Marine Bearings Market Anticipated to Grow at 4.3% CAGR and Reach US$ 8543.0 Million by 2032

The Marine Bearings Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Marine Bearings market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Marine Bearings. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Marine Bearings Market holds a significant position in the seamless operation of various marine vessels, irrespective of their intended use, whether for luxurious cruises, efficient cargo transportation, or crucial defense operations. These bearings play a pivotal role by providing vital support to the vessel’s engine, ensuring the smooth transmission of power and loads. Their contribution ranges from enhancing the comfort and opulence of passenger ships to optimizing the efficacy of freight carriers, making marine bearings an indispensable element in guaranteeing the reliable functionality of marine propulsion systems.

It is projected that the global marine bearings market will witness substantial growth, with an estimated value expected to surge to US$ 8543.0 million by 2032, marking a notable increase from the recorded US$ 5622.0 million in 2022. This growth trajectory is anticipated to be driven by a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period.

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Marine vessels, ranging from luxurious cruise ships to utilitarian transport vessels and protective warships, rely indispensably on the robust functioning of marine bearings. Between the forecasted period of 2022 and 2032, the trajectory of the marine bearings market is poised to witness significant expansion, driven by their pivotal role in sustaining power transmission and load management within the marine engine setup.

Critical to the seamless operation of marine vessels, these bearings are tailored with meticulous attention to the demanding underwater conditions they are subjected to. Engineered with specialized materials and processes, marine bearings demonstrate a robust resistance to the harsh marine environment. Composites reinforced with fibers, brass shells coated with nitrile rubber, non-metallic phenolic linings integrated with nitrile rubber, as well as other polymer variants, are meticulously employed in their fabrication.

The resilience of these bearings against corrosion, particularly in the face of saltwater exposure, is paramount to their enduring functionality. Furthermore, they exhibit exceptional reliability, even in the extremities of water temperatures, while imposing minimal demands for lubrication. Notably, an extended operational lifespan stands as a primary criterion guiding the selection of these critical components for marine applications.

Marine Bearings Market: Market Dynamics

The contemporary era of globalization has witnessed a substantial surge in inter-nation trade, significantly propelling the trajectory of the shipping and marine industry. This surge has led to a persistent escalation in maritime activities, subsequently amplifying the demand for ships and cargo over recent years. Projections suggest that this trend will continue to bolster the shipbuilding industry in the foreseeable future, consequently fostering a corresponding demand for marine bearings in the market.

Furthermore, the burgeoning growth within the travel, transportation, and leisure sectors stands as a pivotal driver contributing to the expansion of the marine bearings market. Anticipated demands for repair and maintenance services for key components are poised to open up promising avenues in the aftermarket segment, thereby exerting a positive influence on market growth. Notably, substantial prospects are ripe for technological advancements within the sector, offering a pathway to deliver heightened performance and enriched functionalities in marine bearings.

Marine Bearings Market: Regional Outlook

The Asia Pacific region is anticipated to maintain its position as the most alluring market for marine bearings. This projection is attributed to the robust demand for marine bearings, propelled by the burgeoning shipbuilding industry within the region. Contrarily, Europe and North America are poised to dominate the production landscape, collectively claiming a substantial portion of the marine bearings market. Notably, North America is forecasted to emerge as a significant market in terms of demand. Conversely, the Rest of the World segment is projected to represent a comparatively minor proportion of the overall marine bearings market.

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Marine Bearings Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Marine Bearings Market are:

  • TENMAT Ltd
  • Trelleborg Sealing Solutions
  • Thordon Bearings Inc.
  • Orkot® Marine
  • Teignbridge Propellers International Limited
  • VERSITEC MARINE
  • HORN International AS
  • SKF group
  • Chatfield Engineering Limited
  • CJR Propulsion.
  • CRAFTED WITH CRAFTSMAN MARINE
  • ELCIHE RADICE Spa
  • Italian Propellers S.r.l.
  • Lewmar Limited

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.

Marine Bearings Market: Market Segmentation

Global Marine Bearings market can be segmented on the basis of type of vessel  as;

  • Merchant marine vessel
  • Navy Marine Vessel
  • Yachts Marine Vehicle

Global Marine Bearings Market can be segmented on the basis of area of type’s;

  • Main Bearing
  • Top End Bearing
  • Bottom End Bearing
  • Thrust Pad bearing
  • Pedestal bearing

Global Marine Bearings Market can be segmented on the basis of material as;

  • Lead Bronze Bearing
  • Bi-metal Bearing
  • Tri Metal Bearing
  • Others

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

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T: +1-845-579-5705
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Global New Born Eye Imaging Systems Industry Poised for 5.7% CAGR, Projecting a Global Market Value Surpassing US$374.3 Million by 2032 | FMI

The Global New Born Eye Imaging Systems Industry is poised for a remarkable trajectory, with market valuation anticipated to reach a substantial US$ 374.3 million by the year 2032. This marks a significant ascent from its 2022 valuation of US$ 202.7 million, reflecting a robust compound annual growth rate (CAGR) of 5.7% throughout the projection period.

The human eye, often described as the most intricate sensory organ, functions akin to a high-resolution camera capturing images with precision. The intricate process involves light being focused on the cornea, acting as the eye’s lens, while the iris regulates the intensity of light. Subsequently, light falls on the retina, initiating the image formation process. Signals generated by the retina are then transmitted through the optic nerve to the brain, influencing the sense of sight.

In this context, the role of eye imaging systems emerges as pivotal, serving as a crucial diagnostic tool for identifying and treating various ocular issues. Given the prevalence of eye disorders, particularly among newborns, where Retinopathy of Prematurity (ROP) stands out as a leading cause of vision impairment, the need for advanced and precise imaging systems becomes paramount. ROP not only impacts vision but also affects blood vessels, spreading through the retina.

New Born Eye Imaging Systems: Drivers and Restraints

Newborn eye imaging is an emerging market, as many players are coming up with innovative devices for imaging and raising funds for research on newborn eye imaging systems, for instance, in May 2017, Visunex Medical Systems, Inc., raised funds US$ 20 Mn for the research and development and manufacturing of newborn eye imaging system. Players are actively participating in the development of imaging systems.

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The ratio of affected babies also fuels the market to come up with more advanced products in the market, for instance, according to WebMD, LLC., 16,000 out of 28,000 born babies are affected by ROP (retinopathy of prematurity) as the babies will be born less than 31 weeks and the weight will be more than 2 pounds in the U.S, The awareness is the hindrance for the product.

New Born Eye Imaging Systems: Overview

Newborn eye imaging systems is a growing market over the forecast period, as many products are coming into the market after getting approval from respective organizations, all the products are in high demand for imaging, for instance, in March 2012, Russia’s third president has approved the purchase of newborn eye imaging system from Clarity Medical Systems, Inc., and launched RetCam digital imaging program in Russian Federation for the treatment of prematurely born infants at risk for eye diseases like ROP (retinopathy of prematurity).

New Born Eye Imaging Systems: Region-wise Outlook

Geographically, the New Born Eye Imaging Systems Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, the Middle East, and Africa.

North America is the leading market as major players are placed inside and the population is affected by new eye problems, for instance, according to the Centers for Disease Control and Prevention in October 2016, one in every 33 babies was affected by eye-borne diseases. Europe is also a potential market as governments are directly involved in the treatment of eye diseases. Asia Pacific is a growing market as the awareness is very low in the market about this system.

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New Born Eye Imaging Systems: Key Players

Some players in the New Born Eye Imaging Systems Market include Visunex Medical Systems, Inc., Eye Photo Systems, Merge Healthcare Incorporated, D-EYE S.r.l., Imagine Eyes, Natus Medical Incorporated, and Servicom Medical (Singapore) Pte Ltd.

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 covers an exhaustive analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, and the Rest of Latin America)
  • Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg, and the Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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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New Born Eye Imaging Systems: Segmentation

New Born Eye Imaging System segmentation is based on

Based on disease type

  • Retinopathy of prematurity
  • Ocular development
  • Refractive state
  • Strabismus
  • Visual functions
  • Visual acuity
  • Visual fields
  • Color vision

Based on Device Type

  • Basic Device
  • Wireless Device

Based on End User

  • Hospital
  • Ophthalmology Diagnosis Centre
  • Ambulatory Surgical Centre
  • Others

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
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Air Audit Equipment Market Set to Surge: Anticipated CAGR of 3.9% and US$ 9.41 Billion by 2033

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

As indicated by recent findings from Future Market Insight, the global Air Audit Equipment Market is projected to achieve a substantial valuation of US$ 9.41 billion by the year 2033, accompanied by a stable Compound Annual Growth Rate (CAGR) of 3.9%. Notably, this projected value reflects a significant surge from the estimated worth of US$ 6.41 billion in 2023.

Amid mounting concerns about energy consumption and the imperative for environmental sustainability, there is a growing imperative to augment energy efficiency across diverse industries. In this context, air audit equipment assumes a pivotal role in the evaluation and optimization of energy performance within HVAC systems, compressed air systems, and other air-centric operations. This heightened focus on energy efficiency underscores the mounting demand for air audit equipment, as businesses endeavor to curtail energy consumption and mitigate their ecological impact.

Compelling governmental mandates and initiatives worldwide are enforcing stringent regulations to champion energy efficiency and diminish greenhouse gas emissions. These regulatory frameworks often necessitate businesses to conduct comprehensive energy audits and adopt measures to enhance their energy efficiency. In this landscape, air audit equipment stands as a crucial facilitator, equipping organizations with the requisite tools and technology to assess and refine their energy performance. Furthermore, the employment of air audit equipment remains instrumental in ensuring that compressed air aligns with the requisite quality standards.

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The heightened emphasis on mitigating air pollution and enhancing air quality has instigated the adoption of diverse air pollution control technologies. A mounting comprehension of the advantages associated with air audit equipment and its pivotal role in promoting energy efficiency is pervading various industries. Businesses are progressively acknowledging the significance of streamlining their air systems to curtail energy consumption, elevate indoor air quality, and bolster overall operational efficiency. As awareness continues to permeate the industry, the air audit equipment market is anticipated to witness substantial growth.

In recent times, the notion of smart cities has garnered significant traction as urban areas seek innovative solutions to tackle multifaceted challenges. A pivotal facet of urban living that has taken center stage is air quality. Given the escalating pollution levels and its repercussions on public health, cities globally are embracing advanced strategies to effectively monitor and manage air quality. In this context, air audit equipment assumes a critical role in spearheading effective urban air quality management.

The upsurge in the elderly population and the escalation in chronic illnesses are poised to register significant growth in the foreseeable future. The burgeoning recognition of health risks linked with substandard indoor air quality has precipitated heightened demand for air audit equipment in residential spaces. Homeowners are increasingly cognizant of pollutants such as volatile organic compounds (VOCs), mold, and allergens. Consequently, they are actively seeking avenues to ameliorate air quality within their homes.

The pervasive adoption of air audit equipment represents a conspicuous trend gaining momentum within the food & beverage industry. This heightened traction is predominantly propelled by the escalating utilization of the equipment for air purification purposes in containers before product packaging and filling processes. As consumer expectations for safer and more hygienic products continue to soar, companies in the food & beverage sector are recognizing the criticality of upholding the cleanliness and quality of their products throughout the production and packaging stages.

Furthermore, there is a burgeoning inclination towards online air audit solutions. Conventional air audit procedures often entail substantial costs, encompassing travel expenses, consultant fees, and equipment charges. Online air audit solutions offer a cost-effective alternative by obviating the need for on-site visits and mitigating associated expenditures. Users can avail of these solutions at a fraction of the cost, rendering it a more financially viable option for organizations of varying scales.

Key Takeaways from the Air Audit Equipment Market

  • The  air audit equipment industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 2.5% through 2033.
  • The United States held 22.3% share of the global air audit equipment industry in 2022.
  • With a CAGR of 4.8% over the forecast period, India is predicted to develop rapidly in the air audit equipment industry.
  • In 2022, Japan had a 5.6% share of the air audit equipment industry globally.
  • The  air audit equipment industry in China is expected to speedily flourish, registering a CAGR of 4.4% over the forecast period.
  • Germany accounted for 5.1% of the global air audit equipment industry in 2022.

Competitive Landscape in the Air Audit Equipment Market

Leading market players are actively engaged in various strategies to maintain their competitive edge. These strategies include

  • continuous product innovation to enhance equipment efficiency and accuracy
  • expanding their global presence through strategic partnerships and acquisitions
  • investing in research and development to stay ahead in the rapidly evolving market

They also focus on providing comprehensive after-sales support and services to build long-term customer relationships and uphold their market reputation as reliable and trustworthy suppliers of air audit equipment.

Recent Developments by Key Players

ELGi unveiled its inaugural two-stage oil-lubricated screw air compressor in April 2023. It is specifically designed to enhance energy efficiency and dependability, ultimately resulting in reduced overall ownership expenses.

Parker Meggitt, a prominent global company specializing in aerospace and defense engineering, unveiled iPRESS in October 2022. It is a long-range wireless tire pressure gauge designed specifically for aviation. This innovative device aims to provide accurate tire pressure monitoring for aircraft.

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Key Segments Profiled in the Air Audit Equipment Market Survey

By Equipment Type:

  • Particle Counter
  • Oil Vapor Measurement
  • Pressure Meter
  • Flow Meter
  • Differential Pressure Meter
  • Leak Detector
  • Energy Meter
  • Dew Point Meter

By End User:

  • Automotive
  • Oil & Gas
  • Food & Beverage
  • Power Generation
  • Mining
  • Chemical & Petrochemical Plants

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Hybrid Grafts Industry Predicted to Hit US$ 858.7 Million by 2032, Boasting a 5.20% CAGR | FMI

The Global Hybrid Grafts Industry is on a trajectory of significant growth, with a current estimated worth of US$517.3 million by the end of 2022. Projections indicate a steady compound annual growth rate (CAGR) of 5.20% between 2022 and 2032, culminating in an estimated market value of $858.7 million by the close of the forecast period.

The surge in the hybrid grafts market is attributed to the escalating risk of cardiovascular diseases worldwide. Unhealthy lifestyle choices, coupled with a rising incidence of obesity, are expected to be key drivers fueling market expansion in the years to come.

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Number of cases of chronic ascending aortic dissections has increased dramatically across the globe, which would bolster growth. Additionally, key players are focusing on novel product development with enhanced efficacy in terms of environmental stability, protection from infections, and durability.

For instance, BD Interventional introduced Distaflo, which is designed with ePTFE with carbon impregnated into the inner portions of the graft wall. The graft is also modified with a proprietary cuff at the distal end, according to BD.

Key Takeaways: Hybrid Grafts Market

  • Based on product, the thoracic aortic graft segment held approximately 78.2% of share in 2021 and will dominate the global hybrid grafts market by 2032.
  • By end user, the hospitals segment is expected to lead the global hybrid grafts market and showcase a CAGR of 5.9% during the forecast period.
  • North America hybrid grafts market is anticipated to generate a share of 42.1% in 2021 and is estimated to lead throughout the forthcoming years.
  • China is set to hold a market share of nearly 3.8% in 2032 with expansion of the healthcare industry.
  • The Germany hybrid grafts market held a share of 3.5% in 2021 and is set to remain at the forefront during the evaluation period.

“Rising use of minimally invasive devices in medical procedures is set to drive the hybrid grafts market. Besides, increasing number of cardiac and vascular surgeries is anticipated to push demand for hybrid grafts to reduce surgical site complications,” says a FMI analyst.

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Market Competition

The market for hybrid grafts is moderately fragmented and there exists a large number of local, emerging, as well as established players across the globe. Key players are initiating promotional activities to introduce new designs to attract more customers. A few other companies are engaging in collaborations and expansion activities to develop innovative products.

  • In October 2021, Terumo joined hands with Cell Technologies to open a new manufacturing facility in Costa Rica which will help to broaden its supply chain around the globe.
  • In May 2022, Getinge invested 3 million Euros to expand its manufacturing capacity of polyester grafts and patches for the treatment of aneurysmal and occlusive diseases. The investment would help the company to surge the manufacturing capacity in its site in La Ciotat, France.

More Valuable Insights on Hybrid Grafts Market

Future Market Insights offers a unique perspective and actionable insights on the hybrid grafts market in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2022 to 2032.

The research study is based on the product (thoracic aortic graft and peripheral vascular graft) and end user (hospitals and ambulatory surgical centers), across seven key regions of the world.

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Hybrid Grafts Market Outlook by Category

By Product:

  • Thoracic Aortic Graft
  • Peripheral Vascular Graft

By End User:

  • Hospitals
  • Ambulatory Surgical Centers

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
LinkedIn| Twitter| Blogs | YouTube

Navigation, Imaging, and Positioning Solutions Market Forecast: Rising at a 27% CAGR between 2022 and 2032, Reaching US$ 24 Billion

The Navigation, Imaging, and Positioning Solutions Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Navigation, Imaging, and Positioning Solutions market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Navigation, Imaging, and Positioning Solutions. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

In the contemporary era of automation, adeptly navigating both devices and individuals has assumed paramount significance across a diverse array of applications. While the advent of the Global Positioning System (GPS) has undeniably revolutionized outdoor positioning, the persisting demand for seamless positioning capabilities across all environments has spurred the emergence of the indoor positioning domain. This arena has, over the past decade, become a focal point for intensive research and development endeavors, highlighting a concerted effort to refine indoor positioning technologies.

This pronounced emphasis on enhancing indoor positioning capabilities seamlessly aligns with the evolving landscape of the Navigation, Imaging, and Positioning Solutions Market. Ongoing innovations in this sphere are fundamentally reshaping the manner in which we navigate and locate ourselves in various contexts. Notably, the market for navigation, imaging, and positioning solutions is projected to reach an estimated value of approximately US$ 7 Billion in 2022. Anticipated advancements and the growing acceptance of these solutions across diverse settings such as residential spaces, healthcare facilities, and warehouse management are set to propel sales, fostering a remarkable Compound Annual Growth Rate (CAGR) of 27%.

In the age of automation, the ability to proficiently navigate both devices and individuals has become increasingly crucial for an expanding array of applications. While the introduction of the Global Positioning System (GPS) has revolutionized outdoor positioning, the need for consistent positioning capabilities in all environments remains. In response to this, the focus on indoor positioning has grown over the last decade, prompting extensive research and development efforts. A myriad of parameters, including accuracy, integrity, coverage, latency, update rate, availability, costs, robustness, infrastructure, and privacy, underscore the complexity of matching suitable technology with specific applications. With a multitude of technologies available, selecting the most appropriate one further compounds the intricacy of the task.

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Navigation, imaging, and positioning solutions find diverse applications, spanning from indoor location-based services to the detection of misplaced items in households, ambient assisted living systems, and the tracking of patients, medical equipment, and personnel in emergency scenarios within hospital settings. These technologies are also employed in social networking for fostering social integration, environmental monitoring for observing various phenomena such as heat, humidity, pressure, air pollution, and structural deformation.

Wireless Sensor Networks (WSNs) are established to monitor these parameters both indoors and outdoors by organizing multiple sensor nodes. Their implementation yields notable benefits in the realms of rescue and fire services, as well as law enforcement, facilitating the instantaneous detection of theft, crime scene recovery, and the implementation of geofencing strategies.

Moreover, WSNs find extensive application in intelligent transportation, enabling the seamless navigation of vehicles by extending road guidance into parking garages. In industrial contexts, they play a critical role in the automation of manufacturing processes and the development of intelligent systems. These systems serve as vital components within smart factories, contributing to the enhancement of safety systems, intelligent worker protection, and collision avoidance measures.

In the domain of logistics and optimization, the availability of precise information pertaining to the location of assets and personnel is deemed indispensable. Notably, in Western economies, navigation systems contribute significantly, accounting for a notable portion of the GDP.

Looking ahead, the navigation, imaging, and positioning solutions market is poised for substantial growth in the forthcoming decade, primarily driven by the introduction of advanced technologies and the deployment of cutting-edge satellite systems.

Navigation, Imaging and Positioning Solutions Market: Drivers & Restraints

Rising infrastructure investments necessitates the requirement of positioning for cargo management systems for rail traffic, airports and ports. Large construction sites require positioning systems to support the information management system. Aforementioned are some of the key factors driving the growth of the navigation, imaging and positioning solutions market.

Changes in the allocation of radio frequency bands, cost of sensors, safety, development time and customization associated with the navigation, imaging and positioning solutions, dependency on external suppliers for components are probable factors restraining the growth of the navigation, imaging and positioning solutions market.

Navigation, Imaging and Positioning Solutions Market: Overview

With rapid technological advancements and increasing risks on security; the acceptance of navigation, imaging and positioning solutions is gaining popularity. The global navigation, imaging and positioning solutions market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Navigation, Imaging and Positioning Solutions Market: Region-wise Outlook

The global navigation, imaging and positioning solutions market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global navigation, imaging and positioning solutions market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global navigation, imaging and positioning solutions market in terms of market revenue followed by Europe and Russia. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global navigation, imaging and positioning solutions market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Navigation, Imaging and Positioning Solutions Market: Key Players

Some of the key market participants in global navigation, imaging and positioning solutions market are Topcon Positioning Systems Inc, iXBlue, Trimble Navigation Limited, Sonardyne, Leica Geosystems, Kongsberg Maritime, NovAtel Inc, BlackRoc Technology.

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 and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. 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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Navigation, Imaging and Positioning Solutions Market: Segmentation

The global navigation, imaging and positioning solutions market is broadly classified on the basis of applications, physical principle used in the operation and geographies.

Based on application, the global navigation, imaging and positioning Solutions market is segmented into:

  • Defense
  • Maritime
  • Land & Survey
  • Photonics
  • Space

Based on physical principle used in the operation, the global navigation, imaging and positioning solutions market is segmented into:

  • Inertial Navigation
  • Mechanical Waves
  • Electromagnetic Waves

Report Highlights:

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

About Future Market Insights (FMI) 

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

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Global Myelodysplastic Syndrome Treatment Industry Set to Soar with 5.9% CAGR, Targeting US$5,614.1 Million Revenue by 2032 | FMI

The Global Myelodysplastic Syndrome Treatment Industry is on the brink of significant growth, with a projected 5.9% Compound Annual Growth Rate (CAGR). According to the latest market analysis from [Market Research Firm], the industry is expected to capture a revenue share of US$2,990.8 million in 2022, reaching an impressive US$5,614.1 million by 2032.

Myelodysplastic syndromes (MDS), classified as a type of cancer, pose a unique challenge as they result from damage to blood-forming cells in the bone marrow. This damage leads to insufficient production of one or more types of blood cells, making MDS a critical health concern. As a rare group of disorders, MDS is characterized by the body’s inability to generate an adequate number of healthy blood cells, often referred to as “bone marrow failure disorder.”

The Global Myelodysplastic Syndrome Treatment Industry is at the forefront of innovative advancements aimed at addressing the complexities of MDS. Researchers, healthcare professionals, and industry leaders are collaboratively working towards developing groundbreaking treatments and therapies to enhance patient outcomes.

In light of the anticipated growth and advancements in the Myelodysplastic Syndrome Treatment sector, industry experts believe that the collective efforts of stakeholders will not only contribute to improved patient care but also pave the way for transformative developments in the broader field of oncology.

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The patient pool is more of an age group of 50 or older, but it can happen to younger people, too. This syndrome is more common in men as compared to women.

According to the American Society of Clinical Oncology (ASCO), approximately 13,000 people in the U.S. are diagnosed with MDS each year.

Global Myelodysplastic Syndrome Treatment Industry: Drivers and Restraints

The Myelodysplastic Syndrome Treatment market is expected to mark a significant growth in the coming few years due to increasing mutation in treatments that cause myelodysplastic syndrome. In addition to this, the growing number of patient pool of age 50 and above, and rising government support for cancer treatment tend to propel the market.

However, unawareness about such treatments is one of the major factors that is delaying the growth of this market.

Global Myelodysplastic Syndrome Treatment Industry: Overview

The global market for myelodysplastic syndrome treatment is expected to witness high growth over the forecast period due to increasing incidences of myelodysplastic syndrome. In the U.S., myelodysplastic syndromes (MDS) occur at a rate of 4.8 cases for every 100,000 people. That works out to about 13,000 new cases of MDS each year. The number of new cases diagnosed each year seems to be increasing as the average age of the population increases. (Source: American Cancer Society).

Furthermore, diagnosis techniques such as blood count, peripheral blood smear test, microscopic exams, cytochemistry, flow cytometry and immunotherapy, cytogenetics, FISH, and PCR help in the detection of MDS, also a key factor that is propelling the myelodysplastic syndrome treatment market towards growth.

Global Myelodysplastic Syndrome Treatment Industry: Regional Outlook

Geographically, the Global Myelodysplastic Syndrome Treatment Industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America and Europe together dominate the global myelodysplastic syndrome treatment market due to the presence of a large population suffering from bone marrow disease, the rise in healthcare expenditure, and increasing demand for myelodysplastic syndrome treatment by the end users. Asia Pacific’s myelodysplastic syndrome treatment market is expected to be one of the fastest growing markets due to the increasing number of patients with blood marrow disorders.

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Global Myelodysplastic Syndrome Treatment Industry: Key Players

The market for myelodysplastic syndrome treatment is consolidated with the presence of a few strong players. Some of the players identified in the Global Myelodysplastic Syndrome Treatment Industry include Celgene Corporation, Otsuka Holdings Co., Ltd., Sandoz, Inc., Dr. Reddy’s Laboratories, Inc., Accord Healthcare Ltd., Mylan N.V., Pfizer, Inc., etc.

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, 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.

The report covers an exhaustive analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, South Africa, Rest of MEA)

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Global Myelodysplastic Syndrome Treatment Industry: Segmentation

Tentatively, the Global Myelodysplastic Syndrome Treatment Industry has been segmented based on types, treatments, patient groups, and geography

Based on Type, the Global Myelodysplastic Syndrome Treatment Industry is segmented as below:

  • Refractory cytopenia with unilinear dysplasia (RCUD)
  • Refractory anemia with ringed sideroblasts (RARS)
  • Refractory cytopenia with multilineage dysplasia (RCMD)
  • Refractory anemia with excess blasts-1 (RAEB-1)
  • Refractory anemia with excess blasts-2 (RAEB-2)
  • Myelodysplastic syndrome, unclassified (MDS-U)
  • Myelodysplastic syndrome associated with isolated del(5q)

Based on treatment, the Global Myelodysplastic Syndrome Treatment Industry is segmented as below:

  • Chemotherapy
  • Immunotherapy
  • Stem cell transplantation/bone marrow transplantation
  • Growth Factors

Based on patient group, the Global Myelodysplastic Syndrome Treatment Industry is segmented as below

  • Above 50 years
  • Below 50 years

Author

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

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

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

About Future Market Insights (FMI)

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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Binoculars and Mounting Solutions Market: Projected to Exceed US$ 11.4 Billion by 2032, Boasting a Remarkable CAGR of 3.8%

The Binoculars and Mounting Solutions Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Binoculars and Mounting Solutions market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Binoculars and Mounting Solutions. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Binoculars and Mounting Solutions Market in China is experiencing significant growth, driven by the increasing popularity of roof prism binoculars for leisure activities such as birdwatching and wildlife observation. The country’s rapid urbanization and high level of disposable income have further boosted the demand in the Asia Pacific region. Another crucial factor positively impacting the market is the influx of numerous manufacturers into China, attracted by the availability of cost-effective labor and raw materials.

By 2022, it is anticipated that the global market for binoculars and mounting solutions will total US$ 8.6 billion. Between 2022 and 2032, it is anticipated to grow at a CAGR of 3.8% and surpass US$ 11.4 billion. The demand for binoculars and mounting solutions is anticipated to increase in the near future due to the rising standard of living in several developing nations and the rise in spending on luxury goods.

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As roof prism binoculars become more widely used in China for leisure activities like birdwatching and wildlife observation, the market is anticipated to expand. The rapid urbanisation and high level of disposable income in this country are anticipated to benefit the growth of the Asia Pacific market. Another crucial element that is anticipated to have a positive impact. The entry of numerous manufacturers into China, which has been stimulated by the accessibility of labour and raw materials at reasonably low prices, has contributed to the growth.

Binoculars are the simplest and most affordable optics you can use for stargazing. Binoculars are chiefly dual telescopes which are mounted next to each other, and associated so that an individual can gaze at aloof entity with both the eyes.

The global binoculars and mounting solutions marketplace is predicted to expand at a encouraging CAGR during the forecast period. An additional feature is, when hovering or pulling down the binoculars, most of the time the binoculars stay jagged at the objective. These mounts look great if you are out observing with another individual and sharing views, even if another person is of different height (like a child).

Binoculars makes use of prisms mainly in both the barrels to provide an upright appearance to the consumer. Roof prisms binoculars, which are more compressed, look similar to two traditional through telescopes mounted sideways. Compressed binoculars are pleasant, particularly for daytime observing. However, just as the telescopes, binoculars equipped with bigger diameter lens displays more.Low control binoculars are great for extensive star fields, and can simply be hand held. But it becomes pretty challenging holding binoculars that are too enormous and heavyweight.

Binoculars and Mounting Solutions Market: Drivers & Restraints

Rising infrastructure investments necessitates the requirement of positioning for cargo management systems for rail traffic, airports and ports. Large construction sites require positioning systems to support the information management system. Aforementioned are some of the key factors driving the growth of the binoculars and mounting solutions market. Whereas the changes in the allocation of radio frequency bands, cost of sensors, safety, development time and customization associated with the binoculars and mounting solutions, dependency on external suppliers for components are probable factors restraining the growth of the binoculars and mounting solutions market globally.

Binoculars and Mounting Solutions Market:Region-wise Outlook

The global binoculars and mounting solutions market is anticipated to record a significant CAGR for the forecast period. On the basis of geographic regions, the global binoculars and mounting solutions market is segmented in the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and Asia Pacific. In 2015, the global binoculars and mounting solutions market is dominated by North America in terms of market value followed by Europe and Russia, respectively. Japan and Asia Pacific are anticipated to increase at a considerable growth rate and is expected to contribute to the global binoculars and mounting solutions market value exhibiting a substantial CAGR during the forecast period, 2015 to 2025.

Binoculars and Mounting SolutionsMarket: Key Player

Some of the key market participants in the Binoculars and Mounting Solutions Market are S4Gear, ZEISS, Lunt Engineering USA, LEICA, Nikon Corporation, Bushnell Outdoor Products and OLYMPUS CORPORATION among numerous 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 categories such as market segments, geographies, types, technology and applications.

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Key Segments Profiled in the Binoculars and Mounting Solutions Industry Survey Report Scope

Application:

  • Defense
  • Maritime
  • Land and Survey
  • Space

Magnification Type:

  • 1X
  • 2X
  • 3X
  • 4X
  • More than 4X

Lens Coating Type:

  • Single Coating Lens
  • Multi-coating Lens

Region:

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

About Future Market Insights (FMI)

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

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

Global Motorized Prosthesis Industry Targets US$139.4 Million Valuation by 2032, Sustaining a Striking 14.4% CAGR | FMI

The Global Motorized Prosthesis Industry is experiencing a remarkable ascent, with recent insights from leading industry analysts forecasting an estimated value of US$139.4 million by the year 2032. This trajectory marks a substantial leap from the recorded value of US$31.9 million in 2022, reflecting an impressive growth journey. Projections suggest that the industry is set to maintain a robust Compound Annual Growth Rate (CAGR) of 14.4% throughout the forecast period from 2022 to 2032.

Motorized prostheses, cutting-edge artificial medical devices crafted to restore the functionalities of missing body parts due to factors such as trauma, congenital conditions, or various diseases, have become focal points of innovation in the medical field. This revolutionary concept seamlessly blends biomedical engineering and neuroscience, offering a beacon of hope for individuals seeking enhanced mobility and quality of life.

The market’s exponential growth underscores the increasing recognition of motorized prostheses as transformative solutions in healthcare. As advancements in technology and medical sciences converge, the industry is witnessing a paradigm shift in addressing the needs of those affected by limb loss.

The core of motorized prostheses lies in brain-computer interfaces, harnessing the power of neurological signals to enable the biological functioning of absent body parts. These cutting-edge devices form a complex network of motors and cognitive modalities, aimed at supporting autonomous nervous system functioning, including devices designed for bladder control.

This remarkable market growth underscores the increasing demand for advanced medical solutions that enhance the quality of life for individuals affected by limb loss or neurological conditions. As technology continues to advance, motorized prostheses are poised to play a pivotal role in the healthcare industry.

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The motorized prosthesis are in research and development phase, and various technological advancements has been witnessed in developing a novelty product to support the normal functioning of the body. The motorized prosthesis are based on target muscle innervation (TMR) technology.

Global Motorized Prosthesis Industry: Drivers and Restraints

The motorized prosthesis market is expected to show tremendous growth during the forecast period. The factors such as technological advancement in motorized prosthesis, increasing research and development expenditure to support the life of affected patients are driving the growth of the Global Motorized Prosthesis Industry.

Increasing healthcare infrastructure along with the growth in IT infrastructure are also driving the growth of the Global Motorized Prosthesis Industry. In addition, according to research studies conducted, approximately 2 million individuals are living without a limb in the U.S. alone, and nearly 185,000 amputations occur in the U.S. every year.

However, the motor prosthesis is in its initial phase of development, and factors such as high developmental cost, and pricing are the major constraints of the Global Motorized Prosthesis Industry growth. The factors such as modelling of the device, power consumption, size, and biocompatibility are major issues which can hamper the growth of the Global Motorized Prosthesis Industry.

Moreover, due to the presence of batteries and motor, they are likely to be heavy as compared with body-powered prosthesis, and thus impede the motorized prosthesis market growth.

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Global Motorized Prosthesis Industry: Overview

The Global Motorized Prosthesis Industry is an emerging technology and is adopted by a large number of affected patient population base. The motorized prosthesis are based on the integration with the nervous system to conduct the functioning of the replaced body part by a device known as a controller that maintains the compatibility between the patient’s nervous system and muscular systems.

Motorized prosthesis work by sending users’ commands to the device’ actuators, and deduces the feedback from the biosensors. Motorized hand prosthesis are widely used as compared with the motorized leg prosthesis. The information technology also plays a crucial role in the development of the motorized prosthesis.

The various programs have been conducted such open-source robotic prosthesis through which various collaboration are made by players for bringing advancement in the technology coupled with lowering the cost of the devices by using 3D printing technology for custom made fabrication.

Motorized Prosthesis Industry: Region Wise Outlook

Geographically, the Global Motorized Prosthesis Industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.  North America is projected to hold the largest share of motorized prosthesis in the global market, followed by Western Europe, owing to more developed healthcare infrastructure and ease of access to advanced technology.

In addition, high disposable income, support from the governmental bodies, and favorable reimbursement scenario are driving the growth of the motorized prosthesis market. The market in Asia-Pacific is expected to show the fastest growth over the forecast period owing to the consistent technological advancement, increasing R&D investment by the public and private bodies.

The market in regions such as Latin America, Middle East, and Africa are anticipated to show sluggish growth owing to low per capita income, lack of skilled personnel, and limited medical facilities.

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.

Global Motorized Prosthesis Industry: Key Players

Some of the market participants in the global motorized prosthesis market are Advanced Arm Dynamics, Bionic Prosthetics and Orthotics, BionX Medical Technologies, Inc., Faulhaber Group, Freedom Innovations, LLC, Mobius Bionics LLC, Össur hf., Otto Bock HealthCare GmbH, Sensars Neuroprosthetics, and Touch Bionics Inc.

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Key Segments:

By Target Population:

  • Pediatric
  • Adult

By End-User:

  • Optics and Hospitals
  • Orthopedic Clinics
  • Trauma Centers

By Region:

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

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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Galvanic Isolation Market Growth Opportunities: CAGR of 5.2% and US$ 250.3 Million Forecasted by 2032

The Galvanic Isolation Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Galvanic Isolation market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Galvanic Isolation. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Galvanic Isolation Market is currently witnessing robust expansion, characterized by its segmentation across multiple verticals and regions. This sector spans diverse industries such as telecommunications, healthcare, public services, manufacturing, energy and utilities, as well as transportation. This intricate segmentation underscores the pervasive adoption and escalating need for galvanic isolation solutions across various sectors, aiming to ensure heightened levels of safety and protection.

Anticipated data points to a projected demand surge in the Galvanic Isolation Market, estimating an average Compound Annual Growth Rate (CAGR) of approximately 5.2% during the period spanning 2022 to 2032. This growth trajectory can be attributed to the mounting requirements emerging from pivotal verticals, notably including the telecom, healthcare, and industrial sectors.

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In order to get rid of stray current, functional parts of electrical systems are isolated using the design technique known as galvanic isolation. Galvanic isolation, which ensures that AC signals but not stray current pass through the circuit, is typically accomplished using optical isolators and transformers. In healthcare equipment, monitoring systems, and intrinsic safety isolators, various galvanic isolation components like relays and capacitors are used. Galvanic isolation can also be used in inverters, UPSs, and medical imaging devices, among other things.

Global Galvanic Isolation Market: Segmentation

Galvanic isolation market is segmented into vertical and region. On the basis of vertical the global galvanic isolation market is segmented into telecom sector, healthcare sector, public sector, industrial sector, manufacturing sector, energy and utility sector, and transportation sector. FMI forecasts, telecom sector is expected to create a huge market opportunity for key players operating in the galvanic isolation market. Region wise the global galvanic isolation market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).

Global Galvanic Isolation Market: Region Wise Outlook

The global galvanic isolation market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025. North America held the lead in terms of relative market share consumption value of galvanic isolation market in 2014. As per FMI projection, the galvanic isolation market in APEJ region is expected to grow at a fastest CAGR during the forecast period.

Global Galvanic Isolation Market: Drivers

Galvanic isolation device is easy to install, provides signal conversion options and is cheaper than other isolators. In addition, long-term performance of galvanic isolation device and application specific design are some of the major factors identified in the market that are driving the growth of galvanic isolation market across the globe.

Global Galvanic Isolation Market: Restraint

Failure of galvanic isolation devices without any notification, alert or symptoms can act as a restraint which is expected to hinder the growth of the galvanic isolation market.

Global Galvanic Isolation Market: Competitive Landscape

Major players in the global galvanic isolation market focus on investing on research and development activities in order to come up with advanced products. For example, Avago Technologies limited launched dual-channel R2Coupler optocoupler devices, the ACFL-621xT and ACFL-521xT in 2015. These optocoupler have especially been designed for automotive applications. Additionally, in the same year, Avago Technologies limited launched a wide range of latest industrial fiber optical products in Europe.

Global Galvanic Isolation Market: Key Players

Some of the major players operating in the global galvanic isolation market are Corrpro Companies Inc., Avago Technologies limited (AVGO), STMicroelectronics N.V., ROHM Semiconductor, Perle Systems Europe Ltd., Infineon Technologies AG, Professional Mariner LLC., Pepper+Fuchs GmbH and Analog Devices Inc. (ADI) etc.

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The report covers exhaustive analysis on:

  • Galvanic Isolation Market Segments
  • Galvanic Isolation Market Dynamics
  • Historical Actual Market Size, 2012 – 2014
  • Galvanic Isolation Market Size & Forecast 2015 to 2025
  • Supply & Demand Value Chain
  • Galvanic Isolation Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Galvanic Isolation Market Drivers and Restraints

Regional analysis for Galvanic Isolation Market 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

About Future Market Insights (FMI)

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

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

Global Implantable Collamer Lens Industry Gears Up for Staggering US$ 838.2 Million Growth by 2032, Fueled by a Remarkable 13.1% CAGR | FMI

Future Market Insights (FMI), a leading market intelligence firm, has unveiled its latest industry analysis, revealing that the Global Implantable Collamer Lens Industry achieved a valuation of approximately US$ 212.9 million in 2021. Projections from the comprehensive study suggest a robust sales surge, with a compelling compound annual growth rate (CAGR) of 13.1% anticipated over the forecast period, propelling the market to an impressive valuation of US$ 838.2 million by 2032.

Innovation in Vision Correction: The Rise of Visian Implantable Collamer Lens (ICL)

Refraction surgeons, seeking advanced solutions for myopia cases unresponsive to excimer laser treatments, have leaned on phakic intraocular implants for the past two decades. A pivotal player in this landscape is the Visian Implantable Collamer Lens (ICL), a posterior chamber phakic intraocular lens designed and manufactured by STAAR Surgical.

Approved by the U.S. Food and Drug Administration (FDA) in 2005, the Visian ICL has consistently demonstrated its effectiveness in correcting myopia, showcasing the capacity to address refractive errors of up to 18.00 diopters. This groundbreaking lens has gained acclaim among surgeons and patients alike for its precision and reliability, marking a significant milestone in the evolution of vision correction technology.

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The ICL was only offered in the U.S. in a spherical variant until 2018. As a result, high astigmatism and high myopia could not be treated simultaneously. In light of this, several surgeons in the refractive fiend adopted a sequential operation strategy that employs the use of an excimer-laser enhancement after ICL implantation. This sequence has been referred to as “Bioptics”.

The use of ICL in refractive surgery is increasing. ICLs are often regarded as an alternative to laser-based corneal procedures such as LASIK and photorefractive keratectomy (PRK). The implantable collamer lens is a specific type of posterior chamber phakic intraocular lens (pIOL). High levels of refractive error or situations where corneal refractive surgery is not recommended call for the adoption of pIOL. Quicker healing and reversibility are the additional benefits of this procedure over corneal refractive surgery.

High incidence of cataracts and other vision impairments among elderly and diabetic individuals is underpinning the need for implantable collamer lens. In addition to this, rising healthcare costs, and government-backed investments for the construction of healthcare infrastructure are some of the key factors propelling the market.

Key Takeaways from the Global Implantable Collamer Lens Industry:

  • By indication, sales in the myopia segment are slated to increase at a 12.6% CAGR through 2032.
  • In terms of end user, demand in the hospitals segment will grow at a 7% CAGR during the forecast period.
  • China accounted for 6%of the total market share in 2021 and the trend is expected to continue over the assessment period.
  • The U.S. will continue dominating the North America implantable collamer lens market through 2032.
  • Japan will emerge as a lucrative pocket in the East Asia implantable collamer lens market.

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Global Implantable Collamer Lens Industry Competition Landscape

The Global Implantable Collamer Lens Industry includes only one manufacturer known as STAR SURGICAL. Incorporated in 1982 to develop, produce, and market implantable lenses, the company is the first to receive the U.S. FDA approval for implantable collamer lenses. Some recent developments include:

  • In April 2021, STAAR submitted clinical data to the FDA to support marketing approval for their EVO family of myopia lenses. The submission remains under interactive review with the FDA.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Global Implantable Collamer Lens Industry in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research study is based on the indication (myopia, hyperopia, and astigmatism), and end-user (hospitals, ophthalmic clinics, ambulatory surgical centers, and eye research institutes), across seven key regions.

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you to devise innovation-driven trajectories for your business.

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Key Market Segments Covered in Global Implantable Collamer Lens Industry Research

By Indication:

  • Myopia
  • Hyperopia
  • Astigmatism

By End User:

  • Hospitals
  • Ophthalmic Clinics
  • Ambulatory Surgical Centers
  • Eye Research Institutes

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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