Automotive Cups and Glass Holder Market to reach US$ 25 Billion by 2032 | FMI

The global automotive cups and glass holder market is estimated to surpass a valuation of US$ 25 Bn by the end of 2032. The sales of automotive cups and glass holders are expected to total US$ 12 Bn by 2022, accelerating at a CAGR of 9% to 10% during the forecast period 2022-2032.

Globally Automotive Industry has witnessed significant transformation owing to globalizations across the globe. Moreover, technological innovations and developments in automotive industry has also created heaving competition among automotive vendors of various region. Furthermore, with the growing disposable income, the consumers are more focused towards comfort provided by the vehicle during the journey.

Therefore, accessories used in the interior of the vehicle are also playing most crucial role in deciding the vehicle to be purchased by consumers. Forcing the designers to put additional efforts for the interior of the automobile. Additionally, development and introduction of Automotive cups and glass holder is one of the essential innovation in the automotive industry.

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Rising emphasis of automotive manufacturers on providing high comfort and convenience accessories during the travel is projected to augment the demand for automotive cups and glass holders in the global market.

This can be attributed to the increasing consumption of beverages within the vehicle or during driving has forced the manufacturers to introduce automotive cups and glass holders at desired location with the automobile according to the need and vehicle category. Automotive cups and glass holder seems like a simple accessory in a vehicle, but the technological development leads to introduction of a spill free cups and glass holder. Furthermore, the automotive cups and glass holder market is projected to grow with a healthy CAGR during the forecast period.

Global Automotive Cups and Glass Holder Market: Regional Outlook

Globally, the automotive industry is predominately dominated by Asia Pacific region. The region is holding significant shares in the global automotive cups and glass holder market. Additionally, the region is also projected to grow with healthy pace and maintain its prominence throughout the projected period of time.

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The significant increase in the population of the region mainly of China and India is creating new demand for automobiles every year, making the automotive cups and glass holder market lucrative in the region. Furthermore, the presence of leading manufacturers of automobiles in the European region is making the region to hold noteworthy share in the global automotive cups and glass holder market. Germany to lead the overall demand for automotive cups and glass holder in the European market.

The market in Latin America is also anticipated to hold significant potential owing to the positive outlook of the automotive market of Brazil. Therefore, Brazil is set to drive the Latin America automotive cups and glass holder market and projected to hold healthy share in the future.

Global Automotive Cups and Glass Holder Market: Market Participants

  • Bestek
  • APA/URO Parts
  • GenuineXL
  • AutoTrust Gold
  • Dorman
  • Rugged Ridge
  • Replacement
  • Crown
  • Rampage
  • Smittybilt
  • Vertically Driven Products
  • Febi
  • RT Off-Road

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Russia, Poland)
  • South Asia (India, ASEAN)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Automotive Cups and Glass Holder Market: Segmentation

The global automotive cups and glass holders market can be segmented on the basis of location, orientation, vehicle type, sales channel and region.

On the basis of location, the global automotive cups and glass holders market is segmented as:

  • Retractable Cup and Glass Holder
  • Built-In Cup and Glass Holders
  • Console Cup and Glass Holder
  • Dashboard Cup and Glass Holder
  • Armrest Cup and Glass Holder
  • Door Trim Cup and Glass Holder

On the basis of orientation, the global automotive cups and glass holders market is segmented as:

  • Flexible Cup and Glass Holder
  • Fixed Cup and Glass Holders

On the basis of vehicle type, the global automotive cups and glass holders market is segmented as:

  • Passenger Car
  • Compact
  • Mid-Size
  • Luxury
  • SUV
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Trucks & Trailers
  • Buses & Coaches

On the basis of sales channel, the global automotive cups and glass holders market is segmented as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected Automotive Cups and Glass Holder market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Automotive Cups and Glass Holder market performance
  • Must-have information for Automotive Cups and Glass Holder market players to sustain and enhance their market footprint

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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Tinnitus Management Market is projected to reach US$ 3.2 Bn by 2031 | FMI

[301 Pages Report] According to a recent study by Future Market Insights (FMI), the global tinnitus management market is expected to register sustainable growth during the forecast period. The market size is likely to grow from US$ 2.5 Bn in 2021 to over US$ 3.2 Bn by 2031 at a CAGR of around 2.8% over the forecast period (2021-2031).

Rising prevalence of tinnitus, technological advancements in tinnitus management devices, and rise in research and development activities undertaken by key manufacturers are some of the factors driving the tinnitus management market.

Tinnitus is the medical terminology for a buzzing or ringing noise in the ears. Most people refer to tinnitus as “ringing in the ears.” Tinnitus can either be subjective or objective. Objective tinnitus is uncommon. Subjective tinnitus is very common, accounting for maximum sales of tinnitus management devices and drugs worldwide.

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Tinnitus is the third most common health concern among the people throughout the globe. About 10%–15% of adults have prolonged tinnitus requiring medical evaluation worldwide. This increasing prevalence of tinnitus will propel the growth of tinnitus management market over the forecast period.

Manufacturers are increasingly focusing on quality, technological, and aesthetic features when developing devices such as invisible devices, cloud integration, Ai integration, and drugs with lowest possible side-effects. This is expected to have a positive impact on the global market.

Key Takeaways from Tinnitus Management Study

  • By product, devices hold the maximum share of 93.8% in 2021, expanding at 2.9% CAGR during the forecast period.
  • By indication, subjective tinnitus will account for 95.6% of the market share in 2021 exhibiting the highest demand.
  • By distribution channel, audiology centers & ENT clinics together account for more than 60% of the market share in 2021.
  • By region, North America held the largest share of 52.7% of the global tinnitus management market in 2021.

“Technological improvements in tinnitus management devices will remain a priority for the market players. Apart from focus on innovations, market players are expected to aim at strategic collaborations to gain expertise and expand their product portfolio,” says the FMI Analyst.

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Who is Winning?

The key market players covered by FMI include Signia, Starkey Hearing Technologies, Inc., GN Hearing A/S, Widex A/S, Oticon Inc., Neuromod Devices Ltd., Neuromonics Inc., Puretone, Inc., Pfizer Inc., Sanofi and GlaxoSmithKline.

Some of the leading manufacturers of tinnitus management market are focusing on product launch, collaboration, and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In October 2020, Starkey and OrCam partner to provide groundbreaking assistive technology to hearing and visually impaired people.
  • In March 2019, Sivantos Pte. Ltd., and Widex A/S, announced the successful completion of the business combination between Sivantos and Widex. The newly created company will operate under the name WS Audiology and be headquartered in Lynge, Denmark and Singapore.

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Tinnitus Management Market by Category

By Product:

  • Devices
    • Sound Masking Devices
    • Notched Music Devices
    • Hearing Aids
  • Drugs
    • Tricyclic Antidepressants
    • Antianxiety
    • Anticonvulsants

By Indication:

  • Subjective Tinnitus
  • Objective Tinnitus

By Distribution Channel:

  • Audiology Centers
  • ENT Clinics
  • Hospitals
  • E-Commerce

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 8-years.

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Meningococcal Vaccines Market is expected to reach US$ 7.7 Bn by the end of 2032, with sales growing at a 8.6% CAGR | Get Insights FMI

[236 Pages Report] The global meningococcal vaccines market is expected to grow at an 8.6% CAGR during the forecast period, reaching US$ 3.4 billion in 2022. According to Future Market Insights (FMI), the conjugate vaccines segment will have a 62.6% revenue share in 2021.

Partnerships between the private sector and public institutions have been the chief agenda of global public health initiatives.

The last few years have witnessed an increase in several private-public partnerships specifically focussing on vaccine provision in developing countries. Partnerships like the International Coordinating Group on Vaccine Provision for Epidemic Meningitis Control (ICG) help magnify the vaccine outreach to remote areas of the world with the maximum need.

The governments of several countries across the globe initiate immunisation programmes periodically and these programmes are backed by global organisations such as UNICEF and WHO and private not for profits like the Global Alliance for Vaccines and Immunization (GAVI).

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A classic example of how private-public partnerships are helping boost vaccination programmes across deep regional pockets is Brazil.

In 2010, Ezequiel Dias Foundation, Brazil formed a strategic alliance with Novartis Vaccines & Diagnostics for the sustainable supply of Menjugate MenC vaccines for Brazil’s National Immunization Program. By 2015, Brazil became self-sufficient in the production of the meningococcal C conjugated vaccine for the country’s public vaccination programmes. Such initiatives at the global level are anticipated to support global immunisation goals and at the same time boost growth of the meningococcal vaccines market.

Key Companies Profiled:

  • Sanofi Pasteur Inc.
  • GlaxoSmithKline Plc
  • Wyeth Pharmaceuticals
  • Bio-Manguinhos
  • Bio-Med Pvt. Limited
  • Chongqing Zhifei Biological Products Co., Ltd.
  • Hualan Biological Engineering Inc.
  • Incepta Pharmaceuticals Ltd.
  • Pfizer INC
  • Serum Institute of India Pvt. Ltd
  • Walvax Biotechnology Co., Ltd.

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Factors Leading to Worldwide Adoption of Meningococcal Vaccination Programmes

The global meningococcal vaccines market is expected to be driven by enhanced access to vaccines in low and middle-income countries, growing investments by manufacturers and governments to cope with pandemic meningitis outbreaks, and rapidly growing consumption of meningococcal vaccines bolstered by immunisation alliances and mass vaccination campaigns among others.

Partnerships and alliances between manufacturers and governmental healthcare organisations are facilitating the speedy introduction of vaccines in some of the economically challenged countries of the Middle East and Africa region. Enhanced access to vaccines in under-penetrated global markets is expected to accelerate revenue growth of the global meningococcal vaccines market.

Approval of new vaccines in the U.S and Europe in 2015 and 2017 to treat meningococcal meningitis has revolutionised the global immunisation landscape. This is further boosting the growth trajectory of the global market for meningococcal vaccines.

GlaxoSmithKline to Lead the Global Meningococcal Vaccines Market with About 50% Market Share Recorded in 2017

The global meningococcal vaccines market is highly consolidated, with GlaxoSmithKline and Sanofi together holding about 80% of the global market share in 2017. Pfizer is the third largest company in this market with just under 12% market share in 2017.

Companies are expanding their production capacities through the acquisition of established vaccines production units of other global or local companies.

Sanofi has a huge pipeline of 17 active meningococcal vaccines programmes and is targeting emerging markets; while GlaxoSmithKline has 5 active pipeline programmes for meningococcal vaccines, all of which are in the phase II clinical stage. Addition of the vaccine Bexsero has enabled GlaxoSmithKline to defend its brand against Sanofi’s aggressive portfolio in the paediatric vaccines space.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Key Market Segments Covered in Meningococcal Vaccines Industry Research

By Product:

  • Polysaccharide
  • Conjugate

By Age Group:

  • Infants
  • Children
  • Adolescents & young Adults
  • Adults

By Distribution Channel:

  • Pharmacies
  • Community Clinics
  • Public Health Agencies
  • Others (hospital pharmacy, private market etc.)

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

systems market is projected to be worth US$ 2.59 Bn by 2022 and is expected to grow to US$5.4 Bn by 2032, at a CAGR of 7.8% from 2022 to 2032.

Biomaterials Market Demand : The global biomaterials market is expected to reach a market valuation of US$ 156.2 Billion by the year 2022, accelerating with a moderate CAGR of 15.4% by 2022-2032.

IoT in Healthcare Market Size : The global IoT in healthcare market is projected to reach US$ 181.4 Billion in 2022, anticipated to grow at a CAGR of 18.0%, reaching US$ 952.3 Billion by 2032.

 

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 6-years.

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Obesity Management Market is expected to grow with a CAGR of 5.1%, from USD 828.71 Mn in 2022

[324 Pages Report] Globally, more than 1 billion individuals are overweight or obese and the numbers continue rising. This high prevalence of obesity will drive demand for obesity management products and services in the long term.

According to the World Health Organization (WHO), approximately 1.9 billion adults were overweight and 650 million adults were obese. Whereas 38.3 million children under 5 years of age were either overweight or obese in 2019. One in three adults in North America is obese. In the U.S., 80 million adults and 12.7 million children suffer from obesity.

Obesity is a prominent community health problem in many parts of the world. It is associated with numerous health disorders including gallbladder disease, heart disease, diabetes, stroke, hypertension, and fatty liver disease in addition to some cancers. According to a recent Future Market Insights (FMI) report, the market is set to surpass US$ 1.2 Bn by the end of the forecast period in 2031, with a CAGR of over 5%.

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Furthermore, there has been an increase in the per capita healthcare expenditure, especially in developed countries, with better reimbursement policies. People are now inclined towards out-of-pocket expenditure healthcare. Personal health, grooming, and concerns over social discrimination are leading people to take obesity management consultations.

However, the unprecedented pandemic crisis has had a significant impact on the obesity management market due to a slump of patient footfall in hospitals and clinics. Preference is now being given to the treatment of COVID-19 patients, limiting resources for anti-obesity consultations and related drugs or surgeries.

Also, there has been a halt in clinical trials for weight management drugs. However, with the availability and commencement of the COVID-19 vaccination, the clinical trials are resuming and are anticipated to pick up pace during the forecast period. Also, the adoption of telehealth and in developing countries is likely to bode well for the future of the market in the long term.

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Key Takeaways from Obesity Management Market Study

  • Bupropion and Naltrexone will reflect register faster growth at a CAGR of 8.4%, owing to an increase in the preference for combination therapy in weight management.
  • Gastric sleeve surgery will account for over 40% of the market throughout the forecast period owing to benefits of simplicity and time-efficiency.
  • The U.S. will lead the North America market with a share of over 64% in 2021, driven by continuing diet and lifestyle issues prevalent in the country.
  • Germany followed by Russia are leading markets in Europe, reflecting CAGR of over 6% through the end of 2031, driven by improvements in public health programs.
  • Japan dominates the East Asia market, accounting for 49% value share in 2021, with government awareness programs contributing to growth.

“The rapidly increasing obesity cases and the resultant chronic diseases have triggered concern among patients and healthcare professionals. The COVI-19 crisis has alarmed people, as overweight people are at higher risk of acquiring SARS-COV2. This consciousness may help in encouraging obesity management uptake through 2021 and beyond,” says the FMI analyst.

Key Participant Insights

Prominent players in the Obesity Management Market are focusing on collaborations, mergers & acquisitions for global expansion and enhanced opportunities focused on emerging economies thereby, enhancing their market presence.

The key market players covered by FMI include GlaxoSmithKline Plc., VIVUS, Inc., Novo Nordisk A/S, Currax Pharmaceuticals LLC, Cheplapharm Arzneimittel GmbH, Bausch Health Companies Inc., and Takeda Pharmaceuticals, Inc.

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Obesity Management Market by Category

By Drug Type:

  • Bupropion and Naltrexone
  • Orlistat
  • Lorcaserin
  • Phentermine and Topiramate
  • Liraglutide

By Surgery Type:

  • Gastric Bypass Surgery
  • Adjustable Gastric Banding Surgery
  • Gastric Sleeve Surgery
  • Duodenal Switch Surgery
  • Others

By Distribution Channel:

  • Hospitals Pharmacies
  • Retail Pharmacies
  • E-commerce

About FMI:

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

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Over-The-Counter (OTC) Veterinary Drugs Market expected to expand at a CAGR of 8.1% 2022-2032

Global Over-The-Counter (OTC) Veterinary Drugs market is expected to grow at a decent rate owing it to the increase in number of manufacturers for Over-The-Counter (OTC) veterinary drugs, worldwide. There are variety of drugs available in the market as Over-The-Counter (OTC) veterinary drugs for the safe use in animals. These drugs are available in various forms, topical drugs are available as gels, oils, creams, and sprays for various applications. Antibiotics and non-steroidal anti-inflammatory drugs are very common Over-The-Counter (OTC) veterinary drugs in the market. The drugs are available for various medical conditions related with the skin, eyes, and allergic reactions to the animals.

The Over-The-Counter (OTC) veterinary drugs market is well equipped with the retail pharmacies by the end user segment. Injectable drug involve vaccines, which are majorly used by the companion animals for their safety and improving their well-being. The Over-The-Counter (OTC) veterinary drugs market is expected to propel during the forecast period with the growing awareness on the safety and prevention of diseases among companion animals.

Over-The-Counter (OTC) Veterinary Drugs, also termed as non-prescription drugs are drugs that are available without any prescription. These drugs are effective and safe when all the directions on the label or directed by the healthcare professional are followed. The FDA in the U.S. considers when a specific drug is effective and safe enough to be sold over-the-counter. Over-the-counter (OTC) veterinary drugs usage is attributable to the savings on cost incurred on clinical visit and on the drug cost. There are limited veterinary drugs that are approved and available to veterinarians.

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The veterinarians often depend on the use of different sources and types of drugs to treat their patients. Over-The-Counter (OTC) veterinary drugs are checked on the assurance of the product effectiveness, safety, and manufacturing to stringent standards for purity, quality, and potency. The FDA Centre for Veterinary Medicine (CVM) is responsible for the manufacturing and distribution of veterinary food additives and drugs. Over-The-Counter (OTC) veterinary drugs are regulated under The Federal Food, Cosmetic, and Drug ACT, which regulated statutory provisions that govern all the key regulations of Over-The-Counter (OTC) veterinary drugs. The Act formulate drugs as, “articles for use in the cure, diagnosis, treatment, mitigation, or prevention of diseases in animals or man”.

Over-The-Counter (OTC) Veterinary Drugs Market: Drivers and Restraints-

Over-The-Counter (OTC) Veterinary Drugs are poised to witness a significant growth owing it to the paradigm shift from Rx to OTC by major pharmaceutical manufacturers. Increasing tendency of people towards the health of their companion animals in developed regions, majorly, and immense cost savings with Over-The-Counter (OTC) veterinary drugs pose various advantages, further boosting demand for Over-The-Counter (OTC) veterinary drugs.

However, several serious issues with OTC drugs pertaining to inappropriate substance abuse vehemently and diagnosis of the animal might obstruct market growth for Over-The-Counter (OTC) veterinary drugs during the forecast timeframe. This has also resulted in withdrawal of various Over-The-Counter (OTC) veterinary drugs used for therapy from the market over the years. Stringent regulations regarding Over-The-Counter (OTC) veterinary drugs and substance abuse related issues might also hinder market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period.

Over-The-Counter (OTC) Veterinary Drugs Market: Region-wise Outlook

Over-The-Counter (OTC) veterinary drugs market is immensely concentrated in major developed economies like the U.S., Japan, and China. The United States is expected to witness a moderate growth due to market saturation in a few product categories. Technological advancements is however, expected to boost market growth for Over-The-Counter (OTC) veterinary drugs worldwide.

Increase in consumer appetite for Over-The-Counter (OTC) veterinary drugs for their companion animals, and growing need of curbing the veterinary-related healthcare costs is expected to fuel the market growth for Over-The-Counter (OTC) veterinary drugs in the Europe region. Increase in efforts for Over-The-Counter (OTC) veterinary drugs licensing for treatment of various diseases in animals is also expected to boost the market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period. However, traditional medications for veterinary disease treatment might slow down the market growth for Over-The-Counter (OTC) veterinary drugs in the Asia-Pacific and MEA region.

Over-The-Counter (OTC) Veterinary Drugs Market: Key Market Participants

Some of the market participants in the Global Over-The-Counter (OTC) Veterinary Drugs market identified across the value chain include: Merck & Co., Inc., Zoetis, Inc., Eli Lilly and Company, Virbac, Bayer AG, Sanofi, Vetoquinol S.A., Boehringer Ingelheim International GmbH, and Dechra Pharmaceuticals PLC.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Over-The-Counter (OTC) Veterinary Drugs Market: Segmentation

On the basis of Drug Class, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • H2 Receptor Antagonists
  • Non-steroidal Anti-inflammatory Drug
  • Artificial Tears and Ocular Lubricants
  • Antihistamine
  • Antibacterial
  • Glucocorticosteroid
  • Antidiarrheal Agents
  • Nutraceuticals
  • Others

On the basis of Form, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • Topical
  • Oral
  • Injectable

On the basis of Distribution Channel, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • Retail Pharmacies
  • Mail-order Pharmacies
  • Hypermarkets & Supermarkets

On the basis of geography, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • North- America
  • Eastern Europe
  • Western Europe
  • Asia-Pacific excluding China & Japan
  • China
  • Japan
  • Middle East and Africa
  • Latin America

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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 8-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006, Jumeirah Bay 2, Plot No: JLT-PH2-X2A,
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Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com
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Negative Pressure Wound Therapy Market is expected to reach US$ 9.9 Billion by 2032, expanding at a 5.2% CAGR over the forecast period.

[395 Pages Report] FMI-a well-established name in the market research domain – forecasts that, the NPWT market will experience a major upturn post 2025, reaching a valuation of US$ 3.2 Bn by 2029.

Effectiveness of negative pressure wound therapy (NPWT) in treating acute and chronic wounds is a key factor driving its adoption across hospitals, clinics, and homecare settings. The use of NPWT devices in managing closed incisions, where the risk of wound breakdown is higher, is also fuelling the growth of the negative pressure wound therapy market, especially in North America and Western Europe. Development of safe and highly-effective negative pressure wound therapy devices has helped address concerns related to potential risks, leading to greater adoption across end-use sectors. Decline in the number of adverse reaction and product recalls has led to increased confidence on the safe use of NWPT.

Key Takeaways of NPWT Market Study

  • Single-use disposable negative pressure wound therapy devices, under product, are expected to exhibit a CAGR of 8% during the forecast period.
  • The U.S. is anticipated to dominate the global negative pressure wound therapy market and account for over 86% share of the North America NPWT market.
  • Hospitals and home care settings segments are expected to dominate the negative pressure wound therapy market during the forecast period, owing to significant adoption of NPWT systems.
  • Companies are focusing on collaborating with established research centres and other manufacturers to develop products complaint with regulations across the globe that can help in the treatment of chronic disorders.

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FREQUENTLY ASKED QUESTIONS ABOUT NEGATIVE PRESSURE WOUND THERAPY (NPWT) MARKET

Which countries have significant growth potential in the negative pressure wound therapy market over the next decade?

Countries such as China and India have a relatively large population base and incidence rates of various chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, which is boosting the growth of the negative pressure wound therapy market. Besides, the number of healthcare facilities is increasing in these countries, and the demand for NPWT devices and dressings is expected to further increase over the next few years.

How are government initiatives increasing the demand for NPWT?

Increasing government initiatives in the healthcare sector in various countries are encouraging the development of newer and innovative technologies to enhance treatment methods such as NPWT. Government hospitals in various developing countries have initiated a wide range of foot-care programmes, including therapeutic health education, regular foot examinations, and screenings to identify those at high risk, significantly boosting the growth of the negative pressure wound therapy market.

Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices

Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America. There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.

Examples of some disposable NPWT devices from top players include

  • V.A.C.Via Therapy System,
  • Prevena Incision Management System (Acelity),
  • PICO (Smith and Nephew PLC.),
  • AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)

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NEGATIVE PRESSURE WOUND THERAPY (NPWT) MARKET TAXONOMY

The global negative pressure wound therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Standalone NPWT Devices
  • Single-use Disposable NPWT Devices
  • Portable NPWT Devices
  • NPWT Accessories (Canisters)

End User

  • Hospitals
  • Clinics
  • Home Care Settings

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Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

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Plug-in Hybrid Electric Vehicles (PHEV) Market to Grow at CAGR of 8.6% by 2032

According to Future Market Insights research, during the projected period, the global Plug-in Hybrid Electric Vehicles market is set to enjoy a valuation of US$ 120.87 Bn in 2022, and further expand at a CAGR of 8.6% during 2022-2032. The sales of Plug-in Hybrid Electric Vehicles are estimated to propel with the top 3 countries projected to hold approximately 30-35% of the market by the end of 2022.

A Plug-in Hybrid Electric Vehicle (PHEV) is a vehicle which comprises of internal combustion engine (IC Engine), electric motor, and a rechargeable battery. The PHEV can work even after their battery is emptied, by using IC Engine and can operate as a conventional vehicle. The combination of both electric and IC engine power enable the vehicle to travel long distances. As compared to conventional vehicles, plug-in hybrid electric vehicles emit less harmful greenhouse gases, thus making them more environment friendly than the conventional vehicles.

PHEVs are mostly passenger cars but there are light commercial vehicles, heavy commercial vehicle, and two wheelers which have this feature available. The PHEV is popular in number of countries such as U.S., China, Japan, the Netherlands, and Canada. The plug-in hybrid electric vehicle gaining popularity in other countries as well such as France, Italy, Germany, Sweden, U.K., Norway, and Spain among others.

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Global Plug-in Hybrid Electric Vehicle Market Dynamics: 

Global Plug-in Hybrid Electric Vehicle Market is driven by rising environment concerns, stringent emission norms, and subsidies & tax benefits by the governments. Plug-in Hybrid Electric Vehicle Market is facing restraints such as high cost of plug-in hybrid electric vehicles, lack of infrastructure such as plug-in charging points, and high cost of battery. To overcome these restraints private sector and government organizations should work closely to ensure the cost of the plug-in hybrid vehicle decreases and construction of adequate infrastructure. Along with this, public awareness programs should be carried out to aware the public about the benefits of the plug-in hybrid electric vehicles over the conventional vehicles.

Global Plug-in Hybrid Electric Vehicle Market Segmentation:

The global Plug-in Hybrid Electric Vehicle market is segmented on the basis of vehicle type, technology, and region.

The global Plug-in Hybrid Electric Vehicle Market is segmented on the basis of Vehicle Type: passenger car and light commercial vehicle. In 2015, the passenger car segment is estimated to be the largest segment in the PHEV market and it is projected to remain the largest segment during forecast period.

The PHEV market is also segmented on the basis of Technology: series, parallel, and series-parallel. The global Plug-in Hybrid Electric Vehicle market is segmented on the basis of region as: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific exc. Japan (APEJ), Japan, and Middle East & Africa (MEA).

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Global Plug-in Hybrid Electric Vehicle Market: Regional Outlook:

Geographically, the global Plug-in Hybrid Electric Vehicle market can be divided  by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. The market for plug-in hybrid electric vehicle is prominent in North America and European countries, though in Asia Pacific region China and Japan are the major market for plug-in hybrid electric vehicles.

In coming years, it is anticipated that the potential market for plug-in hybrid electric vehicle will be India, Brazil, South Africa, Russia, and Mexico. By region, North America is expected to hold highest market share followed by Europe in the global Plug-in Hybrid Electric Vehicle market. However, global growth opportunities mainly lies in the emerging markets where Plug-in Hybrid Electric Vehicle is currently in a nascent phase.

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Global Plug-in Hybrid Electric Vehicle Market Players:

The major players identified for the global Plug-in Hybrid Electric Vehicle market include Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., and Hyundai Motor Company among others. The companies are emphasizing on research & development and new product development in order to cater the growing demand for plug-in hybrid electric vehicles. Many automotive OEMs are launching their new plug-in hybrid electric vehicles in the market.

For example, BMW launched its new plug-in hybrid electric vehicle BMW X5 in 2016. Other plug-in hybrid electric vehicles available in the market are Toyota Prius, Cadillac ELR, Chevrolet Volt, Porsche Panamera, Porsche 918 Spyder, Ford C-Max, Ford Fusion, Mercedes-Benz S-Class, BMW i8, Opel Ampera, Volkswagen Golf, and others

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APAC Airbag Market Revenue is expected to Surpass US$ 15,530.1 Mn by year 2032

According to FMI, the APAC Airbag market is estimated to be valued at US$ 8,510.0 Mn in 2022 and is projected to increase at a CAGR of 6.2% in the forecast period from 2022 to 2032.

Airbags are driver safety devices deployed in vehicles to provide cushioning and protection to passengers in the event of crashes/accidents. The bag is made of thin nylon fabric, and is folded into the dashboard, steering wheel, seat, roof or door. The crash sensor sends a message to inflate the bag in case of collision, while the inflation system helps in immediate inflation of air bag inside the passenger cabin.

The global market for airbags is expected to grow by a double-digit CAGR in the next six years. North America is leads the market followed by Europe and Asia Pacific. Due to advancements in technology, U.S is one of the largest markets for air bags. European countries are on the verge of economic recovery and are expected to show decent market growth in coming years.

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Key drivers for the global airbag industry are government regulations, increasing concern for passenger safety, development of roll over and side impact systems, increased sophistication of safety systems, and increasing adoption of safety systems across all the segments of passenger vehicles.

The Asia Pacific region is expected to witness high growth in the near future due to increasing domestic demand for automobiles. Growing concerns over safety and increasing incorporation of safety systems, particularly airbags, in the compact car segment are driving growth in the market.

Additionally, some of the key programs that rate vehicles based on their safety performance, such as the new car assessment program (NCAP) are also fuelling the growth of the airbag market in Asia Pacific. Affordability and technological advancement are other factors boosting the sales of airbags in Asia Pacific.

Airbags comprise of three crucial elements, i.e. bags, crash sensors and inflation systems. On the basis of location of airbags within the vehicle, the airbags market is segmented into frontal airbag, side airbag, centre airbag, knee airbag, and rear curtain airbag. The largest market share is occupied by the centre airbag followed by the side airbag.

Technology development, increasing consumer acceptance and lower prices are pushing airbag utilisation to almost 100% in Japan. China is the largest producer of airbags in mass quantities owing to high automotive production. Regional players often license technology or partner with large airbag suppliers in order to enhance their presence in the market. The major trends identified in the market include use of new fabric technology and decrease in cushion weight.

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Automotive airbag companies such as Denso Corporation, Takata Corporation, and Toyoda Gosei Co. Ltd. are the major players in the Asia Pacific region. Other big players in the Asia Pacific airbag market include Autoliv, Inc., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Hyundai Mobis Co. Ltd, and Key Safety Systems, Inc.

This market is highly competitive in nature and competition between the airbag module manufacturing firms is increasing. The companies are also trying to gain an advantage in terms of cost through product development that is focused on reducing the cost by reducing material content, facilitating the ease of manufacture, and logistics management.

The interesting fact is that the use of air bag technology in two-wheelers can prove to be a challenge and yet, growth opportunity for market leaders. In a cost-sensitive market like APAC, automotive original equipment manufacturers (OEM) are expected to come up with economical airbags to capture the untapped market in APAC.

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Key Segments Profiled In The APAC Airbag Market Report

By Vehicle Type, Airbag Market is segmented as:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type, Airbag Market is segmented as:

  • Driver Airbag
  • Passenger Airbag
  • Side Airbag
  • Curtain Airbag
  • Knee Airbag
  • Other Airbags

By Coating Type, Airbag Market is segmented as:

  • Neoprene
  • Silicone
  • Non-Coated

By Yarn Type, Airbag Market is segmented as:

  • Nylon
  • Polyester

By Sales Channel, Airbag Market is segmented as:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region, Airbag Market is segmented as:

  • Asia Pacific
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Medium Voltage Drives Market is Projected to Grow at a Moderate CAGR of 3.8% During Forecast Period 2032 | FMI

In 2021, the medium voltage drives market was valued at more than USD 1.5 billion, and it is expected to grow at a CAGR of around 3.8% between 2022 and 2032.

Growing customer interest in incorporating renewables, combined with stringent standards and norms focusing on the deployment of energy-efficient systems, will drive medium voltage drives demand.

Furthermore, rapid urbanization and industrialization in emerging economies and increased investments in reliable and smart infrastructure will push medium voltage drives the market growth.

The 3 MW – 7 MW medium voltage drives market, is expected to gain significant traction as they are used to control the speed and torque of motors in a variety of applications. The use of medium voltage drives is rapidly increasing due to their low cost, small size, and ease of integration as standalone systems in various industries.

Key factors positively influencing medium voltage drives market growth include capital and operation cost savings, significant energy savings, control accuracy, and improved operational flexibility.

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The medium voltage drives market is seeing an increased emphasis on lowering energy bills and energy-saving potential. Furthermore, installing these units allows pumps, fans, compressors, conveyors, and extruders to operate optimally and at a reduced capacity.

Growing demand for air compressors in the petrochemical industry for production processes is expected to fuel medium voltage drives market growth. As power consumption varies with load size, installing MV drives that produce significant energy-saving effects can save a significant amount of energy.

Due to their increasing installation across industrial verticals, medium voltage drives will see significant growth. In addition, these units are intended to provide improved control options and interfaces for various electronic motor drives.

Furthermore, these devices provide optimized machine throughput across a wide range of applications and motors, including dynamic linear motors, standard AC induction motors, energy-saving hybrid motors, and high-performance servo motors, which will accelerate medium voltage drives deployment.

Key Takeaways:

  • The medium voltage drives market’s DC variable frequency drive segment is expected to grow due to its widespread application in the chemical and cement industries.
  • The power range segment in the medium voltage drives market is expected to grow steadily over the assessment period, owing to advancements in high-power motor designs that necessitate efficient drives to operate smoothly at higher outputs.
  • The DC sub-segment in the medium voltage drives market had a revenue share of about 3% in 2021 and is expected to grow steadily throughout the analysis period.
  • The oil and gas sub-segment in the medium voltage drives market is expected to reach a significant valuation by the end of 2032 due to increased investments to boost the development of upstream, midstream, and downstream hydrocarbon activities.
  • The three major market territories, Asia Pacific, North America, and Europe, are expected to reach USD 1.5 billion by 2028. Growing investment in energy-efficient infrastructure fueled by rapid development in key regions will supplement the demand for MV drive units.
  • The demand for high-tech MVDs in various industrial applications such as lifting, oil and gas exploration, mining, and construction will drive medium voltage drives market adoption.
  • Germany’s medium voltage drives market is expected to undergo a dramatic turnaround due to rising energy consumption, which is a major factor driving the medium voltage drives market landscape across the country.

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Competitive Landscape

GE, Siemens, Danfoss, Nidec Corporation, ABB, Schneider Electric, Eaton, Yaskawa Electric Corporation, Fuji Electric Co., Ltd., Johnson Controls, Rockwell Automation, Inc., WEG, Hitachi Ltd., and CG Power and Industrial Solutions Limited are among the medium voltage drives market key players.

Major players in the medium voltage drives market around the world are focusing on M&As and strategic collaborations to gain a competitive advantage over their competitors. In addition, manufacturers are also focusing on lowering product costs and achieving forward, and backward integration across the industry ecosystem, helping to shape the medium voltage drives market landscape.

Recent Developments:

  • Rockwell Automation, Inc., a U.S.-based industrial automation company, will launch its novel servo drive, the Allen-Bradley Kinetix 5300 servo drive, in November 2020. The Allen-Bradley Kinetix 5300 servo drive is intended for small and medium-sized machines in industries such as packaging, electronics assembly, converting, printing, and web (CPW).
  • Danfoss introduced the new VACON 1000 medium-voltage drive on September 23, 2021, as a compact solution to its portfolio of modular, versatile medium voltage drives.
  • ABB expanded its all-compatible drive offerings on April 16, 2019, to include the ACS6080 medium voltage (MV) drive for critical applications. The new drive introduced a new control technology that enables high-performance motor control in demanding processes used in mining, metals, and marine industries.

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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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Calprotectin Testing Market exhibiting growth at a CAGR of 6.2%, surpassing US$ 348.2 by the end of 2032

Calprotectin Testing Market to Surpass US$ 348.2 Mn on the back of Increasing Prevalence of Colorectal Cancer

As per Future Market Insights’, the global calprotectin testing market was valued at around US$ 190.6 Mn in 2022, exhibiting growth at a CAGR of 6.2% over the forecast period (2022-2032).

Calprotectin is a fecal test, which is used to determine the inflammation in the intestines. The demand for calprotectin testing is increasing due to growing incidence of irritable bowel syndrome and cancer worldwide.

For instance, according to World Health Organization (WHO), approximately 1.93 million cases new cases of colon and rectum cancer were registered in 2020 in the world.

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In addition, focus on home testing is also boosting the market because home-based tests have various benefits such as ease of use and diagnosis. These tests can be easily conducted between patient visits if the condition is deteriorating and if more frequent testing is required.

This helps in planning a proper therapeutic plan that can be established by clinicians. Hence, several products from manufacturers are emerging to provide test kits for home testing.

Furthermore, the development of smart and advanced testing options in the market is also driving the market forward. For instance, IBSibs-smart is a testing kit that can be used in the detection of IBS biomarkers, anti-CdtB and anti-vinculin. It provides information related to IBS patients with diarrheal symptoms and can diagnose diarrhea-dominant or mixed-type IBS.

Key players are involved in expanding their presence in the market through promotion, distribution and customer services related to their products for the betterment of the brand and products. Thus, boosting the demand for the product during the forecast period.

For instance, in January 2021, Actim Oy granted Ferring Pharmaceutical the rights to exclusively distribute Actim® PROM and Actim® Partus in the Mainland of China and to be responsible for the promotion, distribution and customer service.

Key Takeaways from Market Study

  • By testing kits, calprotectin ELISA test kits are expected to hold over 0% market value share by the end of 2032 and are expected to display a CAGR growth of 6.2% over the forecast period.
  • By sample, the stool is leading with over 0% of the market share in 2021 and is expected to hold a market value share of around 88.7% by 2032.
  • By indication, irritable bowel syndrome will showcase growth at a CAGR of 1% over the forecast period.
  • Based on end-user, hospitals held the highest segment share in terms of the market share value of 4% in 2021.
  • North America is considered to be the leading region with a value share of 4% at the end of the forecast period.

 “With increasing advancement in rapid test kits and point of care testing, the calprotectin testing market is expected to witness impressive growth over the forecast period,” says an analyst of Future Market Insights.

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Market Competition

Collaboration among the companies or brands is the key strategy of the leading manufacturers of the market such as Calpro AS & Ampersand Health, Immunodiagnostic Systems Holdings, and Thermo Fisher Scientific to enhance their presence in the market and compete with other competitors during the coming years.

For instance:

  • In October 2021, Calpro AS & Ampersand Health collaborated to support self-management and remote monitoring of Inflammatory Bowel Disease (IBD).
  • In September 2021, Immunodiagnostic Systems Holdings and EUROIMMUN collaborated to enhance their field of research and development, production as well as distribution.
  • In September 2021, Thermo Fisher Scientific and AstraZeneca collaborated on the development of the next-generation sequencing (NGS)-based companion diagnostics (CDx) which support AstraZeneca’s product portfolio.

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 2017 to 2032. The global calprotectin testing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on calprotectin testing market segment based on test kits – (calprotectin ELISA test kits and calprotectin rapid testing kits), by sample (stool, blood serum/plasma, and other biological samples) by indication- (irritable bowel syndrome (IBS), ulcerative colitis, Crohn’s disease, and colorectal cancer), by the end user (hospitals, diagnostic laboratories, and specialty clinics) across seven major regions.

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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