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January 2024
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The car rental market involves renting automobiles for short periods of time, generally ranging from a few hours to a few weeks. Customers can book cars through both online and offline channels. Notable product segments in the car rental market include luxury cars, executive cars, economy cars, SUVs, and MUVs. The market caters to a variety of end-users including business customers, leisure travelers, and others. Some key participants in the industry offer additional value-added services like frequent flyer programs, traveling concierge services, and hybrid and electric vehicle options.
The global car rental market is estimated to be valued at US$ 133.23 billion in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growth of the car rental market is majorly driven by the growing demand for on-demand transportation services. With the proliferation of ride-hailing platforms and car subscription services in recent years, consumers prefer accessing vehicles on an as-needed basis rather than owing them. This has significantly boosted the rental car industry. Furthermore, the increasing fleet sizes of major rental operators like Hertz and Avis to cater to the growing mobility demand from business and leisure travelers is another key factor contributing to the market growth. However, factors like high rental costs and availability of alternatives in the form of shared mobility may challenge the market to a certain extent during the forecast period. Segment Analysis The car rental market can be segmented by rental type, by vehicle type, by mode of booking and by end use. The rental type segment includes airport transport, local usage, outstation, and others. The local usage segment dominates the market as it constitutes the basic need for mobility and transportation within a city. Due to ease of access and availability, local rentals are preferred for short as well as long-term usages. PEST Analysis Political: The regulations surrounding private vehicle ownership and usage influence the car rental market. Easing of such regulations stimulates market growth. Economic: A healthy economy leading to rise in disposable incomes and corporate spending on travel boosts market demand. Social: Changing lifestyle and mobility needs of population especially in metro cities increases preference for rental cars over owned vehicles. Technological: Advancements in online booking platforms and mobility solutions support convenient rental services aiding the market expansion. Key Takeaways The Global Car Rental Market Size is expected to witness high growth during the forecast period. Regionally, the Asia Pacific region is anticipated to emerge as the fastest growing market owing to rising incomes, urbanization, and spending on travel industry in countries like India and China. Key players operating in the car rental market are Nobel Biocare Services AG, DIO Corporation, Ivoclar Vivadent AG, GC Dental, Modern Dental Group Limited, COLTENE Group, SHOFU Dental GmbH, VITA Zahnfabrik, Holmes Dental Co., Lasak, Institut Straumann AG, Derby Dental, and Anthogyr SAS. Key players are focusing on strengthening service portfolios and global footprint through mergers and acquisitions to gain competitive advantage. Get more insights on this topic: https://www.rapidwebwire.com/car-rental-market-trends-size-and-share-analysis/
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Boxing equipment includes gloves, hand wraps, punching bags, protective gear such as headgear, mouthguards, shin guards, chest protectors etc. Boxing is gaining popularity among amateur and professional athletes as a combat and fitness sport. Growing popularity of boxing through various amateur boxing leagues and professional boxing events is increasing the demand for boxing equipment. Additionally, boxing fitness training is gaining interest with benefits of reducing stress, improving physical strength and endurance. The global Boxing Equipment Market is estimated to be valued at US$ 1.92 Bn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity: Growing Interest in Combat Sports Training The key market opportunity for boxing equipment manufacturers is the growing interest among youth in martial arts and combat sports training. Boxing provides a complete body workout that improves strength, agility and self-defense skills. With rising health awareness, many recreational athletes and fitness enthusiasts are incorporating boxing and mixed martial arts training into their routine for overall fitness. Boxing equipment manufacturers can leverage this opportunity by developing multifunctional equipment suitable for both amateur boxing and combat sports training. They can also collaborate with gyms and combat sports academies to promote the health benefits of boxing and mixed martial arts, driving the demand for related boxing equipment. With its advantages of being a full-body workout along with self-defense skills, boxing is expected to remain a popular combat sport globally. Porter's Analysis Threat of new entrants: The boxing equipment market is highly competitive in nature, making entry difficult for new players. However, the forecast high growth provides opportunities. Bargaining power of buyers: The buyers have moderate bargaining power due to the availability of various equipment brands. Bargaining power of suppliers: The suppliers have low to moderate bargaining power due to the presence of various equipment manufacturers. Threat of new substitutes: There are minimal threats from substitutes due to lack of close substitutes for boxing equipment. Competitive rivalry: The boxing equipment market witnesses intense competition among existing manufacturers. SWOT Analysis Strengths: Boxing has gained popularity globally due to the Olympic sport status and as a fitness trend. Innovation in equipment design has improved usability and performance. Weaknesses: Market dependency on few key brands increases supplier bargaining power. Equipment purchases are discretionary in nature affecting demand. Opportunities: Growing popularity of combat and self-defense sports presents an opportunity. Developing regions offer immense growth potential. Threats: Strict regulations on boxing in some countries and banning of leagues present challenges. Seasonality affects demand cyclically. Key Takeaways The global boxing equipment market is expected to witness high growth over the forecast period driven by the increased popularity of combat sports globally. The market size for 2023 is projected to be US$ 1.92 billion. Regional analysis: North America dominates the global market currently owing to presence of major leagues and higher participation. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to large population, growing disposable incomes and increasing health awareness in the region. Key players: Key players operating in the boxing equipment market are Novartis International AG, Pfizer, Inc., Sanofi S.A., Amgen, Inc., Regeneron Pharmaceuticals, Inc., F. Hoffmann-La Roche AG, Bluebird Bio, Inc. (Celgene Corporation), Gene biotherapeutics, Sibiono GeneTech Co. Ltd., Kolon TissueGene, Inc., Horama S.A., MeiraGTx Limited, Gilead Sciences, Inc., Biogen INC., Organogenesis, Inc., JCR Pharmaceuticals Co. Ltd, uniQure N.V., WuxiAppTec, Lonza, and Immuneel Therapeutics Pvt Ltd. Major players are focusing on product innovation and geographic expansion to consolidate their market position. Get more insights on this topic: https://www.dailyprbulletin.com/boxing-equipment-market-trends-size-and-share-analysis/
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Physical therapy virtual and telerehabilitation involves provision of physical therapy services via telecommunication technology such as video conferencing, smartphones, and other handheld devices. Patients receive physical therapy, therapy education, and overall care management through virtual sessions with their physical therapists. It is particularly gaining prominence amid the COVID-19 pandemic as social distancing mandates have increased demand for telehealth solutions.
The global U.S. physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 181.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The global U.S. physical therapy virtual and telerehabilitation market is driven by rising adoption of telehealth and telemedicine solutions across the country. Growing prevalence of chronic diseases such as cardiovascular diseases, diabetes, cancer etc. which require physical therapy or rehabilitation is creating demand for virtual therapy sessions. According to a study conducted by the American Physical Therapy Association in 2020, around 70% of physical therapy treatments can be effectively delivered through virtual modalities. Telehealth removes geographical barriers and allows patients to receive physical therapy from the comfort of their home. This is particularly beneficial for elderly population and for patients in rural areas with limited access to physical therapy clinics. The COVID-19 pandemic has further accelerated adoption of virtual solutions as social distancing norms have increased utilization of telehealth for non-emergency consultations and healthcare needs. Market Dynamics: The global U.S. physical therapy virtual and telerehabilitation services market is driven by rise in telehealth and telemedicine adoption as highlighted in heading. During COVID-19, social distancing mandates drove greater utilization of virtual care solutions for non-emergency physical therapy needs. This helped remove geographical barriers and allowed high-risk patients to receive rehabilitation services remotely. Moreover, the driver from heading i.e. rise in chronic diseases is also increasing demand for physical therapy virtual sessions. Common chronic conditions like arthritis, back pain, post-surgery rehabilitation etc. can be effectively managed through virtual modalities. Remote patient monitoring solutions help therapists design customized home exercise programs, review performance, and ensure treatment adherence digitally. Growing geriatric population prone to mobility issues further boosts market growth. Segment Analysis The U.S. physical therapy virtual and telerehabilitation services market is segmented into treatment type, application, and end user. Treatment type is further divided into video conferencing, audio-only conversation/phone calls, and integration with exercise/activity tracking. Among these, the video conferencing segment dominates the market due to preference of both patients and therapists for video-based interaction during telerehabilitation sessions. PEST Analysis Political: The market is positively impacted by initiatives taken by regulatory bodies and lawmakers to promote digital health and virtual healthcare services in the U.S. This includes passing of laws to make virtual healthcare more accessible. Economic: High healthcare costs in the U.S. drives demand for cost-effective alternatives like telerehabilitation services. Insurance coverage for virtual PT is expanding which boosts the market growth. Social: Growing geriatric population and rising prevalence of chronic diseases requiring long-term rehabilitation increases social acceptance of virtual rehabilitation services. Convenience and flexibility of digital healthcare is favored. Technological: Advanced technologies for remote monitoring and digital health platforms facilitate delivery of effective virtual PT sessions. Wearables and sensor-based technologies integrated with telehealth platforms expands treatment options. Key Takeaways The Global U.S. Physical Therapy Virtual And Telerehabilitation Services Market Size is expected to witness high growth. The global U.S. Physical Therapy Virtual and Telerehabilitation Services Market is estimated to be valued at US$ 181.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030. The US dominates the North American market for virtual physical therapy due to growing demand for cost-effective alternatives to in-person care. Factors such as high healthcare expenditure, expanding insurance coverage for telehealth and digital healthcare initiatives taken by authorities drive rapid adoption of telerehabilitation services across various states in the US. Key players operating in the U.S. Physical Therapy Virtual and Telerehabilitation Services Market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd. Get more insights on this topic: https://www.dailyprbulletin.com/u-s-physical-therapy-virtual-and-telerehabilitation-services-market-market-size-share-analysis-growth/
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Lactulose is a synthetic disaccharide used as a laxative. It works by drawing water into the colon and softening stool for easier bowel movements. Lactulose is often prescribed to treat occasional constipation and help manage symptoms of hepatic encephalopathy. The global lactulose market is experiencing high demand due to increasing cases of constipation worldwide and growing preference for preventive healthcare.
The global lactulose Market is estimated to be valued at US$ 175.29 Mn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The inclination towards preventive healthcare is presenting lucrative growth opportunities for lactulose market. Constipation is a common problem worldwide and regular intake of lactulose helps in maintaining bowel health. It is gaining recognition as a prebiotic that supports the growth of beneficial gut bacteria. The prebiotic properties of lactulose are encouraging consumers to opt for it routinely rather than just as medicine. Manufacturers are promoting the various health benefits of lactulose such as lowering risk of colon cancer. The trend of self-medication for minor digestive issues is expected to further propel the demand for lactulose supplements. Porter's Analysis Threat of new entrants: The lactulose market requires high capital investments for R&D and manufacturing facilities limiting threats from new entrants. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products but buyers prefer branded products for better quality. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw material sources and established supply chain relationships of key players. Threat of new substitutes: Threat from new substitutes is moderate as lactulose offers unique beneficial properties for constipation and liver disorders. Competitive rivalry: The market is moderately competitive due to presence of global and regional players. SWOT Analysis Strength: High demand for lactulose syrup and tablets to treat constipation and hepatic encephalopathy. Established supply chain and distribution channels of key players. Weakness: High capital requirements and stringent regulations delay entry of new players. Seasonal availability and price fluctuations of raw materials. Opportunity: Rising geriatric population prone to constipation and liver disorders boost product demand. Emerging economies with growing healthcare expenditure present new opportunities. Threats: Intense competition from substitutes like milk of magnesia, miralax and fiber supplements. Patent expiries of branded products allow entry of generics. Key Takeaways The Global Lactulose Market Demand is expected to witness high growth at a CAGR of 3.6% during the forecast period of 2023 to 2030. The market size is projected to reach US$ 175.29 Mn in 2023. Regional analysis - North America dominates the global market and is expected to retain its leading position throughout the forecast period owing to rising healthcare spending and high adoption of lactulose products. The Asia Pacific market is projected to be the fastest growing region due to improving access to healthcare facilities, lifestyle changes and increasing prevalence of target diseases. Key players - Key players operating in the lactulose market are Abbott, Morinaga Milk Industry CO., LTD., RELAX EXCELLENCE IN LACTULOSE, FRESENIUS KABI, BIOFAC A/S and Lactose India Limited. Abbott dominates the global market owing to its wide geographical presence and product offerings. Get more insights on this topic: https://www.dailyprbulletin.com/lactulose-market-size-market-share-analysis/
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Influenza vaccines help in prevention of seasonal influenza by working with the body's natural defense mechanism to safely develop immunity against flu viruses without having to get the flu. Influenza vaccines reduce the chances of contracting flu and if viral particles are encountered, it helps in developing swift immune response. Influenza vaccines are available in three types - trivalent vaccines that protect against two influenza A viruses and one influenza B virus, quadrivalent vaccines that protect against an additional B virus and recombinant vaccines that are developed using gene-amplification biotechnology rather than egg cultivation. Their increased demand for prevention of seasonal flu across age groups is driven by growing awareness about effectiveness of flu shots and expanding vaccination programs worldwide.
The global Influenza Vaccines Market is estimated to be valued at US$ 6216.47 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The increased demand for seasonal flu prevention (as referred in the heading) is one of the key drivers propelling growth of the influenza vaccines market. Annual flu vaccination is most important step to prevent seasonal flu and its potentially serious complications. With growing focus on curbing spread of influenza, vaccination programs backed by health organizations like WHO, national health ministries are driving up uptake of flu shots across households and high-risk groups. Additionally, continuous technological advancements in flu vaccines production technologies has enhanced supply capabilities to meet rising global demand. Introduction of cell-culture and recombinant technology produced influenza vaccines with improved stability, scalability and timely availability is further supplementing market growth over the forecast period. Segment Analysis The global influenza vaccines market is segmented into type, vaccination, age group, distribution channel and region. Based on type, the market is segmented into trivalent and quadrivalent influenza vaccines. Among these, the trivalent influenza vaccines segment dominates the market as it offers protection against three different flu virus strains which is recommended by WHO for vaccination. PEST Analysis Political: Governments across many countries are taking initiatives to spread awareness about influenza vaccination and fund influenza vaccination programs, especially for high-risk groups. This is driving the market growth. Economic: Influenza outbreaks can significantly impact a country's economy due to loss of productivity. Widespread influenza vaccination programs help reduce the economic burden of influenza on healthcare systems and productivity. Social: Increasing public awareness about seasonal influenza, risk of influenza infection, availability of vaccines and importance of vaccination is encouraging more people to take the vaccine annually. Technological: Continuous research is being conducted by key players to develop improved influenza vaccines with enhanced efficacy, longer durability and multi-strain protection abilities using advanced technologies. Key Takeaways The Global Influenza Vaccines Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising awareness, government funding for vaccination programs and new vaccine development. The global influenza vaccines market is estimated to be valued at US$ 6216.47 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period of 2023 to 2030. Regional analysis The Asia Pacific region is expected to remain the fastest growing market during the forecast period due to rapid improvement in healthcare infrastructure and growing focus of governments on immunization programs in populous countries like India and China. New vaccine facilities being set up by key players will also support market growth. Key players Key players operating in the influenza vaccines market are DuPont de Nemours, Inc., Lenzing AG, Kelheim Fibres GmbH, Asahi Kasei Corporation and Grasim Industries Limited. These players are focusing on launching differentiated products and expanding manufacturing capacities to strengthen their market positions. Get more insights on this topic: https://www.dailyprbulletin.com/influenza-vaccines-market-size-market-share-analysis/
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Surgical gloves are made from various polymers including natural rubber latex, vinyl, nitrile rubber, and neoprene. Surgical gloves provide protective barriers for healthcare workers and patients by reducing the risks of transmission of pathogens, chemical agents, and microorganisms. They also protect healthcare workers from bodily fluids, contaminated medical supplies or instruments, and infectious diseases. The growing risk of healthcare-associated infections and stringent regulations regarding the use of gloves in medical facilities are augmenting the demand for surgical gloves in India.
The global India Surgical Gloves Market is estimated to be valued at US$ 125.67 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The development of healthcare infrastructure in India offers lucrative growth opportunities for players in the India surgical gloves market. India has a shortage of hospital beds and healthcare professionals. According to the World Bank, India has only 0.7 beds per 1,000 people, which is much lower compared to the global average of 2.9 beds per 1,000 people. The Government of India has undertaken several initiatives to bridge this gap through public-private partnerships and improve access to healthcare. For instance, the government's efforts under the Ayushman Bharat initiative to set up 1.5 lakh health and wellness centres along with increasing the number of medical colleges are expected to boost surgical procedures and in turn, drive the demand for surgical gloves. Thus, the growing healthcare infrastructure in India presents substantial expansion opportunities for surgical gloves manufacturers over the forecast period. Porter’s Analysis Threat of new entrants: The Indian surgical gloves market has moderate threat from new entrants as it requires huge capital investments and technical expertise for manufacturing gloves as per international quality and safety standards. Bargaining power of buyers: The bargaining power of buyers is high as there are many established players offering gloves at competitive prices in the market. Buyers can easily switch between brands. Bargaining power of suppliers: The bargaining power of suppliers is moderate as key raw materials like natural rubber latex and chemicals are globally available from multiple suppliers. Threat of new substitutes: There is low threat from substitutes as surgical gloves made of natural rubber latex are considered the gold standard for high strength and barrier protection in surgeries and medical examinations. Competitive rivalry: The market has high competitive rivalry among established players. SWOT Analysis Strength: India has a large national healthcare infrastructure and growing medical tourism which drives the demand for surgical gloves. The manufacturing costs are lower than developed markets. Weakness: Dependence on imports for some key raw materials. Compliance to international quality standards increases production costs. Opportunity: Growing middle-class population and rising incidence of chronic diseases and accidents are expected to boost the market. Scope for product innovation. Threats: Export restrictions can impact supply costs. Imposition of customs duties on finished gloves impacts margins. Key Takeaways The Global India Surgical Gloves Market Size is expected to witness high growth aided by increased healthcare spending by the government, rising awareness about personal hygiene and surge in surgical procedures. The global India Surgical Gloves Market is estimated to be valued at US$ 125.67 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030. The Northern region holds the major share currently due to concentration of manufacturing units and presence of large private hospitals in Delhi NCR and cities of Uttar Pradesh. The Southern region is expected to grow at fastest pace during the forecast period led by states like Tamil Nadu, Karnataka and Telangana which are emerging medical hubs. Rising healthcare infrastructure is augmenting the demand. Key players related content comprises Key players operating in the India surgical gloves market are Dow, Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, Skyworks Solutions, Qorvo. Key players are adopting technologically advanced equipment to produce high volume of gloves as per quality standards and expanding their manufacturing capacities to capture increasing demand. Get more insights on this topic: https://www.rapidwebwire.com/india-surgical-gloves-market-trends-size-and-share-analysis/
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The Indian pharmaceutical packaging market consists of various packaging solutions such as plastic bottles, blister packs, vials, containers and caps/closures that are used for pharmaceutical formulations and biological products. Pharmaceutical packaging provides protection to pharmaceutical products from damage, contamination and leakage during transportation and storage. It ensures product stability, quality, safety and efficacy of medicines before use by patients. Some key applications of pharmaceutical packaging include packaging of pharmaceutical drugs for conditions like diabetes, cardiovascular diseases, analgesics, anti-infective, anti-inflammatory and neurological disorders.
The global India Pharmaceutical Packaging Market is estimated to be valued at US$ 1.7 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growth of the Indian pharmaceutical packaging market is majorly driven by increasing domestic production of pharmaceutical formulations in India. India is the largest provider of generic medicines globally with a 20% share in global exports. The country has emerged as the main supplier of medicines to treat diseases like HIV/AIDS, tuberculosis, malaria and hepatitis affecting millions worldwide. Additionally, India also exports 60% of global vaccine production. Thus, rising pharmaceutical exports are augmenting the demand for pharmaceutical packaging in India. Another key driver is the growth of medical devices industry in India. Expanding base of domestic medical device manufacturers is propelling the need for sterilized packaging solutions like pre-filled syringes, injection vials and ophthalmic packaging. Low manufacturing and labor costs give the Indian pharmaceutical and medical devices industry a competitive edge in global markets. This factor is attracting significant foreign investments and collaborations, thereby spurring opportunities in pharmaceutical packaging sector. Segment Analysis The India Pharmaceutical Packaging market is broadly segmented into primary packaging and secondary packaging. Within primary packaging, glass packaging dominates with a share of over 40% as most pharmaceutical products require glass containers for storage. Within secondary packaging, blister packaging has around 30% share as many small pharmaceutical products use blister packs for supply and storage. Blister packs provide moisture and oxygen barrier properties to maximize the shelf life of products. The popularity of blister packs is also attributed to convenient packaging solutions they provide for tablets and capsules. PEST Analysis Political: The government aims to boost local pharmaceutical manufacturing to reduce reliance on imports. Several policy measures plan to encourage domestic pharmaceutical packaging production. Economic: Rising income levels and healthcare spending are increasing pharmaceutical demand. The growing middle class is driving preventive healthcare adoption, benefiting the market. Social: Rapid urbanization and growing disease incidence due to changing lifestyles are influencing pharmaceutical consumption. Higher health awareness raises medication usage across different age groups. Technological: Digital printing, smart sensors, and track-and-trace solutions are gaining popularity. Pharmaceutical manufacturers are exploring novel packaging materials for convenient usage and improved safety. Blockchain is being explored for supply chain integrity monitoring. Key Takeaways The Global India Pharmaceutical Packaging Market Demand is expected to witness high growth supported by the expansion of the domestic pharmaceutical industry. Rising income levels are increasing healthcare spending and propelling pharmaceutical demand. Regional Analysis: The North region dominates the market currently accounting for over 30% share owing to concentration of pharmaceutical manufacturing facilities. Key players operating in the India Pharmaceutical Packaging are JRD Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., 2XU Pty. Ltd., Endura Limited, Isadore Apparel, Rapha Racing Limited, Attaquer Pty Ltd., Lumiere Cycling, Panache Cyclewear Co., Cadence Collection, Voler Inc., and Ornot. Glass bottles continue to have significant usage; however, blister packs are gaining traction. Innovation in packaging materials, sizes, traceability solutions will augment market potential over the forecast period. Get more insights on this topic: https://www.dailyprbulletin.com/india-pharmaceutical-packaging-market-size-market-share-analysis/
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Fluorinated organic compounds are organofluorine compounds that contain one or more carbon-fluorine bonds. They have wide industrial applications including refrigerants, blowing agents for plastic foam, solvents, fire extinguishing agents, pharmaceuticals, agrochemicals, and intermediates for fluoropolymer production. Their unique properties such as thermal and chemical stability, low surface tension, and inertness makes them suitable for various industrial applications. However, phasing out of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) presents lucrative opportunities for development of environment-friendly substitute compounds.
The global India Fluorinated Organic Compounds Market is estimated to be valued at US$ 28243.38 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Opportunities for New Product Development- Regulatory push towards phasing out of ozone depleting and greenhouse gases is creating demand for development of more environment-friendly fluorinated organic compounds. Compounds such as hydrofluoroolefins (HFOs) and hydrofluoroether (HFEs) are being researched and developed as substitute for HCFCs and HFCs in several applications such as refrigerants and blowing agents. Ongoing research and development activities focused on new product development presents lucrative growth opportunities for players in the India fluorinated organic compounds market. Development of compounds with better performance attributes and low environmental impact has potential to capture higher market share. Porter's Analysis Threat of new entrants: The Indian Fluorinated organic compounds market poses moderate threat for new entrants due to established infrastructure and technical expertise required. However, scope exists for new participants in fluorinated polymers and specialty chemicals segments. Bargaining power of buyers: Large industrial buyers have significant bargaining power due to bulk buying. Switching costs are low for buyers. Bargaining power of suppliers: Leading suppliers like Fluor India and InoFluor have strong bargaining power due to industry consolidation and vertically integrated business models. Supply contracts provide stability to buyers. Threat of new substitutes: Limited threat as fluorinated compounds have unique properties in applications like refrigerants and firefighting that are difficult to substitute. Competitive rivalry: Intense competition exists among leading domestic and multinational players. Market shares fluctuate based on innovative new products and deals with OEMs. SWOT Analysis Strengths: Strong technical expertise, R&D infrastructure and access to raw materials. Domestic manufacturing meets price and supply security needs. Weaknesses: High working capital requirements and import dependence for specialty inputs. Infrastructure bottlenecks raise logistics costs. Opportunities: Rising cold chain and HVAC demand offer scope. Fluoropolymers see use in lithium-ion batteries, EVs and clean energy. Threats:Stringent regulations on refrigerants and firefighting gases. Reliance on automotive and electronics industries' growth outlooks. Key Takeaways The India Fluorinated Organic Compounds Market Size is expected to witness high growth on account of expanding end-use industries and adaptation of stringent environmental norms. The market size for 2023 is estimated at US$ 28243.38 Mn and forecast to reach over US$ 55000 Mn by 2030 at a CAGR of 10%. Regionally, Western and Southern regions dominate India's fluorochemical production due to major industrial centres. Maharashtra accounts for over 30% share owing to large automotive and petrochemical hubs. Gujarat follows with over 20% share on petroleum refineries and chemical industries presence. Key players operating in the Indian Fluorinated Organic Compounds market are Cerner Corporation, Allscripts, Apple Inc, Telefonica S.A., McKesson Corporation, Epic Systems Corporation, QSI Management, LLC, AT&T, Vodafone Group, Airstrip Technologies, Google, Inc, Samsung Electronics Co. Ltd, HiMS, Orange, Qualcomm Technologies, Inc, Softserve, MQure, Computer Programs and Systems, Inc, Vocera Communications, IBM Corporation, CISCO Systems, Inc. These players compete based on integrated digital solutions, AI capabilities, cloud platforms and specialized domain expertise. Consolidation trends have been witnessed to enhance service offerings. Get more insights on this topic: https://www.dailyprbulletin.com/india-fluorinated-organic-compounds-market-market-size-share-analysis-growth/
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Clamps Market is Estimated to Witness High Growth Owing to Opportunity of Increased Versatility12/28/2023 Clamps are mechanical devices used to firmly and securely hold or join two or more objects together such as two pipes, a workpiece on table for machining etc. They are highly durable and versatile tools used in various industrial applications ranging from automotive, construction, oil & gas and manufacturing industries owing to advantages such as ease of use, strength and ability to hold parts firmly.
The global Clamps market is estimated to be valued at US$ 205.17 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Increased versatility offers a key market opportunity for the growth of Clamps market. Clamps are available in wide range of sizes, styles and specialized designs to accommodate various industrial applications. There are specific clamps designed for holding irregular shaped objects or workpieces securely. For example, multi-purpose C-clamps can hold components of different diameters. Similarly, bar clamps are used for clamping long workpieces. The growing demand from end use industries has driven clamp manufacturers to continuously innovate and develop application specific clamps. The increased versatility of clamps to hold various workpieces of different sizes and shapes effectively addresses the on-site requirements of assembling, fabrication and manufacturing processes. This is expected to present lucrative growth opportunities for clamp manufacturers over the forecast period. Porter’s Analysis Threat of new entrants: The clamps market has moderate threat of new entrants due to the presence of established players. However, low start-up capital requirement can attract new players. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiation in products offered by vendors. Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials and parts. Threat of new substitutes: Threat of substitutes is low as clamps have widespread application and no direct substitute exists. Competitive rivalry: The clamps market witnesses high competitive rivalry due to presence of many global and regional vendors offering differentiated products. SWOT Analysis Strength: Clamps have wide applications in industrial and construction sectors. Established distribution network of key players. Weakness: Fluctuation in raw material prices can impact production cost. Technology upgrades required to gain efficiency. Opportunity: Growth in end-use industries to drive demand. Developing regions yet to reach maturity, offering scope. Threats: Trade wars and geopolitical tensions impact manufacturing environment. Stringent safety and quality standards pose compliance challenges. Key Takeaways The Global Clamps Market Size is expected to witness high growth over the forecast period supported by increasing construction spending and rapid industrialization globally. The global Clamps market is estimated to be valued at US$ 205.17 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030. The Asia Pacific region dominates the market currently owing to presence of developing economies and their growing manufacturing industries. China is the largest producer and consumer of clamps currently. Regional analysis for clamps market comprises large population, rising disposable incomes and government investments in construction and infrastructure development facilitating highest CAGR in Asia Pacific region over the forecast period. Countries like China and India will be the fastest growing markets. Key players operating in the clamps market are Covanta Energy Corporation, Veolia Environnement S.A., SUEZ, Waste Management, Inc., Hitachi Zosen Corporation, Wheelabrator Technologies Inc., Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd., Xcel Energy Inc., Babcock & Wilcox Enterprises, Inc., Hitachi Zosen Inova AG. Key players are focused on expanding their manufacturing units in developing Asian countries and enhancing aftersales support to strengthen market presence. Get more insights on this topic: https://www.dailyprbulletin.com/clamps-market-size-market-share-analysis/
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The China continuous glucose monitoring devices market is expected to be flourished by increasing adoption among diabetic population. Continuous glucose monitoring (CGM) devices continuously monitor glucose levels in interstitial fluid or blood. These devices are less invasive than frequent finger pricking and significantly improve glycemic control for people with diabetes. Popular CGM systems include the Dexcom G6 CGM System and Abbott's FreeStyle Libre Flash Glucose Monitoring System.
The global continuous glucose monitoring devices market is estimated to be valued at US$ 176.4 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Increasing adoption among diabetic population: One of the key drivers for the growth of the China continuous glucose monitoring devices market is the increasing adoption among people with diabetes. According to the International Diabetes Federation, there are an estimated 151 million adults living with diabetes in China as of 2021. Continuous glucose monitoring devices allow people with diabetes to monitor glucose levels without frequent finger pricking and help in better diabetes management. Growing awareness: Implementation of various awareness programs by healthcare organizations, the government, and device manufacturers is also fueling the adoption of CGM systems in China. Rising awareness regarding benefits of continuous glucose monitoring over conventional self-monitoring of blood glucose is increasing the acceptance of these devices. Segment Analysis The China continuous glucose monitoring devices market is segmented into hospital based CGM devices and personal CGM devices. Personal CGM devices are dominating the segment with around 60% share. This is because personal CGM devices are increasingly being prescribed by physicians as they provide real-time glucose level data to patients with diabetes without requiring laboratory blood testing. These devices help patients gain better control over their glucose levels and manage diabetes more effectively. PEST Analysis Political: The Chinese government supports healthcare research and development through funding and regulations. It has implemented regulations to lower medical device prices to increase affordability and accessibility of CGM devices. Economic: Rising disposable incomes and healthcare spending in China is driving demand for advanced diabetes management devices like CGM systems. Higher costs of treating diabetes related complications also increases uptake of CGM devices for improved glucose monitoring. Social: Growing diabetes prevalence coupled with increasing health consciousness among Chinese population is raising awareness about benefits of continuous glucose monitoring. However, limited reimbursement coverage acts as a barrier for widespread adoption of CGM devices. Technological: Leading players are introducing more compact, sophisticated CGM devices with longer sensor durations and smart connectivity features. Integrated insulin pumps with automated responses based on real-time glucose data are being researched. Key Takeaways The China Continuous Glucose Monitoring Devices Market Size is expected to witness high growth rate during the forecast period. The global continuous glucose monitoring devices market is estimated to be valued at US$ 176.4 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030. The continuous glucose monitoring devices market in East China region dominates with around 40% share due to increasing diabetes cases especially in large provinces like Guangdong and Fujian. Key players operating in the China continuous glucose monitoring devices market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Tate & Lyle PLC, Didion Milling, Semo Milling, Agrana Beteiligungs-AG, The Andersons, Inc., LifeLine Foods. Cargill Incorporated leads the market with their wide glucose monitoring product portfolio offered under various brand names. The company is investing in new sensor technologies and cloud connectivity to maintain its leading position in China. Get more insights on this topic: https://www.dailyprbulletin.com/china-continuous-glucose-monitoring-devices-market-market-size-and-share-analysis/ |