Antibiotic Susceptibility Testing Market Is Anticipated To Expand At A CAGR Of 5.6% Over The Forecast Period 2021–2028

Growing use of antibiotics in treating even the most common health conditions remains a strong factor boosting demand for antibiotic susceptibility testing (AST). Increasing government funds for microbial and antibiotic susceptibility testing research and consistently improving outcome of PPPs in terms of enhanced screening and evaluation of antibiotics are playing a pivotal role in strengthening the performance of antibiotic susceptibility testing market. CDC’s ‘AMR Challenge’ involving bioMérieux is a recently announced as objective to accelerate research efforts in the field of microbial resistance.

A recently published research intelligence on the global antibiotic susceptibility testing market by Future Market Insights tracks the top five influencers pushing demand and revenue growth of the market at a global level.

  • Infectious diseases, prevailing at a high pace
  • Increasing rate and tenure of hospitalization
  • Growing significance of early diagnostics
  • Soaring research interests in microbial susceptibility testing
  • Improving funding scenario for research, driven by governments & private bodies

Towards 2019, global revenue through total installed base of antibiotic susceptibility testing systems is likely to see 6.4% yearly growth over that achieved in 2018.

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Prominent Players:

  • BD
  • Danaher
  • Thermo Fischer Scientific
  • Bio-Rad Laboratories
  • Creative Diagnostics
  • Accelerate Diagnostics
  • Alifax
  • Liofilchem srl
  • bioMérieux SA
  • Merck KgaA

Entry of Technologically Advanced AST Systems to Favor Market Growth

As indicated by research, the sales of antibiotic susceptibility testing equipment will witness healthy growth owing to increasing demand for specific susceptibility testing systems to define the scope of targeted therapy. Targeting key pathogens is imperative to design a highly specific plan of treatment for a particular patient, and antibiotic susceptibility testing systems efficiently allow researchers to achieve it within a significantly short timeline.

With FDA approving a considerable number of antibiotic and microbial susceptibility testing equipment, especially in the recent past, FMI forecasts an impressive installed base for antibiotic susceptibility testing systems in coming years. Advanced technology enabled antibiotic susceptibility testing equipment allows early diagnosis that in turn improves chances of developing targeted therapy earlier. One such recent advancement enjoying visibly growing traction in market includes oCelloScope. This antibiotic susceptibility testing equipment by BioSense Solutions is an optical susceptibility screening system with the capability to deliver real-time, time-lapse imaging of multiple microbial combinations, simultaneously.

Recently, Thermo Fisher Scientific, Inc. and Becton, Dickinson and Company received FDA approvals for their new launches in antibiotic susceptibility testing space. Moreover, FDA passed an approval to a susceptibility testing device by bioMérieux that has an expanded capability to identify a particular pathogen.

Research in Screening of High Pathogen Concentration Samples to Propel Demand for AST

The process of spotting a specific set of genes responsible for antibiotic resistance is highly complicated when it comes to handling the complexities associated with samples that have high concentration of pathogens. Some of the highly desirable antibiotic susceptibility testing systems that allow direct-from-sample pathogen identification through high pathogen concentration samples, are thus likely to gain high traction in coming years.

Growing research efforts in the recognition of the presence of a specific set of antibiotic resistant genes can direct efforts for identification and selection of narrow-spectrum antibiotics, which remains among the most prominent factors pushing installed base of such antibiotic susceptibility testing equipment.

A few recent launches in this segment include

  • Genmark Diagnostics
  • ePLEX Blood Culture ID Panel
  • Biomerieux’s BioFire FilmArray
  • Luminex Corp.’s Verigene Bloodstream Infection Panel.

The report also sheds light on the increasing role of Ecommerce in the market by boosting the availability of antibiotic susceptibility testing systems. Offering improved access to susceptibility testing devices by industry’s leading brands, online retail operators have been attracting prominent vendors in the global antibiotic susceptibility testing market. A number of vendors dealing in antibiotic susceptibility testing equipment are opting for devices that are available online owing to the significantly reduced costs and additional discounts on price.

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Additional Questions Answered

Some of the additional questions addressed in this report on the antibiotic susceptibility testing market-

  • What is the revenue potential of the antibiotic susceptibility testing market across regions of North America and Europe?
  • Who are the key competitors and what are their portfolios in the antibiotic susceptibility testing market?
  • What are the major challenges influencing the growth of the antibiotic susceptibility testing market?
  • How intervention from regulatory authorities is shaping the antibiotic susceptibility testing market growth?

Key Segment

Based on product type

  • instruments
    • automated broth microdilution systems
    • manual broth microdilution systems
    • semi-automated broth microdilution systems
  • software & services
    • image & analysis software
    • installation services
  • kits & reagents

Based on applications

  • sepsis
  • respiratory infections
  • gastrointestinal infections
  • meningitis & encephalitis
  • endocarditis
  • others

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Based on end user

  • diagnostic laboratories
  • hospitals
  • research laboratories

Based on regions

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Cellulite Treatment Market to Reach US$ 2,100 Million, Globally, by 2027 at 8.1% CAGR: FMI

Hard Cellulite Predicted to Hold an Attractive Market Share in the Near Future

One major driver behind the growth of cellulite treatment market is the increasing number of obese population. There are also increased number of cases for fat deposition. The people who are comparatively overweight mostly face this problem, in turn triggering the demand for cellulite treatment. These cases have helped people grow aware about cosmetic surgeries and has also broadened the scope of these surgeries in market. There’s a significant rise in aesthetic procedures taking place worldwide. Especially in Brazil, where there were around 5,500 cosmetic surgeons performing the second highest number of aesthetic procedures after the U.S. Around 1,450,020 minimally invasive and non-surgical procedures were performed in Brazil in 2016. Among different types of cellulite, hard cellulite is expected to register a growth rate of around 7.8% during 2018-2028, which is higher than other cellulite types.

Cellulite is a health condition which is more prevalent in women. With the growing health related complexities witnessed in women, there’s also a growth in rate of people suffering from cellulite. A new research report by Future Market Insights revolves around examining the current scenario of global cellulite treatment market as well as forecast for its upcoming years. This comprehensive research report is titled ‘Cellulite Treatment Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028’.

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North America Slated for Strongest Projections in the Global Cellulite Treatment Market

Among the major regional divisions made for the research conducted on global cellulite treatment market, North America shows the strongest prospects with an expected market value of over US$ 2,100 Mn by the end of 2028, growing at an impressive CAGR of 8.1% during the forecast period. The growth is helped by North America’s moderate economy and healthcare market. Also, in the U.S., a large base of population, especially youngsters, suffer from fat deposition related disorders. The region is also ahead of other regions due to its developed economy and advanced facilities. The cellulite treatment involves advanced techniques which are also costly for people to afford. This makes the market more prominent in developed regions like North America.

Global Cellulite Treatment Market: Competitive Landscape

The research report has a detailed scenario of competition going on in the global cellulite treatment market. It includes a SWOT analysis of big companies that are vigorously involved providing cellulite treatments to people.

  • Merz Pharma GmbH & Co.
  • KGaA,
  • Cynosure, Inc. (Sub. Hologic Inc.),
  • Tanceuticals,
  • LLC.,
  • Inceler Medikal Co. Ltd.,
  • Cymedics,
  • Nubway,
  • Zimmer Aesthetics,
  • Syneron Medical Inc

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Market Taxonomy

Treatment Procedure

  • Non-Invasive
  • Minimally Invasive
  • Topical Treatment

Cellulite

  • Soft Cellulite
  • Hard Cellulite
  • Edematous Cellulite

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Dermatology Clinics

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Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific excluding Japan
  • China
  • Japan
  • Middle East & Africa

Exosome Diagnostic and Therapeutics Market is projected to expand at a high CAGR of 23.1% during the period of assessment

Future Market Insights in its recent research report titled “Exosome Diagnostic and Therapeutics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers several factors that are influencing the robust growth of the global market. As per this research report, the global exosome diagnostic and therapeutic market is projected to expand at a high CAGR of 23.1% during the period of assessment. The exhaustive research publication includes key trends, opportunities, threats, growth drivers and challenges that impact the global exosome diagnostic and therapeutics market. Detailed pricing analysis of different exosome diagnostic and therapeutics across key regions is also discussed in the research study. The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out which is used to track the future projections for a period of ten years, pertaining to value, of the global exosome diagnostic and therapeutics market.

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Segmentation Highlights of the Global Exosome Diagnostic and Therapeutics Market

The global exosome diagnostic and therapeutics market is segmented on the basis of product type, application, end user and region.

In the region category, North America is estimated to be the largest with a high market lucrativeness. This region is expected to grow at a significant CAGR during the forecast period to touch a large market estimation by end of the assessment year, thus leading the global market. Moreover, Asia Pacific excluding Japan (APEJ) is the fastest growing region and is the second largest in terms of adoption and use of exosome diagnostics and therapeutics. APEJ is filled with high growth opportunities and is being targeted by several giants in this sector, such as Thermo Fisher Scientific.

Global Market for Exosome Diagnostic and Therapeutics: Underlying Forces Influencing Growth

The growth of global market for exosome diagnostics and therapeutics is influenced by several factors. Increasing need for screening and diagnosis of chronic diseases coupled with high therapeutic potential of exosomes are fuelling the adoption of exosome diagnostics and therapeutics. Moreover, introduction of explicit systems for analysis of proteins specific to exosomes, increasing research and development activities supported by favourable government policies across various regions and increasing popularity of exosome over CTC and ctDNA are expected to trigger the growth of the global market for exosome diagnostic and therapeutics market in the years to follow. On the contrary, lack of standardization and validation requirements for isolation of exosomes is expected to pose hindrances to the growth of the global market. Other factors negatively impacting the market’s growth include heavy investments in research and development and insufficient insurance coverage of costly cancer diagnostic tests.

By product type, reagents and kits are gaining high traction owing to increasing use in exosome diagnostics and therapeutics. The reagents and kits segment dominated the market in 2017 and is anticipated to continue with the trend in the coming years. This segment is also expected to expand at a high growth rate during the forecast period. The reagents and kits segment is expected to register a high CAGR of 28.2% throughout the period of forecast. The software segment is the second fastest growing segment spurring the growth of the global market.

In the application category, diagnostic segment is the largest as compared to therapeutics segment and is estimated to touch a value of over US$ 90 Mn by the end of the year of assessment, growing at a significant pace. Therapeutics segment is projected to expand at a CAGR of 29.0% throughout the period of assessment.

With respect to end user, the use of exosome diagnostic and therapeutics is largely observed in diagnostic centres. The diagnostic centres segment is expected to surpass other end user segments with a high market share and growth rate in the coming years.

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Forecast Analysis of the Global Exosome Diagnostic and Therapeutics Market

According to the research report, the global market for exosome diagnostic and therapeutics is expected to grow at a high CAGR to reach an estimate of over US$ 150 Mn by the end of the year of assessment from a value of about US$ 19 Mn in 2017.

Competitive Landscape Shaping the Global Exosome Diagnostic and Therapeutics Market

Manufacturers of exosome diagnostic and therapeutics are focusing to raise capital required for launch of new products or research and development expenses through venture financing. Key companies such as

  • Thermo Fisher Scientific Inc.
  • NanoSomix Inc.
  • NX PHARMAGEN
  • Capricor Therapeutics Inc.
  • Exosome Diagnostics Inc.
  • Exiqon A/S (Aethlon Medical Inc.).
  • System Biosciences Inc.
  • Aegle Therapeutics AMS Biotechnology (Europe) Limited
  • Miltenyi Biotec.

Market segmentation

By Product Type

    • Instrument
  • Software
  • Reagents and Kits

By Application

  • Diagnostics
  • Therapeutics

By End User

  • Hospitals
  • Cancer Institutes
  • Diagnostic Centres
  • Others

By Region

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

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Saudi Arabia Pharmaceutical Market is expected to expand at a CAGR of 9.0% And estimated to be worth US$ 12,281.4 Million by the end of forecast period

The significant rise in lifestyle-related diseases and the developments in healthcare infrastructure are expected to influence the demand for pharmaceuticals in Saudi Arabia. In 2016, the Saudi Arabia pharmaceutical market is anticipated to procure value worth US$ 5,209.5 Mn at a y-o-y growth of 6.0 % over 2015. The mounting demand for branded drug products will continue to incite the growth of the Saudi Arabian pharmaceutical market in 2016.

The demand for pharmaceuticals in Saudi Arabia is expected to register substantial growth owing to the increasing penetration of health insurance companies and the rising incidence rate of non-communicable diseases. Furthermore, the exceptional rise in the per capita income of Saudi Arabia is also expected to foster the demand for branded pharmaceutical drugs. Another key factor driving the growth of the pharmaceutical market in Saudi Arabia is the country’s strategic move to allow 100% FDI in the pharmaceuticals sector. Although, the shortage of profound indigenous research capacity in the pharmaceutical industry and the delayed registration of drug and medicine patents is expected to limit the expansion of the market in 2016 and beyond.

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Based on the product type, the pharmaceutical market in Saudi Arabia is expected to witness an upsurge in the prescription-type branded drug products. In terms of market value, the branded drugs are estimated to reach US$ 2,760.8 Mn by 2016-end. The demand for generic drugs is projected to secure steady growth, attributing to the insisting promotion of generic drug adoption by healthcare insurance providers.

On the basis of the diseases, the pharmaceutical drugs used for treatment of cardiovascular diseases will continue exhibiting robust growth in 2016. The demand for cardiovascular medications will continue to surge due to the prominence of circulatory disorders in Saudi Arabia. Additionally, the rising prevalence of disorders related to body sugar levels is expected to make diabetes a rapidly growing disease-based sub-segment in the Saudi Arabia pharmaceutical market.

The pharmaceutical market in Saudi Arabia is also segmented on the basis of distribution channel, where retail pharmacies will continue to account for 80% market share compared to hospital pharmacies. The westernised modernisation of retail pharmacies in Saudi Arabia has led to the availability of a wide range drugs and medicinal products, thereby attaining a considerable growth in the retail pharmacy sub-segment in 2016 and further.

The rising resource potential in Saudi Arabia is projected to positively reform the production environment for pharmaceutical manufacturers. In order to expand the market’s size, structuring alliances with well-established native companies is predicted to be a key strategy for global pharmaceutical leaders.

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key players

Some key players in the Saudi Arabia pharmaceutical market covered in this report are SPIMACO, Tabuk Pharmaceuticals Manufacturing Co., Juphar, Jamjoom Pharma, GlaxoSmithKline plc. Pfizer Inc., Novartis AG and Sanofi. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of their specific strengths, weaknesses, opportunities and threats.

Long-term Outlook: The Saudi Arabia pharmaceutical market is expected to expand at a CAGR of 9.0% over the forecast period 2016-2026. In terms of market value, the pharmaceutical market in Saudi Arabia is estimated to be worth US$ 12,281.4 Mn by the end of forecast period.

Key Segments Covered

Product Type

  • Prescription Products
    • Branded Drugs
    • Generic Drugs
  • Over The Counter (OTC) Products

Disease Type

  • Cardiovascular Diseases
  • Diabetes
  • Cancer
  • Obesity
  • Infectious Diseases
  • Other Diseases

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Distribution Channel

  •  Hospital Pharmacies
  • Retail Pharmacies

Collaborative Robots Market Is Anticipated To Grow At A CAGR Of ~26% During The Forecast Period

A new market research study by Future Market Insights on the collaborative robots market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the collaborative robots market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global collaborative robots market is anticipated to experience substantial growth over the forecast period because of multiple driving factors such as, growing adoption of automation in end-use industry and reduction in labor cost coupled with high precision work and high regional demand for collaborative robots.

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Estimated to exhibit an impressive CAGR of ~26% during the period 2019-2029, growing automotive and electronic & semiconductors industry, incessant technological advancements, and enhanced range of applications of collaborative robots will remain instrumental to the market growth, according to the FMI analyst.

The East Asia Market Creating Significant Growth Opportunities

East Asia region is projected to boost the growth of collaborative robots market, owing to the significant rate of automation across industries. South Korea is the leading country in robots per 10,000-person ratio, whereas China has currently registered the highest growth rate in the same ratio. Inclination of these countries towards collaborative robots fueled with significant innovations in the technology is magnifying the market. Japan holds a major share of the market in the East Asia region. To that end, East Asia is expected to generate substantial growth opportunities in the forecast years.

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Collaborative Robots Market Key Segment

By Payload Capacity

  • Up to 5kg
  • 5-10kg
  • Above 10kg

By Application

  • Welding
  • Material Handling
  • Quality Testing/Inspection
  • General Assembly
  • Painting/Spraying
  • Others (Surgery, Cleaners, Institutional)

By End Use

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverage
  • Chemical & Pharmaceutical
  • Logistics
  • Healthcare
  • Others (Plastic, Metal & Machinery, Furniture & Equipment

By Region

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

Affordable Price and Multitude of Applications of Collaborative Robots Contributing to the Market Growth

The global collaborative robots market has been segmented based on the different types of payload capacities, their multiple applications, end use industry and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

  • Collaborative robots with payload capacity up to 5kg is projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5-10kg payload capacity collaborative robots.
  • On the basis of application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in a number of end-use industry. General assembly is another segment which is projected to have a fair share in the market growth.
  • Electronics and Semiconductors industry is projected to have significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.

Collaborative Robots Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global collaborative robots market. Few examples of key players in the market are Universal Robots A/S, AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB Group, Yaskawa Electric Corporation and K2 Kinetics among others. The global collaborative robots market is significantly dominated by some players holding prominent shares of the market. These players are indulging into strategic alliances, collaborations, mergers and acquisitions. For instance, ABB Group announced a collaboration with Kawasaki Heavy Industries Ltd. to share knowledge and are working on joint technical and awareness opportunities.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

For additional insights on the collaborative robots landscape, write to the analyst at press@futuremarketinsights.com

Fiber Laser Market Will Increase At A Compound Annual Growth Rate (CAGR) Of 11.1% Between 2021 And 2031.

The fiber laser market will register positive growth with the overall valuation forecast to surpass US$3.1 Bn in 2021. This market’s worth will increase at a compound annual growth rate (CAGR) of 11.1% between 2021 and 2031. The global sales of fibre lasers are expected to increase by year-on-year growth of 10.7% in 2021 generating sales revenue of just over US$3.1 Bn. Future Market Insights (FMI) expects fiber laser market to grow at a healthy pace with overall sales volume reaching 115,000 Units by 2021 end. Product innovation initiatives are expected to emerge as the key trend shaping fibre laser sales.

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Fiber laser technology has improved by leaps in terms of spectral coverage, output power, and ultra-short pulse width for past few years. Owing to rapid technological advancement, the area of application of fiber lasers has extended to healthcare, defense, and military domain.

Growing research and development activities towards designing high beam quality, environment friendly and low cost fiber lasers are the key growth drivers. Increasing government initiatives towards promoting green manufacturing along with initiation of Industry 4.0 will positively influence the market growth over the assessment period.

Rising adoption of novel materials and increasing concern among material manufacturers regarding its environmental impact across broad spectrum of end users is pushing manufacturers to use fiber lasers for cutting and marking applications, thus driving the market growth.

Introduction of automation in fiber laser market is expected to replace traditional operations like chemical etching and ink based printing that is used for machine marking. They are easy to use and digitization has made them compact and ideal for high power applications. These factors are expected to propel the sales of fiber lasers in the upcoming decade.

Increasing demand for high process speed for welding of thicker sheets of highly thermal conductive metals and growing efforts towards improving overall efficiency and flexibility of fiber laser will drive the market growth in upcoming years.

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Fiber laser is experiencing swelling demand from aerospace industries, as it offers superior beam quality, flexibility, and control over heat generation in the core through its adjustable laser geometry. Increasing use of modern fiber lasers in various material processing applications will fuel the sales through 2031.

Incorporation of fibre lasers with 3D printing for effective material deposition will further boost the market growth. Market players are focusing on developing energy efficient processes to minimize material consumption and lower the operational cost of fiber lasers. Fiber laser welding are used in manufacturing of low cost and highly reliable batteries for electric vehicles. These factors will aggrandize the market growth over the decade.

Key Takeaways from FMI’s Fiber laser Market Study

  • North America fiber laser market is forecast to grow at 10.9% CAGR through 2031, backed by rising industrialization and increasing production of consumer electronics in the country.
  • Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
  • China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
  • South Korea and Japan account for 10% of global fiber laser market share in 2021. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.
  • IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Lumnetum Operations, LLC, Wuhan Raycus Fiber Laser Technologies Co., Ltd. and Fujikura Ltd. are the top five market players and they collectively account for 90% of global market share in 2021.

“Quasi continuous wave fiber laser will remain highly sought-after owing to its ability to generate high peak power and high reliability, while welding dissimilar metals and metals with high thermal conductivity,” says the FMI analyst.   

Who Is Winning?

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share.

For instance, Furukawa launched new industrial fiber laser in July 2021. The new laser has high beam quality, time stability and high efficiency.

In 2016, Domino introduced “F720i” high performance fiber laser at PackExpo in U.S. It is designed to create legible and durable codes on aluminium beverage cans. With high IP rating, the new system is capable of withstanding harsh production environments and fulfills high speed coding requirement of beverage canning segment.

Coherent Inc. completed the US$942 million acquisition of Rofin-Sinar Technologies in 2016. Coherent Inc. is world’s prominent providers of lasers and laser-based technology for commercial, scientific and industrial customers and this acquisition will assist the company to expand their product portfolio.

Prominent players operating in the fiber laser market are:-

  • IPG Photonics Corporation
  • TRUMPF GmbH + Co. KG
  • Maxphotonics Co. Ltd.
  • Coherent Inc.
  • Newport Corporation
  • Wuhan Raycus Fiber Laser Technologies Co. Ltd.
  • Lumentum Operations LLC
  • Fanuc Corporation
  • Furukawa Electric Co. Ltd.
  • Keopsys S.A.
  • Fujikura Ltd.
  • NLIGHT Inc.

Key Segments Covered In Fiber laser Market Study:

By Laser Type:

  • Continuous Wave Lasers
  • Pulsed Lasers
  • Quasi Continuous Wave Laser

Output Power:

  • Low Power (Up to 100 Watts)
  • Medium Power (100W-2,000W)
  • High Power (More than 2,000 W)

Application:

  • Cutting
  • Welding & Other High Power Applications
  • Marking
  • Fine & Micro Processing
  • Communications and Advanced Applications
  • Medical

More Insights on the Global Fiber laser Market

In its latest report, FMI offers an unbiased analysis of the global fiber laser market, providing historical data for the period of 2019-2027 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of basis of laser type (continuous wave fiber laser, pulsed laser, and quasi continuous wave fiber laser), output power (low power (up to 100 watts), medium power (100W-2,000 W), and high power (more than 2,000 W)), application type (cutting, welding & other high power applications, marking, fine & micro processing, communications and advanced applications, and medical), across seven major regions (North America, Latin America, Europe, Asia Pacific, China, and Middle East and Africa)

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About the Industrial Automation Division of FMI

Future Market Insights facilitates corporate, government, investors, and associated audiences in the industrial automation sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

Produced Water Treatment Systems Market Is Expected To Grow At A CAGR Of ~6% During 2019-2029.

North America is projected to be the fastest growing market for produced water treatment systems, according to Future Market Insights’ (FMI) research report, “Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment 2014-2020.” According to the report, the North America produced water treatment systems revenue, valued at US$ 1,599.4 Mn in 2014, will reach a valuation of US$ 2553.4 Mn by 2020.

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On the basis of technology, FMI has segmented the produced water treatment system into primary, secondary, and tertiary.

Primary technologies involve basic methods to separate solids from water, such as upstream sand removal, whereas secondary treatment involves separating oil from produced water through gas floatation, degasser, and membrane separation. On the other hand, tertiary treatment technology makes use of a combination of both primary and secondary technology.

Onshore crude oil industry in North America represented 49.14 Bn barrels or 79.1% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels, or 70.6% in 2020. On the other hand, offshore natural gas segment is projected to reach a volume of 7.66 Bn barrels by 2020.

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Crude oil and natural gas market has a direct impact on the demand for produced water treatment systems. According to FMI’s analysis, natural gas production in North America is anticipated to expand at a CAGR of 1.1% during the period 2014-2020, whereas, growth of crude oil production is set to increase at a CAGR of 4.8% between 2014 and 2020.

The produced water treatment systems market in Europe is expected to reach a valuation of US$ 1,191.6 Mn by 2020. FMI estimates the market in Europe to expand at a CAGR of 4.6% during the forecast period. Demand for secondary treatment systems is anticipated to expand at a moderate rate during the forecast period, however, FMI expects it to remain the dominant segment through 2020. On the other hand, stringent regulation on part of the governments in Europe is expected to fuel the development of tertiary treatment technologies in the near future.

FMI estimates the oil and gas production in Europe to increase by 0.23 Bn barrels, however, adoption of renewable energy sources in Europe is anticipated to hamper growth of this market in the future.

Asia Pacific produced water treatment systems market, valued at US$ 960.7 Mn in 2014, is anticipated to increase at a CAGR of 4.8% during the forecast period and reach a valuation of US$ 1275.2 Mn. In terms of revenue, primary produced water systems technology is expected to be the largest contributor in Asia Pacific by the end of forecast period, owing to the growing number of new produced water treatment installations in the region. According to FMI, the growth of the market in Asia Pacific is expected to be driven by a large number of new installations.

The key stakeholders in the global produced water treatment system market can be broadly categorised into treatment systems, mobile systems and rental service, and commissioning and consulting services. Schlumberger, Cetco, and Miox, Ovivo, and Global Water Engineering are companies that have a presence in all of the above-mentioned three categories.

Produced Water Treatment Systems Market Key Segment

By Capacity (thsnd bl/day)

  • Less than 100
  • 100 to 500
  • Above 500

By Technology

  • Primary
  • Secondary
  • Tertiary

By Application

  • On Shore
  • Off Shore

By Region

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

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Browse Full “Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020” Report at https://www.futuremarketinsights.com/reports/details/produced-water-treatment-market

Gaskets And Seals Market Poised To Grow At 5.4% CAGR During 2016-2026

As per Future Market Insights’ forecast, the global gaskets and seals market is estimated to be valued at nearly US$ 63 Bn in the year 2017 and is expected to touch a figure of nearly US$ 102 Bn by the year 2026, representing a CAGR of 5.4% in terms of value during the forecast period. The global gaskets and seals market is projected to create an incremental dollar opportunity of nearly US$ 42 Bn between 2016 and 2026.

Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow.

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Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%.

The report, titled “Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” further projects that in 2017 and beyond, the demand for non-metallic gaskets & seals will be considerably higher than metallic materials. By the end of 2026, more than 60% of global revenues will be accounted by sales of non-metallic gaskets & seals. Non-metallic materials will remain in great demand due to their competitive advantage over metallic materials on the grounds on environmental imprint and cost-effective procurement.

The report has also compiled key factors affecting the growth of global gaskets & seals market during the forecast period, which follow:

  • Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals
  • The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe
  • Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products
  • Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals

The report expects that customisations made to existing gasket & seal products will hold lucrative opportunity for manufacturers in the years to come. Companies such as Freudenberg & Co. KG, Henniges Automotive Holdings Inc., SKF AB, Federal-Mogul Holdings Corporation, Smiths Group Inc. (John Crane), ElringKlinger AB, Trelleborg AB, Dana Incorporated, Banco Products (I) Ltd. and Parker Hannifin Corp. are observed as key manufacturers in global market for gaskets & seals.

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Gaskets and Seals Market Key Segments Covered

By Product Type

  • Gaskets
    • Jacketed Gaskets
    • Solid Gaskets
    • Spiral Wound Gaskets
    • Kammprofile Gaskets
  • Seals
    • Static Seals
    • Dynamic Seals

By Sales Channel

  • OEM
  • Aftermarket

By Material Type

  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others

By End Use Industry

  • Automotive
  • Aerospace
  • Machinery
  • Electronics & Electrical
  • Marine & Rail
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa
  • Japan

A comparative forecast on the global sales of gaskets and seals during the forecast period projects that global demand for seals will remain fairly higher than that of gaskets. By the end of 2026, solid and spiral wound gaskets will be observed as top-selling products in the market, procuring more than US$ 25 Bn in global revenues. On the other hand, a majority of global sales of seals will dominated by dynamic seals. Static seals are projected to procure just over 42% share on global seals revenues through 2026-end.

The report further reveals that automotive industry will be one of the largest end-user of gaskets & seals in the world. However, the imprint of automotive end-use on the global gaskets & seals market will witness a downtrend, while revenues accounted by machinery and electronics & electrical industries during the forecast period will register 5.5% and 5.6% CAGRs respectively.

Key findings in the report also predict that more by the end of 2026, more than three-fourth of gaskets & seals revenues will be accounted by OEM sales channels. The report also expects Asia-Pacific excluding Japan region to dominate global gaskets & seals revenues by registering a value CAGR of 6.8% and brining in over US$ 43 Bn revenues by 2026-end. Other regions are expected to showcase a sluggish growth in terms of gaskets & seals sales, exhibiting CAGRs below 5%.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Queries regarding these research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

 

Condition Monitoring System Market Will Push The Demand At 7.5% CAGR Between 2021 And 2031

Global condition monitoring system sales are set to be valued at US$ 3,293.9 Mn in 2021, with a steady long-term projection, according to latest insights by Future Market Insights.

The report estimates the market to expand at 7 to 8% CAGR from 2021 to 2031 Power generation segment, automotive segment, chemical, and petrochemical segments revenue totalled US$ 2,062.1 million for 2021, according to the annual market analysis conducted by Future Market Insights.

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Consistently rising demand from chemical and petrochemical and power generation industries will create prospects for growth of the market through the forecast period. The need for systems to remotely monitor machinery equipment amidst aging population of factory workers is also a major factor driving the market historical period 2016-2020.

Demand for condition monitoring system slightly decreased because of shutdowns of various manufacturing plants amid COVID-19 induced restrictions. Although the need to ensure efficient running of equipment to future proof, the operations has resulted in a lesser drop as compared to other product markets.

The benefit of gaining insights in real-time and unexplored data sources throughout the pandemic without being actually present in the plant has also contributed to higher sales.

Key Takeaways from Market Study
  • The global condition monitoring system market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -2.3%.
  • The market in the South Africa is projected to expand at a CAGR of around 5.3%, while that in the Mexico at close to 6.3%, through 2031.
  • The market in India and Germany are set to surge at greater than 8% CAGR over the next ten years.
  • Sales in the U.S. will continue increasing, accounting for over 80% of demand registered in North America.
  • Rising application across various industries will seal China’s dominance in East Asia.

“Aging and depreciation of machinery and continued OPEX based investments by various industries, primarily incurred on repair and maintenance of machineries are driving the condition monitoring market” says a Future Market Insights analyst.

Condition Monitoring System Market by Category

By Technique:

  • Corrosion Monitoring
  • Infrared Thermography
  • Motor Condition Monitoring
  • Oil Analysis
  • Ultrasound Testing
  • Vibration Analysis

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By Application:

  • Aerospace and Defense
  • Automotive and Transportation
  • Chemical and Petrochemical
  • Food & Beverage
  • Marine
  • Mining and Metal
  • Oil and Gas
  • Power Generation

  By Region:

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

Competitive Landscape

The market is understood to be highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are Schaeffler Technologies AG & Co., Kirloskar Brothers Ltd, Siemens AG, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Fluke Corporation, Parker Hannifin Corp, General Electric, AB SKF amongst many others.

Find More Valuable Insights

The research report analyses demand for condition monitoring system. The global condition monitoring system market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analysed based on product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analysing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

 

Pallet Pooling Market By Structural Design, Material & Region – Forecast 2019-2029

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

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Key Takeaways of Pallet Pooling Market Study

  1. Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
  2. In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
  3. Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
  4. In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location as well as detailed information related to stacked products on pallets.
  5. Pallet pooling is a one-time investment business, in which, the owner has to purchase pallets and then pooling can be done without any large investment. As a result, the market offers high profit margins to its participants.
  6. For the effective operational efficiency of pallets, pallet service providers perform quality checks after the end of every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

 “In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly or quarterly at fixed rental rates throughout the term of the agreement, and customizations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe.

  • Brambles Limited,
  • Euro Pool Group,
  • Faber Halbertsma, and
  • Loscam

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are considered to be leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

PALLET POOLING MARKET TAXONOMY

Structural Design

  • Blocks
  • Stringers
  • Customized

Material

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

End User

  • FMCG
  • Food & Beverages
  • Pharmaceuticals
  • Electronics
  • Chemicals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically-advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

The research report analyzes the total sales value of the pallet pooling market on the basis of revenue generated by market players from the target product. The market is forecasted on the basis of factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The scope of the research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

For additional information, write to the analyst at press@futuremarketinsights.com