Semiconductor Memory Market’s Remarkable Growth: Envisioning a US$ 354.5 Billion Valuation by 2033, Fueled by a Solid 7.5% CAGR

The semiconductor memory market is predicted to be worth US$ 172.0 billion in 2023, rising to US$ 354.5 billion by 2033. During the projection period, semiconductor memory sales are expected to grow at a substantial CAGR of 7.5%.

The spike in demand for memory and storage devices in next-generation connected automobiles and automotive safety systems is due to the market’s expansion. Electronics typically utilise semiconductor memory. It is a type of semiconductor device that saves digital data. The semiconductor memory is used in any piece of equipment that has a processor or controller of any kind.

There can be an increase in demand for semiconductor-based memory devices due to the growth in the number of data centers being built throughout the world and the high storage needs of different organizations.

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The growth of colocation data centers and hyperscale data in developed nations is driving up the price of semiconductor memory, which in turn is driving up the demand for connectivity, management, and storage of massive amounts of commercial data from mega facilities.

The semiconductor memory market is predicted to expand as a result of rising smartphone saturation, technological improvements, greater use and interest in smart gadgets, and other factors. The significant market launch of mobile computing and solid-state drives (SSD) is expected to assist worldwide business growth. Furthermore, the expanding demand in the electronics industry has a substantial impact on corporate expansion.

Key Takeaways from the Semiconductor Memory Market Report:

  • Recent years have seen a huge rise in the demand for smartphones, particularly in the Middle East and North America. The GSM Association estimates that 5.1 billion people worldwide, or 67% of the population, were mobile customers in 2018.
  • Consumer electronics commanded the worldwide semiconductor memory market and held close to 35% of the market share based on application. With the increasing use of semiconductor memory in wearable technology, smartphones, and tablets around the world, the segment is predicted to present all market participants engaged in the value chain with enticing growth prospects.
  • The Dynamic Random Access Memory (DRAM) sector, with a revenue share of more than 45%, dominated the market. The rise in demand is related to the development of artificial intelligence (AI) in smartphones, smartwatches, and laptops, which necessitates compatible memory products.
  • With a value share of more than 45% in the global semiconductor memory market in 2022, the Asia Pacific region held the top spot. This is indicated by the rising investments in data centers in nations like Singapore, India, and Indonesia, which has led to a significant increase in the demand for semiconductor memory in the region.

Competitive Landscape:

Due to the prominently shifting consumer preferences, there is intense competition among industry competitors in the worldwide semiconductor memory market. Consumer expectations have radically changed as a result of the application of modern technologies in consumer electronics, automotive, IT & telecom, medical, and other sectors, boosting competition among players. To meet the increased customer expectations, market firms are also making huge investments in research and development. In turn, this expands their product line and strengthens their market position.

Major Key Players:

  • Broadcom, Inc.
  • Intel Corporation
  • Qualcomm
  • Samsung Electronics
  • SK Hynix
  • Taiwan Semiconductors
  • Texas Instruments
  • Toshiba Corporation
  • Maxim Integrated Products, Inc.
  • Micron Technology
  • NVIDIA Corporation
  • NXP Semiconductors N.V.

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Semiconductor Memory Market Segmentation:

By Type:

  • RAM
    • Static Random-access Memory (SRAM)
    • Synchronous Dynamic Random Access Memory (SDRAM)
    • Magneto-resistive Random-access Memory (MRAM)
    • Dynamic Random-access Memory (DRAM)
  • ROM
    • Electrically Erasable Programmable Read Only Memory (EEROM)
    • Programmable Read Only Memory (PROM)
    • Erasable Programmable Read Only Memory (EPROM)
    • Flash Memory

By Application:

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Industrial
  • Medical
  • Telecommunications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The 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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Genomics Market Ignites a Genetic Revolution, Envisioning a Valuation of US$ 170.5 Billion by 2032 | Future market Insights,Inc.

According to Future Market Insights’ Genomics industry analysis report, global sales of Genomics in 2021 will be US$ 24.3 billion. The projected market growth rate from 2022 to 2032 is 19.8%, which is significantly higher than the historical rate. Functional Genomics Market is expected to generate the most revenue, growing at a CAGR of 23% from 2022 to 2032.

Crucial information and forecast statistics covered in the Genomics market report will arm both existing and emerging market players with necessary insights to craft long-term strategies.

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Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Genomics market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
  • Prompt and efficient customer service
  • Data collected from reliable primary and secondary sources
  • Highly trained and experienced team of research analysts
  • Seamless delivery of tailor-made market research reports

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Genomics Market: Segmentation

Valuable information covered in the FMI’s Genomics market report has been segregated into key segments and sub-segments.

By Application:

  • Functional Genomics
    • Real-time PCR
    • Transfection
    • SNP Analysis
    • Mutational Analysis
    • Microarray Analysis
    • RNA Interference
  • Pathway Analysis
    • Microarray Analysis
    • Bead-based Analysis
    • Proteomics Tools
    • Real-time PCR
    • Mass Spectrometry
  • Biomarker Discovery
    • DNA Sequencing
    • Microarray Analysis
    • Real-time PCR
    • Mass Spectrometry
    • Other Biomarker Discoveries
  • Epigenetics
    • Bisulfite Sequencing
    • Microarray Analysis
    • Chromatin Immunoprecipitation
    • Methylated DNA Immunoprecipitation
    • Other Epigenetics
  • Other Application & Technologies

By Deliverable:

  • Products
  • Services

By End-use:

  • Pharmaceutical and Biotechnology Companies
  • Hospitals and Clinics
  • Academic and Government Institutes
  • Clinical Research
  • Other End Users

Genomics Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Genomics market. Competitive information detailed in the Genomics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Genomics market report.

Key players:

Thermo Fisher Scientific, Agilent Technologies, Beijing Genomics Institute, Bio-Rad Laboratories, Danaher Corporation, F. Hoffmann-La Roche Ltd., GE Healthcare, Illumina Inc., Oxford Nanopore Technologies, QIAGEN N.V., Myriad Genetics, Inc., Quest Diagnostics Incorporated, Eppendorf AG, and Eurofins Scientific

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Important Questions Answered in the Genomics Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Genomics market been expanding during the forecast period?
  • How will the global Genomics market look like by the end of the forecast period?
  • What innovative strategies are adopted by Genomics market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Genomics market?

Key Offerings of the Report:

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Genomics market

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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Treatment-Resistant Depression Therapeutics Market Targets US$ 4 Billion Value by 2033 | Future Market Insights,Inc.

The global Treatment-Resistant Depression Therapeutics Market is experiencing rapid growth as the prevalence of depression and anxiety disorders amongst adults continues to rise, compounded by an aging population. By 2033 it’s projected to reach US$4.0 Billion in accumulated value due entirely new treatments being developed through innovative routes such as nasal inhalants or direct intravenous administration – offering relief where traditional methods have failed previously.

Despite the common use of traditional antidepressants to treat depression, they often require up to six weeks in order for patients to see an effect. However, new research has found that administering antidepressant medication through intranasal means can produce better results more quickly – within a mere 24 hours! This was showcased by Novartis Pharmaceuticals’ upcoming pipeline antidepressant MIJ821 and published in January 2022’s edition of Pharmacopsychiatry magazine; where clinical trials saw participants demonstrate significant reductions in depressive episodes after only one day..

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In addition, the overall findings displayed that treatment with intranasal esketamine in amalgamation with a novel oral antidepressant was more efficient than a placebo plus an oral administration. The intranasal esketamine showcased a prompt drop of depressive symptoms and postponed its relapse time. Furthermore, such increasing research & development for advanced drugs through other routes of administration is projected to surge the demand for drugs, thereby augmenting the overall market growth.

As per the World Health Organization (WHO), prevalence of mental health disorders as well as conditions is increasing across the globe. There has been a 13% increase in mental health conditions and other depressive disorders in the last decade. According to the U.S. Department of Health and Human Services (HHS), in 2020, among adolescents between ages 12 and 17, 17.0% (about 4.1 million population) had major depressive episode (MDE), and 12% (about 2.9 million people) had MDE with severe impairment.

Key Takeaways:

  • Global Treatment-Resistant Depression Therapeutics market was valued at US$ 1.55 Billion by 2022-end
  • From 2018 to 2022, the market demand expanded at a CAGR of 3.3%
  • By drug type, the NMDA segment of the market constitutes the bulk of the market with a market share of 49%
  • By Distribution Channel, the Hospital Pharmacies segment dominates the market with a share of 47%
  • From 2023 to 2033, Treatment-Resistant Depression Therapeutics sales are expected to flourish at a CAGR of 9.0%.
  • By 2033, the market value of Treatment-Resistant Depression Therapeutics is expected to reach US$ 4.0 Billion

“The rising geriatric population is one of the factors that is anticipated to boost the growth of treatment-resistance depression treatment market, as the treatment-resistance depression treatment is high in this age group population,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the Treatment-Resistant Depression Therapeutics market are Janssen Global Services, LLC, AbbVie Inc., Sandoz International GmbH (Novartis AG), H. Lundbeck A/S, Par Pharmaceutical (Endo International plc), Otsuka Pharmaceutical Co., Ltd., and AstraZeneca, among others.

Recent Developments:

  • In August 2022, Merck Sharp & Dohme LLC initiated Phase IIa clinical trial to evaluate the safety and efficacy of MK-1942 among treatment-resistant depression patients.
  • In July 2022, Novartis Pharmaceuticals announced that it would initiate a Phase 2 clinical trial of MIJ821 (ketamine) for treatment-resistant depressive disorders in September 2022.
  • In May 2022, COMPASS Pathways presented positive data for Phase IIb study of COMP360 psilocybin therapy for Treatment-Resistant Depression Therapeutics at the American Psychiatric Association annual meeting in New Orleans.
  • In February 2022, Denova Biopharma secured U.S. FDA approval to initiate a Phase 2b clinical trial to analyze the efficacy and safety of DB104 (liafensine) in patients with treatment-resistant mood disorder.

Know More About What the Treatment-Resistant Depression Therapeutics Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Treatment-Resistant Depression Therapeutics market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.

To understand opportunities in the Treatment-Resistant Depression Therapeutics market, the market is segmented on the basis of drug type, and distribution channel across five major regions.

Key Segments Covered in the Treatment-Resistant Depression Therapeutics Industry Analysis

Treatment-Resistant Depression Therapeutics Market by Drug Type:

  • NMDA
  • Antidepressants
  • Antipsychotics
  • Others

Treatment-Resistant Depression Therapeutics Market by Distribution Channel:

  • Hospital Pharmacies
  • Drug Stores & Retail Pharmacies
  • Online Pharmacies

Treatment-Resistant Depression Therapeutics Market by Region:

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

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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

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Bleeding Disorder Testing Market Poised to Reach US$ 190 Billion by 2033 | Future Market Insights,Inc.

According to a recent FMI analysis, the Global Bleeding Disorder Testing Market Demand will grow at a 7.2% CAGR from 2023 to 2033. The market is anticipated to be valued at US$ 190 billion by the end of the assessment period. As the prevalence of liver diseases, anaemia, and other blood coagulation problems rises, so will the demand for bleeding disorders testing.

In the affected body location, a clump of platelets and a specific type of blood cell forms. This clot keeps infections out of the bloodstream and prevents blood from draining from the injured area. Testing for bleeding disorders can help determine whether specific clotting factors are present and how long it takes for blood to clot.

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The test measures the time it takes for the arteries to contract and platelets in the blood to close the opening. According to the National Haemophilia Foundation, Von Willebrand disease is the most common bleeding disorder, affecting around one in every 100 people, or up to 1% of the US population.

Key Takeaways:

  • According to FMI, the Global Bleeding Disorder Testing market would grow at a 7.2% CAGR by 2033.
  • The global bleeding disorder testing industry is predicted to be worth $ 95 billion.
  • The global bleeding disorder testing industry is anticipated to be worth US$ 190 billion.
  • North America is expected to be the most profitable market for Bleeding Disorder Testing growth.
  • According to Future Market Insights, Asia Pacific is predicted to develop at a CAGR of 6.5% from 2023 to 2033.
  • Europe is predicted to increase at a CAGR of 6.9% between 2023 and 2033.
  • In the forecast period 2023 to 2033, the diagnostic centres category is estimated to hold the greatest market share for Bleeding Disorder Testing.

“The North American market is expected to expand significantly throughout the projected period. The increase can be attributed to the increased availability of testing devices and the rising number of regulatory approvals,” says an analyst at FMI

Bleeding Disorder Testing Market Growth:

Increasing Blood Disorder Prevalence to Improve Maintenance and Performance

Chronic illness includes blood issues. They are also hazardous since they circulate in the blood. The prevalence of conditions such as liver disease, anaemia, and other blood coagulation concerns has increased, as has the demand for bleeding disorders testing. These inherited diseases resulted in a profitable market expansion.

Government Investments in Healthcare Interoperability Have an Impact on the Market

The increasing funding provided by the federal government to encourage the use of these solutions has an additional impact on the sector. Furthermore, rising healthcare spending, advancements in healthcare infrastructure, and rising need for long-term care delivery all benefit the bleeding disorders testing sector, promoting market expansion.

Market Competition:

Key players

  1. Siemens Healthcare GmbH
  2. F. Hoffmann-La Roche Ltd.
  3. Abbott Laboratories
  4. Thermo Fisher Scientific Inc.
  5. Atlas Medical GmbH
  6. Horiba Ltd.
  7. Hyphen Bio Med
  8. Precision Biologics Incorporated
  9. Pfizer Inc.
  10. Baxter

Recent Developments

  • In March 2021, F. Hoffmann La Roche Ltd. introduced eight new configurations for Cobas pro integrated solutions, with the goal of increasing throughput and testing efficiency.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Global automotive axle market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of Product Type (Reagents & Consumables and Instruments), Indication (Hemophilia A, Hemophilia B, Von Willebrand Disease, Idiopathic Thrombocytopenic Purpura and Others), (Hospitals & Clinics, Diagnostic Centers and Others), across seven major regions (North America, Latin America, Europe, South Asia & Pacific, East Asia and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
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Artificial Intelligence in Retail Market: Projected to Exceed US$ 127.09 Billion by 2033, with an Impressive 28% CAGR

The global artificial intelligence in retail market is expected to reach US$ 10.76 billion by 2023, with demand for AI in retail predicted to grow at a CAGR of 28% and surpass US$ 127.09 billion by 2033.

AI is set to revolutionize the retail industry, transforming everything from cost elements to shopping participation. With e-commerce and AI working together, and the recent coronavirus outbreak boosting e-commerce growth, sellers must plan for the integration of AI with both technology and company strategy in mind.

AI in retail is poised to take over tedious, repetitive tasks, helping consumers and increasing productivity, just as it has done in the workplace. With AI-driven logistics and robots assisting with order selection and packing, employees can focus on more important tasks.

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AI has become a game-changer in the retail industry, revolutionizing the shopping experience with cashier-less checkouts powered by computer vision and big data analytics. With the growing popularity of online shopping and the tech-savvy Gen Z population, the demand for AI solutions and services in retail is on the rise.

Despite some challenges, including infrastructure and technological know-how for small and medium-sized businesses, and high implementation costs for small retailers, the benefits of AI in the retail market cannot be ignored. Advancements in computer vision and other technologies are creating new retail opportunities, and the growth of AI products and services is fueled by big data analytics.

Key Takeaways from the Artificial Intelligence in Retail Market:

  • The solutions category is anticipated to account for a substantial portion of the global AI in retail market, with a 73% market share.
  • Among the various AI technologies, including chatbots, image and video analytics, swarm intelligence, and natural language processing, machine learning (ML) has reportedly amassed the leading revenue share of over 32%.
  • The pure-play market category obtained a sizable revenue share based on sales channels.
  • The customer relationship management sector accounted for about 21.50% of total revenue in 2022.
  • More than 39% of revenue in 2022 came from the United States region.
  • During the forecast period, the UK is expected to grow at a CAGR of 4.66%, driven by the emergence of IoT and Machine-to-Machine technologies, as well as rising demand for research and industrial capacity in the region.
  • During the forecast period, Japan’s AI in the retail industry is expected to grow at a CAGR of 5.6% and reach a market value of US$ 6.3 billion.
  • The Asia Pacific region is poised for rapid growth in the AI in retail market, owing to the retail industry’s rapid digitalization.

Who is Winning?

The leading market participants are constantly investing in cutting-edge technologies. This creative idea enables shops to easily implement new services into their operations. Artificial intelligence implementation is being accelerated by the retail sector’s expanding data. As a result, market players are introducing solutions that are specifically aimed at their customers.

By utilizing cutting-edge technologies, businesses are enhancing their product portfolio, which supports important players in maintaining an advantage over rivals in the market. To increase the market share of artificial intelligence in retail, key firms are also employing partnership, merger, and acquisition tactics.

  • Microsoft to work with the Indian global IT company Infosys starting in September 2022. Through this agreement, the groups hoped to enable businesses to quickly reinvent consumer experiences, bolster systems with cloud and data, and update processes.
  • The business unveiled ViSenze’s Session-Based Recommendations, a new tailored e-commerce product suggestions solution, in August 2022. The new strategy would give customers a more personalized experience, without requiring them to divulge any personal information.
  • Novel reference kits were made available by Intel in July 2022. The new solution aimed to simplify the understanding of AI implementation for data scientists and engineers in a variety of situations, including manufacturing, retail, healthcare, and other areas.

Leading Key Players:

  • Amazon Web Services
  • Oracle
  • IBM Corporation
  • Microsoft
  • SAP SE
  • Salesforce Inc.
  • NVIDIA
  • Google LLC
  • Sentient Technology
  • ViSenze
  • Intel

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Artificial Intelligence in Retail Market by Category

By Component:

  • Solution
    • Chatbots
    • Customer Behavior Tracking
    • CRM
    • Inventory Management
    • Price Optimization
    • Recommendation Engines
    • Supply Chain Management
    • Visual Search & Visual Listen
    • Others
  • Services
    • Professional services
    • Managed services

By Technology:

  • Machine Learning
  • Natural Language Processing (NLP)
  • Computer Vision
  • Others

By Application:

  • Automated Merchandising
  • Programmatic Advertising
  • Market Forecasting
  • In-Store AI & Location Optimization
  • Data Science
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Rest of World

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will 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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Heart Closure Devices Market Aims for US$10.88 Billion Valuation by 2033 | Future Market Insights,Inc.

In 2023, the global Heart Closure Devices Market is expected to be worth US$ 2.71 billion. The overall demand for Heart Closure Devices is expected to grow at a CAGR of 14.9% between 2023 and 2033, totaling around US$ 10.88 Billion by 2033, due to an increase in demand for highly efficient procedures among people, as well as an increase in R&D spending for developing innovative and technologically advanced products.

Factors such as an increase in incidence of congenital heart defects, technological advancements in heart closure devices, rise in adoption of MRI procedures, and upsurge in geriatric population are expected to augment the growth of the global heart closure devices market over the analysis period.

On the other hand, high cost of production and stringent regulations associated with these devices limit the market growth. Whereas, an increase in number of heart strokes and development of innovative products by key players are expected to provide lucrative avenues for market expansion in the forthcoming years.

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Furthermore, the utilization of 3D imaging and anatomical models in the manufacturing and planning processes of heart closure devices is gaining prominence in the market. This is expected to change the supply landscape of the industry, attributed to characteristics such as personalization, adaptability, and flexibility provided by using 3D imaging technology.

This in turn decreases the overall prostheses employed per patient along with the procedure time, which makes it a viable option in the production and planning process. Similarly, continuous new product launches as well as approvals along with rapid expansion of healthcare industry across emerging economies will bode well for the market growth in the near future.

Key Takeaways:

  • Global heart closure devices market was valued at US$ 2.36 Billion by 2022-end
  • From 2018 to 2022, the market demand expanded at a CAGR of 6.6%
  • By Closure Type, the left atrial appendage closure segment of the market constitutes the bulk of the market with a market share of 49%
  • By End-User, the Hospitals segment dominates the market with a share of 47%
  • From 2023 to 2033, Heart Closure Devices sales are expected to flourish at a CAGR of 14.9%.
  • By 2033, the market value of Heart Closure Devices is expected to reach US$ 10.88 Billion

“The rise in patient pool globally, and growing awareness about heart diseases positively are the major factors driving the growth of the Heart Closure Devices Market during the forecast period,” remarks an FMI analyst.

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Competitive Landscape

Players in the global Heart Closure Devices Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In July 2021, Angel Medical Systems, Inc. announced the first commercial implantation of their flagship product, “The Guardian” device in the U.S. region. This was the first procedure followed by their recent FDA approval.
  • In April 2021, Phoenix Cardiac Devices, Inc. announced that they received a CE Mark for their product, BACE (Basal Annuloplasty of the Cardio externally) device. This approval helps in the commercialization of BACE in the European Union.
  • In March 2021, the U.S. FDA announced the approval of the world’s first non-surgical heart valve treatment for pediatric and adult patients suffering from a native or surgically repaired right Ventricular outflow tract (RVOT). The device was specifically developed to treat patients with severe pulmonary heart regurgitation.

Know More About What the Heart Closure Devices Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Heart Closure Devices Market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.

To understand opportunities in the Heart Closure Devices Market, the market is segmented on the basis of closure type across five major regions.

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Key Segments:

Heart Closure Devices Market by Closure Type:

  • Congenital Heart Defect Closure
    • Atrial Septal Defect (ASD)
    • Patent Ductus Arteriosus (PDA)
    • Ventricular Septal Defect (VSD)
  • Patent Foramen Ovale (PFO) Closure
  • Left Atrial Appendage (LAA) Closure

Heart Closure Devices Market by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & 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.

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

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Healthcare Companion Robots Market Set to Reach US$ 11.73 Million with an 18% CAGR in the 2023-2033 Forecast Period – FMI Projection

According to Future Market Insights, the healthcare companion robots market is anticipated to expand at a rate of 18% CAGR during the forecast period of 2023–2033. It is anticipated that the worldwide market for healthcare companion robots will reach a valuation of US$ 11.73 billion by 2033. The goal of companion robot creation is to provide humans with company. These robots help people, particularly the elderly population, with everyday tasks and make a positive difference in their lives.

With increasing geriatric population and rising prevalence of diseases such as Alzheimer’s; dementia, etc., the demand of companion robots is likely to increase over a forecast period. Various robots are being developed which help people suffering from such disorders to live normal life. For instance, Ryan, a companion robot outfitted with artificial intelligence technology is designed to assist the aging population, specifically those struggling with Alzheimer’s. Also, it is equipped with cognitive games to keep the brain active and helps recognize who it interacts with and carry-on conversations. In addition, the increasing incidences of depression is fueling market growth.

Furthermore, with the outbreak of COVID-19, the prevalence of loneliness raised, which positively impacted the demand for companion robot. Paro, a companion robot approved by the FDA as an insured cost for patients is used to assist people with depression, anxiety, and other conditions. These robo-seals are provided in free to licensed nursing homes and in around 28 nursing homes in Washington State have started using them since last year.

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In addition, various initiatives undertaken by market players to provide innovative solutions is anticipated to drive the growth of the market during the forecast period. Furthermore, integration of advanced technologies to improve the healthcare outcome is expected to boost the market in upcoming years.

Key Takeaways:

  • In 2023, Asia Pacific is expected to dominate the healthcare companion robots market with a share of 50%.
  • North America is expected to possess 41% market share for healthcare companion robots market in 2023.
  • By type, the humanoid segment is expected to hold the largest share of nearly 75% in 2023.
  • By age-group, the geriatric segment is expected to hold the largest share of 40% in 2023.

“Advancement in technology along with increase in dependency on robots especially by the geriatric and disabled population is favoring growth of the healthcare companion robots market.” comments a Future Market Insights analyst.

Competitive Landscape

Some prominent players in the global healthcare companion robots market include Blue Frog Robotics & Buddy ASUS, Intuition Robotics, inGen Dynamics, PARO Robots U.S., Inc, No Isolation, Luvozo, Honda Robotics, Hanson Robotics, Ubtech, Emotix and Jibo

  • For instance, in March 2022, Intuition Robotics launched ElliQ, a digital care companion. It is designed to help older adults to be more physically active and socially engaged and enable them to have happier, more independent lives.
  • Intuition Robotics, a key player in the healthcare companion robots market is focusing on innovating robots that help the geriatric population fight loneliness. Thus, the company is researching on required emotional intelligence and integrating the same through artificial intelligence in the robots.

Key Segments:

Type:

  • Animal-like
  • Humanoid

Age-Group:

  • Children
  • Adult
  • Geriatric

Region:

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

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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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Merchant Banking Services Market on an Upward Trajectory: Anticipates a CAGR of 16.8%, Reaching US$ 238.77 Billion by 2033

The global merchant banking services market is predicted to register a CAGR of 16.8% over the forecast period, as per FMI’s analysis. The industry’s market valuation is anticipated to increase from US$ 50.53 billion in 2023 to US$ 238.77 billion by 2033 end.

The merchant banking services market is projected to be led by the surging adoption of mergers and acquisitions deals. Due to the rising number of transactions related to mergers and acquisitions and a shift to heightened risk management and cost efficiency, merchant banking services are witnessing increased adoption. In addition to this, the advisory services and diligence data offered by merchant banks for mergers and acquisitions deals are projected to facilitate their increased application.

The inherent cost benefits related to merchant banking services have developed a huge demand for these services among large enterprises. With the assistance of merchant banks, the process of mergers and acquisitions has become smooth and easy for buyers. The increasing frequency of mergers and acquisitions is projected to drive market development over the forecast period.

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In Asia Pacific, the surging unicorn start-ups are projected to have a positive influence over the market during the forecast period. Within Asia Pacific, countries such as India and China, the number of mergers and acquisitions, and start-ups is constantly rising, as a result, pushing the market growth. The substantial increase in the number of unicorn start-ups in the Asia Pacific is projected to boost the requirement for merchant banking services in activities related to fundraising. The aforementioned factors are projected to develop lucrative opportunities for key players in the merchant banking services industry.

Key Highlights of the Merchant Banking Services Industry:  

  • North America merchant banking services industry is projected to lead the global market. The regional growth of the market can be attributed to the strong capital market in the region. Additionally, the presence of an extreme number of HNWIs in the region is also contributing to the market growth.
  • The merchant banking services industry in Asia Pacific is estimated to grow at a significant pace over the next 10 years.
  • Based on service providers, banks are anticipated to enjoy the leading share of the market. Strict regulations for banks and high return on investments gained via banking services is pushing end users to opt for banks as their preferred service provider.

Latest Market Developments:

  • In April 2022, Fortis Capital Advisors, a Registered Investment Advisor (RIA), announced the acquisition of Next Horizon Advisors, a firm based in New Jersey. With this acquisition, the company has expanded its United States footprint.  The acquired entity provides comprehensive planning and wealth management solutions.
  • In July 2022, Pathstone Family Office LLC announced that it has consented to procure Alexandria, Va.-based Dyson Capital Advisors LLC, which is an investment advisory company that offers customized family office services. The acquired entity caters to about 80 clients, supervising US$ 3.5 billion of assets. The deal completion is expected to bring forth Pathstone’s overall assets under advertisement to about US$ 38 billion, as per the news release.

Leading Market Players:

  • The USA Capital Advisors, LLC
  • JPMorgan Chase & Co.
  • Bank of America Corporation
  • DBS Bank Ltd.
  • NIBL Ace Capital Limited
  • Bryant Park Capital
  • Morgan Stanley
  • CREDIT SUISSE GROUP AG
  • HSBC Bank USA, N.A.
  • Royal Bank of Canada Website

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Key Market Segmentation

By Services:

  • Portfolio Management
  • Business Restructuring
  • Credit Syndication
  • Others

By Service Provider:

  • Banks
  • Non-Banking Institutions

By End User:

  • Businesses
  • Individuals

By Regions:

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

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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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Purity-Driven Pharmaceutical Cleaning Validation Market Soars to US$ 32.3 Billion in 2032 | Future Market Insights,Inc.

In 2021, the Pharmaceutical Cleaning Validation Market was estimated to be worth approximately US$ 15.7 billion. With a CAGR of 6.8% over the next ten years, the market is expected to be worth nearly US$ 32.3 billion by the end of 2032. Cleaning Validations are in high demand in the pharmaceutical industry due to the recent increase in stringent guidelines and regulations.

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Pharmaceutical Cleaning Validation market.

FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Pharmaceutical Cleaning Validation market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision.

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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Pharmaceutical Cleaning Validation market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Pharmaceutical Cleaning Validation market. With our extensive research and information about the past, current and future market scenario, the Pharmaceutical Cleaning Validation market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Pharmaceutical Cleaning Validation market?
What are the drivers and challenges affecting the Pharmaceutical Cleaning Validation market demand?
What are the recent technological advancement in the Pharmaceutical Cleaning Validation market?
What are key trends and opportunities that will prevail the revenue growth of Pharmaceutical Cleaning Validation market players?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Pharmaceutical Cleaning Validation market?

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Pharmaceutical Cleaning Validation Market: Segmentation

By Region

North America
The US
Canada
The Asia Pacific
China
Japan
South Korea
India
Europe
Germany
UK
France
Russia
Italy
The Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Nigeria
Egypt
Latin America
Mexico
Brazil
Argentina
Colombia

Detailed analysis on the geographical region and country wise insights are offered in the latest Pharmaceutical Cleaning Validation market report with established market players as well as incumbents in the region.

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By Validation Test:

Non-specific Tests
Total Carbon Analysis (TC)
Total Organic Carbon Testing (TOC)
Non-purgeable Organic Carbon (NPOC)
Conductivity
Other Non-specific Tests
Product-specific Analytical Tests
Ultraviolet-Visible Spectroscopy (US/VIS)
High-Performance Liquid Chromatography (HPLC)
Liquid Chromatography/Mass Spectrometry (LC/MS)
Other Product-specific Analytical Tests

By Product Type:

Small Molecule Drug
Peptides
Proteins
Cleaning Detergent

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

Shimadzu Corporation, Intertek Group PLC, Merck KGaA, SUEZ, Hach, Avomeen LLC, QPharma Inc., SGS SA, ProPharma Group, Kymos S.L., Waters Corporation, and Lucideon Limited are among the key players in the global pharmaceutical cleaning validation market.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Pharmaceutical Cleaning Validation market.

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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Near-Patient Molecular Solutions Market Anticipated to Reach US$ 7.56 Billion by 2033 | Future market Insights,Inc.

Over the course of the forecast period, the near-patient molecular solutions market is anticipated to grow at an impressive CAGR of 8%. The market is expected to grow from US$ 3.5 billion in 2023 to US$ 7.56 billion by 2033, according to FMI.

The increasing prevalence of diseases such as diabetes and cardiac diseases is increasing the adoption of near-patient molecular solutions for effective treatment during the forecast period. The rising number of elderly patients and multi-chronic conditions are driving the near-patient molecular solutionsmarket growth during the foreseen time.

The growing laboratory test for different healthcare devices and techniques are increasing the demand for near-patient molecular solutions during the forecast period. Healthcare manufacturing companies are pushing the envelope to provide better point-of-care devices that are more reliable, fast, and easier to process. The growing end-use sectors such as hospitals, home care, diagnostic laboratories, and research laboratories increase the near-patient molecular solutionsmarket size during the forecast period.

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By product type, Infectious disease testing kits dominate the global market by capturing a relevant share during the forecast period. The growing prevalence of diseases such as SARS COV-19 accelerates the demand for infectious disease testing kits during the forecast period.

The US is leading the global near-patient molecular solutionsmarket with a rising number of clinical studies and good reimbursement policies for diagnostic procedures during the forecast period. In addition, the growing demand for near-patient testing devices and the presence of prominent players boost the market expansion during the forecast period. Growing numbers of hospitals with modern equipment and an expanding general population have driven market share in recent years.

Key Takeaways:

  • The US is leading the global market with a rising number of clinical studies and good reimbursement policies for diagnostic procedures during the forecast period.
  • The global near-patient molecular solutions market valuation stands at US$ 7.56 Billion by 2032 with a CAGR of 8%.
  • However, the market for near-patient molecular solutions increased from US$ 3.03 Billion between 2017 and 2021 with an impressive CAGR of 5%.
  • The rising availability of high-tech central laboratories for testing and prominent manufacturers are uplift the UK market in recent years.
  • The Korean nation is contributing a prominent role in the upsurge of the market size due to an increase the infectious diseases, a large patient population, and advanced healthcare equipment.

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Who is Winning?

The prominent vendors are making several marketing strategies to acquire a maximum share during the forecast period. Innovating the relevant products through their research and development activities increases the market opportunities during the forecast period. Some of the marketing tactics adopted by these players include collaborations, partnerships, mergers, acquisitions, agreements, and product launches.

Recent Developments in the Market

  • In Jan 2021, MatMaCorp- a molecular diagnostic systems developer, was granted a (EUA) Emergency Use Authorization from US FDA for the 2SF RNA test for the COVID-19 virus. The detection of COVID-19 among patients by their portable detection systems.
  • In Feb 2021, Bio-Rad laboratory received a (EUA) Emergency Use Authorization from the US FDA for COVID-19 flu. The company takes in-charge to detects COVID Waves in a single multiplex reaction.
  • In Jun 2021, Bio-Rad Laboratories announced a partnership agreement with Seegene Company for multiplex molecular diagnostics treatment, clinical development and products related to molecular diagnostics.

Segmentation by Category in the Market for Near-patient Molecular Solutions

By Technology:

  • PCR-based
  • Genetic sequencing based
  • Hybridization-based
  • Microarray-based

By Product Type:

  • Infectious diseases testing kits
  • Cardio metabolic monitoring kits
  • Pregnancy and fertility
  • Coagulation monitoring kits
  • Hematology testing kits
  • Urinalysis testing kits
  • Glucose monitoring kits
  • Drugs-of-abuse testing kits
  • Testing kits
  • Fecal occult testing kits
  • Tumor/cancer markers
  • Cholesterol test strips
  • Other products

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By End User:

  • Hospitals
  • Homecare
  • Diagnostic Laboratories
  • Research Laboratories

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
LinkedIn| Twitter| Blogs | YouTube