The Europe Hearing Aids Market was valued at US$ 7,833.94 million in 2022 and is expected to reach US$ 11,341.50 million by 2030; it is estimated to register a CAGR of 4.7% from 2022 to 2030.
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The List of Companies - Europe Hearing Aids Market
1. Starkey Laboratories Inc.
2. Audina Hearing Instruments Inc
3. GN Store Nord AS
4. Cochlear Ltd
5. WS Audiology AS
6. Sonova Holding AG
7. Sonic Innovations In... moreThe Europe Hearing Aids Market was valued at US$ 7,833.94 million in 2022 and is expected to reach US$ 11,341.50 million by 2030; it is estimated to register a CAGR of 4.7% from 2022 to 2030.
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The List of Companies - Europe Hearing Aids Market
1. Starkey Laboratories Inc.
2. Audina Hearing Instruments Inc
3. GN Store Nord AS
4. Cochlear Ltd
5. WS Audiology AS
6. Sonova Holding AG
7. Sonic Innovations Inc
Europe Hearing Aids Market Segmentation & Key Trends
The Europe hearing aids market is categorized based on type, product type, technology, hearing loss type, patient type, distribution channel, and country.
📌 Key Market Segments & Trends:
1️⃣ By Type:
Prescription Hearing Aids – Held the largest market share in 2022.
OTC Hearing Aids – Rapidly growing due to regulatory approvals and increased consumer accessibility.
2️⃣ By Product Type:
Hearing Aid Devices – Largest market share in 2022.
Behind-the-Ear (BTE) Hearing Aids
In-the-Ear (ITE) Hearing Aids
Receiver-in-the-Ear (RITE) Hearing Aids
Canal Hearing Aids
Hearing Implants
Cochlear Implants
Bone Conduction Implants
3️⃣ By Technology:
Conventional Hearing Aids – Dominated the market in 2022.
Digital Hearing Aids – Gaining traction due to AI integration and enhanced sound quality.
4️⃣ By Type of Hearing Loss:
Sensorineural Hearing Loss – Largest segment in 2022.
Conductive Hearing Loss – Niche but growing segment.
5️⃣ By Patient Type:
Adults – Largest market share in 2022, driven by age-related hearing loss.
Pediatrics – Steady growth due to early diagnosis and advancements in pediatric hearing aid solutions.
6️⃣ By Distribution Channel:
Pharmacies – Largest market share in 2022.
Retail Stores & Online Platforms – Expanding due to convenience and direct-to-consumer models.
7️⃣ By Country:
Germany – Dominated the Europe hearing aids market in 2022.
Other Key Markets: UK, France, Italy, Spain, and the Rest of Europe.
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Senior Market Research Expert at Business Market Insights
The Europe Area Rugs Market is expected to grow from US$ 2,777.04 million in 2023 to US$ 3,442.56 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2023 to 2028.
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The List of Companies - Europe Area Rugs Market
Amer Rugs Inc
Faze Three Ltd
Golden Carpets Ltd
No... moreThe Europe Area Rugs Market is expected to grow from US$ 2,777.04 million in 2023 to US$ 3,442.56 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2023 to 2028.
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The List of Companies - Europe Area Rugs Market
Amer Rugs Inc
Faze Three Ltd
Golden Carpets Ltd
Nodi Handmade Rugs Ltd
Riviere Rugs Ltd
Riztex USA Inc
Challenges & Market Constraints
Despite the market's positive trajectory, certain challenges may hinder growth:
❌ Availability of alternative flooring solutions – Hardwood, vinyl, and carpets present competition to area rugs.
❌ Environmental awareness – Consumers increasingly prefer sustainable and biodegradable materials, requiring industry adaptation.
However, the industry is responding proactively by developing eco-friendly and sustainable area rugs, aligning with Europe's green initiatives and consumer expectations.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
According to Business Market Insights research, the Europe Drug Delivery Market was valued at US$ 6,32,268.46 million in 2023 and is expected to reach US$ 8,95,338.87 million by 2028, registering a CAGR of 7.2% from 2023 to 2028. Rising incidence of chronic diseases, growing demand for noninvasive drug delivery systems, and increasing R&D expenditures in pharmaceutical companies are the critical factors attributed to the Europe drug delivery market expansion.
Download Sample PDF Copy: h... moreAccording to Business Market Insights research, the Europe Drug Delivery Market was valued at US$ 6,32,268.46 million in 2023 and is expected to reach US$ 8,95,338.87 million by 2028, registering a CAGR of 7.2% from 2023 to 2028. Rising incidence of chronic diseases, growing demand for noninvasive drug delivery systems, and increasing R&D expenditures in pharmaceutical companies are the critical factors attributed to the Europe drug delivery market expansion.
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The List of Companies - Europe Drug Delivery Market
Bausch Health Companies Inc
Baxter International Inc
Becton Dickinson and Co
Boehringer Ingelheim International GmbH
Boston Scientific Corp
Gerresheimer AG
GlaxoSmithKline Plc
Johnson & Johnson
Novartis AG
Novo Nordisk AS
Pfizer Inc
Sever Pharma Solutions
With continuous advancements in medical devices and transdermal technologies, noninvasive drug delivery is becoming a viable alternative to traditional oral and injectable administration. Popular noninvasive methods include:
Topical and transdermal drug delivery systems (TDDS)
Transdermal-active (device-aided penetration) and transdermal-passive delivery
Trans-ocular and trans-mucosal membrane-based delivery
Alveolar membrane drug delivery via inhalation
The low rejection rate, convenience, and durability of transdermal drug delivery systems (TDDS) make them a preferred method. Beyond pharmaceuticals, TDDS is also widely used in skincare applications. Since this approach enables localized drug administration, it prevents unintended delivery to non-target tissues, reducing side effects.
TDDS is particularly beneficial in managing cardiovascular and central nervous system disorders, genetic and neuromuscular diseases, diabetes, and localized infections. Additionally, it supports advancements in self-administered treatments and vaccination technologies, improving patient autonomy in long-term care.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Europe Drug Delivery Market Forecast to 2028- COVID-19 Impact and Regional Analysis- by Route of Administration (Injectable Drug Delivery, Oral Drug Delivery, Transmucosal Drug Delivery, Topical Drug Delivery, Implantable Drug Delivery, and Ocular Drug Delivery), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and End User (Hospitals and Clinics, Home Care Settings, and Other End User) - Download Free PDF Brochure
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According to the Business Market Insights’ research, the Europe Advanced Composites Market was valued at US$ 15,999.44 million in 2022 and is expected to reach US$ 28,306.07 million by 2028, registering a CAGR of 10.0% from 2022 to 2028. Growing demand for lightweight materials in aerospace & defense industry and rising use of advanced composites in wind energy and automotive industries are the critical factors attributed to the Europe advanced composites market expansion.
Download Sample PDF C... moreAccording to the Business Market Insights’ research, the Europe Advanced Composites Market was valued at US$ 15,999.44 million in 2022 and is expected to reach US$ 28,306.07 million by 2028, registering a CAGR of 10.0% from 2022 to 2028. Growing demand for lightweight materials in aerospace & defense industry and rising use of advanced composites in wind energy and automotive industries are the critical factors attributed to the Europe advanced composites market expansion.
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The List of Companies - Europe Advanced Composites Market
Avient Corp
Ensinger GmbH
Johns Manville Corp
Mitsubishi Chemical Corp
Owens Corning
SGL Carbon SE
Solvay SA
Tecnaro GmbH
Teijin Ltd
Toray Industries Inc
Europe Advanced Composites Market Overview:
Diverse Industry Growth:
The market's growth is fueled by the expansion of onshore and offshore wind energy, increased automotive manufacturing, and rising construction activities.
The demand for sustainable renewable energy and the installation of wind turbines in countries like Sweden, Finland, Germany, and France are boosting advanced composite usage.
According to Wind Europe VZW/ASBL, Europe saw 19.1 GW of new wind installations in 2022, including 16.7 GW onshore and 2.5 GW offshore.
Advanced composites are preferred in wind energy installations due to their non-conductive, durable, and lightweight properties.
Automotive Industry Impact:
The European automotive industry is a major contributor to GDP, with significant players like Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, BMW, and Renault SA.
According to the European Commission, the automotive industry represents 7% of Europe's total GDP.
Automakers like BMW and Lamborghini utilize composites, comprising 6-8% of vehicle weight, as per US Commercial Service reports.
Overall Market Growth:
The growing use of advanced composites in the automotive, energy, and other end-use industries is expected to drive market growth in the coming years.
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Senior Market Research Expert at Business Market Insights
Europe Advanced Composites Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, Glass Fiber Composites, and Others), Matrix Type [Epoxy Resin, Phenolics, Polyester Resin, Polyurethane Resin, Polyphenylene Sulfide (PPS), Polyetherimide (PEI), and Others], and End-Use Industry (Aerospace & Defense, Automotive, Wind Energy, Building & Construction, Electrical & Electronics, and Others) - Download Free PDF Brochure
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The Europe Composites Market is expected to grow from US$ 18,760.27 million in 2022 to US$ 25,145.13 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
The geographic scope of the Europe Composites refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is... moreThe Europe Composites Market is expected to grow from US$ 18,760.27 million in 2022 to US$ 25,145.13 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
The geographic scope of the Europe Composites refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets.
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The List of Companies - Europe Composites Market
DuPont de Nemours Inc
Gurit Holding AG
Hexion Inc
Mitsubishi Chemical Holdings Corp
Nippon Electric Glass Co Ltd
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
Key Growth Drivers:
Broad Industrial Application:
The wind energy, construction, sporting goods, and marine industries are major consumers of glass fiber composites.
Construction benefits from the increasing use of advanced composite-based processes.
The marine sector utilizes these composites for large structural components, including bearings, propellers, hatch covers, and topside structures.
The unique properties of glass fiber composites—lightweight, high strength, design flexibility, easy molding, low friction, and fatigue resistance—make them ideal for sports equipment like tennis rackets, golf clubs, and bicycles.
Core Market Driver:
The rising utilization of glass fiber composites in these end-use industries is the primary factor driving the European composites market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Europe Composites Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Others), Resin Type [Thermoset (Polyester, Vinyl Ester, Epoxy, Polyurethane, and Others) and Thermoplastic (Polypropylene, Polyethylene, Polyvinylchloride, Polystyrene, Polyethylene Terephthalate, Polycarbonate, and Others)], and End Use Industry (Automotive, Aerospace and Defense, Wind, Construction, Marine, Sporting Goods, and Others) - Download Free PDF Brochure
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The Europe Travel and Expense Management Software Market is expected to grow from US$ 994.90 million in 2022 to US$ 1,608.13 million by 2028. It is estimated to grow at a CAGR of 8.3% from 2022 to 2028.
The geographic scope of the Europe Travel and Expense Management Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), ... moreThe Europe Travel and Expense Management Software Market is expected to grow from US$ 994.90 million in 2022 to US$ 1,608.13 million by 2028. It is estimated to grow at a CAGR of 8.3% from 2022 to 2028.
The geographic scope of the Europe Travel and Expense Management Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets.
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The List of Companies - Europe Travel and Expense Management Software Market
Basware Corporation
Certify, Inc.
Chrome River Technologies, Inc.
Concur Technologies, Inc.
Coupa Software Inc.
Expensify, Inc.
GB Business Global
Infor, Inc.
Oracle Corporation
Several factors are driving the growth of the Europe travel and expense management software market, including:
✅ Seamless booking & cost savings
✅ Personalized travel management
✅ Automated approvals & policy compliance
✅ Advanced travel data analytics
✅ Comprehensive online travel consultancy & inventory management
Strategic Market Expansions Fueling Growth
Leading European players are expanding their global footprint through strategic acquisitions and partnerships. For instance, on August 4, 2022, travel platform HRS acquired German expense management firm Paypense, strengthening its position in the market. These expansion strategies are expected to create significant growth opportunities within the sector.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
The Europe dermatology devices market is expected to grow from US$ 1,746.72 million in 2022 to US$ 3,220.86 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
The Europe dermatology devices market is segmented on the basis of product type, application, end user, and country. Based on product type, the Europe dermatology devices market is bifurcated into treatment device and diagnostic device. The treatment device segment held a larger share of the market in 2022.
... moreThe Europe dermatology devices market is expected to grow from US$ 1,746.72 million in 2022 to US$ 3,220.86 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
The Europe dermatology devices market is segmented on the basis of product type, application, end user, and country. Based on product type, the Europe dermatology devices market is bifurcated into treatment device and diagnostic device. The treatment device segment held a larger share of the market in 2022.
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The List of Companies - Europe Dermatology Devices Market
Alma Lasers
Candela Corporation
Cutera Inc.
El.En. S.p.A.
FotoFinder Systems GmbH
Leica Microsystems
Lumenis
Market Dynamics in Europe:
Market Segmentation: The European dermatology devices market is divided into Germany, the UK, France, Italy, Spain, and the remaining European countries.
Market Leaders:
Germany and the UK are projected to dominate the market, driven by the rapid adoption of advanced technologies, increased product approvals, and supportive government policies.
Germany is experiencing very fast growth. Factors that contribute to this are the rising incidence of skin disorders, continuous technological progress, and frequent release of new products.
An increase in chronic inflammatory skin diseases among the working population, and the high demand for dermatological care are also contributing to the growth in Germany.
Overall Market Driver:
Technological innovation remains the primary catalyst for growth in the European dermatology devices market.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
The social media analytics market in Europe is expected to grow from US$ 2,438.93 million in 2022 to US$ 7,672.98 million by 2028; it is estimated to grow at a CAGR of 21.0% from 2022 to 2028.
segmented on the basis of component, application, deployment, organization size, vertical, and country. Based on component, the market is bifurcated into solutions and services. The solutions segment held a larger market share in 2022. Further the component is bifurcated into professional services and man... moreThe social media analytics market in Europe is expected to grow from US$ 2,438.93 million in 2022 to US$ 7,672.98 million by 2028; it is estimated to grow at a CAGR of 21.0% from 2022 to 2028.
segmented on the basis of component, application, deployment, organization size, vertical, and country. Based on component, the market is bifurcated into solutions and services. The solutions segment held a larger market share in 2022. Further the component is bifurcated into professional services and managed services.
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The List of Companies - Europe Social Media Analytics Market
Cision Ltd.
Hootsuite Inc.
IBM Corporation
Meltwater N.V.
Oracle Corporation
Qualtrics International Inc.
Salesforce, Inc.
Sprout Social, Inc.
Talkwalker S.a.r.l
Zoho Corporation Pvt. Ltd.
Europe Social Media Analytics Strategic Insights:
Provides data-driven analysis of the industry landscape, including trends, key players, and regional nuances.
Offers actionable recommendations for competitive differentiation and value proposition development.
Leverages data analytics to anticipate market shifts.
Focuses on a future-oriented perspective for long-term success.
Empowers informed decision-making for profitability and business objectives.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Europe Social Media Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Component [Solutions and Services (Professional Services and Managed Services)], Application (Customer Experience Management, Competitive Intelligence, Sales & Marketing Management, and Others), Deployment (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), and Vertical (BFSI, IT & Telecommunication, Media & Entertainment, Retail & e-Commerce, and Others) - Download Free PDF Brochure
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The global North America point-of-care molecular testing for infectious diseases market is expected to reach US$ 44.59 billion in 2031 from US$ 19.21 billion in 2023. The market is estimated to grow with a CAGR of 11.1% from 2023 to 2031.
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Leading Companies in the North America Point-of-Care Molecular Testing Market:
Cue Health
BD (Becton, Dickinson and Company)
Abbott Laboratories
Roche Diagnostics
Cephe... moreThe global North America point-of-care molecular testing for infectious diseases market is expected to reach US$ 44.59 billion in 2031 from US$ 19.21 billion in 2023. The market is estimated to grow with a CAGR of 11.1% from 2023 to 2031.
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Leading Companies in the North America Point-of-Care Molecular Testing Market:
Cue Health
BD (Becton, Dickinson and Company)
Abbott Laboratories
Roche Diagnostics
Cepheid
BioMérieux
Quidel Corporation
Danaher Corporation
Hologic, Inc.
Thermo Fisher Scientific, Inc.
Market Segmentation (2023–2031 Forecast)
By Disease:
Respiratory Infections: Dominated 2023 revenue, driven by COVID-19, flu, and RSV testing demand.
HIV/STDs: Emerging growth due to at-home testing trends and privacy-focused solutions.
By Technology:
Lateral Flow Assays: Largest share (2023), favored for speed and affordability.
Molecular Diagnostics (PCR/INAAT): Fastest-growing segment, enabled by portable PCR devices.
By Sample Type:
Blood Samples: Leading segment (2023), critical for HIV/hepatitis testing.
Nasal/Oropharyngeal Swabs: Gaining traction with respiratory pathogen multiplex kits.
By End User:
Hospitals & Clinics: Largest share (2023), driven by high patient throughput.
Home Care: Accelerating growth due to telehealth integration and self-testing kits.
Regional Dynamics: U.S. Leads, Canada Follows
United States: Accounts for ~85% of the regional market, supported by aging demographics, federal funding (e.g., BARDA contracts), and FDA fast-track approvals.
Canada: Rising investments in rural healthcare access and partnerships (e.g., 19 to Zero’s BD Veritor pilot) bolster growth.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
North America Point-of-Care Molecular Testing for Infectious Diseases Market Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage By: Diseases (HIV Testing, Influenza Testing, Sexually Transmitted Diseases Testing, Hepatitis C Virus Testing, Tropical Diseases Testing, Respiratory Infection Testing, Hospital Acquired Infections, Strep, Others), Technology (Lateral Flow Assay, Dipsticks, Microfluidics, Molecular Diagnostics, Immunoassays, Solid Phase, Others), Prescription Testing (Prescription Based Testing, OTC Testing), Sample (Blood Sample, Urine Sample, Nasal and Oropharyngeal Swabs Sample, Others), End User (Hospitals and Clinics, Home Care Settings, Ambulatory and Urgent Care Facilities, Nursing Home and Assisted Living Facilities, Research Laboratories, Diagnostics Centers), Distribution Channel (E-Com Platforms, Retail Channel and Pharmacies, Others), and Country - Download Free PDF Brochure
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The North America outdoor furniture market is expected to reach US$ 8,750.91 Mn in 2027 from US$ 5,807.13 Mn in 2018. The market is anticipated to grow at a CAGR of 4.6 % from 2019 to 2027.
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Major Companies in the Market
The report references key primary and secondary sources, including leading companies in the North American outdoor furniture market:
Agio International Company, Ltd.
Ashley Home Stores, Ltd... moreThe North America outdoor furniture market is expected to reach US$ 8,750.91 Mn in 2027 from US$ 5,807.13 Mn in 2018. The market is anticipated to grow at a CAGR of 4.6 % from 2019 to 2027.
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Major Companies in the Market
The report references key primary and secondary sources, including leading companies in the North American outdoor furniture market:
Agio International Company, Ltd.
Ashley Home Stores, Ltd.
Barbeques Galore
Brown Jordan
Century Furniture LLC
Homecrest Outdoor Living LLC
Inter IKEA Systems B.V.
Keter Group
Florida Patio Furniture Inc.
Polywood
Market Introduction
Outdoor furniture encompasses a wide range of products, including playground equipment such as tables and benches, as well as chairs, dining sets, and seating arrangements. It is primarily used to create comfortable outdoor spaces for relaxation and privacy. Lightweight materials like polyethylene and aluminum are commonly used in manufacturing outdoor furniture, ensuring easy mobility. These versatile pieces serve multiple purposes, functioning as stools, footrests, side tables, or sofas. Additionally, their flat and smooth surfaces make them easy to clean and maintain.
The market growth is driven by an increasing interest in travel, evolving lifestyle trends, and a rising preference for aesthetically appealing furniture. However, high costs and long replacement cycles pose challenges to market expansion.
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Senior Market Research Expert at Business Market Insights
The Europe medical devices marketis expected to reach US$ 232,531.7 millionby 2027 from US$ 149,480.3 million in 2019. The market is anticipated to grow with a CAGR of 5.8% from 2020 to 2027. Factors driving the market growth include growing research and development activity medical device industry, and rising chronic disease prevalence.However, the challenges in medical device industry like expensive frequent product recalls may restrain the growth of the market. Outbreak of COVID19 has generat... moreThe Europe medical devices marketis expected to reach US$ 232,531.7 millionby 2027 from US$ 149,480.3 million in 2019. The market is anticipated to grow with a CAGR of 5.8% from 2020 to 2027. Factors driving the market growth include growing research and development activity medical device industry, and rising chronic disease prevalence.However, the challenges in medical device industry like expensive frequent product recalls may restrain the growth of the market. Outbreak of COVID19 has generated the demand for rapid diagnostic kits in the market. Many key players from the region are developing rapid testing kits.
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The List of Companies - Europe Medical Devices Market
Medtronic
Abbott
Boston Scientific Corporation
Braun Melsungen AG
3M
General Electric Company
Stryker Corporation
Koninklijke Philips N.V.
Siemens AG;
Johnson and Johnson Services, Inc.
Europe Medical Devices: Strategic and Regional Insights
Overview of Medical Devices
A medical device encompasses any machine, instrument, apparatus, or article used for diagnosing, monitoring, or treating medical conditions. These devices play a crucial role in detecting, measuring, restoring, and modifying body structures or functions affected by health problems or chronic conditions. Examples include glasses, pacemakers, wheelchairs, X-ray machines, MRI scanners, and CT scans.
Medical devices are classified into four categories—Class I, IIa, IIb, and III—based on risk level, as defined by the Food and Drug Administration (FDA) and CE marking regulations. Class I devices pose the lowest risk, while Class III devices are considered high-risk and require stringent regulatory oversight.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Europe Medical Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical Devices, Cardiovascular Devices, Orthopedic, Infection Control Devices, Ophthalmology, Endoscopy, Neurology, Others); Function (Diagnostic and Monitoring, Therapeutics, Surgical, Others); End User (Homecare Medical Devices, Hospital Medical Devices, Ambulatory Care Medical Devices, Others); and Country
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The Europe silicon anode battery market was valued at US$ 7.2 million in 2019 and is projected to reach US$ 45.3 million by 2027; it is expected to grow at a CAGR of 27.1% from 2020 to 2027. In the lithium-ion battery industry, Asian rivals pose a significant challenge for European producers because they produce the commodity at meagre prices. Price is a constant threat factor for the European firms planning to set up production plants in the area. However, with successful government policies an... moreThe Europe silicon anode battery market was valued at US$ 7.2 million in 2019 and is projected to reach US$ 45.3 million by 2027; it is expected to grow at a CAGR of 27.1% from 2020 to 2027. In the lithium-ion battery industry, Asian rivals pose a significant challenge for European producers because they produce the commodity at meagre prices. Price is a constant threat factor for the European firms planning to set up production plants in the area. However, with successful government policies and subsidies, it is anticipated that the production of lithium-ion batteries will increase in the region during the forecast period.
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The List of Companies - Europe Silicon Anode Battery Market
Daejoo Electronic Materials Co., Ltd.
Hitachi Chemical Company, Ltd.
Huawei Technologies Co., Ltd.
NEXEON LTD.
Shin-Etsu Chemical Co., Ltd
Targray Technology International
Regional Insights
Germany:
Dominates due to its automotive sector’s pivot to EVs and gigafactory investments (e.g., Northvolt in Sweden with German partnerships).
Home to 15+ battery R&D centers focused on silicon anode scalability.
Nordic Countries:
Norway and Sweden lead in EV penetration and green energy storage projects, creating demand for durable, high-capacity batteries.
Italy:
Despite being hit hard by COVID-19 (GDP contraction of ~9% in 2020), recovery efforts prioritize green mobility. Incentives for EV purchases (e.g., €4,000 subsidies) and renewable projects offer growth avenues.
France & UK:
France’s “France 2030” plan allocates €1 billion for battery innovation. The UK focuses on silicon anode startups (e.g., Britishvolt) to reduce reliance on Asian imports.
Strategic Insights
Opportunities:
Supply Chain Localization: Capitalize on EU incentives to build gigafactories and reduce dependence on Asian battery suppliers.
Circular Economy: Develop recycling ecosystems for silicon anode batteries to align with EU’s Battery Regulation (2023).
Challenges:
Cost Barriers: High production costs of silicon anodes vs. graphite; scaling manufacturing is critical.
Technical Hurdles: Address silicon’s expansion issues (volume changes during charging) via nano-engineering or hybrid materials.
Differentiation Strategies:
Partner with automotive OEMs to co-develop custom silicon anode solutions.
Target underserved markets (e.g., Southern Europe) with modular energy storage systems for residential/commercial use.
Future Outlook
Innovation Trends: Solid-state silicon anode batteries and AI-driven battery management systems (BMS) to optimize performance.
Policy Tailwinds: EU’s Critical Raw Materials Act (2023) ensures supply chain resilience for silicon and lithium.
Market Growth: Europe’s silicon anode battery market is projected to grow at a CAGR of 28% (2023–2030), driven by EV and renewable energy storage demand.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
