By 2032 expects the Coronary Stents Market is projected to reach US$ 51.2 Million at a CAGR of 5.1 %

The global Coronary Stents Market is expected to reach a valuation of US$ 51.2 Million by 2032 while the market expands at a moderate CAGR of 5.1% during 2022 to 2032. In 2022, the target market will reach an estimated value of US$ 33.36 Million. Owing to the rising geriatric population as well as the increasing prevalence of cardiovascular diseases, and lifestyle diseases like diabetes, obesity and other medical conditions, the coronary stents market will experience notable growth during the forecast period.

The rising awareness of benefits associated with stenting procedures such as significant improvement of blood flow and protection from further damage to the heart muscle contribute to the target market growth. Stenting also helps in improving the symptoms of heart disease, including angina and shortness of breath which, in turn, reduces the need for coronary bypass surgery. Hence, stenting is often preferred by surgeons as well as patients since it is a minimally invasive procedure and the post-operative recovery period is relatively short.

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Furthermore, a rise in the global geriatric population is leading to a larger patient pool with serious cardiovascular diseases. Again, hypertension is arising as a grave public health concern. Obesity, too, adds to this burden as one of the primary risk factors accountable for different cardiovascular diseases worldwide.

Coronary stenting is prescribed to patients who are suffering from coronary artery blockage. Though angioplasty is the first line of treatment for patients with acute coronary artery blockages while the number of patients undergoing stenting has been increasing steadily over the last ten years. This is owing to the rise of outpatient coronary stenting procedures, which shortens long hospital stays. Additionally, a large number of cardiologists prescribing stenting procedures for patients with CAD is a prime factor that will likely fuel revenue growth of the coronary stent market during the forecast period.

“Increasing cases of lifestyle diseases like obesity and diabetes often result in heart issues which, in turn, supplements the global growth of the coronary stents market over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • Rising awareness of the benefits associated with stenting will strengthen market prospects.
  • Prevalence of alternative treatment methods, product failure, and recalls are certain factors that may hamper market growth.
  • Growing cases of coronary artery diseases propel the coronary stent market in the United States.
  • Favorable government support for the healthcare sector will present new market opportunities in China.

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Competitive Landscape

Abbott, Medtronic, Boston Scientific Corporation, Terumo Corporation, B Braun Melsungen AG, Biotronik, Stentys SA, MicroPort Scientific Corporation, C. R. Bard, Inc., and Cook Medica among others are some of the major players in the coronary stents market profiled in the full version of the report.

Key market players are focusing on product upgradation and offering new features to meet the rising consumer demand. These organizations are employing strategies like new product releases, partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.

More Insights into Coronary Stents Market Report

In its latest report, FMI offers an unbiased analysis of the global coronary stents 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 product type (drug eluting stent (DES), bare metal stent (BMS), bioresorbable vascular stent (BVS)), raw material (cobalt chromium, stainless steel, platinum-chromium, nickel-titanium, polymer), end user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories), and region.

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According to the latest FMI reports, based on region, China’s coronary stent market will likely exhibit an impressive growth rate during the observation period due to favorable government support for the healthcare sector. The coronary stent market in the United States is anticipated to demonstrate substantial growth over the forecast period. The rising prevalence of coronary artery disease is spurring the demand for interventional cardiology treatment in this country. Sedentary lifestyles, smoking, poor dietary habits, and pollution often contribute to increasing cases of cardiovascular diseases. All of these factors are expected to drive the demand for the target market during 2022-2032.

Key Segments Covered in the Coronary Stents Industry Analysis

By Product:

  • Drug Eluting Stent (DES)
  • Bare Metal Stent (BMS)
  • Bioresorbable Vascular Stent (BVS)

By Raw Material:

  • Cobalt Chromium
  • Stainless Steel
  • Platinum – Chromium
  • Nickel – Titanium
  • Polymer

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

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

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Positron Emission Tomography (PET) Scanners Market is expected to surpass US$ 2.1 Billion by 2033 grow at 5.3% CAGR

According to estimates, the Positron Emission Tomography (PET) Scanners Market will be worth US$ 1.3 billion in 2023 and US$ 2.1 billion by 2033. Throughout the forecast period, the market is anticipated to expand at a CAGR of 5.3%. The market for positron emission tomography (PET) scanners is driven by a number of variables, including:

The global Positron Emission Tomography (PET) Scanners Market is expected to grow at a stable CAGR of around 5.1% from 2021 to 2031. The global market reached a valuation of around US$ 1.2 Bn in 2021. According to the estimations by Future Market Insights, full-ring PET scanners held a substantial share of over 84.3% in 2020. The comparative analysis and market growth rate of the global positron emission tomography (PET) scanners market, included advancements in incorporated silicon photomultiplier (SiPM) technology within product specifications, and new innovations in the TSPO PET tracers.

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According to the historic analysis, the demand for PET scanners surged at a stagnant CAGR of 3.4% between 2016 and 2020 with sales representing around 4.4% of the overall US$ 24.5 Bn medical imaging market in 2020. Surging demand in the radiopharmaceuticals sector along with the integration of computed tomography with PET, and advancements in hybrid imaging systems are anticipated to boost the market. In contrast to this backdrop, the present positron emission tomography (PET) scanners market is anticipated to extend at a stable CAGR of 5.1% CAGR over the assessment period.

The comparative analysis and market growth rate of the global Positron Emission Tomography (PET) scanners market are studied by Future Market Insights. According to the FMI analysis, the global positron emission tomography (PET) scanners market expects to rise by 01 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas in comparison to H1-2022 Projected value, the market during the H1-2022 outlook period will show a dip of 40 BPS.

Key Takeaways

  • The process incorporates the visualization of biochemical changes in the body, including the strong metabolism of the heart muscle. These efficient scanners employ a type of nuclear medicine process in order to accurately measure the metabolic activity of the body tissues and cells. It is a combination of nuclear medicine and biochemical analysis. They are mostly used in patients with heart or brain conditions, and cancer.
  • The surging adoption of PET and X-ray transmission computed tomography (CT) scans is expected to propel growth in the market over the upcoming years. This innovative technology is predicted to reduce acquisition time, and provides precise attenuation correction and fusion imaging, resulting in high diagnostic sensitivity and specificity.
  • Furthermore, the combination of PET and CT helps in improving the staging of disease by defining prognostic and treatment monitoring capabilities of the functional and metabolic information given by conventional nuclear imaging techniques.

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  • Most PET scanning products are used to perform fluorodeoxyglucose (FDG) as it has the capability to capture tissue glucose metabolism and increase its parameters. Although, fluorodeoxyglucose consists of some shortcomings such as low specificity. Additionally, several potential radiotracers are under investigation to address the unmet clinical needs of diagnosis of diseases.
  • In order to tackle such diseases, various manufacturers are launching new products that come with higher sensitivity concerning metabolic activity to achieve detailed scans. Players are also investing in mergers and acquisitions to improve their product portfolios.
  • The market is expected to comprise mandatory equipment registered in several countries, regulatory requirements for development, and reimbursement changes. The market is highly influenced by the advances in minimally invasive surgical procedures and the establishment of new patented products.
  • Over the recent years, the market observed a surge in the BPS values owed to the potential benefits of digital PET scanners over conventional analog scanners attributed to their improved image quality, thus promoting greater adoption. In addition to that, the market experienced change within the BPS values owing to the reduction in the number of elective surgeries as well as the emergence of telehealth during the advent of the COVID-19 pandemic.

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Competitive Landscape

Key market players are concentrating on a novel and innovative approaches for the development of positron emissions tomography scanners driven by emerging cases of infectious diseases and the lack of advanced methods for efficient detection. An expansion of the production facility along with new product launches and approvals are projected to further strengthen the growth of the market.

More Insights into the Positron Emission Tomography (PET) Scanners Market

The U.S. is anticipated to dominate the North American market as it accounted for around 94.4% of the total market share in 2020. Due to the rising prevalence of cancer in the country, an underpinning need for advanced PET scanners, thereby creating sales prospects in the market.

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Competitive Landscape

Key players focus on novel and innovative approaches to develop positron emission tomography scanners. Production facility expansions, new product launches, and product approvals can strengthen their market presence

Some of the prominent players in the market are:

  • G.E. Healthcare
  • Toshiba Corporation
  • Koninklijke Philips N.V.
  • Siemens Healthineers
  • Hitachi Medical Corporation
  • Positron Corporation
  • Mediso Ltd.
  • Yangzhou Kindsway Biotech Co., Ltd

Positron Emission Tomography (PET) Scanners Market by Category

By Product Type:

  • Full-ring PET Scanner
  • Partial-ring PET Scanner

By Application:

  • Oncology
  • Cardiology
  • Neurology
  • Others

By Detector Type:

  • Bismuth Germanium Oxide
  • Lutetium Oxyorthosilicate
  • Gadolinium Oxyorthosilicate
  • Lutetium Fine Silicate
  • Lutetium Yttrium Orthosilicate

By End User:

  • Hospitals
  • Diagnostic Centers
  • PET Centers
  • Research Institute

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:

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Special Purpose Needles Market in China is expected to grow at 8.3% CAGR By 2022 to 2032

By the end of 2022, the Special Purpose Needles Market is anticipated to be worth US$ 12.6 billion, and it is projected to grow at a CAGR of 7.9% from 2022 to 2032. By the end of 2032, the market is anticipated to be valued at around $27.0 billion USD. The market’s largest region, North America, with a share of around 34.5% in 2021.

The global Special Purpose Needles Market is projected to be valued at US$ 17,261.5 million by the end of 2026, registering a CAGR of 7.4% during the forecast period (2016–2026). In a new report titled “Special Purpose Needles Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”, Future Market Insights delivers key insights on the factors and trends impacting the global special purpose needles market over a 10-year forecast period (2016–2026).

The market for special purpose needles is witnessing steady growth across the globe owing to an increasing geriatric population. According to analysts at Future Market Insights, “Increasing prevalence of diabetes and infectious diseases and increasing incidence of cancer and spine disorders across the globe are the primary factors driving the growth of the global special purpose needles market.”

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Availability of better reimbursement options for some types of special purpose needles in developed economies is likely to propel demand for special purpose needles over the forecast period. A key trend witnessed in the global special purpose needles market is the development of advanced techniques in the production of special purpose needles to facilitate enhanced patient safety and comfort. However, rise in awareness on needle free injections and risks associated with injections are major factors expected to hamper the overall growth of the special purpose needles market over the forecast period.

The global special purpose needles market can be segmented on the basis of product type (Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, IV Catheter Needles, Implantation Needles, Dental Needles, Ophthalmic Needles, Blood Collection Needles, Spinal Anaesthesia Needles, Epidural Needles, AV Fistula Needles, Cannula Needles); application (Sample Collection, Drug Delivery); and distribution channel (Hospital Pharmacies, Private Clinics,   Retail Pharmacies and Drug Stores, E-Commerce).

Segmentation highlights

  • The Pen Needles product type segment is expected to gain popularity over the forecast period, driven by increasing global adoption of small sized needles for insulin injections. The Pen Needles product type segment is estimated to reach a valuation of US$ 644.3 Mn by the end of 2016, registering a CAGR of 9.1% over the forecast period.
  • The Sample Collection application segment is estimated to register a CAGR of 7.7% while the Drug Delivery application segment is expected to register a CAGR of 7.1% during the forecast period.
  • Demand for special purpose needles over the forecast period is expected to be the highest in the Hospital Pharmacies distribution channel segment, which is expected to register a CAGR of 8.5% in terms of value.

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Regional forecast

The North America market has been estimated to dominate the special purpose needles market while the market in APEJ is expected to be the fastest growing in terms of revenue growth. The markets in North America, Western Europe, and APEJ are estimated to collectively hold 74.7% market share of the global special purpose needles market in 2016.

Vendor insights

Medtronic, B. Braun Melsungen AG, Becton, Dickinson and Company, Terumo Corporation, Smiths Medical, Boston Scientific Corporation, Novo Nordisk A/S, Argon Medical Devices, Inc., Stryker Corporation, NIPRO Medical Corporation, Cook Medical, and SERAG-WIESSNER GmbH & Co. are some of the major companies operating in the global special purpose needles market. These companies are adopting innovative strategies to bring in improvements to their product design and are initiating advanced R&D activities and market consolidation to strengthen market foothold and expand customer base.

Market segmentation By Product Type

  • Fine Aspirating Needles
  • Biopsy Needles
  • Hypodermic Needles
  • Pen Needles
  • Suture Needles
  • IV Catheter Needles
  • Implantation Needles
  • Dental Needles
  • Ophthalmic Needles
  • Blood Collection Needles
  • Spinal Anaesthesia Needles
  • Epidural Needles
  • AV Fistula Needles
  • Cannula Needles

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By Application

  • Sample Collection
  • Drug Delivery

By Distribution Channel

  • Hospital Pharmacies
  • Private Clinics
  • Retail Pharmacies and Drug Stores

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:

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Demand for Regenerative Medicine Market in Europe is expected to grow at a CAGR of 24.7% By 2022 to 2032

The global Regenerative Medicine Market is anticipated to register a phenomenal growth of 23.9% with an evaluation of around US$ 9.9 Billion by the end of the year 2022 and is further expected to enjoy an estimation of US$ 85.3 Billion by the year 2032.

According to the historical analysis done by Future Market Insights, tissue engineering by therapy type led the market growth with a share of about 43.1% in the year 2021 within the global regenerative medicine market. The targeted therapeutic market is expected to generate a revenue of around US$ 100.9 Bn by contributing about 8.3% to the global regenerative medicine market.

Regenerative medicine is widely accepted in the healthcare sector in order to counter the unmet medical needs in the field of cardiology, wound and injury musculoskeletal, oncology, dental, ophthalmology, hepatological diseases, and inflammatory & autoimmune diseases. The solutions regarding clinical and pre-clinical outcomes for allogeneic cell therapy are promising.

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Key Takeaways

  • An opportunistic outlook is presented by the regenerative medicine market in the future owing to the beneficial outcomes of regenerative medicine. Several biopharmaceutical companies have initiated the establishment of regenerative medicine-specific regulatory processes which consist of guidelines, a quicker approval pathway, and also quality control for conducting clinical trials. Therefore, a massive boom in the regenerative medicine market is witnessed over the projection years.
  • The industry is keeping into account some of the prominent factors such as reduced manufacturing cost, improvement in distribution systems, and expansion. Technological advances taking place in the field of life sciences date back several years ago. The gene editing technology applied in regenerative medicine manufacturing assists in yielding quality results and avoids challenges such as immune rejection.
  • In order to treat a wide spectrum of diseases, pluripotent stem cell (PSC)-derived therapies are beneficial and surging rapidly over the years. These factors are acting as driving factors for the regenerative medicine market over the assessment years.
  • The research and development sector is drastically making efforts to develop an innovative therapy type through modifications and implementing new discoveries in the field of cell therapy and applying gene editing tools that help in making the overall process of discovery easier. Since the methodology used is unique and determines steps for instance use of universal donor cells which establishes successful engraftment in autologous transplantation. The aforementioned factors are responsible for growth in the market.
  • The growing prevalence of chronic diseases paired with the surge in wounds and injuries among the ever-growing population is anticipated to surge the regenerative medicine market. The approval of these products is governed by various regulatory laws, including pharmaceutical affairs law, technical guidance for the quality of regenerative medicine products, regulation (EC) 1394/2007, and others because these therapy types have a substantial impact on health.
  • The regeneration medicine market has a direct link with the prevalence of diseases in the increasing population. Since these stem cell-based therapies have a vital impact on health thereby, the approval of these therapies including the use of regenerative medicine is governed by several standard organizations such as the Food and Drug Administration (FDA), and European Medicines Agency (EMA), among others.

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Competitive Landscape

Various key players in the regeneration medicine market are focusing on expanding their consumer base in order to meet consumer demands. Since the overall market is fragmented, prominent companies in the market are implementing methods such as a divestiture, partnerships and collaborations, and new therapy launches.

More Insights into the Regenerative Medicine Market

The U.S. is expected to dominate the global regenerative medicine market as it is accounting for a total of about 24.2% in 2021 and is anticipated to experience a similar growth throughout the forecast period.

The account of an aging population, the widespread adoption rate of regenerative medicines, and the importance of chronic diseases are contributing factors boosting the regenerative medicine market.

Australia held a market share of around 12.9% in the global regenerative medicine market in 2021. Having a robust regulatory framework, the presence of such facilities has encouraged several ventures to invest in and look for new opportunities in Australia.

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Key Companies Profiled

  • 3M
  • Allergan plc
  • Amgen, Inc.
  • Aspect Biosystems
  • bluebird bio
  • Kite Pharma
  • Integra LifeSciences Holdings Corporation
  • MEDIPOST Co., Ltd.
  • Anterogen Co., Ltd.

Key Market Segments Covered In Regenerative Medicine Industry Research

By Therapy type:

  • Cell Therapy
    • Autologous Cell Therapy
    • Allogenic Cell Therapy
  • Stem Cell Therapy
    • Allogeneic Stem Cell Therapy
    • Autologous Stem Cell Therapy
  • Tissue-engineering
  • Gene Therapy

By Application:

  • Wound Care
  • Musculoskeletal
  • Oncology
  • Dental
  • DMD (Duchenne Muscular Dystrophy)
  • Hepatological Diseases
  • Inflammatory & Autoimmune Diseases
  • Other Therapeutic Applications

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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:

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Industrial Agitators Market Size to Reach US$ 3.24 Billion by 2027 | Future Market Insights, Inc.

The Industrial Agitators Market is predicted to expand at an impressive CAGR of 8.6% to attain a net worth of US$ 2.15 Billion in 2022 and US$ 3.24 Billion by the end of 2027.

“Agitators are used across a host of end-user industries, such as pharmaceutical and biotech, food and beverages, oil and gas, coatings and paints, adhesives and sealants, and brewing and distillation, given its maximum operational reliability for any mixing task—ranging from homogenization and suspending to dispersing and gassing. In addition, the demand is projected to remain high among small and medium-sized businesses (SMBs)”, Senior Analyst, FMI

APAC Continues to Reflect Potential Installation Opportunities

Regionally, demand for industrial agitators is expected to remain concentrated in North America given the consolidated presence of manufacturers, the trend is likely to be followed closely in the emerging markets of APEJ. Expanding manufacturing sector combined with a visible shift towards efficient production capacities from conventional utilization capacities, will drive up industrial agitators sales in Asia Pacific, in the coming years.

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Substantial Demand Noted in Pharma Mixing Processes

Although in terms of value, the chemicals industry is projected to exhibit maximum demand for industrial agitators, pharmaceutical industry is also likely to witness significant industrial agitators demand for keeping the medicine-making clean and sanitary. The industrial agitators used in pharmaceutical industrial are specifically equipped with efficient mixing and dispersing technology while offering uniform distribution of substances and product stability.

Moreover, advanced mixing solution offered by industrial agitators during biotechnological production, active pharmaceutical ingredient synthesis production, and hydrogenation of intermediates will supplement to higher sales demand of industrial agitators.

The food and beverages industry is also expected to showcase notable demand for industrial agitators given the stringency in regulations centered around sanitary food-grade mixing applications for ensuring quality of food products. For the manufacturers, such diverse application landscape is likely to bring along product differentiation and customization opportunities, suited to specific industry.

Top-entry Industrial Agitators Gets the Top Spot

Accounting for approximately 70 percent market share, top-entry industrial agitators will dominate the overall adoption landscape, specifically in the chemicals industry. Advantages such as fast mixing, high energy efficiency, zero in-tank maintenance, and adjustable speed and power will make top-entry industrial agitators the most cost-effective mixers.

On the other hand, side entry industrial agitators will also gain prominence, arising from the shortcomings of top-entry industrial agitators such as need for a large support structure and a higher initial capital cost. Side entry industrial agitators tend to yield homogeneity with lesser capital during acceptable blend durations apart from effectively blending low viscosity liquids.

The global market for industrial agitators showcases a relatively fragmented landscape, specifically in terms of raw material supply scenario.The global industrial agitators market may remain affected arising from fragmented supply base with varying degree of supplier capabilities, intricate pricing and discounting structure, and low profit margins.

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Key Segments of Industrial Agitators Industry Survey

Industrial Agitators Market by Type:

  • Top Entry Industrial Agitators
  • Side Entry Industrial Agitators
  • Bottom Entry Industrial Agitators

Industrial Agitators Market by Model:

  • Large Tank Agitators
  • Drum Agitators
  • Portable Agitators
  • Tote Agitators

Industrial Agitators Market by End User:

  • Industrial Agitators for Chemicals
  • Industrial Agitators for Pharmaceuticals
  • Industrial Agitators for Food and Beverages
  • Industrial Agitators for Paper and Pulp
  • Industrial Agitators for Waste and Wastewater Treatment
  • Industrial Agitators for Oil, Gas and Petrochemicals

Industrial Agitators Market by Region:

  • North America Industrial Agitators Market
  • Latin America Industrial Agitators Market
  • Europe Industrial Agitators Market
  • East Asia Industrial Agitators Market
  • South Asia & Pacific Industrial Agitators Market
  • Middle East & Africa (MEA) Industrial Agitators Market

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About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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North America Electrical Testing Services Market is Expected to Reach a High Valuation of US$ 2.80 Million by 2031| FMI Study

According to the report, the North America electrical testing services market will grow at a 5.9% CAGR between 2021 and 2031. The economic impact of COVID-19 reduced demand for electrical testing services in 2020. With various end-use sectors already returning to normal operations, the market for electrical testing services in North America will expand.

The North America electrical testing services market is expected to grow 4.8% year on year (YoY) to US$ 1.8 Billion in 2021. According to a study conducted by Future Market Insights (FMI), demand for electrical testing services in North America will rise at a 5.9% CAGR between 2021 and 2031.

Because of the high pace of population expansion and urbanization in the United States and Canada, the power generation and transmission industries are expected to increase steadily. Rapid growth in the residential sector in urban as well as semi-urban areas in this region will contribute significantly to the market growth.

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North America Electrical Testing Services Market Outlook Compared to 2016-2020

Driven by the rapid industrialization and technological advancements in North America, the electrical testing services market will rise at 5.9% CAGR between 2021 and 2031 in the comparison above 0.9% CAGR registered during 2016-2020.

Transformer testing and other major service types are currently in high demand across diverse industries as transformer testing is essential for confirming the performance and specification of a transformer. Performing maintenance and testing periodically to maintain the working efficiency of an electrical device is of prime importance. This makes electric testing services highly sought-after in North America.

Increasing focus on personal safety is encouraging customers to invest in advanced electrical testing solutions. As electricity has the potential of fatally injuring a person, unchecked electrical equipment has a greater probability of causing hazard due to instances such as leakage, short-circuiting, faults in wiring, leakage of lubricants, and others. To counter the risk of such incidents, focus on electrical testing services will skyrocket.

Key Takeaways of North America Electrical Testing Services Market Study

  • The U.S. will lead the North America electrical testing services market, accounting for over half of sales through 2031.
  • The demand for electrical testing services in Canada will grow by 6.1% CAGR between 2021 and 2031.
  • During the projected period, transformer testing and circuit breaker testing segments are expected to lead in terms of market share and growth rate. Because of their simple operational versatility and high load capabilities, the category is predicted to account for nearly half of the market value share through the forecast period.
  • The increasing demand for rotating equipment vibration testing and motors/generators testing will continue driving growth in the market.

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Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

North America Electrical Testing Services Market by CategoryBy End Use:

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways
  • Other Industrial (Laboratory, etc)
  • Data Centers
  • Healthcare and Hospitality
  • Commercial Establishments

By Service Type:

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing
  • Rotating Equipment Vibration Testing
  • Motors/Generator Testing
  • Thermographic Testing

By Country:

  • The U.S.
  • Canada
  • Mexico

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About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
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Global Glass Reactors Market is Expected to Register at a 5.6% CAGR by 2031 | Get Customized Reports

The global glass reactor market is expected to develop at a CAGR of 5.6% from 2021 to 2031, with sales of 400 thousand units. Despite the challenges posed by the COVID-19 outbreak, the market grew by 4.6% year on year in 2021.

The growth of the chemical and industrial industries is driving up demand for glass reactors. Glass reactor sales will surge, especially among pharmaceutical industries looking to integrate futuristic medical treatments. This, in turn, will increase market investment opportunities.

Among various capacities, 30-60 liters glass reactors are gaining traction as cost effective solutions across industries. Similarly, the demand for single-jacketed glass reactors is increasing steadily. This can be attributed to increasing applications in the chemical and pharmaceutical industries. As per FMI, single jacketed glass reactors will account for over 70% of the market share in 20201.

In the forthcoming years, the market will witness increasing investment in research and development activities as manufacturers are keen to adopt decarbonization technologies. Some of the leading players are therefore joining the bandwagon and focusing on introducing innovations to expand their product portfolio.

Besides these, the demand for pilot plants is on a rise, which will offer a conducive environment for growth. FMI has estimated that pilot plants segment will account for over 40% of global sales.

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Regionally, North America will emerge as a highly lucrative market. Demand outlook for the U.S. remains positive due to the presence of a robust healthcare sector and high degree of medical care awareness. According to the study, the U.S. market for glass reactors is expected to total US$ 326.5 Million by the end of 2031.

Increasing investment in research and development activities coupled with expansion of chemical and petrochemical industries is driving the glass reactors market. Apart from this, leading market players are investing in strategic acquisitions and partnerships. This in turn will continue offering lucrative opportunities for growth of the market,” said a FMI analyst.

Key Takeaways from Glass Reactor Market Survey

  • The U.S. is the leading market for glass reactors in North America and is expected to surpass a valuation of US$ 326.5 Mn by the end of 2031.
  • Demand outlook for China remains optimistic. China market is forecast to expand at a CAGR of 6.4% over the forecast period.
  • Germany is estimated to account for over 20% of glass reactor sales within Europe.
  • India market is expected to grow at a steady pace, accounting for over 30% sales in the South Asia and Pacific region in 2021.
  • Based on design, single jacketed glass reactors are expected to account for over 70% of the market share in 2021.

Key Drivers

  • Application in chemical and pharmaceutical industries will remain chief growth driver.
  • Increasing investment in healthcare research in the U.K., U.S., and other developed countries will create opportunities for growth.

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Competitive Landscape

Glass reactors manufacturers are focusing on acquisitions, partnerships and business expansion strategies to gain a strong foothold in the market.

For instance, in 2019, GMM Pfaudler announced the acquisition of Industrial Mixing Solutions for 29 crores. This acquisition will help help Pfaudler to improve its industrial mixing business vertical by ushering new product, technologies among others.

In 2019Büchi AG. laid the premise for the expansion project in Kaliningrad, Russia. The new facility allowed the company to expand its footprint in Europe along with inflated sales into Eastern Europe.

Some of the leading players operating in the glass reactor market profiled by FMI are:

  • DE DIETRICH PROCESS SYSTEMS
  • Parr Instrument Company
  • Büchi AG
  • Corning Incorporated
  • Ace Glass Incoporated
  • GMM Pfaudler Ltd.
  • Syrris Ltd.
  • Radleys
  • Quark Glass
  • Senco.CC

More Valuable Insights on Glass Reactors Market

FMI in its new report offers an unbiased analysis of the global glass reactor market, analyzing forecast statistics through 2021 and beyond. Glass reactors market survey also reveals growth projections with detailed segmentation:

By Capacity:

  • Up to 5 Lts.
  • 5 to 15 Lts
  • 15 to 30 Lts.
  • 30 to 60 Lts.
  • 60 to 100 Lts.
  • 100 to 300 Lts.
  • Above 300 Lts.

By Design:

  • Single jacketed Glass Reactors
  • Double Jacketed Glass Reactors

By Application:

  • Pilot Plants
  • Mid-Large Scale Production Plants
  • Portable Multi-purpose Unit

By End Use:

  • Chemical Process Industries
  • Petrochemical Refineries
  • Pharmaceutical
  • Research Institutes

By Region:

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

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Key Questions Covered in the Glass Reactor Market Report 

  • The market survey also highlights projected sales growth for glass reactor market between 2021 and 2031
  • The report offers insight into glass reactor demand outlook for forecast period 2021-2031.
  • Glass reactor market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Glass reactor market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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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 favour 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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Reverse Osmosis Pump Market is projected to surpass a valuation of US$ 14.3 Billion by 2031, Get Insights FMI

According to FMI, the reverse osmosis pump market is expected to exceed US$ 6.1 billion by 2021, owing to rising applications in the oil and gas and water treatment industries. Demand for reverse osmosis pumps is expected to grow at an 8.9% CAGR between 2021 and 2031.

Between 2020 and 2021, the market increased by an astounding 8.7% year on year. It is expected to be worth more than US$ 14.3 billion by 2031. According to projections from the reverse osmosis pump industry, centrifugal pump sales will remain strong, accounting for more than 71% of total income through 2031.

Historically, the reverse osmosis pump market grew at a 3.2% CAGR between 2016 and 2020. The market for reverse osmosis filtration pumps in industrial units and water treatment plants for separating impurities such as arsenic, bacteria, fluorides, and pesticides is expected to increase rapidly.

The coronavirus epidemic has had a favourable impact on property sales. Reverse osmosis systems solve water quality concerns by removing pathogens in the water such as cysts, viruses, protozoans, and others.

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Key Takeaways from Reverse Osmosis Pump Market Analysis

  • In North America, the U.S. is estimated to remain the dominant market, exhibiting growth at a CAGR of 7% over the forecast period.
  • The market in India is expected to expand at a CAGR of more than 15% through 2031, accounting for over 40% of the sales in South Asia and Pacific region.
  • Owing to increasing investment in seawater reverse osmosis (SWRO) desalination, the GCC countries are likely to account for a market share of above 49% in MEA.
  • China, being the largest exporter of machinery required for filtration of water, the market in the country is anticipated to surge at a CAGR of 7.6% through 2031.
  • Based on the technology type, centrifugal pumps are dominating the segment, accounting for more than 69% of the value share by 2021.

Reverse Osmosis Pump Market Key Drivers

Shortage of clean water supplies is a key factor fueling the demand for reverse osmosis pumps.

Increasing use of reverse osmosis pump in oil & gas industry application is driving the market.

Rising investment in wastewater treatment plants is expected to spur the sales of reverse osmosis pumps.

Reverse Osmosis Pump Market Competitive Landscape

Companies operating in the reverse osmosis pump market are aiming at optimizing product by creating strategic partnerships with other market players to expand their market revenue share. For instance,

  • In October 2019, Flowserve, an America suppliers of industrial and environmental machinery signed an agreement to provide the main pumps for two large sea water reverse osmosis (SWRO) desalination plants, Rabigh-3 and Taweelah in Saudi Arabia and UAE respectively.
  • In June 2021, Advanced Watertek, a Dubai based water treatment supplier, announced entering into an agreement to upgrade the existing sea water RO systems to deliver an agreed capacity of 100,000 US Gallons per day in the UAE.

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Reverse Osmosis Pump Market by Category

By Technology Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
  • Diaphragm Pumps

By Pump Type:

  • Booster Pump
  • Delivery/Demand Pumps

By Flow Rate:

  • 0.1 to 0.5 GPM
  • 0.5 to 1 GPM
  • 1.1 to 5 GPM
  • 5 to 20 GPM
  • 20 to 100 GPM
  • 100 to 500 GPM
  • 500 to 1000 GPM

By Application Type:

  • Domestic & Commercial
    • Filtration Units
    • CounterTop Filter Cum Demineralizer
  • Industrial RO Filtration Unit
    • Manufacturing
    • Oil and Gas
    • Power Generation
  • Seawater Desalination Unit

By Sales Channel:

  • Online
  • Offline

By Region:

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

About Us

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

Contact:

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Industrial Transceivers Market Innovations, Technology Growth and Research 2027

Future Market Insights (FMI) published a market report titled ‘Industrial Transceiver Market – Global Industry Analysis 2013-2018 and Opportunity Assessment 2018-2027’ Industrial transceivers are most commonly used in the telecommunication, data management & data processing, and industrial automation sectors.

The transmitting component as well as the receiving component are integrated into a single housing and are made to share the same circuitry. The resultant component is known as a transceiver. Ethernet, telephony and radio transceivers are some of the common industrial transceiver designs available in the market.

Most of the established industrial transceiver solution providers in the market are offering specialised industrial transceivers for different applications, such as smart grid, lighting, renewable energy, electric vehicles and motor control & drives, among other applications.

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The global industrial transceiver market  is projected to register at a CAGR of 6.7% during the forecast period. The global industrial transceiver market is estimated to be valued at US$ 2,234.0 Million by the end of the forecast year 2020, and is expected to continue growing steadily to reach a market value of US$ 3,518.0 Million by the end of the forecast period. This growth in the global industrial transceiver market can be attributed to an increase in the number of smart city projects and an ever-rising demand for low-power industrial automation.

In the industrial transceiver market report, FMI has segmented the global industrial transceiver market by application, by technology and by region. By application, the industrial transceiver market is segmented into smart grid, renewable energy, power management, electric vehicles, motor control & drives, lighting, telecommunication & data processing and automation.

The low assessment and power consumption expenses related to the industrial transceiver technology are motivating industries to procure industrial transceivers. Owing to these factors, the power management applications of industrial transceivers are expected to record the highest growth rate of 8.1% during the forecast period of 2019 to 2027.

On the basis of technology, the industrial transceiver market is segmented into wavelength division multiplexing technology, multi-mode industrial transceivers and single-mode industrial transceivers. Multiple mode-transmissions are supported by the multi-mode industrial transceiver technology and feature a larger core as compared to single-mode and wavelength division multiplexing technologies. This factor is encouraging industries to accelerate the procurement of multi-mode industrial transceiver technology.

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With respect to the geographical markets, the presence of a large number of providers of industrial transceiver solutions in the North America region is estimated to enable the North America industrial transceiver market to register a prominent market share by the end of the forecast period. The market in Europe is expected to hold the second largest share of the global industrial transceiver market by the end of the forecast year 2027.

The industrial transceiver market in the Latin America region is expected to record the highest CAGR of 9.3% during the forecast period. The widespread deployment of industrial automation-enabling equipment in the telecommunication and data management sectors is expected to drive the Latin America industrial transceiver market in the coming years.

According to FMI analysis, long-term business contracts and partnerships are estimated to enable the manufacturers and suppliers of industrial transceivers to increase their sales and revenue generation. These business partnerships are also estimated to facilitate the development of new products and technology innovation strategies.

The addition of electronic components, which are developed with a focus on customisation requirements, to the product portfolios of companies in the industrial transceiver market will enable them to generate demand for their products and boost their customer base.

Texas Instruments Incorporated and Infineon Technologies AG are expected to hold a prominent market share of the global industrial transceiver market during the forecast period. Some market leaders and participants profiled in the global industrial transceiver market report are Fujitsu Optical Components Limited; ZTE Corporation; Huawei Technologies Co., Ltd.; Cisco Systems; Finisar Corporation; AMS Technologies; Analog Devices, Inc.; MaxLinear; Nordic Semiconductor; Renesas Electronics Corporation; Maxim Integrated; Microsemi; STMicroelectronics; Texas Instruments Incorporated and Infineon Technologies AG

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About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

Contact Us:

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Antibodies Market is projected to reach US$ 32.5 Billion by 2033 at a CAGR of 14.5%

The Antibodies Market is anticipated to develop at a CAGR of 13.4% from 2023 to 2033, and it is anticipated to reach US$ 236.9 billion in 2023. By 2033, it is expected that the antibody industry would be worth US$ 834.2 billion. The total market value of the antibodies sector, at US$ 597.3 Billion, is represented by the absolute dollar growth of the global market.

A renowned provider of market research and competitive data, Future Market Insights, predicts that by the end of 2031, the antibodies market will have grown by a factor of 21 and will be worth more than US$ 601.614 billion.

  1. Hoffmann-La Roche Ltd., AbbVie Inc., Johnson & Johnson Services, Inc., Amgen Inc., and Bristol-Myers Squibb Company are among the market’s top competitors, according to FMI surveys. Three out of every four sales of antibodies worldwide are accounted for by these big players.

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About 4% of the world’s population is afflicted by an autoimmune disease, according to reports from the National Stem Foundation (NSCF). Diabetes, MS, Crohn’s disease, and rheumatoid arthritis are the most prevalent autoimmune illnesses. The market for antibodies is predicted to be extremely in demand as a result of these chronic disorders.

Key Insights

Antibodies are essential for treating medical conditions including autoimmune diseases, cancer, and several types of neurological diseases. Immunoglobulin (IG) is a type of antibody that is used for the prevention of lower respiratory tract infections and diseases caused by the vaccinia virus. Rising cases of viral infection will drive the demand for antibodies.

The prevalence of autoimmune diseases is on the rise, and they also have the potential to act as a host for multiple chronic ailments. Owing to these factors, the demand for antibodies is forecast to increase in upcoming years.

The COVID-19 pandemic boosted the demand for antibodies as patients suffering from COVID-19 were highly susceptible to contracting various other ailments and, in some cases, triggered autoimmune diseases in the patient.

Novel biosimilar antibody manufacturers are slashing their prices to compete with branded antibody manufacturers, especially in the European market. With the expiration of patents of renowned products, a boost in demand for biosimilar antibodies can be expected in upcoming years.

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A reasonable hike in research and development activities among healthcare and pharmaceutical market leaders are working towards developing effective and economical antibodies and biosimilar antibodies, propelling growth in the market.

Parkinson’s and Sclerosis diseases are on the rise among older people which is a key factor fueling the demand for antibodies. There is an urgency to develop cheap and personalized medicines, novel and effective treatments, and advanced therapeutics in middle-income countries which is expected to positively influence the sales of antibodies.

The widespread application of antibodies in chronic disease treatment is accelerating which is predicted to create scope for market expansion in the near future.

Competitive Landscape

Novartis AG, F. Hoffmann-La Roche AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Amgen Inc., Biogen Inc., Bristol-Myers Squibb Company, AbbVie Inc., Sanofi SA, Eli Lilly, and Co. are some of the key companies profiled in the full version of the report.

Future Market Insights (FMI) has found that market players are working towards developing new antibodies to treat cancer and other diseases. They are also researching to create long-acting antibody drugs to reduce healthcare costs.

In order to gain a competitive edge in the antibodies market, key players are developing oral and noninvasive treatments using antibodies to treat chronic ailments. Strategic mergers and acquisitions for portfolio expansion are in the cards as well.

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More Insights into Antibodies Market

The United States is considered the dominant market in the North American region owing to modern healthcare infrastructural facilities and the presence of leading market players in the country. An increase in government funding and elevated purchasing power is expected to drive growth in the market.

The GCC countries led by Saudi Arabia are increasingly focusing on research and development on early diagnosis and screening of cancer to elevate the survival rate and chance of successful treatment. The contribution of antibodies is significant in this research. Hence, propelling growth in the market.

The development and production of antibodies are on a rise in China and are expected to surge significantly owing to increasing government investment in drugs and development coupled with growing awareness about various medical ailments like rheumatoid arthritis, cancer, and infections.

The Indian antibodies market is anticipated to grow at a rapid pace owing to rising cases of cancer and cardiovascular diseases along with the development of the healthcare system in the country. According to the reports of the Global Cancer Observatory, 1.322 million new cancer cases were registered in India in 2020, while 2.72 million people had cancer for 5 years. A surge in cancer patients will drive the demand for monoclonal antibodies for cancer treatment.

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Key Segments Covered in Antibodies Market Study

By Disease Indication

  • Cardiovascular diseases
  • CNS disorders
  • Cancer
  • Autoimmune Disorders

By Product Type

  • Monoclonal antibodies
  • Polyclonal antibodies
  • Antibody-drug complexes (ADCs)

By End User

  • Hospitals
  • Long-term Care Facilities
  • Research institutes

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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