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Global Industrial Weighing Equipment Market to Reach $2.8 Billion by 2027

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New York, April 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Weighing Equipment Industry” – https://www.reportlinker.com/p05151465/?utm_source=GNW
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Global Industrial Weighing Equipment Market to Reach $2.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Weighing Equipment estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Industrial Manufacturing, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$805.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation & Logistics segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $570.2 Million, While China is Forecast to Grow at 6.7% CAGR

The Industrial Weighing Equipment market in the U.S. is estimated at US$570.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$474.1 Million by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Chemical Processing Segment to Record 4.1% CAGR

In the global Chemical Processing segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$216.5 Million in the year 2020 will reach a projected size of US$280.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$374.2 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.
Select Competitors (Total 183 Featured) –

  • A&D Weighing
  • ATRAX Group NZ Ltd.
  • Avery Weigh-Tronix, LLC
  • Bilwinco AS
  • CI Precision Ltd.
  • D Brash & Sons, Ltd.
  • Easiweigh Limited
  • Fairbanks Scales, Inc.
  • Maguire Products, Inc.
  • Mettler-Toledo International, Inc.
  • Minebea Intec
  • OHAUS Corporation
  • RADWAG Wagi Elektroniczne
  • Thompson Scale Company
  • Walz Scale

Read the full report: https://www.reportlinker.com/p05151465/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
Percentage of Companies Impacted by Supply Chain Delays Due to
COVID-19 Worldwide as of August 2020
Weak Global Economic Environment & Negative Tide in GDP
Forecasts Discourage the Market
World Economic Growth Projections (Real GDP, Annual % Change)
for 2019 to 2022
Industrial Activity to Remain Subdued in the Immediate Term,
Inducing Weakness into the Market
Global PMI Index Points for the Years 2018, 2019 & 2020
Industrial Weighing Equipment – Global Key Competitors
Percentage Market Share in 2022 (E)
An Introduction to Industrial Weighing Equipment
Load Cells: Core Component of Weighing Instruments
Types of Industrial Weighing Equipment
Floor Scales
Bench Scales
Continuous Weigh Feeders
Continuous Weighing Equipment
Check-Weighing Scales
Precision Balances
Transportation Scales
Electronic Weigh Scales
Factors Impacting Performance of Industrial Weighing Scales
Global Market Prospects & Outlook
Shift from Manual to Automated Solutions: A Prominent Trend in
the Market
Manufacturing Remains Pivotal Segment of Industrial Weighing
Equipment Market
Developed Regions Lead, Developing Economies to Fuel Long-term
Growth
Competition
World Brands
Recent Market Activity
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Technological Trends Transform Industrial Weighing Equipment
Market
Wireless Weighing to Gather Steam
Programmable Weighing Systems Find Favor in Industrial
Applications
Cloud-Based Industrial Weighing Machines to Gain Wider Adoption
Introduction of Sophisticated Weighing Equipment
Weighing Equipment Gets Smarter
Dynamic Scales with New Functions
Upgraded Weighing Equipment for Terminals & Ports
Loaders with Weighing Technology
Automated and Digital Weighing Scales Adoption Rise Amidst the
Automation Trend in Industries
Digital Technology Proves Beneficial for Weighing Service
Providers
End-Use Industries Flock toward Automated Weighing Equipment to
Streamline Tasks
Industry 4.0 Redefines Manufacturing, Driving Demand for
Industry 4.0 Compliant Weighing Solutions
Major Industry 4.0 Technologies: Global Market Size (US$
Billion) for Internet of Things (IoT), Big Data, Smart
Factory, Advanced Analytics, Service Robotics, and Smart
Machines for 2020
Artificial Intelligence Transforms Weighing Equipment into
Intelligent Systems
AI-Ready Weighbridge for Waste and Recycling Applications
Waste Reduction through Weighing Equipment Gives Thrust to Lean
Manufacturing
Mobile Weighing Technology Emerges to Address Need for Faster
Transportation & Logistics
Technology Advancements & Innovations in Industrial Weighing
Machines to Spur Growth
Select Innovations in Industrial Weighing Equipment
Developments in Load Cell Technology Influence Weighing Machinery
USB Load Cells Come to Fore
Digital Load Cells Gain Prominence in Specialized Applications
Common Issues Facing Load Cells
Transportation & Logistics Emerges as a Key Driver of Demand
Growth
International Trade Volumes: An Indicator of Potential
Opportunities
Volume Growth (in %) for Worldwide Merchandise Exports &
Imports for Q1 2018 through Q3 2020
Global Merchandise Trade Exports Volume Growth (in %) by Region
for 2018-2020
Global Merchandise Trade Imports Volume Growth (in %) by Region
for 2018-2020
Scales for Weighing Truckloads: An Overview
Lift Truck Scales for Logistics and Shipping Operations
Potential Opportunities for On-Board Vehicle Weighing Systems
E-Commerce Growth Presents Opportunities for Weighing Scales
Table 61: Global e-Commerce Market Growth Outlook (In %) for
Years 2019-2025
Weighing Systems Improve Efficiency of Mining Operations
Breakdown of Key Risk Factors for Mining & Metals Industry in 2020
Industrial Weighing Scales Critical in Mining Operations
Metal Industries Rely on Weighing Equipment to Streamline
Production Cycle
Growing Significance of Weighing Instruments in Pharmaceutical
Manufacturing
Global Pharmaceutical Manufacturing Market Size (in US$
Billion) for 2019, 2022 and 2025
Chemical Processing: Weighing Equipment Play Critical Role to
Maintain Standard Weight Configurations
Global Chemicals & Minerals Market Growth (in %) for Years 2019
through 2025
Construction Material Manufacturers Rely on Weighing Equipment
across Various Production Stages
Global Construction Industry Growth Outlook (in %) for 2019-2025
Weighing Equipment Gain Precedence in Textile Sector
Pulp and Paper Manufacturers Look to Leverage Proficiency of
Weighing Equipment
Regulations to Drive Weighing Equipment Demand in Waste
Management Industry
Global Waste Management Market Size (in US$ Billion) for the
Years 2019, 2021, 2023 & 2025
Maintenance of Truck Scales: A Challenging Task
Industrial Truck Scales: Focus on Key Issues
Rising Prominence of Floor Scales in Industrial Weighing
Equipment Industry
Replacement Demand to Support Market Growth
Regulatory Guidelines to Influence Market Prospects
Challenges Facing Industrial Weighing Equipment Market

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Industrial Weighing
Equipment by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Industrial Weighing
Equipment by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2021 & 2027

Table 4: World Recent Past, Current & Future Analysis for
Industrial Manufacturing by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Industrial Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Industrial Manufacturing
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Transportation & Logistics by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Transportation & Logistics
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Transportation &
Logistics by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2012, 2021 &
2027

Table 10: World Recent Past, Current & Future Analysis for
Chemical Processing by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Chemical Processing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Chemical Processing by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Recent Past, Current & Future Analysis for
Metal & Mining by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Metal & Mining by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Metal & Mining by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Recent Past, Current & Future Analysis for Food &
Beverages by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Food & Beverages by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Food & Beverages by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Recent Past, Current & Future Analysis for
Waste Recycling by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Waste Recycling by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Waste Recycling by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Recent Past, Current & Future Analysis for
Other Applications by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United States for 2022
(E)
Market Overview
Table 25: USA Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Industrial Weighing Equipment
by Application – Industrial Manufacturing, Transportation &
Logistics, Chemical Processing, Metal & Mining, Food &
Beverages, Waste Recycling and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

CANADA
Table 28: Canada Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 29: Canada Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 30: Canada 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

JAPAN
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Japan for 2022 (E)
Table 31: Japan Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Japan Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 33: Japan 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

CHINA
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in China for 2022 (E)
Table 34: China Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 35: China Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 36: China 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

EUROPE
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Europe for 2022 (E)
Market Overview
Table 37: Europe Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 38: Europe Historic Review for Industrial Weighing
Equipment by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 39: Europe 15-Year Perspective for Industrial Weighing
Equipment by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2021 & 2027

Table 40: Europe Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 41: Europe Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 42: Europe 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

FRANCE
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in France for 2022 (E)
Table 43: France Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 44: France Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 45: France 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

GERMANY
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Germany for 2022 (E)
Table 46: Germany Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 47: Germany Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 48: Germany 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

ITALY
Table 49: Italy Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 50: Italy Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 51: Italy 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

UNITED KINGDOM
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United Kingdom for 2022
(E)
Table 52: UK Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 53: UK Historic Review for Industrial Weighing Equipment
by Application – Industrial Manufacturing, Transportation &
Logistics, Chemical Processing, Metal & Mining, Food &
Beverages, Waste Recycling and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 54: UK 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

SPAIN
Table 55: Spain Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 56: Spain Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 57: Spain 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

RUSSIA
Table 58: Russia Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 59: Russia Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 60: Russia 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

REST OF EUROPE
Table 61: Rest of Europe Recent Past, Current & Future Analysis
for Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 62: Rest of Europe Historic Review for Industrial
Weighing Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 63: Rest of Europe 15-Year Perspective for Industrial
Weighing Equipment by Application – Percentage Breakdown of
Value Sales for Industrial Manufacturing, Transportation &
Logistics, Chemical Processing, Metal & Mining, Food &
Beverages, Waste Recycling and Other Applications for the Years
2012, 2021 & 2027

ASIA-PACIFIC
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Asia-Pacific for 2022 (E)
Table 64: Asia-Pacific Recent Past, Current & Future Analysis
for Industrial Weighing Equipment by Geographic Region –
Australia, India, South Korea and Rest of Asia-Pacific Markets –
Independent Analysis of Annual Sales in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 65: Asia-Pacific Historic Review for Industrial Weighing
Equipment by Geographic Region – Australia, India, South Korea
and Rest of Asia-Pacific Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 66: Asia-Pacific 15-Year Perspective for Industrial
Weighing Equipment by Geographic Region – Percentage Breakdown
of Value Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2012, 2021 & 2027

Table 67: Asia-Pacific Recent Past, Current & Future Analysis
for Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 68: Asia-Pacific Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 69: Asia-Pacific 15-Year Perspective for Industrial
Weighing Equipment by Application – Percentage Breakdown of
Value Sales for Industrial Manufacturing, Transportation &
Logistics, Chemical Processing, Metal & Mining, Food &
Beverages, Waste Recycling and Other Applications for the Years
2012, 2021 & 2027

AUSTRALIA
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Australia for 2022 (E)
Table 70: Australia Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 71: Australia Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 72: Australia 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

INDIA
Industrial Weighing Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in India for 2022 (E)
Market Overview
Table 73: India Recent Past, Current & Future Analysis for
Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 74: India Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 75: India 15-Year Perspective for Industrial Weighing
Equipment by Application – Percentage Breakdown of Value Sales
for Industrial Manufacturing, Transportation & Logistics,
Chemical Processing, Metal & Mining, Food & Beverages, Waste
Recycling and Other Applications for the Years 2012, 2021 &
2027

SOUTH KOREA
Table 76: South Korea Recent Past, Current & Future Analysis
for Industrial Weighing Equipment by Application – Industrial
Manufacturing, Transportation & Logistics, Chemical Processing,
Metal & Mining, Food & Beverages, Waste Recycling and Other
Applications – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 77: South Korea Historic Review for Industrial Weighing
Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 78: South Korea 15-Year Perspective for Industrial
Weighing Equipment by Application – Percentage Breakdown of
Value Sales for Industrial Manufacturing, Transportation &
Logistics, Chemical Processing, Metal & Mining, Food &
Beverages, Waste Recycling and Other Applications for the Years
2012, 2021 & 2027

REST OF ASIA-PACIFIC
Table 79: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Industrial Weighing Equipment by Application –
Industrial Manufacturing, Transportation & Logistics, Chemical
Processing, Metal & Mining, Food & Beverages, Waste Recycling
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 80: Rest of Asia-Pacific Historic Review for Industrial
Weighing Equipment by Application – Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 81: Rest of Asia-Pacific 15-Year Perspective for
Industrial Weighing Equipment by Application – Percentage
Breakdown of Value Sales for Industrial Manufacturing,
Transportation & Logistics, Chemical Processing, Metal &
Mining, Food & Beverages, Waste Recycling and Other
Applications for the Years 2012, 2021 & 2027

LATIN AMERICA
Industrial Weighing Equipment Market Presence – Strong/Active/

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Lithium Miners Strategize for Long-Term Gains as Market Recovers

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USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including  liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the  Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/ 
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
 
 

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ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations

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New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.

Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases. 
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.

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Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™

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CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China),  KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
Medical Robots Market – Global Forecasts to 2029
Minimally Invasive Surgery Market – Global Forecasts to 2029
Spinal Implants Market – Global Forecasts to 2028
Medical Waste Management Market – Global Forecasts to 2028
Operating Room Integration Market – Global Forecasts to 2028
Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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