Market Research Blog – Page 13634 – New Product Development

Pressure Reducing Valve Market is predicted to expand at a steady CAGR of 4.5% by the end of 2028 : FMI

FMI reveals that the global pressure reducing valve market enjoys a valuation of US$ 1,998.1 Mn in 2022, and is predicted to expand at a steady CAGR of 4.5% and reach a net worth of US$ 2,588 Mn by the end of 2028.

According to the analysis, the demand for pressure reducing valves is expected to keep increasing over the years. Growing investments in the oil & gas and chemical industries are expected to be the key factors assisting the growth of the global pressure reducing valve market.

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The global market for pressure reducing valves is estimated to be valued at US$ 1,701.6 Mn by the end of 2022 and is expected to witness a Y-o-Y growth rate of 4.3% over the forecast period. China is estimated to account for a significant value share in the global pressure reducing valve market by 2022 end and is expected to remain dominant throughout the forecast period in the pressure reducing valve market.

The pressure reducing valve market has been experiencing significant growth for years now, particularly in Middle East & Africa, India and China. The growing demand for oil & gas, chemicals and power across GCC Countries and India is contributing to the substantial demand for pressure reducing valves in these regions.

However, the global pressure reducing valve market is expected to face certain challenges. Manufacturers have to follow certain regulations pertaining to pressure reducing valves, which include ASME and JIS.

Prominent manufacturers are involved in introducing pressure reducing valves while adhering to the international regulations and certification in order to enhance their presence in the market. This is expected to be one of the key trends identified in the global pressure reducing valve market.

Segmentation Analysis

Based on product type, the direct acting segment is expected to dominate the pressure reducing valve market over the forecast period
Based on material, the ductile iron segment is expected to register the highest growth, in terms of volume as well as value, in the global pressure reducing valve market over the forecast period
Based on operating pressure, the 50-200 Psig segment is expected to account for more than 2/5^th of the overall incremental opportunity created in the global pressure reducing valve market during the forecast period
Based on application, gas and liquid segments, together, are expected to create an incremental opportunity1.7X that of the steam segment’s in the global pressure reducing valve market
Based on end-use industry, the chemical segment is pegged to remain dominant in the global pressure reducing valve market throughout the forecast years

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Regional Analysis

Western Europe and China together are estimated to have collectively accounted for more than 2/5^th of the overall share in the global pressure reducing valve market by the end of 2017. The Middle East & Africa region is a key production base for the oil & gas industry and thus the region is expected to create significant growth opportunities in the global pressure reducing valve market.

Vendor Insights

The report highlights some of the top companies operating in the global pressure reducing valve market such as Watts Water Technologies, Inc., Spirax Sarco Engineering plc, TLV, Itap Spa, Caleffi S.p.a., HAWE Hydraulik SE, Yoshitake Inc., Genebre, HYDAC, Forbes Marshall, CIRCOR International, Inc., Armstrong International Inc. and Fushiman Co., Ltd.

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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

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

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Continuous Renal Replacement Therapy Market reflecting a CAGR of 8.8%, reaching a valuation of US$ 333 Million through 2027.

[198 Pages Report] Acute kidney injury (AKI) is a common type of kidney disorder with high morbidity and mortality worldwide. Patients from low-resource regions are more prone to acute kidney injuries. The incidence of acute kidney injuries varies greatly in Asia due to significant variation in climate, geographical attributes, ethnic groups and socioeconomic status. The global continuous renal replacement therapy market was valued at US$ 1 Billion in terms of value in 2021, according to a latest research by Future Market Insights (FMI). The report on continuous renal replacement therapy further projects significant growth potential with average year-on-year growth rate of 7.7% through 2027.

Continuous renal replacement therapy is conducted for blood purification in patients suffering from acute kidney injury who unable to withstand rapid fluid and electrolyte exchange of conventional hemodialysis. Continuous renal replacement therapy involves the removal of blood from the arterial lumen catheter through the peristaltic movement and pushing it through a hemofilter before getting pumped into a patient via a venous lumen of catheter. Rising incidence of acute kidney injuries, multiple organ failure and other renal injuries had increased the demand for dialysis sessions.

continuous-renal-replacement-therapy-market

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Numerous advantages of continuous renal replacement therapy over the conventional dialysis procedure is a primary factor driving the adoption of continuous renal replacement therapy. Conventional dialysis systems are operated manually and all associated tasks are solely controlled by the user or caregiver. However, technological advancements in currently available continuous renal replacement systems allows the automatic management of disease parameters. Hence, most of the problems are being directly handled by automated digital machines, which is not possible in case of conventional systems, thus reducing the labour cost.

To expand their commercial footprint across the globe, several manufacturers of continuous renal replacement therapy are focusing on introducing new technologies and upgrading their existing products along with simultaneous focus on strategic alliances for the sale and promotion of their products. For instance, in 2015, Fresenius Medical Care AG & Co. KGaA launched multi Filtrate PRO, a therapy system for continuous renal replacement therapy for the treatment of acute kidney failure in critically ill patients at intensive care units. Innovations in extracorporeal technologies will play a critical role in the long-term sustainability of continuous renal replacement therapy devices. The advent of continuous renal replacement therapy devices will eventually attract a new patient base. For instance, in September 2017, Baxter International Inc. launched 3-In-1 oXiris Set for sepsis management protocols & continuous renal replacement therapy, which was previously indicated only for continuous renal replacement therapy. The commercialisation of such multimodal devices is expected to enhance the ROI for hospitals. The introduction of novel autonomous CRRT devices will marginally reduce physician intervention and the cost of treatments in intensive care units. The intuitive platform with touch screen and step-by-step automated instructions promotes ease of use during procedures.

Companies are investing in future growth by expanding their healthcare services businesses through acquisitions as well as the purchase of expertise and relevant technologies in the area of research and development. In 2016, Fresenius Medical Care spent US$1.3 Bn on capital expenditures, acquisitions and the purchase of intangible assets minus income from divestments. The majority of capital expenditures were used for equipping existing & new clinics, preserving & expanding production capacity, primarily in North America, Germany, Asia Pacific and France, as well as for dialysis machines made available to customers and for care coordination.

FMI segmented the global continuous renal replacement therapy market into product type, end user & regions. In terms of revenue, the consumables segment is expected to hold a substantial market share over the forecast period. The segment is expected to exhibit a significant CAGR of 8.5% over the forecast period.

FMI’s report covers some of the key companies operating in the continuous renal replacement therapy market, which include Fresenius Medical Care AG & Co. KGaA; Baxter International Inc.; B. Braun Melsungen AG; Medica SpA, Nikkiso Co., Ltd.; Nipro corp.; Toray Medical Co., Ltd.; NxStage Medical, Inc.; Asahi Kasei Corp. and Medtronic plc.

SegmentationThe report offers a comprehensive taxonomy of the continuous renal replacement therapy market based on product type, end user and region. Continuous renal replacement therapy is sold in two types: systems and consumables. The consumables segment covers various types of hemofilter sets, solutions and other accessories.

Increased healthcare spending across emerging economies is expected to encourage the establishment of new multi-specialties in dialysis centres and hospitals, which is, in turn, expected to promote the demand for CRRT. The continuous renal replacement therapy market has been analysed across various regions, which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and MEA.

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Promising Prospects in Machine Control System Market; Value to Grow to US$ 13.6 Bn by 2032 : FMI

The global machine control system market growth is expected to register a healthy CAGR of 8% during the assessment period with an estimated valuation of 13.6 Bn by 2032.

“The removal of bulky construction waste in effective time with cost efficiency, as well as projected demand from the rising construction sector for other operations, is driving the growth of the machine control system market.”

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In 2021, the demand for machine control systems was valued at US$ 4 billion, and it is predicted to increase at an annual pace of 8% over the forecast period. As per machine control system market analysis, the growing demand for precision in heavy machinery control and navigation is projected to fuel market expansion.

Machine control systems reduce field and machine downtime while allowing for more efficient resource utilization. Failure of heavy gear at a building site can create delays in operations and result in significant financial losses.

Machine control specialists ensure that construction equipment is precisely monitored and controlled, resulting in optimized performance and quicker quality assurance on the job site. As a result, investing in machine control systems promises to save time, eliminate budget overruns, and lower machine maintenance costs, which are expected to impact the machine control system market future trends.

Excavators, dozers, and graders are costly machines, and incorporating machine-guided technology into them raises installation and integration expenses. In addition, the machine control market trends indicate that building and mining companies need a lot of money to buy or rent equipment integrated with machine control technology.

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While recent developments in machine control systems provide improved precision, aid in faster project completion, and have reduced maintenance costs, the costly initial outlay is a barrier to market expansion.

There is a growing market for machine-guided technology in the Asia Pacific. In the construction sector, cost-effective and time-efficient techniques must provide a secure, elevated, durable, and friendly constructed environment. As a result, machine control systems play a critical role in ensuring efficiency and reliability on building sites in emerging regions.

The machine control system market size is expected to reach the valuation of US$ 6.3 Bn in 2026, growing at a modest CAGR of 8%.

Key Takeaways Over the projected period, the Asia Pacific area is expected to grow the most, with China and India leading the way. Governments in these countries have embarked on initiatives to replace aging infrastructures such as roads, bridges, sewage systems, and tunnels by effectively using the intelligent machine control system market. Because of the ever-increasing population and high need for food, the agriculture segment is predicted to grow at a stable CAGR of around 10%.

The demand for quick production and enhanced crop quality drives digital control system growth. Segmented as per equipment, excavators fully utilize the machine control system market opportunities due to their accuracy productivity than other equipment in construction and excavating operations. As per the machine control market report, the construction segment is leading the growth-share due to rising modernization and other infrastructural initiatives conducted by emerging regions. The GNSS product segment dominates the market. The high use of GNSS on scrapers, dozers, graders, excavators, and aerial devices is responsible for this high share.

The emerging trends in the machine control system market state that the second-largest segment, total stations, is predicted to grow at a steady rate. These systems’ ease of deployment and enormous product modification scope is credited with this expansion.For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14270

“Lockdowns were imposed around the world, halting many existing and prospective projects, affecting consumption for machine control systems and other construction materials. Owing to the lifting of lockdowns and vaccination rollouts, this sector has acquired traction again and is likely to rebound quickly. As a result, the machine control system market trends and forecast are now shifting again, with the demand for machine control systems is predicted to increase consistently over the forecast period.”, opines an FMI analyst.

Competitive LandscapeTo enhance their offers in the market, machine control unit companies have used various organic and inorganic growth tactics, such as news releases, product developments, alliances, and collaborations.

Topcon and Hitachi (HCMUK) collaborated in March 2020 to provide an ‘inventive’ and ‘sophisticated’ machine control for a more effective workflow. HCMUK used the Topcon X53-x automated machine control software on its excavators as part of the deal. Volvo Construction Equipment has expanded its machine control system market demand analysis to encompass a wider variety of wheeled loaders and introduce productivity and serviceability improvements.

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

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Single Dose Radiotherapy Services Market is impressive rate of 6.1% CAGR over the forecast period 2030.

Key Takeaways from Single-Dose Radiotherapy Services Market Study

Despite restricted growth amid COVID-19, the demand for single dose radiotherapy is expected to rise at nearly 5% in 2021
As a result of increasing incidence of breast cancer, the U.S. will account for over 90% sales in North America
Increasing focus on early diagnosis will enable the U.K. register 2.4% Y-o-Y growth in 2021
Germany and France are expected to exhibit increasing demand to tackle concerns pertaining to rising incidence of cancer
Increasing focus on research and development will drive growth in Japan and South Korea

“Rising prevalence along with increasing awareness regarding breast and prostate cancer and the importance of early diagnosis, besides favorable reimbursement will offer lucrative growth opportunities for service providers in the long term,” says the FMI Analyst

[244 Pages Report] In single-dose radiotherapy, a single dose of radiation is delivered directly to the tumor in a few minutes and is said to be a safe and effective method for treating men having low-risk prostate cancer. According to Future Market Insights (FMI), the demand for single-dose therapy is expected to rise considerably, enabling the market to surpass US$ 1.1 Bn by 2021. In the coming years the rising cases of breast cancer will support the expansion of the market.

Single-dose radiotherapy substitutes the requirement for extra hospital visits, with benefits for patient safety and well-being. Single-dose radiotherapy is delivered during or soon after surgery for breast cancer and is considered a viable alternative to conventional external beam radiotherapy.

Increasing technological advancements in radiotherapy procedure for the treatment of breast cancer and prostate cancer have led to the surging adoption of single-dose radiotherapies in clinical practice associated with improved outcomes. Single-dose radiotherapy is recognized as an extremely cost-effective treatment compared with other cancer treatments.

Increasing investments in the market, increasing number of research and development projects, and favorable regulatory policies are some factors enabling growth in the single dose radiotherapy services market. For example various government organizations such as American Cancer Society is investing in research and development programs for development of single dose radiotherapy. Recently the American cancer society have funded almost 162 research programs with around $67 million to encourage breast cancer research activities.

The COVID-19 pandemic has changed the national healthcare significances and expenditure however this is considered to be a short-term impact on the single-dose radiotherapy services market. The single-dose radiotherapy services market is expected to experience short-term negative growth owing to a sharp reduction in the number of single-dose radiotherapy services adoption rate in developed and emerging countries.

As a result of the continuing spread of COVID-19, various service providers are focusing on a novel approach to the treat pneumonia associated with COVID-19 using a single low dose of external beam radiation therapy which is known as Single Dose Radiation Therapy (SDRT). Previously various studies are reported regarding use of single small fraction of radiation to treat viral and bacterial pneumonia. Thus, scientists are believing that one small dose of radiotherapy can be effective for covid-19 treatment. This is providing an opportunity for single dose radiotherapy market to grow.

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Increase in Funding For Research Activities Offers Growth OpportunitiesLeading service providers in the single dose radiotherapy services market are strengthening their market position through collaboration with various government organization. Governments in various developed and developing countries are actively taking initiatives to encourage various research activities for the development of single-dose radiotherapy. For instance, In Brazil, government is taking initiative to create awareness regarding cancer treatment and research programs.

Pink October campaigns are arranged in Brazil by government, whose aim is to share facts about breast cancer, promoting awareness, providing countless access to diagnostic and therapeutic services, and funding to reduced mortality. One more example is the Blue November campaign, which works analogously to Pink October, however emphasize on prostate cancer.

Who is Winning?The global market is set to expand in the forecast period, due to the rising prevalence of breast cancer and prostate cancer globally and the adoption of single-dose radiotherapy. Leading organizations within the market are set to focus on research and development to offer early and precise diagnosis of the ailment, besides offering effective patient care.

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Want more insights?Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global single-dose radiotherapy services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the single-dose radiotherapy services market on basis of the main indication in detail, cover every aspect of the market such as (breast cancer and prostate cancer), therapy (External Beam Radiotherapy and Internal Beam Radiotherapy), and service provider (Hospitals, Radiotherapy Centers and Specialized cancer institute) across seven major regions.

Single Dose Radiotherapy Services Market by CategoryIndication

Breast Cancer
Prostate Cancer

Therapy

External Beam Radiotherapy
Internal Beam Radiotherapy

Service Provider

Hospitals
Radiotherapy Centers
Specialized Cancer Institutes

Region

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

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Dialysis Equipment Market Analysis by Product: Hemodialysis Devices, Peritoneal Dialysis Devices, Continuous Renal Replacement Therapy (CTT) & Consumables ,2022-2028

According to a recent research study published by Future Market Insights, the global dialysis equipment market is projected to register a CAGR of 4.8% and will likely reach a valuation of US$ 23.6 Bn by 2028 end. The medical sector meanwhile continues to introduce newer dialysis equipment in the global market to address the varied needs of patients.

Patients with end-stage renal disease (ESRD) currently have two treatment options – kidney transplant and dialysis. The limited number of kidney donors worldwide and the various medical complications that arise from dialysis have pushed the medical fraternity to look for suitable alternatives to treat ESRD. Implantable bio artificial kidneys are the latest innovation in healthcare science that provide the health benefits of kidney transplantation and potentially wipe out the need for dialysis. Powered by silicon nanotechnology, artificial kidneys seek to eliminate the torture faced by dialysis patients and may prove to be a boon to patients with acute renal failure.

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In a new development, the Kidney Research Institute of the University of Washington is currently developing a wearable artificial kidney that is expected to go into clinical trials in 2022. This could be a game changer in the medical devices sector, and may reduce the dependency on dialysis equipment to a great extent.

Dialysis Continues to Remain Dominant Therapy to Treat ESRD

While developments in the global healthcare sector continue to focus on innovative products and therapies, dialysis is currently the most administered treatment option for ESRD. Dialysis equipment is in great demand in hospitals, clinics, and dialysis centres across the world, boosting demand in the global market. According to a recent research study published by Future Market Insights, the global dialysis equipment market is projected to register a CAGR of 4.8% and will likely reach a valuation of US$ 23.6 Bn by 2028 end. The medical sector meanwhile continues to introduce newer dialysis equipment in the global market to address the varied needs of patients.

Portable Home Dialysis Equipment Trending the Global Market

Home dialysis has remained a preferred option for patients with renal disease as it is more convenient and less expensive than hospital based dialysis. Leading medical devices manufacturer Quanta has recently launched advanced haemodialysis equipment with an objective to improve the lives of patients requiring dialysis on a regular basis. This is an extremely flexible dialysis treatment that patients can take in the comfort of their homes. Quanta’s home dialysis equipment is portable, lightweight, and very easy to use. This dialysis equipment also incorporates advanced technology such as high-res screens with touchscreen functionalities and helps enhance patient outcomes.

Manufacturers of dialysis equipment are developing fully automatic, portable, and advanced dialysis equipment to treat patients of all ages suffering from ESRD. A notable technological advancement includes the introduction of high-efficiency and high-flux membranes, enabled by technical advances in membrane technology and polymer chemistry. Unlike traditional renal replacement machines, automated dialysis equipment facilitates the management of disease parameters digitally, thereby ensuring more accuracy and reducing costs of labour.

Wearable Dialysis Equipment to Ease Patient Discomfort; Expected to Rule the Global Market

With technology having proliferated every aspect of human lives, the innovation of wearable dialysis equipment is a blessing for countless dialysis patients, who can now break the shackles of confinement to fixed dialysis equipment and enjoy increased mobility. Wearable dialysis equipment is a miniature artificial HD machine based on dialysate regenerating sorbent technology. Designed for use as a belt, patients can wear this dialysis equipment for slow, gentle dialysis. This dialysis equipment is touted to best mimic the natural kidney function of blood cleansing. Given the continuous advancements taking place in medical device technology, wearable dialysis equipment may soon emerge in a more compact and small form factor to provide increased convenience and usability to patients.

Miniature artificial kidneys could redefine the entire ecosystem of dialysis treatment. The integration of portable home haemodialysis equipment facilitating elongated use in homes and offices with wearable artificial kidneys for peritoneal dialysis allowing uninterrupted blood cleansing throughout the day will ensure more patient comfort and guarantee better and enhanced performance of the dialysis equipment.

The dialysis equipment market is expected to witness significant innovations in the coming years. Whether an upgrade to existing dialysis equipment or a viable alternative to dialysis itself, new-age dialysis equipment will promise increased mobility, less trauma, more peace of mind, and reduction in the burden of healthcare costs.

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About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare 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

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Quenching Oil Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2022-2028

Quenching is a process of rapidly cooling a material from high temperature. A quenching oil’s purpose is to control heat transfer during the metal or steel manufacturing process. The notable properties of quenching oil include non-toxic, non-corrosive, better thermal conductivity, low volatility, better oxidation stability, and elevated flash point, among others. Quenching oil contains numerous additives such as anti-oxidants, rust inhibitors, wetting agents and other accelerators. The performance and life cycle of quenching oil depends upon its thermal stability and the content of additives. Quenching oil can be classified into several categories depending on their functional characteristics, i.e., quenching rate and operating pressure. The petroleum-based quenching oil requires relatively higher speed and operating temperature.

Quenching oil is applied on steel/metallic parts, ferrous alloys, and used in in several other operations. Moreover, quenching oil finds application in the several end-use sectors including automotive and other mining operations.

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Global Quenching Oil market: Dynamics

Quenching oil finds numerous applications in almost all the manufacturing sectors such as mining, automotive, and processing plants, among others, which is major driving factor for the growth of the global quenching oil market. There has been significant demand for steel in various end-use sectors, which is expected to drive the demand and growth of the global quenching oil market over the forecast period. The growing number of mining processing, food processing, automotive and other processing plants is the key factor expected to drive the global quenching oil market over the forecast period.

Further, rising demand for high-speed quenching oil to optimize the heat resistance to adhere the surface of working piece in order to reduce the sludge is expected to drive the growth of the quenching oil market during the forecast period. Also, growing efforts for developing more reliable bearings is also intensifying the competition among the players operating in the global quenching oil market. However, one of the major issues associated with quenching oil is high maintenance cost, which is expected to hamper the growth of the global quenching oil market over the forecast period. The variation in cost of quenching oil or fluctuation in prices of quenching oil are the factors that negatively expected to impact the growth of the global quenching oil market over the forecast period.

Global Quenching Oil market: Regional Outlook

The global quenching oil market is segmented into seven key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific, Eastern Europe, Western Europe and Japan. The market majorly depends on industrial processing, which is relatively high in developed markets, i.e., North America and Europe. Moreover, China, Japan and India are expected to achieve new significant growth in the Asian market, where China is expected to be the most dominant country in the region over the forecast period. The Gulf Cooperation Council countries in the Middle East are developing a unified regulatory system in many sectors, including mining. This, in turn, is expected to drive the quenching oil market in the Middle East & Africa over the forecast period.

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Global Quenching Oil Market: Key Players

Examples of some of the key players identified across the value chain of the global quenching oil market are:

Euclid Heat Treating Company
CONDAT
OilPure Technologies
Rocky Valley Oil
S. Dodge Oil
Dow Chemical
Paras Lubricants Limited
Tashoil Company Pvt. Ltd.
ThermTech
VAC Aero

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, application, and industry.

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 Countries, S. Africa, Northern 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.

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Global Quenching Oil Market: Segmentation

The global quenching oil market can be segmented on the basis of quenching rate, product type and regions.

On the basis of quenching rate, Global Quenching Oil market can be segmented as mentioned below:

Normal Speed (13 to 20 Second)
Medium Speed (10- to 12 Second)
High Speed (7 to 9 Second)

On the basis of product type, Global Quenching Oil market can be segmented as mentioned below:

High Temperature Quenching oils
Polymer or water miscible quenching oils
Water washable quenching oils
Quenching emulation

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Ocular Drug Delivery System Market to rise at 6.8 % CAGR between 2021 and 2031.

Key Takeaways from Ocular Drug Delivery System Market Study

Increasing focus on pharmaceutical innovation and research on drug delivery technologies is driving a transition towards particulate drug delivery systems, which will account for over 68% of the market in 2021.
Ophthalmic solution for ocular drug delivery system is expected to account for 60% the global market share by 2031.
Among distribution channels, hospital pharmacies accounted for 40% of the market share in 2031. Soaring influx of patients for treatment and availability of intensive care support have propelled the demand in the sehment.
North America holds the maximum share, owing to the presence of Tier1 players, high per-capita healthcare expenditure, and favorable reimbursement policies in the region.
The U.S. holds a more than 44% share in the global ocular drug delivery systems market.
The U.K. and Germany are leading markets in Europe, accounting for more than 41% of the Europe market in 2021.
South Korea is the fastest growing market in East Asia, exhibiting 10.3% CAGR through 2031.

“Increasing prevalence of eye infections, innovation in drug delivery technologies, and rising clinical trials are creating lucrative growth opportunities for ocular drug delivery system sales,” says the Future Market Insight analyst.

[250 Pages Report] According to Future Market Insights (FMI), the demand for ocular drug delivery system is expected to rise considerably, enabling the market to surpass US$ 14,471.2 Mn in valuation by the end of 2021. The market is forecast to exhibit 6.8% CAGR between 2021 and 2031.

Ocular drug delivery systems are designed for dispensing drug, biologic, biopharmaceutical, and botanical therapeutics for treating macular degeneration, glaucoma, presbyopia, allergy, anti-viral, dry eye, anti-infective and anti-inflammatory indications.

To overcome the ocular drug delivery barriers and improve ocular bioavailability, various conventional and novel drug delivery systems have been developed such as ointments, emulsion, suspensions, aqueous gels, Nano micelles, liposomes, , and in situ thermosensitive gels for the earlier mention ocular diseases.

Glaucoma is the second-leading cause of blindness worldwide, accounting for up to 8% of total blindness. In India, glaucoma is the leading cause of irreversible blindness with at least 12 million people affected and nearly 1.2 million people blind from the disease. More than 90 percent of glaucoma cases remain undiagnosed in the community.

Thus the high incidence of ophthalmic diseases, resulting in the rise significant patient population, is driving the global ocular drug delivery systems market.

Ocular drug has to pass the water-fat-water membranous structure of cornea and this changing environment presents a significant barrier. That is why, for almost four decades, researchers have been involved in developing intraocular sustained-release drug delivery platforms.

Owing to the rigorous research studies, approvals for new ocular drug delivery techniques are currently recorded globally. This has helped the market to gain momentum over the last few years.

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Increase in Funding for Research Activities Offers Growth OpportunitiesLeading manufacturers in the ocular drug delivery system market are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research pharmaceutical products.

For instance, In April, 2017, Santen Pharmaceuticals announced a strategic investment in Regenerative Patch Technologies LLC, a U.S. based company engaged in development of ophthalmic therapies.

Pharmaceutical giants are expected to benefit from the globalization of labor forces, that is, employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

Who is Winning?The global market is set to expand due to the rising prevalence of eye infections. Leading players within this space are expected to focus on research and development to offer an early and precise diagnosis of ailment, besides offering effective patient care.

Some of the leading players in the ocular drug delivery system market include but are not limited to Allergan Plc., Graybug Vision Inc., Ocular Therapeutix, Inc., Alimera Sciences, pSivida, Santen Pharmaceutical Co., Ltd, Taiwan Liposome Company Ltd., Envisia Therapeutics, Eyegate Pharma, Valeant Pharmaceuticals International, Inc, Vision Ophthalmology Group GmbH, Clearside Biomedical, URSAPHARM Arzneimittel GmbH.

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Want More Insights?Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global ocular drug delivery systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the ocular drug delivery systems treatment on basis of the key indication in detail, cover every aspect of the market such as technology, dosage form, distribution channel across seven major regions.

Ocular Drug Delivery Systems Market by Category

Technology

Implantable Ocular Drug Delivery Systems
Particulate Drug Delivery Systems
Nano-Particle Drug Delivery System

Dosage Form

Ophthalmic Solution
Ophthalmic Suspension
Ophthalmic Emulsion
Ophthalmic Gels
Ophthalmic Ointments

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Drug Store
Mail Order Pharmacies

Region

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

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Power Tools Market had registered growth of 3.7% between 2016 and 2020 in comparison to 5.1% CAGR predicted between 2021 and 2031: FMI

The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace, and other industries also will create demand for handheld and pneumatic power tools.

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The report also predicts power tools sales to constitute nearly 7% to 8% of the global tooling industry.

Estimated Power Tools Market Size (2021E)	US$ 33.36 Bn
Projected Power Tools Market Size (2031F)	US$ 51.2 Bn
Value CAGR (2021-2031)	5.1%

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

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Key Takeaways of Global Power tool Market Study

Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

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Lubricants for Cement Industry Market Size, Growth Analysis Report, Forecast to 2022-2028

Cement and concrete manufacturing involves numerous operations that involves operations and related process in harsh physical conditions such as heavy loads, extreme temperatures, exposure to various elements and in the constant pressure of contaminants such as cement dust. In order to achieve a seamless operation and saving abrasion of machine components cement manufacturers uses wide range of integrated equipment such as crushers, ball mills, bucket elevators, kilns, vertical mills to name a few. Throughout the supply chain of cement manufacturing from quarry, crusher to final dispatching unit these equipment are used. Cement manufacturing plant generally works round a clock and had a shutdown with a frequency of once a year.

With round o’clock functioning these equipment are vulnerable and subjected to wear and tear which further increases downtime and maintenance cost. Also, the extreme condition such as high temperature and loads makes the maintenance & repair of machines a very difficult task. In order to reduce the maintenance cost & downtime various manufacturers used lubricants often referred as lubricants for cement industry that enables proper functioning of the equipment. Commercially there are numerous kind of lubricants for cement industry are available. Manufacturers develops the wide range of lubricants for cement industry having different grades tailor-made according to the need of various operations. These lubricants for cement industry are available in different viscosities and made up from additives and base oil.The right lubricants for cement industry has to be selected in order to maintain the throughput of the cement operating plant at optimum level.

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Lubricants for Cement Industry Market: Drivers and Restraints

The demand for the lubricants for cement industry has continuously pursued by the cement plant operators as a part of maintenance activity of the machine components. Construction industry is continuously booming across the globe which creates demand for high quality construction materials and on-site production of blended cement and mortar which in turn is expected to fuel up the demand for lubricants for cement industry.

Construction industry is anticipated to witness acceleration in large public infrastructural programs, which is expected to create public-private partnership opportunities & boosts the demand for lubricants for cement industry. In the coming years,it is estimated that the construction and associated materials markets in emerging countries are expected to create opportunities for numerous foreign players involved in universe of lubricants for cement industry to penetrate into the regional market. This could present significant opportunities for local firms to partner in the form of business partner or acquired by major players that want to gain a foothold in the domestic lubricants for cement industry market. With this growing demand in construction industry the demand for high quality cement and other building product is expected to grow which in turn increases the demand for lubricants for cement industry.

Also, innovation in technologies required for the production of cement, concrete and other building materials has led to increased efficiency of manufacturing processes,leading to significant consumption of lubricants for cement industry. However volatility in crude oil prices may hamper the market growth. The lubrication oil price is totally dependent on the price of base oil which is one of the end product of refinery process and derived through crude oil processing.

Lubricants for Cement Industry Market: Region Wise Trends

The demand of lubricants for cement industry is totally dependent on the region or country’s construction industry. North America is expected to witness a noteworthy demand for lubricants for cement industry owning to growing demand from residential builders and educational institutes. Europe is always considered as one of the key region provides significant growth in the consumption of lubricants for cement industry as the countries in the region is well equipped with the advanced processing techniques MEA region is also expected to witness a substantial growth due to swelling construction industry and consumer demand for lavish and luxury apartments, which in-turn boosts the demand of lubricants for cement industry. Growing industrialization in Latin America & Japan region fuels the lubricant for cement industry market in respective regions.Developing economies such as India and China possess a significant growth in residential housing segment in order to accommodate its growing urban population.

Examples of some of the market participants in the Global Lubricants for Cement Industry Market identified across the value chain include:

Total
Exxon Mobil Corporation
Kluber Lubrication
Chevron Lubricants
Whitmore
Petrol Corporation
Fuchs Petrolub
Matrix Lubricants
Cenlub

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Lubricants for Cement Industry Market: Segmentation

On the basis of Product, the Lubricants for Cement Industry Market can be segmented as:

PAO (PolyalphaOlefin) based Lubricant
PAG (Polyalkylene glycol) based Lubricant
Synthetic Hydrocarbon (SHC) Based Lubricant
Grease (Mineral Oil Based)
Solid Lubricant (MoS2/ Graphite Based)

On the basis of Application, the Lubricants for Cement Industry Market can be segmented as:

Balls Mills
Crushers
Draglines & Shovels
Haul Trucks
Kilns
Others

Report Highlights:

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

Must-have information for market players to sustain and enhance their market footprint.

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Vision Care Market is Projected to Account For Over US$ 127,730 Million, in Terms of Value, in the Duration of 2022-2028

The increasing usage of electronic devices, changing lifestyle and hygiene have led to vision-related problems worldwide. The number of patients with vision-related problems have increased and so is the need for vision care products and services.

According to the latest report published by the company, the global vision care market size is projected to account for over US$ 127,730 Mn, in terms of value, by 2028 end. The report further projects significant growth with an average CAGR of 7.1% through 2028.

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Vision Care Market: Dynamics

According to the World Health Organization (WHO), approximately 285 million people are visually impaired worldwide. Out of these, 39 million people are blind and 246 million people have low vision. Most of the disorders & conditions causing visual impairment & blindness are preventable or readily treatable with known & cost-effective interventions, and normal vision can be restored with the help of eyeglasses, contact lenses or refractive surgery. Ageing is one of the prime factors responsible for vision-related problems. Population aged 65+ years is growing day by day and with it the demand for eye care-related products and solutions is also increasing.

This increasing ageing population and the growing demand for vision care products are factors expected to create growth opportunities for the manufacturers globally. Healthcare initiatives by the Federal health care programs have increased the number of population opting for vision care benefits. Besides, the out-of-pocket costs have reduced due to insurance coverage. Likewise, in the U.S., “The Patient Protection and Affordable Care Act” has defined eye care for pediatric as an essential benefit. This factor, in particular, is likely to play an instrumental role in driving the growth of the vision care market.

With a rapid increase in the internet usage, technological changes and number of research-based industries, the usage of laptops, mobiles, PCs and others electronic devices has increased in the day-to-day life, which is the major factor responsible for eye-related problems. To overcome this alarming situation, “VISION 2020 – The Right to Sight” a global action program is conducted by NGOs and private organizations in collaboration with the WHO to prevent avoidable blindness. Also, “VISION 2020” has initiated global campaigns to raise awareness among governments about the societal effects of blindness and to gather a strong, long-term political & professional commitment to reduce avoidable blindness. “VISION 2020” has taken initiatives to develop & strengthen the primary health/eye care methodology to prevent the avoidable blindness.

The growth of the vision care market is driven by the increase in lens prescriptions and eye care professionals such as optometrists and ophthalmologists. Most of the ageing consumers (65+) have low awareness regarding eye health. Product development, particularly for the ageing population, is a major challenge as ageing consumers tend to suffer from dry eyes due to which fitting of contact lens becomes difficult. Therefore, the products for ageing consumers need more attention. Elderly population prefers spectacles over contact lens due to low awareness regarding their benefits.

According to the company, the spectacle lenses segment accounted over 40% revenue share in the global vision care market in 2017. However, the growing popularity of contact lens might limit the segment’s growth in the near future. Contact lenses offer vision correction for the entire field of the eye including peripheral vision. Soft contact lenses are safe for daily use and for sports as well. They do not fog and can be discarded if damaged. Besides, they are economic compared to prescribed glasses.

Vision Care Market: Regional Insights

In Europe and Northern America, more than 1 person in 5 was aged 60 or above in 2017. According to a survey by the WHO, 90% of the visually impaired population is in low- & middle-income countries. A significant share of this population is unaware regarding the preventive care for vision loss, available curative services and quality rehabilitation. Further, the growing number of ageing population with vision disorders in Asia Pacific is likely to boost the growth of the vision care market in Asia Pacific. Increasing geriatric population and rising disposable income in North America is expected to surge the demand for advanced vision care products and solutions. The North America vision care market is estimated to create an absolute $ opportunity worth US$ 21,735 Mn between 2018 and 2028.

Vision Care Market: Segmental Analysis

The company has segmented the global vision care market into spectacle lenses, contact lenses and cleaning & disinfecting solutions. In terms of revenue, the spectacle lenses and contact lenses segments are expected to hold significant shares over the forecast period. In contrary, the cleaning & disinfecting solutions segment in the vision care market is expected to exhibit limited investment opportunities, in terms of revenue, through 2028.

Vision Care Market: Companies

The report tracks some of the key companies operating in the vision care market, such as Bausch and Lomb (Acq. by Valeant Pharmaceuticals), Alcon (sub. Novartis AG), CooperVision and Johnson & Johnson, LUXOTTICA GROUP, Essilor, ZEISS International, Safilo Group and Rodenstock.

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