Automated Fingerprint Identification System (AFIS) Market 2022 Key Players, End User, Demand and Consumption by 2032

The Global Automated Fingerprint Identification System Market was valued at US$ 10.3 Bn in 2021 and is expected to reach US$ 85 Bn by 2032, finds Future Market Insights in a recent market survey. As per the findings of the report, it is projected that revenue through the Software segment in the Automated Fingerprint Identification System Market will grow at 21% CAGR during the forecast period.

The fingerprint pattern-matching algorithm of software enables it to run significantly faster and more accurate searches of prints held in databases for research purposes in real-time at organizations like the FBI, CBI, and DAE. Traxler asserts that whereas the older Automated Fingerprint Identification System was only about 92.0% accurate in matching fingerprint patterns, the more recent Automated Fingerprint Identification System has been benchmarked for at least 99.0% accuracy. The sophisticated Automated Fingerprint Identification System is now in use at important institutions around the world.

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North America will see continued revenue growth in the Automated Fingerprint Identification System Market throughout the Analysis Period

In terms of revenue, North America dominated the Automated Fingerprint Identification System (AFIS) market. This trend is anticipated to continue throughout the projection period due to the early adoption of the technology and the presence of prominent Automated Fingerprint Identification System manufacturers in the area. The market is also anticipated to expand as a result of increased usage in the BFSI, retail, and educational sectors. The market for AFIS technology for criminal identification in North America is being driven by organizations like the Federal Bureau of Prisons, U.S. Customs and Border Protection (CBP), and the Federal Bureau of Investigation (FBI), among others.

“The manufacturer of AFIS has to keep bringing more reliability and interoperability among different products which will create ample growth opportunities for the market” comments an analyst at Future Market Insights.

Automated Fingerprint Identification System Market: Competition Insights

Automated Fingerprint Identification System manufacturing companies are largely aiming for mergers/partnerships and launching new products that cater to different domains. The key companies operating in the Automated Fingerprint Identification System Market  Include Biometrics4ALL Inc., Suprema, Gemalto NV, Crossmatch (HID Global), DERMALOG Identification Systems GmbH, among others.

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Some of the recent developments by key providers of the Automated Fingerprint Identification System Market are as follows:

  • In May 2022, According to NRK, Norway aims to replace the digital ID authentication platform BankID with new apps that will require users to log in and access banking services online using face or fingerprint biometrics, as well as passwords or PINs in some situations.
  • In May 2022, Fingerprint Cards, a leading biometrics company announced a partnership with Transcorp and Mswipe to bring contactless biometric payment cards to India.
  • In March 2022, Suprema launched a new generation of access control products that focuses heavily on contactless solutions. The star of Suprema’s exhibit was BioStation 3, an all-in-one access control solution that provides multiple credential options from facial recognition and mobile access to QR codes, barcodes, and RFID cards. BioStation 3 will be released in the second half of the year.
  • In November 2021 – Suprema, announced the successful integration of its biometric access control products with Genetec Security Center, a unified security platform that connects security systems, sensors, and data in a single intuitive interface.
  • In November 2019, FingerID announced the launch of an artificial intelligence-enabled automated fingerprint identification system (AFIS) which provides accurate results in investigating criminals and fingerprint identification in immigration services.

Similarly, recent developments related to companies providing services for Automated Fingerprint Identification System Market have been tracked by the team at Future Market Insights, which is available in the full report.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Automated Fingerprint Identification System Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Automated Fingerprint Identification System Market in terms of Component (Hardware, Software, and Service), End-use (Banking & Finance, Consumer Electronics, Defence & Security, Government, Healthcare, Transport/Logistics, Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & 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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Cancer Tissue Diagnostics Market will expand at a healthy CAGR of 8.3% during the forecast period by 2031

A recent study conducted by Future Market Insights (FMI) reveals that the global cancer tissue diagnostics market, which is currently valued at over US$ 4345 Mn, will expand at a healthy CAGR of 8.3% during the forecast period (2021-2031). During these ten years of the forecast, the global demand for cancer tissue diagnostics is expected to grow by leaps and bounds as diagnostic technologies will continue to get more efficient and credible.

FMI’s report titled “Cancer Tissue Diagnostics Market: Global Industry Analysis and Opportunity Assessment 2016–2026 ” also cites that North America represents the most lucrative market for cancer tissue diagnostics, followed by Europe and APAC. In 2016, North America accounted for more than 36% share of the global market. The cancer tissue diagnostics market in this region is expected to reach a valuation of US$ 4,017.7 Mn towards the end of 2026.

This growth is primarily attributed to factors such as the constantly extending list of cancer biomarkers and the presence of advance healthcare infrastructures in the region. Meanwhile, Asia Pacific excluding Japan (APEJ) is also anticipated to witness a strong growth of its market over the next couple of years. By 2026-end, the region’s market is expected to reach US$ 1,107.7 Mn in terms of revenue.

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The report further projects that in situ hybridization will continue to be the leading cancer tissue diagnostics type. In terms of revenue, in situ hybridization tests are projected to account for the largest share of the market during the assessment period. Cases of breast cancer have been quite high amongst all the cancers type of late. Hence, procedures for breast cancer diagnostics are expected to remain relatively higher than for other cancer types in 2017 and beyond.

Key Factors Boosting the Global Cancer Tissue Diagnostics Market Include:

  • Inclusion of cancer screening tests in national cancer screening programs in various countries.
  • Havier discretionary funding for cancer research that is resulting in the development of more efficient diagnostic procedures.
  • Arrival of revolutionary second and third -generation diagnostics platforms that are quickly gaining popularity in the market.
  • Novelty in imaging techniques and availability of affordable diagnostics.

Abbott Laboratories, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Ventana Medical Systems, Inc, Bio Rad Laboratories Inc., Enzo Life Sciences, Inc., Abcam plc., BioGenex, Cell Signaling Technology, Inc., Agilent Technologies, Inc., PerkinElmer Inc. are some of the prominent companies operating in the global market for cancer tissue diagnostics.

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Many of these market players are implementing merger and acquisition strategies to increase their market presence. Furthermore, cancer diagnostic assay kits developers, instrument manufacturers and technology license providers are also partnering with each other in order to increase their consumer base.

Cancer Tissue Diagnostics Market – Segmentation by Category

Test Type:

  • Immunohistochemical (IHC) Test
    • Breast Cancer
    • Stomach (Gastric) Cancer
    • Colorectal Cancer
    • Prostate Cancer
    • Others
  • In Situ Hybridization (ISH) Test
    • Breast cancer
    • Non-Small Cell Lung Cancer (NSCLC)
    • Bladder Cancer
    • Others

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Region:

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

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Varicose Vein Treatment Market is likely to secure a CAGR of 6.2% during forecast period by 2032

Future Market Insights recently conducted its forecast study on the global market for varicose vein treatments, estimating the market’s current value at just over US$ 500 Mn. The report, titled “Varicose Vein Treatment Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” projects that rising prevalence of obesity will fuel the incidence rate of varicose veins in the world. Occurrence of varicose vein is medically-proven to be higher among obese people.

Along with this, the demand for varicose vein treatments is also expected to grow on the account of effectiveness of the treatments, utilisation of user-friendly devices, and growing emphasis of medical practitioners on ensuring patient safety during critical treatment of varicose veins. Towards the end of 2026, the global market for varicose vein treatment will have reached value of US$ 931.4 Mn, registering a robust growth at 6.4% CAGR.

Unattended varicose veins can cause one severe pain through swelling, ulceration, venous eczema, and lipodermatosclerosis. Treating them through appropriate measures becomes quite crucial. One may opt for non-surgical remedies such as sclerotherapy, leg elevation, or alternative invasive techniques such as endovenous laser treatments. Collectively, these therapies can be addressed as varicose vein treatments, medically-practiced in all parts of the world. The demand for such varicose vein treatments is expected to grow in the years to come.

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Varicose Vein Treatments: Market Opportunities

Backed with strong clinical evidence, endovenous laser ablation devices are more popular to treat varicose veins. However, compared to other procedures such as foam fillers, vein stripping costs, and blast with electricity, endscopic variceal ligation (EVL) is a costlier treatment alternative. Launch of cost-effective EVL devices will work as a favourable opportunity for new entrants as well as existing players in the market. Decreasing the procedure costs and enhancing the adoption of affordable devices will cumulatively boost the adoption of varicose vein treatments.

Among the wide variety of endovenous laser ablation devices available in the market, some of them may lead to complications such as thrombophlebitis, nerve damage, burns and deep vein thrombosis conditions. There is a potential opportunity for endovenous laser ablation device manufacturers to tap the larger market by offering competitive products that cause lesser complications.

APEJ Varicose Vein Treatment Market to Record Speedy Growth

Apropos the report, more than 40% of the market revenues will remain concentrated in North America, throughout the forecast period. By 2026-end, North America’s varicose vein treatment market will have reached a value of US$ 420 Mn. US-based AngioDynamics, Inc. will be observed as a key player in the market during this period. In terms of revenue growth, the varicose vein treatment market in Asia-Pacific excluding Japan (APEJ) region is projected to be at the forefront.

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By exhibiting 7% CAGR, the APEJ varicose vein treatment market will witness active participation of Korean medical device manufacturer, Wontech Co., Ltd. Apart from these, Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical, Energist Ltd. and intros Medical Laser GmbH are other companies partaking in the growth of global varicose vein treatment market.

The report further reveals that hospitals and ambulatory surgical centres as end-users will account for larger share of global revenues, while specialised clinics will register fastest revenue growth at 7.2% CAGR. The report also identifies endovenous laser treatment as the dominant varicose vein treatment in the market, procuring revenues worth over US$ 500 Mn by end of 2026.

Market TaxonomyBy End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialised Clinics

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By Treatment Type

  • Endovenous Laser Systems
    • Diode Lasers
    • Yag Lasers
  • Endovenous Laser Fibres
    • Bare Tip Laser Fibres
    • Radial Tip Laser Fibres
    • Gold Tip Laser Fibres
  • Treatment
    • Non-thermal Ablation
    • Radiofrequency Ablation
    • Sclerotherapy

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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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Surgical Stapling Devices Market is expected to reach US$ 6.2 Billion during the forecast period by 2031

According to Future Market Insights, the global demand for surgical stapling devices is propelling along with the world’s rising geriatric population. Lesser time consumed by surgical stapling devices for closing wounds, and the accuracy & precision of these devices is favouring their adoption for treating wounds of aged patients. In 2022, close to US$ 2,000 Mn worth of surgical stapling devices were sold in the world. The report projects that these revenues will be doubled by the end of 2031, projecting that the global surgical stapling devices market will soar steadily at 8.4% CAGR.

With deployment of advanced technologies, medical practitioners will keep adopting specialised devices that facilitate specific surgical operations in medical procedures. Rising number of invasive surgeries has necessitated the need for improved devices for wound management. And, surgical staples have effectively replaced sutures for closing wounds during such procedures.

Future Market Insights recently published its report on the global market for surgical stapling devices, the highlights from which indicate that rising number of laparoscopic surgeries performed across the globe have triggered the use of surgical stapling devices.

In the report, titled “Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” North America has been identified as the largest market for surgical stapling devices. By the end of forecast period, more than US$ 1,000 Mn revenues will be solely attributed by North America’s surgical stapling devices market.

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Advanced healthcare infrastructure in Western Europe has facilitated the region’s surgical stapling devices market, which will register a value CAGR of 7.9% through 2031. Although, fastest consumption of surgical stapling devices will be witnessed in the Asia-Pacific excluding Japan (APEJ) region. The APEJ surgical stapling devices market is expected to soar at the highest CAGR of 8.6%. 

Leading Manufacturers of Surgical Stapling Devices:

  • Medtronic plc
  • Grena Ltd.
  • Purple Surgical Holdings Limited
  • Dextera Surgical Inc.
  • Johnson & Johnson Services, Inc.
  • 3M Company
  • Meril Life Sciences Pvt. Ltd.

The report reveals that hospitals will remain the largest end-users of surgical stapling devices in the world – accounting for more than 60% of global revenues. Meanwhile, the demand for surgical stapling devices will also gain traction in ambulatory surgical centres. Key findings in the report indicate that powered surgical stapling devices worth US$ 1,182 Mn were sold globally in 2016, while the demand for manual surgical stapling products is anticipated to incur a downtrend in the years to come.

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Throughout the forecast period, six out of ten surgical stapling devices sold in the world are likely to be disposable, while revenues from reusable surgical stapling products will be growing at a sluggish rate. Preference to curved surgical stapling is also on a rise, revenues from which are expected to soar impressively at 9% CAGR.

Dermatological surgeries will undoubtedly require greater number of surgical stapling devices. The report estimates that in 2016, nearly US$ 600 million revenues were amassed from the sales of surgical stapling devices in treatment of skin-related surgical wounds. The use of advanced surgical stapling devices is also expected to gain momentum for closing dissected or ruptured blood vessels during surgeries. Wounds situated in the patient’s digestive tract are also being treated by surgical stapling, and by the end of 2026, around US$ 665 million worth of devices will be consumed for such treatments.

We have segmented the global surgical stapling devices market into six sections. They are as follows:
By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Others

By Stapling Type

  • Straight
  • Curved
  • Circular

By Usage Type

  • Disposable Surgical Stapling Devices
  • Reusable Surgical Stapling Devices

By Indication

  • Skin
  • Digestive Tract
  • Blood Vessels
  • Hernia
  • Lungs
  • Others

By Product

  • Powered Surgical Stapling Devices
  • Manual Surgical Stapling Devices

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 9-years.

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Widefield Imaging Systems Market to rise at 8.6% CAGR during forecast period by 2031

According to a recent study by Future Market Insights (FMI), the global widefield imaging systems market is expected to register high growth during the forecast period. The market is expected to grow from US$ 556.9 Mn in 2021 to over US$ 1.3 Bn by 2031. It is expected register a CAGR of around 8.6% over the forecast period (2021-2031).

Significant rise in cases of diabetic retinopathy is expected to propel the growth of the global widefield imaging systems market during the forecast period.  Widefield retinal imaging includes imaging of peripheral retina that is the main site of various ocular diseases.

Widefield imaging aids in diagnosis of peripheral retina diseases. Occurrence of eye diseases like vision impairment is rising among teenagers. Increasing usage of mobile phones and computers results into digital eye strain, and is mainly responsible for visual impairment among teenagers.

As per the Centers for Disease Control and Prevention, in 2020, approximately 6.8% of children below 18 years have been detected with vision and eye condition in the United States.

Increasing technological awareness and high focus on healthcare innovations are some of the factors encouraging the adoption of these instruments. Additionally, certain companies, as a part of their product strategies, are launching technologically advanced equipment, to consolidate larger market share.

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Government funding towards expansion of healthcare infrastructure will support growth in developing countries. Moreover, corporate contracts based on rent-to-own model is a feasible option in emerging economies such as India and Brazil which could create significant opportunities for manufacturers of widefield imaging systems to capitalize on.

Key Takeaways From Widefield Imaging Systems Market Study

  • Widefield imaging instruments will account for 80% sales in the global market in 2021 of.
  • Diabetic retinopathy is the most rapidly growing segment by indication, accounting for nearly 1/3rd of the market share.
  • Standalone type of modality will remain highly preferred, contributing 56.4% towards overall sales in the market in 2021.
  • Demand in hospitals accounted for 40.2% of widefield imaging systems sales in 2020.
  • North America will remain the dominant widefield imaging systems market globally, exhibiting a CAGR of nearly 8.6% between 2021 and 2031.

“Growing prevalence of diabetic retinopathy, technological advancements in imaging techniques, and favorable government policies are expected to drive the widefield imaging systems market over the decade,” says the FMI Analyst

Who Is Winning?

The key market players covered by FMI include Heidelberg Engineering GmbH, Visunex Medical Systems, Inc., Carl Zeiss Meditec AG, Clarity Medical Systems, Inc. Optos plc, and Centervue SpA.

The leading manufacturers of widefield imaging systems are focusing on new product development and launch of advanced versions of existing devices. Their aim is primarily to expand their portfolio to gain competitive edge. For instance:

  • In March 2020, Heidelberg Engineering announced the reintroduction of its HRT3 Rostock Cornea Module (RCM) to offer in vivo corneal confocal microscopy in its anterior segment product portfolio, supporting cornea specialists worldwide to further improve patient care.
  •  In August 2020, ZEISS announces new software for the IOLMaster® 700, with enhanced features and connectivity designed to improve the cataract surgeons’ workflow efficiency and support better outcomes for surgeons and patients.

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Want More Insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global widefield imaging systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on widefield imaging systems segment based on component (instrument and software {image viewing software and data analysis and interpretation software}), indication (diabetic retinopathy, retinopathy of prematurity, pediatric retinal diseases, retinal vein occlusion, ocular oncology, uveitis, chorioretinal disease, glaucoma and others), modality (standalone and portable)  and end user (specialty clinics, hospitals and ambulatory surgical centers) across seven major regions.

Widefield Imaging Systems Market By Category By Component:

  • Instrument
  • Software
    • Image Viewing Software
    • Data Analysis and Interpretation Software

By Indication:

  • Diabetic Retinopathy
  • Retinopathy of Prematurity
  • Pediatric Retinal Diseases
  • Retinal Vein Occlusion
  • Ocular Oncology
  • Uveitis
  • Chorioretinal Disease
  • Glaucoma
  • Others

By Modality:

  • Standalone
  • Portable

By End User:

  • Specialty Clinics
  • Hospitals
  • Ambulatory Surgical Centers

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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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Radio Frequency Beauty Equipment Market are expanding at a CAGR of 16.0% during the forecast period by 2026

Soaring demand for radio frequency beauty equipment is growing on account of higher acceptance of emerging technologies that act as effective alternatives to conventional methods. Global production of radio frequency beauty equipment is anticipated to skyrocket since their demand has been ascending rampantly in both developed and developing markets.

In North America, top-grossing industries such as fashion, film and television continue to necessitate the use of complex beauty equipment and devices for enhancing the consumer’s semblance. According to a recent study conducted by Future Market Insights, the radio frequency beauty equipment revenues in North America will account for over 35% revenue share of the market throughout the forecast period.

Future Market Insights’ report titled “Radio Frequency Beauty Equipment Market: Global Industry Analysis & Opportunity Assessment, 2016-2026” estimates that the global market for radio frequency beauty equipment, currently valued at US$ 154.6 million, will expand at a robust CAGR of 16.00% and garner US$ 643.9 million in revenues over the forecast period of 2016-2026. The report predicts that the radio frequency beauty equipment market in the Asia Pacific excluding Japan (APEJ) region will expand at the highest CAGR of 20.4%, while Japan will gain revenues worth US$ 40 million by the end of 2026.

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Competitive Landscape

Catering to the rising demand for non-invasive beauty treatments, several medical device manufacturers have instated production of radio frequency beauty equipment on a large scale. Rectifying equipment-related complications arising during treatment procedures and reducing the volatile costs of manufacturing remains a top priority for key players in the global radio frequency beauty equipment market.

Cynosure Inc. and Lumenis are among the leading players collectively accounting for three-fourth revenue share of the global market. Strategic acquisitions and product launch are some common business strategies for Syneron Medical Ltd., Alma Lasers, and Valeant Pharmaceutical International, Inc. Other prominent players participating in the growth of the global radio frequency beauty equipment market include Cymedics, IBRAMED, Guangzhou Beautylife Electronic Technology Co. Ltd., and Dermeo.

Surging Demand for Portable Radio Frequency Beauty Equipment

A market share analysis on different types of products – table top devices, trolley mounted devices and portable devices – has estimated that trolley mounted devices will attain the highest value share of the global market for radio frequency beauty equipment through 2026. Nevertheless, trolley mounted radio frequency equipment is anticipated to incur a considerable dip over the forecast period and account for 49% of the market by 2026 end, which will be nearly 6% lesser than the present value share of the segment.

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While the value share of table top devices in the global market won’t be severely affected throughout the projection tenure, the demand for portable devices, on the other hand, is expected to soar at an impressive pace. By the end of 2026, revenues procured from global sales of portable radio frequency beauty devices are projected to surpass over US$ 135 million, registering increment at fastest CAGR of 19.1%.

Key Research Findings on Global Radio Frequency Beauty Equipment Market

  • Scars attained from invasive cosmetic surgeries are compelling consumers towards non-invasive procedures performed with radio frequency beauty equipment
  • Skin treatment & body contouring – two prominent applications for radio frequency beauty equipment, will account for nearly 90% value share of the global market by 2026
  • Based on technologies, equipment incorporating a combination of IPL and RF technologies will garner more demand, while the dominant segment of bipolar RF technology will rake in nearly US$ 200 million in revenue by the end of the forecast period
  • Compared to home care settings, beauty care centres will go on to be the largest end-users of radio frequency beauty equipment in 2016 and beyond
  • Serious complications arising from extensive exposure to radio frequency beauty equipment is raising concerns among market participants and end-users.

Global radio frequency beauty equipment market segmentation

By Product Type

  • Table Top
  • Trolley Mounted
  • Portable

By Technology

  • Mono-Polar Frequency
  • Bio-Polar Radio Frequency
  • Multi-Polar Radio Frequency
  • Fractional Radio Frequency

By Application

  • Skin Treatment
    • Skin Reconstruction
    • Scar Removal
    • Non-Surgical Skin Tightening
    • Facial Repair
  • Body Contouring
    • Liposuction
    • Cellulite Reduction
    • Non-Surgical Fat Reduction
    • Collagen Stimulation and Generation
  • Hair Removal
  • Others

By End User

  • Beauty Care Centre
  • Home Care Settings

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About FMI:

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

Contact:

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North America and Europe Dermal Filler Market is projected to exhibit 2.9% CAGR during the forecast period by 2031

Dermal fillers are implants classified as medical devices by US FDA and are used in aesthetic procedures such as anti-aging, aesthetic corrections and facial contours. Dermal fillers are used for anti-aging practices for removal of wrinkles and folds in nasolabila, volume loss in chin and cheek area, lines and wrinkles around eye. Dermal fillers considered in the report include absorbable dermal fillers and non-absorbable dermal fillers depending upon their bio-degradability after injecting inside the dermal area below skin.

Based on the material used, there are five types of dermal fillers considered in the report which include hyaluronic acid (HA) based, poly-l-lactic acid (PLLA) based, calcium hydroxylapatite (CaHA) based, collagen based and polymethylmethacrylate (PMMA) based. Among those five types considered first four are absorbable while PMMA is non-absorbable.

All the absorbable fillers are ingredients naturally present in the body and hence get broken down after certain period of time (3 to 24 months). The absorbable fillers may be animal derived, plant derived, bacteria derived or chemically derived. The non-absorbable fillers are chemically derived and last for up to five years. The quantity required for achieving the desired result varies, depending on type of filler and application area.

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In terms of revenue, the North America and Europe dermal filler market is projected to register a CAGR of 6.4% during the forecast period and is expected to be valued at US$ 2,800.4 Mn by the end of 2026.

Rising demand for non-invasive aesthetic procedures and an increasing ageing population is driving the growth of the North America and Europe dermal filler market

Growth of North America and Europe dermal filler market is primarily driven by reasons such as aging population, increasing expenditure by public and private sources on healthcare, rising demand for non-invasive aesthetic procedures, introduction of novel application areas beside anti-aging like treatment of HIV induced facial lipoatrophy and enhancement of dorsal area of hand are expected to drive the North America and Europe dermal filler market.

However, higher cost associated with the dermal filler procedure, patch up or reinjection needed for achieving the desired facial rejuvenation for absorbable dermal fillers and some post procedure complications associated with dermal fillers like bruising, redness and granulation are some factors expected to hamper growth of the North America and Europe dermal filler market over the forecast period.

Absorbable dermal filler product type segment dominated the North America and Europe dermal filler market in 2015

Absorbable filler product type segment is expected to witness relatively higher growth in terms of value in the North America and Europe dermal filler market over the forecast period.

Also, in terms of revenue share, absorbable dermal filler product type segment dominated the North America and Europe dermal filler market in 2015 and is expected to continue its dominance throughout the forecast period.

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Hyaluronic acid material type segment is expected to register a high CAGR during the forecast period

In terms of revenue share, hyaluronic acid material type segment dominated the North America and Europe dermal filler market in 2015 and is expected to maintain traction by 2026 end, registering a high CAGR as compared to other segments.

Clinics and hospital pharmacies distribution segment is the most popular and has a higher revenue share

Based on distribution channel, the market is segmented into retail pharmacies and drug Stores, clinics and hospital pharmacies and online sales. Currently, clinics and hospital pharmacies distribution segment accounts for relatively higher revenue share, followed by retail pharmacies and drug stores.

North America is expected to be the dominant regional market by 2016 end

The North America and Europe dermal filler market is segmented into three major regions: North America, Western Europe and Eastern Europe. In terms of value, North America is expected to be the dominant regional market by 2016 end, and is expected to register a CAGR of 6.5% over the forecast period.

Western Europe is expected to be the fastest growing market in terms of revenue growth in the North America and Europe dermal filler market, registering a CAGR of 6.8% over the forecast period. Eastern Europe dermal filler market is expected to witness a CAGR of 5.1% over the forecasted period.

Key market players are focussing on expanding their geographic reach to enhance their market share

Some key players in the North America and Europe dermal filler market included in this report are Allergan Plc., Galderma Pharma S.A., Sinclair Pharma S.A., Anika Therapeutics Inc., Merz Pharma GmbH & Co. KGaA, Suneva Medical Inc., Teoxane Laboratories Inc., Prollenium Medical Technologies Inc., Laboratoires Vivacy S.A., Adoderm GmbH. Key players are focusing on establishing distribution agreements to increase their geographic reach. Moreover, companies are targeting small and local manufacturers of dermal fillers to increase their product portfolio and strengthen their geographic footprint.

Also, new applications such as fillers for enhancement of dorsal area of hand and paralysed vocal cords treatment are influencing companies to adopt new strategies to enhance market share. The top companies dominating the North America dermal filler market are Allergan Plc., Galderma S.A, and Merz Pharma GmbH & Co. KGaA, who collectively contribute around 85% of the market.

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Key Segments

Product:

  • Absorbable
  • Non-Absorbable

Ingredient:

  • Hyaluronic Acid
  • Poly-L-Lactic Acid
  • Calcium Hydroxylapatite
  • Polymethyl methacrylate
  • Collagen

Application:

  • Aesthetic Restoration
  • Dentistry
  • Reconstructive Surgery

Distribution Channel:

  • Retail Pharmacies and Drug Stores
  • Clinics and Hospital Pharmacies
  • Online Pharmacies

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (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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Sales of Pet Grooming Products will Rise Nearly Twice Over 2022-2032 | Expected to Reach US$ 1.3 Bn in 2022

The value of pet grooming market  is expected to reach US$ 1.3 Bn in 2022 (FMI). According to the company’s most recent global pet grooming tracker, sales will increase at a solid 6.2% CAGR.

While supply shortages affected market’s capital performance in Q1 of 2020 and initial weeks of Q2 of 2020, sharp decline in consumer demand has been key factor behind sales dip. COVID-19-induced lockdowns and measures have triggered physical retail closures for extended time periods worldwide, leading to notable decline in demand.

Pet Grooming Market Size Study

  • Sales of pet grooming products will rise nearly twice over 2022-2032
  • About 6 out of 10 pet grooming products to be sold will be conditioners & shampoos
  • Majority of pet grooming products will be developed for dogs and cats
  • Economy/mid-range pet grooming products continue to generate greater total returns to shareholders
  • Market players to channelize their investments towards modern trade over following decade
  • North America and Europe will remain epicenter of growth opportunities, owing to surging trend of pet humanization

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“Retailers have to step up from economical and mid-priced pet grooming products to premium ones to encourage pet owners to spend more and experience better quality. Ensuring enhanced consumer experience in click and brick-and-mortar stores will allow pet owners to leverage both offline and online platforms,” says analyst at FMI.

COVID-19 Impact on Pet Grooming Market

While the global retail industry has taken hard hit due to COVID-19 pandemic, in particular, certain sub-categories of the industry have sustained the shockwaves, thanks to stay-at-home protocol. Among these is the pet grooming market.

New market entrants are actively looking for countercyclical categories amidst the public health crisis. Future-approved business models must include competitive pricing structure, clear value proposition, and unique delivery mechanism. In addition, stakeholders must ensure to integrate subject matter experts including, skilled pet professionals, into their advisory board to authenticate medical claims, product concepts, and lend credibility.

With more people owning pets and owners increasingly spending to improve health and lifestyle of their pets, the global pet grooming industry will experience unprecedented growth during this tough phase.

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Pet Grooming Market – Competitive Intelligence

The global pet grooming market is highly fragmented, with presence of several players joining industry competition. Market players are continuously involved in developing cutting-edge products with an aim to expand their consumer base and, in turn, ensure better margins. For instance,

  • Australia-based, Oakwood Products has rolled out assembly of pet care and grooming products in the US. The products – derived from ingredients native to Australia – are developed to keep pets’ coats professionally shiny and clean. The assembly includes nine product SKUs containing conditioners, shampoos, pet odor and stain removers, and grooming tools.
  • Atronia Innovations has developed new pet grooming device – Groomade – using cutting-edge air-touch technology. The proprietary technology ensures that any non-skilled individual can trim, comb, and groom his/her pet’s hair and fur akin to professionals. Moreover, the innovative product creates perfect cuts, is ideal for all dog breeds’ fur and coat types, and vacuums every hair strand that falls off during grooming session.

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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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Micro Robots Market Is Estimated A CAGR Of 17.45% During The Forecast Period 2022-2032

The micro robots market is estimated a CAGR of 17.45% during the forecast period, up from US$ 27 Billion in 2022 to reach the valuation of US$ 134.86 Billion by 2032.

This study is one of the most comprehensive documentation that captures all the facets of the evolving Micro Robots market.

A typical micro robot is a reprogrammable and autonomous robots toys that can observe, move, and learn in a given environment to perform a given task. The micro robots have dimensions (size) less than 1 mm and larger than 1 μm.

Moreover, micro robots are made of sub-millimeter scale components, such as micro sensors, micro actuators, and micro mechanisms, and are assembled by micro fabrication methods, which are different from conventional macro-scale machining techniques.

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With the several functional advantages such as sensing, manipulation, transport and delivery, and local heating, the micro robots are gaining traction in the market. Generally two type of micro robots including synthetic and bio-hybrid are used by various end use industries including automotive, manufacturing and healthcare among others.

Micro robots are capable of performing many critical medical tasks, such as minimally invasive diagnosis and treatment inside the human body. Also, micro robots have important applications in biological studies or bioengineering applications inside microfluidic devices, desktop micro manufacturing, and mobile sensor networks for environmental and health monitoring.

These factors are estimated to boost the demand for micro robots in the healthcare industry around the globe over the forecast period.

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Micro Robots Market: Dynamics

Increasing demand for micro robots in various micro applications such as micro assembly, micro fabrication and micro positioning is estimated to fuel the growth of global micro robots market over the assessment period. In manufacturing and fabrication industry micro robots are basically used for fabricating structures on a micro scale.

Micro robots are flexible, compact, and easily configurable and more importantly, these micro robots adapt themselves as per environmental conditions. These factors will propel the demand for micro robots in the global market. Micro robots are expected to create significant opportunities in the medical and healthcare industry, with the ability to perform perilous tasks, such as diagnosis, biopsy, and surgery.

Micro robots could be used to develop new transformative approaches for the treatment of chronic diseases such as liver disease, cancer, respiratory diseases, kidney disease, and cardiovascular disease. Owing to the increasing demand for micro robots in the medical & healthcare industry, various manufacturers are developing autonomous self-learning micro robots which in turn will accelerate the demand and affirmatively create new growth opportunities in the market.

The micro robots manufacturers are engaged in research & development activities for improving the structure and design of the micro robots systems. For biological applications, the micro robots must be small, reliable, and biocompatible. If the micro robots are being injected inside the human tissue, it should not cause any damage or infection to it. Therefore, designing such critical devices is a major challenge for micro robots manufacturers.

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Micro Robots: Regional Market Outlook

North America is expected to hold the dominant share in the global micro robots market due to the high adoption rate of autonomous technologies across the region. Apart from this, North America also has numerous manufacturers that are working towards the development of new and innovative micro robot.

Asia Pacific is expected to show the significant growth opportunities in the micro robots market due to the high demand from the pharmaceutical & healthcare industry across the region. East Asia regions is stipulated to be the attractive region for the micro robots market owing to the high adoption rate of micro robots in several applications in military and healthcare.

China is expected to show lucrative growth opportunities in the market due to heavy investments in industrial automation. Regions including Middle East Africa and Latin America are predicted to have healthy growth in the global micro robots market.

The micro robots research report presents a comprehensive assessment of the Micro robots market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The micro robots research report provides analysis and information according to market segments, such as geographies, application, and industry.

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Key Segments

By Mode:

  • Autonomous
  • Semi-Autonomous

By Material Type:

  • Bio-Hybrid
  • Synthetic

By End User:

  • Pharmaceutical Industry
  • Healthcare Industry
  • Automotive Industry
  • Manufacturing Industry
  • Military

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

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

Contact:
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Diaphragm Pumps Market Forecast To Grow At A CAGR Of 6.2% To Be Valued At US$ 8,867.0 Million From 2022 To 2032

The global diaphragm pump market is expected to be valued at US$ 4,870.0 Million in 2022, rising at a CAGR of 6.2 percent to US$ 8,867.0 Million by 2032. The increase in the development of various compact diaphragm pumps with relatively simple designs is attributed to the growth. The diaphragm pump market grew at a CAGR of 5.5 percent between 2016 and 2021.

Moreover, the operating cost of air operated double diaphragm pump is relatively higher as compared to that of conventional electric drive pumps, this is another factor that is expected to have an adverse impact on growth of diaphragm pumps market. Efficiency of larger diaphragm pumps is reported to be relatively lower. Furthermore, the problem of pulsation is also associated with diaphragm pumps, causing vibration in diaphragm pumps, thus limiting their application in certain areas.

Introduction of air operated double diaphragm pumps for transport of liquids containing large solids without utilization of electricity is expected to drive the growth of diaphragm pumps market. In many offshore drilling applications diaphragm pumps are well suited to transport toxic and corrosive fluids without leakage, this tend to promote growth of diaphragm pumps market during the forecast period.

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Diaphragm pumps mainly consist of a reciprocating diaphragm made up of rubber or other polymeric materials and check valves which control the incoming and outgoing fluid. Moreover, selection of a suitable diaphragm material according to the application is the most important factor for longer life of diaphragm pumps.

Developments in double diaphragm pumps have led to introduction of high speed and high pressure Air Operated Double Diaphragm (AODD) pumps in the market. These AODD pumps find applications in construction and chemical industries.

Diaphragm Pumps Market: Regional Outlook

Construction industry, especially in Asia Pacific region is expected to witness steady growth during the assessment period. This is thus expected to in turn drive the growth of diaphragm pumps market in Asia Pacific region. Increasing awareness about clean drinking water and increasing construction spending is expected to drive growth of diaphragm pumps market during forecast period. Anticipated steady growth in demand for oil and natural gas is expected to result in steady growth the market across developing regions of the globe.

Diaphragm Pumps Market: Key Participants

Some of the market participants identified across the value chain of the global diaphragm pumps market are:

  • Graco Inc.
  • Dover Corporation
  • Tapflo AB
  • Seepex GmbH
  • Verder Group
  • Flowserve Corporation
  • IDEX Corporation
  • Xylem Inc.
  • SPX Flow Technology AB
  • LEWA GmbH
  • Yamada Corporation
  • Ingersoll Rand Plc.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

Diaphragm Pumps Market: Segmentation

On the basis of end use industries, global Diaphragm pumps market can be segmented into:

  • Construction Industry
  • Chemicals and petrochemicals Industry
  • Pharmaceuticals Industry
  • Food and beverages industry
  • Printing and Packaging industry
  • Paper and Pulp Industry

On the basis of operation, global Diaphragm pumps market can be segmented into:

  • Single Diaphragm Pumps
  • Double Diaphragm Pumps

On the basis of Application, global Diaphragm pumps market can be segmented into:

  • Dewatering Pumps
  • Filter Press pumps
  • Fluid transfer pumps
  • Metering and dispensing Pumps

On the basis of mechanism, global Diaphragm pumps market can be segmented into:

  • Air operated
  • Electrically operated

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

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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