Market Research Blog – Page 9564 – New Product Development

Market For Heavy-Duty Heat Pumps Will Grow At A 2.3% CAGR Through 2031 – FMI

Demand for heavy-duty heat pumps was moderate in 2020 due to the COVID scenario. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. The report estimates the global heavy-duty heat pump market to grow at nearly 2.9% during 2021-2031. The report offers an analysis in 20+ high-growth markets, providing detailed insights on how the heavy-duty heat pump market will evolve in the next decade.

The demand for heavy-duty heat pumps is investigated in this study. COVID-19 impact, macroeconomic factors, market trends, and market background have all been investigated in the global heavy-duty heat pump market. The market has been examined based on numerous segments, consumer interests, and geographies, according to FMI’s study scope. The study includes both qualitative and quantitative data on the market’s main competitors. This paper also examines the market from both a supply and demand perspective.

Global heavy-duty heat pump sales are set to be valued at US$ 454.9 Mn in 2021, with a stable long-term projection, according to the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The commercial sector currently accounts for the leading share of the market. Growth will continue as applications increase in data centres, district heating and cooling, and buildings.

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Key Takeaways

Heavy duty heat pumps market is expected to surpass a valuation of US$ 450 Mn by 2021, as demand continues to increase in commercial, industrial, and residential sectors
Backed by increasing application of district heating and cooling, the U.S. will account for over 68% of sales in North America in 2021
Despite significant drop in demand amid pandemic, the year 2021 will be positive, allowing the U.K. market to register 2.9% y-o-y growth in 2021
Expansion of construction sector will be a boon for the market in China and Japan
Rising construction of commercial space in India, will create a conducive environment for the expansion of the heavy duty heat pumps market

“Surge in demand for imperishable and green energy solutions is expected to provide an impetus to heavy duty heat pump sales. The substantial increase in the demand from the supplier side and from end-use industries across the globe is propelling the heavy duty heat pump market growth. The use of heavy duty heat pumps for replacing conventional heating systems in the commercial, industrial and other sectors for heating and cooling is rising.” says an FMI analyst.

The heavy duty heat pump market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of commercial and industrial requirements. Collaboration with local players and developing new technology in the form of advanced heavy duty heat pumps is a prime strategy expected to flourish in the forecast period.

Heavy-duty heat pumps are mostly used in residential, commercial, and industrial industries. It also finds application in CHPCs for ensuring seamless uninterrupted supply of heating and cooling.

Growing DHC Industry Helping Market Growth in the Nordic Countries

With the highest market share for renewable energy, NORDICS has the largest district heating and cooling capacity in the European Union, with Iceland having the largest capacity among all NORDICS nations. The highest DHC demand is seen in Sweden’s urban areas. Sweden also produces 1,022.3 MW of thermal energy overall, with 13 total plants that contain more than 40 heat pumps.

Over 60% of Denmark’s heating and cooling requirements are met by the DHC sector. The reuse of waste heat released by industries is the primary driver of the DHC industry’s expansion in NORDICS. Additionally, this offers a lucrative market for powerful heat pumps.

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Germany’s market helping Heavy Duty Heat Pumps

Due to the rising demand for renewable energy and durable, dependable, and energy-efficient systems that can lower electricity bills in the residential and commercial sectors, the heavy duty heat pump market in Germany will experience noticeable growth. The price of household electricity increasing to US$ 0.371/kWh and the price of business electricity increasing to US$ 0.237/kWh are the main causes of this sudden increase in demand for the cost-effective method of providing electricity.

The demand for renewable energy is rising for several reasons, including volatile fossil fuel prices and growing concern over reducing reliance on traditional heating sources to reduce carbon emissions. Germany generated 8.84 metric tonnes of carbon emissions in 2016. Therefore, to combat this, the government has implemented stricter CO2 emission regulations and established challenging new carbon emission goals.

Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share. Some of the key players in the market are Thermax Ltd., Star Refrigeration, GEA Group, MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, Mitsubishi Heavy Industries, and others.

About Future Market Insights (FMI)

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

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Downhole Tractor Market Is Anticipated To Grow At A CAGR Of 4.9% By 2031

A substantial increase in the focus on developing integrated well intervention technologies such as production logging and pipe inspection and cleaning is expected to remain a key defining factor in the global downhole tractor market. As per a new study by Future Market Insights, the global downhole tractor market is projected to be valued at ~US$312.9 Mn in 2021, expanding at a CAGR of ~4.9% over the forecast period of 2021-2031.

The ongoing crisis caused by the COVID-19 pandemic had a severe impact on the global economy. It has negatively affected supply chain networks and manufacturing activities, as some of the leading economies went under complete or partial lockdown to contain the virus. This subsequently affected the downhole tractor market, causing a significant fall in market growth. However, it is expected to recover as economic activity resumes post the containment of the pandemic.

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Key Takeaways of Downhole Tractor Market Study

We expect 2021 to be a tough year for the downhole tractor market as we project it to record 0.4% Y-o-Y. However, recovery at a positive rate is on card 2022 onwards.
The U.S. is expected to remain one of the key markets, accounting for 65.6% of the market in North America in 2021
With Europe, the U.K. will exhibit sluggish Y-o-Y growth in 2021, which is expected to pick up at the U.K. market registers above 4% Y-o-Y growth in 2022
Germany and France are expected to remain other lucrative markets for downhole tractors in Europe
The demand from Japan and South Korea is expected to increase at a positive pace

“The downhole tractor market is gradually expanding because of increasing integration of the latest technologies to facilitate operation in challenging well bore conditions. Rise in oil and gas investments and increase in oil and gas projects will create attractive opportunities for the market.Key participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise.” says FMI analyst.

We expect the downhole Tractor Market to be an opportunistic market in the forecast period owing to increasing demand from old oil wells for extending their production life. Manufacturers are emphasizing developing customized products as per customer demands along with improved life cycles and higher efficiency. These factors are expected to positively influence growth in the market during the forecast period.

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Who is winning?

The downhole tractor market witnessed moderate consolidation, in which the leading players account for more than 70% of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Halliburton, Schlumberger, Hunting Plc, Baker Hughes, AKER Solutions, WWT International, and Expro Group among others. These players have higher shares in the global market, and have longstanding relationships with several end-users, giving them an upper hand among their peers.

Get Valuable Insights into Downhole Tractor Market

Future Market Insights, in its new study, provides an unbiased analysis of the global downhole tractor market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021 to 2031. The study divulges interesting insights into the market based on the configuration type (2 drive, 3 drive, 4 drive, 4 drive tandem, 6 drive tandem, 8 drive tandem), force (up to 250 lbs, 250 to 500 lbs, 500 to 1,000 lbs. 1,000 to 2,000 lbs, 2,000 to 3,000 lb), application (well intervention, fishing, seismology, water borewell), across six major regions (North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East and Africa).

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Bookends Market to Achieve A High CAGR Of 5.6% During Forecast Period -2031

According to the latest research, sales of bookends is set to witness steady growth with a CAGR of over 5.6% during 2021-2031. Demand for bookends might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the number of readers is expected to see a rise in demand for bookends.

What is Driving Demand for Bookends?

The growing number of reading enthusiast for various fictional, educational, as well as other literature books is mainly leading to adoption of books by high number of population for such purposes and correspondingly, driving the demand for bookends. The growing competition among the achievers has also compelled them to read and study different publications books and has alternatively boosted the need for bookends.

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One of the key factors driving the worldwide bookends market’s growth is rising consumer preference for books to fulfill their hobbies as readers. The market for bookends is predicted to grow in response to rising customer demand for novels, magazines, and other comics. During the forecast period, the introduction of better design bookends, with the goal of ensuring absolute fixation is also likely to boost market expansion.

Trend of Premium Quality Antique Bookends Likely to Augment Sales

Various manufacturers around the world have implemented various techniques to offer better quality bookends to customers in the medium and lower income groups. With growing awareness of better home décor, the consumers demand products that are antique and unique alongside providing some additional feature in the betterment of home utilities. Bookends being one of such has attracted number of customers and fueling the market growth.

Furthermore, with growing disposable incomes the trend of expensive homes with ornamental accessories is on the rise. As a result, with the arrival of such residential and commercial infrastructures demand for premium quality bookends built from various different stones and other wooden materials is likely to skyrocket.

Impact of COVID-19 on Bookends Market

The coronavirus outbreak has had a significant impact on a wide range of organizations as well as all stages of their supply and value chains. Consumer goods is one of the industries that is now suffering as a result of the pandemic.

Raw material supply is one of the most important sections of the consumer goods value chain, where key companies and vendors are experiencing issues due to insufficient logistics, traffic control, and public mobility restrictions in affected nation-states around the world, which can result in supply interruptions. As a result of the epidemic, major market participants have had to reassess their contingency plans and risk management.

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US and Canada Bookends Market Outlook

A primary driving element fueling the adoption of bookends in the US and Canada regions is the high preference of customers for daily commodities over the traditional methods. Developing regions in places such as the US, as well as consumer demand for better quality accessories has fueled the sales volume of bookends. Furthermore, in recent years, there has been a reasonable demand for such commodities due to the vast product offering by players in different sizes and shapes for improved aesthetics in the US and Canada.

One of the major trends in the US and Canada region that is attracting customer attention is the shift from classic to contemporary products offered by players. Sparkling Hues Gems Pvt Ltd., for example, offers a wide range of antique styles, and its Casa Décor is aesthetic in design and complements the minimalism aesthetic with its finishes.

Europe Demand Outlook for Bookends

The European commercial market is likely to be the largest and fastest-growing category in the future years. Many businesses now sell premium and luxury bookends designed exclusively for high-end residential and educational locations. The rising popularity of home remodeling and, as a result, the adoption of fashionable and sophisticated accessories is expected to boost market demand.

During the forecast period, the introduction of animal figure and special character bookends, with the goal of ensuring fulfillment of customer demands with better quality products, is likely to boost the expansion of the bookends market. Due to the rise of educational institutes, which leads to an increase in the construction of libraries, reading areas, and study areas, the bookends market is getting a lot of traction in the region.

Who are the Key Manufacturers and Suppliers of Bookends?

Some of the leading manufacturers and suppliers of bookends include

Sparkling Hues Gems Pvt. Ltd.
TheDecorKart
Etsy Inc.
Inter IKEA Systems B.V
Wayfair LLC
Virtual Expo Group
Knob Creek Metal Arts
among others.

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

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

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Bike Saddles Market Analysis and Market Studies for 2031

The bike saddles market is set to witness steady growth during 2021-2031, with a CAGR of around 8.1% – 8.9%. Growth is expected to be driven by an increase in the number of people cycling as a leisure. The preference for cycling as a convenient form of exercise to ensure a healthy life free from obesity and other disorders is expected to further drive the demand for bike saddles thereby expanding the market.

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What is Driving Demand for Bike Saddles Market?

People are beginning to understand the importance of staying fit and leading a healthy life. They have also started to realize that regular cycling can keep disorders like obesity at bay. The market is likely to grow as more and more people are resorting to cycling as a regular exercise.

In addition, events such as the Tour de France and Ronde Van Vlaanderen are further increasing the popularity of these vehicles. Meanwhile, an increase in cycling events held in various countries in Asia, Africa and the Middle East is promoting the sale of mountain as well as road bicycles which in turn is increasing the demand for bike saddles.

Moreover, the adoption of leather saddles is expected to significantly increase the demand for bicycles as they are incredibly durable and classier. Chinese bike saddles companies are aggressively investing and expanding their operations to capitalize on market opportunities, especially in European countries. This is expected to further boost the growth of the market in the coming years.

Continuous R&D and Celebrity Endorsement is Complementing the Market Sales

Increasing traffic congestion and lack of parking space, especially in metropolitan cities, are prompting people to consider cycling for shorter distances to save time. At the same time, various governments are aggressively pushing the necessary infrastructure to support cycle commutation, encouraging people to opt for bicycles. This is expected to create a considerable demand for such product, thereby creating opportunities for the players operating in the bike saddles Market.

The outbreak of COVID-19 has definitely favored the growth of the market in the coming years as several governments across the world is promoting bicycles as the safest mode of transport, which enables people to maintain social distancing. In addition, the governments of major countries such as the UK and Italy provided subsidies on the purchase of new bicycles during the pandemic. Hence, government support in the form of initiatives and subsidies, as well as increasing awareness about the benefits offered by cycles, augurs well for the growth of the market in the next few years.

US and Canada Bike Saddles Market Outlook

The US and Canada holds the maximum market share of bike saddles during the forecast period. The integration of advanced heated seats in heavy duty cruisers is one of the major trends being observed in the global bike saddles market. The bicycle market is witnessing high demand due to the availability of new models integrated with advanced safety, convenience and comfort systems.

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Europe Demand Outlook for Bike Saddles Market

Europe is expected to see significant growth over the forecast period. Europe is home to some cities that are considered ideal for cycling. Some of the most popular cycling events such as the Tour de France and Ronde van Vlaanderen are also held in Europe. European nations, including Belgium, Denmark, France and Italy, are aggressively advancing the infrastructure to support and encourage cycling and are contributing significantly to the growth of the regional market.

Moreover, the stores also offer personalized/customized shopping options, in which consumers can choose their personalized/customized bicycle saddle design and color. Plus, it allows the customers to get the product instantly. Moreover, availability of various branded bicycles in local supermarkets or other stores is likely to increase the demand for the bike saddles in the coming years.

Who are the Key Manufacturers and Suppliers of Bike Saddles Market?

Some of the leading manufacturers of bike saddles market include

Zhonglu Co.Ltd.
Merida Industry Co. Ltd.
Selle San Marco
Shenzhen Xidesheng Bicycle Co.Ltd.
Shanghai Phoenix Bicycle Co.Ltd.
Its Italia
ISM Seat
Specialized Bicycle ComponentsInc.
The Royal
Giant Manufacturing Co. Ltd.
Trek Bicycle Corporation
Shimano Inc.
WTB
SCOTT Sports SA .
among others.

Bike Saddles Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Key Segments

By Product Type:

Plastic
Leather
Others

By Price Range:

Hybrid Bike
Mountain Bike
Road Bike
Other

By Sales Channel:

Direct Sales
Departmental Store
Online Stores
Other Sales Channel

By Region:

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

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Automotive Steering System Market size is projected to total US$ 33.3 Bn by 2030 | Get Customized Reports

Automotive steering system market is projected to total US$ 23.2 Bn in 2022, growing at a healthy 4.6% CAGR, the market size is projected to total US$ 33.3 Bn by 2030.

Increasing use of advanced technology, such as sensors and traction control systems is boding well for the growth of the global automotive steering system market. However, according to an FMI study, the COVID-19 pandemic continues to obstruct automotive production activities, worldwide, as some of the most affected countries house major automotive production hubs, such as Germany, the UK, India, and the U.S. The pandemic is likely to have a measurable impact on consumer demand in the short term, with automotive sales in Germany registering a 40% drop in Q1 of 2020. Tier-2, and especially tier 3 suppliers of automotive steering systems are poised to get adversely affected by pandemic-related disruptions.

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The global automotive steering system market is likely to experience a V-shape recovery growth curve, owing to an increase in automotive production in emerging countries such as China, Mexico, and India. As such, the market will witness rapid resurgence post containment of the COVID-19 pandemic.

The global automotive steering system market value of US$ 23.2 Bn in 2022, and is projected to exhibit a CAGR of 4.6% during the forecast period (2022–2030).

Key Takeaways of Automotive Steering Systems Study:

Active safety technologies such as antilock breaking systems (ABS) and electronic stability control (ESC) are becoming commonplace in the automotive sector for improved safety; thus, fueling the demand for automotive steering systems.
Increasing adoption of advanced technologies and power steering systems in mid-size, compact, and light commercial vehicles (LCVs) is expected to positively influence the automotive steering system market.
Electric power steering is expected to be highly preferred over other technologies, as it offers simplified tuning, packaging flexibility, and engine-off steering assist.
Key manufacturers in automotive steering system market are innovating automotive steering systems to increase control and stability by using sensors and traction control systems for the detection of vehicle skidding movements as well as to counteract them, which complements the safety features of automotive steering systems.

“Autonomous vehicles and connected cars are rapidly becoming mainstays, and are expected to pave the way for future-proof systems where computers would replace human drivers, thus creating positive growth prospects for players in the automotive steering system market. In addition, the ongoing COVID-19 pandemic is likely to alter how key players establish their supply chains in the coming years, where, putting more focus on decentralization is likely to happen.”

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Automotive Steering System Market Participant Insights

The global automotive steering system market is highly consolidated, with the top ten players in the market holding nearly 70% value share. Leading players are looking to expand their business operations in emerging markets and increase value-addition in their product offerings through portfolio rationalization.

Launching advanced products that offer umpteen operational benefits in tandem with fulfilling existing safety regulations will help key players achieve product differentiation as well as scale-up their presence in the global automotive steering system market.

Key Segment

Technology

Electronic Steering
- H-EPS
- C-EPS
- P-EPS
- R-EPS
Hydraulic Steering
Manual Steering
Electro-hydraulic Steering

Vehicle Type

Passenger Cars
- Compact
- Mid-size
- Premium
- SUVs
Light Commercial Vehicles
Heavy Commercial Vehicles

Region

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

Some of the key players mentioned in the automotive steering system market study are JTEKT Corporation, Nexteer Automotive Group Ltd, Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd, Robert Bosch GmbH, and NSK Steering System Co. ltd.

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Report Metrics & Details

Base Year – 2019
Historical Period – 2015-2019
Forecast Period – 2020-2030
Market Value in 2019 – US$ 22.8 Bn
Segments Covered – Technology, Vehicle Type, and Region
Regions Covered – North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa.
Key Companies – JTEKT Corporation, Nexteer Automotive Group Ltd., Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd., Robert Bosch GmbH, and NSK Steering System Co. Ltd.
Growth Drivers –
- Upsurge in automotive production
- Increasing sales of electric vehicles
- Rising adoption of connected technologies in automobiles

About Future Market Insights (FMI)

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

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External Fixators Market to surpass US$ 2.7 Billion by 2028, Says Future Market Insights

The external fixators market is projected to continue its steady growth on account of the widespread prevalence of osteoporosis coupled with rising incidences of accidental fractures.

The external fixators market is estimated to expand at a high CAGR of 8.1% during the report period (2022–2028), with market valuation surpassing the US$ 2.7 billion mark by 2028 end. According to the FMI external fixators market report, technologically and innovative advancements are anticipated to further firm-up the adoption of external fixators.

In recent years, orthopedic treatments have witnessed a paradigm shift from the conventional highly-invasive to minimally-invasive procedures as the latter promises early return-to-motion with negligible infection risks.

The computer-aided external fixators have been built upon the strengths of conventional external fixators by boosting the device convenience and versatility in complex cases. The FMI report on external fixators market opines that computer-aided external fixators could witness increased adoption, expanding considerably in the forthcoming years.

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“Alternative orthopedic disorders’ treatment options, including bone glue designed for joint replacement, could hinder global external fixators market growth considerably. Several external fixators’ manufacturers are prioritizing novel technologically-advanced product development, but stringent rules and regulations in tandem with the lengthy approval procedures are making market-penetration challenging for new devices. This is prompting patients to opt for external fixators’ alternative. Additionally, widespread prevalence of surgical-site infections in the case of orthopedic trauma operations over surgical specialties, is another vital factor ebbing progress of external fixators market,” says a lead analyst at Future Market Insights.

Amid the numerous challenges in external fixators market, manufacturers are increasingly focusing on novel product launches, mergers, expansion, acquisitions, and deals, while also implementing forward growth strategies to proliferate the sales of their offerings in broader geographies.

As per FMI external fixators market report, manufacturers are also prioritizing New Product Development (NPD) strategies to reinforce their footprint in Asia Pacific region, which is the hotbed of opportunities in external fixators market.

External fixators’ manufacturers are leveraging 3D printing to build patient-focused devices with complex internal structures. Owing to 3D printings’ myriad benefits in the orthopedic industry, such an inclusion is expected to fuel sales of external fixators.

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As per the FMI report on external fixators market, moguls in the external fixators market, including the leading four players Stryker Corporation, Smith & Nephew, DePuy Synthesis, and Zimmer, accumulatively hold nearly half the external fixators market share.

The external fixators market represents a highly consolidated landscape, with most of the growth opportunities emerging in North America. However, the report comprehends that a fortified global external fixators market will result in high-priced devices.

Geographically, North America is projected to hold roughly 35% share of external fixators market, however, New Zealand and Australia are anticipated to present most lucrative growth opportunities in Asia Pacific market, followed by Latin America and Middle-East and Africa.

The external fixators’ manufacturers are targeting emerging markets owing to increased procedural awareness, in tandem with sophisticated diagnostics capabilities in these regions, propelled by proliferating demand for affordable and quality healthcare.

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External Fixators Market By Category

Product Type :

Manual Fixators
Computer Aided External Fixator

Application :

Orthopedic Deformities
Fracture Fixation
Infected Fracture or Non-Unions
Limb Correction
Others

End User :

Hospitals
Ambulatory Surgical Centers
Orthopedic and Trauma Centers

Region :

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
Middle East & Africa

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Animal Model Market size projected to reach US$ 2.4 Bn by 2028 | Get Customized Reports

The global Animal Model Market is estimated to be valued at US$ 1.7 Bn in 2022, and is projected to reach US$ 2.4 Bn by 2028, registering a healthy CAGR of 6.6% from 2022 to 2028.

According to a recently compiled study by Future Market Insights, the global Animal Model Market will reflect an impressive CAGR through the forecast period, 2017 to 2026. Revenues from the global market for animal model are poised to surpass US$ 2,200 Mn by 2026-end.

Leveraging Animal Models offers Better Understanding of Different Diseases

Animals and human beings share a common biological as well as physiological structure. Animals possess shorter life cycle, however they have high genotype resemblance. It is simple and easy to control the animal environment as compared to the human beings.

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Key Takeaways from FMI’s Report on Global Animal Model Market

North America is expected to remain the largest and fastest expanding market for animal model, with revenues estimated to surpass US$ 800 Mn by 2026-end. Between animal model markets in Asia-Pacific and Europe, the former will account for relatively larger revenue share, whereas the latter will expand at a comparatively higher CAGR through 2026. Although the market in South Korea will account for the lowest market revenue share, revenues are projected to expand at a relatively higher CAGR than those from the markets in Latin America and Middle East & Africa (MEA) through 2026.

On the basis of species, revenues from rats and mice are projected to account for over two-fifth share of the market by 2026-end. Revenues from use of rats in animal models will expand at the highest CAGR in the market through 2026. In addition, revenues from use of cats and monkeys in animal models will rise at a nearly equal CAGR through 2026. Dogs and pigs are expected to remain the least lucrative species used in animal models during the forecast period.

Contract research organizations (CROs) and biotechnology companies are anticipated to remain the fast expanding end-users of animal models. Revenues from these two end-users are collectively forecast to surpass US$ 850 Mn by 2026-end. In terms of revenues, academic & research institutions and pharmaceutical companies will continue to be dominant end-users in the global animal model market.

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Basic and applied research application of animal model will continue to register the fastest expansion through 2026. However, drug discovery/development will remain the most lucrative application of animal model.

Key companies actively contributing to growth of the global animal model market include Transposagen Biopharmaceuticals, Inc., Envigo CRS SA, Crown Bioscience, Inc., Eurofins Scientific SE, Genoway SA, Taconic Biosciences, Inc., Trans Genic Inc, The Jackson Laboratory, Horizon Discovery Group plc, and Charles River Laboratories International, Inc.

Key Segments of Animal Model Industry Research

Animal Model Market by Species:

Rats
Mice
Guinea Pigs
Rabbits
Monkeys
Dogs
Pigs
Cats
Other Species

Animal Model Market by End User:

Academic & Research Institutions
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

Animal Model Market by Application:

Basic and Applied Research
Drug Discovery/Development

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Animal Model Market by Region:

North America Animal Model Market
Latin America Animal Model Market
Europe Animal Model Market
East Asia Animal Model Market
South Asia & Pacific Animal Model Market
Middle East & Africa (MEA) Animal Model Market

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Cardiopulmonary Bypass System Market is forecasted to be reach at US$ 271 Mn by 2032, Get Insights FMI

The Cardiopulmonary Bypass System Market is anticipated to reach US$ 271 million in value by 2032, up from US$ 192 million in 2022, growing at a CAGR of 3.2% over the forecast period.

Cardiopulmonary bypass system is medical device that takes over the function of heart and lungs for temporary basis during the cardiac surgery. Cardiopulmonary bypass system helps in maintaining the blood circulation and flow of oxygen within the body. Cardiopulmonary bypass system is used during the open heart surgery because of the difficulty of operating on the beating heart. Cardiopulmonary bypass system is a five pump heart-lung machine providing cardiopulmonary support during open-heart surgery.

Cardiopulmonary bypass system mainly consist of two main component, the pump and the oxygenator which remove oxygen-deprived blood from a patient’s body and replace it with oxygen-rich blood through a series of hoses. At the time of open surgery, blood returning to heart is diverted to through a heart-lung machine (a pump-oxygenator) before returning it to the arterial circulation.

Cardiopulmonary bypass system does the work both of the heart (pump blood) and the lungs (supply oxygen to red blood cells). Cardiopulmonary bypass system nourishes the blood cells and allows them to continue cellular respiration even through surgery.

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Cardiopulmonary Bypass System Infection Market: Dynamics

The major factors driving the growth of Cardiopulmonary Bypass System market are rising prevalence of cardiac diseases and increasing geriatric population. The rise in disposable income and growing healthcare expenditure is fueling the growth of the Cardiopulmonary Bypass System market. Favorable reimbursement policies and increasing government support by developing economies has also responsible for the growth of the Cardiopulmonary Bypass System market. Awareness campaign by NGO about awareness of cardiac diseases is low driving factors for Cardiopulmonary Bypass System market. New innovative technologies and increasing product launch for Cardiopulmonary Bypass System has upsurge the growth of this market. On the other hand, the high cost of cardiac surgery and risk of failure during the surgery can hamper the growth of Cardiopulmonary Bypass System market.

Cardiopulmonary Bypass System Market: Segmentation

By Product Type:

Conventional
Mini

By Modality:

Standalone
Portable

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Research Centers

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Cardiopulmonary Bypass System Market: Overview

The global Cardiopulmonary Bypass System is expected to show significant growth over the forecast period due to rising prevalence of cardiac diseases. The increasing number of the patient undergoing cardiac surgeries has increased the demand for Cardiopulmonary Bypass System. Cardiopulmonary Bypass Systems are segmented on the basis of product types, modality and end user. On the basis of product type Cardiopulmonary Bypass System is classified Conventional Cardiopulmonary Bypass System and Cardiopulmonary Bypass System.

Conventional Cardiopulmonary Bypass System is expected to dominate the market share in term of value for this market. On the basis of end-user Cardiopulmonary Bypass System market is classified as hospitals, ambulatory surgical center and cardiac research centers. Among all the end user hospitals are expected to gain maximum market share in term of value. The manufacturing of low-cost Cardiopulmonary Bypass Systems by manufacturing companies can provide the opportunity for this market to grow more in low economic countries.

Cardiopulmonary Bypass System Market: Regional Overview

On the basis of regional presence global Cardiopulmonary Bypass System are classified into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. North America is the most lucrative market for Cardiopulmonary Bypass System due to high healthcare infrastructure and favorable reimbursement scenario. After North America, Cardiopulmonary Bypass System market is then followed by Western Europe and Asia-Pacific excluding Japan. In APEJ region, India and China are the major markets for Cardiopulmonary Bypass System due to the high prevalence of cardiac diseases and increasing geriatric population.

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Cardiopulmonary Bypass System Market: Key Players

Examples of some of the market participants in Cardiopulmonary Bypass System market identified across the value chain include Sorin Group, Braile Biomedica, Transonic, Spectrum Medical, Minnetronix, Inc., Medtronic plc., MAQUET Holding B.V. & Co. KG. and others. Major market players of Cardiopulmonary Bypass System market are focusing on mergers and acquisitions to retain their market share.

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Life Science and Chemical Instruments Market is expected to grow at a CAGR of 5.3 % during the forecast period

Future Market Insights, in its latest business report, elaborates on the current situation of the global Life Science and Chemical Instrumentation market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Life Science and Chemical Instrumentation market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

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Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Life Science and Chemical Instrumentation market?
What are the drivers and challenges affecting the Life Science and Chemical Instrumentation market demand?
What are the recent technological advancement in the Life Science and Chemical Instrumentation market?
What are key trends and opportunities that will prevail the revenue growth of Life Science and Chemical Instrumentation market players?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Life Science and Chemical Instrumentation market?

Life Science and Chemical Instrumentation Market: Segmentation

Based on the areas the technologies, the life science and chemical instruments market can be categorized as follows:

Chromatography
Electrophoresis
DNA sequencers and amplifiers
Laboratory automation
Spectrometry
Flow cytometry
Microarrays

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The Life Science and Chemical Instrumentation market research gets rid of the following queries:

How the market for Life Science and Chemical Instrumentation is expected to shape in the coming ten years?
What strategies are the Life Science and Chemical Instrumentation market vendors implementing to stay ahead of their rivals?
Why are consumers shifting towards alternative Life Science and Chemical Instrumentation products?
What innovative technologies are the Life Science and Chemical Instrumentation players using to get an edge over their rivals?
What are the restraints affecting the growth of the global Life Science and Chemical Instrumentation market?

Reasons to Buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.

The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Life Science and Chemical Instrumentation market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Telehealth Kiosk Market anticipated to be valued at US$ 40 Billion by year 2032-end, Says Future Market Insights

Telehealth Kiosk Market demand is estimated to be valued at US$ 12 Billion in 2022 globally, rising with an opulent CAGR of 12.79% surpassing the valuation of US$ 40 Billion from 2022 to 2032.

Being an essential component of future healthcare systems and programs, telehealth kiosks utilize Telecommunication Technology that allows healthcare professionals to treat patients from a distance.

The telehealth kiosk programme, which incorporates telemedicine features such as telephony and video conferencing with healthcare providers, assists patients in saving money on healthcare by reducing visit and wait times.

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Key Takeaways

Telehealth kiosks have exceptional features such as the ability to store and transmit diagnostic data as well as reports. This capability of telehealth kiosks facilitates access to specialists from any location.
Patients benefit from the systems’ tools for tracking vital signs and other health data. Telehealth kiosks have the potential to reduce the number of transfers from one facility to another, lowering transportation costs and allowing for earlier diagnosis.
They are intended to meet specific healthcare needs by combining clinical examination devices such as a stethoscope, SpO2 sensors, and a blood pressure monitor into a single solution.
Stuffed with special features such as ADA assistance devices for patients who are deaf, blind, or have limited mobility, the market is likely to propel significant growth in the future.
The Asia Pacific telehealth kiosk market, excluding Japan, is expected to grow rapidly during the forecast period due to rising healthcare spending and increased digitalization.

Competitive Landscape

American Well, Olea Kiosks Inc., Computerized Screening Inc., H & S Quality in Software SpA, AMD Global Telemedicine, Inc., InTouch Health, Computerized Screening Inc., ZIVELO Inc. are some of the key companies profiled in the full version of the report.

The increased adoption of telemedicine services, technological advancement, and a significant increase in the need for emergency consultation is contributing immensely to the telehealth kiosk market.

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More Insights into the Telehealth Kiosk Market Overview

Western Europe is expected to contribute the second largest revenue share in the telehealth kiosk market, according to Future Market Insights, due to increased adoption of telemedicine services, technological advancement, and an increase in the need for emergency consultation.

The Asia Pacific market is expected to grow rapidly due to rising healthcare spending and increased digitalization.

Over the forecast period, the increasing use of telehealth kiosks as digital pharmacies is expected to drive the growth of the telehealth kiosks market.

Telehealth kiosks can only dispense a limited number of commonly used medications. Strong reimbursement policies for telemedicine carts have also contributed to the growth of the telehealth kiosk market.

Telehealth kiosks are becoming increasingly popular in developed countries due to high demand for healthcare cost reduction. Increased collaboration with manufacturers, hospitals, and pharmacies for telehealth kiosks is expected to support the growth of the telehealth kiosk market.

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Key Segments Profiled in the Telehealth Kiosk Industry Survey

Application: