Blow Fill Seal (BFS) Technology Market Latest Advancements and Business Opportunities 2031

Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Key Takeaways of Blow Fill Seal Technology Market Study

  • The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
  • The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
  • The U.K. is set to exhibit 8% Y-o-Y growth in 2021
  • France and Germany will emerge as highly lucrative markets for BFS technology in Europe
  • Japan and South Korea will continue exhibiting high demand

“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

  • For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn.

To contain the issue, the pharmaceutical industry is continually making efforts for improving medication packaging. The industry is focusing on appropriate and easy packaging for ensuring the matter of “right dose at right time”.

Against this backdrop, the demand for technologies that can instruct the patients to take accurate dose in a timely manner is rising. Companies, especially in North America are adopting blow fill seal technology to help to ensure better drug intake in a single dose.

Blow Fill Seal Technology Market by Category

By Product Type

  • Bottles
    • 0.2-100 ml
    • 100-500 ml
    • Above 500 ml
  • Ampules
    • 0.1-10 ml
    • 10-100 ml
  • Vials
    • 0.1-10 ml
    • 10-50 ml
  • Others(prefilled syringes & Injectables)

By Material Type

  • PE
    • LDPE
    • HDPE
  • PP
  • Others

By End Use

  • Pharmaceuticals
    • Ophthalmic
    • Injectables
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

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Blow Fill Seal Technology Market Landscape

Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market. The blow fill seal technology market is fragmented and the Tier 1 players in the market hold 40-45% share in the global blow fill seal technology market.

Blow Fill Seal Technology Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global blow fill seal technology market, analysing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the blow fill seal technology market on the basis of product type (bottles (0.2-100 ml, 100-500ml, and above 500ml), ampules (0.1-10 ml and 10-100 ml), vials (0.1-10 ml and 10-50 ml), and others (prefilled syringes & injectables)), material type (PE, (LDPE and HDPE), PP, and others), end use (pharmaceuticals (ophthalmic, injectable, biologics, wound care and respiratory), food & beverage, cosmetics & personal care, and others across seven regions.

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Masking Tapes Market Key Opportunity, Analysis, Growth, Trends 2030

Driven by their industrious applications in heavy engineering operations, masking tapes are highly sought-after components in automotive, construction, aerospace, and other industries. As per a new study by Future Market Insights (FMI), the masking tapes market is set to exhibit 3.9% CAGR in 2021, as operations across industries resume post prolonged lockdown amid COVID-19.

Masking tapes developed to withstand high temperature are increasingly used for safety of automotive engines that easily tend to overheat. Against this backdrop, rising car sales are creating lucrative prospects for masking tape sales. Besides this, their increasing application in customization of vehicle will push growth of the market in the coming years.

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Improving applicability of masking tapes, thanks to recent innovations will cause increasing demand from building and construction industry. Rising spending on infrastructural development will, therefore, make emerging countries lucrative pockets for masking tapes sales. This trend however might be curtailed in near-term assessment period, as the industry struggles to cope with the unprecedented economic implications of COVID-19 outbreak.

Likewise, declining automotive sales could hamper growth of the market in 2020. Nonetheless recovery is on cards with countries resuming normalcy post extended period of lockdown. FMI presents an executive-level account of trends prevailing in the market in a new study.

Key Takeaways from Report 

  • By 2030, overall value of masking tapes market will reach US$8.06 Bn
  • In 2020, nearly 66.9% of materials used in masking tapes production were paper
  • More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
  • Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
  • Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from market players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

Sustainability Holds Immense Potential

In 2015, the member states of the United Nations adopted the 2030 Agenda for Sustainable Development that offered a shared plan for achieving sustainability based on five pillars: prosperity, planet, people, partnership, and peace. The agenda specified various principles and corresponding steps to be adopted by government, individual companies, and other associations to ensure sustainable development in the coming years. This has encouraged various companies, including masking tape manufacturers to adopt sustainability goals and adhere to eco-friendly production.

The year 2020 witnessed several launches in the sustainable category. For instance, addressing the need to offer sustainable solutions, a renowned German manufacturer and one of the leading adhesive tape suppliers, Monta has launched monta biopack, which is a new self-adhesive tape. According to the company, the tape is made from roughly 90% renewable resources.

With an increasing number of companies joining the sustainability bandwagon, masking tapes market will have novel drivers to capitalize on in the near future.

Masking Tapes Market Key Segment

By Backing Material Type

  • Foam
  • Glass Fiber
  • Foil
    • Aluminium Foil
    • Lead Foil
  • Paper
    • Crepe Paper
    • Washi Paper
    • kraft Paper
    • Flatback Paper
  • Plastic
    • Polymide(PI)
    • PVC/Vinyl
    • Polyethylene Terephthalate/Polyster
    • Fluropolymer

By Product Type

  • Single Sided
  • Double Sided

By Adhesive Type

  • Silicon-based Adhesive
  • Acrylic-based Adhesive
  • Rubber-based Adhesive

By Application Type

  • Painting
  • Planting
  • Abrasive Blasting
  • High Temperature Application
  • Thermal Spraying
  • General Use

By End-use

  • Automotive
  • Building & Construction

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Who is winning?

Some of the leading companies operating in the market are PPI Adhesive Products (C.E.) s.r.o., 3M Company, Shurtapes Technologies LLC., Intertapes Polymer Group Inc., Nitto Denko Corp, tesa SE Group, Ahlstrom Corporation, Saint-Gobain Performance Plastics Corporation, PPI Adhesive Products (C.E.) s.r.o., Berry Global Group Inc. Competition within the masking tapes market is expected to intensify in the coming years as companies engage in race of launching new products with greater performance.

For instance:

  • Kite Packaging launched four new packaging tapes to strengthen its existing range of tapes in 2019
  • Gascogne Flexible expanded its portfolio in 2020 with the launch of a new range of reinforced,  siliconised, and unbleached kraft laminate, called GASCOFORCE 826

Valuable Insights into Masking Tapes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global masking tapes market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the masking tapes market based on backing material type (foam, glass foil, paper, plastic), product type (single sided and double sides), end-use industry (automotive, building and construction, aerospace, general industries, and others), adhesive type (silicone based adhesive, acrylic based adhesive, rubber based adhesive), and application (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Padded Dividers Market Competitor Analysis, Winning Strategies and Growth Drivers 2032

The global padded dividers market size is anticipated to be valued at US$ 3.5 Billion in 2022 and US$ 8.1 Billion in 2032. It is expected to showcase growth at a CAGR of 11.3% during the forecast period from 2022 to 2032. The rapid expansion of the e-commerce sector and the rising demand for expensive products, such as cameras are likely to propel the sales of padded dividers in the assessment period.

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Report Attribute Details
Estimated Base Year Value (2021) US$ 2.1 Billion
Expected Market Value (2022) US$ 3.5 Billion
Anticipated Forecast Value (2032) US$ 8.1 Billion
Projected Growth Rate (2022-2032) 11.3% CAGR

Padded dividers are commonly used in bags and boxes to protect the packed product from damage. These are considered to be a significant part of the protective packaging industry.

These dividers are set to be extensively utilized in cartons and corrugated boxes for dividing them into multiple sections. This division facility within the box allows for stacking of various products, such as cans, bottles, and similar others. These also offer the even dispersal of weight for ensuring that the packed product is safe from external and internal damages during transportation.

Besides, padded dividers enable customers to opt for customized products with their ability to provide versatile interior storage. These are best suited for protecting equipment or components by compartmentalized protective organization.

The ongoing expansion of the cosmetics and personal care industry in both developed and developing countries of the globe is another major factor that is likely to positively affect the padded dividers market growth.

Which are Some Prominent Drivers Spearheading Padded Dividers Market Growth?

The surging need for DSLR cameras is projected to bolster the demand for padded dividers across the globe. These help in protecting the delicate parts of cameras by providing better cushioning, thereby ensuring smooth and easy transportation.

These are also installed in sturdy cases that are required for military purposes. Cases with extendable drawers are often equipped with padded dividers. The rising usage of these products for the transportation and storage of fragile military material and explosives is anticipated to augur well for the market.

What are the Challenges Faced by the Padded Dividers Industry?

Custom packaging or any solution that is not standardized is very expensive. This is expected to be a challenge for small businesses and start-up companies that may not be able to keep up with the high price of customized padded dividers.

Though stock packaging is readily available in the market, custom dividers are created on special orders. It can add more lead time depending on the scope of the package. These may not be suitable for the first-to-market environment in which most of the firms operate, which is likely to hamper the padded dividers market size.

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Why is Asia Pacific emerging as an Opportunistic Padded Dividers Market?

The presence of multiple renowned electronics manufacturers in China is estimated to push the Asia Pacific padded dividers market share in the evaluation period. The high disposable income and the increasing usage of social media platforms are set to augment the demand for DSLR cameras in developing countries of Asia Pacific, which would require robust packaging solutions.

As per the India Brand Equity Foundation (IBEF), the consumer electronics and appliances sector in the country is likely to surpass US$ 21.18 billion by 2025. The consumer durables output surged by 98.2% in May 2021, as compared to a decline of 70.3% in May 2020. This trend is expected to continue throughout the forthcoming years, thereby bolstering the Asia Pacific market.

How is North America Contributing to Growth of the Padded Dividers Market?

The ongoing expansion of the pharmaceutical industry in the U.S. is estimated to bode well for the North America padded dividers market growth in the near future. The surging usage of these liners for the transportation of pharmaceutical vials, test tubes, and glass bottles is expected to drive the market.

Padded liners help in reducing the risk of breakage of pharmaceutical glass items during transportation. In case of even a minute scratch on the glass surface, the product is likely to be discarded or rejected. Thus, to increase safety and prevent damage, several manufacturers are projected to use padded liners to pack these delicate products in North America.

Market Competition

Some of the prominent companies operating in the padded dividers market include Topper Cases, Pelican Products, B&W International, Nanuk, GWP Group, SKB Cases, and Seahorse Protective Cases among others.

Majority of the leading players are aiming to come up with environmentally friendly packaging solutions to cater to the high unmet needs of consumers. Meanwhile, some of the other international companies are engaging in partnerships, mergers, joint ventures, and acquisitions with start-up and domestic firms to expand their product portfolios and generate more sales worldwide.

Scope of Report

Report Attribute Details
Growth Rate CAGR of 11.3% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015-2020
Forecast Period 2022-2032
Quantitative Units Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Product Type
  • Application
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa
Key Countries Profiled
  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa
Key Companies Profiled
  • Topper Cases
  • Pelican Products
  • B&W International
  • Nanuk
  • GWP Group
  • SKB Cases
  • Seahorse Protective Cases
Customization Available Upon Request
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Key Segments Profiled in the Padded Dividers Industry Survey

By Product Type:

  • PP Padded Divider
  • HDPE Padded Divider
  • PET Padded Divider
  • Others

By Application:

  • Glass Industry
  • Military Industry
  • Pharmaceutical Industry
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Botanical Packaging Market Latest Advancements and Business Opportunities 2032

Over the past few years, organic packaging such as botanical packaging is gaining momentum owing to its important role in reducing carbon footprint as compared to plastic packaging.

Rising environmental concerns among the manufacturers due to the recyclability of the material is increasing the adoption of botanical packaging. Further, need for reducing the utilization of plastic packaging is anticipated to boost the botanical packaging market.

Additionally, easy availability of raw materials, such as corn starch, sugarcane, and other agricultural waste, across the globe is expected to increase the application of botanical packaging.

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Furthermore, rising application in the food & beverage, healthcare, cosmetic, and other industries will create lucrative growth opportunities for the market. Stringent government regulations regarding the use of plastic will also boost the adoption across diverse industries.

What are the Key Factors Aiding the Growth in Botanical Packaging Market?

Growing demand for eco-friendly packaging among the consumers to reduce the carbon footprints is expected to surge the sales of botanical packaging. With rising concerns regarding the high waste generation, the demand for botanical packaging is expected to increase over the forecast period.

In addition to this,  demand for longer shelf life in personal care products such as perfumes, essential oils, and others is increasing. This is expected to provide impetus to the botanical packaging market demand.

Hence, manufacturers are developing environment friendly products to woo the consumers, thereby, fueling the demand for botanical packaging across the globe. Furthermore, stringent government regulations related to plant-based products is fueling the adoption of botanical packaging.

What are the Challenges Encountered in the Botanical Packaging Market?

According to FMI, high cost of eco-friendly packaging products compared to the traditional packaging is primarily inhibiting the sales of botanical packaging.

Growing concerns regarding the adverse effects of packaged food on the human health is anticipated to limit the application of botanical packaging in food industry. Also, rising demand for plastic packaging due to its cost-effectiveness and durability might hamper the growth in the market.

Lack of awareness regarding the benefits of eco-friendly packaging such as botanical packaging across low-and middle-income countries is likely to constrain the development of the market.

Will Europe Continue to Dominate the Global Botanical Packaigng Market?

According to Future Market Insights, Europe is anticipated to account for a maximum share in the global botanical packaging market owing to the implementation of stringent government regulations on the usage of plastic packaging.

In addition to this, growing awareness regarding the harmful effects of using plastic and importance of sustainable and biodegradable products will augment the sales of botanical packaging in the region.

Hence, to capitalize on this existing trend, botanical packaging manufacturers are inclining towards biodegradable products, improving the growth in Europe market over the coming years.

Furthermore, growing environmental concerns such as pollution, high generation of waste from industries, and non-biodegradability of plastic products will favor the growth in the market.

What are the Factors Driving Sales in Asia Pacific Botanical Packaging Market?

Increasing production capacities of botanical packaging in emerging countries such as China and India is a major factor facilitating the growth in Asia Pacific.

Besides this, concerns related to environmental sustainability among the consumers and manufacturers is pushing the adoption of botanical packaging in India, China, and Japan. Subsequently, rapid urbanization and demand for single-serving and on-the-go style food and beverage products will boost the sales of botanical packaging in the region.

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Market Competition

Key manufacturers dominating the global botanical packaging market include SWM, Farmacy Inc., DBD International, Dieline Media LLC, Bahen & Co., Vegware Inc., Purdey Company, and NEST Fragrances, LLC, among others.

Leading players in the market are developing innovative sustainable solutions to combat environmental concerns and to strengthen their global footprints.

Scope of Report

Report Attribute Details
Growth Rate CAGR from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015-2020
Forecast Period 2022-2032
Quantitative Units Revenue in USD Billion, and CAGR from 2022-2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Packaging type
  • End Use
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa
Key Countries Profiled
  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa
Key Companies Profiled
  • SWM
  • Farmacy Inc.
  • Bahen & Co.
  • DBD International
  • Dieline Media LLC
  • Vegware Inc.
  • Purdey Company
  • NEST Fragrances, LLC
Customization Available Upon Request

Key Segments Profiled in the Botanical Packaging Market

Packaging Type:

  • Bags
  • Boxes
  • Pouches & Sachets
  • Bottles & Jars
  • Cans
  • Tins
  • Others

End Use:

  • Cosmetics
  • Personal Care
  • Food & Beverages
  • Pharmaceutical

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Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Ventricular Restoration Systems Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Ventricular restoration systems offers a less invasive intervention for heart failure patients. Cardiovascular diseases are on a consistent rise in countries around the world. According to WHO, cardiovascular diseases take an estimated 17.9 million lives each year and is the no. 1 cause of death worldwide.

Thus, there is an increase focus on inventing treatments that will reduce the fatalities and mortality rate caused by this diseases.

Several developments in the cardiac field has been made to provide better care. For instance, Ancora Heart initiated a U.S.-based feasibility study to evaluate the AccuCinch ventricular repair system, in May 2019. These developments will further propel augment the growth of the ventricular restoration systems market.

Ventricular Restoration Systems Market: Drivers and Restraints

The rise in no. of cardiac cases around the world is the major factor driving the growth of Ventricular Restoration Systems Market. The rising focus on healthcare across various region is another factor that is estimated to propel the growth of the ventricular restoration systems market.

In addition, rising growth in medical tourism in certain developing countries will also contribute towards the growth of the ventricular restoration systems market.

Increasing demand for innovative products and constant R&D activities carried out by the manufacturers to improve the technological aspect in these medical devices will also boost the growth of the ventricular restoration systems market. The accessibility to different medical coverage for the repayment of cardiovascular medical procedures will also contribute towards the growth of the ventricular restoration systems market.

However, the high cost of the ventricular restoration systems coupled with strict regulations may hamper the growth of the ventricular restoration systems market.

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Ventricular Restoration Systems Market: Overview

Based on application, the percutaneous ventricular system is expected to experiences considerable growth during the forecast period owing to the minimization of the risk of a more invasive method.

In the end user segment, hospitals will continue to hold the largest share in the ventricular restoration systems market. The no. of cardiac surgeries carried out in the hospital is expected to contribute towards the continued growth of this segment. The effective in-patient and out-patient services may account for a higher market share.

Ventricular Restoration Systems Market: Regional-Wise Outlook

Geographically, the Ventricular restoration systems Market market is segmented into seven regions viz. South Asia, East Asia, Europe, Latin America, North America, Oceania and Middle East and Africa.

North America is expected to hold the largest market share in the ventricular restoration systems market. This can be attributed towards high demand and adoption of the ventricular restoration systems. Moreover, this well-established healthcare system along with skilled professional will also serve as one of the major factors leading to the dominance of this region in the global ventricular restoration systems market.

The large R&D investments made by key players in this region to cater to the needs of the population also contributes towards the growth of the ventricular restoration systems market in this region.

Europe is expected to hold the 2nd largest market share owing to rising cardiovascular cases in this region. However, East Asia and South Asia is expected to experience fastest growth in the ventricular restoration systems market. The exponentially growing medical device industry in this region will lead to considerable growth of the market in this region. In addition, medical tourism in countries like India will further propel the growth of the ventricular restoration systems market in this region.

Ventricular Restoration Systems Market: Key players

Some of the players identified in the Ventricular restoration systems Market include:

  • Abott
  • Bioventrix Inc.
  • Xeltis AG
  • Neochord Inc.
  •  CryoLife Inc.
  • Edwards Lifesciences Corp.
  • CardioKinetics Inc.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Nose Reconstruction Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2021-2031

Nose reconstruction or nose job or rhinoplasty is preformed to change the shape of nose disfigured due to trauma or some birth defects. As nose reconstruction can enhance the shape and appearance of nose, it can also be performed without any medical reason. Many types of reconstructive procedures such as Local flap, skin graft, staged procedure are making it comfortable for patients to choose one they feel suitable.

Reasons why people opt for nose reconstruction surgery can be straightening a crooked nose, smooth a prominent bump in the bridge of the nose, reducing the length, refining the size, narrow a size of nasal tip, reducing the size as per the choice, for correcting the breathing problems by opening blocked nasal passages. However, its demand as cosmetic procedure is gaining the momentum.

Growing Prevalence of 3D Imaging and Model Reconstruction of Nasal Cartilage

A patient specific three dimensional imaging technology forms the basis of model reconstruction. 3D imaging is precise and accurate and also includes computerized tomography and magnetic resonance imaging. Due to greater contrast resolution of Micro Computer tomography (CT), it is used for analysing the nasal bone for reconstruction process. CT is termed as the gold standard for evaluation of the surface morphology of the articular surface. Due to the limited size of scanning area, micro-CT can only scan tissue samples for now, but with the increasing demand, the researchers may focus on vast technology.

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Ultrasonic Rhinoplasty to Gain Traction

Ultrasonic method for rhinoplasty involves reshaping the nose with an ultrasonic device which makes cuts in the bone. The ultrasonic rhinoplasty is gaining traction because the frequency of the machine protects the surrounding tissue of the nose which otherwise can break open causing lot of bleeding. There is no bleeding in case of ultrasonic rhinoplasty and thus, it leaves very little chance of bruising.

Another advantage of ultrasonic rhinoplasty is that the technology is more precise and can be performed on everyone who wants except patient with bad lung function or any other serious medical condition.

Complications after Reconstruction Surgery may degrade the Confidence among Patients

Some complication may occur after or during the time of rhinoplasty. For instance, haemorrhage and septal hematoma are some postoperative complications that may happen to patients. Prevalence of haemorrhage is reported among 2-4% and major artery ligation for persistent bleeding has been also reported. Use of foreign material during the rhinoplasty may promote an infection to grow inside the nose which may lead to adverse issue in future. Some immediate postoperative complications such as airway obstruction, anaphylaxis and visual impairment are the factors that can imbibe fear and hesitation among patients which may eventually lead to hamper the growth of nose reconstruction surgery.

High Cost of Surgery may hamper the Market

The nose reconstruction surgery may cost anywhere around 1000 USD to 5000 USD in Asia Pacific which is huge in the region as a developing economy (other than China).  From the report of American Society of Plastic Surgeons, the rhinoplasty or nose reconstruction procedure cost around 5000-10,000 USD except anesthesia, operating room facilities or other expenses. In Poland, Switzerland and Spain also, the cost remains around the same i.e. 2000$ to 15000$. This factor of expensive surgery may remain as a constraint for people having mediocre jobs which are a large part of the population, thus hampering the growth of nose reconstruction surgery.

Competitive Landscape

The key players in the market include

  • Stryker
  • Grover Aesthetics
  • Sunset Cosmetic Surgery
  • Implantech
  • GC Aesthetics
  • Surgiform Technologies LLC
  • COMEG Medical Technologies
  • New York Center for Facial Plastic & Laser Surgery, etc.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

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Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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Medical Coding Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

According to the latest research by Future Market Insights, the Medical Coding Market is set to witness significant growth during 2021-2031. Medical coding has always been in demand and is expected to remain at a steady growth in the forecasted period. Medical coding has been in demand in the U.S. as is designed to support Electronic Health Records (EHRs).

What is Driving Demand for Medical coding?

Maintaining a high quality of healthcare will drive the medical coding market. Medical coding is the transformation of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. Thus maintaining documentation for the visits to healthcare providers gives a lot of information about the patient diagnosis, bills, and health conditions that are provided to healthcare insurance companies.

Increasing demand for standardized billing procedures is also a driving factor for the medical coding market. Escalating demand for coding services, coupled with the aforementioned factors is an opportunity for the medical coding market.

In addition, the incidence of insurance fraud in the healthcare industry is increasing, globally, which plays a pivotal role in the growth of the medical coding market. This situation is resulting in the incursion of excessive financial losses, which amount to billions of dollars every year, as estimated by the National Health Care Anti-Fraud Association (NHCAA). These factors will give rise to the medical coding market.

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Rise in Automation is Likely to Augment Medical Coding

The rising adoption of computer-assisted coding to speed up the medical coding process and increase accuracy is also driving the market. Moreover, it enhances productivity, increases transparency, improves accuracy and compliance, reduces costs, and provides traceability. Moreover, the development of new technologies, such as Artificial Intelligence (AI)-assisted medical coding, is supporting market growth. For instance, in September 2019, Fathom, a U.S.-based startup, utilized Artificial Intelligence (AI) to automate medical coding and improve the speed and accuracy of coding.

US and Canada Medical coding Market Outlook

The US is one of the largest markets for medical coding globally. The US medical coding market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031. The need for standard billing systems in hospitals and healthcare systems will lead the medical coding market growth.

The high adoption rate of advanced healthcare solutions in routine hospital operations and the availability of a large number of medical coding solution providers are factors expected to aid in maintaining the dominance of the region throughout the forecast period. Frequent revisions in the medical codes is one of the major parameter driving the market growth. Moreover, new codes were developed for coding and billing of the COVID-19 disease. For instance, new ICD codes were launched by the World Health Organization, such as U07.1, B34.2, and B97.29. Moreover, CPT published new codes for COVID-19 testing. The Centers for Medicare & Medicaid Services (CMS) also developed new codes for lab testing.

With the growing landscape of healthcare and technical advancements in the U.S. and Canada medical coding will be in high demand in the region.

Europe Demand Outlook for Medical coding

Europe is seeing growth in advancement in the healthcare sector and an increase in demand for better healthcare providing opportunities will lead the medical coding market in Europe.  There has been a rise in inpatient visits to hospitals in Europe which have given the need to incur medical coding system in their medical billing system. This has significantly given rise to the medical coding in the European healthcare system. Rising awareness for the better medical billing system and increasing insurance frauds has created opportunities to enable medical coding in the European healthcare system. The outbreak of COVID 19 has enhanced the requirement which has given an opportunity to better track the patients’ medical bills and provide better medical care.

Who are the Key Manufacturers and Suppliers of Medical coding?

Some of the leading companies in medical coding include

  • STARTEK Health
  • Aviacode, Inc.
  • Parexel International Corporation
  • Maxim Health Information Services
  • Precyse Solutions, LLC
  • Medical Record Associates LLC.
  • Dolbey
  • MRA Health Information Services

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

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Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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Terminal sterilization Market 2021 Development Status, Competition Analysis, Type and Application 2031

According to the latest research by Future Market Insights, the Terminal sterilization Market is set to witness steady growth during 2021-2031. Significant Demand for terminal sterilization due to pandemic situation, with optimistic growth outlook in the long-run. Rising demand from the medical device industry will increase the opportunities in near future, however, the service of terminal sterilization in the pharmaceutical sector will provide momentum.

What is Driving Demand for Terminal sterilization?

Growing demand for terminal sterilization for drug products amongst end-user continues to drive demand for terminal sterilization. Moreover, the launch of innovative product and technological advancements in the sterilization process will fuel the growth of the terminal sterilization market.

Terminal sterilization market has to gain attention over the past few years due to rising awareness about diseases and infection caused due to non-sterile environment. Besides, growing investment in healthcare infrastructure, research and focused on public health adaption of terminal sterilization is increasing significantly.

Furthermore, the rising prevalence of infectious disease, cancer, diabetes, autoimmune diseases anticipated accelerating the demand of for terminal sterilization services. This is especially true with increasing incidence of contagious disease such as bacterial and viral infections will increasing the demand for terminal sterilization.

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COVID-19 pandemic Likely to Augment Demand of Terminal sterilization services 

Demand for terminal sterilization services increases around the globe due to COVID-19-pandemic. COVID-19 pandemic is expected to rise the demand for terminal sterilization services to overcome disease spread. For example, in 2020 April, the U.S. Food and Drug Administration approved the use of maX low-temperature sterilization systems, maX2, and Steris V-PRO 1 Plus for sterilization of equipment’s, respirators and other masks used in the treatment of COVID-19 patients in hospitals.

Furthermore, the healthcare facilities repeatedly require disinfection, sterilization, and cleaning process to decrease hospital-acquired infections. These factors will accelerate the demand for terminal sterilization services during the forecast period.

U.S. and Canada Terminal sterilization Market Outlook

The U.S. remains one of the largest markets for terminal sterilization globally. FMI has projected the U.S. will hold significant markets share throughout the course of the forecast period. Key pharmaceutical companies have announced their intentions to invest in manufacturing facilities in the U.S. for instance, in 2018, Eli Lilly invested US$ 72.0 million for an insulin manufacturing project. Hence, demand for the terminal sterilization market will boost during the assessment period 2021-2031.

Demand for terminal sterilization in the U.S. and Canada will be increase due to the increasing number of surgeries and high prevalence of hospital-acquired infections. For instance, Commercial aerospace will account for low demand for terminal sterilization till 2024, according to Healthcare Information and Management Systems Society, in the U.S. every day, 1 out of 25 patients are infected by hospital-acquired infection. In addition, U.S. and Canada have a well- precise regulation for terminal sterilization are some other factors fueling the market growth in the country.

Europe Demand Outlook for Terminal sterilization

Terminal sterilization market has gained traction in European countries in recent years due to the adaption of the aseptic environment in healthcare facilities. Moreover, extended use of the sterilized products for storing and packaging pharmaceutical and food supplies will boost the demand for Terminal sterilization services in the European market. Furthermore, some prominent players in Terminal sterilization services are present in European countries which creates significant revenue growth.

Who are the Key Manufacturers and Suppliers of Terminal sterilization?

Some of the leading manufacturers and suppliers of terminal sterilization include

  • Johnson And Johnson
  • DuPont
  • Steris Plc
  • Getinge Group
  • Advanced Sterilization Products Services, Inc
  • 3M
  • Belimed
  • Cantel Medical

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Pain Patches Market Set for a Massive Hit in and Post 2021, with Corona Virus Outbreak Projected to Threaten Global Market

According to latest research by Future Market Insights, Pain Patches Market will experience substantial growth during the forecast period 2021-2031. Demand for pain patches will elevate in the course of forecast period while experiencing a steady growth. Increased demand pain patches to encounter the pain resulted from various medical conditions represents lucrative growth for pain patches market.

What is Driving Demand for Pain Patches?

Pain patch is a medicated adhesive patch that is used to relieve the pain by placing it on the skin. Pain patch uses a transdermal route and therefore provides an advantage of controlled delivery of medication as compared to other routes of administration. This advantage may result in increasing the sales of pain patches during the forecast period.

Increasing number of accidents that result in severe injury is expected to drive the growth of pain patches market across the globe. According to the Association for Safe International Travel, in 2020, approximately 4.4. million individuals were severely injured to require medical attention in the U.S. Moreover, increasing number of sports related injuries will also lead to a rise in demand for pain patch market.

In addition, changes in lifestyle and emergence of more office related jobs that needs continuous sitting in one position for too long may result in back related ailments among others. This will also lead to significant growth in the pain patches market.

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Increasing Prevalence of Arthritis Expected to Augment the Growth of Pain Patches Market

Increasing chronic and acute pain related diseases is expected to reflect a positive growth for pain patches market. One such disease is arthritis which results in severe joint pain. The increasing prevalence of arthritis mainly is expected to increase the demand for pain patches. According to CDC, in 2018, an estimated 22.7% of the U.S. population of adults had doctor diagnosed arthritis.

U.S. and Canada Pain Patches Market Outlook

U.S. and Canada are among the largest market for pain patches market making North America a dominant player. The adoption of transdermal pain patches has increased in North America for pain management of certain conditions, which includes cancer. Pain patches are quite effective as compared to pain killers as they deliver pain management drugs at a predetermined rate across the dermis and achieve a local or a systemic effect.

This indicates that high prevalence of cancer will lead to rise in demand for pain patches market. According to National Cancer Institute, in 2018 an estimated 16,353,421 people living with cancer of any site in the U.S.

Europe Demand Outlook for Pain Patches

Increasing usage of pain patches for pain management for non-cancer conditions is expected to drive the growth of the pain patches market in this regions. Additionally, the increasing research and development funding and increasing focus of the European governments on the healthcare system also represents steady growth for pain patches market.

Moreover, favourable reimbursement policies in many European countries will also boost further growth of the pain patches market.

Who are the Key Manufacturers and Suppliers of Pain Patches?

Some of the leading manufacturers operating in the pain patches market include

  • Viatris, Inc.
  • Johnson & Johnson Services, Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Sanofi S.A.
  • Hisamitsu Pharmaceutical Co., Inc.
  • GlaxoSmithKline Plc.
  • Novartis AG
  • Nichiban Co., Ltd.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Pelvic Floor Stimulator MarketForecast 2021–2031 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI

Increasing demand for electrical stimulation to treat urinary incontinence is expected to boost the global pelvic floor stimulator market. According to a report by Future Market Insights (FMI), the global pelvic floor stimulator market was valued at US$ 110.4 Mn in 2020 and is predicted to expand at a CAGR of over 8.8% during the forecast period (2021–2031).

Weakening of pelvic floor muscles, urinary tract infections, menopause, constipation, obesity, and alcoholism are the main causes of urinary incontinence. The rising prevalence of these conditions, added to the growing elderly population, are major drivers for the global pelvic floor stimulators market.

Similarly, a high level of portability and lower costs of mobile devices in contrast to fixed devices or surgical treatments, and progressive therapeutic results and easy access to patients through over-the-counter (OTC) medical channels are expected to drive demand.

Initiatives undertaken by government and non-governmental organizations to create awareness are increasing the demand for pelvic floor stimulators. For instance, the Australian government has started a program “National Continence Management Program.”

The government of Australia also started “The continence aids payment scheme (CAPS).” COVID-19 kicked the pelvic floor stimulators demand into high gear—and this extended to consumers increasing their adoption using online sales channels. However, lack of labor, halt on transportation, and disruptions in the supply chain, has affected device availability and growth prospects for the near future.

Manufacturers are focusing on research and development activities to develop unique and technologically advanced devices with rechargeable functionality. In March 2019 InControl Medical received FDA approval for a new Attain designed for at-home use to women in the U.S. suffering from stress, urge, mixed urinary incontinence or bowel incontinence.

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Key Takeaways from Pelvic Floor Stimulator Market Study

  • Electrical stimulators will reflect a revenue share of more than 66% with a CAGR of 9.1% owing to the high demand for treatment research for urinary incontinence.
  • Urinary Incontinence holds a share of over 75% in 2021, due to the growing geriatric population which is prone to urinary incontinence.
  • The U.K and Germany are leading markets in Europe, cumulatively accounting for over 45% of the regional value share, owing to consumer reliance on technology for health information.
  • Driven by a matured healthcare and research sector, the U.S., will account for more than 78% of the North America market by 2031.
  • China is a high potential market reflecting a 9.9% CAGR, driven by a rapidly growing consumer demographic of geriatrics.

Key Participant Insights

Key players in the market are focusing on strategic collaborations, acquisitions, and expansion. Furthermore, product launches, agreements and research sponsorships are key strategies adopted by manufacturers to expand their research and development capabilities, while increasing their sales by strengthening product portfolios in the pelvic floor stimulator market.

In August 2020, Medtronic expanded leadership to launch InterStim Micro Neurostimulator and InterStim SureScan MRI Leads, for treating bladder and bowel control conditions.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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