Friday, 31 August 2018

Farm Tire Market – Radial Tires to Account for Larger Revenue Share

The North America farm tires market features a highly fragmented competitive landscape. However the market features the presence of few well-established players having strong distribution networks. Also, these players have deeply penetrated into the farm tires market by introducing innovative and technologically advanced products. Companies are strengthening their position through mergers and acquisitions and continuously investing in research and development activities to come up with solutions to cater the customers’ requirement. For instance, Titan International Inc., introduced its new range of bias tires for skid steers in early 2017. These tires are targeted towards activities such as snow removal and landscaping, providing superior traction in snow, ice and mud.
Transparency Market Research estimates that the North America farm tire market, in terms of volume-wise sales, is expected to exhibit a moderate CAGR of 5.5% from 2017 to 2025, rising from 2,948 thousand units in 2016 to 4,750 thousand units in 2025. In terms of revenue, the market is expected to exhibit a more promising 11.9% CAGR over the said period, chiefly owing to the rising preference to radial tires.
Radial Tires to Witness Increased Demand in North America Farm Tires Market
In terms of type of tires, the North America market will witness the dominance of the segment of radial tires in terms of revenue generation while the segment of bias tires will continue to remain the leading segment in terms of sales volumes. The high costs of characteristically advanced radial tires will allow the segment to earn a larger share in the market despite lower sales over the forecast period. In terms of geography, the market in U.S. will continue to account for a larger share in the overall revenue of the North America farm tire market over the report’s forecast period.
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Demand for Higher Volumes of Food Products to Have Positive Influence on Market Growth
Rising demand for farm tractors and harvesting machinery is expected to help the overall farm tire market growth, as they are used for multiple purpose machines, including harrowing, plowing, tilling, and planting machines. Growing awareness regarding the importance of mechanization in in the agriculture sector for the maximization of output is aiding the growth of the market. Demand for technologically advanced tires such as with increased flexion (IF) and specialty farm tires such as combine tires, sprayer tires, and eco-friendly tires are further anticipated to contribute toward the expansion of the market during the forecast period.
Additionally, increase in demand for food and other related consumables, owing to the rising population of key markets in the region, and increased per capita income of farmers in North America are also likely to boost the sale of farm tires in the forecast period from 2017 to 2025. The market is also expected to benefit from the rising demand of tractors from hobby farmers.

Cognitive Systems, Content Analytics and Discovery Software Market – Machine Learning to Emerge as Most Promising Application Segment

The global market for cognitive systems, content analytics and discovery software features a highly consolidated competitive landscape, wherein the top five companies cumulatively accounted for a massive 79% of the overall market in 2016, observes Transparency Market Research in a recent report. These, top vendors, namely IBM Corporation, SAP SE, Oracle Corporation, Google Inc., and Microsoft Corporation command stronghold on the global market owing to their immense focus on research and development and introduction of innovative products. An instance is the introduction of IBM Watson Imaging Clinical Review, a cognitive imaging solution, by IBM Corporation in March 2017.
To reinforce their hold on the market, leading vendors are also keen on partnering and acquiring companies in the fields of cognitive systems, content analytics and discovery software. For instance, SAP SE announced its acquisition of Roambi, a leading cloud analytics company, in February 2016.
Transparency Market Research estimates that the global cognitive systems, content analytics and discovery software market, which valued at US$9.88 bn in 2016, will exhibit an exponential CAGR of 23.5% over the period between 2017 and 2025, rising to a valuation of US$60.06 bn by 2025.
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Machine Learning Projected to be Most Attractive Application Segment
In terms of application, the segment of natural language processing held the dominant share in the overall revenue earned by the global market in 2016. The vast rise in usage of smart devices is one of the key factors strengthening the growth prospects of the natural language processing segment. The segment of machine learning is likely to be one of the most attractive application segments for the global cognitive systems, content analytics and discovery software market during the forecast period.
In terms of geography, North America dominated the global market in 2016. Early adoption of this technology and increasing volume of unstructured data are the key factors attributed to the stronghold of North America on the global cognitive systems, content analytics and discovery software market.

IV Bags Market – Revenue Generation, Market Shares & Latest Development

The global market for IV bags features a largely fragmented and competitive vendor landscape owing to the presence of a large number of companies, observes Transparency Market Research in a recent report. Companies keen on expanding their consumer bases and gaining a larger hold on the market are focused on geographical expansion, strategic collaborations with promising regional companies, and R&D activities aimed at the development of new and more reliable product varieties.
Focus on the development of products made from environment friendly and biologically harmless materials has also increased as stringent environment-protection and patient safety norms keep rising in numbers across the globe. Some of the leading companies in the market are Haemotronic S.p.A, B.Braun Melsungen AG, Wipak Group, Baxter international Inc., Sippex, Renolit Solmed, and West Pharmaceutical Services Inc.
According to the report, the global IV bags market is expected to exhibit a promising 5.4% CAGR from 2017 to 2027, rising from a valuation of US$1,363.8 mn in 2017 to a revenue opportunity of US$2,316.5 mn by 2027. Based on material, the PP segment presently holds the dominant share in the market owing to the material’s non-reactive and inert nature. Geographically, the market in North America is presently the leading regional market in terms of growth prospects and revenue opportunity.
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Increased Demand for Parenteral Nutrition for Geriatric Population to Drive Market
One of thy growth drivers for the global IV bags market is the high use of injections for delivering drugs, liquid substances, and other nutritional products directly in the bodies of patients who have difficulties swallowing anything. The ease of use, easy availability, low costs, and availability in a variety of types based on materials and price ranges make IV bags one of the key components of parenteral nutrition procedures where these bags are often used to administer a variety of compounds such as amino acids to patients.
The market is also steadily expanding owing to the vast rise in prevalence of a number of chronic diseases requiring patient admissions to hospitals or other healthcare centers and the rising global population of geriatric, a demographic that is highly susceptible to a number of health conditions. Old people are also susceptible to a number of health conditions that impair their ability to consume vital nutrients or drugs orally, requiring IV bags for administering the same. Higher accuracy and quicker results associated with IV bags as compared to consuming drugs orally also work in the market’s favor.

Medical Device Labeling Market – Revenue Generation, Market Shares & Latest Development

According to the latest market report published by Transparency Market Research titled “Medical Device Labeling Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025,” global revenues generated from sales of disposable consumables were around US$ 716.4 Mn in 2017, and are projected to increase at a CAGR of 6.3% during forecast period 2017-2025. Disposable consumables segment is anticipated to be the highest contributor to the global medical device labeling market, over the forecast period, 2017-2025.
The global medical device labeling market has witnessed impressive growth over the past few decades, due to stringent FDA regulations and introduction of new medical devices in the market. Growing awareness regarding FDA standards helps in the growth of the medical device labeling market. Labeling helps to ensure the effectiveness and safety of a device. With the help of centralized labeling, the companies are empowered to rapidly shift labeling from one facility to another to continue support operations. Rising number of new medical devices and drug discoveries are some of the prominent factors which lead to an increase in the demand of medical device labeling.
On the basis of label type, pressure sensitive labels segment accounts for the largest market share of medical device labeling market of because of growth in the technological advancements to overcome the existing challenges. On the basis of application of medical device labeling market, disposable consumables segment is expected to dominate the market during the forecast period. On the basis of material type, paper segment dominates the market of global medical device labeling market.
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North America is estimated to account for the largest share in medical device labeling market due to high investment on research and development in the medical sector in this region. North America is expected to trail APAC in medical device labeling market. MEA is estimated to contribute a small but rapidly growing market share in medical device labeling market. Latin America is however slated for moderate growth over the forecast period.
The market players that have been profiled in the rpeort include – 3M Company, Amcor Limited, Mondi Group Plc, Avery Dennison Corporation, Lintec Corporation, Huhtamaki Oyj, UPM Raflatac, CCL Industries Inc, Schreiner Group GmbH & Co. KG, Denny Bros Ltd., WS Packaging Group, Inc, Resource Label Group LLC, Faubel & Co.Nachf. GmbH, Tapecon Inc., Weber Packaging Solutions, Inc., JH Bertrand Inc., Coast Label Company, and Label Source.

Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market

The Spain market for pharmaceutical bottles is highly fragmented with a large portion of this market being operated by a number of international players, small domestic participants, and unorganized companies. Most of the international players focus aggressively on selling their products through distributorship in order to cater to the requirements of the pharmaceutical companies and are expected to continue this practice over the forthcoming years. Gerresheimer, Amcor, and Alcion Plasticos are some of the key players functioning in this market.
As per the estimations, the market for pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is likely to progress at a CAGR of 3.80% over the period from 2016 to 2024 and reach a value of US$235 mn by the end of the forecast period. In terms of shipment volume, the market is likely to touch 1,619 mn units mark by 2024. Thanks to the rising utilization of PET in the manufacturing of pharmaceutical bottles, fueled by its atmosphere barrier properties, the PET segment is likely to remain witnessing a higher growth than other material type segments over the next few years, reports the research study.
The report further provides a comprehensive evaluation of the application areas of pharmaceutical bottles in Spain. According to the study, pharmaceutical bottles are predominantly utilized in liquids, E-liquid, droppers, oral care products, and topical medication in this country. Oral care products, among all, have been exhibiting a greater demand for pharmaceutical bottles. It held a share of nearly 36% in the total demand for pharmaceutical bottles in Spain in 2016. Analysts predict the segment will demonstrate a significant incremental performance in terms of the growth rate as well as the market share throughout the forecast period.
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Topical medication, amongst others, is expected to witness a considerable rise in the years to come due to the design competence of pharmaceutical bottles that offer a convenient and less messy dispensing of lotions and semi-solid contents.
“The advancements in the drug delivery formats applicable in the medical and healthcare industry are having the most prominent influence on the market for pharmaceutical bottles in Spain,” states the author of the study. Plastic-based pharmaceutical bottles are the latest trend in the Spain pharmaceutical market. The availability of relatively cheaper polymers in abundance has brought the focus of manufacturers towards producing pharmaceutical bottles from plastic. According to researchers, this trend will shape the future of this market over the forthcoming years.

Blood Collection Tubes Market To Hold a High Potential for Growth by 2026

Transparency Market Research delivers key insights on the Blood Collection Tubes Market in its published report, titled “Global Blood Collection Tubes Market: Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global Blood Collection Tubes market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.
Blood Collection Tubes are useful diagnostic tools in the practice of laboratory testing. Blood Collection Tubes provide accuracy and precision, safety, ease-of-use and speed of diagnostic process. Blood Collection Tubes provide greater accuracy in blood-to-additive ratios. Blood Collection Tubes are made up of plastic and glass. Plastic Blood Collection Tubes are highly preferred due to decreased breakage hazard and decreased weight. Blood Collection Tubes contain clot activators coated with water soluble polymer or anticoagulant. Blood collection tubes include Plasma Separating Tube, Serum Separating Tube, Heparin Tubes and EDTA tubes. The tube stoppers are color coded to indicate tube type for specific test. This color coding of tubes helps the laboratory staff in distinguishing the tubes for various laboratory tests.
The global market for Blood Collection Tubes market is segmented as per product type, material type and end use. The growing demand for accuracy and precision in the medical tests is acknowledged as a key factor driving the Blood Collection Tubes market. Blood Collection tubes are the standard means of collecting blood specimen throughout healthcare & medical research to this day as they provide greater accuracy in blood-to-additive ratios. On the basis of product type, blood collection tubes are segmented as plasma separating tubes, serum separating tubes, heparin tubes, EDTA tubes and rest (ESR, RST tubes).
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Among these serum separating tubes accounts for a larger share. On the basis of material type, blood collection tubes are segmented as plastic and glass tubes. Plastic blood collection tubes are highly preferred as they are inexpensive and safer than glass. Plastic Blood collection tubes offer certain practical operational advantages and are suitable for routine chemistry analysis. The shatter-resistant plastic reduces the risk of exposure to blood borne pathogens. On the basis of end use, blood collection tubes are segmented into healthcare centers which include hospitals and blood banks, R&D centers and diagnostic centers which include clinics and laboratories.
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the blood collection tubes market.
The North America Blood Collection Tubes market includes country level analysis for the U.S. and Canada. The U.S Blood Collection Tubes market is projected to grow at a CAGR of 6.5%during the forecast period wherein plastic tubes segment enjoy dominant share, by material type. The Latin America Blood Collection Tubes market includes country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Brazil Blood Collection Tubes market is expected to expand at a CAGR of 6.6% during the forecast period.

Pharmaceutical Cartridges Market – Influential Factors Determining the Trajectory of the Market

Transparency Market Research (TMR) delivers key insights on the global pharmaceutical cartridges market in its published report, titled “Global Pharmaceutical Cartridges: Global Industry Opportunity Assessment, 2018 – 2026”. In terms of revenue, the global pharmaceutical cartridges market is estimated to expand at a CAGR of 3.2% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.
The global market for pharmaceutical cartridges is segmented by material type and capacity type. On the basis of material type, the global pharmaceutical cartridges market is segmented into glass and plastic.  The glass segment is further segmented into Type I, Type II, and Type III glass type. The plastic segment is segmented into cyclic olefin copolymer (COC), cyclic olefin polymer (COP), polyethylene (PE) and polypropylene (PP).
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that could prove substantially useful for value chain business partners looking to enter the Pharmaceutical Glass Packaging market.
The North America pharmaceutical cartridges market includes country-level analysis for the U.S. and Canada. The U.S. pharmaceutical cartridges market is projected to witness a growth of 1.2x over the forecast period.
The Latin America pharmaceutical cartridges market includes country-level analysis for Brazil, Mexico, Argentina, and Rest of Latin America. The Brazil pharmaceutical cartridges market is expected to expand at a CAGR of 4.3% by the 2026 end. The Mexico pharmaceutical cartridges market is anticipated to represent highest incremental $ increase during the forecast period.
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The Middle East and Africa (MEA) pharmaceutical cartridges market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA pharmaceutical cartridges market. The growth of the MEA region is particularly expected to be driven due to increasing number of pharmaceutical companies in the region. The government in various the African nation are majorly focusing on pharmaceutical industry.
They have imposed various norms that restricts the import of pharmaceutical drugs from other region of world. This factor encourages global pharmaceutical drug manufacturers to expand their footprints and establish their plant in the region and also results in creating demand for the pharmaceutical packaging products. The pharmaceutical industry in the Africa region is expected to be more than US$ 35 billion in the year 2019, and is expected to create demand for the pharmaceutical packaging products in the region.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...