Press Releases

Global Band Saw Blades Market to Reach US$ 1.4 BN by 2031, driven by Growing Demand for High-Speed Bi-Metal Band Saw Blades: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the band saw blades market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 1.4 billion by 2031.

Band saw blades are mainly used in the metalworking and woodworking industries but can cut various materials. The blades offer consistent cutting behavior with evenly distributed tooth loads and can cut irregular or curved shapes, such as jigsaws. Most band saws have two wheels that rotate in the same plane, one of which is powered but may have three or four wheels to distribute the load. Since the saw blade is offered in different sizes and tooth pitches (number of teeth per inch or TPI), the machine is extremely versatile. It can cut a variety of materials, including wood, metal, and plastic. Band saw works by contacting the workpiece that cuts the saw blade and passing the cutting teeth through the workpiece.

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Global Band Saw Blades Market: Key Drivers

Bi-metal band saw blades are made of two metals wherein steel is welded via an electron beam to a flexible backer. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators. Such factors are anticipated to boost the demand for high-speed bi-metal band saw blades, which in turn will increase the global band saw blades market share.

Global Band Saw Blades Market: Market Restraints and Challenges

The price of the power band saw blades is high, which acts as a restraining factor for the market’s growth. Conventional tools, such as augers and plungers, are used widely in household applications. These traditional tools have a low cost, but their usage is limited to small applications. Thus, the high price of band saw blades is anticipated to hinder the growth of the global band saw blades market.

Global Band Saw Blades Market Report Findings

https://www.globalinsightservices.com/reports/band-saw-blades-market/

The more than 7 TPI segment is likely to hold the major share of the market in 2021

Based on TPI, it is segmented into less than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The more than 7 TPI segment is expected to have the largest band saw blades market share in 2021. A blade with the right number of teeth per inch (TPI) is crucial for high cutting efficiency and low cost per cut. Therefore, TPI selection is the most important decision when selecting a band saw blade. Growing demand for the right shape and size of the band saw blades for metals and harder material workpiece that might not straddle the work and break teeth as well as reduce gullet overload and strip teeth is propelling the band saw blades market growth. Further, growing application of band saw blades in metal industry is boosting the segment growth. Due to this, the more than 7 TPI segment is expected to receive the main market attraction resulting in market growth.

The carbon steel segment is likely to dominate the market during the forecast period

Based on material, it is segmented into bi-metal, carbon steel, and others. The carbon steel segment is expected to dominate the market during the forecast period. Carbon steel band saw blades is observing a significant growth as material is a crucial factor while selecting the best solution for cutting a variety of ferrous and nonferrous materials. Due to the abovementioned factors, the carbon steel segment is expected to dominate the market during the forecast period.

The wood cutting segment is likely to hold the major share of the market in 2021

Based on application, it is bifurcated into wood cutting and meat processing. The wood cutting segment is expected to be the largest segment in the band saw blades market in 2021. The wooden furniture market is dominating the furniture market in India. The demand for wooden furniture has increased manifold in India. India flourishes in the natural resources of several tree species, and the wooden furniture industry uses both indigenous wood and imported wood. India is one of the largest importers of timber in the world. Thus, the wood cutting segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market in North America. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators in North America. This, in turn, boosts the demand for band saw blades in the North America region.

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Competitive Landscape

The key players studied in the global band saw blades market are BAHCO (SNA Europe) (Sweden), Dongbei Special Steel Group Co., Ltd (China), Friedrich Bickenbach GmbH & Co. KG (Germany), gi-ESSE SALVADOR srl (Italy), Hakansson Saws India Pvt. Ltd. (India), Kyocera Unimerco A/S (Denmark), LENOX (Stanley Black & Decker, Inc.) (US), NACHI-FUJIKOSHI CORP. (Japan), Starrett (US), and The Bandsaw Shop (UK).

Global Band Saw Blades Market: Recent Developments

• June 2021, LENOX, an industry leader in band saw performance for more than a century, announced that The LENOX 360TM System is the newest invention to track bandsaw performance data. Due to its real-time data capture capabilities, this innovative technology is perfect for steel service centers and fabrication facilities since it enhances decision-making and maximizes efficiency.
• May 2021, BAHCO presented the new generation of BAHCO-exclusive bandsaw calculator. Every BAHCO user can access the new web-based BandCalcTM, which is responsive and multiplatform. Additionally, they upgraded it with additional features that improve the efficiency and effectiveness of bandsaw calculation.

Global Band Saw Blades Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global band saw blades market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global band saw blades market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global band saw blades market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global band saw blades industry.

Global Band Saw Blades Market Segmentation

By TPI

• Less Than 3 TPI
• 4 TPI to 6 TPI
• More than 7 TPI

By Material

• Bi-Metal
• Carbon Steel
• Others

By Application

• Wood Cutting
• Meat Processing

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• BAHCO (SNA Europe) (Sweden)
• Dongbei Special Steel Group Co., Ltd (China)
• Friedrich Bickenbach GmbH & Co. KG (Germany)
• gi-ESSE SALVADOR srl (Italy)
• Hakansson Saws India Pvt. Ltd. (India)
• Kyocera Unimerco A/S (Denmark)
• LENOX (Stanley Black & Decker, Inc.) (US)
• NACHI-FUJIKOSHI CORP. (Japan)
• Starrett (US)
• The Bandsaw Shop (UK)

Global Cold Forming and Cold Heading Market to Reach US$ 31.0 BN by 2031, driven by the Advancements in Cold Forming and Cold Heading: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the cold forming and cold heading market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 31.0 billion by 2031.

The process of forging metals at room temperature is referred to as cold forming. Metal wires are cut into small segments to form multiple die progression in a cold heading machine. Every step of the process imparts specific geometrical features to the design of the product being manufactured, such as automotive, industrial equipment, and medical equipment, that offers manufacturability and a long-term production life cycle. The cold forming process has zero processing scrap, which is one of the major reasons it is preferred over traditional metal machining.

A cold heading machine is mechanical equipment used to form net-shaped or near-net-shaped metal parts. This machine performs various steps to form a specific part from a metal wire or rod without adding heat. The process is carried out using a high-speed replicated series of hammers, die, and punches.

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Global Cold Forming and Cold Heading Market: Key Drivers and Trends

Heads and cold-forming machines have become advanced. For example, a machine currently manufactured with five or more dies. A function that enables the production of long parts and short parts. Adjustments change the timing of cutter blades, feed strokes, transfers, and kick-outs function. CNC control provides operators immediate access to production data. Quick change setup allows for both punch and die components. It can be setup and customized offline and requires minimum production time. A multi-station cutter that performs stationary and extruded cold-forming operations also significantly increases headline production rate and capacity. Increasing knowledge of metallurgy will allow heading and cold to form stronger material. Manufacturers of special alloys, such as carpenters, can control the analysis and production of varieties more accurately to meet them. With higher corrosion resistance, Starch on the headboard. It is now possible to have a specific AISI if good cold forming characteristics and consistent performance are desired. Grades are manufactured within controlled analytical limits to improve cold formability and secondary machining operations. In other cases, the analysis has been modified for cold working to manufacture a particular fastener draft economically. For instance, Sturdy tool steel extends the life of the upset die producer Alloys such as carpenters are versatile enough to handle manufacturing operations requiring head molding and machining. These factors are influencing the growth of the cold forming and cold heading market over the years.

Global Cold Forming and Cold Heading Market: Market Restraints and Challenges

Increasing overall maintenance and repair cost of cold forming and cold heading and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cold forming and cold heading are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce cold forming and cold heading based on specific requirements.

Global Cold Forming and Cold Heading Market Report Findings

https://www.globalinsightservices.com/reports/cold-forming-and-cold-heading-market/

The alloy steel segment is likely to hold the major share of the market in 2021

Based on material, it is segmented into aluminum, alloy steel, stainless steel, and others. The alloy steel segment is expected to be the largest segment in the cold forming and cold heading market in 2021 owing to multiple benefits such as high strength, hardenability, toughness, temp resistance, corrosion resistance, and greater end use safety margin. Due to such benefits mentioned above, the alloy steel segment is expected to hold a major market share in 2021.

The automotive segment is likely to hold the major share of the market in 2021

Based on end user, it is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to be the largest segment in the cold forming and cold heading market in 2021. The automobile industry is constantly growing. Therefore, the automobile industry widely uses parts molded by cold heading machines. A few main metals used for cold heading include copper-based (Cu) metal alloys, pure copper, brass, phosphor bronze, stainless steel, and aluminum. Headers manufactured by cold heading machines are terminals and pins used in various automotive control units, engine control units (ECUs), pressure sensors, and other in-vehicle sensors. Technological advancements, climate change-related policies, and changing consumer preferences are driving the demand for eco-friendly, fuel-efficient, and intelligent vehicles and innovations in electric and hybrid vehicles globally. Thus, the automotive segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America continues to invest in innovation and development of advanced, energy-efficient, and environment-friendly vehicles. As a result, automakers in this region are investing in expanding production facilities, which is expected to increase the demand for cold forming and cold heading. Further, the increase in regional investment by manufacturers to set up production plants and research & development centers is further increasing the demand for cold forming and cold heading solutions. Thus, it propels the growth of the cold forming and cold heading market in North America.

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Competitive Landscape

The key players studied in the global cold forming and cold heading market are Altra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US).

Global Cold Forming and Cold Heading Market: Recent Developments

• January 2022, Altra Industrial Motion Corp. had announced that it had acquired Cleveland, Ohio-based Nook Industries LLC, a US-engineered linear motion industry leader. Nook is expected to generate approximately US$ 42 million in revenue in 2021. The transaction is anticipated to be cash accretive to Altra’s earnings in 2022, excluding any one-time or acquisition-related costs.
• March 2021, Deringer-Ney Inc. acquired Hoyt Corporation, a leading provider of electrical contacts, copper extrusions, and contact assemblies.

Global Cold Forming and Cold Heading Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global cold forming and cold heading market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global cold forming and cold heading market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global cold forming and cold heading market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global cold forming and cold heading industry.

Global Cold Forming and Cold Heading Market Segmentation

By Material

• Aluminum
• Alloy Steel
• Stainless Steel
• Others

By End User

• Aerospace & Defense
• Automotive
• Industrial Equipment & Machinery
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Altra Industrial Motion Corp. (US)
• BUCHANAN METAL FORMING, INC. (US)
• Cold Formed Products (UK)
• Cold Heading Company (US)
• Complex Cold Forming (UK)
• Deringer-Ney, Inc. (US)
• Fukui Byora Co., Ltd. (Japan)
• Kalyani Forge Ltd. (India)
• Stanley Black & Decker, Inc. (US)
• Tengco, Inc. (US)

Global Drain Cleaning Equipment Market to Reach US$ 3.3 BN by 2031, driven by Growth in Urbanization among Developing Economies: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the drain cleaning equipment market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.3 billion by 2031.

Drain cleaning equipment is utilized to clean and look after water, wastewater, and sewer utilities. The channel cleaning framework is utilized to keep the seepage framework and funneling framework in the stream. Huge amounts of materials can hinder the framework. Consequently, a channel cleaning gear is utilized for cleaning and evacuating blockage. Various sorts of drain cleaning equipment, for example, sink machines, drum machines, sectional machines, rodder machines, water jetter machines, flexshaft machines, and funnel cleaning, are accessible in the market with assorted usefulness to clear the blockage. The global drain cleaning equipment market is anticipated to grow quickly during the estimated time frame attributed to the wastewater industry’s interest in channel cleaning gear. Drain cleaning hardware gear incorporates hand instruments just as force devices.

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Global Drain Cleaning Equipment Market: Key Drivers

Fast-growing emerging economies across the Asian and African regions continue to witness an unprecedented increase in investment in residential and commercial infrastructure development. Moreover, the emerging young adult population has further added to the growing demand for the construction of residential complexes across numerous developing cities and towns. Subsequently, propelling the need for efficient sewage and a drainage system is expected to be the driving factor for the drain cleaning equipment market during the coming years. Factors such as a surge in the construction of housing, commercial, retail, and hospitality units are the prime factors propelling its real estate market development. Consequently, the country is expected to attract numerous lucrative business opportunities to maintain and clean its robust drainage systems across its densely populated cities. Additionally, to support its growing infrastructure demand, the government of India has approved 100% foreign direct investments (FDIs) to develop its township and residential settlements-related infrastructure projects.

Global Drain Cleaning Equipment Market: Market Restraints and Challenges

The price of the power drain cleaning equipment is high, which acts as a restraining factor for the market’s growth. Conventional tools, such as augers and plungers, are used widely in household applications. These traditional tools have a low cost, but their usage is limited to small applications. Whereas advanced drain cleaning power tools such as drum machines, sectional machines, sink machines, and water jetters are capable of a wide range of operating conditions and are simple in use, their adoption in a residential area is limited due to their high cost. However, renting out drain cleaning equipment is trendy these days. Thus, the high price of drain cleaning equipment is anticipated to hinder the growth of the global drain cleaning equipment market.

Global Drain Cleaning Equipment Market Report Findings

https://www.globalinsightservices.com/reports/drain-cleaning-equipment-market/

The locating equipment segment is likely to hold the major share of the market in 2021

Based on product, it is segmented into hand tool, sink machine, sectional machines, rodders, jetters, push rod camera, locating equipment, and flexible shaft machine. The locating equipment segment is expected to have the largest drain cleaning equipment market share in 2021. One key component of drain cleaning equipment is to locate a problem under a floor or underground from a remote, above-ground inspection point. This component is especially important if workers need to excavate to reach the problem. It helps them avoid guessing where to excavate and doing unnecessary digging or, even worse, damaging a buried cable. Due to multiple benefits, the locating equipment segment is expected to receive the main market attraction resulting in market growth.

The electric segment is likely to dominate the market during the forecast period

Based on power source, it is segmented into hand operated, fuel powered, gas powered, and electric. The electric segment is expected to dominate the market during the forecast period. Electric drain cleaning equipment are the most popularly used drain cleaning equipment globally, as they are very handy to use and also helps in removing tougher clogs. Due to the abovementioned factors, the electric segment is expected to dominate the market during the forecast period.

The professional segment is likely to hold the major share of the market in 2021

Based on end user, it is bifurcated into professional and do it yourself. The professional segment is expected to be the largest segment in the drain cleaning equipment market in 2021. Professionals are the trained personals that provide the service of drain cleaning using these machines. Further, professional drain cleaning provides several benefits such as safe drain cleaning, effective drain cleaning, free of the mess and hassle, drain expert insight, and peace of mind. Thus, the professional segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The growth of the North American drain cleaning equipment market is predominantly due to government financial backing for development and deployment. Furthermore, the US dominated the North American drain cleaning equipment market in 2020. The region is expected to attract a plethora of lucrative business opportunities to maintain and clean its robust drainage systems in various densely populated cities. The growing young adult population has exploded the demand for residential complexes in many developing cities and towns. The primary factors driving the development of the US real estate market are an upsurge in the construction of housing, commercial, retail, and hospitality units. This, in turn, boosts the demand for drain cleaning equipment in the North America region.

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Competitive Landscape

The key players studied in the global drain cleaning equipment market are AUSSIE PUMPS (Australia), Duracable Manufacturing (US), Electric Eel Manufacturing (US), Emerson Electric Co. (US), Flowplant Group Ltd (UK), General Wire Spring Co. (US), Goodway Technologies Corporation (US), Gorlitz Sewer & Drain, Inc. (US), Nilfisk Ltd (UK), and SPARTAN TOOL, L.L.C. (US).

Global Drain Cleaning Equipment Market: Recent Developments

• March 2022, Goodway Technologies announces the recent acquisition of Doman, SRL, a premier manufacturer of dry industrial steam cleaning systems for commercial and industrial applications. Dry steam cleaning systems are used worldwide to deliver powerful cleaning and sanitation performance across many commercial and industrial applications.
• November 2020, Aussie Pumps released the first Cobra drain cleaning jetter two decades ago, not knowing how it was going to impact the plumbing industry. Now, after years of product development and technological advancements, a range of high pressure jetters are on the market that are faster, safer and more efficient than conventional ‘eels’ or other electro-mechanical drain cleaning equipment.

Global Drain Cleaning Equipment Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global drain cleaning equipment market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global drain cleaning equipment market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global drain cleaning equipment market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global drain cleaning equipment industry.

Global Drain Cleaning Equipment Market Segmentation

By Product

• Hand Tool
• Sink Machine
• Sectional Machines
• Rodders
• Jetters
• Push Rod Camera
• Locating Equipment
• Flexible Shaft Machine

By Power Source

• Hand Operated
• Fuel Powered
• Gas Powered
• Electric

By End User

• Professional
• Do It Yourself

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AUSSIE PUMPS (Australia)
• Duracable Manufacturing (US)
• Electric Eel Manufacturing (US)
• Emerson Electric Co. (US)
• Flowplant Group Ltd (UK)
• General Wire Spring Co. (US)
• Goodway Technologies Corporation (US)
• Gorlitz Sewer & Drain, Inc. (US)
• Nilfisk Ltd (UK)
• SPARTAN TOOL, L.L.C. (US)

Medical Equipment Maintenance Market to Reach USD 121.9 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical equipment maintenance market is expected to grow rapidly over the next 10 years to reach a value of more than USD 121.9 billion by 2031.

To accurately assess patients’ health, medical equipment is used in diagnostic procedures as well as operations and therapies. As a result, maintaining and enhancing the accuracy and precision of medical devices depends greatly on their maintenance. Maintenance of medical equipment makes sure the tools are accurate and error-free. It entails determining the expected lifespan of machinery that ranges from simple devices like sphygmomanometers to complex ones like Magnetic Resonance Imaging (MRI) machines. Additionally, it is involved with frequency-scheduling tasks, fixing broken equipment, optimizing, and deciding on maintenance schedules based on user data. With the rise in demand for refurbished medical equipment and the incidence of life-threatening disorders, there has been a growing necessity for maintaining medical equipment in recent years.

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Medical Equipment Maintenance Market: Key Trends and Drivers

In recent years, as healthcare organizations have worked to improve patient safety and care quality, there has been a greater emphasis on preventive maintenance of medical equipment. This entails a properly planned program where scheduled maintenance chores are carried out to prevent greater and more expensive problems in the future. Additionally, it aids in lowering equipment downtime, improving device reliability and enhancing daily operations.

Preventive maintenance strategies are becoming more popular as planned inspections and maintenance of medical devices help prevent unfavorable incidents and accidents involving medical devices. The safe, effective, and long-lasting use of medical devices is guaranteed by routine maintenance services. In the upcoming years, development possibilities for service providers are anticipated as a result of the increasing emphasis that healthcare organizations are placing on the implementation of preventative maintenance practices.

Medical Equipment Maintenance Market: Restraints and Challenges

Healthcare professionals can track and monitor the state of medical devices through maintenance programmes, ensuring effective use and optimal uptime. Given the present emphasis on preventive maintenance and cost pressures, this is especially crucial in order to control total expenditure in the context of austerity measures. These initiatives involve the use of cutting-edge technology-based asset management solutions. However, the deployment of these solutions comes with high initial installation costs and hefty maintenance costs, whilst the installation of advanced medical equipment comes with a service contract cost that must be paid on a yearly basis (around 12% of the cost of the medical equipment). Consequently, during the equipment’s lifetime, the servicing costs incurred are typically higher than the equipment’s purchase price. End customers are being discouraged from utilising advanced medical technology because of the high expense of installation and upkeep.

Medical Equipment Maintenance Market Report Findings

https://www.globalinsightservices.com/reports/medical-equipment-maintenance-market/

The imaging equipment segment is anticipated to dominate the market during the forecast period

Based on the equipment, it is segmented into imaging equipment, electromedical equipment, endoscopic devices, surgical instruments, and other. The imaging equipment segment is anticipated to dominate the market during the forecast period. This can be ascribed to the emergence of non-invasive and robotic methods enhancing global surgical operations. In the United States, around 1.8 million cosmetic surgery procedures were carried out in 2019, according to the Plastic Surgery Statistics Report.

The corrective maintenance segment is anticipated to dominate the market during the forecast period

Based on the service, it is segmented into preventive maintenance, corrective maintenance and operational maintenance. The corrective maintenance segment is anticipated to dominate the market during the forecast period. Correcting a device breakdown or component failure that has happened or has intermittently happened in the device is an unplanned activity. Following an unanticipated failure, corrective maintenance activities include the replacement or restoration of any systems or components needed to restore the physical integrity, aesthetic appeal, and/or functional capabilities of a medical device.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The strong base of healthcare facilities, particularly hospitals and diagnostic imaging centers, and the expanding installation base for cutting-edge medical technology in healthcare facilities are mostly to blame for the market’s rise. In 2020, the US held the greatest market share. The strong independent service provider base, in-house maintenance, and expanding medical device installation base in healthcare institutions are primarily responsible for the market growth.

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Competitive Landscape

The key players studied in the report are GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), Canon, Inc. (Toshiba Medical System Corporation, Japan), Agfa-Gevaert Group (Belgium), Carestream Health, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Hitachi Medical Corporation (Japan), Althea Group (Italy), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), KARL STORZ GmbH & Co. KG (Germany), and Aramark Services, Inc. (US) among others.

Recent Developments

• July 2022, B. Braun launched Technical Service Center to provide quality-driven medical equipment repair and maintenance services to support the Thailand public health system.
• May 2022, Medical Manufacturing Technologies, expanded its catheter manufacturing solutions offering with the acquisition of Medical Production Technology Europe (MPT). They provides equipment and process development services centered on balloon forming, folding and pleating, thermal bonding, and stent crimping solutions.
• March 2021, FUJIFILM Corporation acquired the Diagnostic Imaging-related Business of Hitachi, Ltd. To support R&D, manufacturing, marketing and maintenance services for diagnostic imaging systems, electronic medical records, and other medical related products & services.
• February 2021, Siemens Healthineers entered into an eight-year technological partnership with Kantonsspital Baden for procurement & maintenance of medical imaging systems, technology management, and the expansion of telemedicine solutions.
• December 2019, GE Healthcare signed a six-year service contract for imaging technologies across Affidea’s network in the Netherlands.

Medical Equipment Maintenance Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Medical Equipment Maintenance market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Medical Equipment Maintenance market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Medical Equipment Maintenance market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Medical Equipment Maintenance industry.

Global Medical Equipment Maintenance Market Segmentation

By Equipment

• Imaging Equipment
• Electromedical Equipment
• Endoscopic Devices
• Surgical Instruments
• Other

By Service

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• GE Healthcare (US)
• Siemens Healthineers (Germany)
• Koninklijke Philips N.V. (Netherlands)
• Medtronic plc (Ireland)
• FUJIFILM Holdings Corporation (Japan)
• Canon, Inc. (Toshiba Medical System Corporation, Japan)
• Agfa-Gevaert Group (Belgium)
• Carestream Health, Inc. (US)
• Drägerwerk AG & Co. KGaA (Germany)
• Hitachi Medical Corporation (Japan)
• Althea Group (Italy)
• Olympus Corporation (Japan)
• B. Braun Melsungen AG (Germany)
• KARL STORZ GmbH & Co. KG (Germany)
• Aramark Services, Inc. (US)

Medical Imaging Market to Reach US$ 55.1 bn by 2031, driven by rise in incidence of chronic diseases and advancement in technology in medical imaging: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical imaging market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 55.1 billion by 2031.

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Medical Power Supply Market: Key Trends and Drivers

The increase in prevalence of cardiac disease drives the growth of the medical/diagnostic imaging market size. The imaging system such as radionuclide imaging, ultrasound, optical imaging, and CT scan are used in diagnosis of cardiac disorders to maximize diagnosis accuracy and enhance patient care. For instance, according to World Health Organization (WHO), in June 2021, it was observed that cardiovascular diseases (CVDs) are the leading cause of death globally. In addition, upsurge in number of hospitals and diagnostics centers, and initiative taken by government and private organization to develop medical sectors drives the medical imaging market trends. Furthermore, the increased R&D activities in imaging technology and rise in number of approval for products boost the medical/diagnostic imaging industry. For instance, in April, 2021, Canon Medical Systems USA, Inc., a leading developer of medical devices, received U.S. FDA approval for One-Beat Spectral Cardiac CT, for cardiovascular imaging.

Medical Power Supply Market: Restraints & Challenges

In response to increasing government pressure for reducing healthcare costs, several healthcare providers have aligned themselves with group purchasing organizations (GPOs), integrated health networks (IHNs), and integrated delivery networks (IDNs). These organizations aggregate the purchasing volume of their members and bargain for a competitive price with the suppliers and manufacturers of medical devices. GPOs, IHNs, and IDNs negotiate heavily for bulk purchases of diagnostic imaging devices. The rising cost of prescription drugs and a sharp decline in the proposed budget allocations for Health and Human Services in the US, as of 2019, have significantly reduced hospital budgets. A study by the American Hospital Association estimates that federal payment cuts to hospitals would amount to USD 218 billion by 2028, forcing hospitals to allocate smaller budgets annually.

Medical Imaging Market Report Findings

https://www.globalinsightservices.com/reports/bioimpedance-analyzers-market/

The ultrasound segment is likely to hold a dominant medical imaging market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into X-ray devices, magnetic resonance imaging (MRI), ultrasound, computed tomography, nuclear imaging, and mammography. In 2021, ultrasound segment dominated the market and accounted for the largest revenue share in 2021. The ultrasound segment dominated the global market in 2021 and accounted for the largest share of more than 28.00% of the global revenue. The segment is expected to maintain its lead during the forecast period. The segment growth can be attributed to the rising number of ultrasound applications. Recent developments in advanced ultrasound transducers have opened new avenues for ultrasound devices in biomedical and cardiovascular imaging. Moreover, a high focus on the development of portable ultrasound devices is expected to expand the applications of this modality in ambulatory as well as emergency care. The integration of Artificial Intelligence (AI) into ultrasound systems to automate the process of image quantification and selection, is also expected to influence the market growth.

The hospital segment is anticipated to hold a majority of the medical imaging market size throughout the study period.

Based on end-use, it is segmented into hospitals, diagnostic centers and others. Among them, hospital segment dominated the global market in 2021 and accounted for the largest share of more than 47.00% of the overall revenue. Rising demand for advanced imaging modalities and the integration of surgical suits with imaging technologies are some of the factors driving the segment growth. Some of the countries in developed regions have shown a sharp rise in demand for these modalities in teaching hospitals as compared to general or special hospitals. However, developing countries in the Asia Pacific region have shown a steep rise in the number of new hospitals. This can be attributed to the entry of multinational healthcare service providers. Healthcare service in these countries is dominated by private players. New hospitals generally provide dedicated space for imaging modalities. Rising competition and increasing demand for world-class healthcare services are the factors expected to fuel the segment growth in the coming years. The diagnostic imaging segment is estimated to mark the highest growth rate due to the increased adoption of advanced technology, improved infrastructure, and high funding for the growth of these centers.

The Asia Pacific region is estimated to exhibit the highest growth rate during the medical imaging market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period owing to the rising incidences of chronic diseases and high demand for advanced imaging devices. An increasing number of local manufacturing units is expected to provide moderately-priced diagnostic units, thus helping in this price-sensitive, underpenetrated market space.

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Competitive Landscape

The global medical imaging market report includes players such as Siemens Healthineers, Canon Medical System Corporation, Samsung Medison, Koninklijke Philips, Carestream Health, Fujifilm, Esaote, GE Healthcare, Hologic, and Konica Minolta, among others. among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections.

For instance, in August 2020, Philips expanded its cardiovascular ultrasound portfolio by launching Affiniti CVx. The system is designed to help cardiology departments and provide better care to more patients while improving efficiency and throughput.

Recent Developments in the Medical Power Supply Market:

• In March 2022, Canon Medical Systems announced an agreement to acquire Nordisk Røntgen Teknik. Nordisk Røntgen Teknik is a leading manufacturer of diagnostic X-ray systems. This acquisition has helped the company establish its global presence in the X-ray business.
• In March 2022, at 74th National Conference, IRIA 2022, Bengaluru, Siemens Healthineers presented its new product MAGNETOM Free.Star and NAEOTOM Alpha in MRI and CT pipeline. These product launches helped the company widen its customer base by providing advanced medical imaging technology.
• In November 2021, Philips announced the launch of an AI-enabled MR imaging portfolio, which is intended to improve the efficiency and sustainability of radiology operations by speeding up

Medical Imaging Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global medical imaging market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future medical imaging market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the medical imaging market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Medical Imaging Market Segments

By Product

• X-Ray Devices
  • Digital
  • Analog
• Magnetic Resonance Imaging (MRI)
• Ultrasound
  • 2D Ultrasound
  • 3D Ultrasound
  • Others
• Computed Tomography
• Nuclear Imaging
• Mammography

By End-use

• Hospitals
• Diagnostic Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Siemens Healthineers
• Canon Medical System Corporation
• Samsung Medison
• Koninklijke Philips
• Carestream Health
• Fujifilm
• Esaote
• GE Healthcare
• Hologic
• Konica Minolta

Medical Power Supply Market to Reach US$ 2.4 bn by 2031, driven by growing demand for portable and home-based devices: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical power supply market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 2.4 billion by 2031.

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Medical Power Supply Market: Key Trends and Drivers

Increasing accessibility by major product manufacturers will `fuel the industry growth. Many market players have begun to offer products on their websites or third parties, thus greatly expanding product accessibility. By increasing visibility and reach, companies can boost revenue significantly. E-commerce websites already have a well-established presence in many countries, and this also helps the company expand reach to regions otherwise not penetrated or accessible.

Medical Power Supply Market: Restraints & Challenges

Technical limitations of power supply may restraint the market growth. Conventional power supply assemblies are associated with several technical limitations: limited power optimization, substantial functional noise, device overheating, and low detection quality of target biomolecules. Therefore, there is a constant customer need for novel power supply assemblies, and a long-term gap between development and commercialization of the same is expected to restrain the growth of the global market. However, this may be mitigated through industry-academia collaborations and industry-customer partnerships to develop novel components as per changing user needs.

Medical Power Supply Market Report Findings

https://www.globalinsightservices.com/reports/medical-power-supply-market-forecast-to-2031-global-insight-services/

The DC to DC power supply segment is likely to hold a dominant medical power supply market share and grow at a substantial CAGR during the forecast period.

Based on technology, it is segmented into AC to DC power supply, and DC to DC power supply. In 2021, DC to DC power supply segment dominated the market and accounted for the largest revenue share in 2021. The growth of this segment is anticipated to A DC to DC power supply converts a direct current (DC) input supply to a DC output supply typically at a different voltage level. There are many different types of DC power supply converters available, which are grouped into three categories: linear DC power supplies, switching DC power supplies, and switching flyback. They are increasingly used in portable electronic devices such as cellular phones and laptop computers. DC-DC converters are widely used to efficiently produce a regulated voltage from a source that may or may not be well controlled to a load that may or may not be constant

The open frame power supply segment is anticipated to hold a majority of the medical power supply market size throughout the study period.

Based on type, it is segmented into open frame power supply, enclosed power supply, adapter power supply, and converters. Among them, open frame power supply segment accounted for significant share in 2021. An open frame power supply may consist of a frame without a lid, a simple chassis plate, or even just a separate PCB, depending on the intended application. The power range is very extensive, and the design can also be tailored exclusively to specific markets such as for the medical or industrial sectors.

The diagnostic imaging and monitoring equipment segment is anticipated to hold a majority of the medical power supply market size throughout the study period.

Based application, it is segmented into diagnostic, imaging, and monitoring equipment, surgical equipment, home medical equipment and others. Among them, diagnostic, imaging, and monitoring equipment segment is expected to grow with the highest CAGR during the forecast period. Diagnostic and Monitoring Equipment is Expected to Hold Significant Market Share

Power supply products and technology play a critical role in medical imaging, diagnostics, monitoring equipment, and therapeutic businesses. From generating X-rays to powering detectors, these varied voltage power supply and X-ray generator solutions enable and improve the delivery of medical treatment. The increase in the number of government initiatives for the diagnosis of infectious disease and the rising need for fast detection of diseases are contributing to the growing demand for diagnostic and monitoring equipment across the world. Governments are proactively investing in many research studies, including those for the diagnosis of infectious diseases. Technology holds a central role in expanding the market for diagnostic and monitoring devices. The increase in the aging population and the transformation of acute illnesses, such as heart failure into chronic diseases, indicate that the number of patients is also increasing. All the aforementioned factors are expected to contribute to the huge market share of the segment.

The Asia Pacific region is estimated to exhibit the highest growth rate during the medical power supply market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. It is expected to be dominant in the medical power supply devices market in the long run. Over the next five years, the growth of the market in the Asian region is likely to be centered in China, India, Taiwan, South Korea, and Singapore. The growth mentioned above will be driven by the improvement in the standard of living, greater access to medical treatment. Plus, the more prominent supply manufacturers are opening their manufacturing facilities in the Asian subcontinent; especially in China. This is fueling the growth of the medical power supply market in the region.

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Competitive Landscape

The global medical power supply market report includes players such as Advanced Energy Industries (US), Delta Electronics (Taiwan), TDK-Lambda Corporation (Japan), SL Power Electronics (US), XP Power (Singapore), Spellman High Voltage Electronics Corporation (US), COSEL (Japaan), FRIWO Gerätebau (Germany), Bel Fuse (US), and MEAN WELL Enterprises (Taiwan), among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in September 2021, New Yorker Electronics announced its release of the new Polytron Devices PFMUIC700 Series of AC-DC power supplies designed for medical applications. The Polytron PFMUIC700 series features ultra-compact size of 6.7 x 3.66 x 1.61 inch (170.2 x 93.0 x 41.0mm) in a fully enclosed plastic case.

Recent Developments in the Medical Power Supply Market:

• In August 2021 – CUI, a Bel group company, announced the addition of 12 new models to its VMS-C and VMS-C-CNF range of internal medical ac-dc power supplies. These new, higher power models are chassis-mount units, available in open-frame or metal-case variations that are ideal for use in medical and home healthcare applications, such as ultrasound machines and medical beds.
• In June 2021 – Powerbox announced 300% peak power open-frame power supplies for medical and industrial applications. For medical applications, the AEA600F input to output isolation complies with 2MOPP, its input to the ground with 1MOPP, and output to the ground with 1MOPP making the product suitable for the Body Floating (BF) applications. The units are approved under ANSI/AAMI ES60601-1 and EN60601-1 3rd Edition.
• In December 2020 – CUI Inc. announced the addition of two 120-watt ac-dc external power supply series, expanding its existing 60601 certified medical power supply family. The new series footprint is 35% smaller than its non-medical counterpart, providing a lighter and less cumbersome adapter that can power a wide range of medical and dental devices.
• In April 2020 – XP Power released its new UCH600 series of convection cooled, 600W AC-DC power supplies. The ultra-compact power supplies do not require additional cooling and deliver full load power under a wide range of conditions. This series can be used in medical devices, as well as for industrial electronics applications.

Medical Power Supply Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global medical power supply market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future medical power supply market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the medical power supply market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Medical Power Supply Market Segments

By Technology

• AC to DC Power Supply
• DC to DC Power Supply

By Type

• Open Frame Power Supply
• Enclosed Power Supply
• Adapter Power Supply
• Converters

By Application

• Diagnostic, Imaging, and Monitoring Equipment
• Surgical Equipment
• Home Medical Equipment
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Advanced Energy Industries (US)
• Delta Electronics (Taiwan)
• TDK-Lambda Corporation (Japan)
• SL Power Electronics (US)
• XP Power (Singapore)
• Spellman High Voltage Electronics Corporation (US)
• COSEL (Japaan)
• FRIWO Gerätebau (Germany)
• Bel Fuse (US)
• MEAN WELL Enterprises (Taiwan)

Medical Electrodes Market to Reach USD 2.6 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical electrodes market is expected to grow rapidly over the next 10 years to reach a value of more than USD 2.6 billion by 2031.

A medical electrode is a tiny metal plate or needle that transfers electricity from a device to a patient for therapy or surgery. Additionally, electrodes transfer electrical impulses from the heart, brain, skin, muscles, and other regions of the body to recording equipment to aid in the diagnosis of specific disorders. Electrodes come in a variety of forms, including those used for electrocardiography (ECG), foetal scalp electrograms, electroencephalograms, transcutaneous electrical nerve stimulation (TENS), and pacemaker electrodes. The detection of any specific irregularities in the brain is aided by electroencephalography. By placing about 10 electrodes in various locations for the monitoring of electrical and ionic waves or neuronal activity, these brain wave patterns are detected and recorded.

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Medical Electrodes Market: Key Trends and Drivers

Over time, there has been a dramatic rise in the prevalence of sleep disorders, cardiovascular and neurological ailments. The volume of diagnostic and therapeutic operations has consequently increased. Because of this, market expansion is probably being driven by the rising demand for these operations. For instance, cardiovascular disease (CVD) is a major cause of death and disability worldwide, according to the World Health Organization (WHO). Globally, 17.9 million CVD-related deaths were reported in 2016; by 2030, this number is expected to rise to 23.6 million.

Medical Electrodes Market: Restraints and Challenges

Government restrictions that come with the approval of these devices limit commercial expansion. Additionally, the rise of this market during the projection period is hampered by some underdeveloped or developing countries’ lack of knowledge about the benefits and associated technological advancements of such devices.

Medical Electrodes Market Report Findings

https://www.globalinsightservices.com/reports/medical-electrodes-market/

The surface electrodes segment is anticipated to dominate the market during the forecast period

Based on the product, it is segmented into surface electrodes, needle electrodes. The surface electrodes segment is anticipated to dominate the market during the forecast period. The key factors such as rising incidences of neurological & cardiovascular disorders coupled with increasing investment in research for medical devices is boosting the growth of the market.

The disposable electrodes segment is anticipated to dominate the market during the forecast period

Based on the usability, it is segmented into disposable medical electrodes and reusable medical electrodes. The disposable electrodes segment is anticipated to dominate the market during the forecast period. Due to their low risk of cross-contamination and affordability, disposable electrodes are being used more frequently, which is responsible for their significant market share.

The global increase in cardiac illnesses will lead to an increase in the revenue generated by the electrocardiography (ECG) modality medical electrodes market

Based on the modality, it is segmented into electromyography, electrocardiography, electroencephalography, brainstem auditory evoked potentials and others. The global increase in cardiac illnesses will lead to an increase in the revenue generated by the electrocardiography (ECG) modality medical electrodes market. In order to record the electrical signals of the heart and look for various heart problems, these electrodes are typically positioned on the patient’s chest. The expanding market will benefit from the increased focus on early diagnosis.

The cardiology application segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into neurophysiology, cardiology, sleep disorders, intraoperative monitoring, and others. The cardiology application segment is anticipated to dominate the market during the forecast period. Cardiovascular diseases (CVDs) can be regarded as a main cause of death globally and contributed to more than 17.9 million fatalities in 2019, according to the WHO (World Health Organization). Out of these fatalities, heart attacks and strokes were the leading causes of death for about 85% of people. The increased need for early detection and better treatment of these diseases will give the use of medical electrodes a significant boost.

North America region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America region is anticipated to dominate the market during the forecast period. The region’s healthcare spending is on the rise as a result of the quickly growing elderly population and the growing burden of chronic diseases. Higher rates of technological advancements in medical electrodes are a result of the expanding utility of medical devices and effective governmental initiatives. Other factors promoting regional industrial growth include an expanded base of international corporations, rising healthcare awareness, and the availability of greater infrastructure.

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Competitive Landscape

The key players studied in the report are Cardinal Health (US), 3M (US), ZOLL Medical Corporation (US), Medtronic (Ireland), Ambu A/S (Denmark), Natus Medical, Inc. (US), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), CONMED Corporation (US), GE Healthcare (US), Cognionics, Inc. (US), Nihon Kohden Corporation (Japan), Rhythmlink International, LLC (US), Compumedics Limited (Australia), and Nissha Medical Technologies (Japan) among others.

Recent Developments

• September 2021, Bittium Corporation launched Omega Snap and added one more product to its Omega Snap product family. In combination with the Bittium Faros ECG device, the new Bittium Omega Snap patch electrodes support one (1-CH), two (2-CH) and three channel (3-CH) ECG measurements.
• June 2021, Merck, a subsidiary of B. Braun in its new bioelectronics innovative field. With the help of this collaboration companies can develop a neurostimulator device which can be accompanied with the existing drug therapies of patients with chronic inflammatory diseases.
• May 2021, DC-based startup iCE Neuro Systems received approval from the United States Food and Drug Administration (USFDA) for a subcutaneous electrode called iCE-SG, designed to monitor the brain’s electrical activity from beneath the skin of the scalp.
• December 2020, Neuro One Medical Technologies Corporation, announced its first human commercial use of its Evo Cortical Electrode.
• May 2020, Natus Medical, Inc. entered into a partnership with Holberg EEG AS. This partnership aims to improve and automate the diagnosis of epilepsy by developing and distributing an Auto SCORE algorithm across the globe.
• April 2020, Nihon Kohden disclosed the release of its new Premium electroencephalogram electrode, Disposable Gold Cup to the healthcare community.
• April 2019, Medtronic entered into a distribution agreement with Alpha Omega. This agreement aimed to market Medtronic’s surgical navigation products designed for procedures in the brain.
• May 2018, GE Healthcare collaborated with Preventice Solutions. This collaboration is aimed to offer GE Healthcare ECG service into the home, creating a complete solution for monitoring ambulatory ECG patients.

Medical Electrodes Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Medical Electrodes market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Medical Electrodes market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Medical Electrodes market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Medical Electrodes industry.

Global Medical Electrodes Market Segmentation

By Product

• Surface Electrodes
• Needle Electrodes

By Usability

• Disposable Medical Electrodes
• Reusable Medical Electrodes

By Modality

• Electromyography
• Electrocardiography
• Electroencephalography
• Brainstem Auditory Evoked Potentials
• Others

By Application

• Neurophysiology
• Cardiology
• Sleep Disorders
• Intraoperative Monitoring
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Cardinal Health (US)
• 3M (US)
• ZOLL Medical Corporation (US)
• Medtronic (Ireland)
• Ambu A/S (Denmark)
• Natus Medical, Inc. (US)
• Koninklijke Philips N.V. (Netherlands)
• B. Braun Melsungen AG (Germany)
• CONMED Corporation (US)
• GE Healthcare (US)
• Cognionics, Inc. (US)
• Nihon Kohden Corporation (Japan)
• Rhythmlink International, LLC (US)
• Compumedics Limited (Australia)
• Nissha Medical Technologies (Japan)

Global Cam Locks Market to Reach US$ 3.8 BN by 2031, driven by the Growing Use of Cam Locks in Construction Industry: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the cam locks market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.8 billion by 2031.

A cam lock is a specific locking mechanism used in security systems to safeguard any type of facility. Cam locks, which are primarily meant for internal rather than external use, are not high-security locks in terms of physical robustness. Still, they are more than suitable for most customer needs. After installing the lock, the enclosure is unlocked by inserting and turning a key into the former part. Cam locks are often preferred over padlocks because they are concealed. Cam locks allow consumers to assemble cabinets and furniture easily and quickly. Increasing the use of cam locks in the construction industry along with wide scope applications in various industries would drive the cam locks market growth during the forecast period.

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Global Cam Locks Market: Key Drivers

The increasing usage of cam locks in growing residential and commercial spaces is one of the primary drivers of the cam locks market growth. Especially in commercial construction, due to the rise in urbanization, several commercial spaces are growing worldwide. Adoption of cam locks from end users such as office spaces, hotels, restaurants, public administrative buildings, shopping malls, and recreational facilities is rising. A cam lock is one of the most basic and often used locks in manufacturing cabinets and other furniture. It is vital in seating arrangements and document storage in commercial areas. In the residential construction sector, with the rise in compact households, multi-functional furniture has become popular, allowing for large storage. There has been an increase in extra home spaces for offices, which has resulted in a demand for office furniture. The booming construction industry is propelling the global cam locks market.

Global Cam Locks Market: Market Restraints and Challenges

Increasing overall maintenance and repair cost of cam locks and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cam locks are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices influences the ability of manufacturers to produce cam locks based on specific requirements. However, companies are increasing investment in research and development for cost-effective technology to reduce the cost of cam locks.

Global Cam Locks Market Report Findings

https://www.globalinsightservices.com/reports/cam-locks-market/

The regular segment is likely to hold the major share of the market in 2021

Based on type, it is bifurcated into regular and electronic. The regular segment is expected to be the largest segment in the cam locks market in 2021 owing to the availability of advanced manufacturing processes and the most rigorous quality management techniques. Due to this factor mentioned above, the regular segment is expected to hold a major market share in 2021.

The metal furniture segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into metal furniture, wooden furniture, mail boxes, automotive accessories, lockers, windows and doors, and others. The metal furniture segment is expected to be the largest segment in the cam locks market in 2021 as it creates high demand for metal filing and lockable metal cabinets with fire-resistant and water-resistant qualities. Thus, the metal furniture segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The rapidly growing construction activities across countries, such as China and India, are propelling the economic growth across Asia Pacific. Despite the economic challenges, the Asia Pacific construction industry recorded significant growth in 2021. Demand for residential construction remained strong in big economies. Also, infrastructure construction experienced significant investments, and regional construction companies expanded at faster pace. The huge development potential for single-family housing and multifamily housing units construction propels the growth of the cam locks market in Asia Pacific.

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Competitive Landscape

The key players studied in the global cam locks market are ABS Corporation (India), ASSA ABLOY (Sweden), Camsco Electric (Taiwan), Eberhard Manufacturing (US), EMKA Beschlagteile GmbH & Co. KG (Germany), JK Lock Co.,Ltd. (Taiwan), Lowe & Fletcher Ltd (UK), Shah Industries (India), SINOX COMPANY LTD. (Taiwan), and Southco, Inc. (US).

Global Cam Locks Market: Recent Developments

• June 2022, Southco, Inc. introduced the newest product in its successful C2 series of lever latches, with a new push-to-lock option that incorporates an auto-relock feature. With customizable features, versatile locking styles, and a streamlined industrial appearance, the push-to-lock C2 Lever Latch provides upgraded functionality that is used to demonstrate compliance with industry regulations.
• February 2022, EMKA had expanded its product range with a folding T-Handle series. These are robust locks dedicated for use on heavy or large doors and flaps with a thickness of up to 4 mm. For this reason, the folding handles were also designed to be significantly larger and stronger than the basic version. The new robust folding handles are available in two different materials. In the first material version, both the dish and the handle are made of zinc die. Both components can be supplied chrome-plated or powder-coated – or in combination – depending on the customer’s requirements. The second version consists of a stainless steel dish in combination with a zinc die or stainless steel T-handles.
• November 2021, ABLOY USA had entered into a national distributor partnership with Anixter, Inc. to expand brand awareness in the critical infrastructure market. The agreement means more attention from a wider audience for mechanical and electromechanical high-security products such as the award-winning intelligent key system ABLOY PROTEC2 and PROTEC2 CLIQ.

Global Cam Locks Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global cam locks market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global cam locks market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global cam locks market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global cam locks industry.

Global Cam Locks Market Segmentation

By Type

• Regular
• Electronic

By Application

• Metal Furniture
• Wooden Furniture
• Mail Boxes
• Automotive Accessories
• Lockers
• Windows and Doors
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• ABS Corporation (India)
• ASSA ABLOY (Sweden)
• Camsco Electric (Taiwan)
• Eberhard Manufacturing (US)
• EMKA Beschlagteile GmbH & Co. KG (Germany)
• JK Lock Co.,Ltd. (Taiwan)
• Lowe & Fletcher Ltd (UK)
• Shah Industries (India)
• SINOX COMPANY LTD. (Taiwan)
• Southco, Inc. (US)

Medical Radiation Detection, Monitoring & Safety Market to Reach US$ 2.0 bn by 2031, driven by the increasing prevalence of cancer necessitates the use of medical radiation detectors: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical radiation detection, monitoring & safety market is expected to grow rapidly over the next 10 years to reach a value of more than the US$ 2.0 billion by 2031.

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Medical Radiation Detection, Monitoring & Safety Market: Key Trends and Drivers

Extensive research is being conducted in premier institutes, focusing on developing new techniques for detecting and measuring radiation exposure during medical procedures will propel the market growth. For instance, according to an article published at Eureka Alert in April 2020, researchers at the Los Alamos National Laboratory and Argonne National Laboratory developed a new X-ray detector prototype which will revolutionize medical imaging, with a considerable reduction in radiation exposure and related health risks while also improving resolution in security scanners and research applications.

Moreover, increased use of nuclear medicine and radiation therapy for the diagnosis and treatment of acute radiation illness will contribute to the medical radiation detection market growth in the coming years. Furthermore, the number of diagnostic imaging facilities that require medical radiation detectors to avoid excessive radiation exposure has increased significantly, fueling the market growth during the forecast period. Rising awareness regarding safety from prolonged exposure to radiation especially in radiation-prone settings as well as an increase in the number of individuals having medical insurance would propel the growth of the medical radiation market during the forecast period.

Medical Radiation Detection, Monitoring & Safety Market: Restraints & Challenges

The rising cost of medical radiation detection, on the other hand, will stifle market growth. The medical radiation detection, monitoring, & safety market is moderately consolidated. The key players such as Fortive (US), Mirion Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), Ludlum Measurements, Inc. (US), IBA Worldwide (Belgium)-in the medical radiation detection, monitoring, & safety market accounted for a combined majority market share in 2020. There is a high degree of competition among the market players. Only major companies can afford high-capital investments as well as the high cost of R&D and manufacturing. This will prevent new entrants from entering this market.

Moreover, the scarcity and shortage of trained specialists stifle market expansion and the strict laws and compliances hamper the market’s growth for radiation safety. The market’s expansion is being stifled by the delays in product approvals caused by the government’s strict rules.

Medical Radiation Detection, Monitoring & Safety Market Report Findings

https://www.globalinsightservices.com/reports/medical-radiation-detection-monitoring-safety-market/

The area process dosimeters segment is likely to hold a dominant medical radiation detection, monitoring & safety market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into personal dosimeters, area process dosimeters, surface contamination monitors, and others. In 2021, area process dosimeters segment dominated the market and accounted for the largest revenue share in 2021. During the forecast period, area process dosimeters are expected to gain significant market share. This is attributed to the rising demand for such dosimeters for early detection of harmful radiation. The personal dosimeters segment is anticipated to gain the highest revenue during the forecast period, owing to the advantages offered by personal dosimeters such as an alarm system for radiation exposure throughout the day and the availability of indicators to detect increased susceptibility to harmful radiation.

The scintilators segment is anticipated to hold a majority of the medical radiation detection, monitoring & safety market size throughout the study period.

Based on detection type, it is segmented into gas-filled detectors, scintilators and solid-state. Among them, drug discovery segment accounted for significant share in 2021. Scintillators are materials that are able to convert high energy radiation such as X or gamma-rays to a near visible or visible light. They are widely used as detectors in medical diagnostics, high energy physics and geophysical exploration

The hospital segment is anticipated to hold a majority of the medical radiation detection, monitoring & safety market size throughout the study period.

Based end–user, it is segmented into hospitals, ambulatory surgery centers, clinics, and others. Hospital segment is expected to grow with the highest CAGR during the forecast period. n 2021, the hospitals category accounted for the largest share of the medical radiation detection, monitoring, & safety market, of around 70%. This is owing to the constantly expanding need for medical conventional and nuclear radiation for therapy and diagnosis (including in emergency care and dentistry). Because of the ease in the access to essential equipment and skilled labor, radiation-based procedures can be conducted conveniently at hospitals. Moreover, there is a steady rise in the number of inpatients and outpatients in hospitals, which will only become faster in the coming years. Moreover, the rapid increase in the number of hospitals is bolstering the medical radiation detection, monitoring, and safety solution demand.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the medical radiation detection, monitoring & safety market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. The Asia-Pacific market is growing at a fast pace. China and Japan are presently reigning this market. The Chinese market is expanding due to the presence of independent government departments related to Nuclear medicine such as the China Society of Nuclear Medicine, and the supportive norms and regulations that directly impact the market growth. The Japanese market, on the other hand, is driven by the rising number of individuals opting for radiotherapy resulting in increasing number of radiotherapy facilities. Although the prospects look good, factors like stringent government regulations and the high cost of lead (a major component of monitoring device) are restraining the market growth.

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Competitive Landscape

The global medical radiation detection, monitoring & safety market report includes players such as Fortive (US), Mirion Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), Ludlum Measurements, Inc. (US), IBA Worldwide (Belgium), AliMed, Inc. (US), Polimaster Ltd. (Republic of Belarus), AmRay Group (Ireland), Infab, LLC (US), Burlington Medical (US), and Bertin Instruments (France), among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in February 2019, Thermo Fisher Scientific launched new dosimetry monitoring service.

Recent Developments in the Medical Radiation Detection, Monitoring & Safety Market:

• In March 2021, Infab LLC launched the 903 Reverse Vest & Skirt, which offers effective scatter radiation protection.
• In January 2021, Mirion Technologies Inc., a provider of radiation detection and measurement solutions, acquired Sun Nuclear Corporation. This acquisition is aimed at enhancing the former’s position in the cancer therapy industry by using the latter’s technological competence, brand equity, and relationship capital.
• In August 2020, ECOTEST Group introduced the RKS-01 STORA-ABG, a small search radiometer–dosimeter with a telescopic tube, for the rapid detection and localization of alpha, beta, gamma, and X-ray sources.

Medical Radiation Detection, Monitoring & Safety Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global medical radiation detection, monitoring & safety market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future medical radiation detection, monitoring & safety market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the medical radiation detection, monitoring & safety market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Medical Radiation Detection, Monitoring & Safety Market Segments

By Product

• Personal Dosimeters
• Area Process Dosimeters
• Surface Contamination Monitors
• Others

By Detection Type

• Gas-Filled Detectors
• Scintilators
• Solid-State

By End-user

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Fortive (US)
• Mirion Technologies, Inc. (US)
• Thermo Fisher Scientific Inc. (US)
• Ludlum Measurements, Inc. (US)
• IBA Worldwide (Belgium)
• AliMed, Inc. (US)
• Polimaster Ltd. (Republic of Belarus)
• AmRay Group (Ireland)
• Infab, LLC (US)
• Burlington Medical (US)
• Bertin Instruments (France)

Medical Tapes and Bandages Market to Reach US$ 11.4 bn by 2031, driven by expansion and emergence of wound care management sector: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical tapes and bandages market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 11.4 billion by 2031.

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Medical Tapes and Bandages Market: Key Trends and Drivers

The global increase in the incidence of chronic diseases such as cancer, diabetes, and other autoimmune diseases is expected to drive market growth. Moreover, factors such as the adoption of unhealthy & sedentary lifestyles, antimicrobial resistance, smoking, and alcohol consumption are some of the other major factors contributing to the rise in the prevalence of non-communicable diseases. Furthermore, according to the WHO in April 2021, Non-communicable diseases (NCDs) claim the lives of 41 million people each year, accounting for 71% of all deaths worldwide. In addition, cardiovascular illnesses kill 17.9 million people per year, followed by cancer (9.3 million), respiratory disorders (4.1 million), and diabetes (1.5 million). As a result of the rising prevalence of chronic conditions, the number of surgeries being performed has also increased which is anticipated to increase the demand for medical tapes and bandage products, propelling the market growth.

Medical Tapes and Bandages Market: Restraints & Challenges

Increasing pricing pressure on market players may impede the overall industry growth. In response to the increasing government pressure for reducing healthcare costs, several healthcare providers have aligned themselves with group purchasing organizations (GPOs) and integrated health networks (IHNs). These organizations aggregate the purchasing volume of their members and bargain for a competitive price with suppliers as well as manufacturers of surgical devices. GPOs and IHNs negotiate heavily for the bulk purchase of surgical products. For instance, IPC Group Purchasing (IPC) supplies medical products, including bandages, dressings, medical tapes, and many other products from 3M, Covidien, ConvaTec, CareFusion, Welch Allyn, and a number of other companies to its network of 21 hospitals. Due to high volume purchases, IPC negotiates with its suppliers for prices and transfers the benefits to its customers as well. As a result, through bulk purchasing, IPC supplies all medical products at around 15% lesser price to its customers.

This bulk purchasing trend is increasing the pricing pressure on market players and decreasing their profit margins. Furthermore, small and medium-sized manufacturers that offer a limited range of medical tapes and bandages are facing a significant burden owing to the increasing power of GPOs and IHNs in the US. However, it is expected that the rising focus on the development of low-cost products will reduce the impact of this challenge to a certain extent in the coming years.

Medical Tapes and Bandages Market Report Findings

https://www.globalinsightservices.com/reports/medical-tapes-and-bandages-market/

The medical tapes segment is likely to hold a dominant medical tapes and bandages market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into bandages, and medical tapes. In 2021, medical tapes segment dominated the market and accounted for the largest revenue share in 2021. The majority of medical tapes are used to dress up both acute and chronic wounds. Over the projection period, drivers driving the market include an increase in the use of medical tapes and increased awareness of the use of medical adhesive products in sports injuries. Furthermore, these goods have a number of advantages, such as silicone-based tapes that allow for consistent adhesion and are pleasant on the skin, which is predicted to help the market flourish. The medical tapes segment is further fragmented into plastic tape, paper tape, fabric tape, and other tapes. The other tapes include silicone, acrylic, and rubber tapes.

The ulcer treatment segment is anticipated to hold a majority of the medical tapes and bandages market size throughout the study period.

Based on application, it is segmented into surgical wound treatment, traumatic wound treatment, ulcer treatment, sports injury treatment, burn injury treatment, and others. Among them, ulcer treatment segment accounted for significant share in 2021. The increasing cases of chronic diseases, especially diabetes, and the rising geriatric population in the country are the major driving factors for the segment growth. For instance, a 2018 systematic MEDLINE and PubMed review found the U.K. had the lowest (23.9/100,000 persons), whereas Spain had the highest annual incidence of all peptic ulcer disease (141.8/100,000 persons). Therefore, considerable segment growth is anticipated during the forecast period.

The ambulatory surgery centers segment is anticipated to hold a majority of the medical tapes and bandages market size throughout the study period.

Based end-user, it is segmented into hospitals, ambulatory surgery centers, clinics, home care settings, and others. Among these, ambulatory surgery centers segment is expected to grow with the highest CAGR during the forecast period. The segment’s expansion will be fueled by an increase in the number of ambulatory surgery facilities and surgical procedures during the forecast period. Furthermore, one of the primary drivers of the industry is the rising prevalence of surgical wounds. Surgical wound dressings necessitate continual monitoring, which is driving up patient demand for clinics. As a result, such factors are likely to boost segment growth during the projection period.

The Asia Pacific region is estimated to exhibit the highest growth rate during the medical tapes and bandages market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. Asia Pacific is expected to register the fastest CAGR of 4.05% from 2022 to 2030. The presence of a large patient pool and the growing need for technologically advanced & cost-efficient healthcare solutions are expected to present significant regional growth opportunities in the market. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for medical tapes and bandages in the Asia Pacific in the coming years. According to World Health Organization (WHO), (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non-communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer were the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenario may hinder market growth in the region.

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Competitive Landscape

The global medical tapes and bandages market report includes players such as 3M Company (US), Johnson & Johnson (US), Cardinal Health Inc. (US), Medline Industries Inc.(US), Essity (Sweden), McKesson Corporation (US), Integra Lifesciences Holdings Corporation (US), Smith & Nephew Plc., (US), B. Braun Melsungen AG (Germany), and PAUL HARTMANN AG (Germany), among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of speeding up the development of its medical bandages and tapes product line, thus boosting its client base and market reach.

Recent Developments in the Medical Tapes and Bandages Market:

• In April 2022, 3M Nexcare Duo bandages recognized as a Product of the year award winner.
• In April 2021, Essity acquired Bayport Brands which gave Essity distribution rights of the wound care technology Sorbact in Australia and New Zeland from Bayport Brands this will further accelerate the growth in the wound care market.
• In April 2020, Medline Industries partnered with Yale New Haven for the exclusive supply of medical supplies along with supply chain and logistics solutions.
• In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.
• In April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of speeding up the development of its medical bandages and tapes product line, thus boosting its client base and market reach. Additionally, key players are invest

Medical Tapes and Bandages Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global medical tapes and bandages market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future medical tapes and bandages market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the medical tapes and bandages market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Medical Tapes and Bandages Market Segments

By Product

• Bandages
• Medical Tapes

By Application

• Surgical Wound Treatment
• Traumatic Wound Treatment
• Ulcer Treatment
• Sports Injury Treatment
• Burn Injury Treatment
• Others

By End-user

• Hospitals
• Ambulatory Surgery Centers
• Clinics
• Home Care Settings
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• 3M Company (US)
• Johnson & Johnson (US)
• Cardinal Health Inc. (US)
• Medline Industries Inc.(US)
• Essity (Sweden)
• McKesson Corporation (US)
• Integra Lifesciences Holdings Corporation (US)
• Smith & Nephew Plc., (US)
• B. Braun Melsungen AG (Germany)
• PAUL HARTMANN AG (Germany)

Global Sewer Machine Market to Reach US$ 1.0 BN by 2031, driven by the Growing Demand for Sewer Jetter Equipment: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the sewer machine market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 1.0 billion by 2031.

A sewing machine is a mechanical (or electrical) device that joins fabric using thread like manual sewing. Sewing machines make a stitch, called a sewing-machine stitch, usually using two threads, although machines exist that stitch using one, three, four, or more threads. Sewing machines can make a great variety of plain or patterned stitches. They include means for gripping, supporting, and conveying the fabric past the sewing needle to form the stitch pattern. Most home sewing machines, as with many industrial machines, use a two-thread stitch called the lockstitch. Some other common machine types are chain stitch machines and sergers.

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Global Sewer Machine Market: Key Drivers

Sewage jetter equipment is becoming more popular in sewer and drainage cleanup activities, particularly in metropolitan areas. Their usage in the cleaning of industrial pipelines has grown in popularity. Sewage jetter equipment is in high demand due to the usage of powered cleaning equipment in municipal sewer machines. Sewer jetter equipment increased due to rising public awareness of hygiene and cleanliness. Municipalities are paying more attention to sewage management, particularly in metropolitan areas, which is increasing the usage of sewer jetter equipment. Using power drain cleaning equipment in routine drain maintenance also propels the sewer machine market forward. The legislative push in many nations that see drainage and sewer cleaning as part of providing a decent living to inhabitants increased clean sanitation facilities in residential areas. The increasing use of powered equipment such as sewer jetter equipment results from the rising focus on environmentally friendly sewage systems. The number of drain cleaning projects in the business sector is increasing, thereby strengthening the possibilities. Several countries’ governments are taking initiatives to improve sewage and drain system maintenance and operation spending, thereby increasing the demand for sewer jetter equipment. Thus, increasing demand for sewer jetter equipment is driving the growth of the global sewer machine market.

Global Sewer Machine Market: Market Restraints and Challenges

Limited availability of cost-effective sewer machine is expected to limit the market revenue growth. In addition, parts of sewer machine are expensive to replace and maintain, increasing overall maintenance and repair cost and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of sewer machine are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices influences the ability of manufacturers to produce sewer machine based on specific requirements. However, companies are increasing investment in research and development for cost-effective technology to reduce the cost of sewer machine.

Global Sewer Machine Market Report Findings

https://www.globalinsightservices.com/reports/sewer-machine-market/

The suction machine segment is likely to hold the major share of the market in 2021

Based on product, it is bifurcated into suction machine and jetting machine. The suction machine segment is expected to be the largest segment in the sewer machine market in 2021. Suction machines are efficient, eco-friendly, and cost-effective. Increased investments in the maintenance and operation of sewage and water utilities in emerging and developed nations to offer clean sanitation facilities are crucial factors influencing the adoption of suction machines. Due to these factors mentioned above, the suction machine segment is expected to hold a major market share in 2021.

The greater than 1300 gallon segment is likely to hold the major share of the market in 2021

Based on tank capacity, it is segmented into less than 500 gallon, 500-1300 gallon, and greater than 1300 gallon. The greater than 1300 gallon segment is expected to be the largest segment in the sewer machine market in 2021. Sewer machines are graded based on their ability to store liquid rather than their overall capacity. A sewer tank’s liquid capacity is the amount of wastewater it can contain. Its working capacity is commonly referred to as liquid capacity. The needed working capacity for a house is determined during construction by the number of bedrooms rather than the people living there. An average individual uses 60 to 70 gallons per day. Thus, most home tanks have capacities ranging from 750 to 1,250 gallons. The pricing of these machines varies with tank capacity. Thus, the greater than 1300 gallon segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The focus on recycled water for sewage jetting is a key trend that will significantly impact the sewer machine industry in the future year. Moreover, American manufacturers’ capacity to introduce unique combo truck models with water recycling capabilities was also introduced. Further, a greater number of manufacturers are present in this region. This, in turn, boosts the demand for sewer machine in the North America region.

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Competitive Landscape

The key players studied in the global sewer machine market are American Jetter (US), Federal Signal Corporation (US), Gorlitz Sewer & Drain, Inc. (US), Gradall Industries LLC (US), Jack Doheny Company (US), RIVARD (France), Sewer Equipment (US), SPARTAN TOOL, L.L.C. (US), Vac-Con (US), and Veolia Water Solutions & Technologies (France).

Global Sewer Machine Market: Recent Developments

• February 2022, Vac-Con, Inc. introduced the PRO Reel (Precision Reel Operation), elevating combination sewer cleaning capabilities to an extreme level. Designed from the operator out, the PRO Reel provides unparalleled flexibility, coverage, and visibility at the heart of the job.
• January 2021, Vac-Con announced that Westvac Industrial Ltd. is the exclusive dealer of Vac-Con products in Western Canada. Westvac operates three divisions, such as lifts and automotive, fleet, and fire, offering users a range of products, including heavy-duty lifts, wheel service equipment, sewer inspection equipment, hydro-excavators, refuse collection vehicles, street sweepers, and fire apparatus. Westvac provides coverage from four locations, all offering full maintenance, service, parts, and training.

Global Sewer Machine Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global sewer machine market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global sewer machine market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global sewer machine market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global sewer machine industry.

Global Sewer Machine Market Segmentation

By Product

• Suction Machine
• Jetting Machine

By Tank Capacity

• Less than 500 Gallon
• 500-1300 Gallon
• Greater than 1300 Gallon

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• American Jetter (US)
• Federal Signal Corporation (US)
• Gorlitz Sewer & Drain, Inc. (US)
• Gradall Industries LLC (US)
• Jack Doheny Company (US)
• RIVARD (France)
• Sewer Equipment (US)
• SPARTAN TOOL, L.L.C. (US)
• Vac-Con (US)
• Veolia Water Solutions & Technologies (France)

Global Gate Valve Market to Reach US$ 14.5 BN by 2031, driven by Surging Growth in Oil & Gas Sector: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the gate valve market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 14.5 billion by 2031.

A gate valve is a mechanical device that closes and opens or partly obstructs multiple entrances to control or regulate fluid flow (liquid or gas). Gate valves are commonly used in municipal applications to restrict the water flow for residential uses. These valves are also used in industries such as oil & gas and chemicals to accomplish critical functions related to fluids. Flexible wedge, solid wedge, split wedge, and parallel disc valves are among the type of gate valves employed in these industries. They can operate manually with the help of levers or other devices or automatically by using sensors and programming.

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Global Gate Valve Market: Key Drivers

In the oil & gas sector, gate valves have widespread applications in upstream, middle, and downstream operations. These valves employ a gate mechanism to open or close a pipeline completely. They provide an apt solution for the regulation and maintenance of flow rates. Thus, with the flourishing oil & gas sector worldwide, the gate valves market will likely keep up its pace during the forecast period.

According to research findings, the global energy demand is expected to increase by 50% over the next two decades. This projected surge in demand is mainly attributed to the expanding population worldwide and rising living standards in emerging countries. Despite the burgeoning popularity of new and renewable energy sources, petroleum remains a key energy source. New refineries are being planned at several locations across the world. Thus, the flourishing oil and gas sector contributes to the gate valve market proliferation.

Global Gate Valve Market: Market Restraints and Challenges

Increasing volatility in raw material prices and the high maintenance cost of gate valves are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices influences the ability of manufacturers to produce gate valves based on specific requirements. However, companies are increasing investment in research and development for cost-effective technology to reduce the cost of gate valves.

Global Gate Valve Market Report Findings

https://www.globalinsightservices.com/reports/gate-valve-market/

The solid wedge segment is likely to hold the major share of the market in 2021

Based on valve type, it is segmented into flexible wedge, solid wedge, and split wedge or parallel disks valve. The solid wedge segment is expected to have the largest gate valve market share in 2021. The solid wedge is the most popular and commonly utilized disc type because of its simplicity and strength. A one-piece solid disc with a cut around the perimeter makes up the flexible wedge; the size, shape, and depth of these cuts vary. Furthermore, the split wedge disk comprises two solid sections held together by a specific mechanism. Thus, the solid wedge segment is expected to receive the main market attraction resulting in market growth.

The alloys segment is likely to dominate the market during the forecast period

Based on material type, it is segmented into cast iron, steel, and alloys. The alloys segment is expected to dominate the market during the forecast period. Alloys have excellent machinability and corrosion resistance and are used for relatively small valves in low-pressure service. Due to the abovementioned factor, the alloys segment is expected to dominate the market during the forecast period.

The oil & gas segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into oil & gas, water & wastewater treatment, chemical, and others. The oil & gas segment is expected to be the largest segment in the gate valve market in 2021. For extraction and processing of crude and gas are mostly done using pipelines, valves are utilized to regulate the flow of oil and gas. Moreover, these resources are found in a limited geographic location and utilized across the globe. The distribution of these is done using pipelines. Thus, as industrialization is growing at a steady rate across the globe, the demand for oil and gas is also increasing. Several oil-producing countries are increasing oil production. Thus, the oil & gas segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The need for gate valves in Asia is driven by the growing industrialization in most emerging economies. Over the predicted period, gate valve usage is expected to increase significantly. China, along with other Asian countries, is the largest buyer of industrial valves, especially gate valves. Moreover, several municipal projects and government efforts for infrastructural development are expected to drive the Asia Pacific gate valve market throughout the forecast period. This, in turn, boosts the demand for gate valve in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global gate valve market are Econosto Oy (Finland), Emerson Electric Co. (US), ITT Inc. (US), Jash Engineering Ltd (India), Mueller Water Products, Inc. (US), Process Systems (Australia), RED VALVE COMPANY, INC. (US), The Weir Group PLC (UK), T-T Pumps (UK), and Velan Inc. (Canada).

Global Gate Valve Market: Recent Developments

• March 2022, Econosto Oy delivers high-quality valves, safety devices, regulators, level gauges and steam traps for the needs of shipyards, municipal engineering, industry and power plants. The company prioritizes perseverance, reliability and persistence in its operations.
• April 2021, Emerson had launched the new Clarkson KS1 Knife Gate Valve designed to help mine, oil sands, and pulp & paper operators achieve increased availability of their most challenging slurry processes. Emerson’s Clarkson KS1 Knife Gate Valve is a true bi-directional, full bore, ASME Class 150 valve designed for the rigors of heavy slurry service. Its advanced, patented sealing system delivers zero-leakage isolation for longer, enabling increased run time and throughput.

Global Gate Valve Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global gate valve market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global gate valve market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global gate valve market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global gate valve industry.

Global Gate Valve Market Segmentation

By Valve Type

• Flexible Wedge
• Solid Wedge
• Split Wedge or Parallel Disks Valve

By Material Type

• Cast Iron
• Steel
• Alloys

By Application

• Oil & Gas
• Water & Wastewater Treatment
• Chemical
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Econosto Oy (Finland)
• Emerson Electric Co. (US)
• ITT Inc. (US)
• Jash Engineering Ltd (India)
• Mueller Water Products, Inc. (US)
• Process Systems (Australia)
• RED VALVE COMPANY, INC. (US)
• The Weir Group PLC (UK)
• T-T Pumps (UK)
• Velan Inc. (Canada)

Medical Device Contract Manufacturing Market to Reach USD 195.3 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical device contract manufacturing market is expected to grow rapidly over the next 10 years to reach a value of more than USD 195.3 billion by 2031.

Medical device contract manufacturing is a business model where a medical device company or Original Equipment Manufacturer (OEM) outsources some or all of the production activities of their entire medical device or some specific components of the device to another company with specialised knowledge, technical expertise, and effective business operations. Medical device contract manufacturing (MDCM) companies provide a range of services, including product development, manufacture, and assembly, quality assurance and control, packaging, sterilization, and regulatory advising. In response to the rapidly expanding and changing medical device industry, today’s contract manufacturers have expanded their manufacturing capabilities, technological know-how, and business definitions to become “total solutions providers,” “full-service providers,” or “end to end solution providers.”

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Medical Device Contract Manufacturing Market: Key Trends and Drivers

Due to the increased development and production of sophisticated items like pacemakers and implanted medical devices, innovation in Class III medical devices is increasing. Given the intricacy of the assembly and testing processes, medical device manufacturers confront difficulties producing Class III devices in high amounts. Additionally, regulatory compliance for component traceability and verification, storage, and access must be met by both the devices and the processes. Automated production and manufacturing are essential due to the intricacy involved in generating a Class III device in these quantities. In order to achieve automation, high-quality manufacturing processes, and regulatory compliance, OEMs are using the knowledge of electronic manufacturing services. Advanced automation is made possible by Industry 4.0 technologies, such as cloud computing, machine-to-machine connectivity, and cyber-physical systems, which aid in overcoming these production issues. These technologies’ improved connectivity and data collection capabilities enable the development of high-volume, legally compliant manufacturing processes with effective inventory and production management.

Governments in numerous APAC nations are enticing manufacturers to include Industry 4.0 into their production methods in order to further the development of cutting-edge medical products. For instance, Thailand’s 4.0 growth model led to the establishment of an inventive centre to boost medtech device development and production. To help small and medium-sized businesses (SMEs) create newer technologies, the Intellectual Property Innovation-driven Entrepreneurship Center (IP-IDE) maintains its own data pool and patent information. The Thai government hopes to inspire Thai medical device companies to develop and expand into both domestic and international markets with the IP-IDE centre. The market for medical device outsourced manufacturing is anticipated to expand rapidly over the course of the forecast period due to the growing adoption of Industry 4.0 technologies in the production of sophisticated and crucial medical devices.

Medical Device Contract Manufacturing Market: Restraints and Challenges

To improve their internal capabilities, large medical device makers are currently actively investing in the acquisition of small and medium-sized specialist businesses. Given that acquirers will be able to conduct manufacturing in-house, this could restrict outsourcing to CMOs. One illustration of this is Linden’s December 2018 acquisition of Avalign Technologies Medical, which significantly increased Linden’s capabilities and opened up new growth prospects for the company. To lower their costs for contract manufacturing, other medical device businesses are also acquiring CMOs. A change in the manufacturing of medical devices is the result of this. The advanced technology business unit of Vention Medical (US) was bought by Nordson (US) in 2017. Catheters, sophisticated components, and minimally invasive interventional delivery devices are all areas in which this market excels. Due to this advancement, OEMs will now manufacture a small portion of medical devices instead of CMOs.

Medical Device Contract Manufacturing Market Report Findings

https://www.globalinsightservices.com/reports/medical-device-contract-manufacturing-market/

The IVD devices segment is anticipated to dominate the market during the forecast period

Based on the device, it is segmented into IVD devices, diagnostic imaging devices, cardiovascular devices, drug delivery devices, endoscopy devices, ophthalmology devices, orthopedic devices, dental devices, and other devices. The IVD devices segment is anticipated to dominate the market during the forecast period. The rising number of IVD tests conducted globally, the COVID-19 pandemic, the expanding availability of IVD kits and reagents, the rise in hospitals and clinical laboratories in developing nations, automation and technological advancements in instruments with high-throughput capabilities, and developments in life sciences research are all factors that contribute to the large share of this market.

The device deployment & manufacturing service segment is anticipated to dominate the market during the forecast period

Based on the service, it is segmented into device deployment & manufacturing service, quality management service, assembly service. The device deployment & manufacturing service segment is anticipated to dominate the market during the forecast period. The main causes of the large share of this market are the expanding use of contract manufacturing services in the medical device industry, expansion of the market for medical devices (particularly the market for single-use disposable medical devices), and improved device development and manufacturing capabilities.

The APAC region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The APAC region is anticipated to dominate the market during the forecast period. The majority of the APAC region’s market share can be attributed to several factors, including lower labour and raw material costs than in developed nations, rising demand for medical devices as a result of better healthcare infrastructure, adoption of technologically advanced products, and laxer regulations than in most developed nations.

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Competitive Landscape

The key players studied in the report are Jabil Inc., Synecco, Gerresheimer AG, Celestica Inc., Nordson Corporation, Teleflex Incorporated, Integer Holdings Corporation, Nipro Corporation, SteriPack Group Ltd., TE Connectivity Ltd., Nortech Systems Inc., Invetech and Biofortuna Limited among others.

Recent Developments

• June 2022, Belgian contract manufacturer Amnovis and medical device service provider BAAT Medical teamed up to offer an innovative and rapid turnaround process for 3D printed medical devices.
• May 2022, Biomerics, one of the leading vertically integrated medical device contract manufacturers serving the interventional device market, opened a 2,000 sp.ft. balloon and balloon catheter center of excellence in Galway. This is Biomerics first facility in Europe and the second facility outside the United States after Costa Rica.
• November 2020, Nipro Corporation acquired Venari Medical’s exclusive sales rights for a vascular treatment device developed by Venari Medical in Japan and overseas.
• October 2020, Nemera acquired Copernicus to become a leading patient-centric drug device combination solutions company. This acquisition will bolster the company’s production capabilities and expand its product portfolio.
• September 2020, Nipro Corporation established its sales offices in Xi’an, Wuhan, Hefei, and Xiamen. The new offices will further more community-based, meticulous service network in China to provide more community-based, meticulous services and responds to the needs of the medical scene, thereby enhancing the presence of the “Nipro Brand”.
• January 2020, Nipro Asia Pte Ltd. Acquired JMI Marketing to secure a large market share in Bangladesh’s rapidly growing economy for disposable medical devices, comprising infusion sets, syringes, and IV catheters.

Medical Device Contract Manufacturing Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Medical Device Contract Manufacturing market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Medical Device Contract Manufacturing market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Medical Device Contract Manufacturing market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Medical Device Contract Manufacturing industry.

Global Medical Device Contract Manufacturing Market Segmentation

By Device

• IVD Devices
• Diagnostic Imaging Devices
• Cardiovascular Devices
• Drug Delivery Devices
• Endoscopy Devices
• Ophthalmology Devices
• Orthopedic Devices
• Dental Devices
• Other Devices

By Service

• Device Development and Manufacturing Service
• Quality Management Service
• Assembly Service

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Jabil Inc.
• Synecco
• Gerresheimer AG
• Celestica Inc.
• Nordson Corporation
• Teleflex Incorporated
• Integer Holdings Corporation
• Nipro Corporation
• SteriPack Group Ltd.
• TE Connectivity Ltd.
• Nortech Systems Inc.
• Invetech
• Biofortuna Limited

Microplate Systems Market to Reach US$ 2.4 bn by 2031, driven by increase in popularity for automated cell based and biochemical assays in biotechnology industries has boosted demand and requirement for microplate systems: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global microplate systems market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 2.4 billion by 2031.

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Microplate Systems Market: Key Trends and Drivers

The rising geriatric population globally is the primary factor propelling the industry demand in the projected years. The geriatric population is more prone to various diseases and disorders, such as orthopedics disorders and neurological and cardiac diseases, which fosters the industry demand. For instance, as per the statistics published by the World Ageing, the world’s population aged above 60 years or more was 962 million in 2017, which was more than twice as large as the previous ten years when there were only 382 million older persons globally. The geriatric age population is anticipated to double, by 2050, to around 2.1 billion.

Additionally, the rising number of patients due to changing climatic conditions and lifestyles also stimulates industry growth. For example, according to Organization for Economic Co-operation and Development, in 2020, the number of patients is increasing rapidly globally. Accordingly, WHO is also estimated to invest nearly USD 370 billion per year in public healthcare thereby, these factors are witnessing the substantial demand for microplate systems, thus, in turn, augmenting the industry growth over the projected period.

Microplate Systems Market: Restraints & Challenges

Survival of small players and new entrants may hinders the market growth to some extent. The survival of small players and new entrants in the microplate systems market is a significant challenge. Huge investments are required for the R&D and launch of innovative products in the market. Thus, to remain competitive in the market, companies have to invest heavily. Moreover, market players have to reduce operational costs to successfully survive in the market, which is very difficult for small players and new entrants.

Microplate Systems Market Report Findings

https://www.globalinsightservices.com/reports/microplate-systems-market/

The single-mode microplate readers segment is likely to hold a dominant microplate systems market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into multi-mode microplate readers, and single-mode microplate readers. In 2021, single mode microplate reader segment dominated the market and accounted for the largest revenue share in 2021. The growth of this segment is anticipated to single-mode readers are preferred for basic applications, with the most commonly used read modes including fluorescence, absorbance, and luminescence. A single-mode microplate reader is a good starting point. absorbance spectrophotometers and plate readers provide the versatility and convenience for a wide range of assays such as ELISAs, nucleic acid and protein quantitation, and microbial growth. Hence, aforementioned factors fuel the segmental growth.

The drug discovery segment is anticipated to hold a majority of the microplate systems market size throughout the study period.

Based on technology, it is segmented into drug discovery, clinical diagnostics, and other. Among them, drug discovery segment accounted for significant share in 2021. drug discovery applications are fueled by the high throughput screening capabilities of the instrument, while clinical diagnostic use is gaining traction due to the increasing use of enzyme-linked immunosorbent assays. Other applications such as monitoring microbial growth and enzyme activities for bioprocess operations are anticipated to grow due to a rapid increase in bio-manufacturing processes in recent years. Moreover, in 2021, Japan-based Bushu Pharmaceuticals Ltd. signed a deal with Suzuken Co. with an aim to offer comprehensive support to specialty pharma manufacturers that are planning to enter the Japanese market. Situations such as these could positively impact the adoption of microplate systems for drug discovery and development activities in the regional pharma sector.

The pharmaceutical and biotechnology companies segment is anticipated to hold a majority of the microplate systems market size throughout the study period.

Based test type, it is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, research and academia and others. Biotechnology and pharmaceutical segment is expected to grow with the highest CAGR during the forecast period. Growing pharmaceutical and biotechnology industries along with increase in prevalence of chronic and infectious diseases. Pharmaceutical businesses have increased dramatically during the past ten years, particularly in emerging countries. There are around 1,131 publicly listed pharmaceutical and biotech businesses in the Asia Pacific as of 2019, indicating the region’s considerable presence of domestic and foreign competitors. Also, the increasing prevalence of diseases, the growing focus on drug discovery, and the rising Research and Development (R&D) expenditure by pharmaceutical companies are the significant factors driving the market growth.

The North America region is estimated to exhibit the highest growth rate during the microplate systems market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. The significant share of North America can be attributed to a number of things, including government initiatives for cell-based research, rising acceptance of personalized medicine, rising academic and governmental investments in diagnostic research, and rising emphasis on drug discovery and development. Also, the presence of major players in the region is one of the major factors driving the market growth in the region.

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Competitive Landscape

The global microplate systems market report includes players such as Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), and Lonza (Switzerland), among others.. In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in 2020, Agilent Technologies Inc. launched the Bench Cel Microplate Handler.

Recent Developments in the Microplate Systems Market:

• In April 2022, Molecular Devices launched new multi-mode microplate reader for academia and biotech laboratories.
• In May 2021, Beckman Coulter Life Sciences unveiled a new BioLector XT Microbioreactor, equipped with FlowerPlate microtiter plate technology, designed to enable high-throughput strain screenings, feeding strategy optimization, and cultivation parameter monitoring.
• In May 2021, Thermo Fisher Scientific launched a range of automated incubators and storage systems, Cytomat 24, for microplate incubation applications.
• In June 2020, Agilent Technologies Inc. launched the BenchCel Microplate Handler.
• In July 2019, Agilent Technologies Inc. acquired BioTek Instruments to strengthen its product portfolio.

Microplate Systems Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global microplate systems market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future microplate systems market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the microplate systems market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Microplate Systems Market Segments

By Product

• Multi-mode Microplate Readers
• Single-mode Microplate Readers

By Application

• Drug discovery
• Clinical diagnostics
• Others

By End-use

• Biotechnology and Pharmaceutical Companies
• Hospitals and Diagnostic Laboratories
• Research and Academia
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Bio-Rad Laboratories Inc. (US)
• PerkinElmer (US)
• Danaher Corporation (US)
• Thermo Fisher Scientific (US)
• Agilent Technologies Inc. (US)
• Tecan (Switzerland)
• BMG Labtech (Germany)
• Promega Corporation (US)
• Enzo Life Sciences Inc. (US)
• Berthold Technologies (Germany)
• Biochrom (UK)
• Corning (US)
• Lonza (Switzerland)

Medical Cameras Market to Reach USD 5.7 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global medical cameras market is expected to grow rapidly over the next 10 years to reach a value of more than USD 5.7 billion by 2031.

By delivering images during numerous medical procedures like endoscopy, spectroscopy, ophthalmology, arthroscopy, and robotic surgery, medical cameras help surgeons and clinical staff. By making a person’s internal organs visible during surgery, they aid in the diagnosis and treatment of disorders. Additionally, it creates a database of typical anatomy and physiology, making it easier to spot any irregularities in a person’s internal organs. With a regular camera, it is impossible to determine properties like water content, chemical composition, and temperature. Medical cameras using infrared technology produce different wavelengths, which are a series of events. Inflamed tissue or irregular blood flow can be found using cameras with thermal imaging capabilities.

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Medical Cameras Market: Key Trends and Drivers

Medical cameras are needed for a rising number of surgical procedures, which has significantly increased in recent years. The fast-increasing senior population globally and the rising frequency of chronic diseases, which is driving up demand for medical equipment, are both responsible for the rising number of surgeries. The challenge of growing elder populations is one that many nations around the world are currently facing. The UN estimates that there were 703 million people worldwide who were 65 or older in 2019. In 2050, the number of seniors is predicted to increase to 1.5 billion. Older patients prefer non-invasive procedures over traditional ones since they have fewer complications. These procedures typically use endoscopy and microscope surgical cameras.

Medical Cameras Market: Restraints and Challenges

Low-megapixel camera images have a number of shortcomings. When such photos are cropped, zoomed in, or printed, the image quality suffers. Due to the numerous benefits linked to high-megapixel cameras, there is a rising demand for them. In India, endoscopic cameras used in clinics cost around US$1300, whereas prices for endoscopic cameras in hospitals range from US$500 to US$9,000. Prices for intraoral cameras range from $50 to $5,000. The number of megapixels, the type of sensor, and other factors affects camera prices.

Medical Cameras Market Report Findings

https://www.globalinsightservices.com/reports/medical-cameras-market/

The endoscopy cameras segment is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into dental cameras, dermatology cameras, endoscopy cameras, ophthalmology cameras, surgical microscopy cameras, and other cameras. The endoscopy cameras segment is anticipated to dominate the market during the forecast period. One of the key factors propelling the market’s expansion is the increase in endoscopic treatments. Additionally, because to the advantages associated with minimally invasive surgical techniques, such as enhanced safety, fewer scarring, quicker recovery, and shorter hospital stays, there is an increase in their use. Additionally, there is a growing trend toward high-end image cameras. Moreover, a rising use of endoscopic devices in illness diagnostics has been noted, and this is another significant driver propelling the growth of the medical camera market. The demand for these tools has grown since disorders that can be identified by endoscopy are becoming more common. Endoscopic cameras of the present generation either have CCD (Charge-Coupled Device) sensors or CMOS (Complementary Metal Oxide Semiconductor) sensors.

High-definition cameras segment is anticipated to dominate the market during the forecast period

Based on the resolution, it is segmented into standard definition cameras, and high-definition cameras. High-definition cameras segment is anticipated to dominate the market during the forecast period. Due to the enormous demand for high-quality photos in the medical specialties, HD cameras are in higher demand among end users, which is principally responsible for this segment’s significant market share.

The hospital end user segment is anticipated to dominate the market during the forecast period

Based on the end user, it is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. The hospital end user segment is anticipated to dominate the market during the forecast period. This is characterized by an increase in the number of hospitals, a big patient base for the target diseases, and rising healthcare costs.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The significant market share of the North American region is mostly due to improvements in medical camera technology, the deployment of pro-health government programs, and an increase in surgical procedures.

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Competitive Landscape

The key players studied in the report are Olympus Corporation (Japan), Richard Wolf GmbH (Germany), TOPCON CORPORATION (Japan), Sony Corporation (Japan), Stryker (US), Danaher (US), Canon Inc. (Japan), Carl Zeiss AG (Germany), Smith & Nephew (UK), Carestream Dental LLC. (US), Basler AG (Germany), ATMOS MedizinTechnik GmbH & Co. KG. (Germany), IMPERX, Inc (US), IDS Imaging Development Systems GmbH (Germany), and Optomed Plc (Finland) among others.

Recent Developments

• November 2020, Optomed Plc announced Aurora IQ camera with integrated AI for faster eye screening.
• May 2019, Olympus launched a small intestine endoscopy system, “power spiral” in Asia, including Hong Kong, India, Europe.
• February 2019, Carl Zeiss AG and Chrisoffel Mission for the Blind came together with a local partner, the Poona Blind Men Association, to open a new training center for the treatment of cataracts in Pune. The aim of this new center is to train ophthalmologists and medical personnel throughout the country in phacoemulsification, a modern surgical technique.

Medical Cameras Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Medical Cameras market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Medical Cameras market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Medical Cameras market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Medical Cameras industry.

Global Medical Cameras Market Segmentation

By Type

• Dental Cameras
• Dermatology Cameras
• Endoscopy Cameras
• Ophthalmology Cameras
• Surgical Microscopy Cameras
• Others

By Resolution

• Standard-Definition Cameras
• High-Definition Cameras

By End User

• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Olympus Corporation (Japan)
• Richard Wolf GmbH (Germany)
• TOPCON CORPORATION (Japan)
• Sony Corporation (Japan)
• Stryker (US)
• Danaher (US)
• Canon Inc. (Japan)
• Carl Zeiss AG (Germany)
• Smith & Nephew (UK)
• Carestream Dental LLC. (US)
• Basler AG (Germany)
• ATMOS MedizinTechnik GmbH & Co. KG. (Germany)
• IMPERX, Inc (US)
• IDS Imaging Development Systems GmbH (Germany)
• Optomed Plc (Finland)

Minimally Invasive Surgical Instruments Market to Reach US$ 63.0 bn by 2031, driven by the rising number of minimally invasive surgeries: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global minimally invasive surgical instruments market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 65.3 billion by 2031.

Minimally invasive surgery is associated with less pain, fewer complications and shorter hospital stay. Surgeries such as cardiothoracic surgery, gastroesophageal reflux disease, gastroenterology, gynecological surgery, heart surgery, pediatric surgery, urogynecology and pelvic reconstructive surgery, and urological surgery are conducted through minimally invasive surgical procedures. Both diagnostic and treatment surgeries can be performed with minimally invasive surgery.

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Minimally Invasive Surgical Instruments Market: Key Trends and Drivers

Rise in geriatric population fuels the minimally invasive surgery market growth, owing to the fact that aged individuals are more susceptible to chronic diseases. Moreover, rise in number of surgeries boost growth of the market. According to the World Health Organization (WHO), in 2019, it was reported that around 235 million major surgeries are conducted every year across the globe. Further, in March 2021, the U.S. Food and Drug Administration (USFDA) announced that they have given authorized marketing approval to the Hominis Surgical System, a new robotically-assisted surgical device (RASD), which can help facilitate transvaginal hysterectomy in certain patients.

Minimally Invasive Surgical Instruments Market: Restraints & Challenges

Changing regulatory landscape in the medical device industry may hinder the market growth. The regulatory environment is extremely uncertain for medical device manufacturers. From 2005 to 2010, the average time taken to approve a 510 (k) application increased by 43%, while the time required to obtain a premarket approval increased by 75%. The US FDA demands more clinical data with respect to the clinical safety and efficacy of a product. This leads to increased investments by companies in clinical trials, delays in the approval process, and additional capital requirements for in-depth post-marketing surveillance studies. It also increases the risk of product recalls, especially when companies lack the funds to conduct additional studies to support additional data requirements from the FDA. These delays in approvals also restrain the growth of the minimally invasive surgical instruments market. Such regulatory reforms also restrict small manufacturers from entering the market.

Minimally Invasive Surgical Instruments Market Report Findings

https://www.globalinsightservices.com/reports/minimally-invasive-surgical-instruments-market/

The handheld instruments segment is likely to hold a dominant minimally invasive surgical instruments market share and grow at a substantial CAGR during the forecast period.

Based on device, it is segmented into, Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, and Monitoring & Visualization Devices. Among these, in 2021, the handheld instruments segment dominated the minimally invasive surgical instruments market with more than 22% share. Handheld instruments used in MIS techniques target reducing the amount of damage to extraneous tissues during surgical procedures, thereby speeding patient recovery time and reducing discomfort & side effects. Most of the instruments in the MIS market are single-use products. The handheld instruments market is driven by technological innovations and their growing adoption in minimally invasive surgeries. For instance, a low-cost mechanical instrument has been developed recently to perform minimally invasive laparoscopic surgeries. These handheld devices can be either mechanical, robotic, or semi-automated. Handheld devices ensure easier access during surgery with instrument triangulation, thereby reducing the risk of potential mistakes.

The orthopedic segment is anticipated to hold a majority of the minimally invasive surgical instruments market size throughout the study period.

Based on application, it is segmented into cardiac, gastrointestinal, orthopedic, vascular, gynecological, urological, thoracic, cosmetic, dental and others. Among them, in 2021, orthopedic segment is expected to command the largest share. The orthopedic application segment dominated the market with a revenue share of over 23.6% in 2021. In orthopedic MIS procedures, no muscles need to be cut or separated from the bone. Therefore, this approach has led to improved patient satisfaction and a faster healing process. Most often MIS is utilized in the hip as well as knee replacement surgery. Hospitals and surgeons seek surgical procedures that result in fewer operative as well as postoperative complications and reduced hospitalization period. On the other hand, pats seek surgical treatments that reduce trauma and allow speedy recovery.

The hospitals segment is anticipated to hold a majority of the minimally invasive surgical instruments market size throughout the study period.

Based on authentication mode, it is segmented into hospital, and ambulatory surgical center. Among them, in 2021, hospital is estimated to account for the largest share. Rising number of hospitals in developing countries along with presence of skilled professionals and availability of advanced instrument. Also, increasing number surgeries due to road accident will boost the segmental demand.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the minimally invasive surgical instruments market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is anticipated to witness lucrative growth over the forecast year. Asia Pacific is expected to be fastest-growing regional market from 2022 to 2030. The rising geriatric population in Japan and China, road crashes, and developing economy are expected to promote the emergence of MIS procedures in Asia Pacific. The demand for minimally invasive procedures in this region is mainly driven by rising medical tourism mainly for cosmetic surgeries.

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Competitive Landscape

The global Minimally Invasive Surgical Instruments Market report includes players such as Medtronic plc (Ireland), Johnson & Johnson (US), Stryker Corporation (US), Abbott Laboratories, Inc. (US), Boston Scientific Corporation (US), B. Braun Melsungen AG (Germany), CONMED Corporation (US), Smith & Nephew plc (UK), Zimmer Biomet Holdings, Inc. (US), Becton, Dickinson and Company (US), among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in March 2021, Johnson & Johnson (US) launched its ECHELON+ Stapler.

Recent Developments in the Minimally Invasive Surgical Instruments Market:

• In May 2022, Surgical instruments manufacturer launches new green initiative. This initiative includes launching a new Ethical Duty Smart Repair service, which actively promotes the repair and refurbishment of surgical instruments and other medical devices to tackle global steel wastage.
• In October 2020, MMI SpA, an Italian company dedicated to improving clinical outcomes for patients undergoing microsurgery, announced today the CE Mark, launch and first human use of its Symani® Surgical System in Europe for open microsurgical procedures.
• In June 2019, Medtronic plc (Ireland) acquired Titan Spine (Germany). This acquisition strengthened Medtronic’s position as a leading innovator in procedural solutions for spine surgery.
• In November 2018, Stryker Corporation (US) acquired K2M Group to strengthen and expand its product offerings in the arthroscopy and minimally invasive spine portfolio and expand its manufacturing capabilities.

Minimally Invasive Surgical Instruments Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Minimally Invasive Surgical Instruments Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Minimally Invasive Surgical Instruments Market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Minimally Invasive Surgical Instruments Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Minimally Invasive Surgical Instruments Market Segments

By Product Type

• Handheld Instruments
• Inflation Devices
• Cutter Instruments
• Guiding Devices
• Electrosurgical Devices
• Auxiliary Devices
• Monitoring & Visualization Devices

By Application

• Cardiac
• Gastrointestinal
• Orthopedic
• Vascular
• Gynecological
• Urological
• Thoracic
• Cosmetic
• Dental
• Others

By End-Use

• Hospitals
• Ambulatory Surgical Centers

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Medtronic plc (Ireland)
• Johnson & Johnson (US)
• Stryker Corporation (US)
• Abbott Laboratories, Inc. (US)
• Boston Scientific Corporation (US)
• B. Braun Melsungen AG (Germany)
• CONMED Corporation (US)
• Smith & Nephew plc (UK)
• Zimmer Biomet Holdings, Inc. (US)
• Becton, Dickinson and Company (US)

Mobile Biometrics Market to Reach US$ 63.0 bn by 2031, driven by the rising demand of intelligence security systems in mobile devices: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global mobile biometrics market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 63.0 billion by 2031.

Mobile biometric authentication is a type of authentication that use biometrics to identify and validate the identity of a person attempting to access a mobile application. With these mobile biometric devices, authentication can be done in a variety of ways, including fingerprint readers, face recognition, voice recognition, and others. Such factors are aiding in the adoption of mobile biometric devices.

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Mobile Biometrics Market: Key Trends and Drivers

Rising demand of intelligence security systems in mobile devices is propelling the mobile biometrics market growth. The rising demand of intelligence security systems in mobile devices to provide security to the data stored in the mobile devices such as bank account details, images, recordings, contacts and other personalized data is a major driving factor for the growth of Mobile Biometrics Market. Mobile biometric authentication is primarily used for mobile banking and e-commerce. For instance, customers can authenticate transactions that originate from their mobile banking or retail applications using facial recognition or voice biometrics.

Fintech companies that integrate with customer bank accounts also leverage mobile biometrics to authenticate transactions. These can be at a physical point of sale such as performing facial recognition when using Apple Pay or Samsung Pay in a brick-and-mortar location or to authenticate electronic transfer of funds through a mobile fintech app such as Venmo or PayPal. For instance, Aware, Inc., a leading global provider of biometrics software products, solutions and services launched their new mobile biometric software named Knomi in the authentication of offenders in Arkansas. It offers mobile biometric authentication solution featuring face and voice liveness detection. These intelligence security systems due to increasing security concerns tend to drive the Mobile Biometrics market growth during the forecast period.

Mobile Biometrics Market: Restraints & Challenges

The protection of the biometric data and the expenses involved in the placement of mobile biometrics systems might further challenge the growth of the mobile biometrics market in the near future. One of the most important factors restraining the market growth of Mobile Biometrics is the false positives and inaccuracy. Biometric authentication methods rely on partial information to authenticate a user’s identity. For instance, a mobile biometric device will scan an entire fingerprint during the enrolment phase and convert it into data.

However, future biometric authentication of the fingerprint will only use parts of the prints to verify identity so it’s faster and quicker. For instance, in 2019, a group of hackers who worked as part of the X-Lab security research team at a Chinese company called Tencent, demonstrated their fingerprint hacking methodology at the GeekPwn 2019 conference in Shanghai. They stated, any fingerprint scanner can be beaten using equipment costing $140 and an app that analyses a photograph of your print. This hacking capabilities tend to bring major challenges in the market growth of Mobile Biometrics during the forecast period.

Mobile Biometrics Market Report Findings

https://www.globalinsightservices.com/reports/mobile-biometrics-market/

The software segment is likely to hold a dominant mobile biometrics market share and grow at a substantial CAGR during the forecast period.

Based on component, it is segmented into hardware, software, and service. In 2021, the software segment dominated the market and accounted for the largest revenue share in 2021. Growing adoption of cloud-based services, Artificial Intelligence (AI), and Machine Learning (ML) for contactless biometrics solutions are expected to drive the demand for software to strengthen the compatibility of devices for different applications. On the basis of components, the market is segmented into hardware, software, and service. The service segment is further segmented into professional services and managed services. The software also allows users to integrate the latest add-on features by just updating the software/application. Furthermore, various e-commerce companies such as Amazon.com, Inc. are also developing and marketing image recognition software, Amazon Rekognition, for users of the Prime Photos service. The software allows users to detect faces, objects, and scenes to organize and filter their photos.

The iris segment is anticipated to hold a majority of the mobile biometrics market size throughout the study period.

Based on technology, it is segmented into face, fingerprint, hand geometry, iris, voice and others. Among them, in 2021, iris segment is expected to command the largest share. The iris segment is expected to register significant growth over the forecast period. An iris-based system is accurate, fast, and convenient while eliminating payroll frauds such as buddy punching. The growing demand for iris biometrics technology within an organization to process payroll and calculate other benefits such as disability, health, and vacation is expected to drive the demand for the iris segment. The growing COVID-19 pandemic across the globe is pushing everyone to minimize physical contact with a common surface. Iris identification provides authentication solutions in national and civil ID programs, access control, and time attendance, among others.

The multi factor authentication segment is anticipated to hold a majority of the mobile biometrics market size throughout the study period.

Based on authentication mode, it is segmented into single factor authentication and multi factor authentication. Among them, in 2021, multi factor authentication is estimated to account for the largest share. Multi-factor authentication (or MFA) is a multi-layered protection framework that verifies the login or other transaction identities of users. A few examples of multi-factor authentication are codes created by mobile apps, answers to personal security questions, codes sent to an email address, fingerprints, etc.

The government segment is anticipated to hold a majority of the mobile biometrics market size throughout the study period.

Based on end-use, it is segmented into BFSI, government & defense, aerospace, automotive, consumer electronics, healthcare, retail & e-commerce and others. Government segment is expected to grow with the highest CAGR during the forecast period. Governments across the globe started adopting contactless biometrics technology to minimize and control criminal activities. For instance, in November 2019, National Crime Records Bureau (NCRB), India, gathered bids from private companies to develop a centralized facial recognition surveillance system. The new system allowed the police force for criminal identification and verifications process across the country.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the mobile biometrics market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is anticipated to witness lucrative growth over the forecast year. This is owing to the government organizations in countries including India, South Korea, China, and Japan supporting the acceptance of biometrics to ensure national security through accurate citizen identification. Government organizations are supporting the development and implementation of biometrics to improve public safety, which will drive the industry expansion.

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Competitive Landscape

The global needle-free injection system market report includes players such as Apple Inc. (U.S.), Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), Thals Group (U.S.), Precise Biometrics (Sweden), M2SYS Technology (U.S.), HID Global Corporation (U.S.), BIO-key (U.S.), Aware Inc. (U.S.) and Applied Recognition, Inc. (Canada), among others.. In addition, major vendors are focused on developing smarter technologies for surface disinfections.

For instance in December 2021, Digital health pass biometrics deployed by NEC in Japan, Clear in U.S.

.Recent Developments in the Mobile Biometrics Market:

• In May 2022, Apple has reportedly won a patent for new under display technology that can capture biometric data with higher speed and accuracy by using optical fibres.
• In March 2022, Precise Biometrics has entered a new partnership with Compare-IT, which focuses on the combination of biometric access technologies and smart energy solutions.
• In January 2021, Fabrick launched mobile biometric open finance solution with Mastercard APIs.
• In October 2020, Aware, Inc., a leading global provider of biometrics software products, solutions and services launched their new mobile biometric software named Knomi in the authentication of offenders in Arkansas. It offers mobile biometric authentication solution featuring face and voice liveness detection.
• In March 2019, AppGuard launched TRUSTICA Mobile, which is a consumer mobile device communication app with military-grade security. This device includes iris, facial, and fingerprint biometrics for user authentication and encryption keys that change for each interaction. This tend to uplift the market growth of Mobile Biometric systems in Military & Defence applications.

Mobile Biometrics Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global needle-free injection system market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future needle-free injection system market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the needle-free injection system market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Mobile Biometrics Market Segments

By Component

• Hardware
• Software
• Service

By Technology

• Face
• Fingerprint
• Hand Geometry
• Iris
• Voice
• Others

By Authentication Mode

• Single Factor Authentication
• Multi Factor Authentication

By End-User

• BFSI
• Government & Defense
• Aerospace
• Automotive
• Consumer Electronics
• Healthcare
• Retail & e-commerce
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Apple Inc. (U.S.)
• Nuance Communications, Inc. (U.S.)
• Safran SA (France)
• NEC Corporation (Japan)
• Thals Group (U.S.)
• Precise Biometrics (Sweden)
• M2SYS Technology (U.S.)
• HID Global Corporation (U.S.)
• BIO-key (U.S.)
• Aware Inc. (U.S.)
• Applied Recognition, Inc. (Canada)

Global Indoor Flooring Market to Reach US$ 226.3 BN by 2031, driven by the Rise in Global Residential and Non-Residential Construction Projects: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the indoor flooring market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 226.3 billion by 2031.

Flooring is the lower enclosing surface of spaces within buildings. This might be part of the floor structure, such as the upper surface of a concrete slab or floor boards, but typically it is a permanent covering laid over the floor. Further, indoor flooring is used when renovating a new building or an old structure. Indoor flooring is available in various materials, designs, and colors. Secondly, materials required to construct floors in residential and non-residential buildings are known as indoor flooring items.

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Global Indoor Flooring Market: Market Drivers and Trends

The increase in urban population increases the residential and non-residential construction activities. The global urban population is rapidly increasing. For instance, according to World Bank statistics, in April 2020, about 56% of the global population (~4.4 billion inhabitants) lived in cities. This trend is expected to increase continuously. Also, by 2045, the world’s urban population will increase by 1.5 times to 6 billion. Thus, new construction projects, such as business complexes, hospitals, housing facilities, and shopping malls, are being prompted by the rise in urban population. For instance, in August 2022, Casagrand unveiled an independent residential construction venture, CASAGRAND PERCH, and announced plans to construct 500 homes over the next 3 years under the new initiative. Therefore, with the rising residential and non-residential construction projects, the demand for indoor flooring is also increasing for a better interior appearance.

Global Indoor Flooring Market: Market Restraints and Challenges

As materials, transportation, and labor costs continue to increase, multiple manufacturers in the flooring sector have recently announced price increases, particularly on vinyl and hardwood products. For instance, according to the article published by the Floor Covering Weekly, in March 2021, raw material cost increases have occurred, predominantly increased polyvinyl chloride (PVC) prices fueled by high demand for vinyl-based construction materials. Labor rates in some cases have increased. Also, freight costs have skyrocketed to approximately double levels. This affects the cost of transporting finished goods and raw material shipments. Additionally, in March 2020, Armstrong Flooring, Inc. announced an increase in select commercial and residential products of 3% to 8%. Despite their continued efforts, they continue to experience significant cost increases in transportation and raw materials. Further, hardwood flooring materials face upward pressure from species scarcity (hickory, maple, and European oak), fuel inflation, and lack of truck delivery capacity. The rise in raw material prices will affect indoor flooring prices also. Hence, volatile raw material prices create continuous challenges for the global indoor flooring market.

Global Indoor Flooring Market Report Findings

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The ceramic tiles segment is likely to hold the major share of the market in 2021

Based on type, it is segmented into ceramic tiles, carpet, vinyl, linoleum, & rubber, wood & laminate, and others. The ceramic tiles segment is expected to be the largest segment in the indoor flooring market in 2021. Ceramic tiles are widely used to enhance the floors of houses, hospital rooms, and toilets. They are extensively available in the market. Ceramic tiles are also used for flooring and walls. They are available in various varieties based on textures, patterns, and sizes. Many market players offer different types of related products in the global and local markets. Due to these factors mentioned above, the ceramic tiles segment is expected to hold a major market share in 2021.

The residential segment is likely to hold the major share of the market in 2021

Based on end user, it is bifurcated into residential and non-residential. The residential segment is expected to be the largest segment in the indoor flooring market in 2021. A surge in global residential construction is acting as a key driver for the global indoor flooring market. For instance, according to the Russian news agency, in July 2021, the commissioning of residential housing in Russia in the initial five months of 2021 increased by over 28% compared to 2020. This growth is attributed to increasing demand for houses because of an improving outlook for growth in sustained employment, record-low interest rates, and programs provided by the government. Moreover, various government initiatives have also been observed to help the residential housing industry. Thus, the residential segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021, owing to a rise in investment in commercial and residential constructions. Furthermore, the region’s market expansion is predicted to be fueled by a large increase in home improvement and repair trends. As a result, the increase in the number of new building and infrastructure projects will likely provide profitable prospects for industry participants. This, in turn, boosts the demand for indoor flooring in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global indoor flooring market are Armstrong Flooring, Inc. (US), Beaulieu International Group (Belgium), ECORE International (US), Forbo Flooring (The Netherlands), Interface, Inc. (US), Matter Surfaces, Inc. (US), Mohawk Industries, Inc. (US), Tarkett (France), TOLI Corporation (Japan), and Welspun Flooring (India).

Global Indoor Flooring Market: Recent Developments

• July 2022, ECORE International had launched Heritage Motivate, a new high-performance, and visually stunning flooring surface. With this introduction, Ecore revolutionizes realistic wood offerings with first-performance vinyl tile (PVT) was designed to be safer, quieter, and more ergonomic than traditional luxury vinyl tile (LVT) products.
• October 2021, Armstrong Flooring had launched a new rigid core product, Essentials Plus rigid core flooring. Essentials Plus is designed for residential spaces and features the newest, on-trend designs while offering the same excellent performance standards.
• May 2021, Armstrong Flooring had launched three new luxury flooring collections, including Biome, Terra, and Coalesce. Each collection features a 2.5 mm structure with a 20 mil wear layer and patented diamond 10 technology for category-leading scratch, stain, and scuff performance.

Global Indoor Flooring Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global indoor flooring market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global indoor flooring market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global indoor flooring market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global indoor flooring industry.

Global Indoor Flooring Market Segmentation

By Type

• Ceramic Tiles
• Carpet
• Vinyl, Linoleum, & Rubber
• Wood & Laminate
• Others

By End User

• Residential
• Non-Residential

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Armstrong Flooring, Inc. (US)
• Beaulieu International Group (Belgium)
• ECORE International (US)
• Forbo Flooring (The Netherlands)
• Interface, Inc. (US)
• Matter Surfaces, Inc. (US)
• Mohawk Industries, Inc. (US)
• Tarkett (France)
• TOLI Corporation (Japan)
• Welspun Flooring (India)

Global Stick and Sachet Packing Machine Market to Reach US$ 12.4 BN by 2031, driven by Increasing Demand in Food and Pharmaceutical Sectors: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the stick and sachet packing machine market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 12.4 billion by 2031.

Packaging machines are used for packaging products or components. The need for packaging machines to integrate with upstream manufacturing processes has resulted in the development of automation techniques for several sectors. This product area includes equipment that forms, fills, seals, wraps, cleans, and packages at different levels of automation. Packaging machines also include related machinery for sorting, counting, and accumulating.

A stick pack machine is a single lane vertical form fill seal packaging machine where a roll of film is cut, multiple small stick pack bags are formed, and products are filled and sealed inside it. The main applications include small packagings such as sugar sachet, small ketchup sachet, and coffee stick packing machine.

Sachet packaging is extensively used in the cosmetics & personal care, food & beverages, and pharmaceutical industries. Sachets are small, sealed, flexible pouches manufactured from paper, plastic, aluminum foil, and cellulosic and contain liquid, powder, or capsule products. As they are cheaper than large-size packets, sachets are generally used either for promotional trial packs or to cater to low-income or price-sensitive customers who prefer economical packs.

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Global Stick and Sachet Packing Machine Market: Key Drivers

Sugar sachet packing machines, milk sachet filling machines, sachet stick packs, and tea sachet packing machines are some examples of sachet packaging machines that are increasing in demand, and the demand for small sachet packing machines is expected to drive the market’s revenue growth due to the presence of many food and beverage manufacturers.

Sachet packing machine is most extensively used in medicine packaging. Sachet packing machines can easily produce blister foils, slip packs, and easy-open pouches at high speed which has increased manifold due to the growing demand for pharmaceutical products are expected to drive the growth of the sachet packaging machine market.

Therefore, increasing demand in food and pharmaceutical sectors are boosting the global stick and sachet packing machine market growth.

Global Stick and Sachet Packing Machine Market: Market Restraints and Challenges

The higher costs for the production and import activities for the integrated packaging machinery, such as wrapping, automated labeling, palletizing machines, and significant others, require higher capital costs. Such factors are hindering the overall growth of the packaging machinery industry. Further, the taxes imposed on the customs duty in developing regions such as India, Argentina, and other countries were also negatively influencing the overall growth of the packaging machinery industry. Thus, the higher costs for the production and import activities and taxes imposed on the customs duty in developing regions are anticipated to hinder the growth of the global stick and sachet packing machine market.

Global Stick and Sachet Packing Machine Market Report Findings

https://www.globalinsightservices.com/reports/stick-and-sachet-packing-machine-market/

The stick pack packing machine segment is likely to hold the major share of the market in 2021

Based on type, it is bifurcated into stick pack packing machine and sachet packing machine. The stick pack packing machine segment is expected to have the largest stick and sachet packing machine market share in 2021. Production of stick pack packing machines has many advantages when produced. It offers a price advantage primarily to customers. It is easy to manufacture. Compared with other packaging styles, stick packs have a much less cost in purchasing the film. This will reduce manufacturing and packaging costs. Further, customers a much attracted to small and cute stick packs. Also, the amount inside can be used in one portion, and the product inside will not go bad before it is intact with the food. Due to multiple benefits, the stick pack packing machine segment is expected to receive the main market attraction resulting in market growth.

The powder and granule segment is likely to dominate the market during the forecast period

Based on product type, it is segmented into powder and granule, liquid products, and others. The powder and granule segment is expected to dominate the market during the forecast period. The powders and granules packaging world is dynamic. As shifting consumer trends, regulations, and retailing demands are urging manufacturers to adapt and stay on top of current developments. Due to the abovementioned factors, the powder and granule segment are expected to dominate the market during the forecast period.

The food and beverages segment is likely to hold the major share of the market in 2021

Based on end user, it is segmented into food and beverages, pharmaceuticals, chemicals, cosmetics, and others. The food and beverages segment is expected to be the largest segment in the stick and sachet packing machine market in 2021. The demand for stick and sachet packaging machines in the food and beverage industry is likely to be driven by factors such as the growing consumption of beverages, changing preference towards organic and functional beverage consumption, and an increase in the variety of beverage products. Many beverage product manufacturers have diversified their product offerings, thus increasing the demand for highly sophisticated and flexible packaging machines to accommodate these product offerings. Thus, the food and beverages segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. Rapid population growth and rising household purchasing capacity are likely to fuel the demand for packaged consumer goods, which is anticipated to stimulate regional market expansion. In addition, prominent market players are establishing production facilities in the region, total industrial output is rising, and the e-commerce industry is flourishing. This, in turn, boosts the demand for stick and sachet packing machine in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global stick and sachet packing machine market are ARANOW Packaging Machinery, S.L. (Spain), Duravant LLC (Spain), Ilapak International SA (Switzerland), Körber AG (Germany), Matrix Packaging Machinery, LLC (US), Nichrome Packaging Solutions (India), OMAG Srl (Italy), SmartPac Verpackungsmaschinen GmbH (Germany), Syntegon Technology GmbH (Germany), and Universal Pack S.r.l. (Italy).

Global Stick and Sachet Packing Machine Market: Recent Developments

• July 2022, Bayer will roll out Körber’s Werum PAS-X MES to its supply center Beijing. As part of the first phase of the project, the MES has now gone live in the packaging area.
• July 2022, Syntegon will present process and packaging solutions centered around the future topics of sustainability and automation at Fachpack from September 27 to 29. An integrated system solution for packaging pistachios will be the highlight at booth 1-204. An Elematic 2001 wraparound case packer will be also on display, which complements Syntegon’s versatile system competence.
• October 2020, Pharmaceutical Sundyota Numandis chooses Aranow machinery as an ideal solution for packaging its probiotic.

Global Stick and Sachet Packing Machine Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global stick and sachet packing machine market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global stick and sachet packing machine market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global stick and sachet packing machine market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global stick and sachet packing machine industry.

Global Stick and Sachet Packing Machine Market Segmentation

By Type

• Stick Pack Packing Machine
• Sachet Packing Machine

By Product Type

• Powder and Granule
• Liquid Products
• Others

By End User

• Food and Beverages
• Pharmaceuticals
• Chemicals
• Cosmetics
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• ARANOW Packaging Machinery, S.L. (Spain)
• Duravant LLC (Spain)
• Ilapak International SA (Switzerland)
• Körber AG (Germany)
• Matrix Packaging Machinery, LLC (US)
• Nichrome Packaging Solutions (India)
• OMAG Srl (Italy)
• SmartPac Verpackungsmaschinen GmbH (Germany)
• Syntegon Technology GmbH (Germany)
• Universal Pack S.r.l. (Italy)

Lung Cancer Therapeutics Market to Reach USD 74.1 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global lung cancer therapeutics market is expected to grow rapidly over the next 10 years to reach a value of more than USD 74.1 billion by 2031.

The uncontrolled proliferation of cells in the lung tissues causes lung cancer, a deadly lung tumor. The main risk factor for lung cancer development is cigarette smoking. Lung cancer can also be brought on by smoking tobacco for a long time. Using bronchoscopy or CT guidance, a biopsy is performed to confirm the diagnosis of lung cancer. Therefore, chemotherapy, radiation, immunotherapy, surgery, etc. can all be used to treat lung cancer.

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Lung Cancer Therapeutics Market: Key Trends and Drivers

Rising cancer awareness in both developed and developing countries, the introduction of new medical diagnostic tools and cutting-edge treatments, and an increase in lung cancer diagnoses have all contributed to the market expansion for lung cancer medicines. The expansion of the global market is also being boosted by this, along with rising investments made by leading players in research and development activities. Due to an increase in lung cancer cases, more attention is being paid to R&D projects, which is what is causing the market to alter.

Lung Cancer Therapeutics Market: Restraints and Challenges

The side effects of drug therapies and the high cost of the therapies have been hindering the growth of the market.

Lung Cancer Therapeutics Market Report Findings

https://www.globalinsightservices.com/reports/lung-cancer-therapeutics-market/

The targeted therapy segment is anticipated to dominate the market during the forecast period

Based on therapy, it is segmented into targeted therapy, immunotherapy, chemotherapy. The targeted therapy segment is anticipated to dominate the market during the forecast period. The key factors such as increasing R&D advances leading to greater adoption of sophisticated and advanced therapies such as immunotherapy coupled with the increasing prevalence of lung cancer is boosting the growth of the market.

The non-small cell lung cancer segment is anticipated to dominate the market during the forecast period

Based on the cancer type, it is segmented into non-small cell lung cancer and small cell lung cancer. The non-small cell lung cancer segment is anticipated to dominate the market during the forecast period. The increasing prevalence of all types of cancers are prevalent in the general population and lung cancer is one of the most common forms of cancer. The rising prevalence and rising incidence of lung cancer across all demographics and across all age groups have led to increasing demand for lung cancer therapeutics during the forecast period.

The hospital pharmacies segment is anticipated to dominate the market during the forecast period

Based on the distribution channel, it is segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others. The hospital pharmacies segment is anticipated to dominate the market during the forecast period. The key factors such as the increasing regulatory approvals and the adoption of advanced therapeutics are boosting the growth of the market.

North America and Europe dominated the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America and Europe dominated the market during the forecast period. According to lung disease research funding coupled with high incidence rate rise in the aging population coupled with the advent of new treatment therapies such as targeted drug therapy, and stereotactic are boosting the growth of the market.

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Competitive Landscape

The key players studied in the report are Genentech (F. Hoffmann-La Roche Ltd), Eli Lilly and Company, Celgene Corporation, AstraZeneca, Pfizer Inc., Sanofi, Novartis AG, Astellas, Bristol Myers Squibb, Boehringer Ingelheim Pharmaceuticals, Inc., Millennium Pharmaceuticals, Inc. (Takeda), and Merck Sharp & Dohme Corp. among others.

Recent Development

• June 2022, Novartis received approval from European Commission for Tabrecta for the treatment of METex 14 skipping advanced non-small cell lung cancer.
• April 2022, Astra Zeneca and Daiichi Sankyo received the acceptance of the supplemental Biologics License Application for Enhertu for the treatment of adult patients in the United States with unresectable or metastatic non-small cell lung cancer, by the United States Food and Drug Administration.
• March 2022, Astra Zeneca, PATH and Qure.ai have formed a new partnership to enhance lung health across low to middle income nations. These three firms will form alliances to develop a framework for early detection of lung cancer in patients that are undergoing chest screening to detect tuberculosis, with the use of advanced artificial intelligence technology.
• March 2022, Known Medicine, a fast-growing biotechnology vendor focused on discovering effective cancer drugs, has partnered with Duke University to estimate the drug efficacy for patients suffering from lung cancer.

Lung Cancer Therapeutics Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Lung Cancer Therapeutics market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Lung Cancer Therapeutics market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Lung Cancer Therapeutics market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Lung Cancer Therapeutics industry.

Global Lung Cancer Therapeutics Market Segmentation

By Therapy

• Targeted Therapy
• Immunotherapy
• Chemotherapy

By Cancer Type

• Non-small Cell Lung Cancer
• Small Cell Lung Cancer

By Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Genentech (F. Hoffmann-La Roche Ltd)
• Eli Lilly and Company
• Celgene Corporation
• AstraZeneca
• Pfizer Inc.
• Sanofi
• Novartis AG
• Astellas
• Bristol Myers Squibb
• Boehringer Ingelheim Pharmaceuticals, Inc.
• Millennium Pharmaceuticals, Inc. (Takeda)
• Merck Sharp & Dohme Corp.

Molecular Quality Controls Market to Reach US$ 311.4 mn by 2031, driven by the increasing demand for needle free injection system: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global molecular quality controls market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 311.4 million by 2031.

Molecular quality controls help to monitor the performance of testing procedures. These tests are helpful to achieve critical and accurate diagnostic information. These controls are used to determine transmissible and genetic diseases too. Moreover, the molecular quality controls also help to monitor the performance of nucleic acid testing protocols for healthcare associated infections, viral load assays and sexually transmitted infections.

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Molecular Quality Controls Market: Key Trends and Drivers

Increasing prevalence of genetic diseases will augment the market growth. Molecular quality controls are used to detect genetic diseases as these aid in the interpretation of results. Downs Syndrome is a genetic disorder that causes due to abnormal cell division, which results in an extra full or partial copy of chromosome 21. As per the US Centers for Disease Control and Prevention (CDC), every year, around 6,000 newborns in the US suffer from the Down syndrome. As a result, prenatal testing for Down syndrome is increasing in the country. Most of the inherited cases of breast cancer are associated with mutations in two genes: BRCA1 (BReast CAncer gene one) and BRCA2 (BReast CAncer gene two). As per the American Cancer Society, around 5% to 10% of breast cancer cases are hereditary, as a result of mutated genes passed from parent to children. Growing awareness of breast cancer increases the adoption of genetic testing for hereditary breast cancer.

Further, as per CDC, sickle cell disease (SCD) is a common genetic blood disorder in the US that affects ~70,000 to 100,000 Americans. Further, as per the WHO, 5% of the world population is the carrier of the genes for hemoglobin disorders, such as sickle-cell disease and thalassemia. Thus, the increasing prevalence of such genetic diseases propels the demand for molecular quality controls.

Molecular Quality Controls Market: Restraints & Challenges

Additional costs involved in quality control and budget constraints in hospitals and laboratories may impede the industry expansion. Setting up a QC process in a clinical laboratory requires significant investments. Laboratories also need to maintain dedicated personnel to manage the QC system. Moreover, QC procedures incur similar costs, regardless of the volume of tests performed. Hence, the cost of adopting QC procedures is very high for clinical laboratories working with low volumes of diagnostic tests. This, coupled with budgetary constraints in many hospitals and laboratories in developed and developing economies, is expected to result in the lower adoption of QC practices.

Molecular Quality Controls Market Report Findings

https://www.globalinsightservices.com/reports/molecular-quality-controls-market/

The instrument specific segment is likely to hold a dominant molecular quality controls market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into independent and instrument specific. In 2021, the instrument specific segment dominated the market and accounted for the largest revenue share in 2021 The growing number of new product launch and increasing use of advanced instrument in laboratories for several testing purpose enhance the which integrity of diagnostic test results are boosting the segmental as well as market over the forecasted period.

The multi analyte segment is anticipated to hold a majority of the molecular quality controls market size throughout the study period.

Based on analyte type, it is segmented into single analyte, and multi-analyte. Among them, in 2021, multi analyte segment is expected to command the largest share. Multianalyte assays with algorithmic analyses (MAAAs) are tests that incorporate results from a panel of tests (molecular or non-molecular), with or without other clinical information, into an algorithm in order to generate a risk or probability score. Multi-analyte transforming medical diagnosis in the foreseeable future and are also likely to be of value in the analysis of complex protein mixtures deriving from recombinant DNA technologies.

The infectious disease segment is anticipated to hold a majority of the molecular quality controls market size throughout the study period.

Based on application, it is segmented into oncology, infectious disease, blood screening, genetic testing, and others. Among them, in 2021, infectious disease is estimated to account for the largest share. The implementation of innovative assays for infectious diseases, a significant rise in the prevalence of infectious diseases, and increasing awareness about the effective use of molecular diagnostic innovations to regulate the incidence and spread of infectious diseases are all contributing factors as compared to other Applications of the market.

The blood center segment is anticipated to hold a majority of the molecular quality controls market size throughout the study period.

Based on end-use, it is segmented into clinical and research laboratories, blood centers, hospitals, IVD manufacturers, academic & research institutes, and others. Blood center segment is expected to grow with the highest CAGR during the forecast period. This is attributed to the increasing number of blood testing due to the spread of various infectious diseases along with rising number of chronic disorders including cancer, COVID-19 among others. Similarly, blood center provide accurate results in time without any delay and fraud which provides opportunities for growth over the projected period.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the molecular quality controls market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is anticipated to witness lucrative growth over the forecast year owing to the rise in demand for accurate and high-quality diagnostics tests. With cancer becoming an increasingly prevalent health issue in the APAC region, owing to aging populations and changes in lifestyle, the need for precision oncology has been a major area of focus of various authorities in the region, triggering the establishment of various initiatives. These include the establishment of platforms such as the K-MASTER (Korean Cancer Precision Medicine Diagnosis and Treatment Enterprise) in South Korea, as well as Japan’s LC-SCRUM lung cancer genomic screening project.

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Competitive Landscape

The global molecular quality controls market report includes players such as F. Hoffmann-La Roche Ltd. (Switzerland), Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific, Inc. (US), Randox Laboratories Ltd. (UK), LGC Limited (UK), Abbott Laboratories (US), Fortress Diagnostics (UK), SERO AS (Norway), Anchor Molecular (US), Ortho-Clinical Diagnostics, Inc. (US), Quidel Corporation (US), Sun Diagnostics, LLC (US), and Seegene Inc. (South Korea) among others. In addition, major vendors are focused on developing smarter technologies for surface disinfections.

For instance, in January 2020, Abbott Laboratories invested USD 2.4 billion in R&D, of which USD 10.80 billion was invested in developing technologically advanced diagnostic products to strengthen its product portfolio.

Recent Developments in the Molecular Quality Controls Market:

• In February 2022, ZeptoMetrix® launched new ready-to-use SARS-CoV-2 omicron variant molecular quality controls.
• In October 2021, Roche introduced the AVENIO Tumor Tissue CGP Kit, designed to help labs expand in-house oncology research.
• In June 2021, SeraCare partnered with the International Quality Network for Pathology (IQN Path) (Luxembourg) to develop, manufacture, and supply a range of highly characterized cell line genomic DNA and formalin-fixed, paraffin-embedded (FFPE) standards with confirmed low, mid, and high levels of mutational burden within their exome regions
• In May 2021, Bio-Rad entered a global partnership with Roche Diagnostics (Switzerland) to provide its customers access to a complete line of InteliQ products and Unity QC data management solutions along with customer training and support services.
• In January 2020, Abbott Laboratories invested USD 2.4 billion in R&D, of which USD 10.80 billion was invested in developing technologically advanced diagnostic products to strengthen its product portfolio.

Molecular Quality Controls Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global molecular quality controls market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future molecular quality controls market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the molecular quality controls market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Molecular Quality Controls Market Segments

By Product Type

• Independent
• Instrument Specific

By Analyte Type

• Single Analyte
• Multi-Analyte

By Application

• Oncology
• Infectious Disease
• Blood Screening
• Genetic Testing
• Others

By End-Use

• Clinical and Research Laboratories
• Blood Centers
• Hospitals
• IVD Manufacturers
• Academic & Research Institutes
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• F. Hoffmann-La Roche Ltd. (Switzerland)
• Bio-Rad Laboratories, Inc. (US)
• Thermo Fisher Scientific, Inc. (US)
• Randox Laboratories Ltd. (UK)
• LGC Limited (UK)
• Abbott Laboratories (US)
• Fortress Diagnostics (UK)
• SERO AS (Norway)
• Anchor Molecular (US)
• Ortho-Clinical Diagnostics, Inc. (US)
• Quidel Corporation (US)
• Sun Diagnostics, LLC (US)
• Seegene Inc. (South Korea)

Near Infrared Imaging/NIR Market to Reach US$ 614.5 mn by 2031, driven by the Increasing incidence of target diseases, such as cardiovascular diseases, gastrointestinal, neurovascular, and cancer, is likely to boost the demand for near infrared imaging: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global near infrared imaging/NIR market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 614.5 million by 2031.

Near infrared imaging uses light between 650 to 950 nm to detect any changes induced, injury, or disease. It is a powerful diagnostic tool for minimally invasive and nonionizing method for tissue imaging. NIR are not absorbed well by the blood or water, which are the main components of tissues, thus increases the changes of illumination for internal structures. It is advantageous over other techniques since it provides better resolution and is less harmless to patients.

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Near Infrared Imaging/NIR Market: Key Trends and Drivers

Increase in the adoption of surgical interventions has augmented the usage of visualization equipment to perform the surgery. Microsurgery has been chosen by several individuals on large scale due to rising prevalence of chronic diseases caused by stress, work pressure, improper eating habits, sedentary lifestyle, exposure to chemicals, and heredity. In addition, as per the World Bank Data, in 2016, around 10,156 surgical procedures were performed per 100,000 population in Australia. Furthermore, increasing awareness among the population owing to the benefits of treating a medical condition with surgery at the proper stage is boosting the demand for surgical procedures, thereby increasing adoption rate of near infrared imaging. Hence, the rise in surgical procedures is expected to fuel the market for near infrared imaging over the forecast period.

A constant rise in the geriatric population is increasing the financial burden on the healthcare system. According to the Global Health and Aging report by the WHO, the number of people with age 65 and more is anticipated to rise from approximately 524 million in 2010 to nearly 1.5 billion by 2050, especially in developing economies. Such a rise in the elderly population base will subsequently result in the greater application of near infrared imaging, hence supporting market growth.

Near Infrared Imaging/NIR Market: Restraints & Challenges

Dearth of trained professionals may impede the industry expansion to some extent. NIR imaging is a specialized imaging technique and needs skilled operators for its effective utilization. At present, there is a scarcity of skilled operators, especially in developing countries, which is a major factor limiting the uptake of these systems for clinical applications. In addition to this, the technological landscape of the NIR market is constantly evolving, with a growing number of advanced products being launched every year. At present, apart from systems for open surgery, NIR fluorescence imaging is also available for laparoscopic, thoracoscopic, and robot-assisted surgeries. This compels physicians and other healthcare providers to acquire the necessary skills to operate these advanced NIR imaging devices effectively. Owing to this, physicians and healthcare providers are refraining from adopting these imaging systems, which challenges market growth.

However, companies such as Carl Zeiss are carrying out various workshops and training sessions on intraoperative fluorescence. These companies present clinical cases in combination with live surgeries to enhance the understanding of the technology and usage of these devices. Such efforts by manufacturers may serve to overcome this challenge in the future.

Near Infrared Imaging/NIR Market Report Findings

https://www.globalinsightservices.com/reports/near-infrared-imaging-nir-market/

The devices segment is likely to hold a dominant near infrared imaging/NIR market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into devices and reagents. Devices segment further sub-segmented into near-infrared fluorescene imaging systems, and near-infrared fluorescene and bioluminescene imaging systems. In 2021, the devices segment dominated the market and accounted for the largest revenue share in 2021. The novel point-of-care near infrared imaging modalities provide the sensitivity of nuclear medicine techniques and offer radiation-free and noninvasive imaging. The device segment is expected to witness lucrative growth owing to the launch and approval of near infrared imaging systems for use in surgical procedures. The segment is further classified into near-infrared fluorescence imaging systems and near-infrared fluorescence and bioluminescence imaging systems.

The preclinical imaging segment is anticipated to hold a majority of the near infrared imaging/NIR market size throughout the study period.

Based on application, it is segmented into preclinical imaging, cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries and others. Among them, in 2021, the preclinical imaging segment is expected to command the largest share. Near-infrared (NIR) regents are used in preclinical imaging research to study diseases and conditions such as cancer, inflammation, infection, vascular, and others. The development of advanced NIR reagents with improved fluorescence, tissue penetration, and targeted fluorescence capabilities promotes its adoption into preclinical research. For instance, COX 2 probe- a targeted NIR dye developed by PerkinElmer Inc. detects cyclooxygenase-2, produced in early-stage cancer Such dyes are used in faster clinical development of oncology drugs and diagnostic devices.

Neurological complications are common during cardiovascular procedures such as coronary surgery and valve replacement. Thereby, it is important to monitor the cerebral oxygenation level during cardiac surgeries to improve surgical outcomes. The strong impetus of implementing measures to monitor cerebral desaturation during cardiac surgery is a key factor promoting the adoption of NIR imaging.

The pharmaceutical & biotechnology companies segment is anticipated to hold a majority of the near infrared imaging/NIR market size throughout the study period.

Based on application, it is segmented into hospitals & clinics, pharmaceutical & biotechnology companies and research laboratories. Among them, in 2021, pharmaceutical & biotechnology companies is estimated to account for the largest share. The pharmaceutical and biotechnology companies segment is also anticipated to witness a significant CAGR over the forecast period. Near infrared imaging is used in pharmaceutical companies to measure the critical material attributes of a product. They are used in pharmaceutical and biotechnology companies for identification of raw materials, verification of the quality of lyophilized materials, monitoring coating and content of tablets, monitoring fermentation and cell culture, and various in-line and on-line process monitoring. Hence aforementioned factors will positively promote the segment growth.

The North America region is estimated to exhibit the highest growth rate during the near infrared imaging/NIR market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In Asia Pacific, the market for near infrared imaging is anticipated to witness the fastest CAGR over the forecast period. The presence of developing countries such as China, India, and Japan is anticipated to boost the growth of the market in the region. The presence of a huge population base with low per capita income in the Asia Pacific region has led to high demand for affordable treatment options. Multinational companies are keen to invest in developing countries, such as Japan, India, South Korea, and more. Thus, many market players are entering into strategic alliances with local players. This is anticipated to augment the near infrared imaging market growth.

Increasing geriatric population and growing incidence of chronic diseases in South Korea are major drivers of the market. For instance, as per World Bank, the geriatric population in South Korea accounted for around 13.43% in 2016, whereas in 2017 it accounted for around 13.91%. Furthermore, increasing healthcare expenditure and favorable government policies for approval of products has encouraged several major players to enter into this market. Therefore, South Korea market is expected to witness considerable growth over the forecast period.

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Competitive Landscape

The global near infrared imaging/NIR market report includes players such as Stryker (US), KARL STORZ SE & Co. KG (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (US), Olympus Corporation (Japan), PerkinElmer, Inc. (US), LI-COR, Inc. (US), Medtronic (US), Hamamatsu Photonics K.K. (Japan), and Shimadzu Corporation (Japan), among others.. In addition, major vendors are focused on developing smarter technologies for surface disinfections.

For instance, in 2020, Olympus expanded its VISERA ELITE II surgical imaging platform with the addition of 3D ENDOEYE video laparoscope and a dedicated IR Xenon light source equipped with 3D and Infra-red (IR) capabilities respectively.

Recent Developments in the Near Infrared Imaging/NIR Market:

• In January 2021, KARL STORZ announced the launch of the system named IMAGE1 S Rubina multimode visualization, the latest advancement in endoscopic imaging. This technology combines state-of-the-art 4K resolution with superior fluorescence-guided imaging using indocyanine green dye and near-infrared light and (NIR/ICG).
• In January 2021, Leica Microsystems partnered with Imperial College London in the field of optical imaging and its use in research and innovation.
• In 2019, Leica Microsystems received De Novo clearance from the US Food and Drug Administration (FDA) to market its FL400 surgical microscope filter in the US.
• In 2019, Stryker acquired Mobius Imaging, LLC and GYS Tech, LLC (US). The acquisition strengthened Strykers portfolio of orthopedics, spine, and neurotechnology products.

Near Infrared Imaging/NIR Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global near infrared imaging/NIR market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future near infrared imaging/NIR market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the near infrared imaging/NIR market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Near Infrared Imaging/NIR Market Segments

By Product

• Devices
  • Near-Infrared Fluorescene Imaging Systems
  • Near-Infrared Fluorescene and Bioluminescene Imaging Systems
• Reagents

By Application

• Preclinical Imaging
• Cancer Surgeries
• Gastrointestinal Surgeries
• Cardiovascular Surgeries
• Plastic/Reconstructive Surgeries
• Others

By End-Use

• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
• Research Laboratories

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players Profiled in the Report

• Stryker (US)
• KARL STORZ SE & Co. KG (Germany)
• Carl Zeiss Meditec AG (Germany)
• Leica Microsystems (US)
• Olympus Corporation (Japan)
• PerkinElmer, Inc. (US)
• LI-COR, Inc. (US)
• Medtronic (US)
• Hamamatsu Photonics K.K. (Japan)
• Shimadzu Corporation (Japan)

Liquid Biopsy Market to Reach USD 13.4 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global liquid biopsy market is expected to grow rapidly over the next 10 years to reach a value of more than USD 13.4 billion by 2031.

Liquid biopsy is an easy, quick, non-invasive, and repeatable sampling technique that can reflect changes in tumor gene expression profiles and offer a solid foundation for a customized treatment and cancer early detection. The focus in recent years has also been on early cancer detection, tracking the development of tumors, evaluating therapy response and clinical prognosis, and identifying recurrent and refractory cancers. Furthermore, due to technological advancements in both practicality and turnaround time, liquid biopsy has recently attracted a lot of attention as a non-invasive substitute procedure for tissue biopsy in patients with cancer.

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Liquid Biopsy Market: Key Trends and Drivers

The number of persons who have cancer has significantly increased on a global scale. Environmental factors, cigarette use, infectious diseases like Hepatitis B and C, as well as lifestyle changes, are some of the causes of the increased incidence of cancer. Cancer is the second-leading cause of mortality worldwide, according to the WHO. According to estimates from the International Agency for Research on Cancer (IARC), there would be 19.3 million new cases of cancer and 9.96 million cancer-related deaths worldwide in 2020. Compared to conventional cancer diagnostic methods, liquid biopsy has various advantages, including lower cost, early prognosis, therapy monitoring, tumour heterogeneity identification, acquired drug resistance, and patient comfort (by eliminating the need for surgery).

Liquid Biopsy Market: Market Restraints and Challenges

The quantities of ctDNA of any particular cancer mutation may be very low in the plasma of a cancer patient, especially after treatment or surgery, making the detection of ctDNA in liquid biopsies technically difficult. According to sampling statistics, there may be fewer than one detectable copy of the cancer mutation-containing ctDNA in any one patient’s plasma sample. As a result, even though ctDNA is present in the plasma but at a low level, it might not be picked up in the patient sample. This affects the informative value of the liquid biopsy tests for cancer by producing false-negative results where ctDNA is present but not identified.

Liquid Biopsy Market Report Findings

https://www.globalinsightservices.com/reports/liquid-biopsy-market/

The platforms & instruments segment is anticipated to dominate the market during the forecast period

Based on the product & services, it is segmented into kits & reagents, platforms & instruments, and services. The platforms & instruments segment is anticipated to dominate the market during the forecast period. Due to a significant amount of ongoing platform and instrument development, research, and approvals in 2020. A high-performance, exome-scale tumor-profiling tool called NeXT Liquid Biopsy, for instance, was introduced by Personalist, Inc. in 20202020. It makes use of blood samples from patients with advanced-stage solid tumor malignancy. Additionally, Guardant Health, Inc. is creating brand-new precision oncology drugs using its massive clinical-genomic liquid biopsy dataset for patients with advanced cancer and its Guardant INFORM platform.

The circulating tumor cells segment is anticipated to dominate the market during the forecast period

Based on the circulating biomarker, it is segmented into circulating tumor cells, extracellular vesicles, circulating tumor DNA, and others. The circulating tumor cells segment is anticipated to dominate the market during the forecast period. Due to a rise in recent years in the number of clinically necessary tests using genetic studies. Additionally, due to the rapid growth of next-generation sequencing (NGS) technologies in liquid biopsy advancements applied to circulating tumor DNA, circulating tumor DNA is anticipated to be the segment with the fastest rising rate during the projected period (ctDNA).

The lung cancer segment is anticipated to dominate the market during the forecast period

Based on the cancer type, it is segmented into lung cancer, breast cancer, colorectal cancer, prostate cancer, liver cancer, and others. The lung cancer segment is anticipated to dominate the market during the forecast period. Because non-small cell lung cancer is becoming more common worldwide. For instance, according to the World Health Organization, lung cancer will account for the vast majority of cancer-related fatalities worldwide (1.80 million deaths) in 2020. Prostate cancer, which is the most common type of cancer and the second largest cause of death in North America, is also anticipated to experience the fastest growth during the projected period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The expansion of the liquid biopsy market in North America is supported by the region’s high cancer prevalence and widespread use of innovative liquid-biopsy diagnostics. However, over the analysis period, Asia-Pacific is anticipated to have the greatest CAGR. This is explained by an increase in disposable income, government measures to improve the healthcare system, and an increase in healthcare costs. Additionally, partnerships and strategic approvals with top industry players to advance liquid biopsy technology in this area are anticipated to promote market expansion.

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Competitive Landscape

The key players studied in the report are F. Hoffmann-La Roche Ltd. (Switzerland), Myriad Genetics, Inc. (US), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific, Inc. (US), Guardant Health, Inc. (US), MDxHealth SA (Belgium), Exact Sciences Corporation (US), Illumina Inc. (US), Sysmex Inostics (US), Bio-Rad Laboratories, Inc. (US), Biocept, Inc. (US), NeoGenomics, Inc. (US), ANGLE plc (UK), Menarini-Silicon Biosystems (Italy), and Vortex Biosciences, Inc. (US) among others.

Recent Developments

• June 2021, Biocept Inc., and Quest Diagnostics collaborated to develop an advanced NGS testing technology especially for the lung cancer patients.
• June 2021, Guardant Health Inc., launched its Guardant 360 Response test that detects changes in circulating tumor DNA levels.
• October 2020, F. Hoffmann-La Roche Ltd., received the US FDA approval of expanded claims for the cobas EGFR Mutation Test v2 to be used as a companion diagnostic for a broader group of therapies to treat non-small cell lung cancer.
• March 2020, Biocept, Inc., entered into an agreement with a second California-based independent physician association to provide its Target Selector liquid biopsy assay services to physicians and patients in the network.

Liquid Biopsy Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Liquid Biopsy market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Liquid Biopsy market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Liquid Biopsy market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Liquid Biopsy industry.

Global Liquid Biopsy Market Segmentation

By Product & Service

• Kits & Reagents
• Platforms & Instruments
• Services

By Circulating Biomarker

• Circulating Tumor Cells
• Extravascular Vesicles
• Circulating Tumor DNA
• Other Biomarker

By Cancer Type

• Lung Cancer
• Breast Cancer
• Colorectal Cancer
• Prostate Cancer
• Liver Cancer
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• F. Hoffmann-La Roche Ltd. (Switzerland)
• Myriad Genetics, Inc. (US)
• QIAGEN N.V. (Netherlands)
• Thermo Fisher Scientific, Inc. (US)
• Guardant Health, Inc. (US)
• MDxHealth SA (Belgium)
• Exact Sciences Corporation (US)
• Illumina Inc. (US)
• Sysmex Inostics (US)
• Bio-Rad Laboratories, Inc. (US)
• Biocept, Inc. (US)
• NeoGenomics, Inc. (US)
• ANGLE plc (UK)
• Menarini-Silicon Biosystems (Italy)
• Vortex Biosciences, Inc. (US)

Global Automated Barriers and Bollards Market to Reach US$ 2.1 BN by 2031, driven by the Growing Awareness of Security and Safety Across Residential & Commercial Areas: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the automated barriers and bollards market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.1 billion by 2031.

Automatic barriers and bollards are used either in combination or as single to ensure high security by preventing the entry of unauthorized vehicles, for example, to prevent burglars and thieves from entering the property. Automatic barriers and bollards restrict vehicle entry in multiple indoor and outside constructions, such as toll booths, high-security areas, and parking centres for offices, hotels, and shopping centres.

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Global Automated Barriers and Bollards Market: Key Drivers

Public safety these days has become one of the major concerns of governments across the globe. The major reason behind the rising public safety concern is burgeoning crime rates globally. Criminal activities such as serious traffic offenses, assaults, gang, and drug-related offenses have increased. Therefore, barrier installation in high-traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered a key factor is driving the boom barrier and bollard market. Municipalities in many cities are also adopting smart parking systems for better parking, traffic management, and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking shortly, as a large amount of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for automated barriers and bollards market players in the coming years.

Global Automated Barriers and Bollards Market: Market Restraints and Challenges

Limited availability of cost-effective automated barriers and bollards is expected to limit the market revenue growth. For instance, installing these systems in small projects will result in high overall costs due to the presence of sensors and expensive hardware and software components. In addition, parts of automated barriers and bollards are expensive to replace and maintain, increasing overall maintenance and repair cost and likely restraining market revenue growth in the forecast period.

Global Automated Barriers and Bollards Market Report Findings

https://www.globalinsightservices.com/reports/automated-barriers-and-bollards-market/

The RFID tags reader segment is likely to hold the major share of the market in 2021

Based on product type, it is segmented into push button, remote controlled, RFID tags reader, loop detectors, and others. The RFID tags reader segment is expected to be the largest segment in the automated barriers and bollards market in 2021. Radio Frequency Identification refers to an auto-identification technology that uses radio frequencies to identify objects remotely. In an RFID integrated boom barrier, Electronic Product Code (EPC) is generated with encoded information called an RFID tag. This tag can be easily read from a considerable distance and identify the vehicle entering the premises. An RFID-enabled boom barrier is comparatively expensive but delivers better accuracy, speed, and data transmission capabilities for longer ranges and reduces human intervention. This type of boom barrier is commonly used in residential complexes, office parking, industrial premises, and places where high security is required. Thus, the RFID tags reader segment by application for automated barriers and bollards market is projected to provide numerous lucrative business opportunities for the market players in the forecast period. Due to these factors mentioned above, the RFID tags reader segment is expected to hold a major market share in 2021.

The commercial segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into residential, commercial, and industrial. The commercial segment is expected to be the largest segment in the automated barriers and bollards market in 2021. The commercial segment dominated the global automated barrier and bollards market in 2021 and is anticipated to follow the same trend during the forecast period. Increasing adoption of advanced control systems and smart parking systems for parking and traffic management in major cities has become a need of the hour to improve the flow of vehicles throughout.

Rising demand for automated barriers in commercial places such as offices, malls, clubs, stadiums, and several other places for check-in and check-out security purposes is expected to drive market revenue growth. In addition, the growing adoption of cashless transactions coupled with the exponential adoption of IoT in control systems is one of the key factors likely to support market revenue growth. Thus, the commercial segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The U.S. introduced Intelligent Transportation Systems (ITS) that include advanced transportation safety and mobility by integrating advanced communication technologies into vehicles and transportation infrastructure. Over the forecast period, increasing product popularity in traffic control, security measures, and parking control in residential and commercial spaces are augmenting market revenue growth in North America. This, in turn, boosts the demand for automated barriers and bollards in the North America region.

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Competitive Landscape

The key players studied in the global automated barriers and bollards market are AUTOMATIC SYSTEMS (Belgium), Avon Barrier Corporation Ltd (UK), Came S.p.A. (Italy), Houston Systems Private Limited (India), LBA group (France), Macs Automated Bollard Systems Ltd (UK), Magnetic Autocontrol GmbH (Germany), Nice S.p.A. (Italy), Omnitec Group (UAE), and RIB srl (Italy).

Global Automated Barriers and Bollards Market: Recent Developments

• July 2022, HUB France offered a turnkey solution, including remote facility management via the LinkView control room, and HUB Jupiter systems play a crucial role in making access to both parking terraces easy and frictionless. The parking system is equipped with 4 Access Pro barriers by Magnetic. This first European cross-border project was inaugurated on the 13th of July 2022 in Thionville.
• February 2022, The East Midlands Airport is an international airport in the East Midlands of England which has established itself as a hub for low-fare airlines serving a range of domestic and European short-haul destinations. Recently, a brand new-build logistics centre had just been completed, and the customer was looking for an access solution for an unmanned staff entrance that needed to be monitored and protected. The products also needed to integrate with existing access control systems. The mTripod by Magnetic Autocontrol GmbH was the perfect solution. The smooth drive and sensitive impact detection make passage through the mTripod particularly simple and quick. Ideal for situations where you want minimal disruption and a basic level of security and control.

Global Automated Barriers and Bollards Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global automated barriers and bollards market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global automated barriers and bollards market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global automated barriers and bollards market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global automated barriers and bollards industry.

Global Automated Barriers and Bollards Market Segmentation

By Product Type

• Push Button
• Remote Controlled
• RFID Tags Reader
• Loop Detectors
• Others

By Application

• Residential
• Commercial
• Industrial

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AUTOMATIC SYSTEMS (Belgium)
• Avon Barrier Corporation Ltd (UK)
• Came S.p.A. (Italy)
• Houston Systems Private Limited (India)
• LBA group (France)
• Macs Automated Bollard Systems Ltd (UK)
• Magnetic Autocontrol GmbH (Germany)
• Nice S.p.A. (Italy)
• Omnitec Group (UAE)
• RIB srl (Italy)

Leukapheresis Market to Reach USD 136 Million by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, September 2022: According to a new research study by Global Insight Services (GIS), the global leukapheresis market is expected to grow rapidly over the next 10 years to reach a value of more than USD 136 million by 2031.

The method of leukapheresis is used to remove white blood cells from a blood sample. It is done to lower the number of elevated white blood cells, to gain cells for different types of research, and to collect autologous blood cells for transplanting back into the patient. Leukapheresis is a form of apheresis that removes a component of blood and then reincorporates the remaining blood into circulation. White blood cells are isolated during chemotherapy in order to protect them from potential harm from the high dosage of chemotherapy medications. They are then returned to the patient’s body.

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Leukapheresis Market: Key Trends and Drivers

Leukemia incidence has drastically increased across the globe. The American Cancer Society predicts that there will be 61,090 new cases of leukemia in the US in 2021. In addition, it is predicted that leukemia would be responsible for 23,660 fatalities in the US in 2021. Between 2008 and 2020, the incidence rate of leukemia in children increased by 1% year. It is logical to assume that the increased prevalence of hyper leukocytic leukemia will increase the need for therapeutic leukapheresis operations in the next years and support the expansion of the leukapheresis market.

Despite its therapeutic benefits, leukapheresis is still not widely used as a treatment, especially for hyper leukocytic leukemia. But industry participants are starting to pay more attention to how therapeutic leukapheresis is used to treat pediatric patients. The risks and side effects of conventional treatments, such as chemotherapy for children, can be primarily blamed for this. Children’s stem cells can be obtained through leukapheresis and utilized to treat or remove extra WBCs in patients with juvenile lymphoma or other cancers. Given that so few hospitals now offer leukapheresis treatment for children in both established and emerging economies, leukapheresis is an area of focus in this market due to the potential and benefits it offers in this application.

Leukapheresis Market: Restraints and Challenges

Apheresis equipment typically costs between 20,000 and 150,000 dollars. Smaller hospitals and blood banks therefore avoid using this method of blood collection. Furthermore, for efficient therapy and the collection/removal of WBCs via apheresis, trained and skilled physicians, personnel, and nurses are also needed. Leukapheresis is an expensive technology for short-term use due to all of these issues. Similar to this, leukapheresis at hospitals and cancer treatment facilities has a very high cost because it requires extra disposables, which can cost between USD 1,500 and 3,000 for each patient. As a result, relatively few small blood banks, research institutions, and hospitals have adopted leukapheresis and leukoplakia, which will limit the growth of the leukapheresis market throughout the course of the projected period.

Leukapheresis Market Report Findings

https://www.globalinsightservices.com/reports/leukapheresis-market/

The leukapheresis device segment is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into leukapheresis devices, apheresis devices, leukoreduction filters, leukapheresis columns & cell separators. The leukapheresis device segment is anticipated to dominate the market during the forecast period. White blood cells (leukocytes) are separated from whole blood using leukapheresis equipment. Leukoreduced blood cell products, such as leukoreduced plasma and leukoreduced RBCs, are also created using these instruments. The rise in therapeutic leukapheresis procedures used to treat inflammatory bowel illnesses, immune-mediated inflammatory diseases, and leukemia is mostly responsible for the market expansion for leukapheresis equipment. Another important element driving market expansion is the blood collection facilities’ growing adoption of leukapheresis equipment.

The research application segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into research applications and therapeutic applications. The research application segment is anticipated to dominate the market during the forecast period. The significant market share of this sector is related to the growing use of leukapheresis products in the research and development of cell-based immunotherapies, as well as to the growing number of clinical studies using leukomas as a primary raw material.

The blood component providers & blood centers segment is anticipated to dominate the market during the forecast period

Based on the end users, it is segmented into blood component providers & blood centers, academic & research institutes, pharmaceutical & biotechnology companies, hospitals & transfusion centers. The blood component providers & blood centers segment is anticipated to dominate the market during the forecast period. The rising amount of blood donations, the rising need for leukomas for the creation of CAR T-cell treatments, and the rising need for blood components in medical illnesses like cancer are all responsible for the large share of this market.

The Asia Pacific region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is anticipated to dominate the market during the forecast period. Due to factors including an aging population, a rise in leukemia prevalence, improved healthcare infrastructure, an increase in clinical trials in China, and rising public and private investments for the development of CAR-T therapy, emerging markets in the Asia Pacific region have become significant growth hotspots in the market.

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Competitive Landscape

The key players studied in the report are Fresenius, Asahi Kasei Medical, Haemonetics, STEMCELL Technologies, Terumo BCT, Macopharma, HemaCare, Caltag Medsystem, StemExpress, Key Biologics LLC, ZenBio Inc, Digital Pharmacist Inc, BioIVT, Precision for Medicine Inc, and Lmb Technologie GmbH among others.

Recent Development

• September 2020, All Cells, LLC added cryopreserved leukoplakia to its product portfolio to ensure access to high-quality primary cells without potential delivery delays.
• June 2020, Haemonetics Corporation announced an agreement to sell its Fajardo, Puerto Rico manufacturing operations of blood filters to GVS S.p.A.
• June 2020, Stem Express, LLC. Added frozen leukopaks, LE00 (2.5C, 5C, 10C), which are frozen after fresh blood collection and provide an enriched source of peripheral blood mononuclear cells for medical research.
• January 2020, Fresenius Kabi inaugurated the expansion of its transfusion and apheresis disposables plant in the Dominican Republic in Santa Domingo.
• February 2019, Terumo BCT, Inc. expanded its global footprint by opening its first regional office in sub-Saharan Africa, in Nairobi, Kenya.

Leukapheresis Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Leukapheresis market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Leukapheresis market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Leukapheresis market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Leukapheresis industry.

Global Leukapheresis Market Segmentation

By Type

• Leukapheresis Devices
• Apheresis Devices
• Leukoreduction Filters
• Leukapheresis Columns & Cell Separators

By Application

• Research Applications
• Therapeutic Applications

By End Users

• Blood Component Providers & Blood Centers
• Academic & Research Institutes
• Pharmaceutical & Biotechnology Companies
• Hospitals & Transfusion Centers

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Fresenius
• Asahi Kasei Medical
• Haemonetics
• STEMCELL Technologies
• Terumo BCT
• Macopharma
• HemaCare
• Caltag Medsystem
• StemExpress
• Key Biologics LLC
• ZenBio Inc
• Digital Pharmacist Inc
• BioIVT, Precision for Medicine Inc
• Lmb Technologie GmbH