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Trade Management Software Market is Anticipated to Grow at a Value of 10.9% CAGR from 2022 – 2032 | FMI

The trade management software market is expected to grow at a value of 10.9% CAGR during the forecast period 2022-2032, according to Future Market Insights. The market is expected to reach US$ 1.2 Billion in 2022 and US$ 3.4 Billion by 2032. Trade management software enables businesses to improve their sales and increase the ROI of their marketing spending from manufacturer to wholesaler to retailer, and finally to the consumer.

Importers and exporters can also use trade management software to help them manage international trade difficulties. Furthermore, in today’s compliance-driven and security-conscious market, they help decrease the risks and control the expenses involved with international trade. These will be the primary drivers of this market.

As the volume of worldwide trade grows, so does the need for better global logistics and cargo tracking. Trade management software includes capabilities that assist traders and businesses in reducing supply chain and compliance risk. It connects importers and exporters to their international suppliers, logistics providers, brokers, and carriers. Companies can also use the software to maintain visibility and monitor cross-border transactions. The programme decreases risk and aids in the effective control and management of imports-exports, as well as regulatory and legal rules, by automating the coordination of cross-border transactions.

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Furthermore, the significant increase in worldwide traffic as a result of expanding globalization, as well as the creation of new trade routes, will help satisfy the increased freight transport demand growth in the coming decades. The additional marine, barge, and rail routes will contribute to such demand growth while also altering trade flows and logistical tactics. Organizations can use trade management software to optimize the usage of new trade routes. Furthermore, the integration of technologies like AI, ML, IoT, and others is paving the way for connected logistics, which is expected to drive the demand for trade management software even further.

During the projected period, APAC is expected to lead the worldwide trade management software market. APAC comprises various growing countries that are seeing tremendous growth in their own manufacturing sectors; the region has evolved into a worldwide manufacturing powerhouse. China, along with other developing countries like India, South Korea, and Vietnam, is enticing a lot of businesses to relocate their low- to medium-skilled manufacturing operations to neighbouring countries with lower-cost labor.

Key Takeaways from the Market Study

In 2022, the global trade management software market is estimated to have a global market size of US$ 1.2 Billion
By component, the solutions segment took 35% of the global trade management software market share in 2021
By deployment type, thecloud segment acquired a market size of 28% in 2021.
Transportation and logistics segment is expected to grow with 10.6% CAGR during 2022-2032.
Asia Pacific to be a highly opportunistic market, expected to grow at a 10.3% CAGR
Over 2/5^th of the global trade management market revenue will be contributed by North America

“As global trade operations multiply, importers and exporters are relying on trade management software to strengthen communication with trade partners and manage global trade operation, thus bolstering market prospects in the future,” comments a Future Market Insights analyst.

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Competitive Landscape

In 2021, Oracle partnered with Pharmaniaga Berhad. Pharmaniaga Berhad (Pharmaniaga) has selected Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to improve logistical operations for COVID-19 vaccine delivery in Malaysia. Pharmaniaga can improve the efficiency and security of its logistics operations by adopting Oracle Cloud SCM to automate planning and execution processes and receive real-time shipment analytics.
SAP Hong Kong and consulting behemoth Deloitte collaborated in 2021 to bring major benefits to cross-border trade firms. Deloitte, in collaboration with SAP, offers one-stop end-to-end global trade services, including SAP GTS-enabled Smart GTS.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global trade management software market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of component Types (services, solutions), by deployment (on-premise, cloud), organization size (SMEs, large enterprises), by vertical (Transportation And Logistics, Government And Public, Healthcare And Life Sciences, Aerospace And Defense, Manufacturing, Consumer, Goods And Retail, Energy Utilities, Others) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Covered in the Trade Management Software Market Report

Trade Management Software Market by Component:

Trade Management Software Solutions
Trade Management Software Services

Trade Management Software Market by Deployment:

On-premise Trade Management Software
Cloud based Trade Management Software

Trade Management Software Market by Organization Size:

Trade Management Software for SMEs
Trade Management Software for Large Enterprises

Trade Management Software Market by Vertical:

Trade Management Software for Transportation and Logistics
Trade Management Software for Government and Public
Trade Management Software for Healthcare and Life Sciences
Trade Management Software for Aerospace and Defense
Trade Management Software for Manufacturing
Trade Management Software for Consumer Goods and Retail
Trade Management Software for Energy Utilities
Trade Management Software for Other Verticals

Trade Management Software by Region:

North America Trade Management Software Market
Latin America Trade Management Software Market
Europe Trade Management Software Market
Asia Pacific Trade Management Software Market
Middle East & Africa Trade Management Software Market

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About Us

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

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Pedicle Screw Systems Market is expected to increase at a CAGR of ~4.6% during the forecast period of 2022-2029

[318 Pages Report] A new market research report by Future Market Insights on the pedicle screw systems market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report investigates the pedicle screw systems market and provides critical insights for the forecast period of 2022 – 2029. As per the findings of the report, the global pedicle screw systems market is projected to experience a significant growth over the forecast period, due to number of driving factors such as increasing geriatric population with degenerative diseases across geographies.

The global pedicle screw systems market was valued at ~US$ 4.46 Bn in 2021, and is expected to increase at a CAGR of ~4.6% during the forecast period of 2022-2029. This growth is majorly driven by the increasing implantation of pedicle screw systems for management of degenerative diseases of the lumbar spine in elderly population, development of minimally invasive techniques that replace traditional open spine surgeries, increase in demand for short-segment surgical treatments and increasing prevalence of delirium in the perioperative period in the elderly population and others.

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As robotic and minimally invasive surgeries gain prominence in today’s operating rooms, manufacturers of pedicle screw systems are placing their focus on novel technologies to maintain innovation supremacy. According to FMI’s analysis, market players are also targeted towards newer materials with improved biomechanical performance.

Data Points	Market Insights
Market Value 2021	USD 4.46 Bn
Market Value 2022	USD 4.71 Bn
Market Value 2029	USD 6.46 Bn
CAGR 2022-2029	4.6%
Share of Top 5 Countries	73.7%
Key Players	The key players in Pedicle Screw System Market are Medtronic plc, Aesculap Implant Systems LLC, Alphatec Holdings Inc., DePuy Synthes Inc., Evolution Spine LLC, Exactech Inc., Globus Medical Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Orthofix Inc., Qualgenix LLC, RTI Surgical Inc., Solco Biomedical Co Ltd., Stryker Corp, Synthes Inc.

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East Asia’s Market Attractiveness Rising

North America and Europe are anticipated to hold relatively high shares in terms of value in the global pedicle screw systems market. However, the East Asia market is expected to project lucrative growth in the global pedicle screw market over the forecast period of 2019-2029. This growth in the region is propelled by rapid healthcare investments and favorable government policies in China to encourage many start-up companies including medical device companies engaged in pedicle screw production to setup their manufacturing facilities. Besides, presence of technologically advanced country such as Japan will also boost the growth of the pedicle screw system market in the region. Japan has been reaping the first-mover advantage banking on its technological primacy, which is further complemented by technological sophistication in elderly care within the country. New robotic system are thus being implanted for guiding the pedicle screw system implementation in elderly patients, thereby solidifying Japan’s position in the global market.

Considering the rising demand for pedicle screw systems in East Asia, many local as well as international manufacturers are focusing on the development of low-cost pedicle screw systems meant for spinal navigation. There is also a growing trend in China to manufacture pedicle screw systems or spinal implants using titanium alloys. Pedicle screw systems including screws, rods, cages and plates are being manufactured with titanium over steel, as they offer high tensile strength, enhanced durability, and lightweight properties. With increasing demand for titanium-based spinal implants in the region, it is attracting key players and local manufactures to invest more in the region.

Hospitals to Remain Key End User of Pedicle Screw Systems

The global market of pedicle screw systems has been segmented on the basis of different material, multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

By material, titanium alloy is expected to witness significant adoption in the global pedicle screw systems market. Increasing demand for titanium alloy can be attributed to its physical endurance properties that make it as one of the safest and more reliable materials for spine surgical implants.
Rise in the use of pedicle screw systems for treating fractures is likely to result in increased market share during the forecast period. Growing number of road accidents, trauma, orthopedic, degenerative disc disease, fracture, dislocation and spinal tumor offers substantial market potential for pedicle screw system. Further, introducing advanced pedicle screw system based on instrumentation design for smooth implantation, and increasing their applications in numerous surgical spine facture procedures will help in leveraging untapped market opportunities.

Pedicle Screw Systems Market: Manufacturer Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global pedicle screw market. Some of the examples of key players in the global pedicle screw systems market are Medtronic plc, DePuy Synthes Inc, Zimmer Biomet Inc, Stryker Corp, Orthofix Inc and NuVasive Inc., among others.

The global pedicle screw systems market is significantly consolidated with some players holding prominent shares of the market. These players are offering pedicle screw systems under their popular brands such as CD Horizon® Spinal System, EVEREST Minimally Invasive and EXPEDIUM® System, among others.

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Pedicle Screw System Market by CategoryBy Product:

Cervical Pedicle Screw Systems
Thoraco-Lumbar Pedicle Screw Systems

By Material:

Stainless Steel
Titanium Alloys
Unalloyed Titanium

By Application:

Spondylolisthesis
Fracture
Scoliosis
Spinal tumor
Failed fusion
Others

By Level of Surgery:

One-level Pedicle Screw Systems
Two-level Pedicle Screw Systems
Three-level Pedicle Screw Systems
Four-level and higher Pedicle Screw Systems

By End-User:

Hospitals
Ambulatory Surgery Centers
Specialized Clinics

By Region:

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

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Breast Pumps Market valuation of US$ 2.45 Bn by the end of 2030, up from US$ 1.72 Bn in 2022.

[250 Pages Report] During the forecast period of 2022 to 2027, sales of breast pumps are anticipated to increase at a CAGR of 4.6% and reach a market valuation of US$ 2.15 Bn by the end of 2027, up from US$ 1.71 Bn in 2022.

Breast Pumps Market Size (2022)	US$ 1.71 Bn
Revenue Forecast (2027)	US$ 2.15 Bn
Global Market Growth Rate (2022-2027)	4.6% CAGR
Market Share of Homecare Settings	61.5%

The FMI Study titled “Breast Pump Market – Global Industry Analysis 2012–2021 and Opportunity Assessment 2022–2027”, highlights the potential factors fuelling the revenue growth of the breast pump market globally. A breast pump is a medical device used to elicit breast milk from lactating women. Breast pump products are available in two models, including manual breast pumps and electrical breast pumps. Electric breast pumps are available in two formats: single electric breast pumps and double electric breast pumps.

This report analyzes total revenue generated through sales of breast pump products, which include manual breast pumps and electric breast pump devices for breast feeding. Breast pump products are increasingly becoming a necessity among working women across the world as the inclusion of women in workforce is increasing globally.

Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

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Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyle, which is fuelling the demand for breast pumps among urban women. According to WHO, the global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. Rise in healthcare expenditure is expected to boost overall adoption of breast pumps among women, especially in Asia Pacific.

Breast pump adoption is as high as 85% among breast feeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete package of breast pumps, which is anytime more profitable than isolated sales. Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel breast pump market revenues in the global electric breast pumps market during the forecast period.

Key Players

Koninklijke Philips N.V.,
Pigeon Corporation,
Newell Brands,
Medela Inc.,
Ameda Inc.,
Hygeia II Medical Group Inc.,
Bailey Medical,
Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

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The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in breast pump market are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using latest technologies.

Availability of BPA free breast pump products is fuelling breast pump adoption in developed as well as more the affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk container or feeding bottle rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA free breast pump products are Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

Rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the breast pump market. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding related products to various neonatal intensive care units across the U.S.

Some of the leading breast pump manufacturing companies analyzed in the report include Koninklijke Philips N.V., Pigeon Corporation, Newell Brands, Medela Inc., Ameda Inc., Hygeia II Medical Group Inc., Bailey Medical, Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

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Additional Questions Answered

Readers can find detailed information about the important positive and negative factors likely to affect the Breast Pump market during the forecast period. Additionally, this Breast Pump market report also contains valuable information that can provide Breast Pump manufacturers with answers to critical questions, such as

Which types of products account for the maximum demand in Breast Pump market and why?
Why is the sales of Breast Pump services and products highest in North America?
Which regulations in various regional segments are influencing the strategies of players in the Breast Pump market?
Why is APEJ currently attracting traction in the Breast Pump market?
What are some of the current technology types and trends adopted by various Breast Pump companies?
What are the promotional strategies being applied by breast pump manufacturers in order to sustain themselves in the competitive Breast Pump market?

Key Segments Covered

by Product Type

Open System Breast Pumps
Closed System Breast Pumps

by Technology Type

electric
manual breast pumps

by End User

homecare settings
healthcare facilities

by Region

North America
Latin America
Western Europe
Eastern Europe
Japan
Asia Pacific Excluding Japan (APEJ)
the Middle East & Africa (MEA).

About FMI:

Acetaminophen Market is expected to reach US$ 14.07 Billion by 2031

[332 Pages Report] According to a recent study by Future Market Insights (FMI), the global acetaminophen market is expected to grow from US$ 9.4 Bn in 2021, to over US$ 14.1 Bn by 2031, expanding at a 4.1% CAGR over the forecast period 2021-2031.

Acetaminophen/ paracetamol is widely being adopted by individuals and healthcare providers and are sold over the counter, which is boosting sales in the market. Paracetamol is widely consumed as it is suitable to all age groups i.e. adults, children’s, pediatrics and geriatrics to treat mild to moderate pain. Paracetamol is the most efficient and safe drug to manage pain when consumed in a controlled dosage.

The most prescribed OTC (over the counter) drug is acetaminophen, which is widely used as the first line of treatment. As chronic disorders have symptoms of pain, demand is projected to increase over the forecast period.

According to the CDC, in 2019, 20.4% of adults had chronic pain and 7.4% of adults had chronic pain that frequently limited life or work activities. Similarly, in the U.K., around 26% of patients with diabetes were found to have peripheral neuropathic pain. Paracetamol can be combined with other pain management drugs that are sold through prescription only, which is expected to continue boosting sales.

Further, increasing awareness regarding palliative care in terminally ill patients is boosting the adoption of analgesics for pain management. Since the prevalence of pain is over 75% in advanced disease conditions, sales are expected to gain traction in the forthcoming years.

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In the U.S., palliative care services are delivered following government and commercial reimbursement policies. Hospital palliative care programs in the U.S. include palliative care consultation teams and dedicated in-patient care units. Non-hospital palliative care programs include ambulatory care, and office and home-based palliative care programs.

Healthcare companies are collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients. In addition to this, manufacturers are investing in product development to improve sales in the market. For instance, in 2020, Haihe Pharmaceutical Co. Ltd. outsourced the China rights to its non-opioid analgesic candidates, RMX-1001 and RMX-1002, to 3D Biomedicine Science & Technology Co. Ltd.

global acetaminophen market

Key Takeaways:

Based on product type, the acetaminophen segment is projected to growt at a 4.1% CAGR through 2031.
The oral route of administration segment accounted for 92.4% of the total market share in 2021.
In terms of sales type, the OTC (over the counter) segment accounted for 91.6% of the global market share in 2021.
Sales through retail pharmacies will continue gaining traction. In 2021, the segment accounted for 28.5% of the total market share.
North America held the largest share of 33.0% of the global acetaminophen market in 2021, and the trend is expected to continue over the assessment period.

“Growing demand for self-aid and cost-effective OTC pain relievers, along with increasing usage of acetaminophen as the first line of treatment for pain management are the key factors projected to drive the market in the forthcoming years,” says the FMI analyst.

Competition LandscapeLeading players operating in the global acetaminophen market are Abbott, Janssen Pharmaceuticals, Inc. [Johnson & Johnson], Bristol-Myers Squibb and Company, Cardinal Health Inc., Viatris, Procter & Gamble Company, Sanofi, Novartis AG, Bayer AG, Teva Pharmaceutical Industries Ltd, Perrigo Company, Mallinckrodt Pharmaceuticals, Glaxo SmithKline Pharmaceuticals Ltd, Sun Pharmaceutical Industries Ltd, and Sun Pharmaceutical Industries Ltd.

Some of the leading companies of the acetaminophen market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence. For instance:

Johnson & Johnson, In March 2020, announced that it will be boosting up production of its flagship product Tylenol which is an over-the-counter pain killer
GlaxoSmithKline, In February 2020 was approval by the Food and Drug Administration for Advil Dual Action, with acetaminophen as an over-the-counter (OTC) product for pain relief.

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

The study provides compelling insights into the acetaminophen market. The Market is segmented into four parts based on product (acetaminophen, acetaminophen with opioids, others) based on the route of administration (oral, injectable, others) based on sales type (OTC (over the counter) and RX (prescription) based on the distribution channel (hospital pharmacies, retail pharmacies, drug stores, e-commerce, others) and across seven major regions.

Acetaminophen Market By CategoryProduct Type :

Acetaminophen
Acetaminophen with Opioids
Others

Route of Administration :

Oral
Injectable
Others

Sales Type :

OTC (Over-the-counter)
Rx (Prescription)

Distribution Channel :

Hospital Pharmacies
Retail Pharmacies
Drug Stores
E-commerce
Others

About FMI:

Community Cloud Market Expectations & Growth Trends Highlighted Until 2031

The Community cloud demand is expected to grow at a CAGR of around 24% during the forecast period 2021-2031. Global demand for high performance with low latency infrastructure is a significant driving factor for community cloud industry. Along with it, achieving economies of scale by use of shared cost model, shared concerns for data redundancy, security and compliance, and green computing initiative for reducing number of servers are some of the factors leading to the adoption of community cloud market.

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What is Driving Demand for Community Cloud?

The demand for cloud solutions has been surging over the past few years. Different industries are increasingly adopting cloud solutions to remain competitive by cutting down on information technology infrastructure costs.

Community cloud helps in further reduction of infrastructure cost as the cost incurred is shared among different stakeholders. Regulatory compliance, spending by governments towards community cloud solutions and demand arising from different industry verticals are some of the major factors propelling the growth of this market.

Additionally, huge spending by various governments has increased the pressure on organizations to comply with regulatory standards. Several organizations have already started adopting shared cloud model. This is estimated to further drive the adoption of community cloud model in the coming years.

Healthcare Sector to Emerge as the Fastest Growing Industry

Healthcare organizations have been steadily, but cautiously, transitioning to the cloud. In addition to frequent mergers and acquisitions demanding the consolidation of information, data sharing and collaboration are becoming increasingly important. Those with a vested interest in healthcare data are seeking ways to streamline the information sharing process, while protecting sensitive patient data.

Healthcare community cloud provides a solution for people at different endpoints to access this information conveniently and securely. Hospitals, physician groups, healthcare clearinghouses, health plan administrators, and other members of the healthcare community are revolutionizing the way they collaborate via the cloud.

Moreover, virtual health has revolutionized healthcare, extending provider networks, lowering costs, and satisfying patients. Technology can sustain these gains by ensuring seamless digital interactions, and reliable, secure access to remote data. These factors are thus expected to provide a seamless approach for the growth of community cloud sales over the next ten years.

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US Community Cloud Industry Analysis

U.S. community cloud is the largest market for hybrid and community clouds due to the technological advancements and early adoption of technology in North America. The presence of numerous vendors, such as Microsoft Corp., Oracle Corp., Amazon.com Inc., and IBM Corp., and the higher propensity to adopt new technologies are expected to help this region maintain its position in the market.

In the U.S., companies place a strong emphasis on digital transformation and are often considered among the early adopters of next-generation technologies, such as IoT, additive manufacturing, connected industries, big data analytics, Artificial Intelligence (AI), machine learning, AR, and VR, as well as the latest telecommunication technologies, such as 4G, 5G, and LTE. The continued adoption of the latest technologies by enterprises in the U.S. bodes well for the growth of the community cloud market.

East Asia Sales Forecast for Community Cloud

The market in East Asia is projected to provide significant growth opportunities during the forecast period. Notably, community cloud have gained huge traction in East Asia, as enterprises seek to enhance their digital initiatives. The increasing availability of skilled labor and keen focus provided by SMEs and large enterprises to enter and grow in this region are a few factors driving the adoption of cloud computing in this region.

Organizations are working on optimizing both application performance and ensuring good customer experience. With the pressure to achieve greater business agility and satisfy their customers, cloud computing has become the core of how many businesses operate nowadays.

Who are the Key Community Cloud Providers?

Some of the leading providers of community cloud include

Amadeus IT Group SA
Atos SE
Google Inc.
Amazon Web Services LLC
Computer Sciences Corporation
IBM Global Services
Akamai Technologies, Inc.
Broadcom Inc.
Dell Inc.|
Cisco Systems

Community Cloud Market Report Highlights:

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

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Key Segments

By Component:

Hardware
Software
Services

By Application:

Backup and Recovery
Security and Data Privacy
Storage
Analytics
Others

By Industry:

BFSI
Telecom and IT
Media and Entertainment
Transportation & Logistics
Healthcare

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific

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First Aid Market size is expected to be US$ 800.38 Million by 2032

Future Market Insights (FMI), in its latest report titled, “China First Aid Market Assessment and Opportunity 2014 – 2020”, projects the China first aid market to exhibit a CAGR of 6.3% between 2015 and 2020. Adoption of aggressive promotional campaigns are key factors driving growth of the market.

The report is focused on basic first aid products such as adhesive bandages, disinfectants and gauzes. Though the basic wound care segment in China accounts for miniscule share of the overall wound care market in China, it is expected to witness significant growth over the next few years. Increasing awareness about non-traditional first-aid products among consumers in Tier 2 and Tier 3 cities is the prime driving factor for the market in the region.

As of 2014, basic first aid products accounted for less than 20% share of the overall wound care market in China. Strategies such as innovative product packaging along with aggressive market campaigning has led to surge in demand for these products in China. Government emphasis on healthcare policies, liberalization of policies related to distribution of licenses and FDI influx are other key driving factors of the first aid market in China. On the flipside, low healthcare expenditure and higher preference for Chinese traditional medicines among consumers is a major restraint for non-traditional wound care product manufacturers.

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The report analyses the China first aid market in terms of sales revenue (US$ Mn) by product, cities and by retail sales channel and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

On the basis of city, the China first-aid market has been segmented into Tier 1, Tier 2 and Tier 3 Cities. Among Tier 1 cities, Shanghai offers good market opportunities for first-aid products manufacturers. It is anticipated to generate 1.4X higher sales revenue by the end of the forecast period as compared to that in 2014. Disinfectant products are anticipated to account for over half of the sales revenue in Tier 1 cities, followed by gauzes and bandages respectively. Tier 2 cities are expected to generate 1.3X higher revenue than Tier 3 cities by the end of 2020.

Among retail sales channels, drugstores and pharmacies are key channels for sales of adhesive bandages. Hospitals are the key channel for sales of gauzes. Hospitals account for major share of retail sales in Tier 3 cities in China. Though drugstores, pharmacies and hospitals are key retail sales channels for adhesive bandages and gauzes, modern retail sales channel are the most preferred mode for sales of disinfectants. Hypermarkets and supermarkets account for over 60% share of retail sales of disinfectants.

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By product type, the China first aid market has been segmented into adhesive bandages, gauzes and disinfectants (antiseptics). While disinfectants are projected to be the largest market segment throughout the forecast period, its presence is limited to Tier 1 and Tier 2 cities in China. The disinfectant products segment is anticipated to register a CAGR of 7.5% between 2014 and 2020. Reckitt Benckiser and Walch are key players in this product segment. Organized players account for significant market share in the disinfectants products segment. Among products, gauzes (woven and non-woven) covers significant market in Tier 3 cities in China. Sales revenue of adhesive bandages is further segmented into butterfly stiches, transdermal bandages and special bandages. Transdermal bandages account for significant market share in the adhesive bandages segment.

Key players in the China first aid market include:

Johnson and Johnson
Winner Medical Group Co.
Reckitt Benckiser
Yunnan Baiyao
3M Company
Nepstar Drugstore
7-Eleven
Beijing Hualian Group
A.S Watson Group.

Key Segment By Product Type

Bandages
Gauzes
Disinfectants

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8K Technology Market : Notable Developments & Geographical Outlook 2031

The 8K technology market is expected to grow at a CAGR of 55.5% during the forecast period of 2021-2031. The 8K Technology refers to the image resolution, with a size of 8000 pixels. The image resolution is usually used in the production of detailed color applications. 8K UHD (Ultra-High-Definition) is the highest resolution measuring 7680 × 4320 pixels defined in the Rec.

2020 standard. It provides the visualization of the image with an improved angle and high clarity. Technological advancement is being observed in the past few years with increasing demand for UHD screen or display among end users, due to enhanced picture quality, brighter colors, and image depth.

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What is Driving Demand for 8K Technology?

Increase in the use of 8K UHD screen or display in television is one of the major factor responsible for the market growth. Rise in the demand from end-users for UHD screen or display owing to its technological advancements has been observed in the past few years, which is boosting the market growth. Moreover, 8K technology display devices are gradually increasing in all the industries which include of medical, entertainment, and sports, among others.

Consumer Electronics is Expected to Hold the Largest Share of the 8K Technology Market by End-User

On the basis of end-user, the market for 8K technology is segmented into consumer electronics, commercial applications, and healthcare & medical. Out of which consumer electronics is anticipated to hold the largest share of the global market.

The growth of the segment can be attributed to the increasing demand for larger-sized TVs with improved picture quality, brighter colors, image depth, and higher resolution has been directly impacting the growth of 8K technology market during the forecast period. Consumer electronic segment is anticipated to increase the demand of consumer goods such as monitor, television, and notebooks. Therefore, consumer electronics is expected to hold the largest share of the 8K technology market.

North America 8K Technology Demand Outlook

North America is one of the largest markets for 8K technology across the globe. The growth in the region is majorly attributed to the growing demand of the larger-sized TVs with improved picture quality, brighter colors, image depth, and higher resolution. Also, rising expenditure in the R&D within the region is responsible for the market growth.

Moreover, North America happens to be the most rapidly changing and competitive market across the globe. Besides, the region is also expected to adopt new technologies at a faster pace as compared to other countries across the globe.

Asia Pacific Demand Outlook for 8K Technology

Asia Pacific is anticipated to hold the largest market share of the 8K Technology during the forecast period followed by North America. The major factor responsible for the growth in this region is increasing demand for high clarity display devices coupled with technology advancement in the region.

Additionally, presence of the major companies is also responsible for the market growth in the region. Furthermore, the increasing number of manufacturing bases in the region is driving the sales of 8K technology display devices in the region.

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Who are the Key Manufacturers and Suppliers of 8K Technology?

Some of the leading manufacturers of 8K technology market are

Samsung Electronics
Digital Projection
Sony Corporation
Innolux Corporation
BOE Technology
Japan Display Inc.
Panasonic Corporation
AU Optronics Corp.
Sharp Corporation
Leyard Optoelectronic
JVCKENWOOD Corporation

8K Technology Market Report Highlights:

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

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Key Segments

By Product Type:

Television
Monitor and Notebook
Professional Camera
Projector

By Screen Resolution:

7680×4320
8192×4320
8192×5120
8192×8192

By End-User:

Consumer Electronics
Commercial Applications
Healthcare and Medical

By Region:

North America
Latin America
Europe
East Asia
South Asia
Middle East

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Crown Closures Market | Potential growth, attractive valuation make it is a long-term investment 2022-2027

In 2022, the worldwide crown closures market holds a net worth of US$ 1.1 Bn. The market is projected to develop at a languid CAGR of 2.4% to arrive at a market worth of US$ 1.2 Bn toward the finish of 2027.

Nearly 185 billion units of crown closures were sold in the year 2018, according to a new intelligence outlook presented by Future Market Insights (FMI). Just-over 2% growth is estimated in the consumption of crown closures globally, in 2022.

Aluminum crown closures account for more than 70% of the total consumption of crown closures, according to the report. A majority of sales is registered by small-diameter (26mm) crown closures, compared to the crown closures that have large diameter (29mm).

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Beer Accounts for More than 70% of Demand for Crown Closures

The growth of food and beverages market has been closely influencing the performance of crown closures market. According to FMI’s analysis, alcoholic beverages, particularly beer and wine, will remain the most prominent end use categories in crown closures market. Beer currently holds just-over 70% share in the global demand for crown closures, followed by carbonated soft drinks.

While consumption of crown closures is likely to be sustained by increasing beer production as well as consumption, it has been observed that emergence of superior packaging alternatives in the beverages sector is particularly translating into the falling demand for crown closures in the carbonated soft drinks category.

According to FMI’s analysis, rapidly growing preference for PET (polyethylene) bottles over glass bottles for packaging of carbonated soft drinks will continue to hold significant impact on the demand for crown closures in years to come.

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Emerging Regional Markets to be on Forefront Owing to Increasing Uptake of Beer, Wine, & Other Alcoholic Drinks

Led by China, Asia Pacific is projected to remain the preeminent market for crown closures manufacturers. Within APAC that currently accounts for an approximate volume share of a third of the total consumption of crown closures, the ASEAN countries, followed by India, will also be among the prominent markets for crown closures over the coming years.

Shifting dietary preferences of urban consumers, considerably increasing consumption of alcoholic beverages by younger demographics, and increasing spending power strongly backed by changing priorities will continue to collectively uplift the overall consumption of spirits, particularly beer and wine, in developing Asian countries. This according to the report will sustain the sales of crown closures in the near future.

The constantly improving export scenario of beer and soft drinks in China is especially offering a strong impetus to the country’s and in turn APAC’s crown closures market, as per FMI’s findings. Moreover, strengthening foothold of European and American beverage brands within Asian markets will also play a vital role in generating steady demand for crown closures.

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Latin America is also cited as an attractive market for crown closures owing to the increased production and consumption of beer and sparkling wine within the region.

However, rapid emergence of ring pull caps as an excellent alternative for crown closures is likely to affect the market growth in North American region. Furthermore, as the US-based beverage manufacturers are already looking forward to switching to recyclable plastics (cans and bottles) for beverage packaging, demand for crown closures is highly likely to be hampered within the region. The report opines that the falling beer production rate in North American markets will remain the key deterrent influencing crown closure sales.

Crown Closures Market: Competition Landscape Analysis

FMI’s report covers deep-dive strategic profiles of some of the key competitors operating in the global crown closures market landscape, including Astir Vitogiannis, Avon Crowncaps & Containers Nigeria Limited, Avon Crowncaps & Containers Nigeria Limited, Continental Crowns and Closures, Crown Holdings, Inc., Finn-Korkki Oy, Manaksia Industry Ltd., Nippon Closures Co. Ltd, Oricon Enterprises Limited, Pelliconi & C. SPA, Samhwa Crown & Closure Co., Ltd, Supertech-Crown Caps, TOKK Company, and Viscose Closures Ltd.

In addition to designing effective penetration strategies for entering new beer and wine categories, as well as mineral water segment, leading players in crown closures manufacturing landscape are focused on a few profitable trends such as customized crown closure designs, and embossed crown closures or those imprinted with raised figure. Several companies are also strategizing on the quality and material used in crown closures for efficient corking.

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

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Banking-as-a-Service (BaaS) Platform Market Research, Segmentation, Key Players Analysis and Forecast to 2031

According to the banking-as-a-service (BaaS) platform industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 15.7% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 2.8 Bn by the end of 2021. As per FMI, rapid technological advancements and the presence of application programming interfaces (APIs) have created prospects for banking-as-a-service (BaaS) platforms. These technologies have become essential in improving economic competitiveness, thereby propelling market growth.

Over the past few years, BaaS has emerged as a new and innovative way for banks and third parties to collaborate in order to provide customers with digital-only banking products and services and enhanced customer experiences. BaaS has caused a shift in the way that banks and third parties work together and has huge advantages for both the incumbent players and those starting out in the financial services industry.

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Increased competition has led to increased innovation in the banking space which in turn has led to improved digital experiences for customers. Customers have greater choice than ever before when it comes to what financial products and services they use.

Key Takeaways: Banking-as-a-Service (BaaS) Platform Market

By solution, the banking as a service platform segment is anticipated to account for the leading share in the global demand for banking-as-a-service (BaaS) platform during the forecast period. However, the banking as a service APIs segment is estimated to grow at a robust CAGR of 17.1% through 2031.
By enterprise size, the integration of BaaS platform in small & mid-sized organizations is anticipated to increase at a CAGR of 16.6% between 2021 & 2031, while large organizations are currently dominating the market share.
The adoption of banking-as-a-service (BaaS) platform by fintech corporations is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.2% between 2021 and 2031.
Europe is expected to lead the market followed by North America in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in Japan is expected to progress at a CAGR of 17.9% through 2031.
In the U.K., sales are expected to increase at a CAGR of close to 16% over the next ten years.

COVID-19 Impact Analysis on Banking-as-a-Service (BaaS) Platform Market

The outbreak of COVID-19 has led to more usage of banking components because remote working and social distancing have helped digital banking gain a huge customer base. COVID-19 has been a defining moment for digital transformation, as financial institutions that invested strategically & financially in the digitalization process over the past decade, have been better prepared to navigate these shifts and respond to the crisis.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the rising demand for seamless banking transactions. This growth will be majorly driven by changing customer behavior, increasing focus of the people from visiting bank branches to online access of bank services.

Hence, implementation of banking-as-a-service (BaaS) platform would be highly valuable during the COVID-19 period due to several factors such as rising use of electronic transactions amid pandemic crises, and to enable stress-free banking activities.

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Rapid Shift towards Embedded Finance

More and more nonbank companies are offering financial services, such as bank accounts or wallets, payments, and lending. Today, companies of all types and levels of maturity—including retailers, telcos, big techs and software companies, car manufacturers, insurance providers, and logistics firms—are considering and preparing to launch embedded financial services to serve business and consumer segments.

To meet the rising demand for embedded finance, financial institutions are increasingly offering banking as a service (BaaS)—bundled offerings, often white-labeled or cobranded services that nonbanks can use to serve their customers. With the acceleration of digitization, including automation and APIs, banks can scale BaaS faster, putting embedded finance within reach for more companies considering it. This is further estimated to fuel up the banking-as-a-service (BaaS) platform market growth prospects in the near future.

Banking-as-a-Service (BaaS) Platform Outlook by Category

By Solution:

Banking as a Service Platform
Banking as a Service APIs
Services
- Payment Processing Services
- Digital Banking Services
- KYC Services
- Customer Support Services
- Others

By Enterprise Size:

Small & Mid-sized Organizations
Large Organizations

By End User:

Banks
FinTech Corporations
Investment Firms
Others

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By Region:

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

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Deblistering Machines Market Expected to Rise at a CAGR of 4.8% During 2031

As per Future Market Insights (FMI), the deblistering machines market will reach a valuation of US$ 158.3 Mn by 2022. The rapidly growing scope for automation and machinery in the global pharmaceutical industry with the objective of reaching manufacturing targets is a primary factor propelling the sales of deblistering machines.

Deblistering machines are available in automated and semi-automated variants, which are largely used to recover and remove tablets and capsules from blister packs without degrading and affecting the quality of medicines.

The consistently rising demand for deblistering machines among pharma and contract manufacturers and recyclers for keeping up with the massive volume of drug packaging has strengthened growth prospects to a significant extent.

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These machines possess excellent deblistering speed and have the ability to work with a wide range of blister packaging formats including push-through, child-resistant, and peelable blisters. FMI predicts that the demand for deblistering machines will be relatively strong owing to factors such as the rising production of blister packaging and oral dosage formats such as tablets and capsules. The market is projected to rise at a CAGR of approximately 4.8% through the end of 2031.

Key Takeaways from Deblistering Machines Market

Automatic deblistering machines are projected account for more than 70% of the overall market share driven by higher operational speed.

40 to 80 BPM machines will remain dominant in the market, while the over 80 BPM machines are estimated to reflect faster growth with an incremental opportunity of US$ ~ 24.3 Mn.

With the frequent use of deblistering machines in the pharma sector, the U.S. market is expected to expand by more than1.5 times.

Manufacturers are capitalizing on opportunities across lucrative markets such as India and China.

Expansion of healthcare sector will spur y-o-y growth in the U.K. at 2.8% in 2021.

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“The rise in production of medicinal drugs, especially those requiring oral dosages such as tablets and capsules has created lucrative opportunities for deblistering machine manufacturers to maximize their sales. Rising emphasis on safe and secure removal of medicinal tablets and capsules with high-precision deblistering processes is anticipated to redefine the market growth,” says FMI analyst.

Launch of Technologically Advanced Deblistering Machines Augment Sales

Deblistering machines are widely considered as the most efficient way of deblistering the tablet and capsules from blisters, owing to minimal error rates, easy and safe removal of drugs, with exceptional deblistering speed. In recent years, the popularity of deblistering machines has touched new heights on the back of its ability to deblister a variety of blister card types.

Technological advancement associated with deblistering machines is one of the pivotal factors that fuels the demand for deblistering machines in the market. Additional key benefits of deblistering machines such as automatic feed and user interface with fault indicators, heavy-duty design, variable speed as per blister speed, and several others attract a substantial portion of manufacturers in the market.

Furthermore, manufacturers from the pharmaceutical sector are aggressively automating their production processes to reduce labor costs. This growing adoption of automated deblistering machines from the manufacturers is likely to strengthen market growth during the foreseeable future.

Impact of COVID-19 on Deblistering Machines Market

The global crisis of the COVID-19 pandemic has had a moderate impact on the sales of deblistering machines in the global market. Lack of supply in terms of raw components owing to restrictions on manufacturing activities has halted the short-term growth.

Lockdown in prominent regions such as Europe, South & East Asia, and North America has induced considerable impact on the manufacturing of deblistering machines. Besides this, the pandemic has created a massive demand for oral dosage form drugs including tablets and capsules.

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Rising demand for these blister pack medicinal drugs is generating demand for existing inventories of deblistering machines from varying end-users such as clinical trial labs, pharmaceutical companies, and packaging centers. This factor is likely to induce a positive impact on sales of deblistering machines. On a broader level, the COVID-19 has a mixed impact on the demand and sales of deblistering machines during the pandemic period.

Deblistering Machines Market Landscape

Omnicell, Inc, Uhlmann Pac-Systeme GmbH & Co. KG, ACG Worldwide Private Limited are the top players operating in the deblistering machines market. Furthermore, RBP Bauer GmbH, Jornen Machinery Co., Ltd, Sepha Limited, Stripfoil Deblistering Technology, Elmach Packages India Pvt. Ltd are also the noticeable players in the deblistering machines market.

The Tier 3 players in the market hold 65-70% in the global deblistering machines market. In conclusion, key players contribute almost 30-35% of the global market. Leading players in the industry are increasingly focused on investments into product development to expand portfolios, consolidating overall market position.