Market Research Blog – Page 10549 – New Product Development

Pocket Ventilation Systems Market size Research, Segmentation, Key Players Analysis and Forecast to 2027

Pocket Ventilation Systems market size are custom designed and engineered to optimize the drying processes of paper, board, and specialty grade machines with unique and varying requirements.The Pocket Ventilation system work in conjunction with both fully enclosed and open machine hoods, as well as the hood exhaust systems.

A Pocket Ventilation system helps to properly ventilate the dryer section of the paper machine which leads to an improved evaporation rate and reduced steam use.Pocket Ventilation Systems are also used to provide heated air to other hood supply equipment such as ventilators, air doctors and felt conditioning nozzles.

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The pocket ventilation system has mainly four modules includes Insulated enclosure and PV boxes, supply and exhaust fans, heat recovery unit and PV heaters and a control circuit. Together with the pocket ventilation system and heat recovery unit, it provides the paper maker with all the tools necessary to ensure full control over drying performance and energy consumption in the dryer section. Pocket ventilation system is known for its efficiency and reliability.

The pocket ventilation system has two primary functions it helps to blow air into the pocket to prevent and buildup of moisture vapor in the pocket and to prevent moist cold air into the pocket by natural ventilation caused by movement of rolls and fabric.

Global Pocket Ventilation Systems: Market Dynamics

The global pocket ventilation system market is driven by paper and pulp manufacturing industry. Demand for smoother and glossy paper material and growth of innovative dryer’s technology for quick coating are the primary factors fuel the pocket ventilation system market.

An increase in drying capacity, prevents faults arising, simple installation and higher tension or fabrics are also factors that propel the growth of pocket ventilation system market. In addition to an expansion of consumerism, a rise in literacy rate, growing environmental concern are the factors lead to increase in demand of paper which further leads to a rising in demand of pocket ventilation system.

Pocket ventilation units are installed near the felt rolls to blow dry supply air into the pockets. This decreases the pocket humidity level and allows moisture profile correction. Moreover, the system reduces steam consumption and also prevents over-drying and edge flutter.

Under pressure in the unventilated cylinder, pocket creates dry air flows into the drying pocket causing high pocket humidity in the center of the pocket and sheet fluttering. Poor pocket ventilation causes uneven final moisture profiles at the reel and over-drying at the both edges of the sheet.

This means poor paper quality and more paper breaks. However increasing quality standards, government regulations and policies and a high cost of drying system limit the growth of pocket ventilation system market during the anticipated period.

Global Pocket Ventilation Systems: Regional Outlook

The global pocket ventilation systems market is segmented into seven key regions includes North America, Latin America, Japan, Eastern Europe, Asia-Pacific excluding Japan, Western Europe and the Middle East and Africa.

Asia-Pacific is expected to be the leading markets in the global pocket ventilation systems market followed by Europe and Japan owing to rise in some pulp and paper industry. The market in Asia-Pacific is projected to have the fastest growing demand for friendly products are the factors which are expected to rise in revenue share of global pocket ventilation systems during anticipated period.

Global Pocket Ventilation Systems: Key Players

The prominent key players of global pocket ventilation system market are:

Airtherm Corporation
Vershwal Engineering Pvt. Ltd.

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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Global Pocket Ventilation Systems: Segmentation

Based on paper types, the global pocket ventilation systems market is segmented into the following:

Newsprint
Cardboard
Wrapping and packaging paper
Currency paper
Tissue Paper
Paper for printers, copying machines, and writing
Magazines paper
Others

Based on the drying method, the global pocket ventilation systemsmarket is segmented into the following:

Steam Heated Cylinders
Multi-cylinder Dryers
Single-Tier Dryers
Flakt Dryers

Based on the dryer type, the global pocket ventilation systemsmarket is segmented into the following:

Rolling Bed Dryers
Convection Dryers
Air Dryers
Fluidized Bed Dryers
Rotary Dryers
Flash Dryers
Freeze Dryers
Conduction Dryers
Others

Based on method, the global pocket ventilation systems market is segmented into the following:

Blow Ducts
Blow Rolls

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Drug Screening Market Size 2022 | Segmentation, Outlook, Industry Report to 2032

The global drug screening market size is projected to expand at a 16% CAGR from US$ 5.3 Bn in 2021 to US$ 18 Bn by 2032 showing an immense improvement.

“Teenage illicit alcohol usage, rising road accidents owing to a drug overdose while driving, and prescription medication abuse are predicted to fuel market revenue growth.”

The rise in regulatory approvals for the drug screening laboratory services market is ascribed to increased drug and alcohol usage and the implementation of rigorous legislation demanding alcohol and drug test. Bans on alcohol use in Islamic nations and limitations on an occupational drug test in select countries, on the other hand, may limit the market’s growth to some extent.

What is the COVID-19 Impact on Drug Screening Market?

Covid-19 pandemic resulted in a worldwide restriction on the movement of people and led to the isolation of individuals in their own homes. This is the primary reason for the drop in demand for drug screening services as most of the workplaces were shut down, and healthcare resources were diverted to take care of covid-19 patients. Trade restrictions also had a similar negative impact on equipment availability for drug screening procedures.

But with the covid-19 situation getting controlled and commercial activities returning to customary conditions, the drug testing industry is predicted to revive gradually and speed up during the forecast period.

What are the Drivers, Restraints, Opportunities, & Threats in the Drug Screening Market?

“The development of improved screening technology and growing awareness of the benefits of alcohol or drug screening are creating business opportunities.”

Drug misuse and alcohol usage are on the rise all around the world. According to the World Drug Report 2021, 275 million persons aged 15–64, or one out of every 18 people in that age group, took drugs at least once in the preceding year (range: 175 million to 374 million).

Drug use problems were expected to affect 36.3 million individuals worldwide, accounting for over 13% of the global population. Drug use killed about half a million individuals in the same year, and drug use disorders resulted in the loss of 18 million years of a healthy life, primarily owing to opioids.

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Similar increases in alcohol intake have been seen, with the resultant rise in the prevalence of impaired driving. Development of drug screening products and services on the road, boosting the total market growth.

Which Drivers are Limiting the Drug Screening Adoption?

Alcohol and drug tests in the workplace are considered a breach of employee privacy in certain nations, including Canada, Colombia, Argentina, Chile, and South Africa. In France, for example, pre-employment saliva drug testing is only done when doctors prescribe it.

Workplace alcohol and drug tests are illegal in Poland and the Czech Republic. In Canada, Eastern Canadian case laws allow alcohol and immunoassay drug tests only where occupational activities are fundamentally risky or when alcohol and drug testing is confined to a few specific circumstances.

What are the Opportunities for the Drug Screening Market?

Disruptions in the global supply chain, diminished demand, and client suspensions have all been experienced by companies in the drug screening sector. The test examines microscopic amounts of perspiration in the fingerprint to identify drugs and drug metabolites. This test might eventually replace urine, hair, and blood-based immunoassay drug test.

Although fingerprint-based swab drug test can help prevent the spread of COVID, it is non-invasive, portable, time-saving, and sanitary, allows for social distance, is user-friendly, and requires no unique sample collection or handling preparation.

This test is simple to administer whenever and wherever needed, making it ideal for workplace drug testing. To identify drugs and drug metabolites, at home drug test examines microscopic amounts of perspiration in the fingerprint. Workplaces, criminal justice, police enforcement, and drug recovery programs employ this test, which are offering opportunities to the market players.

Drug screening market future trends appear optimistic, with opportunities in the workplace, criminal justice systems and law enforcement agencies, drug treatment centers, pain management centers, schools and colleges, hospitals, individual users, and drug testing laboratories.

Fingerprint-based drug testing is a new concept that has gained traction and is one of the emerging trends in the drug screening market as a result of and impact of the COVID-19 on the drug screening market. Due to the risk of spreading the infection, the coronavirus has made it challenging to conduct drug testing in hospitals, labs, and other facilities.

Although fingerprint-based drug screening can aid in controlling COVID, it is portable, less time-consuming, and hygienic, allows for social distancing, is user-friendly, and requires no special preparation for sample collection and handling. This test is simple to implement wherever required, making it ideal for effective and flexible workplace drug testing.

The test analyses small traces of sweat in the fingerprint to detect drugs and drug metabolites. If widely used, this test is expected to replace urine, hair, and blood-based drug tests. This can be considered as one of the significant drug screening market key trends & opportunities to capitalize on and ramp up the adoption of drug screening devices etc.,

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Alere, Inc. invented the xReader, a point-of-care testing device for workplace drug testing. The following year, the company created the Alere iCup Rx Drug Screen to detect commonly misused and abused prescription drugs. Furthermore, recent developments in the drug screening are expected to garner considerable revenue share and surge the sales of drug screening devices in the near future.

Illicit drug abuse is a global social and health issue, and illicit drug monitoring use is critical in the context of public policies. It is already known that analysis of residual urban waters can yield relevant epidemiologic data.

This drug screening method, known as wastewater-based epidemiology (WBE), is based on measuring specific markers produced by human biotransformation of the target drugs as indicators of compound consumption by the population served by the wastewater treatment installation under investigation.

Factors such as an increase in alcohol consumption among youth and the elderly population, overuse of prescribed drugs, and an increase in the use of narcotics and illicit drive the growth of the drug screening market.

Furthermore, increased competition among manufacturers fuels the growth of the drug discovery screening market. Manufacturers are developing innovative products in broader categories to gain a larger drug screening market share.

Which are the Major Drug Screening Market Segments?

The product and services for the drug screening laboratory services market are categorized into drug screening products, analytical instruments, rapid testing devices, consumables, and drug screening services. Analytical Instruments are primarily in breathalyzers, immunoassay analyzers, and chromatography instruments. Semiconductor breathalyzers have experienced increased sales in recent years as it is easy to use outdoors by law enforcement agencies. The other type of breathalyzer is the fuel cell breathalyzer.

Rapid testing devices have started gaining importance for drug monitoring programs and are predicted to overtake the global drug screening market in the coming years. This segment is further classified according to devices such as urine testing devices and oral fluid testing devices. The urine drug test devices occupy a significant share in the market in terms of volume due to the requirement of associated equipment like drug testing cups, dip cards, and drug testing cassettes.

Consumables are a recent development in the immunoassay drug test market, which is performed using assay kits, sample collection devices and calibrators & controls.

Who is the Major End User in the Drug Screening Market?

According to applications of various products and services for drug screening and development, the market caters to different end-users, namely drug testing laboratories, workplaces, criminal justice and law enforcement agencies, hospitals, drug treatment centers, pain management centers, schools and colleges, and other individual users.

Despite the development of innovative drug screening methods, drug testing laboratories and hospitals will remain the significant consumers for products of the drug screening market.

How has the Different Methods of Sample Collection Shaped the Drug Screening Market?

The sample type collected for the drug discovery screening market is classified according to urine samples, breath samples, oral fluid samples, hair samples, and other samples.

Traditionally, urine samples and breadth samples are the most used drug screening methods in different setups. Mouth swab or saliva drug tests have emerged as a widely used method after the covid-19 pandemic and promises to gain popularity in the coming years.

What is the Regional Analysis of the Drug Screening Market?

A detailed analysis of the drug screening services provided by companies across the corporates, clubs, healthcare facilities informs us about the prospect market growth across all major economies, including North America (US, Canada, and the rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, Benelux, Nordic Countries and the rest of Europe), Middle East and Africa (GCC Countries, South Africa, Turkey, and rest of Middle East) and the Asia Pacific (China, Japan, South Korea and the other Pacific countries).

According to the market survey, North America holds the largest share at 48.2% of the globe. As there has been an increase in consumption of illicit drugs by citizens of North American Countries and the government increasingly investing in curbing drug abuse by establishing drug screening laboratory services market, the region is expected to experience considerable growth in the years ahead.

The growing burden of drunk and drive cases is also becoming a significant factor in law enforcement agencies’ growing demand for drug screening. Additionally, most of the primary critical players present in the North American drug screening market and adjoining areas have always favoured the colossal market volume.

Who are the Key Players in the Drug Screening Market?

The key players in the market include Labcorp, Quest Diagnostics, Abbott Laboratories, Orasure Technologies, Alfa Scientific Designs, Thermo Fisher Scientific, Dragerwerk AG & CO, Lifeloc Technologies, MPD Inc., and Omega Laboratories.

Market players rely on the use of innovative technologies to derive efficiency into the drug screening kits and devices and get a hold of a better position in the drug screening market. In addition to this, the focus has also been on inorganic growth to get the benefit of collaboration and mutual growth.

Some of the other competitive players in the market for drug screening services are Laboratory Corporation of America Holdings, Hoffmann -La Roche Ltd, BioMerieux SA, Express Diagnostics Int’l, Inc., Bio-Rad Laboratories Inc., Biomedical Diagnostics, Danaher, Synergy Health plc., Agilent Technologies, Shimadzu Medical Pvt. Ltd., Alere Inc., Premier Biotech, Inc., Psychemedics Corporation, Siemens Healthineers Private Limited, American Bio Medica Corporation, Sciteck, Inc., ACM Global Laboratories., CareHealth America, and Clinical Reference Laboratory, Inc.

Recent Developments in Drug Screening Market:

The Omega Hair 17-panel drug test can detect multiple psychoactive substances, particularly benzodiazepines. It was developed by Omega laboratories and was introduced in 2018.
Detection of any ingestion of Marijuana, CBD and nicotine drugs by a vaping panel test was introduced by Psychemedics.
Two US companies named Infirmary Health and LabCorp have agreed to offer laboratory testing services in the countries of the Eastern Gulf Coast.

Another Agreement was signed between Quest Diagnostics and Select Health of South Carolina to expand their laboratory network.

Key Segments

By Sample Type:

Urine samples
Breath Samples
Oral Fluid Samples
Hair Samples
Other Samples

By Product and Service:

Drug screening
Analytical Instruments
Rapid Testing Devices
Consumables
Drug Screening Service

By End User:

Drug Testing Laboratories
Criminal Justice and Law Enforcement Agencies
Hospitals
Drug Treatment Centers
Individual Users
Pain Management Centers
Schools and Colleges
Workplaces

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East & Africa

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Baby Bath and Shower Products Market Outlook Remains Positive with Sales Projected to Rise at 6.5% CAGR During Forecast period 2031

The baby bath and shower products market outlook remains positive with sales projected to rise at 6.5% CAGR between 2021 and 2031, despite a period of subdued growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights (FMI). The research study tracks baby bath and shower product sales in 20+ countries, offering a lucid analysis on how growth trend will unfold.

Biotechnology expertise is being used by the players to build high-performance baby bath and shower products, attracting a large number of customers. The use of such expertise is prominent in the highly competitive industry with great investment in research and development facilities.

For example, Massey Medicinals Company offers the ‘Candida Freedom’, a handcrafted product line, which includes biodegradable soaps and bath salts. These products contain probiotic lactospore, a Sabinsa Corporation-developed bacillus coagulans strain.

Furthermore, due to their proven benefits, ensuring safe and radiant skin, products based on micro-biome technology are in high demand. JooMoo Ltd., for example, produced a baby body wash with its own Microbiota Immune Response Control (MIRR) technology.

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This ‘three-in-one’ product, is offered on various sales platforms and are designed to cleanse, disinfect, and moisturise the baby skin. As a result, the growth of the bath and shower products industry is likely to be aided by the introduction of biotechnology.

FMI in its latest study has forecasted the market to rise at a CAGR of 6.1% between 2021 and 2031, in terms of volume of sales.

Key Takeaways from the Baby Bath and Shower Products Market Study

The U.S. will remain a leading baby bath and shower products market, accounting for over 76% of sales in North America in 2021.
Rising demand natural and chemical-free ingredients in baby shampoo and soaps is expected to drive the sales in the Japan and South Korea.
In terms of product type, soap and shower gel is expected to hold a dominance through the forecast period.
Baby bath and shower products demand to rise at 4.8% in the U.K. Sales however will surge at a higher pace in France and Spain.
Despite hypermarkets/ supermarkets’ dominance, sales via online retailers are expected to increase at a higher rate.

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Impact of COVID-19 on the Market

The global COVID-19 pandemic has caused a surge in demand for personal cleansing products internationally. People resorted to panic buying and stockpiling at some point.
However, the closing of retail outlets, restrictions on pricing and marketing, and curfews in many countries around the world had resulted in lower sales volumes.
Furthermore, germ-protecting, anti-septic bathing products, and medicinal products are in high demand among consumers. Therefore, manufacturers are working hard to meet this demand.
Sanitation has become a vital aspect of virus prevention, and as a result, demand for baby care products is increasing.

Who is Winning?

Some of the key players present in the demand of baby bath and shower products market are Kimberly Clark, Johnson & Johnson’s Company, Procter & Gamble, Unilever, Wipro, Burt’s Bees, Avon Products, Inc., Beiersdorf AG, Loreal SA, Chicco, Babyganics, Himalaya, Sebapharma, Weleda, and Green People among others. Aggressive promotional strategies, advertisements, and new product launches have driven sales growth of baby bath and shower products globally.

Get Valuable Insights into Baby Bath and Shower Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global baby bath and shower products market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the baby bath and shower products market based on the product type (shampoo, conditioner, soap and shower gel, and others), price (premium baby care products (>US$ 50) and mass baby care products (US$ 0-US$ 50), and sales channel (hypermarkets/ supermarkets, specialty stores, multi-brand stores, online retailers, wholesalers & distributors, and other sales channels), across seven major regions.

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Global Baby Bath and Shower Product Market by Category

By Product Types:

Shampoo
Conditioner
Soap and shower gel
Others

By Price:

Premium baby care products (>US$ 50)
Mass baby care products (US$ 0-US$ 50)

By Sales Channel:

Hypermarkets/ Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Wholesalers & Distributors
Other Sales Channels

By Region:

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

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Billing and Revenue Management Market Size, Share, Analysis, Report to 2027

The Growing preference for optimizing the billing and revenue management (BRM) processes is the key factor drives the growth of global billing and revenue management market. Billing and revenue management is a software based solution which integrates the revenue and billing process of an organization.

Billing and revenue management platform offers various benefits to the organizations such as, reduces communication and collection related costs, solves the customer inquiries, improves customer satisfaction, and delivers detailed insights of the revenue.

Billing and revenue management is the ideal solution for business entities involved in continuous revenue sharing, data monetisation and settlements. Also, billing and revenue management platform captures complete customer interactions which is used to deliver omni-channel customer experiences.

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Billing and Revenue Management Market: Market Dynamics

Expanding customer accounts coupled with rising complexity to manage customer accounts, payments, and balances is the key factor contributes the growth of global billing and revenue management market.

Growing importance for identifying value and profitability— that customers bring to the enterprise, and rising preference for identifying and mitigating revenue leakage with integrated workflows and automated payment processing solutions by organizations across various industries accelerates the growth of global billing and revenue management market.

Additionally, increasing focus on integrating commerce, marketing, billing, sales, service and accounts in order to reduce the operating cost and to improve business processes fuels the growth of global billing and revenue management market. However, high implementation cost and complexity in integrating with the existing infrastructure is identified as restraints likely to deter the progression of the global billing and revenue management market.

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Billing and Revenue Management Market: Market Segmentation

The global billing and revenue management market is segmented on the component, end-user industry, and by region. On the Basis of component the global billing and revenue management market is segmented into software and services, the service segment is sub-segmented into consulting, system Integration, and others.

On the basis of end-user industry, the global billing and revenue management market is segmented into telecommunication, BFSI, logistics & transportation, and others. Regionally, the global billing and revenue management market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Billing and Revenue Management Market: Regional Outlook

Among all regions, billing and revenue management market in North America is expected to dominate the market, due to high preference for automating business process and presence of large players. Asia Pacific is projected to be the fastest growing billing and revenue management market due to expanding telecommunication, banking and financial sector.

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Billing and Revenue Management Market: Competitive Landscape

Some of the prominent players in the global billing and revenue management market includes Oracle Corporation, SAP AG, Ericsson, Accenture, Estuate Inc., Netcracker, Information Technology Group (ITG), ARIA SYSTEMS, INC., Nokia, MBXR, and CSG International

Key Developments:

In August 2017, Ericsson selected by Developing Telecoms Ltd – a Dominican Republic based mobile network operator company, in order to deploy its revenue management solutions
In July 2014, Iridium Communications Inc. and Oracle jointly announced that, Iridium Communications Inc. has completed the implementation of Oracle Communications Billing and Revenue Management solution.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Melatonin Sleep Supplements Market Size, Share & Forecast | USD 1059 million by 2032

During the forecast period, the melatonin sleep supplements market is expected to reach a market evaluation of a CAGR of 7.6% in the global market. The melatonin sleep supplements market is likely to grow its revenue to US$ 474 Mn in 2022 and is anticipated to cross US$ 1,059 Mn by 2032.

60% of adults have sleep issues every night, according to the National Sleep Foundation (NSF) Sleep in America polls, pushing the demand for melatonin sleep supplements.

Increasing stress levels and anxiety in millennials are escalating sales of melatonin sleep supplements.

The adoption of melatonin sleep supplements reduces the side effects of chemotherapy and increases the survival period of cancer patients.

An increasing number of healthcare suppliers for chronic diseases and lifestyle expands the melatonin sleep supplements market size.

The antioxidants in melatonin expand its applications across pharmaceuticals and food & beverages, broadening the melatonin sleep supplements market share.

The online retail industry and an increasing number of online users purchasing contribute to melanin sleep supplement market growth.

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Key Companies profiled

Amazing Nutrition (Good Brands LLC), Just Potent LLC, Life Extension Foundation Inc., Natrol LLC (Aurobindo Pharma USA, Inc.), NOW Foods, Optimum Nutrition, Inc. (Glanbia plc), Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.), Reckitt Benckiser Group plc., Robinson Pharma, Inc. and The Nature’s Bounty Co. (KKR & Co. Inc.), Matsun Nutrition, Ion Labs Inc., Advanta Supplements, etc.

What are the Key Attributes that Drive the Melatonin Sleep Supplements Market?

Diversity in types of melatonin supplements available in the market increases sales of melatonin sleep supplements.

Work-life imbalance arises several mental conditions like insomnia, short-term anxiety and stress, further expanding the melatonin sleep supplements market share.

The adoption of melatonin sleep supplements ensures proper and regulated sleep-aiding in the prevention of cancer.

Adverse environmental conditions and extreme screen-time before bed upsurge demand for melatonin sleep supplements.

Poor eating habits causing sleep disorders grow the global melatonin sleep supplements market share.

The option of consumption by all age groups drives the sales of melatonin sleep supplements due to common side effects.

The requirement for dietary supplements consequently grows the demand for melatonin sleep supplements.

The production of progenitor cells of granulocytes and macrophages required to stimulate the immunity system escalated the sales of melatonin sleep supplements.

What are the Drawbacks of Melatonin Sleep Supplements?

Lack of awareness on supplement intake causes an overdose, curbing the global melatonin sleep supplements market share.

Growing alternative treatments for insomnia reduces the demand for melatonin sleep supplements.

Strict governmental rules and regulations on prescribed medications such as melatonin supplements can hinder the sales of melatonin sleep supplements.

Trade disruption and border closures during the pandemic hampered the global melatonin sleep supplements market share.

Manufacturing melatonin curtails owing to fluctuating prices of raw materials obstructs melatonin sleep supplements market size.

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What are the Scopes of the Melatonin Sleep Supplements Market?

Developed healthcare infrastructure triggers extensive demand for melatonin sleep supplements.

The increasing occurrence of periodic sleep-related disorders, cycle-related disorders, and the rising number of vendors expands the global melatonin sleep supplements market share.

Improving the middle-class population’s disposable income increases melatonin sleep supplements’ sales.

The requirement for immunity booster medicines to prevent rapidly growing chronic diseases propels melatonin sleep supplements market size.

Manufacturers incorporating the supplements with different flavours can increase demand for melatonin sleep supplements.

What is the Regional Analysis of the Melatonin Sleep Supplements Market?

North America is the leading market occupying about 36.7% of the melatonin sleep supplements market share in 2022 due to the fast pace life and increasing cases of insomnia in youngsters.

Europe is succeeding in the melatonin sleep supplements market share with a CAGR of 18.3% in 2022.

Herbal sleep ailments are high in demand in this region compared to chemical sleep ailments.

The Asia Pacific is anticipated to experience delayed advancements owing to fewer availability of melatonin sleep supplements.

What are the Key Developments of Melatonin Sleep Supplements Market?

Some of the key participants of the U.S. car rental market size are Amazing Nutrition (Good Brands LLC), Just Potent LLC, Life Extension Foundation Inc., Natrol LLC (Aurobindo Pharma USA, Inc.), NOW Foods, Optimum Nutrition, Inc. (Glanbia plc), Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.), Reckitt Benckiser Group plc., Robinson Pharma, Inc. and The Nature’s Bounty Co. (KKR & Co. Inc.), Matsun Nutrition, Ion Labs Inc., Advanta Supplements, etc.

Some of the recent developments in the melatonin sleep supplements are

Takeda Pharmaceutical Co. Ltd. announced a partnership and an agreement with Unipharm Inc., in January of 2018.
Natroll LLC. launched advanced Vitamin B6 sleep tablets with 100% drug free that helps to fall asleep for longer hours.
In 2020, new melatonin supplements in orange flavour that quickly dissolve in the mouth were launched by Nature’s Bounty Inc.

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Scope Of Report

Growth Rate

CAGR of 7.6% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD million and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Form, Application, Sales Channel, and Region.

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Key Segments

By Form:

Powder
Liquid
Capsule

By Application

Sleep Disorders
Anxiety
Cancer

By Sales Channel

Online
Retail

By Region

North America
Latin America
Asia Pacific
Europe
MEA

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Ablation Devices Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2029

Ablation devices are gathering momentum around the world, owing to their proven procedural efficacy, improved safety profiles, and awareness in current asymptomatic procedure-related events. Over the last decade, ablation devices market size have undergone significant technical improvements. These devices offer the benefits of enhanced patient quality of life, patient safety, and clinician efficiency, and are used as a frontline therapy.

Decrement in long-term hospitalization and minimal invasion are critical factors that are expected to propel the growth of the ablation devices market over the coming years. Ablation devices have gained clinical significance on the basis of effective treatment across various medical applications, as well as due to shorter recovery time with affordable minimal invasive procedures. Moreover, rising prevalence of chronic diseases such as cardiovascular diseases and tumors are expected to provide impetus to market growth.

However, the coronavirus (COVID-19) pandemic has put forward a challenging situation for players in the ablation devices market. The pace at which the pandemic is spreading and the resultant humanitarian toll is making it difficult for market players to react accordingly. As the healthcare industry is addressing the pandemic along with patients’ ever-evolving expectations, market players are devising future-ready strategies to brace themselves for the humanitarian and economic concerns ahead.

The global ablation devices market was valued at US$ 2.7 Bn in 2021, and is anticipated to witness a CAGR of 11% during the forecast period (2022–2029).

Key Takeaways of Ablation Devices Market Study

Advanced ablation catheters has emerged as the largest segment by product type, representing 68% of overall revenue of the ablation devices market in 2021. This is attributed to being a viable alternative management strategy and their frequent use in the clinical management of paroxysmal atrial fibrillation. Further, better clinical outcomes through new ablation technologies to treat most arrhythmias and certain types of structural heart disease are responsible for their significant market share.
Hospitals accounted for a leading revenue share of 52%, owing to the availability of ablation devices and skilled personnel for better clinical management of various diseases across several medical domains.

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Radiofrequency captured a major value share in the technology segment, attributable to its lesser potential risk and side effects, lesser recovery time, and its effective application on patients suffering from multiple tumors.
By functionality, automated or robotic ablation devices are expected to grow at an impressive rate; these accounted for around one-third of the global ablation devices market in 2021.
Cumulatively, North America and Europe hold a major share of the global ablation devices market, with the former holding a noteworthy share, and is expected to progress at a high CAGR during the forecast period.
Increasing prevalence of chronic diseases, high purchasing power, technology advancements, and government support for quality healthcare are contributing to the hegemony of North America in the ablation devices market, in terms of value.

Ablation Devices Manufacturers to Focus on New Product Launches

Continuous upgradation and product launches in the ablation devices market are spurring intense competition among market players. Several companies are focusing on new product approvals for ablation devices. For example, in February 2020, Hologic, Inc. launched a next-generation NovaSure ADVANCED global endometrial ablation (GEA) system in the U.S. This system has been approved by the Food and Drug Administration (FDA). Regional and local players are also implementing these differentiating strategies to sustain their competitiveness.

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Ablation Devices Market by Category

By Product Type:

Bipolar Energy Ablation Devices
Cryotherapy Ablation Devices
Hydrothermal Ablation (HTA) Devices
Thermal Balloon Ablation Devices
Advanced Ablation Catheters
- Cryoablation Catheters
- Irrigated tip RF Ablation Catheters
- Laser Ablation Catheters
Standard Ablation Catheters
- Conventional Radiofrequency Ablation Catheters
MRI Guided Neurosurgical Ablation
- MRI Guided Laser Therapy Systems
- MRI Guided RF Ablation Systems
- MRI Guided Focused Ultrasound Systems
- Accessories

By Technology:

Laser
Radiofrequency
Microwave
Ultrasound
Others

By Application:

Cardiovascular
Cancer
Urological
Ophthalmic
Others

By Functional:

Automated Robotics
Conventional

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics

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Voltage Regulator Market Key Players and Overview | FMI

The Voltage regulator devices are used to stabilize the voltage in electronic devices. They operate automatically and increase or decrease the voltage as per the requirement of the user. The device is used majorly to regulate the output voltage of the circuit and keep the output voltage constant irrespective of the supplied input voltage. Voltage Regulators are used when there is a need for steady and reliable voltage.

The voltage regulator devices have a simple feed forward design which forwards the input voltage towards output tunnel and supports a mechanism of negative feedback control loops through which the fluctuations in the generated output and the desired output are corrected. Voltage regulator devices are very compact and they are used in systems with low power and low voltage.

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In the present scenario, the voltage regulators are widely been deployed in various advanced technologies. IoT devices (consumer electronics, medical and automobiles) used in controlling systems require voltage regulators to have efficient power management.

Also, the voltage regulators play an important role in the world of automation where they ensure to provide optimal power supply to all electronic components in order to have high efficiency and functionality.

Voltage Regulator: Drivers and Restraints

The factors driving the market of voltage regulator devices are benefits they offered like the ease of use, compact size, low cost and lesser noise. Also, with the advancement of technology, the applications of voltage regulators are increasing in fields like communication technology, consumer electronics, and automobiles that have automated systems.

With this, the demand of voltage regulator is increasing thereby growing the market demand of the devices substantially in the market.

The factors restraining the growth of voltage regulators are its low speed of producing output voltage when considering mechanical voltage regulators. Also, the components of voltage regulators require a regular maintenance and replacements which make them tedious to use.

In case of electronic voltage regulators, higher cost of devices and poor current overload capacity are major factors restraining the growth of voltage regulator market.

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Voltage Regulator: Competitive Landscape

The key players of the market are Siemens AG, Eaton Corporation, Toshiba Corporation, ABB Ltd., General Electric, Texas Instruments, Infineon Technologies, Analog Devices, Inc., STMicroelectronics and NXP Semiconductors N.V.

Regional Overview

Europe is expected to the largest market of Voltage Regulators. The majority of Voltage Regulator manufacturers such as ABB Ltd., Infineon Technologies, and STMicroelectronics are based in Europe region itself and are investing in the field of Voltage Regulators in the local and global market. Several other companies like Eaton Corporation, General Electric are also expanding their offering in North America region. Thus the Voltage Regulator market in this region is also elevating.

Voltage Regulator: Segmentation

Segmentation based on type of voltage regulators in Voltage Regulator Market:

Linear regulator
Series: They use variable element placed in series with the load
Shunt: They work by providing a path from the supply voltage to ground through a variable resistance
Switching voltage regulators
Step Up voltage regulators: They are used to provide high output voltage by increasing the input voltage
Step Down voltage regulators: They are used to lower the output voltage by decreasing the input voltage
Inverter voltage regulators: They are used to increase, decrease or invert the output the voltage according to the requirement

Segmentation based on end user of voltage regulators in Voltage Regulator Market:

Commercial
Industrial
Residential

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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

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Smart Personal Assistance Devices Market Regional Analysis and Industry Growth by Forecast to 2027

The Smart personal assistance devices are used in order to connect with the different smart devices present in the home environment. These smart personal assistance devices include smart home kits, smart speakers, smart glasses etc. in order to help people get things done in the real world. Smart device makers offer home kits or smart personal assistance devices in order to provide a smarter experience by offering innovative solutions.

Amazon’s Echo is one of the leading products in smart personal assistance market as it provides smart hub. Echo is connected to the voice-controlled personal assistant service called Alexa. Google Home is another product in smart personal assistance market, which is a smart speaker that enables users to speak voice instructions to interact with services through the home’s intelligent personal assistant called Google Assistant. It integrates with home automation features to control various smart home appliances.

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Currently, these smart appliances are assistant-enabled, and there is a possibility of also embedding this digital assistant Artificial intelligence based technology in order to offer innovative smart home solutions. Presence of prominent players in personal assistance market is expected to drive growth of smart personal assistant devices market.

Smart Personal Assistance Devices Market: Market Dynamics

High network connectivity and rising need to increase consumer accessibility are expected to drive the smart personal assistance devices market. The rise in compatibility issues and increased power consumption can hamper the growth of smart personal assistance devices market. Growing usage of the fitness tracker, smart glasses, and other smart devices are creating opportunities for smart personal assistance devices Market.

Global Smart Personal Assistance Devices Market: Competition Landscape

Few prominent players in Smart Personal Assistance Devices market includeGoogle Inc., Apple Inc. Amazon.com, Inc, Microsoft Corporation and Samsung Electronics Co., Ltd etc.

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Smart Personal Assistance Devices Market: Regional Outlook

The market in North America is anticipated to witness major growth owing to various technological developments in this region. The willingness of customers to implement newer technologies has encouraged manufacturers in this region to develop smart personal assistance devices.

Europe and Asia Pacific are estimated to contribute in the near future owing to increasing consumption of connected consumer electronics. Latin America and MEA are expected to contribute significantly over the forecast period.

Regional analysis of Global Smart Personal Assistance Devices Market includes

North America Smart Personal Assistance Devices Market
- US & Canada
Latin America Smart Personal Assistance Devices Market
- Brazil, Argentina & Others
Eastern Europe Smart Personal Assistance Devices Market
- Poland
- Russia
- Rest of Eastern Europe
Western Europe Smart Personal Assistance Devices Market
- Germany
- Italy
- France
- UK
- Spain
- Nordic
- BENELUX
- Rest of Western Europe
Asia Pacific Smart Personal Assistance Devices Market
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan Smart Personal Assistance Devices Market
Middle East and Africa Smart Personal Assistance Devices Market
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Global Smart Personal Assistance Devices Market: Market Segmentation

Smart Personal Assistance Devices market segmented by devices and region.

Segmentation by devices in Smart Personal Assistance Devices market:

Google Home
Amazon Alexa
Apple Home Kit

Deblistering Machines Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031

The deblistering machines market size will reach a valuation of US$ 158.3 Mn by 2022. The rapidly growing scope for automation and machinery in the global pharmaceutical industry with the objective of reaching manufacturing targets is a primary factor propelling the sales of deblistering machines.

Deblistering machines are available in automated and semi-automated variants, which are largely used to recover and remove tablets and capsules from blister packs without degrading and affecting the quality of medicines.

The consistently rising demand for deblistering machines among pharma and contract manufacturers and recyclers for keeping up with the massive volume of drug packaging has strengthened growth prospects to a significant extent.

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These machines possess excellent deblistering speed and have the ability to work with a wide range of blister packaging formats including push-through, child-resistant, and peelable blisters. FMI predicts that the demand for deblistering machines will be relatively strong owing to factors such as the rising production of blister packaging and oral dosage formats such as tablets and capsules. The market is projected to rise at a CAGR of approximately 4.8% through the end of 2031.

Key Takeaways from Deblistering Machines Market

Automatic deblistering machines are projected account for more than 70% of the overall market share driven by higher operational speed.

40 to 80 BPM machines will remain dominant in the market, while the over 80 BPM machines are estimated to reflect faster growth with an incremental opportunity of US$ ~ 24.3 Mn.

With the frequent use of deblistering machines in the pharma sector, the U.S. market is expected to expand by more than1.5 times.

Manufacturers are capitalizing on opportunities across lucrative markets such as India and China.

Expansion of healthcare sector will spur y-o-y growth in the U.K. at 2.8% in 2021.

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“The rise in production of medicinal drugs, especially those requiring oral dosages such as tablets and capsules has created lucrative opportunities for deblistering machine manufacturers to maximize their sales. Rising emphasis on safe and secure removal of medicinal tablets and capsules with high-precision deblistering processes is anticipated to redefine the market growth,” says FMI analyst.

Launch of Technologically Advanced Deblistering Machines Augment Sales

Deblistering machines are widely considered as the most efficient way of deblistering the tablet and capsules from blisters, owing to minimal error rates, easy and safe removal of drugs, with exceptional deblistering speed. In recent years, the popularity of deblistering machines has touched new heights on the back of its ability to deblister a variety of blister card types.

Technological advancement associated with deblistering machines is one of the pivotal factors that fuels the demand for deblistering machines in the market. Additional key benefits of deblistering machines such as automatic feed and user interface with fault indicators, heavy-duty design, variable speed as per blister speed, and several others attract a substantial portion of manufacturers in the market.

Furthermore, manufacturers from the pharmaceutical sector are aggressively automating their production processes to reduce labor costs. This growing adoption of automated deblistering machines from the manufacturers is likely to strengthen market growth during the foreseeable future.

Impact of COVID-19 on Deblistering Machines Market

The global crisis of the COVID-19 pandemic has had a moderate impact on the sales of deblistering machines in the global market. Lack of supply in terms of raw components owing to restrictions on manufacturing activities has halted the short-term growth.

Lockdown in prominent regions such as Europe, South & East Asia, and North America has induced considerable impact on the manufacturing of deblistering machines. Besides this, the pandemic has created a massive demand for oral dosage form drugs including tablets and capsules.

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Rising demand for these blister pack medicinal drugs is generating demand for existing inventories of deblistering machines from varying end-users such as clinical trial labs, pharmaceutical companies, and packaging centers. This factor is likely to induce a positive impact on sales of deblistering machines. On a broader level, the COVID-19 has a mixed impact on the demand and sales of deblistering machines during the pandemic period.

Deblistering Machines Market Landscape

Omnicell, Inc, Uhlmann Pac-Systeme GmbH & Co. KG, ACG Worldwide Private Limited are the top players operating in the deblistering machines market. Furthermore, RBP Bauer GmbH, Jornen Machinery Co., Ltd, Sepha Limited, Stripfoil Deblistering Technology, Elmach Packages India Pvt. Ltd are also the noticeable players in the deblistering machines market.

The Tier 3 players in the market hold 65-70% in the global deblistering machines market. In conclusion, key players contribute almost 30-35% of the global market. Leading players in the industry are increasingly focused on investments into product development to expand portfolios, consolidating overall market position.

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Lacrimal Devices Market Business Growth, Size and Comprehensive Research Study Forecast to 2029

Global demand for medical Lacrimal Devices market size is predicted to expand at a 5.5% compound annual growth rate (CAGR), with a market value of roughly US$ 25.6 million in 2021.

Lacrimal devices like Nasolacrimal stents are small tubes which establishes a new channel for tears to drain. When the usual tear ducts fail and alternative drainage mechanisms are unavailable, they provide a bypass path for tear drainage. Graue employed the first described stent, which was constructed of silver wire and used in 1932.

Since then, numerous materials such as silk, nylon, polyethylene, and polypropylene have been employed. The tubes are usually made of silicone or another semi-rigid yet flexible material with an open centre lumen.

The increased demand for ophthalmic treatments with greater success rates and minimum intrusions, as well as an increase in patients with nasolacrimal duct obstruction, are driving the worldwide lacrimal devices market.

During the projected period, the introduction of innovative and high-success-rate treatments will move the market forward. Adoption of precise and updated lacrimal devices, such as the new lacrimal cannula, which combines flexibility and strength to prevent trauma by providing easy access to the canaliculus, is a fundamental driver of market expansion.

Manufacturers Emphasizing Advanced Product Development

Numerous organizations are focusing on new product development for lacrimal duct stent tube. In June 2019, FCI Ophthalmic offered a complete line of BIKA stents namely, BIKA, BIKA for DCR, and Infant BIKA covering a range of sizes that will benefit most of the congenital nasolacrimal duct obstruction (CNLDO) and dacryocystorhinostomy (DCR) cases.

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Key Takeaways – Lacrimal Duct Stent Tube Market Study

Bicanalicular lacrimal duct stent tube is expected to contribute three fourth of revenue share in the lacrimal duct stent tube market owing to its high success rate in stent placement.
Hospitals captured maximum share of the lacrimal duct stent tube market owing to highest patient footfall followed by ophthalmic clinics.
Attributed to growing patient pool for retinal diseases, especially due to premature births, contributed to the dominance of North America in the lacrimal duct stent tube market.
Increasing awareness for availability of the treatment for nasolacrimal duct stent obstruction among caregivers of prematurely born babies and increasing number of skilled professionals are expected to drive growth of the lacrimal duct stent tube market in East Asia.

Key Market Segments Covered In Lacrimal Devices Industry Research

By Product: