Multi-pack Carriers Market by Material Type, Product type, Capacity, End Use & Region – Forecast 2022 – 2032

The multi-pack carriers market is predicted to grow at a 4.7% CAGR over the course of the forecast period, from a market share of US$ 1.55 billion in 2022 to US$ 2.45 billion in 2032.

Urbanization has led to an increase in the trend of eating meals while on the go, which is driving the market for multi-pack carriers. The cost of packing the items is typically reduced when using multi-pack carriers, which significantly influences the manufacturer’s interest in using these options

Multi-pack carriers are an efficient way of strategically increasing total sales of multi-pack carriers, as several product units are clubbed together and packed.

Packaging plays a vital role in attracting consumers, hence escalating demand for multi-pack carriers, which is achieved by customizing the packaging products as per the end-users need, which also rockets the sales of multi-pack carriers.

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What Factors Affect the Market for Multi-Pack Carriers?
Due to higher multi-pack carrier sales than single bottles or cans, the market for multi-pack carriers is anticipated to expand.

Sales of multi-pack carriers significantly increase when products are combined and the brands provide the best discount. Easy printing on multi-pack carriers; make the product eye-catching and simple to identify.

Consumers eventually buy the items that strike their attention, increasing the overall sales of multi-pack carriers and clearing out the old inventory.

Which is the Key Region in the Multi-pack Carriers Market?

Multi-pack carriers’ market demand is likely to grow in the North American region due to the increased consumption of beverages per capita, followed by Europe.

In the coming future, multi-pack carriers would witness an upright growth in the global multi-pack carriers market due to urbanization in the developing countries, and their capability to attract a large number of customers would contribute to their increase in demand for multi-pack carriers.

What is the Competitive Outlook of the Multi-pack Carriers Market?

The key players in multi-pack carriers market are

  • Smurfit Kappa Group plc,
  • WestRock Company,
  • Graphic Packaging International, LLC,
  • Fishbone Packaging Inc.,
  • British Polythene Limited,
  • Grip-Pak,
  • Wynalda Packaging, and
  • Canada Kegs & Packaging.

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Key Segments

By Product Type:

  • Baskets
  • Trays
  • Others (Rim applied carriers)

By Material Type:

  • Paper & Paperboard
  • Coated Unbleached Kraft Paperboard
  • Bleached Kraft Paperboard
  • Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Others

By End Use:

  • Alcoholic Beverages (Beer, Wine, Others)
  • Non-Alcoholic Beverages (Juices, Milk Products, Carbonated Drinks, Others)

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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LDPE Containers Market is projected to reach a valuation of US$ 43.2 Bn in 2022

The global LDPE containers market was valued at roughly US$ 41.4 Bn in 2021. According to Future Market Insights (FMI), overall sales of LDPE containers are estimated to reach a valuation of nearly US$ 59 Bn by 2032, growing at 5% – 6% CAGR during the forecast period.

LDPE is a commonly used polyethylene used to make bars, jars, bottles, and pouches due to its structural strength and impact resistance. Hence, the adoption of LDPE containers is rising in chemicals and food and beverages sectors, thereby augmenting the growth in the market.

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LDPE Containers Market: Dynamics 

Small scale manufacturers in various end use industries tend to look for economic solutions for packaging to reduce their overall production cost. LDPE containers require low cost for their production when compared to PP, PET and other plastic containers, which is why these manufacturers prefer LDPE containers for packaging. Also, LDPE containers can be used for putting branding and promotional information as it is economical than using other branding tools. All these factors are expected to drive the global LDPE containers market during the forecast period. However, with the rising awareness regarding environmental issues, the demand for eco-friendly packaging solutions is on hike.  

Emphasis is on usage of recyclable plastic containers, has resulted in decreased usage of conventional LDPE containers. Most plastic container manufacturers are using specialty ingredients along with the basic polymer such as oxo-biodegradable materials to make their packaging solution sustainable. Also, recyclable and reusable bottles and jars are gaining traction. Availability of many alternative packaging solutions might restrict the demand for LDPE containers. 

Various innovative, cost-effective and sustainable packaging solutions are emerging in the global LDPE containers market. Also, volatility in the cost of raw materials has been a restraining factor for the industry, over the past few years. The rising concerns over environmental issues regarding single use plastic is expected to remain a major restraining factor in the growth of LDPE containers market. 

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LDPE Containers Market: Regional Outlook 

Geographically, the global LDPE containers market has been divided into seven key regions, including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. Emerging economies in the Asia Pacific region are expected to expand at a high CAGR when compared to other regions owing to changing lifestyle, increasing per capita packaging consumption, and high demand for packaged food.

Economies of Latin America has witnessed serious economic slowdown in the past few years, consumers in the region are more rational about spending patterns than sustainability. This is expected to represent substantial growth opportunities for the LDPE containers market in the region.

Which Factors are Limiting the Sales of LDPE Containers?

Growing preference for environmentally friendly packaging solutions and awareness about single-use plastics and concerns associated with its disposal are projected to inhibit the use of LDPE containers.

Also, the introduction of stringent government regulations against the use of plastic and demand for oxo-biodegradable materials will further limit sales. Apart from this, changing prices of the raw materials used in the manufacturing of LDPE containers is expected to hamper the growth in the market.

Market Competition

Key manufacturers players operating in the global LDPE containers market include

  • CP Lab Safety Inc.,
  • Polymers Merona Inc.,
  • Amcor Limited,
  • SKS Bottle & Packaging Inc.,
  • Thermo Fisher Scientific Inc.,
  • O. Berk Company LLC,
  • Vivek Polymer India,
  • TYH Container Enterprise Co. Ltd., and
  • Zhejiang Zhenhua Plastic Co. Ltd., among others.

Key players are focusing on improving their manufacturing processes to develop high mechanical strength packaging solutions. Furthermore, companies are adopting new business strategies such as collaborations, partnerships, and acquisitions to gain a competitive edge in the market.

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Key Segments Profiled in the LDPE Containers Market

Product Type:

  • Jars
  • Bottles

End Use:

  • Food & Beverages Packaging
  • Chemical Packaging
  • Industrial Packaging
  • Pharmaceutical Packaging
  • Retail Packaging
  • Personal and Homecare Packaging

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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Kraft Block Bottom Pouch Market grows at a rate of 4% CAGR during the forecast period 2022 to 2032

During the projected period, the kraft block bottom pouch market is anticipated to experience an average CAGR of 4%. The market for kraft block bottom pouches is presently worth US$ 18 billion and is anticipated to grow to US$ 27.7 billion by 2032.

The compact design of the kraft block bottom pouch has increased sales since it makes it possible to be positioned on the shelf effectively. The market share of kraft block bottom pouches is expected to increase as people become more accepting of plastic use in packaging.

What are the Key Dynamics to the Kraft Block Bottom Pouch Market Share?

The rising awareness among people against the use of plastic-based packaging and inclining more towards the use of sustainable and eco-friendly packaging products is expected to drive the sales of kraft block bottom pouch.

Nowadays, the kraft block bottom pouch is highly used in groceries to fill cereals, pulses, and other products, bakeries, confectionery, and at various shops due to their flexibility in sizes.

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The kraft block bottom pouch is available in multiple sizes and capacity ranging from 4 ounces to 16 ounces and can be custom made as per the requirement of the user.

These factors are expected to drive the global kraft block bottom pouch market during the forecast period.

Also, the kraft block bottom pouch can be placed on the shelf and offers excellent printability. It helps vendors in branding and promotion at the point of sale.

Kraft Block Bottom Pouch Market: Dynamics 

The rising awareness among people against the use of plastic-based packaging and inclining more towards the use of sustainable and eco-friendly packaging products is expected to drive the global kraft block bottom pouch market. Nowadays, the kraft block bottom pouch is highly used in groceries to fill cereals, pulses, and other products, bakeries, confectionery, and at various shops due to their flexibility in sizes. The kraft block bottom pouch is available in multiple sizes and capacity ranging from 4 ounces to 16 ounces and can be custom made as per the requirement of the user.

These factors are expected to drive the global kraft block bottom pouch market during the forecast period. Also, the kraft block bottom pouch can be placed on the shelf and offers excellent printability. It helps vendors in branding and promotion at the point of sale. Also, the major advantage of these kraft block bottom pouches is that they can be square up in the form of boxes for secure handling. These factors are expected to fuel the demand for the global kraft block bottom pouch market during the next ten years. 

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Global Kraft Block Bottom Pouch Market: Regional Outlook 

The European region is expected to fuel the demand for the kraft block bottom pouch market during the forecast period. It is owing to the stringent regulations against the use of plastic pouches and bags. In various countries of Europe such as Germany, Italy, Spain, the U.K., France, and among others, the use of plastic based packaging is taxable, i.e., consumers must have to pay if they demand bags.

These factors are anticipated to push the demand for the kraft block bottom pouch in the region. In China, India, Thailand, and Malaysia, the government has imposed a tax on the use of plastic as well as paper bags, and in some parts of India and Thailand, the use of plastic bags is strictly prohibited. These factors are probably fueling the demand for the global kraft block bottom pouch market during the next decade. 

How is the Competitive Landscape in the Kraft Block Bottom Pouch Market?

The key players of the kraft block bottom pouch market is focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use as packaging solutions to thrive business. This is driving the sales of kraft block bottom pouch.

Some of the key participating players indulged in the sales of kraft block bottom pouch are:

  • Mondi USA, Inc.
  • PBFY Flexible Packaging
  • Paper Bag Co.
  • Swiss Pac USA
  • TricorBraun Inc.
  • International Plastics, Inc.
  • BagInCo International
  • BillerudKorsnäs AB
  • H-PACK Packaging UK Ltd.
  • Mohit Paper Packaging Industry

These markets players are anticipated to drive the kraft block bottom pouch market by introducing new products and expanding geographically.

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Key Segments

By Kraft Paper:

  • White Kraft Paper
  • Brown Kraft Paper
  • Black Kraft Paper

By Capacity:

  • Up to 2 Oz
  • 2-4 Oz
  • 5-10 Oz
  • Above 10 Oz

By End Use:

  • Retail
  • Pharmaceuticals
  • Agriculture & Allied Industries
  • Building & Construction
  • Beverages
  • Foodservice
  • Chemicals and Fertilizers
  • 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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Nestable Drums Market is anticipated to increase at high CAGR of 7% 2022-2032

The market for nestable drums is predicted to grow at a CAGR of 7% over the course of the forecast period, from a market share of US$ 12 billion in 2022 to US$ 23.61 billion in 2032. This growth is attributed to the expanding transportation and logistics sector.

Nestable barrels are in high demand because they save space by requiring less empty packing to be stored and shipped. Nestable drums ensure both food safety and migration law, which is boosting the market share of nestable drums.

What Factors are Contributing to the Growth of the Nestable Drums Market?

The demand for nestable drums  has increased as the transportation and logistics business has grown. Nestable drums are projected to expand in popularity as petrochemical demand grows. The cost-effectiveness of nestable drums is one of the primary factors impacting the sales of nestable drums.

Moreover, nestable drums are more cost effective than metal drums. As a result, nestable drums are preferred by manufacturers and converters. Nestable drums provide reusability and cost savings, resulting in a diverse range of applications across the globe, expanding the sales of nestable drums.

As a result, nestable barrels are utilised for industrial packing to save money and control pallet loading. The aforementioned factors are expected to propel the worldwide nestable drums market share.

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Which region commands the nestable drums market?
North America, Latin America, Europe, the Middle East and Africa (MEA), East Asia, South Asia, and Oceania are the regions that make up the global nestable drums market. Europe is anticipated to lead demand for nestable drums during the anticipated timeframe.

The reason is believed to be the prevalence of chemical companies in this area, particularly in Germany. It is anticipated that the market for nestable drums in North America would follow that in Europe.

North American nestable drums market share is likely to be dominated by the United States, while Canada is anticipated to grow significantly during the forecast period. Sales of nestable drums are anticipated to rise in Asia Pacific over the following ten years.

What is the Competitive Outlook of the Nestable Drums Market?

  • Greif Inc,
  • Time Technoplast Ltd,
  • Snyder Industries, Inc,
  • CurTec, Greystone Logistics, Inc,
  • Drums Food International Pvt Ltd,
  • Bewi Norplasta,
  • Drum Workshop Inc

are some major key players in the nestable drums market which are taking advantage of every opportunity available in the nestable drums market.

The study delves into parent market trends, macroeconomic data, and governing factors, as well as market potential and the attractiveness of the nestable drums market by segment. The study also maps the qualitative impact of major market parameters on market segments and geographies, as well as their corresponding effects on the sales of nestable drums.

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Key Segments

By Capacity:

  • 7- 13 Gallon
  • 13-19 Gallon
  • 19- 40 Gallon
  • Above 40 Gallon

By End Use:

  • Pharmaceuticals
  • Chemicals
  • Food & Beverages
  • Petroleum
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.

Contact Us:

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T: +1-845-579-5705
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Electronic Stethoscope Market is projected to reach a valuation around US$ 259 Million in 2022

[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 2/5th 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

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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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Pharmaceutical Intermediates Market to grow at 4.3% CAGR through 2030 | FMI

[296 Pages Report] The rapidly increasing prevalence of chronic diseases around the world is expected to fuel the need for novel drugs and better treatment option would further drive the growth of the global market. Due to increasing demand for novel drugs option, there has been rising applications of drug intermediates and growing adoption and in the field of research and clinical studies.

Leading players in the biotechnology and pharmaceutical sectors along with research institutes are now increasingly focusing on R&D activities relating to drug creation and development. Future Market Insights (FMI) in a new study has forecast the global pharmaceutical intermediates to reach US$ 30 Bn in 2020, with the market predicted to exhibit a CAGR of 4% during the forecast period (2020-2030)

Pharmaceutical intermediates are used in during manufacturing of bulk drugs as raw materials. These are the material produced during the synthesis of an active pharmaceutical ingredient (API). However, pharmaceutical and biotech companies can make use of these drug intermediates for the purposes of research and development (R&D). Moreover, there are different forms of pharmaceutical intermediates available such as high quality pharmaceutical intermediates, moderate quality pharmaceutical intermediates and premium quality intermediates. The high-quality and premium pharmaceutical intermediates are mainly used for R&D activities.

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COVID-19 pandemic is negatively impacting pharmaceutical intermediates sales due to supply chain disruptions caused due to extended period of lockdown. Nonetheless growth is expected to recover because an increasing number of pharma companies are engaging in research and development to find effective treatment and vaccination for COVID-19 virus.

Key Takeaways from Pharmaceutical Intermediates Marker Study

  • The demand for chiral intermediates will continue rising through the forecast period
  • East Asia will dominate in the global pharmaceutical intermediates market. China is expected to emerge as the most lucrative market for pharmaceutical intermediates in the region.
  • Analgesics to remain primary application, expanding at Y-o-Y rate exceeding 6% through 2020
  • The demand for Generic Drug Intermediates is expected to be higher than Branded Drug Intermediates
  • Biotech and Pharma Companies will continue exhibiting high demand for pharmaceutical intermediates

“Rising drug development activities worldwide as well as increasing adaption of pharmaceutical intermediates as raw material are driving the growth of global Pharmaceutical Intermediates market” says the FMI Analyst

Acquisitions, Partnerships and expansion are key Strategic Focus of Pharmaceutical Intermediates Market Players

Leading players in the Pharmaceutical Intermediates market on strengthening their market position though the Acquisition, Partnerships and expansion. For Instance,

  • On April 2018, strategic collaboration between Porton Pharma Solutions, Ltd. And Codexis, Inc. to use Codexis’ biocatalyst technology within Porton’s global custom active pharmaceutical ingredients (API) and intermediate for manufacturing business.
  • On June 2017, BASF SE is expanding its production capacity at Texas site, whereas it is also constructing new Ibuprofen API facility in Ludwigshafen, Germany, which is expected to be functional in 2021.

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Key Participant Insights

The global market is set to expand its scope in the forecast period, due to rising prevalence of chronic disease globally and adoption of Pharmaceutical Intermediates at various stages of drug development by pharmaceutical manufacturers. In addition to this, cost effectiveness and rise in alternate methods for purification of oligonucleotide has augmented the sales of Pharmaceutical Intermediates.

The key market players covered by FMI include Chiracon GmbH, Aceto Corporation, Midas Pharma GmbH, Codexis, Lianhe Chemical Technology Co., Ltd, Sanofi S.A, Dishman Group And BASF SE, And Chemcon Speciality Chemicals Pvt. Ltd consolidating their positions through mergers, acquisitions and new product launches.

Pharmaceutical Intermediates Market – Key Segments

Product

  • Chemical Intermediates
  • Bulk Drug Intermediates
    • Chiral Intermediates
    • Achiral Intermediates
  • Custom Intermediates

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Category

  • Branded Drug Intermediates
  • Generic Drug Intermediates

Application

  • Analgesics
  • Anti-inflammatory Drug
  • Cardiovascular Drugs
  • Anti-diabetic Drugs
  • Antimicrobial Drugs
  • Anti-cancer Drugs
  • Others

End User

  • Biotech and Pharma Companies
  • Research Laboratory
  • CMOs/CROs

Region

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

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 8-years.

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Disposable Spinal Instruments Market Key Players : Providence Medical Technology, Inc., Xenco Medical, Paradigm Spine, Intelligent Implant Systems

According to latest research by FMI, the global disposable spinal instruments market is estimated to have accounted for US$ 43.7 Mn in terms of value in 2018. The report on the disposable spinal instruments market further projects that the disposable spinal instruments market is likely to grow at a CAGR of 8.2% during the period 2019-2029.

Healthcare-Associated Infections or Hospital-Acquired Infections (HAIs) are caused while receiving medical treatment in a hospital facility. HAIs are among the major challenges to the safety of patients, and can have severe public health implications. These infections are also capable of causing disability and sometimes death. The occurrence of HAIs is increasing at an alarming rate. According to WHO, the prevalence of these infections in developed countries varies from 3.5% to 12%. Developing countries are at a higher risk as the rate of infection is 3-20 times higher in developing countries as compared to high-income countries.

Increasing number of outpatient procedures is among the economic variables affecting the spine market. A rapid shift from inpatient to outpatient surgeries for spine-related diseases is expected to create a high growth potential for disposable spinal instruments in the near future. The number of spinal surgeries is increasing with growing awareness among surgeons about cost-effective treatments.

In the U.S., more than 15 Mn surgeries are performed annually. Between 2% and 5% of patients are estimated develop a surgical site infection, which is between 160,000 and 300,000 surgical site infections nationwide each year. Surgical site infections are among the most commonly occurring HAIs in the U.S., and are the most expensive to treat. Fortunately, the adoption of various disposable devices and kits has reduced the incidence of surgical site infections and HAIs.

Thus, the increasing preference for the usage of disposable instruments for reducing the occurrence of HAIs is driving the demand for disposable instruments, which is creating growth opportunities for the disposable spinal instruments market.

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The demand for disposable instruments kits in the healthcare industry is growing at a significant rate, and the demand from unconventional end-use industries is one of the major factors fuelling the market for disposable spinal instruments. Growth in the number of end users, apart from hospitals, such as orthopaedic clinics and Ambulatory Surgical Centres (ASCs), is expected to create high demand for disposable spinal instruments. Moreover, the adoption of disposable instrument kits by various end users has reduced the risk of infections and cross-contamination, which has resulted in a reduction in the number of HAIs.

Increase in the number of use cases of disposable spinal instruments in hospitals and ASCs is expected to boost the global demand for disposable instrument kits. According to CDC, the number of Medicare-certified ASCs has increased steadily from 239 in 1983 to 5,316 in 2010.

Moreover, increasing geriatric population, which is prone to various types of spinal injuries, is estimated to boost the need for surgeries. This is expected to contribute to the demand for disposable spinal instruments. The increasing requirement of instrument kits during surgeries among the greying population, coupled with improved life expectancy, has created significant growth opportunities for the manufactures of disposable spinal instruments market. However, factors such as stringent regulations and the generation of a significant amount of waste due to the usage of disposable kits is expected to lower the growth of disposable spinal instruments in the forecast period.

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The disposable spinal instruments kits segment is a leading segment in terms of revenue by product type in the disposable spinal instruments market, with a 64.5% revenue share in 2018. These kits are most widely used in cervical and lumbar surgeries such as spinal fusion and decompression surgeries. Among the procedure type segments, the spinal fusion sub-segment accounts for the largest revenue share in the disposable spinal instruments market. Among all the end users in the disposable spinal instruments market, the hospitals sub-segment is expected to be a prominent segment, followed by the orthopaedic clinics sub-segment.

The disposable spinal instruments market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA. North America, followed by Europe, is a prominent region in the global disposable spinal instruments market. North America accounted for a revenue share of 45.8% in 2018 in disposable spinal instruments market. Europe, accounting for the second-largest revenue share, is followed by East Asia in the disposable spinal instruments market. India, China, and Brazil are emerging markets in the disposable spinal instruments market. China is one of the fastest-growing emerging markets in the global disposable spinal instruments market, and is projected to grow at a CAGR of 11.2% over the forecast period of 2019-2029.

The disposable spinal instruments market report tracks some of the key companies operating in the disposable spinal instruments market, such as

ECA Medical, Providence Medical Technology, Inc., Xenco Medical, Paradigm Spine, Intelligent Implant Systems, LLC, Safe Orthopaedics, SA , TeDan Surgical Innovations, LLC, and Joimax GmbH.

Majority of the regional players in the disposable spinal instruments market are focused on increasing their product reach and connectivity with the regional distributors of disposable spinal instruments. The manufacturers of disposable spinal instruments are focusing on collaborating with established hospitals and ASCs to sell products as some of the medical practitioners are particular about the type and brand of products used for a surgical procedure.

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Key Segment

By Product Type

Instrument Kits

Cervical

Lumbar

Systems

By Procedure

Spinal Fusion

Decompression Surgeries

By End User

Hospitals

Orthopaedic Clinics

Ambulatory Surgical Centers

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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Female Stress Urinary Incontinence Treatment Devices Market of US$ 1.07 Billion by 2029

[195 Pages Report] The rising prevalence of urinary incontinence in pregnant women, stress urinary incontinence due to diabetes, gynaecology disorders, and urinary incontinence in postmenopausal women are some of the major factors propelling the growth of the female stress urinary incontinence treatment devices market. Several other risk factors that increase the risk of developing stress urinary incontinence in women include high body weight, type of childbirth, age, pelvic surgery, etc.

A few medical conditions such as enlarged prostate, muscle damage, excess urine formation, multiple sclerosis, Parkinson’s disease, spinal cord injury, and loss of storage capacity in the rectum are also expected to boost the incidence of stress urinary incontinence among women, which is fuelling the demand for female stress urinary incontinence treatment devices.

The practice of using female stress urinary incontinence treatment devices has changed dramatically over the past decade. The number of procedures undertaken appears to be increasing, and the shift in relative numbers of different procedures has been remarkable. For instance, in England, the annual number of operations undertaken using female stress urinary incontinence treatment devices between 1997-1998 and 2005-2006 increased by 28%, despite a reduction of over 90% in the number of colposuspension and needle suspension procedures.

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Healthy Revenue Growth Projected through 2029

According to latest research by FMI, the global female stress urinary incontinence treatment devices market is estimated to have accounted for ~ US$ 560 Mn in terms of value in 2018. The report on the female stress urinary incontinence treatment devices market further projects that the female stress urinary incontinence treatment devices market is likely to grow at a CAGR of ~ 6% during the period 2019-2029.

However, due to the presence of wide range of products in the female stress urinary incontinence treatment devices market, small players are gaining interest and are selling their products at a lower price. Increase in the penetration of private-label brands at much lower prices is expected to decrease the average overall price of female stress urinary incontinence treatment devices. This is likely to restrain the growth of the global female stress urinary incontinence treatment devices market, as it is likely to hamper the demand for expensive products.

Rapid changes have taken place in developing countries over the past few years. The improper implementation of regulatory guidelines and the lack of proper healthcare infrastructure in developing regions, such as the Middle East & Africa and Latin America, are among factors that are expected to restrain the growth of the female stress urinary incontinence treatment devices market.

50% Revenue Shares Accounted by North America

The female stress urinary incontinence treatment devices market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. North America, followed by Europe, is a prominent region in the global female stress urinary incontinence treatment devices market. North America accounted for a revenue share of about 50% in 2018 in the female stress urinary incontinence treatment devices market. Europe also accounted for a prominent revenue share, and is followed by East Asia in the female stress urinary incontinence treatment devices market.

The female stress urinary incontinence treatment devices market report tracks some of the key companies operating in female stress urinary incontinence treatment devices market, such as Boston Scientific Corporation, BD, Coloplast Corporation, Caldera Medical, and Ethicon US LLC (Johnson & Johnson Services, Inc.). Majority of the key regional players in the female stress urinary incontinence treatment devices market highly focused on expanding their product connectivity and reach with the help of domestic distributors of female stress urinary incontinence treatment devices. Moreover, the manufacturers of female stress urinary incontinence treatment devices are focused to strengthening their businesses in high-growth markets, such as India, Japan, and China, by expanding their distribution and sales channels.

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Key Segments Of Female Stress Urinary Incontinence Treatment Devices Industry Survey Female Stress Urinary Incontinence Treatment Devices Market by Product Type:

  • Sling Systems
    • Mid-Urethral Slings
    • Sub-Urethral Slings
  • Pessaries
  • Artificial Urinary Sphincters (AUS)
  • Injectable Urethral Bulking Agents

Female Stress Urinary Incontinence Treatment Devices Market by End Use:

  • Female Stress Urinary Incontinence Treatment Devices for Hospitals
  • Female Stress Urinary Incontinence Treatment Devices for Gynaecological Clinics
  • Female Stress Urinary Incontinence Treatment Devices for Homecare Settings

Female Stress Urinary Incontinence Treatment Devices Market by Region:

  • North America Female Stress Urinary Incontinence Treatment Devices Market
  • Latin America Female Stress Urinary Incontinence Treatment Devices Market
  • Europe Female Stress Urinary Incontinence Treatment Devices Market
  • East Asia Female Stress Urinary Incontinence Treatment Devices Market
  • South Asia & Pacific Female Stress Urinary Incontinence Treatment Devices Market
  • Middle East & Africa (MEA) Female Stress Urinary Incontinence Treatment Devices Market

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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HIV/HBV/HCV Test Kits Market to reach a valuation of US$ 8.9 Billion by 2028

[319 Pages Report] The increasing burden of HIV and viral hepatitis infections is estimated to boost the HIV/HBV/HCV test kits market. Assay-based test kits are expected to contribute a large market share as these are the first line of tests prescribed to patients. Moreover, in most of the developing regions, healthcare professionals and patients rely on assay-based testing results. Increase in the number of initiatives undertaken by government organisations and NGOs to raise awareness regarding the available testing materials and treatment options is expected to boost the growth of the HIV/HBV/HCV test kits market over the forecast period.

The rising adoption of point-of-care testing is expected to boost the demand for rapid test kits and is anticipated to grow at a high rate during the forecast years. According to the latest report published by the FMI, the global HIV/HBV/HCV test kits market, in terms of market value, is expected to account for US$ 8.9 Bn by the forecast year 2028. The report further projects that the HIV/HBV/HCV test kits market will grow at an approximate CAGR of 6.4% during the forecast period 2022-2028.

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R&D, Clinical Trials, & Government Initiatives Collectively Provide Impetus

Over the past decades, HIV/HBV/HCV test kits have gained significant popularity and an upsurge in demand across the world. According to the United Nations Programme on HIV/AIDS (UNAIDS), the global prevalence of HIV was around 0.8% among adults in 2021, of which 75% of the people are aware of their HIV status. Of these, 79% are receiving treatment. The demand for combination rapid test kits is expected to grow at a high rate, which is estimated to contribute a high revenue share to the HIV/HBV/HCV test kits market over the forecast years. Combination rapid test kits provide the result for HIV, HBV, and HCV infection together by using one sample within 20 min to half an hour. This factor is expected to play an instrumental role in driving the growth of the HIV/HBV/HCV test kits market.

Lack of awareness regarding the available treatment options and the asymptomatic nature of infections is expected to hamper the growth of the HIV/HBV/HCV test kits market. In 2015, an estimated 257 Mn people were living with chronic hepatitis B infection, and 71 Mn people with chronic hepatitis C infection, due to lack of awareness regarding the symptoms. Hence, majority of the population remained underserved. The East Asia and Africa HIV/HBV/HCV test kits markets are expected to witness significant growth in the patient pool due to the high prevalence of infections in these regions, coupled with lack of awareness, poor healthcare infrastructure, and treatment facilities.

However, rising R&D and clinical trials, steps taken to reduce the cost of treatment, and initiatives by governments & NGOs to spread awareness and provide free check-up centres are some of the factors boosting the growth of the HIV/HBV/HCV test kits market. The East Asia HIV/HBV/HCV test kits market is estimated to create an approximate incremental $ opportunity worth US$ 7.7 Bn between 2022 and 2029.

The global HIV/HBV/HCV test kits market has been segmented by kit types, sample type, end user, and regions. Furthermore, the test kits type of HIV/HBV/HCV test kits market has been segmented into assay-based test kits, rapid test kits, and combination rapid test kits, which are used for the detection of HIV and viral hepatitis B & C infections. The sample type segment of the HIV/HBV/HCV test kits market is segmented into blood, urine, and saliva. Blood sample type is expected to hold a large share during the forecast period. In terms of end user, HIV/HBV/HCV test kits are segmented into hospitals, clinics, diagnostic laboratories, government organisations & NGOs, and others.

The report tracks some of the key companies operating in the HIV/HBV/HCV test kits market, such as Hoffmann-La Roche Ltd., Abbott Laboratories, bioMérieux SA, Bio-Rad Laboratories Inc., QIAGEN, Hologic Inc., Meridian Bioscience, Inc., Maternova, Siemens AG, and Creative Diagnostics. For more exclusive insights on the various other facets related to HIV/HBV/HCV test kits landscape

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Key Segments of HIV/HBV/HCV Test Kits Industry Survey

HIV/HBV/HCV Test Kits Market by Test Kit Type:

  • Assay-based Test Kits
  • Rapid Test Kits

HIV/HBV/HCV Test Kits Market by Sample:

  • Blood
  • Urine
  • Saliva

HIV/HBV/HCV Test Kits Market by End User:

  • HIV/HBV/HCV Test Kits for Hospitals
  • HIV/HBV/HCV Test Kits for Clinics
  • HIV/HBV/HCV Test Kits for Diagnostic Laboratories
  • HIV/HBV/HCV Test Kits for Government Organizations and NGOs
  • Others

HIV/HBV/HCV Test Kits Market by Region:

  • North America HIV/HBV/HCV Test Kits Market
  • Latin America HIV/HBV/HCV Test Kits Market
  • Europe HIV/HBV/HCV Test Kits Market
  • East Asia HIV/HBV/HCV Test Kits Market
  • South Asia & Pacific HIV/HBV/HCV Test Kits Market
  • Middle East & Africa (MEA) HIV/HBV/HCV Test Kits Market

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.

Contact Us:
Future Market Insights,
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Fiber Optic Test Equipment Market to Grow at 6.8% CAGR through 2030

Cost, performance, and reliability of equipment remain the top 3 expectations of fiber optic test equipment buyers, according to a survey conducted by Future Market Insights. The survey is part of the report that global fiber optic test equipment revenues market to grow at 6.8% CAGR through 2030.

Fiber optic cables have become the heart of modern-day data telecom network infrastructure. Technologies are playing key role in several businesses today, as majority of end users accent for more secured, faster, and larger communication system for network operations.

Fiber optics is leveraged on significant scales by various industries, and holds great potential going forward. As these network technologies continue to spread and user load continues to surge, development of standardized fiber optic test equipment has become increasingly crucial.

Key Findings

  • Adoption of optical spectrum analyzers and remote fiber test systems to surge
  • Stakeholders will continue to invest in handheld/portable equipment over the following decade
  • Sales to network equipment manufacturers and data centers will remain critical
  • US and Europe will remain lucrative, but opportunities in East Asian countries will be a key highlight

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COVID-19 Impact on Fiber Optic Test Equipment Market

As majority of people are working from home and connecting with their acquaintances online to avoid COVID-19 contagion, the connected ecosystem offered by telecommunication industry is highly beneficial. Surging need to connect remotely with colleagues and companions has shored up network traffic.

This rapid transition has highlighted the importance to establish resilient infrastructure networks during and after the COVID-19 chapter that can overcome crisis-led demand upsurges as well as potential disasters – thus, accenting for fiber optic cables.

In addition, companies are co-deploying fiber optic cables along other passive infrastructure networks such as roads, highways, railways, and power networks. Such activities are setting the stage for fiber optic test equipment market.

Competitive Landscape

The global market for fiber optic test equipment is moderately consolidated, as such, leading players are honing in on strategic mergers & acquisitions (M&A) to maintain their predominance in global landscape.

  • EXFO Inc. has taken over Astellia – which provides subscriber and network intelligence. With this acquisition, EXFO Inc. is looking to offer comprehensive fiber optic tester tools and network intelligence solutions to customers
  • Element Materials Technology has acquired PCTEST Engineering Laboratory Inc. with an aim to strengthen its position in testing and certification services domain in connected technologies industry
  • Corning has acquired all communication markets division of 3M Company in order to extend its reach to key growth regions, globally, and penetrate into in-building network market.
  • Viavi Solutions has collaborated with Ingram Micro (US) to distribute VIAVI test equipment in the US that are utilized for cable and fiber networks, and performance management solutions for business network infrastructure.

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Key SegmentEquipment Type

  • Optical Light Sources
  • Optical Power & Loss Meters
  • Remote Fiber Test Systems
  • Optical Time Domain Reflectometers
  • Optical Spectrum Analyzers
  • Other Test Equipment

Portability Type

  • Handheld/Portable
  • Bench-top

end use

  • Telecommunication Service Providers
  • Network Equipment Manufacturers
  • Data Centers
  • Cable Operator
  • Educational & Research Institutes
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • MEA

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
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For Media Enquiries: press@futuremarketinsights.com
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