Market Research Blog – Page 1758 – New Product Development

Metal Bellow Market Set to Soar: Projected CAGR of 6.4% from 2024 to 2034

The metal bellow market is estimated to be worth US$ 2,455.3 million in 2024, with a projected Compound Annual Growth Rate (CAGR) of 6.4% from 2024 to 2034. By 2034, the global metal bellow market is expected to reach US$ 4,564.7 million.

The metal bellows offer a high number of advantages instead of non-metallic bellows. Thus, there is a huge increase in demand for metal bellows on an international scale. Metal bellows are used in various industrial applications like pipe junctions for sealing tapering pipes or joiners, where elongations are expected on the contraction side of the vessel. Furthermore, metal bellows are being used as the flexible sealing components of the vacuum technology as well. The two mainly areas in which the product is utilized are in vacuum valve stem seals and vacuum sealing.

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Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

Key Takeaways from Metal Bellows Market

North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.
Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.
The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

Trends and Predictions for the Future of Metal Bellow Industry

Expansion of End-Use Industries: With the continuous growth of industries such as aerospace, automotive, oil & gas, and semiconductor manufacturing, the demand for metal bellows is expected to surge. These industries rely on metal bellows for applications like pressure sensing, vibration absorption, and sealing solutions.
Advancements in Material Science: Ongoing developments in material science are likely to lead to the introduction of new alloys and composites with enhanced properties such as durability, corrosion resistance, and flexibility. This will expand the application range of metal bellows across various industries.
Increased Focus on Customization: As industries demand more tailored solutions to meet specific requirements, manufacturers will increasingly focus on providing customizable metal bellows. This trend is driven by the need for precise engineering and compatibility with unique operating conditions.
Rise in Automation and Robotics: The growing adoption of automation and robotics in manufacturing processes necessitates reliable motion control systems. Metal bellows play a crucial role in these systems by providing precise motion control, which is essential for maintaining accuracy and efficiency.
Emphasis on Sustainability: Environmental concerns and regulatory pressures are prompting manufacturers to explore sustainable materials and production processes. This shift towards sustainability is expected to influence the metal bellow industry, leading to the development of eco-friendly materials and energy-efficient manufacturing techniques.
Integration of IoT and Sensor Technology: With the increasing integration of Internet of Things (IoT) and sensor technology, metal bellows are likely to become smarter and more connected. This integration enables real-time monitoring of performance parameters, predictive maintenance, and remote diagnostics, enhancing overall system reliability and efficiency.
Globalization of Supply Chains: The metal bellow industry is witnessing a trend towards globalization of supply chains, driven by factors such as cost optimization, access to new markets, and strategic partnerships. This globalization trend is expected to reshape the competitive landscape and drive innovation in manufacturing processes and distribution networks.

Competitive Landscape

MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.
FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.
FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, says an analyst from Future Market Insights.

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Global Metal Bellows Industry by Category

By Product Type:

Formed
Electroformed
Welded

By Material:

Titanium Alloys
Stainless Steel Alloys
Nickel Alloys
Others

By End-Use Industry:

Aerospace & Defence
Automotive
Power Generation
Water Treatment
Oil & Gas Refining
Heavy Manufacturing
Light Manufacturing
Others

By Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Amino Acid Metabolism Disorders Treatment Market is expected to reach US$1.39 Billion by 2032, Growth at a 6.2% CAGR

The Amino Acid Metabolism Disorders Treatment Market is poised for promising growth. According to a recent analysis, the market size is expected to reach over USD 1.39 billion by 2032, reflecting a steady Compound Annual Growth Rate (CAGR) of 6.2%. In 2022, the market size was valued at over USD 814.27 million.

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

Key Insights on Amino Acid Metabolism Disorders Treatment Market

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

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

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

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

Vendor Landscape

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

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Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Amniotic Membranes Market: The global amniotic membranes market size is likely to touch a valuation of around US$ 1.4 Bn in 2022. Further, with rising adoption of amniotic membranes for various purposes in ophthalmology, the total sales of amniotic membranes are slated to grow at an impressive CAGR of 9.0% between 2022 and 2028, totalling over US$ 2.3 Bn by the end of 2028.

Digital Radiography Detectors Market: The digital radiography detectors market is valued at US$ 2.13 Bn in 2022. The market is advancing at an average pace with a CAGR of 6.1% through 2026 to reach a valuation of US$ 2.7 Bn. The worldwide market for digital radiography detectors is highly concentrated, with large competitors such as Varex Imaging Corporation and Trixell accounting for about 47% of the market share.

Sepsis Diagnostics Market: The global sepsis diagnostics market is expected to record a CAGR of 8.1% between 2023 and 2033. In 2023, the market is estimated to be valued at US$ 561.2 million. The valuation is expected to cross US$ 1.2 billion by 2033

About Future Market Insights (FMI)

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

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Allergy Diagnostics Market to Reach USD 13,060.1 Million by 2034 at a 7.7% of CAGR

The global allergy diagnostics market is poised for significant growth, with sales expected to reach approximately USD 6,220 million in 2024 and projected to thrive at a robust compound annual growth rate (CAGR) of 7.7% through 2034. This growth trajectory is set to propel the market to a valuation of USD 13,060.1 million by 2034, driven by increasing prevalence of allergies worldwide, technological advancements in diagnostic tools, and heightened patient awareness.

Allergies have emerged as a significant global health concern, affecting millions and placing substantial strain on healthcare systems worldwide. The rising incidence of allergic conditions such as food allergies, allergic rhinitis, asthma, and atopic dermatitis is a primary catalyst for market growth. Factors such as environmental pollution, dietary changes, and genetic predisposition further contribute to the escalating frequency of allergies, necessitating accurate and timely diagnostics.

Allergies have emerged as a major global health concern, affecting millions and placing considerable strain on healthcare systems. As a result, the need for effective allergy diagnostics has never been more critical. The market’s growth underscores the vital role of advanced diagnostic tools in managing and mitigating the impact of allergies on individuals and healthcare infrastructures.

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The study also asserts that growing air pollution and a lack of awareness regarding food and medication allergies in emerging and impoverished countries are pushing industry players to produce cheaply priced allergy diagnostic kits. According to a World Health Organization report, 461,000 people worldwide die from asthma-related causes each year, while over 262 million people suffer from asthma.

The market for allergy diagnostics will rise overall because of the necessity for effective treatment and treating the underlying causes of asthma. During COVID-19, the market for allergy diagnostics expanded moderately. This is the outcome of medical practitioners treating COVID patients instead of immunological therapy due to the epidemic.

Virtual care and restricted visitation approaches were used in cases of patients with severe asthma or other allergic reactions in order to limit human contact and prevent the spread of viruses.

The development of affordable at-home diagnostic tools for food sensitivities and allergies is expected to accelerate market expansion in the years to come. These applications will lighten the workload for hospitals and labs, which will lower the expense of allergy diagnostics and treatment. Given that automated allergy diagnostics is becoming more and more popular in diagnostic laboratories and hospitals due to its high efficacy, it is projected that the market will expand rapidly in the next years. The United States and Canada are anticipated to produce extremely promising chances that would aid in the market’s overall growth.

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“Surge in food allergies cases along with increasing incidence of asthma in children will catapult the demand of allergy diagnostics during the forecast period,” says the FMI analyst.

Competitive Landscape

Allergy diagnostics market is highly competitive market owing to presence of global market players. Market players are employing multiple marketing techniques to expand their global outreach.

Allergy diagnostics market players are focusing towards employing organic and inorganic strategies to expand their global foothold.

Inorganic strategies include strategic merger and acquisition and forming an alliance with regional distributors to strengthen their supply chain channels.

They are also emphasizing towards faster product approvals, product development and patenting.

Prominent players operating in the allergy diagnostics market are:

Hitachi Chemical Co. Ltd
Thermo Fisher Scientific Inc.
Siemens Healthineers
Danaher Corporation
HOB Biotech Group Co
bioMérieux
Hycor Biomedical Inc.
Stallergenes Greer
R-Biopharm AG
Lincoln Diagnostics Inc.

Key Segments of Allergy Diagnostic Market Report:

By Product Type:

The market is bifurcated into fungal allergy diagnostic, and neutral lactase enzymes.

By Allergen Type:

Key allergen type present in the industry include inhaled allergens, food allergens, drug allergens, and other allergens.

By Test Type:

The report consists of key test types like in-vivo allergy tests and in-vitro allergy tests.

By End User:

Key end users present in the industry include diagnostic laboratories, hospitals, academic research institutes, and other end users.

By Region:

Analysis of the market has been carried out in key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and the Middle East and Africa.

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About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pet Hotel Market Forecast: Expected 8.6% CAGR through 2034 | Report By FMI

The pet hotel market size is estimated to be worth USD 5,029.2 million in 2024. The demand for pet hotel is projected to expand at a CAGR of 8.6% through 2034. The market is set to surpass USD 11,467.53 million by 2034. The pet hotel industry is propelled by the growing number of pet owners seeking convenient and reliable accommodation options for their furry companions. With busy lifestyles and increased travel, pet owners are looking for facilities that offer a home-away-from-home experience for their pets.

While the demand for pet hotels is on the rise, the industry encounters regulatory challenges and zoning limitations, especially in crowded urban locales. Adhering to strict health and safety regulations and obtaining proper licensing can be daunting for new ventures. Additionally, worries about pets experiencing separation anxiety and stress while staying at pet hotels may discourage some owners, particularly for extended periods.

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Opportunities and Trends in the Pet Hotel Industry:

Catering to Pet Travel and Tourism: The increasing trend of pet travel offers pet hotels a chance to serve travelers looking for pet-friendly accommodations.
Service Diversification: Expanding services to include daycare, training, and specialized care for senior pets or those with specific needs opens up additional revenue channels.
Technology Integration: Adopting new technologies enhances the pet boarding experience. This includes using mobile apps and online platforms for easy booking and service scheduling, as well as offering live video feeds for pet owners to check on their pets remotely.

Eco-friendly practices and sustainable initiatives are gaining traction, with pet hotels implementing measures such as energy-efficient facilities, recycling programs, and organic pet amenities to appeal to environmentally conscious pet owners. Moreover, themed and boutique pet hotels with unique designs and personalized experiences are becoming increasingly popular among pet owners seeking Instagram-worthy stays for their furry friends.

Key Takeaways from the Market Study

The paper board segment is poised to dominate the market with a 61.1% share in 2024, positioning it as the primary material type in the paper core industry.
The winding & re-winding Segment is expected to experience rapid growth in 2024, with a projected market share of 38.5%.
Anticipated to increase at a CAGR of 0.9% through 2034, the paper core industry in the United States is showing steady growth prospects.
With a forecasted CAGR of 0.7% through 2034, the paper core industry in Germany is expected to see stable but slow progress.
Expected to grow at a CAGR of 0.8% through 2034, the paper core market in the United Kingdom is displaying moderate growth potential.
China’s paper core industry is projected to expand at a CAGR of 4.8% through 2034, reflecting significant growth opportunities.
The paper core industry in India is expected to witness notable growth, with a projected CAGR of 6.5% through 2034.

Competitive Landscape

While consolidation is a trend, smaller players thrive by specializing in niche segments. This could involve offering high-performance cores for specific industries like textiles or creating customized solutions that cater to unique client needs. Additionally, prioritizing sustainability through recycled content, energy-efficient production, and bio-based/biodegradable options provides a valuable edge in today’s eco-conscious market.

Investing in automation leads to faster production, reduced waste, and consistent core quality. Implementing innovative printing techniques for branding and identification purposes adds further value. Additionally, developing online quoting, ordering, and tracking systems enhances customer experience and optimizes operations.

Strategic partnerships offer significant benefits. Collaborating with other players in the packaging ecosystem, such as paper mills, converters, and end-users, can unlock new opportunities. This may involve joint research and development for innovative cores, expanding market reach through partnerships in emerging markets, or building a strong supply chain through reliable partners.

Competitive Landscape

D Pet Hotels
Critterati
Camp Bow Wow
Posh Pet Hotel
The Barkley
Best Friend Pet Care
Old Towne Pet Resort
The Ings Luxury Cat Hotels
Wag Hotels
Pacific Pet Resort

Recent Developments:

Camp Bow Wow launched a new loyalty program called Camp Rewards in October 2023, which awards pet owner’s points for every dollar spent on services, goods, and donations. These points can be redeemed for free nights, discounts, and charity contributions.
Posh Pet Hotel announced a partnership with Petco in August 2023 to provide its services in select Petco stores throughout the United States, expanding its reach and client base.
In April 2023, Best Friend Pet Care acquired Pet Paradise, a popular pet resort business in the Southeast, expanding its network to 51 facilities and over 1,000 staff.

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Key Segments Profiled In The Pet Hotels Market Survey

By Pet Type:

Dog Hotels
Cat Hotels
Other Pets

By Hotel Type:

Economic
Mid-range
Luxury

By Global Pet Hotels:

Small & Medium
Large

By Basis of Ratings:

<3 Stars
3 & Above

By Booking Mode:

Offline
Phone
Online

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Dry Powder Inhaler Market is anticipated to have grown by 3.7% CAGR and reach USD 29.95 Billion By 2034 | FMI

The global Dry Powder Inhaler Market is experiencing a significant rise, fueled by the growing prevalence of respiratory conditions like asthma and COPD. According to a recent analysis, the market is projected to climb from USD 20.83 billion in 2024 to a substantial USD 29.95 billion by 2034. This translates to a steady Compound Annual Growth Rate (CAGR) of 3.70%.

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

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

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

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

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

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

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

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

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

In addition, favorable government initiatives being taken across the globe to improve the healthcare infrastructure will further influence the market growth.

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

The availability of effective alternatives such as nebulizers and electric pumps is expected to restrain the adoption of dry powder inhalers.

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

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

The dry powder inhaler market is a sizeable and established industry, exceeding US$20 billion in 2024.
The market is anticipated to witness consistent growth, with a projected CAGR of 3.70% over the next decade.
This translates to a market value surpassing US$29.95 billion by 2034, indicating potential for stakeholders.

Leading companies in the Global Dry Powder Inhaler Industry are focusing on the development of new-generation products.

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

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Key Segments Covered In Dry Powder Inhaler Market Research

By Product:

Single Dose Dry Powder Inhalers
Multi-Dose Dry Powder Inhalers

By Indication:

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

By Function:

Manually Operated Inhaler Devices
Digitally Operated Inhaler Devices

By End User:

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

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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GCC Shisha Tobacco Industry to Reach USD 2,066.3 Million by 2034 at a CAGR of 6.4%

The shisha tobacco market in the Gulf Cooperation Council (GCC) is value, with sales expected to reach US$ 1.1 billion in 2024. This growth is partly driven by a concerning rise in shisha use among young people. Analysts predict the market will continue to expand at a healthy clip of 6.4% annually, reaching a value of US$2.1 billion by the end of the forecast period.

Shisha in the GCC: A Cloud of Controversy with a Silver Lining

The shisha tobacco market in the GCC is a puff of mixed signals. While its popularity simmers among young adults, fueled by social gatherings and flavored offerings, a storm of health concerns and educational campaigns are brewing.

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Perfect Storm for Popularity:

Youthful Cravings: Peer pressure and a lack of awareness about the health risks are driving shisha use among youngsters.
Easy Access: The widespread availability of shisha products makes them tempting for teenagers and young adults.
The Allure of the Hookah Cafe: The trendy hookah cafe culture, particularly among millennials, normalizes shisha use as a leisure activity. Light-flavored options further entice new users.
Luxury Shisha: Even high-end hotels cater to the demand, offering shisha as part of the Middle Eastern experience.
Social Smoke: The rising insistence on shisha at social gatherings strengthens its appeal.

Clouds of Concern:

Health Risks on the Horizon: Growing awareness of the dangers of shisha tobacco, including lung cancer and other health problems, is a cause for concern.
Disrupting the Smoke Ring: Anti-tobacco campaigns with strong marketing messages and educational programs are aiming to burst the bubble of shisha’s appeal.
Beyond Health: The Financial Burden: Educational efforts are shedding light not just on health issues, but also on the economic costs associated with tobacco use.

A Glimpse into the Future:

This analysis examines the business prospects for shisha vendors in the GCC and beyond. It also explores trends in the handheld marijuana vaporizer industry, a potentially related market.

Strong Shisha, Strong Sales?

The Potency Paradox: Strong shisha tobacco is predicted to dominate the GCC market, fueled by the misconception that it’s less harmful and the allure of diverse flavors.

Looking Beyond the Smoke:

Despite the current popularity of shisha, the growing awareness of its health risks and the effectiveness of educational campaigns suggest a potential decline in the future. The market analysis also explores alternative trends, offering a broader perspective for businesses in the region.

Key Takeaways from the Shisha Tobacco Market Study

In terms of sales channel, direct sales segment is expected to account for maximum sales in the GCC shisha tobacco market.
By product type, the strong shisha tobacco segment is expected to gain traction over the upcoming decade.
Based on flavor, the fruit flavors are expected to witness immense growth in the GCC shisha tobacco market
UAE shisha tobacco market is projected to witness robust growth in the GCC shisha tobacco market between 2022 and 2032

Who is winning?

Leading shisha tobacco manufacturer are focusing on aggressive promotional techniques, commercials, and new product launches to boost shisha tobacco sales growth in GCC. Major players present in the shisha tobacco market are-

Al-Eqbal Company for Investment PLC
Gulbahar Group
Samara Premium Tobacco Molasses
MSG Group of Companies
Romman Shisha Ltd
Middle East Tobacco Co. Ltd
Al Zawrae Industrial Company
Ugly Tobacco Hookah Inc.
Eastern Tombac & Tobacco Establishment
BMJ Industries
Debaj Tobacco Factory L.L.C
Royal Hookah UAE
AL MUFASA GEN.TRD. LLC

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GCC Shisha Tobacco Market by Category

By Product Type:

Strong Shisha Tobacco
Mild Shisha Tobacco
Light Shisha Tobacco

By Flavor:

Fruit
Chocolate
Caramel
Mint
Blended
Others

By End User:

Beginner/ New Diver
Casual Diver
Active Diver
Advanced/ Professional Diver

By Sales Channel:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Convenience Stores
Independent Small Stores
Online Retailers
Other Sales Channel

By Country:

KSA
United Arab Emirates(UAE)
Bahrain
Kuwait
Qatar
Oman

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GCC Medical Glove Industry Set to Reach USD 213.7 Million by 2034 at a 2.3% of CAGR

The GCC medical glove industry is poised for steady growth, with the market estimated to value around USD 170.3 million in 2024 and projected to achieve a moderate compound annual growth rate (CAGR) of 2.3% during the forecast period. According to recent industry analysis, the industry’s share is expected to reach nearly USD 213.7 million by 2034, driven by increasing emphasis on hygiene practices within the healthcare sector across the Gulf Cooperation Council (GCC) region.

Medical gloves play a crucial role in infection prevention and control measures, particularly in healthcare settings where maintaining stringent hygiene standards is paramount. The market’s growth is further fueled by rising healthcare expenditures, advancements in healthcare infrastructure, and expanding healthcare services across GCC countries.

As the healthcare sector continues to prioritize infection control and patient safety, the demand for high-quality medical gloves is expected to rise. This trend is reflective of broader efforts to improve healthcare standards and ensure the well-being of patients and medical professionals alike.

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This increase is mostly being caused by the GCC healthcare sector’s rising emphasis on maintaining high standards of cleanliness. Medical gloves are necessary to ensure the safety of patients and healthcare providers as well as to halt the spread of infections. Medical gloves are expected to be in demand in the future years due to rising awareness of hygiene standards, which will fuel the market’s growth

The GCC medical glove market is expected to benefit from several factors over the coming years, including:

Growing awareness of hygiene protocols within the healthcare sector
Increasing focus on patient safety
Rise in medical procedures requiring glove use

While the projected growth rate is moderate, the overall market size is expected to expand steadily, reflecting the ongoing importance of medical gloves in the GCC healthcare landscape.

Key Takeaways:

By raw material, the latex material segment is expected to hold 80.2% of the total market share in 2021, expanding at 7.9% CAGR during the forecast period.
Based on product type, the examination gloves segment is projected to command 55.6% of total sales in 2021, expanding at 8.1% CAGR.
By form, the powdered form segment is expected to hold 63.7% of the total market share in 2021, expanding at 8.0% CAGR.
By type of use, sales of disposable gloves are anticipated to hold 90.5% of the total market share 2021, and are to projected to increase at a robust 8.0% CAGR over the forecast period.
By end use, hospitals will account for 67.2% of total sales in 2021.
By distribution channel, the direct selling channel will account for 55.1% of the total market share in 2021.
Kingdom of Saudi Arabia (KSA) is anticipated to hold the largest share of 76.2% of the GCC medical gloves market in 2021.

Competitive Landscape for GCC Medical Glove Industry

The overall industry is currently moderately competitive as there are a few manufacturers operating at scale in different Gulf countries.

Companies operating in the medical gloves industry are aiming to strengthen their position through partnerships, collaborations, mergers & acquisitions, and agreements with established players, and other healthcare institutions. In addition to this, governments in GCC countries are increasing their investments in the expansion of the healthcare sector, which in turn is encouraging the emergence of new regional players.

Customization : Available

Recent Developments in the GCC Medical Glove Industry

In January 2021, Medline Industries announced a strategic partnership with the University of California, Davis / UC Davis. Students returning to the campus were provided custom PPE kits to be worn to avoid the spread of the COVID-19 virus. This way awareness and education among the peers were spread to reduce the strain on healthcare professionals.

Kimberly-Clark Corporation introduced the Kimtech Opal Nitrile Gloves in February 2022, with the purpose of guarding against microbiological and chemical splash dangers. These innovative gloves don’t include latex or vulcanizing chemicals, which reduces the possibility of skin responses related to Type I and Type IV allergies

Key Companies Profiled:

Paul Hartmann AG
Hotpack Packaging Industries LLC
Falcon (Falcon Pack)
Deeko Bahrain
Salalah Medical Supplies Mfg. Co. LLC
United Medical Industries
NAFA Enterprises Ltd.
Liberty Industries, Inc.
Ansell Healthcare
Mckesson Corporation
Cardinal Health, Inc.
Medline Indsutries, Inc.
Dynarex Corporation
Top Glove Corporation Berhad
Kimberly-Clark Corporation
Semperit AG Holding

Key Segments Covered by GCC Medical Glove Industry Survey Report:

By Raw Material:

Latex
Nitrile Rubber
Vinyl Rubber
Polyisoprene
Other Materials

By Product Type:

Examination
Surgical
Chemotherapy

By Form:

Powdered form Gloves
Powder-free form Gloves

By Type of Use:

Disposable Gloves
Re-usable Gloves

By End User:

Hospital Use
Clinic Use
Ambulatory Surgery Centre Use
Diagnostic Imaging Centre Use
Rehabilitation Centre Use

By Distribution Channel:

Direct Selling Channel
Medical Store Channel
E-Commerce Channel
Other (Retail Store or Hypermarket) Channel

By Countries:

Kingdom of Saudi Arabia (KSA)
United Arab Emirates (UAE)
Qatar
Bahrain
Oman
Kuwait

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

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Breast Pump Market is Expected to Grow at a CAGR of 3.90% to Reach USD 2,672.30 Million by 2033 | FMI

The Breast Pump Market is poised for significant growth, with a projected market value of USD 2.67 billion by 2033. This represents a commendable Compound Annual Growth Rate (CAGR) of 3.90%, according to industry estimates.

This anticipated growth is underpinned by a confluence of factors, including technological advancements, increasing awareness about maternal health, and a rising emphasis on convenience for breastfeeding mothers. The Global Breast Pump Industry’s evolution aligns with the evolving landscape of healthcare and family-oriented technologies.

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Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyles, which is fuelling the demand for breast pumps among urban women. According to WHO, global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. A rise in healthcare expenditure is expected to boost the overall adoption of breast pumps among women, especially in the Asia Pacific.

Breast pump adoption is as high as 85% among breastfeeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete packages of breast pumps, which is more profitable than isolated sales. Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel Global Breast Pump Industry revenues in the global electric breast pump market during the forecast period.

Breast Pump Market Key Players:

Koninklijke Philips N.V.,
Pigeon Corporation,
Newell Brands,
Medela Inc.,
Ameda Inc.,
Hygeia II Medical Group Inc.,
Bailey Medical,
Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in the Global Breast Pump Industry are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using the latest technologies.

The availability of BPA-free breast pump products is fuelling breast pump adoption in developed as well as more affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk containers or feeding bottles rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA-free breast pump products are the Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

The rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the Global Breast Pump Industry. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding-related products to various neonatal intensive care units across the U.S.

Some of the leading breast pump manufacturing companies analyzed in the report include Koninklijke Philips N.V., Pigeon Corporation, Newell Brands, Medela Inc., Ameda Inc., Hygeia II Medical Group Inc., Bailey Medical, Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

Additional Questions Answered

Readers can find detailed information about the important positive and negative factors likely to affect the Breast Pump market during the forecast period. Additionally, this Global Breast Pump Industry report also contains valuable information that can provide Breast Pump manufacturers with answers to critical questions, such as

Which types of products account for the maximum demand in the Global Breast Pump Industry and why?
Why is the sales of Breast Pump services and products highest in North America?
Which regulations in various regional segments are influencing the strategies of players in the Breast Pump market?
Why is APEJ currently attracting traction in the Global Breast Pump Industry?
What are some of the current technology types and trends adopted by various Breast Pump companies?
What are the promotional strategies being applied by breast pump manufacturers to sustain themselves in the competitive Breast Pump market?

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Breast Pump Market Key Segments Covered

by Product Type

Open System Breast Pumps
Closed System Breast Pumps

by Technology Type

electric
manual breast pumps

by End User

homecare settings
healthcare facilities

Author

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

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

About Future Market Insights (FMI)

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

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LED Tube Market: Registering Impressive Growth at a 10.4% CAGR by 2032

In 2022, the LED tube market is estimated to reach a valuation of US$ 6,712.1 Million, registering impressive growth at a CAGR of 10.4% from 2022 to 2032. The share of the LED tube market in the tube light market ranges from 21% to 26%. Additionally, sales in the LED tube market are projected to reach US$ 18,062.8 Million by 2032.

The demand is anticipated to witness a boost owing to the rising focus on smart city projects across the globe. The smart cities project focuses on energy efficiency and conservation of the environment resulting in a better future. This help in increasing awareness about the latest technologies and designs, which in turn is anticipated to create potential opportunities for the market participants operating in this market.

Hence, The majority of buyers these days usually spend more time perusing things on internet portals, which has elevated the market for LED tubes. These days, consumers weigh up several brands that provide superior features, comparability, cost, and accessibility. Online platforms continue to be able to quickly respond to the needs of customers.

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Several manufacturers are forming strategic agreements with Amazon, Flipkart, Alibaba, and other e-commerce platforms to expand their reach. Moreover, online commerce provides the freedom and convenience of picking the required goods from many choices. Furthermore, these websites provide a wide range of items and prices, allowing shoppers to take advantage of the best discounts and deals available.

Key Takeaways from the LED Tube Market Study

Residential users are anticipated to boost the growth of the LED tubes market house owners are ready to spend a high amount on better interiors of their homes due to a rise in their income.
Based on product type, LED T8 is expected to gain traction over the upcoming decade.
In the case of sales, sales from hypermarkets and supermarkets are anticipated to grow at an increasing pace during the forecast period.
Online retails are anticipated to rise at a rapid rate and will result in revolutionizing the LED tube market.

Who is winning?

Leading manufacturers of LED tube are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of LED tube market globally.

Major players present in the LED tube market are

Acuity Brands, Inc.
IDEAL INDUSTRIES, INC.
Eaton Corporation
SAVANT TECHNOLOGIES LLC.
OSRAM Gmbh
Seoul Semiconductor
Zumtobel Group
Bajaj Electricals
Wipro Ltd
NEPTUN lights inc
Havells
Syska
Foshan Electrical and Lighting Co., Ltd
LED Tube Lighting Pty. Ltd.
Panasonic Corporation
Opple Lighting Co., Ltd.
Crompton Greaves Consumer Electricals Limited.
HPL Electric & Power Ltd
Toshiba Ltd
Other (on request)

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Future Market Insights, in its new offering, provides an unbiased analysis of the global LED tube market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the LED tube market based on product type (LED T5, LED T8, LED T10, AND LED T12), end use (residential, commercial, industrial, architectural, hospital, education institutes, safety and security, and other end use application), sales channel (wholesaler/distributer, hypermarket/supermarket, specialty store, exclusive stores, department store, independent electronics stores, online retail stores, and other sales channel) across seven major regions.

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Global LED Tube Market by Category

By Product Type:

LED T5
LED T8
LED T10
LED T12

By End Use:

Residential
Commercial
Industrial
Architectural
Hospital
Education Institutes
Safety & Security
Other End-Use Application

By Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Specialist Stores
Exclusive Stores
Department Stores
Independent Electronic Stores
Online Retailers
Other Sales Channel

By Region:

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

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Biopharmaceutical Contract Manufacturing Market is anticipated to expand at an 8.8% CAGR and reach USD 25.1 Billion by 2034 | FMI

The biopharmaceutical industry is experiencing a significant shift towards outsourcing manufacturing. The global Biopharmaceutical Contract Manufacturing Market is projected to surge at a staggering Compound Annual Growth Rate (CAGR) of 8.8%, according to a recent market analysis. This translates to a market value skyrocketing from USD 10.7 billion in 2024 to a remarkable USD 25.1 billion by 2034. This near doubling in size within a decade underscores the growing trend of biopharmaceutical companies relying on contract manufacturing organizations (CMOs).

The biopharmaceutical contract manufacturing sector offers a myriad of advantages, including access to cutting-edge technologies, expedited time-to-market for new pharmaceuticals, and enhanced flexibility. These compelling benefits have prompted several multinational corporations to leverage the expertise of contract manufacturing firms.

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Regional Insights:

The U.S. dominates the North American region with a total market share of 91.0% in 2021 and is projected to continue experiencing high growth throughout the forecast period.

Germany is set to exhibit a CAGR of over 11.5% in the European Biopharmaceutical Contract Manufacturing Industry during the forecast period. In this region, the next-generation therapy market is believed to be driven by biological treatment options compared to the pharmaceutical option.

China holds a 34.8% share in the East Asia market in 2021 and is projected to increase at a CAGR rate of 13.5% during the forecast period. The growth of the Biopharmaceutical Contract Manufacturing Industry in the country is growing because most of the pharma and biopharma companies are focusing on capitalizing on the growth.

Asia Pacific is gaining attention among manufacturers for biologics production at reduced manufacturing costs. Emerging regions offering greater profit margins are major focus points for biopharmaceutical contract manufacturing, globally.”

Key Takeaways of Biopharmaceutical Contract Manufacturing Market Study

Although microbial-based platforms are abundantly used for the production of pharmaceuticals, mammalian-based cell culture is expected to gain traction during the forecast period, owing to higher efficiency and increasing demand.
In terms of product type, monoclonal antibodies currently hold a larger share of the biopharmaceutical contract manufacturing market, due to their superior efficacy as well as increasing adoption for the treatment of chronic diseases.
North America is anticipated to be the most lucrative region in the global Biopharmaceutical Contract Manufacturing Industry, offering growth opportunities to market players.
The commercial application of biopharmaceutical contract manufacturing is expected to contribute a higher share as compared to clinical application by the end of 2029.

Biopharmaceutical Contract Manufacturing Market Key Players:

Catalent Inc.
Lonza Group Ag
Patheon N.V. (Thermo Fisher Scientific Inc.)
Abzena Plc.
Sandoz International GmbH (Novartis AG)
Fujifilm Diosynth Biotechnologies (FUJIFILM Holdings)
Baxter Pharmaceutical Solutions LLC (Baxter Inc.)
AbbVie Contract Manufacturing (AbbVie Inc.)
Samsung Biologics Co. Ltd.
ProBioGen AG
Pfizer Centre Source Ltd (Pfizer Inc.)
Novasep
Biomeva GmbH
Kbi Biopharma Inc
Rentschler Biotechnologie GmbH
Ajinomoto Althea Inc. (Ajinomoto Co., Inc.)

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Segments Covered in Biopharmaceutical Contract Manufacturing Market Research:

By Platform Type:

Mammalian Based
Microbial Based

By Product Type:

Monoclonal Antibodies
Recombinant Protein
Vaccine
Insulin
Growth factor
Interferons
Others

By Application Type:

Clinical
Commercial

By Therapeutic Area Type:

Autoimmune Diseases
Oncology
Metabolic Diseases
Ophthalmology
Cardiovascular Diseases
Infectious Diseases
Neurology
Respiratory Disorders
Others

Author

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

About Future Market Insights (FMI)

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

Contact Us: