Connected Drug Delivery Devices Market is projected to reach US$ 1.6 Billion by 2028 | FMI

[228 Pages Report] According to the analyst of Future Market Insights (FMI), the leading manufacturers of connected drug delivery devices are focusing collaboration with the software companies to assess the cloud data system in their devices.

The market for connected drug delivery devices is foreseen to witness a stellar growth rate of 25.6% from 2013 to 2028 rising to a valuation of US$ 1,304.7 Mn from US$ 132.2 Mn in 2022.

Moreover, it helps the manufacturer to launch the product more conveniently and to enhance their distribution channel. Manufacturers of inhalers to treat asthma and chronic lung disease are racing to develop a new generation of smart devices with sensors to monitor if patients are using their puffers properly.

The companies operating in the global connected drug delivery devices market are OPKO Health Inc., Bayer AG, 3M Company, West Pharmaceutical Services, Inc., and Teva Pharmaceutical Industries Ltd., among others.

Rapidly evolving technologies, for instance, cloud-based computing models, are enabling the healthcare industry towards a transition to a new architecture.

Cloud technology along with advances in mobility and telepresence solutions is expected to create new unwired business models capable of providing healthcare anywhere.

The use of cloud technology will increase, aided by the proliferation of mobile health applications to collect and send vital signs from wireless and wired remote patient and personal health monitoring devices. Cloud-based platforms and new IT service models will fundamentally change the healthcare business equations and create opportunities for new players to enter the industry.

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Growing Demand for Injectable Drug Delivery to Aid Market Growth

The rising preference for injectable drug delivery is anticipated to drive the market for sterile drugs globally. Self-administration of drugs through usage of pre-filled syringes is one of the ways that can help patients to save the fees given to a caregiver. There is an increased demand for large molecule drugs in pre-filled syringes as compared to small molecule drugs in pre-filled syringes

Following this opportunity, the manufacturers are expected to cash in on profits through introduction of smart injectable drug delivery mediums among their portfolio. The progress is expected to be more prominent in the allergic reactions (Anaphylaxis) indication segment. Further, an upsurge in the number of large molecule drugs that need to be manufactured in injectable format is expected to fuel the growth of the market. Likewise, data generated by bioavailability studies is proving to present a definitive relation between pharmacodynamics and pharmacokinetics for such sterile drugs, which is also expected to offer support to the growth of the market.

Mobile applications are also being used for the treatment of patients suffering from Alzheimer, Diabetes, COPD or Asthma. Mobile applications with the use of GPS help to track the patient location. If the patient is travelling away from the home, the caretaker can track the exact location of the patient and also track the consumption of dosage by using mobile application. Most of these applications have been developed for the cloud. Placing the wireless solution on a cloud storage system helps with connectivity issues and makes it easier to communicate across different information regimes.

Limited Knowledge and Adoption Rate among Patients to Hinder Growth Rate

The deployment of connected drug delivery devices is not yet widely promoted within the public health system. This is attributed to the high cost of the product, limited reimbursement, and dearth of awareness among the patients regarding the technology. Moreover, complexity and limited availability of the device further reduces penetration. For instance, interpretation of insulin delivery trend for analysis, is considered to be useful however, because of the complicated user interface, the patients cannot interpret them smoothly. As per the current scenario, such obstacles might directly have an adverse effect on the overall growth of the connected drug delivery devices market.

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Key Segments of Connected Drug Delivery Devices Industry Survey Connected Drug Delivery Devices Market by Product Type:

  • Inhalation Devices
  • Injectable Devices
    • Handheld Injectable Devices
    • Wearable Injectable Devices

Connected Drug Delivery Devices Market by End User:

  • Hospitals
  • Clinics
  • Home Care

Connected Drug Delivery Devices Market by Application:

  • Anaphylaxis
  • Cardiovascular
  • Diabetes
  • Hormone Replacement
  • Others

Connected Drug Delivery Devices Market by Technology:

  • Bluetooth Drug Delivery Devices
  • Near Field Communication Drug Delivery Devices

Connected Drug Delivery Devices Market by Region:

  • North America Connected Drug Delivery Devices Market
  • Latin America Connected Drug Delivery Devices Market
  • Europe Connected Drug Delivery Devices Market
  • East Asia Connected Drug Delivery Devices Market
  • South Asia & Pacific Connected Drug Delivery Devices Market
  • Middle East & Africa (MEA) Connected Drug Delivery Devices Market

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Food Certification Market transparency and clean label products within food sector is driving the demand for food certification-FMI

The food certification market will register healthy growth in 2021 with worldwide revenues projected to increase by 10.30% year over year. Future Market Insights (FMI) has forecast the food certification market to reach US$ 8.4 billion in 2021 backed by the rising demand for food certified products.

Food certifications demand is on the rise due to the increasing consumption of meat based products. Increased consumption have compelled the governing bodies to impose stricter norms for security and quality of food products. This, in turn, have spurred the growth of food certification market.

Rising per capita income and rapid economic growth in developing countries like India and China are driving the food industry. This coupled with increasing penetration of retail food chains and services will positively influence the market growth over the forecast period.

Food producers are increasingly offering certified products to gain the consumers trust. With rising awareness for food transparency and clean-label movement gaining momentum, impressive growth is on the cards.

As per FMI, Asia Pacific food certification market is expected to expand at the highest level due to the ever increasing demand for certified and halal-certified food products, especially in India.

Alongside this, key player are adopting winning strategies such as mergers and acquisition to generate lucrative revenues. This will also positively affect the market. According to the report, rising awareness about certified food products will propel the market growth in the upcoming decade.

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Key Takeaways from FMI’s Food Certification Market Study

  • Increasing consumption of processed food across the globe has spurred growth in the market. In terms of application, the meat segment will hold lion’s share in the global food certification market.
  • ISO 22000 and free-from certification type, collectively, are anticipated to dominate the market.
  • India is likely to emerge as a lucrative market due to the advent of multi-domestic food services and growing demand for halal food products.
  • Growing cases of foodborne diseases in the U.S are likely to spur the growth, bolstering the demand of food certification in the country.
  • China, Japan, and South Korea are expected to witness positive growth backed by the rising need for meat processed food certification.
  • Muslim countries in the Middle East will spur the market growth owing to the increased demand of kosher and halal certified food products.

“Key players are capitalizing on increasing demand for clean-label certification and halal food. Strong distribution networks with food supply chain will create lucrative opportunities for the key players,” says the FMI analyst.

Who is Winning?

Major players include Intertek Group PLC, Llyod’s Register Group Limited, AsureQuality Limited, Bureau Veritas, DEKRA SE, DNV GL, Eurofins Scientific, SGS SA, TÜV SÜD, and Underwriters Laboratories Inc.

Mergers and acquisition remains popular strategy adopted by key players to maintain their strong foothold in the industry. Top players including Intertek Group, SGS SA, Bureau Veritas SA, Eurofins Scientific, and ALS Limited account for nearly 45% of global market share.

Strong manufacturing facilities coupled with strong distribution networks will aid the revenue generation for these market players.

For instance, in September 2020, leading player Intertek Group PLC announced the partnership with Roquette to launch a new audit program for safer food supply chain through their audit practices.

In the same month, ALS announced the expansion of its company’s testing and certification services through including its new food laboratory under the American Association for Laboratory Accreditation (A2LA) satellite program.

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Get Valuable Insights on the Food Certification Market

By Type:

  • BRC Food
  • IFS Food
  • ISO 22000
  • FSSC 22000
  • HACCP
  • Global GAP
  • Organic
  • Kosher
  • Halal
  • Others

By Application Type:

  • Bakery & Confectionery
  • Dairy Products
  • Processed & Packaged Food
  • Infant Food
  • Alcoholic & Non-alcoholic Beverages
  • Functional Food
  • Meat & Poultry Products
  • Seafood

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Essential Fatty Acids Market is projected to increase from US$ 10,250.0 Mn by 2032

Significant health benefits and rapid adoption as a key ingredient for preparing infant formula, adult dietary and nutritional products is fueling the demand for essential fatty acids such as omega-3 and 6 across the globe. A recent study conducted by Future Market Insights (FMI) has revealed that the global market for essential fatty acids is set to witness an impressive CAGR of 9.5% in terms of revenue over the forecast period (2017-2027). During this ten years of the forecast, the dynamics of the market will be shaped by factors such as government policies and regulations, incessantly rising demand and improvement in supply chain management of essential fatty acids.

Future Market Insights’ report titled “Essential Fatty Acids Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” currently values the market at over US$ 4072 Mn and anticipates it to reach US$ 10 Bn towards the end of 2027. While favourable government policies will keep encouraging higher productions of essential fatty acids, the demand for such products will also surge upwards on account of their increasing application in processed and convenience food. Considering the growing awareness amongst consumers about the health benefits of essential fatty acids based food products, use of such product in ready-to-eat or packaged food is expected to grow over the years to come.

As per the report, omega-3 fatty acids are the most popular type of essential fatty acids, which is found in abundance in aquatic beings such fish, shellfish, krill as well as in algae and few genetically engineered plant species. Companies that are based in regions such as Latin America, Japan and the Middle East and Africa (MEA) have a better access to good quality marine based raw materials, enabling them to produce the best quality essential fatty acids. BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, Cargill, Incorporated are some of the leading market participants profiled in the FMI report.

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Key Highlights of the Report Include:

  • By 2027-end, the global production of omega-3 essential fatty acids is expected to reach a whopping 417,518 metric tons.
  • Around 97,384 metric tons of essential fatty acids is expected to be used for manufacturing of dietary supplements by the end of 2017.
  • On the basis of source, marine animals will continue to be a key source of essential fatty acids throughout the assessment period. In 2016, essential fatty acids extracted from marine source accounted for nearly 64.4% value share of the market.
  • In terms of value, essential fatty acids in the form of oil accounted for over 50% market share in 2016 end, followed by powdered essential fatty acids. In addition, close to 309,702 metric tons of oil-based essential fatty acids is expected produced by end of the forecast period.

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Among regions, Western Europe continues to be the global leader in terms of consumption of essential fatty acids. In 2017 and beyond, Western Europe will remain as one of the key destinations for market players. Meanwhile, North America will represent the largest market for essential fatty acid, as the region accounts for a relatively higher share in terms of production.

By Product

  • Omega-3 Fatty Acid
    • ALA
    • DHA
    • EPA
  • Omega-6 Fatty Acid
    • LA
    • ARA
  • Omega-7 Fatty Acid
  • Omega-9 Fatty Acid

By Application

  • Dietary Supplement
  • Infant Formula
  • Pharmaceutical
  • Food and Beverages
  • Animal Food and Feed
  • Cosmetics

By Source

  • Marine
    • Algal and Fungus Oil
    • Fish Oil
    • Krill Oil
  • Plant
    • Chia Seed Oil
    • Flax Seed Oil
    • Others
  • Dairy Products

By Form

  • Oil
  • Syrup
  • Powder
  • Others

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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Low Rolling Resistance Tire Market Expected to Witness High Growth by 2031 -FMI

Surging carbon footprint attributed to heavy automotive usage has led manufacturers to improve existing vehicle tire designs has significantly heightened demand for low rolling resistance tires, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global low rolling resistance market is slated to surpass a staggering CAGR of 11% across the forthcoming decade.

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Key manufacturers are increasingly focusing on achieving fuel economy, one of the top priorities in the global fight to achieve environmental sustainability in the automotive domain. The United States Department of Energy advocates that adopting low roller resistance tires can yield around 5-15% of fuel economy. A 5% reduction in rolling resistance would improve fuel economy by approximately 1.5% for light and heavy duty vehicles.

Prominent manufacturer Bridgestone Group offers revolutionary solutions contributing to CO2 emissions reductions by customers and partners across society. To accelerate its contributions, it has set the focused target towards 2030: contributing to global emissions reduction across the lifecycle and value chain. For the target of a 25 percent reduction in tire rolling resistance by 2020, it achieved a 23 percent reduction in 2019.

Key Takeaways from FMI’s Low Rolling Resistance Tire Market Study

  • By vehicle type, passenger vehicles to emerge as primary low rolling resistance tire end-users
  • Wide band width low rolling resistance tires to account for nearly a quarter of the global demand
  • Sales across the aftermarket segment are likely to surpass an impressive valuation, given the ever expanding volumes of global transportation fleet
  • US to experience noteworthy expansion amid robust presence of regional level tire manufacturers
  • India and China to generate lucrative opportunities across South Asia & East Asia, collectively experiencing over 3x growth
  • Massive investment projects to augment production capabilities to bolster demand across Japan
  • Broadening EV market to widen low rolling resistance tires adoption across Germany

“Visibly increasing consumer tilt towards commercial vehicles for long distance travel is likely to amplify sales of low rolling resistance tires by prominent automotive manufacturing giants,” says the FMI analyst.  

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Competitive Landscape

Bridgestone Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C S.p.A, Hankook Tire, MICHELIN, Continental AG, Trelleborg AB, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd., Maxxis International (Cheng Shin Rubber), Marangoni S.p.A and MRF Tyres are some prominent players operating in the low rolling resistance tire market.

Emphasis on lightweight tires is prompting prominent players to introduce appropriate product portfolios. For instance, in April 2021, Milan-based Pirelli & C S.p.A introduced P ZERO RACE Tub SL, a new rubber, equipped with a special inner tube which guarantees a reduction in overall tire weight exceeding 10%, while maintaining the same grip, smoothness and reliability for bicycles.

Manufacturers are also focusing on offering customized solutions to appropriate end-use industries. Hankook Tire, for instance, announced in April 2021 that it intends to supply original equipment for Porsche 718 Boxster and Cayman models, including tailor-made Ventus S1 evo 3 tires in sizes 235/40 ZR19 (92Y) N-O for the front axle and 265/40 ZR19 (98Y) N-O for the rear axle.

Key Segments Covered

Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Width Type

  • Dual Type
  • Wide Band Type

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America (US and Canada)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
  • East Asia (China, Japan and South Korea)
  • South Asia (India, Malaysia, Thailand, the Philippines and Rest of South Asia)
  • Oceania (Australia and New Zealand)
  • Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Coconut Flour Market a CAGR of 12.3% during the assessment period 2022-2032

The global coconut Flour Market is estimated to be valued at USD 2,100 Mn in the year 2022 and is estimated to grow at an unprecedented rate to achieve a value of USD 6,699 Mn by the year 2032 with a CAGR of 12.3% during the assessment period 2022-2032.

Key excerpts from Future Market Insights’ latest report on the global coconut flour market projects that by the end of 2032, around 850.8 Thousand Tonnes of coconut flour is expected to be consumed across the globe. Increasing awareness amongst consumers about health benefits of coconut flour is expected to fuel its demand over the next couple of years. Moreover, coconut flour is gluten-free, making it consumable for those who are allergic to wheat or are sensitive to other similar gluten-based substances. Coconut flour has emerged as a good alternative for wheat flour. In recent past coconut flour has also seen a surge in its sales, owing to the rising demand for functional flour.

In terms of production, China is the leading producer of Coconut Flour followed by Poland, Germany, Chile and Austria. Production of coconut flour in Ukraine has also spiralled in last 3 years. Meanwhile, the Western Europe region holds the top position in terms of consumption followed by North America. Most European consumers value quality and prefer natural products that are healthy and carry no side effects, hence the demand for healthy food products such as coconut flour is significantly high in this region. In North America, the U.S. is a major importer of coconut flour and accounts for a sizeable share of the market.

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Key Takeaways:

  • Soaring popularity of coconut flour tortillas in several parts of the world. From an exotic food item, coconut flour tortillas are now turning into mainstream pantry food.
  • In countries such as Japan and the U.S., people are trying to developing new products using coconut flour as a key ingredient. Tortilla chips made with coconut flour has been a great success and well appreciated by food lovers.
  • Coconut flour is being increasingly used in manufacturing the nutritional bars, chocolate fillings, and other baking products such as pizza base, and bread.
  • Growing demand for coconut flour based food products in the emerging countries such as China and India.
  • Increased availability of coconut flour, owing to setting up of organised retail structures in both developed and developing regions.

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Celebs Coconut Corporation, Nutrisure Ltd., Nutiva, Inc, Bob’s Red Mill Natural Foods, Primex Coco Products Inc., The Coconut Company, Connecticut Coconut Company, Van Amerongen & Son., Healthy Traditions and Smith Naturals are some of leading manufacturers of coconut flour profiled in the FMI report.

The report covers exhaustive analysis on:

  • How much is the Coconut Flour market currently worth?
  • At what CAGR is the market expected to grow?
  • What are the key trends boosting Coconut Flour sales?
  • How are market players reacting to the new developments in the market?
  • How much share do the top 3 companies hold?
  • Which are the major countries driving demand for Coconut Flour?
  • Who are the major players in Coconut Flour Market?
  • What outlook does APAC provide?
  • At what rate will the U.S. Coconut Flour market grow?
  • At what level does the report reflect pricing analysis?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
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T: +1-845-579-5705
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Natural Food Colours Market is predicted to grow at 6% CAGR through 2032

Future Market Insights’ outlook on the natural food colours market studies the growth path of the global market over a 10 year period from 2018 to 2028. According to the report, growing consumer preferences for natural food colours over synthetic variants is anticipated to drive revenue growth in the coming decade. The study forecasts revenue from the sales of natural food colours to cross US$ 7,500 Mn by the end of 2018 and reach a value in excess of US$ 14,000 Mn towards the close of 2028. This translates to a CAGR of 6.5% in the next 10 years.

Growing Health Awareness and Increasing Consumer Demands for Clean Label Food Products Boosting Sales of Natural Food Colours

Over the years, there has been a steady rise in demand for clean label food and beverage products, especially in the infant / children food products category. This has resulted in the launch of clean label F&B products across the globe. This factor is fuelling global demand for natural food colours used to manufacture these products. Consumers are becoming increasingly aware of the ill effects of consuming synthetic raw materials such as food colours, used in the production of various types of food and beverage products. Consumers are particular about verifying food labels and ingredient compositions, and there is rising preference for natural, organic, and non-GMO products. As a result, the adoption of natural food colours has witnessed a sharp rise in the last few years.

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Increasing Government Approvals for Natural Food Colours Acting in Favour of Market Revenue Growth

In the wake of a growing number of petitions by manufacturers of natural colours for the use of natural food colours in their products, governments of various countries have undertaken initiatives to promote natural colour pigments. Governments are also imposing stringent rules and regulations pertaining to the use of clean label and eco-friendly food and beverage products. This is further augmenting growth of the natural food colours market as manufacturers of food and beverage products are increasingly adopting natural food colours in their formulations.

Manufacturers of Natural Food Colours Leveraging Lucrative Market Opportunities to Ensure Sustained Growth and Gain Competitive Edge

The natural food colours market is characterized by the presence of top companies operating in the global market. With consumers moving from synthetic to natural and clean label food ingredients, the global market provides plenty of opportunities for manufacturers of natural food colours to offer cost-efficient natural food colours to cater to different end uses in the food and beverages industry. Attempts by manufacturers of natural food colours to meet the rising demands from consumers are supported by initiatives undertaken by associations such as The International Association of Color Manufacturers (IACM), EU Specialty Food Ingredients, and Natural Food Colors Association (NATCOL) to protect and enhance key stakeholder interests in the global natural food colours market.

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Manufacturers of natural food colours are also leveraging technological advances in the F&B industry to improve their production processes. For instance, companies are using the microencapsulation technique in the colour delivery system and in the final product formulation. Manufacturers are also engaged in producing a variety of natural food colours to cater to a wide spectrum of food and beverage products. A breakthrough technology in the natural food colours market is the development of fermented carmine solution. Such innovations and technological developments are anticipated to bolster revenue streams in the global natural food colours market.

Another lucrative opportunity for manufacturers of natural food colours is in the meat industry. Natural food colours are widely used in meat products. For example, natural yellow colour is finding increasing application in pork, meat, and bakery products in Japan. Gardenia yellow – another natural food colour variant – is predominantly used in rice cakes, noodles, and other food and beverage products. Manufacturers are creating new product formulations that are more temperature compatible and stable for specific use in meat products.

Analysis by Pigment Type

  • Carotenoid
    • Beta carotene
    • Annatto
    • Lutein
    • Lycopene
  • Curcumin
  • Anthocyanin
  • Paprika extract
  • Spirulina extract
  • Chlorophyll
  • Carmine

Analysis by Application

  • Dairy Food Products
  • Beverages
  • Packaged Food/Frozen Products
  • Confectionery and Bakery Products
  • Others

Key Regions/Countries Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Automotive Active Purge Pump Market to Witness a Healthy Growth by 2031 – FMI

According to Future Market Insights (FMI), the global automotive active purge pump market is projected to expand at a CAGR of 11.2% between 2021 and 2031. As the focus on reducing vehicular emissions gains traction, sales of active purge pumps for automobiles will grow.

The overall market valuation will total US$ 192 Mn in 2031, up from US$ 66.3 Mn recorded in 2021. Growth will continue as automakers exhibit higher inclination for integrating effective emission control systems in vehicles they manufacture. Supporting this will be consistently expanding market fuel-efficient vehicles.

Rising cognizance of emission control and scramble for fuel efficiency among motorists is likely to propel growth of the automotive active purge pump market.

Poor air quality caused by fossil fuel continues to be a major source of concern in metropolitan areas, necessitating the installation of an automobile active purge pumps for effective emission control in vehicles.

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According to organizations such as the World Health Organization, urban air pollution is still a serious problem that can be addressed with proper emission management. As a result, demand for effective automobile emission control technologies, such as automotive active purge pumps is at all-time high.

Key Takeaways from Market Study

  • By material type, the non-metal segment is expected to account for a share of more than 70% in the global market. The high demand for non-metal automotive active purge pumps can be ascribed to their cost-effectiveness and easy availability.
  • By manufacturing process, others segment is expected to be the leader with a share of more than 40%.
  • By sales channel, the OEM segment will dominate the market, accounting for nearly 65% of sales.
  • By vehicle type, passenger car segment projected to dominate the market, accounting for more than 77% of the total demand.
  • By region, Europe is expected to have the largest share in the global market, accounting to more than 49% of sales.

“Government intervention for effective emission control and increasing number of programs intended to reduce vehicle emissions are projected to push growth in the automotive active purge pump market. With the increasing popularity of hybrid cars, makers of automotive active purge pumps will have impressive opportunities for sales in the future” says a Future Market Insights analyst.

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Key Market Segments Covered

By Material Type :

  • Metal
  • Non-Metal

By Manufacturing Process :

  • Cutting
  • Vacuum Forming
  • Injection Molding
  • Others

By Sales Channel :

  • OEM
  • Aftermarket

By Vehicle Type :

  • Passenger Vehicle
  • Commercial Vehicle

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Automotive Active Purge Pump Market Competitive Landscape

Key players operating in the market are Denso Corporation, Continental AG, Vitesco Technologies, Hyundai Kefico, Agilent Corporation, Robert Bosch GmbH, Rheinmetall Automotive, and others.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Fluid Conveyance Systems Market demand Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2026

A hydraulic system employed for any particular end use is only as capable as the fluid conveyance system Market Demand it comprises of Considering the amount of pressure and temperature extremes that the fluid conveyance systems experience, employing the right type of material can be the difference between years of successful operation and regular breakdowns and failures.

The most important prerequisite for any fluid conveyance system is to maintain a smooth and free flow of fluid throughout the system, along with maintaining the fluid being conveyed free of contamination.

The global fluid conveyance systems market is expected to grow steadily through the forecast period owing to the rising end-use industry activities.

Fluid Conveyance Systems Market: Drivers and Restraints

The rising adoption of mechatronics- The integration of hydraulics with electronics is increasing the usage of hydraulics in mechatronic systems in various end-use industries, which in turn fuels the growth of the global fluid conveyance systems market.

Rising construction activities– Sustained infrastructure and urbanization investment in the developing economies, especially in the BRIC region, will cause a robust growth in the fluid conveyance system market during the forecast period.

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High demand for minerals, particularly in the developing economies, is expected to secure growth in equipment for mining activities, comprising of excavators, trucks, drilling machines, dumpers, etc., which would in turn increase the demand for fluid conveyance system during the forecast period.

Fluid Conveyance Systems Market: Regional Outlook

The global fluid conveyance systems market is projected to witness a considerable growth in CAGR from 2015 to 2025. Currently, North America and Western Europe are the matured market for fluid conveyance systems providers.

However, Asia-Pacific, and MEA are expected to become lucrative regional market for key players operating in the global fluid conveyance systems market. FMI forecasts, the market in Asia-Pacific region is expected to grow at fastest CAGR over the forecast period.

Fluid Conveyance Systems Market: Key Players

Some of the major players identified in the global fluid conveyance systems market are Eaton Corporation, United Fiberglass of America, Inc., Cooper Fluids Systems, Leading Edge Hydraulics, Parker-Hannifin Corporation, Purvis Industries, Ltd., Royal Industries, Inc., Donald Engineering, Gulf Controls Company, etc.

The report covers exhaustive analysis on

  • Polyglycerols Market Segments
  • Polyglycerols Market Dynamics
  • Historical Actual Market Size, 2012 – 2014
  • Polyglycerols Market Size & Forecast 2016to 2026
  • Supply & Demand Value Chain
  • Polyglycerols Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Polyglycerols Market Drivers and Restraints

Regional analysis for Polyglycerols Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Fluid Conveyance Systems Market: Segmentation

The global fluid conveyance systems market is broadly segmented on the basis of type, raw material, application, and region.

On the basis of type, the global fluid conveyance system is segmented into:

  • tubes/pipes
  • high pressure ducts
  • low pressure ducts

On the basis of Raw material types, the global fluid conveyance system is segmented into:

  • ceramic
  • fiberglass
  • metals
  • concrete
  • plastic, etc

On the basis of region, the global fluid conveyance system is segmented into:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East and Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Contact:

Future Market Insights,

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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Dubai

United Arab Emirates

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Intraosseous Infusion Devices Market is expected to reach US$ 7.9 Bn by 2031, at a CAGR of 7.6%

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

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Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

Market Outlook:

Data Points Market Insights
Intraosseous Infusion Market Value 2020 US$ 3.5 Bn
Intraosseous Infusion Market Value 2031 US$ 7.9 Bn
CAGR 2021-2031 7.6%
Share of Top 5 countries 51%
Key Players Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Beckon Dickinson and Co.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients.  Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

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Key Takeaways from Intraosseous Infusion Devices Market Study

  • By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
  • By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
  • By technology, the automatic segment will account for more than 50% of the market share in 2021.
  • By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
  • By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Who is winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

  • In January 2015, Teleflex, Inc. Company acquired all common stocks of Human Medics Co., Ltd., a South Korea-based distributor of surgical and respiratory products. – This is expected to favour the distribution network of the company in South Korean market
  • In June 2015, Teleflex, Inc Company acquired certain assets of N. Stenning & Co. Pty. Ltd. – a medical device distributor and supplier based in Australia. – This is expected to support the distribution and penetration of the company’s products in Australia.

The key market players covered by FMI include

  • Pyng medical Corp.
  • Cook Medical Incorporated
  • PerSys Medical
  • Aero Healthcare
  • Teleflex, Inc.
  • Becton Dickinson and Co..

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Intraosseous Infusion Devices – Market by Category

Product:

  • B.I.G
  • FAST1
  • EZ-IO
  • FASTR
  • IO Needles
  • Others

By Route of Administration:

  • Sternum
  • Distal & Proximal Tibia
  • Distal Femur
  • Calcaneus
  • Head of Humerus

By Technology:

  • Manual
  • Automatic
    • Impact Driven
    • Power Drill

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Dubai,
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Automotive Lighting Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2031 – FMI

According to ESOMAR-certified Future Market Insights (FMI), automotive lighting sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period from 2021 to 2031.

The automotive lighting market is expected to reach a valuation of US$34.7 Billion in 2021. According to Future Market Insights (FMI), the overall automotive lighting market is expected to grow at a CAGR of 6.3% for 2021- 2031.

The global sales of automotive lighting are anticipated to surpass 1.813 million units in 2021. FMI presents a positive growth outlook for the market. In terms of volume, the automotive lighting market is predicted to expand at 5.2% CAGR over the course of the assessment period.

Rising demand for automation in vehicles for improved safety and high performance is encouraging original equipment manufacturers (OEMs) to design lightweight automotive lighting with superior efficiency

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This also has resulted in the incorporation of light-emitting diode (LED) lighting to offer greater durability and low power consumption in automotive lighting. Thanks to shifting consumer preference and surging competition, these developments are no longer limited to the luxury vehicle segment.

An increasing number of automakers are incorporating latest technologies such as superior performing and lightweight automotive lighting in their vehicle models. This will guarantee impressive growth in the market through the assessment period.

For instance, Volkswagen partnered with Hella, a leading German-based auto part manufacturer, to develop IQ.LIGHT LED headlamps. This novel component was included in Volkswagen’s new luxury class Touareg SUV.

According to the report, the global sales of automotive lighting are anticipated to increase in 2021 with volume sold reaching over 1.813 million units. FMI presents a positive growth outlook for the market. In terms of volume, the automotive lighting market is predicted to expand at 5.2% CAGR with sales reaching around 3.114 million units over the course of the assessment period.

Key Takeaways from FMI’s Automotive Lighting Market Study

  • The U.S is expected to offer lucrative growth opportunities on the back of growing demand for lightweight passenger vehicles.
  • Rapid economic growth, increasing traffic congestion, and high demand of two wheelers in Brazil will drive the automotive lighting market growth.
  • Advancement in the electric vehicle section along with government initiatives towards reducing carbon emission will boost the automotive lighting market in China.
  • Rapid development and modernization of automotive industry and booming passenger vehicles segment in India will create growth opportunities.
  • Utilization of front headlights as a part of safety system as well in aesthetic design of the premium vehicles will drive the market growth in upcoming years.
  • Shales in passenger vehicles segment will surge at a high pace over the forecast period.
  • Introduction of LED matrix headlamps and LED daytime running lights in two wheelers and electric vehicles for safety purposes will further push automotive lighting market growth.

“In order to gain competitive edge, leading automakers are partnering with automotive part manufacturers to foster innovations. Besides some of the leading car manufacturers, small and mid-sized companies are also expected to join the bandwagon,” says the FMI analyst.

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Competitive Landscape

Automotive lighting market is highly competitive market owing to presence of numerous players. Market players are focusing on employing organic market strategies to consolidate their market position.

They are also looking towards developing innovative products and improve value chain. Manufacturers are also participating in strategic collaboration with distributors to cater to the increasing demand.

Prominent players operating in the automotive lighting market are:-

  • Koito Manufacturing Co. Ltd.
  • Hella KGaA Hueck & Co.
  • Stanley Electric Co.
  • Valeo SA
  • Osram Licht AG
  • Magnetti Marelli
  • Varroc Group

Automotive Lighting Market by Category

By Application:

  • Front Headlights
  • Fog Lights
  • Rear Lights
  • Side Lights
  • Interior Lights

By Vehicle Type:

  • Passenger Cars
    • Compact
    • Mid
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
    • Battery Electric
    • Plug-in Hybrid Electric
    • Hybrid Electric
  • Two Wheelers
    • Motorcycles
    • Scooters

By Light Source:

  • Halogen
  • LED
  • Xenon

By Sales Channel:

  • OEM
  • Aftersales

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Key Points Covered in Automotive Lighting Market Study

  • Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Lighting Market and How to Navigate
  • Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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