Market Research Blog – Page 9481 – New Product Development

Animal Theme Park is Expected to Grow at a 5.59% CAGR in 2032 Due to the Animal lovers all over the world: FMI

The Animal theme park is estimated to reach a valuation of US$ 83.5 Bn in 2022. Sales are projected to increase at a 5.59% CAGR, with the market size reaching US$ 143.16 Bn by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Animal theme parks and they are hence seeing a lot of visitors. Also animal lovers who have the urge to learn about new animals, extinct animals and also some unknown animals are trying to visit more and more animal theme parks around the world.

Every industry in this word has been criticized in some way or the other. The Animal Theme Park is criticized by animal activists because of how animals are ill-treated while performing some acts, how sea mammals are trapped inside aquariums and are not free to be in their natural habitats.

“The Animal Theme Parks industry is expanding globally because of the rise in animal lover worldwide. “- Says an FMI analyst.

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Key Takeaways:

Ocean animal theme parks are the most visited animal theme parks globally. There has been a rise in recent years because of the urge to learn more about the marine life. But animal activists are protesting because the sea animals are enclosed in cages and aquariums.
The online booking segment has contributed majorly to the Animal Theme Park. It is due to the rise in digital marketing, discounts available etc.
More number of adults are booking tickets to visit the Animal Theme Park. Mostly adults who love animals, and want to learn more about the animal and sea world.
Animal Theme Parks attract domestic and international tourists equally. They have a lot of tourist attractions like amusement rides, different and some regional dishes, merchandise, overnight stay in the theme parks etc.

Impact of COVID-19 on the Animal theme park

The COVID-19 epidemic struck in 2020 just as the big theme park firms were all off to excellent starts. This caused profits to drastically decline. As theme parks all around the world were forced to stop permanently due to the coronavirus outbreak, initially positive trends in attendance and income suddenly turned into significant losses. The objective of the theme park industry will no longer be to draw as many visitors as possible and make the best use of available space due to the COVID-19 pandemic.

The covid-19 pandemic saw a rise in domestic tourists visiting the Animal Theme Parks because there were international travel bans. The concept of staycation became very popular and hence, in turn saw a rise in footfall to Animal Theme parks.

Who is winning?

Leading players of the animal theme park are focusing on sustainability of the nature, wellness of the animals and promoting their theme parks.

Major players present in the loyalty programs in the tourism sector market are Disney’s Animal Kingdom, Busch Gardens Tampa Bay, Chessington World of Adventures, Happy Hollow Park and Zoo, Aquatica, Sea World, Jerusalem Biblical Zoo, Bronx Zoo, Indianapolis Zoo, Night Safari, Jurong Bird Park, York’s Wild Kingdom, Warrawong Sanctuary, Bhindawas Wild Life Sanctuary, Bhimashankar, Elephant Nature Park among others.

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The Animal Theme Parks Overview by Category

By Type:

Ocean Animal Theme Parks
Terrestrial Animal Theme Parks

By Application:

Children
Adult

By Revenue Model:

Ticket
Food & Beverage
Merchandise
Hotels/Resorts
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

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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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Vacation Ownership Market 2022 – Future Plans and Industry Growth with Quantitative And Qualitative Analysis

The Vacation Ownership market is expected at US$ 11.2 Billion in 2022 and is projected to reach US$ 32 Billion by 2032, at a CAGR of 7.30 % from 2022 to 2032.

In the forecast period, there will be fast progress and a greater push for the Vacation Ownership market. Vacation ownership also known as timeshare, offers the opportunity to share the ownership of vacation accommodation generally resorts or cooperatives in popular domestic or international tourist destinations.

The vacation accommodation is shared by several owners, each of them has a time period to hold the right to use in a year. Owners may reserve a specific resort apartment or the entire resort for a predetermined amount of time.

The most lucrative industry is timeshare lodging since the owner has exclusive use of the property for a set period of time, usually a few weeks during a particular season. Major international hotels have also entered this market and are creating a wide variety of options in various locations to take advantage of the rising popularity of timeshare accommodations.

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Key takeaways

The vacation ownership market will be rising due to the fast-growing urbanization and economic growth are some of the reasons.
Based on the tour type, the point-based vacation ownership will remain high over the forecast period due to flexibility in decision making and the availability of greater benefits.
In terms of tour type, the package travelers are estimated to account for the relatively highest value share in the Global incentive tourism market.
By booking channel, the online booking section is expected to hold a major share in the market because it is more convenient and flexible for everyone.
Companies and travelers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online.
In terms of a tourist type, the package travelers are estimated to account for the relatively highest value share in the Global incentive tourism market
In terms of age group, demand in the 26-35 segment will continue fast traction through 2032.

“Global Vacation Ownership market will rise in the forecast period as the number of companies providing timeshare is rising.” – FMI Analyst said.

Impact of COVID-19 on Vacation Ownership Market

The COVID-19 outbreak has affected economies and trades in various countries due to lockdowns restrictions, travel bans, and business shutdowns. The overall global marketplace breakdown due to COVID-19 is also affecting the growth of the market due to the shutting down of factories, obstacles in the supply chain, and the decline in the world economy.

The vacation ownership market has incorporated emergency health care measures and restrictions enforced on social movements around the world. Beaches and resorts are empty, people’s movements are stopped, and traveling between territories is strictly controlled. The COVID-19 lockdown around the world has imposed a negative impact on the livelihood of people and the world economy as well.

Who is winning?

Leading players in the Vacation Ownership Market are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve sales in the market.

Major players present in the Vacation Ownership Market are Wyndham, Marriott Vacations Worldwide, Hilton Grand Vacations, Hyatt, Diamond Resorts, Bluegreen Vacations, and Disney Vacation Club.

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Vacation Ownership Market by Category

By Type, Vacation Ownership Market is segmented as:

Fixed week
Floating week
Points-based system.

By Tour Type, Vacation Ownership Market is segmented as:

Domestic
International

By Tourist Type, Vacation Ownership Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Booking Channel, Vacation Ownership Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Consumer Orientation, Vacation Ownership Market is segmented as:

Men
Women
Children

By Age Group, Vacation Ownership Market is segmented as:

15-25 years
26-35 Years
36-45 Years
46-55 Years

By Region, Vacation Ownership Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Travel Intermediaries Business Market – New Technological Development Projecting Massive Growth till 2032

The travel intermediary’s are estimated at US$ 500 Bn in 2022 and are projected to reach US$ 895.42 Bn.By 2032, at a CAGR of 6% from 2022 to 2032.

Tour operators are calling the shots in different tourism industries across the world and the large tourism enterprises are compromising on their profit margins to stay afloat in the industry. Experts believe that this is also affecting the overall economy of tourism destinations.

There is a wave of new travel portals which is challenging the development of the travel intermediaries business. But industry observers say that the tour operators or the travel intermediaries are adapting to this technological change to reap the benefits from the evolving global tourism industry.

Travel intermediaries businesses are upgrading their technology by incorporating software such as GDS, which is an extremely helpful platform to detect customer behaviour and market upsurge.

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Travel intermediaries businesses are also changing their business strategy to stay ahead of competition. Several studies have shown in the past that leisure travellers around the world do prefer to buy help from travel intermediaries. Travel intermediaries are holding their grounds in this turbulent time because of certain reasons.

The basic and the foremost reason is that these agents often come up with lucrative offers and tailor-made travel itinerary which lures many travellers. A good travel expert will always try to judge the demand of each customer and will offer them some exclusive ideas and solutions.

The travel intermediaries business is growing because a massive pool of customers still prefers to save their hard earned money during their tours.

As most of the travel intermediaries have a lot to offer and as they directly deal with a gamut of hotel chains and flight operators they successfully help save travellers’ money by gauging the need and the psychological bent of the customer.

The in-depth knowledge of travel intermediaries on destinations is an added advantage for travellers. This knowledge not only helps them ensure traveller safety but also gives them a leverage to win the confidence of their customers.

Travel Intermediaries Business: Game Changers

The boom of the travel intermediaries business is not only facilitating the surge of the travel domain, but it is also helping all the stakeholders of the travel industry including airline service providers and hotels.

Travellers seek the expert help of travel intermediaries to create a hassle-free travel itinerary and most of the tech savvy millennial travellers choose to travel with travel intermediaries as they offer some lucrative deals to their customers.

As they buy in bulk travel agents get the best offers from hoteliers and airline operators and this mutual dependency between travel intermediaries and other key stakeholders of the travel industry is complimenting the growth of the travel intermediaries business.

The edgy technological backups are revamping the public outreach of the travel intermediaries business. Introduction of new and advanced software is further changing the scene of the travel intermediaries business.

Travel Intermediaries Business: Restraints

The scope of growth of the travel intermediaries business is skyrocketing. But most of the airline operators are rolling out special apps and offers to woo customers and hoteliers are also following the same route to increase their global customer base. This is likely to pose challenges to the growth of the travel intermediaries business.

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Travel Intermediaries Business: Top Companies

The travel intermediaries business is extremely competitive but travel intermediaries are redefining their business approach to say relevant. Vantage Deluxe World Travel, Global Work and Travel Company, Global Vacation Network, Thomas Cook, Zicasso, and Outward Bound are some of the well-known companies in the travel intermediaries business.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

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Airport Security Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global airport security market is projected to reach a valuation of US$ 13 Bn in 2022. Sales are projected to increase at a 5% CAGR, with the market size reaching US$ 21 Bn by 2032.

The expansion of other auxiliary businesses like aviation and hotel contributes to the overall boom in tourism. In recent years, the aviation sector has served as both a vulnerable target for terrorists and a breeding ground for several unlawful operations.

The rapidly growing travel and tourism sector is altering how the world economy looks. The travel sector has made a substantial economic impact in recent years.

The tourist sector has not only generated enormous amounts of market income, but it has also stoked global labour markets. Market watchers predict that in the years to come, the travel and tourism sector will generate enormous sums of money.

Airport security is becoming more and more significant as a result of the fact that airports are a major transit hub for millions of travellers worldwide.

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Airport security market expansion is anticipated to be aided by the expanding commercial aviation industry and increasing demand for air travel throughout the world during the projected period. Passenger volume from nations like China and India is predicted to increase throughout the projection period, which would boost the sector even more.

To increase the efficiency of the boarding procedure at the airport, airport authorities throughout the world are replacing their manual security systems with automatic ones. Thus, this will also increase the market’s potential for growth.

The demand for Asia is a consequence of rising terrorist activity and increasing spending on aviation infrastructure, which is supported by a rise in air passenger traffic, the Asia Pacific area is expected to experience substantial growth. The airline infrastructure is expected to expand in smaller cities in countries like India and China as a result of government measures to boost air travel.

As new airports are constructed in the region with more entry gates, larger airfields, and improved traffic management systems, the market need for such infrastructure and applications is anticipated to increase.

Key Take away from the industry

An increase in air travel is anticipated to boost market expansion.
Geographically speaking, the APAC region held the largest share of the airport security market in 2022.
To safeguard the safety of millions of passengers flying throughout the world, special legislation has been established and additional security procedures are now possible.
A strong security wall against any illicit activity is being built using specialised full-body scanners and other security tools supported by knowledgeable security staff.

“In the coming years, the airport environment will undergo significant change. This altered ecology will cause a shift in a number of processes because of increased passenger expectations, a developing global danger, and the requirement for greater security effectiveness.” Says an FMI Analyst.

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Impact of Covid-19 on the industry

The COVID-19 pandemic had a detrimental effect on market participants’ sales in 2020. In 2020, the market for airport security experienced a decline of almost XX%.

Government officials enacted tight lockdown measures and travel restrictions as a result of the outbreak. Additionally, some organisations’ production, transportation, and supply chain capacities were hampered by border closures. The epidemic also caused a labour shortage in a number of market areas.

Temporary travel restrictions decreased the overall number of passengers choosing airlines, which had an influence on total revenue. However, with the market experiencing recovery in the previous year, the loosening of lockdown regulations increased the daily traffic of airports throughout various locations in 2021.

Who is winning?

Key Players are concentrating on expanding their market presence and acquiring new projects in various locations.

Leading players operating in the Global Airport Security market are – IBM Corporation, Axis Communications AB, C.E.I.A. S.p.A., FLIR Systems, Hitachi Ltd., Leidos, Inc., Westminster Group PLC, Honeywell International, Inc., Collins Aerospace (Raytheon Technologies), Biosensor Applications AB, OSI Systems, Thales Group, Siemens AG, Bosch Sicherheits System GmbH, Auto Clear LLC, and Smiths Detection Group Ltd., etc. are among others.

The Global Airport Security Market by Category

By Technology, Global Airport Security is segmented as:

Access Control
Cyber Security
Screening
Others (Perimeter Security, Surveillance)

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Smart Travel Market is Anticipated to Reach a Valuation of US$ 25 Bn in 2022 | FMI

The global smart travel market is projected to reach a valuation of US$ 25 Bn in 2022. Sales are projected to increase at a 18.10% CAGR, with the market size reaching US$ 112.4 Bn by 2032.

As more nations engage extensively in this industry and use it as a competitive advantage, smart tourism is now gaining momentum throughout the globe. Having said that, smart tourism depends on the idea of smart cities as a whole, which offer the tools and resources required to attract visitors who are tech aware.

“Smart” has been a catchphrase in technology over the past ten years, being used to describe anything from TVs and factories to mobile phones and industrial facilities. Using information and communication technology (ICT) in a creative way to change business models, make hospitality more accessible, and create new revenue streams is known as smart tourism.

Running a smart tourism strategy requires public-private partnership. A long-term agreement to collaborate between two or more public and private groups is a public-private partnership. In other words, corporations and governments collaborate to finish a project or offer services to the locals.

The project Clever city worked on with the Lübeck Bay tourist office is an excellent illustration of a public-private relationship. Smart parking sensors were installed close to the neighbourhood beaches to track occupancy and availability and direct visitors to the closest open space. The German Tourism Prize 2020 was given to this effort.

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Key Take Away in Global Smart Travel Sector Industry

In major tourist hotspots, wearable technology is improving the visitor experience. Smartwatches and tech wristbands may do various tasks, such as voice-activating local instructions or unlocking your cabin door on a cruise.
Smart strategies, like smart garbage collection or smart parking, can be applied to the subject of sustainable transport. Cities are developing mobility hubs outside of the city centre that have strong linkages to the inner city’s public transportation system and/or rental bike or e-scooter stations.
In terms of tour type, it is predicted that package visitors would make up the relatively largest value portion of the Smart Travel industry.
According to the prediction, middle-aged people between the ages of 26 and 35 will continue to make up the majority of travellers.

“Technology investments and destination quality are frequently so interconnected in places where tourism and events are thought to be important components that Smart Tourism becomes a part of the city planning that benefits both tourists and locals.” Says an FMI Analyst

Impact of Covid-19 on the industry

One of the sectors most impacted by the global coronavirus-19 (COVID-19) outbreak is tourism. Local communities were worst hit by the crisis because tourism contributes the most to any nation’s gross domestic product of any business. The Smart Travel Sector market fell by 56% during the epidemic.

But the outbreak of COVID-19, which the World Health Organization declared to be a pandemic on March 11, 2020, has made this need for innovation in the tourism sector even more urgent. The biggest innovations that can be used in this sector are either new technologies being developed or new ways of using information and communication technologies.

Who is winning?

To encourage the use of online smart tourism portals, key companies are offering travellers discounts and enticing, seasonally appropriate trip packages. Additionally, strategic alliances between tour operators and lodging establishments, eateries, and other businesses aid in the upgradation and expansion of the tourist industry.

Leading players operating in the Global Smart Travel Sector market are – InnoQuant Strategic Analytics, S.L, Booking Holdings Inc., TripAdvisor LLC, AudioConexus Inc., Expedia Inc, Kayak, QUNR, Ctrip, Orbitz, MakeMyTrip, TravelZoo, Sabre, etc. are among others.

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Global Smart Travel Sector Market by Category

By Solution Type, The Global Smart Travel Sector Market is segmented as –

Smart Ticketing
Smart Security Services
Smart City Bots
Smart Parking
Others (Audio Guidance, Intelligent Traffic Management, Linguistic Services, etc.)

By Booking Channel, The Global Smart Travel Sector Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Tourism Type, The Global Smart Travel Sector Market is segmented as:

Domestic
International

By Tourist Type, The Global Smart Travel Sector Market is segmented as:

Independent Traveller
Tour Group
Package Traveller

Consumer Orientation, The Global Smart Travel Sector Market is segmented as:

Men
Women

By Age Group, The Global Smart Travel Sector Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Neurosurgery Surgical Power Tools Market is expected to grow at a CAGR of 4.5% through 2032

According to a recently released intelligence study by Future Market Insights (FMI), the neurosurgery surgical power tools market currently sits in a slow-moving growth-low value quadrant. As per the market assessment for a period of 2018-2028, the valuation of neurosurgery surgical power tools market will be over a billion dollar in 2023 and is likely to expand at a relatively moderate growth rate over the next three years.

The global burden of neurological disorders as a leading cause of death and disability has doubled in the recent years given the increasing number of older people, with potential contribution from longer disease duration. Environmental factors apart from demographic factors could further aggravate the future burden of neurological disorders, globally. Given the operative complexities associated with neurosurgeries, apart from orthopedic, cardiovascular, spine, and ENT surgeries, power tools are the current key advanced product in the medical devices industry, showing promising results due to its applicability in a number of procedures ranging from wound management to cutting/incision, drilling, removal and sawing of both hard and soft tissues and bone.

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The top two companies in the global neurosurgery surgical power tools market hold over 56 percent share of the current market revenue and the remaining market share is controlled by tier-2 and tier-3 companies. The neurosurgery surgical power tools market showcases a highly consolidated landscape, leading to a high pricing premium of neurosurgery surgical power tools.

A majority players in neurosurgery surgical power tools market are focusing on launching technologically advanced products expanded product portfolio.
In addition, capacity expansion and emphasis on building strong distribution networkwill also be adopted as further growth strategies by the key players, according to FMI research.
The companies are also focusing on introducing new products to strengthen the product portfolio in the developing markets of Asia Pacific to expand their clientele and grab maximum market share in the emerging economies.

“As per FMI analysis, the manufacturers of neurosurgery surgical power tools are also expected to gain from increasing regulatory approvals. Over the last few years, leading players have received regulatory approvals across major geographic markets, which has enabled them to launch various products in the market”, Senior Analyst, FMI.

Geographically, North America Reigns Supreme in Global Neurosurgery Surgical Power Tools Landscape

North America and Europe represent a significant market share owing to higher install base, with an accumulative market share of approximately 64 percent.
Asia Pacific, on the other hand is anticipated to presentlucrative growth opportunities to neurosurgery surgical power tools manufacturers. The demand for neurosurgery surgical power tools in APAC is expected to grow at a moderate CAGR of 4.1 percent, through 2028.
Rapid sophistication of the healthcare and medical sector in gulf economies is identified to be the key factor driving growth of MEA market.

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FMI Identifies Key Trends Influencing Neurosurgery Surgical Power Tools Global Demand

Paradigm shift from invasive to minimally-invasive surgeries considering lesser side effects compared to conventional surgeries. Reduced post-operative pain and hospital stay and faster recovery are few of the factors supplementing to the growth of minimally-invasive surgeries, particularly neurosurgical procedures.
Another key trend identified is the automation of neurosurgery surgical power tools. The automated neurosurgical power tools are expected to increase the speed of cranial surgeries by almost 50 times compared to traditional techniques. Apart from reducing the procedure time from hours to minutes, such tools would also create lower risks of infection and damaging sensitive tissues.
Demand for smaller sized and light weight power tools will dominate all the branches of neurosurgery, considering its ability to produce high speed and penetrate into deeper regions of brain.

“With the anatomical complexities associated with brain comes numerous risks associated with neurosurgery—a major growth deterrent. In addition, lack of neurosurgeons also pose a threat to the neurosurgery surgical power tools demand. According to most recent survey by the U.S. government, currently there is one neurosurgeon per 61,000 U.S. population—a ratio still inadequate to meet the current healthcare demands in the region. In developing markets like India, there are approximately 1,800 neurosurgeons (including about 25 women) for 1.27 billion people”, Senior Analyst, Future Market Insights

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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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Surgical Generators Market size is forecast to total US$ 467.2 Mn in 2022 | Get Insights FMI

[148 Pages Report] The global surgical generators market is estimated to hit the US$ 421.5 Million cap in 2021, expanding at a moderate year-on-year growth of 3.2 percent, during the same period. As per a recent market study by Future Market Insights, the global market for surgical generators is expected to represent an absolute dollar opportunity of US$ 161.65 Million, through the forecast period considering in the study, 2022-2028. Electrosurgical Radiofrequency (RF) generators, in terms of product type, are expected to pump maximum revenue into the global surgical generators market, holding a market share of approximately 49.4 percent.

However, Argon Plasma Coagulation generators have shown significant adoption in recent years, as per the study, translating into a substantial market share in the coming years. Its application in haemostasis, tissue devitalization, tissue reduction, and for rapid surgical ablation solutions, using ultra precision are some key factors driving the Argon Plasma Coagulation generators segment, according to the study.

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FMI predicts moderately growing demand for surgical generators, considering:

Increased technological innovations aimed at providing efficient electrosurgery and associated deices. Moreover, operating rooms have evolved substantially, in the recent years, mostly equipped with technologies offering high efficiency and productivity.
Compatibility capabilities offered by new-age surgical generation, with various ablation devices. Additionally, advancements in surgical generators have changed the minimal invasive surgeries (MIS) landscape.
Technologically advanced electrosurgical RF generators and ultrasonic generators have the ability to handle input variations for ablation devices and cautery, while also demonstrating the effectiveness, safety, accuracy of electrosurgical devices.
Furthermore, deployment of low-cost ablation devices versus those required in RF-based ablation techniques including bipolar and ultrasonic ablation device, have significantly reduced the maintenance and repair costs, thereby further reducing the cost of surgical generators.
Growing demand for plastic and cosmetic surgeries—all executed using various types of electrosurgical devices.
Moreover, most modern surgeries require devices that provide energy to tissue to perform desired task.
Growth of ambulatory surgical centers (ASCs) surgeries is considered a major factor for increased sales of surgical generators. Technologically advancements and market consolidation have immensely supported ASCs—now carrying out critical procedures including maxillofacial, hip, spine and laparoscopic surgeries.

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“However, given the complexities relating to surgical generators in operating rooms, there are some critical market restrainers that we have studies in the recent report on surgical generators. Mostly importantly, lack of skill and training of operating electrosurgical devices along with complications in electrosurgery and potential risks of burns, are the key market inhibitors, considering that the modern day operating rooms and procedure suites are sophisticated computer-driven control centers of highly complex “point-of-care” delivery.

Unfamiliarity with the basis functioning of such devices could prove fatal, in the form of Operating Room (OR) fires. Moreover, complications of electrosurgery can occur in form of combustible gases explosions, accidental burns, interference with pacemakers and monitors, and infection transmission”, explained a senior analysts from the healthcare domain, while listing out the reasons for a slow-moving surgical generators market.

Surgical Generators Market Showcases a Relatively Concentrated Landscape
with top leaders such as Bovie Medical Corporation, Ethicon (J&J), Olympus Corporation, CONMED Corporation, and Medtronic amongst others holding a market share of approximately 45 percent. Technological innovations combined with strategic mergers and acquisitions aimed at expanding product portfolio and improve patient safety and procedure accuracy, are anticipated to remain the core differentiation strategies among surgical generators manufacturers. Moreover, FMI also foresees increased investments in research and development activities, generating significant demand for surgical generators, mostly in hospitals, as per the study.

For instance, Olympus, a key players in the global surgical generators market, introduced its ESG-300 Electrosurgery Generator. The Argon Plasma Unit (APU-300) including the Olympus exclusive Smart Argon mode identifies distance to tissue and regulates power automatically. US Medical Innovations, in 2017, launched its advanced Smart Electrosurgical Generator Canady Plasma offering Graphical Interface Management Surgical System and Tissue Impedance Sensitive Control.

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Surgical Generators Market by Category Product Type:

Electrosurgical RF Generators
Electrocautery Generators
Ultrasonic Generators
Argon Plasma Coagulation Generators

End User:

Hospitals
Ambulatory Surgery Center
Specialty Clinics
Trauma Center

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Angio Suites Market is likely to grow at a CAGR of 9.1% through 2032 | FMI

Siemens leads the packs globally, FMI offers an extensive assessment of the competitive landscape of angio suites market for 2018-2028

With an estimated incremental opportunity of more than US$ 100 million over 2018, the global revenue through sales of angio suites is likely to approach US$ 1.9 Bn in 2019. As reported by a new research intelligence study on the global angio suites market, there will be more than 6% year on year revenue growth in 2019 – reflecting a healthy outlook for the angio suites landscape at a global level.

Key Research Insights Drawn from the Report

In a consolidated market structure, the top three companies operating in the global angio suites landscape hold a whopping revenue share of around 70%.
Easy, fast-track FDA clearance holds vital importance in shaping the new product developments and launches.
Innovative therapy suites and angio suites are receiving wider platforms in recent years, with growing government funds and consistently increasing voluntary funds – pushing R&D activities further.

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More than 1/4^th Share of the Market Revenue Belongs to Siemens

Siemens AG, reportedly the global leader in angio suites landscape, has been highly active in terms of innovation in recent years.

The company had announced the launch of two products adding value to its innovative offerings in Nov 2017. Siemens Healthineers unveiled two imaging therapy suites that are intraoperative and possess multi-modality imaging capability. While interventional surgeons and radiologists are continuously striving to discover novel procedures that are highly precise yet rapid and affordable, Siemens’ Angio-MR-CT and Angio-CT therapy suites have been presented as a breakthrough innovative solution.
Later the same year, the company entered a 10-year contractual partnership with Kingston Hospital NHS Foundation Trust over the supply of all-inclusive Managed Equipment Services (MES) to the trust for a wide range of medical imaging systems.

The other two market leaders include Philips Healthcare and GE Healthcare LLC, which are prominently concentrating on innovative product launches for global expansion and introduction of disruptive technology based systems across developing regional markets.

Explaining the most popular developmental strategies adopted by key companies in angio suites landscape, the FMI analyst says, “The strategic focus of angio suites market players is likely to remain on vertical and horizontal integration. Our research concludes that direct selling strategy is allowing companies to cater to the escalating demand for technically innovated products”. Discussing further about the growing significance of having a strong distribution network, “Key players are also prioritizing a stronger distribution network at a global level. Whereas, development of independent distribution channels for personal selling of angio suites is also identified to be one of the key trends among market players,” says the analyst.

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Segmental Analysis: Single Plane Angio Suites and Hospitals Remain Top Performing Segments

With more than 65% share of the global market revenue, single plane angio suites continue to dominate biplane angio suites, according to the report.
Although cath labs are likely to demonstrate impressive adoption of angio suites in the near future, hospitals remain the largest end user of angio suites.
Currently, Asia Pacific accounts for over 45% share of the total market revenue, followed by Europe that holds around 30% share in the market value.

The report projects emergence of lucrative business opportunities in developing regional markets, besides APAC, i.e. MEA and Latin America. While the opportunity assessment of emerging regional markets for angio suites analyses the sales force expansion and third party payer coverage in the regions, remarkable reimbursement support and improving customer care are identified to be the primary factors boosting revenue growth of angio suites market in these regions. In a bid to achieve high operational efficiency, a number of companies are strategizing the shifting of their manufacturing facilities to low-cost production bases in emerging economies of Latin America and APAC.

Segmentation

The report offers a comprehensive taxonomy of the angio suites market on the basis of product type, end user and region. On the basis of product type, the global angio suites market has been segmented into biplane angio suites and single plane angio suites.

On the basis of end user, the global angio suites market has been segmented into hospitals and cath labs. From a geographical perspective, the angio suites market has been segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA).

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Homecare Dermatology Energy-based Devices Market Top Trends and industry overview to watch for in 2028

Growing commercialization of advanced technology in homecare dermatology and frequent introduction of user-friendly dermatology services are collectively boosting the growth prospects for homecare dermatology energy-based devices landscape at a global level.

According to a newly released intelligence report by Future Market Insights, exhibiting nearly 5% year over year growth in revenue, the global homecare dermatology energy-based devices landscape is likely to be worth over US$ 550 Mn in 2020. While maximum incremental opportunity is projected for China and APEC, North America – despite being the global leader – is likely to witness moderate growth in coming years.

Rapidly growing demand for homecare devices as a result of a paradigm shift from conventional clinics to in-house, non-invasive energy treatments is prominently responsible for healthy revenue growth projections for homecare dermatology energy-based devices.

Technological advancements in these devices are widening their application base, thereby pushing the rate of adoption further at a global level. Another strong push factor associated with homecare dermatology energy-based devices includes their availability as the OTC products.

Product type analysis of market landscape reveals that laser and IPL (intense pulsed light) equipment are enjoying the highest sales, whereas LED equipment is projected to emerge as the most attractive segment in homecare dermatology energy based devices space in the near future.
Hair removal and acne, followed by wrinkles treatment, are reportedly the most extensively sought after applications of homecare dermatology energy based devices.
E-commerce dominates all other distribution channels, according to the report. Hyper markets and super markets also remain among the preferred channels for product distribution.

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A Bird’s Eye View of the Global Landscape

“The global market for homecare dermatology energy based devices is a highly consolidated landscape, wherein the top two players collectively account for around 60% share of the market revenue. Koninklijke Philips, with more than a third of the market value share, secures the top position with its extensive portfolio of intense pulsed light devices used for hair removal,” explains a senior research analyst while offering the inclusions of the company’s recent report on the global homecare dermatology energy based devices market.

Adding further to the information about the market competition, the analyst says, “A majority of companies are prioritizing product innovations in LED, IR, and lasers segments. Moreover, a large number of market players are taking efforts for extended product reach through retail partnerships, in addition to NPD for a wider application base. Companies are also observed to be focusing on collaborations and acquisitions to reshape their product distribution strategy for better profitability”.

FDA Approvals Are Relatively Easy

Relatively easy and faster FDA approvals for homecare dermatology energy based devices are driving improved appearance of these devices in tandem with the latest handheld gadgets, which prominently curtail the need for frequent visits to professional cosmetic treatment centers.

A recent example includes FDA clearance for Titan – the anti-aging device launched by Skinovations Inc. later in 2017.

On a similar line, North American and European markets for homecare dermatology energy based devices are witnessing remarkable adoption in recent years. FMI identifies a slew of business expansion opportunities in the aforementioned regions for manufacturers of homecare dermatology energy based devices.

Moreover, growing R&D efforts as manufacturers in the US zoom in on the production quality, is likely to shape the performance of North America’s market for homecare dermatology energy based devices.

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Combination of Technologies for Better Treatment Output

Making the most of the best attributes of LED and lasers technologies, a new trend among manufacturers now involves the combination of both the technologies for manufacturing homecare dermatology energy based devices. While these devices are claimed to be effectively reducing fine lines and improving skin tone with LED, lasers enable them to be highly target specific. A recent example is of YA-MAN’s RF Beaute Photo PLUS.

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Endoscopy Fluid Management Systems Market is predicted to expand at a 7.4% CAGR to reach a net worth of US$ 683 Mn by 2028

[187 Pages Report] According to the FMI study, as the Tier 1 players continue to contribute over 70% share of the market revenue, the global endoscopy fluid management systems landscape remains a highly consolidated space.

Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.

The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.

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Top 3 Insights from Key Players Analysis

While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future. Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.

Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers. “Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Prominent Players:

Karl Storz GmbH & Co KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew
Stryker Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
Cantel Medical Corporation
Medtronics Plc.
B. Braun Medical Inc. and Hologic Inc

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Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

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Segmentation

The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.

From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

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