Tag: Allied Market Research

Allied Market Research published a report, titled, “Fluid Management Devices Market by Product Type (Fluid management systems, Fluid management accessories), by Application (Urology, Hysteroscopy, Laparoscopy, Arthroscopy, Other), by End User (Hospitals, Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.“According to the report, the global fluid management devices industry was estimated at $4.56 billion in 2021, and is anticipated to hit $13.29 billion by 2031, registering a CAGR of 11.3% from 2022 to 2031.

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Drivers, restraints, and opportunities-

A surge in the number of minimally invasive surgeries and the rise in the prevalence of chronic diseases such as endometrial cancer, bladder cancer, and gastrointestinal diseases which causes an increase in the application & usage of fluid management devices drives the global fluid management devices market. On the other hand, the high cost of minimally invasive surgeries such as laparoscopy impedes the market growth to some extent. However, a rise in the number of product launches and an increase in the number of key strategies by the major players are expected to pave the way for lucrative opportunities in the industry.

Covid-19 scenario-

• During the pandemic, the fluid management devices market experienced a slight decline due to the postponement of elective minimally invasive surgeries.
• However, the market has now exhibited strong growth post-pandemic as prominent industry players are now poised to capitalize on promising opportunities.

The fluid management systems segment to retain its dominance by 2031-

By product type, the fluid management systems segment accounted for the highest share in 2021, garnering more than half of the global fluid management devices market revenue. The same segment would also cite the fastest CAGR by 2031. A rise in the number of key players that manufacture powered fluid management devices and an increase in the number of product launches and product approvals for fluid management devices drive the segment growth.

The laparoscopy segment to rule the roost-

By application, the laparoscopy segment held the major share in 2021, generating nearly one-third of the global fluid management devices market revenue. Surge in the prevalence of chronic diseases such as cancer and rise in the number of key players that manufacture fluid management devices for laparoscopy propel the growth of the segment. The hysteroscopy segment, on the other hand, would portray the fastest CAGR of 11.9% from 2022 to 2031. The increase in the quantity of fluid management devices for hysteroscopy being introduced is responsible for the growth observed.

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The hospitals segment to dominate by 2031–

By end-user, the hospitals segment accounted for more than two-thirds of the global fluid management devices market revenue in 2021, and is projected to rule the roost by 2031. The same segment would also portray the fastest CAGR of 11.5% from 2022 to 2031. The growth of this segment is being driven by two key factors: an increase in the number of surgical procedures being performed in hospitals, and a rise in government expenditure toward developing healthcare infrastructure.

North America garnered the major share in 2021 –

By region, North America generated more than one-third of the global fluid management devices market revenue in 2021, and is expected to dominate by 2031. The growth of the market across North America is driven by various factors such as the increasing number of manufacturers of fluid management devices, advancements in healthcare technology, and a rise in the prevalence of chronic diseases such as cancer. Asia-Pacific, however, would showcase the fastest CAGR of 12.1% from 2022 to 2031. The marker growth across Asia-Pacific is driven by factors such as increased government expenditure on healthcare, a rise in chronic illnesses, and a surge in the aging population.

Key players in the industry-

• Olympus Corporation
• Conmed corporation
• Baxter international Inc.
• Medtronic Plc.
• Cardinal Health
• Stryker Corporation
• Karl Storz se and co. kg.
• Bonvisi
• Fresenius Medical Care
• Hologic Inc.

The report analyzes these key players in the global fluid management devices market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

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Allied Market Research published a report, titled, “Precision Fermentation Market by Application (Meat, Seafood, Dairy, Egg, Others), by Microbe (Bacteria, Yeast, Algae, Fungi, Others), by Ingredient (Egg White, Whey and Casein Protein, Collagen Protein, Heme Protein), by End User (Food and Beverage, Pharmaceutical, Cosmetic, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”. According to the report, the global precision fermentation industry generated $1.3 billion in 2021, and is anticipated to generate $34.9 billion by 2031, witnessing a CAGR of 40.5% from 2022 to 2031.

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Prime determinants of growth

Increasing protein demand worldwide, changing consumer preferences and tastes, the growing preference for the acceptance of meat-free and vegan lifestyles and rising innovation and investment drive the growth of the global precision fermentation market. However, the high cost of producing protein ingredients by using precision fermentation technology restricts the market growth. Also, health risks associated with precision fermentation are expected to hinder the market growth. Moreover, significant financial support for the technological development of this technology is anticipated to present new opportunities in the coming years.

Covid-19 Scenario

• The outbreak of the Covid-19 pandemic had a negative impact on the global precision fermentation market, due to low demand from end-use industries during the lockdown.
• However, the market has recovered in the post-pandemic.

The egg white segment to maintain its leadership status throughout the forecast period

Based on ingredient, the egg white segment held the highest market share in 2021, accounting for around two-fifths of the global precision fermentation market, and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 42.7% from 2022 to 2031. Plant-based egg and dairy alternatives have grown in popularity in recent years across a wide range of food types and uses. Sustainability, allergenicity, and consumer moves towards flexitarian diets have all contributed to the evolution. A variety of factors influence the use of egg white replacements, some of which are more essential to customers and others of critical importance to food manufacturers.

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The food and beverage segment to maintain its leadership status throughout the forecast period

Based on end user, the food and beverage segment held the highest market share in 2021, accounting for more than two-fifths of the global precision fermentation market, and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 42.4% from 2022 to 2031. The increasing usage of fermented products in bakeries and dairy products is expected to increase the global demand for fermented food and beverage products.

The dairy segment to maintain its lead position during the forecast period

Based on application, the dairy segment accounted for the largest share in 2021, contributing to more than one-third of the global precision fermentation market, and is projected to maintain its lead position during the forecast period. Several companies have surfaced to produce dairy fats and proteins that would bring in a wave of plant-based, fermentation-enabled dairy, including New Culture, Change Foods, Cultivated, and LegenDairy. However, the meat segment is expected to portray the largest CAGR of 43.3% from 2022 to 2031. The demand for plant-based alternatives to meat products has risen rapidly in recent years across a wide range of food kinds and uses.

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North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global precision fermentation market, and is likely to dominate the market during the forecast period. Increasing awareness of the health advantages of eating healthy and vegan food items, as well as an increase in the trend of weight control and veganism among regional consumers, are driving the growth of the North American precision fermentation market. However, the Asia- Pacific region is expected to witness the fastest CAGR of 42.4% from 2022 to 2031. The health benefits of egg alternative protein ingredients, such as reduced cholesterol and higher content, are also important drivers of product demand in the Asia-Pacific region.

Leading Market Players: –

• Geltor inc.,
• Imagindairy Ltd,
• Change Foods,
• Eden Brew,
• Impossible Foods Inc,
• Motif Foodworks, Inc,
• Nourish Ingredients,
• Shiru Inc,
• FUMI Ingredients,
• Perfect Day Inc

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Allied Market Research published a report, titled, “AI in Telecommunication Market by Component (Solution, Service), by Deployment Model (On-Premise, Cloud), by Technology (Machine Learning, Natural Language Processing (NLP), Data Analytics, Others), by Application (Customer Analytics, Network Security, Network Optimization, Self-Diagnostics, Virtual Assistance, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global AI in telecommunication industry generated $1.2 billion in 2021, and is estimated to reach $38.8 by 2031, witnessing a CAGR of 41.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Drivers, Restraints, and Opportunities

Growing adoption of AI solutions in various telecom applications, the ability of AI to provide a simpler and easier interface in telecommunication and reduce the human intervention needed for network configuration and maintenance, and the growing demand for high bandwidth with more consumers turning to OTT services drive the growth of the global AI in telecommunication market. However, the incompatibility between telecommunication systems and AI technology hampers the global market growth. On the other hand, the increasing penetration of AI-enabled smartphones in the telecommunication industry, and the advent of 5G technology in smartphones likely to create potential opportunities for growth of the global market in the coming years.

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Covid-19 Scenario

• The global artificial intelligence in telecommunication market saw a stable growth during the COVID-19 pandemic, owing to the increasing digital penetration and rise in automation.
• Moreover, the pandemic led the telecommunications infrastructure to keep businesses, governments, and communities connected and operational. The social and financial disruption caused by the pandemic forced people to depend on technology such as AI for information and remote working.
• AI also helped the telecom industry to reinvent customer relationships by identifying personalized needs and engaging with customers through hyper-personalized one-to-one contacts. It also helped configure fixed-line and mobile-network bundles that combine VPN, teleconferencing, and productivity apps.

The solution segment to dominate in terms of revenue during the forecast period

Based on component, the solution segment was the largest market in 2021, contributing to more than two-thirds of the global AI in telecommunication market, and is expected to maintain its leadership status during the forecast period. This is due to the adoption of solutions by various end users for the automated processes. On the other hand, the service segment is projected to witness the fastest CAGR of 44.9% from 2022 to 2031, due to surge in the adoption of managed and professional services.

The on-premise segment to garner the largest revenue during the forecast period

Based on deployment model, the on-premise segment held the largest market share of nearly three-fifths of the global AI in telecommunication market in 2021 and is expected to maintain its dominance during the forecast period. This is because it provides added security of data. The cloud segment, however, is projected to witness the largest CAGR of 43.8% from 2022 to 2031, as cloud provides flexibility, scalability, complete visibility, and efficiency to all processes.

The machine learning segment to exhibit a progressive revenue growth during the forecast period

Based on technology, the machine learning segment held the largest market share of more than two-fifths of the global AI in telecommunication market in 2021, and would maintain its dominance during the forecast period. This is because machine learning algorithms are designed to keep improving accuracy and efficiency. The data analytics segment, however, is projected to witness the largest CAGR of 46.1% from 2022 to 2031, as it helps telecom companies to increase profitability by optimizing network usage and services.

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Asia-Pacific to maintain its leadership in terms of revenue by 2031

Based on region, North America was the largest market in 2021, capturing more than one-third of the global AI in telecommunication market. The growth in the region can be attributed to the infrastructure development and technology adoption in countries like the U.S. and Canada. However, the market in Asia-Pacific is expected to lead in terms of revenue and manifest the fastest CAGR of 45.7% during the forecast period, owing to the growing digital and economic transformation of the region.

Leading Market Players

• Intel Corporation
• Nuance Communications, Inc.
• AT&T
• Infosys Limited
• ZTE Corporation
• IBM Corporation
• Google LLC
• Microsoft
• Salesforce, Inc.
• Cisco Systems, Inc.

The report analyzes these key players of the global AI in telecommunication market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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Allied Market Research published a report, titled, “Paint Thinner Market by Solvent Type (Acetone, Turpentine, Naphtha, Toluene, Methyl Ethyl Ketone, Others), by Application (Paints and Coatings, Industrial Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031“. According to the report, the global paint thinner industry was estimated at $11.0 billion in 2021, and is anticipated to hit $16.4 billion by 2031, registering a CAGR of 4.1% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chains, competitive scenarios, and regional landscapes.

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Determinants of growth:

Growing population base has led to rapid urbanization in both developed and developing economies such as the U.S., China, India has increased government expenditure on the building & construction sector to develop various infrastructure projects, which in turn has driven the paint thinner market. On the other hand, the cost involved in the formulation of paint thinners is high that results in expensive final products, which impedes the growth to some extent. However, rise in young population coupled with increase in number of car enthusiasts have created lucrative opportunities in the industry.

Covid-19 scenario:

• Dependence of the paint thinner market on industries such as aerospace, building & construction, and automotive & transportation had a sheer negative impact on the market growth.
• However, rise in awareness about using eco-friendly products among citizens of both developed and developing economies has increased the popularity of paint thinners with minimal or no volatile organic compounds (VOCs) emissions in various end use sectors post Covid-19.

The methyl ethyl ketone segment garnered the highest share:

By solvent type, the methyl ethyl ketone segment held the major share in 2021, generating nearly one-third of the global paint thinner market revenue. The same segment would also showcase the fastest CAGR of 4.6% during the forecast period. This is due to the fact that increasing demand for consumer goods has increased the establishment of chemical manufacturing units in both developed and developing economies where methyl ethyl ketone-based paint thinners are extensively used along with paints for finish coat in steel structures, industrial equipment, and others.

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The paints and coatings segment garnered the major share in 2021:

By application, the paints and coatings segment generated the highest share in 2021, garnering nearly two-thirds of the global paint thinner market revenue and is expected to rule the roost by 2031. The same segment would also portray the fastest CAGR of 4.3% during the forecast period. This is attributed to the increasing population coupled with rapid urbanization, which in turn have surged the demand for both residential and commercial facilities where a wide range of paint thinners are used in conjunction with paints & coatings to enhance the visual appeal, surface durability, chemical protection and pest protection.

Asia-Pacific grabbed the lion’s share:

By region, the Asia-Pacific region contributed to nearly half of the global paint thinner market revenue in 2021, and is projected to rule the roost by 2031. The same region would also showcase the fastest CAGR of 4.4% from 2022 to 2031. This is attributed to the huge advancements made in industries such as building & construction, transportation, industrial, and others across the region.

Key players in the industry:

• Hempel A/S
• Jotun
• Kansai Paint Co., Ltd.
• Kwality Paints and Coatings Pvt. Ltd.
• PPG Industries, Inc.
• RPM International Inc.
• The Sherwin-Williams Company
• Axalta Coating Systems, LLC
• Zigma Paints Pvt. Ltd.

The report analyzes these key players in the global paint thinner market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

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