Global Rivet Gun Market Predicted to Surpass US$ 799.9 Million Valuation by 2028, Fueled by an Average 6.1% CAGR | FMI Analysis

The global rivet gun market anticipates reaching a valuation of US$ 799.9 million by the culmination of the forecast period in 2028. This trajectory is propelled by a robust Compound Annual Growth Rate (CAGR) of 6.1%, showcasing sustained and substantial growth that surpasses conventional expectations.

The pivotal factor driving this narrative is the orchestrated interplay of various elements contributing to this ascent. Chief among them is the escalating demand for pneumatic rivet guns. Acknowledged for their efficiency and precision, these tools occupy a central role in this synergistic ensemble. Their escalating popularity has cemented their status as indispensable instruments for industries aiming to streamline production processes, thereby making noteworthy contributions to contemporary manufacturing practices.

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Evolving Landscape: Concentration, Preferences, and Demand Trends in the Rivet Gun Industry

The rivet gun sector remains characterized by a notable level of concentration, with dominant players commanding a substantial share of market revenue. As the demand for power tools continues to evolve, manufacturers are diligently developing equipment that embodies high power output, durability, and user-friendly attributes.

Despite the growing demand for battery-driven and pneumatic rivet guns, it is projected that manual or hand-operated rivet guns will maintain their dominance, accounting for over half of all rivet gun sales during the envisioned period, as outlined by the FMI report.

Manual and hand-operated rivet guns, owing to their lower cost, maintain a comparatively smaller revenue share than their pneumatic and battery-driven counterparts, according to FMI’s pricing study. However, the augmented functional efficiency exhibited by pneumatic and battery-powered rivet guns is expected to contribute to their increased demand across diverse sectors.

The need for pneumatic rivet guns is poised to experience continued growth, as highlighted by the FMI report. In 2018, pneumatic rivet guns accounted for over half of the global revenue in this domain. The surge in sales of pneumatic rivet guns can be attributed to their enhanced functional efficiency and reduced time consumption.

Distribution Dynamics and Regional Trends in the Rivet Gun Market:

In 2018, traditional offline distribution channels played a pivotal role, constituting more than 60% of the total rivet gun sales. The FMI study underscores that the reliability associated with such purchases continues to attract end-users. Moreover, the firm grip maintained by distributors in the offline domain further fuels the heightened sales of rivet guns through this channel.

The study also illuminates the escalating trend of rivet gun sales through online distribution platforms. Anticipated to grow at an impressive 4.8% year-on-year in 2019, this trajectory is projected to persist. The surge in popularity and the augmented reliability of online sales platforms are the key drivers behind this growing preference.

The demand for rivet guns demonstrates its stronghold in North America and Western Europe, jointly commanding over 40% of the total sales in 2018. The thriving end-user industries in these regions remain instrumental in propelling the revenue stream of the rivet gun market.

Amidst the backdrop of rapid urbanization, infrastructural advancement, and an improving economic landscape, demand for rivet guns is set to surge in developing economies. The FMI study projects significant growth in demand across India, China, and the Southeast Asia & Pacific region.

Key Players:

Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.

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Rivet Gun Market: Segmentation

On the basis of product type:

  • Pneumatic Rivet Guns
  • Manual or Hand Operated Rivet Guns
  • Battery Operated Rivet guns

On the basis of capacity:

  • Light duty Rivet Guns (less than 3mm)
  • Medium duty Rivet Guns (3-5 mm)
  • Heavy Duty Rivet Guns (> than 5mm)

On the basis of operation type:

  • Pop Riveting
  • Slow Hitting
  • Fast Hitting

On the basis of distribution channel:

  • Online Sales
  • Offline Sales (Retailers, Distributors)

On the basis of end use:

  • Automotive & Transportation
  • General Manufacturing
  • Electronics
  • Building & Construction
  • Others

On the basis of region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East & Africa
  • China
  • India
  • Japan

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analyses Global Solar Shading Systems Market Set to Cross US$ 5.72 Billion Milestone by 2032, Driven by a Steady 3% CAGR Growth

The global solar shading system market aims for a consistent Compound Annual Growth Rate (CAGR) of 3% until 2032. From its valuation of US$ 3.9 billion in 2022, the market is forecasted to attain a robust US$ 5.72 billion by 2032.

This narrative of progression extends beyond numerical forecasts, encapsulating the increasing acknowledgment of the multifaceted benefits offered by solar shading systems. These systems have garnered significant attention for their unique capability to harness solar energy while effectively mitigating heat radiation intrusion into residential and commercial spaces. This dual functionality not only enhances energy efficiency but also elevates overall comfort levels, rendering solar shading systems an appealing choice for architects, builders, and property owners alike. The market’s trajectory underscores a dedication to sustainable practices and the adoption of energy-efficient solutions within the built environment.

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Embracing Efficiency: The Surging Adoption of Solar Shading Systems

In recent years, the popularity of solar shading systems has surged significantly, primarily attributed to their unique ability to store and utilize energy while concurrently preventing the intrusion of heat radiation into both residential and commercial spaces. A pivotal feature of these systems lies in their incorporation of adjustable heat-reflecting louvers, a factor that drives the widespread adoption of solar shading solutions. These advanced louvers play a crucial role in shielding buildings from overheating, thereby enhancing energy efficiency and comfort.

Innovative and efficient approaches to space shading are becoming key drivers behind the global surge in market sales. The spectrum of environments adopting solar shading systems is expanding, encompassing airports, railway stations, shopping malls, tourist destinations, and beyond. Additionally, growing apprehensions regarding global warming have spurred both individual consumers and owners of commercial spaces to install solar shading systems.

The upswing in smart city initiatives worldwide, coupled with the promising prospects of the service industry, is poised to fuel a heightened demand for solar shading systems. The burgeoning carbon footprint of the industrial sector and the increasing strain on energy grids have prompted commercial establishments to invest in solar shading systems and associated smart devices. Simultaneously, the rise in smart home construction and the demand for innovative architectural solutions further bolster the solar shading system market’s growth trajectory.

Illuminating Insights: Trends and Prospects in the Solar Shading Systems Market:

  • The surge in investment towards enhancing home aesthetics is set to propel sales within the global solar shading systems market in the forthcoming years.
  • The prevalence of smart home and advanced architectural concepts is poised to fortify the growth trajectory of the solar shading system market.
  • Over the period spanning 2018 to 2027, North America is anticipated to secure approximately 30.6% of the total global market share for solar shading systems.
  • The Asia Pacific region is poised to emerge as a highly lucrative market, attributed to the escalating number of smart city initiatives in countries like India and China.
  • The commercial application sector is projected to be a significant driver, fostering substantial demand across the entirety of the solar shading system market.

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Competitive Landscape:

WAREMA Nederland B.V., Glasscon GmbH, Thermosash, Alumet, InSync Solar, LINAK, Insolroll Controller, Alliance Shadin, SWFcontract, and Glazing GmbH, among others, are some of the significant players in the solar shading systems market profiled in the full version of the report.

In a competitive market, prominent market players are keen on offering automated systems in collaboration with integrated service providers. A few of these participants are including installation services coupled with the provision of aftersales services such as maintenance and repair activities. Product development and improving product quality are certain other tactics employed by these businesses to gain a competitive advantage.

Solar Shading System Market: Key Segments

By Application Area:

  • Residential
  • Commercial
  • Industrial

By Component Type:

  • Aluminum-based
  • Fabric-based
  • Others

By Technology:

  • Battery Powered
  • Manual
  • Smart Power Source

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Aircraft Sequencing Systems Market Predicted to Surpass US$ 10.94 Billion Valuation by 2032, Driving an Impressive 11.5% CAGR Growth

The aircraft sequencing system market is poised to achieve a valuation exceeding US$ 10.94 billion by 2032. A recent comprehensive analysis conducted by Future Market Insights reveals an impressive 11.5% Compound Annual Growth Rate (CAGR) for the global aircraft sequencing systems market from 2022 to 2032. This robust growth trajectory is propelled by the rapid proliferation of air travel and the continuous evolution of the global air trade landscape.

However, amidst the burgeoning air traffic, challenges have surfaced for both aircraft sequencing systems and air traffic control systems. Effective aircraft sequencing at airports is influenced by numerous factors, including the approach angle of an aircraft during landing, runway availability, and prevailing weather conditions. Aircraft sequencing systems play a crucial role in addressing these challenges, offering a plethora of benefits such as minimizing delay times, enhancing safety measures, and optimizing air traffic control operations. This surge in growth underscores the market’s commitment to surmounting complexities in air travel management, ensuring operational efficiency, safety, and optimal performance.

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Driving Forces: Thriving Global Trade and Business Ties

The worldwide surge in trade activities and international business collaborations is projected to serve as a driving force behind the accelerated adoption of aircraft sequencing systems. As air traffic is poised to surge during the forecast period, facilitated by growing world trade connections involving nations such as the US, UK, UAE, Kuwait, China, India, South Africa, Brazil, and more, the demand for effective aircraft sequencing systems will be amplified.

Promising Growth on the Horizon for Asia Pacific’s Aircraft Sequencing System Market:

The aircraft sequencing system market in the Asia Pacific region is poised for promising growth in the impending years. This trajectory is fueled by the proactive efforts of swiftly developing economies like China and India, as they ramp up their investments in aviation. The augmentation of aviation spending is expected to catalyze advancements in this sector. Furthermore, the escalating trade activities involving prominent Asian nations including Australia, Singapore, and Malaysia, among others, will wield significant influence, propelling the expansion of the aircraft sequencing system market across the APAC region.

MEA Region Set for Lucrative Prospects:

The Middle East and Africa (MEA) region is anticipated to offer lucrative prospects in line with the flourishing tourism industry that characterizes the area. Additionally, the escalating investment in military airports and the increasing utilization of airfreight transportation will inherently bolster aircraft utilization in the MEA region. This, in turn, will significantly contribute to the revenue growth of the aircraft sequencing system market within MEA.

Emergence of Long-Term Contracts as a Competitive Trend in the Aircraft Sequencing System Market Landscape:

In the dynamic arena of the aircraft sequencing system market, a notable trend is taking shape – the rise of long-term contractual agreements. According to an insightful analysis by FMI, a spectrum of industry participants engages in this market globally. Among them are prominent names like Harris Corporation, Amadeus IT Group SA, ATRiCS Advanced Traffic Solutions GmbH & Co. KG, Thales Group, Eurocontrol, Airtopsoft (Transoft Solutions Inc.), PASSUR Aerospace, Collins Aerospace (United Technologies), ADB SAFEGATE (Carlyle Group), and Copperchase Limited.

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Key Segments for the Aircraft Sequencing System Market:

By Component:

  • Software
  • Services

By Type of Airport:

  • Domestic
  • International

By Application:

  • Commercial
  • Military
  • Training Institute

Regions Covered in the Aircraft Sequencing System Market Report:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Image Based Barcode Reader Market Anticipated to Grow at a 7% CAGR Upto 2030, Fueled by Convergence of Technology and Commerce

The image-based barcode reader market forecasts a Compound Annual Growth Rate (CAGR) of 7% until 2030. This growth trajectory is propelled by the widespread integration of highly advanced smartphones across society, ushering in a new era of application-driven retail solutions. QR codes and barcodes, once primarily used for inventory management, are now becoming invaluable assets for captivating consumers through innovative marketing strategies.

In today’s competitive business landscape, companies are actively harnessing the vast potential of image-based barcodes. These dynamic codes have evolved into compelling focal points within marketing initiatives, effectively bridging the gap between physical and digital realms to provide consumers with immersive and interactive experiences. Consequently, businesses are leveraging this technology to craft engaging campaigns that deeply involve customers in their brand narratives.

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Advancing Sensor Technology: A Catalyst for Market Growth

The rapid evolution of sensor technology is poised to drive substantial growth in the market. Fueled by innovative developments such as the High-Powered Integrated Torch (HPIT) image creation system, propelled by high-speed liquid lens technology and Time-of-Flight (ToF) distance measurement, the landscape is witnessing a tangible transformation. This system’s prowess lies in its ability to facilitate dynamic autofocus at impressive frames per second (FPS).

Emerging image-based barcode readers are now equipped with the HPIT feature, revolutionizing applications in high-rate tunnel sortation and warehouse handling. These scenarios often involve varying product dimensions and packages, necessitating the camera’s swift adaptation to diverse focal ranges.

Distinguished by its superior illumination capabilities, the HPIT light proves optimal for fixed-position image-based barcode readers. It serves as a perfect solution for deciphering challenging barcodes, facilitating presentation scanning, and addressing scenarios characterized by fluctuating working distances. This innovative solution harnesses high-rate autofocus technology and integrates distance sensors to deliver exceptional 1D and 2D code image creation, further augmented by 16 programmable LED lights. As sensor technology continues to evolve, it illuminates a path of progress, enabling dynamic applications across diverse sectors.

Prospects of the Image-Based Barcode Reader Market and Noteworthy Insights:

  • The image-based barcode reader market is poised to unfold at an impressive 7% CAGR, charting its course through 2030.
  • As of 2019, North America stood strong as the market leader, commanding 28% of the value share.
  • In the face of pandemic-induced slowdowns and an 80% drop in volume share, notably observed in countries like China, the market is forecasted for recovery by the year 2021.
  • The Information and Communication Technology (ICT) sector’s expenditure, totaling $689 billion in 2020, is projected to further enhance the market’s prospects for image-based barcode readers.

Know More about Image Based Barcode Reader Market:

Delve into the in-depth insights of the global image-based barcode reader market through a comprehensive market research report recently released by Future Market Insights (FMI). This report offers an extensive exploration of market demand trends and opportunities across the forecast period. The analysis spans seven distinct segments, encompassing imaging type, product type, end use, technology, connectivity, sales channel, and region. With a focus on key market dynamics, life cycle analysis, and cutting-edge manufacturing technologies, the report also evaluates pricing strategies. Additionally, it sheds light on the adoption of image-based barcode readers across diverse end-use industries.

FMI’s meticulous report furnishes an invaluable understanding of the evolving landscape, empowering stakeholders to make informed decisions in the dynamic realm of the image-based barcode reader market.

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Key Segments Covered:

Imaging Type:

  • 1D Image/Code Scanning
  • 2D Image/Code Scanning

Product Type:

  • Portable/Handheld Scanners
  • Rugged Scanners
  • PDS Scanners
  • Smart Phones
  • Automatic Readers
  • Cordless Scanners
  • Fixed-Position Scanners
  • Stationery Scanners
  • Presentation Scanners

End-Users:

  • Retail and Commercial
  • Manufacturing
  • Automotive
  • F&B
  • Semiconductors
  • General Manufacturing
  • Others
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defense
  • Others

Technology:

  • S Mounted Lens
  • C Mounted Lens
  • Autofocus/Liquid Based Lens

Connectivity:

  • USB
  • Bluetooth
  • Wi-Fi
  • PoE (Power over Ethernet)

Sales Channel:

  • Online
  • Offline

Region/Country:

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

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Non-Destructive Testing (NDT) Inspection Services Market Projected to Surpass US$ 19.3 Billion by 2032, Driven by a Decent CAGR of 7.7%

The global Non-Destructive Testing (NDT) inspection services market is poised for substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) projected to exceed 6% from 2020 to 2030. This significant expansion is attributed to the influential impact of automation, a response to the manufacturing sector’s increasing demand for faster and more efficient processes.

Non-Destructive Testing (NDT) services have emerged as transformative assets across diverse industries, providing invaluable insights that enhance operational stability and reliability. Future Market Insights, a prominent authority in market research, anticipates exponential growth in the NDT Inspection Services sector. This surge is predominantly fueled by ongoing repair and maintenance activities in the transportation sector, spanning both developing and developed nations. These initiatives underscore the critical necessity for precise flaw detection, emphasizing the indispensable role of NDT inspection services in ensuring operational integrity.

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NDT Inspection Services: Safeguarding Rail Transportation

Non-Destructive Testing (NDT) Inspection Services are poised to assume a pivotal role within the realm of rail transportation services. Their significance lies in their ability to pinpoint areas requiring improvement and correction, ultimately ensuring the safety of a large number of passengers in a single instance. The ability to identify defects and preempt failures is expected to fuel the demand for NDT Inspection Services, particularly in developing economies where train derailments and accidents are unfortunately frequent occurrences.

The European data underscores the gravity of the situation, revealing that in 2018, railway accidents resulted in 885 fatalities and 750 individuals suffering serious injuries. In the United States, the Department of Transportation reports an alarming statistic: approximately 5,000 train-car collisions transpire annually at railroad crossings, leading to around 10% of these incidents resulting in fatalities. These stark figures underscore the presence of critical flaws within the rail transportation infrastructure, encompassing issues such as malfunctioning signals, defective tracks, and mechanical failures. It is in addressing and rectifying these issues that NDT Inspection Services play an indispensable role, contributing significantly to the enhancement of safety standards within the rail transportation sector.

Global Non-Destructive Testing (NDT) Inspection Services Market: India and China as Manufacturing Hubs

The global Non-Destructive Testing (NDT) inspection services market is poised for substantial growth in the foreseeable future. The Asia Pacific region, home to manufacturing powerhouses India and China, is expected to offer remarkable opportunities for market expansion. Both India and China are on the verge of significant developments across various sectors, driving the demand for NDT inspection services.

India, in particular, is witnessing a booming medical tourism industry. This growth is anticipated to stimulate demand for reliable medical instruments, necessitating comprehensive NDT inspection processes before these instruments can be commercialized. The rigorous testing ensures the quality and safety of medical devices, aligning with the global standards.

In China, the thriving automotive industry is experiencing a surge in the adoption of NDT inspection services. Maintaining the highest standards of quality in automotive products is essential, and NDT plays a critical role in achieving this.

However, it is worth noting that recent shifts in manufacturing dynamics, with some investors retracting from China’s manufacturing landscape, raise questions about the future trajectory of this segment within the NDT inspection services market. The evolving landscape presents both opportunities and challenges, and its unfolding will be closely monitored by industry stakeholders.

Key Players:

  • Fischer Technologies Inc.
  • General Electric
  • Nikon Metrology NV
  • Yxlon International GmbH
  • Sonatest Ltd
  • Eddyfi Technologies
  • Zetec Inc.
  • Bureau Veritas
  • Duemme SpA
  • Element Material Technology Holding
  • Geecy Apave Pvt. Ltd.
  • Olympus Corp
  • Mistras Group
  • Ashtead Technology Ltd.
  • British Engineering Services Limited
  • Industrial Radiographic Inspection Co.
  • National Technical Systems, Inc. (NTS).

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Market Segmentation Analysis:

Offering Type:

  • Non-destructive Testing Services
  • Non-destructive Testing Equipment

Test Method:

  • Visual Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy Current Testing
  • Ultrasonic Testing
  • Radiograhic Testing

Industry Vertical:

  • Oil & Gas
  • Manufacturing
  • Aerospace and Defense
  • Construction
  • Automotive
  • Power Generation
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Headspace Gas Analyzers Industry is expected to grow at an 8.5% CAGR and reach US$ 179.88 Million by 2033 | According to FMI

Global Headspace Gas Analyzers Industry
Global Headspace Gas Analyzers Industry

The Global Headspace Gas Analyzers Industry is on track for significant expansion, according to recent market research. The market, projected to reach a valuation exceeding US$77.66 million by 2023, is experiencing a remarkable surge fueled by the growing demand for in-process monitoring within various industries.

The pharmaceutical industry is experiencing a paradigm shift, marked by an increased emphasis on in-depth monitoring at every stage of production. The need for robust quality control measures has never been more critical, with the market witnessing the introduction of numerous new drug products and container systems. As the industry evolves, ensuring precise and reliable gas analysis becomes paramount to maintaining product safety and efficacy.

One of the driving forces behind the surge in demand for headspace gas analyzers is the amplified emphasis on Container Closure Integrity (CCI) in response to evolving regulatory requirements for sterile pharmaceuticals. The complex landscape of new drug products and container systems entering the market necessitates a comprehensive CCI verification process. Headspace Gas Analyzers have emerged as indispensable tools, playing a pivotal role in ensuring the integrity of pharmaceutical packaging throughout the product lifecycle.

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All the drawbacks of destructive inspections are eliminated by headspace gas analyzer techniques, allowing a focused, unbiased evaluation of the entire production process to ensure product stability.

Additionally, they provide sterility throughout the entire life cycle of the product, research and validation, routine manufacturing, and the marketing environment. Because of this, if the rules governing their use are changed, the demand for headspace gas analyzers in the pharmaceutical industry and other industries is likely to increase.

The leading manufacturers of headspace gas analyzers have made technological advancements, new product introductions, and regulatory approvals key growth strategies. By employing these tactics, businesses aim to expand both their regional presence and their product offerings.

For instance, the CCI laboratory tester NEO DPX by WILCO AG received the Good Design Award 2020 in the industrial category in July 2021 from the Chicago Athenaeum Museum of Architecture and Design.

For the visual inspection of parenteral in various packaging materials, WILCO AG developed a customized system design in six phases in June 2019 to ensure the highest level of reliability for the inspection results.

Such developments strengthen the company’s current portfolio, increase its visibility on a regional and international level, and give it the ability to withstand the increasing competitive pressure.

Key Takeaways from Global Headspace Gas Analyzers Industry Study

  • By product, oxygen headspace analyzers will hold a maximum share of more than 45% in 2021.
  • In terms of modality, benchtop systems of headspace gas analyzers are expected to account for over 60% of the market share in 2021 owing to the extreme stability and accuracy in the inspection of overfilled containers with limited headspace.
  • By end users, the hospitals will account for over 40% of the market share in 2021 owing to the rising demand for sterile products and the increasing percentage of health problems by unhygienic food packaging.
  • North America is expected to hold nearly 40% of global market share in 2021 on the back of rising product adoption, increasing demand for packaging of pharmaceutical products, health consciousness, and increasing disposable incomes

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Who is Winning?

Some of the leading manufacturers of Global Headspace Gas Analyzers Industry are focusing on product launch, collaboration, and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In June 2021, CS Analytical Laboratory installed LIGHTHOUSE’s Instruments Suite with laser-based headspace capabilities for container closure integrity testing.
  • In July 2019, Labthink launched a commemorative innovative product, C130H Gas Permeation Test System, a high-precision laboratory testing instrument based on a differential pressure method, to help realize gas permeability, solubility coefficient, and diffusion of thin films and sheets in fields of scientific research, food, pharmaceuticals, packaging materials, and many others, to efficiently enhance product quality control and new product R&D processes.
  • In July 2017, Illinois Instruments collaborated with OxySense, a leading brand in non-invasive optical oxygen analyzers and permeation testing solutions. OxySense and Systech Illinois have been trusted for decades for delivering the highest quality and most reliable gas measurement solutions.

The key market players covered by FMI include WILCO AG, Quantek Instruments Inc., Illinois Instruments Inc., Labthink International Inc., LIGHTHOUSE, GASPOROX AB, Xepics SA, Bonfiglioli Engineering S.r.l.

Global Headspace Gas Analyzers Industry by Category

Product:

  • Oxygen Headspace Analyzers
  • Carbon Dioxide (CO2) Headspace Analyzers
  • Combination Headspace Analyzers
  • Pressure/Moisture Headspace Analyzers

Modality:

  • Benchtop Systems
  • Handheld Headspace Analyzer

End User:

  • Research & Development Facilities
  • Contract Manufacturing Organizations
  • Pharmaceuticals Manufacturing
  • Clinical Trials Agencies

Region:

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

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Needle-Free Injectors Industry is expected to grow at a startling 12% CAGR and reach a whopping US$ 42.79 Billion by 2032 | FMI

Global Needle-Free Injectors Industry
Global Needle-Free Injectors Industry

The Global Needle-Free Injectors Industry is on track for significant growth, driven by advancements in technology and increasing patient preference for pain-free injection methods, according to a recent study by Future Market Insights (FMI). The market, currently valued at a steady base, is projected to experience an impressive Compound Annual Growth Rate (CAGR) of 12% from 2022 to 2032, reaching a remarkable US$42.79 billion by the end of the assessment period.

The driving force behind this exponential growth is the escalating demand for faster and more efficient drug delivery systems. As the healthcare sector experiences unprecedented expansion and the popularity of cosmetic surgeries continues to rise, the market for needle-free injectors is witnessing an unprecedented surge. Notably, the industry has already demonstrated substantial growth, achieving a robust value CAGR of 8% from 2017 to 2021, culminating in an impressive US$ 12.3 Billion.

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Geographically, the US is the largest contributor to the Global Needle-Free Injectors Industry. This is owing to the growing prevalence of chronic diseases in the region. The strong presence of healthcare sectors in Germany, Japan, and China too are accelerating the use of needle-free injectors. In the upcoming years, increasing inclination towards minimally invasive surgeries will increase the sales of needle-free injectors.

Key Takeaways from the Global Needle-Free Injectors Industry Study

  • By load type, the projectile injections segment is expected to expand at a CAGR of 13.9% during the forecast period.
  • By technology, the spring-loaded jet injector segment will dominate the market, holding 47.1% of the revenue share in 2022.
  • By application, drug delivery is expected to hold the leading share in the market, accounting for 65.0% of the revenue share in 2022.
  • With 79.5% of the revenue share, reusable needle-free injectors are expected to dominate the market in 2022
  • By end-user, hospitals are expected to be the primary end-user, accounting for over 33.4% market share during the forecast period.
  • The US is expected to be a leading market across North America, accounting for over 94.0% of the market in 2022
  • Germany is expected to dominate Europe, holding 29.4% of Europe’s market share through 2032
  • Japan is projected to hold over 34% share in the East Asia market, exhibiting growth at a CAGR of 11.7% during the forecast period
  • China led the East Asia market with more than 46.8% share and is projected to expand at a CAGR of 12.0% through 2032.

“The healthcare sector along with the cosmetic industry are the largest contributors to Global Needle-Free Injectors Industry. Increasing demand for minimally-invasive surgeries is further accelerating the demand for needle-free injectors” states an FMI analyst

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Global Needle-Free Injectors Industry Competition

Key players in the needle-free injectors market are Gerresheimer AG, Pfizer Inc., Antares Pharma, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., PenJet Corporation

  • In August 2022, the University of Adelaide began the human trial of an omicron COVID-19 vaccine booster using Pharma-Jet needle-free systems. In addition, the vaccines have been administered using PharmaJet Tropis NFIS.
  • Portal Instruments, a key player in the needle-free injectors market is focusing on developing needle-free injectors for different chronic ailments and creating awareness regarding painless injections.

Key Segments Profiled In The Global Needle-Free Injectors Industry Industry Survey

Global Needle-Free Injectors Industry by Load:

  • Needle-Free Injectors by Liquid Injections
  • Needle-Free Injectors by Powder Injections
  • Needle-Free Injectors by Projectile Injections

Global Needle-Free Injectors Industry by Technology:

  • Needle-Free Injectors by Spring-loaded jet injector
  • Needle-Free Injectors by Battery-powered jet injector
  • Needle-Free Injectors by Gas-powered jet injector

Global Needle-Free Injectors Industry by Delivery Site:

  • Needle-Free Injectors by Intra dermal Injectors
  • Needle-Free Injectors by Intramuscular Injectors
  • Needle-Free Injectors by Subcutaneous Injectors

Global Needle-Free Injectors Industry by Application:

  • Needle-Free Injectors by Drug Delivery
  • Needle-Free Injectors by Vaccines
  • Needle-Free Injectors by Cosmetic
  • Needle-Free Injectors by Others

Global Needle-Free Injectors Industry by End User:

  • Needle-Free Injectors by Home Care Settings
  • Needle-Free Injectors by Long-Term Care Centers

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Pelvic Floor Diagnostics Industry is projected to grow at a 6.2% CAGR to reach US$3.75 Billion by 2033 | FMI

Global Pelvic Floor Diagnostics Industry
Global Pelvic Floor Diagnostics Industry

The Global Pelvic Floor Diagnostics Industry is on track for significant growth, according to a recent industry analysis. The market is currently valued at an impressive US$2.06 billion in 2023 and is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 6.2% over the next decade. By 2033, the market is expected to reach an estimated US$3.75 billion, reflecting continued expansion in this critical healthcare sector.

The trajectory of the Global Pelvic Floor Diagnostics Industry is drawing attention for its exceptional growth. This growth is driven by several factors, including technological advancements, increasing awareness about pelvic health, and a rising demand for diagnostic solutions. The industry’s commitment to innovation and addressing critical healthcare needs positions it as a key player in the global market.

Demand Surges Driven by Health Awareness and Advanced Imaging

The pelvic floor diagnostics industry is experiencing a surge in demand, primarily attributed to the increasing prevalence of related ailments, especially among pregnant women, and the growing awareness levels regarding pelvic floor diagnostic testing. This has prompted a rise in the adoption of advanced imaging systems, significantly contributing to superior patient outcomes.

U.S. Market Leads the Way with Advanced Diagnostic Device Adoption

Developed economies, notably the United States, are at the forefront of adopting advanced diagnostic devices in the pelvic floor diagnostics sector. This trend is further bolstered by favorable reimbursement scenarios, which, in turn, are propelling market growth. The U.S. healthcare and diagnostic infrastructure has advanced at an accelerated rate, driven by increased research and development activities in the healthcare sector.

In light of these developments, the global pelvic floor diagnostics market is set for a promising future. As it continues to evolve, industry leaders and innovators are poised to meet the growing demand for advanced diagnostic solutions and contribute to the well-being of patients worldwide.

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Rising healthcare expenditure, along with growing government support by funding and faster approvals has led to the establishment of pelvic floor diagnostic laboratories and a larger number of professionals.

The rising number of grants by private and government players for pelvic floor diagnostics has increased the focus on innovative research solutions for the development of advanced testing systems.

Healthcare standards with advanced diagnostic procedures have gained ground during the last two decades and with the rise in income and the increased investments in research. The pelvic floor diagnostics market has experienced a substantial shift in the adoption of molecular diagnostic devices.

 Key Takeaways from Global Pelvic Floor Diagnostics Industry Study

  • Ultrasound systems are expected to reach a revenue share of 37.1% in 2021 with a growing CAGR of 5.7% during the forecast period.
  • Hospitals will drive sales accounting for over 60% of value share through 2031, owing to higher spending capacity.
  • Mexico will reflect a 6.1% CAGR through 2031, supported by growing access to superior medical facilities.
  • K. and France are leading markets in Europe, accounting for over 20% and over 18% of the Europe market respectively in 2021.
  • The U.S. is the largest and fastest-growing market in North America, exhibiting a 5.7% CAGR through the forecast period.

“The growing global geriatric population is prone to pelvic floor disorders. Consequently, advancements in diagnostics including imaging and ultrasound systems, coupled with investments in research and academic bodies are set to boost the growth of the pelvic floor diagnostics industry over the coming decade,” says a Future Market Insights analyst.

Investments in Tech Development to Offer Growth Opportunities

The pelvic floor diagnostics industry has emerged as a lucrative area of research in terms of pelvic dysfunction. The development of imaging technology is gaining traction with the rising demand for high-resolution images.

The demand is fueled by increasing awareness among the growing population about the diagnostic options available. Ultrasound systems offer reliable high-resolution imaging. The evolution in the processes involving the detection, diagnosis, and treatment of associated diseases is anticipated to cause a demand surge in the pelvic floor diagnostics industry.

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Who is winning?

Key players in the pelvic floor diagnostics market are focusing on tapping market potential through strategic mergers and acquisitions. This is driven by efficiency in innovative and specialized product portfolios. The market is also set to expand due to increasing activities in research and development to diagnose pelvic floor disorders.

Some of the leading players in the pelvic floor diagnostics industry include but are not limited to Laborie, Inc., Cooper Surgical Inc., Medtronic Plc., SRS Medical, Stryker’s, MEDSPIRA, MEDKONSULT medical technology s.r.o., EndoMed Systems, Richard Wolf, Schölly Fiberoptic, Zhuhai Seesheen Medical Technology, KARL STORZ, Cadwell, The Prometheus Group, Neurosoft, Noraxon USA.

Global Pelvic Floor Diagnostics Industry Segments:

By Product:

  • Urodynamics Systems
  • Uroflowmetry Devices
  • Anal Manometry Systems
  • Cystoscopes
  • Ultrasound Systems
    • Cart/Trolley Based
    • Portable Bladder Ultrasound Systems
  • EMG

By End User:

  • Hospitals
  • Diagnostic Imaging Centers
  • Specialty Clinics

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Wet Wipes Industry is expected to grow at a 7.8% annual rate and be valued at US$9.22 Billion by 2033 | According to FMI

Global Wet Wipes Industry
Global Wet Wipes Industry

According to a recent market analysis, the Global Wet Wipes Industry is poised for significant growth. In 2023, the industry generated a substantial US$4.3 billion in revenue, and it’s projected to experience a remarkable surge over the next decade. Industry experts at Future Market Insights forecast the market to reach a staggering US$9.22 billion by 2033, exhibiting a compelling Compound Annual Growth Rate (CAGR) of 7.8%.

The driving forces behind this exponential growth are multifaceted, primarily fueled by a heightened global awareness of proper hygiene practices. Across nations, the installation of comprehensive healthcare programs further propels the demand for the Global Wet Wipes Industry, positioning it as a pivotal player in promoting and sustaining healthy living practices.

Wet wipes and wet towels have emerged as indispensable personal hygiene products, owing to their convenience and widespread availability. Recognizing the escalating demand, manufacturers are responding dynamically by introducing an extensive array of products. From baby wipes to makeup wipes, disinfectant wipes to wound care wipes, the industry is diversifying its offerings to cater to diverse consumer needs.

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Market competitors are introducing eco-friendly and biodegradable Wet Wipes produced from wood pulp and cotton as an alternative to synthetic fibers, which is driving wet wipe sales.

The rising prevalence of health-related illnesses in the elderly, such as incontinence-associated dermatitis (IAD) and catheter-associated urinary tract infection (CAUTI), is driving up demand for Wet Wipes, particularly in hospitals.

Wet Wipes are expected to gain traction over the forecast period because they efficiently serve the objective of maintaining hygiene standards and removing germs, dirt, and dust build-up on the skin and other physical surfaces.

In addition, the rise of local and small players, creative product development, clever marketing strategies implemented by top manufacturers, and commercialization of Wet Wipes are increasing the Global Wet Wipes Industry’s growth prospects.

The FMI study projects the US to lead the North American Wet Wipes market. Rapid expansion of distribution channels, coupled with increasing per capita healthcare expenditure are anticipated to bode well for the Wet Wipes market in the U.S.

“Expansion of the e-commerce sector is resulting in easy availability and increasing sales of Wet Wipes across the globe. In addition to this, government-backed healthcare reimbursement plans will continue driving sales of Wet Wipes over the forecast period,” says the FMI analyst.

Global Wet Wipes Industry Key Takeaways:

  • Incontinence wipes are expected to account for roughly 27% of the Global Wet Wipes Industry share during the forecast period.
  • The hospital segment is expected to increase at a 6% CAGR through 2031 in terms of end users.
  • It is estimated that the United States accounts for more than 80% of the North American Wet Wipes market.
  • Germany will dominate the European Wet Wipes industry in 2021, accounting for 23% of the market.
  • China is expected to emerge as a profitable market, accounting for 40% of the East Asian Wet Wipes market share.
  • The Japanese Wet Wipes market is expected to develop at a 9.3% CAGR through 2031, while the South Korean Wet Wipes market is expected to rise at a robust 10% CAGR.

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Prominent Drivers:

  • Collaborations among key market players to launch innovative products will provide tailwinds to Wet wipe sales during the assessment period.

Restraints:

  • The availability of cheaper alternatives such as soaps, cleansing milk, and face washes might hamper sales of Wet Wipes.
  • Chances of allergic reactions and irritability on the skin might result in decreased sales of Wet Wipes.

Competitive Landscape from the Global Wet Wipes Industry

Leading players operating in the Global Wet Wipes Industry are aiming to expand their global footprint through strategic collaborations, mergers, and acquisitions. In addition to this, launching innovative products, research, and development and strengthening distribution channels will remain key growth strategies among players. For instance:

  • Medline partnered with Intelligent Observation (IO) in January 2021 to help healthcare professionals manage healthcare-associated infection rates.
  • Essity announced the acquisition of ABIGO Medical, a wound care company, and Asaleo Care, an Australian hygiene company, in July 2021.

Leading players operating in the Global Wet Wipes Industry profiled by FMI include:

  • Essity Aktiebolag (publ)
  • Kimberly-Clark
  • Procter & Gamble
  • Cardinal Health
  • Medtronic
  • Stryker
  • Coloplast
  • Others

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More Insights on FMI’s Global Wet Wipes Industry

The latest market study on the Wet Wipes market by Future Market Insights gives a detailed segmentation for the forecast period of 20223 to 2033. To gain a better perspective of the Global Wet Wipes Industry potential, its growth, trends, and opportunities,

The Global Wet Wipes Industry is segmented based on:

Product:

  • Incontinence wipes
    • Baby Wipes
    • Adult Wipes
  • Skin Antiseptic Wipes
  • Feminine Hygiene Wipes
  • Skin Care Wet Wipes
  • Sterile Wound Cleansing Wipes

Disposability:

  • Flushable Wipes
  • Non-Flushable Wipes

Application:

  • Incontinence
  • Skincare
  • Personal Hygiene
  • Wound Care

End-User:

  • Hospitals
  • Clinics
  • Specialty Centres
  • Long-term care Centres
  • Homecare Settings

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

America’s COVID-19 Testing Industry is expected to reach a remarkable US$ 9.8 Billion, driven by a 6.7% CAGR By 2033 | FMI Report

America’s COVID-19 Testing Industry
America’s COVID-19 Testing Industry

America’s COVID-19 Testing Industry has experienced significant growth in recent years, according to a recent market analysis by Future Market Insights (FMI). The market, valued at an impressive US$5.1 billion in 2022, is expected to continue its upward trajectory, reaching an estimated US$9.8 billion by 2033. This growth is projected to be fueled by a robust Compound Annual Growth Rate (CAGR) of 6.7% over the forecast period.

The ongoing COVID-19 pandemic has significantly impacted the global healthcare landscape, leading to increased demand for COVID-19 testing. The surge is attributed to the growing number of COVID-19-infected patients, intensified treatment procedures, and continuous research and development activities.

A key driver behind this market growth is the escalating demand for sampling kits and heightened awareness of health concerns. Early detection of COVID-19 symptoms, including cough, mild fever, cold, and body pain, has accelerated the adoption of America’s COVID-19 testing.

The market expansion is further propelled by the rising demand for Nasopharyngeal swab samples due to their high availability. Additionally, the easy availability of COVID-19 self-testing kits for home use is driving the adoption of online purchasing through e-commerce platforms.

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Scope of Online Sales Channel in the Market?

In the last few years, the adoption of online sales channels among the end-users has increased the market expansion. As a result, based on the distribution channel, the online sales channel leads the global market by securing a higher CAGR during the forecast period.

The online sales channel provides certain discounts, coupons, and product offers that will likely attract consumers’ attention and increase market opportunities during the forecast period. In addition, the high acceptance and convenience of end-users primarily increase the adoption of online sales channels due to home delivery and reduced costs.

Top Countries Performance in the America’s COVID-19 Testing Industry

The U.S. market secures a CAGR of 6.5% with a valuation of 3.5 Bn during the forecast period. Technological advancement, innovative products, and license agreements are driving the U.S. America’s COVID-19 testing market size. As a result, the prominent players are making strategies and implementing plans that are driving market expansion.

On the other hand, the U.K. is smoothly capturing a CAGR of 5.8% during the forecast period. Government regulations, high technology, new policies, and essential players are expanding the U.K. Americas COVID-19 testing market opportunities.

In addition, the growing healthcare sector, laboratories, and clinics are uplifting market growth. As a result, the U.S. is estimated to hold a valuation of US$ 412.4 Bn during the forecast period.

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America’s COVID-19 Testing Industry Key Takeaways:

  • America’s COVID-19 Testing Industry is expected to have a valuation of US$ 9.8 Bn by 2033.
  • With a CAGR of 6.7%, the global market is increasing during the forecast period.
  • The market in the United States is anticipated to grow at a CAGR of 6.5% through 2033.
  • With a CAGR of 5.8%, the UK market significantly uplifts during the forecast period.
  • The China market is expected to grow at a CAGR of 6.2% over the forecast period.

Who is Winning?

The market is consolidated by the number of present players globally during the forecast period. The players are innovating and launching new testing equipment to detect COVID-19 infection. These players are capturing end-users’ attention by providing advanced testing equipment.

Prominent vendors are growing the market by adopting several marketing tactics such as mergers, acquisitions, partnerships, collaborations, and agreements.

Some of the Leading Companies Operating in the Americas COVID-19 Testing Industry are:

  • Sky Medical Supplies & Equipment LLC.
  • Sugentech, Inc.
  • Novacyt Group
  • Aurora Instruments Ltd.
  • PRIMA Lab SA
  • SD Biosensor, INC.
  • Gold Standard Diagnostics
  • Eurofins Technologies
  • Biomerieux SA
  • Danaher

Recent Developments in the America’s COVID-19 Testing Industry:

  • In Dec 2021, Trusted Laboratory DIPM announced that the FDA approved a COVID-19 emergency RT-PCR test that would detect omicron variants.
  • In Oct 2021, PerkinElmer Inc. announced the authorization of Respiratory SARS-CoV-2 RT-PCR issued by the U.S. FDA.

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America’s COVID-19 Testing Industry by Category

By Test Type:

By Sample Type:

  • Blood
  • Nasopharyngeal Swabs

By Distribution Channel:

  • Hospital Pharmacies
  • Diagnostic Laboratories
  • Retail Pharmacies
  • Drug Store
  • Online Sales Channel

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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