Timing Devices Market Will Reach USD 8,893.2 Million By 2030

In 2023, the worldwide timing devices market yielded revenue of USD 5,518.8 million, and it is forecasted to experience a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. By 2030, it is anticipated to reach a total revenue of USD 8,893.2 million.

This can be credited to the growing attention of people in electric products, like wearable devices, to advance their lifestyles. Timing devices offer such electronic products with signals for conveying data at the exact time. Executing such principles to quartz crystals, MEMSs, and ceramic resonators makes it likely to produce oscillations with stable frequencies.

In 2023, based on type, the oscillators category dominated the market with the largest share, of 40%. Players increasing their portfolio with new and enhanced variants of oscillators. Such devices are made to bring high performance even in risky conditions in aerospace for defense applications, like positioning, navigation, timing, tactical communications, network synchronization, and surveillance.

For example, in November 2022, Renesas Electronics Corporation showcased the VersaClock 7 clock generator which supplied a low power consumption, easy production, and compact size.

Timing devices are utilized in many sectors or several applications like telecommunication, medical & healthcare, military and banking, financial services, and insurance. Consumer electronics dominate the application segment, accounting for the largest share, as timing devices find widespread usage in computers, cell phones, and various other consumer products. In this context, these devices play a crucial role in providing timing signals for data transmission at optimal timing and speed, as well as for synchronization purposes.

In 2023, the North American region had approximately 30% revenue share, and the region is projected to advance at a substantial rate during the projection period. This can be credited to the existence of major market players, the growing need for extremely accurate timing across applications, the rising semiconductor sector, the growing acceptance of IoT, and enhancing timing technologies.

The increasing acceptance of such instruments in enhanced medicinal equipment, telecommunications, BFSI, and vehicles and the ongoing research and development activities are projected to advance the industry development potential.

APAC is projected to be the largest and fastest-rising industry over the projected period. In the APAC region, China is the largest industry because of the existence of several automotive and electronics businesses. Additionally, China and Japan are industrial centers for electric devices and their components, which need timing devices.

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Adaptive Cruise Control Will Reach USD 53.1 Billion By 2030

In 2023, the market for adaptive cruise control is estimated at USD 16.4 billion and will increase to USD 53.1 billion by 2030 with a growth rate of 18.5% over the period 2024 to 2030. This growth of the market can be credited to the rising requirement for autonomous cars due to safety concerns, continuous enhancements in sensor tech, and government rules motivating advanced driver assistance systems are the key market drivers.

Technical developments: The advances in lidar, camera, and radar tech open up the opportunity to grow high-end adaptive cruise control systems at a reasonable price. Such growth will additionally speed up the acceptance of adaptive cruise control in the coming few years.

Increasing government rules: Governments globally understand the vital role of ADAS features in public road safety and accept laws that need or indorse their use on new cars. Such rules are projected to surge the need for adaptive cruise control in the coming few years.

The addition of pioneering tech is a key trend in the sector targeting advancing safety, along with fuelling general system performance. Makers continued to add AI and ML algorithms to permit adaptive cruise control systems to adapt to numerous multifaceted driving patterns. Such growths were aimed at making adaptive cruise control more suitable in numerous road conditions and traffic conditions, contributing to a safer and smoother experience of driving.

On the basis of end-use, the OEMs category, generated the larger revenue share in the market. Probably, it is happening because of the fact that a number of adaptive cruise control systems that are integrated with regular automobile producers (OEMs) reached the market either as a standard or optional feature. 

The inclusion of adaptive cruise control under standard service calls shows its proliferation among car owners. Further, the obligation of the automotive sector to further safety and automation consequentially accords adaptive cruise control with its central place as a shaping force of automation nowadays. One element of progress, which is combined with the expansion of consumer interests, will create the system to accelerate the development of markets.

Based on application, the passenger cars category is the largest contributor to the market. This can be credited to the severe government guidelines to equip vehicles with driver assistance systems to advance vehicle security. Furthermore, the rising vehicle production throughout the globe is also a key factor for the largest share of this category.

North America is the largest contributor to the industry. This can be primarily because of the growing demand for commercials & luxury vehicles and strict government rules imposed to control motor accidents in the continent.

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Particle Counters Market Will Reach USD 1,069.6 Million by 2030

The projected value of the worldwide particle counters market will be approximately USD 549.1 million in 2023, with an anticipated growth to reach USD 1,069.6 million by 2030. This represents a compound annual growth rate (CAGR) of 10.2% over the period from 2024 to 2030.

The growth of end-use sectors, such as automotive, aerospace, energy, and oil & gas, has been eased by supportive funding conditions. Moreover, the growing acceptance of pioneering technologies in the industrial and healthcare industries is driving the industry. 

Additionally, the execution of severe governing strategies to guarantee the best quality of items, particularly food items, is a key reason for helping the particle counters industry expansion.

The particle counters market is expected to experience growth throughout the forecast period, driven by the enforcement of regulations aimed at enhancing air pollution monitoring and management by governmental bodies. Similarly, there is a rising trend of governments imposing stringent regulations to uphold water quality standards. This is a response to the noticeable deterioration in air and water quality, primarily attributed to the increasing levels of industrialization over the years.

In 2023, the airborne category held the larger share, of more than 70%, this can be credited to the substantial usage of airborne particle counters in an extensive variety of sectors, like electronics, pharmaceutical, and biotechnology. Additionally, within this category, portable counters are significantly utilized for air quality tracking. This is mainly because they offer reliable, user-friendly tech for real-time cleanroom particle counting. The confined display of the portable type permits workers to view the count without leaving the cleanroom, which gives an instant warning of the pollution risk. In-depth communication and info organization choices are also built into these systems.

Cleanroom panels are essential in industries where tiny particles can disrupt production processes, regulating factors like temperature, pressure, humidity, and contamination levels. Cleanrooms, which come in various sizes and complexities, are particularly critical in sectors 

like biotechnology and pharmaceuticals, where stringent controls are necessary. 

The quality of the final product is significantly influenced by the cleanroom environment. The widespread use of cleanrooms across industries underscores the importance of monitoring, leading to an increased demand for particle-counting devices to uphold sterility within these facilities.

Hence, the market for particle counters is growing with rapid industrialization and rising water and air pollution.

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APAC Is Dominating Cryogenic Pump Market

In 2021, the cryogenic pump market size stood at USD 1,407.6 million, which is projected to witness a 3.1% CAGR during 2021–2030, reaching USD 1,860.1 million by 2030. 

P&S Intelligence majorly credits this growth to the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector. Along with, the surge in expenditure throughout the energy generation industry armed with the shift toward energy production from renewable and natural gas resources to reduce carbon emission.

The nitrogen category is all set to experience the fastest growth rate of approximately 3%, in the near future. This can be owed to the extensive utilization of nitrogen gas for the maintenance of plants, and start-up and shutdown provisions of refineries and petrochemical companies.

Thus, the increasing utilization of nitrogen gas in numerous industries, including metallurgy, healthcare, and oil and gas, is escalating the acceptance of cryogenic pumps for capturing the gas and its vapor from the base.

The oil and gas sector is the largest utilizer of cryogenic pumps in the industry, owing to the increasing production of natural gas because of its rising demand from the special chemical, petrochemical, fertilizer, and refining industries.

In 2021, APAC cryogenic pump market  was largest revenue generator, with USD 538.2 million, and projected to continue its dominance in the future as well. This can be credited to the rapid urbanization; the growth in industries, including energy & power and metallurgy in Japan, China, and India, and the escalation in the requirement for power across the region. Additionally, in India, the government is preparing to guarantee a 24*7 electricity supply.      

In order to get this target, the country needs to improve its energy generation systems. Therefore, the government is focusing more on natural gas-fired power plants, which, indeed, will grow the demand for cryogenic pumps in the coming few years.

Hence, the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector, the demand for cryogenic pumps will increase in the future.

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Enactment of Strict Emission Regulations Driving Demand for Automotive Elastomers

The automotive elastomers market was USD 34.6 billion in 2023, and it will power at a compound annual growth rate of 5.7% by the end of this decade, to touch a value of USD 50.6 billion in 2030. 

The increasing consciousness of the numerous advantages of these materials, for example, noise and emission reduction, boost in performance, and safety enhancement will power the requirement for them.

Based on type, the thermoset elastomers category is the leader of the industry, and it will also continue like this in the years to come as well. 

The tire category has the largest share, and it will also continue like this in the years to come as well. This would be mostly because of the use of elastomers in tire making to advance the performance considerably. This is mostly because the adding of intermediates reimbursements the chemical structure of rubber by providing reliable seals, elasticity, and toughness.

The APAC automotive elastomers market is the leader of the pack and it will also continue like this in the future. The existence of key players, the availability of raw materials and labor at reduced costs, and the high acceptance of advanced technologies are driving the industry. South Korea, Japan, India, and China are not just the major automotive manufacturers in the region, but at a global level.

It is because of the growing per capita income all over the world, that the demand for automotive elastomers is on the rise. This trend will continue in the years to come as well.

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Gravity Energy Storage Market is Booming Due to Rising Adoption of EVs

The gravity energy storage market will generate USD 217.8 million by the end of 2023, which will power at a considerable rate of 77.9% in the years to come, touching USD 12,231.5 million by 2030. This will be because of the robust emphasis on renewable energy resources, acceptance of EVs require grid stability, and surge in the electricity cost.

The pumped hydro storage category will grow at a rate of 77.7% by the end of this decade. This method is favored attributable to its competence to store and release a huge quantity of power efficiently. 

These systems are extremely effective at balancing the electricity grid by offering fast responses when there is an increase in the demand for power. It is a proven and well-recognized tech for significant energy stowage and electricity generation. Hence, its competence, dependability, and lengthy operational history have made it a prevalent choice for the generation.

North America is the leader of the gravity energy storage market, followed by Europe and APAC, because of the beginning of more than a few gravity energy storage projects, tech readiness, high requirement, and supportive policies. Moreover, the acceptance of these methods is increasing because of a surge in the count of EVs and rise in the consciousness of the paybacks of renewable sources of energy.

It is because of the rise in adoption of electric vehicles al over the world, the demand for gravity energy storage solutions is on the rise. This trend will continue in the years to come as well.

The research offers the size of the gravity energy storage market for the period 2017–2030.

Market Segmentation by Type

• Hydroelectric Dams
• Pumped Hydro Storage
• Others

Market Segmentation by Application

• Electricity Generation
• Grid Stabilization
• Others

Market Segmentation by End Use

• Residential
• Commercial
• Industrial
• Utilities

Market Segmentation by Region

• North America Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – U.S. and Canada
• Europe Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Japan, China, India, South Korea, Australia, and Rest of APAC
• Latin America (LATAM) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA

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Inertial Navigation System Market Will Reach USD 16,111.8 Million by 2030

The inertial navigation system market generated revenue of USD 10,812.8 million in the past, which is expected to reach USD 16,111.8 million by 2030, advancing at a CAGR of 5.1%.

The market for inertial navigation systems is significantly driven by the defense industry. For precise navigation, location, and aiming in several defense applications, such as aircraft, submarines, missiles, and unmanned vehicles, INS technology is essential.

With rising air travel and the development of the aviation business, the commercial aerospace industry is expanding significantly. Aircraft navigation, flight control, and landing systems depend on inertial navigation systems, which drives demand for INS in this industry.

Numerous coastal and undersea applications, such as offshore drilling, underwater exploration, and underwater vehicles, utilize inertial navigation systems. The necessity for precise positioning and navigation in these difficult conditions is what propels the use of INS technology.

Technology development is a key factor in the market growth of inertial navigation systems. Accuracy, dependability, weight, power, size, cost-effectiveness, and other elements of such systems may all be improved, which will help a variety of industries like aerospace, military, and defense, among others. Microelectromechanical systems (MEMS) technical breakthroughs are also contributing to the market's growth. Manufacturers have developed more affordable, compact, low-power, and economical solutions thanks to the use of MEMS.

Additionally, the integration of several sensors, including barometers, magnetometers, and GPS, boosts the system's precision and dependability and results in more precise and secure navigation. Additionally, with the aid of modern MEMS-based sensors, enhanced sensor fusion algorithms, fiber optic gyroscopes, GNSS, and hybrid navigation systems, the competency and performance of inertial navigation systems are improving.

In summary, the inertial navigation systems market is propelled by the defense sector, the growing commercial aircraft industry, coastal and underwater applications, numerous industries needing precise positioning, and technological breakthroughs. The largest increase is anticipated in the Asia-Pacific (APAC) region, driven by the developing aviation sector and rising defense spending in nations like China, India, South Korea, and Japan.

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Optimal Heat Transfer Solutions: Exploring the Plate-and-Frame Heat Exchanger Market

 The size of the plate-and-frame heat exchanger market will power at a compound annual growth rate of 5.7% during 2022-2030, to touch a value of USD 8912.9 million by 2030.

The gasketed-type category held significant share of around 40% owing to the fast technological advancements in many industries. These industries have a requirement for high levels of sanitation which is driving the growth of the industry.

The welded type was the fastest-growing category due to the extensive use of these alternatives in industries, such as HVAC & refrigeration, pharmaceuticals, power generation, pulp & paper, petrochemicals, and oil & gas. Some other factors include, their extraordinary resistance to corrosion, as well as reduced susceptibility to leakages under high pressures and temperatures.

The HVAC and refrigeration accounted for significant share of 50% owing to incessant expansion of construction activities in residential and commercial sectors. 

Further, the HVAC and refrigeration sector benefits from surging use of cutting-edge central air conditioning systems, increasing urbanization rate, growing population and increasing consumer demand for energy-efficient buildings and appliances. 

The plate-and-frame heat exchanger market was dominated by Europe as it accounted for 40% of revenue. It will register a CAGR of 6% in the years to come owing to the increasing product demand from the food & beverages, pulp & paper, power generation, and many other industries. 

Further, the public investments in digital and transportation infrastructure are expected to contribute to economic growth and European region is known for their significant chemical manufacturing and exporting capabilities globally which help in boosting the growth of the industry.

With the surging construction activities, increasing requirement for energy-efficient cooling devices, advancements in the heat exchanger machines industry, the demand for plate-and-frame heat exchanger is on the rise.

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What All to Consider While Choosing a Metal Cleaning Chemical?

Metals are used in high amounts in almost every industry for numerous works, and where there is a use of metals in abundance, it is hard to deny the importance of metal cleaning chemicals. In this blog, you will read about, what all to keep in mind while choosing a metal cleaning chemical.

Choose Chemicals with Non-Corrosive Ingredients

Some metal cleaning chemicals are corrosive to some metals. For instance, cleaners containing sodium hypochlorite readily corrode aluminium and carbon steel, having a bad impact on their surface and fracture strength. Though, this is considered compatible with stainless steel.

Identifying the Right Chemical is Key

There are a number of options, such as vapor degreasing, spray and air dry, hand wiping, and power washing, and many more. Since it is of no good to get hold of a metal cleaning chemical, which are not apt for your use, it is only sensible to get your hands on the chemicals, which can come in handy according to your applications.

Choose Cleaners That are not EPA Regulated

It is only advisable to make use of the chemicals in the process of metal cleaning, that have got the elements, that are pretty safe for the environment. This can be found out by checking that, if the cleansers that are put to use are as per the EPA. Chemicals, which are mentioned on the list are generally not considered that safe for the environment. And, there use in industrial facilities is controlled to the point that it cannot be used in enough amount for metal cleaning.

Cost of a Particular Chemical should be Taken into Consideration

Price is also a deciding factor for the people to choose a chemical for metal cleaning.  Cost of a particular cleaning chemical should always be taken into account. 

Apart from that, what should be considered is that, how it would influence the cost of waste disposal, whether making the use of a certain chemical will need you provide the workers with specialized personal protective equipment, whether a distinct ventilation system will be the need of the hour in the work setting, and whether making the use of a particular chemical would violate emissions caps.  If you are looking for a metal cleaning chemical for a long-term, cost is a major factor, and not be overlooked at any point in time.

Summing Up the Scene

It is because of the increasing manufacturing activities all over the world, and rising number of industries, the demand for metal cleaning chemicals will reach to a value of USD 20,111.7 million by the ned of this decade.

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Sustainable Solutions for Enhanced Performance: Exploring the Recycled Elastomers Market

The recycled elastomers market was USD 8,921.8 million in 2022, and it will touch USD 19,781.2 million, advancing at a 10.5% compound annual growth rate, by 2030.

The growth of the industry is mainly credited to the strict government rules, rising consciousness of recycling benefits, and increasing adoption of elastomers in numerous industries for various purposes.

In 2022, the thermoset category, based on type, accounted for a larger revenue share, of more than 60%, and it will grow at a higher compound annual growth rate to remain larger in the years to come. This is attributed to the fact that thermosets are implemented in numerous industries, for instance, electrical goods, automotive, aerospace, and construction.

Thermosets are implemented in the production of numerous products for instance electrical housings, tires, circuit brakes, cell tower tops, disc brake pistons, and insulators.

In 2022, the automotive category, based on application, held the largest recycled elastomers market revenue share, of more than 30%, and it will remain the largest in the years to come. This is mainly because of the increasing adoption of elastomers in manufacturing components that necessitate tolerance to high-temperature, for instance, engine mounts, tires, gaskets, and bushes.

China led the recycled elastomers industry in APAC. This is because of the increasing population, mounting consumer goods consumption, rising requirement for commercial and passenger vehicles, increased industrial output, and high import and export in the nation. Therefore, the increasing requirement for elastomers is driving companies to implement the approach of recycling to meet the requirement in the country.

In 2022, Europe held a significant share of the industry, approximately 25%, and it will maintain its position in the years to come. This is because of the existence of well-established industries in the region such as medical, consumer goods, and automotive.

Hence, with the increasing consciousness of recycling benefits, mounting adoption of elastomers in numerous industries, and strict government regulation, the recycled elastomers industry will continue to advance in the years to come.

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Textile Finishing Chemicals Market Will Reach USD 11,983.2 Million by 2030

The global textile finishing chemicals market size stood at USD 8,897.2 million in the past, and it is expected to advance at a compound annual growth rate of 3.8%, to reach USD 11,983.2 million by 2030.

Demand for textiles with improved functionality is rising, including moisture management, antimicrobial qualities, fire resistance, and stain resistance. The market demand for these chemicals is driven by the vital role that textile finishing chemicals play in supplying these functions.

Environmental concerns and rising regulatory demands have prompted the creation of environmentally benign and long-lasting textile finishing agents. Customers are seeking textiles with less of an impact on the environment, which is driving the market acceptance of safer and greener finishing chemicals.

New and improved finishing chemicals have been created as a result of developments in textile chemistry and technology. Innovative formulations and application methods are enabling manufacturers to more effectively and efficiently attain desired textile qualities.

Advanced textiles with qualities like heat resistance, chemical resistance, and durability are needed in sectors including automotive, aerospace, and healthcare. The development of this category is fueled by textile finishing chemicals, which are essential in giving technical textiles their qualities.

The market for technical textiles is being completely transformed by finishing chemicals based on nanotechnology. The self-cleaning, UV resistance and anti-static qualities of these nanocoating bring up new possibilities for technical textiles.

Market demand for textiles that are environmentally friendly and sustainable is on the rise. The market for technical textiles is growing for textile finishing chemicals that provide greener alternatives, like water-based and low-VOC formulations.

APAC is one of the dominant regions in the textile finishing chemicals market. 

APAC has a substantial presence in the global textile sector, with India, Bangladesh, and China serving as important centers for the industry. The substantial textile manufacturing industry in the area fuels the demand for textile finishing chemicals.

Several APAC governments have put laws and programs into place to aid the development of the textile sector. These factors, which have a favorable effect on the market for textile finishing chemicals, include incentives for textile producers, research and development initiatives, and infrastructural development.

The rising demand for functional fabrics, environmental concerns, and technical advances are expected to propel the growth of the worldwide textile finishing chemicals market. The market's dominance by APAC is attributable to its robust textile sector, hospitable production environment, and government assistance.

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Acetone Market Will Reach USD 9,590.9 Million by 2030

The acetone market will grow at a compound annual growth rate of 7.4% in the years to come, to touch a value of USD 9,590.9 million by the year 2030.

Acetone is water-white, volatile, combustible, and mixable in water. Due to its high rate of evaporation and excellent usability as a solvent, it is used to dissolve both synthetic and natural oils, gums, waxes, resins, and other additives. It is conspicuously put to use as a solvent in paints, inks, adhesives, and further chemicals.

In the recent past, the increase in the acceptance of skincare and personal care products has driven the expansion of the industry. 2-propanone is widely used as an additive in skin creams, cosmetics, gels, and lotions as it helps avert oil and dirt buildup on the skin. 

Additionally, the continually altering fashion tendencies and significant innovations in cosmetic preparations are contributing to the development of the industry.

In pharmaceuticals, solvents are a main constituent as they are put to use as the medium in which the reaction of chemicals takes place that brings about the formation of APIs. 

Moreover, they are put to use for separation for the anticipated chemical products from the unwelcome ones, thus upholding the level of drug purity.

The acetone market was led by the APAC, with a share of 45%, in 2022, and it will power to grow at a considerable rate in the years to come. This is because of the growth in the (CH3)2CO requirement to produce diverse derivatives for numerous industries. 

Additionally, the advance of the industry is supported by the increasing automobile requirement and production, thriving pharma sector, with the initiatives of the government for boosting local drug production, increasing health outlay, and improving personal care awareness. By the way, the increasing working populace and its snowballing disposable income will boost the use of acetone.

It is because of the increasing expenditure of construction, the demand for acetone will continue to increase in the years to come.

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Vinyl Sulfone Market Growing Significantly in North America

The vinyl sulfone market will advance at a rate of 3.1% by the end of this decade to touch USD 2,711.2 million by 2030.

It is an organic compound used in the manufacturing of reactive dyes. These dyes are mainly put to use in the textile sector for tinting and dyeing of textiles. In emerging countries, the altering procurement behavior of the textile industry is growing the requirement for dye raw materials and intermediates, for example vinyl sulfone.

The increasing income of individuals and the increasing social media use influence them for spending more on apparel for the improvement of their life. Therefore, the requirement for reactive dyes is quickly growing in the budding textile industry. 

APAC dominated the industry with a share, about 40%, in 2022, and this trend will continue in the years to come. This is credited to the rising leather and textile industries mainly in India and China, because of which, the requirement for dyes is widely rising, made from vinyl sulfone. 

Furthermore, the agriculture industry is also increasing the requirement for this chemical since it is extensively accepted for the manufacturing of pesticides. Moreover, the requirement for dyes is on the rise because numerous foreign brands are starting their manufacturing plants in the region and the incidence of numerous local apparel manufacturers 

The North America vinyl sulfone will rise significantly in the years to come. This can because of the attendance of key industry players, the increase in the number of online purchasers of clothes, and the high requirement for organic chemicals for apparel manufacturing. The greatest number of the dye intermediates are put to use by the textile sector, because of the growing requirement for clothes in in the region. 

Because of this compound’s wide usage in the production of reactive dyes, the demand for vinyl sulfone will continue to grow in the future.

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Obesity/Surgery Devices Market Set for Prosperity in Future

The rising prevalence of obesity and increasing awareness about bariatric surgery amongst the obese people are the biggest factors responsible for the surge in the demand for obesity/bariatric surgery devices across the world. According to the statistics published by the American Society for Metabolic and Bariatric Surgery (ASMBS), the total number of bariatric surgeries conducted in the U.S. increased from 158,000 to 196,000 from 2011 to 2015. Due to the growing adoption of these surgeries, the demand for obesity surgery devices will undoubtedly increase in the coming years.

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Several companies across the world are increasingly organizing obesity awareness programs for increasing the public awareness about the various medical treatment and surgery options available for those suffering from obesity. For instance, a non-profit organization in the U.S., called Campaign to End Obesity, regularly conducts programs in order to increase the public awareness about exercise, bariatric surgery, and diet. The American Association of Physicians of Indian Origin (AAPI) started the Childhood Obesity Awareness program in 2013, which has so far significantly increased awareness about bariatric surgeries in the U.S.

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Geographically, the Asia-Pacific (APAC) region, owing to the increasing incidence of obesity and flourishing medical tourism industry, is projected to register the fastest growth in the utilization of obesity/bariatric surgery devices during the forecast period. As per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), elderly people are predicted to account for nearly 20.0% of the total population by 2050, thereby propelling the demand for obesity surgeries in the region. As a result, the obesity/bariatric surgery devices market will boom in the region in future.

Thus, the demand for obesity/bariatric surgery devices will shoot up massively across the world over the next few years, owing to the rising prevalence of obesity and soaring geriatric population.

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