Proteomics Market size to reach around US$ 109.4 Billion by the end of 2032 | CAGR of 13.5% | Exclusive Report by FMI

In 2022, the global proteomics market size was estimated to be around US$ 30.8 Billion. Proteomics demand is anticipated to reach US$ 109.4 Billion by the end of 2032, growing at a strong CAGR of 13.5% between 2022 and 2032.

The proteomics market has grown substantially at a healthy CAGR due to growing need for personalized medicine and rising funds for proteomics research. With rapid technological advancement and innovation, proteomics market is expected to grow globally. North America is the largest market for proteomics market and Asia Pacific would be the fastest growing market in the forecast period.

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Proteome is an entire set of proteins which is produced by a system or an organism. It can vary with different time, requirements, stresses, that an organism goes through. Proteomic is a systematic study of proteins on a broader way. Since proteins are the functional units of cells, hence proteomic answers all the questions related to it.

Proteomics research can be enhanced by advances in mass spectrometry and protein and DNA sequence database. Proteomics requires various instruments, equipment’s, reagents, media and software’s for protein identification, quantification and identification of the interaction between proteins.

Proteomics Market: Drivers & Restraints

Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.

Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased. With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.

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Proteomics Market: Regional Outlook

The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.

Proteomics Market: Top Players

Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Proteomics Market: Key Segmentation

By Equipment :

  • Chromatography
  • Mass Spectroscopy
  • Protein Microarray
  • X-ray Crystallography
  • Protein fractionation
  • Others

By Services:

  • Laboratory Service
  • Data Analysis and Services

By Application:

  • Drug discovery
  • Clinical Diagnosis
  • Others

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Oilfield Chemicals Market Size To Reach USD 36,533 Million By 2029 | New Opportunities Planning By FMI

Future Market Insights, in its latest report titled ‘Oilfield Chemicals Market: Global Industry Analysis 2014 – 2021 and Forecast 2022 – 2029,’ offers key insights and analysis of the global oilfield chemicals market. The research study conducts an in-depth analysis and provides key market insights on the oilfield chemicals market for the forecast period (2022–2029).

Based on key insights, the oilfield chemicals market is expected to experience significant demand over the forecast period due to an increase in the number of exploration activities worldwide, owing to an increase in the need for energy across the world. The global oilfield chemicals market is estimated to grow at a CAGR of nearly 4% during the forecast period.

Crude Oil Production and Processing Consumes Voluminous Oilfield Chemicals

The increasing number of exploration projects in the countries of Europe and MEA, such as Russia, Kazakhstan, Saudi Arabia, and several others, is estimated to support the demand for oilfield chemicals. These countries have oil reserves, which, in turn, support the demand for oilfield chemicals.

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Furthermore, APAC is a major market owing to the establishment of new refineries to cater to the growing demand for new units in the country. In addition, the increasing demand for refinery and petrochemical products across various end-use industries is an indication for the future demand for efficient crude oil.

To fulfil the demand for crude oil products, vendors have increased their refinery capacities. Attributing to this, manufacturers of crude oil are focusing on expansions as well as on increasing investments on clean fuel. Moreover, a significant volume of oilfield chemicals is utilized in the production and processing of crude oil.

Oilfield chemical act as the backbone of the refinery sector and oil & gas exploration sector across the globe. To meet this cumulative demand, key players of the oilfield chemicals market are expanding their manufacturing and production facilities to emerging regions, such as India & China, with an aim to reduce the operational cost owing to the abundance of economical raw materials and the availability of low-cost labour and in these regions.

‘Inhibitors’ to Remain Preferred Type of Oilfield Chemicals

  • Segmentation on the basis of product type of oilfield chemicals: The inhibitors segment is projected to lead the global oilfield chemicals market in terms of value, followed by the gas well foamers segment. In terms of growth rate, the H2S scavengers equipment segment is expected to lead the market with an approximate CAGR of 5% over the forecast period
  • Segmentation on the basis of application of oilfield chemicals: The drilling & completion oilfield chemicals segment is projected to lead the oilfield chemicals market by application, and accounts for high demand across the world
  • Segmentation on the basis of terrain type: The onshore segment is estimated to capture a higher market share over the forecast period

Global Oilfield Chemicals Market: Vendors Landscape

The oilfield chemicals market is moderately fragmented owing to the presence of a large number of local and established players. The report provides details of some of the key players in the global oilfield chemicals market, such as Albemarle Corporation, Akzo Nobel N.V., DowDuPont Inc., Baker Hughes, a GE Company LLC, Halliburton Co., BASF SE, Flotek Industries, Inc., Ashland Inc., Schlumberger Limited, Solvay SA, Clariant AG, GEO Drilling Fluids, Inc. Innospec Incorporated, and Chevron Phillips Chemical Company LLC.

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Oilfield Chemicals Market by Category

By Product Type:

  • Inhibitors
  • Lubricants
  • De-Emulsifiers
  • Viscosfiers
  • Gas Well Foamers
  • Biocides
  • H2S Scavengers
  • Others

By Application:

  • Drilling & Completion
  • Cementing Chemicals
  • Stimulation Chemicals
  • Oil Production Chemicals
  • Enhanced Oil Recovery Chemicals

By Terrain Type:

  • Onshore
  • Offshore

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Profitability of Asian Markets for Oilfield Chemicals Continues to Rise

North America is a mature and prominent region with significant demand for oilfield chemicals. Asia Pacific is estimated to emerge as a profitable and high-growth region in the oilfield chemicals market. The demand for oilfield chemicals in these regions is also mainly driven by the rising oil & gas exploration activities in the region.

MEA, Eastern Europe, and Latin America are also projected to be above-average growth regions in terms of volume and value, owing to the presence of already established markets in these regions. The market in the Middle East & Africa (MEA) is expected to experience moderate growth over the forecast period as it is an already established market.

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Neopentyl Glycol (NPG) Market is Reaching US$ 1.93 Billion at a Gracious Rate of 4.6% by the year 2028

Neopentyl glycol (NPG) market is projected to expand at a 4.6% CAGR between 2022 and 2028, totaling a valuation of US$ 1.93 Bn by 2028. Global neopentyl glycol (NPG) market consumption was registered over 680 thousand tons in 2018, which is likely to witness a moderate 4.2% Y-o-Y increase in 2019.

As per the findings of a new research study of Future Market Insights (FMI), neopentyl glycol of technical grade currently accounts for over 95% share in the NPG market and will remain dominant over its pharma-grade counterpart through the course of coming years.

Application in Paints & Coatings Accounts for over 60% of NPG Demand

More than 3/5th of the total consumption of neopentyl glycol is registered by applications in paints and coatings industry, as indicated by the report. In recent years, the use of protective coatings in surface finishing and protection applications has been increasing at a considerable pace, which is in turn favoring the demand for neopentyl glycol for incorporation into coating materials.

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Lubricants and insulation materials are likely to remain the next key application areas for manufacturers of neopentyl glycol and NPG based products. The report also foresees relatively promising opportunities lying in the adhesives and sealants category, over the years to come.

Key Manufacturers Eye Production Capacity Expansion

The global neopentyl glycol market is a fairly consolidated competition landscape, which is currently witnessing a major trend of manufacturing capacity expansion. Apart from BASF-YPC’s highly anticipated 2X NPG production expansion project that will go on-stream by 2020, Oxea GmbH also recently announced the NPG expansion project planned for European base.

Several key players in the market are prominently concentrating on competitive pricing through distribution/supply agreements with regionally leading end use industries.

The report has covered detailed strategic profiles of some of the leading companies in global neopentyl glycol market, including BASF SE, Eastman Chemical Company, MITSUBISHI GAS CHEMICAL COMPANY, INC., OXEA GmbH, Wanhua Chemical Group Co., Ltd., TCI Chemicals (India) Pvt. Ltd., LG Chem Ltd., Perstorp Holding AB, Shandong Dongchen Ind. Group. Corp., Zouping Fenlian Biotech Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd.

Potential as a Sustainability Vehicle to Propel Consumption of Neopentyl Glycol

The overall growth outlook of neopentyl glycol market will remain promising, majorly owing to a rapid legislative shift toward low/non-VOC chemical compounds, across industries worldwide. Neopentyl glycol is being increasingly explored as a phase change material for potential application in LTHS (latent heat storage) devices, which is cited as a significant opportunity for manufacturers.

In addition, to mitigate the challenges associated with extensive usage of PET (polyethylene terephthalate), the role of neopentyl glycol in the chemical recycling of PET is being tested. According to the report, emergence of such innovative applications will uplift the growth prospects of neopentyl glycol market in coming years.

China, with over a third of the total NPG consumption, is forecast to retain the world’s leading neopentyl glycol supplier – further trailed by the US and Germany. China has also been the most prominent consumer of neopentyl glycol over the years and is likely to discover the highest incremental opportunity in long run, which has been attributed to thriving markets of unsaturated polyesters, coatings and lubricants, and plasticizers within China.

On the other side, Western Europe and North America hold a combined share of around 1/3rd of the total neopentyl glycol consumption in the global market.

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Neopentyl Glycol (NPG) Market By Category

Physical Form:

  • Flakes
  • Molten
  • Slurry

Grade:

  • Pharmaceutical Grade
  • Technical Grade

Application:

  • Paints & Coatings
  • Adhesives & Sealants
  • Lubricants
  • Plasticizers
  • Insulation Materials
  • Others

End-Use Industry:

  • Automotive & Transportation
  • Building & Construction
  • Industrial Plant & Equipment
  • Furniture & Interiors
  • Others

Building & Construction Industry to Accommodate Higher Opportunities

While the collective share of NPG consumption by automotive and transportation, and building and construction industries is currently over 75% of the global consumption of neopentyl glycol, FMI’s analysis opines that the latter will accommodate relatively higher opportunistic potential for neopentyl glycol manufacturers.

Moreover, industrial plant and equipment domain is strongly likely to reflect relatively profitable opportunities for the growth of NPG manufacturing companies in the near future. With an approximate share of 3/4th of the total consumption of neopentyl glycol, NPG flakes are highly likely to remain the most preferred form in the global market.

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Neopentyl glycol slurry, though also is a choice of form among several end use industry operators, will continue to reflect a gradual growth outlook in the NPG market. High convenience quotient, easy usability, and low maintenance in terms of transportation and application will remain the key growth influencers for neopentyl glycol flakes in the market.

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Tire Materials Market to Receive Overwhelming Hike USD 100 Billion in Revenues by 2028

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research.

According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires.

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Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires. Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years.

The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities.

Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years. A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion.

Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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Tire Materials Market by Category

By Material Type:

  • Natural Rubber
  • Synthetic Rubber
  • Fillers
  • Process Chemicals
  • Steel Cords
  • Textile Cords

By Tire Types:

  • Solid Tire
  • Pneumatic Tire
  •  Retreated Tires

By Vehicle Types:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Wheelers

East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

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North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

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Synthetic Biology Market will reach a value of US$ 138.8 Bn by 2032 at a CAGR of 24.3% | Get Insights FMI

The global synthetic biology market is expected to be worth US$ 15.8 billion by the end of 2022, and to grow at a CAGR of 24.3% to be worth US$ 138.8 billion by 2032. According to a recent study by Future Market Insights, the oligonucleotides segment by product will lead the market with a share of approximately 43.6% in 2021.

The synthetic biology market is a technology that is currently in high demand in the biotechnology, chemical, and biofuel industries, and their products will soon outnumber those of other industries. There is progress toward making this technology useful in therapeutic areas where society can benefit directly.

The success of synthetic biology in DNA sequencing and synthetic microbes in vaccines, as well as faster and more efficient modular DNA assembly methods, has proven to be a promising market, prompting pharmaceutical and healthcare companies to make significant investments.

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Synthetic Biology is one of humanity’s breakthrough technologies derived from chemistry, biology, computer science, and engineering, which has changed the approach to therapeutics. Its applications range from biofuels to industrial enzymes, vaccine and antibody production, bio-based chemicals, and synthetic biology life science research.

Traditional medicines are being phased out in favour of genetically modified products, DNA sequencing, and DNA synthesis technologies. Though this market has potential, there are risks and hindrances such as government regulations and policies, biosafety and biosecurity issues, and bio-war, but these issues are being addressed by regulatory bodies and research institutions.

With advanced computing and design systems, the synthetic biology market has changed the entire approach to traditional methods of combating newer diseases and genetic challenges.

Synthetic Biology Market: Regional Outlook

Depending on geographic regions, global radiofrequency ablation system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

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Europe is a leading market followed by North America, Europe has invested in developing synthesis of biologically based or biologically inspired systems.

In North America Defense is a major contributor in the investment done in the past years. In Asia, India and China are said to progress in developments over future to be a part of the Synthetic biology market.

The success of this market will depend upon the conversion from basic research to applications which will rise the future opportunities to understand the natural biological systems. Thus the market for synthetic biology is showing no sign for slowing down but managing the future social, ethical and legal responsibilities will lead to innovation.

Synthetic Biology Market: Top Players

The major key players in the synthetic biology market are: Thermo Fisher Scientific Inc., Agilent Technologies, GEN9, Sigma-Aldrich Co. LLC., Amyris Biotechnologies, Epoch Life Science Inc., Gevo Inc., Intrexon Corporation, Sangamo Biosciences and Gingko Bioworks.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

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Synthetic Biology Market: Key Segmentation

By product:

  • Core Products.
  • Synthetic DNA
  • Synthetic Genes
  • Synthetic cells
  • DNA & RNA Purification Kits
  • Recombinant Proteins

By technology:

  • Mutagenesis
  • DNA sequencing
  • Genome engineering

By applications:

  • Pharmaceutical Companies
  • Research Organizations
  • Chemical Industries
  • Universities

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Teeth Whitening Market value is estimated to reach US$ 6.6 Bn in 2022 and is projected to reach US$ 10.7 Bn by the year 2032 end – FMI

As per Future Market Insights’ latest revised industry analysis, the global teeth whitening market was valued at around US$ 6.4 Bn in 2021, and is expected to expand at a CAGR of 4.9% over the forecast period (2022-2032).

Cosmetic dentistry, which includes procedures like tooth replacement, space closure, contouring, and whitening, attracts a lot of interest. Smoking, consuming particular foods, and frequently consuming tea, coffee, and other liquids all cause teeth to become discoloured over time.

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Patients have more options now that allow them to have healthy, naturally white teeth due to advancements in cosmetic dentistry. Because it is both affordable and effective, tooth whitening has become one of the most used cosmetic dentistry procedure globally. These elements have contributed to the expansion of the global teeth whitening market.

About 47.2% of Americans over 30 in the U.S. have periodontal disease, according to the CDC. Additionally, increasing number of dental aesthetic operations has led to the development of new technology in cosmetic dentistry, and the established healthcare infrastructure is substantially supporting market expansion on a global level.

Due to this there are now more licences and permits available on the market for teeth whitening products, which has increased the variety of products available. Enterprises in the market are focusing on obtaining regulatory approvals in order to advance the sector and offer items that adhere to rules.

Thus, the market for teeth whitening will expand due to the growing usage of these products.

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Key Takeaways from Market Study

  • The teeth whitening devices segment accounted for around 0% share of total teeth whitening market in 2021, owing to a rise in the awareness for oral hygiene as well as education of people regarding treatment of periodontal diseases through these devices.
  • The retail sales segment dominates the teeth whitening market with about 0% share in 2021, owed to the increasing need for teeth whitening products.
  • North America accounts for the highest share of 4% of the global teeth whitening market share in 2021, due to the increased incidence of oral cancer cases, increasing influence of social media, and increase in the number of product approvals in this region.
  • Europe is slated to be the second largest region for teeth whitening market, holding a market share of around 2% in the global market, in 2021, owed to the presence of a high number of independent dental practices.

“Increasing incidence of periodontitis and associated diseases, and increasing number of approvals by the regulatory bodies for teeth, are factors set to boost the market over the forecast period,” says an analyst of Future Market Insights.

Market Competition

In order to diversify their product offerings and increase their geographical presence, leading industry participants in the teeth whitening market are concentrating on the development, introduction, and approval of innovative products.

  • American Orthodontics and Ultradent Goods, Inc. established a partnership on February 8, 2021, in which American Orthodontics would exclusively distribute Ultradent’s Opal Orthodontics branded products to orthodontists in the United States.
  • Repair and Protect with Deep Repair toothpaste was introduced by GSK Consumer Healthcare in September 2021 to provide a minty and whitening toothpaste for people who have dentine hypersensitivity.

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Teeth Whitening Market by Category

By Product:

  • Teeth Whitening Gels & Strips
    • Carbamide Peroxide with Potassium Nitrate and Fluoride
    • Carbamide Peroxide
    • Hydrogen Peroxide
  • Teeth Whitening Devices
    • LED Lights
      • Corded LED Lights
      • Cordless LED Lights
    • UV Lights
    • Halogen Lights
  • Oral Care Products
  • Others

By Distribution Channel:

  • Institutional Sales
    • Dental Hospitals
    • Dental Clinics
    • Group Dental Practice
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Hypermarket and Supermarket
    • Online Sales

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About Future Market Insights (FMI) 

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

Contact:

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Rise in Demand for Minimal Invasive Procedures, and Rapidly Aging Global Population are Uplifting the Arthroscopy Visualization Systems Market: Future Market Insights

According to Future Market Insights’ latest industry analysis, the market size for the global arthroscopy visualization systems market is expected to reach US$ 453.8 Mn in 2022. It is projected to exhibit growth at a CAGR of 7.1% over the forecast period, with estimated market size of US$ 902.5 Mn in 2032.

The high demand for arthroscopy visualization systems due to an increase in arthroscopic surgical procedures has resulted in a growth in the demand for new, innovative solutions with distinctive features and USPs. FDA approvals must be obtained in order to guarantee the effectiveness and safety of new products and devices before they are developed and marketed. Therefore, it is anticipated to fuel market expansion in the projected years.

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The major factors driving the market’s expansion are the aging population, which increases the prevalence of musculoskeletal conditions like osteoarthritis and rheumatoid arthritis, technological advancements, and an increase in sports injuries for which arthroscopy procedures can avoid total joint replacements.

According to CDC research, there are around 35 children who pass away in the US every day as a result of sports-related injuries. Children under the age of 19 are disproportionately affected, accounting for 9.2 million of these deaths.

The development of sporting activities has led to an increase in the number of young people participating in sports that cause accidents. According to the National Health Service (NHS), the majority of hip replacement surgeries are performed on patients between the ages of 60 and 80, since the elderly population has grown.

These factors thus present opportunities for the expansion of the overall arthroscopy visualization systems market.

Key Takeaways from Market Study

  • Visualization systems are the leading segment as products, and hold approximately 8% market share in 2021, owing to the growing incidence of chronic illness & joint issues, particularly in the elderly population.
  • Knee arthroscopy is the leading segment as application, and held about 7% market share in 2021, as the market has been driven by the rising incidence of osteoarthritis and the rise in sports-related injuries.
  • Orthopedic clinics are the leading end-users, withholding about 1% of the total segment market share due to the presence of advanced healthcare facilities and patients’ preference for specialty clinics over other healthcare facilities.
  • By region, North America is leading in the global arthroscopy visualization systems market, and is expected to continue to do so with a projected CAGR of 7% during the forecasted years.

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“Increasing prevalence of osteoarthritis, and the technological advancements in arthroscopic visualization, are set to propel the sales of the arthroscopy visualization systems across the globe,” says an analyst of Future Market Insights.

Market Competition                           

In order to stay competitive, key competitors are implementing strategies like new product launches, mergers and acquisitions, partnerships, and collaborations. Manufacturers of arthroscopy visualization systems should benefit financially from the growth of the soft tissue and anterior cruciate ligament repair markets.

  • In February 2022, Stryker Corporation acquired a digital care coordination and communication company called Vocera Communications, Inc. With this acquisition, Stryker is enabled to progress its inventions, speed up its digital ambitions, provide safer patient care, and help clients achieve better results.

Key Companies Profiled:

  • Arthrex, Inc.
  • Stryker Corporation
  • Smith & Nephew Plc.
  • CONMED Corporation
  • KARL STORZ GmbH & Co. KG
  • Olympus Corporation
  • Richard Wolf GmbH
  • Johnson & Johnson

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Key Market Segments Covered In The Arthroscopy Visualization Systems Industry Research

By Product:

  • Arthroscopes
  • Visualization Systems
  • Consumables & Accessories

By Application:

  • Knee Arthroscopy
  • Hip Arthroscopy
  • Shoulder Arthroscopy
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Others

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About Future Market Insights (FMI) 

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

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Synthetic Biology Market will reach a value of US$ 138.8 Bn by 2032 at a CAGR of 24.3% | Future Market Insights

The global synthetic biology market is expected to be worth US$ 15.8 billion by the end of 2022, and to grow at a CAGR of 24.3% to be worth US$ 138.8 billion by 2032. According to a recent study by Future Market Insights, the oligonucleotides segment by product will lead the market with a share of approximately 43.6% in 2021.

The synthetic biology market is a technology that is currently in high demand in the biotechnology, chemical, and biofuel industries, and their products will soon outnumber those of other industries. There is progress toward making this technology useful in therapeutic areas where society can benefit directly.

The success of synthetic biology in DNA sequencing and synthetic microbes in vaccines, as well as faster and more efficient modular DNA assembly methods, has proven to be a promising market, prompting pharmaceutical and healthcare companies to make significant investments.

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Synthetic Biology is one of humanity’s breakthrough technologies derived from chemistry, biology, computer science, and engineering, which has changed the approach to therapeutics. Its applications range from biofuels to industrial enzymes, vaccine and antibody production, bio-based chemicals, and synthetic biology life science research.

Traditional medicines are being phased out in favour of genetically modified products, DNA sequencing, and DNA synthesis technologies. Though this market has potential, there are risks and hindrances such as government regulations and policies, biosafety and biosecurity issues, and bio-war, but these issues are being addressed by regulatory bodies and research institutions.

With advanced computing and design systems, the synthetic biology market has changed the entire approach to traditional methods of combating newer diseases and genetic challenges.

Synthetic Biology Market: Regional Outlook

Depending on geographic regions, global radiofrequency ablation system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

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Europe is a leading market followed by North America, Europe has invested in developing synthesis of biologically based or biologically inspired systems.

In North America Defense is a major contributor in the investment done in the past years. In Asia, India and China are said to progress in developments over future to be a part of the Synthetic biology market.

The success of this market will depend upon the conversion from basic research to applications which will rise the future opportunities to understand the natural biological systems. Thus the market for synthetic biology is showing no sign for slowing down but managing the future social, ethical and legal responsibilities will lead to innovation.

Synthetic Biology Market: Top Players

The major key players in the synthetic biology market are: Thermo Fisher Scientific Inc., Agilent Technologies, GEN9, Sigma-Aldrich Co. LLC., Amyris Biotechnologies, Epoch Life Science Inc., Gevo Inc., Intrexon Corporation, Sangamo Biosciences and Gingko Bioworks.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

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Synthetic Biology Market: Key Segmentation

By product:

  • Core Products.
  • Synthetic DNA
  • Synthetic Genes
  • Synthetic cells
  • DNA & RNA Purification Kits
  • Recombinant Proteins

By technology:

  • Mutagenesis
  • DNA sequencing
  • Genome engineering

By applications:

  • Pharmaceutical Companies
  • Research Organizations
  • Chemical Industries
  • Universities

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About Future Market Insights (FMI) 

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

Contact:

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Molecular Diagnostics Market to grow at a rate of 18% by 2022-2032 | Get Customized Reports

The global molecular diagnostics market is expected to see a CAGR of 18% for forecast period (2022-2032)

Molecular Diagnostics Market Overview

Molecular diagnostics is a method of analyzing and identifying the biological markers in the genome and proteome in order to identify gene expression by applying molecular biology. Molecular diagnostics are used to diagnose disease and risk involved. Molecular Diagnostics helps to decide the therapies are suitable for individual patients.

The new advanced technologies has qualified the instruments in providing accurate results. This ability of the diagnostic tool resulted in increased rate of acceptance of the molecular diagnostics. The concept of personalized medicine has emerged out of molecular diagnostics.

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Molecular Diagnostics Market: Drivers & Restraints

The factors driving molecular diagnostic market are increase in demand for care facilities, favorable regulatory policies which aims at promoting the care diagnosis, acceptance of personalized medicine, development in biomarkers, advancements in proteomics, increasing awareness of the diagnostic procedures. However rising cost of molecular diagnostics, obligation of skilled labors to handle the complexity of instruments are the factors restraining the growth of molecular diagnostics market.

Molecular Diagnostics Market: Overview

The awareness of diagnosis is giving rise to the trend of self-care management. The early diagnosis of disease or disorder helps the patient in getting better treatment and cure. Infectious disease and Oncology is estimated to be the fastest growing application owing to the increased prevalence of cancer and demand for early diagnosis.

The introduction to specific biomarkers for the treatment has a positive impact over the molecular diagnosis market. However maximum use of reagents is estimated owing to their accurate results. Commonly used reagents are salts, formamide, sodium dodecyl sulfate and dextran sulphate heparin. Growing awareness about the prenatal genetic testing for early detection of chromosomal abnormalities during pregnancy has enhanced the use of molecular diagnostics.

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Molecular Diagnostics Market: Region-wise Outlook

Depending on geographic regions, the Global Molecular Diagnostics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. North America is estimated to be the largest player in molecular diagnostic market owing to the technological advancements and innovations, increase in R&D investments by large pharmaceutical and biotechnological industries and demand for early diagnosis.

Asia Pacific is estimated in rising molecular diagnostic market due to increase in the prevalence of diseases such as cardiovascular diseases, infectious diseases and large population suffering from diabetes.

Molecular diagnostics Market: Key Players

Some of the key players identified in the molecular diagnostic market are Abbott laboratories, Becton Dickinson, Novartis, Roche Diagnostics, Johnson and Johnson, Bio-Rad Laboratories, bioMerieux, Danaher Corporation, Qiagen N.V, Siemens Healthcare, Cepheid, Hologic, Inc,.

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Molecular Diagnostics Market: Segmentation

Molecular diagnostic market is classified on the basis of product, technology, application, end use and geography.

Based on product, the global molecular diagnostic market is segmented into the following:

  • Instruments
  • Reagents
  • Others (service and software)

Based on technology, the global molecular diagnostic market is segmented into the following:

  • DNA sequencing
  • Polymerase chain reaction
  • Isothermal Nucleic Acid Amplification Technology
  • Transcription Mediated Amplification (TMA)
  • In situ hybridization
  • Sequencing
  • Microarrays
  • Mass spectrometry
  • DNA sequencing
  • Others (southern blotting, northern blotting, electrophoresis)

Based on application, the global molecular diagnostic market is segmented into following:

  • Cancer
  • Pharmacogenomics
  • Genetic testing
  • Infectious disease
  • Prenatal
  • Neurological disease
  • Cardiovascular disease

Based on end use, the global molecular diagnostic market is segmented into following:

  • Diagnostic laboratories
  • Hospitals
  • Others( nursing home, blood banks, point of care)

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About Future Market Insights (FMI) 

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA
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Regenerative Artificial Skin Market Expected to Witness a CAGR of 9.9% through year 2022-2032

In 2022, the Regenerative Artificial Skin Market is projected to be worth US$2,185.5 million. The entire market demand for regenerating artificial skin is anticipated to reach US$5,615.5 million by 2032, growing at a CAGR of 9.9% between 2022 and 2032.

Regenerative Artificial Skin Market: Overview

Global regenerative artificial skin market is undergoing changes due to the burn management reforms in several nations like United States, United Kingdom and Australia. Furthermore, several companies in the market place increasing their product portfolio in regenerative artificial skin market may change the market dynamics over a given period of forecast.

By material type, sub segment such as engineered skin material in the global regenerative artificial skin market are expected to grow in positive traction owing to its immediate capability composite skin material and success rate in artificial skin regeneration.

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According to The American Burn Association estimated that in 2015, 486,000 population receive medical treatment for minor burns and 70,000 populations are hospitalized for sever skin burn for acute care.

Skin is the biggest organ in the body also it is one of the most important organ in the body. Skin act as a barrier between outside environment and inside body environment. Skin help to maintain moisture level in the body. Skin is responsible for the temperature regulation in the body through sweating. Skin protects body by keeping harmful bacteria outside the body. Skin have many nerve ends, this helps to respond heat, pressure, touch, cold and pain. Skin helps to synthesis Vitamin D, which is required for normal bone and teeth growth. Skin has two-layer epidermal layer and a dermal layer.

The epidermal layer is the outer layer that acts as the body’s major barrier against uncertain conditions. The dermal layer is the layer of skin between the epidermal and the subcutaneous tissues. Accidental skin burns are increasing day by day. Life threatening skin injuries, traumas and burns requires immediate surgical procedure to restore skin and avoid future complications. Skin burn may be due to heat, fire, radiation or chemical. Skin burns are of three levels i.e. 1st, 2nd, and 3rd degree burns. A first degree burn affects the only outer layer of skin cause redness, pain and swelling, a second degree burn effects on the outer layer as well as under skin layer and may extends downward into the dermis. Third degree burn affects the all layer of skins and deep to the internal organs.

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Artificial skin is generally prepared from collagen which is easily resorbed by body helps to generate the new skin on the affected part. Continuous research are carried out by various companies to develop new technology in the artificial skin regeneration, such as autologous spray on skin by Avita Medical.

Regenerative Artificial Skin Market: Drivers and Restraints

Regenerative artificial skin market is expected rise owing to rising incidence of the burns and increased accidents involved fire. Apart from this, increased skin diseases, harmful acid accidents and major body surgeries positively impact regenerative artificial skin market over the forecast period. However regulatory approve of regenerative artificial skin act as hamper the growth of market. Also acceptance by body, sterile product and nutritional supply to regain the natural structure hamper the growth of regenerative artificial skin market.

Regenerative Artificial Skin Market: Region-wise Outlook

Geographically, regenerative artificial skin market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America and Europe will remain key markets for regenerative artificial skin market due to deeper market penetration of the procedures and strong presence of big players in the market. Asia Pacific is anticipated to register positive growth owing to increased cosmetic surgeries and rising incidence of the accidental burns.

Regenerative Artificial Skin Market: Key Players

Some of the key players in the Global regenerative artificial skin market are Integra Life Sciences Corporation, Mylan N.V., Johnson & Johnson Services, Inc. Smith & Nephew and Mallinckrodt plc.

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Regenerative Artificial Skin Market: Segmentation

Global regenerative artificial skin market has been segmented on the basis of material type, end user and region.

Based on the material type, the regenerative artificial skin market is segmented into the following:

  • Temporary skin material
  • Single layer material
  • Bi-layered material
  • Permanent skin material
  • Epidermal skin material
  • Dermal skin material
  • Composite skin material
  • Skin graft
  • Allograft
  • Xenograft
  • Engineered skin material

Based on the end user, the global regenerative artificial skin market is segmented into the following:

  • Hospitals
  • Clinics
  • Burn care centers

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

Contact:

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