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Rockville, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global upper airway stimulation market is estimated to reach a valuation of US$ 642.8 million in 2024 and is expected to grow at a CAGR of 12.3% during the forecast period of (2024 to 2034).

The global upper airway stimulation market is positioned for growth over the next ten years, driven by heightened demand for advanced treatments in managing sleep apnea. UAS therapy in particular is considered for those OSA patients intolerant of CPAP devices and has been gaining momentum as a far safer and more effective alternative. Key market players are leveraging technological advancements, FDA approvals, and partnerships to expand their portfolios and increase market reach.

According to recent market reports, the market was estimated to grow at a CAGR of 12.3% from 2024 to 2034 and thus reach billions of dollars in revenue in the future. Recent market developments have played an important role in this upward trend. Advanced implantable hypoglossal nerve stimulators have given OSA treatment a whole new look. The leading companies, such as Inspire Medical Systems, have been at the leading edge in offering surgically implanted devices for stimulating the hypoglossal nerve.

These improve airway muscle tone and reduce obstruction of the airways during sleep. Results from these devices are remarkable, as evidenced in long-term patient studies aimed at improving the quality of sleep and overall well-being. The invention focuses on patients who have failed CPAP therapy and will, therefore, provide a high unmet need in the OSA treatment space.

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Another driver fuelling the market is the increasing number of FDA approvals for next-generation devices to cater to less invasive solutions with improved safety and efficacy profiles. In the recent context, Inspire Medical Systems recently received FDA approval for a new version of its UAS system in July 2023, aimed at advancing treatment flexibility and patient comfort. The further interest from healthcare providers, sleep centers, and other end users leads to greater adoption of UAS devices in hospitals and clinics across the world.

Furthermore, the growing prevalence of sleep apnea among the adult population across the globe is one of the major growth factors. The study by NCOA (The National Council of Ageing), estimates that 936 Mn elder individuals suffer from mild to severe obstructive sleep apnea disorder in the world.

 It is expected that this continuously growing patient pool, combined with rising awareness and demand for actual curative treatments, will drive the adoption of the UAS technology. Geographical expansion, particularly toward North America, Europe, and the Asia-Pacific region, is thereby in great focus among the market players, on grounds of an increase in healthcare expenditure and rising diagnosis rates of the disease.

On the other hand, there are certain challenges the market has to confront – represented by the high cost of treatment and the associated strict regulatory approval process. Despite all such barriers, collaborations between medical device companies and healthcare providers are aimed at making such therapies accessible and more affordable to a wider patient demographic.

Key Takeaways from the Market Study:

• The global upper airway stimulation market is projected to grow at 12.3% CAGR and reach US$ 2,050.6 million by 2034
• The market created an opportunity of US$ 192.7 million growing at a CAGR of 10.8% between 2019 to 2023
• North America is a prominent region that is estimated to hold a market share of 38.1% in 2034
• Predominating market players include Inspire Medical Systems, Respicardia, Inc., and Medtronic Plc among others.
• Obstructive sleep apnea (OSA) under indication type is estimated to grow at a CAGR of 11.9% creating an absolute $ opportunity of US$ 1,047.9 million between 2024 and 2034

“Looking ahead, collaboration and partnerships among leading players and service providers will boost product adoption and personalized treatment,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Upper Airway Stimulation Market:

Inspire Medical Systems; Respicardia, Inc.; Medtronic Plc; LinguaFlex LLC; Siesta Medical, Inc.; Pillar Palatal LLC / The Snoring Center; Nyxoah SA; LivaNova/ImThera; Other Prominent Players

Market Development:

Going ahead, key market participants have set ambitious and measurable goals to ensure further growth. The leading players have started to focus on underdeveloped and developing markets where there is a lack of awareness and possible opportunities for the market to grow. Companies are targeting product development and government initiatives in regulatory approvals in these regions, coupled with alliances with local healthcare providers aimed at improving device penetration.

Another measurable goal is the market share acquisition through new product development and launch as well as enhancement of the existing UAS systems. It involves the development and commercialization of minimally invasive therapies that treat a broader patient pool. For example, Inspire Medical Systems develops new generations of its products, which are less invasive, less procedural complications, and less recovery time suitable for patients and physicians.

Further, market-leading companies also focused on strategic partnerships with various hospitals and sleep centers to ensure product adoption rates in end users. It aims to equip additional healthcare providers by offering UAS therapy through a broad-based training and support program, which will further expand hospital adoption rates by 10% by the year 2028. This also covers access to ambulatory surgical centers and home care settings.

There have been several technological advances in the industry that are reordering the competition dynamics. Recently, the FDA approved Inspire Medical System’s next-generation UAS device. The newer version of the UAS device (hypoglossal nerve stimulator) offers flexibility and increased patient control which is therefore much easier for a medical professional to make personalized adjustments for each particular case. With such development, a company would accordingly increase its market share, hence the revenue.

Besides technological innovation, partnerships among manufacturers of the devices and healthcare providers are driving critical roles in increasing adoption rates. Beyond 2023, additional product launches are expected in the UAS market by key players. The development of UAS devices integrated into digital health platforms for real-time monitoring further drives patient engagement and compliance, forming part of the digital transformation trend across healthcare and creating opportunities for growth and innovation within sleep apnea treatment.

The global upper airway stimulation market finds itself at an interesting juncture-one with growing demand for non-CPAP therapies coupled with technological advancement and new product pipelines. The setting of clear, quantifiable goals by the leading players in the market has set the stage for robust growth and expansion, making UAS therapy a cornerstone for the future management of sleep apnea.

Upper Airway Stimulation Industry News:

• The FDA approved LivaNova’s OSA (Obstructive Sleep Apnoea) experimental device in June 2021.
• The FDA approved Inspire Medical Systems’ next-generation Inspire V therapy system, which targets moderate to severe OSA, in August 2024.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global upper airway stimulation market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of the product type (implantable devices, external stimulation devices), patient demographics (pediatrics, and adults), indication (obstructive sleep apnea (OSA), and central sleep apnea (CSA), end-user (hospitals, sleep centers & clinics, ambulatory surgical centers, and home care settings) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

Checkout More Related Studies Published by Fact.MR Research: 

Pelvic Floor Electrical Stimulation Devices Market: The global pelvic floor electrical stimulation devices market is reflecting strong growth, particularly due to the widespread prevalence of health issues such as urinary incontinence and sexual dysfunction, coupled with awareness initiatives taken by governments and healthcare organizations towards non-surgical solutions for these issues.

Electrical Stimulation Devices Market: As per a new Fact.MR analysis, the global electrical stimulation devices are anticipated to increase at a noteworthy CAGR of 8% from 2022 to 2027. At present, the global electrical stimulation devices market is valued at US$ 7.5 billion and is projected to reach a market size of US$ 11 billion by 2027.

Continuous Positive Airway Pressure (CPAP) Device Market: The global continuous positive airway pressure (CPAP) device market size is estimated to be US$ 3,969.5 million in 2024. The global demand for CPAP devices is projected to surge at a 6.3% CAGR, reaching a market valuation of US$ 7,286.3 million by 2034.

Implantable Medical Devices Market: The global implantable medical devices market size currently accounts for a valuation of US$ 115 billion and is anticipated to reach US$ 155 billion by the end of 2027. Worldwide sales of implantable medical devices are forecasted to magnify at a CAGR of 6.1% from 2022 to 2027.

MRI Safe Implantable Defibrillator Devices Market: The global MRI safe implantable defibrillator devices market is set to enjoy a valuation of US$ 890 million in 2022 and further expand at a CAGR of 6.7% to reach US$ 1.7 billion by 2032-end.

About Us: 

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.  

Contact: 
US Sales Office: 
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Suite 400 
Rockville, MD 20852 
United States 
Tel: +1 (628) 251-1583 
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Even after the U.S. headline and core consumer price inflation rose in the month of October, the Gold spot XAU prices fell to a two-month low and have been hovering in the same range. Key ETFs that track gold, have also taken a beating.

This comes amid a rise in Bitcoin‘s BTC/USD prices which is currently trading at above $90,000 a coin after President-elect Donald Trump‘s victory.

Also read: Peter Schiff: US Bitcoin Reserve Could ‘Destroy Dollar,’ Predicts It’s ‘Highly Unlikely’ To Happen

What Happened: Gold spot prices were trading at $2,547.42 per ounce, as of 6:06 a.m. EST, which is the lowest since Sept. 11. Even though bullion is used to hedge inflation the prices of gold hovered around the two-month low levels despite the increase in the U.S. headline and core CPI data. The prices declined nearly 8% from the record high that it scaled on Oct. 31. The surge in the U.S. dollar also weighed on the precious yellow metal.

Prominent Gold ETFs have also declined as the gold spot prices have fallen. According to Benzinga Pro, Franklin Responsibility Sourced Gold ETF FGDL declined by 1.19%, whereas the SPDR Gold MiniShares Trust GLDM was down by 2.5%. Also, iShares Gold Trust Micro Shares IAUM declined by 2.57% as of 6:06 a.m. EST.

Economist Peter Schiff, however, continues to be bullish on gold because he thinks CPI will surge as used car prices in the U.S. will start falling and the Federal Reserve won’t hike rates again.

“Rising bond yields and sticky inflation continue to weigh on gold. Traders believe this combination is bearish for gold as it will sideline future rate cuts. The problem is that CPI numbers will soon surge as used car prices stop falling. The Fed won’t hike. Gold will surge.”

Rising bond yields and sticky #inflation continue to weigh on #gold. Traders believe this combination is bearish for gold as it will sideline future rate cuts. The problem is that #CPI numbers will soon surge as used car prices stop falling. The #Fed won’t hike. Gold will surge.

— Peter Schiff (@PeterSchiff) November 13, 2024

Also read: Peter Schiff Says He Would Have ‘Loaded Up’ On Bitcoin Had He Known That The BTC Bubble Would ‘Get This Big’

Simultaneously, Bitcoin BTC/USD has been scaling new highs as it surpassed Silver XAG to become the eighth most valuable asset globally, with a market capitalization of $1.79 trillion.

Bitcoin prices have surged dramatically, adding over $300 billion to its market capitalization in just two weeks. This meteoric rise has pushed Bitcoin’s total value above both silver and Meta in terms of market capitalization, according to usagold.com. The rally has been attributed to multiple factors, including Trump’s recent election victory, increased institutional adoption and the evolving regulatory landscape.

Why It Matters: Trump during his pre-election campaign promised the launch of a strategic national crypto stockpile if elected for a second term. He also said that the U.S. government will maintain its Bitcoin holdings that it has amassed from seizing the assets of financial criminals, during a conference that he addressed in Nashville in July. These promises have led to the rise in crypto prices since his victory last week and the cryptocurrency market capitalization has hit a record $3.2 trillion.

Earlier this week on Tuesday, Schiff took to X (formerly Twitter) to encourage traders to invest in silver over bitcoin as gold prices fell.

With so many people selling #gold ETFs today to buy #Bitcoin ETFs and Bitcoin-related equities, #silver held up relatively well. With gold down 2.4%, silver only fell 1.8%. Typically, on a day when gold is down this much, silver would be down twice as much. Maybe a silver lining.

— Peter Schiff (@PeterSchiff) November 11, 2024

Image via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Rockville, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) — According to a recently revised study published by seasoned analysts at Fact.MR, worldwide revenue from the sales of car fuel filters is set to reach US$ 1.74 billion in 2024. The global car fuel filter market has been analyzed to increase steadily at a CAGR of 5.8% from 2024 to 2034.

Ever-increasing sales of vehicles worldwide are contributing to the growing demand for car fuel filters. Since clean fuel delivery is necessary for efficient combustion and reduced emissions, fuel filters are important to maintain engine health and performance. Even though electric vehicles (EVs) don’t require fuel filters, their sales are extremely less as compared to gasoline cars. Hybrid cars, which combine internal combustion engines with electric propulsion systems, still need high-quality gasoline filters to ensure a clean fuel supply and efficient engine functioning. Because people want higher fuel efficiency from their automobiles, the hybrid vehicles industry is growing substantially, which is contributing to car fuel filter market growth.

Japan is at the center of automotive technology progress, being one of the top automakers in the world. High-performance fuel filters are increasing in demand as modern cars with advanced engines become more complicated.

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Key Takeaways from Market Study

• The global car fuel filter market is evaluated to reach a size of US$ 3.05 billion by the end of 2034.
• North America is expected to hold 1% of the global market share in 2024.
• Demand for fuel filters for use in SUVs is forecasted to increase at 2% CAGR through 2034.
• The East Asia market is forecasted to reach US$ 740.3 million by the end of 2034.
• In 2024, China is poised to account for 75% of the market share in the East Asia region.
• Based on fuel type, the CNG/gasoline segment is forecasted to generate revenue worth US$ 2.37 billion by 2034.
• The market in China is projected to rise at a CAGR of 9% between 2024 and 2034.

“Car fuel filter manufacturers will do well to partner with automotive part retailers and service centers as well as expand their e-Commerce presence to drive D2C sales,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Car Fuel Filter Market

Key players in the car fuel filter market are Denso Corp, MAHLE GmbH, Parker Hannifin Corp., Cummins Inc., Mann+Hummel Group, Sogefi S.p.A, UFI Filters Group, ACDelco, FRAM Group IP LLC, Hengst SE & Co. KG, Robert Bosch GmbH, Valeo SA.

Compact & Mid-Sized Cars Account for Higher Product Deployment

Car fuel filters are increasing in demand due to rapidly rising sales of small- and medium-sized cars globally. These cars are budget-friendly compared to SUVs and premium vehicles. Due to this, use of fuel filters is high in compact and medium-sized cars. To maintain the long life and performance of any type of vehicle, fuel filters are necessary. More people now prefer compact and medium-sized cars due to fuel efficiency and less cost.

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Car Fuel Filter Industry News:

• The largest car filter manufacturer in Latin America, Tecfil, of Brazil, unveiled The EcoLigna, the first sustainable lignin-based vehicle filter, to the North American market in October 2023.
• Uno Minda introduced a comprehensive range of fuel filters for commercial vehicles in October 2023 that enhance engine performance and lifetime. In order to address the evolving needs of commercial vehicle owners and operators, these new filters were developed to ensure optimal fuel filtering and adhere to stringent emission laws.
• Uno Minda unveiled a wide selection of commercial vehicle fuel filters in August 2023 that improve engine performance and lifetime. These new filters were created to meet the changing demands of operators and owners of commercial vehicles while maintaining the highest standards of gasoline filtration and complying with strict emission regulations.
• On the 58th Founder’s Day in March 2022, TVS Auto Bangladesh and Steelbird International, a well-known auto component maker and an industry pioneer in India, formally formed a joint venture to manufacture premium, best-in-class automobile filters.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the car fuel filter market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (spin-on fuel filters, inline fuel filters, cartridge fuel filters, nylon fuel filters, in-tank fuel filters, universal fuel filters), fuel type (diesel fuel filters, CNG/gasoline fuel filters), vehicle type (compact & mid-sized passenger cars, premium passenger cars, SUVs), and sales channel (OEM, OES, IAM), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Check out More Related Studies Published by Fact.MR:

Automotive Filter Market: Size was valued at US$ 17.0 billion and is projected to increase at a 4.0% annual rate in 2022, reaching a closing value of US$ 17.77 billion. Additionally, growth is anticipated to rise at a staggering 4.5% CAGR during the 2022–2032 assessment period, reaching US$ 27.59 billion.

Automotive Fuel Filter Market: Size at a value of US$ 2.77 billion in 2024. Worldwide sales of automotive fuel filters are projected to increase to US$ 5.09 billion by the end of 2034, rising at 6.3% CAGR between 2024 and 2034.

Motorcycle Filter Market: Sales are estimated to touch US$ 3.86 billion in 2024. The global motorcycle filter market is forecasted to expand at a CAGR of 5.1% to reach a valuation of US$ 6.36 billion by the end of 2034.

Car Oil Filter Market: Size is expected to grow at a consistent compound annual growth rate (CAGR) of 4.1% over the next ten years, from its 2023 size of US$ 2.32 billion to US$ 3.47 billion by the end of 2033, according to this comprehensive industry study by market research and competitive intelligence provider Fact.MR.

Motorcycle Market: Size was valued at $110 billion in 2023 and is expected to grow at a 4% CAGR, reaching $163 billion by 2033.

Motorcycle Accessory Market: Size is poised to reach US$ 8.81 billion in 2024. The market has been projected to expand at a CAGR of 3.6% and reach a valuation of US$ 21.05 billion by the end of 2034.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.

Contact:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
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