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Wound care management is a billion-dollar market accounting for a massive proportion of the healthcare expenses worldwide. Inter- and intra-departmental collaborations between surgeons and their support staff, i.e. the nurses, plays a key role in better wound management. This also determines the usage pattern for traditional wound management products, order placement cycles and choosing preferred vendors. The application of customer analytics and critical vendor management strategies are factors that are likely to fuel the demand for traditional wound management products, according to the Future Market Insights report on the global traditional wound management market. According to this report, the global traditional wound management market is estimated to expand by 1.4x in terms of value over 2016–2026, to reach a value of US$ 1,792 Mn by the end of 2026.

The gauzes product type segment contributed the highest revenue share in the global traditional wound management market in 2016. The usage of cotton gauze traditional wound management products for medical dressings, bandages, production of wound adhesions and many others is facilitating the growth of this segment in global traditional wound management market. Its non-adherent nature makes it more popular over other traditional wound management products.

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Increase in outpatient wound care practices in ambulatory care centers is fuelling the usage of traditional wound management products. Moreover, traditional wound management products are witnessing demand from outpatient centers owing to low cost and easy availability as compared to advanced wound care products. Ambulatory care practices are also increasing due to the preference for minimally invasive or outpatient-based surgeries in the U.S and Europe. The development and incorporation of wound-care curriculum is boosting the usage of traditional wound management products among end users. Discussions with suppliers in the market revealed that the development and incorporation of wound-care curriculum in larger hospitals has improved product consumption/usage. This happens through continued education and rising awareness among caregivers regarding the proper usage of products, thus facilitating effective wound care consistent with the current “best practices.” These factors eventually help ensure best patient experiences as well as develop brand loyalty for traditional wound management products.

The improvement and streamlining of regulatory processes in developing countries is expected to boost the formalisation of practice standards, the development of better clinical treatment guidelines, the standardisation of product usage, and the strengthening of the registration & licensing period required for traditional wound management products. This is expected to help companies operating in the traditional wound management market ensure that their products comply with the quality, safety and hygiene norms designed by nodal regulatory bodies such the U.S. CDC, Australian TGA and U.K. NHS, among others.

Among all regions, North America dominated the global market for traditional wound management and is expected to continue to maintain its dominance. In spite of the availability of more convenient and advanced wound healing products, majority of healthcare professionals opt for the usage of traditional wound management products due to cost-effectiveness and the availability of clear reimbursement policies for these products in countries such as the U.S. The APEJ traditional wound management market is estimated to expand at the highest CAGR over 2016–2026. Decreasing prices of cotton as a raw material for traditional wound management products in countries such as India and China is contributing to the high growth of the APEJ traditional wound management market.

Although traditional wound management constitutes the largest revenue share for total wound management, it is low-margin in nature. Most of the raw materials such as cotton, are exported from developing markets to markets that have a strong manufacturing base and high sales of finished products. Trading of these raw materials in traditional wound management market takes place at subsistence levels as these markets are mostly unorganized in nature. Lack of attractive margins is discouraging retailers from the business of traditional wound management products, and their focus is gradually shifting to the business of advanced wound care management products.

The global traditional wound management market is highly fragmented with a large number of regional and local players operating in the global market. Reimbursement service providers are more focused on providing reliable and cost-effective wound management solution to patients. Payers offering coverage for wound care and wound management are adopting traditional wound management as well as advanced wound care products.

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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:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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The global excimer and femtosecond ophthalmic lasers market is expected to witness stable growth in 2016, reaching a value of US$ 666 Mn in terms of revenues. Excimer laser systems will continue to outsell femtosecond lasers. North America will remain the top market, whereas Asia Pacific (excluding China and Japan) is anticipated to create a lucrative market for excimer and femtosecond ophthalmic lasers globally.

Pronounced growth in geriatric population and significantly rising prevalence of diabetes will remain the key drivers fuelling the demand for excimer and femtosecond ophthalmic laser systems. Technological advancements in ophthalmic laser technology is anticipated to play a key role in catapulting their popularity and propelling their demand in market.

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

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

Based on product type, excimer laser systems will continue to dominate femtosecond lasers throughout 2016. The former is predicted to contribute over 60% to the total market share, whereas the latter will witness significant Y-O-Y growth in 2016. Despite considerable adoption due to persistent technological and functionality advancements, higher costs are expected to hold a negative impact on the femtosecond laser system sales.

On the basis of application, refractive surgery segment is predicted to account for the maximum revenue share of around 70%, in 2016. It will also witness the fastest growth, compared to other segments, including cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. Cataract surgery segment is projected to be the second largest application area, witnessing substantial demand for excimer and femtosecond laser systems.

By end-user, ophthalmology clinics segment accounted for the highest revenues of US$ 279 Mn in 2015. It is estimated to attract hefty revenues in 2016 as well, reaching US$ 291 Mn. Hospitals and ambulatory surgical centres will gain an uptick; whereas multi-chain ophthalmology hospitals are foreseen to gain prominence across the U.S., owing to soaring demand for refractive surgery.

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

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

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

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

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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:

Mr. Debashish Roy
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
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Clinical Mobility Market Overview

Technological advancements and innovations in the health care industry enables create lucrative opportunities for the companies which are plunged in clinical mobility market. The clinical mobility enhances information flow among the health care providers and patients. Most of the patients face problems retaining information. Clinicians can use mobile health devices to supplement the information as well as mobile application are designed to provide in- depth therapeutic and diseases specific information. The patients can easily search the disease related information. The clinical mobility offers a wide array of advantages, includes telemonitoring, vital signs of geriatric patients, and video conference with care givers and doctors. Software-as-a-Services (SaaS), Platform-as-a-Services (Paas) is gaining the popularity due to enormous advantages in clinical mobility. Smartphones are acts as a universal devices on which various application can be integrated. Visibility solutions enables doctors and nurses to provide the better services to the patients. The global clinical mobility market anticipated to exhibit a significant CAGR as well as annual growth rate over the forecast period.

Clinical Mobility Market: Drivers and restraints

Clinical mobility market can be impacted by following factors, change the trend towards technological advancements and innovations in the health care industry enables increase adoption rate of mobile devices, which proliferate the global clinical mobility market. Increase in the health care expenditure enable adopt advanced technologies such as clinical mobile services and Information technology related services i.e., electronic health records spur the new opportunities for the clinical mobility market. The governments are taking initiative steps to generate and adopt the advanced clinical mobility services have a tremendous impact on clinical mobility market.

However, dearth of skilled professional and cost are act as bottlenecks for global clinical mobility market.

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Clinical Mobility Market: Overview

Global clinical mobility market is gaining up surge across the globe due to increased awareness among people. The global clinical mobility market is witnessed to unlock the potential over the forecast period.

Clinical Mobility Market: Region-Wise Outlook

Global market is segmented into seven key regions, those are North America (N.A), Latin America (L.A), Eastern Europe (E.E), Western Europe (W.E), Asia-Pacific Excluding Japan (APEJ), Middle East and Africa (MEA), and Japan.

North America is maintaining its stewardship in clinical mobility market due to increased awareness as well as adoption of advanced technologies in health care sector. U.S, Canada has a significant contribution in the global clinical mobility market. Europe is expected to exhibit a robust growth, owing to increased adoption of advanced technologies.  Germany has a significant contribution in European region followed by U.K, Italy, and Belgium. Asia-Pacific region offers a robust market share in global clinical mobility market, owing to the drastic change in Asian countries demographics as well as economy industry in China, Japan, and India. The global clinical mobility market is anticipated to account for significant CAGR as well as lucrative opportunities for the companies over the forecast period.

Clinical Mobility Market: Key players

Some of the key players are Philips Healthcare, Cerner Corporation, Oracle Corporation, AT&T Inc., Cisco Systems, Inc., Zebra Technologies Corporation, Omron Corporation , and Airstrip Technologies, Inc. Microsoft, Inc. Apple, Inc. IBM Corporation, and Verizon Communications, Inc.

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The Research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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)
• Western Europe (Germany, Italy, U.K, Spain, France, Rest of Western Europe)
• Eastern Europe (Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa)

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.

For any queries linked with the report, ask an analyst >> https://www.futuremarketinsights.com/ask-question/rep-gb-1612

Clinical Mobility Market: Segmentation

Global Market can be segmented as following types

Based on Product type

• Products
• Mobile devices
• Mobile Applications
• Services
• Cloud Based Services
• Web Based Services

Based on application

• Patient care
• Work force management
• Operations

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

For critical insights, request for PDF Brochure https://www.futuremarketinsights.com/reports/brochure/rep-gb-1612

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:
Mr. Debashish Roy
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
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Intraosseous Devices Market Overview

Establishment of vascular access is required in case of medical emergency and life-threatening traumatic injuries for the delivery of medications and for fluid replacement, including crystalloids, blood, and blood products. The potential use of this technique called as, intraosseous infusion was established in 1920’s as a rapid, safe and effective method of vascular access through the bone marrow when intravenous attempt fails to establish vascular access. Historically intraosseous infusion (IO) was recommended only in children’s younger than six years whereas now use of IO techniques in patients of all ages is supported by guidelines for cardiopulmonary resuscitation.

Currently there are many intraosseous devices available in the market for the rapid administration of fluids and medications directly into the vascular systems. These devices are inserted directly into the medullary space of bone, and range from manually inserted spinal needles to the impact drivers and drill powered devices. The manually inserted needles have been approved in the U.S. since 1940’s. In addition site of insertion also plays an important role in defining the overall approach in instraosseous infusion. Various sites available for intraosseous insertion includes sternum, distal and proximal tibia, distal femur and calcaneum. The device is quickly inserted and correct placement of the device is confirmed by the flow of intravenous fluid into the device. If at all extravasation of the fluid around the insertion site occurs, the device is removed to prevent development of compartment syndrome. However aspiration of bone marrow represent another approach to confirm the correct placement of the device. One of the fastest and most reliable means of administrating the emergency fluids in the sternum is sternal intraosseous infusion (IO) allowing easy vascular access.

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Intraosseous Devices Market: Drivers & Restraints

Intraosseous infusion is primarily used in pre-hospital’s pediatric emergencies where intravenous delivery of fluids and medications is difficult. Increasing prevalence of various diseases forms and growing number of traumatic surgeries are expected to create demand for these devices in the forthcoming years. Additionally introduction of technologically advanced intraosseous devices in the market such as EZ-IO which allows rapid and more reliable emergency vascular access than the available manual techniques in the market. Continual training of medical and nursing staff and well defined protocols regarding proper handling of the device required for effective and safe care of patients undergoing intraosseous venous access is also leading to the rising adoption of these devices in hospitals.

One of the main complication while inserting the intraosseous device is extravasation of fluids and medications into soft tissues which can lead to compartment syndrome (a condition resulting from increased pressure within a confined body space). Other side effects associated with the use of these devices includes iatrogenic fractures, growth plate injury, infection (cellulitis) and osteomyelitis.

Intraosseous Devices Market: Overview

With rising number of traumatic events coupled with failure of intravenous vascular access is expected to fuel the demand for intraosseous devices in the near future. Intraosseous infusion is safe and effective technology in case of cardiopulmonary resuscitation where other route of administration fail to deliver the required effect. Other vascular access procedures such as peripheral venous access is a time consuming procedure thus making it not feasible for cardiopulmonary resuscitation. The intraosseous devices market is expected to grow at a healthy pace over the forecasted period.

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Intraosseous Devices Market: Region-wise Outlook

On the basis of region presence, intraosseous devices market is segmented into seven key regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia pacific excluding japan, Japan, Middle East and Africa. North America and Europe are the biggest markets for the intraosseous device market. Owing to rapid launch of various technologically advanced intraosseous devices by big manufacturers and increasing incidences of various cardiac disorders are some of the factors expected to pull the growth of these devices in the North American market. In addition macroeconomic factors such as FDA approvals are also expected to increase the adoption rate of such devices in the developed countries. Also big players such as, Pyng Medical Corp., are entering the Asia pacific market by expanding its distribution network which is expected to create market opportunity for the intraosseous device market in Asia Pacific region.

Intraosseous Devices Market: Key Players       

Some of the key market players in the intraosseous devices market are Pyng Medical Corp., PerSys Medical, Aero Healthcare, Vidacare Corporation, Carefusion Inc., Cook Medical Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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.

Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-1516

Intraosseous Devices Market: Segmentation

Intraosseous Devices marketis segmented on basis of technology, route of administration, end user and geography:

By Technology

• Manual
• Automatic
• Impact-Driven
• Powered Drill

By Route of Administration

• Sternum
• Distal and Proximal Tibia
• Distal Femur
• Calcaneus
• Head of Humerus

By End User

• Hospitals
• Ambulatory Surgical Centers
• Cardiology Clinics

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

For critical insights, request for PDF Brochure https://www.futuremarketinsights.com/reports/brochure/rep-gb-1516

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:
Mr. Debashish Roy
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
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Child Safety Seats Market Overview

Child safety seats ensure the safety of babies while they are travelling in a car, and are to be compulsorily installed in a number of developed countries. There are different types of child safety seats available in the market depending upon the age and weight of the babies. There are stringent laws in most of the developed countries like United States, Canada and United Kingdom amongst many others regarding child safety seats. While this concept of installing child safety seats to transport babies in cars is deeply established in the developed countries, it has still to take root in developing countries. However, developing countries like China are now taking the lead in this regard and some provinces in China have made it compulsory to install child safety seats in cars and a national law may be following soon. As stated above, there are different types of child safety seats such as rear facing child safety seats, forward facing child safety seats and booster seats, depending on the age and weight of the children.

Child Safety Seats Market: Drivers

As per the data released by China’s Ministry of Communications, nearly 20,000 children under the age of 14 die each year due to road accidents in China. This scourge is not limited to only developing countries, but also in developed countries. In United States, car accidents are the number one cause of unintentional deaths in children under 16 years of age. Also, as per the World Health Organization, proper child restraints in cars reduced the incidences of a fatal accident by nearly 70% in infants and 54% to 80% in young children. The stringent laws in the developed countries for the child safety seats, growing road safety awareness among people and an introduction of child safety seats in huge markets like China are the key drivers of child safety seats market globally. Also, growing urbanization and an increase in the use of cars are other key market drivers in the child safety seats market.

Child Safety Seats Market: Restraints

The lack in information about how to use child safety seats, misconceptions about the child safety seats and a high price of seats in developing markets like China are the key market restraints in the child safety seats market. Besides, a lack of laws that make it compulsory to use child safety seats in countries with huge population like China and India is another restraint in the child safety seats market. A declining birth rate in the developed countries may also be a restraint in this market.

Child Safety Seats Market: Key Regions

North America is one of the key lucrative market in the child safety seats market. Stringent laws regarding child safety seats in countries like the United States and Canada along with a high rate of urbanization make them a rewarding market for child safety seats. After North America, Europe is also an important and a huge market for child safety seats. However, it is in the Asia-Pacific region, especially in countries like China where a huge growth will take place in the child safety seats market. Increased awareness about safety and a proper legislative support will make China one of the most lucrative markets for child safety seats.

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Child Safety Seats Market: Key Market Players

Recaro, Britax, Newell Rubbermaid, Chicco, Babylove, and Kiwi Baby are some of the key market players in the child safety seats market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

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)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

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.

For any queries linked with the report, ask an analyst >> https://www.futuremarketinsights.com/ask-question/rep-gb-2173

Child Safety Seats Market

Report Highlights:

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

Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-2173

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:
Mr. Debashish Roy
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
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

The electrical steel market is expected to register year-on-year growth at 5.3% in 2021, with the overall valuation forecast to reach US$ 37.5 Bn. A Future Market Insights (FMI) analysis estimates electrical steel sales to increase at 6.5% CAGR between 2021 and 2031. According to the study, the overall electrical steel market is expected to reach US$ 70.5 Bn by 2031.

While   non-grain oriented electrical steel is expected to remain dominant, grain oriented electrical steel demand will surge at a higher pace, exhibiting growth at 5.7% CAGR in 2021.

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Despite the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, the growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement of mass production has resulted in the increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

There is also an increasing demand from the energy and automotive industries for the deployment of electrical steel in various applications. An increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

Grain-oriented electrical steel is projected to hold over 51% percent of the global market share in 2021, supported by superior structural characteristics. The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects. The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021. The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years. Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

“The electrical steel market is growing at a strong pace driven largely by increasing demand from the energy industry for applications in motors, transformers, and components. The increasing investment in power generation and transmission projects will create extensive opportunities for electrical steel manufacturers. Key industry participants are investing in expansions, strategic alliances, partnerships, and material innovations to gain a competitive advantage in the evolving global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a Future Market Insights analyst.

Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares.

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Some of the key players in this industry include but are not limited to

Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

Electrical Steel Market by Category

By Product Type:

• Grain-Oriented Electrical Steel
• Non-Grain Oriented Electrical Steel
  • Fully-Processed
  • Semi-Processed

By Application:

• Inductors
• Motors
  • 1hp – 100hp
  • 101hp – 200hp
  • 201hp – 500hp
  • 501hp – 1000hp
  • Above 1000hp
• Transformers
  • Transmission
  • Portable
  • Distribution

By End Use:

• Automobile
• Manufacturing
• Energy
• Household Appliance
• Others (Construction, Fabrication)

By Region:

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

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The research report analyzes the demand for electrical steel. The global electrical steel market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on product type, application, end-use, 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 factors

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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