Hybrid Additive Manufacturing Market Size Worth $242.9 Million By 2027

The global hybrid additive manufacturing market size is expected to reach USD 242.9 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.8% from 2020 to 2027. Increasing demand for low volume and complex design automotive parts is likely to contribute to the growth of the market.

The automotive industry has rapidly adopted additive manufacturing technology in recent years. Numerous companies have changed traditional processes with additive manufacturing, which is a relatively new, faster, and more cost-effective process. One of the key benefits of hybrid 3D printing or hybrid additive manufacturing is reduction in wastage. With the help of this process, the manufacturer uses only necessary material for production of components, thereby reducing the cost of materials.

R&D investments in the production of automotive parts is another key focus area for market vendors. For instance, BigRep, a 3D printer producer company based in Germany, and Polymertal, an Israel-based company, are working on the development of prototype of automotive exhaust manifold. The companies have used a hybrid approach using metal plating and additive manufacturing in order to develop this product. Similar investments by other companies are likely to assist in the growth of market.

Development of new 3D printers and their components is likely to remain one of the important growth factors for market vendors over the long term. For instance, 3D-Hybride, a U.S.-based company, has started delivering 3D printing based metal printheads. These printheads can be installed with any CNC machines. This can assist in turning the CNC machine into hybrid additive manufacturing machine. Material for this machine is used in the form of alloy wire.

Metal additive manufacturing is gaining significant attention from industries, such as aerospace and medical. However, nearly all the parts made using this process require further machining operations, such as turning, milling, and grinding, which increases lead time and costs. These factors are likely to assist in the penetration of hybrid additive manufacturing owing to its capability to perform various operations on a single machine.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hybrid-additive-manufacturing-market

Further key findings from the study suggest:

Titanium emerged as the largest material segment in 2019 with a share of 38.0%. The growth of the segment is attributed to increasing demand for new aircraft on account of growing passenger traffic
Aluminum is projected to expand at a lucrative CAGR of 15.1% from 2020 to 2027 on account of its lightweight properties and recycling nature
The medical end-use segment was valued at USD 22.3 million in 2019. Increasing healthcare expenditure and technological advancement in medical devices and implants are the key factors boosting the segment growth.

Shell & Tube Heat Exchangers Market Size Worth $9.19 Billion By 2027

The global shell and tube heat exchangers market size is expected to reach USD 9.19 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% from 2020 to 2027. The growth of market can be attributed to the increasing product demand from numerous end-use industries, including power generation, chemicals, food and beverage, and petrochemical.

Several types of shell and tube heat exchangers, such as a single helical tube, spiral tube, and dual tube coil (DTC), are used in petrochemical plants. The penetration of shell and tube heat exchangers is witnessing significant growth in the oil refineries and petrochemical plants on account of their easy maintenance, robust geometry construction, and possible upgrades.

The presence of internal heat exchanger substitutes, such as plate and frame, micro-channel, welded plate and block, and welded spiral heat exchanger, is likely to hamper the market growth. The development of micro-channel heat exchangers is anticipated to substitute the product in HVAC applications owing to its eco-friendly characteristics.

Manufacturers of shell and tube heat exchangers are engaged in adopting various strategies including mergers & acquisitions, new product development, diversification, and geographical expansion. These strategies aid the companies in augmenting their market presence and catering to the changing technological demand of various end-use industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/shell-tube-heat-exchangers-market

Further key findings from the report suggest:

Steel as a raw material dominated the overall market and accounted for 30.9% share of overall revenue in 2019 owing to low cost and favorable properties, including resistance to corrosion, good strength, and high-temperature resistance to scaling and oxidation
Demand for shell and tube heat exchangers is anticipated to grow significantly in the chemical industry on account of their properties, such as design flexibility, high corrosion resistance, and easy maintenance and repair
Asia Pacific is a prime region and driving high demand for shell and tube heat exchangers on account of substantial growth of the chemical, petrochemical, and power generation industries in the countries, including China, India, Japan, and Indonesia
Europe held the second-largest share in the market in 2019 on account of stringent regulations to reduce CO2 and greenhouse gas emissions
Presence of local players, majorly in Asia, is expected to pose a significant threat to large global players in terms of price and quality of products, which are provided to the consumers.

Dental Implants Market Size Worth $9.0 Billion By 2027

The global dental implants market size is expected to reach a value of USD 9.0 billion by 2027, registering a CAGR of 9.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for tooth replacement has provided good growth potential to the market. Increasing number of dental injuries owing to road accidents and sports injuries are some of the major factors boosting the demand.

With growing aesthetic awareness, people are exploring more treatment options, which is leading to the growth of the market. For instance, as per the American Academy of Cosmetic Dentistry data, more than 95% of individuals across the globe believe that their smile is a vital social asset and nearly 84% revealed to be under an increased pressure to perfect their smile, thus increasing the product demand.

Dental implants are considered as the only restorative technique that preserves and stimulates natural bone. Owing to the growing number of edentulous people, the demand for prosthetics is increasing, which is expected to be one of the major impact rendering drivers for the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dental-implants-market

Further key findings from the study suggest:

The titanium implant type segment held the largest market share in 2019 due to its wide applications, durability, and cost-effectiveness
Zirconia implants are anticipated to witness a lucrative growth rate over the forecast period due to better flexural strength, improved aesthetic appearance, and less corrosiveness as compared to titanium
Europe dominated the market in 2019 owing to the large geriatric population and the presence of established market players
Asia Pacific region is anticipated to grow at a rapid pace over the forecast period owing to increasing disposable income, growing geriatric population and increasing awareness regarding oral hygiene and treatment options
Some of the key companies in the dental implants market are Nobel Biocare Services AG; BioHorizons IPH, Inc.; Straumann AG; Zimmer Biomet Holdings, Inc.; DENTSPLY Sirona; OSSTEM IMPLANT; Bicon, LLC; Leader Italy; Anthogyr SAS; KYOCERA Medical Corporation; DENTIUM Co., Ltd.; T-Plus Implant Tech. Co.; and DENTIS

Sternal Closure Systems Market Size Worth $3.12 Billion By 2026

The global sternal closure systems market size is expected to reach USD 3.12 billion by 2026, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% during the forecast period. The market is driven by growing number of surgeries undertaken to treat complex cardiovascular problems. For instance, according to the data published by American Heart Association (AHA), in 2014, around 520,000 Coronary Artery Bypass Graft (CABG) surgeries performed in the U.S. the report further states that more than 800,000 CABG surgeries are performed worldwide every year.

Furthermore, National Health Interview Survey conducted by CDC in 2016 concluded that 28.1 million people were diagnosed with heart related disorder including, valvular heart disease, cardiac arrest. Moreover, technological advancements such as Talon systems, double sternal wires and favorable reimbursement criteria would propel growth in near future.

Mergers & acquisitions, new product development and geographical expansion are key sustainability strategies adopted by players in the sternal closure systems market. For instance, KLS Martin, in a vain to increase its geographical presence started its sales operations in the U.K., the Netherlands, Italy, France, Australia, Russia, Dubai, Japan, Malaysia and Brazil in last couple of years. The company is also focusing on Asia Pacific to seize the opportunity owing to larger patient pool in the region. In line with the strategy, in June 2016, the company started manufacturing unit in Chennai, India.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sternal-closure-systems-market

Further Key Findings from the Study Suggest:

Rising adoption of cardiothoracic surgeries including Coronary Artery Bypass Graft (CABG), Aortic valve surgery, Arrhythmia surgery is anticipated to fuel growth in near future.
The closure devices segment held major shares of the global market in 2017, owing to introduction of technologically advanced clips and wires globally and favorable reimbursement regulations offer by developed regions such as North America and Europe.
The PEEK segment is anticipated to post significant growth over the coming years due to several benefits offered by the material, including biocompatibility, chemical resistance, end-product purity, high temperature resistance, and thermoformable nature
North America dominated the market in 2018. Growth of region can be attributed to presence of a large number of players and high competition rivalry in the market. Moreover, rising adoption of technologically advanced systems coupled with presence of skilled professionals will further boost growth of the region.
Asia Pacific is expected to grow at the highest pace during forecast period on the backdrop of increased per capita income, growing need for improved healthcare infrastructure and rising patient pool
The market is currently consolidated, with few companies capturing major shares. However, increasing demand for innovative technologies and recent market dynamics are making way for new entrants.