Tower Crane Market To Grow At Nearly 4.8% During 2021-2031

Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The report estimates global tower crane market to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade.

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The research report analyzes demand for tower crane. The global tower crane market has been analyzed upon covid-19 impact, macroeconomic factors, market trends & market background. As per FMI’s research scope, the market has been analyzed on the basis of applications, customers & regions. The report gives us qualitative and quantitative information on various players in this market. Also, this report tracks the market by both supply side and demand side.

Demand for tower crane waned in 2020, due to the recessionary effects of COVID-19 on the construction activities, resulting in retardation of new and rental sales of tower cranes However, barring a few countries, the construction activities has resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of Tower Cranes the market remains positive.

In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (FMI), offers insights about key factors fueling the demand for tower crane. The report tracks the global sales of tower crane in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the building and construction industry in general, and tower crane in particular.

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Key Takeaways from Tower Cranes Market Study
  1. Following negative returns amid COVID-19, the tower crane market is forecast to register a little below 4% Y-o-Y growth in 2021
  2. The U.S. will continue accounting for maximum sales in North America, holding over 85% of regional market share
  3. The U.K. market is likely to register 3.7% Y-o-Y growth in 2021 backed by recovering construction activities
  4. The demand from Germany and France will account for considerable sales within Europe
  5. China will emerge dominant in East Asia, while Japan and South Korea markets will continue exhibiting growth at a positive pace.

 “Increasing investment in commercial construction as well as in the construction of civic in recent years is expected to provide an impetus to tower cranes sales. Rental base sales will continue to have a greater weightage as against direct ownership based procurement. Competitive price offering, increase in end user satisfaction on the performance, use of advanced technologies are the key strategies adopted by manufacturers operating in the market,” says FMI analyst.

Compititive Landscape:

The tower crane market is moderately competitive, with presence of large number of players operating in the market. Some of the players are focusing to carve a niche for specific demography. The market has been benefiting from robust partnerships with high focus on innovations. This has led to a series of tower crane launches in the last few years.

For instance:

  • In 2020, Potain launched a tower crane focusing on home building and high-rise.
  • Comansa has recently launched the largest crane, called 21CM750, manufactured at its plant in Hangzhou.

Some of the leading companies operating in the market are:

  • Zoomlion Heavy Industry Science & Technology Company Ltd.,
  • Xuzhou Construction Machinery Group Co., Ltd.,
  • Liebherr,
  • Terex Corporation,
  • Manitowoc,
  • Sany Group,
  • Action Construction Equipments,
  • Konecranes,
  • Raimondi,
  • Comanasa S.A.

Facing challenges such as high cost of the equipment, setup time, and safety of the workers has always been one of the prime concerns of end users. Against this backdrop, some of the leading manufactures within the market are focusing on the development for enabling easy maneuverability of the tower cranes coupled with increasing the production capabilities.

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By Segment:

By Lifting Capacity

  • Up to 5 Tons,
  • 5 to 10 Tons,
  • 10 to 20 Tons,
  • 20 to 30 Tons,
  • 50 to 250 Tons.

By Design

  • Top Slewing,
  • Bottom Slewing.

By Product Types

  • Self-Erecting,
  • Hammer Head Cranes,
  • Luffing Jib Cranes,
  • Mobile Cranes.

By End-Use

  • Building & Construction,
  • Civic infrastructure,
  • Marine & Sea Ports,
  • Mining,
  • Others.

By Region

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

Some of them already have developed and launched advanced tower cranes in the market and several others are likely to follow the suit to keep pace with dynamic market environment. According to FMI’s analysis, tower crane sales have grown at 0.4% CAGR between 2016 and 2021.

Fire Extinguisher Market Grow CAGR of ~5.7% oOer Forecast Period 2021-2031

The demand for fire extinguishers is projected to surge with a projected CAGR of 5.4% by sales in volume (units). Increasing implementation of strict regulation by governments, particularly in developed economies like the U.S., certain countries in Europe, Japan, and Australia primarily in industrial and commercial spaces generate interest, owing to high-convenience products.

As per a Future Market Insights (FMI) analysis, the fire extinguisher market is projected to be valued at over ~US$ 3.6 Bn in 2021, expanding at a CAGR of ~5.7% over the forecast period of 2021-2031.

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Future Market Insights estimates that more than six out of ten fire extinguishers are sold in the commercial and industrial sectors. Leading companies are incorporating tech-driven manufacturing strategies to expand into the most challenging industrial areas, such as mining, oil and gas, and waste management, where the risk of fire loss is significantly greater.

Product design strategies are impacted by the need for fire extinguishers to survive extreme environments and extreme corrosion conditions in these end-user segments, which will support investments into R&D efforts.

Increasing regulations for building design codes in the residential sector will also generate gains in the coming decade. Moreover, manufacturers are investing in R&D activities to offer innovative and technologically advanced product offerings. These factors are expected to positively influence growth in demand for fire extinguishers during the forecast period.

Key Takeaways of the Fire Extinguisher Market Study

  • Carbon dioxide extinguishers will account for the leading market share of over 30%, on the back of easy access to raw materials and efficacy in fire control.
  • Dry chemical fire extinguishers are increasingly adopted, due to their superior efficiency in draught-free conditions.
  • Germany will emerge as a key market for fire extinguishers on the back of the implementation of stringent codes for ensuring better safety in buildings.
  • The U.S. dominates the North American market, accounting for over 80% of sales in the region.
  • China will lead the East Asia market, exhibiting a growth rate of over 6.5% CAGR through the assessment period.

 “With the ever-evolving requirements of the global construction industry, demand for fire safety equipment has grown rapidly. Fire extinguishers in particular, have been at the center of these developments in terms of economically feasible solutions. Innovative product offerings have been important for manufacturers to gain competitive benefits,” says an analyst of Future Market Insights.

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Competitive Landscape

Some of the key players in the market include but are not limited to Kidde, AMEREX CORPORATION, Hochiki Corporation, NAFFCO FZCO, DESAUTEL SAS, HATSUTA SEISAKUSHO Co. Ltd, Yamato Protec Corporation among others.

By Segmentation:

By Product Type

  • Water
    • Air-Pressurized Water
    • Water-Mist
  • Foam
    • Aqueous film-forming foam
    • Compressed air foam system
    • Others
  • Wet Chemical
    • Potassium Acetate
    • Potassium Carbonate
    • Potassium Citrate
  • Dry Powder
  • Carbon Dioxide
  • Dry Chemical
  • Others

By Fire Type

  • Class A
  • Class B
  • Class C
  • Class D
  • Class K

By End-Use

  • Residential
  • Commercial
  • Industrial
  • Public Areas
  • Others

Region

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

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Fire extinguisher manufacturers will experience increasing demand from various end-use sectors. Commercial sector applications will account for maximum demand in upcoming years due to investments in the sector in many countries. In addition, increased construction sector spending will further create market prospects. The segment is expected to generate an incremental opportunity worth US$ 1.2 Bn in the forecast period through 2031.

Foodservice Equipment Market At A Promising CAGR Of Over 5% During 2019 – 2029

Evolving food industry trends and changing dynamics of manufacturing and delivering methods in the foodservice industry are primarily shaping the market for foodservice equipment. Sales would multiply at a promising CAGR of over 5% during 2019 – 2029, as projected by a new Future Market Insights (FMI) report.

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Key Takeaways – Foodservice Equipment Market Study
  • Food tourism – a new global trend especially in millennials has played a vital role in driving interest in food experiences and has led to increase in the number of food tour companies. This increase will continue to push demand for professional foodservice equipment for proper food handling and hygiene.
  • Automatic, wireless, and aesthetic designs in foodservice equipment that fit in smaller floor spaces, and are amenable with rules set by regulatory bodies such as NSF, will gain more significance.
  • Emergence of equipment with multifunctional capabilities will weigh heavy on conventional models in the near future.
  • To gain an edge over competition and increase efficiency, restaurants and hotels are upgrading and replacing old foodservice equipment with convenient digital touch control foodservice equipment.
  • By eliminating the usage of natural resources, key players are focused on introducing new equipment with energy efficiency capabilities, leading to improved cooking and production time.
  • North America is projected to be a prominent regional market for foodservice equipment, owing to high demand for replacement and renovations, along with aftermarket parts and service offerings, especially in the U.S.

The demand for foodservice equipment is mainly defined by renovation activities and miniaturization of the equipment to fit in relatively small floor spaces. Product customization, with new space-saving installations in accordance with standards, rules, and codes will play an important role in the value chain of the market.

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Foodservice Equipment Market: Participant Insights

With more number of small-scale manufacturers having similar product offerings, the market structure would remain fragmented. Furthermore, the increasing number of players in the foodservice equipment market has been pushing manufacturers to include forward integration in terms of services and installation, by offering aftersales support. In terms of revenue, significant players such as Middleby Corporation, Welbilt, Ali Group S.r.l., ITW Food Equipment Group, AB Electrolux, Hoshizaki Electric Co., Ltd, Qingdao Haier Co., Ltd, and Rational AG together hold a significant share of market pie, backed by well-established sales networks and long-term partnerships with consumers.

Know More About Foodservice Equipment Market Report

The global foodservice equipment market report brings to fore an unbiased analysis of the global foodservice equipment market, contributing comprehensive information with historical demand data for 2014-2018, and forecast statistics for 2019-2029. Based on various categories such as equipment type, end use, sales channel, and region, the research study offers insightful aspects of the global foodservice equipment. A detailed value chain analysis regarding procurement, pricing analysis has been presented in the report.

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FOODSERVICE EQUIPMENT MARKET TAXONOMY

The global foodservice equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Equipment

  • Food Preparation Equipment
    • Slicers & Peelers
    • Mixers & Grinders
    • Food Blenders
    • Processors
    • Others
  • Drink Preparation Equipment
    • Drink Blenders
    • Juicers
    • Ice Crushers
    • Others
  • Cooking Equipment
    • Grills
    • Fryers
    • Ovens
    • Toasters
    • Others
  • Heating & Holding Equipment
    • Warmers
    • Merchandisers
    • Sauce Dispensers
    • Others
  • Refrigerators & Chillers
  • Baking Equipment
  • Merchandisers
  • Dishwashers
    • Semi-integrated
    • Fully-integrated
    • Countertops/Benchtop & Portables
  • Other F&B Service Equipment

End Use

  • Full Service Restaurant & Bars
  • Quick Service Restaurant
  • Indoor and Outdoor Caterers
  • Hotels & Resorts
  • Club Restaurants
  • Commercial Canteens
    • Institutions & Offices
    • Hospitals
  • Transportation
    • Airways
    • Ships
    • Railways

Sales Channel

  • Physical Stores
  • Online Platforms

Region

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

Europe Viscosupplementation Market is expected to register the highest CAGR of 6.7% during the forecast period

Growing prevalence of osteoarthritis, strong healthcare infrastructure and well established reimbursements are soaring the demand for viscosupplementation market. The Europe viscosupplementation market has been segmented by product type, end user and region.

Rising prevalence of knee osteoarthritis is fuelling demand for effective treatment therapies. Hyaluronic acid-based intra-articular injections have proved to be one of the most preferred choices of treatment for symptomatic knee osteoarthritis. Hyaluronic acid-based intra-articular injections restore normal viscoelastic properties of altered synovial fluid in the knee joint, delivering effective therapeutic effect. The ultimate goal of viscosupplementation is to increase the concentration of hyaluronate in the joints so to restore the altered synovial fluid present in the joints.

Future Market Insights (FMI) delivers key insights on the Europe viscosupplementation market in its upcoming report titled, “Viscosupplementation Market: Europe Industry Analysis and Opportunity Assessment, 2016-2026”. In terms of revenue, the Europe viscosupplementation market is projected to register a healthy CAGR of 5.1% during 2016-2026.

FMI’s report has segmented the market on the basis of product type, end user and region.

Based on product type, the market has been segmented into one injection viscosupplementation, three injection viscosupplementation and five injection viscosupplementation.

Single injection viscosupplementation product type segment is expected to emerge as the most popular segment over the forecast period, driven by better patient compliance as the treatment reduces the need for multiple hospital visits. The segment is expected to register the highest CAGR of 6.7% during the forecast period.

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Five injection viscosupplementation product type segment is expected to witness a decline in market share in terms of revenue from 29.0% in 2015 to 23.3% in 2026. This decline is attributed to more incidence of side effects and repeated patient visit requirements associated with five injection viscosupplementation. Reimbursement cutbacks and high injection costs are other factors that can curtail demand for five injection viscosupplementation.

By end-users, the market is segmented into hospitals, ambulatory surgical centres and orthopaedic clinics. Hospitals end-use segment is expected to witness significant demand for viscosupplementation, registering a CAGR of 4.3% over the forecast period. Better reimbursement options and increasing patient preference for single injection cycle for osteoarthritis treatment is expected to drive demand for one injection viscosupplementation in the orthopaedic clinics segment over the forecast period.

Europe Viscosupplementation Market Trends

Key trends in the viscosupplementation market are the use of single injection cycle for osteoarthritis treatment and introduction of new combination products in the market. For example, the product pipeline of major players in the viscosupplementation market involves combining corticosteroid injections, which help in relieving pain associated with osteoarthritis, with long-lasting effects of hyaluronic acid, which lasts for nearly six months. Further, regional competition within EU countries, especially in five injection cycle, is leading to entry of new market players. Europe is a mature market in terms of generic products and it is therefore relatively easier to obtain CE mark in Europe than it is to obtain the U.S. FDA approval.

Western Europe has been estimated to dominate the Europe viscosupplementation market in 2015, attributed to factors such as the presence of key regional players, strong distribution network and better healthcare infrastructure in the region.

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europe-viscosupplementation-market

Key Players in Europe Viscosupplementation Market

  • Anika Therapeutics Inc.
  • Sanofi S.A.
  • Zimmer Biomet Holdings
  • Meda AB
  • Ferring B.V
  • Fidia Pharmaceutici S.p.A
  • Bioventus LLC.

We have discussed individual strategies followed by these companies in terms of enhancing product designs, creating new manufacturing facilities, market consolidation and advanced R&D initiatives. The report concludes with key takeaways that could help players already present in the market and new players planning to enter the market in the long run.

Market Dynamics

Growth of the Europe viscosupplementation market is mainly driven by rising obesity rates and growing patient awareness about effective treatment therapies for knee osteoarthritis, coupled with macroeconomic factors such as high unmet patient needs and strengthening of distribution network by key players in the viscosupplementation market.  Other prominent growth drivers include rapidly growing medical technology industry and cost-effectiveness of the treatment. However, economic issues in some Eastern European countries and reimbursement cutbacks are expected to hamper overall growth of the viscosupplementation market in Europe over the forecast period.

Viscosupplementation devices are classified under Class III category in Europe and are considered high-risk devices. They require premarket approval from notified bodies, including private organisations recognised by the European Free Trade Association (EFTA).

Key Segments

  • Product Type
    • Single Injection Viscosupplementation
    • Three Injection Viscosupplementation
    • Five Injection Viscosupplementation
  • End User
    • Hospitals
    • Ambulatory Surgical Centres
    • Orthopaedic Clinics

 Key Regions/Countries

  • Western Europe
    • U.K.
    • France
    • Germany
    • Spain
    • Italy
    • Nordics
    • Rest of Western Europe

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  • Eastern Europe
    • Russia
    • Rest of Eastern Europe

Heat Recovery Steam Generator Market Is Poised To Grow At A 5.7% CAGR Through 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

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In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, due to rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

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Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

Top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

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Key Segments:

By Design Type: 

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

Neurointerventional Devices Market to grow at 7.8% CAGR and USD 5 billion in revenues by the end of 2030

Neurointerventional Devices Market – Outlook & Key Findings

  • Neurointerventional devices market to surge at 8% CAGR from 2020-2030
  • High incidence of brain aneurysm and associated neurological disorders to drive market growth
  • Faster patient recovery will accelerate coil embolization procedures in the long-run
  • Carotid stents shall capture a significant chunk of the market, attributed to rising number of carotid surgeries across prominent regions
  • Nanotechnology to play an influential role in endovascular intracranial aneurysms treatment
  • North America to witness maximum proliferation, with a market share exceeding 2/5th

A new report by Future Market Insights (FMI) expects global neurointerventional devices market to grow at 7.8% CAGR through 2030. According to the study, the market will reach USD 5 billion in revenues by the end of 2030.

Since the past several years, the burden of neurological disorders has increased multifold. According to the National Center for Biotechnology Information (NCBI), the frequency of cerebral aneurysm is nearly 3.2%, with the prevalence being higher amongst women than men above 50 years of age.

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It is estimated that around 6.5 million people in the United States possess an unruptured brain aneurysm, while 30,000 suffer a brain aneurysm rupture every year. Based on these trends, it is unsurprising to observe the market being interspersed with the presence of several reputed manufacturers who constantly launch new products.

In addition, rising prevalence of ischemic stroke is also boosting the neurointerventional devices market. Being non-invasive in nature, these devices increase chances of survival during surgery, further fueling market growth. By 2030, a valuation of US$ 4.8 Bn is predicted for the market.

Global Neurointerventional Devices Market- Key Takeaways

  • North America shall be the market hegemon, holding a 40.7% market share from 2020-2030
  • Embolic coils to capture the majority share, carotid stents to surge in popularity
  • High incidence of cerebral aneurysm to accelerate adoption of coiling procedures
  • Presence of experienced surgeons shall accelerate hospital-grade neurointerventional device adoption

COVID-19’s Impact on the Market

With respect to neurological disorders, several hospitals and clinics have reported complications in severely or critically ill patients with co-morbidities. COVID-19 has the potential to affect the central and peripheral nervous systems. The virus invades the brain either through the olfactory system or a hematogenous route. Once inside, the virus may cause hypoxic and metabolic abnormalities.

In this light, the neurointerventional devices market is poised to remain afloat in the near-term forecast period. Significant increases in mechanical thrombectomies were reported since April 2020, with majority of the patients seeking treatment for acute strokes from large vessel occlusions (LVOs).

A series of case studies on over 200 COVID-19 positive patients in Wuhan, China, 36.4% of patients exhibited neurologic symptoms such as acute cerebrovascular events, muscle injury and impaired consciousness. In this context, the market is poised to experience an adrenaline rush in the short-run.

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Competitive Intelligence

Some influential vendors within the landscape include: Stryker Corporation, Covidien Public Ltd., Penumbra Inc., Terumo Corporation, Johnson & Johnson Private Limited, Medtronic PLC, Boston Scientific Corporation and Abbott.

Players are emphasizing on expanding their businesses through partnerships, collaborations and mergers & acquisitions and participation in trade fairs. Many of them are also aligning with research institutes to augment their research capacities.

In August 2020, Stryker Corporation successfully launched its Surpass Evolve flow diverter after receiving FDA clearance in the U.S market. The device has already been in use in Europe since 2019.

In September 2020, Penumbra Inc. shall participate in the virtual Global Embolization Symposium & Technologies 2020 Conference. The company hopes to broaden its outreach and collaborate with other leading players to develop and launch new neurointerventional devices, thus expanding its existing product portfolio.

Key Segments Covered

Product

  • Embolic Coils
  • Intracranial Stents
  • Carotid Stents
  • Thrombectomy Devices
  • Intrassacular Devices
  • Balloons
  • Embolic Protection Devices
  • Liquid Embolics
  • Stent Retrievers

Technique

  • Neurothrombectomy Procedures
  • Cerebral Angioplasty
  • Stenting
  • Coiling Procedures
  • Flow Disruption

End User

  • Hospitals
  • Ambulatory Surgical Centers

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Region

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

Bioimpedance Spectroscopy Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2031

According to the latest research by Future Market Insights, Bioimpedance Spectroscopy Market is set to witness a 9.3% growth during the year 2021-2031. The market has been a highly competitive market growing at a rapid rate and is expected to witness lucrative growth with the rapid increase of the number of obese population because of the unhealthy dietary patterns and sedentary lifestyles. Also, technological advancements and rise in government initiatives to encourage physical activity are the primary factors boosting the growth of this market.

What is Driving Demand for Bioimpedance Spectroscopy?

There are several factors that are boosting the market growth, that include increasing prevalence of metabolic disorders and a large pool of obese patients, rising awareness for health and fitness, and technological advancements.

In addition, key market players have likewise developed Bio-electrical Impedance Analysis (BIA) that is a non-invasive tool utilized by physicians to calculate the percentage of body fat.

Besides this, because of the current spread of coronavirus disease (COVID-19) worldwide, governments of different nations are investing in the development of healthcare infrastructure that is additionally creating a great demand for medical devices, which in turn drives the market of Bioimpedance spectroscopy.

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Increasing Pool of Obese Patients Likely to Fuel the Bioimpedance Spectroscopy Sales

The growing number of obese population is expected to boost demand for bioimpedance spectroscopy. Obesity is a metabolic disease and is mostly related with a broad range of chronic diseases, which can lead to significant growth in comorbidity and mortality. There is a rise in the percentage of obese population in involved in regular testing of body composition.

As per the data from World Obesity Federation, in 2018, the occurrence of obesity was very high in developed and high-income countries, like the United States at 42.8%, Belgium at 21.20%, and Australia at 31.3%. Yet, nations in the Pacific islands such as American Samoa (74.6%) likewise have some of the highest obesity rates across the world. The sales of bioimpedance spectroscopy have observed a rising pattern because of the obese population’s susceptibility to lifestyle disorders.

US and Canada Bioimpedance Spectroscopy Market Outlook

North America, majorly United States and Canada held the highest market in the Bioimpedance spectroscopy market. U.S. Bioimpedance spectroscopy market will witness significant growth due to rise in the obesity rates, rise in the number of health clubs and fitness centers and rise in the investments made by different governments.

Moreover, the presence of appropriate reimbursements in these countries will add to increase in acceptance of chronic illnesses appendicular lean mass. Also, growing prevalence of chronic diseases, particularly diabetes, is the key driver for US and Canada market development.

Europe Demand Outlook for Bioimpedance Spectroscopy

Europe is second-biggest market and is anticipated to register a significant growth because of the growing in aging population and the shift towards unhealthy lifestyle which leads to chronic diseases thus increasing the demand for bioimpedance spectroscopy.

The increase of the old age population will increase the demand for the body composition analyzers and this will in turn lead to the growth of the market. As per the United Nations report, in 2019, the number of the people in the world over 65 years of age or old age people is 703 million, contributing 13 per cent of global population. Europe has the highest percentage for geriatric population or people aged over 65 years of age (almost 25 per cent).

Who are the Key Manufacturers and Suppliers of Bioimpedance Spectroscopy?

Some of the leading manufacturers and suppliers of Bioimpedance spectroscopy include

  • Omron
  • Tanita
  • SMT Medical
  • Cerebrotech Medical Systems
  • ImpediMed
  • Bodystat
  • Selvas AI
  • Maltron International
  • Fresenius Medical Care
  • General Electric and others.

The Bioimpedance spectroscopy market is highly competitive, with the existence of a major players available in global markets, and various small participants in specific regional markets. In addition, a strong focus on the strategic development of their product portfolio through acquisitions & partnerships is projected to provide a strong position to the players in the market.

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United Arab Emirates
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Stress Tracking Devices Market Perspective, Comprehensive Analysis, Growth and Forecast 2021-2031

According to the latest research by Future Market Insights, Stress Tracking Devices Market is set to experience positive growth during the year 2021-2031. The global stress tracking devices is witnessing demand every year as stress become apparent each year.

Prolong stress is known to have a negative impact on individuals. Therefore, the ability to track stress levels on convenient wearables or mobile devices can be very important.

Fitbit Sense will be the first wearable to track stress through electrodermal activity.

In 2021, a growing number of wearables will be tracking stress. Even before the Covid-19 pandemic, the majority of Americans reported experiencing daytime stress and nearly half said they felt they were worried about a lot. Covid-19 pandemic is only exacerbating stress levels.

Some leaders in the health-tech space, including Garmin, Whoop, Samsung Health and Oura, have previously used heart rate data to track stress levels.

What is Driving Demand for Stress Tracking Devices Market?

According to a recent study conducted at ITOnline, 66% of respondents use mobile apps to manage their health. A closer look at the study revealed that 79% of respondents were willing to manage their health through wearable devices.

It is expected to increase in number as the FDA encourages the development and use of mobile apps and stress tracking devices to improve healthcare and provide valuable health information to healthcare professionals.

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CardioChip (NeuroSky), the world’s smallest ECG chip, it contains an easy-to-use SDK that allows it to adapt to use in any wearable device.

According to Tracker IDC, about 5% of wear shipped worldwide last year came from Fitbit, below Apple’s 32% share. Aiming to challenge Apple together, Google agreed to buy the Fitbit in November 2020 for $2.1 billion.

Released in December 2020, Cove tracks stress via heart rate to a device that wraps around the back of the head, vibrates quietly from behind the ears, soothes the wearer and promotes better sleep. The vibration frequency of Cove was designed to stimulate nerve endings in the skin, activate the posterior insular cortex of the brain, and relieve stress.

Increasing Incidence of Stress Likely to Augment Stress Tracking Devices Sales

Some of the most common stressors, like money, work and family responsibilities, never change. However, in 2020, a number of new contenders appeared, including the Covid 19 pandemic, the controversial political atmosphere and more.

According to the American Psychological Association, 2020, about one-third of the world’s population reported feeling stressed, anxious or angry. About eight out of ten Americans reported that the coronavirus (COVID19) has induced stress.

According to The American Institute of Stress, It is estimated that U.S. industry spends more than $ 300 billion annually due to absenteeism, turnover, and reduced productivity, medical, legal and insurance costs due to work stress. Stress costs businesses an estimated $125 billion to $190 billion in additional health

U.S. And Canada Stress Tracking Devices Market Outlook

It is estimated that stress causes $300 billion in losses to the U.S. economy every year. According to a June 2015 study by the New York University Langone Medical Centre, more than 50% of smartphone users in the United States have downloaded health-related applications to their devices.

With the popularity of such health monitoring technologies, successful developers must ensure that their products continue to evolve to meet consumer needs and standards. Stress is affecting productivity in the workplace and is leading to an increase in sick and long vacations. Although stress can cause chaos in the professional world, it can also affect people’s personal lives and overall physical and mental health.

Europe Demand Outlook for Stress Tracking Devices

Work pressure is common throughout Europe. Ineffective work control between people is the main source of pressure, and the negative geopolitical situation in Europe threatens stability issues.

In Europe, according to data from the WHO, nearly 83 million of the European adult population are affected by mental disorders each year, and the proportion of women is higher than that of men. This means high demand for stress and anxiety devices. The market is witnessing the integration of artificial intelligence technology into test solutions to improve functionality.

Who Are The Key Manufacturers And Suppliers of Stress Tracking Devices Market?

Some of the key players operating in the stress tracking devices market are

  • Oura Health Oy.
  •  WHOOP
  • NeuroSky
  • Garmin Ltd
  • Fitbit Inc.
  • Apple Inc.
  • SAMSUNG
  • Pebble Technology Corp.
  • Google Inc.
  • Xiaomi Technology Co. Ltd.
  • Jawbone and Nike.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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RNA-Targeted Small Molecules market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2031

According to the latest research by Future Market Insights, RNA-Targeted Small Molecules Market is set to witness a 6.6% growth during the year 2021-2031. The market is a fragmented market growing at a slow rate and is anticipated to witness lucrative growth with the rising use of methodologies by major players; the market is projected to grow over the forecast period.

What is Driving Demand for RNA-Targeted Small Molecules

Factors such as development in genome mapping programs, the rising innovative developments, and increasing applications are anticipated to boost the market growth.

Moreover, technological advancements help in the market development. Technological developments has assisted analysts to collect vital information about public health and epidemiology studies, to sequence viruses and bacteria and help find causes that might add to the virulence.

Furthermore, the market is boosted by the advantages of rising number of mRNA-sequencing grants; mRNA-sequencing over traditional technologies; quick development in the precision medicine market; and increasing amount of research including RNA-seq.

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Growing Number of Cancer Cases, likely to Boost RNA-Targeted Small Molecules Sales

Cancer is one of the leading cause of death across the world. As per the American Cancer Society, around 1.8 million new cancer cases were diagnosed and around 606,520 cancer deaths occurred in 2020, in the United States. Hence, rising burden of a wide range of diseases among people, worldwide, is expected to boost the demand for the market.

There has been an increase in the utilization of advanced technologies, like combinatorial chemistry, bioinformatics, and high throughput for better drug candidate detection.

US and Canada RNA-Targeted Small Molecules Market Outlook

The US and Canada RNA-Targeted Small Molecules market is projected to observe a robust growth in the market due to the rise in presence of several cancer-relief organizations and campaigns in the US and Canada.

In addition, US has high opportunities for biosimilars, because biologics hold higher price. By 2021, the US market is expected to be one of the main competitors of biosimilars.

Moreover, beneficial government initiatives and upsurge in number of research partnerships are few of the factors projected to upsurge market growth.

Europe Demand Outlook for RNA-Targeted Small Molecules

Europe is anticipated to be second most lucrative region for market due to various factors.

The growing patient pool results into a high rate of RNA-targeted small molecules adoption due to the growing number of cancer patients.

In addition, rise in cancer patients, focus on merger and acquisition and funding by the governmental bodies by several major manufacturers is anticipated to lead to RNA-targeted small molecules market growth.

Who are the Key Manufacturers and Suppliers of RNA-Targeted Small Molecules

Some of the leading manufacturers and suppliers of RNA-Targeted Small Molecules include

  • AstraZeneca,
  • Pfizer,
  • Bentham Science,
  • PharmTech,
  • Nymirum Inc.,
  • Accent Therapeutics,
  • Anima Biotech Inc.
  •  Expansion Therapeutics
  • Bristol-Myers Squibb,
  • Novartis and others.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Patient Hygiene Aids Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2031

According to the latest research by Future Market Insights, Patient Hygiene Aids Market is set to experience 6.5% growth during the year 2021-2031. Patient hygiene refers to the practice of maintaining cleanliness of the patient. It includes of sanitizing, washing and cleaning.

The upliftment of maintance of patient hygiene is one of the primary factors leading towards the growth if the global patient hygiene aids market.

What is Driving Demand for Patient Hygiene Aids Market

Hygiene is a series of role performed to preserve health and prevent spread of diseases. Patient hygiene aids market includes of bathing regularly, handling foods, washing hands and sexual cleanliness. Some practices are gender specified. Furthermore, increasing opportunities in developing economies also form a lucrative opportunity for the market upliftment.

Moreover, growing patient hygiene aids health expenditure is also driving the demand for Patient Hygiene Aids Market sales.

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Growth in disposable income is Likely to Augment Patient Hygiene Aids Market

Increment in the disposable income also with growing health expenditure in patient hygiene aids market is like to augment the market growth.

Furthermore, growing awareness among people in developed region for enhancement of quality and health of life is attributed to drive the demand for patient hygiene aids market.

For instance, according to National Health Expenditure there was 4.6 % increment in U.S. for patient hygiene aids.

U.S. and Canada Outlook

U.S. and Canada are expected to have the highest share and therefore will dominate the Patient Hygiene Aids Market. This region is showing momentous growth over the forecast period.

Growing technological advancements and increasing population base along with growing disposable income will further augment the market growth in patient hygiene aids market in this region.

For instance, growing population along with increasing acceptance of personal hygiene have further lead to the increased usage of hygienic products and therefore significantly drive the patient hygiene aid market.

Europe Demand Outlook for Patient Hygiene Aids Market

The European market for Patient Hygiene Aids Market is estimated to grow at a considerable rate during the forecast period.

This surge is due to economic development, expansion in healthcare infrastructure and also increasing initiatives by public and private organizations for awareness about the patient hygiene aids in this region is like to augment the Patient Hygiene Aids Market.

Moreover, increase in availability of hygienic products to proliferate the consumption of patient hygienic aids is the major of the major factor driving the Patient Hygiene Aids Market in this region.

Who are the Key Manufacturers and Suppliers of Patient Hygiene Aids Market

Some of the key players operating in the Patient Hygiene Aids Market are

  • Syndy Pharma,
  • 3M,
  • Johnson & Johnson,
  • HARTMANN,
  • Unilever,
  • P&G,
  • Colgate-Palmolive Company,
  • B. Braun Melsungen,
  • Kimberly-Clark Corporation,
  • and Reckitt Benckiser Group.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com