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Medical Ventilators Market Size, Growth, Forecast to 2033 | FMI

According to FMI’s most recent market research, the global Medical Ventilators Market is anticipated to be worth US$ 1.7 billion in 2023. Between 2023 and 2033, the market is predicted to grow at a 9.1% annual rate. The market is expected to exceed US$ 4 billion by 2033.

Rapid urbanization has resulted in surging construction activities and industrialization. Owing to this, there has been an increase in the carbon emission rate over the past few years. Consequently, lots of people have started suffering from respiratory diseases, like COPD, asthma, etc. These factors have resulted in an increase in the demand for medical ventilators.

The COVID-19 pandemic has surged the market growth. The lungs of patients were getting infected, as a result of which a lot of them had to be kept under ventilators. There have been massive government investments on this front as well. In April 2020, the United States government offered ventilators contract to General Health and Philips worth staggering US$ 1.1 billion. Even Britain secured 300 new ventilators from China in April 2020.

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The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

Surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Key Takeaways:

The market is expected to record a growth rate of 9.1%.
In 2023, the market valuation is expected to be at US$ 1.7 billion.
By 2033, the market value is expected to surpass US$ 4 billion.
As per the regional analysis, North America is expected to be the largest market.
The United States market is expected to grow at 6.8%.
The United Kingdom market is projected to advance at 5.8%.
China market is anticipated to surge at 14.7%.
Japan market is expected to advance at 9.1%.
South Korea market is anticipated to grow at 8%.
On the basis of product type, the critical care ventilators are expected to be the leading segment, and may surge at 8.6%.
On the basis of application, the invasive ventilators are projected to be the dominant segment, and is expected to grow at 7.5%.
Based on the end user, the hospitals segment is expected to be the leading segment.

Competitive Landscape

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with latest microprocessors. There are also huge investments being made on Research and Development, to create best quality ventilators. The manufacturers are also investing on tactical mergers and acquisitions, to expand their market share. To achieve sustainable goals, the manufacturers are also looking to cut down green house emissions, and make use of eco-friendly facilities. To make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the market:

Cardinal Health
Becton Dickinson and Company
GE Healthcare

Key developments in the medical ventilators market:

In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence on biosimilars.
In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson and Company.

Medical Ventilators Market Segmentation

By Product:

Critical Care Ventilators
Transport Ventilators

By Application:

Invasive Ventilators
Non-invasive Ventilators

By End User:

Hospitals
Ambulatory Surgical Centers
Long Term Care Centers
Home Care Settings

Breast Pump Market Size, Share, Growth & Demand by 2033 | FMI

The global breast pump market is set to witness substantial growth, with estimates projecting a valuation of US$1,827.00 million in 2023. Anticipating a continued upward trajectory, the market is expected to reach US$2,672.30 million by 2033, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 3.90%.

Electric breast pumps are available in two formats: single electric breast pumps and double electric breast pumps. This report analyzes total revenue generated through sales of breast pump products, which include manual breast pumps and electric breast pump devices for breast feeding. Breast pump products are increasingly becoming a necessity among working women across the world as the inclusion of women in workforce is increasing globally.

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Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyle, which is fuelling the demand for breast pumps among urban women. According to WHO, the global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. Rise in healthcare expenditure is expected to boost overall adoption of breast pumps among women, especially in Asia Pacific.

Breast pump adoption is as high as 85% among breast feeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete package of breast pumps, which is anytime more profitable than isolated sales. Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel breast pump market revenues in the global electric breast pumps market during the forecast period.

Key Players:

Koninklijke Philips N.V.,
Pigeon Corporation,
Newell Brands,
Medela Inc.,
Ameda Inc.,
Hygeia II Medical Group Inc.,
Bailey Medical,
Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in breast pump market are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using latest technologies.

Availability of BPA free breast pump products is fuelling breast pump adoption in developed as well as more the affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk container or feeding bottle rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA free breast pump products are Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

Rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the breast pump market. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding related products to various neonatal intensive care units across the U.S.

Some of the leading breast pump manufacturing companies analyzed in the report include Koninklijke Philips N.V., Pigeon Corporation, Newell Brands, Medela Inc., Ameda Inc., Hygeia II Medical Group Inc., Bailey Medical, Mayborn Group Ltd. and   Linco Baby Merchandise Works Co., Ltd.

Additional Questions Answered

Readers can find detailed information about the important positive and negative factors likely to affect the Breast Pump market during the forecast period. Additionally, this Breast Pump market report also contains valuable information that can provide Breast Pump manufacturers with answers to critical questions, such as

Which types of products account for the maximum demand in Breast Pump market and why?
Why is the sales of Breast Pump services and products highest in North America?
Which regulations in various regional segments are influencing the strategies of players in the Breast Pump market?
Why is APEJ currently attracting traction in the Breast Pump market?
What are some of the current technology types and trends adopted by various Breast Pump companies?
What are the promotional strategies being applied by breast pump manufacturers in order to sustain themselves in the competitive Breast Pump market?

Key Segments Covered

by Product Type

Open System Breast Pumps
Closed System Breast Pumps

by Technology Type

electric
manual breast pumps

by End User

homecare settings
healthcare facilities

Animal Healthcare Market Size, Growth & Share | 2033

The market for Animal Healthcare is anticipated to reach a value of US$ 40.9 billion in 2023 and US$ 62.3 billion by 2033. During the forecast period, animal healthcare sales are anticipated to increase significantly at a CAGR of 4.3%. There are several factors driving the demand for animal healthcare, including:

The global animal healthcare market was estimated to be valued at US$ 42.3 Billion in 2021. The market is likely to grow at a CAGR of 4.3% through 2027, reaching US$ 54.5 Billion by 2027.

Along with animal health care, the rapid expansion of the animal feed additive market has also been witnessed with an expected compound annual growth rate (CAGR) of 4.6% through 2027, surpassing a valuation of around US$ 25.3 Bn, whereas, the production of animal segment, by animal type, is expected to grow at 4.7% CAGR, reaching around US$ 35 Bn by 2027.

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Improved animal health is drastically becoming a top priority for people and governments across the world since they have a vital contribution to maintaining the balance of the ecosystem. Billions of dollars are being spent on vaccines, pharmaceuticals, and feed additives every year in order to protect animals from a wide range of diseases.

Key Takeaways

Surging demand for animal pharmaceuticals and vaccines will therefore continue to boost the growth of the animal healthcare market during the forecast period.
A huge variety of pharmaceuticals are being used to treat production and companion animals such as antibiotics, antiparasitics, anti-inflammatories, analgesics, and fertility drugs. Increasing awareness about animal care is set to spur growth in the animal healthcare market.
The rapid surge in animal healthcare product sales like pharmaceuticals is acting as a catalyst for the growth of the animal healthcare market and the trend is likely to continue in the future.
The increasing consumption of meat and dairy products, the rising prevalence of foodborne and zoonotic diseases, growing trend of pet adoption across the globe are some of the primary factors fueling demand in the animal healthcare market during the forecast period.
The account of rising pet adoption rates growing awareness about maintaining the proper health of animals, and surging demand for animal pharmaceuticals for enhancing the immunity system of animals over the last few decades have led to an increase in spending on animals significantly.
North America and Europe are projected to dominate the animal healthcare market, accounting for more than 60% of the market share and North America alone will command a market value of US$ 18.2 billion.

Competitive Landscape

Bayer AG, Cargill, Inc., Eli Lilly and Company, Boehringer Ingelheim GmbH, Ceva Sante Animale, Zoetis Inc., Merc & Co., Inc., Virbac S.A., and SeQuent Scientific Ltd. Etc. are some of the key companies profiled in the full version of the report.

Leading market players operating in the global animal healthcare market are constantly increasing in research and development for introducing new products at low costs. Besides this, they are adopting growth strategies such as partnerships, acquisitions, price reduction, and moving towards online platforms to expand tehri global footprint.

More Insights into the Animal Healthcare Market

The global animal healthcare market falls under the seven major regional segments such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).

North America is leading the global animal healthcare market, accounting for the maximum market share and the revenue is expected to reach US$ 18,186.4 Mn by 2027 end. The Western Europe market is expected to account for the second largest market value share during the forecast period.

With the rapid expansion of the pet care market and surging demand for animal pharmaceuticals, North America and Europe will collectively constitute more than 60% of the market share over the forecast period.

Asia Pacific region is expected to grow at a phenomenal pace during the forecast period owing to the rising adoption of pets, expansion of the animal feed additives market, and penetration of new veterinary healthcare market entrants in countries like India and China.

Based on animal type, the global animal healthcare market has been segmented into production animals and companion animals.

The production animals segment is projected to grow at the fastest CAGR over the forecast period, reaching around US$ 35,041.9 Mn by 2027 end. The companion animals segment, on the other hand, is projected to grow at a CAGR of 3.6% over the forecast period.

Increased focus on protecting both production and companion animals from lethal diseases will continue to push the animal healthcare product sales during the forecast period.

Market Segmentation

Based on Product Type:

Feed Additives
Pharmaceuticals
Vaccines

Based on Animal Type:

Production Animals
Companion Animals

Optical Coherence Tomography Market Size & Share: 2023 - 2033

 the global optical coherence tomography market was estimated at US$ 1.1 billion in 2021 and is anticipated to grow to US$ 1.2 billion in 2022. The overall demand for optical coherence tomography is also expected to increase at an impressive CAGR of 9.8% from 2022 to 2032, reaching over US$ 3.0 Bn by the end of 2032 due to the growing use of optical coherence tomography in clinical and industrial applications.

ESOMAR-certified consulting firm Future Market Insights’ report, projects a healthy growth, for optical coherence tomography (OCT) market. As per the report, the market is forecast to reach a valuation of US$ 1349.09 Mn over the forecast period of 2021 and 2031.

Growing application of OCT in ophthalmology across China, the U.K., Germany and Japan will bolster the demand of optical coherence tomography across the globe.

As per the FMI’s analysis, the optical coherence tomography market across Japan and China is anticipated to expand at over 9.8% and 4.6%, respectively in 2021. Growing prevalence of eye related disorders such as diabetic retinopathy, glaucoma and others will improve the adoption of OCT imaging systems.

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Development of advanced OCT imaging systems coupled with increasing government & private organizations initiatives for eye care programs across the globe are propelling the adoption of OCT imaging systems.

Growing awareness and increasing innovation for the advanced OCT devices for the treatment of skin cancer and eye diseases have urged the manufacturers to incorporate real-time data for better outcomes, expanding their existing product ranges.

Based on the aforementioned factors, the OCT market is slated to expand at a robust pace of over 6.7% CAGR during the assessment period of 2021 and 2031.

Key Takeaways from FMI’s Optical Coherence Tomography Market Study

Hospitals are anticipated emerge as primary end users of optical coherence tomography market, accounting for leading market share
Preference for spectral domain-OCT will be higher as compared to swept source-OCT over the forecast period
Increasing application of OCT in ophthalmology is expected to drive sales through 2031
Germany and the U.K. will lead the Europe’s optical coherence tomography market on the back of rising cases of eye disorders across the region
Japan is anticipated to emerge as a lucrative market backed by the rising development of advanced OCT imaging systems within healthcare sector
China is anticipated to lead the East Asia market during the forecast period, accounting for over 4.6% market sales
The U.S. is estimated to be the largest market for optical coherence tomography market attributed to be growing prevalence of eye related disorders

“Key players are increasing research and development activities for the development of advanced OCT imaging system for the early detection & treatment of eye-related disorders. This, in turn, is likely to omprovegrowth opportunities for the market players over the coming years,” says the FMI analyst. 

Optical Coherence Tomography Market Competitive Landscape

Future Market Insights, in its updated report, have profiled prominent players operating in optical coherence tomography market which include Leica Microsystems, Optovue Inc., Carl Zeiss Meditec AG, Santec Corporation, Heidelberg Engineering GmbH, Optopol Technology SP Z.O.O., Topcon Corporation, Michelson Diagnostic Ltd., Tomophase Inc., Moptim Imaging Technique, NIDEK Co. Ltd., and Sonostar Technologies Co. Ltd among others.

Optical coherence tomography systems manufacturers are actively focusing on expanding their product portfolios to improve their revenue generation.

Incorporation of advanced technology combined with the upgradation of its existing range of products is also one of the core strategies of market players to maintain their position in the industry.

The global optical coherence tomography market is dominated by top tier-1 market players that include Leica Microsystem (Sub. Danaher), Optovue Inc., and Zeiss Group (Carl Zeiss Meditec AG).

Targeted mergers and collaborations with top distribution channel partners is anticipated to be the key strategy to maintain their top position in the industry. Around 20% to 25% of global market revenue is contributed by the tier-1 players over the forecast period.

New product launches with the expansion of their existing product range is one of the common market strategy for the key players. For instance:

In March 2021, Premier Medical Imaging AI Inc., a medical technology company focusing to transform cancer surgery with ultra-high resolution, announced the 510 (k) clearance for its Perimeter’s Optical Coherence Tomography imaging system (v2.1) from the U.S. Food & Drug Administration (FDA), designed to examine tissue microstructures during surgical procedures.

In January 2021, Notal Vision announced the launch of its first ‘US Home-Based’ optical coherence tomography platform which was patient self-operated.

More Insights on the Global Optical Coherence Tomography Market

Future Market Insights, in its latest report, offers an incisive coverage on the global optical coherence tomography market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is classified on the basis of product type (spectral domain-OCT, swept source-OCT, and others), application type (ophthalmology, dermatology, cardiovascular, dental, and others), and end user (hospitals, ophthalmology clinics, dermatology clinics, dental clinics, ambulatory surgical centers, and others) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

Optical Coherence Tomography Market by Category

By Product Type:

Spectral Domain-OCT
Swept Source-OCT
Others

By End User:

Hospitals
Ophthalmology Clinics
Dermatology Clinics
Dental Clinics
Ambulatory Surgical Centers
Others

By Application:

Ophthalmology
Dermatology
Cardiovascular
Dental
Others

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Digital marketing these days are booming!
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The present curriculum of MBA has basic knowledge of digital marketing, whereas digital marketing field is fast and quickly changing that you have left with no chance to learn anything useful and present it. A hand on experience is much needed to keep one updated on the ever-changing digital marketing field, lagging in which will lead to increase in skill gap. A study by the University of Chicago says that students actually learn better through a hands-on approach, the same holds true for digital marketing.
This article will speak about the best digital marketing courses in Mysore for MBA.
Most MBA colleges are staffed by instructors who know nothing of internet marketing, this is a major reason why most of the students are not aware of digital marketing and find it difficult to match the pace of digital world post-graduation. The ever-changing digital field makes it difficult for college instructor to keep themselves updated and old curriculum of digital marketing in MBA adds-on to it.
A student pursuing MBA can take up extra part-time certification course in digital marketing which is the best combination for aspiring minds and master him/herself in the digital domain. A certified digital marketer has a lot of opportunity outside world and requirements for digital marketer is increasing day by day, now it would be bad to speak about the job opening for digital marketers without a proof, there are around 1.5 Lakh jobs all over India!! According to http://Naukri.com. But how can a digital marketer be in such high demand? All that boils down to one simple reason.
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Let’s talk about digital marketing courses in Coimbatore for entrepreneurs.
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