Market Research Blog – Page 9081 – New Product Development

Hyperbaric Oxygen Therapy Devices Market Trends: Development is Changing Business Needs

The global Hyperbaric Oxygen Therapy Devices Market Size is expected to be valued at US$ 3.21 Billion in 2022. With the growing usage of hyperbaric oxygen therapy in wound healing, coupled with the increasing number of athletes resulting in demand for HBOT, the overall demand for Hyperbaric Oxygen Therapy Devices is projected to grow at a CAGR of 7.1% between 2022 and 2032, totaling around US$ 6.37 Billion by 2032.

The introduction of hyperbaric oxygen therapy (HBOT) technique enhances the effectiveness of leukocytes, especially in the wound site, and hinders the toxic effect of carbon monoxide (CO) and cyanide. Growing acceptance of this technology globally is one of the key factors expected to boost the market during the forecast period.

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Rising number of patients with diabetes around the globe is the prime factor for the increase in demand of hyperbaric oxygen therapy devices. Thus, the market is to witness an upward trend with the passing years. Additionally, the market is set to gain because of the increasing medical tourism. The support and investment by the government of the developing reasons in the healthcare sector too cannot be ignored for the rise in demand. Plus, nowadays, patients with brain injuries and cancer are also being treated using this technology.

The regulatory approval for a number of indications such as pulmonary embolism, severe anemia, decompression sickness, burns and brain abscesses to name a few out of the thirteen approved indications, is one of the major factors that is expected to escalate the growth of the hyperbaric oxygen therapy device market over the analysis period. Moreover, the increasing adoption of hyperbaric oxygen therapy devices for lung disease treatment and prevention of reperfusion injury is one of the major factors that is expected to propel the market growth during the forecast period.

The North America hyperbaric oxygen therapy devices market is expected to accumulate a market share of 34.0% in 2022. North America is anticipated to be the largest market for Hyperbaric Oxygen Therapy Devices, owing to reasons such as the growing population and the increasing preference for wound healing treatments.

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Key Takeaways from the Market Study

Global Hyperbaric Oxygen Therapy Devices Market was valued at US$ 3.21 Billion by 2022-end
From 2017 to 2021, Hyperbaric Oxygen Therapy Devices demand expanded at a CAGR of 4.2%
By product, monoplace hyperbaric oxygen therapy devices to acquire a revenue share of 54%.
By Application, the Wound Healing segment dominates the Hyperbaric Oxygen Therapy Devices Market with a CAGR of 31%.

“The ability of the hyperbaric oxygen therapy procedure to effectively treat carbon monoxide poisoning, is one of the major factors that is anticipated to accelerate the growth of the hyperbaric oxygen therapy devices market in the near future,” remarks an FMI analyst.

Competitive Landscape

Players in the global Hyperbaric Oxygen Therapy Devices Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In May 2021, CūtisCare, a leading provider of multi-place hyperbaric services for trauma centers and acute care hospitals, announced the official launch of hyperbaric aware website and national campaign. CūtisCare aims to increase awareness about hyperbaric oxygen therapy to effectively deal with various chronic conditions.
In November 2019, AHA Hyperbarics introduced the AHA Flex V2, a new model of innovative high-pressure medical hyperbaric chambers that are specifically built to meet the growing need for HBOT safety and efficacy.
In July 2019, Unique Group, the world’s prominent advanced subsea, offshore, and life support solution providers, launched its next generation multiplace hyperbaric oxygen treatment chamber, ‘Uni-Heal 2200 hyperbaric oxygen treatment facility’.
In February 2019, new medical research conducted at the LSU Health New Orleans School of Medicine indicates that the procedure can be beneficial for the patients of Alzheimer’s, when conducted with other therapies or by itself.

Key companies profiled : Cardinal Health, Mölnlycke Health Care, Acelity L.P. Inc. (3M), Lohmann & Rauscher GmbH & Co. KG, Smith & Nephew, ConvaTec Inc., DeRoyal Industries, Inc., HARTMANN, Medela LLC, Haromed Bvba (Belgium), Carilex Medical GmbH. Genadyne Biotechnologies, Inc., Cork Medical, LLC, Alleva Medical Ltd. (Devon Medical Products, and Argentum Medical, LLC

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Key Segments Covered in the Hyperbaric Oxygen Therapy Devices Industry Analysis

Hyperbaric Oxygen Therapy Devices Market by Type of Products:

Mono-place HBOT Devices
Multi-place HBOT Devices
Topical HBOT Devices

Hyperbaric Oxygen Therapy Devices Market by Application:

Wound Healing
Decompression Sickness
Infections
Gas Embolism
Others

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

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Compounding Pharmacies Market Growth, Regional Analysis, Trends and Forecast 2022-2028

According to a recent research by Future Market Insights (FMI), the global Compounding Pharmacies Market is estimated to have accounted around US$ 8 Bn in terms of value during 2018. The report on the U.S. compounding pharmacies market also projects that the market will grow at a CAGR of approximately 5% during the period 2018-2028.

The U.S. compounding pharmacies market revenue is expected to increase at a robust growth rate over the next few years despite the reporting of several adverse events and drug mismanagement-related deaths. The U.S. compounding pharmacies market is expected to gain popularity in several regions of the U.S. due to upcoming products and therapeutic areas that are yet to be tapped by branded manufacturers. Focus on factors, such as the availability of drugs in innovative medium/forms and the administration of varying dosages for various indications, is expected to drive the adoption of newer dosage forms of compounded medications.

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Market Remains Influenced by Availability of Compounded Pain Management Drugs

The growing popularity of pain management therapies is fuelling the growth of U.S. compounding pharmacies market. Compounded pain management drugs are not FDA-approved, however, they come under the State Pharmacies Board supervision in the U.S. For example, medical guidelines such as the Chronic Pain Guidelines stated by the Medical Treatment Utilization Schedule (MTUS) do not support the use of compounds such as Gabapentin and Baclofen for pain management. However, compounding pharmacies use these compounds as well as several others in varying strengths to attract customers and increase their revenue.

Moreover, an increase in the shortage of prescription medicine is expected to upsurge the demand for compounding pharmacies. According to the U.S. FDA, only 154 drugs were in short supply or not available in 2007, as compared to 456 in 2012. Currently, the number of drugs in short supply is around 300. Medicinal drought is prominent in the U.S. as compared to other countries, which is also fuelling the revenue growth of the U.S. compounding pharmacies market.

On the other hand, increasing regulatory pressures are expected to hamper the growth of the U.S. compounding pharmacies market. Compounding pharmacies are engaged in trans-boundary drug compounding, and the manufacturing of bulk drugs & ingredients need to be registered with the FDA, undergo mandatory inspections, and abide by GMP guidelines. For instance, the FDA has stated that around 70% of registered firms have been inspected, of which 28 firms have been issued FDA Form 483s (non-adherence to cGMP regulations and unsafe compounding practices), and five warning letters, which implies a very high rate of action. Compounding pharmacies registering with the FDA could serve to increase credibility. However, inspections and compliance with good manufacturing practices is compulsory. Regulatory pressures on compounding pharmacies are expected to force the smaller ones to close their business primarily due to unsafe compounding practices, which are likely to directly impact patient safety.

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Hormone Replacement Therapeutic Area to Hold over 38% Revenue Share in Market

By product type, oral medication is the expected to dominate the U.S. compounding pharmacies market in term of revenue, which is then followed by topical medication. The injectable segment by product type of the U.S. compounding pharmacies market is projected to grow at a significant rate as compared to other segments. The hormone replacement therapy segment is the leading segment in terms of revenue among all the therapeutic area segments of the U.S. compounding pharmacies market, and is estimated to gain a 38.4% revenue share in 2019.

Among the pharmacy type segments, the 503A pharmacy segment is expected to gain a major revenue share as compared to the 503B pharmacy segment over the forecast period. By application, the adults segment is estimated to dominate the U.S. compounding pharmacies market, followed by the paediatrics segment. The veterinary segment is expected to grow at a faster pace as compared to the other application segments of the U.S. compounding pharmacies market.

The U.S. compounding pharmacies market report tracks some of the key companies operating in the market, which include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Inc., Fagron N.V., Wedgewood Pharma, PharMEDium Services LLC, Doughertys Pharmacy, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, Village Compounding Pharmacy, Triangle Compounding Pharmacy, Olympia Pharmacy, Hoye’s Pharmacy, Vertisis Custom Pharmacy, Smith Caldwell Drug Store, AIS HealthCare, Soleo Health, Millers Pharmacy, Centene Corporation, Infinity Care Solutions, Triumph Pharmacy, and Sixth Avenue Medical Pharmacy.

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High Content Screening Market Share 2022-2032 | Olympus, PerkinElmer, Merck Millipore, Sysmex

This Future Market Insights report examines the ‘High Content Screening (HCS) Market‘ for the period 2015–2025. New product launches are resulting in product assortment and thus, increased installation of High Content Screening (HCS) instruments. This is expected to bolster growth of the High Content Screening (HCS) market over the next five to six years. Furthermore, increasing government support for research and development for drug discovery processes across the globe is expected to drive the growth of High Content Screening (HCS) market during the forecast period. Companies are focussing on penetrating untapped markets, such as Asia Pacific and Latin America, where growth of the biotechnology and biopharmaceutical industry is expected to increase significantly.

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The High Content Screening (HCS) market report starts with an overview of cell analysis instrumentation market. In addition, this section includes FMI’s analysis of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the High Content Screening (HCS) market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the High Content Screening (HCS) Market report to better equip and arm clients with crystal clear decision-making insights.

The global High Content Screening (HCS) market is segmented on the basis of product, application, industry and regions. On the basis of product, the market is segmented as cell imaging and analysis equipment, consumables, software and services. Cell imaging and analysis equipment is further sub-segmented as High Content Screening (HCS) instruments and flow cytometers. Also, High Content Screening (HCS) instruments are categorised into high-end High Content Screening (HCS), mid-end High Content Screening(HCS) and low-end High Content Screening (HCS) instruments. A detailed analysis has been provided for every segment in terms of market size and volume analysis for High Content Screening (HCS) instruments across the globe.

In the next section, FMI covers the High Content Screening (HCS) market performance in terms of application. On the basis of application, the High Content Screening (HCS) market is segmented into primary and secondary screening, target identification and validation, toxicity studies, compound profiling and others. A detailed analysis has been provided for every segment in terms of market size.

Also, FMI provides the High Content Screening (HCS) market analysis of end-use sectors for High Content Screening (HCS). The segmentation includes pharmaceutical and healthcare, biotechnology companies, educational institutions, government organisations and others. A detailed analysis has been provided for every segment in terms of market size.

As highlighted earlier, the High Content Screening (HCS) market is segmented on the basis of product, application, industry and regions. All these segments are included in this section to make the study more comprehensive. The subsequent sections provide detailed analysis on the product type, industry and application of the High Content Screening (HCS) market report. The sections provide detailed analysis covering key trends, absolute dollar opportunity and BPS Analysis.

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The next section of the report highlights High Content Screening (HCS) adoption by regions. It provides market outlook for 2015–2025 and sets the forecast within the context of the High Content Screening (HCS) ecosystem, including the new technological developments as well as product offerings in the High Content Screening (HCS) market. This study discusses the key region trends contributing to growth of the High Content Screening (HCS) market globally, as well as analyses the degree at which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa.

All the above sections, by product, by application, by industry or by regions, evaluate the present scenario and the growth prospects of the High Content Screening (HCS) market for the period 2015 –2025. We have considered 2014 as the base year and provide data for the trailing 12 months.

To calculate the High Content Screening (HCS) market size, we have considered revenue generated by the High Content Screening (HCS) manufacturers. The forecast presented here assesses the total revenue by value across the High Content Screening (HCS) market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the High Content Screening (HCS) market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on supply side, downstream industry demand and economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the High Content Screening (HCS) market.

As previously highlighted, the High Content Screening (HCS) market is split into a number of segments and sub-segments. All the High Content Screening (HCS) segments in terms of product type, application, industry and regions are analysed in terms of Basis Point Share to understand individual segment’s relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the High Content Screening (HCS) market.

Also, another key feature of this report is the analysis of all key segments and sub-segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the High Content Screening (HCS) market.

Furthermore, to understand key growth segments in terms of growth & adoption of high content screening for cell analysis along with preferred application across the globe in the near future, Future Market Insights developed the High Content Screening (HCS) Market Attractiveness Index. The resulting index should help providers identify real market opportunities.

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In the final section of the report, High Content Screening (HCS) Competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence in High Content Screening (HCS) product portfolio and key differentiators. Key categories of providers covered in the report are High Content Screening (HCS) manufacturers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the High Content Screening (HCS) value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in High Content Screening (HCS) marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the High Content Screening (HCS) space. Key competitors covered in terms of manufacturers are Becton, Dickinson and Company (BD), Thermo Fisher Scientific Inc., GE Healthcare, Olympus Corporation, PerkinElmer Inc., Merck Millipore Corporation, Danaher Corporation (Molecular Devices), Yokogawa Electric Corporation, Sysmex Corporation and Thorlabs Inc.

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Thermoplastic Pipe Market to Grow at a Rate of 4.5% By 2032 | Get Customized Reports

The thermoplastic pipe market was valued at US$ 2.5 Bn in 2021, is projected to reach US$ 8.5 Bn by 2032, and is anticipated to grow at a CAGR of around 4.5% over the projected period of 2022-2032.

The immediate consequence of the COVID-19 pandemic resulted in a decrease in demand for thermoplastic pipes that are being used to transport oil and gas to end users’ locations.

Furthermore, the pandemic has disrupted the water treatment industry, of which thermoplastic composite pipes are an essential element.

Industrial operations were halted due to the implementation of strict lockdown procedures. In addition, the thermoplastic piping systems’ operation was constrained by a lack of manpower and a decline in logistical operations.

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The growing use of RTP pipe in the water and wastewater treatment industries is expected to drive up demand for thermoplastic pipes worldwide.

Given the rising importance of deep and ultra-deepwater oil and gas production and exploration operations as demand for fossil fuels has increased, offshore drilling and production activities are likely to grow at a faster rate than onshore activities during the next five years. As a result, the application of thermoplastic composite pipe in offshore products, including flowlines, umbilicals, and risers, is expected to drive the thermoplastic pipe market in the oil and gas industry.

Reinforced thermoplastic pipes (RTP) are being utilized to replace medium-pressure steel pipes in the oil and gas industry.

Due to their cost-effectiveness and good chemical resistance capabilities, many types of thermoplastic pipes made from engineering thermoplastic grades such as polyethylene (PE) and polyvinyl chloride (PVC) have been widely employed.

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Higher thermoplastic composite pipes offer better abrasion resistance, are less flammable, and emit less smoke and harmful fumes. Still, they come at a higher cost of raw materials and fabrication. Thermoplastic composite pipes are 20–100 times more expensive than steel pipes, making them unsuitable for items like pipes. This has become the most prevalent roadblock for the thermoplastic pipe business.

As shallow-water oil and gas resources run out, thermoplastic pipe manufacturers are turning to deep- and ultra-deepwater off the shores of Brazil, Norway, Angola, and the United States.

Since thermoplastic composite pipes are lighter than flexible steel pipes, they may be installed using less complex and costly equipment. The flexibility of the pipes, which may be transported to the job site in long coils, and the possibility of using no-dig technology to install them assist in minimizing jointing and traffic interruption. As a result of the advantages of implementing flexible thermoplastic composite pipes in deep- and ultra-deepwater applications, the thermoplastic pipe market is anticipated to grow.

Large-scale production of thermoplastic composite pipes is challenging because of the standardisation, contributing to the overall high cost of thermoplastic pipes.

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Key Takeaways:

With a thermoplastic pipe market share of over 30%, North America is estimated to maintain its dominant position in the thermoplastic pipe market.
Reinforced thermoplastic pipes account for 30% of the market in the United States.
North America reigned supreme in the RTP market in 2019, with a valuation of US$ 81 Mn, owing to the shale gas effect and massive ongoing expansions in the United States.
According to the research, the offshore reinforced thermoplastic pipes market in Asia is predicted to increase from US$ 2.18 billion in 2020 to US$ 2.7 billion by 2031.

Competitive Landscape:

Some of the key players are NOV (US), Wienerberger (Austria), TechnipFMC (UK), Georg Fischer (Switzerland), and Advanced Drainage Systems (US). The leading thermoplastic pipe manufacturers are adopting various strategies to increase their thermoplastic pipe market share.

TechnipFMC purchased Magma Global’s outstanding shares in October 2021 and will use Magma Global’s technology to manufacture Thermoplastic Composite Pipes (TCPs) made of PEEK polymer. Magma Global’s expertise will be combined with TechnipFMC’s thermoplastic piping systems to build a Hybrid Flexible Pipe (HFP) used in Brazil’s pre-salt fields.
Wienerberger bought the entire stock of FloPlast and Cork Plastics in July 2021. Both firms’ product ranges are focused on rainfall, roofline, and drainage products. As a result of the acquisition, Wienerberger is projected to become a full-service provider of managed greywater and stormwater solutions in the residential sector.
FGS Brasil Industria e Comércio (FGS), Cajamar (Brazil), a manufacturer of polyethylene thermoplastic piping systems, was bought by GF Piping Systems, a part of Georg Fischer, in December 2020. GF Piping Systems was able to increase its position in Brazil and South America due to the acquisition.

Subsea 7 granted NOV a contract in July 2020 to construct a flexible thermoplastic piping system, including flexible thermoplastic piping systems and associated ancillary components, for Woodside’s Sangoma Phase 1 project offshore Senegal, West Africa.

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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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Gas Turbine Market Size to be worth US$ 29.15 Billion by 2032 | Get Customized Reports

As per a recent gas turbine market analysis by Future Market Insights (FMI), the global market was valued at over US$ 19.7 Bn in 2022 and is projected to expand at a modest CAGR of 4% over the forecast period. The steady requirement of efficient power generation technology in developed countries and flourishing industrial sector in developing economies remain the major drivers of the gas turbine market.

Emerging gas turbine markets such as China and India provide various untapped and undiscovered prospects for the market to expand.

Competitive advantage of gas turbines is high over other distributed generation technologies for backup power and onsite generation because of their better efficiency and stable generation capacity. As a result, the rise of distributed power generation represents a significant gas turbine market opportunity.

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The rise in the global awareness of environmental health is also heavily influencing a paradigm shift in the conventional coal-powered plant industry. The stringent government regulations regarding the greenhouse emissions further have further incentivized the use of gas turbine systems.

The volatility of natural gas prices restricts the growth of the industry. The erratic nature of transnational factors establishes an uncertainty about the demand for gas turbines.

Despite the restraints, the gas turbine market is expected to reach a valuation of US$ 23 Bn by 2026.

Key Takeaways

Based on sector, the electric power sector utility segment dominated the market with a 76% share in 2021. It is followed by oil and gas sector due the rise in exploration activities.
The Asia Pacific gas turbine market is predicted to be driven by economic expansion, development and carbon dioxide emission regulations.
As per design type, the heavy segment accounts for the major part of the market. Aeroderivative gas turbines are lighter, easier to install, and start up faster which makes aeroderivative the fastest-growing segment.
The 150-300 MW segment is dominating the market share when categorized as per capacity. The 300+ MW market is steadily rising, owing to recent shift in gas turbine market trends.
The power and utilities segment had the highest revenue share of almost 85% in 2020, and it is expected to rise at the highest CAGR during the forecast period.
Due to rapid industrialization, Asia Pacific emerged as the largest regional market and accounted for the maximum revenue share of over 31% in 2020.
Global natural gas consumption was reported to be 3822.8 billion cubic meters in 2020, according to the BP statistical analysis of world energy 2021, a decrease of roughly 81.1 billion cubic meters from 2019. It could be the direct result of lockdowns and the impact of COVID-19 on the gas turbine market.
Coal-fired power generation dominates the Indian power sector, accounting for 61.3 percent of total installed capacity in June 2021. For decarbonization and meeting the Paris Agreement’s commitments, the country possesses enormous renewable energy and gas-based power generation potential.

“The cultural change from coal-based power generation to gas-based power generation in advanced and emerging countries such as the United States, Japan, China, and India, as well as supportive government policies for the construction of gas-based power plants, are the major factors influencing the industry’s development.” as reported by FMI’s lead analyst.

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Competitive Landscape

The gas turbine market is consolidated with a few major players controlling a major share of the market. The potential of gas turbine market growth remains high with the heavy influence of competitive environment.

Ansaldo Energia and Shanghai Electric Group’s consortium signed a deal with Bangladesh Power Development Board Company named North-West Power Generation Company Ltd in June 2020. The collaboration is projected to develop and construct an 880 MW combined cycle power plant in Bangladesh under this deal, allowing the enterprises to expand their scale of operation.
In another recent development, in August 2020, General Electric has placed an order for an 858 MW CCGT power plant to supply the Zainskaya State District Power Plant with its 9HA.02 gas turbine and supporting equipment.

Key Segments

By Design Type :

Heavy-duty
Aeroderivative

By End User:

Power Generation
Oil and Gas
Other Industrial

By Technology:

Open Cycle
Combined Cycle

By Rated Capacity:

Application Gas
TurbineNetwork Gas
TurbineDevice Gas Turbine
Social Engineering

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East & Africa

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LED & OLED Lighting Products and Displays Market Share, Size, Trends – 2025 | FMI

Future Market Insights (FMI) conveys key experiences on the Middle East LED & OLED lighting products and displays in its most recent report titled, “LED & OLED Lighting Products and Displays Market: Middle East Industry Analysis and Opportunity Assessment 2015-2025”. Center East LED & OLED lighting products and displays market is projected to enlist a solid CAGR of 14.3% and 4.9% separately regarding esteem during the estimate time frame (2015-2025). This predominantly credited to different elements, with respect to which FMI offers detailed bits of knowledge in its report.

Based on item type, Middle East LED & OLED lighting products market has been divided into sun oriented and traditional. Sun based portion represented 6.5% worth portion of the market in 2014 and is supposed to enlist a CAGR of 17.8% over the gauge period.

Result type, Middle East LED & OLED show market has been portioned into versatile displays, buyer TV displays and open air LED displays. Versatile displays section represented 15.4% worth offer in 2014 and is supposed to enroll a CAGR of 7.8% over the figure period.

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However, in terms of value, consumer TV segment is projected to be dominant by 2025, accounting for market share of 75.7%, as compared to mobile displays segment, with 20.7% share.

On the basis of end use, Middle East LED and OLED lighting products market is segmented into residential and commercial; among these, commercial segment accounted for a value share of 67.1% in 2014, which is projected to decrease to 65.2% by 2025. In Middle East LED & OLED lighting products market, residential segment is projected to exhibit the highest CAGR of 14.8% over the forecast period.

In Middle East LED and OLED displays market, outdoor LED displays segment is further segmented on the basis of product type and colour display. On the basis of product type, outdoor LED display segment is further sub-segmented into LED Billboards, LED mobile panels, LED video walls and LED traffic lights displays.

Key players in the Middle East LED & OLED lighting products and displays market include GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd. Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.

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Key Segment

LED & OLED Lighting Products

By Product Type
Solar
Conventional
Linear and Strips
Lamps and Bulbs
By End Use
Residential
Commercial

Key Regions/Countries Covered

GCC
UAE
KSA
Qatar
Oman
Bahrain
Kuwait
Levant
Turkey

LED & OLED Display Market

By Product Type
Mobile display
AMOLED
OLED
LCD
Consumer TV display

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Electronics Accessories Market Analysis & New Business Opportunities Studies for 2025

Future Market Insights (FMI) conveys key experiences on the Middle East electronics accessories market in its most recent report named ‘Electronics Accessories Market: Middle East Industry Analysis and Opportunity Assessment, 2015 – 2025’.

As far as worth, the Middle East electronics accessories market is projected to enroll a sound CAGR of 5.4% during the gauge time frame because of different variables, in regards to which FMI offers essential bits of knowledge exhaustively in this report. Furthermore, the Middle East electronics accessories market is projected to enroll a CAGR of 6.5% concerning volume during the conjecture time frame.

Players in the Middle East are creating explicit items like earphones and miniature headphones and stylishly planned electronic gadgets. Interest for miniature headphones and earphones that offer better commotion undoing is normal than essentially ascend among the rising number of audiophiles in the districts soon.

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The Middle East electronics accessories market is divided based on item type, end use, cost range, circulation channel and area. Based on item type, the market has been sectioned into cell phone accessories, PC accessories and auto infotainment accessories. As far as worth, the cell phone accessories fragment has been assessed to represent 62.7% portion of the Middle East electronics accessories market by 2015 end.

Likewise, the car electronics fragment in the locale is seeing a critical flood in its development, and in this manner is supposed to keep practical development sooner rather than later. High volume of vehicle deals is, thusly, expected to additional drive deals of car infotainment frameworks throughout the following five to six years in these districts.

Development of the Middle East electronics accessories market is for the most part determined by multiplication of associated gadgets, expanding extra cash of buyers in metropolitan regions in GCC and developing Internet entrance, which thus is prompting the rising inclination of purchasers towards online retail in these districts. Expanding reception of cell phones among the adolescent in the GCC locale is giving huge improvement to development of the electronic accessories market in the district.

This report covers patterns driving each fragment and offers examination and bits of knowledge on the capability of electronics accessories in every one of the nations covered under Middle East. As far as income share commitment, GCC district has been assessed to overwhelm the electronics accessories market all through the gauge period.

This is basically credited to the enormous number of well-to-do buyers in the district, combined with mechanical headways, which thus are driving towards expanded interest for associated gadgets like tablets and cell phones. Considering the rising multiplication of these gadgets in Middle East market, interest for accessories, for example, earphones, power banks and others is supposed to increment altogether over the course of the following five to six years in these locales.

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Vital participants in the Middle East electronics accessories market incorporate Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Panasonic Corporation, Clarion Co., Ltd., Pioneer Corporation, LG Electronics Inc., Logitech global S.A., Astrum Holdings Limited and Intex Technologies India Ltd.

An enormous number of players working in the electronics accessories market are centered around going into coordinated efforts and organizations with nearby merchants and retailers to improve their market presence in the Middle East nations. Additionally, such coordinated efforts and organizations likewise empower the organizations to expand their item perceivability across the locales.

Key Segment

By Product Type

Mobile Phone Accessories
- Battery
- Charger
  - Wired
  - Wireless
Headphone and Earbud
- Wired
- Wireless
Computer Accessories
- Battery
- Power Adapter
- Speakers
- Others (Keyboard, Mouse and Microphone)
Automotive infotainment Accessories
- Dash Stereos
- Amplifiers
- Woofers
- Wires and Cables
- Speakers

By End Use

Residential
Commercial

By Distribution Channel

Multi-brand Store
Single-brand Store

By Price Range

Premium
Medium
Low

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Duplication Disc Market Size & Share | Trends Analysis Report for 2022 to 2032

According to the duplication disc market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 5.2% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 2,199.7 Mn by the end of year 2022. As per FMI, the fact that disc duplication is much faster than the CD replication procedure is one of its main advantages. Even if the order is large (up to 5000 units), the duplicating procedure takes roughly 2-3 business days.

Prepress fees are frequently waived for CD duplication by the duplicators. The digital full color printing lets the duplicators to generate the remarkable duplicates of the CDs. One can benefit from the duplicating services in a number of different ways. Numerous businesses offer inexpensive CD duplication services. Many organizations and businesses that offer disc duplication have modest assembly rooms where the duplicate process is carried out.

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Key Takeaways: Duplication Disc Market

By disc type, the printed disc segment is anticipated to account for the leading share in the global demand for duplication disc in 2022. Moreover, the non-printed disc segment is estimated to grow at a CAGR of 3% through 2032.
By printing technology, the thermal segment is expected to grow at a highest CAGR of 0% between 2022 & 2032.
By application, the music promotion segment is anticipated to grow at a CAGR of 1% between 2022 & 2032.
South Asia and Pacific is expected to progress at the highest CAGR of around 3% followed by East Asia in 2032.
The market in Japan is expected to progress at a CAGR of around 8% through 2032.
In India, sales are expected to grow at a CAGR of close 9% over the next ten years.

“The demand of disc duplication procedure is increasing in media industry. One of the important advantage of media duplication services is that media duplication services cover all features of the duplication procedure. Media duplication services utilizes various different kinds of equipment’s to duplicate DVDs, CDs, and CD-ROMs. It is also used in the production and film companies thus all these factors are also driving the market demand.” says FMI analyst.

Duplication Disc Procedure is Cheaper than CD Replication Method this factor is Driving the Market Growth

For personal use, CD duplication or disc duplication is more useful. Actually, it is acceptable and normal for people who use computers at home. The professional process of entering the data onto the disc is more practical, and CD replication is better suited for business use.

A safer, more suitable, and high-quality method of copying music or data from the master copy to individual discs is CD duplication. Compared to CD replication, disc duplication offers faster turnaround times. A greater variety of digital and thermal printing possibilities are available on duplication discs. Therefore, duplication disc offers a speedier and more affordable process than CD replication, and these advantages are fuelling the market’s growth.

More Valuable Insights on Duplication Disc Market

Future Market Insight’s report on the duplication disc research is segmented into four major sections – disc type (printed disc and non-printed disc), printed disc (CDs, DVDs, and Blu-ray Disc), printing technology (inkjet, thermal, and varnish printing technology), application (movie and game, music promotion, education, and others), end use (media, and entertainment companies), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the duplication disc outlook.

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Competitive Landscape

Duplication Disc market major players are focusing on strategic partnerships with other important vendors to develop technologically advanced disc for various applications to serve their customers.

In December 2021, The British Progressive Rock Band IQ declared the launch of the compilation “The Archive Collection 2003 to 2017”. An alternative history of IQ is found in this limited 12-disc collector’s boxed set, which is also obtainable in a 12-by-12-inch hardcover art book with 52 full-color pages.

Duplication Disc Market Outlook by Category

By Disc Type, Duplication Disc Market is segmented as:

Disc Type
- Printed Disc
  - CDs
  - DVDs
  - Blu-ray Disc
- Non Printed Disc

By Printing Technology, Duplication Disc Market is segmented as:

Inkjet
Thermal
Varnish Printing Technology

By Application, Duplication Disc Market is segmented as:

Movie and Game
Music Promotion
Education
Others

By End Use, Duplication Disc Market is segmented as:

Media
Entertainment Companies

By Region, Duplication Disc Market Sales is segmented as:

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

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Oil & Gas Seals Market is Anticipated to Register 3.3% CAGR through 2031 | Future Market Insights, Inc.

The global oil & gas seals market is likely to exhibit significant deceleration, pegged at -6.5% in 2021 over 2020. This downturn is majorly ascribed to the recessionary impact of the COVID-19 pandemic on the oil & gas industry across the world, according to ESOMAR-certified market research company Future Market Insights (FMI). Fortunately, recovery is on the cards beginning 2022, with a projected annual increase of approximately 3%.

The long-term outlook on oil and gas seals market remains positive, with revenues set to grow at 3.3% CAGR. Substantial increase oil & gas exploration activities and development of oil & gas distribution infrastructure across the globe are expected to remain key defining factors in the global oil & gas seals market.

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Besides the burgeoning numbers of exploration projects, the industry is likely to witness immense technological disruptions. Blockchain technology has been touted as a highly effective approach towards enhancing data collection security while automation and robotic deployment across key oil fields is expected to enhance drilling projects, reducing error margins and yielding high throughput.

Key Takeaways of Oil & gas seals Market Study

Mechanical seals to remain preferred, reaching US$ 176.1 Mn and capturing nearly 17% revenue by 2021
Distribution applications to spearhead growth, with refining & distillation units experiencing maximum sales
PEEK plastics/polymers to remain highly preferred by material type, generating 55% revenue share by 2021-end
Midstream oil & gas exploration projects to generate lucrative opportunities, followed by upstream projects
US and GCC countries to remain lucrative throughout the forecast period
K. oil and gas seals market to witness a stable growth of over 3% through 2031
Oil and gas seals demand in Germany and France to be relatively muted, with growth of nearly 2%

“Manufacturers are focused on developing new seals using cost-efficient manufacturing techniques and advanced raw materials such as elastomers and plastic/polymers like polytetrafluoroethylene, polyetheretherketone and others with high pressure and temperature resistance standards,” says FMI analyst.

Competitive Landscape

The oil & gas seals market witness significant consolidation, in which the leading players account for more than three fourth of the market value share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period.

Some of the key players in the market are Parker Hannifin Corporation, EnPro Industries, Flowserve Corporation, Dätwyler Holding Inc., Freudenberg Group, Trelleborg AB, among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

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Key Segments

Product Type

Mechanical Seals
Hydraulic Seals
O-Rings
T-Seals & S-Seals
Metal Bellow Seals
Lip Seals
Dry Gas Seals
V-Ring Packing
Spring Seals
Custom Seals

Application

Well Drilling
Well Completion
Well Production & Service
Distribution
- Refining & Distillation Units
- Transportation Pipelines & Carrier Vessels

Material Type

Stainless Steel
Graphite/Carbon
Elastomers
Plastic/Polymers
- PTFE
- PEEK

Process Type

Upstream
Midstream
Downstream

Region

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

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True Wireless Stereo Market Analysis, Size, Share, Growth, Trends & Forecast 2023 to 2033

The adoption of true wireless stereo is expected to increase at a CAGR of 34.6% during the forecast period. The true wireless stereo market size is anticipated to rise from US$ 61.74 Bn in 2023 to US$ 1,205.17 Bn in 2033.

True wireless technology is becoming increasingly popular around the world as they have no physical connection and provide far more comfort to users than wired counterparts. This has resulted in greater comfort and freedom for listeners who were previously restricted to wired headphones.

The high penetration of smart wearable devices due to growing modernization, increase in disposable incomes and easy access to advanced technologies will further proliferate market growth.

Moreover, many smartphone makers are switching to IP68 specs and removing support for earphone jacks, which will increase demand for wireless technologies and open new prospects for vendors who want to sell to the market for wireless devices.

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TWS has evolved beyond simple music or podcast listening, paving the way for new applications including voice-based biometrics and the monitoring of vital signs using audio frequency.

In the future, it’s also conceivable that consumer-grade TWS devices will incorporate more complex hearing augmentation functions.

Key Takeaways from Market Study

With a market share of more than 35.0% in 2021, North America had the highest demand in the global market. The popularity of Air Pods has contributed to an increase in TWS demand in North America.
With few entrance hurdles and a sizable customer base, Asia Pacific offers numerous opportunities for market expansion.
Online stores are the major distribution channels as a lot of significant businesses are expanding their online footprint in order to sell more of these technologies.
Additionally, the convenience provided by online retailers would accelerate the segment’s growth during the forecast period.
Mid-range segment has the highest product offerings with versatility and diversification in built and output. The market share has been greatly influenced by businesses like Apple Inc., Samsung Electronics Co. Ltd., and Jabra, among others
In Q3 2022, the Aman Gupta-led business BoAt gained a 32.1% share, largely because of earwear accessories. BoAt has a 42% market share in Q3 2021, however, that share has significantly decreased over the past year.
Existing players are heavily focused on innovation and the development of new components and technology in order to overcome disadvantages and strengthen their positions in the global market. Some market participants are also investing in start-ups to expand their regional and global presence.

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Competitive Landscape

Since market players are primarily focused on introducing distinctive characteristics into their products to enhance the auditory experience, the true wireless stereo sector is competitive. For instance, Apple Inc.’s AirPods include a special vent design that equalises pressure inside the ear to lessen discomfort, which is typical of in-ear models.

Since the AirPods’ debut in December 2016, sales have increased dramatically. However, Chinese suppliers and regional firms that offer unique features at reasonable prices are stealing market share from many premium brands. The following are some of the top companies competing in the worldwide true wireless stereo earbuds market:

Some of the Key Players Operating in True Wireless Stereo Market Include:

Apple, Inc.
Samsung Electronics Co., Ltd. (Samsung Group)
com, Inc.
Xiaomi Corporation
Sony Corporation
Boat-Lifestyle (Imagine Marketing Private Limited)
Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.) (Huawei Device Co. Ltd.)
Shure, Inc.
Sennheiser Electronic GmbH & Co. KG
Bose Corporation

Latest Developments in the True Wireless Stereo Market

In April 2022, the Danish company Bang & Olufsen, which creates high-end consumer electronics, announced the release of the Beoplay EX, a new set of TWS (truly wireless) earphones. There are noise-cancelling earbuds available that are completely waterproof.

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True Wireless Stereo Market Category

By Features:

Smart
Others

By Price Range:

Premium Range (Greater than $150)
Mid-Range ($50 – $150)
Low Range (Less than $50)

By Distribution Channel:

Multi-Brand Electronic Stores
Hypermarket/Supermarket Stores,
Online Stores
Others

By Application:

Fitness
Gaming
Music & Entertainment

Region:

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

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