Market Research Blog – Page 15141 – New Product Development

Nurse call systems Market shall expand favorably from 2020-2030

Future Market Insights (FMI) projects the nurse call systems market will reach a valuation of US$ 4 Bn by 2030, in its latest market research publication. The report which tracks growing demand for nurse call devices in 20+ countries, opines:

Global nurse call systems market will expand at a CAGR of 9.8% from 2020-2030
North America & Europe to emerge as kingpins, capturing over three-quarters of the market share
Integrated communication systems likely to hold major sway
Alarms & communication systems to remain the principal application area
Long-term care centers making extensive usage of nurse call systems
East & South Asia shall account for nearly 15% of the nurse call systems market share

COVID-19’s Impact on Nurse Call Systems Market

The ongoing coronavirus pandemic has provided fertile ground for the nurse call systems market expansion. As healthcare providers unceasingly battle this deadly disease, vendors are experiencing an upsurge in their product sales, keeping revenue flow steady.

Demand is anticipated to be especially strong in the United States, Brazil and India as they are the worst affected countries. Moreover, the proportion of geriatrics is phenomenally high in these countries, thus accelerating need for enhanced care. Moreover, the fatality rate due to the virus is especially high amongst the elderly.

Several players have especially doled out nurse call systems to cater to the pandemic. Examples include Eastern Time and LoRa Alliance’s Wireless Patient Call Solution and Push&Call Quick Deploy Systems.

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Nurse Call Systems Market- Competitive Landscape

The nurse call systems players rely on launching new products, subject to approval by regulatory authorities. Additionally, collaborations, acquisitions and partnerships characterize other strategies for expansion.

In 2017, Rauland-Borg was acquired by Ametek Inc. in order to expand its mission critical communication solutions for healthcare systems, hospitals and educational facilities.

Tunstall Healthcare partnered with Telefonica Empresas in 2019 to provide remote residential-grade patient management services across Spain. In July 2020, Hill-Rom Holdings Inc. announced a new collaboration with Aiva to develop a hands-free communication device to facilitate caregiver-to-patient and caregiver-to-caregiver assistance utilizing an in-room voice assistant solution.

Stanley Healthcare markets the UL 1069 Arial Nurse Call, fully equipped with a Wi-Fi network, a 2-way voice communication between residents and caregivers, staff notifications and a central staff alerting systems to provide the necessary features for every level of care.

More Insights on the Nurse Call Systems Market

A recent market study published by FMI on the nurse calling systems market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report includes a detailed segmentation on the basis of equipment type (button-based systems, integrated communication systems, mobile systems and intercom systems), application (alarms & communications, workflow optimization, wanderer control and fall detection & prevention), technology (wired nurse call systems and wireless nurse call systems), end-user (hospitals, ambulatory surgical centers, clinics and long-term care centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Ophthalmic Lasers Market is likely to be valued at US$ 1.3 Bllion by 2030-end

Technological advancements have deeply penetrated every facet of the healthcare industry, and the ophthalmic lasers market is no exception. Over the years, ophthalmic disorders such as diabetic retinopathy, refractive errors, glaucoma, cataract and age related macular degeneration (AMD) have surged exponentially. This has accelerated demand for advanced surgical procedures.

The introduction of ophthalmic laser surgery has revolutionized ophthalmic care in unprecedented ways. Majority of these technologies are being deployed in cataract surgeries, attributed to the disorder’s widespread prevalence across all continents. Advancements such femtosecond laser surgeries have proven highly instrumental in streamlining ophthalmic procedures, offering lightning speed detection of faulty tissues.

Such reduced detection and treatment timeframes act as major growth catalysts for the global ophthalmic lasers market, which is anticipated to reach a value of US$ 1.3 Bn by 2030.

Ophthalmic Lasers Market- Key Highlights

Ophthalmic lasers market shall expand steadily at a CAGR of 5% from 2020-2030
Cataract surgeries shall account for the majority share of the global ophthalmic lasers market
Femtosecond laser surgery to hold maximum sway throughout the forecast period
North America shall retain market hegemony, owing to increasing regulatory approvals for laser surgeries by authorities
Asia & Europe to contribute nearly identical revenue shares due to rise in surgeries amidst their geriatric population

COVID-19 Impact Analysis

The novel coronavirus pandemic will have a significantly high impact on the ophthalmic lasers market. As lockdowns and curbs continue to remain enforced, the number of footfalls across ophthalmology clinics and hospitals have declined considerably. Patient care has diminished by nearly 60%, with only emergency surgeries being permitted.

With in-patient visits becoming next to impossible, ophthalmologists are resorting to telemedicine with regards to consultation and advice to patients. A slump is anticipated in refractive and premium lens surgeries across developing economies in the long-run, attributed to cash crunches experienced by individual households due to the prolonged lockdowns.

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At the same time, several countries are enforcing strict social distancing protocols and hygiene practices, keeping demand for ophthalmic laser surgeries sustained. For instance, ophthalmologists in Germany have made it a protocol to test patients requiring intravitreal injections and other procedures for COVID-19. If positive, they are redirected to emergency departments, reducing chances of infection.

Competition Dashboard

Prominent vendors in the ophthalmic lasers market include are ZEISS International, Nidek Inc., Bausch & Lomb Inc., Abbot Laboratories Inc., SCHWIND Eye-Tech Solutions, Ziemer Ophthalmic Systems AG, Novartis AG (Alcon), LENSAR LLC., iVIS Technologies and NKT Photonics A/S. New product launches and collaborations have helped these players acquire firm footing.

In 2018, ZEISS International rolled out its VISUFIT 1000 digital 3D centration data determination and consultation platform, offering a three-dimensional facial reconstruction which enables ophthalmologists perform precise centration processes on patients.

In July 2020, SCHWIND Eye-Tech acquired CE approval for its SCHWIND ATOS femtosecond laser, permitting eye surgeons to incorporate the technology in their SmartSight refractive surgery procedures.

More Insights on the Ophthalmic Lasers Market

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report provides a balanced, unbiased analysis of the overall market scenario based on product type (excimer lasers and femtosecond lasers), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics), end-user (hospitals, ophthalmology clinics and ambulatory surgical centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Fungal Testing Kits Market is projected to expand stupendously at a CAGR of 10.2% during the 2020-2030 forecast period

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

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

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

Fungal Testing Kits Market- Key Takeaways

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

COVID-19 Impact Insights

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

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

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

Competitive Intelligence

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

In May 2019, Thermo Fisher Scientific announced the acquisition of Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies for US$ 1.7 billion. The acquisition has helped the former enhance its laboratory products and services portfolio.

In 2018, PerkinElmer Inc. announced development of the Quasar C-18 used to compare Clotrimazole HPLC analysis. In February 2020, GenMark Diagnostics Inc. published a pipeline study detailing the effectiveness of a PCR-based digital microfluidics and electrochemical detection system for rapid identification of 15 fungal pathogens.

More Insights on the Fungal Testing Kits Market

Future market Insights offer a unique perspective and actionable insights on fungal testing kits market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on test type (Molecular test, chromogenic test and others), by sample type (Skin, urine , vaginal secretions, blood, cerebral and others), by application (Research, Susceptibility Testing, Medical Diagnosis and others) by End user (Diagnostic Laboratory, Hospitals, Pharmaceutical Companies, Research and Academic Institutes) in seven key regions.

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Power Factor Correction Devices Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Power factor correction devices are also known as power saver devices. It is connected to the mains of the electrical system for improving the power factor measurement taken using an electricity meter. Power factor correction devices measure how efficiently power is consumed. However, the utility bill based on real power is not affected by power factor correction devices, but it is useful for industrial users where the power charges are based on PFC rather than real power.

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Ideally, power factor will be unity (1 i.e. 100%), when the current and voltage simultaneously achieves maxima, but due to highly inductive load/devices in the real world it is reduced to 0.7 or less. The capacity of a circuit performance at a particular time is real power. It is observed that load/device with a low power factor takes more current than high-power factor devices in the electrical system for the same amount of power transferred. However, energy loss is also more in the distribution of higher current in the system.

Regional Outlook
Asia Pacific holds the major share of the global power factor correction devices market, followed by North America and Europe. Asia Pacific accounts for a significant share due to the substantial growth in electricity consuming sectors in this region. Rapid urbanization and industrialization in many major countries in the region such as China and India, is also expected to boost the market growth over the forecast period.

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Market Participants
Some of the examples of market participants in the global power factor correction devices market, identified across the value chain are
• Siemens AG
• ABB
• Toshiba Corporation
• Schneider Electric
• Mitsubishi Electric Corporation
• LARSEN & TOUBRO LIMITED
• Eaton
• Cgglobal
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 market segments such as geographies, application, and industry.

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The report covers exhaust 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)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Power Factor Correction Devices Market:Market Segmentation

Segmentation of power factor correction devices market can be doneon the basis of end-use as follows;

Automotive industries
Consumer electronics
Medical and healthcare industries
Mining industries
Electric Power industry.

Segmentation of power factor correction devices market can be doneon the basis of application as follows;

Distributed power factor correction device
Group power factor correction device
Centralized power factor correction device
Combined power factor correction device
Automatic power factor correction device

Wooden Pallets And Containers Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Wooden pallets and containers are widely used in the shipping, transport and storage of products. They are available in either standardized or customized specifications. Different specifications fulfil different functions of the wooden pallets and containers. Wooden pallets and containers are re-usable and if damaged, are repaired and sent back into circulation. Wooden pallets generally last for 5-7 years.

Packaging has become an integral part of most of the industries in the world. The demand for packaging has surged throughout the past decade. This demand has brought about a series of innovations to packaging that has improved the packaging design and functionality. The shift in the use of materials used for packaging has also been witnessed.

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A move from rigid to flexible packaging has now become the norm in most of the industries. However, when we talk about shipping and transport of larger consignments, we will find that rigid packaging has still kept its hold. The most common example are wooden pallets and containers. Even after the entry of plastic pallets and containers in the market, wooden pallets and containers still hold more than 90% of the pallets and containers market.

Wooden pallets and containers Market- Market Dynamics:

As we are seeing a global rise in disposable incomes and consumerism, food and beverages sector will witness a huge demand, which is the major driver for global wooden pallets and containers market. As a result, we can expect a steady growth in the wooden pallets and containers market throughout our forecast period of 2016-2014.

Due to the market being quite fragmented, there is trouble in standardization of wooden pallets and containers. However, efforts have been made both at the local and global level for the same. More than 90% of total pallets and containers are made of wood. Recoverability of pallets in overseas shipments becomes hard and the cost of recovery exceeds the cost of the pallets itself.

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Major Players:

Some of the key players in the wooden pallets and containers market are Universal forest products, Inc., Shur-way Industries, Inc., Palcon LLC, Coxco, inc., Larch Ltd., CHEP, Bay wood products, Inc., Rowlinson Packaging Ltd., C&K Box, Inc., InterAgra.

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 done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

Regional analysis includes

North America Latin America Europe Asia Pacific Middle East and Africa

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

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Regional Outlook:

In terms of geography, the wooden pallets and containers market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America followed by Western Europe are the largest consumers of wooden pallets and containers in the world. USA alone holds around 15% of share in global wooden pallets and containers market. Wooden pallets and containers are locally manufactured as well as imported. With the rising disposable incomes and consumerism in Asia Pacific and Middle East, we can expect to see a promising growth in the wooden pallets and containers market in the region throughout the forecast period of 2016-2026.

Wooden Pallets And Containers Market

Wooden Pallets Market- Market Segmentation:

Based on the design, the wooden pallets and containersmarket is segmented into:

Stringer pallets
Block pallets

Based on end use, the wooden pallets and containersmarket is segmented into:

Grocery
Beverages
Telecommunications
Dairy
Automotive
Chemicals
Construction
Others

Wooden containers Market- Market Segmentation:

Based on the product type, the wooden pallets and containersmarket is segmented into:

Boxes
Crates
Wire bound containers
Wire bound pallet type box

Based on the end use, the wooden pallets and containersmarket is segmented into:

Electronics & electrical
Food & Beverages
Dairy
Shipping
Transportation
others

High Density Polyethylene (HDPE) Bottles Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

HDPE pellets are made by heating petroleum to certain desired temperature. HDPE bottles are strongly preferred over traditional plastic bottles because of its properties such as lightweight yet super durable, impact-resistant, long lasting and weather resistant, resist any mold or rotting and from the manufacturing point of view it’s reusable and easy to mold, and it emits less of harmful gasses during production. For the reasons mentioned above HDPE bottles are now used in packaging of chemicals, detergents, cosmetic, fruit juices, etc. as it doesn’t contaminate any product.

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Market: Drivers & Restraints

The market for HDPE bottles is expected to be primarily driven by household and individual’s demand which is increasing across the globe. Large chunk of working population travels a long distances for work, and they look for easy to carry, and sturdy bottles for their needs. HDPE bottles have been able to meet this wide gap, packaging designs, and strategies adopted by various FMCG industries in order to attract customer with a differentiator factor by packaging items in different design and types of HDPE bottles.

HDPE bottles can be recycled and for the very fact that recycling saves energy and environment it is very popular in U.S. and as per a press article alone in U.S. 1 billion of HDPE bottles were recycled in 2012 only. Stringent rules and bans imposed by the government on the use of harmful plastic and manufacturing of harmful gasses and chemicals emitted during the production of plastic is a key factor driving the demand for HDPE bottles. Hazards of plastic contaminating the products with which it gets direct contact are few of the possible factors which will drive HDPE bottles market since HDPE bottles carry none of such threats.

As HDPE granules are made with petroleum, price fluctuation in petroleum can pull the prices of HDPE bottles upwards. Adulteration in the manufacturing of HDPE bottles by mixing with cheap plastic to make profits unethically, recent claims by independent researchers that HDPE bottles emit estrogenic chemicals similar to ordinary plastic which can harm human health can act as a restraint for the growth of HDPE bottles market.

HDPE bottles Market: Regional Outlook

Based on the geographies, global HDPE bottles market is segmented into five regions — North America, Latin America, Europe, APAC, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of HDPE bottles market, owing to the stringent regulations and norms in using a particular grade of plastic bottles. HDPE bottles have gained a substantial proportion due to its chemical composition which poise slightest threat to life and health, in U.S. product such as fruit juices, milk, detergent, cleaners, etc. are now primarily packaged in HDPE bottles which are in the way giving a massive boost to HDPE bottles market.

Europe is followed by North America market for HDPE bottles market following a similar trend as U.S. However, Asia-Pacific market for HDPE bottles market is emerging and it is anticipated to grow substantially over the forecast period with booming F&B industries, pharmaceutical industries, and increasing households with population rise, etc. in the region. In the Middle East & Africa, the market of HDPE bottles are in a nascent stage, and it is expected that the market will grow over the forecast period. Latin America has witnessed a decent start for market of HDPE bottles, due to the demand from various field.

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HDPE bottles market: Key Players

Some of the major players identified in the HDPE bottles market are, Parker Plastics, Graham Blowpack Pvt.ltd., Vivek Polymer India, Maynard & Harris Plastics, CL Smith, All American Containers, O.BERK COMPANY, LLC, Alpha Packaging, Kaufman Container, Fisherbrand

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 market segments such as geography, technology, and applications.

The Report covers exhaust Analysis on:

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

Regional Analysis includes:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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HDPE bottles Market: Segmentation

The global HDPE bottles market is segmented on the basis end users, sales channel and region.

On the basis of end users, the global HDPE bottles market is segmented into:

Domestic use
Chemical industries
Cosmetic industries
Pharmaceutical industries

On the basis of sales channel, the global HDPE bottles market is segmented into:

Report Highlights:

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

Sun Control Films Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Consistently, rising energy costs and the need for reducing power consumption, is swelling the demand for sun control films. To reduce heat transfer from outside, sun control films are used which are prepared from plastic films and can be applied to glasses on the window. The use of sun control films is not new as it give comforts and save energy along with protecting home, offices among others.

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Sun control films provide solution to many problems such as glare, fading and amount spent on air conditioning and enhances the life of furnishings and protects the skin from harmful ultraviolet rays of the sun. Normally it cut down 78% of heat coming through the windows and hence can control the number of units consumed by air conditioner. Conversely in winters, sun control films helps in reducing heat loss by reflecting up to 35 percentage of heat back in to the room.

Overall, it saves approximately 5 to 10 percentage on electricity costs. Increasing awareness about the advantages of the sun control films over normal sun reflective glass is making global sun control films market progressively desirable.

Region-wise Outlook

The global sun control films market is anticipated to record a significant CAGR for the forecast period. On the basis of geographic regions, the global sun control films market is segmented in the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and Asia Pacific. Currently, the Chinese players dominates the sun control films market. Japan and Asia Pacific are anticipated to increase at a considerable growth rate and is expected to contribute to the global sun control films market value exhibiting a substantial CAGR during the forecast period, 2015-2025.

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, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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By Segmentation:

The global sun control films market is geographically segmented into seven key regions which are,

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)

It can be further segmented on the basis of applications

commercial
residential
others (buses, subways)

Sun Control Films Market: Drivers & Restraints

In the past few years, without doubt there is an increase in demand for sun control films. As per manufacturers, they are receiving large number of orders for sun control window films as there is enough demand from residential and commercial sector which in turn is further fueling the sun control films market to grow. Upsurge in real estate development is one of the major reason driving the growth in the global sun control films. Increased infrastructural development in developing countries such as coming of malls has positively affected the demand for sun control films.

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Key Players

Some of the key players identified in the global sun control films are as Garware Suncontrol, 3M, Jupiter International, Recon Blinds, Guangdong New Vision Film Technology Co., Ltd, Madico, Solar Gard, among many others. With the technological advancements and increasing degree of ‘know-how’ more market players are expected to join the competition.

The report covers exhaustive analysis on:

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

The trend identified in the sun control film market is present buildings construction have more glass area than ever before which has further added to the increase in demand for sun control films. Other major factor leading to the market’s growth is increasing emphasis on energy security and government regulation. However, warranty issues and traditional window films tend to act like mirrors, it’s difficult to see outside, especially at night when interior lights are on and among others are the major constraints for the global sun control films market.

Metal Bellows Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Metal bellows are flexible elements used in various industrial applications where compression is expected when the pressure is applied from the other side of any elastic vessel.

Metal bellows are designed in a way that they compress or expand on the application of pressure, and come back to their original share once the pressure is removed.

As they are most commonly used as a part of piping applications, their convolution geometry and thickness is designed according to the temperature and pressure range as well as pipe capacity.

In cases where pipes expand due to increase in temperatures, metal bellows act as a resistance by limiting the compression by force.Metal bellows are commonly used in various industries such as manufacturing, water treatment, mining, automotive, power generation, and wind energy generation.

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Though the global metal bellows market is characterised with stringent governmental regulations, end user preference for metal bellows over its other alternatives is expected to boost the profitability of manufacturers across various regions.

Demand for Metal Bellows in Aerospace & Defense Industry to Grow Strong

The adoption of metal bellows in a wide range of end-use industries such as automotive, semiconductor, oil & gas, and pharmaceuticals is significantly high, which is mainly driving the metal bellows market.

However, the demand is relatively higher in the aerospace & defense industry, and this is mainly influencing the growth prospects of the global metal bellows market.

In the past two years, the aerospace & defense industry witnessed a major downfall in the commercial aircraft manufacturing and deliveries, which is mainly attributed to the worldwide outbreak of the novel coronavirus. However, the demand for metal bellows in the industry remained fundamentally strong as leading players in the aerospace industry.

Global leaders such as Airbus and Boeing, are known to be holding a significantly large backlog of orders, and this is currently holding up the production activities for these players.

In addition, the industry is witnessing a growing number of new original equipment manufacturers (OEMs) entering the landscape, along with the rising development of fuel-efficient alternatives for conventional elements of commercial aerospace products.

This indicates that the adoption of metal bellows in the global aerospace & defense industry will further bolster the growth of the global metal bellows market in the coming years.

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High Performance Parameter of Metal Bellows over Non-metallic Bellows Trigger Demand

While metal bellows find applications in a wide range of end uses and applications, the use of non-metallic bellows is also significantly high. Non-metallic bellows are a type of flexible connectors manufactured using synthetic or natural fibers.

These are commonly used in applications that are primarily developed to offer stress relief in various industrial end uses – mainly in the piping industry. They are also used in applications involved in mechanical vibrations and thermal movements.

Though both – metal and non-metal bellows are used in distinct applications, based on their performance characteristics, the prior shows advanced parameters that make them suitable for a wider range of applications than the latter.

Metal bellows are higher in demand than non-metal bellows mainly due to their higher pressure range, temperature range, flexibility in connection types, along with its suitability with various fluids and gases.

With the rugged, multiple layer designs, metal bellows are designed for applications performed in a wide range of temperature range from -420°F to +1800°F. Whereas, non-metal bellows usually suit applications under the temperatures around 230°F, based on the materialist properties of synthetic materials used.

Consequently, though both the types of bellows are used in different applications based on their utilities and importance, metal bellows are more commonly used in multiple industrial applications.

Metal Bellows Market: Region-wise Analysis

Based on the geographical factors, the metal bellows market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

According to different geographies and specific geopolitical factors, the market for metal bellows is expected to witness incremental growth in the Asia Pacific region.

The region plays an important role in the supply chain operations as most manufacturers have their production centers in developing Asian countries such as China and South Korea. In addition, increasing presence of raw material suppliers, retailers, and metal bellow manufacturers in the region further amplifies the growth potential of the Asia Pacific metal bellows market.

On the other hand, developed regions including North America and Europe, are also expected to create sizable demand for metal bellows with the increasing growth of the market. Developed countries such as the United States along with some countries in Western Europe – Germany, France, and Spain, are expected to contribute to the increasing growth of the global metal bellows market.

Due to the coronavirus outbreak, the metal bellows market in most Asian countries witnessed sluggish growth. However, countries such as China and South Korea are recovering fast from the pandemic, which is expected to revive the metal bellows market in these regions.

In the coming years, the growth prospects of the metal bellows market in Asia Pacific region are expected to improve in the coming years.

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Metal Bellows Market: Competitive Landscape

Some of the leading stakeholders in the global metal bellows market include

Servometer
EnPro Industries Inc.
EagleBurgmann KE
Meggitt PLC
U.S. Bellows Inc.
KSM Corporation
Technoflex Corporation
BOA Holding GmbH
Freudenberg Group
MW Industries
Smith Group
Hyspan Precision Products Inc
Meggitt PLC
Pebiflex
Witzenmann GmbH
Triad Bellows
Duraflex Inc.

In August 2018, MW Industries, Inc. (MWI) – one of the world’s premier manufacturers of products that make machines, engines, and complex sub-assemblies, based in the United States – announced that it has completed the acquisition of Ameriflex, Inc. – a leading manufacturer of superior quality precision metal bellows, flexible metal hose, flanges, and other products for vacuum applications.

After the acquisition of two companies – Servometer and BellowsTech, MW’s acquisition of Ameriflex is expected to help the company expand the portfolio of its metal bello products and technologies. With this acquisition, the company aims to offer the most complete portfolio of these products in the metal bellows market.

In July 2019, Parker-Hannifin Corporation – an American corporation specializing in motion and control technologies – announced that it has agreed to acquire Exotic Metals Forming Company LLC – a company that provides metal bellows, sheet metal designs, flex joints, and aircraft equipment.

The company also stated that the acquisition will be completed at the net transaction of US$ 1.56 billion. With the acquisition, Parker-Hannifin is aiming to reinforce its strategy of moving towards its goal of achieving top-quartile performance – financially – among its diversified industrial peers, by investing in attractive-margin and high-growth businesses.

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Metal Bellows Market: Segment Analysis

The metal bellows market can be segmented on the basis of the following:

Product:

Formed
Electroformed
Welded

Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others (Filtration, Scrubbers, HRSG’s)

End-use Industry:

Ship Power and Ship Building
Water treatment and Wastewater
Power Generation
District Heating
Pulp and Paper Plants
Steel Mills
Wind Power
Others (Chemical and Petrochemical Plants, Desulphurization Plants)

Report Highlights

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.

Over-The-Counter (OTC) Veterinary Drugs Market Expected to Witness High Growth by 2028

Over-The-Counter (OTC) Veterinary Drugs Market Overview

Over-The-Counter (OTC) Veterinary Drugs, also termed as non-prescription drugs are drugs that are available without any prescription. These drugs are effective and safe when all the directions on the label or directed by the healthcare professional are followed. The FDA in the U.S. considers when a specific drug is effective and safe enough to be sold over-the-counter. Over-the-counter (OTC) veterinary drugs usage is attributable to the savings on cost incurred on clinical visit and on the drug cost. There are limited veterinary drugs that are approved and available to veterinarians. The veterinarians often depend on the use of different sources and types of drugs to treat their patients. Over-The-Counter (OTC) veterinary drugs are checked on the assurance of the product effectiveness, safety, and manufacturing to stringent standards for purity, quality, and potency. The FDA Centre for Veterinary Medicine (CVM) is responsible for the manufacturing and distribution of veterinary food additives and drugs. Over-The-Counter (OTC) veterinary drugs are regulated under The Federal Food, Cosmetic, and Drug ACT, which regulated statutory provisions that govern all the key regulations of Over-The-Counter (OTC) veterinary drugs. The Act formulate drugs as, “articles for use in the cure, diagnosis, treatment, mitigation, or prevention of diseases in animals or man”.

Over-The-Counter (OTC) Veterinary Drugs Market: Drivers and Restraints-

Over-The-Counter (OTC) Veterinary Drugs are poised to witness a significant growth owing it to the paradigm shift from Rx to OTC by major pharmaceutical manufacturers. Increasing tendency of people towards the health of their companion animals in developed regions, majorly, and immense cost savings with Over-The-Counter (OTC) veterinary drugs pose various advantages, further boosting demand for Over-The-Counter (OTC) veterinary drugs. However, several serious issues with OTC drugs pertaining to inappropriate substance abuse vehemently and diagnosis of the animal might obstruct market growth for Over-The-Counter (OTC) veterinary drugs during the forecast timeframe. This has also resulted in withdrawal of various Over-The-Counter (OTC) veterinary drugs used for therapy from the market over the years. Stringent regulations regarding Over-The-Counter (OTC) veterinary drugs and substance abuse related issues might also hinder market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period.

Over-The-Counter (OTC) Veterinary Drugs Market: Overview

Global Over-The-Counter (OTC) Veterinary Drugs market is expected to grow at a decent rate owing it to the increase in number of manufacturers for Over-The-Counter (OTC) veterinary drugs, worldwide. There are variety of drugs available in the market as Over-The-Counter (OTC) veterinary drugs for the safe use in animals. These drugs are available in various forms, topical drugs are available as gels, oils, creams, and sprays for various applications. Antibiotics and non-steroidal anti-inflammatory drugs are very common Over-The-Counter (OTC) veterinary drugs in the market. The drugs are available for various medical conditions related with the skin, eyes, and allergic reactions to the animals. The Over-The-Counter (OTC) veterinary drugs market is well equipped with the retail pharmacies by the end user segment. Injectable drug involve vaccines, which are majorly used by the companion animals for their safety and improving their well-being. The Over-The-Counter (OTC) veterinary drugs market is expected to propel during the forecast period with the growing awareness on the safety and prevention of diseases among companion animals.

Over-The-Counter (OTC) Veterinary Drugs Market: Region-wise Outlook

Over-The-Counter (OTC) veterinary drugs market is immensely concentrated in major developed economies like the U.S., Japan, and China. The United States is expected to witness a moderate growth due to market saturation in a few product categories. Technological advancements is however, expected to boost market growth for Over-The-Counter (OTC) veterinary drugs worldwide. Increase in consumer appetite for Over-The-Counter (OTC) veterinary drugs for their companion animals, and growing need of curbing the veterinary-related healthcare costs is expected to fuel the market growth for Over-The-Counter (OTC) veterinary drugs in the Europe region. Increase in efforts for Over-The-Counter (OTC) veterinary drugs licensing for treatment of various diseases in animals is also expected to boost the market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period. However, traditional medications for veterinary disease treatment might slow down the market growth for Over-The-Counter (OTC) veterinary drugs in the Asia-Pacific and MEA region.

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Over-The-Counter (OTC) Veterinary Drugs Market: Key Market Participants

Some of the market participants in the Global Over-The-Counter (OTC) Veterinary Drugs market identified across the value chain include: Merck & Co., Inc., Zoetis, Inc., Eli Lilly and Company, Virbac, Bayer AG, Sanofi, Vetoquinol S.A., Boehringer Ingelheim International GmbH, and Dechra Pharmaceuticals PLC.

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 market segments such as geographies, application, and industry.

The report covers exhaust 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)
Eastern Europe (Poland, Russia)
Asia Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Truck Mounted Concrete Mixer Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

The market for ready mix concrete in leading areas is rising rapidly. With technological revolution observed in the concrete industry, achieving high-performance concrete and with tighter controls is getting simpler. Systems are being used for translating the properties of ready mix concrete into quantified data with the help of sensors mounted on trucks. This is expected to offer growth opportunities for the truck mounted concrete mixer manufacturers who aim at product innovation for gaining competitive advantage.

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Reduction of Downtime and Rise in Profit to be Major Requirements for Companies

According to Cemen Tech of Indianola, Iowa, the use of mobile volumetric mixer enable saving nearly 40 percent of concrete costs. Not just cost-reductions, but achieving precision concrete has also become an important aspect for the construction industry. Various cement manufacturing companies are making use of volumetric concrete trucks type of truck mounted concrete mixer. For instance, CTS Cement Manufacturing, South California, using volumetric trucks, provides quick-setting bulk cement to concrete contractors and producers.

Market in Europe and MEA to Witness Key Investment Pursuits by Leading Truck Mounted Concrete Mixer Manufacturers

While the overall market is scrutinized in accordance with seven major regions spread across the globe, expansions and investment initiatives in few regions represents the potential that they hold for the truck mounted concrete mixer market. The European and Middle East and African market for truck mounted concrete mixer underline effective avenues with increasing investments by key truck mounted concrete mixer manufacturers witnessed in these regions.

For instance, Sany Group, a truck mounted concrete mixer provider signed a dealership agreement with Rhombus which is expected to achieve major sale of dump trucks and concrete machine in Kenya in the next three years, enabling Sany to move ahead in making its concrete machinery a rank 1 and dump trucks a rank 2 equipment in the local market. Similarly, Liebherr Group opened its development and demonstration center in Kirchdorf, Europe which would develop and test material handlers and construction machinery to make them fit for customer requirements. Having no competing validation center in elsewhere in Europe, this unit would strengthen Liebherr’s European business. Additionally, Putzmeister, another truck mounted concrete mixer market player invested over a million dollars in a R&D facility in Germany, designed for setting new equipment standards for the concrete industry.

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Major Truck Mounted Concrete Mixer Providers to Focus on Increasing their Business Capabilities with Effective Strategies

The key players contributing to the truck mounted concrete mixer market include Liebherr Group, SCHWING Stetter, SANY GROUP, Shantui Construction Machinery Co. Ltd., Beston (Henan) Machinery Co., Ltd., Anhui Hualing Automobile Group Co Ltd, Putzmeister Holding GmbH, XCMG Co. Ltd, Zoomlion Heavy Industry Science & Technology Co., Ltd, and KCP Heavy Industries.

A newly formed ready mixed concrete business set up in London area has shown its faith in Liebherr Group’s product offerings where the company purchased Liebherr’s eight HTM 804 truck mixers with which it would join forces with Mercedes-Benz chassis for the ready mixed concrete operation at its Barking-based plant.

The truck mounted concrete mixer company, Zoomlion Heavy Industry Science & Technology Co., Ltd. is all set to exhibit their new product line comprising smart products, the mainstay of the display being their concrete pumping solutions which include the concrete truck mixer, 56m truck pump that is mounted on the Mercedes truck-mounted mixer pump, designed for spaces and capacities, which showcases lower fuel consumption, higher working efficiency, and increased life-span.

Changsha in China is transforming the country’s manufacturing capabilities with the incorporation of next-generation technologies, and upgrading construction machinery. Sany Group, largest heavy equipment manufacturer in China and a player in the truck mounted concrete mixer market is also upgrading its business with intelligent manufacturing, as its Changsha workshop is Asia’s largest intelligent manufacturing unit.

Truck Mounted Concrete Mixer Market Division to Obtain In-depth Overview

Based on the mixing capacity, the truck mounted concrete mixer market is divided into three segments including between 6 m3 to 10 m3, less than 6 m3, and above 10 m3.
According to the type, the truck mounted concrete mixer market is segmented into volumetric concrete truck, concrete pump truck, and rough terrain concrete truck.
On the basis of product type the truck mounted concrete mixer market is classified as truck mounted static pump, truck mounted mobile pump, and truck mixer concrete pump.
The segments including in the mounting vehicle basis of classification of the truck mounted concrete mixer market include trailer and truck.

The research report on truck mounted concrete mixer market showcases a detailed evaluation of the whole market. It includes in-depth insights, historical and factual data, and industry-validated and statistically-supported data providing a better understanding of the truck mounted concrete mixer market. The report on truck mounted concrete mixer market includes predictions using adequate set of assumptions and methodologies. The research report on truck mounted concrete mixer market provides evaluations and data based on regions, technology, market segments, and applications.

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The report on market of truck mounted concrete mixer comprises of a detailed market assessment on:

Segments of truck mounted concrete mixer market
Truck mounted concrete mixer Market Influencers
Truck mounted concrete mixer Market Size
Supply and Demand
Latest trends and challenges in the truck mounted concrete mixer market
Major Truck mounted concrete mixer manufacturers
Value Chain
Technology

Geographical Assessment of truck mounted concrete mixer market includes:

North America Market of Truck mounted concrete mixer including Canada and US.
Latin America Truck mounted concrete mixer Market including Mexico, Brazil, and Rest of Latin America.
Western Europe Truck mounted concrete mixer Market including Germany, Italy, U.K, France, Nordic countries, Netherlands, Spain, Luxembourg, Belgium, and Rest of Western Europe.
Eastern Europe Market of Truck mounted concrete mixer including Poland, Russia, and Rest of Eastern Europe.
Asia Pacific Market of Truck mounted concrete mixer including China, India, ASEAN, Australia & New Zealand.
Japan Truck mounted concrete mixer Market
Middle East and Africa Truck mounted concrete mixer Market including GCC, South Africa, and Rest of MEA.

The truck mounted concrete mixer market research study is an outlook of first-hand information gained by analyzing the market in a qualitatively and quantitatively. This data is gained with the help of research analysts, experts in the industry and participants across the value chain. The thorough assessment of the trends in the parent market, macro-economic metrics, market governing factors, and market attractiveness based on segments are all included in the report. The truck mounted concrete mixer market study also traces the influence of the several factors on the regions and market segments.

The report on truck mounted concrete mixer market illustrates:

Detailed overview of Parent Market
Changing Dynamics of Truck mounted concrete mixer Market
Thorough Market Classification
Truck Mounted Concrete Mixer Market Size with respect to Volume and Value: Current, Historical and Projected Data
Latest industrial trends and developments
Truck Mounted Concrete Mixer Market-Competitive Landscape
Major Players in Truck Mounted Concrete Mixer market- Strategies and Product offerings
Geographies and Potential and Niche Segments that exhibit promising growth
Neutral perspective of Truck Mounted Concrete Mixer Market Performance
Necessary information for Companies to help improve and sustain their presence in the market