Market Research Blog – Page 457 – New Product Development

Peptide Synthesis Industry Set to Double, Reaching USD 1.1 Billion by 2033 with an 8% CAGR

The global peptide synthesis market is poised for significant growth, with its valuation projected to increase from USD 520.0 million in 2023 to an impressive USD 1.1 billion by 2033. This growth, driven by a steady compound annual growth rate (CAGR) of 8% during the forecast period, highlights the rising importance of peptides in the pharmaceutical and biotechnology industries.

Peptide synthesis plays a pivotal role in drug development, diagnostics, and therapeutic applications. The market’s expansion is fueled by increased research into peptide-based therapeutics, advancements in synthesis technologies, and the growing prevalence of chronic diseases requiring innovative treatment solutions. Peptides’ versatility and effectiveness in targeting specific pathways make them indispensable in modern medicine.

The rapid adoption of automated peptide synthesizers and innovative coupling reagents is driving efficiency and scalability in the market. Moreover, the increased demand for personalized medicine and the development of novel peptide-based drugs are expected to create lucrative opportunities for market players over the next decade.

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Key Takeaways:

Market Growth: The peptide synthesis market is projected to grow from USD 520.0 million in 2023 to USD 1.1 billion by 2033, with a CAGR of 8%.
Market Drivers: Increased focus on peptide-based drug development, technological advancements, and growing demand for personalized medicine are fueling growth.
Industry Applications: Peptides are critical in drug discovery, diagnostics, and therapeutic treatments, addressing a wide range of medical needs.
Future Outlook: Investment in advanced synthesis technologies and the rising adoption of peptide-based therapies are set to drive market growth through 2033.

The robust growth trajectory of the peptide synthesis market offers promising opportunities for researchers, manufacturers, and healthcare providers to advance innovation and improve treatment outcomes for patients worldwide.

Market Drivers

Rising Demand for Peptide-Based Therapeutics: The increasing interest in peptide-based drugs for various therapeutic applications, including cancer treatment and metabolic disorders, is driving market growth.
Technological Advancements: Innovations in peptide synthesis technologies, such as solid-phase peptide synthesis (SPPS) and liquid-phase peptide synthesis (LPPS), are enhancing efficiency and product quality.
Growing Applications in Diagnostics and Research: Peptides are increasingly being utilized in diagnostics, vaccine development, and research, expanding the market’s scope.
Focus on Personalized Medicine: The trend towards personalized medicine is boosting the need for tailored peptide therapies, further propelling market growth.
Investment in R&D: Increased investments by pharmaceutical and biotechnology companies in research and development of peptide therapeutics are expected to drive demand for peptide synthesis services.

Regional Insights

The North American market is anticipated to dominate the peptide synthesis sector due to its advanced pharmaceutical industry and high levels of investment in biopharmaceutical research.
The Asia-Pacific region is expected to exhibit the fastest growth, driven by lower manufacturing costs and increasing outsourcing of peptide synthesis processes.

Competitive Landscape

The multiple established companies and the presence of key players consolidate the market. In addition, due to the modernization of medical research and development projects and rising pharmaceutical manufacturing, the key competitors focus on providing effective products and services.

By adopting several marketing tactics and deep market research, the market players are increasing the sales of peptide synthesis products. Their marketing tactics are mergers, acquisitions, collaborations, and partnerships.

Recent Developments in the Market:

On the recent Innovation of Greener Technology in slid-phase peptide synthesis, Novo Nordisk and Bachem Holding AG announced their partnership to replace N-dimethylformamide and reprotoxic.
The United States-based Thermo Fisher Scientific has recently announced its biopharmaceutical research laboratories. These laboratories perform high throughput and liquid chromatography.
In May 2022, Biohaven Pharmaceuticals and Pfizer Inc announced their agreement to manufacture advanced therapy for dual-acting migraine to treat patients and prevent episodic migraine.
In May 2022, LOTTE Corporation acquired Bristol Myers to grow New York-based plant production by adopting novel biologics.
In February 2022, Plexium and Amgen announced their collaboration to generate protein degradation therapeutics and molecular glue therapeutics.

Key Companies Profiled

GenScript Biotech Corporation; Bachem Holding AG; Thermo Fisher Scientific Inc; Merck KGaA; Kaneka Corporation

Peptide Synthesis Market by Category

By Product and Services:

Reagents
Equipment
Services

By Technology:

Solid-phase peptide Synthesis
Solution-phase Peptide Synthesis
Hybrid & Recombinant Technology

By End Use:

Pharmaceuticals & Biotechnology Companies
CDMOs & CROs
Academics & Research Institutes

By Region:

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

Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:

Kidney Transplant Market
Arthralgia Management Market
Treatment-Resistant Hypertension Management Market

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.

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Extreme Ultraviolet Lithography Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033

Extreme ultraviolet lithography market is expected to have a market value of USD 1,918.8 million in 2023 and USD 17,353 million in 2033, with a compound annual growth rate (CAGR) of 24.6%. The increasing prevalence of smartphones worldwide is contributing to the growth of the extreme ultraviolet lithography industry.

Following its introduction, lithography technology was extensively used in microprocessors. The semiconductor industry’s constant progress and innovation has led to the creation of enhanced lithography methods including extreme UV lithography. During the projected era, it is expected that traditional optical lithography techniques now in use will gradually be replaced by extreme ultraviolet lithography technologies.

Extreme ultraviolet lithography (EUVL) is a technology used in semiconductor manufacturing to produce smaller and more complex integrated circuits. EUVL uses light in the extreme ultraviolet (EUV) range, with wavelengths of 10-14 nanometers, to create patterns on a silicon wafer.

The EUVL market is driven by the increasing demand for higher-performance and lower-power semiconductors in various applications such as smartphones, data centers, and the Internet of Things (IoT). EUVL offers several advantages over traditional lithography techniques, including higher resolution, better contrast, and the ability to produce smaller features. These advantages enable manufacturers to produce more advanced and complex semiconductor chips, which are essential for the development of next-generation technologies.

The EUVL market is expected to grow significantly in the coming years, driven by factors such as increasing investment in semiconductor manufacturing, advancements in EUV light source technology, and the development of new and innovative applications for EUVL. Some of the key players in the EUVL market include ASML, Canon, Intel, Nikon, and Samsung, among others.

However, the market also faces some challenges, such as the high cost of EUVL equipment and the complexity of the manufacturing process. EUVL requires a highly specialized and controlled environment, which can be expensive to maintain. In addition, the development of EUVL technology requires significant investment in research and development, which can be a barrier to entry for smaller companies.

Despite these challenges, the EUVL market is expected to continue growing in the coming years, driven by the increasing demand for advanced semiconductors and the need for more advanced lithography technologies to support their development.

Market Competition

Intel Corporation,
Nikon Corporation,
Canon Inc.,
IBM Corporation,
ASML, and
Samsung Corporation

are some of the main participants in the Extreme Ultraviolet Lithography industry.

Recent Market Developments in the Extreme Ultraviolet Lithography Market:

In July 2022, Nikon announced collaboration with the environmental and water management organisation CIWEM and the free streaming platform WaterBear committed to the future of the world to identify the 2022 Environmental Photographer of the Year. The yearly competition, now in its 15th year, strives to highlight the most inspirational environmental photography from across the world and give an international platform to raise awareness of environmental concerns that threaten the planet.

Key Segments Profiled in the Extreme Ultraviolet Lithography Industry Survey

Extreme Ultraviolet Lithography Market by Light Source Type:

Laser Produced Plasmas
Vacuum Sparks
Gas Discharges

Extreme Ultraviolet Lithography Market by Application:

Light Emitting Diodes (LEDs)
Micro-Fluidics
Micro-Needles
Biotechnology

Extreme Ultraviolet Lithography Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Global Mobile Substation Market Growth: Industry worth USD 1,879.6 Million by 2032, With a 7.2% CAGR

The global mobile substations market is expected to reach a valuation of USD 1879.6 Million in 2032, with the market growing at a healthy CAGR of 7.2% from 2022 to 2032. Driven by extensive application in the utility sector, the target market will likely reach an estimated USD 934.7 Million by the end of 2022. Mobile substations are often used to fill electricity gaps in the grid which results in large-scale application of the same in the utility sector as these substations play a vital role in transmitting and distributing power. Hence, usage in utility sector is a primary growth-driver for the mobile substations market during the forecast period.

Escalating degree of power transmission issues along with an imbalance within the transmission network amplify the demand for mobile substations. This is because mobile substations assist in strengthening the dependability of the primary high-voltage transmission grid. The concept of a modular, plug-and-play mobile substation allows grid connections and stability under any conditions. This positively impacts the market for mobile substations.

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Furthermore, the increasing demand for renewable energy also propels the target market growth. The elevated need for smooth renewable energy integration into the electric grid, caused by an upsurge in the amount of clean energy projects is boosting the demand for mobile substations. Again, the capacity of power systems to recover as quickly as possible from major weather events and natural disasters is advantageous to local businesses and communities.

Besides, the growing demand for electricity necessitates the usage of a new efficient and effective transition management strategy which would make full use of mobile substations. The continuous evolution of the share of renewable energy in centralized and decentralized grids also contributes to the demand for mobile substations. These considerations will likely drive the growth of the mobile substations market during the forecast period.

Industrial Applications:

Manufacturing and Production: Mobile substations provide reliable power for temporary production lines, plant expansions, or maintenance activities within industrial facilities.
Oil and Gas Exploration: These units supply temporary power for drilling rigs, refineries, and other remote oil and gas operations.
Events and Entertainment: Large-scale concerts, festivals, and sporting events often require temporary power boosts, which mobile substations can conveniently deliver.

Key Takeaways:

A lack of awareness regarding mobile substations may impede their market growth.
The mobile substation market in North America will lead the global growth with ownership of 26.3% of the overall market share.
Rapid industrial development will propel mobile substation market in the Asia Pacific region.
Start-ups in this market are supplying personalized solutions to meet end user demands.

Competitive Landscape

General Electronic, Hitachi ABB Inc., Siemens AG, Qingdao MEIDENSHA CORPORATION, Enerset Power Solutions, and Aktif Group of Companies among others are some of the major players in the mobile substations market profiled in the full version of the report.

Leading market players are keen on finding solutions to energy issues and entering new economies to expand their operations. These businesses engage in agreements, partnerships, and collaborations to strengthen their market positions.

Top 06 Key Players in the Mobile Substations Industry

General Electronic
Hitachi ABB Inc.
Siemens AG
Qingdao MEIDENSHA CORPORATION
Enerset Power Solutions
Aktif Group of Companies

Key segments

By Type:

Trailer-mounted mobile substation
Skid-mounted mobile substation
Containerized
Others

By Voltage:

High Voltage
Medium Voltage

By End Use:

Industrial
Manufacturing
Energy and Power
Transportation and Logistics
Aerospace and Marine
IT and Telecommunication
Oil and Gas
Mining
Military
Chemical
Others

By Region:

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

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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Non-Destructive Testing Equipment Market Estimated Worth of USD 31574.6 Million by 2032, Growing at a 6.2% CAGR

The Non-Destructive Testing Equipment Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Non-Destructive Testing Equipment market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Non-Destructive Testing Equipment. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Non-Destructive Testing Equipment Market is poised for significant growth, projecting a positive CAGR of 6.2% from 2022 to 2032. This growth trajectory is expected to culminate in a substantial market valuation of USD 31,574.6 Million by 2032, with an initial estimate of USD 17,324 Million by the close of 2022. The impetus behind this upward trend is primarily attributed to the escalating stringency of safety regulations, aimed at ensuring the secure and reliable performance of machinery, as well as facilitating stringent quality control measures.

The heightened focus on adhering to safety protocols has instigated a surge in demand for non-destructive testing equipment across diverse industry verticals. This surge is underscored by the equipment’s pivotal role in evaluating and inspecting various facets of materials, components, and assemblies. As the international market increasingly prioritizes the enhancement of material quality and durability, the demand for non-destructive testing equipment is expected to witness sustained growth.

Moreover, the surge in safety regulations governing quality control, safety, and the dependable functioning of machinery has propelled the adoption of non-destructive testing equipment. This trend is notably pronounced across different end-use industries where the imperative to maintain and enhance quality standards while mitigating breakdown risks has become paramount. In essence, the forecast period anticipates a robust increase in the demand for non-destructive testing equipment, reflecting its pivotal role in ensuring the integrity and reliability of various industrial components.

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Moreover, a myriad of significant opportunities has emerged for both new and established players to distinguish their product offerings through innovation and competitive pricing. Concurrently, there is a heightened demand for non-destructive testing equipment in various construction projects, underscoring its indispensable role in the overarching process. The advent of automatic and laser-based testing equipment is poised to unlock novel avenues for growth within the target market.

Noteworthy advancements in electronics, robotics, automation, and the development of user-friendly software have collectively enhanced the appeal of this equipment across a diverse spectrum of end-users. The incorporation of non-destructive testing equipment has demonstrated a tangible reduction in maintenance and repair costs, thereby propelling the demand for such equipment in the market throughout the forecast period.

“High demand in the expanding construction sector will likely propel the global growth of the non-destructive testing equipment market over the forecast period,” says an FMI analyst.

Key Takeaways:

High investment rates will likely hinder the estimated market growth during 2022-2032.
The non-destructive testing equipment market in North America will hold about 28.5% of the global market share in 2022.
Europe’s non-destructive testing equipment market will account for 23.8% of the market share.
Power generation activities with the use of shale oil coupled with the surging market competition will bolster growth opportunities for the target market in North America.
The growth and development of industrial infrastructure will stimulate market prospects in Europe.
Start-ups in this market are focusing on incorporating novel technologies into their products.

Competitive Landscape

Ashtead Technology, Eddyfi, Fischer Technologies Inc, General Electric, Nikon Corporation, Mistras Group, Olympus Corporation, Sonatest, YXLON International, Zetec, Inc, MME Group, TWI Ltd., among others are some of the major players in the non-destructive testing equipment market profiled in the full version of the report.

Leading market players are keen on utilizing new and advanced technologies to upgrade their product offerings. These businesses also engage in new product releases and product development to gain a competitive edge.

More Insights into Non-Destructive Testing Equipment Market Report

In its latest report, FMI offers an unbiased analysis of the global non-destructive testing equipment market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of end use verticals (petrochemical and pipe, manufacturing applications, government infrastructure, aerospace, automotive, public safety, power generation, others), services (training, inspection, consultation, others), technology (radiography testing, ultrasonic testing, visual testing, magnetic particle testing, liquid penetrant testing, others), and region.

According to the latest FMI reports, based on region, the non-destructive testing equipment market in North America will present substantial growth during 2022-2032. The target market in this region will account for 28.5% of the global market share. The presence of intense market competition and a swell in power generation activities with shale oil, particularly in Canada and the U.S., drive the growth of the non-destructive testing equipment market in North America. Besides, Europe too will demonstrate notable growth by accounting for 23.8% of the global non-destructive testing equipment market shares. Advancing industrial infrastructure will propel the target market growth in this region during the forecast period.

Key Segments Covered in the Non-Destructive Testing Equipment Industry Analysis

By End Use Verticals:

Petrochemical and pipe
Manufacturing applications
Government infrastructure
Aerospace
Manufacturing applications
Automotive
Public safety
Power generation
Others

By Services:

Training
Inspection
Consultation
Others

By Technology:

Radiography Testing
Ultrasonic Testing
Visual Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Others

About Future Market Insights (FMI)

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Inspection Machines Market Insights Rising at a 5.1% CAGR by 2032, Projected Value of USD 1053.5 Million

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

With a robust CAGR of 5.1% projected over the forecast period from 2022 to 2032, the global inspection machines market is expected to experience significant expansion. The global market is forecasted to rise from USD 643.1 Million in 2022 to USD 1,053.5 Million by 2032. There is a noticeable proliferation of inspection checkpoints along the entire production line, leading to an uptick in sales of inspection equipment. However, the integration of inspection equipment into the manufacturing and packaging line poses challenges due to the complexity of the machines and the demanding end-use environment.

The Inspection Machines Market is poised for substantial growth, driven by a surge in research studies, innovative product developments, and upcoming launches. Among these advancements is the cutting-edge VT-X750-V3 system introduced by OMRON Corporation in 2021. This state-of-the-art CT-type X-ray inspection device is highly acclaimed for its unparalleled speed and efficiency.

On the contrary, it is anticipated that burgeoning market opportunities will emerge from investments in Research and Development (R&D) activities, particularly in the biotech and pharmaceutical sectors. As these industries invest in advancing technologies, the demand for sophisticated inspection machines is likely to grow, contributing to the overall market expansion.

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Anticipated advancements in research studies, coupled with innovative product development and launches, are expected to significantly propel the growth of the inspection machines market. In 2021, OMRON Corporation introduced the VT-X750-V3 system, heralded as the fastest CT-type X-ray inspection device, showcasing the industry’s commitment to cutting-edge technology.

Several key market players have also contributed to this momentum by unveiling their OEM product range featuring X-ray technologies tailored for both industrial and pre-clinical X-ray imaging systems. This strategic move aims to address the evolving needs of diverse sectors and enhance the overall efficiency of inspection processes.

In recent years, a groundbreaking concept has emerged in the form of non-destructive testing devices utilizing a novel carbon nanotube (CNT)-based miniature X-ray tube. This pioneering technology is poised to revolutionize the landscape of inspection machines, particularly in facilitating small-scale internal examinations of objects. The introduction of such advancements is expected to drive increased adoption of inspection machines, further solidifying their role in various industries.Top of Form

Key Takeaways:

Product recalls have been surging due to unearthed issues including such cases when it is defective or at risk of health or both. Furthermore, rising regulatory compliance with good manufacturing practices (GMP) is contributing to the presence of major governmental and non-governmental authorities that inspect the final products deployed in the market by manufacturers. These factors are expected to propel the demand for inspection machines.
Within the pharmaceutical sector, several regulatory agencies such as the Food and Drug Administration (FDA), European Medicines Agency, and the Pharmaceuticals and Medical Devices Agency carefully monitor the compliance of manufacturers with Current Good Manufacturing Practice (CGMP) regulations to ensure the quality of drugs and medical devices. These regulations are important as they ensure product safety, and the claims of ingredients provided are verifiable.
The prominence of CMOs and CROs has surged in manufacturing and packaging due to the possibility of reducing timeframes with simultaneously offering external validation and expertise. Since contract manufacturers have specialized teams that can efficiently grasp client quality standards are now known to be a valuable source for OEMs. These aforementioned factors are likely to accelerate the growth of the inspection machines market share.
Developing markets have witnessed a surge within the unorganized healthcare systems. Due to this, the lack of adequate infrastructure and poverty limit the expansion of the industry. Additionally, there has been an increase in the demand for refurbished machines, although these machines are expensive. These factors are expected to hinder the global market growth.

Competitive Landscape

The inspection machines market share is predicted to increase as manufacturers are searching to expand their production and presence all over the market through several strategic tactics such as various collaborations and product launches. Furthermore, the industry is becoming highly competitive amongst market players in terms of product variation and pricing.

More Insights into the Inspection Machines Market

North America is expected to witness lucrative growth opportunities over the projection period by accounting for a total revenue of around 23.5%. This has been attributed to several types of research that have been conducted over the years based on the importance of the inspection of devices during manufacturing.

Sound manufacturing practices must be inherently built right into the manufacturing process since they are unable to get tested on individual batches of products. Therefore, the inspection machines market growth is anticipated to propel attributing to such research to emphasize the importance of GMP.

Prominent market players are focusing on introducing technologically advanced gadgets with systems such as the In-Sight 3D-L4000 embedded vision system. It allows engineers to be quicker and more accurate and cost-effectively solve a range of inspections on automated production lines through the implementation of 3D laser displacement technology.

Owing to rising technological advancements, recently, a new concept for a non-destruction device has emerged which is based on an X-ray tube. With the help of carbon nanotube-based miniature x-ray tubes, such devices are gaining traction in the global inspection machines market. These technological advancements are expected to bolster market growth over the projection period.

Key Segments Profiled in the Inspection Machines Market Survey

By Packaging Type:

Blisters
Ampoules
Syringes
Vials

By Machines:

Colour Sorters
Checkweighers
Metal Detectors

By End User:

Pharmaceuticals
Medical Devices

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Patient Monitoring Devices Industry to Reach USD 125.2 Billion by 2032 with a Robust CAGR of 10.5%

Remote Patient Monitoring Devices Market — Patient Monitoring Devices Industry

The global patient monitoring devices market is witnessing significant growth, with sales valued at USD 42.3 billion in 2021. According to a newly released analysis report by Future Market Insights, the market is projected to expand at an impressive compound annual growth rate (CAGR) of 10.5% from 2022 to 2032, reaching a valuation of USD 125.2 billion by the end of the forecast period.

Among the product segments, blood glucose monitoring systems are expected to lead the market, with revenue projected to grow at an even higher CAGR of over 12.2% during the forecast period. This highlights the increasing prevalence of diabetes and the demand for innovative, accurate, and accessible monitoring solutions.

The overall market growth is driven by a surge in demand for remote patient monitoring technologies, advancements in wearable devices, and an aging global population requiring continuous health management. The growing integration of IoT and AI into patient monitoring systems further enhances their usability, providing real-time insights that improve clinical outcomes and reduce healthcare costs.

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Key Takeaways:

Market Growth: The patient monitoring devices market is expected to grow from USD 42.3 billion in 2021 to USD 125.2 billion by 2032, at a CAGR of 10.5%.
Blood Glucose Monitoring Systems: This segment is poised for the highest growth, with a CAGR exceeding 12.2% from 2022 to 2032.
Market Drivers: Increasing prevalence of chronic diseases, advancements in remote monitoring technologies, and the adoption of AI and IoT are key growth factors.
Healthcare Impact: Patient monitoring devices are transforming healthcare delivery by enabling early diagnosis, efficient disease management, and enhanced patient care.

The rapid expansion of the patient monitoring devices market underscores the ongoing digital transformation in healthcare, offering substantial opportunities for technology providers, healthcare systems, and investors to innovate and contribute to better global health outcomes.

Market Drivers

Increasing Demand for Blood Glucose Monitoring Systems: Among various segments, blood glucose monitoring systems are expected to see the highest growth, projected to expand at a CAGR of over 12.2% during the same period.
Rising Awareness of Health Monitoring: Growing awareness among consumers regarding the importance of health monitoring and early detection of diseases is driving demand for patient monitoring devices.
Technological Advancements: Innovations in monitoring technologies, including wearable devices and remote patient monitoring solutions, are enhancing the capabilities and accessibility of patient monitoring systems.
Shift Towards Home Healthcare: The trend of shifting patient care from hospitals to home settings is increasing the need for effective monitoring solutions that can be used outside traditional clinical environments.
Impact of the COVID-19 Pandemic: The pandemic has accelerated the adoption of remote patient monitoring devices, highlighting their value in providing accessible and cost-effective healthcare solutions.

Key Companies Profiled

Honeywell
American Telecare
Roche
Philips Healthcare
Bosch
Biotronik
Intel
Welch Allyn
Health Anywhere Inc.
Johnson & Johnson
Covidien Plc

Competitive Analysis

Honeywell, American Telecare, Roche, Philips Healthcare, Intel, Welch Allyn, Health anywhere Inc., Johnson & Johnson, Bosch, Biotronik, and Covidien Plc are the key players operating in the market.

Some of the recent developments of Patient Monitoring Devices Market key providers are as follows:

In October 2021, Honeywell introduced the Real-Time Health Monitoring System (RTHMS), which combines hardware and data analytics software to improve real-time and remote patient monitoring, as well as digitize and automate time-consuming and critical tasks for medical personnel. This is expected to reduce administrative responsibilities by 35%.
In June 2020, Abbott received FDA approval for the FreeStyle Libre 2 Integrated Continuous Glucose Monitoring (iCGM) device for diabetic patients. This device monitors glucose levels every minute and includes a real-time alarm feature. It has a self-applied iCGM sensor that eliminates the need for finger pricks to remove blood. When a user’s blood glucose levels drop or rise, the device’s Bluetooth technology automatically warns them.
In January 2020, Medtronic gained FDA clearance for Micra AV, the smallest pacemaker with atrioventricular synchronization.

Market Segments Covered in Patient Monitoring Devices Market Analysis

By Product Type :

Blood Glucose Monitoring Systems
- Self-monitoring Blood Glucose Systems
- Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
- ECG Devices
- Implantable Loop Recorders
- Event Monitors
- Mobile Cardiac Telemetry Monitors
- Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices
- Low-acuity Monitoring Devices
- Mid-acuity Monitoring Devices
- High-acuity Monitoring Devices
- Overall
- Pulse Oximeters
- Spirometers
- Capnography
- Peak Flow Meters
Temperature Monitoring Devices
- Handheld Temperature Monitoring Devices
- Table-top Temperature Monitoring Devices
- Wearable Continuous Monitoring Devices
- Invasive Temperature Monitoring Devices
- Smart Temperature Monitoring Devices

By End User :

Hospitals
Ambulatory Surgery Centers
Home Care Settings
Other End-user

By Region:

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

Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:

Gastrointestinal Stromal Tumor (GIST) Therapeutics Market
Monoclonal Gammopathy of Undetermined Significance (MGUS) Management Market
Castration-Resistant Prostate Cancer (CRPC) Treatment Market

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)

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Future Market Insights Inc.
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Nurse Call Systems Industry to Surge to USD 4.55 Billion by 2033 with a Robust CAGR of 8.8%

The global nurse call systems market is projected to experience significant growth, expanding from USD 1.96 billion in 2023 to an impressive USD 4.55 billion by 2033. This growth, driven by a robust compound annual growth rate (CAGR) of 8.8% over the forecast period, underscores the increasing demand for advanced communication and alert systems in healthcare settings.

Nurse call systems have become a critical component in modern healthcare, facilitating efficient communication between patients and healthcare providers. The growing focus on enhancing patient care, coupled with the rising adoption of advanced technologies, is propelling market growth. Key factors such as the aging population, increasing prevalence of chronic diseases, and the need for real-time patient monitoring are fueling the demand for these systems.

The market’s expansion reflects the healthcare sector’s ongoing digital transformation, with hospitals and care facilities investing in intelligent, user-friendly, and integrated nurse call solutions. These systems not only improve response times and patient satisfaction but also streamline workflows for medical staff, contributing to operational efficiency.

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Key Takeaways:

Market Growth: The nurse call systems market is expected to grow from USD 1.96 billion in 2023 to USD 4.55 billion by 2033, registering a CAGR of 8.8%.
Market Drivers: Rising healthcare demands due to an aging population, chronic disease prevalence, and technological advancements in communication systems are driving growth.
Healthcare Impact: Nurse call systems are enhancing patient safety, optimizing workflows, and improving healthcare delivery.
Future Outlook: With increasing investments in healthcare infrastructure and digital solutions, the nurse call systems market is poised for sustained growth over the next decade.

This growth presents opportunities for healthcare providers, technology innovators, and manufacturers to capitalize on the increasing demand for state-of-the-art communication solutions, ultimately advancing patient care and operational efficiency.

Factors Driving Market Growth

Increased Penetration of Smart Technologies: The integration of smart technologies and artificial intelligence into healthcare systems is enhancing the functionality and efficiency of nurse call systems, driving demand.
Government Expenditure on Healthcare: Post-pandemic government investments in healthcare infrastructure are facilitating the development and adoption of advanced communication technologies, including nurse call systems.
Growing Demand for Wireless Systems: The rising popularity of wireless nurse call systems is transforming communication within healthcare facilities, allowing for more flexible and efficient patient care.
Focus on Patient-Centric Care: There is a growing emphasis on improving patient care quality through effective communication between patients and healthcare providers, which is propelling investments in nurse call systems.
Regulatory Compliance and Quality Assurance: Healthcare facilities are increasingly adopting nurse call systems to meet regulatory requirements and enhance quality assurance processes.

Regional Insights

The North American market is expected to dominate the nurse call systems sector due to its advanced healthcare infrastructure and high adoption rates of innovative technologies.
Europe is also expected to capture a substantial share, driven by increasing investments in healthcare technology and a focus on improving patient outcomes.

Competition Scenario

Vendors Target Collaborations and New Product Launches to Remain Afloat in the Market

The presence of a plethora of vendors renders the global nurse call systems market highly fragmented. In this nurse call systems market report, the following companies have been profiled: Hill-Rom Holdings Inc., Ascom, Honeywell International Inc., Johnson Controls International Plc, Rauland-Borg Corporation. The aforementioned players rely on launching new products, subject to approval by regulatory authorities. Additionally, collaborations, acquisitions, and partnerships characterize other strategies for expansion.

Market Developments:

Hill-Rom Holdings Inc. announced a new collaboration with Aiva to develop a hands-free communication device to facilitate caregiver-to-patient and caregiver-to-caregiver assistance utilizing an in-room voice assistant solution. This step has been initiated with the hope of expanding the company’s product portfolio and reach a wide target audience.
Rauland-Borg was acquired by Ametek Inc. to expand its mission-critical communication solutions for healthcare systems, hospitals, and educational facilities. This acquisition has helped Rauland-Borg expand its research and development capabilities.
Tunstall Healthcare partnered with Telefonica Empresas in order to provide remote patient management services across Spain. The agreement was specifically chalked taking into account the scope for improvement in residential-grade healthcare delivery.

Key Players

Proofpoint
Digital Shadows Ltd
FireEye
LookingGlass Cyber Solutions
RSA Security LLC
PhishLabs
Axur
Blueliv
CYBERSPRINT
Safeguard Cyber
RiskIQ

Key Segments

Equipment Type:

Button-based Systems
Integrated Communication Systems
Mobile Systems
Intercom Systems

Application:

Alarms & Communications
Workflow Optimization
Wanderer Control
Fall Detection & Prevention

Technology:

Wired Nurse Call Systems
Wireless Nurse Call Systems

End-user:

Hospitals
Ambulatory Surgical Centers
Clinics
Long-term Care Centers

By Region:

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

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Author By:

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

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Arthroscopy Devices Industry to Reach USD 11.5 Billion by 2034 at a Steady CAGR of 4.3%

The global arthroscopy devices market is on track for consistent growth, with projected sales reaching USD 7,600 million in 2024. Over the decade-long forecast period (2024–2034), the market is anticipated to grow at a compound annual growth rate (CAGR) of 4.3%, culminating in a valuation of USD 11.5 billion by 2034. This steady expansion highlights the rising demand for minimally invasive surgical solutions across orthopedic and sports medicine applications.

Arthroscopy devices, essential for diagnosing and treating joint-related conditions, have seen increased adoption due to technological advancements, including high-definition visualization systems and robotics-assisted surgeries. Factors such as the growing prevalence of joint disorders, an aging population, and the rising demand for quicker recovery times are propelling the market forward. Additionally, advancements in precision instrumentation are improving surgical outcomes, making these devices a cornerstone of modern orthopedic care.

This market growth also reflects the healthcare sector’s shift towards minimally invasive techniques that offer shorter hospital stays, reduced surgical risks, and improved patient experiences. Key players in the industry are investing in R&D to develop innovative, cost-effective solutions and expand their presence in emerging markets, further driving the industry’s growth trajectory.

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Key Takeaways:

Market Growth: The global arthroscopy devices market is projected to grow from USD 7,600 million in 2024 to USD 11.5 billion by 2034, at a CAGR of 4.3%.
Market Drivers: Increasing demand for minimally invasive procedures, technological advancements, and the rising prevalence of joint disorders are fueling growth.
Healthcare Impact: Arthroscopy devices are revolutionizing orthopedic and sports medicine, offering improved outcomes and faster recovery.
Future Outlook: Industry innovation and expansion into emerging markets are set to sustain growth and improve accessibility over the next decade.

As the global arthroscopy devices market continues its upward trajectory, it presents significant opportunities for healthcare providers, technology innovators, and manufacturers to cater to a growing demand for cutting-edge surgical solutions.

Factors Driving Market Growth

Increasing Incidence of Musculoskeletal Disorders: The rising prevalence of conditions such as osteoarthritis and sports injuries is driving demand for arthroscopic procedures, which are less invasive and offer quicker recovery times compared to traditional surgeries.
Aging Population: An aging demographic is contributing to a higher incidence of joint-related issues, thereby increasing the need for arthroscopy devices and procedures.
Technological Advancements: Ongoing innovations in arthroscopic equipment, including improved imaging technologies and surgical instruments, are enhancing the effectiveness and safety of arthroscopic surgeries.
Preference for Minimally Invasive Procedures: Patients and healthcare providers are increasingly favoring minimally invasive surgical techniques that reduce complications and recovery times, further boosting the demand for arthroscopy devices.
Growing Awareness and Acceptance: Increased awareness about the benefits of arthroscopic surgery among patients and healthcare professionals is leading to higher adoption rates of these procedures.

Regional Insights

The United States is expected to lead the market with a projected CAGR of 5.2%, driven by high rates of sports injuries and advanced healthcare infrastructure.
Other regions such as China are also anticipated to show strong growth, with a CAGR of approximately 6.2%, due to increasing healthcare investments and a growing population requiring orthopedic care.

Competitive Landscape

The global arthroscopy devices market is extremely competitive. Leading market players dominate the market owing to their diverse product ranges and high brand awareness. The industry giants invest extensively in research and development to offer advanced, minimally invasive surgical equipment that improve procedural efficiency and patient outcomes.

The market is seeing rising competition from new enterprises and startups that specialize in specific niches and novel technology. The new entrants frequently bring new viewpoints and cutting edge solutions, challenging the established market players and propelling the market growth.

Collaborations, mergers, and acquisitions are frequent techniques used by industry leaders to increase their product offerings and boost their worldwide position.

Technological developments are critical in the competitive field, with businesses constantly introducing next generation arthroscopy devices with increased imaging systems, robotics integration, and ergonomic designs.

Recent Developments

In April 2024, Medtronic plc, a global leader in healthcare technology announced that the USA Food and Drug Administration (FDA) authorized the Inceptiv™ closed-loop rechargeable spinal cord stimulator for the treatment of chronic pain.
In April 2024, Zimmer Biomet Holdings, Inc., a worldwide medical technology pioneer, reported the successful completion of the world’s first robotic-assisted shoulder replacement operation using its ROSA® Shoulder System.

Leading Arthroscopy Devices Brands

Medtronic plc, Zimmer Biomet Holdings, Inc, Conmed Corporation, Johnson & Johnson, Henke Sass Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Karl storz GmbH & Co. KG, Arthrex, Inc and Richard Wolf GmbH are the key players in this market.

Key Segments of the Report

By Procedure:

The arthroscopy devices market is classified into shoulder arthroscopic procedure, knee arthroscopic procedure, hip arthroscopic procedure, and others.

By Product Type:

The arthroscopy devices market is classified into arthroscopies, arthroscopic implants, shoulder implants, knee implants, hip implants, small joint implants, arthroscopic shaver systems, arthroscopic visualization, fluid management systems, arthroscopic radio frequency devices, arthroscopic radio frequency systems, arthroscopic radio frequency wands.

By End User:

The arthroscopy devices market is classified into hospitals, clinics and others.

By Region:

Analysis of the arthroscopy devices market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.

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Author By:

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

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Deep Learning Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The deep learning market is expected to be worth USD 12,569.0 million globally in 2022 and is projected to increase at a CAGR of 26.4% to USD 130,667 Million globally from 2022 to 2032. The fast use of cloud-based technologies across several businesses is blamed for the expansion of the deep learning market.

Deep learning neural networks are being used by businesses to mine massive volumes of data for insightful information that can be used to develop new products, enhance consumer experiences, and expand revenue potential for the deep learning market. One of the most cutting-edge technologies in business computing is deep learning, which is growing on a global scale.

During the projected period, the worldwide deep-learning market will expand due to the increasing demand for improved human and system interaction. Deep learning algorithms will help humans become more capable as they provide expert advice. Additionally, deep learning technology is increasingly being used in a variety of industrial sectors, including healthcare, finance, retail, and others. Strong R&D for the development of new products is another element propelling this market.

The rise of data mining applications in the deep learning market is being driven by the rising need for deep learning in fraud detection, database systems, and cyber security. The patient information, diagnosis, and other data sets produced by the healthcare industries are massive. Data mining is therefore expected to experience the fastest growth rate in the healthcare industry shortly.

Deep Learning Market: Market Dynamics:
The rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of the Deep Learning market Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of the Deep Learning market. Growing usage of deep learning in data analytics and database systems growth opportunities for the Deep Learning Market.

Global Deep Learning Market: Competition Landscape:
A few prominent players in the Deep Learning market include Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc., and NVIDIA Corporation, etc.

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Key Segments Profiled in the Deep Learning Industry Survey

Deep Learning Market by Product:

Hardware
Software
Services

Deep Learning Market by Application:

Image Recognition
Signal Recognition
Translation
Data Mining

Deep Learning Market by End User:

Automotive
Media & Entertainment
Aerospace & Defence
BFSI
Retail
Healthcare

Deep Learning Market By Region:

North America Deep Learning Market
Europe Deep Learning Market
Latin America Deep Learning Market
Asia Pacific Deep Learning Market
Middle East & Africa Deep Learning Market

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Patient Portal Industry to Surge to USD 19.08 Billion by 2034 at a Remarkable CAGR of 14.8%

The global patient portal industry is poised for significant growth, with its valuation expected to soar from USD 4,800.3 million in 2024 to an impressive USD 19.08 billion by 2034. Registering a strong compound annual growth rate (CAGR) of 14.8% throughout the forecast period, this rapid expansion underscores the increasing demand for digital healthcare solutions worldwide.

Patient portals are transforming healthcare by enhancing communication between patients and providers, streamlining administrative processes, and fostering better health outcomes. This dynamic growth is fueled by advancements in technology, increasing adoption of electronic health records (EHRs), and a surge in demand for patient-centric care. As healthcare systems worldwide prioritize interoperability and accessibility, the adoption of patient portals is set to accelerate further.

The market’s expansion highlights a trend toward integrated healthcare solutions that empower patients to actively participate in their care. Features such as appointment scheduling, access to medical records, and secure messaging are becoming essential tools for modern healthcare systems. As a result, key stakeholders in the industry are investing heavily in innovation to meet the growing needs of patients and providers alike.

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Key Takeaways:

Projected Growth: The global patient portal market is forecasted to grow from USD 4,800.3 million in 2024 to USD 19.08 billion by 2034, at a CAGR of 14.8%.
Market Drivers: Increasing adoption of EHRs, patient-centric care models, and technological advancements are key drivers.
Industry Impact: Patient portals are playing a pivotal role in streamlining healthcare delivery and improving patient engagement.
Future Outlook: With continued innovation and investment, the patient portal market is set to redefine the healthcare landscape over the next decade.

This exponential growth presents immense opportunities for businesses, technology providers, and healthcare organizations to collaborate and advance the digital transformation of healthcare.

Factors Driving Market Growth

Surge in Digital Health Solutions: The increasing adoption of digital health technologies is enhancing patient engagement and facilitating better communication between patients and healthcare providers.
Emphasis on Patient-Centered Care: There is a growing focus on patient-centered care, which encourages healthcare providers to implement patient portals that allow individuals to access their health information easily.
Government Initiatives and Regulations: Regulatory frameworks, such as the HITECH Act in the United States, are promoting the use of health IT solutions, including patient portals, to improve healthcare delivery.
Impact of the COVID-19 Pandemic: The pandemic accelerated the adoption of telehealth and remote patient monitoring solutions, solidifying the role of patient portals in maintaining continuity of care while minimizing in-person visits.
Rising Demand for Efficient Healthcare Management Systems: The need for streamlined administrative processes and improved patient satisfaction is driving healthcare providers to implement electronic health records (EHRs) integrated with patient portals.

Competitive Landscape of the Market

The competitive landscape of the market is characterized by the dominance of major EHR vendors like Epic Systems, Cerner Corporation, and Allscripts Healthcare Solutions, which hold significant market shares due to such comprehensive and integrated solutions.

Intense competition drives continuous innovation, with companies focusing on enhancing functionalities, ensuring interoperability, and improving user experience. Regulatory compliance and robust data security measures are important competitive factors as firms strive to meet the evolving demands of healthcare providers and patients.

Recent Developments

In 2024, Cerner Corporation launched an advanced AI-driven feature within its industry, designed to provide personalized health insights and predictive analytics.
In 2024, Greenway Health, LLC introduced a significant update to its focus on enhancing mobile accessibility and user experience. The new mobile-friendly interface allows patients to seamlessly access health records, schedule appointments, and communicate with healthcare providers from smartphones.

Key Players of the Industry

Allscripts Healthcare Solutions Inc.
NextGen Healthcare Information Systems
McKesson Corporation
Cerner Corporation
Greenway Health, LLC
athenahealth, Inc.
Epic Systems Corporation
GE Healthcare
Medfusion Inc.

Market Segmentation

By Type:

On the basis of type, the industry is classified into standalone patient portal and integrated patient portal.

By Delivery Mode:

Under delivery mode, the industry is segmented into web-based patient portal and cloud-based patient portal.

By End Use:

Based on end-use, the industry is subdivided into patient portal for providers, patient portal for payers, and others.

By Region:

Under region, the industry is segmented into North America, Latin America, Western Europe, South Asia and Pacific, East Asia, and Middle East and Africa.

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Author By:

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

About Future Market Insights (FMI)

Contact Us:

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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