Research Reports

Smoothies Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:43 pm 27 July 2020

Market Overview

The Global Smoothies Market is expected to grow at a CAGR of 11% during the forecasting period (2019-2026).
The rising health consciousness among consumers and increasing demand for convenience and value are driving the demand for smoothies and smoothie bowls and therefore, is expected to fuel the growth in global Smoothies market.
Smoothies are thick-shake beverages that include ingredients, like yogurt, milk, almond milk, coconut milk, and sherbet. The smoothie market is flourishing in developed and emerging regions. Smoothies consist of dietary fiber. Thus, they are healthier than fruit juices.
The report covers all the major trends and drivers playing a key role in the growth of the Smoothies market.

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Market Dynamics

The global Smoothies market growth is driven mainly due to rising health consciousness amongst people. According to the World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older were overweight. Of these, over 650 million adults were obese. Overall, about 13% of the world’s adult population (11% of men and 15% of women) was obese in 2016. Smoothies can help consumers lose excess body weight without skipping any meals. The fruits and berries that are used to prepare these drinks serve as excellent companions for keeping consumers healthy. The enzymes present in several fruits help dissolve body fat and clear up your circulatory system.
Currently, the consumption habits of majority of the population include skipping meals and using other snack foods as substitutes. The intake of carbohydrate, primarily when smoothies are made without sugar, is low. Thus, most of the gym trainers and dietician recommend smoothies to people who are planning to lose weight. Therefore, smoothies emerged as perfect meal replacement products. Furthermore, they are healthier than other snack products, as well as offer good taste, convenience, and portability.
Smoothies are becoming popular as they provide various health benefits such as preventing dehydration, aid in digestion, enhance immunity, detoxify body, rich in calcium and fiber, and balance hormonal functioning.
Therefore, it is expected that global smoothies market will witness double digit during the forecast period.

Market Segmentation

By type, the global Smoothies Market is segmented into dairy-based smoothies and fruit-based smoothies. In 2018, Fruit-based smoothies accounted for majority share in the global market. However, dairy-based smoothies are expected to witness higher CAGR over the forecast period. Green smoothies made from fresh fruits and leafy greens such as spinach, kale, chard, collards are growing in prominence among the health-conscious consumers. Few of the health benefits of smoothies driving its consumption include preservation of dietary fiber present in fruits and vegetables; aids in easy digestion; hydration benefits as fruits and vegetables are rich in water; improved digestion and immunity booster, among others.
By consumption, the global smoothies market is segmented into the Out-of-home and At-home. In 2018, Out-of-home segment dominated the global smoothies market. Presence of large retail chains, supermarkets, hypermarkets, domestic stores and online retail stores are propelling market over the forecast period.
In 2017, there are more than 185,000 franchised quick service restaurants (QSRs) operating in the US. And, it is expected that QSRs industry will grow at significant rate in next five years. Rising popularity of smoothies and growing QSRs industry will further fuel growth in the global smoothies market.

Geographical Share

By geography, the global Smoothies Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America represents the largest market worldwide supported by the growing value of healthy foods among the consumers’ infamously unhealthy diet dominated by processed and calorie rich foods. Growing sophistication of food habits, rising levels of obesity and the ensuing consumer preference for juicing as an effective weight loss management strategy will further fuel growth in smoothies market.
Increasing income levels and changing lifestyle of people are expected to drive the market growth. Factors such as improving the lifestyle of consumers, especially in developing countries such as Brazil, China, and India, coupled with increasing disposable income, have fueled the growth in the global market. Nowadays, the adoption of Smoothies has increased, owing to the convenience and health benefits they provide. This trend is expected to continue during the forecast period, thereby positively fueling the Smoothies Market growth. Asia-Pacific region is expected to witness the highest CAGR and incremental growth in the global market due to the high demand for these appliances in China, Japan, South Korea, and India.

Competitive Analysis

Global Smoothies Market is fragmented with the presence of global and regional players in the market. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by market participants to generate demand.
Major players in the market are Bolthouse Farms, Jamba Juice Company, MTY Food Group, Smoothie King, and Tropical Smoothie Cafes. Other key players in the market are Daily Harvest, Dr. Smoothie Brands, HAPPY PLANET, J Sainsbury, and The Smoothie Company.
Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new product launches as per consumers’ taste and preference.

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Pyrethroid Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:42 pm 27 July 2020

Market Overview

The Global Pyrethroid Market is expected to grow at a CAGR of 6.10% during the forecasting period (2019-2026).
Pyrethroid is an insecticide derived by synthetic modification of natural pyrethrins that are extracted from flowers of Chrysanthemum. These are used for control of variety of insects in industries, residences, and in agricultural activities. These organic compounds are considered as relatively safe insecticides to mankind owing to their lower mammalian skin absorption. Pyrethroids has lower toxicity compared to organophosphate insecticides, thus making it insecticide of choice for household pest management applications.

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Market Dynamics

The rising awareness towards efficiency of pyrethroids for use in control of wide array of insects with minimal effect on humans, birds, and animals is the major factor driving the growth of pyrethroids market. The high selective toxicity of these compounds enable easy and effective use for insect control in household and agricultural communities. Moreover, the growing need for pest management in agriculture owing to quality and quantity concerns of agricultural produce is further boosting the demand for pyrethroids across the globe. The growing population has been rising the demand for both food and commercial crops. Pyrethroids and other forms of pesticides evolved as an essential tool for farmers and crop growers to increase food productivity. According to The Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018.
The rapid photodegradation and high susceptibility to moisture and heat is limiting the effectiveness of pyrethroids in agriculture and other open space applications. However, the potential benefits of pyrethroids is motivating the chemical manufacturers towards development of sunlight stable products. Furthermore, the behavioral and genetic changes in insects that result in resistance to Pyrethroid treatment is acting as a major restraint for the growth of the market. A study conducted by the American Chemical Society (ACS) in 2015 highlighted that most of the lice population in over 25 states in U.S. shown resistance to pyrethroids owing to gene mutations.

Market Segmentation

The global Pyrethroid market has been segmented by type into type 1, type 2 and Fenpropathrin. Type 1 pyrethroids evolved as the largest class of pyrethroids in terms of sales value owing to the wide spread use of bifenthrin in various plants such as cereals, cotton, corn, grass seed, alfalfa and few fruit and vegetable species. The high toxicity to acquatic organisms increased the use of Bifenthrin in household and industrial pest management. The rising utilization of Permethrin as a medication to treat scabies is also supporting the growth of type 1 pyrethoids. With a share of over 50%, agriculture evolved as the largest end user of global pyrethroid market owing to its wide use as pesticide in farming practices.
By geography, global pyrethroid market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. Large use of pesticides in countries such as China, India, and Australia made Asia Pacific as the major market for pyrethroids. Growing practice of precision farming and use of effective crop protection tools is boosting the need for high performance insecticides, thus boosting the market growth in this region.
The global pyrethroid market is consolidated with the dominance of companies such as Syngenta AG, BASF SE, ADAMA Agricultural Solutions, , and Sumitomo Chemical Co., Ltd. The market is highly competitive with the likes of new product registrations, launches, and acquisitions. All the major agrochemical manufacturers are witnessing lucrative growth in pest management business and the growth is supported by rising sales of pyrethroids. For instance,
FMC Corporation, a U.S. based chemical manufacturing company announced that it has generated a sales revenue of over $300 million from its pyrethroid business in 2018. It also stated that the existing products and new formulations would likely result in a growth of $150 million and $75 million respectively through 2023.
In December 2014, Sumitomo Chemical Co., Ltd acquired Asana insecticide business of DuPont in U.S. With a synthetic pyrethroid esfenvalerate as active ingredient, Asana is suitable for use in more than 50 crops
Other key players in the market include Heranba Industries Limited (India), FMC Corporation (U.S.), The Merck Group (Germany), Nufarm (Australia), and Tagros Chemicals India Ltd. (India)

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

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Sales Manager at DataM Intelligence

Ready Meals Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:42 pm 27 July 2020

Market Overview

The global Ready Meals Market is expected to grow at a CAGR of 60% during the forecast period 2019-2026.
Confectionery is the group of food products that are made with sugar or carbohydrates. There is wide collection of confectionery products across the globe and are majorly classified as chocolate confectionery, sugar confectionery, and bakers’ confectionery. Most of the well-known products such as candies, gums, lollipops, and chocolates are included in confectionery.

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Market Dynamics

The health benefits associated with chocolate products is driving the growth of overall Ready Meals Market, specifically dark chocolate. Dark chocolate is considered as a healthy snack owing to its nutrient content and its potential in lowering the risk of heart disease. Epidemiologists across the globe are suggesting consumption of dark and milk chocolate for heart health with clinically proven and study based facts. In a recent study of Harvard Medical School on 21,000 residents of England, it is found that consumption of up to 3.5 ounces of chocolate a day lowered the risk of heart disease in adults. Furthermore, innovations in the market in terms of flavor and nutritional content is driving the market growth. Global confectionery manufacturers are focusing on development of confectionery products with flavors such as coffee, fruits, cinnamon, and different ingredients. For instance, in February 2019, Nestlé S.A. launched a premium chocolate derived from raspberries and ruby cocoa beans in American market and this confectionery product is estimated to gain significant sales in the valentine season. Companies such as Mars Wrigley Confectionery are likely to mark product innovations catering the burgeoning interest towards nut-butters and mixed fruit flavors.
The rising consciousness among consumers towards sugar intake is the primary factor hindering the growth of Ready Meals Market. Sugar present in confectionery products is considered as a leading cause for diseases such as Obesity and Diabetes. The rising prevalence of obesity and diabetes is limiting the consumer base for confectionery across the globe. The global Diabetes community in U.K. suggests to avoid chocolate consumption in people with blood sugar levels higher than recommended levels. However, this is resulting in an immense growth potential for sugar-free confectionery products. A product labelled sugar-free use sugar substitutes such as saccharin and aspartame or sugar alcohols for sweetening, all without adding calories to the product, thus making them the confectionery of choice for Diabetic and health savvy population. The evolution of sugar-free, low calorie products is a potential opportunity for the Ready Meals Market across the globe.

Market Segmentation

The global Ready Meals Market has been segmented by product type into sugar confectionery, chocolate confectionery, and bakers’ confectionery. The large market for hard candies across the globe made sugar confectionery as the largest segment of global Ready Meals Market. Sugar confectionery is widely accepted and preferred by population of almost all groups and this segment is likely to hold its dominance on the market over the forecast period. The United States Department of Agriculture in its recent press release stated that millennials and generation X accounted for nearly 50% of the candy sales in U.S. in 2017. However, the growing demand for chocolate products owing to its low-sugar content and health benefits resulted in chocolate confectionery as the fastest growing segment. Chocolate confectionery is likely to grow at a lucrative CAGR of over 6.2% during the forecast period. Supermarkets and hypermarkets evolved as the largest sales channel for confectionery products with a share of nearly 40% in terms of sales value in 2018. Bakeries and restaurants, convenience stores, and e-commerce are also holding significant share in the sales of convenience products.
By geography, the study is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa.
Confectionery is a well-established market since decades in most of the American and European countries. The availability of cocoa and other confectionery ingredients made them the early adopters of sugar and chocolate confectionery products. Europe is the largest Ready Meals Market with a share of over 35% in 2018 and it is estimated to hold its dominance over the forecast period. The large per-capita consumption of chocolate in countries such as Switzerland, the U.K., Sweden, Germany, and Ireland is supporting the growth of Ready Meals Market in Europe. However, Asia Pacific evolved as the fastest growing market for confectionery products owing to the rising consumer spending and growing adoption of confectionery in countries such as India and China. According to India Brand Equity Foundation (IBEF), chocolate sales in India increased from less than $100 million in 2000 to over $1,500 million in 2017.
The global Ready Meals Market is highly fragmented with large number of players involved in wide array of confectionery products. However, companies such as Nestlé S.A., Cadbury, Mondelez, and The Hershey Company evolved as market leaders with consumer loyalty and brand reputation. The market turned further competitive by the footprints of many Asian and Middle East companies entering the market with local confectionery flavors. The companies in the market are leveraging on acquisitions, mergers and new product formulations to increase their market share. For instance, in April 2018, Ferrero SpA, an Italian chocolate and confectionery products manufacturer had acquired the confectionery business of Nestle in U.S., thus boosting its portfolio of confectionery products in North America market. Furthermore, the company also The Ferrara Candy Company, another U.S. based confectionery manufacturer in 2017 for approximately $1.3 billion. These activities witness the interest of the company to boost its presence in the non-chocolate confectionery segment.
Other key players in the market are Delfi Limited, Mars, Incorporated, Lotte Confectionery, Parle Products Pvt. Ltd., and Grupo Arcor.

Key Takeaways from the Report

The chocolate confectionery products market in Western Europe region is well-established with high per-capita consumption. According to DataM analysis, Western Europe is the largest market for chocolate confectionery products, followed by North America and Asia Pacific region
Changing eating preferences and rising trend of gifting confectionery products led to the rise in Ready Meals Market in Asia Pacific region

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

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Petrochemical Heaters Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:41 pm 27 July 2020

Market Overview

The Global Petrochemical Heaters Market size is estimated to grow at a CAGR of 8 -9 % during the forecast period 2019-2026.
Petrochemical heaters procedure is an integral part and plays a vital role in petrochemical operations. Petrochemical heaters are utilized in the refinery and petrochemical industry to heat hydrocarbon for fractionation, thermal cracking, and high-temperature processing.
Polyethylene, butane, urea, propylene, aromatics, smelling salts, pentane, and ethylene requires thermal processing in the petrochemical industry which is accomplished by the utilization of different petrochemical heaters. Heat transfer procedures are a crucial factor of any oil refining, petrochemical & chemical industry and they are utilized for different purposes. These are structured and produced with innovative metallurgy and they require high working temperatures.

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Market Dynamics

Petrochemicals are rapidly becoming the largest driver of global oil consumption. They are set to account for more than a third of the growth in oil demand to 2030, and nearly half to 2050. The combination of a growing global economy and technological development will translate into increasing demand for petrochemical products which ultimately develops the growth of the Petrochemical heaters market.
Rising growth of oil & gas and petrochemical industries are the crucial factors for the growth of Petrochemical heaters market worldwide. Furthermore, the growing population and increasing energy demand are the key driving factors impacting the market. Increasing energy demand worldwide is the primary reason for the growth of the market. For instance, Global energy demand rose by 2.3% in 2018, and it is the fastest pace in the last decade. The world’s three largest energy-intensive countries, China, the United States, and India, together accounted for nearly 70% of the rise in global energy demand. The United States experienced the largest increase in oil and gas demand worldwide in 2018.
Hugh capital investment is the major restraint hampering the growth of the market. For setting up a petrochemical complex a high investment is required. Due to the long-time taking process for the completion of construction, many new petrochemical complexes are not set up every year worldwide.

Market Segmentation

Based on the application, the Petrochemical heaters market is divided into Petrochemical and chemicals. The global Petrochemical heaters market size by application type was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Petrochemical is expected to hold a major market share in the estimated period. Petroleum is the basic raw material to produce olefins such as ethylene, propylene, and aromatics, including benzene, xylene, and toluene.
Petrochemical is chemical compounds derived from feed-stocks such as crude oil, natural gas, and gasoline. Major companies are focusing on the development of sustainable Petrochemical plants, which has led to shutting down of older, smaller, and less efficient plants. For instance, OMV, an oil and gas company headquartered in Vienna, has made the decision to invest USD 72 million in the construction of an ISO C4 plant at the Burghausen Refinery, with operations planned to start in September 2020.
By product type, the Petrochemical heaters market is segmented into hot oil heaters, cracking furnaces and steam super heaters. The global Petrochemical heaters market size by product type was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Cracking furnaces are expected to grow with a high CAGR rate in the estimated period. Cracking furnaces heaters often referred to as fired heaters and direct-fired heaters. These are pieces of equipment often used in processing facilities to heat gases or liquids up to the desired temperature.
Cracking furnaces in the petrochemical and refining industry are critical pieces of equipment that can have a major impact on process unit safety, reliability, and economics. In cracking furnaces, raw materials are converted such as ethane, liquefied petroleum gas (LPG), naphtha, atmospheric gas oil (AGO) and hydrocracker residue into ethylene and valuable by-products.
On the basis of heaters type, the Petrochemical heaters market is classified into liquid vapor petrochemical heaters and liquid phase petrochemical heaters.
Based on the design, the Petrochemical heaters market is classified into box-type furnaces, vertical cylindrical heaters, and cabin cylindrical heaters.

Geographical Analysis

The North America Petrochemical heaters market size by product type was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. North America is dominating the global Petrochemical Heaters market in 2018 and estimated to hold the largest market size over the forecast period (2019-2026). Investments and as well as the capacity expansion of Petrochemical has been increased in North America. For instance, as per AMPF, Over USD 200 billion to be invested in U.S. Petrochemical industry by 2020. The U.S. is a major exporter of petrochemical products to regions, including Europe as well as countries, such as China and India.
Furthermore, Consumption of petrol in North America is rising from the past decade. For instance, as per U.S. energy information administration, Petroleum consumption in the United States increased to 20.5 million barrels per day (b/d), or 37 quadrillion Btu in 2018, up nearly 500,000 b/d from 2017 and the highest level since 2007. Growth was driven primarily by increased use in the industrial sector, which grew by about 200,000 b/d in 2018.
The Asia Pacific Petrochemical heaters market size by product type was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific is expected to grow with a high CAGR rate in the estimated period. China, India, and Japan are expected to grab a major share in the Asia Pacific region for the Petrochemical heaters market.
Investments in the Asia Pacific is increasing for Petrochemical industry which is a favorable factor for the growth of Petrochemical heaters year on year. For instance, Aramco has planned investment in the USD 44-billion refinery and petrochemical project on India’s west coast. The Japanese government is looking for reducing the refinery capacity in order to increase the sector’s efficiency, which will have a direct impact on petrochemical heaters market. China is the largest consumer of petrochemical products due to the favorable export-oriented government policies. And having large production facilities.

Competitive Landscape

The Petrochemical Heaters market is moderately competitive with new players entering the market. Some of the major players include Wattco, HarbisonWalker, Gaumer, Schniewindt, Fulton, Okazaki, Babcock Power, Jiangsu Yanxin, Exotherm Corporation, Chromalox, and Cetal.
The key players are adopting various key strategies such as product launches which are contributing to the growth of the Petrochemical Heaters Market. For instance, Wattco is presenting the various type of heaters for petrochemicals like electric heaters, immersion heaters, flange heaters in the market.
Companies are also engaged in capacity expansions to take advantage of future opportunities.
Major players are investing in setting up manufacturing units in developing economies of the Asia Pacific and Latin America. For instance, In July 2019, Aramco has announced that they are planning to invest with USD 44-billion in the refinery and petrochemical project on India’s west coast.

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

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Sales Manager at DataM Intelligence

Premium Lager Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:41 pm 27 July 2020

Market Overview

The Global Premium Lager Market is expected to grow at a CAGR of 7% during the forecasting period (2019-2026).
Lager is a type of beer conditioned at low temperatures. Lagers can be pale, amber, or dark. Pale lager is the most widely consumed and commercially available style of beer. Many premium lager vendors have gained high popularity among consumers because of its authentic taste. The adoption of the keg packaging and dispense format, especially by small producers, has been an important factor behind the increasing customer interest in the premium craft lager category.
The report covers all the major trends and drivers playing a vital role in the growth of the global market. The market has been segmented on the basis of region, product, and distribution channel.

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Market Dynamics

The global Premium Lager Market is primarily driven due to the premiumization of products within the lager category is also driven by vendors' eagerness to rebrand their products as premium. Brewers operating worldwide are trying to push high-end products to lure consumers into spending more. The growth of alcoholic beverages such as premium Lager is driven by an increase in global young‐adult demographic, the surge in disposable income, and a rise in consumer demand for premium/super-premium Lager. Also, new market strategies and creative packaging have been introduced by manufacturers. The growing number of specialist stores and shops worldwide has increased the accessibility and availability of premium lagers, which is one of the major drivers behind the growth of the premium lagers market over the last five years. The growth of the premium lager market is also supported by the frequent number of distribution deals between specialist retailers and vendors
However, the high cost of premium/super-premium products and escalation of the nonalcoholic beverages market, owing to an increase in health concerns are expected to restrict the market growth shortly.

Market Segmentation

By the Distribution channel, the global Premium Lager Market is segmented into on-trade and off-trade.
In 2018, the off-trade segment was accounted for the majority share and expected to increase significantly during the forecast period. The off-trade market includes all retail outlets like hypermarkets, supermarkets, convenience stores, mini markets, kiosks, wines & spirits shops, etc. Whereas, the on-trade market includes outlets like bars, restaurants, coffee shops, clubs, hotels, etc. However, countries like the US are witnessing a vast concentration of specialist beer stores in the country since the past few years. The Party Source, City Beer Store, and La Bodega are some of the significant specialist beer stores in the US that offers a wide range of premium craft and conventional lagers. The growth of the premium lager market is also supported by a large number of distribution deals between specialist retailers and vendors. Moreover, the rising number of specialist stores and shops globally has increased the accessibility and availability of premium lagers, which, in turn, drives the market.
By Product type, the global Premium Lager Market is segmented into Premium Conventional Lagers and Premium Craft Lagers. In 2018, Premium Conventional Lagers accounted for the significant share in the market. However, premium craft expected to grow at a significant pace due to a shift in consumer preferences and rising per capita income. Furthermore, improving brewing process technology, coupled with the usage of the finest quality of raw materials by manufacturers, has enhanced the overall characteristics of the product.
Major manufacturers are launching their products in developing countries, such as India, to gain a competitive edge in the market. For instance, in June 2018, Victory Brewing Company has introduced its standard lager beer in the Indian market.

Regional Analysis

By geography, the global Premium Lager market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, Europe accounted for the majority share in the global premium lager market. However, APAC is expected it is to post higher CAGR than other regions during the forecast period, due to the rising young population and the rise of a drinking culture at social gatherings coupled with increased disposable income among younger consumers in developing countries of APAC region such as China and India.
In Europe, flavored beer is one of the premium drinks in countries, including the U.K., Germany, and France. Furthermore, premium products, including lager, are attracting new consumers such as millennials and female drinkers in the countries mentioned above.
North America is anticipated to witness significant growth in the premium beer market owing to increasing demand for the low-calorie beer. Moreover, rising health concerns have compelled consumers to go for a light beer. Beer producers are launching new products to gain a competitive edge in the market. For instance, in October 2018, the U.S. based brewing company, Anheuser-Busch Companies, LLC has launched a new light lager under the brand name Wild Peak. This premium product contains 5.3g of carbohydrates and 93 calories in every 12oz can.
The growing demand for premium Lager is considered to be one of the primary drivers for this market. Efforts by manufacturers for strengthening distribution channels and extension of purchase channels, such as online stores, and convenience stores, is also contributing substantially to the growth of the global market.

Competitive Analysis

Premium Lager market is highly competitive, and thus, manufacturers continuously focus on developing new strategies to grab more number of customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Premium Lager.
To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Premium Lager. Merger, acquisition, and product development are key strategies adopted by leading players — for instance, the creation of strategic alliances with all the stakeholders in the value chain.
The major players include Heineken N.V., Anheuser-Busch InBev, Asahi Group Holdings Ltd., Carlsberg Breweries A/S, and Constellation Brands Inc. Other prominent players in the market are Snow Beer, Kirin, Boon Rawd Brewery, Diageo plc, and BREWDOG.

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

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Sales Manager at DataM Intelligence

Oncology Therapy Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:40 pm 27 July 2020

Market Overview

The Global Oncology Therapy Market is expected to grow at a high CAGR during the forecast period (2019-2026)
Cancer therapies are the drugs which are designed to inhibit the growth and proliferation of cancer, by interfering with specific molecules, such as proteins or DNA, which are involved in the growth and expansion of cancerous cells. Various types of cancers such as lung cancer, colorectal, breast cancer, kidney cancer and others are predominant among the population. Treatment of cancer mainly depends upon the stages of the disease progression. Chemotherapy is mainly used in the earlier stages whereas other therapy options such as targeted therapy, immunological therapy and radiation therapy are used in late stage. However, the Targeted therapy is expected to dominate the market. This is mainly used due to its fewer side effects offered by the treatment compared to the conventional therapy and cost-effective nature and the increased number of Targeted therapy drugs.

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Market Dynamics

The major driving forces are rise in incidences of cancer, which has led to increased demand for cancer drugs, increased demand for precision medicine, increased number of collaborations between the pharmaceutical companies, increase in number of recent advances in technology, increasing research activities in cancer, increasing geriatric population globally. In addition, the rise in healthcare expenditure worldwide and rise in number of promising pipeline products are expected to boost the market expansion.
Rising incidences of cancer is one of the dominating factors, propelling the global oncology therapy market. For instance, According to WHO, cancer is the second leading cause of death worldwide, and is responsible for 9.6 million deaths in 2018 and globally, about 1 in 6 deaths is only because of cancer. Approximately 70% of deaths from cancer occur in low and middle-income countries. Also, in 2018, 2.09 million lung cancer and 2.09 million breast cancer cases were registered globally. The International Agency for Research on Cancer has reported that there will be 413,000 new cases in the forecast period. Cancer causing infections, such as hepatitis and human papilloma virus (HPV), are responsible for up to 25% of cancer cases in low- and middle-income countries. According to the American Institute for Cancer Research in 2018, age-standardized rate for all cancers (including non-melanoma skin cancer) for men and women combined was 197.9 per 100,000. The rate was higher for men (218.6 per 100,000) than women (182.6 per 100,000). The highest cancer rate for men and women together was in Australia, with 468.0 people per 100,000.
Increased demand for precision medicine due to rising incidence of cancer, to treat various types of cancer globally is expected to boost the oncology therapy market. Rise in number of FDA approvals of precision medicine in oncology and government initiatives are some of the factors driving the market. For instance, in 2014, the United Kingdom has launched the 100K Genomes Project with the objective of sequencing 100,000 genomes of patients in the National Health Service (NHS) in the search for biomarkers for cancer and rare genetic diseases. The Precision Medicine Initiative® (PMI) is a $215 million investment in the National Institutes of Health’s (NIH) fiscal year 2016 budget to accelerate the biomedical research that can lead to individualized approach. The NCI is using $70 million of that investment to advance the field of precision oncology.
Increasing number of collaborations between the pharmaceutical companies is expected to boost the market over the period of forecast. For instance, recent collaborations in the precision oncology research is driving the share of the segment leading to improved health care. For instance, On April 12, 2019 Pfizer is currently working with Boston-based Concerto Health AI for a collaboration that will use Concerto's Eureka Health artificial intelligence technology to precision oncology research. On October 17, 2018 Novartis had a strategic collaboration with Foundation medicine, allowing the development of companion diagnostic (CDx) tests for the Novartis portfolio of targeted immuno-oncology and oncology therapeutics. In 2018, GE Healthcare collaborated with Roche that helped them to develop digital integrated platform for critical care treatment and oncology
Increase in number of recent advances in technology and the use of information is expected to drive the market over the period for forecast. This is owing to the advances in drugs and medical devices, as well as the use of big data, artificial intelligence and mobile apps to drive better patient engagement. Big data has made the treatments become easier as it provides patient navigation, patient-reported outcomes, and identification of high-risk patients, patient satisfaction scoring, and giving them appropriate treatment. AI uses DL algorithms and Convolutional Neural Network (CNN) which analyzes pixel-level information from images in oncology. For instance, the advancement in technology is the increasing use of mobile apps across many countries which can improve diagnosis, treatment, adherence and other aspects of patient experience in cancer. Also, Pay-for-Performance with CAR-T Therapy, in 2018, a new treatment was approved by the Genentech which is called Chimeric Antigen Receptor T- cell (CAR-T) therapy. The therapy is comparatively expensive for the patients but to make it affordable for them, an innovative pay-for-performance contract was also announced in conjunction with the launch of first CAR-T therapy. The new radio labeled drug sustainability has lowered the risk and the death rate of cancer patients. The medicine is composed of radioisotope LU attached to octreotide that binds the tumor cells that enable the radiations and directly target the cancer cells. Thus, the recent advancements in the technology are expecting to the boost the market.
However, onset of adverse effects associated with the use of cancer drugs and high costs related with the cancer drug development are among a few major factors expected to hamper the growth of the oncology therapy market.

Market Segmentation Analysis

The global Oncology therapy market can be segmented by treatment type as targeted therapy, immunotherapy, chemotherapy, radiation therapy, and others. By type the market is segmented as breast cancer, lung cancer, blood cancer, kidney cancer, hematologic cancer, prostate cancer, gastrointestinal cancer, gynecologic cancer, and other cancer types. By end-users, the market is segmented as hospitals, specialty clinics, cancer and radiation therapy centers.
By therapy, targeted therapy is expected to grow at a high rate over the period of forecast. The target therapy includes hormone therapies, apoptosis inducers, gene expression modulators, angiogenesis inhibitors, PARP inhibitors, signal transduction inhibitors, and toxin delivery molecules. These drugs inhibit the growth and spread of cancer cells and limit harm to the normal cells. This is owing to the increased number of US FDA approvals of certain monoclonal antibodies in the recent years like Seattle genetics’s Brentuximab vedotin (Adcetris) in 2018, Rituximab (Rituxan) and checkpoint inhibitors like Merck’s pembrolizumab (Keytruda) in 2018 for the Hodgkin lymphoma treatment. Lenvatinib (Lenvima) which is a platelet derived growth factor alpha receptor antagonist in August 16, 2018 of Eisai Co Ltd and sunitinib which is a tyrosine kinase inhibitor in November 16, 2017 of Pfizer are the drugs used to treat renal cell carcinoma. Trastuzumab (Herceptin) is a monoclonal antibody often used along with chemotherapy for the treatment of breast cancer.
Immunotherapy is expected to grow at the highest CAGR over the period of forecast. Immunotherapy is a treatment that uses the patient’s immune system to fight cancer. Substances made by the body or made in a laboratory are used to boost, direct, or restore the body’s natural defenses against cancer. Immunotherapy drugs may be used as a first-line treatment for melanoma and some other cancers, or they may be used in combination with other treatments, such as chemotherapy and surgery. The U.S. Food and Drug Administration (FDA) has approved certain checkpoint inhibitor drugs, which work by targeting signaling proteins that allow cancer cells to hide from the immune system, to treat some cases of advanced or metastatic melanoma. Medications used in immunotherapy are ipilimumab, nivolumab, pembrolizumab, talimogene, and laherparepvec. Also, certain immunomodulators like Nivolumab (Opdivo) and Avelumab (Bavencio) are used in the treatment of renal cell carcinoma.
By type, breast cancer is expected to grow at a high rate over the period of forecast. This is owing to the increase in prevalence of breast cancer cases across the globe, rise in the number of targeted therapies, the increasing awareness of breast cancer among the disease population and increase in survival rate of breast cancer population. For instance, according to the American Cancer Society in 2018, it is estimated that 266,120 new cases of invasive breast cancer are diagnosed in women in the US. Breast Cancer organization in 2018, reported that about 1 in 8 U.S. women (about 12%) developed invasive breast cancer over the course of her lifetime. Targeted therapy is mainly used due to its fewer side effects offered by the treatment compared to the conventional therapy and cost-effective nature. Targeted therapies like trastuzumab (Herceptin), Pertuzumab (Perjeta), Afinitor (mTOR inhibitor), Lynparza (PARP inhibitor) are used in the treatment of breast cancer.
Lung cancer is expected to grow at the highest CAGR over the period of forecast. This is owing to the rise in incidences of lung cancer, increased number of targeted therapies and increased demand for precision medicine. According to the World Health Organization in 2018, 2.09 million lung cancer cases are estimated. The American Institute of Cancer Research has reported that the Lung cancer is the most commonly occurring cancer in men and the third most commonly occurring cancer in women. There were 2 million new cases in 2018. Targeted drugs which are angiogenesis inhibitors like Bevacizumab (Avastin) and Ramucirumab (Cyramza) are used in the treatment of lung cancer. On January 18, 2018, QIAGEN N.V. announced that the US FDA has approved a PMA supplement for use of QIAGEN’s therascreen® EGFR RGQ PCR Kit as a companion diagnostic to guide the usage of Boehringer Ingelheim's targeted therapy GILOTRIF® (afatinib) for the first-line treatment of metastatic non-small cell lung cancer (NSCLC) with non-resistant epidermal growth factor receptor (EGFR) mutations. On February 27, 2019, Thermo Fischer has received expanded approval in Japan for its Oncomine Dx Target Test to be used in non-small cell lung cancer.

Market Competitive Trend Analysis

The market is moderately concentrated with a limited number of Key players operating in the global oncology therapy market. Pfizer, Novartis, Amgen Inc., AstraZeneca PLC, Bayer AG, Bristol-Myers Squibb Company, Johnson and Johnson and others are some of the vendors in the market.
The global oncology therapy market is expected to witness substantial growth during the forecast period. This can be attributed to the great investments by market players in the research and development of oncology therapy and the diversified product portfolio which are responsible for strengthening the position of these companies in the market. Also, they have been adopting key strategies, such as new product developments, acquisitions, and expansions, to increase their share in the cold chain packaging market. For instance, in
May 14, 2019, the Food and Drug Administration approved avelumab of Merck and Pfizer (BAVENCIO, EMD Serono, Inc.) in combination with Inlyta (axitinib) for first-line treatment of patients with advanced RCC (RCC).
May 2019, NEO-PV-01, an investigational agent developed by Neon Therapeutics, shows promise in early trials for advanced melanoma.
February 15, 2019, the FDA accepted and granted Priority Review for a new supplemental biologics license application (sBLA) for Merck’s pembrolizumab, an anti–programmed cell death protein 1 (PD-1) therapy, in combination with axitinib, a tyrosine kinase inhibitor, for the first-line treatment of patients with advanced RCC.
In January 2019, Merck’s KEYTRUDA® (pembrolizumab) received five new approvals in Japan, including adjuvant therapy for Melanoma.
In Nov 2018, Teva pharmaceuticals had received FDA Approval of HERZUMA® (trastuzumab-pkrb), a Biosimilar to HERCEPTIN®, for the Treatment of HER2-overexpressing Breast Cancer.
In January 2018, Biocon and Sandoz entered into a strategic partnership to develop the next generation of biosimilars in cancer and immunology.

Key Takeaways:

The global market for the oncology therapy market is primarily driven by the rise in incidences of cancer, which has led to rise in demand for cancer drugs, increased demand for precision medicine.
Targeted therapy holds a significant market share owing to its high cure rate and increased survival rate, fewer side effects offered by the treatment compared to the conventional therapy and cost-effective nature.

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PET Film Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:40 pm 27 July 2020

Market Overview

The Global PET Film Market is expected to grow at a high CAGR during the forecasting period (2019-2026).
Polyester or polyethylene terephthalate (PET) is a high-performance, crystal clear thermoplastic made from ethylene glycol and dimethyl terephthalate (DMT). In comparison with other common plastic films, PET film has higher tensile strength, excellent dimensional stability, low moisture absorption, and good retention of physical properties over a fairly wide temperature range. It also has superior UV resistance, excellent electrical properties, good optical clarity, high gloss, and good gas barrier but only moderate moisture barrier properties. It is the ideal film for quality printing and lamination and a good choice for a high-performance plastic films and sheets. It has a relative high melting point, which makes it suitable for applications that require sterilization at high temperatures.

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Market Dynamics

The global PET Film Market is primarily driven by rising demand of flexible packaging. The driving force for flexible packaging are factors such as the increase in demand for convenient packaging needed in the food & beverages and pharmaceutical industries. And the other factor for the growth of PET film market is the rising demand for the electronics devices market such as mobile, LCDs and others. The panels display in these electronic devices use Pet films which indeed drives the market for PET films.
However, due to volatility in the prices of crude oil which the raw material for the PET resins acts as a hindrance to the PET film market.

Segmentation Analysis

By application type, the global PET Film Market is segmented into Flexible packaging and food contact applications, Solar, marine and aviation applications, covering over paper, Insulating material, Electronic and acoustic applications, and Others. Flexible packaging and food contact applications type has the high dominance in this segment due to the property of PET Film having low odor, high chemical resistance and inertness that makes it suitable for packaging applications under FDA regulations. Followed by First Grade, and Qualified Grade.

Geographical Analysis

By geography, the global PET Film Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
APAC holds the largest market share for PET Film due to rapid industrialization and infrastructural development activities along with the high production and sales of electrical & electronics products in the region. Developing nation like China and India has high demands for PET Film market due to use in the panel displays in electronics devices like mobile, LCD and others has made APAC to hold most of the market share. However, North America is after APAC in terms of market share of PET Film Market, followed by Europe.

Competitive Analysis

Key players are adopting strategies such as Acquistion, mergers, joint ventures, and investment in R&D to stand out as strong competitors in the market. The PET Film market is high fragmented market. The major players include Dupont Teijin Films, Jindal Poly Films, Mitsubishi Chemical Holdings, SKC, and Toray. Other key players in the market include Tredegar, KOLON Industries, Ningbo Sun plastics , Coveme , and Jiangsu Shuangxing.
In June 2018, Indorama Ventures Ltd. entered a joint venture agreement with India's Dhunseri Petrochem Ltd. (Dhunseri) to acquire its 450ktpa PET production facility in Egypt. The facility, which belongs to the Egyptian Indian Polyester Company SAE (EIPET), is located in Ain Sokhna free trade zone, northwest of the Gulf of Suez.
In December 2017, Mitsubishi Polyester Film is constantly developing new film types to meet the market needs and requirements of its customers. One of our new developments is Hostaphan® TC, a heat conductive PET-film. Electric currents create heat as waste energy. Getting the heat out is a big issue in many electrical devices like electro motors and engines, generators and transformers. Polymeric films offer the electric insulation performance needed in such devices but are in general very bad heat conductors. Hostaphan® TC is a thermal conductive film with twice of the heat conductivity λ of standard PET film while maintaining the good insulation properties

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

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Newborn Screening Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:39 pm 27 July 2020

Market Overview

The Newborn Screening Market is expected to grow at a CAGR of 10.7% during the forecasting period (2019-2026).
Newborn screening is the practice of testing newborn for certain disorders such as phenylketonuria (PKU), cystic fibrosis, sickle cell disease, critical congenital heart disease, hearing loss, and others. This testing is typically performed before the baby leaves the hospital. Early detection and treatment can help prevent intellectual and physical disabilities and life-threatening illnesses in newborn.

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Market Dynamics

The newborn screening market growth is driven by several factors such as rising neonatal population base, increase in number of cases of congenital diseases in newborns. For instance, according to UNICEF data, globally, 2.5 million children died in the first month of life in 2017 alone, approximately 7,000 neonatal deaths every day, most of which occurred in the first week. About 1 million dying on the first day and close to 1 million dying within the next six days due to lack of skilled care and screening of the babies. To reduce the death count, several efforts are being taken by organizations such as the WHO, CDC, Healthy Newborn Network, etc., to educate parents for the possible disorders and their diagnostic procedures. North American agencies have also ordered 100% screening of all children born in private sector hospitals.
In addition, increasing healthcare awareness, benefits offered by newborn screening programs, and technological advancements in screening, and increasing government funding and support are also driving the growth of the newborn screening market globally. For instance, the WHO implemented a program to safeguard the health of children globally, in which numerous policies and initiatives have been taken by the U.S. Department of Health and Human Services Secretary’s Advisory Committee on Heritable Disorders in Newborns and Children (SACHDNC), Japan’s Society of Obstetrics and Gynecology (JSOG), UK (PEACH), and advocacy groups.
However, lack of improved healthcare infrastructure and trained professionals, and socioeconomic barriers are some of the major factors restraining the growth of the global newborn screening market.

Market Segmentation

On the basis of product, the market has been segmented into assay kits and instruments. The assay kits segment is further sub-segmented into enzymatic assay kits, DNA assay kits, immunoassay kits, and others. Among these, the immunoassay kits segment accounted for the largest market share in 2018 as immunoassay is a primary test used in screening and estimated to grow significantly over the forecast period (2019-2026). The instruments segment has been further divided into Mass Spectrometer, Pulse Oximetry, Hearing Screening Devices, Laparoscope, Retinoscope, Ultrasound Machine, and Others.
By application, the blood spot test dominated the global newborn screening market accounting in 2018. The collection of blood from newborn’s heel within 24-48 hours of birth on the screening card for diagnosis of over 50 conditions is termed as heel stick or dried blood spot test (DBS). These screening cards are labeled using unique codes and contain no additional identity information. Autisms, Lymphomas and leukemia and many other metabolic conditions can be diagnosed through this test. The card used for testing is provided free in North America as a plan to promote higher procedure volume.
Critical Congenital Heart Disease (CCHD) is one of the commonly occurring disorders, which is screened using the pulse oximeter based technology. It is estimated that 18 out of 10,000 infants suffer from CCHD, which may lead to death if undetected. Growth of this segment is anticipated to affect the newborn screening market substantially over the forecast period.

Geographical Analysis

The North America is dominating the global Newborn Screening market with highest market size in 2018 and estimated to hold the largest market share over the forecast period (2019-2026). The U.S. is leading the North America newborn screening market due to rising prevalence of congenital disorders. According to CDC in 2017, more than five million babies born annually are screened for various possible conditions. In 2017, number of infant deaths was about 22,335 and the leading causes of infant deaths were congenital malformations, deformations and chromosomal abnormalities. Conditions for screening were provided through extensive research by the American College of Medical Genetics (ACMG) under the supervision of the U.S. Department of Health and Human Services (HHS). Recently, ACMG has deviated from the traditional screening criteria and added new conditions to the list. Newborn screening program is diligently followed in all the states of North America. In addition, to create awareness, health departments of the states in U.S. have published free data and created websites that are expected to help parents to cope better with these conditions.
The Asia Pacific newborn screening market is growing at the highest CAGR during the forecast period (2019-2026) due to rising awareness programs and quality assurance of newborn diagnostic procedures in the developing economies of Korea, China, Taiwan, India and Sri Lanka. Improving infrastructure and healthcare plans and the availability of new opportunities for expansion are expected to play a major role in driving demand over the forecast period.
The Middle East region is also contributing to the rising growth of the newborn screening market. For instnace, as part of the National Newborn Screening Program, over 295,000 babies born in Qatar have been screened for metabolic and endocrine disorders, including rare diseases, Of these, 958 babies have been diagnosed with a rare disorder or genetic condition. Qatar was the first country in the region to establish a national newborn screening program, which was implemented in December 2003.

Competitive Landscape

Some of the major players of the global ECMO system market include Covidien Plc., AB SCIEX, Bio Rad Laboratories, Agilent Technologies, Masimo Corporation, Natus Medical, Trivitron Healthcare, PerkinElmer Inc, GE Life Sciences, and ZenTech S.A.
The key players are adopting various strategies such new product developments, mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. For instance,
In October 2018, Trivitron’s Labsystems Diagnostics Oy, a leading brand that develops and manufactures high-quality diagnostic tests for clinical laboratories and physicians, expanded its portfolio on advancing newborn screening (NBS) by launching six new high-quality NBS products at ISNS 2018, Slovakia.
In February 2018, Sema4, a health information company providing advanced genomic testing, launched Sema4 Natalis, a supplemental newborn screening test designed to detect 193 childhood-onset diseases or disorders so parents can gain early insight into their baby's health.
In October 2018, LifeCell International, launched “RightStart”, the world’s first Integrated DNA testing for Newborn Screening to detect over 50 medical conditions. This technology has been proven to be more accurate than current screening methods and has also been found to drastically reduce the false-positive reporting thereby avoiding unnecessary follow-up tests and anxiety of the parents.

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Non-alcoholic Steatohepatitis Treatment Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:39 pm 27 July 2020

Market Overview

Global Non-alcoholic Steatohepatitis Treatment Market Expected to Reach a high CAGR of 54% By 2026: DataM Intelligence
Nonalcoholic steatohepatitis (NASH) is a progressive form of nonalcoholic fatty liver disease (NAFLD) in which there is an abnormal accumulation of fat in the liver. This can lead to inflammation and liver cell damage, which can cause liver fibrosis or scarring and may further progress to cirrhosis or liver cancer. NASH is known to be chronic yet silent disease with few or no symptoms and is often unrecognized and underdiagnosed. Risk factors of NASH include diabetes, obesity, insulin resistance, abnormal levels of cholesterol, and metabolic syndrome.

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Market Dynamics

The global market for the NASH (non-alcoholic steatohepatitis) treatment market is primarily driven by the rising prevalence of NASH and the strong presence of pipeline drugs. For instance, Pfizer is currently researching multiple ways to treat NASH at its different stages of progression. The company entered into a non-exclusive clinical development agreement with Novartis to investigate one or more combination therapies for the treatment of NASH. Owing to lack of symptoms, NASH is often unrecognized and underdiagnosed, but it is believed to affect over 6% of the adult population worldwide, and with no currently available treatments, NASH is most likely to be the leading cause for liver transplant by 2020. Other factors such as the growing prevalence of diabetes, obesity, and rising demand for therapeutics are expected to influence the market growth further. As there are no therapeutic options approved to treat patients with NASH currently, there is a high unmet need for the drugs, and as a result, any new drug launched is expected to see rapid acceptance buy patients with NASH. According to the International Diabetes Federation, Diabetes Atlas Eighth edition 2017, about 425 million adults are diabetic worldwide, and by 2045, the diabetic population is estimated to rise to 629 million. According to WHO, in 2016, over 1.9 billion adults (18+ population) were overweight, of which over 650 million adults were obese. Overall, around 13% of the world’s adult population (11% of men and 15% of women) were obese in 2016.
However, the lack of demand in developing countries and insufficient diagnostic technologies for NASH may hinder market progress.

Market Segment Analysis

By Drug, the global NASH (Non-alcoholic Steatohepatitis) Treatment market is segmented into Vitamin E, Pioglitazone, Ocaliva, Elafibranor, and Selonsertib & Cenicriviroc and others. Vitamin E and Pioglitazone segments currently hold the most significant market shares due to their efficacy. Some studies suggest that pioglitazone, a treatment for type 2 diabetes, improves NASH in patients that don’t have diabetes. Another study by the National Institute of Diabetes and Digestive and Kidney Diseases’ NASH Clinical Research Network identified that treatment with vitamin E or pioglitazone improved NASH in about half of the people treated. However, there is no clinical validation for the long term effects of this treatment. On the other hand, elafibranor and selonsertib & cenicriviroc shares are anticipated to show significant growth due to many drugs currently in the pipeline.

Geographical Analysis

North America occupied a dominant market share of the global NASH treatment market in 2018. Market dominance is mainly attributed to factors such as the rising prevalence of obesity & diabetes, increasing incidence of NASH, and robust pipeline drugs among local players. For instance, in June 2019, Crown Bioscience announced four new preclinical translational NASH models are in development. According to NIH, approximately 12% of US adults suffer from NASH, which is approximately 30 million people, and the prevalence is projected to increase by over 60% between 2015 and 2030. According to the National Diabetes Statistics Report, in 2017, 30.3 million people in the US have diabetes, which is nearly one in 10 Americans. According to the CDC, in 2016, the obesity prevalence rate was 39.8%, and the condition affected approximately 93.3 million adults in the US. Moreover, the advanced regional healthcare infrastructure, rise in healthcare expenditure, the presence of established market players and high investment in R&D activities by them are likely to boost the North America NASH Treatment market growth.

Competitive Analysis

To increase the user base and improve their NASH (Non-alcoholic Steatohepatitis) Treatment market presence, companies are increasingly investing in R&D to have a strong drug pipeline. Moreover, several key companies have adopted merger and acquisition policies, clinical agreements, and collaborations to improve market presence also expand its geographical footprint in the global NASH treatment market.
Major Players in the global NASH Treatment market include Allergan plc, Pfizer Inc., and Novartis AG.
In June 2019, Crown Bioscience announced four new preclinical translational NASH models in development.
In June 2019, GENFIT, initiated a Phase II clinical trial to evaluate the effect of a 6-week, once-daily treatment of elafibranor (120mg) vs. placebo on hepatic lipid composition in patients with Nonalcoholic Fatty Liver (NAFL).
In April 2019, Novartis announced the acquisition of IFM Tre, a subsidiary of IFM Therapeutics LLC. The acquisition is anticipated to provide Novartis full rights to IFM Tre's portfolio of NLRP3 inhibitors which includes – IFM-2427, a clinical-stage systemic antagonist for an array of chronic inflammatory disorders, such as gout, atherosclerosis, and NASH.
In October 2018, Pfizer Inc. and Novartis signed a non-exclusive clinical development agreement for clinical investigation of one or more combination therapies for the treatment of NASH. The companies together will conduct both non-clinical and Phase 1 clinical studies of Pfizer’s investigational drug therapies, including acetyl CoA-carboxylase inhibitor (PF-05221304, currently in Phase II), a diacylglycerol O-Acyltransferase 2 (DGAT2) inhibitor (PF-06865571, Phase 1) and a ketohexokinase (KHK) inhibitor (PF-06835919, Phase 2), along with Novartis’s tropifexor, a non-bile acid, farnesoid X receptor (FXR) agonist.
In April 2017, Allergan entered into a clinical trial agreement with Novartis to conduct a Phase IIb study, using Allergan's cenicriviroc (CVC) and Novartis' lead FXR agonist for the treatment of NASH. The Phase IIb study will evaluate safety, efficacy, and tolerability of this multi-therapy treatment approach for NASH.

Key Takeaways:

The global market for the NASH (Non-alcoholic Steatohepatitis) Treatment Market is primarily driven by the rising prevalence of NASH and the strong presence of pipeline drugs. Other factors such as the growing prevalence of diabetes, obesity, and rising demand for therapeutics are expected to influence the market growth further.
Vitamin E and Pioglitazone segments currently hold the most significant market shares due to their efficacy.
North America accounts for the largest share in the global NASH Treatment market, owing to factors such as the rising prevalence of obesity and diabetes, increasing incidence of NASH, and recent drug approvals.
Adopting merger and acquisitions policies, clinical collaborations, and regional expansion to help key market players to stand out as strong competitors in the NASH treatment market.

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Neurology Devices Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:37 pm 27 July 2020

Market Overview

The Neurology Devices Market is expected to grow at a CAGR of 8.2% during the forecasting period (2019-2026).
The global Neurology Devices market size was worth $ YY billion in 2018 and is forecasted to reach $ YY billion by 2026, at a CAGR of YY% during the forecast period. Neurological devices can help diagnose, prevent, and treat a variety of neurological disorders and conditions such as Alzheimer’s disease, Parkinson’s disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. The demand for neurological devices that are used in treating such disorders has seen an upward growth trend with the introduction of new technological devices. For instance, in July 2019, EVER Pharma, a specialist in neurological diseases, introduced a complete therapy package for Parkinson’s disease with D-mine® Pump, D-mine® Pen and Dacepton® (Dopaceptin®, Apomorphine hydrochloride).

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Market Dynamics

The neurology devices market growth is driven by the rising prevalence of chronic CNS disorders, globally aging population and increased adoption of minimally invasive neurological.
The growth of the global neurology devices market is attributed to the increasing incidence of neurological disorders that include brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson’s disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumor, and stroke. According to Alzheimer’s Disease International, globally, nearly 44 million people have Alzheimer’s or related dementia and is the most common in Western Europe.
Parkinson’s disease is the second most common age-related neurodegenerative disorder after Alzheimer’s disease. An estimated seven to 10 million people worldwide have Parkinson’s disease. Its prevalence ranges from 41 people per 100,000 in the fourth decade of life to more than 1,900 people per 100,000 among those who are 80 and older. According to the Brain Aneurysm Foundation, it is estimated that around 6 million people in the U.S. alone have an unruptured brain aneurysm and the annual rate of rupture is approximately 8 to 10 per 10,000 or about 30,000 people in the U.S. suffer an aneurysm rupture. According to the Epilepsy Society, there are around 60 million people with epilepsy in the world. According to the American Cancer Society, an estimate for brain and spinal cord tumors in the United States in 2019 is roughly 23,820 malignant tumors of the brain or spinal cord (13,410 in males and 10,410 in females) will be diagnosed.
However, the high cost of neurology devices might hamper the global neurology device market. According to PriceGuide service, the average cost of the stimulators is $16,957, up 8% from 2016. The newer models, which are manufactured by Boston Scientific Corp. and Medtronic, cost on average $19,000. The cost of neurology endoscopes ranges from $1,75,000 to $2,25,000, based on the configuration.

Market Segment Analysis

Based on product type, the global neurology devices market is segmented into Neurostimulation, Interventional Neurology, CSF Management Devices, Neurosurgery Devices, Others. Among these, neurostimulation devices accounted for the largest market share of more than 40% in 2018. Neurostimulation Devices is further sub-segmented into Spinal Cord Stimulation, Deep Brain Stimulation, Sacral Nerve Stimulation, Vagus Nerve Stimulation, and Gastric Electric-Stimulation devices. The neurostimulation devices help in reducing pain by blocking the pain signals before they reach the brain. Some of the key factors driving the market growth include growing geriatric population base, the introduction of novel technological advancements, escalating demand for neurostimulation devices as an add on therapy, increasing incidence of chronic diseases such as migraine and epilepsy and the presence of high unmet medical needs in these disease segments. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. For instance, In February 2019, LivaNova Plc announced that the U.S. Centers for Medicare & Medicaid Services (CMS) finalized its National Coverage Determination (NCD) for the LivaNova vagus nerve stimulation therapy (VNS Therapy) System for treatment-resistant depression (TRD).

Geographical Analysis

North America is dominating the global Neurology Devices market in 2018 and estimated to hold the largest market size over the forecast period (2019-2026) owing to the presence of favorable government initiatives on neurological R&D investment and cancer research. The U.S holds about 70% of the market share of the North America neurology devices market in 2018. The increasing regulatory approval for neurology devices in the U.S. is boosting the North America neurology devices market. For instance, in August 2018, Abbott received the U.S. Food and Drug Administration (FDA) approval for the Infinity DBS system. Infinity Deep Brain Stimulation (DBS) System designed to treat patients with Parkinson’s disease and essential tremors.
Besides, the sophisticated healthcare infrastructure in countries such as Canada and the U.S., and the presence of a considerably large CNS disorder patient base are some drivers anticipated to fuel demand in the region. According to the Alzheimer’s Association, 1 in 10 Americans over the age of 65 has Alzheimer’s. More than 5 million Americans are living with Alzheimer’s and by 2050, it’s estimated there will be as many as 16 million Americans living with Alzheimer’s.

Competitive Analysis

The Neurology devices market is a highly consolidated market, with major shared obtained by most of the emerging and local players. Some of the major players include Helius Medical Technologies, Inc., Nihon Kohden Corporation, Neurotrope, Inc., Integra LifeSciences, and Eyecarrot Innovations Corp. Helius Medical Technologies is in surge with the PoNS device which is used for the treatment of neurological symptoms caused by brain diseases.
The key players are adopting various key strategies such as product launches, mergers, and acquisitions which are contributing to the growth of the neurology devices market globally. For instance,
In May 2019, Cala Health raised $50M ahead of the commercial launch of its bioelectric stimulation device.
In March 2019, Brainlab acquired Medineering, a developer of application-specific robotic technologies to expand digital surgery with scalable solutions. This will increase the depth of the Brainlab’s portfolio in cranial surgery and strengthens its offering in spinal surgery, contributing a powerful digital step in clinical workflows.
In February 2019, Medtronic PLC announced both the U.S. launch of Deep Brain Stimulation (DBS) for medically-refractory epilepsy and the first commercially implanted patient at Emory University in Atlanta. DBS therapy for epilepsy delivers controlled electrical pulses to a target in the brain called the anterior nucleus of the thalamus (ANT), which is part of a network involved in seizures.

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Motion Sensors Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:36 pm 27 July 2020

Market Overview

The global Motion Sensors Market expected to grow at a CAGR of over 10% during the forecast period (2019-2026).
Factors such as rising demand for consumer electronics from developing countries and rising adoption of wearables are expected to fuel growth in the global motion sensor market.
The report covers all the major trends and drivers playing a key role in the growth of the Motion Sensors market.
Motion Sensors, also known as a motion detector, is an electronic device that intercepts physical or kinetic movements in real-time. Some of the commonly used motion-sensing technologies include passive infrared, ultrasound wave, microwave, and tomography. These sensors are generally embedded in home control systems, lighting control systems, physical security systems, and fare collection systems.
Motion sensors are now widely used in commercial as well as residential electronics such as energy efficiency security, automated lighting, and home automation, smart wearables, among others.

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Market Dynamics

The global Motion Sensors market growth is driven by a huge demand for consumer electronics applications and increasing expenditure and investment in the automotive and aviation sectors worldwide. Growing adoption of motion sensors in the automotive sector for airbag deployment systems, advanced driver assistance systems (ADAS) coupled with increasing automotive industry globally, is expected to drive the global motion sensors market during the forecast period. Further, technological innovation and the new products will further propel the global market. For instance, In January 2019, TDK InvenSense launched a new line of automotive high-accuracy devices that improves navigation through tunnels, parking garages, and high-temperature environments.
Motion sensors are also being used in Electric vehicles and with a rise in demand for vehicles running on alternative fuels such as EVs coupled with the introduction of regulation pertaining to reducing carbon footprint and global warming will fuel the sale of EVs during the forecast period. According to International Energy Agency (IEA), in 2017, more than one Billion EVs were sold globally, with countries like Norway, China, and the US dominating the global EVs market in terms of market share.
However, high capital requirements, low return on investment, and a growing level of integration can hinder the market growth during the forecast period.

Market Segment Analysis

By Motion Technology, the global Motion Sensors Market is segmented into Infrared, Ultrasonic, Microwave, Dual Technology, Tomographic, and Others. In 2018, infrared motion technology accounted for the majority share in the global market. The increasing adoption of infrared motion technology-based sensors in devices to be used in security and surveillance areas. The critical data provided by motion sensors help in enhancing the performance, safety, comfort, and convenience features. Motion sensors or detectors are one of the important components of security systems used for businesses and residential purposes, as well as in consumer electronics and gaming industries. In addition, the robustness of these sensors and high calibration are the factors attracting different applications in aerospace & defense. Also, the high motion detection range of these sensors make it reliable for consumer electronics, healthcare, and industrial applications.
By application, the global Motion Sensors Market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, and others. Motion Sensors Market for consumer electronics is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising popularity of wearable technology, growing usage of gyroscopes for high stability, image stabilization and navigation in the consumer electronics industry, and increasing demand in smartphones and tablets and rising interactive gaming market.

Geographical Share

By geography, the global Motion Sensors Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, North America and Europe together accounted for a two-third share in the global Motion Sensors market. However, APAC is expected is to witness a tremendous growth rate of 12%-13% over the forecast period, mainly due to the rising market for wearable devices and consumer electronics, mainly due to increasing disposable income and rising awareness about smart home appliances and home automation.
In addition, the growing trends of automation, surging expenditure in defense, and increasing demand for motion sensors from emerging economies such as Brazil, India, China, Indonesia, and Vietnam; will further fuel growth in the global motion sensors market.
In North America, growing industrial and home automation; emerging applications, such as augmented and virtual reality and IoT; and huge defense expenditure by the US government are the major factors driving this market.

Competitive Analysis

Global Motion Sensors Market is fragmented with the presence of global and regional players in the market. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by market participants to generate demand.
Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches.
Some major players in the market are Honeywell International, Bosch, Sony Corp, Synaptics, and STMicroelectronics. Other prominent players in the market include Texas Instruments, DK InvenSense, TE Connectivity, IFM Electronic, and Sensata Technologies.

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Mineral Fillers Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:35 pm 27 July 2020

Market Overview

The Global Mineral Fillers Market is expected to grow at a high CAGR during the forecast period (2019-2026)
Mineral fillers are added to materials such as plastics, composite materials, and concrete to reduce the consumption of expensive resins or binder materials and to confer better properties such as strength, hardness, and smoothness to the combined materials.
Growing skincare industry in emerging economies is also impelling the demand for Mineral fillers. Moreover, increasing demand for fragrances due to rise in the spending power of consumers is fueling the growth in the market.

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Global Mineral Fillers Market Dynamics

The global mineral fillers market is primarily driven by the increase in demand for mineral fillers from developing countries. The high demand for mineral fillers in the developing countries due to the growth of the construction, packaging, and automotive industries is expected to drive the market growth. Particularly, developing economies in APAC and South America regions have increased the investment in commercial real-estate. The Brazilian government announced at the end of 2017 an investment of approximately US$36 billion to resume 7,000 construction projects. The scheme, known as Agora é Avançar, aims to resume and complete previously stalled works by the end of 2018. The Chilean government plans to invest US$28 billion under the Infrastructure Master Plan to develop the country’s infrastructure by 2021, creating huge opportunities for self-healing materials.
According to National Bureau of statistics China in 2018, the commercial building space sold in the region is increased from 157 million sq. meters in 2016 to 169.407 million sq. meters in 2017 and the residential buildings increased form 137.58 million sq. meters in 2016 to 144.788 million square meters in 2017, and these expected consistently during the forecast period.
However, stringent regulation and government policies may hinder the market during the forecast period.

Global Mineral fillers Market – Segment Analysis

By application, the global Mineral fillers Market is segmented into mining, building and construction, and others (Industrial, paint and coatings). In 2018, Building and Construction held majority share in the global market. Rising awareness about the benefits of mineral fillers has increased the importance as well as demand of mineral fillers in developing countries Brazil, India, and China.
High industrialization growth in the region, especially in China and India, is estimated to fuel the demand for mineral fillers in the region. Driven by the regulations and growing end-user base from industries like oil & gas and mining, the market is expected to witness a significant growth during the forecast period.

Global Mineral fillers Market– Geographical Analysis

By geography, the global Mineral fillers market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
In 2018, Europe accounted for the majority share in the Global Mineral fillers Market. Major contributors to the regional market are U.K, France, and Germany. However, the region is anticipated to witness a moderate growth during the forecast period due to sluggish growth of end users and economic slowdown.
South America and APAC regions are estimated to register a significant CAGR owing to reviving economy and high growth potential of India, China and Brazil. APAC is the fastest growing market among them, owing to the presence of dynamic and emerging economies in the region such as India, Japan, China, Singapore and South Korea. Construction in these countries is at all time high because of the majority of the population moving to urban areas. This shift will require more residential and commercial building construction, therefore, fueling growth in the construction sealants market in the region.
North America is the second largest market in the Global Mineral fillers Market after Europe. The US is leading the market in this region, which is attributed to huge demand of personal care and household products.
In MEA, increase in construction projects (residential or commercial) has resulted in growth of the market. In 2018, the total value of the Saudi Arabian capital projects is estimated to approximately $1 trillion. At the same time, the U.A.E. comes second with capital projects of ~$700 billion, while Egypt and Kuwait are the following two with ~$570 billion and ~$200 billion respectively. Therefore, fueling growth in the market.

Global Mineral fillers Market– Competitive Analysis

Mineral fillers market is highly competitive and thus manufacturers continuously focus on developing new strategies in order to grab more number of customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Mineral fillers. To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Mineral fillers. Merger, acquisition and product development are key strategies adopted by leading players.
The major players include Royal Dutch Shell Plc, Arkema Group, National Gas Company SAOG, Akzo Nobel N.V., and Aveflor A.S. Other prominent players in the market are Honeywell, Grillo Werke AG, Aeropres Corporation, BOC Industrial Gases UK, and Emirates Gas LLC.

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Monorail Systems Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:35 pm 27 July 2020

Market Overview

The Global Monorail Systems Market is expected to grow at a high CAGR during the forecasting period (2019-2026). The growing urbanization coupled with the increased demand for in-city transportation all around the world is anticipated to drive the Monorail Systems Market in the forecast period.
A monorail is a railway in which the track consists of a single rail or a beam. The term is also used to describe the beam of the system, or the trains traveling on such a beam or track. Monorails have found applications in airport transfer and medium capacity metros. Vehicles either are suspended from or straddle a narrow guideway. In most cases rail is elevated, but monorails can also run at grade, below grade, or in subway tunnels. Monorail vehicles are wider than the guideway that supports them.
The report covers all the major trends and drivers playing a vital role in the growth of the global Monorail Systems market. The global Monorail Systems market has been segmented based on Type, Propulsion, and Region.

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Market Dynamics

The global Monorail Systems Market is primarily driven by growing urbanization coupled with the demand for mass transit is increasing to ease congestion and traffic in the cities. The common transport for the city dwellers is the metro. Hence, governments all around the world are investing heavily in the metro transportation to cover larger areas of cities so that people can commute easily. In 2018, the most urbanized regions were: Northern America (82%), Latin America and the Caribbean (81%), Europe (74%), and Oceania (68%). While Asia has only about 50% level of urbanization, it is home to 54% of the world's urban population. Africa, with an urbanization level of 43%, at world level is on par with Europe, representing 13% of world's urban population. The urban population increases considerably faster in developing regions than in the developed ones.
However, lower passenger Capacity than other transportation systems (like buses, metro, and light rails) and the high initial cost of deployment are the major factors that will be hampering the growth of Monorail Systems market.

Market Segmentation

By Type, the global Monorail Systems Market is segmented into Straddle and Suspended. Straddle has the dominant position in the Monorail Systems market due to the capability of carrying a greater number of passengers than suspended monorail systems. However, the use of suspended monorails in the places like Zoo, malls to parking travel (like in China), parks is making the market for suspended monorail to grow with a higher CAGR in the forecast period. It is expected that Straddle monorail system will grow at a CAGR of ~XX% during the forecast period.
By Propulsion, the global Monorail Systems Market is segmented into Electric and Maglev. Maglev has higher dominance in the Propulsion segment of Monorail Systems as they are efficient in operation and are cheaper in terms of installation costs. Moreover, due to large demand for electric monorails in countries like Japan, and South Korea electric segment will be growing with higher CAGR for the forecast period.

Regional Analysis

By geography, the global Monorail Systems Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
APAC holds the largest market share for Monorail Systems Market due to the rapid urbanization coupled with demand for in-city transportation. The countries like India, China, Korea, and Japan are the majorly contributing to the growth of the market. Currently, when Mumbai is rolling from the beginning of this year, the other major cities are busy to streamline the process for their monorail projects too. Delhi, Bangalore, and Kerala have already submitted their Detailed Project Reports (DPRs) and got approval for the same, whereas Chennai has floated the technical and financial bids for its phase I to cover 57km at an estimated cost of Rs.8,500 crore. While Chennai's initial plan was to cover 111km of the city's periphery in the first phase, the government later dropped the plan of including the Vandalur-Puzhal (54 km) corridor.
However, Europe is after APAC in terms of the market share of Monorail Systems Market due to increase in demand for transportation, which is pollution-free as electric monorail is the perfect solution. Countries like Istanbul has largest monorail network in Whole Europe, and other countries are investing in monorail projects. Istanbul started the process of building the largest monorail network Europe has ever seen. Covering 47 kilometers (29 miles) and ultimately carrying 200,000 passengers a day.

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Monorail Systems Market is a fragmented market with the presence of various global and regional players in the market. The major players include Thales Group, Alstom S.A., Hitachi Ltd, Bombardier Inc., and Scomi Engineering BHD. Other key players in the market include Siemens AG, Mitsubishi Heavy Industries Ltd., Urbanaut Monorail Technology, erobus International, Inc., and Intamin Bahntechnik.

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Metal Testing Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:34 pm 27 July 2020

Market Overview

The Global Metal Testing Market is expected to grow at a CAGR of 9.5% during the forecasting period (2019-2026).
Metal Testing equipment are generally used to validate the viability, morphology of the grain structure, and durability of the metals prior to its usage in industries. Metal testing equipment are used in various fields such as automobile industries, aerospace, and oil & gas industries. The conventional techniques used to identify the morphology and strength of the metal is by Universal testing machine, bending machine, torsion machine and hardness testing machines. The Current advanced technologies used in the testing of raw metal and metal products across the industries includes ultrasonic testing, magnetic particle testing, radiographic testing and others.

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Market Dynamics:

Growing production of metal industry-end products, and aerospace products associated with an increase in investments by the major players in the manufacturing industry for non-destructive equipment for providing accurate quality tests to meet the global demand for high quality and reliable products are the factors driving the global metal testing market in recent years.
According to the study published in the World Steel Organization in 2018, the global production of steel ingots has increased from 56.988 million tons in 2016 to 58.963 million tons in 2017.
Growing production of steel ingots associated with expansions of production plants of steel industries across the globe are the factors expected to boost the sales of Non-destructive testing equipment across the globe.
The gradual increase in production of aircrafts and space systems associated with an increase in investment by the major players in the aerospace industry to produce high-quality parts to meet the standards is expected to boost the global metal testing market during the forecast period. According to the data published in Aerospace Industry Association in 2018, the annual production of civil aircrafts, Defense Systems, military aircrafts, and naval systems in the United States has increased from 3341 units in 2016 to 3657 units in 2017 providing equal market growth for global metal testing market.
Growing demand for sophisticated metal measurement equipment for structural, morphological and strength analysis from research development institutes associated with an increase in establishments of research and development laboratories across the globe in the various industry to meet the consumer demand is expected to boost the global metal testing market during the forecast period.

Restraints:

High cost associated with the non-destructive testing equipment associated with lack of availability of trained personal operating the advanced testing equipment are the factors hindering the growth of global metal testing market.

Market Segment Analysis

By testing type, the global metal testing market is further segment into destructive testing and non-destructive testing. Destructive testing is further segmented into tensile testing, hardness testing, impact testing, bend testing, and others. Non-destructive testing is further segmented into ultrasonic testing, magnetic particle testing, radiographic testing, and others.
Non-destructive testing methods are expected to dominate the global metal testing market owing to its high precision and accuracy nature and initial cost associated with prototype led to an increase in adoption of advanced testing equipment for validation.
High initial investment by the producers in the manufacturing of aircraft components associated with an increase in demand for necessary testing for individual components and reduced scrapping are the factors additionally contributing to the growth of Non-destructive testing market globally.
Shift in trend in the manufacturing industry towards predictive maintenance in the oil & gas industry for reduced explosions and human disasters are additionally contributing to the growth of the global metal testing market.
Lack of availability of advanced equipment for welding activities in the oil and gas industry and growing demand for sophisticated equipment in non-contact testing equipment for improved efficiency led to an increase in adoption of non-destructive testing equipment.
In July 2018, the nuclear research institute and Ghana Atomic Energy Commission initiated the usage of Non-destructive equipment to reduce the potential disasters.
By end-users, the global metal testing market segment is further segmented into research & development laboratories, metal and steel industries, construction, and others.
Metal and steel industries are expected to dominate the global metal testing market owing to extensive usage of Destructive and Non-destructive testing equipment in identifying the material properties for individual end-products and ingots associated with an increase in demand for high-quality equipment by the automobile manufacturers and other manufacturers.
Research & Development laboratories are expected to grow at a higher pace during the forecast period owing to increase in investment by the major industry players for the development of the innovative product to improve their presence in the competitive industry across the globe associated with the growing demand for sophisticated equipment for material morphology and strength testing.
In February 2019, Element Testing service supplier launched 20,700 ft testing laboratory in Sheffield, UK targeting aerospace industry with an investment of USD 250,000 in immersion ultrasonic testing, dye penetrant inspection, eddy current inspection and magnetic particle inspection.

Geographical Share

By geography, the global metal testing market is segmented into North America, South America, Asia Pacific, Europe, Middle-East and Africa.
North America dominates the global metal testing market owing to high presence and growing output of manufacturing industry associated with an increase in investment by the companies to meet the industry standards with minimal production loss through non-destructive testing techniques. Increase in adoption of automated technologies across the region led to an increase in investment by the manufacturers in the automated Non-Destructive technologies.
United states dominate the North America metal testing market owing to the presence of stringent regulations and quality standards in product outputs and simultaneous investment by the regional players in sophisticated testing equipment for improved productivity with limited scrap.
High presence of research and development laboratories in various industries to improve their product portfolio and increased to student-industry research programs Is expected to additionally contribute to the growth of United States metal testing market.
According to the data published in U.S Energy Information Administration in 2019, the United States production of Crude oil increased from 111,822 BBL/D/1k in 2017 to 131,356 BBL/D/1k in 2018. The gradual increase in production of crude oil across the United States and growing investment by the non-destructive testing equipment for carrying out predictive maintenance activities in oil & gas industry are additionally contributing to the growth of U.S metal testing market.
Asia Pacific region is expected to grow at a higher pace during the forecast period owing to the high presence of electronics and manufacturing industry and rapid adoption of destructive testing techniques and non-destructive testing techniques by the regional & global players to improve their presence in the industry and across the globe.
China dominates the Asia-Pacific metal testing market due to the high presence of automobile, electronics, aerospace & defense industry and greater investment by major players in the industry across the region to better productivity and quality in their output.
According to the data published in National Statistics Bureau of Statistics in 2018, the establishments of R&D institutions increased from 6456 units in 2016 to 7018 units in 2017 while expenditure increased from USD 367 million in 2016 to USD 391.807 million in 2017. Growing establishments of new research & development centers across the globe associated with an increase in expenditure on R&D in the manufacturing industry are additionally contributing to the growth of China metal testing market.

Competitive Analysis

Global Metal Testing market is highly fragmented with high numbers of global players and regional players present in the industry. The industry is highly competitive with respect to current advancements in the non-destructive technologies through start-ups.
The key strategies adopted by prominent players in the global Metal Testing market include product launches through technological innovations in non-destructive testing techniques to meet consumer demand from various industries.
Some of the key players in the global metal cutting tool market includes ZwickRoell Group, Olympus Corporation, SGS Group, and Presto Testing Instruments.
In June 2019, Testia launched the latest version of Smart EU1 with Ultrasonic, Eddy current, and Resonance non-destructive testing.
In October 2018, Eddify Technologies launched handheld portable dry-coupled Silverwing R-Scan Ultrasonic inspection solution to meet the growing demand for battery operated and portable systems for oil & gas industries.
In October 2018, Sepha launched Sepha Multi-Q a standalone, multi-functional non-destructive leak test system suitable for pharmaceutical, medical device and nutraceutical industries.

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Injection Moulding Machines Market, Size, Share, Outlook and Growth Opportunities 2019-2026

9:33 pm 27 July 2020

Global Injection Moulding Machines Market Overview

The Global Injection Moulding Machines Market was valued at USD XX million in 2018 and expected to grow at a CAGR of 5% to reach a market value of USD XX million by 2026.
An injection Moulding machine is used to manufacture plastic products using the injection Moulding method. The injection moulding process is the most widely used modern technology to manufacture plastic and other products. This kind of moulding involves injecting raw material under high pressure into moulds which shapes the material into the desired output.

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Global Injection Moulding Machines Market Dynamics

The growth in the moulding machine market is mainly due to the trend of rapid industrialization in developing countries. Technological developments which require specialized components accelerated urbanization, and infrastructure growth are further driving the growth. The increasing demand for reducing production timeline also acts as an augmenting factor driving the injection moulding machines market growth in recent years.
The factors that restrain the growth of the market are; ban on plastics across the world due to rising environmental consciousness among the population. Since plastics are derived from the naturally occurring materials such as coal, natural gas and crude oil, the fact that they’re depleting fast also raising concerns over the future market growth.

Global Injection Moulding Machines Market- Segment Analysis

By material, the Global Injection Moulding Machines Market is divided into Plastic, Metal, Rubber, Ceramic and others. The plastic injection moulding machine segment is expected to have the highest market share, primarily due to rising demand from the automotive industries, and the consumer-goods market which has a wide range of applications like manufacturing of plastic bottles, plastic toys, chairs etc. The plastic segment is also further divided into thermoplastics and thermosetting plastics. The thermoplastics segment is projected to have a higher market share than its thermosetting counterpart. This is mainly due to its higher flexibility, and low boiling point of thermoplastics. Metal injection moulding is further sub-segmented into iron and steel, stainless steel, copper, aluminium etc. Ceramic injection moulding is further sub-segmented into zirconia, alumina etc.
By technology, the Global Injection Moulding Machines Market is segmented into Hydraulic, Electric and Hybrid moulding machines. The Hydraulic Injection Moulding Machine segment is forecasted to dominate the market, as electric machines are unable to achieve the clamping force produced by hydraulic moulding machines. Whereas hybrid injection moulding machines, on the other hand are expected to have considerable growth in the coming years. For example, Arburg manufactures hybrid injection moulding machines that are designed to save energy up to 40%. Adding to this is the fact that the maintenance of hybrid machines requires skilled employees having expertise in electric and hydraulic machines are the key factors affecting the growth.
By end-use, the Global Injection Moulding Market is divided into Automotive Electronics, End-product Packaging, and Consumer Goods. The end-user segment is expected to be outshined main by automotive goods supported by increasing production of vehicles and increasing demand for transportation in the developing nations and developed countries.

Global Injection Moulding Machines Market- Geographical Analysis.

By geography, the market is segmented into North America, South America, Europe, Asia Pacific and the Middle East and Africa.
The Global Injection Moulding Machines Market is expected to be concentrated in the North American region primarily from the USA with increasing demand for automotive components. Complementing this, the increasing rate of adoption to advanced technology in the US compared to global, have supported the growth of injection moulding machines market in the region.
In the European region, Germany is expected to emerge as a leading market for Injection Moulding Machines due to government policies focussed on improving infrastructure, continuing investment in Research and Development, and finally increasing skilled workforce in the country. The Global Injection Moulding Machine Market will experience a boost from these factors as the units used in construction are produced by these machines. For example, Metal injection moulding machines produce a range of components used in the construction business like fittings, metal pipes, clamps etc.
In the APAC region, China is anticipated to have the highest market share, due to the rapid rate of industrialization, and increasing automation of repetitive and risky tasks. Automation directly affects the demand for injection moulding machines as the machines which replace humans, need complex, and specialized components. These components are produced by injection moulding machines- either hydraulic or electric or even hybrid.

Global Injection Moulding Machines Market- Competitive Analysis

The Global Injection Moulding Machines Market is fragmented, as there is no major competitor holding a major portion of the market share. The players in this market are adapting to the global trends by incorporating artificial intelligence in the machines they manufacture, either to predict machine failure by evaluating machine data or to increase efficiency.
For example, Engel has started providing smart solutions which identifies machine wear and reliably predict the remaining service life of various components in the system through continuous evaluation of the machine.
Arburg, on the 0ther hand, also concentrates on building a smart factory through its “digital transformation” initiative, where it takes into account all economic processes and gives insights on a sustainable method to increase the efficiency of production. This Smart Machine enables users to perform complex tasks relatively easily.

Market Players-

Engel
Arburg
Krauss Maffei
Batterfeld
Demag
Ferromatik Milacron India ltd
Toshiba Machines
UBE Machinery
Riyue Heavy Industry Co. Ltd.
Nissei Plastics Industrial Co. Ltd

Key Takeaways

The Global Injection Moulding Machines Market is still expanding, far from maturity. The growth of this market is expected to be propelled by technological advancement and the rapid industrialization in the developing countries which demand specialized products.
With research and development enriching the technical prowess of the world, injection moulding machines are the need of the hour as they possess the ability to make customized products.
Companies wishing to enter the Global Injection Moulding Market have an opportunity for high profits by producing automotive parts, as the automotive sector is the key market in terms of moulded products, and is expected to grow further in the future.
The smart injection moulding machine sector is also an untapped market with companies beginning to adapt this technology recent times only.

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