According to the latest market study of Future Market Insights (FMI), the global multi-parameter patient monitoring market is expected to reach the valuation of US$ 6 billion by the end of 2028. Over the decade-old projection period, 2018-2028, the global revenue through demand for multi-parameter patient monitoring devices and services will reportedly moderately grow at a CAGR of 4.6%, says FMI.
The study finds that the multi-parameter patient monitoring market in North America and Europe, combined, will account for a share of over 60% of the total revenue. The concentration of global multi-parameter patient monitoring market revenue in developed regional markets has been attributed to consolidation of healthcare facilities and rapid technology adoption within these regions.
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Rising affluence in emerging markets and increasing aging population in developed economies are expected to boost the healthcare spending, which is expected to boost the multi-parameter patient monitoring market. Increasing healthcare spending is expected to boost the demand for chronic disease treatment, thereby creating high growth opportunities for competitors in the global the multi-parameter patient monitoring market landscape.
Multi-parameter Patient Monitoring Systems Ubiquitous in Emergency Care Units
- According to the World Bank, around 1.25 million people get injured in road accidents, annually.
- The global cost of addressing road traffic injuries is estimated to be over US$ 500 billion, each year.
Preview Analysis of Multi-Parameter Patient Monitoring Market: by Acuity Level: High Acuity Level, Mid Acuity Level, Low Acuity Level; by Modality: Handheld/Portable Multi-Parameter Monitor, Table Top Multi-Parameter Monitor: https://www.futuremarketinsights.com/reports/multi-parameter-patient-monitoring-market
FMI finds that the rising number of accidents has increased the rate of hospital admissions, particularly in emergency care, which is expected to be another factor driving the global multi-parameter patient monitoring market.
Moreover, the market for multi-parameter patient monitoring is rising due to the increasing demand for improved intensive care in the healthcare system. Earlier, intensive care services were limited to developing countries, however, with increasing awareness about the importance of better patient care, the demand for intensive care is also increasing in the developing and emerging regions.
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Dearth of Skilled Healthcare Professionals May Continue to Restrict High-potential Sales Opportunities
People who treat patients directly and play a vital role in a healthcare system are meant to be the primary line of defence against widespread epidemics. However, the lack of skilled professionals is likely to hamper the growth of the global multi-parameter patient monitoring market. Some of the countries of the Asia Pacific region do not have the required number of skilled professionals for patient care and handling, which continues to challenge market growth within the region.
Multi-parameter Patient Monitoring Market Segmentation Analysis
- Based on the acuity level, the global multi-parameter patient monitoring market has been segmented broadly into high acuity level, mid acuity level, and low acuity level. The high acuity level segment is expected to hold a prominent share in the global multi-parameter patient monitoring market value.
- Based on modality, table-top multi-parameter patient monitors will continue to handheld or portable variants, according to FMI’s analysis.
- Among end user segments, maximum adoption of multi-parameter patient monitoring devices and services will reportedly prevail in hospitals, as indicated by the report.
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Some of the key players of the multi-parameter patient monitoring market are General Electric Company, Koninklijke Philips N.V., Medtronic plc, OSI Systems, Inc., Nihon Kohden Corporation, Drägerwerk AG & Co. KGaA (Draeger, Inc.), Masimo, Contec Medical Systems Co., Ltd., General Meditech, Inc., Mindray Medical International Limited, and Schiller AG.
Turpentine Market is Projected to Register a CAGR of 6.0% by the End of 2028
Turpentine sales are expected to surpass 400 KT in 2019, and will record a 4.6% Y-o-Y growth over 2018, according to a recent study of Future Market Insights (FMI). Fragrance manufacturers, followed by cosmetics companies, continue to account for maximum volume sales of turpentine. As the focus on bio-based products intensifies with rising sustainability quotient, the demand for turpentine is most likely to thrive at a robust pace over the coming years.
The report opines that consistently high demand for alpha & beta pinene, limonine, and a few other popular aromatic compounds will remain the key booster to highest turpentine consumption by fragrance manufacturing companies. Fragrance applications currently account for more than 40% of total consumption volume of turpentine. Besides cosmetics, which is the second most sought after application of turpentine, paints and coatings industry is also likely to develop a consumer market for turpentine in coming years – particularly in Asia Pacific.
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Demand-supply Imbalance Restricting Developed Regional Markets
With falling production of gum turpentine in developed regional markets, manufacturers of turpentine based in North America and Europe continue to face price volatility and subsequently, the demand-supply imbalance. Developed markets majorly rely on turpentine imports and FMI envisages that pricing and supply uncertainly has been compelling manufacturers to shift to turpentine alternatives. This scenario is further complicated by the labor intensive production process of turpentine, which will remain the key challenges limiting revenue growth of turpentine market.
Production-wise, China, Brazil, and Indonesia continue to lead turpentine landscape, according to the report. Escalating number of large-scale processing facilities and increasing pine tapping activities have underpinned the development of a key production and consumer market for turpentine in East Asia. On the other side, prominent countries such as Vietnam and Indonesia are creating a highly favorable scenario for turpentine production and export, in South Asian region. In addition to widespread availability of pine forests and relatively economic labor, China’s strong industrial base is upholding the most attractive market position for East Asia. Flourishing cosmetics and personal care industry is also accelerating consumption of turpentine in this region.
Preview Analysis of Turpentine Market Segmented by (Application – Cosmetics, Fragrance, Food, Paints and Coatings & Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028: https://www.futuremarketinsights.com/reports/turpentine-market
Top 10-12 players collectively account for 30-35% share in the global turpentine market. FMI’s report tracks some of the most prominent active partakers in the competition analysis, some of which include PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd., Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd, CV. Indonesia Pinus, Guilin Songquan Forest Chemical Co., Ltd., EURO-YSER., and Vinhconship Group. While a majority of companies operating in the competitive landscape of turpentine market are prioritizing gum turpentine production expansion, the report expects most of investments in developing Asian and African countries.
FMI tracks turpentine market performance during the 10-year forecast period and anticipates around 6% CAGR for the consumption volume during 2018-2028. For additional insights, reach out to the analyst at [email protected]
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forecast period of 2019 to 2029 – Future Market Insights
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018.
Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the sales of passenger cars. In the view of rapid industrialization and expansion of construction industry, LCVs and HCVs have witnessed increasing sales in recent years, which worked in tandem with growing demand for automotive lighting.
Increasing technical advances in automotive lighting have inspired motorists to seek the latest innovations. New concepts and electronic modules such as LED matrix and laser light systems have been rigorously developed. FMI study analyzes that emergence of lightweight modules in automotive components and rising popularity of electric and autonomous vehicles will further bring significant changes in the automotive lighting landscape.
However, an increase in penetration of counterfeit products, especially in developing economies, is likely to represent as a threat to consumer safety as well as to the growth of the market, according to FMI’s findings.
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LED Lights over HID and Halogen Lights – The Shift is Underway
According to the study, the automotive lighting market is likely to grow at a CAGR of ~6% over the predefined timeframe. Technological research and developments around automotive lighting are centered on better performance, improved safety, and innovative designs.
Although HID and halogen lights are still in use in most vehicles as they are relatively inexpensive and easy to replace, LED and OLED lights are increasingly becoming a standard in newer models, especially in premium cars. Considering the consumption of less power, increased efficiency and longer life, manufacturers are directing their massive investments in LED and OLED technologies. OEMs remained focused on introducing new headlamps technologies such as adaptive matrix headlamps, however several regulations set by NHTSA and IIHS have been making it difficult for manufacturers to embrace such cutting edge designs.
Preview Analysis of Automotive Lighting Market is segmented by (Application – Front Headlights, Fog Lights, Rear Lights, Side Lights & Interior Lights; Vehicle Type – Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles & Two Wheelers; Light Source Type – Halogen, LED & Xenon; Sales Channel – OEM & Aftersales;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2029: https://www.futuremarketinsights.com/reports/automotive-lighting-market
According to the study, exterior lighting including front headlights and rear lights continues to gather increasing traction, collectively accounting for ~84% revenue share in 2018. With growing consumers’ interest in improved ‘in-car ambience’, OEMs are placing their bets in the development of innovative interior lighting as a means of brand differentiation and gaining distinct competitive advantage.
The study opines that automotive lighting for passenger cars continues to account for major share of the manufacturers’ bottom lines. Considering the mass urbanization and an increased in trade economies, market players are capitalizing on LCVs and HCVs which are increasing in demand for logistics and other applications. In addition, rising traffic congestion in developing countries has been driving the sales of two wheelers, thereby creating new opportunities for stakeholders in automotive lighting market.
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As per the study, Asia Pacific, particularly in eastern region, continues to provide high growth prospects for the automotive lighting market. Robust automobile production in the region to address the increasing demand along with rising deployment of technically-advanced systems such as lighting control systems and driving assistance in modern vehicles is likely to work to the advantage of automotive lighting market players.
The business asset offers an insightful outlook on the competitive landscape of automotive lighting market by analyzing new developments and key strategies adopted by the players. The market shows a fair level of consolidation, with leading players maintaining their focus on solid collaborations and acquisitions for firmer global footprint. Aligning with the global trend of ‘customization’ also remains a key focus area of the market players.
For additional insights on the global landscape for automotive lighting market, write to [email protected]
COVID-19 Impact on Point-to-point Microwave Antenna Market Growth, Overview, Competitive Landscape and Forecast 2019 to 2027 | CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries
Point-to-Point Microwave Antenna Market: Report Synopsis
Future Market Insights (FMI) offers a 9-year forecast of the point-to-point microwave antenna market between 2018 and 2027. In terms of value, the point-to-point microwave antenna market is expected to register a high CAGR during the forecast period. This study demonstrates the global point-to-point microwave antenna market dynamics and trends across six regions- North America, Latin America, Europe, Japan, APEJ, and MEA, which influence the current nature and the future status of the point-to-point microwave antenna market over the forecast period.
Point-to-Point Microwave Antenna Market: Report Description
This research report provides a detailed analysis of the point-to-point microwave antenna market and offers insights on the various factors driving the popularity of point-to-point microwave antenna. The point-to-point microwave antenna market report includes an extensive analysis of the key industry drivers, challenges, market trends, and market structure. The point-to-point microwave antenna market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The point-to-point microwave antenna market report segregates the market based on frequency range, diameter, polarization, antenna type, and different regions globally.
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The point-to-point microwave antenna market is expected to witness significant growth value during the forecast period owing to the availability of technologically-advanced point-to-point microwave antenna and the increasing demand for point-to-point microwave antenna in developing countries like India, Brazil, and Australia.
The point-to-point microwave antenna market report starts with an overview of the point-to-point microwave antenna market in terms of value. In addition, this section includes an analysis of the key trends, as well as drivers and challenges from the supply, demand and economy side, which are influencing the point-to-point microwave antenna market. A detailed analysis has been provided for every segment in terms of the market size for point-to-point microwave antenna across different regions.
The next section of the point-to-point microwave antenna market report contains a detailed analysis of the point-to-point microwave antenna market across various countries in a region. It provides a market outlook for 2019–2027, and sets the forecast within the context of the point-to-point microwave antenna market, which includes the latest technological developments as well as offerings in the point-to-point microwave antenna market. This study discusses the key trends within countries contributing to the growth of the point-to-point microwave antenna market, as well as analyses the degrees at which the drivers are influencing the point-to-point microwave antenna market in each region. The key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ), and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario as well as the growth prospects of the point-to-point microwave antenna market across various regions globally for the period 2019 –2027. We have considered 2018 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the point-to-point microwave antenna market will grow in the future. Given the characteristics of the point-to-point microwave antenna market, we have triangulated the outcome of different types of analysis based on the technology trends.
As previously highlighted, the global point-to-point microwave antenna market is split into a number of segments. All the segments in terms of frequency range, diameter, polarization, antenna type, and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global point-to-point microwave antenna market.
In addition, another key feature of this report is the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global point-to-point microwave antenna market.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the point-to-point microwave antenna market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the point-to-point microwave antenna supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the point-to-point microwave antenna market. The detailed profiles of providers of point-to-point microwave antenna are also included in the scope of the point-to-point microwave antenna market report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the point-to-point microwave antenna market. Some of the key competitors covered in the point-to-point microwave antenna market report are CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms.
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Point-to-Point Microwave Antenna Market: Key Segments
By Frequency Range
- 3.6 GHz to 9.9 GHz
- 10.0 GHz to 29.9 GHz
- 30.0 GHz to 86.0 GHz
- 0.2 m to 0.9 m
- 1.0 m to 3.0 m
- 3.0 m to 4.6 m
By Antenna Type
- Parabolic Antenna
- Flat Panel Antenna
- Single Polarized Antenna
- Dual Polarized Antenna
Point-to-Point Microwave Antenna Market: Key Regions Covered
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA
Point-to-Point Microwave Antenna Market: Key Players
CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms.
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