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Paints and Coatings Market Global Recent Trends, Competitive Landscape, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2023

Paints and Coatings Market Overview:

The Global Paints & Coatings Market was USD 135542.6 Mn in 2018 and is forecasted to grow at a healthy CAGR of 5.06% during the assessment period. Among various application industries, architectural segment accounted for the largest market share of 55.1% in 2017 with a market value of USD 78001.9 Mn.

The stringent laws implemented by the governments to control the adverse effects on environment restrict the market growth to some extent, but also paves the way for product innovation. For instance, Volatile organic compounds (VOCs) are harmful to the environment and exposure to VOCs can be associated with the organic solvent syndrome. Therefore, the regulatory laws led to the introduction of low-VOC and zero-VOC paints and finishes.

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Paints and Coatings Market Key Players:

Some of the major players operating in the global paints & coatings market are:

  • 3M,
  • Jotun Group,
  • The Sherwin-Williams Company,
  • TIGER Coatings GmbH & Co. KG,
  • Vitracoat America,
  • Dai Nippon Toryo Co., Ltd,
  • Kansai Nerolac Paints Limited,
  • Diamond Vogel,
  • Hentzen Coatings, Inc.,
  • Berger Paints India Limited,
  • National Paints Factories,
  • Axalta Coating Systems Ltd,
  • Guangzhou Kinte Paints & coatings,
  • AkzoNobel N.V.

Paints and Coatings Market Segmentation:

By product type, the market for paints and coatings has been segmented into water based and solvent based, powdered and UV. The stringent regulations governing the paints and coatings market will push the demand for water based and solvent based products.

By applications type, the market is segmented into architectural, industrial and marine. The architectural segment is set to witness amplified demand due to the growth of the residential sector. The growth demonstrated by the industrial segment can be ascribed to the rapid developments in industrialization.

Paints and Coatings Market Regional Analysis:

The market in North America is expected to grow in spite of strict regulatory laws implemented by the government. The demand for paints and coatings in North America market will come as a response to the growing demand for residential houses and its renovation. The concentration of established corporate houses dealing in paints and coatings in the region can also be credited for the growth of the market. The growth rate of 3% will be registered in the North America region.

Europe market will expand moderately with Germany playing a significant role owing to its prominence in the automobile industry. The industry experts have asserted that there will be a rise in demand for construction of both residential and commercial structures in the region which will steer growth in the paints and coatings market.

RoW market will grow at an average rate due to soaring construction industry in the Middle East. Also, the rapid industrialization coupled with urbanization will lead to a proliferation of the market.

Paints and Coatings Market Table of Content:

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

Paints and Coatings Market Table of Content to be Continue…….,

Paints and Coatings Market List of Table:

Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global Paints And Coatings Market, By Resin Type, 2015-2023 (USD Million)

Table 4 Global Paints And Coatings Market, By Resin Type, 2015-2023 (KILO TONS)

Table 5 Global Acrylic Paints And Coatings Market, 2015-2023 (USD Million)

Paints and Coatings Market List of Table to be Continue…….,

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Global Industrial Control for Process Automation Market Investigation and Growth Forecasted Until the End of 2025

The purpose of this research report titled “Global Industrial Control for Process Automation Market Size, Status and Forecast 2019-2025” is to enlighten the readers about the global market during the period between 2019 and 2025. Market Research Hub (MRH) has diligently compiled this study to discuss various facets of the global Industrial Control for Process Automation market together with the various players contributing to its future development. The inclusion of market dynamics, market size, revenue share, forecast growth etc., makes this assessment a rich data source for investors, shareholders and new entrants.

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Industrial control network is used to examine and control physical equipment in the industrial environments. Industrial control system improves product quality, increases efficiency and brings uniformity in production.
Increasing industrial automation, rise in infrastructure investments and rise in safety and security concerns are a few factors driving the market, while high capital investment and lack of skilled labor is hindering the market growth.
In 2018, the global Industrial Control for Process Automation market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Industrial Control for Process Automation status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial Control for Process Automation development in United States, Europe and China.

The key players covered in this study
ABB
Schneider Electric
Honeywell
Siemens
Rockwell Automation
Omron
Emerson
GE
Yokogawa Electric
Mitsubishi Electric
Johnson Controls
Danaher

Market segment by Type, the product can be split into
Supervisory Control and Data Acquisition (SCADA)
Distributed Control System (DCS)
Product Lifecycle Management (PLM)
Programmable Logic Controller (PLC) and Remote Terminal Unit (RTU)
Manufacturing Execution System (MES)
Human-Machine Interface (HMI)

Market segment by Application, split into
Electrical Power
Oil & Gas Industry
Manufacturing Industry
Pharmaceutical
Chemicals
Water and Waste Water Management
Food and beverages industry
Automotive

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

In this study, the years considered to estimate the market size of Industrial Control for Process Automation are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Industrial Control for Process Automation Market Size Growth Rate by Type (2014-2025)
1.4.2 Supervisory Control and Data Acquisition (SCADA)
1.4.3 Distributed Control System (DCS)
1.4.4 Product Lifecycle Management (PLM)
1.4.5 Programmable Logic Controller (PLC) and Remote Terminal Unit (RTU)
1.4.6 Manufacturing Execution System (MES)
1.4.7 Human-Machine Interface (HMI)
1.5 Market by Application
1.5.1 Global Industrial Control for Process Automation Market Share by Application (2014-2025)
1.5.2 Electrical Power
1.5.3 Oil & Gas Industry
1.5.4 Manufacturing Industry
1.5.5 Pharmaceutical
1.5.6 Chemicals
1.5.7 Water and Waste Water Management
1.5.8 Food and beverages industry
1.5.9 Automotive
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Industrial Control for Process Automation Market Size
2.2 Industrial Control for Process Automation Growth Trends by Regions
2.2.1 Industrial Control for Process Automation Market Size by Regions (2014-2025)
2.2.2 Industrial Control for Process Automation Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Industrial Control for Process Automation Market Size by Manufacturers
3.1.1 Global Industrial Control for Process Automation Revenue by Manufacturers (2014-2019)
3.1.2 Global Industrial Control for Process Automation Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Industrial Control for Process Automation Market Concentration Ratio (CR5 and HHI)
3.2 Industrial Control for Process Automation Key Players Head office and Area Served
3.3 Key Players Industrial Control for Process Automation Product/Solution/Service
3.4 Date of Enter into Industrial Control for Process Automation Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Industrial Control for Process Automation Market Size by Type (2014-2019)
4.2 Global Industrial Control for Process Automation Market Size by Application (2014-2019)

TOC continued…!

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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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Naphtha Market Opportunities, Current Overview, Business Segmentation, Key Players, Share, Size by 2023

Naphtha Market Overview:

As per Market Research Future (MRFR)’s analysis, the global naphtha market is poised to scale new heights over the forecast period 2018 to 2023. It has developed application across different industrial processes such as the production of gasoline, shoe polish, cleaning fluids, and fuel for portable stoves. The expected upsurge in the demand for end-use products is likely to drive the growth of the market in the forthcoming years.

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Naphtha Market Key Players:

Some of the prominent players profiled in this MRFR report are,

  • Chevron Corporation (US)
  • Exxon Mobil Corporation (US)
  • Indian Oil Corporation Ltd (India)
  • BP PLC (UK)
  • Lotte Chemical Corporation (South Korea)
  • Mitsubishi Chemical Corporation (Japan)
  • Novatek (Russia)
  • Mangalore Refinery and Petrochemicals Limited (India)
  • Reliance Industries Limited (India)
  • Shell Chemicals (US)
  • SABIC (Saudi Arabia)
  • China Petrochemical Corporation (China)

Naphtha Market Segmentation:

This MRFR report presents a detailed segmental analysis of the naphtha market based on type, application, and process. On the basis of type, the market has been segmented into heavy naphtha and light naphtha.

Based on application, the global naphtha market is segmented into chemicals, energy and fuel, and others.

By process, the naphtha market has been segmented into naphtha reforming, gasoline blending, steam cracking, and others.

Naphtha Market Regional Analysis:

By region, the global naphtha market has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest market for naphtha, and the governments are also taking initiatives in establishing naphtha cracking facilities in the region. The market is anticipated to remain highly lucrative in the foreseeable future.

The fast-developing economies such as China, India, Indonesia, and Thailand are witnessing high consumption of gasoline & energy. This, in turn, has been presumed to catapult the naphtha market on an upward trajectory over the assessment period.

Naphtha Market Table of Content:

1 Executive Summary

2 Scope of The Report

3 Market Research Methodology

4 Market Landscape

5 Market Dynamics of Global Naphtha Market

Naphtha Market Table of Content to be Continue……,

Naphtha Market List of Table:

Table 1 Global Naphtha Market, By Region, 2016−2023

Table 2 North America: Naphtha Market, By Country, 2016−2023

Table 3 Europe: Naphtha Market, By Country, 2016−2023

Table 4 Asia-Pacific: Naphtha Market, By Country, 2016−2023

Table 5 Middle East & Africa: Naphtha Market, By Country, 2016−2023

Naphtha Market List of Table to be Continue……,

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Propylene Oxide Market Business Boosting Strategies Demand by Regions, Future Analysis Forecast To 2023

Market Overview:-

The global propylene oxide market is projected to grow at a moderate CAGR and reach a significant valuation by the end of the forecast period of 2016-2023, as per a research report published by Market Research Future (MRFR). Propylene oxide acts as an essential primary chemical intermediate and has roles across various industry verticals. Growth in end user industries is the primary driver of the market.

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The substantial growth of the global automotive industry presents ample of expansion opportunities to the propylene oxide market. Infrastructural and constructional projects such as urban city expansion projects across the globe, especially in the Asia Pacific region is a major driver of the market since propylene glycol is mostly used as a construction chemical for use in adhesives, paints, water-proofing materials and coatings. Growth in the automotive industry directly translates into a surge in demand for propylene oxide. It is used as flexible foams, sealants, hydraulic fluid in braking systems in vehicles, and used as a de-icing agent in aircraft.

Competition Analysis:-

Some of the prominent players operating in the Propylene Oxide Market are The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (the Netherlands), Royal Dutch Shell plc (the Netherlands), Huntsman Corporation (U.S.), BASF SE (Germany), Repsol S.A. (Spain), Asahi Glass Co., Ltd. (Japan), INEOS Private Limited Company (U.K.), Sumitomo Group (Japan), Chevron Phillips Chemical (U.S.).

Segmentation Analysis:-

The global propylene oxide market has been segmented based on applications and end use industry. By applications, the market has been segmented into polyether polyols, propylene glycol, fumigation, adhesives, and sealants, & oil demulsifier. By end-use industries, the market has been segmented into construction, paints, and coatings, oil & gas, food, & transportation.

Regional Analysis:-

The key markets of the Global Propylene Oxide Market include Asia Pacific, North America, Europe, Middle East & Africa and Latin America. Asia Pacific is the leading market for propylene oxide due to increased construction and housing activities in the region which is caused by ongoing infrastructural and industrial developments. Governments of emerging countries in Asia Pacific are endeavoring to attract foreign investments to accelerate growth in the countries which is further fostering the growth of the market. Additionally, burgeoning population and increased public investment in the housing industry support the growth of the market.

North America market for propylene oxide is strong owing to high demand for Propylene Glycol from the transportation sector. Propylene Glycol is used in the automotive and aerospace industry which is well-established in the region and results in expansion of the market. Europe market for propylene oxide was consolidated, but the region is expected to lose share in the global market due to the economic crisis and strict regulations pertaining to environment and safety.

The Middle East & Africa market is growing significantly on account of growing construction and oil & gas industries. Availability of raw materials in Saudi Arabia and UAE coupled with mega infrastructure projects in the region is anticipated to drive the market in the region. Latin America market is expected to depict low growth over the forecast period due to significant issues of public governance failure and low economic growth rate.

Browse the market data and information spread across 140 pages with 33 data tables and 12 figures of the report Propylene Oxide Market Research Report- Forecast to 2023 in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/propylene-oxide-market-4770

About Market Research Future:-

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Breathable Films Market Growth, Industry Demand, Application, Regional Analysis, Type, Size, Share, Forecast To 2023

Breathable Films are produced by blending various mineral fillers such as calcium carbonate and polymers. It provides significant properties such as excellent performance, efficiency, and durable nature to the finished material. Moreover, they provide versatility and reliability to the product.

The Global Breathable Films Market has been driven by the range of its application in various uses such as hygiene, medical, food packaging, construction, fabric, and others. Moreover, it is estimated that the medical segment is set to witness the highest growth in the market due to its extensive use of in heavy end-use industries.

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Market Segmentation

The global breathable films market is segregated based on type, and application. Based on type, the market is segmented into polyethylene, polypropylene, polyurethane polyether block amide, co-polyamide, polyether ester, and other segments. Based on application, the market is segregated into hygiene, medical, food packaging, construction, fabric, and others.

Market Scenario

The polyethylene breathable films segment is the leading type in the market on account of its exceptional mechanical strength and adhesion features offered by the product. These films provide abrasion resistance, durable nature and flexibility to the product.

The medical sector is leading the application segment in the market and is anticipated to observe a higher CAGR due to extensive use of breathable films to impart superior performance and soft-touch nature to the product.

Competitive Analysis

Some of the major players functioning in the global breathable films market are Clopay Plastic Products Co., Inc. (U.S.), The RKW Group (Germany), Arkema S.A. (France), Mitsui Chemicals, Inc (Japan), TORAY INDUSTRIES, INC. (Japan), Covestro AG (Germany), NITTO DENKO CORPORATION (Japan), Fatra A.S. (Czech Republic), Schweitzer-Mauduit International, Inc.(U.S.),and Trioplast Industrier AB (Sweden) among others.

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Regional Analysis

The Breathable Films Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, the Asia Pacific region holds a major share of the market due to growing consumption of Breathable Films in hygiene, medical, food packaging, and others.

The medical segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as adhesion, light-weight, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.

The North American region is growing significantly due to growing demand for polyethylene breathable films in food packaging, sports and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Humectants Market Research Report by Application, Type, Key Players, Manufacturers, Regions, Forecast To 2024

Market Highlights

Humectants are organic compounds that help in retaining moisture. The global humectants market is expected to garner a revenue of USD 26 billion by 2024 and register a CAGR of 7% during the forecast period of 2019 to 2024. Market players are expected to witness several lucrative opportunities in the coming years owing to the multi-functionality of humectants and humectant products. Apart from retaining moisture, humectants are also used to impart sweetness in food & beverages, increase product shelf life, render a soft texture to products, and function as an antistatic coating for plastics.

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The increasing demand for natural food ingredients and food products is expected to result in profitable opportunities for market players offering natural humectants. Advancements in food processing technology have enabled the successful use of functional food ingredients such as sugar alcohols, which is paving the way for players active in the global humectants market.

The global humectants market has been segmented based on type, source, and application.

Based on type, the global humectants market has been divided into glycols, glycerol, sugar alcohols, polysaccharides and alpha hydroxy acids (AHAs), and others. The sugar alcohols segment is expected to gain the largest revenue share and exhibit the highest growth rate during the forecast period. This can be attributed to the high efficiency of sugar alcohols such as glycerol, sorbitol, xylitol, and maltitol. Additionally, sugar alcohols or sugar polyols are used in diverse applications including animal feed, pharmaceuticals, nutraceuticals, food & beverages, and cosmetics.

Regional Analysis

The global Humectants Market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

Europe is projected to dominate the global humectants market owing to the presence of prominent manufacturers in the region. In addition, the growing personal care and animal feed industry in the region is driving the growth of the European humectants market. However, changing consumer preferences, growth of application industries, and increasing demand for low-calorie food are expected to drive the growth of the market in Asia-Pacific, which is expected to register the highest CAGR during the forecast period.

Key Players

Some of the key players in the global humectants market are DowDuPont (US), BASF SE (Germany), Sweeteners Plus Inc. (US), Cargill, Incorporated (US), Ingredion Incorporated (US), Barentz (Netherlands), Brenntag AG (Germany), Archer Daniels Midland Company (US), Roquette Frères (France), Galactic S.A. (Belgium), Batory Foods (US), Fooding Group Limited (China), Lianyungang Dongtai Food Ingredients Co., Ltd (China), Nutra Food Ingredients LLC (US), and Ashland Global Holdings Inc. (US).

Key Developments

  • In January 2019, Ashland Global Holdings Inc. appointed Barentz as its distributor of personal care ingredients which include humectants. The partnership was aimed at expanding Ashland Global Holdings Inc.’s footprint in Germany and Austria.
  • In October 2018, DuPont Tate & Lyle Bio Products Company, LLC, a joint venture between DowDuPont and Tate & Lyle, opened a new warehouse and distribution channel in Loudon, Tennessee (US), to cater the increasing demand for preservatives and humectants Susterra and Zemea propanediol.

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Intraoperative imaging Market worth USD 2.28 billion by 2023

Intraoperative imaging Market size, share, Growth analysis

The world intraoperative imaging market size was worth at USD 1.77 billion in 2018 and estimated to growing at a CAGR of 5.15%, to reach USD 2.28 billion by 2023.

Intraoperative imaging Market Overview:

The world intraoperative imaging market size was expected at USD 1.77 billion in 2018. Minimally invasive surgery has several advantages over traditional surgeries such as smaller incisions, shorter hospital stays, quick wound healing, less pain, and minimum surgical wounds. Minimally invasive surgery combined with intraoperative imaging provides real-time imaging and makes sure that surgeons are treating the precise areas they need to. 

Intraoperative imaging Market drivers and restraints:

The world intraoperative imaging market is growing steadily. Major drivers that project the growth of intraoperative imaging market are specified significance in critical surgeries. Furthermore, it is becoming broadly accepted in various fields of medical sciences due to technological advancements and high precision. Nevertheless, need for strengthening the operating rooms by excluding any metal objects for use of the equipment is mandatory. This is majorly done to avoid the involvement of the metal objects with the magnetic field of the intraoperative imaging systems.

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Report segmented as:

By product:

  • Mobile C-arms
  • CT
  • Intraoperative Ultrasound

By application:

  • Neurosurgery
  • Orthopedic
  • Trauma
  • Spine Surgery
  • Cardiovascular
  • ENT
  • Gastro
  • Maxillofacial

By end user:

  • Hospitals
  • ASC
  • Clinics

Geographical analysis of Intraoperative imaging market:

Geographically, the intraoperative imaging market is segregated into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a major market for the global intraoperative imaging systems. Asia Pacific region is expected to show highest growth rate throughout the forecast period due to rising awareness about advanced surgical treatments and developing healthcare infrastructure in Asian countries such as China, India, and Indonesia. North America was followed by Europe that accounted for remarkable share of the overall market in 2016. Rising demand for innovative medical devices for surgeries and presence of dominating manufacturers mainly in Germany, UK, France, Switzerland, and Italy coupled with well-developed healthcare infrastructure are expected to remain major driving factors for the market.

Important key players of Intraoperative imaging market:

Major players in the world intraoperative imaging market include GE Healthcare, Siemens Healthcare GmbH, Koninklijke Philips, Medtronic, Hitachi Medical Systems, Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and NeuroLogica Corp. 

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Refurbished medical devices Market Size Growth Report 2023

Market Overview:

Refurbished medical devices market was valued $8.61 billion in 2018 and expected to be growing at a CAGR of 12.5% to reach 15.52 billion by 2023. Buying refurbished medical instrument is turning into a pretty possibility for many of the hospitals and diagnostic centers. Nowadays most of the diagnostic, therapeutic, and patient observing medical instruments like AEDs, defibrillators, ECGs, vital sign monitors, pulse oximeters, spirometers, ventilators, IV pumps, and respiratory devices can be attained as a refurbished instrument at a reduced price.

Market drivers and restraints:

The world refurbished equipment market is estimated to witness high growth throughout the forecast period owing to an outsized patient population base suffering from chronic diseases like cancer and cardiovascular diseases globally and rising demand for low-price medical equipment due to budget constraints in developing nations. In addition to that, the factors like an increasing number of private hospitals that buy refurbished devices because of the budget constraints and elevating initiatives taken by the leading medical device makers to determine refurbished facilities in developed and developing countries have boosted the demand for refurbished equipment.

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Report segmented as:

By Type:

  • Operating room equipment & surgical equipment
  • Patient monitors
  • Defibrillators
  • Medical imaging equipment
  • Cardiovascular & cardiology equipment
  • X-ray machines
  • Neurology equipment
  • Endoscopy equipment
  • Intensive care systems
  • Neonatal intensive care systems
  • IV therapy systems
  • Other equipment

Geographical analysis:

The market is segmented based on four geographical regions that include North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa. North America dominates the refurbished medical instrument market because of the rising trend of medical tourism and developing privatization of the healthcare segment in this region. The Asia Pacific is estimated to show high growth due to growing provision from government and effective compensation policies within this region.

Important market players:

The global refurbished medical devices market is very competitive and consists of a range of major players. Companies, like Agito medical A/S, Avante Health Solutions, Block Imaging International, Inc., Everx Pvt Ltd., GE Healthcare, Integrity Medical systems Inc., Koninklijke Philips N.V., Radio Oncology Systems Inc., Siemens Healthcare Systems, and Soma Technology, among others, hold substantial market shares within the refurbished medical devices market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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