Luxury Furniture Market Statistics, Growth Prediction, Competitive Research And Outlook till 2022

September 07, 2021: The global luxury furniture market is anticipated to reach $28.60 billion by 2022 at a CAGR of 3.7% in the forecast period. The key factors affecting the growth of this sector is disposable income. The growth of the luxury furniture sector is directly proportional to the adoption of e-retailing methods to reduce the operating expenses in sales & distribution and growth of real estate industry. The real estate sector has shown a significant slowdown in the 1st half of 2017.

However, the market is expected to grow with the moderate speed. Development of the real estate industry for commercial as well as the residential place would push the luxury furniture market forward. Also, the development is coupled with the change in lifestyle of the consumers, especially in urban areas due to increase in disposable income. However, the growth can be hampered by the increasing expenses for a raw material required, the design of furniture and the lack of skilled workforce.

Raw Material Insights

By raw material, the luxury furniture market is categorized into plastic, metal, wood, glass, leather, and others. Mahogany, Teak, Jackfruit, Cedar and Redwood trees are the primary sources of raw material. The increase in the cost of materials, such as wood, leather, and stones, may restrain the market growth.

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Consumers are inclined toward eco-friendly furniture due to the increased environmental awareness. Also, the companies are concerned about their carbon footprints and now started to offer eco-friendly alternatives which are possible due to technology and innovative ideas of designers such as marble, stone, plastic, and metal. Moreover, these materials have high durability and low maintenance cost.

End-use Insights

Luxury furniture is used for commercial as well as domestic purpose. The domestic sector contributes nearly two-third of the global luxury market revenue. In the domestic sector, living and bedroom dominated the rest of the segments by the returns in 2014 due to the consumers that are specific in the purchase of exact and precise kind of furniture to give an attractive and aesthetic look to their bedroom and living room.

Lighting products add to the mood and ambiance in the living & bedrooms, kitchen, bathrooms and outdoors. This has shaped an optimistic situation for lighting furniture, as an outcome, it is gaining admiration among consumers and is estimated to witness substantial growth.

Service segment contributes the largest share of the revenue in the commercial sector. Consumption of luxury furniture in the service sector is expected to grow at a higher pace to provide a better service experience to the customers. Gyms, hotels, restaurants install luxury furniture following the rise in market demand significantly. Modern, as well as Traditional designs, are receiving admiration thus driving towards the growth in this segment.

Regional Insights

Europe dominates the global furniture market, followed by North America. Asia Pacific is expected to witness the fastest growth with a lucrative CAGR of 5.5% due to a rapid increase in per capita income and rapid growths in the real-estate industry in Asia Pacific countries such as China and India, which in turn opens up prominent opportunities for the sector during 2014-2022. Companies of manufacturing semi-finished wood furniture in Europe represents mainly the upstream group of the value chain. Revenue generated by Europe is estimated at $7329. 8 million in 2014.

China has emerged as the largest and fastest emerging furniture market in Asia Pacific, vastly driven by the increase in the living standards and disposable income.

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Competitive Insights

The luxury furniture companies, mainly compete on the aspect of aesthetic values. New products and innovative design/material are the key strategy adopted by the companies. Major companies are using an e-commerce platform to reach the customers more effectively and efficiently and also increase their customer base. Besides this, many luxury furniture companies are associating up with designers to develop and launch a luxury range.

Key players: Valderamobili s.r.l, Laura Ashley Holding Plc, Giovanni Visentin s.r.l., Duresta Upholstery Ltd, Nella Vetrina, Turri S.r.l. Muebles Pico, Scavolini S.p.a., Henredon Furniture Industries Inc., Turri S.r.l.

Market Segment:

Global Luxury Furniture Outlook, By Material (Market Revenue in USD Million, 2012 - 2022)

       • Wood

       • Metal

       • Glass

       • Leather

       • Plastic

       • Others

Global Luxury Furniture Outlook, by End-use (Market Revenue in USD Million, 2012 - 2022)

       • Domestic use

              • Living & Bedroom

              • Kitchen

              • Lighting

              • Outdoor

              • Bathroom

       • Commercial use

              • Hospitality

              • Office

              • Others

Global Luxury Furniture Regional Outlook (Revenue, USD Million, 2012 - 2022)

       • North America

       • Europe

       • Asia Pacific

       • RoW

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Laser Processing Market Outlook, Competitive Strategies Analysis and Forecast Report till 2025

September 07, 2021: In the year 2015 the global laser processing market was sized at $10.36 billion and is estimated to grow at a significant rate due to the increase in material processing applications. Precise and accurate operations of industrial processes are achieved by implementing the laser technology in manufacturing.

The regulations and the norms set by the governments are expected to positively affect the growth of laser processing market in next few years. Due to their increased usage in various applications ranging from marking, cutting to welding, drilling, engraving the technology all set to witness tremendous growth in during the forecast period.

The strict directives set by the governments on the usage of laser technology in marking and its increased use in the growing field of medical surgeries and devices is expected to drive the laser processing market in the near future.

Product Insights

The products related to laser technology consist of fiber, gas and solid-state lasers. Gas segment consists of nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and argon-ion lasers.

Solid state lasers are further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped Nd, YVO4 lasers and large sized lasers in end or side pumped configuration. Manufacturers are benefitted by the use of fiber lasers with their use in the manufacturing technology which acts as a driver fir the market.

Varied field applications in the fields such as aerospace, machine tools, automotive, medical and packaging is estimated to fuel the global laser processing market over the forecast period.

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Process Insights

Laser processing segment consists of marking and engraving, material processing and micro-processing. This section comprises of all the major factors of laser and material processing involving implementation of laser beam welding, hybrid processes, micro drilling, surface modifications, ablation of bulk material and coatings, cutting & machining direct manufacturing and so on.

Crude oil extraction that involves mainly mining and drilling activities is largely benefitted by laser technology. Aerotech offers development in main areas such as mechanics, laser controls and controls. They also aid the system integrators, OEMs, end users using processes such as cutting systems, marking, welding, etching and marking systems.

Furthermore, the engagement of laser technology with water-jet cutting technology in smooth surface with narrow cuts, increases the overall efficiency subsequently fuelling the market growth over next few years.

Application Insights

Application segment mainly includes OEMs, Automotive, electronics and microelectronics, aerospace, medical and packaging. Rise in the rate of adoption of laser in various industrial applications such as cutting, welding, drilling engraving and various material processing activities is expected to drive the market to new growth heights in the next few years particularly due to extensive use of this technology as machine tools.

The ever increasing demand in the fields of microelectronics and medical sector is expected to drive laser processing growth. Key role is played by the process of welding the medical applications primarily such as implantable devices, pacemakers, surgical tools which involve non-porous and ultra-fine sterile surfaces which are implemented in cardio logical processes.

Emerging applications in the fields of oil and gas and automotive sector will fuel the growth of laser technology along with the increase in the usage of machine tools over the next few years. Moreover, high speeds offered by laser cutting, improves the quality of cutting edges and provides the material in automotive segment with low-heat operation.

Regional Insights

Largest market share was accounted by the Asia-Pacific region in the year 2015 consuming over 30% of overall revenue. It is expected to witness substantial growth due to the rising number of OEMs in this region. Moreover, key consumer of industrial laser and subsystems is expected to be China which is raising its applications in material processing and micro processing.

Regulations set by governments that lay permanent and clear paths for the use of laser processing are also expected to drive the growth of laser processing technology across several regions. Additionally, the growing automotive sector in the European region with rising adoption of laser processing are expected to boost the demand of this technology over the forecast period.

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Competitive Insights

Few major global players present intense competition which essentially is the characteristic of the market. These key players hold a majority of the market share. New product developments and research procedures are undertaken by firms so that newer business opportunities are available in front of them.

Universal Laser Systems is the firm that provides products to the military branches and security agencies for custom parts fabrication, asset management and other security and production uses. Naval bases, Air bases and military bases all over the world use this technology. Major players in the market are LaserStar Technologies, Amanda Co. Ltd., IPG Photonics Corporation and Newport Corporation.

Market Segment:

Laser Processing Product Outlook (Revenue, USD Million; 2014 - 2025)

       • Gas Lasers

       • Solid-state Lasers

       • Fiber Lasers

       • Others

Laser Processing Process Outlook (Revenue, USD Million; 2014 - 2025)

       • Material Processing

       • Marking and Engraving

       • Micro-Processing

Laser Processing Application Outlook (Revenue, USD Million; 2014 - 2025)

       • Automotive

       • Aerospace

       • Machine Tools

       • Electronics and Microelectronics

       • Medical

       • Packaging

Laser Processing Regional Outlook (Revenue, USD Million; 2014 - 2025)

       • North America

              • U.S.

              • Canada

       • Europe

              • UK

              • Germany

              • France

       • Asia Pacific

              • China

              • India

              • Japan

       • Latin America

              • Brazil

              • Mexico

       • The Middle East & Africa

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Technical Ceramics Market Share, Segments, New Opportunity, Outlook And Top Players till 2024

September 06, 2021: The global technical ceramics market size is expected to value at USD 134.58 billion by 2024, during the forecast period. The market is subject to witness a substantial growth due to cost-effectiveness associated with the use of advanced ceramics products and longer life cycle, and growing competition in the market. Growing demand of the advanced ceramics or technical ceramics in the automotive sector is one of the key factor propelling the market growth in recent years.

The adoption of the technical ceramics mainly in the developing countries along with expansion of the automobile industry in the region owing to the recent economic growth are spiraling the market demand for the technical ceramics industry over the forecast period. The adoption of the technical ceramics as an alternative to the plastics and metals in automotive and healthcare market segment is attributing to the advancement of the market. Globally, the market is predicted to grow at high CAGR in forecast period, providing numerous opportunity for market players to invest for research and development in the technical ceramics market.

The growing awareness about the benefits offered with the use of the technical ceramics over the conventional products are driving the demand for the technical ceramic market in coming years. The advantage associated with the use of the technical ceramics are bio-degradability, durability, reliability, and superior tensile strength. Most of technical ceramics are eco-friendly in nature in comparison with conventional materials, and stringent governmental regulation to limit environmental hazards with use of traditional materials such as plastics is fueling the growth of the technical ceramics during the forecast period. The application of technical ceramics has found its way in the electronic and electrical industry as well. Growing use of the electronic devices by consumers will further push market demand of technical ceramics.

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Excessive adoption of the coated machinery materials, along with shifting inclination towards technical coatings by consumers and recent developments in various deposition processes, are opening numerous potential opportunities for the technical ceramics industry in coming years. Some of the critical factors associated with market limitation are numerous governmental regulations in regards to the environmental impact and growing competition from other types of materials.

The technical ceramics are also referred as engineering ceramics or industrial ceramics or advanced ceramics. Technical ceramics are considered as highly-sophisticated ceramics consisting of distinctive characteristics such as mechanical, electrical, thermal and bio-chemical that are suitable for various industrial applications.

The highly-specific properties associated with technical ceramics are further boosted and optimized to meet the required technical requirements during the industrial applications. Combination of the mechanical, bio-chemical, electrical and thermal properties to design and create advanced set of components that are capable of performing required set of the task with high accuracy makes it an ideal alternative to the traditional materials similar to metal and plastic in the respective field of application. Technical ceramics are capable of overcoming technical challenges remain unsolved with the use of traditional materials.

Few of the highly advanced properties associated with the technical ceramics are wear resistance, high temperature resistance, erosion resistance, and bio-compatibility. The distinct characteristics of the technical ceramics makes it an ideal choice for various industry application such as automobile sector, electrical industries, healthcare sector, power & energy industries and mechanical engineering.

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The technical ceramics market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the use in the environmental and medical sectors and growing emphasis on research for new product development. Asia-Pacific region is predicted to hold major market share in the technical ceramics industry with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific’s market with growing competition in manufacturing, reduced costs, rising economic growth in the region, and constant demand in the end-user industries. The key players in the technical ceramics market are Kyocera Co., CeramTec Co., Morgan Advanced Materials Inc., McDanel Co., and Saint-Gobain Ceramic Materials.

Market Segment:

Material Outlook (Revenue, USD Million; 2013 - 2024)

    • Alumina ceramics

    • Titanate ceramics

    • Zirconate ceramics

    • Ferrite ceramics

    • Aluminum nitride

    • Silicon carbide

    • Silicon nitride

Product Outlook (Revenue, USD Million; 2013 - 2024)

    • Monolithic ceramics,

    • Ceramic coatings

    • Ceramic Matrix Composites

Application Outlook (Revenue, USD Million; 2013 - 2024)

    • Electrical equipment

    • Catalyst supports

    • Electronic devices

    • wear parts

    • Engine parts

    • Filters

    • Bioceramics

    • Others

End-use Outlook (Revenue, USD Million; 2013 - 2024)

    • Electrical & electronics

    • Automotive

    • Machinery

    • Environmental

    • Medical

    • Others

Regional Outlook (Revenue, USD Million; 2013 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • MEA

        • Saudi Arabia

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Tunable Diode Laser Analyzer Market Key Insights, Opportunity, Competitive Landscape, Challenges And Forecast till 2024

September 06, 2021: The global tunable diode laser analyzer market was valued at USD 367.2 million in 2015. A tunable diode laser analyzer is a modern device which is used to diagnose the sample gas concentration. This calibrating device helps to identify the amount of carbon dioxide, water vapor, methane, and various gaseous mixtures with the help of irradiation of the sample by using light from a tunable diode laser.

Tunable diode laser analyzers are largely used to measure the composition of industrial emissions to detect harmful gasses which include oxides of carbon and nitrogen as well as oxygen and water. It uses accurate, and highly responsive measuring signals for process control systems thus helps to improve yields, safety, and energy efficiency in various industrial processes. TDLAs works by measuring the amount of light that is absorbed as it travels through the gas being measured. The absence of moving parts and sensor contact involved in the process leads the analyzers to have low rates of failures and a long-term low cost of ownership.

The key market driver for tunable diode laser analyzer is the increasing demand for the measuring harmful gasses in emissions and growing concerns with respect to the effects of gases which are hazardous in the areas such as mines and industries or gas and oil fields. Moreover, TDLAs are largely used across applications in hydrocarbon processing and power generation.

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Merchants are offering tunable diode analyzers which are compact and effectively serve to an area of industry applications. This optical analyzer measures the flue gas, process gas, analysis of analysis throughout downstream, upstream and midstream activities. However, high R&D costs, as well as the lack of awareness about such advanced technology, are expected to challenge the industry growth. The growth prospects of the industry may get hamper over the next eight years due to the low prices of competitive technologies for analyzing gas like evolved gas analyzers, and thermal & infrared gas analyzers.

Measurement type Insights

TDLAs market is segmented on the basis of methods such as In-situ and others. Others include extractive methods. TDLA detect and measures the concentration of gas even at a very low level of. Improved TDLAs give actual information about the chemical composition of gaseous composition with the help of in-situ measurements. Such in-situ measurement-type TDLAs gives greatly accurate and correct analysis; thus eradicating the need for extraction of the sample and its conditioning. The in-situ type is a market leader and accounts for 65%. In addition, it is anticipated to be a leading segment throughout the forecast period.

The extractive method involves extraction of a sample stream from the process and then transferring it to a conditioning system before its measuring and analyzing. There are very few cases where the sample was taken cannot be moved directly to an analyzer. It requires conditioning that may change the properties of sample gas thus leads to the errors in making process decisions. The above-mentioned issues and lack of accuracy in measurement associated with Extractive measurement methods are driving the adoption of the in-situ measurement method. Hence, it holds the major share in the market.

Application Insights

TDLAs have applications in an industry which include Oil & Gas, Cement, Healthcare, Paper & Pulp Chemicals, Fertilizers, Mining & Metal and Power.

The oil & gas industrial segment dominated the global TDLA demand and was valued at over USD 85 million in 2015 which can be associated with the rising demand for the complex hydrocarbon gas detection and low concentration gas detection across processing activities in petrochemical industry and oil fields.

TDLAs have applications in LNG plants and natural gas to easily detect and remove the moisture present in the gas streams between various processes. The measuring the moisture content is crucial for petrochemical companies to meet the quality specifications and to protect the corrosion of pipelines. In addition, TDLAs are also used for the detection of corrosive sulfur compounds in refineries, which may incur the high cost of operation and maintenance for the process infrastructure.

TDLAs application in the healthcare industry is expected to see a substantial growth in the demand over the next decade. The segment is estimated to grow the fastest at a CAGR of over 9% over the forecast period.

Regional Insights

Due to the increasing industrialization, the Asia Pacific region is anticipated to come as a predominant market which accounts for over 35% of the global demand for TDLA devices in 2015 and growing at a CAGR of over 10% over the forecast period.

Developing economies, such as China and India, are anticipated to see the growth in different industries which includes metal & mining, pulp & paper, power generation, and cement, which provides the base for the installation of TDLAs over the traditional analyzing devices. Stringent industrial emissions norms and regulations by the Environmental Protection Agency in the U.S. are expected to drive the demand for advanced TDLAs in the region.

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Competitive Insights

The market participants in the global tunable diode laser analyzer market include Yokogawa Electric Corporation, Servomex, Siemens AG, Honeywell International Inc., Sick AG, Emerson Process Management, ABB Ltd., Neo Monitors, Mettler Toledo, and Ametek Process Instruments. Among these ABB, Siemens and Yokogawa hold significant market share.

Market Segment:

Tunable Diode Laser Analyzer Measurement-Type Outlook (Revenue, USD Million, 2013 - 2024)

        • In-situ

        • Others

Tunable Diode Laser Analyzer Industrial Application Outlook (Revenue, USD Million, 2013 - 2024)

        • Power

        • Oil & Gas

        • Mining & Metal

        • Healthcare

        • Chemicals

        • Fertilizers

        • Paper & Pulp

        • Cement

        • Others

Tunable Diode Laser Analyzer Regional Outlook (Revenue, USD Million, 2013 - 2024)

        • North America

        • Europe

        • Asia Pacific

        • RoW

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Pen Needles Market Share, Segments, New Opportunity, Outlook And Top Players till 2025

September 06, 2021: The global pen needles market was valued at USD 1.5 billion in 2015, which is projected to grow at a CAGR of more than 13.0% during the forecast period. Rising prevalence of diabetes has led to the rise in demand of pen needles. According to the WHO, in 2014, 422 million people had diabetes and it is estimated that it would be the 7th leading cause of death in 2030. With the increase in population of this disorder, the market is estimated to grow rapidly over forecast period. The rising number of overweight or obese people also contributes to the growth of the market. According to the Diabetes. Co. UK, obesity accounts for 80% to 85% chances of developing type 2 diabetes. Excess abdominal fat, increases the chances of having this type of disorder.

Pen needles helps in easy delivery of drug to the patient. They are used in conjunction with insulin pens because of its accuracy in dosage delivery and can be easily used visually impaired and elderly people.

Technological advancements in pen needles are further expected to drive market growth. The market players are majorly focusing on developing new products with respect to the length of the needle. Short length pen needles can be easily used by everyone including overweight, children, and the patient with phobia of needles. For instance, in 2014, Novo Nordisk made NovoFine Plus, the thinnest and shortest needle commercially available in the U.S.

Pen needles when used in conjunction with insulin pens provide easy and convenient drug delivery process when compared to the traditional method of syringes and vials. Syringes are comparatively large and create difficulty in self-administration. On the contrary, pen needles have pointed tips, which penetrate easily into the muscle of the patient. It eliminates the risk of needle stick injuries.

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In 2016, standard needles held the largest market share because of its daily usage by diabetic patients. People with dexterity and visually impaired patients use these products because it has a clear screen with clicks that are easy to hear and ensures that proper dosage is administered. However, these are expected to witness slow growth in near future owing to the high risk of needle stick injuries restricting the safe applicability of pen needles. Rising number of diabetes patient, cost effectiveness, and rising awareness level regarding the usage of these products contribute to the growth of this segment.

Safety pen needles are anticipated to witness attractive growth over the forecast period due to the growing technological advancements in this field. It helps to minimize the risk of needle stick injuries amongst patients. For instance, BD AutoShield Duo pen needle, has shields over front and back ends of needles and does not require pinch up, thus, reducing the risk of needlestick injury.

Needle Length Insights

Based on the length of the needle, 8mm sized pen needle dominated the market in 2016. All people along with those suffering from obesity commonly use these needles for insulin therapy. These needles also ensure faster and better delivery of the drug delivery.

Needle length of 4mm is expected to showcase fastest growth over the forecast period owing to its short length. The accuracy of the pen needle to get the insulin to the fat layer is 99.5% of the time at all the injection sites. It does not offer resistance while injecting and provides greater comfort as compared to other injections. The sharp tip of these needles helps to reach the subcutaneous tissue very easily without much pain.

Therapy Insights

On the basis of therapy, insulin therapy dominated the market in 2016 and expected to witness lucrative growth over forecast period. This is due to increasing number of patients with diabetes and increasing level of awareness about self-administration amongst type 1 and type 2 diabetes.

GLP-1 therapy is also expected to showcase lucrative growth over the forecast period as it can be used to enhance the glucose control in the adults with type 2 diabetes. Several companies such as Novo Nordisk are focusing on expanding the market of GLP-1.

Regional Insights

In 2016, Europe dominated the market because of the growing prevalence of diabetes in the region. According to Diabetes UK, 4 million people are found to be suffering with diabetes. Moreover, the UK government is taking initiatives to raise awareness among people and invest in diabetes care and research so that better treatment techniques and facilities are available for diabetic patients.

Asia Pacific is expected to witness fastest growth over the forecast period owing to rising awareness about availability of technologically advanced products for treatment of diabetes. The changing lifestyle of people has also led to the increase in number of people with type 2 diabetes.

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Competitive Insights

Some of the major companies of this market are TERUMO CORPORATION; Novo Nordisk A/S; B. Braun Melsungen AG; Becton Dickinson and Company; Ypsomed, UltiMed, Inc.; Artsana S.p.a.; HTL-STREFA; and Allison Medical.

In order to fulfill the unmet needs of the patients with diabetes, most of the companies go for regional expansion, development of new products with improvised technology and mergers & acquisitions. For instance, in 2013, the launch of BD Autoshield Duo Safety Pen Needle by Becton Dickinson and Company in UK and Ireland aimed at minimizing needle stick injuries in those countries.

Market Segment:

Pen Needles Product Outlook (Revenue, USD Million; 2014 - 2025)

        • Standard Pen Needles

        • Safety Pen Needles

Pen Needles Length Outlook (Revenue, USD Million; 2014 - 2025)

        • 4mm

        • 5mm

        • 6mm

        • 8mm

        • 10mm

        • 12mm

Pen Needles Therapy Outlook (Revenue, USD Million; 2014 - 2025)

        • Insulin

        • Glucagon-like-Peptide-1 (GLP-1)

        • Growth Hormone

Pen Needles Regional Outlook (Revenue, USD Million; 2014 - 2025)

        • North America

                • U.S.

                • Canada

        • Europe

                • Germany

                • UK

        • Asia Pacific

                • China

                • India

        • Latin America

                • Brazil

                • Mexico

        • MEA

                • South Africa

Get in touch

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Air Ambulance Services Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2025

September 03, 2021: The market size for global air ambulance services was worth USD 3.7 billion in 2016 which is anticipated to grow at a CAGR of more than 9.3% during the forecast period. The factors contributing to the growth of the market are increasing the prevalence of chronic diseases, for instance, cardiac disorders which need an emergency medical response, accessibility of reimbursement policies, rising per capita healthcare expenditure and improvement of medical infrastructure in entertainment & sports industry.

An exponential rise in the per capita healthcare spending is observed worldwide in the past twenty years. According to the statistics given by The World Bank Group, in 1996, the per capita healthcare expenditure was approximately USD 467.6 and this figure raised exponentially to USD 1,060.9 in 2014. The 55.0% growth in per capita healthcare spending can be associated with better access to quality care, better economic conditions, and rising awareness amongst the population. These factors also contribute towards a rise in demand for air ambulance services in the last five years.

The air ambulance service operators, particularly in developing nations, are offering a wide spectrum to air ambulance services to leverage the increasing demand. Additionally, increase in the number of service providers has intensified the competition in this market. For instance, there exist more than 1,300 aircrafts provided by 300 air ambulance operators, cumulatively, in the U.S.

The incidence of chronic disorders which require an emergency response, for instance, cardiovascular conditions, are increasing at alarming rate. According to a report published by the WHO, cardiovascular diseases contributed to the highest number of total global fatalities. In 2012, 17.5 million deaths translating to 31.0% of the global deaths occurred due to cardiovascular disorders. Air ambulances are highly useful in life-threatening conditions and therefore, these services have continued to hold a steady demand in spite of being expensive.

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Developed economies, for instance, the U.S., provide reimbursement policies which enable the air ambulance service providers to overcome the issues related to high service prices and helped the market grow at a remunerative rate. The Government of Accountability Office (GAO) published statistics which say that Medicaid and Medicare payments contributed to approximately 12.0% and 30.0% of market revenue correspondingly whereas private insurers contributed to nearly 50.0% of market revenue. The air ambulance services are expensive, therefore, out of pocket payments are infrequent.

Type Insights

Based on the type, the global air ambulance market is segmented into fixed wing services and rotary wing services. The rotary wing services, involving helicopter based air medical transport, held more than 68.0% of market share in 2016. These services are used for medical transfer of patients for shorter distances. Additionally, helicopters can easily land on streets, rooftops, and ground thereby increasing the accessibility of these services.

Fixed-wing services refer to aircraft equipped with medical instruments and a medical crew. These services are used to transfer patients to longer distances. These aircrafts are most commonly business jets or private jets modified to accommodate medical equipment and crew.

Service Model Insights

Based on the service model, the global air ambulance market is segmented into hospital-based and community-based services. Hospital-based services held the largest share in 2016 and are projected to grow at a lucrative rate during the forecast period. A majority of hospitals in developed nations provide these services wherein the medical crew is supplied by hospitals in emergency response situations.

Community-based services operate owing donations provided by businesses or public in general. These services function by partnering with community health centers or private players. For instance, in the U.S., Air Methods provides a variety of community-based services such as Air Idaho Rescue in Montana, Idaho, and Wyoming.

Regional Insights

North America dominated global air ambulance market in 2016. Availability of the supportive air medical transport infrastructure, the presence of reimbursement plans, and the local existence of a large number of air ambulance operators has fueled the growth of the market in this region.

On the other hand, Asia Pacific is expected to grow at a lucrative rate of more than 11.0% over the forecast period. The economic conditions in this region are improving and countries like China and India are leading countries on global investments. Accessibility of large labor pool and affordable services are promoting many multinational companies to invest in this region. Many multinational business conglomerates provide air ambulance services as safety protocol component.

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Competitive Insights

The global air ambulance market consists of many key players such as PHI Air Medical, Native American Air Ambulance, Acadian, Lifeguard Air Ambulance, Express AirMed Transport, REVA Air Ambulance, IAS Medical, AMR, and Scandinavian Air Ambulance.

These market players undertake various strategic initiatives such as collaborations, service portfolio expansion and partnerships with entertainment events, sports events, and business firms. For instance, in January 2016, REVA launched a new operations base in Schenectady, New York. The new base allows REVA to provide rapid response to medical requirements in Europe and abroad. The new base also opened new opportunities with insurers and other leading facilities in Northeast region.

Market Segment:

Air Ambulance Service Types Outlook (Revenue, USD Million; 2014 - 2025)

        • Rotary-Wing

        • Fixed-Wing

Air Ambulance Service, Service Model Outlook (Revenue, USD Million; 2014 - 2025)

        • Hospital Based

        • Community Based

Air Ambulance Services Regional Outlook (Revenue, USD Million; 2014 - 2025)

        • North America

                • U.S.

                • Canada

        • Europe

                • Germany

                • UK

        • Asia Pacific

                • China

                • Japan

        • Latin America

                • Mexico

                • Brazil

        • MEA

                • South Africa

                • Saudi Arabia

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Animal Feed Antioxidants Market Share, Segments, New Opportunity, Outlook And Top Players till 2022

September 03, 2021: The global animal feed antioxidants market size was valued at USD 183.4 million in 2014. Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.

Antioxidants are mainly used in animal feed industry for providing protection of essential nutrients such as vitamins, fats, and pigments from deterioration. Furthermore, these ingredients are capable of extending the storage period as well as the durability of animal feed.

Increasing number of reporting incidences of contagious diseases including foot-&-mouth disease and avian flu among livestock is expected to have a substantial impact. Furthermore, rising spending toward inclusion of cattle management technology in the dairy farming sector of UK and Ireland is expected to expand the application scope in the near future.

Over the past few years, the agriculture industry of developing countries including China, Brazil, and India have been witnessing significant rise owing to increasing expenditure on crop yielding technology. This favorable trend in agriculture sectors is expected to ensure access to corn as well as oilseeds as raw materials to manufacture natural ingredients for the animal feed industry.

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Livestock insights:

Poultry was the largest market, accounting for 34.3% of global share in 2015. Rising demand for frozen chicken as a result of increasing importance of convenience food is expected to increase the consumption of antioxidants among livestock over the forecast period.

Over the past few years, the governments of South Africa and Nigeria have been initiating various policies aimed for the improvement of poultry farming on a domestic level. The above mentioned favorable policy toward the development of poultry farming on a national level is expected to open to increase new applications over the projected period.

The market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness significant gains as a result of increasing outbreaks of diseases including Bovine spongiform encephalopathy (BSE). Furthermore, animal feed antioxidants demand in aquaculture was USD 16.9 million in 2015.

Product insights:

Synthetic products forms held a market volume of over 50% in 2015. They are used on account of excellent stability as well as enhanced shelf life as compared to natural counterparts. Furthermore, low prices of synthetic ones as a result of their high market visibility as a product is expected to have a positive impact.

Natural antioxidants are expected to foresee volume growth over 4% as a result of stringent regulations aimed at limiting the scope of synthetic counterparts for reducing greenhouse gas emissions. However, the predominant consumption of the oilseeds in direct food consumption is expected to decrease the availability of feedstock to the feed ingredients processors.

Regional Insights:

Asia Pacific was the largest market, accounting for 51.5% of global industry share in 2016. The firm foothold of the farming base of cattle, pork and poultry species in China, India, Australia and New Zealand is expected to have a positive impact on the market. However, low adoption rates of antioxidants in unorganized cattle farming sector of developing countries including China and India is projected to hamper the industry growth.

North America market was valued at USD 46.6 million in 2015. The increasing importance of anti-oxidation property for ensuring the durability and high-shelf life for the finished goods in meat processing sector of the U.S. is expected to play a vital role in expanding the market reach in the near future.

Rising disposable income and urban population growth in Middle East countries are projected to increase the demand for derived animal products including meat and dairy derivatives. As a result, livestock vendors are expected to establish new farming units on a domestic level and thus likely to increase the usage of feed ingredients over the forecast period.

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Competitive Insights:

Key vendors include DSM Nutritional Product LLC, Adisseo, DuPont, ADM, Novozymes, BASF, Zhejiang Medicine Co. Ltd., Kemin Industries and AB Vista. Product innovation and the establishment of strategic partnerships with ingredient suppliers are expected to remain key critical success factors for industry participants during the forecast period.

Market Segment:

Animal Feed Antioxidants Product Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • Natural

        • Synthetic

                • Ethoxyquin

                • Butylated Hydroxyanisole (BHA)

                • Butylated Hydroxytoluene (BHT)

Animal Feed Antioxidants Livestock Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • Swine

        • Poultry

        • Cattle

        • Aquaculture

        • Others

Animal Feed Antioxidants Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • North America

        • Europe

        • Asia Pacific

        • RoW

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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com