Europe Platelet Rich Plasma (PRP) Market size is projected to cross US$ 84.10 Million by 2032 secure a CAGR of 7%

The Europe Platelet Rich Plasma (PRP) Market is anticipated to reach US$ 42.75 million in 2022, and it is anticipated to reach US$ 84.10 million by 2032, with a CAGR of 7% through that time.

The Europe Platelet Rich Plasma (PRP) Market is expected to reach US$ 37.5 Mn in 2016, up from US$ 35.3 Mn in 2015. Adoption of platelet rich plasma in treating musculoskeletal injuries, including tennis elbow, Achilles tendinopathy, and plantar fasciitis, will continue to drive revenues. PRP therapy is also gaining traction in treating sports-related and geriatric injuries, owing to its minimally invasive procedure and quicker recovery time.

By product type, PRP kits will continue to outsell instruments, accounting for over 75% revenue share of the market in 2016. Among the various platelet rich plasma kits, autologous kits will account for the highest demand on the basis of blood type, representing a market value worth US$ 24.2 Mn. P-PRF kits—valued at US$ 10 Mn in 2015—will witness the highest growth by end-product type, increasing at 8.6% in 2016.

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By application, adoption of PRP therapy will continue to remain highest in the treatment of knee and elbow injuries. While knee application segment revenues will grow by 7.2%, elbow application segment revenues are projected to grow by 6.3%. Use of PRP therapy in the treatment of ever-increasing incidences of osteoarthritis and tennis elbow will gain further traction in 2016 and beyond.

PRP revenues in the UK—the largest market in Europe—will grow by 7.3% in 2016, an increase of 0.20% from the 7.1% growth in 2015. High prevalence of sports-related incidents in the U.K., combined with high awareness about the benefits of PRP therapy among healthcare community and patients, will continue to fuel the growth of the market in the country.

France will maintain its position as the second largest market for PRP in Europe, growing by 6.5% in terms of revenues in 2016. France is home to subsidiaries and distributors of several PRP players, such as Biomet, Inc., DePuy Synthes, Inc., and Stryker Corporation and a range of highly innovative products are available in the market.

Johnson & Johnson Inc. and Stryker Corporation are the established players in the Europe PRP market. Johnson & Johnson’s PEAK Platelet Rich Plasma System and Stryker Corporation’s RegenKit THT Autologous Platelet-rich Plasma (A-PRP) will continue to witness sizeable sales in 2016. Arthrex – Arthrex Angel System from Arthrex Inc. and GPS® III Platelet Separation System by Zimmer Biomet Holdings Inc. will also account for substantial revenue share of the Europe PRP market.

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Long-term Outlook: The PRP market in Europe is expected to increase at a CAGR of 6.6% during the forecast period 2016-2024. The UK will continue to be at the forefront of overall demand, with France and Germany accounting for sizeable market share. While FMI maintains a positive outlook on the Europe PRP market, challenges, including lack of standardisation in preparation and dosage of autologous blood concentrate, and uncertainty about therapy efficacy can impede growth during the forecast period.

Drivers and Trends

The Europe PRP market was valued at US$ 35.3 Mn in 2015, and is projected to grow at a CAGR of 6.6% over the forecast period 2016-2024 owing to rising demand for PRP therapy in sport injuries.

Platelet-rich Plasma (PRP) therapy is a minimally invasive procedure and an alternative option to surgery. PRP therapy is a quick and highly effective treatment for reducing the pain and enhances tissue regeneration power with less recovery time along with higher success rates. PRP treatment is very cost effective compared to surgical procedures for orthopedic and sports injuries.

Some major factors driving the growth of PRP market are expanding PRP application in the sports medicine industry, technological advancements in PRP therapy, progressive demographic ageing of the older population etc. These factors are expected to fuel the growth of the market growth rate over the forecast period.

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Key Segments Covered

Product Type

  • Instruments
  • Kits
    • Kits BY Type
      • Pure Platelet-Rich Plasma (P-PRP)
      • Leukocyte-Rich Platelet-Rich Plasma (L-PRP)
      • Leukocyte-Platelet-Rich Fibrin (L-PRF)
      • Pure Platelet-Rich Fibrin (P-PRF)
  • Kits BY Origin
    • Autologous Platelet-Rich Plasma
    • Homologus Platelet-Rich Plasma
    • Allogeneic Platelet-Rich Plasma

By Application

  • Knee
  • Elbow
  • Foot and Ankle
  • Shoulder
  • CMF
  • Others

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Key Countries Covered

  • Europe
  • The U.K.
  • France
  • Germany
  • Spain
  • Italy
  • Rest of Europe

About Future Market Insights (FMI)

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

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Europe ViscoSupplementation Market is expected to surpass US$ 11 Billion by 2032 grow at 9.37% CAGR

In 2022, it is expected that the Europe ViscoSupplementation Market would be worth more than US$ 4.5 billion. By 2032, the market for visco supplementation in Europe is anticipated to reach US$ 11 billion, growing at a CAGR of 9.37%.

Growing prevalence of osteoarthritis, strong healthcare infrastructure and well established reimbursements are soaring the demand for viscosupplementation market. The Europe viscosupplementation market has been segmented by product type, end user and region.

Rising prevalence of knee osteoarthritis is fuelling demand for effective treatment therapies. Hyaluronic acid-based intra-articular injections have proved to be one of the most preferred choices of treatment for symptomatic knee osteoarthritis. Hyaluronic acid-based intra-articular injections restore normal viscoelastic properties of altered synovial fluid in the knee joint, delivering effective therapeutic effect. The ultimate goal of viscosupplementation is to increase the concentration of hyaluronate in the joints so to restore the altered synovial fluid present in the joints.

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Future Market Insights (FMI) delivers key insights on the Europe viscosupplementation market in its upcoming report titled, “Viscosupplementation Market: Europe Industry Analysis and Opportunity Assessment, 2016-2026”. In terms of revenue, the Europe viscosupplementation market is projected to register a healthy CAGR of 5.1% during 2016-2026.

FMI’s report has segmented the market on the basis of product type, end user and region.

Based on product type, the market has been segmented into one injection viscosupplementation, three injection viscosupplementation and five injection viscosupplementation.

Single injection viscosupplementation product type segment is expected to emerge as the most popular segment over the forecast period, driven by better patient compliance as the treatment reduces the need for multiple hospital visits. The segment is expected to register the highest CAGR of 6.7% during the forecast period.

Five injection viscosupplementation product type segment is expected to witness a decline in market share in terms of revenue from 29.0% in 2015 to 23.3% in 2026. This decline is attributed to more incidence of side effects and repeated patient visit requirements associated with five injection viscosupplementation. Reimbursement cutbacks and high injection costs are other factors that can curtail demand for five injection viscosupplementation.

By end-users, the market is segmented into hospitals, ambulatory surgical centres and orthopaedic clinics. Hospitals end-use segment is expected to witness significant demand for viscosupplementation, registering a CAGR of 4.3% over the forecast period. Better reimbursement options and increasing patient preference for single injection cycle for osteoarthritis treatment is expected to drive demand for one injection viscosupplementation in the orthopaedic clinics segment over the forecast period.

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Europe Viscosupplementation Market Trends

Key trends in the viscosupplementation market are the use of single injection cycle for osteoarthritis treatment and introduction of new combination products in the market. For example, the product pipeline of major players in the viscosupplementation market involves combining corticosteroid injections, which help in relieving pain associated with osteoarthritis, with long-lasting effects of hyaluronic acid, which lasts for nearly six months. Further, regional competition within EU countries, especially in five injection cycle, is leading to entry of new market players. Europe is a mature market in terms of generic products and it is therefore relatively easier to obtain CE mark in Europe than it is to obtain the U.S. FDA approval.

Western Europe has been estimated to dominate the Europe viscosupplementation market in 2015, attributed to factors such as the presence of key regional players, strong distribution network and better healthcare infrastructure in the region.

Key Players in Europe Viscosupplementation Market

  • Anika Therapeutics Inc.
  • Sanofi S.A.
  • Zimmer Biomet Holdings
  • Meda AB
  • Ferring B.V
  • Fidia Pharmaceutici S.p.A
  • Bioventus LLC.

We have discussed individual strategies followed by these companies in terms of enhancing product designs, creating new manufacturing facilities, market consolidation and advanced R&D initiatives. The report concludes with key takeaways that could help players already present in the market and new players planning to enter the market in the long run.

Market Dynamics

Growth of the Europe viscosupplementation market is mainly driven by rising obesity rates and growing patient awareness about effective treatment therapies for knee osteoarthritis, coupled with macroeconomic factors such as high unmet patient needs and strengthening of distribution network by key players in the viscosupplementation market.  Other prominent growth drivers include rapidly growing medical technology industry and cost-effectiveness of the treatment. However, economic issues in some Eastern European countries and reimbursement cutbacks are expected to hamper overall growth of the viscosupplementation market in Europe over the forecast period.

Viscosupplementation devices are classified under Class III category in Europe and are considered high-risk devices. They require premarket approval from notified bodies, including private organisations recognised by the European Free Trade Association (EFTA).

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Key Segments

  • Product Type
    • Single Injection Viscosupplementation
    • Three Injection Viscosupplementation
    • Five Injection Viscosupplementation
  • End User
    • Hospitals
    • Ambulatory Surgical Centres
    • Orthopaedic Clinics

 Key Regions/Countries

  • Western Europe
    • K.
    • France
    • Germany
    • Spain
    • Italy
    • Nordics
    • Rest of Western Europe

Eastern Europe

  • Russia
  • Rest of Eastern Europe

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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 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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USA Light Therapy Market is expected to reach US$ 552 Million by 2033 registering a CAGR of 5.6%

By 2033, it’s expected that the Light Therapy Market industry’s net value will have grown from US$ 1.0 billion to US$ 1.8 billion. Because of major depressive disorders, seasonal affective disorder (SAD), and numerous skin-related conditions, there is a growing demand for light therapy, and it is anticipated that this demand will grow at a CAGR of 5.7% from 2023 to 2033. The global burden of melancholy is projected to have doubled by 2030. Therefore, well-known providers of light therapy have a lot of room for development.

During the forecast period, the market for light therapy is anticipated to expand significantly. By the first half of this decade, the target market will probably be worth more than US$ 1 Bn. Due to the rising demand for light therapy in the healthcare industry, there are numerous possibilities for market growth. Over the coming years, rising rates of depression and insomnia will further fuel the market for light treatment.

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In the past few years, there’s been a surge in the incidences of individual depression and insomnia.  In addition to depression and insomnia, disrupted sleep cycles have contributed to the popularity of light therapy. These conditions have induced a wide platform for improved sales of progressive treatment equipment that employs high-quality ultraviolet light to treat these disorders.

A World Bank report states that, if left untreated, mental ailments such as depression are likely to cause economic losses of US$ 2.5-8.5 trillion globally, a figure that most expect to double by 2030. Thus, the market of light therapy is anticipated to undergo tremendous growth in the near future. In addition to mental illness, light therapy products are also known to relieve seasonal affective disorders (SADs) in particular, by improving serotonin levels. Light therapy also helps treat and manage various skin conditions. As a result, many key market participants offer phototherapy for skin conditions.

With rising insomnia cases, the demand for light therapy is also increasing. Light therapy rectifies the patient’s circadian rhythm which, in turn, assists in improving sleep outcomes. Many leading market participants offer light therapy that addresses insomnia and helps insomniacs and night shift workers. All of these considerations, along with many others, aid the growth of the light therapy market during the forecast period.

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“Rising adoption of the target product to treat and manage dermatological conditions will likely stimulate the global growth of the light therapy market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The risk of skin damage due to UV-light exposure may stymie market growth.
  • Increasing incidences of seasonal affective disorder (SAD) promote growth in the U.S light therapy market.
  • Photodynamic therapy fuels the light therapy market in Germany.
  • By product, handheld devices will gain popularity over the assessment period.
  • On the basis of light type, the red light segment will generate the most demand.

Competitive Landscape 

Koninklijke Philips N.V., Verilux Inc., Northern Light Technology, Sphere Gadget Technologies, Zepter International, PhotoMedex Inc., Luminette, Klarstein, Lumie, and Aura Daylight among others are some of the major players in the light therapy market profiled in the full version of the report.

Leading market players are keen on new product releases and expanding their capacities. These businesses employ strategies like product innovations, mergers, acquisitions, and partnerships to gain a competitive edge.

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More Insights into Light Therapy Market Report

In its latest report, FMI offers an unbiased analysis of the global light therapy market, providing historical data from 2016 to 2020 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (light box, floor and desk lamps, light visor, dawn stimulator, light therapy bulbs), light type (white light, blue light, red light), end user (dermatology clinics, homecare settings, others (workplace, salons)), and region.

According to the latest FMI reports, based on segmentation, the red light segment will contribute substantially to the overall market growth. This segment is gaining traction due to its ability to strengthen mitochondria by generating a biochemical effect within cells. In terms of end-user, dermatology clinics will dominate the global market space during the forecast period.

Based on region, the light therapy market in the United States will demonstrate considerable growth during 2021-2031. As there is an increasing prevalence of seasonal affective disorder (SAD) in this region, the demand for light therapy is also high. Again, there’s been a notable surge in illnesses like depression and insomnia which further amplify the demand for light therapy in the U.S. Apart from the United States, the U.K. and Germany will present impressive growth in the light therapy market during the forecast period.

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Light Therapy Market Segmentation by Category

By Product:

  • Light Box
  • Floor and Desk Lamps
  • Light Visor
  • Dawn Simulator
  • Light Therapy Bulbs

By Light Type:

  • White Light
  • Blue Light
  • Red Light

By End User:

  • Dermatology Clinics
  • Homecare Settings
  • Others (Workplace, Salons)

About Future Market Insights (FMI)

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

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Japan accounted for 4.5% CAGR in the global Hospital Capacity Management Solutions Market by 2033

The Hospital Capacity Management Solutions Market is anticipated to grow on average at a CAGR of 5.1% during the forecast timeframe. As a result, the industry is expected to generate US$ 1.9 billion in sales by 2033, with a share of US$ 1.1 billion in 2023. According to FMI, a market research company that has earned ESOMAR certification, the global market for hospital capacity management solutions will grow by 4.9% year over year in 2022 to hit US$ 1.08 billion.

Large patient care facilities are using hospital capacity management systems to ensure a smooth workflow in terms of downtime and expense. During the forecast period, this element is anticipated to push the market for hospital capacity management solutions.

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Key Takeaways of Hospital Capacity Management Solutions Market Study

  • RTLS (Real time locating system) accounted for around 34% of hospital capacity management solutions market in 2021 and is expected to continue with being top-seeded in the forecast period
  • Cloud-based hospital capacity management solution contributed for around 3/5th of market value share in 2021
  • Cumulatively, North America and Europe contributed for more than 70% of the total share of the hospital capacity management solutions market in 2021
  • Countries such as Brazil, China, South Africa, and India are expected to are emerging as lucrative markets, but pale in comparison to US and Europe

Expansive Prominence in the hospital capacity management solutions market

Taking the expansive way of growth helps in strengthening the solutions’ and software’s portfolio; as e-Health has picked up pace looking at the accuracy and need for data management.

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  • STANLEY Healthcare, in May 2022, announced the assimilation of AeroScout Real-Time Location System (RTLS) with certification from Cisco DNA Spaces. The objective of this move is to table economic solution across the healthcare industry
  • Allscripts has its “2bPrecise” platform that takes in clinical information from the EHR preferred by client along with genomic/genetic data from the molecular labs, thereby giving a comprehendible patient record. This gives precise diagnoses at a faster rate.
  • TeleTracking Technologies have their Capacity Management Suite with PreAdmitTracking with electronic bedboard to enable patient access as well as placement

“Precise, real-time navigation with the patient will boost the hospital capacity management solutions market.” says the FMI Analyst.

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Scope of the Report

Major Contributors of the Hospital Capacity Management Solutions Market are:

  • Cerner Corporation
  • Epic Systems Corporation
  • TeleTracking Technologies, Inc.
  • Sonitor Technologies, Inc.
  • STANLEY Healthcare
  • Allscripts
  • McKesson Corporation
  • Arcomed AG
  • Koninklijke Philips N.V.
  • JVS Group
  • Infosys Limited
  • Neusoft Corporation
  • INFINITT Healthcare Co. Ltd
  • AWAREPOINT CORPORATION
  • Care Logistics LLC

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global hospital capacity management solutions market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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The study provide compelling insights on hospital capacity management solutions market on basis of product type (workflow management solution, asset management solution, bed management solution, quality patient care solution, real time locating system (RTLS), and event driven solutions { online registration solution, attendance management tools, event driven patient tracking, others}), application (standalone solutions, integrated solutions), delivery mode (on premise, cloud-based) across seven major regions

Key Segments

By Product:

  • Workflow Management Solution
  • Asset Management Solution
  • Bed Management Solution
  • Quality Patient Care Solution
  • Real Time Locating System (RTLS)
  • Event Driven Solutions
    • Online Registration Solution
    • Attendance Management Tools
    • Event Driven Patient Tracking
    • Others

By Application:

  • Standalone Solutions
  • Integrated Solutions

By Delivery Mode:

  • On Premise
  • Cloud-Based

About Future Market Insights (FMI)

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

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Japan’s Ophthalmic Diagnostic Equipment Market is expected to register a growth rate of around 6.1% CAGR 2022 to 2030

It is anticipated that the worldwide Ophthalmic Diagnostic Equipment Market will offer an opulent growth opportunity, rising at a CAGR of 6.7% from a valuation of US$ 3.0 billion in 2022 to US$ 5.1 billion by 2030.

The market for ophthalmic devices, which was projected to be worth approximately USD 55.0 billion in 2021, received more than 5.5% of its market share from the worldwide ophthalmic diagnostic equipment market.

According to an FMI assessment, the market for ophthalmic diagnostic tools is predicted to grow by 44 basis points (BPS) between H1-2021 and H1-2022(O). However, a comparison of the projected and outlook growth rates for the H1-2022 timeframe revealed a 10 BPS decrease in growth rate.

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Key Takeaways

  • The number of individuals suffering from serious eye diseases is rising at a global level due to which loss of vision is becoming a major public health problem. As the population has increased, the prevalence of eye diseases has also surged due to the rise in chronic diseases such as diabetes and hypertension have become more common leading to issues like glaucoma or vision impairment.
  • There is an increase in the number of people who are blind or have impaired vision in the upcoming years. With the rising frequency of eye disorders and the resulting increase in disability-adjusted life years (DALYs), demand for precise disease treatment is likely to increase in the future years.
  • Increasing technological advancements in analytical methods help in offering improved quantification and characterization with high-resolution cross-sectional 3D images of the target tissue that is difficult to view using a conventional microscope. Owing to such high-tech equipment, the surge in the ophthalmic diagnostic equipment market can be witnessed.
  • The emergence of advancement in technologies have provided improved quantification and Intraoperative optical coherence tomography (OCT) aids accurate decision-making during eye surgery by providing real-time imaging with simultaneous feedback features.
  • An increase in the demand for optical coherence topography devices has led to a rise in competition among players. As a strategy to reach the larger masses, various players/manufacturers have lowered the costs of their devices, which in turn has led to the adoption of these devices by doctors in emerging economies along with developed countries. This factor is anticipated to drive demand for these devices in emerging economies in near future.

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Competitive Landscape

TOPCON CORPORATION, ZEISS International, Ellex, Quantel Medical, NIDEK CO., LTD., HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc., Kowa Company Ltd. are some of the key companies profiled in the full version of the report.

Major competitors in the ophthalmic diagnostic equipment market are concentrating their efforts on expanding their worldwide and regional footprints through strategic acquisitions and mergers, as well as operational growth.

Companies in the ophthalmic diagnostic equipment market are following new product innovations and launches, regulatory approvals, and acquisitions as the key strategies. Key players are focusing on the development of advanced and cost-effective products and establishing distribution agreements to increase geographic reach, especially in the Asia Pacific region. Moreover, companies are targeting Asia region by establishing manufacturing units in order to reduce manufacturing costs.

More Insights into Ophthalmic Diagnostic Equipment Market

The United States is anticipated to rule the ophthalmic diagnostic equipment market accounting for over 89.2% of the North American region. Owing to the increased prevalence of refractive error disorders, the increased number of eye condition awareness programs, and the increased use of superior diagnostic technology are all contributing to this increase.

Germany accounted for approximately 28.6% of the Western Europe market in 2021. According to Eurostat one of the most common surgical procedures in Europe is cataract surgery. The rising number of cataract operations has had a significant influence on the ophthalmic industry, resulting in increased demand for cataract surgery equipment and medications.

China accounted for about 40.4% of the APEJ region in 2021. Factors such as the increasing number of people belonging to the older population that suffer primarily from poor eyesight and other eye-related diseases such as glaucoma and cataract contributed to market growth in this region.

India accounted for a 13.1% market share of APEJ in 2021 and is expected to show a similar trend in the coming years also. In India, ophthalmology-related disorders are on the rise. In India, almost 5 million cataract procedures are conducted every year. The bulk of these operations includes the implantation of intraocular lenses.

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Ophthalmic Diagnostic Equipment Market by Category

By Product:

  • Fundus Cameras
  • Retinal Ultrasound Imaging Systems
  • Refractors
  • Slit Lamps
  • Perimeters
  • Ophthalmoscopes
  • Tonometer
  • Optical Coherence Tomography (OCT)
  • Corneal Topography Systems

By End user:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 09-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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Hyperbaric Oxygen Therapy Devices Market is projected to grow at a CAGR of 7.1% totaling around US$ 6.37 Billion by 2032

In 2022, the Hyperbaric Oxygen Therapy Devices Market is anticipated to be worth US$3.21 billion. The overall demand for hyperbaric oxygen therapy devices is anticipated to increase at a CAGR of 7.1% between 2022 and 2032, reaching approximately US$ 6.37 billion by 2032 due to the growing use of hyperbaric oxygen therapy in wound healing and the increasing number of athletes driving up demand for HBOT.

The use of the hyperbaric oxygen therapy (HBOT) method improves leukocyte performance, particularly at the site of a wound, and reduces the toxicity of cyanide and carbon monoxide (CO). One of the major factors anticipated to propel the market during the forecast period is the technology’s increasing acceptance on a worldwide scale.

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Rising number of patients with diabetes around the globe is the prime factor for the increase in demand of hyperbaric oxygen therapy devices. Thus, the market is to witness an upward trend with the passing years. Additionally, the market is set to gain because of the increasing medical tourism. The support and investment by the government of the developing reasons in the healthcare sector too cannot be ignored for the rise in demand. Plus, nowadays, patients with brain injuries and cancer are also being treated using this technology.

The regulatory approval for a number of indications such as pulmonary embolism, severe anemia, decompression sickness, burns and brain abscesses to name a few out of the thirteen approved indications, is one of the major factors that is expected to escalate the growth of the hyperbaric oxygen therapy device market over the analysis period. Moreover, the increasing adoption of hyperbaric oxygen therapy devices for lung disease treatment and prevention of reperfusion injury is one of the major factors that is expected to propel the market growth during the forecast period.

The North America hyperbaric oxygen therapy devices market is expected to accumulate a market share of 34.0% in 2022. North America is anticipated to be the largest market for Hyperbaric Oxygen Therapy Devices, owing to reasons such as the growing population and the increasing preference for wound healing treatments.

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Key Takeaways from the Market Study

  • Global Hyperbaric Oxygen Therapy Devices Market was valued at US$ 3.21 Billion by 2022-end
  • From 2017 to 2021, Hyperbaric Oxygen Therapy Devices demand expanded at a CAGR of 4.2%
  • By product, monoplace hyperbaric oxygen therapy devices to acquire a revenue share of 54%.
  • By Application, the Wound Healing segment dominates the Hyperbaric Oxygen Therapy Devices Market with a CAGR of 31%.

“The ability of the hyperbaric oxygen therapy procedure to effectively treat carbon monoxide poisoning, is one of the major factors that is anticipated to accelerate the growth of the hyperbaric oxygen therapy devices market in the near future,” remarks an FMI analyst.

Competitive Landscape

Players in the global Hyperbaric Oxygen Therapy Devices Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2021, CūtisCare, a leading provider of multi-place hyperbaric services for trauma centers and acute care hospitals, announced the official launch of hyperbaric aware website and national campaign. CūtisCare aims to increase awareness about hyperbaric oxygen therapy to effectively deal with various chronic conditions.
  • In November 2019, AHA Hyperbarics introduced the AHA Flex V2, a new model of innovative high-pressure medical hyperbaric chambers that are specifically built to meet the growing need for HBOT safety and efficacy.
  • In July 2019, Unique Group, the world’s prominent advanced subsea, offshore, and life support solution providers, launched its next generation multiplace hyperbaric oxygen treatment chamber, ‘Uni-Heal 2200 hyperbaric oxygen treatment facility’.
  • In February 2019, new medical research conducted at the LSU Health New Orleans School of Medicine indicates that the procedure can be beneficial for the patients of Alzheimer’s, when conducted with other therapies or by itself.

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Key companies profiled : Cardinal Health, Mölnlycke Health Care, Acelity L.P. Inc. (3M), Lohmann & Rauscher GmbH & Co. KG, Smith & Nephew, ConvaTec Inc., DeRoyal Industries, Inc., HARTMANN, Medela LLC, Haromed Bvba (Belgium), Carilex Medical GmbH. Genadyne Biotechnologies, Inc., Cork Medical, LLC, Alleva Medical Ltd. (Devon Medical Products, and Argentum Medical, LLC

Key Segments Covered in the Hyperbaric Oxygen Therapy Devices Industry Analysis

Hyperbaric Oxygen Therapy Devices Market by Type of Products:

  • Mono-place HBOT Devices
  • Multi-place HBOT Devices
  • Topical HBOT Devices

Hyperbaric Oxygen Therapy Devices Market by Application:

  • Wound Healing
  • Decompression Sickness
  • Infections
  • Gas Embolism
  • Others

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Hyperbaric Oxygen Therapy Devices Market by Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (ROW)

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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 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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Automated Breast Ultrasound Systems Market | GE Electric Co., Siemens A.G., Hitachi Ltd., SonoCiné Inc., Koninklijke | By 2031

According to the most recent research report from ESOMAR-certified Future Market Insights (FMI), the Automated Breast Ultrasound Systems Market has been greatly fueled by the increasing prevalence of breast cancer around the world and the expansion of government programmes to promote breast cancer awareness. According to the study, over the next ten years, the market for automated breast ultrasound systems would expand at a CAGR of about 10%.

Leading manufacturers are working hard to create an ultrasound breast imaging device that is quicker, more accurate, and less invasive. The National Library of Medicine reported that the combination of automated breast ultrasonography and mammography raised the system’s sensitivity to 99.1%.

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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.

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.

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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.

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)

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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
  • 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

About Future Market Insights (FMI)

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

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Automated CPR Devices Market is expected to grow at approximately 13% CAGR throughout the forecast period of 2021 to 2031

According to the most recent study report from ESOMAR-certified Future Market Insights (FMI), the Automated CPR Devices Market has been growing significantly as sudden cardiac arrest rates increase globally. According to the study, the worldwide market for automated CPR devices is anticipated to expand at a CAGR of roughly 13% from 2021 to 2031.

The market is expected to expand considerably over the next ten years as more coronary and intensive care units turn to automated CPR devices due to their high efficacy. Significant advancements have been made with 3D automated CPR devices, particularly when standard CPR equipment is used in conjunction with torso restraints to provide vertical compression and high-quality resuscitation.

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Automated CPR devices experienced a surge in demand during the Covid-19 pandemic. COVID-19 infected heart patients were more susceptible to cardiac arrest in comparison with non infected patients. With rapid mutation of virus, the patients were facing higher risk of cardiac arrest.

 “Rising consumer awareness regarding benefits of CPR devices and increasing adoption in EMT services will amplify sales of automated CPR devices during the forecast period,” says the FMI analyst.

Key Takeaways from FMI’s Automated CPR Devices Market Study

  • Presence of modern healthcare infrastructure and high per capita income will bolster demand across the U.S.
  • The U.K is expected to offer growth opportunities as governments and private organizations are working towards spreading awareness regarding dangers of cardiovascular diseases.
  • Rising prevalence of obesity and high blood pressure which are precursor to cardiac arrest will increase automated CPR devices adoption across France.
  • China will offer lucrative opportunities owing to increasing alcohol and tobacco consumption and developing healthcare infrastructure.
  • India is expected to exhibit impressive market growth owing to increase in geriatric population and growing incidence of sudden cardiac arrest in the country.

Competitive Landscape:

Automated CPR market is highly consolidated owing to presence of regional and global market players. Key market players in automated CPR devices market are focusing towards employing inorganic market strategies to expand their global foothold.

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Inorganic strategies include strategic merger and acquisition and forming an alliance with regional distributors to strengthen their supply chain channels. They are also emphasizing towards faster product approvals, product development and patenting. New market entrants are focusing on new product launches to establish their market presence.

For instance, Michigan Instruments launched hand-free automatic CPR device which is light weight, portable and helps in smooth transition from manual CPR to automated compressions.

ZOLL Medical Corporation introduced a new automated CPR devices system “Autopulse” which assists EMS personnel in providing high quality chest compressions in cramped spaces and steep down stairwells.

Prominent players operating in the automated CPR devices market are SunLife Science Inc., ZOLL Medical Corporation, Michigan Instruments, Physio Control Inc., Brunswick Biomedical Technologies, Zhuhai Kindway Medical Science & Technology Co. Ltd, CPR Medical Devices Inc., and Medtronic Inc.

In its latest report, FMI offers an unbiased analysis of the global automated CPR devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of power source (pneumatically driven CPR devices, battery driven CPR devices, and mechanically actuated and battery driven CPR device), device type (piston devices, load distribution devices, and 3D compression devices) and end user for (Ems, hospitals, ambulances, coronary & intensive care units, cardiac catheterization labs, air med-evac units, and EMT rescue units) across North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

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Key Segments Covered:

By Power Source:

  • Pneumatically Driven CPR Devices
  • Battery Driven CPR Devices
  • Mechanically Actuated And Battery Driven CPR Device

By Device Type:

  • Piston Devices
  • Load Distribution Devices
  • 3D Compression Devices

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By End User:

  • EMS
  • Hospitals
  • Ambulances
  • Coronary & Intensive Care Units
  • Cardiac Catheterization Labs
  • Air Med-Evac Units
  • EMT Rescue Units
  • Others

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Wireless Audio Products Market to be Worth US$ 1,92,627.2 Million by 2032 | CAGR of 9.60%

The market for wireless audio products is anticipated to be worth US$77,076.9 million in 2022. The estimate predicts that by 2032, sales of wireless audio equipment will have grown at a CAGR of 9.60 percent and will be worth US$ 1,92,627.2 million.

Various audio signals are transmitted and received via wireless technologies such as Bluetooth, Wi-Fi, NFC, and AirPlay, among others, thanks to the global market for wireless audio products.

Wireless earphones and headphones, portable speakers, sound bars, wireless home theater systems, multi-room speakers, and others are various types of wireless audio products available in the market. Increasing applications of wireless audio devices in the commercial sector, increasing penetration of infotainment devices, rising adoption of mobile devices, and others are the key driving factors of the market.

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In addition, wireless audio devices find applications in various sectors, such as consumer, automotive, commercial, security & defense, and others. Wireless audio products are used as support accessories for mobile devices such as smartphones, laptops/computers, and gaming consoles in the consumer sector.

The commercial sector comprises wireless audio products used in office spaces, industries, and other commercial establishments such as IT parks, sports complexes, educational institutes, and government offices. In addition, the increasing use of advanced driver assistance systems (ADAS), in-vehicle infotainment systems, and GPS devices have boosted the utilization of wireless headphones, speakers, and others in cars, trucks, buses, and other automobiles.

Global Wireless Audio Products Market: Drivers and Challenges

Easy adoption of wireless audio products among the people is driven by advanced features offered in the wireless audio products such as flexible audio streaming, and product bundling, and, increasing disposable income among the population is also encouraging people to invest in luxury items such as wireless audio products.

A few other factors that positively impact the global wireless audio products market are advancements in audio technology and rising mobile device penetration which support the adoption of wireless speakers.

Stringent government regulations have been imposed regarding the frequency range of audio products.

A few other challenges faced by the vendors in the market include the threat of piracy, and lesser bandwidth of wireless connection. These are the factors that hinder the growth of the global wireless audio product market.

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Global Wireless Audio Products Market: Regional Outlook

Based on regions, the global wireless audio products market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East, and Africa.

North America is likely to continue its leading position over the forecast period. The growth of this regional market is largely fuelled by easy adoption and better disposable income among the population.

The continuous penetration of consumer electronics is among the key factors for the healthy pace of growth of the Asia Pacific market which has the highest potential.

Western Europe market holds a notable share in the global wireless audio products market as it is home to several key vendors for sound systems.

Global Wireless Audio Products Market: Competition Landscape

Some of the key players in the wireless audio products market are Logitech/ UE, Bose Corporation, Philips, B&O, B&W, Harman International, Samsung Electronics, Beats Audio (Apple Inc.), Sony Corporation, Sonos Inc., Denon, Yamaha

Key Segments Of The Wireless Audio Products Market

By Product Type:

  • Headsets
  • Headphones
  • Microphones
  • Speaker Systems
  • Sound Bars
  • Others

By Functionality:

  • Wi-Fi
  • Bluetooth
  • Radio Frequency
  • Bluetooth + Wi-Fi
  • AirPlay
  • Others

By Application:

  • Consumer
  • Home Audio
  • Commercial
  • Automotive
  • Others

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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 favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

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Gas Circuit Breaker Market Poised for Steady Growth with a 3.3% CAGR by 2031

According to Future Market Insights (FMI), the global gas circuit breaker market would be valued US$ 621.2 Million in 2021. Total sales of gas circuit breakers are predicted to expand at a CAGR of 3.2% between 2021 and 2031, between 2016 and 2020.

In order to increase their market positions, the top circuit breaker manufacturers are focusing on improving releases and increasing their product lines.

Borsa Istanbul, for example, announced that its new index-based circuit breaker feature will be accessible for the first time in 2020. The device will workout dynamically by concluding the session in comparison to the prior closing figure.

Numerous additional manufacturers are joining the bandwagon as a result of growing consumer demand. Their attempts to satisfy shifting consumer demands will lead to chances for market expansion.

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Global Gas Circuit Breaker Market: Dynamics Impacting Future Growth

Various aspects have contributed to the growth of the global gas circuit breaker market. Gas circuit breaker acts as an effective alternative compared to conventional methods like oil circuit breaker and fuse, increasing the use of gas circuit breaker for high voltage applications, rapid industrialization, and urbanization driving the need for the establishment.

New transmission grids, increasing renewable energy projects and use of medium voltage circuit breakers, significant investment by the government in the power transmission and distribution sector coupled with rapid growth in these sectors, irregular flow of current in certain regions owing to poor infrastructure driving the need for protection of circuit through circuit breakers, and trend such as a focus on reduction of several interrupters, the evolution of hybrid gas breakers to reduce the environmental impact of SF6 and focus on low maintenance based circuit breakers have contributed to the growth of the global gas circuit breaker market.

Increasing penetration of alternative technologies, such as vacuum circuit breakers, stringent regulations about the use of sodium hexafluoride gas is a major contributors to the greenhouse effect, reluctance to install new equipment and electrification projects, high cost associated with the use of SF6 gas circuit breakers, lack of standardised testing for ultra-high voltage gas circuit breakers and low replacement rate are hindering the growth of the global gas circuit breaker market.

Global Gas Circuit Breaker Market: Segmentation Snapshot

The global gas circuit breaker market is segmented based on voltage rating, configuration, technology, end-use and region.

  • By Voltage Rating, the above 800 kV segment is the largest segment with a high market share. However, the 252-550 kV segment is projected to grow at a high rate to register a value CAGR of 5.3% throughout the period forecast
  • By Configuration, the single interrupter segment is a high growth segment contributing largely to the growth of the global market. It is estimated to reach a value of more than US$ 530 Mn by the end of 2031
  • By Technology, the live tank type segment is highly lucrative with high growth potential. This segment is projected to grow at a high comparatively high CAGR and also reflect a high market valuation by the end of the period of assessment, thus leading the global market
  • By End Use, the industrial segment is expected to dominate the global market with a high market value. The commercial segment is poised to register a high-value CAGR of 5.2% throughout forecast
  • By Region, Asia Pacific excluding Japan (APEJ) is the largest with high market attractiveness. The gas circuit breaker market in the APEJ region is expected to grow at a high-value CAGR of 5.8% during the forecast period

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Global Gas Circuit Breaker Market: Competitive Analysis

The research study on the global gas circuit breaker market includes a detailed competitive assessment that includes key players such as ABB Group, General Electric, Toshiba Corporation, Hyosung Corporation, Siemens AG, Schneider Electric SE, Hitachi Ltd., Kirloskar Electric Company Ltd., CG Power and Industrial Solutions Limited, Fuji Electric Co., Ltd., HICO America, Nissin Electric Co., Ltd., Elimsan Switchgear Equipment & Electromechanical Industry And Trade Inc., New Northeast Electric Group High Voltage Switchgear Co., Ltd., Mitsubishi Electric Corporation, Koncar-Electronics and Informatics Inc., Hyundai Heavy Industries Co., Ltd., Siyuan Electric Co., Ltd., Stelmec Limited and ALSTOM SA.

Market segmentation

By Voltage Rating:

  • Up to 72.5 kV
  • 72.5-145kV
  • 145kV-252kV
  • 252-550kV
  • 550-800kV
  • above 800kV

By Configuration:

  • Single Interrupter
  • Two Interrupter
  • Four Interrupter

By Technology:

  • Dead Tank Type
  • Live Tank Type

By End Use:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excl. Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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About Us

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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Delaware – 19713, USA
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