Advance Wound Care Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

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

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

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

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

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

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

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

Key Takeaways from Advance Wound Care Market Study

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

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

Who is Winning?

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

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

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

Key Questions Answered in the Report

How much is the advance wound care products market worth?

What are the key trends in advanced wound care?

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Airless Pumps Market To Increase At 5.5% CAGR Between 2021 And 2031

Globally the sales of airless pump are estimated to grow 1.8 times over the upcoming decade, as heavy demand for contamination-free packaging solutions surges across the globe. As per Future Market Insights (FMI), the global airless pump market is anticipated to exhibit growth at 5.5% CAGR between 2021 and 2031.

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Present day consumers are more aware about their personal care and cosmetic products. Their knowledge is no longer limited to ingredients list of personal care or cosmetic products, but covers benefits that some packaging can offer over others.

Consumers are even willing to pay more for packaging that reduces contamination of formula and ensures minimum wastage. Airless pumps are used for packaging body lotions, make ups, perfumes & deodorants, and several others products. Consumers, especially millennials prefer airless pumps for as they maintain the product integrity for a longer duration.

Airless packaging solutions, including airless pumps, are registering strong sales as they are available in a wide range of decorative bottles and containers with a sophisticated luxury feel. Demand for such highly customizable yet technology-oriented airless pumps is at all-time high, which is estimated to reinforce the market growth to a significant extent.

In addition to this, the global e-commerce industry is expanding with its improvised business models and inventory and shipment operations.  The increasing shopping of an extensive range of personal care, beauty and cosmetic product via online platforms is fuelling sales of airless pump to a great extent.

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Key Takeaways from Airless Pump Market

  • Handheld airless pump are gaining traction in the market. They are expected to accounts for almost 70% market share in 2021.
  • As per FMI, the demand for airless pumps made up of plastic is estimated to grow at 5.1% CAGR between 2021 and 2031.
  • Application in body lotion packaging is anticipated to offer a total incremental opportunity of US$ 57.1 Mn over the upcoming decade.
  • Demand in Asia-Pacific is expected to grow at a 6.8% CAGR over the forecasted period.
  • The U.S. in North America and Germany in Europe will spearhead the sales of airless pumps.

“Impressive growth in demand of cosmetics & beauty care products is driving the sales of airless pump. The market also will gain from the expansion of global personal care brands,” says FMI analyst.

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Manufacturers Eyeing Luxury and Premium Packaging for Beauty Personal Care Industry

Manufacturers operating in the global cosmetic and personal packaging market are offering highly customized and luxury packaging solutions. Premium packaging adds aesthetics along with sophistication of functionality.

Airless pumps are available in a variety of glossy bottles and jars. As compared to flexible cosmetic packaging solutions, airless pumps can be converted into versatile end-products with customizable add-on features. Due to the intensifying competition in the cosmetic and personal packaging market, airless pump manufacturers are likely to focus on offering innovative packaging solutions.

Active Humidifier Devices Market 2021 Key Players, End User, Demand and Consumption by 2031

According to a recent study by Future Market Insights (FMI), the active humidifier devices market is expected to witness sluggish growth during the forecast period. The market is slated to grow from US$ 1.23 Bn in 2020 to over US$ 1.0 Bn by 2031. This reflects a cumulative CAGR of around -2.2% over the forecast period (2021-2031).

The current market scenario depicts a competitive landscape and is anticipated to witness significant growth during the forecast period. Growing respiratory disorders across the globe due to the outbreak of COVID -19 virus, created a sharp rise in demand for ventilators across the globe.

As humidifiers are used to provide humidified air to patients who require respiratory assistance, the demand for these devices increased during the pandemic, especially across India, China, and the U.S. Also, the outbreak of infectious diseases affecting respiratory systems, acceptance of high flow nasal cannula for oxygen therapy is anticipated to drive the sales of active humidifier devices.

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Growing geriatric population with respiratory disorders has improved the adoption of non-invasive ventilators. However, due to increasing severe cases of COVID-19 across the globe, need for invasive heated/electronic humidifier devices have surged the sales worldwide.

As per Future Market Insights, invasive ventilation segment is accounted for over 46.8% during 2021 and is expected to witness steady growth during the forecast period. With high prevalence of air borne diseases and respiratory diseases, demand for heated/electronic active humidifier devices is expected to witness substantial growth over the forecast period.

The heated/electronic active humidifier devices will hold over 56.5% of global market share through 2031, estimated by Future Market Insights. In past, the development and launch of technologically advanced new solutions to meet patients’ expanding respiratory needs is expected to bolster active humidifier devices market growth.

active humidifier devices market characteristics and attributes with regional relevance 2021

Key Takeaways from Active Humidifier Devices Market Study

  • By product, heated/electronic humidifier devices accounted for the largest share of 56% in 2021 and are expected to continue to grow during the forecast period.
  • By age group, adult segment is expected to account for the largest share of 88% in 2021 of global active humidifier devices.
  • In terms of application, invasive ventilation is expected to account for the largest share of 47% during in 2021.
  • By end user, hospitals accounted for the largest share of 65% in 2021 and are expected to grow at the steady pace during the forecast period.
  • North America held the largest share of 28.7% in 2021 of the global active humidifier devices market. Emergence of new infectious diseases affecting respiratory systems, presence of leading manufacturers, and growing market consolidation activities has fueled the growth of the active humidifier devices market in North America.

“Surging demand amid COVID-19 outbreak and acceptance of high flow nasal cannula therapy will drive the humidifier devices market over the next ten years,” says the FMI Analyst

Who is winning?

Some of the leading manufacturers of active humidifier devices market are focusing on product launches and expansion strategies such as collaboration and mergers with other key players to expand their customer base, thereby, improving their market presence.

  • In July 2021, Breas Medical and Dräger entered into an agreement, together, wherein, they will provide extended support for providing ventilation solutions into the U.S. long-term care facilities.
  • In July 2021, Koninklijke Philips N.V.  announced the acquisition of Capsule Technologies, Inc. to expand its leadership in patient care management.
  • In April 2020, Vapotherm expanded its production capacity for high-flow nasal cannula systems, in response to the growing demand for high-flow nasal cannula systems, which are used for treating COVID -19 respiratory distress.
  • In May 2020, Inspired Medical’s Inspired O2FLO high flow respiratory humidifier has received Emergency Use Authorization (EUA) by U.S. FDA. This device will be available for emergency use in healthcare settings to treat patients with hypoxemia and other-acute respiratory symptoms. Additionally, O2FLO also meets homecare safety requirements which makes them safe for home use and also is IEC60601-11 compliant.

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The key market players profiled by FMI include Teleflex Incorporated, Koninklijke Philips N.V., Fisher & Paykel, ResMed, Vapotherm Inc., Vincent Medical Ltd (Inspired Medical), Sumed (Salter Labs), WLAMed GmbH, Penlon Ltd., DEAS S.R.L., Beijing Aeonmed Co., Ltd., Flexicare (Group) Limited, GalMed Corporation, and Vadi Medical Technologies.

What is the Impact of the COVID-19 on the Market?

Adevnt of COVID-19 is anticipated to have a positive impact on the growth of the active humidification market, specifically for heated/electronic humidification devices. In the FQ-20, cases of coronavirus witnessed sudden spike, especially in India, which provided major boost to the active humidifier devices demand.

Also, even with the commencement of vaccination drive across the globe, cases are still increasing in some regions across the globe, which is keeping the market demand steady. Now, with growing awareness among the consumers for their health, as a precautionary measure consumers are increasing the adoption of these devices, especially for the patients in home-care settings.

Active Humidifier Devices by Category

Product Type:

  • Heated/electronic Humidifiers
  • Bubble Humidifiers
  • Accessories

Age Group:  

  • Adult
  • Paediatric
  • Neonates

Application:

  • Invasive Ventilation
  • Non-invasive Ventilation
    • nCPAP (Nasal Continuous Positive Airway Pressure)
    • Bubble CPAP (Bubble Continuous Positive Airway Pressure)
  • High Flow Oxygen Therapy

End User:

  • Hospitals
    • Less than 100 Beds
    • 100-300 Beds
    • 300-500 Beds
    • 500 Beds and More
  • Ambulatory Surgical Centers
  • Sleep Centres

Region:

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

Key Questions Answered in the Report

How much is the active humidifier devices market currently worth?

What are the key market statistics in China?

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Biodegradable Baby Diapers Market Is Expected To Surge At 7.5% CAGR During The Forecast Period, From 2021 To 2031

Increasing adoption of baby diapers and growing awareness towards environmental impact of disposable of baby diapers have surged the sales of biodegradable baby diapers. As per Future Market Insights (FMI), the demand for biodegradable baby diapers is expected to surge at 7.5% CAGR during the forecast period, from 2021 to 2031.

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Parents today have increasingly turned conscious not only for their babies but also in terms of environment. As per the recent statistics of 2021, diapers are third largest consumer product that end up in landfills. Accumulating diapers waste in an average household with kids and infants that wear diapers has become a serious concern.

As biodegradable diapers can be easily decomposed, key players are increasing the production to curb the environmental pollution and generate revenues. As parents are increasingly becoming aware regarding the pollution, they are switching to eco-friendly and chemical free products.

Along with the environmental impact, the market players are underpinning safety offered by promoting biodegradable baby diapers as dermatologically tested. This also has encouraged greater innovation in the market.

For instance, Bamboo Nature is one such brand that incorporates a color-changing moisture indicator, a feature that indicates when change is needed. Such efforts on the part of players are likely to scale up the adoption of biodegradable baby diapers in the coming years.

Increasing penetration of social media is playing a vital role in influencing the perception of new parents. Efforts undertaken by several mothers and baby health experts on social media has played a significant role in impacting consumer’s buying decision in the past few years.

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Besides this, the campaigns and initiatives undertaken by players to promote the impact of diapers on environment is likely to further reshape consumer preferences. Huggies is one such brands that has taken an active initiative in spreading awareness regarding the impact of diapers on environment and thus promoting biodegradable options.

Such brand initiatives are further expected to play a key role in spreading awareness regarding biodegradable options especially in the developing countries where awareness levels are low.

Key Takeaways from the Biodegradable Baby Diapers Market Study

  • In terms of product type, pant style diapers are expected to reflect a strong CAGR growth as compared to tape style diapers. As per FMI, pant style diapers are expected to grow at a CAGR of 8.3% during the forecast period.
  • In terms of pricing premium biodegradable baby diapers are expected to register a significant CAGR as the new parents have turned increasingly conscious and least compromise on essential baby products.
  • The U.S. holds a market share of 79.4% in North America in 2021 owing to the rapid upsurge in the awareness level regarding the impact of diapers on environment.
  • The U.K. is expected to emerge as a key market in Europe, reflecting growth high growth  owing to higher spending on premium products in the country.

“Key players are increasingly focusing on improving their digital marketing skills as their sales are widely generated through online retailers and social media. Hence, they are adopting strategies such as social media campaigns, digital media marketing, and promotional videos to reach larger audience and gain competitive edge in the industry.” says an FMI analyst.

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Who is Winning?

Leading manufacturers of biodegradable baby diapers are focused on extensive promotional strategies, advertisements, and new product developments which is expected to drive the demand for biodegradable baby diapers across the globe.

Major players present in the biodegradable baby diaper market are Seventh Generation, Inc., Naty AB, The Honest Company, Abena A/S, KAS Direct, LLC, Broody Chick Company, Hansen Kids LLC, Drylock Technologies NV, Hengan International Group Company Limited, The Hain Celestial Group, Inc., Kimberly-Clark Corporation, Kao Corporation, Bumkins Company, The Procter & Gamble Company, Ontex Group and Unicharm Corporation among others.

U.S. Automotive and Aircraft Interior Genuine Leather After Market is projected reach a valuation of nearly US$ 7.8 Billion and Forecast 2021-2031

The U.S. automotive and aircraft leather aftermarket is projected to reach a valuation of US$ 7.8 Bn in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at 3.6% CAGR, with the market valuation reaching US$ 11.1 Bn in 2031.

Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft.

The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market.

Leather manufacturers are providing customization to meet the changing consumer requirements. This provides the end-user with a large selection of leather types to pick from, ranging from basic to advance.

As per FMI’s analysis, the automotive in end-use segment is anticipated to dominate the U.S. automotive and aircraft interior genuine leather aftermarket. Growth can be attributed to strong presence of key automotive and aviation players in the U.S., along with rapid adoption of new technologies to manufacture more efficient and durable leather. These trends will continue augmenting growth of the market over the assessment period.

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Key Takeaways:

  • By end-use, the automotive segment is expected to account for more than half of total market share in 2021.
  • In terms of applications, sales in the passenger cars segment are projected grow at a 3.6% CAGR through 2031.

“The introduction of latest technologies in automotive seating such as climate-controlled seats in electric and hybrid vehicles is expected to boost demand. In addition to this, growing preference for lightweight vehicles is expected to bode well for the market in the forthcoming years,” says an FMI analyst.

Competitive Landscape

Leading players operating in the U.S. automotive and aircraft interior genuine leather aftermarket include Lear Corporation., WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H, Bader GmbH & Co. KG., Leather Resource Of America Inc., Katzkin Leather, Inc., Hydes Leather, Carroll Leather., Alea Leather Specialist Inc, Danfield Inc, Townsend Leather Company, Inc, Perrone Aerospace, Moore and Giles, Spectra Interior Products and others.

To gain a competitive edge in the market, players are focusing on research and development to launch new variants of genuine leather. Apart from this, players are investing in strategic collaborations, mergers and acquisitions to expand their global footprint. For instance:

  • In April 2018, IZIT® Leather announced to offer a five-year warranty against delamination for its commercial airline seating products, IZIT® XP and XP-A. Rated as the best overall performing synthetic leather by a major U.S. leather testing laboratory, IZIT® Leather offers the commercial air carrier the confidence that seat covers made from IZIT® will withstand the most challenging conditions of wear and abuse while retaining its freshly installed appearance – without delamination.

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U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket by Category

By End-Use:

  • Automotive
    • Passenger Cars
      • Compact
      • Subcompact
      • Mid-Size
      • Sedan
      • Luxury
      • Van
    • LCV
    • HCV
  • Aviation (Aircraft)
    • Narrow Body Aircrafts
    • Wide Body Aircrafts
    • Regional Jets
    • Business Jets
    • Helicopter

By Application:

  • Automotive
    • Upholstery
    • Dashboard
    • Seat belts
    • Airbags
    • Floor & trunk carpets
    • Headliners
    • Others
  • Aviation (Aircrafts)
    • Bottom Covers
    • Backrests
    • Seat Rear Pockets
    • Headrests
    • Armrests

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By Country:

  • The U.S.

 

Advanced Empty Capsule Market Was to surpass US$ 1.5 Bn by 2021

Advanced capsules are cost-friendly, they ensure high patient compliance, minimizing first-pass metabolism, and offer increased bioavailability. These factors are increasing their applications in the pharmaceutical, nutraceutical, and cosmeceutical industries.

According to Future Market Insights (FMI), the demand for the advanced empty capsule is expected to rise considerably, enabling the market to surpass US$ 1.5 Bn by 2021.

The availability of knowledge-based resources and enhanced research collaborations has improved product development. This has aided development in treatment of chronic conditions such as cardiovascular diseases.

The global market is rapidly growing, due to which many small and regional players that are focusing on entering the market with innovative products. Various manufacturers are focusing on the launch of innovative and smart capsule products to enhance revenue generation.

For instance, On March 5, 2021, CapsCanada, a Lyfe Group, announced the launch of a new liquid-filled hard capsule manufacturing service.

Similarly, Roxlor developed proprietary capsule technologies to produce hard capsules with marine gelatin and from Pullulan, a natural polysaccharide.

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There is an increasing vegetarian influence on the product portfolio, which is being seen as an alternative to gelatin capsules, providing customized capsules to CROs to conduct pre-clinical and clinical trials, which can save cost incurred on research and development activities.

The worldwide per capita healthcare spending has doubled due to increasing awareness in terms of treatment options. Rapid economic and population growth in addition to increasing disposable incomes are prime factors responsible for the growth of the healthcare industry.

Rising healthcare spending is expected to positively influence the market. This is indicative of the fact that consumers are more willing to pay for advanced and more convenient treatment methods.

Key Takeaways from Advanced Empty Capsule Services Market Study

Oral capsules account for 89.8% of the market in 2021 owing to ease of administration and dosage compliance.Demand for vegetarian-based advanced empty capsules will rise at over 9% CAGR, driven by growth in the number of vegan and vegetarian consumers.Size “0” capsules will account for more than 20% of the market. Their sales will be driven by ease of consumption, and optimal dosage potency.Germany holds the lead in Europe with a valuation of US$ 169 Mn 2021 owing to the presence of key production facilities.India holds dominance in South Asia and will account for over 60% of the regional sales by 2031.”Higher adoption of oral capsules, favorable government initiatives, and frequent technological advancements will offer lucrative growth opportunities for empty capsule manufacturers in the long term,” says a Future Market Insights analyst

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Who is Winning?

Leading manufacturers in the market are strengthening their market position through collaborations. Governments in developed and developing countries are actively taking initiatives to encourage various research activities that will aid developments in this market. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

For instance, On Feb 19, 2019, ACG Worldwide was the first company in Asia to launch the Polytype coating line. Also, with the addition of the coating line to the Brazil facility, the company aimed to improve service to South American customers. Both developments strengthened global positioning by adding a coating line to the existing manufacturing facilities.

In October 2020, Lonza expanded its capsule manufacturing capacity. The new expansion involved eight global Lonza sites. The investment aimed to address the increasing global demand for capsules. This investment is estimated to expand the capsule manufacturing capacity by 30 billion capsules annually.

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Future Market Insights brings the comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global advanced empty capsule market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into the advanced empty capsule market and segments it on basis of the main indication in detail. It covers every aspect of the market such as product type, molecule type, application, and service provider across seven key regions.

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About Future Market Insights (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, and has delivery centers in the UK, 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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Bioprocess Technology Market 2021 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

According to a recent study by Future Market Insights (FMI), the global bioprocess technology market was valued at US$ 17.3 Bn in 2020 and is expected to register a CAGR of 15.2% during the forecast period (2021-2031). It is projected to generate a revenue of US$ 81.2 Bn by the end of 2031.

Technology has always been at the heart of biotech. The emergence of advanced computing technology such as machine learning and artificial intelligence has enabled companies to expand the scale of their research and improve efficiency in the manufacturing process—both of which reduce the time it takes for biotech firms to bring new products to market.

Increasing research and development spending on pharmaceutical products has improved the well-being of patients to a significant level. Today vaccines have proven to be one of the most effective ways to prevent children from infectious diseases. This is highly possible due to increased government spending on research & development in the life science stream.

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For instance, in May 2020, AbSci Inc. closed USD 15.4 Mn in series D funding to accelerate the growth and scale of disruptive protein printing technology, by announcing an exclusive co-marketing partnership with KBI Biopharma.

There are currently more than 1,500 biomolecules undergoing clinical trials, which target more than 100 hundred types of diseases and success rate for biologics has so far been over twice that of small-molecule products.

bioprocess technology market key regions and end user mekko chart 2021

Key Takeaways from Bioprocess Technology Market Study

  • In 2021, the BIOTECH/BIOPHARMACEUTICAL COMPANIES segment is expected to dominate the global bioprocess technology market with a 44.0% market share, whereas, CDMO/contract research organization segment is expected to occupy over 40% of the market share.
  • By product, the upstream segment dominated the global Bioprocess Technology market with a 64.8% market share.
  • Europe and East Asia dominated the global bioprocess technology market occupying over 24.3% and 14.7% market share, respectively.

 “Single-use bioprocess products offer lucrative investment opportunities. With the increasing biopharmaceutical manufacturing across the world, adoption of single-use products is expected to gain traction,” says the FMI Analyst

Who is winning?

Some of the leading companies of bioprocess technology are focusing on their extensive portfolio of single-use cell culture bioreactors, containers, strong distribution channels, and strategic selling to the leading biopharmaceutical manufacturing entities.

  • Thermo Fisher Scientific Inc. is a multinational biotech company that develops, manufactures, and distributes products in the areas of healthcare & diagnostics, life sciences, pharmaceuticals, and others. In Sep 2020, Thermo Fisher Scientific Inc. announced the opening of its new Bioprocessing Collaboration Center (BCC) in St. Louis, Missouri.
  • Sartorius AG is a leading provider of contract testing services to the global biotechnology and biopharmaceutical industries. In July 2020, Sartorius Stedim Biotech acquired a majority stake in CellGenix to strengthen its product portfolio for cell and gene therapies.
  • Danaher Corporation designs manufacture and markets professional, medical, industrial, and commercial products and services. In March 2020 Danaher Corporation acquired the Biopharma business from General Electric’s Life Sciences division.

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The key market players covered by FMI include Thermo Fisher Scientific Inc, Sartorius, Merck KGa, Danaher Corporation, Applikon Biotechnology B.V., Lonza AG, Bio-Rad Laboratories, Agilent technologies, Solida Biotech GmBH, and Waters Corporation.

What is the Impact of the COVID-19 Crisis on the Market?

The COVID-19 pandemic is expected to positively impact growth. It has created ample opportunities for players due to the increasing demand for bioprocess technology. Consumer behavior connected to epidemiological stages and government responses to the pandemic are resulting in high demand for bioprocess technology.

The outbreak has changed distribution channel operations and pushed traffic to e-commerce options. Supply chains were hampered during the second quarter of 2020 due to trade blocks that occurred globally to stop the surging cases of virus. These factors are however likely to subside through 2021 and beyond.

Key Questions Answered in the Report

How much is the bioprocess technology market worth?

Which companies are the key players in the bioprocess technology market?

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Regulatory Reporting Solutions Market Is Expected To Reach ~US$ 15.5 Bn By 2031, Growing At A CAGR Of 14.8% For 2021 – 31

According to the regulatory reporting solution industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 14.8% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 3.9 Bn by the end of 2021. As per FMI, intelligent data analysis and reporting present an opportunity to identify trends and better mitigate inherent risks.

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New regulatory regimes may lead to a more proactive approach to regulations. Regulatory processes have become streamlined due to adoption of regulatory reporting solution and it provides regulators a real-time data. Enterprises are using technology like Apache Spark for real-time data analysis and monitoring.

Real-time data analysis helps bank to identify and track fraud. Automation and consolidation of reporting and analytical processes facilitate this streamlined approach to regulations.

Key Takeaways: Regulatory Reporting Solution Market

  • By solution, the regulatory reporting segment is anticipated to account for the leading share in the global demand for regulatory reporting solution during the forecast period. However, the consulting and advisory service segment is estimated to grow at a robust CAGR of 13.7% through 2031.
  • The adoption of regulatory reporting solution by insurance industry is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.0% between 2021 and 2031.
  • EMEA is expected to lead the market followed by North America in 2021. EMEA is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in U.K. is expected to progress at a CAGR of 19.1% through 2031.
  • In India, sales are expected to increase at a CAGR of close to 21% over the next ten years.

 “Regulatory reporting solutions market players are focusing on developing innovative solutions that are integrated with analytical capabilities to address regulatory requirements across multiple jurisdictions” says FMI analyst.

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COVID-19 Impact Analysis on Regulatory Reporting Solution Market

As a result of COVID-19 outbreak and the consequent lockdown in various countries, many of the firms found their profitability and processes under unprecedented stress. The pandemic has accelerated digital transformation among financial firms.

Digital transformation is compelling central banks and regulators to restructure and rethink their approaches for becoming resilient, adopting various technologies and constructing an agile operating model, all while offering regulatory services.

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Regulatory agencies are encouraging financial firms to adopt digitalization for convenience and transparency. Due to the trend of increasingly complex regulatory requirements regulators and financial firms are finding reporting as a complex and time-consuming task. Adopting regulatory reporting solution may lead to various benefits like more transparent regulation, which the top-most priority for financial firms.

Implementation of technologies such as artificial intelligence, blockchain, and application programming interface helps the regulators to supervise financial markets, identify harm and detect financial crime.

Digital Ovulation Test Kits Market expanding at a CAGR of 9.6% for 2021 – 2031

The U.S. digital ovulation test kit market grew at about 4% CAGR until 2020, according to a study by Future Market Insights (FMI). The U.S. digital ovulation test kit market is expected to reach US$ 95.1 Mn by 2031, expanding at a CAGR of 9.6% for 2021 – 2031.

The demand for digital ovulation test kits will accelerate in response to the increase in working women population and rising need of self-sustained digital ovulation test kits.

As per data from Centers for Disease Control and Prevention (CDC), around 6% of married women in the U.S. aged 15-44 years were unable to conceive in 2019.

The report also states that approximately 12% of 15-44 years aged women face difficulty in conceiving or carrying a pregnancy even after trying for one year.

Rising necessity for cost-efficient and accurate digital ovulation test kits in the market for fertility monitoring will increase the demand for digital ovulation kits in the U.S.

Key manufacturers are focusing on initiating various awareness campaigns and online education programs to spread awareness regarding PCOS and PCOD in women. The collaboration between government and healthcare organization to improve fertility rates across the nation will elevate the market demand.

Digital ovulation test kits assist users to keep an eye on fertility disorders. The rapid adoption of digital strip readers for ovulation tests creates an ideal environment for market growth.

Line indicator ovulation test kits have become outdated as women find it difficult to interpret test results. Digital ovulation test kits provide direct results in the form of digital display. The new models can connect to your smartphone and deliver the results.

As per a study conducted by Clearblue regarding feasibility, it became evident that the use of digital devices has reduced the chances of errors and misinterpretation by around 70%. High accuracy and ease of use will fuel the market demand in upcoming years.

 “Extensive research and development in the field of ovulation test kits led to invention of digital ovulation testing kits with smartphone connectivity to track the fertility hormones. Focus on innovation will drive the U.S. digital ovulation test kits market during the forecast period,” says a FMI analyst

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Key Takeaways

  • Branded digital ovulation test kits are dominating the U.S. market, accounting for about 85% of total market share in 2021. Extensive marketing using online portals like Amazon and EBay will fuel the market demand.
  • Private label test kits are gaining significant grounds and are expected to experience significant growth during forecast period. The private label kits are promoted in high profile meetings and medical conferences leading to increased market sales.
  • High availability of digital ovulation test kits in pharmacies and hospitals assisted the institutional sales segment to generate significant market revenue. Institutional sales generate more than 54% of total maximum revenue generation in U.S.
  • Digital ovulation test kits market has observed a slight dip in demand owing to its high prices. With regional market players developing cheaper kits, a healthy demand is expected throughout the assessment period.
  • Invention of new products alternative to digital ovulation test kits and increasing cases of product recalls will hamper the market growth.

 Competitive Landscape

According to the study by Future Market Insights, the main area of focus among all market players is rapid product development and new product launches to strengthen their market position.

The market players are working towards increasing consumer awareness to gain a competitive edge in this consolidated market.

Samplytics Technologies Private Limited developed a smartphone-connected device named “Inito Fertility Monitor” and launched it in November 2020. The device is effective to identify up to 6 fertile days to measure estrogen and luteinizing fertility hormones.

To enhance commercialization, leading market players are employing collaborative promotion and marketing strategies to increase their visibility in this cut throat environment. Such strategies will heighten the popularity of digital ovulation test kits in the market.

Wal-Mart and Amazon have partnered with leading manufacturers such as Church & Dwight Co. Ltd. The aim is to use e-commerce portals to bolster overall brand image and promote digital ovulation test kits.

Some of the leading companies operating in the U.S. digital ovulation test kits market are:

  • Swiss Precision Diagnostics GmbH
  • Church & Dwight Co., Inc.
  • Gregory Pharmaceutical Holdings, Inc.
  • Sugentech, Inc.
  • iXensor Co. Ltd
  • Samplytics Technologies Private Limited
  • Bio-AMD

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More Insights on the Global U.S. digital ovulation test kits Market

Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. digital ovulation test kits market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the U.S. digital ovulation test kits market with a detailed segmentation on the basis of:

By Product:

  • Branded Test Kits
  • Private Label Test Kits

By Distribution Channel:

  • Institutional Sales
  • Hospital Pharmacies
  • Gynaecology Clinics
  • IVF Clinics
  • Maternity Care Centers

Retail Sales

  • Retail Pharmacies
  • Drug Stores
  • Hypermarkets & Supermarkets
  • Online Sales

 Key Questions Covered in the Report

  • How will the U.S. digital ovulation test kits market expand through 2031?
  • Which top manufacturing companies are leading the global U.S. digital ovulation test kits market?
  • What are the key drivers and trends that will stimulate the U.S. digital ovulation test kits sales?
  • What are the challenges that will affect the sales of U.S. digital ovulation test kits market?
  • Which region will remain the most lucrative throughout the forecast period?
  • What is the impact of Covid-19 on U.S. digital ovulation test kits market?

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About Future Market Insights (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, and has delivery centers in the UK, 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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Cargo Bike Tire Market value is projected to grow at 12.2% CAGR and volume is expected to grow at a CAGR of 11.6% over the forecast period 2021 – 2031

[284 Pages Report] The cargo bike tire market value is projected to grow at 12.2% CAGR and volume is expected to grow at a CAGR of 11.6% over the forecast period 2021 – 2031

Cargo Bike Market Value (2021A) US$ 162.7 Mn
Cargo Bike Market Estimated Year Value (2022E) US$ 181.1 Mn
Cargo Bike Market Projected Year Value (2031F) US$ 515.5 Mn
Value CAGR (2021-2031) 12.2%

 

According to Future Market Insights (FMI), over the forecast period from 2021 to 2031, the global cargo bike tire market is projected to grow at a CAGR of 12.2%.

Key factors driving the cargo bike tire market are higher life-span offered by cargo bikes, rise in the number of miles being ridden by cargo bikes each year, increasing concern towards safety and maintenance, and technological advancements to offer better grip and performance of tires.

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As city streets keep clogging up at a rapid speed, cargo bicycles have emerged as one of the most productive and advantageous methods of transportation for cargo firms. Driven by this the sales of cargo bikes will pick up pace globally and this trend will continue through the course of the forecast period.

Steered by implementation of stringent emission control norms, the market players are focusing in on the production of electric cargo bike. Various players working in the cargo bike tire industry are expected to expand their product portfolio in the forthcoming years.

Key Takeaways from Market Study

  • By product type, tubeless tire are anticipated to account for sales of more than 60% in the global market.
  • Three wheeled cargo bikes held a market share of about 45% in terms of cargo bike type in the market.
  • By region, Europe is projected to hold more than 65% of the global market.
  • Tubeless tire is projected to be the fastest growing segment in terms of product type, exhibiting a CAGR of 12.7%
  • The 26 inches tires segment is projected to account for 38% of the market based on tire size.

Cargo Bike Tire Market Competitive Landscape

The market has been described as slightly fragmented globally. Some of the leading market participants include Cheng Shin Rubber Ind., Goodyear Tire & Rubber Company, Ralf Bohle GmbH (Schwalbe), Trek Bicycle Corp., Hutchinson, Zhongce Rubber Group Company Limited, Michelin Group, Trelleborg Group, Continental AG, Kenda Tires, PT. Inustri Karet Deli, WTB, Vittoria S.p.A., Ralson Tyres, Metro Tyres, Mitas, Panaracer Corporation, HWA Fong Rubber Co., Ltd. (Duro Tires) and others.

Key organizations are investing in research and development to offer better products to expand their market share. A few organizations working in the cargo business, including DHL, UPS, and Amazon plan to test the capability of cargo bikes in New York City, and have introduced a test case program to minimize traffic congestions in specific parts of Manhattan.

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Cargo Bike Tire Market Projection

Cargo bike tires will witness a large increase in demand due to rising cargo bike sales and increasing number of people choosing for environmentally friendly e-bikes. Manufacturers are also being influenced by environmental regulation to develop products that adopt technology improvements.

Key Market Segments Covered

Product Type

  • Tube
  • Tubeless

Tire Size

  • Below 20”
  • 20”-24”
  • 26”
  • 27.5”
  • Others

Cargo Bike Type

  • Two-Wheeled
  • Three-Wheeled
  • Four Wheeled

Sales Channel

  • OEM
  • Aftermarket

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Region

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