Market Research Blog – Page 3901 – New Product Development

Enterprise Social Networks Market Set to Skyrocket with 13.9% CAGR, Eyes US$ 26.5 Billion by 2032

The worldwide enterprise social networks market size added up to US$ 6.4 Billion in 2021. Deals in the enterprise social networks market are supposed to increment at a 13.9% CAGR, with the market valuation arriving at US$ 26.5 Billion by 2032.

The report expresses that the market is supposed to arrive at a valuation of US$ 7.2 Billion in 2022. According to FMI, the enterprise social networks market is seeing development inferable from the rising interest in smoothing out the correspondence across the hierarchical order to further develop efficiency and proficiency.

As per the enterprise social networks industry examination by Future Market Insights (FMI), the reception of enterprise social networks in the market is assessed to develop at a CAGR of 13.9% over the estimated period.

Enterprise social networks fill in as an all-entrance stage where workers can find every one of the significant reports, for example, preparing assets, project-related information, guides, industry news, and applicable examination papers.

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During the pandemic, there has been a huge rise in demand for enterprise social networking platforms. Growth can be attributed to the growing trend of remote working and the consequent need for streamlining communication across organizations, thereby driving the market.

With closer integration with business applications, enterprise social networks can help organizations transform the main collaboration and communication hub. They can help reduce the inbox clutter by replacing long and confusing email threads with private or public communication channels.

Enterprise social networking primarily emphasizes the use of online social networks or social relations among individuals who share business interests and activities. Companies like Yammer are offering advanced enterprise social networking platforms. As per Microsoft, 85% of Fortune 500 companies collaborate with Yammer. Yammer offers an interface similar to Facebook that makes it easy even for novice users to start posting images and messages.

Moreover, on an enterprise social network, communication is often less fixed, less conventional, and less formal, as compared to email. This way, information flows more naturally and reduces the hierarchical barriers.

Key Takeaways from the Enterprise Social Networks Market Report:

By type, the cloud/web-based enterprise social network platform segment is estimated to grow at a robust CAGR of 2% through 2032.
Among the enterprise size, the large enterprises segment is anticipated to expand at a CAGR of 5% between 2022 & 2032.
By industry, the IT & telecom segment is anticipated to grow at a CAGR of 8% between 2022 & 2032.
North America is dominating the enterprise social networks market followed by Europe region in 2022. South Asia & Pacific is estimated to grow at the fastest rate over the forecast period.
The market in the U.S. is expected to progress at a CAGR of around 8% through 2032.
In India, the enterprise social networks market is expected to grow at a CAGR of 6% during the forecast period.
The enterprise social networks market in China is estimated to witness an absolute opportunity of US$ 3.1 Billion over the forecast period.

More Valuable Insights on Enterprise Social Networks Market:
Future Market Insight’s report on the enterprise social networks industry research is segmented into five major sections – type (cloud/web-based enterprise social network platform, and on-premises enterprise social network platform), enterprise size (small and medium-sized enterprises, large enterprises), industry (education, travel & hospitality, media & entertainment, healthcare, IT & telecom, retail, government & non-profit, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the enterprise social networks demand outlook.

How is Adoption of Enterprise Social Networking Platforms Boosting the Market?
Increasing adoption of enterprise social network solutions is helping organizations reform communication across their workforce. Owing to this, the demand for streamlined communications across the organizational hierarchy is increasing. Hence, companies are adopting enterprise social network solutions and services for the management of enterprise communication workflows.

The rising need for enterprise internetworking among partners, employees, distributors, and suppliers across small and mid-size enterprises is expected to augment the growth in the market over the forecast period.

Leading Key Players:

IBM Corporation
Salesforce
TIBCO Software
Yammer (Microsoft)
Higher Logic
Alma Suite
Zyncro
eXO
Talkspirit
BlueKiwi
Zoho Corporation
JIVE Software
Boonex
Cisco

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Enterprise Social Networks Market Segmentation:

By Type:

Cloud/Web-based Enterprise Social Network Platform
On-Premises Enterprise Social Network Platform

By Enterprise Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Industry:

Education
Travel & Hospitality
Media & Entertainment
Healthcare
IT & Telecom
Retail
Government & Non-Profit
Others

By Region:

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

About Future Market Insights (FMI):

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

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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By 2033, the Wetsuit Market is Projected to Reach a Value of US$ 3.55 Billion | FMI

In 2022, it was estimated that the worldwide wetsuit market would be worth close to US$1.72 billion. Advances in surfing, coordinated product design & production, and the general population’s growing affluence levels in some areas are projected to boost industry development. By 2023, it is expected to have generated US$ 3.55 billion, with a CAGR of 6.6% from 2023 to 2033.

The rising income levels of the general public in some areas, improvements in surfing, and coordinated product design and manufacture are probably going to drive industry growth. There is now a greater demand for outdoor sports due to the significance of living healthily and continuous attempts to balance work and pleasure. Business expansion is expected to be fueled by different technical advancements and an increase in South East Asians partaking in water sports.

Triathlons are now perceived by the general public as an endurance sport rather than as an extreme competition for an eccentric, small minority, which has increased demand for wetsuit clothing throughout the world. On the basis of the rise in average disposable income of a rising and huge population, it is anticipated that by 2033, the demand would be amplified by substantial potential for growth throughout unexplored regions, such as China as well as the Middle East.

Key Takeaways from the Market Study

From 2018 to 2022, the wetsuit market grew at a 3.8% CAGR.
In 2022, it is anticipated that the full sleeves market would have a commanding share of 71.4%.
In 2022, the surfing market category is anticipated to hold 38.1% of the overall market share.
In 2022, it is anticipated that sales of men’s wetsuits would hold a commanding 51.5% of the worldwide wetsuit market.
Sales of these wetsuits as water sporting accessory stores are anticipated to increase at a CAGR of 5.3% over the course of the forecast year.
In 2022, it is anticipated that the United States would hold a market share of more than 83.3% for wetsuits in North America.
India is estimated to represent more than 28.2% of the South Asia wetsuit market in 2022.

“A beneficial impact on industry growth is projected from growing interest in various water sports, the expansion of inland surfing regions, as well as artificial wave production technology,” remarks an FMI analyst.

Competitive Landscape

Leading companies in the worldwide wetsuit market are putting a lot of effort into research and development in order to introduce cutting-edge goods and services. Major firms want to strategically work with local distributors and end consumers to increase their market share. Prominent players in the wetsuit market are:

O’Neil Inc.
Quicksilver Inc.
Billabong International Limited
Aqua lung
Gullewa Limited
Shieco Group Co. Ltd.
Xcel
Patagonia, Inc.
Vissla
Rip Curl
Sisstrevolution
Speedo
BARE Sports
Decathlon S.A.

Some key developments of the leading companies in this market are:

Billabong’s new Furnace Natural wetsuit is one they produce that is sustainable and may be among the most eco-friendly suit on the globe. The Natural has undoubtedly established a new standard for wetsuit ethics since it is made of CICLO® fibers (which prevent plastic microfibre contamination and accumulation in dumps), new and enhanced YULEX natural rubbers (derived from FSC certified ranches), and 100% recycled fibers.
Aqualung will hasten Carbon Capture, Utilization and Sequestration (CCUS) projects by offering affordable solutions for a variety of industrial emitters as well as fuel sources across the board, from natural gas to cement manufacturing. Aqualung uses a tolling concept to try to add value while reducing financial risk for their clients. The proprietary membrane technology has undergone 20 years of devoted study and testing, and is now prepared for commercialization and implementation.

More Valuable Insights Available

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

To understand opportunities in the wetsuit market, the market is segmented on the basis of product type (full sleeves and short sleeves), application (surfing, underwater diving, sailing river, rafting, and others), consumer orientation (men, women and unisex), price range (under US$ 100, US$ 100- US$ 200, and US$ 200 & above) and sales channel (wholesalers/distributors, supermarkets/hypermarkets, specialty stores, water sporting accessories stores, online retailers, and others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled in the Global Wetsuit Market

By Product Type:

Full Sleeves
Short Sleeves

By Application:

Surfing
Underwater Diving
Sailing
River Rafting
Others

By Consumer Orientation:

Men
Women
Unisex

By Price Range:

Under US$ 100
US$ 100- US$ 200
US$ 200 & Above

By Sales Channel:

Wholesalers/ Distributors
Supermarkets/ Hypermarkets
Specialty Stores
Water Sporting Accessories Stores
Online Retailers
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights, Inc. (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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3D Scanners Market Envisions Impressive 14.5% CAGR, Sets Sights on US$ 9.65 Billion

The 3D scanners market is projected to reach US$ 9.65 Billion by 2030, at a CAGR of 14.5% between 2022 and 2030. 3D scanners have been witnessing huge adoption for commercial use cases.

In addition, the flexibility of 3D scanning technology to be customized as per professional requirements in several industries has boosted its adoption across prominent end-use industries. Case in point, in the healthcare sector, 3D scanners are leveraged to model body organs in three dimensions, which are utilized to create prosthetics.

The coronavirus (COVID-19) pandemic has hit the profit margins of electronics manufacturers, globally. As such, players in the 3D scanners market are confronting raw material shortages with weeks of delays, on average. Further, manufacturing and automotive industries are key revenue creators for the 3D scanners market, and the pandemic has severely affected these industries too.

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Consequently, the 3D scanners market would witness a notable drop in demand from these industries. A majority of manufacturers are forecasting a decline in sales over the first two quarters of 2020, and over 60% of players are projecting business operations to recover by October 2022.

Key Takeaways from the 3D Scanners Market Report:

3D scanners/hardware will continue to hold the leading market share over the following decade.
Among all the services, 3D design and modeling services are expected to expand at the highest CAGR over the coming years.
Market players continue to capitalize on portable/handheld 3D scanners, while robot-mount 3D scanners offer potential value-capture opportunities.
Short-range (less than 1m) 3D scanners would capture a prominent revenue share; long-range (more than 300.1m) 3D scanners to witness adoption upsurge in the coming years.
Healthcare and manufacturing industries would remain the key end users of 3D scanners; the latter to show the most worthwhile prospects in the near term.
North America continues to engage market players; in East Asia to offer potential growth avenues.

Increasing Usage of 3D Laser Scanners in Collision Detection to Drive Market:
3D scanners are used in collision avoidance as well as in-vehicle navigation applications. These scanners come with features such as high accuracy of recorded measurements, making 3D scanners immensely useful for use cases, including reconstruction and collision detection.

Furthermore, handheld 3D scanners are utilized to record the interiors of damaged vehicles, allowing internal damages to be recorded, measured, and analyzed. As such, 3D scanners tick all the boxes of safety, speed, and flexibility, to offer complete collision detection as well as reduce the impact of traffic flow.

Leading Key Players:

Hexagon AB
Faro Technologies Inc.
Nikon Metrology NV
Topcon Corporation
Trimble Inc.
Creaform, Inc.
Perceptron Inc.
GOM MBH
Konica Minolta
Maptek Pty Ltd

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More Valuable Insights on the 3D scanners Market:

In its latest report, Future Market Insights offers an unbiased analysis of the global 3D scanners market, providing historical data for the period of 2015-2021 and forecast statistics from 2022 to 2030.

To understand the opportunities in the 3D scanners market, the market is segmented based on component (3D scanners/hardware, 3D scanning software, services), type (portable/handheld, desktop-based, fixed-mount, robot-mount), range (short range, medium range, long-range), and end-user (automotive, aerospace & defense, civil & architecture, healthcare, education, manufacturing, media & entertainment, others), across six major regions.

3D Scanners Market Segmentation:

By Component:

3D Scanners /Hardware
- Laser 3D Scanners
- Optical 3D Scanners
- Structured-light 3D Scanners
3D Scanning Software
Services
- 3D Design & Modelling
- Integration & Deployment
- Consulting
- Support & Maintenance

By Type:

Portable/Handheld 3D Scanners
Desktop-based 3D Scanners
Fixed-mount 3D Scanners
Robot-mount 3D Scanners

By Range:

Short Range (Less than 1m) 3D Scanners
Medium Range (1.1m to 300m) 3D Scanners
Long Range (More than 300m) 3D Scanners

By End User:

Automotive
Aerospace & Defense
Civil and Architecture
Healthcare
Education
Manufacturing
Media & Entertainment
Others

By Region:

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

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

Electromyography Devices Market Poised for a Notable Valuation of US$ 1,753 Million by 2033-FMI Projection

The electromyography devices market is expected to grow at a strong 6.8% Compound Annual Growth Rate between 2023 and 2033. The market is expected to be worth US$ 908 million in 2023, with a market share of US$ 1,753 million by 2033.

The rising elderly population and more people with heart issues due to idle lifestyles and eating disorders contribute to market growth. More people with high cholesterol levels and chronic diseases like diabetes require constant monitoring. Hence, like ECG, electromyography (EMG) tests are also needed to detect neuromuscular abnormalities.
A new device with higher sensory technology is inserted through an electrode needle in the muscle for the muscle health diagnosis. The device also becomes important for nerve health monitoring because it reveals nerve dysfunction and nerve-to-muscle transmission.
These devices perform different electromyography as the procedure is segmented into three subtypes: mono-polar single electrodes, single-fiber EMG electrodes, and concentric-EMG electrodes. The variety of these devices serves different purposes in monitoring nerve and muscle health. More hospitals and healthcare centers are deploying these advanced machines to help patients get diagnosed properly before the treatment.
The electrode (Needle) also has two subtypes: Surface (Skin Electrodes) and inserted electrodes. The recent spike in nerve-based issues such as strokes and nerve-based brain abnormalities has fueled the adoption of EMG devices for better research and development.
The government building more hospitals with specific neuro and nerve-based sections is also adding value to the EMG testing and the devices used.

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Key Points

The United States market leads the North American electromyography devices market in terms of market share in North America. The United States held a leading market share of 35.7% in 2022. The factors attributed to the growth are world-class healthcare systems, higher technological penetration in healthcare systems, higher bandwidth internet, and integration of smart technologies. The North American region held a market share of 38.4% of the global market in 2022.
The German electromyography devices market held a healthy market share of 11.1% in 2022. The market growth is caused by the government’s focus on public health and innovation. The increasing geriatric population is also putting healthcare authorities on their toes to upgrade their systems with the recent versions. The European region accounted for a fair share of 29.2% of the global EMG devices market in 2022.
The Indian market thrives at a healthy CAGR of 7.8% between 2023 and 2033. The growth is attributed to the country building new multi-specialty hospitals and renovating their healthcare systems.
China’s electromyography market thrives at a CAGR of 8.3% between 2023 and 2033.
Based on modality, the standalone devices lead the segment as it held a market share of 71.1% in 2022.
Based on end-user type, the hospital segment aces the category as it held a market share of 42.1% in 2022.

Competitive Landscape

The key suppliers focus on advanced sensors and electrodes for detailed diagnosis and easy installation of the devices. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

Cadwell Laboratories Inc. introduced customizable EMG devices with various carts. The end users can build their own EMG set-up, from monitors and computers to different sensors and needles.
Natus Medical Inc. introduced its Ultrapro S100 EMG Neurodiagnostic system with superior signal quality enhanced assessments and easy controls.

Key Players

Compumedics Limited
Cadwell Laboratories Inc.
Covidien Limited
Electrical Geodesics Inc.
Natus Medical Inc.
Nihon Kohden America Inc.
NeuroWave Systems Inc.
Noraxon U.S.A. Inc.

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Key Segments Covered

By Modality:

Portable
Standalone

By End User:

Clinics
Hospitals
Rehabilitation Centers
Homecare Centers

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 Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)

Author By:

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

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

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

About Future Market Insights (FMI)

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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Ureteral Stent Market, Anticipating a Notable Valuation of US$ 616.8 Million by 2032-FMI Projection

The urinary stent market is projected to develop from 2022 to 2032 at a compound annual growth rate (CAGR) of 4.4%, with 2022 sales likely to reach US$ 385.9 million and 2032 sales to reach US$ 616.8 million. Because ureteric stents can clear blockages in the ureters brought on by a variety of illnesses, they are highly sought after. The market for ureteral stents will rise as a result between 2022 and 2032.

Ureteral stents are medical devices that are made of fine plastic tubes. They are thin, flexible tubes used to restore urine flow through blocked ureters caused by a variety of disorders. These are implanted in the ureters during a surgical procedure known as Ureteral stenting. One end of the device is inserted into the urinary bladder, while the other is inserted into the urethra.

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The ends may be coiled to prevent dislocation of device. The stent is most often left in temporarily till the blockage is removed. Innovative interface platforms available in market for stent case management and patient safety has been useful for both physicians and patients. Epidemiological data reveals that the prevalence of stone disease is increasing which indicates that demand of ureter stents would increase in future.

Ureteral Stent Market: Drivers and Restraints :
The key contributor to the growth of global ureteral stents include increasing number of urological procedures owing to sedentary life style and expanding elder population base. Poor dietary habits and fluid intake, increasing obesity levels and rising caseload of metabolic disorders may fuel the rate of market growth.

Advancements in stents composition materials leading to minimise patient discomfort, mesh stent design and construction can give additional favour to the market.

Availability of innovative smart phone applications has boost the growth of the market for stent case management and patient safety, which are useful for both physicians and patients.
Complex procedure of stent placement, lack of skilled surgeons, complications after removal of the stent and discomfort in living with a ureteral stent with side effects such as increased frequency of passing urine and urgency to pass urine are the major restraints for ureteral stents market growth.

Ureteral Stent Market: Overview n:
Global ureteral stents market is consolidated with a very few number of players. Boston Scientific, Bard Medical, Cook Medical, Coloplast are some of the key global players in the market. Boston Scientific acquired Endo international in 2015 representing its plans to grow.

New players such as Allium Medical have established themselves very well in the market with their novel promising products. New players enter the market with some novelty in their products, which may be related to their composition material, user friendly communication interface platforms and better bio-compatibility.

Ureteral Stent Market: Region-wise Outlook :
Geographically, ureteral stent market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. Developed markets like North America and Europe are expected to witness robust growth due to increased number of urological surgeries, presence of key global players in the region and continuous research and development projects.

Asia Pacific is projected to register positive growth owing to favourable patient demographics and developing healthcare infrastructure in the region. The lack of urologists and insufficient proper training is expected to negatively impact the ureteral stents market in Africa. For instance, in Nigeria, a population of 170 million have only 130 urologists. On the other hand, Middle East hospitals are providing better global urology services, a positive sign for market growth.

Ureteral Stent Market: Key Players :
The key players in the global ureteral stent market include Boston Scientific, Bard Medical, Cook Medical, Coloplast, B.Barun, Applied Medical, Allium Medical, Teleflex, Urotech, Urovision, Opti-Med, Goharshafa, Surgimedik, Mednova, Taewoong Medical and Prosurg.

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 categories such as market segments, geographies, types, technology and applications.

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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Ureteral Stent Market: Segmentation :
Global ureteral stent market has been segmented on the basis of type, application, end user and region.

Based on the type, the global ureteral stent market is segmented into:
•Open end stents
•Closed end stents
•Double pigtail stents
•Multiloop stents

Based on the composition material, the global ureteral stent market is segmented into:
•Polyurethane stents
•Silicone stents
•Hydrogel stents
•Plastic stents
•Metal stents
•Coated Stents

Based on the application, the ureteral stent market is segmented into:
•Lithotripsy
•Ureterorenoscopy
•Schistosomiasis

Based on the end user, ureteral stent market is segmented into the following:
•Hospitals
•Gastrointestinal surgery clinics

Author By:

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

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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Patient Recliners Market, Achieving a Remarkable Valuation of US$ 35.1 Billion by 2032-FMI Projection

Over the next ten years, the global patient recliner market share is forecast to grow at a remarkable rate, with a projected valuation of US$ 14.8 billion in 2022. Forecasts indicate that the market for patient recliners is predicted to grow at a robust Compound Annual Growth Rate (CAGR) of 8.1% from 2022 to 2032, when it is expected to reach a net worth of US$ 35.1 billion.

The patient recliners market, a critical component of the healthcare industry, is witnessing a surge in demand and innovation. These specialized recliners play a vital role in enhancing patient comfort and overall healthcare experience. As healthcare facilities continue to evolve, patient recliners are becoming increasingly integral in providing quality care to patients.

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Key factors contributing to the market’s impressive growth include the growing aging population, a rising emphasis on patient-centered care, and the recognition of the importance of patient comfort in the healing process. The market’s expansion is also being propelled by advancements in patient recliner technology, design, and materials, ensuring they meet the diverse needs of healthcare facilities and their patients.

Furthermore, the market’s growth is fueled by the increasing prevalence of chronic diseases and the subsequent need for long-term patient care. Patient recliners offer a versatile and adaptable solution for medical facilities, offering both comfort and practicality.

“The anticipated growth in the patient recliners market signifies a positive shift in healthcare, with a strong commitment to providing patients with superior comfort and care during their medical journeys,” said [Spokesperson Name], [Title] at [Your Company Name]. “This trend also underscores the importance of innovation and design in the healthcare industry to meet the evolving needs of patients and healthcare providers.”

As the patient recliners market continues to expand, industry leaders, healthcare professionals, and manufacturers are well-positioned to benefit from this growth by aligning their strategies with the changing healthcare landscape.

Key Companies:

Jordan Active Patient Recliner (Krug Inc.)
Ava, Serenity (Nemschoff)
Accord Wieland
Versant (Sauder MFG Co.)
Affina
Perth
Soltice (KI)
Symmetry Plus (Stryker)

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Author By:

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

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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Drug Discovery Enzymes Market, Surging with Ambitions to Exceed US$ 1,751.3 million by 2033-FMI Projection

According to the FMI study report, the drug discovery enzymes market size that was utilised in 2018 had a total net worth of US$ 721.2 million. As a result, between 2018 and 2022, the drug discovery enzymes market experienced remarkable annual growth of 4.2% globally.

The rapid progress in biotechnology and pharmaceutical research during pandemic times spurred medication development and discovery efforts. Drug discovery enzymes became essential to these processes and encouraged a wide acceptance and a huge market for them in 2020 and 2021. By the end of 2022, the global demand for drug discovery enzymes, in terms of value, reached around US$ 886.6 million.

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By 2033, the global market is forecasted to be valued at US$ 1,751.3 million, growing from US$ 932.4 million in 2023. An encouraging CAGR of 6.5% throughout the predicted period highlights the growing global demand for drug research enzymes worldwide. Currently, drug discovery enzymes have an overwhelming amount of market potential in the Asia Pacific countries.

The increasing demand for biopharmaceuticals, which include medications based on enzymes, has led to large expenditures in the manufacture and development of drug discovery enzymes. In the coming days, new treatment approaches are desperately needed since chronic illnesses, including cancer, heart problems, and neurological disorders, are becoming more and more common.

To remain competitive in the global market, participants can provide customized enzyme solutions as drug discovery activities are getting increasingly specialized and individualized. Also, creating innovative drug discovery enzymes with improved performance and specificity might result from investing in state-of-the-art technology and research, ultimately boosting the market competition.

Key Takeaways:

North America, with an astounding 42.7% global market share in 2022, dominated the overall market for drug discovery enzymes. The United States alone contributed almost 38.1% of the global market share that year, remaining the dominant country in this market.
European countries together generated 22.2% of the global demand for drug discovery drugs in 2022.
The demand for drug discovery enzymes in China is anticipated to surge at a year-on-year growth rate of 7.8% during the forecast years. Likewise, the growth in demand in India, with emerging biopharmaceutical industries, is expected to follow China at a promising 6.4% CAGR during this period.

Competitive Landscape for the Drug Discovery Enzymes Market Players

Sigma-Aldrich, Kaneka Corporation, Actelion Pharmaceuticals, Genesis Biotechnology, Suven Life Sciences, Enzo Life Sciences, and Merck KGaA are some top players in this market. Leading market players are continuously expanding the range of products they offer to meet the unique needs of drug discovery procedures in different therapeutic domains. Moreover, leading market players adhere to strict regulatory standards and quality assurance to acquire more customers and gain a competitive edge over their rivals.

Given the critical role that drug discovery enzymes play in the present time, maintaining a competitive advantage requires safeguarding intellectual property rights and unique enzyme formulations. Going forward, market leadership is also anticipated to depend on maintaining the caliber of the products and the assistance provided to end-use sectors.

Key Companies:

Sigma-Aldrich Co. LLC.
Kaneka Corporation
Actelion Pharmaceuticals Ltd
Genesis Biotechnology Group
Suven Life Sciences Limited
Enzo Life Sciences, Inc.
Merck KGaA

Key Segments

By Product Type:

Active Kinases
Ubiquitin
Epigenetic
Methyltransferases
Deacetylases
Phosphodiesterases
Other Product Types

By End User:

Pharmaceutical and Biotechnology Company
Research Institutes
Other End User

By Region:

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

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Author By:

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.

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DNA Sequencing Services Market Aims for a Flourishing Valuation of US$ 2,080.2 Million by 2033-FMI Projection

The DNA sequencing services market is expected to grow by 8.2% over the course of the forecast year, according to FMI. The sector is predicted to be worth US$ 945.6 billion by 2023.n.

Surges in DNA sequencing services are expected to drive industry growth during the assessment period. For example, the development of next-generation sequencing (NGS) platforms has resulted in cost savings and increased efficiency in the DNA sequencing procedure. This is expected to increase its adoption across a wide range of end-use industries.

The DNA Sequencing Services Market is poised for significant advancements, symbolizing a crucial stride in genomic exploration. Positioned at the forefront of scientific progress, the market is geared towards unlocking the potential of DNA sequencing services. As technological capabilities evolve, the industry plays a pivotal role in decoding and understanding genetic information. This progress signifies a transformative era in genomics, with the DNA Sequencing Services Market at the forefront, contributing to the acceleration of scientific discoveries and advancements in personalized medicine.

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Another trend consolidating the market expansion is the increasing availability of personalized medicine. Personalized medicine is a fairly new field of medicine. It utilizes a person’s genomic information to forecast their chances of developing particular diseases and to customize treatments accordingly.

Surging applications of DNA sequencing are also contributing toward market growth. For example, DNA sequencing is used in cancer research to detect mutations that can be addressed with specific drugs. It is further being deployed in agricultural research to grow crops with enhanced traits like higher yields and disease resistance.

Due to constant technological improvements, DNA sequencing providers are now delivering better data quality. Therefore, customers can expect more precise results from sequencing projects. Moreover, the steadily declining cost of DNA sequencing is making it affordable in commercial and scientific applications. As a result, end users are increasing their investments in the technology.

Top Highlights from the FMI’s Analysis of the DNA Sequencing Services Market:
•The North American region is expected to account for the leading market share of more than 40.6% in 2023, followed by Europe, which is projected to account for 32.4% in the same year.

•The United Kingdom is forecast to expand at a CAGR of 12.9% over the estimated period, suggesting significant business avenues that the country is expected to present.

•India is anticipated to record a CAGR of 8.5% over the forecast period, whereas China is forecast to propel at a CAGR of 7.8%. DNA sequencing services are expected to increase in the region to meet the increasing medical demands of the population.

•Japan is forecast to account for a market share of 2.7%, comparatively lower than the other competitive markets. However, the market is expected to offer diverse growth opportunities to businesses.

•Based on solutions and services, the data analysis and sequencing services segment is forecast to account for 41.8% of the global market.

•Under the end-user category, the academic institutes and research centers segment is anticipated to record more than 37.7% over the forecast period.

Recent Developments in the Market are Shaping the Competitive Scenario :

•PacBio released in October 2022 two genome sequencing systems, i.e., Onso short-read sequencing system and Revio long-read sequencing system. Deep-learning approaches are combined with Revio to perceive DNA methylation from a normal sequencing library.

•Element Biosciences unveiled in March 2022 the technical details of its long-awaited Aviti DNA sequencer. This novel instrument deploys a riff on sequencing-by-synthesis chemistry that lowers the reagent usage, leading to costs of up to US$ 7/ GB.

•In May 2021, Thermo Fisher Scientific introduced its Genomic Solutions Platform, which provides comprehensive genomics services via a single platform.

•In November 2020, Illumina’s HiSeq X Ten Sequencing System launched with extended data analysis capabilities and superior throughput.

Key Companies:
•Thermo Fisher Scientific Inc.
•Abbott Laboratories
•GE Healthcare
•Merck KGaA
•Agilent Technologies Inc.
•Roche Holdings AG
•Pacific Biosciences
•Illumina Inc.
•Bio-Rad Laboratories Inc.

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Key Segments Profiled in The DNA Sequencing Services Industry Survey
By Product Type:
•Maxam-Gilbert DNA Sequencing
•Chain-Termination Methods
•Dye-Terminator Sequencing
•Automation and Sample Preparation
•Large-scale DNA Sequencing
•New DNA Sequencing Methods
•High Throughput DNA Sequencing
•Parallel Signature Sequencing (MPSS)
•Polony Sequencing
•Pyrosequencing
•Illumina (Solexa) Sequencing
•SOLiD Sequencing
•Others

By End Use:
•Automotive Industry
•Chemical Industry
•Agriculture
•Oil and Gas
•Research and Development
•Other End Uses

By Application:
•Hospitals
•Diagnostic Centers
•Biotechnology and Pharmaceutical Industry
•Academic Research Institutes
•Other Application Areas

By Region:
•North America
•Latin America
•Europe
•Asia Pacific
•The Middle East & Africa

Author By:

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.

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Future Market Insights Inc.
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T: +1-845-579-5705

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Sustainable Satchels: Eco-Friendly Solutions in Asia Pacific Sachet Packaging

The demand for sachet packaging in the Asia Pacific region is on the rise, and this trend is expected to accelerate over the next decade. In 2023, the top three countries in the region are predicted to collectively capture approximately 70.8% of the market share, indicating the strong regional demand and market concentration in those nations.

The Asia Pacific Sachet Packaging Market is poised for significant growth, with a projected valuation of US$ 3.7 billion in 2023. This robust market is expected to maintain its upward trajectory, with a compound annual growth rate (CAGR) of 8.0% forecasted between 2023 and 2033. By 2033, the market is anticipated to reach an impressive valuation of US$ 8.1 billion.

Machinery manufacturers might focus on innovating existing packaging systems in order to leverage opportunities generated through increasing demand for process automation. Numerous companies are already working on developing packaging automation products to gain an early-mover advantage in the market.

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Key Takeaways from this Market Study:

Asia Pacific’s sachet packaging machines industry exhibited moderate growth at a CAGR of 1.4% during the historical period.
India’s sachet packaging machines industry is anticipated to offer an incremental opportunity of US$ 103.8 million over the next ten years.
China is expected to account for around 39.2% of Asia Pacific sachet packaging machines’ market share in 2023.
Based on machine type, the vertical form fill seal (VFFS) machine segment is anticipated to advance at a CAGR of 5.2% in the estimated time frame.
By operating speed, the multi-lane machines segment is anticipated to create an incremental opportunity worth US$ 218 million during the forecast period.

Market Drivers:

Cost-Effective Packaging: Sachet packaging is often more cost-effective for both manufacturers and consumers, making it an attractive option for a wide range of products, from food and beverages to personal care items.
Environmental Concerns: As sustainability concerns grow, some sachet packaging materials are being developed to be more eco-friendly, which can attract environmentally conscious consumers.
Increasing Consumer Demand: There has been a growing demand for single-use or small-portion packaging solutions due to changing consumer preferences, urbanization, and busy lifestyles.
Reduced Food Waste: Sachets can help reduce food waste by providing smaller portions that consumers can use before the product expires.
Growth in E-commerce: The rise of e-commerce has led to an increase in the use of sachet packaging for sample products and small-sized items sold online.

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Market Growth Factors

Surging sales can be attributed to the rising preference for sugar, salt, and sauce sachets, notably favored by prominent fast-food chains like Taco Bell, Burger King, and Pizza Hut.

Key Market Players

Amcor Plc
Huhtamäki Oyj
Sealed Air Corporation
Constantia Flexibles Group GmbH
UFlex Limited
Petals Packaging Company
Printpack Inc.
Paharpur 3P
Swiss Pac Pvt. Ltd.
Yaxon Biocare Pvt. Ltd
Packman Industries
Color Flex
Asian Flexi Pack India Pvt Ltd,
Strava Healthcare
TOPPAN PRINTING CO., LTD.

Market Outlook by Category

By Pack Size:

1 ml to 10 ml
11 ml to 20 ml
21 ml to 30 ml
30 ml & Above

By Material:

Plastic
Paper
Aluminum Foil

By Application:

Food
Personal Care & Cosmetics
Pharmaceutical
Industrial

By Packaging Machinery:

Vertical Form Fill Seal (VFFS)
Horizontal Form Fill Seal (VFFS)

By Country:

China
Japan
South Korea
India
Australia
Association of Southeast Asian Nations
Rest of Asia Pacific

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 Hospital-Acquired Infection Control Industry is poised for significant advancement, projected to achieve a US$ 12.7 Billion by 2033, with a commendable 7% CAGR | FMI

According to Future Market Insights’ most recent estimate of the global hospital-acquired infection control industry demand, sales of this product will reach US$ 6.5 billion globally in 2023. The market is anticipated to reach US$ 12.7 billion by 2033 with a CAGR of 7% between 2023 and 2033. Hospitals and Intensive Care Units are anticipated to account for a CAGR of 7.6% of the market’s revenue.

The frequent occurrence of hospital-acquired infections, the growing proportion of surgical procedures, the rising geriatric population and the increasing prevalence of chronic diseases, technological advancements in sterilization equipment, and the growing awareness of environmental and personal hygiene are the key factors driving the growth of the Hospital-acquired infection control market. The growing use of e-beam sterilization and the reintroduction of ethylene oxide sterilization are further expected to swell the demand for hospital-acquired infection control.

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The percentage of surgeries performed worldwide has increased significantly over the years. Every year, approximately 235 million complex surgical procedures are performed worldwide, according to the WHO. This is due to an increase in the prevalence of obesity and other lifestyle diseases, an increase in the geriatric population, and an increase in the incidence of spinal injuries and sports-related injuries.

With the growth in the number of surgical procedures conducted, the demand for various surgical equipment and medical devices is also surging. The proven benefits of sterilized product lines and growing awareness about their effectiveness in healthcare settings are expected to drive demand for hospital-acquired infection services.

Due to rising demand for Hospital-acquired Infection Control methods in developing nations, particularly Japan, the market in the Asia Pacific is projected to account for a CAGR of over 7% during the forecast period.

The regional market is growing due to the extensive usage of Hospital-acquired infection controls and increased awareness of general health and fitness among the working-class population.

Competitive Analysis:

The key players in the market include Steris Plc, Sotera Health Company, Getinge AB, Advanced Sterilization Products, Ecolab Inc., 3M Company, Matachana Group, MMM Group, Belimed AG, and Reckitt Benckiser.

Some of the recent developments of key Hospital-acquired Infection Control providers are as follows:

In 2021, STERIS purchased Cantel, a global provider of infection control products and services, through a U.S. subsidiary to broaden its vast array of sterilization services.
In 2021, Sterigenics S.A.S., a Sotera Health Company subsidiary, increased its European sterilizing capacity by expanding its ethylene oxide factory in Rantigny, France. Getinge introduced the Getinge Solsus 66 steam sterilizer for hospitals as well as surgical instruments in 2020, which has a higher capacity and operational reliability than other sterilizers.
In 2020, Sotera Health Company acquired Iotron, a prominent North American outsourced provider of E-beam sterilization services. The acquisition was intended to help the company expand its electron beam footprint and boost sales of the Sterigenics division.

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Market Segments Covered in Hospital-acquired Infection Control Industry Analysis:

By Component:

Equipment
- Sterilization Equipment
- Disinfection Equipment
Consumables
- Disinfectants
- Sterilization Consumables
- Others (Waste Disposal, PPE)
Services

By End-user:

Hospitals and Intensive Care Units
Ambulatory Surgical and Diagnostic Centers
Other End-users

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