Gene Therapy Market Overview, Trends Forecast Analysis By Top Manufactures

 The global gene therapy market expected to reach USD 5.02 billion by 2028, according to a new study by Polaris Market Research. The report “Gene Therapy Market Share, Size, Trends, Industry Analysis Report, By Vector Type (Viral, Non-viral); By Approach (Gene Augmentation, Oncolytic Viral Therapy, Immunotherapy, Others); By Therapeutic Area; By Route of Administration; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The rising prevalence of chronic disorders including heredity and oncology diseases, rise in the number of clinical trials in the concerned arena, and increase in product approvals from regulatory agencies are few factors boosting the market growth. Moreover, innovations in the gene delivery systems also expedited the demand for such products.

 

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The market is fragmented based on the therapy area, vector type, approach, route of administration, and region. In terms of therapeutic area, the market is segmented into autoimmune disorders, cardiovascular diseases, dermatological disorders, genetic disorders, hematological disorders, metabolic disorders, muscle-related diseases, oncological disorders, ophthalmic diseases, and others.

Based on the vector type, the industry is further bifurcated into viral and non-viral vectors. Based on the approach, the industry is further bifurcated into gene augmentation, oncolytic viral therapy, immunotherapy, and others. Based on the route of administration, the market is further bifurcated into intraarticular, intracerebellar, intradermal, intramuscular, intratumoral, intravenous, intravesical, intravitreal, subretinal, and others.

 

Segment Highlights

• The genetic disorders segment accounted for the largest revenue share in 2020 owing to the emergence of novel disorders and associated research and innovation. Furthermore, the increasing number of genetic disorders is expected to drive segment growth.
• Based on the vector type, the viral segment accounted for over 55% in terms of revenue in 2020. This can be attributed to its high accuracy in gene delivery and the presence of several players across the market.
• North America region is dominating the global market, holding almost one-third of the market share throughout the forecast period. Positive funding scenario and the presence of competent regulatory authorities favoring the growth in the region
• The players including Novartis AG, Celgene Corporation, and Gilead Sciences Inc. together account for a significant market share of the global market in the year 2020

 

List of Key Players

• Dimension Therapeutics
• Novartis AG
• Bluebird Bio
• Gilead Sciences Inc.
• Human Stem Cell Institute
• Spark Therapeutics
• Celgene Corporation
• Sangamo Biosciences
• GlaxoSmithKline
• Bristol Myer’s Squibb
• Celgene Corporation
• Others

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Polaris Market Research has segmented the gene therapy market report on the basis of therapeutic area, vector type, approach, route of administration, and region

 

Gene Therapy, Therapeutic Area Outlook (Revenue – USD Million, 2016 – 2028)

• Autoimmune Disorders
• Cardiovascular Diseases
• Dermatological Disorders
• Genetic Disorders
• Hematological Disorders
• Metabolic Disorders
• Muscle-related Diseases
• Oncological Disorders
• Ophthalmic Diseases
• Others

Gene Therapy, Vector Type Outlook (Revenue – USD Million, 2016 – 2028)

• Viral
  • Retroviral vectors
    • Gamma-retroviral vectors
    • Lentiviral vectors
  • Adeno-associated virus vectors
  • other viral vectors
• Non-viral
  • Oligonucleotides
  • Other non-viral vectors

Gene Therapy, Approach Outlook (Revenue – USD Million, 2016 – 2028)

• Augmentation
• Oncolytic Viral Therapy
• Immunotherapy
• Others

Gene Therapy, Route of Administration Outlook (Revenue – USD Million, 2016 – 2028)

• Intraarticular
• Intracerebellar
• Intradermal
• Intramuscular
• Intratumoral
• Intravenous
• Intravesical
• Intravitreal
• Subretinal
• Others

Dialysis Catheters Market Size, Outlook, Key Prospects And Future Growth

 The global dialysis catheters market size is expected to reach USD 976.2 million by 2027 according to a new study by Polaris Market Research. The report “Dialysis Catheters Market Share, Size, Trends, Industry Analysis Report, By Product Type (Tunneled Catheters, Non-Tunneled Catheters, Step-Tip Catheters, Split-Tip Catheters, Symmetric Catheters); By Application (Hemodialysis, and Peritoneal Dialysis); By End Use (In-center Dialysis {Hospitals, and Dialysis Centers}, and Home Dialysis); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Dialysis catheters is basically used for exchange of blood to and from a dialysis machine and the patient under treatment. Catheters has two lumens viz. venous and arterial. Arterial lumen carries blood away from the heart and supplies to dialysis machine whereas venous lumen returns blood back to the heart from the machine. Flow rates are maintained at in between 200 to 500 ml/min. The common site for placing catheters is superior vena cava (SVC), by puncturing jugular vein present in the neck, towards chest. SVC can also be inserted through sub-clavian vein.

 

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The market is driven by few notable factors such as life style changes resulting in kidney disorders, rising population of old people seeking more medical care, and surge in independent dialysis care centers in the U.S. and Europe. According to statistics published by Lancet, in 2017, 1.2 million people across the globe died from CKD. The global mortality rate from CKD stood at 41.5% from 2014 to 2017. Moreover, in 2017, total recorded cases of CKDs were 697.5 million at a prevalence rate of 9.1%.

 

Dialysis centers offer exclusive dialysis services for the treatment of various renal disorders. There are more than 16,800 dialysis centers that offer services in more than 161 countries. DaVita is one of the leading dialysis service providers with more than 2,500 dialysis centers globally, while Fresenius Medical Care has more than 2,200 dialysis centers.

 

Home based renal care has become a norm in the U.S., in line with this in April 2020, the U.S. based renal care provider, Outset Medical, announced that it received FDA approval for its home based Tablo hemodialysis system. The system is all in one dialysis care machine handling both dialysate production and water purification. Similarly, in February 2020, U.S. based startup CloudCath raised funding of USD 12 million for commercializing its device for home monitoring of dialysis.

 

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Market participants such as Fresenius Medical Care, NIPRO Medical Corporation, DaVita, Medical Components Inc., NIKKISO CO., LTD, B. Braun, Foshan Special Medical, Toray Medical, Jiangxi Sanxin Medtec, AngioDynamics Inc., Asahi Kasei Medical Co., Ltd., Baxter International, NxStage Medical, Inc., Shenzhen Shunmei Medical Technology., Outset Medical, Inc. and ALLMED MEDICAL CORP. are some of the key players operating in the concerned market. Companies are introducing innovative catheters technology to reduce complications. In February 2020, Bluegrass Vascular Technologies received FDA approval for its new inside out catheters access system. This system would be boon for those who have obstructed veins.

 

Mesenchymal Stem Cells Market With Business Strategies And Analysis To 2028

 The global mesenchymal stem cells market size to reach USD 2,518.5 Million by 2026, growing at a CAGR of 7.0% during forecast period, according to a new research report published by Polaris Market Research. The report ‘Mesenchymal Stem Cells Market, [By Source (Bone Marrow, Umbilical Cord Blood, Peripheral Blood, Lung Tissue, Synovial Tissues, Amniotic Fluids, Adipose Tissues); By Application (Injuries, Drug Discovery, Cardiovascular Infraction, Others); By Region]: Market Size & Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. The market was valued at USD 1,335.1 million in 2017. In 2017, the drug discovery application dominated the market, in terms of revenue. North America region is observed to be the leading contributor in the global market revenue in 2017.

 

are adult stem cells, which are traditionally found in the bone marrow. However, they can also be parted from other available tissues including peripheral blood, cord blood, fallopian tube. These stem cells mainly function for the replacement of damaged cell and tissues. The potential of these cell is to heal the damaged tissue with no pain to the individual. Scientists are majorly focusing on developing new and innovative treatment options for the various chronic diseases like cancer. Additionally, the local governments have also taken various steps for promoting the use of these stem cells.

 

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The major key players operating in the industry are Cell Applications, Inc., Cyagen Biosciences Inc. Axol Bioscience Ltd., Cytori Therapeutics Inc., Stem cell technologies Inc., Celprogen, Inc.  BrainStorm Cell Therapeutics, Stemedica Cell Technologies, Inc. These companies launch new products and undertake strategic collaboration and partnerships with other companies in this market to expand presence and to meet the increasing needs and requirements of consumers.

 

The significant aspects that are increasing the development in market for mesenchymal stem cells consist of enhancing need for these stem cells as an efficient therapy option for knee replacement. Raising senior populace throughout the world, as well as increasing frequency of numerous persistent conditions consisting of cancer cells, autoimmune illness, bone and cartilage diseases are elements anticipated to enhance the market development throughout the forecast period.  The mesenchymal stem cells market is obtaining favorable assistance by the reliable federal government policies, as well as funding for R&D activities which is anticipated to influence the market growth over coming years. According to the reports released by world health organization (WHO), by 2050 individuals aged over 60 will certainly make up greater than 20% of the globe’s population. Of that 20%, a traditional quote of 15% is estimated to have symptomatic OA, as well as one-third of these individuals are expected to be influenced by extreme specials needs. Taking into consideration all these aspects, the market for mesenchymal stem cells will certainly witness a substantial development in the future.

 

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Increasing demand for better healthcare facilities, rising geriatric population across the globe, and continuous research and development activities in this area by the key players is expected to have a positive impact on the growth of Mesenchymal Stem Cells market. North America generated the highest revenue in 2017, and is expected to be the leading region globally during the forecast period.  The Asia Pacific market is also expected to witness significant market growth in coming years. Developing healthcare infrastructure among countries such as China, India in this region is observed to be the major factor promoting the growth of this market during the forecast period. 

 

5G Chipset Market With Business Strategies And Analysis To 2028

 The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research. 5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market.

 

Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market. In addition, several industrial verticals have jolted globally resulting in a significant slowdown of production and therefore, incorporating of 5G chipset & its demand has impacted in the market.

 

In 2019, the Sub-6 GHz segment accounted for the highest market share. The growing need for fast data networks capable of delivering higher bandwidth supports the growth of this segment. Increasing investments in development of 5G networks, along with technological advancement in telecommunication industry is expected to drive market growth during the forecast period. The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.

 

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The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others. The consumer electronics segment accounted for a significant share in 2019 owing to growing adoption of smart phones and other mobile devices, rising disposable income, and introduction of low-cost smartphones. The demand from the automotive sector is expected to increase during the forecast period. Increasing development of connected cars, and investments in research and development of smart and self-driving cars boosts the market growth. Use of 5G and IoT in transportation sector for fleet management, parking management, logistics management, and automotive analytics result in improved traffic management, optimized fuel usage, and efficient travel routes.

 

The demand for application-specific integrated circuits is expected to be high during the forecast period. The increasing adoption of 5G chipsets enables businesses to connect devices to the internet at a growing pace. Large amounts of data generation coupled with analytics capabilities is expected to generate insights and automate processes at workplaces and businesses, driving the growth of this segment. The adoption of 5G chipsets would provide a more connected and smarter world, enabling high speed data services, increased productivity, and improved overall efficiency. These circuits enable collaboration between connected industrial ecosystems, humans, and machines leading to greater productivity and more engaging work experiences.

 

Asia-Pacific accounted for a significant share of the global 5G chipset market in 2019. The rising adoption of smart technologies, IoT, automation, and artificial intelligence across industries such as retail, healthcare, transportation, and manufacturing boost the market growth in Asia-Pacific. Growing population, rising penetration of mobile device, and integration of smart technologies for increased operational efficiency supports market growth. There have been have significant investments in development of 5G enabled networks to support the emerging industries such as telecommunication, automotive, and energy & utilities in the region.

 

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Increased demand for smart manufacturing & adoption of 5G chipset components mainly in emerging economies such as China, Japan, and India are fueling the market growth over the forecast period. Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions. Therefore, the demand for 5G chipset in the manufacturing processes are becoming major growth factor over the forecast period.

 

Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc.

 

Key players in the market are focusing on launching new products & developing existing offering and have adopted various strategies to expand their foothold in the market. For instance, Nokia and Broadcom has collaborated on the development of silicon technology processor by expanding range of 5G ReefShark chipsets portfolio. Power consumption is also reduced in ReefShark chipsets. Recently, Taiwanese based chipmaker MediaTek Inc. launched Dimensity 720 5G chipset fully integrated into 7 nm SoCs (system-on-chips) for premium 5G experience for mid-range smartphones while supports both standalone and non-standalone sub-6GHz networks. Owing to technological advancements, and growing need to improve secure communication, companies operating in the market are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry.

 

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Smart Fleet Management Market Size, Outlook, Key Prospects And Future Growth

 According to a new research published by Polaris Market Research the worldwide smart fleet market is anticipated to reach around USD 629.5 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.

 

The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency, and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.

 

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North America is expected to lead the global Smart Fleet market during the forecast period. Significant investment by organizations to improve the fleet operations coupled with favorable regulations regarding transportation safety drive the growth of smart fleet in this region. Technological advancement and introduction of advanced smart fleet systems by the market players has increased the acceptance of smart fleet systems in the region. Asia-Pacific Smart Fleet Market is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in increasing fleet efficiency. Expansion of global players into these countries to tap market potential boosts the market growth.

 

The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.

 

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The well-known companies profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited, Harman International Industries, Inc., Globecomm Systems, Inc., and Globecomm Systems, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Smart Bathroom Market Size, Recent Advancement & Scope Top Trends

 The global Smart Bathroom Market size is anticipated to reach USD 9775.4 million by 2026, according to a new study published by Polaris Market Research. In 2017, the smart toilet segment dominated the overall market followed by touchless faucets. The North American region dominated the global market, in terms of revenue in 2017.

 

The growing demand for automation along with increasing costs associated with energy use increases the demand for Smart Bathroom solutions. The increasing integration of smart bathrooms in the development of smart homes, along with government regulations regarding energy use and emissions support the market growth. The rising adoption of Internet of Things (IoT), and smart devices boosts the adoption of smart bathroom solutions.  Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and adoption of home automation solutions. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for Smart Bathroom industry in the coming years.

 

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There has been an increasing use of digital faucets to conserve water and energy. Digital faucets decrease tap flow and manage digital temperature-control settings, conserving money and water. It uses infrared tap technology to monitor the user and turn off upon sensing removal of user’s hands from under the faucet. It uses programmable features, such as timed shower setting or a teeth-brushing option that runs for an allotted time frame.

 

 

Google has filed patents to enhance its offerings in this industry. The patents exhibit toilet seats and bath mats with embedded sensors with the capability to measure heart rate and body electrical patterns. It also describes a non-invasive camera in the bathroom mirror to detect skin color. These features provide health updates to users to monitor health regularly.

 

The primary factors driving the market growth in the North American region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the market in North America. The increasing concerns regarding personal hygiene, high disposable incomes, increasing development of smart homes, and growing adoption of connected devices and IoT further increase the demand of Smart Bathrooms in the region.

 

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The well-known companies profiled in the smart bathroom market report include Toto Ltd, Masco Corporation, Kohler Co., Duravit AG, Roca Sanitario S.A, Bradley Corporation, American Standard Brands, Cera Sanitaryware Ltd., Delta Faucet Company, and LIXIL Group Corporation. These companies launch new products and collaborate with other market leaders in the smart bathroom industry to innovate and launch new products to meet the increasing needs and requirements of consumers.

Breathalyzer Market Size, Recent Advancement & Scope Top Trends

 The global breathalyzer market size is expected to reach USD 1.10 billion by 2027 according to a new study by Polaris Market Research. The report “Breathalyzer Market Share, Size, Trends, Industry Analysis Report, By Product Type (Active, Passive); By Technology (Fuel Cell, Semiconductor Oxide Sensor, Others); By Application (Alcohol Detection, Drug Abuse Detection, Disease Detection, Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Breathalyzer refers to the device used to estimate alcohol content in the blood from the breath sample. Apart from detecting alcohol content in the blood, breathalyzer is also used to detect diseases and ensure wellness. For instance, breathalyzer can be used to detect how the diseases may alter the metabolomics of the body.

 

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As breathalyzers can analyze the metabolic changes in the body, they can also detect weight gain or loss and nicotine level in one’s body. As a result, breathalyzer is expected to be an effective technique for physical wellness and prevention of diseases. This is likely to complement the demand for the product over the forecast period.

 

The prominent factors favoring the market growth include substantial funding raised by the companies to boost manufacturing of the product owing to the recent technological advancements. Furthermore, increasing adoption of breath analyzers across various applications such as alcohol level testing, detection of weight gain, and intoxication level due to cannabis consumption is anticipated to contribute to market growth.

 

In August 2019, Hound Labs Inc. raised approximately USD 30 million for boosting the manufacturing and commercialization of the dual alcohol and marijuana breathalyzer. Additionally, in June 2018, Owlstone Inc. developed ReCIVA breath sampler or breath analyzer to analyze the content of Volatile Organic Compounds (VOCs) for detection of lung cancer.

 

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Furthermore, funding raised by the governments across the countries for development and deployment of advanced breath analyzers is likely to complement market growth. In June 2018, the government of United Kingdom (UK) raised a funding of about USD 453,740 (£350,000) to boost competition among the companies in the country to develop a novel mobile breathalyzer. Such key initiatives are likely to drive demand over the coming years.

 

 

Companies such as BACtrack Breathalyzers (KHN Solutions LLC), Dragerwerk AG, Quest Diagnostics, Intoximeters, Alcolizer, Lifeloc Technologies, Thermo Fisher Scientific, TruTouch, uVera Diagnostics, Alere Inc.. are some of the key players operating in the global market.

 

Players in the market are focusing on product development and innovation along with strategic collaborations to boost their product portfolio while also strengthening their position in the market through geographical expansion. Furthermore, in December 2019, Digital Ally Inc. collaborated with Lenexa to boost the manufacturing of a novel breathalyzer.

 

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Aluminum Foil Packaging Market Size, Recent Advancement & Scope Top Trends

 The global aluminum foil packaging market size is expected to reach USD 50.94 billion by 2028 according to a new study by Polaris Market Research. The report “Aluminum Foil Packaging Market Share, Size, Trends, Industry Analysis Report, By Type (Flexible, Rigid); By Printing Type (Printed, Unprinted); By Product (Wraps & Rolls, Containers, Bags & Pouches, Blister Packs); By End-Use (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Consumers are increasingly demanding easy and hassle-free packaging for products. Market players are introducing aluminum foil packaging designs that are effortless, hassle-free to open as well as reseal for convenient returns. The increase in online retail and growing demand for convenience food and ready-to-eat meals is expected to accelerate market growth during the forecast period.

 

 

Foil packaging assists in enhancing brand power for global brands and offers an effective method to compete with private labels and emerging local players. Growth in digitalization offers consumers access to vast and detailed information. Communicating brand values effectively and enabling product differentiation is a major factor driving the growth of the concerned foil packaging market.

 

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The different printing types used in the global market include printed aluminum foil and unprinted aluminum foil. There has been an increasing demand for printed aluminum foil packaging in recent years. Large brands are focusing on personalized and customized aluminum foil to create an impact and consumers and enhance brand awareness. Packaging can provide links to information about the product, both enhancing the product and providing details about its provenance.

 

The demand for flexible foil packaging is expected to increase during the forecast period owing to their relatively low cost, stiffness, and hygiene. Flexible foil is majorly used for the wrapping of food products such as dried food, prepared meals, and savory snacks. Flexible wraps and pouches are widely used in fast-food restaurants and coffee shops for savory snacks and baked products.

 

n the basis of product, the market is segmented into wraps and rolls, containers, bags and pouches, blister packs, and others. In February 2019, i2r Packaging Solutions introduced an aluminum smooth wall tray to be used by the food packaging industry. The product is called ‘i2r Ultra’, which is an embossed aluminum tray designed to increase stress resistance, decrease environmental impact, and reduce costs. The tray is developed with specialist rib and base configuration to offer improved structural strength and reduced weight.

 

 

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The market is segmented into food and beverage, personal care & cosmetics, pharmaceutical, and others based on end-user. The food and beverage segment accounted for a major share in the global aluminum foil packaging industry in 2020. The increasing need to protect packaged goods and public health while handling food & beverages has increased the demand for aluminum foil across the globe. Brands operating in the industry are taking initiatives to offer brand differentiation and value to the consumer, while also providing necessary information about the packaged goods.

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. There has been an increasing demand for aluminum packaging for packaged food and beverages, cosmetics, toiletries, and electronics in the region. The increasing population, growing inclination of consumers towards beauty trends and concerns, and introduction of innovative personal care products in the market at competitive prices by players further augment the demand.

 

Other factors driving the market include improving lifestyles and increasing disposable income, especially in countries such as China and India. Growing demand from the pharmaceutical industry and the growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years.

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market.

 

Some of the major market participants include Aleris Corporation, Carcano Antonio S.p.A., Constantia Flexibles, Amcor Limited, Hulamin Limited, Plus Pack SAS, Nicholl Food Packaging Ltd, China Hongqiao Group Limited, Eurofoil Luxembourg S.A., Zenith Alluminio Srl, Hindalco Industries Limited, United Company RUSAL PLC, Novelis Aluminum, Coppice Alupack Ltd., Reynolds Group Holdings Limited, JW Aluminum, and Aliberico S.L.U.

 

Butane Market Size, Recent Advancement & Scope Top Trends

  The global burn care centers market size is expected to reach USD 33.03 billion by 2028 according to a new study by Polaris Market Research. The report “Burn Care Centers Market Share, Size, Trends, Industry Analysis Report, By Facility Type (In-house, Standalone), By Treatment Type; By Severity (Minor Burns, Partial Thickness Burns, Full Thickness Burns); By Service Type (Inpatient, Outpatient, Rehabilitation); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In 2020, the in-patient type market segment accounted for the largest share of the burn care center industry and is expected to witness the fastest market growth rate over the forecast period, owing to the rise in mass casualties in fire and the continuously rising mortality rate across the globe. Though in-patient stay is not rising at a significant pace in a few of the countries, its high cost of treatment has largely contributed to its high market revenue share in the burn care centers industry. As per the study done by the World Health Organization, in 2018, countries such as China, UK, Bulgaria, Canada, South Korea, U.S., Sweden, Singapore, Hong Kong, and Mexico have witnessed the rise in the incidence of fire-related events.

 

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Market participants such as The MetroHealth System, Chelsea & Westminster Hospital, Pediatric Burn Care Center, University of Rochester Medical Center, Burn and Reconstructive Centers of America, National Burn Center (India), North Bristol NHS Trust, and University of Washington Regional Burn Center are some of the key players operating in the market for burn care centers.

 

Companies in the marketplace are launching innovative therapies to address unmet medical needs in severe burn care management. For instance, in May 2019, Israel-based MediWound Ltd signed an exclusive supply agreement with Vericel Corporation to commercialize its product NexoBrid in the U.S.

 

Product is topically administered biologic to remove scars in people with deep and thick injuries. The product was already approved in the EU and other markets. According to the company’s claims, NexoBrid is considered an excellent strategic fit to capture a larger share in the U.S market for burn care centers.

 

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Polaris Market research has segmented the burn care centers market report on the basis of facility type, treatment type, severity, service type, and region:

 

Burn Care Centers, Facility Type Outlook (Revenue – USD Million, 2016 – 2028)

• In-house
• Standalone

Burn Care Centers, Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)

• Wound Debridement
• Skin Graft
• Traction, Splints, Wound Care
• Respiratory Intubation and Ventilation
• OTC Pain Medications and Bandages
• Blood Transfusion
• Prophylactic Vaccinations and Inoculations
• Rehabilitation

Burn Care Centers, Severity Outlook (Revenue – USD Million, 2016 – 2028)

• Minor Burns
• Partial Thickness Burns
• Full Thickness Burns

Burn Care Centers, Service Type Outlook (Revenue – USD Million, 2016 – 2028)

• Inpatient
• Outpatient
• Rehabilitation

Burn Care Centers, Regional Outlook (Revenue – USD Million, 2016 – 2028)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Butane Market Size, Outlook, Key Prospects And Future Growth

 The global butane market is estimated to reach USD 125.7 billion by 2026 growing at a CAGR of 7.3% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Butane Market Share, Size, Trends, & Industry Analysis Report, [By Application (LPG {Residential/Commercial, Chemical/Petrochemicals, Industrial, Autofuels, Refinery, Others}, Petrochemicals, Refinery, and Others), By Regions: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

Butane is a natural gas liquid is a refinery product with feedstock such as naphtha and coal. The global butane market is primarily driven by increased utilization of liquefied petroleum gas (LPG). Butane showcases properties such as easy liquefiable and high flammability and is thus increasing used in fuel manufacturing and blending. It is also used widely is in the production of petrochemical manufacturing.

 

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Rising demand for economical fuel among consumers, especially in the developing nations has led to increased demand of butane. Increasing consumer income and rural development in several nations have resulted into awareness and shift in consumer preference towards use of LPG cylinders in residential applications. Moreover, use of LPG has also reduced dependency on the forest products for combustion purposes. LPG is also used widely in many developed countries for fuel and residential applications.

 

In addition to the above, favorable regulatory policies and government subsidies have also significantly contributed to the growth of LPG consumption and thus directly impacting the butane market positively. In countries such as India, the government subsidizes LPG cylinders as per the number of cylinders per household. Moreover, there a number of schemes introduced for providing LPG accessibility to the rural consumers. All these parameters have collectively contributed to the increased consumption of butane.

 

Butane is also extensively used in refinery applications and chemical production. Some other butane applications with minor market shares include industrial drying/heating applications and engine fuel. In the U.S. tight oil and shale gas extraction have competitive edge over butane production in comparison to the rest of the world. This is due to the geographical feature and more developed pipeline infrastructure for butane transportation.

 

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The butane price witness price volatility as it is a refinery product and its pricing depend on the crude oil prices. Leading producing regions for butane include U.S. and the Middle East. Northeast Asia and China also are significant consumers and producers of natural gas liquids including both butane and propane. Economic development of the developing Asian countries has led to significant consumption of butane in end-use sectors such as automobile and petrochemical.

 

The global butane market constitutes international and national market players which are majorly governing the oil & gas sector. It comprises of both public and private players globally. Some of the significant market players in the butane industry include Exxon Mobil Corporation, British Petroleum, Royal Dutch Shell, Total S.A., China National Petroleum Corporation (CNPC), and China Petroleum and Chemical Corporation (SINOPEC).