Market Research Blog – Page 3656 – New Product Development

High Speed Steel Tools Forecasted to Attain US$10.6 Billion Market, Says Future Market Insights Report

The high-speed steel (HSS) tools market is expected to be worth US$ 5.6 billion in 2022. The market is expected to develop at a compound annual growth rate (CAGR) of 6% between 2023 and 2033. According to Future Market Insights, the high-speed steel (HSS) tools market is expected to reach US$ 10.6 billion by the end of the 2023 to 2033 forecast period.

The HSS tools market is expected to keep recording a positive trajectory owing to increasing demand across various manufacturing and production industries. Besides this, investments in machinery for Industrial sectors will guarantee growth through the forecast period.

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The unprecedented challenges triggered by the COVID-19 outbreak had a severe impact on the global economy. It has resulted in a complete shutdown of supply chain networks and manufacturing activities.

Amid the crisis, the HSS tools market recorded tepid growth in sales. However, it is expected to recover sharply through 2021 as economic activities resume post the containment of the pandemic.

Manufacturers are focusing on research and development for launching advanced products with higher levels of durability and improved life cycles. These factors are expected to positively influence growth in demand for HSS tools during the assessment period.

Key Takeaways of the HSS Tools Market Study

Drills are projected to account for over 30% of the HSS tools sold through 2031 owing to strong demand from the metal cutting industry.
Coated fabrication accounts for more than 67% of the market on the back of higher durability of end products.
Germany holds the lead in the Europe market accounting for a valuation of US$ 249.2 Million in 2021 owing to the presence of key manufacturing and processing facilities.
The U.S. holds 86% of the overall North American market, supported by robust supply chains and access to updated technologies.
India will account for a valuation of US$ 287.3 Million in 2021, driving the South Asia and Pacific market to surpass North America by the end of 2031.

Who is Winning?

The HSS tools market is moderately fragmented, in which the leading players account for more than 50% of the market share. The penetration of small regional players makes this market more competitive.

These players have higher shares in the global market, and have longstanding relationships with a number of distributors and end users, giving them an upper hand among their peers.

Some of the key players in the market are Sandvik AB, Mitsubishi Materials Corporation, OSG Corporation, Kennametal Inc., YG-1 Co., Ltd., TTI Group, Stanley Black & Decker, Inc, Tiangong International Co. Ltd., Sumitomo Electric Hartmetall GmbH, TDC Cutting Tools Inc., CERATIZIT S.A., KYOCERA Corporation, Gühring KG, Walter AG, RUKO GmbH, Tivoly SA, Alpen-Maykestag Gmbh, Izar Cutting Tools SaL, August Beck GmbH & Co. KG, Karnasch Tools, Krino Spa, Dürr AG, PT GmbH, Bohrcraft Werkzeuge GmbH & Co. KG, VÖLKEL Threading Solutions, PFERD GmbH & Co. KG, IMC International Metalworking Companies B.V., Allied Machine & Engineering Corp, Narex S.R.O. among others.

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High-Speed Steel (HSS) Tools Market by Category

By Tool Type:

Drill Taps
- Combo Taps
- Spiral Flute Taps
- Spiral Point Taps
- Taper Pipe Taps
- Fluteless Taps
- Machine Taps
- Hand Taps
- Round Dies
Drills
- Extra Length Drill
- Double Ended Body Drill
- Straight Flute Drill
- Spiral Drill
- Slow Helix
- Taper Pin Drills
- Straight Shank Drills
- Taper Shank Drills
- Parallel Shank Drills
- Aircraft Extension Drills
- Worm Pattern Drills
- Central Drills
- Spade Drills
- Step Drills
- Sheet Drill
- Spot Drills
- Slot Drills
Mills
- End Mills
- Hollow Mills
- Threaded Mills
Countersinks
- Single Flute Based
- Three Flute Based
- Deburring Countersinks
Cutters
- Back Spot Face Cutters
- Slot Cutters
- Routing Cutters
- Corner Rounding Cutter
- Single Flute Deburring Cutter
- Annular Cutter
- Dovetail Cutter
- Woodruff Cutters
Reamers
- Drill Reamers
- Socket Reamers
- Ball Pin Reamers
- Taper Shank Bridge Reamer
- Angle Reamer
- Sprue Bush Reamers
- Extra Length Reamers
- Chucking Reamers
- Diemaker Based Reamers
Drill Blanks and Sets
Square Tool Bits
Counterbores
Round Bits
Rotary Burrs
Hole Saws

By Fabrication:

Coated
Non-Coated

By Configuration:

Hand Based
Machine Based

By End Use Industry:

Metal Fabrication
Automotive and Transportation
- Automotive
- Railways
- Aerospace
- Marine
Heavy Machinery
Construction
Furniture & Carpentry
Oil & Gas
DIY
Other Manufacturing

By Region:

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

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 is 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 5,000 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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Donor Egg IVF Market Targets US$ 4.47 Billion by 2028

Donor Egg IVF (In-Vitro Fertilization) Market

The donor eggs used in in vitro fertilisation (IVF) market size is predicted to be valued US$2.86 billion by 2022. The use of donor eggs in IVF is becoming more and more common because to its higher success rate. The market is anticipated to develop at a strong compound yearly growth rate (CAGR) of 7.7% between 2022 and 2028, with a projected value of over US$ 4.47 billion by that year.

Adoption of donor egg IVF treatment accounted for the approximate revenue of US$ 2 billion in 2021, which are likely to witness a healthy spike by 6.7% in 2022. Future Market Insights (FMI) recently presented a research study on the global Donor Egg IVF Market, according to which a majority of overall adoption is registered at fertility clinics and IVF centers.

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A Majority of Patients Seek Donor Egg IVF Treatment at Fertility Clinics & IVF Centers

Donor egg IVF is a procedure in which technological and pharmacological manipulation is used to help and promote pregnancy, the procedure has gained significant ground globally, in recent years. Donor egg IVF has rapidly become one of the most sought after fertility treatment alternatives among the infertile population.

The study opines that fresh donor egg cycle has been preferred over frozen donor egg cycle, attributed to the associated high rates of pregnancy and successful births. Currently, nearly 70% of donor egg IVF treatment adoption is recorded at IVF centers and fertility clinics, and more than 70% of the times, the procedure is conducted by using fresh donor egg cycle.

In the fresh donor egg cycle, eggs are retrieved, following which they are fertilized immediately and directly transferred to the recipient’s womb (uterus). The birth rate and pregnancy rate by using fresh donor egg cycle are estimated to be more than 36% and 55%, respectively. On the flipside, the birth rate and pregnancy rate by using a frozen donor egg cycle are just about 24% and 39%, respectively. According to the report, enhanced pregnancy and birth rates will continue to advocate preference for fresh donor egg IVF over frozen.

The Rising Burden of Infertility Pushing Scope of Egg Donor IVF Adoption

As concluded by FMI’s analysis, with an increasing number of couples postponing first pregnancy that generally leads to higher prevalence of age-related infertility issues, it is highly likely that procedures such as in-vitro fertilization (IVF) and a step ahead, donor egg IVF, will continue to witness robust demand in years to come.

Research has proven that the number of women with ovaries that have untimely ceased to function has been on a considerable rise over the recent past, and thus, donor egg remains the only chance for them to conceive and lead a successful pregnancy period. The increasing infertility burden is complemented by a strong increase in the number of female egg donors, which has been cited as another important factor pushing prospects of donor egg IVF market.

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Europe’s donor egg IVF market is expected to witness strong growth in forthcoming years, followed by North America, as a result of high inbound of infertile population opting for fertility treatment, across the region. Moreover, the expensive costs of donor egg IVF treatment and favorable government initiatives and reimbursements on the same are accounting for prominence of these regions in global donor egg IVF industry. The report also indicates that donor egg IVF market in Asia Pacific will demonstrate high growth potential through the coming years, as a considerably large patient pool is seeking fertility solutions.

A majority of European countries offer good service at a reasonable budget for donor egg IVF procedures and some countries, such as Brazil and Australia, reimburse 50% of the treatment cost for unsuccessful donor egg IVF procedures, or reimburse other expenses such as accommodation or out-of-pocket costs for egg donors.

Donor Egg IVF (in-vitro fertilization) Market by Category

By Cycle Type:

Fresh Donor Egg Cycle
Frozen Donor Egg Cycle

By End User:

Direct / Patient
Hospitals
Fertility Clinics & IVF Centres

By Region:

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

Author By:

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 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

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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High Barrier Packaging Films Market Opportunities: Industry Growth, Revenue, Trends and Key Players

High barrier packaging films are specialized materials designed to provide exceptional protection against moisture, oxygen, light, and other external factors that can compromise the quality and shelf life of packaged products.

The global High Barrier Packaging Films Market is poised for significant growth, with a projected value exceeding US$ 18.5 billion by 2023. This upward trajectory is expected to continue with a moderate Compound Annual Growth Rate (CAGR) of 3.9% throughout the estimated time frame from 2023 to 2033. By the end of this period, the market is anticipated to reach a substantial value of US$ 33.6 billion.

The surging global demand for meat is poised to be a driving force behind the increasing sales of high-performance polyethylene films. These specialized films are well-suited for the packaging of meat, poultry, and fish, offering a range of benefits that cater to the specific requirements of these products. Notably, these films exhibit exceptional heat resistance, durability, and an outstanding oxygen barrier, ensuring the preservation and protection of meat products throughout their shelf life. This unique combination of attributes positions polyethylene films as a preferred choice for meat packaging, meeting the rigorous standards of the industry.

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Growth Factors

Transparent and see-through packaging has a significant influence on food and beverage products. High barrier packaging films are crafted using specialized materials that serve as a functional shield, preserving the quality, aroma, taste, and texture of food items. These films find extensive application in packaging a wide array of food products, including dairy items, fruits, and vegetables.

The increasing demand for high barrier packaging films can be attributed to their exceptional oxygen barrier properties, durability, lightweight characteristics, and resistance to heat. These attributes are driving their popularity, and their demand is expected to soar over the foreseeable period. Another crucial factor contributing to the robust sales in this market is the global surge in meat consumption. This trend underscores the versatile application of high barrier packaging films and their relevance in the food and beverage industry.

For instance,

In December 2022, AlphaFlex Corporation, a renowned player in the packaging industry, inaugurated its state-of-the-art flexible packaging facility in China, marking a significant milestone in its expansion strategy. The new plant, touted as China’s largest of its kind, underscores AlphaFlex’s commitment to meeting the surging demand for flexible packaging solutions across the Asia Pacific region.

Similarly, in June 2022, EcoPack Innovations, a leading provider of sustainable packaging solutions, was honored with the prestigious International Sustainability and Carbon Certification (ISCC) award for its exemplary use of recycled materials in its product range. This recognition reaffirms EcoPack Innovations’ dedication to environmental stewardship and underscores its role as an industry trailblazer in sustainable packaging practices.

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Key Market Players

Amcor Plc
Sealed Air Corp
Glenroy, Inc.
Winpak Ltd.
Mondi Plc
Toray Plastics (America), Inc.
Berry Global, Inc.
Schur Flexibles GmbH
Huhtamaki Oyj
Jindal Poly Films Ltd.
Uflex Ltd.
Cosmo Films Ltd.
Bischof & Klein SE & Co. KG
Plastissimo Film Co., Ltd.

Segments Covered:

Film Type
Material Type
Packaging Type
End User
Region

Contact Us:

Nandini Singh Sawlani

Carbide Tools Market: Decoding Segmentation, Key Players, and Trends Towards 2033

Sales in the global carbide tools market are slated to top US$ 7.6 Billion in 2023. Expanding at a healthy 7.1% CAGR, the market size is projected to total US$ 15 Billion by 2033.

Estimated at a healthy Y-o-Y growth of 6.4%, global revenues of the carbide tools market are set to exceed US$ 7 billion in 2022. FMI’s analysis concludes that mills and drills collectively account for just under 60% share in the total revenue generated through carbide tools sales.

According to the report, drills and mills will continue to be the most popular carbide tool types. Carbide drills, on the other hand, appear to have an advantage over carbide mills due to higher adoption for automotive applications, particularly those related to automotive engines.

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According to the report, the latter are expected to gain prominence in fabrication. Furthermore, rising demand for thermal deburring applications is expected to boost carbide burr sales in the near future.

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configurations. The report highlights significant opportunities in automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering a higher preference for machine-based over hand-based configuration.

Almost 90% of carbide tools are coated, which affirms their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI anticipates that the revenue of coated tools will remain dominant over non-coated tools, as performance has become paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research.

While the adoption of carbide tools for automotive and fabrication end-use applications holds more than 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in the carbide tools market.

Europe has been spearheading the expansion of the carbide tools market, which is likely to receive strong support from towering sales of EVs in the region. The report underscores the remarkable contribution of China and India to the global market revenue.

Spectacular growth of the automotive components and metal fabrication industries has been instrumental in fueling the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to the adoption rate of carbide tools within the aforementioned countries.

According to the report, the collective share of China and India currently equates just under a fourth of the global value, likely to thrive at a robust pace in the years to come.

FMI has covered a detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to the promising entry of new market players. While entrants are likely to maintain their focus on economic costs during new product launches, leading companies will continue to prioritize expansion.

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Carbide Tools Market By Category

Tool Type :

Circular Saw Blades
CNC Inserts
Router Bits
Cutters
Mills
Tap & Dies
Reamers

End Use :

Metal Fabrication
Automotive & Transportation
- Automotive
- Railway
- Aerospace
- Marine
Heavy Machinery
Construction
Furniture & Carpentry
Oil & Gas
- Fabrication
- Manufacturing Purposes
Other Manufacturing

Fabrication :

Coated
Non-coated

Configuration :

Hand-based
Machine-based

Region :

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Radiating Growth: Radiotherapy Patient Positioning Accessories Market Projects 4.8% CAGR from 2023 to 2033

The radiation patient positioning accessories market sale is anticipated to increase at a compound annual growth rate (CAGR) of 4.8% between 2023 and 2033, based on FMI’s most recent evaluation of the market. The market is expected to reach a valuation of US$ 619.5 million in 2023. It is projected that the valuation will reach US$ 993.6 million by 2033.

Due to the rising need for radiation therapy treatments, the market for radiotherapy patient positioning and immobilization is anticipated to expand significantly in the future years. Accessories for radiotherapy are available on the market that assists in precisely positioning and immobilizing patients during radiation treatments. In particular, the launch of novel products including robotic patient positioning systems and 3D-printed positioning accessories is expected to fuel the market expansion.

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Also, the demand for precise and efficient radiation therapy treatments is driving significant growth in the market for radiotherapy patient positioning accessories. In the upcoming years, this market is projected to expand as new technologies are created and embraced.

Besides, more patients are turning to these products as awareness of the value of radiation safety and comfort emerges. On the other hand, expensive radiation equipment, a shortage of qualified workers, and strict government regulations can all impede market expansion.

Key Takeaways:

The radiotherapy patient positioning accessories market is predicted to record a CAGR of 8% through 2033.
The market in the United States is expected to record a CAGR of 4.2% over the forecast period.
The radiotherapy patient positioning accessories market is anticipated to reach a valuation of US$ 619.5 million in 2023.
The radiotherapy patient positioning accessories market is expected to surpass US$ 993.6 million by 2033.
FMI states that the hospital segment is estimated to record a CAGR of 3.9% over the forecast period.
The radiotherapy patient positioning accessories market recorded a CAGR of 6% from 2018 to 2022.
According to Future Market Insights, by 2023, sales of radiotherapy patient positioning accessories are expected to be dominated by the couch tops & overlays category, with more than 1/5 of the market.
The market in the United Kingdom is expected to record a CAGR of 4.2% over the forecast period.

Competitive Background:

The key players operating in the radiotherapy patient positioning accessories market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the radiotherapy patient positioning accessories market. As a result, market participants are likely to have a better overall revenue share in the global radiotherapy patient positioning accessories market.

Significant Key Players in the Radiotherapy Patient Positioning Accessories Market Include:

Bionix Radiation Therapy
CDR Systems
CIVCO Radiation
Orfit Industries N.V.
IZI Medical Products
Klarity Medical Products
Qfix, Elekta AB
Eckert & Ziegler BEBIG

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Radiotherapy Patient Positioning Accessories Market

By Product Type:

Couch Tops & Overlays
Immobilization System
Head Rest
Cushions
Spacers & Wedges
Arm & Wrist Supports
Thermoplastic Masks & Sheets
Locating & Indexing Bar
Bite Positioner
Markers

By End User:

Hospitals
Radiation/Proton Therapy Centers
Cancer Research Institutes

Region:

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

Author By:

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 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

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

Mucus Clearance Devices Market Poised to Exceed US$ 847.0 Million by 2028

By 2022, sales of mucus clearance devices market are predicted to reach US$ 595.2 million worldwide. By 2028, the market is projected to have grown at a strong compound yearly growth rate of 6.1% and be worth US$ 847.0 million. The report has been followed by the Mucus Clearance Devices Market for the ten-year forecast period of 2022 to 2028.

According to a recent market research study of Future Market Insights (FMI), more than 5 million units of mucus clearance devices were sold in 2021. The sales will reportedly increase by a robust 7.7% in 2022, as per the Y-o-Y growth calculated in the report. A majority of the demand for mucus clearance devices is accounted by home care settings, followed by hospitals.

On other hand, stringent regulatory guideline by FDA for the approval of medical devices is likely to act as roadblock for the mucus clearance devices market. In addition, lack of awareness about the symptoms of cystic fibrosis and COPD in developing economies is another factor that is likely to hamper the growth of the mucus clearance devices market. Furthermore, the treatment rate for respiratory disorders is much lesser in low- and middle-income countries, which is also hampering the growth of the mucus clearance devices market.

North America is the most prominent region in the global mucus clearance devices market, with over 2/5^th of the total market volume. North America’s market for mucus clearance devices is followed by Europe and East Asia, and the report points to attractive opportunities residing in India, Brazil, and South Africa.

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Key Takeways:

Growing Demand: The mucus clearance devices market is experiencing significant growth due to the rising prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), cystic fibrosis, and asthma.
Technological Advancements: Advances in medical technology have led to the development of innovative mucus clearance devices, providing more effective and patient-friendly solutions for respiratory care.
Aging Population: The aging population is contributing to the expansion of the mucus clearance devices market, as elderly individuals are more susceptible to respiratory issues that require these devices.
Homecare Settings: Increasing adoption of mucus clearance devices in homecare settings is a notable trend, allowing patients to manage their conditions more conveniently and reducing the burden on healthcare facilities.
Rising Awareness: Growing awareness among patients and healthcare professionals about the importance of airway clearance therapies for better respiratory health is boosting market demand.
Geographical Expansion: The market is witnessing geographical expansion, with a focus on emerging markets, as healthcare infrastructure and awareness improve in these regions.
Competitive Landscape: The mucus clearance devices market is competitive, with several key players vying for market share through product innovation and strategic collaborations.

Key Players:

Leading distributers and suppliers operating in the global mucus clearance devices market are eyeing opportunities in the E-commerce sector. Online introduction and sales of innovative mucus clearance devices is being practiced by several companies to minimize costs associated with supply, distribution, and operation. Online availability also tends to attract a wider consumer base as it enables products comparison, according to research.

The rising focus of the leading medical device manufactures to launch novel mucus clearance devices such as SmartVest is expected to lead to the robust growth of the mucus clearance devices market. Smart mucus clearance devices that are being developed on a similar line of SmartVest have the smartphone-connectivity feature that allows doctors and respective hospitals to have ready access to real-time data, which can be further provided to telemedicine service providers. According to the report, such advanced technology enabled innovations will play a crucial role in boosting demand for mucus clearance devices in the near future.

Hill-Rom Inc., the global leader in mucus clearance devices landscape, currently represents an approximate 35% share in the market revenue. The report also profiles several other prominent players competing in the mucus clearance devices market, which include Allergan plc, Koninklijke Philips N.V., Respiratory Technologies, Inc., Smiths Medical, Electromed, Inc., Monaghan Medical Corporation, Dr. Burton Healthcare LLC, Actegy Limited, Westmed, Inc., International Biophysics Corporation, Thayer Medical, R. Cegla GmbH & Co. KG, Medical Acoustics LLC, VORTRAN Medical, and PARI Medical Holding GmbH.

Key Segments:

Cycle Type:

HFCWO Devices
OPEP Devices
MCA Devices
IPV Devices
PEP Devices

Indication:

Cystic Fibrosis
COPD
Bronchiectasis
Others

End User:

Direct/Patient
Hospitals
Fertility Clinics & IVF Centers

Region:

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

Author By:

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 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

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

Activated Charcoal Supplements Market Set for Holistic Growth, Aiming at a CAGR 11% by 2029

Surging intestinal diseases coupled with eco-friendly properties of activated charcoal will drive growth for activated charcoal supplements between 2019 and 2029. The activated charcoal supplements market will grow at an astounding CAGR of more than 11% during the forecast period.

Activated Charcoal Powder exhibits share-wide dominance over capsules, tablets, and other alternative product types. This can be attributed to the highly soluble nature of activated charcoal powder which makes it an effective method to utilize its medical properties.

Powder is closely followed by tablets which hold more than 1/4th of the market share. Glacial to adapt to changing trends, the geriatric population still prefers tablets over capsules, powder, or other product types. Since, a majority of consumers belong to the geriatric population, tablets are well-poised as the second most preferred product type.

Key Takeaways of Activated Charcoal Supplements Market Study

Powder product types will gain maximum growth owing to its highly soluble nature. The segment exhibits continued share-wide dominance through the end of 2029.
Tablets are second most demanded product type owing to the popularity of tablets among geriatric population which forms a majority of activated charcoal supplement consumers.
North America holds over 1/4^th of the market share, followed by Latin America and Europe which collectively account for more than 1/4^th of the total market value.
East Asia offers the most remunerative growth opportunities with an astounding 13% CAGR during the forecast period.
Drug stores generate maximum sales which makes this sales channel a leader in the segment. This is followed by health & beauty stores that cater to the millennial audience.

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Activated charcoal is organic in nature and versatile in use-cases. The global activated charcoal supplements market will leverage these properties and garner multiplying revenues during the forecast period. Market players must invest in research and development of use-cases and manufacturing processes. -Says FMI Analyst

Industrial Use-Cases Bolster Sustainable Growth

Industrial purification employs activated charcoal to effectively control mercury levels. Governments around the world are introducing stringent regulations to keep industrial pollution in check. In the near future, it is expected that activated charcoal will bolster growth in many industrial use-cases such as coal-fired power plants, clinker cement plants, and other industries that use large boilers in the manufacturing process. Market players stand to gain from this industrial trend, given they are prepared with innovative applications of activated charcoal supplement in various applications such as water treatment, hydrogen sulfide removal, chlorine removal, and air purification.

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Who is winning?

Winners in the activated charcoal supplements market strategically position their R & D centers, adopt innovative development strategies, and embrace industry 4.0 technologies such as Industrial Internet of Things, cloud computing, artificial intelligence, and machine learning. Market players that embody this winning personality in different capacities are ADA-ES, Inc., Boyce Carbon, Jacobi Carbons AB, Cabot Corporation, Calgon Carbon Corporation, CarboTech AC GmbH, Evoqua Water Technologies LLC, Osaka Gas Chemicals Co, Oriental Trading Co., Ltd., and Kalpachar Products Pvt.

What does the future hold?

Increase in government regulations on mercury, hydrogen sulfide, chlorine, and water contamination is expected to provide future growth opportunities. Developing application in medical treatments, liquid purification, and gas phase purification processes is expected to thrust market growth. Commercial end-use industry will grow on the back of increasing awareness among consumers and multiplying cases of intestinal diseases.

The global activated charcoal supplement market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Capsules
Tablets
Powder
Others (Granules, Gel, etc.)

By Sales Channel

Drug Stores
Health & Beauty Stores
Modern Trade
Third-Party Online Channels
Company Online Channels
Practitioner Channels

By Primary Function

Antidiarrheal
Detoxification
Anti-Bloating

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Catechins Market Brewing Success, Projected to Reach US$ 31.9 million by 2033

The global catechins market is expected to develop significantly, with a value of US$ 18.5 million in 2023. A CAGR of 5.9% is predicted to be maintained by year 2033. Such consistent growth estimates indicate that the worldwide catechins market is on pace to achieve an astounding valuation of US$ 31.9 million by 2033.

Key Market Trends and Highlights

Growing awareness of the health benefits of catechin is driving consumer demand for products containing this compound. As people become more health conscious, they are actively seeking out catechin-rich foods and beverages to support their well-being.
Functional foods and beverages, which offer health benefits beyond basic nutrition, are gaining popularity worldwide. Catechin, known for its health-promoting properties, is increasingly incorporated into these products, further fueling market growth.
Favorable government policies and increased consumer spending on health-related products are contributing to the growth of the catechin market. Governments are recognizing the potential health benefits of catechin and offering support to the industry.
While the catechin market shows significant potential, it also faces challenges due to stringent government regulations in the food and beverage industry. Such regulations can impede market growth and require manufacturers to meet specific quality and safety standards.

This growth was primarily driven by the increasing awareness surrounding the extraction and utilization of catechins in various industries. Consumers and businesses alike have recognized the potential health advantages offered by catechin-rich products, propelling their demand.

The rise in health consciousness among consumers has significantly contributed to the popularity of catechin-infused products. With consumers becoming more proactive about adopting healthier dietary habits, catechin-rich foods, and beverages are anticipated to witness strong market growth in the years ahead.

Key Takeaways from the Catechins Market Study:

Based on end-use application, nutraceuticals are expected to dominate at a market share of 56.8% by 2033.
Based on the source, the tea is likely to register a market share of 77% by 2033.
The catechin market size expanded at 5.2% CAGR between 2018 and 2022.
India is estimated to reach US$ 20.4 million and expand at a CAGR of 4.9% by 2033.
Japan is anticipated to experience significant growth, with a current valuation of US$ 18 million and a projected value share of 3.2%.

“Functional foods and beverages are becoming increasingly popular among consumers as they help to prevent various illnesses and disease and is considered one of the key drivers of the catechin market”, says Nandini Roy Choudhury, Client Partner at Future Market Insights. .

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Competitive Landscape of Catechins Market:

The catechin industry consists of a consequential number of market players. Research and development are mainly used for the introduction of environment-friendly product lines from the core aspect of these manufacturers. In addition to this, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Key Companies Profiled
Botaniex Inc.
Hunan Sunfull Bio-tech Co., Ltd.
Chengdu Wagott Bio-tech Co. Ltd.
Novanat Bioresource, Inc.
Hangzhou Qinyuan Natural Plant High-tech Co., Ltd.
Taiyo Green Power Wxee
Arjuna Natural Extracts Ltd.
BiosynthCarbosynth,
Cayman Chemical Company
INDOFINE Chemical Company Inc.
Some of the new developments are-
In April 2020, Botaniex, a prominent catechin manufacturer, innovated a decaffeination and extraction technique for catechin extraction, eliminating the need for ethyl acetate in the process.
In September 2022, the tea sector, driven by increasing consumer awareness of the myriad benefits associated with incorporating green tea catechins into their diets has emerged as the dominant player in the catechin market. It secures a significant market share.

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Catechins Market by Category:
By Type:

Epigallocatechin (EGC)
Epigallocatechin-3- Gallate (EGCG)
Others

By Source:

Tea
Fruits
Vegetables
Others

By End-Use Application:

Nutraceuticals
Beverages
Pharmaceuticals
Mouth Rinsing Agents
Other Applications

By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

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.

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Industrial Drum in Japan: Forecasted 3.5% CAGR Growth Through 2033 – Exploring Trends, Opportunities, and Future Prospects

With a forecasted Compound Annual Growth Rate (CAGR) of 3.5% through 2033, the industrial drum ecosystem in Japan anticipates steady expansion. The industry is primed to encounter notable opportunities, with an estimated value reaching US$ 360.3 million in 2023. These projections underline the growing demand for industrial drums in Japan, propelled by factors such as industrialization, manufacturing activities, and increasing reliance on bulk packaging solutions. As the market continues to evolve, manufacturers and stakeholders are expected to leverage these opportunities to innovate and cater to the diverse needs of industries requiring efficient and reliable storage and transportation solutions.

Industrial Drum in Japan- Boosting Factors Industry

Increasing industrialization and manufacturing activities drive demand for industrial drums in Japan.
Growing reliance on bulk packaging solutions for storage and transportation purposes.
Expansion of various industries such as chemicals, pharmaceuticals, and food processing necessitates the use of industrial drums.
Favorable government regulations and initiatives promoting safe and efficient storage practices.
Rising awareness about the importance of proper waste management and environmental conservation.
Technological advancements in drum manufacturing processes enhance durability and efficiency.
Collaboration between manufacturers and end-users to develop customized drum solutions tailored to specific industry requirements.
Strategic partnerships and alliances to expand distribution networks and reach a wider customer base.
Adoption of sustainable practices and materials in drum production to align with environmental goals.
Increasing focus on innovation to meet evolving industry needs and stay competitive in the market.

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Growth Drivers:

Manufacturing Sector Expansion: Japan has a robust manufacturing sector, including automotive, electronics, and chemicals, which drives demand for industrial drums for storage and transportation of goods.
Export Market Growth: Japan’s export-oriented economy necessitates efficient packaging solutions like industrial drums for shipping various products abroad, contributing to industry growth.
Technological Advancements: Innovations in materials, designs, and manufacturing processes improve the durability, safety, and efficiency of industrial drums, attracting customers and driving market growth.
Environmental Regulations: Increasing focus on sustainability and environmental regulations encourages the adoption of reusable and recyclable industrial drums, boosting market demand for eco-friendly solutions.
E-commerce Expansion: The growth of e-commerce platforms and online retailing increases the need for efficient packaging solutions, including industrial drums, to meet the demands of online consumers.
Infrastructure Development: Ongoing infrastructure development projects in Japan and neighboring countries create demand for industrial drums for construction materials transportation and storage.

Industry Restraints:

Raw Material Costs: Fluctuations in raw material prices, such as steel and plastics, can affect the production costs of industrial drums, impacting profitability and pricing strategies.
Competitive Pressure: Intense competition within the industrial drum industry, both domestically and internationally, can squeeze profit margins and hinder growth opportunities for companies.
Regulatory Compliance: Adherence to stringent regulations regarding the design, manufacturing, and transportation of industrial drums adds compliance costs and complexities for industry players.
Supply Chain Disruptions: Disruptions in the global supply chain, such as natural disasters, geopolitical tensions, or pandemics, can disrupt the procurement of raw materials and components, affecting production and delivery schedules.
Substitute Products: Alternative packaging solutions, such as intermediate bulk containers (IBCs) or flexible packaging options, pose a threat to the market share of industrial drums, especially in certain applications where they offer advantages in cost or flexibility.
Environmental Concerns: Despite efforts towards sustainability, concerns regarding the environmental impact of industrial drum disposal and recycling processes remain, potentially influencing consumer preferences and regulatory measures.
Economic Factors: Economic downturns, currency fluctuations, or changes in consumer spending patterns can affect overall demand for industrial drums, impacting industry growth prospects.

Key Players:

Arimitsu
Ishida Kikai
Riken Corporation
Mauser Packaging Solution

Competitive Landscape

Nippon Steel Corporation is a key player in the steel drum sector in Japan. It produces a variety of steel drums used for industrial purposes, including for the storage and transportation of chemicals, hazardous materials, and other substances.
Sumitomo Corporation is a diversified corporation with interests in various industries, including the industrial drum sector. They provide a range of packaging solutions, including steel drums, for industrial applications.

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Industrial Drum in Japan Landscape by Category

By Product Type:

Steel Drum
Plastic Drum
Fiber Drum

By Capacity:

Up to 100 Liter
100 to 250 Liter
250 to 500 Liter
Above 500 Liter

By End Use:

Food & Beverages
Chemical & Fertilizers
Pharmaceuticals
Petroleum & Lubricants
Building & Construction
Paints, Inks, & Dyes
Other End Uses

By City:

Kanto
Chubu
Kinki (Kansai)
Kyushu and Okinawa
Tohoku

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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

The Digital Dining Revolution: Online Food Delivery Services Market Anticipates a Feast at US$ 97,291.58 Valuation by 2032

During the forecast period 2022-2032, the online food delivery services market is expected to grow at a value of 9.8% CAGR, according to Future Market Insights. By the year 2032, the global market for online food delivery services is expected to rise up to a market valuation of US$ 97,291.58 Million. Consumers’ exposure to online services is increasing at a rapid pace. Because of increased internet penetration and drastically improved smartphone accessibility, consumers may now use a plethora of food delivery apps, which is expected to promote sales in the doorstep meal delivery business.

Spending Analysis in the Online Food Delivery Services

Food delivery services online roll out subscription plans with free deliveries as a retention strategy, making consumers spend more on the landscape.
High competition among food delivery companies provides an opportunity to compare food prices. As a result, loyalty points and discounts tend to attract consumers at a broader level.
Food for everyone – Diversification into niche meal delivery apps sees a hit. Some popular food delivery networks include home food delivery, fast food delivery, vegan food delivery, healthy food delivery, gluten-free food delivery, and local food delivery.
Rivals in the online on-demand food delivery services market continue establishing their influence to acquire more restaurants, customers, and delivery drivers.
Commission rates from restaurants remain a key revenue source for online food delivery service providers.

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Though the business is still in its early stages, many factors such as changing pricing strategies and the availability of multiple meal delivery service platforms are projected to boost competition. Furthermore, when there is a high volume of food orders, the quality of the food delivered degrades, necessitating the need of additional resources to furnish the meal. As a result, the inability of restaurants to accept multiple deliveries and difficulties in dealing with quantity are limiting business growth. In contrast, the advent of virtual restaurants and delivery-only kitchens is expected to provide significant market growth potential throughout the projection period.

Key Takeaways from the Market Study

In 2022, the global online food delivery services market is estimated to have a global market size of US$ 38,200 Million
In 2022, the platform to consumer category by delivery type is expected to occupy a 55% market share
By channel type, the mobile applications segment is projected to hold a global market share of 35% in 2022
By payment type, the online transactions are expected to account for 82% of the worldwide market in 2022.
The U.S online food delivery services market is expected to gain a global market share of 90% in 2022 and 8% CAGR during the forecast period.
The Indian region is expected to grow rapidly with a global market share of US$ 17,050 Million by 2022.
During the forecast period, the German market for online food delivery services will exhibit a 9.8% CAGR.

“The growing use of smartphones and internet penetration are driving market expansion, which allows customers to order food from a variety of restaurants. This helps to drive market growth,” comments a Future Market Insights analyst.

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The online on-demand food delivery services market players may don premiumization to stabilize their overheads. When consumers become creatures of habit to use food delivery apps and doorstep food delivery, they may be easy to attract for premium offerings. Price optimization strategy may also include efficiency in the last-mile delivery operations, which may further contain operational costs.

Competitive Landscape

Market participants are focusing their efforts on strategic alliances, mergers and acquisitions, and corporate expansions to increase their market position.

Uber Systems Inc. finalized its acquisition of Drizly in 2021, with the two businesses beginning to integrate their complementing delivery technologies and services the following year.
Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery company, announced a USD 40 billion merger with Altimeter Growth Corp. in 2021. Investors including BlackRock (BLK.N), Temasek Holdings, Fidelity International, Mubadala Abu Dhabi, and Malaysia’s Permodalan Nasional Bhd will participate in a $4 billion private investment in public equity offering as part of Singapore-based Grab’s agreement with the Altimeter Capital-backed SPAC.
In 2021, Delivery Hero increased its footprint in Central America and the Caribbean by acquiring Hugo’s food and grocery delivery verticals.
Uber has agreed to pay $2.65 billion for Postmates, a meal delivery startup, in 2020, as it attempts to expand its foothold in on-demand food delivery while its primary ride-hailing business declines.

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Key Segments

By Delivery Type:

Restaurant-to-Consumer
Platform-to-Consumer

By Channel Type:

Website/Desktop
Mobile Application

By Payment Method:

Cash On Delivery
Online

By Region:

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

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.

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