Automated Sample Storage Systems Market By Product, By Technology, By Application, By Region, And Segment Forecast 2021 – 2027

Automated sample storage systems are the computer controlled storage devices for the preservation of samples mostly used in chemical and life science domains. These type of systems provides facility to store and retrieve the sample as and when required. By dropping sample temperatures beneath the glass transition phase of water, all the metabolic activities halts which results in longer duration storage. The sample storage systems vary from manually controlled, relatively simple and small storage operating devices to large computer controlled automated storage devices. It reduces labour costs, lowers essential workforce requirements, improving workplace safety, and taking out personnel from difficult working conditions (such as cold storage environments). These systems also helped in improving the space utilization and increasing storage density – both horizontally and vertically. Nowadays, long term automated sample storage system is the requirement of almost every research laboratory. Therefore, this sector also rises opportunity for business investment. Various sample storage service providers are also increasing its market as a large number of samples can be stored at one place instead of installing device in separate institutes such as the development of regional and national biobanks.

Demand for the automated sample storage systems are more for clinical research purposes. These systems are designed to overcome several problems in sample collection and storage. It stores a variety of labwares, including a wide variety of micro tubes, cryoviles, and blood tubes, some systems can store more than 10 million samples. The machine size varies from M to XL. Robotic systems are also nowadays integrated along with the system in many workstations.

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Automated Sample Storage Systems Market: Drivers & Restraints

Automated sample storage market is anticipated to have linear growth proportional due to the increase in number of life science and pharmaceutical research activities globally. These automated sample storage systems has overcome the shortcomings of storing in liquid nitrogen. Theses automated freezer systems checks any significant temperature rises, thus the freeze-thaw cycles are restricted and potential sample degradation is prevented. These type of advantages associated with the automated sample storage system drives its market. The rise in funding in the research sector also increases its market. High installation and maintenance cost limits the market expansion. Uninterrupted electricity problem in some region also limits its installation. Maintaining a large and highly integrated system also requires training and experience. Companies often experience significant ongoing costs for maintenance and updating of various subsystems.

Automated Sample Storage Systems Market Treatment Market: Overview

Automated sample storage systems has created a requirement for effective storage practices and standard operating procedures. The requirement of maintaining sample integrity and viability by adopting new storage methodologies and solutions assures better sample quality for the research community and thus proliferate the market of automated sample storage systems. Demand of these products is also increasing in the manufacturing industries for storing large scale industrial samples mostly in the biopharmaceutical and chemical industries. Vendors such as Biomatrica and IntegenX, Inc are also involved in developing reagents for stabilizing the DNA and RNA as to keep them last long under ambient temperature. This process effectively eliminates the need for freezer units and extra storage space.

Automated Sample Storage Systems Market: Region-wise Outlook

North America and European regions are established market with large number of global key players and number of established biobanks in the region. The ongoing research and development activities and huge fundings in commercial manufacturing in the region are fueling the demand for highly advanced laboratory and research solutions In addition, huge number of biopharmaceutical research is also carried in these nations thus require large storage units for sample storage. Asia Pacific has a growing demand in this business sector and a time for marketing and business development in these countries as these nations are going to proliferate in the future because the of the growing economy and continuous investment in various research facilities.

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Automated Sample Storage Systems Market Treatment Market: Key Players

Various companies are involved in manufacturing and distribution of devices for automated sample storage systems. Some of the companies are involved in providing services for storing samples such as various biobanks. A number of global key players in this industry are Hamilton Company, Biomatrica Inc., IntegenX, Inc., Brooks Automation, Inc., TTP Labtech, Swisslog, Thermo Electron Corporation, Angelantoni Life Science and others.

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 (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.

Automated Sample Storage Systems Market: Segmentation

Segmentation by Product Type

  • System Unit
  • Reagents and consumables

Segmentation by End User

  • Hospitals
  • Diagnostic Labs
  • Chemical Industries
  • Biopharmaceutical Industries
  • Research Laboratories.

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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.

Digital Stethoscope Market Overview, Drivers and Restraints, Region-wise Outlook, Key Players, Segmentation, End User, Technology And Forecast to 2026

Digital stethoscope is a real time invention, which translates acoustic sound into an electrical signal, heart beats per minute (HBM) is displayed on LCD. Digital stethoscope also offers signal amplification and additional functions like storage, analysis and visual demonstration of sound signals. Sounds from multiple locations can be seized with the help of an electret microphone. The arrested sound is filtered and processed digitally by exhausting an adaptive frequency to obtain clearly audible and distinct heart sounds. An advanced digital stethoscope can wirelessly stream heart sounds to a smartphone. It also offers refined capabilities with audio recording and playback features. Digital stethoscope provides a new dais for potential computer-aided diagnosis (CAD). A digital stethoscope has various applications such as to assist doctors in examine and analyze cardiac signals in real time during auscultation. Digital stethoscopes are frequently favored by healthcare professionals for a physical examination. New edition of digital stethoscopes does have a learning curve, as its unique features with the integrated system for rapid diagnosing purposes is gaining more scope for the worldwide physicians. The upcoming advanced technology potential to revolutionize overall diagnosis by driving great innovation and enhancing the way healthcare services are administered throughout the globe successfully.

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Digital Stethoscope Market: Drivers and Restraints

Digital stethoscopes have cutting-edge features like audio recording, amplification of sound and eliminate other troublesome sounds for improved diagnosis. These digital stethoscopes are also fortified with software that allows doctors to generalize the readings for monitoring the heart rate of the patient. Substituting the linking cable with a wireless model may support lessen the potential risk and further agree to the propagation of the signals to different users for a checkup. Now physicians are capable to capture individual’s heart and lung sounds and incorporate them into the electronic health record. This breakthrough signifies a revolutionary advancement in longitudinal patient care. Digital stethoscopes are gaining more popularity among dental practitioners that are seeking for more flexibility in overall functionality. In addition, increasing healthcare awareness and promotional campaigning by manufacturing companies is also fuelling the growth of the global digital stethoscopes market. Digital stethoscope manufacturers are converging on developing the devices with superior acoustics, better performance, and pioneering designs. Growing healthcare expenditure, increasing lifestyle, and the elderly population is expected to fuel the growth of digital stethoscope market. These stethoscopes offer advanced features with modern technology and have strongest growth potential in the overall stethoscope market. A lot of startup firms in the digital health space appear to launch their own manufactured products when FDA gave a green light to digital stethoscope. It may be too complex, time-consuming and too expensive to accept the new digital technology. Physicians have to gain more trust their medical devices work as stated. FDA approval system is one way of substantiating the upcoming digital device. This adoption of new technology by worldwide doctors is really a value based shift payment for digital stethoscope providers.

Digital Stethoscope Market: Region-wise Outlook

Geographically, the digital stethoscope market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The global digital stethoscope market is expected to grow at a healthy CAGR during the forecast period. North American region has a huge market owing to a large number of manufacturers, technological advancements with increasing population with and growing awareness about the upcoming devices and technology. Asian countries and Latin American countries are having more growth opportunities for digital stethoscope market players in the forecast period. North America leads the global digital stethoscope market due to rise in geriatric population and increasing concern of healthcare. Some of the key factors impacting digital stethoscope market in emerging countries are rising demand for healthcare medical devices for commercial and personal usage, growing healthcare expenditure and rising government initiatives in the field of digital market.

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Digital Stethoscope Market: Key Players

Key players operating in the global digital stethoscope market are FarmaSino Pharmaceuticals, Eko, Qinhuangdao Contec Medical Systems Co., Ltd., EXANOVO GROUP, Qufu Longercare Meditech Limited, and others. Digital stethoscope made by Eko Devices is also the first company to incorporate heart sounds directly with a patient’s electronic health record (EHR).

Globally, the manufacturers of digital stethoscope market have implemented the new healthcare strategies and technology advancements such as use of latest technology by using sensors and new digital & wireless systems. 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, and applications.

The report covers exhaustive analysis on:

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

Regional analysis include

  • North America (U.S., Canada)
  • Latin America
  • Western Europe (Italy, France, U.K, Spain, Rest of Western Europe)
  • Eastern Europe (Russia, Rest of Eastern Europe)
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, Rest of MEA)

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.

Digital Stethoscope Market: Segmentation

By Technology

  • Integrated Chest-Piece System
  • Wireless Transmission System (Bluetooth)
  • Integrated Receiver Head-Piece System
  • Numerical Simulation and System Integration

By End User

  • Hospitals
  • Clinics
  • Healthcare Institutes & Organizations
  • Home Care Settings
  • 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
  • Must-have information for market players to sustain and enhance their market footprint

Benign Prostatic Hyperplasia (BPH) Prostate Treatment Market to expand at 4.6% CAGR during 2018-2028

The approximately US$ 25 Bn market for benign prostatic hyperplasia prostate treatment is likely to expand at 4.6% CAGR during 2018-2028, according to a recent research report of Future Market Insights (FMI). The report has envisaged steady growth prospects for the revenue of global benign prostatic hyperplasia prostate treatment market through 2028.

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The World Population Prospects’ data (2017) projected that the number of individuals aged 60 years and above will double by 2050, and triple by 2100. With such a high pace estimated for the growth of population aged 60 years and above, it is more likely that the prevalence of aging related health conditions will also increase at a considerable pace in the years to come. A high prevalence rate of benign prostatic hyperplasia (BPH) in men, the demand for improved and more effective treatment options continues to increase at a high rate.

Alpha-blockers & Drugs for Lower UTIs Remain Pivotal in Benign Prostatic Hyperplasia Prostate Treatment

The drug treatment has been vital in treating benign prostatic hyperplasia conditions and lower UTIs, which has been attributed to widespread availability of drug-based benign prostatic hyperplasia prostate treatment. This factor, in particular, will play an instrumental role in driving the growth of the benign prostatic hyperplasia prostate treatment market during the forecast period. Drugs will remain the first choice of treatment for benign prostatic hyperplasia.

Benign prostatic hyperplasia increases the risk of other disorders as well. The most common disorder caused due to benign prostatic hyperplasia is lower UTI (urinary tract infection) for which, Alpha-blockers constitute the first line of treatment. However, other drugs are also available in the market, which offer relief from the benign prostatic hyperplasia symptoms. Other drugs include alpha reductase inhibitors, phosphodiesterase-5 (PDE-5) inhibitors, muscarinic receptor antagonists, and combination drugs.

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Demand for Benign Prostatic Hyperplasia Prostate Treatment Higher in Developed Regions, Patient Pool Expanding Steadily in Developing Markets

Owing to significantly growing prevalence of benign prostatic hyperplasia in North American men, benign prostatic hyperplasia prostate treatment market is expected to witness strong growth within the region, followed by Europe.

Extensive availability of benign prostatic hyperplasia prostate treatments, increasing clinical trials, improving R&D scenario, higher healthcare spending, and favorable government initiatives will continue to assist the growth of the benign prostatic hyperplasia prostate treatment market in developed regions.

On the other side, Asia Pacific’s benign prostatic hyperplasia prostate treatment market is foreseen to witness significant growth, owing to steadily expanding patient pool due in the region.

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UroLift System to Revolutionize the Competitive Landscape of Benign Prostatic Hyperplasia Prostate Treatment Market

Teleflex Incorporated’s NeoTract recently launched UroLift® System as a highly effective, least invasive option for benign prostatic hyperplasia prostate treatment. The UroLift® System is permanently implanted via a transurethral outpatient procedure and predominantly relieves prostate obstruction, which is one of the primary symptoms of benign prostatic hyperplasia. The company has also declared insurance coverage for UroLift® System. While the coverage is being provided by Humana, it is most likely to improve awareness about increasing availability and broadening access of minimally invasive treatment methods in urological conditions such as benign prostatic hyperplasia. This in turn will encourage adoption of UroLift® System among patients seeking effective benign prostatic hyperplasia prostate treatment.

A majority of patients with enlarged prostate continue to perceive medication and surgery as the only available treatment alternatives. However, an increasing number of physician recommendations is advocating the use of The UroLift® System as it eliminates side effects associated with other conventional options of benign prostatic hyperplasia prostate treatment.

Tattoo Removal Lasers Market Closed In On US$ 179 Million In 2018

According to the latest research by Future Market Insights (FMI), the tattoo removal lasers market closed in on US$ 179 million in 2018. The revenue growth of tattoo removal lasers market has been estimated at a promising rate over the course of coming years. While over 7 in 10 patients prefer aesthetic clinics for the procedure of tattoo removal lasers, market value share of tattoo studios is likely to expand in coming years, as per FMI’s analysis.

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Tattoo removal lasers have been incorporating the latest laser technologies specific to tattoo removal procedures. Constant developments in the tattoo removal lasers landscape, increase in product penetration across different regions, and increasing government support for R&D of innovative tattoo removal lasers will remain key demand determinants in tattoo removal lasers market.

Several new technologies have been contributing to the revenue growth of tattoo removal lasers market. However, picosecond tattoo removal lasers are extremely expensive. A combination of wavelengths has been in high demand for tattoo removal. For instance, according to a research study conducted on five patients by the Laser Health Academy, better clearance was achieved with a combination of 1,550 nm non-ablative fractional laser+YAG laser as compared to other tattoo removal lasers. The combination of YAG+YAG also resulted in shorter recovery time.

According to research studies conducted on tattoo removal lasers, a combination of QS Nd: YAG (1064 nm) and CO2 lasers for tattoo removal also resulted in a significantly high improvement on the combination side for Indian skin. Combination of tattoo removal techniques is being perceived as more effective than only Q-S tattoo removal lasers, as the former reduces the need for multiple sessions.

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Moreover, combination tattoo removal lasers have not only reduced the number of sessions required, but also cut costs and reduced adverse effects such as hyper-pigmentation, long-going inflammatory responses, and bulla formation. Extensive research on the efficacy of these combination tattoo removal lasers are warranted, specifically considering the high patient demand for tattoo clearance. Thus, the high demand for combination tattoo removal lasers has consistently driven the tattoo removal lasers market.

However, tattoo removal lasers work differently on different skin types, which may involve multiple adverse effects. Tattoo removal lasers that involve Q-switched also require eye protection for the prevention of retinal damage. Q-switched ruby tattoo removal lasers are linked with high clearance rates but are also contradictory because of the high incidence of prolonged hypopigmentation. Such adverse effects of tattoo removal lasers will remain are expected to hamper the growth of the tattoo removal lasers market during the forecast period.

The tattoo removal lasers market report tracks some of the key companies operating in the tattoo removal lasers market, which include Hologic Inc. (Cynosure), Shanghai Fosun Pharmaceutical（Group）Co., Ltd. (Alma Lasers), Cutera,  Syneron® Medical Ltd., Fotona d.o.o., LUTRONIC, Lumenis, El.En. S.p.A. (Asclepion Laser Technologies GmbH), and Lynton Lasers.

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Some of the commonplace complications that result post tattoo removal lasers treatment include prolonged erythema, hyperpigmentation, hypertrophic scar formation, and disseminated infection. On the other side, complications associated with fractional lasers include transient pigmentary changes, mild fibrosis, and hypopigmentation. Though most of the adverse effects associated with tattoo removal lasers can be cured within a short span of time, some of them may lead to serious complications in terms of skin texture and pigmentation.

Weight Loss And Obesity Management Market Is Expected To Expand At A Steady CAGR Of 5.2%, Over The Forecast Period Of 2018-2028

The growth of weight loss and obesity management market is attributed to the rising epidemic of obesity across the globe. According to the latest research by Future Market Insights (FMI), the global weight loss and obesity management market is anticipated to reach a valuation of over US$ 4.9 Bn, by the end of 2028. The weight loss and obesity management market is expected to expand at a steady CAGR of 5.2%, over the forecast period of 2018-2028.

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Developing Regions More Prone to Obesity & Other Comorbidities

Increasing number of cases of obesity and related comorbidities will lead to the growing adoption of drugs and devices for weight loss and obesity management, which will further fuel the growth of the global weight loss and obesity management market during the forecast period.

The weight loss and obesity management market is majorly driven by the rising prevalence of obesity. The rising epidemic of obesity presents a major challenge to disease prevention across the globe. It is estimated that by 2030, 38% of the world’s adult population will be overweight and around 20% will be obese. This obesity epidemic is more prevalent in the Middle East and the Asia Pacific regions where food import is quite high. Weight loss and obesity management are helpful in the treatment of highly critical obesity and comorbidities associated with it, such as diabetes, asthma, sleep apnea, and hypertension, etc.

Increasing health consciousness is also cited as an important factor boosting the revenue growth of the global weight loss and obesity management market. Sizeable consumer population in developed regional markets will particularly continue to generate high demand for weight loss and obesity management practices, according to the report. Millennial and Generation-X consumers are gradually adopting advanced aesthetic services, including weight loss and obesity management, thereby creating adequate opportunities for manufacturers of weight loss and obesity management drugs and devices.

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Key Vendors Targeting Extension of Product Portfolio

Leading companies operating in weight loss and obesity management market are majorly focusing on strengthening their product portfolio. Product line extensions help companies to launch newer products with unique features for specific indications. This results in an increased market share of companies in the highly competitive weight loss and obesity management market. In response to increasing demand from various healthcare professionals to effectively treat obesity with minimum long-term side effects, manufacturers are focusing on developing innovative and specific products.

Product innovation is expected to boost revenue and volume growth of the weight loss and obesity management market during the forecast period. For instance, an additional FDA patents approval for VIVUS, Inc.’s Qsymia, for the covering compositions of Qsymia and covering methods for effecting weight loss using Qsymia (phentermine and topiramate).

However, the high cost involved in research and development of obesity drugs is a great challenge for the growth of the weight loss and obesity management market. Additionally, long gestation time required for research and developmental activities as well as the need for a number of essential clinical trials to test drugs adds up to significant expenditure. The limitations posed by high development cost of anti-obesity drugs might hinder the growth of the global weight loss and obesity management market. Moreover, the high cost of surgical procedures, such as gastric bypass surgery, adjustable gastric banding, gastric sleeve surgery and gastric balloon treatment, may also affect the growth of the global weight loss and obesity management market adversely.

The global weight loss and obesity management market is estimated based on product type, and distribution sales. Based on product type, the weight loss and obesity management market has been segmented into drugs and devices.

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Drugs product type segment is further segmented into GLP-1 receptor agonists, lipase inhibitors, serotonin receptor agonist, a combination drug, and others. Devices product type segment is further segmented into liposuction devices, bariatric stapling devices, gastric band, gastric balloon systems, gastric emptying systems, and gastric electrical stimulation systems.

Devices segment is expected to hold maximum market share in the global weight loss and obesity management market. Based on distribution sales, the weight loss and obesity management market has been segmented into institutional sales and retail sales. In terms of revenue, institutional sales dominated the global weight loss and obesity management market in 2017.

Upper Limb Prosthetics Market Rise At 4.4% During 2018-2028

Upper limb prosthetic sales in 2019 are estimated to close in on US$ 330 Mn, and record a Y-o-Y growth of 4.4% over 2018, according to a new study of Future Market Insights (FMI). Upper limb prosthetics have been witnessing progressing sales scenario at a modest pace over the recent past. Besides a rising trend of cosmetic prosthetics, prevalence of sports injuries is significantly contributing to the demand growth of upper limb prosthetics in the global market.

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Use of additive manufacturing/3D printing for prosthetics has been gaining momentum within the marketplace, particularly among amputees who are unable to afford the high price point associated with conventional limb prosthetics. Adoption of upper limb prosthetics has been pervasive at hospitals, at a steadily increasing rate. FMI expects a higher rate of adoption across prosthetic clinics in the years to come. However, an expensive price point, coupled with mass production incompatibility, is most likely to limit rapid revenue growth of upper limb prosthetics market.

Several prominent players in the competitive landscape of upper limb prosthetics market are prioritizing new product launches eyeing the opportunities lying in competitive price ranges. While this strategy is likely to aid companies improve penetration into developing markets, others will also focus on development of convenient accessories to assist the usage of upper limb prosthetics – such as hand gloves.

As per FMI’s analysis, a considerable number of companies competing in upper limb prosthetics market are concentrating on providing rehabilitative prosthetic services and amputee care. Consistently increasing demand for prostheses following accidental and aging related disabilities will primarily push sales of upper limb prosthetics. Rapid surge in the number of orthopedic disorders and post-traumatic disabilities will also remain a key factor determining demand for upper limb prosthetics in the near future, according to the report.

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Prosthetic Wrist to Hold over One-Fourth Market Share

Transradial disarticulation (below elbow) will remain the key indication generating maximum demand for upper limb prosthetics. The report points to a higher revenue share of over 1/4th of the total value, collectively contributed by wrist disarticulation and transhumeral disarticulation (above elbow). Sale of partial hand has also been registering a moderately growing share in the market revenue.

Prosthetic wrist sales account for over a fourth of the total market value whereas, prosthetic arm is likely to develop highest-selling potential in the years to come. Prosthetic elbow and terminal devices are currently among highly sought after components of upper limb prosthetics after prosthetic wrist, according to FMI’s study. The combined revenue share of these two in the market has been anticipated to be more than 45% in 2019. However, prosthetic shoulders will also continue to experience moderate demand over the course of next few years.

Almost 2/5th of the total demand for upper limb prosthetics is accounted by myoelectric prosthetic devices, followed by body powered counterparts. As per FMI’s analysis, passive prosthetic devices can be positioned as a relatively lucrative type of upper limb prosthetics.

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North America & Europe Hold over 55% Share in Market Value

While more than 55% share of the global market revenue is contributed by developed regional markets, the penetration of upper limb prosthetics within most of the developing regions remains in its latency. According to FMI’s study, the market in China, India, and some of the fast-developing economies in East and South Asia economies hints at promising growth prospects post 2019. The report attributes this growth to the sophistication of healthcare infrastructure, improvements in reimbursement scenario, rapid expansion of the patient pool, and the flourishing medical tourism sector.

Increasing per capita healthcare spending, spike in the private and public investments in R&D, and the influx of activities involving shifting of manufacturing bases to developing regional pockets have also been instrumental in establishing a positive growth outlook for upper limb prosthetics market in these regions.

FMI forecasts a 4.8% CAGR for the upper limb prosthetics market revenue over 2018-2028. The report has tracked some of the most prominent players active in the global upper limb prosthetics market, including Fillauer LLC, Touch Bionics Inc., Endolite India Ltd., College Park Industries, and Ottobock SE & Co. KGaA, among others.

Bamboo Products Market is anticipated to expand at a CAGR of 6% over the forecast period 2021–2030

Future Market Insights’ (FMI) recently published bamboo products market report opines a positive growth trajectory, estimating global revenues to surge at 6% CAGR. Growth will primarily be driven by growing focus on sustainability and availability of affordable bamboo products.

According to the United Nations’ Sustainable Development Goals Report, 2019, atmospheric CO2 levels increased to 405.5 ppm in 2017, compared to 400.1 ppm in 2015. This represented a 146% increase in global emission levels. Most of this resulted in excessive deforestation to acquire timber for construction.

Realizing this, governments and corporate entities are consciously making attempts to explore alternative solutions, a criterion which bamboo fills aptly. Environmentalists, government bodies and NGOs worldwide have hailed bamboo as an effective solution to the sustainable development paradigm.

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Key Takeaways

  • Global bamboo products market to surge at 6% value CAGR through 2030
  • Demand for lifestyle products to remain supreme, spurred by heightened purchases of furniture & home décor products
  • Online bamboo product sales to surpass US$ 10 Bn by 2021, owing to high reliance on virtual platforms amid COVID-19
  • Commercial end-users to account for nearly 40% revenue share, owing to increased applications to manufacture handicrafts and activated carbon
  • East Asia to be the largest market, pivoted by China, the global bamboo capital

“Leading bamboo producers are assisting potential importers in developing and consolidating bamboo farms under stimulated conditions,” remarks the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has had varying impacts on the global bamboo products market. The global impact is largely influenced by the regional market growth scenarios. However, a certain degree of sluggishness prevails across all regions due to the deceleration experienced as a result of government imposed lockdowns.

Significant shortfalls have been experienced in India. India is the 2nd largest bamboo growing nation, after China. While the area under bamboo cultivation in India is larger, its share stands at US$ 4.5 billion, much lesser than China. Naturally, the lockdown has generated an adverse impact on the industry.

Fortunately, various steps have been undertaken by the government to ensure that bamboo cultivators are safeguarded from the pandemic’s recessionary shocks. In August 2020, the National Bamboo Mission extended its helping hand to promote bamboo cultivation, with over 20,000 seedlings expected to be planted on nearly 50 hectares of land.

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Competitive Landscape

Prominent bamboo products companies are emphasizing on deepening market penetration by virtue of acquisition of small-scale manufacturers. In additions, mergers and collaborations with existing players provides companies with a competitive advantage. Additionally, product launches are also an integral part of their expansion strategies.

In March 2020, Moso International BV, a global bamboo specialist company, acquired Bambeau Becker und Groβgarten GmbH situated in Frechen, Germany. Moso is the world’s largest bamboo products supplier for the construction industry. This acquisition will help Moso enhance its presence in the international market. In 2019 it inaugurated a new factory in China.

In 2017, Smith & Fong Company launched the Living Hinge CollectionTM which is a new line of flexible acoustical panels made from carved bamboo plywood. These panels are designed to achieve a noise reduction coefficient up to 0.7. In 2019, the company established a distribution network in Australia.

Key Companies Profiled:

Moso International BV, Bamboo Village Company, Kerala State Bamboo Corporation, Shanghai Tenbro Bamboo Textile Company, Smith & Fong Company, Huayu Group, Pappco Greenware, Xiamen HBD Industries and Trade Company, Bamboo Master, Meysher Industrial Group and Jiangxi Bamboo Technology Development Company Ltd.

Key Segments

Product Type

  • Lifestyle Products
  • Furniture
  • Home Décor Items
  • Kitchenware & Cutlery
  • Personal Accessories
  • Yarn & Textiles
  • Others
  • Building and Construction Products
  • Bamboo Structures
  • Gazebos
  • Cottages
  • Partition Boards
  • Prefabricated Houses
  • Others
  • Packaging and Storage Products
  • Bags
  • Boxes
  • Pallets
  • Others
  • Educational and Recreational Products

Sales Channel

  • Offline
  • Online

End-User

  • Personal and Residential
  • Commercial
  • Industrial and Infrastructure

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Region

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

Stent Graft Balloon Catheter Market: Notable Developments & Geographical Outlook

Stent graft balloon catheter, is a soft catheter with an inflatable “balloon” used during a catheterization procedure to enlarge a narrow opening in the coronary artery. These catheters are generally used for expanding vascular prosthesis or during temporary occlusion of large vessels thus used in many endovascular treatment of abdominal and thoracic aortic diseases. Generally the balloon stents are used in bypass graft surgery and balloon angioplasty. These stents prevent the risk of abrupt artery closure and re-narrowing that occurred in many patients operated for angioplasty.

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The stent graft balloon catheter market has evolved gradually from simple stents to modified balloon stent catheters. This market comprises of balloon catheters used for stent grafting during angioplasty.

Stent Graft Balloon Catheter Market: Drivers & Restraints

The primary factor for the growth of global stent graft balloon catheter market is the increasing number of hospital admissions attributed to rising incidence of atherosclerosis patients, and rising prevalence of CAD (Coronary Artery Disease) worldwide. Secondly growing healthcare expenditure levels and the introduction of advanced technologiesin balloon catheter drives the market growth for stent graft balloon catheter over the forecast period. However high cost of angioplasty procedures are the factors restraining the market growth of stent graft balloon catheter market over the forecast period.

Stent Graft Balloon Catheter market is mainly dominated by trends such as introduction of drug eluting balloons. Also increasing inclination to opt for balloons with drug delivery, which can deliver the medication at the local site, are effective alternatives for administering the drug intravenously. However there are several types of balloon catheters available in the market, which helps in curing coronary artery diseases and many such trends expected to dominate the market over the forecast period.

Stent Graft Balloon Catheter Market: Overview

Depending on geographic region, the stent graft balloon catheter market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Globally, stent graft balloon catheter market is expected to witness healthy growth in the near future due to increasing prevalence of coronary artery disease and the rise in per capita expenditure on healthcare in the developing nations. Stent graft balloon catheter market is anticipated to show highest share is of North America followed by Europe owing to technological advancement, sophisticated healthcare infrastructure and increasing awareness regarding angioplasty procedures available in the market. Also it has been analyzed that balloon catheter stenting for coronary applications has been widely adopted in clinical practice and is associated with improved health outcomes in Europe. Asia-Pacific market is expected to register fastest growth owing to the rise in geriatric population and increasing obesity, which ultimately gives rise to the number of patients suffering for coronary artery diseases over the forecast period.

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Stent Graft Balloon Catheter Market: Key Players

Some of the key market players in stent graft balloon catheter market includes Medtronic, Boston Scientific, Abbott Laboratories, Cordis, Atrium Medical, W. L. Gore & Associates Inc., JOTEC GmbH, QXMédical, LLC etc. these players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, distribution agreements which are their key sustainability strategies. Secondly many local players have started entering in this lucrative market.

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

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.

Ask Us Your Questions About This Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-1793

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.