
AM Best Affirms Credit Ratings of Lloyd's Syndicate 2001
The Lloyd's market rating is the floor for all syndicate ratings, reflecting Lloyd's chain of security, and, in particular, the role of the Central Fund, which partially mutualises capital at the market level. The ratings of Syndicate 2001 reflect the balance sheet strength of the Lloyd's market, which AM Best assesses as very strong, as well as the market's strong operating performance, very favourable business profile and appropriate enterprise risk management.
Syndicate 2001's operating performance has improved in recent years, demonstrated by the USD 212 million and USD 257 million profit recorded in 2024 and 2023, respectively. The recovery has been driven by improved underwriting profitability, with the syndicate achieving combined ratios in the mid-to-high 80% range in 2024 and 2023, which followed multiple years of underwriting losses. The recent improvement contributed to the reduction of the syndicate's five-year (2020-2024) weighted average combined ratio to 97.3%. Despite the recovery in total earnings and underwriting performance, the syndicate's recent operating performance remains below that of the overall Lloyd's market.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
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Business Upturn
20 minutes ago
- Business Upturn
Global IoT in Defense Market Size: Accelerating Growth with 14.8% CAGR, Aiming for USD 197.93 Billion by 2034
NEW YORK, United States, Aug. 11, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'IoT in Defense Market By Components (Hardware, Software, And Services), By Connectivity Technology (Cellular, Wi-Fi, Satellite Communication, and Radio Frequency), By Deployment Mode (On-premises and Cloud-based), By Application (fleet management, inventory management, equipment maintenance, security, and others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' in its research database. 'According to the latest research study, the demand of global IoT In Defense Market size & share in terms of revenue was valued at USD 43.92 billion in 2024 and it is expected to surpass around USD 197.93 billion mark by 2034, growing at a compound annual growth rate (CAGR) of approximately 14.8% during the forecast period 2025 to 2034.' What is IoT In Defense? How big is the IoT in Defense Industry? IoT technology is known as the Internet of Things. It refers to the use of advanced technological tools such as software, sensors, and communication devices to connect several systems capable of exchanging information and data through the internet. IoT is driven by concepts of computer science engineering, communication technology, and electronics, as these components form the main pillar of using IoT in several end-user applications, including the growing defense sector. The changing national security needs of developing and developed countries have created a need for integrating sophisticated and functional technologies to maintain and optimally use defense equipment. IoT in defense allows countries to undertake intelligent warfare by facilitating modern battle operations that are a result of the efficient integration of human knowledge and technological capabilities of IoT devices. Physical objects used by defense units are embedded with sensors and other equipment that allow each object to communicate with other defense objects. Some of the most commonly collected and exchanged data consist of heart rate, fingerprints, face, and facial expression. Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – (A free sample of this report is available upon request; please contact us for more information.) Global IoT In Defense Market: Growth Factors The global IoT in defense market is projected to grow owing to the increasing application of Internet of Things technology in defense fleet and ammunition management. With the constant addition of new defense equipment and other technologies, security agencies are starting to invest in intelligent tools that help them maintain a large fleet of multi-billion-dollar weapons and gear. This helps the agencies stay prepared in case of a sudden need for weapon deployment. Fleet management is crucial for controlling costs and optimizing the utilization of resources. The changing global order and increasing social-political tensions between cross-border territories have resulted in more countries ramping up their defense investments to ensure national security. Regional governments are either collaborating with transcontinental suppliers of weapons for new equipment or investing in domestic research & development. Key Insights As per the analysis shared by our research analyst, the global IoT in defense market is estimated to grow annually at a CAGR of around 14.8% over the forecast period (2025-2034). Regarding revenue, the global IoT in defense market size was valued at around USD 43.92 billion in 2024 and is projected to reach USD 197.93 billion by 2034. The IoT in defense market is projected to grow at a significant rate due to the growing need for enhanced situational awareness, surveillance, and real-time data in modern warfare. Based on the Component, the Hardware segment is expected to lead the global market. On the basis of Connectivity Technology, the Cellular segment is growing at a high rate and will continue to dominate the global market. Based on the Deployment Mode, the On-premises segment is projected to swipe the largest market share. By Application, the Fleet Management segment is expected to dominate the global market. Based on region, North America is predicted to dominate the global market during the forecast period. Directly Purchase a Copy of the Report | Quick Delivery Available – Report Scope Report Attribute Details Market Size in 2024 USD 43.92 billion Projected Market Size in 2034 USD 197.93 billion CAGR Growth Rate 14.8% CAGR Base Year 2024 Forecast Years 2025-2034 Key Market Players CACI International Inc., Lockheed Martin Corporation, BAE Systems plc, Thales Group, Raytheon Technologies Corporation, Honeywell International Inc., Northrop Grumman Corporation, SAIC, L3Harris Technologies Inc., General Dynamics Corporation, Kratos Defense & Security Solutions Inc., Siemens AG, Boeing Company, Leidos Holdings Inc., Cisco Systems Inc., and others. Key Segment By Components, By Connectivity Technology, By Deployment Mode, By Application, and By Region Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Purchase Options Request customized purchase options to meet your research needs. Explore purchase options IoT In Defense Market: Segmentation Analysis The global IoT in defense market is segmented based on components, connectivity technology, deployment mode, application, and region. In terms of components, the global IoT in defense market is divided into hardware, software, and services. The hardware segment is growing at a high rate and is projected to dominate the global market. Based on connectivity technology, the IoT in defense industry segments are cellular, wi-fi, satellite communication, and radio frequency. In 2024, the highest growth was observed in the cellular segment as a result of the greater availability of cellular networks and the changing landscape around machine-to-machine (M2M) technology. By deployment mode, the global IoT in defense market is divided into on-premises and cloud-based. The on-premises segment is expected to dominate the global market during the forecast period. Based on application, the IoT in defense industry is divided into fleet management, inventory management, equipment maintenance, security, and others. In 2024, the highest growth was registered in the fleet management segment due to the growing need to ensure optimum utilization of the defense equipment fleet. To know an additional revised 2025 list of market players, request a brochure of the report: Why is North America outperforming other regions in the global IoT in defense market? The global IoT in defense market is currently dominated by North America, with the United States leading due to its advanced technological capabilities, robust defense industry, and significant investments in research and development. The U.S. remains the world's largest arms exporter, accounting for nearly 40% of global arms sales, and its defense sector benefits from cutting-edge innovations driven by major corporations like Lockheed Martin, Raytheon, and Northrop Grumman. These companies integrate IoT solutions such as smart sensors, autonomous drones, and AI-powered surveillance systems into military operations, enhancing real-time data analysis, predictive maintenance, and battlefield efficiency. Key questions answered in this report: What is IoT in defense? Which key factors will influence IoT in defense market growth over 2025-2034? What will be the value of the IoT in defense market during 2025-2034? What will be the CAGR of the IoT in defense market during 2025-2034? Which region will contribute notably towards the IoT in defense market value? Which are the major players leveraging the IoT in defense market growth? What can be expected from the global IoT in defense market report? Browse the full 'IoT In Defense Market By Connectivity Technology (Radio Frequency, Satellite Communication, Wi-Fi, And Cellular), By Deployment (Cloud And On-Premise), By Application (Inventory Management, Fleet Management, Security, Equipment Maintenance, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Emerging Trends, Demand, Historical Data, And Forecasts 2025 – 2034' Report at Key Offerings: Full in-depth analysis of the parent market Important changes in market dynamics Segmentation details of the market Former, on-going, and projected market analysis in terms of volume and value Assessment of niche industry developments Market share analysis Key strategies of major players Emerging segments and regional markets Testimonials to companies in order to fortify their foothold in the market Competitive Landscape Some of the main competitors dominating the global IoT In Defense market include – CACI International Inc. Lockheed Martin Corporation BAE Systems plc Thales Group Raytheon Technologies Corporation Honeywell International Inc. Northrop Grumman Corporation SAIC L3Harris Technologies Inc. General Dynamics Corporation Kratos Defense & Security Solutions Inc. Siemens AG Boeing Company Leidos Holdings Inc. Cisco Systems Inc. The global IoT In Defense market is segmented as follows: By Components Hardware Software Services By Connectivity Technology Cellular Wi-Fi Satellite Communication Radio Frequency By Deployment Mode By Application Fleet Management Inventory Management Equipment Maintenance Security Others Request for Customization on this Report as per your requirements – (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) By Region North America U.S. Canada Rest of North America Europe France UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India South Korea Rest of Asia Pacific The Middle East & Africa Saudi Arabia South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Browse Other Related Research Reports from Zion Market Research: Residential Water Treatment Market: Antimicrobial Packaging Market: Controlled Release Fertilizers Market: Cold Storage Construction Market: Business Process Management Market: Hydroponics Market: Roof Insulation Market: Event Management Software Market: About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business. Contact Us: Zion Market Research USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166 UK: +44 2032 894158 India: +91 7768 006 007 | +91 7768 006 008 Email: [email protected] | Web: Follow Us on – LinkedIn | X | Facebook | Pinterest | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
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Business Upturn
20 minutes ago
- Business Upturn
[Latest] AI in Chemicals Market Size Will Attain USD 8388 Million by 2032 Growing at 27.5% CAGR – Exclusive Report by Zion Market Research
By GlobeNewswire Published on August 11, 2025, 22:32 IST NEW YORK, USA, Aug. 11, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'AI in Chemicals Market By Type (Hardware, Software, and Services), By Application (Production Optimization, New Material Innovation, Operational Process Management, Pricing Optimization, Raw Material Demand Forecasting, and Others), By End-use (Base Chemicals & Petrochemicals, Agricultural Chemicals, and Specialty Chemicals), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032' in its research database. 'According to the latest research study, the global AI in chemicals market size was valued at around USD 942 million in 2023. The market is expected to grow at a CAGR of 27.5% and is anticipated to reach a value of USD 8388 million by 2032.' Get a Free Sample PDF of this Research Report for more Insights – (A free sample of this report is available upon request; please get in touch with us for more information.) AI in Chemicals Market Overview: AI in chemicals refers to applying artificial intelligence technologies such as machine learning, deep learning, and natural language processing to optimize chemical manufacturing processes, accelerate materials discovery, enhance quality control, and improve safety protocols. AI solutions help chemical companies reduce time wastage in development and predict maintenance needs and resource utilization. Advanced AI in chemical industry now includes quantum computing for molecular modeling, autonomous lab systems, reinforcement learning for process optimization, and multimodal data fusion across operations. Report Scope: Report Attribute Report Details Market Size in 2023 USD 942 Million Market Forecast in 2032 USD 8388 Million Growth Rate CAGR of 27.5% Base Year 2023 Forecast Years 2024- 2032 Key Companies Covered Accenture, BASF, Google LLC, Honeywell International Inc., IBM Corporation, Insilico Medicine, Microsoft, NVIDIA Corporation, Siemens, SLB, and others. Segments Covered By Type, By Application, By End-use, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the AI in chemicals market share is likely to grow at a CAGR of around 27.5% between 2024 and 2032. between 2024 and 2032. The AI in chemicals market size was worth around $ 942 million in 2023 and is estimated to hit approximately $ 8388 million by 2032 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. and is estimated to hit approximately . Due to a variety of driving factors, the market is predicted to rise at a significant rate. The increasing investment in innovative technology is expected to drive the AI in Chemicals market over the forecast period. Based on the type, the software segment is expected to hold the largest market share over the forecast period. Based on the application, the production optimization segment is expected to dominate the market expansion over the projected period. Based on the end-use, the base chemicals & petrochemicals segment is expected to capture the largest market share over the projected period. Based on region, North America is expected to dominate the market during the forecast period. AI in Chemicals Market: Growth Drivers The market for AI in the chemicals industry is experiencing robust growth, driven by a confluence of factors aimed at improving efficiency, fostering innovation, and addressing critical industry challenges. One of the most significant drivers is the increasing demand for operational optimization and cost reduction. Chemical companies are leveraging AI to streamline complex manufacturing processes, enhance predictive maintenance, and optimize their supply chains, which in turn leads to higher yields, reduced downtime, and significant cost savings. Another key growth factor is the push for sustainability and environmental compliance. AI is being used to develop greener chemical formulations, reduce waste, and optimize energy consumption. This not only helps companies meet stringent environmental regulations but also aligns with a growing global focus on sustainable practices. Furthermore, the need for accelerated research and development (R&D) is a major catalyst. AI-powered tools, including generative AI and machine learning, are drastically reducing the time and resources required for discovering new materials and compounds. These technologies can rapidly analyze vast datasets, simulate chemical reactions, and predict the properties of molecules, allowing for faster innovation and a stronger competitive edge. Finally, the increasing availability of big data and advancements in computational power are enabling the adoption of more sophisticated AI models. The proliferation of sensors and digital platforms in chemical plants generates massive amounts of data, which AI algorithms can analyze to provide actionable insights. This, combined with growing investments in AI from both the public and private sectors, is propelling the market forward. Browse the full 'AI in Chemicals Market By Type (Hardware, Software, and Services), By Application (Production Optimization, New Material Innovation, Operational Process Management, Pricing Optimization, Raw Material Demand Forecasting, and Others), By End-use (Base Chemicals & Petrochemicals, Agricultural Chemicals, and Specialty Chemicals), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032' Report at AI in Chemicals Market: Segmentation The AI in chemicals market can be segmented into type, application, end-use, and region. Based on the type, the global AI in Chemicals market is bifurcated into hardware, software, and services. The software segment is expected to dominate the global market during the forecast period. On the basis of application, the global AI in Chemicals industry is bifurcated into production optimization, new material innovation, operational process management, pricing optimization, raw material demand forecasting, and others. The production optimization segment is projected to swipe the largest market share over the projected period due to its substantial ROI potential, strategic competitive advantages, reduced development timelines, and growing integration with high-throughput experimental platforms. In terms of end-use, the global AI in Chemicals market is bifurcated into base chemicals & petrochemicals, agricultural chemicals, and specialty chemicals. The base chemicals & petrochemicals segment held the largest market share in 2023 and is expected to grow at a significant rate over the forecast period. Why is North America outperforming other regions in the global AI in chemicals market? North America is expected to take the lead in the global AI market for the chemicals industry over the coming years. This edge comes from the region's strong investments in innovation and cutting-edge technology. It's home to many of the world's biggest chemical companies and tech firms, all pouring significant resources into AI research and development. Businesses across North America are already putting AI to work streamlining supply chains, fine-tuning complex industrial processes, and pushing for greater efficiency. On top of that, a strong commitment to sustainability is driving companies to use AI to cut waste, improve resource management, and stay on top of environmental regulations. Asia Pacific is expected to grow at the highest CAGR in the AI in chemicals market, driven by rapid manufacturing expansion and significant digital transformation investments across China, Japan, and South Korea. The region benefits from government support for industrial AI adoption and chemical industry consolidation. Request For Customization on This Report as Per Your Requirements – (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) AI in Chemicals Market: Competitive Landscape The report contains qualitative and quantitative research on the global AI in chemicals market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global AI in chemicals market include; Accenture BASF Google LLC Honeywell International Inc. IBM Corporation Insilico Medicine Microsoft NVIDIA Corporation Siemens SLB Recent Industry Developments: In 2024, BASF implemented an AI-powered molecular discovery platform that reduced new catalyst development time from 4.5 years to 14 months while improving performance parameters by 23%. In 2024, DuPont launched an integrated AI system for manufacturing optimization that combines sensor data, product specifications, and market conditions to dynamically adjust parameters, reducing energy consumption by 18% across pilot facilities. The global AI in chemicals market is segmented as follows: By Type Hardware Software Services By Application Production Optimization New Material Innovation Operational Process Management Pricing Optimization Raw Material Demand Forecasting Others By End-use Base Chemicals & Petrochemicals Agricultural Chemicals Specialty Chemicals By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global AI in chemicals Market @ Key Questions Answered in This Report: What is AI in chemicals? Which key factors will influence AI in chemicals market growth over 2024-2032? What will be the value of the AI in chemicals market during 2024-2032? What will be the CAGR value of the AI in chemicals market during 2024-2032? Which region will contribute notably towards the AI in chemicals market value? Which are the major players leveraging the AI in chemicals market growth? What can be expected from the global AI in chemicals market report? Key Offerings: Full in-depth analysis of the parent market Important changes in market dynamics Segmentation details of the market Previous, ongoing, and projected market analysis in terms of volume and value Assessment of niche industry developments Market share analysis Key strategies of major players Emerging segments and regional markets Testimonials to companies in order to fortify their foothold in the market Browse Other Related Research Reports from Zion Market Research AI Price Tracking Tools Market By Data Collection Source (Retailer Websites, Marketplaces, Manufacturer Sites, Direct-to-Consumer [D2C] Brand Sites, Mobile Apps, Physical Store Data), By Component (Solutions, Services), By Technology (Machine Learning, Natural Language Processing [NLP], Computer Vision, Web Scraping & Crawling, Predictive Analytics, and Others), By Application (Price Optimization, Competitor Price Monitoring, Dynamic Pricing Automation, Historical Pricing Analysis, Promotional & Campaign 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Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Private 5G Network Market By Component (Services and Hardware), By Frequency (mmWave and Sub-6 GHz), By End-User Vertical (Energy & Utilities, Government & Public Safety, Corporates/Enterprises, Healthcare, Mining, Transportation & Logistics, Automotive, Aerospace, Oil & Gas, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Component (Services and Hardware), By Frequency (mmWave and Sub-6 GHz), By End-User Vertical (Energy & Utilities, Government & Public Safety, Corporates/Enterprises, Healthcare, Mining, Transportation & Logistics, Automotive, Aerospace, Oil & Gas, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Testing Inspection and Certification Market By Type (Testing, Inspection, and Certification), By Application (Government, Education, Consumer Goods & Retail, Environmental Services, Chemicals, Food, Agriculture, Energy & Power, Infrastructure, Mining, Healthcare, Oil, Gas, & Petroleum, and Others), Market and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Type (Testing, Inspection, and Certification), By Application (Government, Education, Consumer Goods & Retail, Environmental Services, Chemicals, Food, Agriculture, Energy & Power, Infrastructure, Mining, Healthcare, Oil, Gas, & Petroleum, and Others), Market and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Consumer Identity and Access Management Market By Component (Solution, Services), By Deployment (On-premises, Cloud-based), By Application (Single Sign-On [SSO], Password less Authentication, and Others), By Industry Vertical (BFSI, Hospitality & Travel, Healthcare, Retail & E-Commerce, Education, Government & Public Sector, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Component (Solution, Services), By Deployment (On-premises, Cloud-based), By Application (Single Sign-On [SSO], Password less Authentication, and Others), By Industry Vertical (BFSI, Hospitality & Travel, Healthcare, Retail & E-Commerce, Education, Government & Public Sector, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Fintech Market By Technology (Application Programming Interface, Artificial Intelligence, Blockchain, Robotic Process Automation, Data Analytics, and Others), By Deployment Mode (On-premises, Cloud-based), By Application (Payment and Fund Transfer, Loans, Insurance and Personal Finance, Wealth Management, and Others), By End-User (Banking, Insurance, Securities, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Technology (Application Programming Interface, Artificial Intelligence, Blockchain, Robotic Process Automation, Data Analytics, and Others), By Deployment Mode (On-premises, Cloud-based), By Application (Payment and Fund Transfer, Loans, Insurance and Personal Finance, Wealth Management, and Others), By End-User (Banking, Insurance, Securities, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Live Streaming Market By Component (Platforms, Services), By Type (Audio Streaming, Video Streaming), By Revenue Model (Ad-Supported, Subscription-Based, Pay-Per-View), By End-Use (Gaming, Media & Entertainment, Education & Professional, Sports, News & Events, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our clients'/customers' conviction in our solutions and services has pushed us to always deliver the best. Our advanced research solutions have helped them in making appropriate decision-making and providing guidance for strategies to expand their business. Contact Us: Zion Market Research USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166 UK: +44 2032 894158 India: +91 7768 006 007 | +91 7768 006 008 Email: [email protected] | Web: Follow Us on – LinkedIn | X | Facebook | Pinterest | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.


Business Upturn
20 minutes ago
- Business Upturn
Flexible Spinal Implants Market Size Will Attain USD 9.21 Billion by 2032 Growing at 9% CAGR – Exclusive Report by Zion Market Research
By GlobeNewswire Published on August 11, 2025, 22:32 IST NEW YORK, USA, Aug. 11, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'Flexible Spinal Implants Market By Type (Hooks, Rods, Plates, Pedicle Screws, Cages, and Others), By Application (Lumbar, Thoracic, Artificial Discs, Cervical, and Others), By End-Users (Hospitals, Ambulatory Surgical Centers, And Specialty Spine Clinics), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032' in its research database. 'According to the latest research study, the global flexible spinal implants market size was valued at around USD 4.62 billion in 2023. The market is expected to grow at a CAGR of 9% and is anticipated to reach a value of USD 9.21 billion by 2032.' Get a Free Sample PDF of this Research Report for more Insights – (A free sample of this report is available upon request; please get in touch with us for more information.) Flexible Spinal Implants Market Overview: Flexible spinal implants, a modern alternative to traditional rigid fusion implants, are engineered to stabilize the spine while allowing for some natural movement. This design aims to mitigate issues like adjacent segment degeneration, maintain a more natural load distribution, and ultimately improve long-term patient outcomes for those with spinal disorders. Recent innovations in this field focus on using enhanced biomaterials for greater durability, developing less invasive surgical techniques for implant placement, and creating designs that more closely replicate the natural biomechanics of the spine. Report Scope: Report Attribute Report Details Market Size in 2023 USD 4.62 Billion Market Forecast in 2032 USD 9.21 Billion Growth Rate CAGR of 9% Base Year 2023 Forecast Years 2024- 2032 Key Companies Covered Globus Medical, Medtronic, RTI Surgical Holdings, DePuy Synthes (Johnson & Johnson), Boston Scientific Corporation, Stryker Corporation, Integra LifeSciences, Orthofix US LLC, Exactech Inc., Zimmer Biomet, SeaSpine, Abbott, NuVasive Inc., B. Braun SE, Alphatec Spine Inc., and others. Segments Covered By Type, By Application, By End-Users, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the flexible spinal implants market share is likely to grow at a CAGR of around 9% between 2024 and 2032. between 2024 and 2032. The flexible spinal implants market size was worth around $ 4.62 billion in 2023 and is estimated to hit approximately $ 9.21 billion by 2032 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. and is estimated to hit approximately . Due to a variety of driving factors, the market is predicted to rise at a significant rate. The flexible spinal implants market is projected to grow at a significant rate due to the growing number of patients with degenerative disc disease. Based on type, the rods segment is growing at a high rate and is expected to continue dominating the global market, according to industry projections. Based on the application, the lumbar segment is anticipated to command the largest market share. On the end-users, the hospitals segment is expected to become the fastest-growing segment. Based on region, North America is projected to dominate the global market during the forecast period. Flexible Spinal Implants Market: Growth Drivers Growing number of patients with degenerative disc disease to driving the market demand rate The market for flexible spinal implants is experiencing significant growth, driven by a combination of demographic shifts, technological advancements, and changing patient and physician preferences. A major factor is the increasing global prevalence of spinal disorders, such as degenerative disc disease and spinal stenosis, which is largely attributed to the aging population and increasingly sedentary lifestyles. As people live longer, the demand for effective treatments for age-related spinal conditions rises. Simultaneously, ongoing innovation in spinal implant technology is a key driver. This includes the development of advanced biomaterials that offer enhanced durability and biocompatibility, as well as new implant designs that better mimic the natural motion of the spine. The growing preference for minimally invasive surgical procedures is also fueling market expansion, as flexible implants are often a suitable choice for these less-invasive techniques, which promise smaller incisions, reduced recovery times, and improved patient outcomes. Additionally, increased funding for research and development, along with a growing awareness of spinal health among both patients and healthcare providers, further contributes to the market's positive trajectory. Browse the full 'Flexible Spinal Implants Market By Type (Hooks, Rods, Plates, Pedicle Screws, Cages, and Others), By Application (Lumbar, Thoracic, Artificial Discs, Cervical, and Others), By End-Users (Hospitals, Ambulatory Surgical Centers, And Specialty Spine Clinics), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032' Report at Flexible Spinal Implants Market: Segmentation The flexible spinal implants market can be segmented by type, application, end-user, and region. Based on type, the global market segments are hooks, rods, plates, pedicle screws, cages, and others. The rods segment is growing at a high rate in 2023 and is projected to dominate the global market. Based on application, the global market segments are lumbar, thoracic, artificial discs, cervical, and others. The lumbar segment listed the highest market growth in 2023, dominated by a growing rate of lumbar disorders worldwide. Based on end-users, the market is classified into hospitals, ambulatory surgical centers, and specialty spine clinics. Hospitals maintain the largest market share due to the availability of specialized equipment, multidisciplinary care teams, and intensive care capabilities for complex cases. Why is North America outperforming other regions in the global flexible spinal implants market? North America currently leads the global flexible spinal implants market due to advanced healthcare infrastructure, high healthcare spending, and early regulatory approval of innovative spine technologies. The region benefits from the concentration of major device manufacturers and spine research centers that drive continuous innovation. High rates of spinal disorder diagnosis and treatment-seeking behavior among North American patients expand the addressable market. Strong clinical trial activity and outcomes research provide supporting evidence for new flexible implant technologies. The presence of specialized spine surgery centers and fellowship-trained surgeons facilitates the adoption of advanced techniques throughout the region. Favorable reimbursement frameworks and strong insurance coverage for minimally invasive spinal procedures further accelerate market growth in North America. Request For Customization on This Report as Per Your Requirements – (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) Flexible Spinal Implants Market: Competitive Landscape The report contains qualitative and quantitative research on the global flexible spinal implants market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global flexible spinal implants market include; Globus Medical Medtronic RTI Surgical Holdings DePuy Synthes (Johnson & Johnson) Boston Scientific Corporation Stryker Corporation Integra LifeSciences Orthofix US LLC Exactech Inc. Zimmer Biomet SeaSpine Abbott NuVasive Inc. B. Braun SE Alphatec Spine Inc. Recent Industry Developments: In May 2024, Medtronic launched an enhanced posterior dynamic stabilization system featuring improved load distribution characteristics and reduced implant profile for minimally invasive applications. In August 2024, NuVasive introduced a next-generation artificial disc replacement technology incorporating advanced wear-resistant materials and anatomically optimized articulation surfaces. The global flexible spinal implants market is segmented as follows: By Type Hooks Rods Plates Pedicle Screws Cages Others By Application Lumbar Thoracic Artificial Discs Cervical Others By End-Users Hospitals Ambulatory Surgical Centers Specialty Spine Clinics By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global flexible spinal implants Market @ Key Questions Answered in This Report: What are flexible spinal implants? Which key factors will influence the flexible spinal implants market growth over 2024-2032? What will be the value of the flexible spinal implants market during 2024-2032? What will be the CAGR value of the flexible spinal implants market during 2024-2032? Which region will contribute notably towards the flexible spinal implants market value? Which are the major players leveraging the flexible spinal implants market growth? What can be expected from the global flexible spinal implants market report? 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