Market Research Blog – Page 10551 – New Product Development

PVDC Coated Films Industry Size is Estimated at USD 9.4 Billion in 2022 And Is Projected to Reach USD 12.3 Billion by 2028

The sales of PVDC Coated films market is anticipated to exceed US$ 9.4 Bn in 2022. Increasing applications of PVDC coated films such as laminates, lidding films, wraps, blisters, and pouches is fueling the demand in the market.

Implementation of stringent regulation regarding carbon emission in countries such as the U.S., India, and China is encouraging product manufacturers to adopt environment-friendly coated films for packaging such as PVDC coated films. Driven by this, the sales of PVDC coated films are estimated to rise at 4.6% CAGR during the forecast period between 2022 and 2028.

PVDC coated films have a wide range of applications across the food & beverage industry owing to their ability to increase the product shelf life by shielding the product from moisture, and ultraviolet (UV) radiation. On account of this, the market is projected to reach US$ 12.3 Bn by the end of 2028.

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Further, these films are extensively being used as packaging solutions for products such as wafers, cheese, biscuits, meat, poultry, and others. Hence, increasing demand for aforementioned products is anticipated to create immense growth opportunities in the market.

Among the substrate material type, the polypropylene segment is projected to outpace the other segments, accounting for around 33.2% of the total sales in 2022. Increasing use of polypropylene films across the cosmetic & personal care sector, owing to its excellent barrier properties to corrosion, pollutants, chemicals, and moisture is driving the growth in the segment.

“Surging demand for high barrier packaging films across the pharmaceutical industry and shifting customer preference towards adoption of bioplastic materials for packaging applications is expected to create a conducive environment for PVDC coated films market growth,” says a FMI analyst.

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Key Takeaways from PVDC Coated Films Market Study

The U.S. is forecast to project the fastest growth in North America, accounting for around 85% of the regional demand in 2022.
Germany is projected to emerge as a highly remunerative market in Western Europe, contributing nearly 28% of the sales in 2021.
Japan PVDC coated films market is forecast to account for 24% of the revenue share in East Asia, exhibiting sales at 4.1% CAGR over the assessment period.
India is expected to hold a significant share in the Asia Pacific excluding Japan market, owing to the increasing demand for eco-friendly packaging solutions in the country.
In terms of application, the pouches & bags segment is estimated to hold 36% of the total market share, expanding at 5.2% CAGR between 2022 and 2028.

Key Drivers

Introduction of chlorine-free and biodegradables PVDC coated films for packaging applications to decrease the environmental impact is favoring the growth in the market.
Increasing use of PVDC coated films for packaging products such as body lotions, shampoo, serums, face creams, and others owing to its out shading barrier properties is propelling the demand in the personal care and cosmetics industry.

Key Restraints

Presence of chlorine in the PVDC coated film’s chemical composition turns the films yellow with time and makes them prone to cracking after a certain period of time. Hence, manufacturers are shifting towards the adoption of better alternatives which is hampering the growth in the market.
High cost of production and implementation of strict regulations towards the use of plastic such as polypropylene (PP), polyvinylchloride (PVC), and polyethylene terephthalate (PET) is restraining the sales of PVDC coated films.

Competitive Landscape

Leading manufacturers in global PVDC coated films market are focusing on increasing their production capacity to address the increasing demand across diverse industries. Besides this, some of the key players are aiming at expanding their product portfolio to strength their footprint in the market.

In January 2021, Neschen, a leading self-adhesive media and coating solutions manufacturer announced launching a specially designed a coated polypropylene (PP) film with HP Indigo ElectroInk and water-based inks for food and beverage applications. The strategy will assist the company to expand its market share across food & beverage sector.
In September 2020, KM Packaging, a prominent lidding films and flexible packaging supplier, announced introducing a new range of mono-polymer material lidding films which are recyclable and made from polypropylene (PP). This product launch will assist the company to strengthen its footprint across sustainable packaging sector.

Some of the key players operating in the market profiled by FMI are:

Kureha Corporation
Jindal Poly Films Limited
Cosmo Films Ltd
Bilcare Limited
Glenroy, Inc.
Vibac Group S.p.A.
Innovia Films
Polinas Corporate
Klöckner Pentaplast
CCL Industries Inc.
CPH Chemie & Papier Holding AG
SKC Co., Ltd

More Valuable Insights on PVDC Coated Films Market

A new report published by FMI offers an in-depth analysis of the global PVDC coated films market, uncovering vital dynamics accelerating the market growth between 2021 and 2031. The survey also forecast sales projections for PVDC coated films market with detailed segmentation:

By Substrate Material:

Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyvinylchloride (PVC)
Polypropylene (PP)
Polyamide (PA)

By Application:

PVDC Coated Films for Laminates
PVDC Coated Films for Wraps
PVDC Coated Films for Lidding Films
PVDC Coated Films for Pouches & Bags
PVDC Coated Films for Blisters

By End Use:

Food
- Fruits & Vegetables
- Meat, Poultry & Seafood
- Bakery & Confectionery
- Ready-to-Eat
- Dairy Products
Healthcare & Pharmaceuticals
Cosmetics & Personal Care
Others

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excl. Japan
Japan
Middle East and Africa (MEA)

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Key Questions Covered in the Report

The report offers insight into PVDC coated films market demand outlook for the forecast period 2021-2031
The market study also highlights projected sales growth for PVDC coated films market between 2021 and 2031
PVDC coated films market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
PVDC coated films market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Kegs Industry is Estimated at US$ 900 Mn in 2022 And Is Projected to Reach US$ 1,168 Mn by 2028

The kegs market size is assessed at US$ 900 Mn in 2022 and is projected to arrive at US$ 1,168 Mn by 2028, at a CAGR of 4.4% from 2022 to 2028.

Recently let information out of kegs market demand investigation shows that worldwide deals of the general tempered steel kegs market are expected to enroll a CAGR of 4.8% during 2022-2028 alongside holding the market worth of US$ 711 Mn toward the finish of 2028.

Western Europe followed by the North American locale are projected to hold roughly a portion of a part of the worldwide kegs market toward the finish of 2028.

In addition, the worldwide utilization of steel kegs, regarding units, for capacity and shipment of brew is projected to stay at an unequaled high through 2028, believing it to be the most fitting, savvy and solid for aged refreshments, likewise guaranteeing conservation of unique taste and organoleptic qualities. Worthwhile business roads related with draft brew utilization, is supposed to well effect the worldwide kegs market before long.

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“The kegs market experienced soaring growth in 2021 with worldwide revenues up 3.8% year over year. A new forecast by FMI estimates that kegs will increase between 2022 and 2028 along with creating an incremental opportunity of US$ ~300 Mn during 2022-2028.”

Kegs to Find Increased Adoption as a Promising, Sustainable Packaging Solution

Kegs, as a bundling arrangement in the drinks business, is projected to enter a promising future. Plastic kegs are recyclable and dispense with costly bring operations back. Then again, prevalence of kegs is likewise pushing makers to give barrel on rent, expanding re-utilization of kegs, accordingly its reception.

Conservative and a productive other option, single-use kegs are probably going to observe huge reception in the coming, contrasted with the customary steel kegs. Besides, developing buyer premium in create lagers is pushing the microbrew market, thus, fuelling the worldwide kegs market. Administrative guidelines supporting decreased weight restricts with reference to bundling, will likewise prod kegs reception.

A Highly Consolidated Kegs Market Driving Global Pricing; Substitutes like Eco-Kegs Likely to Smoothen Pricing

Thorough analysis of competition in the global kegs market shows fairly highly market consolidated, dominated by few kegs providers. Currently, companies are competing through offering innovative product portfolio for different end-use industries. Market consolidation leaves few choices for consumers, forcing them to buy kegs at comparatively high costs.

However, in the coming years, the world could witness the emergence of eco-kegs, reducing overall supply of conventional kegs. The introduction of new technology for better palatability of the kegs is also projected to drive the global kegs market. Rubber Steel Kegs are also introduced in the market for ergonomic handling of liquor beverages.

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What was the Kegs Market Outlook during the COVID-19 Pandemic?

The kegs market outlook was negative during the COVID-19 pandemic on the back of the factors such as trade restriction by the government, imbalanced supply of raw material, disrupted supply chain, and others. The complete shutdown of restaurants and bars and other retail shops resulted in decreased demand for heavy drinker beverages which ultimately has an adverse impact on the kegs market.

The beginning of 2021 and reduction in restriction creates hope for various end use industries. The end use industries started to operate with full efficiencies. Also, public places such as restaurants & bars, and others started to operate with some limited capacity which creates a growth opportunity for the kegs market.

The key players operating in the kegs market also tried to focus on offering eco kegs to cater for the growing trend of sustainability which gains traction among the end use industries. Overall, the kegs market is forecasted to experience a rise in demand during the forecasted period.

Competitive Landscape

The key players operating in the kegs market are focusing on expanding their production capacity by investing in new facilities along with the partnership with other global and local kegs manufacturers. Also, the kegs manufacturers are expanding their footprint across the globe.

In January 2021, Petainer UK Holdings Ltd. announced the opening of its new facility for manufacturing a one-way keg range in Thailand.
In September 2020, THIELMANN- The Container Company announced to open its second keg servicing hub in Newark during mid-October to facilitate better access to services.
In January 2020, Blefa GmbH (Blefa Kegs, Inc.) announced the partnership with American Keg, LLC for the production of kegs beer made in the USA which will help the company to improve the production capacity and its efficiency.

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Key players in the global kegs market are

American Keg Company,
NDL Keg Inc,
Shinhan Industrial Co, Ltd,
Ningbo BestFriends Beverage Containers Co. Ltd,
Blefa GmbH,
Schaefer Container Systems,
Petainer UK Holdings Ltd,
Ardagh Group S.A,
Julius Kleemann GmbH & Co KG,
The Metal Drum Company.

The growth in kegs market is mainly contributed by countries in North America—the region witnessing lucrative rise in the market share by 2028. Western Europe is anticipated to be the most attractive market for kegs market during the forecast period, considering substantial purchases made by Germany, France and Italy. Also, Mexico is expected to be at the forefront, spearheading the growth of the kegs market by 2028.

Increased liquor consumption such as beer and wine, is the predominant factor driving the kegs market, globally. Albeit lucrative growth, North America kegs market, is projected to suffer some setbacks in the coming years, owing to rise in steel prices.

Brain Implants Market Size, Share & Forecast | US$ 18 billion by 2032

Newly-released Brain Implants Market Size analysis report by Future Market Insights shows that global sales of Brain Implants Market in 2021 was held at US$ 5.1 Bn. With 12.3%, the projected market growth during 2022 – 2032 is expected to be slightly higher than the historical growth.

Revenue Of Brain Implants Market From 2017 To 2021 Compared To Demand Outlook For 2022 To 2032

As per the Global Brain Implants Market research by Future Market Insights – a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Brain Implants Market increased at around 10.1% CAGR.

The key revenue drivers which affected the Brain Implants Market are increase in the awareness among individuals regarding mental health, lifestyle, rise in the number of various neurological ailments like depression, anxiety, chronic pain, epilepsy, Alzheimer’s, Parkinson’s, etc. In 2020, the chronic pain sector dominated the brain implant therapeutics market, accounting for 58.8 percent of total revenue.

Rising consciousness among the public, technological advancements like BCIs (Brain-Computer Interfaces), which are implanted into the brain and use microscopic electrodes to track the activity of neurons, boost the demand for advanced brain implants. With such a huge population belonging to the aging category, they are more prone to the diseases like Parkinson’s, leading to a high brain implants market demand.

Brain Implant treatment will continue to see rising trend in demand as they could be used as a source to relieve chronic pain and enhance body movements. And also, to improve the patient’s mobility, technologies for brain implants such as motor neuron prostheses, Brain Computer Interfaces and micro electrode arrays will be extensively used in the near future. Besides, brain implants for seizures is also expected to grow in the years to come.

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What Factors Are Propelling Brain Implants Demand?

The rising numbers of neurological ailments contributes to the growth of brain implant surgery. These disorders have heightened the clinical need for long term alternatives like spinal cord stimulators and deep brain stimulators. The emergence of stress related and obesity related depression is also rising all over the world.

Due to these reasons, advanced brain implants technologies have been shown to play a significant role in giving depression treatment options. These diseases fuel the growth of global market for brain implant.

The inception of Magnetic Resonance Imaging(MRI) and Neurowave Medical Technologies are expected to shape up the market. To increase the patient’s mobility, technologies such as motor neuron prostheses, Brain Computer Interfaces (BCI) and micro electrode arrays are used.

What Could Be The Most Serious Issue With Brain Implantation In The Future?

Americans are far more likely to voice reservations about implanting computer chips in human brains than to express enthusiasm for the notion. The brain implant chip manufacturers are also exerting their efforts to bring more technologically advanced solutions. And roughly twice of them have opinion that they would not be willing to utilize this technology among them as those who say they would.

Furthermore, adults in the United States are likewise more inclined to view this form of technology as morally undesirable, while many are unsure about the moral implications. There are significant variances in religious organizations’ perspectives on this technology. Americans with strong religious devotion, including those who believe in gene editing, are more inclined to perceive such a device as “meddling with nature.”

Region-Wise Insights

Which Region is projected to Offer the Largest Brain Implants Market Opportunity?

During the projection period, North American Brain Implants Market is predicted to be the leading market for Brain Implants. According to the reports presented by Alzheimer’s disease Facts and Figures, with the increase in the number of senior citizens in the United States, the number of new and current instances of Alzheimer’s disease will also surge.

Unless medical breakthroughs to prevent, halt, or cure Alzheimer’s disease are developed, the number of persons aged 65 and older with Alzheimer’s disease is expected to rise to 12.7 Mn by 2050.

In addition, a rise in government spending and programs on rising awareness of motion disorders are projected to boost demand for brain implant devices in the region. The Parkinson’s Foundation, for example, invested US$ 3.5 Mn in 2020 to sponsor over 34 Parkinson’s disease research initiatives. These factors are likely to increase the demand for brain implants in the region.

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Country-Wise Analysis

Which Country Lies at the Centerstage for Brain Implants Market Revenue?

The United States is expected to account for the highest market of US$ 6.6 Bn by the end of 2032. Currently, the U.S. market is estimated at US$ 2 Mn.

This is due to several factors such as an increase in the incidence of neurological disorders, high awareness of various medical options, developed healthcare facilities and presence of well-virtuous physicians. It is proclaimed that brain implants has proved to provide the best treatment for depression in the U.S.

Category-Wise Insights

Why Deep Brain Stimulator is projected to Witness Fastest Growth among Brain Implants Product Type?

Market revenue through Deep Brain Stimulator is forecasted to grow at a CAGR of over 14.4% during 2022-32. The contributing factors for such growth are technological advancements like rechargeable implantable pulse generators, robot-assisted implantation, and a rise in the adoption of advanced Deep Brain Stimulator systems in healthcare units and neuro centers.

Market growth will also be stimulated due to the increase in the elderly population and innovative products in the future. However, the high cost of DBS (Deep Brain Stimulator) devices, restricted access to advanced therapy, and side effects may hamper the brain implant market dynamics during the projection period.

Market through which Disease is expected to Score Highest Growth in Revenue in the Coming Years?

Chronic Pain accounted for the highest revenue as well as a CAGR of around 13.4% for the demand for brain implants during the forecast period. Chronic pain is one of the core reasons as why individuals, mainly adults seek medical care. It hinders mobility, day to day activities, causes panic attacks and depressions and destroys lifestyle.

People suffering from chronic pain are more prone to have psychological disorders than those who do not experience it. According to research, 6%-35% of the individuals suffering from chronic pain also have comorbid anxiety illness, and almost 50% of patients have anxiety and depression symptoms.

Competitive Analysis

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in brain implants market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their brain implant market share.

Some of the recent developments of key Neural Implants providers are as follows:

In April 2022, the FDA approved brain stimulation software for use in Parkinson’s disease. Vercise Neural Navigator with Stimview XT will allow clinicians to visualize the lead placement and stimulation modelling, and is designed to provide patient-specific 3D modeling for therapeutic customization. The software is intended to aid in the placement of leads, minimise programming time, and allow for more informed treatment.
In June 2021, Medtronic plc received FDA approval for its SenSight Directional Lead System, which is used for deep brain stimulation therapy.
In March 2021, Abbott announced the launch of NeuroSphere Virtual Clinic. Deep brain stimulation patients can get programmed their devices and reset them remotely, from the comfort of their own homes, without travelling to a specialist, owing to a newly launched FDA-approved tool.
In December 2019, Aleva Neurotherapeutics received CE approval for its Deep Brain Stimulation Devices and raised USD 8 Mn in private equity funding. Aleva’s ground-breaking DBS system uses directional electrode technology and is intended to be more precise and efficient, with tailored stimulation that may lessen side effects. The company claims that it is the only emerging technology company that has received the CE-Mark for Deep Brain Stimulation.
In February 2019, Medtronic PLC released a ‘brain pacemaker’ device to help people with epilepsy. This device was somewhat similar to cardiac pacemaker. Brain Pacemaker was also approved by Food and Drugs Administration, U.S.

Similarly, recent developments related to companies in Brain Implants Market have been tracked by the team at Future Market Insights, which are available in the full report.

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Brain Implants Market Report Scope

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, Middle East & Africa

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel.

Key Market Segments Covered

Product Type, Application, Region

Key Companies Profiled

Abbott Laboratories
Medtronic PLC
NeuroPace Incorporation
Nevro Corporation
Aleva Neurotherapeutics SA
Synapse Biomedical Incorporation
Boston Scientific Corporation
Sapiens Neuro
Edwards Lifesciences Corporation

Brain Implants Market Segmentation

By Product Type:

Deep Brain Stimulator
Spinal Cord Stimulator
Vagus Nerve Stimulator

By Application:

Brain Implant for Chronic Pain
Brain Implant for Epilepsy
Deep Brain Simulation for Parkinson’s Disease
Brain Implant for Depression
Brain Implant for Essential tremor
Brain Implant for Alzheimer’s Disease

By Region:

North America
Latin America
Europe
APAC
MEA

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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LED Modules And Light Engines Market Size, Growth, Trend and Analysis Report to 2027

The LED modules and light engine, as a market has gained traction in recent times due to its applications ranging from industrial to residential sector. LED modules and Light Engines are the devices with LED on printed circuit board and driver IC respectively.

The primary and foremost feature for the use of LED modules and light engines over its straight competitors like light bulbs is that LED modules and light engines are easy to manufacture, more efficient and provides more reliable products than its straight competitors.

LED modules and light engines market gained hype due to boom in LED TV market and monitor backlight market. Some other markets which contribute to the growth of LED modules and light engine market are cell phone flash, architectural lighting and automobile lighting.

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LED modules and light engines Market: Drivers and Challenges

With the increasing adoption of smart/connected lighting and LED luminaires and lamps, in different sectors, the use of LED modules and light engines is proliferating.

Henceforth, the primary driver for LED modules and light engines market is the use of these products in many applications across sectors like automobile, electronics, healthcare etc.

LED modules and light engines are not only used in these sectors but also in broad sectors like commercial sector, residential sector, industrial sector and outdoor sectors which makes it a very vast market with number of opportunities.

Moreover, the decline in prices and an improved light quality and flexibility provided by LED modules and light engines drives its growth in the market.

The major challenge faced by the LED modules and light engines market is that it plays by the rule of one company. The other competitors report that the market is closed due to specification followed of just the one company making it a closed manufacturers’ standard.

In addition to this, a few of the LED modules and light engines suffer from 120Hz flicker which reduces the efficiency to almost 83%. This impedes the growth of LED modules and light engines market.

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LED modules and Light engines Market: Key Players

Some of the key players of LED modules and Light engines Market are Philips Lumileds, Cree, Osram Opto, GE, Everlight, Nichia, Sharp, Toyoda Gosei, Samsung LED, Seoul Semiconductor and LG Innotek.

Key Contracts

In January 2015, Nichia and Mitsubishi Chemical reached an agreement on patent cross-licensing related to red phosphor for white LEDs. The patents targeted by the cross-licensing in the agreement which include Nichia’s patents and MCC and NIMS’s patents. The companies also announced that Nichia, Citizen, MCC, and NIMS have reached an agreement to share the U.S. patent, which is one of the basic patents that MCC and NIMS co-own.

LED modules and light engines Market: Regional Overview

By geography, LED modules and light engines market can be segmented into the following regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa.

Among various regions, the LED modules and light engines Market in North America is expected to dominate during the forecast period owing to the adoption of LEDs and applications including LEDs on a common utility purpose by several industries.

Europe, after North America, is expecting a slower growth rate in the LED modules and light engines market because of the lack of manufacturers and a complex technology.

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Regional analysis for Global LED Modules and Light Engines Market includes

North America Market
- US
- Canada
Latin America Market
- Argentina
- Mexico
- Brazil
- Rest of Latin America
Western Europe Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe Market
- Poland
- Russia
- Rest of Eastern Europe
Asia Pacific Market
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
Japan Market
Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA

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.

LED modules and light engines Market: Segmentation

Segmentation of LED modules and light engines Market on the basis of applications:

Commercial
Residential
Industrial

Segmentation of LED modules and light engines Market on the basis of form factor:

Downlights: These have a, comparatively, lower selling price and are more easy to use. Downlights incorporate a higher percentage of LED modules and light engines
Troffers: These are less integrated LED modules and light engines which results into lower costs
High bays and Street lights: These have more integrated LED modules and light engines, and henceforth has higher ASP and slower price declines

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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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Multihead Weighers Market to Achieve A High CAGR Of 3.7% During Forecast Period -2031

The multihead weighers market size is expected to reach US$ 221.1 Mn in 2021, likely to surge at a vigorous 3.7% CAGR during the assessment period.

According to the latest report published by Future Market Insights (FMI), the sales in the multihead weighers market are anticipated to grow 1.5 times between 2021 and 2031. The exponential rise in demand for packaged foods and pharmaceutical products among millennials, and producers eyeing to expand their operational capacities to cater the growing demand from diverse industries are estimated to fuel the sales of multihead weighers across the globe.

Key global manufacturers of multihead weighers are marketing their machinery solutions by highlighting the flexible integration of multihead weighers in the production lines. Several leading marketers are positioning their multihead weighers as specifically designed for the food sector and suitable for weighing, measuring, and packaging all types of food products.

In addition to this, some multihead weigher manufacturers are highlighting the standalone applications of the machines by offering the usage of multihead weighers separate from the production line.

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Growth in demand for multihead weighers is propelled by increasing popularity and the adaption of advanced machinery solutions like multihead weighers across various manufacturing industries. This will enable growth in the market in the coming years.

Key Takeaways from Multihead Weighers Packaging Market

Multihead weighers sales equipped with 11 heads to 15 heads are expected to increase at approximate growth rate of 4% over the forecast period

Multihead weighers with the capacity to produce 71 packets per minute to 140 packets per minute are expected to emerge as the most rewarding machine output segment, creating incremental opportunity of ~US$ 80 Mn between 2021 and 2031.

The recent boom witnessed by the organized retail industry and market penetration by international food brands in emerging markets fuelled the demand for products packed in 1,001 grams to 2,500 grams packaging formats. This has in turn fuelled the demand for multihead weighers with weight measuring capacity between 1,001 grams to 2,500 grams.

The flexible integration of rotary multihead weighers in the existing production lines s, along with the easy user interface of the machine, makes rotary multihead weighers the most sold machine type. It is expected to hold a market share of 96% through the forecast period.

Shifting consumer preferences towards processed foods items offering extended shelf lives with attractive and convenient packaging makes food sector the largest end user of multihead weighers. The food industry is expected to hold almost 90% market share in the year 2021.

“Introduction of fully automated multihead weighers to help maximize production capacity of manufacturers across various industries, along with sharp rise in demand recorded in emerging markets are indicative of global expansion of multihead weighers market,” says a FMI analyst.

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Automated Packaging Solutions Gaining Traction across the Food Processing Industry

Most leading companies operating in the food processing industry are adopting fully automatic machines for their production and packaging operations. The companies located in the developed markets of North America and Europe are exhibiting a higher demand for automated packaging and production lines to increase their overall production capacity and reduce wastage.

The packaged food manufacturers in the emerging markets are recording increasing demand for automated multihead weighers, which are viewed as advanced packaging and measuring solutions. Multihead weigher manufacturers are offering small and medium-sized food processors with easier financing options. Financial institutions are also offering various loans to upgrade from traditional packaging solutions to fully integrated packaging lines.

These strategies adopted by multihead weighers manufacturers, along with free installation and warranty offers, are resulting in the increased adoption of multihead weighers by both small and large food processors.

Multihead Weighers Market Landscape

Some of the key players dominating the global multihead weighers market are IMA Group, ISHIDA CO., LTD., Marel Food Systems, Scanvaegt Systems A/S, Duravant LLC, MULTIPOND Wägetechnik GmbH, Yamato Scale Co., Ltd., multiweigh GmbH, Dm Packaging Group S.r.l, RADPAK, PFM Group, Rees Machinery Group Ltd, Comek S.r.l., Laurijsen Weegautomaten Dongen B.V., and Grupo Exaktapack S.L.

Multihead Weighers Market

By Number of Heads:

Up to 10 Heads
11 Heads to 15 Heads
16 Heads to 20 Heads
More than 20 Heads

By Machine Output:

Up to 70 PPM
71 PPM to 140 PPM
141 PPM to 210 PPM
More than 210 PPM

By Maximum Weight Measurement:

Up to 1000 Grams
1001 Grams to 2500 Grams
2501 Grams to 5000 Grams
More than 5000 Grams

By Machine Type:

Rotary Machine
Linear Machine

By End-Use:

Food
- Snacks Food
- Meat, Poultry, and Frozen Food
- Ready-to-eat Meals
- Fresh Produce & Salads
- Dairy Products
- Bakery & Confectionary
- Cereals & Grains
- Others (Pet Food, etc.)
Chemical
Pharmaceutical
Other Industrial

Spatial Mass Spectrometry Global Market projected to grow at a CAGR of over 16.6% during 2022 – 2032

Newly released Spatial Mass Spectrometry Market Share analysis report by Future Market Insights shows that global sales of Spatial Mass Spectrometry Market in 2021 was held at US$ 224.1 Mn. With 15.3%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth.

Spatial Transcriptomics is expected to be the highest revenue generating technology, projected to grow at a CAGR of over 16.6% during 2022 – 2032.

Global Spatial Mass Spectrometry Market CAGR (2022-2032)

15.3%

Global Spatial Mass Spectrometry Market Size (2022)

US$ 254.8 Mn

Global Spatial Mass Spectrometry Market Size (2032)

US$ 1 Bn

U.S. Spatial Mass Spectrometry Market CAGR (2022-2032)

14.8%

Key Companies Covered

10x Genomics
Dovetail Genomics
S2 Genomics Inc
NanoString Technologies Inc
Seven Bridges Genomics
PerkinElmer, Inc.
Bio-Techne
Danaher Corporation
IonPath, Inc.

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Revenue Of Spatial Mass Spectrometry Market From 2017 To 2021 Compared To Demand Outlook For 2022 To 2032

As per the Spatial Mass Spectrometry Market research by Future Market Insights – a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Spatial Mass Spectrometry Market increased at around 12.7% CAGR.

The factors pushing the Spatial Mass Spectrometry Market growth include the growing cancer prevalence and incidence rates. Geographical omics combines molecular analysis with geographical data on the location of a cell within a tissue.

Omics is a broad term that includes epigenomics, genomics, transcriptomics, lipidomics, proteomics, and metabolomics, among other studies. One of the key incentives for Spatial Mass Spectrometry is its high potential as diagnostic tools, notably in oncology.

The market’s modest acceleration is attributable to technological advancements in Spatial Mass Spectrometry combined with aggressive spatial penetration expansion. Geographical analysis provides for improved molecular research regarding spatial information.

New Spatial Mass Spectrometry solutions and products are continually being developed by startups, established players, and expanding enterprises in the market. They’re also participating in mergers and acquisitions, which is hastening the implementation of Spatial Mass Spectrometry around the world.

Spatial Mass Spectrometry Market was valued at US$ 224.1 Mn in 2021. According to Future Market Insights, Spatial Mass Spectrometry Market revenue would increase 4X between 2022 and 2032, reaching roughly US$ 1.0 Bn in 2032.
In terms of Technology, the Spatial Transcriptomics accounts for the highest projected CAGR of over 16.6%.
In terms of Sample Type of Spatial Mass Spectrometry, FFPE accounts for the highest CAGR of 13.3% during the historic period (2017-21).
US is the dominant market in global Spatial Mass Spectrometry Market with an absolute dollar growth opportunity of over US$ 283.1 Mn.

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What Factors Are Propelling The Demand For Spatial Mass Spectrometry?

Companies are employing Spatial Mass Spectrometry to better comprehend molecules during clinical trial investigations. The usage of Spatial Mass Spectrometry in pharmaceutical research and discovery phases promotes substantial growth in the Spatial Mass Spectrometry market.

The rising adoption of spatial genomics and transcriptomics approaches for drug discovery and development, as well as increased R&D investments and public-private funding, are some of the primary drivers of the spatial genomics and transcriptomics market. In addition, the advent of technologically improved devices for spatial genomics analysis is fueling market expansion.

The market for spatial genomics and transcriptomics will grow fast as the potential of spatial genomic analysis with the growth in cancer diagnosis tools, and the arrival of the fourth generation of sequencing. Genome positioning is an intriguing novel biomarker that is required in a range of cancer types.

For a range of medical conditions, spatial patterns in the genome have been uncovered, leading to the use of spatial information as a diagnostic biomarker for a variety of diseases. Biomarkers are in high demand because they make it easier to distinguish between benign and malignant tumours. As a result, there is a growing demand for spatial genomics analysis as a cancer detection tool.

A variety of spatial transcriptomics techniques have been developed and successfully implemented to fulfil the growing demand for a deeper understanding of tissue profiling.

Which Industries Are Pulling The Growth Trigger In Spatial Mass Spectrometry Market?

The use of Spatial Omics in drug discovery and development is becoming more common. During clinical trial investigations, companies are using Spatial Mass Spectrometry to better understand molecules. The use of Spatial Mass Spectrometry in medication development and discovery phases supports huge growth in the Spatial Mass Spectrometry market today and in the near future.

The market for Spatial Mass Spectrometry will expand owing to the upcoming Spatial Mass Spectrometry technologies and improvements. For example, Spatial Transcriptomics, for example, is an in situ capture technology that allows for the quantification and visualization of transcriptomes in particular tissue slices.

The use of Spatial Mass Spectrometry techniques in cancer diagnostics is expected to yield significant results in the near future.

Region-Wise Analysis

Which Region is projected to Offer the Largest Opportunity for Spatial Mass Spectrometry Market?

North America leads the Spatial Mass Spectrometry market, owing to the development of technology to discover illness biomarkers. The market is growing due to rising demand for cancer treatment and the occurrence of cancer in North America, where around 1.2 Mn women get biopsies each year.

And about 20% of them have been told they have breast cancer. Furthermore, the market’s expansion would be aided by the availability of qualified experts and healthcare facilities equipped with cutting-edge diagnostic procedures and medicines throughout the projection period.

In the Spatial Mass Spectrometry market, Asia Pacific held a sizable proportion of the global market. Factors contributing to the region’s growth include an increase in the number of enterprises entering the market, as well as biological activities and research studies, all of which are expected to promote the use of Spatial Mass Spectrometry tools throughout the forecast period.

Country-Wise Analysis

Which Country Lies at the CenterStage for Spatial Mass Spectrometry Market Revenue?

The United States is expected to have the highest market share of US$ 378.4 Mn by the end of 2032. In 2021, the United States had the highest revenue share of over 35%. The market is expanding as the prevalence of chronic diseases including cancer and heart disease rises. Cancer is one of the leading causes of death in the United States. In 2018, around 1,735,350 new cancer diagnoses and 609,640 cancer-related deaths were recorded.

Category-Wise Insights

Which Spatial Mass Spectrometry Segment is projected to Witness Fastest Growth among Spatial Mass Spectrometry Type?

The Spatial Transcriptomics segment is forecasted to grow at the highest CAGR of over 16.6% during 2022-2032. This segment’s growth is fuelled by the introduction of novel tools and instruments. Through this procedure, the technology may aid in the discovery of the subcellular localization of mRNA molecules.

Furthermore, the technology makes the process of studying genomic analysis much easier. This could potentially meet the needs of biological specimens of nucleic acid or single cells. Market growth is expected to be aided by these factors.

These techniques generally promote fields in molecular genetics and biochemistry associated with structure-oriented fields such as embryology and histology. This allows the genomics segment to grow at a faster rate than the rest of the market over the forecasted timeframe.

Which Sample Type of Spatial Mass Spectrometry is expected to Score Highest Growth in the Coming Years?

The FFPE segment is forecasted to grow at the highest CAGR of over 15.8% during 2022-2032. The FFPE sector has the largest market share of around 55% due to breakthroughs in the examination, experimental research, and diagnostic progress. Furthermore, the fresh frozen segment is predicted to grow at the fastest rate due to increased demand.

Competitive Analysis

Among the leading Spatial Mass Spectrometry companies are 10x Genomics, Dovetail Genomics, S2 Genomics Inc, NanoString Technologies Inc, and Seven Bridges Genomics. To gain a competitive advantage in the industry, these market players are investing in partnerships, mergers and acquisitions, and expansion.

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Some of the recent developments of key Spatial Mass Spectrometry providers are as follows:

In June 2021, NanoString Technologies Inc, a prominent provider of life science tools for discovery and translational research, for example, announced new solutions to analyse the immune response in COVID-19 disease research.
In December 2021, EEL Transcriptomics AB, announced that it has acquired the assay assets and IP of Rebus Biosystems Inc., a life science technology startup based in the United States.
In November 2021, ICON plc stated that its Accellacare Site Network has expanded its scope and capabilities with new partnerships six research sites in four countries.
In February 2021, Parexel and Neo Genomics formed a precision medicine strategic alliance, with the purpose to improve study designs and accelerate patient matching in oncology clinical trials.
In March 2019, Mission Bio and Labcorp partnered to employ single-cell genomics to speed up the creation of tailored medications.

Similarly, recent developments related to companies Spatial Mass Spectrometry services have been tracked by the team at Future Market Insights, which are available in the full report.

Spatial Mass Spectrometry Market Report Scope
Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Key Countries Covered

United States, U.K., China, South Korea, Japan

Key Market Segments Covered

Technology, Product Type, Workflow, Sample Type

Key Companies Profiled

10x Genomics
Dovetail Genomics
S2 Genomics Inc
NanoString Technologies Inc
Seven Bridges Genomics
PerkinElmer, Inc.
Bio-Techne
Danaher Corporation
IonPath, Inc.
Millennium Science Pty Ltd.
Akoya Biosciences, Ltd.
Fluidigm Corporation
Diagenode Diagnostics
Biognosys AG
Rebus Biosystems
Ultivue, Inc.
Vizgen Corp.
BioSpyder Technologies
Bruker
Brooks Automation, Inc.

Market Segments Covered In Spatial Mass Spectrometry Market Analysis

By Technology:

Spatial Transcriptomics
Spatial Genomics
Spatial Proteomics

By Product Type:

Instruments
Consumables
Software

By Workflow:

Sample Preparation
Instrumental Analysis
Data Analysis

By Sample Type:

FFPE
Fresh Frozen

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About FMI:

Skin Replacement Market Share to rise upto US$ 1,202.2 million in 2024 | Research by FMI

The primary growth drivers for the skin replacement market during the study period are predicted to be an increase in global life expectancy, advancements in skin replacement technologies, and increased healthcare spending.

The skin replacement market share is expected to increase at a 6.4 percent CAGR from US$ 838.0 million in 2018 to US$ 1,202.2 million in 2024. The rising frequency of dermatological disorders is a major driving force for the demand for skin replacement.

The rising number of burn patients is another important factor driving the skin replacement market share forward. According to research published by the World Health Organization, the bulk of the 180,000 global deaths related to burn injuries each year occur in low and middle-income nations.

Key companies profiled

Platelet Bio Genesis
Cynata Therapeutics Limited
TissueGene, Inc.
Cellular Dynamics International
Tengion.

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In nations like Egypt, Bangladesh, Pakistan, and Colombia, many children with burns become crippled as a result of the severity of the condition and inadequate medical care. Skin replacement and substitute goods are extremely beneficial in the treatment of burn wounds.

Geographically, North America dominated the skin replacement market, owing to world-class healthcare infrastructure, sophisticated facilities, increased awareness, increased technological penetration, and increased citizen spending on healthcare. Europe and Asia-Pacific had the second and third largest demand for skin replacement, respectively.

Asia Pacific is expected to have the fastest growth in rising demand for skin replacement owing to the broadening healthcare systems, rising expenditure, public programs, and increasing human awareness, as well as a growing medical tourism business in developing countries like China and India.

How is the Skin Replacement Market Characterized?

Skin is the largest organ in the human body which is highly dynamic in nature. It is composed of two layers; the outer layer called the epidermis and the inner layer called the dermis. Its network of nerves, blood vessels and cells thus act as protective armor. It serves the body in diverse ways. It’s of paramount importance owing to its protective functionality.

The skin’s protective function creates a barrier for internal organs and tissues from toxins, disease-carrying microbes, heat and cold, and other dangers present in the environment. It also plays a significant role in regulating the body temperature and preserving the body’s fluid balance. Nerves within the skin sense the presence of potentially harmful agents, such as bees, and immune cells in the skin help to fight against these malicious agents.

For the aforementioned reasons, the loss of skin due to burns or trauma can cause a severe blow to the human body; leading to impairment or sometimes elimination of many vital functions that it typically performs.

The artificial skin can be easily sterilized and usually stored at room temperature. Skin replacement represents a prospective source of advanced therapy in combating acute and chronic skin wounds. With the capability of large-scale production and immediate availability for grafting, its potential for use is easy and relatively economic among the burn patients.

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What are the Key Drivers and Restraints of the Skin Replacement Market?

Much progress has been made toward the development of artificial skin replacement products. Continued research promises a growth in the demand for skin replacement products to the marketplace, and each new product seems to develop a niche in the field of skin replacement. Increased life expectancy, increasing disposable income and favorable demographics are some of the key factors driving the growth of the global skin replacement market.

Bioengineered skin replacements are continually being developed and improved. The next generation of skin replacements will probably evolve from lessons learned from our understanding of wound repair and regeneration. Competition from low-cost substitutes, lack of clinical support are probable factors restraining the growth of the global skin replacement market.

Though skin replacement is a new technology for emerging economies, in developed nations the same technology has been in use for a few decades. With increasing disposable income and rising urbanization, the acceptance of skin replacements is gaining popularity. The global skin replacement market is expected to expand at a promising CAGR during the forecast period.

What is the Regional Outlook of the Skin Replacement Market?

Skin replacement market is still in its early stage of maturity. The global skin replacement market is expected to register an optimistic CAGR for the forecast period. Depending on geographic regions, global skin replacement market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

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Scope Of Report

Growth rate

CAGR of 6.4% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

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

Segments covered

Product, application, end user, 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.

About FMI:

Orthopedic Prosthetic Devices Market Size to be US$ 2.8 Billion by till 2027 |

The demand for orthopedic prosthetic devices arises as orthopedic prosthetic devices help many from traumatic injury, congenital condition or disabling illness.

The orthopedic prosthetic devices market size is projected to register a CAGR of 4.7% during the forecast period, up from US$ 1.9 Bn in 2019 to reach a valuation of US$ 2.8 Bn by 2027.

This device caters to individuals who experience an extremity amputation, are missing not only a limb but also a sophisticated tool for daily living which emphasizes its need thereby scaling up the sales of orthopedic prosthetic devices.

The report sheds light on the factors improving the sales of orthopedic prosthetic devices. However, the orthopedic prosthetic devices market also faces some challenges, which might limit the orthopedic prosthetic devices market share.

More than 10 million people are living with limb loss which augurs well in regard to the demand for orthopedic prosthetic devices as well as sales of orthopedic prosthetic devices.

Sales of orthopedic prosthetic devices are expected to rise as the number of accidents increase during the forecast period

The Introduction of Internet of Things (IoT) technologies for prosthetics is expected to boost the orthopedic prosthetic devices market growth and the orthopedic prosthetic devices market share.

Intellirod Spine released iLink, a Bluetooth-enabled sensor module that can be attached to any brace, orthotic, or prosthetic and used with a free smartphone app to track daily wearing compliance, upright posture time, and mobility.

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In addition to this, demand for orthopedic prosthetic devices is surging on account of prosthetics in R&D.

For example, Medical University of Vienna researchers collaborated with Otto Bock Healthcare Products, Alfred Mann Foundation, and Imperial College London to develop a prosthetic arm with a few built-in electrodes that contact with the skin of the patient thereby causing the prosthetic arm claw to open and close.

The growing acceptance of upper limb orthopedic prosthetics among healthcare professionals and patients due to features such as high firmness and technical innovative properties likely fuels the demand for orthopedic prosthetic devices.

Furthermore, the spiking demand for orthopedic prosthetic devices (custom-made) will continue to elicit profitable opportunities for market players to augment their orthopedic prosthetic devices market share.

What Factors are Influencing the Orthopedic Prosthetic Devices Market?

Presently, demand for orthopedic prosthetic devices is driven by technological advancement, increasing in the number of incidence of disabilities, and growth rate of chronic and lifestyle diseases.

Orthopedic prosthetic devices global market is positively influenced by the increased focus on improving quality of life, rapid innovations in production and modelling technologies.

Growing awareness towards orthopedic ailments and the rise in sports injuries also acts as an accelerator to the demand for orthopedic prosthetic devices, in turn augmenting the sales of orthopedic prosthetic devices.

However, the growing healthcare budget, poor healthcare reimbursement, and payment models hinder the demand for orthopedic prosthetic devices globally.

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Sales of orthopedic prosthetic devices is impeded by the consolidation of market leaders which also act as a major barrier for the growth of the orthopedic prosthetic devices market.

Sales of orthopedic prosthetic devices are anticipated to go up as rapid innovations in production and modelling emerge.

A rise in sports injuries also adds fuel to the demand for orthopedic prosthetic devices. As a result, the sales of orthopedic prosthetic devices are expected to have a huge rise during the forecast period.

What is the Region-wise Outlook of the Orthopedic Prosthetic Devices Market?

Depending on geographic region, global orthopedic prosthetic devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held the largest share in the global orthopedic prosthetic devices market followed by Europe and Asia Pacific.

The direct presence of key regional players, a strong distribution network, and a well-established healthcare infrastructure are among the key factors driving the demand for orthopedic prosthetic devices in North America.

The use of new polymer materials and the development of prosthetic devices tailored to the functional needs of patients are two recent trends in the North American orthopedic prosthetic devices market.

These new trends are expected to propel the sales of orthopedic prosthetic devices market in the region to a considerable extent.

To meet the needs of users, manufacturers are concentrating on developing lightweight yet long-lasting orthopedic prosthetics, in turn enlarging their orthopedic prosthetic devices market share.

The developing nations in the Asia Pacific, the Middle East, and Africa hold huge potential for sales of orthopedic prosthetic devices, owing to developing economies and technological advances.

How Strong is the Competition in the Orthopedic Prosthetic Devices Market?

There are several major players in the orthopedic prosthetic devices market, which is moderately competitive.

The orthopedic prosthetic devices market is dominated by companies like Fillauer LLC, Willow Wood Global LLC, Ossur, Mobius Bionics, and Blatchford Ltd, among others.

Some other key global players in the orthopedic prosthetic devices market are Hanger Inc., Otto Bock HealthCare GmbH, Endolite Ltd., Touch Bionics Inc., Ossur hf., Howard Orthopedics Inc.

To secure a position in the global competitive market, the companies are forming strategic alliances such as acquisitions & collaborations, thereby consolidating their market position by augmenting the orthopedic prosthetic devices market share.

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Recent developments in the orthopedic prosthetic devices market are:

Hero Arm, a developed version of Open Bionics’ existing product, was unveiled. The metal gear solid bionic/prosthetic version was created with the goal of making prosthetics more affordable.
The “Avenger Radial Head Prosthesis System” was introduced in the United States market by In2Bones Global Inc. This product is used to replace the radial head’s primary and revision joints.

Key Segments

By Product:

Upper Extremity Prosthetics
Lower Extremity Prosthetics
Sockets
Other Products

By Technology:

Conventional
Electric-powered
Hybrid Orthopedic Prosthetics

By Region:

North America
Latin America
MEA
Europe
Asia Pacific

About FMI:

Palletizers Industry is Estimated at USD 2.6 Billion in 2022 And Is Projected to Reach USD 3.4 Billion by 2028

The palletizers market size is expected to reach USD 2.6 billion in 2022, likely to surge at a vigorous 4.7% CAGR during the assessment period.

According to the latest market report published by Future Market Insights titled “Palletizers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2022-2028,” Palletizers being a highly productive material handling solution is expected to be the prime driver of the global palletizers market during the forecast period, 2022-2028.

The palletizers market in the developed region of North America and Western Europe together estimated to account for around 40% of the global palletizers market and are projected to witness low growth during the forecast period. The developed countries of North America and Western Europe region has high adoption rate for recently developed technology.

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This has resulted into high demand of advanced technology for robotic palletizers as compared to other regions. Large number of palletizers manufacturers are based in these regions only. Although, the manufacturing output growth in these regions have matured, the continuous developments introduced in the robotic palletizers and the end-user industries aiming highest automation possible has propelled the palletizers market in North America and Western Europe.

China, India and South Korea are some of the rapidly developing manufacturing industries in the world and large market for robotics in the world. These countries are estimated to account for more than 85% of the APEJ palletizers market.

Although, China is the largest palletizers market and the largest robotics market in the world, the industrial robot density of China is below global average. Millions of manufacturing and warehousing facilities, and huge domestic production of economical palletizers has created large opportunity for the palletizers market in the country.

Japan is exhibited to possess similar characteristics as that of North America and Western Europe, which are maturing the demand of palletizers, large palletizers market share and rapid adoption of technology. Fanuc, Kuka and other globally leading companies in robotics industry and providing palletizers are based in Japan.

Central Europe & Baltics region includes countries such as Czech Republic, Poland, Hungary, Croatia and others. The total labour force in the region has remained almost constant since 2002 while the manufacturing output in the region has expanded by around 2.7 times.

This has created immense opportunity in the region for palletizers market and other industrial automation solutions. Availability of economical and skilled labour in Poland has attracted manufacturing industries in the Western Europe region to shift their production facility to Poland and other countries in the Central Europe and Baltics region.

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In the MEA region, Turkey and GCC region are estimated to account for around 60% of the MEA palletizers market in 2018 and are further expected to expand palletizers market at a significantly high pace as compared to African countries. MEA region has considerably higher demand share of conventional palletizers as compared to other regions.

The rapidly developing pharmaceutical industry in the North Africa and GCC region has propelled the demand of palletizers in the region. Due to lack of manufacturing capability, the majority of the demand of palletizers is served by imports from Asia Pacific and Western European countries.

The market volume for global palletizers is expected to expand at 1.6X over the forecast period 2022-2028

Detailed profiles of palletizers companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global palletizers market are Premier Tech Chronos Ltd., ABB Ltd., FANUC Corp., Kion Group, Kuka Group, Honeywell International Inc., Okura Yusoki Co., Ltd., Columbia Machine, Inc., Fuji Yusoki Kogyo Co., Ltd. and Concetti S.P.A.

In global palletizers market report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively.

Palletizers Market by Category

By machine type, palletizers market is segmented as:

Conventional Palletizers
- Low-level
- High-level
Robotic Palletizers
- Anthromorphic
- Gantry

By product type, palletizers market is segmented as:

Cases & Boxes
Bags & Sacks
Pails & Drums
Trays & Crates
Bundles

By end-user industry, palletizers market is segmented as:

Food
Beverage
Pharmaceutical
Cosmetics
Chemical
Building & Construction
Others

Tracheal Tubes and Airway Products Market Value to be US$ 5,331 Bn in 2027 | FMI Research

tracheal tubes and airway products market size is expected to grow at a healthy CAGR of 6.4% over the forecasted period of 2022-2032, owing to the rapid technological advancements in the healthcare industry and the acceptance of tracheal tubes and airway products among the ageing population and patients with chronic respiratory diseases the sales of tracheal tubes and airway products.

The constant improvements in the healthcare industry, as well as cutting-edge medical equipment and techniques for improved treatments for chronic respiratory disorders, are fuelling sales of tracheal tubes and airway products.

The sale of tracheal tubes and airway products is predicted to increase as key players focus on attending conferences and events connected to the products.

What are the Tracheal Tubes and Airway Products Market Growth Dynamics?

The tracheal tubes and airway products market is being driven by the increasing demand for tracheal tubes and airway products in mechanical ventilation and critical care to improve survival rates.

The demand for tracheal tubes and airway products is increasing as the frequency of chronic respiratory disorders rises and the efficiency of airway products improves. Various product breakthroughs that have revolutionised oral care for ventilated patients in intensive care units have boosted the sales of tracheal tubes and airway products industry.

Due to their importance in improving a patient’s chances of survival, demand for tracheal tubes and airway products in surgical operation is rising.

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What Factor Drives the Tracheal Tube and Airway Products Market?

The ageing population, growing frequency of chronic respiratory disorders, and increased number of surgical operations are driving the tracheal tubes and airway products market escalating the sales of tracheal tubes and airway products presently.

The tracheal tubes and airway products market is expected to grow due to increasing technological advancements in the field along with increased accessibility to advanced products.

Which Sector Eyes an Opportunity for The Tracheal Tubes And Airway Products Market?

The expansion of tracheal tubes and airway products market is fuelled by strong demand for tracheal tubes and airway products for home-based therapy and developments in video laryngoscopes.

The escalating demand for tracheal tubes and airway products for the treatment of chronic respiratory diseases is expected to be a significant reason in the endotracheal tube sub-section leading the item fragment throughout the forecast period.

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What is the Restraint in the Tracheal Tubes and Airway Products Market?

The dearth of skilled healthcare professionals and the enormous variety of product kinds in this industry operate as a restraint for tracheal tubes and airway products market.

Owing to the high out-of-pocket expenditures of healthcare in developing countries, sales of tracheal tubes and airway products like video laryngoscopes and advanced surgical techniques is limited, which has become a major restraint in the tracheal tubes and airway products market.

What is the Key Tracheal Tube and Airway Products Market Segment Based on the End Users?

Tracheal tubes and airway products market is divided into medicinal diagnostics division, social insurance offices, therapeutic diagnostics sector, and others based on end-clients. The medical clinic segment is expected to be the largest in the tracheal tubes and airway products market.

The availability of a large pool of individuals suffering from a variety of endless respiratory illnesses, as well as the proximity of cutting-edge products for the treatment of respiratory illnesses, is propelling the sales of tracheal tubes and airway products forward.

Which Region has the Highest Tracheal Tubes and Airway Products Market Share?

North America will have the tracheal tubes and airway products market share owing to technical advances and the availability of sophisticated equipment in this region.

The Asia Pacific is expected to be the fastest-growing tracheal tubes and airway products market share, with an increase in the senior population, which would cause respiratory difficulties, fuelling demand for tracheal tubes and airway products.

The area’s rapidly ageing population, especially in China and India, is supposed to induce respiratory problems, driving up demand of tracheal tubes and airway goods as well as boosting the sales of tracheal tubes and airway goods

Who Are The Prominent Competitors in the Tracheal Tube and Airway Products Market?

Teleflex Inc., Smiths Medical, Medtronic Plc., Medis Medical (UK) Ltd, VBM Medizintechnik GmbH, The Airway Company (Shikani Medical, LLC), Halyard Health, Boston Medical Products Inc., BomiMed, and Mercury Medical are some of the prominent competitors in the tracheal tubes and airway products market.

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The sales of tracheal tubes and airway products is predicted to increase due to major companies’ use of tactics such as mergers, acquisitions, partnerships, and others to retain a competitive advantage in the industry.

Growth rate

CAGR of 6.4% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2032

Report coverage

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

Segments covered

Product type, Material, End User, 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

Key companies profiled

Teleflex Inc.; Smith’s Medical; Medtronic Plc.

Medis Medical (UK) Ltd; VBM edizintechnik GmbH; The Airway Company (Shikani Medical, LLC); Halyard Health; Boston Medical Products Inc.; BomiMed; Mercury Medical

Customization scope

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

Pricing and purchase options

Key Segments

By Product Type:

Products
Accessories

By Material:

Polyvinyl Chloride (PVC)
Thermoplastic Polyurethane (TPU)
Silicone
Polyolefins
Others

By End User:

Hospitals
Surgical / Ambulatory Surgical Centers
Homecare Settings

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

About FMI: