Cell Line Development Market 2021 Global Trends, Opportunities, Emerging Technologies and Growth Analysis by Forecast to 2028

According to a latest research by Future Market Insights (FMI), the global cell line development market size is anticipated to account for over US$ 7,200 Mn, in terms of value, by 2028 end. The report on cell line development market further projects significant growth potential with CAGR at 7.2% through 2028.

According to International Agency for Research on Cancer, the number of new cancer cases per year is expected to rise to 23.6 million by 2030 globally. In recent times, cell line development and its applications are considered as potential tools in oncology research. Cell lines are projected to be used for development of new treatment pathway for various disease including cancer and neurological diseases.

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Rapid increase in prevalence of cancer and neurology disorders and lack of efficient treatment solution for these diseases has created the need of more advanced and efficient treatment pathway. Companies and government organizations are investing on research and development activities and are also focusing more on cell line development in search of new cellular pathway to develop novel drugs. The increased spending on biosimilar R&D from exiting biopharmaceutical companies would provide boost to cell line development market.

In recent time the contract research organizations are focusing on cell line development and cell line research activities. According to National Institutes of Health (NIH) the estimated total federal spending on all type of stem cell line research for 2017 is US$ 1.58 Bn. In developing countries like India, government is supporting cell line development through national funding agencies like Department of Biotechnology (DBT), Indian Council of Medical Research (ICMR), and Department of Science and Technology (DST).

Regenerative medicines are the next generation treatment solution and Cell Line Development or Cell Culture is a vital part for regenerative medicine. Increasing demand of regenerative medicines in cancer treatment would positively impacting the growth of Cell Line Development market over the forecast period.

The biopharmaceutical companies operating in development of novel drug line are expected to hold promising revenue opportunity in cell line development market.

Future Market Insights (FMI) has segmented the cell line development market based on product type, cell line source type, end user, type of cell line and region.

Product type segment in cell line development market is segmented into media and reagents, equipment and accessories. Reagents and Media are required from incubation to preservation of cell lines. These products are expensive and have repetitive use in cell culture or bio-production. Reagent and media segment in cell line development market is expected witness noteworthy growth in terms of revenue owing to rapid increase in demand in cell culture and cell based assays.

Cell line development market by cell line source is categorized into mammalian cells and non-mammalian cells. Mammalian cell line development is anticipate to witness significant growth in overall cell line development market. This growth of mammalian cells segment in cell line development market is driven by increased production of biologics drugs which require mammalian cells. Increasing antibody production is the major driving factor behind the growth of mammalian cell lines segment in cell line development market.

Mammalian cell lines are used to create therapeutic proteins through genetic building and antibodies through viral infection. For example, Gaucher’s disease, which is a genetic disorder characterized by lack of β-glucocerebrosidase enzyme and can be treated by Cerezyme which is a recombinant enzyme produces in mammalian cell lines. Mammalian cell lines are also useful in production of antibodies and other therapeutic agents such as specific binding proteins that can neutralize disease causing agents in the body. For example Under cell line type segment in cell line development market, recombinant cell line development are the most demanding type of cell line due to large application in biologics production, protein interaction, gene activation, toxicity testing and drug screening.

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Growing application recombinant cell line development in drug toxicity testing is expected to boost the growth of overall cell line development during the forecast period

North America and Europe cell line development market will dominate in owing to increasing government funding in cell line development research and rising spending on biosimilar developments. Asia Pacific cell line development market is expected to grow at a high growth rate due to increased number of research organization engaged in novel biologics and biosimilar fastest revenue growth in overall cell line development market.

The Asia Pacific region in Cell line development market is anticipate to witness increasing demand of biopharmaceuticals and regenerative medicines are expected to boost the growth of the cell line development market.

FMI’s report tracks some of the key companies operating in the cell line development market, such as Selexis SA, GE Healthcare, Corning Incorporated, Thermo Fischer Scientific, Inc., American Type Culture Collection (ATCC), Lonza (Sartorius Stedim Biotech S.A.), Danaher Corporation, Merck KGaA, WuXi Biologics.

 

Lacrimal Duct Stent Tube Market Size, Historical Growth, Analysis, Opportunities And Forecast To 2029

Introduction of upgraded and highly precise lacrimal duct stent tube for canalicular stenosis or obstruction and congenital nasolacrimal duct obstruction remains a key booster to the growth of lacrimal duct stent tube market. The global market for lacrimal duct stent tube is projected for a promising 6% CAGR during 2019 – 2029, as suggested by a new Future Market Insights (FMI) report.

There has been higher preference for bicanalicular lacrimal duct stent tube over its monocanalicular counterpart, attributing to the former’s high success rate, suitability for stenting in older patients, and better clinical outcomes. Moreover, increasing prevalence of retina-related conditions, primarily imperforation of nasolacrimal duct, epiphora both in infants and adults, and conditions necessitating dacryocystorhinostomy are other factors responsible for propelling revenue growth of the lacrimal duct stent tube market.

Consistent efforts towards diagnosis and management of lacrimal duct obstruction with enhanced success rate, minimally invasive lacrimal surgery, and better clinical outcomes, and increasing product awareness among ophthalmologist are factors augmenting growth prospects for the lacrimal duct stent tube market.

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Key Takeaways – Lacrimal Duct Stent Tube Market Study

  • Bicanalicular lacrimal duct stent tube is expected to contribute three fourth of revenue share in the lacrimal duct stent tube market owing to its high success rate in stent placement.
  • Hospitals captured maximum share of the lacrimal duct stent tube market owing to highest patient footfall followed by ophthalmic clinics.
  • Attributed to growing patient pool for retinal diseases, especially due to premature births, contributed to the dominance of North America in the lacrimal duct stent tube market.
  • Increasing awareness for availability of the treatment for nasolacrimal duct stent obstruction among caregivers of prematurely born babies and increasing number of skilled professionals are expected to drive growth of the lacrimal duct stent tube market in East Asia.

Manufacturers Emphasizing Advanced Product Development

Numerous organizations are focusing on new product development for lacrimal duct stent tube. In June 2019, FCI Ophthalmic offered a complete line of BIKA stents namely, BIKA, BIKA for DCR, and Infant BIKA covering a range of sizes that will benefit most of the congenital nasolacrimal duct obstruction (CNLDO) and dacryocystorhinostomy (DCR) cases.

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Know More About Lacrimal Duct Stent Tube Market Report

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 segment from 2014 to 2029. The global lacrimal duct stent tube market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readerThe study provides compelling insights on lacrimal duct stent tube market on basis of product type (monocanalicular lacrimal duct stent tube, bicanalicular lacrimal duct stent tube), and end user (hospitals, ophthalmic clinics, ambulatory surgical centers), across seven major regions.

 

Urinary Tract Infection Testing Market Size, Trends, Scope & Challenges To 2029

Urinary tract infection is one of the most common bacterial infection affecting almost 150 million people worldwide. Urinary tract infection mostly occurs in urinary tract which is caused by bacteria, viruses and fungi. Some of the bacteria that cause urinary tract infection such as Escherichia coli, Klebsiella species, Pseudomonas aeruginosa, Proteus species and Enterococcus species. According to Center for Disease Control and Prevention urinary tract infection surveillance report 2018, an estimate of 93,300 morbidity cases were observed in acute care hospitals. Recurrent urinary tract infection is a major health issue in females across the globe. According to European Association of Urology, there is an increase in bacterial resistance to antibiotics in the region which leads to more research and development for novel therapeutics. With latest upcoming techniques, urinary tract infection testing market will fuel the growth of the market

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Urinary Tract Infection Testing: Market Dynamics

Urinary tract infection is expected to register significant growth in the market owing to rising prevalence of urinary tract infection globally. Increasing geriatric population is a another factor that is expected to boost the demand for urinary tract infection testing as the elderly population is at the high risk of contracting the same. Moreover, patients that use urinary catheters are more likely to contract complicated urinary tract infection. This adds on another factor that will spur the growth of the urinary tract infection testing market. Apart from this, manufacturers are currently focus on developing new imaging techniques for urinary tract infection testing which may drive the growth of the urinary tract infection testing market. However, stringent and complex regulatory approvals for new launch of equipment and lack of government funding for research and development in developing countries may restrain the growth of the market.

Urinary Tract Infection Testing Market: Overview

There has been an increase in the number of urinary tract infection patients across the globe. Urinary tract infection contributes to the second-largest patient pool in the world. Increasing prevalence and demand for better treatment option is likely to foster the growth of the market. Launch of new testing kits and devices will accelerate the growth of the urinary infection testing market. For instance, in June 2019, MiDOG, LLC announced the launch of new collection of urine kit and test for the diagnosis of fungal and bacterial pathogens in urinary tract infections of canine. With the launch of new technologies and increase in number of urinary tract infection testing kits and devices players, the urinary tract infection testing will spur the growth of the market.

Urinary Tract Infection Testing: Region-wise Outlook

On the basis of geography, the global urinary tract infection testing market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan and Middle East & Africa. North America is expected to anticipate substantial revenue generation in urinary tract infection testing market owing to advancement in research and development, increased in launch of new urinary tract infection testing devices and instruments. Europe also share significant revenue generation in urinary tract infection testing market owing to increase in adoption of new technologies and improved healthcare infrastructure. Asia Pacific has significant potential in stimulating the growth of the urinary tract infection testing market due to increasing prevalence of urinary tract infection and rising awareness about various bacterial infection. Middle East and Africa has less impact in urinary tract infection testing market due to poor healthcare infrastructure and less availability of diagnostic procedures which may hinder the growth of the urinary tract infection testing market.

Urinary Tract Infection Testing Market: Key Players

Some of the key players present across the value chain of the global urinary tract infection testing market are Laboratory Corporation of America Holdings, Stryker, PENTAX Medical, Seimens Healthineers, Sysmex Corporation, Cardinal Health, Roche Diagnostics, Arkray Inc, Alere Inc., Streck, Quidel Corporation, Beckman Coulter, Bio-Rad Laboratories, DIRUI, ACON Laboratories, URIT Medical Electronic Ltd.

The report covers exhaustive analysis on:

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

The 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 Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. 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, macroeconomic 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.

Urinary Tract Infection Testing Market: Segmentation

The global urinary tract infection testing market is segmented by test types and end user

Urinary Tract Infection Segmentation by Test

  • Laboratory Test
  • Urinalysis urinary tract infection testing
  • Urine culture urinary tract infection testing
  • Susceptibility urinary tract infection testing
  • Non-laboratory Test
  • Kidney and bladder ultrasound urinary tract infection testing
  • Nuclear scans urinary tract infection testing
  • Cystoscopy urinary tract infection testing
  • Voiding cystourethrogram (VCUG) urinary tract infection testing

Urinary Tract Infection Segmentation by End User

  • Hospitals
  • Diagnostics Laboratories
  • Research Institutes
  • Others

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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

 

At-Home Vaginal pH Test Kit Market 2021 Key Players, SWOT Analysis, Key Indicators, Forecast To 2028

At-Home Vaginal pH Test kits are used to measure the pH of the vaginal secretion. At-Home Vaginal pH Test is a qualitative test to find out the unbalanced pH level of the vaginal secretion. At-Home Vaginal pH Test is performed in case of unusual vaginal symptoms such as unpleasant odor, burning, itching or unusual discharge.

At-Home Vaginal pH Test is useful to decide whether the patient suffering from unusual vaginal symptoms. However, the at-home vaginal pH test will not help for the diagnosis of group B streptococcus HIV, gonorrhea, herpes, syphilis, or chlamydia.

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At-Home Vaginal pH Test Kit: Drivers and Restraints

At-Home Vaginal pH Test allows the early detection of vaginal infections. A normal vaginal pH is between 3.8 and 4.5. If the vaginal pH is detected using at-home vaginal pH test kits is 5.0 or more indicates the presence of either trichomoniasis or bacterial vaginosis. On the other hand, the lower pH than 3.5 indicates the presence of yeast infection. Moreover, the at-home vaginal pH test kits are a cost-effective option for the early detection of vaginitis at home without visiting the physician. Moreover, the at-home vaginal pH test kit is also useful to maintain the pH balance of vaginal area, early diagnosis of the disorder related to vaginal flora, to prevent the vaginal infection, the at-home vaginal pH test kit is also useful for greater safety during pregnancy, to monitor the effectiveness of any treatment. These factors and advantages are expected to propel the market of at-home vaginal pH test kits.

However, the results of at-home vaginal pH test kits may not be accurate if the woman has recently had intercourse or if the women are on her period. In most of the cases, the patient should still see a physician or gynecologists to get the most correct diagnosis even after using at-home vaginal pH test. These factors are expected to negatively impact the growth of the at-home vaginal pH test kits market.

At-Home Vaginal pH Test Kit Market: Overview

Global At-Home Vaginal pH Test Kit Market has witnessed growth due to rising awareness feminine hygiene and rising incidence of vaginitis.

At-Home Vaginal pH Test Kit Market: Region-wise Outlook

Geography wise, At-Home Vaginal pH Test Kit Market is divided into eight regions such as North-America, Asia- Pacific excluding China & Japan, China, Japan, Western Europe, Eastern Europe, Latin America and Middle-East & Africa. North America’s At-Home Vaginal pH Test Kit Market is expanding because of high adoption rate and it will remain dominant over the period of forecast due to rising incidence of vaginitis and rising awareness for feminine hygiene.

At-Home Vaginal pH Test Kit Market: Key Market Participants

Some of the market participants in the Global At-Home Vaginal pH Test kit market identified across the value chain include: Hometest, Bayer AG, Prestige Consumer Healthcare, Inc., GRÜNSPECHT Naturprodukte GmbH, Vagisil, Dream Future Innovation.

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

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.

At-Home Vaginal pH Test Kit Market: Segmentation

To gain a comprehensive and better understanding of the future market equity, the market report is segmented based on the distribution channel and region.

On the basis of distribution channel, At-Home Vaginal pH Test Kit Market can be segmented as:

  • Retail Pharmacy
  • Hospital Pharmacy
  • Online Pharmacy
  • Fertilization Centers

On the basis of geography, At-Home Vaginal pH Test Kit Market can be segmented as:

  • North- America
  • Eastern Europe
  • Western Europe
  • Asia-Pacific excluding China & Japan
  • China
  • Japan
  • Middle East and Africa
  • Latin America

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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

 

Insulated Coolers Market Will Surpass The Value Of US$ 580 Mn In 2019 And Would Be Witnessing A Robust Hike In Demand Through 2029

Accounting for nearly 80% of total sales of insulated coolers, developed regional markets continue to lead their way in the global insulated coolers market. North America will particularly remain the key consumer market, as the U.S. has been witnessing a rapid surge outdoor recreational and sports activities over the recent past. Sales of insulated coolers, popularly known as camping coolers, will surpass the value of US$ 580 Mn in 2019 and would be witnessing a robust hike in demand through 2029.

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Increasing proclivity for luxury products continues to translate into inflating sales within the premium category, which would be a continuing trend in insulated coolers market. However, a new Future Market Insights (FMI) study suggests that this would reflect a measurable cost difference shaping the market over the following players.

Key Takeaways – Insulated Coolers Market Study

  • Increasing preference for outdoor and sports activities such as camping, fishing, and hiking are expected boost demand for insulated coolers in the U.S.
  • Hard coolers remain the most preferred insulated coolers, attributable to better durability and high ice retention ability as compared to soft coolers.
  • Globally, 26-75 quart insulated coolers are estimated to be high selling among all insulated coolers in terms of capacity in 2019. Customers opt for 26-75 quart insulated coolers, as result of easy outdoor handling and conveying and adequate storage capacity.

Manufacturers can gain significant profits by focusing on hard insulated coolers with side handles, as consumers seek durability and ease in carrying while purchasing insulated coolers.

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Acquisitions to Remain Key Developmental Strategy

The insulated coolers market is undergoing product development and expansion. Key players aim to introduce new designs of insulated coolers in the market in response to changing consumer preferences. Additionally, big companies offering insulated coolers are focusing on opening retail stores to expand their customer base.

  • In June 2019, Yeti Holdings Inc. opened a 5,000-square-foot retail location in Charleston, S.C., U.S. In September 2019, it opened a 4,900 square-foot store in Chicago, U.S.
  • In April 2019, Igloo Products Corporation launched RECOOLER, a pulp-based biodegradable cooler, as an alternative to Styrofoam coolers.

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US Brands Become Trendsetters, with Online Sales Strategy

The U.S., home of high-end insulated cooler manufacturers, is estimated to dominate in terms of demand. Moreover, U.S.-based manufacturers will be the trend setters with regard to insulated cooler design. Leading companies in the insulated coolers market are investing in online stores and supply chain development, and are leveraging E-commerce and social media to shape buying patterns of their potential customers.

Paper Tapes Market Is Expected To Grow At 6.4% CAGR Between 2020 And 2030

Masking and packaging applications of paper tapes are highly sought after across diverse industries. According to a new study by Future Market Insights (FMI), rising demand from healthcare, automobile industries, furniture manufacturing, electronics, and other industries is driving the paper tapes market.

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Some of the leading brands are introducing new features that showcase increased heat and water resistance properties in tapes. Such improvements are helping in overall expansion of the market. The increasing focus on sustainable and advanced packaging solutions has been creating growth opportunities for paper tapes made from natural materials.

FMI’s report on the paper tapes market offers comprehensive overview, covering growth drivers and restraints. Some of the key takeaways from the report are highlighted below.

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Key Takeaways from the Paper Tapes Market Report

  • The paper tapes market is expected to grow at 6.4% CAGR between 2020 and 2030
  • Rubber based adhesive tapes are finding increasing applications across diverse industries due their low price and better adhesion
  • Masking tapes will remain a highly sought-after product within the market
  • Demand for paper tapes for packaging will continue to rise through the forecast period
  • Sales of paper tapes in building and construction industry will continue to rise

“Paper tapes are considered viable packaging solutions, especially because of their recyclability. They are one-time use products. So when no longer useful, these tapes can be recycled into eco-friendly products. They are usually sold fast and are considered great investment by manufacturers seeking to fulfil packaging needs of consumers” said an FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic has affected almost all sectors due to which demand for paper tapes has reduced significantly. The lack of goods transportation due to lockdown has decreased the need for paper tapes. Inadequate supply of raw materials too has affected the production. This is expected to cause decline in prices for paper tapes.

While industries such as automotive, packaging, and retail are likely to recover soon from their temporary period of lull, recovery in sectors such as building and construction is likely to be comparatively slower. This might hamper the overall growth of the market to an extent.

Who Is Winning?

The paper tapes market is fragmented with Tier 1 companies accounting for about 40-45% of the overall market. Market players are likely to focus on deriving material from renewable sources to make their products more appealing to consumers. Some of the key players in the market are Intertape Polymer Group Inc., Berry Global Inc., Advance Tapes International, Pro Tapes & Specialities Inc., PPI Adhesive Products, Specialty Tapes Industry, Shurtape Technologies LLC, Atlas Tapes S.A., PPM Industries S.P.A. and Can-Do National Tape.

Global Driving Protection Gear Market Is Set To Enjoy A Valuation Of US$ 7.7 Bn In 2022, And Is Predicted To Expand At A Healthy CAGR Of 5.5% To Reach US$ 10.5 Bn By 2029

The global sales of driving protection gears roughly equate revenues worth US$ 7.7 Bn, and would remain concentrated in helmets. Prominently driven by the surge in motorcycle sales and increasing driver consciousness about on-road safety, global driving protection gear market will observe a moderate CAGR during 2022 – 2029. While the World Health Organization (WHO) suggests that the correct helmet usage can lead to 42% reduction in fatal injuries and 69% reduction in head injuries, the subsequent amendments in road safety framework and traffic rules contribute a lion’s share to driving protection gear sales. This new study of Future Market Insights (FMI) tracks the growth of global driving protection gear market over the course of following decade.

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Key Takeaways – Global Driving Protection Gear Market

  • Europe is expected to lead the global driving protection gear market owing to increasing number of electric mopeds, and higher concentration of high performance motorcycles such as BMW (Germany), Ducati (Italy), Triumph (U.K.), Energican (Italy) etc.
  • Helmets account for around a third of the total market value owing to higher adoption rate among two wheeler drivers.
  • Gloves and armor would also represent significant market shares throughout the projection period.
  • An upsurge in consumer spending was seen in the segment of men within the global driving protection gear market. As per Statistics for American motorcycle riders, female motorcycle owners accounted for a mere 19%, as opposed to male consumers, in 2021.
  • While offline sales channel will continue to underpin a majority of sales in the driving protection gear market during the forecast period, online sales channels would see a prolific rise with a higher CAGR in driving protection gear. Preferential shift of consumers towards online platforms are primarily driven by wide product availability and competitive vendor prices.

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Technological innovation is gearing the market for safer products. Fluid ads, multi-directional impact protection system (MIPS) are just some of the few helmet technologies that would change the landscape of driving protection gear market. Lighter weight, safer technology, and smarter helmets should be the key focal points of manufacturers in the coming years.

Increasing Demand for Premium Helmets across Asia Pacific

Premium helmets in driving protection gear category are expensive, featured helmets with in-built advanced technologies. Across Asia Pacific, with a rise in the sales of premium superbikes, there is an increasing trend among consumers to buy brand specific driving protection gear. Brand consciousness has propelled the premium product market forward. Consumers are preferring good quality premium helmets and other driving protection gear.

  • For example, in 2021, a Japanese startup Crosshelmet launched its smart helmet (Crosshelmet X1) with premium features such as head up display, rear view camera, touch panel etc.
  • Technological advancement in helmets such as Bluetooth connectivity, integrated camera, and in-built navigation are some of the factors that significantly push the driving protection gear market.

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Competition Analysis

The global driving protection gear market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on product development. Some of the key players are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, and EVS Sports.

  • In December 2018, Dainese S.P.A launched a new AGV AX9 helmet in North America. The company had introduced cheek pads into helmets to protect the face from accidents.
  • Dainese S.p.A also integrated anti-bacterial fabric protection along with a removable and washable option to make the helmet safer as compared to its earlier version AX8.
  • In 2018, the company Crosshelmet had launched a smart helmet named ‘Cross helmet X1’ with integrated head up display, sound control, rear view camera, safety light, touch panel, smartphone connectivity etc.

Premium A2P And P2A Messaging Solutions Will Surpass Revenues Worth US$ 75 Bn In 2020 And Would Observe An Attractive 5% CAGR Through 2029

Advancements in mobile authenticator services and SMS campaigns provide a strong impetus to the use of premium application-to-person and person-to-application (A2P and P2A) messaging solutions at a global level. A new Future Market Insights (FMI) study suggests that the market for premium A2P and P2A messaging solutions will surpass revenues worth US$ 75 Bn in 2020 and would observe an attractive 5% CAGR through 2029.

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SMS is gaining traction as a key medium for dissemination of content and information, access to services, security, monitoring, and verification. SMS is expected to continue dominating messaging technologies in the foreseeable future, attributable to its omnipresent, reliable, and stable nature. A variety of innovative apps that use A2P SMS as a medium for value-added services (VAS) communications are emerging, providing feature phone users with an app-like interface and a more vibrant range of services.

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Ascending need for secure and reliable messaging in an A2P context is attributable to the necessity to protect large amounts of sensitive data sent across SMS. Solution providers in the premium A2P and P2A messaging market must focus on ensuring that their services are reliable and least prone to data leakages to gain an edge over competitors.

Key Takeaways – Premium A2P and P2A Messaging Market Study

  • Premium A2P SMS is the most reliable bridge between a unique number (offline) and the digital world. The billing relationship is also a crucial cog in this bridge, as it allows online services to be more easily monetized through carrier billing.
  • Premium A2P and P2A messaging remains the most ubiquitous platform, enabling marketers to reach the widest audience, which is anticipated to boost growth of the premium A2P and P2A messaging market during the forecast period.
  • Majority of banks use SMS for creating awareness regarding their service and to confirm transactions through two factor authentication. A2P SMS is already a vital tool in the mobile financial market.
  • Cloud API messaging platforms will continue to hold the lion’s share of around 80% in global premium A2P and P2A messaging market during the forecast period.
  • Among all applications, authentication services will register a significant CAGR in the global premium A2P and P2A messaging market.

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Increasing Demand for Premium A2P and P2A Messaging for OTT Applications and Social Media SMS

Demand for premium A2P and P2A messaging is rising from almost every end-use industry. Online interactions are expected to significantly increase the demand for premium A2P and P2A messaging solutions. Social networking services like Twitter and Facebook are expected to rely on both SMS and IP channels. Although IP channels are used extensively for social messaging, SMS is anticipated to play a much greater role in social messaging services. SMS’s interoperable, omnipresent, and secure nature makes it the perfect platform to deliver notifications of social messages and transactional communication activities. Google has a range of services such as Gmail SMS, Google Voice SMS, Calendar SMS, and Bloggers, powered by premium A2P and P2A messaging solutions.

Hard Disk Drives Accounted For Revenues Worth Over US$ 32.5 Bn, And Are Expected To Exhibit 10.4% CAGR Over The Forecast Period, 2019-2029

Global hard disk drive (HDD) sales surpassed revenues worth US$ 30 Bn in 2018. With multiplying data volumes encouraging enterprises to procure upgraded data storage technologies, the hard disk drive market is set for steady growth during the next decade. HDD manufacturers launch upgraded hard disk drive storage capacity formats at intervals of every two to three years. This would be a continuing trend in the global hard disk drive market over the forecast period (2019 – 2029), suggests a new Future Market Insights (FMI) report.

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As data storage capacities of hard disk drives continue to increase, leading manufacturers such as Toshiba are frequently rolling out hard disk drive storage technology upgrades. Consequently, magnetic storage remains highly preferred option for long-term high-capacity data backup and archiving, which would further push hard disk drive sales.

Key Takeaways – Hard Disk Drive Market Study

  • Network-attached Storage (NAS) hard disk drives that currently hold a market share of over 2/5th, would remain top selling in the global market for HDD. With the highest estimated incremental opportunity to be attained through 2029, NAS HDDs will continue to see double-digit growth over the period of projection.
  • Sales of hard disk drives with storage capacities of up to 1 TB and above will collectively account for three-fourth of total HDD sales. Low storage capacity, though relatively less preferred, continues to witness sustained traction.
  • USB port hard disk drives that currently make up for over a third of total sales will see steady adoption in the near future. Whereas, plug-in power sources of HDDs are set to gain popularity.
  • Geographic expansion and collaborations with other hard disk drive providers would be the preferred developmental strategies of key players in HDD market.

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By the end of 2020, hard disk drives are expected to complement almost all storage capacity requirements for cloud computing applications – with some of this data likely to be stored in magnetic tapes. Manufacturers and suppliers can gain profits by offering their hard disk drive storage solutions and services to developing countries in Latin America, Northern Africa, and the Middle East owing to ever-increasing Big Data volume, automation, cyber threats, demand for reduced downtime, and adoption of long-term data archival solutions.

Owing to persistent ransomware attacks on networks of various organizations, customers have started procuring efficient magnetic storage technologies. Presence of an air gap acts as a security measure that isolates hard disk drives and prevents them from establishing external network connections. This prevents the information stored on these tapes from falling prey to cyber-attacks, as they are not connected to the enterprise network, at least when switched off. Hard disk drive storage technology also trumps cloud infrastructure in this condition. Offline functionality of hard disk drive storage technology will thus bolster growth of the global hard disk drive market during the forecast period.

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Insufficient Storage Capacities Continue to Limit Market Growth

Manufacturers in the hard disk drive market are focusing on enhancing data storage capacities to efficiently cater to massive digital data volumes. The relatively low availability of digital storage capacities will however continue to create a sizeable digital gap throughout the forecast period. The insatiable demand for enhanced data storage capacities in hard disk drives would thus restrict the market growth to a large extent in the near future.

Global Mini Crane Market Is Expected To Expand At A CAGR Of 6.0% During The Forecast Period From 2021 To 2031

The growing demand compact cranes in various industries such as steel industry, oil & gas, automotive sector, construction, and others is anticipated to drive the mini crane market. Application in glass glazing activities will create growth opportunities. According to a study by Future Market Insights, the global mini crane market is expected to expand at a CAGR of 6.0% during the forecast period from 2021 to 2031.

Among various types of mini cranes sold, spider cranes will remain highly sought-after. Their application is forecast to increase in various industries due to their compact size and impressive maneuverability. Construction sector is anticipated to remain one of the key end users.  Nearly 65% of mini cranes sold in 2021, will concentrate in this sector.

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Mini cranes are considered ideal solutions for carrying materials during residential construction. It is their specialty to easily access edge of cliffs while navigating through courtyards, which bigger cranes cannot do. Within plants and factories, mini cranes are used for material lifting in places where bigger cranes cannot enter.

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes than directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With expansion of industries forecast to continue, despite hitting a roadblock amid pandemic outbreak, sales of mini cranes are expected to surge in the near future.

Key Takeaways of Global Mini Crane Market Study

  • Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
  • Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
  • Recovering industrial activities is favoring sales in the U.K., which will account for over one-fourth sales in Europe
  • Germany and France will emerge as other key markets for sale within Europe
  • Presence of some of the leading companies will seal Japan’s dominance in East Asia

“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. Implementation of connected technologies is one such example that facilitated remote access and monitor. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

Demand from various end-use sectors is projected to boost the mini crane sales. Japan, the U.K., and the U.S. are anticipated to remain some of the most lucrative markets around the world. In the coming years, demand is poised to surge as application in disaster management and electrical material handling increases.

However, owing to the pandemic impact in the year 2020, mini crane market witnessed a significant drop in sales due to disruption in the supply chain and decrease in demand. Nonetheless, with industrial activities recovering, albeit gradually, mini cranes sales will surge in response.

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Competitive Landscape

Key Players are focusing on research and development activities to introduce new and innovative products and technologies. Some of the leading companies strategically partnering with regional dealers to expand their footprint in the market.  Besides this, product launches remain a chief strategy adopted by the market players to gain competitive edge. For instance:

  • In September 2020, Palazzani Industrie, an Italian manufacturer, best known for their aerial work platforms, launched a wide range of mini crawler cranes with the RPG2900 as their first machine model.
  • In August 2020, Jekko, also an Italian mini crane manufacturer, launched a versatile, medium-sized mini crane – SPX650.

List of some of the key companies operating in the market includes:

Application across Diverse Sectors Fuelling Demand

The increasing demand for mini cranes from several end-use industries, including construction, steel industry, oil & gas, and power generation among others is expected to drive the market. Dozens of businesses rely on mini cranes to perform heavy lifts in small and hard-to-get-to spaces. Their compact dimensions make them easy to function and move. As a result, they can often replace the need for much bigger cranes. Mini crawler cranes are often used in activities such as steel erection, glazing works, curtain wall installation, and others.

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By Segment:

By Lifting Capacity

  • Up to 1 ton
  • 1 to 1.8 ton
  • 2 to 2.4 ton
  • 2.5 to 4.9 ton
  • 5 to 10 ton
  • 11 to 22 ton

By Type

  • Spider Crane
  • Crawler Crane
    • Articulated
    • Telescopic
  • Pick and Carry Cranes

By Operation

  • Fuel Operated
  • Battery Operated

By End Use Sector

  • Industrial
    • Foundries
    • Power Plants
    • Others
  • Railway Depots
  • Construction
    • Residential & Commercial
    • Industrial
    • Civic Infrastructure
  • Facility Management
    • Commercial
    • Industrial
  • Marine
  • Timber & Lumber
  • Material Handling & Logistics

By Ownership

  • Direct Owned
  • Rented

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA