Tape Dispenser Market to register 3.8% value CAGR And East Asia to generate incremental $ opportunity worth US$ 690.3 Million from 2021-2030

ESOMAR-certified market research company Future Market Insights (FMI) recently published its tape dispensers market report, bringing to fore key insights influencing future growth prospects from 2020-2030.

According to FMI’s analysis, the tape dispenser market is largely dependent upon the e-commerce and logistics industries. Surging volumes of online sales of essential and non-essential products has augmented the need for efficient packaging solutions, generating opportunities for tap dispenser manufacturers.

The market is being penetrated by smart technologies, owing to the need for efficient and precise packaging solutions. Amid COVID-19, the landscape is slated to register a downturn of -0.2% in 2020, after which growth will pick up pace.

Key Takeaways

  • Automatic tape dispensers to grow rapidly at 4.1% CAGR, manual dispensers to maintain lucrativeness
  • Table top dispensers to capture more than 50% revenue share throughout 2020
  • Increasing demand for online food delivery to stimulate market to greater heights
  • East Asia to generate incremental $ opportunity worth US$ 690.3 Mn from 2020-2030
  • Global tape dispenser market to register 3.8% value CAGR

“High demand for precision-based packaging solutions is prompting vendors to incorporate technological enhancements such as AI to offer quality solutions to prominent end-users,” remarks the FMI analyst.

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COVID-19 Impact Insights

The COVID-19 pandemic has had varied impacts on the global tape dispenser market. A majority of the impact is dependent on the status of allied industries- more specifically logistics and e-commerce. As the epidemic spread, governments worldwide imposed strict lockdowns, hampering industrial operations and ushering a recession akin to 2008.

Being the epicentre of the pandemic, China experienced major shortfalls in its logistics industry. Cargo was backlogged at major Chinese ports as travel restrictions led to a shortage of truck drivers to pick up containers. Ultimately, this ushered in a downturn in the regional tape dispenser market.

Border restrictions in Europe led to several bottlenecks, such as 37-mile long truck queues on the A4 Highway between Poland and Germany. Likewise, in India, truck driver shortages led to over 50,000 containers piling up at key ports such as Chennai, Kattupalli and Kamajarar.

However, as the intensity declined, restrictions on freight movement lifted, thus offsetting the recessionary impact brought about in the initial stages. Demand for logistics and e-commerce depended highly on sustained supplies of essential products. Consequently, the need for robust packaging solutions augmented demand for tape dispensers, keeping it afloat.

Competitive Landscape

The tape dispenser market is highly competitive, with Tier 3 players capturing nearly 3/4th of the revenue share. Some prominent players in the market include 3M Company, Intertape Polymer Group and Tesa SE among others.

3M Company markets the Scotch® and TartanTM Manual Tape Dispensers. These dispensers are hand-held and come in the HR80, H150 and HR933 versions. These manual devices offer a host of benefits, such as a lightweight and versatile pistol-grip, pressure bars to reduce noise and retractable blades.

Players are also concentrating on expanding existing manufacturing facilities. For instance, Tesa SE announced the commission of a brand-new manufacturing plant in Vietnam in May 2020. With this initiative, the company intends to deepen its penetration within the Asian markets.

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Key Segments

Product Type

  • Hand Held
  • Table Top
  • Definite Length Dispenser
  • Stretchable Tape Dispenser

Technology

  • Automatic
  • Manual

End Use

  • Office & Commercial
  • Industrial

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Region

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

Peripheral Embolization Device Market: Notable Developments & Geographical Outlook

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

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Peripheral Embolization Device Market: Drivers and Restraints

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

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

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Peripheral Embolization Device Market: Region – wise Outlook

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

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

Peripheral Embolization Device Market: Key Players

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

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

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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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.

Kids Sports Injury Treatment Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The number of kids taking part in sports activities has been increasing rapidly over the last few years which is resulting in a significant rise in the sport injury incidences. Even though there are various advanatges of active participation in sports, such as physical fitness, building up of self-confidence and learning to work in a team, there is always a risk of sports-related injuries.

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

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Kids Sports Injury TreatmentMarket: Drivers and Restraints

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

Kids Sports Injury Treatment Market: Overview

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

Kids Sports Injury Treatment Market: Region-wise Outlook

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

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Kids Sports Injury Treatment Market: Key Players

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

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

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

Metal Containers Market is projected to rise at 6% CAGR And value to reach US$ 198,377.8 Million by the end of 2030

[205 Pages Report] The Metal Containers Market is projected to rise at 6% CAGR during the forecast period. FMI further foresees the market value to reach US$ 198,377.8 Mn by the end of 2030

There has been an increasing demand for metal containers due to the awareness regarding the importance of sanitary packaging in the food and beverages industry. Initially used only to pack canned foods, more outlets have begun using metal containers for packaging fresh foods due to their high barrier protection and ecofriendly conditions.

According to Future Market Insights (FMI), during the forecast period of 2020-2030, the market for metal containers is expected to grow at a CAGR of 6%. With increasing cautiousness in regards to sanitation, customers prefer metal packaging as they are airtight and eliminate the risk of tampering.

Food and beverages packed using metal containers last longer and the containers are recyclable, which makes it a profitable option in the long run. Using metal containers gets rid of the need for an additional packaging because the containers are strong and durable.

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KEY TAKEAWAYS
  • The metal containers market is expected to grow at 6% CAGR from 2020-2030
  • The market is projected to reach a valuation of $10 billion by the end of 2020
  • Among product types, the intermediate bulk containers segment is projected to account for over half of the market share by the end of the forecast period

Though a decrease in market is projected in 2020-2021 due to the pandemic, rapid growth is predicted 2022 onwards.

Regarding the metal containers market, an FMI analyst said, “Many industries are taking on the Green initiative, which benefits both the environment and the society. Metal containers are beneficial for the environment because of their reusable design. For instance, when a metal container is no longer useful, it can be easily recycled and turned into another metal container. They are a great investment to have for any heavy duty storage needs and can generally be sold fast.”

COVID-19 IMPACT ANALYSIS

The ongoing pandemic has negatively affected a lot of different sectors including the metal containers market. The decline in business of end-use industries has affected the demand and production of metal containers. The market is expected to see a downward drop during the 2020-2021 period but is projected to get back on track from 2022 onwards.

The need for well packaged items in the food and pharmaceutical industries has increased demand for metal containers. With people’s lifestyle changing to a more health and safety cautious one, the need for minimum error packages is high and will benefit the metal containers market.

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Who Is Winning?

Some of the leading players in the metal containers industry are Ball Corporation, CCL Industries Inc., CPMC Holdings Ltd., Crown Holdings Inc., Mauser Packaging Solutions, Montebello Packaging Inc., HUBER Packaging Group GmbH and Great Western Containers Inc.

South and East Asia are expected to amass larger shares in the market. Increasing popularity of aluminum and tin packaging will be beneficial to the market economy. The market in Middle East and Africa is expected to grow due to the increasing use of metal containers in the chemical industry.

Metal containers Market Segmentation

By Product Type

  • Cans
  • Drums
  • Aerosol Cans
  • Pails
  • Intermediate Bulk Containers
  • Others

By Material Type

  • Steel
  • Aluminium
  • Tin

By End Use

  • Food and Beverage Industry
  • Chemicals
  • Automotive
  • Pharmaceutical & Healthcare
  • Cosmetics & Personal Care
  • Building & Construction
  • Other End Use

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By Regional Outlook

  • North America – U.S., Canada
  • Latin America – Brazil, Mexico, Argentina and rest of Latin America
  • Europe – Germany, France, Italy, UK, Spain, BENELUX, Nordic, Poland, Russia, and rest of Europe
  • South Asia – India, Thailand, Indonesia, Malaysia and rest of South Asia
  • East Asia – China, Japan, South Korea
  • Middle East & Africa – GCC counties, Northern Africa, South Africa, Turkey and the rest of Middle East And Africa
  • Oceania – Australia, New Zealand

Knee Replacement Market Competitive Growth Strategies Based on Type, Applications, End User and Region

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

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

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

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

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

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

Knee Replacement Market: Drivers & Restraints

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

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

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Knee Replacement Market : Region-wise Outlook

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

The developing regions such as India and China are projected to be potentially growing in global knee replacement market with reference to the increasing demand for knee implant products holding the fact that these  procedures and devices, that were considered unaffordable about a decade ago, are within financial reach of India’s and China’s growing middle classes.

Plant-Based Fish Market is expected to grow by 28.0% CAGR during the forecast period from the year 2021 to 2030

The rising demand for vegetarian or flexitarian diet coupled with the increasing concerns regarding the environment is driving the plant-based fish market.

According to Future Market Insights (FMI), the global plant-based fish market is anticipated to rise at 28.0% CAGR during the forecast period from the year 2020 to 2030.

As the manufacturing industry has become more advanced providing larger shelf-lives to plant-based fish products suitable for prolonged consumption, the global plant-based fish market growth is accelerating steadily.

Due to the increase in vegan population across the world, the demand for plant-based protein sources is skyrocketing. Besides this, the well-developed healthcare and fitness centers are catering to the further market expansion during the current years.

Rising prevalence of food sensitivities such as sea-food allergies, lactose intolerance, and others are making more people inclined to the plant-based fish products to meet their requirements.

Though COVID-19 outbreak has restricted overall growth of the market to an extent, it is likely to recover especially with people moving away from meat consumption to healthier plant based alternatives, including plant-based fish.

FMI offers an exhaustive overview of the global market. It covers various growth drivers and restraints.

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Some of the key takeaways from the report are highlighted below-

  • The ‘new normal’ of going vegan is aiding in the rapid expansion of plant-based fish market growth rapidly
  • Europe currently dominates the plant based fish market. In the coming years East Asia too will emerge as an attractive market
  • Burger patty is most popular among product segments. With leading food chains launching plant based fish burgers in their menu, growth witnessed in the segment is likely to accelerate
  • Demand for soy based fish products will surge considerably in coming years especially with consumers seeking out alternative for meat protein
  • Sales through hypermarkets will remain high, although online channels too will witness a proliferation of brands selling plant based fish products

 “Rapidly increasing demand for sea-food alternatives are propelling the global plant-based fish market growth substantially. Furthermore, increased environmental concerns and significant rise in vegan population is boosting the market demand worldwide,” says an FMI analyst.

Key Companies Profiled

  • Gardein by Conagra Brands
  • MorningStar Farms
  • Archer Daniels Midland Company
  • Symrise
  • Roquette Frères S.A.
  • Kellogg’s
  • Tyson Foods, Inc.
  • Sotexpro SA
  • Crown Soya Protein Group
  • Puris Proteins, LLC
  • Ingredion GmbH
  • Glanbia plc
  • Fuji Oil Co., Ltd.

COVID-19 Impact Analysis

Due to the recent COVID-19 pandemic, the global plant-based fish market has faced several hurdles such as closing down of manufacturing units during the lock down period, decreased manpower, scarcity of raw materials and ingredients, affected logistics sectors, and others.

As a result the global plant-based fish market has been impacted heavily. End users such as vegan restaurants, food supply chain, and others have been non-operational for quite a long time in this year, as a result of which the market growth has slowed down.

In the upside, the novel coronavirus outbreak has made people more conscious about their health resulting increased inclination towards healthy food supplements including proteins which has worked in the favor of plant-based fish market.

According to FMI, the global plant-based fish market is expected to gain back its position by the first quarter of 2021, paving new paths to the key market players.

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Who is Winning

As the global plant-based fish market growth is accelerating rapidly, the key market players such as Gardein by Conagra Brands, MorningStar Farms, Symrise, Beneo GmbH, Crown Soya Protein Group, and others are approaching strategic ways along with heavy investment to leverage the market potential.

For instance, Crown Soya Protein Group has launched their textured soya protein soytex which can be used in diverse range of applications such as minced fish fillings, burgers, fishballs, patties, sausages, and others.

Symrise has brought their sustainable and authentic range of plant-based proteins such as taste solutions for typically meaty to aromatic veggie taste solutions, customized plant-based fish solutions for flexitarians, and others to target broad range of end users.

Gardein by Conagra brands has come up with their extensive range of plant-based fish products such as soups, noodles, and others which are produced from 100% vegan ingredients. As the global plant-based fish market is forecast to grow further, the key market players are expected to witness tough competition during the forecast period.

Key Segments

Product Type

  • Burger Patty
  • Fillets
  • Crumbles & Grounds
  • Chunks & Tips
  • Shreds
  • Cutlet
  • Strips
  • Tenders & Fingers
  • Meatballs

Source

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava Bean-based Protein
  • Potato-based Protein
  • Rice-based Protein
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

Distribution Channel

  • Hypermarket/Supermarkets
  • Convenience Stores
  • Specialty Food Stores
  • Online Retail
  • HoReCa (Food Service Sector)

Fish Type

  • Tuna
  • Crab
  • Shrimp

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Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

Cataract Surgery Devices Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Cataract Surgery is the removal of the eye’s clouded natural lens, and replacing it with an artificial lens that helps restore vision to the eye. Without removing the cataract surgically, most patients with cataracts suffered with the blurred vision, if not complete blindness. Surgically removing the cataract is the only way to restore vision and see the world clearly once again. The cataract operation is normally an outpatient procedure, and most patients are discharged immediately after the cataract surgery.

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Cataracts are the most common worldwide cause of impaired vision and are a particular problem in developing countries, where they commonly lead to blindness. According to National Institute of Eye. The risk of cataract increase with each decade of life starting around age of 40. By age 75, half of Americans have cataract. By age 80, 70 percent of American population have cataract.

Cataract Surgery Devices Market: Drivers and Restraints

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

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

Cataract Surgery Devices Market: Overview 

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

Cataract Surgery Devices Market: Region-wise Outlook

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

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

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Cataract Surgery Devices Market: Key Players

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

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

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

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

AI-Enabled Testing Tools Market 2021 Future Trends, Opportunities, Strategies to Boost Growth, Applications with Covid-19 Impact till 2030

According to a latest report by Future Market Insights (FMI), global AI-enabled testing tools market revenues will grow at over 13% CAGR through 2030.

Telecom firms are leveraging the potential of AI to manage and assess large volumes of big data in an effort to draw actionable insights and offer better customer experience (CX), enhance operations, and boost revenue with better quality products and services.

With FMI projecting that 20.4 billion connected devices will be in use globally by 2020, more communication service providers (CSP) are unleashing the power of AI-enabled maintenance and testing tools in telecom industry.

AI-enabled Testing Tools Market: Key Takeaways

  • Deployment of AI-enabled testing tools will rise at about 13% CAGR during 2020-2030
  • Adoption of machine learning and pattern recognition for deploying AI-enabled testing tools to remain prominent
  • North America will remain epicenter of value-capture opportunities, given strong presence of technology pioneers
  • Market players to focus on R&D as well as deployment of ML-based multiple agent archetype

“AI has helped telecom companies scale up growth and revenues, in tandem with improving network capacities and allowing faster processing of huge chunks of data. With usage of connected devices skyrocketing, more CSPs are leaping on the bandwagon, identifying the value of AI-enabled testing tools market,” says analyst at FMI.

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COVID-19 Impact on AI-enabled Testing Tools Market

With work from home (WFH) becoming the new normal amid the COIVD-19 pandemic, deployment of enterprise-level information and communication technology (ICT) is climbing.

Telecom operators are subsequently banking on remotely operable solutions and automation enhancement tools in a bid to assure optimal functioning and counter lag in productivity. This, is turn, is fueling adoption of AI-enabled testing tools, particularly in North America, Europe, and Asia Pacific (APAC).

AI will help telecom industry reimagine customer relationships by recognizing contextualized requirements and interacting with customers via hyper-customized one-to-one contacts.

The technology will help set up mobile-network and fixed-line bundles that combine teleconferencing, VPN, and productivity apps. Such bundles will specifically attract commercial customers whose consumption of telecom services has moved from workplaces to homes and from demand in field to fixed-line demand.

AI-enabled Testing Tools Market – Competitive Intelligence

Strategic collaborations and acquisitions have become key priority for established as well as emerging players in AI-enabled testing tools market. These firms are increasingly investing in R&D activities along with their peers to stay ahead of curve. For instance,

  • Perforce Software – enterprise-level development lifecycle software solution provider – has taken over TestCraft Technologies Ltd. in a bid to expand its portfolio with AI-integrated codeless testing solution of the latter that performs autonomous codeless tests and curbs maintenance needs.
  • Appvance.ai – provider of AI-driven testing tools – has entered into collaboration with Innominds – software engineering service provider – with an aim to develop and deploy AI-enabled maintenance and testing tools in telecommunications industry.

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12757

Know More About the Study

A new market research report published by Future Market Insights (FMI) on the global AI-enabled testing tools market offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the AI-enabled testing tools through four different segments – solution, technology, application, and region. The AI-enabled testing tools market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of AI-enabled maintenance and testing tools in telecom and product adoption across several end-use industries.

Die Casting Services Market is expected to reach around US$ 90 Billion, rising at a CAGR of 9.7% between forecast period 2021 and 2030

Growing popularity of aluminium die casting is expected to boost the global die casting services market. According to a recent report published by Future Market Insights (FMI), the market for die casting services is expected to reach around US$ 90 Bn by the end of 2030, rising at a CAGR of 9.7% between forecast period 2020 and 2030.

With more emphasis being given to environmental safety, the exigence for eco-friendly vehicles is increasing. Light weight components are rising in demand in order to adhere to environmental guidelines and regulations to achieve maximum fuel efficiency and minimum emissions. Thus requirement for die castings is expected to rise further in the next decade.

To cater to these needs, light weight metals like aluminium are witnessing a surge in demand within the casting industry. Owing to this, aluminium is now the most sought after metal after steel in the casting markets. The rising popularity of aluminium and other lightweight alloys are giving a positive boost to the die casting market.

Apart from automotive industry where the high quality aluminium is rising in demand, especially for premium automotive manufacturers, other sectors like construction are witnessing a shift from conventional metal steel to aluminium. This shift is seen as a key driver in the die casting market globally.

Furthermore, the technological advancements in the die casting industry are improving die casting capacity in order to offer higher production in short production runs, sophisticated processes and advanced capabilities.

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Key Takeaways

  • East Asia is expected to be the largest market for global die casting services market for the forecast period 2020-2030
  • High pressure die casting is the leading product segment, however gravity die casting services are gaining significant growth
  • Automotive industry holds a dominant place in the global die casting services market
  • Growing concern regarding fuel efficiency and emissions in automotive sector are the major trends influencing the global market
  • South Asia is forecasted to provide significant growth opportunities for the manufacturers during the period 2020-2030

“Die casting services companies are experimenting with novel technologies to aid in the production of more lightweight goods. They are experimenting with the use of various materials such as aluminium and brass to achieve this. In the coming years, the demand for aluminium die casting is expected to surge considerably” said a lead FMI analyst.

Covid 19 impact

Covid 19 pandemic has impacted businesses across the world in one way or other. The lockdowns imposed by the countries have impacted various industries.

Automobile and construction sectors are considered to be among the worst hit sectors globally.

Global sales of automobiles and consumer goods has seen a decline since the onset of lockdowns due to pandemic in March 2020. Since the income of many has stopped as a result of job losses, even the consumer side has been heavily impacted. People are avoiding buying consumer goods as a result.

With productions coming to a halt and transport at a standstill, the global die casting industry has witnessed the heavy impact of the pandemic.

This mindset is affecting the global die casting market in a negative way, as automobile and consumer goods sector along with construction sector are incurring heavy losses due to this.

Who is winning?

With a huge global potential for die casting services, the industry players are relying heavily on research and development for technological advancement to gain advantage over the competitors.

Apart from this new product launches are also expected to give an edge over the other players in the market. Furthermore, expansion of businesses to cater to a wider population remains one of the key strategies of the companies, with the help of mergers and acquisitions.

For instance, companies are acquiring speciality die casting foundries and merging them to cater to a bigger audience.

Dynacast Inc., for example, acquired precision die casting company Tauus ’80 and Schlieper druckguss, which is a specialty die casting company for zinc and formed a new entity called Form Technologies in 2018.

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Some of the market players in the global  die casting services market are

Spark Minda, Kuusakoski Group, NEMAK, Ryobi Limited, Linamar Corporation, Carlton Die Castings Ltd., Form Technologies, Handtmann Group of Companies, Koch Enterprises Ltd., Premier Die Casting Company, Expromet Technologies Global Limited, Elcee Group B.V., Dean Group of Companies, Koch Enterprises Inc., MRT Castings Ltd., JPM Group, NovaCast Limited, Arrow Butler Castings Ltd, Lupton & Place Ltd., and Harrisons Die Casting, among others.

Key Segments

Product Type

  • High Pressure Casting
  • Low Pressure Casting
  • Gravity Casting

Application

  • Telecom
  • Consumer Goods
  • Automotive
  • Electronics
  • Aerospace and Defense
  • Other Applications

Regional Outlook

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

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Citrus Alcohol Market Key Players – Carlsberg A/S, Diageo PLC, Asahi Group Holdings Ltd., Suntory Holdings Ltd., Halewood International Holdings PLC, Brown-Forman Corporation, Bacardi Ltd.

Global demand for citrus alcohol market is set to hover at nearly 5% growth rate, as growing preference for craft beer, and rising alcohol consumption create fertile ground. The study by Future Market Insights analyzes citrus alcohol growth in over 20 countries, building a holistic and comprehensive analysis of the market.

Increasing inclination among consumers towards craft spirits, owing to their unique and subjective taste is another key factor driving sales. The FMI study also opines that proliferating number of breweries across the world will drive demand in the long run.

The COVID-19 impact on the market will create short-term challenges through 2021-end, with steady recovery expected from 2022.

Key Takeaways

  • Spirit will remain the largest selling category, capturing over 50% market share
  • Glass bottles will hold nearly half of market value, owing to safety and minimal risk of leakage
  • Based on sales channel, specialty stores accounted for over one-fourth of market value in 2020 and will remain the most lucrative channel.
  • Asia Pacific will remain the largest regional market for citrus alcohol, backed by the presence of a large young population base with high spending on alcoholic beverages.
  • Europe and North America will collectively account for nearly 50% market share, being the largest producers and consumers of alcohol.

“Market players are focusing on expanding their product portfolios and geographical presence to strengthen their foothold in the competitive landscape,” remarks FMI analyst.

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COVID-19 Impact

The outbreak of COVID-19 has impacted operations in the food and beverage sector, thus creating a downfall in the volume produced in the first and second quarters of 2020. Moreover, supply-side difficulties such as hindered distribution network and closure of sales channels.

Furthermore, altered consumer priorities during the lockdown and high demand for essential products, while distribution and sales of non-essentials, including alcoholic beverages, have been deprioritized. On the back of these facets, the growth trajectory of the citrus alcohol market will experience fluctuations during the pandemic.

Citrus alcohol market players are focusing on widening their geographical footprint and acquisitions have been identified as a crucial step to achieve the same. On these lines,

  • In March 2017, Asahi Group Holdings Ltd. acquired the business of SABMiller Limited in five European countries and deemed Asahi Breweries Europe Ltd (“ABEL”) as the European subsidiary of Asahi, helping the company to expand in Europe.

FMI’s report includes profiles of some of the most prominent names in the market including

Carlsberg A/S, Diageo PLC, Asahi Group Holdings Ltd., Suntory Holdings Ltd., Halewood International Holdings PLC, Brown-Forman Corporation, Bacardi Ltd., Anheuser-Busch InBev SA/NV, and The Coca-Cola Company, among others.

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Key Segments

Product Type:

  • Beer
  • Spirits
  • Wine
  • Other Types

Packaging Type:

  • Glass Bottles
  • Tins
  • Plastic Bottles
  • Others

End-use Industry:

  • Modern Trade
  • Specialty Stores
  • Convenience Stores
  • Commercial
  • Hotels/Restaurants/Bars
  • Online Retailers
  • Other Retailing Formats

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12742

Region:

  • North America
  • Latin America
  • Europe
  • MEA
  • APEJ
  • Japan