Category: Uncategorized

The global valeryl chloride market size will reach $898 Million by 2032, and as per the FMI report published this year it’s estimated that share is set to grow at a CAGR 5%.

The increasing population has also increased the demand for better agrochemicals for faster and quality production. Advancements in agrochemical sectors are estimated to increase demand for valeryl chloride in the coming days. Agriculture-based economies are anticipated to remain at the forefront in sales of valeryl chloride.

Valeryl chloride is extensively driven by pharmaceutical and agrochemicals sectors. Aging population and advancement in the healthcare has led to increase in demand of better pharmaceutical products. Increasing general awareness amongst the general population has increased the demand for medicine for better physical and mental health, this all drives the valeryl chloride at a steady rate over the forecast period.

Increasing population have led to increase in the demand for better agrochemicals for faster and quality production. Advancements in agrochemical sectors is estimated to increase in demand of valeryl chloride.

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Valeryl Chloride Market: Regional Outlook

North America and Europe have established a dominant presence in the pharmaceutical market. U.S. being a key player in the pharmaceutical market because of the higher attractiveness of pharmaceutical industry for a wide range of customers with low levels of prize regulations, has always been a very positive market for pharmaceutical products, which in turn will drive the valeryl chloride market over the forecast period.

North America and Europe will witness a steady growth in the valeryl chloride market over the forecast period. In the Asia-Pacific region countries such as China and India have observed steady growth in the pharmaceutical and agrochemicals industries, which will propel the valeryl chloride market over the coming years. Government initiatives for better medical and health care have also pushed the valeryl chloride market positively.

Agrochemicals extensively will drive the market of valeryl chloride, Asia-Pacific holding a dominant share in this sector with increasing agricultural activities, leading to manufacturing of pesticides, crop protecting agents among others. Positive agricultural activities in Latin American countries such as Brazil, Colombia will keep witness a steady valeryl chloride market.

Investments of multiple pharmaceutical companies in Middle-Eastern companies and Africa holds the region a potential market for valeryl chloride, for now it will stays stagnant.

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The key players of Valeryl Chloride are:

Shiva Pharmachem, Omega finechem Pvt. Ltd., Zibo Shanqiang Plastic Co., Ltd., Chemicalland21, Tejraj Bros, Dev Enterprise, BASF SE, CABB Chemicals, Hangzhou Fanda Chemical, Jiangsu Baichang Pharmaceutical, Leonid Chemicals, Shandong Jiahong Chemical, Jinnan Fufang Chemical, Lianfeng Chemicals among others.

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Valeryl Chloride Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Valeryl Chloride market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Valeryl Chloride market segments and geographies.

Valeryl Chloride Market: Segmentation

The global Valeryl Chloride Market has been segmented by: Application

• Pharmaceuticals
• Agrochemicals
• Fragrances
• Electronics

The global valeryl chloride market has been segmented by: Purity

• 98%
• 99%

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background… Read Full TOC

Have a Look at Related Research Reports:

1-Hexene Market:The global 1-hexene market size is anticipated to reach US$ 117.9 Mn in 2022, exhibiting a CAGR of 5% during the forecast period of 2022-2023. A boost in the application industries is set to raise the demand for 1-hexene, thereby elevating market growth during 2022-2032.

Permethrin Market: The global permethrin market is expected to be worth nearly US$ 382 Million by 2032 from US$ 201.7 Million in 2022, growing at a CAGR of 6.6% during the forecast period. Permethrin is a complex compound that is used as an insecticide toxin. 

Piroctone Olamine Market: The global piroctone olamine market is valued at around US$ 73.0 Mn in 2022 and is anticipated to expand at a CAGR of 6.5%, reaching US$ 137.1 Mn by 2032. Growing demand for piroctone olamine for the production of hair care and cosmetics products is expected to drive the market.

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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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The global closed system transfer devices market was valued at USD 872 Million in 2022 and it is anticipated to grow at 18.1% CAGR during the forecast period to reach up to USD 3800 Million by 2032.

A closed system transfer device or “CSTD” is a drug transfer device, which mechanically restricts the transfer of environmental contamination in the medical system and the escape of hazardous drug or vapor concentrations outside the system. Open versus closed systems are commonly applied in medical devices to maintain the sterility of a fluid pathway. CSTDs work by preventing- uncontrolled inflow and outflow of contaminants and drugs, preserving the quality of the solution to be infused into a patient. These devices ensure the safety of healthcare workers during the usage of hazardous drugs or chemicals.

Closed system transfer device designs and models have changed at a rapid rate in recent years, resulting in the development of a number of independent testing methodologies to assess closed system transfer device performance. Currently, manufacturers in the closed system transfer devices market are focusing more on adhering to performance requirements, which largely focus on patient safety and sterile practices.

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Market Trends and Drivers:

The key factors such as rising use of CSTDs to combat the harmful effect of cytotoxic and antineoplastic drugs. Antineoplastic drugs are widely used in the treatment of cancer and are considered hazardous drugs. Healthcare workers involved in the preparation, transport, distribution, administration (pre and post-administration), and disposal of these drugs are at extremely high risk.

The National Institute for Occupational Safety and Health (NIOSH) recommends the use of CSTDs to eliminate the harmful effects caused by exposure to hazardous substances that escape out of the system during drug preparation and administration. CSTDs act as a barrier and prevents the entry of contaminants prevent the transfer of contaminants from the atmosphere to a sterile environment. Due to these advantages, CSTDs are increasingly being used in healthcare facilities to combat the harmful effects of hazardous drugs.

Chemotherapy, a widely adopted cancer treatment, uses one or more antineoplastic drugs, which destroy abnormal cells in patients. The use of closed system transfer devices (CSTDs) in conjunction with other safety precautions such as gloves, gowns, masks, and vented preparation hoods is an effective way to increase safety when preparing, transporting, administering, and disposing of hazardous drugs. With the increasing incidence of cancer and increasing adoption of chemotherapy treatments, the demand for CSTDs is expected to increase in the upcoming years.

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COVID-19 Impact:

The outbreak of COVID-19 led to a decrease in the demand for CSTDs during the first two quarters of 2020. Due to the virus containment norms and nationwide lockdowns, there were limited patient footfalls in hospitals, mostly related to COVID-19 and emergency cases. The elective medical procedures are on hold thereby causing a negative shift in the demand for CSTDs. Still, with the decline in the number of active COVID-19 cases coupled with the economic recovery in developed nations, further utilization of these devices may be expected in the near future.

Major Players in Closed System Transfer Devices Market:

The key players in the closed system transfer devices market are B. Braun Holding GmbH & Co. KG, Baxter International, Becton, Dickinson and Company, Caragen Ltd, Corvida Medical, Equashield, FIMI Opportunity Funds (Simplivia Healthcare), ICU Medical, JCB Co Ltd. (JMS Co Ltd.), Yukon Medical.

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Colorectal Cancer Molecular Diagnostics Market: The global colorectal cancer molecular diagnostics market garnered a market value of US$ 2.35 Billion in 2022 and is expected to accumulate a market value of US$ 5.07 Billion by registering a CAGR of 8% in the assessment period 2022-2032.

Hemostatic Gels Market: The global hemostatic gels market was valued at US$ 957.1 Mn in 2021, and is expected to expand at a CAGR of 6.8% to reach US$ 1.9 Bn by 2032.

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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.

Contact:

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Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

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According to Future Market Insights (FMI), the global hand tools market will increase at a 5.6 % annual rate in 2022, reaching a value of around US$ 15.06 billion by the end of the year.

Manufacturers have recognized the value of tool design manipulations, improvements, and the occasional inclusion of new features. Today’s tools must be durable, work reliably, and be built to meet the needs of the job for which they are chosen.

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Customizations such as extended tips to get into hard-to-reach areas or specially designed joints to make the tools even more user-friendly are in high demand. The global sales of hand tools are anticipated to grow at a CAGR of 5.9% during the period of 2022 and 2032.

Extended tips to reach hard-to-reach regions and specifically engineered joints to make the tools even more user-friendly are in high demand. Between 2022 and 2032, global hand tool sales are expected to expand at a 5.9% compound annual growth rate (CAGR).

The global focus on do-it-yourself (DIY) activities is propelling the hand tool industry. Between 2022 and 2032, the market for hand tools is estimated to rise at a 5.9% CAGR.

The global sales of hand tools are set to be valued at over US$ 15.06 Bn in 2022, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.9% CAGR from 2022-to 2032.

According to Future Market Insights, increasing usage of hand tools in the commercial end-use sector is the key influencing factor fuelling the demand for hammers, cutters, hand saws, and other hand tools. Demand is forecast to rise as the application in repair and maintenance work consistently grows.

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Expansion of the sales network will significantly boost the market. To entice the new players in the reselling sector, manufacturers are offering franchise stores with attractive benefits to the proprietor. Low initial establishment investment, complete guidance and training to run their outlets, detailed operation manuals and processes, sales and marketing, technical and operational support, and marketing & branding support such as website ads, newspaper ads, and so on are all examples of manufacturer support for proprietors.

In terms of product type, sales of wrenches are expected to account for maximum demand. Multi-purpose wrenches have long sought applications from professional builders and craftsmen in the construction industry. Versatile adjustable wrenches, torque wrenches, and pipe wrenches are commonly preferred types.

Key Takeaways from Hand Tools Market Study

·        By end-use, hand tools for commercial purposes are projected to hold over 37% volume share of the global market in 2022.

·        Sales of wrenches are expected to account for 34% of the market share on a value basis by the end of the forecast period.

·        Application of hand tools will remain maximum for DIY usage and usage at the regional level.

·        East Asia and South Asia Pacific will remain primary markets, accounting for over 35% of the demand by 2022 combined.

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“Surge in demand in DIY, commercial and industrial sectors will encourage market players to pursue innovations. Focus on product launches is therefore expected to remain high as competition grows in the hand tools market,” says a Future Market Insights analyst.

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Water Desalination Equipment Market – It is expected to grow at a CAGR of 9% during the forecast period. The market is expected to top US$ 25 Bn by 2032 owing to the growing scarcity of potable water resources across the globe.

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The global aluminum hydroxide market is projected to reach a valuation of US$ 2.8 Bn by 2032, exhibiting an annual growth rate above 5%. In 2022 sales reached 1.5 billion dollars

Aluminum hydroxide is an inorganic basic compound which is amphoteric in nature. Aluminum hydroxide is found in nature in the form mineral gibbsite. Generally aluminum hydroxide is white colored powder in nature.  Aluminum hydroxide is also known under the name of hydrate of alumina or aluminum trihydrate.

Aluminum hydroxide is one of the important component in aluminum ore i.e. bauxite. The freshly precipitated aluminum hydroxide is present in the form of gel. Commercially aluminum hydroxide is produced by Bayer’s process in which bauxite is dissolved into sodium hydroxide and the temperature is maintained up to 270’C.

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Aluminum hydroxide is used as a raw material for the production of various aluminum based compounds such as aluminum chlorides, zeolites, aluminum oxide etc. Aluminum hydroxide is an important part of the aluminum hydroxide market.

Aluminum hydroxide is used as a flocculent in water purification process. Aluminum hydroxide is also finding its application as an adsorbent or desiccant in gas purification process. In pharmaceutical industry aluminum hydroxide is used in the formulation of antacids due to its basic properties. Aluminum hydroxide is also used as filler material for fire retardants.

Aluminum Hydroxide Market: Dynamics

Polymers and plastics play a crucial role in this swiftly advancing modern industrial world, to increase the durability and enhance the properties of the plastics & polymers various additives such as flame retardants are being used. Increasing consumption of plastics & polymers is uprising the demand for fire retardants, which is a prime factor driving the growth of aluminum hydroxide market.

Increasing water pollution and increased environmental concern has elevated the need for waste water treatment, owing to which there rise in the demand for aluminum hydroxide. Up surged consumption of cosmetics and personal care products is positively influencing the aluminum hydroxide market.

Swift growth of chemicals and paper & printing ink industry is a positive impact for the aluminum hydroxide market. Rising population & increased urbanization has led to the growth of textile industry which in turn has resulted into the growth of aluminum hydroxide market.

Adaptation of hard and fast lifestyle has resulted into the increase in the problems such as acidity. Due to which, antacids are one of the popular medicine amongst the consumers, rising uptake of antacids is fueling the demand for aluminum hydroxide.

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Aluminum Hydroxide Market: Regional Outlook

Chemicals and pharmaceutical industries are flourishing in the regions of Asia Pacific. Also the rising population in Asia Pacific has triggered the rise in consumption of cosmetics & personal care products. Asia Pacific is also estimated to witness growth in the industries such as textiles, paper & printing inks etc. owing to the aforementioned factors Asia Pacific can be considered as prominent market for aluminum hydroxide.

There is significant presence of chemical and pharmaceuticals industry in the regions such as North America and Europe, besides it rising adoption of polymers & plastics and surging demand for fire retardants to meet up quality requirements & to enhance the durability of polymers is expected to drive the growth of aluminum hydroxide market in these regions.

Increasing number of waste water treatment activities in Middle East and growing number of industries along with industrial activities in Africa is estimated to make Middle East & Africa potential market for aluminum hydroxide. Latin America is estimated to be promising market for aluminum hydroxide owing to the rising demand for plastics & polymers and increase in industrial activiites.

Aluminum Hydroxide Market: Key Participants

Examples of some of the market participants operating in the global aluminum hydroxide market are

Magxid Fine Chem, Sumitomo Chemical Co., Ltd., Albemarle Corporation, Radhaji Pharma Chem, P J Chemicals, Avanschem, Showa Denko, Nabeltec AG, Huber Engineered Materials, Nashtec LLC, MAL Hungarian Aluminum and Hindalco Chemicals among others.

The Aluminum Hydroxide pigment market research report presents a comprehensive assessment of the Aluminum Hydroxide pigment market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The Aluminum Hydroxide pigment market research report provides analysis and information according to Aluminum Hydroxide pigment market segments such as geographies, application and industry.

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Aluminum Hydroxide pigment Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Aluminum Hydroxide pigment market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Aluminum Hydroxide pigment market segments and geographies.

Aluminum Hydroxide Market: Segmentation

The global aluminum hydroxide market can be segmented on the basis of its grade, form, application and by end use:

The global aluminum hydroxide market is segmented on the basis of its grade:

• Pharmaceutical Grade
• Industrial Grade

The global aluminum hydroxide market is segmented on the basis of its form:

• Powder
• Gel

The global aluminum hydroxide market is segmented on the basis of its application:

• Flocculants
• Adsorbent
• Desiccant
• Filler
• Catalyst
• Antacid formulations

The global aluminum hydroxide market is segmented on the basis of its end-use:

• Waste water treatment
• Plastics & polymers
• Pharmaceuticals
• Chemicals
• Cosmetics & Personal Care
• Textiles
• Paper & printing inks

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

Read Full TOC of Report

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About Us  

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

Contact: 

Future Market Insights Inc.   

Christiana Corporate, 200 Continental Drive, 

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The global perfume pack market is expected to reach US$ 2.3 Bn in 2022. With sales growing at a 4.7% CAGR over the forecast period, the market valuation is set to reach US$ 3.6 Bn by 2032.

Perfume packs are packaging solution made from glass or plastic material to fill, store, and deliver perfumes to end-users. Usually, glass is preferred to manufacture perfume packs as it protects the product from external environmental factors and provides excellent protection against oxygen-sensitive products such as phytochemicals and oils.

In addition to this, glass protects the perfume and its scent from direct sunlight. This helps in maintaining the product quality. The perfume contains certain chemicals which need to be protected against the external factors, therefore glass perfume packs are more preferred packaging solutions.

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Perfume packs are available in different capacities based on the requirement such as less than 10 ML, 10 ML – 50 ML, and above 50 ML. They can be customised in terms of shape and design. The customized size and design increase its use in luxury perfume packaging which creates opportunities for perfume pack manufacturers.

Also, product innovation by perfume manufacturers is driving the demand for more durable and attractive perfume packs. In addition to this, the emergence of small and medium perfume manufacturers across the globe will bolster sales of perfume packs.

“Increasing demand for decorative perfume packaging for improving brand image, along with growing preference for recyclable materials for perfume packaging will boost sales of perfume packs over the forecast period,” says an FMI analyst.

Key Takeaways:

·        Based on the material, the glass segment is projected to hold around a 3/4^th of the market share by the end of 2022.

·        The preference for standard bottles creates a growth opportunity for the perfume pack market which is projected to be worth US$ 1.1 Bn during 2022-2032.

·        As per the capacity segment, above 50 ML perfume pack are projected to hold around 65% of the market share by the end of 2032.

·        The increasing perfume production and consumption in Europe and North America region is estimated to propel the demand for perfume packs in these regions.

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Competition Landscape

Gerresheimer AG, Berry Global Group, Amcor plc, Stölzle-Oberglas GmbH, SGB Packaging, Corpack GMBH, Aptar Group, and Alpha Packaging are the key players operating in the perfume pack market. Also, the other noticeable players include H&K Müller GmbH & Co. KG, Yonwoo C. Ltd., Quadpack, Plásticos FACA S.A, and others. Around 15-20% of the global perfume pack market is estimated to be covered by tier 1 players.

Perfume Pack Market By Category

By Material:

• Glass
• Plastic

By Product Type:

• Standard Bottles
• Pocket Spray Bottles
• Vials

By Capacity:

• Less than 10 ML
• 10 ML – 50 ML
• Above 50 ML

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Impact of Covid-19

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Value Chain Analysis

        3.3.1. Profit Margin Analysis

        3.3.2. Manufacturers, Wholesalers and Distributors

        3.3.3. End Users

    3.4. Regional Parent Market Outlook

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

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Transparency Market Research (TMR) has published a new report titled “Shock Wave Therapy Device Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. According to the report the global shock wave therapy device market was valued at US$ 91.6 Mn in 2016 and is projected to expand at a CAGR of 5.0% from 2017 to 2025. The report suggests that increase in number of bone injuries and rise in demand for chair time optimization is projected to boost the shock wave therapy device market during the forecast period (2017 to 2025). North America and Europe are projected to dominate the global market owing to increase in adoption of shock wave therapy device for treatment by orthopedic doctors and patients. The market in Asia Pacific is projected to expand at exponential CAGR during the forecast period. Growth of market in Asia Pacific is attributed to large number of private clinics and hospitals, rise in the number of geriatric population requiring physiotherapy services after bone surgery, and increase in adoption of sports activities among the youth. The market for shock wave therapy device in Latin America is likely to expand at moderate growth rate during the forecast period.

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Value Added Features in Shock Wave Therapy Device to Fuel Global Market Expansion

The global shock wave therapy device market is projected to be driven by value added features offered by various shock wave therapy device companies to streamline the day-to-day work flow and increase revenue of practices. The shock wave therapy device provides a wide range of features and benefits from patient pain healing remedies to treatment procedures at varied frequencies. These features help physicians and nurse to streamline physiotherapy activities required for the patients to maintain their daily routine efficiently and effectively. Key players offering shock wave therapy devices are coming up with value added features such as effective probes, sensors, ultrasound devices, laser connectivity, effective modality features, and imaging modules, thereby reducing the overall operating cost and improving the effectiveness and efficiency of physiotherapy. These companies are focusing on developing combined shock wave therapy facilities in their system to effectively integrate therapy or treatment procedure along with imaging tools such as cameras, digital radio-graphs, high sensors, and patient education & awareness programs. These value added features save operational time of physicians and help improve pain management performance.

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Radial or Ballistic Shock Wave Generation is Projected to be a Highly Lucrative Deployment Mode

Focused shock wave generation based technology is commonly used in the pain management therapy. This technology is associated with electromagnetic, electrohydraulic, and piezoelectric methodology. Price of this technology is based on perpetual license model. The radial or ballistic shock wave generation technology enables the usage of shock wave therapy device in low frequency clinical applications. This allows healing of extreme pain in musculoskeletal structures and assures 90% recovery. These attributes are likely to propel the segment during forecast period. Radial or ballistic shock wave generation based technology addresses specific challenges faced during the treatment procedure due to its low frequency shock wave therapy. The radial or ballistic shock wave generation technology provides pain relief, increase in range of motion and muscular strength in patients who have undergone bone injury.

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Orthopedic and Urology Application of Shock Wave Therapy Device Leads the Market

The report offers detailed segmentation about applications of shock wave therapy device into orthopedic, cardiology, erectile dysfunction and urology. The orthopedic and urology segment is expected to account for a leading share of the market during the forecast period (2017-2025). High share of the orthopedic and urology segments are attributed to rise in orthopedic surgeries, prevalence of kidney stones among global population, and increase in demand for lithotripsy by physicians and patients contribute to the high market share of the orthopedic and urology segments. Furthermore, availability of various reimbursement and Medicare benefits for patients for the treatment of diseases is projected to propel the orthopedic & urology segments.

Hospitals Segment to Dominate the Market During the Forecast Period

The hospitals segment accounted for a leading share of the global shock wave therapy device market. It is estimated to gain market share by the end of 2025. The segment is expected to expand at a CAGR of more than 5% during the forecast period. Expansion of the specialized pain management service, increase in number of orthopedic patient footfall in hospitals, and adoption of digital platforms for marketing pain management practices has contributed to the dominant share of the segment. Increase in number of multinational hospital chains and high digitization budgets are likely to drive the hospitals segment during the forecast period. High prevalence and incidence rates of bone injuries and kidney stones and increase in number of cases of erectile dysfunction across the global has increased patient flow to clinics. These factors are expected to fuel the clinic segment between 2017 and 2025.

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Asia Pacific to Create Business Development Opportunities

North America and Europe accounted for a major share of the global shock wave therapy device market in 2016 and are likely to gain their share by 2025. High adoption of digital platforms for pain management, rise in health care budgets, and government initiative to promote minimally invasive surgery techniques have contributed to the dominant market share of these regions. Asia Pacific is projected to be the most lucrative market, with highest attractiveness index. The market in the Asia Pacific region is projected to expand at a CAGR of over 6% during the forecast period. Expansion of the market in the region is due to large number of clinics in emerging countries such as India and China, well established health care facilities and high adoption of digital health care technology in countries such as Japan, Australia & New Zealand, Malaysia, and Singapore. Market in Latin America is anticipated to expand at a moderate growth rate during the forecast period.

Key trend of research and development among the leading Players to Increase Geographic Presence has been observed in last few years.

The report also provides profiles of leading players operating in the global shock wave therapy device market. EMS Electro Medical Systems S.A., BTL Corporate, Dornier MedTech GmbH, and Zimmer MedizinSysteme GmbH are some leading players operating in the global shock wave therapy device market. These companies are engaged in increasing their geographic presence through strategic acquisition and collaboration with other leading players. In October 2017, Dynatronics Corporation partnered with Zimmer MedizinSysteme GmbH (Zimmer) for exclusive distribution of select therapy equipment in the U.S. Other prominent players operating in the global shock wave therapy device include Siemens AG, Boston Scientific Corporation, and Guangzhou Longest Science & Technology Co.

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Transparency Market Research is a global market research firm offering the latest market research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Peaking Power Plant: Introduction

Transparency Market Research delivers key insights on the global peaking power plant. In terms of revenue, the global peaking power plant is estimated to expand at a CAGR of ~2% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global peaking power plant.

The global peaking power plant market is broadly affected by several factors, including rise in incidence of peak hours and ongoing investment in peaking power plants. Furthermore, rise in deployment of renewable technologies due to the introduction of stringent regulations to minimize carbon emissions and decline in their component cost are some of the factors anticipated to propel the global peaking power plant market.

Peaking Power Plant Market: Dynamics

Industrialization and urbanization has been increasing significantly across the globe since the past few years. This has boosted the global demand for electricity. Global electricity consumption rose by 24.3% in 2019 since 2010. China accounted for 28% of the global electricity consumption in 2019.

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The demand for electricity has increased in China, owing to steady economic growth and rise in industrial demand for electricity. In 2019, China consumed 6,510 TWh of electricity, a 4% rise from that in the previous year. The need for electricity has also increased in other countries of Asia Pacific such as India, South Korea, Japan, and Indonesia.

The demand for electricity is expected to continue to rise across the globe during the forecast period. The world is focusing on renewable energy to cater to the high demand for electricity. Renewable energy (solar and wind) is a prominent source of electricity generation. However, renewable energy is an intermittent source of energy; hence, it is difficult to provide stable, reliable base power. Peaking solutions provide dispatchable power and are designed to balance out any volatility.

In terms of type, the natural gas segment dominated the global peaking power plant market in 2020. The segment is expected to expand at a CAGR of 2.24% between 2021 and 2031. Natural gas has unique properties that makes it an ideal fuel for peaking power plants. Natural gas offers a number of significant advantages relative to other fuels. For instance, it emits less emission and is cost efficient. It is also abundantly available. These properties of natural gas make it a preferable option in the peaking power plant market.

Based on capacity, the 101MW – 500 MW segment constituted key share of the global peaking power plant market in 2020. Ongoing investment in development of natural gas peaking power plants with capacity between 101MW and 500 MW is expected to propel the segment during the forecast period.

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Peaking Power Plant Market: Prominent Regions

The peaking power plant market in Europe is projected to expand significantly during the forecast period, owing to a surge in investment in the development of renewable technology-based power generation facilities in order to cater to the significant rise in the demand for electricity in the region. For instance, more than 40MW of renewable capacity is scheduled to come to auction in Europe by the end of 2021.

The peaking power plant market in Asia Pacific is projected to expand considerably during the forecast period. China dominated the peaking power plant market in Asia Pacific in 2020. Shift in focus of governments from production of conventional energy to production of renewable energy, and rise in the number of peak hour incidence are the key factors driving the peaking power plant market in Asia Pacific.

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Peaking Power Plant Market: Key Players

Major players operating in the global peaking power plant market are Wartsila, General Electric, MAN Energy Solutions, Edina, Gama Investment a.s., Clarke Energy, WSP, APR Energy, and ENGIE.

Global Peaking Power Plant Market: Segmentation

Peaking Power Plant Market, by Type

·         Natural Gas

·         Hydropower

·         Biogas

·         Diesel

Peaking Power Plant Market, by Capacity

·         Below 100 MW

·         101 MW – 500 MW

·         501 MW – 1000 MW

·         Above 1000 MW

Peaking Power Plant Market, by End User

·         Residential

·         Commercial

·         Industrial

·         Utility

Peaking Power Plant Market, by Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

 

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Transparency Market Research is a global market research firm that offers the latest market research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

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Transparency Market Research Inc.
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Transparency Market Research delivers key insights on the global AI in medical imaging market. In terms of revenue, the global AI in the medical imaging market is estimated to expand at a CAGR of 36.1% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global AI in medical imaging market.

Artificial intelligence (AI) is the imitation of human intelligence progressions by machines, mainly computer systems. Artificial intelligence has extensive applications in the healthcare sector. AI solutions assist healthcare providers in several aspects of patient care and administrative processes. Medical imaging can be defined as the diagnostic procedure that encompasses the formation of visual assistance and image representations of the human body and includes the monitoring of the execution and working of the organs of the human body.

Artificial intelligence primarily consists of two types, machine learning and robots. Machine learning comprises the recognition and application of the algorithm in computer systems for the interpretation of images, whereas robots assist doctors, patients, and operators in diagnostic procedures.

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AI in Medical Imaging Market: Dynamics

The health industry is full of key innovators. Key market players operating in the AI in medical imaging market are closely working with healthcare startups and professionals to develop cost-effective and technologically advanced medical treatments. There is a rise in cross-industry partnerships and collaborations, which is aiding AI in medical imaging market. Firms working in the AI in medical imaging market are extensively investigating the potential benefits of AI in medical imaging and creating advanced solutions. Thus, several market players are engaged in signing partnerships to provide better healthcare solutions. For instance, Radiology Partners (RP), a leading U.S. company, formed a strategic alliance with Aidoc, the leading supplier of AI-based solutions for medical imaging, to provide best AI capabilities to health systems and hospitals and accelerate the implementation of AI as the standard of care in radiology.

Furthermore, innovative health start-ups are participating in rounds of funding and raising investments from top companies. Some companies are adopting the practice of merging. For instance, Babylon merged with Alkuri Global Acquisition Corp. to go public. Players operating in the AI in medical imaging market are resorting to partnerships and collaborations to provide better healthcare solutions.

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Growing Inclination of Doctors toward AI-based Assistance

The increasing recognition of the advantages offered by AI techniques and their wide utilization areas have led to the adoption of AI in the healthcare and medical imaging sectors. Several key players in the AI in medical imaging market are beginning to merge or collaborate with leading AI technology providers to innovate AI-based solutions for applications in healthcare. Such approaches allow these market players to offer advanced solutions to their consumers and establish their position in this dynamic market space. Due to the expanding demand for AI-based techniques, achieving advancements are encouraging companies to gain momentum in terms of developing advanced products and tools. However, there are several areas wherein the AI technology is expected to witness a great impact. This includes enhanced diagnosis and incidental findings of images, predictive image analysis, and workflow efficiency with data analysis, report generation, and prioritization of key findings. This is likely to generate new opportunities for the players in the AI in medical imaging market.

Practitioners and radiologists consider that skills such as empathy and persuasion are humanistic skills, and thus, technologies cannot entirely rule out the presence of a specialist. Besides, there is a concern that patients may show an undue preference toward these technologies and may abandon necessary in-person methods, which might also challenge long-term doctor-patient relationships. However, presently, many healthcare experts have suspicions about the abilities of AI solutions in terms of precisely diagnosing patient conditions. Thus, it is challenging to persuade providers that AI-based solutions are cost-effective, practical, and safe solutions that offer assistance to doctors and better care for patients. Nevertheless, there is a possibility in the upcoming years that medical experts and radiologists might show more inclination toward AI-based technologies in healthcare. This is likely to prove propitious for the global AI in medical imaging market during the forecast period.

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AI in Medical Imaging Market: Prominent Regions

In terms of region, North America is anticipated to dominate the global AI in medical imaging market, owing to strategic investment of companies in the technology sector. The intent of these collaborations is to generate new sources of revenue through new customers. The North America AI in medical imaging market is expected to expand at a speedy pace in the upcoming years. Technological advancements and high rate of adoption of artificial intelligence technologies are key drivers of the market in the region. Furthermore, the presence of key players and an increase in investment in the healthcare ecosystem have fueled the demand for artificial intelligence in medical imaging in North America.

The AI in medical imaging market in Asia Pacific is estimated to expand at a robust pace during the forecast period. In Asia Pacific, the adoption of artificial intelligence in healthcare is expected to increase significantly during the forecast period. The expansion of the market in the region can be attributed to an increase in R&D expenditure and developments in the biotechnology and pharmaceutical sectors. Moreover, spending in the healthcare sector has increased, and countries of the region are steadily focusing on the development of a robust healthcare infrastructure for patient treatment and diagnoses. According to Invest India, the hospital sector in India is witnessing substantial investor interest from both domestic and global investors that will subsequently support the AI in medical imaging market.

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AI in Medical Imaging Market: Key Players

Key players operating in the global AI in medical imaging market are Agfa Healthcare, Ada Health GmbH , Arterys, Bay Labs, Inc. (Caption Health Inc.), Babylon, BenevolentAI, Butterfly Network, Inc., EchoNous, Inc., Enlitic, Inc., Gauss Surgical, GE Healthcare, IBM Corporation, Lunit Inc., Microsoft Corporation, NVIDIA Corporation, Philips Healthcare, OrCam, Qure.ai, Siemens Healthineers AG, and Zebra Medical Vision.

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About Us

Transparency Market Research is a global market intelligence company providing market research reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

According to a recent study by Future Market Insights (FMI), the cathodic protection market will witness a robust expansion at nearly 5.6% CAGR through 2028. In addition, the Market is projected to reach a valuation of US$ 7.3 Bn by the end of 2028. 

According to the National Association of Corrosion Engineers (NACE) ‘International Measures of Prevention, Application and Economics of Corrosion Technology (IMPACT)’ study; the global cost of corrosion was over US$ 2,500 Bn in 2013. However, by using the currently available corrosion control practices, only around 15% to 35% of the total cost of corrosion can be saved, which is between US$ 375 Bn – and US$ 875 Bn.

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The increasing global cost of corrosion has resulted in a significant rise in the need for technologies related to its prevention, which in turn is creating demand for solutions such as cathodic protection. Additionally, the essentiality of corrosion protection and control in industrial sectors, for the prevention of any catastrophic events, is a key factor underpinning the growth of the cathodic protection market.

Cathodic protection is a globally used technique to control the corrosion of a metal surface in a harsh environment. Owing to the efficient and reliable corrosion protection technology, the Cathodic protection market is estimated to grow at a significant rate during the forecast period, supported by the increasing demand for corrosion prevention technologies to minimize the direct cost of corrosion.

Cathodic Protection Market: Segmentation Analysis

Cathodic Protection Market Analysis by Solution

By solution, the cathodic protection market has been categorised into products and services. The products segment can be further divided into anodes, power supplies, junction boxes, test stations, remote monitors, coatings, instrumentation, and others.

Services include inspection, design & construction, and maintenance. Leading players in the market provide almost all the products and services for cathodic protection to various end users.

Cathodic Protection Market Analysis by Type

By type, the cathodic protection market is segmented into galvanic (sacrificial anodes) and impressed current. The impressed current-based cathodic protection continues to hold bulk shares of the market, nearly 80%.

Demand for cathodic protection based on impressed current continues to remain influenced by the high cost of alternative methods available for cathodic protection currently.

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Cathodic Protection Market Analysis by Application

By application, the cathodic protection market has been categorized into pipelines, storage facilities, processing plants, water & wastewater, transportation, building, and others.

Government regulations related to the corrosion protection of industrial infrastructures continues to influence growth of the cathodic protection market.

The more regulations are imposed, the more cathodic protection is required, and more accurate and detailed the testing and records need to be. This is expected to significantly boost growth of the cathodic protection market in the near future.

Cathodic Protection Market Analysis by Region

From a regional perspective, the North American market is projected to be a prominent market, owing to significant pipeline integration in the oil & gas industry. Europe is projected to hold over one-fourth share of the cathodic protection market.

The market in the Asia Pacific is anticipated to expand at a relatively higher CAGR, owing to the increasing investments in infrastructure development, and increased spending on the maintenance of existing infrastructure. China is expected to be the most lucrative market for cathodic protection, with sales projected to grow at a CAGR of over 7% through 2028.

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Cathodic Protection Market: Vendor Insights

Key players operating in the cathodic protection market include Aegion Corporation, BAC Corrosion Control Ltd., Cathodic Protection Company, Cathodic Protection Management, Inc., Corrosion Protection Specialist Private Limited, Farwest Corrosion Control Company, Imenco AS, Matcor, Inc, MG Duff International Ltd, Perma-Pipe Inc., SAE Inc., Southern Cathodic Protection, Tecnoseal Group, The Nippon Corrosion Engineering Co., Ltd., and Nakabohtec Corrosion Protecting Co., Ltd.

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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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NEWARK, Del: Microbial Food Culture Market was projected to reach a valuation of US$ 1.9 Bn in 2022 and expected to reach at US$ 3.5 Bn in 2032, likely to surge at a vigorous 6.1% CAGR during Forecast 2022 – 2032.

Microbial food cultures are a group of microorganisms such as bacteria, fungi, and mold used in the food and beverage industry for processing food items. They are often used to preserve food, improve and enhance the nutritional value, so it does not depreciate.

Times before now, fermentation has been a food preservation process practiced worldwide. Fermented food products have been part of humans’ regular diet. There are many health benefits attributed to fermentation as a food preservation process, and this has fostered the rise in demand for food products or items preserved through it.

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The microorganisms used in food cultures often impart acidity, flavour, and texture to final food products. While the organisms are present on food naturally, they can also be added artificially as a starter culture in the industrial food processing.

Growing demand for natural products, rising disposable income, and the increasing number of working women are major factors driving the growth of the global microbial food culture market. Other factors, like increasing consumers’ awareness regarding the health benefits associated with the consumption of natural products, is another growth driver expected to drive the microbial food cultures market forward over the forecast period.

Microbial Food Cultures Market Growth Driven by Increasing Demand for Starter Cultures

Over the years, there has been substantial growth in the consumption of fermented food products due to their valuable traits such as the extension of shelf life, preservation, and sensory quality. These attributes have fostered the rise in demand for microbial food cultures market, and this is expected to continue over the forecast period.

However, fermented food products are manufactured using the starter cultures process for specific and expectable fermentation. Starters such as yeast and Lactic Acid Bacteria (LAB) are the highly studied starters used in various fermented food product production process.

Growing Consumer Demand for Healthy Food Products

With the rise in awareness regarding the health benefits associated with the consumption of fermented food products, there has been a surge in demand for microbial food cultures globally. Consumers are on the rise for healthy food products such as functional food and probiotic food supplements.

This surge in consumers’ demand has fostered the increase in demand for microbial food cultures, and this is expected to continue over the forecast period. In addition, manufacturers are switching towards the production of new food products with value addition of

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Microbial Food Cultures Market: Competitive Landscape

• AECI Limited
• CSK Food Enrichment
• Cargill Incorporated
• Chr. Hansen A/S
• Lactina Ltd.
• Koninklijke DSM N.V.
• Frutarom
• The TATUA Co-operative Dairy Company Ltd
• Vitakem Nutraceutical In.

Microbial Food Culture Market by Category

By Product Type:

• Probiotics Culture
• Starter Cultures
• Adjunct and Aroma Cultures

By Microorganism Type:

• Bacteria
• Mold
• Yeast

By Function:

• Flavoring Agent
• Texturizing Agent
• Preservative Agent
• Coloring Agent
• Nutritional Agent
• Other Functions

By End-Use Industry:

• Dairy Industry
• Beverages
• Bakery and Confectionery Industry
• Fruits and Vegetable Industry
• Other Industries

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Frequently Asked Questions

·        What is the demand outlook for the microbial food culture market currently?

·        At what growth rate is the microbial food culture market expanding?

·        How much is the microbial food culture market expected to be valued at over the forecast period?

·        Where is the microbial food culture market expected to expand in the coming years?

·        Who are the key players in the microbial food culture market?

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Taste Modulators Market: According to the Taste Modulators industry analysis by Future Market Insights (FMI), the demand registered in the Taste Modulators market will increase at a CAGR of 9.4% from 2022-2032. 

Almond Ingredients Market: According to the Almond Ingredients analysis by Future Market Insights (FMI), the demand registered in the Almond Ingredients market will increase at a healthy CAGR of 10% from 2022-2032. 

Microencapsulation Market: According to the Microencapsulation industry analysis by Future Market Insights (FMI), the demand registered in Microencapsulation market will increase at a CAGR of 8.2% from 2022-2032.

Feed Pigments Market: According to the Feed Pigments analysis by Future Market Insights (FMI), the demand registered in the Feed Pigments market will increase at a healthy CAGR of 6.2% from 2022-2032. 

Freeze Dried Fruits Market: According to the Freeze-Dried Fruits industry analysis by Future Market Insights (FMI), the demand registered in Freeze Dried Fruits market will increase at a CAGR of 5% from 2022-2032. 

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