https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596Kategorie: Liczba wpisów: 11, liczba wizyt: 1775 |
Nadesłane przez: Mohitpatil dnia 28-05-2021 07:48
The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027. The presence of several large scale companies in this market will emerge in favour of the growth. According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.
Non-destructive testing is an advanced method that is primarily used to detect and evaluate several defects in materials that are used in aerospace industry. This method is essentially used for design and development of several equipment that are used for several purposes in the aerospace industry. The rise of the aerospace industry in the past few years has created several growth opportunities for the companies operating in the global NDT market. The increasing investments in the research and development of efficient products will bode well for the growth of the market in the coming years. Subsequently, the presence of several large scale companies will provide impetus to the growth of the market in the coming years.
Restrictions on Air-travels will have a Slight Adverse Impact on NDT Manufacturers
The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking strict measures to control the spread of the disease. These measures have subsequently affected several businesses across the world. Due to lockdown, manufacturers in this sector seem to have taken a huge hit in the past few months. Additionally, the risks associated with international travel have compelled governments to ban flights and other modes of travel overseas. Thus, the efforts taken to curb the spread of the disease will ultimately affect the growth of the overall NDT market in the immediate future.
North America to Emerge Dominant; Increasing Demand for Advanced Testing Material to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for advanced testing material in several countries across this region will create several growth opportunities for the companies operating in this region. Subsequently, the presence of several large scale companies in the United States will have a huge impact on the growth of the regional market. Companies such as Magnaflex Corporation and Acuren Inspection have invested huge capital in the development of technologically advanced non-destructive testing equipment. As of 2019, the market in North America was worth USD 3.09 billion and this value is projected to increase further in the coming years.
Increasing Number of Product Launches will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising demand for the product across the world and the degree of safety and security involved with it, technological intervention has been maximized in recent years. The presence of several large scale companies involved in the development of efficient products by investing more in the technological intervention will have a positive impact on the growth of the overall market in the coming years. In January 2020, Novosound announced the launch of a new ultrasound sensor tool that is used for inspecting curved surfaces. The Scotland-based company announced that the product is and advanced thin-fil that is flexible in nature. The company is said to have invested around $4.3 million in this product. Novosound’s latest product is an example of rapid technological advancement as well as integration in this sector in recent years.
List of the Leading Companies Profiled in the Global Non-destructive Testing Market are:
Industry Developments:
June 2019: Testia announced the launch of a latest version of its ultrasonic testing device named as a smart UE1 device. This wireless device is said to offer several types of indications such as delaminations, fatigue cracks, lack of cladding, and coating measurements.
Browse a detailed summary of this 160 pages research report:
https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596
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Nadesłane przez: Mohitpatil dnia 28-05-2021 07:47
The global medical coatings market size is expected to reach USD 7,990.0 million by 2027, exhibiting a CAGR of 9.7% during the forecast period. The increasing preference for antimicrobial coatings over disinfectants and other cleaning agents will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Medical Coatings Market Size, Share & COVID-19 Impact Analysis, By Type (Hydrophilic Coatings, Anti-microbial Coatings, Anti-thrombogenic Coatings, and Others), By Material Type (Fluoropolymer, Silicone, Parylene, Metals, and Others), By Application (Medical Device, Medical Implants, Medical Equipment & Tools, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 3,690.0 million in 2019.
List of the Leading Companies Profiled in the Global Medical Coatings Market are;
Key Development:
April 2020: Hydromer announced that it has signed a partnership agreement with and N8 medical to bring ET coated tubes for COVID-19 patients. Hydromer will be the exclusive supplier for coatings as well as the manufacturing partner for N8’s medical CeraShield Endotracheal tube.
The report on the medical coatings market features:
Key Market Driver:
Surging Minimally Invasive Surgical Procedures to Incite Market Development
The increasing number of minimally invasive surgeries around the world will spur opportunities for the market in the forthcoming years. The growing shift from traditional surgical procedures to less invasive medical procedures owing to its better accuracy rate will bolster the healthy growth of the market. The increasing incidence of arthritis, cancer, and cardiovascular diseases can have a tremendous impact on the global market. Furthermore, the utilization of light medical instruments such as balloon angioplasty catheters, intravascular catheters, delivery sheaths, guide wires, and implant delivery systems that can pass through complicated and vulnerable areas of the body, which, in turn, will improve the prospects of the market. Their wide use in cerebrovascular, coronary, and peripheral vascular systems during minimally invasive procedures can promote the growth of the market. Besides, the increasing use of such coatings on medical instruments for cardiac and urinary catheterization operations to reduce time consumption will effectively propel the growth of the market in the forthcoming years.
Heavy Demand for Medical Devices to Aid Market amid Coronavirus
The mounting demand for medical equipment such as PPE (Personal Security Equipment), ventilators, and diagnostic kits among healthcare professionals will ultimately enhance the progress of the market during coronavirus. The need for test kits and ventilators has posed enormous pressure on the medical industry. The European Commission has recently introduced updated harmonized guidelines to speed up the development of surgical masks, gloves, containers for intravenous injections, sterilization instruments, and disinfectants. However, the existing supply chain problems related to the pandemic can relatively affect the market amid coronavirus.
Emphasis on Value Chain Activities by Industry Players to Fortify Business
Prominent companies are now searching for ways to strategically improve their value chain activities. These initiatives will help companies to cater to the growing global demand, boost productivity, strengthen their sales and market presence, produce new goods and technology, and reduce their cost of production and grow their customer base.
Regional Analysis:
Rising Prevalence of Cardiovascular Diseases to Enable Growth in Europe
The market in Europe is expected to hold the largest share owing to the increasing prevalence of arthritis, cancer, vascular diseases, cardiovascular diseases, and cerebrovascular conditions. The growing number of minimally invasive procedures and surgeries will foster growth in the region. Asia Pacific is expected to expand radically during the forecast period owing to the growing demand for medical devices and tools such as ventilators, endotracheal tubes, catheters, guidewires, angioplasty catheters, delivery heaths, artificial implants, and others. The surging cases of coronavirus in China, India, and Pakistan will spur demand for medical coatings, which, in turn, will stimulate the growth of the market in Asia Pacific.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/medical-coatings-market-104536
Have a Look at Related Research Insights:
Medical Hydrophilic Coatings Market Size, Share & Industry Analysis, By Substrate Type (Metals, Ceramics, Polymers, Others), By Application (Medical Equipment & Tools, Medical Devices, Implants, Others)and Regional Forecast, 2020-2027
Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air/HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
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US :+1 424 253 0390
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Nadesłane przez: Mohitpatil dnia 28-05-2021 04:58
The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027. The presence of several large scale companies in this market will emerge in favour of the growth. According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.
Browse a detailed summary of this 160 pages research report:
https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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