Market Research Blog – Page 1151 – New Product Development

Global Swab and Viral Transport Medium Market Expected to Reach USD 15.60 Billion by 2033 at a 5.8% of CAGR

The global swab and viral transport medium market. According to FMI’s market attractiveness analysis, the global market is projected to reach approximately USD 8.86 billion by the end of 2023. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 5.8%, surpassing USD 15.60 billion by 2033.

This significant growth trajectory underscores the increasing demand for swab and viral transport mediums, driven by their crucial role in diagnostic testing and disease management. The rise in global health initiatives, heightened awareness of infectious diseases, and advancements in diagnostic technologies are key factors contributing to this market expansion.

The analysis highlights the evolving needs of healthcare providers and the growing emphasis on accurate and efficient testing processes. As the market evolves, stakeholders and industry players are presented with substantial opportunities for growth and innovation.

Companies in the swab and viral transport medium business are producing inventive kits with vials, double-ended flocked swabs, medications, and other items that avoid bacterial or fungal contamination. They are concentrating on a better solution formulation to stop the growth of bacterial and fungal flora. The market is expanding owing to new viral transport medium solutions.

An additional element fueling the market expansion is the rise in the number of novel viruses that have the potential to infect humans and cause a variety of illnesses. According to an article in Nature from 2021, certain respiratory viruses are resurfacing in unexpected ways as pandemic limitations loosen. Infections with the respiratory syncytial virus (RSV), which accounts for 5% of all pediatric fatalities globally, began to rise in April 2021. As a result of the increased need for specimen collection kits and diagnosis, the prevalence of additional infectious illnesses is predicted to propel market expansion.

Manufacturers are creating viral transport mediums for influenza diagnostics as the flu season gets underway. Healthcare in western nations is extremely concerned about influenza-related morbidity and death. To provide swabs and viral transport mediums, manufacturers are expanding their research and development capabilities. Manufacturers are also starting to recognize the advantages of online pharmacies over hospitals and retail pharmacies. To increase their revenue sources, they are working with established e-Commerce companies.

Owing to its highly developed medical infrastructure and high frequency of infectious illnesses, North America is predicted to dominate the global market during the forecast period. During the pandemic, North America saw a spike in laboratory testing, which fueled the market expansion. The market is also growing significantly due to the existence of biopharma businesses, a large number of labs, and research studies on viral infection.

Key Takeaways

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 9%through 2033.
The United States is expected to develop at a1%CAGR during the forecast period.
With a CAGR of 0%over the forecast period, Canada is predicted to develop promptly in the market.
In China, the market is expected to proliferate, registering a CAGR of 7%over the forecast period.
Germany is estimated to grow decently registering a CAGR of 7% until 2033.

Competitive Landscape

Top players operating in the swab and viral transport medium market are McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, Titan Biotech Ltd., Medical Wire & Equipment, and others.

These market players are always inventing and creating new products to suit the various requirements of diagnostic laboratories and research institutions. They are enhancing the design and components used in swabs to enhance their collection efficacy. They are also developing transport mediums that can hold viral specimens for extended periods without compromising their vitality. Additionally, to improve the stability and accuracy of diagnostic samples, they are also combining advanced technologies.

Recent Developments

In June 2022, the start of long-distance drone deliveries in North Carolina was announced by Zipline and Cardinal Health.
In May 2020, in several pharmacies across the United States, Health Mart® pharmacies announced that they would provide free COVID-19 test collection. Health Mart is dedicated to creating cutting-edge public and private collaborations as a member of the McKesson Corporation to assist address the COVID-19 epidemic.

Other Key Players Operating in the Swab and Viral Transport Market

Thermo Fisher Scientific Inc.,
Quidel Corporation,
COPAN Diagnostics Inc.,
VIRCELL S.L., Deltalab,
Titan Biotech Ltd.,
Medical Wire & Equipment

Swab and Viral Transport Medium Market by Category

By Product:

Viral Transport Medium
- Tissue Culture Medium
- Glycerol Transport Medium
Virus Swabs
- Nasopharyngeal Swabs
- Deep Nasal Swabs
- Combined Nasal & Throat Swabs
- Culture Swabs
- Vaginal Swabs

By Application:

Influenza
Respiratory syncytial virus
Mumps Virus
Adenovirus
Rhinovirus
Herpes Simplex Virus
Varicella-Zoster Virus
Other Indication

By End User:

Hospitals & ASCs
Specialty Clinics
Diagnostic Laboratories
Others

Author

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.

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: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Eye Infections Treatment Market Expected to Reach USD 9.9 Billion by 2030, Growing at a CAGR of 3.8%

The global eye infections treatment market is estimated at approximately USD 7.3 billion for 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030, with demand anticipated to reach a value of USD 9.9 billion by the end of the forecast period.

The rise in eye infections and the increasing prevalence of conditions such as conjunctivitis, keratitis, and uveitis are key factors driving the demand for effective treatment options. As awareness of eye health continues to grow, both healthcare providers and patients are increasingly seeking advanced therapies and medications to address these common but potentially serious conditions.

The projected growth reflects a rising demand for advanced treatments and therapies for eye infections, driven by increasing incidences of ocular diseases, advancements in medical technologies, and growing awareness about eye health. The market expansion is supported by ongoing research and development efforts aimed at enhancing the effectiveness and accessibility of treatments.

This upward trajectory highlights the importance of continued innovation and investment in the eye infections treatment sector, offering significant opportunities for healthcare providers, pharmaceutical companies, and investors alike.

Key Takeaways of Eye Infection Treatment Market Study

Antibiotics would contribute over 55% of revenue share in the eye infection treatment market owing to their use in treating primary eye infections and post-surgical eye infections.
Eye drop sales capture over 60% market share in the eye infection treatment market.
Conjunctivitis would account for a third of eye infection treatment demand through 2030.
Bacterial infections continue to account for over 3/5^th market share.
Hospitals and retail pharmacies collectively generate over 70% of total returns to shareholders.
The increasing rate of eye surgeries and rising usage of contact lenses continue to push the North American market. European market would be upheld by the expanding geriatric pool.

Demand for eye infection treatment will continue to receive a strong impetus from increasing awareness about different eye infection types and availability of treatment, further complemented by technological advancements on ophthalmology.

Development and Licensing Deals with Multiple Commercialization Partners

Technology developers are laying greater emphasis on developing of novel ophthalmic formulation technologies and engaging with commercialization partners with licensing-out proprietary ophthalmic technologies.

For instance, Nicox S.A. has licensed out ZERVIATE (cetirizine ophthalmic solution) 0.24% to Eyevance Pharmaceuticals LLC for commercialization of ZERVIATE in the US. ZERVIATE is the first topical ocular formulation of antihistamine cetirizine approved for treatment of ocular itching associated with allergic conjunctivitis. In addition, Ocumension Therapeutics is responsible for all development and commercialization activities in Chinese market for ZERVIATE.

Demand for Eye Infection Drugs to Slump Amidst COVID-19 Pandemic

The coronavirus (COVID-19) pandemic has resulted in widened gap between supply and demand of eye infection treatments. As such, it has significantly reduced ocular surgery rate for short-term basis and, in turn, post-operative eye infections.

According to World Health Organization (WHO), national healthcare resources redirection and utilization to contain COVID-19 pandemic is expected to delay and reschedule the treatment of non-critical healthcare conditions for brief period, including eye care services, and ocular surgeries.

Know More About FMI’s Global Eye Infections Treatment Industry Study

Eye infection treatment market, a new study from Future Market Insights, opines on eye infections treatment from 2015 – 2021 and presents demand projections from 2022 – 2030 on the basis of; drug class (antibiotics, antivirals, antifungals, antihistamines, corticosteroids, and glucocorticoids), dosage form (tablet, capsule, ophthalmic ointment, and eye drops), indication (conjunctivitis, keratitis, endophthalmitis, blepharitis, stye or sty (hordeolum), uveitis, cellulitis, and ocular herpes), causative agent (virus, bacteria, fungus, and allergens) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and drug stores) across seven prominent regions.

A Old Full Report Analysis Click Here

Key Segments of Global Eye Infections Treatment Industry Survey By Drug Class:

Antibiotics
- Sulfonamides
- Macrolides
- Erythromycin
- Chloramphenicol
- Aminoglycosides
- Fluoroquinolones
- Vancomycin
- Tetracyclines
Antivirals
- Thymidine-Based Nucleoside Analogues (Trifluridine)
- Thymidine Phosphorylase Inhibitors (Trifluridine)
- Acyclic Nucleoside Analogue of 2’Deoxyguanasine (Ganciclovir)
- Acyclic Guanine Nucleoside Analog (Acyclovir)
- Others
Antifungals
- Polyenes (Amphotericin B (AMB) And Natamycin (NTM))
- Azoles (Miconazole (MCZ), Econazole (ECZ) And Ketoconazole (KCZ))
- Pyrimidines
- Echinocandins (Caspofungin (CFG) and Micafungin (MFG))
- Others
Antihistamines
Corticosteroids
Glucocorticoids

By Dosage Form:

Eye Infections Treatment Tablets
Eye Infections Treatment Capsules
Eye Infections Treatment Ophthalmic Ointments
Eye Infections Treatment Eye Drops
Others

By Indication:

Eye Infections Treatment for Conjunctivitis
Eye Infections Treatment for Keratitis
Eye Infections Treatment for Endophthalmitis
Eye Infections Treatment for Blepharitis
Eye Infections Treatment for Stye or Sty (Hordeolum)
Eye Infections Treatment for Uveitis
Eye Infections Treatment for Cellulitis
Eye Infections Treatment for Ocular Herpes

By Causative Agent:

Virus
Bacteria
Fungus
Allergens

By Distribution Channels:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores

Author

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.

About Future Market Insights (FMI)

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Medical Protective Equipment Market Projected to Reach USD 52.8 Billion by 2033, Expanding at a CAGR of 9.5%

The global demand for medical protective equipment (PPE) market is expected to reach an impressive USD 52.8 billion by 2033, expanding at a compound annual growth rate (CAGR) of 9.5%. This growth underscores the increasing emphasis on safety and infection control within healthcare settings worldwide.

The rise in demand for medical protective equipment is driven by several factors, including the growing awareness of infection prevention, the ongoing impact of the COVID-19 pandemic, and regulatory measures promoting the use of PPE in various environments. Healthcare professionals and the general public alike are recognizing the importance of protective gear in mitigating the spread of infectious diseases.

The Global Medical Protective Equipment Market is being driven by the surging demand from healthcare facilities. Key players in the market have concentrated their focus on enhancing their product offerings in face masks, face shields, gowns, and gloves. The companies are also emphasizing expanding the production capacities of the product to contribute towards the overall market growth.

The stringent governmental norms and heightened concerns towards health and safety are projected to induce end users to invest in medical protective equipment. Thereby, driving the medical protective equipment industry forward. Additionally, medical protective equipment helps decrease the exposure to hazards that can lead to serious health issues. Growing awareness regarding the benefits of shielding via medical protective equipment is projected to accelerate market expansion in the upcoming years.

Since maintenance of hand hygiene is considered important to avoid getting infected by infectious diseases, the demand for gloves is surging significantly. Also, medical gloves are used to safeguard the wearer as well as other patients from spreading the infection or illness during medical procedures or examinations. Increasing surgical procedures over the forthcoming years is projected to boost the sales of medical gloves, thus shaping the medical protective equipment industry.

Key Highlights of the Global Medical Protective Equipment Industry :

The United States holds a large share of the medical protective equipment market. The same trend is projected to be followed in the forthcoming years, as the country is projected to attain US$ 13.8 billion by 2033. The estimated CAGR for the forecast period is 7%.
In the Asia Pacific, China is expected to secure a significant position in the forecast period. The country is anticipated to reach US$ 2.9 billion by 2033, registering a CAGR of 11% in the meantime.
The United Kingdom is predicted to garner market revenue of US$ 2.2 billion by 2033. The market is predicted to expand at a CAGR of 9.5% over the forthcoming years.
The gloves segment is expected to exhibit a CAGR of 8.9% over the forecast period. Growing demand for surgical disposable gloves approved by FDA is propelling the gloves segment forward.

News Featuring Market Developments by Key Players of Medical Protective Equipment Solutions:

In March 2022, Ansell Ltd., a leading provider of personal protective equipment, joined the global players working in the rubber glove industry to establish Responsible Glove Alliance (RGA). The role of RGA is to ensure protection of workers susceptible to forced labor in supply chains, especially within medical supply industries. The initial focus of RGA would be manufacturing industry of rubber glove in Malaysia. This is because Malaysia is world’s leading producer of rubber gloves, and relies extensively on migrant labor.
In March 2022, Dynarex Corporation, extended its durable medical equipment (DME) portfolio to meet the surging demands from long-term care and home-care marketplaces. The offerings of DME includes premium solutions for a range of requirements, such as home care beds, lifts and slings, mattresses, mobility, wheelchairs, etc. and long-term care.
In February 2022, Kimberly-Clark Worldwide, Inc. officially revealed its innovative ICON dispenser collection. These dispensers provide design customization, along with patented technology to supply a 99.99% jam-free, more efficient, virtually noise-free paper towel dispensing experience.

Key Companies Profiled in the Global Medical Protective Equipment Industry:

3M
Ansell Limited
Kimberly-Clark Corporation
Top Glove Corporation Bhd
Dynarex Corporation Inc
DuPont de Nemours, Inc
Honeywell International Inc
Hartalega Holdings Berhad
Cardinal Health, Inc
Halyard Worldwide, Inc
Mölnlycke Health Care
Crosstex International, Inc
Derekduck Industry Corporation
Medline Inc
International Enviroguard
Prestige Ameritech
Alpha Pro Tech
Dukal Corporation
Lakeland Industries, Inc
Titan Hardware Industrial Co., Ltd

Global Medical Protective Equipment Industry by Category

By Product Type:

Gloves
Protective Clothing
Gowns
N95 Respirators
Surgical Masks
Goggles
Face Shields
Head Cover
Shoes Covers

By Usage:

Disposable
Non-disposable

By End User:

Hospitals
NGO’s/ Government Organizations
Ambulatory Surgical Centers
Specialized Clinics
Diagnostic and Research Laboratories

By Region:

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

Author

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 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.

About Future Market Insights (FMI)

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Geospatial Analytics Market is growing at a CAGR of 12.5% over the forecast period by 2022-2032 | Future Market Insights, Inc.

The global geospatial analytics market is expected to reach a valuation of US$ 10.6 Bn in 2022. With sales growing at a 12.5% CAGR over the assessment period, the market size will reach US$ 34.5 Bn by 2032.

As per FMI, the geospatial analytics market is driven by factors such as technological advancements in machine learning and artificial intelligence, and big data technologies for analyzing geospatial data. Geospatial analytics collects geographical data and imagery from earth observation, geographic information system, global navigation and satellite systems and positioning, location sensors, and mobile devices, structures data visualization and supports tracking the relationships among places and people.

As per the report by the Bureau of Labor Statistics, geographical information system development will be specifically strong in cities with a well-established base of database and cartography technology. This includes federal government agencies comprising the United States Geological Survey, Forest Service National Oceanic and Atmospheric Administration, National Imagery and Mapping Agency, and Federal Emergency Management Agency.

The telecom industry is transforming quickly and needs the support of modern spatial technology to enhance its effectiveness and meet the increasing demand. Cell phone utilization is rising in emerging and developed nations, and telecom companies are looking to expand their reach. This quick diversification of the telecom industry is driving the usage of geographic information system.

Geographic network has proven to be specifically useful in today’s telecommunication industry, as it offers the means to generate highly precise maps, increase asset location, and visualize details in a more effective and interactive way. Utilizing geographic information tools at network installation, maintenance, and planning stages, telecommunication operators can lower network construction prices and make sure that their networks are formed in the right places. Thus, the increasing usage of GIS in the telecommunication industry will continue augmenting the growth in the market over the forecast period.

“The demand of geospatial analytics solutions is increasing in the government and defense sector as geospatial data supports border security operations by offering awareness regarding the situation. The adoption of advanced technologies like AI-powered analytics platform is propelling the adoption of geospatial solutions in the government and defense sector,” says an FMI analyst.

Key Takeaways:

By component, sales in the solutions segment are anticipated to grow at a CAGR of 13.3% through 2032.
Based on application, demand in the network and location analysis segment is expected to increase at a CAGR of 13.8% over the assessment period.
In terms of deployment mode, the cloud segment is anticipated to expand at a CAGR of 13.5% through 2032.
Based enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 14.4% through 2032.
By industry, adoption of geospatial analytics in the agriculture segment is anticipated to grow at a CAGR of 17.8%.
South Asia and Pacific is expected to progress at the highest CAGR of around 15.6% followed by East Asia through 2032.
The market in Japan is expected to progress at a CAGR of around 14.6% through 2032.
In India, sales are expected to grow at a CAGR of close 17.0% over the next ten years.

More Valuable Insights on Geospatial Analytics Market

Future Market Insight’s report on the geospatial analytics research is segmented into six major sections – component (solutions (geocoding and reverse geocoding software, geospatial analysis software, GIS mapping software, and others) and services (consulting, integration and deployment, and support and maintenance)), application (surface and field analytics, network and location analysis, geo-visualization, and others), deployment mode (cloud, and on-premises), enterprise size (small and mid-sized (SMEs), and large enterprises), industry (energy and utilities, government and defence, telecommunication industry, mining and natural resources, automotive, agriculture, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the geospatial analytics outlook.

Geospatial Analytics Outlook by Category

By Component:

Solutions
Geocoding and Reverse Geocoding Software
Geospatial Analysis Software
GIS Mapping Software
Others
Services
Consulting
Integration and Deployment
Support and Maintenance

By Application:

Surface and Field Analytics
Network and Location Analysis
Geovisualization
Others

By Deployment Mode:

Cloud
On-premises

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Energy and Utilities
Government and Defense
Telecommunication Industry
Mining and Natural Resources
Automotive
Agriculture
Others

Competition Landscape

Alteryx, Trimble Inc., Bentley Systems, Google, Esri, Oracle Corporation, Deloitte, General Electric, SAP, and Orbital Insights are some of the leading players operating in the global geospatial analytics market.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15134

About Future Market Insights (FMI)

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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
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Global Medical Mask Market Projected to Reach USD 16,780.20 Million by 2034, Growing at a CAGR of 10.80%

The global medical mask market is expected to reach a significant size of approximately USD 6,017.30 million in 2024, with projections indicating robust growth that could see the market expand to USD 16,780.20 million by 2034. This growth reflects a compound annual growth rate (CAGR) of 10.80%, driven by increasing awareness of health and safety measures.

The surge in demand for medical masks is largely attributed to the ongoing emphasis on infection control and prevention in healthcare settings, as well as rising awareness of the importance of personal protective equipment (PPE) among the general public. The COVID-19 pandemic has underscored the vital role of medical masks in safeguarding public health, further solidifying their place in both clinical and everyday environments.

Key factors contributing to the anticipated growth of the medical mask market include:

Rising Health Awareness: Growing awareness regarding the transmission of infectious diseases is driving the demand for medical masks, especially in hospitals, clinics, and crowded public spaces.
Regulatory Support: Government regulations and guidelines encouraging the use of medical masks in various settings are further propelling market growth.
Technological Advancements: Innovations in mask design and materials, including the development of reusable and more effective filtration technologies, are enhancing consumer confidence and acceptance.
Expanding Healthcare Infrastructure: The increasing establishment of healthcare facilities and the growing emphasis on infection prevention measures are facilitating market expansion.

As the medical mask market continues to evolve, stakeholders are encouraged to focus on product innovation and quality assurance to meet the rising demand and address the diverse needs of healthcare providers and consumers alike.

Medical masks have emerged as an indispensable component in healthcare settings, particularly during surgical procedures. Their essential role in maintaining hygiene and ensuring infection control has catapulted the demand for these masks across various medical facilities, including ambulatory surgical centers, hospitals, dental settings, and more. The availability of diverse mask variants tailored to specific applications and designed for various end-users has emerged as a pivotal driving factor, fostering the continuous expansion of the Global Medical Mask Industry throughout the forecast period.

Consistent growth in the number of surgeries performed globally is boosting the demand for anesthesia mask and laryngeal masks, which is expected to contribute to the growth of the Global Medical Mask Industry during the forecast period.

Increasing number of infectious diseases and pollution as well as growth in the number of surgeries worldwide are providing further impetus to the growth of Global Medical Mask Industry.

The COVID-19 Impact on Medical Mask Sales

The novel coronavirus (COVID-19) pandemic has put a huge strain on the Global Medical Mask Industry, with the gap between supply and demand gradually widening. COVID-19, being primarily a respiratory disease, makes it imperative to incorporate personal protective equipment (PPE) such as medical masks for both, medical professionals and general public. This is both a challenge and opportunity for market players, which are focusing on scaling up production capacities in order to satiate the rapidly growing demand.

Key Takeaways of Global Medical Mask Industry Study

In terms of product type, N95 respirators are expected to contribute over 25% of revenue in the medical mask market.
Owing to low product cost and demand, surgical mask is the most preferred choice among costumers.
Surgeries dominate the medical mask market by application, as medical professionals mostly prefer medical masks during surgeries to avoid contamination.
In terms of end user, hospitals are expected to capture over 50% of share in the medical mask market during the forecast period.
North America is the highest revenue generating market by region due to well-established and sophisticated healthcare infrastructure. East Asia is expected to offer lucrative opportunities owing to rapid healthcare programs and flourishing medical facilities.

Leading Manufacturers Focus on Mergers & Acquisitions

Leading manufacturers in the medical mask market are focusing on regional mergers & acquisitions to enhance their product portfolio and expand their regional presence. For instance, in 2021, Examinetics announced its collaboration with Moldex-Metric Inc. to offer online respirator clearance evaluations. In 30 march 2022, the company moved quickly to expand its production capacity for N95 masks and start its new operation in Phoenix.

Want more insights?

Global Medical Mask Industry, a new study from future market insights, opines on the application of Medical mask from 2014 – 2021 and presents demand projections from 2022 – 2030 on the basis of; product type (surgical mask, N95 respirators, face mask, full-face mask, laryngeal masks and anesthesia masks), application (respiratory safety, infections disease, allergies and surgeries) and end user (hospitals, academic & research institutes, diagnostic laboratories, individual) across seven prominent regions.

Key Market Segments Covered in Medical Mask Industry Research By Product:

Surgical mask
N95 Respirators
Face mask
Full-Face Mask
Laryngeal Masks
- Disposable Laryngeal Masks
- Reusable Laryngeal Masks
Anaesthesia Masks
- Disposable Anaesthesia Masks
- Reusable Anaesthesia Masks

By Application :

Infections Disease
Respiratory Safety
Surgeries
Allergies
Others

By End User :

Hospitals
Diagnostic Laboratories
Research and Academic Institutes
Others

By Region :

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

Author

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.

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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Sports Betting Market to Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2022 to 2032

At a compound annual growth rate (CAGR) of 10.2%, the sports betting industry is projected to reach USD 223.40 billion by 2032 from USD 84.58 billion in 2022.

The primary factors influencing the sports betting market’s adoption and future trends are the rise in connected smart smartphones, shifts in the digital landscape of South Asian economies, and the growing popularity of online betting among millennials.

The Covid-19 phase, which has been in effect for the last two years, has pushed younger people to spend more time on smartphones, which has favoured adoption of sports betting. The younger population is primarily concentrated in Asian countries. During lockdowns that had a positive effect on the sports betting market key trends and opportunities, consumers gravitated most toward the internet platform to solve their monetary, social, and psychological issues.

The proliferation of wireless connectivity and the expansion of digital infrastructure are driving the sports betting market. Consumer behaviour has changed as a result of the increased use of smartphones also surging the demand for sports betting, including how people bet on games.

Additionally, as there are more sporting competitions and leagues, there is a rising demand for sports betting resulting in boosted sales of sports betting.

The most bets are placed on sports like football, basketball, baseball, hockey, cricket, boxing, and auto racing. Sports betting include non-athletic events like eSports and horse racing.

Additionally, as internet usage has increased, there have been more investments made in online platforms, which has led to sports betting market growth.

KEY TAKEAWAYS:

The online platform segment, which is predicted to dominate the sports betting market with growth at a CAGR of 12.6% through 2032, led the sports betting market in terms of platforms.
While the eSports betting segment is expected to grow at the fastest CAGR of 14.8% through 2032, the fixed odds wagering segment currently holds a sports betting market share of over 25%.
Football holds a 23.0% sports betting market share in terms of sports type and is anticipated to grow over time.
The second-largest sports betting market share was held by the horse racing industry, which is projected to expand at a CAGR of 10.3% through 2032.
Through 2032, sports betting market growth in the basketball and baseball segments is anticipated to be close to 10%.
Around 30.0% of revenue of sports betting market was generated in the Asia Pacific region, which is also predicted to have the highest CAGR over the forecast period.
During the forecast period, the Europe region is expected to exhibit a CAGR of nearly 11%.
In 2022, Europe held a 37% sports betting market

COMPETITIVE LANDSCAPE:

New market research report on sports betting says that 888 Holdings Plc; Bet365; Betsson AB; Churchill Downs Incorporated; Entain plc; Flutter Entertainment Plc; IGT; Kindred Group Plc; Sportech Plc; William Hill Plc are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the sports betting market, including sports betting market growth, sports betting market share, sports betting market key trends and opportunities and important sports betting market statistics.

RECENT DEVELOPMENT:

LAUNCH:

A new website on a sports betting platform powered by blockchain technology was launched by Bitgame, a sports betting platform operator with headquarters in Poland, in May 2021. To give users a seamless and engaging experience, the new website combined sports betting and blockchain-secured cryptocurrency.

ACQUISITION:

For US$1.2 billion in cash ($1 billion) and Endeavor Group Holdings Inc.’s Class A common stock ($200 million), Scientific Games sold OpenBet to the US-based entertainment and Sports Company in September 2021.

Key Segments

By Platform:

Offline
Online

By Betting Type:

Fixed Odds Wagering
Exchange Betting
Live/In Play Betting
Pari-mutuel
eSports Betting
Others

By Sports Type:

Football
Basketball
Baseball
Horse Racing
Cricket
Hockey
Others

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Medical Ventilators Market Projected to Reach Over USD 4 Billion by 2033, Advancing at a CAGR of 9.1%

The global medical ventilators market is expected to hold a market value of approximately USD 1.7 billion in 2023. With a projected compound annual growth rate (CAGR) of 9.1% between 2023 and 2033, the market is anticipated to surpass USD 4 billion by 2033.

The growth in the medical ventilators market is primarily driven by the increasing prevalence of respiratory diseases, advancements in ventilator technology, and heightened awareness regarding the importance of respiratory support in critical care settings. The demand for high-quality and efficient ventilators has surged, particularly in the wake of the COVID-19 pandemic, underscoring the critical role these devices play in patient care.

The impact of the COVID-19 pandemic has further accelerated market growth. As a result of viral infections, many patients have required ventilator support. In response, governments around the world have made significant investments in medical ventilator procurement. For instance, in April 2020, the United States government entered into a US$ 1.1 billion contract with General Health and Philips to bolster ventilator supplies. Additionally, in the same month, the United Kingdom secured 300 new ventilators from China.

The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

The surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Medical Ventilators Market Key Takeaways:

The market is expected to record a growth rate of 9.1%.
In 2023, the market valuation is expected to be at US$ 1.7 billion.
By 2033, the market value is expected to surpass US$ 4 billion.
As per the regional analysis, North America is expected to be the largest market.
The United States market is expected to grow at 6.8%.
The United Kingdom market is projected to advance at 5.8%.
China’s market is anticipated to surge by 14.7%.
Japan’s market is expected to advance at 9.1%.
The South Korean market is anticipated to grow at 8%.
Based on product type, critical care ventilators are expected to be the leading segment and may surge at 8.6%.
Based on application, invasive ventilators are projected to be the dominant segment and are expected to grow at 7.5%.
Based on the end user, the hospital segment is expected to be the leading segment.

Medical Ventilators Market Competitive Landscape

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with the latest microprocessors. There are also huge investments being made in Research and Development, to create the best quality ventilators. The manufacturers are also investing in tactical mergers and acquisitions, to expand their market share. To achieve sustainable goals, the manufacturers are also looking to cut down greenhouse emissions and make use of eco-friendly facilities. To make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the market:

Cardinal Health
Becton Dickinson and Company
GE Healthcare

Key developments in the medical ventilators Industry:

In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence in biosimilars.
In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson, and Company.

Medical Ventilators Market Segmentation

By Product:

Critical Care Ventilators
Transport Ventilators

By Application:

Invasive Ventilators
Non-invasive Ventilators

By End User:

Hospitals
Ambulatory Surgical Centers
Long-Term Care Centers
Home Care Settings

Author

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.

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Global Single-Use Filtration Assemblies Market Projected to Drive Past USD 19.28 Billion by 2033, Surging at 18.5% CAGR Growth

The single-use filtration assemblies market is aiming to achieve a significant valuation of USD 19.28 billion by 2033, propelled by a striking Compound Annual Growth Rate (CAGR) of 18.5%. This notable trajectory underscores the increasing significance of maintaining sterile conditions and the widespread adoption of single-use filtration assemblies across diverse industries.

The substantial surge in market value can be attributed to the heightened emphasis on maintaining sterile conditions, particularly in critical sectors like biopharmaceuticals, food and beverage, and biotechnology. Single-use filtration assemblies have emerged as the preferred choice for final and bulk-fill processes within these industries, showcasing their capacity to mitigate contamination risks, enhance operational efficiency, and streamline processes. Their indispensable role in ensuring product safety and quality further solidifies their status as a fundamental solution in today’s dynamic industrial landscape.

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Escalating Investment in Pharmaceutical Research and Development:

Expenditure directed towards pharmaceutical research and development has witnessed a notable surge, driven by the indispensability of single-use assemblies in both expansive and compact biopharmaceutical production endeavors.

Environmentally-Conscious Reflections Amidst Growing Adoption:

The heightened adoption of single-use filter assemblies has sparked discussions concerning the ecological ramifications of increased reliance on single-use plastics. As the single-use filter assemblies sector continues its upward trajectory, it becomes imperative for the industry to formulate strategies aimed at waste reduction and the advocacy of sustainable practices.

Key Insights:

In 2022, the United States held a substantial 36.4% share within the single-use filtration assemblies market.
The market for single-use filtration assemblies boasted significant expansion, amounting to a robust USD 2.98 billion in 2022.
Backed by ongoing innovations from established players, the U.S. market is poised to achieve a commendable 14.9% Compound Annual Growth Rate (CAGR) by 2033.
With a strong emphasis on sustainability and remarkable growth potential, analysts foresee the market to surge by 1.18 times between 2022 and 2023.
The Indian market exhibits promising growth projections with an anticipated 14% CAGR by 2033.
Europe secured a noteworthy 29% share in the single-use filtration assemblies market in 2022.

Dominance by Categories:

Membrane filtration led by commanding a 47.8% share in 2022 and is set to continue its leadership throughout the forecast period.
In terms of application, bioprocessing/biopharmaceuticals maintained supremacy with a substantial 41.6% share in 2022, poised to persist as the market leader.
The filter segment asserted dominance among products with a commanding 21.2% share in 2022 and is set to sustain its leadership during the forecast period.

Strategic Approaches Driving Top Players’ Success:

Key players such as Merck Millipore, Sartorius AG, MEISSNER FILTRATION PRODUCTS, Danaher, Repligen Corporation, Cellab, Medela, Thermo Fisher Scientific Inc., 3M Purification, and Repligen Corporation play a pivotal role in the market landscape.

To effectively address the escalating demand for single-use filters, particularly within the bio-manufacturing sector, these participants are strategically broadening their portfolios. Furthermore, substantial investments in research and development are channelled towards the creation of advanced single-use filter assemblies that outperform conventional alternatives.

Recent Industry Advancements:

In a notable development, Sartorius completely acquired Albumedix, a science-focused company, in August 2022. The acquisition aimed to elevate Sartorius’ status as a provider of cutting-edge media, encompassing essential components and media. This strategic move underlines their commitment to staying at the forefront of innovation.

In another collaborative stride, Sartorius partnered with Sonderanlagenbau HOF in December 2021. This collaboration resulted in the inclusion of vertical plate freeze-thaw machines within Sartorius’ product array. This enhancement offers a comprehensive range of reliable freeze-thaw supplies and equipment, reaffirming Sartorius’ dedication to providing holistic solutions.

Key Segments Covered:

By Type:

Membrane Filtration
Depth Filtration
Centrifugation
Others

By Applications:

Pharmaceuticals Manufacturing
Bioprocessing/Biopharmaceuticals
Laboratory Use

By Product:

Filters
Cartridges
Membranes
Manifold
Cassettes
Syringes
Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Optical Sensor Market is Projected to Rise at a Robust CAGR of Around 10% from 2023 to 2033 | Future Market Insights

The global market for optical sensors is expected to reach a value of around USD 22 billion by 2022. Future Market Insights projects that the industry’s 2023 valuation will be USD 24.2 billion. A robust compound annual growth rate (CAGR) of over 10% is projected for total sales between 2023 and 2033 due to the growing demand for optical sensors for a range of applications. At the end of the designated projection period, a valuation of USD 62.77 billion is expected.

Devices known as optical sensors convert light or changes in light into electrical signals that may then be deciphered by equipment. Electromagnetic radiation with wavelengths ranging from infrared to ultraviolet can be detected by these sensors. Over the past few decades, optical sensors have become incredibly common in the electronics sector.

Because of the presence of end-use industries, countries such as China and the United States are developing as leading destinations for optical sensors. These countries’ citizens spend a lot of money on smart consumer gadgets and healthcare devices like wearables and cell phones.

Significant automation penetration across major industries such as manufacturing, defense, energy & utility, and automobile is driving up optical sensor sales. For non-contact detection and evaluation, optical sensors are being integrated into a wide range of automated machines.

North America is expected to be the most profitable market for optical sensors during the period of evaluation, owing to rising usage of smart home-connected devices, boosting the adoption of optical sensors in businesses and industries, the presence of resulting in industry players, and growing public awareness of the benefits of optical sensors.

Key Takeaways

The market grew at a 6% CAGR during the last five years.
The North American Optical Sensor market is estimated to expand 5% year on year by 2033.
The United States is estimated to generate a US$ 6 billion incremental dollar opportunity from 2023 to 2033.
Japan is estimated to have an additional dollar opportunity of US$ 600 million between 2023 and 2033.
South Korea is estimated to have an incremental monetary opportunity of US$ 550 million between 2023 and 2033.

Competitive Landscape

In July 2022 – Sony Corporation introduced the IMX675, a 1/3-type CMOS image sensor for CCTV cameras with approximately 5.12 megapixels*2 that offers full-pixel output from the obtained image as well as high-speed processing of parts of interest.

In October 2022 – Lumotive and Gpixel cooperated to launch a reference design platform that comprises 3D lidar and CMOS image sensors, enabling companies to deploy next-generation 3D lidar sensors in transport and industrial applications such as autonomously following robots in logistics scenarios.

Key Companies Profiled

Analog Devices Inc.
ABB Ltd.
STMicroelectronics
AlphaSense
Texas Instruments
NXP Semiconductor
ams AG
Honeywell International Inc.
ROHM Semiconductor

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global optical sensor market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by type (fiber optics, position sensors, image sensors, ambient light sensors, proximity sensors, infrared sensors, and others), and application (consumer electronics, automotive, industrial process control, military & defense, energy & utility, transportation & navigation and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Key Segments Profiled in the Optical Sensor Industry Survey

Type:

Fiber Optics
Position Sensors
Image Sensors
Ambient Light Sensors
Proximity Sensors
Infrared Sensors
Others

Application:

Consumer Electronics
Automotive
Industrial Process Control
Military & Defense
Energy & Utility
Transportation & Navigation
Others

Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

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Gene Synthesis Market Projected to Reach Over USD 4.5 Billion by 2033, Growing at a Robust Rate of 19.2%

The global gene synthesis market is poised for remarkable growth, with expectations to grow at a sturdy rate of 19.2% during the forecast period. In 2023, the market valuation is anticipated to reach approximately USD 779.4 million, with projections indicating that it will exceed USD 4.5 billion by 2033.

This accelerated growth in the gene synthesis market is driven by increasing applications in various fields such as biotechnology, pharmaceuticals, and synthetic biology. The ability to rapidly and accurately synthesize genes is becoming increasingly crucial for advancements in personalized medicine, genetic engineering, and various research initiatives.

Key factors contributing to the anticipated growth of the gene synthesis market include:

Rising Demand for Custom Genes: The growing need for tailored gene synthesis solutions in research and development, particularly in drug discovery and development, is driving market expansion.
Advancements in Technology: Continuous technological innovations in gene synthesis techniques are enhancing accuracy, efficiency, and speed, making them more accessible to researchers and companies.
Increased Investment in Biotechnology: Significant investments in biotechnology and pharmaceutical sectors are fostering research and development activities, further fueling the demand for gene synthesis services.
Applications in Synthetic Biology: The expanding applications of gene synthesis in synthetic biology, including the development of biofuels, bio-based products, and gene editing technologies, are expected to drive market growth.

As the gene synthesis market continues to evolve, stakeholders are encouraged to invest in innovative solutions and research initiatives to meet the growing demand for advanced genetic technologies.

Comparison between the Historical CAGR (2017 to 2022) with the Projected CAGR

The rapid development of biotechnology, and in particular the processing of gene data, has created new research opportunities. The use of gene synthesis is anticipated to increase as a result of scientists’ intensive study of DNA sequences to understand the evolution of humans.

The present research projects that focus on extending human life span also employ this technique. The market has seen strong growth with such significant growth. However, because of the lockdown and supply chain disruption, the market may experience a slight decline. The market’s historical CAGR was 19.9%, whereas the projected CAGR is 19.2%.

Key Growth Drivers

Strong activity taking place in the emerging field of synthetic biology plays a major role in the growth of market.
Widespread use of gene synthesis services for multiple drug development applications to add to the global footprint of players.
Extensive use of molecular applications for higher service quality and customer loyalty is a major factor contributing to market growth.
The development of genomic based studies for noble therapeutic applications will drive adoption.

Key Impediments

The gene synthesis market is facing increasing challenges owing to price reductions, and tech restraints associated with the highly competitive market landscape.

Competition Structure Analysis – Gene Synthesis Market

The competition landscape of gene synthesis market remains Highly consolidated. Key players are also investing in strengthening service infrastructure, to keep up with the needs of commercialization. Players are also focusing their efforts towards emerging economies including India, Mexico, and Brazil.

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Gene Synthesis Market Segmentation

By Service:

Gene Synthesis Service (Standard Gene Service, Express Gene Service, Complex Gene Service, Custom Gene Synthesis Service)
Gene Fragments Service
GMP Gene Synthesis
Others

By Application:

Diagnostics
Therapeutics
Research and Development Activities
Others

By End User:

Academic and Research Institutes
Biotechnology Companies
Pharmaceutical Companies
Contract Research Organization

By Region:

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

Author

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.

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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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