Market Research Blog – Page 14407 – New Product Development

Tip Location Devices Market is anticipated to reach US$ 70.2 Million in the time period of 2022-2030

The global tip location devices market is likely to surpass USD 35 million in revenues by 2022-end, according to a latest report by Future Market Insights (FMI). The ESOMAR-certified firm has an optimistic outlook on the long-term prospects of tip location devices market, with its latest report forecasting a 6.4% CAGR through 2030.

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

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

Market players are on the acquisition spree to cater to the ever-increasing demand for PICC procedures. This is expected to drive the growth of global tip location devices market” – says the FMI Analyst

For instance – Teleflex Incorporated, in Sep 2021, participated at the conference conducted by Cardiovascular and Interventional Radiological Society of Europe by presenting its Peripheral Intervention Product Portfolio. The conference was held in Barcelona.

Key Takeaways from Tip Location Devices Marker Study

Tip location system anticipated to witness a CAGR of 5% between 2022 and 2030
ECG with magnetic tracking accounted for more than 60% of market share in terms of revenue in 2021.
North America to account for more than 50% of market share in 2022 and the trend is expected to continue in the forecast period.

Competitive Intelligence

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

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

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

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

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The study provide compelling insights on tip location device market on basis of product type in detail cover every aspects of the market such as tip location systems while accessories segment of product type covers ECG cables, ECG clip cables and ECG lead set, technology (ECG tip confirmation, ECG with Magnetic tracing, ECG with intravascular doppler) and end users (hospitals, ambulatory surgical centers and catheterization labs) across seven major regions.

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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.

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.

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

Teleradiology Market is projected to register a CAGR of 15.3% and to reach a valuation of US$ 14.8 Billion by 2026.

[154 Pages Report] As per a study by ESOMAR-certified consulting firm Future Market Insights (FMI), the global teleradiology market is expected to surpass a valuation of US$ 5.15 Bn through 2021. Favored by the increasing number of medical imaging procedures such as computed tomography (CT) scans and X-ray scans, the sales of teleradiology are likely to surge at a vigorous 12.18% CAGR during the assessment period.

Rising prevalence of diseases such as cancer, arthritis, cellulitis, and osteomyelitis are facilitating the market growth. According to the National Institute of Cancer, around 1898,160 new incidences of cancer are estimated to be diagnosed in 2021, causing approximately 608,570 deaths in the U.S.

As teleradiology enables the transfer of radiological images to qualified radiologists for providing effective treatments, it plays a life-saving function for patients. Thus, with the increasing number of cancer cases and lack of availability of skilled radiologists in sub-urban and rural areas, the demand for teleradiology systems is likely to increase over the coming year.

The coronavirus outbreak has favored the teleradiology market by increasing demand for medical imaging procedures across the globe. As the use of teleradiology systems avoids in-person contacts for the exchange of hard imaging result copies, these systems are increasingly being adopted by hospitals, medical institutes, and clinics for sharing study observations and details information gathered, thereby, driving teleradiology sales.

Prominent Players:

Cerner Corporation,
Siemens Healthineers
McKesson Corporation
Agfa Healthcare
MEDNAX Services, Inc.
ONRAD Inc.
Novarad Corporation
TeleDiagnostic Solutions Pvt. Ltd.
Teleradiology Solutions
Telerad Tech
StatRad LLC
MedWeb LLC
USARAD Holdings, Inc.
Everlight Radiology
SRL Diagnostics,
Vital Radiology Services
Telemedicine Clinic.
Others

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Key Takeaways from FMI’s Teleradiology Market Study

Sales of teleradiology systems are expected to rise at 9.10% between 2020 and 2021.

The U.S. is estimated to dominate the North America teleradiology market owing to the presence of leading market players in the country.
China is likely to emerge as the prominent market in Asia Pacific due to the high prevalence of chronic diseases such as cancer and arthritis.
Based on modality, CT scans are anticipated to lead the segment, on the back of rising digitalization and technological advancements in the segment.
Owing to the surging demand for diagnostic imaging procedures due to the lack of qualified radiologists, ambulatory imaging centres (AICs) are expected to account for substantial revenue share.

“Key players in the market are integrating novel technologies such as artificial intelligence (AI), cloud-based solutions, and picture archiving and communication system (PACS) for developing innovative teleradiology solutions as they aim at capitalizing on the increasing demand of accurate diagnosis,” says the FMI’s analyst.

Competitive Landscape

Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, and Telemedicine Clinic are the leading players operating in the teleradiology market as profiled by FMI.

The teleradiology market is highly fragmented owing to the presence of large number of market players. Leading player emphasizing on launching the new products and expanding their product portfolio to gain competitive edge over other player. Besides, this some of the players are adopting strategies such as strategic collaboration, merger, acquisition, and partnership with other industry players to strength their market footprint. For instance,

In February 2021, Medica Group, teleradiology provider headquartered in the U.K. announced entering in a joint venture partnership with MedX, a Canada-based pharmaceutical logistics and supply chain company. The strategy will help the Medica Group providing teleradiology reporting service in New Zealand, Australia, and Ireland
Recently Vital Radiology Services, an international teleradiology service provider company headquartered in India, announced entering into a partnership with one the largest medical imaging providers in the world, I-MED Radiology Network. This partnership will assist both the companies to bring innovation in the domain to a new level.

More Insights into the Teleradiology Market Report

In its latest report, FMI offers an unbiased analysis of the global teleradiology market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of modality (X-Ray scans, CT scans, MRI scans, ultrasound scans, nuclear scan, cardiac echo, mammography, and electromammography), and end user (hospitals, clinics, ambulatory surgical centres, and radiology centres), across U.S. and Other than U.S. (Latin America, Europe, Asia Pacific excluding Japan, Japan, and Rest of the World)

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Teleradiology Market by Category

By Modality:

X-Ray Scans
CT Scans
MRI Scans
Ultrasound Scans
Nuclear Scan
Cardiac Echo
Mammography
Electromammography

By End User:

Hospitals
Clinics
Ambulatory Surgical Centres
Radiology Centres

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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:
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Positron Emission Tomography (PET) Scanners Market is expected to expand at a steady 5.1% CAGR, offering an absolute $ opportunity of US$ 57.0 Million.

[181 Pages Report] The global positron emission tomography (PET) scanners market was valued at over US$ 1.2 Bn in 2021 and is expected to exhibit a CAGR of close to 5.1% over the forecast period (2021-2031).

The concept of PET as a nuclear medicine imaging technology was established in early 1970s. Ever since the technology has evolved into routine clinical imaging modality, revolutionizing the process of diseases diagnosis and management into more effective fashion.

PET is a molecular imaging technology that detects the concentration and pharmacokinetics of radiotracer molecules that are labelled with radioisotopes. This helps to diagnose and determine the severity of a various diseases such as neurological disorders, cardiovascular disorders, cancer, gastrointestinal and various others.

positron emission tomography scanners market

Based on the operational and geometrical capabilities of PET scanners, the systems are classified as full ring PET systems and partial ring PET systems. Advancements in technological performance of these systems are always associated with higher cost, limiting its widespread utilization in clinical PET imaging.

Rising prevalence of chronic disorders such as cancer and cardiovascular disorders, coupled with greater awareness towards physical wellbeing and limitations of conventional PET scanner is spurring demand for effective diagnostic techniques, thereby augmenting growth of the market.

PET scanners have continued to improve image quality and performance over the last few years. Technological improvements such as managing dose, reduced imaging time and enhanced lesion detectability have increased PET’s functionality, thus making it easier to interpret and diagnose various life-threatening disorders.

“Ongoing technological advancements in PET scanners, copled with increasing applications in diagnostic centers and research institutes will propel the growth of the market in the forthcoming years” says a FMI analyst.

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Key Takeaways:

By product, full-ring PET scanner is expected to hold over 86.2% of the total market share by 2031.
Sales in the oncology segment accounted for over 85.2% of market share in 2020, owing to the increasing incidence of chronic diseases and cancer.
Based on detector type, demand in the lutetium oxyorthosilicate (LSO) segment to held over 37.3% of market share in 2020.
Hospitals dominate end user segment with a share of around 34.9% in 2020 due to increasing patient inflow after COVID-19 outbreak.

Who is winning?

Acquisitions, mergers, expansion, and product launches are the key strategies adopted by manufacturers to increase consumer base in different geographies. For instance:

In January 2020, Koninklijke Philips N.V. introduced its advanced solutions called Vereos Digital PET/CT (world’s first and only fully digital, clinically proven, PET/CT solution), an AI-powered solutions for precision diagnosis at IRIA 2020.

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 positron emissions tomography (PET) scanners 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 into the positron emissions tomography (PET) scanners. The positron emissions tomography (PET) scanners market is segmented into five parts based on product type (full-ring PET scanners and partial-ring PET scanners), applications (oncology, cardiology and neurology), detector type (bismuth geranium oxide, lutetium oxyorthosilicate, gadolinium oxyorthosilicate, lutetium fine silicate, lutetium yttrium orthosilicate) and end users (hospitals, diagnostic centres, PET centres, and research institutes) across seven major regions.

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Key Market Segments Covered

By Product :

Full-ring PET scanner
Partial-ring PET scanner

By Application :

Oncology
Cardiology
Neurology
Others

By Detector Type :

Bismuth Germanium Oxide (BGO)
Lutetium Oxyorthosilicate (LSO)
Gadolinium Oxyorthosilicate (GSO)
Lutetium Fine Silicate (LFS)
Lutetium Yttrium Orthosilicate

By End User :

Hospitals
Diagnostic Centers
PET Centers
Research Institute

By Region :

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

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Tissue Engineered Skin Substitute Market is projected for a robust 9.6% CAGR during 2022 – 2029

[248 Pages Report] 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.

tissue engineered skin substitute market

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.

Despite breakthrough innovations assisting the growth of market, certain limitations are still there. The inability of tissue engineered skin substitutes to produce skin appendages such as hair follicles, sebaceous glands, and nails continues to remain among the most concerning challenges facing R&D teams

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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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Tissue Engineered Skin Substitute Market

by CategoryBy Product:

Acellular Skin Substitutes
- Acellular skin substitutes based on Amniotic Membrane
- Other Acellular skin substitutes
Biologic Skin Substitute
- Allograft
- Xenograft
Cellular Skin Substitutes
- Cellular skin substitute based on amniotic membrane
- Other cellular skin substitutes

Synthetic Skin Substitutes

By Material:

Synthetic
Natural

By Application:

Chronic Wounds
- Venous leg Ulcers
- Diabetic Foot Ulcer
- Pressure Ulcers
Acute Wounds
- Traumatic Wounds
- Burn Cases
Other Applications

By End User:

Hospital
Specialty Clinics
Ambulatory Surgical Centers
Research Laboratory

By Region:

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

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Molecular Imaging Market segment is projected to expand at a CAGR of 16.3% during the forecast period 2021-2031

[301 Pages Report]Molecular imaging is an emerging diagnostic technology that allows visualization, differentiation, and quantify various biological processes occurring inside a living organism at the molecular and cellular level. The global molecular imaging market is estimated to be valued approximately at US$ 4 Bn in 2021, finds Future Market Insights (FMI) in a study.

Molecular imaging targets molecular pathways and mechanisms associated with a particular disease present inside a living body. It enables to study of the molecular abnormalities taking place inside the body to carry out early detection of disease and to optimize medications aiming for disease-related molecular targets. Nuclear medicine plays a vital role in conducting a molecular imaging process and can be broadly used for the treatment of distinct cancer and related diseases.

Clinical molecular imaging is trending towards hybrid modalities such as PET-CT, SPECT, or PET-MR that provide high-resolution anatomical imaging. PET-CT is anticipated to gain maximum revenue share over the forecast period, and the segment is projected to expand at a CAGR of 16.3% during the forecast period.

Molecular imaging has evolved as a promising tool for early detection of cancers and cardiac diseases, providing a more complete picture of the tumor genome, as well as monitoring tumor emergence during disease. Molecular imaging provides the ability to accurately evaluate biological responses to the treatment of individual patients over time, opening the door to personalized medical techniques directed by molecular imaging reporters.

molecular imaging market region wise plc position and notable trends, 2021

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Key Takeaways from Molecular Imaging Market Study

Molecular imaging market will register accelerating demand, enabling a y-o-y growth of nearly 11% in 2021
Backed by presence of a state-of-the-art healthcare infrastructure, the U.S. accounts for nearly 65% sales in North America
Driven by rising cases of cancer, the U.K. market will exhibit above 14% y-o-y growth in 2021
Government initiatives aimed at offering advanced medical care will enable growth in Germany and France
The market in China is expected to surge at a CAGR of over 10% from 2021 to 2031

“Increasing research & development activities in cancer-specific drug discovery and other chronic diseases are expected to boost demand for molecular imaging. Besides this, as a result of increasing incidence of cancer the demand for highly sensitive and precise diagnostic for better treatment solutions is increasing,” says a Future Market Insights analyst.

Molecular Imaging Needs Rising In Response to Increasing Cancer Cases

According to the World Health Organization (WHO) in 2020, breast cancer emerged as the most common type of cancer, affecting 2.2 million people around the world. Lung cancer has been the leading cause of death with over 1.7 Mn of total deaths in 2020. North America has the highest incidence rate of cancer followed by East Asia. This rise in the cancer population is leading to a rise in the demand for diagnostic imaging, thereby catalyzing the demand for molecular imaging.

Who is Winning?

Key players in the molecular imaging market are keenly focusing on carrying out strategic activities such as acquisitions, collaborations, and mergers, product launch, global expansion to create a strong position in the market is leading to vigorous developments which are helping the market to grow at a considerable rate.

For instance, in 2019, Bruker Corporation launched a benchtop magnetic resonance spectrometer with a high-field 9.4 Tesla small animal MRI system with integrated in-line PET. Thus strengthening its product portfolio.

Strategies adopted by key players are often intended at global expansion. They largely focus on product launches and mergers & acquisitions. There have been a few strategic partnerships among leading players to enhance the product line and better facilities for end-user.

In September 2020, Bruker Corporation announced the acquisition of Canopy Biosciences, LLC. This acquisition enhances Bruker’s offering in targeted multi-omics and fluorescence-based imaging techniques.

Some of the key players are Key market players covered by Future Market Insights in the report are is Hermes Medical Solutions, Bruker Corporation, GE Company, Fujifilm Holdings Corp., Koninklijke Philips N.V., Siemens AG, Toshiba Medical System Corp., Mirada Medical Limited, Carestream Health, Inc., Esaote SpA, Positron Corporation, Medisco Ltd., Hitachi Medical Corp., MIM Software Inc.

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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 molecular imaging 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 based on a modality (Positron Emission Tomography (PET), Positron Emission Tomography- Computed Tomography (PET-CT), Positron Emission Tomography- Magnetic Resonance (PET-MR), Single Photon Emission Computed Tomography (SPECT), Software, Magnetic Resonance Spectroscopy, Molecular Ultrasound Imaging), Application (Cardiology, Oncology, Gastrointestinal Disorders, Neurology Disorders, Others) and end-user ( Hospitals, Ambulatory Surgical Centers, and Diagnostic Centers), across seven major regions of the world.

Molecular Imaging Market

by CategoryModality

Positron Emission Tomography (PET)
Positron Emission Tomography- Computed Tomography (PET-CT)
Positron Emission Tomography- Magnetic Resonance (PET-MR)
Single Photon Emission Computed Tomography (SPECT)
Software
- On Premises Solutions
- Cloud Based Solutions
Magnetic Resonance
Molecular Ultrasound Imaging

Application

Cardiology
Oncology
Gastrointestinal Disorders
Neurology Disorders
Others

End User

Hospitals
- 500+ Beds
- 200-499 Beds
- Less than 200 Beds
Ambulatory Surgical Centres
Diagnostic Centres

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Cold Laser Therapy Market reflects a CAGR of around 4.4% over the forecast period (2021-2031).

[287 Pages Report] According to a recent study by Future Market Insights (FMI), the cold laser therapy market is expected to witness high growth during the forecast period. Sales of cold laser therapy are set to reach US$ 165.4 Mn by 2031. This reflects a CAGR of around 4.4% over the forecast period (2021-2031).

Increasing awareness about various benefits of cold laser therapy is encouraging the adoption of cold laser or low-level laser therapy devices. Application of cold laser therapy in pain relief, treatment of musculoskeletal conditions, and nerve regeneration is increasing the sales in the market. These devices are increasingly installed in home care settings to offer relief from pain or inflammation to patients.

Due to increasing penetration of social media, people of all age groups are becoming overtly anxious about improving their appearance. Hence, the cold laser therapy market is rapidly growing owing to the growing interest in surgically improving appearance.

cold laser therapy market characteristics and attributes with regional relevance 2021

According to the World Health Organization (WHO), the global population of those above 65 years of age is expected to increase from nearly 1.0 billion in 2018 to around 2.1 billion by 2050 across the world.

With increasing demand from elder population as their skin is more prone to wrinkles, fine lines, flaccid skin, and other conditions, demand for cosmetic procedures is expected to surge.

Emerging nations such as India, China, Brazil, Russia, Mexico, and South Africa are offering ample of growth opportunities for cold laser therapy devices market. One of the major factor for increased growth is rising prevalence of chronic diseases in the countries.

Exhibiting high demand for cold laser therapy to treat chronic pains, developing nations are likely to emerge as hotspot for cold laser therapy devices manufacturers.

Increasing research and development activities for innovation of novel technology and implementation of favorable reimbursement schemes in most developed countries is another factor fueling sales.

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As per the report, key manufacturers are strengthening their supply chains particularly in regions such as Asia Pacific, Latin America and Middle East & Africa. Agreements, partnerships, and collaborations have emerged as key growth strategies adopted by leading players to expand their regional expansion and product portfolio.

For instance, in September, 2019, MedShift announced the 5-Year Strategic collaboration with BTL Aesthetics. The partnership will boost the presence of Emsculpt® device, the first and only technology to non-invasively harness high-intensity electromagnetic energy to firm muscle for a more toned figure.

“Growing demand for aesthetic cosmetic procedures and preference for non-invasive equipment have encouraged the key players to invest more in research activities to develop advanced devices. This is expected to create growth opportunities for market players, especially in East and South Asia as demand for cosmetic procedure and pain management is at all-time high,” says the FMI Analyst

Key Takeaways from Cold Laser Therapy Market Study

In terms of product, continuous laser devices will account for the largest market share in 2021.
Single wavelength technology will hold the lion’s share in cold laser therapy market. The segment will account for more than 65% of total market share in 2021.
Application of cold laser therapy devices in dermatology will generate highest revenue. As per FMI, the application is expected to account for more than 35% of value share in 2021.
Specialty clinics are expected to be the primary end-users on the back on increasing demand for cold laser therapy for cosmetic procedures. The segment will contribute over 42% of market revenue in 2021.
North America is expected to account for dominant 40.0% in the global market in 2021, with the U.S. spearheading growth in the region.

Who is Winning?

Some of the leading manufacturers of cold laser therapy market are focusing on product launches, collaborations, and expansion strategies to enhance their market presence. For instance,

In March 2021, Good Energies Ltd developed and sold the B-Cure Laser for pain relief and launched a new media campaign in collaboration with Guerillascope for creating awareness against chronic pain.
In November, 2020, DJO Global, Inc. announced the launch of 25W LightForce Xpi to allow clinicians to treat pain and inflammation and aid in post-activity recovery with greater accuracy, providing more consistent outcomes for patients.
In January 2020, BTL launched a new product BTL-6000 Traction Therapy for relieving patients from pain. The company strengthened its presence in the pain management market with this launch.
In May 2019, Theralase Technologies Inc. announced its plan to expand its photodynamic therapy technology (PDT) into China after receiving necessary regulatory approval from the country.
In May 2019, Erchonia Corporation announced the launch of Lunula Laser in the Korean market. It was a non-thermal and non-invasive device with low-level laser technology for foot fungus.
In January 2020, Lexington International, LLC announce the launch of its innovative product Flip 80 Laser Cap to treat pattern hair loss and stimulate hair growth

The key market players profiled by FMI include Apira Science Inc., BioLight Technologies LLC, B-Cure laser Australia, Erchonia Corporation, Theralase Inc., THOR Photomedicine Ltd, DJO Global, Inc., BTL, Spectro Analytic Irradia AB, Photomedex.

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Cold Laser Therapy Market by CategoryBy Product:

Continuous Laser Devices
Pulse Laser Devices
Combination Laser Devices

By Technology:

Single Wavelength Cold Laser Therapy Devices
Multiple Wavelength Cold Laser Therapy Devices

By Application:

Pain Management
Arthritis
Wound Healing
Nerve Regeneration
Dermatology
Musculoskeletal
Others

By End User:

Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Homecare Settings

By Region:

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

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Hair Bond Multiplier Market is expected to grow at a CAGR of Approximately Over 2022-2027

In a new report titled “Hair Bond Multiplier Market: Global Industry Analysis and Opportunity Assessment (2017–2027),” Future Market Insights (FMI) delivers key insights on the global hair bond multiplier market and throws light on the various factors boosting revenue growth of the global market. In terms of revenue, the global hair bond multiplier market is estimated to expand at a CAGR of 7.1% over the forecast period. Owing to increasing fashion trends, individuals are more inclined towards experimenting with hair styles, modifications and different shades of hair colours. Millennials are showing increasing interest in hair colouring and are following celebrities to have different hair colour shades and hair styles. Hair treatment with chemicals and extensive heat to achieve desired modifications could cause potential harm. Individuals are becoming more concerned and conscious about hair health and hence to counter the harmful effects of heat and chemicals, the demand for hair bond multipliers to strengthen hair is increasing.

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Global Hair Bond Multiplier Market: Segmentation & Forecast

The global hair bond multiplier market is segmented based on product type, application, end use, and sales channel. By product type, the hair bond multiplier market is segmented into kit and loose. On the basis of application, the market is segmented into hair colouring and hair treatment. The hair colouring segment has a high growth rate of 7.3% over the forecast period with the segment anticipated to be valued at US$ 82.7 Mn by the end of 2017. By end use, the hair bond multiplier market is segmented into salons, spa, and personal use. The salon segment is estimated to hold the largest market share of 69.1% in 2017 with the market anticipated to be valued at US$ 119.1 Mn by 2017 end. By sales channel, the market for hair bond multiplier is segmented into direct sales and retail sales. The retail sales segment is further sub segmented into modern trade, distributors/wholesalers, health & beauty stores and online retailers. In terms of value, the retail sales segment is projected to be the most attractive segment in the global hair bond multiplier market during the forecast period and is expected to remain dominant with a revenue share of 58.5% by 2027 end.

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Global Hair Bond Multiplier Market: Regional Forecast

This report assesses trends driving growth of each segment at the global as well as regional level and offers potential takeaways that could prove substantially useful to hair bond multiplier manufacturers looking to enter the market. In this report, the hair bond multiplier market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to exhibit relatively high CAGR and high incremental value over the forecast period. In terms of value, the North America hair bond multiplier market is projected to be the most attractive regional market during the forecast period and is expected to remain dominant accounting for a revenue share of 22.9% by 2027 end.

Global Hair Bond Multiplier Market: Key Players

Some of the key players in the hair bond multiplier market featured in the report include L’Oréal S.A., Olaplex LLC, Croda International Plc., Henkel AG & Co. KGaA, Keune Haircosmetics Manufacturing B.V., Lakmé Lever Private Limited, Earthly Body, Inc., Brazilian Professionals LLC., Affinage Salon Professional Limited. In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, new marketing techniques, product offerings, and mergers and acquisitions.

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Market segmentation

By Product Type

Kit
Loose

By Application

Hair Colouring
Hair Treatment

By End Use

Salons
Spa
Personal Use

By Distribution Channel

Direct Sales
Retail Sales
- Modern Trade
- Distributors/ Wholesalers
- Health & Beauty Stores
- Online Retailers

By Region

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

Residential Water Treatment Devices Market is expected to grow at a CAGR of Approximately Over 2022-2027

Water is essential to the survival of all living organisms and it is simultaneously one of the scarcest resources. Large-scale urbanization, rampant use of pesticides, and natural pollutants present in some water bodies have contaminated these sources of life, rendering them unfit for human consumption. Future Market Insights in its report titled ‘Residential Water Treatment Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027)’ has comprehensively analysed the global residential water treatment devices market that is expected to record a robust CAGR of 9% from 2017 to 2027 and cross a value of US$ 56 billion by that time.

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Region – Governments Unable to Provide Safe Drinking to all Citizens in APEJ

The APEJ region now accounts for 3/5^th of the global population and is growing rapidly. A UNICEF report estimates that the growth rate far there outpaces that of the number of people gaining access to safe drinking water. The 2011 Census of India states that 14% of households in the country cannot access safe drinking water. In addition to this, large scale industrialization and excessive pesticide use deteriorates the quality of natural water bodies in the APEJ region. Many water bodies that provide water for millions of local inhabitants have dangerously high levels of toxins. In China, more than 80% of water bodies including shallow groundwater has been affected by industrial waste and agricultural chemicals that seep into the nearest water body from the soil and waste injection. In Indonesia, more than 75% of rivers are polluted with high levels of fluoride and arsenic and this directly leads to the deaths of approx. 50,000 people annually.

Region – Increasing Cases of Waterborne Diseases in North America

The U.S. has one of the safest drinking water systems on the globe yet there are several cases of gastrointestinal illnesses reported in the country every year because of the inadequacy of public water systems that excludes consumption from non-public systems. Waterborne contaminants can lead to numerous health problems such as vomiting, diarrhoea, breathing difficulty, eye, ear, and skin infections, and pneumonia. Diseases such as giardiasis, cryptosporidiosis, otitis externa caused nearly 40,000 hospitalizations and cost just under a billion dollars every year in the country. The bacteria Clostridium difficile alone causes almost 8000 deaths annually. These deaths can be avoided with the help of devices available in the North America residential water treatment devices market that is projected to be worth roughly US$ 7.8 billion in 2027 with the US comprising the bulk of this.

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Equipment Type – Reverse Osmosis Most Popular Equipment Type

The reverse osmosis segment has a market share of almost 60% in the residential water treatment devices market in 2017 and is anticipated to rise to 63% by the end of the forecast period. Reverse osmosis is projected to witness the highest CAGR of 9.7% by value from 2017-2027, making it imperative for key stakeholders in the residential water treatment devices market to target this equipment type. An absolute dollar opportunity of slightly under a billion dollars in 2017 over 2016 is waiting to be tapped in the reverse osmosis segment of the residential water treatment devices market.

Competition Dashboard in the Residential Water Treatment Devices Market

The companies profiled in the residential water treatment devices market report are Amway Corporation, The 3M Company, Haier Group Corporation, Robert Bosch GmbH, Whirlpool Corporation, BRITA GmbH, Culligan International Company, Eureka Forbes, Kent RO Systems Ltd., Panasonic Corp ADR, LG Electronics Inc.,Hindustan Unilever Ltd., Mitsubishi Rayon Cleansui Co. Ltd., P.T. Holland, A.O. Smith Corporation, Mazuma Thailand Co. Ltd., Ceramica Stefani S.A., Lorenzetti S.A., PSA Industrias Pugliese S. A.,Europa Group, and Indústria Brasileira de Bebedouros Ltda. S.A.

Key Insights in the Residential Water Treatment Devices Market

The residential water treatment devices market has been characterized by the lack of new technologies and a sluggishness on the part of key stakeholders. There has been no major R&D investment and product differentiation is absent. Thus, price becomes the deciding factor for buyers and any company that can reduce the initial or maintenance cost substantially stands to reap significant benefits in the residential water treatment devices market. Companies should try to introduce smart new products that offer a multitude of features such as heating or chilling water, adding flavours or purifying it at multiple stages.

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Mechanical Locks Market is expected to grow at a CAGR of Approximately Over 2022-2031

According to a recent market analysis by Future Market Insights (FMI), sales in the mechanical locks market are expected to reach a valuation of approximately US$ 6.5 Bn, expanding at 4% CAGR over the forecast period 2021 to 2031.

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Growing demand for two-way and tubular mechanical locks, along with rising safety concerns, especially in commercial spaces are key factors spurring demand for mechanical locks.

Due to the outbreak of the COVID-19 pandemic, sales of mechanical locks were slumped for the first quarter of FY’2020. However, with resumption in production and trade activities, the mechanical locks market is expected to recover at a moderate pace, with demand projected to grow by 2% year-over-year between 2020 and 2021.

Growing popularity of stainless-steel locks is also expected to propel sales of mechanical locks. Stainless steel mechanical locks are more durable and sturdier and provide optimal protection against harsh environmental factors and wear and tear.

Consumers are increasingly preferring stainless-steel locks over mechanical locks made of other materials due to their cost-effectiveness and easy availability. Besides this, sales of grade 1 mechanical locks are expected to soar as this grade of locks offers maximum protection.

Further, demand for mechanical locks in the U.S. is expected to remain high over the assessment period. The country is anticipated to dominate the North America mechanical locks market, owing to increasing adoption of tubular and two-way locks, along with rising demand for advanced locking systems in recreational spaces.

Key Takeaways:

Demand for mortise locks is expected to soar through 2031, owing to high durability and easy accessibility.
Grade 1 mechanical locks will remain highly sought-after as they offer the highest degree of protection and can be fitted in all door types.
In terms of applications, the external facilities segment is projected to account for the maximum market share of the total mechanical locks market.
Based on material, sales of stainless-steel mechanical locks are expected to rise at a steady pace through 2031.
The U.S. is expected to dominate the North America mechanical locks market, due high demand for advanced security systems in residential and recreational spaces.
The U.K. will continue exhibiting high demand for mechanical locks from the hospitality sector for improved security.
China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia mechanical locks market.
Japan and South Korea will account for 35% and 21% of the total mechanical locks market share respectively.

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Competitive Landscape

Serrature Meroni Spa, DOM Security, Codelocks Inc., ECO Shulte GmbH & Co. KG, ASSA ABLOY AB, The Eastern Company, Dormakaba Holdings AG, Yale Security, Inc. Winkhaus Austria GmbH, Allegion Plc., Spectrum Brands, Inc., August Bremicker Söhne KG, Draper Tools Ltd, EVVA Sicherheitstechnologie GmbH, and Nuova Oxidal SRL are among some of the leading players operating in the global mechanical locks market.

Top 5 players in the mechanical locks market are expected to account for 10-15% of the total mechanical locks market share over the forecast period.

Leading players operating in the global mechanical locks market are aiming at product portfolio expansions through research and development. Apart from this, players are investing in mergers, acquisitions, collaborations, and partnerships to expand their global footprint. For instance:

In August 2021, Dormkaba signed an agreement to acquire Australian Reliance Doors and Best Doors Australia Groups (RELBDA), a leading provider of garage doors, automatic openers, industrial doors, and related hardware like mechanical locks.
In September 2020, Mul-T-Locks Group announced its plans to establish a subsidiary in the UAE with an investment of approximately US$ 1.5 Mn.

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Traditional Toys and Games Market is expected to grow at a CAGR of Approximately Over 2022-2031

According to a recent market analysis by Future Market Insights (FMI), sales in the global traditional toys and games market are slated to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.

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The demand for traditional toys and games gained traction as countries imposed lockdown to contain the COVID-19 outbreak. While supply-chain disruptions continued posing threat, some of the top traditional toys and games brands shifted their focus to online sales channels. Against this backdrop, FMI has forecast the traditional toys and games market to grow by 2% year-over-year between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

“Growing trend of home entertainment following the outbreak of COVID-19 in various countries is propelling sales of traditional toys and games. Besides this, surging demand for technology-enabled educational toys and construction games will continue augmenting growth of the traditional toys and games market through 2031,” says an FMI analyst.

Key Takeaways:

Sales of construction games are expected to continue gaining traction over the assessment period.
Based on material, plastic traditional toys and games will continue dominating the market.
Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

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Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

As per FMI, top 5 players operating in the traditional toys and games market are anticipated to hold 10-15% of the total market share in 2021.

Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

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