Market Research Blog – Page 9697 – New Product Development

Bismuth Oxide Market expanding at a 6.9% value CAGR from 2022 to 2032 – Future Market Insights

Bismuth metal has its physical property similar to that of tin and lead. Bismuth oxide is the most important industrial compound manufactured from bismuth. Bismuth oxide has a common starting point as that of similar to the bismuth chemistry. Bismuth oxide is naturally found as the mineral bismite, however, it is also obtained as a by-product from the smelting of lead ores and copper ores. Bismuth trioxide is widely used to manufacture the dragon eggs effects in fireworks as it is a major alternative for lead.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 107 Million
Anticipated Market Value (2032)	US$ 111 Million
Projected Forecast Value (2032)	US$ 216.31 Million
Growth Rate (2022-2032)	6.9% CAGR

Bismuth is brittle metal that is silvery white in color when produced freshly. However, bismuth turns into pink tinge mainly after its surface oxidation. Bismuth is one of the most abundantly available diamagnetic elements and thus, has one of the lowest thermal conductivity among other metals. Bismuth is a chemical element that is represented using symbol Bi. Bismuth is a pentavalent chemical that resembles chemically with antimony and arsenic. In the earth’s crust bismuth is twice as abundant as gold. Elemental bismuth occurs naturally and is a free element that is 86% as dense as lead.

Bismuth trioxide is commercially manufactured using from bismuth subnitrate. Bismuth subnitrate is manufactured by dissolving bismuth in hot nitric acid. Bismuth oxide is mainly found as a heavy yellow powder. Thus, bismuth is an essential raw material used to manufacture bismuth oxide.

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Bismuth oxide has few commercial applications however; none of applications use bismuth oxide on a large scale. Bismuthoxide is used as an ingredient in the pharmaceutical industries. However, the use of bismuth oxide in dental materials is slowly declining. Compounds such as bismuth oxychloride have a wide range of applications in the cosmetic industry. Bismuth oxide is used as a pigment in manufacturing paints for eye shadows, nail polishes and hair sprays. Growing cosmetic industry is expected to boost the overall demand for bismuth market. Bismuth oxide are widely used in manufacturing of several machineries such as automatic sprinkler systems for fires.

Bismuth oxide is used as an alternative to lead and hence, has been used in range of applications where previously lead was used. Bismuth oxide is mainly used as an alternative for lead especially in the manufacturing of bullets, shots and other ammunition. Currently, bismuth oxide is being evaluated as a lead replacement in manufacturing free machining brasses especially for plumbing applications. Owing to its low toxicity bismuth oxide is used in the manufacturing of food processing equipments and other copper processing pipes. Growing food industry is expected to drive the overall growth in the demand for bismuth market. Bismuth oxide is also used in automobile industry.

Asia Pacific is expected to be the leading manufacturer of bismuth oxide. Presence of large scale bismuth manufacturers in China is expected to further boost the growth of the market. North America and Europe are expected to be the major consumers of bismuth oxide. The growing awareness about the hazardous effect of lead is further expected to augment the overall growth of the market.

Hunan Jinwang Bismuth Industrial Co., Ltd, The Shepherd Chemical Company and The Kurt J. Lesker Company are among the major participants of the bismuth oxide market. The company’s are mainly focused towards increasing their production capacity in order to reduce the overall demand supply gap.

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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

Key Segments Covered in the Bismuth Oxide Industry Report

Form:

Powdered Bismuth Oxide
Other Bismuth Oxide Forms
Sintered Bismuth Oxide Pieces
Bismuth Oxide Granules

Application:

Bismuth Oxide for Optical Glasses
Bismuth Oxide for Fireworks
Bismuth Oxide for Electronic Products

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Bismuth Oxide Market Analysis 2017-2021 and Forecast, 2022-2032

5. Global Bismuth Oxide Market Analysis 2017-2021 and Forecast 2022-2032, By Source

6. Global Bismuth Oxide Market Analysis 2017-2021 and Forecast 2022-2032, By Application

to be continued…!

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Europium Market to reach US$ 385 Million by 2032 – FMI

Growing demand from flat panel displays and LEDs in Asia Pacific market is expected to drive the market. The shift from traditional lighting to solid state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. Europium is a rare earth metal which oxidizes readily in presence of air and water.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 210 Million
Expected Market Value (2022)	US$ 225 Million
Anticipated Forecast Value (2032)	US$ 385 Million
Projected Growth Rate (2022-2032)	5.5% CAGR

It is generally present in oxide form and has applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices. Increasing civil infrastructure is the main factor behind growing demand for LEDs owing to its use in street lighting and highway lighting.

Technological advances in the field of earth metal nano-crystals are expected to provide immense opportunities for the players in this market. Europium nano-crystals are being use in the LEDs as a phosphor which emits wide range of spectrum. However, the supply issues and lack of refining, alloying and fabricating technologies for europium are expected to hamper the growth of this market.

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Asia Pacific region was the largest consumer of europium and its derivative products. China contributes highest for the consumption of this metal owing to increasing population, improving living standard and disposable income. Growing demand from Japan, Korea and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives. However, export restrictions and increasing local demand has been causing supply issues. Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China causing development of new exploration and production sites in this region to fulfill the demand.

The key players in europium market include Rare Element Resources, Avalon Rare Metals Inc., Molycorp, Lynas, Minmetals Corporation, Baotou Steel Rare-Earth, Xiamen Tungsten, Great Western Minerals Group Ltd., Indian Rare Earth, Arafura Resources Ltd. and Canada Rare Earth Corporation among others.

Key Segments Covered in the Europium Market Research Report

Application:

Permanent Magnets
Catalysts
Glass Polishing
Phosphors
Ceramics
Metal Alloys
Glass Additives
Others

End Use:

Consumer Electronics
Lighting
Semiconductors
Automotive
Healthcare
Nuclear Labs
Metallurgy
Anti-Counterfeiting
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Europium Market Analysis 2017-2021 and Forecast, 2022-2032

5. Global Europium Market Analysis 2017-2021 and Forecast 2022-2032, By Application

to be continued…!

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Benzoates Market to be valued at US$ 8.8 Billion by 2022 to 2032

Benzoic acid is a major precursor for the industrial synthesis of variety of organic substances. The salts of benzoic acid have application as food preservatives in the food industry. The esters and salts of benzoic acid are known as benzoates. Benzoic acid is a simple aromatic carboxylic acid which is a colorless crystalline solid. It’s only known source is gum benzoic, through which the name benzoic was derived. Benzoic acid is a naturally occurring acid in plants that serves as an intermediate in the biosynthesis of various secondary metabolites.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 5 Billion
Expected Market Value (2022)	US$ 5.3 Billion
Anticipated Forecast Value (2032)	US$ 8.8 Billion
Projected Growth Rate (2022-2032)	5.2% CAGR

Benzoates are divided into two types such as potassium benzoate and sodium benzoate. Potassium benzoate has application in food preservation. It restricts the growth of yeast, molds and some bacteria’s and functions efficiently in products having pH below 4.5. In low pH products, potassium benzoate exists as benzoic acid. Acidic food stuffs and beverages that include sparkling drinks, fruit juices, pickles and soft drinks are preserved with potassium benzoate. It is used and approved in many countries such as the U.S., Canada, and Europe. In these countries potassium benzoate is denoted by the number E, E212.

The growing demand from the food industry is the major driving factor for the benzoate industry. Other industries that include pharmaceutical and cosmetic industriesare also expected to boost demand for benzoates in the market.Factors that are anticipated to fuel growth of the market include food safety, longer shelf life of food, improving living standards, particularly in the emerging economies and continuing urbanization.

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In the European countries, potassium benzoate is not approved for consumption by children. Sodium benzoate has the same application as potassium benzoate and is denoted by the number E211. It exists in the form of benzoic acid when mixed with water. It is known to be fungistatic and bacteriostatic in acidic conditions. It is widely used in foods which are basically acidic in nature, such as salad dressings, fruit juices, jams and carbonated drinks. Sodium benzoate is also used in food industry as a preservative for products such as barley water, tomato and other sauces, crushes, fruit jelly, coffee extracts and squashes. Sodium benzoateis also used as a preservative in cosmetics and medicines. It has application in fireworks as a fuel which is in powdered form that gives out a whistling sound. Therefore, the whistle mix cracker and rockets emit sound once they are fired.

Certain health issues owing to benzoates reported by the FDA and World Health Organizations are known to hamper the market growth of benzoate market. Ascorbic acid in combination of sodium benzoate forms benzene that is known to be a carcinogen. This carcinogen is expected to be a threat to human health.

North America, Asia Pacific, Europe and Rest of the World (RoW) are the major segments for benzoate market. Asia Pacific is the largest producer as well as consumer of benzoates. The developed regions such as North America, Europe and Central and South America is expected to boost demand for benzoates in the near future.

Key companies profiled for the benzoates industry include: Poulvet, RM Chemicals, The Good Scents Company, Taj Pharmaceuticals, Sakshi Dyes and Pharmaceuticals, SONEF, FBC Industries Inc, Panjiva, , Sino Harvest, Surya Life Sciences Ltd, SAFC, Brown Chemical Co. Ltd, Charkit Chemical Corp, Jarchem Industries, Total Specialty Chemicals Inc, U.S. Chemicals, LLC, Spectrum Chemicals and Cellmark USA, LLC.

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Key Segments Profiled in the Benzoates Industry Survey

Product:

Potassium Benzoate
Sodium Benzoate
Other

Application:

Food
Drink
Other Applications

Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Benzoates Market Analysis 2017-2021 and Forecast, 2022-2032

To be continued…!

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Dysprosium Market to be valued at US$ 8.8 Billion by 2022 to 2032

Dysprosium is a naturally occurring element which consists of seven isotopes among which 164Dy is the most abundant. It is has a metallic, bright silver luster and soft enough which can be cut with knife. Dysprosium is a rare chemical element which has symbol Dy and has atomic number 66. It is never found as a free element, but has its presence in various minerals which include fergusonite, gadolinite, and xenotime among others. It is obtained from ion-adsorption clay ores of southern China.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 5 Billion
Expected Market Value (2022)	US$ 5.3 Billion
Anticipated Forecast Value (2032)	US$ 8.8 Billion
Projected Growth Rate (2022-2032)	5.2% CAGR

Physical characteristics of dysprosium can be affected by very small amount of impurities. Dysprosium has the highest magnetic strength among other elements. In addition, holmium has the same magnetic strength as that of dysprosium. Production of dysprosium is done primarily from monazite sand which is a mixture of various phosphates. The applications of dysprosium include manufacture of laser materials, commercial lightning, studying chemical reactions, used in neutron absorbing rods in nuclear reactors and are widely used in various data storage applications that include hard disks.

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The key players in the dysprosium market are: Lynas (Australia), Arafura (Australia), Molycorp (California), Avalon (Canada), Greenland Minerals, Tasman Metals Ltd. and Quest Rare Minerals among others.

The key drivers for the growth of dysprosium market include the demand from automobile manufacturing companies owing to large demand of dysprosium for manufacture of batteries which consume several pounds of rare earth elements. Moreover, dysprosium is also employed in manufacture of neodymium-iron-boron high permanent magnets which is injected into joints to treat rheumatoid arthritis. Hence, large demand from the healthcare sector is also expected to fuel the demand of dysprosium in the market. Asia Pacific is said to be the greatest consumer of dysprosium owing to dominant producer of rare earth elements.

Key Segments Profiled in the Dysprosium Industry Survey

Product Type:

Metal
Oxide
Acetate
Chloride
Others

Application:

Permanent Magnet
Laser Material
Commercial Lightning
Nuclear Reactor
Others

Region:

North America
Western Europe
Eastern Europe
APEJ
Japan
Latin America
Middle East & Africa

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Dysprosium Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Dysprosium Market Analysis 2017-2021 and Forecast 2022-2032, By Derivative

To be continued…!

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High Carbon Bearing Steel Market worth US$ 269 billion by 2032 – Exclusive Report by Future Market Insights, Inc.

Additionally, due to the growing demand for highly effective and lightweight bearings in sectors like automotive, construction, and marine, global sales of high carbon bearing steel are predicted to increase at a strong CAGR of roughly 6.9% from 2022 to 2032, reaching close to US$ 269 billion by that year. In 2022, the value of the world market for high carbon bearing steel was estimated to be around US$ 139.6 billion.

Report Attribute	Details
High Carbon Bearing Market Estimated Growth Rate (2022)	~US$ 139.6 Bn
High carbon bearing Market Size (2022-2032)	6.9% CAGR
High Carbon Bearing Steel Market Projected Size (2032)	~US$ 269 Bn

Bearing as an equipment is an integral part of numerous industries to achieve optimum and efficient results. Selecting the material during the bearing fabrication is one of the key factors that helps to decide the degree of performance of the bearing.

High carbon bearing steel as a material is witnessing increased adoption & attraction in bearing manufacturing. Numerous attributes of high carbon bearing steel such as high load bearing capacity and extensive temperature range of operation are expected to fuel the growth of the global market.

High carbon bearing steel enables high level of efficacy in bearings, which further results in the reduction of resistance and increases the mobility or functioning of the component, and further assists in efficient working of the machineries.

The bearings fabricated through high carbon bearing steel help in reducing downtime & maintenance time in various end-use industries, which reduces the overall operating cost & increases the productivity. In the commercial market place there are many types of high carbon bearing steel materials available, out of which high carbon chromium bearing steel and high carbon stainless bearing steel are the most adopted ones in the global market.

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The mixture of chromium & stainless is also used in order to give increase the efficacy of high carbon bearing steel material. The mixture ratio of the materials keeps on changing according to the demand from the end users.

High Carbon Bearing Steel Market: Dynamics

The high carbon bearing steel is experiencing significant demand from the past few years, which is expected to drive the growth of the high carbon bearing steel market during the forecast period. There are numerous factors that implicit the increased sales volume of high carbon bearing steels such as their better high load bearing capacity & ability working efficiently at elevated temperatures.

Due to the abovementioned properties, high carbon bearing steel is turning over as a choice of material for the fabrication of bearings, thus creating substantial sales revenue in the global market. Expansion of the automotive, manufacturing and chemical industries is creating substantial growth opportunities for the suppliers of high carbon bearing steel.

Several bearing manufacturers are implementing new business models as a part of their enterprise strategy, these manufacturers are doing backward integration and establishing their in-house capabilities for high carbon bearing steel processing, which enables quick turnaround time in the whole supple chain of high carbon bearing steel market.

However, volatile raw material prices and requirement of high capital for the processing of high carbon bearing steel are factors expected to negatively impact the growth of the overall market.

High Carbon Bearing Steel Market: Regional Trends

Low manufacturing cost for the fabrication of bearing in China is expected to create substantial growth opportunities for the manufacturers, and is expected to drive the growth of the market. South East Asia Pacific is on the same track as of China in terms of growth as the region is involved in large production of bearings.

Western Europe has substantial production capacity of bearings, which is expected to fuel the growth of the high carbon bearing steel market in the region. With growing automotive and marine industries in North America, the region is expected to hold significant share in the global high carbon bearing steel market. Latin America, Eastern Europe & MEA are considered as the low volume–high growth markets.

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Examples of some of the market participants in the global high carbon bearing steel market identified across the value chain include:

• OVAKO
• Sanyo Special Steel
• CITIC Special Steel Group
• Dongbei Special Steel
• Juneng
• Nanjing Iron & Steel United Co., Ltd.
• JIYUAN Iron &Steel

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

Key Segments Profiled in the High Carbon Bearing Steel Industry Survey

By Product Type:

High Carbon Chromium Bearing Steel
High Carbon Stainless Bearing Steel

By Application:

Deep Groove Ball Bearing
Cylindrical Roller Bearing
Spherical Roller Bearing
Angular Contact Ball Bearing
Tapered Roller Bearing
Thrust Ball Bearing
Thrust Spherical Roller Bearing

By Region:

North America
Latin America
Western Europe
Eastern Europe
APPEAL
Japan
Middle East & Africa

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global High Carbon Bearing Steel Market Analysis 2017-2021 and Forecast, 2022-2032

5. Global High Carbon Bearing Steel Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type

To be continued…!

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Fully Automated Coagulometer Market Competitive Landscape, Growth Strategies and Assessment 2022-2028

Fully Automated Coagulometer Market Overview

A Fully Automated Coagulometer is an automated medical device used in the diagnostic and research laboratories basically aimed to calculate different chemical characteristics in given multiple numbers of biological origin samples and involves minimum human guidance. The analyzed sample data depicts the disease identification and its prognosis. Fully automated coagulometer measures the blood clotting mechanism of Haemostasis.

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The fully automated coagulometer is used to identify blood clotting deficiencies such as thrombocytopenia, thromboembolic disease, haemophilia, impaired liver function, Von Willebrand’s disease, and other chronic conditions. In addition, there are several other applications that use fully automated coagulometer, including adoption in monitoring drug effects for certain types of drugs such as heparin, antiplatelet agents, and oral anticoagulants on whole blood samples, and is also adopted in blood component therapies. Fully automated coagulometer uses blood samples soaked in anticoagulants (sodium citrate). Sodium citrate is ideally preferred as it offers reversible anticoagulant effect.

Fully automated coagulometer is used for various types of tests, for instance, prothrombin times, Lupus Anticoagulant screens, factor assays, partial thromboplastin times, and D dimer assays, among others. On the basis of test type, a different type of substance is added to activate clotting reaction. The analyzing process of fully automate coagulometer is done by evaluating particular light wavelength of sample and changing patterns of light over time.

Rising Automation in Clinical Laboratories

With the advent of time, laboratories have had equipped with a diverse range of analytical instruments that were operated manually until the availability of technologically advanced automated analytical instruments such as fully automated coagulometer, and other miscellaneous analyzers. Automation related to analyzers has made a great impact on the pathological and clinical application procedures.

The presence of fully automated coagulometer system has added value to several assays in terms of accuracy and minimal human error and has improved the turnaround time for assay’s results. The first automated analyzer was introduced by Technicon Corporation in 1957. Later, advancement in other industry verticals, including computer sciences and augmentation in clinical chemistry equipment have led to the proliferation of diverse coagulometer ranging from semi-to-fully automated systems.

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Fully Automated Coagulometer Market Assessment by Product Type

Factors Gardening the Growth of the Fully Automated Coagulometer Market

The market for fully automated coagulometer is primarily driven by elevating demand for definite laboratory investigations which led to the expansion of automated laboratory equipment, including fully automated coagulometer and others. Furthermore, increasing demand for instruments enabling early diagnosis of disease conditions, its management, and its monitoring prognosis process are also impelling the growth of the fully automated coagulometer market.

Rising prevalence and incidence rate of blood clotting-related disorders, such as haemophilia A and B, Von Willebrand’s disease, and Factor II, V, VII, X, or XII deficiencies, are also gardening the growth of the fully automated coagulometer market. Among these disorders Von Willebrand’s disease is most common, for instance, according to the estimates of the Centers of Disease Control and Prevention (CDC), Von Willebrand’s disease affects 1% of general population and affects both male and female with equal frequency. From timeline 2012 to 2016, approximately 14,600 affected patients had undergone the treatment of Von Willebrand’s disease.

Competition Outlook

Examples of some of the players identified in the global fully automated coagulometer market are HemoSonics LLC., Accriva Diagnostics, Meril Life Sciences Pvt. Ltd., Helena Biosciences, Merlin Medical, Grifols, S.A., Erba Mannheim, F. Hoffmann-La Roche Ltd., Instrumentation Laboratory (Werfen Company), Rayto Life and Analytical Sciences Co.,Ltd. , HORIBA, Ltd., Abbott Laboratories, HYCEL MEDICAL, Scientifica Tecnologie Biomediche, BIO GROUP MEDICAL SYSTEM, iLine Microsystems, Maccura Biotechnology Co., Ltd., and Haemonetics Corporation, among others. However, increasing trend of point-of-care testing assays also offers a global opportunity to its manufacturers in terms of sales and marketing.

Small Scale Manufacturers/Providers

HemoSonics LLC.
Meril Life Sciences Pvt. Ltd.
Helena Biosciences
Merlin Medical
Erba Mannheim
Rayto Life and Analytical Sciences Co.,Ltd.

Medium Scale Manufacturers/Providers

HYCEL MEDICAL
Scientifica Tecnologie Biomediche
Bio Group Medical System
iLine Microsystems
Maccura Biotechnology Co., Ltd.
Horiba, Ltd.
Accriva Diagnostics

Large Scale Manufacturers/Providers

Abbott Laboratories
F. Hoffmann-La Roche Ltd.
Grifols, S.A.
Erba Mannheim
Instrumentation Laboratory (Werfen Company)
Haemonetics Corporation

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Key data points covered in report

The report covers exhaustive analysis on:

Fully automated coagulometer market by test type, end user and region
Regional level market analysis of North America, Latin America, Europe, Asia Pacific Excluding Japan and China, Japan, China, and Middle East & Africa by product type, modality, type, end user and country segments
Fully automated coagulometer market dynamics & opportunity assessment
Historical actual market size, 2013 – 2017
Fully automated coagulometer market size & forecast 2018-2028
Fully automated coagulometer current trends/issues/challenges
Competition & companies involved

Market Segmentation

By Product Type

2 Channel Coagulometer
4 Channel Coagulometer
6 Channel Coagulometer
7 Channel Coagulometer
8 Channel Coagulometer
Others

By Modality Type

Stand-Alone Coagulometer
Bench-Top Coagulometer
Handhled/Protable Coagulometer

By End User

Hospitals
Academic & Research Institutions
Contract Research Organization
Diagnostic Laboratories
Others

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Global Suture Sleeve Kit Market Innovative Trends, Scope and Opportunities 2028

Surge in Number of Surgical Procedures Driving the Suture Sleeve Demand

Suture Sleeve Kits are increasingly being used in procedures involving the implantation of medical devices, such as pacemaker leads, IV catheterization procedures, and canalization procedures for wound irrigation, among others. Suture sleeve kits are used to attach medical implants to the human body. Patients who wear a suture sleeve allow physicians and other healthcare providers to perform suture stapling, IV catheterization, anaesthesia, and wound cleansing. Suture sleeve kit has a tubular body made of a resilient material and two or more stiffening protuberances at the bottom, as well as the circumference of the suture groove. It offers adjustable and tubular reinforcement protection over the insulated and located outside the body lead.

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The suture sleeve kit is intended to protect and secure the venous entry site after the lead has been placed. They are used to reduce the risk of structural damage from suturing directly from the lead body. Suture sleeve kits are used to prevent lead dislodgement or lead damage. It is used to reduce placement errors during high tensions. It also prevents lead dislodgement and migration.

Factors Driving Suture Sleeve Kit Market

The global market for suture anchor device is expected to be driven by technological advancement. The key market drivers are an increase in sports injuries, an ageing population, and an increase in obese people with orthopaedic injuries. According to the HCUP report from 2012, 113.3 procedures on muscles and tendons were performed per 100,000 inhabitants in inpatient facilities in the United States. Furthermore, rising healthcare expenditure is expected to drive market growth over the forecast period. The market is being driven by ongoing research efforts to improve the material quality and technology of suture sleeve kits. In the global market for suture sleeve kit device, hospitals are expected to hold the largest market share. However, the high cost of surgical procedures, strict regulations, and a lack of reimbursement policies may stymie market growth.

Suture Sleeve as a Training Aid

Suture sleeves have important applications in medical professional training, both in controlled classrooms and hands-on practical training courses. Suture sleeves for training purposes are made of silicon rubber or PVC that mimics the properties of human skin. These suture sleeves are made up of protective shields covered by a layer of simulated sub-dermal tissue to add to the Hyper-Realism, as well as ten user-repairable life-like veins. The suture block skin can be used to create superficial and deep tissue lacerations that can be closed with sutures and staples, as well as to introduce local anaesthesia.

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Regional Market Outlook

North America is one of the dominant regions in the global suture sleeve kit market mainly due to increased acceptance of suture sleeve kits by the end users. In North America, the U.S. is the dominating country due to the high penetration. Economic conditions in the APAC region are set to drive the suture sleeve kit market to a new level. Europe and APAC are the fast-growing regions due to rising awareness of suture sleeve kits. Latin America is also growing at a considerably high CAGR due to rising healthcare expenditure in order to increase the patient compliance. Growth in the Middle East and Africa is considerably less when compared to the other regions. However, North America would maintain its position in the suture sleeve kit market, though emerging economies such India, China, and Brazil are expected to have high growth rates in the suture sleeve kit market.

Growing Demand in Emerging Markets

The global suture sleeve kit market has expanded rapidly due to increased demand for patient compliance following surgeries. Many regional players with a large market share in emerging countries operate at the regional or country level in the suture sleeve kit market. Because there are few approved players in the suture sleeve kits market, there are huge opportunities for untapped markets in emerging countries. The key players in the suture sleeve kit market are primarily focused on expanding their market reach through collaborations and partnerships with local vendors. During the forecast period, the suture sleeve kit market is expected to grow at a significant CAGR.

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Competition Outlook

Examples of some of the key participants in the global suture sleeve kit market are Strategic Operations, OSCOR, Abbott, Medtronic, Inc., and Boston Scientific, among others. The companies are mainly focused on R&D to strengthen core competencies of their product portfolio. Suture sleeves are offered as an accessory in the electrode pacing lead kits. Some of the companies are offering suture sleeve as training kit such as Hyper-Realistic Suture Block offered by Strategic Operations Inc. Medtronic Inc. possess patented suture sleeve devices, where the patent is valid till 2024.

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Silastic Implant Market Outlook, Present Scenario and Opportunities to 2028

Silastic Implant are used in a surgery conducted to treat dysfunction of the joints and the joints gets rupture due to facture, arthritis or accidents. In silastic implants a substance made from silicone is inserted into the joint which is unmovable and its function as a spacer and makes the joint moveable. The substances used in silastic implant is made of polymeric rubber substances and is flexible like rubber. The materials used in silastic implants are silicone rubber, which is made from implants silicone gels used to fill the shell. The silicone used can be sanitary silicone, glazing silicone, neutral care silicone. The silastic implants are also performed in males and females wherein there is defect in the reproductive organs. Silastic implants are also used in knee replacement surgeries and also to replace a joint. Silastic implants are also used in breast surgery. Silastic implants are beneficial in orthopedic surgery as the joint is not moveable and it cause flexibility of the joints. The silastic implants are new types of implants becoming popular among the orthopedic surgeons.

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Patients with Successful Silastic Implants with Post-Traumatic Stiffness of Finger Joints

Many patients had their finger joints replaced between 2013 and 2016. Patients who had finger replacements were evaluated on how they felt after the procedure, and the implant’s success rate was determined. It was discovered that many patients were pleased with the silastic implant surgeries. The non-moving joint had begun to move, and their anxiety level had decreased. The success rate was also affected by the deformity they had suffered for so many years. They were able to move the joint easily and without difficulty, but regular checkups were required.

Factors Driving the Silastic Implant Market

The silastic implant market is being driven by rising rates of accidental fractures, accidents, joint replacements, and so on. Another factor driving global demand for silastic implants is the increasing number of silastic implant procedures. The availability of implant reimbursement policies is a preliminary factor increasing the penetration of these products in mature markets. However, emerging countries lack definite reimbursement policies for silastic implants, limiting market growth. Technological advancements in silastic implants are an important factor driving the silastic implants market’s growth. For example, new materials are being used in silastic implants, which has altered the diagnostic methods of silastic implants. If performed at the appropriate time, silicone implants can help to repair organ damage.

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Ortho Silastic Implants Segment has Significant Market Share

Prosthetic silastic implants, ortho salistic implants, and breast silastic implants have captured a sizable market share. Ortho silastic implants generate the most revenue. This is due to an increase in the number of accidents and fractures. Furthermore, awareness of the prognosis of Ortho Salistic Implants is on the rise for accidents, arthritis pains, and joint deformity, resulting in a strong positioning of these segments in the overall market. The use of technologically advanced materials in silastic implants of bones and joints is the primary reason ortho silastic implants have the largest market share.

Silastic Implants are Mostly Conducted in Hospitals

Because of the invasive nature of the silastic implants market, hospitals and diagnostics laboratories have a strong market position. These end users account for a sizable portion of total market revenue. However, the continued growth of silastic implants, as well as increased sensitivity and specificity of silastic surgeries, will provide significant growth opportunities for the silastic market in outpatient clinics and hospital settings. Furthermore, the growing trend of self-diagnosis and hospitals as prognostic approaches would fuel market growth.

Regional Market Outlook

The global silastic implants market is divided into five key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East and Africa. Because of the availability of advanced technologies and a greater number of laboratory developed tests, North America will continue to dominate the global market. Due to the increasing prevalence of chronic diseases, Europe is expected to hold the second largest market share in the global silastic implants market.

Competition Outlook of Silastic Markets

Examples of some of the players identified in the global silastic implants market are Allergan, Arion Laboratories, Cereplas, Establishments Labs, GC Aesthetic etc. Majority of silastic implants are available as laboratory-developed tests. The hospitals which provide full silastic implants are Breach Candy hospitals, Apollo Groups of Hospitals, John Hopkins Hospital. Silastic implants testing varies at the regional level owing to variations in terms of available technologies used in laboratory developed silastic implants. However, silastic implants offers a global opportunity to its manufacturers, as these are the common tests perform globally.

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Cholesterol Monitors Market | Rising Trends, Dynamic Strategies and Analysis 2022-2032

The Cholesterol Monitors Market is expected to be worth US$ 2,514.6 million in 2022. From 2022 to 2032, the cholesterol monitors market is expected to grow at a 7.4% CAGR and generate $4,502.4 million USD.

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Rising obesity rates and an ageing population in developed countries such as the United States, Germany, and France have increased the number of patients with high levels of bad cholesterol, necessitating a daily increase in the global demand for cholesterol monitoring kits.

Because of the growing popularity of non-invasive cholesterol monitoring technologies, the global market for cholesterol monitors is expected to grow.

Statistical Estimation in the Global Cholesterol Monitors Market

The ageing population is a significant factor driving the increase in demand for cholesterol monitor kits. According to the Department of Economic and Social Affairs’ population division, by 2050, there will be 21.1% more people in the world who are 60 or older than there were in 1990 (9.2% to 11.7%).
According to United Health Foundation data from 2017, 12.5% of adults 60 and older had high total cholesterol. This high prevalence is expected to fuel the growth of the cholesterol monitors market in the near future.
• Because high cholesterol causes no symptoms, extensive cholesterol testing is required. Triglycerides, high-density lipoprotein (HDL), low-density lipoprotein (LDL), and total cholesterol levels in the blood are all measured in these tests. Blood cholesterol levels can help reduce the risk of peripheral artery disease, heart attack, and stroke.
• Cholesterol levels should be checked if a person has had a stroke, PAD, coronary heart disease, a family history of early CVD, being overweight, diabetes, having a cholesterol-related condition, or having high blood pressure. According to the Centers for Disease Control and Prevention, one in every six adults (16.3%) has high cholesterol (defined as 240 mg/dL or higher).

What are the Factors Propelling the Global Cholesterol Monitors Market?

The rising prevalence of cardiovascular diseases, combined with a growing emphasis on early diagnosis and miniaturisation of cholesterol monitors, is expected to propel the global cholesterol monitor market forward. Another factor driving the growth of the global market for cholesterol monitors is the preference for self-monitoring to improve quality of life and lead a healthy lifestyle.

Furthermore, the market is expected to grow as a result of increased emphasis on reducing the global burden of cardiovascular diseases, as well as initiatives for preventive healthcare practises such as screening and health check-up programmes.

Governmental changes that provide cutting-edge healthcare facilities and awareness campaigns that are likely to raise the standard of testing also contribute to the growth of the global cholesterol monitor market.

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What are the Factors Hampering the Global Cholesterol Monitors Market?

The lack of awareness about the health benefits of lipid testing for food and beverages in emerging economies such as Bangladesh, Africa, and Afghanistan is expected to limit market growth over the forecast period.

Furthermore, major factors impeding the growth of the cholesterol monitor market include a lack of healthcare resources, a poorly trained workforce, strict safety regulations, and a lack of food safety infrastructure in Asia Pacific’s northern regions as well as the north and middle of Africa.

Why is North America Emerging as an Opportunistic Cholesterol Monitors Market?

North America will account for nearly 35% of the global cholesterol monitors market in 2022. This market growth is primarily due to an increase in the incidence of CVDs, combined with a rapidly ageing population, a strong preference for self-monitoring devices, and increased awareness of disease prevention and early detection in the region.

According to the Centers for Disease Control and Prevention, nearly one in every two Americans has high cholesterol, or nearly 38% of American adults (total blood cholesterol 200 mg/dL).

1 Too much cholesterol increases your risk of heart disease and stroke, which are the two leading causes of death in the United States.

Because of the increased risk of high cholesterol and its asymptomatic nature, the region’s demand for cholesterol monitors is constantly increasing. Furthermore, the region’s high prevalence of heart disease and obesity is a major source of concern.

According to the United Health Foundation’s annual report, the obesity rate in the United States increased from 31.5% in 2021 to 30.4% in 2020. This, in turn, is expected to drive regional growth, as is the growing preference for preventive healthcare. Rising government and healthcare organisation awareness and initiatives are expected to drive market growth.

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Who are the Key Players in the Global Cholesterol Monitors Market?

Key players have entered into merger agreements to expand their portfolios and provide effective services which can assist in managing infectious diseases and uncontrollable levels of cholesterol.

Roche and GenMark Diagnostics agreed to merge in May 2021, with Roche fully acquiring GenMark for $1.8 billion. With GenMark’s expertise in syndromic testing, Roche hopes to expand its portfolio of molecular diagnostics. The companies believe GenMark’sePlex systems will help Roche manage infectious diseases and antibiotic resistance.
Zydus Lifesciences launched a Bempedoic Acid drug under the Bemdac brand in May 2022 for the treatment of high levels of bad cholesterol.
Esperion received FDA approval in February 2020 for Nexlizet (bempedoic acid-ezetimibe), a cholesterol-lowering combination, to lower LDL cholesterol in patients with high cholesterol or established atherosclerotic cardiovascular disease who have reached maximum-tolerated statin therapy.

Key Companies Profiled

Roche Diagnostics
PTS Diagnostics
Omron Healthcare, Inc
ACON Laboratories, Inc.,
AccuTech, LLC
Alere Inc.
Siemens
Medline Industries, Inc.
Abaxis, Inc.
ManthaMed
Fisher Scientific

Key Segments Covered in the Cholesterol Monitors Industry Survey

By Product Type:

Single-sided COD Chip-On-Flex
Other Chip-On-Flex Types

By End Users:

Military
Medical
Aerospace
Electronics
Other Verticals

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New informative report of Portable Anesthesia Systems Market Trends: Development is Changing Business Needs

By the end of 2022, the global Portable Anesthesia Systems Market is expected to be worth US$ 462.8 million. During the forecast period of 2022 to 2032, the market is expected to grow at a CAGR of 6%, with a closing value of US$ 880.8 million. During the 2016-2021time period, the industry grew at a CAGR of 4.8%.

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The introduction of computer-assisted technology systems has had a significant impact on digital surgical techniques. One such method is computer-assisted anaesthesia systems. Dynamic pressure sensing technology, as well as customised flow rates for each injection type, are now available in computer-assisted anaesthesia systems.

The digital platform controls the flow rate and pressure of local anaesthesia during an injection. It is much more comfortable than a syringe, reduces anxiety, and has the potential to eliminate contractual numbness. With the advent of computer-assisted anaesthesia systems, surgeons can plan ahead of time and perform a more accurate procedure.

The technology can customise methodologies to each patient’s specific anatomy. The physician must complete the required task during surgery, but computer-assisted anaesthesia systems navigate the surgeon’s tools according to a predetermined method to safely and effectively place the injection in the precise pre-planned locations.

What are the Factors Propelling the Global Portable Anesthesia Systems Market?

Hospital cost reduction through reduced length of stay in hospitals and population ageing are the primary driving factors for the computer-assisted anaesthesia systems market. New computer-assisted anaesthesia systems from leading manufacturers redefine the global standard of care for injection techniques by making life easier for the patient and reducing anxiety and stress for the healthcare provider.

Computer-assisted anaesthesia systems have been shown to be effective in prescribing medicine in the intra-articular space by using computer-controlled pressure sensing capabilities. This eliminates the need to locate the intra-articular space with a manual syringe and reduces the margin for error when injecting the precise amount of medication. In addition to rising hospital admissions, the prospects of digital surgical platforms to improve the efficacy of existing surgical procedures are driving growth in the computer-assisted anaesthesia systems market.

Significant cost savings in pre- and post-operative care, as well as faster recovery, are also driving the growth of the market for computer-assisted anaesthesia systems. Dynamic pressure sensing technology, controlled needle exit pressure, precise flow rate, drug volumes, and other applications are among the primary applications of computer-assisted anaesthesia systems systems. The ability of these methods to integrate with digital platforms is expected to account for a large portion of their dominance.

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What are the Factors Hampering the Global Portable Anesthesia Systems Market?

The market has faced a number of challenges as companies reallocate their resources to operate within the constraints imposed by the pandemic. In addition, the high cost of the products has stifled market growth in recent years.

Why is the Asia Pacific Emerging as an Opportunistic Portable Anesthesia Systems Market?

The Asia-Pacific region, excluding Japan, Japan, and the Middle East and Africa, is expected to be the fastest-growing market for computer-assisted anaesthesia systems, owing to increased awareness among physicians and patients about the treatment of spinal disorders with high accuracy and safety, as well as medical institutions’ widespread adoption of robots for surgical procedures.

Specialist in market research The Asia Pacific market for portable anaesthesia systems is expected to expand during the forecast period, according to Future Market Insights.

Who are the Key Players in the Global Portable Anesthesia Systems Market?

Some key players in the Portable anesthesia Systems market are WandDental, Inc., Milestone Scientific, Inc., Evident, etc. The key development in the portable anesthesia systems market is as follows:

In May 2021, Ronvig Dental launched its latest computer-assisted local anesthesia, CALAJECTTM, which was named “2022 Top Award Winner – Anesthetic Device” by Dental Advisor. The flow rate is controlled by the system, ensuring a smooth and gentle flow of anesthesia. Even palatal injections can be performed with less pain for the patient.

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Key Segments Covered in the Portable Anesthesia Systems Industry Survey

Portable Anesthesia Systems Market by Application:

Portable Anesthesia Systems for Medical Specialties
Portable Anesthesia Systems for Anesthesiology
Portable Anesthesia Systems for Orthopedic Surgery
Portable Anesthesia Systems for Pain Medicine
Portable Anesthesia Systems for Physical Medicine/Rehabilitation
Portable Anesthesia Systems for Primary Care/Urgent Care
Portable Anesthesia Systems for Rheumatology
Portable Anesthesia Systems for Sports Medicine
Portable Anesthesia Systems for Dental Specialties
Portable Anesthesia Systems for Other Applications

Portable Anesthesia Systems Market by Surgery Type:

Portable Anesthesia Systems for Open Surgery
Portable Anesthesia Systems for Minimally Invasive Surgeries

Portable Anesthesia Systems Market by End Users:

Portable Anesthesia Systems for Hospitals
Portable Anesthesia Systems for Clinics
Portable Anesthesia Systems for Ambulatory Surgical Centers
Portable Anesthesia Systems for Other End Users

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