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【dometic rv air conditioner freezing up】Insights on the Surgical Sealant/Tissue Patch Global Market to 2025 - Key Drivers and Restraints
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简介Dublin, Dec. 01, 2020 (GLOBE NEWSWIRE) -- The"Surgical Sealant/Tissue Patch: Global Markets"report h ...
Dublin,dometic rv air conditioner freezing up Dec. 01, 2020 (GLOBE NEWSWIRE) -- The
"Surgical Sealant/Tissue Patch: Global Markets"
report has been added to
ResearchAndMarkets.com's
offering.
This report will focus on both biological sealants and synthetic sealants. These sealants can be used in cardiovascular, central nervous system, orthopedic, cosmetic, pulmonary, ophthalmic, and general surgeries. The report will portray the trends and dynamics affecting the market. The report also covers market projections for 2025 and company profiles. By geography, the market has been segregated into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
The North America region includes the U.S., Canada, and Mexico; Europe includes Germany, the U.K., France, Italy, Spain, and the Rest of Europe; Asia-Pacific includes China, India, Japan, and the Rest of Asia-Pacific. For market estimates, data have been provided for 2019 as the base year, for 2020, and forecast for 2025.
The Report Includes:
An overview of the global surgical sealant/tissue patch market
Estimation of the market size and analyses of global market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
Analysis of current and future market dynamics of surgical sealant/tissue patch market and identification of key drivers, restraints, and opportunities
Description of biological sealants and synthetic sealants and evaluation of current market trends, market size, and market forecast
Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
Profile description of major market players including, AMS Group, Baxter International, B. Braun, Cardinal Health, Johnson & Johnson, and Stryker Corp.
Surgical sealants/tissue patches are a growing market globally, with lots of potential stemming from the advancement of the technology. The growth potential of the market in the forecast period is very promising; as well, growth in the number of surgical procedures will also boost this market.
Key Topics Covered:
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Custom Research
Related Research Reports
Chapter 2 Summary and Highlights
Highlights
Chapter 3 Market Dynamics and Technology Background
Overview: Surgical Sealants/Tissue Patches
Market Dynamics
Market Drivers
Market Restraints
Story continues
Chapter 4 Market Breakdown by Type of Material
Global Market for Surgical Sealants/Tissue Patches by Type of Material
Biological Surgical Sealants/Tissue Patches
Synthetic Surgical Sealants/Tissue Patches
Other Surgical Sealants/Tissue Patches
Chapter 5 Market Breakdown by Surgical Application
Global Market for Synthetic Surgical Sealants/Tissue Patches by Surgical Application
Cardiovascular
Central Nervous System
Orthopedic
Cosmetic
Pulmonary
Ophthalmic
General Surgery
Others
Chapter 6 Market Breakdown by Region
Global Market for Surgical Sealants/Tissue Patches by Region
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Chapter 7 Regulatory Environment
Chapter 8 Competitive Landscape
Global Manufacturer Market Share Analysis
Mergers and Acquisitions, Agreements, Collaborations, and Partnerships
Chapter 9 Company Profiles
Advanced Medical Solutions Group Plc
Baxter International Inc.
Becton, Dickinson, and Co.
B. Braun Melsungen Ag
Cardinal Health, Inc.
Cryolife Inc.
Csl Ltd.
Integra Lifesciences Holdings Corp.
Johnson & Johnson (Ethicon Inc.)
Stryker Corp.
For more information about this report visit
https://www.researchandmarkets.com/r/zhfnbg
Research and Markets also offers
Custom Research
services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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阅读更多5%, led by a 17% increase in average ticket and a slight decline in traffic. Growth in the quarter reflected the impact of households stocking up on essentials like paper goods and cleaning supplies as the pandemic became a nationwide concern, along with strength in discretionary categories as the quarter came to a close and stimulus dollars and tax refunds were disbursed.
FocusAs shown below, the results in the quarter materially changed the trend in two-year stacked comps for each of the banners, along with a significant acceleration for consolidated comps.
The increase in consolidated comps was the primary driver of an 8% increase in revenues to $6.3 billion. The company ended the quarter with 15,370 locations, up less than 1% year-over-year. This reflects a 7% increase in Dollar Tree units, offset by a 4% decline in Family Dollar units.
The top-line results at each banner flowed through to their respective income statements, with Dollar Tree gross margins and operating margins declining year-over-year while Family Dollar gross margins and operating margins expanded year-over-year. On a consolidated basis, gross margins contracted by 120 basis points in the quarter to 28.5%, reflective of a shift to lower-margin consumables, tariff costs and the impact of markdowns from the Easter headwinds at the Dollar Tree banner. The company saw slight operating leverage on SG&A from higher comps, with the net result being an 80 basis point contraction in operating margins to 5.8%, with operating income declining 5% to $366 million. This is not adjusted for $73 million of pandemic-related costs, such as PPE supplies.
In the first quarter, the company opened 85 stores (net of closures) and completed 220 Family Dollar renovations to the H2 format. Importantly, comps at renovated Family Dollar stores continue to outpace the chain average by more than 10%. On the call, management indicated that they plan on reducing both the number of new store openings (from 550 to 500) and the number of H2 renovations (from 1,250 to 750) in 2020.
Personally, given the fact that Family Dollar is seeing material benefits to its business from the pandemic with new or lapsed customers coming into its stores, I think the company should try to get more aggressive with its renovation plans, not less. On the other hand, you could argue that renovations cause short-term disruptions and limit their ability to fully capitalize on the business momentum they are currently experiencing.
As a result of fewer new stores and remodels, management now expects 2020 capital expenditures to total $1.0 billion compared to previous guidance of $1.2 billion. In addition, the company has temporarily suspended share repurchases. At quarter's end, the company had $1.8 billion in cash on its balance sheet compared to $4.3 billion in total debt.
Conclusion
In recent years, Dollar Tree has been a tale of two cities. While its namesake banner has generally delivered impressive financial results, Family Dollar has been a persistent underperformer. This quarter, those results flipped, and given what we've seen in the weeks since quarter's end, there's a decent possibility that we will see something similar in the coming months. As the CEO noted, the second quarter is off to a very good start at Family Dollar.
Here's the important question: how useful is that information is in terms of making future predictions about the business? Will recent success at Family Dollar translate into long-term success for the banner? The optimistic take is that new or lapsed customers, especially those visiting the renovated stores, could become recurring business for the banner. The pessimistic take is that they have experienced short-term success out of necessity as people went to any store that was open to try and find essentials like toilet paper and hand sanitizer that were largely out of stock throughout the retail landscape. From that view, many of these customers could abandon the retailer when life returns to normal. As Philbin noted on the conference call, early on [during the pandemic], folks needed us. Will people still shop as much at Family Dollar when it's no longer a necessity?
Personally, I do not place too much weight on the recent results. I will need to see incremental data points that indicate that Family Dollar has truly won sustained business from these new customers. While I still believe that the Dollar Tree banner is a well-positioned retailer with attractive unit returns, I'm not yet willing to say the same thing for Family Dollar. For that reason, along with the recent run-up in the stock price, I plan on staying on the sidelines for now.
Disclosure: None
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