Friday, 29 November 2024

Fetal Monitoring Equipment Market is Thriving $6.16 Billion Revenue by 2030: Grand View Research Inc.

 Fetal Monitoring Equipment Market Growth & Trends

The global fetal monitoring equipment market size is anticipated to reach USD 6.16 billion by 2030 and is anticipated to expand at a CAGR of 9.02% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the increasing government initiatives that are aimed at reducing infant mortality rates. Governments are investing heavily in improving healthcare infrastructure, particularly in maternal and neonatal care. Initiatives such as the United Nations Sustainable Development Goals (UNSDGs), specifically targeting a reduction in infant mortality, have prompted government investments in fetal monitoring devices. These programs emphasize improving access to maternal healthcare and advanced medical technologies. In addition, many nations have increased funding for hospitals, clinics, and maternal health centers, often requiring fetal monitoring equipment as a standard feature in obstetric wards. This demand for improved neonatal care, induced by government-backed funding programs.

Moreover, several innovations have emerged, and initiatives are being undertaken, highlighting the potential for more effective monitoring of fetal health. For instance, in September 2023, the RADx Tech Fetal Monitoring Equipment Challenge was launched by the National Institutes of Health (NIH) in partnership with the Bill & Melinda Gates Foundation. The challenge's goal was to speed up the development of diagnostic and monitoring technologies. More than 40 entries was submitted by different innovators, focusing on creating affordable and accessible solutions for monitoring fetal health, especially in low-resource environments.

Furthermore, AI and machine learning are being integrated into fetal monitoring systems to improve data processing and interpretation. These technologies can help in noise suppression, feature detection, & fetal state classification, thereby reducing false positives and enhancing the reliability of monitoring outcomes. For instance, the Lullaby algorithm, developed by researchers at UC Irvine in 2022, effectively distinguishes fetal heartbeats from maternal signals, improving the accuracy of readings.

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Fetal Monitoring Equipment Market Report Highlights

  • Based on product, the fetal monitors segment held the largest revenue share in 2023. The growth of this segment is attributed to the growing awareness about the importance of monitoring fetal health, along with an increase in preterm births and fetal issues.
  • Based on application, the antepartum segment held the largest revenue share of in 2023. The growing governmental and non-governmental organizations' initiatives aimed at reducing infant mortality rates and improving prenatal care standards have significantly contributed to the expansion of the antepartum segment.
  • Based on portability, the non-portable segment held the largest revenue share in 2023. However, portable segment is anticipated to grow at the fastest growth rate over the forecast year.
  • Based on type, the non-invasive segment held the largest revenue share of in 2023 and is anticipated to grow at the fastest growth rate over the forecast year.Key drivers contribute to the dominance of non-invasive fetal monitoring.
  • Based on end use, the hospitals segment held the largest revenue share of in 2023 and is anticipated to grow at a fastest growth rate over the forecast year.
  • North America region held the largest market share in 2023, as companies continuously launching new products and solutions to meet the evolving needs of healthcare providers.

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Fetal Monitoring Equipment Market Segmentation

Grand View Research has segmented the global fetal monitoring equipment market on the basis of product, application, portability, type, end-use, and region:

Fetal Monitoring Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Fetal Monitors
  • Fetal Doppler Devices
  • Ultrasound Devices
  • Fetal Transducer
  • Telemetry Devices
  • Accessories and Consumables

Fetal Monitoring Equipment Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Antepartum
  • Intrapartum

Fetal Monitoring Equipment Portability Outlook (Revenue, USD Million, 2018 - 2030)

  • Non-Portable
  • Portable

Fetal Monitoring Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Non-Invasive
  • Invasive

Fetal Monitoring Equipment End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals
  • Clinics
  • Others

Fetal Monitoring Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Denmark
    • Sweden
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Thailand 
  • Latin America
    • Brazil
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in the Fetal Monitoring Equipment Market

  • Avante Health Solutions
  • Bionet America, Inc.
  • CooperSurgical Inc. (THE COOPER COMPANIES, INC.)
  • EDAN Instruments, Inc.
  • FUJIFILM India Private Limited
  • GE Healthcare
  • Koninklijke Philips NV
  • MEDGYN PRODUCTS INC.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Siemens Healthineers
  • TRISMED Co., Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Bathroom Furniture Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

 Bathroom Furniture Market Growth & Trends

The global bathroom furniture market size is expected to reach USD 195.27 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.2% from 2024 to 2030. Rising disposable incomes drive growth in the market by enabling consumers to invest more in home improvements, including bathroom renovations and upgrades. As people have more financial resources, they are more likely to purchase higher-quality, premium bathroom furniture and fixtures that offer enhanced functionality, durability, and aesthetic appeal. This increased spending power allows consumers to buy premium bathroom products such as designer vanities, spa-like bathtubs, and storage solutions.

Additionally, higher incomes often relate with a desire for improved living standards and a willingness to invest in products that enhance comfort and convenience in daily life. This trend encourages manufacturers to innovate and offer a wider range of products, further stimulating market growth and competition.

Technological advancements in smart bathroom solutions are driving significant growth in the market by introducing innovative products that enhance functionality, comfort, and user experience. These smart solutions include features such as voice-activated faucets, temperature-controlled showers, self-cleaning toilets, smart mirrors with built-in displays, and integrated lighting systems. As consumers become more tech-savvy and seek ways to incorporate technology into every aspect of lives, the demand for smart bathroom furniture is rising. These high-tech products offer improved convenience and efficiency also contribute to water conservation and energy savings, aligning with growing environmental concerns, likely favoring the growth of the market.

Homeowners increasingly prioritize upgrading bathrooms to create more inviting and efficient environments, leading to higher demand for stylish and innovative bathroom furniture solutions. This surge in renovation projects not only stimulates sales of essential items like vanities, cabinets, and mirrors but also encourages manufacturers to introduce new designs and features that cater to evolving consumer preferences. Moreover, the growing awareness of the value of investing in quality furniture that enhances the overall home experience further propels market expansion, as consumers seek products that offer both durability and design appeal. Consequently, the ongoing trend of home improvement serves as a significant catalyst for growth in the bathroom furniture sector, driving the industry.

The growth in the hospitality and commercial sectors significantly contributes to the expansion of the market. Hotels, restaurants, and commercial establishments are investing in high-quality bathroom furnishings that reflect brand identity and provide guests with a comfortable and stylish atmosphere. This trend is further fueled by a competitive landscape where exceptional bathroom amenities can differentiate establishments and attract discerning clientele. Additionally, as the hospitality industry rebounds from recent challenges, there is a renewed focus on renovations and upgrades to meet modern design standards and sustainability initiatives. Consequently, the demand for durable, stylish, and versatile bathroom furniture solutions continues to rise, positioning the hospitality and commercial sectors as key drivers of growth in the market.

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Bathroom Furniture Market Report Highlights

  • Based on product, bathroom cabinetsheld substantial market driven by the increasing need for effective storage solutions that maximize space efficiency in bathrooms, as homeowners prioritize organization and functionality while seeking aesthetically pleasing designs that enhance the overall ambiance of bathrooms, particularly in light of the growing trend toward home renovation and remodeling projects.
  • Based on material, the growth in sales of ceramic bathroom furniture is driven by its exceptional durability, water resistance, and low maintenance requirements, coupled with the versatility of design options that cater to diverse consumer preferences, as well as the increasing emphasis on hygiene and cleanliness in bathroom environments, making ceramic a preferred choice for modern homeowners.
  • Based on application, bathroom furniture for residential application held substantial market, driven by the increasing trend of home renovations and remodeling, as homeowners seek to enhance both the aesthetic appeal and functionality of bathrooms, making these investments a key part of modern living.
  • Based on region, the Asia Pacific bathroom furniture market is experiencing significant growth is driven by combination of factors including rapid urbanization, rising disposable incomes, an expanding middle class eager to invest in home renovations, and an increasing emphasis on modern design and functionality that meets the diverse needs of consumers in both urban and suburban settings.

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Bathroom Furniture Market Segmentation

Grand View Research has segmented the global bathroom furniture market on the basis of product, material, application, and region.

Bathroom Furniture Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Bathroom Vanities
  • Bathroom Cabinets
  • Storage Units
  • Others

Bathroom Furniture Material Outlook (Revenue, USD Billion, 2018 - 2030)

  • Wood
  • Glass
  • Metal
  • Plastic
  • Ceramic
  • Others

Bathroom Furniture Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential
  • Commercial

Bathroom Furniture Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

List of Key Players in the Bathroom Furniture Market

  • Geberit AG
  • Roca Sanitario, S.A
  • Nilkamal Limited
  • Duravit AG
  • Laufen Bathrooms AG
  • Schneider+Co AG
  • American Woodmark Corporation
  • Design House (DHI Corp.)
  • Kohler Company
  • Dupont Kitchen and Bath Fixtures

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Kids Water Bottle Market: Precise Analysis on Business Overview, Product Scope And Ongoing Development 2030

 Kid’s Water Bottle Market Growth & Trends

The global kids water bottle market size is expected to reach USD 3.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.2% from 2024 to 2030. The kid's water bottle market has seen significant growth in recent years, driven by a combination of health awareness, environmental concerns, and innovative product offerings. As parents increasingly recognize the importance of keeping children hydrated, the demand for kid-friendly water bottles has surged. In addition, factors such as the rising trend of sustainability and eco-friendly products have prompted manufacturers to develop reusable and recyclable options tailored for young users. This shift not only supports healthy hydration habits but also encourages responsible consumption among children.

One of the primary drivers of growth in this market is the increasing focus on health and wellness among children. Parents are becoming more aware of the importance of hydration for physical activity, cognitive function, and overall health. This awareness has translated into a willingness to invest in high-quality water bottles that are designed specifically for children. Many products now feature ergonomic designs, spill-proof lids, and materials that are safe and BPA-free, making them more appealing to health-conscious parents.

Another significant factor contributing to the market's expansion is the rise of eco-consciousness. As environmental issues gain prominence, more parents are seeking sustainable alternatives to single-use plastic bottles. The introduction of reusable water bottles made from stainless steel, glass, and other eco-friendly materials has resonated with consumers who prioritize reducing their carbon footprint. Brands that emphasize their commitment to sustainability and provide attractive, child-friendly designs are likely to capture a larger share of the market.

Innovation plays a crucial role in driving growth within the kid's water bottle sector. Manufacturers are increasingly focusing on creating unique features that cater to children's preferences, such as customizable designs, fun colors, and character-themed bottles. In addition, some companies are incorporating smart technology into their products, allowing parents to track their child's hydration levels through mobile apps. These innovations not only enhance the user experience but also foster brand loyalty among young consumers and their parents.

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Kids Water Bottle Market Report Highlights

  • In the kid’s water bottle market, small (8-12 oz/240-350 ml) bottles accounted for a dominant share in 2023. This size is perfect size younger children, making them easy to hold, carry, and drink from without being too heavy or cumbersome
  • Demand for aluminum kid’s bottles is set to rise significantly from 2024 to 2030. Aluminum bottles are seen as a healthier option because they are typically free from harmful chemicals such as BPA and phthalates, which are often found in plastics
  • Sales of kid’s water bottle through hypermarkets and supermarkets accounted for the majority of the market share in 2023. Supermarkets and hypermarkets are convenient and feature a large product selection all in one place. The convenience of immediate purchase and the ability to physically inspect products enhance consumer confidence in their choices
  • The Asia Pacific kid’s water bottle market is expected to grow rapidly from 2024 to 2030. The region is undergoing rapid urbanization, growing middle-class populations, and increasing disposable incomes. The region is also seeing a shift toward sustainable consumption, with more consumers preferring reusable options over single-use plastics

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Kids Water Bottle Market Segmentation

Grand View Research has segmented the global kids water bottle market on the basis of material, size, distribution channel, and region:

Kids Water Bottle Material Outlook (Revenue, USD Billion, 2018 - 2030)

  • Plastic
  • Stainless Steel
  • Aluminum
  • Tritan
  • Silicone
  • Others

Kids Water Bottle Size Outlook (Revenue, USD Billion, 2018 - 2030)

  • Small (8-12 oz/240-350 ml)
  • Medium (12-16 oz/350-470 ml)
  • Large (Above 60 oz/470 ml)

Kids Water Bottle Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online
  • Others

Kids Water Bottle Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

List of Key Players in the Kids Water Bottle Market

  • CamelBak
  • Tupperware
  • Thermos
  • Contigo
  • Nalgene
  • Hydro Flask
  • Klean Kanteen
  • S'well
  • Skip Hop
  • Zojirushi

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Friday, 22 November 2024

AI Agents Market Poised to Expand at a Robust Pace of USD 50.31 Billion Over 2030: Grand View Research Inc.

 The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030. Increased demand for automation, advancements in Natural Language Processing (NLP), and rising demand for personalized customer experiences are primarily driving the growth of the market. Moreover, the widespread adoption of cloud computing has made it easier and cost-effective for businesses to deploy AI agents. Cloud-based platforms enable companies to scale AI agent applications with lower infrastructure investments, driving wider adoption across industries.

Consumers expect more personalized interactions, and AI agents enable businesses to deliver customized solutions by leveraging data to provide targeted recommendations, customer support, and marketing outreach, increasing customer satisfaction and loyalty. AI agents enhance customer engagement in e-commerce by offering real-time product recommendations, assisting with transactions, and improving the online shopping experience. The rise of online retail has been a significant growth driver, especially post-pandemic. AI agents are used in telemedicine, patient management, and diagnostics, playing a crucial role in streamlining healthcare operations. Their ability to handle patient queries, assist in appointment scheduling, and offer health guidance contributes significantly to the growth of AI agents in healthcare.

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AI agents are integrated with security systems to monitor, analyze, and respond to security threats in real time. Their capabilities in detecting anomalies, predictive analysis, and automating security procedures are increasing demand in both public and private sectors. Moreover, ongoing research and development in AI technologies, particularly in machine learning, deep learning, and NLP, are improving AI agents' functionality and performance. As AI agents become more advanced, industries are adopting them for increasingly complex tasks.

Overhead Cranes Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Overhead Cranes Market Size & Trends

The global overhead cranes market size was estimated at USD 5.18 billion in 2023 and is projected to grow and at a CAGR of 6.8% from 2024 to 2030. The market is witnessing robust growth due to rising demand across several end-user industries, such as manufacturing, construction, automotive, and power generation. As these sectors expand, they require efficient material handling solutions to manage increased workloads and improve productivity. Overhead cranes enable heavy lifting and the transport of goods, which is essential for meeting the increased output requirements of these industries.

Rapid urbanization and increasing infrastructure development across the globe are driving the demand for overhead cranes. Governments are investing heavily in infrastructure projects such as bridges, highways, and power plants, which require substantial lifting equipment such as overhead cranes. Overhead cranes are essential for their versatility in lifting and transporting materials across construction sites. Thus, rising government investments in infrastructure projects and a growing focus on sustainable building practices are fueling the market's growth.

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Technological advancement is a pivotal trend in the overhead crane market. Integrating advanced technologies such as automation, variable-speed drives, and automated positioning systems enhances operational efficiency and precision in material handling. These advancements reduce total production time and minimize personnel costs. Safety features such as collision avoidance systems and overload protection have become increasingly important to improve worker safety and reduce the rate of accidents. The ongoing development of remote monitoring capabilities allows for real-time performance tracking and predictive maintenance, further optimizing crane operations and thereby driving the market's growth.

Furthermore, sustainability is emerging as a core focus for industries worldwide. Manufacturers are innovating to produce energy-efficient cranes that consume less power and reduce carbon footprints. Technologies such as regenerative drives and lightweight materials are being utilized to enhance energy efficiency. Additionally, companies are demanding cranes that can integrate with renewable energy sources. Thus, as industries move toward greener practices, the demand for sustainable lifting solutions is expected to increase, and contribute to the market's growth.

The high initial investment needed for purchasing and maintaining overhead cranes is a major factor that could hamper market growth. Ongoing maintenance expenses, such as regular inspections and component replacements, can add up over time, resulting in a long-term financial burden for companies. The time-consuming and costly nature of inspections varies based on the crane's size and complexity. These inspection costs can be a significant barrier for small businesses or those with limited budgets. However, the advantages of regular overhead crane inspections far outweigh the drawbacks, as they ensure the safety of both workers and equipment while helping companies maintain productivity and profitability.

Organic Coffee Market to Reap Excessive Revenues By 2030

 Organic Coffee Market Growth & Trends

The global organic coffee market size is estimated to reach USD 13.16 billion in 2030 and is anticipated to grow at a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Many individuals are becoming increasingly aware of the health benefits associated with organic products. Organic coffee is perceived as a healthier option because it is grown without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), which reduces the risk of chemical residues. Additionally, organic coffee is rich in antioxidants, including polyphenols that help combat free radicals, enhancing its appeal as a nutritious beverage.

Another important driver of organic coffee consumption is the emphasis on environmental sustainability. Consumers prioritize environmentally friendly products and are drawn to organic coffee cultivation practices that promote soil health, biodiversity, and water conservation. With growing awareness of climate change and environmental degradation, many consumers view organic coffee as a responsible choice that supports eco-friendly agricultural methods. This alignment with sustainability values resonates strongly with today's environmentally conscious shoppers. Ethical sourcing and fair trade practices also play a crucial role in the rising demand for organic coffee.

Consumers are increasingly interested in knowing where their food comes from and how it is produced. Certifications such as USDA Organic and Fair Trade assure the fair treatment of farmers and workers involved in coffee production. This ethical dimension appeals to consumers concerned about social responsibility and sustainability, making organic coffee a preferred choice. The availability and variety of organic coffee have significantly improved across various retail channels, including supermarkets, specialty stores, and online platforms. Coffee shops and cafes are also responding to consumer demand by offering organic options on their menus. This increased accessibility encourages more consumers to try organic coffee, further driving its popularity.

In addition, the rise of specialty coffee culture has led to heightened interest in unique flavor profiles and artisanal processing methods associated with organic coffee. As consumers seek high-quality, premium products that offer distinctive tastes and experiences, the demand for organic varieties continues to grow. The expansion of e-commerce has also made it easier for consumers to access a wide range of organic coffee products, allowing for convenient comparisons and purchases.

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Organic Coffee Market Report Highlights

  • North America is expected to grow with a CAGR of 9.2% from 2024 to 2030. Organic coffee is becoming more widely available in mainstream grocery stores, specialty health food retailers, and cafes across North America. This increased accessibility, combined with effective marketing and branding around organic products, is driving higher demand as consumers are more exposed to and educated about the benefits of organic coffee.
  • Robusta organic coffee is expected to grow with a CAGR of 9.3% from 2024 to 2030. Robusta beans are often used in espresso blends due to their strong flavor and rich crema. As the popularity of espresso-based drinks continues to grow, the demand for organic Robusta beans is rising, especially among coffee aficionados who seek both quality and sustainability in their espresso.
  • Flavored organic coffee is expected to grow with a CAGR of 9.5% from 2024 to 2030. The growing interest in specialty and gourmet coffee has driven the demand for innovative and high-quality coffee products, including flavored organic options. Coffee drinkers are increasingly exploring new flavors and are willing to pay a premium for organic varieties that combine sustainability with exciting taste experiences.
  • Sales through online channels are expected to grow at a CAGR of 9.3% from 2024 to 2030. Online channels frequently offer competitive pricing and special deals such as discounts, flash sales, and bundle offers. E-commerce platforms often have lower overhead costs compared to brick-and-mortar stores, allowing them to pass on savings to consumers. Additionally, online shoppers can easily compare prices across different websites to find the best deals, making it an attractive option for budget-conscious gamers.

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Organic Coffee Market Segmentation

Grand View Research has segmented the global organic coffee market based on type, flavor, distribution channel, and region:

Organic Coffee Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Arabica
  • Robusta

Organic Coffee Flavor Outlook (Revenue, USD Million, 2018 - 2030)

  • Flavored
  • Unflavored

Organic Coffee Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Online
  • Offline

Organic Coffee Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

List of Key Players in the Organic Coffee Market

  • Equal Exchange Co-op
  • Allegro Coffee Company
  • Jim’s Organic Coffee
  • Counter Culture Coffee
  • Death Wish Coffee Co.
  • Starbucks Corporation
  • Grupo Nutresa S.A.
  • The J.M. Smucker Company
  • Keurig Dr Pepper Inc.
  • Nestlé S.A.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Tuesday, 19 November 2024

Artificial Intelligence In Cardiology Market Revenue is expected to Reach $4.8 Billion by 2030: Grand View Research Inc.

 Artificial intelligence In Cardiology Market Growth & Trends

The global artificial intelligence in cardiology market size is expected to reach USD 4.8 billion in 2030 and is projected to grow at a CAGR of 24.6% from 2024 to 2030 The increase in the adoption of new technologies by healthcare facilities for the diagnosis and treatment of cardiac diseases, the growing burden of cardiovascular diseases worldwide, and increasing competition among market players to launch new technologies for cardiac imaging are some of the major factors supporting the market's growth.

According to the WHO, cardiovascular diseases are a major cause of death worldwide. The World Heart Federation states that cardiovascular deaths are expected to rise in the coming years. i.e., from 18.9 million in 2020 to 32.3 million in 2050. Some major causes of cardiac diseases are stress, sedentary lifestyles, and an increase in the consumption of fast food, among others. A significant number of people adopting a sedentary lifestyle is expected to increase the disease burden further. This is expected to improve the demand for artificial intelligence (AI) technology to accurately detect cardiac abnormalities and thus boost the market in the post-pandemic period.

Aging is one of the major causes of cardiovascular diseases. According to the National Institute of Health, aging is one of the major reasons for diseases such as coronary artery disease, stroke, heart attack, and other cardiovascular diseases. According to the WHO, in 2020, over 1 billion people were aged 60 years and above, and by 2050, this number is expected to rise to 2.1 billion. The surge in the geriatric population is expected to increase the burden of these diseases and thus support the demand for advanced AI technology in the coming years for treating heart diseases in a better way.

Artificial intelligence has improved and enhanced the accuracy of diagnosing cardiovascular diseases. Machine learning algorithms are increasingly being developed and are widely used in the diagnosis and treatment of heart failure, valvular heart disease, and coronary artery disease, among others. Improved diagnostic and prognostic capabilities using machine learning algorithms are enhancing the clinical care of patients suffering from cardiovascular diseases. Many studies have reported that artificial intelligence detects abnormalities in the heart with more than 80% accuracy. All the above-mentioned factors are likely to boost the demand for AI in cardiology.

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Artificial Intelligence In Cardiology Market Report Highlights

  • Based on component, software segment is expected to grow at the fastest CAGR during the forecast period. AI-based software in cardiology is revolutionizing the field by enhancing diagnostic accuracy, improving patient monitoring, and enabling personalized treatments
  • The cardiac arrhythmias segment is expected to grow at the fastest CAGR over the forecast period. Atrial Fibrillation (AF) is one of the most common clinically significant cardiac arrhythmias associated with various cardiovascular complications such as stroke and increased mortality.
  • North America dominated the artificial intelligence in cardiology market with a revenue share of over 45.5% in 2023.
  • The AI in cardiology market in the Asia Pacific is expected to be driven by the increasing prevalence of cardiovascular diseases in multiple countries, fueling the demand for more efficient and accurate diagnostic & treatment solutions

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Artificial Intelligence In Cardiology Market Segmentation

Grand View Research has segmented the global artificial intelligence in cardiology market report based on component, application, medical condition, and region:

Artificial Intelligence In Cardiology Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Software
  • Hardware
  • Services

Artificial Intelligence In Cardiology Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Diagnosis
  • Prediction
  • Drug Discovery
  • Others

Artificial Intelligence In Cardiology Medical Condition Outlook (Revenue, USD Million, 2018 - 2030)

  • Cardiac Arrhythmias
  • Heart Failure
  • Ischemic Heart Disease /CAD
  • Others

Artificial Intelligence In Cardiology Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in Artificial Intelligence In Cardiology Market

  • IDOVEN
  • CardiAI
  • Ultromics Limited
  • Arterys Inc. (Tempus)
  • Cardiologs (Koninklijke Philips N.V.)
  • Ultrasight
  • DiA Imaging Analysis (Koninklijke Philips N.V.)
  • Vista AI
  • Viz ai
  • RSIP Vision
  • Cleerly, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Expansion of Drone Charging Station Market During 2024 – 2030 to Gain Robust Traction: Grand View Research Inc.

 The global drone charging station market size was estimated at USD 0.43 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030. The growing use of drones for commercial applications, such as logistics, delivery services, and infrastructure inspection, is a significant factor contributing to market’s growth. As companies in the e-commerce sector continue to expand drone delivery networks, the demand for reliable charging infrastructure has surged. These commercial applications require drones to operate autonomously for extended periods, making automated charging solutions crucial to ensuring smooth operations and minimizing downtime. This is prompting advancements in both wireless and wired charging technologies, particularly for urban and remote environments.

The rapid adoption of drones in the agriculture and energy sectors is also contributing to the growth of the market. Drones are being used extensively in precision farming for tasks such as crop monitoring, spraying pesticides, and assessing field conditions. In the energy sector, drones are increasingly employed for inspecting critical infrastructure like power lines, wind turbines, and solar farms. As these applications typically take place in vast outdoor areas, there is a growing need for rugged, weather-resistant charging stations capable of operating in harsh environmental conditions. This trend is driving the development of outdoor charging solutions that can withstand extreme weather, making them suitable for challenging environments.

The shift toward sustainability is also playing a critical role in the drone charging station market. Many industries are seeking eco-friendly solutions that align with their sustainability goals, which has spurred the development of solar-powered drone charging stations. These stations are particularly advantageous in off-grid locations or areas with unreliable access to electricity. As environmental regulations tighten and industries focus more on reducing their carbon footprints, the adoption of solar-powered and renewable energy-driven charging solutions is expected to increase. This trend is particularly prevalent in the agriculture and environmental monitoring sectors, where sustainability is a top priority.

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Technological advancements in wireless charging are another factor driving the market. As drones become more advanced, there is a growing need for efficient, contactless charging methods that allow drones to operate autonomously without human intervention. Inductive and resonant wireless charging technologies are gaining traction, offering solutions that allow drones to charge mid-mission without requiring precise alignment with a charging pad. These advancements are particularly beneficial for industries like logistics and surveillance, where drones need to remain operational for long periods, reducing the need for manual docking.

The increasing demand for portable and mobile charging stations is emerging as a key trend, particularly in sectors such as military, disaster management, and emergency response. These portable stations can be deployed in remote or temporary locations, providing flexibility for drones operating in dynamic environments. The military, for instance, is using portable drone charging stations for surveillance and reconnaissance missions in remote areas, while emergency responders rely on these solutions during natural disasters or search-and-rescue operations. This trend underscores the need for mobile, adaptable charging infrastructure that can support drone operations in a wide range of scenarios, contributing to the market’s growth.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Outdoor Knife Market to Expand at a CAGR of 6.2% Through 2030: Grand View Research Inc.

 Outdoor Knife Market Growth & Trends

The global outdoor knife market size is expected to reach USD 3.43 billion by 2030 and projected to grow at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The heightened focus on emergency preparedness has fueled significant growth in the demand for multifunctional outdoor knives among survival enthusiasts and preppers. These individuals prioritize tools that can perform a wide range of tasks essential in survival situations, including food preparation, protection, and even fire-starting. Outdoor knives designed for survival often feature robust blades capable of cutting through tough materials, serrated edges for sawing, and additional features such as built-in fire starters or compasses. As the global uncertainty surrounding natural disasters, political unrest, and other emergencies grows, consumers are increasingly investing in these versatile tools to ensure they are well-equipped for any situation. This trend highlights the growing importance of self-sufficiency and readiness, making multifunctional outdoor knives a key component of survival gear collections.

Moreover, the demand for personalized outdoor knives has fostered niche markets, as consumers increasingly seek tools that reflect specific needs and personal preferences. Customization options such as selecting the handle material-ranging from wood, bone, and leather to modern composites-allow buyers to choose based on aesthetic appeal, comfort, or durability. Blade length and style can also be tailored for specialized use, whether for hunting, camping, or tactical applications. Engraving adds a further personal touch, making the knife unique with custom names, symbols, or designs, often chosen as gifts or collectibles. This growing desire for bespoke knives enhances functionality and user satisfaction but also supports the rise of artisanal and small-scale manufacturers who cater to these niche demands, driving innovation and creativity in the market.

Outdoor knives play a crucial role for hunters and fishers, as they are indispensable for tasks such as cutting, skinning, and processing game or fish. The resurgence of hunting and fishing as popular recreational activities, particularly in North America and Europe, has significantly boosted the demand for specialized hunting knives. These knives are designed for precision and durability, with features like gut hooks, fixed blades, and ergonomic handles tailored to the needs of outdoor enthusiasts. The rise in outdoor sports and the increasing emphasis on self-sustainability through hunting and fishing as a means of sourcing food naturally contribute to the growth of this market.

Furthermore, material trends in the market are focused on enhancing durability, performance, and sustainability. High-carbon stainless steel remains a popular choice due to its corrosion resistance and edge retention, while advancements in composite materials and titanium alloys provide lightweight yet strong alternatives for heavy-duty use. Additionally, knife handles are seeing a shift towards ergonomic, non-slip materials like G-10 fiberglass laminate and Micarta, which offer enhanced grip and comfort. Sustainability trends are also influencing material choices, with an increasing preference for eco-friendly and recycled materials, particularly in handle designs. This aligns with the broader consumer shift toward environmentally responsible products, pushing manufacturers to innovate with sustainable yet high-performance materials in the outdoor knife market.

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Outdoor Knife Market Report Highlights

  • Based on type, fixed blade outdoor knife held substantial market revenue, driven by superior strength, durability, and reliability, making them ideal for heavy-duty tasks in outdoor and survival activities.
  • Based on application, the growth in sales of survival outdoor knife is driven by the increasing popularity of survivalism, bushcraft, and self-reliance practices, as well as a heightened awareness of emergency preparedness, prompting consumers to invest in versatile, durable knives that can handle a wide range of critical tasks in challenging outdoor environments.
  • Based on region, the Asia Pacific market for outdoor knife is experiencing significant growth is driven by rising urbanization, increasing disposable incomes, and a growing preference for outdoor living spaces, along with the expansion of the hospitality sector and the influence of tourism, which collectively boost demand for stylish, durable, and weather-resistant furniture across the region.

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Outdoor Knife Market Report Segmentation

Grand View Research has segmented the global outdoor knife market on the basis of type, application, and region.

Outdoor Knife Type Outlook (Revenue, USD Billion; 2018 - 2030)

  • Folding Blade
  • Fixed Blade
  • Side Slide

Outdoor Knife Application Outlook (Revenue, USD Billion; 2018 - 2030)

  • Hunting
  • Survival
  • Camping
  • Hiking
  • Fishing
  • Others

Outdoor Knife Regional Outlook (Revenue, USD Billion; 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

List of Key Players of Outdoor Knife Market

  • Morakniv AB
  • ESEE Knives
  • Fällkniven AB
  • Gerber
  • Spyderco, Inc.
  • Helle
  • Buck Knives, Inc. USA
  • Benchmade, Inc.
  • KA-BAR
  • Emerson Knives, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Friday, 8 November 2024

Medical Fluoropolymers Market Predicted to Witness Steady Growth During the Forecast Period

 Medical Fluoropolymers Market Growth & Trends

The global medical fluoropolymers market size is expected to reach USD 962.03 million by 2030, expanding at 9.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for advanced medical technology and devices and growing healthcare investments in emerging economies is expected to drive the demand for medical fluoropolymers over the forecast period.

The medical fluoropolymers industry is also expected to witness high adoption of fluoropolymers in implants on account of their chemical inertness and superior fatigue resistance. The demand for medical device packaging is likely to be driven by the rise in the demand for in-house and advanced medical devices.

The global fluoropolymers industry is one of the most heavily regulated in the world. It will be driven by increasing fluoropolymers consumption in construction, automotive, medical devices, and electrical & electronics applications. A large number of players are operating in the market across the globe, with various types of fluoropolymers, such as polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene–propylene (FEP), fluoroelastomers, and others are included as product segments. Other product types include ECTFE, PVF, ETFE, PFA, CTFE-VDF, PCTFE, and THV.

Fluoropolymers have been in high demand as substitutes for alloys and metals in a variety of industries, including industrial machinery, consumer goods, and automobiles in recent years. The industry's criticality rests in technological advancement, as end customers' ever-increasing demands for adaptability and product specification steadily drive the consumer electronics sector.

Other elements that influence industry trends include industrial procedures, feedstock availability, and sociopolitical events. Rapid modernization and availability of trained labor in Asia Pacific's growing economies have fueled the region's manufacturing sector's growth. The global epidemic of highly contagious COVID-19, on the other hand, had a significant impact on manufacturing industries, which, in turn, harmed the growth of the global fluoropolymers industry. Work-from-home policies, order cancellations, and shipping issues are all on the rise in the industry as a result of the pandemic's global spread.

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Medical Fluoropolymers Market Report Highlights

  • The global medical fluoropolymers industry was valued at USD 475.18 million in 2022 and is estimated to grow at a CAGR of 9.2% from 2023 to 2030
  • In terms of revenue, the polytetrafluoroethylene (PTFE) product segment accounted for a significant share of the market in 2022 and is further expected to witness prominent growth over the forecast period. The growth of PTFE can be attributed to its easy blending properties with numerous fillers such as carbon graphite, glass bead, and molybdenum disulfide for enhancing certain end-use applications
  • The medical tubing application segment dominated the global market and accounted for more than 37.0% of the market revenue share in 2022. Medical tubing is designed for several applications such as anesthesiology, respiratory equipment, peristaltic pumps, biopsy, and check pump functions. It is also used for diagnosing congenital heart defects to allow clinicians to administer fluids and devices or to enable gas flow
  • In 2022, North America accounted for more than 41.0% share of the overall market in terms of revenue. The medical fluoropolymers industry in North America is projected to witness significant growth in the coming years owing to the increased demand for medical fluoropolymers for developing drug delivery devices, medical tubing, catheters, medical bags, etc
  • Various strategic initiatives were recorded over the past few years to boost the growth of medical fluoropolymers. For instance, in November 2020, Mueller Corporation launched a new suite of fluoropolymer coatings for medical devices including polytetrafluoroethylene (PTFE), perfluoro alkoxy (PFA), and fluorinated ethylene propylene (FEP) to their existing portfolio

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Medical Fluoropolymers Market Segmentation

Grand View Research has segmented the global medical fluoropolymers market based on product, application, and region:

Medical Fluoropolymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Ethylene Tetrafluoroethylene (ETFE)
  • Polytetrafluoroethylene (PTFE)
  • Polyvinylidene Fluoride (PVDF)
  • Fluoroelastomers
  • Others

Medical Fluoropolymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Medical Tubing
  • Catheters
  • Medical Bags
  • Drug Delivery Device
  • Others

Medical Fluoropolymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK.
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • GCC Countries

List of Key Players in Medical Fluoropolymers Market

  • Daikin Industries, Ltd.
  • The Chemours Company
  • Solvay SA
  • Arkema
  • Adtech Polymer Engineering Ltd.
  • Dongyue Group Limited
  • Saint-Gobain
  • L. Gore & Associates, Inc.
  • Hitachi, Ltd.
  • Holscot Fluoropolymers Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Alzheimer’s Therapeutics Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Alzheimer’s Therapeutics Market Growth & Trends 

The global Alzheimer’s therapeutics market size is expected to reach USD 15.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.99% from 2023 to 2030. Government organizations are engaged in providing funds for Alzheimer's support, care, and research activities, which is projected to fuel the market growth. For instance, in March 2022, the Alzheimer's Society announced to spend around USD 3.5 billion in the coming years on dementia research to improve the care of patients.

Additionally, the Alzheimer's Association with the Alzheimer's Impact Movement (AIM) announced to utilize USD 25 million to implement the BOLD Infrastructure for Alzheimer's Act to create an effective public health substructure for patients. In addition, in September 2021, the South Texas Alzheimer's Disease Center and the Duke/University of North Carolina Alzheimer's Disease Research Center were granted USD 14.8 million over five years by the National Institute of Aging to encourage research on risk factors related to AD. 

Furthermore, an increase in the incidence and cost burden of dementia associated with AD is expected to boost the market growth. According to the Alzheimer's Society, around 900,000 people are living with dementia in the United Kingdom, and it is projected to rise to 1.6 million by 2040 and the incidence of dementia will be 209,600 in the same year. 

The current standard of care is limited to symptom-relieving drugs. Therefore, the approval of disease-modifying anti-amyloid therapeutics is expected to change the treatment landscape. For instance, in June 2021, the U.S. FDA granted accelerated approval to Aduhelm (aducanumab) for the treatment of patients with Alzheimer’s disease. It is a monoclonal antibody that targets cluster forms of amyloid beta present in the brains of patients and stops its formation. Other key anti-amyloid monoclonal antibodies in late-stage clinical trials include Gantenerumab (F. Hoffmann-La Roche Ltd.), Solanezumab (Eli Lilly and Company), and Lecanemab (Eisai Inc./Biogen), among others.  

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Alzheimer's Therapeutics Market Report Highlights

  • By product, the cholinesterase inhibitors segment held the largest revenue share in 2022 as it is the current standard of care. In March 2022, the U.S. FDA approved the cholinesterase inhibitor Adlarity (donepezil hydrochloride) developed by Corium Inc. for the treatment of patients with AD
  • Pipeline drugs are anticipated to witness the fastest growth over the forecast period due to the presence of a strong product pipeline and their expected launch during the forecast period. Biogen’s product lecanemab (BAN2401), an anti-amyloid beta protofibril antibody for treating AD, is currently in phase 3 clinical trials
  • The hospital pharmacy end-user segment dominated the market in 2022 owing to the high hospitalization rate. According to Alzheimer’s Association report 2022, approximately 32% of total Medicare beneficiaries with Alzheimer’s have at least one hospital discharge annually

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Alzheimer's Therapeutics Market Segmentation

Grand View Research has segmented the global Alzheimer’s therapeutics market by product, end-user, and region:

Alzheimer's Therapeutics Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Cholinesterase inhibitors
    • Donepezil
    • Galantamine
    • Rivastigmine
  • NMDA Receptor Antagonist
  • Combination Drug
  • Pipeline Drugs

Alzheimer's Therapeutics End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospital Pharmacy
  • Retail Pharmacy
  • E-commerce

Alzheimer's Therapeutics Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK.
    • Spain
    • France
    • Italy
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in Alzheimer's Therapeutics Market

  • Eisai Co., Ltd.
  • Novartis AG
  • AbbVie Inc. (Allergan Plc.)
  • Adamas Pharmaceuticals, Inc.
  • Lundbeck A/S
  • Biogen
  • AC Immune
  • Hoffmann La Roche Ltd.
  • Daiichi Sankyo Company, Limited
  • Johnson & Johnson Services, Inc.
  • TauRx Pharmaceuticals Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Electrophysiology Devices Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 Electrophysiology Devices Market Growth & Trends

The global electrophysiology devices market size is expected to reach USD 30.09 billion by 2030, expanding at a CAGR of 15.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for electrophysiology procedures is expected to increase owing to the growing geriatric population and frequent cardiac arrhythmias incidents. According to the World Health Organization, the population aged 60 years and above was approximately 1 billion in 2020 and is expected to reach 1.4 billion by 2030. The adoption of diagnostics and ablation techniques among medical professionals has resulted in the high usage of EP products in the past few years and is likely to drive market growth. The development of new products, such as Nanostim-dual-chamber leadless pacemakers, is anticipated to fuel demand for EP products.

Cardiac ablation has gained popularity as the first-line treatment, rendering a 95% success rate for several rhythm disorders, which, in turn, is boosting its demand. Technological developments, such as laser ablation, cryo-ablation, and ultrasound ablation, coupled with optimized mapping techniques are anticipated to augment market growth over the forecast period. For instance, in September 2020, Koninklijke Philips N.V. released new imaging and workflow enhancements for their novel Kodex-EPD cardiac imaging and mapping system. The market was profusely impacted by the COVID-19 pandemic. Disruptions in the supply chain and postponement of elective surgeries declined the sales of EP systems. According to a study published in the Journal of Cardiothoracic Surgery, approximately 50 to 75% of reduction in cardiac surgeries was reported during the pandemic.

The market is now revamped owing to the adoption of digital health and technological advancements in cardiac surgeries. Moreover, virtual clinics were launched for patients suffering from Atrial Fibrillation(AFib) during the pandemic. For instance, in April 2020, the Physician-Patient Alliance for Health and Safety launched Virtual Patient Care for patients suffering from AFib and had treatment with electrophysiology systems. Prominent players are adopting various strategies including new product launches andM&As to strengthen their position. For instance, in June 2020, Boston Scientific Corp. launched Directsense Technology in the U.S. It will monitor the radiofrequency energy delivery effects during the procedures for cardiac ablation. Directsense technology was approved by the U.S. FDA in April 2020 and is available on RHYTHMIA HDx Mapping System.

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Electrophysiology Devices Market Report Highlights

  • Based on type, the ablation catheter segment accounted for the largest share of 45.53% of the market in 2024 due to growing heart failure and arrhythmia incidences, awareness regarding the electrophysiology procedures’ reliability, and advancement in EP technologies
  • Based on indication, the atrial fibrillation segment accounted for the largest market share in 2024. It is estimated to register the fastest CAGR of 15.6% during the forecast period. It is the most common type of arrhythmia associated with a high risk of stroke and blood clotting
  • Inpatient facilities accounted for the largest end-use segment with over 83.47% share in 2024, attributed to the high number of surgeries performed in hospitals
  • North America dominated the market with a revenue share of over 49.45% in 2024, due to the high prevalence of heart failure, growing aging population, and robust healthcare system.

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Electrophysiology Devices Market Segmentation

Grand View Research has segmented the global electrophysiology devices market report based on the device type, indication, end use, and region:

Electrophysiology Devices Device Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Ablation Catheters
    • Radiofrequency (RF) Ablation
    • Cryoablation
    • Pulse Field Ablation
  • Diagnostic Catheters
  • Laboratory Devices
  • Access Devices

Electrophysiology Devices Indication Outlook (Revenue, USD Billion, 2018 - 2030)

  • Atrial Fibrillation (AF)
  • Non-Atrial Fibrillation

Electrophysiology Devices End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Inpatient Facilities
  • Outpatient Facilities
  • Others

Electrophysiology Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players of Electrophysiology Devices Market

  • Boston Scientific Corp.
  • Medtronic
  • Abbott
  • Biosense Webster (Johnson & Johnson Services, Inc.)
  • Biotronik
  • General Electric Company
  • Siemens Healthcare AG
  • MicroPort Scientific Corporation
  • Koninklijke Philips N.V

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fetal Monitoring Equipment Market is Thriving $6.16 Billion Revenue by 2030: Grand View Research Inc.

  Fetal Monitoring Equipment Market Growth & Trends The global  fetal monitoring equipment market  size is anticipated to reach USD 6.16...