Market Research Blog – Page 14925 – New Product Development

Combi Ovens Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

A new report published by Future Market Insights (FMI) titled “Combi Ovens Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)” states that the demand for combi ovens across the globe highly depends upon the food preferences in different countries. For instance, people in China and the U.S. majorly consume fried items, whereas people in Europe make bakery, fried, and roast as their preference. The growing demand for combi ovens has impelled manufacturers to approach the market in accordance to the strong demand for heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens. According to FMI, the global combi ovens market is anticipated to witness a CAGR of 10.3% over the course of the forecast period.

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2012-2021 Global Combi Ovens Market Outlook Compared to 2022-2027 Forecast

Combi Ovens are meant to do a range of tasks including baking, roasting, broiling and steaming. It is becoming more popular for preparing continental cuisine. Combi Ovens are becoming a popular alternative to traditional foodservice equipment due to their features and high utility. Electric Combi Ovens are also becoming more popular in high-altitude settings.

As a result, their demand is expected to skyrocket in the future years. Furthermore, the ability to self-clean is the most significant characteristic of a combi oven, which makes it a popular choice.

The majority of combi ovens offer self-cleaning systems that use either tablets or liquid detergents. As a result, maintenance time and cost are significantly reduced. This is expected to shoot up the demand for combi ovens in will help to augment supply.

Growing Demand from the Foodservice Sector to be Key Growth DriverThe growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink. Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life. Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

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North America to Oust Europe in Terms of Value Share by the End of 2028Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027. The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.

Enhancement of Product Portfolio to be Core Strategy of Key Market PlayersKey market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Global Combi Ovens Market by CategoryBy Product Type, the Global Combi Ovens Market is segmented as:

Steam Generated
Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

Gas
Electric

By Capacity, the Global Combi Ovens Market is segmented as:

Low
Medium
Heavy

By End-use, the Global Combi Ovens Market is segmented as:

Hotels & Restaurants
Bakery Stores
Retail Outlets
Domestic & Institutional
Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Industrial Hearables Market 2022 Outlook, Current and Future Industry Landscape Analysis 2026

The global industrial hearables market is slated to reach a valuation of nearly US$ 992 Mn in the year 2026 and exhibit a robust CAGR during the period of forecast.

A hearable device is a kind of microcomputer that is positioned in the ear and is fitted in the ear canal of the user. This kind of device makes the use of wireless technology to enhance and complement the hearing experience of the wearer. There are many exciting and limitless possibilities of the hearable devices that are experiencing an excellent reception in the market.

An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing. With the aid of this technology, there would be an improvement of the hearing faculty to above normal levels. However, this technology is still in its evolution stage.

There is another exciting area of application of hearable devices is in the form of layered listening technology, which allows the users to filter out or enhance specific sounds. Besides such ground breaking technologies, the hearable devices also offer features such as monitoring of the vital body signs such as the heart rate, body temperature, ECG, blood pressure and pulse monitoring.

Besides, hearables can also be used as personal identification devices in which sound waves are used as a means of identification of an individual. Also, hearable devices are also used to enhance the quality of the sound which the wearer receives and function as hearing aids.

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2012-2021 Industrial Hearables Market Outlook Compared to 2022-2026 ForecastSales of Industrial Hearables increased at nearly 7.3% CAGR between 2012 and 2021, with countries such as the U.S., Germany, Canada, France, and U.K. accounting for a substantial portion of the global market.

A growing demand exists for proven and quantifiable sound and sound therapies, as well as more scalable, tailored, and seamless systems to meet that desire. Shifting consumer preferences from wired to wireless earbuds has led to an increase in demand for wireless headphones majorly contributing to the industrial hearables market growth, and due to this the market will expand at a higher CAGR throughout the forecast period, thereby, continuously augmenting sales of industrial hearables.

One of the major driving forces for market growth of industrial hearable is its rising prominence in industrial facilities. The endurance of the hearing aid for the user in manufacturing industries or industrial areas while working in noisy places can lead to various hearing issues among the user, and this is anticipated to augment the market growth in recent years. As a result, the Industrial Hearables Market is projected to grow at 7.8% CAGR during the forecast period of 2022 to 2026.

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4 Forecast Highlights on Global Industrial Hearables Market

As per the forecast of Future Market Insights, the personal sound amplifiers (PSAPs) product type segment is slated to touch a value of nearly US$ 300 Mn in the year 2026. This represents a robust CAGR growth during the assessment period of 2017-2026. The personal sound amplifiers (PSAPs) product type segment was estimated to account for more than one fourth of the revenue share of the product type category by the year 2017 and is expected to gain in market share by the year 2026 end.
As per the assessment of Future Market Insights, the wireless segment will reach a valuation of nearly US$ 386 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The wireless segment was estimated to account for more than one-third of the revenue share of the technology category in the year 2017 and is expected to gain market share by the end of the year 2026.
As per the estimates of Future Market Insights, the hypermarket/supermarket segment is slated to reach a valuation of nearly US$ 51 Mn in 2026. The hypermarket/supermarket segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the hypermarket/supermarket segment.
FMI forecasts the US industrial hearables market to grow from US$ 180.6 Mn in 2017 to US$ 345.7 Mn in 2026. This represents a compound annual growth rate (CAGR) of 7.5% from 2017 to 2026.

Competition LandscapeThe report has also profiled leading players in the global industrial hearables market, which will remain active through 2026. These include companies such as Medtechnica Orthophone, Sivantos Pte. Ltd., Widex A/S, Miracle Hearing Aid Clinic, GN Store Nord A/S, Sonova Holding AG, Siemens Healthcare, GN ReSound, Cochlear, Persona, , Starkey Hearing Aids, William Demant Holding A/S, MED-EL, Shenzhen Sunsky Technology Union Hearing Aid Centre, Beltone and Eartone.

Industrial Hearables Markey by CategoryBy Product Type:

Headphones or Earbuds
Personal Sound Amplifiers (PSAPs)
Hearing Aids

By Technology:

Wired
Wireless

By Distribution Channel:

Hypermarket/Supermarket
Multi Branded Stores
Exclusive Stores
Online

By Region:

North America
Latin America
Europe
Japan
APEJ
Middle East and Africa

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Bulk Material Handling System Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Construction and mining industries are major adopters of the bulk material handling systems with demand-driven from activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, decommissioning and others. Moreover, continuous migration, growing urbanization, and high value infrastructure projects with healthy investment drive growth of the bulk material handling market.

The bulk material handling systems market was estimated at US$ 5.1 Bn in 2021 and is projected to register a CAGR of about 2% over the forecast period.

Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 ForecastsThe demand for proper housing and infrastructural development is rising consistently, which will create prospects for expansion of the bulk material handling system market. According to FMI, the market exhibited a CAGR of 1.10% between 2016 and 2020.

Increasing mining activities will increase the demand for handling and transport of mined materials and equipment’s. As mining sector is growing in emerging economies, market players are focusing on penetrating these new markets with product launches and supply in such regions.

In October 2020, electric rope shovel from Komatsu Mining named “P&H 2300XPC” was delivered to a major Russian gold mine in Tenkinsky District of the Far East Magadan region. The excavator is used for stripping operations.

Market players are working towards integrating modern techniques like machine learning and automation with the material handling systems to gain the upper hand in this highly competitive market.

In 2021, Thyssenkrupp Industrial Solutions launched new autonomous bucket wheel stacker reclaimer and hybrid train load out station for handling bulk materials in shipping yards. They use artificial intelligence and automation to enhance bulk materials handling performance.

Increasing mining and construction activities due to rapid urbanization and surge in infrastructural projects is a prime factor driving the growth of the market. As per FMI, the market will rise at 2% CAGR between 2021 and 2031.

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bulk material handling system market characteristics and attributes with regional relevence, 2021-2031

Key Takeaways of Bulk Material Handling Systems Market Study

Key players focus on expansion of footprint in the developing countries, which also involves moving new products into new markets such as the Middle East, China and India where construction industry registered a double digit growth in the past decade.
As per the recent trend in the mining industry in the Americas and Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as business segment while directly selling bulk material handling systems.
Band conveyor and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stock piling and transportation, particularly in packaging and manufacturing end use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

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Bulk Material Handling Systems: Competition ScenarioThe bulk material handling systems market is assessed to be fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated maintain their dominance in the market throughout the forecast period, and have strong order inflow.

Brief SynopsisThe increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from construction industry as a result of growing infrastructural projects is expected to led to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

What’s in it for you?The global bulk material handling systems market report published by Future Market Insights details an extensive market analysis for the projected period of 2021-2031. The bulk material handling systems report offers a comprehensive analysis of major equipment across various end use industries with their regional market dynamics and sales forecast. The study contains information about emerging market opportunities over the forecast period, and also highlights supply trends, key considerations for manufacturers, and other macro-and-micro factors impacting the growth of the bulk material handling systems market.

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Key Segments Covered in Bulk material handling system Market Study:Application

Mining
Packaging
Construction
Manufacturing
Sea Ports & Cargo Terminals

Equipment

Stacker
Stacker cum Reclaimer
Band Conveyor
Bucket Wheel Excavator
Stripping Shovel
Rope Shovel
Bucket Elevator
Ship Loader and Unloader

Region

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

Extruders and Compounding Machines Market 2017 Outlook, Current and Future Industry Landscape Analysis 2027

A recent publication titled “Extruders and Compounding Machines Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” reveals several market acumen with respect to key trends, developments, key players, drivers and restraints across key regions in the globe. Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2017-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2017 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Extruders and Compounding Machines Market 1.6x increase in sales revenue from 2017 to 2027The global extruders and compounding machines market is expected to exhibit moderate growth rate throughout the period of assessment, 2017-2027. Demand for extruders and compounding machines has been experiencing an upward trend with respect to growth since 2012, however during the 2012-2017 period, this market did not witness a higher increase in revenue.

The 2017-2027 timeline is more positive for the sales of extruders and compounding machines as per market observations and is anticipated to witness a 1.6x growth in revenue during this timeline. Global revenues are estimated to reach a valuation of more than US$ 18 Bn by the end of 2027 from a value of about US$ 11.5 Bn in 2017.

Also, sales are expected to reflect this estimation owing to a moderate value CAGR of 4.7% during the period of forecast. The sales of the extruder and compounding machines are industry driven. Their sales are influenced by the increasing demand from various end use industries such as food, chemicals, plastics and medical or pharmaceutical industries.

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Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

Extruders and Compounding Machines Market TaxonomyWeighted market segmentation is essential to garner key insights on each and every aspect. Below is a detailed market taxonomy covering various segments of the global extruders and compounding machines market.

By Product Type

Single Screw
Twin Screw
Ram Extruders

By Application

Speciality Plastics
PVC Cable
Master Batch Production
Flooring Sheet
Others

By End Use Industry

Food Industry
Chemical Industry
Plastic Industry
Medical/Pharmaceutical
Others

By Region

North America
Latin America
Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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Industrial Safety Gloves Market expected to exceed the valuation of US$ 9.5 Bn by the end of 2026

According to Future Market Insights, the global industrial safety gloves market will reflect a moderate CAGR through the forecast period, 2017 to 2026. Worldwide sales of industrial safety gloves are estimated to account for over US$ 9,500 Mn revenues by 2026-end.

Disposable Gloves being Relatively More Favored in End-use Industries

Industrial safety gloves are increasingly being employed in various industrial settings for guaranteeing the employee safety in the work environment. Growing awareness among consumers regarding health and hygiene, mounting number of accidents at workplaces, and the need for safety against hazardous chemicals and equipment handling has fuelled adoption of industrial safety gloves. Disposable gloves are being relatively more favored in end-use industries.

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Comparatively lower cost than re-usable gloves is a major factor driving demand for disposable gloves. Industries are obligated for ensuring their workers’ safety from occupational operational hazards. Various standards and laws have been enlisted by the Occupational Safety and Health Administration (OSHA), which are required to be complied with by the industrial sectors. This further creates demand for various industrial safety gloves such as neoprene gloves or nitrile gloves.

Robots have been increasingly replacing manpower in manufacturing as well as various other industrial sectors. There has been robust and huge negative effects of implementing robots on wages and employment across economies influenced by automation. Proliferated adoption of automation in various industrial settings are likely to reduce human efforts, as they enable increased accuracy and higher operational efficiency. This will subsequently limit demand for personal protective equipment such as industrial safety gloves to certain specific operations. One of the recent trends being observed in the global industrial safety gloves market is utilization of recyclable & green materials.

Sales of Industrial Safety Gloves in Europe will Register Highest CAGR through 2026

North America dominated the global industrial safety gloves market in 2017. However, the market in Europe is projected to outpace that in North America, to become the most remunerative market for industrial safety gloves by 2026-end. Sales of industrial safety gloves in Europe will register the highest CAGR through 2026, followed by those in Asia-Pacific excluding Japan (APEJ). Revenues from industrial safety gloves’ sales in APEJ will exceed US$ 2,000 Mn by 2026-end.

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On the basis of product type, chemical protective gloves are expected to remain the leading revenue contributor to the market, followed by leather gloves. Rubber insulating gloves are also anticipated account for a major portion of the market’s revenue share by 2026-end. Sales of metal mash and fabric gloves will exhibit the fastest expansion in the market through 2026. In addition, sales of rubber insulating gloves and synthetic gloves are projected to register a parallel expansion through 2026.

Manufacturing Sector to Remain Dominant End-user in the Market

Based on end-user, manufacturing sector will remain dominant in the market, in terms of revenues, although witnessing a relatively slower expansion through 2026. Revenues from sales of industrial safety gloves in transportation and mining will register a parallel increase through 2026, In addition, Pharmaceuticals and food industries are anticipated to remain the fastest expanding end-users of industrial safety gloves, exhibiting a similar CAGR through 2026.

Vendors in the global industrial safety gloves market are now finding options for reducing amount of scrap, and decreasing their reliance on the petrochemical resources. In addition, these vendors are focusing on using materials with minimum carbon footprint for production of industrial safety gloves. Key market participants sustaining growth of the market, as identified by the report, include 3M Co., E I Du Pont De Nemours and Co., Honeywell International Inc., Lakeland Industries Inc., Alpha Pro Tech Ltd., Ansell Limited, Uvex Safety Group, Grainger, Inc., Bullard, and Kimberly-Clark.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry.

HID Ballast Market Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027

The global HID ballast market is expected to decline gradually over the period of 10 years between 2017 and 2027. This market is expected to register a growth rate of -9.1% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players. One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries.

According to the new report published by Future Market Insights titled “HID Ballast Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” companies are focussing on expanding their businesses in the growing markets of developing countries and are striving to offer high quality products at competitive prices. Global sales of HID ballasts is estimated to be valued at US$ 9,061.6 Mn in 2018 and this is projected to drop down to US$ 3,647.5 Mn by 2027.

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Global HID Ballast Market: Key Regional Takeaways

Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2017 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

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Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2016 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

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Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

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mRNA Sequencing Market Notable Developments & Geographical Outlook

mRNA Sequencing Market study by “Future Market Insights” provides details about the market dynamics affecting the market, Covid-19 Impact, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in fine points with solutions and suggestions that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

The report mRNA Sequencing Market gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2018 to 2028 with respect to major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the mRNA Sequencing Market.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting mRNA Sequencing Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Leading mRNA Sequencing Market Players:

Toray Industries, Inc.
SGL Group
Mitsubishi Chemical Holdings
Formosa Plastics Corporation
Hexcel Corporation
Kureha Corporation
Evonik Industries
Hexcel Corporation
Teijin Limited
Royal DSM

Key Elements that the report acknowledges:

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

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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

Leukapheresis Products Market Notable Developments & Geographical Outlook

Leukapheresis is the treatment of Leukaemia to reduce WBC count in the patient’s body. Globally there is a significant increase in the incidence and prevalence of leukaemia, in 2019, as per the Leukaemia and Lymphoma Society (LLS), more than 61,000 patients were diagnosed with leukaemia.

Leukapheresis Products Market study by “Future Market Insights” provides details about the market dynamics affecting the market, Covid-19 Impact, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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The report Leukapheresis Products Market gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2018 to 2028 with respect to major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Leukapheresis Products Market.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Leukapheresis Products Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Leading Leukapheresis Products Market Players:

Haemonetics Corporation
Frost and Sullivan
Fresenius SE & Co.
KGaA
Asahi Kasei Medical Co. Ltd.
StemExpress, LLC
AllCells, LLC
Cerus Corporation
Charles River Laboratories
Hemacare Corporation

Key Elements that the report acknowledges:

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

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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

Absorbable Tissue Spacer Market Notable Developments & Geographical Outlook

Future Market Insights (FMI), in its latest research study, examines the absorbable tissue spacer market and presents actionable insights on its progress over the evaluation timespan of 2019-2029. As per the research study, the global absorbable tissue spacer market reached ~US$ 85 Mn in terms of value in 2018, and is expected to propel at an impressive CAGR of ~10 % during the forecast period. Increasing emphasis of medical and healthcare industry operators on patient safety offers a strong impetus to the growth of absorbable tissue market, concludes FMI’s analysis.

Surging demand for radiation therapy in the backdrop of rising morbidities due to cancers as compared to other chronic diseases altogether in developed and under-developed economies are surfacing as the cornerstone for the progress of absorbable tissue spacer market, says the FMI study. Furthermore, stringent legal policies will persist to regulate the emission of high-energy rays during radiotherapy treatment and assure patient safety, which is likely to motivate manufacturers to perform clinical studies by consulting with experts.

Increasing prevalence of cancers continues to be a global concern, and elimination of cancerous tissues in an efficient way remains of core interest for oncologists and dosimetrists. The leading participants in absorbable tissue spacers market landscape are focusing on conducting clinical trials to develop spacers that are tailored to specific needs of the target area.

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Hydrogel-based Spacer Remains Preferred among Surgeons

As per the findings of FMI’s research, hydrogel-based absorbable tissue spacers account for ~3/4^th shares of total sales. The report further suggests that the hydrogel-based spacer is rapidly becoming an integral component of prostate cancer radiotherapy and is one of the few absorbable tissue spacers that have received government clearance in most of the countries.

Hydrogel-based spacers have high tolerability as the space created between prostate and rectum efficiently lowers the emission concentration on the rectum, significantly reducing irritation of rectum during prostate radiotherapy. Placing hydrogel-based spacers is technically less-complicated, especially for surgeons who are aware of ultrasound-directed transperineal injections. Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans enable confirmation about proper deployment of spacers. Furthermore, patients undergoing radiation therapy with hydrogel-based spacers are lesser prone to adverse long-term rectal complications and relatively decreased amount of rectal pain during treatment, making hydrogel-based spacer most sought-after among oncologists.

Cancer specialists are constantly shifting towards absorbable tissue spacer to cure different types of cancers. Absorbable tissue spacers, after proper placement, protects the adjacent healthy tissues from strong radiation, resulting in increased concentration of dose delivery at the affected organ, thereby eliminating adverse procedural events. Further, absorbable tissue spacers avoid the need for a second surgery for spacer removal as they gradually dissolve into the tissues.

The market for absorbable tissue spacer is still young, and this study tracks the growth of absorbable tissue spacers market over the period of next decade. The study unfolds how increasing investments of stakeholders in clinical trials of newly innovated absorbable tissue spacers will contribute towards the progress of the market. Although Europe was the only region driving the growth of absorbable tissue spacers market till a couple of years ago, FMI attempts to analyze how the penetration will increase in other regional markets over the course of next decade.

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Table of Content

Executive Summary
Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends
Key Success Factors
Global Absorbable Tissue Spacer Market – Pricing Analysis
Global Absorbable Tissue Spacer Market Demand (Value US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

6.2.1. Y-o-Y Growth Trend Analysis

6.2.2. Absolute $ Opportunity Analysis

Market Background

7.1. Macro-Economic Factors

7.1.1. Global GDP Growth Outlook

7.1.2. Global Healthcare Expenditure Outlook

7.2. Forecast Factors – Relevance & Impact

7.3. Market Dynamics

7.3.1. Drivers

7.3.2. Restraints

7.3.3. Opportunity Analysis

Surgical Tourniquets Market Exhibits a Stunning Growth Potentials

Worldwide sales of surgical tourniquets will increase by 7.5% year-over-year to reach ~US$ 381 million in 2019, up from ~US$ 355 million in 2018, according to the latest research from Future Market Insights (FMI).

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FMI’ analysis expects the surgical tourniquets market to grow at ~8% CAGR through to 2029, driven a surge in the number of trauma cases over the years lined with rising demand for effective device to stop arterial bleeding during surgical procedures. Analysts also expect that automatic machines and robotic technologies are likely to bring a paradigm shift in operative procedures, which should push the manufacturers to innovate their products and develop strategies to attract and retain a new segment of customers.

Surgical tourniquets have long been reliable to establish a bloodless field of operation for surgeons while maintaining a high level of safety for patients. However, the risk of surgical-site infections as well as tourniquet-related injuries, particularly due to the application of high pressures and high pressure gradients to the patient, remains a potential threat to the market growth.

In an attempt to reduce the risks associated with higher tourniquet pressures, manufacturers are placing their bets on products innovations and introduction of novel features such as automatic pressure control, audiovisual alarms, digital displays, and easy-to-use user interface.

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Sales of Tourniquet Cuffs to Ramp up in 2019

According to the FMI analysts, tourniquet cuffs have been a vital part of the modern computer-assisted tourniquet system, which accounted for ~77% of total market revenue in 2018. While the inflatable disposable cuffs represented more than half of the total tourniquet cuff sales in 2018, the consumption of inflatable reusable cuffs is likely to increase 7.6% y-o-y in 2019.

“In terms of tourniquet systems, dual channel systems will continue to represent a relatively high share as compared to single channel systems, in the view of enabling bi-lateral procedures or simultaneous surgeries of both upper and lower extremity,” the FMI analyst said.

The consumption of surgical tourniquets for knee arthroplasty accounted for ~31% sales in 2018, while increasing application in amputation of limbs and trauma cases is likely to result in increased market share in the future.

“Recent advancements in reverse shoulder arthroplasty along with the introduction of ‘personalized’ tourniquet systems that allow the use of variable contour design and cuffs for specific patients will open new avenues of growth for the market players,” said the FMI analyst.

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Hospitals Capture Significant Share, North America in the Vanguard

In 2018, surgical tourniquets worth ~US$ 176 million were sold in hospitals; according to the FMI analysts, growing number of hospitals, especially in developing countries, and greater awareness of advanced medical devices will continue to drive the consumption of surgical tourniquets in hospitals.

Rapid adoption of ‘value-based’ model in health care settings have led to a surge in the number of ambulatory surgical centers and specialized clinics, thereby paving a new way of growth for the surgical tourniquets market.

The FMI analyst forecasts that North America will continue to remain at the forefront of surgical tourniquets market, representing 30% share in 2018. While North America is likely to be neck-and-neck with Europe to lead the market in future, manufacturers are tapping into new opportunities in developing countries in Asia Pacific.

The surgical tourniquets market shows a fair level of fragmentation, with two prominent players including Zimmer Biomet and Stryker Corporation accounting for more than one-third of the total revenue share. Exploring unmet needs in developing regions and expanding their distribution through collaboration and acquisitions of local and regional manufacturers remain key focal points of the market players.