Market Research Blog – Page 11691 – New Product Development

Women’s Intimate Care Products Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2030

The women’s intimate care products market is projected to reach a valuation of US$ 27.73 Bn in 2022, likely to surge at a vigorous 4.1% CAGR from 2022 – 2030.

20-30 The intimate washes is expected to expand at a significant CAGR during the forecast period. The demand for intimate washes is gaining popularity in the market due to rise in health consciousness among consumers and need for personal hygiene products that are not damaging to the skin or environment.

Consumer demand for natural goods is increasing as people become more aware of the adverse effects of chemicals used in feminine hygiene products. As a result of the increased awareness, manufacturers are creating new and creative goods of higher quality and comfort. Diverse product types are being introduced by companies for various applications.

Acceptance of organic and natural feminine hygiene products such as intimate washes is growing at a significant rate. These products are being manufactured from non-Genetically Modified (non-GMO) certified organic ingredients, which are free from pesticides, chemical additives, synthetic fibres, dyes, fragrances, and chlorine bleach.

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East Asia to Remain Prominent in Women Intimate Care Market

In the global women intimate care market, East Asia accounted for maximum share of around 22.6%, in terms of value, in 2018, and is expected to register a CAGR of 6.3% during the forecast period. This is due to significant presence of various domestic and prominent players along with growing government initiatives to promote personal hygiene among women.

Manufacturers are tapping into profit pools by offering products at a subsidized rate in various countries. Increased per capita health care spending on personal hygiene products, is a significant factor boosting the East Asia women intimate care market.

Key Players Focus on Product Development to Gain Competitive Edge

The global women intimate care market is characterized by the presence of several established players, who account for a considerable market share. In the market, majority of prominent players maintain their strategic focus on new product development, product variety, natural and organic product launches, and expansion of sales channels in rural areas.

Leading women intimate care companies are currently focused on research and development activities, new product launches, and various organic certifications to resonate with the growing demand of women intimate care with natural ingredients from regions such as US, Japan, India, China, and European countries such as Germany, Italy, France, U.K., etc.

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How Growth Will Unfold

In the women’s intimate care market, the offline segment is anticipated to account for a significant value share. During the forecast period, this category is likely to stay prominent in the global women’s intimate care market, as firms desire face-to-face engagement with customers in order to connect with them in a friendly manner.

Women Intimate Care Market Taxonomy

The global women intimate care market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle-East and Africa

Key Segments of Women’s Intimate Care Products Industry Survey

Women’s Intimate Care Products Market by Product:

Intimate Washes
Liners
Oils
Masks
Moisturizers & Creams
Hair Removal
- Razors
- Wax
- Depilatories
- Wipes
Gels
Foams
Exfoliants
Mousses
Mists
Sprays
E-products
Others

Women’s Intimate Care Products Market by Age Group:

12-19 Years
20-25 Years
26-40 Years
41-50 Years
51 and Above

Women’s Intimate Care Products Market by User:

Women With Children
Women Without Children

Women’s Intimate Care Products Market by Sales Channel:

Online Sales of Women’s Intimate Care Products
Offline Sales of Women’s Intimate Care Products
- Hypermarkets/Supermarkets
- Drug Stores/ Pharmacies
- Beauty Salons
- Others (Departmental Stores, Specialty Stores)

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

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Traction Transformer Market Growing at 4.5% to 5.5% CAGR By the end of 2031

Insights revealed by the assessment on the Traction Transformer Market portray substantial gains, with the market expanding at around 4.5% to 5.5% CAGR from 2022 to 2031.

The market witnessed substantial growth during the assessment period due to factors for example such as increasing demand from transportation, huge investment in basic transportation and infrastructure, plenty of development in various and large-scale industries along with expansion which is the primary growth factor.

What Promotes the Demand for Traction Transformer Market

The traction transformer market is influenced by the factor such as growing of rail infrastructure, and increasing need for time-efficient commuting networks. The growth in the railway system makes the most of the demand in the market with governmental funding and initiation of high train speed train projects and other projects. The rising use of the railways, especially in developing economies has increased the demand for traction systems.

The demand witness the advent of high-speed trains and metro railways over the years, the electrification of the present conventional tracks. The major demand from the developing countries. The dependency of the government and the local population on the traction systems which support several industries around the world. The market demand has risen and has come up as quite compelling. The demand is very popular and booming nowadays.

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Rail Transportation Industry to spur the demand of Traction Transformer

The COVID-19 has impacted all the countries and the railway industry and also the traction system market. The continuous lockdown has affected the traction system market. The pandemic global pandemic created challenges and the government has stopped all the transportation medium railways as well.

The companies and the government are planning and executing current business operations through innovative techniques and many other factors also affect the growth in the market. The haul in the railway industry cost more for the maintenance and the aftermarket fulfill the demand in the industry.

The traction chain of the locomotive, which is developed to enhance train performance and operator service. These transformers are mounted on the top of the locomotive and also under the roof and work as single and multiphase systems.

Asia Pacific Traction Transformer Market growth Outlook

The Asia Pacific is touted as a high growth market for transformer market due to the ongoing civic infrastructure and industrial projects such as ASEAN, India and China.

The Asia Pacific in aggregate also has a vast railway network that requires traction systems for running the railways flawlessly.

Rise Suburban Metro Projects and Freight Corridor projects particularly in China and India is expected to augment the market growth

The countries in the APAC region have a huge investment in the high-speed rail network, development of new rail projects, and expansion of the existing railway projects are driving the demand in the Asia Pacific region.

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North America Market Demand Potential

North America is considered to be another region of noticeable growth of traction transformers which include the high cost incurred for the electrification of the rail network and the dominance of diesel-powered rail engines.

The major driving factor of the growth in North America includes civic infrastructure projects which are being implemented at a brisk rate.

The government funding and support of the U.S. for the development and implementation of the high-speed rail and metros in the country and improved in rail infrastructure.

What are the Leading Manufacturers/Suppliers of the Traction Transformer Market

Some of the leading manufacturers and suppliers of Traction Transformer Market include

ABB
Siemens
Alstom
Mitsubishi Electric Corporation
Emco Ltd
International Electric Co. Ltd.
JST Transformateurs
Hind Rectifiers Ltd
, Setrans Holding AS
Wilson Transformer Company

Key Segments

By Rolling Stock:

Electric Locomotives
High-Speed Trains
Metros
Tram Trains

By Mounting Position:

Underframe
Machine Room
Roof

By Overhead Line Voltage:

AC
- 1.2KV
- 15KV
- 20KV
- 25KV
DC
- 0.75KV
- 1.5KV
- 3KV

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
The Middle East and Africa

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Critical Infrastructure Protection Market Key Players Profiles, Future Prospects and Forecasts to 2027

Many organizations are adopting critical infrastructure protection technology, to protect their infrastructure from cyber-attacks and malicious objects. Critical infrastructure protection solutions are deployed across various industries including transportation, BFSI, government sector, IT, energy and utility sectors for protecting their critical information and infrastructure

Critical infrastructure protection offers controls to stabilize the device, secure the communication between devices, and to manage and monitor the connected devices. In addition to that, critical infrastructure implements cyber security controls, hardware based embedded identity, and physical security control.

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Critical Infrastructure Protection Market: Drivers and Challenges

The major driver for critical infrastructure market is government regulations and practices and increasing the number of cyber threats, due to this many organization are implementing critical infrastructure solutions. In addition to this critical infrastructure protection is largely adopting cloud computing for the organizations, which is further boosting the growth of this market.

The growing popularity of Internet of Things (IoT) is another driving the market growth for critical infrastructure protection. Physical security plays a vital role in critical infrastructure protection market, as globally terrorist attacks have increased and government regulations have made it compulsory.

The physical security market has various products such as biometrics, access control, video surveillance and technical support.

Critical Infrastructure Protection Market: key players

Some of the key players in critical infrastructure market are IBM Corporation, Symantec, McAfee, Honeywell, Robert Bosch, Axis Communications AB, BAE System Plc, Cisco Systems Inc, General Dynamics Mission Systems, and Kaspersky Lab.

Critical Infrastructure Protection Market: Regional Overview

Critical infrastructure protection market is currently dominated by North America due to the technological advancements and early adoption of cyber security in this region. Asia Pacific Critical Infrastructure Market is expected to have the highest growth rate during the forecast period.

Critical infrastructure protection Market Segments

Critical infrastructure protection Market Dynamics
Historical Actual Market Size, 2013 – 2015
Critical infrastructure protection Market Size & Forecast 2017 to 2027
Value Chain
Critical infrastructure protection Market Current Trends/Issues/Challenges
Competition & Companies involved
Critical infrastructure protection Market Drivers and Restraints

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Regional analysis for Critical Infrastructure Protection Market includes development of these systems in the following regions

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

Critical Infrastructure Protection Market: Segmentation

Segmentation on the basis of type:

Cyber security
Physical Security

Segmentation on the basis of industry:

IT and Telecommunications
Manufacturing
Transportation and Logistics
Defense and Government
BFSI
Healthcare
Retail
Energy and Utilities
Others

Excimer and Femtosecond Ophthalmic Lasers Market is Expected to Rise at a CAGR of 5% Over the Forecast Period by 2026

Pronounced growth in geriatric population and significantly rising prevalence of diabetes will remain the key drivers fuelling the demand for excimer and femtosecond ophthalmic laser systems.

Technological advancements in ophthalmic laser technology is anticipated to play a key role in catapulting their popularity and propelling their demand in market.

The global excimer and femtosecond ophthalmic lasers market is expected to witness stable growth, reaching a value of US$ 666 Mn in terms of revenues. Excimer laser systems will continue to outsell femtosecond lasers.

North America will remain the top market, whereas Asia Pacific (excluding China and Japan) is anticipated to create a lucrative market for excimer and femtosecond ophthalmic lasers globally.

With refractive and cataract surgeries growing in number, more number of hospitals and ophthalmology clinics are raising demand for ophthalmic laser systems. Rising healthcare awareness and expenditure among developing economies are also expected to drive the market.

High costs associated with ophthalmic laser systems may however hamper the market growth. In addition, post-LASIC complications are estimated to remain a longstanding challenge to mass adoption of excimer and femtosecond ophthalmic laser systems.

Based on product type, excimer laser systems will continue to dominate femtosecond lasers throughout 2016. The former is predicted to contribute over 60% to the total market share, whereas the latter will witness significant Y-O-Y growth in 2016.

Despite considerable adoption due to persistent technological and functionality advancements, higher costs are expected to hold a negative impact on the femtosecond laser system sales.

On the basis of application, refractive surgery segment is predicted to account for the maximum revenue share of around 70%, in 2016. It will also witness the fastest growth, compared to other segments, including cataract surgery, capsulotomy, trabeculoplasty, and diagnostics.

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Cataract surgery segment is projected to be the second largest application area, witnessing substantial demand for excimer and femtosecond laser systems.

By end-user, ophthalmology clinics segment accounted for the highest revenues of US$ 279 Mn in 2015. It is estimated to attract hefty revenues in 2016 as well, reaching US$ 291 Mn.

Hospitals and ambulatory surgical centres will gain an uptick; whereas multi-chain ophthalmology hospitals are foreseen to gain prominence across the U.S., owing to soaring demand for refractive surgery.

Based on region, North America will remain the leading market and contribute over 30% revenue share to total market revenues by 2016 end. In terms of revenues, the market for excimer and femtosecond ophthalmic laser systems in N.

America is anticipated to reach a value of US$ 217 Mn in 2016, up from US$ 209 Mn in 2015. Western Europe will continue to witness significant adoption of excimer and femtosecond ophthalmic lasers, whereas Asia Pacific excluding China and Japan (APECJ) is projected to provide substantial growth opportunities.

APECJ is expected to remain a major market, owing to rapid improvisation of healthcare infrastructure in the region. China, with the highest growth rate in 2016, will represent the most lucrative market for excimer and femtosecond ophthalmic laser systems.

Key players in the global excimer and femtosecond ophthalmic laser market include Alcon Inc. (Novartis AG), Abbott Medical Optics, Inc., NIDEK CO., LTD, SCHWIND eye-tech-solutions GmbH & Co. KG, ZEISS International, Bausch & Lomb Incorporated, Ziemer Ophthalmic Systems AG, LENSAR, LLC., and iVIS Technologies.

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Key Segments Covered

Product Type:

Excimer Laser
Femtosecond Laser

By Application:

Refractive Surgery
Cataract Surgery
Capsulotomy
Trabeculoplasty
Diagnostics

By End-User:

Hospital
Ambulatory Surgical Centers
Ophthalmology Clinics

Key Regions/Countries Covered:

North America
- U.S.
- Canada
Latin America
- Brazil
- Rest of Latin America

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Western Europe
- Germany
- UK
- Italy
- Spain
- Nordic Countries
- BENELUX
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific Ex. Japan China & South Korea
- ASEAN
- India
- Australia and New Zealand
- Rest Of APEJ
Japan
China
South Korea
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

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Field-programmable Gate Array (FPGA) Market Shares, Historical Trends And Forecast By 2027

Future Market Insights has recently published a market research report on Field-programmable Gate Array (FPGA) Market. The study presents a detailed analysis on the historical data, current and future market scenario for the Field-programmable Gate Array (FPGA) Market.

The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period.

Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Field-programmable Gate Array (FPGA) Market in the upcoming decade. According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Field-programmable Gate Array (FPGA) Market.

FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Field-programmable Gate Array (FPGA) Market report and gather data from a wide range of primary and secondary sources.

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Impact of COVID-19 on Field-programmable Gate Array (FPGA) Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working.

Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook. FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis.

This is intended to aid Field-programmable Gate Array (FPGA) Market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Field-programmable Gate Array (FPGA) Market.

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Field-programmable Gate Array (FPGA) Market: Competitive Analysis

The FMI’s Field-programmable Gate Array (FPGA) Market report provides a detailed analysis of prominent players as well as emerging companies operating in the Field-programmable Gate Array (FPGA) Market. Some of the key players are:

XILINX INC.,
Intel,
Microsemi Corporation,
Achronix, e2v,
Lattice Semiconductor,
QuickLogic,
Atmel,
Nallatech.

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

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Field-programmable Gate Array (FPGA) Market: Key Segmentation

Segmentation on the basis of technology:

Static RAM
Anti-Fuse technology
Flash Technology
Erasable Programmable Read Only Memory (EPROM)

Segmentation on the basis of industry:

IT and Telecommunications
Automotive
Defense and Government
BFSI
Healthcare
Consumer Goods and Retail
Others

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Negative Pressure Wound Therapy Market is projected to grow at a steady CAGR of 5.2% during the forecast period by 2032

Effectiveness of negative pressure wound therapy (NPWT) in treating acute and chronic wounds is a key factor driving its adoption across hospitals, clinics, and homecare settings. The use of NPWT devices in managing closed incisions, where the risk of wound breakdown is higher, is also fuelling the growth of the negative pressure wound therapy market, especially in North America and Western Europe.

Development of safe and highly-effective negative pressure wound therapy devices has helped address concerns related to potential risks, leading to greater adoption across end-use sectors. Decline in the number of adverse reaction and product recalls has led to increased confidence on the safe use of NWPT.

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FMI-a well-established name in the market research domain – forecasts that, the NPWT market will experience a major upturn post 2025, reaching a valuation of US$ 9.9 Bn by 2032.

Key Takeaways of NPWT Market Study

Single-use disposable negative pressure wound therapy devices, under product, are expected to exhibit a CAGR of 8% during the forecast period.
The U.S. is anticipated to dominate the global negative pressure wound therapy market and account for over 86% share of the North America NPWT market.
Hospitals and home care settings segments are expected to dominate the negative pressure wound therapy market during the forecast period, owing to significant adoption of NPWT systems.
Companies are focusing on collaborating with established research centres and other manufacturers to develop products complaint with regulations across the globe that can help in the treatment of chronic disorders.

“Increasing awareness among practitioners and patients about the better response rate of disposable negative pressure wound therapy devices is expected to increase revenue of the NPWT market over the coming years.”

Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices

Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America.

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There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.

Examples of some disposable NPWT devices from top players include the V.A.C.Via Therapy System, Prevena Incision Management System (Acelity), PICO (Smith and Nephew PLC.), AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)

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A new study from Future Market Insights provides detailed information on the evolution of the negative pressure wound therapy market from 2014-2021, and presents demand projections for 2022-2026, on the basis of product (standalone NPWT devices, single-use disposable NPWT devices, portable NPWT devices, and NPWT accessories), and end user (hospitals, clinics, and home care settings), across seven prominent regions.

Negative Pressure Wound Therapy Market by Category

By Product Type:

Standalone NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services
Portable NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services
Single-Use NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services

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NPWT Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Standard Gauze Dressings
NPWT Accessories

By Indication:

Diabetic Foot Ulcers
Pressure Ulcers
Venous Leg Ulcers
Post-Surgical Ulcers & Open Wound
Burn Wounds
Other Wounds

By End-User:

Hospitals
- Acute Care Centers
- Community Hospitals
Ambulatory Surgical Centers
Trauma Care Centers
Specialty Clinics
Home Care Settings
Long-Term Care Centers
Skilled Nursing Facilities

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Machine Vision System And Services Market Growth, with Prominent Key Players Covered to 2027

Machine vision technology is a vital part of industrial automated production process that serves to improve the overall speed and quality of a final product. Superior to normal human visual sense, machine vision technology offers a critical capability of judging a product being manufactured.

Machine vision system and service providers allow manufacturers to achieve rapid production lines with accurate, precise non-contact product measurement, and closed-loop process control. High quality product inspection, lesser setup time and quick downtime, and increased production flexibility are among top advantages machine vision systems offer.

Virtually employed by all industrial manufacturing verticals, vision inspection enabled early detection and resolution of production inconsistency. In addition to boosting production efficiency, it also helps increase product integrity and thereby fulfil all associated legal compliance standards.

In a nutshell, manufacturers cannot afford to bypass machine vision technology during the production process, as it ultimately helps companies to preserve their brands’ reputation in the long run.

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Machine Vision System and Services Market: Drivers and Restraints

With an increasing number of industrial verticals embracing production automation, the demand for machine vision technology is likely to be on the rise. Moreover, increased adoption rate of machine vision technology-based robotic systems and intense need for high-quality product inspection will foster the demand for machine vision system and services globally.

Surging requirement of high production output in manufacturing industries will remain a prominent driver to demand for machine vision technology. Growing demand for machine vision technology in IT, optics, and mechanics will continue to sustain adoption of vision system and services.

Rising need for improved product inspection will continue to provide an impetus to machine vision system and services in near future.

In addition to a wide range of technological advantages of machine vision technology, growing demand for faster yet cost-effective vision inspection technology is expected to fuel the machine vision system and services market.

Shooting adoption of machine vision technology by a growing number of end-user verticals, including electronics, healthcare, automotive, pharmaceuticals, defence, food and beverages, packaging, and many more will further fuel the sales of machine vision systems over the next decade. Higher labour costs will remain the key factor propelling the sales of vision systems in developed markets.

Whereas, some of the emerging Asian countries are expected to present lucrative opportunities to machine vision system and service providers, attributed to soaring number of manufacturing companies within the region and rising demand for application-specific systems.

Complex requirement regarding highly accurate and stable product placement while operating machine vision systems often needs skilled resources. The stringency of the process doubles in case of small-sized products. This can remain a longstanding challenge to widespread adoption of machine vision systems over the forecast period.

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Machine Vision System and Services Market: Region-wise outlook

Geographically, the machine vision system and services market is assessed for five key regions, viz. North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

North America (U.S., Canada)
Latin America (Brazil and Mexico)
Europe (U.K., France, Germany, and rest of Europe)
Asia-Pacific (China, South Korea, Japan, Taiwan, and rest of APAC)
Middle East and Africa (MEA)

Machine Vision System and Services Market: Key Players

The report profiles some of the key players operating in the global machine vision system and services market. Cognex Corporation, National Instruments Corporation, Teledyne Technologies, Inc., and Texas Instruments, Inc.

are a few of them. Other leading providers of machine vision system and services, include Keyence Corporation, Baumer Optronic GmbH, Allied Vision Technologies GmbH, Sick AG, Basler AG, and Omron Corporation.

This market research report offers a comprehensive analysis of the global machine vision system and services market through in-depth information on industry-validated historical market data, statistics, facts, and insights.

A suitable set of methodologies and assumptions in report support the market projections.

The report analyses the market by segmenting it on the basis of type, application, component, end-user vertical, and region.

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Vision System and Services Market: Segmentation

Segment-wise, the global market for machine vision system and services is categorised into four key segments, viz. type, application, component, and end-user application.

By type, the global vision system and services market is segmented into-

3D measurement
2D measurement
1D measurement

Based on application, the global vision system and services market is classified as

Identification
Positioning
Measurement
Verification
Flaw detection

On the basis of component, the global machine vision system and services market is fragmented into –

Lenses
Lighting
Smart Camera
Frame grabber
Embedded system

By end-user vertical, the global machine vision system and services market is segmented into

Electronics
Healthcare
Automotive
Industrial
Others

Neurointerventional Devices Market is expected to reach US$ 3.6 Billion by the end of 2030

A new report by Future Market Insights (FMI) expects global neurointerventional devices market is expected to project a significant growth CAGR value of about 4.7% from 2022 to 2030.

Since the past several years, the burden of neurological disorders has increased multifold. According to the National Center for Biotechnology Information (NCBI), the frequency of cerebral aneurysm is nearly 3.2%, with the prevalence being higher amongst women than men above 50 years of age.

It is estimated that around 6.5 million people in the United States possess an unruptured brain aneurysm, while 30,000 suffer a brain aneurysm rupture every year. Based on these trends, it is unsurprising to observe the market being interspersed with the presence of several reputed manufacturers who constantly launch new products.

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In addition, rising prevalence of ischemic stroke is also boosting the neurointerventional devices market. Being non-invasive in nature, these devices increase chances of survival during surgery, further fueling market growth. By 2030, a valuation of US$ 4.8 Bn is predicted for the market.

Global Neurointerventional Devices Market- Key Takeaways

North America shall be the market hegemon, holding a 40.7% market share from 2020-2030
Embolic coils to capture the majority share, carotid stents to surge in popularity
High incidence of cerebral aneurysm to accelerate adoption of coiling procedures
Presence of experienced surgeons shall accelerate hospital-grade neurointerventional device adoption

Competitive Intelligence

Some influential vendors within the landscape include: Stryker Corporation, Covidien Public Ltd., Penumbra Inc., Terumo Corporation, Johnson & Johnson Private Limited, Medtronic PLC, Boston Scientific Corporation and Abbott.

Players are emphasizing on expanding their businesses through partnerships, collaborations and mergers & acquisitions and participation in trade fairs. Many of them are also aligning with research institutes to augment their research capacities.

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In August 2020, Stryker Corporation successfully launched its Surpass Evolve flow diverter after receiving FDA clearance in the U.S market. The device has already been in use in Europe since 2019.

In September 2020, Penumbra Inc. shall participate in the virtual Global Embolization Symposium & Technologies 2020 Conference. The company hopes to broaden its outreach and collaborate with other leading players to develop and launch new neurointerventional devices, thus expanding its existing product portfolio.

COVID-19’s Impact on the Market

With respect to neurological disorders, several hospitals and clinics have reported complications in severely or critically ill patients with co-morbidities. COVID-19 has the potential to affect the central and peripheral nervous systems. The virus invades the brain either through the olfactory system or a hematogenous route. Once inside, the virus may cause hypoxic and metabolic abnormalities.

In this light, the neurointerventional devices market is poised to remain afloat in the near-term forecast period. Significant increases in mechanical thrombectomies were reported since April 2020, with majority of the patients seeking treatment for acute strokes from large vessel occlusions (LVOs).

A series of case studies on over 200 COVID-19 positive patients in Wuhan, China, 36.4% of patients exhibited neurologic symptoms such as acute cerebrovascular events, muscle injury and impaired consciousness. In this context, the market is poised to experience an adrenaline rush in the short-run.

Key Market Segments Covered In Neurointerventional Devices Industry Research

By Product:

Embolic Coils
Carotid Stents
Intracranial Stents
Neurovascular Thrombectomy
Embolic Protection Devices
Flow Diverters Devices
Intrasaccular Devices
Liquid Embolic
Balloons
Stent Retrievers

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By Technique:

Neurothrombectomy Procedure
Cerebral Angiography
Stenting
Coiling Procedures
Flow Disruption

By End User:

Hospitals
Ambulatory Surgical Centers

By Region:

North America
Latin America
Western Europe
Eastern Europe
Japan
APEJ
Middle East and Africa (MEA)

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Infection Prevention Market is projected to rise at a CAGR of 4.2% forecast period by 2031

According to a recent study by Future Market Insights (FMI), sales of infection prevention products are expected to top US$ 37.4 Bn in 2021, at a CAGR of over 4.2% during the forecast period (2021-2031).

Rising cases of infectious diseases caused due to the pathogenic organisms such as bacteria, fungi, viruses and other parasitic organism are improving the adoption of infection preventing products.

As reported by the Centre for Disease Control and Prevention (CDC) in 2018, infectious disease is the third most leading cause of death in the U.S. followed by other infectious diseases such as tuberculosis (9,025 cases), salmonella (60,99 cases), Lyme disease (33,666 cases), meningococcal disease (327 cases) and parasitic diseases (15.5 Mn cases).

Several other factors such as rising incidence of infections acquired while in hospital (often called as Hospital Acquired Infections or HAI), large number of surgical procedures, and increasing cases of chronic diseases among geriatric population have led to higher emphasis on maintaining proper hygiene and cleanliness.

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Sudden outbreak of pandemic increased the number of patients in hospital during the FQ-20, elevating the risk of viral transmission amongst them. This in turn has created the demand for infection preventing and controlling options such as the use of hand sanitizers, disinfectants and other such products.

Increase in sales of these infection prevention products is expected to boost the infection prevention market growth in near future. The market registered spike in demand for infection preventive products, especially in emerging economies such as India.

As per Future Market Insights, the India infection prevention market registered highest growth across South Asia, reaching US$ 17.29 Bn in 2021.

Additionally, companies manufacturing infection prevention products have been focusing on developing eco- friendly and sustainable bio-based products with superior efficacy. Drive towards sustainability is expected to strengthen infection prevention market, creating worthwhile opportunities for growth.

Increasing ageing population worldwide has resulted in higher focus on proper hygiene and self-care solutions due to the rise in chronic diseases and onset of COVID-19. Furthermore, increase in consumer spending, improved healthcare infrastructure, rising government and industry investments in research and development activities will create demand for infection prevention product.

Based on the aforementioned factors, Future Market Insights (FMI) estimates that the market is expected to create absolute $ opportunity, exceeding more than US$ 56.39 Bn by 2031-end.

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Key Takeaways from Infection Prevention Market Study

By product, sterilization equipment is the most lucrative segment in terms of revenue and is anticipated to grow at a CAGR of more than 4.9% during 2021-2031.
Based on end-user, hospitals and clinics segment is leading the market and expected to gain more than 42% of revenue share through 2031.
The U.S. is expected to dominate the global infection prevention market in terms of revenue in 2021, followed by the U.K. and Germany.
India is expected to be the most lucrative market in terms of revenue across South Asia, accounting for over 50% of market value share in 2021.
China holds leading position in East Asia and is expected to account for nearly 48% of market share.

Who is Winning?

Some of the leading manufacturers of infection prevention products are focusing on new product development, clinical trials, speedy regulatory approvals, exclusive marketing and distribution licensing agreement strategies, thereby enhancing their market presence.

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In 2021, a new 3M™ Clean & Protect Certified Badge Program was launched by 3M company. A new comprehensive system designed for effective cleaning and disinfecting solution that cleans, monitors and protects the facilities.
In July 2020, Reckitt Benckiser Group PLC in partnership with water.org made provisions for improved access to safe, clean water in Kenya. In the same month, the company received the EPA approval for the first surface disinfectant products tested on the SARS-COV-2 virus.
In 2021, Metrex collaborated with Solvay for chemical resistance testing of widely-used disinfectants in healthcare settings.

Infection Prevention Market by Category

By Product:

Sterilization Equipment
Low Temperature Equipment
Ozone Sterilizers
Hydrogen Peroxide Sterilizers
Formaldehyde Sterilizers
Ethylene Oxide Sterilizers
Other Low-Temperature
Heat Sterilization Equipment
Moist Heat Sterilizers
Dry Heat Sterilizers
Radiation Sterilization Equipment
Liquid Sterilization Equipment
Disinfectors
Other

By End User:

Hospitals & Clinics
Pharmaceutical Companies
Clinical Laboratories
Medical Device Companies
Life Sciences Industries
Academic and Research Institutes

By Region:

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

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Security Screening Market is Predicted to Expand at an Impressive CAGR of 7.4% During 2022 – 2028

Rapid growth in the economy, necessitating increasing expenditure on the national and infrastructural security, will continue to push deployment of reliable and advanced technology enabled security screening systems. While FMI’s analysis identifies an impressive rate of adoption within emerging economies, China, India, and Russia are more likely to be at the forefront of this growth, in the security screening market.

The global market for security screening is expected to surpass US$ 10.4 billion in 2022 and grow at a remarkable CAGR of 7.4 percent to reach US$ 15.9 billion by 2028.

The approximately US$ 7.8 billion market for security screening is highly likely to approach the revenues worth US$ 10 billion in the next two years. As indicated by a newly launched research report by Future Market Insights (FMI), more than half of the total demand for security screening is being accounted by the developed regional markets. East Asia however is cited as the most lucrative market for investors in security screening systems and solutions.

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Airports Generate Maximum Demand for Security Screening, Explosive Trace Detectors Bestselling

Over 2/5^th of the global security screening demand is accounted by airports, which will remain the dominant application area for security screening systems manufacturers and suppliers. As government buildings are highly vulnerable owing to the voluminous sensitive information that they procure, public recreation areas such as malls are also cited as the next sensitive area for implementation of effective security screening. Border check points are also expected to emerge lucrative through coming years, in the security screening market.

Explosive trace detectors, currently accounting for nearly 1/4^th share of the total sales of security screening systems, will reportedly witness strong growth in demand through the coming years. According to the report, X-Ray screening systems and biometric systems are also highly popular among the end-use application areas in security screening market.

The collective market value share of the aforementioned security screening systems is just-under 50% and the report expects attractiveness of the latter to surge – with growing adoption of fingerprint and face recognition technologies.

Smart Security Screening Trending in the Global Market

Looking at the loopholes in current security screening models in terms of efficiency and sustainability, airports have been accelerating the industry’s shift to smart security screening solutions, over the recent past. A combined initiative of Airports Council International (ACI) and the International Air Transport Association (IATA), smart security is emerging as a streamlined solution for airlines, passengers, and their belongings. Recently, Australia’s first-ever smart security screening checkpoint was unveiled at the Melbourne Airport.

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Key Vendor Insights: Global Security Screening Market

Westminster Group PLC, one of the key players competing in security screening market, recently completed the acquisition of Keyguard UK Ltd. The latter is a leading company in the security screening space, providing the blend of manned security and the latest technology enabled security screening systems.

The former will now offer packages combining technology and guarding – particularly to the infrastructure security domain. This deal is expected to benefit both the business bases, in form of multiple cross-selling opportunities.

Besides Westminster, FMI’s report covers detailed strategic profiles of some of the most prominent companies operating in security screening market landscape, including American Science and Engineering, Inc., Analogic Corporation, Argus TrueID, Aware Incorporation, Digital Barriers, Mangal Security Systems Ltd., OSI Systems, Inc., Smiths Group plc, LAXTON GROUP, NEXT Biometric, Aratek, NEC Corporation, and Cognitec Systems GmbH.