The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Metal Recycling Equipment Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Metal Recycling Equipment Industry (2024-2030):
According to the latest report, The Metal Recycling Equipment Market size was valued at around USD 3.2 billion in 2023 & is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Metal Recycling Equipment industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2024-30
· CAGR (2024-30): 6.7%
What are the major Driver the Metal Recycling Equipment industry?
Increasing Cases of Neurological Diseases – For the past 30 years, neurological conditions such as stroke, brain tumors, dementia, and meningitis have increasingly been recorded all over the world. This increase is either directly or indirectly associated with population growth, aging, and further exposure to environmental, metabolic, and lifestyle risks. Neuro-navigational technology is a sophisticated method that makes it possible to identify the localization of critical brain structures, including cranial nerves and carotid arteries, implanted many times extremely deeply within the tumor. The surgeons get an instant view of the tracked device, thus acquiring anatomical awareness and confidence during the procedures performed. In this connection, the ability to make highly accurate excisions of the tumors so that the surgeons can draw the borders of the tumor and perform operations without damaging the healthy surrounding tissue.
Therefore, the increasing cases of neurological diseases are driving the demand for neuro navigation systems as these systems are very helpful in the precise & accurate treatment of such diseases, ultimately the increasing requirements for such devices are driving the market growth & expansion.
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Metal Recycling Equipment Market Segmentation
The Metal Recycling Equipment Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Technology
- Optical system- Market Size & Forecast 2019-2030, USD Million
- Electromagnetic system- Market Size & Forecast 2019-2030, USD Million
- Hybrid Navigation Systems- Market Size & Forecast 2019-2030, USD Million
- By Application
- Neurosurgery- Market Size & Forecast 2019-2030, USD Million
- ENT Surgery- Market Size & Forecast 2019-2030, USD Million
- Maxillofacial Surgery- Market Size & Forecast 2019-2030, USD Million
- Orthopedic Navigation Systems- Market Size & Forecast 2019-2030, USD Million
- Spinal Surgery- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- By End User
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Neurology Clinics- Market Size & Forecast 2019-2030, USD Million
- Ambulatory Surgical Centers- Market Size & Forecast 2019-2030, USD Million
- Research Center- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Metal Recycling Equipment Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Metal Recycling Equipment Market
Medtronic PLC, Brainlab AG, Stryker Corporation, B. Braun Melsungen AG, Fiagon GmbH, Scopis GmbH, Soterix Medical Inc., Synaptive Medical Inc., ClaroNav, 7D Surgical, Zimmer Biomet, Northern Digital Inc., Karl Storz SE, Siemens Healthineers, Nexstim and others
Global Neuro Navigation Systems Recent Development:
September 2024: Medtronic novelized its AiBLE™ spine surgery ecosystem by advancing technologies and partnering with Siemens Healthineers to elevate its neuroscience portfolio to promote improved outcomes and patient care in spine surgeries.
January 2022: Hemostasis LLC, a trailblazer in healing for ear, nose, and throat (ENT), is actively engaged in the acquisition of Fiagon Medical Technologies, an electromagnetic surgical navigation solution leader.
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