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  • Medical Hyperspectral Imaging Market to have robust growth during 2022-2028

    The medical hyperspectral imaging market refers to the use of hyperspectral imaging technology in the medical field for diagnostic and therapeutic applications. Hyperspectral imaging is an imaging technique that combines the power of spectroscopy and imaging to capture both spatial and spectral information from a scene. In the medical field, hyperspectral imaging can be used to identify and classify tissues, monitor tissue oxygenation, and detect diseases such as cancer.

    The global medical hyperspectral imaging market is expected to grow at a significant rate in the coming years, driven by factors such as the increasing demand for non-invasive diagnostic tools, the rising prevalence of chronic diseases such as cancer, and the growing adoption of hyperspectral imaging technology by healthcare providers. The medical hyperspectral imaging market was estimated at US$ 304.06 billion in 2021 and is expected to grow at a CAGR of 3.71% during 2022-2028 to reach US$ ~372.20 billion in 2028.

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    The following are the major players in the medical hyperspectral imaging market:

    • IMEC
    • Norsk Elektro Optikk
    • Galileo
    • Gilden Photonics
    • Resonon
    • XIMEA
    • Gooch & Housego
    • Chemlmage
    • Applied Spectral Imaging
    • Cubert
    • EVK DI Kerschhaggl
    • Headwall Photonics
    • FluxData

    The medical hyperspectral imaging market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America dominates the medical hyperspectral imaging market. This could be due to the fact that hyperspectral imaging was originally extensively used in the United States. Furthermore, investment in the healthcare industry is moving the North American market ahead. After North America, Europe is the world's second-largest market for medical hyperspectral imaging. At the moment, Europe controls a sizable portion of the worldwide market. This region's size can be attributed to the presence of well-developed research infrastructure, the availability of technologically advanced imaging products, and the rising adoption of hyperspectral imaging in battlefield surveillance, environmental control, mining, machine vision, as well as life sciences and diagnostics.

    Overall, the medical hyperspectral imaging market is expected to continue to grow as healthcare providers seek to improve patient outcomes through the use of advanced diagnostic and therapeutic tools.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

     

  • Industrial Internet of Things Market to grow at a steady pace by 2028

    The Industrial Internet of Things (IIoT) refers to the use of internet-connected devices, sensors, and machines in industrial and manufacturing environments to collect and analyze data. This technology has the potential to revolutionize the way businesses operate by enabling more efficient processes, reducing downtime, and improving overall productivity. The IIoT market has seen significant growth in recent years, driven by advancements in sensor technology, cloud computing, and data analytics

    The global industrial internet of things market is expected to grow from USD 75.61 billion in 2021 to USD 116.10 billion by 2028 at a CAGR of 6.3% during the forecast period. One of the major factors driving the growth of the IIoT market is the increasing need for automation in industrial and manufacturing processes. By implementing IIoT technologies, businesses can automate various tasks, reduce errors, and optimize operations, leading to significant cost savings and improved productivity.

    The IIoT market is highly competitive, with numerous players offering a range of solutions, including hardware, software, and services.The major players operating in the global industrial internet of things market are:

    • ABB
    • General Electric
    • Intel
    • Emerson Electric
    • Honeywell
    • Cisco
    • SAP SE
    • Huawei
    • Siemens
    • ARM Holding
    • Rockwell Automation
    • PTC
    • Dassault Systemes
    • Sigfox
    • NEC
    • Bosch
    • Worldsensing Sl
    • Ansys
    • Texas Instruments
    • Arundo Analytics
    • Bright Machines
    • Kuka
    • Dragos
    • Microsoft
    • Google

    Another key driver of the IIoT market is the growing demand for predictive maintenance solutions. By leveraging IIoT technologies, businesses can monitor equipment in real-time, predict potential issues, and schedule maintenance before any problems occur. This helps to reduce downtime and extend the lifespan of equipment, leading to significant cost savings.

     

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    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    In conclusion, the IIoT market is expected to continue to grow rapidly in the coming years, driven by the increasing need for automation, predictive maintenance solutions, and the benefits that IIoT technologies offer in terms of cost savings, productivity improvements, and operational efficiencies. As more businesses adopt IIoT technologies, the market is likely to become even more competitive, with new players entering the market and existing players expanding their offerings to meet the growing demand.

  • Tower Crane Rental Market Expected to Experience Attractive Growth through 2027

     

    The tower crane rental market is a segment of the construction equipment rental industry that provides tower cranes to construction sites on a rental basis. Tower cranes are large, tall machines that are used to lift and move heavy objects on construction sites, such as steel beams, concrete blocks, and other materials.  The tower crane rental market is expected to grow at a promising CAGR of 5.3% during the forecast period.

    The tower crane rental market is driven by the growth in the construction industry, particularly in emerging economies where infrastructure development is a top priority. The market is also influenced by factors such as the rise in urbanization, the increasing demand for high-rise buildings, and the need for more efficient and safer construction practices.

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    The tower crane rental market is highly competitive, with numerous regional and international players competing for market share. In terms of regions, Asia Pacific is expected to remain the largest market for tower crane rental over the forecast period. The construction industry in Asia-Pacific is expanding due to the large number of upcoming construction projects. Manufacturing and service industries have seen tremendous expansion, particularly in rising economies such as China, India, Indonesia, Thailand, and Brazil.

    The following are some of the key players in the tower crane rental market:

    • Action Construction Equipment Ltd.
    • ALL Crane
    • Bigge Crane and Rigging Co.
    • Falcon Tower Crane Services
    • Leavitt Cranes
    • NFT Group
    • Rapicon Inc.
    • Titan Cranes & Rigging
    • WASEL GmbH
    • Zoomlion ElectroMech India Pvt. Ltd

    The market is expected to continue to grow in the coming years, with increasing demand for tower cranes in the construction of tall buildings, bridges, and other infrastructure projects. Additionally, the trend towards renting equipment instead of owning it is also expected to drive growth in the tower crane rental market, as more construction companies opt for renting equipment rather than buying it outright.

     

     

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