Ophthalmic Lasers Market is projected to increase from a valuation of US$ 884.3 Million in 2022

[294 Pages Report] Technological advancements have deeply penetrated every facet of the healthcare industry, and the ophthalmic lasers market is no exception. Over the years, ophthalmic disorders such as diabetic retinopathy, refractive errors, glaucoma, cataract and age related macular degeneration (AMD) have surged exponentially. This has accelerated demand for advanced surgical procedures.

The introduction of ophthalmic laser surgery has revolutionized ophthalmic care in unprecedented ways. Majority of these technologies are being deployed in cataract surgeries, attributed to the disorder’s widespread prevalence across all continents. Advancements such femtosecond laser surgeries have proven highly instrumental in streamlining ophthalmic procedures, offering lightning speed detection of faulty tissues.

Such reduced detection and treatment timeframes act as major growth catalysts for the global ophthalmic lasers market, which is anticipated to reach a value of US$ 1.3 Bn by 2030.

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Market Outlook:

Data Points Market Insights
market Value 2021 USD 838.4 Mn
market Value 2022 USD 884.3 Mn
market Value 2030 USD 1.3 Bn
CAGR 2022-2030 5.4%
Share of Top 5 Countries 60.4%
Key Players The key players in ophthalmic lasers market are Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, LLC, NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, and SCHWIND eye-tech-solutions GmbH & Co. KG.

Ophthalmic Lasers Market- Key Highlights

  • Ophthalmic lasers market shall expand steadily at a CAGR of 5.4% from 2022-2030
  • Cataract surgeries shall account for the majority share of the global ophthalmic lasers market
  • Femtosecond laser surgery to hold maximum sway throughout the forecast period
  • North America shall retain market hegemony, owing to increasing regulatory approvals for laser surgeries by authorities
  • Asia & Europe to contribute nearly identical revenue shares due to rise in surgeries amidst their geriatric population

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COVID-19 Impact Analysis

The novel coronavirus pandemic will have a significantly high impact on the ophthalmic lasers market. As lockdowns and curbs continue to remain enforced, the number of footfalls across ophthalmology clinics and hospitals have declined considerably. Patient care has diminished by nearly 60%, with only emergency surgeries being permitted.

With in-patient visits becoming next to impossible, ophthalmologists are resorting to telemedicine with regards to consultation and advice to patients. A slump is anticipated in refractive and premium lens surgeries across developing economies in the long-run, attributed to cash crunches experienced by individual households due to the prolonged lockdowns.

At the same time, several countries are enforcing strict social distancing protocols and hygiene practices, keeping demand for ophthalmic laser surgeries sustained. For instance, ophthalmologists in Germany have made it a protocol to test patients requiring intravitreal injections and other procedures for COVID-19. If positive, they are redirected to emergency departments, reducing chances of infection.

“Vendors in the ophthalmic lasers landscape are striving to introduce novel product lines, equipped with multi-frequency selection modes to reduce exposure to intense laser bursts, preventing healthy tissue damage,” infers the FMI analyst.

Competition Dashboard

Prominent vendors in the ophthalmic lasers market include are ZEISS International, Nidek Inc., Bausch & Lomb Inc., Abbot Laboratories Inc., SCHWIND Eye-Tech Solutions, Ziemer Ophthalmic Systems AG, Novartis AG (Alcon), LENSAR LLC., iVIS Technologies and NKT Photonics A/S. New product launches and collaborations have helped these players acquire firm footing.

In 2018, ZEISS International rolled out its VISUFIT 1000 digital 3D centration data determination and consultation platform, offering a three-dimensional facial reconstruction which enables ophthalmologists perform precise centration processes on patients.

In July 2022, SCHWIND Eye-Tech acquired CE approval for its SCHWIND ATOS femtosecond laser, permitting eye surgeons to incorporate the technology in their SmartSight refractive surgery procedures.

More Insights on the Ophthalmic Lasers Market

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2014-2021 & opportunity assessment for 2022-2030, and delivers a comprehensive assessment of the most important market dynamics. The report provides a balanced, unbiased analysis of the overall market scenario based on product type (excimer lasers and femtosecond lasers), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics), end-user (hospitals, ophthalmology clinics and ambulatory surgical centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Ophthalmic lasers market by Category

By Product :

  • Excimer Lasers
  • Femtosecond Laser

By Application :

  • Refractive Surgery
  • Cataract Surgery
  • Posterior Capsulotomy
  • Trabeculoplasty
  • Diagnostic

By End user :

  • Hospital
    • 500 Bedded+
    • 250-499 Bedded
    • Less than 250
  • Ambulatory Surgical Centers
  • Ophthalmology Clinics

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Intraosseous Infusion Devices Market is expected to reach US$ 7.9 Bn by 2031

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

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Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

Market Outlook:

Data Points Market Insights
Intraosseous Infusion Market Value 2020 US$ 3.5 Bn
Intraosseous Infusion Market Value 2031 US$ 7.9 Bn
CAGR 2021-2031 7.6%
Share of Top 5 countries 51%
Key Players Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Beckon Dickinson and Co.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients.  Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

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Key Takeaways from Intraosseous Infusion Devices Market Study

  • By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
  • By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
  • By technology, the automatic segment will account for more than 50% of the market share in 2021.
  • By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
  • By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Who is winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

  • In January 2015, Teleflex, Inc. Company acquired all common stocks of Human Medics Co., Ltd., a South Korea-based distributor of surgical and respiratory products. – This is expected to favour the distribution network of the company in South Korean market
  • In June 2015, Teleflex, Inc Company acquired certain assets of N. Stenning & Co. Pty. Ltd. – a medical device distributor and supplier based in Australia. – This is expected to support the distribution and penetration of the company’s products in Australia.

The key market players covered by FMI include

  • Pyng medical Corp.
  • Cook Medical Incorporated
  • PerSys Medical
  • Aero Healthcare
  • Teleflex, Inc.
  • Becton Dickinson and Co..

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Intraosseous Infusion Devices – Market by Category

Product:

  • B.I.G
  • FAST1
  • EZ-IO
  • FASTR
  • IO Needles
  • Others

By Route of Administration:

  • Sternum
  • Distal & Proximal Tibia
  • Distal Femur
  • Calcaneus
  • Head of Humerus

By Technology:

  • Manual
  • Automatic
    • Impact Driven
    • Power Drill

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Atopic Dermatitis Treatment Market is projected to reach US$ 7.6 Bn by 2029 | Research Report by FMI

[182 Pages Report] The global atopic dermatitis treatment market was valued ~ US$ 5.2 Bn in 2021, and is expected to increase at a CAGR of ~4.8% during the forecast period of 2022 and 2029.

A new market research report by Future Market Insights on the atopic dermatitis treatment market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the atopic dermatitis treatment market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global atopic dermatitis treatment market is projected to experience significant growth over the forecast period, due to increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.

Corticosteroids Remain the Drug of Choice

Corticosteroids are referred as the first choice of treatment for the inflammation and pain relief. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling and redness.

Around 30 corticosteroid compounds have been licensed for atopic dermatitis treatment, of which ‘hydrocortisone’ is considered as the first. In addition, increasing innovations have resulted in the advent of topical non-corticosteroids immunomodulators and target medications, for example, immunomodulators such as pimecrolimus and tacrolimus, which in turn, is likely to fuel the growth of the atopic dermatitis treatment market. Moreover, topical corticosteroids are expected to play an important roles in the atopic dermatitis treatment.

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atopic dermatitis treatment market

North America to Offer High Sales Opportunities

Growth prospects of the atopic dermatitis treatment market are likely to be high in North America over the forecast period of 2022-2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to  propel the atopic dermatitis treatment market growth. Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.

Hospital Pharmacies – The Key Distribution Channel for Atopic Dermatitis Treatment

Sales of medication for atopic dermatitis treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.

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Topical Drug Administration- A Preferred Mode

Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for atopic dermatitis treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.

Atopic Dermatitis Treatment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global atopic dermatitis treatment market. Some of the examples of key players in the global atopic dermatitis treatment market are Sanofi S.A., Galderma S.A., Allergan Plc., Novartis, Bristol-Myers Squibb, Bayer AG, Meda Pharmaceuticals Inc., Astellas Pharma, Inc., Anacor Pharmaceuticals, Inc., Regeneron Pharmaceuticals, and Valeant Pharmaceuticals International, Inc.

Atopic Dermatitis Treatment Market by Category

By Product

  • Corticosteroids
  • Calcineurin Inhibitors
  • Immunosuppressants
  • Biologic Therapy
  • PDE-4 Inhibitor
  • Antibiotics
  • Antihistamines
  • Emollients

By Indication

  • Topical
  • Oral
  • Injectable

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 By End-User

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores
  • Mail Order Pharmacies
  • Dermatology Clinics

By Region

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

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

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Collaboration Tools Market with Analysis of New Business Opportunities after Covid-19 Impact: Atlassian (Trello), Google LLC, IBM Corporation, Microsoft Corporation, Slack, Dropbox, Oracle Corporation, Smartsheet Inc, Zoho Corporation Pvt. Ltd., Hootsuite Inc., Nulab Inc., Diligent Corporation, EXo Platform, TeamViewer, Egnyte,

The market for collaboration tools was valued at about US$ 32,307 Mn in 2021 and is expected to grow at a CAGR of 11.3% to US$ 75,508 Mn by 2029. 15% or more of the market for enterprise software was comprised of collaboration solutions.

 2022 Market Value US$ 35,586 Mn
 2029 Market Value US$ 75,508 Mn
 CAGR% (2022-2029) 11.3%
 Share of Top 5 Market Players 25%

A collection of business communication technologies compiled and integrated into a single management system is known as unified communication and collaboration. The use of these technologies is anticipated to have a substantial positive impact on the market for collaboration tools. By combining various technologies and tools, such as voice, instant messaging, desktop sharing, video and audio conferencing, and cloud architects, unified communication and collaboration tools provide a seamless user experience and enable people to collaborate more successfully anywhere and on any device.

As a result, it is anticipated that the market for collaboration tools will grow at a CAGR of about 11.3% over the course of the projected year (2022-2029).

By offering cognitive intelligence-based collaboration technologies that deliver artificial intelligence, machine learning, and deep learning capabilities, key market participants can make considerable profits and enable a virtual team experience across many locations.

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Key Takeaways of Collaboration Tools Market Study

The portal and intranet platform segment is estimated to hold significant market share in the collaboration tools market during the forecast period, as these portals serve as a central hub in providing information and integrating applications for employees.

By deployment, the cloud segment is estimated to register a notable CAGR. SMEs are adopting SaaS collaboration software, which is available on subscription basis, and is flexible and scalable to requirements for a number of employees.

Asia Pacific excluding Japan is expected to dominate the global collaboration tools market, as the demand for robust collaboration for improving communication and workforce productivity is increasing across various organizations in countries such as China and India.

Growing adoption of the Bring Your Own Device (smartphones, tablets, etc.) trend in the IT & telecom industry is expected to increase the demand for collaboration tools to secure, manage, and support devices.

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Virtual Reality and Augmented Reality for Real-Time Remote Collaboration

Virtual reality and augmented reality enable real-time remote collaboration experiences for enterprises. Enterprises are using these technologies to have location-based informational services. Also, QR codes give access to people and information about the company’s products or services.

As distributed teams is becoming a norm across companies, VR and AR technologies are proving to be useful for communication among employees even though the employees are not present in the same place. Immersive boardroom experiences, cataloging body language, supporting avatars, and changing backgrounds are some features that AR and VR make possible. AR and VR allows multiuser capabilities where users can collaborate to work on product design and development in the digital world.

For instance, RealSense offers VR products that can change the background to the content of the live streamer to enhance presentations for all.

Collaboration Tools Market Outlook by Category

By Solution:

  • Platforms
    • Unified Messaging
    • Enterprise File Sharing & Synchronization
    • Portals & Intranet Platforms
    • Project Management Platforms
    • Enterprise Social Networks
  • Services
    • Integration Service
    • Technical Support
    • Consulting

By Deployment:

  • On- premise
  • Cloud

By Enterprise Size:

  • Small & Medium Enterprises
  • Large Enterprises

By Industry:

  • BFSI
  • IT & Telecom
  • Healthcare
  • Travel & Hospitality
  • Retail & e-Commerce
  • Manufacturing
  • Others

Region:

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

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More Valuable Insights on Collaboration Tools Market

FMI’s report on the collaboration tools market is segmented into four major sections – solution (platforms and services), deployment (on-premise and cloud), enterprise size (small & medium enterprises and large enterprises), industry (IT & Telecom, BFSI, healthcare, travel & hospitality, retail & e-Commerce, manufacturing, and others), and region, to help readers understand and evaluate the lucrative opportunities present in the collaboration tools market.

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

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Waste Recycling Services Market is Likely to Anticipated CAGR of 5.2% from 2022 to 2032

The global waste recycling services market with an expected CAGR of 5.2% from 2022 to 2032, the economy is predicted to increase on average.

The government initiatives towards recycling of waste products and push for reuse of waste materials. Increasing awareness towards the benefits of recycling and waste management systems among people, and the growing number of recycling manufacturers, uptake the growth of the recycling industry in the near future.

Waste recycling services have become one of the fastest growing industries. The trends have changed, and there are many technological advancements that can be performed in the recycling industry.

The waste recycling services industry faces a different set of challenges that include increasing demand and restricted supply, increasing use of natural resources to produce recycled products, and high cost involvement for producing recycled products.

On the other hand, due to unsuitable government policies for both manufacturing and reprocessing, it has caused environmental, health and safety concerns. Green trash cans are the solution for the eco-friendly solutions.

However, growing demand from the regional market and economical labor costs are expected to drive the demand for the global waste recycling services market in the near future.

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How are the Different Segments Impacting the Waste Management Services Market?

By application type, the global waste recycling services market is mainly segmented into Metallurgical, Chemical, Agriculture and Forestry, Textile, Power and Energy, and Construction Industry.

Furthermore, the waste recycling services market is further sub-segmented into Iron and Steel, Automotive Recycling, Battery Recycling, Compost & Food Waste, Computer & Electronics, Glass & Fibreglass, Liquids Oils & Chemicals, Minerals, Multi-Material Collection, Waste Paper, Scrap Plastic, Tire & Rubber, Wood Recycling, Waste Disposal & Collection, Used Collectible Items, Used Commercial Goods, Used Consumer Items, equipment.

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According to market research, the tire and rubber segment is expected to witness a 4.3% CAGR in the near future. The automotive segment has dominated the recycling services market and held over 50% of the market share. However, iron and steel is another sub-segment of metal, which is estimated to account for 53.3% of the total revenue market in the near future. This is in tribute to the substantial decline in the metal price.

Key Player:

  • Eurokey Recycling, Ltd.
  • Northstar Recycling
  • Triple M Metal LP
  • Amdahl Corporation
  • Interface, Inc.
  • Battery Council International (USA)
  • Epson, Inc.
  • Collins & Aikman
  • Xerox Corp.
  • Hewlett-Packard
  • Fetzer Vineyards
  • Zanker Road Landfill
  • Rubicon Global

Asia Pacific is expected to continue its dominance in the future due to the shift in production units from West to Asia. Asia Pacific dominated the global waste recycling services market in terms of volume, accounting for over 40% of the total market share in 2014.

Moreover, this production shift towards Asia Recycling operations is extremely dependent on production and consumption. Europe and North America accounted for 20% of the market share respectively. Japan is another prominent market for the global waste recycling services market, having constructed more than 300 waste-to-energy plants in the past few years.

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By Segmentation:

By Application:

  • Metallurgical
  • Chemical
  • Agriculture and Forestry
  • Textile
  • Power and Energy
  • Construction Industry

By Product Type:

  • Iron and steel
  • Automotive Recycling
  • Battery Recycling
  • Compost & Food Waste
  • Computer & Electronics
  • Glass & Fibreglass
  • Liquids Oils & Chemicals Minerals
  • Multi-Material Collection
  • Waste Paper
  • Scrap Plastic
  • Tire & Rubber
  • Wood Recycling
  • Waste Disposal & Collection
  • Used Collectible Items
  • Used Commercial Goods
  • Used Consumer Items
  • Equipment

By Region:

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

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

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Home Care Services Market is Slated to Grow at a CAGR of 9% during 2022-2032

Over the years, the home care services market has grown exponentially on account of demand from the baby boomers generation.

Home Care Services Market is Slated to Grow at a CAGR of 9% during 2022-2032. Most people are comfortable in their own homes and leaving their comfort zone to receive treatment or care in a facility seems like a daunting task for many.

Many elderly people who have lived their entire lives at their homes find it difficult to adjust to a new institution/facility and this is where home care services have emerged as a credible alternative.

Demand from Baby Boomers Will Fuel the Demand for Home Care Services Market

The global home care services market is projected to grow at a healthy rate through 2020. Rise in the baby boomers population around the world is projected to be the key driver for the growth of the global home care services market. Also, awareness about the benefits of receiving home care is further expected to propel the growth of this market.

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Home Care Services: Market Segmentation

Home care services can be broadly segmented into health and non-health home care. Home health care services include diagnostic and monitoring services, medical supplies, and therapeutic services. It is projected that home healthcare services market will witness a single-digit CAGR through 2020. The non-health home care services segment includes personal hygiene care and companionship services. Personal hygiene segment further includes cooking and housekeeping, grocery shopping, and bathing and grooming assistance.

Key Drivers and Regions for the Global Home Care Services Market

Asia Pacific, the U.S. And Western Europe are projected to be the key regions for the growth of the global home care services market. The burgeoning elder population in Asia Pacific, especially in densely populated countries of India and China is expected to fuel the demand for the home care services market. The easy availability of home care service providers and increase in chronic diseases are projected to be the reasons that will fuel the global home care services market. The cost effectiveness of home care services is anticipated to augur well for the growth of the home care services market in Western Europe.

Key Challenges for the Global Home Care Services Market

Lack of trained workers remains a key challenge for the growth of the global home care services market. The leading companies in the global home care services market have stringent hiring procedures and they focus on imparting the right training to their staff. However, new entrants in the market are lax about the history of the workers and they do not have the resources or the budget to train them. This remains a key challenge for the growth of the global home care services market.

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Key Players in the Global Home Care Services Market

The prominent home healthcare service provider companies are Apria Healthcare Group (U.S.), Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), and B. Braun Melsungen AG (Germany). These companies have registered their presence among the consumers and it is projected that during the forecast period, these companies will further consolidate their position.

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Domestic E-commerce Logistics Market is Anticipated to Grow to US$ 2,734.6 billion by 2032

The global e-commerce logistics market is anticipated to grow to US$ 2,734.6 billion by 2032 from an estimated US$ 531.6 billion in 2022.

From 2022 to 2032, the market is projected to record a CAGR of 17.8%, gaining momentum over the forecast period of 2022-2032. With the help of big data, retailers can better understand consumer behaviors and shopping habits and refine their e-commerce logistics strategies.

According to New Gen Apps, the built-in GPS of mobile technology will substantially increase value to existing tracking systems in the supply chain. Although technically part of the IoT, the use of GPS can also extend to RFID tags and AIDC technologies. The above factors all contribute to driving the demand for e-commerce logistics in the market.

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Key Takeaways:

  • The global e-commerce logistics market is currently valued at US$ 531.6 Billon, with a CAGR of 17.8% during the forecast period.
  • Transportation service type e-commerce logistics segment to expand at a CAGR of 17.9% during the forecast period.
  • In the U.S., the market is predicted to reach US$ 748.9 Billion while growing at a CAGR of 17.5% during the forecast period.
  • China’s market will grow at a 19.6% CAGR during the forecast period.
  • India is set to record a CAGR of 20.8% CAGR during the forecast period.Japan is expected to reach a CAGR of 18.5% during the forecast period between 2022 and 2032.

“3D printing and active RFID tracking, as well as other innovations within logistics and manufacturing, will enable shippers to stay competitive in e-commerce in the future,” says an analyst at FMI.

Competitive Landscape

Key players that have been profiled in the report are FedEx Corporation, DHL International GmbH, Gati Limited, Aramex International, Kenco Group, Inc., Clipper Logistics Plc., XPO Logistics, Inc., Agility Public Warehousing Company K.S.C.P., United Parcel Services, Inc., and Ceva Holdings LLC Innovative products and technologies will allow customers to benefit from new technologies.

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  • Pan-African investment firm Janngo Capital led the round. In December 2021, Kamioun, an e-commerce startup company that distributes products worldwide, received a US$400,000 investment. Anava Seed Fund (Flat6labs fund), Dakar Network Angels, existing business angels and new investors participated in the round. The funds will be used to expand the distribution of its products, improve operations and the solution, and add more employees in order to gain a larger customer base.
  • ShipMonk acquired Ruby Has Fulfillment, a logistics technology company and former competitor in the online fulfilment sector, in January 2022. Sources say the deal took place in November 2021 for an undisclosed sum. Adding the Canadian market to its network will allow ShipMonk to expand its reach in North America, and the company will also enter the U.K. market, where rival ShipBob has already been operating since March 2021. ShipMonk had also hinted that it plans to open a fulfillment center in continental Europe for quite a while.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global e-commerce logistics market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by Service Type (Warehousing (Mega Centers, Hubs/Delivery Centers, Returns Processing Centers) Transportation (Air/Express Delivery, Freight/Rail, Trucking/Over Road, Maritime) Others), Operational Area (Domestic, International (Cross border), and by Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America).

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Mosquito Repellent Candles Market – Natural Products Serve as Suitable Substitute for Chemicals

According to FMI analysis, more than 60% of the mosquito repellent candles market is driven by the developed countries of North America and Europe.

Increasing demand for new and innovative products containing natural ingredients is likely to give significant growth opportunities to the natural ingredient mosquito repellents candles market in the next few years.

Manufacturers operating in the market are constantly engaged in extensive research and development activities to develop safer products. Examples include conceal candles manufactured by BioSensory Inc. and Yankee Candle Company

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The fumes produced from burning the synthetic mosquito repellent candles is considered toxic after a certain extent. As a result, consumers are demanding for natural ingredient mosquito repellent candles.

The manufacturers of mosquito repellent candles are anticipated to use natural ingredients such as citronella oil, lemongrass, and basil oil. Thus, companies in the mosquito repellent candles market are hugely investing in the formulation of natural products. Therefore, mosquito repellent candles market is expected to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~8.7% between 2019 and 2027, Future Market Insights foresees moderate growth for the market.

Key Takeaways from the Mosquito Repellent Candles Market Study

  • According to the report, key market players are likely to focus on the product penetration in tropical and sub-tropical regions. Manufacturers of insect repellent products are shifting their focus toward integrated marketing communications, leveraging the reach of the internet, radio, hoardings, newspapers, billboards, and television for creating awareness about these diseases, while promoting their products.
  • SME’s have potential opportunities by developing innovative products according to regional ecosystem.
  • The Middle East and Africa (MEA) is forecast to witness high growth rates due to growing outbreaks of endemic diseases. Strengthening sales channels in the Middle East and Africa (MEA) and Asia Pacific, is anticipated to create significant expansion opportunities for players in the mosquito repellent candles market.
  • E-commerce sales channel is estimated to generate high revenue in the forecast years for the mosquito repellent candles market owing to increasing internet usage among consumers.

Global Warming to Create Huge Opportunities: According to a study from the University of Washington, global warming is estimated to increase both the number of pests and their appetite. The rising temperature due to global warming could lengthen the seasons and increase the geographic range of disease-carrying insects.

In consequence, global warming boosts the pests’ activities. On the other hand, people have high pest intolerance level. These factors are estimated to fuel the growth of mosquito repellent candles market. Companies of mosquito repellent candles are anticipated to promote their product offering as a preventive measure to prevent increasing spread of diseases years.

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Who is winning?

Some of the key players operating in the Mosquito Repellent Candles market are Gies-Kerzen GmbH, Yankee Candle Company, Diversam Comaral, Biosensory Inc., Mosquito Naturals, Bite Lite LLC, Murphy’s Naturals, Inc., Spectrum Brands, Inc., Chagrin Valley Soap & Salve Co., Coghlan’s Ltd., Just Makes Scents Candles and Gifts, UCO Gear and others.

Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are actively participating in the international and regional trade events to promote their products.

  • In 2019 Murphy’s Naturals Partnered with CompanyFirst and One Better Ventures which helped company to boost its sales through increase in the product offering.
  • In September 2017, Quantum Inc. participated in the Natural Products Expo in Baltimore, U.S. Similarly, in August 2017, the company participated in the Canadian Health Food Association’s (CHFA) exhibition to showcase its range of DEET-free insect repellents and other health care products. All these factors are consolidating the company’s position in mosquitoes repellent candles market in North America.

MOSQUITO REPELLENT CANDLES MARKET TAXONOMY

The global mosquito repellent candles market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Nature

  • Natural
  • Synthetic

End User

  • Residential
  • Commercial

Sales Channel

  • Direct Sales
  • E-commerce
  • Supermarket/Hypermarket
  • Drug Stores
  • Convenience Stores
  • Department Stores
  • Other Sales Channels

Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

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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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Demand of Natural Insect Repellent Market increases Due to Rising Fear of Mosquito-borne Diseases Aiding

The global natural insect repellent market is poised for a healthy CAGR of over 6%. Adoption of natural insect repellents continues to see an upward trend, against the toxic chemical content such as diethyltoluamide (DEET), of conventional insect repellents. During the forecast period (2019 – 2029),

The urban population is becoming more health-conscious, and people are becoming more aware of the risks of mosquito bites. Furthermore, rising awareness of the growing number of diseases caused by mosquitoes in developing countries is encouraging rural people to prioritize health and sanitation.

Depending on the environment, the types of mosquitoes present, and access to preventative methods and therapy, different mosquito-borne diseases affect different places. The impact of such disorders, however, remains prevalent. As a result, the demand for natural insect repellent solutions increases.

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Key Takeaways – Natural Insect Repellent Market Study

  • Key players are collaborating with governments to spread awareness about prevention of vector-borne diseases. It is anticipated to be a primary factor boosting the natural insect repellent market.
  • Manufacturers of natural insect repellent products are focusing on integrated marketing communications to reach out to the masses via the internet, radios, hoardings, newspapers, billboards, and televisions for generating awareness about these diseases while promoting their products.
  • Growing camping and recreational activities is fuelling the growth of sprays/aerosols segment due to its ease of use and compactness.
  • Natural insect repellent market is estimated to boom in tropical regions, characterized by climatic conditions that highly favor insect breeding activities

Companies are anticipated to invest in extensive research and development activities to develop safer products. Many other ingredients such as fennel, clove oil, thyme, and celery extract are currently being studied to include in insect repellent products. Usage of naturally sourced active ingredients would create new opportunities in the natural insect repellent market space.

MEA Emerging Highly Lucrative

According to WHO, Middle East & Africa (MEA) reports the highest number of vector-borne diseases. The region is characterized by limited medical facilities, and awareness about vector-borne diseases among consumers is poor. The government in this region is focused on improving health index of the population, inadvertently creating high growth opportunities for market players. Major players in the market are looking to cash in on first mover advantage in this highly lucrative, yet largely untapped market.

  • Natural or herb-based insect repellants are estimated to surge product penetration in tropical and sub-tropical regions.
  • Strengthening of supply chain will be an effective way to boost the Natural Insect Repellent market.

However, these leading natural insect repellent market players are profoundly impacted by a surge in illegal and unsafe products available in the market that are claimed to be natural.

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Key Segments of Natural Insect Repellent Industry SurveyNatural Insect Repellent Market by Product:

  • Sprays/Aerosols
  • Creams
  • Essential Oils
  • Liquid Vaporizers
  • Other Products

Natural Insect Repellent Market by Ingredient:

  • Oil of Lemon Eucalyptus
  • Citronella Oil
  • Catnip Oil
  • Soybean Oil
  • Other Ingredients

Natural Insect Repellent Market by Distribution Channel:

  • Online Sales of Natural Insect Repellents
  • Offline Sales of Natural Insect Repellents
    • Organized Retail
    • Unorganized Retail

Natural Insect Repellent Market by Pest Targeted:

  • Mosquitoes
  • Flies
  • Ticks
  • Others

Natural Insect Repellent Market by Region:

  • North America Natural Insect Repellent Market
  • Latin America Natural Insect Repellent Market
  • Europe Natural Insect Repellent Market
  • East Asia Natural Insect Repellent Market
  • South Asia & Pacific Natural Insect Repellent Market
  • Middle East & Africa (MEA) Natural Insect Repellent Market

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Agri Natural Enemy Pest Control Market is Anticipated to Reach USD 25.1 billion by 2029

The agri natural enemy pest control market is anticipated to reach USD 25.1 billion by 2029, at a CAGR of 5.0%, from an estimated USD 16.6 billion in 2022.

Because the product involves live organisms, the formulation of agri natural enemy pest management is more complicated. Several industry participants are developing solutions to ensure the long-term viability of agricultural natural enemy pest control products.

A significant reason revolutionizing the agri natural enemy pest control market growth is innovative product formulation to obtain the intended effect on the use of these pesticides. Companies concentrate on developing items that are long-lasting and viable.

Agricultural intensification is gaining momentum to meet the global food requirements and adapt to the rapidly changing demands. Change in land use and effects of climate change are necessitating the adoption of agri natural enemy pest control, which significantly help enhance farming systems.

The biological control of arthropods, weeds, and diseases promote the stability and diversity of agricultural communities and aid in reducing synthetic inputs. Moreover, the implementation of agri natural enemy pest control helps manage all residues of conventional pesticides with bio-pesticides. These factors are attracting consumers, thereby accelerating the growth of the agri natural enemy pest control market.

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List Of Key Players Covered in Agri Natural Enemy Pest Control Market are:

  • Ecolab, Inc.
  • Bayer
  • Syngenta
  • Cook’s Agri Natural Enemy Pest Control
  • Anticimex
  • Bayer Crop Science
  • Koppert
  • WUR
  • Marrone Bio Innovation
  • Certis USA LLC
  • Dow Chemical
  • BASF

Key Takeaways from the Agri Natural Enemy Pest Control Market Study

  • Steady demand for conventional pesticides is likely to be negatively impacted by an upsurge in the popularity of agri natural enemy pest control method.
  • As of 2017, nearly 93 countries have laid natural farming regulations. Governments are undertaking initiatives for sustainable agriculture by funding research programs that identify pests and analyze the most appropriate control agents.
  • Adoption of natural and greener products is expected to increase on pace in line with growing government’s sustainable development projects.
  • Formulations of products for long-term stability could give impetus to the agri natural enemy pest control market growth.
  • Registration of products remains a big hurdle for key players in the agri natural enemy pest control market. Market players are expected to strategize accordingly and collaborate with regulatory bodies to ease the registration process of biological products.
  • Leading players in the agri natural enemy pest control market are likely to offer not only products but also allied services.
  • As compared to developing regions, the sales of agri natural enemy pest control are projected to be higher in countries of North America, Europe, and Oceania.

“Growing consumer awareness regarding adverse effects of chemical pesticides on human health as well as the environment favors the agri natural enemy pest control market fundamentally. As today’s consumers are ready to spend more on food crops that are chemical-free or organic, manufacturers should be looking at a period of sustained demand,” says the research analyst.

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Emerging Market Players to Play a Crucial Role in Product Development

Products required for agri natural enemy pest control varies from region to region, depending upon the local biodiversity. Thus, domestic players in the agri natural enemy pest control market is likely to perform a significant role in formulating biological products that are suitable for a particular area or country, depending on their climatic conditions.

  • Many leading companies are strategizing to collaborate with local and emerging market players in the agri natural enemy pest control market.
  • Strengthening the supply chain is essential for emerging players to sustain in the intensely competitive market.

One of the vital factors for emerging players is to study the regional biodiversity and increase the effectiveness of agri natural enemy pest control products for that particular region. Thus, strategic investments in research and enhanced marketing techniques are needed to strengthen the market position. Besides, companies must focus on improving the efficiency of their products for large-scale agricultural purposes.

Global Agri Natural Enemy Pest Control Market By Category

By Application :

  • Ant Control
  • Beetle Control
  • Bird Control
  • Insects Control
  • Mosquitoes & Flies Control
  • Rat and Rodent Control

By Natural Enemy Service Type :

  • Importation
  • Augmentation
  • Conservation

By Control Agent :

  • Predators
  • Parasitoids
  • Pathogens
  • Bacteria
  • Fungi
  • Viruses
  • Oomycota
  • Competitors

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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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