Market Research Blog – Page 448 – New Product Development

Orthopedic Braces and Support Industry to Surpass USD 8.8 Billion by 2034, Growing at a 6.7% CAGR

Orthopedic Braces and Support Market — Orthopedic Braces and Support Industry

The global orthopedic braces and support industry is poised for steady growth, with its valuation projected to rise from USD 4.6 billion in 2024 to USD 8.8 billion by 2034. This expansion represents a compound annual growth rate (CAGR) of 6.7% over the forecast period, driven by increasing prevalence of musculoskeletal disorders, a rise in sports-related injuries, and advancements in orthopedic technologies.

Orthopedic braces and support products are essential for injury prevention, post-surgery recovery, and the management of chronic conditions such as arthritis and osteoporosis. The market’s growth is further fueled by the aging population, a rise in active lifestyles leading to injury risks, and heightened awareness of preventive healthcare measures.

Technological innovations, including lightweight materials, customizable designs, and smart braces equipped with sensors for real-time monitoring, are enhancing patient comfort and outcomes. Moreover, the growing trend of home-based rehabilitation and direct-to-consumer sales channels is expected to boost market penetration globally.

Get Complete Full Report – https://www.futuremarketinsights.com/reports/orthopedic-braces-and-support-market

Key Takeaways:

Market Growth: The orthopedic braces and support market is projected to grow at a 6.7% CAGR, reaching USD 8.8 billion by 2034.
Market Drivers: Increasing incidence of musculoskeletal disorders, advancements in brace technology, and a focus on preventive healthcare are driving growth.
Industry Trends: The adoption of smart braces, 3D printing for customization, and eco-friendly materials are shaping the market landscape.
Future Outlook: With an expanding range of applications and continuous innovation, the market is set to play a pivotal role in improving mobility and quality of life for patients worldwide.

The growth trajectory of the orthopedic braces and support market underscores its significance in modern healthcare, providing effective solutions for injury prevention and rehabilitation, and enhancing the overall standard of care for musculoskeletal health.

Factors Driving Market Growth

Increasing Prevalence of Musculoskeletal Disorders: The rise in conditions such as arthritis, sports injuries, and post-surgical rehabilitation is driving demand for orthopedic braces and supports.
Shift Towards Non-Surgical Interventions: More patients are opting for non-invasive treatments, leading to an increase in the use of braces and supports for injury management and recovery.
Technological Advancements: Innovations in materials and design are improving the effectiveness and comfort of orthopedic devices, making them more appealing to consumers.
Aging Population: The growing elderly population, which is more susceptible to musculoskeletal issues, is contributing significantly to market expansion.
Rising Awareness of Preventive Care: Increased emphasis on preventive healthcare measures is boosting the demand for orthopedic support products.

Regional Insights

The United States is expected to see strong growth, with sales projected to exceed USD 1.6 billion by 2034, expanding at a CAGR of approximately 7.0%.
Countries like China, Japan, and South Korea are also anticipated to experience significant growth rates, driven by increasing healthcare investments and rising awareness of musculoskeletal health.

Trends Influencing Sales of Orthopedic Braces and Supports

The widespread prevalence of musculoskeletal conditions is a primary driver for the sales of orthopedic braces and supports.
Surging sedentary lifestyle is increasing orthopedic issues like fractures, osteoarthritis, and sports-related injuries. Thus amplifying the sales of orthopedic braces and support products for injury prevention, pain management, and rehabilitation.
Rising healthcare expenditure by governments in emerging economies is vital to market growth.
Leading companies are stepping up their efforts to develop novel orthopedic braces and supports. To procure fabrics that are soft, breathable, and antibacterial, they are collaborating with patients and clinical specialists.
Surge in robust strategic initiatives like product commercialization by key players.
Robust promotion activities by leading players to amplify sales of orthopedic braces and supports.
Manufacturers are introducing orthopedic braces solutions that offer patient comfort, convenience of use, and increased efficacy to encourage patient compliance and rapid healing.
Leading manufacturers are rapidly adjusting and addressing some common complaints people face from traditional spinal orthoses by integrating molded, form-fitting components.

Top Recommended Strategies to Stay Ahead of Market Competition

Key players can use smart sensors, materials, and biofeedback mechanisms to provide rehabilitation experiences and personalized support for effective rehabilitation bracing solutions.
Companies need to prioritize research to develop new materials, applications, and designs for braces and support to effectively meet the needs of patients and align with emerging trends.
Industry participants can consider collaborating with experts to prepare products validated for science and practical use cases.
Market contenders can offer customization options like personalized support levels and custom-fit braces to meet individual needs effectively.
By focusing on streamlining the purchase process, like offering hassle-free returns and convenient online ordering options, players can build loyalty and trust among their target market.

Recent Developments

In October 2023, OrthoPediatrics Corp. launched the DF2 Brace as a strategy to expand into non-surgical business to treat kids suffering from musculoskeletal injuries.
In September 2023, Enovis Corporation officially disclosed the acquisition of LimaCorporate S.p.A. The acquisition of the latter company added a wide variety of orthopedic medical devices like braces and other support apparatus.

Key Players in the Orthopedic Braces and Support Industry

DJO, LLC (United States)
Zimmer Biomet (United States
Medtronic (Ireland)
Stryker Corporation (United States)
Össur (Iceland)
NuVasive®, Inc (United States)
Integra LifeSciences Corporation (United States)
Globus Medical (United States)
OTTOBOCK (Germany)
AC Mould Engineering Limited (China)
Johnson and Johnson Services, Inc (United States)
Weber Orthopedic LP. DBA Hely and Webe (United States)
BSN medical (India)
Becker Orthopedic (United States)
OPPO MEDICAL INC (United States)
Langer Biomechanics (United States)
Frank Stubbs Company Inc. (United States)
DeRoyal Industries, Inc (United States)
Ascent Meditech Limited (India)
Alcare Co., Ltd (Tokyo)
Others

Orthopedic Braces and Support Industry by Category

By Product:

Braces and Supports Type
- Knee Braces for Osteoarthritis and Ligament Injuries
- Post-operational Knee Braces
- Upper Spine Orthoses
- TLSOs
- LSOs
- Soft Braces
- Hinged Braces
- Pneumatic
- Non-pneumatic
- Elbow Braces and Supports
- Wrist Braces and Supports
Pain Management Products
- Cold Therapy Products
- DVT Products

By End-user:

Orthopedic Clinics
Over the Counter (OTC)
Hospitals
DME Dealers
Others

By Region:

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

Author By:

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

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

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

About Future Market Insights (FMI)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pediatric Home Healthcare Industry to Reach USD 197 Billion by 2033, Growing at a 16.3% CAGR

Home Healthcare Market — Pediatric Home Healthcare Industry

A newly released analysis by Future Market Insights projects the global pediatric home healthcare industry to grow significantly, with its valuation rising from USD 37.9 billion in 2022 to an impressive USD 197 billion by 2033. This growth corresponds to a compound annual growth rate (CAGR) of 16.3% during the forecast period. The increasing demand for specialized pediatric care, coupled with advancements in home healthcare technologies, is fueling this market expansion.

Rehabilitation therapy services are anticipated to be the highest revenue-generating segment within the market, with a projected CAGR exceeding 15% from 2023 to 2033. These services cater to children with chronic conditions, developmental delays, and post-surgical needs, reflecting the growing focus on comprehensive home-based care solutions.

The market’s growth is driven by rising healthcare costs in traditional settings, an increase in pediatric chronic diseases, and a strong preference among families for in-home care. Technological advancements, such as remote patient monitoring and telemedicine integration, are further enhancing the efficiency and accessibility of pediatric home healthcare services.

A Full Report Overview – https://www.futuremarketinsights.com/reports/pediatric-home-healthcare-market

Key Takeaways:

Market Growth: The pediatric home healthcare market is expected to grow at a 16.3% CAGR, reaching USD 197 billion by 2033.
Leading Segment: Rehabilitation therapy services will lead the market, projected to grow at over 15% CAGR from 2023 to 2033.
Market Drivers: Increasing prevalence of pediatric chronic conditions, technological advancements, and the demand for cost-effective and patient-centered care solutions are driving the market.
Future Outlook: The market is poised for transformative growth, with expanding opportunities in remote care services and advanced therapeutic solutions.

The growth trajectory of the pediatric home healthcare market highlights its critical role in addressing the unique medical and therapeutic needs of children, empowering families with tailored, high-quality care within the comfort of their homes.

Factors Driving Growth

Increasing Prevalence of Chronic Conditions: The rise in chronic diseases among children is driving demand for specialized home healthcare services.
Shift Towards Home-Based Care: There is a growing preference for home healthcare solutions that provide comfort and convenience for pediatric patients and their families.
Technological Advancements: Innovations in telemedicine and home healthcare technologies are enhancing service delivery and patient monitoring.
Rising Healthcare Expenditure: Increased spending on healthcare services is facilitating better access to pediatric home healthcare.
Supportive Regulatory Environment: Favorable policies and reimbursement frameworks are encouraging the adoption of home healthcare services.

Key Companies Profiled

Aveanna Healthcare, Inc.
DJK Home Healthcare LLC
BAYADA Home Health Care
Tendercare Home Health
BrightStar Care
Angels of Care Pediatric Home Health
New England Home Care, Inc.
Pediatric Home Healthcare
Enviva Paediatric Care
Interim Healthcare Inc.
eKidzCare
MGA Homecare
At Home Healthcare
ParaMed

Competitive Analysis

Key companies in the pediatric home healthcare market are substantially investing in the development of innovative technologies to treat children’s developmental and intellectual issues. To boost their market penetration, companies are adopting strategies such as collaborations, partnerships, raising financing, and acquisitions. The companies are also focusing on expanding their presence to go near their customers.

Some of the recent developments of key pediatric home healthcare providers are as follows:

In December 2020, Expressable, a startup company, created a telemedicine solution for people with speech-language challenges.
In December 2020, St. Mary’s Home Care announced its offering of new rehabilitation services for severely ill and damaged children.
In November 2020, BAYADA Home Health created a joint venture with Baptist Health. Baptist Home Health has been providing services to the community for decades. The joint venture is intended to be able to better treat patients at home where they can recuperate and flourish.
In October 2020, Netsmart, an American firm that develops and distributes health information technologies, collaborated with Aveanna Healthcare. Aveanna and Netsmart will collaborate to align more than 200 sites in 23 states under a single technological solution, allowing for significant expansion and scale while still ensuring quality at the point of treatment.

Similarly, the team at Future Market Insights has tracked recent developments related to the companies in Pediatric Home Healthcare Market, which are available in the full report.

Market Segments Covered in Pediatric Home Healthcare Market Analysis

By Specialty:

Skilled Nursing Service
Personal Care Assistance
Rehabilitation Therapy Services

By Region:

North America
Latin America
Europe
APAC
Middle East & Africa (MEA)

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cancer Registry Software Industry to Reach USD 236.0 Million by 2034, Growing at a 10.4% CAGR

The global cancer registry software industry is set to experience robust growth, with its valuation projected to rise from USD 87.4 million in 2024 to USD 236.0 million by 2034. This growth reflects a compound annual growth rate (CAGR) of 10.4% during the forecast period, driven by the increasing emphasis on cancer surveillance, data management, and advancements in healthcare IT solutions.

Cancer registry software is instrumental in collecting, storing, and managing cancer data, supporting healthcare providers and researchers in understanding trends, outcomes, and treatment efficacy. The market’s expansion is propelled by the rising global cancer burden, growing adoption of electronic health records (EHR), and the need for centralized and standardized cancer data repositories.

Key market drivers include government initiatives to establish national cancer registries, increasing demand for real-world evidence in oncology, and advancements in AI-driven analytics for improved data insights. Furthermore, the integration of cloud-based solutions is enhancing accessibility, scalability, and collaboration among healthcare stakeholders, fostering broader adoption of cancer registry software.

Full Report Revealed – https://www.futuremarketinsights.com/reports/cancer-registry-software-market

Key Takeaways:

Market Growth: The cancer registry software market is projected to grow at a 10.4% CAGR, reaching USD 236.0 million by 2034.
Market Drivers: Rising global cancer incidence, demand for data-driven decision-making, and advancements in healthcare IT are driving market growth.
Industry Trends: Adoption of cloud-based platforms, AI-driven analytics, and integration with EHR systems are shaping the future of cancer registry software.
Future Outlook: With increasing focus on cancer research and outcomes tracking, the market is expected to witness significant opportunities for innovation and expansion.

The growth of the cancer registry software market underscores its critical role in advancing cancer care and research, enabling healthcare providers and policymakers to improve patient outcomes and enhance public health strategies.

Factors Driving Market Growth

Increased Awareness of Cancer Surveillance: There is a growing recognition among healthcare professionals and policymakers about the importance of cancer data collection for prevention and treatment strategies.
Investment in Cancer Registries: Healthcare institutions are increasingly investing in cancer registry software to enhance data collection, improve patient care, and support research efforts.
Regulatory Compliance: Compliance with regulations such as the Cancer Registries Amendment Act is driving healthcare facilities to adopt robust cancer registry systems.
Real-World Evidence Generation: The reliance on real-world evidence for clinical decision-making and drug development is boosting the demand for comprehensive cancer registry solutions.
Technological Advancements: Innovations in software capabilities, including data analytics and integration with electronic health records (EHRs), are enhancing the functionality of cancer registry systems.

Regional Insights

The market is expected to see significant growth across various regions, with countries like Korea projected to lead with a CAGR of 13.2% through 2034.
The United States is anticipated to expand at a CAGR of 10.5%, supported by government mandates for cancer data tracking.

Key Market Trends and Highlights

There is a growing awareness among healthcare professionals, policymakers, and the general public about the importance of cancer surveillance and research. Healthcare institutions and research organizations, as a result, are increasingly investing in cancer registry software to contribute to cancer prevention, early detection, and improved patient care.

Interoperability standards and data sharing initiatives promote the seamless exchange of cancer related information among healthcare systems, research institutions, and public health agencies. Cancer registry software that supports interoperability standards and facilitates data sharing is poised to experience significant growth opportunities.
Emerging markets, particularly in Asia Pacific and Latin America, present untapped opportunities for the expansion of the cancer registry software market. Increasing healthcare infrastructure development, rising cancer burden, and government initiatives to improve cancer surveillance contribute to the growth of the market in these regions.
Strategic partnerships and collaborations among software vendors, healthcare providers, research institutions, and government agencies accelerate innovation and market penetration. Collaborative efforts facilitate the development of comprehensive cancer registry solutions tailored to the evolving needs of healthcare systems and research communities.

Competitive Landscape

The competitive landscape of the cancer registry software market is characterized by a diverse array of vendors offering solutions designed to streamline data collection, management, analysis, and reporting for cancer registries worldwide. The market is witnessing intense competition fueled by technological advancements, regulatory requirements, and evolving healthcare needs, as the demand for comprehensive cancer surveillance and research continues to grow.

Key Developments

In 2022, Kaiku Health and Roche forged a strategic alliance in the realm of digital patient monitoring and management. The collaboration intends to implement digital solutions for enabling real time symptom management by both patients and Health Care Providers. The overarching goals include enhancing patient support and delivering personalized cancer care to cancer clinics and patients globally.

Key Companies Profiled

C/NET Solutions
Conduent Inc.
Electronic Registry System Inc.
Elekta
Himagine solutions
IBM Corporation
McKesson Corporation
NeuralFrame, Inc.
Onco Inc.
Ordinal Data Inc.
Rocky Mountain Cancer Data Systems

Segmentation Analysis of the Cancer Registry Software Market

Deployment Model:

On Premise
Cloud Based

Database Type:

Commercial Database
Public Database

End User:

Government and Third Party
Private Players
Hospital and Medical Practice
Others

Region:

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

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Research States North America Variable Frequency Drive Market to Hit USD 9.8 Billion Mark by 2034, Driven by 6.2% CAGR

The North America variable frequency drive market is experiencing robust growth, with an anticipated valuation of USD 9.8 billion by 2034, following a significant milestone of USD 5.3 billion in 2024. This positive trajectory is underpinned by a commendable compound annual growth rate (CAGR) of 6.2% projected for the entire forecast period.

A primary driver behind this exceptional expansion is the escalating electricity rates in North America. As energy costs continue to increase, businesses and manufacturers are actively seeking innovative solutions to optimize their energy consumption. Variable frequency drives (VFDs) have emerged as highly effective tools in this endeavor. These devices enable precise regulation of voltage and frequency, empowering machinery to operate at optimal energy-efficient levels. Consequently, significant cost savings are realized, positioning VFDs as attractive investments for businesses strategically focused on reducing their electricity expenses. The market’s trajectory reflects a strategic response to the evolving energy landscape, emphasizing the growing importance of energy-efficient solutions in the industrial sector.

Efficient Energy Management and Innovations in Motor Control:

Escalating energy costs have necessitated the adoption of energy-efficient motor control systems, offering a viable alternative to conventional throttling mechanisms like valves and fixed speed controllers. Len Busch Roses, exemplifying this trend, employs Danfoss’ variable frequency drive to meticulously regulate airflow in their snapdragon greenhouse, yielding a substantial 22% reduction in energy expenditures.

The integration of smart grid technology is gaining traction, potentially revolutionizing voltage and phase angle variations, consequently enhancing electricity transmission efficiency.

Furthermore, the application of a single variable frequency drive to govern multiple electric motors has emerged as an energy-saving strategy, diminishing energy wastage. The synchronous bypass technique utilizes a variable frequency drive for initiating and synchronizing multiple motors, seamlessly transferring the load from one source to another. According to Rockwell Automation, an asynchronous variable frequency drive system capable of overseeing two motors can result in a remarkable 33% reduction in initial capital expenditure.

Key Insights from the North America Variable Frequency Drive Market:

The North America Variable Frequency Drive market is prominently led by AC drives, constituting over 70% of the market share. This dominance stems from their extensive utility in heavy and medium industries such as power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotive sectors.
Low voltage units, comprising more than 80% of the market share, are driven by escalating demand for low-power variable frequency drives across applications like fans, pumps, machine tools, cranes, fluid machines, printing machines, metal processing machines, and food processing equipment.

According to an analyst at Future Market Insights, the market’s growth is underpinned by the pursuit of enhanced productivity and reduced downtime.

Key Players Operating in the Industry:

Fuji Electric Co.
Schneider Electric
Mitsubishi Electric Corporation
Toshiba International Corporation
Siemens AG
Emerson Industrial Automation
ABB Ltd.
Johnson Controls Inc.
American Electric Technologies Inc.
Rockwell Automation Inc.
General Electric Company
Honeywell International Inc.
Hitachi Limited

Explore More! https://www.accesswire.com/720611/with-energy-saving-being-the-priority-north-american-variable-frequency-drive-market-expected-to-reach-us-506-bn-at-a-cagr-of-6-during-forecast-period-of-2022-32-future-market-insights-inc

Competitive Landscape:

In June 2021, Yaskawa Electric Corporation introduced the HV600 drive series, featuring advanced variable speed control for HVAC applications.
Eaton Corporation unveiled the PowerXL DM1 micro variable frequency drive in June 2021, targeting OEMs across industrial and commercial sectors.
Fuji Electric made strides in the renewable energy sphere, announcing a venture into virtual power plants in September 2022.
Emerson expanded its reach in the life sciences sector through the acquisition of Fluxa in June 2022, bolstering its industry position.

Key Segments Profiled:

By Voltage Range Type:

Low Voltage Range
Medium Voltage Range

By End-use Industry:

Oil & Gas
Food Processing
Automotive

By Application:

Standard
Regenerative

Access Report Details for More In-Depth Information!

Author:

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

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

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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NGS Sample Preparation Industry to Reach USD 5441.1 Million by 2032, Growing at a 13.7% CAGR

The global next-generation sequencing (NGS) sample preparation industry is poised for remarkable growth, with its valuation projected to rise at a compound annual growth rate (CAGR) of 13.7%, reaching USD 5441.1 Million by 2032. This significant expansion is driven by the increasing adoption of NGS technologies across research, clinical, and diagnostic applications, along with continuous advancements in sample preparation techniques.

NGS sample preparation plays a pivotal role in enabling accurate and efficient sequencing workflows, including DNA/RNA extraction, library preparation, and enrichment processes. The market’s growth is fueled by rising demand for personalized medicine, expanding applications of genomics in disease research, and increasing investment in biotechnology and pharmaceutical sectors. Additionally, the development of automated and user-friendly preparation kits is further enhancing accessibility and driving market adoption.

The healthcare industry’s focus on early disease detection and precision diagnostics, coupled with the integration of NGS into clinical settings, is creating new growth opportunities. Emerging economies, with their expanding research infrastructure and growing interest in genomic technologies, are expected to contribute significantly to the market’s growth trajectory.

A Full Report Analysis – https://www.futuremarketinsights.com/reports/ngs-sample-preparation-market

Key Takeaways:

Market Growth: The NGS sample preparation market is forecasted to grow at a 13.7% CAGR, reaching USD 5.44 billion by 2032.
Market Drivers: Increasing adoption of NGS in clinical diagnostics, advancements in preparation technologies, and rising demand for precision medicine are key growth factors.
Industry Trends: The shift toward automation, miniaturization of sample preparation kits, and the integration of AI-driven workflows are shaping the market’s future.
Future Outlook: With continued innovations and growing applications in personalized healthcare, the NGS sample preparation market offers substantial opportunities for stakeholders across the life sciences ecosystem.

The expansion of the NGS sample preparation market underscores its vital role in unlocking the potential of genomic research and diagnostics, paving the way for transformative advancements in healthcare and scientific discovery.

Factors Driving Market Growth

Increased Demand for Genomic Research: The rising interest in genomics and personalized medicine is driving the need for efficient NGS sample preparation techniques.
Technological Advancements: Continuous innovations in NGS technologies and methodologies are enhancing the efficiency and accuracy of sample preparation processes.
Growing Applications in Healthcare: The application of NGS in various fields such as oncology, infectious diseases, and genetic disorders is expanding, leading to increased demand for sample preparation solutions.
Decreasing Costs of Sequencing: As the costs associated with sequencing continue to decline, more research institutions and healthcare facilities are adopting NGS technologies, further boosting the sample preparation market.
Rising Awareness and Adoption of Precision Medicine: The focus on precision medicine is increasing the demand for advanced genomic testing, which relies heavily on effective sample preparation.

Regional Insights

The North American market is expected to dominate due to high investments in research and development and a strong presence of key players in the NGS field.
The Asia-Pacific region is anticipated to witness significant growth driven by rising healthcare investments and an increasing focus on genomics research.

How is the Competition Landscape in the NGS Sample Preparation Market?

Some of the market participants in the global NGS sample preparation market is Thermo Fisher Scientific, Agilent Technologies, Inc., F Hoffman-La Roche AG, Illumina, Inc., Eurofins Scientific and Macrogen, Inc.

Companies in the NGS sample preparation market are utilising new opportunities in the areas of agriculture and animal research in addition to medical services to diversify their revenue sources.

In order to better understand multigenic disorders, companies in the market for NGS sample preparation are expanding their studies into the identification of novel disease genes in animals, in turn, expand the NGS sample preparation market share.

A few of the recent developments in NGS sample preparation market are as follows:

NGS library preparation systems were introduced by Agilent Technologies and were made to handle difficult DNA sequencing assays.
NEBNext Custom RNA Depletion Design Tool and RNA Depletion Core Reagent Set were introduced by New England Biolabs to enable customizable RNA Depletion.

Key Companies Profiled

Thermo Fisher Scientific
Agilent Technologies, Inc.
F Hoffman-La Roche AG
Illumina, Inc.
Eurofins Scientific
Macrogen, Inc.

Key Segments Profiled in the NGS Sample Preparation Market Survey

By Type:

Sequencing by Synthesis (SBS)
Ion Semiconductor Sequencing
Single Molecule Real Time (SMRT) Sequencing
Nanopore Sequencing

By Application:

Diagnostics
Drug Discovery
Biomarker Discovery
Precision Medicine
Agriculture and Animal Research
Other Application

By End Use:

Biopharmaceutical Companies
Hospitals
Research Institutes
CMOs
CROs

By Region:

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

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Study Indicates Global Positive Displacement Pumps Market Size to Drive Past USD 21.72 Billion by 2033, Surging at 4.4% CAGR

The global positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of USD 21.72 billion by 2033.

According to a report from Future Market Insights, the net worth of the total positive displacement pumps sold globally in 2023 could be around USD 14.12 billion. Positive displacement pumps have seen impressive development in recent years with an increase in demand for their use in several critical industries including oil mining. They have become essential instruments in a variety of applications due to their outstanding capacity to move viscous liquids, prompting manufacturers to increase production.

Positive displacement pumps have become popular in the chemical sector to move chemical and abrasive fluids, safely and precisely.

Recent Developments by the Positive Displacement Pumps Manufacturing Industries:

In the year 2021, Parker Hannifin released a new MicroVane pump, a tiny rotary vane pump intended for use in medical applications.
In January 2021, May River Capital acquired Unibloc Pump Company to expand its production capacity. Likewise, in September 2020, PSG Pumps was purchased by Flowserve Corporation while its Process Pumps division was purchased by Sulzer AG in October that year.

Key Features and Types of Positive Displacement Pumps:

Fixed Displacement: These pumps move a constant volume of fluid with each cycle regardless of the discharge pressure. Examples include gear pumps, vane pumps, and piston pumps.
Variable Displacement: These pumps can vary the volume of fluid displaced per cycle, allowing for adjustable flow rates. Examples include axial piston pumps and radial piston pumps with variable displacement mechanisms.
Reciprocating Pumps: Reciprocating positive displacement pumps use a piston, plunger, or diaphragm to create flow. As the piston or plunger moves back and forth within a cylinder, it alternately draws in and expels fluid. Reciprocating pumps include piston pumps and diaphragm pumps.
Rotary Pumps: Rotary positive displacement pumps use rotating elements such as gears, lobes, screws, or vanes to trap and move fluid through the pump. These pumps are known for their smooth, pulse-free flow and are commonly used in applications requiring precise metering or high viscosity fluids. Examples include gear pumps, vane pumps, and screw pumps.

Key Players:

Ebara Corporation
Xylem Inc.
Sulzer AG
Flowserve Corporation
Grundfos
The Wier Group PLC
KSB Group
Wilo SE
Dover Corporation
Ruhrpumpen Group

Positive Displacement Pumps Market Segmentation Analysis:

By Product Type:

Reciprocating Pump
Rotary Pump

By Application:

Oil & Gas
Chemicals
Water & Wastewater
Pulp & Paper
Power
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Analysis Affirms Global High Pressure Processing Equipment Market to Exceed USD 1.1 Billion Mark by 2033, Surging at 12.8% CAGR

The global high pressure processing equipment market is on an impressive trajectory, with aspirations to achieve a valuation surpassing USD 1.1 billion by 2033. This notable growth is propelled by a compelling Compound Annual Growth Rate (CAGR) of 12.8%, expected from 2023 to 2033. The momentum driving this substantial expansion is fueled by the rise of innovative clean label products, resonating with an increasingly discerning consumer base well-versed in the inherent advantages of such offerings. This transformative trend sets a dynamic stage for robust growth in the high-pressure processing equipment market throughout the forecast period.

Accompanying the escalating consumer preference for natural and minimally processed products is a significant surge in concerns regarding food safety. This surge notably bolsters the demand for high-pressure processing equipment. Positioned as a pivotal driver for both consumers and manufacturers, food safety emerges as a paramount concern, propelling the demand for this equipment. With its demonstrated efficacy in inactivating microorganisms in foods, high-pressure processing equipment emerges as the preferred choice for manufacturers committed to upholding the safety standards of their products.

FMI’s Insights on Growth Catalysts:

According to FMI, the surging global demand for processed, packaged, and ready-to-eat food products is instigating a notable uptick in the utilization of high pressure processing equipment within the food and beverage industry. The ascendancy of health concerns and heightened consumer awareness regarding the health benefits stemming from “clean label” foods are poised to wield substantial influence on market growth from 2023 to 2033. Moreover, the enforcement of stringent regulatory norms pertaining to food safety, particularly evident in North American and West European countries, is compelling food processing entities to adopt efficient HPP equipment within their processing facilities.

Dominant Role of Horizontal Vessels in Arrangement Types:

Amid the landscape of vessel arrangement types, the horizontal vessel segment is anticipated to emerge as the prevailing market component in terms of value by 2033. The escalating demand for horizontal vessel arrangements is projected to make a significant contribution to the overall market expansion. These horizontal vessels facilitate seamless loading and unloading operations while boasting a generous volume capacity, thus garnering heightened preference in the market.

In the realm of applications, the meat segment secures the pinnacle position in both value and volume. In contrast, the juice & beverage segment is poised to exhibit the most rapid growth in value during the forecast period.

When gauged by capacity, the call for vessels or containers exceeding 300 litres is expected to gain momentum in the coming years. Despite their elevated cost, the above 300 litres vessel category is projected to register a robust Compound Annual Growth Rate (CAGR) due to their substantial holding capacity.

Browse More! https://www.prnewswire.com/news-releases/global-high-pressure-processing-equipment-market-to-grow-at-13-cagr-through-2026-611749975.html

Regional Landscape and Future Trajectories:

The North American domain is set to continue its reign as a market leader during the forecast period. Back in 2016, this region commanded over 40% of the market share, closely followed by Europe. In tandem, these regions accounted for nearly 75% of the market share in terms of value. Notably, the flourishing HPP equipment market within North America can be attributed to soaring demand from tolling services providers and their expanding application spectrum across various end-use sectors. Looking to the Asia Pacific, particularly China, a robust adoption of HPP equipment across diverse industrial domains is projected to unfold in the coming years.

Competitive Dashboard:

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some other key players operating in the global market for high pressure processing equipment.

Key Segments:

By Application:

Fruits & Vegetables
Juice & Beverages
Meat
Sea Food
Other

By Product Type:

Below 100 Liters
100 Litres-300 Liters
Above 300 Liters

By Vessel Arrangement:

Vertical
Horizontal

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

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Australia Conveyor Maintenance Market Revenue to Reach USD 873.43 Million by 2032, Driven by Steady 2.9% CAGR

The Australia conveyor maintenance market is positioned for robust growth, aiming for a projected valuation of USD 873.43 million by 2032, bolstered by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. With notable revenue reaching USD 675.29 million in 2022, the market underscores its current influence and untapped potential within the industrial landscape.

The burgeoning expansion of Australia’s conveyor maintenance market is propelled by pivotal factors that position it as a significant contributor to the nation’s industrial sector. At the core of this growth is the rapid proliferation of manufacturing units, industries, and mining sectors. As these sectors undergo continuous expansion and modernization, the need for efficient and well-maintained conveyor systems becomes increasingly paramount. Conveyor maintenance services play a pivotal role in ensuring the seamless and uninterrupted flow of materials within these dynamic sectors. The trajectory of this market underscores its integral role in supporting the evolving landscape of Australia’s industrial sectors, emphasizing the critical importance of reliable conveyor systems in sustaining operational efficiency.

According to a comprehensive global study focused on the Australian conveyor maintenance market, there is a growing trend among companies to augment their existing machinery with supplementary components. This strategic approach aims to simultaneously boost performance and reduce emissions, addressing challenges such as conveyor downtime and the associated high maintenance expenditures.

These supplementary components encompass a range of advancements, including refined positioning systems and automated assembly techniques. The incorporation of these elements contributes to the overall efficacy of the machinery in achieving its operational objectives.

The robust expansion of this market can be attributed to the escalating number of manufacturing facilities, industries, and mining sectors. The report on the Australian conveyor maintenance market emphasizes that these opportunities are harnessing the power of the latest “Technology 4.0.” This paradigm incorporates fourth industrial revolution elements like artificial intelligence, big data analytics, and machine learning into conveyor technology, thereby driving the evolution of the industry.

Key Takeaways:

On the basis of the research report on the Australian conveyor maintenance market, it suggests that the higher costs attached to the conveyors are pushing the end users in order to keep the maintenance steady to avoid damage to the machine. Along with the application of shifting goods in mining stations and its industrial use, the pack conveyor systems have assisted the end user to reduce manpower while simultaneously enhancing production. Various companies with better innovation management are increasingly adopting machines for better performance. Australian investors are responsible to invest in maintaining these mega machines that cater to small, medium, and large loads.
This surge in production, extraction, and processing is responsible to create a sustainable demand for maintenance services. Similarly, several new mining establishments and projects associated with iron ore, gold, and coal are estimated to start during 2016-2022. They are expected to create fresh revenue streams for suppliers and service providers.
Prominent mining companies focus on reducing expenses and therefore engaging in economic and flexible contract options. Several leading mining companies in Australia engage in various short-term contracts for different components and services. Belt replacement maintenance focuses on several factors including operating loads, belt speed, and other factors, belts with widths of 2000mm-2400mm require less frequent maintenance than lower-width belts.

Key Players:

ContiTech Australia Pty. Ltd.
Endless Belt Service Pty Ltd.
Fenner Dunlop Australia Pty Ltd.
Flexible Steel Lacing Company (Flexco)
Kinder Australia Pty Ltd.
Mato GmbH & Co. KG.
Minprovise Pty Ltd.
Nepean Engineering & Innovation Pty Ltd.

Key Segments Covered:

By Conveyor Type:

Rubber
Metal
Plastic

By Service Type:

Component Fixing
Maintenance Services

By Component Type:

Conveyor Belt
Roller and Idler
Cleaner
Others (Skirting clamps, pulley lagging, fastener, impact beds & splicing kits)

By End-use Industry:

Mining
Industrial and automotive
Pharmaceutical
Food Processing
Others (Power, Fertiliser, transport and logistics)

By Region:

North America
Latin America
The Asia Pacific
MEA
Europe

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Poultry Keeping Machinery Market Revenue Share to Hit USD 7.7 Billion by 2033, Driven by Steady 4% CAGR

The global poultry keeping machinery market is on a trajectory towards prosperity, currently valued at a substantial USD 5.2 billion as of 2023. Forecasts indicate a promising outlook, with the market set to experience significant growth at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This anticipated expansion is expected to culminate in an impressive valuation of USD 7.7 billion by 2033.

A key driver behind this notable growth is the global proliferation of fast-food and restaurant chains, driven by the continuously expanding world population. The growing demand for poultry-based products in these establishments, facilitated by the convenience of dining out in today’s fast-paced lifestyles, has witnessed a remarkable upsurge. Poultry, recognized for its versatility and cost-effectiveness as a protein source, has emerged as the preferred choice for these foodservice outlets.

This shift in growth dynamics can be primarily attributed to the efficacy of poultry as a cost-effective source of protein, which has led to a recent surge in demand for chicken products. Consequently, an upward trajectory in poultry meat consumption is expected to follow suit. Due to its affordability and high protein content, poultry meat is anticipated to retain its status as the preferred source of animal protein among consumers in the foreseeable future.

The indirect driver for the demand in poultry keeping machinery lies in the surging global consumption of chicken products. This demand is not limited to households but also extends to fast-food chains and restaurants, where poultry items are increasingly favored by consumers. In order to meet this growing demand, a diverse range of equipment is required to ensure the healthy and secure production of chickens and eggs, further fueling the poultry keeping machinery market’s growth.

Country-wise Analysis: Poultry Keeping Machinery Market

United States: Growing Adoption of Advanced Machinery Drives Market Growth

The outlook for the Poultry Keeping Machinery Market in the United States is promising, characterized by the increasing deployment of advanced poultry machinery, including automated egg collectors and broiler harvesters. This technological advancement is poised to be a significant driver of market growth within the U.S.

As a result of these innovations, the demand for healthy dietary products is anticipated to witness a substantial upswing, particularly in the realm of chicken products. Recognized as an economical source of protein, chicken products are expected to experience a notable surge in demand. Consequently, there is a growing need for improved infrastructure and facilities to effectively manage poultry, meeting the evolving demands of the market.

China: Novel Technologies Propel Poultry Farm Equipment Demand

China presents a highly lucrative market for poultry keeping machinery, with the rising implementation of novel technologies creating compelling growth opportunities for poultry farm equipment manufacturers. Key drivers in this context include an increase in household income, shifts in food consumption patterns, and changing consumer preferences favoring value-added foods.

Notably, livestock production holds a substantial share of China’s total agricultural output. The widespread adoption of technology for poultry farm equipment, coupled with the emergence of new market entrants offering innovative products, underscores the extensive use of poultry keeping machinery in China. The market’s growth potential is further accentuated by these factors, positioning China as a prominent player in the global poultry keeping machinery market.

Key Players:

Valco Companies, Inc.
Vencomatic Group
TEXHA PA LLC
Petersime NV
HAMex-GmbH
Big Dutchman International GmbH
Jansen Poultry Equipment
Ziggity Systems, Inc.
A.P. POULTRY EQUIPMENTS
TECNO POULTRY EQUIPMENT Spa
Salmet

Market Segmentation:

By Product:

Feeding
Drinking
Climate Control
Incubator Equipment
Hatchery Equipment
Egg Collection, Handling, and Management Equipment
Broiler Harvesting and Slaughtering
Residue and Waste Management
Others (Vaccinations, Floorings, Scales, Nests, Cages)

Bye End User:

Farm
Poultry Factory

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Research Affirms Global Heat Pump Market Share Forecasted to Hit USD 136.2 Billion by 2034, Surging at 10.2% CAGR

The global heat pump market is likely to capture a valuation of USD 51.6 billion in 2024 and reach USD 136.2 billion by 2034. The global market is anticipated to register a CAGR of 10.2% during the forecast period.

Opportunities in the Heat Pump Market:

Energy Transition Initiatives: Consumers are shifting towards clean, eco-friendly, and sustainable energy sources, bringing lucrative opportunities in the market. The demand for heat pumps widely used to generate electricity from renewable sources, including solar power, is significantly booming the market growth.

Hybrid Heat Pump Systems: The rapidly surging demand for a hybrid heat pump in various applications such as oil and gas is bringing vast opportunity. These pumps are reliable, sufficient, flexible, and save energy prices.

Commercial and Industrial Applications: The increasing demand from industrial and commercial uses is expanding the market opportunities. These industries are increasing demand for high energy, efficient solutions, and heating & cooling processes are expanding the market growth.

Smart Technology: Manufacturers are integrating smart heat pump technology for better home and building systems at affordable prices. These technologies are improving energy management and optimizing energy, boosting sales.

District Heating and Cooling: The demand for district heating and cooling is rising to reduce energy consumption, greenhouse gases, and construction in multiple buildings. These systems are gaining huge popularity among consumers and are expanding the market size.

Cold Climate Applications: Manufacturers are seeking high-efficiency heat pumps for cold climates, which are highly attractive to consumers from various regions. These pumps are designed with advanced technology to be installed in harsh winter conditions, gaining consumers’ attention.

Refrigerant Innovations: The global market is developing refrigerants with sustainable practices to reduce carbon footprints with strict regulations and expanding the market opportunities.

Hydrogen Heat Pumps: Ongoing research and development activities are bringing advanced hydrogen heat pumps with cutting-edge technologies for effective heating systems are driving the market size.

Decentralized Energy Systems: Increasing the demand for heat pumps to generate reliable energy is integrated with turbines and solar panels to fuel the global market.

International Market Expansion: Increasing vast infrastructure, urbanization, rapid growth, and emerging economies are bringing lucrative growth in the market. Key players are looking forward to contributing their role in developing sustainable practices and driving market opportunities.

“The market research study underscores the pivotal role of heat pumps in reducing energy consumption and emissions, driving market growth and environmental sustainability. It offers valuable insights into the evolving market dynamics and emerging trends, making it an essential resource for industry stakeholders and decision-makers.”-Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Key Players are Bringing Lucrative Opportunities in the Heat Pump Market

The global heat pump market is highly fragmented by the number of essential players that invest vast amounts in research and development. These players are taking their essential time and efforts to develop advanced, reliable, and high-quality products to capture consumers’ attention. They are bringing innovations to modify their products as per consumers’ requirements. Key players are adopting various marketing tactics to fuel the global market, including mergers, collaborations, acquisitions, and partnerships.

Key Players in the Heat Pump Market:

Viessmann Group
Danfoss Group Global
United Technologies Corporation
Stiebel Eltron Group
Glen Dimplex Group
The Bosch Group
Mitsubishi Electric Corporation
Panasonic Corporation
NIBE Group
Daikin Industries Limited

Key Segments in the Global Heat Pump Market

By Product Type:

Air-water heat pump
Air-air heat pump
Ground Source heat pump
Hybrid heat pump

By End-use Sector:

Residential
Commercial
Industrial

By Power Source:

Electric
Others(Gas Driven)

By Refrigerants:

HFC
CO2
Ammonia
Hydrocarbon
Others

By System Type:

Air-source heat pumps
Ductless mini-split heat pumps
Geothermal heat pumps
Absorption heat pumps

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: