TECHNOLOGY FACTS

Orthopedic Power Tools Market Future Challenges Outlook Illuminated by New Report

Orthopedic power tools are used in the treatment and prevention of impairments caused by physical injuries, or birth-related disorders regarding musculoskeletal systems. Orthopedic power tools are devices manufactured for carrying out specific actions such as fixing implants, and drilling in surgical procedures. These are electrically operated devices that facilitate surgeons in performing surgeries with high precision and in lesser time. Large bone power tools, small bone power tools, and high speed power tools are included in the orthopedic power tools currently available in the orthopedic power tools market.

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Orthopedic power tools market remains influenced by prevalence of minimally invasive surgeries, which create demand for treating various disorders such as neurosurgical, spinal and orthopedic diseases. Minimally invasive surgeries require orthopedic power tools, which carry out surgeries with a miniscule incision, lower the risk of bleeding, have shorter hospital stay post-surgery, and offer faster recovery. Growth of orthopedic power tools market is driven by increased adoption of robotic surgery, owing to limited availability of skilled surgeons worldwide. Surgical robots with multiple arms are foraying into healthcare sector with their high surgical efficiency, with the capability of handling various equipment at the same time, thereby driving growth of orthopedic power tools market. However, hospital consolidation, cost-containment pressures, medical device excise taxes, and unfavorable reimbursement policies are some factors expected to restrain expansion of orthopedic power tools market.

In its new report, Fact.MR has projected the orthopedic power tools market to register an average expansion throughout the forecast period, 2017 to 2026. Roughly US$ 2,500 Mn revenues will be reaped from the orthopedic power tools market by 2026-end.

Rapid technological advancements, and increasing volume of orthopedic procedures have accelerated growth of orthopedic power tools market in North America. In terms of revenues, the largest share of the orthopedic power tools market will be accounted by North America during 2017 to 2026. Europe and Asia-pacific excluding Japan (APEJ) will also remain lucrative regions for growth of the orthopedic power tools market.

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A paradigm shift is being observed in the orthopedic power tools market from conventional reusable orthopedic power tools toward use of disposable or single-use orthopedic power tools. This is mainly to prevent the risk of infection in individuals caused by reusing & reprocessing the same orthopedic power tools on many individuals. In addition, single-use orthopedic power tools are cost-effective, and are pre-sterilized prior to their delivery to hospitals in a single-use format. Owing to these factors, sales of single-use power tools are projected to register the fastest expansion in the orthopedic power tools market through 2026, based on modality.

Large bone power tools will remain most lucrative product in orthopedic power tools market, followed by high-speed power tools. These power tools find huge application in trauma-related surgeries, and knee & hip reconstruction surgeries. Compared to large bone and high-speed power tools, small bone power tools will account for a significantly lower revenue share of the market throughout the forecast period.

Orthopedic clinics and ambulatory surgical centers are projected to be the fastest expanding end-users in orthopedic power tools market. On the other hand, sales of orthopedic power tools in hospitals will register a relatively lower CAGR than that in orthopedic clinics and ambulatory surgical centers through 2026.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Self-Administered Medication Market Current Industry Status and Growth Opportunities Forecast to 2026

Growing prevalence of chronic diseases has led to surge in the number of disabilities and cause of death. As prevalence of these diseases require frequent treatments, self-administered medication remains a cost-effective alternative. Increasing demand for self-treatment and healthcare management has led the self-administered medication market players to focus on developing medications and vaccinations that can be used for treatment at home.

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Prevalence of chronic diseases such as arthritis, asthma, inflammation and gastrointestinal diseases will impact growth of the self-administered medication market. As treatment of these diseases include vaccinations regularly, frequent visits to the hospital can be an expensive option. Moreover, growing need for treatment in the emergency conditions such as asthma and bronchitis has led growth of self-administered medication market. Immediate treatment of chronic disorders is expected to rev up demand for nasal sprays, eye drops, ear drops and tablets that provide quick relief to the patients. Bound to such factors, the self-administered medication market will witness significant growth.

Recent trend witnessed show that the self-administered medication market players are increasingly collaborating with the delivery device companies in order to underscore lucrative opportunities. For instance, Takeda has recently collaborated with Portal Instruments in order to develop a needle-free drug delivery device for delivering biologic medicines. The Portal devices delivers biologic drugs through pressurized liquid instead of through the needles. As manufacturers are increasingly focusing on developing improved drug delivery devices, the self-administered medication market is expected to witness significant growth.

On the other hand, various factors are impacting growth of self-administered drugs negatively. Risks of making errors during the dosage administration practices is expected to impact the self-administered medication market adversely. Moreover, lack of awareness regarding various drug administration devices will further affect the global self-administered medication market growth negatively. In addition, improper designing or directions to use the drug delivery devices could pose significant challenges to self-administered medication market growth. Bound to these factors, the self-administered medication market will witness declined growth during the forecast period.

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Growing prevalence of asthma has led to an upsurge in demand for inhalers in the self-administered medication market. On the basis of product type, the inhalers will witness robust sales in self-administered medication market, accounting for a value of over US$ 20,000 Mn by 2026-end. On the other hand, the insulin product type segment is expected to register a robust CAGR through 2026.

Nasal route of administration will remain preferred in self-administered medication market, recording a value of over US$ 10,000 Mn by the end of 2017. In contrary to this, the transdermal route of administration segment is expected to register the highest CAGR through 2026.

By distribution channel, hospital pharmacies will spearhead the self-administered medication market, accounting for a value of over US$ 20,000 Mn by the end of 2026. However, the online pharmacies distribution channel segment is expected to register a healthy CAGR through 2026.

Leading players operating in the self-administered medication market include Abbott Laboratories, Purdue Pharma LP, Sanofi S.A., Pfizer, Inc., Mylan N.V., Novartis AG, Amgen Inc. and others.

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SiC & GaN Power Semiconductor Market: Demand and Key Players by 2026 Reported in Latest Research

Increasing production of hybrid electric vehicles and electric vehicles globally is fueling the demand for power semiconductor devices such as SiC and GaN. Also, the growing use of mobile devices is contributing to the demand for SiC & GaN power semiconductor. With the increasing use of SiC, SiC metal-oxide semiconductor field-effect transistors (MOSFET) have gained immense popularity among manufacturers. Meanwhile, GaN-on-silicon (GaN-on-Si) devices are also anticipated to witness growth in the coming years. GaN semiconductor devices are also witnessing increasing application in automotive, information and communication technology, consumer electronics and medical. Also, the advancement in semiconductor and power electronics is helping companies to improve power management and battery capacity.

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As per the report by Fact.MR, the global SiC and GaN power semiconductor market is expected to witness robust growth, increasing at a CAGR of 24.7%. The global SiC & GaN power semiconductor market is also projected to reach US$ 2,986.3 million revenue by the end of 2026. Increasing adoption of mobile devices and other electronic devices is driving the need of semiconductors, this, in turn, is resulting in the increasing use of SiC & GaN to power semiconductor devices and at the same time offering various advantages. Following are the insights showing how the global SiC & GaN power semiconductor market will perform in the coming years.

Asia Pacific Excluding Japan (APEJ) to emerge as the dominating region in the global SiC & GaN power semiconductor market. By the end of 2026, APEJ is projected to bring in more than US$ 2,200 million revenue. Increasing demand for mobile devices, the presence of the key companies are some of the factors driving the demand for SiC & GaN to power semiconductor in the region.

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Meanwhile, Japan followed by Europe are also likely to see the significant growth in the coming years. Technological advancements in the regions are driving the market growth. SiC is expected to witness significant growth during the forecast period. By the end of 2026, SiC as a material to power semiconductor is projected to exceed US$ 2,400 million revenue.

The report also offers information on the leading players in the global market for SiC & GaN power semiconductor, which will remain active through 2026. These include companies such as Infineon Technologies, Fairchild Semiconductor, Fuji Electric Systems Co., Ltd, Global Power Technologies Group, ROHM Semiconductor, Wolfspeed, Inc., Microsemi Corporation, Danfoss A/S, SEMIKRON International GmbH, Renesas Electronics, Alpha & Omega Semiconductor, Transform, Inc., Genesic semiconductor Inc., Monolith Semiconductor Inc., Raytheon Company, STMicroelectronics N.V., United Silicon Carbide Inc., Vincotech GmbH, Avogy, Inc., Cambridge Electronics, Exagan S.A.S, GaN Systems Inc., NXP Semiconductors N.V., Panasonic Corporation, and VisIC Technologies Ltd.

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Lithium-ion Battery Cathode Market Set to Grow According to Forecasts

Fact.MR, in its latest study, tracks the growth trajectory of the global lithium-ion battery cathode market. The report suggests that lithium-ion battery cathode sales reached the volume of 235,439 tons in 2018, equivalent to the revenues worth ~US$ 4 Bn. Prominently fueled by the climbing sales of electric vehicles, the demand for Li-ion battery cathode will also be upheld by the emergence of new lithium-ion generation and convergence of cathode & lithium-ion battery across the globe.

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Gains in market are likely to be driven by the undercurrents of numerous end-use industries and widening application base. Over the recent past, there has been a significant stride in the research & development activities for battery materials, including cathode, anode, electrolyte and separators. Significant increment in R&D investments have led cathode material for lithium-ion battery towards the increasing production and expanded sales, particularly among the automakers and consumer electronics manufacturers. However, in the backdrop of expeditious depletion of mineral reserves, followed by the emergence of new alternatives, it is highly likely that the lithium-ion sulfur batteries will account for the imbalance between opportunities and sales scale.

The report opines that the solar home systems powered by lithium-ion batteries have been constantly gaining traction in developing countries of Asia Pacific and the Middle East & Africa, which will lubricate the infiltration of lithium-ion battery cathode in these markets over the coming years. Moreover, the study finds that a handful of countries – India, Philippines, Indonesia, Vietnam, Mexico, and Argentina – have been encountering challenges apropos of the raw material’s demand-supply mismatch, which has engendered the novel trend of ‘recycling’. As a sizeable pie of the manufacturing community continues to follow suit, recycling of lithium-ion batteries remains an influential trend aiding in securing the seamless raw material supply, while reducing the reliance on extraction and mining activities for mineral requisites.

Opportunities for lithium-ion battery cathode manufacturers are also likely to remain influenced by the tightening regulatory scenario facing the automotive industry, which prominently includes fuel emission norms. As identified by the Fact.MR report, a notable surge in automotive production and sales will continue to work in favor of leading market players in the lithium-ion battery cathode space.

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Lithium-ion battery cathode sales are expected to remain concentrated in the legacy markets, i.e. China, Japan, South Korea, and the U.S., attributing to strong production footprint of industry giants in these countries. While this is being perceived to be an instrumental factor for manufacturers seeking to build their production and channelization strategies, Fact.MR’s conclusive analysis says that it will help companies widen their end user base and thereby expand the business footprint as well as the overall value chain at a global level.

As per the report findings, lithium-ion battery cathode is likely to spectate a higher rate of adoption in the consumer electronics segment. As consumers’ quest for improved battery life remains open, manufacturers of consumer electronics operate under the stress to integrate batteries with compact size and increased lifespan. With the trends of ‘portability’ further infiltrating into the consumers’ space, adoption of lithium-ion battery cathode is more likely to grow at an exponential pace in the consumer electronics industry.

Regional assessment of the lithium-ion battery cathode market reveals that East Asia will lead the way over the course of forthcoming years, on account of the high concentration of market players in China and Japan, expending their efforts towards innovating the landscape. Of late, there has been a substantial rise in the demand for lithium-ion battery cathode materials, especially from the fast-growing economies, such as China, Mexico, and India. South Korea, being one of the world’s leading lithium battery producing countries, is expected to emerge lucrative in the near future, driven by the country’s whopping investments in lithium resource projects. The government’s declaration of lithium as the country’s ‘strategic commodity’ will augur well for the li-ion battery manufacturers based in South Korea.

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Key players operating in the lithium-ion battery cathode market have been striving to consolidate their position by gaining reciprocal advantage from their equivalents through M&A activities. In addition, since efficiency remains an attractive proposition for lithium-ion battery cathode, manufacturers continue to leverage the prowess of technology to boost product lifespan.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Airsoft Guns Market – Competitive Landscape

Global sales of airsoft guns reached 2.7 million units in 2018, according to a recent market research study of Fact.MR. The report has projected ~6% annual growth in the airsoft guns sales volume towards the end of 2019, indicating healthy growth prospects of the airsoft guns industry over the next few years. With rising proclivity of the millennial generation for leisure sports, strongly backed by increasing discretionary purchases, it is highly likely that the demand for airsoft guns and other shooting sport gear will experience a robust hike in years to come.

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The study opines that electric-powered airsoft guns continue to witness increased adoption over spring-powered and gas-powered variants, attributing to their selective fire capabilities. Moreover, electric-powered airsoft guns can be leveraged for both semi and fully automatic operations, unlike the rest two counterparts. Manufacturers are thus likely to maintain their focus on innovations in electric airsoft guns, banking on their successful track record on the basis of ‘customization’.

Growing traction for fully automatic and highly upgraded guns that have adequate metal gearbox internals covered in strong polycarbonate, continue to uplift the revenue share of electric-powered airsoft guns in the market, which was ~40% in 2018. With end users seeking guns that can be readily upgraded to increase the rate of fire, electric-powered airsoft guns will continue to witness a spike in sales in the forthcoming years.

The study opines that the shifting focus of individuals, specifically from millennial generation and Gen X, continues to significantly contribute to the growth of the airsoft guns market, owing to their growing enthusiasm for airsoft. In line with the increasing number of individual buyers who collectively accounted for sales of over a million units of airsoft guns in 2018, manufacturing companies are zooming in the focus on the needs of individual consumers, to reformulate their growth strategies. The demand for customized paint jobs on airsoft guns is likely to gather momentum as an aftersales service, hinting a new focal point for market players in the airsoft guns landscape.

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The study opines that North America, trailed by Europe, holds substantial revenue share in the airsoft guns market. Growing popularity of team sports has been inducing the individual involvement in airsoft games, which in turn is invariably pointing towards an influx of opportunities for stakeholders in these regions. The lucrativeness of North America airsoft guns market is further estimated to remain intact, as the region holds maximum number of airsoft fields in the world. Moreover, increasing individual participation in recreational sports, in North America and Europe, has been augmenting the number of airsofters, uplifting the sales prospects of airsoft guns in these highly regulated regions.

Airsoft guns manufacturers in developing countries, such as China and South Korea, have shifted their focus to reputed online sales channels who are the key distributers in North America, which has been the prime market for airsoft sport. This falls in line with the regulations on sale and unlicensed use of airsoft guns in various regions. As per Fact.MR’s analysis, third party online sales have been driving significant gains in the airsoft guns market, which are likely to account for ~45% sales in 2019, followed by specialty stores.

The study also anticipates a significant role of social media in the development of airsoft guns market in coming years, attributed to the gradually developing focus of leading market partakers on leveraging these channels for targeting other recreational team sports and activities for higher gains.

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Integration & Orchestration Middleware Market Rapid Growth with Huge Application Scope by 2026

Integration middleware basically represents software systems that deliver runtime services for communications, and integration application execution, monitoring & operations. Orchestration is a middleware-based technology, which enables establishing the highly centralized part of architecture to govern business process definitions’ design and execute the business process logic.

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Digital transformation is creating and triggering high demand for integration & orchestration middleware, as it calls for the connection of new digital capabilities with already existing assets and processes. This integration provides coordination between end-to-end applications. It is essential to manage application programming interface (API) after the process of coordination, as well as manage, deliver & receive data. Integration of middleware along the digital transformation, which is based on IoT, converts the IT accessible event format for further assembly and analysis. In addition, API management serves as a connection between web services and their authorized users. This effective and efficient digital transformation is a key factor driving demand for integration & orchestration middleware.

Apart from digital transformation, the highly efficient cloud computing network is also reforming the market for integration & orchestration middleware. Middleware tools that are currently being employed are relatively lighter in nature, and utilized on the cloud for enhancing flexibility and scalability of their daily operations. Enterprise application is where majority of the growth is witnessed via utilization of the agile and cost-effective could technology. Developers are capable of maintaining and building application without infrastructural challenges, with the help of PaaS.

The global market for integration & orchestration middleware is set to exhibit an impressive CAGR through the period of forecast (2017-2026), according to Fact.MR’s recently published report. Worldwide integration & orchestration middleware sales will surpass revenues worth US$ 18,500 Mn by 2026-end.

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A recent evolution driving expansion of the integration & orchestration middleware market in North America is consumerization. Consumerization helps users in integrating and automating applications by themselves, thereby reducing the service costs. Integration & orchestration middleware market will remain the most remunerative in North America, followed by Europe. The market in Asia-Pacific excluding Japan (APEJ) will continue to exhibit the fastest growth through 2026.

Based on middleware type, business to business middleware will latch onto a major portion of the market’s revenue share during the forecast period. Enterprises are increasingly utilizing cloud B2B integration & managed services for replacing the aging B2B infrastructure. Business to business middleware is considered to be a strategic asset for organizations, as huge amount of valuable data is generated through B2B systems. However, integration middleware will account for the largest market revenue share by 2026-end.

Key market players are continuously focusing on coming up with innovative solutions in order to strengthen their position in the market. These players are also pitching their existing products on the back of high demand. Fact.MR’s report has profiled active players contributing to growth of the global integration & orchestration middleware market, which include SWIFT, SPS Commerce Inc., IBM Corporation, Axway, Covisint, Microsoft Corporation, Tibco Software Inc., Oracle Corporation, Infor, and OpenText Corporation.

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Cell Lines Market Opportunities, Challenges, Strategies & Forecasts Report

Cell lines are used in several biological processes and have many uses in research pertaining to cell biology, biochemistry, cancer diagnostics, molecular biology and drug discovery. They offer several advantages such as cost effective, ease in use, and also provide pure cell population which is essential since it provides reproducible results and consistent sample. Various factors influence the global cell lines market. Some factors which have a direct positive impact on the cell lines market include, the extensive use of cell lines in drug discovery, development new technologies have resulted in expanding the uses of cell lines to identify and treat various ailments, cell lines being extensively used to treat cancer as the rate of cancer is growing in both developed and emerging economies, and the increased investment in research and development has boosted the growth of the cell lines market.

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Cell lines are primarily used to study biologics. A cell line is a permanently established cell culture which proliferates indefinitely given fresh medium and space. A cell culture is developed from a single cell and hence consists of an unchanging genetic makeup. There are different types of cell lines which have their origin from different cell types such as hela cells, HEK 293 cells, vero cells, 3T3 cells etc. Cell lines are also used in molecular biology and cancer treatment.

According to Fact.MR’s research report on the global cell lines market, the market is anticipated to show a moderate growth rate during the forecasted period of 2017-2022 and expected to reflect a value of more than US$ 140 Mn.

The North America region is the most attractive region for the cell lines market and this trend is expected to grow during the period of forecast. North America also possess high market attractiveness index and is expected to grow at a CAGR of 3.3% during the period of forecast of 2017 to 2022. The main reason for this region being a lucrative region for cell lines market is the investment done in the research and development. Moreover, the region is also characterized by a high technological background, and this elevates new paradigms for cell line development in the region and hence the market.

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The cancer cell lines segment by product type reflects higher market share by revenue as of 2017 and this trend is expected to grow to retain this segment’s domination over other segments during the forecast period. Following this, the immunotherapy cell lines segment shows a comparatively high market revenue share than other segments present in the product type category. However, ion channel cell lines segment is anticipated to grow at a higher growth rate than other product segments to register a CAGR of 3.8% during the period of forecast of 2017 to 2022.

The contract research organizations (CRO) segment is expected to grow at a higher rate during the period of forecast to register a CAGR of 3.7% whereas the biopharmaceutical companies segment is anticipated to grow at a similar yet slower (a shade slower) than the CRO segment. However, the biopharmaceutical companies segment experiences higher market share by revenue than the CRO segment. The academic and research institutes segment reflects the highest market share by revenue in 2017 and dominates the market.

The report also profiles companies that are expected to remain active in the expansion of the global cell lines market through 2022, which include Thermo Fisher Scientific, Inc., American Type Culture Collection Inc., Corning Incorporated, Lonza Group Ltd., Sartorius AG, Selexis SA, WuXi AppTec Co., Ltd., Sigma-Aldrich Corporation, General Electric Company and Abzena plc.

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Urodynamic Devices Market to Reflect Impressive Growth Rate by 2022

Urodynamic study enables physicians in diagnosing causes, and identifying their nature, or detecting dysfunctions in the lower urinary tract. The primary objective of an urodynamic test is understanding disorders/problems occurring in lower urinary tract by duplication of symptoms. Urodynamic study also help in determination of the causes of bladder dysfunction, formulating an appropriate course for the treatment.

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According to the World Health Organization (WHO), 330,000 cases of bladder cancer have been diagnosed annually across the globe. In addition, the National Association of Incontinence has estimated 200 Mn people to be affected with urinary incontinence worldwide every year. These incidences have propelled demand for urodynamic devices, owing to rising clinical urgency. A number of healthcare initiatives are being taken for creating awareness about urological problems, along with the availability of treatment and diagnostics for urological disorders. For example, the initiative in Japan – “Let’s Talk and Think About Continence”, and the “Continence Awareness Week” conducted by Continence Foundation in the U.K. These initiatives have deprived people of the social stigma related to these problems, encouraging them to start consulting physicians, which in turn has been augmenting growth of the global urodynamic devices market.

Moreover, a slew of technological advancements are being observed in urodynamic devices such as penile cuff, intravesical prostatic protrusion, condom catheter, and ultrasound video urodynamic. In addition, other factors such as surging availability of medical reimbursements pertaining to urological preliminary tests, continuous product approvals, and increasing proliferation of network of testing centers are further estimated to fuel demand for urodynamic devices around the world. The global market for urodynamic devices is projected to expand at an impressive CAGR during the forecast period 2017 to 2022, according to a recent research by Fact.MR. The market is estimated to account for revenues worth US$ 265 Mn by 2022-end.

North America will retain its dominance in the global market for urodynamic devices, in terms of revenues. This is primarily attributed to surging prevalence of target diseases in the region, coupled with the robust adoption of urodynamic products in a variety of diagnostic procedures, pharmaceutical as well as healthcare centers, and rising preference of urologists & urogynecologists for urodynamic tests. Asia-Pacific excluding Japan (APEJ) is estimated to be the fastest expanding market for urodynamic devices over the forecast period. This robust expansion of the market in APEJ can be attributed to unmet patient requirements, rising prevalence of urological diseases, and increasing purchasing power of people in the region.

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Uroflowmetry urodynamic devices are projected to remain the top-selling device, accounting for over one-fourth revenue share of the market throughout the forecast period. This is mainly because of extensive utilization of uroflowmetry for diagnosis of benign prostatic hypertrophy, prostate cancer, neurogenic bladder, bladder dysfunction, bladder cancer, and urinary blockage. In addition, urodynamic catheters are estimated to be the fastest-selling device in the global urodynamic devices market during 2017 to 2022.

Hospitals will continue to be the largest end-users of urodynamic devices, with sales poised to exceed US$ 150 Mn in revenues by 2022-end. Largest share of the revenues from sales of urodynamic devices in hospitals will be accounted by North America, representing over one-third share of the market. However, sales of urodynamic devices in urology clinics are anticipated to exhibit the highest CAGR through 2022, based on end-users.

Key players participating in the global urodynamic devices market include Albyn Medical Ltd., Boston Scientific Corporation, Medica SpA, Neomedix Systems Pty. Ltd., Dantec Dynamics A/S, CooperSurgical Inc., LABORIE, Verathon Inc., and Best Medical International Inc.

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Prefilled Auto Injectors Market Share, Trends, Business Strategy and Forecast to 2022

Growing preference for convenient injection of anticoagulants and the introduction of a spectrum of new biotech products is reflecting favorably on the global prefilled auto-injectors market. Over the next couple of years, use of prefilled auto-injectors is expected become widespread across the globe. The product has made self-inject procedures extremely convenient for patients, hence, gaining a significant amount of user trust. In addition, the next generation prefilled auto injectors are more advanced in terms of technology and design. Manufacturers are actively focusing on perfecting prefilled auto-injectors in order to facilitate their use in new therapeutic areas. Prefilled auto-injectors are essentially developed for more reliable and accurate injection. Factors as such are anticipated to further boost the global sales of prefilled auto-injectors. As per the latest report published by Fact.MR, the global prefilled auto injectors market is will surge at 15.3% CAGR during the forecast period (2017-2022).

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Prefilled auto-injectors are primarily intended for self-administration by patients without the obligation of any special training. These injectors come with standard prefilled barrels that contain therapeutic drugs and are easy to use. By design, they are mostly compact and have a pen like shape with a tiny reusable needle attached on the nip. Usually, the site of injection is either thighs or arms, but it may differ on a case-by-case basis or dosage of drug.

In terms of revenue, North America is expected to dominate the global prefilled auto-injectors market over 2022. This is primarily owing to the rising number of patients who require drug administration on regular basis. Owing to the extreme convenience of administrating insulin, prefilled auto injectors are also gaining popularity among patients suffering from diabetes in the region. The prefilled auto injectors market in North America in expected to witness a strong growth over the forecast period. Meanwhile, robust development of the healthcare sector coupled with low cost of prefilled auto-injectors is proving to be instrumental for the growth of the market in Asia-Pacific excluding Japan (APEJ). Between 2017 and 2022, the region’s market is projected to increase at an impressive CAGR of 15.9%.

Based on indication, the anaphylaxis segment currently accounts for more than two-third revenue share of the market. The segment is estimated to reach a market valuation of over US$ 3,187 Mn towards the end of 2022, reflecting a strong CAGR. In addition, the segment is expected to growing at around US$ 320 Mn annually over the course of the assessment period.

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Fact.MR’s report also profiled companies that are expected to remain active in the expansion of global prefilled auto injectors market through 2022, which include Becton, Dickinson and Company, Pfizer Inc., Mylan N.V., Antares Pharma, Inc., Amgen Inc., and Eli Lilly and Company.

Earthmoving Equipment Tyres Market Report Examines Top Company Analysis Forecast by 2026

Increasing preference for better infrastructure facilities among the urban population has led to surge in the number of construction projects. With the growing urban population, demand for constructing commercial spaces, residential complexes, and multiplexes is expected to remain high. Growing need for constructing commercial and residential buildings has led to surge in demand for earthmoving equipment in the construction industry significantly. Increasing demand for earthmoving equipment such as loaders, excavators, and construction tractors is expected to rev up demand for the earthmoving equipment tyres in the construction industry.

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According to Fact.MR, the global earthmoving equipment tyres market is expected to represent a value of over US$ 16,100 Mn by the end of 2026. In terms of volume, the global earthmoving equipment tyres market is expected to reach over 1,800 Mn units during the forecast period.

As the requirement for developing infrastructure in various cities continues to remain high, the ruling authorities are increasingly investing on construction of roads, highways, flyovers, and buildings. Rise in the urban population has also led to increase in demand for building construction projects globally. In addition, government in various countries are developing strategies to accommodate majority of their citizens within the safe confines of residential complexes with enhanced infrastructure facilities. In order to encourage development of smart cities, the ruling authorities are allocating funds to incorporate smart technological solutions for flyover, highways, buildings, streets, and roads. Increasing number of construction projects in various countries will continue to rope in demand for earthmoving equipment, which in turn is expected to reflect positively towards growth of the global market.

As technological upgradation continues to remain the need of the hour, manufacturers are focusing on incorporating leading technological advancements in the earthmoving equipment globally. Through incorporation of the advanced technological features such as intelligent communication system in the earthmoving equipment tyres, the leading companies in the construction equipment industry are looking to expand their customer base and gain a competitive edge in the global market. Integration of the intelligent communication systems in the earthmoving equipment tyres allows the end users to monitor information regarding the diesel level, hydraulic oil filter clogging, engine oil pressure, and air filter clogging. Increasing integration of technological advancements in the earthmoving equipment tyres is expected to reflect positively towards growth of the global earthmoving equipment tyres market during the forecast period.

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Growing need for tracked vehicles for moving large objects or digging purposes has led to surge in demand for crawler excavator in the construction industry. On the basis of vehicle type, the backhoe loaders segment is expected to represent a significant revenue growth, accounting for a value of over US$ 4,400 Mn by the end of 2026. Also, the backhoe loaders segment is expected to register a healthy CAGR throughout the forecast period.

Based on tyre type, the radial segment is expected to generate significant revenues, recording a value of over US$ 7,100 Mn by the end of 2017. In addition, the radial tyres type segment is expected to register a robust CAGR during the forecast period.

By rim size, the 35-50 segment is expected to witness the highest revenue growth, accounting for a value of over US$ 5,800 Mn by the end of 2026. Moreover, the 35-50 rim size segment is expected to register the highest CAGR throughout the forecast period.

On the basis of sales channel, the aftermarket segment is expected to represent a robust revenue growth, recording a value of over US$ 6,300 Mn by the end of 2017. On the other hand, the aftermarket sales channel segment is expected to register a significant CAGR during the forecast period.

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