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According to the latest research by Future Market Insights, the Interchangeable Biosimilars Market is set to experience 6% growth during the year 2021-2031. Biosimilars are products that are highly similar to reference products. This means that there are no clinical differences between the biosimilar product and the reference product in any terms (e.g. efficiency, safety and purity).

The biosimilar products approved by FDA and can be given by pharmacists without any physician’s prescription is known as an interchangeable biosimilar. The interchangeable biosimilars market is mainly driven by new product launches, increase research and development and approvals from the governing authorities.

What is the Driving Demand for Interchangeable Biosimilars?

Biosimilars can be used instead of reference biologics.  The growth of this market is anticipated due to the rise in research and development, cost-effectiveness and approval from the governing bodies.

According to FDA, currently, 31 biosimilars are approved and are available in the market. Biosimilars are usually cheaper than the original product and hence is expected to give huge savings without compromising the course of treatment.

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This cost-effective property of biosimilars acts as a driver for the market. Since these products are cheaper and can be used instead of the reference product, there has been a surge in the demand. For instance, Amgen achieved a 56% growth in the revenues of biosimilars during the second quarter of 2021. The companies are investing in the research and development of interchangeable biosimilars and for their approval. For instance, in July 2021, FDA approved the first interchangeable biosimilar, Semglee, produce by Biocon.

Impact of COVID on Interchangeable Biosimilars Market

The COVID-19 has impacted the interchangeable biosimilars market. Due to the pandemic, the research and development were mainly carried out in the field of COVID. Due to this shift, the research of biosimilars was affected. However, due to an increase in out-of-pocket spending and cheaper rates of biosimilars, the demand for the market increased. Hence, COVID-19 had both positive and negative impacts on the interchangeable biosimilars market.

Regional Demand Outlook for Interchangeable Biosimilars

The interchangeable biosimilars market is dominated by the North American region. This is due to the presence of the market player and the availability of interchangeable biosimilars. Also, the expiration of patents of leading drugs is expected to surge the demand of the market.  Apart from this, there has been an increase in government initiatives and funding for improving the healthcare infrastructure. Followed by North America, Europe and Asia is dominating the interchangeable biosimilars market. This is due to the approval of more biosimilars for use in Europe and patients acceptance of the use of biosimilar.

Who are the Key Manufacturers and Suppliers of Interchangeable Biosimilars?

The manufacturers and suppliers of interchangeable biosimilars are Biocon and Mylan.

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 an 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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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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.

Contact Us:

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Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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According to the latest research by Future Market Insights, the Long-Acting Monoclonal Antibodies market will undergo a steady growth during 2021-2031. A gradual increase due to constant research studies being conducted and new verticals of disease treatment being opening can be seen over the mentioned forecast period.  The increasing innovations and advancements in genetic engineering will further boost the market. Current Pandemic situation of Covid-19 has made the market to grow immensely in the field of developing more vaccines at the global rate of the population.

What is driving Demand for Long-Acting Monoclonal Antibodies Market?

The demand for long-Acting monoclonal antibodies market has seen at a higher rate at a global level as there has been increase in the number of chronic diseases growing at a different level. The rising ageing population and sedentary lifestyle owes for the demand for the market. Furthermore, long-acting monoclonal antibodies market has witnessed significant positive impact of COVID-19 as several mAbs have potential to effectively treat coronavirus infection. The companies are also conducting clinical trials to further boost the development of highly potential therapies. With potential in minimizing infection severity in treatment of COVID-19, the industry will continue to experience revenue growth during the pandemic. Alternating therapeutics market is exploring themselves globally.

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Increasing Product Launches and Approvals to boost the Demand

Monoclonal Antibodies are the similar immunoglobulins which is developed from a B-cell. New technological advancement has brought in benefiting results via research and development industries. FDA has approved many monoclonal antibodies giving the lucrative growth in the given forecast period. FDA issued the EUA i.e. emergency use authorization for Casirivimab and imdevimab that can be used in treating mild to moderate infection.

U.S. Long-Acting Monoclonal Antibodies Market Outlook

U.S. is said to be the most dominating market due to its well-developed health infrastructure, in terms of disease treatment rate. Leading industries in the US has seen to expand themselves into long acting monoclonal antibody market.  The presence of major players and ongoing clinical trials makes U.S. the leading player in the market. For instance, ASTRAZENECA’s long acting antibody is set to enter into phase 3 of clinical trial.

Europe Demand Outlook for Long-Acting Monoclonal Antibodies Market

The European market is considered to be the second largest market for long-acting monoclonal antibodies at a global level. As technological advancement grows, it will directly lead to rise in the monoclonal antibody market size. This market is seen to grow at a rapid pace as oncological segment constitutes a high demand for production. Furthermore, European Medicine Agency in the year 2013 approved of biosimilar products and said that they can be approved globally, which in turn drives the market demand. R&D are expanding themselves in developing new drug every now and then, this will let the antibody market to reach heights.

Who are the Key Manufacturers and Suppliers of Long-Acting Monoclonal Antibodies market

• Eli Lilly
• Abbott Laboratories
• AstraZeneca plc.
• Amgen Inc.
• Bayer AG
• Johnson & Johnson
• Pfizer
• GlaxoSmithKline Plc.
• Merck & Co. Inc.
• Novartis

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• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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According to the latest research by Future Market Insights, Bowel Stimulators market is set to witness a 6.3% growth during the year 2021-2031. The market has been developing at a gradual rate and is projected to witness lucrative growth due to increasing number of population suffering from Overactive Bladder (OAB) and rising cases of urge incontinence, like Urinary Tract Infection (UTI).  In addition, advancements in technology and development of lesser invasive procedures is likely to fuel the market demand.

What is Driving Demand for Bowel Stimulators?

A rise in disposable income, surge in incidences of Overactive Bladder, UTI and similar disorders, and development of minimally invasive procedures are primary factors boosting the market.

In addition, governments of various nations are taking initiatives to make sure that a most of the population has accessibility to inexpensive healthcare. Also, reimbursement programs of insurance companies have become promising. These factors are expected to lead to market growth.

Also, the growing geriatric population and the associated disorders re expected to increase the demand for of bowel stimulators.

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Growing incidence of urge incontinence, likely to increase the Bowel Stimulators Sales

The rising incidence of urge incontinence, like urinary tract infection (UTI) and growing occurrence of overactive bladder conditions, are the major factors responsible for the development of the market.

In addition, the increasing occurrence of fecal incontinence and the presence of medical reimbursements are certain other factors driving the market demand. According to an article published in 2019, in the Indian Journal of Community Medicine, the incidence of urinary incontinence in postmenopausal women between 45-90 years of age was about 26.47%. Besides, urinary incontinence has a considerable impact on mental and social health, which can be overcome by suitable treatment of these incontinence disorders.

US and Canada Bowel Stimulators Market Outlook

United States and Canada dominate the Bowel Stimulators market. The market is projected to witness considerable growth due to the availability of well-developed healthcare facilities, rising awareness about the prevalence and treatment of overactive bladder conditions and rapid adoption of developed medical products.

As per the CMS (Center for Medicare and Medicaid Services), urinary incontinence impacts about 13 million adults, generally women, in U.S. Bowel stimulators bring about considerable improvement in improving the quality of life for affected patients. Hence, rising incidence of fecal incontinence is likewise anticipated to boost the market in US.

Europe Demand Outlook for Bowel Stimulators

Europe is second dominating market and is projected to register a noteworthy growth owing to the growing geriatric population in Europe, increasing product launches, and growing healthcare expenditure in the region.

Also, the rising cases of fecal incontinence, is likely supporting the market development. As per the international neuromodulation society, in the U.K., one of the studies demonstrates that most of the elderly population are impacted by fecal incontinence.

Who are the Key Manufacturers and Suppliers of Bowel Stimulators?

Some of the leading manufacturers and suppliers of

• Bowel Stimulators include Medtronic PLC
• Axonics Inc.
• Sportaid
• Nuvectra
• Cogentix Medical
• Laborie Inc.
• B. Braun
• Cyberonics and others.

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• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

According to the latest research by Future Market Insights, the Cervical Retractors Market is set to witness robust growth with 6.9% CAGR growth during the year 2021-2031. The rising prevalence of cervical pain, increasing geriatric population and rise in number of cervical spine surgeries across globe are the major factors driving the demand for cervical reactor market.

As to the data released by the United Nations, the world had ~962 million individuals with age 60 or above in 2017, which represented 13 percent of the worldwide population in that year. Further, this population is expected to expand at a pace of 3 percent per year. Spinal problems are the most frequent conditions found in older individuals, affecting 5–55 percent of those with age 55 and above.

What are the Factors Driving the Demand for Cervical Retractors Market?

The growth of the market has been attributed to important factors, including the increasing prevalence age-related cervical conditions, surging geriatric population, increasing adoption of technologically advanced devices, and rise in number of cervical spine surgeries across globe are the major factor driving the demand for cervical retractors.

Furthermore, the key competitors in the market are witnessing the enormous research and development efforts to create new technologically advanced product for non-invasive surgeries.

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The U.S. And Canada Cervical Retractors Market Outlook

U.S and Canada are the key manufacture of cervical retractors and the technological advancement for innovative product have encouraged the cervical retractors.?

Factors such as the growing incidents of chronic diseases, rising number of surgical procedures in the region, the presence of a well-established healthcare system, the presence of leading players can be attributed to growth in the U.S. and Canada.

Additionally, U.S. and Canada is the largest contributor to the cervical retractors market, with a similar flow likely to continue and dominate the industry in the next several years.

Europe Demand Outlook for Cervical Retractors Market

Europe’s fastest-growing market for cervical retractors and continues and dominate the industry. Factors such as prevalence of autoimmune disorder, increasing adoption of minimally invasive surgeries, and high R&D focus by major market players are some of the factors driving the cervical retractors market Europe.

Additionally, the growing medical conditions are associated with a high risk for adverse outcomes such as mortality, disability, institutionalization, and hospitalization has also boosted the demand outlook for cervical retractors in Europe.

Who are the Key Manufacturers and Suppliers of Cervical Retractors Market?

Some of the key players operating in the cervical retractors market are

• Aesculap
• TeDan Surgical Innovations
• Life Spine
• Thompson Surgical
• Medfix International
• Rudolf Storz
• Globus Medical
• Novo Surgical
• NSI Health Systems

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

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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

According to the latest research by FMI, Portable MRI Market are set to witness a high growth of CAGR 6.8% during the year 2021-2031.

Portable MRI is an emerging tool during the COVID-19 pandemic. The introduction of low cost solutions in terms of portable MRI scanners is expected to enable new point-of-care and monitoring applications. With existing MRI scanners in centralized settings, accessibility and reduction of cost is primal.

Upcoming advancements in computational technology, hardware as well as expanding scanning-based technology industry in developing economies is set to effectively lead towards boosting sales of portable MRI.

Factors associated with the compatible applications of portable MRI in hospital environment and the reduced risk associated with lower magnetic strength of portable MRI are set to advance imaging services with expense mitigation, globally.

Portable MRI sales are expected to greater expansion over the forecast period owing to the strength of the factors mentioned above.

What is Driving Demand for Portable MRI?

The demand for portable MRI is driven by the premise of expansive reach of MRI through cost reduction. The applications of portable MRI provide support in terms of cost, sitting and operational burdens which is directly applicable to benefitting the overall healthcare development by increasing the access to MRI examinations for a larger number of patients. Additionally, portable MRI yields a higher rate of use with varied applications.

Not to mention, in cases of acute neurological settings, the application of portable MRI will positively impact patient health with non-invasive and time-sensitive neuroimaging. The benefits of this approach can potentially be employed in the assessment of neurological injury in various medical setups, including environments with limited resources.

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Which Factors are likely to Augment Growth of Portable MRI?

Technological advancements in terms of MRI scanners, especially specialty scanners has introduced a unique method of imaging. The costs associated with such scanners exhibited sub-optimal commercialization as compared to the prevailing models. The augmentative factor which provides leverage to portable MRI sales is the ease of access and potential for commercialization because of the advent of the COVID-19 pandemic.

U.S. and Canada Portable MRI Outlook

Introduction of COVID-19 pandemic over the globe impacted the magnetic resonance departments across the United States in terms of reduced procedure volume. The region of North America is expected to exhibit growth in terms of portable MRI sales over the forecast period. The growth is catalyzed by the increasing patient pool in the region as well globally, and rising awareness towards early diagnosis of diseases.

To quote health information provided by the Govt. of Canada on their website “44% of adults 20+ have at least 1 of 10 common chronic conditions”. Portable MRI demand in Canada is expected to increase over the forecast period owing to the rising prevalence of chronic diseases and growing geriatric population.

Europe Demand Outlook for Portable MRI

The region of Europe is projected to occupy a large share after North America in the adoption of portable MRI due to the rising prevalence of chronic diseases in the region, as well as increasing technological advancements, resulting in high demand for medical imaging devices.

The growth is also associated with the growing popularity of teleconsultation and teleradiology in the region, especially in countries like Germany. Demand of portable MRI in the region is lucrative and based upon the premise to fight cancer by employing cost-efficient and accessible diagnostic imaging solutions.

Who are the Key Manufacturers and Suppliers of Portable MRI?

Key companies operating in manufacturing and supply of Portable MRI are

• GE Healthcare
• Siemens Healthineers
• Philips Healthcare
• Canon Medical Systems
• Hyperfine
• Voxelgrids
• PrizMed Imaging.

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• Comprehensive analysis on evolving purchase pattern across different geographies
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• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

According to latest research by FMI, gel implants will experience substantial growth with CAGR 3.1% during the forecast period 2021-2031. Increased demand for gel implants is expected to encounter due to the rising demand of cosmetology. Increasing awareness of cosmetology procedures is expected to present lucrative opportunities to the key players of this demand outlook in the near future.

What is Driving the Demand of the Gel Implants Market?

The main factors driving the growth of the gel implants market include the increased focus on physical appearance and the increasing availability of inexpensive silicone cohesive breast implants. In addition, the increasing prevalence of breast cancer and the availability of a wide range of breast implants are driving the growth of the market.

For instance, according to the America Society of Plastic Surgeons, it was estimated that approximately 1,93,073 breast augmentation surgeries were performed in 2020.

Silicone gel implants were highly preferred by all the women seeking breast augmentation surgeries since they have higher quality in terms of appearance and firmness as compared to saline ones. Thus, the increased preference of the target population is expected to increase the demand during the forecast period.

Breast augmentations are becoming increasingly popular in emerging markets. The main reasons for this are increased economic prosperity and disposable income amongst the working population, increased influence of the cosmetic and fashion industry, increased people’s awareness of the latest products and processes, and low business start-up costs.

The growing prevalence of breast cancer is another key driver that is anticipated to propel the growth of the gel implants market. According to WHO, in the year 2020, the number of diagnosed cases of breast cancer were a staggering 2.3 million, and around 685,000 deaths occurred due to breast cancer, globally.

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The increasing prevalence of breast cancer has led to an increase in the number of women undergoing breast mastectomy, that is, breast augmentation. Surgical removal of one or both breasts, leading to more women undergoing breast augmentation. According to the American Society of Plastic Surgeons, approximately 36,367 women underwent breast augmentation surgeries as a preventative measure against breast cancer. Increased awareness amongst women about preventative procedures against cancer is another key driver of the gel implants market.

Prayasta: Using 3D Technology for Breast Augmentation

Bengaluru based start-up ‘Prayasta’ is reaching new heights in the breast augmentation industry. The company was established in 2017 and is developing a 3D printing technology to manufacture personalized breast implants for the target audience.

They have developed an in-house printer Silimax P250, from scratch to cater to the women who have to undergo mastectomy either due to suffering from breast cancer or as a preventative measure. The company wants to ensure the “one-to-one personalization” for all the women since every women’s body is different in structure, size, and shape so that they can provide the implant which is closest to its natural counterpart.

U.S. and Canada Gel Implants Demand Outlook

U.S. and Canada regions hold a large chunk of the gel implants market. The reason for such a high market share is due to the increased awareness of breast cancer, which is leading to many women opting for preventive mastectomy procedures.

Increased popularity and adoption of gel implants due to the higher efficacy of cohesive gel implants is expected to fuel the growth of this demand in the forecast period in this region.

For instance, on October 20, 2021, Sientra, Inc. announced that they have collaborated with a nonprofit organization ‘Mission Plasticos’ dedicating their venture to provide reconstructive surgical care to medically underserved and needy communities around the world with their program “ Reshaping Lives: Full Circle”.

Europe Gel Implants Demand Outlook

Europe holds a moderately high share in the global gel implants market. Factors such as the rising occurrence of breast cancer in Europe and the rise in breast cosmetic operations are likely to boost the market’s growth.

On the other hand, due to the disadvantages of breast implants, such as scarring or rippling, the market is anticipated to suffer a negative impact. In Europe, breast augmentation is the most popular cosmetic operation.

For instance, in April 2019, The German Federal Cabinet announced the initiation of a digital implant register for all the German patients to ensure the safety of all the patients undergoing implant surgeries.

Who are the Key Manufacturers of Gel Implants?

The key manufacturers of gel implants are

• Allergan Inc.
• Arion Laboratories
• Cereplas
• Establishment Labs
• Mentor Woldwide LLC (Johnson & Johnson Services Inc.)
• GC Aesthetics PLC
• Sientra Inc.
• Groupe Sebbin SAS

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• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

The global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights, ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

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The surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, a large quantity of pipes is required, which will drive the sales in the market. The same applies to the water supply and distribution segment because the demand is expected to surge amid the rising need for an uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Stainless Steel Welded Pipe Market Key Takeaways

• The stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031
• Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% of sales in North America
• Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031
• India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
• China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

The stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas, and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

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Will Growing Automotive Industry Propel the U.S? Market Growth?

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. The growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

How is Germany relevant to the Stainless Steel Welded Pipe market?

After a brief period of declining growth in 2020, the German market is expected to register 4.3% y-o-y growth in 2021. The German stainless steel welded pipe market will witness an appreciable growth on account of the increasing demand from the automotive and aerospace industries. Germany comes under the tag of the top 10 steel-producing countries with a market volume of 39.7 Million Tons in 2019. Stainless steel which is made in Germany is also very popular in sales due to its lower carbon content and is softer which makes them more durable than American grade Stainless Steel.

Stainless Steel Welded Pipe Market Segmentation

By Grade

• 300 Series
  • 304, 304L & 304H
  • 309 & 310S
  • 316, 316L, 316H, 316TI
  • 321/321H
  • 347/347H
• 400 Series
  • 409
  • 410/410S
• 900 Series
• Nickel Alloy Grade
  • Duplex 2205
  • Duplex 2207

By Application

• Construction
• Automotive
• Water Supply and Distribution
• Oil and Gas
• Petrochemical and Fertilizers
• Power Generation
• Others

By Outer Diameter

• 4 – 36mm
• 36 – 60 mm
• 61 – 150 mm
• 151 – 500 mm
• 500 – 1000 mm

By Region

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

Stainless Steel Welded Pipe Market Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

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Get Valuable Insights into Stainless Steel Welded Pipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global stainless steel welded pipes market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on grade (300 series, 400 series, 900 series, and nickel alloy grade), application (construction, automotive, water supply & distribution, oil & gas, petrochemical & fertilizer, and power generation), an outer diameter (4 – 36 mm, 36 – 60 mm,  61 – 150 mm, 151 – 500 mm, and 500 – 1000 mm) across seven major regions.

The approximately US$ 200 million market for 3D motion capture technology is set to witness strong growth over the forthcoming years. Up from the revenues attained in 2021, the 3D motion capture market is likely to see more than 13% Y-o-Y growth in 2022. As depicted in a new study of Future Market Insights (FMI), over 40% of overall demand for 3D motion capture will be accounted by hardware, followed by software.

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Global sodium silicate market will grow gradually at 3% CAGR between 2019 and 2029. Sodium Silicate products will witness an uptake in sales on the back of eco-friendly properties of the compound. Market players are innovating end-use applications that cater to the need for viable alternatives of conventional adhesives, binders, and cleaning agents.

Readily available raw materials such as silica sand, soda ash, and rice husk further propel manufacturing of sodium silicate. Supply and demand for the product exhibit cohesive growth trajectory during the forecast period (2019-2029).

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Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

Key Takeaway of Sodium Silicate Market Study

• Sodium Silicate market is valued at US$ 5.6 Bn in 2018 growing at a lackluster CAGR during the forecast period.
• Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
• Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.

Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.

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Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

More About the Report

FMI’s study offers an in-depth market forecast and analysis on the global sodium silicate market. Major categories encompassed by the report include application type (detergents, catalyst, pulp & paper, elastomers, food & healthcare, & others), across five regions (Asia Pacific, Europe, Middle East & Africa, Latin America and North America).

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