FMI Projection States Global Telescopic Masts Market Size to Cross USD 630.9 Million by 2033, Surging Steadily at 4.8% CAGR

The global telescopic mast market was anticipated to reach USD 394.8 million by 2023. Over the following 10 years, the industry is expected to expand at a CAGR of 4.8%. By the end of 2033, the market is projected to be worth USD 630.9 million. The military and security sector’s rising need for both internal and external use is expected to boost market sales.

The telescopic masts market is projected to appreciate at over USD 630.9 million in 2033, growing at a 4.8% CAGR over the projection period. According to Future Market Insights (FMI), the rising usage of telescopic masts in the military sector is driving the market. Military vehicles are provided with small portable telescopic or pneumatic masts for practical surveillance, which is anticipated to augment the boost in the market.

The increasing development of innovative technologies by manufacturers is expanding sales of pneumatic telescopic masts, thereby fueling sales in international telescopic masts.

Pneumatic telescopic masts are used with the help of air pressure and erect faster than conventional or mechanical telescopic masts, which makes them more popular among end-users.

The growing requirement for telescopic masts from commercial, military, security, municipal and other sectors is anticipated to bolster demand in the telescopic masts market over the forecast period.

“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.

Key Takeaways From the Market Study:

  • By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.
  • Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.
  • By load, demand in the medium-duty segment is set to surge at a 4.3% CAGR over the forecast period.
  • In terms of height, demand in the >15 to 34m segment is expected to reach USD 267.3 Mn by 2032.
  • Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.
  • The German telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.
  • China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.

Competition Landscape:

The global telescopic masts market is moderately consolidated with key players accounting for more than 40% of the market share. Key players are investing in product developments and the expansion of their distribution channels to improve their presence in the market.

Some of the key players in this industry include the RATT, Wilburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others.

Find More Valuable Insights:

The research report analyzes the demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background.

As per Future Market Insights, the market has been analyzed based on product types (push-up masts, hitched masts, integrated mast trailers, push-button masts and cable/belt-driven masts), load (light-duty, medium-duty, and heavy-duty), height (up to 15m, 15-34m, and 34 to 50m), end-use (commercial, military, security, and municipal) and region. The report provides qualitative and quantitative information on various players in this market.

Global Telescopic Masts Market by Category:

By Product Type:

  • Push-up Masts
  • Hitched Masts
  • Integrated Mast Trailer
  • Push Button Masts
  • Cable/Belt Driven

By Load:

  • Light Duty (Up to 45kg)
  • Medium Duty (45 to 120kg)
  • Heavy Duty (Above 120kg)

By Height:

  • Up to 15m
  • >15 to 34m
  • >34 to 50m

By End Use:

  • Commercial
  • Military
  • Security
  • Municipal
  • Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Reveals Global Shot Blasting Machine Market Share to Drive Past USD 1,977.2 Million by 2033, Growing at 5.1% CAGR

The global shot blasting machine market size is projected to exhibit incredible growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of USD 1,202.4 million in 2023. It is anticipated to hit a valuation of USD 1,977.2 million by 2033. The market is estimated to showcase a remarkable CAGR of 5.1% from 2023 to 2033.

It is anticipated that rising demand from the automotive industry is likely to accelerate market shot blasting machine market growth. The market size in Asia Pacific is expected to expand due to rising electric vehicle sales and the expanding automotive industry. Additionally, the rising infrastructure projects and construction activities across nations such as India, Japan, China, and South Korea support market expansion. Construction and infrastructure development projects are becoming more prevalent in emerging countries. It is projected that this trend is likely to expand the use of shot-blasting machines. The rapid development of residential and commercial buildings in Asia Pacific countries is slated to accelerate market expansion.

Key Takeaways from Shot Blasting Machine Market:

  • The global shot blasting machine market expanded at a modest CAGR of 2.7% from 2017 to 2022.
  • In 2017, the global market size stood at USD 1,021.9 million.
  • In 2022, the global market size accounted for USD 1,170.2 million in 2022.
  • The wheel blasting segment captured a whopping 67.8% market share in 2022.
  • In 2022, the automotive end-use segment captured a staggering 23.5% market share.
  • In 2022, the United States shot blasting machine market captured 15.6% global market share.
  • In 2022, the United Kingdom shot blasting machine market captured a 4.0% global market share.
  • In 2022, India shot blasting machine market gained a 6.3% global market share.

Recent Developments Observed by FMI:

  • In January 2022, Rösler Oberflächentechnik GmbH unveiled a brand-new shot blasting machine with two extremely effective Gamma 300G turbines. Each turbine has an installed output of 11 kW. Short cycle times are ensured by this. The Gamma 300G turbines have specially created, curved throwing blades that produce up to 20% more blast performance than standard turbines.
  • In Germany’s Rösler Customer Experience Centre, DLyte PRO500 was implemented by GPAINNOVA in December 2021. With this acquisition, Rösler now has access to one of the most cutting-edge, adaptable, and potent dry electropolishing machines in Germany.
  • Wheelabrator purchased Tunnel Hill Partners in March 2021 and changed the business name to WIN Waste Innovation. The strategic merger aims to give American consumers access to vital services.

Market Segmentation:

By Product Type:

  • Wheel Blasting (Hanger Type, Roller Conveyor, Tumblast, Others)
  • Air Blasting (Cabinet Type, Table Type, Frame Type, Others)

By Automation:

  • Semi-Automatic
  • Automatic

By End-use:

  • Aerospace
  • Automotive
  • Construction
  • Foundry
  • Ship Building
  • Rail
  • Others

By Region:

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

Browse More Information Regarding Detailed Analysis of Regional Market:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Resin Capsule Market: Driving Innovations in Anchoring and Reinforcement Solutions for Construction and Mining

Resin Capsule Market
Resin Capsule Market

 

The resin capsule market is anticipated to be valued at USD 1.3 billion by 2024. The market valuation is estimated to be USD 2.1 billion by 2034, projected at a CAGR of 5.2%. The market is a thriving sector that provides innovative anchoring and reinforcement solutions primarily utilized in the construction, mining, and tunneling industries. Resin capsules are pre-measured quantities of resin enclosed in a sealed container designed to be inserted into drill holes, where they subsequently cure and form a robust bond with surrounding materials.

One key advantage of resin capsules is their quick and efficient installation process, which significantly reduces project timelines and labor costs compared to traditional anchoring methods. Resin capsules boast high load-bearing capacity and resistance to various environmental factors, making them ideal for use in demanding applications. The demand for resin capsules is primarily driven by the global surge in infrastructure development projects, particularly in regions with extensive construction and mining activities.

Rapid urbanization, population growth, and increasing infrastructure investment further fuel the market’s growth trajectory. Stringent safety regulations and the need for reliable anchoring solutions in hazardous environments contribute to the market’s expansion. Innovation plays a crucial role in shaping the resin capsule landscape, with key players continuously striving to enhance product performance, safety standards, and environmental sustainability.

Advancements in resin formulation technologies and developing eco-friendly and non-toxic alternatives are driving the market forward. Strategic collaborations, mergers, and acquisitions among industry players contribute to market consolidation and foster innovation.

Key Takeaways from the Market Study

  • Based on catalyst type, the organic peroxide is projected to expand at 5.1% CAGR by 2034.
  • China is estimated to register at a CAGR of 6.1% by 2034.
  • South Korea experiences significant growth, projected at a CAGR of 6.3% by 2034.
  • Based on resin type, polyester is anticipated to expand at a CAGR of 5% by 2034.

“The increasing demand for construction and infrastructure projects worldwide serves as a significant driver for the resin capsule market,” says an Analyst at Future Market Insights (FMI).

Competitive Landscape

The competitive landscape of the resin capsule market is characterized by the presence of several key players vying for market share. These companies compete based on product quality, technological innovation, pricing strategies, and geographical presence.

Strategic partnerships, mergers, and acquisitions play a significant role in shaping the competitive dynamics of the market, with players continually seeking to enhance their offerings and expand their market reach.

Dive Deep into the Full Report for a Complete Analysis!

Leading Players in the Resin Capsule Industry

  • Sika AG
  • Barnes Group Inc.
  • Orica Limited
  • DYWIDAG-Systems International
  • Bohle AG
  • Rawlplug
  • Sormat OY
  • Arkema SA
  • Fischer Holding GmbH & CO.
  • Hexion Inc.
  • Koelner Rawlplug IP

More Valuable Insights Available

Future Market Insights offers an unbiased global resin capsule market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the resin capsule market is segmented based on Catalyst Type (Organic peroxide, Water-based, Oil-based), Resin Type (Polyester, Epoxy, Acrylic, Others), End-use Industry (Construction, Mining, Manufacturing, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Europe Water Pumps Market Value Projected to Reach USD 98.6 Billion by 2033, Surging Steadily at 4.3% CAGR | FMI Analysis

According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of USD 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of USD 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in the region.

The Europe water pumps market is experiencing widespread adoption, driven by its capacity to operate with high adaptability while efficiently pumping low-viscosity fluids at cost-effective rates. The availability of submersible pumps in various shapes and sizes offers end users the flexibility to make purchases tailored to their specific requirements.

Within the operational segment, the water supply category is anticipated to witness a notable growth rate in the Europe water pumps market in the coming years. This growth can be attributed to the extensive application scope of water supply pumps, encompassing activities such as rainwater harvesting and groundwater intake.

The ongoing trend of rural-to-urban migration, driven by job opportunities and aspirations for improved living standards, is contributing to the increasing demand for water pumps. Furthermore, the active involvement of European governments in infrastructural development initiatives is acting as a catalyst for the rapid expansion of the Europe water pumps marketTop of Form.

Key Takeaways from the Market Study:

  • Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022
  • Germany market for Europe water pumps market is likely to have a market share of 17.2%
  • Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.
  • Europe water pumps market recorded USD 63.2 billion in 2022.
  • Europe water pumps market to expand at over 3.6 % CAGR through 2031.
  • Market for water pumps in Germany is expected to create an absolute dollar opportunity of USD 446.4 million during the forecast period.
  • Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.
  • Water pumps market in the United Kingdom is expected to have a market share of 7.89%.
  • The United Kingdom is expected to create an absolute dollar opportunity of USD 269.4 million during the forecasted period.
  • Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.
  • China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.
  • China holds a share of 6.75% of the market.
  • Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.
  • Industrial water pumps are estimated to expand at a value of 4.49%.

“Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market”, comments a Future Market Insights Analyst.

Competitive Landscape:

Some of the Leading Players Operating in the Global Market are:

  • Xylem Inc
  • Grundfos Holding A/S
  • Flowserve Corporation
  • Andritz Group
  • Ebara Corporation
  • KSB AG
  • Sulzer Ltd
  • Gorman Rupp Co.
  • Franklin Electric
  • ITT Inc

Important Developments by Key Players:

  • In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.
  • In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.

Key Segmentation of Europe Water Pumps Market:

By Capacity:

  • Upto 2HP
  • 2-5 HP
  • 5-10 HP
  • 10-15 HP
  • 15-20 HP
  • 20-30 HP
  • Above 30 HP

By Product Type:

  • Centrifugal Pump
  • Single Stage
  • Multi-Stage
  • Axial & Mixed Flow
  • Submersible
  • Circulator
  • Positive Displacement
    • Reciprocating
    • Rotary

By End Use Sector:

  • Centrifugal Pump
    • Domestic
    • Agriculture & Irrigation
    • Mining
    • Water & Wastewater
    • Oil & Gas
    • Other Industrial
  • Positive Displacement
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Pulp & Paper
    • Power
    • Other Industrial

By Country:

  • Germany
  • Italy
  • France
  • The United Kingdom
  • Spain
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

Browse More Information about the Industry:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Barrett’s Esophagus with Dysplasia Treatment Market to Reach USD 7.54 Million by 2033 at a 5.3% of CAGR Amid Rising Focus on Cancer Prevention

Global Barrett's Esophagus with Dysplasia Treatment Market
Global Barrett’s Esophagus with Dysplasia Treatment Market

The global Barrett’s esophagus with dysplasia treatment market is poised for growth, projected to increase from a valuation of USD 4.5 million in 2023 to approximately USD 7.54 million by 2033. This expansion, expected at a CAGR of 5.3% from 2023 to 2033, is driven by a rising prevalence of Barrett’s esophagus (BE) and the critical need for early intervention to prevent progression to esophageal cancer. From 2018 to 2022, the market registered a steady CAGR of 3.2%, underscoring the growing demand for effective management of BE with dysplasia.

Barrett’s esophagus is a condition characterized by changes in the lining of the esophagus, making it more similar to intestinal lining and increasing cancer risk. Dysplasia, often a precursor to esophageal cancer, makes timely intervention essential. The market for treating BE with dysplasia includes a range of medical therapies and procedures aimed at preventing cancer and improving long-term patient outcomes.

With advancements in diagnostics and treatment methods, the market for Barrett’s esophagus with dysplasia treatment is set to offer improved options for patients and healthcare providers, enhancing preventative care and quality of life for individuals at risk of esophageal cancer.

What are the Challenges Faced by Barrett’s Esophagus with Dysplasia Treatment Market?

Expensive Cost of Treatment to restrict Market Growth

The cost of treatment for Barrett’s esophagus with dysplasia can be high, particularly for advanced cases that require more invasive procedures. This can make it difficult for some patients to afford treatment, which can limit market growth.

Additionally, despite increasing awareness of Barrett’s esophagus with dysplasia, there is still a lack of knowledge and understanding about the condition among the general population. This can lead to delays in diagnosis and treatment, which can impact the growth of the market.

Moreover, the regulatory requirements for approval of new treatments for Barrett’s esophagus with dysplasia can be stringent, which can limit the number of treatments that make it to market. This can impact the availability of new and innovative treatments for patients.

Market Competition

Key players in the market include companies such as Competition Deep Dive, GlaxoSmithKline plc, Novartis AG, Bayer AG, Eli Lilly and Company, Merck & Co., In, AstraZeneca, Johnson & Johnson Private Limited, Cipla Inc., Abbott, AbbVie Inc., along with healthcare providers and technology companies among other global players.

  • In August 2022, the American College of Gastroenterology released new guidelines for Barrett’s esophagus, which suggest expanding the screening methods beyond endoscopic procedures, increasing the frequency of surveillance for short-segment Barrett’s esophagus, and implementing volume criteria for endoscopic therapy centers.
  • These guidelines were developed by a team of researchers from the University of North Carolina at Chapel Hill, and cover the definition and diagnosis of Barrett’s esophagus, screenings for esophageal adenocarcinoma, surveillance for known Barrett’s esophagus, and medical and endoscopic treatments for Barrett’s esophagus and early neoplasia.
  • The authors emphasize that these guidelines should be used as a support for clinical practice and that healthcare providers should take into account patient-specific medical conditions, health status, and preferences to provide patient-centered care.

Key Companies Profiled

  • GSK Plc.
  • Novartis AG
  • Bayer AG
  • Eli Lilly and Company
  • Merck & Co. Inc.
  • AstraZeneca
  • Johnson & Johnson Private Limited
  • Cipla Inc.
  • Abbott
  • AbbVie Inc.

A Full Report Overview

Key Segments Profiled in the Barrett’s Esophagus with Dysplasia Treatment Industry Survey

Type:

  • Low Grade Dysplasia
  • High Grade Dysplasia

Treatment:

  • Endoscopic Resection
  • Radiofrequency Ablation
  • Esophagectomy
  • Photodynamic Therapy
  • Cryotherapy

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

FMI States Global Magnetic Drive Pump Market Forecasted to Reach USD 1,251 Million by 2033, Growing at an Average 6.4% CAGR

According to a Future Market Insights (FMI) report, the magnetic drive pump market size to reach a valuation of USD 672.5 Million in 2023. Future Market Insights reports say that the market is expected to grow at a 6.4% CAGR from 2023 to 2033, anticipated to be valued at USD 1,251 Million by the end of 2033.

Growth in the market is driven by the rise in demand for energy-efficient technologies and rapid industrialization. Growth in the usage of centrifugal magnetic drive pumps across sectors such as chemical and pharmaceutical will tend to uplift the market.

An increase in the number of water treatment projects, especially in developing and approaching economies will fuel the sales of centrifugal magnetic drive pumps. Magnetic drive pump industry will also involve wider expansion as the Implication of recycling water rises worldwide.

Industries are interested in investing largely in new technologies by environmental agencies for example the Pollution Control Agency and the Environmental Protection Agency i.e., used in the limitation of the emissions of pollution which will largely continue to raise demand for magnetic drive pumps.

Magnetic drive pumps are broadly used in pharmaceutical and chemical industries because of their safety, reliability, and leak-proof features. Future Market Insights (FMI) says that the pharmaceuticals segment is anticipated to hold more than one-fifth of the market value share. Magnetic drive pumps are thus used in the pharmaceutical industry for applications where rigorous and contagious control is critical as they are also considered suitable for pharmaceutical applications that require high accuracy and consisting of dosing and metering.

Key Takeaways from the Market Study:

  • Sales of magnetic drive pump market expanded at a CAGR of 4.67% from 2018 to 2022.
  • The European magnetic drive pump industry is likely to have a market share of 24.2%.
  • Asia Pacific is said to have a growth in the market with a CAGR of 5.2% during the forecast period.
  • China is anticipated to remain one of the most lucrative markets in East Asia, accounting for 42.2% of the market share in the forecast.
  • Growth in the magnetic pump market in the United Kingdom is anticipated to rise at a CAGR of 4.23%.
  • India’s magnetic drive pump market will capture over 31.1% of the total market share in the South Asia Pacific.
  • Chemical manufacturing application segment accounts for 13.4% of the global market share.

“As the magnetic drive pump market navigates through challenges posed by stringent pollution regulatory policies, a silver lining emerges with the steadfast rise and growth of the chemical sector. These contrasting dynamics shape the landscape for magnetic drive pump manufacturers, as they find themselves at the crossroads of compliance and opportunity.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Some of the prominent players in the global market are as follows –

  • Ebara Corporation
  • Flowserve Corporation
  • Kirloskar Brothers Limited
  • ITT Goulds Pumps Inc.
  • Iwaki Co Ltd.
  • Klaus Union
  • March Manufacturing
  • Ruhrpumpen Inc.
  • Sundyne LLC
  • Xylem Inc.
  • PRECISION ENGINEERING CO.
  • Grosvenor Worldwide Private Limited
  • GCA Energy
  • Magnatex Pumps, Inc.
  • Grundfos
  • TEIKOKU ELECTRIC MFG. CO., LTD.
  • ELEPON E.C.A.P. Corporation
  • NIKKISO EIKO Co., Ltd.

Some of the Important Developments of the Key Players in the Market are:

  • In January 2023, Kirloskar Brothers Limited (KBL) launched its latest product, the Vertical Inline Long Coupled “KW-LC” Pumps, expanding its ever-growing portfolio in the Heating, Ventilation, and Air-Conditioning (HVAC) segment. The KW-LC pump is a space-saving, vertical, long-coupled design that simplifies piping and has a compact structure.
  • In May 2023, Kirloskar Brothers Limited launched yet another advanced pump series- ‘AQUA TORRENT-10 FCL’. The pump offers a high suction lift and best-in-class performance and comes with an energy-saving design. AQUA TORRENT-10 FCL is available in a single-phase, 1.0 HP monobloc pump offering an array of advanced features Its Cathodic Electro Deposition (CED) coating ensures corrosion resistance, and the dynamically balanced rotating parts provide minimum vibrations, reducing the chances of operational damage. AQUA TORRENT-10 FCL is the perfect choice for domestic applications like overhead tank filling, water supply to gardens and fountains, feed water & RO plants, construction sites, hotels, construction sites, and lawn sprinklers and car washing.

Magnetic Drive Pump Industry Segmentation Analysis:

By Pump Type:

  • Centrifugal Pumps
  • Positive Displacement Pumps

By Flow Rate:

  • Up to 80 m3/hr
  • Above 501 m3/hr

By Casting Material:

  • Stainless Steel
  • Alloy

By Application:

  • Mining
  • Chemical Manufacturing
  • Processing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Tower Crane Rental Market Projected to Exceed USD 12.8 Billion by 2033, Growing Steadily at a CAGR of 5.8% | FMI Analysis

Projections indicate that the global tower crane rental market is set to achieve a substantial valuation of approximately USD 7.3 billion by the year 2023. This upward trajectory is primarily fueled by the escalating demand for tower crane rentals across a broad spectrum of end-use industries. Looking ahead, it is anticipated that the market will maintain its upward trajectory over the next decade, reaching an estimated value of USD 12.8 billion by 2033. This growth trend is expected to demonstrate a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2033.

Anticipated in the near future is a substantial upswing in market growth driven by several key factors. Chief among these is the increasing adoption of tower crane rentals across a diverse array of end-user segments. This trend is further accentuated by a surge in infrastructure projects aimed at modernization and expansion, serving as a pivotal catalyst for the expansion of the market.

An noteworthy trend is the expanding utilization of tower crane rentals within the mining industry, showcasing their versatility in handling and unloading heavy materials. This diversification in usage within the mining sector is expected to play a crucial role in boosting overall sales and fostering market growth.

In recent years, the significant surge in urbanization and the rapid migration of populations from rural to urban areas have contributed substantially to the rise in construction activities. This upward trajectory in construction is further bolstered by an increasing demand for rental services in the realm of tower crane technology, driven by notable technological advancements.

Modern tower cranes now feature a range of advanced attributes, including enhanced lifting capacities, robust safety systems, precise control mechanisms, and energy-efficient operations. These cutting-edge features have collectively heightened the demand for tower crane rentals, with projections indicating a sustained upward trajectory during the forecast period.

The North American market emerges as a prominent player in the global tower crane rental industry, attributed to robust construction activities in the region. The proliferation of development projects in urban and metropolitan areas has generated a compelling demand for tower crane rentals, fostering market expansion.

Simultaneously, the Asia Pacific region is experiencing rapid growth in construction and infrastructure development, resulting in a strong demand for tower crane rentals. The substantial increase in construction activities observed in countries such as China, India, and Japan has significantly fueled the need for tower crane rental services, solidifying the Asia Pacific region’s pivotal role in this market.

Key Takeaways from the Market Study

  • From 2018 to 2022, the tower crane rental market demand expanded at a CAGR of 5.2%
  • Based on design type, the top-slewing segment accounts for a CAGR of 5.7%
  • By application, the construction segment is expected to expand at a CAGR of 5.6% during the forecast period
  • North America to emerge as a promising tower crane rental market, capturing a CAGR of 5.7%
  • The tower crane rental industry in the United Kingdom is predicted to reach USD 8.7billion by 2033
  • Asia Pacific to be an opportunistic tower crane rental market, expected to capture a CAGR of 5.5% during the forecast period.
  • South Korea’s tower crane rental industry is predicted to achieve a market revenue of USD 7.4billion by 2033.

Competitive Landscape:

The global tower crane rental market is fragmented with the presence of several large and medium-scale players. The leading players in the market are investing in strategic agreements in order to capture market share.

Prominent players in the tower crane rental market are:

  • Konecranes
  • Liebherr
  • Mammoet
  • Maxim Crane Works, L.P.
  • Morrow Equipment Company
  • Morwest Crane & Services
  • Bigge Crane and Rigging Co
  • Stafford Crane Group
  • Leavitt Cranes
  • Value (USD Million)ed Crane & Rigging
  • Locabens Equipamentos
  • Grumont Equipamentos Ltda
  • JASO Group
  • Arcomet
  • WOLFFKRAN International AG
  • Uperio Group
  • Al Faris
  • KAR Group
  • CC Crane Hire
  • Industrial Leasing Corporation

Global Tower Crane Rental Market by Category:

By Lifting Capacity:

  • Up to 5 Tons
  • 5 – 10 Tons
  • 10 – 20 Tons
  • 20 – 50 Tons
  • Above 50 Tons

By Product Type:

  • Self-Erecting
  • Hammerhead Crane
  • Luffing Jib Tower Crane
  • Mobile Tower Crane

By Design Type:

  • Top Slewing Tower Crane

Bottom Slewing Tower Crane

By Vendor Type:

  • Original Equipment Manufacturer (OEM)
  • Independent Service Provider

By Applications:

  • Building and Construction
    • Residential and Commercial
    • Industrial
    • Civic Infrastructure
  • Marine and Sea Ports
  • Mining
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia

Browse Detail Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Mobile Hotspot Router Market is Expected to Generate US$ 29,550.0 Million by 2032: Future Market Insights, Inc.

Mobile Hotspot Router Market

At a compound annual growth rate of 16.6%, the market for mobile hotspot routers is projected to reach US$ 6,369.5 million in 2022 and US$ 29,550 million by 2032. The increase is linked to the growing use of Internet of Things applications. The market for mobile hotspot routers grew at a 14.6% CAGR between 2016 and 2021.

Due to recent advancements in wireless standards and the growing need for mobile broadband services, the demand for mobile hotspot routers is developing rapidly on the global market. A mobile hotspot router is a device that connects to the Internet using 3G or 4G LTE services and shares a wireless network connection with other Wi-Fi compatible devices.

Global Mobile Hotspot Router Market: Market Dynamics

Increasing demand for wireless broadband, increasing smartphone users, growing awareness on “pay as you go” business model are the key factors contribute the growth of mobile hotspot router market globally. Increasing business travelers, expanding Wi-Fi enabled smart devices, growing trend on including Wi-Fi access in transportation services and increasing adoption to long-term evolution (LTE) services are further accelerates the demand for mobile hotspot router market globally.

Also, increasing preference for online services, and continuous investment in communication infrastructure are expected to fuel the growth of global mobile hotspot router market. However, limited Wi-Fi signal range, security, issues related to authentication, network performance and increasing availability of public hotspots are identified as the restraints likely to deter the progression of mobile hotspot router market globally.

Global Mobile Hotspot Router Market: Regional Outlook

Global mobile hotspot router market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific. Asia Pacific is expected to dominate the global mobile hotspot router market due to expanding internet users, adoption to long-term evolution (LTE) services and smartphone penetration.

Global Mobile Hotspot Router Market: Competition Landscape

The key vendors in the Global Mobile Hotspot Router Market, include Huawei Technologies Co., Ltd., Novatel Wireless, Inc., NETGEAR, TP-Link Technologies Co., Ltd., Belkin International, Inc., Internet on the Go, Karma Mobility, Inc., D-Link Corporation and XCom Global, Inc. Collaborating with the service providers is the key strategy followed by major players  to gain competitive edge.

The report covers exhaustive analysis on

  • Global Mobile Hotspot Router Market Segments
  • Global Mobile Hotspot Router Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Global Mobile Hotspot Router Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Global Mobile Hotspot Router Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology

Regional analysis for Global Mobile Hotspot Router Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa

Request a Sample of this Report :
https://www.futuremarketinsights.com/reports/sample/rep-gb-2015

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Study Reveals Glass Reactor Market Shows 5.9% CAGR Growth by 2034, Leading to a Projected Value of USD 1,826.5 Million

The global glass reactors market is poised for substantial growth, with an estimated valuation of USD 967.4 Million in 2024, advancing to USD 1,826.5 Million by 2034. This trajectory reflects a robust compound annual expansion of 5.9% over the forecast horizon. In 2023, the sector generated USD 913.1 Million in revenue, setting the stage for a projected 6% year-over-year increase in 2024.

Glass reactors are favored for their chemical resistance, visibility, and ability to handle a wide range of temperatures and pressures. The market is benefiting from the rising demand for advanced research and development processes, increased investment in pharmaceuticals, and the growing emphasis on sustainable and safe chemical processing. Technological advancements and the expansion of end-use industries are expected to further propel market growth.

The glass reactor market is experiencing steady growth, driven by increasing demand from the chemical, pharmaceutical, and biotechnology sectors. These industries are increasingly relying on glass reactors for various processes due to their superior resistance to chemicals, transparency for process monitoring, and durability. The rise in research and development activities, particularly in drug development and chemical synthesis, further fuels the demand. Additionally, the trend towards sustainable and safe chemical processing practices is pushing manufacturers to adopt glass reactors, thus boosting market expansion.

The rise in R&D activities, especially in drug development and specialty chemicals, is a key growth factor. Additionally, the trend towards sustainable and green chemistry practices, requiring efficient and corrosion-resistant equipment like glass reactors, further fuels market expansion. Technological advancements and the need for high purity and transparency in processes also contribute significantly to the market’s rapid development.

Key Takeaways from Report:

  • In 2024, the 30 to 60-liter segment dominates the glass reactor market, accounting for approximately 4% of total revenue.
  • The chemical process industries are set to dominate the glass reactor market, reaching USD 521.8 Million by 2034 with a projected CAGR of 3%.
  • Kingdom of Saudi Arabia to witness high growth rate of 8% CAGR in glass reactor market during forecast period 2024 to 2034.
  • Glass reactor market in Brazil forecasted to surge at 7% CAGR till 2034.
  • Glass reactor sales in India projected to grow at 8% CAGR till 2034.
  • United States glass reactor market is anticipated to grow at a steady CAGR of 2% from 2024 to 2034.

“Glass-lined reactors are expected to be favored for chemical processes requiring corrosion resistance and chemical inertness. Their superior resistance to acids, alkalis, and bases, along with durability at high temperatures, makes them a top choice for manufacturers.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Manufacturers of glass reactors are increasingly channeling substantial investments into research and development to drive innovation and introduce advanced products. This focus on R&D is coupled with efforts to expand manufacturing capacities globally, as companies establish new production facilities to meet growing demand and leverage cost efficiencies. By diversifying their geographical footprint, these manufacturers are positioning themselves to better serve regional markets and enhance their competitive standing.

In addition to these strategic expansions, the industry is witnessing a wave of mergers, acquisitions, and collaborations aimed at consolidating market presence and fostering synergies. Companies are also proactively engaging in global trade fairs and exhibitions, using these platforms to showcase their latest innovations and connect with a broader customer base. These combined efforts reflect a dynamic and competitive landscape where players are not only striving to enhance their product portfolios but also to solidify their market positions through strategic partnerships and global outreach.

Key Players in Global Glass Reactor Industry:

  • GMM Pfaudler Ltd.
  • Büchi AG
  • De Dietrich Process Systems
  • Corning Incorporated
  • Radley
  • Ace Glass Incorporated
  • Syrris Ltd.
  • Parr Instrument Company
  • CC
  • Labfirst Scientific Instruments (Shanghai) Co., Ltd
  • Shiva Scientific Glass Pvt. Ltd.
  • Sigma Scientific Glass Pvt. Ltd.
  • UD Technologies
  • Garg Lab Solutions
  • Sachin Industries Ltd.

Glass Reactor Market Segmentation Analysis:

By Capacity:

  • Up to 5 Lts.
  • 5 to 15 Lts
  • 15 to 30 Lts.
  • 30 to 60 Lts.
  • 60 to 100 Lts.
  • 100 to 300 Lts.
  • Above 300 Lts.

By Design:

  • Multi-jacketed
  • Double-jacketed
  • Single-jacketed

By Application:

  • Pilot plants
  • Mid-large scale production plants
  • Portable multipurpose units

By End-use:

  • Chemical process industries
  • Petrochemical refineries
  • Pharmaceutical
  • Research institutes

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Axial Spondyloarthritis Management Market to Reach USD 7.3 Billion by 2033 at a 5.1% of CAGR Amid Rising Prevalence and Demand for Effective Treatments

Axial Spondyloarthritis Management Market
Axial Spondyloarthritis Management Market

The global axial spondyloarthritis (axSpA) management market, valued at USD 4.22 billion in 2022, is anticipated to expand steadily, projected to reach approximately USD 7.3 billion by 2033. This growth, expected at a CAGR of 5.1% from 2023 to 2033, is driven by a rising prevalence of axSpA and the increasing demand for efficient treatment options. From 2018 to 2022, the market demonstrated a CAGR of 3.5%, reflecting a growing focus on improving patient outcomes in axial spondyloarthritis care.

Axial spondyloarthritis, a chronic inflammatory arthritis primarily affecting the spine and sacroiliac joints, leads to significant pain and stiffness in the back and hips. The axSpA management market encompasses a range of drugs, therapies, and medical devices specifically designed to alleviate symptoms and improve mobility for those with the condition.

As awareness of axSpA rises and treatment options advance, healthcare providers and pharmaceutical companies are investing in innovative solutions to address this complex condition. The market is poised to benefit from ongoing research and development, offering new opportunities to enhance the quality of life for patients worldwide.

Market Competition

Key players in the axial Spondyloarthritis management market are AbbVie, Pfizer, Amgen, Janssen Biotech, Pozen, Iroko Pharmaceuticals, Syntex Pharmaceuticals, Horizon Pharma, Eli Lilly and Company, Kyowa Kirin, Celgene, Inmagene Biopharmaceuticals

  • AbbVie has developed Rinvoq, a medication that was approved by the FDA in August 2021 for the treatment of active axial spondyloarthritis (axSpA), including ankylosing spondylitis (AS). It is an oral, small molecule Janus kinase (JAK) inhibitor that works by blocking certain enzymes involved in the inflammatory process.
  • Janssen Biotech has also made significant contributions to the axial Spondyloarthritis (axSpA) management market, primarily through its drug Simponi (golimumab). Simponi is a biologic medication that was approved by the FDA in 2011 for the treatment of axSpA, including ankylosing spondylitis (AS). It works by inhibiting tumor necrosis factor (TNF), a pro-inflammatory cytokine that is involved in the development of axSpA.

Key Companies Profiled

  • AbbVie
  • Pfizer
  • Amgen
  • Janssen Biotech
  • Pozen
  • Iroko Pharmaceuticals
  • Syntex Pharmaceuticals
  • Horizon Pharma
  • Eli Lilly and Company
  • Kyowa Kirin
  • Celgene
  • Inmagene Biopharmaceuticals

A Full Report Overview

Key Segments Profiled in the Axial Spondyloarthritis Management Industry Survey

Type:

  • Ankylosing Spondylitis Treatment
  • Non-Radiographic Axial Spondyloarthritis Treatment

Drug Class:

  • Non-steroidal anti-inflammatory drugs
  • Glucocorticoids
  • Anti-rheumatic drugs

End User:

  • Hospital
  • Clinics
  • Rehabilitation Centre
  • Academic Research Institutes

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube