Vacuum-Mixing Devices Market Exhibits a Stunning Growth Potentials

Manufacturers operating in a vertically-integrated chain wield more power. Hence, they can extend their market reach and drive profits. However, there are risks present in such chains, such as procurement power, employee strength, and cash inflows. Hence, adequate analysis is required in order to operate effectively in such a structure.

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Vacuum-mixing device manufacturers present in a vertical supply chain are providing portable products for bone cement mixing, which is primarily used in orthopedic applications. The cost adjustment is very well in control by the manufacturers in terms of investment and return.

The clinical benefits of using vacuum-mixing devices helps in the expansion of the market, as it is in relation to its growth in the adoption rate among professionals. There are benefits associated with the advanced form of bone cement mixing devices, vacuum-mixing devices in general provide a suitable environment for mixing bone cement. 

Vacuum-mixing devices help improve the mechanical properties of bone cement. As per clinical research, vacuum mixing reduces monomer evaporation and exposure in the operating room. Monomer exposure from the mixing of cement releases toxic and organic solvents that are critical, in in contact.

Companies involved in the vacuum-mixing devices market should take this product difference to manipulate their business strategy in order to increase their consumer pool. Clinical difference that omit such harmful conditions play a significant role in the expansion for their product line in terms of sales.

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  1. Global vacuum-mixing devices market size in 2018  ~ US$ 140 Mn.
  2. The vacuum-mixing devices market value is anticipated to grow at a CAGR of ~ 2% over 2019-2029.
  3. North America is the prominent regional market for vacuum-mixing devices.
    • Rise in the number of traumatic cases and dental cases, which require the use of vacuum-mixing devices, is among the main factors driving the growth of the vacuum-mixing devices market in the region.
    • Presence of market leaders with premium pricing for their vacuum-mixing devices.
  4. In developing countries, end users tend to prefer products from local or regional manufacturers over branded products from international players.
  5. Adoption of reusable vacuum-mixing devices is comparably more in developing regions.
  6. Ambulatory surgical centres are among the prominent end-user segments of the vacuum-mixing devices market due to the transition to outpatient orthopaedic procedures.
  7. The global prevalence of traumatic dental injuries in either dentition (primary and permanent) is around 20%.

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Key Segment 

By Product Type

  • Vertical Vacuum-Mixing Devices
  • Rotational Vacuum-Mixing Devices
  • Vertical+Twisting Vacuum-Mixing Devices

By End User

  • Ambulatory Surgical Centers
  • Hospitals
  • Specialty Clinics

By Modality

  • Bench Top Devices
  • Portable Devices

By Region

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

Laryngeal Mask Market Exhibits a Stunning Growth Potentials

According to the latest report by Future Market Insights on global Laryngeal Mask market, with the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Laryngeal Mask market. FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Laryngeal Mask market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Laryngeal Mask market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Laryngeal Mask market. With our extensive research and information about the past, current and future market scenario, the Laryngeal Mask market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Laryngeal Mask market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Laryngeal Mask market?
  2. What are the drivers and challenges affecting the Laryngeal Mask market demand?
  3. What are the recent technological advancement in the Laryngeal Mask market?
  4. What are key trends and opportunities that will prevail the revenue growth of Laryngeal Mask market players?
  5. How will evolving regulatory policies impact the market growth?
  6. What is the impact of Covid-19 on the Laryngeal Mask market?

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Laryngeal Mask Market: Segmentation

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • K.
    • Germany
    • France
    • Spain
    • Russia
    • Benelux
    • Rest of Latin America
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia
    • India
    • ASEAN
    • Rest of South Asia
  • Oceania
    • Australia
    • New Zealand
  • Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Turkey
    • Rest of Middle East

Detailed analysis on the geographical region and country wise insights are offered in the latest Laryngeal Mask market report with established market players as well as incumbents in the region.

Laryngeal Mask Market: Segmentation

By Product Type:

  • Reusable
  • Disposable

By Age Group:

  • Adult
  • Pediatric
  • Geriatric

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

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Competitive Analysis

By Prominent Market Players

  • Medtronic Plc
  • Teleflex Inc.
  • Intersurgical Ltd.
  • Anandic Medical Systems
  • Thermo Fisher Scientific Inc.
  • Narang Medical
  • Others

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Laryngeal Mask market

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 Laryngeal Mask 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

Transcriptomics Technologies Market Exhibits a Stunning Growth Potentials

Transcriptomics Technologies 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 Transcriptomics Technologies 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 Transcriptomics Technologies 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 Transcriptomics Technologies 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 Transcriptomics Technologies Market Players:

  • Danaher Corp
  • Affymetrix Inc.
  • Agilent Technologies
  • Bio-Rad Laboratories, Inc.
  • Qiagen N.V.
  • Thermo Fisher Scientific
  • LC Sciences
  • Illumina, Inc.
  • F-Hoffmann La Roche Ltd.
  • Life Technologies 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

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

Ambulance Services Market Exhibits a Stunning Growth Potentials

According to the latest report by Future Market Insights on global Ambulance Services market, with the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Ambulance Services market. FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Ambulance Services market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Ambulance Services market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Ambulance Services market. With our extensive research and information about the past, current and future market scenario, the Ambulance Services market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Ambulance Services market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Ambulance Services market?
  2. What are the drivers and challenges affecting the Ambulance Services market demand?
  3. What are the recent technological advancement in the Ambulance Services market?
  4. What are key trends and opportunities that will prevail the revenue growth of Ambulance Services market players?
  5. How will evolving regulatory policies impact the market growth?
  6. What is the impact of Covid-19 on the Ambulance Services market?

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Ambulance Services Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Ambulance Services market report with established market players as well as incumbents in the region.

Ambulance Services Market: Segmentation

By Transport Type:

  • Ground Ambulance Services
  • Air Ambulance Services and
  • Water Ambulance Services

By Emergency Services:

  • Emergency Ambulance Services
  • Non-Emergency Ambulance Services

By Equipment:

  • Advanced Life Support (ALS) Ambulance Services
  • Basic Life Support (BLS) Ambulance Services

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

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Competitive Analysis

By Prominent Market Players

  • Envision Healthcare Corporation
  • Falck Holding A/S
  • Acadian Ambulance Service, Inc.
  • Ziqitza Health Care Limited
  • Medivic Aviation
  • London Ambulance Service NHS Trust
  • Others

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ambulance Services market

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 Ambulance Services 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

Retail Printers Market expected to reach a value of about US$ 5,000 Mn by the end of the year 2026

The Global Retail Printers market is projected to grow at a 4.8% CAGR during 2016-2017. The global market for retail printers is poised to register a steady CAGR of 5.3% over the ten year forecast period to reach a market valuation of US$ 4689.4 Mn by end of 2027 while the global consumables market is expected to be valued at US$ 8,503.4 Mn in 2017 and is estimated to grow with a CAGR of 5.0% in terms of value. Product upgrades and aggressive marketing is the key strategy executed to preserve the growth of the market on a long-term basis.

Retail printers are electronic devices typically designed for printing of labels and receipts that are used within the retail space. Retail printers usually do not have programmable logic controllers of its own, but relies on an external system. Label and receipt printers are adopted for speedy and efficient printing of labels and receipts. These devices find applications in various industrial verticals like manufacturing, logistics, healthcare etc. However, its utilization in the retail industry overshadows all other verticals prompting the manufacturers to register long term tie ups with various small scale and large scale retailers. The consumables used within these printers are labels, ribbons and paper. Ribbons and labels are used in conjunction with label printers utilized exclusively to generate labels while paper is typically used to generate receipts at POS stations.

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Global Retail Printers Market: Segmental Analysis

  • The global retail printers market is segmented based on its usage in different areas of application. By type, it is segmented into desktop retail printers, industrial retail printers, mobile retail printer and others. The relatively small others segment comprises of special application retail printers such as ticket printers and wristband label printers
  • Mobile retail printer segment is estimated to a value of US$ 1898.3 Mn by 2027 end. In terms of volume, Mobile retail printer and desktop retail printer segments are anticipated to produce 2,257 thousand units and 1,871 thousand units respectively by the end of 2027
  • By technology it is segmented by label printers and paper printers. On the basis of printing technology the most dominant is the thermal transfer sub segment while direct thermal sub segment dominates in the paper printer segment. The inkjet, impact and laser printing technologies are expected to be the least attractive of all the segments owing to high cost, slow operation and impracticality than the thermal segment

Global Retail Consumables Market: Segmental Analysis

The global consumables market is segmented by type, application and region. By type, the paper segment is expected to dominate the market throughout the forecast period with 41.0% share by the end of 2027. The Label type segment is anticipated to witness robust growth in terms of value and volume over the forecast period owing to increasing adoption of labelling in warehousing sector as well as online retailing and also implementation of labeling in businesses to maintain assets.

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Global Retail Printers and Consumables Market: Regional Outlook

Asia Pacific and North America hold the highest market potential in the global retail printers market. The market is primarily driven owing to healthy growth from the perspective of disposable income & purchasing power and increasing retailing activity around the globe. However, limited compatibility with different operating systems is expected to be a restraining factor for the growth of market in these regions. Eastern Europe and Latin America are struggling with sluggish growth in the market owing to fragmented supply chain, hence growth prospects for the market for retail printers in these regions is limited.

Global Retail Printers and Consumables Market: Competitive Landscape

The report highlights some of the top companies operating in the global retail printers and consumables market such as Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Star Micronics Co., Ltd., Postek Electronics Co., Ltd., GoDEX International Co., Ltd., Citizen Watch Co., Ltd., Brother Industries, Ltd., Bixolon Co., Ltd., Pos-X LLC, Primera Technology Inc., CognitiveTPG, LLC, Seiko Holdings Corporation, Wasp Barcode Technologies, Cab Produkttechnik GmbH & Co KG, and  BlueBird, Inc.

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These players are aware of the emerging technology called RFID (Radio Frequency and Identification) that could pose as a serious threat of replacing barcoding technology due to advantage of bulk data retention as opposed to single data retention of barcodes leading to faster scanning and data maintenance as well as elimination of line of sight scanning in RFID technology. Hence, prominent players are focused on implementing short term strategies by improving its existing product line up and introducing innovative features and wireless connectivity to sustain the growth of the global market.

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MRI Pulse Oximeters Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

Global sales of MRI pulse oximeters were valued at ~US$ 29 million in 2018, and are estimated to record a Y-o-Y growth of ~2% in 2019. As per the research findings of a new study by Future Market Insights (FMI), constant technological advancements in medical devices that target improved efficiency and convenience, have been sustaining the use of MRI pulse oximeters.

However, manufacturers are hard pressed to innovate, as the applicability of highly advanced pulse oximeters extends beyond MRI environments.

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mri pulse oximeters market pr image

Recent developments in medical devices allow for generation of real-time information, track past health records, identify potential issues, and devise effective treatment plans. FMI’s study finds that stakeholders in MRI pulse oximeters market are leveraging new sensor technologies, such as fiber optic SpO2 sensors to avoid conductive pathways, and improve device safety. With the approval of 7T MRI scanners, MRI pulse oximeters will further become the breeding ground for innovations and new developments.

A notable increase in the prevalence of chronic diseases has led to surge in the sales of high-end diagnostic machines, including those for MRI, and CT scanners, which in turn foster the demand for MRI pulse oximeters. Developed with non-magnetic components, MRI-compatible pulse oximeters have been gaining ground in early detection of critical congenital heart defects (CCHD) by accurately measuring the blood oxygen value of a newborn.

FMI study estimates that the MRI pulse oximeters market will register a CAGR of 2.4% during the given timeframe. High costs associated with MRI procedures have been creating a wave of reluctance among healthcare professionals and patients to adopt MRI pulse oximetry testing.

However, increasing popularity of medical tourism and favorable health insurance policies in both developed and developing countries are likely to attract patients towards expensive yet efficient MRI scan therapy, and subsequently drive the sales of MRI pulse oximeters.

MRI Pulse Oximeters – Extending the Traditional Functionality

The new-age medical technologies have transformed the way healthcare professionals and patients participate and interact with each other. Owing to rapid pace of technological advancements in healthcare industry, several medical devices have undergone a paradigm shift, and progressed significantly beyond their initial functions. In recent times, companies have been seeking to make their products stand out in an increasingly crowded market place, and some have invested heavily in design processes and capabilities.

Wireless MRI Pulse Oximeters Capture Significant Shares

Aligning with the rapid development of state-of-the-art medical devices and technologies, market players continue to increase the production of wireless MRI pulse oximeters that need not be connected to MRI machines. Operated through infrared (IR) or Bluetooth technology, wireless MRI pulse oximeters have also witnessed higher innovations and investments as compared to wired variants. As 6 in 10 units of MRI pulse oximeters sold in 2018 are wireless, manufacturers are specifically focused in this category. Additionally, MRI pulse oximeters without monitor continue to account for greater revenue share over their counterparts, as they can be coupled with a wide range of monitors.

According to the study, while business growth strategies remained influenced by the increasing adoption of MRI pulse oximeters in hospitals, manufacturers are working towards capitalizing on diagnostic laboratories and ambulatory surgical centers for expanded customer base. Increasing patient visits in well-equipped laboratories for complete diagnosis of diseases has also led to realignment of these strategies.

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Growth prospects of the MRI pulse oximeters market, as identified by the FMI study, are high in North America. Heavy investments in R&D activities on medical devices and technologies along with favorable reimbursement scenario in the region are likely to offer lucrative opportunities for the market players. In addition, manufacturers are viewing Asia Pacific from target market perspective, considering increasing healthcare expenditure and growing awareness of new medical devices in the region.

The new business intelligence also offers key insights on the competitive scenario in the MRI pulse oximeters market. As per the study, the market shows a high level of consolidation, with top two players including Nonin and Koninklijke Philips N.V. collectively accounting for ~41% revenue share. Filling gaps in their portfolio to master the diagnosis of chronic diseases, rather than focusing solely on one specific product category will be key focus area for the stakeholders.

Key Segment 

By Product Type

  • Wired MRI Pulse oximeters
  • Wireless MRI Pulse oximeters

By Modality

  • Sensor with monitor
  • Sensor without monitor

By End User

  • Hospitals
  • Diagnostic Laboratories
  • Ambulatory  Surgical Center

By Region

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

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Lip Fillers Market Poised to Expand at a Robust Pace | FMI

The global demand for lip fillers grew at ~3% YOY in 2018 to total ~ US$ 420 Mn, up from ~ US$ 408 Mn in 2017, finds the new market intelligence study by Future Market Insights (FMI). ALLERGAN, Galderma Laboratories, and Merz Pharma GmbH & Co. KGaA retain their lead as the top three companies in the lip fillers market space, followed by several other market players progressing up along the growth ladder with new product launches in the pipeline.

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While one-half of consumers investing in lip fillers look to boost their confidence levels, the other half will resort to these as quick fixes for facial perfection. Though lip augmentation wasn’t a mainstream concept a few decades ago, it is eventually carving out its own unique place in the global cosmetology space.

Millennials represent a very attractive category for lip filler manufacturers to focus on, given that the ones who are unhappy or self-conscious about their facial aesthetics are opting for these procedures to get appealing makeovers. The FMI analyst finds that a wide-range of safe and effective options will remain the key revenue level for companies active in the lip fillers market. In addition, these companies are also drawing upon the mega-trend of personalization via tailor-made lip filler solutions, which will further help them life their profit pools.

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FMI’s research study opines that lip augmentation with hyaluronic acid-based solutions will remain the most frequently requested procedures in aesthetic practices. This can be gauged by the fact that in 2019, hyaluronic acid will surpass Poly-L-Lactic Acid to account of ~ 94% of the global lip fillers-derived business value.

While hospitals continue to remain at the forefront of demand for lip filler solutions, adoption by office based clinics is likely to pick pace by the end of 2029, thereby making it an attractive end user target for market players to aim at. Market players are zooming in their focus onto long-term contracts with hospitals and office based clinics, which will be a key factor ensuring continued profitability and long-term growth, finds the FMI report.

East Asia Promises Untapped Corners for the Market Players to Explore

The FMI analyst finds that North America continues to be the leading market for lip fillers, with the US estimated to command ~ 94.5% of the regional market growth. As per the recent studies, in 2018, nearly 18 million people underwent surgical and minimally-invasive cosmetic procedures in the United States in 2018. This is a clear indication of the fact cosmetic surgical procedures in North America, which are on a significant rise over the past 5-6 years, are further set for a massive growth in the future.

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On the other hand, East Asia is emerging as the focal point for market players vying to make it big in the lip fillers market. With beauty standards seeing cyclical evolution in countries such as Japan, China, and South Korea, the East Asia lip fillers market is likely to promise some major expansion opportunities for the companies operating in the lip fillers market.

The FMI analyst is of the opinion that social media remains one of the biggest factors encouraging consumers to opt for lip fillers. With the selfie culture penetrating across consumer bases from different regions, lip fillers have become a highly feasible and readily accessible option for the consumers to get the ‘picture-ready’ appearance. However, potential risks associated with the use of lip fillers, including temporary bruises and permanent tissue spoilage, continue to daunt consumer confidence and, calling for safe and reliable variants to make their mark in the lip fillers market.

Gas Circuit Breaker Market expected to grow at a CAGR of 3.9% between 2022 and 2031

The gas circuit breaker market worth will total US$ 621.2 Mn in 2021, as per Future Market Insights (FMI) analysis. Overall gas circuit breakers sales are expected to grow at a CAGR of 3.9% between 2021 and 2031 in comparison to 3.5% CAGR registered between 2016 and 2020

Despite witnessing disruptions amid COVID-19 outbreak, the market exhibited 2.0% year-on-year growth between 2020 and 2021.

The gas circuit breaker market worth will total US$ 621.2 Mn in 2021, as per Future Market Insights (FMI) analysis. Overall gas circuit breakers sales are expected to grow at a CAGR of 3.9% between 2021 and 2031 compared to 3.5% CAGR registered between 2016 and 2020. Despite witnessing disruptions amid COVID-19 outbreak, the market exhibited 2.0% year-on-year growth between 2020 and 2021.

A research report on the gas circuit breaker market skillfully crafted by Future Market Insights reveals several aspects of the global market, along with key trends and developments. The research publication titled “Gas Circuit Breaker Market: Global Industry Analysis and Opportunity Assessment (2021-2031)” uncovers many facets such as opportunities, drivers, and trends that influence the growth of the entire market.

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Moreover, along with the current market scenario and historical market data, this research report has outlined future market projections that reveal the future direction of the global market in terms of growth rate and valuation of the entire market considering all crucial market segments that define the global market. This data has been assessed across key regions in the globe to get a clear market picture in the current timeline and in the future.

Global Gas Circuit Breaker Market: Dynamics affecting Future Growth
Various aspects have contributed to the growth of the global gas circuit breaker market. Gas circuit breaker acts as an effective alternative compared to conventional methods like oil circuit breaker and fuse, increasing use of gas circuit breaker for high voltage applications, rapid industrialization, and urbanization driving the need for the establishment of new transmission grids, increasing renewable energy projects and use of medium voltage circuit breakers, significant investment by the government in the power transmission and distribution sector coupled with rapid growth in these sectors, irregular flow of current in certain regions owing to poor infrastructure driving the need for protection of circuit through circuit breakers, and tend such as the focus on reduction of the number of interrupters, the evolution of hybrid gas breakers to reduce the environmental effect of SF6 and focus on low maintenance based circuit breakers have contributed to the growth of the global gas circuit breaker market.

Increasing penetration of alternative technologies, such as vacuum circuit breakers, stringent regulations about the use of sodium hexafluoride gas that is a major contributor to the greenhouse effect, reluctance to install new equipment and electrification projects, high cost associated with the use of SF6 gas circuit breakers, lack of standardized testing for ultra-high voltage gas circuit breakers and low replacement rate are hindering the growth of the global gas circuit breaker market.

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Global Gas Circuit Breaker Market: Forecast Highlights
As per the research report on the global gas circuit breaker market, the global market is expected to grow at a CAGR of 4.6% throughout the forecast to reach a valuation of more than US$800 Mn by the end of 2027 from a value of about US$518 Mn in 2017.

Global Gas Circuit Breaker Market: Segmentation Snapshot
The global gas circuit breaker market is segmented based on voltage rating, by configuration, by technology, by end-use, and by region.

By Voltage Rating, the above 800 kV segment is the largest segment with a high market share. However, the 252-550 kV segment is projected to grow at a high rate to register a value CAGR of 5.3% throughout the forecast.

By Configuration, a single interrupter segment is a high growth segment contributing largely to the growth of the global market. It is estimated to reach a value of more than US$530 Mn by the end of 2031.

By Technology, the live tank type segment is highly lucrative with high growth potential. This segment is projected to grow at a high comparatively high CAGR and also reflect a high market valuation by the end of the period of assessment, thus leading the global market.

By End Use, the industrial segment is expected to dominate the global market with a high market value. The commercial segment is poised to register a high value CAGR of 5.2% throughout the forecast.

By Region, Asia Pacific excluding Japan (APEJ) is the largest with high market attractiveness. The gas circuit breaker market in the APEJ region is expected to grow at a high value CAGR of 5.8% during the forecast period.

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Global Gas Circuit Breaker Market: Competitive Analysis
The research study on the global gas circuit breaker market includes a detailed competitive assessment that includes key players such as ABB Group, General Electric, Toshiba Corporation, Hyosung Corporation, Siemens AG, Schneider Electric SE, Hitachi Ltd., Kirloskar Electric Company Ltd., CG Power and Industrial Solutions Limited, Fuji Electric Co., Ltd., HICO America, Nissin Electric Co., Ltd., Elimsan Switchgear Equipment & Electromechanical Industry And Trade Inc., New Northeast Electric Group High Voltage Switchgear Co., Ltd., Mitsubishi Electric Corporation, Koncar-Electronics and Informatics Inc., Hyundai Heavy Industries Co., Ltd., Siyuan Electric Co., Ltd., Stelmec Limited and ALSTOM SA.

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Industrial Magnetrons Market is expected to grow at a CAGR of Approximately Over 2017-2026

Future Market Insights’ recently compiled report projects the global industrial magnetron market to exhibit an above-average growth over the forecast period (2017-2026). Global sales of industrial magnetrons are estimated to reach approximately US$ 6,000 Mn in revenues by 2026-end.

Growing Emphasis on Reducing Operational Costs Leading to Development of Advanced Industrial Magnetrons

Magnetrons serve different purposes subject to objectives of various end-use industries. For example, industrial magnetrons are utilized for moisture-reduction in the pharmaceutical industry, and for enabling different types of coatings to plastic and rubber materials in the coatings industry. Adoption of industrial magnetron has witnessed a steady rise in the recent past. However, growing emphasis on minimizing the operational costs has encouraged manufacturers in making advancements in industrial magnetrons. Demand for industrial magnetrons is further influenced by a slew of microeconomic and macroeconomic factors such as overall growth prospects of the global industrial sector, government policies, technological evolutions and growing demand from end-users.

In various industrial settings, processing of continuous material flow creates demand for the continuous-wave magnetrons. The EM-shielded chamber has been basically cooled by utilizing water or air, in a bid to prevent overheating of industrial equipment. Both water- & air-cooled magnetrons have been widely utilized in the industrial settings, however demand for air-cooled industrial magnetrons are likely to remain comparatively higher owing to their cost effectiveness. Heating and drying process underpins most of the demand for magnetrons in many industrial settings. Requirement for industrial magnetrons in plasma generation has therefore gained a steady increase since the recent past.

North America to Lead the Market in Terms of Revenues

North America will continue to lead the global industrial magnetron market, in terms of revenues. Revenue share of Europe and Asia-Pacific excluding Japan (APEJ) will also remain high in the market. The industrial magnetron market in APEJ will register the highest CAGR through 2026, followed by North America. Middle East & Africa, Latin America and Japan will remain least lucrative markets for industrial magnetron.

Based on product type, continuous wave industrial magnetrons will continue to dominate the market, with revenues projected to account for over two-third market share by 2026-end. Sales of continuous wave industrial magnetron will register an impressive expansion through 2026. Demand for pulsed industrial magnetron will remain relatively lower in the market.

Industrial Magnetrons with X band will Remain Sought-after in the Market

On the basis of operating frequency, industrial magnetrons with X band will remain sought-after in the market, trailed by Ku & Ka Band and C band. Sales of industrial magnetrons with Ku & Ka band will reflect the fastest expansion through 2026, closely followed by those with X band.

Based on cooling type, air-cooled industrial magnetrons will remain preferred in the market, with sales poised to surpass revenues worth US$ 3,000 Mn by 2026-end. Revenues from water-cooled industrial magnetrons will account for over two-fifth share of the market by 2026-end. Radar systems will continue to be the most lucrative applications of industrial magnetrons. However, sales of industrial magnetrons for medical applications will reflect a relatively faster expansion through 2026.

Establishment of new manufacturing facilities associated with various industries and growing investment in R&D activities by leading market players have created demand for industrial magnetrons. Prominent players in the market are increasingly focusing on the development of energy-efficient industrial magnetrons. Key market participants identified by the report include STT International Limited, MDP Components, Richardson Electronics, Ltd., CPI International Inc., Teledyne E2V Limited, MUEGGE GmbH, L3 Technologies, Inc., Hitachi Ltd., Toshiba International Corporation, and Panasonic Corporation.

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Market TaxonomyMoving further, the report imparts forecast on global market for industrial magnetron based on a segmentation-wise analysis. Classifying the global market for industrial magnetron into five key segments viz. applications, cooling type, operating frequency, product type, and region, the report provides associated market numbers on the basis of Y-o-Y growth comparison, the market share comparison, and revenue comparison.

Geographically, the global industrial magnetron market has been characterized into Middle East & Africa (MEA), North America, Latin America, Asia-Pacific excluding Japan (APEJ), Europe, and Japan.

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Continuous Wave
  • Pulsed

Operating Frequency

  • L Band
  • S Band
  • C Band
  • X Band
  • Ku & Ka Band

Cooling Type

  • Air Cooled
  • Water Cooled

Applications

  • Industrial Heating Equipment
  • Radar Systems
  • Medical Applications
  • Others

Heat Recovery Steam Generator Market estimated to grow at a steady 5.7% CAGR by 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

Global heat recovery steam generator market to reach US$ 1.1 Bn in 2021. Demand for energy-efficient solutions for power generation, coupled with increasing investments in power plant efficiency enhancements are identified as chief growth drivers.

Owing to these factors, the market is estimated to grow at a steady 5.7% CAGR, with the U.K., the U.S., Germany, and Japan emerging as key producers.

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In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, due to rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

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Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

Top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

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Key Segments:

By Design Type:

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)