How Increasing Road Accidents is Spurring Growth of Orthotic Devices, Casts, and Splints Market: Future Market Insights Report Analyzes

FMI states in its recent study on the orthotic-devices casts and splints market that the market will record a CAGR of 5.4% through 2030. Demand for Orthotic Devices, Casts, and Splints is anticipated to continue surging due to the rise in accidents in recreational and professional sporting events.

According to the study, the orthotic devices, casts, and splints market growth has dipped as a result of prioritization of COVID-19 care. Decrease in hospital visits has also led to a decrease in demand.

The authors of the study are confident of a recovery in 2021, however, demand is not likely to be as strong as pre-COVID levels. To sustain growth in a sluggish landscape, manufacturers will need to bank of innovative offerings, according to the study.

Through customized products are being provided, new entrants need to look into the core expertise asked for by the patients.‘ says the FMI analyst.

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Orthotic Devices, Casts, and Splints Market – Important Highlights

  • In the US and Europe, fiberglass casts and splints are gaining popularity.
  • Collectively, North America and Europe account for over 60 percent of the market share.
  • According to FMI, Asia Pacific, due to strong demand from China and India, is projected to rise at the fastest rate.

Orthotic Devices, Casts, and Splints Market – Drivers

  • A major driver of the industry has remained the rise in the number of injuries sustained due to road accidents, as well as during recreational and professional sporting events.
  • Favorable government policies and investments in the healthcare sector are anticipated to contribute to the growth of the market.
  • Increase of osteoporosis and osteoarthritis in the forecast period to strengthen the demand
  • Innovation, with 3D printing to catalyze the process, is a key growth engine in developing countries.
  • The rapid increase in cardiac diseases is one of the key drivers of the market.

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Orthotic Devices, Casts, and Splints Market – Restraints

  • Castings in rural areas are used by inadequately trained medical attendants and nurses. This could lead to issues because the pain on the part of patients could be greater, causing hindrance in the growth of the market.
  • High medical costs are anticipated to remain a market restraint during the forecast era.

COVID-19 Impact on Orthotic Devices, Casts and Splints Market

After the outbreak of Covid-19, demand for orthotic devices, casts, and splints has experienced a decline in demand as there has been a decrease in hospital visits due to a decrease in the number of road mishaps and sports events. The pandemic has led to a decrease in the patient’s flow in the hospitals, and doctor chambers. As the attention of health care services changes to emergency COVID-19 care, treatment is de-prioritized for other illnesses and injuries. However, this is estimated to be a temporary effect and the market is expected to have a turnaround with the stabilization of the economy.

Competitive Landscape

The Orthotic Devices, Casts, and Splints market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Factors such as ongoing technical advances, increasing the number of individuals suffering from orthopedic illnesses, sports injuries, and also the need for robot-assisted and minimally invasive techniques provide significant opportunities for the development

Some of the prominent players listed in the global Orthotic Devices, Casts, and Splints market are Fillauer LLC, ComfortFit Orthotic Labs Inc., Hanger Inc, Amfit Inc., BSN Medical, Össur Hf, Prime Medical, Ascent Meditech Ltd.

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Key Trends & Market Dynamics

1.3. Industry Evolution

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Key Regulations

4.3. Orthotic Devices for Injury Prevention

5. COVID19 Crisis Analysis

5.1. Current COVID19 Statistics

5.2. Current GDP Projection and Probable Impact

6. Global Orthotic Devices, Casts and Splints Market Demand Analysis 2015-2019 and Forecast, 2020-2030

6.1. Historical Market Volume (Units) Analysis, 2015-2019

6.2. Current and Future Market Volume (Units) Projections, 2020-2030

6.3. Y-o-Y Growth Trend Analysis

About the Study

The study offers readers a comprehensive assessment of the Orthotic Devices, Casts, and Splints market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Casting Supplies & Equipment, Orthotics), distribution channel ( Institutional Sales, Hospitals, Orthopedic Clinics, Nursing Facilities, Retail Sales, Online Sales, Retail Pharmacies, Drug Stores) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Flatback Tapes Market is expected to witness a CAGR of 5.8% from 2017 to 2027

Future Market Insights (FMI) has published a new report on flatback tapes. The report has been titled “Flatback Tapes Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” The report states that faltback tapes have very limited applications as these tapes are mostly used in sectors such as automotive, paper industry, electronics, and packaging. Flatback tapes have smooth paper backing (which is not creped). Creped tapes are a different form of tapes altogether and they have a larger application base as compared to flatback tapes.

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Rubber, acrylic, silicon are commonly used as adhesives. The thickness of the tape varies from 2.5 Mil to 15 Mil. These tapes possess high basis weight, so they can withstand high loads. These tapes are hand tear-able, which makes the manufacturing process simpler and convenient. These tapes have large thickness compared to crepe tapes, but very little elongation, from 2% to 4% mostly. Flatback tapes are commonly used in splicing, packaging and masking applications. Manufacturers are trying to innovate flatback tapes so that they can increase its application base.

For instance, in April 2016, the 3M Company introduced a hand tear masking tape under the brand name ‘Scotch Blue PLATINUM’ for painting applications and better performance. Along this line, in July 2016, Intertape Polymer Group Inc. launched ultra-thin washi paper backed moisture resistant masking tape under the brand name FineLine for achieving better performance while painting.

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The other companies operating in the market are Shurtape Technologies LLC, tesa SE Group, Nitto Denko Corp, Scapa Group plc. and Pro Tapes & Specialties, Inc., among several others. According to the report, the global flatback tapes market is expected to witness a CAGR of 5.8% from 2017 to 2027. The market was worth US$ 858.1 Mn in 2017 and is expected to touch a valuation of US$ 1,505.1 Mn by the end of 2027.

Returning Confidence of Consumers in Retail to Boost Global Market Growth

Regional optimism is rising in North America and Western Europe; is decreasing in regions such as Latin America and the Middle East & Africa; and holds steady in Asia Pacific. India, Brazil, and China represent the highest consumer confidence. The revival of consumer confidence is aiding in the growth of the automotive, FMCG, electronics, and other industries, where flatback tapes are used for the purpose of splicing, sealing, tabbing and masking applications.

The flatback tapes market is moderately correlated with these end use industries as it follows the dynamics of these industries. Countries in Asia Pacific such as India, Indonesia, Philippines, China, Thailand and Honk Kong represent the highest consumer confidence due to high annual GDP growth rates and improving lifestyles of the people. Some countries in MEA such as UAE and Saudi Arabia also represent considerable consumer confidence in their markets.

Flatback tapes are made from paper material, which is biodegradable and highly recyclable. The rising intolerance towards plastic is favouring the demand for flatback tapes. Substitute products for flatback tapes are largely made of plastic, which are expected to create landfill issues. Thereby, implementation of regulations pertaining to environment friendliness, plastic usage and waste dumping in manufacturing industries and other businesses is influencing consumers to choose paper backed tapes such as flatback tapes.

Thickness to Turn out to be a Hindering Factor in the Global Flatback Tapes Market

Flatback tapes have high basis weight compared to crepe paper tapes. This results in higher strength, thickness and low elongation. However, the thickness makes it unfit for majority of applications like carton sealing where the application area includes sharp edges or flexible surfaces. Due to the high strength and low elongation, flatback tapes are easily tear-able by hand. Tear strength is the main area of concern in flatback tapes resulting in a slowdown in the market’s growth.

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Global Refrigeration Compressor Market Share by 2027: Upcoming Trends and Analysis

Refrigeration can be defined as the process of heat removal from a substance or an enclosed space for the purpose of reducing the temperature. A refrigeration compressor is a basic and crucial part of the refrigeration system. It makes use of compression to increase the temperature of low pressure gas and remove vapor from the evaporator. The performance of a refrigeration system depends upon the performance of the refrigeration compressor.

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Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

Despite steadily evolving technology, it is still necessary to perform regular maintenance of refrigeration compressors; otherwise they may fail and cause huge losses. The use of refrigeration systems has resulted in the expulsion of many harmful gases into the environment, which is a major challenge for market players in the refrigeration compressor market. Companies have to abide by various stringent laws and regulations while manufacturing refrigeration compressors, without compromising the efficiency of the latter. These are some of the restraints identified in the global refrigeration market.

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Regional analysis includes:

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

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

By Segmentation

The global refrigeration compressor market can be segmented on the basis of the type of compressor, application, refrigerant used and industry.

On the basis of type of compressor, the global refrigeration compressor market is segmented as:

  • Reciprocating compressor
  • Screw compressor
  • Centrifugal compressor
  • Rotary compressor
  • Scroll Compressor
  • Others

On the basis of application, the global refrigeration compressor market is segmented as:

  • Domestic
  • Commercial

On the basis of refrigerant used, the global refrigeration compressor market is segmented as:

  • CO2
  • R290
  • R410A
  • Others

On the basis of type of industry, the global refrigeration compressor market is segmented as:

  • Food and beverages
  • Logistics and transportation
  • Chemical
  • Pharmaceutical
  • Automobile
  • Other

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Market Participants

Examples of some of the market participants in the global refrigeration compressor market identified across the value chain include:

  • Bitzer SE
  • Emerson Electric Co.
  • Dorin S.p.A.
  • Embraco
  • Mitsubishi Electric Corporation
  • Frascold SpA
  • GMCC Company
  • Fusheng Co. Ltd.
  • Hanbell Precise Machinery Co. Ltd.
  • Huayi Compressor Barcelona S.L.
  • Danfoss
  • Mayekawa Mfg. Co. Ltd.
  • Panasonic Corporation of North America
  • Torad Engineering
  • Rechi Precision Co., Ltd.
  • Tecumseh Products Company LLC
  • Ramco (India)

 

Confectionery Packaging Market: Plastic Expected to be the Most Preferred Material Type During the Forecast Period

Emerging markets such as India, China, and Africa etc. provide a huge growth potential for confectionery products. Africa is expected to showcase second fastest growth rate in terms of consumption for confectionery packaging after Asia-Pacific.

This region is also witnessing an inflow of foreign investment in manufacturing of confectionery products. South Africa is expected to exhibit progress in terms of income levels, further supporting the strong economic prospects of the African region.

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As per the assessment of Future Market Insights, the global confectionery packaging market was estimated to be valued at nearly US$ 9,200 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 13,200 Mn in 2027 and in the process exhibit a CAGR of 3.7% during the period of forecast 2017-2027.

Anthropomorphic Packaging to Leverage Consumer Appeal Towards Characters in Popular Culture Trending the North America Regional Market

Incorporating anthropomorphic designs of attractive and popular characters into packaging has enabled sweets and candy brands to attract children and fans of such popular characters. Building candy packs in the shape of fictional characters help marketers to leverage the trending popularity of these fictional characters in attracting fans into buying these candies. The trend of anthropomorphic packaging is prevalent in markets with a considerable adoption of popular culture like comics, action and adventure movies and other famous fictional characters. Local as well as international manufacturers of confectionery products regularly develop products in the shape of trending characters and source packaging that suits the shape of such products.

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Global Confectionery Packaging Market: Competitive Landscape

In this report, some of the key players functioning in the global confectionery packaging market have been profiled, which include players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., Berry Global, Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings B.V., Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.

Market Taxonomy

By Confectionery Type

  • Chocolate Confectionery
    • Courtlines
    • Slabs/bars/blocks
    • Boxed assortments
    • Tablets
    • Chocolate with toys
    • Others
  • Sugar Confectionery
    • Gums, Jellies & Pastilles
    • Medicated confectionery
    • Mints
    • Boiled sweets
    • Toffees, caramels
    • Lollipops
    • Other sugar confectionery
  • Gums
    • Chewing gum
    • Bubble gum

By Material Type

  • Plastic
  • Paper & Paperboard
  • Metal
  • Aluminum Foil
  • Glass

By Packaging Form

  • Flexible Packaging
    • Wrappers
    • Stick-packs & Sachets
    • Liners
    • Pouches
  • Rigid Packaging
    • Folding Cartons
    • Corrugated Boxes
    • Trays
    • Containers(metal, plastic and glass)

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Self-Testing Market to Reach Market Valuation of USD 11 bn by 2030 as COVID-19 Crisis Fuels Adoption

As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.5% amid the forecast period, 2020-2030.

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

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Self -Testing Market – Major Takeaways

  • The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
  • By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
  • Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
  • Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

  • Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
  • Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
  • Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

  • North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
  • The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
  • East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

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Self- Testing Market – Taxonomy

Product

  • Digital Monitoring Instruments
  • Midstreams
  • Cassettes
  • Cups
  • Strips
  • Test Panels
  • Dip Cards
  • Others

Application

  • Pregnancy & Fertility Testing
  • Blood Glucose Testing
  • STD/ STI Testing
  • Cancer Testing
  • Cholesterol Testing
  • Drug of Abuse Testing
  • Thyroid Testing
  • HIV Testing
  • Others

Sample

  • Blood
  • Urine
  • Stool
  • Saliva
  • Semen
  • Vaginal Swab

Distribution Channel

  • Drug Stores
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Online Pharmacies

Regional Outlook:

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

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Get Valuable Insights into the Self Testing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global self testing market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the self testing market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period

Fungal Testing Kits Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2030

Growing prevalence of superficial and systemic fungal infections have posed a significant challenge to healthcare providers across the world. Increasing prevalence of fungal infections of the skin, vagina and blood have prompted vendors to concentrate on developing swift and advanced molecular diagnostics in recent years.

Techniques such as real-time testing have led to massive proliferation of the fungal testing kits market, with technologies such as loop mediated isothermal amplification coming to the forefront. Molecular diagnostic based tests have immensely assisted in administering timely treatment to severely infected patients, thereby reducing fatalities.

In light of these developments, ESOMAR-certified consulting firm Future Market Insights opines that the global fungal testing kits market will reach US$ 3.4 Bn by 2030, registering an incremental opportunity worth US$ 2.1 Bn throughout the forecast period.

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Fungal Testing Kits Market- Key Takeaways

  • Widening expenditure on healthcare infrastructure to uplift demand across Asia-Pacific
  • Molecular detection tests to tower over others, reaching US$ 1.6 Bn by 2030
  • Skin samples are anticipated to capture the lion’s share, accounting for over 40% of the market
  • Medical diagnosis to remain core application area, generating an attractiveness index of 2.8

COVID-19 Impact Insights

The novel coronavirus pandemic has led the entire world into doldrums. With a massive uncertainty looming large over people’s heads, a major economic downturn is on the cards. In spite of this, the healthcare industry remains stoic, committed to eradicate the pandemic as soon as possible.

Future Market Insights projects the fungal testing kits market to register minor shortfalls in the short-term, pegging the slowdown to a rate of 1.1%. Short-term supply crunches were experienced in the initial months, attributed to logistical curbs. However, online marketing helped restore the growth trajectory.

Recent studies have concluded that demand for fungal testing kits are anticipated to surge due to rising cases of COVID-19 associated pulmonary aspergillosis (CAPA). Thus, a minor setback is expected for the market in the short-run, after which projections are expected to return to normal.

Competitive Intelligence

Prominent players include Merck KGaA, Thermo Fisher Scientific, bioMerieux SA, ELITech Group, PerkinElmer Inc., GenMark Diagnostics Inc., Norgen Biotek, C.P.M Diagnostic Research SAS, Biomed Diagnostics Inc., PCRmax, F. Hoffman La-Roche Ltd., Hologic Inc and Bioquochem. The market appears to be fairly fragmented in nature.

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Why Future Market Insights?

  •   Comprehensive analysis on evolving purchase pattern across different geographies
  •   Detailed insights of market segments and sub-segments for historical as well as forecast period
  •   A competitive analysis of prominent players and emerging players in the keyword market
  •   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Read More Insights from Healthcare Industry:

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https://www.marketwatch.com/press-release/ambulatory-surgical-centres-market-is-projected-to-be-valued-at-us-1130467-million-during-2017-2027-2021-11-10

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Automated Cell Culture Systems Market expected to witness a CAGR of 8% through 2030

As per FMI – an ESOMAR-certified market research firm, the automated cell culture systems market will showcase a CAGR of 8% over the forecast period, 2020-2030.

High-throughput screening technology has turned out to be the need of the hour, especially with large number of biological/chemical compounds being tested to target a particular ailment. As such, leveraging automation and robotics for quick testing of biochemical or biological activities is bound to drive the automated cell culture systems market.

Besides, 3D cell cultures, which were cumbersome and costly earlier, have become feasible, owing to advent of spheroids. Also, they imitate tumors better due to hypoxic core and presence of nutrient gradient.

Researchers in the US and Germany have come up with a protocol to grow 3D cultures of generally used cancer cells to facilitate drug screenings. These factors will continue to put North America and Europe at the top pedestal in the automated cell culture systems market.

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Further, requirement of cell lines for devising vaccines against COVID-19 infection will augur well for the automated cell culture market in spite of the pandemic-induced economic downturn.

Automated Cell Culture Systems Market Outlook & Key Findings

  • Automated cell culture systems market is expected to witness a CAGR of 8% through 2030
  • Growing applications of cell lines in drug discovery to be a key growth driver
  • Consumables to hold more than 60% of market value owing to ever-increasing research in stem cells and oncology
  • North America to capture more than 40% of market value and is expected to witness a CAGR of 6% through 2030
  • Biotech companies  to remain prominent end user throughout the forecast period

Key Takeaways from Automated Cell Culture Systems Market

  • Consumables are expected to reach US$ 11 Bn by 2030
  • Academic institutes are expected to take greater interests in research related to cell culture over the forecast period due to increased government funding in developed countries
  • North America and Europe collectively accounted for more than 60% of market share in 2019
  • Infinite cell line cultures held close to 75% of market share in 2019

“Advancements in technology, coupled with large-scale applications in cell-based drug delivery and drug discovery, are projected to drive the global automated cell culture systems market” – says the FMI analyst.

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New Product Launches to Remain Key Strategic Focus of Market Players

Players in automated cell culture systems market are focusing on new product launches for expanding their global footprint and strengthening product portfolio.

For instance –

  • In Jun 2020, faCellitate announced launching “BIOFLOAT”, its very first product to improve 3D cell culture.
  • In Mar 2020, BioProcess International started implementing single-use miniature bioreactors for supporting intensified cell culture by using functional performance indicators for assessing small-scale model
  • Corning Incorporated, in Oct 2019, came up with Corning Elplasia Plates and Matrigel for organoid culture. It was an addition to its 3D cell culture portfolio
  • Ori Biotech has started developing an automated way of manufacturing cell and gene therapies
  • In May, 2020, Sartorius announced launch of the Incucyte SX5® for live-cell analysis, for live-cell analysis experiments

Automated Cell Culture Systems Market: Competitive Insights

The global automated cell culture systems market is set to expand its scope in the forecast period, stimulated by increasing drug discovery research and diverse applications of cell lines in research purposes. Furthermore, automated cell culture systems are used for experiments in drug discovery research and in cell banking process. In addition, cost effectiveness and rise in alternative methods for traditional cell culture production is augmenting the adoption of automated cell culture systems.

Key market players covered in the market include Thermo Fisher Scientific, Corning Incorporated, Merck KGaA, Lonza, Sartorius AG, Tecan Trading AG, Hamilton Medical AG., Biospherix and Promocell GmbH.  Key players integrate their positions through acquisitions, mergers and new product launches.

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The study provides compelling insights on automated cell culture systems market on basis of product type (automated cell culture storage equipment, automated cell culture vessels, bioreactors and consumables), cell culture type (finite cell line cultures, infinite cell line cultures), application (drug development, stem cell research, regenerative medicine and cancer research) and end user (biotech companies, research organizations, academic institutes), and across seven major regions.

Physiotherapy Equipment Market Key Players – DJO Global, Enraf-Nonius, Kindred Healthcare, Inc., Select Medical, Concentra Operating Corporation, BTL Industries

The increasing levels of physical inactivity is leading to various problems such as frozen joints, muscle degeneration, sprains and strains have compounded, necessitating the need for physiotherapy. Additionally, rising incidences of road and sports accidents is acting as a catalyst for increasing the number of physiotherapy procedures.

[300 Pages Report] According to FMI, the global physiotherapy equipment market is set to expand at a CAGR of 7.2% during 2020-2030. Rising geriatric population, combined with heightened levels of physical inactivity among the younger population is inducing several orthopedic and muscular disorders. Over 1 billion people worldwide lead extremely sedentary lifestyles according to the WHO.

Based on these trends, manufacturers are concentrating on introducing technologically advanced products and introducing them into the market at highly competitive prices. Additionally, specific nature of injuries is prompting them to dole out specific products. Majority of the players are scrambling to acquire a footing across emerging economies.

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Physiotherapy Equipment Market Study- Key Findings

Ultrasound physiotherapy equipment shall tower over others, attributed to rising demand for non-invasive surgeries

Musculoskeletal devices shall pivot the market in terms of application throughout 2020-2030

North American market accounts for over 2/5th of the revenue

East & South Asia remain lucrative, jointly capturing nearly 1/4th of the revenue share

“Prevalence of co-morbidities amongst the geriatric population has made physiotherapy a top priority for them, prompting vendors to introduce technologically sophisticated equipment in order to provide the elderly major relief from the pain induced by various physical ailments,” infers the FMI analyst.

COVID-19’s Impact on the Physiotherapy Equipment Market

The COVID-19 pandemic has ushered in an era of major uncertainty. As the global economy hurtles towards a major recession, the physiotherapy equipment market will experience significant shortfalls. As the pandemic intensifies, elective surgical procedures are being postponed, thus reducing demand for physiotherapy equipment in hospitals.

Moreover, residential visits by physiotherapists have reduced in the wake of maintaining social distancing. Since they utilize such equipment during these sessions, the decline in these visits has ushered in sluggishness in demand. On the supply side, unavailability of raw materials has halted production.

A recovery is expected in the initial quarters of 2021, when the infection curves flatten. Many countries such as Australia & New Zealand are already exhibiting decline in infection rates, thus heightening growth prospects and keeping the market afloat.

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Competitive Landscape

The global physiotherapy equipment market is characterized by the presence of several prominent players who are concentrating on introducing new products and acquisitions to carve a firm footing.

In June 2020, DJO Global introduced the DonJoy X-ROM Post-Op Knee Brace, incorporating an improvised user-friendly fastener which is easy to adjust and easy to apply. In 2019, the company launched the first fully sterile surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty.

In 2017, U.S Physical Therapy Inc. successfully acquired a Houston-based local physical therapy practice at a purchase price of US$ 11.4 million, with the practice’s clinical owners retaining 30% of the stake. The acquisition was announced in 2016.

Key Segment

Equipment Type

  • Cryotherapy
  • Hydrotherapy
  • Electrotherapy
  • Continuous Passive Motion Units
  • Multi-exercise Therapy Unit
  • Heat Therapy
  • Ultrasound Physiotherapy
  • Other Therapy Types

Application

  • Neurological
  • Musculoskeletal
  • Cardiovascular and Pulmonary
  • Others

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End-user

  • Hospitals
  • Rehabilitation Centers/Clinics
  • Homecare Settings

Region

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

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Sales of Nurse Call Systems to Soar as Healthcare Providers Seek Efficient Communication Devices

According to a new market study by Future Market Insights (FMI), the global nurse call systems market is forecasted to witness strong growth in terms of value between 2020 and 2030.

Nurse call systems have become an essential part of communication in healthcare institutions, aiding patients in seeking care from nurses when required.  Healthcare institutions and clinics are significantly spending to ensure seamless communication between patients and nurses, thus increasing the adoption of these systems.

Installation of nurse call systems bolsters nurses in prioritizing their tasks based on the emergency and types of requests raised by patients. Moreover, the nurse calls systems enhance the productivity of inexperienced nurses as patients directly seek aid from them.

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Along similar lines, the growing geriatric population and a subsequent surge in in-patient rates are pushing healthcare institutions to seek nurse call systems to ease communication. Likewise, the integration of smart technologies is invigorating the efficiency of these systems in day-to-day operations, thereby propelling the demand for these systems.

“With the emergence of novel technologies, manufacturers are working on integrating advanced technologies such as real-time location detection, radio frequency identification (RFID), and security systems with nurse call system devices” opines FMI analyst.

Nurse Call Systems Market – Key Takeaways

  • The global nurse call systems market is forecasted to progress at an excellent CAGR of 9.8% through the assessment period and will attain a valuation of US$ 4 Bn by 2030.
  • Based on equipment types, integrated communication systems are expected to account for the majority of market share due to the high efficiency they offer.
  • Alarms & communication will remain the primary application of nurse call systems, holding the largest share in the application segment.
  • Based on technology, wireless systems are forecasted to gain prominence in the years to come among healthcare facilities owing to their efficiency and convenience.
  • Among end-users, the adoption of nurse call systems will remain majorly concentrated in long-term care centers owing to the widening base of the aging population.

Nurse Call Systems Market – Key Trends

  • The integration of artificial intelligence and digitalization has emerged as the most lucrative trend in the manufacturing side as market players leverage the advent of technologies to offer highly advanced solutions.
  • COVID-19 is catalyzing the growth of the market as the patient flow rises at an alarming level, especially in the US, Brazil, and India, thus asserting healthcare providers to adopt systems to ease communication.

Nurse Call Systems Market – Regional Analysis

  • North America and Europe are projected to collectively accumulate a share of 3/4ths in global market value.
  • The hegemony of these regions is attributed to the implementation of stringent government regulations and proliferating expenditure by healthcare providers to enhance services.
  • Asia is expected to metamorphose into a lucrative region as numerous nations in the region – including IndiaChinaThailandMalaysia, and Indonesia – upscale expenditure on healthcare infrastructure.

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Nurse Call Systems Market – Competitive Landscape

Some of the key players operating in the market include Hill-Rom Holdings Inc., Ascom, Honeywell International Inc., Johnson Controls International Plc, Rauland-Borg Corporation, Jeron Electronic Systems, Inc., Azure, Schrack Seconet AG, Intercall Systems Inc., Stanley Black & Decker Inc., Tunstall Group, Tektone Sound & Signal Mfg. Inc. and Igeacare Solutions Inc. Market players are focusing on launching new solutions, entering collaborations, and procuring approvals from regulatory authorities to further their expansion.

  • In July 2020, Hill-Rom Holdings Inc. announced a collaboration with Aiva to develop a voice-based hands-free communication device to enable caregiver-to-patient and caregiver-to-caregiver assistance.

Nurse Call Systems Market – Taxonomy

Equipment Type

  • Button-based Systems
  • Integrated Communication Systems
  • Mobile Systems
  • Intercom Systems

Application:

  • Alarms & Communications
  • Workflow Optimization
  • Wanderer Control
  • Fall Detection & Prevention

Technology

  • Wired Nurse Call Systems
  • Wireless Nurse Call Systems

End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Long-term Care Centers

Region

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

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Get Valuable Insights into the Nurse Call Systems Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global nurse call systems market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the nurse call systems market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

Brain Imaging And Neuroimaging Market: Global Industry Analysis and Opportunity Assessment 2016-2026

Over the last few years, the healthcare industry has been witnessing technological advances in medical devices which offer robust services to cater to patients who are suffering from brain related diseases. Currently, brain imaging is one of the fastest growing segment of the overall imaging market.

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

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Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Brain Imaging And Neuroimaging Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Brain Imaging And Neuroimaging Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Brain Imaging And Neuroimaging Market.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: Siemens AG, Philips Healthcare, and Toshiba Medical Systems. Siemens, Philips Healthcare, Toshiba medical systems, Hitachi Medical systems, Esaote SpA and Sanrad Medical Systems Pvt. Ltd

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Based on imaging type, the global brain imaging or neuroimaging market has been segmented as follows:

  • Functional magnetic resonance imaging (fMRI)
  • Computed Tomography (CT)
  • Positron Emission Tomography (PET)
  • Electroencephalography (EEG)
  • Magnetoencephalography (MEG)
  • Near infrared spectroscopy (NIRS)

Based on end user, the global global respiratory gating system market has been segmented as follows:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Diagnostic Centers

Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

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By Regional Analysis Covered

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

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What is the size of the overall Brain Imaging And Neuroimaging Market in the Healthcare Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Brain Imaging And Neuroimaging Market in the Healthcare Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Brain Imaging And Neuroimaging Market in the Healthcare Industry?
  • What is the Brain Imaging And Neuroimaging Market in the Healthcare Industry size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Brain Imaging And Neuroimaging Market in the Healthcare Industry?
  • What are the recent trends in Brain Imaging And Neuroimaging Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Brain Imaging And Neuroimaging Market in the growth of the Healthcare Industry?
  • What are the key market trends impacting the growth of the Brain Imaging And Neuroimaging Market in the Healthcare Industry?

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Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Brain Imaging And Neuroimaging Market – Pricing Analysis
  • Market Background

Reasons to Buy the report

  • We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.