Market Research Blog – Page 10739 – New Product Development

Medical Face Shield Market Will Generate Booming Growth Opportunities to 2030

According to a latest study by Future Market Insights, medical face shields market will grow at over 11% CAGR through 2030. Medical face shield can become as ubiquitous as masks, as new findings on the airborne spread of Covid-19 influence behavior and guidelines

Medical face shields prove to be an effective means for first line protection against airborne diseases like Zika, SARS, Ebola, flu, and now – Covid-19. As such, increase in adoption of medical face shields, and, in turn, increase in their production is expected to drive the market in the forecast period.

The IDSA (Infectious Diseases Society of America) has, in its recommendations, included use of PPE (Personal Protective Equipment) like face shields and masks. Though masks have been widely adopted all across, their effectiveness is not that well-known.

The possibility of masks providing marginal protection against virus owing to potential moisture retention, poor filtration, and re-use of cloth masks can’t be ruled out.

On the contrary, face shields are more useful in mitigating respiratory viruses’ transmission like SARS-CoV-2, which would help in minimizing droplets and contacting transmission. However, studies have also pointed out that face shields may not effective in the absence of a masks.

According to Future Market Insights’ analysis, use of medical face shields, used in conjunction with face masks, is being explored, and it is highly likely that sales will soar dramatically in the next six months or so.

Customizable Face Shields Can Become a Reality as Pandemic Lingers On

Medical face shields available in the present scenario are meant for adults. However, child-sized face shields, that too, with interchangeable decorations are being designed now by Metaform Architects for children who have started going back to school.

These masks have been designed for children who fall in the age group of 4 to 8. There are also studs for securing personalized embellishments like googley eyes, animal ears or crowns.

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Short-term Spike and Steady Growth in Long Run

According to Future Market Insights’ analysis, the staggering growth in the medical face shield market will be heavily dependent on pharmaceutical interventions to tackle COVID-19. However, even after the availability of a vaccine, it is likely that prevention better than cure approach will drive use.

“There is a growing consensus that Covid-19 may become endemic like coronaviruses. Till the time vaccines are available on a large scale, use of face shields and face masks will remain high. However, the long-term forecast on the market remains steady, as people are likely to take a preventive approach,” says the FMI analyst.

Learn about more inclusions in FMI’s report

Future Market Insights brings the coming of age 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 segments from 2015 to 2030. The global medical face shield market is segmented for covering every aspect of the market and present market intelligence approach in entirety to the reader.

The study provides noteworthy insights on medical face shield market on basis of material (polycarbonate, polyethylene terephthalate glycol, acetate, and propionate) and type (anti-fog, anti-glare and others), usage (disposable and reusable), distribution channel (hospital pharmacies, retail pharmacies and online pharmacies) across seven major regions

Key Takeaways of Medical Face Shield Market

Polycarbonate remains the material of choice for medical face shield manufacturers
Anti-fog medical face shields likely to witness higher demand than other variants
Disposable medical face shields will outsell reusable, as consumers look to minimize the threat of infection
Sales through online channels likely to offset sluggishness in pharmacies and specialty stores

“The medical face shield market of 2020 and beyond will be starkly different from 2022 and before. Foray of new players, launch of innovative shields, branding & marketing, and production processes – all are set to witness a change”, says the FMI analyst.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side sand Supply Side Trends

1.3. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Medical Face Shield Market Value (US$ Mn) Analysis 2015-2021 and Forecast, 2022-2030

4.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2030

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Opportunity Analysis, 2022-2030

Market Background

5.1. COVID-19 Crisis Analysis

5.2. Macro-Economic Factors

5.3. Market Dynamics

5.3.1. Drivers

5.3.2. Restraints

5.3.3. Opportunities

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Key Market Segments Covered in Medical face shield Industry Research

By Material:

Polycarbonate
Polyethylene terephthalate glycol
Propionate
Acetate

By Type:

Anti-fog
Anti-glare
Others

By Usage:

Disposable
Reusable

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region:

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

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ABOUT FUTURE MARKET INSIGHTS, INC.

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

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Cancer Diagnostics Market Share, Regional Overview and SWOT Analysis till 2032

Rising prevalence of cancer is likely to fuel the demand for cancer diagnostics. A study by Future Market Insights (FMI) projects the cancer diagnostics market to surpass US$ 47.62 Bn in 2021. According to the World Health Organization (WHO), cancer is the second -leading cause of death globally, accounting for over 9.9 million deaths in 2020. Rising cases of cancer have been fuelling the demand for advanced diagnostics.

Technological advancements in various fields such as biopsy, imaging, biomarkers and endoscopy, rising prevalence of cancer, increase in government initiatives for creating awareness, rapidly increase in geriatric population, and growing government funding are key factors driving the growth of the cancer diagnostics market.

Timely detection of cancer requires suitable diagnostic tests to screen the immunosuppressed population which is at moderate risk of cancer, particularly for lung cancer, cervical cancer, breast cancer, prostate cancer, colon cancer and melanoma. Growing awareness of early signs and symptoms of cancer among physicians and other healthcare professionals as well as among the general population supplements the growth of cancer diagnostics.

Inclusion of cancer screening tests in National Cancer Screening Programs is another major factor expected to fuel the demand for cancer diagnostics. Introduction of regular mammography into national cancer programs by major developed countries where the incidence of breast cancer is high that is leading towards increasing adoption of cancer diagnostics in developed region.

For instance, the U.S. government has included the National Mammography Program in its national cancer screening programs. The government of Australia is taking initiative by conducting 3 cancer screening programs such as the National Cervical Screening Program, BreastScreen Australia and the National Bowel Cancer Screening Program. Similarly, most of the countries in Europe are continuously adopting HPV DNA screening for cervical cancer as a part of national cervical cancer programs.

Short-term Negative Impact Likely Due to COVID-19

The cancer diagnostics market is expected to experience short-term negative growth owing to a reduction in the cancer diagnosis procedures and adoption rate in developed and emerging countries. COVID-19 has impacted the landscape of cancer diagnostics. This has affected demand in various fronts, from prevention to screening and diagnosis, palliative care, treatment, and patient follow-up, to logistics and supplies of cancer diagnostic tests kits and other essential commodities.

Nonetheless after a period of muted growth, the market is poised to recover as economies return to normalcy. As per FMI, the rising incidence of lung cancer is attributable for over 19% of sales in the market.

Key Takeaways from Cancer Diagnostics Market Study

The rising incidence of cancer will fuel the demand for cancer diagnostics, enabling the market register 8.5% CAGR between 2021 and 2022
Increasing cases of cancer in the U.S. accounts for 84% of demand in North America
Increasing healthcare spending will enable the U.K. market register over 5% y-o-y growth in 2021
Favorable reimbursement policies will support growth in France and Germany
Expansion of the healthcare sector will support growth in Japan and South Korea

“Advancements in cancer diagnostics and rising prevalence of cancer are expected to aid growth of cancer diagnostics. A majority of leading players in cancer diagnostic market are adopting strategic partnerships to sustain the increasing competitive pressure,” says the FMI Analyst

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Who is Winning?

Partnerships between cancer diagnostic assay kits developers, instrument manufacturers and technology licensers are often intended to increase the consumer base.

For instance, in March 2021, Illumina, Inc. signed a partnership agreement with Geneseeq Technology Inc. to develop comprehensive in-vitro diagnostic (IVD) NGS testing kits by using Illumina’s NextSeq 550Dx sequencing platform for cancer.

In June 2020, Thermo Fisher Scientific signed an agreement with Daiichi Sankyo to Co-launch a companion diagnostic for patients with non-small cell lung cancer for identifying Her2 gene mutations using the Oncomine Dx target test.

Cancer Diagnostics Market by Category

Test Type

Tumour Biomarkers Tests
- PSA Tests
- CTC Tests
- AFP Tests
- CA Tests
- HER2 Tests
- BRCA Tests
- ALK Tests
- CEA Tests
- EGFR Mutation Tests
- KRAS Mutation Tests
- Others
Imaging
- Ultrasound
- Mammography
- MRI Scan
- PET Scan
- CT Scan
- SPECT & Others
Biopsy
- Needle Biopsy
- Endoscopic Biopsy
- Bone Marrow Biopsy
- Others
Liquid Biopsy
Immunohistochemistry
In Situ Hybridization

Indication

Breast Cancer
Lung Cancer
Colorectal Cancer
Melanoma
Blood Cancer
Prostate Cancer
Ovarian Cancer
Stomach Cancer
Liver Cancer
Others

End-user

Hospital Associated Labs
Independent Diagnostic Laboratories
Diagnostic Imaging Centers
Cancer Research Institutes
Others

Region

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

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Market Dynamics

2.4. Inclusions and Exclusions

Market Background

3.1. Macro-Economic Factors

3.1.1. Global GDP Growth Outlook

3.1.2. Global Healthcare Expenditure Outlook

3.1.3. Growth of Healthcare Sector in Emerging Nations

3.2. Forecast Factors – Relevance & Impact

3.2.1. Global Increase in Healthcare Expenditure

3.2.2. Rising Prevalence of Cancer

3.2.3. Changing Regulatory Dynamics

3.2.4. Cost Impact

3.2.5. Regulatory Scenario

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Opportunity Analysis

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T: +1-845-579-5705

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Diabetic Macular Edema Market Comprehensive Study Explores Huge Growth In Future

The global diabetic macular edema (DME) market is projected to register a sluggish expansion at 1.1% CAGR through 2027, according to a report by Future Market Insights (FMI). The report estimates the market to reach US$ 3710.2 Mn in 2017; by 2027 this number is expected to surpass US$ 4,100 Mn.

An Uptake of Intravitreal Implants by Patients to Drive Growth of the Market in North America

North America will remain dominant in the global diabetic macular edema market. An uptake of intravitreal implants by new as well as existing patients, who do not show any improvement post-treatment with intravitreal injections, is expected to sustain growth of the market in this region.

Although control of diabetes is a health priority in developed North American countries, such as the U.S., less attention is given to DME management, with diabetes-related caregivers tending to focus on treatment of diabetic complications. A major reason behind this is lack of effective treatment for DME in North America. In addition, an error exists between industry sponsored and independently run clinical trials. Most of the independent clinical trials for DME treatment lack long-term results pertaining to safety and efficacy of new combination therapies for DME. These factors are likely to inhibit growth of the market in North America.

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Diabetic Macular Edema Market in Western Europe to Register the Highest CAGR through 2027

The diabetic macular edema market in Western Europe is expected to register a comparatively higher CAGR than other region segments through 2027. Pharmaceutical companies in this region are making substantial investments in research and development, new technologies, and infrastructure in order to capture a market share in the surging burden of eye diseases. This is expected to retain growth of the market in Western Europe.

However, patients in Western Europe resist the intake of intravitreal injections of anti-VEGF drugs, which leads to an instant increase in intraocular pressure causing severe pain in the head or eyes. This a major factor impeding growth of the diabetic macular edema market in Western Europe.

Anti-VEGF will Remain Preferred Product in the Global Diabetic Macular Edema Market

Anti-VEGF will remain preferred product in the market, with sales estimated to expand at 1% CAGR through 2027. Eylea will continue to be the most lucrative anti-VEGF drug in the market. However, demand for corticosteroids will remain comparatively lower than anti-VEGF during the forecast period.

By product form, intravitreal injections will continue to be sought-after in the market, with sales poised to surpass US$ 4,000 Mn by 2027-end. Sales of intravitreal implants will register a comparatively higher CAGR than intravitreal injections through 2027.

Hospital pharmacy is estimated to remain the largest distribution channel in the market, as majority of countries across the globe dispense intravitreal injections and implants to outpatients by hospital pharmacies. Retail pharmacy, which mainly provides aliquots of off-label indications such as Avastin prescription, will register a comparatively low CAGR than hospital pharmacy in the market through 2027.

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Key market players identified in FMI’s report include Novartis AG, Bayer AG, Allergan Plc., F. Hoffman-La Roche Ltd., Alimera Sciences Inc., Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Inc.)

Key Segments:

By Therapy Type:

Anti-VEGF
- Ranibizumab (Lucentis)
- Afilbercept (Eylea)
Corticosteroids
- Fluocinolone Acetonide (Iluvien)
- Dexamethasone (Ozurdex)
Other Off-label Drugs (Triamcinolone Acetonide, Bevacizumab and Pegaptanib)

By Product Form:

Intravitreal Injections
Intravitreal Implants

By Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Suite 401, Newark, Delaware – 19713, USA

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Vehicle Electrification Market : Value Chain, Stakeholder Analysis and Trends by 2032

The global vehicle electrification market is expected to be worth $ 72 billion in 2021, growing at a CAGR of 10.3% during the forecast period. The vehicle electrification market is expected to grow significantly in the coming years as a result of the preference for electrified vehicles among automotive and automobile manufacturers, as well as the increasing emphasis on environmentally friendly alternatives in automobiles.

Vehicle electrification, in line with sustainable transportation facilities, enables both vehicle manufacturers and end-users to benefit from it, transforming how transportation is perceived and contributing to vehicle electrification market growth.

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Crucial Drivers Steering Vehicle Electrification Market Growth

Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environmental awareness are all expected to drive vehicle electrification market growth. Various governments, including the United States, are actively encouraging vehicle electrification through tax breaks and subsidies.

The primary factor driving the vehicle electrification market growth is the increasing use of technological advancements in electric vehicles, such as e-axles. Apart from that, rising demand for lightweight vehicle production to improve fuel efficiency is boosting market growth. Rising demand for hybrid vehicles is expected to drive the vehicle electrification market.

The Vehicle Electrification Industry’s Hardships

Electric vehicles are vehicles that incorporate advanced technologies and electric power components. There are a number of risks associated with these technologies, such as thermal runaway of the battery bank and fire that must be carefully considered. The current vehicle electrification market challenges impeding the popularity of electric vehicles are high battery costs, overheating, the total energy storage capacity of the battery, and the development of vehicle batteries.

Asia Pacific

The Asia Pacific region has the largest vehicle electrification market share. The government’s numerous efforts in India, South Korea, and China to promote the use of electric vehicles and provide tax breaks for such purchases may boost vehicle electrification market growth in this region. Aside from that, technological and economic advancements in this region, as well as increased disposable income, are all contributing to regional prosperity.

The electric power steering market is expected to be the largest in the vehicle electrification market. EPS reduces fuel consumption while increasing vehicle manoeuvrability. The vehicle electrification market trend is accelerating in Asia. EPS is installed at a rate of nearly 91% in Asia. As a result, the EPS segment is expected to have the largest vehicle electrification market share during the forecast period.

Key Takeaways:

Due to rapid technological advancement and the expanding automobile industry, the vehicle electrification market is expected to grow at a double CAGR during the forecast period.
North America is expected to be the fastest-growing market for vehicle electrification.
The United States is on track to be the market leader in North American vehicle electrification.
During the forecast period, the EPS segment is expected to have the largest market share.
The plug-in hybrid electric vehicle (PHEV) market is expected to grow the fastest in the vehicle electrification market.

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Competitive Landscape:

Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric are among the major manufacturers in the vehicle electrification market (Japan). These businesses have diverse product lines and extensive global distribution networks. These companies use strategies such as new product development, expansions, collaborations, and contracts and agreements to maintain their vehicle electrification market position.

Recent Developments:

ARBOC Specialty Vehicles, LLC (USA) and XL Fleet Corp. (USA) worked together to electrify ARBOC Freedom low-floor buses.
Ford (USA) has acquired Electriphi (California), a provider of charge management and fleet monitoring software.
General Motors, a major American automaker, announced plans to introduce personal electric vehicles in 2021.
CATL, a Chinese EV battery manufacturer, plans to expand its partnerships with Coach B.V. & VDL Bus in the Netherlands and Quantron AG in Germany in 2020 to accelerate commercial vehicle electrification in Europe by improving local services and product solutions.
The company intends to release 30 electric vehicles worldwide by 2025, with roughly two-thirds of them available in North America.

Key Segments Covered in the Vehicle Electrification Market Report

Product Type:

Start/Stop System
Electric Power Steering (EPS)
Electric Air-Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Liquid Heater PTC
Integrated Starter Generator (ISG)
Starter Motor
Alternator
Actuator

Degree of Hybridization:

Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
48 V

Region:

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

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Key Players

Toyota is one of the key players in the automobile industry that is implementing vehicle electrification. Toyota is innovating in the vehicle electrification market, leveraging the benefits of electrification to support their sustainability initiatives, with the goal of increasing electrified vehicle sales over the next decade.
Automobile manufacturers are expected to benefit from the initiatives taken by automotive players such as Renault Group and Bosch to implement vehicle electrification, transform public transportation with vehicle electrification, and add electrified vehicles to their product portfolio in the future.

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Automotive Oil Strainer Market : size is anticipated to be valued at US$ 657.1 Million in 2032. As per a new report by FMI, the automotive oil strainer market is projected to reach US$ 215.9 Million in 2022 and exhibit steady growth at a CAGR of 8.4% in the forecast period from 2022 to 2032.

Automotive License Plate Light Market : size is expected to be valued at US$ 854.1 Million in 2032. According to FMI, the automotive license plate light market is likely to reach US$ 421.8 Million in 2022 and showcase immense growth at a CAGR of 9.7% in the forecast period (2022-2032).

Sales of Used Bikes through Bike Marketplace : is anticipated to secure an average CAGR of 4.6% during the forecast period. The sales of used bikes through bike marketplace are likely to grow to US$ 68 Bn by 2032, up from US$ 43 Bn in 2022.

Electric Vehicle Sensor Market : is expected to reach a valuation of US$ 8 Bn in 2022. With demand growing at an impressive 16.6% CAGR, the market valuation is projected to reach US$ 37.1 Bn by 2032.

Three Wheel E-Scooter Market : is anticipated to have a steady CAGR of 2.4% during the period 2022-2032. The three wheel e-scooter market share is predicted to grow from US$ 1024.2 Million in 2022 to US$ 1301.4 Million in 2032.

About Future Market Insights (FMI)

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

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Automotive Natural Gas Vehicle Market Expectations and Growth Trends Highlighted Until 2032

An automotive natural gas vehicle uses compressed natural gas (CNG) or liquefied natural gas (LNG) as an alternative to the diesel or petrol. A natural gas is widely used in lift trucks, buses, light and heavy duty trucks, motorcycles, cars, vans and locomotives.

A natural gas provides an economical and environmental friendly option over diesel or petrol. Currently, the penetration of automotive natural gas vehicle is less globally, but due to its operational advantages, in future the penetration is expected to increase globally.

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Automotive Natural Gas Vehicle Market: Overview

Currently, the automotive natural gas vehicle market is still in the nascent state, thought the market experienced growth in sales in last 3-4 years.

The automotive natural gas vehicle market is still in the nascent state, though the market experienced growth in sales in the last 3-To 4 years. From 2022 to 2032, the market is expected to surge at a CAGR of 7%. due to stringent government emission regulations and growing demand for fuel efficient vehicles.

Automotive Natural Gas Vehicle Market: Drivers and Challenges

Around the world, the governments have issued stringent regulations regarding the emissions and fuel efficiency. The global fossil fuel price has seen an increasing trend over the past 5-10 years. Due to these reasons, there is a growing demand for cheap and environmental friendly fuel alternative. Original equipment manufacturers of vehicles are promoting their products by showcasing the fuel efficiency and emission free features. This factor is fueling the demand for automotive natural gas vehicle market.

High upfront purchase cost, low awareness in many countries are some of the factors which are inhibiting the growth of automotive natural gas vehicle market.

Automotive Natural Gas Vehicle Market: Region-wise Outlook

The global automotive natural gas vehicle market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive energy recovery market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.In terms of market revenue, Asia Pacific automotive energy recovery market is projected to register a significant CAGR during the forecast period. Stable economic growth, growing automotive production, stringent government emission norms, changing consumer preferences, are some of the factors which are fueling the growth of automotive natural gas vehicle market in Asia Pacific. The significant demand for natural gas is from commercial vehicle segment in Asia Pacific. India, China and Iran are forecast to register a significant growth in the Asia Pacific automotive natural gas vehicle market, as these countries have significant network of gas infrastructure and CNG fueling network.

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Automotive Natural Gas Vehicle Market: Key Players

Some of the key market participants in global natural gas vehicle market are

Ford Motor Company,
Fiat Chrysler Automobiles,
General Motors,
Honda Motor Company,
Volkswagen,
Hyundai Motor Group, etc.

Regional analysis includes

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

Automotive Natural Gas Vehicle Market: Segmentation

The global automotive natural gas vehicle market can be segmented by fuel type, by vehicle type and by regions

Based on Fuel Type, the global automotive natural gas vehicle market is segmented as:

Compressed Natural Gas
Liquefied Natural Gas

Based on Vehicle Type, the global automotive natural gas vehicle market is segmented as:

Passenger
Commercial

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Water Proof E-Scooter Market : is growing at an average pace and is likely to secure a CAGR of 5% during the forecast period. Historically (2017-2021), the water proof e-scooter market grew at a CAGR of 1.7%.

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Vaginal Applicators Market Size is Expected to Reach US$ 8.56 Billion in 2032

The vaginal applicators market reached a valuation of US$ 5.1 Bn in 2022 & expected to reach US$ 8.56 Bn in 2032, at a 5.5% CAGR.

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 Vaginal Applicators Market over the Assessment Period 2022-2032.

A detailed study on vaginal applicators 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 vaginal applicators 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 vaginal applicators in the coming 10-years.

The original purpose of vaginal applicators was to deliver contraceptives, vaginal applicators are disposable with a prefilled reservoir sealed with a removable membrane and a distributor perforated multiple times to distribute the gel. The design enhances patient compliance and adherence to therapy.

The growth of the vaginal applicators market is expected to rise due to the increasing number of vaginal infections during the forecast period. This is in part because of the ease of use, safety, efficacy, and functional attractiveness of the vaginal applicators. Moreover, consumers are becoming more affluent, resulting in a rise in the demand for premium products.

Key Vaginal Applicators Market Takeaways and Projections

The U.S. is expected to lead the North america vaginal applicators 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 vaginal applicators 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 vaginal applicators market. Some of the prominent market players are Beyon devices, Union Plastic S.A, SRC, HTI Plastics, Ningbo Suncity, Tekpak.

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Key Segments Profiled in the Vaginal Applicators Market

By Product Type:

Reusable
Disposable

By Capacity:

1 gm
2 gm
3 gm
4 gm
Above 4 gm

By Application:

Gels
Creams
Liquids
Tablets

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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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Boat Hook Market Latest Advancements and Business Opportunities 2032

According to a recent study, the global boat hook market is predicted to shape up with a CAGR of 3% to 5% between 2022 and 2032.

Increasing boating activities fueled by the increase in use of recreational boats is expected to boost the demand for boat hooks.

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What is Driving Demand For Boat Hook

A boat hook is a boating accessory. Its most common use is as a docking and undocking assistance. Although it may resemble a pike pole, it must have a blunt point for undocking and a hook for docking. It may also have a line attached to the opposite end for this purpose, which may be supplied with a ring.

The typical boat hook has received a number of improvements that have increased its utility. Many of them make it simple and safe for boaters to attach a line to a dock cleat, ringed mooring buoy and mooring ring.

The typical boat hook’s utility will be much increased, and berthing will be greatly simplified. Some systems may be equipped with carbine hooks, which can be used to retrieve things or people from the sea, such as in a man overboard incident.

Recreational boating has become one of the most popular leisure activities throughout the years. Fishing, kayaking, water skiing, canoeing, and other recreational activities are becoming increasingly popular among boat enthusiasts.

Growing interest in marine leisure sports and activities, particularly among younger age groups, is hastening boat adoption. This is expected to propel the demand for boat hooks.

Customers’ disposable money has increased, and their interest in maritime tourism and leisure activities such as sailing, power boating, yachting, and others has increased significantly in recent years. In addition, adventure tourism is rapidly expanding, and cruise adventures are feeling the effects.

Furthermore, many cruise companies are investing in land-based private islands, allowing them to provide clients with exclusive beach time as an add-on to their aboard experience. This will boost the demand for boat hook.

The natural landscapes of countries with a sea/ocean as a boundary attract a large number of international tourists each year, particularly from the affluent class.

These countries are also popular choices for some promotional events and gatherings that require the use of luxury vessels.

Furthermore, favorable government initiatives and water tourism awareness programs aimed at promoting marine tourism are opening up a plethora of potential for the recreational boating sector which in turn is growing the demand.

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US and Canada Demand Outlook of Boat Hook

Retail unit sales of new powerboats grew 4% in 2019, according to the National Marine Manufacturers Association (NMMA), which includes recreational boat, motor, and marine equipment manufacturers across the United States.

Furthermore, the region’s fast increasing tourism industry has resulted in a growth in recreational and leisure boating activities such as boat racing and water sport games, which has bolstered the region’s outlook.

Europe Boat Hook Sales Outlook

Over the predicted period, Europe is expected to grow at the fastest rate. The regional market is expected to develop because to rising demand for recreational boats in nations such as the United Kingdom, France, Germany, Italy, and Spain.

The area market is expected to rise due to an increase in persons participating in recreational boating activities. In addition, the growing number of recreational boating events and trade exhibits sponsored by manufacturers are aiding the market’s expansion in Europe.

The European boating industry is a vibrant and competitive sector that contributes significantly to the European economy.

Boat builders, engine makers, equipment manufacturers, trade and service providers make up the whole industry, which has around 32,000 enterprises and employs over 280,000 people directly.

Some of the leading manufacturers and suppliers include

Davis Instruments,
Shurhold Industries,
SwiTec,
Henssgen Hardware,
Samco Sales, Inc.,
Shang Hai Orange Metal Products Co., Ltd.,
DEYUAN MARINE CO., LTD.
, Decorstainless International Co., Ltd.
Zhenjiang Longyear Marine Equipment Co., Ltd.,
Lexco Cable Manufacturers,
Wichard, Inc.,
C. Sherman Johnson Co., Inc.,
Batz Corporation and others.

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Key Segments

By Material Type:

Stainless Steel
Copper
Plastic

By End-Use:

Logistics
Transport

By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
South Asia (India, ASEAN, Rest of South Asia)
East Asia (China , Japan, South Korea)
Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

Boat Hook Market Report Highlight:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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PS Containers Market moving ahead with a CAGR of 8% during the forecast period 2022-2032

The PS containers market forecasted to register 8% CAGR during forecast period (2022-2032) and is projected to reach US$ 2.81 Billion 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 PS Containers Market over the Assessment Period 2022-2032.

A detailed study on PS containers 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 PS containers 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 PS containers in the coming 10-years.

PS containers are manufactured from finest quality foamed polystyrene which can turn into a multitude of shapes and configurations. PS Containers have excellent insulation properties and good thermal resistance making them highly suitable for packaging of both hot and cold foods.

Hot food packed in PS containers will stay warm and cold food will stay cold for a longer time. Hence, PS containers are widely used in the foodservice industry. PS containers are accessible in various product types such as bottles, jars, plates & bowls, trays, blisters & clamshell, and others.

Key PS Containers Market Takeaways and Projections

The U.S. is expected to lead the North america PS containers 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 PS containers 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 PS containers market. Some of the prominent market players are Tray-Pak Corporation, Alpha Packaging, Genpak, LLC, Sabert Corporation, Tecnowerk Plast SRL, Takween Advanced Industries, Alpha Packaging, TYH CONTAINER Enterprise Co., Ltd., Tekni-Plex, Dart Container Corporation.

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Key Segments Profiled in the PS Containers Market Survey

By Product:

Bottles
Jars
Plates & Bowls
Trays
Blisters & Clamshell
Others

By Application:

Food
Bakery & Confectionery
Deli
Produce
Foodservice
Frozen Food
Medical
Medical Device
Pharmaceuticals
Electricals & Electronics
Cosmetics & Personal care
Consumer Goods
Others

Personal Watercraft Market – Future Scenario, Key Insights, Top Companies 2032

The personal watercraft market size is anticipated to grow at a moderate CAGR of 6% during 2022-2032.

With stringent emission regulations, the personal watercraft manufacturers are focusing on developing technologically advanced personal watercraft, which cause less pollution.

Have been equippith two stroke engines, but with changing technology, the personal watercrafts are now poweed wSince the personal watercrafts were invented, these hared with state-of-the-art four stroke engines. Such personal watercraft boats are extensively used for sports and leisure activities.

Moreover, the personal watercraft market is anticipated to further augment over the assessment period owing to increase in leisure spending and increasing demand of personal watercraft for utilization in sports. Multi-passenger personal watercraft are trending in the market. Due to this, personal watercraft manufacturers have focused their designs on today’s consumer base, i.e. families, thus continuing to manufacture more of three person models.

Their increasing demand will further drive the anticipated growth of the personal watercraft market over the assessment period. Stringent emission norms and safety regulations derail the growth of the personal watercraft market. Owing to many speed and emission regulations, the manufacturers are investing in implementing new technologies in their products.

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This will increase the initial cost of the personal watercraft, which would have a negative impact on the sales. Moreover, apart from recreational and sports applications, personal watercraft cannot be used for transport of goods and passengers. This could further restrain the growth of the market over the assessment period.

What is the Regional Outlook of the Personal Watercraft Market?

“Personal watercraft (PWC) definitions vary by state, although they are commonly defined as a vessel with an inboard motor driving a water jet pump as its principal source of propulsion.”

North America is anticipated to hold a significant market share in the global personal watercraft market, owing to the presence of many original equipment manufacturers and anticipated increase in demand for personal watercraft in the said region. The European personal watercraft market is driven by increasing investment in sports and recreation.

Moreover, growing tourism in developing economies of the Asia-Pacific region, such as China and India, will create opportunities for the OEM’s to boost up their sales in the region. This trend is anticipated to remain the same in the MEA region, due to which the region will witness a steady growth in the sales of personal watercraft over the assessment period.

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Key Segments

By Type

Sports
Recreational
Performance
Luxury

By Seat Capacity

One seat
Two seat
Three seat
Standing

By Hull Type

Composites
Plastic

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

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Key Players:

BRP Inc.
Yamaha Motors Co., Ltd.
Kawasaki Motors Corp.
Honda Motors. Co., Ltd.
Polaris Industries
Jiujiang Poseidon Motorboat Manufacturing Co., Ltd.
Lampuga
Arctic cat Inc.
Meyer Bootswerft
SLVH s.r.o.
Hubei Sanjiang Boats Science & Technology Co., Ltd

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Automotive Cowl Screen Market is Set to Experience Revolutionary Growth by 2032

The overall size of the worldwide automotive cowl screen market is anticipated to reach US$ 451.9 Million in the year 2022 and is anticipated to develop steadily at an impressive CAGR of 8.2% from 2022 to 2032. As per the FMI automotive cowl screen market analysis report the total value of the market is predicted to reach US$ 993.8 Million by the end of this forecast year in 2032.

Further demand for automobile cowl screens is anticipated to be driven by rising small car sales and manufacturing as well as increased commercial vehicle in the automotive sector. As per the ACEA estimates in the year 2021, about 9.9 million passenger automobiles were produced in the European Union, a decrease of 7.7% from 2020.

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One of the key elements that is anticipated to support the need for automobile cowl screens throughout Europe is the existence of major automotive parts manufacturers in the countries of Germany, Italy, and the UK. While, the U.S. and Canada have an established automotive sector and a pressing demand for driver and passenger safety measures, which is anticipated to grow the sales of automobile cowl screens in the regional markets.

Additionally, the market is projected to grow as a result of the accessibility of items at reasonable prices, particularly in the markets of emerging economies. Increasing manufacture of affordable HVAC systems and expanding use of environmentally friendly refrigerants are two additional significant aspects that are predicted to propel the expansion of the target market.

Another of the key reasons expected to drive the sales of automotive cowl screen in the global market in the future years is the rising demand for second-hand or pre-owned automotive sector in both established and emerging nations. As a result of the sales of items that have been modified or reconditioned, numerous major companies are starting to supply car components such as automobile cowl screens in the aftermarket for augmenting their brand name.

Key Takeaways from Automotive Cowl Screen Market Study

The overall growth of the global automotive cowl screen market is estimated to be around US$ 542 Million over the forecast years through 2032, by experiencing the astounding CAGR of 8.2%.
In terms of geography, North America, with the highest proportion of car owners, is expected to continue to lead by holding the greatest market share for car cowl screens.
According to projections, Europe will continue to have the second-largest share throughout the ensuing years.

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Competitive Landscape for the Global Automotive Cowl Screen Market

In terms of global demand, Valeo, Bright Brothers Ltd., RESTOPARTS, Alsons Group, Dorman Products, Original Equipment Reproduction, and Sherman & Associates Inc. are a few of the well-known firms competing in the worldwide automobile cowl screen industry.

By using a variety of organic and inorganic tactics, the bulk of the big companies hope to increase their sales channels and diversify their product portfolios. To acquire a competitive advantage in the global marketplace, automobile cowl screens market key players are primarily concentrating on alliances, contracts, and joint ventures. While this is going on, a few new significant businesses are working to develop better goods for the automobile sector.

Key Segments Profiled in the Automotive Cowl Screen Industry Survey

By Vehicle Type:

Passenger Cars
Compact Cars
Mid-Sized Cars
Luxury Cars
SUVs
Commercial Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)

By Material Type:

Fiberglass Automotive Cowl Screen
Carbon Fiber Automotive Cowl Screen
Polymer Automotive Cowl Screen
Aluminum Automotive Cowl Screen
Stainless Steel Automotive Cowl Screen

By Sales Channel:

OEMs
Aftermarket

By Region:

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

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Recent Developments in the Global Automotive Cowl Screen Market:

Today’s major players are concentrating more on the creation of innovative materials to give cars a better look making the demand for car cowl screens a trending product instead of a necessity. Secondly, porous and air permeable materials are typically used to cover vehicle cowl screens, which aid in avoiding the flow of rain water and moisture.

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