Drum Pump Market Report Perspective with Study of Leading Players 2032

The global drum pump market is expected to be valued at US$ 503.6 Million in 2022. Increasing adoption of advanced technology for effectively delivering the drug to the target site is expected to drive overall market growth. The overall demand for Drum Pump is projected to grow at a CAGR of 6.2% between 2022 and 2032, totaling around 921.0 Million by 2032.

According to Future Market Insights, Europe will have an 18.0% market share of the global Drum Pump market by 2022. Due to strong technology adoption and a developing equipment manufacturing industry throughout the region, Europe has a significant market share.

According to IFFFA, the increasing use of manual tools throughout the industry is the primary factor limiting market growth in the area. Germany and the United Kingdom have a significant share of the regional market due to the increasing expansion of food and beverage and specialty chemical producers in the region.

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Drum Pump – Market Dynamics

Growth in demand of the drum pump market is expected to raise muscularly for numerous reasons. One of the significant factors contributes towards the growth of the drum pump is growing demand by the various industry including oil, chemical, milk, and lubricant etc. Industries import and export the liquids in the big container rather than the small container for saving the shipping and transportation cost.

For dispensing the liquid from big container industries prefer drum pump, so it drives the drum pump market positively. It allows speedy transfer of liquid without spillage it is another factor which contribute to the growth of the drum pump market. Moreover, drum pump saves considerable time, resources & manpower for dispensing the liquid and allow flow control at outlet through the ball valve, they also participate in the growth of the drum pump market.

The demand of the drum pump market is expected to witness an above average growth due to increase in the demand for drum pump by various industry.Many industrial fluids being very heavy once they are filled into a drum and barrel. Forgetting the liquid outside the drum or barrel manufacturer use drum pump instead of trying to get the liquid by tipping. High demand of the drum pump is generated by the various industries and it is expected to grow during the forecast period.

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Drum Pump – Market Segmentation

Globally, the drum pump market can be segmented on the basis of product type, by material and by application. On the basis of product type drum pump market is segmented into Electric driven, Hydraulic, Rotary / Manual pump, Pneumatic, and others. On the basis of material type drum pump market is segmented into plastic and metal. The plastic segment is sub-segmented into Chlorinated Polyvinyl Chloride (CPC), Polypropylene (PP), Polyvinylidene Fluoride (PVDF) and others.

The metal segment is sub-segmented into Stainless steel, cast iron, aluminium, and others. On the basis of application type drum pump market is segmented into Petroleum industry, Chemical plants, Food processing plants, Manufacturing plants, Automotive industry, wastewater treatment, laboratories etc.

Drum Pump Market – Regional Outlook

The drum pump market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. North America is anticipated to be the largest market for the drum pump market, primarily driven by manufacturer preference towards drum pump which acts as cost-effective and efficient dispenser tools for variety of liquid. Latin America also has a good presence in the drum pump market.

Furthermore, Eastern Europe followed by the Middle East is anticipated to be the second largest marketfor the drum pump. The recent development in the drum pump market has shifted its production base to the east, especially in Asia, the emerging players from China, India and Middle East have started taking the market share in the drum pump industry.

Drum Pump Market – Key Players

Few of the major players identified across the globe in the drum pump market are Fluidyne Instruments Pvt. Ltd., FLUX, Kecol Pumping Systems Ltd,Iwaki Pumps Australia Pty Ltd, JESSBERGER GnbH, Finish Thompson Inc., Lutz Pumps, Inc, NZ Pump Company Inc, Graco etc.

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

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Switched Reluctance Motors Market Report Perspective with Study of Leading Players 2032

The global switched reluctance motors market size was valued at around US$ 499.3 Mn in 2021 and is expected to surpass a valuation of nearly US$ 950 Mn by 2032, exhibiting a robust CAGR of 6.28% during the forecast period (2022-2032). Rising applications of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, etc. is pushing the demand for switched reluctance motors worldwide.

Electric motors powered by reluctance torque are known as switched reluctance motors. When compared to other motor types, these motors provide higher efficiency, greater reliability, and improved performance.

Because of their simple and robust structure, switched reluctance motors have become ideal motor types for high-speed applications in recent years. They are quickly becoming popular as traction motors in electric and hybrid vehicles. Because of their simple and rugged construction, energy efficiency, and high-speed operation ability, they are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal plows.

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Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

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According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

  • Infineon Technologies AG
  • Nidec SR Drives Ltd.
  • E. KRETZSCHMAR
  • Domel, d.o.o.
  • MACCON
  • Renesas Electronics Corporation
  • Ramco Electric Motors
  • Regal Beloit Corporation

Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

  • Single Phase
  • Double Phase
  • Triple Phase
  • Multi-Phase

By Application:

  • Electromechanical brake system
  • Fuel Pump
  • Electric Power Steering
  • Hybrid/ Electric Vehicles
  • Vacuum Blowers
  • Other

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Solar Microinverter Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2032

Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level.

The demand for solar micro inverters is expected to witness a significant upsurge on account of increase in the number of photovoltaic (PV) installations and the need to improve overall system efficiency and safety. In 2016, the global solar micro inverters market is anticipated to register a y-o-y growth of 11.4% over 2015, and reach US$ 488.2 Mn in terms of market value.

The escalating demand for solar micro inverters will continue to penetrate the market for module-level power electronics, owing to falling prices and upcoming products.

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The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016.

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Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

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Regenerative Artificial Skin Market to grow at a rate of 9.9% between 2022 and 2032 | Get Insights FMI

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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Quadriplegia Treatment Market is projected to expand at a CAGR of 4.7% and gain a revenue worth US$ 2,324.4 Mn by 2032-End

In 2022, the Quadriplegia Treatment Market is anticipated to be worth US$1,468.4 million. The global demand for quadriplegia therapy is anticipated to reach around US$ 2,324.4 Million by 2032, growing at a CAGR of 4.7% between 2022 and 2032.

The demand for quadriplegia treatment will progressively rise, which will provide manufacturers with numerous favourable development opportunities in the near future.

Key Drivers of Quadriplegia Treatment Market

Quadriplegia is caused by spinal cord injury which is caused due to trauma at the base of the neck or skull. Some of the common causes of quadriplegia, otherwise known as tetraplegia are paralysis after any accident, tumors of the spinal cord or other spinal cord diseases. The injury to the spinal cord may cause partial or total limb paralysis.

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According to 2020 data sheet of Spinal Cord Injury Statistics, it was estimated that approximately 17,810 new cases of spinal cord injuries occur every year in the U.S. Some of the reasons for quadriplegia include stroke, vehicular accidents, falls, violence, sports, medical or surgical causes and others.

According to WHO statistics, published in June 2021, 20-50 million people suffer from road traffic accidents every year which lead to non-fatal injuries yet permanent disabilities to them. With the increasing rate of road traffic accidents, the demand for quadriplegia treatment is set to show a positive growth over the forecast period.

Recent technological advancements and various R&D activities in the field of quadriplegia treatment are one of the leading causes which will boost the demand for this market in forthcoming years. There is an increased level of awareness amongst the patients suffering from spinal cord injuries about various treatment options available to improve their quality of life. This is another factor which will propel the demand for various treatments for quadriplegia during the forecast market.

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Electrical Stimulation: Revolutionary Technique that Got Quadriplegic People Back on their Feet.

Electrical stimulators which were originally designed to treat chronic pain helped more than a dozen patients with quadriplegia to wiggle their toes, flex their legs or even walk with support.

This was a revolutionary technique which was conducted in the lab of University of Louisville in Kentucky. Electrical stimulation thus made promising and huge gains for people with paralysis wanting to regain their functionalities. The study was published in July 2019, after which thousands of patients have enrolled in the wait lists for the electrical stimulation technique.

U.S. and Canada Quadriplegia Treatment: Regional Outlook

U.S. and Canada region was found to be the largest market for the diagnosis and treatment of spinal cord injury (SCI). Increasing awareness and advanced technologies are the main drivers of this market. Most of the accidents found that alcohol was one of the most important factors; that is, approximately 25% of spinal cord injuries.

In the United States, the average annual medical cost for treating an acute spinal cord injury has been found to be in the range of $ 15,000 to $ 30,000 per year. All these factors are expected to drive the market growth of quadriplegia treatment market and offer lucrative opportunities for the providers.

Europe Quadriplegia Treatment: Regional Outlook

Europe was observed to be the second largest market, region wise for the quadriplegia treatment industry. Some of the factors contributing to this large market share are the presence of leading research institutes in the region for various neurological disease diagnosis and treatment. Increased awareness regarding various new technologies which help the quadriplegic patients lead a relatively normal life is also another key driver for this industry in Europe.

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Key player of Quadriplegia Treatment Market

Major manufacturers of medications needed to treat quadriplegia are

  • Merck & Co.
  • Sanofi Pharmaceuticals
  • Baxter International
  • Zydus Cadila
  • GlaxoSmithKline
  • AstraZeneca
  • Cipla
  • Johnson & Johnson
  • Bristol Myers Squibb Co.
  • Eli Lily & Co.
  • Teva Pharmaceuticals
  • Takeda Pharmaceutical Co Ltd
  • Hoffmann La Roche
  • Sun Pharmaceuticals.

In November 2020, Pfizer and Mylan announced the merger of Pfizer’s Upjohn generics unit and Mylan. This deal was a part of restructuring drive at Pfizer, which was aimed for stronger foothold in the innovative medicines division of the company.

Key Segments

By Treatment Type:

  • Corticosteroids
  • Non- Steroidal Anti-inflammatory Drugs (NSAIDs)
  • Antidepressants
    • Selective serotonin reuptake inhibitors (SSRIs)
    • Serotonin and norepinephrine reuptake inhibitors (SNRIs)
  • Anticonvulsants
  • Narcotic Analgesics
  • Antispasmodics & Muscle Relaxants
  • Antibiotics

By Route of Administration:

  • Oral
  • Intravenous
  • Others

By Distribution Channel:

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

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

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Ophthalmic Lasers Market is projected to increase from a valuation of US$ 884.3 Mn in 2022 to US$ 1.3 Bn by 2030 | Future Market Insights

The global ophthalmic lasers market is anticipated to grow from a market value of US$ 884.3 Mn in 2022 to US$ 1.3 Bn by 2030, expanding at a moderate CAGR of 5.4%.

Technological advancements have deeply penetrated every facet of the healthcare industry, and the ophthalmic lasers market growth is no exception. Over the years, ophthalmic disorders such as diabetic retinopathy, refractive errors, glaucoma, cataract and age related macular degeneration (AMD) have surged exponentially. This has accelerated demand for advanced surgical procedures.

The introduction of ophthalmic laser surgery has revolutionized ophthalmic care in unprecedented ways. Majority of these technologies are being deployed in cataract surgeries, attributed to the disorder’s widespread prevalence across all continents. Advancements such femtosecond laser surgeries have proven highly instrumental in streamlining ophthalmic procedures, offering lightning speed detection of faulty tissues.

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Ophthalmic Lasers Market

Such reduced detection and treatment timeframes act as major growth catalysts for the global ophthalmic lasers market, which is anticipated to reach a value of US$ 1.3 Bn by 2030.

Consumers have long placed a high importance on keeping good eye health in order to preserve their vision. The market size for ophthalmic laser machines is expanding, providing attractive prospects for ophthalmic laser producers thanks to rising spending on keeping good eye health and rising awareness of various ophthalmic disorders.

Growing consumer desire for minimally invasive laser treatments and the quick expansion of the eye infection treatment market have a significant impact on ophthalmic laser sales.

Ophthalmic lasers are special treatments used to repair damaged corneas and treat disorders that might impair vision, including glaucoma, macular degeneration, and diabetic retinopathy. Due to their safe, precise, and accurate character, they have grown to be highly sought-after goods utilised in surgical treatment for a variety of eye problems.

As diabetes incidence increases globally, there has been a noticeable increase in the number of prevalent ocular problems over the past few years, including cataract, glaucoma, and others. During the projected period, this is anticipated to offer a favourable environment for the leading producers of ophthalmic laser devices.

The market for ophthalmic laser devices is therefore growing as there is a growing preference for safe and efficient techniques like laser vision correction (LVC) to do away with the necessity for glasses or contact lenses.

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During the evaluation period, it is also anticipated that the market for laser therapy equipment would thrive and that the popularity of minimally invasive surgeries will increase.

Ophthalmic laser sales made up around 41% of the US$ 2.0 Billion global market for laser therapy equipment in 2021, according to Future Market Insights (FMI).

Leading producers of ophthalmic lasers are anticipated to spend more on improved product designs and technological advancements in order to offer ophthalmologists cutting-edge products for use in routine ocular procedures. Due to this, demand for ophthalmic laser equipment will increase during the ensuing time.

Ophthalmic Lasers Market- Key Highlights

  • Ophthalmic lasers market shall expand steadily at a CAGR of 5.4% from 2022-2030
  • Cataract surgeries shall account for the majority share of the global ophthalmic lasers market
  • Femtosecond laser surgery to hold maximum sway throughout the forecast period
  • North America shall retain market hegemony, owing to increasing regulatory approvals for laser surgeries by authorities
  • Asia & Europe to contribute nearly identical revenue shares due to rise in surgeries amidst their geriatric population

 “Vendors in the ophthalmic lasers landscape are striving to introduce novel product lines, equipped with multi-frequency selection modes to reduce exposure to intense laser bursts, preventing healthy tissue damage,” infers the FMI analyst.

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Competition Dashboard

Prominent vendors in the ophthalmic lasers market include are ZEISS International, Nidek Inc., Bausch & Lomb Inc., Abbot Laboratories Inc., SCHWIND Eye-Tech Solutions, Ziemer Ophthalmic Systems AG, Novartis AG (Alcon), LENSAR LLC., iVIS Technologies and NKT Photonics A/S. New product launches and collaborations have helped these players acquire firm footing.

In 2018, ZEISS International rolled out its VISUFIT 1000 digital 3D centration data determination and consultation platform, offering a three-dimensional facial reconstruction which enables ophthalmologists perform precise centration processes on patients.

In July 2022, SCHWIND Eye-Tech acquired CE approval for its SCHWIND ATOS femtosecond laser, permitting eye surgeons to incorporate the technology in their SmartSight refractive surgery procedures.

More Insights on the Ophthalmic Lasers Market

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2014-2021 & opportunity assessment for 2022-2030, and delivers a comprehensive assessment of the most important market dynamics. The report provides a balanced, unbiased analysis of the overall market scenario based on product type (excimer lasers and femtosecond lasers), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics), end-user (hospitals, ophthalmology clinics and ambulatory surgical centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Ophthalmic lasers market by Category

By Product:

  • Excimer Lasers
  • Femtosecond Laser

By Application:

  • Refractive Surgery
  • Cataract Surgery
  • Posterior Capsulotomy
  • Trabeculoplasty
  • Diagnostic

By End user:

  • Hospital
    • 500 Bedded+
    • 250-499 Bedded
    • Less than 250
  • Ambulatory Surgical Centers
  • Ophthalmology Clinics

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Excimer and Femtosecond Ophthalmic Lasers Market : size reached US$ 1.02 Bn in 2021 and is expected to touch a valuation of US$ 1.18 Bn by the end of 2022. 

Tattoo Removal Lasers Market : is projected to increase from a valuation of US$ 235.2 Mn in 2022 to US$ 328.5 Mn by 2028.

Ophthalmic Diagnostic Equipment Market : is expected to increase from a valuation of US$ 3.0 Bn in 2022 to US$ 5.1 Bn by 2030.

Ophthalmic Eye Drops Market : Emergence of new pathogens, increasing number of post-operative eye infections and poor eye hygiene are likely to boost the global ophthalmic eye drops market.

Peripheral Vascular Devices Market : is expected to enjoy a valuation of US$ 4.7 Bn by the end of the year 2022, and further expand at a CAGR of 6.6% to reach a valuation of ~US$ 8.9 Bn by the year 2032.

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 8-years.

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Coronary Stents Market to Reach a Revenue of US$ 51.2 Mn During the Forecast Period of 2022-32 | Future Market Insights, Inc.

According to the most recent Future Market Insights (FMI) report, the demand for portable and coronary stents market will increase significantly over the next few years.

The demand for interventional cardiology care is being fuelled by the rising prevalence of coronary artery disease. Angioplasty is the first choice of treatment for patients with long-term CAD.

Over the last few years, companies in the cardiovascular diagnostic segment are making major investments in order to introduce innovative coronary stents to capitalize on lucrative opportunities in the interventional vascular devices market. Also, companies are working on key related issues of drug eluting stents and working on a comprehensive model of drug release from these stents and the subsequent uptake of the drug into arterial tissue.

For instance, in the past recent years, Abbott received FDA approval for its bioresorbable heart stent absorb, making the first-of-its-kind medical device commercially available to treat people with coronary artery disease in the U.S.

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Key Takeaways from Coronary Stents Market Study

  • In terms of raw material, the coronary stents market is expected to witness substantial growth in the next few years. Currently, polymer segment accounts for major share of the global Coronary Stents market.
  • North America has been estimated to dominate the coronary stents market with maximum market share in 2019.
  • The primary trend in the coronary stents market is an increasing number of local manufacturers of coronary stents. Also, growth in interventional cardiology procedures, is an ongoing trend in the coronary stents market.

“Increase in number of cardiac catheterization laboratories and increasing prevalence of cardiovascular diseases are the main factors that will continue to drive the growth of the coronary stents.” says the FMI Analyst.

Increasing Manufacturing Practices across Low Cost Geographies, Boosts the Coronary Stents Market

Transfer of medical device manufacturing practices across low cost geographies such as India, China, South Africa, ASEAN and other Asian countries is expected to fuel growth of the global coronary stents market. Companies offering hospital supplies are targeting price-sensitive geographies through mergers and acquisitions. Leading manufacturers of coronary stents are acquiring domestic players to gain maximum market share in local markets. Moreover, these companies are focusing on low cost product launches in these region owing to large patient pool belonging to the lower middle income group.

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Want more insights?

Coronary Stents Market, a new study from Future Market Insights, provides unparalleled insights on evolution of the Coronary Stents market during 2014 – 2018 and presents demand projections during 2020 – 2026 on the basis of product (drug eluting stents, bare metal stents and bioresorbable vascular stents), raw material (cobalt chromium, stainless steel, platinum-chromium, nickel titanium and polymer), end user (hospitals, public hospitals, private hospitals, ambulatory surgical centers and cardiac catheterization laboratories), across seven prominent regions.

Coronary Stents Market Structure Analysis

Tier I companies in the coronary stents market include

  • Abbot Vascular
  • Medtronic Inc.
  • Terumo Corporation
  • Boston Scientific and few other key players.

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Key Segment

By Raw Material:

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

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

By Region:

  • North America
  • Latin America
  • Brazil
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa (MEA)

By Product:

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

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Non-Vascular Stents Market : is predicted to increase at a CAGR of 4.5%. (2022 – 2032). The industry is anticipated to be worth US$ 1.21 Billion in 2022, rising to US$ 1.9 Billion by 2032.

Aortic Stents Grafts Market : is projected to grow at 4.5% CAGR, reaching a valuation of around 2.8 Bn by 2028.

India Coronary Stent Market : Demand for coronary stents is currently witnessing robust growth in India, mainly due to FDA approval for new stents and increasing number of PCI procedures in hospitals. 

Molecular Diagnostics Market : is projected to have a moderate-paced CAGR of 18% during the forecast period.

Motorized Prosthesis Market : is set to expand its roots at a strong CAGR of 14.4% between 2022 and 2032. The market is anticipated to reach US$ 139.4 Mn by 2032, up from US$ 31.9 Mn in 2022.

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Teleradiology Services Market Size to Grow at CAGR of 21.0% through 2026-end | New Opportunities Planning By Future Market Insights

The global teleradiology services market size is estimated to register a CAGR of 21.0% over the forecast period. The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis.

Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry.

The report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better view of the competitive landscape. It also provides details about the organic and inorganic business approaches undertaken by the key companies in the Teleradiology Services market to offer a holistic overview of the business landscape to the reader.

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It further covers all the relevant aspects of the market to help readers capitalize on the emerging growth opportunities and gain maximum returns on the investments.

Key Highlights From The Report

  • The Hospitals & clinics segment dominated the market with a share of 54.6% in 2019 due to the growing adoption of teleradiology services by the hospitals & Clinics. Due to the pandemic, there is a shortage of radiologists, which have led to the increasing adoption of diagnostic imaging procedures in order to maintain workflow and increase efficiency.
  • The software segment is expected to experience the highest CAGR over the forecast period due to the growing demand for healthcare software to increase data transparency and improve patient outcomes.
  • Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing initiatives of the government to modernize the healthcare infrastructure and growing investments on the R & D for the production of advanced solutions.

Key participants include:

  • Philips Healthcare
  • Teleradiology Solutions
  • USRAD Holdings, Inc.
  • Everlight Radiology
  • MEDNAX, Inc.
  • ONRAD, Inc.
  • AGFA Healthcare
  • RAMSOFT, Inc.
  • Telediagnostic Solutions PVT. LTD.
  • CARESTREAM HEALTH, Inc.

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Market segmentation

By Process Type:

  • Certified Reporting Services Process
  • Preliminary Reporting

By Service Type:

  • Emergency Nighthawk
  • Day Time Coverage
  • Subspecialty Reading
    • Cardiac imaging
    • Neuroradiology
    • Nuclear scans
    • Musculoskeletal studies
  • Second Opinion
  • Clinical Trails

By Modality:

  • X-Ray Scans
  • Computerised Tomograph (CT) Scans
  • MRI Scans
  • Ultrasound Scans
  • Nuclear Scans
  • Cardiac Echo
  • Mammography
  • Electromammography

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By End User:

  • Hospital Pharmacies
  • Clinics
  • Ambulatory Surgical Centres
  • Radiology Centres

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Cardiac Biomarker Diagnostic Test Kits Market : is projected to expand at 5.1% CAGR over the forecast period, from 2022 to 2028.

Cardiac Assist Devices Market : is poised to expand at 5.29% CAGR, reaching US$ 2,062.7 Bn by 2031.

Non-invasive Surgical Wound Closure Market : is estimated to be valued at US$ 2,192.3 billion in 2022. This market is expected to grow at a CAGR of 4.1% over the forecast period (2022-2032) to reach a market size of US$ 3,404.6 billion by 2032

Synthetic Biology Market :  is expected to enjoy a valuation of US$ 15.8 Bn by the end of the year 2022, and further expand at a CAGR of 24.3% to reach a valuation of ~US$ 138.8 Bn by the year 2032.

Critical Care Patient Monitoring Products Market : is expected to grow at a CAGR of 8.6%.

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Positron Emission Tomography (PET) Scanners Market Growth Is Expected To See a growth of 5.1% by year 2031-end | Get Insights FMI

[181 Pages Report] The global positron emission tomography (PET) scanners market growth was valued at over US$ 1.2 Bn in 2021 and is expected to exhibit a CAGR of close to 5.1% over the forecast period.

The concept of PET as a nuclear medicine imaging technology was established in early 1970s. Ever since the technology has evolved into routine clinical imaging modality, revolutionizing the process of diseases diagnosis and management into more effective fashion.

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PET is a molecular imaging technology that detects the concentration and pharmacokinetics of radiotracer molecules that are labelled with radioisotopes. This helps to diagnose and determine the severity of a various diseases such as neurological disorders, cardiovascular disorders, cancer, gastrointestinal and various others.

Based on the operational and geometrical capabilities of PET scanners, the systems are classified as full ring PET systems and partial ring PET systems. Advancements in technological performance of these systems are always associated with higher cost, limiting its widespread utilization in clinical PET imaging.

Rising prevalence of chronic disorders such as cancer and cardiovascular disorders, coupled with greater awareness towards physical wellbeing and limitations of conventional PET scanner is spurring demand for effective diagnostic techniques, thereby augmenting growth of the market.

PET scanners have continued to improve image quality and performance over the last few years. Technological improvements such as managing dose, reduced imaging time and enhanced lesion detectability have increased PET’s functionality, thus making it easier to interpret and diagnose various life-threatening disorders.

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Key Market Segments Covered

By Product:

  • Full-ring PET scanner
  • Partial-ring PET scanner

By Application:

  • Oncology
  • Cardiology
  • Neurology
  • Others

By Detector Type:

  • Bismuth Germanium Oxide (BGO)
  • Lutetium Oxyorthosilicate (LSO)
  • Gadolinium Oxyorthosilicate (GSO)
  • Lutetium Fine Silicate (LFS)
  • Lutetium Yttrium Orthosilicate

By End User:

  • Hospitals
  • Diagnostic Centers
  • PET Centers
  • Research Institute

Key Takeaways:

By product, full-ring PET scanner is expected to hold over 86.2% of the total market share by 2031.

Sales in the oncology segment accounted for over 85.2% of market share in 2020, owing to the increasing incidence of chronic diseases and cancer.

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Based on detector type, demand in the lutetium oxyorthosilicate (LSO) segment to held over 37.3% of market share in 2020.

Hospitals dominate end user segment with a share of around 34.9% in 2020 due to increasing patient inflow after COVID-19 outbreak.

“Ongoing technological advancements in PET scanners, copled with increasing applications in diagnostic centers and research institutes will propel the growth of the market in the forthcoming years” says a FMI analyst.

Who is winning?

Acquisitions, mergers, expansion, and product launches are the key strategies adopted by manufacturers to increase consumer base in different geographies. For instance:

In January 2020, Koninklijke Philips N.V. introduced its advanced solutions called Vereos Digital PET/CT (world’s first and only fully digital, clinically proven, PET/CT solution), an AI-powered solution for precision diagnosis at IRIA 2020.

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General Anesthesia Drugs Market : is expected to enjoy a valuation of US$ 4.7 Bn by the end of the year 2022, and further expand at a CAGR rate of 3.4% to reach a valuation of US$ 6.7 Bn by the year 2032.

Injectable Drugs Market : is expected to reach US$ 531.8 Bn in 2022. Sales in the market will increase at a CAGR of 5.8%, reaching US$ 937.0 Bn by 2032.

Critical Care Patient Monitoring Products Market : is expected to grow at a CAGR of 8.6%.

Cardiac Biomarker Diagnostic Test Kits Market : is projected to expand at 5.1% CAGR over the forecast period, from 2022 to 2028.

Cardiac Assist Devices Market : is poised to expand at 5.29% CAGR, reaching US$ 2,062.7 Bn by 2031.

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 9-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
Browse All Reports: https://www.futuremarketinsights.com/reports
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Ceramic Substrates Market Size, Share 2028: Present Scenario and Growth Prospects

Ceramic Substrates are primarily utilized in the electronic circuits due to their insulating properties. Ceramic substrates are mainly optimized for efficiency, high performance, and flexibility, further they can meet the diesel and gasoline system needs in the heavy-duty as well as light-duty applications.

Ceramic substrates possess high heat capacity as well as high heat conductivity which makes them indispensable in power electronics. The demand for the ceramic substrates is primarily driven by the rising utilization of these substrates as compared to its alternatives available in the market. Further, introduction of emission standards are pushing the vehicle manufacturers to utilize ceramic substrates in the vehicle parts.

There are various types of ceramic substrates available in the market which include aluminium nitride, alumina, silicon nitride, beryllium oxide, etc. However, alumina is an ideal material for the development of thin-film ceramic substrates owing to its properties such as high flexural strength, smooth surface finish, etc.

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Global Ceramic Substrates Market: Dynamics

Demand for the ceramic substrates is primarily related with the advancements and growth in the electronics industry. Nowadays, electronics are based purely on integrated circuits, assembly of various interconnected components such as resistors, transistors are built on small chip of silicon. Thus, to maintain their reliability, circuits are dependent upon the insulating materials that can serve as a substrates.

Thus, owing to insulating properties, they are widely adopted in the electronics industry across the globe, in turn driving the global ceramic substrates market. Another reason attributed to the development of ceramic substrates market has been its application in the automotive industry in form of emission control catalysts which has witnessed a surge in demand owing to mandated regulations on exhaust emissions.

Manufacturers of ceramic substrates are focusing on developing long term relationships with the players in electronics industry to deliver the right and quality materials. Further, manufacturers are offering better quality ceramic substrates for thick as well as thin film technology and are designed to meet customer specific profiles. The aforementioned factors are found to be the key trends in the global ceramic substrates market.

Global Ceramic Substrates Market: Regional Outlook

Considering regions, globally the ceramic substrates market is expected to be dominated by Asia-Pacific region. Asia-Pacific spearheaded by China is expected to grow at significant pace in the global ceramic substrates market supported by growing demand from electronics industry in Japan, India, China and ASEAN Countries.

Asia-Pacific is expected to be followed by North America in the global ceramic substrates market over the forecast years, supported by the rising demand from aerospace and electronics industry. North America is expected to grow at moderate rate in the global ceramic substrates market owing to the comparatively matured end-use industries in the U.S. and Canada. North America is expected to be followed by Europe in the global ceramic substrates market. Latin America and Middle East & Africa are anticipated to grow at slow pace in the global ceramic substrate market over the forecast period.

Global Ceramic Substrates Market: Market Participants

Some of the key players involved in the global Ceramic Substrates market include KYOCERA Corporation, Murata Manufacturing Co., Ltd., CoorsTek Inc., Stanford Advanced Materials, Corning Incorporated, Rogers Corporation, Ceramic Substrates and Components Ltd., NEVZ-CERAMICS, Tong Hsing Electronic Industries, Ltd., TOSHIBA Materials Co., Ltd., and others.

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The global ceramic substrates market is expected to be consolidated in nature, owing to the presence of small number of players in the market across the globe. Key players involved in the manufacturing of ceramic substrate are focusing on introduction of application specific products in order to serve the large customer base.

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on ceramic substrates market segments and geographies.

Global Ceramic Substrates Market: Segmentation

The global Ceramic substrates market can be segmented on the basis of product type, application,

Based on the product type, the global ceramic substrates market can be segmented into

  • Alumina
  • Aluminium Nitride
  • Silicon Nitride
  • Beryllium Oxide

Based on the application, the global ceramic substrates market can be segmented into

  • Electronic Circuit Manufacturing
  • Medical Devices
  • Bearings
  • Metal Working Tools
  • Engine Components

Based on the end-use industry, the global ceramic substrates market can be segmented into

  • Electrical & Electronics
  • Automotive
  • Medical and Healthcare
  • Aerospace
  • Military

About FMI

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

Contact Us:

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