Market Research Blog – Page 10053 – New Product Development

Insulin Biosimilars Market – Dominance of the Leading Companies Over the Global Industry

According to Future Market Insights (FMI), the demand for insulin pens is expected to rise considerably in the coming decade, enabling the market to surpass a valuation of US$ 30,407.5 Mn by the end of 2021.

Data Points	Key Statistics
Growth Rate (2016-2021)	21.5% CAGR
Projected Growth Rate (2022-2032)	14.9% CAGR
Expected Market Value (2022)	US$ 1,468.6 Million
Anticipated Forecast Value (2032)	US$ 5,876.4 Million

Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster.

According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential.

Type 2 diabetes cases are common, but it can be prevented or delayed by a healthy diet, consistent physical activity, maintaining a standard body weight and avoiding the use of tobacco. Diabetes can be treated or managed with medicines and regular checking and treatment. Increasing focus on innovative medical products and research are increasingly driving a transition towards insulin pen by diabetes patients.

Leading manufacturers in the insulin pen market are strengthening their market position through collaborations with various health and research organizations. Governments in developed and developing countries are actively taking initiatives to encourage innovative medical products.

For instance, in November 2020, Medtronic introduced CGM integrated smart insulin delivery pen to manage multiple daily dosage insulin injections. Similarly, Insulet expanded its offering of OmipodDASH into additional countries such as Sweden, Finland, Norway, and Denmark.

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Key Takeaways from Insulin Pen Services Market Study

Reusable insulin pens are expected to account for over 49% the global market share by 2031, supported by a growing base of environment and cost-conscious consumers.
Hospital pharmacies will account for 33.8% of the market share in 2031. The soaring influx of patients for treatment and intensive care support supports growth.
The U.S. is projected to be the fastest-growing regional market with a CAGR of 5.6% through 2021-2031 owing to the matured healthcare sector of the country.
The U.K. and Germany are leading markets in Europe, accounting for more than 18% and 25% in 2021.
China is the largest and fastest growing market in East Asia, exhibiting a 4.7% CAGR through 2031.
Australia is leading the Oceania market, accounting for more than 85% of insulin pen revenues in 2021.

“Increasing prevalence of diabetes, technological advancements and rising investments in the healthcare sector will create lucrative growth opportunities for insulin pen manufacturers through the assessment period in 2031,” says the Future Market Insights analyst.

Who is Winning?

The global insulin pen market is set to expand due to the rising prevalence of type 1 and type 2 diabetes. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the insulin pen market include but are not limited to NovoNordisk A/S, Sanofi, Eli Lilly, Diamesco Co., Ltd., BigFoot Biomedical, Inc, Medtronic plc, Emperra GmbH E-Health Technologies, YpsoMed AG, and DUKADA Aps.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels that provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global insulin pen market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the insulin pen treatment market on basis of the main indication in detail, cover every aspect of the market such as technology, dosage form, distribution channel across seven major regions.

Insulin Pens Market – Category-wise Insights

How are Reusable Insulin Pens Contributing to Revenue Generation?

Reusable insulin pens are displaying a high growth potential in the coming years. It is projected to grow at CAGR of 4.1% in the near future with revenue totalling US$ 16,810.0 Mn for 2020.

Insulin pens are widely used by the diabetes patients instead of conventional syringe and needle owing to ease of administration superior accuracy.

What is the Market Share of Type 2 Diabetes?

Type 2 diabetes solutions will continue to dominate the market during the forecast period and are expected to hold around 70% of the market share through the end of 2031. Higher number of type 2 cases and investments into associated research drives growth.

What is the Scope of Growth for Online Sales?

Despite hospital pharmacies currently leading the market, online sale has displayed significant scope for growth in the insulin pens market with a 5.7% CAGR in the forecast period.

This will be primarily attributed to higher acceptance of online sales channels which provides discounts and offers as a low-cost alternative in addition to home delivery services.

Insulin Pens Market – Competitive Landscape

Manufacturers in the insulin pens market are primarily aiming to carry out strategic acquisitions, collaborations, and product launches in the upcoming decade.

For Instance, Sanofi introduced its reusable insulin delivery pen – Lantus ClikSTAR in Canada in October 2020.
In February 2021, Eli Lily & Co. collaborated with Welldoc to link Lily’s upcoming connected insulin device and therapies.
In June 2021, Bigfoot Biomedical announced its acquisition of intellectual property assets of Common Sensing to strengthen its insulin delivery portfolio.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Amines Market [2022–2031] North America to hold the largest market size during the forecast period — Future Market Insights

Demand for amines is anticipated to continue surging particularly due to the increased industrial development. FMI states in its recent study on the amines-market that the market will record an impressive CAGR through 2031.

The various market conditions that directly affect the market’s expansion are covered in the Amines Market study. An inventive, passionate, competent, and experienced team of analysts, researchers, industry experts, and forecasters carefully worked on the report’s framework. The research involves the SWOT analysis, PESTLE analysis, predictive analysis, real-time analysis, revenue share, market size, the competitive market scenario, market opportunities, and major strategies like partnership, cooperation, mergers, and acquisitions that have been implemented by key competitors to strengthen their presence in the global market.

“introduction of new and innovative products, solutions and technologies for end-use industries, is the key strategy adopted by market players. Besides this, some of the leading companies are planning to the expansion of their production capacities...” says the FMI analyst.

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Amines Market – Important Highlights

Aromatic amines are expected to remain a dominant commodity form due to their use in the manufacture of MDI and polyurethane.
According to the end-use industry, MDI is expected to remain dominant due to its use in the manufacture of polyurethane.
The paint and coating industry is anticipated to show high market demand for amines.
During the forecast era, the FMI expected East Asia to remain one of the most profitable markets.

Amines Market – Drivers

Amines are increasingly used in the paint and coating industry as an additive or preservative to protect paints and coatings from spoilage for a prolonged period and are driving the growth of the market.
Significant growth in the manufacturing sector has been observed over the last few years and the trend is expected to remain the same over the projected period which is boosting the market growth.
The demand from the pharmaceuticals industry across several countries is anticipated to increase the market demand for amines.
Favorable government policies and investments will generate the growth of the market.

Amines Market – Restraints

The volatility of raw material prices is anticipated to hamper the growth of the market.
Strict government restrictions are also expected to reduce the growth of the global amines industry over the projected period.

COVID-19 Impact on Amines Market

The amines market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. Border closures, quarantines, and the supply chain of the market and trade disruptions, especially in countries hard hit by the virus was noticed all around the world. this has led to reduced demand from several industries which hindered the growth of the amines market. However, the industry is likely to experience a turnaround as the economies of several nations start stabilizing.

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Competitive Landscape

The amines market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. However, it is important to note that some of the leading players are planning to raise the cost of their goods. For eg, Evonik Industries AG increased the price of fatty amines, derivatives, in 2017.

Some of the leading companies operating in the market are BASF SE. Evonik Industries AG, Lonza, Akzo Nobel N.V, Arkema Group, Celanese Corporation, Clariant, Daicel Corporation, Dow Chemical Company

Amines Market by category

Product Type

Aromatic Amines
Fatty Amines
Specialty Amines
Aliphatic Amines
Amine Derivatives
QAC

End Use

MDI
Pharmaceuticals
Agrochemicals
Paints, Coatings, Dyes & Inks
Plastic, Polymer & Rubber
Water Treatment
Cosmetics & Personal care Industrial & Home care
Others

Region

East Asia
Europe
North America
South Asia Pacific
Latin America

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Pricing Mechanism

4.3. Product persification

4.4. Sales and Distribution Strategies

5. Global Amines Market Demand Analysis 2016-2020 and Forecast, 2021-2031

To be continued…!

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Neurological Biomarkers Market – Key Players & Growth Strategies Adopted by Them

A new report by Future Market Insights depicts the progress of global neurological biomarkers market and the forecast for the upcoming years.

Biomarkers have their own importance in the process of a therapeutic intervention. It is considered a crucial part of the drug discovery as well as the detection and cure of a disease.

Neurological biomarkers is a new branch that is gaining traction in the global market.

This comprehensive research report projects the overview of global neurological biomarkers market, titled ‘Neurological Biomarkers Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)’.

According to the report, global neurological biomarkers market is expected to showcase a significant growth in coming years with a CAGR of 5.1% during the forecast period, and reach a market value of over US$ 8,700 Mn by the end of 2028.

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Global Neurological Biomarkers Market: Snapshot

The neurological biomarkers are specific to the detection or analysis of molecular mechanism taking place in a person’s neurological disorder.

Though the market’s scope is restricted to just the neurological segment of a human body, it holds a huge market share in the coming years.

The growth is primarily driven by the increase of neurological disorders. There is a huge increase in the rate of population suffering from disorders like Alzheimer, Parkinson, Schizophrenia, Depression and Multiple Sclerosis.

The prevalence of such diseases has also triggered the drug development practices. Many researches are solely dedicated to development of various drugs in the market which are based on the results of biomarkers.

Thus, the global neurological biomarkers market is expected to proliferate in the coming years.

The market includes highest application of neurological biomarkers for Alzheimer, which is expected to hold the highest market share of over US$ 2,100 Mn in the global neurological biomarkers market.

However, new application areas like Schizophrenia and Spinal Muscular Atrophy are expected to witness more attractiveness in the global market, as both the segments are expected to lead with a growth at high rate.

The report also reveals the growth to be seen majorly in Asia Pacific during the forecast period.

The region is expected to gain attractiveness in the coming years, as the neurological biomarkers market finds larger area of application and grow at a CAGR of 6.1% during the forecast period.

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Global Neurological Biomarkers Market: Upcoming Opportunities and Trends:

Increasing prevalence of neurodegenerative disorders is expected to bolster the demand of neurological biomarkers in the global market.

The growth is expected to introduce new trends in the market and help businesses capitalize on the opportunities coming their way.

One of such trends is ELISA, which is a high sensitive method for detecting proteins in complex matrices such as urine, serum, plasma and saliva.

It is considered as the best available method for quantification of proteins, and is also expected to gain traction in the coming years.

The major players that are behind introduction of such trends in the market and are also ruling the global neurological biomarkers market are Quanterix Corporation, Qiagen N.V., Thermo Fisher Scientific Inc. ADx Neurosciences NV, Merck KGaA., Acobiom, Banyan Biomarkers, Olink AB INC., Bio-Rad Laboratories, EuroImmun AG (Sub. PerkinElmer) etc.

There are many more trends in the market like mass spectroscopy and integrative biology.

The coming years will project clear picture of the trend that will stand out and lead as a significant driver of global neurological biomarkers market.

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Neurological Biomarkers Market by Category Type

Genomics Biomarker
Proteomics Biomarkers
Metabolomics Biomarkers
Imaging Biomarkers
Others

Application

Alzheimer’s Disease
Parkinson’s Disease
Huntington’s Disease
Schizophrenia
Depression
Multiple Sclerosis
Spinal Muscular Atrophy

End User

Research Organizations, Pharma & Biotech Companies
Clinical Diagnostics

Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Nucleic Acid Testing Market – Major Revenue Gains are Expected by 2028

A new research report by Future Market Insights on the global nucleic acid testing market reveals has been titled, ‘Nucleic Acid Testing Market – Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,’ and assesses the growth prospects of the nucleic acid testing market for the next nine years. The global revenue of nucleic acid testing market are foreseen to reach beyond US$ 4,900 Mn by the end of 2027. Over 2017-2027, the market is expected to expand at a robust CAGR of 7.5%.

Attribute	Details
Nucleic Acid Testing Estimated Market Size 2022	US$ 3.4 Bn
Nucleic Acid Testing Market Value-based CAGR (2022-2028)	~7.3%
Nucleic Acid Testing Market Projected Size in 2028	US$ 5.25 Bn

Nucleic acid testing is a new age testing practice that helps in detection, diagnosis and screening of pathogens even when there is no relative clinical sign for a health condition. Due to the assistance provided by nucleic acid testing to healthcare centres and common public, the market is expected to have positive prospects in coming years.

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Nucleic Acid Testing Market: Overview

Nucleic acid testing is helpful in the detection of the nucleic acids such as viral DNAs or RNAs in specimen samples of the patients. The technique is helpful in providing special assistance to doctors as well as patients. The healthcare industry needs advanced technique to cope with the increasing severity of health related issues that the population is more prone to. Increasing chronic disease incidences due to changing lifestyle have resulted in escalating demand for diagnostic procedures worldwide. Nucleic acid testing kits and consumables are the key products in the in-vitro diagnostic industry, as they have been proven to deliver promising results during critical diagnosis in various applications.

Emerging countries in the Asia Pacific region, such as China and India, are the hotspots for investments because of higher growth rate of diagnosis, treatment and research activities. Future Market Insights expects developing regional markets to experience higher demand for nucleic acid testing over the assessment period. According to the report, North America is expected to hold a market value of over US$ 1,600 Mn by the end of 2027 but APAC is expected to create more incremental opportunities and will reportedly witness a CAGR of 8.6% during the forecast period.

Nucleic Acid Testing Market: Trends

Looking at the recent demands for nucleic acid testing, key manufacturers are now focusing on introducing new custom product offerings for specific needs. Due to the research community’s ever evolving needs, the demand for specialised tools and reagents have grown to the point where most vendors who are currently offering these products cannot depend solely on sales of catalog products. Customised products are likely to trend in near future, creating attractive growth opportunities for emerging businesses.

The rise in demand has also encouraged many companies to look for expansion of their businesses. Various companies are emphasizing on expansion activities by setting-up their plants and regional offices in developing regions, including APAC and MEA. The competitive scenario of the market is consolidated, and a majority players prefer to involve in sales and service agreements, collaborations, R&D, new product launches, joint ventures, partnerships, patent transfers, and mergers and acquisitions.

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Nucleic Acid Testing Market by Category

Product Type:

Nucleic Acid Test Kits
- Transcription-Mediated Amplification (TMA)
- Polymerase Chain Reaction (PCR)
- Ligase Chain Reaction (LCR)
- Whole Genome Sequencing
Consumables

Indication:

Infectious diseases
Cancer
Forensic Testing
Others

End-user:

Hospitals
Pathology laboratories
Research Institutes
Clinics

Region:

North America
Latin America
Western Europe
Eastern Europe
APECJ
China
Japan
MEA

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Amino Acid Metabolism Disorders Treatment Market Leaders & Key Revenue Pockets

According to Future Market Insights, the global amino acid metabolism disorders treatment market is expected to rise at a CAGR of 6.4% from 2017 to 2026. The market is projected to touch a valuation of over US$1,030 Mn by the end of the forecast period.

The global amino acid metabolism disorders treatment market is expected to exhibit a strong growth over the course of the forecast period. The report on global amino acid metabolism disorders treatment market has been minutely studied and researched upon by the analysts of Future Market Insights (FMI). The market research report presents an all-inclusive analysis of the global amino acid metabolism disorders treatment market along with an outline of the competition existing among the core players operating in the market. The vendor landscape section includes several facets pertaining to key players such as innovation and developments, product portfolio, core strategies, geographical area covered, prime personnel, mergers, acquisitions, agreements, and other financial and non-financial strategies.

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Key Insights on Amino Acid Metabolism Disorders Treatment Market

On the basis of region, the global amino acid metabolism disorders treatment market has been segmented into North America, Europe, Latin America, Asia Pacific except Japan, Japan, and the Middle East and Africa. Amongst these, North America is expected to retain a leading position in the market by the end of the forecast period reaching a valuation of over US$359 Mn. North America is expected to be closely followed by Europe. Players operating in this market can seek potential opportunities from the U.S., Germany, Spain, and France owing to several clinical trials taking place pertaining to this treatment and several mergers and acquisitions occurring among core players operating in these regions. Players can also find lucrative opportunities from Asia Pacific excluding Japan and as well with the rise in nutritional management activities in these regions. Countries in APAC such as China and India are also expected to emerge as potential adopters of amino acid metabolism disorders treatment in the long run.

In terms of product type, the global amino acid metabolism disorder treatment market has been segmented into arginine, folic acid, vitamin B6 and B12, thiamine, vitamin D, betaine, carglumic acid, sapropterin dihydrocholoride, and others. Among these, carglumic acid is expected to lead the market until the end of the forecast period reaching a valuation of over US$185 Mn. However, sapropterin dihydrocholoride is expected to witness the maximum growth rate over the course of the forecast period.

Based on indication, the global market for amino acid metabolism disorder treatment has been classified into phenylketonuria, maple syrup urine disease, argininosuccinic acidemia, citrullinemia, and homocystinuria. Among all of these, phenylketonuria is expected to emerge dominant by the end of the forecast period.

On the basis of sales channel, the global market for amino acid metabolism disorder treatment has been classified into hospital pharmacies, retail pharmacies, and online sales. Hospital pharmacies is expected to take the lead among all these by the end of the forecast period.

Key Players :

Pfizer, Inc.
GlaxoSmithKline PLC
Merck KGaA
Koninklijke DSM N.V.
Recordati S.p.A.
Sanofi
Civentichem
LLC
Shine Star (Hubei) Biological Engineering Co., Ltd.
AMINO GmbH
Kyowa Hakko Kirin Co., Ltd.

Amino Acid Metabolism Disorders Treatment Market: Taxonomy Region

North America
Latin America
Europe
Japan
APEJ
MEA

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Product Type

Arginine
Folic Acid
Vitamin B6 & B12
Thiamine
Vitamin D
Betaine
Carglumic Acid
Sapropterin Dihydrochloride
Others

Indication

Phenylketonuria
Maple Syrup Urine Disease
Argininosuccinic Acidemia
Citrullinemia
Homocystinuria

Sales Channel

Hospital Pharmacies
Retail Pharmacies
Online Sales

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Dry Powder Inhaler Market Size Predictions : US$ 29.6 Bn by 2031

According to Future Market Insights, the global market for dry powder inhaler is slated to exhibit a CAGR of nearly 4.6% during the forecast period (2021-2031), in terms of volume.

Data Points	Market Insights
Market Value 2020	US$ 18.1 Bn
Market Value 2021	US$ 18.9 Bn
Market Value 2031	US$ 29.6 Bn
CAGR 2021-2031	4.6%
Market Share of Top 5 Countries	60.5%
Key Market Players	GlaxoSmithKline Plc, AstraZeneca Plc, Novartis AG, Teva Pharmaceutical Industries Limited, Boehringer Ingelheim GmbH, Cipla Limited, Chiesi Farmaceutici S.p.A., Elpen S.A., Vectura Group Plc, Beximco Pharmaceuticals Ltd., Hovione, AptarGroup, Inc., Iconovo AB (Stevanato Group), Sava Healthcare Ltd., MannKind Corporation, Mylan N.V(a part of Viatris) and Pharmaxis

Over 4000,000 Mn units of dry powder inhaler are pegged to be sold across the globe by 2031-end.

Challenges Regarding Varying Characteristics of Dry Powder Inhalers to Pave Opportunities for Medical Device Manufacturers

Regulatory pressures and changes in drug delivery market have driven innovation of the dry powder inhaler forward.

According to the World Health Organization (WHO), nearly 300 Mn people worldwide are affected by asthma, and approximately 240 Mn from the chronic obstructive pulmonary disease (COPD).

Over half of these patients combined prefer use of dry powder inhalers for treatment of their disease.

These devices have depicted great potential in effective and reliable drug delivery, with novel designs ensuring the possibility to overcome future compliance, cost, and safety challenges.

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Some of the essential performance characteristics regarding dry powder inhalers are associated with dose-delivery, performances at varying airflows, and fine particle fraction content.

These characteristics may vary with respect to powder formulations, creating the need for fine tuning of the device or powder formulation or both combined for achieving optimal performance.

The requirement is particularly high in micro-dosing dry powder inhalers, which in turn is paving opportunities for medical device manufacturers in terms of innovations and advancements.

Growing adoption of unhealthy lifestyle, increasing geriatric population, and growing air pollution levels fuelling prevalence of various respiratory disorders are key factors driving expansion of the global dry powder inhaler market.

In addition, favorable government initiatives being taken across the globe for improving the healthcare infrastructure will further influence the market growth in the near future.

However, the fact that dry powder inhalers are not moisture-resistant remains a major challenge for manufacturers, as the medicine loses its properties when it comes in contact with the moisture.

Availability of effective alternatives such as nebulizers and electric pumps are expected to restrain adoption of dry powder inhalers.

Lack of awareness regarding these devices in low-income & underdeveloped countries may further hinder the market growth to a certain extent.

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Key Research Findings from FMI’s Report on Dry Powder Inhaler Market

North America will continue to be the most lucrative region for growth of the dry powder inhaler market. Dry powder inhaler sales in the region will register the fastest expansion through 2031. Asia-Pacific excluding Japan (APEJ) is expected to be the second largest market for dry powder inhaler.
Hospital pharmacies will continue to be the leading distribution channel for dry powder inhalers, with sales pegged to surpass 150,000 Mn units by 2031-end.
Dry powder inhalers will continue to observe the largest application in the treatment of asthma, followed by chronic obstructive pulmonary disease. In addition, sales of dry powder inhalers for application in the treatment of asthma and pulmonary arterial hypertension are slated to exhibit a parallel growth through 2031.

Leading companies in the global dry powder inhaler market are focusing on the development of new generation products.

These market players are making huge investments in R&D activities associated with novel device architectures, particle engineering, and powder formulations.

Development of improved particle properties, along with efficient inhaler designs is expected to remain key strategies among the market players. Key market participants profiled in the report include Vectura Group Plc, MannKind Corporation, Chiesi Farmaceutici S.p.A., Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Limited, Cipla Ltd., Novartis AG, GlaxoSmithKline Plc, 3M Company, and Astrazeneca Plc.

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Key Market Segments Covered In Dry Powder Inhalers Industry Research

By Product :

Single Dose Dry Powder Inhalers
Multi Dose Dry Powder Inhalers

By Indication :

Asthma
Chronic Obstructive Pulmonary Disease (COPD)
Pulmonary Arterial Hypertension
Diabetes
Cystic Fibrosis

By Function :

Manually Operated Inhaler Devices
Digitally Operated Inhaler Devices

By End User :

Institutional Sales
- Hospital Pharmacies
- Cancer Research
- Office based Speciality Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
Mail Order Pharmacies

By Region :

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

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Medication Management System Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

In 2022, it is anticipated that the market for medication management systems will be worth US$2.5 billion. The global market for medication management systems is anticipated to grow at a CAGR of 11% between 2022 and 2032, reaching US$ 7.1 billion. The market is expanding as a result of hospitals investing more money to improve workflow and the quick advancement of medical technology.

Data Points	Key Statistics
Expected Market Value (2022)	US$ 2.5 Billion
Anticipated Forecast Value (2032)	US$ 7.1 Billion
Projected Growth Rate (2022-2032)	11%

The demand for effective management systems to ensure workflow is driving growth in the global market for medication management systems due to a shortage of pharmacists and healthcare professionals. Due to altered demand-supply patterns brought about by the pandemic, the medical and healthcare industries have undergone significant changes. However, the need to reduce medical errors has grown stronger, driving up demand for medication management systems.

The most recent revision of Future Market Insights’ (FMI) report on the “medication management system” market study provides in-depth analyses of the global industry, growth & restraining factors, and demand-supply trajectories across 20+ countries from 2021 to 2031. The report claims that industry participants will prosper from the increase in machines and inventory management equipment in the healthcare and hospital sectors while focusing on key geographical areas like North America, Europe, and Asia Pacific, to name a few.

Key Takeaways from Market Study

The global medication management system industry to ascend at over 15% CAGR through 2031
High requirement for computerized physician order entry and inventory management solutions is likely to be witnessed
Growing requirement from hospitals and pharmacies to favor manufacturers
On-premise and web-based solutions to gain traction in terms of mode of delivery
The United States to remain the epicenter of the world’s largest medication management system industry North America
Germany to remain dominant in the Europe medication management system industry
Asia-Pacific to exhibit the fastest growth during the forecast period
China, Japan, India, the United Kingdom, France, Italy, and a few other countries to remain lucrative for stakeholders

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How is the Increase in Demand from Hospitals Industry Fuelling Sales of Medication Management System Suppliers?

Medication management systems are being deployed extensively by healthcare professionals in order to efficiently manage various information such as patient analysis, regulatory & compliance information, valuation analysis and other vital parameters in healthcare industry.

According to the report titled “Industries at a Glance: Hospitals” published by the Bureau of Labor Statistics, the United States hospitals industry is highly potential and progressive and comprises of medical, diagnostic, treatment, and other inpatient and outpatient services which include physician, nursing, and other health services. As stated in the report, the employment in this sector has decreased to 5,135.1 in thousands in February, 2021, compared to 5,136.3 in thousands in November, 2020. These data give a glimpse of the upcoming opportunities for medication management system providers around the globe.

Who is Winning in this Space?

With the competition getting stricter, key players in the global medication management system market are diversifying their products in order to target broader end-use sectors.

For instance,

Omnicell, Inc. lunched its new extensive range of products such as i.v.STATION Non-hazardous Compounding Robot, IVX Workflow, AccuFlex, MTS-350 Filler and Sealer, and others during the last 5 years
Cerner Corporation launched its new Automated Dispensing Cabinet, Drug Database Solutions, and others a couple of years back

More Valuable InsightsIn its latest report, FMI offers an unbiased analysis of the medication management system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of software type (computerized physician order entry, clinical decision support system solutions, electronic medication administration record, inventory management solutions, and other software types), end use (hospitals, pharmacies, and other healthcare institutions), and mode of delivery (on-premise solutions, web-based solutions, and cloud-based solutions), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Medication Management System Segmentation by CategorySoftware Type

Computerized Physician Order Entry
Clinical Decision Support System Solutions
Electronic Medication Administration Record
Inventory Management Solutions
Other Software Types

End Use

Hospitals
Pharmacies
Other Healthcare Institutions

Mode of Delivery

On-Premise Solutions
Web-Based Solutions
Cloud-Based Solutions

Region

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

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Specialty Labels Packaging Market Global Industry Overview and Competitive Landscape till 2027

Global Specialty Labels Packaging market: Introduction

The global consumer goods packaging market has transformed in the past few decades, creating an absolute need for packaging manufacturers and brand owners to customize their products to be able to better suit the evolving consumer trends. Specialty labels are an innovative approach to display business or product related information to consumers.

The global specialty labels market is expected to witness growth over the forecast period, due to increased adoption of new consumer engagement strategies by brand owners across the globe. Specialty labels are used in a wide range of applications such as industrial use, display of information regarding upcoming promotional events, and security purposes, among others.

Specialty labels are also used for asset tracking. Attributed to their efficiency, many manufacturers are looking to integrate modern technology into their specialty labels. Specialty labels can also be integrated with barcode technology for real time tracking of a product. Asset specialty label are also used to identify, maintain and repair fixed assets, such as, a road sign, building, tunnels, or any system attached to a building.

Specialty labels are customizable and printable, supporting a wide range of modern printing technologies, such as, digital printing, thermal printing, and flexographic printing, among others. Thus, it is anticipated that the global specialty labels packaging market will continue to grow, over the forecast period, bolstered by increasing preference for specialty labels as an efficient and easy means of tracking a product and as a brand image enhancing tool.

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Global Specialty Labels Packaging market: Dynamics

Due to the dynamic nature of the modern market, manufacturers have to innovate and come up with new consumer engagement strategies aimed at enhancing consumer experience. Specialty labels brand owners and packaging manufacturers to inform the customers about upcoming events and product related information, which facilitates in enhancement of consumer experience, and also goes a long way in ensuring a loyal consumer-base for that particular brand.

The need to retain consumer-base is expected to be one of the key contributors to growth of the global specialty labels market. In addition, specialty labels are customizable, and therefore can be used for a wide range of applications, which increases the scope of growth of the global specialty labels market. The global specialty labels market growth is expected to be fuelled by increasing need for real-time asset tracking.

An increase in E-retail platforms and globalization ensures convenience in purchasing goods from difference places, creating a need to track the movement of the product through the distribution channel. Asset specialty labels therefore, are expected to be preferred by most retail stores and manufacturers.

The global specialty labels market is also driven by innovation, with specialty labels being manufactured with features such as, specialty labels for safety and warning, weather resistant specialty labels, and specialty labels for traceability, among others. Despite the largely positive outlook, the global specialty labels market growth might be hampered by certain factors, such as the use of plastic in manufacturing specialty labels.

Global Specialty Labels Packaging market: Regional Outlook

The global specialty labels market is segmented on the basis of region as: –

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan
Middle East & Africa
Japan

The Asia Pacific region is expected to lead the global specialty labels market, over the forecast period, owing to the sheer size of its retail industry. However, in terms of specialty labels integrated with barcodes for asset tracking, the North America region is expected to lead, during the forecast period. The Latin America retail industry is expected to witness slow growth due to the ongoing slow recovery from the effects of the 2015 recession. Japan is expected to have maximum penetration of specialty labels packaging in its local market.

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Global Specialty Labels Packaging market: Key Players

Some of the key players operating in the global specialty labels market are – Custom Labels, Resource Label Group, LLC, Label Technology, Inc., and Consolidated Label Co., among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Specialty Labels Packaging market: Segmentation

On the basis of material, the global specialty labels market is segmented as –

Paper
Plastic

On the basis of product type, the global specialty labels packaging market is segmented as –

Round Circle Labels
Full Page Labels
Mailing address labels
Chemical and drum Labels
Asset Labels
Automotive Labels
Food Labels
Display Packaging Labels
Others

On the basis of end use industry, the global specialty labels packaging market is segmented as –

Automotive Industry
Food & beverage packaging Industry
Chemicals Industry
Others

On the basis of purpose, the global specialty labels packaging market is segmented as –

Weatherproof specialty labels
Promotional specialty labels
Tamper Evident specialty labels
Safety and Warning purpose

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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Case Packing Machines Market Top Trends and industry overview to watch for in 2032

As demand for higher productivity continues to rise, the global case packing machines market is expected to expand at a healthy CAGR, during the forecast period. Recent innovation has resulted in an increase in the scope of applications for case packing machines, globally.

Machines have been preferred and inducted in the packaging industry over the years, as manufacturers across the world look to optimize their operations and focus on achieving cost efficiency. The manufacturing sector has recorded impressive growth in the last decade, with a major chunk of the revenues generated by the emerging economies.

Fast growing demand in the manufacturing industry has compelled manufacturers to enhance their end-of-line production capabilities. Case packing machines are one such type of machines employed by packaging manufacturers to improve production efficiency. Case packaging machines primarily find applications in the food & beverage, pharmaceuticals, consumer goods, industrial goods, and the manufacturing industry.

Modifications in design and functionality have led to increase in applications of case packing machines in textiles, apparels, and others. The availability of case packing machines in various configurations enables them to be easily integrated in most production lines, thereby increasing their preference among manufactures across several industries.

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Global case packing machines market: Dynamics

The global packaging industry has witnessed significant growth in the last few decades. There has been a dynamic shift in terms of quantity and quality standards of goods, both from supplier and demand sides. Since the rising demand has resulted in a major shift in preference for bulk production, many packaging companies have adopted automation to increase output.

One of the major drivers expected to fuel growth of the global case packing machines market is the meteoric growth of the global FMCG industry. In addition, increasing number of manufacturers in the global food & beverage, and pharmaceutical industries is expected to positively affect the global case packing machines market, as more manufacturers look to incorporate case packing machines in their end of line packaging operations.

However, with growth in number of small and medium manufacturers in the highly competitive environment, cost is expected to be a major restraining factor for growth of the global case packing machines market. It is anticipated that growth may be slow for the global case packing machines market initially.

However, the benefits of increased production output, far outweigh the demerits of high installation cost. Therefore, with increasing demand of consumer goods, as well as growing need for efficient and bulk production, more manufacturers are expected to opt for incorporation of case packing machines, during the forecast period.

Global case packing machines market: Regional Outlook

The global case packing machines market has been divided into seven regions as follows –

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APeJ)
Middle East and Africa (MEA)
Japan

The North America region is expected to continue to enjoy the leading position in the global case packing machines market, well until 2020. This is attributed to higher penetration of automated industry in the region. The APeJ region is expected to provide significant opportunities of growth for the case packing machines market, during the forecast period, as economic powerhouses look to essentially double their production output, over the forecast period.

Increase in demand for consumer goods, fueled by changing lifestyles of people in the region are expected to be the key contributors to growth of the global case packing machines market.

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Global case packing machines market: Key Players

Few of the key players operating in the global case packing machines market are – I.M.A. Industria Macchine Automatiche S.p.A., Krones AG, Brenton, LLC., Massman Automation Designs, LLC, and Robert Bosch GmbH, among others.

The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global case packing machines market: Segmentation

On the basis of configuration,

the global case packing machines market is segmented as –

Horizontal case packing machines
Vertical case packing machines

On the basis of applications,

the global case packing machines market is segmented as –

Chemical & Fertilizers
Consumer Packaged goods
Food & Beverages
Automotive
Textile
Paper
Others

On the basis of product type,

the global case packing machines market is segmented as –

Drop Packers
Pick and Place Case Packers

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Foldable/Compressible Beverage Carton Market Key Players & Growth Strategies Adopted by Them

Foldable/Compressible Beverage Carton Market Overview

In recent years there has been an increase in the usage of foldable / compressible beverage carton and is expected to grow over the forecast period. The foldable / compressible beverage carton has flexible and is highly recognizable. The foldable / compressible beverage carton is a packaging distinguished by its special styling and by the high degree of flexibility for beverage packaging.

Foldable / compressible beverage carton based juice and sauces packages were considered to be light to carry, have high functionality and easy to fold for waste handling and recycling compared to glass bottles. The foldable / compressible beverage carton do not allow the contamination of beverages into the outer environment. Foldable / compressible beverage carton provides all the properties needed for primary packaging such as high barrier, lightweight, low contamination, etc.

For improving the performance of foldable / compressible beverage carton manufacturers use some additional value added features such as a caps or screw closure. Foldable / compressible beverage carton are extensively used for the packaging of products such as liquid dairy product, juice, sauce, energy drink, soups or different kind of liquid.

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Global Foldable / Compressible Beverage Carton – Market Dynamics

Growth in demand for foldable / compressible beverage carton market is expected to grow strongly for several reasons. One of the significant factors contributing towards the growth of foldable / compressible beverage carton is the growing demand for the beverages including juice, energy drink which are expected to drive the growth of this market in the coming years.

Another factor contributing towards the growth of foldable / compressible beverage carton market is the rise in earning of families, which has increased the consumption of the packed beverages. Moreover, the waste management of foldable / compressible beverage carton is more easily rather than bottles and it needs less space for storage and transportation.

Furthermore, foldable / compressible beverage carton is easily recyclable and environmentally friendly, it is one of the reasons for gaining the popularity of foldable / compressible beverage carton. The variation in raw material availability and prices could also make a negative impact on the global foldable / compressible beverage carton market growth.

Global Foldable / Compressible Beverage Carton Market – Regional Outlook

The global foldable / compressible beverage carton market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Several packaging companies are focusing on developing foldable / compressible beverage carton with efficiency, high precision, and process control to serve the growing demand.

Western Europe is the prominent consumer of the packed food and beverages so it may be the biggest market of foldable / compressible beverage cartons. India and China have expected the significant growth in market volume share as the rise in the retail sector in these regions. Asia Pacific has the largest regional market for foldable / compressible beverage carton, owing to high demand from food and beverage industry.

Global Foldable / Compressible Beverage Carton Market – Major Players

Few of the major players identified across the globe in the foldable / compressible beverage carton market are Stora Enso AB, Visy Industries, Ingersoll Paper Box, TigerPress, WestRock, Tetra Pack Group, ELOPAK, Sig Holding AG, International Paperetc.

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The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Foldable / Compressible Beverage Carton – Market Segmentation

The global foldable / compressible beverage carton market is segmented on the basis ofraw material, capacity and by application.

On the basis of raw material type, the global foldable / compressible beverage carton market is segmented into –