Transcutaneous Monitors Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

Transcutaneous Monitors Market to grow at nearly 4.5% CAGR. North America is expected to hold a significant share in the market. Segmented by Application Type (Wound Healing, Blood Gas Monitoring, Respiratory Care, Sleep Diagnostics), End User and Geography. Due to the technological advancement in multichannel monitors, demand for multipara, multichannel transcutaneous monitors is increasing day by day. Despite channel limitations and lack of technological advancements, single channel transcutaneous monitors are likely to garner significant traction in developing countries, in the view of relatively large difference in price as compared to multi-channel transcutaneous monitors.

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Stakeholders in the transcutaneous monitors market are showing a palpable duality in their approach – in addition to increasing the sales of multi-channel monitors in high income countries, manufacturers are likely to tap into opportunities in price sensitive countries by offering low-cost yet significantly efficient products, according to the FMI analyst.

transcutaneous monitors market snapshot

Multichannel Transcutaneous Monitors to Show Higher Opportunities for New Players

In recent years, the transcutaneous monitors market has been witnessing significant growth, on the back of wide availability of advanced and multi-channel transcutaneous monitors for patient monitoring. The multi-channel transcutaneous monitors involve simultaneous measurement of the ECG, brain functioning, blood gas measurement, and haemoglobin level.
Due to rising demand for technologically advanced medical devices, healthcare professionals are giving more priority to buy multichannel transcutaneous monitors. As compared to single-channel transcutaneous monitors, multichannel transcutaneous monitors are fast and provide accurate results. Companies, in the transcutaneous monitors market, are launching products with longer battery life and benchtop portability. Such factors are thus expected to enhance the growth of the transcutaneous monitors market in coming years.

Market Players to Make Two-Fold Investments in APAC  

The APAC region has more demand for the transcutaneous monitors, due to growing number of hospitals and rising regional government initiatives towards public healthcare program. In the APAC region, South Asian countries including India have more number of hospitals. The mounting number of hospitals is expected to create additional demand for transcutaneous monitors in the future. In addition, growing number of local market players operating in countries such as China is expected to intensify the competition in the transcutaneous monitors market in the coming years.

The transcutaneous monitors market is expected to continue sustaining high demand for multichannel transcutaneous monitors, finds the report. As per FMI’s study, significant sales opportunities for the transcutaneous monitors market players are expected in the APAC & Latin America, owing to robust development in healthcare sectors along with favourable government policies for reduced cost of treatment. Also, there are opportunities in the APAC transcutaneous monitors market for new players, including tax exemption for the first three years.

FMI completed a deep study on transcutaneous monitors by keeping the breadline view in mind about the market CAGR and value share analysis. During the transcutaneous monitors market study, we also studied the top manufacturers’ differential strategies & supply chain parameters. The giant players such as Masimo & Danaher Corporation are focusing on enhancing their product portfolios through the launch of new technology in the transcutaneous monitors market and patented technology in the patient monitoring field. These developmental activities implemented by the top players will remain key to gaining distinct competitive edge in the market.

According to the report, the manufacturer are targeted towards innovations in the continuous patient monitoring field. Some innovations include the overnight patient transcutaneous gas monitors and auto-sleep mode patient monitors. They are the latest monitors with longer battery life and wireless capacity. Some monitors can further work on the smartphone-based application which can help monitor remote-based patients. For the neonate’s care, companies are launching the transcutaneous monitors with gold plated sensors compatibility and better accuracy.

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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 Transcutaneous Monitors 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

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Mobile Application Market value of USD 96,128.2 million by 2026, expanding at a CAGR of 9.6% during the forecast period

[267 pages Report] History of mobile applications comprises key milestones such as origin & prediction of the “mobile application” concept, the home screen era, services for mobile application, and information application approach. Inclination of urban population towards smartphones and mobile apps is greater than rural population. Moreover urban population is increasing rapidly which in turn is driving the global mobile applications market. The introduction to 4G and the rise in demand for 4G devices. Moreover internet penetration is growing in rural areas at a faster rate. This has necessitated increase in production of smartphones with cost reduction which is adding to the growth of global mobile applications market.

Growing mobile ad industry, expanding e-Commerce, soaring smartphone market and growing adoption of Long Term Evolution (LTE) devices are some of the factors fuelling the growth of mobile applications market across the globe. The LTE devices, in particular, are anticipated to witness stellar growth in adoption owing to increasing demand for high speed data connectivity and growing mobile data traffic.

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According to a study by Future Market Insights (FMI) titled, “Mobile Application Market: Global Industry Analysis and Opportunity Assessment, 2016 to 2026”, the global market for mobile applications in 2016 was valued at US $38,589.1Mn and is projected to register an impressive 9.6% CAGR during the forecast period, 2016 to 2026, to obtain a market value of US $96,128.2 million by 2026 end. The report enlists leading market players of mobile applications such as Google Inc., Microsoft and Apple Inc., among which Google Inc. stood dominant and held the highest share in the global mobile applications market in 2016. Other prominent companies include Cognizant, CA, SAP SE, HP, Samsung Electronics Co, Ltd., China Mobile Ltd., Opera Software and Others.

According to FMI’s report, the Google Play is estimated to register highest CAGR during the forecast period whereas the Apple App Store is expected to garner revenues worth more than US $45,000 million by 2026 end, based on store type. More than 44% revenue share of the global mobile applications market is expected to be accounted by games segment, based on end-use. However, travel industry is expected to witness fastest growth at 11% CAGR over the forecast period.

APEJ is estimated to exhibit the fastest CAGR in the overall market accounting for more than US $41,800 million during the forecast period, followed by Eastern Europe and Latin America. However, North America and Western Europe are also expected to remain lucrative in terms of revenue share until the end of 2026. North America and Western Europe are poised to generate revenue worth US $14,979.4 Mn and US $15,597 Mn respectively by the end of 2026 in the global mobile application market.

Global Mobile Application Market: SegmentationBy Store Type

  • Apple App Store
  • Google Play
  • Others

By End Use

  • Games
  • Media & Entertainment
  • Healthcare
  • Education
  • Travel
  • Shopping
  • Others

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By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ excl. Japan
  • Japan
  • MEA

Gastroesophageal Reflux Disease Devices Market Will Observe Just-Over 4% CAGR Over 2018-2028

Exceeding the revenue of US$ 1 billion in 2018, the global sales of gastroesophageal disease devices will witness a steady over 4% CAGR during 2018-2028. As indicated in a new intelligence outlook of Future Market Insights (FMI), esphagoscopes and gastroscopes will continue to account for most of the sales. Adoption of gastroesophageal reflux disease devices will remain maximum for diagnostic procedures, followed by fundoplication procedures.

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Besides the rapid expansion of geriatric population and elevating prevalence rate of obesity-driven gastroeasophageal reflux diseases, FMI in a new study states that the frequent intake of asthma medications is also a strong impact factor associated with the growth of gastroesophageal reflux disease devices market.

Although industry experts recommend lifestyle modifications as the most suitable remedy for gastroesophageal diseases, the growing demand for surgeries for obesity will continue to drive sales of gastroesophageal disease devices in coming years.

The second line of treatment for gastroesophageal reflux disease includes proton pump inhibitors (PPI) therapy, which can reduce the usage of gastroesophageal reflux disease devices. Proton pump inhibitors are the drugs that regulate acid production within stomach, and thereby restrict gastroesophageal reflux.

However, the proven side effects and functional failure of proton pump inhibitors in the long run will continue to benefit the demand for surgical treatment of gastroesophageal reflux disease, favoring the overall sales of gastroesophageal reflux disease devices such as PH monitoring system and manometry system.

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Diagnostic Centers & Private Clinics to Employ More GERD Devices

While a majority of adoption of gastroesophageal reflux disease devices prevails in hospitals, the constantly increasing number of establishments in the ambulatory surgical center and diagnostic center segments is likely to translate into a higher rate of adoption of gastroesophageal reflux disease devices within the latter two.

With the number of diagnostic centers and private practice clinics on the constant rise, it is more likely that the demand for gastroesophageal reflux disease devices will observe steady growth over the years to come. Towards the end of forecast period, global market value share of clinics and diagnostic centers will be more than 35%, as suggested by FMI’s analysis of the gastroesophageal reflux disease devices market.

Key GERD Device Manufacturers Eyeing New Product Launches

The report tracks some of the key companies operating in the Gastroesophageal Reflux Disease Devices market, such as Olympus Corporation, Pentax Medical, Medtronic Plc., Diversatek Inc. The report also tracks the key manufacturers operating in gastroesophageal reflux disease treatment devices, such as EndoGastric Solutions, Medigus Ltd., Torax Medical, Inc. and Mederi RF, Inc.

A majority of key manufacturers of gastroesophageal reflux disease devices are emphasizing new product launches. Innovation of new and advanced products is in turn shaping the growth of gastroesophageal reflux disease devices market.

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According to the report findings,

  • Olympus Corporation and Pentax Medical hold the maximum company share in the gastroesophageal reflux disease devices market.
  • Olympus Corporation recently launched an advanced version of esophagoscope and gastroscope.
  • Plc. and Diversatek, Inc. are the key players of diagnostic devices for gastroesophageal reflux disease, contributing a significant share in overall gastroesophageal reflux disease devices market.
  • EsophyX Z is the new and advanced version of EsophyX gastroesophageal reflux disease device, used for the transoral incisionless fundoplication process.

Apple Accessories Market Key Players – 3M, Bose Corporation, Western Digital Corporation (SanDisk), Logitech, Otter Products, LLC., Decoded

The global Apple accessories market is expected to grow at 4.8% CAGR over the forecast period, 2016-2020. Demand is expected to remain strong in China, where rapid adoption of smartphones, combined with an increasing preference towards the ‘Apple’ brand is pushing sales. The market in China is expected to grow at 8.5% CAGR through the forecast period. Globally, the demand for Apple accessories is expected to be positively influenced by the growing BYOD trend.

Weak distribution channels in emerging markets have remained a longstanding challenge for manufacturers. However, popularity of e-commerce and focus on creating alternative distribution channels have positively impacted Apple accessories sales in emerging markets. The steady growth in these markets is expected to offset weak demand in developed markets of the U.S. and Europe.

Apple accessories sales in Asia will be driven by rising popularity of e-commerce websites and apps. As is the case in Asia, steady e-commerce sales are driving Apple accessories sales in Brazil and Russia. These factors will contribute to the overall growth of the global market.

Future Market Insights identifies that undefined standards in terms of components and technology have led to price and product differentiation. Moreover, widespread availability of counterfeit and pirated products offered at a fraction of the original price in various developing countries can significantly inhibit demand for Apple accessories.

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apple accessories market

The Future Market Insights report reveals that iPhone screen guards will continue to be the most-sought after accessory among consumers. iPad cases and iPad screen guards are expected to remain the other lucrative product types. Collectively, these three product segments accounted for over 50% revenue share of the global market in 2016, and the status quo will remain unchanged throughout the forecast period. Among these product types, iPad cases segment will only witness an increase in its revenue share by 2020.

North America will continue to be the most lucrative market, with the US leading total sales. The North America Apple accessories market was valued at US$ 1.93 Bn in 2016, with the US accounting for US$ 1.38 Bn in revenues. Future Market Insights projects the North America market revenues to increase at a CAGR of 4% CAGR through 2020. The report further reveals that the Apple accessories market in Europe is predicted to register a CAGR of 4.0% in the span of next four years. However, the Apple accessories market in South East Asia is expected to witness relatively sluggish growth by the end of 2020.

3M, Bose Corporation, Western Digital Corporation (SanDisk), Logitech, Otter Products, LLC., Decoded, Adobe, Bang & Olufsen, Incase and ACCO (Kensington Computer Products Group) are the key manufacturers operating in the Apple accessories market globally.

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Apple Accessories Market: SegmentationBy Product Type

  • Beats Audio
  • Watch Accessories
  • iPhone Cases
  • App-enabled Accessories
  • Audio Accessories
  • iPad Cases
  • Power & Cable
  • iPhone Screen Guard
  • iPad Screen Guard
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Greater China
  • Middle East
  • Southeast Asia
  • Southwest Asia
  • CIS
  • Africa
  • Japan

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Pressure Infusion Bags Market Research Report 2022 – Global Forecast till 2029

A new market research report by Future Market Insights on the pressure infusion bags market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report investigates the pressure infusion bags market and provides critical insights for the forecast period of 2022 -2029. As per the findings of the report, the global pressure infusion bags market is projected to experience significant growth over the forecast period due to multiple driving factors such as increasing emergency and transfusion cases and development of healthcare infrastructure across geographies.

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The global pressure infusion bags market was valued at ~US$ 300 Mn in 2021, and is expected to increase at a CAGR of ~6.5% during the forecast period of 2022-2029. This growth is majorly driven by the increasing use of pressure infusion bags for rapid infusion of blood and drugs, in order to protect the end organ damage during traumatic conditions.

pressure infusion bags market

The overall progress of the healthcare sector and infrastructure in MEA and Asia-Pacific are likely to unfold lucrative opportunities for market players operating in the pressure infusion bags market. In addition, manufacturers are expected to primarily focus on developing cost-effective and user-friendly bags in the coming years. 

South Asia Continues to Hold Lucrative Opportunities

Regions such as North America and East Asia are expected to hold prominent market shares in terms of value. However, the South Asia market is expected to project lucrative growth in the global pressure infusion bags market over the forecast period of 2022-2029.

This growth is propelled by the rapid growth and development of healthcare infrastructure, especially trauma care units, intensive care units and ambulatory surgical centers in countries of South Asia that include India and ASEAN countries. The economic condition of these countries have been developing positively, thereby creating newer growth opportunities for the market players.

Macroeconomic factors such as growing population, increasing immunosuppressed patient population, and increase in the number of players along with strong distribution network and rapid development in the healthcare infrastructure have attracted the attention of manufactures to establish a firm collaboration with local distributors in South Asia.

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Hospitals and Outpatient Facilities Remain Key End Users for Pressure Infusion Bags

The global market of pressure infusion bags has been segmented on the basis of different types of pressure infusion bags products, their multiple applications, their volume capacity, their material, their targeted indications and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

  • By type, the disposable type of pressure infusion bags segment is expected to hold prominent value shares of the global pressure infusion bags market. This has majorly resulted to avoid and minimizing chances of cross contamination during fluid infusion and ensures the patient safety
  • On the basis of application, the blood and drug infusion segment is expected to consume majority share of the global pressure infusion bags market value. Invasive Pressure monitoring procedures is the second application which account the remaining market share.

Pressure Infusion Bags Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global pressure infusion bags market. Some of the examples of key players in the global pressure infusion bags market are VBM Medizintechnik GmbH, ERKA, Smiths Medical (Smiths Group plc.), Friedrich Bosch GmbH & Co. KG, Biegler GmbH, SARSTEDT AG & Co. KG. Vyaire Medical Inc., Spengler SAS, Armstrong Medical, SunMed and Statcorp Medical

Pressure Infusion Bags Market by Category

By Product:

  • Reusable Pressure Infusion Bags
  • Disposable Pressure Infusion Bags

By Material:

  • Nylon
  • Polyurethane
  • Latex
  • Others

By Capacity:

  • 500cc
  • 1000cc
  • 3000cc
  • Above 3000cc

 By Application:

  • Blood & Drug Infusion
  • Invasive Pressure Monitoring Procedure

By Indications:

  • Trauma-Induced Haemorrhage
  • Obstetric Haemorrhage
  • Coagulopathy during cardiopulmonary bypass

By End User:

  • Hospitals
  • Out-patient facilities
  • Clinics
  • Long-term care centers

By Region:

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

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Key Questions Answered in the Report

  • How much is the Pressure Infusion Bags Market currently worth?
  • Which are the top 7 leading companies in Pressure Infusion Bags Market?

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Electrical Steel Coatings Market Analysis by Size, Share, Growth, Trends up to 2026

Growing adoption of large power transformers in heavy industries as well as residential sectors is driving the sales of electrical steel coatings. Particularly in developed countries, a majority of electrical steel coatings are used for manufacturing the core of such transformers. Higher surface insulation resistance and thermal stability are some of the key advantages that promote the use of electrical steel coatings in such applications. Future Market Insights recently published its report on the global market for electrical steel coatings, excerpts from which also indicate how increasing sales of hybrid cars and EVs are factoring the growth in demand for electrical steel coatings. According to the report, the global electrical steel coatings market is presently valued at US$ 211.9 Mn, and is expected to expand at 5.3% CAGR to reach US$ 353.6 Mn by the end of 2024.

Apart from their use in manufacturing large power transformers, and motors of hybrid cars and EVs, electrical steel coatings are also gaining applicability in energy conservation measures. Eco-friendly production of various electrical equipment has necessitated the use of electrical steel coatings, especially for spiking energy efficiency of such equipment. While the global electrical steel coating revenues are projected to grow at a steady pace, the market is estimated to witness downtrend in terms of global consumption. Decreasing end-use sales of electrical steel coatings among potential buyers is said to impact the global consumption count, which recorded sales of 34,563 tonnes of electrical steel coatings in 2016.

In the report, titled “Electrical Steel Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the demand for electrical steel coatings has been projected to be considerably high in the Asia-Pacific excluding Japan (APEJ) region. By the end of 2026, the APEJ electrical steel coatings market is expected to dominate by accounting for US$ 150 Mn revenues. While the region will register fastest revenue growth, Western Europe’s electrical steel coatings market is also predicted to grow robustly. Moreover, Japan’s electrical steel coating revenues will also soar at an impressive CAGR of 4.6%.

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US-based Axalta Coating Systems Ltd. is being profiled as one of the largest manufacturers & supplier of electrical steel coatings in the world. Companies such as AK Steel Holding Corporation, Proto Laminations Inc. and Polaris Laser Laminations, LLC are also contributing towards consolidation of electrical steel coatings market in North America. The global electrical steel coatings market will witness significant participation from APEJ companies such as Wuhan Iron & Steel (GROUP) Corp., and Filtra Catalyst and Chemicals Ltd., as well as Japan’s JFE Steel Corporation. World’s leading steel manufacturer, ArcelorMittal SA, is also partaking in the growth of global electrical steel coatings market. Other companies profiled in this report include, thyssenkrupp AG, Rembrandtin Lack GmbH Ngf. KG, Cogent Power Limited, and Chemetall GmbH.

Electrical Steel Coatings Market

Key highlights of the report on global electrical steel coating market include:

  • Development of water-based semi-inorganic coatings is slated to revolutionise the global electrical steel coating market.
  • More than three-fourth of global electrical steel coating revenues arise from sales of C5 coatings.
  • By 2026-end, nearly 80% of global electrical steel coating market value will be accounted by chrome-free coating materials
  • In 2016, more than US$ 140 Mn worth of electrical steel coatings were globally consumed for non-grain-oriented applications.
  • Over the forecast period, automotive motors will be remain as the most prominent end-use of electrical steel coatings in the world.

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Table of Content

  1. Executive Summary
  2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

  1. Electrical Steel Coating Market Analysis Scenario

3.1. Product Overview

3.2 Research Process Overview

3.3. Regional Pricing Analysis

3.4. Global Electrical Steel Coating Market Forecast, 2016-2026

3.4.1. Market Scenario Forecast

3.4.2. Market Outlook

3.4.3. Absolute $ Opportunity

3.5. Market Overview

3.5.1. Value Chain

3.5.2. Profitability Margins

3.5.3. List of Active Participants

3.5.3.1. Raw Material

3.5.3.2. Manufacturers

3.5.3.3. End product users

  1. Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.3. Restraints

4.4. Opportunity

4.5. Regulations

4.6. Regional Trends

4.7. Forecast Factors – Relevance and Impact

Endoscopic Ultrasound Needles Market Is Envisaged To Record A CAGR Of Over 4.5% Between 2017 And 2025

The endoscopic ultrasound needles market is witnessing the advent of wide range of products including technological advancements in FNA and FNB for solid lesions. Endoscopic ultrasound have gained wide acceptance among surgeons as minimally invasive procedure along with EUS guided needles as the safe and minimally invasive method driving endoscopic ultrasound needles market growth.

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According to the latest study by Future Market Insights (FMI), the endoscopic ultrasound needles market is expected to reach nearly US$ 405.0 million by 2025 end. Although, other methods are also viable, however, the specimens collected or diagnosis done using endoscopic ultrasound needles provides histological and cytological studies of the organ affected.

Manufacturers in the endoscopic ultrasound needles market are focusing on new product launches for more precise diagnosis of tissues collected using needles. Gaining a greater share in the endoscopic ultrasound needles market with diverse portfolio is one of the key strategies of leading players. As per the report, companies in the endoscopic ultrasound needles market are also focusing on collaborating for development and distribution of advanced endoscopic ultrasound needle products. Key players in endoscopic ultrasound needles market are focusing on new product development in emerging regions including Latin America and Asia Pacific owing to the increasing prevalence of cancer and other chronic diseases.

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Endoscopic Ultrasound-Guided Fine Needle Aspiration to Gain Popularity with Rise in Gastrointestinal Diseases

According to the FMI report, Endoscopic Ultrasound-Guided Fine Needle Aspiration (EUS-FNA) is likely to account for largest share in the endoscopic ultrasound needles market. EUS-FNA gaining popularity for the diagnosis of gastrointestinal diseases and peri-gastrointestinal lesions. The wide application of FNA has also accelerated the growth in the endoscopic ultrasound needles market.

With the growing demand for minimally invasive procedures, doctors and surgeons are using EUS combined with FNA to collect sample fluid and tissue from chest and abdomen for diagnosis. It has also emerged as an alternative to exploratory procedure.

Meanwhile, in recent years studies conducted on Endoscopic Ultrasound-Guided Fine Needle Biopsy (EUS-FNB) have shown some promising results. As per the FMI study on endoscopic ultrasound needles market, FNB is emerging as the novel tool in diagnosis by providing information on tissue architecture.

However, FNB needles are more expensive as compared to FNA needles. Although the initial results of FNB are encouraging, more robust evidence are required to prove its superiority over FNA in endoscopic ultrasound needles market.

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Endoscopic Ultrasound Needles to be used on a Large Scale by Ambulatory Surgical Centres

As per the study, ambulatory surgical centres will use endoscopic ultrasound needles on a large scale owing to the rise in number of these centres and increasing number of endoscopic ultrasound surgeries performed in ambulatory surgical centres. Being the minimally invasive and non-surgical procedure that can be performed through colon or upper GI tract, ambulatory surgical centers are gaining traction in the endoscopic ultrasound needles market.

Moreover, endoscopic ultrasound is generally considered safe when performed at ambulatory surgical centres with expert healthcare team. Various healthcare organisations are building ambulatory surgical centres within the premises in the healthcare facility offering wide range of services with technological advancements to achieve economies of scale. Increasing number of ambulatory surgical centers are offering safe, cost-effective services, especially for gastroenterology, thereby, driving the demand in the endoscopic ultrasound needles market.

According to the study, the rise in adoption of endoscopic ultrasound needles in gastroenterology is expected to accelerate the demand for enteral endoscopic ultrasound needles in the coming years.

Electroplating Market Share and Growth Factors Impact Analysis 2031

Future Market Insights (FMI) in a new study predicts the electroplating market to exhibit 3.6% Y-o-Y growth in 2021. Electroplating has become a vital application in a number of industries such as electronics, automotive, and machinery parts & components, due to its indispensable characteristics of corrosion resistance.

Rapid industrialization, coupled with high disposable income in developing countries, is fuelling the demand in the automotive, electronics, and jewelry industry, which in turn has been creating opportunities for electroplating applications. According to the report, the global electroplating market is projected to rise at a CAGR of ~4.3% during the forecast period of 2021-2031, reaching a market value of ~US$ 25 Bn by 2031.

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While the growth projections for electroplating market continues to be strong during the forecast period, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain in demand. Closure of manufacturing units and supply chain networks due to shutdowns in a number of countries is expected to affect the consumption of Electroplating in key industries like electronics, automotive and aerospace & defense. However the market is expected to recover in year 2021.

Among various industries exhibiting demand, the automotive and electrical and electronics segment will continue accounting for the lion’s share. Of these, the automotive segment is expected to maintain dominance, accounting for above 34% of electroplating sales through 2031.

Key Takeaways from Electroplating Market Study

  • Electroplating market will continue exhibiting growth after a temporary period of lull in 2020. It is likely to exhibit 4.3% CAGR between 2021 and 2031
  • US holds 81.6% of North America market in 2021 and outlook remains positive
  • UK will register a growth of 2.8% Y-o-Y in 2021
  • Germany and France will continue exhibiting steady growth
  • JAPAN and Korea will continue to be a bright spot, yet China will hold dominance in East Asia

 “With small manufacturers eating into the market share, global players are looking into ways to improve margins by engaging in more B2C sales through collaboration with large scale end users”– says FMI analyst

Electroplating Market: Participant Insights                                              

Key global players in the Electroplating market, like Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd, Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., are focused on establishing partnerships with automotive OEMs, machinery equipment providers and electronic companies to form long term supply contracts. Manufacturers also are focusing on innovations to gain competitive advantage. For instance, Fischer has launched an innovative laser technology to improve plastic electroplating.

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To Know More about Electroplating Market:

A recent market study published by Future Market Insights (FMI) on the global Electroplating market report offers insights into the consumption scenario of Electroplating on both global and regional level. The report analyses the Electroplating market demand through three segments – plating metal, substrate, function, and end-use, across six regions. The Electroplating report also offers key insights into key growth drivers by end use, major competitors across application, manufacturer margins, and import/export scenario, along with COVID impact analysis on the market demand trend.

Organoids Market 2022 | Present Scenario and Growth Prospects 2031

Organoids are three-dimensional (3D) structures that resemble mammalian organs and are made from stem cells. As per a study by Future Market Insights (FMI), the global organoids market is estimated to reachUS$ 44.2 Mn in 2021.

As new platforms for quicker drug development and improved model structures for assessing drug efficacy and toxicity, organoids have the potential to be transformative.Traditional drug discovery approaches are less important and inadequate to keep up with the rapid pace of life science advancements. Organoids are projected to exhibit increasing sales within the drug discovery industry.

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The demand for cutting-edge preclinical testing methods has increased as a result of advances in drug therapies such as personalized treatments and expanding medical research to identify new advance medicines.Organoids also are used to shortlist possible drug molecules and remove the remainder by considering ‘in-vitro’ conditions that are somewhat close to natural environmental conditions.

According to the International Federation of Pharmaceutical Manufacturers and Societies, preclinical research accounts for about 22% of the overall cost of drug production. The use of organoids in drug development shortens the process and saves money, resulting in a greater demand for organoids.

In terms of product, intestinal organoids are expected to register high demand, accounting for over 36% of sales in the market. While application of organoids is expected to be considerably high in bio banking.

Key Takeaways from Organoids Market Study

  • The organoids market will exhibit solid growth, registering above 14% CAGR between 2021 and 2031
  • The expansion of pharmaceutical sector and investment in research initiatives will enable the U.S. account for over 95% sales in North America
  • The U.K. will emerge as the leading market, exhibiting above 20% y-o-y growth in 2021
  • Germany and France are expected to emerge as other lucrative markets within the U.K.
  • China will remain a leading market for organoids in East Asia, however, the Japan market will register a slightly higher rate of growth

“Capability of 3D-organoid cultures to mimic organ functionality as well as increasing adoption of the organoid technology for use in a range of applications, including genetic mutation and other is expected to drive the growth of Organoids market” says the FMI Analyst

Funding for life science research and investments in Organoids products to expand various projects and personnel employedis the major factor expected to boost the organoids market growth.

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For instance, the total amount of research grants awarded by the National Institutes of Health (NIH) in the U.S. exceeded US$ $251 million over five years (2015 to 2019).

Key players in the Organoids are Entering into Strategic Alliance

The top players are focusing on expanding their business footprint through acquisitions. Acquisitions provide the company with strong foot hold of new products, buyer suppliers relationship, and new geographic horizons to tap the market potential. The key manufacturers aretargeting towardsacquiring well-known products and technologies that are expected to have a successful revenue stream. This also helps the business to grow into new emerging markets while also developing existing ones.

For instance, in September 2020,a Memorandum of Understanding (MoU) was signed by BGI-Qingdao and Ubrecht Organoid Technology (HUB) to develop a joint Next Generation Diagnostics (NGD) centre in China to improve personalised care, better treatments and cures, and faster development of new safe medicines.HUB and BGI will combine their complementary skills and technologies to further improve and incorporate HUB Organoid Technology as predictive diagnostic tests, allowing for reliable patient-specific treatment response prediction, initially with a focus on cancer.

As a result of increased emphasis on oncological research and increased R&D spending, the global organoids market is expected to expand over the forecast period. Organoids market is highly competitive exhibiting the presence of several players. Because of the high capital investment required to build an Organoids manufacturing facility, pharmaceutical companies are increasingly looking to outsource the process.The key market players covered by FMI include STEMCELL Technologies Inc., Cellesce Ltd., DefiniGEN, Qgel, Hubrecht Organoid Technology, OcellO B.V.consolidating their positions through mergers, acquisitions and new product launches.

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Cotinine Screening Devices Market 2022 Development Status, Competition Analysis, Type and Application 2029

According to a new market research report by Future Market Insights, the global cotinine screening devices market was valued at ~US$ 429.9 Mn in 2021, and is expected to increase at a CAGR of ~4.7% during the forecast period of 2022-2029. The report scrutinizes the cotinine screening devices market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global cotinine screening devices market is projected to experience a significant growth over the forecast period, which will be set in motion by a slew of factors such as growing focus on ‘value-driven’ healthcare services and high demand for effective screening techniques.

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Stakeholders are leveraging newer technologies to offer non-invasive diagnosis, reliability of the screening devices, as well as testing at desired location, in an attempt to align with the trend of convenience, according to the FMI analyst.

cotinine screening devices market

Developing Markets to Reflect New Growth Possibilities

Regions such as North America and Europe are expected to hold prominent market share in terms of value. However, developing markets are expected to project lucrative growth in the global cotinine screening devices market in the forecast period of 2022-2029. The exponential rise in workplace screening is one of the key drivers laying new growth alleys for manufacturers of cotinine screening devices to reap benefits from. The economic and technological parity of developing regions with the developed ones is another chief factor estimated to generate steady sales revenue for market players of cotinine screening devices.

Furthermore, rising level of awareness and adoption of products useful in smoking cessation programs is further upholding the lucrativeness of developing markets such as China, India and Brazil. The factors such as growing prevalence of smoking, screening employees for illicit drugs, sporting events, and deciding the health plan premium are anticipated to surge the sales of cotinine screening devices in developing counties.

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The burgeoning middle-class population along with multiple compliances created for recruitment in the armed forces are anticipated to increase the potential use cases of cotinine screening devices in 2022 and beyond. The contract manufacturing services available in developing markets coupled with cheap labor force are expected to boost the investment and attractiveness quotient of developing countries, making them no less than hotbeds of opportunities for growth.

End Users to Show Marked Preferences for Cassettes

By device type, the cassettes are expected to hold prominent value shares of the global cotinine screening devices market. This has majorly resulted from the cost effectiveness, ease of screening, quick detection, and portability of these compact cotinine screening devices. The report features the prominent players in the cotinine screening devices market, whose success has been riding on their strong portfolios and regional presence.

The global cotinine screening devices market is significantly consolidated with a chunk of players commanding prominent shares of the market. These players are offering cotinine screening devices under their popular brands such as Accutest®, ALERE ISCREEN®, Reditest®, QuickProfile™, NicCheck™ I, DrugCheck® SalivaScan™, TobacAlert®, among others.  Mergers and acquisitions will remain one of the key part of the growth & expansion strategies of cotinine screening devices market players, with an extensive emphasis on creating newer business models as well as distribution channels.

Cotinine Screening Devices Market, By Category

Device Type

  • Cassettes
  • Strips
  • Reader

By Sample Type

  • Blood Sample
  • Urine Sample
  • Saliva Sample

By End-User

  • Hospitals
  • Laboratories
  • Clinics
  • Workplace Screening Centers

By Region

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

Key Questions Answered in the Report

  • What are cotinine screening devices?
  • Which device dominates the global cotinine screening devices market?

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Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com