Market Research Blog – Page 11526 – New Product Development

Digital Writing Instruments Market expected to reach USD 2,288.5 Mn & ~9.4% CAGR through 2022-2027

The market for digital writing instruments is predicted to reach US$ 2,288.5 Mn in value by 2027, with a CAGR of 9.4% from 2017 to 2027.

Attributes	Details
Estimated Market Value of Global Digital Writing Instruments Market by 2027	USD 2,288.5 Mn
Estimated CAGR during 2017-2027	9.4%
Estimated Market Value of North America by 2027	USD 859.6 Mn

The study includes an examination of numerous market segments as well as the demand for various items in the digital writing instruments industry. The global market for digital writing tools is anticipated to experience exponential expansion in the years to come, according to the key findings of this market research. By the end of 2027, the global market is anticipated to have grown at a CAGR of 9.4%, reaching a market value of over US$ 2,200 Mn.

The inclination for and dependence on advanced technologies among people are the main factors driving the expansion. The demand for digital writing instruments on the global market has been driven by the fact that the market for smartphones and tablets is also at an all-time high. In order to draw in more customers, the producers must fully exploit current trends and create cutting-edge writing equipment.

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Digital Writing Instruments Market: Segmental Analysis

Based on region, North America dominates the market with its expected market value of over US$ 850 Mn by the end of 2027. However, in terms of growth rate, Western Europe has emerged as the leading region with 10.2% CAGR during the forecast period.
On the basis of product type, digital pens and pencils is expected to remain a dominating segment throughout the forecast period, leaving behind digital stylus. However, digital stylus segment is also expected to witness a relatively slow yet growing demand.
On the basis of device compatibility, tablets are the current leaders with a market size of over US$ 1,400 Mn by the end of 2027. But in the coming years smartphones and PCs/laptops are the segments that would increase the demand for digital writing instruments. Smartphones is expected to grow at a CAGR of 10.9% during the forecast period.
Among various types of application in global digital writing instruments market, the digital learning market has the highest market value of over US$ 800 Mn by the end of 2027. Whereas, digital scanning and art & design is expected to register a high growth rate during the forecast period.
The segmentation based on distribution channel shows that e-commerce holds the highest market size by 2027, and retail stores is way ahead in terms of growth rate.

Digital Writing Instruments Market: Competitive Landscape

The report gives the strategic as well as development details of many key players of the global digital writing instruments market. Some of these companies, mentioned in the report are Dell Technologies, Moleskine Srl, Neo Smartpen Inc., FiftyThree, Inc., Luidia, Inc., Hewlett Packard, Lenovo Group, Acer Inc., Adonit, AsusTek Computer Inc., Apple Inc., Microsoft Corporation, Anoto Group AB, Wacom Co., Ltd. etc.

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Market Taxonomy

Weighted market segmentation is essential to garner key insights on each and every aspect. Below is a detailed market taxonomy covering various segments of the global digital writing instruments market.

By Country

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

By Product Type

Digital Pens/Pencils
Digital Styli

By Device Compatibility

PCs/Laptops
Tablets
Smartphones

By Application

Digital Scanning
Digital Learning
Art & Design
Gesture Recognition
Others

By Distribution Channel

e-Commerce
Retail Stores

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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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Portable MRI Market Size, Share, Forecast Analysis by Regions (North & Latin America, Europe, Asia, MEA)

Portable MRI Market Overview

According to the latest research by FMI, portable MRI market are set to witness a high growth of CAGR 6.8% during the year 2021-2031.

Portable MRI is an emerging tool during the COVID-19 pandemic. The introduction of low cost solutions in terms of portable MRI scanners is expected to enable new point-of-care and monitoring applications. With existing MRI scanners in centralized settings, accessibility and reduction of cost is primal.

Upcoming advancements in computational technology, hardware as well as expanding scanning-based technology industry in developing economies is set to effectively lead towards boosting sales of portable MRI.

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Portable MRI Market Dynamics:

The demand for portable MRI is driven by the premise of expansive reach of MRI through cost reduction. The applications of portable MRI provide support in terms of cost, sitting and operational burdens which is directly applicable to benefitting the overall healthcare development by increasing the access to MRI examinations for a larger number of patients. Additionally, portable MRI yields a higher rate of use with varied applications.

Not to mention, in cases of acute neurological settings, the application of portable MRI will positively impact patient health with non-invasive and time-sensitive neuroimaging. The benefits of this approach can potentially be employed in the assessment of neurological injury in various medical setups, including environments with limited resources.

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Which Factors are likely to Augment Growth of Portable MRI?

Technological advancements in terms of MRI scanners, especially specialty scanners has introduced a unique method of imaging. The costs associated with such scanners exhibited sub-optimal commercialization as compared to the prevailing models. The augmentative factor which provides leverage to portable MRI sales is the ease of access and potential for commercialization because of the advent of the COVID-19 pandemic.

Europe Demand Outlook for Portable MRI

The region of Europe is projected to occupy a large share after North America in the adoption of portable MRI due to the rising prevalence of chronic diseases in the region, as well as increasing technological advancements, resulting in high demand for medical imaging devices.

The growth is also associated with the growing popularity of teleconsultation and teleradiology in the region, especially in countries like Germany. Demand of portable MRI in the region is lucrative and based upon the premise to fight cancer by employing cost-efficient and accessible diagnostic imaging solutions.

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Key Manufacturers and Suppliers of Portable MRI

Key companies operating in manufacturing and supply of Portable MRI are

GE Healthcare
Siemens Healthineers
Philips Healthcare
Canon Medical Systems
Hyperfine
Voxelgrids
PrizMed Imaging

Key Segments

By Type:

Superconducting-magnet-based portable MRI
Electromagnet-based portable MRI
Permanent-magnet-based portable MRI

By Imaging:

General Brain Imaging
Headaches
Stroke
Non-Specific Muscular Weakness
Encephalopathy

By Facility

Hospitals
Clinics
Ambulatory Surgical Centers
Research Laboratories

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DIY Eyelash Extension Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2032

The global DIY eyelash extension market, according to a recent research by Future Market Insights (FMI), is anticipated to achieve a valuation of US$ 501.7 Mn in 2022, with sales predicted to soar at a robust CAGR of over 7.0 percent through 2032.

Increasing awareness about eye care, self-grooming, aesthetic appeal among women is likely to fuel growth in the DIY eyelash extension market. Players are promoting their products among millennial women and are providing them with the best quality DIY eyelash extension products.

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These products add volume to the natural lash line and can lift the face and make the overall appearance more youthful. When compared to false eyelashes, these products are more long-lasting and durable as each DIY eyelash extension can last up to more than 4 weeks.

As DIY eyelash extension is glued to natural eyelash they do not get washed easily when they come in contact with water. Unlike other cosmetic treatments, applying eyelash extensions is not an intrusive procedure, and wearing them does not harm natural eyelashes.

DIY eyelash extension can be applied at home or anywhere without having to look for a stylist. They are more cost effective and are available across supermarket, hypermarkets, beauty stores, pharmaceutical store and online channels. The kit contains cyanoacrylate glue which is does not have any side effects and is safe to use when applied properly on the eyelash.

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Key Takeaways:

In terms of material type, total sales in the natural DIY eyelash extensions segment are projected to account for 39.2% of the total market share in 2022.
Sales through online retail sales channel are projected to grow at a CAGR of 11.1% during the forecast period.
Demand for individual DIY eyelash extensions will rise at a 9.9% CAGR through 2032.
The U.S. is expected to be the most lucrative market in North America, with sales growing at a 2.3% CAGR through 2032.
The U.K. will dominate the Europe DIY eyelash extensions market, with demand projected to increase at a 5.4% CAGR over the forecast period.
Sales in the Germany DIY eyelash extensions market will grow at a 4% CAGR through 2032.
India will account for 41.4% of the South Asia DIY eyelash extensions market in 2032.

Who is winning?

Leading manufacturers of DIY eyelash extension are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of eyeshadow globally.

Major players present in the DIY Eyelash Extension market are Kiss Products, Inc., Huda Beauty, Lilly Lashes, Babil Lashes Factory Company LASHVIEW BEAUTY, I-ENVY by Kiss, Calailis Beauty, Beyelian Lashes, Qingdao Elour Beauty, Emeda eyelash Company, XIZI LASHES and H.B. Fuller Company.

Global DIY Eyelash Extension Market By Category

By Product Type:

Strips
Individual
Clusters
Others

By Material Type:

Natural
Synthetics

By Sales Channel:

hypermarkets/supermarkets
Specialty stores
Pharma & Drugs
Online Retailing
Others

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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Automatic Identification System Market is estimated to grow at a CAGR of 7.0% during 2022-2027

In 2022, the market for automatic identification systems is anticipated to reach US$ 248.3 Mn. The market demand is being driven by an increase in the adoption of cutting-edge systems for ship identification, tracking, and navigation.

Attribute	Details
Automatic Identification System Market Size Value in 2022	US$ 248.3 Mn
Automatic Identification System Market Market Size Value in 2027	US$ 348.5 Mn
Historical CAGR (2012-2021)	4.5%
CAGR (2022-2027)	7.0%

A tracking system called an automated identification system (AIS) is installed aboard ships to improve sailing safety. A brand-new research study from Future Market Insights provides a comprehensive overview of the global A.I. The “Automatic Identification System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” thorough research study shows the current market situation while taking into account the variables affecting it. According to the analysis of the global market for automatic identification systems, it is anticipated to develop at a CAGR of 6.4% over the forecast period to reach a market value of over US$ 340 Mn by the end of 2027.

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Global Automatic Identification System Market: Trends and Opportunities

Government rules requiring the use of automated identification systems (AIS) as a result of growing safety concerns will likely result in the robust growth rate for AIS projected globally. As a result, companies involved in the automatic identification system market are concentrating on R&D and constantly updating their product lines to match consumer demand in the highly competitive automatic identification system industry. Major businesses have a huge opportunity to create novel products that blend contemporary AIS with satellites with the introduction of satellite or cloud-based communication. Due to its sophisticated and intelligent characteristics, cloud management for AIS is currently in the development stage and will soon be in great demand in the market. Businesses who offer this function will have tremendous opportunities if they are technologically advanced.

Global Automatic Identification System Market: Segmental Analysis

Based on Region, APEJ is expected to be the strongest region, with market size expected to reach over US$ 130 Mn by the end of 2027, growing at a CAGR of 7.1% during the forecast period. In terms of growth rate, MEA is also expected to be one lucrative segment during the forecast period.
Based on Application, the vessel tracking segment dominates the market with a high market size and growth rate. It is expected to reach a market size of over US$ 180 Mn by the end of 2027, growing at a CAGR of 8.8% during the forecast period.
On the basis of Category, the vessel-based segment is projected to be the most attractive one in terms of value, with expected market size of over US$ 250 Mn by the end of 2027. Among the types of vessel-based AIS, class A contributes the most in the growth of vessel-based products.

Global Automatic Identification System Market: Competitive Landscape

FMI’s report on the Global Automatic Identification System market includes a major section on the competitive analysis of the market. This section briefs the major players who are leading in the global automatic identification system market. Some of these key players mentioned in the report are Wartsila Corporation, Japan Radio Corporation, L3 Technologies, Orbcomm Inc., Garmin, True Heading AB, Raymarine, Jotron AS, C.N.S. Systems AB, ACR Electronics Inc., ONWA Marine Electronics Co. Ltd etc.

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Market segmentation

Category

Vessel Based
- Class A
- Class B
Shore Based
- AIS base stations
- AIS AtoN
- Others

Application

Fleet Management
Vessel Tracking
Maritime Security
Others

Region

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

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Frequently Asked Questions

How big is the global automatic identification system market?

At what rate did the automatic identification system market grow between 2012 and 2022?

What are the key trends boosting automatic identification system sales?

What will be the demand outlook for maritime security in automatic identification system market?

What will be the automatic identification system market value in 2022?

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Custom T-Shirt Printing Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2032

The global custom t-shirt printing market is expected to surpass US$ 9,009.3 Mn, exhibiting a CAGR of over 9.7% through 2032.

Customized t-shirts are gaining immense popularity among younger generation. Growing trend of wearing graphic, pre-printed t-shirts with movie logos and slogans is propelling the sales in custom t-shirt printing market.

Over 78.9% of global custom t-shirt printing sales are contributed by the U.S. in 2021. Growth in the country is underpinned by the growing popularity of outdoor sports.

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Leading sports teams such as football and clubs have started designing custom-designed t-shirts and jerseys with their own logo and design. Numerous sports club are now following the trend of increasing their team’s visibility and providing their players with a unique appearance.

Additionally, with increased government spending on sports-related activities, sporting activities are gaining immense popularity across the U.S. As a result, demand for customized t-shirts is expected to surge over the coming years. This is expected to boost the U.S. custom t-shirt printing market.

Moreover, the use of custom printed t-shirts to raise social awareness, raise a voice, and support a cause is on the rise. Furthermore, customers in industries such as hospitality, logistics, construction, industrial, and medical, are increasingly providing custom printed t-shirts to their employees as a marketing tool. Growing influence of bloggers, promotional strategies, and improved standard of living are also driving the demand for custom printed t-shirts in the market.

Key Takeaways from the Custom T-Shirt Printing Market Study

In terms of technique, screen printing segment is expected to hold over 52.1% of market share in 2021.
The U.S. custom t-shirt printing market will contribute over 78.9% of share in North America.
Based on design, the artwork segment is expected to register a CAGR of 12.5% from 2022 to 2032.
India is expected to spearhead the growth in South Asia custom t-shirt printing market, with sales increasing at 16.6% CAGR through 2022 & beyond.
Sales in Japan custom t-shirt printing market are expected to rise at over 15.0% CAGR over the forecast period.

“Increasing preferences towards customized, fashionable and unique clothing along with the rising income within young population, are major factors driving demand for custom t-shirts worldwide.” says an FMI analyst.

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Who is winning?

Leading manufacturers of custom t-shirt printing are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of custom t-shirt printing globally.

Major players present in the custom t-shirt printing market are CafePress Inc., Custom Ink, LLC., CustomThread, Printful Inc., RushOrderTees.com, Spreadshirt, THEBLUEGECKOPRINTING, THREADBIRD, UberPrints, Inc., Vistaprint, Blue Gecko (UK) Ltd, POLOS INC, Teetalkies, INSTANT IMPRINTS, Rogue Star, Sharprint, Kornit Digital, Carhartt, Inc., and Nike, Inc among others.

Global Custom T-shirt Printing Market By Category

By Printing Technique:

Screen Printing
Digital Printing
Plot Printing
Others

By Design:

Graphic Design
Artwork

By End Use:

Men
Women
Kids
Unisex

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Microparticle Injectables Market Research, Forecast by Therapeutic Applications, Administration Site, Distribution Channels

Microparticle Injectables Market Overview

According to the latest research by FMI, Microparticle Injectables are set to witness a steady-paced growth of CAGR 5.8% during the year 2021-2031. Microparticle Injectables are broadly used constituents of multiparticulate drug delivery systems, offering both technological and therapeutic advantages. The applications of microparticle injectables as drug delivery systems allow for a controlled delivery of active pharmaceutical ingredients in the body.

The long-lasting delivery of such API over a time period of weeks, or a couple of months as microparticle injectables increases patient benefits as well as is responsible for the reduction of burden of compliance among the patients. The demand of microparticle injectables as a means for drug delivery is set to increase steadily over the forecast period.

This demand is driven primarily on the basis of lower degradation event associated with the API, which in turn leads the drug to have potentially lower side effects.

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Microparticle Injectables Market Dynamics

The demand for microparticle injectables is driven mainly through their benefits revolving around patient compliance. Apart from providing abundant patient benefits, the microparticle injectables also deliver drugs directly into the blood stream or the initiated local environment. The efficacy of this process evades hepatic and gastric degradation of the API.

The effectiveness of microparticle injectables as long-acting dosage forms also drive the key market players to benefit from developing novel drug dosage formulations and generate profitable revenue. Furthermore, several microparticles are not required to be removed later through surgical operation, because of the use of biodegradable materials in their formulation.

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Which factors are likely to augment growth of Microparticle Injectables?

The microparticle injectables are emerging in terms of their biomedical applications in the field of cardiology, neurology as well as gastrology. The augmentative factors responsible for the growth of adoption of microparticle injectables over the globe are their ability to treat a range of indications such as CNS disorders and cancer.

Rising demand for bioresorbable polymers and their efficient use in commercialization are further set to increase the demand of microparticle injectables over the forecast period.

Europe Demand Outlook for Microparticle Injectables

The region of Europe is anticipated to occupy a large share after North America in the adoption of microparticle injectables due to the rising prevalence of chronic diseases in the region, as well as increasing technological advancements.

The growth is also evaluated by the presence of growing advancements in healthcare and research in the region. According to the WHO, about 50 million people in the region of Europe suffer from more than one chronic disease.

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Key Manufacturers and Suppliers of Microparticle Injectables

The key companies operating in manufacturing and supply of microparticle injectables are

Lubrizol Life Science
Baxter International Inc
Sandoz
Eli Lilly and Company
Pfizer Inc.
Evonik
Oakwood Labs and GP Pharm

Key Segments

By Therapeutic Application:

Chronic Diseases
Autoimmune Diseases
Hormone Related Disorders
Oncology
Others

By Administration Site:

Central Nervous System
Skin
Musculoskeletal
Targeted Organs

By Distribution Channel:

Medical Hospital Pharmacy
Retail Pharmacy

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Executive Education Program Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2031

As per a detailed study by FMI, the global executive education program market is expected to surpass US$ 37.8 billion in 2021. Surging demand for professional courses and in-personal programs to up skill professionals is favoring the sales. On account of this, the market is expected to total US$ 109.6 billion by 2031, expanding at an impressive CAGR of 11.2% over the forecast period 2021-2031.

Rapid expansion of the corporate sector has resulted in intense competition among employees. This has bolstered the demand for executive education programs for acquiring new skillsets to tackle the dynamic challenges and keep up with dynamic changes in their respective fields. Driven by this, the sales of the executive education program are anticipated to register a year-on-year growth of 10% in 2021.

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The corporate sector and schools are increasingly focusing on offering flexible and online executive learning programs to capitalize on the rapidly changing working environment. For instance, The Wharton School offers over 45 live online courses, programs, and asynchronous certifications for immediate business impact. A multiplicity of such developments are anticipated to propel the demand for executive education programs at 4% between 2020 and 2021.

As per FMI, online learning is projected to emerge as the most preferred mode of learning, exhibiting sales growth at a staggering CAGR of 13.7% through 2031. Increasing adoption of online courses by employees and managers owing to its convenience is an attribute favoring the segment growth.

“Leading players are emphasizing on adopting hyper-personalized nudges and artificial intelligence (AI)-powered coach bots to offer customized programs as per the relevant skills and knowledge requirement. This will facilitate the market growth in the coming years,” says the FMI analyst.

Key Takeaways from Executive Education Program Market Study

The U.S., home to some of the best and leading business schools, is estimated to account for more than 76.4% of the market share in North America through 2031.
The U.K. is projected to emerge as one of the leading markets in Europe, accounting for over 26.2% of the total sales in the region by 2031 end.
Australia is anticipated to dominate the Oceania market, accounting for more than 52% of the overall regional revenue share in 2021.
1-week to 1-month duration courses is expected to remain highly sought-after, holding nearly 46.3% of the global demand through 2021.
On the basis of course type, finance & accounting courses are forecast to hold a notable revenue share, accounting for over 32.8% of sales in 2021.

Key Drivers

Increasing adoption of cutting-edge technology and rising penetration of e-commerce across numerous domains are compelling employees in the corporate and banking sector to upgrade their skills, which is in turn, driving the market.
Rising adoption of smartphones, growing internet penetration, integration of novel technologies in teaching patterns, and accessibility to global content are collectively facilitating the growth of the online learning segment.

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Key Restraints

Lack of self-motivation and unavailability of time amongst managers and senior-level executives are hampering the market growth.
High cost of individual and private courses is hindering the sales of executive education programs across individual and private learner segments.

Competitive Landscape

As per FMI, The Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, are leading companies in the executive education program market and are expected to cumulatively account for nearly 51.0 % of the global value share.

Key players are aiming at adopting strategies such as new product launch, strategic collaborations, agreements, and partnerships with other companies to expand their product portfolio for addressing the demand of an expanding pool of consumers. For instance,

In 2019, Stephen M. Ross School of Management, an educational institute based in the U.S., offers Executive MBA Program in two locations: Los Angeles and Ann Arbor. The institute received 5th ranked for its executive education by Financial Times in 2019.
In 2020, Harvard Business School announced introducing online programming, including both modules – short duration programs, such as Leading Difference for High Performance, and longer topic-focused programs, such as the General Management Program.

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Some of the key players operating in the market profiled by FMI are:

Harvard Business School
Columbia University
MIT Sloan School of Management
Stanford Graduate School of Business
Baruch College
Wharton School of Business
UCLA Anderson School of Business
Kellogg School of Management
Stephen M. Ross School of Management
The University of Chicago Booth School of Business
The University of Texas at Austin
Cornell SC Johnson
Rotman School of Management
Ted Rogers
UBC Sauder School of Business
Durham University – Business School

More Valuable Insights on Executive Education Program Market

FMI, in its new report, offers an unbiased analysis of the global executive education program market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in executive education program market with detailed segmentation:

By Program Type:

Customized Programs
Pre-designed Programs

By Leadership Level:

Business-Owners
Junior/ Entry-level Employees
Managers
Mid-level Employees
Senior Executives

By Type of Learner:

Group/ Small Team Learners
Individual/ Private Learners

By Mode of Learning:

In-Person Learning
Online Learning

By Duration:

Less than 1 Week
1 Week to 1 Month
More than 1 Month

By Type of Courses:

Management & Leadership
Finance & Accounting
Strategic Leadership & Innovation
Marketing & Sales
Business Operations & Entrepreneurship
Others

By Industry Type:

Consumer Products & Retail
Energy & Transportation
Financial Services
Healthcare & Pharmaceuticals
Manufacturing & Industrials
Others
Professional Services
Technology & Communications

By Region:

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

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Key Questions Covered in the Report

The report offers insight into executive education program market demand outlook for the forecast period 2021-2031
The market study also highlights projected sales growth for executive education program market between 2021 and 2031
Executive education program market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Executive education program market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Premium Wine Cooler Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2031

According to a recent report by Future Market Insights (FMI), the premium wine cooler market is expected to surpass a valuation of US$ 1,215.9 Mn at a CAGR of over 6.3% through 2031.

Homes are today becoming more connected than ever before. Consumers are increasingly investing in homes that incorporate smart electronics such as connected refrigeration systems. Thus, with changing preferences, players are increasingly focusing on altering their promotional strategies.

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Besides focusing on promotional activities, retailers selling connected devices are adopting diverse strategies that will allow them to achieve more than just converting sales. This includes establishment of know-how counters to train or educate shoppers regarding product use, and benefits. These factors are expected to facilitate the market growth in the near future.

Demographic generations like millennials and Gen X are likely to largely influence the market growth in the coming years mainly on account of two primary reasons, which include growth in wine consumption and high demand for smart tech gadgets and connected storage units in residential sectors.

Apart from this, the commercial sector is also likely to reflect prominent sales opportunities due to rapidly growing demand for premium sleek and unique wine storage appliances that better match the aesthetics and ambience of the space along with incorporating better features.

Key Takeaways from the Premium Wine Coolers Market Study

Freestanding premium wine coolers are expected to hold a leading revenue share of 57.2% in 2021 due to its portability nature.
In terms of bottle type, premium wine coolers with a capacity of 51 to 300 bottles is comparatively more. The category holds a notable share of 19.3% during 2021.
The U.S. is expected to hold a noteworthy value share of 84.2% in North America owing to the rapid upsurge of wine consumption at home as well as in commercial sectors thus escalating the need for wine storage units.
India is a key market in South Asia reflecting a CAGR of 26.1% as smart homes are increasingly gaining popularity.
France is further expected to open up new sales opportunities as consumption of wine is quite prominent in the region.

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Impact of COVID-19 on the Market

The covid-19 outbreak resulted into a temporary downswing across different sectors and regions. The economic downswing caused a tremendous impact on both supply as well as demand side in the market.

Apart from this, it also largely impacted consumers purchasing habits as a large proportion of consumers shifted from free-spending towards mindful spending thus impacting the demand for premium wine coolers to some extent.

The outbreak of COVID-19 worldwide signaled an unprecedented disruption of commerce. Post-pandemic, consumers have adopted short-term behaviors that in some cases have turned permanent. Transition to digital was the most profound behavioral change that was observed post-pandemic. Retail categories like consumer electronics and entertainment are some of the few sectors that have been significantly disrupted by digital over the past few decades.

Who is winning?

Leading manufacturers of premium wine coolers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Premium Wine Coolers globally.

Major players present in the premium wine coolers market are Allavino Company, Avanti Products, Inc., Danby Appliances, Inc., Electrolux AB, Marvel refrigeration, Haier group Corporation, Viking Range Corporation, Vinotemp, Perlick Corporation, Robert Bosch LLC, Uline Company, WHynter LLC, Lanbo International Inc., Liebherr, LG Electronics and among others.

Market by Category By Installation Type:

Freestanding
Countertop
Built-in

By Bottle Type:

Less than 10
10 to 30
31 to 50
51 to 300
301 and Above

By Temperature Type:

Double Zones
Single Zones
Triple Zones
Others

By Technology:

Compressor Based
Thermoelectric Based

By End Use:

Residential/Households
Commercial
- Retail and Specialty Stores
- Food and Beverage Processing
- Hotels and Restaurants
- Others

By Sales Channel:

Wholesalers/Distributors/Clubs
Departmental Stores
Hypermarkets/Supermarkets/mass Merchandise
Specialty Appliances Stores
Home Improvement Stores
Online Retailers
Direct-to-Consumers/Exclusive Stores
Others

By Region:

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

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Personalized Beauty Devices Market Share, Size, Global Industry Analysis, Key Growth Drivers Trends, Segments, Opportunity and Forecast 2031

According to a study by Future Market Insights (FMI) the Personalized Beauty Devices Market will rise at 25.3% CAGR between 2021 and 2031. In addition to feminine beauty, focus on beauty products particularly suitable for men has become very strong in the last few years, thus redefining the trends in the personalized beauty devices market.

Men are becoming increasingly image conscious, which is why they spend more time on grooming. This in itself is an indication that with the growing concern for beauty among men, sales of personalized beauty devices are expected to increase.

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In view of the growing importance of beauty among men, well-established beauty companies have now turned their promotional campaigns to show personality beyond physical strength. Also, the increasing exposure of social media has been contributing to the healthy demand for men’s personalized solutions.

Moreover, the digital tools are becoming a trend in the beauty industry enabling at-home personalized beauty devices to gain more momentum. For instance, L’Oreal S.A. is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care.

Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to offer precise skin tone measurements using a proprietary algorithm that analyses and then matches your exact skin tone. FMI in its latest study has forecasted the market to rise at a CAGR of 25.3% between 2021 and 2031.

In terms of product type, over half of sales in the market concentrates in the make-up segment. The demand in skin care category also is expected to rise at an impressive pace in the coming years.

Key Takeaways from the Personalized Beauty Devices Market Study

The global personalized beauty devices market was valued at ~US$ 8.4 Mn in 2021.
In-store sales will continue to rise in the coming years, accounting for over 64% of personalized beauty devices sold in 2021
Beauty bloggers in the U.S. have been encouraging personalized and hi-tech beauty, creating attractive prospects for growth. Driven by this, the U.S. will account for over 92% of sales in North America in 2021
Presence of a thriving beauty industry will enable the U.K. market to exhibit more than 30% y-o-y growth in Europe
China will account for over half of personalized beauty devices sold in East Asia, followed by Japan
Increasing willingness to spend on hi-tech beauty will drive sales in India

Who is winning?

Key players in the skin care devices market are L’Oréal S.A., Unilever PLC, Kendo Holdings, Inc., L’Occitane Groupe SA, Preemadonna Inc., Shiseido Company Limited, and Amorepacific Corporation among others.

Targeted and unique product offerings are being introduced into the market in order to attract the attention of a specific community. In the coming years, focus on offering smart beauty solutions will increase as market players aim for competitive edge.

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Personalized Beauty Devices Market by Category

Product Type

Skin Care
Make-up
Fragrances
Nails

Service Type

At-Home
In-Store

Application Type (% of Demand)

Consultation
Digital Questionnaire
Apps
Other Applications

Sales Channel

Direct Sales
Modern Trade
Departmental Stores
Specialty Stores
Online Retailers
Mono Brand Stores
Other Sales Channel

Region

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

SGLT2 Inhibitors Treatment Market Size to Grow with Increase in Number of Diabetic Cases

SGLT2 Inhibitors Treatment Market Overview

SGLT2 Inhibitors Treatment market is looking forward to grow at a higher rate in the forecast period of 2021-2031. SGLT2 Inhibitors help in reabsorption of glucose from the kidney leading to low blood glucose level.

SGLT 2 inhibitors is said to grow the market in the near future as the consumption of the antidiabetics drugs is taking a spike. These have high consumption rate as the prevalence of type 2 diabetes across the globe is never-ending, thus leading to grow the market. The prevalence of people suffering from Diabetes is said to lead the market at another level.

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SGLT2 Inhibitors Treatment Market Dynamics:

The demand for this market has seen at a higher rate at a global level as there has been increase in the number of Diabetic cases with increase in the population. According to WHO data worldwide, the count in the cases is seen at a higher side i.e. from 2.8% in 2000 and by 2030 it is said to be 4.4%. According to the 29.1 million cases of people diagnosing with diabetes in the year 2010.

The changing lifestyle, obesity and sedentary lifestyle can be the causes for diabetes can demand the SGLT2 market. Population preferring simple and easy way of treatment can boost the market. Covid 19 has eventually driven the market growth as post covid complications has made it a necessity. In addition, new combination drugs seems to drive the market. US and Europe has the highest number of morbid obesity cases which leads to Diabetes, can be the driving factor for the market.

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US SGLT2 Inhibitors Treatment Market Outlook

North America occupies about 65% of the market share. US accounts for the highest number of type 2 diabetic cases owing to demand in the market growth. North America also has well established health a care structure. Canagliflozin saw an immense growth in the US, which was approved by US FDA. According the study on an average of 1.75 million US native is diagnosed with type 2 Diabetes, furthermore the population suffering from morbid obesity is one of the major reason to cause Diabetes. This gives us an open window to drive our market.

Europe Demand Outlook for SGLT2 Inhibitors Treatment Market

Empagliflozin is said to be the leading the market in Europe region and can be used in adults with low adverse effect. European commission has granted permission to market the product globally. EMPOWER program has been run so as to understand the efficacy of the Empagliflozin, this was brought in by Boehringer Ingelheim and Lilly.

Empagliflozon was the recent medicine to be approved by FDA in 2014. European Medicine Agency confirms that the SGLT 2 inihibitors can be used in treatment of Type 2 Diabetes. Europe has the highest rate of Diabetes cases which is fatal in nature and in the given forecast period it is said to reach an average of 10million cases.

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Key Manufacturers and Suppliers of SGLT2 Inhibitors Treatment Market

Some of the key players operating in the SGLT2 Inhibitors Treatment Market are

Eli Lilly and Company (The U.S),
C.H. Boehringer Sohn AG & Ko. KG (Germany),
Johnson & Johnson (The U.S),
AstraZeneca plc (UK),
The Merck Group (Germany),
Pfizer Inc. (The U.S),
Tecnimede Group (The U.S),
Unichem Laboratories Ltd. (India), and
Edifício Bluepharma (Portugal)

Key Segments

By Product Type:

Single Cap
Double Cap

By End User:

Hospitals
Clinics
Diagnostic Centre’s
Others

By Application:

Blood Collection,
Blood Transfusion
Infusion

About FMI: