Biomedical Refrigerators and Freezers Market Future Growth, CAGR and Forecast 2020-2027

According to a new market report published by Transparency Market Research titled “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” the global biomedical refrigerator and freezer market is expected to reach a value of US$ 7122.4 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.5% during the forecast period from 2019 to 2027. North America is accounted for the major sales of biomedical refrigerators in 2018 and expected to maintain its dominance in coming years.

Biomedical refrigerators and freezers are medical devices that are specifically used to store medical samples such as medicines, vaccines, flammable chemicals, enzymes, blood, and blood products. Biomedical refrigerators and freezers are used in hospitals, research laboratories, diagnostic centers, pharmacies, and blood banks etc. Unlike domestic refrigerators and freezers, biomedical refrigerators and freezers provide optimum conditions for storage of medical products.

Based on the application in different fields, biomedical refrigerators and freezers are of different types. For example, ultra-low temperature (ULT) freezers are insulated cabinets that maintain temperatures ranging from -70 degree C to -80 degree C. These freezers are primarily used in research laboratories and biomedical engineering facilities.

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Furthermore, blood bank refrigerators are medical equipment primarily used in blood banks. They maintain temperatures that range between +1 degree C to +6 degree C. Transparency Market Research analyses the global biomedical refrigerators and freezers market in terms of value in US Mn.

Based on product type, plasma freezers accounted for the largest share in the global biomedical refrigerator and freezer market. Factor attributing the segment growth is increasing number of apheresis procedures performed, coupled with rising demand for the storage of fresh frozen plasma (FFP). In addition, increasing number of hospitals, research laboratories, and pharmacies have resulted in enhanced adoption of biomedical refrigerators and freezers. These factors are expected to drive the growth potential of biomedical refrigerators and freezers.

One of the main challenging factors impacting the growth of the biomedical refrigerator and freezer market is the fact that it is a highly fragmented and intensely competitive market. The amount of equipment purchased by end-users is expected to range from medium to low due to long lifespan of the equipment.

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Moreover, increase in the number of local competitors is expected to reduce the cost of equipment, which is expected to challenge the expectations of market players. Furthermore, increase in use of refurbished equipment is expected to hamper the growth of the biomedical refrigerator and freezer market globally. According to U.S. Food and Drug Administration (FDA), various medical experts have expressed concerns about the safety, quality, and effectiveness of refurbished medical devices.

The top companies considered while studying this report of the global biomedical refrigerator and freezer market are Aegis Scientific, Inc., Eppendorf AG, Haier Biomedical, Liebherr Group, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., Terumo Corporation, Philipp Kirsch GmbH, and Helmer Scientific.

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MSW Bag Opener Market Growth, Overview, Trends, CAGR and Forecast 2020-2030

 

• MSW bag opener is a machine installed in waste treatment plants or facilities to sort or segregate municipal solid waste. Furthermore, a MSW bag opener is used to recover recyclable materials. Whereas, MSW bag opener are used for Zero Waste and Bio-remediation.
• The global manufacturing industry has been severely affected by the suspension of manufacturing activities in the wake of the COVID- 19 pandemic, due to the shutdown of some component manufacturing facilities across Europe, Japan, China, and the U.S. Shortage of labor coupled with potential supply chain blockage of equipment and materials is expected to hamper the production and manufacture of MSW bag opener across developed and developing countries This has hampered the MSW bag opener market.

Key Drivers of MSW Bag Opener Market

• Rise in demand for MSW bag opener in waste treatment plants to control waste is a key factor driving the market
• Increased awareness about reducing, recycling, and reusing of waste across the globe is anticipated to boost the global MSW bag opener market
• Stringent regulations and inclination toward energy conservation by governments of developed and developing countries is expected to further propel the MSW bag opener market during the forecast period. Additionally, rise in number of waste treatment facilities across the world is projected to propel the global MSW bag opener market.

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• Rise in demand for MSW bag opener in construction, food & beverage, and agriculture industries in order to sort and separate municipal solid waste is estimated to drive the MSW bag opener market
• Dynamic industrial development and rise in population are important factors augmenting the MSW bag opener market across the world

Asia Pacific to Hold Significant Share of Global MSW Bag Opener Market

• Expansion of the manufacturing sector, increase in industrialization in Asia Pacific, and growing agriculture activities are driving the MSW bag opener market in Asia Pacific. Moreover, rise in awareness about recycling and reuse of waste is expected to boost the MSW bag opener in the region.
• North America is expected to hold a significant share of the global MSW bag opener market due to stringent rules enacted by governments for waste disposal & recycling, which in turn, is estimated to fuel the MSW bag opener market in the region
• Stringent regulations and inclination toward energy conservation are anticipated to drive the MSW bag opener market in Europe in the near future
• Rise in social and economic development in countries in Africa, such as Nigeria, South Africa, and Angola; and expansion of construction and manufacturing industries in these countries are anticipated to augment the MSW bag opener market in the region.

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Companies operating in the MSW bag opener market are increasingly investing in research and development to introduce innovative techniques to manufacture MSW bag opener. Manufacturers are also focused on offering highly efficient MSW bag openers with advanced technology in order to retrofit into existing facilities across various industries. The global MSW bag opener market is highly concentrated with the top manufacturers accounting for approximately 45% to 50% share of the market in 2019. Key players operating in the global MSW bag opener market are:

• ACI Chemicals Asia. Inc.
• BOA RECYCLING EQUIPMENT BV
• BRT HARTNER
• Coparm Srl
• CP Manufacturing, Inc.

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Automotive Tailgate Market Gross Margin, Attractiveness, Competitive Landscape and key Players

The global automotive tailgate market is brimming with competitive vendors, according to a Transparency Market Research (TMR).  Vendors in the global automotive tailgate market are focused on production of novel, attractive designs, to attract consumers and impact sales. The vendors are expected to retain efficient components without compromising on aesthetics. Other than this, vendors in the global automotive tailgate market are seen leveraging organic as well inorganic growth strategies in order to gain momentum in the industry.

Some of the key schemes identified by TMR analysts include launch of new products, approvals and patents, and events. Vendors in the global automotive tailgate market are involved in expanding their business through mergers and acquisitions, collaborations, and partnerships.

Leading names in the global automotive tailgate market include Plastic Omnium, Robert Bosch GmbH, SEOYON E-HWA, HELLA GmbH & Co. KGaA Rockland Manufacturing Company, and Magna International Inc.

As predicted by TMR, the global automotive tailgate market is likely to be worth US$15 bn by 2027-end. Over the forecast tenure from 2019 to 2027, the market is estimated to rise at a 4% compound annual growth rate (CAGR).

Original Equipment Manufacturers (OEMs) are expected to emerge as the leading sales channel segment over the forecast period. As OEMs offer best-in-class quality of components and automobile parts, the segment is projected to exhibit lucrative growth. This trend is expected to continue over the forecast period. Geographically, Asia Pacific is anticipated to hold a leading market share. The vast volume of vehicles produced in the region may be considered to be the key reason boosting Asia Pacific molded plastics market. Further, high per capita incomes in developing countries such as China, India, and Japan are leading to high sales of automobiles in Asia Pacific. This is expected to strengthen the regional over coming years.

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Demand for Lightweight Cars to Influence Automotive Tailgate Market

Because it requires less power to speed up a light object than a heavier, lightweight materials give considerable potential to increase the effectiveness of vehicles. A 10% decrease in car weight could lead to an enhancement in fuel efficiency by 6% to 8%.  For significant car companies such as Citroen C4, Range Rover and Peugeot, companies such as the Plastic Ominum and the Magna International supply composite material tailgates. In addition, the carbon-based composite tailgate decreases the general weight of the tailgate, and consequently the demand for automotive plastic tailgates will probably boost in the era of forecasting.

High Sales of Luxury Cars to Boost Market Opportunity

Driving forces such as demand for convenience and luxury drive the automotive tailgate market strongly coupled with increasing attention to security and driverless vehicles. The manufacturers of this luxury vehicle experiment in distinct models to create an elegant appearance and feel on the rear. In the new generation of individuals because of enhanced convenience, appearance, and velocity, this is an appealing characteristic. 

The automotive tailgate market is expected to be highly motivated by increasing demand for luxury cars, an enhanced preferential treatment for sophisticated electronic cars and the soaring implementation of sophisticated safety features. A factor that may hamper the growth of this market is the steep cost of these systems.

However, simple access to financing with custom financing options, a decrease in the prices of car loans, and an increase in users ‘ incomes are expected to help increase the automotive tailgate market in the next few years.

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This review is based on TMR’s report titled, “Automotive Tailgate Market (Tailgate Type – Hydraulic Operated, Power Operated, Manual; Vehicle Type – Passenger Vehicle (Hatchback, Sedan, Utility Vehicle), Commercial Vehicle (LCV, HCV, Buses); Material – Metal, Plastic; Sales Channel – OEMs, Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.”

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HoReCa Drip Coffee Maker Market to Witness Steady Expansion During 2020 to 2025

The global HoReCa drip coffee maker market is highly fragmented in nature. Strong presence of several players and low entry barriers are expected to make the competition highly intense in the forthcoming years. The declining growth rate of the global market is forcing companies to launch innovative products with impactful marketing strategies. Some of the key players operating in the global HoReCa drip coffee market are JURA Elektroapparate AG, Bunn-o-matic Corp, and Crem International AB.

According to the research report, the global HoReCa drip coffee maker market is expected to be worth US$352.7 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to exhibit a CAGR of -0.4%. Regionally, the Middle East and Africa and Asia Pacific are expected show slightly positive progress in the global HoReCa drip coffee maker market during the forecast period. In terms of HoReCa type, the market is segment is into full service restaurants and quick service restaurants. Both these segments are expected to decline during the forecast period.

Drip Coffee Maker brews coffee by percolating hot water through a brew basket of coffee grounds. Coffee is captured in a decanter that may be heated by a warming plate. HoReCa drip coffee makers are being manufactured by the various large scale companies with plants, where they are packaged and supplied globally. The majority of European based manufacturers are supplying the products globally.

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Growing urbanization and development in the foodservice industry, the expansion of a number of MNC outlets/ local coffee chains are driving the market. Innovative coffee shops and tea houses are bringing late-night café culture to several countries globally.  It has become a part of culture with the rising population of millennials being provided with essentials in the cafés such as wireless connectivity and serene and peaceful environment and also space to socialize. The allure of drinking a cup of coffee has become a part of everyday lifestyle or in some cases an addiction – of today’s growing number of millennial population. For youngsters, coffee shops have become a place to socialize which provides a clean, peaceful and serene environment. Coffee shops have become a part of coffee culture.

Some of the restraints that are potentially restricting the growth of HoReCa drip coffee maker market is the advent of new technologies and the consumer shift towards pod coffee and capsule coffee, which are some of the key roadblocks that have plagued the industry’s development over the years. Continuous innovations are taking place with introduction of state-of the-art technology driven coffee machines in the market. A single machine can brew different types of coffee nowadays and with superior quality and tasteful experience.

Preference for Automatic Machines Hamper Sales of Drip Coffee Maker Machines

Also at the coffee outlet’s end, the owners prefer to go for semi-automatic or fully automatic machines due to the ease of operations, lesser brewing time, and the wide variety of range which is available for the consumers as per their growing and changing demands globally. Furthermore, another prospective restraint of the HoReCa drip coffee maker market is the young population driving the market more for espresso coffee.

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This review is based on Transparency Market Research’s report, titled “Title: HoReCa Drip Coffee Maker Market (HoReCa Type – Quick Service Restaurants (Fast Food Restaurants, Cafeterias, and Carryout Restaurants) and Full Service Restaurants (Fine Dining Restaurants, Casual Dining Restaurants, and Hotel and Club Foodservice); Price Point – Less than US$100, US$100-200, and More than US$200) – Global Industry Analysis and Opportunity Assessment, 2017-2025”.

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Fully Automatic Coffee Machine Market 2020 In-Depth Analysis and Future Forecast 2020-2027

The competition in the global fully automatic coffee machine market has progressively intensified over the past decade. The exponential demand for coffee makers across the globe has created huge market gap which has prompted the entry of new players into the market. As market players engage in core research and development of better-performing products, the competition in the market is expected to elevate over the forthcoming years.

The leading market players have established their strongholds in the global market for fully automatic coffee machine and are expected to keep thriving at the back of their expertise in manufacturing. Furthermore, these top market players are expected to invest in several marketing hacks in order to retain their position in the market. On the other hand, the small and medium-sized players are projected to concentrate on collaborating with local coffee chains to sustain themselves in the market.

The market is expected to witness the entry of new players in the market which would prompt a strategic business response from the existing players. Pricing plays a major role in ascertaining the competitive dynamics of the global market for fully automatic coffee machine. N&W Global Vending S.p.A., Crem International AB, Bravilor Bonamat B.V., Wilbur Curtis Co., Gruppo Cimbali SpA, Rex-Royal AG, Group SEB, and Franke Holding AG are some of the leading market players in the global market for fully automatic coffee machine.

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A report published by Transparency Market Research (TMR) estimates the growth parameters of the global market for fully automatic coffee machine. The report finds that the global market would expand at a sluggish CAGR of 2.8% over the period 2017 and 2025. The total revenues accumulated by the global market was worth US$4,288.6 mn in 2017 and is expected to elevate to a value of US$5,359.2 mn by 2025-end.

The number of coffee shops is multiplying each year due to the propensity of the masses towards consuming various forms and flavors of coffee. The emergence of huge brands of coffee shops such as Starbucks and Costa has established their global presence, and this has directly contributed to the growth of the global market.

Furthermore, several quick service restaurants that serve coffee have made their way into the market which has aided the growth of the global market. Besides this, the preferences and tastes of customers have changed lately, resulting in a liking for coffee over tea and other beverages. The spending capacity of the consumers has also increased which has further fortified the growth of the global market for fully automatic coffee machine.

Emerging Economies to Witness Affluent Market Growth

The food and beverage industry in emerging economies such as India, China, Japan, and Brazil has grown by leaps and bounds over the past decade. This has given an impetus to the growth of the market for fully automatic coffee machines in Asia Pacific. The Middle East and Africa is also expected to register robust growth over the coming years due to the increasing number of quick-service restaurants across the region.

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The review is based on TMR’s report titled, “Fully Automatic Coffee Machine Market (HoReCa Type – Quick Service Restaurants (Fast Food Restaurants, Cafeterias, and Carryout Restaurants) and Full Service Restaurants (Fine Dine Restaurants, Causal Dining Restaurant, and Hotel and Club Foodservice); Price Point – Less Than US$ 2,000, US$ 2,000-US$ 4,000, US$ 4,000-US$ 6,000, and More Than US$ 6,000) – Global Industry Analysis and Opportunity Assessment 2017 – 2025”.

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Bluetooth Hearing Aids Market Factors with Current Trends and Future Estimations

A new report by Transparency Market Research (TMR) has identified key players actively contributing to growth of the global Bluetooth hearing aids market. The report has explored the market players in detail and has tracked their occupancy through an intensity map. Key market players profiled by the report include Widex A/S, GN Store Nord A/S, William Demant Holding A/S, Medtechnica Orthophone, GN ReSound, Eartone, Union Hearing Aid Centre, Starkey Hearing Aids, Siemens Healthcare, Shenzhen Sunsky Technology, Persona, Miracle Hearing Aid Clinic, Beltone, MED-EL, Cochlear, Sonova Holding AG, and Sivantos Pte. Ltd.

According to TMR’s report, the global Bluetooth hearing aids market will register a splendid expansion between the period 2017 and 2026. Global sales of Bluetooth hearing aids are forecast to exceed revenues worth US$ 850 Mn by 2026-end.

For hearing impaired patients, burdened by high costs of hearing aids along with unhelpful insurance companies, Bluetooth hearing aids are becoming the game changer with provision of highly sophisticated features. Primary aim of hearing aids has forever been making improvements in speech understanding. In a bid to accomplish this aim, several hearing aid manufacturers have commenced incorporating Bluetooth technology in their advanced hearing aid’s microchips, in order to make speech from devices such as televisions and phones more accessible to the hearing impaired. In addition, built-in microphones in novel Bluetooth hearing aids developed recently enable automatic voice pickup, helping people to make two-way conversations via their hearing aids.

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Developments in Bluetooth hearing aids have enabled multiple devices capable of being paired to a single streamer, which in turn facilitates switching between different devices. A great example of this is the ability of being connected to a mobile phone while streaming a movie in a tablet. Streaming via Bluetooth hearing aids has enabled numerous other benefits to patients such as personalized hearing experience, remote control of hearing aids and standard protocol. Unlike traditional Bluetooth devices, technologically advanced Bluetooth hearing aids deliver customizable amplification for audio streams coupled with better speech understanding in various listening environments.

Bluetooth Hearing Aids Market to Register Fastest Expansion in APEJ

The market for Bluetooth hearing aids is projected to register the fastest expansion in Asia-Pacific excluding Japan (APEJ), trailed by North America. In addition, the market in Europe is projected to record a CAGR nearly equal to that of the market in North America through 2026. However, North America will continue to account for the largest market revenue share during the forecast period. In contrast, Middle East & Africa is anticipated to account for the smallest revenue share of the market during 2017 to 2026.

On the basis of product type, behind-the-ear (BTE) hearing aids are anticipated to remain leading revenue contributor to the global Bluetooth hearing aids market. In-the-ear (ITE) hearing aids and receiver-in-the-ear (RIE) hearing aids will remain fast expanding products in the market. These products are also expected to remain major revenue contributors to the market, trailing the BTE hearing aids.

Adults Patients to Remain Dominant in the Market

Based on patient type, adult segment will remain dominant in the market, in terms of revenues. More than three-fourth revenue share of the market is poised to be held by adult patients with hearing impairment during 2017 to 2026. However, sales of Bluetooth hearing aids for pediatric patients are slated to register the highest CAGR in the market through 2026.

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Hospitals are anticipated to be the largest end-users of Bluetooth hearing aids, with revenues projected to account for roughly half share of the market by 2026-end. Clinics will also remain lucrative end-users of Bluetooth hearing aids. Sales of Bluetooth hearing aids in hospitals and to individuals are slated to record a similar CAGR through 2026.

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Specialty Fats and Oils Market Future Adoption Overview 2020 – 2026

The global specialty oils and fats market is characterized by the innovative business strategies introduced by the top market players over the past decade. The market for specialty fats and oils is highly fragmented due to the presence of a number of small, medium, and large-scale players. However, the existence of a huge number of small and medium-sized players has not affected the strongholds of the leading market players.

These leading players continue to exercise tremendous control over the market through their business acumen and prowess. It is anticipated that the top market players would son capture the market share of the local players that are on the brink of collapsing. The market share of the small and medium-sized players is enough to sustain these players in the market. Besides this, these medium-sized players are expected to form strategic alliances in order to counter the stiff competition from larger players.

The global market for specialty fats and oils does not have any significant barriers to the entry of new players; however, the performance of the new entrants is a key to their sustenance in the market. Some of the leading market players in the global market specialty fats and oils are Cargill Incorporated, Willmar International Limited, IFFCO, The Savola Group, and United Foods Company. These leading market players are anticipated to keep recalibrating their extrinsic and intrinsic business strategies in order to cater to the demands of the customers.

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Transparency Market Research (TMR) published a report depicting the growth pattern of the global market for specialty fats and oils over the period between 2018 and 2026. The foresighted analysis of the researchers reveals that the global market is expected to expand at a sturdy CAGR of 6.6% over the aforementioned forecast period. Furthermore, the global market for specialty fats and oils is projected to accumulate revenues worth US$ 142.1 Bn by 2025.

The customers have started following strict health norms in order to enhance the quality of their life. In this quest, people have reduced their intake of cholesterol which has mellowed down the popularity of traditional cooking oils.  Hence, the demand within the global market for specialty oils and fats has reached new heights over the past few years. The confectionery industry has also played a part in accelerating the growth of the global market and is expected to further contribute to market growth. The nutritional value served by specialty oils and fats is also significantly higher than other forms of oil, which further popularises the former.

Asia Pacific to Emerge as Leading Segment

The food and beverages industry across Asia Pacific has grown by leaps and bounds in recent times. This has directly contributed to the growth of the market for specialty oils and fats across the region. Furthermore, the high population of the region calls for a greater supply of food, drinks, and other consumable items. In order to maintain the standards of packaged food while meeting the exponential demand from the rising population, the manufacturers have also begun using specialty fats and oils across the region.

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The review is based on TMR’s report titled, “Specialty Fats and Oils Market (Product Type – Specialty Oils (Corn Oil, Sun Flower Oil, Blend Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil ), Specialty Fats (Cocoa Butter Substitute, Cocoa Butter equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Butter Substitute, Butter Oil Substitute, Spray Oil, Dairy Fat Replacers ); Application – Chocolate and Confectionary, Bakery, Processed Food, Dairy, Cosmetics, Baby Food; Form – Solid, Semi Solid and liquid) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026”.

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