Market Research Blog – Page 11575 – New Product Development

Platelet Rich Plasma Market is projected to expand at a steady 6% CAGR through 2031

In a recent market survey, ESOMAR-certified consulting firm Future Market Insights (FMI) forecasts an impressive growth outlook for the platelet-rich plasma (PRP) market. The market valuation reached US$ 370.78 Mn in 2021 and is poised to expand at a 6% CAGR through 2031.

Growth registered in the platelet-rich plasma market is attributable to increasing applications of PRPs in various procedures such as cosmetic, orthopedic, neurological, and maxillofacial treatments. Increasing awareness regarding the advantages of platelet-rich plasma in wound healing and tissue regeneration will further propel sales in the market.

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PRP is being widely used in cosmetic surgeries aimed at improving facial structure and aesthetics, such as skin texture, and color. In addition, PRP is gaining wide acceptance as a key ingredient used in microneedling, botox treatments, acne scar removal, and laser treatments, which is spurring demand in the market.

Besides this, usage of PRPs in orthopedic treatments is fostering market sales, owing to its cost-effectiveness and negligible side effects. PRPs are increasingly finding application in joint pain treatment, cartilage reconstruction, fracture treatments, and other arthritic treatments.

With rising incidence of cosmetic procedures and sports-related injuries in countries including the U.S, the U.K., and Germany, the market is anticipated to garner significant revenue over the forecast period.

Intensive research and development, coupled with the prevalence of leading market players will further augment platelet-rich plasma market growth, with expansion at 12.4% by volume.

Additionally, growing investments in healthcare infrastructure and increasing disposable income will provide tailwinds to platelet-rich plasma sales in counties such as India, China, Brazil, and South Korea, shaping the demand outlook positively.

“Growing use of platelet-rich plasma in chronic wound healing, cosmetology, and orthopedic procedures, along with product innovations by leading market players will augment market growth in the upcoming years,” says an FMI analyst.

Competitive Landscape

Harvest Technologies Corp., Zimmer Biomet Holdings Inc., Arthrex, Inc., Arteriocyte Medical Systems, Inc., Dr. PRP America, Cesca Therapeutics, Inc., and Regen Lab SA are among the prominent players operating in the global platelet-rich plasma market. As per FMI’s analysis, tier-1 players will account for 15-20% of the total market share.

Growth strategies leveraged by top manufacturers of platelet-rich plasma include strategic partnerships, mergers, acquisitions, and collaborations to launch innovative PRP treatment methods in the market. For instance:

In July 2021, Arthrex Inc. announced an exclusive partnership with Celularity Inc., a USA-based biotechnology company to distribute and commercialize Celularity Inc.’s biomaterial products for orthopedic procedures and sports medicine.
In September 2019, Cesca Therapeutics Inc., a global leader in autologous cell therapies for regenerative medicine, and ThermoGenesis, Cesca’s wholly owned device subsidiary, announced a global distribution agreement in which the company will supply its X-series cell processing products to major life science distributors to expand its global footprint.

Key Takeaways from Platelet Rich Plasma Market Survey

Based on product type, pure platelet-rich plasma (P-PRP) will dominate the segment, due to advanced wound healing properties and cost-effectiveness.
Autologous platelet-rich plasma will account for maximum sales in the origin segment, with high applications in treatment of nonhealing ulcers.
In terms of application, cosmetic procedures, surgical and non-surgical, will dominate the segment.
The U.S. is projected to lead sales of platelet-rich plasma due to increasing incidence of cosmetic surgeries in the country.
The U.K. will provide lucrative growth opportunities for leading players with intensive research and development in the country aimed at PRP product innovation.
Germany will emerge as a profitable market for global and regional players, owing to an influx of patients seeking PRP-based treatments in the country.
Increasing investments in healthcare infrastructure in India, along with growing awareness regarding advantages of PRP will augment market growth.
Japan and South Korea will account for 5% of the total market share.

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More Insights on the Platelet Rich Plasma Market

In its latest report, FMI offers an unbiased analysis of the global platelet-rich plasma market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (pure platelet-rich plasma, leukocyte platelet-rich plasma, leukocyte platelet-rich fibrin), origin type (autologous, homologous, and allogenic), application type (orthopedic surgery, cosmetic surgery, general surgery, neurosurgery and other surgeries including urological, cardiothoracic, periodontal, oral and maxillofacial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Platelet Rich Plasma Market by Category By Product Type:

Pure-Platelet Rich Plasma (P-PRP)
Leukocyte-Platelet Rich Plasma (L-PRP)
Leukocyte-Platelet Rich Fibrin (L-PRF)

By Origin Type:

Autologous
Homologous
Allogenic

By Application Type:

Orthopedic Surgery
Cosmetic Surgery
General Surgery
Neurosurgery
Other Surgeries (Urological, Cardiothoracic, Periodontal and Oral and Maxillofacial)

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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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Protein A Resins Market Analysis, Industry Report, Trends, competitive Insights and Forecast 2022-2031

According to a recent study by Future Market Insights (FMI), the global protein A resins market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 536.6 Mn in 2020 to over US$ 1.2 Bn by 2031. This reflects a cumulative CAGR of around 8.1% over the forecast period (2021-2031).

Increasing researches conducted on monoclonal antibodies are driving demand for protein A resin. Since the commercialization of the first therapeutic monoclonal antibody in 1986, till May 2021, around 100 monoclonal antibody products have been approved by the U.S. FDA and European Medical Agency for the treatment of various diseases such as cancer.

Monoclonal antibody therapy for the treatment of mild to moderate COVID-19 in patients has also been approved by the FDA under Emergency Use Authorization (EUA).

Studies on monoclonal antibodies have indicated that more monoclonal antibody therapies are in the process of getting FDA approval and can be marketed in the near future to cater to rising demand in the global life sciences industry. Thus, increasing research on monoclonal antibodies (mAb) is expected to fuel the demand and utilization of protein A resin for purification and precipitation purposes.

For the purification of monoclonal antibodies (mAb), different technologies are available which includes membrane chromatography, mixed chromatography, and aqueous two-phase extractions (ATPS). However, protein A resin holds the top position for the purification of mAbs.

With many industries facing issues of leaching of ligand and resistance during the commercialization of monoclonal antibodies (mAbs), the availability of next-generation protein A resins with improved purification conditions, such as alkaline-stability, and with very low ligand leaching, is expected to increase the production and throughput demand for protein therapeutic processes.

Furthermore, in June 2018, Purolite Life Sciences launched a novel next-generation Protein A agarose resin, Praesto Jetted A50. GE Healthcare, in 2017, introduced a next-generation protein A resin, MabSelect PrismaA, which was designed to enable biopharma manufacturers to improve their mAb purification capacity by up to 40% over GE Healthcare’s existing protein A affinity medium. These product launches are expected give tailwinds to growth registered in the market.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level.

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Key Takeaways from Protein A Resin Study

By product, the natural protein A resin hold the maximum share of 62.8% in 2021. Natural protein A is derived from a bacterial cell of the staphylococcus aureus species and mainly used in the purification of monoclonal antibodies.
By matrix, the agarose based matrix of protein A resin account for 85.8% of the market share in 2021 indicating the highest demand, offering high binding specificity when in comparison to other matrices and are widely used for the attachment of ligands that bind proteins.
By application, the antibody purification of protein A resin segment will account for 74.8% of the market share in 2021.
By end user, the biopharmaceutical manufacturers will account for 79.2% of the market share in 2021.
By region, North America held the largest share of 35.7% of the global protein A resins market in 2021.
The U.S. will emerge as a leading market in North America, while growth registered in Europe will be spearheaded by Germany and the U.K.

“Increasing demand of protein A Resins for biologics production including monoclonal antibody and biosimilars is expected to drive the demand of protein a resin over the decade. To capitalize on existing opportunities, market players are expected to push investment towards product launches and research initiatives,” says the FMI Analyst

Who is Winning?

Some of the leading manufacturers of protein A resin market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

In August 2021, Danaher Corporation acquired Aldevron and stated that Aldevron will work as a stand-alone operating firm and brand within the life sciences segment of Danaher to provide a vast range of custom biologic services, including plasmid DNA production, mRNA production, and antibody development.
On 11 February 2021, Thermo Fisher Scientific Inc. started the online offering of its essential Thermo Scientific Dionex Easion and Thermo Scientific Dionex Aquion Ion Chromatography (IC) systems through easy online ordering. This step was undertaken in order to reduce the in-person transaction during the pandemic.
In October 2020, Kaneka Corporation collaborated with the biomedical research institute “de Duve Institute” of the University of Louvain, wherein they signed a research collaboration agreement in order to develop innovative biomedicine production technologies and strengthen and expand the company’s current biomedicine CDMO business.
In April 2020, Bio-Rad Laboratories, Inc. launched a blood-based immunoassay kit to identify antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19.

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The key market players covered by FMI include :

GE Healthcare
Thermo Fisher Scientific
Kaneka Corporation
JNC Corporation
Purolite Life Sciences
Bio-Rad Laboratories Inc.
JSR Corporation (JSR Life Sciences LLC)
Repligen
Tosoh Bioscience
Merck Group (Merck Millipore)
Novasep Holdings SAS
Agilent Technologies Inc.
GenScript
Abcam PLC (Expedeon Ltd.)
Avantor Inc.
Takara Bio
PerkinElmer Inc.
Suzhou Nanomicro Technology Co. Ltd.

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Key Segments:

Product:

Natural Protein A Resin
Recombinant Protein A Resin

Matrix:

Agarose Based Matrix
Glass or Silica Based Matrix
Organic Polymer Based Matrix

Application:

Immunoprecipitation
Antibody Purification

End User:

Biopharmaceutical Manufacturers
Clinical Research Laboratories
Academic Institutes

Region:

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

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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Portable Oxygen Concentrators Market will Record Massive Growth, Trend Analysis and Forecast till 2026

The portable oxygen concentrators market is projected to reflect a highly promising 7.8% CAGR between the years of forecast from 2016 to 2026. The coronavirus outbreak is characterized by major respiratory symptoms owing to potentially low levels of oxygen in the patient’s body. Oxygen therapy is a crucial aspect of Covid-19 treatments, which is expected to strongly support the demand for portable oxygen concentrators throughout the crisis period.

“Portable oxygen concentrators are easy to carry and a number of variants are also approved for applications in airplanes. Coupled with the growing geriatric population and incidences of respiratory disease, the demand for portable oxygen concentrators is likely to continue growing in years to come,” states the FMI analyst.

Portable Oxygen Concentrators Market- Critical Takeaways

Pulse flow technologies in portable oxygen concentrators are witnessing increasing demand owing to superior efficacy in treating COPD and other breathing problems.
Home setting applications are contributing significantly to revenue, supported by owing to the trend of miniaturization and easy application of oxygen therapies.
North America remains a leading market for portable oxygen concentrators owing to favorable government initiatives and a vast and widespread geriatric population.

Portable Oxygen Concentrators Market- Drivers

Rising incidences of respiratory ailments such as COPD around the world supports market growth.
Government spending on healthcare infrastructure and geriatric care provides lucrative opportunities.

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Portable Oxygen Concentrators Market- Restraints

Strict regulations associated with approval and use of portable oxygen concentrators hinder market growth.
Prohibitory costs of portable oxygen concentrators, and lack of awareness in rural areas restrain adoption rates.

Coronavirus Impact on Portable Oxygen Concentrators Market

With the rapid spread of the coronavirus pandemic, the demand for essential medical equipment has shot up. The potentially severe respiratory symptoms, from poor oxygen levels in the patient’s bloodstream will bolster the demand for portable oxygen concentrators. Effective applications in home and hospital settings will contribute to adoption rates and revenue. Manufacturers will remain largely concerned with efforts to optimize supply and distribution channels to circumvent potential challenges from lockdown measures imposed in multiple countries.

Competitive Landscape

GCE Group, Koninklijke Philips N.V., O2 Concepts LLC, Inogen Inc., Foshan Keyhub Electronic Industries Co. Ltd., Chart Industries Inc., Oxus America Inc., Resmed Inc., Besco Medical Co., Invacare Corp., Precision Medical Inc., and Drive DeVilbiss Healthcare are some of the leading players in the portable oxygen concentrators market.

Manufacturers in the portable oxygen concentrators market are largely displaying interest in the development and launch of new products to boost functionality and widen their portfolios.

For instance, CAIRE Inc. has unveiled a next generation Freestyle Comfort portable oxygen concentrator with proprietary, self-adjusting functionality. OxygenToGo LLC has entered into a deal to provide Virgin Atlantic with portable oxygen concentrators for use in aircrafts. Similarly, ResMed has unveiled Mobi, a portable oxygen concentrator for COPD patients in the United States.

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Key Segments:

By Product

Continuous Flow Portable Oxygen Concentrator
Pulse Flow Portable Oxygen Concentrator

By End User

Hospitals
Homecare
Ambulatory Surgical Centres
Travel Agents

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

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Table of Content

Assumptions and Acronyms Used
Research Methodology
Executive Summary
Portable Oxygen Concentrators Market Overview

4.1. Introduction

4.1.1. Portable Oxygen Concentrators Market Definition

4.1.2. Portable Oxygen Concentrators Market Taxonomy

4.2. Portable Oxygen Concentrators Market Snapshot

4.3. Portable Oxygen Concentrators Market Scenario Forecast

Portable Oxygen Concentrators Market Forecast

5.1. Portable Oxygen Concentrators Market Value Forecast

5.2. Portable Oxygen Concentrators Market Volume Analysis

5.3. Regional Average Pricing Analysis (2015)

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Automated Suturing Devices Market Share 2021, Global Trends, Demand Factors And Outlook 2031

ESOMAR-certified consulting firm Future Market Insight (FMI) presents incisive global automated suturing devices market survey for the forecast period of 2021-2031. According to the report, the market is expected to expand, rising at a CAGR of 7.3 % during the forecast period.

Surgical suture devices find application in laparoscopy, orthopedic surgery, cardiovascular surgery, gynecology, orthopedic, and ophthalmology as they are majorly used for treating wounds and injuries.

Rising cases of surgeries due to increasing accidents and trauma cases are boosting demand for automated suturing devices in the global market. According to the Ministry of Road Transport and Highways, India, in 2018, the nation was leading in road accident deaths followed by United States and China.

According to the World Health Organization’s (WHO’s), Global Report on Road Safety 2018, India accounted for 11% accident related deaths in the world. A total of 4,67,044 road accidents, 51,417 deaths, and 4,69,418 injuries. The rise in number of accidents and the increasing need for surgeries will propel the need for automated suturing devices, thereby augmenting the growth of the market.

Automated suturing devices are preferred over conventional suturing as they aid in delivering better wound healing and lowers post-surgery duration of hospital stay. That’s why it is extensively used for open and minimally invasive surgeries.

Key Takeaways from FMI’s Automated Suturing Devices Market Study

The automated suturing devices market in the U.S. will witness positive growth owing to rising prevalence of cardiovascular diseases and requirement for invasive procedures in the country.
France will find lucrative opportunities during the forecast period as according to the Organization of Economic Cooperation and Development, approximately 148075 minimal invasive surgeries took place in France in 2018. The country also has presence of several manufacturers such as Guerbet, Sanofi, and others.
Disposable automated suturing devices are expected to lead the product segment as they are cost-effective. Rising demand for laparoscopy and minimally invasive procedures are also encouraging demand for the same.
Hospitals will exhibit high demand for automated suturing devices since they receive a higher footfall of patients on a daily basis.

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“Several leading players are aiming for clearance from the United States Food and Drug Administration to launch advanced automated suturing devices. With focus on technological improvements on cards, the market is expected to gain momentum in the coming years,” says a FMI analyst.

Who is Winning?

Key players in the global automated suturing devices market are focusing on adopting inorganic strategies such as alliance, collaboration, partnerships, and merger and acquisitions to strengthen their position in the supply chain channels.

They are also emphasizing on launching new products and expanding their product portfolio. Key players operating in the global automated suturing devices market are Medtronic Plc., Boston Scientific, C. R. Bard, Inc., Apollo Endosurgery, EndoEvolution, LLC, LSI Solutions, Inc., and SuturTek Inc.

On March 3^rd 2020, Origami Surgical launched StitchKit, a patented suture delivery and retrieval system. The U.S. Food and Drug Administration (FDA) approved 510k clearance for three novel types of sutures for the company’s StitchKit robotic surgery platform.

On November 2020, Healthium Medtech, one of India’s largest medical devices company, launched Trubarb, its latest innovation. This innovation is a knotless tissue closure device that reforms the suturing experience.

On June 1^st 2021, Anchora Medical, a Alon Medtech Venture’s company, announced closing of $4.5million financing led by HOYA Corporation and Tal Capital. The funds will be utilized for completing Anchora’s single use laparoscopic suturing devices.

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Key Segments:

Product

Reusable Automated Suturing Devices
Disposable Automated Suturing Devices

Applications

Minimally Invasive Surgeries
Open Surgeries
Trauma Cases

End Use

Hospitals
Clinics
Ambulatory Surgical Centers

Region

North America (US and Canada)
Latin America (Brazil, Mexico and Rest of Latin America)
Western Europe (Germany, France, Spain, UK,)
Eastern Europe (Bulgaria, Croatia, Russia, Czech Republic)
Asia Pacific Excluding Japan (India, China, Vietnam, Australia and Others)
Japan
Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Table of Content

Executive Summary
Assumption & Acronyms Used
Research Methodology
Market Overview

4.1. Market Taxonomy

4.2. Introduction & Parent Market Overview

4.3. Wound Closure Devices Market Overview

4.4. Global Automated Suturing Devices Market Analysis

4.4.1. Introduction

4.4.1.1. Market Value (US$ Mn) & Y-o-Y Growth

4.4.1.2. Absolute $ Opportunity

Global Automated Suturing Devices Market Dynamics

5.1. Drivers

5.2. Restraints

5.3. Trends

5.4. Drivers and Restraints Impact Analysis

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Bioprocess Technology Market Size, Share, Growth, Trends, Industry Analysis | 2031

According to a recent study by Future Market Insights (FMI), the global Bioprocess Technology Market was valued at US$ 17.3 Bn in 2020 and is expected to register a CAGR of 15.2% during the forecast period (2021-2031). It is projected to generate a revenue of US$ 81.2 Bn by the end of 2031.

Technology has always been at the heart of biotech. The emergence of advanced computing technology such as machine learning and artificial intelligence has enabled companies to expand the scale of their research and improve efficiency in the manufacturing process—both of which reduce the time it takes for biotech firms to bring new products to market.

Increasing research and development spending on pharmaceutical products has improved the well-being of patients to a significant level. Today vaccines have proven to be one of the most effective ways to prevent children from infectious diseases. This is highly possible due to increased government spending on research & development in the life science stream.

For instance, in May 2020, AbSci Inc. closed USD 15.4 Mn in series D funding to accelerate the growth and scale of disruptive protein printing technology, by announcing an exclusive co-marketing partnership with KBI Biopharma.

There are currently more than 1,500 biomolecules undergoing clinical trials, which target more than 100 hundred types of diseases and success rate for biologics has so far been over twice that of small-molecule products.

Key Takeaways from Bioprocess Technology Market Study

In 2021, the BIOTECH/BIOPHARMACEUTICAL COMPANIES segment is expected to dominate the global bioprocess technology market with a 44.0% market share, whereas, CDMO/contract research organization segment is expected to occupy over 40% of the market share.
By product, the upstream segment dominated the global Bioprocess Technology Market with a 64.8% market share.
Europe and East Asia dominated the global Bioprocess Technology Market occupying over 24.3% and 14.7% market share, respectively.

Who is winning?

Some of the leading companies of Bioprocess Technology Market are focusing on their extensive portfolio of single-use cell culture bioreactors, containers, strong distribution channels, and strategic selling to the leading biopharmaceutical manufacturing entities.

Thermo Fisher Scientific Inc. is a multinational biotech company that develops, manufactures, and distributes products in the areas of healthcare & diagnostics, life sciences, pharmaceuticals, and others. In Sep 2020, Thermo Fisher Scientific Inc. announced the opening of its new Bioprocessing Collaboration Center (BCC) in St. Louis, Missouri.
Sartorius AG is a leading provider of contract testing services to the global biotechnology and biopharmaceutical industries. In July 2020, Sartorius Stedim Biotech acquired a majority stake in CellGenix to strengthen its product portfolio for cell and gene therapies.
Danaher Corporation designs manufacture and markets professional, medical, industrial, and commercial products and services. In March 2020 Danaher Corporation acquired the Biopharma business from General Electric’s Life Sciences division.

The key market players covered by FMI include Thermo Fisher Scientific Inc, Sartorius, Merck KGa, Danaher Corporation, Applikon Biotechnology B.V., Lonza AG, Bio-Rad Laboratories, Agilent technologies, Solida Biotech GmBH, and Waters Corporation.

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Key Segments:

Product:

Upstream Equipment
- Cell culture development products
  - Cell line development products
  - Cell Lines
  - Media, Sera and other additives
  - Cell line development kits
Lab-scale Bioreactors
- Continuous Stirred Tank Bioreactors
- Bubble Column Bioreactors
- Airlift Bioreactors
- Fluidized Bed Bioreactors
- Packed Bed Bioreactors
- Photo-Bioreactors
Scale-up and production products
- Cell culture media and feeds
- BioProcess Containers & Fluid Transfer Solutions

Single-use
Reusable

- BioReactors

Single-Use Bioprocess Equipment
Continuous Bioprocess Equipment
Real-Time Bioprocess Equipment

- Harvest and collection

- - Harvest and separation products
  - Centrifuges for bioprocessing
  - Storage & Transport Products
    v. Production Tanks and Drums
    v. Outer Support Containers
Testing Products
- Cell Counters & Viability Analysis Systems
- Contamination & impurity testing products
Probes and Accessories
Downstream Equipment
- Downstream purification
  - Chromatography Instruments
  - Chromatography Columns
  - Others (Resins and accessories)
- Buffer preparation and supply
  - Reagents
  - mixing systems
Process analytical testing
- Host cell residual DNA quantitation
- Protein quantitation
- Microbial identification
- Others
Probes and Accessories

End-User:

Biotech / Biopharmaceutical Companies
CDMO / Contract Research Organization
Research / Academic Institutes

Region:

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

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusion and Exclusions

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Method Innovation / Development Trends

Key Inclusions

4.1. Porters Analysis

4.2. PESTLE Analysis

4.3. Product Adoption Analysis

4.4. Key Strategies of Key Manufacturers

4.5. Technology Assessment

4.6. Regulatory Scenario

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Long-term Care Software Market is Anticipated to Surpass US$ 10,988 Million by 2032

In past few years, long-term care software has gained an enormous interest due to improvement in the quality and safety of medication treatment. The rising need for healthcare IT solution to increase the work efficiency of long-term care facilities is the major factor contributing to the growing demand for long-term care software.

With a CAGR of 11% over the forecast period, the size of the worldwide long-term care software market is predicted to reach US$ 3,877 Mn in 2022 and US$ 10,988 Mn by 2032. (2022-2032).

Various government initiatives across the globe to curtail the increasing healthcare cost is the factor which is fueling the growth of the long-term care software market. Multiple applications of long-term care software such as the long-term care software analyze millions of data records and quickly spot potential issues before they become problems, and it enables mental health providers to manage remote patient video conferencing, scheduling, and messaging are playing a crucial role in the rapid adoption of long-term care software.

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Long-term care software solutions are fully-integrated electronic health record, billing and business intelligence solution which enables healthcare facilities to improve resident care, maintain compliance and manage multiple levels with the single software solution. Popular features of long-term care software include centralized database, and user-friendly graphic user interface are the factors which are supporting the rapid adoption of long-term care software.

Global Long-term Care Software Market: Drivers and Challenges

Drivers

The digitalization in healthcare technology is the primary factor which is driving the growth of long-term care software market. Also, changing healthcare infrastructure, shortage of medical staff and adoption of technological solutions in the healthcare institutions is the key growth driver of the long-term care software market. Moreover, limited healthcare specialists and different initiatives taken by the government bodies worldwide to reduce the medical cost are fueling the growth of long-term care software market.

Apart from this, the increase in the number of healthcare organizations and the increasing usage of mobile devices in the healthcare organizations are the major factors which are fueling the growth of the long-term care software market.

Challenges

The high cost of software maintenance is the primary factor which may hinder the growth of the long-term care software market in the near future. Also, the unwillingness of the traditional long-term care providers to adopt new software is one of the major factors which hampers the growth of the long-term care software market in the near future.

Key Players

The prominent players in long-term care software market are: Allscripts Healthcare Solutions, Inc., Cerner Solutions, Omnicare, Inc., Omnicell, Inc., HealthMEDX, LLC, McKesson Corporation, Optimus EMR, Inc., PointClickCare, MatrixCare, and SigmaCare.

Global Long-term Care Software Market: Regional Overview

On the geographic basis, North America is anticipated to capture largest market share, owing to the well developed and established healthcare industry, and higher adoption of long-term care software in the region.

Europe and APAC are also expected to gain substantial market share due to the rapid infrastructural development in the healthcare sector. Also, APAC is expected to be the fastest growing long-term care software market owing to the government initiatives taken in the healthcare sector by the emerging economies such as India, China, and Japan.

The Long-term Care Software market in Latin America and MEA are expected to witness high growth rates in the coming period due to the rise in digital technologies and increasing adoption of mobile devices in the healthcare sector of the region.

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 market segments such as geographies, application, and industry.

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Regional analysis includes

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

Global Long-term Care Software Market: Segmentation

Segmentation of Long-term Care Software market on the basis of major delivery modes:

On-premise
Cloud-based

Segmentation of Long-term Care Software market on the basis of end-users:

Home Healthcare Agencies
Nursing Homes
Hospice care facilities provider

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Liquid Feed Supplements Market is anticipated to hold a value of US$ 9,732.3 Million by 2032 | Future Market Insights Inc. 

The global liquid feed supplements market is anticipated to hold a value of US$ 5,918.2 Million in 2022 and reach US$ 9,732.3 Million by 2032.

A mounting number of consumers across the world are turning vegan over heightening concerns about their health and wellness. Also, consumer awareness about the negative impacts of the meat industry is encouraging them to spurn animal-based products. Yet, the livestock industry has maintained its growth trajectories amidst all the recent changes in industrial trends and rise of the veganism trend among consumers worldwide, which is ultimately influencing growth of the liquid feed supplements market.

Positive growth prospects of the livestock and poultry industry have given an impetus to various developments in the animal feed additives market. The global sales of animal feed additives reached US$ 14 billion in 2015, and the improvements in their sales potential is propelling demand for feed supplements. With increasing awareness about the importance of animal nutrition and animal healthcare products such as animal antibiotics and antimicrobials, among stakeholders in the livestock industry, the demand for veterinary feed supplements is poised to surge in the coming years.

Liquid feed supplements are emerging as one of the latest trends in the animal feed supplements industry, as manufacturers are focusing on offering a composition of supplements to better suit the animal feedstuff. Innovative and nutritional ingredients such as feed enzymes, vitamins, minerals, and other nitrogen-containing active ingredients, are being incorporated in the manufacturing of liquid feed supplements to further improve their nutritional values.

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Leading players in the liquid feed supplements market are focusing on capitalizing on the increasing growth of the poultry feed market,

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Liquid Feed Supplements Market – Competitive Landscape

Leading players and other stakeholders in the global market for liquid feed supplements market that are featured in the report include Archer Daniels Midland Company, Cargill Incorporated, Ridley Corporation Limited, BASF SE, Westway Feed Products LLC, Graincorp Ltd., Quality Liquid Feeds, Dallas Keith Ltd., Quality Liquid Feeds, Land O’lakes, Inc., Inc., and Cattle-Lac Liquids Inc. Some of the notable developments in the liquid feed supplements market are:

In February 2019, Cargill Incorporated – one of the global leaders in the animal feed industry – announced that it has planned to invest approximately US$ 20 million to manufacture its new greenfield premix plant in Rajasthan, India. The company declared that the new feed premix facility is planned to be built on 15 acres of land in Kota and its monthly manufacturing capacity is announced to be around 7,500 tons of animal nutrition products and veterinary feed supplements.
In June 2019, Land O’lakes, Inc. – a U.S.-based member-owned agricultural cooperative – announced that is has partnered with Royal Agrifirm Group (Agrifirm) – a Netherlands-based cooperative enterprise – to form a dairy animal feed joint venture – Agrilakes – in China. The company is continuing its commercial growth strategy by focusing on collaborating with locally-successful companies to boost its global presence in the feed supplements industry.
In April 2019, Archer Daniels Midland Company – world’s leading agricultural processors and food ingredient providers – announced the opening of its new livestock feed facility in Illinois, which is its fourth animal nutrition manufacturing facility in North America. The company also announced that it has made significant investments to expand and improve our animal nutrition capabilities. For instance, the company recently acquired Protexin – a leading provider of probiotic supplements for animal feed markets, headquartered in the United Kingdom.
In September 2019, DuPont Animal Nutrition – a business unit of DuPont Nutrition & Biosciences (DuPont) and leading provider of innovative enzyme, natural betaine and probiotic feed technologies for the livestock industry – announced the launch of Axtra® PHY in Japan. Its new product – DuPont™ Axtra® PHY is a phytase enzyme designed to enhance animal health and performance in poultry and swine. The company also launched DuPont™ Syncra® AVI, a feed supplement for improving nutrient digestibility in poultry livestock, in Asia Pacific.

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Factors Influencing Growth of the Liquid Feed Supplements Market

Rising Adoption of Technological Solutions to Improve Efficiency and Productivity

Leading players in the liquid feed supplements market are leveraging recent advancements in technology to improve and optimize manufacturing and other business operations. With the increasing demand for and growth of the liquid feed supplements market, leading manufacturers are expected to join forces with technology companies to attain greater transparency in the supply chain and sustainability in multiple business processes with the help of state-of-the-art technological solutions. For instance, BASF Corporation and arc-net – a technology company head quartered in Belfast, Northern Ireland – to incorporate the Blockchain technology in analyzing and capturing various sustainability parameters in livestock production. While technology calls for initial investments and high capital, the adoption of next-generation technological solutions is only likely to be observed among leading players in the liquid feed supplements market.

Increasing Demand for Liquid Feed Supplements with Poultry Nutrition Additives

Taking into consideration the increasing demand for poultry meat, stakeholders in the liquid feed supplements market are focusing on catering the specific nutrition needs in the poultry industry. By bolstering the research & development activities to introduce innovation in poultry nutrition additives, liquid feed supplement manufacturers are aiming to expand their customer base including poultry producers. Leading players in the market are expected to introduce liquid feed supplements with essential amino acids, vitamins, organic trace mineral feed, area-speci?c mineral mixtures, and macro and micro-minerals for sustainable poultry production. However, in the coming years, the demand for liquid feed supplements is expected to grow at a significant rate in the ruminants segment.

Positive Sales Opportunities in the Livestock Sector in Asia Pacific

Stakeholders in the liquid feed supplements market are noticing the increasing growth of the meat industry and livestock sector in Asia Pacific, and are modifying their business strategies to expand presence in the region. Manufacturers are aiming to capitalize on increasing awareness among stakeholders in Asia Pacific’s livestock sector about the importance of animal health and feed nutrition. This is expected to bolster the sales potential of liquid feed supplements in the region, creating new sales opportunities for market players. Leading manufacturers in the liquid feed supplements market are investing heavily in developing countries in Asia Pacific, such as China and India, to cater to the increasing domestic demand and incur more profits in the coming years.

The research report presents a comprehensive assessment of the liquid feed supplements 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 liquid feed supplements market is broadly segmented according to the type, source, and feedstock.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

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

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Managed Workplace Services Market is likely to Reach US$ 99.4 billion by 2032

Enterprises represent a substantial chunk of workforce, which is why it is in their best interest to determine how to retain them and simultaneously improve their productivity. Managed workplace services are about providing a standardized environment which is smart, agile, and scalable, to bridge the gap between business productivity and end-user’s expectations for an integrated, customized and flexible services.

The managed workspace services market is projected to grow at a CAGR of 12.0 percent from 2022 to 2032, from US$ 28.7 billion in 2022 to US$ 99.4 billion by that time.

It is achieved by instituting more flexible IT workstations and traditional workplace processes, and integrating them to support end-users. Managed workplace services provide end-to-end approach in workflow processes through platforms such as desktop delivery, mobility, service desks, collaboration, and user-support, while reducing operational IT costs. This caters the modern need of digitally optimized workplace.

Managed workplace services help in transforming workplaces into customized, innovative and intelligent workplaces, by striking a balance between existing IT infrastructure and digital IT, aiming to connect employees, data, and applications present at the workplace.

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Managed Workplace Services Market: Drivers and Restraints

The digital transformation in the workflow processes of enterprises is one of the biggest driver of managed workplace service market.

Managed workplace services aims for a workplace to evolve from a technology-centric approach to workplace centric approach, being another driver for this market. Increased automation, user satisfaction and freedom due to mobile access, and enhanced productivity in an organisation are also some factors resulting in the growth of managed workplace services market.

However, factors such as complexity in finding a solution which integrates traditional and digital services and confidential data breach at an incident, are some challenges faced by managed workplace services market.

Managed Workplace Services Market: Segmentation

Managed workplace services market can be segmented on the basis of service type, enterprise size, end-user vertical, and region wise. On the basis of service type, managed workplace service market can be sub-segmented into mobility services, desktop services, service desks, collaboration services, management services and others.

On the basis of enterprise size it is further segmented into small and medium enterprise, and large enterprise. Considering end-user vertical it is categorized into BSFI, Government, IT and Telecom, Healthcare and Life sciences, Manufacturing and Automotive, Transportation and Logistics, Retail, Media and Entertainment, and Others.

Managed workplace services market is sub-segmented into key regions such as North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.

Managed Workplace Services Market: Regional Overview

Managed workplace services market is dominated by North America and Europe due to presence of workplace services vendors and presence of enterprises actively working to build and improve their capability to sustain their leadership positions. In Asia-Pacific region, managed workplace services market is showing a considerable growth due to presence of substantial workforce in countries such as China and India and technological advancements in IT sector.

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Regional analysis for Biometric Lockers Market includes development of these systems in the following regions

North America
- By US
- By Canada
Latin America
- By Brazil
- By Mexico
- By Others
Europe
- By U.K.
- By France
- By Germany
- By Poland
- By Russia
Asia Pacific
- By Australia and New Zealand (ANZ)
- By Greater China
- By India
- By ASEAN
- By Rest of Asia Pacific
Japan
Middle East and Africa
- By GCC Countries
- By Other Middle East
- By North Africa
- By South Africa
- By Other Africa

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Jumbo Bags Market Share, Growth Trends, and Forecast Analysis to 2030

The jumbo bags market is estimated to grow by 1.5x between 2020 and 2030 in terms of revenue. By 2021, therefore, the market’s valuation is expected to surpass US$ 5.8 Bn.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for jumbo bags. The report tracks the global sales of jumbo bags in 20+ high-growth markets, along with analysing the impact COVID-19 has had on the packaging industry in general, and jumbo bags in particular.

In a recent study of the Jumbo Bags market, FMI revealed that by 2030 the market will register an impressive CAGR and the market value will exceed $5.8 billion. Until 2021. Demand for jumbo bags is expected to continue to surge due to the growing demand for durable, cost-effective and space-saving packaging.

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“Jumbo bag manufacturers around the world are taking advantage of the growing demand in a variety of industries. Food and agriculture, building and construction, and pharmaceutical industries are also seeing trends in spending on effective solutions for bulk packaging and safe delivery.” FMI analysts say:

Jumbo Bags Market – Key Highlights

For bulk packaging, Category C jumbo bags are strongly recommended because of industry standards.
Growth in the chemical fertilizer business is boosting the jumbo bag market. Throughout the forecast era, FMI has predicted that FMI will remain the primary end user.
Jumbo bags in sizes 200kg – 750kg are more common in the market and are expected to maintain high demand over the forecast period.
North America, led by the US, is estimated to dominate the market during the forecast period.

Jumbo Bag Market – Drivers

Flexible packaging types are gaining popularity due to many advantages over rigid packaging types driving the market growth.
Jumbo bags or bulk bags are mainly used for transporting and packaging bulk products in various end-use industries such as chemicals and fertilizers, building and construction, food and agricultural products, pharmaceuticals, minerals and mining, etc. Demands in these industries include: Drive market growth.
Additionally, the jumbo bag market is growing due to the industrial demand for smaller and personalized bag sizes with damage-resistant shipping characteristics.

Jumbo Bag Market – Confinement

Strict government guidelines on product sustainability are hampering the growth of the market.
The outbreak of COVID-19 is expected to harm the market.

Impact of COVID-19 on Jumbo Bags Market

The unprecedented COVID-19 pandemic is expected to hamper the jumbo bag market growth. At several levels, the COVID-19 pandemic is now impacting the global economy, and its impact is also visible in the automotive aftermarket.

Growth is expected to be impacted by the COVID-19 pandemic crisis, with demand expected to decline significantly in 2021. Uncertainty in the retail and supply chain markets has also slowed profitable growth, with many end-use industries affected in many countries. However, as the market continues to improve, the economy is likely to enter a recovery process.

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Competitive Landscape

Several leading players in the market are focusing on research and development (R&D) initiatives and product innovations to make their products stand out amid competition. Some of them specialize in short lead times, fast turn-around, and production of jumbo bags in small quantities. Big players such as Berry Global Group Inc., Greif Inc., and Intertape Polymer Group (IPG) are currently boasting stronghold in the market yet they are relying on product launches.

For instance:

Berry Global Group Inc. introduced a latest product line of Flexible Intermediate Bulk Containers (FIBC) − Bulk Container Liners, which offers an efficient, economical, and easy solution for shipping, transporting and storing dry bulk goods for a variety of end-use industries, such as agriculture, minerals, chemicals, food, and other
In 2019, Greif Inc. considered Food Safety Initiative and launched Seal Guard Flexible Intermediate Bulk Container (FIBC) made with polyethylene (PE) using an automated bonding process that allows for anti-contamination and leak-free transportation, better protects against moisture without using an inner liner, and reduces risk of tearing during filling processes
Intertape Polymer Group (IPG) has strategic alliance partners in China, India, Mexico and Korea where IPG demonstrates value-added supply initiative by providing its full line of cost-effective jumbo bags to the consumers globally

Jumbo Bags Market by Category

Bag Type:

Type A
Type B
Type C
Type D

Capacity:

Less than 200 kg
200 kg- 750 kg
750 kg – 1500 kg
1500 kg and above

Design:

U-Panel Bag
Four Side Panel
Baffle
Circular/ Tabular
Cross Corner

End Use:

Building & Construction
Chemicals & Fertilizers
Food Products & Agriculture
Pharmaceuticals
Others (Mining)

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

Market Overview

2.1. Market Coverage

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation Trends

Key Success Factors

4.1. Product Adoption Analysis

4.2. Product USPs / Features

TOC Continued…

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Thermal Insulation Packaging Market Competitor Analysis, Winning Strategies and Growth Drivers 2030

The report covers various factors affecting the Thermal Insulation Packaging market. FMI provides in-depth insights into the market. It presents the study in a coherent chapter-wise format, interspersed with data and relevant info graphics. The report adopts an analytical approach to help our clients get better understanding about the market. Our expert market research analysts in the food & beverage industry domain carries out an extensive primary and secondary research with the help of digital intelligence for optimized decision making.

FMI, in its latest Thermal Insulation Packaging market report, offers the bird’s eye view on the historical and upcoming growth in terms of production, consumption, volume, and value. The report is classified on the basis of key segments, sub-segments, according to the major regions and offers an in-depth analysis on competitive landscape.

The report offers a comprehensive, discussing in details upcoming trends, opportunities and challenges that will aid the expansion of the Thermal Insulation Packaging market.

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COVID-19 Impact Analysis on Thermal Insulation Packaging Market

The recent outbreak of the COVID-19 has significantly impacted the food and beverage industry. Since the pandemic and various lockdown restrictions, hotel industries had to take shelter within e-commerce industry to provide online delivery services and food to consumers.

Manufacturers have adapted the new normal of ‘take-away’ food and groceries to maintain their financial revenue in the crucial times. With the relaxation in lockdown, the food and beverages industry is expected to witness a moderate growth through 2022 and beyond.

FMI provides a detailed chapter on the impact of Covid-19 on the global Thermal Insulation Packaging market. This allows the established and emerging economies to understand the economic market scenario during the pandemic and benefits them in making profound business decisions through the cost-effective solutions.

Important Questions Answered in the Thermal Insulation Packaging Market Report

Which end user is expected to create lucrative growth opportunities for the global Thermal Insulation Packaging market?
How is the Thermal Insulation Packaging market likely to evolve in the upcoming years?
What are the upcoming trends and opportunities likely to prevail the Thermal Insulation Packaging market in the future?
What innovative strategies are adopted by Thermal Insulation Packaging market players to stay ahead of the pack?
Which region is expected to be the most lucrative region for the Thermal Insulation Packaging market?
What are the restraints affecting the growth of the global Thermal Insulation Packaging market?

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Thermal Insulation Packaging Market: Segmentation

Detailed analysis covered in the FMI’s Thermal Insulation Packaging market report has been classified into key segments and sub-segments.

Packaging Type

Passive Packaging
- Single Use or One Way use Packaging
- Multiple Use or re-usable Packaging
Active Packaging
- Reefer trucks and Containers
- Active Pallet Containers
Cold Storage
- Refrigerators
- Freezers

Insulation Material

EPS
PUR
VIP
PCM
Others

Thermal Insulation Packaging Market: Competitive Analysis

The latest study by FMI presents a detailed view on the market players operating in the Thermal Insulation Packaging market. With an in-depth analysis on positioning of prominent players as well the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.

Key players profiled by FMI in Thermal Insulation Packaging market includes:

Emball’ISO
Sonoco ThermoSafe
Pelican Products, Inc.
Cold Chain Technologies, Inc.
Sofrigam SAS
CSafe Global, LLC
Insulated Products Corporation
Cryopak Industries Inc.
Snyder Industries, Inc.
va-Q-tec AG
Inmark LLC
DGP Intelsius Ltd.
The Sure Chill Company Limited

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Significant Contributions to the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

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