Ophthalmic Lasers Market is projected to increase from a valuation of US$ 884.3 Million in 2022

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

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

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

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Market Outlook:

Data Points Market Insights
market Value 2021 USD 838.4 Mn
market Value 2022 USD 884.3 Mn
market Value 2030 USD 1.3 Bn
CAGR 2022-2030 5.4%
Share of Top 5 Countries 60.4%
Key Players The key players in ophthalmic lasers market are Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, LLC, NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, and SCHWIND eye-tech-solutions GmbH & Co. KG.

Ophthalmic Lasers Market- Key Highlights

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

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COVID-19 Impact Analysis

The novel coronavirus pandemic will have a significantly high impact on the ophthalmic lasers market. As lockdowns and curbs continue to remain enforced, the number of footfalls across ophthalmology clinics and hospitals have declined considerably. Patient care has diminished by nearly 60%, with only emergency surgeries being permitted.

With in-patient visits becoming next to impossible, ophthalmologists are resorting to telemedicine with regards to consultation and advice to patients. A slump is anticipated in refractive and premium lens surgeries across developing economies in the long-run, attributed to cash crunches experienced by individual households due to the prolonged lockdowns.

At the same time, several countries are enforcing strict social distancing protocols and hygiene practices, keeping demand for ophthalmic laser surgeries sustained. For instance, ophthalmologists in Germany have made it a protocol to test patients requiring intravitreal injections and other procedures for COVID-19. If positive, they are redirected to emergency departments, reducing chances of infection.

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

Competition Dashboard

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

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

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

More Insights on the Ophthalmic Lasers Market

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

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Ophthalmic lasers market by Category

By Product :

  • Excimer Lasers
  • Femtosecond Laser

By Application :

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

By End user :

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Sleep Aid Devices Market is estimated to be valued at US$ 29,200 Million by the end of 2026

Multiple government & non-government societies such as ASAA (American Sleep Apnea Association) and Circadian Sleep Disorder Networks have underpinned the growth of the sleep aid devices market by organizing various sleep cognizance programs pertaining to the importance of sound sleep. As a result, there has been a significant rise in the demand for sleep aid devices for the treatment of sleep-related disorders.

According to a recently published research report by Future Market Insights (FMI), the global sleep aid devices market is projected to be valued at US$ 29,200 Mn by the end of 2026. Increasing stress levels and rise in the sleeping disorders such as sleep deprivation, narcolepsy, restless legs syndrome, sleep apnea, and insomnia have necessitated the need for medical intervention. Among the various options available to healthcare providers and patients, the adoption of sleep aid devices has grown steadily.

Disposable income in the developing economies has been constantly increasing, which has upgraded the lifestyle of people. A sheer demand for advanced and secured sleep aid devices has been witnessed in these markets, on the back of enhanced spending capacity of the consumers. These factors have offered a lucrative growth opportunity to the manufacturers of these devices and as a result, the global sleep aid devices market is predicted to clock an impressive CAGR of over 4% by the end of 2026.

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Proclivity for Smoke and Alcohol Drives the Sales of Sleep Aid Devices at the Global Level

Increasing geriatric population and sleep disorders associated in this demography have created a robust demand for the sleep aid devices. Furthermore, a rise in the sedentary lifestyle and the comorbidities such as heart disease, obesity, stroke, type 2 diabetes, and atherosclerosis have resulted in the widespread utilization of sleep aid devices. Proclivity of adults for smoking, drug abuse, and alcohol at a global level have been a driving factor for the growth of the sleep aid devices market.

North America to Lead the Global Sleep Aid Devices Market, Europe Second Largest Market

As per the insights extracted from the descriptive study based on the sleep aid devices market, the market of Europe and North America reigns supreme on the back of reimbursement provided by the government. Moreover, a rise in the per capita medical expenditure of the consumers hailing from these regions has alongside contributed to the growth of the global sleep aid devices market.

As compared to the developed economies in North America and Europe, the sleep aid devices market in the emerging economies will witness an impressive rate of growth, on account of supportive government policies and ongoing development in the healthcare sector.

Comprehensive Look at the Competitive Landscape of the Global Sleep Aid Devices Market

Key information obtained from the market study includes an analytical view of the key players transforming the current sleep aid devices market scenario. This descriptive report highlights companies such as

  • ResMed Inc.
  • Sleep Number Corporation
  • Koninklijke Philips N.V.
  • Responsive Surface Technology LLC
  • Simmons Bedding Company LLC
  • Eight Sleep Inc.
  • Electromedical Products International, Inc.
  • Ebb Therapeutics
  • Sleepace Inc.
  • Kingsdown, Inc.
  • Drive DeVilbiss Healthcare LLC
  • SleepMed Inc.
  • Cadwell Laboratories Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Drive Medical Ltd.

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Key companies such as Tempur Sealy International, Simmons Bedding Company LLC, Sleep Number Corporation, Dreams, ResMed, and Koninklijke Philips N.V. procure a major share in the sleep aid devices market. Aforementioned manufacturers are endeavoring into developing new products for diversifying their portfolio in the sleep aid devices market. Key manufacturers of sleep aid devices market are collaborating with retailers, distributors, and local wholesalers, in order to expand their operations

Domestic companies are competing depending on their channel management and pricing of the sleep aid devices. On the other hand, key players in the sleep aid devices market are concentrating their efforts on devising effective marketing strategies in order to increase the penetration of their products.

Table Of Content

  • Executive Summary
    • Market Overview
    • Market Analysis
    • PMR Analysis and Recommendations
    • Wheel of Fortune
  • Market Introduction
  • Market Definition
  • Market Taxonomy

Sleep Aid  Devices Market Opportunity Analysis 

  • Macro-Economic Factors
  • Opportunity Analysis

 Market Background

  • Value Chain Analysis
  • Market Dynamics
  • Drivers
  • Supply Side Drivers
  • Demand Side Drivers
  • Restraints
  • Key Trends

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Global Economic Outlook

  • 1. Gross Domestic Product by Region & Country, 2016 – 2021
  • 2. Medical Devices Sector Outlook
  1. Key Inclusions
  • 1. Disease Epidemiology, Statistics
  • 2. White Space Opportunities Narcolepsy and Obstructive Sleep Apnea Diseases
  • 3. Technology Assessment

6.4. Regulatory Guidelines

6.5. Pricing Analysis

  1. North America Sleep Aid  Devices Market Analysis 2013–2017 and Forecast 2018–2026
  •  Introduction
  •  Historical Market Size (US$ Mn) Trend Analysis By Country, 2013–2017
  • Canada
  • Market Size (US$ Mn) Forecast By Country, 2018–2026
  •  Historical Market Value (US$ Mn) and Volume Units Trend Analysis By Product Type, 2013 –  2017

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Homecare Dermatology Energy-based Devices Market Key Players – Procter & Gamble, Tria Beauty and Conair Corporation, Procter & Gamble, Tria Beauty and Conair Corporation

Growing commercialization of advanced technology in homecare dermatology and frequent introduction of user-friendly dermatology services are collectively boosting the growth prospects for homecare dermatology energy-based devices landscape at a global level.

According to a newly released intelligence report by Future Market Insights, exhibiting nearly 5% year over year growth in revenue, the global homecare dermatology energy-based devices landscape is likely to be worth over US$ 550 Mn in 2020. While maximum incremental opportunity is projected for China and APEC, North America – despite being the global leader – is likely to witness moderate growth in coming years.

Rapidly growing demand for homecare devices as a result of a paradigm shift from conventional clinics to in-house, non-invasive energy treatments is prominently responsible for healthy revenue growth projections for homecare dermatology energy-based devices.

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Technological advancements in these devices are widening their application base, thereby pushing the rate of adoption further at a global level. Another strong push factor associated with homecare dermatology energy-based devices includes their availability as the OTC products.

  • Product type analysis of market landscape reveals that laser and IPL (intense pulsed light) equipment are enjoying the highest sales, whereas LED equipment is projected to emerge as the most attractive segment in homecare dermatology energy based devices space in the near future.
  • Hair removal and acne, followed by wrinkles treatment, are reportedly the most extensively sought after applications of homecare dermatology energy based devices.
  • E-commerce dominates all other distribution channels, according to the report. Hyper markets and super markets also remain among the preferred channels for product distribution.

Key Players :

  • Shenzhen Leaflife Technology Co. Ltd.
  • Dezac group ( Rio Beauty)
  • Norlanya Technology Co.
  • Home Skinovations Inc.
  • Koninklijke Philips
  • Johnson & Johnson Consumer Inc.
  • Procter & Gamble
  • Tria Beauty and Conair Corporation.

A Bird’s Eye View of the Global Landscape

“The global market for homecare dermatology energy based devices is a highly consolidated landscape, wherein the top two players collectively account for around 60% share of the market revenue. Koninklijke Philips, with more than a third of the market value share, secures the top position with its extensive portfolio of intense pulsed light devices used for hair removal,” explains a senior research analyst while offering the inclusions of the company’s recent report on the global homecare dermatology energy based devices market.

Adding further to the information about the market competition, the analyst says, “A majority of companies are prioritizing product innovations in LED, IR, and lasers segments. Moreover, a large number of market players are taking efforts for extended product reach through retail partnerships, in addition to NPD for a wider application base. Companies are also observed to be focusing on collaborations and acquisitions to reshape their product distribution strategy for better profitability”.

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FDA Approvals Are Relatively Easy

Relatively easy and faster FDA approvals for homecare dermatology energy based devices are driving improved appearance of these devices in tandem with the latest handheld gadgets, which prominently curtail the need for frequent visits to professional cosmetic treatment centers.

A recent example includes FDA clearance for Titan – the anti-aging device launched by Skinovations Inc. later in 2017.

On a similar line, North American and European markets for homecare dermatology energy based devices are witnessing remarkable adoption in recent years. FMI identifies a slew of business expansion opportunities in the aforementioned regions for manufacturers of homecare dermatology energy based devices.

Moreover, growing R&D efforts as manufacturers in the US zoom in on the production quality, is likely to shape the performance of North America’s market for homecare dermatology energy based devices.

Combination of Technologies for Better Treatment Output

Making the most of the best attributes of LED and lasers technologies, a new trend among manufacturers now involves the combination of both the technologies for manufacturing homecare dermatology energy based devices. While these devices are claimed to be effectively reducing fine lines and improving skin tone with LED, lasers enable them to be highly target specific. A recent example is of YA-MAN’s RF Beaute Photo PLUS.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Endoscopy Fluid Management Systems Market Key Players : Smith & Nephew, Stryker Corporation, Medtronics Plc., Olympus Corporation, Richard Wolf GmbH

According to the FMI study, as the Tier 1 players continue to contribute over 70% share of the market revenue, the global endoscopy fluid management systems landscape remains a highly consolidated space.

Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.

The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.

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Top 3 Insights from Key Players Analysis

While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future. Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies. Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers. “Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Prominent Players:

Karl Storz GmbH & Co KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew
Stryker Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
Cantel Medical Corporation
Medtronics Plc.
B. Braun Medical Inc. and Hologic Inc

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Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

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Segmentation

The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.

From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Pharma Grade Synthetic Camphor Market is expected to register the growth of 4.2% CAGR from 2022 to 2028

[253 Pages Report] According to the latest research by the company, the global pharma-grade synthetic camphor market size is anticipated to be valued at US$ 532.0 Mn, by 2028 end.

The report on pharma-grade synthetic camphor market further projects significant growth potential with average year-on-year growth rate pegged at 4.1% through 2028.

Growing demand for topical pain management products is expected to propel the growth of pharma-grade synthetic camphor market. Pharma-grade synthetic camphor is used in many topical analgesic products such as oils, ointments, chest rubs, and gel.

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These pharma-grade synthetic camphor pain management products are experiencing significant growth due to lesser side effect compare to oral analgesic and expanded retail channel access. Increasing self-medication rate and availability of cost-effective camphor contained OTC analgesic favors the growth of pharma-grade synthetic camphor market growth.

pharma grade synthetic camphor market

Growing incidence of infectious diseases such as cold, flu augmented the use of cold sore remedies, nasal decongestants, topical expectorants etc. which in turn would drive the growth of pharma-grade synthetic camphor market. Increasing use of private labeled topical products containing camphor push the demand for pharma-grade synthetic camphor.

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Private label analgesic is gaining popularity in the U.S. market as they do not require FDA approval and strong promotion activities by retailers. Walgreens Ultra Strength Muscle Rub (4% camphor), Salonpas pain relieving patch (1.2% camphor) are the examples of private label analgesic which contain camphor. Surge in commodity export, economic growth and production capacity are expected to boost the growth of pharma-grade synthetic camphor market.

However, regulatory restrictions on the use of camphor in the medicine of pharmaceutical products would considerably impact the growth of pharma-grade synthetic camphor market. Moreover, increasing raw material prices are expected to hamper the growth of pharma-grade synthetic camphor market. Thus, growing prices of raw materials i.e. alpha pinene or turpentine oil is a major challenge for the manufacturers of pharma-grade synthetic camphor.

Company has segmented the global pharma-grade synthetic camphor market into formulation, application, distribution, and regions. Based on the formulation, pharma-grade synthetic camphor market is segmented into topical and inhalation. The topical segment is expected to represent a highest revenue share in pharma-grade synthetic camphor market as high number of marketed products and vast applications. Applications of pharma-grade synthetic camphor included in the report are respiratory disorders applications, muscular rheumatism, counterirritant & antipruritic and others (topical analgesic, cold sores, minor burns, antifungal, hemorrhoids, topical antitussive & expectorant, astringent, rubefacient, etc.). Others segment expected to contributes highest market value in global pharma-grade synthetic camphor market. Based on the distribution channel, pharma-grade synthetic camphor market is segmented into conventional B2B and online B2B channel.  In terms of revenue, conventional B2B segment would hold significant revenue share in pharma-grade synthetic camphor market over the forecast period.

On the basis of region, the global pharma-grade synthetic camphor market has been segmented into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America is expected to contribute highest revenue share in global pharma-grade synthetic camphor market. The demand of pharma-grade synthetic camphor has increased in North America, as increasing production of camphor contained private label and OTC products. China is expected to witness the highest growth rate in pharma-grade synthetic camphor market due to presence of the larger number of pharma-grade synthetic camphor manufactures. Pharma-grade synthetic camphor manufactures are mainly concentrated in China and India and they export their chemicals to the U.S. and Europe. Moreover, due to its growing contribution to the global industry, Asia Pacific is emerging as a focused destination for global manufacturers of camphor and related chemicals.

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Report tracks some of the key companies operating in the global pharma-grade synthetic camphor market. Representative players included in the global pharma-grade synthetic camphor market report are Merck KGaA, Oriental Aromatics Limited, Saptagir Camphor Limited, Mangalam Organics Limited, Nippon Fine Chemical Co., Ltd., Rochem International, Inc., Spectrum Chemical Mfg. Corp., Aldon Corporation, Prinova Group LLC. and Fengchen Group Co., Ltd. Manufactures are focusing on improvement of the supply chain which expected to provide huge opportunities to them over the forecast period.

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 keyword 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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Digital Radiography Detectors Market to reach a valuation of US$ 2,713.7 Million by 2026

New products that can be used to upgrade the current analog and CR detector systems to digital radiography systems—especially catering to small hospitals and imaging centers, is likely to accelerate the growth of digital radiography detectors market in the next eight years.

The global demand for digital radiography detectors is expected to grow at a robust pace over the eight-year forecast period, 2018-2026. As projected in a recently released market intelligence, Future Market Insights expects the global digital radiography detectors market to reach a valuation of US$ 2,713.7 Mn by 2026, exhibiting a promising 6.1% CAGR during 2018-2026.

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Increase in number of radiography tests performed globally each year coupled with introduction of new and advanced imaging equipment by key market players will remain predominant factors pushing the demand for digital radiography detectors – with significant adoption of direct flat panel detectors. Moreover, considering distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film based), digital radiography detectors are expected to witness high traction in the coming years.

North America and Europe are likely to remain the dominant regions in the digital radiography detectors markets, attributed to growing demand for X-ray Detectors and strong geographical presence of major manufacturers, respectively. Moreover, manufacturers of digital radiography detectors are increasingly focusing on launching products in emerging countries considering an unmet demand for digital radiography detectors and significant dependence on analog (film based) detectors.

Digital Radiography Detectors Market: Key Players

  • Varex Imaging Corporation
  • Thales Group
  • Agfa-Gevaert N.V
  • Onex Corporation (Carestream Health)
  • FUJIFILM Holdings Corporation
  • Analogic Corporation
  • Canon Inc.
  • DRTECH Corporation
  • Hamamatsu Photonics k.k.
  • KONICA MINOLTA INC.
  • Rayence Co. Ltd.
  • Teledyne Technologies Incorporated

The global market for digital radiography detectors is highly consolidated, with top players including Varex Imaging Corporation and Trixell holding close to 47% of the total market share. FMI expects key market players to focus on strategic acquisitions and collaboration and emphasis on cost effective product development, in addition to augmenting investments in product innovations and NPD.

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A large number of players in the market are also investing in R&D and introduction of new products based on proprietary technologies, with focus on product differentiation. Moreover, shifting preference toward direct digital radiography (DDR) and a-Si detectors would present new market opportunities for emerging players working on innovative product offerings. Furthermore, imaging equipment manufacturers have an opportunity to improve their revenue stream by providing cloud storage services for medical imaging and information management, without scrapping of existing Picture Archiving and Communication (PACS).

Promising benefits of using indirect conversion technique of the digital radiography (DR) technology which involves use of amorphous silicon (a-Si) photodiodes and cesium iodide (CsI) scintillators for X-ray detection is projected to drive the adoption of digital radiography detectors. The benefits of Si X-ray detectors, mostly used in dental CBCT and orthopedic imaging includes lower patient radiation dose, reduced exam time, lower noise, and increased efficiency. More advanced applications in Mammography imaging and breast CT have pushed key players to expand their product offerings, with designs and technologies specific to aforementioned imaging.

However, high cost of C-arms compared to traditional X-Ray systems could inhibit the adoption of Fluoroscopy Imaging Systems, especially in low and middle income countries with lower rate of healthcare expenditure. Additionally, new technologies with improved benefits such as improved spatial image resolutions, better image quality owing to lower pixel imaging, and increased cost-benefit ratios are projected to restrict the growth of digital radiography detectors market.

The global digital radiography detectors market is segmented on the basis of product type into:

  • Indirect Flat Panel Detectors
  • Direct Flat Panel Detectors
  • Computed radiography (CR) Detectors

The report analyses the digital radiography detectors market on the basis of panel size and presents the forecast in terms of value for the next 8 years. On the basis of the panel size, the global digital radiography detectors market is segmented into:

  • Large Area Detectors
  • Small Area Detectors

The report analyses the digital radiography detectors market on the basis of the modality and presents the forecast in terms of value for the next 8 years. On the basis of the modality, the global digital radiography detectors market is segmented into:

  • Portable Detectors
  • Fixed Detectors

The report analyses the digital radiography detectors market on the basis of the module type and presents the forecast in terms of value for the next 8 years. On the basis of the module type, the global digital radiography detectors market is segmented into:

  • Digital X-ray Systems
  • Retrofit X-ray Systems

Next, the report analyses the digital radiography detectors market on the basis of regions and presents the forecast in terms of value for the next 8 years. On the basis of regions, the global digital radiography detectors market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe

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  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific excluding China & Japan (APEJ)
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • South Africa
    • Rest of MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Carpal Tunnel Release Systems Market to US$ 863.2 Million by 2029 | FMI

Driven by the rising prevalence of carpal tunnel syndrome, global sales of carpal tunnel release systems surpassed a market value of 563.6 Mn in 2021. Carpal tunnel release systems market is poised for a healthy growth outlook during 2022 – 2029. Growing availability of efficient carpal tunnel release surgery equipment is another strong factor that would continue to bolster the growth of carpal tunnel release systems.

A. M. Surgical, Inc. developed an endoscopic carpal tunnel release system, which allows a clear view of surgical field and structure of median nerve. Leading manufacturers are collaborating with contract manufacturing organizations for the development of efficient carpal tunnel release systems. In June 2021, A.M. Surgical Inc. entered into new comprehensive product development and manufacturing agreement with Medigus Ltd for an integrated visualization device.

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Although endoscopic surgeries are cost intensive, advantages such as less incision, reduced recovery time, and favorable reimbursement policies are boosting their adoption rate.

Key Takeaways – Carpal Tunnel Release Systems Market Study

  • Owing to increasing preference for open carpal tunnel release systems for surgeries, open carpal tunnel release systems continue to contribute a significant market share.
  • Demand for endoscopic carpal tunnel release system is expected to gain traction during the forecast period owing to increasing adoption of minimally invasive endoscopic surgery.
  • Increasing patient visits to hospitals for carpal tunnel syndrome treatment is expected to increase market share of hospitals in terms of end user.
  • Owing to rising number of carpal tunnel release surgeries along with reimbursement policies, Europe is expected to be significant revenue generator.

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Innovative Product Launches Strategic Focus of Manufacturers

Stryker Corporation and Smith & Nephew plc. are among the leading market players in the carpal tunnel release systems market. These manufacturers continue to dominate the market landscape of carpal tunnel release systems by ensuring product availability, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio. The market positioning acquired by Arthrex, Inc. through its innovative brand Centerline helped it maintain significant market share.

More Valuable Insights on Carpal Tunnel Release Systems Market

Carpal tunnel release systems market, a new study from Future Market Insights, provides unparalleled insights on evolution of the market during 2014 – 2021 and presents demand projections during 2022 – 2029 on the basis of product type (open CTR systems, endoscopic CTR systems), end user (hospitals, ambulatory surgical centers, specialty clinics) across seven major regions.

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Aortic Stents Grafts Market to reaching a valuation of around 2.8 Billion by 2028 | FMI

[215 Pages Report] Future Market Insights delivers key insights and presents a revised forecast of the global aortic stent grafts market for a 10-year period from 2018 to 2028 in the report titled “Aortic Stent Grafts Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028.” The revision in the market size and volume forecasts has been carried out taking into account the impact of various macroeconomic indicators and other industry-based demand-driving factors, as well as the recent developments of the key market participants. In terms of revenue, the global aortic stent grafts market is projected to expand at a 7.6% CAGR over the forecast period of 2018–2028.

North America is expected to contribute a high revenue share in the global aortic stent grafts market over the forecast period. North America is witnessing a large demand for aortic stent grafts due to high adoption of endovascular repair surgeries, which is expected to boost the growth of the aortic stent grafts market.

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The global market is segmented based on product type, end users and region. Based on the product type the market is segmented into abdominal aortic stent graft and thoracic aortic stent grafts. Abdominal aortic stent graft product type segment is expected to represent high revenue share in the global aortic stent grafts market. The thoracic aortic stent graft segment is expected to gain significant share in the forecast period due to increasing focus of the manufacturers on product launch for TEVAR procedures. Based on end users, the market is segmented into the hospitals and ambulatory surgical centers/outpatient surgical centers. Among both the end users, the hospitals is expected to be the leading segment the market.

New product launches with improved stent graft designs are expected to provide enormous opportunities for the growth of the aortic stent grafts market and fulfil the demand from surgeons to overcome complications during surgeries. Increasing government initiatives to reduce the burden of abdominal aortic aneurysm, favourable recommendation and regulatory approvals, mergers, and acquisitions among manufacturers are the key market trends, which are expected to boost the growth of aortic stent grafts market.

Increasing prevalence of aortic aneurysm among the older population, favourable reimbursement policies, adoption of new minimally invasive technologies are the major factors expected to impel the growth of the aortic stents grafts market. Increasing number of government screening programs for people over 65 age has provided huge growth opportunities for the manufacturers operating in the aortic stent grafts market. However, product recalls and lack of skilled healthcare professionals are factors hindering the growth of the aortic stent grafts market.

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The market for aortic stent grafts market is consolidated with large number of major players operating in the global market. Examples of some of the key players identified in global aortic stent grafts market are

  • Cook Medical Inc.
  • W.L. Gore & Associates
  • MicroPort Scientific Corporation Inc.
  • Medtronic Plc.
  • Lombard Medical Inc.
  • Endologix
  • INC.
  • Terumo Corporation Inc.
  • Cardinal Health Inc.
  • Becton
  • Dickinson and Company
  • Cryolife Inc.
  • Lombard Medical Inc.

Aortic Stents Grafts Market By Category

Product Type:

  • Abdominal Aortic Stent Graft
  • Thoracic Aortic Stent Graft

End User:

  • Hospitals
  • Ambulatory Surgical Centers/Outpatient Surgical Centers

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Glacier Cruises Market Worth US$ 1.95 Bn By 2032 | CAGR 3% – By FMI

The Glacier Cruises Market is estimated to reach US$ 1.45 Bn in 2022. As per the report, sales are forecast to increase at a robust 3% CAGR, with the market valuation reaching US$ 1.95 Bn by 2032.

For those interested in glacier cruises, the most popular travel locations are Alaska, Canada, Norway, Sweden, Finland, and Iceland. Glacier cruises have developed into activities for people of all ages. The original target audience for these tours was senior citizens from western countries with extra time and money. Today, even families and children are selecting these non-conventional alternatives due to the spectacular beauty. The millennial generation strongly favours travelling to uncommon and exciting locations. Cruises to glaciers frequently stop in remote, untouched locations.

They give their customers exceptional experiences like witnessing sub-arctic species, flying in private planes to observe entire glacier ranges and river basins, and taking part in a range of sports like rafting, ATV excursions, and hiking. Top companies in the cruising sector are offering package solutions that include charter flights over stunning glaciers to reach the core regions that are challenging to cruise. This makes it possible for visitors to fully enjoy their glacier excursion. Expeditions to the glaciers are significantly hampered by the short season and uncertainty of the weather.

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Global warming is one of the major restraints in the glacier cruises market. As the glaciers have started to melt at a much higher rate than the past years. This has caused a sense of panic amongst the tour providers and the local citizens as cruise tourism is one of the integral part of economy for a fair share of population. However the cruise companies are coming up with new technologies to improve the cruising and find more sustainable ways which causes minimum impact to the environment and the natural habitat in the region.

“Along with seniors, Millennials showing interest in glacier cruises and cruise companies taking efforts to deliver the best experience to the travellers will positively impact the Glacier Cruises Market” Says an FMI analyst.

Key Takeaways:

  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~80%.
  • In terms of age group, demand in the age group from 46-55 years and 56-65 years will continue gaining traction through 2032.
  • Based on packages, Glacier cruise travelers will continue to opt packaged deals over the normal travel deals.
  • Glaciers will have rush in the span from spring to autumn i.e. May to September.

Impact of COVID-19

The COVID-19 epidemic had a significant impact on the tourism industry and consequently the cruise market because of tight restrictions that were put in place to treat the virus. Visits from foreign tourists decreased drastically from the same time last year.

The significant negative consequences of COVID-19 on people’s financial situations clearly had an effect on their purchasing power and spending habits when looking at the effects from the perspective of the passenger. Because the ships were carrying fewer people than normal, they had to be anchored in the ports. They were the ones who were most severely affected by the epidemic since the economies of those living in port communities are mostly dependent on cruise trips. Currently the cruising sector is getting back to normal and with the implementation of novel strategies, it is set achieve new heights.

Who is winning?

Major players present in the Glacier Cruise Market are Princess Cruises, MSC Cruises Company, Silversea Cruises, Holland America Line, Star Clippers, Carnival Cruises, Celebrity Cruises, Carnival Cruise Line, G Expedition, Discerning traveller, Trafalgar, Quark Expedition, Aurora Expedition, and Cruiser Adio among others.

Glacier Cruise Market by Category

By Cruise Destinations:

  • Alaska
  • Canada
  • Antarctica
  • Greenland
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 Years

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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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Alaskan Cruises Market to Hit US$ 2.51 Bn by 2032 | Future Market Insights

As per a recent market analysis by Future Market Insights (FMI), Alaskan Cruise market is poised to reach a valuation of US$ 1.87 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 2.51 Bn by 2032

Various attractive tour packages are offered by a number of cruising lines. Travellers who were locked at their homes were eagerly waiting for an opportunity. Cruising lines providing new offers and packages has gained the interest of these travellers. The cruising lines are also set to make the most out of the opportunity by launching new luxury cruises and exciting activities to add on to the consumer’s cruising experience. Consumers are increasingly interested in unique experiences like Fishing, Wildlife, Northern Lights, Denali, Hiking, Camping, Glaciers, and many more of such activities.

The U.S Government is also taking special effort to get the tourism and cruising in the Alaskan region back on track. U.S. Government introduced bicameral legislation to provide a one year extension of the Alaska Tourism Restoration Act (ATRA). This act was signed into the law in May 2021. This new act ensures that if Canada restricts its borders for foreign passengers, the Alaska delegation is ready and able to again temporarily authorize foreign-flagged passenger vessels to bypass Canada.

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Besides this, in order to expand the range of business and also to contribute to the prevention of environmental changes, the top players in the Alaskan cruising market are developing new ships that will be ecofriendly. These new ships will not emit greenhouse gases and thus help in saving preventing the pause in obstacles in cruising due to recurring natural disasters. This will also gain the attention of travelers that care about environment and increase the number of people opting for cruise travel.

“Government initiatives and growing options in the cruising sector will boost the Alaskan Cruising Market “Says an FMI analyst.

Key Takeaways:

  • Based on cruise destination, Juneau is predicted to account for a dominant share of Travellers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly 58%.
  • In terms of age group, demand in the senior citizens will continue gaining traction through 2032.
  • Based on packages, Alaskan cruise travelers will continue to opt packaged deals over the normal travel deals.
  • Alaska will have travelers throughout the year but cruising season will have rush in the span from May to September.

Impact of COVID-19 on the Alaskan Cruise Market:

Due to lockdown limitations were implemented to manage the virus, the COVID-19 epidemic had a huge impact on the tourism sector and hence the Cruise market too. International tourist visits declined by huge margin from, compared to the period in past years.

The ships were forced to be anchored as the ports as they were carrying fewer passengers than the usual. As the economy of population in port towns mainly rely on the cruise travel, they were the ones who got badly hit by the pandemic.

Currently, the Cruise travel is getting back to normal and is expected to grow at a good rate as the limitations after the pandemic have eased up.

Who is winning?

Leading players in the Cruising market are focusing on smart promotional strategies, advertisements, and new packaged deals to improve sales in the market.

Major players present in the Alaskan Cruise Market are Alaskan Luxury Cruises, Phillips Cruises and Tours, LLC,Custom Alaska Cruises, 26 Glacier Cruise, Major Marine Tours, Stan Stephens Glacier & Wildlife Cruises, Lu-Lu Belle Glacier Wildlife Cruises, Kenai Fjords Tours, Seward Ocean Excursions, Coldwater Alaska – Water Taxi, Alaska Tour & Travel, Mahay’s Jet Boat Adventures, Holland America Line, Carnival Alaskan Cruises, Celebrity Alaskan Cruises, Norwegian Cruise Line, Carnival Cruise Line among others.

Alaskan Cruise Market by Category

By Cruise Destinations Type:

  • Juneau
  • Ketchikan
  • Skagway
  • Seward
  • Sitka

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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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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