Rising Rates of Industrialization Boosts CUI and SOI Coatings Market

 The CUI and SOI coatings market is estimated to generate USD 1,965.4 million in 2023, which is expected to increase to USD 2,731.8 million by, with a 5.0% CAGR, by 2030.

The progression in this industry is primarily because of the extensive industrialization, advancement in technologies, and strong economic development in both developing and developed nations.

As various sectors evolve or expand, the requirement for CUI and SOI coatings to defend old or new pieces of infrastructure will surge. Industrial development led to more funding for corrosion safety solutions, therefore, boosting the acceptance of these coatings.

Additionally, as industrialization increases, the effort to avoid damage from corrosion that occurs beneath the layer of insulation will rise. Various sectors now consider it essential to adopt active corrosion prevention approaches, to defend themselves against downtime, safety risks, and maintenance, all of which can be expensive.

Furthermore, strict rules as well as guidelines are being implemented to tackle corrosion-under-insulation, resulting in the necessary utilization of CUI and SOI coatings.

In addition, with constant R&D, companies have developed coatings with improved application effectiveness. Coatings that can be easily sprayed on equipment provide quicker action, suitability for complex systems & shapes, and reduced labor expenses.

The epoxy category, based on type, is the largest contributor to the CUI and SOI coatings market in 2023, with a 40% share, and it is further expected to remain the largest throughout this decade.

This is because epoxy-based coatings play a key role in defending industrial infrastructure and equipment from corrosion as well as insulating them against temperature changes. Moreover, this type of coating has arisen as a preferred substitute because of its high-quality advantages as well as overall high performance in extreme settings.

The oil & gas and petrochemical category, based on end user, is leading the industry in 2023. This can be because of the usage of oil & gas derivatives in large volumes in different sectors, including energy & power and marine.

Furthermore, because of the rough environmental conditions that oil & gas equipment and pipelines are exposed to, coating materials are employed to avoid metallic structure degradation.

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North America Is Dominating Vein Illuminators Industry

The market size of vein illuminators was USD 70.8 million in 2023, and it is expected to grow at a compounded annual growth rate of 29.4 % during the period between 2024 and 2030 with an estimated value of USD 414.2 million by 2030.

This development of the market can be credited to the rising count of injectable drugs and the increasing occurrence of chronic syndromes. Furthermore, the growing count of functionalities in such devices, such as an advanced contrast, so that the veins are clearly visible, is driving the development of the industry.

On the basis of technology, the infrared category is projected to display the highest CAGR, as IR-based devices make it convenient to see the site of the veins and even see deep tissues. Devices based on infrared tech generally rely on the absorption of IR light by the hemoglobin in the blood and the image of the unabsorbed light by the nearby tissues back to the detector in the devices. This allows the making of a photo of the location of the veins and its projection onto the skin.

In 2023, the North American vein illuminator market had the largest revenue share, and the region is also estimated to endure its dominating position during the projection period. The development in the continent is credited to the increasing personal income, along with the rising emphasis on health. 

In North America, the U.S. grips the foremost position, and it will advance with a CAGR of 29.0%, credited to the increasing occurrence of varicose or spider veins and the obtainability of trained specialists. Furthermore, the existence of significant players and the rapid acceptance of advanced healthcare technologies across the nation are driving the growth.

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Healthcare Staffing Market is Led by Hospital Category

The healthcare staffing market is estimated to generate USD 40.1 billion in 2023, which will touch USD 64.2 billion, advancing at a 7.0% compound annual growth rate, by 2030.

The progression of this industry is mainly because of the high working flexibility as well as the surging occurrence of chronic ailments. Furthermore, the consciousness about the advantages of temporary employment, availability of opportunities, and incentives associated with the job has surged.

The travel nurse staffing category, based on service type, is leading the industry, with a 40% share. This can be because of the lack of skilled nurses as well as the necessity for their constant accessibility and cost-efficiency. Because of the rising healthcare expenditures during the pandemic of COVID-19, health centers were forced to reduce their employees.

The hospitals category, based on end user, is the largest contributor to the healthcare staffing market. This is because numerous hospitals are hiring skilled specialists in accordance with the rules implemented by governments to maintain an ideal nurse-to-patient ratio. Therefore, the employment of patient-centric rules is boosting the count of staff members in health centers.

APAC is likely to advance at the fastest rate, of 7.5%, during this decade. This is ascribed to the increasing need for workers to work for a specific period in this region.

Europe will also propel at a significant rate, because of the enormous lack of healthcare workers it has been facing for several years now.

With the surging incidence of chronic ailments and the high working flexibility, the healthcare staffing industry will continue to progress in the coming years.

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DNA Synthesizer Market Led by Biotech Companies

The DNA synthesizer market was valued at USD 266.3 million in 2023, which will reach USD 686.1 million by 2030, rising at a rate of 14.6% by the end of this decade. This is attributed to the rising occurrence of chronic diseases, growing requirement for more-personalized therapies, expanding acceptance of gene therapy, and growing investments in R&D.

Recently, there has been a drastic increase in the prevalence of severe chronic ailments, for example immunological ailments, cancer, and genetic illnesses, all over the globe.

Nearly 50,000 congenital disorders that are an outcome of a mutation of a single gene are recognized by scientists. This is powering the acceptance of gene therapy, as it can cure severe ailments that were previously untreatable, and the outcomes are better than expected. For example, numerous people have already regained their vision with the help of gene therapy, after suffering from hereditary, gradual blindness.

Based on end user, biotech companies led the industry, with a share of 50%, in 2023. This is due to the growing biotech-related research, powered by the increasing requirement for biologic drugs, for example vaccines.

Essentially, the increasing incidence of chronic ailments has powered regional administrations to spend on life science projects so that scientists can do more-efficient treatment, substantial investments but also tech progressions, which has boosted the count of novel therapeutics becoming obtainable to patients at a global level. 

It is because of the increasing acceptance of gene therapy all over the world, the demand for DNA synthesizer is on the rise. This trend will also continue in the years to come as well.

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North America Is Dominating Bone Densitometer Industry

The value of the bone densitometer market stood at USD 316.6 million in 2023, and this number is projected to reach USD 441.3 million by 2030, advancing at a CAGR of 4.7% during the projection period.

This can be mainly credited to the growing occurrence of kidney illnesses, the increasing count of people having Vitamin D deficit, the rising occurrence of knee osteoarthritis, and the rising consciousness about linked issues and their treatment.

In 2023, the axial bone densitometer category dominated the market with a share of 65%. This is mainly because it offers better accuracy, the count of osteoporotic patients is increasing, and central dual-energy X-ray absorptiometry is extensively utilized because of its ease of use and security for both adults and children.

On the basis of application, the osteoporosis & osteopenia diagnosis category grips the largest market share. This can be credited to the increasing cases of bone-linked problems and the growing awareness regarding these problems.

The growing knowledge among people regarding the impacts of osteoporosis and its treatment is driving the development of the industry. Numerous government and private associations are concentrating on the rising understanding of osteopenia via numerous events and programs.

For example, the International Osteoporosis Foundation is an association devoted to health and knowledge linked to it. The organization offers data about the risk factors, treatments, and prevention substitutes to spread awareness regarding the disease among patients and physicians.

In terms of the bone densitometer market, North America holds the dominant position and will continue to do so for the next few years with a value of USD 0.17 billion by 2023. The presence of leading players, an extensive network of hospitals and healthcare establishments as well as the training of doctors are reasons for this.

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Dermatology Devices Industry is Boosted by the Increasing Prevalence of Skin Diseases

The total size of the dermatology devices market was USD 7,117.4 million in 2023, and it will grow at a compound annual growth rate of 12.9% by the end of this decade, to touch a value of USD 16,552.7 million by 2030. 

This is because of the growing incidence of skin ailments all over the world, rising consciousness of aesthetic procedures, mounting healthcare spending in emerging nations, and dermatology devices letting dermatologists and surgeons to identify and treat numerous skin ailments in time.

There is a notable surge in the incidence of skin ailments at a global level recently, particularly amongst people living in regions with higher ozone exhaustion. The most common conditions are eczema, acne vulgarism, urticaria, sunburn, herpes zoster, and rosacea, contributing to the increasing acceptance of dermatology devices.

The imaging devices category will grow at a rate of 13.3% in the years to come. This is because of the growing requirement for diagnostic devices as a result of the increasing incidence of various skin disorders and skin cancer.

In 2023, North America led the industry with a share, of 55%, in the industry. This is because of the increasing incidence of skin ailments, the growing consciousness with regards to aesthetic cosmetic surgeries, the existence of leading players, the growing healthcare spending of the government, and easy availability of cutting-edge technologies.

Furthermore, in the U.S., over the past half a decade, about 7,000 novel incidences of self-reported skin issues have taken place every year. Amongst these, roughly 53% of contact dermatitis cases were sensitized, and 60% were as a result of irritants. Consequently, the acceptance of cutting-edge dermatology diagnostics is on the rise, and, in turn, is boosting the industry development in the nation.

It is because of the rising prevalence of skin diseases all over the world, the demand for dermatology devices is on the rise. And, this trend will continue in the years to come as well.

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North America Is Dominating Dental Contouring Industry

The value of the dental contouring market stood at USD 2,848.3 million in 2023, and this number is projected to reach USD 4,283.7 million by 2030, advancing at a CAGR of 6.1% during the projection period. 

This development of the market can be credited to the increasing awareness of aesthetics and the growing demand for high-accuracy equipment for numerous teeth and gum treatment. Because of the tooth problems, people become unconfident about their smiles. The dental contouring process helps in advancing the symmetry of the teeth and eases their overlapping, by decreasing the amount of enamel existing on them, so they appear good.

In 2023, Diamond burs held the largest share, of 35%, this can be credited to their extreme hardness, due to this they can even grind enamel and allow faster and smoother cutting. Such devices are utilized when a high level of accuracy is needed during placing and shaping crowns, cutting via zirconia, and grinding porcelain.

The North American region has the dominating place in the dental contouring industry, and it will grip the same position during the projection period, with a value of USD 1.2 billion, credited to the fast acceptance of new and cutting-edge technologies in the continent. 

Furthermore, the increasing acceptance of such instruments and procedures, with the high expenditure power of people, is projected to fuel the industry in the continent. Also, the major players are concentrating on the growth of new items, acquisitions, mergers and collaborations, to attain a better position and greater consumer base.

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