addition, an unhealthy diet, lack of physical activity, and exercise are contributing to the demand for Functional Electrical Stimulation.

As the prevalence of musculoskeletal disorders continues to rise globally, driven by unhealthy lifestyles and habits, the demand for Functional Electrical Stimulation is expected to increase significantly. According to data from the World Health Organization in February 2021, approximately 1.71 billion people worldwide are affected by musculoskeletal conditions, with low back pain being the most prevalent and affecting 568 million individuals worldwide.

US and Canada Functional Electrical Stimulation Market Outlook

Obesity is associated with nervous system illnesses and can result in stroke, a condition in which blood flow to the brain is disrupted. Obesity is growing more prevalent in the United States as a result of changing lifestyles such as eating unhealthy foods and sleeping sporadically.

Obesity prevalence grew from 30.5% to 42.4% between 2000 and 2018, according to the CDC.

As a result, from 2022 to 2032, the demand for Functional Electrical Stimulation is predicted to increase.

Europe Demand Outlook for Functional Electrical Stimulation

The region has a significant prevalence of musculoskeletal problems, which benefits the electrical stimulation market directly. Poland and Hungary, for example, have the highest rates of musculoskeletal diseases in Europe, with 6.737 and 6.697 cases per 100,000 people, respectively.

The demand for Functional Electrical Stimulation in the region is increasing as the prevalence of musculoskeletal illnesses rises.

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Who are the Key Manufacturers and Suppliers of Functional Electrical Stimulation?

The key players of Functional Electrical Stimulation include HASOMED GmbH, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, and others.

The above companies follow certain strategies like merger & acquisition, getting FDA approval, and new product launches to be at the top position in the market. For instance, in May 2017, Ottobock collaborated with Bioness for the distribution of the new FES generation from Bioness.

Integrated Global Functional Electrical Stimulation Industry Report Highlights:

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

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may time to reflect in the analysis.

Global Functional Electrical Stimulation Industry Key Segments

By Product Type:

  • Wired Devices
  • Wireless Devices

By Indication:

  • Neurological Disorders
  • Pain Management
  • Musculoskeletal Disorders
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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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Global Rare Gastrointestinal Diseases Treatment Industry Takes Flight with 3.7% CAGR, set to Surpass US$ 1,940.6 Million by 2033 | FMI Insights

In 2022, the Global Rare Gastrointestinal Diseases Treatment Industry exhibited a valuation of US$1,314.8 million. Foreseeing a promising trajectory, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.7% from 2023 to 2033, reaching US$ 1,353.2 million in 2023. If this growth momentum persists, the market for treating gastrointestinal uncommon diseases is projected to hit a substantial US$ 1,940.6 million by 2033.

Despite the optimistic outlook, challenges persist within this sector. The lack of awareness, delayed diagnoses, and the classification of orphan drugs as third-world entities have resulted in limited commercial interest from private investors. Furthermore, the absence of a robust regulatory framework in emerging economies, coupled with a shortage of skilled healthcare personnel, poses significant hurdles for the gastrointestinal rare diseases treatment market.

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Gastrointestinal rare disease treatment available to overcome this life-threatening gastrointestinal rare disease that can help to reduce the impact from the worldwide diseased population. New treatment successfully developed and approved by the Specific regulatory authority which improved quality as well as the quantity of life. The global cooperation and collaboration amongst scientist, researcher, company, and government creates the opportunity to make the 200 new therapies in rare disease treatment by the year.

Rare Gastrointestinal Diseases Treatment Industry: Region-wise Outlook

By region, Global Gastrointestinal Rare Diseases Treatment market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America dominates the Gastrointestinal Rare Diseases Treatment followed by Europe and will continue to dominate the global Gastrointestinal Rare Diseases Treatment market attributed to increasing number of patients having the gastrointestinal rare disease. The Asia Pacific holds the low diagnostic rate of gastrointestinal rare disease by which contributes less market share of global Gastrointestinal Rare Diseases Treatment.

Global Rare Gastrointestinal Diseases Treatment Industry: Key Participants

The key market players in the global Gastrointestinal Rare Diseases Treatment Market include Bayer Pharmaceutical Corp, Teva pharmaceutical, Novartis AG, Sanofi, Pfizer, Inc., GlaxoSmithKline PLC, Eli Lilly and CO., Johnson & Johnson, and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The regional analysis includes:

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

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

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Global Rare Gastrointestinal Diseases Treatment Industry: Segmentation

The Global Rare Gastrointestinal Diseases Treatment Industry segmented by treatment type, End User, and geography

Segmented by Treatment Type

  • Medications
  • Nutritional support

Segmented by End User

  • Hospital
  • Research Institutes
  • Others

Segmented by geography

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
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Global Dysmenorrhea Treatment Industry Projecting a CAGR of 8.3% and a Market Value of US$ 13,906.5 Million by 2033 | FMI

The Global Dysmenorrhea Treatment Industry, a key player in advancing women’s health, has witnessed remarkable growth, reaching a valuation of US$ 5,937.8 million by the close of 2022. As we step into 2023, the market is poised for even greater demand, with an estimated value of US$ 6,324.5 million, showcasing an impressive year-on-year growth rate of 8.3%.

This substantial growth is not a fleeting trend but part of a broader trajectory, with projections indicating a consistent upward trend. Industry experts forecast an 8.3% Compound Annual Growth Rate (CAGR) for the dysmenorrhea treatment market from 2023 to 2033. If this trajectory is maintained, the global market value is anticipated to surge to an impressive US$ 13,906.5 million by 2033.

Dysmenorrhea, a prevalent condition affecting women globally, is characterized by painful menstruation. Prostaglandins, hormones generated in the uterine lining during menstruation, play a pivotal role in triggering uterine muscle spasms that cause pain and limit uterine blood flow and oxygen. Various underlying diseases can contribute to menstrual issues, emphasizing the need for effective dysmenorrhea treatment solutions.

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The team of analysts at Future Business Insights are focussing on research and market study to produce different Dysmenorrhea Treatment Market forecasts and predictions at both national and international levels. They have considered several leads of information on the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Dysmenorrhea Treatment Market.

Global Dysmenorrhea Treatment Industry Key Companies Profiled:

  • Novartis Pharmaceuticals Corporation,
  • Merck, Inc.,
  • Bayer Schering Pharma AG,
  • Vanita Therapeutics,
  • Alvogen,
  • Pfizer, Inc.,
  • Nua
  • Cora
  • Roche Laboratories,
  • Taj Pharmaceuticals, Ltd.,
  • Sanofi,
  • Terramedic, Inc.

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Key Segments Profiled In The Global Dysmenorrhea Treatment Industry

Global Dysmenorrhea Treatment Industry By Diseases:

  • Primary Dysmenorrhea
  • Secondary Dysmenorrhea
  • Endometriosis
  • Adenomyosis
  • Uterine Myomas
  • Endometrial Polyps
  • Cervical Stenosis
  • Obstructive Malformations Of Genital Tract

Global Dysmenorrhea Treatment Industry By Therapeutic Class:

  • Non-Hormonal Medical Treatment
  • Non-Steroidal Anti-Inflammatory Drugs (NSAIDS)
  • Non-Selective Nsaids
  • Cox-2 Inhibitors
  • Transdermal Glyceryl Trinitrate
  • Over-The-Counter (Otc) Medications
  • Hormonal Medicine Treatment
  • Combined Oral Contraceptive
  • Progestin Regimens
  • Levonorgestrel Intrauterine System (LN-IUS)
  • Surgical Options
  • Laparoscopy
  • Hysterectomy
  • Presacral Neurectomy
  • Laparoscopic Uterosacral Nerve Ablation (LUNA)
  • Intrauterine Device (IUD)

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Global Dysmenorrhea Treatment Industry By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APAC
  • Japan
  • MEA

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Embryo Incubator Industry Primed for US$ 137.7 Million Valuation by 2033, Fueled by a 5.4% CAGR | FMI

The Global Embryo Incubator Industry has achieved significant milestones in 2022, showcasing a robust growth trajectory with a valuation of US$ 77.8 million. This achievement underscores the industry’s unwavering commitment to advancing reproductive health technologies and addressing the evolving needs of healthcare professionals and patients worldwide.

The embryo incubator market is poised for continued success in the coming year, with a projected net worth of all embryo incubators expected to rise to US$ 81.2 million in 2023. This optimistic forecast reflects the sustained demand for cutting-edge solutions in assisted reproductive technologies (ART), indicating a promising future for the global reproductive health sector.

Embryo incubation plays a pivotal role in the medical industry, particularly in the field of assisted reproductive technologies. The embryo, being the first stage of a new creature’s development, necessitates precise and advanced incubation methods. The groundbreaking procedure of embryo transfer, involving the implantation of an embryo into a woman’s uterus to prepare her for pregnancy, has become a cornerstone in both animal and human reproductive health.

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Embryos used for pregnancy can be fresh or frozen for many years; frozen embryos can be nursed within incubators for many years under original conditions, with suitable temperature, nutritional medium provided to keep the embryo alive, adequate humidity, and other elements to support the embryo.

Global Embryo Incubator Industry: Drivers and Restraints

Embryo Incubator is growing market as, the number of fertilization problem is increasing over globe due to lifestyle disorder. The IVF (in vitro fertilization) helping the peoples who are dreaming for family with babies.  According to CDC (Centers for Disease Control), in U.S approximately ~4 million births occurs per year from that 1 and 2 percent birth occurs due to IVF (in vitro fertilization), which directly fuel the market of Embryo Incubator in US and another fact with directly increase the demand Embryo Incubators is that 5 million babies over the globe are due to IVF (in vitro fertilization) according to ESHRE (European Society of Human Reproduction and Embryology). The high price and lack of awareness in healthcare professional to handle the embryo in the incubator is the current hindrances for the Embryo Incubator market.

Global Embryo Incubator Industry: Overview

Embryo Incubator is high in demand in various region over the globe, as the new born babies in the region are from IVF (in vitro fertilization). Now a day’s majority of the populations are going for IVF (in vitro fertilization) due to lifestyle disorders and improper diets. Players are focusing new innovative technology to enhance the incubators to show more quality to improve embryo mentioning, which should be increase by providing proper temperature and perfect pH balance along with original essential gases in proper amount.

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Embryo Incubator Industry: Region-wise Outlook

Geographically, Embryo Incubator market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. North America show major market share in Embryo Incubator, due to the high present of players in the region and highly acceptation of IVF (in vitro fertilization). Europe show the perfect market for growth of Embryo Incubator as the players are coming with more product in the region. Asia Pacific is a growing market as the awareness is increasing in healthcare professional to use the Embryo Incubator for IVF (in vitro fertilization). MEA is the region which is in introductory phase as the medical system and others are supporting and focusing on the use of Embryo Incubator for medical use.

Global Embryo Incubator Industry: Key Players

Some of the players in Embryo Incubator market include: Esco Micro Pte. Ltd., Vitrolife, Genea Biomedx, Cook Medical Inc., Thermo Fisher Scientific Inc., Genea Limited, EMD Sereno Inc. (sub. Merck KGaA), IVFtech ApS and The Baker Company.

Global Embryo Incubator Industry Recent Development:

  • In May 2022, The MINC+TM Benchtop Incubator has been launched by Cook Medical, specifically for IVF facilities in the United States and Canada.
  • In May 2022, Cook Medical is committed to enhancing people’s lives, not only through patient care but also in the communities it serves. In line with this commitment, Cook Medical’s manufacturing plant in Winston-Salem has recently achieved the ISO 14001 certification, which is the internationally recognized standard for environmental management systems.

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Global Embryo Incubator Industry: Segmentation

Global Embryo Incubator Industry is segmented by

Embryo Incubator by Product Type

  • Tri-gas Incubators
  • Tri-gas Incubators with Camera

Embryo Incubator by End User

  • Hospital and research laboratories
  • Fertility clinics
  • Cryobank

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Drug Delivery Technology Industry Gears Up for a 12.6% CAGR, Targeting a Market Value Exceeding US$ 143.5 Billion by 2033 | FMI

In a groundbreaking revelation, the Global Drug Delivery Technology Industry is set to undergo unprecedented expansion, projecting a colossal surge from its anticipated worth of US$43.9 billion in 2023 to an astounding valuation surpassing US$ 143.5 billion by 2033. This exponential growth is expected to be fueled by a robust compound annual growth rate (CAGR) of 12.6% between 2023 and 2033.

The anticipated surge in the industry’s value is attributed to the escalating adoption of cutting-edge technologies designed to enhance the efficient delivery of medicine to targeted sites. The seamless integration of advanced drug delivery methods is revolutionizing the healthcare landscape, providing a paradigm shift in treatment efficacy and patient outcomes.

Oral Solid Dosage Manufacturers in North America Enabled to Achieve Significant Bioavailability

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FMI’s report estimates North America to remain the largest market for oral controlled release drug delivery technology, with sales estimated to reach nearly US$ 20,000 Mn by 2027-end. Being preferred route of drug administration by physicians, demand for oral controlled release drug delivery technology has been witnessing a surge by end-users in North America. In addition, recent advancements in drug delivery have enabled oral solid dosage manufacturers in North America to achieve significant bioavailability through adoption of novel drug delivery platforms. This is further expected to drive demand for oral controlled release drug delivery technology in the region

New Chemical Entities Resulting from High Throughput Screening to Drive Market Growth in Western Europe

Western Europe will register the fastest expansion in the global oral controlled release drug delivery technology market. This growth is primarily attributed to a slew of new chemical entities resulting from high throughput screening, which have low solubility and bioavailability. This has further led manufacturers in this region to invest in drug delivery methods with better clinical outcome. Owing to cost-sensitiveness in Western European countries, technologies enhancing bioavailability will remain preferred drug delivery system. These factors are expected to drive growth of the market in this region.

However, most of the pharmaceutical companies in Western Europe have complex supply chain, which is either under-utilised or inefficient. Complexity of supply chain is attributed to low flexibility and cost-effectiveness. In addition, shortening of effective patent life along with patent cliffs is a major challenge for oral solid dosage forms in this region. Factors such as these are estimated to hinder growth of the market in Western Europe.

Dissolution-Controlled Release System to Remain Sought-After among Drug Release Technologies in the Market

By drug release technology, dissolution-controlled release system will remain sought-after in the market, followed by diffusion-controlled release system. Majority of generic formulations available are in tablet dosage form and follow dissolution-controlled release mechanism. Revenues from sales of dissolution-controlled release system will surpass US$ 10,000 Mn in 2017. Demand for hydrodynamically-balanced drug delivery system will remain sluggish in the market.

Solid dosage forms of oral controlled release drug delivery technology are expected to remain dominant in the market, expanding at a high single-digit CAGR through 2027. Sales of semisolid/liquid/suspensions dosage form segment will register a comparatively lower CAGR than that of solid dosage forms in the market through 2027.

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Key market players identified in FMI’s report include

  • AstraZeneca Plc.,
  • Bristol-Myers Squibb Company,
  • Sun Pharmaceuticals Industries Ltd,
  • Abbott Laboratories,
  • Merck & Co. Inc.,
  • Novartis AG,
  • Pfizer Inc.,
  • Mylan N.V.,
  • Sanofi,
  • Hoffman-La-Roche Ltd.,
  • Johnson & Johnson Services, Inc.,
  • Vectura Group plc.,
  • GlaxoSmithKline plc.

Market Taxonomy

By Region

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

By Drug Release System

  • Diffusion Controlled Release System
  • Dissolution Controlled Release System
  • Osmotically Controlled Release System
  • Dissolution & Diffusion Controlled Release System
  • Ion Exchange Resins Controlled Release
  • Hydro-dynamically Balanced Drug Delivery System
  • Others

By Dosage Form

  • Solid Dosage Forms
  • Semisolid
  • Liquid/Suspension

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 Cloud-Based Drug Discovery Platform Industry to Achieve 12.6% CAGR, Poised at US$ 7,529.59 Million Valuation by 2032 | FMI Insights

The Global Cloud-Based Drug Discovery Platform Industry is poised for unprecedented growth, riding on a robust Compound Annual Growth Rate (CAGR) of 12.6% projected throughout the forecast period. In 2022, the market is already creating ripples, reaching an estimated worth of US$ 2,424.33 Million. By the year 2032, industry experts foresee a meteoric rise, propelling the market for cloud-based drug discovery platforms to an impressive US$ 7,529.59 Million.

The realm of drug discovery platforms, serving as epicenters for research and development in the pharmaceutical landscape, is undergoing a revolutionary shift towards the integration of digital technologies. Among these transformative trends, cloud-based drug discovery platforms are emerging as key players, enabling the storage of vast datasets conveniently and cost-effectively.

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The benefits of cloud-based drug discovery platforms are enormous, and this is one of the key factors why it is gaining traction among end-users. This platform helps customers overcome many challenges by leveraging a network of web and mobile-accessible applications. It provides secure and collaborative project management and the ability to share project information. Moreover, the cloud-based drug discovery platform is flexible to offer end-users to customize it according to their projects.

Currently, cloud-based drug discovery platform is witnessing a period of technological advancement, as innovative features, such as publishing and sharing services are being offered to users. Cloud-based drug discovery platform is accessible through computers, notebook, and mobiles, and it is secure and can be maintained by a third party as well. Owing to all these factors, the cloud-based drug discovery platform market is anticipated to grow at a significant rate in terms of value.

Global Cloud Based Drug Discovery Platform Industry Dynamics

Data management is a critical issue for the pharmaceutical industry.  The pharmaceutical industry is rapidly restructuring its discovery business model to completely networked and integrated research and development to manage the huge data it generates. Storing this data on cloud not only offers cost savings, but also improved accessibility.

Graphical representation, a dynamic and quick form of getting results, helps in decision-making at a management level. Keeping the needs of consumers in mind, key players in the cloud-based drug discovery platform are offering flexible, cost-effective, and highly secure cloud-based storage options to consumers. Cloud-based drug discovery platform runs at zero lag time, saving time and giving real-time access to users. This is another reason for the growing adoption of cloud-based drug discovery platforms globally.

Confidentiality and privacy issues continue to impede the growth of the cloud-based drug discovery platform market. Although many improvements have been made in the recent past, cyber hacks continue to create apprehension among many pharma players, leading to stifled adoption.

North America, Japan and Western Europe regions are some of the key players in the Global Cloud Based Drug Discovery Platform Industry. Many pharma companies based in these regions have already adopted cloud-based drug discovery platform, and it is anticipated that in the future, more companies will follow suit. The growth of the market in Asia Pacific excluding Japan (APEJ) is expected to gain momentum during the forecast period 2016-2026.

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Global Cloud Based Drug Discovery Platform Industry Key Players:

Some of the key players operating in the Global Cloud Based Drug Discovery Platform Industry IBM Corp, Accenture PLC, BioXcel Corporation, Cloud Pharmaceuticals, Inc., WuXi AppTec (Shanghai) Co., Ltd., Dassault Systemes BIOVIA Ltd.

The report covers an exhaustive analysis on:

  • Global Cloud-Based Drug Discovery Platform Market Segments
  • Global Cloud-Based Drug Discovery Platform Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Global Cloud-Based Drug Discovery Platform Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Global Cloud-Based Drug Discovery Platform Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Global Cloud Based Drug Discovery Platform Industry Drivers and Restraints

Regional analysis for Global Cloud Based Drug Discovery Platform Industry includes

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

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

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Global Cloud-Based Drug Discovery Platform Industry Segmentation

Based on types of services, the Global Cloud Based Drug Discovery Platform Industry is segmented into

  • infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

Geographically, the global cloud-based drug discovery market is segmented into 

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

Report Highlights:

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

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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.

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Europe Pre-insulated Pipe Market Size and Growth Potential: CAGR of 6.6% and US$ 2,379.7 Million Estimated by 2033

The Europe pre-insulated pipe Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Europe pre-insulated pipe market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Europe pre-insulated pipe. 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 a recent report from Future Market Insights (FMI), the pre-insulated pipe market in Europe is poised to achieve a valuation of US$ 1,263.2 million by the year 2023. The demand for pre-insulated pipes in the region is expected to exhibit a robust compound annual growth rate (CAGR) of 6.6% between 2023 and 2033, culminating in an estimated total market valuation exceeding US$ 2,379.7 million by 2033.

Presently, the European market is predominantly led by the single pipe segment, commanding a significant share of approximately 74%. This notable market dominance can be attributed to the escalating adoption of these pipes across various industrial sectors, underscoring their widespread utility and application.

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The surge in district heating and cooling initiatives across diverse European nations is proving to be a key catalyst propelling the heightened demand for pre-insulated pipes. This phenomenon is intricately linked to a broader emphasis on mitigating energy consumption and mitigating greenhouse gas emissions. Consequently, end-users are increasingly inclined towards transitioning to more sustainable heating and cooling systems. This evolving preference is creating a conducive environment for the expansion and advancement of the European pre-insulated pipe industry.

Pre-insulated pipes find extensive applications across various sectors, including district heating and cooling systems, residential and commercial HVAC systems, as well as industrial processes. These pipes are typically crafted from materials such as copper, steel, or plastic, offering a diverse range of configurations to meet the unique requirements of different applications.

Functioning as highly efficient insulation solutions for the conveyance of both hot and cold fluids between various system components, pre-insulated pipes have become integral components within numerous renewable energy systems. The increasing adoption of pre-insulated pipes within the renewable energy sector is poised to significantly contribute to the growth of the European pre-insulated pipe market over the projected timeframe.

Moreover, a substantial driver bolstering the sales of pre-insulated pipes across Europe is the growing recognition of the manifold advantages these pipes offer.

Key Takeaways of Europe Pre-insulated Pipe Market Study

  • Europe pre-insulated pipe industry is projected to reach a valuation of US$ 2,379.7 million by 2033.
  • Pre-insulated pipe demand across Europe is set to rise at a CAGR of around 6% through 2033.
  • Based on application, HVAC systems segment is forecast to reach a value of US$ 848.1 million by 2033.
  • By insulation thickness, the 1 to 2-inch segment is projected to create an incremental $ opportunity of US$ 464.5 million through 2033
  • Germany pre-insulated pipe industry is poised to exhibit a CAGR of 5% from 2023 to 2033.
  • The United Kingdom market is expected to surpass a valuation of US$ 345.3 million by 2033.
  • Demand for pre-insulated pipes in Russia is forecast to surge at 2% CAGR during the assessment period.
  • Tier-1 manufacturers account for around 45% to 50% of the overall Europe pre-insulated pipes industry.

“Rising popularity of district cooling across European countries is expected to bolster pre-insulated pipe sales during the next ten years. Manufacturers are likely to find expansion opportunities by focusing on utilizing various materials in their products, while catering to niche requirements as they arise across varying sectors like cooling or industrial.” – says a lead analyst at Future Market Insights (FMI)


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Who is Winning?

Uponor Corporation, GF Piping System, Logstor Denmark Holding ApS, Polypipe Group Plc, Polypipe Group Plc, and Brugg Group Ag are few of the top pre-insulated pipe manufacturers across Europe profiled in the report.

These players are focusing on introducing new products with features such as cost-effectiveness, durability, and easy installation. They are also showing interest in mergers, acquisitions, collaborations, partnerships, and agreements to gain a competitive edge in the market.

For instance,

In October 2021, Uponor Corporation completed the acquisition of Capricorn S.A., a prominent Polish manufacturer of components for sanitary and heating installations.

Find More Valuable Insights:

The research report analyzes the market demand trends of the Europe pre-insulated pipe industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.

As per Future Market Insights’ (FMI) research scope, the pre-insulated pipe market has been studied and segmented on the basis of insulation material, insulation thickness, configuration, pipe outer diameter, application, end use, and country. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

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Europe Pre-Insulated Pipe Market by Category

By Insulation Material:

  • Polyethylene
  • Polypropylene
  • Polyurethane
  • Phenolic Foam
  • Mineral Wool – rock wool & slag wool
  • Glass Wool/Fiberglass
  • Elastomeric Foam
  • Aerogel
  • Others (Calcium Silicate, cellular glass)

By Insulation Thickness:

  • 1 to 0.5 Inch
  • 5 to 1 Inch
  • 1 to 2 Inch
  • 2 to 4 Inch

By Configuration:

  • Single Pipe
  • Twin Pipe

By Pipe Outer Diameter:

  • Up to 6 Inch
  • 6 to10 Inch
  • 10 to 12 Inch
  • 13 to 18 Inch
  • 18 to 20 Inch
  • 21 to 30 Inch
  • Above 30 Inch

By Application:

  • HVAC Systems
  • Hot / Cold Water Piping
  • Fuel / Gas / Lubricant Piping and Process Industry Piping

By End Use:

  • Industrial
  • Residential and Commercial HVAC
  • District Cooling & Heating
  • Civic Water Supply & Distribution

By Country:

  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • Benelux
  • Nordics
  • Russia
  • Rest of Europe

About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
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Suite 401, Newark,
Delaware – 19713, USA
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Quantum Cascade Lasers Market Growth Drivers and Challenges: CAGR of 4.5% and US$ 627.4 Million Forecasted by 2033

The Quantum Cascade Lasers Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Quantum Cascade Lasers market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Quantum Cascade Lasers. 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.

The global Quantum Cascade Lasers Market is poised for significant growth, with a projected value of US$ 404.7 million in 2023, anticipated to expand to US$ 627.4 million by 2033. This projection reflects a commendable Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033. This noteworthy trajectory is primarily driven by the increasing utilization of quantum cascade lasers in the healthcare sector, particularly in critical applications such as medical imaging and diagnostics, which include spectroscopy, blood glucose monitoring, and breath analysis.

A key factor fueling this surge in demand is the rapid advancement observed across various end-use sectors, including healthcare, industrial applications, telecommunications, and military & defense. Quantum cascade lasers are proving indispensable in these domains, offering advanced capabilities in molecular gas analysis for sensitive tasks such as environmental monitoring, biomedical applications, and the detection of trace concentrations of airborne pollutants. Furthermore, they play a pivotal role in enhancing security measures by enabling the detection of explosives, thereby contributing significantly to defense and research and development endeavors.

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The continuous wave quantum cascade lasers segment is gaining considerable traction within the current landscape. These lasers are proving to be highly versatile, finding application across a broad spectrum of industries, including chemical sensing, environmental monitoring, and medical diagnostics. Notably, the telecommunication sector is emerging as a particularly promising domain for quantum cascade lasers, owing to their effectiveness in the development of free-space optical communication systems. Their capacity to emit narrow bandwidth beams with a robust power output positions them as the preferred choice in this critical realm.

In summary, the quantum cascade lasers market is experiencing robust growth, driven by their expanding role in diverse industries and their significant contributions to vital applications. As technology advances and end-use sectors increasingly demand precision and sensitivity, quantum cascade lasers are poised to play a pivotal role in shaping the future of these domains.

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 6.1%
  • Based on packaging type, the C-mount segment accounts for a CAGR of 5.1%
  • By operation mode, the continuous wave segment is expected to expand at a CAGR of 4.7% during the forecast period
  • North America to emerge as a promising market, capturing a CAGR of 4.4%
  • Asia Pacific to be an opportunistic market, expected to capture a CAGR of 4.5% during the forecast period.

“Growing technological innovation in healthcare, as well as the military and defense industry, is expected to drive the market in the forecast period. The increasing demand from the industrial sector globally is projected to play a vital role in strengthening the market”.

Competitive landscape

Prominent players in the quantum cascade lasers market are Emerson Electric Company; Newport Corporation; Hamamatsu Photonics KK, Edmund Optics, Inc., and Block Engineering, among others. Some notable developments are as follows:

  • In April 2023- Hamamatsu Photonics will construct a new factory building at its Miyakoda Factory site located in Shinmiyakoda, Kita-ku, Hamamatsu City, Japan. This new manufacturing space will increase the production capacity to respond to expanded market needs for semiconductor lasers essential in LiDAR* applications.
  • In April 2023 – Edmund Opticsa leading provider of optical components for various applications, partnered with ISP Optics to offer global access to their extensive range of recognized high-quality optical components in over 15 infrared (IR) materials
  • Wenhao Optoelectronic company that specializes in the development and production of QCLs for industrial and environmental applications. The company’s QCLs are used in gas sensing, process control, and environmental monitoring.

Know More about What the Quantum Cascade Lasers Market Report Covers

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

To understand opportunities in the quantum cascade lasers market, the market is segmented based on the packaging type, operation mode, fabrication technology, and end-use across five major regions.

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Key Segments Covered in the Quantum Cascade Lasers Industry Analysis

By Packaging Type:

  • C-Mount
  • HHL & VHL Package
  • TO3 Package

By Operation Mode:

  • Continuous Wave
  • Pulsed

By Fabrication Technology:

  • Distributed Feedback
  • Tunable External Cavities
  • Fabry-Perot

By End Use:

  • Industrial
  • Healthcare
  • Telecommunications
  • Military & Defense
  • Other End Uses

By Region:

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

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About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Wooden Decking Market: Investment Opportunities with CAGR of 2.9% and US$ 10.4 Billion Projected by 2033

The Wooden Decking Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Wooden Decking market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Wooden Decking. 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.

The global Wooden Decking Market is poised for substantial growth, with an estimated valuation of around US$ 7.8 billion expected in 2023. This positive trajectory can be attributed to the growing adoption of high-quality wooden decks in the residential sector, which continues to drive the expansion of the market. Projections indicate that by 2033, the market is anticipated to reach a valuation of US$ 10.4 billion, demonstrating a Compound Annual Growth Rate (CAGR) of 2.9% from 2023 to 2033.

A key driver fueling this expansion is the increasing demand arising from repair and remodeling projects. The prevalence of these projects contributes significantly to the overall growth and vitality of the wooden decking market. Furthermore, the market is poised to benefit from ongoing trends in urbanization and heightened investments in infrastructural development, particularly within emerging economies. These factors underscore the promising outlook of the market during the forecast period.

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Significant advancements in manufacturing processes and the introduction of cutting-edge materials have greatly contributed to the enhanced sustainability and attractiveness of wooden decks. These developments are poised to play a crucial role in fostering demand within the wooden decking market, thereby elevating its growth potential.

The escalating applications of wooden decks in both residential and commercial sectors have created promising opportunities for market expansion. The growing preference for environmentally friendly and sustainable flooring solutions is anticipated to be a key driver of market growth throughout the forecast period.

The combination of increasing investments in the construction sector and a rising consumer inclination towards aesthetic considerations is expected to have a positive impact on the market in the coming years. The expansion of both residential and nonresidential application segments, supported by population growth, is projected to further fuel the demand for wooden decking.

In Europe and North America, substantial investments in the construction sector are poised to amplify the demand for wooden decking. Additionally, the surge in real estate projects and the establishment of numerous hotels, restaurants, and corporate offices in emerging economies like India and China are anticipated to be instrumental in propelling the growth of the wooden decking market during the forecast period.Top of Form

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 3.8%
  • Based on the wood type, the pressure-treated wood segment accounts for a CAGR of 2.7%
  • By construction type, the repair & remodeling segment is expected to expand at a CAGR of 2.5% during the forecast period
  • North America to emerge as a promising market, capturing a CAGR of 2.8%
  • Asia Pacific to be an opportunistic market, expected to capture a CAGR of 2.8% during the forecast period.

“Growing popularity of outdoor spaces and technological innovation in wooden decking is expected to drive the market in the forecast period. The increasing demand from the residential sector globally is projected to play a vital role in strengthening the market”.

Competitive landscape

Prominent players in the wooden decking market are Georgia-Pacific LLC; Boral Ltd.; Boise Cascade Company; Builders FirstSource, Inc; AZEK Building Products, Inc., among others.

Some notable developments are as follows:

  • In October 2022– AZEK Company Inc. unveiled its newest manufacturing facility in Boise, Idaho – AZEK’s first in the Western part of the United States. The 350,000-square-foot state-of-the-art facility further advances AZEK’s strategy to drive material conversion to its types of sustainable, low-maintenance, and environmentally sustainable outdoor living products, providing capacity that will allow the Company to scale to market demand for its products.
  • In September 2022- Fiberon announces the launch of Wildwood composite cladding, providing the unrivaled beauty and warmth of the wood combined with the durability of high-performance, low-maintenance materials. Wildwood composite cladding features an open-joint profile and is available in a variety of board lengths and widths for added design flexibility.

Know More about What the Wooden Decking Market Report Covers

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

To understand opportunities in the wooden decking market, the market is segmented based on the wood type, construction type, and application across five major regions.

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Key Segments Covered in the Wooden Decking Industry Analysis

By Wood Type:

  • Pressure Treated Wood
  • Redwood
  • Cedar Wood
  • others

By Construction Type:

  • Repairs & Remodelling
  • New Decks

By Application:

  • Residential
  • Non-Residential

By Region:

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

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About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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