Market Research Blog – Page 9464 – New Product Development

Construction Lifts Market Expanding Product Portfolio to Be the On-Going Strategy by Market Players | FMI

Construction Lifts Market Overview: Burgeoning the number of high-rise buildings and rental systems to propel revenue sales in the construction lifts market. EMEA construction lifts the market to witness significant growth with an increasing number of social events enabling the expansion of customer base.

A growing number of investments are made by manufacturers in the construction lifts market with a burgeoning number of residential and commercial high-rise projects. Several manufacturers are also engaging themselves in small-scale projects that result from residential development results, which in turn leads to the introduction of affordable solutions for SMEs (small and medium-sized enterprises, developers and smaller construction companies.

Alimak Group AB: The construction lifts market player has received an order for the explosion-proof elevator from EPC Company Aibel in Norway. Equinor’s Johan Sverdrup requires this elevator for its Phase II project and the order value is expected to be nearly MSEK 27. The explosion-proof elevator as well as the lift shaft will be beneficial for the transportation of goods and personnel in the process area on a platform. The delivery of this equipment is expected by end of 2019. With an increasing number of projects, Alimak Group AB is likely to increase the demand and supply of construction lifts, thereby boosting the revenue sales of the global market.

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Böcker Maschinenwerke GmbH: The construction lifts market player has developed over 10,000 construction lifts, thereby increasing exports and expanding its product portfolio for including lifts for furniture transport purposes. By introducing aluminium crane technology, the company has been setting milestones for future years. The company has been constantly setting new standards for lifting and crane technology. This, in turn, is expected to significantly benefit the construction lift market on a major basis.

CABR Construction Machinery Technology Co., Ltd:The construction lifts market player lately developed an optimally designed new type of gantry mini hoist which is inclusive of gears, drive devices, winding devices, wire ropes and pulleys. With the development of this new product, growing customer needs for economic efficiency and design quality has been significantly improved. These efforts by the company is expected to benefit the global market in the long run with revenue growth.

SMEs to Play a Significant Role in Boosting Revenue Sales in Construction Lifts Market

The development of smart cities is exponentially driving the demand and supply for construction lifts. Demand for construction equipment on rent in small and medium-sized enterprises has been witnessed as comparatively high and therefore, leading players in the equipment manufacturing sector are taking immense efforts in renting construction lifts.

This in turn makes the rental system gain significant traction in the construction lift market. The surging number of new construction activities and the need for building refurbishment is expected to drive the revenue growth of the construction lifts market with incremental benefits offered by the product such as efficient and quick features, which in turn saves labour cost and time. However, the dearth of skilled labor and the high cost incurred in preventive maintenance are likely to hinder the growth of the construction lift market.

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EMEA to Showcase Lucrative Growth with an Increasing Number of Events

Rapidly increasing construction activities in commercial and residential sectors are spurring the growth of the North American construction lifts market. The Middle East and Africa construction lift market is expected to increase at a rapid pace with the rising number of events in the region such as Dubai and Qatar Expo 2020 as well as FIFA World Cup 2022.

Europe and the Middle East and Africa is expected to showcase notable growth in the construction lifts market with the increasing number of commercial projects for expanding office space in regions such as Milan and Germany. A rapidly increasing number of investments in improving infrastructure by Saudi Arabia will further stimulate the growth of the EMEA construction lifts market.

Bifurcation of the Construction Lifts Market Is Broadly Done By End-Use and Product Type

Construction lifts market research report displays a wide-ranging valuation of the global market as well as holds thoughtful data along with industry-certified and statistically favoured market data. The global report comprises of estimates by means of appropriate approaches and assumptions on a major basis. Moreover, the construction lifts market research report offers information and study according to the market bifurcations such as industry, end-users and geography.

The construction lifts market research report is a collection of analyses based on quantity and quality along with first-hand information received from analysts of the industry. Various inputs from participants and specialists across the globe have also been incorporated into the global report. Market attractiveness considering the segments along with governing and trending factors impacting the construction lifts market growth is also holistically included in the global report. Most of all, the qualitative impacts of numerous prospects on the regions and segments are broadly incorporated in the global report.

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Based on end-use, the construction lifts market is being divided into

Infrastructure
Non Residential
Residential

Based on product type, construction lifts market is being divided into

Work Platform
Material Hoists
Construction Hoists

Points To Concentrate In Construction Lifts Market Research Report Includes

Testimonials for the key players in construction lifts market benefitting in business expansion as well as sustenance in global market
Unbiased viewpoint on the global market performance
Regional and segment-wise lucrativeness displaying potential growth
Overall product offerings and strategies of the construction lifts market players
Competitive landscape
Of late industry advances and trends
Future, present as well as past construction lifts market sizing based on value and volume
Detailed construction lifts market classification
Varying market dynamics
In-depth synopsis of the parent market

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Pressure Reducing Valve Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2028

FMI reveals that the global pressure reducing valve market enjoys a valuation of US$ 1,998.1 Mn in 2022, and is predicted to expand at a steady CAGR of 4.5% and reach a net worth of US$ 2,588 Mn by the end of 2028.

According to the analysis, the demand for pressure reducing valves is expected to keep increasing over the years. Growing investments in the oil & gas and chemical industries are expected to be the key factors assisting the growth of the global pressure reducing valve market.

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The global market for pressure reducing valves is estimated to be valued at US$ 1,701.6 Mn by the end of 2022 and is expected to witness a Y-o-Y growth rate of 4.3% over the forecast period. China is estimated to account for a significant value share in the global pressure reducing valve market by 2022 end and is expected to remain dominant throughout the forecast period in the pressure reducing valve market.

The pressure reducing valve market has been experiencing significant growth for years now, particularly in Middle East & Africa, India and China. The growing demand for oil & gas, chemicals and power across GCC Countries and India is contributing to the substantial demand for pressure reducing valves in these regions.

However, the global pressure reducing valve market is expected to face certain challenges. Manufacturers have to follow certain regulations pertaining to pressure reducing valves, which include ASME and JIS.

Prominent manufacturers are involved in introducing pressure reducing valves while adhering to the international regulations and certification in order to enhance their presence in the market. This is expected to be one of the key trends identified in the global pressure reducing valve market.

Segmentation Analysis

Based on product type, the direct acting segment is expected to dominate the pressure reducing valve market over the forecast period
Based on material, the ductile iron segment is expected to register the highest growth, in terms of volume as well as value, in the global pressure reducing valve market over the forecast period
Based on operating pressure, the 50-200 Psig segment is expected to account for more than 2/5^th of the overall incremental opportunity created in the global pressure reducing valve market during the forecast period
Based on application, gas and liquid segments, together, are expected to create an incremental opportunity1.7X that of the steam segment’s in the global pressure reducing valve market
Based on end-use industry, the chemical segment is pegged to remain dominant in the global pressure reducing valve market throughout the forecast years

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Regional Analysis

Western Europe and China together are estimated to have collectively accounted for more than 2/5^th of the overall share in the global pressure reducing valve market by the end of 2017. The Middle East & Africa region is a key production base for the oil & gas industry and thus the region is expected to create significant growth opportunities in the global pressure reducing valve market.

Vendor Insights

The report highlights some of the top companies operating in the global pressure reducing valve market such as Watts Water Technologies, Inc., Spirax Sarco Engineering plc, TLV, Itap Spa, Caleffi S.p.a., HAWE Hydraulik SE, Yoshitake Inc., Genebre, HYDAC, Forbes Marshall, CIRCOR International, Inc., Armstrong International Inc. and Fushiman Co., Ltd.

Key Segments Covered in Pressure Reducing Valve Industry Survey

Pressure Reducing Valve Market by Material Type

Cast Steel Pressure Reducing Valve
Stainless Steel Pressure Reducing Valve
Carbon Steel Pressure Reducing Valve
Cast Iron Pressure Reducing Valve
Ductile Iron Pressure Reducing Valve
Bronze Pressure Reducing Valve

Pressure Reducing Valve Market by Operating Pressure

50-200 Psig Pressure Reducing Valve
201-500 Psig Pressure Reducing Valve
501-800 Psig Pressure Reducing Valve
Above 800 Psig Pressure Reducing Valve

Pressure Reducing Valve Market by Application

Gas Pressure Reducing Valve
Steam Pressure Reducing Valve
Liquid Pressure Reducing Valve

Pressure Reducing Valve Market by End-Use Industry

Pressure Reducing Valve for Power Generation Industry
Pressure Reducing Valve for Pharmaceutical Industry
Pressure Reducing Valve for Pulp & Paper Industry
Pressure Reducing Valve for Chemical Industry
Pressure Reducing Valve for Food & Beverages Industry
Pressure Reducing Valve for Oil & Gas Industry
Pressure Reducing Valve for Other Industries

Pressure Reducing Valve Market by Product Type

Direct Acting Pressure Reducing Valve
Pilot Operating Pressure Reducing Valve

Pressure Reducing Valve Market by Region

North America Pressure Reducing Valve Market
Latin America Pressure Reducing Valve Market
Europe Pressure Reducing Valve Market
East Asia Pressure Reducing Valve Market
South Asia & Pacific Pressure Reducing Valve Market
Middle East & Africa Pressure Reducing Valve Market

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Veterinary Electrosurgery Market expanding at a CAGR of 7% during the forecast period from 2022 – 2032

The global veterinary electrosurgery market garnered a market value of USD 471.96 Million in 2021 and is expected to secure USD 505 Million by 2022. The market is expected to accumulate USD 993.41 Million by 2032 while expanding at a CAGR of 7% during the forecast period from 2022 to 2032. Growth of the market can be attributed to rise in demand for pet health insurance along with increasing adoption of pet animals.

The COVID-19 pandemic created several obstacles for the animal industry. This includes pet owners, animal health companies, veterinarians, and veterinary hospitals. Owing to stringent lockdown norms, limited operation of veterinary hospitals and clinics resulted in a decline of veterinary visits, thus impacting the market. But the industry responded well to the pandemic by deploying supportive measures to ensure access to veterinary care and other services.

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Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market. In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the veterinary electrosurgery market.

Key Takeaways from the Market Study

The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.
By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.
By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.
By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.
By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.
U.S is projected to register a CAGR of 8% during the forecast period.

U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

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“Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market,” comments an FMI analyst.

Competitive Landscape

Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.
Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global veterinary electrosurgery market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

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The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables & Accessories), Animal Type (Small Animal, Large Animal), application (General Surgery, Dental Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032

Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

Bipolar Veterinary Electrosurgery Instruments
Monopolar Veterinary Electrosurgery Instruments
Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

Veterinary Electrosurgery for Small Animals
Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

General Veterinary Electrosurgery
Dental Veterinary Electrosurgery
Gynecological & Urological Veterinary Electrosurgery
Orthopedic Veterinary Electrosurgery
Other Veterinary Electrosurgery Applications

Veterinary Electrosurgery Market by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics
Veterinary Electrosurgery across Other End Users

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Bearing Isolators Market High-Speed and Accuracy Equipment Demand to Stimulate Growth | Get Insights FMI

Bearing Isolators Market Overview : Eliminating the need for shaft finish or lubrication in bearing isolators enables significant reductions in maintenance and manufacturing costs, significantly boosting revenue sales in the bearing isolators market.

A rapidly increasing need for high-speed rotating equipment and improved safety features is expected to drive the growth of the bearing isolators market. Demand for bearing isolators over lip seals owing to reduced replacement repair as well as downtime costs is expected to drive revenue sales in the bearing isolators market. The rising number of accident cases in industries along with a lack of equipment efficiency has led to a growing emphasis on improving shafts and bearings, which in turn stimulates the revenue growth of the bearing isolators market.

Introducing high torque and high-speed capacity bearing isolators is anticipated to drive demand for high-accuracy bearing isolators. Metallic bearing isolators are foreseen to gain significant traction in the bearing isolators market owing to stringent government regulations that have been imposed on high-speed equipment together with rising efforts to reduce production cycle time.

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However, the growing cost of the speed sensors along with their related technologies and fluctuating prices have been posing significant challenges for the growth of the bearing isolators market.

Stringent Regulations to Influence End-Use Industries in Developed Regions to Contribute Significantly Towards Revenue Sales in the Bearing Isolator Market

Europe and North America are likely to emerge as lucrative regions for the bearing isolators market with surging demand from pharmaceutical, dairy, and food and beverage processing industries. The food grade components and stainless steel designs of bearing isolators help in eliminating contamination risks as well as product loss, thereby catering to the stringent USDA and FDA requirements. The growing availability of raw materials and cheap labour makes leading manufacturers eye the APAC bearing isolators market for business expansion, thereby making the region fast-growing during the forecast period.

Improving Equipment Operational Life is an Ongoing Strategy of Bearing Isolators Market Players

Manufacturers in the bearing isolator market are making immense efforts in developing advanced solutions for improving the operational life of the bearing isolators.

Elliott Group: The bearing isolator market player recently announced that it has plans to relocate testing and manufacturing of the cryogenic pumps as well as expanders to Jeannette. This is also contributing towards the expansion of the company’s product portfolio and is majorly utilised for gas liquefaction applications. Therefore, an increasing number of product tests is expected to drive the demand and supply of bearing isolators in the new plant.
John Crane: The bearing isolator market player is making immense efforts in strengthening the service capabilities of its Southern Germany facility. The innovative Bavarian service centre is expected to add new capabilities for responding faster to rising customer service demands, lowering downtime costs.The aim of improving manufacturing performance by means of reduced seal water use, fewer maintenance interventions, improved equipment uptime, and increased operational reliability is expected to stimulate the revenue sales of the bearing isolators market.
Flowserve Corporation: The bearing isolator market player recently mentioned that its CVP (concrete volute pumps) has played a significant role in the flood management strategy in the Netherlands. The new pumping stations of the Afsluitdijk causeway offered cost-effective, environmentally friendly, efficient, and reliable solutions, thereby reducing the usage of bearing isolators for highly-efficient and corrosion-resistant concrete volute pumps.

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The Bearing Isolators Market Has Been Divided Into Application And Material Type.

Bearing isolators market research report offers detailed analysis of the market as well as consists of thoughtful facts and insights along with historical data, which holds market data that is industry-evaluated and statistically backed up. The report comprises projections that are generated with the help of suitable methodologies and a set of hypotheses. In addition, the research report delivers information and studies based on market classifications such as industry, end-use, and region.

Bearing Isolators Market Research Report Extensive Analysis Covers

Market segmentation for bearing isolators
Market Dynamics of Bearing Isolators
global market sizing.
Demand and sales
Modern trends and challenges
Competitors and related competitions
Technological advances
Value chain

Based On Geographical Data Analysis Of Bearing Isolators Market Research Report

The bearing isolators market in North America includes (Canada and the United States).
Market for bearing isolators in Latin America includes (Brazil and Mexico).
The market for bearing isolators in Eastern Europe includes (Russia and Poland).
Western Europe’s bearing isolators market includes (Spain, the United Kingdom, France, Italy, and Germany).
Market for bearing isolators in Asia Pacific (New Zealand, Australia, ASEAN, India, and China)
Market for bearing isolators in Japan
Market for bearing isolators in the Middle East and Africa (North Africa, South Africa, and GCC Countries)

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With the help of industry analysts, this Bearing isolators market research report has been incorporated with first-hand information and comprehensive analysis based on quality and quantity. Inputs from participants and experts in the industry have also been integrated into the global report. Governing, micro and macro-economic aspects relating to the parent market have been identified in the global report. Market attractiveness based on regions and segments, along with qualitative impacts, has also been included in the bearing isolators market research report.

Based on application, the bearing isolators market can be broken down into

manufacturing and processing.
Steel and Metal Processing
Paper and Pulp
Mining and construction
Chemical
Petrochemical
Others

Based on material type, the bearing isolators market can be broken down into

Non-Metallic
Metallic

The Bearing Isolators Market Research Report Covers Several Important Topics

Prospects for the parent market
Shifting market factors in the industry
Wide-ranging market segmentation
forecasted, ongoing, and historical market value and volume
Current industry improvements and trends
Competitive landscape
product offerings and strategic plans of key players.
regions and segments indicate promising growth.
Neutral viewpoint on the global market’s performance
Lucrative information for global market participants for business expansion

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Dental Burs Market estimated market value of around US$ 139.2 Mn by 2022

With an anticipated market value of over US$ 139.2 Million as of 2022, the dental burs market size is expected to experience a significant CAGR growth value of about 7.8% from 2022 to 2032, reaching an estimated market value of US$ 295.6 Million in 2032. Specialty clinics will account for a significant 40.1% of the end-user sector of the global market in 2021, according to forecasts from Future Market Insights.

Over the last two decades, the frequency of dental disorders such as gum disease, dental crack, periodontal disease, and dental cavities has been on the rise. This is expected to boost the worldwide dental burs market.

Dentin removal, cutting hard tissues, implantology, cavity preparation and other procedures need the use of dental burs, which are frequently made of stainless steel, tungsten carbide, and diamond grit. The most common and preventable dental condition is dental caries. This factor is associated with changing lifestyles as well as individual eating habits. High dietary intake of sugars has pushed the demand for dental hygiene and assessment procedures. Growing awareness regarding oral hygiene and rising disposable incomes have propelled the demand for dental burs.

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Dental tourism has grown in popularity in recent years in the dental burs market, particularly among developing economies, with the most compelling aspect being the cost savings related to reduced dental treatments. The reduced waiting time for people seeking aesthetic dental procedures is another element that has led to dental tourism.

Key players within the market space have associated cooperative activities to enhance their existing product portfolio. Integration of digitally enhanced systems for design such as CAD/CAM has encouraged the development of medical and dental prosthetics, including implants.

Largely, the high prevalence of the geriatric age group and oral complications associated with age has further influenced the sales volume growth of dental burs. Manufacturers have also presented alterations with respect to the packaging of single-unit dental bur products to further promote the prevention of contamination. Emerging out-of-pocket investment by individuals for cosmetic dental procedures has also provided a boost in the demand for dental burs.

Chronic diseases such as diabetes pose a threat to periodontitis. Management of these patients with oral hygiene techniques is another aspect posing as a potential driver for the sales growth of the dental burs market.

Rising activities related to the production of a novel, patented or personalized product designs combined with technology transfer activities within key players will reduce procedural times, thus enhancing treatment outcomes.

The dental burs market is thus set to pose a lucrative growth over the forecasted period of 2022 to 2032, owing to the rising burden of oral diseases, combined with altering lifestyle and dietary changes, as well as new technological advancements in dental procedures.

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Key Takeaways from Market Study

Ball burs as a shape segment are expected to hold over 26.8% market value share by the end of 2032 and are expected to display a CAGR growth of 9.4% over the forecast period.
Specialty clinics hold a higher end-user segment share in terms of the market share value of 40.1% in 2021.
Cavity fillings as applications are expected to hold over 32.2% market value share by the end of 2032 and are expected to display a CAGR growth of 7.9% over the forecast period.
North America is slated to be the largest leading region with a value share of 33.4% at the end of the forecast period, due to increased awareness about dental hygiene, increased R&D activity to create innovative dental burs, and the presence of significant companies operating in the area.

“An increase in public awareness about oral hygiene in order to reduce the incidence of dental disorders, as well as government initiatives to manufacture various dental equipment is are set to boost the sales of dental burs market,” says an analyst of Future Market Insights.

Market Competition:

The market for dental burs observes several activities which include technology integration into an existing product, manufacture of new computer-assisted design instrument, and acquisitions to expand product range and adoption rate.

Key Companies Profiles in the Study are –

MANI, INC.
SHOFU Inc.
Bresseler USA
Golden Star Medical Co Ltd
3M
Prima Dental Manufacturing Ltd
Shinwon Dental Co Ltd
Shenzhen Feihuan Medical Instruments Co Ltd
Shenzhen Rogin Medical Co. Ltd
Spiral Tools Pvt. Ltd
Tri Hawk, Inc.
3 Shape
Dentsply Sirona
Zimmer Biomet

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Key Market Segments Covered in Dental Burs Industry Research

By Shape:

Ball burs
Cylindrical burs
Conical burs
Inverted Cone burs
Flame burs
Wheel burs
Others

By Application:

Cavity Fillings
Root Canal Procedures
Dental Implants
Others

By End-User:

Hospitals
Speciality Clinics
Academic & Research Institutes

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Cell Culture Media Market is expected to reach US$ 25.09 Bn in 2032 | FMI

The Cell Culture Media Market size was worth US$ 4.9 Bn in 2022 and is expected to advance at a CAGR of 16% from 2022 to 2032 to US$25.9 Bn by 2032.

Due to increased research and development investment by private and public businesses for vaccines and treatments against microorganisms, the demand for cell culture media is predicted to rise at a rapid pace.

An increase in research and development funding of cell culture media components, as well as a revolution in the life science sectors, particularly in biopharmaceutical products and the expansion and expansion of the biotechnology industry, all, contribute considerably to the sales of cell culture media.

In addition, the rising incidence and prevalence of cancer have shifted the attention to biosimilars, biologics, and recombinant protein products.

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Cell culture has become an essential aspect of vaccine manufacture in the pharmaceutical business. As per the latest cell culture media market future trends, vaccine demand is predicted to rise globally as the frequency of infectious diseases rises, and the possibility of pandemics rises.

Cell-based flu vaccines have also been approved for use in the United States and many European nations.

Regulatory approval of various cell culture-based vaccines around the world and increased awareness and understanding of cell culture-based vaccines are projected to propel the adoption of cell culture media forward during the forecast period.

In order to evaluate vaccines and antivirals in vitro, a culture media must be used in which the targeted virus or bacteria is cultivated, and the response is determined.

The cell culture media market opportunities and the need for culture media are fueled by the pharmaceutical industry’s increased focus on research and development. Because biopharmaceutical innovators are at the forefront of in vitro research and development for the quest for vaccines and antivirals, the present COVID-19 outbreak has a favourable impact on the cell culture media market outlook.

The global market study on cell culture media indicates that the Asia Pacific cell culture market is expected to develop due to favourable regulatory standards, government backing for cell culture-based vaccine production, cheap manufacturing costs, and global market participants’ increasing focus on the merging Asia Pacific area.

Ethical concerns over the use of animal-derived items in culture medium and a scarcity of competent professionals are expected to limit the cell culture media market share.

Cell culture media companies entail a lot of research and development for new therapeutics, including stem cells and gene therapies. Research equipment, reagents, and other goods must be of the highest quality to get reliable results.

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As a result of the increased necessity to maintain high expectations (by the use of high-grade materials) and conform to strict guidelines, the price of cell biomedical research has skyrocketed. This has led cell biology research to become out of reach for many academic institutions and small businesses with minimal resources. Thus, the cell culture market opportunities and expansion are projected to be limited.

Key Takeaways

Serum-free media has a large market share of 51.4 per cent in 2021. Because of the low danger of contamination, serum-free media is commonly used.
North America has the greatest share of cell culture media applications, accounting for 32.6 per cent.
As per the cell culture media market analysis, cancer research accounts for 43.7 per cent of the market share for cell culture media.
Biopharmaceutical businesses have a market share of 83.3 per cent by end user, showing a growing need for stem cells and tissue engineering.
Due to increased technological advancements in the biotechnology and pharmaceutical sectors, the creation of vaccines, and expanding initiatives for in-vitro cultivations, the Asia Pacific region is expected to have a substantial potential for growth in the cell culture media market.

Competitive Landscape

As per the cell culture media market trends and forecast, because the bulk of global culture media companies is based in North America, notably in the United States, North America has the greatest market share in the global culture media market.

HiMedia Laboratories Pvt., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Caisson Laboratories Inc., Merck & Co. Inc, Corning Incorporated, Lonza Group Ltd, Cell Culture Technologies LLC, GE Healthcare, and Fujifilm Holdings Corporation, are some of the leading cell culture media companies in the market.

As per the recent developments in cell culture media, most cultural goods were first introduced in the United States before being distributed around the world.

Due to the rising demand for cell culture mediums from various end-user industries, the top cell culture media manufacturers are focusing on increasing their research activities in plant and animal cell applications.

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Key Segments

By Type:

Serum-free Media
CHO Media
HEK 293 Media
BHK Media
VERO Cell Media
Insect Cell Media
Serum-free Stem Cell Media
CAR T-cell Media

By Application:

Biopharmaceutical Production
Monoclonal antibodies
Vaccines production
Other therapeutic proteins
Diagnostics
Drug Screening & Development

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Industrial Elevators Market Growth Increasing Weight and Speed Capacities to Boost By End 2028 | FMI

Modernization of industrial elevators has led to faster operations in comparison to their conventional counterparts. Improved performance parameters have set up strong competitive scenarios in the industrial elevator market. The introduction of advanced systems of elevator control through the extensive use of smart computer systems is seeing increased usage.There is an increased preference for the production of industrial elevators that require less space without compromising on load-carrying capacity and speed. Owing to this, the demand for room-less and shaft-less industrial elevators is anticipated to go up significantly in the years to come.

Rapid infrastructural growth and industrialization, especially in emerging economies, is one of the most important growth factors for the industrial elevator market. In addition to this, matured markets in developed countries are also anticipated to provide lucrative growth opportunities to the industrial elevator market players, especially in the aftermarket servicing segment. On the other hand, prohibitory initial investment costs for new market players and the high usage of power by industrial elevators are expected to act as major constraining factors that will hinder the market growth.

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Key Industrial Elevator Market Players Will Concentrate on New Technologies to Support the Demand

Key industrial elevator market players, including Hitachi America Ltd., ThyssenKrupp Elevator Corporation, Century Elevators, and Alimak Hek Group AB, are expected to largely focus on technology and design improvements to stay ahead of the competition.

Century Elevators has released a wide range of industrial elevators that are suitable for various construction purposes. The elevators have advanced features such as variable frequency drives for improved operational control, an on-board diagnostics system, an on-board emergency lowering system, an automated lubrication system, and explosion-proof design and materials, making them suitable for a wide range of operations ranging from historical renovations to new high-rise construction.
The Geda USA Elevator and Material Lift Company has launched its SH range of industrial elevators, which provide load-carrying capacities of over 3 tonnes and a rapid hoisting speed of around 60 metres per minute. The company provides modular, bespoke designs to precisely suit the requirements of the end-user and the varying site conditions.
The Alimak Hek Group AB’s SL range of industrial elevators are designed for permanent installation for various industries, and they do not require machine rooms or elevator shafts for operations. The materials used for increased durability include aluminium and galvanised steel.

Emerging Economies to Witness the Highest Rates of Industrial Elevator Market Growth

Most of the emerging economies around the world, including China, India, Myanmar, Bangladesh, Peru, Bolivia, and large parts of Africa, among many others, are anticipated to see high demand for industrial elevators to fulfil the needs of the rapidly growing industrial sectors in these regions. This will be particularly true in India and China owing to the massive growth in residential construction projects in both countries that is expected to continue through the forecast period.

The industrial elevator market in developed regions such as North America and Europe is anticipated to see a relatively lower rate of growth, owing to the fact that the market in these regions has reached maturity. On the other hand, the segment for aftermarket servicing and product maintenance for existing industrial elevators in these regions is expected to see great growth in the near future.

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Global Industrial Elevators Market Segmentation

Industrial elevators can be broadly divided on the basis of alignment, drive mechanism, end-user, and construction. On the basis of alignment, industrial elevators can be categorised into hoist or incline elevators. In terms of drive mechanism, industrial elevators can be divided into hydraulic, electric, or pneumatic elevators.On the basis of end user, industrial elevators can be classified into chemical towers, power plants, manufacturing plants, or construction sites. In terms of construction, industrial elevators can be categorised into shaft/shaft-less or room/room-less.

This report about the industrial elevator market provides viewers with a comprehensive regional and global level analysis to identify and make use of crucial data that is supported by deep research on a number of business factors, including market opportunities and competitive scenarios.

The report compiles data on

Market Major Subdivisions
Competitive Analysis: The strategy employed by key market participants.
Demand and supply
Technology: key changes in the market arising from technological advancements
Market drivers are aspects of the business that have a significant impact on the market.
Trends and Challenges: Common obstacles and popular market trends

These regional markets have also been analysed in detail.

Industrial elevator market in the Middle East and Africa (North Africa, South Africa, GCC countries, and the rest of MEA)
Western Europe’s industrial elevator market (Italy, Spain, France, Germany, and the United Kingdom)
Industrial elevator market in Eastern Europe (Poland, Russia)
Market for industrial elevators in Japan
Asia Pacific industrial elevator market (China, India, ASEAN, Australia, and New Zealand excluding Japan)
North America’s industrial elevator market (Canada, U.S.)
Brazil, Mexico, and South America as a whole)

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The systematic compilation of first-hand data on the industrial elevator market has resulted in the development of the report. Information is organised in terms of quality and quantity, including the economy, market trends, and market attractiveness, as understood from detailed interactions with top market experts.

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Intellectual Property Software Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

The intellectual property software market with an estimated CAGR of 12.7% during the projected period, the share is expected to reach US$ 14.9 billion by 2032, finds a recent report published by FMI. The intellectual property software market is projected to be valued at US$ 4.5 Bn in 2022. The study finds that unauthorized public usage may hurt a company’s financial line, as well as its entire business plan, which leads to this rising demand, reflecting the adoption of intellectual property software.

Sales of intellectual property software are expected to rise significantly. In addition to this, sales of intellectual property software are rising on account for US$ 7.7 Bn by 2026. Increasing sales of intellectual property software are also projected to contribute to the growth of the intellectual property software market share.

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To gain a competitive advantage, effective intellectual property software tools are required in the market. Companies are being influenced by the extremely competitive business climate to invest in technology that ensures businesses and sales of intellectual property software policies are strictly matched to ensure the smooth operation of the organisation.

Enterprise management of intellectual property software is gaining popularity throughout the world as businesses realise that unauthorised public use can harm not just the company’s overall bottom line but also its whole business strategy.

The intellectual property software industry is growing due to an increase in application and understanding of intellectual property rights among end-users. The expansion in the intellectual property software industry is fueled by an increase in demand for a secure and well-documented system inside a company.

However, problems such as the difficulty of maintaining software and the high cost of investment, as well as a low rate of awareness and data security, are impeding the intellectual property software market growth.

Furthermore, advancements in information and communication technology, as well as increased awareness and acceptance of intellectual property software in emerging nations like India, are expected to provide significant market potential.

Component, deployment, end-user, application, and geography are all used to segment the intellectual property software industry. The market is divided into two components: software and service. The market is divided into cloud and on-premise deployment modes. The market is divided into two types of end-users: individual and commercial. BFSI, IT and telecom, automotive, education, retail and agriculture, healthcare, and others are sub-segments of the commercial segment. The intellectual property software industry is divided into patent management, trade management, licensing, and other applications. It is divided into four regions: North America, Europe, Asia Pacific, Latin America, and the Caribbean.

Manufacturers in the intellectual property software market get a big platform from which to serve the whole demand for intellectual property software. The worldwide sales of intellectual property software are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for intellectual property software more accessible to customers.

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Key Takeaways:

The worldwide corporate intellectual property software market is growing as companies place a greater emphasis on safeguarding and managing their intellectual property portfolios.
As more companies focus on tactically organising their intellectual property software assets and safeguarding them from unlicensed use, corporate intellectual property software is gaining appeal.
Furthermore, frequent product customization by end-users benefits the enterprise intellectual property management software market, as it protects and safeguards the most important aspects of intellectual property software and treatment, such as inventions, patents, trademarks, and other intellectual property software contracts, in a systematic manner.
However, despite all of the benefits, these service providers face a number of hurdles and impediments in the early phases, the majority of which are related to the high cost of establishing services in an organisation.
During the forecast period, 2016–2026, the worldwide enterprise intellectual property management software market is expected to develop at a healthy rate.

Competitive Landscape

Anaqua, Inc., Patrix AB, IPfolio, SimpleLegal, Pattsy, FlexTrac, Lecorpio, WebTMS, and CPA Worldwide are some of the prominent players in the global intellectual property management software industry (Patrafee).

To cope with infringement, China’s central government has created a specialist intellectual property software section in courts, and it is devoted to simplifying trademark enforcement operations. In addition, India is developing a digital infrastructure in accordance with its national IP strategy. This strategy will preserve intellectual property software while also safeguarding and promoting patents.
CPA Global unveiled its customer-centric approach in November 2019 to improve intellectual property software outcomes through better data-enabled intellectual property software decision-making and increased intellectual property software productivity throughout the sector. CPA Global now operates in two major business divisions: Software and Tech-Enabled Services, after the purchase of ipan/Delegate Group.

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Key Segments

By Component:

Software
- Cloud-based
- On Premise
Services
- Development & Implementation Services
- Consulting Services
- Maintenance & Support Services

By Application:

Patent Management
Trademark Management
Intellectual Property (IP) Portfolio Management
Intellectual Property (IP) Licensing
Intellectual Property (IP) Reporting & Analytics
Others

By End-use:

Individuals (independent Inventors)
Enterprises

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
South America

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Sales Performance Management (SPM) Software Market 2022 | Present Scenario and Growth Prospects 2032

According to the sales performance management (SPM) software market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 12.9% from 2022 to 2032.

The report also forecasts that the market will surpass a valuation of US$ 1.87 Bn in 2022 and US$ 6.3 Bn by the end of 2032. Sales performance management can be utilized by different organizations to optimize sales lead management. The sales performance management (SPM) tool helps in extensive analytics associated with industry evaluation and sales expectancy, which are essential for business development and sales forecasting.

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Sales performance management (SPM) software allows the respected salesperson to develop their sales strategies that cover all sectors of the sales cycle and impact all parts of the sales process. The market is projected to witness significant growth during the forecast period, due to several factors such as increased operational efficiency and motivating sales teams, managing a transparent incentive compensation process, and others sales related workflows.

Key Takeaways: Sales Performance Management (SPM) Software Market

By type, the standalone software segment is anticipated to account for the leading share in the global sales performance management (SPM) software market. Moreover, the standalone software segment is also estimated to grow at a robust CAGR of 13.8% through 2032.
By industry, the adoption of sales performance management (SPM) software in the BFSI segment is anticipated to increase at a CAGR of 17.2% between 2022 & 2032.
The sales performance management (SPM) software focuses on various strategies such as a unified platform, scale, flexibility, territory management, quota, and compensation transparency to improve sales performance and business revenue.
Among regions, South Asia & Pacific sales performance management (SPM) software market is estimated to register a high CAGR, owing to the increasing awareness and implementation of sales performance management (SPM) software at various industry verticals by SMEs in the region.
In India, sales are expected to increase at a CAGR of close to 20.7% over the next ten years.

Advent of Sales Performance Management (SPM) Software in IT & telecom Industry to Shape Future Outlook

Sales Performance Management offers advanced tools for the IT & telecom industry for quota management, incentive compensation, and territory management. The demand for sales performance management (SPM) software is driven by accelerated sales planning cycles, focused on intelligent sales planning and incentive compensation management, and improved productivity.

There are AI/ML-powered sales planning solution to provide various benefits for IT and telecom industries such as identifying high propensity sales accounts, integrated internal sales data with external business workflows, optimizing sales territories, and building and managing sales compensation plans, among others. The reliability of such benefits drives the growth of the sales performance management (SPM) software market during the forecast period.

Accuracy, constancy, and speed of accrual and auditing can all be improved with sales performance management (SPM) solutions. In the telecommunications industry, plan designs are evolving, and companies are turning to SPM solutions to assist them to implement a more effective and efficient process for creating and modeling sales compensation plans.

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Sales Performance Management (SPM) Software Outlook By Category

By Type:

Integrated Software
Standalone Software
- Incentive Compensation Management (ICM)
- Territory Management
- Sales Planning and Monitoring
- Sales Performance Analytics and Reporting
- Others

By Deployment Mode:

On-premise SPM Software
Cloud-based SPM Software

By Enterprise Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
Retail
Government
Healthcare
BFSI
Manufacturing
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East and Africa (MEA)

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Fitness Apps Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2032

The Fitness Apps Market was reach a valuation of US$ 6.8 Bn by 2032 at a vigorous 19.7% CAGR during the forecast period 2022 – 2032

The fitness Apps market surged rapidly with the onset of a global pandemic which abstained people from going to traditional gyms. The Covid induced nationwide lockdowns and social distancing encouraged people in switching to virtual training platforms. With the increased subscriptions, the market is expected to grow at a rate of nearly 20% as compared to the historical average of 14.6% CAGR.

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The fitness apps market is likely to rise as people become more aware of their physical and mental health. Consumers have begun to track their health issues, and based on this data, have begun to make lifestyle modifications for the greater good. Additionally, the developing online network of fitness studios and gyms have been aiding the adoption of these apps. Furthermore, providing fitness updates on social media sites encourages people to compete in a friendly manner. As a result, the demand for fitness applications will increase. The UK and Japan are predicted to offer the most lucrative outcomes throughout the forecast period of 2022-2032, expanding at a CAGR of 26% and 24.4% respectively.

Key Takeaways from the Market Study

Global Fitness App market is expected to reach a market size of US$ 8.1 Bn by 2032.
The market is expected to offer an absolute dollar opportunity of US$ 6.8 Bn in coming 10 years by growing at a CAGR of nearly 20%.
Exercise & weight loss category is expected to remain the dominant segment, with an estimated growth of 19.4% during the forecast period.
Japan and UK are anticipated to provide a highest growth opportunity in terms of CAGR of 24.4% and 26% respectively.

Competitive Landscape

The Fitness Apps market is dominated by several national and international players. They compete on product innovation, quality, brand recognition, trustworthiness, and market presence to offer their services across multiple sectors. Market competitors are improving their goods with modern features to improve functionality and reliability in order to provide a better consumer experience.

In addition, the market expansion is expected to be aided by the big corporation’s fundamental mergers, collaborations, and acquisitions strategies.

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Key developments in the market are:

In October 2021, PEAR Sports acquired Aaptiv to expand its personalized approach to fitness and wellness programming for consumers and employers. The company plans to integrate Aaptiv’s offerings with PEAR Training Intelligence and make it a competitive fitness program service in the market.
In April 2021, Adidas Runtastic collaborated with Tooz Technologies to develop a new immersive running experience for those athletes using smart glasses. This marked the start of research on the next-gen wearable technology.

Get Valuable Insights into Fitness Apps Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Fitness Apps market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Market Segments Covered in Fitness Apps Market Analysis

By Type: