Global Veterinary Imaging Market Set to Surge, Projected to Reach USD 4,306.6 Million by 2034 at a CAGR of 6.6%

The global veterinary imaging market is experiencing remarkable growth, driven by an increasing demand for advanced animal healthcare services and a significant rise in pet ownership. Recent projections indicate that the market is expected to reach a value of USD 2,272.8 million in 2024, with further expansion anticipated to achieve USD 4,306.6 million by 2034. This growth reflects a strong compound annual growth rate (CAGR) of 6.6% over the next decade.

Several factors are fueling this impressive growth in the veterinary imaging sector:

  • Rising Demand for Animal Healthcare Services: As comprehensive veterinary care becomes more critical, there is a heightened need for advanced imaging technologies that improve diagnostic accuracy and treatment effectiveness.
  • Growing Pet Ownership: The global trend of increased pet ownership is leading to higher demands for veterinary services, including sophisticated imaging solutions. Pet owners are increasingly pursuing high-quality medical care for their pets, significantly driving the adoption of advanced imaging technologies.
  • Increasing Awareness About Animal Health: A growing consciousness regarding the importance of animal health and well-being is further contributing to the veterinary imaging market’s expansion. Both veterinary professionals and pet owners are acknowledging the value of early and accurate diagnostics in enhancing animal health outcomes.

As the veterinary imaging market evolves, advancements in technology and an increase in the availability of cutting-edge imaging solutions are anticipated. These developments will not only bolster industry growth but also enhance the quality of veterinary care worldwide.

According to an analyst at Future Market Insights (FMI), “The adoption of digital imaging technologies has revolutionized the industry. It allows for efficient sharing and analysis of images, integration of AI, and miniaturization of devices, thereby speeding up the diagnosis and treatment process.”

As the market continues to expand, stakeholders in the veterinary field are encouraged to embrace these innovations to meet the increasing demands of pet owners and improve overall animal health outcomes.

Key Takeaways from the Market Study:

  • Market share of 57.7% for 2024 has reported mass growth as pet owners seek specialized care in the veterinary imaging industry.
  • Veterinarians encounter orthopedic applications as the most common practice, with a share of 30.9% for 2024.
  • The veterinary imaging market in Canada is set to experience an exponential increase with a 10% CAGR through 2034.
  • The veterinary imaging market in Malaysia is projected to grow at a CAGR of 7.8% through 2034.
  • The veterinary imaging market in Indonesia is anticipated to develop at a CAGR of 7.1% through 2034.
  • The veterinary imaging market in the United Kingdom is predicted to rise at a 6.1% CAGR through 2034.
  • The veterinary imaging market in the United States is estimated to rise at a 5.4% CAGR through 2034.

Growing Need for Market Insights: Access Our Full Report for Thorough Analysis and Trends!

Competitive Landscape:

Growth initiatives taken in advancing the technologies are fueling market sales. Prominent players are collaborating with local companies to expand their distribution channels. Many key veterinary imaging manufacturers are inclined to invest significantly in innovation, research, and development practices to uncover increased applications in the veterinary imaging market.

Recent Developments:

  • Antech introduced AIS RapidRead and Nu.Q® Canine Cancer Test to revolutionize veterinary diagnostics in April 2024.
  • SK Telecom partnered with Vetology Innovations to bring X Caliber, an AI-powered diagnostic service for pets, to the U.S. market in January 2024.
  • iCRco, Inc.’s CLARIS V Cone Beam Computed Tomography (CBCT) imaging device at Santa Barbara Zoo provided precise 3D imaging for enhanced veterinary diagnostics and treatment in June 2023.

Leading Veterinary Imaging Brands:

  • Esaote
  • IDEXX Laboratories, Inc.
  • IMV Technologies group
  • Carestream Health
  • Hallmarq Veterinary Imaging Ltd.
  • MinXray, Inc.
  • Universal Medical Systems, Inc.
  • Agfa- Gevaert N.V.
  • Mindray Medical International Ltd.
  • GE Healthcare
  • Siemens AG

Key Segments of Market Report:

By Product Type:

Based on product type, the sector is primarily divided into equipment, software, and reagents. Veterinary imaging equipment is further categorized as radiography (X-ray), ultrasound imaging, magnetic resonance imaging, computed tomography, video endoscopy imaging, and other systems.

Radiography systems are also further bifurcated into computed and film-based radiography. Ultrasound imaging systems are divided into 2D and 3D US imaging. Computed tomography systems are also parted into two single and multi-slice CT.

By Animal Type:

Small and large animals are two categorized sections of animal type in this industry.

By Application:

Veterinary imaging is applied for cardiology, orthopedics, neurology, oncology, and others.

By End User:

Clinics, hospitals, institutes, and research centers are top end users of veterinary imaging.

By Region:

A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Cosplay Clothing Market Set for Strong Growth Amid Rising Popularity Worldwide

The global cosplay clothing market is on the rise, with an anticipated value of USD 4,788.2 million in 2023. Projections indicate a robust CAGR of 6.1%, leading to an estimated market size of USD 8,656.2 million by 2033.

Cosplay, a vibrant form of self-expression that originated in Japan, is gaining immense popularity worldwide. Countries such as Japan, China, South Korea, the United States, and the United Kingdom are at the forefront of this growing trend. This cultural phenomenon, deeply rooted in Japanese Otaku culture, has expanded its reach, especially during events like Halloween in North America, where costume-wearing is a cherished tradition.

Factors Driving Growth

  • Popularity of Anime and Comic Conventions: The increasing attendance at events like Comic-Con, which attract hundreds of thousands of fans, is significantly boosting interest in cosplay.
  • Emergence of New Anime Series: Platforms like Netflix are expanding their anime offerings, generating excitement and engagement among fans, which drives demand for related costumes.
  • Cultural Celebrations: Events such as Halloween and themed parties are encouraging more people to participate in cosplay, further popularizing costume-wearing.
  • Social Media Influence: Platforms like Instagram and TikTok are elevating the visibility of cosplay culture, allowing fans to connect with their favorite characters and share their costumes.
  • Diverse Fan Base: An increasing number of women and diverse demographics are embracing cosplay, leading to a broader market appeal.
  • Rise of Superhero Franchises: The continued success of superhero movies and comics is fueling demand for related costumes, with iconic characters driving sales.
  • Growing Community Engagement: Online forums and local cosplay meetups foster a sense of community, encouraging more individuals to explore cosplay as a hobby.

Emerging Opportunities

  • Themed Celebrations: The rising popularity of themed events—such as Halloween, Christmas parties, and birthday celebrations—presents significant opportunities for the cosplay clothing market.
  • Social Media Marketing: Platforms like Instagram, TikTok, and Facebook are powerful tools for promoting cosplay culture, allowing brands to reach and engage with a wider audience.
  • Collaboration with Influencers: Partnering with popular influencers and cosplayers can enhance brand visibility and attract new customers to the market.
  • Expansion in Underserved Regions: As cosplay gains traction globally, there is potential for growth in regions like the Middle East and Africa, where the market is currently less developed.
  • Customizable Costumes: Offering personalized or customizable cosplay costumes can appeal to consumers looking for unique ways to express their fandom.
  • Online Retail Growth: The shift toward e-commerce presents opportunities for brands to expand their reach and provide convenient shopping options for cosplay enthusiasts.
  • Technological Advancements: Innovations in production techniques, such as 3D printing and fabric technology, can lead to the creation of more intricate and high-quality costumes, attracting discerning consumers.

Key Companies Profiled

  • Rubie’s Costume Company
  • Xcoser International Costume Ltd.
  • Cossky UK
  • Yaya Han Elope, Inc.
  • RoleCosplay
  • Uwowo Cosplay
  • Cospa, Inc.
  • Disguise Inc.
  • Meikedress
  • Simcosplay
  • Madhulikadresswala
  • Siam Costumes

Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531

Key Segments Profiled in the Global Cosplay Clothing Market

By Application:

  • Historical Dress
  • Video Game Costumes
  • Dance Costumes
  • Movie Costumes
  • Fantastical Dress
  • Modern Costumes
  • Other Applications

By Price:

  • Below US$100
  • US$ 100 to US$ 200
  • US$ 200 to US$ 300
  • US$ 300 to US$ 400
  • Above US$ 400

By End User:

  • Men
  • Women
  • Kids
  • Unisex

By Distribution Channel:

  • Convenience Stores
  • Specialty Stores
  • Online Retailers
  • Direct Sales
  • Other Sales Channel

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Latin America
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Ankylosing Spondylitis Treatment Market Poised for Growth, Projected to Reach USD 5.1409 Billion by 2032

The global ankylosing spondylitis treatment market is witnessing significant growth, with projections indicating a market value of USD 8.06 billion in 2022 and an expected increase to USD 5.1409 billion by 2032. This translates to a compound annual growth rate (CAGR) of 4.6% over the forecast period, reflecting advancements in treatment modalities and a deeper understanding of this chronic inflammatory condition.

Ankylosing spondylitis primarily affects the spine, leading to debilitating pain and stiffness. Recent years have seen remarkable therapeutic innovations, particularly in the development of Tumor Necrosis Factor (TNF) inhibitors and Non-Steroidal Anti-Inflammatory Drugs (NSAIDs). These treatments have emerged as pivotal solutions not only for managing ankylosing spondylitis but also for addressing a range of other inflammatory arthritis conditions. This shift signifies a commitment to enhancing patient outcomes and improving overall quality of life.

Despite these advancements, the market faces ongoing challenges, as highlighted by recent studies and findings. The treatment landscape continues to evolve, emphasizing the need for sustained research and development efforts to address unmet needs and optimize treatment efficacy.

“We are witnessing a transformative phase in the management of ankylosing spondylitis,” stated a representative from FMI. “As market leaders, we remain committed to driving innovation and delivering solutions that make a meaningful difference in the lives of patients worldwide.”

As the market continues to grow, stakeholders in the ankylosing spondylitis treatment space are urged to collaborate and invest in research initiatives to further enhance treatment options and improve patient care.

Key Takeaways from Ankylosing Spondylitis Treatment Market Study:

  • Nonsteroidal anti-inflammatory drugs lead the market as they are looked upon as the first line of treatment for ankylosing spondylitis
  • Oral route of administration holds the largest market share due to simplicity of consumption.
  • By age group, “adults” contribute to majority of revenue generation as ankylosing spondylitis usually gets initiated in adulthood.
  • North America, led by the US, holds the highest market share due to well-established healthcare infrastructure, high incidences of ankylosing spondylitis, and innovations in pharmaceutical industry.

Ankylosing Spondylitis Treatment Market Trends:

The healthcare sector is increasingly focused on advancing research into ankylosing spondylitis, aiming to drive innovation forward.

For example:

  • In July 2020, researchers at Rockefeller University identified “PRIME cells” capable of suppressing inflammation associated with rheumatoid arthritis, offering potential insights into managing flares of this condition. This breakthrough is expected to pave the way for the development of biosimilars to treat such forms of spondylitis before they progress to advanced stages.
  • In June 2020, Celltrion Healthcare received a recommendation from the Committee for Medicinal Products for Human Use (CHMP) for the use of Remsima in ankylosing spondylitis.
  • In October 2019, the Spondylitis Association of America (SAA) partnered with PatientPoint to enhance education about spondylitis and support rheumatology practices across the United States.

Major Players in the Ankylosing Spondylitis Treatment Market:

  • Wyeth
  • Mitsubishi Tanabe
  • Schering-Plough
  • Takeda
  • Amgen
  • Centocor
  • Abbott
  • Eisai
  • Pfizer

Key Segment:

Drug Class

  • Nonsteroidal Anti-inflammatory Drugs
  • Anti-Inflammatory Drugs
  • Immunosuppressive Drugs
  • TNF Blockers
  • JAK Inhibitors
  • Steroids
  • Biologics
  • Others

Route of Administration

  • Parenteral
  • Oral

Application

  • Adults
  • Juveniles

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Janitorial Sinks Market to Reach USD 1,409.2 million by 2033, Driven by Urbanization and Growing Renovation Projects

Janitorial Sinks Market
Janitorial Sinks Market

The global janitorial sinks market is projected to reach a value of USD 810.4 million in 2023. Future Market Insights estimates the market will grow at a CAGR of 6.3% from 2023 to 2033, reaching USD 1,409.2 million by the end of the forecast period.

The demand for janitorial sinks is growing due to a rise in construction activities, improved access to clean water and sanitation in emerging markets, and an increasing number of renovation projects in developed regions. The shift towards more modern, stylish homes and the upgrading of outdated kitchens are further fueling this demand. Urbanization is accelerating as more people relocate to cities in search of better transportation and healthcare services. Additionally, the expansion of the hotel industry, driven by faster, more affordable, and convenient global travel, is also boosting the demand for janitorial sinks.

Key Takeaways from the Market Study

  • Sales of the global janitorial sinks market expanded at a CAGR of 5.9% from 2018 to 2022
  • The Asia Pacific market in India for global janitorial sinks market is likely to grow at a CAGR of 6.18%
  • The North American market for the global janitorial sinks market is likely to expand at 32.6%.
  • Undermount janitorial sinks are expected to generate maximum demand for the global janitorial sinks market.
  • Commercial Sales of janitorial sinks to drive market growth
  • The European market in Russia is said to have market growth contributing to a growth of 5.73%
  • Stainless steel janitorial sink is said to dominate the market.
  • The stainless steel market is expected to increase at a CAGR of 3.2%.
  • Undermount sinks account for a notable share of 44.2% in the compartment sinks market.

Competitive Landscape

Some of the prominent players in the global market are-

  • Elkay Manufacturing Company
  • Franke Holding AG
  • Just Manufacturing Company
  • BK Resources
  • Advance Tabco
  • Aero Manufacturing Company
  • Krowne Metal Corporation
  • John Boos & Co.
  • Tarrison Products Ltd.
  • Acero Stainless Inc.

Some of the crucial developments of the key players in the market are:

  • In January 2023, Kohler, a brand that has been a staple in the design industry for 150 years, is perfectly poised to set innovative trends that change the game—and then come back to pay homage to them years later. That’s exactly what the brand plans to do with the release of its Heritage Colors collection debuting summer of 2023.

Key Segments Profiled in the Market

By Type:

  • Freestanding Sinks
  • Wall-Mounted Sinks
  • Drop-In Sinks
  • Undermount Sinks

By Material:

  • Stainless Steel Sinks
  • Porcelain Sinks
  • Composite Sinks
  • Other Materials

By Application:

  • Commercial
  • Residential

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Report Preview: https://www.futuremarketinsights.com/reports/janitorial-sinks-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Combat Boots Market Poised for Significant Growth, Projected to Reach USD 2,638.1 Million by 2033

The global combat boots market is on track for substantial growth, with a projected valuation of USD 1,816.8 million in 2023, set to rise to USD 2,638.1 million by 2033, reflecting a robust CAGR of 3.8% during the forecast period. This growth is driven primarily by the demand from law enforcement, military personnel, firefighters, and outdoor adventurers who require durable and reliable footwear in challenging conditions.

Key Market Drivers

  • Increased Military Presence: The growing number of military personnel deployed in conflict zones, such as Afghanistan, Iraq, and Syria, is significantly boosting demand for combat boots designed for rigorous and harsh conditions.
  • Law Enforcement and Emergency Services: The need for durable footwear among law enforcement officers, firefighters, and other emergency service personnel is driving market growth, as these professionals require reliable and protective gear.
  • Outdoor Adventure and Recreational Activities: A rising interest in outdoor activities such as hiking, trekking, and extreme sports is leading consumers to seek out combat boots for their durability and performance in rugged environments.
  • Fashion Trends: The increasing recognition of combat boots as stylish footwear among fashion-conscious consumers is contributing to their popularity, blending functionality with fashion.
  • Social Media Marketing: Leading manufacturers are leveraging social media platforms to effectively promote their products, enhancing brand awareness and reaching targeted audiences.
  • Technological Innovations: Advancements in design and materials, such as the introduction of lightweight and breathable options, are improving the performance and comfort of combat boots, further stimulating demand.
  • Government Spending on Defense: Increased defense budgets in various countries, especially in emerging markets, are expected to boost demand for combat boots as militaries upgrade their equipment.
  • Versatility and Protection: The multifunctional nature of combat boots, offering flexibility, slip resistance, and superior protection, is appealing to a wide range of consumers, from military personnel to outdoor enthusiasts.

Technological Innovations and Opportunities

  • Advanced Materials: The development of new materials, such as durable leather and breathable fabrics, enhances the performance and comfort of combat boots, making them suitable for various conditions.
  • Innovative Designs: Manufacturers are investing in research and development to create boots that feature ergonomic designs, improving fit and support for users during strenuous activities.
  • Energy-Efficient Technologies: Products like the FlyRoam combat boots utilize energy-efficient technologies, such as Aerocore energy systems, which provide superior cushioning and reduce fatigue during extended wear.
  • Composite Plastic Toe Technology: The introduction of composite plastic toes offers enhanced protection for military personnel, providing resilience against extreme stress while remaining lightweight.
  • Customization Options: Opportunities exist for manufacturers to offer customizable combat boots tailored to specific needs, including personalized fit, style, and functional features.
  • Sustainability Initiatives: The growing focus on sustainability presents opportunities for brands to innovate with eco-friendly materials and production processes, appealing to environmentally conscious consumers.

Competitive Landscape

As the client base continues to grow in countries like India and China, leading industry players are expected to focus on expanding their operations in the Asia-Pacific region. To stay competitive during the forecast period, these key market participants are projected to invest significantly in research and development efforts.

Recent Developments

  • Adidas announced the release of the GSG9.2 Footwear, a military-inspired combat boot, in June 2019.
  • Garmont Outdoor, an Italian footwear producer, will gift 1,000 pairs of combat boots to New York City first responders in April 2020.
  • 5.11 unveiled the A.T.L.A.S. (All Terrain Load Assistance System) combat boot collection in Las Vegas, Nevada in February 2020.

Key Companies Profiled

NS Boots Pvt. Ltd.

McRae

Wolverine World Wide

Belleville Boot Company

Magnum Boots

Maelstrom Boots

Bates Boots

Rampage

Under Armour

Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com

Combat Boots Market by Category

By Type:

  • Jungle
  • Desert
  • Cold Weather
  • Others

By Application:

  • Military
  • Hiking
  • Travel
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global GLP-1 Receptor Agonist Market Set for Exceptional Growth: Projected to Surge USD 72,127.79 Million by 2034

The global GLP-1 receptor agonist market is poised for extraordinary expansion, driven by an increase in therapeutic applications and favorable market projections. Recent analysis indicates a promising trajectory, with expectations for the market to grow from USD 23,854.53 million in 2024 to an impressive USD 72,127.79 million by 2034. This meteoric rise reflects a robust Compound Annual Growth Rate (CAGR) of 11.7%, establishing the market as a dynamic and high-growth sector within the pharmaceutical industry.

GLP-1 receptor agonists are essential in managing type 2 diabetes and various metabolic disorders. Their growing effectiveness in glycemic control and weight management is garnering significant attention, and expanding therapeutic applications are further propelling market growth. This expansion is supported by ongoing research and development efforts that are advancing these life-changing therapies.

Key Drivers of Market Growth:

  1. Increased Prevalence of Type 2 Diabetes: The rising global incidence of type 2 diabetes is a major catalyst for demand for effective management solutions, notably GLP-1 receptor agonists.
  2. Advancements in Drug Formulations: Continuous innovations in drug delivery systems and formulations are enhancing the therapeutic profiles of GLP-1 receptor agonists, broadening their clinical applications.
  3. Growing Patient Awareness and Accessibility: Increased awareness among patients and improved access to healthcare services are facilitating the greater adoption of GLP-1 receptor agonists across diverse demographics.
  4. Supportive Regulatory Environment: Favorable regulatory policies and expedited approval processes are creating a conducive environment for the development and commercialization of new GLP-1 receptor agonist therapies.

The projected growth trajectory of the GLP-1 receptor agonist market underscores its potential to address unmet medical needs and transform patient outcomes. Stakeholders across the industry, including pharmaceutical companies, healthcare providers, and investors, stand to benefit from this dynamic expansion and the evolving opportunities it presents.

Key Takeaways from the Market Study:

  • Type-2 Diabetes dominates the GLP-1 receptor agonist market by indication, accounting for a share of 75.00%.
  • Hospital pharmacies lead the distribution channel in the GLP-1 receptor agonist industry, accounting for a 34.00 % market share.
  • The GLP-1 receptor agonist market in India has the potential to increase at 24.70% CAGR through 2034.
  • The market in China is anticipated to develop at a CAGR of 23.10 % through 2034.
  • The market in the United Kingdom is predicted to rise at a CAGR of 12.10% through 2034.

Surge in Market Demand: Explore Comprehensive Trends and Analysis in Our Full Report!

Competitive Landscape:

Pharmaceutical companies use various strategies for market expansion. These include conducting clinical trials to broaden the indications for existing products and targeting additional disease areas such as obesity and NAFLD. They are also developing innovative formulations and delivery systems to improve patient convenience and adherence.

Companies are investing in marketing and educational initiatives to raise awareness among healthcare professionals and patients about the benefits of GLP-1 receptor agonists in diabetes management.

Recent Developments:

  • Eli Lilly introduced Orforglipron in June 2023, which could revolutionize treatment options for obesity and type 2 diabetes.
  • In October 2023, researchers created chimeric GLP-1 receptor agonists that show promise as long-lasting treatments for type 2 diabetes.
  • In November 2023, researchers developed a groundbreaking long-acting GLP-1 agonist that could offer promising advancements in diabetes management.
  • In August 2023, GLP-1 medications like Ozempic, Wegovy, and Mounjaro reshaped the pharmaceutical landscape by curbing appetites and triggering significant weight loss.

Key Companies in the Market:

  • Eli Lilly and Company
  • Sanofi
  • Novo-Nordisk A/S
  • AstraZeneca
  • Pfizer.Inc
  • Amgen, Inc.
  • Innovent Biologics, Inc.
  • PegBio Co., Ltd
  • Sun Pharmaceutical Industries Ltd.
  • Boehringer Ingelheim International GmbH

Key Market Segmentation:

By Drug Class:

  • Exenatide
  • Liraglutide
  • Dulaglutide
  • Lixisenatide
  • Others

By Route of Administration:

  • Parenteral
  • Oral

By Indication:

  • Diabetes
  • Cardiovascular Disease
  • Weight Management
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Clinics
  • Ambulatory Surgical Centres

By Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Preparative and Process Chromatography Market Set to Reach USD 14.53 Billion by 2034

The global preparative and process chromatography market is forecasted to soar to USD 14.53 billion by 2034, marking a substantial increase from its 2024 valuation of USD 9.93 billion. The demand for preparative and process chromatography is expected to develop at a CAGR of 3.9% between 2024 and 2034.

The Preparative And Process Chromatography Market Primarily Drive The Market Growth:

  • Increasing Demand For Monoclonal Antibodies In The Pharmaceutical And Biotechnology Industries
  • Technological Advancements, Including The Analysis Of Protein Biopharmaceuticals And Chiral Drugs, As Well As The Detection Of Genotoxic Impurities
  • The Growing Demand For High-Quality Pharmaceutical Products
  • Increasing Production Demands Within End-Use Industries.

The escalating demand for preparative and process chromatography drives an imperative for effective purification protocols in critical sectors such as food, biotechnology, and pharmaceuticals. This emphasizes the essential role of these techniques in ensuring product purity and quality.

Continuous advancements in chromatography technology serve as catalysts, fostering the widespread adoption of preparative and process chromatography. These ongoing improvements contribute to heightened efficiency and generate outcomes characterized by exceptional quality across diverse applications.

Remarkably, the surge in demand for preparative and process chromatography is particularly pronounced in the biopharmaceutical sector. These solutions play a pivotal role in protein purification in this industry. This underscores their critical importance in producing advanced therapeutic and biotechnological products.

The expanding need to meet stringent regulatory standards is an influential driver behind the growing demand for preparative and process chromatography. Industries across the spectrum prioritize adherence to these standards to ensure safe and high-quality goods are manufactured.

Anticipated growth in emerging markets is foreseen in the upcoming decade, especially as developing nations undertake comprehensive updates to their pharmaceutical and biotech production methods. This evolution in manufacturing practices is expected to propel the increased utilization of preparative and process chromatography in these burgeoning markets.

“The demand for preparative and process chromatography is increasing due to its crucial role in purifying food, biotech, and pharmaceuticals. Technological advancements enhance efficiency and quality across various applications, particularly in the biopharmaceutical sector. Stricter regulations and the expansion of emerging markets throughout the subsequent decade are projected to boost the use of these chromatographic solutions further,” says the lead analyst at FMI.

Key Takeaways from the Preparative and Process Chromatography Market:

  • The United States preparative and process chromatography industry is projected to dominate, registering a CAGR of 2.5% through 2034
  • Germany’s preparative and process chromatography market is expected to register a sluggish CAGR of 1.8% between 2024 and 2034.
  • The United Kingdom’s preparative and process chromatography industry is anticipated to exhibit a CAGR of 5.1% through 2034.
  • Italy’s preparative and process chromatography industry is likely to experience a CAGR of 4.2% from 2024 to 2034.
  • China’s preparative and process chromatography market is expected to display a CAGR of 7.0% through 2034.

Rising Interest in Market Trends: Our Detailed Report Provides Essential Insights!

Competitive Landscape of the Preparative and Process Chromatography Market:

The preparative and process chromatography industry is experiencing significant transformation as key players adapt to emerging trends. Strategic collaborations among industry leaders aim to leverage strengths and drive innovation.

Sustainability takes center stage, focusing on eco-friendly solutions, reflecting a commitment to environmental concerns. Investment in research and development by companies underscores the pursuit of technological excellence. They emphasize advancements in resins, column designs, and automation.

Global expansion strategies by leading players respond to the increasing demand worldwide. At the same time, adopting single-use systems addresses the industry’s need for flexibility and cost-effectiveness. Overall, these concerted efforts reflect a commitment to staying competitive and responsive to the evolving demands of diverse industries.

Recent Developments in the Preparative and Process Chromatography Market:

  • YMC Europe unveiled a new expertise portal for liquid chromatography in March 2022. Serving as a knowledge hub, the portal focuses on preparative LC and (U) HPLC.
  • Bio-Rad Laboratories, Inc. unveiled the EconoFit Low-Pressure Prepacked Chromatography Column Packs in June 2022. These packs are designed to aid resin screening experiments while developing protein purification workflows.

Key Companies in the Preparative and Process Chromatography Market:

  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories, Inc
  • Agilent Technologies, Inc
  • Waters Corporation
  • Cytiva
  • Satorius AG
  • Shimazdu Corporation
  • PerkinElmer Inc.
  • Hitachi
  • KNAUER Wissenschaftliche Geräte GmbH
  • Gilson Incorporated
  • Merck
  • Daicel Chiral Technologies
  • Nouryon
  • Orochem Technologies Inc.
  • Hamilton Company
  • JASCO
  • Valco Instruments Co. Inc.

Key Segments

By Product:

  • Preparative Chromatography
    • Consumables
      • Columns
      • Reagents
      • Resins
    • Systems
  • Process Chromatography
    • Consumable
      • Column
      • Reagent
      • Resin
    • System

By Chromatography Type:

  • Liquid Chromatography
  • Gas Chromatography
  • Thin Layer Chromatography
  • Paper Chromatography
  • Others

By End User:

  • Food Industry
  • Nutraceutical Industry
  • Bio-Pharmaceutical Industry
  • Oil & Gas Industry
  • Diagnostics
  • Academic and Research Institutes

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Gold-Infused Skin Care Market Set to Surge, Projected to Reach USD 14,238.9 million by 2032

The global gold-infused skin care market, valued at USD 3,412.3 million in 2022, is on track to reach an impressive USD 14,238.9 million by 2032, marking a robust compound annual growth rate (CAGR) of 15.4% during the forecast period. This surge is primarily driven by a growing consumer inclination towards anti-aging products and enhanced skincare options.

Key Drivers of Growth

  • Rising Demand for Cosmetic Products: Increasing consumer interest in beauty and skincare is fueling demand for innovative and premium products, particularly those with unique ingredients like gold.
  • Increased Investments in Personal Care: The growing personal care industry is attracting significant investments, enhancing product development and marketing efforts in gold-infused skincare.
  • Changing Lifestyles: Urbanization and evolving consumer lifestyles are leading to a higher focus on personal grooming and skincare, driving the adoption of advanced skincare solutions.
  • Enhanced Consumer Awareness: As consumers become more informed about the benefits of various skincare ingredients, the awareness of gold’s anti-aging and healing properties is contributing to its popularity.
  • Product Innovation: Continuous development of new formulations and exclusive product launches are attracting consumers looking for effective anti-aging and rejuvenating solutions.
  • Geographical Expansion: Market players are expanding their reach into new regions, capitalizing on the increasing popularity of gold-infused products in diverse markets.

Regional Insights

  • North America: Anticipated to hold a 22% market share in 2022, driven by women prioritizing quality skincare options.
  • Europe: Projected to command a 27% market share, with exclusive launches catering to diverse age groups.
  • Asia Pacific: Expected to account for 20% of the market, benefiting from the growth of e-commerce and retail expansion.

Key Companies Profiled

  • La Prairie
  • Amala
  • Tatcha
  • Cle de Peau
  • Merle Norman
  • The A Method
  • Chantelle
  • Physicians Formula
  • Keys Soulcare
  • Peter Thomas Roth
  • Knesko Skin
  • 111Skin

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Key Segments Profiled In The Gold Infused Skin Care Industry Survey

By Product:

  • Products
  • Products
  • Oils
  • Creams
  • Serums
  • Cleansers
  • Eye Care Products
  • Body Care Products
  • Hair Care Products
  • Make-up Cosmetics

By Distribution Channel:

  • Products Sales via Hypermarkets/Supermarkets
  • Products Sales via Specialty stores
  • Products Sales via Brand Outlets
  • Direct Sales of Products
  • Products Sales via E-Commerce

By Gender:

  • Products for Men
  • Products for Women

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Orthopedic Braces and Support Market Set to Surpass USD 4.6 Billion by 2024, Forecasted to Reach USD 8.8 Billion by 2034

A recent market analysis reveals that the global orthopedic braces and support market is poised for significant growth, projected to surpass a valuation of USD 4.6 billion by 2024 and reach an impressive USD 8.8 billion by 2034. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 6.7% during the forecast period, highlighting the increasing significance of orthopedic solutions for both preventive care and post-injury recovery.

Orthopedic braces and supports play a crucial role in managing musculoskeletal conditions, offering stability and enhancing mobility for individuals suffering from sports injuries, chronic ailments such as arthritis, and post-surgical rehabilitation. With more patients opting for non-surgical interventions, the demand for these products is expected to skyrocket in the coming years.

Several key drivers are contributing to the market’s robust growth:

  • Aging Population: The global population is aging, leading to a higher incidence of orthopedic disorders like osteoarthritis and osteoporosis. This demographic shift fuels the need for braces and supports to alleviate pain and promote mobility among older adults.
  • Advancements in Technology: Innovative designs and materials have significantly improved the comfort, durability, and effectiveness of orthopedic braces. These advancements make the products more appealing to healthcare professionals and patients alike.
  • Rising Sports-Related Injuries: As participation in sports and physical activities continues to grow, so does the incidence of sports-related injuries. This trend drives demand for both preventative and recovery solutions, including orthopedic braces.
  • Non-Invasive Treatment Preferences: Increasingly, patients are seeking alternatives to surgical procedures. Orthopedic braces offer effective, non-invasive options for treating and managing a wide range of conditions, making them a popular choice in modern healthcare.

As the orthopedic braces and support market continues to expand, manufacturers and healthcare providers are encouraged to innovate and adapt to meet the evolving needs of patients. With a growing focus on non-invasive treatments and advancements in technology, the future of orthopedic care looks promising.

Enhanced Market Demand: Discover Thorough Trends and Insights in Our Complete Report! https://www.futuremarketinsights.com/reports/orthopedic-braces-and-support-market

Market Outlook

With the orthopedic braces and support market projected to nearly double its valuation by 2034, industry players are expected to invest heavily in research and development to introduce more advanced products. Furthermore, the rising demand from emerging markets, where awareness of musculoskeletal health is increasing, will likely contribute to the sector’s expansion.

The anticipated growth represents a significant opportunity for manufacturers and distributors of orthopedic devices, especially in light of the ongoing global health focus on improving quality of life and reducing long-term disability from musculoskeletal conditions.

Key Takeaways: Orthopedic Braces and Supports Market

  • The market is expected to grow significantly, reaching a value of USD 8.8 billion by 2034, the compound annual growth rate is predicted to be 6.7%.

Regional Market:

  • United States: Strong growth is anticipated, with sales exceeding USD 1.6 billion by 2034.
  • United Kingdom: A steady increase is expected, reaching USD 280.7 million by 2034.
  • China: A large market is projected, surpassing USD 1.4 billion by 2034.
  • Japan: Substantial growth is foreseen, reaching USD 908.3 million by 2034.
  • South Korea: A significant increase is expected, reaching USD 508.6 million by 2034.

Overall, the orthopedic braces and supports market is poised for considerable expansion in the coming years, driven by factors such as increasing aging populations, rising rates of chronic diseases, and advancements in medical technology.

Top Strategies to Stay Ahead in Market Competition

Key players in the market can leverage smart sensors, innovative materials, and biofeedback mechanisms to enhance rehabilitation experiences and provide tailored support through advanced bracing solutions. Companies should focus on research and development to create new materials, applications, and brace designs that align with both patient needs and emerging industry trends.

Collaborating with experts for scientifically validated and practical product solutions is another effective approach. Offering customization options, such as personalized support levels and custom-fit braces, can help meet individual patient needs more effectively. Additionally, simplifying the purchase process—through hassle-free returns and convenient online ordering—can strengthen customer loyalty and trust.

Recent Developments

  • In October 2023, OrthoPediatrics Corp. introduced the DF2 Brace, marking their entry into the non-surgical sector to support children with musculoskeletal injuries.
  • In September 2023, Enovis Corporation acquired LimaCorporate S.p.A., expanding their portfolio with a range of orthopedic medical devices, including braces and support systems.

Key Players in the Orthopedic Braces and Support Industry

  • DJO, LLC (United States)
  • Zimmer Biomet (United States
  • Medtronic (Ireland)
  • Stryker Corporation (United States)
  • Össur (Iceland)
  • NuVasive®, Inc (United States)
  • Integra LifeSciences Corporation (United States)
  • Globus Medical (United States)
  • OTTOBOCK (Germany)
  • AC Mould Engineering Limited (China)
  • Johnson and Johnson Services, Inc (United States)
  • Weber Orthopedic LP. DBA Hely and Webe (United States)
  • BSN medical (India)

Orthopedic Braces and Support Industry by Category

By Product:

  • Braces and Supports Type
    • Knee Braces for Osteoarthritis and Ligament Injuries
    • Post-operational Knee Braces
    • Upper Spine Orthoses
    • TLSOs
    • LSOs
    • Soft Braces
    • Hinged Braces
    • Pneumatic
    • Non-pneumatic
    • Elbow Braces and Supports
    • Wrist Braces and Supports
  • Pain Management Products
    • Cold Therapy Products
    • DVT Products

By End-user:

  • Orthopedic Clinics
  • Over the Counter (OTC)
  • Hospitals
  • DME Dealers
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East and Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

The global orthopedic prosthetics market size is projected to be valued at USD 3,721.6 million by 2024. Expanding at a 5% CAGR, the global market is poised to register a valuation of USD 3,909.9 million by 2034.

The global orthotic devices orthotic splints and orthopedic braces and support market share valued at USD 5.5 Billion in 2020 and is projected to be worth USD 7.8 Billion by 2026, exhibiting a CAGR of 4.8% during the forecast period 2022 to 2032.

The global orthopedic splints market growth was valued at around USD 1.5 billion in 2021. With a projected CAGR of 11.5% for the next ten years, the market is likely to reach a valuation of nearly USD 4.9 billion by the end of 2032.

The global orthopedic oncology market demand is expected to grow at a CAGR of 6.5%. The market value is projected to increase from USD 1.2 Billion in 2023 to USD 2.3 Billion by 2033.

The global orthopedic trauma devices market trends is estimated to stand at USD 11.39 billion in 2024. The market is expected to exceed a valuation of USD 21.24 billion by 2034, registering a moderate CAGR of 6.4%.

In 2023, it is expected that the global veterinary orthopedic drills market outlook is likely to grow to USD 28.6 million. By 2033, the market is expected to increase to USD 40 million, with a CAGR of 3.4%.

The global orthopedic consumables market overview is moving ahead with a CAGR of 3% from 2022 to 2032, garnering a revenue of about USD 55 billion by 2032, up from USD 41 billion in 2022.

The global orthopedic prosthetic device market forecast is anticipated to be valued at USD 2,348.4 million in 2024. The market is expected to grow at a CAGR of 4.8% over the period from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit USD 3,753.1 million.

The global medical bionic implant and exoskeleton market development is estimated to be worth USD 742.0 million in 2023. The market has registered a valuation of USD 690.2 million in 2022. From 2023 to 2033, the CAGR for the market is a solid 6.3%. By the end of the forecast period, the market is expected to have soared to USD 1,361.90 million.

The global prosthetic heart valve market strategies of USD 13,234.9 million by 2023, the industry is anticipated to advance rapidly. By 2033, the prosthetic heart valve market is expected to be valued at USD 27,277.6 million. The prosthetic heart valve sales are set to rise through 2033 at a CAGR of 7.5%

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Orthotic Devices, Casts, and Splints Market Set to Experience Significant Growth, Projected to Reach USD 3.32 Billion by 2024

The global orthotic devices, casts, and splints market is on an impressive growth trajectory, projected to achieve a robust Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2024. Market value is expected to rise from USD 2.95 billion in 2022 to an impressive USD 3.32 billion by the end of 2024.

As the global population ages, the prevalence of musculoskeletal ailments such as arthritis and osteoporosis is rising sharply. This demographic shift is driving an increased demand for orthotic solutions, which play a crucial role in rehabilitation and treatment protocols.

Innovative advancements in 3D printing, imaging technologies, and computer-aided design/manufacturing (CAD/CAM) are revolutionizing the orthotics field. These cutting-edge technologies facilitate the development of highly personalized orthotic devices, promising enhanced comfort and efficacy for patients. The potential for future at-home 3D printing of orthotics exemplifies the industry’s commitment to accessibility and patient-centric care.

A notable trend is the growing patient preference for non-surgical approaches to managing pain and correcting deformities. This shift is fueling demand for orthotic devices that offer effective alternatives to invasive procedures. Additionally, ongoing technological advancements are making these devices more affordable and accessible.

Despite the promising growth outlook, upfront costs continue to pose a barrier for many patients seeking orthotic solutions. Addressing this challenge requires innovative pricing models and enhanced insurance coverage to ensure broader accessibility.

In regions where medical personnel lack sufficient training in applying orthotic devices, patient discomfort and complications can occur. Bridging this gap through targeted education and training initiatives is crucial for improving patient outcomes and satisfaction.

The future of the orthotic devices, casts, and splints market appears bright, driven by continuous advancements and an increasing demand from an aging population. Manufacturers are well-positioned to capitalize on the opportunities presented by minimally invasive techniques and personalized medicine, positioning the industry for sustained growth.

Orthotic devices provide targeted support for musculoskeletal conditions such as scoliosis and arthritis, while casts and splints immobilize and assist in the healing of fractured bones and unstable joints. The market’s growth is further fueled by advancements in materials and manufacturing processes, along with heightened awareness and diagnosis of orthopedic conditions.

As the market expands, innovations in materials and manufacturing processes will continue to enhance the efficacy and comfort of orthotic solutions. With a steadfast commitment to addressing accessibility barriers and advancing technological capabilities, the future promises transformative growth in orthotic devices, casts, and splints, ensuring better outcomes for patients worldwide.

Key Takeaways: Global Orthotic Devices, Casts, and Splints Market

  • The global market for orthotic devices, casts, and splints is expected to grow significantly at a CAGR of 6.2% from 2022 to 2024, reaching a value of USD 3.32 billion by 2024.
  • North America holds a leading market share (38% in 2022) driven by factors like senior population growth, rising sports injuries, and increasing musculoskeletal disorders.
  • Advancements in orthotic technology and supportive reimbursement policies are expected to further propel market growth.
  • Rising adoption of healthcare coverage, product launches, healthcare infrastructure expansion, and presence of key suppliers are driving the US market.
  • Availability of skilled professionals, advanced orthotic devices, and patient demand for these products are boosting the US market.
  • The Chinese market is anticipated to grow rapidly due to urbanization, government healthcare improvements, medical tourism, and rising disposable income.

High Demand for Market Insights: Discover Comprehensive Trends in Our Full Report!

Competitive Landscape:

Limitations in traditional orthotics manufacturing processes mean patients often face long wait times for necessary devices. Consequently, there is a significant emphasis on technological advancements aimed at providing a competitive advantage to providers of orthotic devices, casts, and splints throughout the forecast period.

Companies are actively pursuing strategies to enhance production capacity and innovate new products to drive revenue growth. Additionally, they are leveraging partnership strategies such as acquisitions and mergers.

For example,

  • In February 2021, Breg, Inc. introduced Pinnacle and Ascend™, two new lines of spinal orthoses. This launch included 15 new products designed to enhance care for individuals with spinal injuries, while expanding their product offerings.

Key Companies Profiled:

  • Fillauer LLC
  • ComfortFit Orthotic Labs Inc.
  • Hanger Inc.
  • Amfit Inc.
  • Ascent Meditech Ltd.
  • De royal Industries, Inc.
  • Performance Health Inc.
  • DJO, LLC
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • 3M Healthcare

Orthotic Devices, Casts, and Splints Industry Survey:

Orthotic Devices, Casts, and Splints Industry by Product Type:

  • Casting Supplies & Equipment
    • Plaster Casts
    • Casting Tapes
    • Cast Cutters
    • Casting Tools and Accessories
  • Splinting Supplies & Equipment
    • Fiberglass Splints
    • Plaster Splints
    • Other Splints
    • Splinting Tools and Accessories
  • Orthotics
    • Functional Orthotics
    • Accommodative Orthotics

Orthotic Devices, Casts, and Splints Industry by Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Orthopedic Clinics
    • Nursing Facilities
  • Retail Sales
    • Online Sales
    • Retail Pharmacies
    • Drug Stores

Orthotic Devices, Casts, and Splints Industry by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube