Market Research Blog – Page 14348 – New Product Development

Gastric Bands Market Analysis by Growth, segmentation, performance, Competitive Strategies and Forecast to 2031

According to the latest research by Future Market Insights, Gastric Bands Market is set to experience 4.1% growth during the year 2021-2031. The growth of gastric band market is attributed due to growing awareness about obesity treatments globally and advancements in MI proceedings along with there efficacy. Furthermore, a bariatric surgery is done with the usage of laparoscope. This helps in reducing hunger, which further helps in the reduction of the body weight.

What is driving Demand for Gastric Bands Market?

Major factor leading towards the positive growth of the gastric band devices market is the growing prevalence of obesity and diabetes, advanced healthcare structure, growing demand for laparoscopic bariatric surgeries and growing medical tourism in various developing countries. Furthermore, sedentary and changing lifestyle and various technological advancements in medical sector is one of the major factors for the growth of the gastric band devices market.

Moreover, Various product development and growing number of FDA approvals are attributed to offer lucrative opportunities for gastric band devices market over the forecast period.

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High Installation Cost is one of the major factor restraining the Gastric Band devices market

High installation cost and limited reimbursements rules and policies are considered to be one of the major factors pulling down the market growth over the forecast period.

Furthermore, less rate of weight loss as compared to other surgical procedures is hampering the market growth. Moreover, gastric band requires foreign device to remain working in the body, which is considered to be one of the factors hampering the market growth.

U.S. and Canada Gastric Bands Market Outlook

U.S. and Canada are expected to have the highest share and therefore will dominate the Gastric Bands Market. This is due to the increasing demand for the minimal invasive surgery proceedings, growing importance of healthcare sector and huge amount of population suffering from chronic diseases. Therefore, the demand for gastric band is rapidly increasing in this region.

For instance, according to American Society for Metabolic and Bariatric Surgery (ASMBS) nearly 216,000 bariatric surgery took place in U.S. out of which 3.4 % were relate to gastric bands.

Europe Demand Outlook for Gastric Bands Market

The European market for veterinary home diagnostics is estimated to grow at a considerable rate during the forecast period. This surge in growth is due to the growing expenditure on people spending on reducing obesity and diabetes. along with growing awareness about various treatment options for the purpose of weight management are the major factor driving the regional growth of gastric bands market.

Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?

Some of the key players operating in the

Gastric Bands Market are Cousin Biotech
Medtronic
TransEnterix Surgical
Helioscopie Ethicon USA LLC
Apollo Endosurgery Inc.
Murfreesboro Surgical Specialists
PLLC Inc
A.M.I. GmbH
Bariatric Partners Inc.
and Obtech Medical AG

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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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Commercial Refrigeration System Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2022

Refrigeration is the process of removing excess heat from space and transferring the same to the environment. It is well known that spoilage of food, beverages, and many other substances is reduced at a lower temperature. Thus to preserve many types of perishable products from spoilage and keep them fresh for a longer duration, a commercial refrigeration system is used where the temperature is maintained at a level much below that of its surroundings.

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The commercial refrigeration system market is segmented based on application in food& beverage production, food & beverage retail, food & beverage distribution, and the food storage & service industry where refrigeration systems are used for commercial purposes. The refrigeration system is extensively used in grocery stores, supermarkets, convenience stores and speciality food stores. The food service industry on the other hand includes restaurants and cafeterias. Customization of refrigeration systems as per the customer’s demand is a key trend in the global commercial refrigeration system market. Expanding food retail chains mostly in tier II and tier I cities in developing regions is significantly driving growth in the commercial refrigeration system market.

The global commercial refrigeration system market is also segmented based on refrigerant types that are hydro chlorofluorocarbon (HCFC), hydrofluorocarbon (HFC), hydrocarbon (HC), inorganic which includes ammonia and carbon dioxide. The refrigerants markets which are used in refrigeration systems are expected to grow at a CAGR of 5 to 7% and fuel the growth of the global refrigeration system market. The use of refrigerants is leading to the greenhouse effect and is giving way to the use of green refrigerants in the commercial refrigeration system market.

Competitive Analysis:

Major players in the global commercial refrigeration system market include Hussmann, Dover Corporation, Ingersoll Rand PLC, Daikin, AHT Cooling System GmbH, Traulsen, Berkshire Hathaway Inc, Johnson Controls Inc, and PanasonicCorporation. Key players have adopted strategies including joint ventures along with mergers and acquisitions to expand globally and are simultaneously improving their distribution network to establish a strong market presence.

The commercial refrigeration system market is witnessing a significant uptake in the commercial sector especially due to growing hotels, restaurants and organised retail showrooms. The research report presents a comprehensive assessment of the commercial refrigeration system 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, applications, and types.

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The report covers exhaustive analysis on:

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

The global commercial refrigeration system market is segmented based on product types such as beverage refrigeration, freezers & refrigerators and transportation refrigeration. Transportation refrigeration system consists of trailer refrigeration system, truck refrigeration system, and shipping containers refrigeration system. The growth in the international food trade between nations due to change in the food consumption pattern amongst consumers is driving the demand for the transport refrigeration system.

Regional Analysis:

The global commercial refrigeration system market is estimated to grow almost twofold during the forecast period and register double-digit CAGR. North America is the dominant commercial refrigeration system market in terms of revenue share followed by APAC and Europe. Growth in the food and service industry and changing consumer preferences for dining food in North America are driving growth in the commercial refrigeration system market domestically.

The European commercial refrigeration system market on the other hand is estimated to show significant growth with rising demand for frozen food items and expansion of retail chain in this region. The commercial refrigeration system market is witnessing the increasing use of solar-powered systems and this technology is anticipated to play a major role in addressing energy scarcity issues. The utilization of advanced refrigerants and energy-efficient systems are some of the upcoming trends in the global commercial refrigeration system market. More use of commercial refrigeration systems in horticulture processes and seafood exports is expected to fuel the demand of the global refrigeration system market.

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Regional analysis includes:

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

Commercial Refrigeration System 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

Bowel Stimulators Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2031

According to the latest research by Future Market Insights, Bowel Stimulators market is set to witness a 6.3% growth during the year 2021-2031. The market has been developing at a gradual rate and is projected to witness lucrative growth due to increasing number of population suffering from Overactive Bladder (OAB) and rising cases of urge incontinence, like Urinary Tract Infection (UTI). In addition, advancements in technology and development of lesser invasive procedures is likely to fuel the market demand.

What is Driving Demand for Bowel Stimulators?

A rise in disposable income, surge in incidences of Overactive Bladder, UTI and similar disorders, and development of minimally invasive procedures are primary factors boosting the market.

In addition, governments of various nations are taking initiatives to make sure that a most of the population has accessibility to inexpensive healthcare. Also, reimbursement programs of insurance companies have become promising. These factors are expected to lead to market growth.

Also, the growing geriatric population and the associated disorders re expected to increase the demand for of bowel stimulators.

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Growing incidence of urge incontinence, likely to increase the Bowel Stimulators Sales

The rising incidence of urge incontinence, like urinary tract infection (UTI) and growing occurrence of overactive bladder conditions, are the major factors responsible for the development of the market.

In addition, the increasing occurrence of fecal incontinence and the presence of medical reimbursements are certain other factors driving the market demand. According to an article published in 2019, in the Indian Journal of Community Medicine, the incidence of urinary incontinence in postmenopausal women between 45-90 years of age was about 26.47%. Besides, urinary incontinence has a considerable impact on mental and social health, which can be overcome by suitable treatment of these incontinence disorders.

US and Canada Bowel Stimulators Market Outlook

United States and Canada dominate the Bowel Stimulators market. The market is projected to witness considerable growth due to the availability of well-developed healthcare facilities, rising awareness about the prevalence and treatment of overactive bladder conditions and rapid adoption of developed medical products.

As per the CMS (Center for Medicare and Medicaid Services), urinary incontinence impacts about 13 million adults, generally women, in U.S. Bowel stimulators bring about considerable improvement in improving the quality of life for affected patients. Hence, rising incidence of fecal incontinence is likewise anticipated to boost the market in US.

Europe Demand Outlook for Bowel Stimulators

Europe is second dominating market and is projected to register a noteworthy growth owing to the growing geriatric population in Europe, increasing product launches, and growing healthcare expenditure in the region.

Also, the rising cases of fecal incontinence, is likely supporting the market development. As per the international neuromodulation society, in the U.K., one of the studies demonstrates that most of the elderly population are impacted by fecal incontinence.

Who are the Key Manufacturers and Suppliers of Bowel Stimulators?

Some of the leading manufacturers and suppliers of

Bowel Stimulators include Medtronic PLC
Axonics Inc.
Sportaid
Nuvectra
Cogentix Medical
Laborie Inc.
B. Braun
Cyberonics and others.

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HBsAg Testing Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2031

According to the latest research by Future Market Insights, HBsAg Testing market is set to witness a 5.9% growth during the year 2021-2031.

The market has been increasing at a gradual rate and is projected to witness lucrative growth due to increase in cirrhosis and liver cancer deaths due to prevalence of hepatitis B, technological advancements in diagnostic kits and due to increase in cirrhosis and growing awareness regarding early detection of hepatitis B.

What is Driving Demand for HBsAg Testing?

Hepatitis B is a potentially fatal infection and has turned into a vital healthcare problem across the world. Rise in prevalence of hepatitis B and need for early detection of hepatitis B are primary factors supporting the market growth.

In addition, rise in awareness among the population; and increase in initiatives by non-profit organizations and governments add to the development of the market. Increase in awareness among the patients’ leads to early detection of the disease. This is driving the demand for HBsAg testing.

Growing research and innovation, rise in healthcare expenditure and urbanization is resulting into rapid adoption of testing procedures, which in turn leads to market growth.

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Rising cases of Hepatitis B, likely to increase the HBsAg Testing Sales

Hepatitis B is an infection of worldwide importance, with a projected of 296 million people living the virus globally, according to the data provided by WHO. In the year 2019, hepatitis led to 820 000 deaths, majorly from complications such as cirrhosis and hepatocellular carcinoma.

The occurrence of hepatitis B is highest in the African and Western Pacific regions where 6.1% and 6.2% respectively of the adults are infected. Hepatitis B can lead to chronic infection and show a high risk of mortality. It is projected that 80-90% of the newborns infected with hepatitis B in first year of life suffer from chronic infections.

There is rise in prevalence of hepatitis B also because of the growing urbanization and environmental changes because of the changing lifestyle. These factors create a lucrative opportunities for hepatitis B diagnostic test manufacturers.

US and Canada HBsAg Testing Market Outlook

United States and Canada lead the HBsAg Testing market. The market is likely to witness significant growth owing to the high prevalence of acute cases of hepatitis B, availability of advanced diagnostic tools and rising awareness regarding hepatitis testing.

The rapid growth in the Canadian market is owing to the initiatives of the non-government and organizations. For example, the Public Health Agency of Canada conducted the World Hepatitis Day with the aim of growing awareness regarding hepatitis diagnosis. Thus, resulting into a demand surge for hepatitis diagnosis in the country.

Europe Demand Outlook for HBsAg Testing

Europe is second lucrative market and is likely to register a remarkable growth owing to the rising cases of hepatitis B infections, increasing diagnostic product launches, and growing healthcare expenditure in the region.

As per the World Health Organization, Hepatitis B is a contagious disease that affected approximately 15 million people in 2019 in the WHO European region. The growing geriatric population is also increasing the demand for hepatitis testing as complications associated with hepatitis worsen with aging.

Who are the Key Manufacturers and Suppliers of HBsAg Testing?

Some of the leading manufacturers and suppliers of HBsAg Testing include

CTK Biotech Inc.
Biopanda Reagents Ltd.
Avecon Healthcare Pvt Ltd.
Abbott
Bio-Rad Laboratories Inc.
Siemens Healthineers
QIAGEN
F. Hoffmann-La Roche AG and others.

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Vacuum Mixing Devices Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2029

Driven by the demand for efficient medical laboratory equipment and the changing face of healthcare models, the global market for vacuum mixing devices – valued at ~ US$ 154.0 Mn in 2021 – is estimated to grow by ~ 2% YOY in 2022. These insights are according to a new research report by Future Market Insights (FMI), which underlines the key headwinds and tailwinds determining the future potential of vacuum mixing devices market.

The FMI analyst is of the opinion that market gains will further be upheld by the clinical benefits associated with use of vacuum mixing devices. FMI expects the vacuum mixing devices to see unwavering growth in the next 10 years, as the global healthcare space actively embraces ‘efficiency-enabling’ medical mixing equipment.

According to the FMI report, the vacuum mixing devices market reflects a fair degree of fragmentation, wherein a large pool of regional manufacturers is competing neck to neck. Stryker Corporation and Zimmer Biomet remain two of the market goliaths, with strong product portfolios and extended regional presence.

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A majority of the revenues of these two companies are generated from the US and Germany, and their focus on strategic collaborations will continue to yield significant profit benefits and ensure sustained growth. For instance, in 2021, Zimmer Biomet Holdings, Inc. – a global leader in musculoskeletal healthcare – collaborated with Apple to transform the patients’ journey for two most common type of surgeries undergone by the Americans every year – knee and hip replacement. This collaboration was aimed at popularizing the Zimmer Biomet ‘mymobility™’ app, an app that makes use of Apple Watch to facilitate constructive connections between patients and their respective surgical teams.

The FMI analyst finds that though the factors conditioning success differ for market players of varying statures, but in all the cases, the market partakers will have to be adept at effective tracking of the evolving market trends and make necessary adaptations.

Portability: The New Normal Grappling End User Appeal

In 2021, the devices with vertical orientation is estimated to surpass other variants and account for over ½ of the global vacuum mixing devices-derived value. Though end users will continue to invest in vertical vacuum mixing devices, the demand for rotational vacuum mixing devices will also see a considerable uptick through 2022, unveils FMI.

With ‘portable’ emerging as the new norm in the medical laboratory equipment space, manufacturers are jumping onto the ‘portability’ bandwagon by launching newer models of vacuum mixing devices that are easy-to-carry and compact in size. According to the FMI analysis, North America (29%) and Europe (26%) will continue to be the leading markets for vacuum mixing devices in 2022 and beyond, set in motion by robust healthcare infrastructure and massive investments in development of high-quality laboratory essentials.

Vacuum mixing devices worth ~ US$ 128 Mn were sold in hospitals in 2021, primarily driven by the growing number of inpatient and outpatient procedures. Manufacturers, to draw upon this increase in demand, are focusing on effective marketing of their products to hospitals by using ‘easy-to-use’ and ‘compatibility with varying viscosities’ as two of their key marketing touchpoints. However, various regulations put in place for manufacturing of vacuum mixing devices will continue to impede its penetration by increasing the ‘time-to-market’ factor.

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Testosterone Injectable Market is set to witness a growth of 4.1% CAGR during the year 2021-2031

Testosterone Injectable Market Overview

According to the latest research by Future Market Insights, the Testosterone Injectable Market is set to witness a growth of 4.1% CAGR during the year 2021-2031. Testosterone injectable market is one of the most important classes of hormone injectable therapy adopted globally.

Testosterone injectable market is gaining acceptance among patients and physicians due to increasing awareness regarding benefits and efficacy of testosterone replacement therapy products.

The primary male hormone responsible for improving male sexual traits, spermatogenesis, and fertility is testosterone. Erectile dysfunction is caused by a lack of testosterone production, which can be treated with testosterone injectable.

What is Driving Demand for Testosterone Injectable Market?

The demand for testosterone injectable market is largely based on the rise in geriatric population with high risk of testosterone deficiency, growing awareness about testosterone injectable, improved health care infrastructure, policies, and advancement in health care infrastructure. Moreover, access to various diagnostic and treatment services has improved in the recent past, especially in developed economies and this is one of the major factor that has boosted the demand for testosterone injectable market.

The U.S. Testosterone Injectable Market Outlook

The market for testosterone injectable is most prominently driven by countries like U.S. According to a study published in the European Association of Urology Journal, testosterone treatment patterns in the United States have increased by 1.8 to 4-fold in the last two decades.

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Moreover, there is an increasing number of people suffering from hypogonadism, growing geriatric population and growing availability of effective and convenient treatment options results in an increasing demand for testosterone injectable in the U.S. The U.S. is undertaking a variety of attempts to strengthen their research and development facilities to fulfil the demand for testosterone injectable.

Europe Demand Outlook for Testosterone Injectable Market

As per a study published in the National Center for Biotechnology Information (NCBI), approximately 30% of men worldwide are affected by hypogonadism. Europe accounts for the existence of numerous medical centers, robust healthcare infrastructure, and increasing government initiative.

Furthermore, rising rise in the incidence of testosterone deficiency, increase in geriatric population with high risk of testosterone deficiency, and increasing awareness about testosterone substitute therapy are the key driving factors in testosterone injectable market in Europe.

Who are the Key Manufacturers and Suppliers of Testosterone Injectable Market?

The key companies working in testosterone injectable and solutions for testosterone injectable are

Clarus Therapeutics
Bayer AG
Endo Pharmaceuticals Inc.
Eli Lilly Company
Kyowa Kirin International plc
Mylan N.V.
Novartis AG
and Pfizer Inc.
J & K Scientific Ltd.
Beijing Coupling Technology Co.Ltd.
Longyan Tianhua Biological Technology Co.Ltd

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Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and mergers, expansion, product launch, etc. For instance, on May 25, 2020, Partner Perspectives announced the latest innovation in Testosterone Replacement Therapy (TRT) is JATENZO®, an oral softgel formulation of testosterone undecanoate (TU) for adult males for conditions associated with a deficiency or absence of endogenous testosterone.

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 an 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.

Testosterone Injectable Market Report Highlights:

Detailed overview of the 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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Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segment

By Dosage Form:

Hypogonadism
Autoimmune Conditions
Genetic Disorders
Sex Organ Surgeries
Others

By Drug Active Ingredient:

Testosterone
Testosterone Cypionate
Testosterone Undecanoate
Testosterone Enanthate
Methyl testosterone
Others

By Age Group:

Adults
Geriatric
Paediatric

By End User:

Hospitals
Homecare
Specialty Clinics
Others

By Region:

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

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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

Tissue Engineered Skin Substitute Market 2022: Global Industry Analysis, Size, Share, Growth, Trends And Forecast To 2029

Rapid expansion of wound management space has argued well for the growth in demand for tissue engineered skin substitutes. The global tissue engineered skin substitute market is projected for a robust 9.6% CAGR during 2022 – 2029, predominantly driven by high applicability in diabetic foot ulcers and other chronic wounds.

With advent of tissue engineering and improved ability to combine advanced manufacturing technologies with biomaterials and cell culture systems, more biomimetic tissue constructs have been emerged. Technological advancements are leading to production of advanced tissue engineered skin substitutes. 3D bioprinting and biotextile are emerging as popular biofabrication strategies for creating bioengineered skin substitutes. A team of researchers in the U.S. recently discovered a technology for complete 3D printing of the living skin along with blood vessels. Emergence of such revolutionary fabrication technologies will create a massive opportunity in the global market.

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Key Takeaways – Tissue Engineered Skin Substitute Market Study

With increasing researches in tissue engineering, the demand for biologic skin substitute is expected to increase in the forecast period. For instance, a team of engineers at the California Institute of Technology (Caltech) and ETH Zurich have developed an artificial skin made from pectin, a naturally occurring long-chain molecule present in plant cell walls allowing the construction of natural and new dermis.
Increasing prevalence of diabetes and chronic wounds is boosting the demand for tissue engineered skin substitutes.
The demand for tissue engineered skin substitutes in emerging economies such as China and India is expected to increase owing to increasing incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.

Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Seeking More Insights?

Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 – 2021 and presents demand projections from 2022 – 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Global Compact Construction Equipment Market Is Expected To Register A CAGR Of 3.8% From 2022-2032

The global compact construction equipment market is expected to register a CAGR of 3.8% from 2022-2032.

“The compact construction equipment market is projected to see significant changes in the coming years, as players in the market strive to capitalize on the opportunity by expanding their compact equipment operations into potential markets”.

The major players in the mini construction equipment market are approaching the market with new tactics and a more efficient company model. Compact construction equipment’s main advantage is its adaptability and capacity to handle tasks that were previously reserved for large machinery. The residential and commercial sectors are the primary drivers of the compact construction equipment business.

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How is the Global Compact Construction Equipment Market Classified?

“Compact construction equipment trends portends high popularity of wheeled loaders among the other equipment types.”

On the basis of type, the global compact construction equipment market can be divided into track loaders, excavators, backhoe loaders, wheeled loaders, skid steerers, and telehandlers. Among these compact construction equipment trends, sales of wheeled loaders are likely to stay on the high side as they assist in loading, unloading, and bulk material movement at construction sites.

The market can be classified into four categories based on power output: 100 HP, 101–200 HP, 201–400 HP, and >400 HP. On the basis of capacity, the market can be classified into three categories: 5L, 5L-10L, and >10L.

The construction equipment market in North America and Western Europe has been growing steadily. According to the Associated General Contractors of America (AGC), the construction market growth was 3.7 percent in August 2020, owing to an increase in residential building and construction spending. The COVID-19 pandemic has had an influence on non-residential buildings, which could have an impact on construction equipment demand in the region in the near future.

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How can Advanced Strategies Help Compact Construction Equipment Manufacturers?

“Mergers and extensions of various compact construction equipment contributors increase the industry’s sales and market worth”.

With the recent strategic supplier agreement between John Deere and Wacker Neuson, both being compact construction equipment contributors, for building compact excavators of John Deere at the factory of Wacker Neuson in China, the compact construction equipment business is expected to grow significantly. The partnership focuses on growing the distribution of compact construction equipment range in Southeast Asia, Oceania, and China.

A similar business extension was carried out by another key market player, JCB North America. A multinational compact construction equipment manufacturing company has made investments to acquire the business of their West Coast dealer, JCB of Southern California, to extend their sales for the customers throughout greater Los Angeles and the neighboring countries.

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What Factors are Contributing to the Growth of the Compact Construction Equipment Market?

“Compact size of the construction equipment, growing investments in technology, and rise in construction activities, especially towards smart city projects will contribute to adoption trends of compact construction equipment.”

Compact construction equipment’s main advantage is its adaptability and capacity to handle tasks that were previously reserved for large machinery. Compact construction equipment has several advantages, including low cost, small weight, and ease of transport and operation.

An increasing desire for small size construction equipment, low price, reliability, and increased productivity are the primary factors driving the compact construction equipment market. Compact construction equipment is also growing due to the increasing number of new technology attachments available for compact construction equipment, such as levelers, soil conditioning tools, and trenchers. In addition, private users, such as sundowners or hobby farmers, as well as real estate developers, have played a vital role in the growing usage of compact construction equipment.

The compact construction equipment market has several issues, including fuel price volatility, low entry barriers, and a lack of organization.

The changing trends from pedal operation to the use of joysticks, availability of suspension seats and air conditioners at reasonable prices, is further driving growth in the compact construction equipment market. Another emerging trend is the GPS tracking system in compact equipment, which is a major attraction for rental purchasers, as it helps them safeguard their machinery against theft and track its location when needed. Self-monitoring and auto shutdown are other attractive emerging trends in the compact construction market.

Radiotherapy Patient Positioning Accessories Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2028

Estimated to exceed the revenues of US$ 588.8 million in 2022, the global market for radiotherapy patient positioning accessories is projected to witness a moderate 4.3% annual growth in revenue, over that in 2021. According to a recent research study of Future Market Insights (FMI), nearly 1/5^th of the overall installed base of radiotherapy patient positioning accessories is accounted by couch tops and overlays, followed by immobilization systems.

More than 40% of the total adoption of radiotherapy patient positioning accessories is registered by hospitals at a global level, as indicated by FMI’s report. A higher rate of demand for radiotherapy patient positioning accessories is likely to be recorded by cancer research institutes and radiation therapy/proton therapy centers, in the forthcoming years.

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Government Support Pivotal in Accelerating Installation of Radiotherapy Patient Positioning Accessories

North America and Europe currently hold a combined revenue share of over 60% in the global radiotherapy patient positioning accessories market. Remarkable increase in the rate of early cancer diagnosis is leading to hike in the adoption of radiotherapy, more prominently in developed countries such as the US, UK, and Germany among others. Moreover, the study opines that the increasing awareness about multiple types of cancers, further backed by favorable government initiatives regarding cancer diagnosis and treatment, will be one of the strongest factors pushing penetration of radiotherapy patient positioning accessories within developed regional markets.

On the other side, governments of several developing economies are also extending support and investments in the cancer diagnosis and treatment space, particularly through screening camps – which is boosting the diagnosis rates of cancer. This according to the report is majorly responsible for promising growth in the installed base of radiotherapy systems and patient positioning accessories. According to FMI’s analysis, the flourishing medical tourism sector is also registering significant contribution to the thriving demand for radiotherapy patient positioning accessories in emerging economies.

Strategic Efforts in Stronger Distribution Network Gathering Momentum among Manufacturers

Some of the key players actively competing in the radiotherapy patient positioning accessories market include Bionix Radiation Therapy, CDR Systems, CIVCO Radiation, Orfit Industries N.V., IZI Medical Products, Klarity Medical Products, Qfix, Elekta AB, and Eckert & Ziegler BEBIG, among others. Several leading manufactures are focused on the development and approval of new products. CIVCO Radiotherapy announced the FDA clearance and CE mark for their Solstice SRS Immobilisation System, in the H2 2021.

Strong distribution partnerships tend to result in effective product reach across the value chain and thereby supports the business growth. While the growing trend of strategic distribution partnerships between peer companies operating in the radiotherapy patient positioning accessories market is translating into improved product outreach, FMI’s analysis suggests that collaborative activities in terms of distribution of radiotherapy patient positioning accessories will particularly benefit smaller players in the market. Recently, POLL Medical entered the partnership with CIVCO for the global distribution of CE-marked GrayDuck Stents.

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Radiation Toxicity Treatment Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2029

The rise in installation of radiation therapy machines to treat a wide range of cancers further uplifts the probability of radiation toxicity in cancer patients. Future Market Insights (FMI), in its new study on the global radiation toxicity treatment market, foresees that the market will reach the value of US$ 5.5 Bn by the end of forecast period (2022 – 2029) and further experience a major upturn post 2029.

Installed base of internal radiation therapy machines has tremendously increased over the past decade. Improving reimbursement scenario and favorable government policy framework in the field of cancer care are adding to the accessibility of radiation therapy, thereby favoring the growth of radiation toxicity treatment market.

The study suggests that notable players in Asia Pacific will continue to invest heavily in the development of new radiation therapies, in line with the increasing cancer prevalence and improving rate of diagnosis in the region.

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Key Takeaways – Radiation Toxicity Treatment Market Study

Increasing adoption of colony stimulating factors such as Neulasta from Amgen will account for more than 75% of revenue share in the radiation toxicity treatment market through 2029 end.
Attributed to high incidences of radiation toxicity due to emission of gamma radiation from positron emission tomography (PET) and single-photon emission computed tomography (SPECT) scanners installed at hospitals and diagnostic centers, non-ionizing radiation is also set to offer lucrative opportunity to market participants.
North America continues to lead its way in the radiation toxicity treatment market, while South Asia is foreseen to grow at a significant rate in the near future.

Who Is Winning?

Some of the key players operating in the radiation toxicity treatment market include Amgen Inc., Partner Therapeutics, Mylan N.V., and Novartis AG. Leading players of the radiation toxicity treatment market are focusing on acquiring smaller companies to enhance their product portfolio and improve regional market positioning.

For instance, Siegfried Group announced the acquisition of drug product manufacturing facility together with all related employees and contracts from Arena Pharmaceuticals GmbH in Zofingen, Switzerland. Also, in 2018, Partner Therapeutics (PTx) acquired global rights to develop, manufacture, and commercialize Leukine (sargramostim) from Sanofi.

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