Market Research Blog – Page 3078 – New Product Development

Global Intravascular Imaging Market Projected to Surpass US$656.29 Million by 2033, Signaling Continued Growth with a CAGR of 5.4%

The global intravascular imaging market is poised for significant expansion, with projections indicating a value exceeding US$656.29 million by the year 2033. Based on industry estimates, this growth trajectory signifies a Compound Annual Growth Rate (CAGR) of 5.4%, building upon an estimated market size of US$387.8 million in 2023.

Intravascular imaging technologies are essential for cardiovascular diagnosis and therapies because they allow medical professionals to see into blood arteries and evaluate their structure and function. For patients with coronary artery disease (CAD) and other vascular conditions, these imaging modalities, which include intravascular ultrasound (IVUS) and optical coherence tomography (OCT), provide high-resolution images of the coronary arteries, facilitating precise diagnosis, treatment planning, and therapeutic guidance.

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Moreover, the COVID-19 pandemic has highlighted the significance of cardiovascular well-being and the necessity for inventive diagnostic and treatment approaches. Intravascular imaging plays an increasingly important role in improving long-term cardiovascular outcomes, decreasing procedural complications, and optimizing patient care as healthcare systems adjust to the pandemic’s challenges.

In an effort to cut healthcare expenses, physician offices and institutions are driving up demand for intravascular imaging. The need for cost-effectiveness, flexibility, and downsizing has contributed to the growing use of intravascular imaging systems.

It is anticipated that firms will continue to push the boundaries of technology in their diagnostic equipment manufacturing, driving intravascular imaging sales and expanding the intravascular imaging market share. Globally increasing rates of heart disease with coronary occlusion, deep vein thrombosis, and other illnesses are predicted to drive up patient traffic in diagnostic centers and propel the growth of the intravascular imaging market.

Key Takeaways:

The United States is predicted to reach US$ 700 million by 2033.
The United States is predicted to increase at a 5.6% annual rate.
The intravascular imaging market in the United Kingdom is expected to reach US$400 million by the end of the forecast period.
China’s intravascular imaging industry is anticipated to be worthUS$850 million.
The intravascular imaging market in Japan is expected to develop significantly, reaching US$ 700 million by 2033.

“Due to the increased effectiveness of intravascular imaging methods for the diagnosis of blood vessel disease, broad adoption of intravascular imaging is expected to significantly increase the popularity of intravascular imaging while accelerating intravascular imaging revenue growth,” says an FMI analyst.

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Competitive Landscape:

In order to boost their chances of making sales abroad, the top companies in the intravascular imaging market are working to expand the reach of their products. Interregional and international market companies working together, merging and acquiring, and forming partnerships are also anticipated to encourage the growth of the intravascular imaging market share.

Some of the top key players in the intravascular imaging market include Acqiris, NIDEK CO. LTD., AGFA Healthcare, Aculight Carl Zeiss AG, Heidelberg Engineering Inc., Optopol, Sonostar Technologies Co.Ltd., OPKO Health, AlazarTech and others.

Siemens Healthineers implemented Luminos Impulse in September 2021, a fluoroscopy technology with an innovative layout and features shared by high-end fluoroscopy systems such as a seamless imaging chain, complete dose optimization, cybersecurity features, and detector-sharing capabilities for radiography.
Siemens Healthineers unveiled Somatom X.ceed in May 2021, a unique high-resolution, rapid speeds CT (computed tomography) scanner designed specifically for extremely demanding clinical applications where time and precision are critical.
Avinger Inc. announced the entire business launch of their TigereyeTM image-guided chronic total occlusion (CTO) crossing system in January 2021.

Segmentation Analysis of the intravascular imaging Market

By Product Type:

Instruments
Software

By Modality:

Handheld
Trolley Mounted

By End User:

Hospitals
Diagnostic Imaging Centers
Ambulatory Surgical Centers
Long Term Care Centers
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

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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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Gravure Printing Market Achieves Remarkable Growth with Anticipated 6.5% CAGR, Projected to Hit US$ 7.4 Billion by 2033

The gravure printing industry is set to reach US$ 4 billion in 2023. Over the forecast period 2023 to 2033, gravure printing sales are expected to soar at a CAGR of 6.5%. The market at the end of 2033 is forecast to reach US$ 7.4 billion.

Sales of gravure printing grew at 7.2% CAGR from 2018 to 2022. Between 2023 and 2033, gravure printing demand is set to rise at 6.5% CAGR. By the end of 2033, the market is anticipated to exceed a valuation of US$ 7.4 billion.

The gravure market is a branch of the printing industry that specializes in the production and supply of gravure printing services and equipment.

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Gravure printing, also known as intaglio printing, is a versatile, high-quality printing process used in several sectors such as packaging, publishing, decorative printing, and product labeling.

In gravure printing, the image or design to be printed is etched or engraved onto a cylinder, usually made of copper or chrome-plated steel. Ink is held in the recessed area of the cylinder and transferred to the substrate under pressure.

Users prefer gravure printing since this process results in accurate and consistent prints, allowing for high-resolution images, fine detail, and vibrant colors.

Gravure equipment manufacturers work on specialized components required for the gravure printing process. These include gravure presses, cylinder engraving systems, ink supply systems, drying systems, and other ancillary equipment.

The manufacturers involved are constantly invested in developing novel and advanced technologies. These advancements have yet helped improve print quality, increase production efficiency, and enable automation of the printing process.

Suppliers in the gravure market offer gravure inks, coatings, and consumables. These suppliers develop and supply high-quality inks specifically designed for gravure applications. The supplier also offers consumables such as squeegees, cylinders, solvents, and cleaning agents used in the gravure printing process.

The gravure printing market is closely tied to the substrate materials used in the printing process. These materials include paper, cardboard, plastic films, metal foils, and several flexible packaging materials.

The gravure market serves numerous end-use sectors such as packaging, publishing, decorative printing, and product labeling. In the packaging sector, users employ gravure printing on flexible packaging, boxes, labels, and heat shrink sleeves.

In the publishing sector, businesses use gravure printing for high-quality magazines, catalogs, and books. Gravure printing is also used to produce decorative materials such as wallpaper, wrapping paper, and laminate.

The gravure printing industry is primarily driven by the demand for high-quality printing. The emerging need for visually appealing packaging, alongside advances in gravure printing technology, is further expected to push the market forward.

It is a highly competitive market, with manufacturers and service providers constantly innovating to meet the changing needs of their customers. This also helps ensure superior print quality and efficiency.

The gravure printing industry plays a key role in meeting the printing needs of diverse sectors and providing beautiful and durable prints. The gravure printing industry is expected to surge and adapt to the changing demands of the printing industry as technological advancements continue to improve printing quality and efficiency.

Key Takeaways from Gravure Printing Market Study

Japan gravure printing industry is expected to be worth US$ 1.4 billion by 2033.
The United States gravure printing industry value is set to reach US$ 1.5 billion by 2033.
China gravure printing industry sales are likely to soar at 4% CAGR by 2033.
In terms of type, the solvent-based type is expected to soar at a CAGR of 4% during the forecast period.
In terms of application, the packaging sector is projected to showcase a CAGR of 2% from 2023 to 2033.

Leading Key Players:

ALTANA
Dainichiseika Color & Chemicals
Flint Group
Fujifilm Sericol
Huber Group

Competitive Landscape: Gravure Printing Market

Companies invest heavily in developing new products and technologies that increase efficiency, are environmentally friendly, and minimize production costs. Leading companies and manufacturers are focusing on developing and launching products to expand their reach.

for example

In March 2022, Sun Chemical launched a series of new products such as RotoPure, tin-free used in food packaging.

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Get More Exclusive Insights into Gravure Printing Market Study

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the gravure printing industry, presenting historical market data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study reveals extensive growth in the gravure printing industry in terms of application (packaging, publication, furniture) type (solvent-based, water-based), and region.

Gravure Printing Market Segmentation:

By Type:

Solvent-based
Water-based
Others

By Application:

Packaging
Publication
Furniture
Others

Authored By

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI):

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T: +1-845-579-5705
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Global UV LED Market expected to reach a Valuation of US$ 3.2 billion by 2033, rising at a CAGR of 18.6% | Future Market Insights, Inc.

The global UV LED market is most likely to experience a CAGR of 18.6% from 2023 to 2033. By the end of the aforementioned forecast period, the market is poised to be valued at US$ 3.2 billion, according to a recently published report by Future Market Insights.

Plant growth and pest control are three of the many applications of UV LEDs in horticulture and agriculture. Some wavelengths of ultraviolet light are effective at stimulating certain plant responses, such as increased yield, improved color, and enhanced nutrient content. UV radiation’s germicidal properties are poised to boost demand as waterborne diseases are on the rise, particularly in emerging countries across Asia. Industrial liquid waste and wastewater treatment are becoming more advanced, which is driving market growth.

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LEDs with UVC wavelengths have been in high demand as businesses and institutions seek effective disinfection methods. Various disinfection devices have used UVC LEDs for portable and stationary use, including handheld sterilizers, air purifiers, water sanitizers, and surface disinfectors. UV In industries such as printing, automotive, electronics, and healthcare, LEDs are used to cure inks, coatings, and adhesives. Inks and coatings cured by UV light have become increasingly popular, increasing UV LED demand.

Disinfectants like UV LEDs kill or inactivate microorganisms chemical-free and efficiently. With the COVID-19 pandemic, UV LEDs have become more popular in various applications, like water purification, air sanitization, surface sanitation, and medical equipment sterilization. As part of forensic investigations and counterfeit detection, UV light is commonly used to detect counterfeits. Using advanced UV LED technology, researchers could enhance the accuracy and reliability of forensic analysis, assisting with crime scene investigations and counterfeit product identification.

Key Takeaways from the Market Study

The UV LED market is expected to record an absolute dollar growth of US$ 2.6 billion.
Revenues from UV LED printers in the United Kingdom are expected to reach US$ 88 million by 2033.
Forecasts indicate that the UVC technology market is expected to grow at an 18.3% CAGR by 2033.
By 2033, UV LEDs are expected to dominate the market in Asia Pacific, generating a 48.9% market share.
By 2033, the UV LED market in China is expected to grow at a CAGR of 20.2%.
Between 2023 and 2033, the UV LED market in Japan is expected to grow at a CAGR of 18.8%.
As the industrial sector grows, it is estimated that it will grow at an 18% CAGR by 2033.

“Technological innovations and new products are expected to grow the demand for UV LEDs on the market. There will be an increased demand for air purifiers in the future, which will drive UV LED market demand,” says an analyst at Future Market Insights.

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Global UV LED Market: Market Dynamics

Primarily, the numerous improvements in the manufacturing sector drive market expansion. Furthermore, the expansion of government energy conservation initiatives contributes significantly. Moreover, the broadening scope of technology’s potential uses adds to this growth. Notably, UV LED technology boasts numerous advantages, including low power consumption, high switching speed, small size, reliable UV output, significant cost savings, and secure operation. Consequently, almost all industries now extensively utilize the technology. Additionally, UV LEDS had very few applications in the past.

Global UV LED Market: Competition Landscape

Examining the competitive landscape of the global UV LED market, key vendors include Koninklijke Philips N.V., Crystal IS, LG INNOTEK, NICHIA CORPORATION, Phoseon Technology, SemiLEDs Corporation, Seoul Viosys Co., Ltd., Sensor Electronic Technology, Inc., Halma plc, and Heraeus Holding.

Key Market Players

Ongoing mergers and acquisitions are likely to complement UV LED market growth scenarios. In addition, leading manufacturers are expected to increase research and development investment in durable, efficient, and adaptable products.

Key Market Developments:

In July 2023, Eurolabel will embrace GEW ArcLED technology as it transitions to UV LED. Customers at Eurolabel come from the pharmaceutical, cosmetic, food, industrial, and logistics industries. GEW UV curing systems have been used by their team for almost two decades. Their latest upgrade is the Gallus Labelmaster, which runs both UV LED and UV arc curing simultaneously.
In July 2023, Targus revealed the UV-C LED Disinfection Light was a CES 2021 Innovation Awards Honoree. The UV-C Light technology in this no-touch solution breaks down the DNA of microorganisms, helping to reduce pathogens on device surfaces. With its sleek design, modern appearance, and lightweight, the Disinfection Light stands on desktops between keyboards and monitors to disinfect surfaces automatically on mice, keyboards, and other stuff in the disinfection range.

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The global UV LED market is segmented on the basis of technology, application, and region:

On the basis of technology, the global UV LED market can be segmented into

UV-A
UV-B
UV-C

On the basis of application, the global UV LED market can be segmented into

Electronic Devices
Sterilization
Water Treatment
Curing
Medical
Others

Author:

Sudip SahaIs The Managing Director And Co-Founder At Future Market Insights, An Award-Winning Market Research And Consulting Firm. Sudip Is Committed To Shaping The Market Research Industry With Credible Solutions And Constantly Makes A Buzz In The Media With His Thought Leadership. His Vast Experience In Market Research And Project Management A Consumer Electronics Will Likely Remain The Leading End-Use Sector Cross Verticals In APAC, EMEA, And The Americas Reflects His Growth-Oriented Approach To Clients.

He Is A Strong Believer And Proponent Of Innovation-Based Solutions, Emphasizing Customized Solutions To Meet One Client’s Requirements At A Time. His Foresightedness And Visionary Approach Recently Got Him Recognized As The ‘Global Icon In Business Consulting’ At The ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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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Microservices Orchestration Market Surges, Expected to Reach US$ 5,837.0 Million by 2033

In 2023, the microservices orchestration market is expected to be worth US$ 1,274.7 Mn. The market is expected to reach US$ 5,837.0 Mn by 2033, expanding at a 16.4% CAGR throughout the forecast period.

Microservices orchestration involves managing the interactions and coordination between these microservices to achieve the desired functionality and business objectives. It encompasses various aspects such as service discovery, inter-service communication, request routing, load balancing, fault tolerance, service monitoring, and more.

The increasing adoption of cloud computing and microservices architecture is a key driver for the microservices orchestration market. Businesses are leveraging cloud infrastructure and modular application architectures to improve scalability, flexibility, and agility, thereby driving the demand for efficient microservices orchestration solutions.

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The growing emphasis on digital transformation initiatives presents a significant opportunity for the microservices orchestration market. As businesses across industries strive to modernize their IT systems, streamline application development processes, and enhance customer experiences, the need for robust microservices orchestration platforms to enable seamless management and integration of microservices becomes crucial.

One of the challenges in the microservices orchestration market is the complexity of managing and coordinating multiple microservices within a distributed system. Ensuring proper service discovery, load balancing, fault tolerance, and inter-service communication can be complex and challenging. Microservices orchestration platforms need to address these challenges effectively to provide a seamless and reliable environment for managing microservices.

An emerging trend in the microservices orchestration market is the increasing adoption of serverless computing and function as a service (FaaS) models. These models allow businesses to execute code in response to events without the need to manage server infrastructure. Microservices orchestration platforms are incorporating support for serverless computing, enabling organizations to leverage the benefits of event-driven architectures and further enhance the scalability and efficiency of their microservices deployments.

Key Takeaways from the Microservices Orchestration Market:

The microservices orchestration market in the United States is predicted to reach US$ 688.8 Mn by 2033, increasing at a 7% CAGR.
The microservices orchestration market in the United Kingdom is estimated to reach a market value of US$ 542.8 Mn, expanding at a CAGR of 4% by 2033.
During the forecast period, the microservices orchestration market in China is expected to reach a market value of US$ 618.7 Mn, securing an 4% CAGR.
The microservices orchestration market in Germany is predicted to reach US$ 566.2 Mn by 2033, increasing at a 9% CAGR.
India’s microservices orchestration market is predicted to achieve a market value of US$ 601.2 Mn, rising at a 9% CAGR during the forecast period.
With a CAGR of 7% from 2023 to 2033, the large enterprise segment is expected to dominate the microservices orchestration market.
With a market share of 5% from 2023 to 2033, the North America is expected to dominate the microservices orchestration market.

How Does the Competition Look in the Microservices Orchestration Market?

The microservices orchestration industry is characterized by intense competition, as numerous players compete to capture market share. Key players in this industry include Google, Amazon, Red Hat, Camunda, and Kubernetes.

The microservices orchestration market is witnessing rapid development driven by the increasing adoption of microservices architecture and the need for efficient management of distributed applications. As organizations strive for agility, scalability, and improved application performance, the demand for robust microservices orchestration solutions is growing. This has led to the emergence of various players offering a range of products and services to cater to the diverse needs of organizations.

The market for microservices orchestration is intensely competitive, with both established competitors and new entrants vying for market share. Established technology giants, cloud service providers, and software vendors are expanding their offerings to include microservices orchestration capabilities. At the same time, niche players and startups are innovating and introducing specialized microservices orchestration tools and platforms. The competition is driving advancements in features, performance, and scalability, ease of use, and integrations, benefiting organizations seeking the right solution for their microservices architecture.

Collaboration and partnerships are becoming common in the microservices orchestration market. Companies are forming strategic alliances to enhance their product offerings, expand market reach, and leverage complementary technologies. Partnerships between microservices orchestration platform providers and cloud service providers are particularly prevalent, enabling seamless integration with cloud-native services and infrastructure. Additionally, collaborations between microservices orchestration vendors and containerization platform providers, such as Kubernetes, are fostering interoperability and standardization in the market.

Several key players have a significant presence in the microservices orchestration market. This includes technology giants like Amazon Web Services (AWS), Microsoft, Google, and IBM, which offer comprehensive cloud services and microservices orchestration platforms. Other prominent players include Docker, Red Hat, and HashiCorp. These companies have established themselves as leaders in the space, providing feature-rich platforms, developer-friendly tools, and robust support services. However, the market is dynamic, and new players continue to emerge, offering innovative solutions and challenging the market dominance of established players.

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Segmentation Analysis of the Microservices Orchestration Market

By Deployment Mode:

Cloud-based
On-premises

By Enterprise Size:

Small Offices (1-9 employees)
Small Enterprises (10-99 employees)
Medium-sized Enterprise (100-499 employees)
Large Enterprises (500-999 employees)
Very Large Enterprises (1,000+ employees)

By Industry:

IT & Telecommunication
BFSI
Government
Healthcare
E-commerce
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
Middle East & Africa

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Strands with Strength: Hair Bond Multiplier Market Poised for Modest Growth at 5.6% by 2033

The hair bond multiplier market is expected to be valued at US$ 330.3 million by 2033. Celebrity endorsements, the influence of social media, and the rising disposable income of individuals are some of the major factors in the modest growth of 5.6% CAGR through 2033. The hair bond multiplier market holds a global market revenue of US$ 191.5 million in 2023.

The hair bond multiplier helps repair the damage caused by constant coloring, bleaching, and the use of chemical treatments by strengthening the hydrogen-sulfide bond in the hair. It has become a part of almost every renowned salon chain, thanks to the rise of awareness among individuals regarding self-care and the importance of aesthetic looks due to social media influencers.

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When it comes to end-use, the salon segment is currently dominating the global hair bond multiplier market. Due to very high demand, salons all over the world have started incorporating hair bond multiplier treatment into their services. Other users of the hair bond multiplier kit include people with colored, damaged, or genetically weak hair.

The rising trend of hair experimentation in youth, surging disposable income to spend on luxurious hair care products, and the influx of big cosmetic players like Olaplex, Loreal, and many more have contributed to the market expansion of hair bond multiplier products. However, the emphasis on natural, untreated hair and cheaper substitutes for hair bond multipliers is expected to adversely affect the market in the coming years.

The North American region is the leading market for hair bond multiplier products, followed by the Asia-Pacific and European regions. The United States is experiencing a great surge in the demand for hair bond multiplier products due to the presence of the world’s largest film industry, globally renowned celebrities, and the readiness of people to follow contemporary fashion trends.

“The demand for hair bond multipliers is set to rise in the near future as more and more people in the Asia-Pacific regions are following the Western trend of highlighting and bleaching their hair,” says an analyst at FMI.

Key Takeaways from the Hair Bond Multiplier Market Report

By application, the hair coloring segment dominates the bond enhancer market with a revenue share of 45.20%.
The thriving salon industry, affluent customer base, and exposure to Western culture are the driving forces behind Japan’s 6.9% share of the global market.
There is a great opportunity for hair bond multiplier players to enter the men’s hair care market, which is still in its nascent phases.
Brands can also associate themselves with more sustainable, eco-friendly manufacturing methods to attract more customers.

Key Players:

Olaplex LLC
Lakme Lever Private Limited
Earthly Body, Inc.
Croda International Plc
Avon Products, Inc.
Henkel AG & Co. KGaA
L`Oreal S.A.
Unilever
Kao Corporation (Kao Professional Salon Services Inc.)
Brazilian Professionals LLC
Affinage Salon Professional Limited
The Procter & Gamble Company
Keune Haircosmetics Manufacturing B.V.
The Estee Lauder Companies, Inc
Other Players

Recent Developments Detected in the Hair Bond Multiplier Market

Rising competition among big players has led to lower profit margins, thus resulting in huge losses for these big companies. In 2022, Olaplex, the company that patented the hair bond multiplier technology, recently suffered a 22% loss in the Indian market.
The US-based company has also collaborated with Justin Anderson, Guy Tang, Christin Brown, Chrissy Rasmussen, Samantha Cusick, Jimmy Paul, and Laurent Philippon as brand ambassadors of Olaplex to promote the hair bond multiplier in the global market.

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Key Segmentations:

By Product Type:

Kit
Loose

By Application:

Hair Colouring
Hair Treatment

By End Use:

Salons
Spa
Personal Use

By Distribution Channel:

Direct Sales
Retail Sales
Modern Trade Distributors and Wholesalers
Health & Beauty Stores
Online Retailers

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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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 ~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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Crystal Clear Growth: MENA POU Water Purifier Industry Set for a CAGR of 6.40% Through 2033

The MENA POU water purifier industry size is anticipated to surpass US$ 604.7 million in 2023 and is likely to attain a valuation of US$ 1,127.90 million by 2033. The MENA POU water purifier industry share is projected to rise at a CAGR of 6.40% from 2023 to 2033.

Subscription models for consumable products like filters and cartridges allow consumers to receive regular replacements and maintenance. This business approach improves client retention and happiness by ensuring that essential replacements are delivered without the burden of manual ordering. Subscription-based consumables also contribute to a consistent income stream and long-term client connections, making them an appealing strategy for guaranteeing customer loyalty and operational stability.

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Antimicrobial materials and coatings used in water purifiers limit the growth of bacteria and germs, ensuring increased safety and cleanliness. This trend appeals to health-conscious consumers who value not only the purity of the water but also the cleanliness of the filtration system. By highlighting this characteristic, firms can address a vital component of consumer well-being, generating trust, brand loyalty, and a reputation for providing health-focused solutions.

Using AI algorithms to optimize water purification operations in real-time increases efficiency and efficacy. This technology guarantees that water treatment is customized to individual conditions and changing water quality, in line with the increasing need for sophisticated and automated solutions. Businesses can demonstrate their dedication to sophisticated technology and give consumers an improved user experience by implementing AI, gaining a competitive advantage in the industry.

Obtaining eco-certifications and environmental badges is a strategic step that demonstrates a dedication to sustainability. This method is popular among environmentally aware consumers who choose eco-friendly items. Businesses can represent their commitment to sustainable practices by obtaining such certificates and badges, promoting customer trust, and positively improving their brand reputation in an increasingly eco-conscious industry.

The incorporation of hydration monitoring capabilities allows users to establish and monitor their daily hydration goals, receive reminders, and measure their water consumption. This trend promotes optimal hydration, which helps customers achieve their health and wellness goals. Businesses that offer such features integrate their products with the health and fitness goals of today’s consumers, providing value to their offers and supporting healthy lives.

Key Takeaways from the MENA POU Water Purifier Industry Report:

In 2022, the global industry size stood at US$ 559.8 million.
The reverse osmosis segment captured 42.20% of industry shares in 2023.
The UAE occupied 22.50% of industry shares in 2023.

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Recent Developments Observed by FMI:

At a key water symposium held in the Swedish Pavilion at Expo 2020 Dubai, Bluewater, a leading innovator of premium water purification technologies and sustainable bottles, launched its leading premium residential and commercial water purifiers and sustainable bottles for the UAE and GCC industry in March 2023.
In March 2023, Aquamax, a new reverse osmosis drinking water filter brand, was debuted in the UAE.

Note from the Analysts:

“It is clear that the MENA POU water purifiers industry is poised for remarkable growth in this era of dynamic transformation.” It is possible to solve important water quality issues while also having a significant influence on the health and well-being of individuals and communities. The players acknowledge the power of innovation, sustainability, and consumer-centric solutions to transform the landscape of water purification and access as industry experts,” says an FMI analyst.

Key Players Are:

Straus Water
Water Life
LG
Panasonic
Samsung
Eureka Forbes

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Key Segmentations:

By Technology:

Reverse Osmosis
Distillation
Ultrafiltration
Ultraviolet
Activated Carbon Filtration
Disinfection

By Product Type:

Under-the-Counter Purifiers
Countertop Purifiers
Faucet-mounted Purifiers
Pitcher Purifiers
Tabletop Pitchers
Refrigerator Purifiers
Others

By Application:

Flocculation and Coagulation
Filtration
Disinfection

By End Use:

Residential
Commercial

By Sales Channel:

Direct Sales
HyperIndustrys/ SuperIndustrys
Convenience Stores
Specialty Stores
Multi-brand Stores
Online Retailers
Others

By Country:

Saudi Arabia
United Arab Emirates
Turkey
Algeria
Bahrain
Israel
Rest of MENA

Author

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 ~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

Brushing Up for Big Gains: The BRICS Oral Care Market Poised for Growth in the Coming Decades

BRICS Boom in Oral Care

While the global oral care market sees a steady increase, the BRICS nations (Brazil, Russia, India, China, and South Africa) are experiencing a surge in demand. These markets are expected to grow at a much faster pace, with a Compound Annual Growth Rate (CAGR) nearly double the global average.

Market Potential in BRICS

Research suggests the BRICS oral care market will reach a size of $ 17.3 billion by 2020, reflecting a significant rise in demand for oral care products.

Who Should Read This?

This information is valuable for various stakeholders in the oral care industry:

Manufacturers and Sellers of Dental Products: Understand the growing market potential in BRICS countries.
Research & Development Organizations: Identify opportunities for innovation in oral care products tailored to BRICS markets.
Governmental Bodies: Gain insights to develop policies promoting oral health awareness and accessibility in BRICS nations.
Dental Professionals: Stay informed about the growing demand for oral care services in BRICS.
Venture Capitalist Investors: Identify potential investment opportunities in the booming BRICS oral care market.

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Global Oral Care Market

For comparison, the worldwide oral care market is also experiencing growth, with a projected CAGR of 4.5% from 2014 to 2020, reaching an estimated sales revenue of $50.8 billion by the end of the period.

Improvements:

Clearer Headline: “BRICS Boom in Oral Care” captures the key message.
Structured Text: Information is divided into sections for better readability.
Target Audience Breakdown: Explains the relevance of the information for different stakeholders.
Removed Outdated Information: Removed reference to a specific year (2020) as the passage discusses market predictions.
Concise Language: Maintains key points while using fewer words.

Several companies, including

Uniliver Group
Colgate-Palmolive Co.
Koninklijke Philips N.V.
Procter & Gamble Co.
Johnson & Johnson Inc.
and GlaxoSmithKline Plc.

hold a strong position and are anticipated to maintain it in the near future, according to a recent study by Future Market Insights (FMI).

However, the competition in the oral care market in BRICS countries is fierce. Most of these businesses employ typical strategies to draw in and keep customers, including the creation of novel items and vigorous marketing campaigns. Vendors now have more opportunities to wow urban inhabitants and create new revenue streams thanks to the rising demand of organic products.

The survey notes that customers are increasingly prepared to pay for a range of items that helps them maintain the health of their dental and respiratory systems as a result of increased disposable income among urban populations in BRICS countries, namely Brazil, Russia, India, China, and South Africa.

The ubiquity of cellphones and the rising popularity of social media have made it easier to spread awareness across vast populations, which is helping the BRICS oral care market gain pace. Additionally, there is a growing market for dental care products that are eco-friendly and contain organic components. Another factor driving demand in this market is consumers’ increasing awareness of the importance of oral hygiene.

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Toothpaste Most Profitable Product Segment

On the basis of product type, the oral care market in the BRICS countries is segmented into primary oral care including toothbrush and toothpaste and secondary oral care including dental floss, mouthwash, denture care, and others such as whitening strips, chewing gum, and mouth fresheners. Currently, primary oral care sub-segments collective account for the most prominent chunk of demand, with toothpaste producing the maximum demand.

Gel toothpaste, sensitivity-resistant toothpaste, and gum strengthening toothpaste are a few new products attracting specific customers. On the other hand, the demand for secondary oral care products is projected to increment at a strong CAGR of 14.5% during the forecast period of 2014 to 2020, gaining traction from the introduction of new products in this segment.

Based on distribution channel, the BRICS oral care market has been bifurcated into departmental stores, convenience stores, hypermarkets and supermarkets, vending machines, pharmacies and specialty stores, direct selling, and general merchandise retailers. In 2013, the general merchandising and direct selling segments collectively accounted for 53% of the overall demand, while hypermarkets and supermarkets provided for 27% of the demand.

Country-wise, heavily populated countries of India and China currently produce the most prominent chunk of demand and are anticipated to further gain demand share as we approach 2020. These two countries served 50.6% of total demand in the BRICS oral care market in 2014 and the demand percentage is estimated to increase up to 52.7% by 2020.

Key Segment on the basis of product type

on the basis of product type:
- primary oral care products
  - toothbrush
    - specialised
    - mid-tier
    - kids
  - toothpaste
    - gel toothpaste
    - non-gel toothpaste
- secondary oral care products
  - mouthwash
    - comprises flavoured
    - conventional
    - organic toothpaste
  - dental floss
    - waxed
    - unwaxed
    - flavoured
    - unflavoured
    - thread
    - tape floss
  - denture care
    - denture care products
      - cleanser
      - adhesive
      - paste
    - denture care fixtures
      - complete
      - partial
      - over denture fixtures
  - others
on the basis of product type
- convenience stores
- department stores
- direct selling
- general merchandise retailers
- hypermarkets & supermarkets
- vending machines
- speciality stores & pharmacies
- direct selling
- others

Author

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 ~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

Outdoor Entertainment Goes Big: Outdoor TV Market to Surpass US$ 500 Million by 2030

The Outdoor TV Market is expected to surge at a vigorous 3.2% CAGR during the assessment period 2020 to 2030. Global outdoor TV market to surpass US$ 500 Million in the next five years. An predicts lackluster growth throughout the year, despite a southern demand trend in H1 2020.

Built to Withstand the Elements: Outdoor TVs Take Center Stage

Conventional TVs simply can’t compete with the durability and functionality of outdoor TVs, propelling market growth:

Engineered for Extremes: Outdoor TVs boast a wide operating range, handling blistering heat (up to 122°F) and freezing cold (-4°F), making them perfect for year-round enjoyment.
Residential Rise: While the commercial sector currently dominates outdoor TV sales, the residential market is catching up, driven by a desire for outdoor entertainment experiences.

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Beyond the Living Room: Entertainment Under the Sky

Outdoor TVs are transforming how we celebrate and unwind:

Lifestyle Shift Fuels Demand: The evolving lifestyle of consumers who crave unique experiences is driving the demand for outdoor entertainment solutions.
From Indoor to Outdoor: A desire to incorporate music and entertainment into outdoor gatherings is pushing the transition from indoor to outdoor spaces.

Commercial Appeal: Hospitality Embraces Outdoor Entertainment

The outdoor TV market caters to both residential and commercial needs:

Restaurants and Hotels Lead the Way: The growing popularity of outdoor dining and socializing in hotels is boosting sales of outdoor TVs in the commercial sector.
Beyond Entertainment: Outdoor TVs can be used for digital signage and advertising purposes, adding further value for commercial establishments.

Looking Forward: A Bright Forecast for Outdoor Entertainment

FMI is optimistic about the outdoor TV market’s future, driven by several factors:

Resilience in the Face of Challenges: Despite competition and the recent COVID-19 pandemic, the market has exhibited a moderate growth trajectory.
Global Recovery on the Horizon: The anticipated global economic recovery paves the way for continued growth in the outdoor TV market.
Innovation Ignites Future Growth: Manufacturers who focus on innovative features and cater to diverse outdoor entertainment needs are well-positioned to lead the market.

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It offers in-depth insights into the market. Some of these are:

Technological advancements are fuelling innovation of altered TV sizes and resolution. These developments have made television technologically more advanced and resistant to erratic weather
Rising demand for high resolution TV for outdoor entertainment will boost the market
Increasing production capacity and consistent pressure for price reduction has made outdoor TV less expensive
Some of the leading TV broadcasters and content producers are investment in ultra-high-definition (UHD) technology in order to offer better content to audience. This will have a positive impact on the overall market

Despite witnessing an impressive surge in the last couple of years, the unprecedented COVID-19 outbreak has exposed the vulnerabilities of the market. Since a majority of consumers are either at self-imposed isolation or avoiding public gathering due to the fear of contracting the virus, the sales of outdoor TV will steeply decline.

Nonetheless, FMI foresees hope for the market’s recovery as soon as the coronavirus passes. People from eagerly waiting for economic activities to resume and pandemic to pass. Once it happens, they are likely to resume their outdoor activities, paving way for the expansion of the market.

“Rising interest in sports among audience will be a prime growth driver of the outdoor TV market. Consumers often enjoy hosting outdoor parties during sports season to enjoy the event unfold with their friends and families from the comfort of their backyards. This will boost sales in the residential segment. Commercial places will be driven by the same interest as they seek advanced technologies to keep their customers entertained,” said a lead analyst at FMI.

Who is winning?

Some of the companies profiled in the report are Peerless-AV, SunBriteTV, Platinum, MirageVision, Oolaa, Cinios, SkyVue, AquaLite TV, Luxurite, The TV Shield, Dish, Shenzhen WTV Technology, Cinios, and Seura.

Companies operating in the market are focusing on making their products more advanced and high-performing to lure customers. As a result, FMI observes are higher investment in research and development among the market players.

Because the outdoor TV market is fairly competitive due to the presence of several behemoths, market players give special attention to their promotional activities. In the near future, investment towards market campaigns will surge. Besides this, companies are likely to focus on creating attractive offers to attract customers. The winning imperative identified by FMI for key market actors, is ensuring brand loyalty of consumers. The report discusses several other interesting statistics.

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Outdoor TV Market Key Segment

Product Type

Screen Size

Less than 40 inches
40-50 inches
50-60 inches
60-70 inches
70 inches and above

Screen Type

Flat
Curved

End Use

Commercial
Residential

Price Range

Economy
Mid-Range
Premium

Sales Channel

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Specialty Stores
Multi-brand Stores
Independent Small Stores
Convenience Stores
Online Retailers
Other Sales Channels

Region

North America
Europe
Middle East and Africa
East Asia
South Asia
Oceania
Latin America

Author

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 ~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

Blowing Strong: Facial Tissue Paper Market Set to Reach US$ 5.1 Billion by 2033, CAGR 4.8%

The facial tissue paper market is expected to register a CAGR of 4.8% from 2023 to 2033, to reach an estimated market size of US$ 3.2 billion in 2023 to US$ 5.1 billion by 2033.

150 years ago, the commercialization of tissue papers began in the United States as a component of toiletries, originally as toilet paper. The application of tissue paper gradually expanded to include facial tissue paper. Kimberly Clark Corporation’s release of facial tissue papers under the Kleenex brand was one of the important developments in this industry. The purpose of this launch was to advocate using facial tissues instead of cotton wipes to remove facial moisturizers.

Facial tissue papers were developed and introduced by different firms to replace throwaway hankies. While several companies joined the facial tissue paper market, including Puffs, Angel Soft, and Scotties, Kleenex stayed a common term for facial tissues for a considerable amount of time.

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The market is largely driven by rising disposable income and a more affluent global population. The growing consumer emphasis on hygiene is another key aspect influencing the market. Carrying cotton handkerchiefs could not be convenient since there is a greater occurrence of allergies, colds, and coughs. The facial tissue paper market is also being driven by these reasons.

The market is currently fragmented, with several players present. Manufacturers have prioritized product development in areas including pattern, color, texture, fragrance, and finish throughout the years to increase market share. Further improvements were made to the product, particularly to the packaging. Paper pulp from both virgin and recycled sources is used to make facial tissue papers.

By comprehending the religious and cultural standards and concentrating on those particular clients in developing nations, the current manufacturers could take advantage of market expansion opportunities in these nations. Innovative packaging that takes into account the aesthetics and forms of the design aspects of packaging is another opportunity for industry leaders to hold onto their market share.

Customers in developing nations prefer to use expensive, very absorbent facial tissue papers. Unbleached and entirely recyclable facial tissue papers are another popular item on the market. Manufacturers of facial tissue papers are developing tissues with packaging made without plastic. To increase in-store retail exposure and distinction, these packs are positioned on retail shelves close to the point of sale (POS).

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The facial tissue paper market is dominated by Asia Pacific. Over the forecast period, the region is expected to maintain its predominance. This is a result of the increasing usage of tissue papers of various types for domestic and professional reasons. The two main determinants of market expansion in this region are increasing domestic consumption of products that support hygiene maintenance and expanding awareness of the advantages of maintaining good hygiene.

Key Takeaways

The market in the United States is projected to reach a value of US$ 5.05 billion in 2023, exhibiting a CAGR of 4.7%.
The facial tissue paper market in the United Kingdom is predicted to expand at a 2.5% CAGR to reach US$1.04 million in 2023.
The market in Germany is projected to reach US$ 2.05 billion by 2033, registering a CAGR of 3.6%.
In 2023, the market in Japan is anticipated to be worth US$ 1.7 billion.
Over the forecast period, it is expected that the China facial tissue paper market could develop at a CAGR of 6.9%.

Competitive Landscape

The top manufacturers of the facial tissue paper market are Procter & Gamble, Kimberly-Clark Corporation, Georgia-Pacific LLC, CMPCTissue, Metsa Tissue, Cascades Inc., Asia Pulp & Paper, Svenska Cellulosa Aktiebolaget SCA, Hengan International, Sofidel Group, C&S Paper Co. Ltd, Wepa Group, Vinda International Holdings Limited, Fujian Hengan Group Ltd, and Kruger Products L.P.

Manufacturers in the facial tissue paper industry are always coming up with new products to satisfy customer demand for softer, stronger, and more environmentally friendly goods. To enhance product performance and lessen their impact on the environment, they are investing in innovative materials and production techniques. The product portfolios of many companies are also being expanded to offer specialist tissues for functions including cold and flu treatment, makeup removal, and sensitive skin.

RECENT DEVELOPMENTS

With the introduction of unbleached, 100% recycled beige facial tissue, Cascades Tissue Group announced another “First”. With the elimination of chemical whitening and a 25% reduction in environmental effects, Cascades® MokaTM facial tissue expanded the company’s portfolio of environmentally friendly, single-use paper products.
Vinda made press history by hosting the first-ever hygiene company news conference in support of its Superbrand Day campaign with JD.com and revolutionary tissue paper technology. More than 200 representatives from Vinda, JD.com, and the tissue and technical industries attended the event.

Key Segment

On the basis of Product Type:

regular
anti-viral
recyclable Facial Tissue Papers

On the basis of Packaging Type:

box packaging
pocket packaging
On the basis of Use-case:
residential
commercial sub-segments

On the basis of the Distribution Channel:

wholesalers/distributors, hypermarkets/supermarkets
drug stores
independent small stores
online stores
others

On the basis of Region:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

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 5000 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

Precision Pouts: The Lip Powder Market Primed for Growth at a CAGR of 5.8% by 2033

The net valuation of the market is pegged at US$ 467.4 million in 2023 according to the latest lip powder market report. Over the forecasted period from 2023 to 2033, the global sales of lip powder are expected to develop at a CAGR of 5.8%. Furthermore, by 2033 end, the overall valuation of the market is forecasted to reach US$ 821.4 million.

Rising lip powder sales in recent years indicate a profound change in cosmetic tastes, with customers favoring adaptable, long-lasting, and cost-effective cosmetics. The support of influencers and celebrities over lip powder brands, and a growing need for diversity and ethical sourcing, are also fueling this movement.

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Improving beauty and its positive impact on enhancing one’s sense of self are igniting consumer interest in lip powder and other cosmetic products. Besides that, cutting-edge developments in lip powders with luxurious packaging are also most likely to propel the market during the forecast years. Also, an increase in the percentage of working women brought on by rapid urbanization could have an influence on higher sales of lip powder.

Key Takeaways from the Lip Powder Market Study

In 2022, the United States witnessed a 25.8% share of the global sales of lip powder, dominating the entire global market.
Germany leads the market with a 5.8% global market share in the year 2022.
Japan is likely to register a 9.7% growth rate.
The market in China might follow a 7.6% annual growth rate in the forecast period.
The palettes sub-segment captured 53.9% of the global market revenue in 2022.
The under-30-year-old age group became the leading end user of lip powder in 2022 with a 37.4% market share.

“Leading market players are also spending highly over sponsorship of social media videos by influencers to enhance their market position. Moreover, endorsing celebrities and its frequent appearance on the lips of fashion enthusiasts has surely helped brisk sales of lip powder,” says an FMI analyst.

Competitive Landscape for the Lip Powder Market

Low competition in the lip powder market enables smart ventures into undeveloped territory that hold huge potential for sales of organic cosmetics. Nevertheless, in the ever-changing and highly competitive beauty market, innovative marketing approach has considerably fragmented the overall market.

Lip powder companies have an immense chance to pioneer new formulas and concepts to appeal the customers’ changing tastes. For the great attractiveness of lip powders for beginners, additional textures, coatings, or skincare advantages might be introduced. Besides, social media advertising is among the most successful strategies utilized by many lip powder businesses these days.

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Key Players:

L’Oréal S.A.
Maybelline LLC
MAC Cosmetics
By Terry
NARS Cosmetics
Stellar Beauty
Urban Decay Cosmetics
NYX PROFESSIONAL MAKEUP
BUXOM Cosmetics
Clinique Laboratories, LLC
CLE COSMETICS
Lique Cosmetics
Revlon, Inc.
Christian Dior SE
Cult Beauty Ltd.
CHANEL Company
Essence Cosmetics
Sephora USA, Inc.
Huda Beauty
Younique, LLC

Recent Developments in the Lip Powder Industry

Revlon Company introduced its brand-new product line of lip powder under the name of High Fever in November 2022. This limited edition of 5 5-tone color charge lip powder palette, has countless options for personalizing and enhancing users’ lip appearance.
In October 2022, CHENEL Company released its ‘Rogue Allure’ liquid powder matte lipstick. This new product has been specially designed to change user’s go-to beauty look particularly after the summer season.

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Key Segmentations:

By Form:

Palettes
Pens

By End User:

Under 18 Age Group
Up to 30 Age Group
Up to 45 Age Group
Above 45 Age Group

By Sales Channels:

Specialty Outlets
Convenience Stores
Beauty Stores
E-Retailers
Other Sales Channels

By Region:

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

Author

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 ~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