Wearable Thermometers Market is set to witness robust growth with 8.9% CAGR growth during the year 2021-2031

According to the latest research by Future Market Insights, the wearable thermometers market is set to witness robust growth with 8.9% CAGR growth during the year 2021-2031.

The rising prevalence of Covid-19 cases in the world, which require thermometers to check the human body temperature, drives the wearable thermometers market demand. Increased consumer health awareness has led to wearable temperature sensors being used to efficiently measure health in the modern age.

In order to push the wearable thermometer market during its projected time, electronics integration and technological advancement adoption into everyday operations and changing lifestyles will also be anticipated.

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What is Driving Demand for Wearable Thermometers Market

The growth of the market has been attributed to important factors, including the increasing prevalence of Covid-19 cases around the globe, growing demand for advanced monitoring devices to check body temperature, the widespread number of surgical procedures, the growing concern for children’s health in regions, and the growing demand for healthcare.

Furthermore, the key competitors in the market are witnessing the enormous development of research and development efforts to create new products and enhance existing goods.

The U.S. And Canada Wearable Thermometers Market Outlook

U.S and Canada are the main R&D player in the manufacture of wearable thermometers and the technological advancesment have encouraged the wearable thermometer to develop novel concepts. ?

Factors such as the growing incidents of chronic diseases, the increasing number of technological innovations, the presence of leading players, and the emerging new products in healthcare, etc. can be attributed to growth in the U.S. and Canada.

Additionally, U.S. and Canada is the largest contributor to the wearable wireless thermometer market, with a similar flow likely to continue and dominate the industry in the next several years.

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Europe Demand Outlook for Wearable Thermometers Market

Europe’s fastest-growing market for wearable thermometer market continues and dominate the industry.

Factors such as the rising number of COVID-19 patients, geriatric population, development of new and advanced technologies, and increasing consciousness of innovative health services are the main reasons for the strong growth of the wearable thermometers market in Europe.

Additionally, the growing adoption of AI technologies by key manufacturers has boosted the demand outlook for wearable thermometers in Europe.

Who are the Key Manufacturers and Suppliers of Wearable Thermometers Market

Some of the key players operating in the wearable thermometers market are

  • Terumo Corporation
  • 3M Company
  • Drägerwerk AG & Co.
  • KGaA
  • Cosinuss GmbH
  • Welch Allyn, Inc.
  • Omron Healthcare
  • Microlife Corporation
  • Koninklijke Philips N.V.
  • Cosinuss
  • Masimo
  • Taidoc Technology Corporation
  • C.R. Bard
  • Helen of Troy Limited, and Briggs Healthcare.

Companies involve mergers, collaborations, and acquisitions aimed at enhancing their product portfolios, production capacity, and ensuring competitive variety.

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Key Segment

By Product Type:

  • In-Ear
  • Wristband/Watches
  • Medical Skin Patches
  • Smart Clothing
  • Others

By Application:

  • Clinical
  • Wellness

Retinal Vasculitis Treatment Market | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights

According to the latest research by Future Market Insights, the Retinal Vasculitis market will witness growth during 2021-2031.

Retinal Vasculitis is condition where the blood vessels in the ocular region get inflammated due to associated conditions like auto-immune disorder, inflammatory disorders, infective disorders and neoplastic disorders.

Prevalence of this inflammatory condition is increasing day-by-day as per the statistics given by CDC and Statista.

This will directly affect research and development in finding ways to effectively treat it and hence boosting the market growth.

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What is Driving Demand for Retinal Vasculitis Treatment Market

The foremost driver which is increasing demand for this treatment market is application of Intravitreal Aflibercept injections in treating the vasculitis of retina.

These injections assist in reducing the oedema at the inflammation site. Study published in PubMed in Feb 2020 concluded that indeed use of these injections in management of a rare syndrome called as IRVAN (Idiopathic Retinal Vasculitis, Aneurysms and Neuroretinitis) syndrome. Retinal vasculitis is a part of this syndrome.

These injections will prove beneficial and provide more insight for end stage management of this syndrome.

Study from Ophthalmology Retina explored the application of Fluorescein Angiography (FA) in detection of retinal vasculitis in children from Children’s Medical Center in Dallas who were suffering from Paediatric Uveitis. Conclusions of this study made FA another important driving factor in this treatment market.

Researchers concluded that,” Evaluation of paediatric patients through FA is very beneficial in confirming the suspicion of involvlement of RV in it.

As failing in controlling this vasculitis may be a contributing factor poor prognosis of these patients as it can lead to long-term complications. Such studies help improve ailment management which assists in market growth.

Detection of Retinal Vasculitis Through Swept-Source OCT Angiography

Patients with retinal vasculitis treatment were selected for this study and were sent for an ss-OCTA (swept source- ocular coherence tomography angiography).

Thickening of the structure of retina along with showing the leakage in its vascular system due to inflammation.

Even though further in depth studies are required to authenticate if ss-OCTA can prove to be beneficial than FA, this study will propel further research into this application and hence boost the market growth.

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U.S. and Canada Retinal Vasculitis Treatment Market 

As per CDC, 4.2 million Americans suffer from some form of ophthalmic ailment indicating that prevalence of retinal disorders is rising in US.

A new roster of ophthalmic treatments being launched in the country will drive the market towards a positive side. Authorities here are now focusing more on investments in R&D to improve the management and treatment of these retinal disorders.

This collectively makes US a front runner in the retinal vasculitis treatment market in North America Region.

Europe Retinal Vasculitis Treatment Market 

According to data published on Statista, as of 2020, 3.6% eastern-European people suffer from some kind of visual ailment. Owing to this, demand for advanced and swift treatment for retinal disorders is increasing.

Furthermore, the rising technological advancement and increasing investment in R&D is expected to drive the market growth during the forecast period.

Who are the key Manufacturing and Supplying Companies in Retinal Vasculitis Treatment Market

Key players:

  • Regeneron Pharmaceuticals, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Shire (Takeda Pharmaceutical Company Limited)
  • Bayer AG
  • Santen Pharmaceutical Co., Ltd.
  • Pfizer, Inc.
  • Allergan plc
  • Graybug Vision, Inc.
  • Novartis AG
  • Acucela Inc.
  • Merck & Co., Inc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Key Segments

By Drug Type:

  • Corticosteroids
  • Anti-Inflammatory
  • Immunosuppressants

By Infection Type:

  • Bacterial
  • Viral
  • Fungal
  • Parasitic
  • Rickettsia

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Stores Pharmacies
  • Online Stores
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania

Malaria Ag Rapid Testing Market Is Set To Experience 5% Growth During The Year 2021-2031

According to the latest research by Future Market Insights, Malaria Ag rapid Testing Market is set to experience 5% growth during the year 2021-2031. Malaria Ag rapid testing kits allows for quick detection of malarial antigen present in human body without the use of microscopes or in lab set-ups. Primary advantage of using a rapid testing kit is its ease of collection, cost effectiveness, safety and user friendly.

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What is Driving the Demand for Malaria Ag Rapid Testing Market

Malaria Ag rapid testing or rapid diagnostic test are lateral flow immunochromatographic antigen detection test, usually available in test strip or cassette form. These test detect the presence of malarial parasite antigen, in an infected human blood giving results within 15 minutes. Such procedures are simple, safe and easier for quick diagnosis of malaria at an initial stage and does not require special equipment or training.

An increasing number of cases of malaria in tropical countries along with increasing travelers visiting these countries, and in turn getting infected by malaria, can be seen rising in recent years.

Also the unavailability of lab testing for diagnosis of malaria in most endemic countries has further increased the necessity for the malaria antigen rapid tests.

A per the 2019-20 report by World Health Organization (WHO), an estimated 229 Mn cases of malaria was found globally in 87 malaria-endemic countries in 2019.

Of which, 05 countries in Africa region namely, Nigeria (27%), the Democratic Republic of the Congo (12%), Uganda (5%), Mozambique (4%) and Niger (3%), accounted for about 51% of the global cases.

Thus, the demand for the Malaria Ag rapid testing market is likely to provide incremental opportunity in the forecasted period.

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Which Factors are likely to Augment the Growth of the Malaria Ag Rapid Testing Market

The field of malaria Ag rapid testing market is witnessing series of advancements and is further expected to offer effective diagnostic solutions for infections caused by malaria.

An increasing number of deaths caused due to non-diagnosis of malaria at early stages and increased resistance of parasite especially

P.falciparum to anti-malarial drugs has increased the need for these rapid diagnostic tests to diagnose the disease at the earliest and provide for treatment of same.

As per the 2019-20 report by World Health Organization (WHO), 67% (274,000) of the total deaths caused by malaria, at global level, consisted of children below 5 years of age, in 2019.

Investment in malaria programs and research & development for malaria control and elimination are being undertaken by government and industry players in various regions. Various Public and private sector organizations are also playing major role in promoting and supporting the clinical development of key products.

A per the 2019-20 report by World Health Organization (WHO), an estimated US$ 3 Bn was the total funding provided for malaria control and elimination.

Out of this total, US$ 900 Mn (31% of total funds) of funding was contributed by the government of endemic countries.

It is thus, expected for the malaria Ag rapid test market to seek a growth in the forecasted period.

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North America Malaria Ag Rapid Testing Market Outlook

North America market growth is largely driven by the prevalence of “Airport” Malaria, a common term referring to the malarial infection caused due to the travelling population. Those who visit the malaria-endemic countries and in return get themselves exposed to the infection, resulting in transmission of the infection to the non-infected ones.

As per Centers for Disease Control and Prevention (CDC) report in 2019, approximately 2000 cases of malaria are detected every year in United States.

This is majorly due to increasing number of returning travelers and immigrants coming from countries where malaria transmission happened such as Sub Saharan Africa and South Asia.

Early detection of such cases can reduce future complications as well as risk of transmission associated with the infection. The FDA approved BinaxNOW rapid diagnostic test kit can test for malaria in an individual and help confirm the result.

Alternatively, various policy developments, scientific researches and initiatives, mosquito control programs undertaken by government to eliminate and to reduce the malaria transmission in this segment are expected to further improve the market scenario of Malaria Ag rapid testing.

With increasing number of malaria cases, it is believed to promote the growth of the malaria rapid testing market in the forecasted period.

Europe Demand Outlook for Malaria Ag rapid testing

Europe is anticipated to be the largest market for Malaria Ag rapid testing.

The continuous increase in business related/leisure travels, or migratory movements for employment to and from endemic countries have increased the chances of importing malaria to a malaria-free or non-endemic countries.

As per European Centre for Disease Prevention and Control (ECDC) Annual epidemiological report in 2019, 8641 cases of malarial were reported in Europe region, of which 99% of the cases were confirmed to be travel related infected malaria cases, while the rest 1% was acquired in the Europe.

A trend was observed in travel – related cases when the number of infections increase during or immediately after summer holidays (July –September).

The continuous efforts of government and private players in increasing the awareness about the control and management of malarial cases, growing research and development activities to diagnose malarial causing species in the European region which will further facilitate the growth of the market in the forecasted period.

Who are the key Manufacturers and Suppliers of the Malaria Ag Rapid Testing

Some of the key players of Malaria Ag rapid testing include

  • Abbott
  • Accuquik™ Test Kits (USA) Advy Chemical Pvt. Ltd.
  • Arkray Healthcare Pvt Ltd
  • CTK Biotech Inc.
  •  Biotrol laboratories Pvt. Ltd.
  • malarex Limited (UK)
  • Alere
  • Ameritek Inc.
  • Apacor ltd.
  • Atmo Diagnostics
  • Biosynex
  • Boson Biotech Co. Ltd.
  • HWTAi BioTec
  • Nectar Lifesciences
  • standard Diagnostics
  • TCS Biosciences Ltd
  • Teco Diagnostics
  • okchem.com Bio Lab Diagnostics (I) Private Limited
  • China Tianjin Recare Co., Ltd
  • Avecon Healthcare Pvt Ltd.

Companies offering Malaria Ag rapid testing are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Human Osteoblasts Market Is Set To Witness A 7.1% Growth During The Year 2021-2031

According to the latest research by Future Market Insights, Human osteoblasts market is set to witness a 7.1% growth during the year 2021-2031.

The market has been a competitive market growing at a rapid rate and is expected to witness lucrative growth with the increasing incidences of the chronic illnesses, need for personalized medicines, and investments and grants by the governments.

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What is Driving Demand for Human Osteoblasts

There are several factors that are boosting the market growth, such as increasing cost of organ transplantation and growing medical applications of 3D printing in organ and tissue regeneration.

In addition, the growing incidences of road accidents, chronic diseases, and trauma injuries, ongoing research for tissue regeneration, and technological advancements in 3d tissue engineering are some factors that will increase the demand for human osteoblasts.

Moreover, recent advancements in the field of regeneration surgeries, chiefly stem cell research, is projected to offer lucrative opportunities for human osteoblasts market.

Increasing Number of Chronic Diseases likely to Boost the Human Osteoblasts Sales

The shift towards unhealthy lifestyle and dietary habits lead to different chronic diseases. An increase in number of patients with chronic illnesses is expected to boost the global human osteoblasts market. As per the Centers for Disease Control and Prevention, in 2018, 51.8% of population had been identified with at least 1 of 10 selected chronic diseases in the U.S.

Moreover, growth in applications of 3D printing in tissue regeneration, growth in research & development and innovation in cell therapies, nanotechnology, biomaterials, and drug delivery are expected to boost the global market.

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US and Canada Human Osteoblasts Market Outlook

United States and Canada held the largest market share in the Human osteoblasts market. U.S.

Human osteoblasts market will observe significant growth due to rise in prevalence of chronic diseases presence of key market players with focus on research & development, and new product launches.

Moreover, factors such as increasing government initiatives to develop health care infrastructure and rising of number of clinical trials are expected boost the market in the country.

Europe Demand Outlook for Human osteoblasts

Europe is second-largest market and is anticipated to register a significant growth because of the increasing awareness regarding cell therapy and increasing pool of patients.

Also, growing assistance of the government in the field of life science and increased accessibility to the funds for the research and development activities are expected to further drive the growth of the human osteoblasts market.

Who are the Key Manufacturers and Suppliers of Human Osteoblasts

Some of the leading manufacturers and suppliers of Human osteoblasts include

  • Sigma-Aldrich
  • Athersys Inc.
  • Cerapedics Inc.
  • CryoLife, Inc.
  • Cytori Therapeutics Inc.
  • U.S. Stem Cell Inc.
  • Vericel Corporation
  • Wright Medical Group N.V
  • Biocomposites
  • BD
  • Zimmer Biomet
  • PromoCell and others.

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The human osteoblasts market is competitive, with the existence of a major players available in global markets.

Large scale players in the market have been involved in mergers and acquisitions, partnerships with other smaller companies.  This is one the key trends observed in the human osteoblasts market. Moreover, manufacturers are focusing on patents and approval for their products.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Fluid Transfer Solutions Market Is Set To Witness A Growth Of 5% And 7% During 2021-2031

According to the latest research by Future Market Insights, the Fluid transfer solutions market is set to witness a growth of 5% and 7% during 2021-2031.

Fluid transfer process is considered one of the critical steps in manufacturing processes and takes place routinely in the field of medical, biopharmaceutical or cell therapy industries.

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As it involves careful transfer of fluids under sterile conditions, different types of fluid transfer can be achieved on the basis on intended applications and the industry where it is used. Demand for Fluid transfer solutions is expected to witness an optimistic growth outlook in the long run.

What is Driving the Demand for Fluid Transfer Solutions Market

Continuous research activities for the development of newer treatments, growth in pharmaceutical industry producing new vaccines and cell and gene therapy processing industries can be seen using the aseptic transfer of materials in their processes, from small scale to large scale, thus driving the demand for fluid transfer solutions market.

Aseptic transfer of cell and fluid material requires different equipment or devices depending on various product and processes, and as per the industry.

On the basis of this, there are single-use or disposable fluid transfer products and customized fluid transfer products offered by different companies, made of different material such as poly vinyl chloride (PVC) or silicone or stainless steel.

Application of Fluid transfer solutions varies as per the industry such as in medical industry- Poly Vinyl Chloride (PVC) are used for tubing purpose such as in blood bags, IV and fluid transfer sets, dialysis bags and IV containers. While in biopharmaceutical industry, applications includes single use systems, peristaltic pumps, upstream and downstream and fill and finish processes.

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Benefits from single use fluid transfer systems can be seen in terms of facility design, validation and investment along with reduced risk of cross contamination, faster turn-around time and improved process connectivity.

The single use systems are thus considered to be driving the market for fluid transfer solutions in the forecast period.

Which Factors are likely to Augment the Growth of the Fluid Transfer Solutions Market

The wide range of fluid transfer products from simple tubing to complex mixing solutions available in the market is expected to augment the growth of fluid transfer solutions market during the forecast period.

This includes single use systems (for sampling, small volume transfer tubes), custom sampling solutions, various filtration and transferring assemblies, multibag mixing systems and bottle manifolds.

Continuous focus on development of innovative approaches to handle fluid solutions, increased level of automation and commercialization of new technologies are being undertaken by many companies serving this field.

This will lead to the growth of the market in the forecast period.

North America Fluid Transfer Solutions Market Outlook

North America market growth is largely driven by advanced healthcare infrastructure and growing healthcare driven research and development.

As per the recent report by National Institutes of Health (NIH), the NIH invests nearly $41 Bn in the field of medical research annually, more than 80% of which is funded to the research institutions and medical schools, while the rest support independent projects in USA.

Investment pertaining to clinical researches in medical industry by many private and government organization have been increased in recent times.

Thereby growing the demand for aseptic transfer of materials and drugs under sterile conditions, which is likely to boost the fluid transfer solutions market in this region during the forecast period.

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Europe Demand Outlook for Fluid Transfer Solutions

Europe is anticipated to be the second largest market for fluid transfer solutions.

Growing research and development activities to develop better treatment, new and improved vaccines, leading to innovative aseptic fluid handling approaches and products and the presence of key market players, in the European region will facilitate the growth of the market in the forecasted period.

Who are the key Manufacturers and Suppliers of the Fluid Transfer Solutions

Some of the key players of Fluid transfer solutions include

Companies offering Fluid transfer solutions are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

RNA-Targeted Small Molecules Market Is Set To Witness A 6.6% Growth During The Year 2021-2031

According to the latest research by Future Market Insights, RNA-Targeted Small Molecules market is set to witness a 6.6% growth during the year 2021-2031.

The market is a fragmented market growing at a slow rate and is anticipated to witness lucrative growth with the rising use of methodologies by major players; the market is projected to grow over the forecast period.

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What is Driving Demand for RNA-Targeted Small Molecules

Factors such as development in genome mapping programs, the rising innovative developments, and increasing applications are anticipated to boost the market growth.

Moreover, technological advancements help in the market development. Technological developments has assisted analysts to collect vital information about public health and epidemiology studies, to sequence viruses and bacteria and help find causes that might add to the virulence.

Furthermore, the market is boosted by the advantages of rising number of mRNA-sequencing grants; mRNA-sequencing over traditional technologies; quick development in the precision medicine market; and increasing amount of research including RNA-seq.

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Growing Number of Cancer Cases, likely to Boost RNA-Targeted Small Molecules Sales

Cancer is one of the leading cause of death across the world. As per the American Cancer Society, around 1.8 million new cancer cases were diagnosed and around 606,520 cancer deaths occurred in 2020, in the United States. Hence, rising burden of a wide range of diseases among people, worldwide, is expected to boost the demand for the market.

There has been an increase in the utilization of advanced technologies, like combinatorial chemistry, bioinformatics, and high throughput for better drug candidate detection.

US and Canada RNA-Targeted Small Molecules Market Outlook

The US and Canada RNA-Targeted Small Molecules market is projected to observe a robust growth in the market due to the rise in presence of several cancer-relief organizations and campaigns in the US and Canada.

In addition, US has high opportunities for biosimilars, because biologics hold higher price. By 2021, the US market is expected to be one of the main competitors of biosimilars.

Moreover, beneficial government initiatives and upsurge in number of research partnerships are few of the factors projected to upsurge market growth.

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Europe Demand Outlook for RNA-Targeted Small Molecules

Europe is anticipated to be second most lucrative region for market due to various factors.

The growing patient pool results into a high rate of RNA-targeted small molecules adoption due to the growing number of cancer patients.

In addition, rise in cancer patients, focus on merger and acquisition and funding by the governmental bodies by several major manufacturers is anticipated to lead to RNA-targeted small molecules market growth.

Who are the Key Manufacturers and Suppliers of RNA-Targeted Small Molecules

Some of the leading manufacturers and suppliers of RNA-Targeted Small Molecules include

The market is fragmented with presence of different major players. Technological collaborations and partnerships by the key players in the market with a vision to bridge the demand-supply gap is projected to play a major role in growth of the market.

Globally, they are involved in long term contracts with healthcare organizations, and are comprising into strategic alliances and partnerships with other players in several nations to expand their business.

In addition, key manufacturers are funding extensively in the research and development to produce advanced products.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Sterilants Market will grow from 2.0 Bn in 2020 to 3.2 Bn in 2031 at a 5.9% CAGR between 2021 and 2031

Sterilants sales will continue rising as focus on maintaining a clean and hygienic environment increases to prevent the spread of infections. Future Market Insights in a new study has predicted the sterilants market to reach US$ 2.31 Bn by 2021. Sterilants are chemical agents that destroy (or irreversibly inactivate) bacteria, fungi, and viruses, including their spores. They are also known as sporicides or sterilizers.

The sterilants market is expected to grow significantly in terms of revenue over the forecast period owing to the rising incidence of infectious disease transmission and surging demand for compatible sterilants. Among products available, the demand for ethylene oxide (EtO) is expected to remain considerably high. It is expected to account for over one-fourth sales in the market.

Demand for sterilants is poised to surge especially amid the COVID-19 outbreak. Consecutive waves of the pandemic has put hospitals and healthcare clinics under pressure to efficiently manage a rising footfall of patients. While the healthcare sector is pulling up the sleeves to contain the soaring number of cases infected with the virus, focus on maintaining a clean and hygienic environment is rising as well.

Healthcare organizations are adopting various policies to respond to the pandemic, one of them being increasing investment in sanitization and sterilants to prevent the risk of infection. Consequently, despite supply chain disruptions witnessed amid the crisis, the demand for sterilants will continue rising.

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Key Takeaways from Sterilants Market Study

  • Global sterilants market is estimated to rise at a CAGR of 5.9% during the forecast period (2021-2031)
  • Presence of a sophisticated healthcare infrastructure and willingness to spend on health and hygiene will support sales in the U.S., which will account for 88% of the North America market in 2021
  • Despite ongoing restriction to contain pandemic, the U.K. market will continue rising. In 2021 it is expected to register 4.3% y-o-y growth
  • Expansion of the healthcare sector will creative conducive environment for growth in India
  • Rising disposable income and favorable insurance policies will support the expansion of sterilants market in China

 “Competition in the sterilants market is rising. Consequently the existing market players are likelier to focus on expansion strategies besides product launches. Some of them are entering into strategic collaborations will other companies,” says the FMI Analyst.

Development of Effective and Compatible Sterilants to Meet the End Users’ Demand is A Key Strategy for Sterilants Market Players

The leading manufacturers are focusing on research and development to develop effective and compatible sterilants that can meet the end users’ demand. The current pandemic outbreak and the growing global demand for multifunctional sterilizing products have led the manufacturers to increase their research efforts and expand their product portfolio through innovative product launches. For instance, in 2020, in response to the pandemic situation of the coronavirus outbreak, Lanxess launched a high-level disinfectant named Rely+On Virkon.

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Key Participant Insights

Some of the companies covered by FMI include 3M Company, Steris Plc., Cantel Medical Corporation, Evonik Industries AG, Arkema S.A., Thor Group, Metrex Research, LLC, Ecolab Inc., Solvay SA, LANXESS, Contec, Inc., OZU Corporation, Cetylite, Inc., Veltek Associates, Inc., Whiteley Corporation, Gul Biyoloji Laboratuvari, and others. These players are consolidating their positions through mergers, acquisitions and new product launches.  Besides this they are adopting various strategies to consolidate their market share.

For instance, in 2021, Steris Plc acquired Cantel, a global provider of infection prevention products and services primarily for endoscopy and dental customers, by entering into a definitive agreement through a U.S. subsidiary.

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Want More Insights?

Future Market Insights (FMI) brings a comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global sterilants market is segmented in detail to cover every aspect of the market and present a complete market intelligence report to the reader. The study provides compelling insights on the sterilants market on basis of product type such as ethylene oxide (EtO), glutaraldehyde, hydrogen peroxide gas plasma (HPGP), vaporized hydrogen peroxide, immersion and vapor phase peracetic acid and others. Based on form, sterilants are segmented into liquids and sprays. Based on end-users, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long-term care centers, critical care centers, pharmaceutical & biotechnology companies, academics and research institutes and homecare settings.

Skincare Market to grow at an 8.1% CAGR through 2021-2031

Increase In awareness regarding advanced skincare products and rising prevalence of chronic diseases are expected to drive skincare market. According to a study by Future Market Insights (FMI), the global skincare market is forecast to reach a valuation of US$ 8,823.4 Mn in 2021.

Skincare products such as skin cleansers, hand sanitizer, skin conditioners, and surgical scrubs are increasingly used to maintain skin hygiene and to prevent the spread of infections. The rising prevalence of chronic diseases and increase in demand for hand sanitizers amid COVID-19 pandemic is expected to boost the growth of the skincare market.

Moreover, increasing incidence of hospital-acquired diseases such as surgical site infection (SSI) is creating opportunities for growth. Sales will surge further as a result of the increasing awareness about advanced skincare products. Social media & innovative online campaigns aimed at creating awareness are therefore reshaping the skincare market.

Increasing market consolidation activities, adoption of strategic agreements among the leading manufacturers and increasing research activities aimed at launching effective products are some of the factors enabling growth. Some of the leading players are aiming to strengthen their product portfolio by launching a various online campaign. For instance, in 2021, Galderma Laboratories, L.P.-Cetaphil launched an innovative digital campaign to connect with millions of consumers experiencing skin sensitivity.with the market expected to exhibit a CAGR of 8.1% during the forecast period (2021-2031)

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Key Takeaways from Skincare Market Study

  • Skincare market is expected to rise at 8.1% CAGR between 2021 and 2031
  • High willingness among consumers to spend on personal health and hygiene will drive growth in the U.S., which will account for over 85% of sales in North America by 2031
  • The U.K. will remain a key market for skincare products within Europe. Rising demand from various hospitals, healthcare, and critical care centers will continue supporting growth
  • Expansion of the healthcare sector will push growth in Germany, which will account for maximum skincare products sales within Europe’s healthcare sector
  • Strong growth is likely in China, as consumers increasingly focus on hygiene and sanitization to prevent the risk of infection

Rising Prevalence of Surgical-site infections and infective diseases and growing demand for hand sanitizers are driving the growth of global skincare market. Key players trying to partner with R&D Companies, patent licensees & holders, reputable manufacturers, prestigious universities, government agencies worldwide to develop and commercializing novel products based on pioneered and patented technologies,” said a lead FMI analyst.

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Who is Winning?

The leading manufacturers are focusing on research and development to develop effective and compatible skincare products that can meet the end-use demand. The current pandemic outbreaks and the growing demand for hand sanitizing product have led manufacturers to ramp up their research efforts to expand their product portfolio.

Besides this, several key players are focusing on market consolidation activities such as a merger, acquisition, supply distribution partnerships, and launching new products. This is leading to high competitiveness in the market. Key manufacturers are also keen to expand the market footprint.

For instance, in 2020, GOJO has expanded its product portfolio to increases sales of PURELL sanitizer, wipes, soap and surface spray by establishing a new manufacturing facility in Maple Heights and Navarre, Ohio.

Some of the market players covered by FMI include are 3M Company, Cardinal Health, Inc., Ecolab, Whiteley Corporation, Reckitt Benckiser Group PLC, Carrollclean, Johnson & Johnson Consumer Inc., Galderma Laboratories, L.P., PDI, Inc., Betco Corporation, Pal International, PSK Pharma Pvt. Ltd., Metrex Research, LLC., Gojo Industries, Inc., Unilever, Steris Plc, Procter & Gamble and among others consolidating their positions through mergers, acquisitions and new product launches.

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Want more insights?

Future Market Insights (FMI) brings the comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global skincare market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the skincare market on basis of product such as Skin Cleansers, Hand Sanitizers, Surgical Scrubs, Skin Conditioner and Other. Based on form the skincare market is segmented as Liquid, Gel & Lotions, Wipes and Spray & Foams. Based on end-users such as Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, Reference Laboratories, Rehabilitation Centers, Long Term Care Centers, Critical Care Centers, Pharmaceutical & Biotechnology Companies, Academics and Research Institutes and Homecare Settings across seven major regions.

Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, Says FMI Analyst

Future Market Insights (FMI) has forecast positive outlook for the nasal spray market in a recent study. The rising cases of allergic rhinitis and the demand for better accuracy in drug delivery are identified as chief growth drivers. Growth is expected to remain bullish as various countries showcase high healthcare spending.

According to a study by the Research and Development (RAND) Review blog published in 2017, nearly 60% of Americans have at least one chronic health condition, which often results in accelerating healthcare spending each year. With the incidence of chronic ailments and resultant spending on healthcare projected to spur, nasal sprays market will have positive growth on cards.

As per the report, the market’s overall valuation is likely to surpass US$ 15 Bn by 2021. Growth will continue at a positive rate, thanks to recent approvals to nasal migraine and hormonal therapies.

Among products available, nasal steroid spray will prove exceptionally lucrative, accounting for over 42% of sales in the market. Besides their improving availability, potential to offer relief from nasal allergies and  hay fever will drive growth in the category

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Key Takeaways from Nasal Spray Market Study   

  • Rising at above 6% CAGR between 2021 and 2031, nasal sprays market will report consistent surge in demand
  • The market in the U.S. is projected to a fast-growing one, accounting for more than 90% share in the North America market
  • Government spending on healthcare has created a conducive environment for growth in the U.K.
  • Germany will emerge as a leading market for nasal sprays sales in Europe backed by increasing healthcare spending and presence of leading manufacturers
  • Focus on health and wellness will continue rising in Japan and South Korea, driving nasal spray sales in East Asia

“Manufacturers within the nasal sprays market are focusing on expanding their geographic footprint. Consequently, strategic collaborations and acquisitions have emerged as key strategy to achieve competitive edge,” said an analyst at FMI.

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Government Initiatives toward Nasal Spray Consumption

Governmental support for ongoing clinical research, consumption of Nasal Spray, and restricting misuse have favoured growth in demand for Nasal Spray. For instance, there has been a call for rise in production capacity of budesonide nasal spray which shortens COVID19 recovery time.

Since, nasal sprays are also used for depression patients, the market is likely to grow highly.

Who is Winning?

Nasal spray manufacturers with patented drugs are successfully allocating their distribution rights to local companies that are operational in the pain management business. This strategy provides momentum to the growth of these companies’ business, owing to strong demand for generic drugs.

For instance, In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited.

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Nasal Spray Market by Category

Product

  • Decongestant Sprays
  • Nasal Steroid Sprays
  • Nasal Antihistamine Sprays
  • Nasal Cromolyn Sodium Sprays
  • Nasal Anticholinergic Sprays
  • Nasal Triamcinolone Sprays

Formulation

  • Aqueous
  • Hydroalcoholic
  • Nonaqueous-Based Solution
  • Suspension
  • Emulsions
  • Dry Powder/Micro particles

Packaging

  • Pressurized Canisters
  • Pump Bottles

Surface Disinfectants Market will register growth at 8.8% CAGR during the forecast period of 2021-2031

Surface disinfectants are the synthetic substances that are used for cleaning and disinfecting surfaces such as counterparts, floors, and walls. They kill as well as resist microorganisms, such as fungi, viruses, and bacteria. In the last few years the sales of surface disinfectants have remarkably increased, thanks to improved awareness about the importance of proper health and hygiene. Future Market Insights (FMI) in a study has forecast the trend to continue, enabling the surface disinfectants market to surpass US$ 6.8 Bn in 2021.

The fundamental factor boosting the Surface disinfectants sales is the increasing occurrences of infections around the world. Direction from International associations such as the Center for Disease Control and Prevention (CDCP), World Health Organization (WHO), and International Federation of Infection Control (IFIC) often encourage disinfection to contain the spread of viruses, which will bode well for the market.

High level disinfectants, preferably in liquid form have emerged as top-selling products in the market, which hospitals will continue as the leading end user. The demand from hospitals segment is forecast to surge at above 6.4% CAGR.

Hospitals are receiving an increasing footfall of patients, besides which focus on ensuring improved patient care and a safe environment for patients as well as healthcare providers is fuelling disinfectant demand. Besides this, the aim at preventing the risk of hospital acquired infections will continue creating sales opportunities.

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Key Takeaways from Surface Disinfectants Market Study

  • Surface disinfectants market will register growth at 8.8% CAGR. Sales are expected to surge amid COVID-19 outbreak
  • The U.S. will spearhead growth in North America, accounting for maximum sales of surface disinfectants. Increasing healthcare spending will seal the dominance of the U.S.
  • Presence of a sophisticated healthcare infrastructure catapults the U.K. as a lucrative market for surface disinfectants
  • Germany and France will continue exhibiting high demand, thanks to increasing focus on health and wellness
  • Post COVID-19, sales will rise at a remarkable pace in China, Japan, and South Korea

“Rise in prevalence of hospital acquired infections (HAIs), recent COVID-19 outbreak and growing healthcare spending, will continue driving sales,” said a lead analyst at Future Market Insights.

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Who is Winning?

To sustain the market, manufacturers are working towards development of innovative products that are not only suitable and required for surgeries in hospital but also for increasing the hygiene level of patients. This is because, when the patient is safe and away from HAIs he will be more co-operative throughout the procedure.

  • For an instance, in 2021, P&G launched Microban 24, the new disinfectant brand in the UK, the product range offers unrivalled protection against bacteria in homes, not only initially killing 99.9% of bacteria and select viruses, including COVID-19 virus and flu virus, but continuing to kill bacteria for up to 24 hours, even after multiple touches.
  • In 2020, Solvay launched two new products Actizone™ and Amni® Virus-Bac OFF at the forefront of innovation, which will eliminate and keep bacteria and viruses away from many surfaces and avoid cross-contamination.

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Valuable Insights into Surface Disinfectants Market

Future Market Insights, in its new report, offers an unbiased analysis of the global surface disinfectants market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the aerosol packaging market on the basis of product type (high-level disinfectants, low level disinfectants, and intermediate level disinfectants), material (aluminum, tin plated steel, plastic, and glass), form (liquid, gel & lotions, wipes, and sprays & foams ) and end user (hospitals, dental clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long term care centers, critical care centers, pharmaceutical & biotechnology companies, and academics and research institutes) across seven regions.