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Medical Device Contract Manufacturing Market Size, Analysis and Forecast 2031

Posted by Prajakta on April 26, 2024 at 8:54am 0 Comments

The Medical Device Contract Manufacturing Market in 2023 is US$ 79.05 billion, and is expected to reach US$ 182.43 billion by 2031 at a CAGR of 11.02%.

FutureWise Research published a report that analyzes Medical Device Contract Manufacturing Market trends to predict the market's growth. The report begins with a description of the business environment and explains the… Continue

Air Quality Monitoring System - Role of Leading Companies in Global Industry Growth

Major Growth Driving Factors:

The growth of Air Quality Monitoring System Market is majorly driven by factors such as technological advancements in air quality monitoring systems, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution.

Projected Surge in Revenue Generation:

The global air quality monitoring system market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Global Leading Companies Operating in This Industry:

# Thermo Fisher Scientific (US)
# Siemens (Germany)
# 3M (US)
# Teledyne Technologies (US)
# General Electric (US) among others.

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More About Leading Companies & Growth Strategies Adopted by Them:

Siemens AG (Germany) is also a leading player in the global air quality monitoring system market, owing to its wide geographic presence and strong R&D capabilities. Siemens has a robust sales and distribution network in more than 190 countries, inclusive of Europe, the Americas, APAC, the Middle East, and Africa. The company has a robust manufacturing base with ~285 major production and manufacturing facilities located across the world. A vast product range and continuous product development owing to huge investment in significant R&D initiatives is expected to strengthen its position in the AQM market.

Thermo Fisher Scientific (US) is one of the leading providers in the global air quality monitoring systems market. Its vast product range and wide geographical presence across key markets like North America, Europe, the APAC, and Africa are the key factor accounting for its large share in this market. Thermo Fisher has a robust product portfolio consisting of gas analyzers, air samplers, monitoring systems, particulate matter monitors, probes and other accessories, and focuses on vigorous R&D activities and continuous product development. Recently in March 2021, the company launched the Thermo Scientific AerosolSense Sampler which is a surveillance solution for in-air pathogens, including SARS-CoV-2.

Major Growth Strategies Adopted:

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2018–2020 to expand their global presence and increase their market shares in the air quality monitoring systems market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

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Recent Developments:

# In September 2020, Spektris (UK) launched the new ULTRA Series gas analyzer at Semicon Taiwan 2020

# In February 2020, TSI Incorporated (US) introduced BlueSky Air Quality Monitor (Model 8143) to measure PM1, PM2.5, PM4 and PM10 mass concentrations, as well as temperature and humidity

# In March 2019, Emerson Electric (US) launched Rosemount CT4400 Continuous Gas Analyzer with Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) analyzer for Continuous emission monitoring

Read More About the Related Reports, Here:

Environmental Testing Equipment Market - Global Forecast to 2027

Environmental Monitoring Market - Global Forecast to 2026

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