increased funding and expenditure in pharmaceuticals and biotechnology R&D procedures are propelling the Laboratory Supplies industry in Korea

The Korean market is predicted to reach $1 billion by 2032. The market is primarily driven by increased funding and investment in pharmaceutical and biotechnology R&D operations. Because of the consistent and predictable supply of laboratory equipment, the market is projected to expand at a steady rate over the next several years.

The demand for laboratory products in this country is escalating as a result of technological advances in the fields of chemical and biological research. The soaring volume of clinical laboratory studies and life science research investigations is racing up requirements for laboratory disposables. The market is also predicted to obtain continuous demand from procurement managers in the pharmaceutical and medical sectors for a consistent supply of vital laboratory equipment and tools.

The growth strategies chosen by asset management firms in the service sector are essential for the expansion of the laboratory supplies market. The life science and pharmaceutical industries in this nation have witnessed an upsurge in laboratory compliance for drug development and testing, which is anticipated to travel significant growth for laboratory equipment services in the region. Furthermore, the rising prevalence of chronic conditions and medical tourism in this country is asserted to be significant for market growth. In contrast, the types of services required are much more diverse, and the prospects for innovation are diminished by low quantities, which can demonstrate to be a constraint if not addressed sooner.

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Key Takeaways

  • From 2022 to 2032, the Korean laboratory supplies industry is poised to increase at a compound annual growth rate (CAGR) of 7%.
  • In 2021, the equipment segment held the largest share.
  • Because of the high equipment costs, which result in one-time installments for many years, the equipment segment is the biggest.
  • High production costs for laboratory supplies may stymie market growth in the near future.
  • The Korean market is predicted to reach $1 billion by 2032.
  • Automation, miniaturization, artificial intelligence and smart technology are becoming commonplace, simplifying lab life.

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Competitive Landscape

Technological advancements, mergers and acquisitions, new product introductions, and research and development are all aspects where industry players intend to invest. Furthermore, they are likely to put a stronger emphasis on spending funds on new breakthroughs and items in order to extend their market reach. There is a trend toward smaller, easier-to-use instruments with built-in connectivity.

Many enterprises are focusing on the development of solid prospects and the storage of massive amounts of samples in order to create demand for these products. Furthermore, as a result of the coronavirus outbreak, a large number of companies are developing therapeutics and vaccines, boosting sales growth.

Recent Developments

  • Sunset Laboratory Inc. is a pioneer in organic carbon and elemental carbon (OC-EC) aerosol assessment; their instruments and testing services are developed to serve the needs of air quality scientists worldwide.
  • Bruker launched microESR in March 2022, a small, portable research-grade instrument for evaluating free radical oxidation and shelf life in foodstuff that can fit easily on a bench, fume hood, or even be transmitted into the field. It doesn’t require any special configuration or maintenance.
  • Korea Ace Scientific is a leading distributor of laboratory supplies and scientific products in the Korean market. Our company has a 20-year history of supplying selected products at reasonable costs to various research and testing labs in Korea.

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Key Segments Profiled in the Laboratory Supplies Market Industry Survey

Laboratory Supplies Market By Product Type:

  • Equipment
    • Incubators
    • Laminar Flow Hood
    • Micro Manipulation Systems
    • Centrifuges
    • Lab Air Filtration System
    • Scopes
    • Sonicators And Homogenizers
    • Autoclaves And Sterilizers
    • Spectrophotometer And Microarray Equipment
    • Others
  • Disposables
    • Pipettes
    • Tips
    • Tubes
    • Cuvettes
    • Dishes
    • Gloves
    • Masks
    • Cell Imaging Consumables
    • Cell Culture Consumables

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Security Testing Market Recent Trends, Development, Investigation, Growth Forecast 2022 to 2032

The global Security Testing Market was valued at US$ 7.9 Bn in 2021 and is expected to reach US$ 27 Bn by 2032, finds Future Market Insights in a recent market survey. As per the findings of the report, revenue through BFSI is projected to remain the key contributor to revenue.

BFSI require the processing of large amounts of very sensitive data, and their software requires frequent testing in order to ensure the safety of this data. The increases in digitalization, home transactions, and remote workers are also expected to drive demand.

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United States to Command the Larger Proportion of Security Testing Sales throughout the Analysis Period

The United States is the leading market for Security Testing demand, having witnessed CAGR of 13.7% from 2017 – 2021 and accounting for over 35% of the market demand. The market is expected to grow in the future as well, with a forecasted market value of US$ 9.4 Bn, with an absolute dollar opportunity of US $6.3 Bn. The rise in government regulations requiring testing to promote cybersecurity is the key driver for demand.  

“Security Testing providers are closely working on research and development to combat the ever-changing cybercrime techniques of cybercriminals” comments an analyst at Future Market Insights.

Security Testing Market: Competition Insights

At present, Security Testing providers are focused on harnessing new technology and addressing recent cybersecurity breaches. The key companies operating in the market include IBM, SecureWorks, Synopsys, Rapid7, Micro Focus, Cigniti, AT&T, WhiteHat Security, Veracode, Checkmarx, McAfee, Core Security, Parasoft, ScienceSoft, Data Theorem, Kryptowire ,LogRhythm, PortSwigger, ImpactQA, and NowSecure

Some of the recent development in Security Testing are as follows:

  • In June 2022, Synopsys, Inc. announced the acquisition of WhiteHat Security for US$ 330 Mn. Whitehat is a provider of application security testing SaaS.
  • In June 2021, HelpSystems and Cybellum announced a partnership to offer an automated automotive security scanning and vulnerability management analysis solution
  • In April 2021, IBM Security announced a collaboration with HCL Technologies for the unification and streamlining of threat management though an SOC platform.
  • In August 2021, FireEye introduced FireEye XDR. The platform aims to help security teams to detect and respond to threats in a more efficient and streamlined manner. FireEye Helix offers an integration by offering SOAR and SIEM capabilities via Mandiant-powered threat intelligence.
  • In July 2020, Checkmarx partnered with Gaming Innovation Group. Through this, GiG developers will be able to access a source code scanning tool to aid in security testing.
  • In September 2020, Indium Software announced the launching of its unified smart testing platform uphoriX, which combines functional testing, performance testing, security and compatibility. The testing is automated over the cloud and compatible with testing tools.

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Market Segments Covered in Security Testing Market Analysis

By Type:

  • Application Security Testing
  • Network Security Testing
  • Device Security Testing
  • Social Engineering

By Deployment Size:

  • On-premises
  • Cloud

By Organization Size:

  • Large Enterprises
  • SMEs

By Vertical:

  • SMEs
  • Large Enterprises
  • IT
  • Telecom
  • Retail and E-Commerce
  • Education
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Reinsurance Market Trends | Segmentation, Outlook & Analysis Report 2022 to 2032

The Reinsurance Market revenues were estimated at US$ 292.4 Bn in 2021 and is anticipated to grow at a CAGR of 4.5% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 474 Bn. The market in Japan is projected to gross an absolute dollar opportunity of US$ 19.4 Bn between 2022 and 2032.

Reinsurance is critical for the Japanese insurance market due to risk expansion, diversification, and complication. Typhoons and earthquakes are particularly common in Japan. As a result, Japanese insurers are required to reinsure these risks with foreign reinsurers. Japan has two domestic reinsurance companies as well as several foreign reinsurer branches. Reinsurance is also underwritten by non-life insurance companies.

Non-life insurance companies in Japan also plays a key role in the global reinsurance market. Japan has one of the world’s most extensive insurance markets. Besides, it is also the world’s fourth-largest property and casualty insurance market, with premiums totaling US $68.8 Bn, thus opening numerous opportunities for reinsurance companies.

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Besides, the country has also emerged successfully in life insurance sector. In April 2022, Reinsurance Group of America, Inc. announced an agreement to coinsure JPY 160 Bn (US $ 1.2 Bn) in statutory reserves with Taiyo Life Insurance Company, a subsidiary of T&D Holdings, Inc. Taiyo Life will continue to service the insurance policies covered by the contract.

Key Takeaways from the Market Study

  • Global Reinsurance Market is expected to reach a market size of US$ 306.4 Bn by 2022.
  • The Non-Life/Property & Casualty Reinsurance Companies segment, is expected to account for the highest CAGR of 4.3% during the forecast period.
  • United States is projected to remain the most dominant market with absolute dollar growth opportunity of US$ 62.9 Bn during 2022 – 2032.
  • The market in Japan is set to experience the highest CAGR of 7.3% during the 2022-2032 forecast period.

“During the projected period, the presence of inflation, uncertain economic environment, and natural disasters can become key drivers in raising the reinsurance market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Reinsurance Market are focused on R&D to produce innovative technological solutions.

  • In October 2020, Toa Reinsurance Company, Ltd. announced that it had expanded the product offerings of Toa Re Europe, based in Zurich, Switzerland, to include Life reinsurance in addition to the Property and Casualty reinsurance business that it began underwriting at the end of 2018. Life reinsurance is an important part of their group strategy, enabling them to expand their offering in Zurich for EMEA clients.
  • In April 2022, Covéa’s acquisition of PartnerRe has been approved by the European Commission. For this, US$ 9 Bn transaction had been discussed in 2021. In October, EXOR and Covéa agreed to sell the reinsurer in its entirety to the latter. Following those discussions, the EC announced that the merger had been approved under the EU Merger Regulation. Following labor council consultations, EXOR and Covea came to an agreement for Covéa to purchase the Bermuda-based reinsurer.
  • In May 2022, Brookfield Reinsurance completed its all-cash acquisition of American National for $5.1 billion. A critical step in carrying out Brookfield Reinsurance’s growth strategy in order to provide policyholders with long-term value and security. This demonstrates Brookfield Reinsurance’s leadership in providing capital and investment solutions to US-based insurers.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Reinsurance Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Reinsurance Market by Distribution Channel (Direct Writing, Broker), and By End-User (Life & Health Reinsurance, Non-Life/Property & Casualty Reinsurance) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Reinsurance Market Analysis

By Distribution Channel:

  • Direct Writing
  • Broker

By End-User:

  • Life & Health Reinsurance
  • Non-Life/Property & Casualty Reinsurance

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Related Links –

https://techplanet.today/post/collaboration-tools-market-research-report-overview-with-geographical-segmentation-by-revenue-with-forecast-2022-2029

https://bresdel.com/blogs/269608/Collaboration-Tools-Market-Assessment-and-Key-Insights-Analyzed-from-2022

https://network-84066.mn.co/posts/29356538

https://linkspreed.com/read-blog/27674

https://pastelink.net/pvdiwyr1

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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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Pre-terminated Systems Market Worldwide Analysis & New Opportunities Explored 2022 to 2032

Pre-defined Systems According to a recently published Future Market Insights report, market revenues are expected to reach US$ 2.5 billion in 2021 and grow at an 8.2% CAGR from 2022 to 2032. The market is expected to be worth $5.9 billion by the end of 2032. During the period 2022-2032, the components segment is expected to grow at the fastest CAGR of more than 7.9%. Cable connectors, patch panels, patch cords, and fibre enclosures are all components that contribute to the growth of the pre-terminated systems industry.

As a result of the work-from-anywhere trend, traffic shifted to residential areas during COVID-19, and overcrowded centres required expansion. Businesses and employees have realised that working from anywhere, especially home, does not result in a less productive workforce. On the contrary, because they are not required to attend the office every day, many people who work from home are more productive and have adapted to the new normal.

Because of the current growth in the fibre optics sector, it is critical that any potential projects use the appropriate fibre optic cables, assemblies, and termination technologies. While there are many different types of fibre optic cable and connectors, the two most common termination options are field terminated and pre-terminated. In the post-covid environment, pre-terminated fibre optic cables or assemblies will be preferred because they are faster, simpler, and require less technician training than field terminated cables.

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Key Takeaways from the Market Study

  • Global Pre-terminated Systems Market is expected to reach a valuation of US$ 2.7 Bn by 2022.
  • Pre-terminated systems component is expected to account for the highest CAGR rate of 7.9% during the forecast period.
  • United States is projected to remain the dominant market with an absolute dollar growth opportunity of US$ 1.1 Bn during 2022 – 2032.
  • The market in United States is set to experience the highest CAGR of 7.9% during 2022-2032.

“During the projected period, the rise of electronic devices, growing need for network dependability and transmission bandwidth are some of the key drivers raising the Pre-terminated Systems market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused towards obtaining competitive advantage. The key companies in the Pre-terminated Systems Market are focused on R&D to produce innovative technological solutions.

  • In May 2022, Huber+Suhner has introduced a new FTTH modular connection option, allowing clients to install portions of their own fiber. The new RESA launch is intended to give carriers and end users a simple installation option in rural, suburban, residential, and commercial locations.

It is intended to lower the costs, time, and resources necessary for FTTH network construction while providing greater convenience and choice to customers.

  • In May 2022, NECTOR T Pluggable connections from TE Connectivity (TE) are a pluggable power-distribution connector-cabling system that was recently developed under the pre-terminated systems series and is ideal for moist and wet environments.

The NECTOR T connections, which include 3-way and 4-way splitters as well as panel mount connectors, offer a complete solution for quick and easy power splitting. Installation is quick and versatile with both crimp and screw terminals, making them easy to install and repair using standard tools. By delivering pre-terminated cables, TE Connectivity will remove all labor involved with the transit and manufacturing of these goods.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Pre-terminated Systems Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Pre-terminated Systems Market across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Pre-terminated Systems Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

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Market Segments Covered in Pre-terminated Systems Market Analysis

By Offering:

  • Component
    • Cables
    • Connectors
    • Adapter Plates
    • Patch Panels
    • Patch Cords
    • Cassette Modules
    • Pigtails
    • Fiber Enclosures
  • Services
    • Design & Engineering Services
    • Installation Services
    • Post Installation Services

By Vertical:

  • Government & Defence
  • Enterprises & Data Centers
  • IT & Telecom
  • Energy & Utilities
  • Manufacturing
  • Banking, Financial Services, & Insurance
  • Retail
  • Media & Entertainment
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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https://theprose.com/post/543279/collaboration-tools-market-analysis-key-players-industry-segments-and-forecast-2022-2029

https://fromfostercaretoceo.mn.co/posts/29356508

https://d6united.mn.co/posts/29356521

https://the-trifecta-network.mn.co/posts/29356524

About Us

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

Contact:

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Portable Gas Detection Equipment Market Analysis, Growth Strategies & Comprehensive Forecast 2022 to 2032

The Portable Gas Detection Equipment Market revenues were estimated at US$ 1.6 Bn in 2021 and is anticipated to grow at a CAGR of 4.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 2.5 Bn. The United States is expected to have the highest market share of US$ 662.1 Mn by the end of 2032.

Increased shale gas production, as well as technical advances in extraction, are expected to drive market growth in the United States. Natural gas is becoming more popular as a transportation fuel due to growing petroleum prices and environmental concerns. As a result, the increasing number of natural gas filling stations is increasing the demand for natural gas detectors to prevent mishaps.

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Key Takeaways from the Market Study

  • Global Portable Gas Detection Equipment Market is expected to reach a market size of US$ 1.7 Bn by 2022.
  • The Non-Wearable segment, is expected to have the highest CAGR of 3.7% during the forecast period.
  • United States to remain the most dominant market with absolute dollar growth opportunity of US$ 227 Mn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 4.8% during the 2022-2032 forecast period.

“During the projected period, the increase in the incidence of hazardous gas leakages in various industries, increased demand for gas detectors integrated with IoT and AI technologies and rising environmental concerns will help in raising the Portable Gas Detection Equipment market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Portable Gas Detection Equipment Market are focused on R&D to produce innovative technological solutions.

  • In April 2020, MSA introduced the TG5000 Gas Monitor, which in a range of light industrial applications, it detects oxygen, flammable, and hazardous gases. The TG5000 Monitor, with its large LCD and four relay outputs, may operate completely independently or be linked to a control system through a 4-20 mA output.
  • In October 2020, Honeywell introduced a new gas detection system to assist semiconductor manufacturing plants and other businesses in monitoring job sites, protecting employees and assets, and reducing downtime. The Vertex Edge allows workers to quickly analyze gas readings, warnings, event logs, real-time trends, and overall system status. It also has a basic touchscreen with large display icons.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Portable Gas Detection Equipment Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Portable Gas Detection Equipment Market across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Portable Gas Detection Equipment Market Analysis

By Product Type:

  • Wearable Gas Detectors
  • Non-wearable Gas Detectors
    • Sniffer
    • Others

By End-Use:

  • Oil & Portable Gas
  • Mining
  • Industrial
  • Building Automation
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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Photonic Integrated Circuit Market Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022 to 2032

According to a recently published Future Market Insights report, the Photonic Integrated Circuit (PIC) Market revenues were estimated at US$ 1.1 Bn in 2021 and are expected to grow at a CAGR of 21.5% between 2022 and 2032. The market is expected to be worth $9.4 billion by the end of 2032.

During the last decade, photonic integrated circuits (PICs) technology has advanced rapidly in China. The Chinese market is expected to reach US$ 807.8 million, with an absolute growth opportunity of US$ 710.5 million between 2022 and 2032.

Several material platforms and technologies have been developed to produce photonic integrated devices for a variety of applications focusing on broadband communication, such as optical and wireless networks, optical interconnects, and optical coherent communication.

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Silicon Photonic MEMS, offers exceptional potential for low-power and high-performance photonic devices and lay the groundwork for efficient integration in very large-scale photonic integrated circuits, as required in programmable and reconfigurable photonic integrated circuits.

Many scientific accomplishments and breakthroughs have been produced with the assistance of these initiatives, including silicon photonics transceivers, InP-based transceivers, and optical and microwave signal processing devices. PICs technology is likely to be constantly supported over the next few years, since it is regarded as one of the essential enabling technologies for supporting various national significant assignments and strategies, such as broadband communication, supercomputing, and datacenter.

Key Takeaways from the Market Study

  • Global Photonic Integrated Circuit Market is expected to reach a market size of US$ 1.3 Bn by 2022.
  • The Hybrid Integration segment, is expected to have the highest CAGR of 21.5% during the forecast period.
  • United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.4 Bn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 23.6% during the 2022-2032 forecast period.

“During the projected period, the rise of Internet of Things (IoT), cloud, streaming video, and 5G adoption will benefit the Photonic Integrated Circuit (PIC) industry in the coming years.” comments a Future Market Insights analyst.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Photonic Integrated Circuits (PIC) Market are focused on R&D to produce innovative technological solutions.

  • In February 2022, Ayar Labs, a photonic chip provider with circuits that carry data between processors significantly faster than typical metal interconnects, announced a “multi-year strategic agreement” with Hewlett Packard Enterprise.
  • In October 2020, Sanan IC, the world’s largest LED manufacturer announced that it has inked a US$ 50 Mn Joint Venture Agreement with POET Technologies. Super Photonics Xiamen Co., Ltd, the company’s subsidiary, has also applied for registration. This is expected to offer transceiver module makers, systems vendors, data centre operators, and network providers throughout the world with a new generation of cost-effective, high-performance optical engines.
  • In May 2022, to increase reliability and performance across all operating scenarios, Cisco announced that it has combined new predictive technologies with its comprehensive portfolio of observability, visibility, and intelligence capabilities.

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Future Market Insights, in its new offering, presents an unbiased analysis of the Photonic Integrated Circuit (PIC) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Photonic Integrated Circuits (PIC) Market by Integration Type (Monolithic Integration, Hybrid Integration, Module Integration), By Application (Optical Communications, Sensing, Bio photonics, Optical Signal Processing), By Raw Materials (Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silica-on-Insulator, Others), By Components (Lasers, Modulators, Detectors, Attenuators, MUX/DEMUX, Optical Amplifiers) across regions (North America, Europe, Asia Pacific and RoW).

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Market Segments Covered in Photonic Integrated Circuits (PIC) Market Analysis

By Integration Type:

  • Monolithic Integration PIC
  • Hybrid Integration PIC
  • Module IntegrationPIC

By Application:

  • Optical Communications
  • Sensing
  • Bio-photonics
  • Optical Signal Processing

By Raw Materials:

  • Indium Phosphide
  • Gallium Arsenide
  • Lithium Niobate
  • Silicon
  • Silica-on-Insulator
  • Others

By Components:

  • Lasers
  • Modulators
  • Detectors
  • Attenuators
  • MUX/DEMUX
  • Optical Amplifiers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • RoW

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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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Weight Loss and Obesity Management Market to surpass US$ 4.99 billion by 2028, Says FMI

The growth of weight loss and obesity management market is attributed to the rising epidemic of obesity across the globe. According to the latest research by Future Market Insights (FMI), the global weight loss and obesity management market is anticipated to reach a valuation of over US$ 4.9 Bn, by the end of 2028. The weight loss and obesity management market is expected to expand at a steady CAGR of 5.2%, over the forecast period of 2018-2028.

Developing Regions More Prone to Obesity & Other Comorbidities

Increasing number of cases of obesity and related comorbidities will lead to the growing adoption of drugs and devices for weight loss and obesity management, which will further fuel the growth of the global weight loss and obesity management market during the forecast period.

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The weight loss and obesity management market is majorly driven by the rising prevalence of obesity. The rising epidemic of obesity presents a major challenge to disease prevention across the globe. It is estimated that by 2030, 38% of the world’s adult population will be overweight and around 20% will be obese.

This obesity epidemic is more prevalent in the Middle East and the Asia Pacific regions where food import is quite high. Weight loss and obesity management are helpful in the treatment of highly critical obesity and comorbidities associated with it, such as diabetes, asthma, sleep apnea, and hypertension, etc.

Increasing health consciousness is also cited as an important factor boosting the revenue growth of the global weight loss and obesity management market. Sizeable consumer population in developed regional markets will particularly continue to generate high demand for weight loss and obesity management practices, according to the report. Millennial and Generation-X consumers are gradually adopting advanced aesthetic services, including weight loss and obesity management, thereby creating adequate opportunities for manufacturers of weight loss and obesity management drugs and devices.

Key Players:

  • Novo Nordisk A/S,
  • GlaxoSmithKline plc.,
  • F. Hoffmann-La Roche AG,
  • Allergan Plc,
  • Johnson & Johnson Services, Inc,
  • Medtronic plc.,
  • Vivus Inc.,
  • Eisai Co., Ltd.,
  • ReShape Lifesciences, Inc,
  • Obalon Therapeutics,
  • Aspire Bariatrics,
  • Allurion Technologies Inc.,
  • Nalpropion Pharmaceuticals, Inc., and
  • Beijing Noble Laser Technology Co., Ltd.

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Key Vendors Targeting Extension of Product Portfolio

Leading companies operating in weight loss and obesity management market are majorly focusing on strengthening their product portfolio. Product line extensions help companies to launch newer products with unique features for specific indications. This results in an increased market share of companies in the highly competitive weight loss and obesity management market. In response to increasing demand from various healthcare professionals to effectively treat obesity with minimum long-term side effects, manufacturers are focusing on developing innovative and specific products.

Product innovation is expected to boost revenue and volume growth of the weight loss and obesity management market during the forecast period. For instance, an additional FDA patents approval for VIVUS, Inc.’s Qsymia, for the covering compositions of Qsymia and covering methods for effecting weight loss using Qsymia (phentermine and topiramate).

However, the high cost involved in research and development of obesity drugs is a great challenge for the growth of the weight loss and obesity management market. Additionally, long gestation time required for research and developmental activities as well as the need for a number of essential clinical trials to test drugs adds up to significant expenditure. The limitations posed by high development cost of anti-obesity drugs might hinder the growth of the global weight loss and obesity management market. Moreover, the high cost of surgical procedures, such as gastric bypass surgery, adjustable gastric banding, gastric sleeve surgery and gastric balloon treatment, may also affect the growth of the global weight loss and obesity management market adversely.

The global weight loss and obesity management market is estimated based on product type, and distribution sales. Based on product type, the weight loss and obesity management market has been segmented into drugs and devices.

Drugs product type segment is further segmented into GLP-1 receptor agonists, lipase inhibitors, serotonin receptor agonist, a combination drug, and others. Devices product type segment is further segmented into liposuction devices, bariatric stapling devices, gastric band, gastric balloon systems, gastric emptying systems, and gastric electrical stimulation systems.

Devices segment is expected to hold maximum market share in the global weight loss and obesity management market. Based on distribution sales, the weight loss and obesity management market has been segmented into institutional sales and retail sales. In terms of revenue, institutional sales dominated the global weight loss and obesity management market in 2017.

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Additional Questions Answered

Some of the additional questions addressed in this report on the weight loss and obesity management market-

  • What is the revenue potential of the weight loss and obesity management market across the regions of emerging economies?
  • Who are the key competitors in the weight loss and obesity management market and what are their portfolios?
  • What are the major challenges influencing the growth of the weight loss and obesity management market?

Segmentation

On the basis of product type

  • drugs
  • devices

On the basis of distribution sales

  • institutional sales
  • retail sales

On the basis of geographical

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)
  • emerging countries like China, Brazil, and India.

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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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Future Market Insights, Inc.
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Polypropylene Market Is Expected To See a growth of 4.5% | Future Market Insights

The COVID-19 induced subdued momentum, especially in construction and automotive sectors, is likely to hurt the interests of polypropylene market stakeholders in the short run, opines a new study by Future Market Insights (FMI)

Revising its market forecast to negative 2.1% (volume) for 2020, the ESOMAR-certified market research and consulting firm remains bullish on the long-term prospects of the market.

According to the study, “despite a bearish rally for polypropylene over the last three months, a more positive outlook for oil will pave way for brighter polypropylene settlements in the near term.”

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Polypropylene demand decline has been more pervasive vis-à-vis its other plastic variants in automotive and this will continue till resumption of manufacturing operations. However, high sales of spun-bound and meltblown polypropylene grades in the production of PPE and masks can offset some of the losses, opines FMI’s new study.

“The production of polypropylene requires a substantial amount of capital investment. Re-use and recyclability will not only reduce overall investment cost but also substantially reduce carbon emissions” says an FMI analyst.

Key Takeaways of Global Polypropylene Market Study

  • Polypropylene, being 20%-25% lighter than conventional plastic variants will witness robust demand in lightweight automotive category in the long run
  • With crude oil prices moving well below the US$ 30 per barrel, low purchase costs of feedstock such as propylene will offer lifelines to polypropylene manufacturers
  • Innovations in polypropylene packaging solutions continue to offer material savings to manufacturers up to 60%
  • Superior Fluid Catalytic Cracking (FCC) additives for optimizing feedstock yields of propylene are set to expand profit pools of refineries thus having a positive impact on overall growth of polypropylene market

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Competitive Landscape of Polypropylene Market

Borealis, one of the key players has been continuously extending support to all its partners in the polypropylene value chain to make the shift to polypropylene solutions that are viable in sustainable packaging.

Both Sabic and BASF have engineered newer processes to recycle polypropylene from a low-value, low-quality plastic to a pre-consumer plastic that can be effectively used in a number of food packaging applications. BASF has also collaborated with Jaguar to convert plastic waste into high-end automotive parts.

SCG has come out with a technology called as SMX that minimizes the utilization of plastic and paves way for applications in film packaging and chemical drums with more impact resistance and perforation.

Lucrative Market Conditions in China and India Make East Asia a Regional Goliath

East Asia’s prominence in the polypropylene market is likely to continue unabated owing to its fast growing automotive and construction sectors.

Another key factor driving growth of polypropylene market in East Asia is the focus of manufacturers on customization of product portfolio as per specific applications. In East Asia, polypropylene is being prominently used in BOPP film, injection moldings, and Raffia/Thermoforming.

With viral epicenters having shifted to countries such as India, demand for polypropylene grades is robust in packaging and medical applications. Production appetite for bottle caps and closures in medical, hygiene and pharmaceutical applications has led to significant improvements in the demand outlook for East Asia

Looking for More Information?

Market report on Polypropylene published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data for 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global Polypropylene market based on various categories–product grade (HP, RCP, ICP and TPO), and application (BOPP Film, Raffia/Thermoforming, Fibres & Filaments, Spun Bond Non-Wovens, Melt Blown Non-Wovens, Injection Moldings, Blow Moldings, Cast & Water Quenched Film, Cast & Water Quenched Film, Pipe & Sheet, and Transparent TPO). This study highlights the key market players, who are well-known market vendors, and have proven themselves as key shareholders in the global polypropylene market. Some of the market players included in the report are BASF SE, SABIC, Exxon Mobil Corporation, Lotte Chemical, LG Chem, Petro China Company Limited, Rongsheng Petrochemical Co., Ltd., Formosa Plastics Corporation, Japan Polypropylene Corporation, and Braskem, among others.

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Have a Look at Related Research Reports of Chemicals & Materials

PP Homopolymer Market: The global PP homopolymer market is currently valued at around US$ 61,591.5 Mn in 2022, registering growth at a healthy CAGR of 4.8%, exceeding US$ 98,431.4 Mn by 2032.

Polymer Emulsion Market: The global Polymer Emulsion market is relishing a market valuation of US$ 23,867.2 Mn in 2022, and all are set to expand with a CAGR of 6.1% during the 2022 – 2032 period.

Polypropylene Random Copolymers Market: The global polypropylene random copolymers market was worth US$ 8.3 Billion in revenue in 2021, and it is expected to grow at a CAGR of 5.8% between 2022 and 2032. As of 2022, the market is expected to be valued at US$ 8.8 Billion, projected to reach US$ 15.46 Billion.

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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Sodium Chloride Market Size & Industry Trends Report for 2031

The sodium chloride market is projected to showcase a moderate growth rate of 4.2% CAGR over the forecast period of 2021 – 2031 as per the analysis by Future Market Insights (FMI). The market will be driven by rising demand from various industries including chemicals, food and beverages, oil and gas, industrial, deicing, and water-treatment.

Globally, the chemical industry facilities have been the leading consumers of sodium chloride in recent years.  In North America and Europe, de-icing and food & beverage industries have emerged as key end users of sodium chloride.

While the market will grow at a steady rate over the next decade, the novel coronavirus (COVID-19) outbreak has left a detrimental effect. The pandemic is expected to affect consumer spending across various sectors such as food and FMCG.

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Furthermore, industrial salt is economically viable as compared to natural salt, which is further catalyzing the growth of the industrial salt sector. Chlorine is used as a primary source for chlorine and sodium hydroxide production, as it is extensively available and inexpensive.

Growth in the commodity chemicals market is expected to drive the consumption of solid sodium chloride, which in turn is expected to fuel the demand in the coming years. As such, the annual growth rate of the sodium chloride market is slated to decline during 2020-21, but is poised for sharp recovery over the next financial year.

Key Takeaways from Sodium Chloride Market Study

  • Driven by application across diverse industries, the global sodium chloride market is expected to rise at 4.2% CAGR between 2021 and 2031.
  • Expansion of the chemicals industry will create growth opportunities for the market. The chemical industry is likely to account for over 30% sales in the market by 2021.
  • China is a leading market for sodium chloride and is expected to reach a valuation of over US$ 8.4 Bn in 2021, owing to expansion in the chemical industry and rising food applications.
  • The U.S. will emerge as a key market, accounting for 80% sales in North America. The expansion of food processing sector will drive growth in the U.S.
  • Germany is a leading market for sodium chloride in Europe. Its valuation is expected to surpass US$ 1.3 Bn in 2021, owing to its role as a production and processing hub in the region.

“Sodium chloride production is anticipated to contract during the COVID-19 pandemic. However increasing production in parts of Europe and APAC is expected to stabilize supply shortages. Moreover, positive growth trends in multiple end-use industries are expected to drive the growth of the market over the coming decade,” says an analyst of Future Market Insights.

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Who is Winning?

The global sodium chloride market has been identified as a significantly fragmented market, with the large international players accounting for a limited share of the overall industry.

Market leaders are focusing on strengthening their product portfolio and expanding their market footprint through the acquisition of small-scale enterprises in the landscape.

Key manufacturers in the sodium chloride market include but are not limited to Cargill Incorporated, Compass Minerals International, K+S AKTIENGESELLSCHAFT, Wacker Chemie AG, Akzo Nobel N.V., Tata Chemicals Limited, Südwestdeutsche Salzwerke AG, INEOS GROUP HOLDINGS S.A., Dampier Salt Limited, Hindustan Ltd, Aashirwadh, Annapurna, Saboo Sodium Chloro Ltd, Hindustan Salts Ltd, Nirma Ltd., Merck KGah, GHCL Ltd., VM Chemicals, and Anish Chemicals.

Sodium Chloride Market Segmentation by Category

By Grade Type

  • Agricultural
  • Food
  • Industrial
  • Pharmaceutical

By Source

  • Sea Water & Brine
  • Solid

By product Form

  • Liquid
  • Solid

By End Use

  • Agriculture
  • Chemicals
  • Deicing
  • Food & Beverage
  • Industrial
  • Leather Industry

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More Valuable Insights

Future Market Insights, a research and consulting firm has published a market research report on the Sodium Chloride market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, type, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

About Future Market Insights (FMI)

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

Contact:

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Magnesium Carbonate Minerals Market Is Expected to reach US$ 1.02 Bn by 2030

Magnesium carbonate minerals are witnessing an upsurge in demand, owing to their application in multiple end-use sectors such as pharmaceuticals & personal care and construction. Magnesium carbonate minerals are used to produce raw materials that serve as refractory materials for steel, metallurgy, and ceramic industries. End users such as the chemical industry also use magnesium carbonate minerals to produce raw materials for plastic, polymers, paints, and fertilizers.

Magnesite, in meagre amounts, is also used as a gem and lapidary material. Moreover, there is an expected revamp in pharmaceutical and personal care industries, owing to the current Covid-19 pandemic, which, in turn, is anticipated to drive the magnesium carbonate minerals market in the near term. Refractory bricks & kilns and building & flooring materials are also paving way for robust sales.

The global magnesium carbonate minerals market is expected to surpass US$ 689.0 Mn in 2022, and is projected to expand at a CAGR of 5.1% over the forecast period (2022-2030).

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Key Takeaways from Global Magnesium Carbonate Minerals Market Study

  • Surging demand from pharmaceutical and personal care industries is expected to drive the market, owing to its application in the production of OTC drugs.
  • East Asia is expected to be prominent in terms of production, and North America and Europe will lead in terms of consumption over the decade ahead. Countries such as Belgium, the U.S., the Netherlands, Spain, Germany, France, and Italy are prime consumers of magnesium carbonate minerals.
  • Unique fire retardant properties of hydromagnesite are enabling its broader adoption as a flame retardant or fire retardant additive for polymers.
  • Flourishing chemical industries across the world are offering a conducive ground for magnesium carbonate minerals market players. Increasing demand from pulp & paper and paints & coatings industries are also offering white spaces.
  • Extensive use of magnesium carbonate in the production of magnesium oxide, which is used in the steel and cement industries as a refractory material, will augment market growth. Rapid growth in these industries is estimated to boost the demand for magnesium oxide.

“Countries all over the world are likely to enhance their medical, pharmaceutical, and personal care sectors as a consequence of the ongoing COVID-19 pandemic, which is expected to bring about multiple changes in these sectors. Magnesium carbonate minerals play an important role – directly and indirectly – in the pharmaceutical sector. Thus, over the coming years, the market is expected to witness demand growth.”

Magnesium Carbonate Minerals Market: Competitive Landscape

Players such as Konoshima Chemical Co., Ltd., Naikai Salt Industries Co., Ltd., Hebei Meishen Technology Co., Ltd, and Kyowa Chemical Industry Co. Ltd. have been strategically expanding their market presence through expansions and acquisitions in the recent past. These players are increasing their market presence gradually, rather than deploying aggressive growth strategies. R&D, coupled with expansion of production capacity, remains the key strategy followed by magnesium carbonate mineral manufacturers to enhance productivity and capture potential market opportunities.

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East Asia to Offer Opportunities of Growth and Profitability

East Asia is anticipated to hold a prominent share in the global magnesium carbonate minerals market, owing to the increasing demand from pharmaceutical and personal care industries, along with refractories. Manufacturers in East Asia are facing stiff competition, given the higher concentration of players in the region. Moreover, magnesium carbonate minerals have multiple end uses, hence, the market is likely to flourish in the years ahead. Easy availability of raw materials and cheap labour is poised to propel the magnesium carbonate minerals market in East Asia.

On the flip side, chemical and automotive industries in East Asia are under extreme pressure due to the coronavirus (COVID-19) pandemic. Uncertainty in the global economic order and capital markets is shrinking the profit pools of industrial executives. Chemical and automotive industries in East Asia are undergoing manufacturing standstills in order to avoid workers getting affected by the coronavirus, as well as address the demand drop from businesses and consumers during nationwide lockdowns. These factors are affecting the growth of the magnesium carbonate minerals market.

Looking for More Information?

The report on the magnesium carbonate minerals market published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global magnesium carbonate minerals market based on various categories – mineral form and end use, across seven regions. This study highlights key market players who are well-known market vendors, and have proven themselves as key shareholders in the global magnesium carbonate minerals market. Some of the market players included in the report are Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., and Ecolab Inc., among others.

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Have a Look at Related Research Reports of Chemicals & Materials

Calcium Carbonate Market: Demand for calcium carbonate is expected to witness a Y-o-Y growth of 5.1% and reach US$ 24.4 Bn by 2022. The growth trend is likely to continue and reach US$ 41.3 Bn by the end of the forecast period, reflecting a CAGR of 5.4% (2022 – 2032).

Carbonate Minerals Market: According to Future Market Insights (FMI), the global carbonate minerals market registered a year-on-year (YoY) growth of 5.6% in 2021. Demand in the carbonate minerals market is projected to grow at a CAGR of 6.0% between 2022 and 2029.

About Future Market Insights (FMI)

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

Contact:

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