Diamond Jewelry Market is Likely to Increase by US$ 552.74 Billion at 4.5% CAGR During the Forecast Period 2023 to 2033

The global diamond jewelry market is expected to be worth US$ 355.93 billion in 2023. The market is predicted to expand at a 4.5% CAGR to reach US$ 552.74 billion by 2033.

The diamond jewelry industry has experienced remarkable growth in recent years, primarily driven by the increasing demand for diamond jewelry across various regions globally. As a result of growing consumer spending, luxury diamond jewelry products have become more accessible to the public, thereby driving market growth.

In addition, technological advancements in diamond cutting and polishing techniques have led to the production of high-quality diamonds, boosting the market further. The industry also faces certain restraints, such as the increasing cost of raw materials, particularly diamonds, which may deter consumers from purchasing high-end diamond jewelry products.

Furthermore, ethical concerns regarding the sourcing of diamonds and their potential links to conflict zones have also created challenges for the industry. Additionally, economic uncertainties and fluctuations in the global diamond market have impacted the industry’s growth.

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Despite the challenges, the diamond jewelry industry presents significant opportunities for growth in the coming years. The industry can leverage the increasing adoption of e-commerce and online sales channels to reach a wide audience and expand its customer base.

Moreover, the rise of sustainable and ethical diamond mining practices could further enhance the industry’s growth potential by attracting environmentally conscious consumers. The latest trends in the diamond jewelry industry include a shift towards customization and personalization of jewelry, particularly engagement rings and wedding bands.

The industry is also witnessing a growing trend of lab-grown diamonds, which are eco-friendly and ethically sourced, providing an alternative to mined diamonds. Additionally, colored diamonds are gaining popularity among consumers, particularly pink and yellow diamonds, which are often used in bespoke and high-end jewelry products.

Key Takeaways from the Diamond Jewelry Market:

  • With an estimated market share of 40% in 2022, the United States is the world’s significant market for diamond jewelry.
  • Germany’s diamond jewelry industry is well-established, with a market share of around 6% in 2022.
  • With a market share of 16% in 2022, China is the rapidly-growing market for diamond jewelry.
  • Japan has a rich history of diamond jewelry, with a market share of about 8% in 2022.
  • The round brilliant cut diamond dominates the diamond jewelry industry, accounting for more than 75% of all diamond sales worldwide.
  • The VS2 clarity grade is the most popular in the diamond jewelry industry, recording roughly 30% of the market by 2033.
  • Near colorless diamonds dominate the color spectrum in the diamond jewelry industry, accounting for roughly 60% of the market.
  • The most popular carat weight in the diamond jewelry industry is 1.00 carat, holding nearly 30% share of all diamonds sold.

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Key Players in the Diamond Jewelry Industry:

  • Tiffany & Co.
  • Bulgari S.p.A.
  • Cartier
  • Signet Jewelers
  • De Beers plc
  • Pandora Jewelry, LLC
  • Chow Tai Fook Jewellery Group Limited
  • Swarovski AG
  • Petra Diamonds Limited
  • Trans Hex Group

How Players Are Revolutionizing the Industry Landscape?

The diamond jewelry industry is fiercely competitive, with several key players vying for dominance in the market. The landscape of the industry is constantly evolving, with new entrants and technological advancements creating new challenges and opportunities for established players.

One of the leading players in the market is De Beers Group, a mining and trading company that has been involved in the diamond industry for over a century. De Beers controls a significant portion of the global diamond supply and has a strong presence in both the mining and retail sectors.

Another prominent player in the industry is Tiffany & Co., a luxury jewelry retailer that is known for its high-quality diamonds and iconic blue box packaging. In 2020, the company was acquired by LVMH, a multinational luxury goods conglomerate.

Online retailers like Blue Nile and James Allen have also emerged as significant competitors in the diamond jewelry industry, leveraging technology to offer customers a wide selection of diamonds at competitive prices. In addition to these established players, several small boutique jewelers specialize in custom or unique pieces of diamond jewelry. These small players often cater to a niche market and differentiate themselves by offering personalized customer service and one-of-a-kind designs.

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Global Diamond Jewelry Market by Category

By Cut:

  • Round Brilliant Cut Diamond
  • Princess Cut Diamond
  • Emerald Cut Diamond
  • Radiant Cut Diamond
  • Cushion Cut Diamond
  • Oval Cut Diamond
  • Asscher Cut Diamond
  • Marquise Cut Diamond
  • Pear Cut Diamond
  • Heart Cut Diamond
  • Others

By Clarity:

  • FL and IF
  • I (1/2/3)
  • VVS 1
  • VVS 2
  • VS 1
  • VS 2
  • SI 1
  • SI 2

By Color:

  • Colorless (GRADE D/E/F)
  • Near Colorless (GRADE G/H/I/J)
  • Faint (K/L/M)
  • Very Light (GRADE N/O/P/Q/R)
  • Light (GRADE S/T/U/V/W/X/Y/Z)

By Carat:

  • 0.009 CT – 0.30 CT
  • 0.50 CT
  • 0.75 CT
  • CT
  • 1.25 CT
  • 1.50 CT
  • 1.75 CT
  • 2.00 CT
  • 2.50 CT
  • 3.00 CT
  • 3.50 CT
  • 4.00 CT
  • 5.00 CT and Above

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United States School Furniture Market Size is Set to Reach US$ 2 Billion in 2023

The global United States school furniture market size is set to reach US$ 2 billion in 2023. Overall sales of United States school furniture are likely to surge at 5.5% CAGR, taking the forecasted market valuation to US$ 3.42 billion by the end of 2033.

The United States school furniture market is witnessing several trends and drivers, with one of the most significant being the growing demand for flexible seating options in classrooms. This trend is fueled by the increasing awareness of posture problems among children, which has led to a need for more ergonomic furniture that can support movement and provide comfort.

Flexible seating options, including school chairs, yoga balls, couches, and springy stools, have gained traction as schools look for new ways to address the issue of student posture. These seating options allow students to choose a comfortable seating arrangement that suits their needs while providing ample room for movement. The flexibility of these seating options also helps with space optimization, as they can be reconfigured easily to accommodate different classroom activities.

Another major driver of the United States school furniture market is the government’s investment in programs promoting school building and enrollment. The Obama Administration, for example, invested US$ 1 billion in 2009 to provide preschool education to every child, leading states to follow suit by boosting their investments in early learning. The current Joe Biden-led government also plans to continue these programs by providing high-quality, universal pre-kindergarten education to all three- and four-year-olds in the country.

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The government’s investment in education has a significant impact on the classroom furniture market, as it leads to an increase in the number of schools being built and the number of students enrolled. This, in turn, drives the demand for classroom furniture, including school chairs, desks, and other essential classroom furniture.

Innovations in the classroom furniture market have also played a significant role in driving demand for advanced commercial furniture that is aesthetically appealing, multipurpose, and ergonomic. For instance, MiEN Company, which serves the education industry with innovative furniture products, introduced its DIY backless chair in November 2020. The product is designed for active learning environments that encourage students to strengthen their core in a ready-to-learn position. Its backless design allows the school chair to be easily stored away under tables when students prefer to stand, optimizing space in the classroom.

As the education sector continues to advance, traditional classroom furniture is being replaced by more innovative designs that prioritize comfort, versatility, and aesthetics. The new dynamic teaching styles such as blended learning and flipped classrooms require adjustable and portable furniture that can be reconfigured easily. Due to this, there is an increase in the ergonomic designs, improved aesthetics, and multipurpose nature of classroom furniture.

Key Takeaways

  • The classroom segment dominated the application type in 2022, accounting for about 76% of revenue.
  • The library and labs segment is projected to grow at a CAGR of 4.6% during the forecast period.
  • The growing emphasis on ergonomics, flexibility, and collaborative learning is driving demand for innovative classroom furniture.
  • The increasing student enrollment in schools across the country is contributing to the need for school chairs and tables in classrooms.
  • Rising raw material costs and supply chain disruptions are restraining market growth.
  • The market is highly competitive, and companies are adopting strategies like product innovation and strategic partnerships to gain a larger market share.
  • The increasing adoption of green initiatives and sustainable manufacturing practices is expected to create new opportunities in the market.

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Competitive Landscape

The competitive landscape in the United States school furniture market is highly fragmented, with numerous players vying for market share. Established players like Herman Miller, Steelcase, HON, and Knoll, who have a strong brand presence and extensive distribution networks, dominate the market. However, there are also many smaller regional players who focus on specific niches within the market.

To stay ahead of the competition, market players are also using mergers and acquisitions to expand their reach. For example, Steelcase, Inc. introduced Edvi, a colorful and functional personal storage solution supported by engineered jigs and fixtures that can also function as a mobile seating solution. Steelcase, Inc. also acquired HALCON, a Minnesota-based manufacturer of precision-tailored wood commercial furniture for the workplace, to complement its current portfolio of wood products and offer design and craftsmanship to professionals and customers.

Key Segments

Product Outlook:

  • Seating Furniture
  • Storage Units
  • Lab Furniture
  • Other School Furniture

Application Outlook:

  • Classroom
  • Library and Labs
  • Others

Region:

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

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United States Ornamental Fish Market is Registering a Valuation of US$ 1.55 Billion in 2023

The United States ornamental fish market is registering a valuation of US$ 1.55 billion in 2023. The market is expected to be worth US$ 3.67 billion by 2033. The market is securing a CAGR of 9.0% during the forecast period.

Why is the Popularity of Ornamental Fish Surging?

There are several reasons why the popularity of ornamental fish is surging:

  • Aesthetics: Many people are attracted to the beauty of ornamental fish, which comes in various vibrant colors and unique patterns. It can be a visually appealing addition to a home or office space.
  • Low Maintenance: Unlike other pets, ornamental fish requires relatively low maintenance. It does not need to be taken for walks, groomed, or fed as frequently as other pets.
  • Stress Relief: Studies have shown that watching fish swim can relax and reduce stress. Many people find watching fish in an aquarium to be a therapeutic experience.
  • Customization: With various aquarium sizes and designs available, consumers can create customized aquariums to suit their preferences and space.
  • Social Media Influence: Social media platforms made it easy for people to showcase their aquariums and share their love for ornamental fish with a wide audience. It has led to an increase in awareness and interest in ornamental fish.

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Key Takeaways:

  • The United States ornamental fish market is estimated to capture a CAGR of 9.0% with a valuation of US$ 3.67 billion by 2033.
  • In a historic period, the market secured a valuation of US$ 1.4 billion in 2018.

Key Marketers are Executing Plans to Enhance the Market Expansion

To increase the expansion of a market, market players can employ various strategies, such as:

  • Conducting Market Research: Marketers can conduct market research to gain insights into the market’s current state, identify consumer needs, and understand the competition. This information can help them to develop effective marketing strategies.
  • Developing a Targeted Marketing Plan: Market players can develop a targeted marketing plan with their target audience based on the insights gained from market research. This plan should include tactics such as social media marketing, email marketing, and influencer partnerships.
  • Building Brand Awareness: Building brand awareness is crucial for the growth of any market. Marketers can use various tactics, such as advertising, public relations, and content marketing, to increase brand awareness.
  • Offering Unique Value Propositions: Marketers can differentiate their products and services by offering unique value propositions. It provides exceptional customer service to offer exclusive product features.
  • Leveraging Technology: Technology has revolutionized the way key players approach their marketing efforts. Marketers can use technologies such as Artificial Intelligence, data analytics, and automation to optimize their marketing campaigns.

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Recent Developments in the United States Ornamental Fish Market:

  • AquaBounty Technologies is a biotechnology company that has developed genetically modified salmon. The company has recently received approval from the United States Food and Drug Administration to sell its salmon. The company’s innovative approach to aquaculture has implications for the ornamental fish market.
  • Piscine Energetics is a company that produces and sells fish food made from marine zooplankton. The company’s products are marketed as being highly nutritious and sustainable. Recently, the company has expanded its product line to include fish feed for various species.
  • Reef Nutrition is a company that produces and sells live phytoplankton and zooplankton for aquarium use. The company’s products are designed to support the growth and health of marine organisms, including fish and other invertebrates. The company has recently expanded its product line to include frozen and dried products.

United States Ornamental Fish Market by Category

By Application:

  • Commercial
  • Public Display
  • Residential

By Product Type:

  • Tropical Freshwater
  • Marine
  • Temperature

By Region:

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

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About Future Market Insights, Inc.

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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Portable Medical Devices Market revenue of US$ 163.84 billion by 2033, increasing from US$ 59.28 billion in 2023

The global portable medical devices market is predicted to register a CAGR of 10.7% over the forecast period, as per FMI’s analysis. The industry’s market valuation is anticipated to increase from US$ 59.28 billion in 2023 to US$ 163.84 billion by 2033 end.

The portable medical devices industry is poised to grow at a healthy pace over the forecast period due to their increasing demand to efficiently manage health in remote settings. Many new companies in the marketplace are providing inventive, new portable products. For instance, Walnut Medical, a Mohali-based firm in India, developed 5L & 10L portable medical-grade oxygen concentrators, which are based on pressure swing adsorption (PSA) technology, in 2021. This system offers an oxygen purity level of above 96 percent at a pressure of 55-75 kph. The system gained enormous growth during the pandemic.

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The market growth can further be attributed to the accelerating demand for wearable electronics and portable medical devices, the surging geriatric population, and technological advancements. The ongoing technological upgrades in portable medical devices are projected to enhance their uptake over the forecast period. In August 2022, SmartCardia introduced a 7L cardiac monitoring patch. This new device incorporates remote patient monitoring with wearable medical technology to provide customized and predicted patient insights.

The rising demand for portable medical devices that allow constant monitoring during a patient’s stay is projected to boost the market growth. Additionally, the launch of technologically advanced systems to cater to the evolving demand of end users is brightening the growth prospects of portable medical devices.

Key Highlights of the Portable Medical Devices Industry:

  • The United States is anticipated to be heading the market growth of portable medical devices. The market is driven by technical advances in embedded systems, sensors, and electronics, which are driving new developments in medical technologies.
  • The China portable medical devices market is witnessing robust growth. The market growth can be attributed to the surging demand for portable medical devices to monitor the physical activities of the populace for early detection or prevention of diseases.
  • The United Kingdom is predicted to witness healthy market development in the European region. The market is estimated to be propelled by the rising prevalence of cancer and the growing utilization of diagnostic systems. In addition to this, the growing incidence of diabetes and surging adoption of sophisticated therapeutics is projected to support market growth.

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Latest Market Developments in the Portable Medical Devices Market Landscape:

  • In October 2022, Biocorp, which is a French company that specializes in the development, design, and manufacturing of inventive medical devices, declared the signing of a strategic partnership with Novo Nordisk. This partnership aims to commercialize Mallya, a smart sensor, firstly in Japan. This smart sensor directly links to the insulin pens of Novo Nordisk FlexTouch and is applicable for blood glucose monitoring.
  • In October 2022, GenWorks, a Bengaluru-based start-up, which was formerly a Wipro GE-invested company, introduced a new portable device, BrasterPro, for breast cancer screening. This portable device is radiation-free, easy to use, and relies on a contact-based screening process.

Key Market Segmentation for Portable Medical Devices Market

By Product:

  • Diagnostic Imaging
    • CT
    • Ultrasound
    • X-ray
    • Endoscope
  • Therapeutics
    • Nebulizer
    • Insulin Pump
    • Image-guided Therapy Systems
    • Oxygen Concentrator
  • Monitoring Devices
    • Cardiac Monitoring
      • Resting ECG System
      • Stress ECG Monitors
      • Holter Monitors
      • Event Monitoring Systems
      • Electrocardiography (ECG) Management Systems
    • Neuromonitoring
      • Electroencephalography (EEG) Machines
      • Intracranial pressure (ICP) Monitors
      • Electromyography (EMG) Machines
      • Cerebral Oximeters
      • Magnetoencephalography (MEG) Machines
    • Respiratory Monitoring
      • Spirometers
      • Capnographs
      • Peak Flow Meters
    • Fetal Monitoring
    • Hemodynamic Monitoring Systems
    • Neonatal Monitoring
    • Vital Sign Monitors
  • Smart Wearable Medical Devices

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By Application:

  • Gynecology
  • Gastrointestinal
  • Urology
  • Neurology
  • Cardiology
  • Respiratory
  • Orthopedics
  • Others

About 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 9-years.

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Automated Breast Ultrasound Systems Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2031

Rising prevalence of breast cancer across the globe and increasing government initiatives undertaken to encourage breast cancer awareness have significantly fuelled the demand for automated breast ultrasound system, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global automated breast ultrasound system market is slated to grow at approximately 10% CAGR over the forthcoming decade.

Key manufacturers are actively focusing on developing faster, accurate and minimal invasive ultrasound breast imaging system. According to report published in National Library of Medicine, integration of mammography with automated breast ultrasound system increased the sensitivity of the system to 99.1%.

The combination drastically improves cancer detection rate among dense breasted women and reduces the interpretation time. Prominent manufacturer GE Healthcare launched a new automated breast ultrasound system named “Invenia” in U.S in October 2018. The main function of the system is to identify the presence of mammographically occult cancer especially in women with dense tissues.

With various other developments on cards, the automated breast ultrasound system market is expected to showcase impressive growth between 2021 and 2031.

“Visibly rising consumer inclination towards radiation free imaging and diagnostics systems is likely to intensify sales of automated breast ultrasound system among diagnostics laboratories,” says the FMI analyst.

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Key Takeaways from FMI’s Automated Breast Ultrasound Systems Market Study

  • Increasing government investment to promote breast cancer awareness among women will bolster demand across the U.S.
  • The U.K is expected to experience noteworthy growth as governments and private organizations aim at curbing high mortality rate due to breast cancer.
  • Presence of modern healthcare infrastructure will increase automated breast ultrasound system adoption across Germany
  • Saudi Arabia will offer lucrative opportunities owing to rapid urbanization and emergence of advance diagnostics centers.
  • India is expected to exhibit increasing demand owing to increase in per capita income and to growing incidence of breast cancer among women.
  • Hospitals are expected to lead the market driven by faster accessibility modern tool and availability of skilled professionals.

Competitive Landscape

GE Electric Co., Siemens A.G., Hitachi Ltd., SonoCiné Inc., Koninklijke are some prominent players operating in the automated breast ultrasound system market. They are focusing on improving the accuracy of automated breast ultrasound system for faster assessment of cancer screening in addition to getting government approval for their products.

For instance, Hitachi being the global leader in smart life & eco-friendly systems launched its latest automated breast ultrasound system “SOFIA” capable of scanning and acquiring image of the complete breast.

Koninklijke launched Philips EPIQ and Affiniti ultrasound systems as a part of its automated breast ultrasound system product range. Philips EPIQ is laced with an integrated eL18-4 transducer and employs anatomical intelligence for accurate imaging of the breast with high tissue density.

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More Insights on the Global Automated Breast Ultrasound Systems Market

In its latest report, FMI offers an unbiased analysis of the global automated breast ultrasound system 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 end user (hospitals, diagnostic imaging laboratories), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan,  and Middle East & Africa)

Key Segments Covered

By End User

  • Hospitals
  • Diagnostic Imaging Laboratories
  •  America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Western Europe
    • EU-5
    • BENELUX (Belgium, Netherlands, Luxembourg)
    • NORDIC (Denmark, Finland, Iceland, Norway, Sweden)
    • Rest of Europe

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  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Japan
  • APEJ (Asia Pacific excluding Japan)
    • China
    • India
    • ASEAN Countries
    • Australia & New Zealand
    • Rest of APEJ
  • MEA
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East & Africa

Explore FMI’s Extensive ongoing Coverage on Healthcare Domain:

Liquid Biopsy Market Forecast : Global liquid biopsy market demand is anticipated to be valued at US$ 1,146 Million in 2022, forecast a CAGR of 13.49% to be valued at US$ 4,126 Million from 2022 to 2032.

Digital Patient Monitoring Systems Market Value : The global Digital Patient Monitoring Systems market is estimated at US$ 96.4 Bn in 2022 and is projected to reach a valuation of US$ 470 Bn by 2032, expanding at a CAGR of 17.2% through the forecast period of 2022-2032.

Breast Cancer Drug Market Analysis : The global breast cancer drug market size is expected to be valued at US$ 10,637.42 Million in 2022.

About 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.

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Pelvic Cancer Induced Hemorrhegic Cystitis Treatment to Generate US$ 11 Billion in Revenue in 2033

The global pelvic cancer induced hemorrhegic cystitis market size is expected to surpass an impressive valuation of US$ 2.1 Billion in 2023 and is projected to reach US$ 11 Billion by 2033, with a CAGR of 18.01%, as per a recently published research by Future Market Insights.

Rising awareness among the population regarding early treatment and diagnosis for related disorders, coupled with the steady shift towards unhealthy diets and sedentary lifestyles, is driving the market demand. Advancements in drug development have enabled physicians to administer drugs directly to the infected tissues without harming surrounding healthy tissues, which has contributed to increasing patient compliance, which in turn is expected to boost industry growth.

The high research and development cost associated with the manufacturing of hemorrahagic cystitis treatment drugs, coupled with increased penetration of generic drugs, is likely to restrain market growth. However, technological advancements in drug development to manufacturing cost-effective and side-effect-free drugs are anticipated to create opportunities for industry movements.

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Moreover, the use of High approval rate of Ifosfamide and cyclophosphamide for use in a variety of malignancies, both in children and adults are driving the market for Haemorrhagic Cystitis. North America dominates the market for Pelvic Cancer induced Hemorrhagic Cystitis with market valuation of US$ 3.6 Billion, followed by APAC.

Key Takeaways

  • North American Pelvic cancer induced hemorrhegic cystitis market is expected to reach US$ 3.6 Billion with a CAGR of 14.87% during the forecast period.
  • With a CAGR of 15.1%, APAC is projected to be fastest growing market for this haemorrhagic cystitis.
  • By treatment type, chemotherapy is expected to dominate the market with a 2/3rd segment share.
  • Radiation therapy is anticipated to be a secondary treatment for hemorrhegic cystitis after Chemotherapy.
  • High cost of treatments and side-effects in post-treatment period will restrict market growth.
  • Adoption of combination therapies and novel therapies are expected to proliferate product demand.
  • Technological advancements in drug development for treatment of pelvic induced hemorrhagic cystitis is anticipated to strengthen market footprint.

“High investments in R&D, advancements in manufacturing drugs, adoption of cost-effective& side-effect-free drugs will open up new avenues for market expansion”- says an FMI Analyst

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Competitive Landscape

Key players in the Pelvic cancer induced hemorrhagic Cystitis Market are: Johnson & Johnson Services, Inc, Astellas Pharma Inc, Eli Lilly and Company, Sanofi, Ipsen Pharma, Bayer AG, AstraZeneca, Valeant Pharmaceuticals International, Inc., Merck & Co., Inc., Pfizer Inc.

  • In April 2022, Pfizer made an equity investment worth USD 25 million in Zentalis Pharmaceuticals, Inc. This investment is expected to help Pfizer to leverage its development capabilities globally
  • In May 2022, Pfizer entered a research collaboration agreement of two years with NetVation DL Medicine. This collaboration is anticipated to aid and advance Pfizer in its research activities
  • In June 2022, Roche introduced a human papillomavirus (HPV) self-sampling solution that enables patients to perform HPV screening in the presence of a healthcare worker. This is expected to expand the company’s cancer screening solution line-up
  • In June 2022, Valencia Technologies Corporation announced the implantable neuromodulation technology product eCoin®, which is reshaping the delivery of long-term therapy for bladder control, is a tibial implant for Urge Urinary Incontinence (UUI). eCoin® received premarket approval (PMA) from the U.S. Food and Drug Administration (FDA) in March 2022, making it the first and only FDA-approved implantable tibial neurostimulator indicated for the treatment of urge urinary incontinence (UUI). This new product has helped the company to increase its portfolio.

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Future Market Insights, in its new offering, presents an unbiased analysis of the Bullous Keratopathy market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of treatment (Bone marrow transplant, Chemotherapy- Cyclophosphamide, Ifosfamide, Radiation therapy, Other treatments) and by Region (North America, Latin America, Europe, Asia Pacific, MEA)

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Key Segments Profiled in the Pelvic Cancer Induced Hemorrhagic Cystitis Market Industry Survey

By Treatment:

  • Bone Marrow Transplant
  • Chemotherapy
    • Cyclophosphamide
    • Ifosfamide
  • Radiation Therapy
  • Other Treatments

By Region:

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

About 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.

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General Anesthesia Drugs Market to reach a valuation of US$ 6.7 Billion by the year 2032 | FMI

[Report of 182 Pages] The general anaesthesia drugs market is expected to be worth US$ 4.7 billion by the end of 2022, and to grow at a CAGR of 3.4% to be worth US$ 6.7 billion by the end of 2032. According to a recent Future Market Insights study, the Propofol drug class will lead the global market with a share of approximately 25.6% in 2021.

A new study of Future Market Insights (FMI) indicates that the global general anesthesia drugs market is poised for steady growth in the years ahead. Today, the general anesthesia drugs market remains driven by increased proportion of elderly patients and rising volume of surgical procedures; FMI analyst forecasts the market to witness 3.5% CAGR during the period, 2019-2029.

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According to the FMI analyst, worldwide sales of general anesthesia drugs will increase ~3% year-over-year to total ~US$ 4.3 billion in 2019, up from US$ 4.17 billion in 2018. The analyst identifies growth opportunities in the development of new drugs that can overcome shortcomings such as adverse effects, procedural complications and allergic reactions.

As the development of ultra-short acting hypnotic or sedative agent without adverse effects remains an unfulfilled dream, a search for newer drugs and clinical trials of formerly withdrawn drugs to remove the undesirable effects while maintaining their beneficial effects have been underway. Collaborating with research institutes to understand the challenges in designing and developing effective drugs will continue to be a key focus area of manufacturers as well.

Propofol IV Drugs Continue to Witness Significant Adoption

Relatively high adoption of propofol intravenous drugs in large number of surgeries performed globally continues to influence growth strategies, which accounted for ~25% revenue share in 2018.

“While many anesthesiologists prefer the use of propofol for its lipophilic nature and rapid onset of action on the body, water soluble formulations of propofol are being developed to address the disadvantages associated with lipid formulations such as hyperlipidemia, pain on injection, and bacterial growth,” said the FMI analyst.

The FMI analyst predicts the sales of inhalation anesthetics such as sevoflurane to be valued at ~US$ 830 million in 2019, while the sales of desflurane is likely to increase 2.5% in that year. On the one hand, midazolam and remifentanil continue to represent the lowest revenue shares in the market.

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Adoption in Ambulatory Surgical Centers to Ramp up in 2019

General anesthesia drugs worth US$ 1.8 billion were sold in hospitals in 2018, driven by rising number of hospitals along with the emergence of favorable reimbursement policies across the globe.

“A notable increase in ambulatory surgeries and rising utilization of general anesthesia drugs for outpatient procedures have been significantly contributing to the market growth,” said the FMI analyst.

In 2018, general anesthesia drugs sold in ambulatory surgical centers totaled a revenue worth ~US$ 1.4 billion, and is estimated to record 3% high in 2019.

North America, Europe, and East Asia Markets in the Vanguard

North America continues to acquire the leading position in general anesthesia drugs market, accounting for a 30% revenue share in 2018 total, followed by Europe and East Asia.

The FMI analyst anticipates a rising number of complexity of medical interventions requiring induction and maintenance of general anesthesia drugs in several nations in Europe, driven further by an ongoing aging of population. Sales in the region are likely to exhibit a CAGR of 3% during the forecast period.

East Asia (24% share) will continue to greater opportunities for the market players, in the view of rising approvals of drugs along with favorable government initiatives for the development of healthcare infrastructure.

“Although the demand for general anesthesia drugs directly correlates with the advancements in complex surgeries, manufacturers will need to direct their investments towards R&D for safer drugs, considering the uncertain study results relative to the impact of general anesthesia drugs on developing as well as aging brain,” said the FMI analyst.

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GENERAL ANESTHESIA DRUGS MARKET TAXONOMY The global general anesthesia drugs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Drug Class

  • Propofol
  • Sevoflurane
  • Dexmedetomidine
  • Desflurane
  • Remifentanil
  • Midazolam
  • Others
  • (Others – Sufentanil, Fentanyl, Ketamine, Isoflurane, Thiopental etc.)

By Route of Administration

  • Intravenous Anesthesia
  • Inhaled Anesthesia

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

About 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.

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The breathing circuits market in Germany is set to expand at a CAGR of 4.0% from 2022 to 2032

[Report of 279 Pages] By the end of 2022, the market for breathing circuits is anticipated to be worth US$ 1,163.32 Mn 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.

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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.

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

About 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
Website: https://www.futuremarketinsights.com
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Anti-biofilm Wound Dressing Market Forecast 2023 to 2033 | By Mode of Mechanism, Wound Type, End User & Region

The global Anti-biofilm Wound Dressing market demand is expected to increase at a CAGR of 9.5% between 2023 and 2033, from US$ 782.60 million in 2023 to over US$ 1939.45 million by 2033. The prevalence of chronic and acute wounds is expected to rise in the coming years, increasing need for Anti-biofilm Wound Dressings.

Tobacco and alcohol use, as well as antibiotic resistance and unhealthy sedentary lifestyles, all contribute to the rising burden of noncommunicable illness. This is because chronic diseases such as diabetes, cancer, and autoimmune diseases are becoming more common.

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Other factors impacting market growth include the growth of healthcare infrastructure in developing countries and technological advancements in wound management. The efforts made by healthcare practitioners and important players to promote wound care.

“Telehealth has played a key role in the strong recovery of the wound care market. Various healthcare providers have developed telehealth platforms to effectively manage patients with chronic and acute wounds.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

  • The market for Anti-biofilm Wound Dressing is expected to record a CAGR of 9.5% over the forecast period.
  • According to estimates, the Anti-biofilm Wound Dressing market in North America may remain strong throughout the length of the forecast period.
  • Acute wound segment dominated the market and is expected to record a CAGR of 9.3%.

Competitive Landscape

Several prominent companies dominate this market, including ConvaTec, Smith & Nephew PLC, Urgo Medical, Coloplast, and 3M.

Anti-biofilm Wound Dressing has developed significantly in the industry through partnerships, acquisitions, and research and development. These strategies have resulted in major developments.

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Recent Developments:

  • Convatec Inc. acquired Triad Life Sciences Inc. in March 2022 for US$ 450 million. This acquisition was made with the aim of strengthening its portfolio of biomedical products for surgical wounds and chronic wounds.
  • The FDA cleared an antimicrobial matrix product made by Imbed Biosciences, Microlyte Matrix, in April 2021. The product can be used to treat surgical, traumatic, and chronic wounds.
  • For the treatment of diabetic foot ulcers, pressure ulcers, leg ulcers, and dehisced surgical wounds, ConvaTec Group Plc (ConvaTec) launched a new medication called “ConvaMax” in January 2020. As well as adhesion-free options, the product is also available in non-adhesive forms, allowing for total flexibility when it comes to integrating compression bands and other main dressings.
  • In January 2018, Imbed Biosciences introduced the market with Microlyte Ag after raising over US$ 1.6 million to research silver-based Anti-biofilm Wound Dressings.
  • As a result of this acquisition, Smith & Nephew PLC expanded its product portfolio for advanced wound management, increasing its market share and customer base. In April 2019, the company acquired Osiris Therapeutics, Inc., a regenerative medicine company. As a result of this acquisition, the company will boost its growth by expanding its product portfolio for advanced wound management.

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Anti-biofilm Wound Dressing Market Segmentation by Category

By Mode of Mechanism:

  • Physical
  • Chemical
  • Biological

By Wound Type:

  • Chronic Wounds
  • Acute Wounds

By End User:

  • Hospitals and Clinics
  • Surgical Centers
  • Other End users

About Future Market Insights, Inc.

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Electric Sub-meter Market Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2030

The electric sub-meter market registered sluggish growth amid the COVID-19 pandemic in 2020. Contraction in growth is particularly attributable to restrictions in production, logistics, and sales enforced by governments worldwide.

In the current market scenario, prominent manufacturers are focusing on R&D activities for developing smart sub-meters in order to cater to several applications. Smart sub-meters help reduce electrical leakages and power cuts, and provide accurate consumption data to customers.

Global value of the electric sub-meter market was US$ 9.74 Billion in 2021, and is projected to follow a stable growth curve during the forecast period of 2022 to 2030.

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Key Takeaways for Electric Sub-meter Market Study

  • Increasing consumer inclination towards smart sub-meters, owing to surging use of Internet of Technology (IoT), is anticipated to bolster market growth.
  • Conventional sub-meter manufacturers are merging with global technology providers and key market players, considering increasing traction towards smart sub-meters.
  • Governments in several countries are launching initiatives for rural electrification and installation of digital sub-meters.
  • Given noteworthy growth of the market in China, the East Asia region is projected to have a significant share in the global electric sub-meter market from 2022 to 2030.
  • The COVID-19 pandemic has put a majority of manufacturing and the supply chain of electric sub-meters on hold. As the number of infected individuals is increasing, industrial trade activities are expected to plunge significantly on a global scale, affecting the production and demand for electric sub-meters. Post containment of COVID-19 and lifting of lockdowns in developed regions, the global population would continue to follow social distancing protocols. Sales of electric sub-meters and new projects related to deployment of smart sub-meters in South East Asian countries will then pick pace.

“Manufacturers in emerging markets such as India and ASEAN countries are entering into supply agreements through tenders and new orders. Replacement of conventional electric sub-meters with novel smart sub-meters is expected to remain the key growth driver of the electric sub-meter market. In addition, manufactures are investing heavily in R&D activities in order to provide tech-driven smart electric sub-meters at comparatively lower prices, without compromising on quality.”

Electric Sub-meter Market: Competitive Landscape

Players active in the electrical sub-meter market covered in this research study are ABB, OSAKI ELECTRIC CO., LTD., Schneider Electric, Honeywell International, Landis+Gyr, General Electric, Itron Inc., Siemens AG, Xylem Inc., and Mitsubishi Electric Corporation. These key participants are looking to expand their footprints by acquiring regional manufacturers in the electrical sub-meter market.

Moreover, the global electric sub-meter market is fairly fragmented, with the presence of global as well as regional manufacturers. Market competition is anticipated to intensify due to strategic mergers & acquisitions by global market players to reinforce their business presence across continents.

Governments in countries such as Indonesia and Vietnam are walking the extra mile to enable proper electrification across their nations, and, as such, intensifying the competitive ratio in the market. Regional players in the electric sub-meter market are working towards innovating their product portfolios and reducing operational costs to provide products at lower prices.

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Find More Valuable Insights on Electric Sub-meter Market

FMI, in its new market research study, offers an unbiased analysis of the electric sub-meter market, which comprises global industry analysis of 2014–2021 and opportunity assessment for 2022–2030. The report offers complete analysis on the global electric sub-meter market through four different categories –product, phase, application and region.

The global electric sub-meter market study provides information of pricing by different life cycle analysis, product life cycle, key market trends, and technologies that are being implemented in the production of electric sub-meters, and product adoption in varied end-use industries.

Key Segments of Electric Sub-meter Industry Research

By Product:

  • Socket Type/Electromechanical Sub-meters
    • Feed-through Sub-meters
    • Current Transformers
  • Non-socket /Electronic Sub-meters
  • Smart Sub-meters

By Phase:

  • Single Phase Electric Sub-meters
  • Three Phase Electric Sub-meters

By Application:

  • Commercial Establishments
    • Large Retail Stores
    • Data Centers
    • Others
  • Residential Sector
  • Industrial Sector

By Region:

  • North America Electric Sub-meter Market
  • Latin America Electric Sub-meter Market
  • Europe Electric Sub-meter Market
  • East Asia Electric Sub-meter Market
  • South Asia & Pacific Electric Sub-meter Market
  • Middle East & Africa (MEA) Electric Sub-meter Market

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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 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