Market Research Blog – Page 5873 – New Product Development

Demand Europe in Breathing Circuits Market is projected to register a CAGR of 4.2% from 2022 to 2032

By the end of 2022, the market for Breathing Circuits Market is anticipated to be worth US$ 1,163.32 Million and grow at a CAGR of 4.2% from 2022 to 2032. By the end of 2032, the market is projected to be worth US$ 1,758.18 million. In 2021, open breathing circuits dominated the market with a 43.6% market share.

Surge in the number of emergency cases in the healthcare industry continues to rev up demand for breathing circuits in the global market. In addition, prevalence of asthma is projected to contribute towards the global market growth of breathing circuit. Future Market Insight states that the global market of breathing circuit is projected to reflect a CAGR of 3.1% over the forecast period, 2017-2022.

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Factors Fuelling Growth of the Global Market

Growth of the global breathing circuits market is mainly bound to various macro-economic and micro-economic factors. Increasing prevalence of bronchial cancer, chronic coughing, and asthma has led to a surge in demand in the healthcare industry. Increasing preference of smoking is further expected to impact growth of the global market. Smoking leads to chronic inflammation and further increases the asthmatic effect in the patients. These factors lead to increasing adoption of breathing circuits in the hospitals, clinics and ambulatory surgical center.

In its recent report, CDC reveals that 18.4 million in the age bracket of 18 years and over, which represents 7.6% of the adults who have asthma. Increasing prevalence of various diseases such as asthma and bronchial cancer has revved up demand for devices that facilitate deep breathing in the healthcare industry. Attributed to such factors, breathing circuits in the healthcare industry will continue to witness increasing adoption.

Breathing circuits are equipped with features such as innovative face masks, tubes and heat, which provides ideal care and comfort to the patients. The healthcare professionals are also witnessed to be using breathing circuits for drug delivery to patients. Increasing demand for delivering medications to the children, old age patients and infants during emergency will continue to contribute towards the global market growth of breathing circuits.

On the other hand, several factors are likely to impact the global market growth of breathing circuits negatively. Breathing circuits used in the ambulatory surgical centers, hospitals and clinics are equipped with unidirectional valve and increasingly absorb CO2. Due to these factors, the patients resist breathing through breathing circuits. Further, increasing complexities while operating breathing circuits can be fatal during the emergency cases. In addition, preference for practicing yoga in order to enhance health conditions is further expected to impact growth of the global market negatively. Attributed to such factors, sales of the breathing circuit devices will continue to drop in the global market over the forecast period.

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Hospitals to Represent a Major End User

Increasing prevalence of breathing problems such as asthma has revved up adoption of the open breathing circuits in the healthcare industry. Based on the product type, the open breathing circuits segment is projected to generate significant revenues, recording more than US$ 2,000 Mn by 2022-end. On the other hand, the semi open breathing circuits segment is projected to reflect a robust CAGR throughout the forecast period. In terms of revenue, the hospitals end users segment is projected to represent the fastest growth, accounting for more than US$ 2,000 Mn by 2017-end.

The anesthesia application segment is projected to represent robust revenue growth, recording more than US$ 2,000 Mn by 2022-end. In contrary to this, the respiratory dysfunction application segment is projected to reflect the highest CARG through 2022.

Market Players

Major players operating in the global market of breathing circuits are C. R. Bard Inc., Ambu A/S, Armstrong Medical Industries, Inc., Altera Corp., Beijing Aeonmed Co., Ltd., Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Bio-Med Devices, Flexicare Medical Ltd., Dragerwerk AG & Co. KGaA, Teleflex Incorporated, General Electric Company and Smiths Group plc.

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Key Segments Covered in Breathing Circuits Market

By Product:

Open Breathing Circuits
Semi Open Breathing Circuits
Closed Breathing Circuits

By Application:

Anesthesia
Respiratory Dysfunction
Other Applications

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics
Home Care Settings

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About Future Market Insights (FMI)

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

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Protein Expression Technology Market is projected to reach US$ 3.97 Billion by 2029 to register 7.3% CAGR

The global Protein Expression Technology Market was valued US$ 2.3 Billion in 2021, and protein expression technology market is expected to reach US$ 3.97 Billion by the end of 2029, with sales revenue expected to register 7.3% CAGR during the forecast period of 2022 to 2029.

There is growing demand for protein expression technology in multiple industries for numerous applications such as biologics production, therapeutic protein production, and research application.

The global protein expression technology market is projected to experience significant growth during the forecast period, due to the growing demand for proteomics for the identification of several proteins that help in drug discovery, diseases diagnosis, and development of target-specific drugs.

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Key Takeaways from Protein Expression Technology Market Study

There is steady demand for mammalian expression systems, as these offer exceptionally high-yield protein with a wide array of applications such as protein structural analysis and antibody production.
FMI reports that, North America is anticipated to be a prominent market for protein expression technology, owing to developed biotechnology infrastructure, favorable government policies, financial grants for laboratory research, and increase in R&D investments.
Reagents such as antibodies, oligomers, etc., are widely used in protein expression technology for desired transformation of an organic substance, finds FMI.
The commercial success of the protein expression technology market is highly dependent on cancer research studies, which could serve multiple purposes such as identification of proteins associated with diseases, presence of necrotic agents, and assessment of structural and functional abnormalities in protein anatomy.

“Increasing focus on cancer research and accurate identification of proteins associated with diseases, coupled with application of protein expression technology in the development of personalized medicines that are more effective for an individual will create lucrative opportunities for the global protein expression technology market in the future.”

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Strategic Partnerships to Lend Winning Imperatives for Market Participants

The key players are focusing on collaborations, territorial expansion, mergers, and acquisitions to increase their share in the global protein expression technology market space. Mergers and acquisitions help them expand their existing product portfolio and topographical reach.

For example, to strengthen its life science business, Thermo Fisher Scientific Inc. acquired Life Technologies Corporation, which incorporates cutting-edge proteomics and genomics innovations. Increasing regulatory approvals for biologics and technological advancements have prompted high demand for innovative products.

More Valuable Insights on Protein Expression Technology Market

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2029. The global protein expression technology market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to the reader.

The study provides compelling insights on the protein expression technology market on the basis of expression system (insect cell expression systems, prokaryotic expression systems, mammalian expression systems, and yeast expression systems), product type (expression vectors, reagents, competent cells, and instruments), application (drug discovery, protein purification, protein therapeutics, and diseases diagnostic & monitoring), and end user (biotechnology companies, pharmaceutical companies, contract research organizations, and academic research institutes), across seven major regions.

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Key Market Segments Covered In Protein Expression Technology Market ResearchBy Expression System :

Insect Cell Expression System
Prokaryotic Expression System
Mammalian Expression System
Yeast Expression System
Other

By Product :

Expression Vectors
Reagents
Competent Cells
Instruments

By Application :

Drug Discovery
Protein Purification
Protein Therapeutics
Diseases Diagnostic & Monitoring

By End User :

Biotechnology Companies
Pharmaceutical Companies
Contract Research Organisation
Academic Research Institute

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Demand Germany in Hyaluronic Acid Products Market is expected to reach 2.52 Million by 2030

FMI expects global Hyaluronic Acid Products Market to recover, exhibiting growth at 6.1% CAGR through 2030. Hyaluronic acid products have been gaining the momentum backed by massive use in therapies intended at the treatment of osteoarthritis, vesicoureteral reflux (VUR), and dry eye diseases, besides diverse aesthetic applications. Future Market Insights (FMI) in a new study has forecast the global Hyaluronic Acid Products Market to surpass US$ 2.7 Bn by 2021.

As a result, the demand of minimally invasive treatment for diseases such as osteoarthritis and VUR stemmed. Manufacturers are introducing advanced intra-articular hyaluronic acid injections (IAHA) injections for the minimal invasive pain management with minimal pain, short recovery time and shorter hospital stay period.

The rising demand of the minimally invasive treatment for the pain management of osteoarthritis and other chronic ailments have pushed the key players to introduce innovative hyaluronic acid products into the market. The conventional treatment regime for chronic diseases was often invasive, involving certain amount of risk for patients with medical-comorbidities. These treatment methods often resulted in long hospital stays.

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FMI has forecast dermal fillers to remain key application segment, accounting for over 35% of sales in 2021. The dermatological application of hyaluronic acid also has seen surge with the introduction of advanced dermal fillers, masks, and serums for application in restorative therapy and wrinkle augmentations.

Major Key Players:

Anika Therapeutics, Inc.
Fidia Farmaceutici S.p.A.
Sanofi
Ferring B.V.
Viatris Inc.
Croma-Pharma
Seikagaku Corporation
Zimmer Biomet
Lifecore Biomedical, LLC
LG Chem
Bioventus LLC
Smith & Nephew plc
Shanghai Jingfeng Pharmaceutical Co., Ltd.
Nestle (Galderma)
Bausch Health Companies Inc. Companies Inc. (Salix Pharmaceuticals, Inc.)
Allergan Plc.

“Increasing prevalence of chronic inflammatory diseases, increasing geriatric population, and advancements in hyaluronic acid products in terms of better efficacy and cost-effectiveness, are expected to drive the hyaluronic acid products market,” says the FMI Analyst

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The global hyaluronic acid products market is set to expand its scope in the forecast period, as a result of rising prevalence of chronic diseases and expanding geriatric population. In addition to this, the rising demand for minimally invasive therapies and advancing aesthetic procedures and products are propelling the growth of the market.

Key Takeaways from Hyaluronic Acid Products Market Study

The hyaluronic acid products market will expand at a CAGR of 6.1% between 2020 and 2030
The U.S. will emerge as one of the leading markets, accounting for over 73% of sales in North America
The U.K. will remain one of the key markets within Europe, registering 7.7% Y-o-Y growth in 2021
The demand for Germany and France will continue rising at a positive rate
Japan will emerge as a leading market in East Asia, followed by China and South Korea

Who is winning?

Manufacturers in the hyaluronic acid products market are focusing on advanced IAHA injections, dermal filler, and other products. The delivery of hyaluronic acid to the target site has been made effective, precise, and minimally invasive. This is intended at ensuring more effective pain management for various chronic and inflammatory diseases such as osteoarthritis. Many manufacturers are focused on developing advanced, effective and affordable IAHA injections that come with advanced targeted delivery and minimal invasiveness.

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For instance, Synvisc by Sanofi is effective for osteoarthritis pain. The advanced range of dermal filler launched by Galderma of Nestlé, named Restylane covers a wide spectrum dermal application for volume restorative therapy and Restylane Lyft is indicated for the wrinkle augmentation of the backside of the hand.

Valuable Insights into Hyaluronic Acid Products Market

Future Market Insights, in its new report, provides an unbiased analysis of the hyaluronic acid products market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights into the hyaluronic acid products market based on product type (single cycle injection, three cycle injection, five cycle injection), application (osteoarthritis, ophthalmic, dermal fillers, and vesicoureteral reflux), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, and specialty clinics). Regionally the market covers North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East and Africa.

Hyaluronic Acid Products Market by Category

Product

Single Cycle Injection Products
Three Cycle Injection Products
Five Cycle Injection Products

Application

Osteoarthritis
Ophthalmic
Dermal Fillers
Vesicoureteral Reflux

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Speciality Clinics

Region

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

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Demand in Japan for Pneumonia Diagnostics Market is set to expand at a CAGR of 5.5% from 2022 to 2032

The global Pneumonia Diagnostics Market is expected to enjoy a valuation of US$ 521.1 Million by the end of 2022, and further expand at a CAGR of 5.6% from 2022 to 2032, reaching a valuation of ~US$ 899.4 Million by 2032. Rising prevalence of pneumonia along with growing need for early detection of this medical condition for initiating a proper treatment is a key factor driving demand for pneumonia diagnostics in the market.

The viral pneumonia- based segment is predicted to witness the highest CAGR in the pneumonia diagnostics market over the course of the decade. The viral pneumonia segment of the pneumonia diagnostics market should cross US$ 180 million by end 2027, making it well worth the while of major stakeholders. Viral-based pneumonia is thought to cause approx. 8% of all cases of community-acquired pneumonia in the cases where patients required hospitalization.

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The World Health Organization estimates that pneumonia accounted for 16% of all deaths of children below the age of 5 years – more than 920,000 in 2015. The WHO states that the cost of pneumonia antibiotic treatment in the same year for child survival and newly born babies is roughly US$ 110 million annually. Therefore, there is a pressing need to analyse the pneumonia diagnostics market. In an upcoming report titled ‘Pneumonia Diagnostics Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’, Future Market Insights has undertaken a comprehensive study of the pneumonia diagnostics market that is poised to be worth more than US$ 685 million in 2027.

Region – North America and Western Europe Vital in Pneumonia Diagnostics Market

North America has the maximum share in the pneumonia diagnostics market and is on track to retain this share for some time. The US, primarily due to its world-class healthcare infrastructure and a geriatric population susceptible to pneumonia, represents a larger opportunity than Canada in the North America pneumonia diagnostics market. In addition to this, there is high awareness about pneumonia and its debilitating effects on both infants and the elderly. The North America pneumonia diagnostics market is expected to just push past US$ 200 million by the end of the forecast period.

Western Europe follows North America in the pneumonia diagnostics market with Germany and the UK comprising the bulk of the regional market. The two behemoths represent more than 40% of the Western Europe pneumonia diagnostics market between themselves and companies are advised to focus their attention there. The Western Europe pneumonia diagnostics market is anticipated to record a robust CAGR of 6.2% from 2017 to 2027, making it a region too lucrative to ignore in the global pneumonia diagnostics market. The market attractiveness of Germany is much higher than that of the UK at 1.6.

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Competition Dashboard in the Pneumonia Diagnostics Market

Prominent companies profiled in the pneumonia diagnostics market report include:

Thermo Fisher Scientific
Alere
Quidel Corporation
Becton Dickinson and Company
Meridian Bioscience
Qiagen N.V.
bioMérieux SA
Bio-Rad Laboratories Inc.
Cardinal Health Inc.
Beckman Coulter Inc.

Takeaways

Changing global demographics coupled with greater medical awareness increase the potential for companies in the pneumonia diagnostics market. Manufacturers are seeking to introduce rapid diagnostics to exploit untapped opportunities and producers of pneumonia diagnostics have expanded the value chain to forward integrate the market in emerging economies. A high return on investment could be realized by shifting manufacturing from traditional culture techniques to rapid diagnostics at the point of care.

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Pneumonia Diagnostics Market Taxonomy

Product Type:

Streptococcus-based
Legionella-based
Chlamydophila-based
Viral Pneumonia-based
Mycoplasma Pneumonia-based

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Vascular Access Catheters Market is anticipated to achieve the valuation of about US$ 5.3 Billion by 2032 a CAGR of 5.7%

The global Vascular Access Catheters Market is anticipated to create lucrative US$ 5.3 Billion growth opportunities by exhibiting a CAGR of 5.7% over the forecast period from 2022 to 2032. The global market is expected to achieve a valuation of US$ 3.0 Billion by end of 2022 with a total estimation of US$ 2.2 Billion in the non-antimicrobial segment. According to Future Market Insights’ historical valuation, the global vascular access catheters market registered a CAGR of 4.9% from 2012 to 2021. The global market was valued at US$ 2.9 Billion in 2021.

The growth of the market is attributed to the increasing number of cases of blood transfusions along with the rising demands of patients for central venous access. Furthermore, the rise in a number of lifestyle-related disorders and surging demand for technologically advanced vascular access devices are promising factors to propel the market in the forecast period. The aforementioned factors are expected market drivers and are anticipated to expand the market during the forecast period.

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A vascular access catheter also known as a central line catheter is known as a long, thin, flexible tube utilized to draw bodily fluids and blood from veins including intravenous fluids, drugs, or blood transfusions. Central access catheters are utilized for administering medicines, fluids, nutrients, blood, and blood products. Furthermore, these catheters are used for measuring central venous pressure (CVP), hemodialysis, and chemotherapy over a long period of time. The growth of the global vascular access catheters market is primarily driven by increasing adoption and growing demand for antimicrobial coated catheters, coupled with socio-economic factors such as increasing disease incidences due to the growing aging population. Increasing cases of cancer and chronic kidney disease are major factors globally.

Owing to the technological advancements within the global vascular access catheters market within the developed regions are expected to bolster the prevalence of end-stage renal diseases and rising numbers of vascular access surgeries are the trends expanding the global vascular access catheters market. Other prominent growth drivers are product innovations and increasing rates of hospitalizations. In addition to that, product category, insertion procedure, indication, and the age of the patient are set to define the reimbursement landscape for vascular access catheters. Catheter manufacturers are expected to invest more in product design and quality to minimize the impact on patient safety.

Key Takeaways

The rising implementation of tip location devices has enhanced the accuracy and efficiency of PICC and CVC insertion by helping physicians to position the PICC and CVC tip in proximity to the cardio arterial and large vein junction.
Rising demand for central venous catheters combined with favorable support from various government bodies on the basis of reimbursement and commercialization of novel interventional solutions are major factors boosting collaborations and partnership agreements between manufacturers.

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Prominent companies within the central access devices market are making hefty investments to introduce innovative central venous catheters that will help in capitalizing. Therefore, creating lucrative opportunities in the vascular access catheters market. Also, companies are working on key related issues such as the prevention of thrombus formation and infection by introducing catheters with antimicrobial coatings.
The above-mentioned factors incorporate great prospects for manufacturers in order to elevate the adoption of their products to create a strong consumer base and boost the vascular access catheters market in the forecast years.

Competitive Landscape

Several advancements in biocompatibility, flexibility, and the adoption of novel materials are efficiently shaping the demand for such effective and quality products in the vascular access catheters market. Key market players in the market are looking forward to expanding their market and creating a stronghold in the consumer base from long-term vascular access catheters (VACs). Manufacturers have benefitted from the growing understanding of the diagnosis of VAC-related infections. Technological advancements especially concerning designs and materials have enabled healthcare workers to overcome complex VAC infections and complications. These factors are the prospects of new technologies in the vascular access catheter market.

AngioDynamics, C.R. Bard, Teleflex Incorporated, Kimal, B. Braun Melsungen AG, Vygon (UK) Ltd., Fresenius Kabi AG, Becton, Dickinson and Company, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Medical Components, Inc., Medtronic PLC., Terumo Medical Corporation, NIPRO Medical Corporation, Angiodynamics, Edwards Lifesciences Corporation.

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Key Market Segments Covered in Vascular Access Catheters Industry Research

Products:

Dialysis Catheters
- Acute Hemodialysis Catheters
- Chronic Hemodialysis Catheters
- Peritoneal Dialysis Catheters
PICC Catheters
Implantable Port
CVC Catheters
- Tunneled Catheters
- Non-Tunneled Catheters

Property:

Antimicrobial Catheters
Non-Antimicrobial Catheters

Design:

Single Lumen
Double Lumen
Multiple Lumen

End User:

Hospitals
Ambulatory Surgical Centers
Dialysis Centers
Specialty Clinics and Others

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Region:

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

More Insights into the Vascular Access Catheters Market

The U.S. has dominated the North American vascular access catheters market in 2021 with a regional revenue share of nearly 86% and is expected to grow over a CAGR of 6.4 % during the forecast period.

The European region is anticipated to account for around 22.2% of the total market share over the projection period due to the rising number of cancer cases in the region.

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Hips & Knees Reconstructive Market is set to witness a CAGR of 5.6% and to be valued at around US$ 35.8 Billion by 2032

According to forecasts, the global Hips & Knees Reconstructive Market will reach US$ 20.8 billion by the end of 2022 and expand at a 5.6% CAGR from 2022 to 2032. By the end of 2032, the market is anticipated to be worth US$35.8 billion. With a market share of approximately 57.9% in 2021, knee reconstruction is the market leader in terms of products.

FMI gives a thorough study of the Hips & Knees Reconstructive market using the most recent data and statistics from the largest pharmaceutical and healthcare device makers worldwide. The market study on the existing and upcoming market scenario for the Hips & Knees Reconstructive market is further aided by FMI’s insights into the market data on more than 5000+ pharmaceuticals for more than 100 countries. To give an unbiased analysis for a wise and financially sound decision, our team of healthcare experts follows the data of both long-standing players and recent arrivals in the medical industry.

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Following the development of AI and connected medical devices, the healthcare sector has experienced tremendous growth over the past ten years. The scope for diagnostics and therapies within the medical field has been greatly expanded by technological advancement.

The report provides substantial data sets that validate major trends influencing market growth for hips and knee replacement. It provides insights into the tactics used by the major competitors to solve issues that will limit the market’s ability to grow for hips and knee replacements. The Hips & Knees Reconstructive market report will help and identify the worries, for a smooth-sailing of the small & medium as well as large enterprises, with the help of our deep research and information about the past, present, and future market environment.

Critical Questions Answered in the Report

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

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Hips & Knees Reconstructive Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Hips & Knees Reconstructive market report with established market players as well as incumbents in the region.

Key Segments Covered in Hips & Knees Reconstructive Market

By Product:

Hip Reconstruction
- Total Hip Reconstruction Implants
  - Metal-On-Polyethylene
  - Metal-On-Metal
  - Ceramic-On-Polyethylene
  - Ceramic-On-Ceramic
  - Others
- Partial Hip Reconstruction Implants
- Revision Implants
Knee Reconstruction
- Total Knee Reconstruction Implants
- Partial Knee Reconstruction Implants
- Revision Implants

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By Fixation:

Cement
Cementless
Hybrid

By End User:

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers

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

Competitive Analysis

By Prominent Market Players

Zimmer Biomet
DePuy Synthes
Smith & Nephew plc.
Stryker
MicroPort Scientific Corporation
B. Braun Melsungen AG
Exactech, Inc.
Limacorporate S.p.a.
CeramTec
ConforMIS

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

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Hips & Knees Reconstructive market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Laser Therapy Devices Market | Lumenis Ltd., Coherent Inc., Biolitec AG and Hologic Inc. | By 2031

Future Market Insights’ (FMI) latest report on the global Laser Therapy Devices Market expects a healthy growth trend, reach a value of almost US$ 2 billion by 2022, registering a CAGR of around 4%. Long-term prospects also appear bright, with numerous large-scale investments underway to adopt laser treatment procedures, amid rising inclination towards minimally invasive surgeries.

As per FMI’s analysis, oncology and aesthetics treatment are expected to emerge as key growth engines, followed by ophthalmology applications. Furthermore, preference for low level laser therapy (LLLT) is expected to increase, prompting key manufacturers to introduce a slew of innovative laser therapy devices solutions in the long-run. In 2019, the US Food & Drug Administration approved the Erchonia FX 635, a LLLT device to address whole-body pain, reducing the incidence by nearly 50%.

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According to the Cancer Atlas, there were an estimated 18.1 million active cases, with over 9 million cancer deaths in 2018. Additionally, nearly 44 million individuals persons living with cancer that same year who were diagnosed within the previous’ five years. It is projected that this burden is expected to rise by over 60% by 2040. Hence, credible progress is expected to be made in this regard.

Key Takeaways from FMI’s Laser Therapy Devices Market Study

By device type, gas laser therapy devices to account for more than a quarter of the revenue share through 2021 A fifth of the total laser therapy devices revenue is accounted for by hospitals, specialty clinics to generate over half of the total share Ophthalmology treatment is likely to account for the bulk of the revenue share in the laser therapy devices market.

US and UK to experience high sales amid surging popularity of low-level laser therapy (LLLT) High prevalence rates of dermatological disorders to fuel laser therapy device sales across Germany Robust healthcare research funding and a flourishing aesthetics industry to pivot French laser therapy devices market growth High plastic surgery rates to heighten China’s share in the laser therapy devices market.

“Prominent laser therapy devices manufacturers are introducing portable handheld devices in order to enhance the comfort factor for surgeons while administering the appropriate treatment, improving patient outcomes and success rates,” says the FMI analyst.

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Competitive Landscape

Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent Inc., Biolitec AG, Hologic Inc., Alma Lasers Ltd., Fotona D.D, Danaher Corporation and Thermo Fisher Scientific Inc. are some prominent laser therapy devices manufacturers as profiled by FMI’s report. New product launches, capacity expansion initiatives and securing regulatory approvals for specific techniques are some key growth strategies.

In 2018, Hologic Inc. received a medical device license issued by Health Canada to market Cynosure’s advanced non-invasive body contouring product called SculpSure®, a laser treatment device for treating back, inner and outer thighs, and submental area under the chin. This approach destroys fat cells by raising body fat temperature.

Recently, in April 2021, Alma Lasers Ltd. launched the Alma PrimeXTM platform, a non-invasive approach for body contouring and skin tightening in the abdomen, waist, thighs and buttock areas. It deploys a combination of ultrasound and radiofrequency technologies.

More Insights on the Global Laser Therapy Devices Market

In its latest report, FMI offers an unbiased analysis of the global laser therapy devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of device type (solid-state laser, gas laser, liquid laser and semiconductor laser), end-user (hospitals, ambulatory surgical centers, specialized clinics and other end-users), application (ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others) and region (North America, Latin America, Europe, Japan, APEJ and Middle East & Africa).

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Key Segments Covered

Device Type:

Solid-State Laser
Gas Laser
Liquid Laser
Semiconductor Laser

End-User:

Hospitals
Specialized Clinics
Ambulatory Surgical Centers
Other End-Users

Application:

Ophthalmology
Dermatology
Gynecology
Urology
Cardiovascular
Others

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Mobile Augmented Reality Market is Expected to Grow at a CAGR of 23.3% from 2022 to 2031 | Future Market Insights, Inc.

The Mobile Augmented Reality Market is expected to witness moderate growth, registering a 23.3% CAGR during the forecast period (2022-2031) and is projected to reach US$ 4.4 Billion in 2022 and US$ 29.3 Billion by 2031.

The credit for the unstoppable pace of the mobile augmented reality (AR) market significantly goes to the creative industry. Inclusive of video games, live events, retail, and video entertainment, this side of the business has definitely challenged mobile augmented technology, pushing it to deliver better solutions.

Designed to create immersive experiences, mobile augmented reality has won a special place for game makers. The launch of sophisticated, intricately designed multiplayer games has truly utilized the real potential of solutions presented by this market.

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The explosive growth of mobile augmented reality is completely attributable to unprecedented use of smartphones and tablets. From remote places to urban landscapes, mobile AR has made an enormous contribution in changing the way experience museums, office spaces, and games.

Since innovations such as Google Glass, the world of mobile AR has evolved to be a part of many other sectors, changing the game for military trainings, healthcare consultations, and learning experiences.

Key Takeaways of Mobile Augmented Reality Market Study

East Asia to lead the race in the global mobile augmented reality market at a CAGR of 27.2% between the forecast years of 2020 and 2030
Gaming segment anticipated to retain its leading position with a share of 28% by the end of 2030
Smartphones and tablets to revolutionize educational experiences with integration of mobile AR
Services segment to leap ahead at a CAGR of 24.6% during the forecast period as AR design and development, integration and development, and support services find applications across verticals

COVID-19 Proves Positive for Mobile Augmented Reality Market

The COVID-19 pandemic has deepened the chasm of economic crisis, making the global population rethink education and entertainment in many ways. With no live events to attend, cancelled sporting events, and uncertainty looming over reopening of colleges and schools, mobile augmented reality found its opening to a plethora of opportunities.

The importance of AR has also surged in healthcare consultations as medical professionals and patients are seeking safety first. Furthermore, a quantum leap in online gaming, schooling, and entertainment as artists are taking gigs online, have collectively resulted in a special demand for mobile AR.

Biggest chunk is definitely consumed by the online gaming industry, which has been the strongest pillar of the entertainment during the stringent lockdowns. According to FMI, the mobile augmented reality market will grow 6%-8% by Q3 2020 in the given circumstances.

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E-commerce to Enhance Demand for Mobile Augmented Reality

The growing e-commerce industry has been identified as key contributor to the increasing adoption of mobile augmented reality. Integration of mobile augmented reality by retailers to make it more accessible for customers to purchase the right item. Augmented reality helps users to view their products in 3-D, life-like projections in real-time through smartphones and tablets.

Mobile augmented reality allows retailers to improve consumer shopping with real-life experiences. With an augmented reality app, an e-commerce retailer can create a virtual table with a different range of products, projecting it on the customer’s living room.

The growing number of purchases via mobile devices and shoppers using smartphones in-store is increasing the demand for mobile augmented reality. Such enhancement of consumer engagement is projected to bode well of the market in the forecast period.

More Valuable Insights on Mobile Augmented Reality Market

Future Market Insights offers an unbiased analysis of the global mobile augmented reality market, providing historical data for 2015-2019 and forecast statistics from 2022 to 2031.

Mobile Augmented Reality Industry Survey

Mobile Augmented Reality Market by Solution:

Mobile AR Software
- Mobile AR Application Platforms
- Mobile AR SDKs
Services
- Integration & Deployment
- AR Design & Development
- Support Services

Mobile Augmented Reality Market by Application:

Military
Education
Healthcare
Gaming
Media & Entertainment
Travel & Tourism
Others

Mobile Augmented Reality Market by Region:

North America Mobile Augmented Reality Market
Latin America Mobile Augmented Reality Market
Europe Mobile Augmented Reality Market
East Asia Mobile Augmented Reality Market
Middle East & Africa Mobile Augmented Reality Market

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Chilled Beam Systems Market to grow steadily between 2021 and 2031, at a CAGR of 5.5%

In 2021, the Global Chilled Beam Systems Market will be worth US$ 308.5 Million. The market is expected to expand steadily, exhibiting a 5.5% CAGR, due to the rising adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across numerous nations.

The COVID-19 outbreak caused sales of chilled beam systems to slow down in 2020. The market experienced year-over-year growth of 3.9% between 2020 and 2021, and FMI anticipates that sales will reach 175 000 units during the forecast period.

In addition, development of smart cities, healthcare facilities, and renovation of residential and commercial spaces are expected to propel market growth in emerging economies such as India, China, Mexico, and Brazil.

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As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

“Growing demand for energy-efficient solutions in construction projects, coupled with advanced after-sales services offered by chilled beam system market players, will create attractive prospects for the expansion of the global chilled beam systems market,” says the FMI analyst.

KEY TAKEAWAYS:

Based on product type, concealed chilled beam systems are projected to dominate the segment.
In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
South Korea and Japan will collectively account for 9% of the total market share.

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Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

More Insights into the Chilled Beam Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global chilled beam systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (concealed, exposed, and recessed), design type (standard and customized), end-user type (educational institutions, healthcare facilities, hotels/restaurants, and other institutions including military, residential and industrial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us :

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

Connected Solutions for Oil & Gas Market Key Players, End User, Demand and Consumption by 2030

Connected solutions for oil & gas sector are expected to surge at a CAGR of 16.3% between 2020 and 2030. VR training emerges as a popular connected solution in the oil and gas market as it remains on the cusp of digital transformation. Connected pipeline solution solving challenges associated with damaging leaks leading to massive losses. IoT plays a critical role in minimizing downtime with machine learning and predictive analytics.

Fleet management remains undeniably important to asset tracking and improved deliveries. Connected solutions for oil & gas market also enable remote monitoring – an appropriate solution to operational challenges due to COVID-19.

Need for Operational Optimization in Wobbling Oil & Gas Sector Fuels the Adoption of Connected Solution

Connected solutions surfaced as a key enabler across industries, including oil & gas – providing error solutions for seamless operations. It has gained momentum as companies engaged in upstream, midstream, as well as downstream activities, are emphasizing on optimizing the operations, to remain relevant and profitable.

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Connected Pipelines Rescue Suppliers from Biggest Challenge Caused by Damaging Leaks

Solutions such as connected pipelines for end-to-end management to prevent incidents, ensure safety, resiliency, and security are expected to establish exceptional efficiency.

In a recent development, Scheider Electric and Cisco joined hands improve operational efficiency and Total Cost Ownership (TCO) to ensure quick solutions to complex network issues. The smart pipeline offers a real-time control through SCADA system.

IoT in Oil and Gas Sector Proves Mettle with Predictive Maintenance Solutions

Efforts to minimize downtime with machine learning and predictive analytics have brought spotlight on Internet of Things (IoT).

IoT has particularly worked towards reducing non-productive time (NPT) that can be caused by usually understood elements such as weather changes. Cost reduction and risk management are the primary objectives that have been achieved by IoT with asset tracking and predictive maintenance solutions.

Fleet Management Software Paces Ahead as Remote Monitoring Reduces Downtime

Future Market Insights states, the oil & gas fleet management application segment is expected to increase almost 4X during the forecast period (2020-2030), registering a CAGR of around 15% during the forecast period.

Despite the ongoing geopolitical and climate changes the oil and gas industry has been operating in an organized and coordinated manner. Transportation of inflammable materials with improved efficiency, reduced costs, and in compliance with government regulations across multiple borders can been possible with exceptional fleet management software.

Connected Solutions for Oil & Gas Reduces Cost for Upstream Activities with Real-time Monitoring

In this time of fluctuating crude prices, upstream oil & gas companies are focusing on reducing cost of exploration and production by adopting innovative technologies like big data and industrial IoT. Connected oil and gas solutions are helping upstream companies in exploration process by enabling them with the better idea of subsurface geology and faster processing of data and transforming them into surface models.

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Solution Enablers Strengthening Presence in Asian countries : Regional Outlook for Connected Solutions in Oil & Gas Sector

Economic growth and increasing oil and gas demand as a result of large scale industrialization in the countries of East Asia and South Asia is playing a pivot role in development of connected solutions for oil & gas sector. Established oil & gas companies are updating operation by integrating connected solution. A three fold increase in spending on connected solutions anticipated by leading oil & gas companies in the region during the forecast period.

In terms of value, the connected oil and gas market in East Asia and South Asia & Pacific collectively captured the 1/4th of the global value in 2019. The strong growth in oil and gas demand from countries such as China and India is playing a crucial role in driving the adoption of these smart solutions that enable exceptional efficiency.

Enabling Employee Safety with Connected Oil and Gas Solutions

Real-time communication at exploration sites generates raw data, which can be analyzed and monitored with these software and solutions for better output. For instance, drilling operations using sensors can deliver continuous diagnostics ensuring efficiency, safety, and reduced cost of operations.

Availability of accurate data for making quick decisions, reduced equipment failure, and persistent plant automation have led to increased safety of workers. Analyzing patterns and comparing it to historical data can predict events before they happen, creating a safer work environment for upstream players.

The Sector is Open for Innovators, but Tech-Goliaths Lead from the Front

Continuous investments and focus on developing collaborative partnerships to innovate and develop digital capabilities to leverage new business models has become a key strategy of solution providers. It has been instrumental in enhancing their customer reach and sales revenue.

Partnerships and collaborations with policy makers and governments are also helping connected solutions for oil & gas solution providers to tackle disruption in supply and demand and unlock values for ever-changing and diverse needs.

Key Players in the Connected Solutions for Oil & Gas Market are:

Cisco Systems, Inc.
Intel Corporation
Sierra Wireless
General Electric
Honeywell International
Telit
Schneider Electric
Siemens AG
Robert Bosch GmbH

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Connected Solutions for Oil & Gas Market: Segmentation

The global connected solutions for oil & gas market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Component

Hardware
Software
Services

Value Chain

Upstream
Midstream
Downstream

Application

Asset Tracking and Monitoring
Predictive and Preventive Maintenance
Supply Chain Management
Leak Detection
Fleet Management
Others

Region

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

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