Orthopaedic Prosthetics Market will witness a CAGR of over 4.5% over the forecast period 2021-2030

As per Future Market Insights (FMI) – an ESOMAR-certified market research firm, global orthopaedic prosthetics market will be worth US$ 3.22 Bn by 2030.
Orthopaedic prosthetics have been witnessing personalized breakthrough innovations since the last few years. The market is witnessing customized prosthetics that enable modifications on the basis of functionality and anatomy of the respective patient.
According to FMI, tailored orthopaedic prosthetics, an outcome of 3D imaging software, is available in various lengths and sizes. This innovation is likely to drive the orthopaedic prosthetics market during the forecast period.

“The market is expected to witness a paradigm shift. Emphasis is being laid on consumer-friendly products, so as to simplify the lives of amputees”, says an FMI analyst.
Reconstructing or amputating of lower limb proves to be challenging for both – practitioners as well as patients as it largely depends on the affected limb’s viability and characteristics.
However, advances with respect to orthopaedic prostheses have paved the way for loads of options to be considered while choosing between limb amputation and reconstruction.

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As such, the well-fitting prostheses avert the rest of the soft tissue’s breakdown by redistribution of compressive force at the time of weight bearing, thereby minimizing force on skin. This convenience holds the flag for lower extremity orthopaedic prosthetics high in the forecast period.
As far as technology is concerned, digitally empowered devices are the future of orthopaedic prosthetics market. Along with anticipating patients’ actions (through the use of AI), these devices enable remote monitoring.

orthopaedic prosthetics adoption analysis

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Digitally powered orthopaedic prosthetics are all set to revolutionize the market at present and also in the forecast period.
Also, as mentioned above, personalization of products gets a simplified approach with digitization, as traceability becomes easy. Also, 3D imaging helps the patient visualize the placement of limbs well in advance, thereby voicing his/her choice with regards to implants.
Though North America and Europe account for leading revenue share, opportunities in Asia Pacific are growing. The countries like India, China, Thailand, Saudi Arabia are on the verge of increasing the contribution of their GDP towards healthcare.
As Asia Pacific is home to majority of those suffering from diabetic ailments, the orthopaedic prosthetics market set to catch up herein. On the other hand, the consistency shown by North America and Europe could be attributed to increasing incidences of peripheral vascular diseases concerned with limbs coupled with injuries related to sports.
Major Key players include:
Exatech Inc.
Howard Orthopaedics Inc.
Hanger Inc.
Wishbone Medical
Pega Medical
OrthoPediatrics
Arthrex
Touch Bionics Inc.
Advanced Arm Dynamics
Medtronic Spinal
Integra Lifesciences
Globus Medical
DJO Global

Orthopaedic Prosthetics Market, a new study from Future Market Insights, opines on the evolution of the orthopaedic prosthetics market from 2014 – 2018 and presents demand projections from 2020 – 2030 on the basis of; product (upper extremity prosthetics, lower extremity prosthetics, sockets, liners and modular components), technology (conventional, hybrid orthopaedic prosthetics and electric powered orthopaedic prosthetics) and end user (prosthetic clinics, hospitals, rehabilitation centre and others) across seven prominent regions.

ORTHOPAEDIC PROSTHETICS MARKETS TAXONOMY
The global orthopaedic prosthetics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product
Upper Extremity Prosthetics
Hand Prosthetics
Elbow Prosthetics
Shoulder Prosthetics
Lower Extremity Prosthetics
Foot & Ankle Prosthetics
Knee Prosthetics
Hip Prosthetics
Liners
Sockets
Modular Components

Technology
Conventional
Electric Powered
Hybrid Orthopaedic Prosthetics

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End User
Hospitals
Prosthetic Clinics
Rehabilitation Center
Others

Region
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

North America Electrical Testing Services Market Research Report 2021 – Global Forecast till 2031

North America electrical testing services market will total US$ 1.85 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm.

North America electrical testing services market is projected to exhibit year-on-year (YoY) growth of 4.8% to total ~US$ 1.8 Bn in 2021. As per the study by Future Market Insights (FMI), the demand for electrical testing services in North America will increase by 5.9% CAGR between 2021 and 2031.

By service type, thermographic electric testing service will represent over 6.5% CAGR in North America electrical testing services market. As of 2020, these services account between 2 and 3% of overall North America Testing and Inspection Services Market.

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The report has forecast the North America electrical testing services market to grow at nearly 5.9% during 2021-2031. Due to the economic impact of COVID-19, demand for electrical testing services decreased in 2020. With various end-use sectors already resuming daily operations, scope for sales of electrical testing services will grow in North America.

Because of the high pace of population expansion and urbanization in the United States and Canada, the power generation and transmission industries are expected to increase steadily. Rapid growth in the residential sector in urban as well as semi-urban areas in this region will contribute significantly to the market growth.

2021-2031 North America Electrical Testing Services Market Outlook Compared to 2016-2020

Driven by the rapid industrialization and technological advancements in North America, the electrical testing services market will rise at 5.9% CAGR between 2021 and 2031 in the comparison above 0.9% CAGR registered during 2016-2020.

Transformer testing and other major service types are currently in high demand across diverse industries as transformer testing is essential for confirming the performance and specification of a transformer. Performing maintenance and testing periodically to maintain the working efficiency of an electrical device is of prime importance. This makes electric testing services highly sought-after in North America.

Increasing focus on personal safety is encouraging customers to invest in advanced electrical testing solutions. As electricity has the potential of fatally injuring a person, unchecked electrical equipment has a greater probability of causing hazard due to instances such as leakage, short-circuiting, faults in wiring, leakage of lubricants, and others. To counter the risk of such incidents, focus on electrical testing services will skyrocket.

projected bps change in market share for end use segment in north america electrical testing market 2021 2031

Key Takeaways of North America Electrical Testing Services Market Study

  • The U.S. will lead the North America electrical testing services market, accounting for over half of sales through 2031.
  • The demand for electrical testing services in Canada will grow by 6.1% CAGR between 2021 and 2031.
  • During the projected period, transformer testing and circuit breaker testing segments are expected to lead in terms of market share and growth rate. Because of their simple operational versatility and high load capabilities, the category is predicted to account for nearly half of the market value share through the forecast period.
  • The increasing demand for rotating equipment vibration testing and motors/generators testing will continue driving growth in the market.

“North America electrical testing services market is gradually growing due to increasing consumption of electrical services in various end-use industries. Expansion of the power transmission and distribution will result in high demand for electrical testing services. Key industry participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage in the evolving North America market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a FMI analyst.

Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

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North America Electrical Testing Services Market by Category

By End Use:

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways
  • Other Industrial (Laboratory, etc)
  • Data Centers
  • Healthcare and Hospitality
  • Commercial Establishments

By Service Type:

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing
  • Rotating Equipment Vibration Testing
  • Motors/Generator Testing
  • Thermographic Testing

By Country:

  • The U.S.
  • Canada
  • Mexico

Key Questions Answered in the Report

What is the North America Electrical Testing Service Market Size?

Which are some of the leading company’s offering testing services in North America?

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Female Pelvic Implants Market is set to reach a valuation of US$ 245 Million in 2021, rising at a CAGR of 2.8% through the end of 2031

According to a recent report by Future Market Insights (FMI), rising prevalence of pelvic organ prolapse (POP) and stress urinary incontinence (SUI) is expected to boost the growth opportunities for female pelvic implants market. The market is set to reach a valuation of US$ 245 Mn in 2021, rising at a CAGR of 2.8% through the end of 2031.

increasing incidence of vaginal disorders among aged women coupled with the non-availability of other treatment options for SUI and POP will continue increasing the demand in the female pelvic implants market. According to the U.S. FDA, the number of women who have POP is estimated to surge by 46%, to 4.9 million, by 2050.

According to the American Urological Association (AUA/SUFU), the incidence of stress urinary incontinence (SUI) in women was reported to be as high as 49%. The incidence of stress urinary incontinence is high in women with poor or weakened pelvic supports. This disease affects the lives of women to a great extent and is widespread in the older population.

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However, the low rate of efficacy after pelvic implantation and the problems of pelvic organ prolapse are hampering the growth of the female pelvic implants market.  COVID-19 is anticipated to have a moderately negative impact on the female pelvic implants market due to implementation of lockdown. Supplies and demand were jolted by the massive spread of the infection, which staggered the growth of the female pelvic implants market.

Key Takeaways from Female Pelvic Implants Market Study

  • Vaginal sling/tapes demand is anticipated to gain maximum revenue share of more than 68%, rising at an expected CAGR of 2.5% owing to the high demand to treat stress urinary incontinence.
  • Hospitals followed by ambulatory surgical centers are leading users of female pelvic implants growing owing to the rising number of POP and SUI patients.
  • The U.S. accounts for more than 83% of the North America market, driven by the high incidence of pelvic organ prolapse.
  • The U.K.is a leading market in Europe. It is expected to account for nearly 13% of demand registered in Europe by 2031. Implementation of government funded awareness programs will remain a chief growth driver.
  • Over 30% of the South Asia market is held by India. Growth in the country is propelled by significant investments in the expansion of healthcare sector.

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Key Companies Profiled :

  • Johnson & Johnson Services, Inc.
  • Coloplast A/S
  • Dipromed Srl
  • Boston Scientific Corporation
  • pfm medical ag
  • Betatech Medical
  • Promedon Group
  • Caldera Medical
  • Cook Medical

Key Segments Covered:

  • Product Type,
  • Indication,
  • End-User, and Region

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Key Regions Covered

  • North America,
  • Latin America,
  • Europe,
  • East Asia,
  • South Asia,
  • Oceania Middle East & Africa

Tire Testing Machine Market 2021 | Present Scenario and Growth Prospects 2031

Expansion of the tire industry and increasing automotive sales are anticipated to drive the tire testing machine market. According to a study by Future Market Insights (FMI), the tire testing machine market will reach US$ 467.7 Mn by 2021. The increasing rate in tire production will remain a chief growth driver.

Tire testing machines have dynamic abilities to notify the extent of wear and tear on tires. The rising focus on efficient tire performance, rigid regulatory framework for tire testing and mandate on safety on highways, and other forms of safety requirements have cumulatively propelled the market growth. These machines also are used across aerospace and defense facilities.

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The COVID-19 pandemic outbreak has impacted the global economy at various levels and electronics industry has not been spared. The tire testing machine market growth is projected to be affected by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand in 2021. With a number of end-use industries affected in regions like North America, Europe and Asia-Pacific, the oversupply and shortage in demand are expected to result in a significant drop in Y-O-Y growth.

Nonetheless, a study by FMI has projected the tire testing machine market to reach US$ 730.8 Mn by the end of 2031, growing at a CAGR of 4.6% over the forecast years (2021-2031). Their increasing application in testing tires for four wheelers will continue supporting growth. As per FMI, four-wheelers account for above 30% of sales in market.

tire testing machine market characteristics and attributes with regional relevance, 2021

Key Takeaways of Tire Testing Machine Market Study

  • Despite significant drop in sales amid COVID-19, recovery is on card as FMI projects growth at positive pace 2021 onwards
  • Rising vehicle production will support growth as U.S. continues to lead North America market with a dominant share of more than 78% in 2021
  • Increasing focus on vehicular safety will stoke expansion in the U.K., enabling y-o-y growth at above 3% in 2021
  • Germany and France will enjoy spotlight among leading markets in Europe
  • Recovery of automotive sales post COVID-19 outbreak will support sales in China, as Japan and India remain other key markets in Asia Pacific

“Tire testing machines play a pivotal role in the global tire landscape. The market is expected to witness major transformations with automation and collaborative efforts from tire manufacturers and OEM technology.”

North America is expected to exhibit high demand for tire testing machine. Increasing vehicle production in the region has and focus on product innovations by some of the leading market participants have been driving growth in North America. In Asia-Pacific, the increasing demand from applications such as including passenger cars and heavy commercial vehicles, is likely to favor the expansion of tire testing machine market.

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Competitive Landscape

The key players operating in the global tire testing machine market include MTS Systems Corp, A&D Co. Ltd, Ametek Inc, ZF AG, Kobelco Corporation, Kokusai Co. Ltd and TMSI LLC. The market is highly competitive and it is driven majorly by supplier side and influenced by demand side trends. Both global and regional players play pivotal role to provide the most cost competitive solution for various end users including automotive, aerospace and largely tire manufacturers.

Leading companies profiled in this study hold approximately half the market value share.  There is a lot of product differentiation concerning the types of solutions which are offered to tire manufacturers, automotive OEMs and for contract and laboratory purposes. Drive for product positioning and aggressive marketing are some of the common behavioral trends in the global market.

How the Future Outlook for Tire Testing Machine Market with Historical Sales?

Tires play a pivotal role in today’s vehicles. Given the conditions vehicles have to ride on, tires are required to perform under extreme conditions in terms of weather, driving characteristics, and serve longer miles before they wear out. Product innovations, patent filings, technical developments, research, and tire testing have paved way for the entry of many tire testing machine manufacturers. Most of the investments have been focused on the improvement of machine compatibility, its performance and its output. According to FMI’s analysis, on the back of these factors, tire testing machine will grow at 4.6% CAGR between 2021 and 2031.

Tire Testing Machine Market by Segments

Machine Type

  • Flat Belt Tire Testing Machine
  • Rolling Resistance Testing Machine
  • Dynamic Contact Testing Machine
  • Tire Balancing Machine
  • Drum Tire Testing Machine
  • Endurance Testing Machine
    • 2 Position
    • 4 Position
  • Endurance + High Speed Testing Machine
  • Tire Force & Moment Measurement Systems
  • Plunger Test & Bead Unseating Test machine
  • Tire Stiffness & Footprint Measurement machine
  • Tire Tread Wear Simulation Systems
  • Run Flat tire Durability Tester
  • Load Tester
  • Uniformity Tester

Application

  • Two Wheelers Tire Testing Machine
  • Four Wheelers Tire Testing Machine
    • Passenger Cars Tire Testing Machine
    • Motorsports Tire Testing Machine
    • Heavy Commercial Vehicles Tire Testing Machine
  • Industrial & Off-road vehicles Tire Testing Machine
  • Aircraft Tire Testing Machine
  • Defence Vehicles Tire Testing Machine

Operation

  • Automatic Tire Testing Machine
  • Manual Tire Testing Machine

End-use

  • Automotive
    • OEMs
    • Repair & Maintenance Service Stations
    • Tire Dealers & Specialty Shops
  • Aerospace
  • Tire Manufacturers
  • Other Testing, Research & Certification Agencies

Region

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

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Key Questions Answered in the Report

  • Which Is The Most Lucrative Market For Tire Testing Machine?

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Hypoparathyroidism Treatment is projected to display a promising CAGR of approximately 8% through the end of the forecast period in 2031

Hypoparathyroidism is a rare endocrine disorder, which often results in levels of calcium and high levels of phosphate, which in turn results in the production of low or abnormal parathyroid (PTH) levels. According to a recent research report by Future Market Insights (FMI), the hypoparathyroidism treatment market is estimated to reach a valuation of US$ 717.7 Mn in 2021, and is projected to display a promising CAGR of approximately 8% through the end of the forecast period in 2031.

Hypothyroidism primarily arises from surgeries in the neck region. It is associated to accidental damage to the parathyroid gland. High prevalence of these surgeries is expected to boost the demand in the hypoparathyroidism treatment market. For instance, in the U.S., up to 115,000 people are diagnosed with the chronic hypoparathyroidism. The majority of the hypoparathyroidism cases are caused by anterior neck surgery, which accounts for up to 75% of the of all hypoparathyroidism cases. The remaining 25% cases are non-surgical or in very rare cases is linked to genetic disorders.

Furthermore, considering the rare occurrence of this medical condition, hypoparathyroidism has been designated as an orphan disease by the U.S. FDA and European Commission. This designation of orphan disease will help manufacturers to speed up their drug development processes, which leads to better availability of drugs for treatments of hypoparathyroidism.

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However, the unprecedented nature of the COVID-19 pandemic has had a significant impact on the development of drugs for rare diseases including those associated with hypoparathyroidism.  Preference now is being given to the development of life-savings drugs with greater focus on development of COVID-19 drugs and vaccines, thus halting or suspending existing clinical trials other than live saving drugs.

Also, this has led to the delay or postponement of enrolment of the new participants for clinical studies. Thus, the lack of sufficient data availability on the safety and effectiveness of treatments from clinical trials, will hurt short-term prospects. Clinical trials will gradually resume through 2021, and is anticipated to pick up pace during the forecast period.

Key Takeaways from Hypoparathyroidism Treatment Marker Study

  • Calcium supplements dominate the hypoparathyroidism treatment market growing 2x by 2031 owing to efficacy with hormonal therapy.
  • Parenteral route of administration is projected to grow at higher pace, driven by a rise in the number of clinical trials, and approval of new drugs which are influencing strong growth in this segment.
  • United States holds over 85% of the North America market for hypoparathyroidism treatments and will remain dominant owing to government incentives.
  • The U.K. will exhibit high demand, registering y-o-y growth at nearly 7% in 2021.
  • Germany and France will emerge as key markets within Europe.
  • China and India reflect high potential for growth on the back of a large subclinical patient pool for kidney disorders, diabetes, obesity, thyroid surgeries or head & neck surgery.

Growing cases of hypoparathyroidism and associated neck surgeries, coupled with an increase in patient awareness and screening, faster approvals and grants for product development, and favorable reimbursement scenarios, are major factors influencing market growth. Demand for biologics and the emergence of personalized medicine are some of the upcoming trends that are expected to generate significant growth opportunities for manufacturers operating in this space,” says the FMI Analyst

Product Approvals, and Expansion Strategies Gain the Focus of Drug Manufacturers

Prominent players in the hypoparathyroidism treatment market are focusing on receiving approvals and grants for the development of new drugs to cater to the growing cases of hypoparathyroidism, thus, enhancing their market presence. For instance,

  • In October 2020, Ascendis’s TransCon PTH was designated as orphan drug by the European commission (EC), which is approved for use to treat hypoparathyroidism in Europe.
  • In July 2020, ProLynx, received a Small Business Innovation Research (SIBR) grant from NIH to help fasten the development PTH (1, 34), a long acting parathyroid hormone that can be in a week to patients suffering from hypoparathyroidism.

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Prominent players in the hypoparathyroidism treatment market is entering into the strategic agreements and collaborations at regional levels, with special focus on emerging economies. Major players are consolidating their positions through regional collaborations to strengthen their presence and increase their product reach in these countries.

Some of the leading companies operating in the market are:

  • Takeda Pharmaceutical Company Limited.
  • Entera Bio Ltd.
  • Amgen Inc.
  • Ascendis Pharma A/S
  • F. Hoffmann-La Roche Ltd
  • ProLynx, Inc.
  • Extend Biosciences, Inc.
  • BionPharma Inc.

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global hypoparathyroidism treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on Hypoparathyroidism treatment market on the basis of product type (parathyroid hormone, vitamin D analogues, and calcium supplements), route of administration (oral, parenteral), and distribution channel (hospital pharmacy, retail pharmacy, and online sales) across four major regions.

Hypoparathyroidism Treatment Market

By Product Type

  • Parathyroid Hormone
    • Natpara
    • Others
  • Vitamin D Analogue
    • Vitamin D2
    • Vitamin D3
  • Calcium Supplements

By Route of Administration

  • Oral
  • Parenteral

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales

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Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific MEA

Destructive Testing Market 2021 Development Status, Competition Analysis, Type and Application 2031

The report has forecast the global destructive testing market to grow at nearly 6% during 2021-2031. It offers analysis of 20+ high-growth markets, providing detailed insights on global destructive testing market growth trajectory over the next decade.

The global destructive testing equipment market (for food) is set to be valued at US$ 1.7 Bn in 2021, with a healthy long-term growth projection, according to latest research insights from Future Market Insights, an ESOMAR-certified research and consulting firm.

As per FMI, the market had to brace the negative impact of COVID-19 outbreak in 2020. Sales plummeted as stringent curbs were imposed on production and supply of testing equipment. Nevertheless, prudent measures adopted by end-use stakeholders for capital investments has helped in the market’s recovery in 2021.

Food being an essential item has met unabated growth in demand. This created scope for expansion for commercial scale manufacturers. Considering this, long-term growth outlook for the market is perceived to be on a positive note.

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Need for robust packaging for to prevent damage due to trauma, corrosion, and leakage as well as demand for optimal preservation of the food item against decomposition has necessitated the use of destructive testing.

Since the advent of destructive testing technique and related equipment, significant technological advancements has been witnessed in the market with present trend oriented towards portable and smart connectivity modules where data visualization, interface is enabled over multiple device platform in a single moment.

These developments are expected to support the growth of the market over the coming years.

What Is the Impact of COVID-19 Crisis on Global Destructive Testing Market?

The destructive testing market growth is expected to be affected by the COVID-19 crisis and is expected to witness a substantial drop in demand in 2020. During this time capital expenditures in research and development of new products for almost entire food industry, including packed food, dairy, and other sectors were suspended which is expected to result in a significant drop in Y-O-Y growth. However, growth is projected to witness a V-shape recovery rate as the economic activity gets back to pre-crisis levels post the containment of pandemic.

Key Takeaways of Global Destructive Testing Market Study

  • Packaged food and dairy industries are touted as leading end-use verticals for destructive testing usage. They are expected to account around 35% of the overall demand globally.
  • North America, Europe and East Asia are identified as leading regional markets owing to presence of established food quality and certification services related to processed food and pet food market.
  • The U.S. is expected to be at the epicenter of expansion in North America, accounting for over 80% of sales in the region.
  • Despite China’s continued dominance in East Asia, destructive testing demand will increase at a higher pace in Japan and South Korea.
  • Germany, Italy, and France are likely to spearhead growth in Europe.

“Though the non-destructive testing market is likely to exhibit dominance, destructive testing will be preferred for a sound degree of accuracy, process time, and utilities cost. Moreover, dual assessment of food texture and packaging quality provided instantaneously will help the processed food manufacturers in new product innovation and production” says FMI analyst.

Global destructive testing market is likely to grow at a robust pace during 2021-2031. The market is in its advanced stages of growth, where manufacturers are currently shifting towards online distribution channels for sales. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand coupled with efficient tendering backed by aftersales service is also being emphasized by OEMs to gain competitive advantage.

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Competitive Landscape

The market is primarily consolidated, with key players accounting for more than half of the sales. The leading players are likely to invest in new technology developments as well as expansion of distribution networks in order to sustain growth. Some of the key players in the market are Thermo Fisher Scientific, Ametek Mocon, Shimadzu Corporation, Metrohm, Xylem, Inc., Sartorius AG, and Mettler Toledo amongst others, etc.

Global Destructive Testing Market by Category

By Device Type:

  • Texture Analyzer
  • Moisture Analyzer
  • Corrosion Detector/ Tester
  • Pressure/ Burst Tester
  • Karl Fischer Titrator

By Configuration:

  • Benchtop/ Table top
  • Stationed Units

By Operation:

  • AC Mains Supply
  • Battery Operated

By End Use:

  • Packaged Food
  • Dairy
  • Confectionery
  •  Bakery
  • Pet Foods
  • Frozen Food
  • Edible Oil
  • Snacks

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa
Category-wise Insights

Which is the Preferred Configuration for Destructive Testing?

Benchtop based destructive testing units are likely to be preferred by end users on account of mobility in remote places and lightweight ergonomics in wake of smart devices. Therefore, the segment is expected to record increase in sales with substantial growth in the forecast period over its counterpart.

Which Operating type of Destructive Testing is most likely to be Preferred?

Battery operated or wireless based destructive testing device is expected to account for over (40%) of the bulk of demand for destructive testing equipment by the end of forecast period. This is due to the fact that several food and beverage companies strive for the speed with which they deliver finished and tested goods to the end-use markets.

Battery operated devices will enable instantaneous response which can be achieved using extended wireless networks, delivering end-results of tests directly to the computer/mobile phone/ laptop in no-time.

Which are top 3 End Users of Destructive Testing?

Dairy, packaged food and pet food segments are expected to be remain leading end users of destructive testing and are estimated to nearly half of market share. The cumulative average growth rate for the aforementioned segments is projected to be 5.6% during the forecast period.

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Cancer Supportive Care Products Market to reach USD 32 Billion during the forecast period of 2021-2030

High growth and unmet needs have attracted various new players to cancer supportive care products market. About 23% of compounds in the preclinical drug pipeline were in oncology in 2000, and the number increased to 38% in 2019.

A new research study by Future Market Insights (FMI) pegs global cancer supportive care products market to reach USD 32 Bn by 2030. The report titled, ‘Cancer Supportive Care Products Market’ offers in-depth insights on the future market growth, laying out strategies and recommendations that stakeholders can benefit from.

This is increasing the market competition with regards to clinical-trial recruitment – for instance, the number of breast-cancer patients needed for active clinical trials is surpassing the yearly figure of diagnoses.

Efforts to manage drug expenditure have channelized the focus towards cancer supportive care products, especially in developed regions, where value-based health-technology assessments (HTAs) are prevalent.

The cancer supportive care products market is characterized by rapidly growing and globalized standard of medical care. Case in point, in non-small-cell lung cancer, the number of approved therapies was estimated to rise from 14 in 2009 to 22 by 2019.

This, coupled with limited data during accelerated approvals, implies that manufacturers are working in close collaboration with payers to create value proposition of cancer supportive care products.

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Key Players:

  • Amgen Inc. (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • Baxter (U.S.)
  • Heron Pharma (U.S.)
  • Tesaro (U.S.)
  • Enlivity Corporation (U.S.)
  • AmerisourceBergen Corporation (ASD Healthcare) (U.S.)
  • VeruInc. (U.S.)
  • ARIAD Pharmaceuticals Inc. (U.S.)
  • Bendalis GmbH (Europe)
  • Helsinn Healthcare (Europe)
  • Novartis AG (Europe)
  • Hoffmann-La Roche Ltd (Europe)
  • Fagron (Europe)
  • Teva Pharmaceutical Industries Ltd. (Israel)

COVID-19 Impact on Cancer Supportive Care Products Market

The COVID 19 pandemic has touched every facet of human life including, healthcare delivery for chronic disorders.

As such, these patients are highly susceptible to getting infected from COVID-19 due to their compromised immunity, putting cancer specialists and patients in a dilemma.

Several healthcare facilities are deferring “elective” screenings, surgeries, and other methods that are considered not urgent or not immediately fatal.

Such important decisions are taken on a case-to-case basis to make sure patients diagnosed with cancer are protected from contracting the coronavirus as well as to ensure that healthcare facilities are equipped with resources necessary to treat cancer patients who do get affected by the virus.

The COVID-19 crisis has disturbed the treatment pathways and in-progress care, thus, resulting in temporary drop in demand for cancer supportive care products.

Key Takeaways of Cancer Supportive Care Products Market Study

  • Incidences of cancer have surged by around 26% among geriatric demographics compared to 10% among the remaining population
  • Adoption of cancer supportive care products to remain prominent in treating lung cancer
  • Pharma companies to invest 30% of their spending in cancer R&D to launch novel drugs and therapies in marketplace
  • Market in Asia Pacific (APAC) to experience meteoric growth through 2030

“In an effort to address the untapped sections of the society, several regulatory bodies are showing immediacy in granting approvals to certain cancer supportive care products. Case in point, the US Food and Drug Administration (FDA) has approved Pfizer’s Nyvepria to help prevent infections in patients undergoing myelosuppressive chemotherapy,” says the analyst at FMI.

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Cancer Supportive Care Products Market – Competitive Intelligence

The cancer supportive care products market is highly competitive, with presence of several small- and medium-sized players. Manufacturers are leveraging innovation into their best practices in order to have proper capabilities in place and stay ahead in the fast-growing and competitive arena.

  • Baxter International Inc. develops products under the business categories – Renal Care, Medication Delivery, and Pharmaceuticals. The company develops REGLAN Injection, which is a metoclopramide injection.
  • Amgen Inc. makes and provides innovative human therapeutics – Neulasta, which is a PEGylated form of human granulocyte CSF.

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Future Market Insights, in its new study, provides compelling insights about the cancer supportive care products market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030.

The report offers unbiased assessment on cancer supportive care products market through four different categories – by drug class, by indication, distribution channel, and region.

The global cancer supportive care products market research study delivers insights of pricing by different life cycle analysis, product life cycle, major market trends and technologies that are being utilized in the development of cancer supportive care products and product adoption in various end-use sectors

Key Segment

Drug Class

  • Nonsteroidal Anti- Inflammatory Drugs
  • Anti-Infective
  • Anti-Emetics
  • Monoclonal Antibodies
  • Erythropoietin Stimulating Agents
  • Opioid Analgesics
  • Bisphosphonates
  • Granulocyte Colony Stimulating Factor

Indication

  • Lung Cancer
  • Breast Cancer
  • Prostate Cancer
  • Liver Cancer
  • Bladder Cancer
  • Leukemia
  • Ovarian Cancer
  • Melanoma
  • Others

Distribution Channel

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Compounding Pharmacies

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Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Endoscopy Fluid Management Systems Market 2021: Key Companies, Opportunity, Segmentation, Development Trends and Competitive Analysis Forecast 2028

Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.

Laparoscopy Suction Irrigation Pumps are likely to remain the top selling product type, whereas developing economies are projected to demonstrate impressive revenue growth in coming years.

According to the FMI study, as the Tier 1 players continue to contribute over 70% share of the market revenue, the global endoscopy fluid management systems landscape remains a highly consolidated space.

The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.

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Top 3 Insights from Key Players Analysis

  • While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future.
  • Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.
  • Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers.

“Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Prominent Players:

Karl Storz GmbH & Co KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew
Stryker Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
Cantel Medical Corporation
Medtronics Plc.
B. Braun Medical Inc. and Hologic Inc

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Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

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Segmentation

The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.

From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

Viscometers Market 2021 | Scope of Current and Future Industry 2031

Continued expansion of process industries such as chemicals, oil & lubricants and consequently rising need for viscosity tests are enabling growth in the viscometer market.

As per Future Market Insights (FMI), the global viscometer market is projected to be valued at ~US$ 300.4 Mn in 2021, expanding at a CAGR of ~6.9% over the forecast period of 2021-2031. During the FQ-20, following the outbreak of COVID-19, sales of viscometer declined due to the suspension of manufacturing activities following the pandemic-induced supply-chain disruptions.

Despite marginal decrease in sales, the market is set to register impressive year-on-year growth at 6.4% CAGR in 2021. The increasing demand from research, testing and certification agencies has improved viscometer market growth. Also, recovery of production across various industries, including petroleum, food & beverages, and others will aid the market growth over the coming years.

Backed by these factors, the global market will surpass US$ 587.3 Mn, reaching a shipment of 51,000 units through 2031, estimates FMI.

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Key Takeaways of Viscometer Market Study

  • Within the industrial segment, the food & beverages industry is expected to be the primary end-user, accounting for over 18% of volume sold through 2031.
  • In terms of sales channel, online sales channel will be the most preferred type, contributing nearly 56.7% of global revenue.
  • Based on equipment type, capillary viscometer is expected to hold potential share of the global viscometer market whereas vibrational viscometer and falling ball viscometer is projected to expand with the higher growth throughout the forecast period.
  • The U.S. and Germany are expected to hold dominance over the North America and Europe market, holding potential share of 69.2% and 30.4%, respectively.
  • India, Mexico, and GCC countries are anticipated to expand with substantial growth rate over the forecast period.

 “Increasing application of viscometer as a primary tool for quality control and to address new product formulation across industries will continue to improve sales. With increasing adoption of viscometer in testing and certification agencies, demand in the market will continue to rise through the forecast period,” says a Future Market Insights analyst.

global viscometers market characteristics and attributes with regional relevance 2021

Competitive Landscape

The global viscometer market is considered to be moderately consolidated, with leading players accounting for nearly 3/5th of the market share. Penetration of small regional players will result in intense competition.

AMETEK Inc., Anton Paar GmbH, A&D Company, TA Instruments, Goettfert GmbH, Fann Instrument, Freeman Technology, Brabender GmbH, Cannon Instrument Company, Lamy Rheology Instruments, and Shanghai Nirun Intelligent Technology Co., Ltd among others are some of the leading players.

These players are adopting inorganic growth strategies such as partnerships, research & development activities, collaborations, acquisitions, technological advancements and innovations in order to capture a larger share in the market and strengthen their market presence.

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Viscometer Market by Category

By Equipment Type:

  • Orifice Viscometer
  • Capillary Viscometer
  • Falling Piston Viscometer
  • Rotational Viscometer
  • Falling Ball Viscometer
  • Vibrational Viscometer

By Sales Channel:

  • Offline
  • Online

By End User:

  • Industrial
    • Pharmaceutical
    • Industrial Oils and Lubricants
    • Paints & Coating
    • Food & Beverages
    • Petrochemicals
    • Cosmetics
    • Polymers & Rubber
    • Others (Research & Academician and Building & Construction Materials)
  • Testing & certification Agencies

By Region:

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

Viscometer Market Outlook in 2016-2020 Compared to 2021-2031 Forecast

Controlling the process parameters of materials, prior to production and post-production, has become necessary in various industries. Soaring concern regarding the maintenance of precise process parameters of desired materials has compelled industries to adopt novel measuring equipment such as modern viscometer.

What Is the Impact of COVID-19 on Viscometer Market?Unprecedented outbreak of COVID-19 had a major impact on global economic growth. Global viscometer market witnessed a substantial drop in demand during the FQ-20. As the production activities of most industries, including petroleum, food & beverage, and industrial oil & lubricants temporarily suspended, demand for viscometer manufacturing and sales declined.

Due to the global shutdown, manufacturing and production activities reached a sudden stand-still, resulting in slight drop in the market growth. Due to this, both high-cost and low cost producers of viscometers are anticipated to witness challenging mid-term growth market outlook.

Key Questions Answered in the Report

. At What Rate will the Europe’s Viscometer Market Grow during 2021 and 2031?

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Mechanical And Electronic Fuzes Market Assessment and Key Insights Analyzed Till 2027

Missiles, rockets, bombs, shells and other ammunitions form a vital part of the firing capacity of a military in modern warfare. Since these ammunitions are loaded with explosives, there is always a risk of explosion during storage, launching and handling. This requires the incorporation of some security gadgets into these ammunitions. The security system should work until the ammunition is propelled and after the launch, the firing mechanism should take control. In order to accomplish this, an arming mechanism is also required in the ammunition. All the above mentioned necessities are fulfilled by gadgets called fuzes. Fuzes are electronic or mechanical devices attached to ammunition to provide reliable and safe detonations at the desired time and place. These devices control safe separation of ammunition from the delivery platform and trigger its detonation.

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Basic functions of fuze are arming, safing, firing and target sensing. Mechanical fuzes have their safing, arming and firing mechanisms which mostly involves mechanical components, linkages and other mechanisms. Due to their simplicity and ease of conceptualization, mechanical fuzes were the earliest fuzes developed and are still used for many different types of ammunitions. Fuzes operated by mechanical devices make use of mechanical linkages like gears, springs, rotors, sliders and plungers or a combination of some of these. As a result of extensive safety requirements, mechanical fuzes have many components and are of a clockwork design.

There are certain factors that are of primary concern while designing mechanical and electrical fuzes. These include safety and resistance, deterioration in use, handling and storage, reliability of action, simple construction and adequate strength.As a result of extensive safety requirements, mechanical fuzes generally have many components and are of a clockwork design. The electronic fuzes were developed in mid1960’s and thereafter, there has been continuous development in this technology. Today, electronic fuzes are being used in many modern weapon systems and have replaced mechanical fuzes in many places.

Mechanical & Electronic Fuzes: Market Dynamics

The need for electronic fuze basically arises from the limitations of other existing fuze systems. The conventional mechanical fuzes contain all the necessary systems required for performing their functions efficiently. However, the intelligence integrated into electronic fuzes is absent from mechanical fuzes. Integration of electronics into fuze adds the required intelligence to the system and makes it more accomplished to do its job. This factor is primarily responsible for driving the growth of the electronic fuze market. There are some advantages of electronic fuzes over conventional mechanical fuzes.

First, proximity fuze action is possible only with electronic fuze. Second, a great practical advantage of this type of fuze over conventional time fuze is that it releases the gunner’s responsibility of fuze setting, which essentially means that the operator has to only ensure that ammunition passes within lethal range of the target; the fuze does the rest. Third, in comparison to mechanical fuzes, electronic fuzes are light-weight and compact. This gives extra space to fill the explosive. However, these additional features comes at the cost of complex design and susceptibility of electronic fuze to some environmental and working conditions. Electronic fuze design becomes more complex due to integration of electronic circuitry and its interfacing with mechanical sub-systems.

Mechanical & Electronic Fuzes: Market Participants

Examples of some of the market participants identified across the value chain of global mechanical & electronic fuzes market include:

  • JUNGHANS Microtec GmbH
  • Action Manufacturing Company,Inc.
  • Reshef Technologies Ltd.
  • MAXAM Corp Holding, S.L
  • Reutech Fuchs Electronics
  • DIXI microtechniques

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

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The report covers exhaust 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)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern 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.

Mechanical & Electronic Fuzes: Market Segmentation

Based on product type, the global mechanical & electronic fuzes market is segmented into the following:

  • Mortar Fuze
  • Artillery Fuze
  • Rocket Fuze
  • Aircraft Fuze
  • Others

Based on function, the global mechanical & electronic fuzes market is segmented into the following:

  • Impact Fuze
  • Time Fuze
  • Proximity Fuze
  • Combination Fuze
  • Command Fuze
  • Others

Based on application, the global mechanical & electronic fuzes market is segmented into the following:

  • Air-to-Air
  • Air-to-Ground
  • Ground-to-Air
  • Ground-to-Ground

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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