Market Research Blog – Page 9055 – New Product Development

Vitamin D Ingredients Market Share & Covid-19 Impact Analysis, 2022 – 2032

The Vitamin D Ingredients Market is valued at US$ 1.46 Billion in 2021. The market is likely to grow at a CAGR of 10% through 2026, reaching US$ 2.37 Bn by 2026.

The Vitamin D3 sector is predicted to have a greater weighted average volume than the Vitamin D2 components section and, the segment is likely to grow at a CAGR of 12.01% through 2026.

In terms of value, the Western Europe vitamin D ingredients market is predicted to grow at a 13.6% CAGR, followed by the Eastern Europe vitamin D ingredients market.

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Consumption of vitamin D beverages containing vitamin D ingredients such as fortified drinks, juices and water is on the rise, owing to this preference factor. Beverages are easy to consume as compared to food products and customers perceive beverages as easy to drink and digest. They can also be transported easily in bottles and consumed at any place.

As per the report, globally, the value and volume share contribution of the fish source segment to the overall market revenue is expected to witness significant growth as compared to other source segments. This growth can be attributed to the ease in the production of vitamin D ingredients from fish. Fish contain quite a large amount of vitamin D as compared to other natural sources, which makes them a competent raw material for the production of vitamin D ingredients. The growth of the fish source segment can also be attributed to the strong demand for vitamin D from North America and Europe and growing demand in APEJ countries.

Globally, the value and volume share contribution of the powder form segment to the overall market revenue is expected to witness significant growth as compared to other form segments. This growth can be attributed to the strong demand for vitamin D powder in North America, Europe and Japan and the growing demand in APEJ and MEA countries. In terms of market value, revenue from the powder segment is expected to expand at a CAGR of 12.42% between 2016 and 2026, whereas that from the liquid segment is expected to expand at a CAGR of 8.88% in terms of value over the forecast period.

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Key Segments Covered

By Product Type

Vitamin D3
Vitamin D2

By Source

Milk
Eggs
Fish
Animals
Plant, Fruits and Vegetables
Others (Microalgae, Fungi, Yeast, Plants etc.)

By Application

Pharmaceuticals
Food
Beverages
Cosmetics
Animal Feed and Pet Food
Others

By Form

Powder
Resin
Liquid

Key Regions/Countries Covered

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

Key Questions Answered in the Report

What is the size of Vitamin D Ingredients Market?

The Vitamin D Ingredients Market is valued at US$ 1.47 Billion in 2021 with an expected CAGR of 10.02% through 2026, reaching US$ 2.37 Bn.

Which are the leading companies in Vitamin D Ingredients Market?

Key players in the Vitamin D Ingredients Market include BASF SE, Dishman Netherland B.V., Barr Pharmaceuticals, LycoRed Limited, Zhejiang Garden Bio-Chemical High-tech Company Limited.

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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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Acerola Extract Market Share, Trend, Exponential Growth, Business Opportunity, Key Players Throughout 2026

Future Market Insights delivers key insights on the global acerola extract market in a new publication titled “Acerola Extract Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The global acerola extract market is projected to witness a robust 8.5% CAGR in terms of value during the forecasted period (2016-2026). The growth of the global acerola extract market is influenced by several drivers and trends, of which Future Market Insights provides useful insights in this report.

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Globally rising levels of diabetes, obesity, and cardiac issues have shifted consumer focus towards natural, fruit-based, and healthy products. This is well reflected in the recent emergence of ‘superfruits’, a term that refers to highly nutritious fruits. Acerola and its derivatives fit well into this context, given the fruits’ impressive nutrient profile. Apart from Vitamin C, acerola is rich in pectin, pectolytic enzymes, carotenoids, fibre, Vitamin B, proteins, and other salts. Additionally, acerola extract contains relatively low calories and exhibits a fat-free nature, which further enhances its nutritional profile. Acerola extract has found wide opportunities in the cosmetics industry due to its ability to provide several skin related benefits, much of which is centred on its high Vitamin C concentration. It acts as an antioxidant and prevents free radicals that can cause skin aging; brightens the skin tone; and increases the skin’s ability to retain moisture. These factors are expected to boost acerola extract demand and subsequently boost the global acerola extract market growth in terms of revenue over the forecast period.

Segmentation highlights

The global acerola extract market is segmented on the basis of Product Form (Powder, Liquid) and Application (Beverages, Food Supplements, Meat Preservation, Snacks, Bakery Preservation, Confectionery Products, Others).

The Powder segment is anticipated to be valued at US$ 5,057.5 Mn by 2016 end and is projected to expand at a CAGR of 8.6% during 2016 – 2026
The Food Supplements application segment is anticipated to be valued at US$ 2,102.1 Mn by 2016 end. The Food Supplements application segment is anticipated to witness a CAGR of 8.7% between 2016 and 2026. The Beverages application segment is projected to create absolute $ opportunity of US$ 126.2 Mn in 2016 over 2015

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Regional market projections

The global acerola extract market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The North America acerola extract market was valued at US$ 1,728 Mn in 2015, which is likely to increase at a CAGR of 8.1% during the assessed period to reach US$ 2,715.6 Mn by the end of 2021. Increasing use in pharmaceutical applications is driving the North America acerola extract market. The APEJ acerola extract market is expected to be valued at US$ 2,835.6 Mn by the end of 2026. Increasing supply chain and production facilities in APEJ are anticipated to drive revenue growth of the market.

Vendor insights

The global acerola extract market report features some of the leading companies operational in the worldwide market. Companies profiled in the report include Nature’s Power Nutraceuticals Corp., Niagro, Naturex, Nutrilite (Amway), Duas Rodas Industrial, Diana Naturals, Nichirei Corporation, iTi Tropicals, NutriBotanica, Vita Forte Inc., Florida Food, Inc., Optimally Organic, The Green Labs LLC, Blue Macaw Flora, and Amazonia Exportacao E Representacao. Top market companies are focussing on expanding their supply chain network globally and are producing and supplying products in partnership with local players to enhance their sales and distribution network.

Market segmentation

By Product Form:

Powder
Liquid

By Application:

Food Supplements
Beverages
Confectionery Products
Snacks
Meat Preservation
Bakery Preservation
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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Citric Acid Market Size, Trends, Industry Analysis Report, By Type, Region Segment Forecast 2022-2032

Citric acid market is rapidly gaining popularity with demand rising considerably from multiple industrial end users, especially with a growing focus on clean label trends in the food and beverage industry. According to a report by Future Market Insights (FMI), the niche applications in pharmaceuticals and animal feed products will bolster sales and create lucrative opportunities between 2021 and 2031. According to the study the market sales revenue is expected to rise at more than 4.5% CAGR through the end of the forecast period in 2031.

Investments into the development of modern production technologies are positively influencing the rise in advanced offerings, while also cutting down costs. Emerging economies in particular including India and China will prove to be lucrative markets owing to easy access and low costs of raw materials.

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Players in the citric acid market are expected to face challenges in terms of fluctuating costs, and changes in yield from natural sources which could impact profitability in the industry. However, the wide range of end use applications will play a key role in sustained growth for the market for the foreseeable future.

Key Takeaways from the Citric Acid Market Study

Powder forms of citric acid will hold the lead accounting for more than 60% of the global market in 2021.
Food & beverage applications of citric acid continue to dominate the market landscape, with impetus from use as additives and ingredients in dietary supplements.
United States the U.S. will emerge as a major market for citric acid, driven by demand from the food processing and pharmaceutical sector in the country.
Germany will showcase lucrative opportunities driven by increased levels of consumer awareness in digestive health.
China is projected to reflect relatively higher levels of growth owing to higher levels of lifestyle-based ailments, especially amidst the vast geriatric Chinese demographic.

“The global citric acid market will witness substantial growth, with rising demand as a key intergradient in food & beverages, pharmaceuticals, personal care products and more. Furthermore, the increasing demand for organic food additives which is caused by the higher degree of consumer health awareness will prove to be a very important factor positively influencing market growth throughout the assessment period,” says the FMI analyst.

Application of Citric Acid in Pharmaceuticals Creating Growth Opportunities

Growing interest in natural ingredients in pharmaceutical offerings, has increased the demand for citric acid. The material is considered to be an effective and financially viable excipient, with minimal risk of side effects in the human body. Leading players are exploring niche opportunities by widening their portfolio in the pharma sector.

The powder form of pharmaceutical grade citric acid will primarily find use in medicine production. Also, consumers are increasingly likely to spend on pharmaceutical products with clean label certifications. Better health outcomes are expected to result in higher levels of citric acid being incorporated in terms of pharmaceutical safety standard parameters. This is a key factor positively influencing the use of citric acid products.

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Who is Winning?

Leading companies operating in the citric acid market are increasingly focused on investing into research and development to widen the scope of applications for citric acid products. In addition, manufacturers are also pushing towards strategic divestment and acquisition of assets to optimize profitability as per demand, with a growing interest in emerging economies.

Some of the leading players in the citric acid market include but are not limited to Shandong Juxian Hongde Citric Acid Co. Ltd., Archer Daniels Midland Company, Basel, Jungbunzlauer Suisse AG, Cargill Incorporated, Delek Group, Tate & Lyle plc., Weifang Ensign Industry Co., Ltd., RZBC GROUP, COFCO Biochemical (AnHui) Co. Ltd., and Pfizer Inc.

Get Valuable Insights on the Citric Acid Market

Future Market Insights, in its new offering, provides an unbiased analysis of the citric acid market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the citric acid market based on application (acidulant, cleaning agent, binding agent, preservative, and others), by form (Powder and Liquid), By grade (food grade, industrial grade, and pharmaceutical grade), and by end use (food & beverages, pharmaceutical, animal feed, personal care, metal finishing & cleaning, and others) across seven major regions.

Citric Acid Market Key Segments

Application

Acidulant
Cleaning agent
Binding Agent
Preservative
Others

Form

Liquid
Powder
- Anhydrous
- Monohydrous

Grade

Food Grade
Industrial Grade
Pharmaceutical Grade

End Use

Food & Beverages
- Bakery & Confectionary
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
Pharmaceutical
Animal feed
Personal care
Metal finishing & cleaning
Others

Region

North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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Maltodextrin Market Trends, Share, Size, Growth, Opportunity and Forecast 2031

Future Market Insights (FMI), Dubai: As per the latest research by FMI, the global maltodextrin market will reach US$ 3.61 Bn in 2021. Surging application of maltodextrin across cosmetics & personal care, pharmaceuticals, and daily & fine chemicals is propelling the demand in the market. Driven by this, the market is expected to total US$ 5.87 Bn by 2031, expanding at a CAGR of 5% during the forecast period 2021-2031.

Maltodextrin is gaining traction in the food & beverages industry. It is extensively being used as thickener, stabilizer, and filling agent for manufacturing various products such as soft and instant drinks, ice cream, and gelatins owing to its excellent texturizing, emulsifying, and non-crystallizing properties. Hence, increasing demand for the aforementioned products is estimated to create lucrative sales opportunities in the market.

A number of players in the market are focusing on expanding their production capacity to capitalize on these opportunities. For instance, Cargil, Inc., announced investing US$ 40 Mn to expand its production facility in Davangere, Karnataka in 2018. This will assist the company to increase its production of maltodextrin, glucose, and starches from 800 TPD to 1200 TPD. A multiplicity of such developments is anticipated to drive the demand by 4.8% year-on-year growth in 2021.

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Among source verticals, the corn-based segment is projected to outpace the others, expanding at 4.3% CAGR over the assessment period. The primary factor driving the market is increasing demand for low-cost food additives to improve the flavor, texture, shelf life of foods.

“Increasing demand for powdered sugar substitutes and approval on using maltodextrin in baby food products and sports nutrition by Delegated Regulation No. 2016/127 in European Union are expected to accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Maltodextrin Market Study

The market in the U.S. is anticipated to account for the dominant share in North America, surging at a CAGR of 4.3% during the assessment period.
Sales in the Europe market are forecast to expand at 3.8% CAGR through 2031, owing to the increasing demand for sports beverage products in Germany, France, and the U.K.
China is expected to emerge as a highly remunerative market, creating incremental opportunities of US$ 413.6 Mn by the end of 2021.
India is projected to hold a significant share in the Asia Pacific market, accounting for nearly 23.6% of the sales in the region in 2021.
In terms of form, the spray dried powder segment is estimated to lead the market, accounting for around 63% of the demand share between 2021 and 2031.

Key Drivers

Increasing use of maltodextrin as diluents in sachets and single-unit dose formulations across the pharmaceuticals sector owing to its intrinsic polymeric structure is increasing the sales in the pharmaceuticals industry.
Rising application of corn-based maltodextrin in the production of baby food products as it helps in balancing intestinal osmolality and maximizing hydration in infants is propelling the demand across the corn-based segment.

Key Restraints

Side effects associated with the consumption of maltodextrins such as weight gain, bloating, allergic reaction, rashes, gas, cramping, and others are hampering the demand in the market.
Availability of large number of substitutes such as agar, gaur, gum, stevia, pectin, and others is hindering the sales of maltodextrin.

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Competitive Landscape

As per FMI, the top 10 companies in the global maltodextrin market account for around 30% to 50% of the market share in 2021.

Leading players are focusing on introducing novel products to gain competitive edge. Apart from this, some of the manufacturers are engaging into strategic collaboration, merger, agreement, partnership, and acquisition to expand their production capacity and strengthen their market footprints. For instance,

In 2021 Cargill, an American privately held global food corporation, announced extending its current product portfolio by launching a new rice flour-based maltodextrin substitute, SimPure. It improve mouthfeel and can be used as a one-to-one substitute for maltodextrin.
In 2018, Archer Daniels Midland Company (ADM), an American multinational food processing announced entering into a partnership with manufacturer of fermentation-based food additive, Vedan International to offer a line of specialty tapioca maltodextrin and tapioca starches components. This partnership will assist both the companies to strengthen their footprint in the maltodextrin market.

Some of the key players operating in the market profiled by FMI are:

Grain Processing Corp
Roquette
Cargill Inc.
Matsutani
Archer Daniels Midland Company (ADM),
Ingredion
Tate and Lyle
Agrana Group
Avebe
Nowamyl
Others

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More Valuable Insights on Maltodextrin Market

A new report published by FMI offers a detailed analysis of the global maltodextrin market, uncovering vital dynamics accelerating the market growth through 2021 and beyond. The survey also forecast sales projections for maltodextrin market with detailed segmentation:

By Source:

Corn-Based
Wheat-Based
Potato-Based
Cassava-Based
Others (Rice, Banana)

By Form:

Spray-Dried Powder
“Instantized” / Agglomerated**

By Application:

Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Daily and Fine Chemicals
Others

Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Key Questions Covered in the Report

The report offers insight into maltodextrin market demand outlook for the forecast period 2021-2031
The market study also highlights projected sales growth for maltodextrin market between 2021 and 2031
Maltodextrin market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Maltodextrin market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Medical X-Ray Detectors Market Trends: Development is Changing Business Needs

The global Medical X-Ray Detectors Market, which surpassed a billion-dollar revenue in 2019, is expected to grow at a promising CAGR between 2019 and 2029.

The medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year, owing to a variety of factors such as a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through medical device market consolidation and mergers.

The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.

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According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.

The increase in the number of patients undergoing CT and radiography tests around the world, as well as the number of tests performed each year, has resulted in a significant demand for digital radiography detectors such as a-Si detectors.

These factors have increased demand for a-Si X-ray flat panel detectors, thereby driving the medical X-ray detectors market forward.

Key Takeaways – Medical X-ray Detectors Market Study

Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.

Cloud-based medical imaging and growing shift from analog to digital X-ray detectors are key growth opportunities for the medical X-ray detectors market.

The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.

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According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.

Rise in number of patients undergoing CT and radiography tests globally and increase in number of tests performed each year have led to significant demand for digital radiography detectors such as a-Si detectors.

These factors have boosted the demand for a-Si X-ray flat panel detectors, directly fueling growth of the medical X-ray detectors market.

Key Takeaways – Medical X-ray Detectors Market Study

Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.

Strategic Acquisitions Remains Favored Competition Strategy

Leading players in the medical X-ray detectors market, including GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansion through partnerships, mergers, sales agreements, and acquisitions with local manufacturers in emerging economies.

These mergers and acquisitions are intended to reduce product development costs, streamline distribution channels, and strengthen market position.

Canon Inc. purchased Toshiba Corp.’s medical division in December 2016.

Canon Inc. entered the diagnostic imaging device market with the acquisition, leveraging Toshiba Medicals’ core diagnostic imaging strength.

Canon’s biomedical business would benefit from this acquisition.

Furthermore, key players are focusing on R&D and the launch of new products based on exclusive developmental technologies, with an emphasis on product differentiation.

In November 2017, at the Radiological Society of North America (RSNA) tradeshow. Carestream Health showcased a mobile X-ray system with carbon nanotube.

The system entered the medical X-ray detectors market in May 2018 and is compatible with every DRX a-Si detector device providers by Carestream Health.

Know More About FMI’s Report on Medical X-ray Detectors Market

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 segments from 2014 to 2029.

The global medical X-ray detectors 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 medical X-ray detectors market on basis of product, panel size, modality, and end user.

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MEDICAL X-RAY DETECTORS MARKET TAXONOMY

The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

Indirect Flat-Panel Detectors
Direct Flat-Panel Detectors
Computed Radiography (CR) Detectors

Panel Size

Large-Area Flat-Panel Detectors
Small-Area Flat-Panel Detectors

Modality

Portable Detectors
Fixed Detectors

Module

Digital X-ray Systems
Retrofit X-ray Systems

End User

Hospitals
Diagnostic Centers

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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Pedicle Screw Systems Market: Innovative and Technological Advancement

Future Market Insights has released a new market research report on the pedicle screw systems market, which includes global industry analysis from 2014 to 2021 and opportunity assessment from 2022 to 2029. The report provide Pedicle Screw Systems Market Insights for the 2022-2029 forecast period. According to the report’s findings, the global Pedicle Screw Systems Market is expected to grow significantly over the forecast period, owing to a number of driving factors such as an increasing geriatric population with degenerative diseases across geographies.

The global pedicle screw systems market was valued at US$ 4.46 billion in 2021 and is expected to grow at a CAGR of 4.6% between 2022 and 2029. This growth is primarily driven by the increasing use of pedicle screw systems for the management of degenerative lumbar spine diseases in the elderly population, the development of minimally invasive techniques to replace traditional open spine surgeries, the increased demand for short-segment surgical treatments, and the rising prevalence of delirium in the perioperative period in the elderly population, among other factors.

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As robotic and minimally invasive surgeries gain prominence in today’s operating rooms, manufacturers of pedicle screw systems are placing their focus on novel technologies to maintain innovation supremacy. According to FMI’s analysis, market players are also targeted towards newer materials with improved biomechanical performance.

Data Points	Market Insights
Market Value 2021	USD 4.46 Bn
Market Value 2022	USD 4.71 Bn
Market Value 2029	USD 6.46 Bn
CAGR 2022-2029	4.6%
Share of Top 5 Countries	73.7%
Key Players	The key players in Pedicle Screw System Market are Medtronic plc, Aesculap Implant Systems LLC, Alphatec Holdings Inc., DePuy Synthes Inc., Evolution Spine LLC, Exactech Inc., Globus Medical Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Orthofix Inc., Qualgenix LLC, RTI Surgical Inc., Solco Biomedical Co Ltd., Stryker Corp, Synthes Inc.

East Asia’s Market Attractiveness Rising

North America and Europe are expected to hold relatively large value shares of the global pedicle screw systems market. However, the East Asian market is expected to grow rapidly in the global pedicle screw market between 2019 and 2029. This expansion in the region is being driven by rapid healthcare investment and favourable government policies in China, which have encouraged many start-up companies, including medical device companies engaged in pedicle screw production, to establish manufacturing facilities.

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Besides, presence of technologically advanced country such as Japan will also boost the growth of the pedicle screw system market in the region. Japan has reaped the benefits of first-mover advantage by capitalising on its technological superiority, which is complemented by technological sophistication in the country’s elderly care. As a result, new robotic systems are being implanted to guide the implementation of pedicle screw systems in elderly patients, solidifying Japan’s position in the global market.

Given the growing demand for pedicle screw systems in East Asia, many local and international manufacturers are concentrating on the development of low-cost pedicle screw systems for spinal navigation. There is also a growing trend in China to use titanium alloys to manufacture pedicle screw systems or spinal implants. Titanium is used to make pedicle screw systems such as screws, rods, cages, and plates instead of steel because it has higher tensile strength, greater durability, and is lighter. With rising demand for titanium-based spinal implants in the region, key players and local manufacturers are increasing their investments in the region.

Hospitals to Remain Key End User of Pedicle Screw Systems

The global market of pedicle screw systems has been segmented on the basis of different material, multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

By material, titanium alloy is expected to witness significant adoption in the global pedicle screw systems market. Increasing demand for titanium alloy can be attributed to its physical endurance properties that make it as one of the safest and more reliable materials for spine surgical implants.
Rise in the use of pedicle screw systems for treating fractures is likely to result in increased market share during the forecast period. Growing number of road accidents, trauma, orthopedic, degenerative disc disease, fracture, dislocation and spinal tumor offers substantial market potential for pedicle screw system. Further, introducing advanced pedicle screw system based on instrumentation design for smooth implantation, and increasing their applications in numerous surgical spine facture procedures will help in leveraging untapped market opportunities.

Pedicle Screw Systems Market: Manufacturer Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global pedicle screw market. Some of the examples of key players in the global pedicle screw systems market are Medtronic plc, DePuy Synthes Inc, Zimmer Biomet Inc, Stryker Corp, Orthofix Inc and NuVasive Inc., among others.

The global pedicle screw systems market is significantly consolidated with some players holding prominent shares of the market. These players are offering pedicle screw systems under their popular brands such as CD Horizon® Spinal System, EVEREST Minimally Invasive and EXPEDIUM® System, among others.

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Pedicle Screw System Market by CategoryBy Product:

Cervical Pedicle Screw Systems
Thoraco-Lumbar Pedicle Screw Systems

By Material:

Stainless Steel
Titanium Alloys
Unalloyed Titanium

By Application:

Spondylolisthesis
Fracture
Scoliosis
Spinal tumor
Failed fusion
Others

By Level of Surgery:

One-level Pedicle Screw Systems
Two-level Pedicle Screw Systems
Three-level Pedicle Screw Systems
Four-level and higher Pedicle Screw Systems

By End-User:

Hospitals
Ambulatory Surgery Centers
Specialized Clinics

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MRI Pulse Oximeters Market | Cost Structure Analysis and Forecast to 2028 – By FMI

In 2018, global sales of MRI Pulse Oximeters were valued at US$ 29 million, with a 2% year-on-year increase expected in 2019. According to the findings of a new study by Future Market Insights (FMI), the use of MRI pulse oximeters has been sustained by constant technological advancements in medical devices aimed at improved efficiency and convenience.

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Manufacturers, on the other hand, are finding it difficult to innovate because the applicability of highly advanced pulse oximeters extends beyond MRI environments.

Recent advancements in medical devices enable the generation of real-time data, the tracking of previous health records, the identification of potential issues, and the development of effective treatment plans. According to FMI’s research, market participants in the MRI pulse oximeters market are leveraging new sensor technologies, such as fibre optic SpO2 sensors, to avoid conductive pathways and improve device safety. With the approval of 7T MRI scanners, MRI pulse oximeters will become a breeding ground for new developments and innovations.

A significant increase in the prevalence of chronic diseases has resulted in an increase in the sales of high-end diagnostic machines, such as MRI and CT scanners, which in turn fuels demand for MRI pulse oximeters. MRI-compatible pulse oximeters, which use non-magnetic components, have made strides in the early detection of critical congenital heart defects (CCHD) by accurately measuring a newborn’s blood oxygen level.

According to the FMI study, the MRI pulse oximeters market will grow at a CAGR of 2.4% during the forecast period. High costs associated with MRI procedures have been creating a wave of reluctance among healthcare professionals and patients to adopt MRI pulse oximetry testing.

However, the growing popularity of medical tourism and favourable health insurance policies in both developed and developing countries are likely to attract patients to expensive but effective MRI scan therapy, driving sales of MRI pulse oximeters.

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Wireless MRI Pulse Oximeters Capture Significant Shares

In line with the rapid development of cutting-edge medical devices and technologies, market players are ramping up production of wireless MRI pulse oximeters that do not require connection to MRI machines. Wireless MRI pulse oximeters, which use infrared (IR) or Bluetooth technology, have also seen more innovation and investment than wired variants. Because 6 in 10 MRI pulse oximeters sold in 2018 were wireless, manufacturers are concentrating their efforts in this area. Furthermore, because they can be coupled with a wide range of monitors, MRI pulse oximeters without monitors continue to account for a larger revenue share than their counterparts.

According to the study, while the increasing adoption of MRI pulse oximeters in hospitals continues to influence business growth strategies, manufacturers are focusing on diagnostic laboratories and ambulatory surgical centres to expand their customer base. The increased number of patient visits to well-equipped laboratories for complete disease diagnosis has also resulted in a realignment of these strategies.

According to the FMI study, the MRI pulse oximeters market in North America has promising growth prospects. Heavy investments in R&D on medical devices and technologies, combined with a favourable reimbursement scenario in the region, are likely to provide lucrative opportunities for market participants. Furthermore, manufacturers are looking at Asia Pacific from a target market standpoint, with increasing healthcare expenditure and growing awareness of new medical devices in the region.

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The new business intelligence also offers key insights on the competitive scenario in the MRI pulse oximeters market. As per the study, the market shows a high level of consolidation, with top two players including Nonin and Koninklijke Philips N.V. collectively accounting for ~41% revenue share. Filling gaps in their portfolio to master the diagnosis of chronic diseases, rather than focusing solely on one specific product category will be key focus area for the stakeholders.

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Medical Physics Market Segment Overview, Regional Analysis and Forecast 2022-2028

The global Medical Physics Market Revenue is expected to be worth US$ 4.74 billion in 2022, with a CAGR of 6.2% from 2022 to 2028. By the end of 2028, market revenue is expected to reach US$ 6.81 billion.

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The global revenue of the medical physics market is expected to grow at a healthy 6.2% CAGR between 2022 and 2028, owing primarily to the expansion of the medical tourism sector and the expanding scope of diagnostics. Growing acceptance of nuclear medicine has also been cited as an important factor contributing to the positive growth outlook for the medical physics market.

However, the report emphasises that a lack of skilled workers and a relatively poor healthcare infrastructure for medical physicist training in developing regional markets will continue to limit medical physics penetration in the long run.

The ‘Outsourcing’ Trend Is Creating Firm Base for Merger & Acquisition Strategies

With hospital consolidation, there is an increasing need for larger firms in the medical physics market to handle outsourced services in order to contract with fewer service providers. The medical physics market is characterised by the presence of small independent firms, with only a few large-scale operators. According to the report, this provides opportunities for private equity firms to enter the middle-market platform and scale up their medium-scale operations to large-scale operations by acquiring smaller firms.

Other factors driving mergers and acquisitions in the medical physics market include tightening regulations and an increasing number of owners looking to exit the business. Increasingly stringent regulations have necessitated the inspection of an increasing number of machines and associated components. Several healthcare systems are facing increased risks as a result of increasingly stringent regulations. This provides opportunities for medical physics companies to ensure compliance while lowering operational costs through outsourcing. Furthermore, the majority of medical physics firms are owned and operated by baby boomers who are about to retire from the medical physics industry. The majority of medical physics service providers who are retiring believe that selling their business is the best option.

Some of the other trends in the medical physics market include increased outsourcing by healthcare providers, increasing number of independent diagnostic imaging centres, and advancements & adoption of technology across the world.

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Segmental Insights: Medical Physics Market

Diagnostic modality will continue to account for more than 65% of total medical physics market value, owing to increased adoption of diagnostic procedures such as PET, SPECT, CT, and MRI.
In terms of services, accreditation assistance is expected to maintain its lead, followed by safety surveys. According to the report, physics testing and regulatory and auditing services will be highly profitable.
Diagnostic imaging centres, after hospitals, are expected to have a significant adoption rate in the medical physics market through 2027.

The North American and European medical physics market will reportedly account for a majority of market value, according to FMI’s analysis on medical physics market. The report has attributed this dominance to rapid consolidation of healthcare facilities in these regions.

Some of the key players in the medical physics market include Krueger-Gilbert Health Physics, Inc., LANDAUER, Medical Physics Services, Medical Physics Services Consultants, Inc., Alyzen Medical Physics Services, Radiation Safety & Control Services, Inc., Upstate Medical Physics Services, Dade Moeller & Associates, Versant Medical Physics Services & Radiation Safety, Alliance Medical Physics Services LLC, West Physics Consulting, LLC, Associates in Medical Physics Services, Radiation Services, Inc., Jaeger Corporation, and Petrone Associates, LLC.

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Key Developments:

Signant Health increased electronic informed consent services and capabilities with a new edition of SmartSignals eConsent in April 2021. SmartSignals eConsent solutions are available in three levels of functionality to meet the research needs of teams: silver, gold, and platinum. This method has increased revenue from the sale of the company’s existing product offering.
Parexel International Corporation joined forces with Signify Health in January 2021 to provide innovative technologies to improve clinical trial access and inclusion. This collaboration increased patient access to clinical trials by bringing studies to their homes. It also identified key social determinants of health (SDoH) in order to connect patients, caregivers, and resources.

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Skin Perfusion Pressure Testing Devices Market Trends: Development is Changing Business Needs

Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, offers insights into key factors driving demand for Skin Perfusion Pressure Testing Devices in a new study. The report skin perfusion pressure testing devices market analyses the impact COVID-19 has had on the medical device industry in general, and skin perfusion pressure testing devices in particular.

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Because of the rising prevalence of peripheral artery disease and chronic limb ischemia, advancements in skin perfusion pressure testing devices have become necessary. Chronic limb ischemia is the most severe form of peripheral artery disease, with high mortality, morbidity, and use of healthcare resources. In limb ischemia, the skin perfusion pressure method for measuring blood flow pressure in the limbs is required for assessing wound healing.

How Can Historic and Future Outlook for Skin Perfusion Pressure Testing Devices Market Be Compared?

The condition known as peripheral artery disease (PAD) affects over 200 million people worldwide. It has a significant impact on the mortality of hemodialysis patients. PAD affects approximately 6.5 million people in the United States who are over the age of 40. The rising prevalence of PAD has fueled the skin perfusion pressure testing market’s expansion.

How is Shift to Non-invasive Procedures Affecting Skin Perfusion Pressure Testing Devices Sales?

In comparison to surgeries, non-invasive procedures have grown in popularity. A laser doppler is a non-invasive method of measuring skin perfusion pressure that is widely used by professionals. Skin perfusion pressure testing has become one of the most reliable methods due to its high reproducibility, accuracy, specificity, and sensitivity.

Non-invasive VMS-VASC system (Moor) Instruments, for example, have been specifically designed to aid micro vascular assessments in a variety of clinical applications and physiological research, including the laser Doppler monitor moorVMS-LDF, low profile fibre optic probe (VP-SPP), and pressure cuff controller moorVMS-PRES.

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Why Innovation is Key to Success in German Medical Device Market?

According to the Federal Statistical Office, healthcare spending in Germany increased by 4% in 2018 over 2017. In 2018, healthcare spending in the country accounted for 11.7% of GDP. Furthermore, health-care spending is expected to rise to 407.4 billion Euros by 2019, creating a fertile ground for the expansion of skin perfusion pressure testing devices.

The presence of companies such as ELCAT GmbH also contributes to the expansion in Germany. The company has made significant investments in its expansion efforts. These companies’ growth strategies are expected to aid in Germany’s expansion.

Since 2009, health insurance has been made mandatory for all citizens of the country. According to National Center for Biotechnology Information (NCBI), a total of 70 million people, which roughly covers 85% of the population are covered by statutory health insurance. Another 11% population of Germany is covered by substitutive private health insurance. Conducive reimbursement policies and regulatory scenario are presenting attractive opportunities for growth.

How is Rising Disposable Income in China Affecting Growth?

Increasing disposable income can have a significant impact on the development of emerging economies, resulting in the affordability of proper healthcare treatment. In 2020, China’s per capita disposable income will be (approximately 4,961 US dollars), more than doubling the level in 2010.

The possibility of high healthcare insurance and rising disposable income will contribute to an increase in healthcare service affordability. This will also improve access to expensive medical equipment for disease treatment. The Chinese market is expected to grow significantly at a CAGR of around 5.4%.

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How Can Players Boost Skin Perfusion Pressure Testing Devices Sales in South Africa?

Both chronic limb ischemia and peripheral artery disease pose serious public health risks. The high prevalence of these diseases is due to a lack of disease awareness and proper treatment. There appears to be less use of these devices in South African hospitals as a result of limited campaigning about disease assessment.

Furthermore, in some countries, inadequate healthcare facilities limit the growth of the skin perfusion pressure testing market. Despite the financial burden, the South African government is implementing a number of initiatives to raise public awareness, which is expected to result in steady market growth.

South Africa’s market is expected to grow slowly, with a CAGR of around 3.8%.

Competitive Landscape

Since laser doppler has gained popularity in wound healing assessment, most medical device companies are currently focusing on designing it.

Moor Instruments, for example, has created the moorVMS-VASC 2.0 laser doppler system.

Furthermore, manufacturers are focusing on getting product approval stamps as well as entering into partnership and collaboration agreements to expand their product portfolio in different countries around the world.

For example, Perimed AB announced FDA approval for PeriFlux 6000 in April 2016.

Some of the leading companies operating in the market are:

Vasamed Incorporated
Moor Instruments
Perimed AB
ELCAT GmbH
ATYS Medical
Viasonix
Promed Group

Skin Perfusion Pressure Testing Devices Market by Category

Product

Laser Doppler Skin Perfusion Pressure Testing Devices
Photoplethysmography Skin Perfusion Pressure Testing Devices
Consumables
- Pressure Cuff Controller
- Fibre Optic Probe

Modality

Portable Devices
Cart-based Devices

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End User

Hospitals
Ambulatory Surgical Centers
Wound Care Centers
Vascular Laboratories

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Gastric Electric Stimulators Market Growing Trends and Analysis Report 2022-2026

The global market for gastric electric stimulators is expected to grow at a rapid 6.6% year on year in 2019, reaching a valuation of approximately US$ 188.4 Mn in 2026. According to a Future Market Insights (FMI) report on the gastric electric stimulators market for the forecast period 2018-2026, demand for gastric electric stimulators is expected to be accelerated by a slew of pacesetters.

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According to the FMI report on the gastric electric stimulators market, sales of gastric electric stimulators are likely to skyrocket in the coming years, owing to an increase in minimally invasive procedures, an increase in reported cases of gastroparesis, and encouraging reimbursement schemes. The increasing prevalence of gastroparesis has been identified as the primary demand generator, making gastric electric stimulators a highly preferred treatment alternative for such difficult diseases.

“Enterra system, a critical medical device which is highly used to treat Gastroparesis has received FDA approval as a humanitarian use device, on the back of its potential to treat or diagnose a disease or condition affecting approx. 4000 individuals annually in the United States. Though conditionally, the American College of Gastroenterology (ACG) also recommends adoption of gastric electric stimulators for individuals with chronic, stubborn nausea and vomiting caused by Gastroparesis. The gastric electric stimulators, like Enterra, is a battery-based gastric neurostimulator, which is usually rooted under the skin in lower abdomen part of the body”, Senior Analyst, FMI.

According to the FMI report on the gastric electric stimulators market, given the rarity of Gastroparesis and the prevalence of gastric-related issues, investments in R&D and clinical studies have increased significantly in recent years. Furthermore, the growing acceptance of gastric electric stimulators as an effective alternative to gastrectomy in patients with end-stage gastric dysfunction is expected to significantly accelerate demand for gastric electric stimulators by the end of 2026.

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High-Frequency Product Type Gaining Colossal Traction

According to the FMI report, high-frequency variants of gastric electric stimulators are gaining significant traction as one of the most compelling product types, as opposed to low-frequency variants of gastric electric stimulators. According to the FMI gastric electric stimulators market report, high-frequency variants of gastric electric stimulators are not only minimally invasive and extremely patient-friendly in terms of insertion, but also have a comparatively longer battery life than low-frequency variants. Furthermore, according to FMI analysis, with over 75% market share in gastric stimulators, high-frequency variants of gastric electric stimulators are likely to improve the Gastroparetic treatment landscape.

Though, gastric electrical stimulation makes the most viable treatment option for chronic drug-refractory nausea and vomiting peripheral to Gastroparesis of idiopathic or diabetic etiology, Enterra Therapy associated risks remain exceptionally high, thereby hampering the adoption of gastric electric stimulators.

North America Gastric Electric Stimulators Market Remains Lucrative

According to the FMI Gastric Electric Stimulators Report, North America is likely to maintain its market dominance between 2018 and 2026. Growing investments in medical studies and R&D activities, ongoing technological advancements and innovations, and the presence of several leading market players are other key factors paving the way for lucrative opportunities in the gastric electric stimulators market across North America, according to the FMI report.

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According to the gastric electric stimulators market report, the global gastric electric stimulators market will remain highly consolidated, with market Mughals accounting for approximately 5o% of global revenue share, owing to their superior product offering and extensive demographic presence. Furthermore, in order to capitalise on the growing demand for gastric electric stimulators, leading market players are planning collaborations and acquisitions of local players in order to strengthen their market presence.

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