Decorative Paints Market is likely to witness a growth of 4.3% CAGR during the coming assessment period of 2021 and 2031

The global decorative paints market is estimated to expand at a steady rate of 4.3% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Urbanization registered across developing economies will remain a chief driver of decorative paints sales.

The paints industry is gradually shifting away from traditional whitewash paints. The underlying focus on consumer centricity has been encouraging paints manufacturers to explore better quality alternatives. Consequently, the demand for low VOC and water based paints is on the rise.

The COVID-19 pandemic has impacted the global economy at various levels and the impact has also been seen on paints and coatings industry.  The decorative paints market growth is projected was negatively affected during the pandemic crisis, resulting in significant drop in demand during 2020 – 2021.

Nonetheless, recovery of construction activities and gradually surging demand in the real estate will create a conducive environment for the expansion of the decorative paints market.

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As per FMI, the East Asia market is expected to remain a key manufacturer as well as consumer of decorative paints owing to significant growth in the construction sector, especially in China. Backed by the aforementioned factors, the global decorative paints market is projected to top US$ 87.8 Bn by 2031.

“Local and foreign investments in the emerging economies of Asia for catering to construction demand have been increasing. This is in turn fuelling the demand for decorative paints. Consumption of decorative paints especially for interior applications will continue increasing as focus on improving interior décor grows across the globe,” says an FMI analyst.

Key Takeaways:

  • Water based decorative paints will replace the solvent based paints due to their comparatively better performance characteristics over the latter. The segment is expected to witness a growth 4.4% CAGR over the coming decade.
  • Interior application of decorative paints is projected to account for more than 75% of the market share in 2021 in Europe.
  • By formulations, emulsion segment is estimated to witness a year-on year growth of 3.7% in 2021.
  • Sales of decorative paints in the U.S. are estimated to grow by a CAGR of 4.3% during the assessment period.
  • India is expected to emerge as an attractive decorative paints market, with sales expected to grow by 5.2% CAGR over the coming decade.
  • China is expected to account for about 70% of the East Asia decorative paints market share in 2021.
  • Japan and South Korea to collectively account for about 8.8% of the total decorative paints industry share by 2021 end.

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Competitive Landscape         

Key participants in the global decorative paints market elaborated in the report includes Azko Nobel, Sherwin Williams Company, Asian Paints Ltd., Nippon Paints, Valspar Corporation, Jotun, BASF-SE, RPM International Inc., KANSAI Paints Co., Ltd. and Berger Paints.

The decorative paints industry is oligopolistic with a few big players constituting a larger portion of the sales. It also have higher barriers to entry in distribution networks and brand equity. Key players are focusing on mergers and acquisitions strategies to boost their market presence.

Some of them are even focusing on product development by investing a considerably in research and development. Others are focusing on increasing the production capacity to improve their annual turnover. For instance:

  • Eastman Chemical plans to invest for a significantly increase in its capacity to produce tertiary Decorative Paints (DIMLA) at its facility in Ghent, Belgium, by the end of 2021.

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More Insights into the Decorative Paints Market Report

In its latest report, FMI offers an unbiased analysis of the global decorative paints 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 product type (water based paints and solvent based paints), formulation (emulsion and distemper), applications (interior and exterior), sales channel (offline and online) and price (premium, medium and economical) across six regions (North America, Latin America, Europe, East Asia, South Asia and Pacific and Middle East & Africa).

Acrylic Fibre Market is projected to reach a value of US$ 6,197.82 Mn by 2026 end

Future Market Insights delivers key insights on the global acrylic fibre market in a new publication titled “Acrylic Fibre Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026”. Major demand for acrylic fibre is expected to come from Asia Pacific, Middle East & Africa, and Latin America over the forecast period and the global acrylic fibre market is projected to reach a market value of US$ 6,197.82 Mn by 2026 end, registering a CAGR of 3.6% over the forecast period.

The global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. As the demand for acrylic fibres is stagnant in the developed economies of North America and Western Europe, significant opportunity for growth in the global acrylic fibre market lies in the regions of APEJ, Latin America, and Middle East & Africa.

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Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-colour dyes in clear, bright and muted tones. They impart natural aesthetics to fabrics as opposed to their nylon and polyester counterparts. Also, acrylic fibres have excellent resistance to ultraviolet degradation, weak alkalis, and microbiological attack. Due to such physical, chemical, and thermo-biological characteristics, acrylic fibres are becoming popular in their use by blending with other materials such as wool, cotton, polyester etc. Moreover, acrylic fibres are used in various end-use industries such as apparels, home furnishing etc. With macroeconomic development of these end-use industries supported by regional GDP and population growth, the demand for acrylic fibres is further expected to increase, specifically in the Asia Pacific region over the coming years. In addition, sporadic supply of wool and cotton at a global level is pushing manufacturers to blend acrylic fibre with wool and cotton for use in the manufacture of products such as blankets, sweaters, etc.

Upswing in acrylic fibre raw material prices is forcing manufacturers across the globe to use its substitutes such as polyester, nylon, cellulose etc. for various applications. These substitutes have economic advantage over acrylic fibre due to better raw material availability, large scale production, and recyclability. Owing to this, acrylic fibre manufacturers across the globe are facing significant challenges to sustain in the market. Production units are terminating in developed regions such as U.S and Europe owing to strong inter-fibre competition, especially from polyester fibres. Moreover, U.S. and Europe are suffering under rising competition from Asian imports of acrylic fibre and its finished products. These factors are likely to restrain the growth of the global acrylic fibre market.

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Segmentation highlights

  • Global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. On the basis of dyeing method, the global acrylic fibre market is segmented into acid, gel, and undyed. The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period. The gel dyeing segment is estimated to dominate the global acrylic fibre market, with 56.5% market revenue share, valued at US $ 2,450.99 Mn by 2016 end.
  • On the basis of fibre form, the global acrylic fibre market is segmented into staple and filament. The staple fiber segment is estimated to dominate the global acrylic fiber market, with more than 61.37% market revenue share, valued at US $ 2,658.11 Mn by 2016 end.
  • On the basis of blending, the global acrylic fibre market is segmented into wool, cotton, and others. The cotton blending segment is anticipated to register a CAGR of 3.7% over the forecast period.
  • On the basis of end use, the global acrylic fibre market is segmented into apparels, home furnishing, industrial, and outdoor. The apparels end-use segment is projected to register a CAGR of 3.6% over the forecast period, creating significant incremental opportunity between 2016 and 2026.

Regional market projections

The global acrylic fibre market is segmented into seven key regions namely, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America, and Middle East & Africa. In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of 4.4% over the forecast period, while markets in Japan, U.S., and Europe are expected to register a below average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to growing use of acrylic fibre for various applications along with macroeconomic growth of a population driven textile industry in the region.

Vendor insights

Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd. Research and development is being carried out to improvise the properties of acrylic fibre by modifying its inherent characteristics. In order to compete with substitutes of acrylic fibre such as polyester and cellulose acetate fibres, key companies in the APEJ region have invested significantly in R&D initiatives.

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Key Segments Covered

By Fibre Form

  • Staple
  • Filament

By Dyeing Method

  • Acid
  • Gel
  • Undyed

By Blending

  • Wool
  • Cotton
  • Others

By End Use

  • Apparels
  • Home Furnishing
  • Industrial
  • Outdoor

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

Gel Implants Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Gel Implants Market Overview

According to latest research by FMI, gel implants will experience substantial growth with CAGR 3.1% during the forecast period 2021-2031. Increased demand for gel implants is expected to encounter due to the rising demand of cosmetology. Increasing awareness of cosmetology procedures is expected to present lucrative opportunities to the key players of this demand outlook in the near future.

What is Driving the Demand of the Gel Implants Market?

The main factors driving the growth of the gel implants market include the increased focus on physical appearance and the increasing availability of inexpensive silicone cohesive breast implants. In addition, the increasing prevalence of breast cancer and the availability of a wide range of breast implants are driving the growth of the market.

For instance, according to the America Society of Plastic Surgeons, it was estimated that approximately 1,93,073 breast augmentation surgeries were performed in 2020.

Silicone gel implants were highly preferred by all the women seeking breast augmentation surgeries since they have higher quality in terms of appearance and firmness as compared to saline ones. Thus, the increased preference of the target population is expected to increase the demand during the forecast period.

Breast augmentations are becoming increasingly popular in emerging markets. The main reasons for this are increased economic prosperity and disposable income amongst the working population, increased influence of the cosmetic and fashion industry, increased people’s awareness of the latest products and processes, and low business start-up costs.

The growing prevalence of breast cancer is another key driver that is anticipated to propel the growth of the gel implants market. According to WHO, in the year 2020, the number of diagnosed cases of breast cancer were a staggering 2.3 million, and around 685,000 deaths occurred due to breast cancer, globally.

The increasing prevalence of breast cancer has led to an increase in the number of women undergoing breast mastectomy, that is, breast augmentation. Surgical removal of one or both breasts, leading to more women undergoing breast augmentation. According to the American Society of Plastic Surgeons, approximately 36,367 women underwent breast augmentation surgeries as a preventative measure against breast cancer. Increased awareness amongst women about preventative procedures against cancer is another key driver of the gel implants market.

Prayasta: Using 3D Technology for Breast Augmentation

Bengaluru based start-up ‘Prayasta’ is reaching new heights in the breast augmentation industry. The company was established in 2017 and is developing a 3D printing technology to manufacture personalized breast implants for the target audience.

They have developed an in-house printer Silimax P250, from scratch to cater to the women who have to undergo mastectomy either due to suffering from breast cancer or as a preventative measure. The company wants to ensure the “one-to-one personalization” for all the women since every women’s body is different in structure, size, and shape so that they can provide the implant which is closest to its natural counterpart.

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U.S. and Canada Gel Implants Demand Outlook

U.S. and Canada regions hold a large chunk of the gel implants market. The reason for such a high market share is due to the increased awareness of breast cancer, which is leading to many women opting for preventive mastectomy procedures.

Increased popularity and adoption of gel implants due to the higher efficacy of cohesive gel implants is expected to fuel the growth of this demand in the forecast period in this region.

For instance, on October 20, 2021, Sientra, Inc. announced that they have collaborated with a nonprofit organization ‘Mission Plasticos’ dedicating their venture to provide reconstructive surgical care to medically underserved and needy communities around the world with their program “ Reshaping Lives: Full Circle”.

Europe Gel Implants Demand Outlook

Europe holds a moderately high share in the global gel implants market. Factors such as the rising occurrence of breast cancer in Europe and the rise in breast cosmetic operations are likely to boost the market’s growth.

On the other hand, due to the disadvantages of breast implants, such as scarring or rippling, the market is anticipated to suffer a negative impact. In Europe, breast augmentation is the most popular cosmetic operation.

For instance, in April 2019, The German Federal Cabinet announced the initiation of a digital implant register for all the German patients to ensure the safety of all the patients undergoing implant surgeries.

Who are the Key Manufacturers of Gel Implants?

The key manufacturers of gel implants are

  • Allergan Inc.
  • Arion Laboratories
  • Cereplas
  • Establishment Labs
  • Mentor Woldwide LLC (Johnson & Johnson Services Inc.)
  • GC Aesthetics PLC
  • Sientra Inc.
  • Groupe Sebbin SAS
  • Polytech Health & Aesthetics GmbH
  • HansBiomed Co Ltd.
  • Guangzhou Wanhe Plastic Materials
  • Ideal Implant
  • and Silimed.

On October 14, 2021, GC Aesthetics announced a new partnership with RepCa Medical, a Guatemalan distributor in Latin America. The partnership is aimed to provide their customers with the latest technology, quality, safety, innovation and support.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Gel Implants Market Report Highlights:

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

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

Key Segments:

By Type:

  • Cohesive Gel Implants
  • Highly Cohesive Gel Implants
  • Gummy Bear Gel Implants

By Shape:

  • Round
  • Anatomical
  • Tear drop

By Indication:

  • Cosmetic Surgery
  • Reconstruction Surgery
  • Preventive Surgery

By End-User:

  • Hospitals
  • Cosmetology Clinics
  • Ambulatory Surgical Centers

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Functional Electrical Stimulation Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Functional Electrical Stimulation Market Overview

According to the recent research by Future Market Insights, the functional electrical stimulation market is set to witness 8.6% growth during the forecast period from 2021 to 2031. The rising incidences of injury to the central nervous system lead to enhance functional electrical stimulation market during the forecast period from 2021 to 2031. Therefore, there will be significant growth seen in the functional electrical stimulation market.

What is Driving the Demand for Functional Electrical stimulation?

The functional electrical stimulation market is driven by various factors such as rising musculoskeletal disorders, advancement in the technological field such as medical science, the rising importance of pain management therapies in different fields of medicines, and the increasing number of physiotherapists for the disorders of muscle stimulators helps decrease pain, decrease discomfort, restore muscle tone, and rehabilitate various parts of the body.

Also, the unhealthy diet and lack of physical activities and exercise tend to drive the demand for functional electrical stimulation soon.

Rising Prevalence of Musculoskeletal Disorders Likely to Propel the Growth of Functional electrical stimulation Market

The prevalence of musculoskeletal disorders is rising globally due to unhealthy diet and lack of physical activity which leads to obesity and musculoskeletal disorders.

According to WHO data of February 2021, a total of 1.71 billion people were suffering from musculoskeletal conditions worldwide. Among which low back pain causes the highest burden with a prevalence of 568 million people suffering from the condition globally.

Thus, the demand for functional electrical stimulation will increase significantly with the increasing prevalence of musculoskeletal disorders shortly.

U.S. and Canada Functional Electrical Stimulation Market Outlook

Obesity is related to nervous system disorders and can lead to the condition of stroke also where the blood stops flowing to the brain. In America, the prevalence of obesity is rising due to changing lifestyles such as having unhealthy diet choices and changing sleep schedules.

For instance, according to CDC, the prevalence of obesity increases from 30.5% to 42.4% from 2000 to 2018.

Therefore, the demand for functional electrical stimulation will increase during the forecast period from 2021 to 2031.

Europe Demand Outlook for Functional Electrical Stimulation

The prevalence of the musculoskeletal disorder is high in the region that has a direct positive impact on the electrical stimulation market. For instance, Poland and Hungary are the two European countries with the highest prevalence of musculoskeletal disorder with 6,737 and 6,697 per 100,000 population respectively.

Thus, with the rising musculoskeletal disorder, the demand for functional electrical stimulation also rises in the region.

Who are the Key Manufacturers and Suppliers of Functional Electrical Stimulation?

The key players of functional electrical stimulation include HASOMED GmbH, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, and others.

The above companies follow certain strategies like merger & acquisition, getting FDA approval, and new product launches to be at the top position in the market. For instance, in May 2017, Ottobock collaborated with Bioness for the distribution of the new FES generation from Bioness.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Integrated Functional Electrical Stimulation Market Report Highlights:

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

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

Key Segments

By Product Type:

  • Wired Devices
  • Wireless Devices

By Indication:

  • Neurological Disorders
  • Pain Management
  • Musculoskeletal Disorders
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region:

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

Forage Seed Market is anticipated to expand at a CAGR of 8.4% in terms of volume during the forecast period

Future Market Insights (FMI) delivers key insights on the global forage seed market in its latest report titled “Forage Seed Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global forage seed market is anticipated to expand at a CAGR of 8.4% in terms of volume during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

On the basis of products, the market has been categorised into alfalfa, clover, chicory, ryegrass and others (including lablab, fescue, etc.). Alfalfa seeds segment was the largest contributor to the market in 2013, accounting for a market share of 27.0% in terms of value. The clover forage segment was the second largest revenue generator in the same year. Alfalfa plays an important role as a livestock forage. The demand for alfalfa is primarily driven by its high nutrient content (protein and energy) that helps improve: growth of livestock, maintenance, lactation and reproduction. In addition, alfalfa seeds are widely used for feeding dairy cattle with a view to enhance milk production globally. The clover seed segment of the global forage seed market was valued at USD 2,636.3 Mn in 2013 and is expected to expand at a CAGR of 7.9% in terms of revenue during the forecast period.

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The global forage seed market is expected to witness substantial growth during the forecast period. The forage seed market is primarily driven by growing demand for forage feed that is used to feed livestock. In addition, increasing global meat consumption and economic benefits derived from cultivation of forage seed have led to the further rise in demand for forage seeds globally. Apart from this, rising demand for organic meat in order to maintain a healthy lifestyle has been creating future growth opportunities for the forage seed market.

This report covers drivers, restraints and opportunities that are driving each segment and respective sub-segments of the market, and offers analysis and insights about the potential of the forage seed market in specific regions. Geographically, North America held the key market share of the forage seed market in 2013, accounting for 33.5% market share in terms of revenue. Market growth in this region is attributed to the increasing demand for weed-free forage products, fuelled by the expanding livestock population. Agricultural and livestock farmers are focusing on the use of good forage crops for feeding livestock. Therefore, demand for forage seeds is increasing in view of cultivating forage crops to meet the consumer needs in North America. In 2013, Europe held second largest market share followed by Asia Pacific and Rest of the World. Growing human population, increasing disposable income and urbanisation are playing an important role in increasing the demand for poultry meat and dairy products in Asia Pacific. Furthermore, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boost the growth of the forage seed market in Asia Pacific. The forage seed market in Asia Pacific was valued at 511,900 kilo tonnes in 2013 and is expected to expand at a CAGR of 10.3% during 2014-2020.

Key competitors covered in the report are Allied Seed, LLC, BASF SE, Dow AgroSciences LLC, S & W Seed Company, Germinal GB, Hancock Farm & Seed Co. Inc, Central Garden & Pet Company, Northstar Seed Ltd and Heritage Seed Company. These companies are involved in producing chicory seeds, turf grass seed, fescue, timothy grass and ryegrass, among others. In 2013, Allied Seed, LLC was the leading player in the forage seed market as it has a strong distribution channel and the company offers all the major forage seeds.

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Key Segments Covered

  • Forage seed Market
    • By Product Segment
      • Alfalfa
      • Clover
      • Ryegrass
      • Chicory
      • Others
    • By Livestock Type
      • Poultry
      • Cattle
      • Pork/Swine
      • Others

Key Regions/Countries Covered

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Scandinavia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific

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  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Medical Rehabilitation Robotics Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

As per a recent market analysis by Future Market Insights (FMI),  the global medical rehabilitation robotics market was valued at over US$ 264.0 Mn in 2020 and is projected to expand at a stupendous 15.9% CAGR over the forecast period.

Increasing development of robotic products and devices that have the ability to perform a wide array of tasks is propelling sales in the market. Surgical robots are developed for the purpose of assisting surgeons in operating on a varied range of procedures, which in turn is improving patient outcomes.

The designing and development of automated robotic models for rehabilitation and assistive services and applications have led to an advancement in disease recovery term. Rising awareness regarding the use of medical rehabilitation robotics for patients with disabilities, as well as for cognitive and behavioral disorders is spurring demand in the market.

The growth in rehabilitation therapy and integrated robotics has increased research and development activities associated with their applications in home-based settings. In comparison with clinical therapy, home therapy has the potential to augment standard care and enable a consistent treatment regime by increasing the frequency and duration of training sessions.

Carrying out rehabilitation services at home offers convenience and comfort. Growing preference for affordable, convenient, and time-saving robotic devices over other therapy devices in hospitals settings is expected to augment the growth of the market.

The development of medical rehabilitation robotics market is reliant on increasing healthcare spending, rising research and development activities, larger government-backed funding, and rising initiatives to promote the utility of rehabilitation robots

2016-2020 Medical Rehabilitation Robotics Market Overview Compared to 2021-2031 ForecastThe development in automation and robotic technology has surged in the last few years. Advances in automation and the development of medical robots have now penetrated into various fields of medicine, particularly in surgery and rehabilitation.

In comparison to conventional approaches, medical robotics have numerous  benefits such as enhanced diagnostics capabilities, minor incisions during surgery, greater precision, lower risks of infections, better patient outcomes with a reduced time for healing, and longer lifespan.

These products comprise automated systems that deliver therapeutic treatment to patients for improving their physical, social, and cognitive function; and support patients with chronic disabilities to resume their day to day activities with ease.

Rehabilitation therapies include upper-extremity movement therapies and lower-extremity movement therapies, communication-enabling for children with autism and exploration-enabling for children with cerebral palsy (CP) and other cognitive disabilities.

Various research organizations are investigating the procedures based on monitoring patient performance, endurance, and emotional state. Anticipating objectives related to patient movement and modelling internal states aides with the management of adaptive patient– robot interaction.

This method is expected to lead the way to a new generation of medical rehabilitation robotic devices with the incorporation of bio-cooperative controllers, in which, the psychophysiological and biomechanical data is utilized as feedback for updating robot control.

The applications for automated robotics are set to rise with improvements in materials, higher robustness, control software, and minimizing size of sensors and actuators which will allow design and modelling using mechatronics technology to improve the health of people with disabilities.

Driven by these factors, sales are poised to grow at a 15.9% CAGR, creating an incremental opportunity of US$ 54.8 Mn between 2021 and 2022.

medical rehabilitation robotics market

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Key Takeaways:

  • Based on product type, demand in the therapeutic/assistive products is expected to account for 71.8% of the total market share in 2031, growing at a 15.4% CAGR.
  • In terms of extremity, the upper extremity segment is expected to hold 54.8%of the total market share by 2031.
  • Sales in the limb motility segment are projected to grow at a 15.9% CAGR through 2031.
  • In terms of patient type, the adults segment held 86.9% of the total market share in 2020, and the trend is expected to continue over the forecast period.
  • Applications in the neurorehabilitation segment are projected to account for a substantial share in the global medical rehabilitation robotics market.
  • Rehabilitation centers held the largest value share of 47.7% in 2020. However, hospitals are expected to account for 36.9% of the total market share by 2031.

“The integration of automation and assistive technology in medical equipment, along with surging demand for artificial intelligence (AI) based robotics in rehabilitation centers will continue boosting the market over the forecast period,” says an FMI analyst.

Competition LandscapeLeading players operating in the market are investing in acquisitions, mergers, expansion, and the development of an extensive clinical pipeline to improve sales in the market. Besides this, players are expandingtheir product portfolios to increase their consumer base. For instance:

  • In October 2021, Fourier Intelligence was selected and awarded the Top 4 Leading Rehabilitation Technology Enterprise by KPMG and the China Association of Non-Public Health Institutions, co-organized by the Health Sector Strategy at an event that was held in Shanghai.
  • In December 2020, Anthrtonix DANA, a telehealth tool by AnthroTronix, was used at the Johns Hopkins Hospital to identify and monitor cognitive deficits and recovery of COVID-19 patients.

What Does the Report Cover?Future Market Insights offers a unique perspective and actionable insights on the medical rehabilitation robotics market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

The research study is based on the Product – (Exoskeletons and Therapeutic/ Assistive), Extremity- (Upper Extremity and Lower Extremity), Therapy Type (Limb Mobility, Gait and Sensory), Patient Type (Adult and Paediatric), Application (Neurorehabilitation, Physical Rehabilitation and Others) and End User (Hospitals, Wellness Centers, Rehabilitation Centers and Homecare) across seven key regions of the world.

Future Market Insights’ Expertise in Life Sciences and Transformational HealthOur expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.

Antioxidants Market Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries

Health benefits of consuming antioxidants have been witnessing an uptick in terms of awareness of consumers towards them. With every passing year, more consumers are being informed about the benefits of consuming antioxidants through food and beverages. Changing diet patterns of consumers and a significant rise in global meat consumption has further surged the demand for antioxidants. Some of the key advantages of consuming antioxidants include:

  • Counteracting the effects of free radicals produced naturally in our bodies
  • Different antioxidants can benefit different parts of the body; from eyes and heart to prostate and urinary tract
  • Protecting skin from photo-oxidation of UV rays
  • Supporting the immunity system by protecting cellular DNA and cell membranes from mutation

An exclusive research study by Future Market Insights projects that factors as such are observed to be the key drivers for the growth of the global antioxidants market. Their health benefits will drive their demand in the assessment period, 2014-2020, as the report projects a steady expansion of the global antioxidants market through 2020. During this forecast period, the report expects that increasing intake of antioxidants in optimizing one’s health and improving memory abilities will also serve as a proponent in driving the sales of products containing antioxidants.

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Key Companies in the Global Antioxidants MarketAccording to the report, companies namely, Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V., and Vitablend Nederland B.V. are observed to remain active in the expansion of the global antioxidants market through 2020. A majority of these producers will be striving the balance the negative effects of antioxidants consumption by boosting the health-benefitting properties of their products.

Recent Trends in Food Applications of AntioxidantsKey trends that will be influencing the use of antioxidants in the food and beverage industry have been analyzed in the report. They include:

  • Scientific developments in antioxidant action on lipids
  • Use of antioxidants as an antimicrobial agent
  • Hormone research studies proving the key role of antioxidants in protecting the membranes of tissues and cells
  • Growing use of emulsified oils in production of food products
  • Rising adoption of in-situ extraction
  • Increasing consumption of uncomminuted food such as roasted beef
  • Surging demand for pre-cooked frozen fast foods and freeze-dried foods, among others

Global Antioxidants Market: Segmental Analysis and Regional InsightsThe report projects that the demand for antioxidants will be greatly influenced by the changing undercurrents of the food and beverage industry. An extensive value chain analysis and opportunities assessment has been provided in the report to extend the reader’s knowledge on untapped growth potential of the global antioxidants market.

The global market for antioxidants has been segmented on the basis of type of antioxidants and region. With respect to the product-type, the demand for natural antioxidants over synthetic antioxidants is anticipated to remain significantly high through 2020. The report also projects that natural antioxidants will register the fastest revenue growth throughout the forecast period. On the basis of geographies, the global antioxidants market has been further segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is anticipated to represent the largest market for antioxidants. Robust growth in food & beverage industry, coupled with high meat consumption, will be driving the demand for antioxidants in the US and Canada. The APAC antioxidants market is also anticipated to remain lucrative for manufacturers through 2020.

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Key Segments Covered: Antioxidants MarketBy Product Segment

  • Natural Antioxidants
    • Rosemary extracts
    • Vitamin A
    • Vitamin C
    • Vitamin E
  • Synthetic Antioxidants
    • Butylated hydroxyanisole
    • Butylated hydroxytoluene
    • Others

Key Regions/Countries Covered: Antioxidants Market

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Scandinavia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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Cold Disposable Biopsy Forceps Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent study by Future Market Insights (FMI), the cold disposable biopsy forceps market is expected to witness high growth during the forecast period. The market value is slated to increase from US$ 505.1 Mn in 2020 to over US$ 1.2 Bn by 2031 at 8.4% CAGR over the forecast period (2021-2031).

The cold disposable biopsy forceps market will register high demand due the rising prevalence bronchitis and gastrointestinal disorders such as IBD and GERD among the geriatric population and the increasing awareness towards endoscopic procedures. There is also a rise in the adoption of disposable biopsy forceps that to be reliable for test sampling expects to gain popularity.

At present, the minimally-invasive technology, with the endoscope system at the core, has been extended to obstetrics, general surgery, otolaryngology, gynecology, thoracic surgery, urology, pediatrics, and other departments. Minimally-invasive endoscopic technology has become an indispensable technology for the diagnosis and treatment of chronic diseases associated with breathing, digestion, urology, otolaryngology, and so on.

With the rising demand for endoscopic minimally-invasive technology and continuous improvement in endoscopic processing technology, endoscopic applications have become prominent in almost all departments. The growing demand for diagnosis and endoscopic treatment is expected to further boost the demand for cold disposable biopsy forceps.

Numerous recent technological advances are becoming available to endoscopists. An abundance of new imaging modalities is expected to facilitate early detection of chronic disorders and other pathological entities. Most of these techniques remain investigational and are currently in clinical trials to determine patient benefits.

Companies are expanding their product lines by manufacturing different types of products for a wide range of applications.

For instance, Micro-Tech Endoscopy is mainly engaged in the R&D, manufacturing, and sales of minimally-invasive medical devices, in line with its mission of supporting clinicians with technology and innovation.

Sales Analysis of Cold Disposable Biopsy Forceps from 2016 to 2020 Vs Market Outlook for 2021 to 2031The cold disposable biopsy forceps market value stood at US$ 505.1 Mn in 2020. The global sales of cold disposable biopsy forceps accounts for nearly 8.8% of the overall biopsy devices market.

The demand in the market is expected to surge at a CAGR of 8.4% between 2021 and 2031 in comparison to the 4.8% CAGR registered during 2016-2020. This growth is highly associated with factors such as the growing healthcare expenditure and the growing demand for minimally invasive diagnostic and surgical endoscopic treatment.

The rising prevalence of gastrointestinal disorders and bronchitis have resulted in higher adoption of endoscopic procedures. This has further expressed propulsion for cold disposable biopsy forceps.

In the field of gastrointestinal endoscopy, the development of new devices and related programs has led to the advancement of diagnostic techniques at a significant rate, but direct tissue sample examination is still the most crucial and accurate diagnostic method. Hence, the nature of an endoscopic biopsy sample is important for a successful tissue diagnosis.

The primary idea of biopsy forceps has not changed much; however, several types of biopsy forceps with various materials and designs are widely used. Growing focus on expanding research and development capabilities in the field of endoscopy have been supported by approvals and launches through key players and the regulatory authorities have led to innovative breakthroughs in the market.

Additionally, the rise in healthcare spending and funding associated with favorable reimbursement have led the manufacturers to invest in the medical device field. This has resulted in increased adoption of disposable biopsy forceps market in coming years.

The market is expected to expand at a considerable growth rate over the next ten years at a CAGR close to 8.4% and offer an absolute $ opportunity of US$ 42.9 Mn from 2021 to 2022.

 cold disposable biopsy forceps market

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Key Takeaways from Cold Disposable Biopsy Forceps Market Study

  • Oval cup forceps gained popularity and their sales are expected to grow at a CAGR of 8.8% during the forecast period.
  • 2.8 mm diameter have sharpened cups whch ensure superior cutting performance and lead to fewer artefacts and less bleeding. The segment is therefore expected to account for a share of 24.9% in 2021.
  • 2300 mm length forceps has precise jaws, no tearing and cause small wound. The segment accounted for the highest share of 37.9% in 2021.
  • Upper GI Endoscopy dominated the application segment with the highest market share of 24.9% in 2021.
  • Hospitals accounted for the largest share of around 42.0% in 2021 and will remain the end user in the market.

“High prevalence of conditions such as IBD and GERD and growing demand for minimally invasive endoscopic procedures are set to boost the demand for cold disposable biopsy forceps market over the next decade,” says the Future Market Insights analyst.

Who is winning?The key players are focusing on acquisitions and partnerships with small players and suppliers to increase their market presence. Besides this, they are adopting various strategies to expand their footprint. For instance:

iIn April 2018, Boston Scientific Corporation closed its acquisition of NxThera. The company developed a minimally-invasive therapy the Rezūm system, for patients suffering from symptomatic benign prostatic hyperplasia. With the completion of the acquisition, NxThera became a part of Boston Scientific’s urology and pelvic health business. Moreover, the manufacturers are focusing on research and development activities for developing cold disposable biopsy forceps for various research applications.

In july 2020, ChargePoint and STERIS collaborated to develop a fully validated sterile transfer solution to offer a unique and integrated solution for sterile product transfer.

Some of the leading players in the cold disposable biopsy forceps market include but are not limited to Olympus Corporation, Boston Scientific Corporation, STERIS, CONMED Corporation, Cook Medical, Micro-Tech Endoscopy, Anrei Medical and other companies.

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 cold disposable biopsy forceps market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The cold disposable biopsy forceps market is segmented into six parts based on product (oval cup, oval cup with needle, alligator jaw, alligator jaw with needle) based on diameter (1.2mm, 1.8mm, 2.0mm, 2.4mm, 2.8mm, 3.7mm) based on length (1150 mm, 1550 mm, 2300 mm), based on application (enteroscopy, upper GI endoscopy, lower GI endoscopy, bronchoscopy and others, based on end user (hospitals, ambulatory surgical centers specialty clinics, diagnostic laboratories, and cancer research institutes) and across seven major regions.

Key Market Segments Covered in Cold Disposable Biopsy Forceps Industry ResearchBy Product:

  • Oval Cup
  • Oval Cup with Needle
  • Alligator Jaw
  • Alligator Jaw with Needle

By Diameter Size:

  • 1.2mm
  • 1.8mm
  • 2.0mm
  • 2.4mm
  • 2.8mm
  • 3.7mm

By Length:

  • 1150mm
  • 1550mm
  • 2300mm

By Application:

  • Enteroscopy
  • Upper GI Endoscopy
  • Lower GI Endoscopy
  • Bronchoscopy
  • Others

By End User:

  • Enteroscopy
  • Upper GI Endoscopy
  • Lower GI Endoscopy
  • Bronchoscopy
  • Others

By Region:

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

Food Preservatives Market Key Players – BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/S, Corbion N.V., DuPont, JEY’S F.I. Inc

Future Market Insights (FMI) delivers key insights on the global food preservatives market in its latest report titled “Food Preservatives Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global food preservatives market is anticipated to expand at a CAGR of 3.5% in terms of value during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

On the basis of application, the market has been categorized into bakery, beverages, dairy and milk products, meat and poultry and sea food, and others. The meat, poultry and sea food segment has dominated the food preservatives market over the years, since these food products are an integral part of human food habits. Manufacturers use food preservatives in these products to: extend shelf life, meet the continuous demand and increase production of processed food. The meat, poultry and sea food segment is expected to dominate the food preservatives market in the coming years, though the market is expected to fall from share of 27.9% in 2013 to 27.3% in 2020 in value terms. The food preservatives market used in other products, such as oil and fat, jams and syrup among others, is expected to expand at a CAGR of 4.1% in value terms from 2014 to 2020.

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Growth of the global food preservatives market is majorly driven by increasing demand for food products with extended shelf life. In addition, widening distribution channels and increasing demand for natural and organic food are some of the other factors contributing towards the market growth. High demand for processed foods and increasing awareness about food safety is driving the global food preservatives market currently. Synthetic is presently the fastest growing segment of the global food preservatives market. Healthy eating trends and preferences for quality food are fuelling the demand for food preservatives globally.

This report covers drivers, restraints and opportunities that are driving each segment and respective sub-segments of the market, and offers analysis and insights about the potential of the food preservatives market in specific regions. By region, the global food preservatives market was dominated by North America, which held the largest value share of 36.5% of the food preservatives market in 2013, and the region is expected to maintain its dominance in the coming years as well. Currently, manufacturers use preservatives during food processing to prevent spoilage during transportation and to increase the shelf life of foods. The market is witnessing growth due to changing eating patterns and busy lifestyles. Asia Pacific is currently the second largest market for food preservatives after North America. Food preservatives are used for various purposes, including chelating agents and anti-spoilage. In addition, food preservatives are also used as shelf life enhancers, antioxidants and antimicrobials, and enzyme attackers. Increasing demand and trade of food products worldwide is fuelling the Asia Pacific food preservatives market currently. Increasing demand for bakery products, beverages, meat and dairy products is creating a positive impact on the food preservatives market. Changing lifestyles and food patterns are also driving the Asian food preservatives market currently.

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Key competitors covered in the report are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/S, Corbion N.V., DuPont, JEY’S F.I. Inc, Kerry Group, Koninklijke DSM N.V and The Archer Daniels Midland Company. These companies are focusing on developing new products and improving the quality of their existing products through research and development activities. The manufacturers are also focusing on geographical expansion in order to gain a competitive advantage.

Key Segments Covered

  • Food Preservatives Market
    • By Product Segment
      • Natural
      • Synthetic
    • By Function Segment
      • Antimicrobial
      • Antioxidants
      • Others
    • By Application
      • Dairy and milk products
      • Meat, poultry and sea food products
      • Bakery products
      • Beverages products
      • Others

 Key Regions/Countries Covered

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Scandinavia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific

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  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Plasma Separation Tubes Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent study by Future Market Insights (FMI), sales in the plasma separation tubes market are expected to top US$ 466.6 Mn in 2021. The market is likely to register a CAGR of over 6.5% during the forecast period, from 2021 to 2031.

Plasma present in a human blood is one of the convenient sources which can circulate biomarkers. The antibodies, antigens and foreign nucleic acid present in plasma, help to diagnose a variety of serious infectious diseases including cancer, Alzheimer’s, and those caused due to Zika or Ebola virus during outbreaks.

As per The Lancet’s 2020 report on the global burden of diseases 2019, which was led by the Institute of Health Metrics & Evaluation analyzed more than 286 causes of death and stated that around 204 countries across the globe were affected by nearly 369 kinds of diseases and injuries associated with more than 80 risk factors. Global crisis due to chronic diseases and related risk factors have left a large number of population at a higher risk and vulnerable to acute health emergencies like in COVID-19 cases.

High prevalence of diseases together with growing researches into development of novel products like miniaturized versions of plasma separation tubes is expected to give opportunity for the market players to invest and grow in the future.

Plasma separation tubes products portfolio involves EDTA tubes, lithium heparin tubes and sodium heparin tubes. There is a growing demand from healthcare sector for advances in developing systems which can help plasma separation from blood without affecting its yield or purity while avoiding variability due to hemolysis.

The centrifugation process thus plays an important role to alleviate such issues. This in turn has increased the demand for tubes for plasma separation.  The increasing ageing population world-wide together with improved healthcare infrastructure, rising investment towards healthcare expansion by governments, and investments in research and developments are expected to stimulate growth in the plasma separation tube market.

2021-2031 Plasma Separation Tubes Market Outlook Compared to 2016-2020According to Future Market Insights (FMI), the sales of plasma separation tubes have grown at a CAGR of 4.2 % between 2016 and 2020. Plasma separation tubes market has seen an incremental growth and is expected to gain from increasing demand for various types of diagnostic testing.

The growing burden of diseases has compelled people to undertake regular health checkups, while many corporates are also encouraging these checkups to check on the wellbeing of their employees.

Since the primary mode of detecting and diagnosing a disease includes performing a blood test and analyzing the components of the blood, the role of plasma separation tubes is of utmost importance.

The need for centrifugation tubes for plasma separationis largely driven by rising cases of diseases and increasing number of diagnostics and testing centers. These factors also will propel the plasma separation tubes market.

Future Market Insights (FMI) has forecast the the global market to grow at a CAGR of 6.5% in terms of market value over the forecast period by 2031.

plasma separation tubes market charachteristics and attributes with regional relevence 2021

Key takeaways from Plasma Separation Tubes Market study

  • By product, EDTA tubes comprise the most lucrative segment. Demand for EDTA tubes will grow at a CAGR of more than 7.2% over 2021-2031.
  • By material, PET/Plastic tubes will lead the market in the forecast period growing at CAGR of 6.7%.
  • By application, routine chemistry will dominate the market with more than 34% of the share in 2031.
  • By end user, diagnostic laboratories segment is leading the market and expected to hold more than 46% of revenue share over the forecast period.
  • Europe will dominate the global plasma separation tubes market in terms of revenue in 2021, followed by East Asia.
  • China holds lead in in East Asia and is expected to account for nearly 66% of market share by 2031.

“With competition expected to soar in the coming years, market players are expected to shift focus towards expansion of their portfolio. Besides investment in advanced product development, some are expected to emphasize on mergers and acquisitions to strengthen their global footprint,” said a FMI analyst.

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Who is winning?Some of the leading manufacturers of plasma separation tubes are focusing on innovative and strong product portfolio management, increased investment in research and development, online & offline engagement and partnerships as growth strategies, in order to enhance their market presence.

  • In June 2018, Poly Medicure acquired Plan 1 Health S.R.L., one of the prominent medical device player operating in Italy. This acquisition will help company to expand its geographical reach as well as enhance its portfolio in the medical device industry region. Further, as per agreement, Plan 1 Health S.R. L. will now operate as a subsidiary of Poly Medicure B.V, and indirect subsidiary of Poly Medicure Limited.
  • In June 2021, Sekisui Medical acquired Veredus Laboratories Pte.Ltd., a testing company based out of Singapore. This acquisition enabled the company to strengthen their presence in the Asian economies
  • In March 2018, BD upgraded its instruction for its BD Vacutainer tubes as a part of its quality process, which ensures appropriate use of these tubes
  • In Oct 2018, Aptaca introduced VacuAptaca series for its vacuum collection blood and urine devices

The key market players covered includes Becton, Dickinson, & Company, Greiner Bio-One GmbH, Guangzhou Improve Medical Instruments Co.,Ltd, AB Medical, Inc., SARSTEDT AG & Co. KG, Cardinal Health, Poly Medicure Ltd, FL Medical , InterVac Technology, CHENGDU RICH SCIENCE INDUSTRY CO., LTD., Zhejiang Gongdong Medical Technology Co., Ltd., Aptaca Spa., Hindustan syringes & Medical Devices.

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 plasma separation tubes market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on plasma separation tubes segment based on Product (EDTA tubes, lithium heparin tubes and sodium heparin tubes), by material (PET/Plastic and glass), by application (routine chemistry, serology & immunology, blood typing, blood sugar assay , molecular genetics, others), end user (diagnostic laboratories, hospitals & clinics, research & academic institutes, veterinary hospitals & clinics) across seven major regions.