Plant Breeding Market Worth $33.79 million by 2029

 

According to a new market research report titled, ‘Plant Breeding Market, by Method (Conventional, Biotechnological), Trait (Herbicide Tolerance, Disease Resistance), Application (Cereals and Grains, Oilseed & Pulses, Fruits and Vegetables), Geography–Global Forecast to 2029,’ the plant breeding market is projected to reach $33.79 million by 2029, at a CAGR of 14.1% from 2022 to 2029.

 

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Plant breeding techniques are used by cultivators to develop or improve the crop variety and to increase its yield by manipulating the plant genome using conservatory or molecular tools to get the desired gene or trait. Plant breeding techniques use site-directed nucleases to transform or target the DNA into desired DNA with extreme perfection. The crops produced by plant breeding produce higher yields and have better disease resistance. Plant breeding techniques are increasingly being adopted to enable sustainable crop production.

 

The plant breeding market is segmented based on method (conventional breeding method [hybridization {pedigree method, bulk method, and other hybridization methods}, selection {mass selection, pure line selection}, mutation breeding], biotechnological breeding method [hybrid breeding, molecular breeding, genetic engineering, and genome editing]), by trait (herbicides tolerance, disease resistance, temperature tolerance, drought resistance, and other traits), by application (cereals & grains [maize/corn, wheat, rice, and other cereals & grains], fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crop types), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The study also evaluates industry competitors and analyses the market at the country level.

 

The Impact of COVID-19 on the Plant Breeding Market

 

The COVID-19 pandemic had adverse effects on the global economy as it impacted the production of various products. The constraints on transportation & logistics caused by the COVID-19 pandemic negatively impacted the plant breeding market. The prolonged duration of lockdowns, mainly in Asian and Latin American countries, disrupted the supply and demand chain, affecting the supply of plant breeding products.

 

Furthermore, the restrictions on movements made it difficult for manufacturers to distribute their plant-breeding agricultural products to farmers, making it difficult for farmers to produce crops. The restrictions on trading and supply of products also impacted the supply chain of global manufacturers, such as Bayer AG (Germany) and Syngenta AG (Switzerland), mainly in Asia-Pacific and Latin America. Thus, during the COVID-19 pandemic, Asian and Latin American countries experienced a decline in the plant breeding market’s growth.

 

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When the COVID-19 outbreak was at its peak, farmers incurred huge losses as there was a significant decline in crop production due to restrictions on movement. Thus, there has been a rising demand for new variety crops that offer higher yields among farmers. Most farmers are also becoming aware of the benefits offered by the crops produced from plant breeding. Furthermore, there has been a significant increase in government support to promote the adoption of plant breeding techniques. Thus, governments in developing countries have set up seed banks at the national and village levels to store seeds that have been properly treated with seed treatment chemicals to prevent seed rotting.

 

Key Findings in the Plant Breeding Market Study:

 

Based on method, in 2022, the biotechnological breeding method segment is expected to account for the larger share of the plant breeding market. The large market share of this segment is attributed to the rising adoption of hybrid and molecular breeding techniques and the increase in the cultivation of GM crops worldwide. Furthermore, the growing demand for crop genetics and the declining costs of genetic procedures in the past decade drive the demand for genetic engineering and genome editing worldwide.

 

Based on traits, in 2022, the herbicide tolerance segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the stringent regulations regarding the use of chemical pesticides and the rising instances of pest attacks during the early germination phase, resulting in an increased need for pesticide-tolerant seeds. Generally, herbicide tolerance has been one of the major traits targeted by plant genetic companies for transgenic and non-transgenic crops. Furthermore, this segment is also slated to register the highest CAGR during the forecast period of 2020–2029. The growth of this segment is attributed to the increasing initiatives by major plant genetic companies to develop herbicide tolerance traits for transgenic and non-transgenic crops. For instance, the Non-transgenic Clearfield herbicide tolerance technology, developed by BASF SE (Germany) and Syngenta AG (Switzerland), is recognized as a groundbreaking innovation in hybrid breeding technology.

 

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Based on application, in 2022, the cereals & grains segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the increasing demand for cereals & grains from the growing population. Furthermore, the availability of germplasm for these crops encourages the adoption of advanced techniques for crop breeding. The economic importance of corn due to its application in various sectors and the increasing demand for high-quality wheat & rice in the food sector are factors driving the adoption of hybrid breeding technologies among cereals and grain seed producers.

 

Based on geography, the plant breeding market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the plant breeding market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America’s major market share is attributed to the presence of key market players, the increasing investments in R&D activities, and the wide availability of diagnostic imaging laboratories. Furthermore, the adoption rate of genetic modification techniques in the U.S. is high due to the growing industrial value of corn & soybean, encouraging breeders to adopt advanced technologies for better yield. In addition, the large areas under corn & wheat cultivation and the growing demand for GM corn & wheat varieties are driving the growth of the plant breeding market in the U.S.

 

Some of the key players operating in the plant breeding market report are Bayer AG (Germany), Syngenta AG (Switzerland), KWS Group (Germany), Corteva Agriscience (U.S.), Limagrain (France), BASF SE (Germany), DLF Seeds A/S (Denmark), Bioceres Crop Solutions (Argentina), UPL Limited (India), Benson Hill, Inc. (U.S.), Equinom Ltd. (Israel), BioConsortia, Inc. (U.S.), Hudson River Biotechnology (Netherlands), among others.

 

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5G Infrastructure Market to be Worth $150.9 Billion by 2030

 

5G Infrastructure Market to be Worth $150.9 Billion by 2030

According to a new market research report titled, ‘5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), and Spectrum - Global Forecast to 2030,’ the 5G infrastructure market is expected to reach $150.9 billion by 2030, at a CAGR of 34.8% during the forecast period of 2023 to 2030.

5G infrastructure consists of a network of small-cell and macrocell base stations with a combination of Radio Access Network (RAN), core network, and backhaul & transport. It is an evolution from the current 4G LTE networks to the fifth-generation cellular networks. The demand for 5G infrastructure is increasing worldwide as it provides higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and a uniform user experience.

 

The 5G infrastructure market is driven by the increasing demand for M2M connections across the industrial sector and government investments in the 5G network. Furthermore, the execution of multiple smart city projects worldwide is expected to offer significant growth opportunities for the 5G infrastructure market. Additionally, the rapid adoption of cloud computing across SMEs and the growth of IoT technology are major trends in the 5G infrastructure market.

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Based on component, in 2023, the hardware segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the rapid deployment of 5G RAN with small cell base stations and the increasing implementation of virtual RAN among network service providers to reduce network complexities. The hardware segment is also expected to register the highest CAGR over the forecast period.

 

Based on network architecture, in 2023, the 5G NR Non-standalone (NSA) segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the rising need for higher data transfer speeds to provide reliable communication to wireless devices. However, the 5G NR Standalone (SA) segment is projected to register the highest CAGR over the forecast period.

 

Based on spectrum, in 2023, the 2 GHz to 6 GHz segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the increasing investments of communication service providers to offer a mid-band spectrum. Also, the spectrum segment is expected to grow at the highest CAGR over the forecast period.

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Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the global 5G infrastructure market. The growth of this regional market is attributed to supportive government initiatives, the presence of prominent players offering 5G infrastructure in the region, and the growing adoption of advanced technologies such as IoT and M2M communication. Additionally, the infrastructural growth in APAC, especially in China, South Korea and Japan, and the increasing investments in 5G network technology and smart cities initiatives in developed and developing countries offer significant opportunities for the 5G infrastructure market’s growth. This regional market is also slated to register the highest CAGR during the forecast period.

 

Some of the key players operating in the 5G infrastructure market are Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).

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Digital X-ray Systems Market to be Worth $8.12 Billion by 2030

 

According to a new market research report, ‘Digital X-ray Systems Market by Portability {Fixed (Ceiling, Floor), Portable (Mobile, Handheld)}, Technology (Computed, Direct), Application (Orthopaedic, Dental, Cardiovascular, Mammography), End User (Hospital, Imaging Center) - Global Forecast to 2030’ published by Meticulous Research®, the digital X-ray market is projected to reach $8.12 billion by 2030, at a CAGR of 7.8% from 2023 to 2030.

 

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Digital X-ray is the advanced form of X-ray where a digital radiographic image is produced directly on a computer. The X-ray sensitive plate is used to directly capture the data during the examination of patients. These have high resolution and, hence, provide better and clearer images. The technological advancements in these devices make them more efficient and accurate for various applications.

 

The growth of this market is driven by the rising geriatric population coupled with the burden of chronic diseases, increasing adoption of teleradiology, technological advancements in digital X-ray systems, and growing preference for digital X-ray systems over conventional systems. Additionally, emerging economies and the implementation of Artificial Intelligence (AI) in digital X-ray systems are creating opportunities for market growth.

 

The key players profiled in this market study are Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), Canon Inc. (Japan), Shimadzu Corporation (Japan), FUJIFILM Holdings America Corporation (U.S.), Carestream Health, Inc. (U.S.), Agfa-Gevaert NV (Belgium), Hologic, Inc. (U.S.), Hitachi, Ltd. (Japan), and Samsung Medison Co., Ltd. (South Korea).

 

Artificial Intelligence (AI) in Digital X-ray Systems to Positively Impact the Digital X-ray Systems Market Growth

 

X-ray is often used as an entry-level modality for diagnosing patients, producing large volumes of images. These systems are equipped with Artificial Intelligence (AI) for efficient analysis of images. A large database of radiography images is created, and with the help of AI-powered recognition algorithms, radiologists can analyze irregular readings. AI recognition will search and map images to help identify pathologies and display a heat map of potential issues. Internal defects, inclusions, or geometries can also be tested, and this process is reduced from several days to a few hours. During the COVID-19 pandemic, there was an increased adoption of AI platforms. These AI-driven platforms helped early intervention through rapid screening of COVID-19 with the help of chest X-ray interpretation.

 

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Market players are focusing on developing AI platforms for their benefit in data screening. For instance, in June 2022, MinXray, Inc. (U.S.) enhanced the digital radiography systems with the AI solution. The AI software can detect and localize 30 chest X-ray abnormalities, including TB and COVID-19 infections. In January 2020, Nano-X Imaging LTD. (Israel) secured $26 million in funding for the development, commercialization, and deployment of its Nanox System. The Nanox system is a digital X-ray device consisting of Nanox.Cloud software that provides an end-to-end medical imaging service based on AI analysis. Hence, with digitization, implementing AI in these systems will lead to effective analysis using digital X-ray systems.

 

The digital X-ray systems market is segmented by product type {fixed digital X-ray systems (ceiling mounted, floor mounted), portable digital X-ray systems (mobile, handheld), detectors, software}, technology (direct radiography, computed radiography), application (orthopedics and trauma care, mammography, dental, cardiovascular diseases, other applications), end user (hospitals & clinics, diagnostic imaging centers, other end users), and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

 

Based on product type, in 2023, the fixed digital X-ray systems segment is expected to account for the largest share of the digital X-ray systems market. These systems are widely used in hospitals and diagnostic centers. With the rising number of hospitals and diagnostic imaging centers, the adoption of fixed digital X-ray systems has increased, further contributing to the segment’s large market share. However, the portable digital X-ray systems segment is projected to register the highest CAGR during the forecast period. The benefits of portable systems, such as flexibility to be used around the hospitals and at point-of-care and the innovations taking place in the systems to make them more effective for use, contribute to this segment's growth.

 

Based on technology, the direct radiography segment is expected to account for the largest share of the digital X-ray systems market. Factors such as increased efficiency in the workflow, less radiation exposure, better image quality, and can easily be integrated with existing technology or systems contribute to the segment’s largest share.

 

Based on application, in 2023, the orthopedics and trauma care segment is expected to account for the largest share of the digital X-ray systems market. The large market share of this segment is attributed to the increased prevalence of orthopedic disorders such as osteoporosis, rheumatoid arthritis, and bone injuries. Digital X-ray devices are mainly used for the initial screening level for these disorders to plan further treatment. Also, post-surgery, an X-ray is done for the recovery study of the patients.

 

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Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the digital X-ray systems market. Hospitals & clinics perform a wide range of diagnoses and surgeries, which include the use of X-rays. The increased hospitalizations due to the rising incidence of diseases, the rise in the geriatric population, and the increase in the number of healthcare settings boost the growth of this segment. However, the diagnostic imaging centers segment is projected to register the highest CAGR during the forecast period. The high cost of hospitals’ outpatient departments, the increasing number of diagnostic centers, and the growing patient population contribute to the growth of the market.

 

Based on geography, in 2023, North America is expected to account for the largest share of the global digital X-ray systems market, followed by Europe and Asia-Pacific. Higher adoption of technologically advanced products in the U.S. and Canada, government initiatives toward improving healthcare infrastructure, and increased demand for better imaging modalities such as digital X-ray systems contribute to the largest segment of the region. However, Asia Pacific is projected to register the highest CAGR during the forecast period. The rapid growth of this market is mainly driven by the improvements in the healthcare infrastructure in the region, the gradually rising need for advanced imaging modalities, the high burden of the aging population, and the increasing prevalence of chronic diseases and injuries are some of the factors contributing to the growth of the market in this region.

 

The report also includes an extensive assessment of the product portfolio, geographic analysis, and key strategic developments adopted by leading market players in the last three to four years. In recent years, the digital X-ray systems market has witnessed several organic and inorganic strategic developments.

 

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Automotive Lubricants Market to be Worth $114.2 Billion by 2030

 

According to a new market research report titled, ‘Automotive Lubricants Market by Product Type (Engine Oil, Transmission & Hydraulic Fluids, Gear Oil, Grease, Chain Oil, Brake Fluids), Vehicle Type, Composition, Sales Channel, and Geography - Global Forecast to 2030,’ the automotive lubricants market is projected to reach $114.2 billion by 2030, at a CAGR of 7.8% during the forecast period.

 

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Automotive lubricants are used to reduce friction between surfaces and contact, such as road and vehicle, which protects the automotive parts, increasing vehicle performance. The growth of this market is attributed to the rapid development of transportation infrastructure and the increasing adoption of high-performance and sustainable lubricants. In addition, the significant opportunities from emerging economies, increasing production of vehicles across the globe, and the increasing demand for environment-friendly lubricants are expected to offer significant opportunities for the growth of this market.

 

However, innovations in vehicle technologies and the volatile nature of the prices of raw materials hamper the growth of this market. In addition, the increasing need for producing compatible lubricants for EVs & hydrogen fuel cell engines and the volatile pricing of automotive lubricants are major challenges to the growth of this market.

 

The automotive lubricants market is segmented by product type (engine oil, transmission & hydraulic fluids, gear oil, grease, chain oil, brake fluids), vehicle type (internal combustion engine vehicles, electric vehicles, natural gas engines, hydrogen-powered vehicles), composition (mineral oil lubricants, fully synthetic oil lubricants, semi-synthetic oil lubricants), sales channel (original equipment manufacturers, aftermarket), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

 

Rapid Development of Transportation Infrastructure Supports the Growth of the Automotive Lubricants Market

 

Globally, there is rapid development in transportation infrastructure. Improving infrastructure with well-connected roads and highways would further rise the demand for automobile industries. Automotive lubricants are directly correlated with vehicle population growth and automobile sales. A large number of vehicles present in urban and rural areas are growing huge potential for auto players. This growing demand from the automobile industry is expected to drive the growth of the automotive lubricants market during the forecast period.

 

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The government of India has made significant investments in road transportation infrastructure. For instance, in November 2022, according to the Union Budget of India, the Government allocated USD 26.04 billion to the Ministry of Road Transport and Highways for the construction of national highways. Also, in December 2022, the Indian Ministry of Road Transport and Highways constructed national highways extending 5,835 km. Road transportation has gradually increased over the years, improving connectivity between countries. The sale of automobiles and the movement of freight by roads is growing rapidly. This growth in the automobile industry is driving the demand for automotive lubricants globally.

 

Based on product type, the automotive lubricants market is segmented into engine oil, transmission & hydraulic fluids, gear oil, grease, chain oil, brake fluids, and other products. In 2023, the engine oil segment is expected to account for the largest share of the global automotive lubricants market. The large share of this segment is attributed to the rapid development of transportation infrastructure, the growing production of vehicles across the globe, rising consumer awareness regarding the use of oil, and huge demand from the automobile aftermarket segment. Engine oil primarily benefits vehicle owners by preventing costly repairs, ensuring a longer engine lifespan, maintaining proper engine operation, and reducing fuel consumption and carbon emissions. However, the grease segment is projected to register the highest CAGR during the forecast period.

 

Based on vehicle type, the automotive lubricants market is segmented into internal combustion engine vehicles, electric vehicles, natural gas engines, and hydrogen-powered vehicles. In 2023, the internal combustion engine vehicles segment is expected to account for the largest share of the automotive lubricants market. The large market share of this segment is attributed to the technological developments in terms of efficiency and performance to boost the product demand for higher-performing IC engines, stringent government regulations related to emissions, and the consistently rising demand to accelerate the growth of high-performance IC engines. However, the electric vehicles segment is projected to register the highest CAGR during the forecast period.

 

Based on composition, the automotive lubricants market is segmented into mineral oil lubricants, fully synthetic oil lubricants, and semi-synthetic lubricants. In 2023, the fully synthetic oil lubricants segment is expected to account for the largest share of the automotive lubricants market. The large market share of this segment is attributed to the advantages of high-performance and advanced engines, low overall viscosity and reduced friction in the fluid, their ability to provide high-quality lubrication, and the growing need for better fuel economy and reduced vehicle emissions. In addition, this segment is also projected to register the highest CAGR during the forecast period.

 

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Based on sales channel, the automotive lubricants market is segmented into original equipment manufacturers and aftermarket. In 2023, the aftermarket segment is expected to account for the largest share of the automotive lubricants market. The large market share of this segment is attributed to the increasing need for car ownership, especially in emerging economies, a huge customer base, stringent government regulations related to CO2 emission, and rising consumer awareness regarding the use of lubricants to maintain vehicle efficiency and achieve better fuel economy. In addition, this segment is also projected to register the highest CAGR during the forecast period.

 

Based on geography, the automotive lubricants market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the market. The large share of this market is attributed to the rapid growth in the automotive industry & abundant availability of raw materials in the region, the growing transportation industry, stringent regulations on CO2 emissions, and the government initiatives to promote the automotive industry. In addition, this region is also projected to register the highest CAGR during the forecast period.

 

Some of the major players operating in this market are Shell International B.V. (Subsidiary of Shell Plc) (Netherlands), Exxon Mobil Corporation (U.S.), FUCHS PETROLUB SE (Germany), Motul (France), Phillips 66 Company (U.S.), Repsol, S.A. (Spain), SK Enmove Co., Ltd. (South Korea), China National Petroleum Corporation (China), Klüber Lubrication München Se & Co. KG (Subsidiary of Freudenberg Group) (Germany), Amsoil Inc. (U.S.), Petróleo Brasileiro S.A. — Petrobras (Brazil), Valvoline Inc. (U.S.), Sinopec India (China), Chevron Corporation (U.S.), BP P.L.C. (U.K.), and Castrol  Limited (U.K.).

 

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Surgical Sutures Market to be Worth $4.42 Billion by 2030

 According to a new market research report titled, ‘Surgical Sutures Market by Type [Absorbable {Polyglactin, Polydioxanone, Poliglecaprone, Collagen} Nonabsorbable {Polypropylene, Nylon, Silk}] Structure [Monofilament, Multifilament] Coating [Uncoated, Antimicrobial] Application - Global Forecast to 2030,’ published by Meticulous Research®, the surgical sutures market is projected to reach $4.42 billion by 2030, at a CAGR of 4.1% from 2023 to 2030.

 

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Surgical sutures are medical devices used for deep wound closure. It helps to hold the body tissues after any surgery or injury. Various types of sutures are available based on shape, size, and thread material, as well as the characteristics of the needle. Surgical sutures should be examined by the location and characteristics of the wound or the specific body tissues.

 

The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry in the last three to four years. The global surgical sutures market has witnessed several strategic developments in the past few years.

 

Advancements in sutures and wound closure technologies and the increasing number of surgical practices are driving the growth of this market. In addition, growing healthcare infrastructure in developing countries will likely offer better growth opportunities for market expansion. However, the availability of alternative wound care products and the increasing popularity of minimally invasive surgeries is expected to restrain the market's growth to some extent.

 

Enhancing Healthcare Infrastructure in Developing Countries to Offer Opportunities for Surgical Sutures Market Growth

 

Surgical sutures manufacturers have the opportunity to expand into new markets, such as developing countries with growing healthcare infrastructures. These markets may offer significant growth opportunities for surgical sutures, particularly as the demand for surgical procedures increases. The demand for healthcare services is growing globally, especially in developing countries, due to rising healthcare expenditure and growing healthcare infrastructure.

 

Developing countries in Asia and Latin America offer high growth opportunities due to the aging population suffering from non-communicable diseases and growing income level and spending on healthcare. Additionally, governments of various developing nations are taking initiatives to improve healthcare infrastructure. Countries such as China, Japan, and South Korea are investing heavily in their healthcare systems, leading to increased surgical procedures and the adoption of advanced sutures for deep wound closure.

 

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The surgical sutures market is segmented by Type [Absorbable Sutures {Synthetic Sutures (Polyglactin 910 (Vicryl), Poliglecaprone 25 (MONOCRYL), Polydioxanone (PDS), Polyglycolic Acid), Natural Sutures (Collagen Fiber Suture), Other Absorbable Sutures}, Nonabsorbable Sutures {Synthetic Sutures (ETHIBOND EXCEL Polyester Suture, Polypropylene (Prolene)), Natural Sutures (Nylon (polyamide), Silk, Stainless Steel), Other Nonabsorbable Sutures}, Structure [Monofilament Sutures, Multifilament/Braided Sutures], Coating Type [Uncoated Sutures, Antimicrobial Sutures], Application [Cardiovascular Surgery, Orthopedic Surgery, Neurosurgery, Gynecological Surgery, Cosmetic & Plastic Surgery, Ophthalmic Surgery, General Surgery, Other Applications], End User (Hospitals/Clinics, Ambulatory Surgical Centers, Other End Users], and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

 

Based on type, the surgical sutures market is segmented into absorbable sutures and nonabsorbable sutures. The absorbable sutures segment is expected to account for the largest share of the market in 2023. Absorbable sutures are made of material that can dissolve into the body over time and are used to rapidly close surgical incisions or wounds. They don’t need any removal after wound healing. The rise in accident cases and the prevalence of surgeries boosted surgical procedures and wound care management, contributing to the high demand for absorbable sutures.

 

Based on structure, in 2023, the multifilament/braided sutures segment is expected to account for the largest share of the surgical sutures market. The large market share of this segment is attributed to its greater tensile strength, high resistance value, better flexibility, and pliability. These types of sutures are easy to handle, and they tie well. However, the monofilament sutures segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by its ability to lower infection risk, offer resistance to microorganisms, and reduce tissue trauma. They are more appropriate with fine tissues where tissue trauma can be prominent such as blood vessels.

 

Based on the coating type, the antimicrobial sutures segment is projected to register the highest CAGR during the forecast period. Antimicrobial sutures are coated with an antimicrobial material. They are used to repair incisions or cuts and heal them rapidly. Antimicrobial-coated sutures are used to reduce or prevent any suture-related infections. The minimally invasive nature of these sutures and the growing number of surgeries drive the growth of this segment.

 

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Based on application, in 2023, the surgical sutures market is segmented into cardiovascular surgery, orthopedic, neurosurgery, gynecological surgery, cosmetic & plastic surgery, ophthalmic surgery, general surgery, and other applications. The Orthopedic surgery segment is expected to account for the largest share of the surgical sutures market. The large market share of this segment is attributed to the growing incidence of knee arthroplasty and hip replacement surgeries among the geriatric population and the rising prevalence of accident cases and sports injuries.

 

Based on end user, in 2023, the hospitals/clinics segment is expected to account for the largest share of the surgical sutures market. The large market share of this segment is attributed to a rise in surgical procedures and frequent doctor visits for wound closure.

 

Based on geography, the surgical sutures market is segmented into North America, Europe, Asia-pacific, Latin America, and Middle East & Africa. In 2023, North America is expected to account for the largest share of the surgical sutures market. The key factors contributing to this large market share are the high burden of the geriatric population, advanced healthcare infrastructure, the increasing number of surgeries, and the presence of key market players. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this segment is primarily due to the aging population and increasing prevalence of chronic diseases requiring surgical procedures, improving healthcare infrastructure, accelerated growth of economies and increasing disposable incomes, and growing medical tourism industry.

 

Some of the key players operating in the global surgical sutures market are Ethicon, Inc. (U.S.) (A subsidiary of Johnson & Johnson Services, Inc.), B. Braun SE (Germany), Medtronic (Ireland), Smith & Nephew plc (U.K.), Surgical Specialties Corporation (U.S.), CONMED Corporation (U.S.), Mellon Medical B.V. (Netherlands), DemeTECH Corporation (U.S.), Apollo Endosurgery, Inc. (U.S.), Teleflex Incorporated (U.S.), Kono Seisakusho Co.,Ltd. (Japan), Zimmer Biomet Holdings (U.S.), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Advanced MedTech Solutions Pvt. Ltd. (India), and Peters Surgical (India).

 

TOP 10 COMPANIES IN SURGICAL SUTURES MARKET

E-commerce Market to be Worth $21,168.6 Billion by 2030

 According to a new market research report titled, ‘‘E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, offering (Beauty & Fashion, Food & Beverage, Electronic, Household) - Global Forecast to 2030,’ the E-commerce market is projected to reach $21,168.6 billion by 2030, at a CAGR of 16.9% during the forecast period 2023–2030.

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E-commerce is not a new term for consumers across the world. E-commerce enables businesses to reach a wider customer base, including customers in different geographical locations, which can lead to increased sales and revenue. Shopping from home, discounts and offers extended by brands and E-commerce platforms, and multiple payment options have helped the E-commerce market. E-commerce provides numerous benefits to businesses, including increased reach, lower operating costs, 24/7 availability, personalization, faster transactions, data analytics, and increased efficiency. These benefits can result in increased sales and revenue, improved customer satisfaction and loyalty, and a competitive advantage in the marketplace.

 

However, during the COVID-19 pandemic, many market players were not ready to deliver under such tremendous pressure, affecting the overall market growth. In this research, all recent dynamics associated with E-commerce were thoroughly analysed to precisely estimate the future of the E-commerce market. This study also includes profiling key E-commerce stakeholders and segmenting them based on their market standing.

 

Based on business model, in 2023, the horizontal E-commerce segment is expected to account for the larger share of the E-commerce market. The horizontal E-commerce model caters to a diverse product category and hence enjoys a large section of consumers and high sales, contributing to the high share of the segment. Horizontal e-commerce platforms often use a marketplace model, where third-party sellers can also list and sell their products on the platform. This allows for even greater product variety and selection, as well as increased competition and potentially lower prices for customers.

 

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However, the vertical E-commerce model is projected to register the highest CAGR during the forecast period. The vertical E-commerce model allows businesses to offer customers a specialized and tailored shopping experience within a specific product category or industry. By focusing on a specific niche, businesses can differentiate themselves from larger, more generalized e-commerce platforms and establish a strong brand identity.

 

Based on browsing medium, in 2023, the desktop/laptop segment is expected to account for the larger share of the E-commerce market. However, the mobile/tablet segment is expected to grow with the fastest growth rate over the forecast period. Mobile devices are becoming increasingly popular for E-commerce, and businesses need to optimize their websites for desktop and mobile platforms to ensure a seamless customer experience. Mobile and tablet devices have significantly impacted E-commerce, providing customers with greater accessibility and convenience, improving user experience, enabling new payment options, location-based services, social media integration, and driving business sales growth.

 

Based on payment mode, in 2023, the card payments segment is expected to account for the largest share of the E-commerce market. However, the digital wallets segment is projected to register the highest CAGR during the forecast period. Digital wallets have significantly impacted E-commerce, providing a convenient, secure, and fast payment method, enabling mobile payments, loyalty programs, and improving the overall user experience for customers. As a result, more and more E-commerce businesses are integrating digital wallet payment options to provide their customers with greater convenience and security.

 

Based on operational channel, in 2023, the omni-channel E-commerce segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the increased customer experience, increased sales, and consumer traffic, boosting customer loyalty, and better data collection for optimum customer and resource management. Also, this segment is projected to register the highest CAGR during the forecast period.

 

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Based on offering, in 2023, the beauty & fashion products segment is expected to account for the largest share of the E-commerce market. The large market share of this segment is attributed to the rapidly changing customer behavior and preference towards online shopping, the high demand for cosmetics and clothing, and the rising popularity of mobile wallets. Besides, the increasing use of smartphones, incorporation of advanced technologies in online platforms, and various beauty & fashion goods available for comparison on E-commerce platforms further augment this segment's growth. Also, this segment is projected to register the highest CAGR during the forecast period. E-commerce has significantly impacted the beauty and fashion industry, providing brands with a global reach, offering a personalized and convenient shopping experience, driving innovation and competition, and providing customers with access to valuable reviews and feedback.

 

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the global E-commerce market. Large consumer groups, growing penetration of smartphones and the Internet, and rising disposable income have helped the region emerge as the largest E-commerce market. Also, this region is projected to register the highest CAGR during the forecast period.

 

Some of the key players operating in the E-commerce market are Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (Jingdong) (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), Zalando SE (Germany), Otto GmbH & Co KG (Germany), Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), Wayfair Inc. (U.S.), Suning.com Co., Ltd. (Suning Commerce Group Co., Ltd.) (China), Best Buy Co., Inc. (U.S.), and Tesco plc (U.K.).

 

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Dental 3D Printing Market to be Worth $13.4 Billion by 2030

 

Meticulous Research®—a leading market research company, published a research report titled, ‘Dental 3D Printing Market by Product (Service, Printer, Scanner), Technology (Polyjet, Fused Deposition Modelling, SLS), Material (Polymers, Metals, Ceramics), Application (Orthodontics, Prosthodontics, Implantology), End User - Global Forecast to 2030.'

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According to this latest publication from Meticulous Research®, the dental 3D printing market is projected to reach $13.4 billion by 2030, at a CAGR of 20.9% from 2023 to 2030. The growth of this market is driven by the increasing adoption of 3D printing in dentistry, technological advancements, and the rising prevalence of dental diseases. In addition, the rising adoption of CAD/CAM technology and increased use of resins for dental 3D printing are offering opportunities for market growth opportunities. However, the high costs of 3D printers are hindering the growth of this market.

 

The dental 3D printing market is segmented by product (services, systems [dental 3d printers, dental 3d scanners], accessories), technology (vat photopolymerization, polyjet technology, fused deposition modeling, selective laser sintering, and other technologies), material (dental polymers [resins, thermoplastics, and other dental polymers], metals, ceramics [zirconia, alumina, and other ceramics], plastics, and other materials), application (prosthodontics, orthodontics, implantology, and other applications), end user (dental laboratories, dental hospitals & clinics, and academic & research institutes), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

 

Based on offering, in 2023, the services segment is expected to account for the largest share of the market. The number of dental 3D printing service providers has increased over the years. Dental 3D printing services provide advantages such as high turnaround time, low cost, high precision, and accuracy in dental practices. The large market share of this segment is attributed to the trend of outsourcing dental designing.

 

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Based on technology, in 2023, the vat photopolymerization segment is expected to account for the largest share of the dental 3D printing market. Vat photopolymerization is a highly preferred dental 3D printing technology that creates dental implants at high speed and high resolution. It is an additive manufacturing technology that is fast, accurate, and used for printing highly customized prototypes. The use of this technology is the highest in dental 3D printing as the manufacturing of dental orthotics, prosthetics, and implants are highly customizable.

 

Based on materials, the dental 3D printing market is segmented into dental polymers, metals, ceramics, plastics, and other materials.  The dental polymer segment is further segmented into resins, thermoplastics, and other dental polymers. The resins segment is projected to register the highest CAGR over the forecast period. The use of dental polymeric resins is growing for replacing and restoring tooth structure. These polymeric resins can bond with other resins such as composite resins and restorative materials like amalgam. The bonding of these resins is used to improve several problems, such as gaps or cracks between teeth, cavities/tooth decay, crooked teeth and discoloration. Hence, the adoption of resins is growing due to their high translucency, high compressive strength, and ease of application.

 

Based on application, the orthodontics segment is projected to register the highest CAGR over the forecast period. The adoption of 3D printing is rapidly growing in orthodontic practices due to the technological advancements in orthodontic devices and subsequent use of 3D printing in orthodontics, supporting the growth of this segment.

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Based on end user, in 2023, the dental laboratories segment is expected to account for the largest share of the dental 3D printing market. The low production costs allow the high adoption of new advanced technologies like additive manufacturing in the dental labs, higher demand for dental framing solutions which can be easily customized or fabricated, supports the large market share of this segment.

 

Based on geography, in 2023, North America is expected to account for the largest share of the dental 3D printing market. The presence of several leading market players, accessibility to cavity/tooth decay treatments, high adoption of 3D printing technologies, and high burden of the aging population in North America with edentulism are the factors supporting the large share of this market.

 

Key Players

The key players profiled in the dental 3D printing market report are 3D Systems Corporation (U.S.), DENTSPLY SIRONA Inc. (U.S.), Stratasys Ltd. (Israel), Straumann Holding Ag  (U.S.), Shandong Huge Dental Materials Corporation (China), Ultradent Products, Inc. (U.S.), SLM Solutions Group AG (Germany), Formlabs Inc. (U.S.), (Desktop Metal, Inc. ) a subsidiary of EnvisionTec Inc. (U.S.), Keystone Industries (U.S.), 3M Company (U.S.), and DWS S.r.l. (Italy).

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Growing Use of CAD/CAM Technology in Dentistry to offer Opportunities for the Dental 3D Printing Market

 

Computer-aided design/computer-aided manufacturing (CAD/CAM) systems are widely used in dentistry, mainly for the fabrication of inlays, crowns, fixed partial dentures, and implant prostheses. The CAD/CAM technology has been applied to the fabrication of complete dentures, offering many advantages to dentists and patients. This reduces the number of appointments and increases the availability of spare dentures as digital data is saved.

 

The dental industry has been using subtractive manufacturing or milling, but it does not consider the internal structure and does not reproduce complex models. However, CAD software, intricate algorithmic designs, and artificial intelligence help in modeling objects to reproduce them as desired. The penetration of this technology is high in large laboratories in developed countries.

 

Technological advancements and the availability of hardware/software alternatives are accelerating the adoption of CAD/CAM systems, and even smaller dental clinics are moving ahead with the adoption. The dental CAD/CAM materials also offer higher quality, user-friendliness, and enhanced aesthetics.

 

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Key questions answered in the report-

 

1.       Which are the high-growth market segments in terms of product, technology, materials, application, end user, and geography?

2.       What was the historical market for dental 3D printing across the globe?

3.       What are the market forecasts and estimates for the period 2023–2030?

4.       What are the major drivers, restraints, opportunities, and challenges in the dental 3D printing market?

5.       Who are the major players in the dental 3D printing market?

6.       How is the competitive landscape, and who are the market leaders in the dental 3D printing market?

7.       What are the recent developments in the dental 3D printing market?

8.       What are the different strategies adopted by the major players in the dental 3D printing market?

9.       What are the geographic trends and high-growth regions/countries?

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