Plastic Dielectric Films Market to reach US$ 1.5 billion by 2029: Current Landscape, Key Trends, and Future Prospects

With a CAGR of 4.1% anticipated to reach US$ 1.5 billion by 2029, the global market for plastic dielectric films is predicted to reach over US$ 1.1 billion in 2022. Consumption of plastic dielectric film will make up 4.5% of the global market for packaging consumer electronics in 2021. Increased energy efficiency is a top priority for electrical and electronics manufacturers, and since plastic dielectric films are frequently employed as insulation in these products, market growth is being driven by this trend.

The market for plastic dielectric films is predicted to fall by 40 basis share points (BPS) in H1-2022 (O) versus comparison with H1-2021, according to an FMI estimate. However, when comparing the predicted and prospective periods for H1-2022,

Polypropylene plastic dielectric films are in high demand owing to their material specific properties such as high insulation strength, low dielectric absorption, low dissipation factor, and high breakdown strength. PP plastic dielectric films have gained traction as ideal solutions for multiple ranges of temperature.

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Key players operating in the global plastic dielectric films market include Treofan Group, Toray Plastics (America) Inc., Bollore Group, Steiner GmbH & CO. KG, DuPont Teijin Films, Mitsui Chemicals, Inc., Kopafilm Elektrofolien GmbH, Tervakoski Films Group, Birkelbach Kondensatortechnik GmbH, Shin-etsu Film Company Limited, Sungmoon Electronics Co. Ltd., Wenling Wanbao Capacitor Factory (Taizhou Yongji Electronics Co., Ltd.), PPI Adhesive Products (C.E.) S.r.o., Tricor Packaging, Arcwise Packaging, Inc., and Xpro India Limited. 

Excellent properties of plastic dielectric films make them suitable for use in a wide range of applications in AC and DC systems, and high current DC applications. Sales of DC film capacitors are expected to grow at a robust CAGR, upheld by consumer demand for Audio & Video, along with the need for innovative capacitor solutions for IoT-based devices and handled devices.

European Market Poised for Modest Growth through the Next Decade

Consumers in Europe look for more diverse choices in terms of quality, price, and convenience. The electronics & electrical industry in developed countries such as France, Italy, Germany, and UK is matured, and is expected to witness moderate growth during the forecast period. The Europe plastic dielectric films market is expected to register a CAGR of 3.3% through 2029.

The demand for plastic dielectric films for DC film capacitor applications is expected to increase in Europe, and these are expected to account for a market share of 40% in the year 2022. The rapidly growing solar market is also expected to fuel the plastic dielectric films market.

Developed countries such as Spain and Italy, have been putting in commercial wind power generation, to have more than 1 GW energy generation on an average. This will continue to create strong opportunities for growth of the plastic dielectric films market.

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Asia’s Manufacturing Industry to Offer Highly Attractive Opportunities

Manufacturing industry in Asia has been attracting significant investments from leading MNCs which contributes to the plastic dielectric films market growth. Companies from countries such as India, China, and Japan, are growing in the key sectors pertaining to manufacturing, raw material extraction, and services.

The China plastic dielectric films market is expected to witness the highest growth during the forecast period, owing to the rising demand for consumer electronics as a result of improving living standards in the Asia region.

China has gained popularity as the production hub for electronics, and high-volume products in the computer, consumers, and communications segments. Major global OEMs and electronic manufacturing service providers are looking to move their production sites to alternate locations due to cost optimization and raw material supply.

The electrical & electronics industry is rapidly expanding in South Asian countries such as Vietnam, Indonesia, and Malaysia due to multiple factors including low labor costs and substantial domestic demand, thereby driving the plastic dielectric films market in the region.

The South Asian plastic dielectric films market is fragmented in nature with the presence of electronic equipment and component manufacturers with medium-to-large production capacity in the market. India represents the highest market value share in the South Asia plastic dielectric films market and is expected to continue its dominance throughout the forecast period.

The South Asia plastic dielectric films market represents the highest CAGR in terms of value. The South Asia plastic dielectric films market is expected to expand at a CAGR of 5.2% over the forecast period.

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Key Segments Of Plastic Dielectric Films Industry Survey

Plastic Dielectric Films Market By Product :

  • PTEF
  • PEN
  • PET
  • PP
  • PPS
  • PVDF

Plastic Dielectric Films Market By Application :

  • Electrical & Electronics
  • Automobiles
  • Solar & Wind Energy Systems

Plastic Dielectric Films Market By End Use :

  • Electronics
  • Automotive

Plastic Dielectric Films Market By Region :

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

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Exploring the Global Aluminum Extrusion Market: Trends, Growth Factors, and Future Outlook by 2029

Expanding at a CAGR of 4.4%, the global aluminum extrusions market is projected to increase from a valuation of US$ 121.1 Billion in 2022 to US$ 163.3 Billion by 2029.

Over 2022-2029, the global aluminum extrusions market revenue is anticipated to grow at a CAGR of 4.4%, according to the report of Future Market Insights (FMI). Curtain walls and door & window profiles will remain the highest selling product category, whereas building & construction industry is likely to remain top consumer industry in aluminum extrusions market.

The performance of the aluminum extrusions market in a region is observed to be closely associated with the GDP per capita of the geography. The increasing economy of a country leads to the development of a nation, urbanization, and results into the rise in demand for infrastructure along with demand for vehicles. As building & construction and automotive industries are two of the prominent end-user industries for aluminum extrusions, the GDP of a geography has a strong impact on the aluminum extrusions market.

Although considerably high consumption of aluminum extrusions prevails in the automotive industry, specifically within developed regional markets, it will be more prominent in the building and construction industry, according to FMI’s analysis.

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Key Companies: Global Aluminum Extrusions Market

Key manufacturers operating in the global aluminum extrusions market include Hindalco Industries, Jindal Aluminium Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminum Company, Zahit Aluminum, Bahrain Aluminium Extrusion Co. (Balexco), Qatar Aluminium Extrusion Company, Bonnell Aluminum, SKM Co., Ltd., Keymark Corporation, Kaiser Aluminum Corp., Norinco International Cooperation Ltd., Hulamin Ltd., Sankyo Material Company, Hammerer Aluminium Industries GmbH, and WISPECO Aluminium.

China’s Primacy in Aluminum Extrusions Market to Persist through the Next Decade

China, the leading market for aluminum extrusions, registers over 60% of the total market value share. Furthermore, China accounts for more than a quarter of the world’s manufacturing output and the manufacturing sector in the country is rising at a significant pace.

China currently accounts for nearly 30% of the global motor vehicle production in 2021. The automotive industry that has been a prominent end-use vertical of aluminum extrusions will continue to thrive at a high pace – propelling demand for aluminum extrusions further, in coming years.

Despite the huge production capacity of aluminum extrusions installed in the country, China is the largest importer in the world to suffice its ever-increasing domestic demand. Strong manufacturing capabilities of China and the further increasing GDP of the country have propelled the aluminum extrusions market within the country in recent past.

Key Segments of Aluminum Extrusions Industry Survey

Aluminum Extrusions Market by Product:

  • Automotive Chassis
  • Profile for Poles
  • Profile for Bridges
  • Profile for Rail Tracks
  • Door & Window Profiles
  • Curtain Walls
  • Profile for Heat Exchangers
  • Machinery Components
  • Others

Aluminum Extrusions Market by End User:

  • Aerospace
  • Building & Construction
  • Railways & Seaways
  • Energy
  • Defense
  • Others

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Excellent Growth Outlook Foreseen for APEC, Europe & North America

Asia Pacific (excluding China) is also anticipated to create a significant incremental revenue opportunity in the aluminum extrusions market through the next decade, on the backdrop of the rapidly expanding manufacturing industry, particularly in India and ASEAN countries.

Japan is estimated to account for around 1/3rd of APEC’s market value share estimated for 2022. However, Japan will witness sluggish growth due to the stagnant economy of the country. India, one of the prominent producers of motor vehicles globally, will register significantly increasing demand for aluminum extrusions. However, the country’s motor vehicle production will be around five times less than that in Europe or the Americas.

Europe, led by Germany, is anticipated to witness excellent growth in the aluminum extrusions market size, by around 26% over the next 10 years. While Germany will account for more than a quarter of the Europe’s total consumption of aluminum extrusions forecast for 2019, Poland will reportedly mark the highest growth rate. The report has attributed Poland’s market growth to the spectacular growth of the country’s manufacturing industry.

In this report, Future Market Insights has presented the strategies of the key players tracked by an analysis of the current developments related to the aluminum extrusions product segments by these manufacturers. To provide a comparative analysis of the profiled manufacturers of the aluminum extrusions products, a competitive landscape is provided in the report.

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Melamine Pyrophosphate Market Outlook: Opportunities and Challenges in the Forecast Period

The global melamine pyrophosphate market was worth US$ 322.11 Million in the year 2022 and is expected to reach US$ 338.43 Million by the year 2032 at a CAGR of 5.3% between 2022 and 2032.

Melamine pyrophosphate, better known as MPP, comes across as a white crystalline powder containing 12-14% of phosphorus with nitrogen content of 42-44%. The major application of MPP is that of a flame retardant additive in adhesives coatings, plastics, and polymers. Melamine pyrophosphate is highly effective and free of halogens due to the combination of phosphorus and nitrogen present in it. In other words, it results in appropriate P-N-synergism.

The verticals asking for melamine pyrophosphate include textiles, aerospace, home furnishings, and automotives. Plus, MMP is being increasingly used in electronics & semiconductor vertical due to minimization of combustible semiconductors’ flammability.

The governments are also enforcing strict regulations regarding usage of toxic halogenated flame retardants along with growing awareness regarding fire safety; especially amongst those working in the construction vertical. The packaging vertical is also employing flame retardants for averting fire accidents.

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Melamine pyrophosphate is used at a large scale in laptops, smartphones, TV sets, refrigerators, PCBs (printed circuit boards), and vacuum cleaners. The building and construction vertical is witnessing technological transformation. Plastic and structural insulation call for use of melamine pyrophosphate.

Melamine pyrophosphate could be a good replacement to ammonium polyphosphate (as a catalyst and spumescent) in certain intumescent applications). It could be used with various epoxy for achieving fire retardant barriers in the gluelines in plastic laminates and wood.

At the same time, the fact that melamine pyrophosphate market is subject to restraints in the form of health hazards, such that it proves to be irritating to skin and eyes on contact. The inhalation would disturb the mucus membrane and lungs.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Melamine Pyrophosphate Market’ having a team of analysts and consultants through its 360-degree approach in primary, secondary, and tertiary modes of research.

“With safety and security of industrial plants being of prime concern, the global melamine pyrophosphate market is expected to grow notably in the years to come”, says an analyst from Future Market Insights.

Key Takeaways from Melamine Pyrophosphate Market

  • The Asia-Pacific is amongst the key revenue-generators for melamine pyrophosphate market due to rising demand for electronics & electrical items in India and China.
  • Europe holds a significant market share due to the construction and automotive verticals asking for melamine pyrophosphate. Germany leads from the front with extensive applications in electronics vertical.
  • North America is growing on the back of the US promulgating the production of pyrophosphate going forward.

Competitive Analysis

  • Century Multech Inc. produces melamine pyrophosphate that is used in nylons, fabrics, paper, paint, and plastics as a flame retardant. The electronics vertical is another area of application, wherein it’s used in circuit boards.
  • Nordmann does distribute a wide selection of flame retardants from JLS (Chinese partner). The brand name known to construction, textile, coatings, and paint verticals is ‘NORD-MIN’.

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Key Companies Profiled

  • Puyang Chengke Chemical
  • Shouguang Weidong Chemical
  • Tianyi
  • Shian Chemical
  • Sichuan Institute of Fine Chemical Industry Research and Design
  • Cnsolver Technology
  • JLS Chemical
  • Zhenjiang Sanwa Flame Retardant Technology
  • Century Multech Inc.
  • Zhenjiang Xingxing Flame Retardants

What does the Report state?

  • The research study is based on type (experimental grade melamine pyrophosphate, industrial grade melamine pyrophosphate, and commercial grade melamine pyrophosphate), by application (melamine pyrophosphate for synthetic resins, melamine pyrophosphate for thermoplastic elastomers, and melamine pyrophosphate for others), and by end-use industry (melamine pyrophosphate for synthetic resins, melamine pyrophosphate for automotive, melamine pyrophosphate for textile, melamine pyrophosphate for aerospace & defense, melamine pyrophosphate for packaging, and melamine pyrophosphate for others).
  • With chemicals & materials vertical increasingly adopting melamine pyrophosphate, the global melamine pyrophosphate market is expected to grow on an impertinent note in the near future.

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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Real-time Raman Analyzer Market Set to Reach US$ 50.8 Million by 2032, with a CAGR of 10.1%

The global real-time bioprocess raman analyzer market size was valued at around US$ 19.4 Million in 2022 and is predicted to expand at a 10.1% CAGR between 2022 and 2032. According to the analysis, market sales are predicted to reach a valuation of roughly US$ 50.8 Million by 2032. In 2021, the instrument segment accounted for more than 90% of the market value.

Advancement in biopharmaceutical industry and emergence of digital transformation of production processes is the key factor fuelling the growth in the market. Application of suitable measurement sensors along with data analytics, i.e., process analysis technology (PAT), such as the inclusion of information in process control algorithms.

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The PAT method would be able to distinguish between product, process-related impurities, and product-related impurities in real-time. Modern analytical methods are shaped by the need to calculate and demonstrate complex protein treatments, which will boost real-time bioprocess raman analyzer market.

Furthermore, key players in the real-time bioprocess raman analyzer market are increasing their research and development (R&D) investment to expand their production capabilities to serve the requirements of bioprocessing.

For instance, in April 2022, Thermo Fisher Scientific Inc. launched a Ramina process analyzers for process monitoring for a range of applications, including biopharmaceutical manufacturing. The new raman spectroscopic analyzers offer continuous and non-destructive analysis without the necessity for sample preparation, with quick system setup and disposition within 15 min to produce spectral data on target analytes in a few seconds.

In addition, regulatory authorities have also undertaken several steps to enhance their first action approval rate. This step will help the FDA provide fast access to innovative therapies to accelerate research activities. To improve the output of the bioprocessing manufacturing process, companies are emphasizing analytical quality-by-design (AQbD) methods, which are expected to boost the growth of the market.

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Key Takeaways from Market Study

  • Instruments are expected to hold over 90.4% market value share by the end of 2032 and are expected to display a growth at 9.8% CAGR over the forecast period.
  • Bioprocess analysis by application held the highest segment share in terms of the market value of 77.3% in 2021.
  • Biopharmaceutical companies are leading among end-users with a market share of 40.8% in 2021 due to the increasing production of bioprocessing and biopharmaceutical products across the globe.
  • North America is slated to be the largest leading region with a value share of 60.3% in 2021.

 “Increasing investments and research & development activities for in-line and on-line bioprocessing in the real-time will boost real-time bioprocess raman analyser market over the forecast period,” says an analyst of Future Market Insights

Market Competition

Key Players:

  • Kaiser Optical Systems, Inc.
  • Resolution Spectra Systems Inc.
  • Tornado Spectral Systems
  • Sartorius AG
  • Thermo Fischer Inc.
  • Chauvin Arnoux Group (INDATECH)
  • MarqMetrix, Inc.
  • Wasatch Photonics, Inc.
  • Real Time Analyzer Inc

Key players are actively engaged in mergers and acquisitions and collaborations with the leading biopharmaceutical industries and contract manufacturing. This would help them expand their global footprint for real-time bioprocess Raman analyzers.

  • In January 2022, subsidiaries Kaiser optical systems and spectra sensors merge into endress+hauser optical analysis Inc., to strengthen the emphasis on laboratory and process analysis and position itself to provide consumers with better support.

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the real-time bioprocess Raman analyzer market in its latest study, presenting a historical demand assessment of 2018 to 2021 and projections for 2022 to 2032.

Key Market Segments Covered in Real-Time Bioprocess Raman Analyzer Industry Research

By Product Type:

  • Instruments
    • Raman Analyzers
    • Raman Probe
  • Software

By Application:

  • Lab to Process Analysis
  • Bioprocess Analysis

By End-User:

  • Biopharmaceutical Companies
  • Contract Manufacturing Organizations
  • Research Organizations

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Tissue Engineered Skin Substitute Market is likely to register CAGR of 9.6% through 2029

According to Future Market Insights (FMI), the global Tissue Engineered Skin Substitute Market size was valued at around US$ 2.2 billion in 2022 and is predicted to reach US$ 4.13 billion by 2029.

Increasing demand for minimally invasive surgeries, a growing geriatric population, an increase in diabetic foot ulcers, an increase in vascular diseases and burn injuries, advancements in healthcare infrastructure, and increased government investment are the primary factors expected to drive the growth of the tissue engineered skin substitute market.

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With advent of tissue engineering and improved ability to combine advanced manufacturing technologies with biomaterials and cell culture systems, more biomimetic tissue constructs have been emerged. Technological advancements are leading to production of advanced tissue engineered skin substitutes. 3D bioprinting and biotextile are emerging as popular biofabrication strategies for creating bioengineered skin substitutes. A team of researchers in the U.S. recently discovered a technology for complete 3D printing of the living skin along with blood vessels. Emergence of such revolutionary fabrication technologies will create a massive opportunity in the global market.

Despite breakthrough innovations assisting the growth of market, certain limitations are still there. The inability of tissue engineered skin substitutes to produce skin appendages such as hair follicles, sebaceous glands, and nails continues to remain among the most concerning challenges facing R&D teams.

Key Players: 

  • Smith & Nephew plc.
  • Acelity L.P. Inc.
  • Mölnlycke Health Care
  • Integra Life Sciences
  • Allergan plc
  • Regenicin
  • Organogenesis Inc.
  • MiMedx
  • LifeNet Health
  • Kerecis
  • Medline Industries, Inc.

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Key Takeaways – Tissue Engineered Skin Substitute Market Study

  • With increasing researches in tissue engineering, the demand for   biologic skin substitute is expected to increase in the forecast period. For instance, a team of engineers at the California Institute of Technology (Caltech) and ETH Zurich have developed an artificial skin made from pectin, a naturally occurring long-chain molecule present in plant cell walls allowing the construction of natural and new dermis.
  • Increasing prevalence of diabetes and chronic wounds is boosting the demand for tissue engineered skin substitutes.
  • The demand for tissue engineered skin substitutes in emerging economies such as China and India is expected to increase owing to increasing incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.

Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Seeking More Insights?

Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 to 2021 and presents demand projections from 2022 to 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Tissue Engineered Skin Substitute Market by Category 

By Product:

  • Acellular Skin Substitutes
    • Acellular skin substitutes based on Amniotic Membrane
    • Other Acellular skin substitutes
  • Biologic Skin Substitute
    • Allograft
    • Xenograft
  • Cellular Skin Substitutes
    • Cellular skin substitute based on amniotic membrane
    • Other cellular skin substitutes
  • Synthetic Skin Substitutes

By Material:

  • Synthetic
  • Natural

By Application:

  • Chronic Wounds
    • Venous leg Ulcers
    • Diabetic Foot Ulcer
    • Pressure Ulcers
  • Acute Wounds
    • Traumatic Wounds
    • Burn Cases
  • Other Applications

By End User:

  • Hospital
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Research Laboratory

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Retinal Biologics Market Anticipated to Reach US$ 41.92 Billion by 2028 | Demand and Future Trends

Retinal Biologics Market revenue totalled at around US$ 22.25 Billion in 2022. The global market is expected to reach US$ 41.92 Billion by 2028, surging at a CAGR of 11.1% over the period of 2022 to 2028.

  • Increasing prevalence of diabetic eye diseases and age-related macular degeneration (AMD)
  • Significant R&D investments engaged in developing biologics for infectious and non-infectious retinal diseases
  • Growing application of specific biologic molecules as a promising drug target
  • Development of gene therapy as retinal biologics in the wake of large number of monogenic retinal disorders

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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Manufacturers in the retinal biologics market distribute the products through institutional and retail distribution channels. The FMI study finds that institutional sales will garner higher revenues in the retinal biologics market wherein retinal biologics are distributed in specialty clinics and hospitals. Sales in hospitals accounted for over 35% of the market revenues in 2018.

The study estimates that retail sales of retinal biologics will garner similar revenues as that of hospitals and grow at 11.9% in 2019. Retail distribution occurs through retail pharmacies and mail order pharmacies of which retail pharmacies will register higher revenues as compared to its counterparts in the coming years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to hold leading revenues in the retinal biologics market. According to FMI valuation, North America held over 46% of the global retinal biologics market revenues in 2018. Revenues in North America are expected to grow at 10.4% y-o-y in 2019 on the back of increasing prevalence of retinal disorders, steady growth of the healthcare infrastructure and favorable reimbursement scenario.

Europe garnered nearly one-fourth revenues in the retinal biologics market, wherein a bulk of demand penetration was observed in Western European countries such as Germany, the UK, France, Italy, Spain and others. The attractiveness of the APEJ retinal biologics market is expected to rise at the rate of 11% in 2019, wherein China and India remain the most lucrative markets.

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Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the retinal biologics revenues were consolidated in the treatment of macular degeneration. Highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where retinal biologics are used in 2019.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataract and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affect people of age 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Key Players Covered In The Retinal Biologics Market:

  • Spark Therapeutics, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Regeneron Pharmaceuticals, Inc.
  • AbbVie Inc.
  • Amgen Inc.
  • Novartis Pharma AG
  • MeiraGTx Limited
  • Oxurion NV
  • Santen Pharmaceutical Co., Ltd.
  • Bayer AG
  • Bausch Health Companies Inc.
  • Merck & Co., Inc.

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Key Segments of Retinal Biologics Industry Survey

Retinal Biologics Market by Drug Class:

  • VEGF-A Antagonists
  • TNF-α Inhibitors

Retinal Biologics Market by Indication:

  • Macular Degeneration
  • Diabetic Macular Edema
  • Diabetic Retinopathy
  • Uveitis
  • Others

Retinal Biologics Market by Distribution Channel:

  • Institutional Sales
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Retail Sales

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

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Bronchoscopes Market is expected to record sales worth US$ 647.7 Million by the end of 2028

According to Future Market Insights (FMI), the global Bronchoscopes Market size was valued at around US$ 480.3 Million in 2021 and will grow 1.3X during the forecast period. During the projected period of 2022 to 2028, the market is expected to grow at a CAGR of 4.4%, with sales of US$ 647.7 Million in 2028.

By the end of 2021, the global bronchoscopes market is predicted to account for about 4% of the global endoscopes market, which is expected to be valued at US $ 13.0 Billion in the same year. The rising prevalence of idiopathic pulmonary fibrosis, pulmonary fibrosis, interstitial pneumonitis, occupational sarcoidosis, and pulmonary haemorrhage is driving the global need for bronchoscopes and may create numerous prospects for manufacturers.

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Cleaning conventional (multiple use) flexible bronchoscopes takes time and money, and there is a risk of cross infection. Cross-contamination is avoided by using a single-use flexible video bronchoscope. Early evaluation of the cost effectiveness of single-use bronchoscopes reveals possible hospital savings and patient advantages from prevented infections. Because of the appealing benefits, the increased use of single-use flexible bronchoscopes is creating a substantial market.

“Apart from the factors mentioned, technological advancements in the bronchoscopes landscape—witnessing a transformation shift from conventional invasive procedures to minimally invasive and advanced devices—is a critical factor determining the global demand for bronchoscopes, further amplifying its potential applications.

White-light bronchoscopy, Navigational bronchoscopy, and Autofluorescence (blue-light) bronchoscopy among others are some notable advancements and development, driving the global demand for bronchoscopes. Moreover, thin bronchoscopes with minimally invasive features are also gaining prominence. Manufacturers of bronchoscopes have built upon original bronchoscopes by making advancements, in terms of applicability and product versatility”, explains a senior analyst of the company.

Top Four Manufacturers Contribute the Largest Global Revenue

Considering the growing rate of technological advancements key manufacturers of broncoscopes, are making significant investments in the research and development initiatives to further increase the product efficiency. The global broncoscopes market showcases a highly competitive landscape characterized by relatively high barriers to entry, differentiated and well established products, and notable high profit margins.

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Tier-1 manufacturers of bronchoscopes, including Olympus Corporation, FUJIFILM Holdings Corporation, Teleflex Incorporated, and HOYA Corporation, collectively hold a market share of approximately 62.5 percent—with Olympus Corporation contributing the largest revenue slice.

Tier-2 players such as KARL STORZ GmbH & Co KG, Ambu A/S, and Richard Wolf GmbH and tier-3 players including Rochling Group and Shanghai AoHua Photoelectricity Endoscope Co., Ltd, collectively contribute approximately 37.5 percent revenue share to the global bronchoscopes market. Key forward market strategies include:

  • With continued improvements in the global healthcare setting, key players seek acquisition opportunities as a key growth strategy. Olympus Corporation, Fujifilm Holdings Corporation, Teleflex Incorporated, and HOYA Corporation are likely to focus on mergers, acquisitions, and collaborations strategies, in the coming years. HOYA Corporation, for instance, acquired C2 Therapeutics, to expand its interventional endoscopy offerings in the U.S. and also provide aftersales and repair services.
  • Besides strategic tie-ups, new product launches will continue to be the key differentiation strategy, helping manufacturers to further solidify their market position. For instance, Olympus Corporation launched Truresolution objectives for multiphoton laser scanning microscopes. Teleflex Incorporated launched LMA® Gastro Airway, facilitating airway control during endoscopic procedures.
  • Leading manufacturers of bronchoscopes are also focusing on geographical expansions, specifically in emerging nations, by acquiring local players in the endoscopy market.

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Critical Market Restrainers Identified

  • Risks of cross-contamination and post bronchoscopy infection in the form of bleeding, troubled breathing, and low blood oxygen level. FMI study indicates high infection rate at ambulatory surgical centers (ASCs), compared to clinics and hospitals.
  • Growing demand for non-invasive procedures including liquid biopsy and Magnetic Resonance Spectroscopy.
  • Stringency in regulations demanding a pre-market approval (PMA).

Bronchoscopes Market, By Category Product:

  • Non-Video Bronchoscopes
  • Video Bronchoscopes

Modality:

  • Rigid Bronchoscopes
  • Flexible Fiber Bronchoscopes
  • Mobile Bronchoscopes

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Vein Finder Market is expected to reach US$ 86.8 Million by the end of 2028 with sales revenue expected to register CAGR of 10.9%

The global Vein Finder Market size was valued at US$ 42.1 Million in 2021 and is expected to reach US$ 86.8 Million by 2028. The market is further expected to grow at a CAGR of 10.9% during the forecast period.

Innovations in vein finder technology are taking the medical devices sector by storm, with advanced vein finders backed by latest technologies acting as a boon for physicians, nurses, and phlebotomists. The last two years have witnessed notable innovations in vein finder technology, the prominent ones being: 

  • The world’s first slide style palm vein authentication technology was introduced in the vein finder market by Fujitsu Laboratories Ltd. in 2017. This compact technology is capable of being integrated into tablets and benchtop mobile devices.
  • In 2018, Vino Optics launched the Oxy-Iso Paramedic vein glasses, a pair of sunglasses to help physicians and phlebotomists easily locate veins through enhanced image display by filtering ultraviolet rays.
  • This technology is supposedly beneficial for healthcare professionals suffering from colour blindness, as these vein finders help physicians locate veins by enhancing their ability to view reds and greens.

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“Innovations like these are expected to increase adoption of advanced vein finders in hospitals and healthcare establishments, leading to significant revenue growth of the global vein finder market. Our analysis of the performance of the vein finder market reveals an absolute $ opportunity of US$ 3.0 Million between 2018 and 2019 and the global market is estimated to register a stellar growth rate of 10.9% in the coming decade.” Practice Head – Healthcare & Medical Devices, Future Market Insights

Vein Finder Market Structure Overview: Regional Focus to Bolster Global Market Growth

An overview of the market structure of the global vein finder market reveals a strong regional presence of top market companies as well as local players. Leading companies operating in the global vein finder market are leveraging acquisitions as a primary strategy to facilitate regional market expansion. Future Market Insights analysis also observes a strong focus by vein finder companies on R&D for new product development and expansion of the existing product line in key regional growth markets.

“Implementation of inorganic growth strategies is seen as the way forward to penetrate key growth markets across certain developing regions. Companies in the vein finder market with diversified product offerings are collaborating with local regional players to introduce low-cost vein finder products in order to cement their presence across top regional markets.”

In 2017, the leading three companies in the global vein finder market held a revenue share of about 56% while the remaining players contributed about 44% market share. New product development is a key strategy adopted by players in the global vein finder market to increase their brand value. Rising difficulties associated with peripheral venous access and venepuncture is one of the primary factors boosting growth of the vein finder market and key players are capitalizing on the growth drivers to increase their market share.

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Future Market Insights predicts lucrative revenue growth in the various regional markets of Europe and Asia Pacific Excluding Japan. Europe will likely remain the top market for sales of vein finder devices owing to increasing adoption of vein finder across hospitals and clinics to locate veins for drawing blood samples, IV insertions, and other vascular procedures.

Portable Vein Finder to Garner Maximum End User Demand; Infrared Technology to Register Fastest Growth in Revenue

Portable vein finders are likely to be the most preferred product type in the global vein finder market, registering impressive demand as well as sales growth in the coming decade. The convenience and ease of use offered by portable vein finders is the primary factor boosting adoption across hospitals, clinics, and other healthcare institutions. The global vein finder market is fuelled by advanced technology with infrared technology being the most adopted in vein finders. Among the various end users of vein finders, hospitals are likely to exhibit the highest demand in the next 10 years, also contributing to maximum revenues in the global vein finder market.

Competitive Landscape

The market for vein finders is fragmented by nature, with only a few players present. These players are part of several strategic alliances. The product launch and acquisition speed up the manufacturer’s strategy to capitalise on market share and gain a sizable market share.

Furthermore, the corporations are focusing on the launch of new items to boost their product portfolio in the Asia Pacific area in order to expand their clientele and capture the largest market share in emerging economies.

Key Players

  • AccuVein Inc.
  • Christie Medical Holdings
  • Koninklijke Philips N.V
  • Osang Healthcare Co. Ltd
  • Teleflex Inc. (Acq. VueTek Scientific, LLC.)
  • TransLite, LLC
  • ZD Medical
  • Vivolight
  • Venoscope LLC
  • Shenzhen Bestman Instruments Co., Ltd

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Vein Finder Market by Category

By Product:

  • Portable
  • Benchtop

By Technology:

  • Ultraviolet
  • Infrared
  • Ultrasound

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers and Path Labs
  • Veterinary Clinics
  • Home Care Settings
  • Blood Banks

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse All Reports: https://www.futuremarketinsights.com/reports
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Acrylate Oligomer Market to Register Highest CAGR of 5.68% through 2032

The global acrylate oligomer market is expected to grow at a moderate 5.68% CAGR for the forecast period of 2022 to 2032. The acrylate oligomer market was valued at an estimated US$ 2.1 Bn in 2021. Elevated demand for acrylate oligomer from different industries like buildings & construction, paintings & coating, and many others is likely to foster a healthy market environment for acrylate oligomer over the forecast period.

The growing inclination for UV-cured paints, adhesives, and coating resins, along with the rapid expansion of the building and construction industry and the automotive sector are some of the market drivers for acrylate oligomers. Over the past few years, acrylate oligomers have been gaining traction in the paints and coatings industry because of their excellent chemical resistance and fast curing properties. Thus acrylate oligomers are being extensively used in the ultraviolet (UV) and electron beam curing applications. Additionally, rapid expansion of the building and construction sector owing to the economic boom as well as rising government initiatives and investments is propelling the demand for the acrylate oligomer market.

Besides, the advancing automotive and electronics industries are likely to create attractive growth opportunities for acrylate oligomer manufacturers during the upcoming decade. Acrylate oligomers are ideal for the production of automotive coatings and adhesives which require strong bonding properties to withstand extreme environmental conditions. With its inherent properties, acrylate oligomers meet this requirement of the automotive industry. Moreover, the introduction of new advanced acrylate oligomers in the market is expected to further expand the global acrylate oligomer market dimensions in the near future.

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“Increasing adoption of acrylate oligomer in ultraviolet and electron beam curing of coatings and inks is likely to augment the market growth of the product over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Rising demand for high-performance coatings to fuel market possibilities.
  • Implementation of stringent environmental protection regulations hinders the market prospects for acrylate oligomer.
  • The Asia Pacific is to retain its market lead over the forecast period.
  • Acrylate oligomers market in Europe to display steady growth during 2022-2032.

Competitive Landscape 

Arkema SA, BASF SE, Covestro AG, Royal DSM, Hitachi Chemical Company Ltd., Nippon Gohsei, Lambson Limited, Allnex Group, Jiangsu Sanmu Group Corporation, Toagosei Co. Ltd., IGM Resins B.V., Alberdingk Boley GmbH, and Miwon Specialty Chemical Co. Ltd., and others are some of the major players in the acrylate oligomer market profiled in the full version of the report.

The presence of a large number of regional and domestic players has resulted in a highly competitive market. Major market players are interested in adopting different strategies like new product launches, and the establishment of new manufacturing facilities across profitable regions. These businesses also engage in strategic partnerships, mergers and acquisitions.

More Insights into the Acrylate Oligomer Market Report

In its latest report, FMI offers an unbiased analysis of the global acrylate oligomer market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on type (urethane acrylates oligomer, polyester acrylates oligomer, laminated acrylates oligomer, epoxy acrylates oligomer, other acrylates oligomer), end use industry (automotive & transportation, chemicals & plastics, buildings & construction, paint & coatings and adhesives, other industries), and region.

According to the latest FMI reports, based on region, Asia Pacific is predicted to retain its lead in the global acrylate oligomers market during the assessment period of 2022 to 2032. Rapid industrialization and urbanization, the presence of major acrylate oligomers manufacturers, easy availability of raw materials at affordable costs, and favorable government policies are propelling the market growth in this region.

Swiftly growing countries like China and India are undergoing an increase in demand for high-performance paints and coatings due to expanding automotive and construction sectors. Consequently, the sales of acrylate oligomers in the region are likely to spike over the assessment period.

Apart from the Asia Pacific, the Europe acrylate oligomer market is projected to demonstrate stable growth during the assessment period. This growth is attributed to the rapid expansion of industries like building & construction, and chemicals & plastics. There is a notable surge in demand in countries like the U.K., France, and Germany. This is owing to the presence of various leading acrylate oligomer manufacturers among other factors.

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Key Segments Profiled in the Acrylate Oligomer Industry Survey

By Type:

  • Urethane Acrylates Oligomer
  • Polyester Acrylates Oligomer
  • Laminated Acrylates Oligomer
  • Epoxy Acrylates Oligomer
  • Other Acrylate Oligomer

 By End-Use Industry:

  • Automotive & Transportation
  • Chemicals & Plastics
  • Buildings and Construction
  • Paint & Coatings and Adhesives
  • Other Industries

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • 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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Silver Nitrate Market to Reach US$ 8.8 Billion, Globally, by 2032 at 5.2% CAGR: Future Market Insights, Inc.

The global silver nitrate market is expected to create lucrative growth opportunities over the assessment period by registering a CAGR of 5.2% from 2022 to 2032. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion in 2032. The growth of the market is attributed to the increasing demand for silicone elastomers, especially across the automotive and construction industries.

Silver nitrate is known as an inorganic chemical compound created by combining silver with nitric acid. It is commonly found as a colorless translucent rhombic tabular crystal. Furthermore, silver nitrate appears to be a non-hygroscopic white crystalline solid. It is water and ammonia soluble.

Within the medical and pharmaceutical sectors, silica nitrate is frequently utilized as a cauterizing, sclerosing, and anti-microbial agent. In analytical chemistry, it is used to precipitate chlorine, bromine, and iodine-cyanide. In the electroplating business, silica nitrate is used as a silver plating material. It is also used in the production of various coloring agents like dyes and inks. In the ceramic, electronics, and explosive sectors, a small quantity of silica nitrate is employed.

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Report Highlights

The prolific properties of silver nitrate are anticipated to have an effect on the growth of the global silver nitrate market over the assessment period. Because the chemical is very hygroscopic and soluble in water, it is an excellent oxidizing agent.

Silver nitrate is used as a starting material in the manufacture of silver oxides, silver halides, and a variety of other derivatives. Attributing to its exceptional qualities, silver nitrate is increasingly being used in a variety of industrial and commercial applications. This feature is expected to promote the growth of the global silver nitrate market during the course of the study.

Recent Developments

The augmenting demand for silver nitrate in jewelry and photographic applications is predicted to bode well for the industry in the next decade. Silver nitrate includes antifungal and antiseptic characteristics, which make it useful in the pharmaceutical and medical sectors.

Attributing its phenomenal properties, silver nitrate is excessively utilized as an organic coloring agent, an analytical reagent, and a catalyst. As a result, the compound’s features are projected to fuel its demand in a variety of industrial and commercial applications. This, in turn, is expected to fuel expansion in the worldwide silver nitrate market throughout the assessment period.

Owing to the emergence of rigorous laws on silver nitrate grades in medical and food applications across numerous areas is anticipated to hamper the regional demand for silver nitrate.

Competitive Landscape

The top six competitors in the worldwide silver nitrate market control more than 60% of the market. Among the prominent participants in the silver nitrate market consists of, Ames Goldsmith Corporation, S D FINE CHEM LIMITED, Spectrum Chemical Manufacturing Corp., Sigma-Aldrich Co. LLC, Rochester Silver Works LLC, Tongling Nonferrous Metals Group Holdings Co. Ltd., Chengzhou Jingui Silver Industry Co. Ltd., K. Chemical Industries Pvt. Ltd., EMD Milipore Corporation, Mahi Enterprise, Columbus Chemical Industries (CCI) among others.

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More Insights into the Silver Nitrate Market

The Asia Pacific region is anticipated to dominate the global silver nitrate market over the assessment period as the leading producer of silver nitrate. China is expected to produce a significant amount of silver nitrate and export it further to other industrialized nations. However, due to increased industrialization in countries like as China and India, the market in the Asia Pacific are expected to develop at a quick rate over the projected period.

The production capacity is on the rise as Chinese chemicals and pharmaceutical businesses are anticipated to surge demand for silver nitrate in the nation during the next several years. Advances in medicine and the introduction of electroplating technologies are expected to boost demand for silver nitrate in the Asia Pacific region in the near future.

According to Future Market Insights, North America consumes the most silver nitrate, followed by Europe and Asia Pacific. Rising demand for silver nitrate as a cauterizing agent in developed economies such as the United States and Canada is predicted to drive silver nitrate demand throughout the evaluation period.

Key Segments Profiled in the Silver Nitrate Industry Survey

Grade:

  • Analytical Reagent Grade (ARG)
  • Active Pharmaceutical Ingredient (API) Grade
  • Photographic Grade

Application:

  • Photography & Jewellery
  • Medicine & Healthcare
  • Glass Coating
  • Others (Laboratory, Ceramics, etc.)

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & 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.

Contact Us:

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