Electrophoresis Market Electrifying Ascent: Anticipating a Surge to US$ 3.5 Billion by 2032

The Global Electrophoresis Market is expected to grow at a 4.7% CAGR from 2022 to 2032, with a market value of about US$ 2.2 billion in 2022. According to Future Market Insights, reagents and consumables will account for approximately 48.7% of the global market in 2021.

Ongoing technological advancements in the medical and healthcare sector and rising demand for novel therapies and drugs, together with rising research projects allied with certain biomolecules are the key driving factors for the electrophoresis market.

Developing markets with improving healthcare infrastructure and high disposable income are expected to fuel the electrophoresis market’s expansion throughout the forecast period. In contrast, because electrophoresis takes a long time to complete, it may act as a key restraint on the market because it only allows for restricted sample analysis.

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Electrophoresis market would benefit from improvements in speed, precision, and sensitivity, which would help the market expand. In addition, the growing interest in and demand for gene and DNA research will significantly boost market expansion. In addition, the rising demand for novel drugs and solutions is expected to boost growth.

Growing burden of cancer, bacterial infections, and genetic diseases, along with rising investments for electrophoresis research, increasing industry-academic collaborations, growing use of capillary electrophoresis with mass spectroscopy will augment sales.

are all driving the electrophoresis market.

“Broad ranging applications of electrophoresis, growing utilization of next-generation sequencing, and rising advancements in genomics are set to propel the growth in the electrophoresis market,” says an FMI analyst.

Key Takeaways from Market Study

  • Reagents and consumables as products are expected to hold about 47.7% market value share by the end of 2032 and are expected to display a CAGR growth of 4.6% over the forecast period.
  • Pharma and biotech companies hold a higher end user segment share in terms of market share value of 26.7% in 2021, over diagnostic laboratories as end users. The shift is encouraged by the growing research activities, owing to larger funding by the government.
  • North America is slated to be the largest leading region with a value share of 32.5% at the end of the forecast period, owing to the technologically advanced medical device integration into healthcare treatment procedures, and high government healthcare spending.

Market Competition

Competitive Landscape

Key players operating in the global electrophoresis market are investing in collaborations with the academic and research institutes for growth and innovation in electrophoresis. They are also focusing on developing different automated electrophoresis systems which have integrated software for efficient use of this technique. With the increase in research and development in this field, various applications such as food safety and quality control have come into picture.

Agilent Technologies, Bio-Rad Laboratories, Inc., Helena Laboratories Corporation, Hoefer, Inc. (Harvard Biosciences), Merck KGaA, PerkinElmer Inc., SCIEX, SERVA Electrophoresis GmbH, Thermo Fisher Scientific Inc., Danaher Corporation, Shimadzu Corporation, Takara Bio, Inc., TBG Diagnostic Ltd, Cleaver Scientific, QIAGEN N.V., Eurogentic, Sebia Group, Analytik Jena, Lonza Group

For instance:

  • In September 2019, Bio-Rad Laboratories, Inc. announced the launch of the Science of Opioid Dependence Kit, which offers high school and undergraduate educators a simple hands-on DNA electrophoresis activity to teach complex genetics owing to the opioid crisis.
  • In September 2021, SCIEX announced its state-of-the-art capillary electrophoresis solution, the “BioPhase 8800 system”. The system is an advanced, novel multi-capillary system with the ability to process 8 samples at the same time, ensuring sample consistency and providing reliable and precise results.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global electrophoresis market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the electrophoresis market segment based on   product (instruments (horizontal systems, vertical systems, capillary electrophoresis systems, and automatic electrophoresis systems), reagents and consumables (gel and buffers & others), and software), end user (hospitals, diagnostic laboratories, pharma & biotech companies, CROs and CMOs, academic & research institutes and forensic laboratories), across seven key regions of the world.

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Key Market Segments Covered in Electrophoresis Industry Research

By Product:

  • Instruments
    • Horizontal Systems
    • Vertical Systems
    • Capillary Electrophoresis Systems
    • Automatic Electrophoresis Systems
  • Reagents and Consumables
    • Gel
      • Polyacrylamide Gel Electrophoresis
      • Agarose Gel Electrophoresis
      • Others
    • Buffers & Others
  • Software

By End User:

  • Hospitals
  • Diagnostic Laboratories
  • Pharma & Biotech Companies
  • CROs and CMOs
  • Academic & Research Institutes
  • Forensic Laboratories

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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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T: +1-845-579-5705

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Specimen Transport Bags Market Analysis: Current Scenario, Key Insights, Emerging Trends, Opportunities and Future Prospects by 2032

According to a comprehensive 250-page report, the specimen transport bags market is poised for robust growth, with an anticipated CAGR of 9.8% projected for the forecast period spanning from 2022 to 2032. In 2022, the market was valued at US$ 244.7 Million and is projected to reach an impressive valuation of US$ 623.24 Million by the year 2032.

Specimen transport bags, also known as biohazard bags or medical specimen bags, are specially designed bags used in the healthcare and medical industries to safely transport biological samples, specimens, and potentially hazardous materials. These bags are essential for maintaining the integrity of samples and preventing contamination during transportation.

In the modern world, these bags are used so things can be done more quickly and easily. Specimen transport bags are used to prevent the specimen from dust and leakage. The two-pocket specimen transport bags use a secondary watertight receptacle in accordance with shipping biological substances.

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Key Factors Driving the Specimen Transport Bags Market:

  1. Medical and Healthcare Industry Growth: The growth of the healthcare and medical sectors, including hospitals, diagnostic laboratories, and clinics, drives the demand for specimen transport bags.
  2. Stringent Regulations: Regulatory bodies, such as the FDA in the United States and similar agencies worldwide, mandate the proper handling and transportation of medical specimens, leading to increased use of compliant transport bags.
  3. Biological Research: Advancements in biomedical research and the need to transport research specimens contribute to the demand for high-quality specimen bags.
  4. Infectious Disease Control: The ongoing concern for infectious diseases, including the COVID-19 pandemic, underscores the importance of safe and secure specimen transportation.
  5. Environmental Concerns: Growing environmental awareness has led to the development of eco-friendly specimen transport bag options, meeting sustainability goals in healthcare settings.

Types of Specimen Transport Bags:

  1. Biohazard Bags: These bags are designed to safely contain and transport potentially infectious materials and biological samples. They often feature biohazard symbols and color-coding for easy identification.
  2. Zip-Lock Specimen Bags: These bags come with resealable zip-lock closures to provide a secure seal and prevent leakage or contamination of specimens.
  3. Tamper-Evident Bags: Specimen transport bags with tamper-evident features are used when the integrity and security of the specimen need to be assured.
  4. Compliant Transport Bags: These bags comply with specific regulations and standards, ensuring the safe handling and transportation of medical specimens.

Market Trends and Future Outlook:

  • The introduction of antimicrobial specimen transport bags with built-in protection against contamination and the spread of pathogens.
  • Increased use of RFID (Radio-Frequency Identification) technology in specimen bags for tracking and monitoring during transportation.
  • The development of specimen bags that can maintain temperature stability for the transportation of sensitive samples, such as vaccines and organ transplants.
  • A growing emphasis on sustainability and the use of biodegradable and recyclable materials in specimen transport bag manufacturing.
  • Expansion of the market in emerging economies due to increased healthcare infrastructure development and higher healthcare standards.

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Market Players:

  • Stellar Scientific
  • Andwin Scientific Softbox Systems
  • Heathrow Scientific
  • Alifax Holdings Spa
  • Fisher Scientific
  • Sarstedt

Key Segments Profiled in Specimen Transport Bags Market:

By Material Type:

  • Polyethylene (PE)
  • Low Density Polyethylene (LDPE)
  • Linear Low-Density Polyethylene (LLDPE)
  • Polypropylene (PP)
  • Poly Vinyl Chloride (PVC)
  • Poly Lactic Acid (PLA)
  • Ethylene Vinyl Alcohol (EVOH)
  • Other Plastic

By Product Type:

  • Opaque
  • Clear

By Application:

  • Pharmaceutical Distribution Bags
  • Cash/Coin Deposit Bags
  • Evidence Bags
  • Strap Bags
  • Card & Dice Bags

By End-Users:

  • Financial Institutions
  • Courier Services Companies
  • Hospitals
  • Casinos
  • National Retail Companies
  • Hotels
  • Government Organization
  • Academic Institutions

By Region:

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

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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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Sterilization Box Market Demand, Industry Opportunities, Shares, Values US$ 32.7 Bn by 2033

The global sterilization box market is anticipated to reach a valuation of US$ 15.9 billion in 2023, driven by cross-contamination prevention. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 32.7 billion by 2033.

One of the major factors contributing to the growth of the sterilization box market is the regulatory compliance. Stringent regulatory standards and guidelines mandate proper sterilization practices across healthcare facilities. Sterilization boxes that adhere to these regulations and offer comprehensive documentation and reporting features enable healthcare providers to demonstrate compliance, quality assurance, and patient safety.

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The growing emphasis on sustainability and the circular economy has prompted healthcare facilities to adopt environmentally friendly practices. Sterilization boxes made from recyclable and sustainable materials align with these principles, appealing to healthcare providers and organizations committed to reducing their environmental footprint.

Sterilization boxes offer customization options to cater to the specific sterilization needs of different medical instruments and equipment. The ability to accommodate diverse items, sizes, and shapes enhances their versatility and applicability across various healthcare specialties.

Key Takeaways from the Market Study

  • Global sterilization box market was valued at US$ 14.8 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 3.4%.
  • North America is expected to expand at a dominant CAGR of 7.4% during the forecast period.
  • By material, plastic segment is expected to constitute a CAGR of 7.4% in 2033.
  • On the basis of end user, hospitals segment is expected to dominate the market with a CAGR of 7.4% in 2033.
  • From 2023 to 2033, sterilization box market is expected to flourish at a CAGR of 7.5%.
  • By 2033, the market value of sterilization box is expected to reach US$ 32.7 billion.

Outbreak management and preparedness, across the globe, is a major factor that is expected to propel the growth of the sterilization box market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the sterilization box market are Wagner GmbH, Medline Industries, Inc., Aesculap, Inc., CareFusion Corp., Midmark Corporation Aygun CO., Inc, MELAG Medizintechnik Ohg, GPC Medical Ltd., Ace Osteomedica,  Sterilucent, Inc., and AYGUN CO., among others.

Recent Developments:

  • In 2023, Midmark Corporation, a manufacturer of healthcare equipment, announced the launch of a new sterilization box that is specifically designed for the sterilization of surgical instruments. This box is made from a lightweight material that is easy to transport, making it ideal for use in hospitals and clinics.
  • In 2022, Aesculap, Inc., another major player in the sterilization box market, introduced a new sterilization box that is specifically designed for the sterilization of dental instruments. This box is made from a unique material that is resistant to chemicals and heat, making it ideal for the sterilization of dental instruments.
  • In 2022, BD, a global healthcare company, launched a new sterilization box that is specifically designed for the sterilization of laboratory equipment. This box is made from a durable material that is resistant to chemicals and moisture, making it ideal for the sterilization of laboratory equipment

Key Segments Covered

Material

Product Type

End User

Region

More Valuable Insights Available

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

To understand opportunities in the sterilization box market, the market is segmented on the basis of material (plastic, and metal), by product type (perforated, and non-perforated), by end users (hospitals, drug manufacturing, clinical research centre, and laboratories), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Flying Higher: Aviation Fuel Additives Market Set to Reach US$ 1730.9 Million by 2033 at 6.2% CAGR

The global aviation fuel additives market is anticipated to attain a valuation of US$ 940.82 million in 2023 and is projected to reach US$ 1730.9 million by 2033, trailing a CAGR of 6.2% during the forecast period.

The market for aviation fuel additives is experiencing significant growth due to increased demand from the aviation industry. Also, extensive research and development efforts are undertaken in the aviation fuel additives industry.

A diverse range of products has been developed to cater to companies involved in converting hydrocarbon fuels for applications like transportation and electricity production. According to ATC data, around 95 percent of on-road retail fuel is treated with performance additives, meeting European government standards. Furthermore, market expansion is expected to be driven by increased research and development in the Ultra-Low Sulfur Diesel sector.

The demand for jet fuel additives is expected to benefit from strict emissions regulations imposed on automobiles and refineries. Also, concerns regarding air pollution resulting from incomplete and complete combustion of hydrocarbons are driving growth and expansion in the jet fuel additives product portfolio.

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The Clean Air Act, for instance, mandates the use of detergents and deposit control additives to reduce carbon monoxide emissions. Moreover, a wide range of additives for different types of fuels enhances fuel performance.

Fuel-related issues in engines and machinery, including fuel efficiency, can be effectively addressed through the application of additives. These additives are commonly utilized in refineries, distribution systems, and storage tanks across various transportation systems and vehicles.

Petroleum oils undergo rapid photo-oxidation and biodegradation due to marine microorganisms utilizing them as a carbon source. This degradation primarily occurs at the oil-water interface, resulting in the formation of various compounds that degrade the quality of petroleum oil. Under specific conditions, these factors accelerate the oxidation process. Fuel additives effectively remove carbonaceous deposits from combustion chamber walls.

Ongoing crude oil reservoir mining for petroleum oil and natural gas contributes to the declining quality of crude oils. In addition, the increasing demand for additives to maintain quality and meet government regulations is expected to propel market growth.

Key Takeaways

  • The demand for aviation fuel additives in India is projected to expand with a promising CAGR of 6.2% during the forecast period.
  • India is expected to accumulate over 24.6% market share by the end of the forecast period.
  • The sales of aviation fuel additives in the United States are expected to rise with a CAGR of 6.1% during the forecast period.
  • By application, military aircraft are expected to generate significant demand for aviation fuel with a CAGR of 7% during the forecast period.

“Growing concerns regarding air pollution caused by incomplete and complete combustion of hydrocarbons is expected to drive market growth during the forecast period,” – comments an FMI Analyst

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Competitive Landscape

The market for aviation fuel additives is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

Key Innovations in the Aviation Fuel Additives Market

  • In September 2021, Royal Dutch Shell plc announced plans to produce around 2 million tonnes of sustainable aviation fuel (SAF) annually until 2025. The company’s objective is to have at least 10% of its global aviation fuel sales composed of SAF.
  • In January 2021, BASF Enzymes LLC and Innospec Fuel Specialties LLC forged a distribution agreement to enhance consumer value and showcase their dedication to the ethanol yield business.
  • In December 2021, BASF introduced KEROPUR-D, a new multipurpose diesel additive, in South Korea. This high-performance additive effectively eliminates engine deposits and prevents the formation of new deposits.
  • In November 2021, Evonik revealed the establishment of a state-of-the-art oil additive performance test lab in the Asia Pacific region.

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Top Key Players in the Global Market

  • Afton Chemical Corporation
  • BASF SE
  • Dorf-Ketal Chemicals India Pvt., Ltd.
  • Hammonds
  • Meridian Fuels
  • Nalco an Ecolab Company
  • Shell Chemicals LP
  • The Chemours Company
  • Biobor Fuel Additives
  • Nexeo Solutions.
  • Innospec Chemical Company
  • Albemarle Corporation

Key Segmentation

By Additive Type :

  • Dispersants
  • Antioxidants
  • Anti-Icing
  • Corrosion Inhibitors
  • Antiknock
  • Metal Deactivators
  • Others

By Fuel Type :

  • Aviation Gasoline
  • Jet Fuel

By Application :

  • Commercial Aircraft
    • Passenger Aircraft
    • Cargo Aircraft
  • Military Aircraft
  • Others

By Region :

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

About the Chemicals & Materials Division at Future Market Insights

The chemical & materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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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Packaging Jars Market Value Projected at US$ 43,974.3 Million by Forecast 2032

The global packaging jars market is expected to exhibit a moderate CAGR of 2.9% over the forecast period. As of 2022, the market is valued at US$ 33,040.4 Million. Projections indicate that the market’s value is poised to reach US$ 43,974.3 Million by 2032. Historical data, as analysed by experts from Future Market Insights, reveals a recorded CAGR of 2.5% for the packaging jars market.

The emerging economies are witnessing an increase in female workforce, which calls for ready-to-use food, beverages, cosmetics, personal care products, and – pharmaceuticals. The challenges faced by various verticals include moisture and long distance transportation. They could be addressed well through packaging jars. The packaging jars market is thus expected to witness a stellar growth in the forecast period.

At the same time, the fact that flexible packaging solutions are taking over rigid packaging jars can’t be ignored. Also, raw materials, especially the sustainable ones, are witnessing volatility in prices. There are also issues regarding recycling these rigid jars. These factors could restrain the packaging jars market in the forecast period. Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Packaging Jars market’. It has worked on both – micros and macros herein.

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Key Takeaways from Packaging Jars Market

  • North America and Europe are at the matured stage of packaging jars market and the situation is expected to persist even in the forecast period.
  • The Asia-Pacific is expected to witness growth of packaging jars market at the fastest pace with Australia, Japan, India, and China holding the baton.
  • LATAM is also expected to pick up pace herein with Brazil taking the top brass.

Competitive Jars

  • Owens-Illinois, in January 2021, went on records to state that it has revived the initially idled furnace stationed at Waco (Texas). This was the outcome of rising demand for jars to pack alcoholic beverages.
  • Graham Packaging, in January 2021, came up with a novel website to mark its corporate identity. The company’s objective is that of re-introducing itself for reinstating and elevating commitment toward sustainable and smart packaging to adhere to environmental-friendliness.
  • ALPLA Group, in August 2021, announced that it had acquired Wolf Plastics Group for enhancing the product portfolio, thereby making itself present in South-eastern and Central Europe.
  • Saverglass, in November 2021, did open a new-fangled 430K square foot multi-service warehouse in Fairfield (California) for providing quick access to alcohol- and wine-producing companies for glass bottle services.
  • Verescene, in November 2021, announced launching Verre Infini 20 (Infinite Glass). It comes across as a new-fangled glass composition for expanding its PCR1 glass manufacturing capabilities all over. As of now, the production is carried out in Spain and France, and is likely to be implemented in South Korea in 2023 and the US in 2022.
  • Vitro, in October 2021, announced investing US$ 70 Mn to construct a novel container furnace at Vitro plant in Toluca (Mexico).

“With increased urbanization, the demand for on-the-go products with reduction in downtime (say – in terms of cooking) is expected to increase. This factor is bound to record marked growth of packaging jars market in the near future”, says an analyst from Future Market Insights.

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Market Players:

  • Owens Illinois Group Inc.
  • Amcor Ltd
  • Owens Bottle Company
  • Berry Global Inc.
  • Graham Packaging Company Inc.
  • Ball Corporation
  • Silgan Holdings Inc.
  • AG Poly Packs Ltd.
  • Olcott Plastics, Inc.
  • Cospak Pty Ltd.
  • Beatson Clark.

Segments Covered

  • Material Type
  • Product Type
  • Capacity
  • End User
  • Region

What Package does the Packaging Jars market get?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the packaging jars market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on material type (plastic (polyethylene (PE), HDPE, LDPE, polyethylene terephthalate (PET), polycinyl chloride (PVC), polystyrene (PS), polypropylene (PP), ethyl vinyl alcohol (EVOH) and glass), by product type (straight sided, snap top, domed based, taped jars, and others), by capacity (small size (less than 10 oz), medium size (10 oz to 30 oz), large size (30 oz to 100 oz), and very large size (100 oz & above), and by end-user (food and beverages, cosmetics and personal care, home care, pharmaceuticals, chemicals and lubricants, and others).
  • Packaging jars go well with reactive and volatile products. Also, they are reported to be more durable. These factors would render the packaging jars market indispensable in the near future.

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Fostering Animal Wellness: Veterinary Endoscopes Market Envisioned to Reach US$ 560.3 Million Valuation by 2032

According to Future Market Insights Veterinary Endoscopes Market industry analysis report, global sales of Veterinary Endoscopes in 2021 will be US$ 227.2 Million. The projected market growth from 2022 to 2032 is 8.7%, which is significantly higher than the historical growth. Diagnostic applications are expected to generate the most revenue, with an absolute dollar opportunity of nearly US$ 216 Million between 2022 and 2032.

Surging incidences of animal diseases and treatment options are the major factors maintaining the veterinary endoscopy market growth. Another factor spurring market growth is increasing pet or companion animal ownership in advanced as well as developing economies.

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

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Key Takeaways from the Veterinary Video Endoscopy Market Study Report

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

Competitive Landscape for the Veterinary Video Endoscopy Market Players

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

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

Recent Developments by the Veterinary Video Endoscopy Industries

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

Key Companies Profiled:

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

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Key Segments in Veterinary Video Endoscopy Industry Analysis Report

Veterinary Video Endoscopy Industry by Solutions:

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

Veterinary Video Endoscopy Industry by Product Type:

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

Veterinary Video Endoscopy Industry by Animal type:

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

Veterinary Video Endoscopy Industry by Application:

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

Veterinary Video Endoscopy Industry by Procedure:

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

Veterinary Video Endoscopy Industry by End-users:

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

Veterinary Video Endoscopy Industry by Region:

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

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Radiance on the Horizon: X-Ray Systems Market Gears Up to Illuminate with a US$ 8.7 Billion Valuation by 2032

According to Future Market Insights X-Ray Systems Market analysis report, global sales of X-Ray Systems Market in 2021 will be US$ 6.9 Billion. The projected market growth of 2.2% between 2022 and 2032 is expected to be significantly higher than the historical growth. Computed Radiography is expected to be the most profitable segment, with a CAGR of more than 2.2% between 2022 and 2032.

Medical imaging has changed dramatically in recent years as a result of the rising popularity of digital radiology systems. Diagnostic accuracy is at the heart of the healthcare sector, and digital X-ray imaging is a large part of it. Furthermore, the inclusion of AI in these systems has aided market expansion. A primary driver of the segment is the quest for early-stage identification of chronic disorders. Furthermore, market expansion is projected to be aided by future technological advances, greater product development, improved funding, and government efforts, particularly in emerging countries like as India and China.

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Market growth is likely to be fueled by rising awareness and acceptance of preventive healthcare and sickness screening programs. Diagnostic accuracy in the early stages of many illnesses is predicted to improve as image quality enhances. This can aid towards the faster diagnosis and treatment of a range of life-threatening conditions, such as cancer and a variety of cardiovascular issues. As a consequence, market growth is expected to be aided by growing use of X-ray equipment for detecting different illnesses.

In addition, as a result of the COVID-19 outbreak, demand for portable X-ray devices has increased dramatically. As healthcare professionals become more aware of the benefits of mobile X-ray systems, they may consider switching to mobile diagnostic equipment owing to its faster image processing, workflow optimization, integrated AI, and other features.

Key Takeaways from the Market Study

  • Global X-ray Systems Market is expected to cross a market size of US$ 7 Billion by 2022.
  • Computed Radiography technology, is expected to grow at the highest CAGR of 2.2% during the forecast period.
  • In terms of Mobility, Mobile X-ray Systems accounts for the highest CAGR of 2.1% during the historic period (2017to 2021).
  • United States is projected to remain the dominant market with absolute dollar opportunity of US$ 649 Million during 2022 to 2032.
  • The market in Japan is set to experience the highest CAGR of 2.9% during the 2022 to 2032 forecast period.

“Artificial intelligence and diagnostic accuracy are projected to boost the X-Ray industry at a rapid rate, due to the increasing number of patients suffering from various diseases, and the increasing number of surgeries performed to remove tumors and other diseases.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the X-ray Systems Market are focused on R&D to produce innovative technological solutions.

  • In October 2021, Siemens Healthineers announced the launch of Luminos Impulse, a 2-in-1 remote-controlled imaging system that combines fluoroscopy and radiography for better clinical productivity and efficiency.
  • In August 2021, GE Healthcare and Amazon Web Services entered into partnership wherein they will offer artificial intelligence and cloud-based imaging solutions to hospitals and healthcare providers.
  • In June 2021, the Indian government released X-Ray Setu, a free AI-based technology to assist clinicians with early Covid therapy.
  • In August 2020, Canon Inc. introduced a Mobile Digital X-ray system that simplifies detector charging and storage capacity while increasing detector wireless range and productivity. The SOLTUS 500 has received FDA 510(k) clearance.
  • In January 2020, Thales and NEHS Digital partnered together to deploy innovative technology to speed up the hospital admissions process during a crisis. This project brings together Thales’ radiography and AI expertise, as well as NEHS’ digital footprint in the French healthcare system.

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Market Segments Covered in X-Ray Systems Market Analysis

By Technology:

  • Digital Radiography
  • Computed Radiography

By Mobility :

  • Stationary
  • Mobile

By End Uses:

  • Hospitals
  • Diagnostic Imaging Centres

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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Interventional Cardiology Devices Market Leading the Way in Heart Health Advancements, Targets US$ 36.9 Billion Valuation by 2032

The global demand for Interventional Cardiology Devices Market is expected to grow at an 8.4% CAGR from 2022 to 2032. The market for interventional cardiology devices is expected to be worth US$ 16.4 billion in 2022 and US$ 36.9 billion by 2032.

Factors driving market growth include the increasing elderly population leading to a rise in coronary artery disease prevalence, as well as the introduction of new and advanced products, and a rising incidence of diabetes.

However, the availability of alternative therapies, as well as product failures and recalls, may limit market growth during the forecast period. Additionally, hospital visits have decreased due to lockdowns and social distancing, leading to lower sales for interventional cardiology products.

Leading companies in the Interventional Cardiology Devices market, including Boston Scientific, Medtronic, and Abbott, have reported revenue reductions in recent quarters. Despite this, the demand for interventional cardiology devices is expected to rise due to the high incidence of heart and circulation diseases, particularly in the United Kingdom.

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Risk factors such as diabetes and hypertension also contribute to the demand for interventional cardiology equipment, with a rising prevalence of these conditions expected in major markets as the world’s population ages. Emerging markets such as India, China, and Brazil offer significant potential opportunities for the industry due to a large geriatric population and high diabetes incidence.

Of all interventional cardiology devices, angiography catheters hold the largest market share due to the high prevalence of coronary artery disease and growing awareness of early identification.

North America currently dominates the market due to factors such as growing diabetes prevalence, an aging population, reimbursement availability, and the presence of major corporations.

KEY TAKEAWAYS:

  • In the product sector, Angioplasty Stents from the marketing attribution software market is anticipated to flourish at the quickest CAGR of 8% through 2032.
  • With a CAGR of 7.9% through 2032, North America is predicted to grow significantly in the region segment of the marketing attribution software market.
  • The market size for marketing attribution software market in the United States is expected to reach US$ 12.9 Billion by 2032, growing at a CAGR of 8.2% through 2032.
  • China is anticipated to reach a market size of US$ 2.7 Billion in marketing attribution software by 2032, with a CAGR of 7.8% through 2032.
  • UK’s marketing attribution software market is anticipated to be worth US$ 1.5 Billion by 2032, with a CAGR of 7.5% through 2032.
  • Japan is expected to have a market size for marketing attribution software of US$ 2.1 Billion by 2032, with a CAGR of 6.7% through 2032.
  • By 2032, South Korea is expected to reach a market size of US$ 1.3 Billion in marketing attribution software, with a CAGR of 6.2% through 2032.

COMPETITIVE LANDSCAPE:

Medtronic (US), Boston Scientific Corporation (US), Abbott (US), Edward Lifesciences Corporation (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson, and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KGaA are prominent Interventional Cardiology Devices market players (Germany).

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Key Segments

By Product:

  • Angioplasty Balloons
    • Old/Normal Balloons
    • Drug-eluting Balloons
    • Cutting and Scoring Balloons
  • Angioplasty Stents
    • Drug-eluting Stents
    • Bare-mental Stents
    • Bioabsorbable Stents
  • Structural Heart Devices
    • Aortic Valve Therapy Devices
    • Other Therapy Devices
  • Catheters
    • Angiography Catheters
    • Guiding Catheters
    • IVUS/OCT Catheters
  • Plaque Modification Devices
    • Atherectomy Devices
    • Thrombectomy Devices
  • Hemodynamic Flow Alteration Devices
    • Embolic Protection Devices
    • Chronic Total Occlusion Devices
  • Other Devices
    • Guidewires
    • Vascular Closure Devices

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
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Box Pouch Market Forecast: Growth Prospects, Opportunities, Demand and Challenges by 2033

“The worldwide box pouch market is expected to reach a valuation of approximately US$ 506.68 million in 2023, with further growth projections to reach around US$ 728.65 million by 2033. The demand for box pouches is anticipated to experience consistent growth at a compound annual growth rate (CAGR) of about 3.7% throughout the forecast period.”

A box pouch, also known as a flat bottom pouch or block bottom pouch, is a type of flexible packaging that combines the advantages of both a box and a pouch. It is characterized by its unique flat bottom design, which allows it to stand upright on store shelves and provide excellent stability for packaging various products. Box pouches have gained popularity in the food, pet food, and non-food industries due to their versatility, durability, and attractive presentation.

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Key Factors Driving the Box Pouch Market:

  1. Consumer Convenience: Box pouches are user-friendly and offer easy access to products. The flat bottom design makes them stable and suitable for a wide range of products, including snacks, coffee, pet food, and more.
  2. Product Freshness: Box pouches often come with features like resealable zippers and one-way degassing valves, which help maintain product freshness and extend shelf life.
  3. Sustainability: Increasing consumer and industry focus on sustainability has driven innovations in eco-friendly materials and designs for box pouches, reducing their environmental impact.
  4. Marketing Appeal: The unique design of box pouches provides ample space for branding and attractive graphics, making them an effective marketing tool for product promotion.
  5. Cost-Effectiveness: Box pouches are often more cost-effective than traditional rigid packaging like boxes or cans, as they use fewer materials and are lighter to transport.

Types of Box Pouches:

  1. Stand-Up Pouches: These box pouches have a flat bottom and can stand upright, making them ideal for products displayed on store shelves.
  2. Flat Bottom Pouches: These pouches have a flat base that provides stability, making them suitable for a wide variety of products, including liquids.
  3. Gusseted Box Pouches: These pouches have side gussets that expand when filled, creating a box-like shape with a flat bottom.
  4. Retort Box Pouches: Designed to withstand high-temperature sterilization processes, these pouches are used for packaging ready-to-eat meals and other products requiring extended shelf life.

Market Trends and Future Outlook:

  • Increasing adoption of box pouches in the food and beverage industry, especially for snacks, coffee, and pet food packaging.
  • Growing interest in sustainable packaging solutions, leading to the development of recyclable and compostable box pouch materials.
  • Ongoing advancements in packaging technology, including improved barrier properties and convenience features.
  • Expansion of the box pouch market in emerging economies as consumer preferences shift toward convenient and visually appealing packaging.

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Regional Analysis:

  1. North America:
  • Market Overview: North America has a well-established box pouch market, driven by consumer demand for convenient and sustainable packaging.
  • Key Trends: Increased consumer preference for on-the-go snacks and a focus on eco-friendly packaging are driving the growth of the box pouch market in North America.
  • Market Drivers: Convenience features such as resealable zippers and the rising popularity of specialty coffee and pet food products are boosting the demand for box pouches in this region.
  • Challenges: Intense competition among packaging manufacturers and the need to meet stringent environmental regulations are challenges faced by the market.
  1. Europe:
  • Market Overview: Europe’s box pouch market is experiencing steady growth, with a focus on sustainability and product differentiation.
  • Key Trends: The adoption of recyclable and compostable materials in box pouch production is a notable trend. Additionally, the rise of e-commerce is boosting the demand for innovative packaging solutions.
  • Market Drivers: The growing awareness of environmental concerns, along with stringent packaging regulations, is encouraging the use of sustainable packaging like box pouches.
  • Challenges: Competition from alternative packaging formats and the need for compliance with changing regulations are challenges faced by the industry.
  1. Asia-Pacific:
  • Market Overview: Asia-Pacific is a rapidly growing market for box pouches, driven by urbanization, changing lifestyles, and increased disposable income.
  • Key Trends: The rising demand for packaged food, snacks, and ready-to-eat meals is a significant trend in this region. Moreover, innovative designs and vibrant graphics are gaining popularity.
  • Market Drivers: A large and expanding consumer base, coupled with the e-commerce boom, is propelling the box pouch market’s growth in Asia-Pacific.
  • Challenges: Ensuring product quality and consistency while catering to diverse consumer preferences and regulatory variations across countries can be challenging.
  1. Latin America:
  • Market Overview: Latin America’s box pouch market is experiencing moderate growth, driven by the demand for flexible and cost-effective packaging solutions.
  • Key Trends: Increased interest in convenience foods, including snacks and beverages, is contributing to the growth of the box pouch market in this region.
  • Market Drivers: Economic development, urbanization, and changing consumer preferences for packaged goods are fueling the demand for box pouches.
  • Challenges: Economic volatility and the need to adapt to local market dynamics are key challenges for businesses in this region.
  1. Middle East and Africa:
  • Market Overview: The box pouch market in the Middle East and Africa is emerging, with growth potential driven by rising consumer awareness and expanding retail sectors.
  • Key Trends: Increasing demand for high-quality packaging for food and personal care products is a notable trend in this region.
  • Market Drivers: The growth of organized retail, urbanization, and a youthful consumer demographic are driving the adoption of box pouches.
  • Challenges: Infrastructure limitations and political instability in some areas can impact the market’s growth.

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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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Anticipated Blind Spot Detection Market Growth to Reach US$ 8.1 Billion by 2032: Elevating Road Safety

The Blind Spot Detection (BSD) market is experiencing significant growth due to a crucial need for improved safety measures in commercial vehicles. Despite the presence of numerous mirrors, these large vehicles often suffer from poor visibility, leading to an increased risk of accidents, especially side collisions. The inability of drivers to see what’s happening around them poses serious hazards. As a response to these challenges, heavy-duty vehicle manufacturers are now compelled to integrate advanced Blind Spot Detection systems into their products.

From 2022 to 2032, the blind spot detection market is expected to grow at a CAGR of 13.9%, reaching a value of US$ 8.1 billion.

Despite having plenty of mirrors, many commercial vehicles are large and have poor visibility, increasing the likelihood of an accident. A side collision with the heavy vehicle is likely because drivers can’t see what’s going on around them. This is compelling all heavy duty manufacturers to implement BSD, which is expected to fuel market growth.

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Automobile manufacturers are subject to stringent passenger safety regulations and standards, which are imposed by various government bodies in various countries. During the forecast period, the automotive industry’s technological growth, focus to adopt advanced technologies, develop structured safety features, and a rising adoption of autonomous vehicles is anticipated to create opportunities for the blind spot detection market.

During the forecast period, the global BSD market is anticipated to be benefited from an increase in per-capita spending power in developing economies, as well as growing demand for premium and luxurious features in passenger vehicles.

Key Takeaways:

  1. By technology type, sales in the camera sensor segment are expected to grow at a 13.8% CAGR over the forecast period.
  2. The U.S. will continue dominating the North America blind spot detection market, with total sales reaching a valuation of US$ 4 Billion in 2022.
  3. By Region, Europe and East Asia is expected to remain key markets for BSD, about 60.0% of the total market share by 2032.
  4. Based on vehicle type, the passenger vehicle segment is forecast to dominate the market with more than 69.2% of the total market share.

Competitive Landscape:

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, and Mobileye are some of the key manufacturers of BSD system.

Manufacturers /developers of blind spot detection are focusing on mergers, acquisitions and collaborations with OEMs and start-ups to improve their product portfolios and to gain a competitive edge in the market.

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ADAS Market by Category:

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

By Region:

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

 

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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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