Global C-Arms Devices Industry Is Expected to Grow at an Amazing 4.2% Annual Growth Rate Between 2022 and 2032 | FMI Reports

Global C-Arms Devices Industry
Global C-Arms Devices Industry

The Global C-Arms Devices Industry is on a steady growth trajectory, fueled by its innovative ability to provide high-resolution X-ray images in real time. This technological advancement empowers medical professionals to meticulously monitor surgical procedures, ensuring accuracy and ultimately improving patient outcomes.

According to a recent study by Future Market Insights (FMI), the C-arms devices market, valued at an estimated US$1.7 billion in 2019, is projected to reach a staggering US$2.45 billion by 2027. This translates to a robust Compound Annual Growth Rate (CAGR) of 4.2% anticipated between 2022 and 2032. This upward trend highlights the increasing demand for cutting-edge imaging technology within the medical field.

Noteworthy is the pivotal role that the United States plays in the C-Arm Devices market’s expansion. The nation’s frequent diagnostic testing, coupled with a growing senior population and an increasing incidence of chronic illnesses, significantly contribute to the burgeoning North American C-Arm Devices market.

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Rising medical imaging technology expertise, financial stability to purchase expensive devices, and acceptance of novel items are the key forces driving strong demand for C-arm devices in the United States. Furthermore, growing infrastructure expenditure to support medical and healthcare development functions as a boost for C-arm device sales in the country.

After North America, the Asia Pacific Global C-Arms Devices Industry is predicted to grow at the quickest CAGR in diagnostic and interventional radiology procedures, resulting in increasing C-arms device sales.

Demand for C-arm devices in China is expected to be driven by the presence of well-established hospitals as well as a large target client pool. Increased population awareness and rapid medical tourism in India are also expected to drive C-arms device sales in the Asia-Pacific C-arms device market.

Global C-Arms Devices Industry: Dynamics

Presently, the C-arm devices global market is driven by technological advancement in the healthcare industry, by aging population, and the increasing prevalence of osteoporosis disease.

C-arms global market is driven by rapid technological advancement, rapid innovation in production and modeling technologies, increasing privatization in the healthcare sector, and rising adoption of refurbished medical devices in emerging countries. However, the lack of skilled professionals and lack of standardization and harmonization of policies act as a major barrier to this market.

Global C-Arms Devices Industry Key Players

The writer will create content on the general strategies of market players. Then will write the key players in the market are: GE Healthcare Inc., Philips Healthcare, Siemens AG, Hologic Corp., BMI Biomedical International s.r.l., DMS Health Technologies, Medonica Co., Ltd., Gemss Co. Ltd., Shimadzu Corp.

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Global C-Arms Devices Industry Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:

By Type:

  • Fixed C-Arms
  • Mobile C-Arms

By Application:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Transcatheter Heart Valve Replacement Industry to Skyrocket at 14.8% CAGR, Reaching US$25.4 Billion by 2033 | FMI Analysis

Global Transcatheter Heart Valve Replacement Industry
Global Transcatheter Heart Valve Replacement Industry

The Global Transcatheter Heart Valve Replacement Industry is on track for a significant upsurge, propelled by the growing prevalence of cardiovascular diseases (CVDs) worldwide. According to industry forecasts, the market is projected to experience a robust Compound Annual Growth Rate (CAGR) of 14.8% from 2023 to 2033. This phenomenal growth trajectory signifies a market reaching a staggering valuation of approximately US$25.4 billion by 2033.

Rising CVD Cases Drive Demand for Advanced Solutions

This significant growth is directly attributed to the increasing number of individuals diagnosed with various CVDs. This escalating burden on global healthcare systems necessitates the development and implementation of sophisticated technologies in the medical field. Transcatheter heart valve replacement (THVR) offers a minimally invasive alternative to traditional open-heart surgery, making it a preferred option for many patients.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Transcatheter Heart Valve Replacement (THVR) Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Transcatheter Heart Valve Replacement (THVR) market.

Key Global Transcatheter Heart Valve Replacement Industry Takeaways and Projections

  • The U.S. is estimated to continue dominating the North American market, projecting the fastest growth in the region through 2031.
  • Germany’s Transcatheter Heart Valve Replacement (THVR) market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
  • China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
  • India is forecast to emerge as a highly remunerative market in South Asia, contributing to the largest sales in the region over the coming 10-years.

Report Benefits & Key Questions Answered

  • Transcatheter Heart Valve Replacement (THVR) Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Transcatheter Heart Valve Replacement (THVR) market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2023-2033.
  • Transcatheter Heart Valve Replacement (THVR) Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Transcatheter Heart Valve Replacement (THVR) market. As per the survey, Global Transcatheter Heart Valve Replacement Industry sales will project steady growth over the forecast period.
  • Global Transcatheter Heart Valve Replacement Industry Structure Analysis: The report provides detailed market information the concentration of key players and tier analysis in the Transcatheter Heart Valve Replacement (THVR) market. It also categorizes market players as Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
  • Transcatheter Heart Valve Replacement (THVR) Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the Global Transcatheter Heart Valve Replacement Industry
  • Trend Analysis: FMI’s market trend analysis provides compelling insights into current and upcoming trends in the healthcare industry. It also assists the industry players in identifying potential trends to formulate a strategy to take advantage of these existing trends.

Global Transcatheter Heart Valve Replacement Industry Key Companies Profiled:

  • Abbott
  • Edwards Lifesciences Corporation
  • Medtronic
  • Boston Scientific Corporation
  • JenaValve Technology, Inc
  • Meril Life Sciences
  • Sahajanand Medical Technologies Limited
  • MicroPort Scientific Corporation
  • Venus Medtech (Hangzhou) Inc.
  • Suzhou Jiecheng Medical Technology Co. Ltd.
  • Peijia Medical Limited.
  • Blue Sail Medical Co., Ltd.

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Key Segments Covered in the Global Transcatheter Heart Valve Replacement Industry Research

Product:

  • Self – Expandable Transcatheter Aortic Valves
  • Balloon-Expandable Transcatheter Aortic Valves
  • Mechanically Expanded Transcatheter Aortic Valves

Indication:

  • Severe Aortic Valve Stenosis
  • Valve-in-Valve Procedures (Failed Bioprosthesis)
  • Aortic Regurgitation

End User:

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Protein Crystallization And Crystallography Industry is growing and is expected to reach US$3.57 Billion at a compound annual growth rate of 9.6% by 2033 | FMI

Global Protein Crystallization And Crystallography Industry
Global Protein Crystallization And Crystallography Industry

The Global Protein Crystallization And Crystallography Industry is on the verge of a transformative era, poised for remarkable growth in the coming years. According to industry forecasts, the market is expected to reach a significant value of US$1.54 billion by 2023. This strong foundation sets the stage for an even more impressive future, with experts predicting a surge to a staggering US$3.57 billion by 2033.

Fueling Growth: Innovation in Drug Discovery

A robust Compound Annual Growth Rate (CAGR) of 9.6% is propelling this remarkable market expansion. This impressive CAGR underscores the industry’s adaptability and resilience in the face of evolving market dynamics. Key factors driving this growth include:

The driving force behind this remarkable expansion is a synergy of technological advancements, dedicated research and development initiatives, and an increasing acknowledgment of the pivotal role that protein crystallization and crystallography solutions play across diverse sectors. These techniques have become indispensable in various scientific endeavors, contributing significantly to advancements in fields such as pharmaceuticals, biochemistry, and material science.

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The other factor that stimulates the growth of the crystallization and crystallography market includes increasing government grants and research and development activities in the biotechnological and pharmaceutical industries which demand the utilization of crystallization and crystallography techniques. Furthermore, the emergence of advanced technologies like X-ray-free electron lasers in the Global Protein Crystallization And Crystallography Industry increases the number of users and drives the market growth.

However, a lack of skilled and knowledgeable personnel to operate this technique will restrain the growth of this market. In addition, the high cost and time-consuming method further restrains the growth of the protein crystallization and crystallography market. Moreover, the protein crystallization method is limited to specific types of protein molecules that will also restrain the growth of the Global Protein Crystallization And Crystallography Industry.

Geographically, North America accounts for the largest market of protein crystallization and crystallography. The presence of a large number of pharmaceutical and biotechnologies companies coupled with increasing research and development activities in North America will help this region to hold a strong position in the market. Europe is considered the second-largest market for protein crystallization and crystallography.

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The growth in Europe is mainly attributed to positive initiatives from the European government coupled with increasing acceptance of protein crystallization and crystallography among people. In addition, Asia-Pacific countries such as India and China are the emerging regions for the Global Protein Crystallization And Crystallography Industry due to increasing investment by pharmaceutical and biotechnology companies in this region.

The major players competing in the Global Protein Crystallization And Crystallography Industry are

Hampton Research, Molecular Dimensions Ltd., PerkinElmer, Inc., GE Healthcare Life Sciences, Danaher Corporation, Bruker Corporation, Agilent Technologies, Inc., Hampton Research, Jena Bioscience, Rigaku Corporation, Formulatrix, Inc., MiTeGen LLC, Bruker Corporation and others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types, and distribution channels.

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Global Protein Crystallization And Crystallography Industry Key Segments

By Technology:

By Service:

  • Consumables
  • Reagents Kits/Screens
  • Instruments
  • Software & Services

By end user:

  • Pharmaceutical Companies
  • Research & Government Institutes
  • Biotechnology Companies

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Industrial Noise Control Industry Set to Reach US$ 7.55 Billion by 2028, Growing at a 4.6% CAGR

The Industrial Noise Control industry plays a pivotal role in mitigating the adverse effects of noise pollution generated by manufacturing processes and machinery within various industrial sectors. With the escalating production demands across diverse end-use industries, there is a parallel surge in the need for effective noise management solutions. This demand is further fueled by the effects of globalization and increased international trade, which present lucrative growth opportunities for manufacturers and suppliers within the industry.

In response to these challenges and opportunities, the industry is witnessing significant advancements in materials science, leading to the development of corrosion-resistant and high noise absorption materials. These innovations enhance the efficacy and longevity of noise control products, addressing the complex noise management requirements of industrial environments.

Attributes Details
Global Industrial Noise Control Market Analysis (2021A) US$ 5,529.1 Million
Global Industrial Noise Control Market Analysis Estimated Year Value (2022E) US$ 5,768.9 Million
Global Industrial Noise Control Market Analysis Projected Year Value (2028F) US$ 7,550.0 Million
Value CAGR (2022-2028) 4.6%

 

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Key Factors Increasing the Demand for Industrial Noise Control Solutions in the Forecast Period

  1. Rising Machinery Production
    • Increased production of machinery across various end-use industries necessitates effective noise control solutions to manage elevated noise levels.
  2. Growth in Globalization and International Trade
    • The expansion of global markets and international trade provides lucrative opportunities for noise control solution providers, driving market growth.
  3. Development of Advanced Noise Control Materials
    • Innovation in corrosion-resistant and high noise absorption materials enhances the effectiveness of noise control products, fueling demand.
  4. Challenges in Noise Level Management
    • The ongoing challenge of maintaining acceptable noise levels in industrial settings underscores the need for sophisticated noise control solutions.
  5. Comprehensive Service Offerings by Manufacturers
    • The provision of consulting, designing, and supply services by noise control manufacturers ensures tailored solutions, increasing market appeal.
  6. Adoption of High-Performance Acoustic Products
    • The use of advanced acoustic performance materials in noise control solutions ensures superior noise management, driving demand.
  7. Customer-Centric Product Development
    • Manufacturers’ focus on delivering customized and effective noise control products to meet diverse customer needs contributes to market growth.
Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis USD Million for Value and ‘000 Units for Volume
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa and Oceania
Key Countries Covered USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, India, ASEAN, China, Japan, South Korea, ANZ,  GCC Countries, South Africa, Turkey, Northern Africa

 

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
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T: +1-845-579-5705
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sales@futuremarketinsights.com
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Global Injectable Drugs Industry will grow at a 5.8% CAGR and generate US$9,91,631.3 Million By 2034 | FMI Reveals

Global Injectable Drugs Industry
Global Injectable Drugs Industry

The Global Injectable Drugs Industry is on track for a significant expansion, fueled by rising demand for efficient and targeted medication delivery. According to recent market analysis, the market is projected to reach a staggering US$991.6 billion by 2034. This impressive figure signifies a substantial increase from the estimated market size of US$597.9 billion in 2024, reflecting a steady Compound Annual Growth Rate (CAGR) of 5.8% over the next decade.

The industry for injectable drugs is expected to increase significantly, and this growth may be attributable to ongoing technological improvements that optimize devices for clinical situations, both acute and chronic. The clinical solutions field, historically a stronghold of innovation, has seen impressive advancements in recent years. The development of high-risk patient care and diagnostic procedures, as well as the introduction of less invasive therapies, have been crucial factors in the industry’s increasing trajectory.

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Demand for related treatments is increasing, as people are now more aware of the right treatment options, doctor-guided plans, and precautionary measures to consider for serious clinical conditions.

Key players in the Global Injectable Drugs Industry are actively seeking to gain approvals from regulatory bodies and develop products across the continuum of care in severe case recovery. Furthermore, the FDA is expected to approve new devices related to advanced injectable drugs and their administration, over the coming years.

“Increasing incidence of infectious diseases, oncological diseases, cardiac disorders and device innovation are prompting healthcare providers to incorporate new treatment regimens for improved patient outcome,” says an FMI analyst.

Global Injectable Drugs Industry Key Takeaways:

  • The injectable drug market is expected to witness a robust expansion driven by a CAGR of 5.8%.
  • This growth is attributed to factors like the increasing prevalence of chronic diseases, rising demand for convenient drug delivery methods, and advancements in injectable drug technology.
  • The market is expected to surpass US$9,91,631.3 million by 2034, indicating a significant opportunity for stakeholders in the pharmaceutical industry.
  • In terms of molecules, the large molecule segment held the largest share of 8% in the global market in 2021.
  • By route of administration, sales in the intravenous (IV) segment are expected to increase at a 3% CAGR over the assessment period.
  • Based on the distribution channel, the hospital pharmacies segment was valued at US$ 231.0 Bn in 2021.
  • North America held the largest share of 5% in the global injectable drugs treatment market in 2021, owing to the growing government investments in healthcare and R&D activities.

Global Injectable Drugs Industry Competitive Landscape

Product launches and collaborations with suppliers that have a strong position and are popular in the market are some of the key strategies of the market players operating in the Global Injectable Drugs Industry. For instance:

  • Merck and Gilead Sciences, Inc. (Gilead) signed an agreement in March 2021 to collaborate on the development and commercialization of long-acting HIV treatments that combine Merck’s investigational nucleoside reverse transcriptase translocation inhibitor islatravir and Gilead’s investigational capsid inhibitor lenacapavir.
  • In March 2022, Sanofi IGM Biosciences, Inc. today announced the signing of an exclusive worldwide collaboration agreement to create, develop, manufacture, and commercialize IgM antibody agonists against three oncology targets and three immunology/inflammation targets. Engineered IgM antibodies represent a new class of potential therapeutics that combine the multi-valency of IgM antibodies possessing 10 binding sites compared to conventional IgG antibodies having only 2 target binding sites.
  • In February 2022, Novartis India Limited extended access to its medicines in India by signing an exclusive sales and distribution agreement with Dr. Reddy’s Laboratories

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the injectable drugs market in its latest study, presenting a historical demand assessment of 2014 – 2021 and projections for 2024 – 2034.

The research study is based on the product – (monoclonal antibodies, immunoglobulin, cytokines, insulin, peptide hormones, blood factors, peptide antibiotics, vaccines, small molecule antibiotics, chemotherapy agents, and others), by application (oncology, infectious diseases, diabetes, blood disorders, hormonal disorders, musculoskeletal disorders, CNS diseases, pain management, and cardiovascular diseases), by molecule type (small molecules and large molecules), by route of administration (intravenous (IV), intramuscular (IM), and subcutaneous (SC)), by distribution channel (hospital pharmacies, retail pharmacies, drug stores, and online pharmacies), across seven key regions of the world.

Global Injectable Drugs Industry Key Players:

  • Pfizer Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Sanofi S.A.
  • Sun Pharmaceutical Industries Ltd.
  • AstraZeneca Plc
  • Merck & Co., Inc.
  • Viatris + Mylan N.V
  • Cipla Inc.
  • Dr. Reddy’s Laboratories Ltd.
  • Samsung Biologics
  • Abbott Laboratories
  • Amgen Incorporated
  • Baxter International Incorporated
  • Becton Dickinson and Company
  • Bristol-Myers Squibb Company
  • GlaxoSmithKline Plc
  • Roche Holding Limited

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Key Segments Covered in Global Injectable Drugs Industry Research

By Product:

By Application:

  • Oncology
  • Infectious Diseases
  • Diabetes
  • Blood disorders
  • Hormonal Disorders
  • Musculoskeletal Disorders
  • CNS Diseases
  • Pain Management
  • Cardiovascular Diseases

By Molecule Type:

  • Small Molecules
  • Large Molecules

By Route of Administration:

  • Intravenous (IV)
  • Intramuscular (IM)
  • Subcutaneous (SC)

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Digital Barometer Industry is predicted to grow at a strong 3.5% CAGR and approach US$1.46 Billion By 2032 | FMI Experts

Global Digital Barometer Industry
Global Digital Barometer Industry

The Global Digital Barometer Industry is on track for a period of stable expansion, according to industry analysis. The market is projected to reach a value of US$1.03 billion by 2022 and is expected to witness a Compound Annual Growth Rate (CAGR) of 3.5% over the next decade. This steady growth trajectory is anticipated to propel the market to a value of US$1.46 billion by 2032.

Digital barometers, which are crucial equipment for detecting atmospheric pressure, have evolved significantly throughout the years. In the modern day, these devices have incorporated enhanced features, increased precision, and smaller designs, indicating a technical leap ahead.

The allure of digital barometers is steadily increasing, fueled by their modern styling, advanced features, precision, durability, and cost-effectiveness. These qualities position digital barometers as the preferred choice across diverse industries, including pharmaceuticals, research laboratories, academic institutions, and more.

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Apart from laboratories, digital barometers find application in meteorological departments for weather forecasts. Digital barometers can efficiently tell the short-term expected changes in the climate. Modern-day digital barometers are wall-mounted tablet form digital barometers which come with multi-specialties such as temperature, future forecast, time, etc.

Digital barometer display enables easy interpretation of measurements and allows computer storage of the analysis. The electronic format of digital barometers allows multiple scales for precision and sensitivity. Moreover, the digital barometers track the atmospheric pressure for every minute.

Global Digital Barometer Industry: Dynamics 

Maintenance of specific atmospheric conditions is very important in research laboratories and pharmaceutical manufacturing as well as research and laboratory sites. Increasing demand for biotechnology and drug designing propel the growth of research institutes and pharmaceutical companies.

This is considered an important driver of the market. The advancements in technologies fuel the growth of digital barometers in the market to develop new innovative product types with additional features and greater sensitivity in compact size with affordability. However, the cheaper cost of normal barometers with the same functionality makes end users not opt for digital barometers creating a restraint in the global expansion of digital barometer markets.

Global Digital Barometer Industry: Overview 

Advancements in the technology of digital barometers significantly spur the market of digital barometers. Based on modality, the digital barometer market is fragmented into hand-held digital barometers, table-top digital barometers, and wall-mounted digital barometers.

The hand-held digital barometers are expected to account for the largest revenue share owing to maximum adoption by research laboratories and meteorological departments. However, wall-mounted digital barometers are expected to grow with the highest CAGR over the forecast period due to the incorporation of various advanced features.

Based on end users, the digital barometer Industry is segmented into pharmaceutical companies, research laboratories, academic research institutes, wineries and breweries, oil & gas industries, CMOs, and meteorological departments.

Meteorological departments and research laboratories are estimated to account for the largest market share in terms of revenue owing to the increasing number of research laboratories and higher adoption by them in the forecast period.

Digital Barometer Industry: Region-wise Outlook 

In terms of geography, the digital barometer Industry has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia-Pacific excluding & Japan (APEJ), Japan, Middle-East & Africa, and Latin America.

North America is the most dominating market and holds the largest revenue share, due to the higher presence of research and academic laboratories. Increasing expenditure and funding on biotechnology and research and developmental programs are also a contributor to the domination of North America in the digital barometer Industry

Europe accounts for the second largest revenue share in the global digital barometer Industry, owing to the increasing adoption of digital barometers by end users and higher expenditure on research and development. Asia Pacific is expected to witness rapid growth in the Global Digital Barometer Industry, due to advances in technology and establishments of science research groups and laboratories.

China is expected to register significant growth, owing to the presence of several local manufacturers. Latin America and Middle East & Africa are projected to exhibit slow growth in the digital barometer Industry owing to limited demand from end users over the forecast years.

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Key Segments Profiled in the Global Digital Barometer Industry Survey

Global Digital Barometer Industry by Modality:

  • Hand-held Digital Barometer
  • Table-top Digital Barometer
  • Wall-mounted Digital Barometer

Global Digital Barometer Industry by End Users:

  • Digital Barometers for Pharmaceutical Companies
  • Digital Barometers for Research Laboratories
  • Digital Barometers for Academic Research Institutes
  • Digital Barometers for Winery and Breweries
  • Digital Barometers for Oil & Gas Industries
  • Digital Barometers for CMOs
  • Digital Barometers for Meteorological Departments

Global Digital Barometer Industry by Region:

  • North America Digital Barometer Market
  • Latin America Digital Barometer Market
  • Europe Digital Barometer Market
  • East Asia Digital Barometer Market
  • South Asia and Pacific Digital Barometer Market
  • Middle East and Africa Digital Barometer Market

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Small Bowel Enteroscopes Industry reached a significant valuation of US$ 500 Million, expanding at an annual rate of 8 to 9 percent by 2032 |

Global Small Bowel Enteroscopes Industry
Global Small Bowel Enteroscopes Industry

The global small bowel enteroscopes industry is on a trajectory for significant growth, driven by the increasing demand for minimally invasive diagnostic procedures and advancements in technological capabilities. According to a recent report by Future Market Insights (FMI), the market is expected to experience a robust Compound Annual Growth Rate (CAGR) of 8% to 9% from 2022 to 2032. This translates to a projected market size of US$500 million, highlighting the immense potential for continued expansion in the coming decade.

Future Market Insights’ in-depth research of the business models and crucial tactics used by market players provides a deep dive into the dynamics of the Small Bowel Enteroscopes Industry. Moreover, the report provides a holistic overview of market shares held by prominent players, offering valuable insights for industry professionals, investors, and stakeholders.

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Global Small Bowel Enteroscopes Industry Insights

Enteroscopy is an endoscopic examination of the small intestine. Enteroscopy is a widely used procedure for the examination of small bowel. Double-balloon enteroscopy is the first kind of balloon-assisted endoscopy used for the examination of small bowel. After that, single-balloon enteroscopy was introduced as an alternative to the balloon-assisted method. With the advancement in technology, small bowel enteroscopes are being introduced into the market.

Small bowel enteroscopes help the physician to navigate the entire small bowel from either a rectal or oral approach and enable the physicians to perform both therapeutic and diagnostic techniques within the small bowel. A small bowel enteroscope uses an endoscope which when inflated by air expands the small intestine to help the camera get a close view of the sections. With the help of small bowel enteroscopes, gastrointestinal bleeding can be identified. According to one journal, more than 250,000 hospitalizations were recorded annually in the US in 2018 due to gastrointestinal haemorrhage. With an increasing number of cases, small bowel enteroscopes are likely to spur the market.

Global Small Bowel Enteroscopes Industry Dynamics

Small bowel enteroscopes have increased market potential because, unlike other procedures, they can produce high-quality images of the whole gut. Small intestine enteroscopy delivers interventional and visualization therapy throughout the small bowel, and as a result, the adoption rate is projected to rise in the coming years, increasing the market for small bowel enteroscopy.

In addition to this, the increasing prevalence of gastrointestinal bleeding in patients also contributes to the high adoption of small bowel enteroscopes in diagnostics laboratories and hospitals which will spur the growth of the market. Moreover increasing disposable income in developing economies will also contribute to increasing the market of small bowel enteroscopes. However, certain limitations may restrain the growth of the market. The small bowel enteroscopes require skilled professionals to perform the examination so lack of professionals may hamper the growth of the market. In addition to this, small bowel enteroscopes require prolonged time to perform the examination so medical professionals may choose to opt for other examinations. Moreover, the cost is another important factor which again may hinder the growth of the market.

Global Small Bowel Enteroscopes Industry Overview

The small bowel endoscopes market is expected to register significant growth in the market. Small bowel enteroscopy has become a key component in the evaluation and examination of the gastrointestinal tract. Small bowel enteroscopes have been accepted for a wide variety of indications. Manufacturers are currently conducting multiple clinical trials related to other indications with the help of small bowel enteroscopes. Some of the indications that are currently under investigation are Crohn’s disease, Refractory celiac disease, Small bowel obstruction etc. Thus with the advancement in technologies, the global small bowel enteroscopes is likely to anticipate growth in the market.

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Global Small Bowel Enteroscopes Industry: Region-wise Outlook

Based on geography, the global small bowel endoscopes market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan and the Middle East & Africa.

North America is likely to manifest significant growth in the small bowel endoscopes market due to advanced healthcare infrastructure and increase in healthcare expenditure is having a high impact in the overall market.

Global Growth Prospects of Global Small Bowel Enteroscopes Industry: 

Europe market protrudes to have high growth in the market due to the increasing burden of gastrointestinal bleeding and rising costs in healthcare Asia Pacific is also has the potential to stimulate the growth of the small bowel endoscopes market due to high demand for new treatment options and increasing awareness in new technologies seems to drive the small bowel enteroscopy market.

Japan has the potential to grow the overall small bowel enteroscopes market due to advancements in technology and an increase in gastrointestinal diseases. Middle East & Africa have less impact on the overall small bowel endoscopes market due to lack of healthcare infrastructure and low healthcare expenditure may thrive the market.

Global Small Bowel Enteroscopes Industry Key Players

Some of the key players present across the value chain of the global small bowel endoscopes market are Pentax Medical, Olympus Corporation, FUJIFILM Holdings America Corporation.

The report covers an exhaustive analysis on:

  • Segments
  • Markets Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The reports provide an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. This also maps the qualitative impact of various market factors on market segments and geographies.

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Global Small Bowel Enteroscopes Industry: Segmentation

Indication and end-user segment the global small bowel endoscopes market.

The segmentation by indication includes:

  1. Obscure gastrointestinal bleeding
  2. Small bowel tumours
  3. Polyposis syndromes
  4. Dilation of small bowel stenosis

Segmentation by End User

Similarly, the segmentation by end-user comprises:

  1. Hospitals
  2. Clinics
  3. Diagnostics Laboratories
  4. Others

Report Highlights:

In light of the comprehensive analysis, the report showcases:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, along with geographical regions exhibiting promising growth
  • A neutral perspective on market performance

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Tool Holders Industry Projected to Surpass US$ 2,049.5 Million by 2033, Driven by Urbanization, Industrialization, and Government Investments

Urbanization, Industrialization, and Government Investments Propel Tool Holders Market

The tool holders industry is experiencing robust growth, driven by increasing urbanization and industrialization in developing nations such as Germany, France, and the United States. The rising demand for automobiles and significant government investments across various sectors, including automotive, aerospace, defense, and healthcare, are key factors propelling the market. Tool holders are essential for the efficient and secure connection of high-speed tools, valued for their effectiveness, rigidity, and high revolutions per minute (rpm) capabilities. These attributes are anticipated to further stimulate market demand and expansion.

Year Annual Growth Rate (%) Market Value (US$ Million)
2023 5.2% 1,234.5
2033 2,049.5

 

The tool holders market is experiencing significant growth, driven by several key factors:

  • Urbanization and Industrialization: The rapid growth of urbanization and industrialization in developing nations such as Germany, France, and the United States is fueling the demand for automobiles, which in turn is boosting the demand for tool holders and accelerating market expansion.
  • Government Expenditures: Increased government investments are enhancing the demand for tool holders across various industry sectors, including automotive, aerospace, and defense. This trend is also evident in the healthcare sector, which is expanding significantly in countries like the United Kingdom, the United States, and India. For instance, in 2018, the UK government invested US$ 252.9 billion in healthcare, highlighting the sector’s growth.
  • Market Drivers: Tool holders are valued for their highly effective, rigid, and high revolutions per minute (rpm) characteristics, making them indispensable for the efficient and secure connection of high-speed tools such as drills, taps, and milling cutters. This technical advantage is expected to further propel the market demand.

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Attributes Tool Holders Market
CAGR (2023 to 2033) 5.2%
Market Value (2027) US$ 1,512 million
Growth Factor The tool holder market is maturing as a result of an increase in tool holder adoption across a variety of end users, including the automotive, aerospace, defense, and other industries.
Opportunity The demand for tool holders is anticipated to increase as infrastructure projects pick up in developing nations like Brazil, India, and others, which may fuel the market’s expansion.
Key Trends By 2050, more people are expected to live in cities worldwide, which may increase demand for tool holders in the automotive and aerospace industries.

Key Beneficiaries of the Tool Holder Market

General Machining and Fabrication Lead Market Growth:

  • From 2023 to 2033, the general machining and fabrication segment is expected to generate an absolute dollar opportunity exceeding US$ 110 million.
  • This segment, along with the automotive industry, is anticipated to capture a larger market value share and emerge as highly profitable niches.

Diverse Industrial Applications:

  • Tool holders are extensively used in various sectors, including commercial, electronics, computer, communications, medical, home appliance, retail, industrial, and power management industries.
  • In the automotive industry, the demand for tool holders has notably increased due to the need for higher precision and faster growth rates.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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sales@futuremarketinsights.com
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Global Heat Moisture Exchanger Industry is expected to develop at a steady 4% CAGR to reach US$ 398.4 Million By 2032 | FMI

Global Heat Moisture Exchanger Industry
Global Heat Moisture Exchanger Industry

The Global Heat Moisture Exchanger Industry is on a steady growth path, according to a recent analysis by Future Market Insights (FMI). The market is anticipated to experience a consistent Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2032, reflecting a significant rise in demand for these critical medical devices.

This comprehensive research report by FMI provides a clear picture of the HME industry’s trajectory, forecasting a remarkable expansion from an estimated US$269.2 million in 2022 to a staggering US$398.4 million by 2032. The driving force behind this growth is the continuously increasing demand for HMEs across various applications

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Heat Moisture Exchangers are designed to provide effective heat and moisture recovery. These Heat Moisture Exchangers are designed to provide minimal resistance to moving air while producing high moisture to compensate for heat and moisture loss in individuals suffering from breathing and other respiratory issues.

To provide a leak-free seal, all Heat Moisture Exchangers have standard tapered ends. The provision of warm and humid gas through Heat Moisture Exchangers for patients in intensive care units has been recognized as vital, and device makers have implemented numerous approaches to ensure this capability.

Global Heat Moisture Exchanger Industry Dynamics

Heat Moisture Exchangers are generally meant to promote more secure airway respiration in patients who require mechanical breathing or are at risk of aspiration. The introduction of a lightweight, disposable Heat Moisture Exchanger that effectively conserves moisture has improved patient care.

Nowadays, combined Heat Moisture Exchangers and filters are used, which appear to have fulfilled significant duties that would otherwise be lost to the patient with an intubated trachea.

Geriatric population care, respiratory disorders, severe injuries, and therapy have all expanded significantly over the years, resulting in an increased need for Heat Moisture Exchangers. Furthermore, an increase in the implementation of preventive therapy programs is expected to fuel the growth of the Heat Moisture Exchanger market.

On the other hand, rigorous regulation policies in certain countries regarding Heat Moisture Exchanger price, safety, and efficacy are expected to stifle market growth. The use of alternative devices to Heat Moisture Exchangers, such as heated humidifiers, may potentially have an impact on market growth.

Many studies have found that using heated humidifiers to promote airway hydration may reduce the incidence of bacterial infection, however, Heat Moisture Exchanger humidifiers may cause airway blockage. The use of such alternative devices has the potential to drastically modify the Heat Moisture Exchanger market. Ongoing Heat Moisture Exchanger R&D initiatives are expected to create new prospects for growth in the Global Heat Moisture Exchanger Industry.

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Global Heat Moisture Exchanger Industry: Overview

Ongoing research and development operations for respiratory and tracheal devices are expected to create new prospects for the Heat Moisture Exchanger industry. The Heat Moisture Exchanger market expansion in the competitive landscape includes both global and regional manufacturers, making the market extremely competitive.

To maintain their market leadership, Heat Moisture Exchanger manufacturers have implemented innovative strategies for extending their product portfolio and market reach. They are attempting to produce revolutionary Heat Moisture Exchanger goods by aggressively investing in R&D and extending their product footprint in developing countries.

Furthermore, numerous significant Heat Moisture Exchanger manufacturers are making large investments to purchase or integrate small and local enterprises.

Heat Moisture Exchanger Industry: Region-wise Outlook

According to the National Centre for Health Statistics, millions of surgical procedures on admitted inpatients are conducted globally each year, with more than half of them utilizing a Heat Moisture Exchanger during intraoperative and postoperative respiratory support.

According to geography. North America is expected to be the market leader in the worldwide Heat Moisture Exchanger industry. The region’s market will be driven by an increase in the geriatric population necessitating surgical treatments via manner of airway ventilation via Heat Moisture Exchanger.

Europe is predicted to be the next dominant area in the worldwide Heat Moisture Exchanger market, followed by Asia Pacific. Russia is expected to dominate the Heat Moisture Exchanger industry. According to a 2016 Health Ministry report, there has been a substantial increase in the incidence rate of respiratory disease in Russian adults.

During the forecast period, Asia Pacific countries such as China and India are expected to develop at an exponential rate for the Heat Moisture Exchanger.

Global Heat Moisture Exchanger Industry: Key Players

Some of the key players present in the Global Heat Moisture Exchanger Industry include Biopsybell, King Systems, Vadi Medical, Toshiba Air Conditioning, Galemed, Draeger, Pharma Systems AB, Smiths Medical, Sarnova, Intersurgical, Medtronic Teleflex, and others.

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Key Segments Profiled in the Global Heat Moisture Exchanger Industry Survey

By Device Type:

  • Disposable
  • Reusable

By Application:

  • Respiratory Care
  • Geriatric Care
  • Neonatal Care

By End Use:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Digital X-Ray Equipment Industry is expected to grow at a 2.8% CAGR and be worth US$ 9987.5 Million By 2034 | FMI

Global Digital X-Ray Equipment Industry
Global Digital X-Ray Equipment Industry

The Global Digital X-Ray Equipment Industry is on a steady growth path, according to market forecasts. The market, currently valued at an estimated US$7.58 billion in 2024, is projected to experience a Compound Annual Growth Rate (CAGR) of 2.8% over the next decade. This consistent expansion is expected to propel the market to a value of US$9.99 billion by 2034.

The market for digital imaging systems is growing as a result of several factors. Advances in technology, an increase in chronic illness incidence globally, and greater patient awareness of early diagnosis techniques.

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Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their Global Digital X-ray equipment Industry share, and scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments to advance technological advancements in the sector.

What Factors are Influencing the Global Digital X-Ray Equipment Industry?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital X-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with digital X-ray radiations for living tissues.

The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, a rise in the ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to a large number of improved digital X-ray equipment launches where key players are focusing on raising their Global Digital X-ray equipment Industry share.

Moreover, digital X-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

The adoption of digital X-rays is expected to broaden thereby spiking the sales of digital X-ray equipment as digital X-ray equipment is based on the transmission of the X-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Global Digital X-Ray Equipment Industry?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to raise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-ups, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

In this regard, many ongoing research and development programmes have aided various companies to acquire a large Global Digital X-Ray Equipment Industry share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

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Who are the Key Players Involved in the Global Digital X-Ray Equipment Industry?

Some of the key players in the Global Digital X-ray equipment Industry are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, and Agfa-Gevaert N.V. Healthcare.

Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems, and China Resources Holding Medical Equipment Company Limited are some other major Global Digital X-ray equipment Industry players.

The competition in the digital X-ray equipment market is primarily based on technological advances in digital X-ray equipment and the pricing of digital X-ray equipment.

The demand for digital X-ray equipment is largely driven by technological advancements and the cost of digital X-ray equipment.

In addition, to secure a major Global Digital X-Ray Equipment Industry share globally, the key players have engaged in various strategic alliances such as acquisitions, collaborations, and the launch of advanced products.

Key Companies Profiled in the Global Digital X-Ray Equipment Industry

  1. Siemens AG,
  2. Philips Healthcare,
  3. Canon USA Inc.,
  4. Shimadzu Corporation,
  5. GE Healthcare,
  6. Varian Medical Systems,
  7. Agfa-Gevaert
  8. N.V. Healthcare.

Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Global Digital X-Ray Equipment Industry Key Segments:

Applications:

By Technology:

  • Computed Radiography
  • Direct Radiography
  • By Portability:
  • Fixed Systems
  • Portable Systems

By End User:

  • Hospitals
  • Diagnostic Centres
  • Other End Users

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
LinkedInTwitterBlogs | YouTube