Global IV Infusion Gravity Bags Market Set to Surge to USD 1281.3 Million by 2032

The global IV infusion gravity bags market has witnessed substantial growth in recent years, driven by increasing patient populations and the growing demand for fluid transformation in medical settings. According to a recent report published by FMI, the market garnered a value of USD 723.8 Million in 2022 and is projected to reach USD 1281.3 Million by 2032, registering a Compound Annual Growth Rate (CAGR) of 5.87% during the forecast period from 2022 to 2032.

IV infusion gravity bags play a crucial role in healthcare by facilitating the direct transfer of medication into a patient’s intravenous system. These bags operate on gravitational pull, exerting external pressure on the liquid to ensure fast and efficient delivery of medication throughout the body. Ranging from 50ml to 1000ml, IV infusion gravity bags are commonly utilized in fluid replacement therapies such as dehydration, electrolyte imbalance management, and blood transfusions.

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As the demand for efficient and reliable fluid delivery systems continues to rise, the IV infusion gravity bags market is poised for significant expansion. The growing prevalence of chronic diseases, an aging global population, and advancements in medical technology are key factors contributing to this market growth.

Key components of IV infusion gravity bags include a drip chamber, roller clamp, slide clamp, and an injection port, each contributing to the bag’s functionality and effectiveness. These bags are typically suspended at an appropriate height using IV poles, enabling gravity to drive the medication down through tubing into the patient’s veins.

“The steady growth of the IV infusion gravity bags market underscores the critical role these devices play in modern healthcare delivery,” said FMI. “As healthcare providers continue to prioritize patient care and treatment efficiency, the demand for reliable and user-friendly IV infusion solutions is expected to further propel market expansion.”

The market for IV infusion gravity bags exhibited a notable Compound Annual Growth Rate (CAGR) of 4.7% during the historical period from 2016 to 2021. This growth trajectory reflects the increasing adoption of IV infusion gravity bags across diverse medical settings worldwide.

As healthcare systems evolve to meet the demands of a growing patient population and advancements in medical technology, the global IV infusion gravity bags market is poised for sustained growth. Manufacturers and stakeholders in the healthcare sector are focusing on innovation and product development to enhance the performance and usability of IV infusion gravity bags, further driving market expansion.

Based on the provided information, here are some prominent drivers of the IV infusion gravity bags market:

  • Increasing Incidence of Chronic Disorders: The rising prevalence of chronic diseases worldwide, such as diabetes, cardiovascular diseases, and cancer, necessitates frequent administration of medications and fluids, thereby driving the demand for IV infusion gravity bags.
  • Growth in Surgical Procedures: The increasing number of surgical procedures globally, both in hospitals and outpatient settings, requires intravenous fluid administration during and after surgeries, contributing to the demand for IV infusion gravity bags.
  • Rising Adoption in Home Care Settings: IV infusion gravity bags are increasingly used in home care settings due to their convenience, ease of use, and cost-effectiveness. This trend is driven by the growing preference for home-based healthcare and advancements in technology that enable safe and effective administration of intravenous therapies outside traditional healthcare settings.
  • Expansion of E-Commerce Platforms: The availability of IV infusion gravity bags through e-commerce platforms has made them easily accessible to consumers, contributing to their increased adoption. This convenience factor encourages patients to purchase these products online, further boosting market growth.
  • Increasing Prevalence of Malnutrition: Malnutrition is a significant global health issue, particularly in emerging economies. IV infusion gravity bags are utilized for the administration of parenteral nutrition solutions in patients with severe malnutrition or those unable to consume adequate nutrients orally, thereby driving market growth.
  • Demand for Blood Transfusion Processes: Blood transfusion procedures, required in various medical conditions such as anemia, trauma, and surgery, necessitate the use of IV infusion bags for delivering blood products safely and efficiently. The increasing demand for blood transfusions contributes to the growth of the IV infusion gravity bags market.

These factors collectively contribute to the robust growth of the IV infusion gravity bags market during the forecast period.

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Top of Form

Key Companies Profiled:

  • Sippex IV Bag
  • GVS
  • Kraton Corporation
  • ICU Medical, Inc.
  • Baxter International Inc.
  • Terumo BCT Ltd.
  • The Metrix Company
  • Renolit
  • Technoflex
  • Bioteque Corporation.

Key Segments Profiled In The IV Infusion Gravity Bags Market Industry Survey:

By Material type:

  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Ethylene-Vinyl Acetate (EVA)
  • Low-Density Polyethylene (LDPE)
  • Others

By Layer Type:

  • Single Layer
  • Multiple Layer

By End User:

  • Hospitals
  • Clinics
  • Ambulatory surgical Centers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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.

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Rising Parental Health Awareness Propels A2 Infant Formula Market Growth at 18% CAGR, Valued at USD 1,704 Million by 2033

The global market for A2 infant formula is set to experience substantial growth, expected to reach an estimated value of USD 834 million in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 18% throughout the forecast period, with the market anticipated to achieve a total valuation of USD 1,704 million by 2033.

The market for A2 infant formula, which is sourced from milk containing exclusively the A2 beta-casein protein, is experiencing significant growth. This trend is reinforced by a growing emphasis on the health benefits associated with A2 protein, positioning it as a preferable choice over traditional formulas.

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The growth of the A2 infant formula industry can be attributed to a rise in parental awareness regarding the potential benefits of A2 milk for their infants. As parents seek healthier and more natural options, they are also becoming increasingly informed about the range of brands and product choices available in the market.

Key Takeaways from the A2 Infant Formula Market Report:

  • The United States market is projected to reach a valuation of US$ 337.4 million by 2033, with an anticipated 8.6% CAGR during the forecast period.
  • Based on age group, product demand for the 0 to 6 months segment holds a dominant market share of 38% in 2023.
  • Germany’s market is projected to witness a year-on-year growth rate of 14%, reaching a valuation of US$ 165.3 million by 2033.
  • China is the leading producer of A2 infant formula in Asia and is estimated to follow a CAGR of 13.6% over the forecast period.

Competitive Landscape

The global A2 infant formula market features a varied and dynamic competitive environment. Key companies with expertise across different sectors are prioritizing research and development, sustainable sourcing practices, and the development of new formulations. These companies place a strong emphasis on obtaining product certifications and meeting the increasing consumer demand for natural and sustainable ingredients. Furthermore, they are dedicated to maintaining market leadership by focusing on quality, innovation, and aligning with evolving customer preferences.

Key Players Profiled in the A2 Infant Formula Market Report

  • The A2 Milk Company
  • Synlait Milk
  • Bubs Australia Limited
  • Care A2+
  • Bellamy’s Organic
  • Abbott
  • Mead Johnson
  • Perrigo

Recent Developments in the A2 Infant Formula Market

  • In 2023, The A2 Milk Company launched its A2 Platinum® Premium Infant Formula in the United States. The formula is made with A2 milk® sourced from dairy farmers in New Zealand’s South Island and is formulated with milk containing only A2-type protein.
  • In 2022, Perrigo Company Plc announced to acquire the Good Start brand and a Wisconsin plant that makes the product from Nestle SA, as United States retailers were struggling to keep up with demand for infant formula. Although the deal’s precise financial terms were not made public, Perrigo stated that it was investing US$ 170 million to expand and strengthen its infant formula manufacturing in the United States.

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Key Segments Covered by A2 Infant Formula Industry Survey Report

By Age Group:

  • Infant formula (0 to 6 months)
  • Follow-on formula (6 to 12 months)
  • Growing-up formula (12 to 36 months)

By Form Type:

  • Powder
  • Liquid
  • Semi-liquid

By Distribution Channel:

  • Hypermarket or Supermarket
  • Convenience Stores
  • Departmental Stores
  • Wholesale Stores
  • Specialty Health and Wellness stores
  • Independent Retailers
  • Specialty Stores
  • Pharmacies and Drugstores
  • Online Retailers

By Region:

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

About Future Market Insights (FMI)

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

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Global Knotless Tissue Control Devices Market Set to Soar to USD 672.6 Million by 2032

The global knotless tissue control devices market is on track for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2032, according to recent market research. Valued at USD 465.6 million in 2022, the market is expected to reach an impressive USD 672.6 million by 2032.

Several key factors are driving the market’s significant growth trajectory. The rising demand for minimally invasive procedures and continuous technological advancements in the healthcare sector are primary contributors. Healthcare providers and patients increasingly prefer minimally invasive techniques due to their numerous benefits, such as shorter recovery times and reduced risk of complications. As a result, the demand for knotless tissue control devices is witnessing a marked surge.

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Minimally invasive procedures have become a cornerstone of modern medical practice, offering patients less pain, quicker recovery, and fewer post-surgical complications. Knotless tissue control devices play a crucial role in these procedures by providing precise and reliable tissue manipulation without the need for traditional sutures. This technology enhances surgical outcomes and patient satisfaction, further fueling its adoption in healthcare facilities worldwide.

The continuous technological advancements in knotless tissue control devices are also propelling market growth. Innovations in device design and functionality are enabling surgeons to perform complex procedures with greater ease and accuracy. These advancements are not only improving surgical outcomes but also expanding the range of procedures that can be performed using minimally invasive techniques.

As the global healthcare landscape continues to evolve, the knotless tissue control devices market is poised for sustained growth. The increasing preference for minimally invasive procedures, coupled with ongoing technological innovations, is set to drive the market to new heights over the next decade.

The global knotless tissue control devices market is being driven by several key factors:

  • Benefits of Knotless Tissue Control Devices: Knotless tissue control devices offer various benefits such as distributing tension along the wound, simplifying knot tying, and reducing knot-related complications. These advantages are expected to increase the demand for these devices in healthcare settings.
  • Rising Number of Surgical Procedures: An increasing number of surgical procedures, including knee replacements, bypass surgeries, hip replacements, and cosmetic surgeries, are anticipated to drive the demand for knotless tissue control devices. As the population ages and the prevalence of conditions requiring surgical intervention rises, the demand for these devices is expected to grow correspondingly.
  • Demographic Trends: The aging population is particularly relevant to the demand for knotless tissue control devices. A study published by the National Centre for Biotechnology Information indicates that approximately 30% of elderly individuals fall due to difficulties in walking, which often necessitates knee replacement surgeries. As the population continues to age globally, the need for such surgical procedures is expected to increase, further driving the demand for knotless tissue control devices.
  • Technological Advancements and Product Innovation: The launch of efficient devices by key players in the market is expected to strengthen the industry. For example, Smith & Nephew launched HELICOIL knotless sutures in September 2020, which utilize bone marrow and associated stem cells to enhance the healing process. Such innovations enhance the effectiveness and usability of knotless tissue control devices, contributing to market growth.

Overall, the convergence of these factors is expected to fuel the growth of the global knotless tissue control devices market in the foreseeable future.

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Key Companies Profiled:

  • Johnson & Johnson Services, Inc.
  • Medtronic
  • Ethicon US, LLC. (Subsidiary of Johnson & Johnson)
  • Medline Industries, Inc.

Key Segments Profiled in the Global Knotless Tissue Control Devices Market:

By Product Type:

  • Short-Term
  • Long-Term
  • Nonabsorbable Polymers

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Trauma Centers
  • Medical Device Manufacturers
  • Pharmaceutical Companies
  • Research Centers and Laboratory

By Region:

  • North American
  • Latin American
  • Western European
  • Eastern European
  • Asia-Pacific
  • Japanese
  • 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
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Website: https://www.futuremarketinsights.com
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Global Intracranial Aneurysm Treatment Market Poised for Remarkable Growth, Projected to Reach USD 2.56 Billion by 2032

The latest market analysis forecasts a significant upsurge in the global intracranial aneurysm treatment market, with a robust Compound Annual Growth Rate (CAGR) of 8.8% anticipated between 2022 and 2032. According to projections, the market is poised to escalate from USD 1.2 billion in 2022 to an estimated USD 2.56 billion by 2032.

The burgeoning market growth is primarily attributed to the escalating prevalence of intracranial aneurysms worldwide. With the advent of cutting-edge medical technology, innovative treatment approaches are becoming increasingly available, fostering the demand for advanced therapies to address this potentially life-threatening vascular disorder.

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Intracranial aneurysms, characterized by the abnormal bulging of blood vessels in the brain, pose a significant health risk due to their potential to rupture and cause severe hemorrhagic stroke. The rising incidence of this condition underscores the urgent need for effective and advanced treatment modalities.

Advancements in medical technology have paved the way for novel treatment options, including minimally invasive endovascular procedures and improved surgical techniques. These innovations not only enhance patient outcomes but also reduce recovery times and associated healthcare costs. As a result, the demand for advanced therapies is expected to surge, driving the market’s impressive growth trajectory.

Furthermore, increased awareness and early diagnosis of intracranial aneurysms are contributing to the market expansion. Healthcare providers and stakeholders are investing in research and development to introduce safer and more effective treatments, further bolstering market growth.

The projected market expansion presents significant opportunities for key industry players to innovate and expand their product portfolios. Collaboration between medical device manufacturers, healthcare providers, and research institutions will be instrumental in developing cutting-edge solutions that address the growing global demand for intracranial aneurysm treatments.

As the global intracranial aneurysm treatment market continues to evolve, stakeholders are urged to stay abreast of the latest technological advancements and market trends to leverage the burgeoning opportunities and contribute to improving patient care worldwide.

Key Takeaways:

  • The type category has three major segments, Surgical Clipping, Endovascular Coiling, and Flow Diverters. The endovascular coiling segment dominates the market while holding a market share of 85.3% of the global share.
  • The minimally invasive techniques go through the catheter to locate the aneurysm in the brain. Growing hypertension among the geriatric population leads people to a higher chance of brain aneurysms and other diseases.
  • The end user category is dominated by the hospital segment, holding 89.5% of the global market. The segment grows at a promising CAGR of 8.9% through the forecast period, attributed to application of technologically advanced tools in operation theaters and intensive care units along with increased number of healthcare units.
  • North America holds 27% of the global share in the global intracranial aneurysm market in 2022. The growing intracranial aneurysm market in the North American region is attributed to the growing healthcare facilities, government investments, and the rising cases of brain aneurysms.
  • Asia Pacific region is anticipated to thrive at the highest CAGR of 12.7% through 2032. Presence of emerging economies like India and China that are investing huge capital in building their healthcare infrastructure, advancing and making it tech-enabled.

“The Intracranial aneurysm market analysis states that the use of new platforms like Artificial intelligence, big data, and the internet of things (IOT) are integrating with the treatment solutions. Countries such as the U.S., the U.K., and Germany have witnessed a high prevalence of intracranial aneurysms in recent years. Neuro Intervention India states that approximately 6.0 million people in the U.S. develop an unruptured intracranial aneurysm. The treatment of brain aneurysms includes medical therapy, surgical clipping or endovascular therapy, or coiling without or with adjunctive devices, fueling the demand for intracranial aneurysm treatment solutions” says a Future Market Insights analyst.

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Competitive Landscape:

The Intracranial aneurysm market has various key competitors that focus on expanding healthcare centers with advanced technology. The key competitors understand and focus on new techniques that are aneurysm-specific and target wall healing and blood prevention. This makes the competitive landscape more dynamic and versatile, owing to the expansion of the intracranial aneurysm market.

The key competitors flourishing in the growth of intracranial aneurysm treatment solutions are Medtronic, Microport Scientific Corporation, B. Braun, Stryker, Johnson and Johnson Services Inc., Microvention Inc., and Codman Neuro (Integra Lifesciences).

Recent Developments:

  • MicroPort Scientific Corporation has introduced new therapies for neurovascular intervention that resolve potential issues related to brain aneurysms, offering specific tools to surgeons. This fuels the sales of intracranial aneurysm treatment solutions.
  • Stryker has added the neuroform atlas stent system that is further used in conjunction with metal coils that help in packing Aneurysms (week walls and blood vessel scar) in the brain. This is anticipated to help multiple surgeons across the globe.

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Intracranial aneurysm Market by Segmentation:

By Type Outlook:

  • Surgical Clipping
  • Endovascular Coiling
  • Flow Diverters

By Application Outlook:

  • Hospitals
  • Clinics
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global MRI Compatible Patient Monitoring Systems Market Poised for Significant Growth USD 5,958.6 Million by 2032

The global market for MRI compatible patient monitoring systems is set to experience remarkable growth over the next decade, according to a recent market analysis. Currently valued at USD 3,851.4 million in 2022, the market is projected to reach an impressive USD 5,958.6 million by 2032, representing a Compound Annual Growth Rate (CAGR) of 4% throughout the forecast period.

Magnetic Resonance Imaging (MRI) has emerged as a crucial tool in modern medical diagnostics, offering vital insights into a range of serious health conditions. MRI is indispensable for detecting spine lesions, tumors, and strokes affecting the brain’s blood vessels. The rising incidence of these conditions worldwide is a key driver for the increasing demand for MRI compatible patient monitoring systems.

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“The MRI compatible patient monitoring systems market is witnessing steady growth, fueled by the increasing adoption of MRI procedures for diagnosing various medical conditions,” commented FMI. “As healthcare providers strive for improved patient outcomes and more accurate diagnoses, the need for advanced monitoring systems that can seamlessly integrate with MRI scanners becomes paramount.”

Key factors contributing to the market’s growth include technological advancements in patient monitoring systems, coupled with the expanding application of MRI across diverse medical fields. Additionally, the rising healthcare expenditure and growing awareness regarding the benefits of early disease detection are further propelling market expansion.

As healthcare facilities worldwide continue to invest in upgrading their diagnostic capabilities, manufacturers of MRI compatible patient monitoring systems are innovating to meet the evolving needs of clinicians and patients alike. Enhanced patient comfort, compatibility with advanced MRI scanners, and real-time monitoring capabilities are among the key focus areas for product development within this market segment.

With an increasing emphasis on precision medicine and personalized healthcare, the demand for MRI compatible patient monitoring systems is expected to remain robust in the years to come. Market players are anticipated to leverage strategic collaborations, research and development initiatives, and product launches to maintain their competitive edge in this dynamic landscape.

Based on the provided information, here are the key dynamics affecting the MRI compatible patient monitoring systems market:

Drivers:

  • Increase in Prevalence of Chronic Disorders: With the rise in chronic diseases, there’s an increased need for MRI procedures, which in turn drives the demand for MRI compatible patient monitoring systems.
  • Launch of New Products: Introduction of new and advanced MRI systems by key market players enhances workflow efficiency, image quality, and scan speed, thus boosting the adoption of MRI compatible patient monitoring systems.
  • Growing Access to Medical Services: Improved access to medical services, including MRI procedures, particularly in emerging economies, drives the demand for patient monitoring systems to ensure patient safety during scans.

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Restraints:

  • Mixed Results and Risks Associated with MRI Screening: Mixed outcomes from MRI screenings and associated risks such as the need for additional imaging and sedation for certain patient groups may impede the market growth.
  • Strict Regulatory Requirements and High Costs: Stringent regulations for device approval, coupled with the high cost of MRI compatible patient monitoring systems, pose challenges to market expansion.
  • Safety Concerns and Procedural Risks: Safety concerns related to MRI procedures, including the need for physiological monitoring and potential risks such as respiratory depression and hypoxemia, may limit market growth.

Opportunities:

  • Exploration of Emerging Markets: Untapped markets in emerging economies present growth opportunities for MRI compatible patient monitoring system manufacturers to expand their reach and address unmet medical needs.
  • Diverse Applications and Expanded Product Portfolios: The versatility of patient monitoring systems enables their application across various patient demographics and clinical scenarios, including pediatric, mentally ill, and critically ill patients, offering scope for product portfolio expansion and market growth.

In summary, while drivers such as the rise in chronic diseases and product innovation propel market growth, restraints such as safety concerns and regulatory challenges need to be addressed. Opportunities lie in exploring new markets and diversifying product applications to sustain growth in the MRI compatible patient monitoring systems market.

Key Players:

  • Arcomed AG
  • PULSION Medical Systems SE
  • LiDCO Group PLC
  • CAS Medical Systems
  • Deltex Medical Group PLC
  • Philips Medical Systems
  • GE Healthcare
  • Draeger Medical, Inc.
  • Schwarzer Cardiotek GmbH
  • Tensys Medical, Inc.

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Key Segments:

By Product Type:

  • Magnetic Devices
  • Non-magnetic Devices

By Modality Type:

  • Portable
  • Non-portable

By Application:

  • Blood Glucose Monitoring
  • EEG and ECG Monitoring
  • Capnography Monitoring
  • Spirometer Monitoring
  • Sleep Apnea Monitoring
  • Pulse Oximeter Monitoring
  • Foetal Doppler Monitoring
  • Multi-parameter Monitoring
  • Weight Monitoring
  • Temperature Monitoring
  • Others

By End Use:

  • Hospitals
  • Ambulatory Surgical Centres
  • Diagnostics Centres
  • Emergency Medical Services
  • Others

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • Middle East and Africa(MEA)
  • Europe

About Future Market Insights (FMI)

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

Contact Us:        

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Projected Expansion: Global Creatine Supplement Market Sales Set to Reach USD 923 Million by 2033, Driven by 13.0% CAGR

The global creatine supplement market is set to be valued at USD 501 million in 2023. It is expected to rise significantly, reaching a market valuation of USD 923 million by 2033. It will likely exhibit a CAGR of 13.0% during the forecast period from 2023 to 2033.

The creatine supplement industry is poised for growth driven by increasing global demand for supplements. Furthermore, the rising popularity of supplements offering neuroprotective benefits is expected to enhance the demand for creatine supplements in the forecast period.

During the forecast period, the creatine supplement market is anticipated to be propelled by innovative marketing strategies implemented by leading manufacturers. These strategies aim to elevate brand preference and drive sales through diverse marketing approaches.

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They would include using technology to encourage consumers to buy creatine supplements. These innovative marketing strategies are anticipated to propel the creatine supplement market forward.

For instance, according to the Food Science and Nutrition Journal, a clinical trial reported that the amino acid creatine can be an effective therapy for people suffering from post-COVID-19 fatigue syndrome, also known as long COVID. Creatine is a vital amino acid known for its significance in maintaining healthy muscles and the nervous system.

Key Takeaways from the Creatine Supplement Market Report-

  • The global creatine supplement market is expected to reach a valuation of US$ 923 million by 2033.
  • Global demand for creatine supplements will likely soar at 13.0% CAGR over the forecast period.
  • The United States is projected to hold a dominant value share of 23.5% in the global market by 2033.
  • Germany’s creatine supplement market is projected to reach a value share of 12.0% by 2033.
  • China is estimated to witness a value share of 12.0% during the projection period.

“Brands that invest in engaging with consumers to study their requirements are set to push demand. These are expected to study factors such as the shifting preference for clean labels and organically sourced ingredients. Start-ups are anticipated to provide customized products according to specific protein intake ratios.” – says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Alzchem Group, Muscle Feast, BioTrust, ON (Optimum Nutrition), Raw Barrel, N& R Industries, Merck KGaA, Tradichem, Central Drug House (CDH), Shanghai Biosundrug, Spectrum Chemical MFG CORP, and Bactolac Pharmaceutical are key creatine supplement manufacturers listed in the report. These companies are concentrating on expanding their portfolios by launching new products. They would also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.

For instance,

  • In September 2023, the Germany-based specialty chemicals supplier Alzchem Group introduced a powdered creatine monohydrate that is free of animals and is intended specifically for the food industry.
  • In September 2023, ZOA Energy expanded its assortment with an unparalleled offering. ZOA+ Powder, a 5-in-1 superior composition pre-workout supplement, was created to maximize performance and mental clarity.
  • In November 2022, leading nutritional supplement manufacturer Cymbiotika announced the release of Creatine+ in Canada. L-glutamine and Creabrev are the main ingredients in this creatine supplement.

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Creatine Supplement Market Outlook by Category

By Form:

  • Liquid
  • Powder
  • Tablet
  • Capsules

By End-use:

  • Men
  • Women
  • Senior Citizens
  • Others

By Sales Channel:

  • Convenience Stores
  • Specialty Stores
  • Pharmacy Stores
  • Online Retail
  • Other Sales Channels

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Wine Subscription Market Projected to Hit USD 3.9 Billion by 2033 | Future Market Insights Inc.

The Wine Subscription Market revenues were estimated at USD 510.4 million in 2022 and are anticipated to grow at a CAGR of 20.7% from 2023 to 2033, according to a recently published Future Market Insights. By the end of 2033, the market is expected to reach a USD 3.9 Billion valuation. The personalized box subscription type of Wine Subscription is expected to grow with a projected CAGR of 24.6% from 2023 to 2033.

Wine clubs have been popping up more often in recent years, which is one indication of the expanding wine subscription business. These wine clubs provide a carefully chosen variety of wines that are regularly delivered to members’ doors, typically with extra bonuses like savings on subsequent purchases, tasting notes, and admission to exclusive events. A study of American wine drinkers in 2020 discovered that 36% of participants had bought wine through a wine club in the previous year, up from 30% in 2018.

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Increasing interest in premium and luxury wines is indeed a growing trend in the wine subscription market. The growing demand for premium and luxury wine subscriptions is largely influenced by millennials, who are playing a pivotal role in driving the market’s growth. Millennials are more frequent wine drinkers, with 17% drinking wine daily, while baby boomers and Gen Xers consume wine 10% and 5% daily.

Competitive Landscape

Key players in the Wine Subscription Market are Naked Wine, Blue Apron, Laithwaites, WSJwine, Flaneur Wine, BOXT, Firstleaf, Cooper’s Hawk, Messina Hof, Splash Wines, Iron Horse Vineyards, and SokolBlosser.

Some of the recent developments in the Wine Subscription Market are:

  • In September 2022, Firstleaf launched a stunning Fine Wine Collection. This launch was a result of the increasing interest and demand of wine club members. With this launch of the Fine Wine Collection, Firstleaf ensured to provide satisfaction to their members by providing a 30% discount.
  • In August 2022, Nomadica received funds from Sweater Inc. The surprising growth of canned wine in the market and the delicious taste of Nomadica canned wine convinced Sweater to invest in the Nomadica business.
  • In August 2022, Fresh Vine Wine Inc. being a prominent provider of less calorie, less carb premium wine all over the United States declared a strategic vision of signing a distribution agreement with 4 prominent retailers in the nation. The aim of this initiative was to upgrade the website of direct-to-consumer (DTC) and to increase the production capacity in the United States.
  • In January 2022, Cooper’s Hawk Winery & Restaurants introduced their signature brand concept as ‘by Cooper’s Hawk’ to develop and grow their wine club community. This signature brand introduced two restaurant ideas in Cooper’s Hawk shares named ‘Piccolo Buco by Cooper’s Hawk’ and ‘Esquire by Cooper’s Hawk’.
  • In March 2018, Splash wines, a direct-to-customer wine company declared their partnership with Seedinvest. According to this partnership, Splash offered equal shares to their investors to become a part of the company.

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Segmentation of the Global Wine Subscription Market

By Subscription Type:

  • Personalized Box
  • Curated Box

By Delivery Frequency:

  • Monthly
  • Quarterly
  • Bi-Annual
  • Annual

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.

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Global Hadron Therapy Market Set for Explosive Growth, Projected to Reach USD 4.7 Billion by 2033

As the landscape for cancer treatment continues to evolve, the global hadron therapy market is poised for remarkable growth. Projections estimate a monumental leap from USD 1.5 billion in 2023 to an astounding USD 4.7 billion by 2033. This exponential growth, marked by an estimated Compound Annual Growth Rate (CAGR) of 11.9% from 2023 to 2033, signifies a significant surge compared to the 8% CAGR observed from 2018 to 2022.

Amidst this dynamic trajectory, the increasing incidence of cancer cases worldwide stands as a pivotal driver propelling the global market forward throughout the forecast period. As the prevalence of cancer rises globally, the demand for advanced and effective treatment methodologies intensifies, positioning hadron therapy as a beacon of hope in the oncology landscape.

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Hadron therapy, which includes proton and carbon ion therapies, is recognized for its precision and effectiveness in targeting cancer cells while sparing surrounding healthy tissues. This advanced form of radiation therapy offers significant advantages over traditional methods, leading to improved patient outcomes and reduced side effects.

The heavy ion therapy segment is also expected to grow significantly during the forecast period. This is due to the fact that heavy ion therapy is particularly effective in treating radio-resistant tumors, such as sarcomas.

The North American region is expected to remain the largest market for hadron therapy during the forecast period. This is due to the high prevalence of cancer in the region and the availability of reimbursement for hadron therapy in many countries.

The Asia Pacific region is expected to be the fastest-growing market for hadron therapy during the forecast period. This is due to the increasing burden of cancer in the region and the growing awareness of the benefits of hadron therapy.

How are Healthcare Providers Adopting Hadron Therapy to Enhance Patient’s Treatment?

Healthcare providers increase the adoption of hadron therapy to enhance patient treatment in different ways. Some of these are as follows:

  • Establishing Specialized Treatment Centers: Healthcare providers invest a considerable amount in developing specialized treatment centers to offer hadron therapy. These counters deliver patients effective treatment with better planning and advanced particle accelerators.
  • Collaborative Research and Clinical Trails: Healthcare manufacturers collaborate with research institutions and healthcare experts to expand their knowledge of hadron therapy. Clinical trials are essential for enhancing efficient treatment to treat various types of cancer patients quickly.
  • Expanding Treatment Indications: Hadron therapy is widely used to minimize tissue damage in certain types of cancers. Healthcare providers explore various conditions, such as recurrent tumors and pediatric cancers, on a broader range.
  • Improved Treatment Planning: Adopting treatment planning and advanced imaging technologies in the hadron therapy process provide better visualization of tumors and tissues surrounded by it. It helps to target tumors and spare healthy organs.
  • Personalized Treatment Approaches: Personalized treatment approach is widely adopted by patient’s specific types of tumors in their medical history. Healthcare providers optimize patients’ therapy individually to reduce side effects and enhance treatment outcomes.
  • Public Awareness and Education: Healthcare providers raise public awareness by educating their patients about hadron therapy. They aim to ensure patients and their families provide knowledge about the treatment and other opinions.
  • Insurance Coverage and Reimbursement: Healthcare providers increase coverage for hadron therapy to relieve patients’ expenses. This therapy is relatively more expensive as compared to conventional radiation treatments. Due to its affordability, these providers offer insurance coverage facilities.
  • Global Collaborations: Healthcare providers collaborate with international healthcare experts to share their experiences in hadron therapy. This collaboration improves patients’ treatment with advancement.

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Key Takeaways:

  • The global hadron therapy market is estimated to register a CAGR of 11.9% with a valuation of USD 4.7 billion by 2033.
  • The United States is anticipated to capture a maximum share of 37.7% globally by 2033.
  • In the historical period, the market is anticipated to register a CAGR of 8% in 2022.
  • Germany is estimated to capture a share of 8% of the global market during the forecast period.
  • With a share of 2.4%, Japan is significantly driving the global market by 2033.

How are Key Players Bringing Lucrative Growth in the Global Market?

Key players play a vital role in the global market by investing heavily in research and development activities. These players are developing innovative and advanced products worldwide to attract end users’ demand. They are taking feedback from genuine consumers are fill their gaps to satisfy their requirements. These players adopt various marketing tactics such as partnerships, collaborations, acquisitions, and product launches.

Recent Developments in the Global Market are:

In 2021, Siemens Healthineers announced its acquisition of Varian Medical Systems Inc. This acquisition took place to enhance the portfolio of Siemens Healthineers in laboratory diagnostics, AI, and treatment against cancer.

Key Companies Profiled:

  • Koninklijke Philips N.V.
  • IBA Worldwide
  • Advanced Oncotherapy
  • Varian Medical Systems, Inc.
  • Optivus Proton Therapy, Inc.
  • Hitachi, Ltd.
  • Sumitomo Corporation
  • Mevion Medical Systems
  • ProNova Solutions, LLC
  • ProTom International Mitsubishi Electric Corporation
  • Elekta

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Hadron Therapy Market by Segmentation:

By Type:

  • Electron Beam
  • Proton Beam
  • Neutron Beam
  • Carbon Ion Beam
  • Alpha Particle Beam
  • Beta Particle Beam

By Application:

  • For Pediatric Cancer
  • For Bone & Soft Tissue Cancer
  • For Prostate Cancer
  • For Lung Cancer
  • For Liver Cancer
  • For Eye Cancer
  • For Head & Neck Cancer

By End User:

  • In Hospitals
  • In Government Universities
  • In Research Institutions

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Exploring the Elderberry Supplements Market Trends, Updates, and Forecast Through 2033

The revenues of the Elderberry Supplements Market valued at USD 1.1 billion in 2022, is projected to grow at a CAGR of 8.9% from 2023 to 2033, reaching a valuation of USD 2.9 billion by the end of the forecast period. Capsules are anticipated to be the leading revenue-generating form, with a projected CAGR of over 8.8% during the same period.

Elderberry supplements are witnessing increased demand due to their health benefits, particularly in easing flu symptoms and boosting immunity. Rich in vitamins, antioxidants, and flavonoids, elderberry supplements support immune health and combat free radicals. The COVID-19 pandemic has further accelerated demand for immunity-boosting supplements, with elderberry supplements experiencing a significant surge in sales.

Elderberry supplements are available in various forms such as capsules, liquids, syrups, gummies, teas, lozenges, and powder form. These supplements are primarily used as immunity-boosting supplements due to their being rich in vitamins and antioxidants.

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These supplements are often used to prevent and treat cold symptoms such as fever, and fatigue during flu season. According to WHO, seasonal flu causes around 3 to 5 million severe cases around the world and 0.3 to 0.6 million deaths due to respiratory health complications. A study of elderberry supplements on over 300 airplane passengers during flu season concluded that people who took supplements and got sick recovered faster.

Growing Factors:

  • Health Benefits: Elderberry supplements are known for their immune-boosting properties, aiding in flu prevention and symptom alleviation. The rise in flu cases globally and the increased awareness of the importance of immunity have contributed to the growing demand for elderberry supplements.
  • COVID-19 Impact: The pandemic has led to a substantial increase in demand for elderberry supplements, with sales witnessing significant growth. Changed consumer behavior towards health supplements is expected to sustain post-pandemic, driving continued demand for elderberry supplements.
  • Cholesterol Management: Research suggests that elderberry supplements may help lower blood cholesterol levels, presenting an additional benefit that can drive market growth, especially in regions with high cholesterol prevalence.

Competitive Analysis:

Key players in the Elderberry Supplements Market are Jarrow Formulas, Inc., Solgar, Inc., Nature’s Bounty, Ancient GreenFields Pvt. Ltd., Gaia Herbs, Now Foods, Archer Daniels Midland Company, Glanbia plc, Blackmores and Nutraceutical International Corporation

The companies are manufacturing elderberry supplements in the form of capsules, syrups, and gummies. They are also launching new products to match up with the consumers’ needs for organic and vegan options for these immunity supplements.

Key Takeaway for Investors:

  • Lucrative Growth Potential: The elderberry supplements market offers promising growth prospects, with a projected CAGR of 8.9% and a valuation of $2.9 billion by 2033. Investors can capitalize on this growth trajectory by investing in companies involved in elderberry supplement production and distribution.
  • Health and Wellness Trends: The increasing focus on health and wellness, coupled with the demand for immunity-boosting supplements, presents attractive opportunities for investors. Elderberry supplements, with their proven health benefits, are well-positioned to capitalize on these trends.
  • Regional Analysis: Regions like North America, the United Kingdom, South Korea, and China offer significant growth opportunities in the elderberry supplements market. Investors should explore investment opportunities in companies operating in these regions to maximize returns.
  • Product Form and Application: Capsules are expected to witness the fastest growth in the elderberry supplements market, presenting investment opportunities in companies specializing in capsule formulations. Additionally, the pharmaceutical industry is projected to witness significant growth in elderberry supplement sales, emphasizing the medicinal benefits of these supplements.

A few of the recent developments in the Elderberry Supplements Market are:

  • In August 2022, Spain-based Nektium launched an organic version of elderberry extract to match up with the growing demand for natural and organic ingredients from consumers.
  • In July 2021, S. brand Gaia Herbs launched a new black elderberry tonic to expand its line of best-selling elderberry products. The product got certification from USDA as an organic immunity health product to support daily immunity needs.
  • In November 2020, a U.S.-based company Cymbiotika added new vegan elderberry supplements to their product line named Liposomal Elderberry Defense. They announced it to be the first elderberry supplement produced with their patented liposomal delivery system.
  • In July 2020, S. brand Gaia Herbs launched three USDA-certified Organic black elderberry gummies for extra strength, daily immunity requirements, and children’s health.

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Segmentation of the Elderberry Supplements Market

By Form:

  • Capsules
  • Liquid
  • Gummies
  • Syrups
  • Teas
  • Lozenges
  • Powder
  • Others

By End Use Industry:

  • Food & beverages
  • Pharmaceuticals

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Drug Stores and Pharmacies
  • Online Sales

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Creatinine Meter Market Sales of total US$ 1,250 Million by the end of 2032

The global creatinine meter market is poised for significant expansion, projected to grow at a robust CAGR of around 8% to 9% from 2022 to 2032. The market’s growth is largely driven by the increasing demand in the point-of-care segment, which is expected to account for sales of USD 1,250 million by 2032. With the growing need for efficient and swift diagnostic tools for chronic kidney diseases, creatinine meters are becoming essential in the healthcare sector.

Key Takeaways:

  1. Market Growth: The global creatinine meter market is anticipated to grow at a CAGR of 8% to 9% during the forecast period 2022-2032.
  2. Point-of-Care Segment: This segment is expected to be highly lucrative, reaching USD 1,250 million by 2032, up from USD 650 million in 2022.
  3. Demand Drivers: The demand for creatinine meters is fueled by the need for quick and precise diagnostic tools for chronic kidney diseases, avoiding delays and risks associated with traditional lab tests.
  4. Challenges: High costs and the need for skilled professionals to operate creatinine meters pose challenges to market growth. The availability of low-cost alternatives also hampers demand.
  5. Regional Insights: North America and Europe are emerging as key markets, driven by high prevalence of kidney diseases and advanced healthcare infrastructure.

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Market Overview: Creatinine meters are critical medical devices used for diagnosing and monitoring chronic kidney diseases, such as glomerulonephritis, kidney stones, polycystic kidney disease, and chronic intrinsic kidney failures. These devices measure blood creatinine levels, providing essential data for the management of kidney and renal disorders.

Drivers of Market Growth: The traditional process of testing creatinine levels in clinical labs is time-consuming and risky, especially due to the use of imaging agents like iodine and barium. Creatinine meters, particularly handheld devices, offer a solution by providing precise results within minutes, thus driving a shift towards their adoption in the healthcare sector globally. This swift, accurate testing capability is bolstering demand for creatinine meters.

Challenges in the Market: Despite their advantages, creatinine meters are costly and require skilled professionals for operation, which limits their widespread adoption. Additionally, the market faces competition from low-cost creatinine testing solutions, further challenging the growth of high-end creatinine meters.

Regional Insights:

  • North America: North America is forecasted to be the most lucrative market for creatinine meters from 2022 to 2032. The demand is driven by increased usage in renal dialysis monitoring and blood and urine analyte measurement. Leading players are launching innovative products to meet this demand. For instance, in 2022, Nova Biomedical introduced the Nova Max Pro Creatinine/eGFR Meter System for early detection of kidney disease in point-of-care settings, highlighting the region’s focus on innovation and patient care.
  • Europe: Europe is expected to exhibit rapid growth in the global creatinine meter market. The rising incidence of chronic kidney diseases due to lifestyle changes, obesity, and smoking is a significant driver. According to the Kidney Care Organization, around 10% of the U.K. population suffers from chronic kidney diseases. This high prevalence is boosting the demand for creatinine meters for diagnosis and treatment, thus propelling market growth in Europe.

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Key Companies Profiled

Thermo Fisher Scientific; Hitachi; Siemens Healthcare GmbH; Randox Laboratories; Abbott; Nova Biomedical; Pointe Scientific; Diasys Diagnostic Systems GmbH; Sentinel Ch. Spa.; Others

Key Segments Profiled in the Creatinine Meter Market Survey

By Product:

  • Creatinine Meters
  • Reagents
  • Sensor Strips & Kits

By Modularity:

  • Handheld
  • Desktop

By End Use:

  • Point of Care Use
  • Hospitals
  • Diagnostic Laboratories
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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