pH Meter Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

More than 1.6 million pH meters were sold in 2018, according to a new analytical study of Future Market Insights (FMI). While the unit sales of pH meter market has been estimated to grow by promising 4.7% Y-o-Y in 2019, over 85% of the total sales will be accounted by digital pH meters. In terms of revenue, FMI’s analysis opines that the global pH meter market value will grow at a CAGR of more than 5% over 2019-2027.

Government Regulations Pertaining to Water Treatment Bolster Demand Worldwide

North America is expected to capture a significant share of the pH meter market due to the high adoption of water quality testing machines, which is fuelled by stringent government regulations pertaining to water treatment plants. As per these regulations, water treatment plants need to lower the presence of pollutants that can affect the environment and quality of water.

Moreover, the destructive effect of acidic or alkalinity on high-cost equipment and pipelines, such as condensers, boilers, etc. in the oil & gas and chemical industries, is also expected to boost adoption of pH meters.

In Europe, the demand for pH meters is increasing in the field of pharmaceuticals and food & beverages industries for checking the acidity of samples. In addition, developing countries in the Asia-Pacific region excluding Japan (APEJ), such as India and China, are undertaking initiatives to reinforce policies about the quality of water and its uses, which is another factor that is estimated to drive the pH meter market over the forecast period.

ph meter market

pH Meter Becoming an Imperative Control Parameter

pH meters are used significantly in scientific, industrial, and household applications across numerous industrial sectors, such as power industries, pharmaceuticals industries, food & beverages industries, the mining sector, and the oil & gas sector. However, according to FMI, burgeoning applications of pH meters in chemical and petrochemical industries will hold a major share in growth of the pH meter market across the globe over the forecast period.

The importance of determining the properties of a chemical samples has been on the rise, which remains the important factor to trigger a high demand for pH meters in the chemical and petrochemical industries for petroleum refining processes. pH is thus becoming an important control parameter in the petrochemical and chemical industries and this is likely to influence upcoming trends in the pH market during the foreseeable future.

Growing Demand for pH Meters in Healthcare Industry

pH meters are commonly used for calculating pH of whole blood PLTs (WBPs) as they are an important equipment used in surrogate test of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

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Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter

The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.

Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by the governments and organisations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.

In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions

According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.

Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, and Hach.

pH Meter Market: Segmentation

On the basis of end use

  • food & beverages
  • pharmaceutical & hospitals
  • biotechnology
  • chemical & petrochemical
  • environmental research
  • educational institutes
  • water & waste water management

On the basis of product type

  • digital
  • analogue

On the basis of modularity

  • portable
  • benchtop pH meters

Global Optical Spectrum Analyzer Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2030

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.5% CAGR during the forecast period from the year 2020 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

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Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Thorlabs has launched their new Dual-Function Broadband Spectrometer and Wavelength Meter equipped with FC/PC Fiber Connector and Free-Space Optical Input. This type of optical spectrum analyzer is capable of working in two modes- spectrometer mode (7.5 GHz resolution) and wavelength meter mode (0.1 ppm resolution).

Key Segments
Product Type 

  • Portable
  • Benchtop
  • Handheld

Mode Type

  • Spectrometer Mode
  • Wavelength Meter Mode

End Use

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

Electric Toothbrush Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

According to the market report published by Future Market Insights titled ‘Electric Toothbrush Market: Global Industry Analysis and Opportunity Assessment 2019-2027’ the revenue generated from electric toothbrushes is estimated to be valued at over US$ 3,483.3 Mn in 2019, which is projected to increase at a CAGR of 7.4% during the forecast period (2019-2027).

High prevalence of periodontal diseases and increasing awareness about the advantages of electric toothbrushes are prominently driving the market. Increase in awareness about oral hygiene, periodontal diseases such as plaque build-up to increase the life of the teeth are among factors driving the global electric toothbrush market. Growing oral health concerns among senior citizens, patients, and children owing to periodontal diseases are promoting the usage of oral hygiene products,. which is generating high demand for electric toothbrush in the global market.

2013-2021 Global Electric Toothbrush Market Outlook Compared to 2022-2027 ForecastThe increasing prevalence of dental diseases is the main cause that is resulting in higher adoption of dental care products by the consumers. The increased awareness of oral hygiene at all times and its importance in living a healthy life is leading to change in preference of customers from conventional oral care products to contemporary oral care products such as electric toothbrush.

The technologically embedded toothbrush offers longer use time along with better cleansing properties that helps cleanse dental plaque much better than the manual treatments. The excessive removal of tartar is another factor leading to the increased adoption of such automatic toothbrush by the consumers.

The growing market for oral care products has pushed manufacturers to offer more variety of products such as battery powered and rechargeable toothbrush. The technologies have the capability of rotating at 7,000-30,000 strokes per minute, whereas the manual toothbrush can complete 300-400 strokes per minute. Factors as such are appealing to the customers, alternatively, leading to higher number of customers’ preferring electric toothbrush over the conventional oral care methods.

Research Highlights: Global Electric Toothbrush Market

  • The ease of usage will remain the driving force positioning an electric toothbrush as a smarter choice over manual toothbrush, despite a higher price point.
  • An electric toothbrush integrated with advanced technologies such as rotation oscillation, and sonic will continue to witness solid demand over the forecast period.
  • Innovative electric toothbrush variants that are equipped with several features to help people develop appropriate brushing habits will gain traction.
  • Multiple brushing modes of electric toothbrush models specialized for teeth whitening, and sensitive teeth brushing among others will continue to witness steady popularity.

Tech-driven Innovations Improve the Ease of Electric Toothbrush Usage

Electric toothbrush has several advantages over manual toothbrushes. Unlike manual toothbrushes, electric toothbrushes are integrated with efficient technology of improving conditions such as gingivitis that ultimately result in plaque formation. These toothbrushes are equipped with brush heads that are replaceable, and they provide reminders for due replacement.

Furthermore, an electric toothbrush is equipped with pressure sensors that provide information on hard brushing. Electric toothbrush is being increasingly perceived as easier and safer over conventional counterparts, especially in case of children and seniors. Research also says that even arthritis patients find it easier and more comfortable to use electric toothbrush, as it is less painful than its manual variant.

Continuously Evolving Electric Toothbrush Designs: An Emerging Market Trend

Toothbrush is typically designed to remove dental plaque without damaging the hard and soft tissues of teeth and gums. Modernized toothbrush designs are better equipped with cutting-edge technologies that make them more efficient in terms of brushing capabilities.

The global electric toothbrush market is likely to grow at a CAGR of 7.4% during the forecast period, in terms of revenue. According to FMI’s report, North America will secure the largest market share in electric toothbrush landscape owing to maximum prevalence of oral health conditions and awareness, coupled with rapid adoption of electric toothbrush and other advanced technology enabled products.

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Global Electric Toothbrush Market by Category

By Product Type:

  • Rechargeable
  • Battery Powered

 By Head Movement:

  • Sonic/Side-By-Side
  • Rotation/Oscillation

By Price:

  • Economy
  • Mid-Range
  • Premium

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores & Pharmacies
  • Convenience Stores
  • Online Retailers
  • Other Sales Channels

By Region:

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

TDS Meter Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

TDS meter market revenue closed in on US$ 1.5 billion in 2018, according to a new analytical study of Future Market Insights (FMI). The global TDS meter market value is likely to see nearly 5.4% yearly growth in 2019.

Extensively used in water purification applications, waste water regulation, and hydroponics, TDS meter finds wide applicability within governments (municipal corporations), industrial sectors, aquaculture industry, environmental science research, as well as in aquariums. Increasing adoption of TDS meters for testing the quality of water in pools & spas, residential areas, and hospitality segments further prompt at the positive growth outlook for global TDS meter market, in terms of revenue.

High demand for TDS meter to be witnessed for potable water testing

TDS meters help determine the adequate level of the concentration of total dissolved solids in tap water, which has been set at 500 ppm by EPA (the Environmental Protection Agency). TDS levels higher than 1000 ppm are considered dangerous for human beings, as a high TDS level indicates that the water is not potable and is associated with serious potential health concerns.

The demand for TDS meter is increasing for applications related to tap water testing, attributed to the considerable presence of several pesticides, hazardous chemicals, traces of heavy metals, dissolved minerals, and salts in tap water due to land run-off, sewage, and industrial activities.

tds meter market

Increasing Consumption of TDS Meters Poised in Waste Water Treatment Applications

Increasing concerns about water conservation has been contributing to the growth of TDS meter market. Governments of various countries are focusing on waste water treatment to convert waste water into usable water.

Increasing investments by governments to cope with rapid urbanisation, evolving water policies, growing adoption of safe water standards, and criticality of compliance with various international regulations & policies to ensure water safety is driving the TDS meter market.

High compatibility of TDS meters to the testing of physical, chemical, and biological attributes of water will continue to encourage the adoption within waste water treatment segment.

Governments of Emerging Regions to Extend Efforts in Line with “Safe Drinking Water Act”, Fostering TDS Meter Demand

While TDS meter demand will remain concentrated in the industrial sector of developed regional markets, potable water will remain the target area for TDS meter manufacturers within developing regions.

The TDS meter market in APEJ is projected to have a considerable share in the global TDS meter market. Governments are augmenting their investments to meet safe-water standards and comply with water policies, translating into higher demand growth in TDS meter within the APEJ’s market.

On other hand, MEA’s TDS meter market is also expected to grow significantly through 2027. In the backdrop of presence of the smallest portion of population with safe access to potable water within the region, WHO has released strict guidelines pertaining to the availability of safe potable water for people in MEA. FMI’s study has cited this as an important factor pushing sales of TDS meters within the regional market. Governments in the MEA region are also focusing on improving the quality of water, which is another factor driving the TDS meter market in the region.

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Tier 1 Companies in TDS Meter Market Focus on

As per FMI’s analysis, Hanna Instruments, Bante Instruments, HM Digital Ltd., and Halma are among the Tier 1 manufacturers of TDS meters, which are likely to maintain their strategic focus on product upgrades and new launches. Vendors will also continue to invest heavily in strategic acquisitions, as suggested by the report.

  • In 2018, Bante Instruments, one of the key manufacturers of TDS meters based in China, introduced a pocket TDS tester with an accuracy of ±1% F.S and temperature compensation of 50°C for measuring the purity of water and low-concentration liquids.

FMI’s report profiles some of the key vendors partaking in the competitive landscape of global TDS meter market, including Palintest, Hach, Apera Instruments, Eutech Instruments Pvt. Ltd., Panomex Inc., Horiba Ltd., Geotech Environmental Equipment Inc., Optiqua Technologies Pvt. Ltd., Intertek Group Plc, Systonic, General Tools & Instruments LLC, Pentair Plc, Milwaukee Instruments, Inc., Presto Group, and Precision Scientific Instruments Corporation among others.

Key SegmentOn the basis of product type

  • pen type TDS meter
  • portable TDS meter
  • benchtop TDS meter

On the basis of test range

  • auto range
  • low range (<2000ppm)
  • high range (>2000ppm)

On the basis of end use

  • governmental (municipal bodies)
  • agriculture
  • industrial
  • environmental sciences
  • aquariums
  • others

Moisture Analyzer Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Future Market Insights (FMI) has recently published a report titled ‘Moisture Analyzer Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027.’ According to FMI, the global moisture analyzer market is estimated to increase at a CAGR of 4.9% during the forecast period. In addition, the moisture analyzer market was calculated at US$ 938.7 Mn in 2018, and is expected to grow substantially to reach US$ 1,442.0 Mn by 2027, owing to constant developments in the food & beverages, as well as chemical industries, across the globe.

Moisture analyzers are essential for the identification and measurement of the moisture content as well as water content in raw materials as well as finished products. The increasing adoption of moisture analyzers in several industries, such as food & beverages, pharmaceutical, chemical, oil & gas, and others, is a vital factor driving the moisture analyzer market.

The demand for moisture analyzers is increasing due to rapid growth in industrialization to meet the ever-increasing demand for high-quality production facilities. The moisture analyzer market is expected to witness significant growth during the forecast period in countries, especially those of the Asia Pacific region, where the industrialization index is high.

Highly Regulated Food Safety Analysis is expected to generate high demand for moisture analyzers

Moisture analyzers are extensively used in the food and beverages industry for the identification and measurement of the moisture content in food products because of their high sensitivity and specificity. Moreover, the determination of the moisture content and water content in a food sample with the help of a moisture analyzer helps identify the quality of the same. In addition, the growing demand for analytical methods to provide a suitable analysis of the moisture content in food items to ensure their quality is a major factor driving the moisture analyzer market.

National as well as international standards define the acceptable thresholds for moisture content in the products sold commercially.

  • Regulatory bodies such as the GFSI (Global Food Safety Initiative), IFS (International Featured Standards), and BRC (British Retail Consortium) heavily influence the production, processing, and sales of food
  • For instance, According to chapter 6 of Food Analysis from S. Suzanne Nielsen, official procedures and methods for moisture analysis are significant as the method used to determine moisture may lead to changing results of moisture content, depending on the form of the moisture present in a food.

Moreover, the growing food industry in Asia Pacific, especially in China, India, and Japan, is creating potential opportunities for the usage of moisture analyzers in the food safety and food quality analysis sector, thus driving the moisture analyzer and supplies market.

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Growth of Automation in Production Facilities is driving the growth of Moisture Analyzers Market

Increasing automation in the production facilities of food and beverages has resulted in the trend of in-line moisture analysis. Several food research organizations and production facilities are using and adopting advanced in-line moisture analysis systems for smooth production processes.

Furthermore, constant innovations in moisture analyzer systems and the applications of moisture analyzers are increasing rapidly in different manufacturing areas. The industries of today are continuously looking for ways to improve their productivity and maximize the quality standards of their food testing facilities.

Moisture analyzers are now available in digital and automatic operation modes, which are more preferred by food and beverage production facilities for maximizing the efficiency of different processes such as quality testing and packaging. Moreover, for sustaining in the changing business environment, manufacturers are constantly introducing innovations to deliver industry-compliant products with improved functional abilities and advanced features.

Increased Demand for moisture analyzer from highly regulated chemical industry

The chemical industry is being governed by several stringent rules and standards that are enforced by various regulatory bodies and organizations. These standards and regulations help maintain the essential levels of safety for consumable as well as non-consumable products.

  • For example, REACH regulations of European Union, which clearly states the exact commercial compositions of the chemicals in each and every thing sold in the region.

This is a major factor boosting the demand for moisture analyzers from the chemical industry to ensure that chemical compositions are meeting the stringent standards and are of the highest quality. Furthermore, the availability of technologically advanced moisture analyzers and their ease of installation & operations is also contributing to the growth of the moisture analyzer market.

Key Segment

On the basis of product type

  • desktop
  • in-line
  • handheld moisture analyzers

On the basis of analysis technique

  • loss on drying
  • infrared radiation
  • microwave radiation
  • Karl Fischer titration
  • capacitance

On the basis of industry

  • food & beverages
  • agriculture
  • chemical & pharmaceutical
  • pulp & paper
  • manufacturing
  • construction
  • other industries

Water Hauling Services Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Estimated to reach nearly US$ 45 Bn by the end of 2027, the global market for water hauling services will observe a passive growth outlook over coming years. As indicated by a recent research study of Future Market Insights (FMI), a majority of demand for water hauling services will be generated from the construction & agriculture industries, coupled by favorable government initiatives.

Sluggish Growth Estimated for Water Hauling Services Market through 2027

Water hauling services have been in use for transportation of water/wastewater across residential, commercial, and industrial sectors for applications such as irrigation & agriculture, filling of swimming pools, construction activities at oilfields during oil extraction, emergency & disaster events, and water treatment for residential usage. However, FMI’s analysis forecasts a sluggish below-3% CAGR for the water hauling services market revenue over 2018-2027.

  • Construction & projects will continue to represent the most attractive application area for water hauling services providers.
  • Industrial sector will remain the top end-use segment in the water hauling services market, majorly driven by oil & gas industry’s resurgence.
  • Demand from residential sector likely to gain a slight uptick from the falling price point of water hauling services.

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MEA Likely to Emerge Attractive, Reflecting Relatively Higher Growth Potential

The water hauling services market in North America is expected to dominate the global water hauling services market, as the region continues to register maximum demand and high accessibility owing to strong presence of several local water hauling service providers in the region. While the market in Europe and Asia Pacific is also anticipated to record modest growth, the report has identified relatively higher growth potential in the MEA region.

African government has been contributing toward the growth of water hauling services market by generating demand within the disaster and emergency management segment. Driven by this, in addition to the thriving tourism and hospitality industry, the Middle East and African region will reportedly generate relatively higher demand for water hauling services.

Local Companies Retain Dominance in Regional Water Hauling Services Markets

According to the report, the water hauling services market is expected to be highly fragmented due to the dominance of local players within respective regional territories. The report has covered detailed strategic profiles of some of the most prominent players active in water hauling services landscape, including EZ Machinery, Fueloyal Inc., Patrik’s Water Hauling Ltd., HB Rentals, L. C., GEI Works, Dalton Water Company, Andy’s Water, Water-2Go, Zemba Bros., Inc., Hubert Water Hauling Service LLC, GeeTee Holdings Inc., DONLEYWATER, Gibson Energy Inc., and Big Rock Water Hauling Services among others.

Some of the water hauling service providers specialize in transportation of the wastewater collected during extraction at oilfields, for water treatment. Whereas, several others hold expertise in transportation of water across varying industry verticals. A majority of the operators in market continue to focus on providing 24×7 seamless experience to end users, which will remain an important factor sustaining the revenue of water hauling services market.

Key Segments

By Application

  • Irrigation & Agriculture
  • Swimming Pools & Outdoor Recreations
  • Construction & Projects
  • Oilfield Demand
  • 24 hour emergency Response & Fire Fighting
  • Others (Storage Tanks, Residential Drinking Purposes)

By End User

  • Residential
  • Commercial
  • Industrial

Region

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

Advance Wound Care Market is expected to register a CAGR of 3.7% during the forecast period (2021-2031)

[284 Pages Report] According to a recent study by Future Market Insights (FMI), the advance wound care market is expected to grow from US$ 10.7 Bn in 2021 to US$ 15.4 Bn by 2031. The market is poised to expand at a CAGR of 3.7% over the forecast period (2021-2031).

Rising prevalence of chronic wounds has created a significant socioeconomic impact. The treatment of chronic wounds requires advance wound care therapies and generally takes long time to heal. The prevalence of diabetic ulcers is rising by 9% annually.

Growing patient pool for diabetic foot ulcer is increasing as compared to the available advance wound care management technologies. Currently, there are more than 4.5 million pressure ulcer patients in the world that require treatment.

More than 9.7 million venous ulcer patients and roughly 10.0 million diabetic ulcer patients require treatment across the world. Annually, over 5 million chronic leg ulcer cases occur in Brazil, while approximately 2.7 million chronic leg ulcer cases occur in Mexico.

Hence, with rising need for advance wound care products for the treatment of various chronic disorders, adoption within hospitals and ambulatory surgical centers is expected to increase. Thereby, bolstering market growth.

Number of pressure and venous ulcer patients has grown from approx. 7% in developed countries, such as the U.S., Germany, and the U.K., which is further expected to drive the growth of the market for advance wound care products.

Focus on collaboration with surgeons for better wound management, improvement and streamlining of regulatory processes and inter and intra-departmental collaboration between surgeons and their support staff for wound management plays a key role in ensuring better wound management and promotes the growth of the advance wound care market.

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Key Takeaways from Advance Wound Care Market Study

  • By product, wound cleansers segment is likely to grow at a CAGR of 4.6% in the projected period, occupying a market share around 30% by 2031.
  • By distribution channel, the institutional sales are projected to capture over 70.2% market share of the global advance wound care market by 2031.
  • North America is the largest revenue-generating region for the global advance wound care market, with the U.S. accounting for nearly 90% market share in 2031.
  • China is expected to spearhead the growth in East Asia advance wound care market and is poised to expand at an impressive pace of 7.0% CAGR over the decade.
  • East Asia is the third most lucrative market, acquiring a market share of more than 15%, for the advance wound care market.

“Increasing prevalence of chronic wounds and growing awareness towards adoption of medical treatment across the globe will propel the market growth over the next ten years,” says the FMI Analyst

Who is Winning?Some of the leading manufacturers of advance wound care market are focusing on product launch and expansion strategies for global expansion objectives, thereby, enhancing their market presence.

  • In June 2021, Mölnlycke started a new surgical glove factory in Malaysia to increase its production capacity. The new surgical glove reduces the risk of allergic contact dermatitis for surgeons and nurses.
  • In Feb 2021, Coloplast A/S launched Biatain® Fiber portfolio to contribute positively to the market’s growth in France and Germany. Technology is an absorbent gelling fiber, for highly exuding wounds, sloughy wounds and cavity wounds including undermining and facilitates autolytic debridement and desloughing which promotes the wound healing process.
  • In June 2021, Ethicon Inc. launched the ENSEAL X1 Curved Jaw Tissue Sealer, a new advance after-surgery wound healer. It’s a   Bipolar energy device increases procedural efficiency and provides stronger sealing of wound.

The key market players covered by FMI include B. Braun Melsungen AG, Mölnlycke Health Care, ConvaTec Group plc, Coloplast A/S, Johnson and Johnson, Medline Industries Inc., 3M, QIAGEN N.V, Essity AB (BSN Medical), Smith and Nephew plc, BOENMED, Hakuzo Medical Asia Co. Ltd.

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Advance Wound Care Market by CategoryProduct:

  • Hydrogels Dressings
    • Antimicrobial Hydrogel Dressings
    • Non-Antimicrobial Hydrogel Dressings
  • Semi-Permeable Films Dressings
    • Semi-Permeable Films Dressings
  1. Antimicrobial Bordered Film Dressings
  • Antimicrobial Gels
  • Antimicrobial Powder
  • Concentrated Surfactant
  • Skin Protectants
  • Wound Cleansers
  • Honey Dressings
  • Unna Boots
  • Tapes

Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Long Term Care Centers
  •  Retail Sales

Region:

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

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Wet Wipes Market is expected to top US$ 3.7 Billion in 2021, growing at a CAGR of over 7.6% during the forecast period (2021-2031)

[250 Pages Report] According to a recent study by Future Market Insights (FMI), the sales of wet wipes are expected to top US$ 3.7 Bn in 2021, growing at a CAGR of over 7.6% during the forecast period (2021-2031).

Increasing health-care related issues and the rising prevalence of infectious diseases and skin-related problems have increased concerns among general population. As a result, awareness with regards to the adoption of personal care and hygiene practices is at all time high.

Regular usage of sanitizer, wet wipes, and tissues for cleanliness and maintaining proper hygiene has positively affected the wet wipes market. With various wet wipes options available in the market, catering to diverse purposes such as incontinence wet wipes- for urinary incontinence, sterile wound cleansing wet wipe- for cleaning wounds, and skin care wet wipe- for regular use; growth prospects for future remains optimistic.

Traditionally, products such as soap, face wash, cleansing milk, and others which are already available in the market have been in use for personal hygiene for generations. But factors such as easy handling, convenience while travelling, achieving cleanliness of hand and face without using water have buoyed consumer inclination in favor of wet wipes.

Companies specializing in wet wipes have been focusing on developing more innovative products such as fragrance- filled wet wipes, environment-friendly, and biodegradable wet wipes and using wood pulp and cotton to avoid harmful effect on sensitive skin.

Government as well as private companies are involved in specialized marketing campaigns to address the need for wet wipes. Furthermore, mergers, acquisitions and collaboration are undertaken by companies to increase the product portfolio as well as reach. All these factors are expected to create demand for wet wipes.

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Key takeaways from Wet wipes Market study

  • By product, incontinence wipes constitute the most lucrative segment in terms of revenue. The demand for incontinence wipes is expected to increase at a CAGR of over 7% 2021-2031.
  • By disposability, non-flushable wipes segment will hold a revenue share of around 75% in 2021 and is expected to follow the similar growth trend in the future.
  • By application, skin care wipes segment holds the largest share and will continue to dominate this segment in the forecast period.
  • In terms of end user, hospitals are leading the market and are expected to gain more than 25% of revenue share over the forecast period.
  • North America will dominate the global wet wipes market in terms of revenue in 2021, followed by Europe region.
  • India is dominating the South Asia wet wipes market, accounting for nearly 29% of global market share in 2021.
  • China holds leading position in East Asia and is expected to account for nearly 40% of market share.

“Steered by changing consumer preference, market players are rethinking sources of materials used for wet wipes manufacturing. Their focus is shifting towards more sustainable and biodegradable options to reduce the burden of wet wipes disposal on the environment. This will present attractive opportunities for growth of the market in the near future,” said a lead FMI analyst.

Who is winning?Some of the leading manufacturers of wet wipes are focusing on innovative product launches, specialized marketing campaigns, mergers, acquisitions and partnership strategies, thereby enhancing their market presence.

  • In February 2018, Procter & Gamble Co. announced the acquisition of Snowberry, a New Zealand-based skincare company which specialized in natural ingredient products.
  • In August 2020, Kimberly-Clark’s brand Pull-Ups launched a product, New Leaf™. Pull-Ups® New Leaf™ is made with plant-based ingredients like sugarcane and fluff pulp, carefully selected and crafted to provide the high level of protection.
  • In February 2018, Stryker completed the acquisition of Entellus Medical, a medical technology company and strengthen Stryker’s personal care product portfolio.

The key market players covered by FMI include Essity Aktiebolag (publ), Kimberly-Clark, Procter & Gamble, Cardinal Health, Medtronic, Stryker, Coloplast, Hindustan Unilever Ltd., Medline Industries Inc., ConvaTec Inc., The Himalaya Drug Company, Domtar Corporation, Johnson & Johnson Private Limited, Hollister Incorporated and Godrej Consumer Products Limited.

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Want more insights?Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global wet wipes market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on wet wipes segment based on Product (incontinence wipes, Skin Antiseptic wipes, Feminine Hygiene wipes, Skin Care wet wipes and Sterile Wound Cleansing wipes), Disposability (Flushable wipes and Non-Flushable wipes), Application (Incontinence, Skin Care, Personal Hygiene and Wound Care) and End User (Hospitals, Clinics, Speciality Centres, Long Term Care Centres and Homecare settings) across seven major regions.

Wet wipes Market by CategoryProduct

  • Incontinence wipes
    • Baby Wipes
    • Adult Wipes
  • Skin Antiseptic Wipes
  • Feminine Hygiene Wipes
  • Skin Care Wet Wipes
  • Sterile Wound Cleansing Wipes

Disposability

  • Flushable Wipes
  • Non-Flushable Wipes

Application

  • Incontinence
  • Skin care
  • Personal Hygiene
  • Wound Care

End User

  • Hospitals
  • Clinics
  • Speciality Centers
  • Long term care centers
  • Homecare Settings

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Region

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

Insulin Pens Market to surpass a valuation of US$ 30,407.5 Million by the end of 2021

[200 Pages Report] The incidence of diabetes is rising as poor lifestyle choices remain prevalent across the world. Insulin pens are widey adopted solution for administering treatment to diabetes patients. Considering this, Future Market Insights forecasts Insulin Pens Market to total US$ 30,407 Mn in 2021.

Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster.

According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential.

Type 2 diabetes cases are common, but it can be prevented or delayed by a healthy diet, consistent physical activity, maintaining a standard body weight and avoiding the use of tobacco. Diabetes can be treated or managed with medicines and regular checking and treatment. Increasing focus on innovative medical products and research are increasingly driving a transition towards insulin pen by diabetes patients.

Leading manufacturers in the insulin pen market are strengthening their market position through collaborations with various health and research organizations. Governments in developed and developing countries are actively taking initiatives to encourage innovative medical products.

For instance, in November 2020, Medtronic introduced CGM integrated smart insulin delivery pen to manage multiple daily dosage insulin injections. Similarly, Insulet expanded its offering of OmipodDASH into additional countries such as Sweden, Finland, Norway, and Denmark.

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Key Takeaways from Insulin Pen Services Market Study

  • Reusable insulin pens are expected to account for over 49% the global market share by 2031, supported by a growing base of environment and cost-conscious consumers.
  • Hospital pharmacies will account for 33.8% of the market share in 2031. The soaring influx of patients for treatment and intensive care support supports growth.
  • The U.S. is projected to be the fastest-growing regional market with a CAGR of 5.6% through 2021-2031 owing to the matured healthcare sector of the country.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 18% and 25% in 2021.
  • China is the largest and fastest growing market in East Asia, exhibiting a 4.7% CAGR through 2031.
  • Australia is leading the Oceania market, accounting for more than 85% of insulin pen revenues in 2021.

“Increasing prevalence of diabetes, technological advancements and rising investments in the healthcare sector will create lucrative growth opportunities for insulin pen manufacturers through the assessment period in 2031,” says the Future Market Insights analyst.

Who is Winning?The global insulin pen market is set to expand due to the rising prevalence of type 1 and type 2 diabetes. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the insulin pen market include but are not limited to NovoNordisk A/S, Sanofi, Eli Lilly, Diamesco Co., Ltd., BigFoot Biomedical, Inc, Medtronic plc, Emperra GmbH E-Health Technologies, YpsoMed AG, and DUKADA Aps.

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Want More Insights?Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels that provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global insulin pen market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the insulin pen treatment market on basis of the main indication in detail, cover every aspect of the market such as technology, dosage form, distribution channel across seven major regions.

Insulin Pens Market by CategoryBy Product Type:

  • Reusable Insulin Pen
    • Refillable Pens
    • Bluetooth Connected Smart Insulin Pen
    • USB Connected Smart Insulin Pen
    • Cartridge
  • Disposable Insulin Pens
  • Smart Insulin Pens Caps
  • Insulin Pump

By Indication:

  • Type 1
  • Type 2

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinic/Center

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-13518

Region:

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

Banana Flakes Market Outlook Cover New Business Strategy with Upcoming Opportunity 2022 to 2032

According to a report published by Future Market Insights titled “Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, the demand for banana flakes is likely to intensify over the coming years owing to the rising demand from new food outlets in developing regions as the expenditure power of consumers in those regions rise exponentially with every passing year. This factor will have a noteworthy impact on the sales of banana flakes across the developing regions as well as increase its revenue on a global basis.

Market Size Value in 2022 US$ 494.0 Million
Market Forecast Value in 2032 US$ 810.2 Million
Global Growth Rate (2022 to 2032) 4.6%
Forecast Period 2022-2032
Market Share of India in South Asia ~25%

Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers.

The expansion of quick service restaurants and food outlets across developing regions such as the Middle East and Africa and Asia Pacific has also led to a positive shift in the demand for banana flakes as a healthy alternate and option of fast foods.

The global banana flakes market is projected to exhibit a CAGR of 4.5% between 2017 and 2027. In 2016, the market was approximately worth US$ 600 Mn and is expected to rise to a valuation of around US$1 Bn by the end of 2027.

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Demand for Infant Nutrition Products to Bolster Revenue Growth Of Market

There are several sectors under the food and beverages industry that have a high demand for banana flakes, one of them being the infant nutrition sector. The infant nutrition sector is an incessantly evolving sector and the competition among the vendors in this particular sector is also rising at a substantial rate.

The growth of retail sales in this segment has further spurred the development of this industry, thus supplementing the demand of the food materials being used in this industry, one of them being banana flakes. Furthermore, banana flakes are highly used in the food industry in the production of breakfast cereals, thus triggering its demand globally.

Banana flakes are also considered significantly effective in controlling diarrhea and related diseases. According to a report by the World Health Organization, the second leading cause of the number of child deaths across the globe is diarrhea. In the last couple of years, banana flakes have been proven to be effective in controlling diarrhea after being fed to critically ill patients.

As a result of the benefits, pharmaceutical companies are initiating on the production of banana flakes based medicines, consequently triggering the sales of banana flakes.

Asia Pacific to Lead in the Coming Years

Asia Pacific is anticipated to grab a major chunk of the pie among all regions. The growing demand for infant nutrition products, especially in China and India is likely to play a pivotal role in the growth of the banana flakes market in the region.  The inclination of consumers on healthy breakfast and quick bites is also acting as a supplementing factor for the global banana flakes market.

However, factors such as the presence of an unorganized market for banana flakes in the region and the preference of banana flour over banana flakes are likely to act as roadblocks in the development trail of the banana flakes market in Asia Pacific.

Nevertheless, the growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run. Banana flakes market APAC is estimated to reach a value of around US$ 560 Mn by 2027 and is projected to grow at a value CAGR of 3.8% during the forecast period.

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Conventional Form to Be the Most Preferred Source for Banana Flakes

Based on source, the global banana flakes market has been bifurcated into organic and conventional. Between these two, the conventional form is anticipated to be the most preferred one owing to its inexpensive nature. The conventional source segment is expected to dominate the global market with a high market valuation and is expected to grow at a moderate rate during 2017-2027.

On the basis of application, the market has been segmented into household, food and beverages, and others. The application of banana flakes will be extensively high in the food and beverages industry mainly owing to its use in cereals and bakery goods. The household application segment is expected to grow at a relatively high CAGR.

On the basis of distribution channel, the market has been divided into direct and indirect channel with direct channel leading among the two.

Companies Striving to Stay Competitive with Channel Expansion as a Core Strategy

In order to stay ahead in the game and surpass their companies, the companies are adopting new strategies such as expansion of consumer base in the global level and adopting different promotional techniques. Some of the key market players are Bardakci Group, Diana Foods, Ingredient Inc., Van Drunen Farms, Orchard Valley Foods Limited, Z Natural LLC, Rabeler Fruchtchips GmbH, Johs.Thoms GmbH & Co. KG, P&G Food Industries, and Top Line Foods.

Source:

  • Organic
  • Conventional

Application:

  • Household
  • Food & Beverage Industry
  • Other Application

Sales Channel:

  • Direct Sales
  • Indirect Sales

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Except Japan-APEJ
  • Middle East and Africa-MEA

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