Magnetic Separator Market: Notable Developments & Geographical Outlook 2022 to 2029

Over the forecast period of 2022-2029, sales in the global magnetic separator market are expected to increase at a CAGR of 3.8%. According to Future Market Insights (FMI), in 2022, sales of magnetic separators will be accounted for by nearly 22.5% of the market in East Asia.

Magnetic separator is a type of separation and sorting equipment, mainly used for separating magnetic minerals mixed in non-magnetic minerals such as removal of metallic and ferrous materials from a mixture with the help of magnetic force.

Magnetic separators have significant applications in metal and mineral mining industry, recycling industry, food and beverages processing industry, chemical industry, steel industry, foundry industry, plastic industry, cement industry, water, and wastewater treatment, among others.

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Oceania Emerging as a High Potential Storehouse of Opportunities

In the past five years, the Oceania region witnessed substantial growth in mineral production. In 2012, the Oceania region accounted for a share of 5.1% in the global mineral production, while in 2017, the Oceania region accounted for a share of more than 7.0%.

Increasing mineral production in the region is expected to increase the demand for mineral sorting and separation equipment. Consequently, increasing the demand for magnetic separators.

The rising number of metallic contamination incidents in several food and beverage products have triggered a great demand for enhanced safety.

Government authorities have formed several regulations to improve the operational safety and thus, there has been a greater demand for high performance magnetic separators in the food and beverages processing industry.

The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption for separation and sorting equipment in mining and other industries.

North America and Europe magnetic separator markets are expected to experience modest growth, owing to being mature magnetic separator markets.

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Countries/regions such as Australia, Japan, India, Brazil, and ASEAN being at the forefront in the mining industry are expected to generate significant opportunities in the global magnetic separator market.

Significant growth in demand for magnetic separators is also anticipated to be witnessed in countries of Middle East and Africa, owing to substantial requirement for separation and sorting equipment such as magnetic separators in mining, chemicals, cement, steel, and other industries.

Influx of Application Opportunities in ‘Recycling’ to Favor Demand Growth

On the basis of intensity type, the high gradient segment is foreseen to experience substantial growth in the magnetic separator market.

However, owing to its low cost and high demand, the low intensity type magnetic separator segment is expected to account for a prominent volume share in the global magnetic separator market. On the basis of product type, pulley separator sales are expected to witness a growth of approx.

4.0 percent during the forecast period, which is mostly driven by its increasing applications in several industries with the primary intention of preventing metallic contamination.

By material type, dry type magnetic separator is considered more into demand among the customers. The segment is expected to account for more than two third of the total market during the forecast period. By cleaning type, self-cleaning magnetic separator is considered more into demand among customers.

The segment is expected to account for more than two third of the total market during the forecast period. On the basis of end-use industry, owing to increasing concern towards recycling of waste, scrap metal, and other materials, the recycling end-use industry segment is expected to project maximum growth during the forecast period.

Some of the key manufacturers involved in the magnetic separator market are Eriez Manufacturing Co, Nippon Magnetics, Inc., LONGi Magnet Co., Ltd, Metso Corporation, Outotec Oyj, Noritake Co., Limited, A AND A MAGNETICS, INC, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., Shandong Huate Magnet Technology Co., Ltd, Douglas Manufacturing Co., and Inc., among others.

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Magnetic Separator Market by Category

Product:

  • Magnetic Drum Separator
  • Magnetic Roller Separator
  • Over band/Cross Belt Separator
  • Magnetic Pulley Separator
  • Coolant Separator

Intensity:

  • Low Intensity
  • High Intensity
  • High Gradient

Material Type:

  • Wet Type
  • Dry Type

Cleaning Type:

  • Self-Cleaning
  • Manual Cleaning

End-Use Industry:

  • Recycling
  • Processing Industries
  • Metal & Mineral Mining

Region:

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

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Commercial Refrigeration Compressor Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022 to 2032

The commercial refrigeration compressor market at US$ 8,567.6 Mn in 2022 and has predicted the market to surge at a CAGR of 4.3% to reach a valuation of US$ 13,090.8 Mn by 2032. The increase in the use of the natural and energy-efficient refrigerants is anticipated to sustain the trend over the projection tenure.

The Global Commercial Refrigeration Compressor Market accounts for approximately 25-35% of the total Refrigeration Compressor Market (including industrial and residential).

The South Asia and Pacific region is expected to grow at a CAGR of 5.4% over the next few years. ASEAN and India, two prominent economies in the region, are exhibiting strong growth in the developing retail sector and are expected to grow at a CAGR of 6% to 8% during the assessment period (2022-2032)

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The commercial refrigeration compressor market was estimated by Future Market Insights (FMI) to be worth US$ 8,567.6 Mn in 2022 and to grow at a CAGR of 4.3% to US$ 13,090.8 Mn by 2032. Over the projected period, it is expected that use of natural and energy-efficient refrigerants will continue to rise.

During the forecast period, the market for commercial refrigeration compressors is anticipated to expand at a promising rate, helped by the rising number of retail stores around the world. Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.

The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

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Global Commercial Refrigeration Compressor Market by Category

By Product Type, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Reciprocating
  • Rotary
  • Scroll
  • Screw
  • Centrifugal

By Cooling Capacity, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Up to 1 kW
  • 2-6 kW
  • 7-10 kW
  • 11-15 kW
  • 16-20 kW
  • 21-30 kW
  • 31-40 kW
  • Above 40 kW

By Refrigerant Type, the Global Commercial Refrigeration Compressor Market is segmented as:

  • R290
  • R404A
  • R410A
  • R744
  • R134A
  • R407C
  • Others (R600A, R-22 etc.)

By End Use, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Transport based Refrigeration System
    • Shipping Based
    • Truck & Trailer Based
  • Walk-in-Refrigerators and Freezers
  • Reach-in-Refrigerators and Freezers
  • Beverage Vending
  • Refrigeration System
    • Drinking & Soda Fountains
    • Beverage Cooling & Dispensing Equipment
    • Beer Dispensing Equipment
  • Refrigerated Display Cases
  • Ice Machine
  • Refrigerated Vending Machines

By Region, the Global Commercial Refrigeration Compressor Market is segmented as:

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

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Carbide Tools Market Key Players, End User, Demand & Consumption from 2022 to 2029

Sales in the global carbide tools market are slated to top US$ 7.0 Bn in 2022. Expanding at a healthy 7.2% CAGR, the market size is projected to total US$ 10.7 Bn by 2029. Estimated at a healthy Y-o-Y growth of 6.4%, global revenues of carbide tools market are set to exceed US$ 7 billion in 2022.

A new Future Market Insights (FMI) study forecasts robust growth prospects for the global carbide tools market, prominently driven by fostering rate of adoption for automotive and fabrication applications. Drills and mills will remain the highest selling types of carbide tools, according to the report.

FMI’s analysis concludes that mills and drills collectively account for just-under 60% share in the total revenue generated through carbide tools sales. Carbide drills are however observed hold an edge over carbide mills owing to higher adoption for automotive applications, particularly related to automotive engines.

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The latter are expected to gain prominence in fabrication, as indicated by the report. Moreover, notably increasing demand for thermal deburring applications will reportedly spur sales of carbide burrs in the near future.

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. 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 higher preference for machine-based over hand-based configuration.

Almost 90% of carbide tools are coated, which affirm 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 the 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 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 carbide tools market.

Europe has been spearheading the expansion of carbide tools market, which is likely to receive strong support from towering sales of EVs in the region. The report underscores 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 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 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 promising entry of new market players. While entrants are likely to maintain their focus on economics 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

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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 7-years.

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Hydraulic Gear Pumps Market Expectations & Growth Trends Highlighted from 2022 to 2030

Presumably surpassing the sales volume of 55,000 thousand units by 2020 end, hydraulic gear pump landscape is projected for moderate expansion in the near future. As presented in a recent market research report published by Future Market Insights offers exclusive insights on the global and regional growth scenario of hydraulic gear pump landscape, emphasizing on the key growth influencers, opportunity analysis, and trends tracking.

The report on hydraulic gear pump landscape also provides a thorough assessment of the competition scenario that prominently focuses on the analysis of key developmental strategies of leading market players.

A Deep-dive Assessment of Competitive Landscape

“The global market for hydraulic gear pump is a highly fragmented landscape with a large number of smaller players that hold lower individual revenue shares but account for a massive collective share of over 70% at present. Tear 2 companies involve some of the highly important players, whereas Tier 1 i.e. the key companies represent a relatively lower value share in the market,” explains a senior research analyst at FMI.

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According to the analysis of the competitive landscape, strategic mergers and acquisitions remain the key move for an extended market reach and expanded product offerings. A recent acquisition deal involving the Parker Hannifin Corporation and Denison International is reportedly enabling the former to penetrate deeper in European markets. Eaton also recently announced the acquisition of Internormen Technology Group, a manufacturing leader in the hydraulic filtration and instrumentation space.

Strengthening the after service will be the key differentiator for leading market players. Similarly, empowering existing distribution channels and focusing efforts on long-term contractual relationships with leading manufacturers for reliable, consistent supply is also identified to be among the important company strategies.

In order to push the overall sales output and add value to the current sales scenario, a number of players in the hydraulic gear pump landscape are leveraging advanced technologies for superior product quality in compliance with government standards and regulations regarding emission levels.

Agriculture Emerges as a Lucrative End Use Sector

Besides a considerably important role of construction and automotive industries in raising significant demand for hydraulic gear pumps, agriculture is also likely to emerge an attractive hub of business opportunities for manufacturers and innovators of hydraulic gear pumps. Growing cropping intensity is dictating a paradigm shift of the agricultural sector to mechanization that eventually is delivering enhanced cropping intensity. This cycle is predominantly fueling the demand for tractors, thereby encouraging sales of hydraulic gear pumps.

The global landscape of hydraulic gear pump is currently trending with long-term supply contract agreements between hydraulic gear pump manufacturers and recognized OEMs in construction, automotive, and agriculture verticals.

“However, low rate of replacement will continue to limit revenue growth of market. Typically, the life span of a hydraulic gear pump is as long as 4-5 years that translates into a lower rate of pump substitution. Moreover, key suppliers and distributors have been entering vertical and horizontal collaborative contracts focusing on the growing inclination of consumers towards repair and maintenance, thereby restricting the sales of new hydraulic gear pumps,” says the analyst.

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Segmental Insights

  • The material type evaluation of hydraulic gear pump landscape uncovers prevailing dominance of alloy with over 50% share of the market value. Alloy is witnessing an average 4.5% year over year revenue growth and FMI projects maximum incremental opportunity for alloy in the next couple of years.
  • As indicated by the market analysis according to the type of product, unidirectional hydraulic gear pump is gradually moving towards capturing almost a third of the total market value, through at a steady pace in terms of revenue growth.
  • Based on the operating pressure, FMI identifies 100-300Bar segment to be the most opportunistic one with over 40% value share at present. While this segment is likely to be enjoying a significant incremental opportunity, the other two segments in this category, i.e. less than 100Bar and above 300Bar will continue sluggish growth.
  • The analysis of hydraulic gear pump market on the basis of vehicle type concludes that heavy duty vehicles continue to dominate the market scene with over 40% share of the revenue, whereas that of material handling is gradually growing at a promising pace.
  • The application-wise assessment of hydraulic gear pump landscape reveals that lifting applications of hydraulic gear pumps trigger a majority of revenue generation. On the other hand, electrohydraulic powered steering also holds a significant market value share of more than 35% that is likely to see a slight decline in the next couple of years. Post 2020, revenue growth of hydraulic gear pumps through lifting applications will reach the peak in terms of year on year growth, indicates the report.

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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 8-years.

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Busbars Market Comprehensive Shares, Historical Trends & Forecast 2022 to 2028

According to Future Market Insights’ most recent report, the global busbars market is expected to exceed US$ 23,177.7 Mn by the end of 2028, up from US$ 18,278.9 Mn in 2022, at a CAGR of 4.0%. Demand was sustained due to enhanced application across commercial spaces, including hotels, research centers, hospitals, and residential buildings. This modest figure was largely an end-product of a short-term recession experienced due to the ongoing pandemic crisis.

The marketplace for busbars is inclining amid the unrelenting demand for electricity and energy across all continents, attributed to ever-increasing urbanization and populace growth.

The united states of America strength statistics administration projected that in 2018, around 23 million gigawatt-hours consistent with 12 months of strength changed into fed on throughout the globe, catering to nearly 8 billion human beings.

Busbars are largely used in high current, low-medium voltage distribution, and control equipment. They are used for heavy electrical usage in countless industries and commercial facilities such as feeder systems and plating cells.

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As per the latest analysis, the low power rating section governs the market with a 52.8% share contribution. Medium and high-power rating busbars are likely to contribute nearly 28.4% & 18.8% share of the global revenue generation.

furthermore, as nations become closely industrialized, electricity call for is anticipated to boom by way of approximately eighty% by 2050.

consequently, industry leaders are substantially investing in good enough electricity generation and distribution grids, prompting the more advantageous deployment of high-grade conducting and insulation fabric. subsequently, manufacturers are increasingly generating busbars for a huge range of industrial uses.

for the reason that those are energy in-depth industries, demand is sizeable across these domains. but, the lockdown brought about regulations that brought about contractions in manufacturing and manufacturing, causing a dip in calls.

hovering calls for sustainable electricity devices and mounting usage of clever grids to burgeon demand for busbars, which in flip are stimulating the increase of busbar marketplace across the location.

even though, the complexities linked with the busbars are restraining the marketplace boom. furthermore, rising demand for electric cars is anticipated to bolster the increase of the busbar marketplace within the coming near future.

In phrases of local growth, the South Asia & Pacific will likely check in most busbars’ demand, amid amplifying intake of power throughout the residential, industrial, and business sectors.

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A vast increase in the demand for uninterrupted and constant electricity delivery mixed with the developing adoption of renewable strength resources for strength technology, reveals certainly one of the primary factors coercing the market increase within the South Asia & Pacific region.

similarly, owing to considerable advantages of busbars consisting of high reliability, price-efficiency, environment-friendly, and set up ease and re-locatable plug-in stores, copper busbars are possible to gain massive traction in the years to come.

additionally, supportive government subsidies and hefty investments in grid growth and modernization will decorate the utility of busbars. they are also executing electricity-saving packages to upgrade energy efficiency across business offerings.

Competitive Landscape

Busbars manufacturers are investing in the research & development of new adhesives with better curing properties as per changing industry standards across multiple industry verticals.

  • In February 2019, Siemens presented a new form of data transmission for the BD2, LD and LI busbar trunking systems from the Sivacon 8PS portfolio. This technology allows busbars not only to transmit current, but also data. This has enhanced flexibility, transparency and efficiency for power distribution in this digital age
  • In February 2020, ABB introduced the NeoGearTM low-voltage switchgear, which incorporates a revolutionary new laminated bus plate technology. NeoGear has ushered in a new era of looking at busbar technology in switchgear, with a 25% smaller footprint, making it an optimal solution where space is at a premium

Key Players:

  • Schneider Electric SE
  • Eaton Corporation Plc.
  • Siemens AG
  • ABB
  • Methode Electronics
  • Macabre
  • IUSA Group
  • Rittal GmbH & Co. KG

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Key Segments Covered in Busbars Industry Analysis

Busbars Market by Conductor Type:

  • Copper Busbars
  • Aluminium Busbars

Busbars Market by Power Rating:

  • Low Rating Busbars
  • Medium Rating Busbars
  • High rating Busbars

Busbars Market by End User:

  • Busbars for Residential Use
  • Busbars for Commercial Use
    • Hotels
    • Hospitals
    • Academics
  • Busbars for Industrial Use
    • Chemical
    • F&B
    • Metal & Mining
    • Others

Busbars Market by Region:

  • North America Busbars Market
  • Latin America Busbars Market
  • Europe Busbars Market
  • East Asia Busbars Market
  • South Asia & Pacific Busbars Market
  • Middle East & Africa (MEA)Busbars Market

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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 6-years.

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Throat Sprays Market is expected to reach US$ 586.1 Mn by the end of 2032 | FMI

[341 Pages Report] Since the common cold is a viral infection, there is no genuine treatment; nonetheless, there is a well-established market for symptom relief that attracts a lot of interest, demand, and spending.

As per Future Market Insights’ latest industry analysis, the valuation for the global throat sprays market was around US$ 465.7 Mn in 2021 and is projected to exhibit a CAGR growth of close to 2.1% over the forecast period, with an estimated valuation of US$ 586.1 Mn in 2032.

Attributes Key Insights
Throat Spray Market Base Year Value (2021) US$ 465.7 Mn
Estimated Market Size (2022) US$ 473.8 Mn
Projected Market Valuation (2032) US$ 586.1 Mn
Value-based CAGR (2022-2032) 2.1%
Market Share of Top 5 Countries 62.0%

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The widespread proliferation of viral infections in recent years has increased the demand for products that boost immunity. Infections can spread through a variety of channels, even with the strictest precautions. Healthcare industry players are now looking for herbal products that enhance immunity with minimal adverse effects, in order to reduce the associated risks and to cater to the demand for treatments with less detrimental impact.

Herbal infusions, cold beverages, lozenges, and candies containing herbal extracts with calming or numbing elements are frequently the first option of treatment for moderate sore throat symptoms. However, the chemicals in lozenges and sweets are not often directed at the mouth cavity and are delivered relatively slowly. Using a throat spray is a superior and practical treatment option for a sore throat, which is also highly targeted for symptom relief.

“Growing preference for natural-ingredient based throat sprays, along with wide availability of OTC medicines across online sales channels will create opportunities for growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, sales of anesthetic throat sprays will gain traction through 2032.
  • In terms of spray type, the pump and dispensers segment will hold around 2% of the total market share by 2032.
  • By capacity, demand for 20-30 ml throat sprays will gain traction at a 4% CAGR during the forecasted years.
  • Hospital pharmacies will dominate the market by 2032. The segment held around 4% of the total market share in 2021.
  • The U.S. will lead the North America throat sprays market through 2032.
  • Demand for throat sprays in Germany will grow at a 2.9% CAGR over the forecast period.
  • Sales in the China throat sprays market will increase at a 1.9% CAGR over the assessment period.

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Competition Landscape

Research, investment in R&D, strategic collaborations, and technology play a vital role in the throat sprays market growth. Manufacturers and integrators commonly use acquisitions, collaborations, promotions, expansions, and product launches to transfer technology and broaden their customer base internationally. For instance:

  • In June 2021, URSATEC developed a melatonin spray – 100% free from preservatives. It is an effective sleep spray, which is void of any kind of preservatives, for better tolerability and safe use.
  • In March 2022, Procter & Gamble announced that it would expand its manufacturing facility located at 100 Swing Road in Greensboro by 80,000 square feet and create an additional 46 jobs. The company plans to invest $110 million in the expansion.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the throat sprays market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032.

The research study is based on the spray type – (anaesthetics throat sprays, anti-inflammatory throat sprays, pain relief throat sprays, anti-bacterial throat sprays, and natural extract throat sprays), by closures (aerosol sprays, and pump & dispensers), by capacity (5 ml, 10-15 ml, 20-30 ml, and >30 ml), by distribution channel (retail store chains, drug stores, hospital pharmacies, and online pharmacies), across seven key regions of the world.

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Key Market Segments Covered in Throat Sprays Industry Research

Spray Type:

  • Anaesthetics Throat Sprays
  • Anti-inflammatory Throat Sprays
  • Pain Relief Throat Sprays
  • Anti-bacterial Throat Sprays
  • Natural Extract Throat Sprays

Closures:

  • Aerosol Sprays
  • Pump and Dispensers

Capacity:

  • 5 ml
  • 10-15 ml
  • 20-30 ml
  • >30 ml

Distribution Channel:

  • Retail Store Chains
  • Drug Stores
  • Hospital Pharmacies
  • Online Pharmacies

About FMI:

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Infusion Pumps Market is projected to reach US$ 6.6 Billion by 2030 | FMI

[295 Pages Report] FMI’s recent report on infusion pumps projects the market to surge at a CAGR of 5.4% from 2020-2030. Growth is attributed to increasing diabetic population across prominent regions. As per World Health Organization’s projections, there were 422 million diabetic people as of 2014, with a 5% increase in premature mortality.

Consequently, there has also been an increase in associated co-morbidities such as strokes, heart attacks, kidney failure and visual impairment. As a result, infusion pump usage has upticked in order to provide the appropriate medication and nutritional input.

To facilitate efficient drug delivery, manufacturers have incorporated various technological advancements in recent years. Additionally, the advent of wearable and smart infusion pumps is further fueling the market’s revenue prospects.

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Infusion Pumps Market Outlook:

Data Points Market Insights
Market Value 2022 USD 4.4 Bn
Market Value 2030 USD 6.6 Bn
CAGR 2022-2030 5.0%
Key Players The key players are CareFusion Corporation, ICU Medical, Inc., Baxter International Inc., B. Braun Melsungen AG, Fresenius Kabi AG, Terumo Corporation, Medtronic Plc, Smiths Medical, MOOG Inc., and Johnson & Johnson Services, Inc.
Share of Top 5 Countries 46.8%

Global Infusion Pumps Market- Key Takeaways

  • Rising prevalence of cancer to push forward oncology-grade infusion pumps usage in the coming years
  • Ambulatory pumps are poised to hold major sway in the wake of swift drug and nutrient delivery
  • Europe to pivot global infusion pumps market growth, capturing over 1/3rd of the revenue pie
  • Global infusion pumps market is likely to surpass US$ 6 Bn by 2030-end
  • Favorable business reimbursement policies are expected to bolster infusion pumps demand in coming years

COVID-19 Impact Analysis

The COVID-19 pandemic is anticipated to have a moderate impact on the global infusion pumps market. In the initial months of the pandemic’s onset, a slump in the demand-supply equation was observed. This was in response to the imposition of lockdowns and social distancing protocols. Eventually, a resurgence was recorded.

In recent months, regulatory authorities such as the U.S Food and Drug Administration (FDA) issued emergency use authorization to increase the availability of infusion pumps and related accessories. Infusion pumps have been pivotal in administering vital medicines and parenteral nutrition to patients admitted for chronic ailments.

As hospitals reach a saturation point, governments are providing flexibility to infusion pump manufacturers to address supply shortages by permitting them to resume operations. This is slated to sustain the infusion pumps market demand in the short-term forecast.

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Global Infusion Pumps Market- Competitive Intelligence

Prominent players 

  • Fresenius Kabi AG,
  • Terumo Corporation,
  • Medtronic Plc,
  • Baxter International Plc.,
  • Smith Medical,
  • MOOG Inc.,
  • Johnson & Johnson Services Inc.,
  • ICU Medical Inc. and
  • Becton Dickinson & Company among others.

Product launches, expansions, collaborations and other inorganic strategies are being pursued by the aforementioned players. In 2019, Terumo Corporation announced the launch of its TERUFUSION Infusion Pump Type LM Series which utilize smart cutting-edge IT solutions to deliver optimal management and prevents inadvertent excess infusion of drugs into the patient.

In 2010, Hospira Inc. partnered with Smith Medical to market and promote various infusion pumps. The companies collaborated in order to co-promote Hospira’s Symbiq and Plum A+ general infusion pumps along with its Hospira MedNet safety software. The venture also promoted Smith Medical’s Medfusion syringe pumps with the PharmGuard Medication Safety Software.

More Insights on the Infusion Pumps Market Report

A recent market study published by FMI on the ophthalmic lasers 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 incorporates an unbiased analysis of the following segments: product type (syringe pumps, ambulatory pumps, volumetric pumps, implantable pumps, insulin pumps, enteral pumps, PCA pumps and pump accessories), application (chemotherapy/oncology, pediatrics/neonatology, analgesia, gastroenterology, hematology and diabetes), end-user (hospitals, ambulatory surgical centers, homecare, clinics and others) and region (North America, Latin America, Europe, MEA, East Asia, South Asia and Oceania).

Infusion Pumps Market – Key Segment

Product Type

  • Syringe Pumps
  • Ambulatory Pumps
  • Volumetric Pumps (Peristaltic and Cassette/Piston)
  • Implantable Pumps
  • Insulin Pumps
  • Enteral Pumps
  • PCA Pumps
  • Pump Accessories

Application

  • Chemotherapy/Oncology
  • Pediatrics/Neonatology
  • Analgesia
  • Gastroenterology
  • Hematology
  • Diabetes

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End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Homecare
  • Clinics
  • Others

Region

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

About 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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Foley Catheter Market Application, Trends, Growth, Opportunities and Worldwide Forecast to 2030

Foley catheters  Market Size also known as urinary catheters, are flexible tubes that are passed through the urethra and bladder to facilitate easy drainage of urine. They are considered essential in the urology sector, aiding patients with bladder dysfunctions to drain urine into urine bags, and reducing urology-related complications. The prevalence of urological diseases – such as urinary retention, benign prostate hyperplasia (BPH), bladder obstruction, urinary incontinence, and prostate cancer – has witnessed a significant uptick in the recent past. According to the statistics of the Centers for Disease Control and Prevention (CDC), nearly 15-25% of hospitalized patients receive a urinary catheter annually. As the number of hospital admissions continues to rise year-on-year, there is a persistent need for foley catheters in hospitals, which are projected to remain a crucial end-use segment.

Likewise, the growing burden of urinary retention, a chronic condition in which individuals cannot voluntarily urinate, is propelling demand for foley catheters to facilitate easy drainage of urine. As per the estimates of the American Academy of Family Physicians (AAFP), approximately 4.5 to 6.8 per 1,000 men in the US suffer from urinary retention. As the incidence of disorders continues to grow across the world, the demand for foley catheters is poised to remain high for the years to come.

Along similar lines, the high prevalence of urinary incontinence, a condition that causes the urine to leak involuntarily, is projected to bestow remunerative opportunities to players in the foley catheters market. The severity of urinary incontinence rises with age, with men above 70 being the most affected. The expanding base of the geriatric population will continue to necessitate the usage of foley catheters.

COVID-19 Impact on Foley Catheters Market

COVID-19 is expected to create slight fluctuations in the growth trajectory of the foley catheters market. There has been a notable shift in priorities of healthcare institutions, with treatment for COVID-19 patients being the utmost priority across the world. Hospitals in severely affected nations such as the US and India have deprioritized non-essential hospitalizations, leading to a downfall in the demand for foley catheters. With urology not being the most concerning healthcare issue currently, the sales of numerous urology care devices, including foley catheters are likely to witness a decline across hospitals. However, the demand for foley catheters in long-term care facilities is poised to remain unhinged through the pandemic, and will continue to drive the sales of these devices.

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Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global foley catheters market will grow in value at a CAGR of nearly 5% between 2020 and 2030. Some of the key takeaways from the report include:

  • The global foley catheters market is expected to surge past valuation of US$ 2.2 Bn by the end of 2030.
  • By product type, 2-way foley catheters are poised to remain the most sought-out variants, owing to their wide availability and simple installation, and will hold more than half of the overall market value.
  • Among materials, latex-based foley catheters are expected to gain an edge over their counterpart, silicon-based foley catheters, backed by their ability to reduce urethral irritation.
  • Based on indication, urinary incontinence is expected to remain the largest segment, on the back of high incidence among geriatric population.
  • North America will remain at the forefront of the regional landscape ascribed to high expenditure on medical aids coupled with new product approvals.
  • Asia Pacific and Europe will continue to bestow remunerative opportunities to market players.

 “With catheter-acquired infections being a major challenge to the adoption of foley catheters, manufacturers are focusing on developing products with materials and coatings that aid in reducing accumulation of bacteria, thus restraining the possibility of catheter-acquired infections among patients” remarks FMI analyst.

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Who is Winning?

Major players in the market are focusing on developing advanced catheters that reduce the likelihood of the patient developing catheter-associated infections. To achieve the same, they are using novel materials and coatings, and are seeking approvals to commercialize their devices. On these lines,

  • C.R Bard is using silver-ion and antimicrobial coatings in the production of foley catheters to eliminate the risk of catheter-associated infections when used for long periods.
  • B. Braun Melsungen AG continues to develop its catheter product line named Actreen® catheters, designed specifically for urinary retention, and are coated with lubricants to make it comfortable and hygienic to use.
  • In 2019, Safe Medical Design Inc., procured FDA approval to commercialize its new catheter designed to reduce to urethral trauma.

FMI’s report includes profiles of some of the most prominent names in the market including Teleflex Incorporated, Cardinal Health, C.R Bard, B. Braun Melsungen AG, Coloplast A/S, Medtronic plc, Flume, ConvaTec Group, VOTG Medical, Sterimed Group, Ribbel International Limited, Angiplast Private Limited, Mais India Medical Devices Private Limited, and JK Medirise.

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Key Segments

Type:

  • 2 Way
  • 3 Way
  • 4 Way

Material:

Latex Foley Catheter

  • Hydrogel-Coated Latex Foley Catheters
  • Silicon-Coated Latex Foley Catheter
  • Silver-Coated Latex Foley Catheters
  • “PTFE (polytetrafluoroethylene) (teflon)
  • Coated Latex Foley Catheters

Silicon Foley Catheter

  • Hydrogel-Coated Silicone Foley Catheters
  • Pure Silicone Foley Catheters
  • Silver Coated Silicon Foley Catheters
  • Others

Indication:

  •  Urinary Incontinence
  •  Urethral Stricture
  •  Chronic Obstruction
  •  Neurogenic Bladder
  •  Enlarged Prostate Gland/BPH
  •  Prostate Cancer
  •  Others

End-user:

  • Hospitals
  • Long Term Care Facilities
  • Others

About 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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Branded Generics Market Analysis, Recent Trends and Regional Growth Forecast by 2031

[280 Pages Report] ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global branded generics market will register healthy growth at a CAGR of 5.8% between 2021 and 2031.

The swift growth of branded generics market can be attributed to the growing number of patent expiry of branded or blockbuster drugs along with increasing prevalence of chronic diseases. Rising demand for cheap medical treatments is positively impacting the demand in the market.

Branded generics are pharmaceutical drugs that have been re-released with a different brand name. They are used to treat various diseases such as diabetes, hypertension, back pain and others. These drugs occupy small but lucrative subset of the entire generic market

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Since branded generics are free from patenting, companies are investing handsome amounts on this drug category. The market is set to reach a valuation of around 283.2 Bn in 2021, with top players in tier-1 accounting for 20%-25% market share.

The entry of new players, simple market authorization procedures, greater profit margin and off-invoice discounts will expand branded generics market during the forecast period.

As per the FMI’s analysis, despite the slight setback due to the pandemic, the global branded generics market registered year-on-year (Y-o-Y) growth at 4.9% CAGR during 2020-2021.

“Rising demand for branded generics across both developing and developed economies along with high penetration of pharmaceutical industry will offer lucrative growth opportunities for the branded generics manufacturers during the forecast period” says the FMI analyst.

Key Takeaways from FMI’s Branded Generics Market Study

  • China and India are spearheading the growth of Asia Pacific market spurred by the increasing adoption of branded generics by large-scale pharmacy chains in the emerging economies
  • The U.S. will lead the North America’s branded generics market, registering a growth at 3.83% CAGR during the forecast period.
  • The market in India is expected to offer lucrative growth opportunities to branded generics manufacturers backed the expansion of pharmaceutical industry
  • In terms of therapeutic application, cardiovascular diseases and diabetes are expected to account for considerable market share
  • Oral solid dose pharmaceutical formulation continues to be highly preferred among patients. The oral segment accounts for over 55% share of the global branded generics market.

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Competitive Landscape

Teva, Abbott Laboratories, Novartis, Mylan, Pfizer are some prominent players operating in the branded generics market cumulatively hold around 20-25% market share.

Key players operating in branded generic market are focusing on expanding their business in emerging markets. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

  • In October 2020, Glenmark Pharmaceuticals, introduces NINDANIB (Nintedanib) for the treatment of pulmonary fibrosis in India. Glenmark has been amongst the first to launch the branded generic version at an affordable cost for the treatment of pulmonary fibrosis in India.

More Valuable Insights on Branded Generics Market

In its latest report, FMI provides an incisive coverage on the global branded generics market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.The study provides compelling insights on branded generics market on the basis of therapeutic application (oncology, cardiovascular diseases, diabetes, neurology, gastro intestinal diseases, dermatology diseases, analgesic and others), drug class (alkylating agents, anti-metabolites, hormones, anti-hypertensives, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics and others ), formulation type (oral, parenteral, topical, others) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, drug stores) across seven major regions.

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Branded Generics Market by Category Therapeutic Application:

  • Oncology
  • Cardiovascular Diseases
  • Diabetes
  • Neurology
  • Gastrointestinal Diseases
  • Dermatology Diseases
  • Analgesics and Anti-inflammatory
  • Others

Drug Class:

  • Alkylating Agents
  • Antimetabolites
  • Hormones
  • Anti-Hypertensive
  • Lipid Lowering Drugs
  • Anti-Depressants
  • Anti-Psychotics
  • Anti-Epileptics
  • Others

Formulation Type:

  • Oral
  • Parenteral
  • Topical
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

About 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 9-years.

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Dental Sutures Market Value to Grow by Almost US$ 892.9 Mn from 2022 – 2032 FMI

Dental sutures are medical devices that aid in the healing process of the teeth. Despite the huge influx of wound closure procedures, suturing remains to be one of the most used in a range of medical disciplines, including density.

Sutures are still being used by dentists across the globe to fix surgical flaps and close wounds in order to aid recovery. As per Future Market Insights, the global dental sutures market was valued around US$ 453.8 Mn in 2021 and is predicted to exhibit a CAGR of close to 6.5% over the forecast period (2022-2032).

The major cause of early childhood caries (ECC) in children has been identified as frequent sugar consumption, insufficient tooth brushing, poor access to dental care, and insufficient fluoride. With rising prevalence of oral cavities among children, the demand for dental sutures is expected to rise during the forecast period.

According to Centre for Disease Control and Prevention (CDC) data for 2019, more than half of children of age from 6 to 8 years have a cavity in any of their baby teeth and more than half of adolescents of age from 12 to 19 years suffer from a cavity in any of their permanent teeth.

With advancements in suturing materials, post-surgical problems and infections have decreased considerably. This is expected to increase the application of advanced suturing systems, boosting the dental sutures market.

Moreover, rising geriatric population is also driving the demand for dental sutures. Due to tooth loss in the elderly, which necessitates dental sutures for dental implants and other dental operations, the worldwide dental sutures market is likely to gain traction over the forecast period.

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Key Takeaways from Market Study

  • By product, absorbable suture products are expected to hold over 61.7% market value share by the end of 2032.
  • Synthetic materials are leading with over 63.3% of the market share in 2021 and are expected to hold a market value share of around 63.1% by 2032.
  • By end-user, dental clinics hold the highest market share value of 66.6% in 2021, expanding at a CAGR of 6.5% in the forecast period.
  • North America is the leading region with a value share of 34.4% in 2021, owing to the increasing incidences of oral cancer cases and increasing dental procedures in the region.

“With increasing advancements in upgrading suturing materials, and surging number of product approvals and launches, the global dental suture market will witness robust growth over the forecast period,” says an analyst of Future Market Insights.

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Market Competition

Key players operating in the global dental suture market include Henry Schein, Inc., Dentsply Sirona, and B.Braun. Business expansion and new product launches are the key strategies adopted by the leading manufacturers to enhance their reach in the market and compete with other competitors during the coming years.

Key Market Segments Covered in Dental Sutures Industry Research

By Product:

  • Absorbable
  • Non-Absorbable

By Material:

  • Natural
  • Synthetic

By End-User:

  • Hospital
  • Dental Clinics
  • Ambulatory Surgical Centres

By Technique:

  • Interrupted Simple Sutures
  • Continuous Simple Sutures
  • Matteress Sutures
  • Crisscross Sutures

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Supply-Side

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusions and Exclusions

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product USPs

    4.2. Recent product approval and launches

    4.3. Key Promotional Strategies by Market Players

    4.4. Product Adoption/ Usage Analysis by region

    4.5. Regulatory Scenario

    4.6. Reimbursement Scenario

    4.7. PESTEL Analysis

    4.8. Porter’s Analysis

TOC Continue…

About 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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