Pneumococcal Testing Market is valued at US$ 1.6 Bn in 2022 and is expected to reach US$ 3.6 Bn by 2030

Having surpassed the global market valuation of US$ 1 Bn in 2019, the demand for pneumococcal testing continues to soar at a stupendous rate. A new Future Market Insights (FMI) study projects that the global pneumococcal testing market will exhibit a double-digit CAGR during the forecast period (2020 – 2030).

The use of pneumococcal testing is gathering momentum around the world owing to its current diagnostic landscape, including unmet needs and emerging technologies. Over the last decade, pneumococcal testing has undergone many technical improvements. Increasing focus on molecular diagnostic methods for respiratory pathogen detection has yielded plethora of potential technologies. Pneumococcal testing has gained clinical significance in terms of effective ability to demonstrate high analytical sensitivity and specificity with ability to process several respiratory specimens.

Development of advanced nucleic acid detection tests and advancements in POCT products are the key factors for the growth of pneumococcal testing market over the forecast period. Moreover, rise in awareness about the benefits of early diagnosis among patient pool has increased the number of diagnostic tests in developing regions such as India, and Africa. Additionally, increase in adoption of molecular diagnostic testing and untapped markets in the developing regions are expected to provide new avenues for the growth of pneumococcal testing market in the near future.

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Key Takeaways of Pneumococcal Testing Market Study

  • Point of care testing (POCT) remains the preferred testing methos, representing about 2/5th of total market revenue. This is attributed to rising need to provide results in real time that help physicians make informed decisions in treatment of diseases. Moreover, POCT is useful as medical care shifts to a focus on prevention, early detection, and managing acute and chronic conditions.
  • Analyzers capture a leading value share in market and will maintain the trend throughout the forecast period.
  • Hospitals account for over half of overall market value, given availability of pneumococcal testing and skilled personnel for better clinical management of various diseases across several medical domains.
  • Enzyme linked immunosorbent assay (ELISA) accounts for major revenue share, owing to its high sensitivity and specificity, and easier to perform compared to other methods used for the detection of substances in body.
  • North America and Europe collectively contribute over 70% of market share in pneumococcal testing market, with the former expected to grow at a CAGR of 12% during the forecast period.
  • Increasing prevalence of pneumococcal diseases, recent advancements in pneumococcal diagnostics and government support for quality healthcare is driving the pneumococcal testing market in North America.

Tracking the COVID-19 Impact on Market Performance

The coronavirus (COVID-19) pandemic is having positive impact on market growth. The Centers for Disease Control and Prevention (CDC) has reported an upsurge in pneumonia mortalities related to the novel coronavirus. This has spurred the adoption of molecular diagnostic tests for treating COVID-19 pneumonia. Health systems worldwide are gathering random samples from patients having severe respiratory illnesses such as pneumonia, including those with travel history, and testing them for COVID-19.

Acquisition Strategic Focus of Pneumococcal Testing Manufacturers

Acquisition strategy helps in complementing life sciences offering innovative technologies that create significant value to organizations. For example, in March 2020, Thermo Fisher Scientific Inc., the world leader in serving science acquired QIAGEN N.V., a leading global provider of molecular diagnostics and sample preparation technologies. This acquisition provides an opportunity to leverage industry-leading capabilities and R&D expertise to accelerate innovation.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Non-opioid Pain Patches Market Expanding at a healthy 4.1% CAGR, the market size is projected to total US$ 4.4 Bn by 2029

In recent years, non-opioid pain patches have gained huge attention of leading industry players due to the addictive risk and safety concerns of alternative opioid pain analgesics. In addition, governments and regulatory bodies are encouraging non-addictive alternative therapies for acute and chronic pain treatment. Leading industry players in the non-opioid pain patches market are tapping this opportunity by allocating significant investments towards the R&D of novel transdermal non-opioid pain technologies. Continuous innovation in these novel drugs is expected to drive the non-opioid pain patches market in the decade ahead. Key manufacturers operating in the market are offering a wide range of products such as lidocaine patches, diclofenac patches, methyl salicylate patches, capsaicin patches, ketoprofen patches, and others. Owing to the non-addictiveness of non-opioid pain therapeutics, there has been increasing demand for non-opioid pain patches, creating opportunity for the growth of the non-opioid pain patches market.

FMI – a well-established name in the market research domain – forecasts that, the non-opioid pain patches market will experience a major upturn post 2025, crossing the US$ 4 Bn mark by 2029.

That being said, the market is likely to witness decline in the near term due to the novel coronavirus (COVID-19) pandemic. The impact of the pandemic has been prominent in China, where the virus originated, and Europe – Spain, Italy, and France. Consequently, governments in these regions have imposed total lockdowns, leading to logistic nightmares, and gradual exhausting of existing non-opioid pain patches.

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Key Takeaways of Non-opioids Pain Patches Market Study     

  • In terms of product type, the lidocaine patches segment is expected to capture over 65% of revenue share in the non-opioid pain patches market.
  • Owing to superior topical effectiveness with minimal side-effects and prolonged transdermal drug release, lidocaine patches are the most preferred product type.
  • In terms of distribution channel, hospital pharmacies and retail pharmacies & drug stores are expected to collectively hold over 70% of total value in the non-opioid pain patches market during the forecast period.
  • North America is the highest revenue generating market by region, due to high R&D projects and conducive regulatory environment for non-opioid pain therapeutics. Europe is expected to offer lucrative opportunities, owing to the large aging population and increasing per capital healthcare expenditure.

Strategic Collaborations – Key Differentiating Strategy Followed by Leading Manufacturers

Leading manufacturers in the non-opioid pain patches market are focusing on external development collaboration to innovate novel therapeutics, in a bid to sustain market competition. For instance, in April 2018, Seattle-based Kineta Chronic Pain collaborated with Genentech to develop a non-opioid drug for the treatment of chronic pain. The underdevelopment drug is α9/α10 nicotinic acetylcholine receptor (nAChR) antagonists, a novel target for the treatment of chronic neuropathic pain.

Want more insights?

A new study by Future Market Insights on the non-opioid pain patches market opines on the indications of non-opioids pain patches from 2014–2018, and presents demand projections for 2019–2029, on the basis of product type (lidocaine patches, diclofenac patches, methyl salicylate patches, capsaicin patches, ketoprofen patches, and others) and distribution channel (hospital pharmacies, retail pharmacies & drug stores, and online pharmacies), across seven prominent regions.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Medical Protective Equipment Market is Expanding at a CAGR of 10.4% during 2022-2030

Global medical protective equipment market will experience a major upturn in 2020 and onwards, amid the global COVID-19 pandemic, reaching a projected valuation of over US$ 41 Bn through 2030. The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipments in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.

Key manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Owing to non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogen and development of effective treatment, there has been an increasing demand for medical protective equipment, creating an absolute opportunity for growth of the medical protective market.

Covid-19 Pandemic Crisis Fosters Demand

Sudden virus pandemic situation has created huge gap between supply and demand of medical protective equipments. Recently in December 2019, Covid-19 pandemic has been emerged across the global geographies. This highly-transmissible respiratory disease has significantly rise the unmet demand of medical masks, gloves and other protective equipments.

For instance, according to WHO study, WHO has advised personal protective equipment industry and governments to increase manufacturing by 40% to meet rising global demand of personal protective equipment (PPE) amid global Covid-19 outbreak.

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Key Takeaways of Medical Protective Equipment Market Study

  • Medical gloves segment is expected to contribute more than 40% of revenue share in the medical protective equipment market.
  • Owing to use of gloves in prevention of primary infections and to perform surgical procedures by healthcare workers, medical gloves segment is the most dominated product type.
  • Disposable medical protective equipment will gain more than 75% of market share in the medical protective equipment market throughout the forecast period.
  • Hospitals and NGO’s/ government organization segments are expected to collectively gain more than 60% of market share in the medical protective equipment market during 2020-2030.
  • Europe is the highest revenue generating market by region due to aging population and high rate of new pathogenic infections. North America is expected to offer lucrative opportunities owing to higher incidence of new infections and increasing volume of innovative surgical procedures.

Manufacturing Collaborations Preferred to Tackle Massive Demand Growth

Leading manufacturers in the medical protective equipment market are extensively focusing on expansion of their manufacturing capabilities in the disruptive demand. Government is actively encouraging local manufacturers to prioritise an emergency demand of medical protective equipments in the public hospitals and other healthcare set-ups.

For instance, in March 2020, the 3M Company, the U. S. based global leader in medical protective equipments has collaborated with giant automobile manufacturer Ford to transform auto manufacturing facility into respirators manufacturing plant.

What does the report cover?

Medical protective equipment market, a new study from Future Market Insights, opines on the indications of medical protective equipment from 2015 – 2019 and presents demand projections from 2020 – 2030 on the basis of; product type (gloves, protective clothing, gowns, N95 respirators, surgical masks, goggles, face shields, head covers and shoes covers), usage (disposable and non-disposable) and end user (hospitals, NGO’s/ government organizations, ambulatory surgical centers, specialized clinics and diagnostic and research laboratories) across seven prominent regions.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Future Market Insights,
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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For Sales Enquiries: sales@futuremarketinsights.com
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Respiratory Pathogen Testing Kits Market will witness a substantial CAGR of 6.5% between 2020 and 2030

The global respiratory pathogen testing kits market was valued at US$2.49 Bn in 2019 up by 5% over 2018. As per study conducted by Future Market Insights (FMI), the market will witness a substantial CAGR of 6.5% between 2020 and 2030. The report states that the prevalence of microbial infections in the form of common cold, pneumonia, tuberculosis, influenza, bronchitis, and the latest – Covid-19 is driving the manufacturers towards increased production of respiratory pathogen testing kits. The global conglomerates are entering into partnership with local players to suffice the increasing demand for these kits.

This report encloses in-depth insights into the respiratory pathogen testing kits market. A few of them are:

  • The market is estimated to reach US$ 2.65 Bn by the end of 2020.
  • Numerous companies are opting for strategic expansion in Asia Pacific due to the ever-increasing incidences of pathogen-centric diseases (more so due to population density in Asia Pacific). Some of them are also tying up with local players to address the increasing demand and provide affordable kits.
  • Extensive research being funded by governments/government agencies is contributing to the growth of market and this trend is expected to continue in the forecast period as well.

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Outbreak of Covid-19 To Spur the Demand for Respiratory Pathogen Testing Kits

The existing medical conditions impelling the respiratory pathogen testing kits market include bronchitis, pneumonia, TB, influenza, common cold, and tonsillitis. The outbreak of Covid-19 has bolstered the market as the number of cases are rising every single day at an alarming rate. To employ corrective measures within the stipulated timeframe; it’s imperative to have respiratory pathogen testing kits in place. Flagship companies along with government bodies are coming together to keep pace with regards to these kits availability.

On the other hand, certain high-risk professions like coal mines are subject to safety guidelines by their respective governments. These workers, over the period of time, encounter COPD (Chronic Obstructive Pulmonary Disease) as they unknowingly inhale silica dust (abreast with bacteria). The governments mandate regular health check-ups of these workers. As such, these workplaces do make use of respiratory pathogen testing kits for reporting the HQ (health quotient) of the workers. This consistent demand is likely to hold the flag high for respiratory pathogen testing kits market.

Who Is In Win-Win Situation?

The key respiratory pathogen testing market players covered by FMI include Thermo Fisher Scientific, Abbott Laboratories, Danaher Corporation, Becton, Dickinson and Company, Mobidiag, iGenetic Diagnostics, Hoffmann-La Roche Ltd., etc. They are focusing on devising innovative products with competitive pricing, thus expecting to account for maximum market share. The other measures include collaborating with regional market players in the Asia Pacific region in order to expand their clientele and grab respiratory pathogen testing kits market share in emerging economies.

Heavily investing in research to expand product portfolio and market presence globally, especially to cater to the needs of end users, consolidating their positions through mergers, acquisitions, and new product launches is also on the anvil.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Future Market Insights,
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Europe to Register Impressive Growth in Beverage Cartoners Production During 2022-27: Future Market Insights

“Future Market Insights (FMI) delivers key insights on the global beverage cartoners market in its published report, titled “Beverage Cartoners Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2027.””

In terms of revenue, the global beverage cartoners market is estimated to grow at a CAGR of 4.8% during the forecast period, owing to numerous factors, about which FMR offers thorough insights and forecasts in this report. The European beverage cartoners market is expected to remain in the leading position during the forecast period.

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Beverage cartoners are multi-functional machines that create cartons from flat blanks; secures carton by slots and pre-cut tabs and lastly seals them by adhesives or heat. Beverage cartoners are an integration of various machines into a single unit. The output performance of these machines is usually measured in terms of production capacity, that is, the number of packages created per hour. Beverage cartoners are reliable, simple, and require a single person to operate. These machines are highly efficient, ensuring low operating costs. Beverage cartoners provide excellent protection against environmental factors to the packaged products, and their high efficiency helps to reduce delivery time of products, thereby increasing the production capacity.

In the report, FMI suggests that the brick carton machine segment is expected to play a key role in the growth of the beverage cartoners market during the forecast period. Beverage cartoners are expected to witness significant growth in many emerging countries owing to the rise of demand for aseptic packaging. Brick carton machines are used in the packaging of various types of beverages ranging from fruits juices to ready-to-drink tea & coffee. The research also suggests that the brick carton machine segment is anticipated to be one of the highest contributors to the growth of the beverage cartoners.

Gable top machines are anticipated to witness the highest growth in the beverage cartoners market during the forecast period. The growth is mainly attributed to the contributions of countries like Germany and UK in the European region. In North America, beverage cartoners market has been estimated to have high growth potential, considering that most of the manufacturing sector has been captured by gable top machines segment of beverage cartoners. Manufacturer are adopting beverage cartoners as it reduces the labour cost and increases efficiency. Germany is expected to be at the forefront, spearheading the growth of the European beverage cartoners market during the forecast period.

According to the research by FMI, beverage cartoners market has witnessed rapid growth in the past couple of decades and steadily rose to over-capacity of production in Germany and the UK. Germany’s annual beverage cartoners market yield and production enables it to tower over other European countries.

Some of the key drivers for the growth of the global beverage cartoners market include growing demand in end-use applications such as fruit juices, dairy products, and ready-to-drink tea & coffee, etc. Though beverage cartoners are more expensive machines, they are more reliable.

The key focus of companies involved in the manufacturing of beverage cartoners is enhancing their production capacity, both by expanding new production facilities and by improving existing sites. The key motive is to have a worldwide presence through collaborations, acquisitions, or by exports in the beverage cartoners market.

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The manufacturers of beverage cartoners are likely to eye the lucrative regions of Europe & North America in the coming years. Mass urbanization in countries, coupled with upgraded standards of packaging solutions, is expected to be the fundamental driving forces behind growth in demand for beverage cartoners. The beverage cartoners market is in for a dramatic turn of events in the next decade, as the focus shifts towards the Asia Pacific.

Key players considered in the report on beverage cartoners market include Tetra Pak, Inc., Econocorp, Inc., SIG Combibloc Group, RA Jones & Co. Inc., Gerhard Schubert, Elopak AS, Visy Industries Holdings Pty Ltd., Krones AG, and Shanghai Joylong Industry Co. Ltd. Many unrecognized and local players are expected to contribute to the global beverage cartoners market in 2018-2027.

Inkjet Printers Market Revenue Growth Predicted by 2028

“Future Market Insights delivers vital insights on the inkjet printer market in its published report, titled “Inkjet Printers Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)”. In terms of revenue, the global inkjet printers market is projected to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.”

 

Inkjet printers are non-contact printers which use a nozzle to propel the ink on the substrate. The nozzle of inkjet printers is controlled digitally. Different inkjet printers are used according to the various applications. Single and multifunctional inkjet printers are used in institutions like offices, schools, and colleges. Large format inkjet printers are used to print posters, photographs. Industrial inkjet printers are used for marking, coding, and printing labels generally for packaging. While inkjet press is used for bulk printing such as books, catalogues, and magazines.

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In the report, FMI suggests that multi-functional and large format inkjet printers segments are expected to play a critical role in the growth in demand for inkjet printers during the forecast period. Inkjet printers due to lower investment cost and high print quality are expected to witness an increase in preference over counterparts such as laser printers which are used in many emerging countries.

The APEJ is expected to spearhead the global growth in the inkjet printers market. The presence of radially emerging economies, increasing living standards, and the large urban population are expected to be the critical drivers for the growth of inkjet printers market in the region. According to FMI, multifunctional inkjet printers are expected to have the largest market share in the inkjet printers market in the region due to the versatility of the multifunctional inkjet printers and increased penetration of multifunctional inkjet printers in offices, schools, colleges, and other institutes. China is expected to outpace the other countries in growth of inkjet printers market in the APEJ.

North America and Western Europe are projected to witness stagnant growth due to the maturity of the inkjet printers market in the regions. The US in North America and Germany in Western Europe are expected to have the largest market share because of the higher preference of the consumers for inkjet printers over other printers. However, the large format inkjet printers are estimated to have maximum growth in the region due to the increasing trend of adopting large format printers for the poster printing in advertisement and the professional photo printing.

Latin America and MEA are expected to be the promising markets in the global inkjet printers. The emerging economies in North Africa and Latin America, specifically Argentina and Mexico, are expected to represent high incremental opportunities due to increased penetration of inkjet printers into end-user industries. The paper segment, by substrate type segmentation of inkjet printers market, is expected to have the highest share in the inkjet printers market of Latin America and MEA due to the higher consumption of copier papers in the regions.

Japan accounts for a smaller share in the global inkjet printers market. However, Japan-based companies such as Seiko Epson Corporation, Canon Inc., and Brother Industries Ltd combine to have the highest market share in the global inkjet printers market.

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The companies involved in inkjet printers manufacturing have their key focus on enhancing the ink carrying capacity of the inkjet printers and to increase the global footprint through acquisitions and expansions. The manufacturers of inkjet printers are likely to eye the profitable region of Asia Pacific in the coming years. Mass urbanization in these countries, coupled with improved standards of living, is expected to be the key driving force behind growth in demand for inkjet printers.

Key players considered in the report on inkjet printers market include HP Inc., Canon Inc., Brother Industries, Ltd., Seiko Epson Corporation, Xerox Corporation, Hitachi Industrial Equipment Systems Co., Ltd, Lexmark International Inc., Domino Printing Sciences plc, Inkjet, Inc., Markem-Imaje Corporation, and Videojet Technologies, Inc.

Compostable & Biodegradable Refuse Bags Market Expectations and Growth Trends Highlighted Until 2028

“Future Market Insights (FMI) delivers key insights on the global compostable & biodegradable refuse bags market in its published report, titled “Global Compostable & Biodegradable Refuse Bags Market: Industry Analysis and Opportunity Assessment 2022–2028”. ”

In terms of revenue, the global compostable & biodegradable refuse bags market is estimated to expand at a CAGR of 8.0% over the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Compostable & biodegradable are terms used to designate organic materials breaking down in specific environment condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable & biodegradable refuse bags are made up of organic material, which are obtained from plants.

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Such plant based materials which are used to make compostable & biodegradable refuse bags are starch blends (corn, potato and others), Polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment.

The global market for compostable and refuse bags market is further segmented as per capacity, product type, speed, material type, thickness and end use.

On the basis of capacity type, global market for compostable & biodegradable refuse bags is segmented into 7-20 gallons, 20-30 gallons, 30-40 gallons, 40-55 gallons and above 55 gallons. On the basis of product type, global market for compostable & biodegradable refuse bags is segmented into biodegradable and compostable. On the basis of material type, global market for compostable & biodegradable refuse bags is segmented into PLA, PBS, PBAT, PHA, starch blends, cellophane and paper. On the basis of thickness, the global market for compostable & biodegradable refuse bags is segmented into 0-0.7 mil, 0.7-0.9 mil, 0.9-1.5 mil, above 1.5 mil. On the basis of end use, the global market for compostable & biodegradable refuse bags is segmented into retail and consumer, industrial and institutional.

This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the compostable & biodegradable refuse bags market.

The North America compostable & biodegradable refuse bags market Include country level analysis for the U.S. and Canada. The U.S compostable & biodegradable refuse bags market is expected to grow at a CAGR of 7.7% over the forecast period wherein compostable segment enjoy dominant share, by product type. The Latin America compostable & biodegradable refuse bags market include country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Brazil compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.5% during the forecast period. The Western Europe compostable & biodegradable refuse bags market include country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic and Rest of Europe. Germany and Italy account for a significant market share in the Western Europe compostable & biodegradable refuse bags market. The Eastern Europe compostable & biodegradable refuse bags market include country level analysis for Russia, Poland and Rest of Eastern Europe.

The Russia compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.6% during the next decade. The Asia Pacific excluding Japan compostable & biodegradable refuse bags market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ. The APEJ compostable & biodegradable refuse bags market represent most lucrative geographic region wherein India and China represent substantial incremental opportunity over the forecast period. The Middle East and Africa (MEA) compostable & biodegradable refuse bags market include country level analysis for GCC, South Africa, North Africa and Rest of MEA. Compostable & biodegradable refuse bags market in the GCC region is particularly driven by high growth in the industrial segment. The Japan compostable & biodegradable refuse bags market is expected to expand at a CAGR of 5.3% over the forecast period.

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In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.

Tip Location Devices Market is anticipated to progress at a CAGR of 7.0% to reach US$ 70.2 Mn by 2030

The global tip location devices market is likely to surpass USD 35 million in revenues by 2020-end, according to a latest report by Future Market Insights (FMI). The ESOMAR-certified firm has an optimistic outlook on the long-term prospects of tip location devices market, with its latest report forecasting a 6.4% CAGR through 2030.

Tip location devices are being commercialized as a solution to incorrect positioning of catheters. Using tip locator devices does reduce incidences of this incorrect positioning by 10-16% as they make use of micro sensors to gauge the catheter’s position. This, in turn, reduces the cost of catheterization as the conventional technique of X-Rays is not employed over here. This precision followed by cost-effectiveness are likely to drive the tip location devices market in the forecast period.

Moreover, the players have been an active part of global conferences with respect to showcasing the product portfolio. These measures are expected to increase the visibility of the players as a brand.

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For instance – Teleflex Incorporated, in Sep 2019, participated at the conference conducted by Cardiovascular and Interventional Radiological Society of Europe by presenting its Peripheral Intervention Product Portfolio. The conference was held in Barcelona.

Key Takeaways from Tip Location Devices Marker Study

  • Tip location system anticipated to witness a CAGR of 5% between 2020 and 2030
  • ECG with magnetic tracking accounted for more than 60% of market share in terms of revenue in 2019.
  • North America to account for more than 50% of market share in 2020 and the trend is expected to continue in the forecast period.

Competitive Intelligence

The global market is set to widen its scope in the forecast period, stimulated by rising number PICC procedures globally and adoption of tip confirmatory systems for during catheter insertion. The key market players covered by FMI include C.R. Bard, Inc., Teleflex Incorporated, AngioDynamics Inc., Vygon S.A., CORPAK MedSystems. Coming up with easy-to-use and advanced tip location devices is one of the objectives of these players.

For instance – Teleflex’s “Arrow VPS Rhythm Device with TipTracker Technology” does need any calibration, expedites patient therapy (with elimination of X-Ray or Fluoroscopy), and simplifies PICC insertion.

On the similar lines, AngioDynamics has tabled next generation of Peripheral Atherectomy Technology. Acquiring Auryon has facilitated this state-of-the art technology.

CORTRAK* 2 ENTERAL ACCESS SYSTEM (EAS) is an electromagnetic stylet from Avanos that gives real-time location information regarding placement of the tip of the tube. One could get immediate feedback due to on-screen visualization. This eliminates use of X-Ray.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Diabetic Nephropathy Market Top Players with Share, Product Scope, Total Revenues, Business Development and Opportunities till 2026

Diabetes is a disease condition of high blood sugar level, caused due to malfunctioning of the pancreas. Nephropathy means kidney damage or impairment. Diabetic nephropathy is a kidney glomerulus disease which is one of the major complications in terms of morbidity and mortality for diabetic population. Symptoms and signs of diabetic nephropathy are unknown in early stages. However, in later stages major signs and symptoms occur which includes high blood pressure, ankle and leg swelling, vomiting, morning weakness, high level of blood urea nitrogen (BUN), increased albumin secretion in urine, nausea, and itching. For treatment of diabetic nephropathy, disease modifying therapies (DMT) that employ angiotensin II receptor blockers (ARBs) and angiotensin-converting enzyme (ACE) inhibitors are used. ACE inhibitors and ARBs provide superior protection to the kidney. Major ARBs are losartan, candesartan, and irbesartan while ACE inhibitors, such as lisinopril, captopril, enalapril, and ramipril decreases the amount of protein in the urine. The increasing investment in research and development for drug discovery followed by awareness of diabetes and kidney related disorder treatment are the major factors that are anticipated to boost the demand for products in the global diabetic nephropathy market. For instance, the American Diabetes Association organized regular programs to create awareness among diabetic population and it ensures all the patients are able to get the knowledge, best treatment and care for diabetes management. 

Diabetic Nephropathy Market: Drivers and Restraints

The global market for diabetic nephropathy is expected to be driven by the increasing R&D investments in drug discovery and development and growing prevalence of diabetes. For instance, according to International Diabetes Federation 415 Mn people are currently affected by diabetes globally and it is expected to increase to 642 Mn diabetic people by 2040. Rising awareness for diabetes disease treatment and increasing usage of combination therapy are trending factor that is expected to influence the demand for global diabetic nephropathy market during the forecast period of 2016-2026. However, stringent regulations and lengthy product approval procedure for drugs are major concerns for the global diabetic nephropathy market.

Diabetic Nephropathy Market: Overview

The global diabetic nephropathy market is expected to grow at a steady rate during the forecast period of 2016-2026. The growing incidence of diabetes has predominantly fueled the growth of the global diabetic nephropathy market. According to WHO, around 9% adults were affected by diabetes globally in 2014. By 2030, the diabetes is expected to be the seventh leading cause of death globally.

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Diabetic Nephropathy Market: Regional Overview

Region wise, the global diabetic nephropathy market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. North America is expected to dominate the global diabetic nephropathy market in terms of value due to increased combination drugs usage along with rising awareness about the various kidney diseases. Europe is the second major contributor to the global diabetic nephropathy market in terms of value due to increasing prevalence of diabetes and increase in healthcare expenditure for diabetes treatment in the various parts of Europe. However, market in APEJ is expected to grow at rapid pace during the forecast period owing to increase in spending for healthcare treatment and increased awareness of new diabetic drugs in the market.

Diabetic Nephropathy Market: Key Players

Some of the key players in global diabetic nephropathy market include AbbVie Inc., Bayer AG Merck & Co. Inc., ChemoCentryx Inc., GenKyoTex S.A., Mesoblast Limited, Mallinckrodt Pharmaceuticals, Novartis AG, Sanofi S.A., Eli Lilly and Company, Mitsubishi Tanabe Pharma Corporation, Reata Pharmaceuticals, Inc., and others. The market for diabetic nephropathy is fragmented with presence of many vendors in international market. These companies are adopting strategy of increased emphasis on research and development for discovery of new drug combination.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand, Rest of APEJ)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest of MEA)

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

Diabetic Nephropathy Market: Segmentation 

The global diabetic nephropathy market is classified on the basis of treatment type and geography.

Based on treatment type, the global diabetic nephropathy market is segmented into the following:

  • Angiotensin-Converting Enzyme Inhibitors
  • Angiotensin Receptor Blockers
  • Diuretics
  • Calcium Channel Blockers
  • Renin Inhibitors
  • Connective Tissue Growth Factor Inhibitors
  • Antioxidant Inflammation Modulator
  • Monocyte Chemoattractant Proteins Inhibitor
  • Endothelin-A Receptor Antagonist
  • G Protein-Coupled Receptors

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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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Heat Transfer Films Market to Witness a Healthy Growth by 2028

“The textile industry dominates global market for heat transfer films with the highest demand as well as consumption. In light of this, U.S.-based manufacturers are increasingly augmenting R&D investments in a bid to develop efficient and low cost PU or PVC blends for heat transfer films manufacturing.”

Manufacturers are also acquiring international certifications such as EN ISO 20471, CSA-Z96-02, ANSI/ISEA 107, AS/NZS 1906 and OKEO-TEX 100 to showcase their manufacturing excellence, product quality, and safety standards.

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Competition in the U.S., APEJ, and South Asia is relatively higher among the players operating in these regional markets.

The intensity of competition in U.S. heat transfer films market is very high due to the low cost imports of heat transfer films from Germany, Korea, China, and some of the countries in South Asia. The manufacturers in South Asia enjoy access to cheap labor, low raw material prices, easily available raw materials, and major textile markets.

Moreover, the vendor landscape is undergoing a vast change owing to the U.S. Government’s initiative to protect domestic manufacturers. Manufacturers in the U.S. are entering new joint ventures, forming subsidiaries, and collaborating with manufacturers in South Asia to stay competitive.

APEJ has a large number of SMEs that are already selling at cheaper rates. Consequently, the market expects fierce competition among key players across all these regions in next few years.

According to the report published by Future Market Insights (FMI), the global heat transfer films market is expected witness a CAGR of 5.7% from 2022 to 2028. The market is projected to touch US$ 3,259.6 Mn by the end of 2028 from a valuation of US$ 1,793.0 Mn in 2017.

Vinyl Printed and Glossy Sportswear to be Preferred Highly by Millennial Population

Increasing health awareness, and growing participation in sports and fitness activities is driving the sportswear industry, providing an indirect boost to heat transfer films market. Premium sportswear brands are gradually adopting glossy and metallic heat transfer films to print logos and graphics on T-shirts and other garments.

Women sportswear manufacturers are actively using heat transfer vinyl, which are especially vented, glossy, and metallic. Vented heat transfer vinyl films provide breathing or air circulation to garments.

Augmented adoption of activities such as surf boating, community marathons, and swimming is driving significant demand for surf clothing and swimwear.

Glossy and metallic films are extensively used in sales and promotional activities, to print point of purchase displays and banners. Using this type of vinyl makes the devices look more attractive and eye-catching, escalating the demand.

Heat transfer printing is driving the textiles and apparels sales. A burgeoning trend of printing on textiles and apparels is currently driving the textile industry.

Tech savvy millennial prefer better quality, yet inexpensive textiles. Changing purchasing patterns of millennial puts forth the need for a large variety of appealing designs on textiles on both online and offline platforms, which will in turn supplement the sales.

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Rising Labour and Manufacturing Costs to Impact Production

The cost of both labor and manufacturing in the U.S. is increasing rapidly, drastically influencing the production of materials. Strict governmental regulations on minimum wages and other labor protection laws have led to higher investment at the cost of declining profit margins. Strict environmental guidelines and industry standards have resulted into growing investments in facility up-gradation. High raw material costs and volatility of raw material prices have been negatively impacting manufacturers in the U.S. Heat transfer film industries need low cost-unskilled labor for a majority of their operations, which currently seems to be unfeasible. However, manufacturers are addressing this issue with employing cheap labor and purchasing low-cost raw materials from Asia.

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.