Smart Locks Market is expected to grow at a CAGR of 18% by 2030 | FMI

The smart locks Market is expected to grow at a CAGR of 18% from 2020 to 2030, when it is expected to be worth US$ 14.9 billion.,Currently valued at US$ 2.3 billion.
Residential owners’ attraction to not having to carry around mechanical keys is predicted to result in a spike in smart lock sales.

The demand for smart locks is increasing globally due to the advantages of smart home architecture, including seamless connectivity, voice control, and remote access.

Examples of communication technologies driving demand for smart locks include Wi-Fi, Z-Wave, ZigBee, Thread, and Propriety. All of these technologies are occasionally merged into a single device.

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The overall sales of smart locks in these areas have been assisted by elements like the capacity to monitor the security of the premises and secure and simple control of numerous entry points through remote access.

The same capability is encouraging several stakeholders to invest sizeable money, which in turn is increasing the market share for smart locks.

The need for smart locks grows as more hotels decide to upgrade the security of their buildings by replacing RFID locks that can be opened with IC cards with Bluetooth or Wi-Fi locks.
The new smart lock, which is targeted at enterprises and office spaces, has a lot of potential for growth and as many consumers as possible, therefore sales of smart locks are expected to increase.

Due to the necessity for greater safety, management has been forced to streamline the process for authorised users to unlock doors, which has accelerated sales of smart locks.

A new biometric smart lock from U-tec, for instance, is anticipated to be released and is intended exclusively for use in office doors, which would probably increase demand for smart locks.
Another significant factor believed to be boosting the sales of smart locks is the Internet of Things (IoT), which is the networking of smart electronic devices or things to exchange data signals without the need for human involvement.

What Causes Fluctuations in the Smart Locks Market?

The market for smart locks is currently anticipated to be largest in North America.
A favourable regulatory framework has been created for the sales of smart locks as a result of the region’s high consumer buying power and growing security concerns, particularly in critical infrastructure and residential applications.

Sales of smart locks are also anticipated to increase as a result of the leading players’ growth into new markets, particularly in European nations, and the techniques they’ve implemented to increase their market shares.

The Asia-Pacific region, particularly in nations like India, China, and Japan, is predicted to experience the smart locks market’s highest growth.

A rise in residential and commercial construction projects as well as ongoing smart city initiatives in developing nations like India are to blame for the huge increase in demand for smart locks in the Asia-Pacific region.

Additionally, the region’s adoption of smart homes has grown dramatically, and this is helping to improve awareness of cutting-edge devices and technologies in the Asia-Pacific smart locks market.
Due to a slowing global economy in these areas, it is expected that the market for smart locks would grow steadily in other parts of the world.

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Who are the Major Players in the Smart Locks Market?

  • Among many others, AT&T Intellectual Property, Comcast, Lowe’s Companies, Inc., Staples, Inc., UniKey Technologies, Inc., Yale Real Living, MIWA Lock Co., and HAVEN are some of the companies that compete in the global market for smart locks.
  • The market for smart locks is consolidated since it is still in its early stages, with few adoptions occurring globally and businesses competing to gain market share.
  • The market for smart locks provides smart lock providers with a number of growth prospects due to the rising need for home and building security.
  • As a result, industry participants in smart locks are continuously coming up with new items to offer in order to capture the largest possible share of the smart locks market.

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  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

To be Continue…!

reach a valuation of US$ 14.9 Bn by 2030.

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Restaurant Takeout Market is Expected to Reach US$ 4,024.9 bn in 2032 from US$ 2,199.4 Billion in 2022 | FMI

The restaurant takeout market is expected to reach US$ 4,024.9 billion in 2032 from US$ 2,199.4 Billion in 2022, with a CAGR of 8.3% from 2022 to 2032.

The global impact of the Covid-19 pandemic may have accelerated restaurant takeout market growth, but what made it possible has been the recent proliferation of delivery models and fleet types: delivery from the store, curbside pickup, delivery from robotic warehouses, and so on.

With all restaurant takeout market opportunity comes a lot of competition, so restaurants, grocers, and other food providers must stay on top of what’s going on in the restaurant takeout market.

Increased urbanisation, increased internet usage worldwide, expansion of fast-food chains, and increased household restaurant takeout expenditure have all contributed to the restaurant takeout market growth along with restaurant takeout market key trends and opportunities.

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Emerging multicultural populations, increased use of online media, online market place convenience, and restaurant takeout market consolidation are some of the restaurant takeout market adoption trends and restaurant takeout market future trends.

Barriers to entry into the restaurant takeout market are due to high logistical complexities, as well as the time-consuming development and implementation of systems that accept orders online, which are among the major challenges in the restaurant takeout market and restaurant takeout market key trends and opportunities.

For newcomers to the restaurant takeout market, getting things up and running can be very costly and time-consuming, which influences the emerging trends in the restaurant takeout market.

Key Takeaways:

  • Europe has a restaurant takeout market share of 19.7% in the restaurant takeout market.
  • The independent foodservice segment of the restaurant takeout market has the largest market share of 62.5% in the business type category through 2032.
  • East Asia has a restaurant takeout market share of 31.2% in the restaurant takeout market.
  • The platform-to-consumer segment of the restaurant takeout market is expected to outperform the purchase model category through 2032.
  • North America has a restaurant takeout market share of 23.3% in the restaurant takeout market.
  • Latin America has a restaurant takeout market share of 8.9% in the restaurant takeout market.
  • The restaurant takeout market is dominated by South Asia, with a share of 11.3%.

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Competitive Landscape:

New market research report on restaurant takeout shows that the legacy players in the restaurant takeout market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the restaurant takeout market key trends & opportunities.

The restaurant takeout market is dominated by Denny’s, Bob Evans, Biscuitville, Another Broken Egg Café, The Original Pancake House, First Watch, Village Inn, Huddle House, Perkins, Manchu Wok, HuHot Mongolian Grill, Mama Fu’s, Panda Express, Spaghetti Warehouse, Fazoli’s,appadeaux Seafood Kitchen.

Recent Development in the Restaurant Takeout Market:

  • In partnership with Beyond Meat, KFC (Yum! Brands, Inc.) became the first national U.S. quick service restaurant to test plant-based chicken in 2019. In collaboration with Beyond Meat, KFC introduced “Beyond Fried Chicken,” a plant-based chicken that debuted in a limited test series.
  • In 2019, Dubai retailer Marka announced the opening of its first Deli Kitchen Restaurant in Dubai’s Design District, with the goal of providing free delivery to the Design District’s offices via WhatsApp ordering.
  • Google announced in July 2020 that it had begun testing food delivery services in India, allowing customers to place orders directly through Google’s search engine. Dunzo, a third-party platform in the process of upgrading its systems, is expected to deliver. The feature is already available in the United States at orderfood.google.com, and users can use voice assistants to place orders.

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Key Segments

By Meal Type:

  • Breakfast
  • Brunch
  • Lunch
  • High Tea
  • Dinner

By Nature:

  • Vegetarian
  • Non Vegetarian
  • Vegan

By Payment Type:

  • Cash
  • Debit Cards
  • Credit Cards
  • Digital Wallets
  • Electronic Bank Transfers

By Business Type:

  • Chained Foodservice
  • Independent Foodservice

By Purchase Model:

  • Direct-To-Consumer
  • Platform-To-Consumer

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa
  • Emerging Countries

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Induction Hob Market is expected is likely to Secure Around US$ 44 Mn during the Forecast Period from 2022 to 2032 | FMI

The global induction hob market is expected to garner a market value of US$ 19 Million in 2022 and is expected to record a CAGR of 9% during the forecast period from 2022 to 2032. The market is likely to secure around US$ 44 Million by 2032.

Long-term agreements with public and private firms are anticipated to support the growth of company revenues, and industry innovation will make it possible for providers of social employee identification systems to connect with new prospective clients in developing markets. These elements are anticipated to contribute to the global market for social employee recognition systems seeing phenomenal growth over the following few years.

The Future Market Insights research team is concentrating on market research and forecasting to create various Induction Hob Market projections and predictions at both the national and international levels. To analyse and generate trustworthy and enlightening insights on the Induction Hob Market, they took into account a number of bits of information relevant to the business, such as market data and merger estimations.

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Key Players

Global Induction Hob Market key vendors include :

  • Toshiba
  • Haier
  • Gree Electric Appliances
  • SMEG
  • Whirlpool
  • Mitsubishi Electric
  • Daikin Industries

Segmentation

The Induction Hob market is segmented into application, form, end use industry, source and geography.

On the basis of types, the global Induction Hob Market has been segmented as –

  • Free standing & portable cooktops
  • Built-in cooktops

On the basis of application, the global Induction Hob Market has been segmented as –

  • Household
  • Commercial

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On the basis of the distribution channel, the global Induction Hob Market has been segmented as –

  • Direct
  • Indirect

Regional Segments Analyzed Include

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

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

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Reasons to Buy the report

  • We offer accurate and thorough research of numerous industry trends so that companies may make wise choices and get an advantage over other companies.
  • Our experts offer comprehensive research, insightful analysis, and deep market segmentation that other businesses are unable to match.
  • The market and the most recent trends that are influencing growth are accurately analysed in the research. FMI addresses a wide range of stakeholders, including C-level executives, distributors, product makers, and industry professionals.
  • This guarantees that the information gathered comes from very dependable sources.

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Veterinary Imaging Market – Business Opportunities and Global Forecast to 2030

Global veterinary imaging market revenues will reach US$ 3.37 Bn by 2030, according to a study by Future Market Insights (FMI). The research study analyzes veterinary imaging market growth through 2030, in over 20+ countries. The study also offers incisive insights on key strategies of some of the leading players in the market.

Veterinary Imaging Market Size (2022) US$ 2.02 Bn
Sales Forecast (2030) US$ 3.37 Bn
Global Market Growth Rate (2022 to 2030) 6.6% CAGR
North America Region USD Share 46.1%

According to the study, veterinary diagnostics market is witnessing investments, as pet humanization trend gains traction. Growing focus and government mandates on maintaining animal health is also likely to provide a boost to market growth.

The growth of the animal and pet care category as a whole will also spur growth. According to estimates from NAPHIA, the spending on pet food, pet insurance, and pet therapeutics have witnessed an increase in the recent past. The pet food category has in fact grown despite the Covid-19 crisis.

The broader gains in this market are likely to rub off on veterinary imaging market as well during the assessment period.

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List of Key Players Covered in Veterinary Imaging market are:

  • Esaote
  • IDEXX Laboratories, Inc.
  • IMV Technologies group
  • Carestream Health
  • Hallmarq Veterinary Imaging Ltd.
  • MinXray, Inc.
  • Universal Medical Systems, Inc.
  • Agfa- Gevaert N.V.
  • Mindray Medical International Ltd.
  • GE Healthcare
  • Siemens AG

The key market players are emphasizing on creating awareness about veterinary imaging devices to enter the untapped markets. For instance – in Oct 2018, GE Healthcare announced having inked a strategic agreement with SonoSim for encouraging training regarding ultrasound services.

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Key Takeaways

  • Animal healthcare being a costly affair, people are shifting their gears to pet insurance
  • The veterinary imaging market is driven by an ever-increasing number of veterinarians adopting imaging devices with reagents associated with them, which include PET, MRI, X-Ray radiology devices, and CT scanners
  • Multi-slice CT scan systems expected to drive the market in the forecast period
  • Asia-Pacific is slowly picking up with people turning the tide in favour of pet care
  • Adoption of magnetic resonance imaging (MRI) systems continue to grow at a steady pace

Regional Insights

As per the American Pet Products Association, more than 44% of households owned dogs and 35% owned cats in the U.S. This number is expected to witness an upswing over the forecast period.

The market in China is expected to witness a considerable expansion, due to the rising awareness of veterinary imaging and the growing popularity of companion animals. The rising preference for innovative veterinary imaging systems will spur the market demand.

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Veterinary Imaging Market by Region:

  • North America Veterinary Imaging Market
  • Latin America Veterinary Imaging Market
  • Europe Veterinary Imaging Market
  • East Asia Veterinary Imaging Market
  • South Asia & Pacific Veterinary Imaging Market
  • Middle East & Africa (MEA) Veterinary Imaging Market

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Anatomic Pathology Market: Drivers and Challenges

The global anatomic pathology market is set to reach US$ 61.1 Mn in revenues by 2030, according to a new market study by ESOMAR-certified market research firm, Future Market Insights (FMI).

Anatomic Pathology Market Size (2022) US$ 32.5 Mn
Anatomic Pathology Market Revenue Forecast (2030) US$ 61.1 Mn
Anatomic Pathology Market Growth Rate (2022-2030) 8.2% CAGR
North America Market Share 37.1%

The anatomic pathology market is subject to integrating medical informatics standards to meet specific healthcare requirements by curtailing costs and improvising on efficiency.

Pathology laboratories are on the verge of refurbishment as new-fangled disease diagnostic models are making a beeline therein.

As of now, lymphoma, breast cancer, colorectal cancer, prostate cancer, cervical cancer, and lung cancer are a part of anatomic pathology.

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Key Takeaways

  • The instruments are subject to technological advancements, which would minimize errors. This factor is expected to drive the anatomic pathology market between 2022 and 2030
  • Consumables are expected to hold the largest market share due to low cost, high availability, and good purchase rate of probes and reagents
  • Academic research is bound to pick up pace in the forecast period owing to growing implementation of anatomic pathology in biomarker profiling and tumor examination
  • Preference to personalized therapies is prompting putative biomarkers being discovered. This factor is expected to be one of the key growth drivers

Key Participant Insights

The key market players are focusing on technological upgradations and expansion strategies to keep themselves fiercely competitive.

For instance –

  • In Jul 2020, Bio SB tabled its Fast Mohs PolyDetector Plus Detection System, which comes across as a super sensitive nonbiotin monovalent Fab micropolymer immunohistochemistry system to detect IVD antibodies for squamous cell carcinoma, basal cell carcinoma, and melanoma.
  • In Jan 2019, Quest Diagnostics announced completion of acquisition of the US laboratory services business that belonged to Oxford Immunotec (the T-Spot and Accutix tick-borne disease testing services, since then, are part of Quest’s infectious disease testing services.
  • In 2018, Leica Microsystems entered into a collaboration with Thermo Fisher to develop an integrated cryotomography workflow with regards to research.

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The other players in the veterinary imaging market include

  • Laboratory Corporation of America Holdings
  • Sakura Finetek USA, Inc.
  • F.Hoffmann-La Roche AG
  • Cardinal Health, Inc.
  • BioGenex
  • NeoGenomics
  • Agilent Technologies

The US continues to be one of the leading markets for anatomic pathology market globally. Strong presence of some of the leading players, combined with relatively easier funding for R&D will drive the US anatomic pathology market during the assessment period.

The Europe anatomic pathology market is also likely to grow at a brisk pace during the assessment period. The growth will remain concentrated in Western Europe, as has been the case traditionally.

Asia Pacific represents a high growth market for anatomic pathology stakeholders. Many countries in the region are renewing their focus on healthcare, as the current Covid-19 crisis has reinforced the necessity of a robust healthcare system.

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Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global anatomic pathology market is segmented in detail to cover every aspect and present a complete market intelligence approach to the reader.

The study provides compelling insights on anatomic pathology market on the basis of product & services type (Instruments (Microtomes & Cryostat, Tissue processors, Automatic Stainers, and Other products), consumables (Reagents & Antibodies, Probes & Kits, and Others), application (Disease Diagnosis, Drug Discovery and Development, and Others), and services (histopathology, cytopathology)) across seven geographies.

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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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Guidewires Market Industry Overview Research Report

According to FMI, the worldwide guidewires market is anticipated to reach US$ 3.3 billion in 2020 and is anticipated to grow significantly over 6.0% between 2020 and 2030. According to a recent analysis by consulting company Future Market Insights, the market for guidewires is expected to reach US $6.0 Bn by 2030. The manufacture of guidewires has increased recently as a result of the increased end-user demand for treating various ailments. Interventional radiology approaches for image-guided illness detection and treatment have become more widely used as a result of developments in guidewire tip technologies. Patient recovery results have been markedly improved by interventional radiology. This is due to the procedure’s lower risk, shorter recovery period, and less pain compared to open surgery. Vascular, gastrointestinal, hepatobiliary, and pulmonary interventions can all benefit greatly from interventional radiology.

Data Points Market Insights
Market Value 2021 US$ 3.5 Bn
Market Value 2022 US$ 3.7 Bn
Market Value 2030 US$ 5.9 Bn
CAGR 2022-2030 6.1%
Market Share of Top 5 Countries 59.7%
Key Market Players Boston Scientific Corporation, Terumo Corporation, Cardinal Health Inc., Cook Medical Inc., Johnson & Johnson, Medtronic PLC, Teleflex Corporation, Stryker Corporation, B. Braun Melsungen AG, Abbott Laboratories, Olympus Corporation, Merit Medical Inc. and Becton, Dickinson and Company

As the incidences of non-communicable diseases (NCDs) such as cancer, diabetes and chronic respiratory diseases continue to increase, healthcare providers are making concerted efforts to reduce their prevalence by providing sophisticated medical care. Therefore, adoption of technologically enhanced guidewires has acquired immense importance.

Over the years, minimally invasive surgeries have become highly popular, due to the need to reduce trauma. On the back of this, guidewires adoption has boomed. Guidewire engineering has transitioned towards advanced lesions such as chronic total occlusions (CTO) which are more adept at improving cardiac anomalies by improving ischemia and improve left ventricular function. Therefore, market players are introducing innovative products to cater to CTO lesions.

A minor blip is anticipated for the guidewires market from the coronavirus pandemic. Due to the imposition of lockdowns, many manufacturers are operating at reduced capacities, limiting daily output of guidewires. This has generated a significant disequilibrium in the demand-supply dynamics. This mismatch is anticipated to prevail until the last quarter of 2020 until production resumes at full capacity.

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Key Takeaways from the Guidewires Market Study:

  • The global guidewires market shall expand at a rate of 6.0% in 2020, driven by increased adoption of guidewires for minimally invasive coronary heart diseases
  • By application, coronary and peripheral guidewires shall collectively capture over 60% of the market share during the forecast period
  • Stainless steel guidewires are the most extensively used due to their high ductility, support and torque, making it the highest revenue generator by material type
  • North America remains the most lucrative guidewires market, generating nearly 2/5th of the total revenue in the market

Hand Sanitizer Market: Key Trends

  • According to the World Health Organization, seven out of ten patients succumb to non-communicable diseases, especially in the low and middle income nations. This has increased the need for surgical procedures for NCDs, pushing up guidewire usage
  • Interventional guidewires are experiencing increased adoption in minimally invasive surgical procedures as they reduce trauma and pain from surgical incisions.
  • Majority of the guidewires demand is stimulated from the Asia-Pacific, owing to high fatalities due to diseases like cancer, diabetes, cardiac arrests and asthma.

Hand Sanitizer Market: Region-wise Analysis

  • North America shall continue generating lucrative opportunities. High adoption rate of interventional and diagnostic guidewires for several diseases is a major growth accelerator
  • The United States has exhibited significant consistency in showing notable annual growth rates, set to expand at a rate of more than 5% in 2020
  • Asia-Pacific is emerging as the fastest growing guidewires market. A large proportion of diabetic population in India and China aged between 20 and 79 is stimulating demand for surgical procedures and guidewires in the region
  • The Japanese guidewires market demonstrates exponential growth possibilities, attributed to the presence of a large geriatric population pool afflicted with chronic conditions

Guidewires Market: Competitive Landscape

The global guidewires market is characterized by the presence of prominent regional as well as global vendors, making it highly competitive in nature. Principal growth strategies include promotion of inorganic growth, diversification of product portfolios through new product launches, optimization of production costs, technological enhancements and collaboration with other players to broaden geographical presence.

On the collaboration front, Boston Scientific partnered with the Mayo Clinic to set in motion the development of minimally-invasive technologies for urology, neuromodulation, endoscopy, heart rhythm management and interventional cardiology in 2019.

For product launches, Cardiovascular Systems Inc., doled out its Viper Wire Advance Coronary Guidewire which received clearance from the US FDA in October 2019. Earlier in May of the same year, Medtronic unveiled its Telescope Guide Extension Catheter to provide additional backup support and access to distal lesions.

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Guidewires Market Taxonomy:

Product Type

Diagnostic Guidewires

  • Hydrophilic Guidewires
  • Hydrophobic Guidewires

Interventional Guidewires

  • Hydrophilic Guidewires
  • Hydrophobic Guidewires

Application

  • Coronary Guidewires
  • Peripheral Guidewires
  • Urology Guidewires
  • Radiology Guidewires
  • Neurovascular Guidewires
  • Gastroenterology Guidewires
  • Others

Material Type

  • Nitinol Guidewires
  • PTFE Guidewires
  • Stainless Steel Guidewires
  • Hybrid Guidewires

Tip Shape

  • J Tip
  • Angled Tip
  • Straight Tip

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories
  • Specialty Clinics

Region and Country

North America

  • U.S.
  • Canada

Latin America

  • Brazil
  • Mexico
  • Argentina

Europe

  • U.K
  • Germany
  • Spain
  • France
  • Italy
  • Russia

East Asia

  • China
  • Japan
  • South Korea

South Asia

  • India
  • ASEAN

Middle East & Africa

  • GCC
  • North Africa
  • Southern Africa
  • Rest of MEA

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Get Valuable Insights into the Guidewires Market

Future Market Insights offers actionable insights and unique perspective on guidewires market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product type (interventional guidewires and diagnostic guidewires), by application (coronary guidewires, peripheral guidewires, urology guidewires, radiology guidewires, neurovascular guidewires, gastroenterology guidewires and others) by material type (Nitinol guidewires, PTFE guidewires, stainless steel guidewires and hybrid guidewires) by tip shape (J tip, angled tip and straight tip) by end-user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories and specialty clinics) in seven key regions.

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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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This is How the Key Players Are Dominating the Global Home Healthcare Market

In 2021, the home healthcare sector generated $3 billion in sales. According to a thorough analysis, the worldwide home healthcare market is anticipated to grow at a CAGR of 3.1% from 2022 to 2030, reaching US$ 4 billion.

Home Healthcare Market Size (2022) US$ 3.13 Bn
Sales Forecast (2030) US$ 4 Bn
Global Market Growth Rate (2022 to 2030) 3.1% CAGR
Share of Top 5 Market Players 50%

The cost of hospital stays, together with changing patient needs and technological advancements, are putting tremendous pressure on healthcare systems to rethink how treatment is provided in the future. According to a recent Future Market Insights (FMI) analysis on the global home healthcare market, home-based primary care and hospital-at-home care will continue to make major advancements in the near future.

The global COVID-19 epidemic and changing industry priorities have caused a modest reduction in the usage of home healthcare products and solutions since Q1 2022. Lockdowns across the country, the closing of manufacturing facilities, and significant supply chain changes are all posing obstacles to the development of the home healthcare sector. The market, however, seems poised for a quick recovery after the coronavirus was contained.

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Key Takeaways of Home Healthcare Market Study

  • Prevalence of chronic diseases, especially among the geriatric population, is opening a broad array of opportunities for home healthcare companies.
  • Infusion pumps would remain preferred among various home healthcare products such as pressure relief devices; ostomy drainage bags to follow closely.
  • Stoma care would be the prominent application area in home healthcare market; key players to invest in IV medication.
  • North America and Europe continue to offer opportunities of growth and profitability, owing to strong presence of leading players and rising adoption of home healthcare services.

Leading Manufacturers Capitalize on Product Portfolio Expansion and Distributional Partnerships

A majority of companies are focused on development of innovative home healthcare. Several prominent players are investing in expansion of their product portfolio thorough acquisitions in order to extend their geographical reach. For instance, the famous BD and C.R. Bard merger gave rise to a new global healthcare leader. With an aim to expand operations in the UK, Medline had announced opening of its new warehouse in the UK, in 2018.

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Some of the prominent players in home healthcare industry that are profiled in the FMI report, include Coloplast A/S, Baxter International Inc, B. Braun Melsungen AG, Hollister Incorporated, ConvaTec Group Plc, Medtronic plc., and Becton Dickinson and Co.

Know More About Report Inclusions

The FMI report brings to fore a comprehensive research on the market growth forecast at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global Home Healthcare market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on Home Healthcare market on basis of product type (infusion systems, pressure relief devices, hydrocolloid dressings, hydrofibre dressings, hydrogel dressings, semi-permeable film dressings, superabsorbent dressings, wound contact layers, gauze sponges, gauzes, sponges, ostomy drainage bags), application (total parenteral nutrition (TPN), IV medication, pressure ulcer, stoma care), across seven major regions.

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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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Medical Ventilators Market Comprehensive Research Study and Strong Growth in Future 2030

The market for medical ventilators is expanding quickly as more emphasis is being placed on increasing production to meet an unexpected rise in demand during the COVID-19 epidemic. The market for medical ventilators was estimated at US$ 1.2 billion in 2019 and is anticipated to grow at a CAGR of 8.7% over the following five years (2020-2030).

Data Points Market Insights
Market Value 2021 USD 1.4 Bn
Market Value 2022 USD 1.5 Bn
Market Value 2030 USD 3.1 Bn
CAGR 2022-2030 9.1%
Share of Top 5 Countries 48.8%
Key Players The key players in medical ventilators market are Becton Dickinson and Company, Cardinal Health, GE Healthcare, Koninklijke Philips N.V., Draegerwerk AG & Co. KGaA, Medtronic Plc., Getinge AB, Hamilton Medical AG, Smiths Medical, Fisher & Paykel Healthcare, and Bunnell Incorporated

The need for medical ventilators has significantly increased due to an increase in the number of severe cases of the life-threatening new coronavirus (COVID-19). During the projected period, manufacturers’ and governments’ intense focus on creating more medical ventilators is anticipated to drive market growth (2020-2030). A substantial opportunity for global medical ventilators market companies to differentiate their goods from the competition is created by the growing need for portable and affordable medical ventilators.

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Key Takeaways of Medical Ventilators Market Study

  • Sales of critical care ventilators contributed the maximum share to the total market value, owing to increasing use in critical care areas of hospitals and other care areas as well.
  • Extensive use of invasive ventilators in the management of chronic respiratory failure is expected to result in a notable share of the segment in the medical ventilators market.
  • Hospital remains top end user contributing more than 38% of total demand, in line with high-quality clinical care and rising number of respiratory disease patients.
  • North America captured notable revenue share of about 30% and is expected to be the most lucrative region for the medical ventilators market during the forecast period.
  • Increasing government funding to boost the medical industry growth in Asian countries is expected to drive growth of the medical ventilators market in the region.

Increasing Production Capacity – Imperative Strategy for Market Players

Manufacturers are now focusing on boosting ventilator manufacturing capacity to meet the urgent global demand due to the coronavirus pandemic. For instance, companies such as Medtronic, Koninklijke Philips N.V., GE Healthcare, and Getinge AB are now rapidly increasing their ventilator production by 40%-60%, to supply ventilators in response to the urgent need across the globe confronting COVID-19.

What does the report cover?

Future market insights offer a unique perspective and actionable insights onmedical ventilatorsmarket in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product (critical care ventilators, and transport ventilators), by technology (invasive ventilators, and non-invasive ventilator), by end user (hospitals and ambulatory surgical centres, long term care centres, and home care settings) in seven key regions.

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MEDICAL VENTILATORS MARKET TAXONOMYFMI’s study on the market offers information divided into four important segments – product type, technology, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Product Type

  • Critical Care Ventilators
  • Transport Ventilators

Technology

  • Invasive Ventilators
  • Non-Invasive Ventilator

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Long Term Care Centers
  • Home Care Settings

Region

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

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.

Contact:                                        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/medical-ventilators-market
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Vision Care Market Future Scenarios, Growth and Analytical Insights – 2032

In 2022, the market for vision care will be worth US$83.72 billion. By 2032, the market is projected to be worth US$ 169.37 billion. 7.3% is the predicted CAGR over the forecasted period.

Attributes Value
Vision Care Market Valuation (2022) US$ 83.72 billion
Vision Care Market Projected Size (2032) US$ 169.37 billion
Vision Care Market Anticipated CAGR (2022-2032) 7.3%

The utilization of electronic devices has increased during the last ten years. Our eyes are exposed to the device’s radiation more and more as we spend more time in front of the screen. This then starts to have an impact on our eyes, and we start using different kinds of vision care solutions.

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Additionally, the time period we are in makes it difficult for those employed by big corporations to cook meals on their own. They begin eating fast food as a result, which is thought to be unhealthy.

As a result, the eyes are unable to get the nutrition they need. As a result, there is now more demand for products related to eyesight care.

Additionally, there have been significant advancements in logistics and supply chain management, making it possible to ship vision care products anywhere in the world.

The ageing population has, nonetheless, made a considerable contribution to the expansion of the vision care market. Age causes the eye lens to stiffen, which causes various eye issues. Thus, it is anticipated that the demand from the ageing population will raise sales of vision care items.

Additionally, there have been more government and other controlling authority activities to raise awareness of vision care devices.

Key Takeaways:

  • The vision care market is expected to grow at a CAGR of 7.3% during the forecast period.
  • The vision care market is expected to be valued at US$ 169.37 billion by 2032.
  • The vision care market is valued at US$ 83.72 billion as on 2022.
  • Based on the product type, the spectacle lens segment is the most preferred segment in the vision care market.
  • Based on the type, the non-prescription mode is expected to surge the market for vision care devices.
  • Based on the channel, the retail hypermarket/superstore is the most preferred in the vision care market.
  • North America is projected to be the largest market based on regional insights.
  • Asia Pacific is the second largest, and the fastest growing vision care market.
  • Based on country analysis, USA vision care market the largest market, with a share of nearly 34% in North America, and is expected to grow at a CAGR of 7.5% during the forecast period.
  • India market is expected to grow at a CAGR of 9.4% during the forecast period.
  • Chinese vision care market is anticipated to grow at a CAGR of 7.1%

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Competitive Landscape

With a view to increase their footprints across the nations, the major players are getting involved in mergers and acquisitions which would drive their business to new heights.

Some of the recent developments are:

  • In July 2022, Bausch and Lomb enrolled first patient in LASIK clinical trial, thereby evaluating the use of Technolas TENEO Excimer Laser for vision correction surgery for hyperobia.
  • In February 2022, Johnson and Johnson was named a 2022 Fortune world’s most admired company and ranked #1 on the pharmaceutical industry list.

Key Companies Profiled

  • Bausch and Lomb (Acq. by Valeant Pharmaceuticals)
  • Alcon (sub. Novartis AG)
  • CooperVision
  • Johnson & Johnson
  • LUXOTTICA GROUP
  • Essilor
  • ZEISS International
  • Safilo Group
  • Rodenstock.

Key Segments in the Vision Care Market

By Product Type:

  • Spectacle Lenses
  • Contact Lenses
  • Cleaning & Disinfecting Solutions

By Type:

  • Rx (Prescription)
  • Non-Rx (Non-prescription)

By Distribution Channel:

  • Hospitals
  • Ophthalmic Clinics
  • Optometry Stores
  • E-Commerce
  • Retail Hypermarket/Superstore

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.

Contact:                                        

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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/vision-care-products-market
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Injectable Drug Delivery Market [2022–2028] North America to hold the largest market size during the forecast period — Future Market Insights

FMI estimates that the global injectable drug delivery market is projected at US$ 41.5 Bn in 2022 and is expected to expand at CAGR of 8.9% over 2022–2028, to reach US$ 69.13 Bn by 2028 end. Based on product type, the needle-free injectable drug delivery segment dominated the global injectable drug delivery market in 2017. Moreover, the subtype, prefilled of needle-free injectors segment is expected to have a dominant share of the needle-free type of injectable drug delivery market due to its ease of application. North America is expected to maintain its dominance in the global injectable drug delivery market due to the presence of a large number of manufacturers of injectable drug delivery devices, mostly operating from the U.S.

Attribute Details
Estimated Injectable Drug Delivery Market Size 2022 US$ 41.5 Bn
Injectable Drug Delivery Market Value-based CAGR (2022-2028) ~8.9%
Projected Injectable Drug Delivery Market Size in 2028 US$ 69.13 Bn

Increase in prevalence of chronic diseases such as diabetes, cancer and rheumatoid arthritis along with other factors such as need for patient-controlled drug release and increased risk of needle stick injuries are the prominent factors expected to drive the growth of the injectable drug delivery market. Technological advancements have resulted in better product offerings in the injectable drug delivery market. However, some factors such as strict regulatory framework and premium pricing of products are expected to hinder the growth of the injectable drug delivery market. The key trend of the injectable drug delivery market is the increasing demand for point-of-care devices. Injectable drug delivery devices are easy to self-administer and do not require a healthcare professional for administration, which as a result skips the need of hospital visits and relatively lowers the healthcare spending for an individual.

The global injectable drug delivery market has been segmented on the basis of product type, usage, end users and regions. The disposable injectable drug delivery segment is expected to be the most attractive usage segment. Among the three end users, the hospital pharmacies is expected to be the dominant segment due to benefits such as favourable reimbursement policies in most of the countries across the globe.

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In terms of value, the global injectable drug delivery market is expected to expand at 8.9% CAGR over the forecast period. With nearly 32% market share, North America was a dominant regional market for injectable drug delivery in 2017, due to growing number of manufacturers in the region and early adoption of new technologies. Western Europe is expected to be the second large market in injectable drug delivery, with Germany, the U.K. and France occupying major shares. APEJ is expected to be third large market for injectable drug delivery, due to requirement of low capital for manufacturing injectable drug delivery.

Key Research Findings

  • Increase in demand for point-of-care devices and reduced reliance on healthcare facilities are driving the growth of the global injectable drug delivery market
  • North America will be the dominant regional market for injectable drug delivery devices due to early adoption of advanced technologies
  • Most of the major players operate from the U.S., which makes the U.S. the leading market for injectable drug delivery devices in North America
  • In Europe, a large number of diabetes patients are switching towards needle-free injectable drug delivery devices from conventional injections since it is a painless process and reduces the risk of needle stick injuries
  • Disposable injectors are the most commonly available type of injectors since they are user friendly and do not require special skills for administration
  • Prefilled needle-free injectors are the most preferred type of injectors since they are much easier to administer than the fillable type
  • Price control for most of the injectable drug delivery devices is fierce. For instance, Mylan was pressurised to launch the generic version of the EpiPen to reduce the price of the product in the market. However, this has declined the revenue of the company.
  • In developed regions, such as North America and Europe, hospitals are the dominant distribution channel due in injectable drug delivery due to the reimbursement policies
  • The growing competition in the emerging market and the rising demand for injectable drug delivery are the future opportunities for the growth and expansion of the injectable drug delivery market.

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 Key Segments:

Product Type:

  • Self-Injectors
  • Needle-free Injectors
  • Auto-Injectors

Usage:

  • Disposable Injectors
  • Reusable Injectors

Distribution Channels:

  • Hospital Pharmacies
  • Retail Pharmacies
  • E-commerce

Region:

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

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.

Contact:                                        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/injectable-drug-delivery-market
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