Market Research Blog – Page 10615 – New Product Development

USB Type-C Market Size, Share & Forecast | US$ 127.2 Bn by 2030

According to a recent report published by Future Market Insights, the USB Type C market is expected surpass US$ 127.2 Bn by 2030 at 29.7% CAGR, with applications in the telecommunication industry gaining major market share.

Due to the coronavirus outbreak and the rising need for smartphones, tablets, and laptops to support work-from-home and e-learning needs, the market for USB type C technology is expected to grow globally in 2020, albeit more slowly than in 2019.

According to FMI researchers, applications for the telecommunications sector will play a significant role in the industry’s revenue growth for data transmission and power delivery systems. On the other hand, market participants face competition from various alternative technologies like micro-USB.

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Due to efforts made by manufacturers in the consumer electronics and industrial electronics sectors to standardise component specifications, the USB type C market is anticipated to experience exponential expansion over the course of the research period. Additionally, the expected spike in demand for electric vehicles would ultimately improve market dynamics.

Even if the market for USB type C is predicted to grow even further, concerns with voltage fluctuations and heat dissipation in automotive applications continue to be significant problems for industry participants.

The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:

The USB type C market was valued at 15.9 Bn in 2022, with growth in demand marginally impacted during the coronavirus outbreak, with supply chain disruptions.
Telecommunication industry applications of USB type C products contribute substantially to revenues, with the development and implementation of power delivery and connector technologies.
Smartphone and tablet applications of USB type C technology is reflecting higher demand than computers, cameras, TVs, and media players. However, charger and adapter applications are likely to reflect faster growth through 2030.
North America remains a major market, supported by demand for smartphone charging and internet applications. However, East Asia is generating lucrative growth opportunities with investments in production facilities from international players, and growing focus on industrial and automotive electronics.

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Covid-19 Impact on USB Type C Market

The increasing penetration and use of smartphones, tablets, and laptops, as well as the rise in data transmission and power consumption applications in the consumer electronics industry, have continued to be major drivers of the USB type C market. However, it is predicted that the coronavirus pandemic will have a negligible short-term effect on the market.

Due to the limitations put in place by governments all over the world, the industry is anticipated to see problems with the supply of components and raw materials.

However, it is projected that the popularity of remote learning choices and the trend toward home-based business models would increase application and demand for USB type C goods.

Competitive Landscape

USB Type-C product manufacturers are focusing on investments in product development in terms of energy efficiency and faster charging for portable devices.

Market players are also pushing for capacity and geographic expansions to keep up with the trends of standardization, and the massive demand for related devices.

For instance,

Cypress Semiconductor announced the release of two USB Type-C controllers for applications with laptops and desktops, under the names EZ-PD CCG6SF and EZ-PD CCG6DF, for dual and single port uses with USB 3.2 configurations.

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USB Type-C Industry Survey

USB Type-C Market by Protocol:

DisplayPort
HDMI
MHL
Thunderbolt
USB Audio over USB Type-C

USB Type-C Market by Application:

Smartphones & Tablets
Personal Computers & Laptops
Digital Cameras
TVs
Chargers & Adapters
Media Players
Others

USB Type-C Market by Industry:

Consumer Electronics
Automotive
Media & Entertainment
Telecommunications
Healthcare
Others

USB Type-C Market by Region:

North America USB Type-C Market
Latin America USB Type-C Market
Europe USB Type-C Market
East Asia USB Type-C Market
South Asia & Pacific USB Type-C Market
Middle East & Africa (MEA) USB Type-C Market

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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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POS Terminal Market Set to Witness an Uptick Size US$ 180.4 Bn from 2022 to 2032: Future Market Insights, Inc.

As per the POS Terminal Market examination by Future Market Bits of knowledge (FMI), the interest enrolled in the market will develop at a CAGR of 9.4% from 2022-2032.

The report likewise figures that the market will outperform a valuation of ~US$ 73.7 Bn toward the finish of 2022. According to FMI, developing interest for the Close Field Correspondence (NFC) advancements has positively expanded the interest for POS terminals frameworks. POS terminal frameworks have become critical in course of installments and making business errands computerized.

The utilization of remote POS terminal gadgets helps smoothing out installment cycles and gives staff the adaptability to go through with exchanges anyplace. Nonetheless, challenges engaged with the credit only installments incorporate advanced proficiency, reasonable contraptions, low confidence in portable wallets, and misrepresentation risk.

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Medical care, retail, and eateries, are the essential areas utilizing POS terminal gadgets to effortlessly oversee installments. Because of the advanced change, the POS terminal is changing the market steadily. Additionally, moment receipts, comfort to utilize, going credit only, less possibilities of exchange disappointments or undoings are the significant benefits of POS terminal from client’s stance.

Key Takeaways: POS Terminal Market

By component, POS terminal devices segment is anticipated to account for the leading share of 0% in the global demand for POS terminal in 2032.
By type, fixed POS segment is expected to dominant the market with the share of 3% in 2032 in the global POS terminal market.
By application, the adoption of POS terminal in healthcare sector is anticipated to grow at a CAGR of 7% between 2022 & 2032, while retail segment is currently dominating the market share.
North America is expected to lead the market followed by Europe in 2022. Asia Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
The market in India is expected to progress at a CAGR of 0% through 2032.
In France, sales are expected to grow at a CAGR of 2% over the forecast period.

“Due to the COVID-19 outbreak, sectors like retail, healthcare, and other industries inclined towards adopting cashless payments. This further encouraged the POS terminal vendors to increase the production to meet the growing demand worldwide,” says FMI analyst.

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Adoption of Contactless Payments is Spurring the Growth of POS Terminal Market

Customers can make contactless payments by simply waving their cellphones across payment readers. Making a contactless payment is easier and more convenient in comparison to card payments. As, it is both faster and more secure than PIN technology since it instantaneously delivers encrypted data to the point-of-sale gadget.

Contactless payments are made possible by NFC and EMV technology, which uses radio frequency to allow a smartphone and wireless cards to connect with a payment reader when they are in close proximity. Contactless payments offered by Apple, Samsung, and Google are extremely safe since they are protected against fraud by numerous layers of protection.

Amid the COVID-19 pandemic, users are increasingly opting for contactless payments as notes and cards can spread the virus at the time of shopping. This is further boosting the adoption of contactless payments, which in turn is driving the market growth.

Security Challenges Posed by POS Systems Hindering the POS Terminal Market Growth

Point-of-Sale (PoS) data breaches by cyber criminals majorly attack to steal customers’ personally identifiable information (PII) such as credit card information, birth dates, government ID numbers, home addresses, medical records, phone numbers, financial information, email addresses, logins, passwords, and other personal information.

Prevention of sensitive and confidential information leak of consumers possess a huge challenge for POS systems, restraining the growth of market.

More Valuable Insights on POS Terminal Market

FMI’s report on the POS terminal industry research is segmented into four major sections – by component (POS terminal devices, POS software, (cloud-based, on-premises,) and services (consulting services, integration & implementation, and support & maintenance)), type (fixed POS and portable/mobile POS), application (restaurants, hospitality, healthcare, retail, warehouse/distribution, entertainment, and others), and region (North America, Europe, Asia Pacific, Middle East and Africa, and South America), to help readers understand and evaluate lucrative opportunities in the POS terminal demand outlook.

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POS Terminal Market by Category

By Component, POS Terminal Market Outlook is segmented as:

POS Terminal Devices
POS Software
- Cloud-based
- On-Premises
Services
- Consulting Services
- Integration & Implementation
- Support & Maintenance

By Type, POS Terminal Market Outlook is segmented as:

Fixed POS
Portable/Mobile POS

By Application, POS Terminal Market Outlook is segmented as:

Restaurants
Hospitality
Healthcare
Retail
Warehouse / Distribution
Entertainment
Others

By Region, POS Terminal Market is segmented as:

North America
Europe
Asia Pacific
Middle East and Africa
South America

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Project Management Software Market to Achieve A High CAGR Of 13.1% During Forecast Period 2022 to 2032

As per the project management software market examination by Future Market Experiences (FMI), the interest enlisted in the market will increment at a sound CAGR of 13.1% from 2022-2032.

The report expresses that the market is supposed to arrive at the valuation of ~US$ 5.9 Bn toward the finish of 2022. According to FMI, developing interest for project cooperation by huge ventures heighten the development of project management software market. Project management software helps project directors to get ongoing subtleties of projects, simplifying it for ventures to screen status of projects.

The project management software likewise assists associations with effectively working together with colleagues. Moreover, the software precisely helps in the portion of assets for a specific work, in this way bringing down the general expense.

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Ventures in North America are progressively utilizing progressed project management software to screen the advancement of any project. Subsequently, reception of project management software arrangements in the locale is reliably rising expanding. The project management software market is expected to have wonderful learning experiences for little and medium sized Ventures (SMEs).

Key Takeaways: Project Management Software Market

By solution, the project management software segment is anticipated to account for the leading share in the global demand for project management software during the forecast period. However, the services segment is estimated to grow at a robust CAGR of 10.9% through 2032.
By industry, the IT & Telecom segment is anticipated to increase at a CAGR of 14.7% between 2022 & 2032.
North America is expected to lead the market at a CAGR of around 9.5% through 2032 followed by Europe in 2022. South Asia and Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
The market in Japan is expected to progress at a CAGR of around 15.4% through 2032.
In India, sales are expected to increase at a CAGR of close 21.0% over the next ten years.

Budget Tracking Throughout Project Lifecycle to Drive Demand

The in-built budget tracking feature enables enterprises to automatically monitor project budget through the life cycle. The right project management software is one of the better way to prevent out of control spending and overrun costs.

Budget tracking feature enable users to know exactly where work stands and how much money and time has been spent, and supports users to precisely predict the cost and timeline for the whole project. Therefore, the benefit offered by the budget tracking feature in the project management software solution is driving the market demand.

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Cloud-first Approach Becoming the Standard in Project Management

Cloud-based project management software organizes the collaborating, monitoring, delivering, and planning of a project. It enables project managers and teams to get work done utilizing a network of tools obtainable within the software, rather than utilizing a traditional method.

The usage of project management software scales from business to business. But, in all, it is created to make deadlines and managing projects simpler and more effective. Online Cloud-based project management tools offer a centralized place for document sharing and communication which results in high productivity for every team member without any financial costs. All cloud-based project management software such as ProofHub is made with outstanding technologies and undergo various security measures. Thus, cloud-based project management software is reliable and secure.

Competitive Landscape

Project management software market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnerships with other companies to develop their own project management software to serve their customers and reduce the churn rate

In February 2022, Oracle announced its new product “workflow manager”, which help field service teams to deliver consistent and effective service with new workflow manager.
In January 2021, ProjectManager, a software company unveiled a redesigned mobile app to improve project and work management for hybrid teams.

More Valuable Insights on Project Management Software Market

Future Market Insight’s report on the project management software research is segmented into four major sections – solutions (project management software (cloud-based and on-premises) and services (managed services and professional services), enterprise size (Small and Mid-sized Enterprises (SMEs) and large enterprises), industry (building and construction, retail, hospitality, IT and Telecom, energy and utilities, manufacturing, governments, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the project management software outlook.

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Project Management Software Outlook by Category

By Solution, Project Management Software Market is segmented as:

Project Management Software
- Cloud-based
- On-premise
Services
- Professional Services
  - Consulting
  - Implementation & Integration
  - Support & Maintenance
- Managed Services

By Enterprise Size, Project Management Software Market is segmented as:

Large Enterprises
Small and Mid-sized Enterprises (SMEs)

By Industry, Project Management Software Market is segmented as:

Building and Construction
Retail
Hospitality
IT & Telecom
Energy and Utilities
Manufacturing
Government
Others

By Region, Project Management Software Sales is segmented as:

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

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Asia Pacific Nutraceuticals Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

High mortality rates, coupled with rising consumer awareness about health-conscious products are central to the growth of the Asia Pacific (APAC) nutraceuticals market. Heart diseases, diabetes, and cancer are among the top causes of mortalities in the US. Various government initiatives and non-profit organizations are running awareness programs about the importance of healthy diet regimen in fighting these diseases.

As a result of such collective efforts, food & beverage organizations are innovating new products based on specific nutritional value, and unique ingredients to generate additional revenues. Consequently, several pharmaceutical companies are partnering with food & beverage brands. Such developments in consumer trends and end-use industries are auguring well for nutraceuticals market.

Manufacturers to Launch New Flavors for Better Margins

Vitamin B2 or riboflavin stimulates cell growth and energy production in the human body. Consumers are actively looking for products that offer additional nutrients. Manufacturers are differentiating nutraceutical products based on such features.

Market players are navigating these uncharted waters of dynamic nutraceutical regulations and matching them with evolving consumer trends. For instance, legalization of hemp agriculture and cannabinoids in developed regions is triggering nutraceutical manufacturers to launch cannabis-based products as dietary supplements

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Players are banking on clinical research and development in cannabis-based nutraceuticals to strengthen the genuinity of cannabis as a beneficial ingredient. Cannabinoids continue to gain prominence in the medical community in APAC.

Furthermore, researchers, government officials, and representatives are partaking in several international events such as the Nutraceutical and Functional Food Asia Pacific Summit (NFAP). Such factors are further contributing to nutraceuticals market in APAC.

Increasing Consumption of Health-centric Products to Drive Sales of Nutraceuticals

Obesity, diabetes and skin-related diseases account for a significant chunk of consumer-related illnesses, primarily sue to lack of proper nutrition. Hence, nutraceuticals are beneficial in acting in bridging the nutrition gap by offering sufficient amount of required elements.

Several food & beverage giants in APAC are driving their attention towards these trends by launching fitness-related products. This, in turn, will influence nutraceutical manufacturers to invest in in marketing campaigns to reach a larger customer base. Furthermore, shifting preference for preventive care continues to propel the demand for nutraceuticals in APAC.

Asia Pacific Nutraceuticals Market: Region Wise Analysis

Increasing consumption of dietary supplements, especially among the millennials, is propelling the nutraceuticals market in APAC. Countries such as India, Singapore, Indonesia, and Malaysia are offering lucrative opportunities. Consumers are increasingly preferring for functional and nutraceutical products, as health consciousness takes over the conventional fast-food chain.

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Market players that identify local consumer preferences and market their products accordingly will emerge as revenue leaders in the coming years. Further, changing lifestyle in tandem with rising demand for nutritious consumables are driving the APAC nutraceuticals market.

Asia Pacific Nutraceuticals Market: Competitive Landscape

Manufacturers are increasingly investing in R&D of innovative nutrient mixes as well as are enhancing packaging and labelling to differentiate their products. Major players in nutraceuticals market are entering into strategic partnerships with local emerging players and installing manufacturing units in APAC. Key players in the APAC nutraceuticals market are, but not limited to,

Pfizer
Nature’s Answer USA
Cadilla Healthcare
Omvita. APS
Numico
Celestial Biolabs LtdMagnum.

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Chromatography Resin Market to Grow at CAGR of 2.74% through 2031

As per the FMI’s analysis, affinity chromatography resin sales are set to grow at over 11.3% CAGR, to surpass a valuation of approx. US$ 879.6 Mn by 2031-end.

However, stringent regulatory policies, availability of cost-effective alternatives, and high cost of the chromatography technologies are some of the factors limiting the market growth.

ESOMAR-certified consulting firm Future Market Insights’ report projects the global chromatography resin market to rise at an impressive pace between 2021 and 2031.

Growing adoption of affinity chromatography resin technology is expected to increase the demand of chromatography resins across the globe.

Alongside this, increase in demand for monoclonal antibody production will improve the sales over the coming years.

Demand for chromatography resins is rising extensively within the biopharmaceutical companies and research institutes.

Burgeoning adoption of synthetic chromatography resin for the separation of biosimilars and development of monoclonal antibodies will spur the growth.

Increasing funding by governments and initiatives undertaken to curb the mortality rate due to non-communicable diseases will spur the adoption of chromatography resins across the globe.

Also, increasing expenditure on the research & development of drug delivery among the industry giants will also boost the market demand.

According to the FMI’s analysis, the global chromatography resins market is anticipated to reach a valuation of nearly US$ 2215 Mn, registering a steady growth at 6.90% CAGR between 2021 and 2031.

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Key Takeaways from FMI’s Chromatography Resin Market Study

In terms of product type, synthetic chromatography resins are anticipated to witness higher growth compared to the native chromatography resins
Affinity chromatography resin technology is expected to lead the segment, exhibiting the growth at 11.3% CAGR
Biopharmaceutical companies will remain the largest end-users of chromatography resins across the globe, surpassing valuation of approx. US$ 900 Mn by 2031-end
Rising government initiatives to curb the non-communicable diseases across India will spur the market demand
The U.S. is expected to remain the largest market of chromatography resins throughout the forecast period
Germany and the U.K, collectively, will lead the Europe’s chromatography resin market owing to the rising prevalence of non-communicable disease
China is anticipated to emerge as a potential market on the back of rising adoption of advanced chromatography technologies within the region

Competitive Landscape

Agilent Technologies, Bio-Rad Laboratories Inc., GE Healthcare, Waters Corporation, Expedeon Ltd., Thermo Fisher Scientific Inc., Pall Corporation, Merck KGaA, PerkinElmer Inc., Kaneka Corporation, Shimadzu Corporation, Knauer GmbH, Tosoch Bioscience, Avantor Performance Materials Inc., Mitsubishi Chemical Corporation, W.R. Grace & Co., JSR Micro Inc., and Life Technology Corporation among others are some key players operating in the chromatography resin market.

As per the FMI’s analysis, the market is dominated by top 5 players in the global chromatography resin market, accounting for over 70% of market share.

Top 5 players include Bio-Rad Laboratories, Inc., GE Healthcare, Tosoh Corporation, Merck KGaA, and Thermo Fisher Scientific Inc.

Market players operating in chromatography resins market are also forming tie-ups and targeted mergers & collaboration with other top healthcare companies for the expansion of their product portfolios.

For instance, in February 2021, Repligen Corporation, a global life sciences company focused on bioprocessing technology leadership, and Navigo Proteins GmbH, a prominent protein engineering company specializing in novel affinity ligand development, announced the commercial launch of NGL COVID-19 Spike Protein Affinity Resin, a novel affinity resin used in the purification of COVID-19 vaccines.

On February 4^th, 2021 Avitide, another leading player, finalized the development of an affinity bioprocess resin, AVIPure-COV2S, for the purification of recombinant COVID-19 vaccines.

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Chromatography Resin Market by Category

By Product Type:

Native
Synthetic

By Technology Type:

Affinity Chromatography
Anion Exchange Chromatography
Cation Exchange Chromatography
Size Exclusion
Hydrophobic Interaction

By End User Type:

Biopharmaceutical Companies
Clinical Research Organizations
Academic Institutes

By Region:

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

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Digital X-Ray Equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032 | FMI

Digital X-Ray Equipment Market Overview:

Digital X-ray equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032.

Advances in technology, efforts to improve healthcare facilities, and an ageing population are all driving demand the demand for digital X-ray equipment.

Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their digital X-ray equipment market share, scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are also instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

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This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments in order to advance technological advancements in the sector.

What Factors are Influencing the Digital X-Ray Equipment Market?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital x-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with the digital X-ray radiations for the living tissues.

The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, rise in ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to large number of improved digital x-ray equipment launches where key players are focusing on rising their digital X-ray equipment market share.

Moreover, digital x-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

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The adoption of digital X-ray is expected to broaden thereby spiking the sales of digital X-ray equipment as digital x-ray equipment is based on transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Digital X-Ray Equipment Market?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-up, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

In this regard, many ongoing research and development programmes have aided various companies to acquire a large digital X-ray equipment market share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

Which Region Reigns the Digital X-Ray Equipment Market?

Depending on geographic regions, global digital X-ray equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Asia Pacific digital X-ray equipment market is expected to grow at a remarkable CAGR owing to the improving healthcare facilities and infrastructure.

Also, the expanding middle class population in the region is expected to add significant fuel to the sales of digital X-ray equipment.

Moreover, the countries of New Zealand, Australia, India, China, and Japan have ample potential and availability of advanced diagnostics and therapeutics which contribute to the sales of digital X-ray equipment globally.

The APAC region also contributes favourably to the global medical tourism and further to the global digital X-ray equipment market.

Who are the Key Players Involved in the Digital X-Ray Equipment Market?

Some of the key players in digital X-ray equipment market are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.

Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems, and China Resources Holding Medical Equipment Company Limited are some other major digital X-ray equipment market players.

The competition in digital X-ray equipment market is primarily based on technological advances in digital x-ray equipment and the pricing of the digital x-ray equipment.

The demand for digital X-ray equipment is largely driven by technological advancements and the cost of digital X-ray equipment.

In addition, to secure a major digital X-ray equipment market share globally, the key players have engaged in various strategic alliances such as acquisitions, collaborations, and the launch of advanced products.

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Scope Of Report

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD Million, 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

Application, Technology, 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

Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.

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:

Applications:

Orthopaedic
Cancer
Dental
Cardiovascular
Other Applications

By Technology:

Computed Radiography
Direct Radiography
By Portability:
Fixed Systems
Portable Systems

By End User:

Hospitals
Diagnostic Centres
Other End Users

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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Skin Perfusion Pressure Testing Devices Market – Global Revenue Growth Expectations in the Near Future 2020-2030

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for skin perfusion pressure testing devices. The report skin perfusion pressure testing devices market tracks the global sales of skin perfusion pressure testing devices in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the medical device industry in general, and skin perfusion pressure testing devices in particular.

The rising prevalence of peripheral artery disease and the increasing incidence of chronic limb ischemia has necessitated innovation in skin perfusion pressure testing devices. Chronic limb ischemia is the most advanced form of peripheral artery disease, and leads to mortality, morbidity, and high healthcare resource utilization. The assessment for wound healing in limb ischemia requires the skin perfusion pressure method for checking blood flow pressure in the limbs.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for skin perfusion pressure testing devices. The report skin perfusion pressure testing devices market tracks the global sales of skin perfusion pressure testing devices in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the medical device industry in general, and skin perfusion pressure testing devices in particular.

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How Can Historic and Future Outlook for Skin Perfusion Pressure Testing Devices Market Be Compared?

Peripheral artery disease (PAD) is a progressive disorder affecting more than 200 million people, worldwide. It has a significant impact on mortality in hemodialysis patients. Approximately 6.5 million people aged 40 years and older in the United States have PAD. The increasing PAD population has propelled the growth of the skin perfusion pressure testing market.

According to FMI’s analysis, skin perfusion pressure testing devices sales have grown at 5.3% CAGR between 2015 and 2019.

Skin perfusion pressure has become a potential tool for wound healing in patients with chronic limb ischemia. Compared to other non-invasive methods such as toe blood pressure and ankle-brachial index, skin perfusion pressure provides more accurate results, thus, its usage is gaining popularity among physicians.

This technique also remains a clinically relevant and objective tool of local perfusion in the setting of chronic limb ischemia, particularly among higher-risk patients with arterial calicifications and comorbidities that tend to microvascular disease. FMI expects global skin perfusion pressure testing devices market to grow at 4.5% CAGR through 2030.

How is Shift to Non-invasive Procedures Affecting Skin Perfusion Pressure Testing Devices Sales?

Non-invasive procedures have continued to grow in popularity as compared to surgeries. The measurement of skin perfusion pressure by a laser doppler is a non-invasive method that is widely used by professionals. Due to high reproducibility, accuracy, specificity, and sensitivity, skin perfusion pressure testing has become one of the soundest methods.

For instance, non-invasive VMS-VASC system (Moor) Instruments), including the laser Doppler monitor moorVMS-LDF, low profile fibre optic probe (VP-SPP), and pressure cuff controller moorVMS-PRES have been specifically designed to aid micro vascular assessments in a variety of clinical applications and physiological research.

What is the Commercial Potential for Laser Doppler Skin Perfusion Pressure Testing Devices?

Laser dopplers have proven to be effective devices for the measurement of skin perfusion pressure. Laser dopplers are among the regularly utilized gadgets for the appraisal of skin perfusion pressure, they are seen as the ideal instrument for the location of peripheral artery disease as well as diagnosis of wound healing potential in limb ischemia patients.

Furthermore, the accuracy in a laser doppler is much higher than any other traditional method. The high accuracy, simplicity of operability and non-invasiveness feature of the devices are likely to fuel the utilization of laser dopplers by the physicians, boosting the demand of the skin perfusion testing devices.

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What is the Impact of FDA Regulatory Approvals on Global Sales?

Due to an increase in the need for assessment of wound healing in peripheral artery disease and limb ischemia, many manufacturers are seeking 510(k) Premarket Notification to FDA which demonstrates the device to be safe and effective as equivalent to a legally-marketed device

For example, Perimed Inc. seeks 510(k) Premarket Notification for PeriFlux System 5000, which is a laser doppler system consisting of main units and functional units

However, according to FDA Modernization Act, devices that fall under class I and II are exempted from premarket approval, thus, the time required for regulatory approval is reduced, which brings down the costs. The increasing FDA approvals attracts the end users, and this expected to boost the demand for skin perfusion pressure testing devices.

How is Lack of Skilled Professionals Restraining Growth?

Skin pressure perfusion is the most advanced method for the assessment of wound healing in limb ischemia and peripheral artery diseases. This method requires highly trained or skilled professionals to operate the device. Since it is fully-automated and provides quantitative evaluation of microcirculation, its operability requires skilled people, which as a result may limit the use of skin perfusion pressure testing devices.

Thus, reliability and reproducible measurement is highly dependent on a skilled technician or operator who interprets the results of skin perfusion pressure measurement. Lack of skilled professionals therefore can create significant challenges for the market.

Country-wise Insights

How Big is the Opportunity in the U.S.?

The healthcare system of the U.S. is well renowned for its advanced infrastructure and expenditure. The care regime of the care centers and hospitals are monitored by various regulatory rules and insurance policies. The massive hospital bills incurred other than the Medicare have been influencing the market in the country.

Government and regulatory bodies of the U.S. are adopting several cost-containment plans to reduce their healthcare burden. The shift from a volume to a value-based system is majorly driven by the various measures undertaken by providers, governments, biotechnology companies, and insurance payers. Some of the measures are outcome-based profits, pricing, risk sharing, competitive tendering, and price control.

A value-based healthcare system will not only provide improved outcomes through integrated care pathways, but also levy pricing pressure on medical device companies, and this is likely to impact investments on the R&D of advanced medical treatment technologies.

Furthermore, due to the higher prevalence of critical limb ischemia and peripheral arterial disease in U.S., several manufactures are conducting campaigns to raise general awareness among people related to these diseases. This is likely to support the overall market growth in the country. For example, Amputee Coalition of America (NGO) launched a campaign in April 2018 to raise limb loss awareness among people.

Why Innovation is Key to Success in German Medical Device Market?

The Federal Statistical Office has reported that healthcare spending in Germany rose by 4% in 2018 from 2017. In 2018, the country’s healthcare spending accounted for 11.7% of the GDP. Furthermore, health expenditure was expected to surge to 407.4 billion Euros by 2019, presenting a lucrative landscape for the expansion of the skin perfusion pressure testing devices.

Also presence of companies such as ELCAT GmbH is supporting the expansion in Germany. The company has been investing significantly in expansion efforts. Growth strategies adopted by these companies are expected to aid the expansion in Germany.

Since 2009, health insurance has been made mandatory for all citizens of the country. According to National Center for Biotechnology Information (NCBI), a total of 70 million people, which roughly covers 85% of the population are covered by statutory health insurance. Another 11% population of Germany is covered by substitutive private health insurance. Conducive reimbursement policies and regulatory scenario are presenting attractive opportunities for growth.

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How is Rising Disposable Income in China Affecting Growth?

Increasing disposable income can have significant impact in development of economy in emerging countries which results in affordability of proper healthcare treatment. China’s per capita disposable income reached (about 4,961 U.S. dollars) in 2020, more than double the level in 2010.

Potential for high healthcare insurance and rising disposable income will contribute to increase in affordability of healthcare services. This will also allow improved accessibility to expensive equipment for treatment of diseases. The market in China is expected to witness significant growth at a CAGR of around 5.4%.

How Can Players Boost Skin Perfusion Pressure Testing Devices Sales in South Africa?

Both chronic limb ischemia and peripheral artery disease impose serious threats to the population. Lack of awareness of diseases and lack of proper treatment leads to high prevalence of these diseases. Due to limited campaigning about the assessment of these diseases, there seems to occur less usage of these devices in hospitals in South Africa.

Moreover, poor healthcare facilities in some countries restrain the growth of the skin perfusion pressure testing market. Despite financial burden, government in South Africa is adopting various initiatives to spread create awareness among population, which is expected to enable steady growth in the market.

The market in South Africa is expected to witness sluggish growth at a CAGR of just around 3.8%.

Category-wise Insights

How Has Laser Doppler Skin Perfusion Testing Devices Emerged Dominant?

Laser dopplers are widely used for skin perfusion pressure testing. Due to easy operability and noninvasiveness, most physicians opt for laser dopplers. Since laser dopplers are costly, manufacturers provide reimbursements for such devices.

However, the use of laser dopplers is not only limited to the measurement of skin perfusion pressure. These can be used in a wide range of testing parameters such as toe blood pressure (TBP), post occlusive reactive hyperaemia (PORH), ankle brachial pressure index (ABPI), and others.

For example, Moor Instrument’s new moorVMS-VASC 2.0 monitoring system is designed to test pulse volume recording (PVR) and other parameters apart from skin perfusion pressure.

What’s the Market Share of Portable Devices?

The portable devices segment will continue to grow and dominate the market during the forecast period. According to FMI, the segment is expected to hold around 73% of the market share, in terms of modality, by the end of 2030. A portable device is a wearable or hand-held device. This is designed for easy usage, to be able to move or carry it from one place to another, thus its ease of operability, makes the device most widely adopted devices in the market.

Why are Hospitals Considered Leading End Users?

Hospitals have been dominating the market as key end users because it receives higher footfall of patients. Besides this, hospitals have more advanced infrastructure to support advance equipment. Backed by these factors, FMI forecasts hospitals to continue dominating the market and account for 34.7% of the overall share in 2021.

Competitive Landscape

Most of the medical device companies are currently focusing on designing laser doppler since it has gain much popularity in assessment of wound healing.

For example, Moor Instruments has design moorVMS-VASC 2.0 laser doppler system.

Moreover, the manufactures are focusing on getting stamp of approvals for their product and also entering into partnership and collaboration agreement to expand their product portfolio in different countries globally.

For instance, in April 2016, Perimed AB announced FDA approval for PeriFlux 6000.

Some of the leading companies operating in the market are:

Vasamed Incorporated
Moor Instruments
Perimed AB
ELCAT GmbH
ATYS Medical
Viasonix
Promed Group

Scope of the Report
Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key Segments Covered

Product Type, Modality, End User, and Region

Key Companies Profiled

Vasamed Incorporated
Moor Instruments
Perimed AB
ELCAT GmbH
ATYS Medical
Viasonix
Promed Group

Report Coverage

Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Skin Perfusion Pressure Testing Devices Market by Category

Product

Laser Doppler Skin Perfusion Pressure Testing Devices
Photoplethysmography Skin Perfusion Pressure Testing Devices
Consumables
- Pressure Cuff Controller
- Fibre Optic Probe

Modality

Portable Devices
Cart-based Devices

End User

Hospitals
Ambulatory Surgical Centers
Wound Care Centers
Vascular Laboratories

Region

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

About FMI:

Brightness Enhancement Films Market is Likely to Record a Strong CAGR of 7% During The Forecast Period

The brightness enhancement films market is projected to reach a valuation of US$ 9.9 Billion in 2022, likely to surge at a vigorous 7.0% CAGR from 2022 – 2032.

Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global brightness enhancement films Market over the Assessment Period 2022-2032.

A detailed study on brightness enhancement films market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global brightness enhancement films market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales brightness enhancement films in the coming 10-years

Sales of brightness enhancement films have risen due to their applications in the manufacturing of flat control displays in smartphones, TVs, laptops, desktop monitors and aerospace & automotive display panels.

Owing to an increased focus towards on-axis viewer over its counterparts such as ultra-thin displays in the market are also projected to contribute to the growth of the brightness enhancement films market share.

The report sheds light on the factors improving the sales of brightness enhancement films, and, in turn, the opportunities for market players. However, the brightness enhancement films market also faces some challenges, which might limit the brightness enhancement films market share from reaching its potential.

Some of the key brightness enhancement films market trends promoting the demand for brightness enhancement films includes the collaborating with the consumer electronics product manufacturers to expand their footprint across the globe.

Key brightness enhancement films Market Takeaways and Projections

The U.S. is expected to lead the North America brightness enhancement films market, projecting the fastest growth in the region between 2022 and 2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of brightness enhancement films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global brightness enhancement films market. Some of the prominent market players are 3M company, Mitsubhi Rayon Co. Ltd., Fusion Optix, Nitto Denko Corp, SABIC, DuPONT.

Frequently Asked Questions

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About Us
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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Safety Labels Market Size is Anticipated to Reach Us$ 5.2 Billion in 2022 And Us$ 8.3 Billion in 2032

The safety labels market is anticipated to increase at a high CAGR of 2.1% 2022 – 2032, reaching a value of US$ 8.3 Bn by 2032.

Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Safety Labels Market over the Assessment Period 2022-2032

A detailed study on Safety Labels market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global safety labels market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales safety labels in the coming 10-years.

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Safety labels are considered to be very crucial for preventing injuries and saving lives. These are mainly made up of adhesive-backed vinyl material for applying directly to a surface.

These are frequently used in every industry to convey instruction or identification. The adhesive can be easily peeled off for application on the surface.

These are extensively used for identifying material and tools, product packaging, and inventory labeling in an office or a warehouse. In factories, these are used on equipment to provide warnings or instructions associated with machine guarding or tag out.

These are usually made with high-quality vinyl and thus they are highly durable. These labels remain intact in a wide variety of environments without peeling or fading away from chemicals, moisture, or UV light.

Key Safety Labels Market Takeaways and Projections

The U.S. is expected to lead the North America Safety Labels market, projecting the fastest growth in the region between 2022 and 2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of safety labels market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global Safety Labels market. Some of the prominent market players are Clabro Label Inc., Avery Dennison Corporation, Multi-color Corporation, Tapp Label Company, LLC, 3M Company, Printpack, Inc., Maverick Label, Inc., Advanced Labels Limited, Mercian Labels Ltd., and Brady Corporation among others.

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Key Segments Profiled in the Safety Labels Industry Survey

Cover Type:

Chemical Labels
Hazardous Labels
Electrical Labels
Custom Labels
Others

By Type:

Permanent Safety Labels
Temporary Safety Labels

By End Use:

Tobacco Industry
Electrical and Electronics Industry
Chemical Industry
Food and Beverage Industry
Pharmaceutical Industry

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

Wrap Around Cartoners Market is Projected to Secure a Slow-Paced CAGR of 2.9% During The Forecast Period

The wrap around cartoners market is forecasted to register a 2.9 % CAGR during the forecast period & projected to reach US$ 887.3 Million by 2032.

Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Wrap Around Cartoners Market over the Assessment Period 2022-2032.

A detailed study on Wrap Around Cartoners market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global wrap around cartoners market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales wrap around cartoners in the coming 10-years.

The wrap around cartoners is being largely used for wrap around packaging as it minimizes the manpower and increases the level of productivity of the manufacturing facility. These machines are significantly improving the production flow and cost-effectiveness of the production unit with wrap around case packers, which is resulting in shorter lead time and higher levels of productivity.

Therefore, it is anticipated that the wrap around cartoners market is likely to have substantial growth during the forecast period.

Key Wrap Around Cartoners Market Takeaways and Projections

The U.S. is expected to lead the North America Wrap Around Cartoners market, projecting the fastest growth in the region between 2022 and 2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of wrap around cartoners market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global Wrap Around Cartoners market. Some of the prominent market players are Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co. Ltd., Tetra Pak International S.A., Marchesini Group, OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning Inc., Pakona Engineers Pvt Ltd., Korber Medipak Sysems North America Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., ADCO Manufacturing.

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Key Segments in the Wrap Around Cartoners Market

By Capacity:

Upto 70 CPM
70 to 150 CPM
150 to 400 CPM
Above 400 CPM

By Orientation:

Horizontal
Vertical

By Region:

North America
Latin America
Asia Pacific
MEA
Europe