Market Research Blog – Page 9404 – New Product Development

Electronic Stethoscope Market is expected to reach a valuation around US$ 259 Mn in 2022 | FMI

[263 Pages Report] Up from nearly half a million units sold in 2018, the global sales of electronic stethoscopes will observe a robust 7.2% growth in 2022. The electronic stethoscopes market is expected to create an incremental opportunity worth US$ 170.9 Mn between 2022 and 2029.

Key Manufacturers Continue to Strategize on New Product Launches in Electronic Stethoscopes Landscape

Almost 2/5^th of total adoption of electronic stethoscopes is registered at hospitals, the report underscores that there has been significant adoption by medical institutes in the recent past. In the next few years, medical institutes and ambulatory surgical centers are likely to create multiple opportunities for manufacturers of electronic stethoscopes.

More than half of the overall sales is accounted by amplifying electronic stethoscopes, as indicated by FMI’s analysis. While amplifying electronic stethoscopes provide results as accurate as digitizing electronic stethoscopes, the latter are associated with high maintenance owing to the presence of multiple electronic components. Amplifying electronic stethoscopes are thus expected to observe significant growth in revenue over the course of coming years.

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According to the report, the market attractiveness of amplifying stethoscopes is strongly backed by the increasing number of launches of new electronic stethoscopes by a number of small- and medium-sized companies. Electronic stethoscopes are rapidly replacing conventional variants across developed countries, predominantly owing to accelerated regulatory approvals.

eKuore had launched the first wireless stethoscope for medical use.
Eko had launched the first Android–connected digital stethoscope.
In April 2018, Steth IO launched a digital smartphone-enabled stethoscope.

According to the report, approximately 60% of the electronic stethoscopes that are sold are enabled with Bluetooth technology and an integrated chest piece system. The former is however poised to witness a higher rate of adoption over the coming years.

North America Continues to Lead the Global Market for Electronic Stethoscopes

North America holds a considerable revenue share in the electronic stethoscopes market. With advancements in technology and the presence of a large number of healthcare facilities, electronic stethoscopes are being widely used in the region. Their ability to provide amplified sound output as well as reduce external sound makes it easy for medical professionals to detect sounds and provide proper treatment to patients.

FMI’s study has profiled some of the key companies operating in the global electronic stethoscopes market, including Eko Devices, eKuore, GlobalMed, 3M, Welch Allyn, Ambisea Technology Corp., Meditech Equipment Co., Ltd, HD Medical, Thinklabs, ADInstruments, and Cardionics Inc.

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Electronic Stethoscope Market by Category Product:

Amplifying Stethoscopes
Digitizing Stethoscopes

End User:

Hospitals
Clinics
Medical Institutes
Ambulatory Surgical Centers
Homecare Settings
Medical Camps
Catheterization Laboratories

Application:

Integrated Chest-Piece System
Wireless Transmission System (Bluetooth)
Integrated Receiver Head-Piece System
Other

About FMI:

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

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Endoscopic Ultrasound Needles Market is expected to reach a valuation of US$ 223.5 Mn by 2027 | FMI

According to the latest study by Future Market Insights (FMI), global endoscopic ultrasound needles market size is projected to increase from a valuation of US$ 180.2 Mn in 2022 to US$ 223.5 Mn by the end of 2027

The endoscopic ultrasound needles market is witnessing the advent of wide range of products including technological advancements in FNA and FNB for solid lesions. Endoscopic ultrasound have gained wide acceptance among surgeons as minimally invasive procedure along with EUS guided needles as the safe and minimally invasive method driving endoscopic ultrasound needles market growth.

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Manufacturers in the endoscopic ultrasound needles market are focusing on new product launches for more precise diagnosis of tissues collected using needles. Gaining a greater share in the endoscopic ultrasound needles market with diverse portfolio is one of the key strategies of leading players.

As per the report, companies in the endoscopic ultrasound needles market are also focusing on collaborating for development and distribution of advanced endoscopic ultrasound needle products.

Key players in endoscopic ultrasound needles market are focusing on new product development in emerging regions including Latin America and Asia Pacific owing to the increasing prevalence of cancer and other chronic diseases.

Endoscopic Ultrasound-Guided Fine Needle Aspiration to Gain Popularity with Rise in Gastrointestinal Diseases

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According to the FMI report, Endoscopic Ultrasound-Guided Fine Needle Aspiration (EUS-FNA) is likely to account for largest share in the endoscopic ultrasound needles market. EUS-FNA gaining popularity for the diagnosis of gastrointestinal diseases and peri-gastrointestinal lesions. The wide application of FNA has also accelerated the growth in the endoscopic ultrasound needles market.

With the growing demand for minimally invasive procedures, doctors and surgeons are using EUS combined with FNA to collect sample fluid and tissue from chest and abdomen for diagnosis. It has also emerged as an alternative to exploratory procedure.

Meanwhile, in recent years studies conducted on Endoscopic Ultrasound-Guided Fine Needle Biopsy (EUS-FNB) have shown some promising results. As per the FMI study on endoscopic ultrasound needles market, FNB is emerging as the novel tool in diagnosis by providing information on tissue architecture.

As per the study, ambulatory surgical centres will use endoscopic ultrasound needles on a large scale owing to the rise in number of these centres and increasing number of endoscopic ultrasound surgeries performed in ambulatory surgical centres.

Being the minimally invasive and non-surgical procedure that can be performed through colon or upper GI tract, ambulatory surgical centers are gaining traction in the endoscopic ultrasound needles market.

Moreover, endoscopic ultrasound is generally considered safe when performed at ambulatory surgical centres with expert healthcare team. Various healthcare organisations are building ambulatory surgical centres within the premises in the healthcare facility offering wide range of services with technological advancements to achieve economies of scale.

Increasing number of ambulatory surgical centers are offering safe, cost-effective services, especially for gastroenterology, thereby, driving the demand in the endoscopic ultrasound needles market.

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Endoscopic Ultrasound Needles Industry Survey

Endoscopic Ultrasound Needles Market by Product:

Aspiration Needles (EUS-FNA)
Biopsy Needles (EUS-FNB)

Endoscopic Ultrasound Needles Market by Application:

Bronchial EUS Needles
Enteral EUS Needles

Endoscopic Ultrasound Needles Market by End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

Endoscopic Ultrasound Needles Market by Region:

North America Endoscopic Ultrasound Needles Market
Latin America Endoscopic Ultrasound Needles Market
Europe Endoscopic Ultrasound Needles Market
East Asia Endoscopic Ultrasound Needles Market
South Asia & Pacific Endoscopic Ultrasound Needles Market
Middle East & Africa (MEA) Endoscopic Ultrasound Needles Market

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Laboratory Furnaces Market Size : The global laboratory furnaces market is set to surpass US$ 545.1 Mn in 2032 from a valuation of US$ 327.0 Mn in 2022.

Battery Testing Equipment Market Share : The global battery testing equipment market is projected to have a moderate-paced CAGR of 4% during the forecast period.

Food Tester Market Growth : Global food tester market worth is expected to rise at a rate of 8% per year to US$ 42.81 Billion by 2032

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Fabric Freshener Market is Expected to Grow at 6% CAGR Over 2022-2032

The global fabric freshener market size to reach a valuation of US$ 3.4 Bn, exhibiting a CAGR of 6% in the forecast period 2022-2032.

The global textile industry is considered as one of the largest industries in the global market. In 2017, the industry was valued at US$ 3 trillion, which also includes the production, refinement, as well as sale of synthetic and natural fibers that are used in various industries.

The global textile market is segmented into fiber, yarn, fabric, and garments. China accounts for a significant production share in the textile products market. The fabric industry has large-scale application in both, the household and industrial sectors.

With continuous improvements being implemented in fabric products, the target segment/target customers look for ways or any kind of product that could help maintain the quality of the fabric for a longer time. As a result, fabric-related products such as fabric fresheners have been gaining traction in the global market. Fabric fresheners are used on carpets, upholstery, rugs, or any kind of clothing in order to avoid or eliminate odours quickly.

Fabric-oriented products such as rugs, carpets, and curtain kinds of woolen cloths are found in a majority of households as well as in the commercial sector. However, over the course of time, these fabric-oriented products get musty or smelly, which requires maintenance at regular intervals.

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For maintaining these fabric products, fabric fresheners have been gaining traction in the global market. Fabric fresheners are being designed to eliminate any odour originating from sticky couches, musty carpets, and unwashed curtains.

With the continuous evolution of fabric freshener products, companies have been strategizing on adding additional features to their existing products. Some of the newly featured fabric fresheners not only eliminate the odours on fabric but also act as a pest control against various insects on these materials.

Fabric Freshener Market: Key Players

Some of the key players operating in the global fabric freshener market are Procter & Gamble, Henkel Corporation, JAY Manufacturing, Reckitt Benckiser, Clean Control Corporation, Deb Group Ltd, Grow Fragrance Inc., and The London Oil Refining Co Ltd., among others.

Fabric Freshener Market: Key Trends

Manufacturers of fabric freshener products have been strategizing on promoting their products and services in order to increase their customer base in the global market. Along with key promotional activities, some of the fabric freshener companies have been executing key acquisitions in order to gain a larger customer base.

Fabric Freshener Market: Key Developments

In 2017, Procter & Gamble Co. initiated a nationwide campaign on its fabric freshener brand, i.e. Febreeze, for the North American and European markets.
In 2016, Henkel Corporation acquired major shares of The Sun Products Corporation, which specializes in the production of various fabric freshener products for the household sector.

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Opportunities for Fabric Freshener Market Participants

Over the past couple of years, industrialization has been surging at a significant rate in various parts of the world, especially in the Asia Pacific region. With the rise in the commercial sector, it becomes necessary for owner to maintain their office with proper hygienic and also make them environmentally-friendly.

Due to this, these commercial sectors have been looking ways and even buying several hygienic products to maintain their offices. This important factor paves a critical opportunity for the fabric freshener market to gain traction over the forecast period.

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

The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Fabric Freshener Market
Technology
Value Chain of the Fabric Freshener Market
Market Drivers and Restraints

Regional analysis includes

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

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Fabric Freshener: Market Segmentation

On the basis of product type, the global fabric freshener market has been segmented as –

Regular
Perfumed

On the basis of end use, the global fabric freshener market has been segmented as –

Households
Commercial
Offices and Industrial Sector
Hospitality Industry
Public Facilities
Others

On the basis of the distribution channel, the global fabric Freshener market has been segmented as –

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Independent Stores
Online Store
Others

About Future Market Insights, Inc.
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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Pharmaceutical E-commerce Market is Expected to Grow at a 14.3% CAGR Between 2022-2032

The global pharmaceutical E-commerce market is estimated to reach US$ 72.1 Bn in 2022. The market size is projected to surpass US$ 273.6 Bn by 2032, at a CAGR of 14.3% over the forecast period 2022 to 2032.

In response to the coronavirus pandemic, consumer buying patterns have shifted, internet penetration has increased, and healthcare infrastructure has been established across emerging economies. Further, looking at the wide acceptance towards the online platform, large hospital chains are offering home delivery of medicine along with medical consultation.

Online care and pharmaceutical retail are now an important component of the overall health care delivery system. The increasing expectation for lower prices, regulatory changes, and discounts and offers available at online retail channels will boost sales in the market over the forecast period.

“Wide availability of OTC drugs and medical devices at online channels, along with increasing penetration of digital devices in emerging economies will drive the growth in the market,” says an FMI analyst.

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Key Takeaways:

The global pharmaceutical E-commerce market is expected to gain traction at an impressive 14.3% CAGR, in comparison to the 15.6% CAGR registered between 2017 to 2021.
Based on product type, sales of OTC drugs are expected to remain high.
The U.S. will continue dominating the North America pharmaceutical e-commerce market over the forecast period due to high adoption of digital services in the healthcare sector.
China will lead the East Asia pharmaceutical e-commerce market amid surging demand for at-home delivery of medial devices.
India will emerge as an attractive market owing to rising government initiatives regarding digital services in the healthcare and pharmaceutical sectors.

Competition Landscape

Mergers and acquisitions, as well as product development and innovation, are among the key strategies used by manufacturers to improve sales. Further, companies are coming up with discount offers to gain new customers.

Key players operating in the global pharmaceutical e-commerce market are Netmeds Marketplace Ltd., EasyMedico, Medlife, Amazon.Inc, Apotek, The Kroger Co., Walgreen Co., Giant Eagle, Inc., Walmart, Express Scripts, CVS Health, Optum, Inc., L Rowland & Co (Retail) Ltd, Zur

Rose Group AG, McKesson Corporation, SHOP-APOTHEKE EUROPE N.V., UK Meds Direct Ltd., Walgreens Boots Alliance, Inc., DocMorris among others.

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Segments:

By Product Type:

Prescription Medicine
Over-The-Counter Product

By Region:

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

Benign Prostatic Hyperplasia (BPH) Prostate Treatment Market is expected to rise at a steady CAGR of 4.7% from 2022 to 2028 | FMI

[252 Pages Report] The approximately US$ 25 Bn market for benign prostatic hyperplasia prostate treatment is likely to expand at 4.6% CAGR during 2018-2028, according to a recent research report of Future Market Insights (FMI). The report has envisaged steady growth prospects for the revenue of global benign prostatic hyperplasia prostate treatment market through 2028.

The World Population Prospects’ data (2017) projected that the number of individuals aged 60 years and above will double by 2050, and triple by 2100. With such a high pace estimated for the growth of population aged 60 years and above, it is more likely that the prevalence of aging related health conditions will also increase at a considerable pace in the years to come. A high prevalence rate of benign prostatic hyperplasia (BPH) in men, the demand for improved and more effective treatment options continues to increase at a high rate.

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Alpha-blockers & Drugs for Lower UTIs Remain Pivotal in Benign Prostatic Hyperplasia Prostate Treatment

The drug treatment has been vital in treating benign prostatic hyperplasia conditions and lower UTIs, which has been attributed to widespread availability of drug-based benign prostatic hyperplasia prostate treatment. This factor, in particular, will play an instrumental role in driving the growth of the benign prostatic hyperplasia prostate treatment market during the forecast period. Drugs will remain the first choice of treatment for benign prostatic hyperplasia.

Benign prostatic hyperplasia increases the risk of other disorders as well. The most common disorder caused due to benign prostatic hyperplasia is lower UTI (urinary tract infection) for which, Alpha-blockers constitute the first line of treatment. However, other drugs are also available in the market, which offer relief from the benign prostatic hyperplasia symptoms. Other drugs include alpha reductase inhibitors, phosphodiesterase-5 (PDE-5) inhibitors, muscarinic receptor antagonists, and combination drugs.

Key Players:

Pfizer, Inc.,
Valeant Pharmaceuticals Inc.,
Novartis AG,
Bayer AG,
Sanofi S.A.,
GlaxoSmithKline plc.,
Bristol-Myers Squibb and Company,
Teva Pharmaceutical Industries Ltd,
Mylan N.V.,
Merck & Co.,
Cardinal Health Inc., and
Eli Lilly and Company among others.

Additional Questions Answered

Additional questions addressed in this benign prostatic hyperplasia prostate treatment market report are:

What is the revenue potential of the benign prostatic hyperplasia prostate treatment market across North America and Europe?
Who are the key players and what are their product portfolios in the benign prostatic hyperplasia prostate treatment market?
What are the major challenges impacting the growth of the benign prostatic hyperplasia prostate treatment market?
How is the involvement from key regulatory bodies shaping the growth of the benign prostatic hyperplasia prostate treatment market?

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Demand for Benign Prostatic Hyperplasia Prostate Treatment Higher in Developed Regions, Patient Pool Expanding Steadily in Developing Markets

Owing to significantly growing prevalence of benign prostatic hyperplasia in North American men, benign prostatic hyperplasia prostate treatment market is expected to witness strong growth within the region, followed by Europe.

Extensive availability of benign prostatic hyperplasia prostate treatments, increasing clinical trials, improving R&D scenario, higher healthcare spending, and favorable government initiatives will continue to assist the growth of the benign prostatic hyperplasia prostate treatment market in developed regions.

On the other side, Asia Pacific’s benign prostatic hyperplasia prostate treatment market is foreseen to witness significant growth, owing to steadily expanding patient pool due in the region.

UroLift System to Revolutionize the Competitive Landscape of Benign Prostatic Hyperplasia Prostate Treatment Market

Teleflex Incorporated’s NeoTract recently launched UroLift® System as a highly effective, least invasive option for benign prostatic hyperplasia prostate treatment. The UroLift® System is permanently implanted via a transurethral outpatient procedure and predominantly relieves prostate obstruction, which is one of the primary symptoms of benign prostatic hyperplasia. The company has also declared insurance coverage for UroLift® System. While the coverage is being provided by Humana, it is most likely to improve awareness about increasing availability and broadening access of minimally invasive treatment methods in urological conditions such as benign prostatic hyperplasia. This in turn will encourage adoption of UroLift® System among patients seeking effective benign prostatic hyperplasia prostate treatment.

A majority of patients with enlarged prostate continue to perceive medication and surgery as the only available treatment alternatives. However, an increasing number of physician recommendations is advocating the use of The UroLift® System as it eliminates side effects associated with other conventional options of benign prostatic hyperplasia prostate treatment.

For more insights on the overall performance of global benign prostatic hyperplasia prostate treatment market through 2028, write to press@futuremarketinsights.com

Key Segment

Based on treatment type

alpha-blockers
alpha reductase inhibitors
phosphodiesterase-5 (PDE-5) Inhibitors
muscarinic receptor antagonist
combination drugs

Based on distribution channel

institutional sales
retail sales
online pharmacies

About FMI:

Plant Derived Proteins Market is estimated to reach US$ 105 Mn by the end of 2022 | FMI

[273 Pages Report] Production and commercialization of biopharmaceutical proteins with higher therapeutic efficacy have formed a progressive landscape that continues to push the growth of plant derived proteins market. A new Future Market Insights (FMI) report forecasts that the plant derived proteins market will experience a major upturn towards 2029, reaching a value of around US$ 185 Mn. Production of three main therapeutic protein classes, including antibodies, vaccines, and replacement proteins such as albumin, insulin, growth factors, and cytokines will remain industry’s prime focus area.

Plant derived proteins are recognized as natural and environmentally-sustainable than microbial and mammalian cells. Owing to these benefits, there has been an increasing demand for such proteins from biopharmaceutical companies, as raw materials for therapeutic drug production, creating an absolute opportunity for growth of the plant derived proteins market.

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Attribute	Details
Plant Derived Proteins Market Estimated Size in 2022	US$ 105 Mn
Plant Derived Proteins Market Projected Size in 2029	US$ 184.3 Mn
Plant Derived Proteins Market Historical CAGR (2014-2021)	7.6%
Plant Derived Proteins Market Value-based CAGR (2022-2029)	8.4%

Key Takeaways of Plant Derived Proteins Market Study

The production of therapeutic proteins for disease treatment will gain traction, contributing more than 70% to global market revenues in 2029.
Owing to low setup cost, transient plant expression systems (carrot or tobacco) remains preferred among protein manufacturers.
Regenerative medicine-therapeutic agents continue to be the leading application area, on the back of their relatively cheap price point.
Biopharmaceutical companies represent the leading consumer industry of plant derived proteins, with over 50% share in market throughout the forecast period.
North America continues to lead, whereas East Asia holds the promise of lucrative opportunities, owing to several healthcare programs.

Acquisition Key Strategy Followed by Leading Market Players

Leading manufacturers in the plant derived proteins market are focusing on regional acquisition strategy to enhance their product portfolio and expand their regional presence. For instance, in 2017, Denka buys pharming pioneer Icon Genetics, which is a leading manufacturers of therapeutic proteins in plants. In 2014, Kentucky BioProcessing, Inc. was acquired by Reynolds American Inc., which is a wholly owned subsidiary of tobacco manufacturing company British American Tobacco plc.

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Interested in more insights on the build-up of plant derived proteins market?

Plant derived proteins market, a new study from future market insights, opines on the production of plant derived proteins from 2014 – 2018 and presents demand projections from 2019 – 2029 on the basis of; plant type (tobacco, carrot, rice, barley and others), protein type (industrial proteins & enzymes, therapeutic proteins cell culture functional proteins and others), application (regenerative medicine-therapeutic agents, regenerative medicine-functional material, cell culture application and others), platform (in-vitro culture system, whole plants and others) and end user (biopharmaceutical companies, academic & research institutes, contract research organization (CROS), contract manufacturing organization (CMOS)) across seven prominent regions.

The global plant derived proteins market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Plant

Tobacco
Rice
Carrot
Barley
Others

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Protein

Industrial Proteins& Enzymes
Therapeutic Proteins
Blood Proteins
Cell Culture Functional Proteins
Others

Platform

In-vitro Cell Culture Systems
Whole Plants
Others

Application

Regenerative Medicine-Therapeutic Agents
Regenerative Medicine-Functional Material
Cell Culture Application
Others

End User

Biopharmaceutical Companies
Academic & Research Institutes
Contract Research Organization (CROs)
Contract Manufacturing Organization (CMOs)

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Lung Cancer Surgery Market is expected to reach US$ 1.98 Bn by 2029 | Exclusive Report by FMI

[252 Pages Report] Over 2 million new cases of lung cancer were registered globally by the end of 2021, as reported by the American Cancer Society, Inc. The global lung cancer surgery landscape currently represents a US$ 1 Bn market and will expand at a strong CAGR during the period of projection, 2022 – 2029. A new Future Market Insights (FMI) report states that the use of techniques that are minimally invasive, video assisted, and robot assisted is growing, which is shaping the future of lung cancer surgery market.

Robotic thoracic surgery would remain highly preferred over traditional surgical techniques, as it offers higher magnification, more precision, and eliminate the need for large-incision operations. Development of new surgical robots may cut down the cost of devices and increase shift towards robotic lung cancer surgery. Introduction of new imaging techniques for enhancing visualization, angled lenses for enhanced accessibility, and end staplers will continue to enhance the video-assisted lung cancer surgery procedure.

Intuitive Surgical is the sole player in robotic lung cancer surgery market with its DaVinci system. Medtronic and Johnson & Johnson are developing surgical robots and are challenging the monopoly of Intuitive Surgical in lung cancer surgery market.

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Key Takeaways – Lung Cancer Surgery Market Study

Introduction of powered and tissue-specific endoscopic stapling technology provides significant benefits to reduce cost, resource usage, improve clinical outcome compared to manual staplers.
- In September 2022, Johnson & Johnson launched ECHELON CIRCULAR™ Powered Stapler for thoracic, colorectal, and gastric surgery.
- In March 2016, Intuitive Surgical Inc. got U.S. FDA approval for its da Vinci Xi Endowrist Stapler 30 (30 mm) instruments and reloads.
Key market players are focusing on the development of new robot-assisted thoracic surgery system. Partnerships & collaborations with best in class surgical device and visualization technology developers are the strategic focus of manufacturers. For instance,
- Medtronic partnered with Karl Stroz, a best in class endoscopic imaging devices manufacturer. In June 2022, Medtronic announced its upcoming robotic-assisted surgical platform including three-dimensional vision systems from Karl Stroz.
East Asia is expected to be the prominent region in the lung cancer surgery market during the forecast year. This is attributed to high prevalence of lung cancer in China & Japan increasing the demand for lung cancer surgery. According to the International Agency for Research on Cancer, from overall cancer patients in China and Japan, around 18.1% and 16.8% patients respectively were having lung cancer.

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Development in robotic thoracic surgery platforms and innovation in tissue-specific endoscopic stapling and vessel sealing techniques to reduce endoleak complications will further broaden the growth prospects of the lung cancer surgery market.

Product Portfolio Expansion to Increase Global Footprint

Manufacturers are adopting product portfolio expansion strategy to increase their footprint in the global lung cancer surgery market. Market players such as Pentax Medical, Olympus, Johnson & Johnson, Intuitive Surgical Inc. are continuously focusing on new product launches and regulatory approvals. For instance,

In July 2016, PENTAX Medical launched new DEFINA high-definition pulmonology endoscopy system for crystal clear imaging during surgical procedures.
In April 2018, Intuitive Surgical Inc. received U.S. FDA clearance for da Vinci Vessel Sealer Extend single-use, the fully wristed bipolar electrosurgical instrument for lung cancer surgery procedures such lobectomy, segmentectomy, and wedge resection.

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Lung Cancer Surgery Market by Category By Product:

Thoracoscopes
Mediastinoscopes
Bronchoscopes
Robotic-Assisted Thoracic Surgery Systems
Surgical Staplers
Surgical Energy Instruments
- Advanced Energy Instruments
  - Advanced Bipolar Instruments
  - Ultrasonic Instruments
- Basic Energy Instruments
  - Bipolar Instruments
  - Monopolar Instruments

By Application:

Lobectomy
Segmentectomy
Wedge Resection
Pneumonectomy

By End-User:

Hospitals
Ambulatory Surgical Centers

By Region:

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

About FMI:

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Car Seat & Accessories Market is Anticipated to Secure A CAGR of 4.5% During The Forecast Period

The car seat and accessories demand is anticipated to be valued at US$ 5 Billion in 2021, and is expected to reach US$ 5.3 Billion by 2022. The market is further forecast to grow at a CAGR of 4.5% to be valued at US$ 8.3 Billion from 2022 to 2032. Growth is attributed to an influential automotive industry well-entrenched in terms of technology and product offering.

The global automobile industry is well established globally and has been steadily evolving in terms of technology and product offerings to cater to the large customer base around the globe. Moreover, it plays a pivotal role in driving the economic growth of any developing or developed country.

As a globally prominent industry, it is critical that the automotive industry stays ahead of the curve in terms of technology, with ongoing developments in automotive components and products. Car seats and accessories are examples of such components that have undergone constant development at regular intervals.

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Global Car Seat and Accessories Market: Market Participants

Some of the key players operating in the global car seat and accessories market are Pheonix seating limited, Morrck Ltd., Clek Inc., Britas Römer, RDM Group, Amvian Automotive (Pvt.) Ltd., Diono LLC and Lear Corporation, among others.

Car Seat and Accessories Market: Key Developments

In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets

In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.

Car Seat and Accessories Market: Key Trends

Prominent car seat and accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.

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Opportunities for Car Seat and Accessories Market Participants

Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.

Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.

Brief Approach to Research for Car seat and Accessories Market

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.

The study is a source of reliable data on

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

Tissue Engineered Skin Substitute Market is expected to reach US$ 4.13 Bn by 2029 | FMI

[248 Pages Report] Rapid expansion of wound management space has argued well for the growth in demand for tissue engineered skin substitutes. The global tissue engineered skin substitute market is projected for a robust 9.6% CAGR during 2022 – 2029, predominantly driven by high applicability in diabetic foot ulcers and other chronic wounds.

With advent of tissue engineering and improved ability to combine advanced manufacturing technologies with biomaterials and cell culture systems, more biomimetic tissue constructs have been emerged. Technological advancements are leading to production of advanced tissue engineered skin substitutes. 3D bioprinting and biotextile are emerging as popular biofabrication strategies for creating bioengineered skin substitutes. A team of researchers in the U.S. recently discovered a technology for complete 3D printing of the living skin along with blood vessels. Emergence of such revolutionary fabrication technologies will create a massive opportunity in the global market.

Despite breakthrough innovations assisting the growth of market, certain limitations are still there. The inability of tissue engineered skin substitutes to produce skin appendages such as hair follicles, sebaceous glands, and nails continues to remain among the most concerning challenges facing R&D teams

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Key Players :

Smith & Nephew plc.
Acelity L.P. Inc.
Mölnlycke Health Care
Integra Life Sciences
Allergan plc
Regenicin
Organogenesis Inc.
MiMedx
LifeNet Health
Kerecis
Medline Industries, Inc.

Key Takeaways – Tissue Engineered Skin Substitute Market Study

With increasing researches in tissue engineering, the demand for biologic skin substitute is expected to increase in the forecast period. For instance, a team of engineers at the California Institute of Technology (Caltech) and ETH Zurich have developed an artificial skin made from pectin, a naturally occurring long-chain molecule present in plant cell walls allowing the construction of natural and new dermis.
Increasing prevalence of diabetes and chronic wounds is boosting the demand for tissue engineered skin substitutes.
The demand for tissue engineered skin substitutes in emerging economies such as China and India is expected to increase owing to increasing incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.

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tissue engineered skin substitute market

Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Seeking More Insights?

Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 – 2021 and presents demand projections from 2022 – 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Tissue Engineered Skin Substitute Market by Category By Product:

Acellular Skin Substitutes
- Acellular skin substitutes based on Amniotic Membrane
- Other Acellular skin substitutes
Biologic Skin Substitute
- Allograft
- Xenograft
Cellular Skin Substitutes
- Cellular skin substitute based on amniotic membrane
- Other cellular skin substitutes

Synthetic Skin Substitutes

By Material:

Synthetic
Natural

By Application:

Chronic Wounds
- Venous leg Ulcers
- Diabetic Foot Ulcer
- Pressure Ulcers
Acute Wounds
- Traumatic Wounds
- Burn Cases
Other Applications

By End User:

Hospital
Specialty Clinics
Ambulatory Surgical Centers
Research Laboratory

About FMI:

Metal Polish Products Market is Expected to Rise at 5.7% Value CAGR by 2032

The metal polish products market forecasted to register 5.7% CAGR during the forecast period (2022-2032) & projected to reach US$ 23.5 Bn by 2032.

Increasing use of various metal alloys in furniture, machinery, and other metal items is anticipated to significantly boost the market over the course of the forecast period.

Metal products are polished to create a reflective surface, inhibit the contamination of instruments, prevent the corrosion of pipes, remove oxidation as well as enhance the appearance of any item. Metal polish products are used to remove oxidation from metal objects with a motive to prevent the metal from getting corroded and increase its lifespan.

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Metal polish products are gaining traction in the market, owing to the high use of metals in furniture, antiques and machinery. The use of metal polish is not only limited to clean metals and restore shine, but it also helps in removing a layer of oxidation as oxidized metal has a bad finish, looks dull and stains easily.

Rising consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products is a key contributing factor to the growth of the metal polish products market. The supply-side participants in the metal polish products market are engaged in the innovation of new products to cater to the consumer demand and thereby complement the growth of the metal polish products market.

Technological Advancements & New Product Innovation drive the Adoption of Metal Polish Products

The global metal polish products market has been registering rapid growth, owing to the use of different metal alloys in machinery, furniture and other metal products due to their cheaper cost and high efficiency. Metal polish products are available in different forms such as foam, tablet, gel, spray and liquid, depending upon the application.

The rising awareness about the availability of these products also complements the growth of the metal polish market. Metal polish products are used to safely clean, protect and shine metal surfaces without causing damage. Recently, a sudden hike in the demand for metal polish products has been observed, owing to their versatile nature, to remove tarnish, clean surface dust, prevent corrosion and surface rust and inhibit oxidation. Metal polish products find a wide range of applications in various metals such as silver, gold, aluminum, stainless steel, bronze, chrome, brass and more.

Metal Polish Products Market: Market Participants

The key market participants identified across the value chain of the metal polish products market are Tri-Peek International Limited, Rubbedin cleaning products, Canadian Tire Corporation, Limited., California Custom Products Inc., Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., Diversified Chemical Technologies, Inc., White Diamond Detail Products, Weiman Products, LLC., Wizards Products, Turtle Wax, Inc., Halfords Limited, Menzerna polishing compounds GmbH & Co. KG and Cyclo Industries, Inc., among others.

Opportunities for Metal Polish Products Market Participants

Globally, the metal polish market has been witnessing significant growth, owing to the rise in the demand for cleaning and polishing products. The market is governed by the innovation of new products, owing to advancement in technology, as a result of which the manufacturers of metal polish products market keep adding new products to their portfolios.

The supply-side participants of the metal polish products market are focussed on making their products more efficient and cost-effective. The emergence of e-commerce and the influence of TV commercials also play a major role in driving the growth of the metal polish products market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, end-use & sales channel.

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The study is a source of reliable data on:

Metal Polish Products Market segments and sub-segments
Metal Polish Products Market trends and dynamics
Supply and demand
Metal Polish Products Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Metal Polish Products Market: Segmentation

On the basis of form, the metal polish products market has been segmented as:

Liquids
Sprays
Gels
Tablets
Foam

On the basis of end use, the metal polish products market has been segmented as:

Households
Industrial
Metal Manufacturing

On the basis of sales channel, the metal polish products market has been segmented as:

Hypermarkets
Supermarkets
Independent Retailers
Multi Brand Stores
Specialty Retail Stores
Online Sales
Company Website
3rd Party Online Sales