Global Upper Limb Prosthetics Market Rise At 4.4% Between 2018-2028

Upper limb prosthetic sales in 2019 are estimated to close in on US$ 330 Mn, and record a Y-o-Y growth of 4.4% over 2018, according to a new study of Future Market Insights (FMI). Upper limb prosthetics have been witnessing progressing sales scenario at a modest pace over the recent past. Besides a rising trend of cosmetic prosthetics, prevalence of sports injuries is significantly contributing to the demand growth of upper limb prosthetics in the global market.

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Use of additive manufacturing/3D printing for prosthetics has been gaining momentum within the marketplace, particularly among amputees who are unable to afford the high price point associated with conventional limb prosthetics. Adoption of upper limb prosthetics has been pervasive at hospitals, at a steadily increasing rate. FMI expects a higher rate of adoption across prosthetic clinics in the years to come. However, an expensive price point, coupled with mass production incompatibility, is most likely to limit rapid revenue growth of upper limb prosthetics market.

Several prominent players in the competitive landscape of upper limb prosthetics market are prioritizing new product launches eyeing the opportunities lying in competitive price ranges. While this strategy is likely to aid companies improve penetration into developing markets, others will also focus on development of convenient accessories to assist the usage of upper limb prosthetics – such as hand gloves.

As per FMI’s analysis, a considerable number of companies competing in upper limb prosthetics market are concentrating on providing rehabilitative prosthetic services and amputee care. Consistently increasing demand for prostheses following accidental and aging related disabilities will primarily push sales of upper limb prosthetics. Rapid surge in the number of orthopedic disorders and post-traumatic disabilities will also remain a key factor determining demand for upper limb prosthetics in the near future, according to the report.

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Prosthetic Wrist to Hold over One-Fourth Market Share

Transradial disarticulation (below elbow) will remain the key indication generating maximum demand for upper limb prosthetics. The report points to a higher revenue share of over 1/4th of the total value, collectively contributed by wrist disarticulation and transhumeral disarticulation (above elbow). Sale of partial hand has also been registering a moderately growing share in the market revenue.

Prosthetic wrist sales account for over a fourth of the total market value whereas, prosthetic arm is likely to develop highest-selling potential in the years to come. Prosthetic elbow and terminal devices are currently among highly sought after components of upper limb prosthetics after prosthetic wrist, according to FMI’s study. The combined revenue share of these two in the market has been anticipated to be more than 45% in 2019. However, prosthetic shoulders will also continue to experience moderate demand over the course of next few years.

Almost 2/5th of the total demand for upper limb prosthetics is accounted by myoelectric prosthetic devices, followed by body powered counterparts. As per FMI’s analysis, passive prosthetic devices can be positioned as a relatively lucrative type of upper limb prosthetics.

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North America & Europe Hold over 55% Share in Market Value

While more than 55% share of the global market revenue is contributed by developed regional markets, the penetration of upper limb prosthetics within most of the developing regions remains in its latency. According to FMI’s study, the market in China, India, and some of the fast-developing economies in East and South Asia economies hints at promising growth prospects post 2019. The report attributes this growth to the sophistication of healthcare infrastructure, improvements in reimbursement scenario, rapid expansion of the patient pool, and the flourishing medical tourism sector.

FMI forecasts a 4.8% CAGR for the upper limb prosthetics market revenue over 2018-2028. The report has tracked some of the most prominent players active in the global upper limb prosthetics market, including Fillauer LLC, Touch Bionics Inc., Endolite India Ltd., College Park Industries, and Ottobock SE & Co. KGaA, among others.

Increasing per capita healthcare spending, spike in the private and public investments in R&D, and the influx of activities involving shifting of manufacturing bases to developing regional pockets have also been instrumental in establishing a positive growth outlook for upper limb prosthetics market in these regions.

Stent Graft Balloon Catheter Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Stent Graft Balloon Catheter market is mainly dominated by trends such as introduction of drug eluting balloons. Also increasing inclination to opt for balloons with drug delivery, which can deliver the medication at the local site, are effective alternatives for administering the drug intravenously. However there are several types of balloon catheters available in the market, which helps in curing coronary artery diseases and many such trends expected to dominate the market over the forecast period.

Stent graft balloon catheter, is a soft catheter with an inflatable “balloon” used during a catheterization procedure to enlarge a narrow opening in the coronary artery. These catheters are generally used for expanding vascular prosthesis or during temporary occlusion of large vessels thus used in many endovascular treatment of abdominal and thoracic aortic diseases. Generally the balloon stents are used in bypass graft surgery and balloon angioplasty. These stents prevent the risk of abrupt artery closure and re-narrowing that occurred in many patients operated for angioplasty.Get | Download Sample Copy with Graphs & List of Figures:
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The stent graft balloon catheter market has evolved gradually from simple stents to modified balloon stent catheters. This market comprises of balloon catheters used for stent grafting during angioplasty.

Stent Graft Balloon Catheter Market: Drivers & Restraints

The primary factor for the growth of global stent graft balloon catheter market is the increasing number of hospital admissions attributed to rising incidence of atherosclerosis patients, and rising prevalence of CAD (Coronary Artery Disease) worldwide. Secondly growing healthcare expenditure levels and the introduction of advanced technologiesin balloon catheter drives the market growth for stent graft balloon catheter over the forecast period. However high cost of angioplasty procedures are the factors restraining the market growth of stent graft balloon catheter market over the forecast period.

Stent Graft Balloon Catheter Market: Overview

Depending on geographic region, the stent graft balloon catheter market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Globally, stent graft balloon catheter market is expected to witness healthy growth in the near future due to increasing prevalence of coronary artery disease and the rise in per capita expenditure on healthcare in the developing nations. Stent graft balloon catheter market is anticipated to show highest share is of North America followed by Europe owing to technological advancement, sophisticated healthcare infrastructure and increasing awareness regarding angioplasty procedures available in the market. Also it has been analyzed that balloon catheter stenting for coronary applications has been widely adopted in clinical practice and is associated with improved health outcomes in Europe. Asia-Pacific market is expected to register fastest growth owing to the rise in geriatric population and increasing obesity, which ultimately gives rise to the number of patients suffering for coronary artery diseases over the forecast period.

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Stent Graft Balloon Catheter Market: Key Players

Some of the key market players in stent graft balloon catheter market includes Medtronic, Boston Scientific, Abbott Laboratories, Cordis, Atrium Medical, W. L. Gore & Associates Inc., JOTEC GmbH, QXMédical, LLC etc. these players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, distribution agreements which are their key sustainability strategies. Secondly many local players have started entering in this lucrative market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

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

Peripheral Embolization Device Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Embolization is a process through which embolus is placed into the blood vessel to block the blood flow to a particular area of the body. The embolus is usually a blood clot formed due to clotting of blood cells. However, the artificial embolus is used to close off blood vessels to prevent the blood from reaching a particular part of the body to eliminate abnormal conditions in the body like a renal aneurysm, arteriovenous fistula, hypogastric artery embolization, endoleak embolization, GI bleeding and treatment of tumors. Peripheral embolization is usually used to shrink tumors by blocking the blood flow to it. Peripheral embolization devices often use embolus made up of various drugs which along with blocking the blood flow also are targeted towards the treatment of a tumor. Embolization is efficient and less invasive as compared to open surgery and therefore poses a little risk to the patient.

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Peripheral Embolization Device Market: Drivers and Restraints

The global peripheral embolization device market is driven by the rising incidence of cancer and cardiovascular diseases. According to CDC (Centers for Disease Control and Prevention) by 2025, 19.3 million cases of cancer cases are expected to be diagnosed each year, which in turn is expected to increase demand for peripheral embolization devices for early treatment of malignant tumors. The increasing mortality rate due to cardiovascular diseases is expected to boost demand for peripheral embolization devices.

Increasing cardiovascular patients owing rising global geriatric population is expected to provide high growth opportunities for the peripheral embolization devices manufacturers over the forecast period.  Moreover, technological developments in new peripheral embolization devices aimed to increase safety among patients and ease of use for physicians is expected to provide significant growth opportunities for the peripheral embolization devices manufacturers. However, the high cost of peripheral embolization devices and complications like coil migration, perforations, and spasms among patients is expected to hamper market growth over the forecast period.

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Peripheral Embolization Device Market: Region – wise Outlook

The peripheral embolization device market is expected to witness healthy growth throughout the forecast period with North America expected to be the leading market. High demand for peripheral embolization devices from cancer patients is expected to boost the market growth over the forecast period. Favorable reimbursement policies and up gradation in the compensation for the patients is North America is projected to drive demand for peripheral embolization devices in North America over the forecast period.

Moreover, several global manufacturers in this region are expected to promote the use of peripheral embolization devices and in turn is supposed to increase the adoption rate of the devices. Western Europe is expected to be second largest market followed by North America owing to high awareness related to the use of peripheral embolization devices for treatment of cardiovascular and bleeding disorders. APEJ (Asia-Pacific excluding Japan) and Japan are expected to follow next after Western Europe owing to high population and increasing the incidence of cardiovascular diseases in these regions along with growing per capita healthcare expenditure in countries like India and China. Eastern Europe and the Middle East and Africa (MEA) is expected to increase significantly owing to the rise in cancer incidence rate and manufacturers focusing on expansion strategies in this regions.

Peripheral Embolization Device Market: Key Players

Some key players in peripheral embolization market are Boston Scientific Corporation, Medtronic, Inc., Cook Medical, St. Jude Medical, Inc., Penumbra, Inc., Metactive Medical, Inc., Terumo Corporation and others. The companies are focused on development of new peripheral embolization devices with increased safety and ease of use.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes

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

Global Kids Sports Injury Treatment Market: Notable Developments & Geographical Outlook

The associated risk of an injury increases by a lack of protective gear during sports activities like hockey, boxing, wrestling, skateboarding, Ice hockey, soccer, snow skiing or snowboarding, bicycling, baseball, softball, basketball. Kids sports injuries are injuries which may either develop as a result of inappropriate practice or training. Head injury, elbow injury and soft-tissue injuries are the most common sport injuries in kids. According to the United State Centers for Disease Control and Prevention, more than 38 Mn adults and children in the U.S. participate in organized sports competitions every year and approximately 2.6 Mn will be treated for injuries related to sports.Get | Download Sample Copy with Graphs & List of Figures:
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Kids Sports Injury TreatmentMarket: Drivers and Restraints

The primary factor for the growth of global kids’ sports injury market is growing accidents during practice or during performance as the number of children participants in sport activities increases every year from all the age groups. Adequate sports training programs are conducted through private trainers and sport clubs to reduce the accident rate while training so that associated risks are minimized during performances or competitions. Main factor that restrain the global kids sports injury treatment market is increasing awareness of the parents, providing modified training programs and using safety tools, equipment or safety apparels for the children while practicing.

Kids Sports Injury Treatment Market: Overview

According to the data from the United State Consumer Product Safety Commission’s National Electronic Injury Surveillance System of 100 hospital emergency departments, most of patients that are injured between the age of five and 16 years are injures while playing or practicing basketball, football, baseball, ice hockey, soccer or softball. A kid should get first-aid attention immediately for acute injuries. A visit to a pediatrician is essential even if the injury appears normal and proper diagnosis is necessary for quick healing.

Kids Sports Injury Treatment Market: Region-wise Outlook

The global kids’ sports injury treatmentmarket is expected to register a healthy CAGR during the forecast period. Depending on geographic region, global kids’ sports injury treatment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America held largest share in the global market of kids’ sports injury treatment market followed by Europe, Japan and APAC owing to increase in the number of accidents while playing and developed healthcare infrastructure. The developing nations in APAC, MEA hold huge potential for growth in the global kids’ sports injury treatment market, due to the awareness and concern in the parents in regards to their children.

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Kids Sports Injury Treatment Market: Key Players

Some of the key participating global players in kids’ sports injury treatment markets are Stop Sports Injuries, Arthrex, Inc., Smith and Nephew plc. Stryker Corporation, Zimmer Biomet Holdings Inc.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

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

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Knee Replacement Market: Notable Developments & Geographical Outlook

Rapidly increasing geriatric population coupled with growing prevalence of the degenerative disease has been stimulating the growth of knee replacement market. Technologically advanced implant material coupled with development of the customized replacement implants has been forecasted to gain significant traction in knee replacement market. Growing awareness regarding the advantages of knee replacement has resulted in increased number of adult population undergoing early knee replacement surgeries. Rising demand for usage of 3D technology is anticipated to significantly drive the revenue growth of knee replacement market.

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Steady development in the reimbursement scenario coupled with growing government initiatives has led to reduced cost of the knee replacement surgeries, thereby providing beneficial impacts on the growth of knee replacement market. Partial knee replacement procedure is expected to gain significant traction in the forthcoming years owing to growing surgical need for only damaged knee component together with least erosion of the healthy tissues.

Ambulatory surgical centers are anticipated to contribute significantly towards the growth of knee replacement market in the forthcoming years owing on account of low costs associated with the surgery as well as rapidly increasing immediate need in the facility for timely processes without long delays, thereby benefitting in expansion of customer-base. In addition, personalized care offerings by the ambulatory healthcare facilities further drives the demand for ambulatory surgical center

Knee Replacement is the common joint replacement surgery that are undertaken for patients with knee damaging diseases such as osteoarthritis, post-traumatic arthritis or rheumatoid arthritis. The rising number of elderly patients followed by the increasing number of surgeries undertaken is anticipated to grow the global knee replacement market. The surgical procedure of knee replacement is inclusive of various steps taken to implant the artificial device and replacement of the damaged knee. There are many different types of implants – which are made of metal alloys, ceramic material, or strong plastic parts.

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Knee replacement is one of the most effective and widely used ways to relieve the knee arthritis pain. Technological advancements in the knee replacement market such as minimal invasive surgery, improved implant materials and their success rates are allowing even the younger population to undergo knee replacement surgery ultimately driving the global knee replacement market significantly. The global knee replacement market is also promoted by the technologies such as 3D printed knee implants which is being manufactured by the U.S. based medical company ConforMIS.

The emerging knee replacement market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with aggressive marketing activities and growing awareness among people.

Knee Replacement Market: Drivers & Restraints

The knee implants market is expected to grow due to several factors such as increasing rate of old-age diseases like osteoporosis, diabetes, obesity, arthritis; ageing population and sports-related injuries. Conversely due to existing and upcoming advance technologies such as minimal invasive surgery and better implant materials are making it more widely accepted even by the younger populace.

Despite of being widely used procedure for curing extremely debilitating diseases, such as osteoarthritis, the global knee replacement market is facing some challenges such as economic slowdown that is preventing the market from growing. Some of the other growth restraining factors of the global knee replacement market can be high surgery cost, increasing competition, increasing number of OEM’s in the market and growing awareness for some non-surgical treatment methods such as exercises, weight loss, walking aids, shoe inserts and pain killer medicines.

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Knee Replacement Market : Region-wise Outlook

The knee replacement market is expected to register a favourable growth for the forecast period, 2015?2025. The North America and Europe are projected to endure control on the global knee replacement market followed by Asia and Middle East. Europe and North America are expected to register a double digit growth in forecasted period. The demand for knee replacement surgery devices in surging across Asian regions. The factors contributing to the rising demand in APAC are growing awareness for the possible treatments, increasing number of elderly population and following patients with knee joint afflictions.

Cataract Surgery Devices Market: Notable Developments & Geographical Outlook

Cataract Surgery is the removal of the eye’s clouded natural lens, and replacing it with an artificial lens that helps restore vision to the eye. Without removing the cataract surgically, most patients with cataracts suffered with the blurred vision, if not complete blindness. Surgically removing the cataract is the only way to restore vision and see the world clearly once again. The cataract operation is normally an outpatient procedure, and most patients are discharged immediately after the cataract surgery.Get | Download Sample Copy with Graphs & List of Figures:
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Cataracts are the most common worldwide cause of impaired vision and are a particular problem in developing countries, where they commonly lead to blindness. According to National Institute of Eye. The risk of cataract increase with each decade of life starting around age of 40. By age 75, half of Americans have cataract. By age 80, 70 percent of American population have cataract.

Cataract Surgery Devices Market: Drivers and Restraints

Cataract surgery devices global market is driven by the aging population, increased prevalence of ocular disorders.

Cataract surgery devices global market drives the geriatric population, increase in the prevalence of ocular disorders, technological advancement in healthcare around the globe and growth in the emerging economies. However, lack of healthcare insurance, lack of general awareness among people about eye disorders and poor primary healthcare infrastructure are some factors that act as a barrier for this market.

Cataract Surgery Devices Market: Overview 

With rapid technological advancement in healthcare, increase in the prevalence of ocular disorders, and the aging population. The cataract surgery devices global market is expected to have a healthy growth rate in the forecast period (2015-2025).

Cataract Surgery Devices Market: Region-wise Outlook

Depending on geographic region, global cataract surgery devices marketis segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Due to the high population Asia-pacific shows the fastest growth, and due to the large geriatric population North America and Europe have the high growth rate.

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Cataract Surgery Devices Market: Key Players

Some of the key participating global market players in cataract surgery devices are Carl Zeiss Meditech AG, Bausch & Lomb Inc., Alcon Incorporated, NIDEK Co. Ltd., Essilor International S.A and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

Ask Us Your Questions About This Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-635

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

Global Galactose Market Is Expected To Rise At A 5.6% CAGR, With The Market Valuation Projected To Reach Of US$ 45,112.9 Mn In 2031

As per a recent market analysis by Future Market Insights (FMI), demand for galactose is expected to rise at a 5.6% CAGR, with the market valuation projected to reach of US$ 45,112.9 Mn in 2031. Changes in consumers’ eating habits, along with increasing consumption of ready-to-eat meals due to hectic lifestyle and busy schedules are some trends driving sales of galactose in the food and beverage industry.

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Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

In addition to this, increasing demand for galactose from the personal care industry is anticipated to bode well for the market. Galactose is an exfoliant, which removed dead cells, minimizes pores, and doesn’t increase sun exposure, making it a vital ingredient in skincare products. This trend is anticipated to continue over the forecast period, resulting in high demand for galactose.

“Increasing demand for ingredients derived from organic sources and transparency of ingredients list in food products will continue fueling sales of galactose over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • Crystal type of galactose is estimated to hold over half of the market in 2031.
  • Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
  • In terms of source, plant-derived sugar is anticipated to command the galactose market share.
  • Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
  • The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Galactose Application in Personal Care Industry Creating Opportunities for Market Growth

Galactose has many anti-inflammatory and probiotic properties. These properties make it ideal for inclusion in exfoliating and nourishing skincare products. Galactose belongs to the PHA family of chemical exfoliants, which is a new generation of well-known AHAs and BHAs.

PHAs mildly exfoliate the skin, making them suitable for usage on all skin types.

It can help minimise the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it doesn’t increase sun exposure.  All these factors are leading to a higher application of galactose in the personal care industry.

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Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc., Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., and others.

Silicone Release Liners Market To Grow At 8.1% CAGR Between 2021-31

ESOMAR-certified consulting firm Future Market Insights estimates the global silicone release liners market to grow at 8.1% CAGR during the period 2021-31. The market has been forecast to offer an incremental opportunity of US$ 1.5 Bn in the span of next 10 years.

Advantages such as faster manufacturing process, economical final product, and eco-friendly features are bolstering paper silicone release liners demand. Furthermore, increased application of silicone release liners in food and beverage industry is expected to accelerate sales in the market.

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Increasing applications of silicone release liners in the packaging industry such as tapes, graphic films and labels are spurring sales. Superior benefits provided by silicone release liners such as improved quality, durability and tensile strength will continue improving their demand across diverse industries.

As per FMI, film liners are used extensively in release liners market. However, paper based silicone release liners are acquiring immense popularity among manufacturers due to their better structural properties and sustainability compared to the film liners.

Manufacturers in the food & beverage industry are adopting aggressive branding and marketing of food products to gain competitive edge. To improve the appeal of their products, they are improving quality of packaging, which is propelling the adoption of silicone release liners.

Aggressive branding and marketing in the food and beverages industry is anticipated to drive the market for silicone release liners in the coming years.

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Key Takeaways from Silicone Release Liners Market

  • By liner type, paper liners segment is expected to expand at an impressive pace of 9.7%CAGR during 2021-2031.
  • By application, labels segment is expected to hold 39.8% of value share in 2031 on the back of heightened demand for pressure sensitive labels.
  • Sales of silicone release liners in the food industry are projected to expand at a CAGR of 7.5% during the span of the next 10 years.
  • By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
  • South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 12.5% and 11.4%, respectively.

“Rapid expansion of healthcare and food & beverages sectors across the globe is anticipated to create growth opportunity for the silicone release liners market. With increasing need for safe packaging, key players are focusing on new product launches to expand their portfolio and gain competitive edge in the market” says FMI analyst.

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Growing Awareness Regarding Hygiene Products Fueling Demand for Silicone Release Liners

Growing awareness among consumers in developing nations such as India and Brazil regarding the hygienic packaging for products in infant and sanitary care sectors is resulting in high demand for silicone release liners.

Initiatives undertaken by NGOs and government bodies for promoting these products to the rural as well as economically weaker section of people living in urban areas are resulting in the g demand for hygiene products.

Rising demand is attracting many new players to enter the market. Meanwhile established companies are focusing on expanding their footprint worldwide.

Global Destructive Testing Market To Grow At Nearly 6% Between 2021-2031

The global destructive testing equipment market (for food) is set to be valued at US$ 1.7 Bn in 2021, with a healthy long-term growth projection, according to latest research insights from Future Market Insights, an ESOMAR-certified research and consulting firm.

Food being an essential item has met unabated growth in demand. This created scope for expansion for commercial scale manufacturers. Considering this, long-term growth outlook for the market is perceived to be on a positive note.

Need for robust packaging for to prevent damage due to trauma, corrosion, and leakage as well as demand for optimal preservation of the food item against decomposition has necessitated the use of destructive testing.

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The report has forecast the global destructive testing market to grow at nearly 6% during 2021-2031. It offers analysis of 20+ high-growth markets, providing detailed insights on global destructive testing market growth trajectory over the next decade.

As per FMI, the market had to brace the negative impact of COVID-19 outbreak in 2020. Sales plummeted as stringent curbs were imposed on production and supply of testing equipment. Nevertheless, prudent measures adopted by end-use stakeholders for capital investments has helped in the market’s recovery in 2021.

Since the advent of destructive testing technique and related equipment, significant technological advancements has been witnessed in the market with present trend oriented towards portable and smart connectivity modules where data visualization, interface is enabled over multiple device platform in a single moment.

These developments are expected to support the growth of the market over the coming years.

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Key Takeaways of Global Destructive Testing Market Study

  • Packaged food and dairy industries are touted as leading end-use verticals for destructive testing usage. They are expected to account around 35% of the overall demand globally.
  • North America, Europe and East Asia are identified as leading regional markets owing to presence of established food quality and certification services related to processed food and pet food market.
  • The U.S. is expected to be at the epicenter of expansion in North America, accounting for over 80% of sales in the region.
  • Despite China’s continued dominance in East Asia, destructive testing demand will increase at a higher pace in Japan and South Korea.
  • Germany, Italy, and France are likely to spearhead growth in Europe.

“Though the non-destructive testing market is likely to exhibit dominance, destructive testing will be preferred for a sound degree of accuracy, process time, and utilities cost. Moreover, dual assessment of food texture and packaging quality provided instantaneously will help the processed food manufacturers in new product innovation and production” says FMI analyst.

Global destructive testing market is likely to grow at a robust pace during 2021-2031. The market is in its advanced stages of growth, where manufacturers are currently shifting towards online distribution channels for sales. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand coupled with efficient tendering backed by aftersales service is also being emphasized by OEMs to gain competitive advantage.

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Competitive Landscape

The market is primarily consolidated, with key players accounting for more than half of the sales. The leading players are likely to invest in new technology developments as well as expansion of distribution networks in order to sustain growth. Some of the key players in the market are Thermo Fisher Scientific, Ametek Mocon, Shimadzu Corporation, Metrohm, Xylem, Inc., Sartorius AG, and Mettler Toledo amongst others, etc.

Global Foldable Phone Market Is Expected To Surpass A Valuation Of US$ 65 Bn, Growing At A CAGR Of Over 25.2% Through 2031

The foldable phone market is projected to expand at an impressive pace owing to rapid advancements in technology, improvements in design, stronger functionality, and product up-gradation. This is anticipated to bode well for the global foldable phone market in the forthcoming years.

Continuous evolution of smartphones has facilitated the innovation in display technologies, with foldable displays emerging as the latest component to take the industry by storm. According to a recent report by Future Market Insights (FMI), the foldable phone market is expected to surpass a valuation of US$ 65 Bn, growing at a CAGR of over 25.2% through 2031.

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Increasing consumer awareness regarding the latest trends in smartphone technologies is fueling demand for innovative smartphones.  As a result, some well-known companies have been patenting their design architecture for soon-to-be-released folding phones. Apple Inc., for example, has patented its folding smartphone technology with a hinge heating technology to protect it from wear and tear over time.

Also, smartphone makers are experimenting with technologies and features in their foldable smartphones, which can be seen in Samsung Galaxy Fold and Motorola Razr, as these phones have a unique design but prefers front-to-front fold display technology.

Furthermore, in April 2021, Oppo launched two new foldable phones in the market, both with an inward-folding design. Vivo is also expected to release a folding phone with an inwards folding design, while Xiaomi has already released the Mi MIX Fold.

Another trend that is propelling the foldable phone market is the implementation of work from-home culture. Rising viewership and increasing interest of individuals towards job opportunities that offer remote work has led increasing demand for reliable and efficient electronic products. This is anticipated to provide impetus to foldable phone sales in the forthcoming years.

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Key Takeaways:

  • Based on display size, the under 6 Inches display segment is expected to hold a 44.6% of the total foldable phone market share in 2021.
  • Foldable phone with a 12 GB RAM are likely to dominate the market in 2021, accounting for over 46% of the total market share.
  • Under the storage segment, foldable phone with the storage space of 256 GB will hold more than half of the total foldable phone market share in 2021.
  • US$500-1,500 is projected to hold the leading share in the market in 2021, accounting for nearly half of sales.
  • Sales of foldable phones through online retail channels are projected to grow at a prolific 38.1% CAGR through 2031.
  • China will emerge as an attractive foldable phone market, accounting for over 40% of the market share in East Asia 2021.
  • The U.S. will dominate the North America foldable phone market with nearly 80% the market share over the forecast period.
  • India is projected to account for more than one-third of the South Asia foldable phone market share in 2021.

 ““Increasing sales of consumer electronics through online channels, along with smart promotional activities adopted by key market players such as influencer marketing and celebrity endorsements are anticipated to spur demand for foldable phones over the assessment period,” says a FMI analyst.

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Competitive Analysis

Leading players in the foldable phone market are Samsung Group, Huawei Technologies Co., Ltd., Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), TCL Technology, LG Corporation, ZTE Corporation, Sony Group Corporation, AsusTek Computer Inc., Energizer among others.

Leading manufacturers of foldable phones are focusing on promotional strategies, advertisements, and new product launches to improve sales of foldable phones. Apart from this, mergers, acquisitions, and strategic collaborations will remain prominent growth strategies among key market players over the assessment period. For instance:

  • In 2021, Xiaomi launched their first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch. Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone.