3D Printing Medical Devices Market – Software and Services to Gain Increased Demand

A stew of medium and small scale industries have barged into the global 3D printing medical devices market, making it a high competition amongst the players, notices Transparency Market Research in a newly published report. In order to fortify a strong foothold, organizations are trying to collaborate with local companies. Expansion of product portfolio, product differentiation, accompanied with deep research are the other things that the players are focusing on in order to build their brand name.  Some of the key players in the global 3D printing medical device market are Materialise NC, SLM Solutions, Arcam Ab, FabRx Ltd., Cyfuse Biomedical K.K., Concept Laser, 3D Systems Inc., Envision Tec, and Organovo Holdings.

On the basis of component the market is classified into material, printer, software and services. Amongst these the software and services accounted for the highest share and is expected to continue so during the forecast period. This is because of the installed printers which requires maintenance and services overtime, is bolstering the market growth. Geographically, the North America holds the largest share in term of revenue and is expected to continue so in future.

It is anticipated that the global 3D printing devices market to be worth around US$3513.o mn in terms of revenue by 2025 from revenue worth of US$713.3 mn accounted in 2016. During the assessed period, the market is anticipated to expand at 17.7% of CAGR.

Technological Advancement in 3D Printing Medical Devices Is Expected To Drive the Global Market 

Tremendous technological advancement happening in the 3D printing sector after the arrival of this concept is pushing the global 3D printing market to perform better. This is because the 3D printing sector finds its abundant usage in healthcare sector apart from construction, military and automobile sector. The 3D printing medical device has recently gained popularity among the patients. It has gained the trust of both doctors and patients, thus fueling the market growth. Rise in need 3D printing medical device for implants, surgical instruments, tissue fabrication, surgical instruments, and prosthetics has increased the demand for these device.

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High Initial Cost To Deter the Market Growth

Thought the 3D global medical device is expected to grow at a steep rate, but strict regulations in various countries regarding the sale of these devices imposed by both private and government agencies is expected to deter the market growth rate. The market is also challenged by the high initial cost of such devices. Other factors such as heavy funds required for a small organization to have a strong foothold in the market is curbing the growth rate. Another major factor which is expected to bring down the growth rate of the market is absence of skilled expertise and the lack of accessibility of such advanced device in the rural or underdeveloped region.

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Out of Home Tea Market – Black Tea and Green Tea Key Product Segments

The global out of home tea market is anticipated to witness a sturdy rate of growth in the coming years, as reported by Transparency Market Research (TMR). The report, titled, “Out of Home Tea Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” sheds light on the intense competition among established vendors and the mushrooming local vendors. The overall out of home (OOH) tea market comprises of a large number of international as well as local vendors, who compete on various factors such as quality, price, reputation, innovation, distribution and service. The market participants are expected to implement innovations according to the changing tastes of the consumers to thrive in the global out of home tea market. Some key vendors in the market are Nestle, Tata Global Beverages, ITO EN Inc., ABF, Starbucks Corporation, and Celestial Seasoning Inc., among others.

Based on revenue, TMR’s report estimates that there will be opportunities worth US$39,329.8 mn by 2025 in the global OOH tea market by the end of 2025, substantially more that the market’s evaluated valuation of US$17,835.9 mn as of 2017. On the basis of this evaluation, the global out of home tea market is predicted to rise at a robust 10.4% CAGR. Based on product, the segment of black tea is expected to continue holding a large market share, with an earlier share of roughly 33% in the overall market.

Asia Pacific to Emerge as Leading Region, for All the Tea in China

In 2016, the segment of tea bags held a dominant share of the global out of home tea market, and this trend is expected to continue over the coming years. The popularity of tea bags could be ascribed to the fact that dried and crushed leaves, packaged in suitable sachets or bags, are much more convenient to use anytime and anywhere. In hospitality industries such as hotels, restaurants, pubs and quick service restaurants, along with outdoors and workplaces, tea bags tend to be used widely.

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Geographically, Asia Pacific is presently a highly lucrative region by a substantial margin. By the end of 2025, the Asia Pacific out of home tea market is predicted to hold a market evaluation of US$29,741.2 mn, which would nearly three quarters of the global demand. Asia Pacific region is anticipated to witness a healthy rise in the green tea segment on account of the health benefits of the product such as being useful for weight loss, high metabolism rate, rich in anti-oxidants, and good for body aeration.

Health Benefits of Green Tea to Establish into a Leading Trend

Properties of green tea such as it being anti-oxidant and anti-bacterial prove it to be useful in restoring hormonal imbalances in the body and controlling body weight. It also aids in flushing out toxins from the body and provides protection against cancer. Green tea is beneficial in natural detoxification and aids in healing scars and blemishes, reduction of inflammation, and improving the skin’s elasticity. Moreover, green tea is also envisaged to carry has anti-aging properties that protects against freckles, wrinkle, skin-sagging, and fine lines, and wrinkles.

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Dunnage Air Bags Market – Kraft Paper to Lead Global Market

The competitive landscape in the global dunnage air bags is highly fragmented, notes Transparency Market Research. Some of the leading companies in the market are Cordstrap B.V, Bates Cargo-Pak ApS, Bulk-Pack, Inc., Stopak India Pvt. Ltd., and Green Label Packaging. Most of the players in the global dunnage air bags market are expected to widen their product portfolio and invest in mergers and acquisition to widen their geographic reach.

According to Transparency Market Research, the global dunnage air bags market was worth US$404.3 mn in 2016 and is expected to reach US$614.6 mn by the end of 2025. During the forecast period of 2017 and 2025, the global dunnage air bags market is expected to surge at a CAGR of 4.8%. Out of the various materials used for making dunnage bags, the kraft paper segment is projected to dominate the global market. This segment is anticipated to exhibit a CAGR of 5.4% during the forecast period. Regionally-speaking, Asia Pacific has been identified as a segment regional market. As of 2017 Asia Pacific held a share of 27.9% in the global dunnage air bags market. This trend is projected to continue in the coming years as well.

Increasing Import and Export Activities to Spike Demand

Dunnage air bags have come a long way since their introduction in the early 1970s. They have made a tremendous contribution to the overall transportation industry, thereby boosting trade opportunities. Over the years, production of dunnage bags has witness a significant change. The consistent efforts to bring in an eco-friendly characteristic to the make of dunnage air bags has won the attention of many end users. Growing uptake of kraft paper, which is a perfectly reusable and a recyclable material is projected to augment the growth of the global market during the forecast period. The high load bearing capacity of kraft paper has also been a value addition to the use of this material in the production of dunnage air bags.

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Today, dunnage bags are extensively being used for the transportation of commodities, electrical & electronics, consumer goods, foods and beverages, and many other products. Thus, the increasing production of goods, which is highly seen in the developing parts of the world, has significantly pushed the market to achieve new heights. Along similar lines, by the end of 2025, Asia Pacific is expected to hold a lion’s share in the global dunnage air bags market. Increasing import and export of fragile cargo, uneven loading processes, stressful situations in transportation, and damaging weather conditions have also prompted end users to opt for dunnage air bags to safeguard their goods from potential damage.

The increasing awareness amongst users to insure their goods at the time of purchase has also upped the demand for dunnage air bags in recent years. Booming e-commerce and flourishing cargo and logistics industry are also noted as key growth drivers for the global market.

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Master Data Management (MDM) BPO Market: IoT a Boon, but Security Concerns must be Eliminated

A recent business intelligence study by Transparency Market Research (TMR) has notified that the master data management (MDM) BPO market is primed for a prosperous future. And while the global shares are moderately consolidated among a small pool of players, regional players are mushrooming too, which in turn is upholding collaborations and acquisitions as some of the key strategies for the major players to maintain their stronghold. Some of the prominent players in the global MDM BPO market are Accenture, Reltio, Riversand, Capgemini SE, Informatica Corporation, Tibco Software, Stibo Sysytem, Inc, Spacepage, Almaviva, Atos SE, Almaviva, and Tata Communication Services, Ltd. In addition to geographical expansion via partnerships, a number of major players of this market are also focused on growing organically, developing new products that can lure a greater chunk of customers.

Global MDM BPO Market to breach US$13.0 bn mark by 2025

As per the projections of the TMR report, the demand in the global master data management BPO market will expand at a robust CAGR of 13.4% during the forecast period of 2017 to 2025. The analysts have evaluated that the opportunities in the MDM BPO market translated into a revenue of US$5,030.9 mn in 2017, and estimated the valuation to swell up to US$13,717.0 mn by 2025.

Based on component, the report segments the master data management BPO market into software including on-premise and cloud and services, which has been further bifurcated into system integration, consulting, master data management services, and operation and maintenance. 

On the basis of solutions, the market has been categorized into product data solution, multi-domain MDM solution, and customer data solution. The report also takes stock of the potential of demand for MDM BPO that can be expected from the end use industries of banking, financial services, and insurance (BFSI), automotive, manufacturing, IT and telecom, retail, and others. Geographically, North America has been highlighted as the most profitable region, followed by Europe. However, the region of Asia Pacific is projected to experience expanding demand at a much stronger CAGR during the forecast period of the report.

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Need to Efficiently Manage Volumes of Data Driving Demand

Quite a few factors are behind the impressive growth of the global master data management BPO market, but none bigger than the indispensable need to have a process of centrally managing data.  With growing adoption of new and technologically advanced automation methods across various enterprises to improve efficiency, the need to manage huge data is also continuously increasing. Consequently, a tool or software is the required that can be customized with the changes seamlessly. Furthermore, increase in need for compliance and verification and escalating demands for data quality and operational excellences is driving the master data management BPO market. Data breach is an important consideration for organizations due to the increasing number of cyber-attacks in recent years.

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Thermoform Packaging Market Is Set For A Rapid Growth By 2024

The global market for thermoform packaging is competitive in nature with a high level of fragmentation and is expected to remain in the similar scenario in the next few years, states a new market research study by Transparency Market Research. The increasing number of applications and the growing focus of the key players on innovations are projected to accelerate the growth of the overall market in the next few years. In addition to this, the rising number of research and development activities is estimated to enhance the market penetration for the market players and further support the growth of the market in the near future. The increasing mergers and acquisitions is further predicted to offer growth opportunities in the near future. Some of the key players operating in the thermoform packaging market across the globe are Bemis Company, Inc., Display Pack Inc., D&W FINE PACK, HUHTAMAKI GROUP, Sonoco Products Company., Anchor Packaging, Inc., Tray-Pak Corporation, Amcor Limited, and PACTIV LLC.

As per the market research study by Transparency Market Research, in 2017, the global market for thermoform packaging was worth US$38,603.9 mn and is likely to reach a value of US$57,615.9 mn by the end of 2024. The market is estimated to register a healthy 5.90% CAGR between 2017 and 2024.

Asia Pacific to Offer Potential Growth Opportunities for Market Players

The global market for thermoform packaging has been categorized on the basis of geography among which, North America is holding a large share of the market and is projected to remain in the leading position in the next few years. The presence of several leading players is estimated to enhance the growth of the market in the near future. On the other hand, Asia Pacific is likely to exhibit a high growth rate in the next few years, thanks to the rising contribution from India, China, and South Korea. In addition to this, the growing demand for thermoform packaging from the food and beverages sector and the rising urban population are further projected to encourage the growth of the market in the near future.

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The global thermoform packaging market has been categorized on the basis of packaging type into blister, clamshell, skin, cups, and tubs. Among these, the blister segment is expected to lead the global thermoform packaging market with a large share in the next few years. The rising use of this packaging in the pharmaceutical industry is one of the key factors that is estimated to encourage the growth of this segment in the next few years. Furthermore, advancements in the technology is projected to support the growth throughout the forecast period.

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Bag-on-valve Technology Market to be worth US$ 500.1 Million by 2024

Bag-on-valve (BOV) is an innovative technology that is designed to offer an alternate means of packaging products. This packaging is desirable to dispense only liquid portion. The global bag-on-valve technology market is witnessing intense competition by the prominent players including LINDAL Group Holding GmbH, Coster Tecnologie Speciali S.p.A., Precision Valve Corporation, AptarGroup, Inc., Summit Packaging System, Inc., KOH-I-NOOR Mlada Vozice a.s, Exal Corporation, Shanghai Golden Aerosol Co., Ltd, and Chicago Aerosol LLC.

Manufacturers have started focusing on providing eco-friendly bag-on-valve technology suitable for liquid, cream, foam, and gel packaging. Product safety is also one of the growing trends in the global market for bag-on-valve technology. Companies are also adopting sustainable packaging processes to comply with various standards set by regulatory bodies. Bag-on-valve technology also leads to zero wastage of the product. The bag-on-valve technology is witnessing strong demand from the cosmetics industry, the food industry and pharmaceutical industry.

Despite being the most innovative spray technology, the aluminum used in BOV prevents consumer to see the product inside the packaging. Hence, companies are also working on launching transparent BOV cans to attract customers. Moreover, regulations on the safety and quality of packaged goods by the regulatory bodies is resulting in manufacturers to conduct research activity on the material used in developing BOV system.

The global bag-on-valve technology market is expected to increase to a CAGR of 4.4% during the forecast period 2017-2024. The global market for bag-on-valve technology is also estimated to reach US$ 500.1 Million revenue by the end of 2024.

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Aluminum Containers to Account for Highest Growth in the Global Market for Bag-on-valve Technology

The global bag-on-valve technology market is divided into segments based on the container type, valve type, product type, application type and capacity type. Based on the product type, the market is segmented into Standard B.O.V., Aerosol B.O.V., and Non-spray / Low-pressure B.O.V. Among these, aerosol B.V.O. is likely to witness the highest growth.

On the basis of valve type, the global market for bag-on-valve is segmented into male valve and female valve. Male valve is expected to be used on a large scale as compared to the female valve.

In terms of container type, the market is segmented into tip plate, aluminum, plastic, and steel. Among all these, an aluminum container is likely to gain maximum traction in the global bag-on-valve technology market. Meanwhile, tin plate is also expected to see a strong growth in the coming years.

By capacity type, the market includes 30ml-100ml, below 30ml, 100ml-275ml, 275ml to 500ml, and above 500ml. 30ml-100ml of bag-on-valve technology cans are likely to be highly-preferred in the global market during 2017-2024.

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Automotive Air Filter Market to be worth US$ 2 Bn by 2026

The global market for automotive air filter consists of a large number of market players which explains the high degree of fragmentation within the market. A peculiar trait of the competitive landscape is the large market share held by the small market players. This is because the demand for air filters at local service stations is higher than the demand experienced by certified workshops or service centers. The small market players have attained a strong position in the market by maintaining a regular inflow of supplies to cater to the year-round demand. Furthermore, the sheer abundance of local service stations has given an impetus to the growth of the local players in recent times. There are minimal barriers to the entry of new market players which is expected to further fragment the global market.

The large market players are expected to acquire the regional players in order to expand their geographical reach and reap the benefits of greater market penetration. Besides this, the medium-sized players are expected to form strategic alliances in order to avert the strong competition from the huge market vendors. Mergers and acquisitions are expected to be a key strategy of the players operating in the global market for automotive air filter. Sogefi SpA, MANN+HUMMEL GmbH, MAHLE GmbH, A.L. Filter, Donaldson Company, Inc., and Robert Bosch GmbH are some of the key players identified in the global market for automotive air filter.

The global market for automotive air filter is estimated to expand at a steady CAGR of 3.5% over the period between 2018 and 2026, finds Transparency Market Research (TMR). Based on geography, the demand for automotive air filters is expected to escalate at a swift pace across Latin America.

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Growth of Automotive Industry to Propel Demand 

The automotive industry has been expanding at an astral rate over the past decade which has boosted demand within the global market for automotive air filters. Furthermore, the collective impact of increasing vehicle fleet size and rising purchasing power of the masses has fortified the global market for automotive air filters. Moreover, environmental concerns have also necessitated the installation of better-performing air filters in automobiles.

This factor, coupled with the regulations stipulated by the government, has accelerated the growth of the global market for automated air filters. Besides this, air filters ensure that the engine of automobiles is immune to external debris or dirt and the air-fuel mixture is maintained. Improper functioning or absence of air filters can affect the ignition system of vehicles which could in turn harm the engine. Owing to the aforementioned factors, the demand within the global automotive air filters market is expected to trace an upward graph over the coming years.

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