Forensic Imaging Market Innovative Technology, Growing Prominence Analysis & Forecast to 2027

 The global forensic imaging market expected to reach US$ 139.5 million by 2028. according to a new study by Polaris Market Research. The report “Forensic Imaging Market Share, Size, Trends, Industry Analysis Report, By Modality (X-ray, CT, MRI, and Ultrasound); By Application (Death Investigations, Clinical Studies), By End-Use (Forensic Institutes, Hospitals, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global forensic imaging market is driven by few notable factors such as innovations in medical imaging, rising criminal activities coupled with compulsory autopsy procedures, and the rising inclination towards finding the death cause. Moreover, changing beliefs in different religions towards autopsy and the emergence of virtual forensic imaging procedures.

 

The global forensic imaging market is fragmented based on modality, application, end-use, and region. In terms of modality, the global market is bifurcated as X-ray, MRI, CT, and ultrasound. Based on application, the market is classified as death investigations and clinical studies. The end-use segment is further divided into forensic institutes, hospitals, and others.

 

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Segment Highlights

• The X-ray segment accounted for the largest revenue share in 2020 owing to its high efficacy and high usage in accidents. The segment holds over 50% of the global share. However, the CT segment is expected to expand at the highest CAGR during the forecast period.
• Based on application, the death investigations segment is projected to constitute over 70% of the revenue share in 2028. This can be attributed to a rapid rise in un-reported deaths, requiring the need of death cause for insurance claims or court trials.
• Europe region dominated the market in terms of revenue in 2020 holding over 35%. The region’s growth is driven by the rapid adoption of automated imaging services, lack of skilled professionals, and the presence of private forensic centers.

 

List of Key Players of Forensic Imaging Market

• Canon Medical Systems Corporation
• Bruker
• Neusoft Corporation
• Shimadzu Corporation
• FUJIFILM
• Hitachi, Ltd.
• Toshiba Medical Systems, Inc.
• Others

 

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Concrete Repair Mortars Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2026

 The global concrete repair mortars market size is expected to reach USD 3.73 billion by 2028 according to a new study by Polaris Market Research. The report “Concrete Repair Mortars Market Share, Size, Trends, Industry Analysis Report, By Mortar Type (Epoxy-Based Mortar, Polymer-Modified Cementitious Mortar); By End-Use (Utility, Roads & Infrastructure, Buildings); By Method of Application (Spraying, Manual, Pouring); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market for concrete repair mortars is expected to increase during the forecast period owing to rising urbanization, growing population, and development of public infrastructure. Increasing environmental concerns along with rising investments in the maintenance of aging infrastructure would further support the market growth. Increasing development of transportation and road networks, and growth in the construction industry, especially in emerging economies of Asia Pacific, supplement the market growth for concrete repair mortars.

 

The different types of concrete repair mortars include epoxy-based, polymer-modified cementitious, and others. Polymer-modified cementitious segment dominated the global market for concrete repair mortars in 2020. Apart from its cost efficiency and ease of use, polymer-modified cementitious material also offers high tensile and flexural strength, greater abrasion resistance, superior adhesion, and high chemical resistance. Increasing environmental concerns and growing infrastructure development has increased the demand for polymer-modified cementitious materials worldwide.

 

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The end-uses of concrete repair mortars include utility, roads and infrastructure, buildings, and others. There has been an increasing demand for concrete repair mortars from the roads & infrastructure sector. Governments, especially in emerging economies, are investing significantly in the development of roads, highways, and bridges.

  

Rising population, increasing urbanization, growing construction industry, and several public-private partnerships are driving the growth of this segment. The development of improved transportation networks, a growing number of road accidents, increasing road safety concerns, and the rising need to streamline traffic networks are some factors attributing to the growth of this segment.

 

On the basis of the method of application, the market is segmented into spraying, manual, pouring, and others. The demand for manual applications is expected to increase during the forecast period. Hand troweling or manual application is a common method used for repairing concrete. It is easy to use and works well for vertical, overhead, and horizontal concrete surfaces. It is widely used for shallow surface repairs and does not require significant equipment.

 

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Economic development in countries of Asia-Pacific coupled with growth in the construction industry, increasing population, rising disposable income, and increasing urbanization are expected to contribute towards market growth in the region. Owing to technological advancements, companies are providing technologically advanced products in order to retain existing customers and strengthen their market presence. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants operating in the industry include Fosroc International Ltd., Adhesive Technology Corporation, Ardex Group, Saint-Gobain Weber S.A., Baumit, Sika AG, Remmers Baustofftechnik GmhH, Bostik, Mapei S.P.A, Pidilite Industries Ltd, Flexcrete Technologies Ltd., BASF SE, and The Euclid Chemical Co.

 

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CBD Nutraceuticals Market Trends, SWOT Analysis, Strategies, Industry Challenges

 The global CBD nutraceuticals market size is expected to reach USD 19.25 billion by 2028 according to a new study by Polaris Market Research. The report “CBD Nutraceuticals Market Share, Size, Trends, Industry Analysis Report, By Product (CBD Capsules, CBD Tinctures, Others); By Distribution Channel (Offline, Online); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for CBD nutraceuticals is expected to increase during the forecast period owing to increasing obesity and related disorders, growing health consciousness, and greater awareness regarding benefits associated with cannabidiol nutraceuticals. The legalization of the U.S. Farm Bill in late 2018 leading to the commercialization of hemp-derived products, increasing disposable income of consumers, and growing shift towards health and wellness products has significantly increased the demand for cannabidiol nutraceuticals.

 

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In March 2018, MGC Pharma expanded its product portfolio through the introduction of cannabis and hemp-enhanced nutraceutical products. The company launched several vegan products including supplements and food-grade products under its new line, MGC Nutraceuticals. Its new offerings include capsules, water-soluble cannabinoids, and ready-to-drink products containing high-grade phytocannabinoids aimed at reducing stress, boosting immunity, and maintaining muscle and bone structure. This product launch enables the company to tap growing opportunities in the dietary supplement and cannabidiol nutraceuticals market.

 

On the basis of product, the market is segmented into CBD capsules, CBD tinctures, and others. The tinctures segment accounted for a major share in 2019. Health benefits associated with the tinctures, increasing health consciousness among users, and shifting trend towards diet and nutritious food products boosts the growth of this segment.

 

Cannabidiol tinctures are increasingly being used for pain relief, insomnia, muscle spasms, nervous system degradation, and anxiety, among others. Governments across the globe are gradually introducing regulations supporting the growth of cannabidiol nutraceuticals.

 

The different distribution channels covered in the report include offline sales channels and online sales channels. The offline sales channel accounted for a major market share of the global CBD nutraceuticals industry. Rapid urbanization, increasing penetration of retail stores, and growing awareness towards health have driven the overall growth of this distribution channel.

 

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In addition, the rapidly growing health and beauty service industry in the developing economies has fueled the growth of health and beauty stores, supporting the growth of this segment. The growth of the fitness industry further supplements the growth of retail stores proving cannabidiol nutraceuticals and supplements.

 

North America dominated the global market for CBD Nutraceuticals in 2020 and is expected to maintain its dominance over the forecast period. High living standards, increasing health awareness, and supportive government regulations support market growth in this region. However, Asia-Pacific is expected to exhibit significant growth during the forecast period.

 

The increasing geriatric population coupled with rising awareness regarding the benefits of CBD nutraceuticals fuels the growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry. Some of the major market participants include Foria Wellness, CV Sciences, Inc., Green Roads, Charlotte’s Web, Isodiol, Garden of Life LLC, Diamond CBD, MGC Pharma, Elixinol, Medterra CBD, Endoca BV, Medical Marijuana, Inc., Aphria Inc., and Irwin Naturals.

 

Read More : https://www.medgadget.com/2021/03/cbd-nutraceuticals-market-size-is-projected-to-reach-19-25-billion-by-2028-cagr18-2-polaris-market-research.html

Telepsychiatry Market Trends, SWOT Analysis, Strategies, Industry Challenges

 The global telepsychiatry market size is expected to reach USD 39.90 billion by 2028 according to a new study by Polaris Market Research. The report “Telepsychiatry Market Share, Size, Trends, Industry Analysis Report, By Product (In-home solutions, Forensic solutions, Routine solutions, Crisis solutions, Others); By Age Group (Adult, Pediatric & Adolescent, Geriatric); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The current ongoing pandemic of COVID-19 has impacted several market sectors, including healthcare apps. Governments all across the globe have responded to this with all essential initiatives such as lockdowns, large-scale quarantine, and social distancing, to contain the infection. This has resulted in employee layoffs, which impacted the mental health of people driving the market for telepsychiatry.

 

As per the KFF poll, more than 47 percent of U.S. citizens have reported mental health issues and it is being reported that around 21 percent was due to job loss. Moreover, according to the statistics published by the National Alliance on Mental Illness, around 43.3 percent of the U.S. population had received treatment for mental disorders, in 2018.

 

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Market participants such as InSight Telepsychiatry, MDLIVE Inc., e-Psychiatry, SOC Telemed, Advanced Telemed Services, Telemynd, American Tele-psychiatrists, Iris Telehealth, innovaTel Telepsychiatry, and Encounter Telehealth, LLC. are some of the key players operating in the market for telepsychiatry. The companies in the market are introducing innovative apps and services to perform well in the crowded market.

 

For instance, in December 2020, the U.S.-based telehealth company, MeMD introduced telepsychiatry services to manage employee’s mental health issues amid the COVID-19 pandemic. It includes the “Healthy minds first program” providing employers and their employees to assess critical mental health behaviors. The launch is on the backdrop of the report published by the Center for Prevention and Health Services, which states that mental problems and drug abuse cost employers between USD 79 to 105 each year, collectively in the form of productivity, employee absence, and disability.

 

Previously, in October 2020, Teladoc Health introduced its new service Mental Health Care, enabling its employees to access the best lot of sleep therapists, psychologists, and psychiatrists through their phones, via mobile app. This new service will expand the company’s telehealth services, particularly into niche offerings, such as telepsychiatry.

 

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Polaris Market research has segmented the telepsychiatry market report on the basis of product, age group, end-use, and region:

Telepsychiatry, Product Outlook (Revenue – USD Million, 2016 – 2028)

• In-home solutions
• Forensic solutions
• Routine solutions
• Crisis solutions
• Others

Telepsychiatry, Age Group Outlook (Revenue – USD Million, 2016 – 2028)

• Adult
• Pediatric and Adolescent
• Geriatric

Telepsychiatry, End Use Outlook (Revenue – USD Million, 2016 – 2028)

• Community Mental Health Centers
• Specialty Care Settings
• Skilled Nursing Facilities
• Homecare
• Others

Read More : https://www.medgadget.com/2021/03/telepsychiatry-market-size-is-projected-to-reach-39-9-billion-by-2028-cagr-24-9-polaris-market-research.html

 

Bacterial And Viral Specimen Collection Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2026

 The global bacterial and viral specimen collection market size is expected to reach USD 38.85 billion by 2027 according to a new study by Polaris Market Research. The report “Bacterial and Viral Specimen Collection Market Share, Size, Trends, Industry Analysis Report, Product (Bacterial, Viral); By Application (Diagnostics, Research), End-Use (Hospitals & Clinics, Home Testing, Research Laboratories), By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global bacterial and viral specimen collection market is projected to grow at the rapid pace owing to the recent surge in infectious diseases, concerned investments in the transport media, and positive government policies. Furthermore, emergence of COVID-19 pandemic and the sudden surge need for viral specimen collection kits is expected to drive the market growth.

 

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The growing production of specimen collection products owing to the increasing incidences of COVID-19 infections across the developed and developing economies is expected to drive demand. Furthermore, the rising demand for rapid medical diagnostic kits owing to high accuracy and quicker results is likely to complement the demand for specimen collection products over the forecast period.

 

Segment Highlights

• The bacterial segment is estimated to account for largest revenue share in the global bacterial and viral specimen collection market owing to the government sponsored immunization and growing bacterial infections across the globe
• Diagnostic application segment accounted for the largest share in 2019 on account of the growing need for specimen collection products with the emergence of COVID-19 pandemic along with increasing prevalence of tuberculosis across developing economies
• On the basis of end-use, home tests segment is expected to witness fastest growth over the forecast period owing to the availability of wide range of home-based diagnostics products across the developed and developing economies
• North America accounted for the highest revenue share in 2019 owing to the presence of improved healthcare infrastructure in terms of microbial specimen collection and highly standardized and technologically enhanced laboratories

 

List of Key Players

• Puritan Medical Products
• Hardy Diagnostics
• Becton, Dickinson and Company
• DiaSorin
• COPAN Diagnostics
• Thermo Fisher Scientific, Inc.
• Others

 

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Polaris Market Research has segmented the bacterial and viral specimen collection market report on the basis of product, application, end-use, and region

Bacterial and Viral Specimen Collection, By Product Outlook (Revenue – USD Million, 2016 – 2027)

• Bacterial Specimen Collection
  • Swabs
  • Bacterial Transport Media
  • Blood Collection Kits
  • Others
• Viral Specimen Collection
  • Swabs
  • Bacterial Transport Media
  • Blood Collection Kits
  • Others

Bacterial and Viral Specimen Collection, By Application Outlook (Revenue – USD Million, 2016 – 2027)

• Diagnosis
• Research

Bacterial and Viral Specimen Collection, By End-Use Outlook (Revenue – USD Million, 2016 – 2027)

• Hospitals and Clinics
• Home Testing
• Research Laboratories

Read More : https://www.medgadget.com/2021/02/bacterial-viral-specimen-collection-market-to-surpass-38-85-billion-by-2027-cagr-14-4-polaris-market-research.html

 

Biopharma Cold Chain Logistics Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2027

 The global biopharma cold chain logistics market size is expected to reach USD 26.8 Billion by 2027 according to a new study by Polaris Market Research. The Report “Biopharma Cold Chain Logistics Market Share, Size, Trends, Industry Analysis Report, By Component (Storage {Warehouse, and Refrigerated Container}, Transportation {Sea Freight Logistics, Air Freight Logistics, and Overland Logistics}, and Monitoring Components {Hardware [Sensors, RFID Devices, Telematics, and Networking Devices], and Software); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global market is anticipated to grow owing to the necessity of cold chain infrastructure in the supply chain network for the temperature sensitive vaccines and drugs, cost containment measures, and technology enabled services for real time monitoring. Moreover, government’s positive initiatives to reduce the wastage and enhancement of services at the local level is also expected to boost the investments in the concerned market.

 

The market is fragmented based on type, component, and region. In terms of type, the market is segmented into cold and non-cold. Based on component, the biopharma cold chain logistics market is bifurcated as storage, transportation, and monitoring components. Storage segment is further segmented as warehouse, and refrigerated container. Transportation is further segregated as sea freight logistics, air freight logistics, and overland logistics. Monitoring components is bifurcated as hardware and software.

 

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Segment Highlight :

• The storage segment accounted for the largest revenue share in 2019 and is expected to continue its dominance over the forecast period on account of the growing demand for temperature-sensitive pharmaceuticals.
• Monitoring components segment is expected to witness significant growth over the projected period on account of the increasing need to maintain safety and integrity of the biopharmaceuticals
• North America accounted for the largest revenue share in 2019 owing to the growing demand for biopharma cold chain logistics and presence of several market players operating in the U.S. and Canada

List of Key Players

• Air Canada
• DB Schenker
• Kuehne+ Nagel
• United Parcel Service of America, Inc.
• Deutsche Post AG

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Polaris Market Research has segmented the biopharma cold chain logistics market report on the basis of component and region

 

Biopharma Cold Chain Logistics, Component Outlook (Revenue – USD Million, 2016 – 2027)

• Storage
• Warehouse
• Refrigerated Container
• Transportation
• Sea Freight Logistics
• Air Freight Logistics
• Overland Logistics
• Monitoring Components
• Hardware
• Sensors
• RFID Devices
• Telematics
• Networking Devices
• Software

Biopharma Cold Chain Logistics, Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America (U.S., Canada)
• Europe (France, Germany, UK, Spain, Netherlands, Austria)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• MEA (Saudi Arabia, UAE, Israel, South Africa)

Read More : https://www.medgadget.com/2021/02/biopharma-cold-chain-logistics-market-size-worth-26-8-billion-by-2027-industry-players-air-canada-db-schenker-kuehne-nagel-agility-deutsche-post-ag-and-others.html

Medical Waste Container Market Trends, SWOT Analysis, Strategies, Industry Challenges

 The global medical waste container market size is expected to reach USD 2.64 billion by 2027 according to a new study by Polaris Market Research. The report “Medical Waste Containers Market Share, Size, Trends, Industry Analysis Report, By Product [Chemotherapy Containers, Biohazardous Waste Containers, Sharps Waste Containers, Resource Conservation, and Recovery Act (RCRA) Containers, Other], By Waste Type; By End-Use; and By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Medical waste containers are used for the disposal and management of all types of wastes generated from healthcare activities such as treatments, surgeries, and diagnosis. These containers aid in the collection, storing, handling, and disposal of medical debris, thus reducing spill and exposure risk for laboratory professionals, service workers as well as the common public.

 

The major factors triggering the market growth include an increasing prevalence of infectious and chronic ailments, rising awareness pertaining to threats of improper disposal of healthcare waste, and a surge in implementation of stringent rules for the disposal and management of medical debris. For instance, governing bodies such as the Occupational Safety and Health Administration (OSHA) have set several guidelines regarding the disposal of healthcare waste.

 

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Moreover, the growing demand for safe and proper disposal of useless remains produced in healthcare centers especially during the COVID-19 pandemic is augmenting the market growth. Several foremost market players are increasing the production of medical waste bins and taking additional efforts toward protective measures to curtail disturbance in waste management.

 

Recently, in June 2020, the U.S. Environment Protection Agency (EPA) has enforced a ‘temporary policy’ for the organizations producing hazardous waste, such as healthcare waste, during the COVID-19 pandemic. Moreover, government bodies in numerous countries are making it compulsory to dispose of medical waste in specialized containment arrangements to ensure the safety of service workers as well as the general public. Such trends are contributing to demand growth.

 

Companies operating in the industry include Medtronic, Sharps Compliance, Inc., Mauser Group, Becton, Dickinson and Company, Daniels Sharpsmart Inc., Terra Universal, Inc., Bondtech Corporation, Thermo Fisher Scientific, Inc., Henry Shein, Inc., and EnviroTain. These players are profoundly focusing on the development of advanced and safe medical waste bins. Moreover, new product launches, mergers & acquisitions, partnerships, R&D, etc., are a few initiatives taken by these players to obtain market share.

 

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For instance, Daniels Health, a leading supplier of sharps, medical, and biohazardous waste disposal and clinical product solutions to the U.S. healthcare industry, have invested significant funds in the R&D to develop the Sharpsmart system which significantly helped decrease injuries owing to sharps medical instruments and needles.

 

Read More : https://www.medgadget.com/2020/12/medical-waste-container-market-to-surpass-2-64-billion-by-2027-cagr-5-9-polaris-market-research.html

 

 

Marine seats Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2026

 The global marine seats market size is expected to reach USD 2.77 billion by 2027 according to a new study by Polaris Market Research. The report “Marine Seats Market Share, Size, Trends, Industry Analysis Report, By Type (Leaning Posts, Ferry, Helm, Bucket, Fishing, Bench, and Others); By Ship Type (Commercial, Military); By End-User (OEM, Aftermarket), By Region; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Marine seats refer to products that are used for recreational, military, and commercial boats. They are standard as well as custom made. Marine seats are made of several materials which includes plastic, steel, and metal composites. They are available with and without arm rests. They are available with foldable as well as non-foldable option, however, this option is not available with all the types.

 

The product is sold through three primary sales channels including direct procurement, specialty retail stores, and online channels. The boat manufacturers mostly purchase seats through direct procurement as they order in bulk. The replacement market is catered largely by specialty retail stores and online channels. Specialty retail stores offers products and accessories for recreational activities such as boating, camping, etc.

 

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The boat owners have also been preferring seats with multiple utilities. For instance, the demand for seats with storage has been increasing. Seats with coolers are also high in demand to store beer and other kinds of food items and beverages. The leaning posts are also gaining popularity as the height can be adjusted. The growing interest of customers for fishing have led to a surge in demand for these products with rod holders. Several of these products also have bottle/can holders and tools storage options.

 

While the demand in the developing countries is largely inclined towards the primitive types, demand in the established markets is inclining towards these products with multiple utilities, such as leaning posts. The novel leaning posts that are convertible and customizable have been witnessing substantial demand.

 

Companies such as Grammer AG, Leader Accessories LLC, Tempress, and Hansen Protection, VIOTAP Marine Products, SanHui Marine Seating Co. Ltd, DeckMate Boat Seats, Springfield Marine Company, Todd Marine Products, Taco Marine, Oceansouth Australia, Wise Seats, Attwood Marine Products, Lippert Components, Inc. and Moeller Marine Products are some of the key players operating in the global market.

 

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Polaris Market Research has segmented the marine seats market report on the basis of seat type, ship type, end-user, and region

Marine Seats by Type Outlook (Revenue – USD Million, 2016 – 2027)

• Leaning Posts
• Ferry
• Helm
• Bucket
• Fishing
• Bench
• Others

Marine Seats by Ship Type Outlook (Revenue – USD Million, 2016 – 2027)

• Commercial
  • Bulk Carriers
  • Cruise Ships
  • Passenger Ferries
  • Dry Cargo Vessels
  • Tankers
  • Gas Tankers
  • Research Vessels
  • Dredgers
  • Fishing Vessels
  • Motorboats
  • Others
• Military
  • Frigates
  • Corvettes
  • Destroyers
  • Amphibious Ships
  • Mine Sweepers
  • Aircraft Carriers
  • OPVs
  • Submarines
  • Others

Marine Seats by End-User Outlook (Revenue – USD Million, 2016 – 2027)

• OEM
• Aftermarket

Special Effect Masterbatches Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2026

 The global special effect masterbatches market size is expected to reach USD 4.69 billion by 2027 according to a new study by Polaris Market Research. The report “Global Special Effect Masterbatches Market Share, Size, Trends, Industry Analysis Report, By Effects Type (Appearance, Functional, Material), By Application (Hygiene & Baby Product, Automotive, Home Care & Household, Consumer Appliances, Packaging, Sports & Leisure, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Special effect masterbatches are used for medical applications are medical equipment, drug delivery systems, and single-use devices. They are also used for diagnostic imaging equipment such as MRI scanners, CT scanners, ECG machines, ultrasound machines, x-ray systems, patient monitoring systems, and diagnostic kits. Special effect masterbatches are also used in single-use devices such as surgical clips, wound clips, filter media, housing and functional parts for disposable items, and multiple-use devices such as components for sterilizer equipment, grips/handles for surgical instruments, minimally invasive surgical devices.

 

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Product development and process innovation are key aspects of the special effect masterbatches market. Constantly changing consumer needs and preferences are defining trends in the current market scenario. Pre-designed special masterbatches are of high demand in industrial applications such as automotive, packaging, consumer appliances, etc.

 

One of the technologies used for making special effect masterbatches is blow molding. Blow molding is a robust manufacturing technology, with the help of which, resonating plastic pieces are manufactured. The common blow molding types include injection blow, extrusion, and injection stretch blow molding. Furthermore, blow molding has several advantages, and it is used in the automotive industry. Also, due to the advancement in this technology, it can now compete with injection molding and thermoforming technologies. An important new area for this technology is in packaging products.

 

The gross domestic product (GDP) is one of the prime factors indicating the economic health of any country. Since the global economic crisis in 2008, the world GDP has witnessed significant growth in the past seven-eight years. The global GDP is estimated to grow at an average rate of 3% per year and is expected to double in the next two decades.

 

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The global special effect masterbatches market is predicted to remain buoyant throughout the forecast period. The companies continually reinventing growth drivers by producing creative content adapted to each tribe of application. Among the major applications, the packaging and consumer