Market Research Blog

The industrial cleaners market is highly fragmented owing to the presence of a large number of global and domestic players who are leveraging product differentiation to stay ahead in the game. Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future Market Insights (FMI).

The market is creating increasing growth opportunities for both existing players as well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low production costs owing to low investment of capital and limited process training. A low entry barrier for new players is characteristic of the industrial cleaners market.

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According to a senior analyst in the Chemicals domain at FMI, “Established global players in the industrial cleaners market are primarily focussing on increasing their manufacturing capacities as well as introducing sustainable and multipurpose industrial cleaners to stay competitive in the ever-growing market. Global players are thriving in the industrial cleaners market due to their widespread distribution channels, sales networks, and wide product portfolios, and are able to maintain a steady year-on-year growth in revenue. Domestic manufacturers, although large in number, offer stiff competition to the global players in their respective regions in the industrial cleaners market.”

FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from end-use industries. Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. Growing health and safety concerns especially in the manufacturing sector is pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also help reduce the harmful effects of chemicals used in manufacturing processes on human health as well as the environment. This is one of the significant factors boosting adoption of industrial cleaners across end-use industries.

Sustainable Industrial Cleaning Solutions Trending the Global Market

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive.

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Multipurpose Industrial Cleaners are a New Trend in the Global Market

Manufacturers in the industrial cleaners market are launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions. Launch of a single product with multipurpose functions is a key manufacturer strategy being witnessed in the industrial cleaners market.

Segmental Insights from FMI’s Report on the Industrial Cleaners Market

• The degreasers product type segment is expected to hold high market share in the industrial cleaners market, as degreasers are the most common type of industrial cleaners used in manufacturing industries for cleaning equipment with moving parts, which tend to accumulate rust and grease.
• The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

Industrial Cleaners Market: Regional Insights

Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the global industrial cleaners market, and these regions are expected to create huge demand for industrial cleaners due to the growing number of manufacturing industries. The rapidly expanding population and increasing need for consumer goods in China and India has led to rapid development of the manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.

Key Players in the Industrial Cleaners Market

Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.

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Industrial Cleaners Market: Segmentation

Product Type

• Acidic Cleaners
• Optical Effect Products & Stabilizers
• Surfactants
• De-foaming Agents
• Disinfectants
• Degreasers
• Deodorizers
• Refinery Specific Cleaners

End Use Industry

• Oil, Gas & Petrochemicals
• Power Generation
• Metallurgy
• Chemicals
• Food & Beverages
• Paper & Print
• Sugar
• Textiles
• Other Manufacturing

Region

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

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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Pediatric Vitrectomy Market

pediatric vitrectomy market is projected to register a CAGR of 6.5% during the forecast period, up from US$ 1.3 Bn in 2021 to reach a valuation of US$ 2.6 Bn by 2032.

The pediatric vitrectomy market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfill the demand for pediatric vitrectomy, making it more accessible to customers in the global pediatric vitrectomy market.

Sales of pediatric vitrectomy are expected to rise significantly. In addition to this, sales of pediatric vitrectomy are rising on account of US$ 1.7 Bn by 2026. Increasing sales of pediatric vitrectomy are also projected to contribute to the growth of the pediatric vitrectomy market share.

One of the primary factors driving the growth of the demand for pediatric vitrectomy is the increasing number of children suffering from different eyesight and eye problems. The growing demand for pediatric vitrectomy procedures is propelling the pediatric vitrectomy market forward.

The pediatric vitrectomy market is also predicted to rise due to the introduction of new and enhanced vitrectomy devices. The demand for pediatric vitrectomy is expected to benefit from increased public knowledge about safe and effective vitrectomy surgery procedures.

Government initiatives to improve treatment and reimbursement regulations are accelerating the growth of the pediatric vitrectomy industry. Over the projection period, new products in the pipeline are projected to boost the sales of pediatric vitrectomy market growth.

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However, compared to adult vitrectomy surgery, there are various problems connected with conducting vitrectomy surgery on children, which inhibits the growth of the demand for pediatric vitrectomy market. Furthermore, there are various negative effects related to vitrectomy, including infection, increased eye pressure, and so on, which may stifle the sales of pediatric vitrectomy market growth.

Manufacturers in the pediatric vitrectomy market get a big platform from which to serve the whole demand for pediatric vitrectomy. The worldwide sales of pediatric vitrectomy are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for pediatric vitrectomy more accessible to customers.

Alcon, Orion Medic, Leica Microsystems GmbH, Bausch & Lomb, Carl Zeiss Meditec AG, Optos PLC, Lumenis Ltd., Synergetics, Inc., and Synergetics, Inc. are key competitors in the pediatric vitrectomy market.

Surge in demand for SF6 gases from the power industry is expected to remarkably contribute towards the expansion of the di-electric gases market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit 7.6% CAGR by 2031. Growth will continue especially as the demand from power utilities continues rising. As per FMI, SF6 gases will account for over 85% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Globally, the di-electric gases market is driven by the increasing demand for SF6 gas in power utilities, transportation, and chemicals & petrochemicals industries. The power utilities and transportation industries among them have emerged as key end users, with power utilities accounting for over 50% of di-electric gases sold. Promising growth is on cards as there is unavailability of any substitute products for SF6. The application of SF6 as an insulating medium in gas insulated products, such as switchgears, transformers, and gas insulated lines will therefore gain momentum in the coming years.

Dielectric gases are dielectric materials that exist in the gaseous state. These gases are generally used as insulating medium in high voltage transmission units, such as transformers, switchgears and gas insulated lines. The gas used as an insulating media must have chemical inertness, good dielectric strength, high thermal stability, non-flammability, and low boiling point. The most common gases used across the globe for insulation purpose in dielectric gases are dry air, Nitrogen, SF6, fluoroketones (FK), fluoronitrile (FN) and others. In the others segment perfluorcarbon (PFC), fluoroxirane (FO), and all the remaining combinations used as dielectric medium in gas insulated transmission units.

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Key Takeaways from Di-electric Gases Market Study

• Driven by the rising demand from power utilities, the di-electric gases market will continue expanding, reaching a valuation of US$ 241.4 Mn by 2031
• Expansion of power utilities and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
• Increasing investment is identified as a chief driver of the U.K. market, enabling y-o-y growth at 7% in 2021
• Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the di-electric gases market
• China’s contribution towards East Asia market will continue rising, trailed by South Korea

Di-electric Gases Market: Participant Insights

Key manufacturers in the Di-electric Gases market, like The 3M Company ,Solvay S.A. ,General Electric, The Linde Group, KPL International Limited, Matheson Tri-Gas, Inc., Kanto Denka Kogyo Co., Ltd., Showa Denko K.K., ABB Inc., Messer Group GmbH and others.  are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Di-electric Gases Market by Category

Gas Type

• SF6 Di-Electric Gases
• Dry Air Di-Electric Gases
• Nitrogen Di-Electric Gases
• Fluoronitrile (FN) Di-Electric Gases
• Fluroketones (FK) Di-Electric Gases
• Others

By End Use Equipment

• Switchgear
• Transformers
• Gas Insulated Lines

Application

• Medium Voltage
• High Voltage
• Extra & Ultra High Voltage

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Di-electric Gases market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Di-electric Gases market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

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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Patient safety is the key focus for healthcare organizations around the world. As a result, they are mobilizing latest technologies to offer safer and improved patient care. Patient identification solutions are therefore rolled out across hospitals and specialty clinics to ensure accuracy in patient identification and administer effective treatment that complement’s with patients’ health requirements.

In a recent report, Future Market Insights (FMI) studies the scope for expansion of the patient identification wristbands market. The report forecasts the market to record a robust expansion at nearly 7.9% CAGR between 2020 and 2030. Besides soaring cases of infection and focus on streamlining hospital management while saving time and cost incurred will drive the market for patient identification wristbands market.

The report sees lucrative prospects for the market in the rising implementation of radio frequency identification tags (RFID) technologies in the healthcare sector. With the uptake of automated identification technologies hospitals and other healthcare institutions are aiming at saving time and cost incurred by providing real-time identification, traceability, temperature, communication, and location data of patients.

Using health information technology to improve patient care has become a top priority for healthcare organizations around the world. Besides this, technologies such as patient identification wristbands promise to up the overall quality of patient care. FMI sees the rising focus on improving the overall quality of services as a key factor driving the market for patient identification wristbands.

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Some of the key takeaways from the report are:

• The market for patient identification wristband was valued at US$ 374.7 Mn in 2019
• North America is forecast to remain a lucrative market, driven by strong demand in the US
• South Asia and East Asia markets are forecast to rise at a higher CAGR
• Market is forecast to remain competitive, thanks to the high degree of fragmentation yet tier one companies are expected to hold sway
• Demand for better managing patient care and monitoring treatment administered amid soaring cases of chronic ailments, patient identification solutions will prove indispensable to healthcare sector

COVID-19 Impact on Patient Identification Wristbands Market

Partial and complete lock down of economies during pandemic crisis has greatly hampered the production of patient identification wristbands. The unprecedented COVID-19 outbreak has yet again brought the fragile pharmaceutical supply chain to the limelight.

Emergency care as well as supply of drugs are hampered during pandemic and so is the production of patient identification wristbands. While operations in the market is expected to remain sluggish, they are forecast to recover amid rising demand from June 2020.

The market is likely to experience short-term negative impact owing supply chain disruptions caused by the pandemic crisis. However, government stimulus to essential services such as healthcare, will help the market stay afloat amid the tumultuous times.

Who is winning?

The presence of several companies has rendered the patient identification market highly fragmented. Competition witnessed in the market is therefore soaring, although majority of share is held by the tier 1 companies.

In order to navigate through prevailing competition, most companies are aiming at making a mark overseas. For this, they are adopting strategic collaborations to expand their footprint worldwide and boost their product portfolio.

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Some of the companies have even invested in setting up new facilities in the past to gain competitive advantage. For instance, in March 2018, Medline opened a new warehouse in the U.K. to leverage and support their business operation in the country.

To Know More about Patient Identification Wristbands Market:

A new market research report published by Future Market Insights (FMI) on the global patient identification wristbands market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through six different segments – product, materials, closure type, age group, end use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of patient identification wristbands and product adoption across several end-use industries.

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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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.

Contact:

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Future Market Insights (FMI) provides key findings on the global Silica for S-SBR market in its latest report titled ‘Silica for S-SBR Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028’. The market viewpoint on the global Silica for S-SBR market remains optimistic, with market value expected to increase at a CAGR of 7.2% during the forecast period (2018– 2028).

Among types, the untreated segment is expected to expand at a significant growth rate, in terms of value, over the forecast period. However, there has been a noteworthy rise in demand for treated type of Silica for S-SBR since the last few years from North America and Europe.

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Silica is used as a reinforcing filler and has been replacing conventionally used carbon black in tires. The use of Silica for S-SBR has led to improvements in rolling resistance. Silica for S-SBR has also been responsible for improving fuel efficiency by 5%-7% and reducing carbon emission by ~20%. The sales of Silica for S-SBR is estimated to be valued at US$ 619 Mn by the end of 2018, witnessing a Y-o-Y growth of 7.2% over the period 2018-2028. China is estimated to have accounted for a value share of 22.1% in the global Silica for S-SBR market by 2017 end and is anticipated to retain its dominance throughout the forecast period in the global Silica for S-SBR market. North America also holds significant position, both in terms of production and consumption of Silica for S-SBR.

Injection of silica in the nano-pores of S-SBR causes interpenetration and maximum space/pore filling. This results in tight polymer-filler (silica) interlocking, which eventually leads to lower hysteresis and thus, higher rolling resistance. Silica for S-SBR is used in modern passenger car tires’ threads as reinforcing filler. Silica is also widely used as a performance enhancing filler for tires, industrial goods and as a non-black reinforcing agent for footwear soles, especially athletic shoes.

Increasing stringent regulations regarding tire labelling in countries, such as North America, Europe, China, Japan and South Korea, are anticipated to drive the demand in the Silica for S-SBR market. The use of Silica for S-SBR significantly enhances tire performance. The magic triangle i.e wet grip, abrasion resistance and wear resistance, shows significant improvements with the use of Silica for S-SBR in tires. Silica for S-SBR leads to better grip and braking during winters. Thus, a rise in demand for Silica for S-SBR in winter tires is expected during the forecast period. Tire makers have switched to Silica for S-SBR made tires to cut down rolling resistance by 20% and increase fuel efficiency by 5%. Road transport contributes ~20% share to CO2 emission in the EU and other developed countries.

The footwear segment is also anticipated to witness rise in demand for silica for S-SBR. The use of silica in footwear sole results in highly wear resistant sole that doesn’t leave scrapes on floor.

Major manufacturers have also entered into strategic partnerships with the global tire manufacturers to ensure long term supply of silica for S-SBR application.

Over the past few years, the global manufacturers have also expanded their product offerings for the use of silica for S-SBR for the non-tire thread applications.

Segmentation Analysis

On the basis of application, the Silica for S-SBR market is anticipated to be dominated by the tire reinforcement segment. Silica for S-SBR made tires offer higher fuel efficiency, which consumers prefer these days and thus, the demand in the Silica for S-SBR market is anticipated to increase during the forecast period.

Regional Analysis

From a regional perspective, a significant share of the global Silica for S-SBR market demand is projected to come from North America and European regions. Tire labelling regulations and governments’ efforts to cut down CO2 emissions have led to further rise in demand for Silica for S-SBR market. Silica reinforced S-SBR market is anticipated to witness rise in demand from winter tires in the country. SEA and Other Pacific has witnessed rise in demand for silica for S-SBR owing to the growing automotive industry in ASEAN region. Regions such as Japan and South Korea has also witnessed noteworthy rise in demand for silica for S-SBR owing to the increase in use of high performance tires for heavy and medium vehicles apart from the passenger cars.

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Key Players Dominating the Global Silica for S-SBR Market

Some of the key players whose profile has been covered in the global silica for Silica for S-SBR market study are Trinseo, Lanxess Aktiengesellschaft, LG Chem, Dynasol Group, Taiwan Synthetic Rubbers Corporation, JSR Corporation, Sibur International GmbH and Sumitomo Chemicals Co. Ltd., amongst others.

Silica Manufacturers in the Global Silica for S-SBR Market

Solvay S.A. Evonik Industries AG, PPG Industries Inc., Oriental Silicas Corporation amongst others.

Key Segment

Type

• Treated
• Untreated

Application

• Tire reinforcing material
• Footwear sole
• Polymer Modification
• Adhesives and Sealants
• Others

End Use Industry

• Automotive
• Construction
• Footwear
• Other Industrial

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:

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As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

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Self -Testing Market – Major Takeaways

• The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
• By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
• Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
• Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

• Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
• Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
• Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

• North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
• The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
• East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

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Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

• Digital Monitoring Instruments
• Midstreams
• Cassettes
• Cups
• Strips
• Test Panels
• Dip Cards
• Others

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Application

• Pregnancy & Fertility Testing
• Blood Glucose Testing
• STD/ STI Testing
• Cancer Testing
• Cholesterol Testing
• Drug of Abuse Testing
• Thyroid Testing
• HIV Testing
• Others

Sample

• Blood
• Urine
• Stool
• Saliva
• Semen
• Vaginal Swab

Distribution Channel

• Drug Stores
• Retail Pharmacies
• Supermarket/Hypermarket
• Online Pharmacies

Regional Outlook:

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

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.

Contact:

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Growing prevalence of superficial and systemic fungal infections have posed a significant challenge to healthcare providers across the world. Increasing prevalence of fungal infections of the skin, vagina and blood have prompted vendors to concentrate on developing swift and advanced molecular diagnostics in recent years.

Techniques such as real-time testing have led to massive proliferation of the fungal testing kits market, with technologies such as loop mediated isothermal amplification coming to the forefront. Molecular diagnostic based tests have immensely assisted in administering timely treatment to severely infected patients, thereby reducing fatalities.

In light of these developments, ESOMAR-certified consulting firm Future Market Insights opines that the global fungal testing kits market will reach US$ 3.4 Bn by 2030, registering an incremental opportunity worth US$ 2.1 Bn throughout the forecast period.

Fungal Testing Kits Market- Key Takeaways

• Widening expenditure on healthcare infrastructure to uplift demand across Asia-Pacific
• Molecular detection tests to tower over others, reaching US$ 1.6 Bn by 2030
• Skin samples are anticipated to capture the lion’s share, accounting for over 40% of the market
• Medical diagnosis to remain core application area, generating an attractiveness index of 2.8

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COVID-19 Impact Insights

The novel coronavirus pandemic has led the entire world into doldrums. With a massive uncertainty looming large over people’s heads, a major economic downturn is on the cards. In spite of this, the healthcare industry remains stoic, committed to eradicate the pandemic as soon as possible.

Future Market Insights projects the fungal testing kits market to register minor shortfalls in the short-term, pegging the slowdown to a rate of 1.1%. Short-term supply crunches were experienced in the initial months, attributed to logistical curbs. However, online marketing helped restore the growth trajectory.

Recent studies have concluded that demand for fungal testing kits are anticipated to surge due to rising cases of COVID-19 associated pulmonary aspergillosis (CAPA). Thus, a minor setback is expected for the market in the short-run, after which projections are expected to return to normal.

Competitive Intelligence

Prominent players include Merck KGaA, Thermo Fisher Scientific, bioMerieux SA, ELITech Group, PerkinElmer Inc., GenMark Diagnostics Inc., Norgen Biotek, C.P.M Diagnostic Research SAS, Biomed Diagnostics Inc., PCRmax, F. Hoffman La-Roche Ltd., Hologic Inc and Bioquochem. The market appears to be fairly fragmented in nature.

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In May 2019, Thermo Fisher Scientific announced the acquisition of Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies for US$ 1.7 billion. The acquisition has helped the former enhance its laboratory products and services portfolio.

In 2018, PerkinElmer Inc. announced development of the Quasar C-18 used to compare Clotrimazole HPLC analysis. In February 2020, GenMark Diagnostics Inc. published a pipeline study detailing the effectiveness of a PCR-based digital microfluidics and electrochemical detection system for rapid identification of 15 fungal pathogens.

More Insights on the Fungal Testing Kits Market

Future market Insights offer a unique perspective and actionable insights on fungal testing kits market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on test type (Molecular test, chromogenic test and others), by sample type (Skin, urine , vaginal secretions, blood, cerebral and others), by application (Research, Susceptibility Testing, Medical Diagnosis and others) by End user (Diagnostic Laboratory, Hospitals, Pharmaceutical Companies, Research and Academic Institutes) in seven key regions.

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Key Market Segments Covered In Fungal Testing Kits Industry Research

By Test Type:

• Molecular Test
• Chromogenic Test
• Others

By Sample Type:

• Skin
• Urine
• Vaginal secretions
• Blood
• Cerebral
• Others

By Application:

• Research
• Susceptibility Testing
• Medical Diagnosis
• Others

By End User:

• Diagnostic Laboratory
• Hospitals
• Pharmaceutical Companies
• Research and Academic Institutes

By Region:

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

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.

Contact:

Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com
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The escalating burden of cardiac arrhythmias such as atrial fibrillation, atrial flutter, ventricular tachycardia, Wolff-Parkinson-White (WPW) syndrome and AV-nodal reentrant tachycardia (AVNRT) has been fuelling the demand of the electrophysiology devices and procedures. Future Market Insights in a new study has projected the reach a valuation of US$ 6.02 Bn by the end of 2021.

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

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

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

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

Key Takeaways from Electrophysiology Market Study

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

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Who is Winning?

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

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

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

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

Electrophysiology Market: Segmentation

Product Type

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

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

Indication

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

End-User

• Hospitals
• Cardiac Catheterization Laboratories
• Ambulatory Surgery Centers

Region

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

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.

Contact:

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With swelling exploration activities of new mines, across key targeted regions, the global demand for mining collectors—used in the froth flotation process and the recovery of heavy metal sulfides from ores—is anticipated to witness a steady year-on-year of 5.4 percent, in 2019. The mining collectors market, however, is projected to lie in the steady growth-low value quadrant, through the forecast period of 2019-2027, as per a recent market intelligence report by Future Market Insights (FMI).

“High-quality reserves are depleting, globally translating into comparatively lower productivity and produce. The demand for mining collectors and mining chemicals has increased as a result of this, specifically for mineral extraction processes from ores with lower mineral content, further making the extraction process economically feasible. Mining sector continues to be the dominant application for Xanthates consumption, representing approximately 95 percent of the overall share,” Senior Analyst, FMI.

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Latin America to Retain Dominance with Increased Investments in Mining Activities 

The moderate growth in the mining collectors market is supported by an increased supply and demand scenario in China. FMI analysis also indicates that apart from China, Latin America and MEA form a major market for mining collectors, supported by increasing metal mining activities for precious metals such as gold and platinum, in the region.

“FMI predicts increased investor confidence in Latin America’s mining sector, given the rise in commodity prices of key components such as gold, silver, zinc, and copper, specifically in Peru, Chile and Mexico. While lithium and copper are expected to attract maximum investments, producers are estimated to focus on expansion projects in Chile and Peru—likely to hold the most lucrative investment opportunities. Such opportunities will pave for increased adoption of mining collectors”, Senior Analyst.

North America mining industry is expected to grow significantly in the second half of the forecast period as mining companies shift their focus towards extraction of ores from deep underground reserves, to sustain in the market, thereby increasing the demand for mining collectors for flotation process.

Eastern Europe, on the other hand, is also likely to exhibit potential investment opportunities with a key focus on Russia and the region’s significant reserve of metals and non-metals.

Safer Alternatives Get Applauded; Environmental Challenges to Restrict Market Growth

Since mining collectors are unstable and toxic in nature, its transportation poses serious threats, pushing manufacturers such as Cytec and Clariant to develop environmental friendly alternatives and likely to further impact the global adoption scenario of mining collectors. More recently, Solvay Group launched a new range of collectors, HOSTAFLOT, replacing Xanthates in the traditional sulfide flotation applications. Apart from being a cheaper alternative, the new product uses sustainable raw materials, is safer to handle, and also offers a longer shelf life compared to Xanthates. In addition, while ores are becoming difficult to treat and environmental regulations are becoming more stringent. Water use and conservation is a major concern. Hence, there is an increasing focus on the development of specialty reagents that can meet the needs for treating difficult ores and combat environmental challenges.

Key Trends Likely to Shape the Future Course of Mining Collectors

• Increasing preference for potassium-based Xanthates given its high extraction strength from low grade ores versus traditional sodium based xanthates (ethyl xanthates).
• Noticeable investments in expanding the application scope of Xanthates in rubber processing and agrochemicals processing.
• To better cater to the growing demand for mining collectors from end-use industries, such as mining, agrochemicals, and rubber processing applications globally, manufacturers are focusing on strategically expanding their capacities while also directing their efforts towards ensuring a steady supply and access to key raw materials such as amyl alcohol and others.

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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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
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The global medical hyperspectral imaging market will reach nearly USD 249.7 million by 2030, according to a new market research study by Future Market Insights (FMI), an ESOMAR-certified firm.

Growing number of healthcare ailments continues to drive advancements in medical imaging landscape. As such, computational power, image analysis, and hyperspectral cameras are the technological innovations being implemented all across the healthcare industry.

Non-invasive diseases as well as surgeries are being precisely figured out by imaging sensors. Also, they do not emit any sort of radiation to harm the patient or operator. According to FMI’s analysis, these factors will provide impetus to the market during the assessment period.

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List of Key Players Covered in Medical Hyperspectral Imaging market are:

• IMEC
• Norsk Elektro Optikk
• Galileo
• Gilden Photonics
• Resonon
• XIMEA
• Gooch & Housego
• Chemlmage
• Applied Spectral Imaging
• Cubert
• EVK DI Kerschhaggl
• Headwall Photonics
• FluxData

Key Takeaways

• Hyperspectral camera holds the largest market share owing to latest advancements with respect to sensor development
• High preference for accuracy to boost prospects of MHSI in healthcare
• US and Europe to collectively account for nearly 40% revenue share
• India’s growth as a medical tourism hub to create opportunities for market players

Although FMI’s report is bullish on the use of hyperspectral imaging in medical applications, initial investments and reluctance to experiment will lead to limited adoption, especially in the next couple of years.

FMI’s discussion with stakeholders across the value chain revealed that concerns related to data storage, and the subsequent associated cost has been a key restraint for end-users. Many providers are offering cloud-based storage options, and it is likely that over the course of the forecast period, adoption will gradually increase.

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Hyperspectral imaging used in a range of sectors apart from healthcare. The key hyperspectral imaging players are continuously focusing on offering technologically-superior products, not just for the healthcare industry.

According to FMI, holistic advances in hyperspectral imaging will boost the confidence of healthcare industry and fuel adoption. However, manufacturers will need to maintain that elusive balance between quality offerings and competitive pricing.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global medical hyperspectral imaging market is segmented in detail to cover every aspect and present a complete market intelligence approach to the reader.

The study provides compelling insights on medical hyperspectral imaging market on the basis of product type (healthcare hyperspectral cameras, accessories), application (medical diagnostics (ophthalmology, wound diagnostics, oncology, GI Diseases, others)), tissue and cell biology, drug discovery, others), technology (Visible Hyperspectral Imaging, Near-Infrared Hyperspectral Imaging, Ultraviolet Hyperspectral Imaging, Short-Wave Infrared Imaging, and Mid-Wave Infrared Hyperspectral Imaging), end-user (diagnostic centres, hospitals, research & academic centres, pharmaceutical & biotechnology companies) across seven regions.

Key Regions Covered:

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

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs