Emerging Trends in Textile Colorant Market: From Fashion and Home Textiles to Automotive and Medical Textiles

The Future Market Insights is anticipated to register a healthy CAGR of 5.4% over the projection period from 2022 to 2032. The global textile colorant market is expected to reach a valuation of US$ 6,850.0 Million in 2022 and is predicted to surpass a valuation of US$ 11,590.4 Million by 2032.

The growth in the market is attributed to the rising demand for clothes along with an increase in disposable income across the world is expected to boost demand in the global textile colorant market during the forecast period. Growth in the demand for fashion textiles and home decor are prominent growth driving factors for textile colorants.

East Asia region is expected to remain the dominant region for the production & consumption of textile colorants and the region is expected to account for about 48% of global textile production. Various countries like India & ASEAN from South Asia also account for a remarkable share of the global market.

Demand for textile colorants is expected to account for around 9 to 11% of the global colorants’ consumption. According to the analysis of Future Market Insights, the global market if textile colorants market’s historical analysis witnessed growth at a CAGR of 5.0% from 2017 to 2021.

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In addition to that, as per the current estimations, the forecast growth outlook revolves around 5.4% CAGR over the current projection ranging from 2022 to 2032. The market’s growth is attributed to the rise in the projections in the textile industry and recovery from the pandemic crisis.

Key Takeaways

  • Technical textiles are known as special textile qualities made up of particular chemicals and physical properties that are designed for specific end uses. These types of textiles are utilized in healthcare, sports, engineering, and consumer goods industries for specific purposes such as raincoats and body warmers. Demand for these textiles is surging owing to the changing consumer preferences, customization options, and perceived effectiveness of these products.
  • Geotextiles known as a type of technical textile utilized in geotechnical applications are gaining rapid traction over the assessment period owing to growing environmental concerns. This factor is expected to bolster the demand for geotechnical textiles.
  • In addition to that, neon dyes utilized in athletic apparel offer highly reflective properties, supporting safety measures for athletes competing in cross-country and marathon events. Owing to such numerous properties, the demand for dyes for the production of technical textiles is constantly increasing.
  • One of the prominent factors inhibiting the growth of the textile dye market is its low sustainability. It has been estimated that more than 1,000 liters of water are required to produce 1 kg of dye. In addition, the dyeing process consumes a significant amount of water, which results in the degradation of the environment. Furthermore, throughout the dyeing process, a large amount of dye is combined into the wastewater, causing pollution of natural water resources.
  • Several prominent environmental authorities and regional governments have strictly regulated the wastes from dyeing industries and imposed restrictions on the use of hazardous chemicals during the manufacturing processes. The surging development of natural dyes and the promotion of biodegradable materials can benefit the market to expand in spite of these regulations.

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Key Companies Profiled: –

  • Huntsman Corporation
  • LANXESS AG
  • KRONOS Worldwide, Inc.
  • Kiri Industries Ltd.
  • Atul Ltd.
  • Allied Industrial Corp. Ltd.
  • Archroma Management LLC
  • DyStar Group
  • Standard Colors, Inc.
  • Dye Systems, Inc.
  • DuPont
  • BASF SE
  • Jay Chemical Industries Ltd.

Competitive Landscape

The market is fragmented and diversified with the presence of major company players offering over 10,000 variants of textile colorants. Prominent market players in textile colorants are concentrating on product innovations and partnerships with other market players to increase their portfolio & consumer base.

In addition to that, the rapid expansion of strategy incorporates expansions, and geographical expansions in the emerging economies to bolster the stronghold in the market. Dominant market players are investing in research and innovations for product development along with introducing sustainable products to minimize the carbon footprint.

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Textile Colorant Market Segmentation

By Product Form:

  • Powder
  • Granules
  • Paste
  • Liquid

By Application:

  • Apparel
  • Household
  • Technical Textiles
  • Automotive
  • Accessories

By Dye Type:

  • Reactive Dye
  • Acid Dye
  • Direct Dye
  • Disperse Dye
  • Basic Dye

By Fibre Type:

  • Wool
  • Nylon
  • Cotton
  • Polyester
  • Acrylic
  • Acetate
  • Rayon

By Region:

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

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More Insights into the Textile Colorant Market

China is anticipated to be the world’s largest producer of dyes and is expected to remain one of the crucial producers of textile colorants all over the world attributing to substantial growth in the manufacturing industry. China is expected to witness a growth rate of about 5.8% over the period of 2022 and 2032.

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Textile Auxiliaries Market:  FMI estimated the global textile auxiliaries market to reach US$ 9,992.4 Mn in 2022. Sales prospects of textile auxiliaries are expected to witness a steady growth rate of 5.2% and are expected to top a valuation of US$ 16,589.3 Mn by 2032.

Asia Textile Chemicals Market: According to Future Market Insights, overall textile chemicals sales in Asia are set to register a 6% CAGR during the forecast period of 2023 and 2033 and reach a valuation of US$ 24,600 Mn by 2033.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Future of Automotive Wheel Coatings Market: Innovations and Advancements on Vehicle Performance and Maintenance

The global automotive wheel coatings market is expected to increase at a 3.1% CAGR from 2022 to 2032. The global marketplace is estimated to be worth US$ 737.6 billion by the end of 2022, and US$ 1,001.4 billion by the end of 2032.

The growth of the market is attributed to the decorative and performance coatings made through sustainable technology and environmentally friendly materials are further expected to drive the market in the next ten years. The rising demand for protective coatings, decorative coatings, performance coatings, and anti-corrosive coatings for automotive wheels is anticipated to drive the market during the projected period.

The demand for automotive wheel coatings is anticipated to surge at a steady pace with the rapid growth of the automotive industry. Increasing demand for automotive-like passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) has led to a surging production of vehicles, as well as subsequent accessories such as automotive wheels.

These wheels are most of the time made of metal and metal alloys, which are most likely prone to corrosion in changing weather conditions. Automotive wheel coatings, therefore, are necessary to protect the surface of these wheels from environmental changes and to keep them safe, durable, and ready to perform in a long run.

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Yet another brilliant aspect of automotive coatings is to offer attractive looks to vehicles. In order to enhance the look of an automotive vehicle, innovative designs of wheels coated with catchy and bright colors are expected to drive market growth over the projection period.

This combination would help to boost the demand for cars, especially those falling under the luxury and sports segment among the millennials and Gen Z. Thus, demand for wheel coatings for luxury and decorative purposes is also propelling the market.

In addition to that, young buyers and owners of two-wheelers and passenger cars are specifically attracted to using allow rims and metallic coated wheels for their vehicles because they believe that the use of such accessories enhances their vehicle’s look. They also associate the same as the user’s outer personality and status symbol.

Key Takeaways

  • The frequency of changing environmental conditions all over the world has significantly surged over recent years which has resulted in leaving a negative impact on the wheels and rims. It has resulted in the corrosion and wear-and-tear of the substrate material. Demand for all-weather coatings from industries such as construction and automotive witnessed decent growth from all over the world, but especially in North American and Atlantic countries.
  • The atmosphere in various countries situated in such regions has a high salt content and therefore they become very cold & snowy during the winter season. Such a hostile environment affects the wheel substrate and its coating.
  • The tire and wheel are known to be those vehicle components that are subjected to the most complex conditions, it is necessary to shield the wheel with the best possible technology to sustain its longevity. A thorough composition prevents salt from corroding the wheels which helps in eliminating the probability of high-magnitude wear and tear. Therefore, demand for all-weather automotive wheel coatings from automobile manufacturers and individual consumers is expected to be a rising trend in the industry.
  • Auto accessories shops in present times are loaded with such metallic wheel coatings owing to the high customer demand. In order to meet the rising customer demand, automotive wheel coating manufacturers have launched various wheel coating sprays that can be used without any prior guidance.

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Competitive Landscape

Prominent players in the market for automotive wheel coatings are concentrating on the acquisition of other market players in order to increase their consumer base. In addition to that, their rapid expansion and strategic steps include capacity expansions and geographical expansions in emerging economies to bolster the stronghold in the market.

Key market players are heavily investing in research and innovations for product development. At the same time, they are introducing sustainable coatings with attractive finishing properties to boost sales.

The market for automotive wheel coatings is estimated to be highly consolidated, where key players are expected to account for more than 50% of the market share. Akzo Nobel N.V., Kansai Paint Co. Ltd., PPG Industries Inc., Axalta Coating Systems, BASF SE, Emil Frei Gmbh & Co. KG, Lankwitzer Premium Coatings, TIGER Coatings GmbH & Co. KG, Arsonsisi, and many others are some of the leading manufacturers of automotive wheel coatings.

Automotive Wheel Coatings Market Outlook by Category

By Material Type:

  • Acrylic Enamel
  • Acrylic Urethane
  • Acrylic Lacquer
  • Zinc Phosphate
  • Epoxy
  • Epoxy Polyester
  • Polyester
  • Polyurethane

By Substrate:

  • Aluminum
  • Steel
  • Others

By Product Type:

  • Primers
  • Base Coat
  • Clear Coat/Topcoat

By Vehicle Type:

  • Passenger Cars
  • LCVs
  • HCVs

By Sales Channel:

  • OEMs
  • Aftersales

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More Insights into the Automotive Wheel Coatings Market

Over the last few years, China is anticipated to dominate the global chemical manufacturing industry attributing to its low labor costs, rapid investments, flexible government regulations, enormous supply chains, and easy availability of raw materials. Growth in the manufacturing industry has also flourished in end-use industries that cater to the cumulative growth of China as the biggest raw material manufacturer and consumer.

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Advanced Automotive Materials Market: The advanced automotive materials market is expected to grow at a CAGR of 6.8% during the forecast period. The market was valued at US$ 74.9 billion as of 2022 and is expected to hit a valuation of US$ 144.61 billion by 2032.

Paper Coating Materials Market: The global paper coating materials market was worth US$ 2.2 Bn in 2022, and the demand for paper coating materials is expected to reach US$ 3.52 billion by 2032, rising at a CAGR of 4.8% over the forecast period.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Future of Electroplating Market: Revolutionizing the Automotive Industry to Reach a Value of USD 25.0 Billion by 2031

Future Market Insights (FMI) in a new study predicts the electroplating market to exhibit 3.6% Y-o-Y growth in 2021. Electroplating has become a vital application in some industries such as electronics, automotive, and machinery parts & components, due to its indispensable characteristics of corrosion resistance.

Rapid industrialization, coupled with high disposable income in developing countries, is fueling the demand in the automotive, electronics, and jewelry industries, which in turn has been creating opportunities for electroplating applications.

According to the report, the global electroplating market is projected to rise at a CAGR of ~4.3% during the forecast period of 2021-2031, reaching a market value of ~US$ 25 Billion by 2031. While the growth projections for the electroplating market continue to be strong during the forecast period, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain on demand.

Closure of manufacturing units and supply chain networks due to shutdowns in several countries is expected to affect the consumption of Electroplating in key industries like electronics, automotive, and aerospace & defense. However, the market is expected to recover in the year 2021.

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Among various industries exhibiting demand, the automotive and electrical, and electronics segments will continue accounting for the lion’s share. Of these, the automotive segment is expected to maintain dominance, accounting for above 34% of electroplating sales through 2031.

Key Takeaways from Electroplating Market Study

  • The electroplating market will continue exhibiting growth after a temporary period of lull in 2020. It is likely to exhibit a 4.3% CAGR between 2021 and 2031
  • The US holds 81.6% of the North American market in 2021 and the outlook remains positive
  • UK will register a growth of 2.8% Y-o-Y in 2021
  • Germany and France will continue exhibiting steady growth
  • JAPAN and Korea will continue to be bright spots, yet China will hold dominance in East Asia

 “With small manufacturers eating into the market share, global players are looking into ways to improve margins by engaging in more B2C sales through collaboration with large scale end users”– says FMI analyst

Electroplating Market: Participant Insights                                              

Key global players in the Electroplating market, like Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd, Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., and Roy Metal Finishing Inc., are focused on establishing partnerships with automotive OEMs, machinery equipment providers, and electronic companies to form long-term supply contracts. Manufacturers also are focusing on innovations to gain a competitive advantage. For instance, Fischer has launched an innovative laser technology to improve plastic electroplating.

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Key Segments

Plating Metal

  • Gold
  • Silver
  • Copper
  • Nickel
  • Chromium
  • Zinc
  • Others

Substrate

  • Manually Operated Inhaler Devices
  • Base Metal Plating
  • Plastic Plating

Function

  • Decorative
  • Functional

End-Use

  • Automotive
  • Electrical & Electronics
  • Aerospace & Defense
  • Jewelry
  • Machinery Parts & Components
  • Others

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To Know More about Electroplating Market:

A recent market study published by Future Market Insights (FMI) on the global Electroplating market report offers insights into the consumption scenario of Electroplating on both global and regional levels. The report analyses the Electroplating market demand through three segments – plating metal, substrate, function, and end-use, across six regions.

The Electroplating report also offers key insights into key growth drivers by end-use, major competitors across applications, manufacturer margins, and import/export scenario, along with COVID impact analysis on the market demand trend.

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Gold Plating Chemicals Market: Future Market Insights (FMI) has anticipated the demand for gold plating chemicals to witness a year-over-year growth of 4.8% in 2022 reaching a value of about US$ 445.5 Mn by the end of 2022.

Precious Metal Plating Chemicals Market: The precious metal plating chemicals market is valued at US$ 1.6 Bn in 2021. It is set to grow at 3.9% CAGR through 2027. The silver segment is projected to have a market value of nearly US$ 6 Bn by 2027-end.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Growing Demand for Ion Exchange Resins Market in the Water Treatment Industry to Reach US$ 2,399.1 Million by 2032

The global Ion exchange resins market is expected to showcase absolute dollar opportunity by exhibiting a stable CAGR of 4.9%. The global market is predicted to be valued at around US$ 1,486.9 Million in 2022 and is further projected to accelerate to around US$ 2,399.1 Million by 2032.

The wastewater treatment sector is anticipated to experience a phenomenal rise in demand for ion exchange resins, which is prominently being driven by the demand for fresh water and an increase in water pollution. Growth in the power, automobile, and water treatment industries is expected to boost the demand for ion exchange resins.

The global ion exchange resins market witnessed robust growth over the historical period ranging from 2016 and 2021 with a stable CAGR of 4.5%. Furthermore, according to the current estimations, the forecast growth outlook is predicted to remain around 4.9% for 2022 and 2032.

A certain increase in the growth is attributed to the growing demand for pharmaceuticals, power generation, water purification due to freshwater scarcity, etc. According to the latest research published, demand for ion exchange resins is expected to account for around 30% of the market share in the overall adsorbents market.

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Various diverse techniques such as separation, purification, and decontamination employ ion exchange resins. Typical examples of the same are water filtration and water softening, these resins are frequently used in these processes as a more adaptable option as compared with the application of natural or synthetic zeolites.

Ion-exchange resins are also quite effective in the filtering of biodiesel. These factors are expected to boost the year-over-year growth of the market in the near future.

Key Takeaways

  • Throughout the assessment period, a significant surge in the demand for ultrapure water is anticipated from the industries of electronics, pharmaceuticals, and power generation. Prominent manufacturers of semiconductors and microelectronics utilize ultrapure water for multiple procedures including chip cleaning, rinsing, and etching. Ion exchange resins are utilized to produce ultrapure water. To produce ultrapure water, many industry participants in the global ion exchange resins market provide resins, particularly for the aforementioned sectors.
  • Ultrapure water is needed for the production of displays, integrated circuits, and several other electronic components. Similarly, the healthcare and pharmaceutical sector utilizes ultrapure water mostly for the tasks like cleaning medical equipment and administering injections.
  • The energy industry employs ultrapure water for generating power and also consists of a significant user of ultrapure water. Ultrapure water is used as the boiler feedwater in the power generation process to avoid corrosion of the boiler tubes.
  • The demand for ultrapure water is expected to surge over the forecast period owing to the strong expansion in power generation throughout the forecast period. This is thus anticipated to fuel the demand for ion exchange resins.
  • North American region is predicted to remain one of the prominent markets attributed to the strong development in the key end-use industries including water treatment, power generation, food and beverages, etc. Owing to the rising demand for water treatment, and scarcity of fresh water, the South Asia Pacific region remains one of the fastest-growing markets for ion exchange resins.

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Competitive Landscape

To increase their market presence in the area, major manufacturers in the industry are concentrating on embracing alternative distribution methods such as the internet channel. Various market players are majorly investing in R&D to develop technologies that will cut operational costs and reduce risk exposure to workers. Improved methods for managing ores with a deteriorating grade are another focus of development initiatives.

While most of the manufacturers are focusing on sustainability, some of the other crucial firms are concentrating on expanding their current manufacturing facilities to satisfy the demand from the growing chemical industry.

Ion Exchange Resins Market by Category

By Product Type:

  • Cation Exchange Resins
  • Anion Exchange Resins
  • Others

By Application:

  • Water
  • Non-water

By End Use:

  • Power Generation
  • Chemical and Fertilizer
  • Food and Beverage
  • Electrical and Electronics
  • Pharmaceutical
  • Domestic and wastewater treatment
  • Paper and Pulp
  • Others

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More Insights into the Ion Exchange Resins Market

China is expected to dominate the global ion exchange resins market by witnessing a growth outlook of around 7% over the assessment period of 2022 and 2032. Rising concerns about water pollution owing to the expanding manufacturing and mining industries in the country are expected to propel the demand for ion exchange resins.

China is dominating the global manufacturing and mining industries, with predominant production of gold, magnesium, lead, iron and steel, graphite, fluorspar, coal, cement, and aluminum. The U.S. is expected to account for around 20% global value share in the ion exchange resins.

A major share of the global consumption of resins are employed in nuclear power plant, ion exchange resins are utilized in chemical and volume control systems to monitor the volume of dissolved constituents in cooling circuits. The United States has 93 nuclear reactor power plants, which provide a higher ground for the growth of the market.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Radial Drilling Machine Market is Forecasted to be worth US$ 8.8 billion by 2032.

The global Radial Drilling Machine Market is expected to be worth US$ 8.8 billion by 2032, up from US$ 4.2 billion in 2022, at a 7.7% CAGR during the forecast period.

Drilling operations such as boring holes, reaming, countersinking, counterboring, tapping, and spot facing and tapping are in high demand due to the emerging industrial sector and rising applications, which drive market growth. Radial drilling machines are used to drill the spot at a high spindle speed, which is cost-effective and efficient.

Every type of drilling machine performs the same basic drilling function. Certain operations, however, can be performed with the desired accuracy and efficiency by specific types of drilling machines. They are widely used in a variety of manufacturing processes.

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In the radial drilling machine, the drill head can be made to slide on the radial arm. Therefore, called as radial drilling machine. A motor acts as a driving force for the rotation of the drill. The parts of a radial drilling machine are a motor, spindle (for supporting the drill), elevating screw, column, table and table base. The radial drilling machine can be used to drill steel, cast iron as well as many other surfaces.

The radial drilling machine is amongst the most versatile drilling machine that can be used for multiple applications over any kind of surface.

Global Radial Drilling Machine Market: Dynamics 

Market Drivers:

Augmenting industrial and commercial projects where drilling is required for the various purposes, such as boring holes, reaming, countersinking, counterboring, tapping and spot facing and tapping, is projected to drive the growth for the global radial drilling machine market. Infrastructure projects, industrial sectors, metal working applications are the key sectors that utilize radial drilling machine equipment and thus, drive the radial drilling machine market.

Market Restraints:

One of the major challenge faced by the global radial drilling machine market is the tool replacement rate, which is comparatively high. The parts of the machine are exposed to high risk of wear and tear at high speed. Hence, the demand for service and maintenance of such machines is high, which hampers the growth of the global radial drilling machine market.

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Market Trends:

As the global market for radial drilling machine is fragmented with a large number of local players and China-based players, the manufacturers are focusing on product innovation as a differentiating strategy in order to win an edge over the other manufacturers in the market. In order to ease the operating process, significant evolution has been observed in the radial drilling machine market from manual clamping to electrical and hydraulic clamping. This has saved the time and has improved the efficiency of the drilling operations.

Competitive Landscape

Some of the market participants identified across the value chain of the global radial drilling machine market are Tailift Co., Ltd., Esskay International Machine Tools, Jay Industries, Complete Machine Tools Pty. Ltd., HMT Machine Tools Limited, Dalian Machine Tool Group Corporation, Kanematsu KGK Corp, and Taian Hiscience Machinery Co. Ltd.

The manufacturers are focusing on product innovation as a differentiating strategy in order to win an edge over the other manufacturers in the market. In order to ease the operating process, significant evolution has been observed in the radial drilling machine market from manual clamping to electrical and hydraulic clamping. This has saved time and has improved the efficiency of the drilling operations.

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Key Segments in the Radial Drilling Machine Market

By Product:

  • Sensitive Drilling Machine
  • Upright Drilling Machine
  • Radial Drilling Machine
  • Gang Drilling Machine
  • Multiple Spindle Drilling Machine
  • Deep Hole Drilling Machine

By Type:

  • Manual Clamping
  • Electrical Clamping
  • Hydraulic Clamping

By Application:

  • Construction
  • Metal Working
  • Wood Working
  • Others

By Drilling Capacity:

  • 40mm – 60mm
  • 60mm – 80mm
  • 80mm – 120mm

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Gastrointestinal Stent Market is likely to display growth at a CAGR of 5.5% from 2023 to 2033 | Get Insights FMI

By the end of 2022, the market for gastrointestinal stents will be worth US$ 455.44 million. The market is anticipated to grow at a CAGR of 5.5% from 2023 to 2033 and is projected to reach a market value of about US$ 815.34 Million in that year.

As per the gastrointestinal stent market survey by Future Market Insights (FMI), the market is poised to attain a CAGR of 6% during the forecast period, i.e., 2022-2032.

The rising preference for minimally invasive (MI) surgical procedures is having a significant impact on the gastrointestinal stent market growth as in comparison to traditional open surgery procedures; stenting has a lower risk of gastrointestinal infection, less blood loss, and a shorter recovery period.

As per gastrointestinal stents market study, gastrointestinal stents market future trends are likely to be swayed by various technological advancements, such as the development of gastrointestinal biodegradable stents and nitinol material-based stents with a high degree of flexibility and kink-resistance can be considered as some of the major emerging trends in gastrointestinal stent market.

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Ongoing research and development activities in the business sector are also expected to sway the gastrointestinal stents adoption trends during the forecast period. For example, Brigham and Women’s Hospital and MIT researchers announced the development of a stretchable stent with pop-out needles for use in drug delivery in gastrointestinal systems and other tubular organs.

Sales of gastrointestinal stents are likely to surge owing to significant growth in healthcare infrastructure, favorable government policies, and extensive research and development (R&D) activities.

In most Asian countries, government reimbursement for endoscopic stenting procedures is limited or non-existent, one of the major reasons for patient and physician reluctance to use gastrointestinal stents, narrowing down the gastrointestinal stents market outlook.

Such a high cost and a lack of reimbursement in developing countries such as India are expected to limit patient adoption of gastrointestinal stent-related procedures.

Taking into account the factors mentioned above, the gastrointestinal market size is projected to reach US$ 600 Mn by 2026.

Key Takeaways:

  • Due to the increasing prevalence of chronic liver disease and the increase in the number of surgical procedures for the treatment of biliary diseases, the biliary stents segment is likely to account for the largest gastrointestinal stents market share as per the product type.
  • Based on material, self-expanding metal stents are expected to lead the market. The same can be credited to benefits such as ease of insertion, a lower possibility of dislodgment or migration, and longer patency.
  • During the forecast period, the gastrointestinal cancers segment is anticipated to have the highest CAGR attributed to the increased prevalence and incidence, thereby positively impacting the gastrointestinal stents market trends.
  • The hospitals and clinics segment will be at the forefront of the market, owing to many endoscopic retrograde cholangiopancreatographies (ERCP) and percutaneous transhepatic cholangiography (PTC) procedures performed in hospitals for various disease indications.

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“In terms of market share and revenue, North America is predicted to dominate the gastrointestinal/GI stent market and will maintain its dominance throughout the forecast period on account of a sophisticated level of healthcare facilities, a rising geriatric population, high incidence of gastrointestinal diseases, favorable reimbursement scenario, and presence of key market players such as C.R. Bard (US), and Becton, Boston Scientific Corporation (US), Dickinson and Company.” opines an FMI researcher.

Competitive Landscape:

Among the prominent players in the GI, stents market are Merit Medical Systems (US), Cantel Medical (US), Olympus Corporation (Japan), CONMED Corporation (US), Taewoong Medical (South Korea), Endo-Flex GmbH (Germany), Micro-Tech (Nanjing) Co., Ltd. (China), MI-Tech (South Korea), QualiMed (Germany), UK Medical (UK), Hobbs Medical Inc. (US), CITEC (China), BCM Corporation (South Korea), Leufen Medical GmbH (Germany) and Medorah Meditek Pvt. Ltd. (India).

The gastrointestinal stent market is moderately competitive, with numerous gastrointestinal stents market opportunities. In addition, the increasing prevalence of diseases associated with gastrointestinal tract stent placement is driving up demand for gastrointestinal stents.

As a result, several global corporations are implementing various strategies to reach out to emerging economies such as product launches, mergers, acquisitions, partnerships, collaborations, etc.

Some of the recent developments in the gastrointestinal stents market are:

  • Cook Medical worked with Taewoong Medical to expand patient treatment options by distributing a variety of Taewoong’s stents in the United States. The Niti-STM Through the Scope (TTS) Esophageal Stent, the flagship product of the South Korean company’s Niti-S Self-Expandable line of the metal gastrointestinal stent, is included in this distribution collaboration.
  • Olympus has proposed a couple of self-expanding metal stents (SEMS) to be used as palliative measures in patients with a short life expectancy or who have malignant colonic or duodenal obstruction.

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Key Segments

By Product:

  • Biliary Stents
  • Duodenal Stents
  • Colonic Stents
  • Pancreatic Stents
  • Esophageal Stents

By Material:

  • Self-Expanding Metal Stents
  • Plastic Stents

By Application:

  • Biliary Diseases
  • Irritable Bowel Syndrome
  • Gastrointestinal Cancers
  • Colorectal Cancer
  • Stomach Cancer
  • Esophageal Cancer
  • Pancreatic Cancer

By End User:

  • Hospitals And Clinics
  • Ambulatory Surgical Centers

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About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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3D Bioprinting Market is holding a valuation of US$ 2 billion as of 2023 | FMI

From 2023 to 2033, the 3D bioprinting market is anticipated to expand at a CAGR of 12.6%. As of 2023, the market is valued at $2 billion USD. The market is anticipated to be worth US$ 6.5 billion by 2033.

Academic institutes and hospitals use 3D printing technology to develop various models for training purposes. The technology is increasing used in bio printing where biomaterials such as growth factors and cells are combined with bioink to create tissue-like structures that imitate natural tissues. The global 3D bioprinting market is estimated to surpass US$ 1.2 Bn by 2021, at the market CAGR of 13% during the forecast period (2020-2030), as per a new report by Future Market Insights (FMI).

3D Bioprinting Market – About the Report

[290 Pages Report] Increasing rate of medical device manufacturing across the world has been fuelling the demand for advanced technologies. 3D bioprinting is used to design medical devices. Leading medical device and pharmaceutical manufacturing companies are focusing on improving their product portfolio across the world. The demand in this market is expected to surge in response to the lack of organ donors in adequate number. With research and development (R&D) investment within the medical devices sector poised to rise significantly, the market will gain from increasing growth opportunities in the coming years.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for 3D bioprinting. The report tracks the global sales of 3D bioprinting in 20+ high-growth markets, along with analyzing the impact COVID-19 has on the medical device industry in general, and 3D bioprinting in particular. COVID-19 pandemic will show a negative impact on the 3D bioprinting market. Due to short term shut down of production facilities of medical device industries for first few months in 2020

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3D bioprinting has immense potential to facilitate organ transplants and drug discovery. 3D printing can copy the actual macro and micro-environment of human organs and tissues which can solve the organ transplant crisis. Advancements in 3D printing technology and its promising applications in the healthcare industry are expected to increase the sale of 3D bioprinting over the forecast period.

As per the report, the technology will find increasing application in orthopedic implants manufacturing. The orthopedic implants segment is in fact forecast to account for over 30% of the market in terms of application.

Key Takeaways from 3D bioprinting Marker Study

  • Exhibiting a little below 13% Y-o-Y growth in 2021, 3D bioprinting market will exhibit solid growth
  • The U.S. will register high demand, accounting for nearly 95% of sales in North America
  • Demand in U.K. is expected to rise significantly, exhibiting above 11% Y-o-Y growth in 2021
  • France and Germany too will register high demand
  • In East Asia, China and Japan are expected to emerge as key market

“Launch of innovative 3D printers and application of 3D bioprinting in tissue engineering and regenerative medicine, medical device manufacturing will augment the growth of global 3D bioprinting market” says the FMI Analyst

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Acquisitions, Partnerships and expansion are key Strategic Focus of 3D bioprinting Market Players

Leading players in the 3D bioprinting market on strengthening their market position though the Acquisition, Partnerships and expansion. For Instance,

  • In January 2021, 3D Systems announced its regenerative and bioprinting solutions expansion by actively investing in the regenerative areas, in collaboration with United Therapeutics Corporation.
  • In December 2019, GE Healthcare Life Sciences collaborated with Advanced Solutions Life Sciences (ASLS), a Kentucky-based biotechnology firm, to build an integrated 3D bioprinter by combining their digital advanced technologies.
  • In January 2020, GE Healthcare Life Sciences introduced a new additive manufacturing (AM) facility in Umeå, Sweden that will be dedicated to integrating 3D-printed parts into the company’s production of bio manufacturing equipment. With $2 million in backing, the new center is expected to increase biopharma manufacturers’ access to state-of-the-art technologies

Who is Winning?

The global market is set to expand its scope in the forecast period, due to rising prevalence of orthopedic disease globally and adoption of 3D bioprinting at various stages of development of orthopedic implants by medical manufacturers. In addition to this, cost effectiveness and increase adaption of 3D bioprinting in dental and regenerative medicine application has augmented the sales of 3D bioprinting.

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The key market players covered by FMI include

  • 3D Systems, Inc
  • GE Healthcare (Concept Laser, Arcam AB)
  • EOS GmbH Electro Optical Systems
  • Renishaw plc
  • Stratasys Ltd
  • EnvisionTEC
  • Formlabs, Inc And Organovo Holdings Inc and
  • Advanced Solutions Life Sciences

consolidating their positions through mergers, acquisitions and new product launches.

3D bioprinting Market by Category

Technology

  • Stereolithography (SLA)
  • Selective Laser Sintering
  • Electron Beam Melting
  • Fused Deposition Modeling (FDM)
  • Laminated Object Manufacturing (LOM
  • Inkjet Printing
  • Multi-phase Jet Solidification

Application

  • Surgical Simulation and Training Models
  • Prosthetic Devices
  • Tissue Engineering and Regenerative Medicine
  • Orthopedic Implants
  • Dental Implants
  • Medical Sensors
  • Others

End User

  • Medical Device Manufacturers
  • Pharmaceutical Companies
  • Research & Academic Institutions
  • Contract Research Organizations

Region

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

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Fiducial Markers Market to reach a valuation of ~US$ 408.3 Million by the year 2033 | Says Future Market Insights

The global fiducial markers market is worth US$ 153.6 Million as of now and is expected to reach US$ 408.3 Million by the year 2033 at a CAGR of 10.3% between 2023 and 2033.

With growing awareness regarding targeted radiotherapy techniques like image-guided radiotherapy, stereotactic radiosurgery, and intensity-modulated radiotherapy, fiducial markers are expected to witness an explicit demand in the years to come. Herein, advanced navigation technology by SPiN System helps in locating the target of placing fiducial marker properly for resection or radiation.

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Radiotherapy has been recommended as palliative or parallel therapy with the other procedures of treatment for several types of cancers. For example – in breast cancer stage 1 and 2, majority of patients are prescribed radiotherapy and breast-conserving surgery sessions. Plus, social organizations and governments are continuously funding for research regarding cancer and fiducial markers.

Modality-wise, market constitutes ultrasound, CT/CBCT, X-Ray, and MRI; out of which CT/CBCT holds a sizable market share and the trend is expected to remain the same even in the forecast period. This could be attributed to exposure to low dose, ease of integration with radiotherapy equipment that exists, and CBCT’s orthogonal imaging features are the factors basically driving the fiducial markers market.

Ultrasound modality would be the major contributor to the revenue due to ability of providing real-time volumetric information along with organ tracking. It is widely used in treating liver, prostate, and breast cancer.

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MRI modality does provide precise and reliable details regarding soft tissues while treating complex cases like orthotopic prostate tumors. MRI-based LINAC system is also being increasingly adopted.

Beacon FNF from Medtronic plc comes across as a pre-loaded gold fiducial marker system reducing risk of complications commonly reported – like pneumothorax.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Fiducial Markers Market’. The team of analysts and consultants is there with its 360-degree view in primary, secondary, and tertiary modes of research.

“With various technological advancements being ushered for developing an advanced navigation system for appropriate product placement, the fiducial markers market is likely to grow on an altruistic note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Fiducial Markers Market

  • North America holds the largest market share due to the US witnessing streamlined reimbursement policies along with public health programs. Plus, with advanced radiotherapy procedures and imaging modalities being increasingly adopted, the market is expected to flourish in the upcoming period.
  • Europe holds the second-largest market share. It has been observed that more than 3.2 Million contract cancer every single year. The geriatric population is more into colorectal and breast cancer. Plus, numerous fiducial markers are being approved by CE. On these grounds, BioXmark, in March 2020, did receive CE approval. It was devised by Nanovi A/S.
  • The Asia-Pacific is expected to witness growth at a rapid pace in the fiducial markers market in the forecast period. India and China are dominating the market. Along these lines, the government of China did relieve extra tax on 16 imported goods inclusive of medical LINAC systems.

Competitive Markers

  • Stratpharma AG, in the year 2019, did expand the agreement with US-based CIVCO for distributing the latter’s radiotherapy solutions at the global level.
  • IZI Medical Products, in 2019, did acquire IBA’s RadioMed division, which produces VISICOIL implantable fiducial markers.
  • Nanovi A/S, in 2018, did secure US$ 2.23 Million from the existing investors for expanding business and introducing BioXmark in Europe.

What does the Report Cover?

  • The research study is based on product (polymer based markers, metal based markers, pure gold markers, and liquid based markers), by modality (photon therapy, proton therapy, tomotherapy, and cyberknife), by disease site (head & neck, breast, lung, abdomen, prostate, kidney, and cervix or other gynaecologic organs), and by end-user (hospitals, cancer research institutes, and radiotherapy centers).
  • With increase in incidences of breast, prostate, and lung cancer with growing adoption of radiotherapy for treating oncology, the global fiducial markers market is likely to witness persistence in the years to come.

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Key Market Segments Covered in Fiducial Markers Industry Research

Product:

  • Polymer Based Markers
  • Metal Based Markers
  • Pure Gold Markers
  • Liquid Based Markers

Modality:

  • Photon Therapy
  • Proton Therapy
  • Tomotherapy
  • Cyberknife

Disease Site:

  • Head & Neck
  • Breast
  • Lung
  • Abdomen
  • Prostate
  • Kidney
  • Cervix or other gynaecologic organs

End User:

  • Hospitals
  • Cancer Research Institutes
  • Radiotherapy Centers

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Physiotherapy Equipment Market is estimated to capture a valuation of US$ 20,367.16 million in 2023 and US$ 38,134.8 million in 2033

[304 Pages Report] From 2023 to 2033, the market for physiotherapy equipment is anticipated to grow at a 6.5% CAGR. In 2023 and 2033, it is projected to generate valuations of $20,367.16 million and $38,134.8 million, respectively.

The increasing levels of physical inactivity is leading to various problems such as frozen joints, muscle degeneration, sprains and strains have compounded, necessitating the need for physiotherapy. Additionally, rising incidences of road and sports accidents is acting as a catalyst for increasing the number of physiotherapy procedures.

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Based on these trends, manufacturers are concentrating on introducing technologically advanced products and introducing them into the market at highly competitive prices. Additionally, specific nature of injuries is prompting them to dole out specific products. Majority of the players are scrambling to acquire a footing across emerging economies.

Physiotherapy Equipment Market Study- Key Findings

  • Ultrasound physiotherapy equipment shall tower over others, attributed to rising demand for non-invasive surgeries
  • Musculoskeletal devices shall pivot the market in terms of application throughout 2020-2030
  • North American market accounts for over 2/5th of the revenue
  • East & South Asia remain lucrative, jointly capturing nearly 1/4th of the revenue share

“Prevalence of co-morbidities amongst the geriatric population has made physiotherapy a top priority for them, prompting vendors to introduce technologically sophisticated equipment in order to provide the elderly major relief from the pain induced by various physical ailments,” infers the FMI analyst.

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Competitive Landscape

The global physiotherapy equipment market is characterized by the presence of several prominent players who are concentrating on introducing new products and acquisitions to carve a firm footing.

In June 2020, DJO Global introduced the DonJoy X-ROM Post-Op Knee Brace, incorporating an improvised user-friendly fastener which is easy to adjust and easy to apply. In 2019, the company launched the first fully sterile surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty.

In 2017, U.S Physical Therapy Inc. successfully acquired a Houston-based local physical therapy practice at a purchase price of US$ 11.4 million, with the practice’s clinical owners retaining 30% of the stake. The acquisition was announced in 2016.

More Insights on the Physiotherapy Equipment Market

A recent market study published by FMI on the Physiotherapy Equipment market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of equipment type, application, end-user and region.

Based on equipment type, the market is segmented into cryotherapy, hydrotherapy, electrotherapy, continuous passive motion units, multi-exercise therapy unit, heat therapy, ultrasound physiotherapy and others. On the basis of application, the segments include neurological, musculoskeletal, cardiovascular & pulmonary and others. In terms of end-user, the market is divided into hospitals, rehabilitation centers and homecare settings. Regionally, the market is divided into North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania

Key Segment

Equipment Type

  • Cryotherapy
  • Hydrotherapy
  • Electrotherapy
  • Continuous Passive Motion Units
  • Multi-exercise Therapy Unit
  • Heat Therapy
  • Ultrasound Physiotherapy
  • Other Therapy Types

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Application

  • Neurological
  • Musculoskeletal
  • Cardiovascular and Pulmonary
  • Others

End-user

  • Hospitals
  • Rehabilitation Centers/Clinics
  • Homecare Settings

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Electrophysiology Market is expected to be worth US$ 7.57 billion in 2023 | Get Insights FMI

The escalating burden of cardiac arrhythmias such as atrial fibrillation, atrial flutter, ventricular tachycardia, Wolff-Parkinson-White (WPW) syndrome and AV-nodal reentrant tachycardia (AVNRT) has been fuelling the demand of the electrophysiology devices and procedures. Future Market Insights in a new study has projected the reach a valuation of US$ 6.02 Bn by the end of 2021.

The increasing demand for minimally invasive, safer, and efficient electrophysiology therapies has transcended electrophysiology market growth. The latest electrophysiology catheters, devices and access devices offer advanced cardiac electromapping, ablations and diagnostic procedures. The next-generation electrophysiology devices offer minimal invasive interventions that offer short hospital stay period.

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The increasing adoption of the ablation catheterization for the management of the cardiac arrhythmias is escalated by the introduction of advanced, safer and efficient electrophysiology solutions by the key players. The minimally invasive nature of the incoming electrophysiology solutions is safer for patients with medical comorbidities.

The cardiac arrhythmia treatment regime is frequently combining these latest electrophysiology devices with several antiarrhythmic drugs such as procainamide, amiodarone, flecainide and others. The shift towards the increased adoption of the disposable catheters due to their affordability, sterility and safety has also rocketed the sales of the electrophysiology market. Manufacturers have eyed on the acquisitions, collaborations, product approvals and launching into various geographies to penetrate deep into the potential electrophysiology markets.

The COVID19 pandemic in the first few months of 2020 has imparted a negative impact on the electrophysiology market. The massive global lockdown, along with the shutting down of the economies such as China has halted the demand and supply activities. Seeing the massive influx of the COVID19 patients and the risk of hospital-acquired infections, several cardiology and electrophysiology committees jotted updated strategies and protocols of conduct to cut down on the number of electrophysiology procedures and to only perform the interventional procedures for the high priority cases.

Key Takeaways from Electrophysiology Market Study

  • The global electrophysiology market is estimated to be US$ 7.84 Bn in 2020, exhibiting a CAGR of ~12.7 % during the forecast period (2020-2030)
  • The U.S. will remain a highly lucrative market, accounting for over 95% of North America market in 2021, based on volume
  • Demand from U.K. is poised to surge considerably. FMI forecasts it to exhibit 8.5% Y-o-Y growth in 2021
  • Germany and France will emerge as other key markets for electrophysiology in the U.K.
  • Demand from both Japan and South Korea is expected to increase at a considerable pace in the coming years

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Who is Winning?

The leading manufactures have eyed in the improvisation of the ablation procedures with the introduction of the latest contact-force sensing technology that offers high precision ablation, irrigated tip ablation catheters with controlled and target specific ablation and balloon catheters with more predictable and reproducible ablation.

Stereotaxis and Acutus Medical have introduced telerobotics in the cardiac ablation catheter surgeries that offer high precision ablation, real-time cardiac imaging and high-resolution cardiac mapping. Digital cloud technology has also been integrated into the electrophysiology devices that allows the interventionalist to remotely access the cardiac data.

For instance, J&J’s Biosense Webster launched a new cloud-based network, CARTONET platform that connects the field’s myriad devices to share the 3D image files into laptops, tablets, etc.

The global electrophysiology market is set to expand its scope in the forecast period, as a result of the rising prevalence of cardiac arrhythmias. In addition to this, the escalating demand for minimally invasive cardiac therapies, increasing adoption of the electrophysiology interventions, along with the incoming advanced technologies are propelling the growth of the market.

Electrophysiology Market: Segmentation

Product Type

  • Electrophysiology Laboratory Devices
    • 3D Mapping Systems
    • Electrophysiology Recording Systems
    • Radiofrequency (RF) Ablation Systems
    • Intracardiac Echocardiography (Ice) Ultrasound Imaging Systems
    • Cardiac Stimulators
    • Others
  • Electrophysiology Ablation Catheters
    • Cryoablation Electrophysiology Catheters
    • Radiofrequency (RF) Ablation Catheters
    • Irrigated Tip RF Ablation Catheters
    • Laser Ablation Catheters

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  • Electrophysiology Diagnostic Catheters
    • Conventional Electrophysiology Diagnostic Catheters
    • Advanced Electrophysiology Diagnostic Catheters
    • Ultrasound Electrophysiology Diagnostic Catheters
  • Access Devices

Indication

  • Atrial Fibrillation
  • Atrial Flutter
  • Wolff-Parkinson-White Syndrome (WPW)
  • Atrioventricular Nodal Reentry Tachycardia (AVNRT)
  • Ventricular tachycardia (VT)
  • Others

End-User

  • Hospitals
  • Cardiac Catheterization Laboratories
  • Ambulatory Surgery Centers

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Empty Capsules Market : The global sales of empty capsules are anticipated to reach US$ 2.3 Billion in 2023. The market is further expected to increase at 7.9% CAGR during the forecast period, totaling a valuation of US$ 4.9 Billion by 2033.

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About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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