Market Research Blog – Page 1863 – New Product Development

On-site Preventive Care Market is expected to grow steadily at a 5.2% CAGR and reach USD 43.5 Billion by 2034 | Based on FMI Study

The focus on employee well-being is transforming the way healthcare is delivered. The On-site Preventive Care Market, valued at a substantial USD 26.21 billion in 2024, is experiencing a surge as companies prioritize proactive health management for their workforce.

According to a recent market analysis, this trend is expected to continue, with a projected Compound Annual Growth Rate (CAGR) of 5.2% over the next decade. By 2034, the market is anticipated to reach a remarkable USD 43.52 billion.

Prioritizing Prevention

This surge in demand for on-site preventive care reflects a growing emphasis on maintaining health and well-being before the onset of illness. This proactive approach aligns perfectly with the Human Development Index (HDI) concept, which considers life expectancy a key factor in evaluating a society’s overall development. Businesses are recognizing the benefits of investing in employee health, and on-site preventive care programs offer a convenient and accessible solution for employees.

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On-site clinics enable employees to receive the required essential care at the time of emergency without having to leave the workplace. The clinicians in these clinics also aid employees in searching for a primary care physician whom they can consult with regularly. As a Future Market Insights analyst quotes, “Changes in lifestyle among the working class have incessantly impelled employers to establish certain behavioural standards within the workplace. This is one of the core factors responsible for the growing adoption of on-site preventive care in several organizations across the globe.”

North America and Western Europe to Compete Neck and Neck

In 2017, North America held a share of 37.0% in the global on-site preventive care market closely trailed by Western Europe. The dominance of North America can be attributed to the several policies implemented by the U.S. government about employee safety and the adoption of certain employee codes of safety. The U.S. is also an extremely mature market owing to the high adoption of workplace wellness programmes.

Burgeoning Penetration of Workplace Wellness Programmes to Bode Well for the Market

In the recent past, workplace wellness programmes have earned the merit of being one of the most adopted healthcare services in the world. It has been further expected that its adoption will increase in the coming years owing to the implementation of the Affordable Care Act. This act is expected to promote an increase in the employee-based coverage of workplace wellness and also promote these programmes through several provisions. Moreover, the growing incidences of chronic diseases among the working population have also become a matter of concern and this has compelled employers across the globe to adopt as well as promote workplace wellness programmes.

Furthermore, employers who have adopted on-site preventive care services have reported enhanced performance ranging from heightened morale and cost savings to productivity. The death of time, access, and cost along with misunderstanding of the benefits of prescribed wellness programmes result in the underutilisation of primary care services. As a result, employees flood emergency rooms, missing out on critical preventive care measures and also leaving chronic conditions unmanaged. In this regard, on-site clinics provide employees with the necessary support without having to leave their work and the clinicians also work together with the patients in a cohesive environment to address their various health-related issues.

Companies to Innovate Services in the On-site Preventive Care Market

To stay ahead of the competition, several companies operating in the global market are focussing on innovating their existing services and integrating new services. Some of the leading companies in the market are Premise Health, OnSite Care, Inc., PrevMED, RepuCare, Healthcare Solutions Centers, LLC, McCormack & Kale Motiva Health & Chiropractic, Inc., Marino Wellness, Kinema Fitness, and TotalWellness.

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Key Segments Covered in On-site Preventive Care Market Research

By Service Type

Acute Care
Chronic Disease Management
Wellness and Coaching
Nutrition Management
Diagnostic and Screening
Others

By Management Model

In-house Management Model
Hybrid Management Model
Outsourced Management Model

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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Disposable Negative Pressure Wound Therapy Devices Market is expected to grow at a rate of 10.7% CAGR, or US$461.3 Million, by 2028 | FMI

The way wounds are treated is undergoing a transformation! The Disposable Negative Pressure Wound Therapy Devices Market is experiencing explosive growth, driven by their growing adoption in wound care. According to a recent analysis by Future Market Insights (FMI), a leader in market research, this market is projected to skyrocket from an estimated USD 186.5 million in 2022 to a staggering USD 461.3 million by 2028. This translates to a robust Compound Annual Growth Rate (CAGR) of 10.7%, highlighting the increasing demand for these innovative and convenient wound healing solutions.

In the report published by Future Market Insights titled “Global Disposable Negative Pressure Wound Therapy Devices Industry: Analysis (2017 – 2021) and Opportunity Assessment (2022 – 2028)”, it has been stated that the development around the globe in the last couple of years reflected certain complexities and fissures related to the political environment across many countries.

As protectionists are threatening to penetrate the notions of free trade, globalization is likely to face its most difficult test ever. The threat of populist policies disrupting the decades-old trade agreements has grown bigger as the social and cultural rift between the bourgeoisie and proletariat is deepening with time.

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While the preceding decades were marked by unison and the formation of economic blocks, disintegration has been the story of the recent past. Although the business climate is far from favorable for organizations that have an interest in multiple countries, the prevailing encounters have also obligated that corporate social responsibility becomes more than just a formality and that companies actually demonstrate that they contribute to the societies they operate in.

There is a dire need for companies to participate in discussions and debates that will eventually lead to policy formulations. Owing to these circumstances the Global Disposable Negative Pressure Wound Therapy Devices Industry is anticipated to witness a CAGR of 10.6% over the forecast period of 2022 and 2028.

Cost Control Measures and Rising Healthcare Expenditure to Bode Well for the Market

The adoption rate of disposable NPWT devices is rising in developed nations such as the U.K., Germany, and the U.S., due to the obligation of healthcare burden across these countries owing to the growing prevalence of chronic wounds. According to an article on Wound Practice and Research, the healthcare expenditure for chronic wounds of 6.5 Mn patients accounts for over US$ 25 Bn per year in the U.S. Other research studies have also indicated that among chronic wounds, venous insufficiency ulcers constitute approximately 50% of the chronic leg ulcers. These wounds result from venous etiology.

The annual prevalence of venous insufficiency ulcers in those aged 65 and above has been estimated to be nearly 2 in every 100 persons per year. The prevalence of pressure ulcers varies between 0.31% and 0.70% per year in the United States. Such cases are likely to boost the demand for disposable NPWT in the years to come.

Moreover, the growing focus on the expenditure on healthcare across developed as well as developing nations is expected to drive the adoption high quality patient care treatment options across the globe. This has also led to the rise in the per capita healthcare expenditure owing to the rising disposable income of people across the globe. This is further expected to fuel the demand for wound care therapy and also increase the adoption of disposable NPWT devices in the course of the forecast period.

North America to Lead Among All Regions

North America is expected to stay on the vanguard during the forecast period in the global disposable NPWT devices market with a share of 51.1% in the overall market. The U.S. is expected to emerge as the most lucrative nation in North America closely trailed by Western Europe and Asia Pacific excluding Japan. Based on product type, the market has been bifurcated into disposable NPWT with canisters and disposable NPWT without canisters. Based on end users, the market has been segmented into hospitals, clinics, and home care settings.

Disposable Negative Pressure Wound Therapy Devices Market Players to Concentrate on Product Differentiation

The top players in the market are focusing on product differentiation and expansion of the consumer base to retain their position in the market. The leading players accounted for over 77% of the global market share in 2016. The players are Acelity (Kinetic Concepts, Inc.), Cardinal Health Inc., Smith and Nephew PLC., ConvaTec Inc., and Medela.

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Disposable Negative Pressure Wound Therapy Devices Market Segmentation – by Category

By Product:

Disposable NPWT with canister
Disposable NPWT without canister

By End-user:

Hospitals
Clinics
Home care settings

Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

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 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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Neonatal Thermoregulation Market is Expected to Grow at an Amazing 5.7% CAGR to Reach US$ 1.15 Billion by 2033 | FMI

Ensuring the comfort and well-being of newborns is crucial, and the Neonatal Thermoregulation Market is heating up! This vital industry, valued at USD 661.8 million in 2023, is expected to reach a staggering USD 1.15 billion by 2033. This translates to a promising Compound Annual Growth Rate (CAGR) of 5.7%.

Over the past decade, heightened awareness of neonatal care has been a driving force behind the increased sales of neonatal thermoregulation equipment suppliers worldwide. The upswing in demand from the hospital sector has significantly contributed to this trend. Although the industry experienced a temporary decline during the onset of the COVID-19 pandemic in 2020, there is now a resurgence in momentum as key end-use sectors steadily recover.

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The latest revised report on the ‘Neonatal Thermoregulation’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry while emphasizing the crucial growth & restraining factors, and demand-supply trajectories across 20+ countries during the forecast period of 2021 to 2031.

Key Takeaways from the Neonatal Thermoregulation Market Study

The global Neonatal Thermoregulation industry is expected to grow at a CAGR of more than 4% through 2031.
High demand for radiant and wall-mounted heaters will drive demand growth.
In terms of modality, the closed segment is expected to have strong demand.
Demand in the hospital sector to fuel sales
The United States continues to be the epicenter of the Neonatal Thermoregulation sector in North America, with Germany remaining at the vanguard of the world’s second-largest Neonatal Thermoregulation industry in Europe.
During the predicted period, Asia Pacific emerged as the fastest-expanding region.
For stakeholders, China, Japan, India, the United Kingdom, France, Italy, Canada, and a few other nations will remain in the spotlight.

“With the growing focus on reducing morbidity and mortality in newborns, the Neonatal Thermoregulation industry is projected to gain further momentum. Furthermore, an increase in several pediatric & neonatal intensive care units is subject to cater to the demand growth shortly,” says an FMI analyst.

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How is the Increase in Awareness Regarding Newborn Mortality Rates Propelling the Growth?

Thermoregulation plays a very crucial role in balancing heat production and heat loss to maintain the body temperature of newborns within a certain normal range. As not maintaining proper body temperature can be fatal for newborns, demand for Neonatal Thermoregulation is getting prominent in hospitals and neonatal intensive care units.

For instance, neonatal hyperthermia may occur if proper thermoregulation is not done for a newborn. In this condition, the newborn’s body temperature drops below 36.5 degrees Celsius and progressive reduction in body temperature may lead to adverse clinical effects ranging from metabolic stress to death. According to the report titled “Newborns: Improving Survival and Well-Being” published by the World Health Organization (WHO) on 19^th September 2020, globally 2.4 million neonates died in 2019, while approximately 7000 newborns die every day amounting to 47% of all child deaths under the age of 5 years. Such reports are helping in spreading awareness which in turn is favoring Neonatal Thermoregulation equipment suppliers.

Who is Winning in this Space?

The global Neonatal Thermoregulation industry provides with highly competitive environment for key players. To leverage the new opportunities, key players are developing an advanced and wider range of products.

For instance,

General Electric Company launched its new Corometrix 250 cx Series, Corometrics 170 Series Fetal Monitor and Mini Telemetry System, and others during the last 5 years
Natus Medical Incorporated announced the acquisition of Innovative Newborn Care Technology in November 2020 to increase its sales footprint

Some of the key players supplying Neonatal Thermoregulation Market are-

GE Healthcare
Natus Medical Incorporated
Inspiration Healthcare Group Plc.
Koninklijke Philips N.V.
Dragerwerk AG & Co. KGaA
Fisher & Paykel Healthcare
International Biomedical, Ltd
Others

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Neonatal Thermoregulation Market Segmentation by Category

Product Type

Warmer
- Radiant Warmer
- Wall Mount Warmer
Neonatal Incubators
- Intensive Care Incubator
  - Hybrid Incubator
  - Selective Close Care Incubators
- Transport Incubator
Neonatal Cooling Systems

Modality

Open
Close

End User

Hospitals
Pediatric and Neonatal
- Intensive Care Units
Others

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 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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Prefilled Syringes Drug Molecules Market is expected to grow steadily at a rate of 6% CAGR and reach USD 125 Billion by 2034 | FMI

According to a new analysis by Future Market Insights (FMI), a leading market research firm, the Prefilled Syringes Drug Molecules Market is expected to experience a steady Compound Annual Growth Rate (CAGR) of 6% over the next decade. This translates to a projected market valuation of a staggering USD 125,678 million by 2034, up from USD 70,177.9 million in 2024.

prefilled syringes drug molecules are prefilled with medication by the manufacturers and are supplied to end users in the ready-to-use form. The overall global investment in healthcare has increased in the last few years. Healthcare field solutions continue to be sought after to increase the quality of life, which provides significant opportunities for pharmaceutical companies. This has also contributed to the growth of various segments of the healthcare industry such as the Global Prefilled Syringes Drug Molecules Industry.

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Prefilled Syringes Drug Molecules Market: Drivers and Opportunities

The report indicates that the revenue growth of the market is mainly driven by the effectiveness, convenience, and ease of use of prefilled syringes. This has attracted various healthcare professionals and patients to use prefilled syringes. In addition, the minimal contamination of drug molecules and self-administration of drugs at home settings has increased the demand for prefilled syringe drug molecules. Manufacturers are focussing on introducing updated technologies and advanced products to attract customers. Pharmaceutical companies are introducing generic versions for cost-effective auto-injector devices and are targeting emerging regions such as the Asia Pacific, the Middle East, and others to sustain and grow in the Global Prefilled Syringes Drug Molecules Industry.

Prefilled Syringes Drug Molecules Market: Segmental Analysis

Based on region, North America is expected to lead the market with a huge margin. The North American prefilled syringes drug molecules market growing at a CAGR of 6.2% during the forecast period.
Based on drug class, vaccines, and insulin are anticipated to show quite a similar forecast with a high revenue share and CAGR
Based on application, immunization dominates the Global Prefilled Syringes Drug Molecules Industry with its projected revenue share. However, diabetes leads in terms of growth rate with a 6% CAGR during the forecast period.
In terms of end users, hospital pharmacies are expected to lead the global market with a market revenue of over USD 125,678 million by 2034. However, online pharmacies are projected to register a higher growth rate of 6.2% during the forecast period.

Prefilled Syringes Drug Molecules Market: Competitive Landscape

This comprehensive research report consists of a brief profile of all the major players in the industry. Some of the top companies featured in the report are Amgen Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Mylan N.V., Pfizer, Inc., Fresenius Kabi AG, Johnson & Johnson, Sanofi, Merck & Co. Inc., Novartis AG, etc. The Global Prefilled Syringes Drug Molecules Industry is highly competitive due to the presence of well-established top players. However, brands such as EpiPen auto-injector and BD Physioject disposable auto-injector have strategically maintained their position in the market owing to a distinctive value proposition such as providing more precision and accurate dosage.

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Key Segments of Prefilled Syringes Drug Molecules Market Research

by Drug Class:

Vaccines
Insulin
Adrenaline
Opioids
Others

By Application:

Prefilled Syringes Drug Molecules for Cardiovascular Diseases
Prefilled Syringes Drug Molecules for Diabetes
Prefilled Syringes Drug Molecules for Immunization
Prefilled Syringes Drug Molecules for Pain Management
Others

By End User:

Prefilled Syringes Drug Molecules Sold at Hospital Pharmacies
Prefilled Syringes Drug Molecules Sold at Retail Pharmacies
Prefilled Syringes Drug Molecules Sold through Online Pharmacies
Prefilled Syringes Drug Molecules Sold at Drug Stores

Author

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

About Future Market Insights (FMI)

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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Outpatient Clinics Market is expected to reach a milestone of USD 61.4 Billion by 2033, at a staggering 4.2% CAGR | FMI

The healthcare landscape is shifting towards outpatient care, with the Outpatient Clinics Market projected to reach a staggering USD 61.4 billion by 2033. This significant growth is predicted by Future Market Insights (FMI), a leading industry analyst.

Fueled by a growing preference for accessible and cost-effective healthcare, the outpatient clinic industry is experiencing a surge. In 2023, the market is already valued at a substantial USD 40.8 billion, and it’s expected to maintain a consistent CAGR (Compound Annual Growth Rate) of 4.2% throughout the forecast period.

Outpatient clinics, also called ambulatory care centers, have emerged as central contributors in delivering a diverse range of medical services, diagnostic tests, and treatments without the need for overnight hospitalization. This transformative shift in healthcare delivery seamlessly aligns with the escalating global demand for convenient and efficient healthcare solutions.

Growing advancements in medical technology have led to the development of treatment techniques and medications that do not require patients to stay for long hours at clinics or hospitals.

However, the imposition of strict regulations will continue to hinder the global market growth of outpatient disorders over the forecast period.

Future Market Insights states that the global market of outpatient clinics is projected to reflect a CAGR of 4.3%, representing more than US$ 39,000 Mn by 2022-end.

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Factors Fuelling Outpatient Clinics Market Growth

Growth of the Global Outpatient Clinics Industry is mainly bound to various macro-economic and micro-economic factors.
The prevalence of chronic diseases such as asthma, diabetes, depression, and congestive heart failure leads to complex and severe health problems.
With the escalating cost of the treatment process in various healthcare organizations, patients prefer visiting outpatient clinics to access treatment.
Growing concerns regarding the increasing prevalence of cardiovascular diseases such as elevated blood pressure levels, hypertension, coronary heart diseases, and cerebrovascular diseases have further led to a surge in demand for outpatient clinics globally.
Demand for quick and effective treatment of cardiovascular diseases will continue contributing to the global market growth of outpatient disorders.
According to a recently published report by the CDC, nearly 610,000 people die of heart attack in the U.S. each year, which is 1 in every 4 deaths.
As cardiovascular diseases continue to remain a leading cause of mortality globally, demand for effective and quick treatment processes will continue to remain high.
These factors are projected to impact the global market growth of outpatient clinics throughout the forecast period.
Collaborations among private insurance companies and outpatient clinics will continue to remain a major trend in the global market.
Through collaborations, private insurance companies offer payment and services in outpatient clinics.
Imposition of regulations such as the Health Care and Educational Reconciliation Act and Patient Care Affordable Act provides U.S. citizens with public health insurance coverage and offers access to private health insurance services.
Moreover, increasing employee benefits such as Employees’ health insurance by employers is projected to contribute towards the global market growth of outpatient clinics over the forecast period.

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However, the Global Outpatient Clinics Industry of outpatient clinics will continue to witness inhibiting growth attributed to various factors.

The imposition of strict regulations and a limited number of doctors for the treatment of various diseases will remain a key factor inhibiting demand for services offered by outpatient clinics.

As the patients are not monitored for a long period, the risk of addiction to alcohol and drugs is projected to remain high.

Moreover, the lack of access to counselors in comparison to the residential and inpatient facilities is further projected to impede the global market growth of outpatient clinics.

Sales to Remain High Through Cardiology Specialty Areas

The prevalence of chronic and cardiovascular disorders is projected to fuel demand for multi-specialty centers globally.

In terms of revenue, the multi-specialty center type segment is projected to witness significant growth, representing more than US$ 8,400 Mn by 2022-end.

Moreover, the multi-specialty center type segment is projected to reflect the fastest growth in the global market of outpatient clinics throughout the forecast period.

Based on specialty type, the dermatology segment is projected to reflect a significant CAGR through 2022.

However, the cardiology specialty areas segment is projected to represent a robust revenue growth, recording more than US$ 3,000 Mn over the forecast period.

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Author

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

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

About Future Market Insights (FMI)

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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Blood Warmer Devices Market is expected to grow at a 7.6% CAGR and reach USD 937.5 million by 2032 | FMI Study

The Blood Warmer Devices Market is experiencing a significant temperature rise! According to a new report by Future Market Insights (FMI), the global blood warmer devices market is projected to reach a scorching USD 937.5 million by 2032. This substantial growth is fueled by a steady Compound Annual Growth Rate (CAGR) of 7.6%, building on a current market value of USD 451.2 million in 2022.

Among the key findings, intravenous warming systems have emerged as the market leader, claiming a substantial market share of 47.1% in 2021. FMI’s comprehensive report provides a detailed trajectory analysis of the industry, offering invaluable insights into crucial market drivers, trends, and challenges.

According to the FMI study, the Global Blood Warmer Devices Industry is on track for consistent growth, projecting a 5.0% CAGR from 2017 to 2026. By the conclusion of 2026, the market is estimated to generate an impressive US$ 223.5 million in revenue. The escalating prevalence of trauma incidents, bypass surgeries, thyroid and orthopedic surgeries, coupled with the rising cases of diabetes, is propelling the adoption of blood-warming devices. These devices play a pivotal role in the treatment and prevention of complications such as hemorrhage and hypothermia.

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Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during the blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood-warming devices. Manufacturers are also working on new business strategies to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in some complications.

Key Market Players Competing to Sustain in the Market

The report offers a detailed profile of some of the key market players in the Global Blood Warmer Devices Industry such as 3M Company, Smiths Medical, The 37 Company, GE Healthcare, Emit Corporation, Stryker Corporation, Geratherm Medical, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Biegler GmbH, Belmont Instrument, Keewell Medical Technology Co. Ltd., and Baxter International Inc. (Gambro). These key players are continuously working on new business strategies to offer better products and compete in the global market.

Forecast Highlights on the Blood Warmer Devices Market

The Global Blood Warmer Devices Industry is segmented based on end-user, product type, application, and region. Based on the product type, the segment includes intravenous warming systems, surface warming systems,s, and blood warming accessories. Among these, surface warming system is expected to be the widely accepted product in the global blood-warmer devices market. By the end of 2026, the surface warming system is estimated to surpass US$ 100 million in revenue.

Based on end users, the segmentation consists of hospitals, blood banks, home care settings, and others. Hospitals are expected to be the largest users of blood warmer devices. By the end of 2017, hospitals are estimated to account for nearly two-thirds of the revenue share.

Based on the application, the market is segmented into home care, preoperative care, acute care, newborn care, and other applications. Blood warming devices are expected to find the largest application in preoperative care. By the end of 2026, the preoperative care segment is estimated to reach nearly US$ 100 million in revenue.

Geographically, the market is segmented into Europe, North America, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and Latin America. Among these, North America is expected to dominate the Global Blood Warmer Devices Industry during the forecast period 2017-2026. The increasing occurrence of hypothermia among the aging population and infants in the U.S. is one of the factors driving the growth in North America. Growth in trauma cases and surgeries is also contributing to the growth of the market in the region.

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Blood Warmer Devices Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Product Type

Intravenous Warming System
Surface Warming System
Blood Warming Accessories

End User

Hospitals
Blood Banks
Home Care Settings
Other End Users

Application

Preoperative Care
Home Care
Acute Care
New Born Care
Other Applications

Author

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

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

About Future Market Insights (FMI)

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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Perfume Pack Market to Expand at 4.7% CAGR, Reaching USD 3.6 Billion by 2032

The perfume pack market is set for steady growth, with projections indicating a compound annual growth rate (CAGR) of 4.7%. From a market value of USD 2.3 billion in 2022, the market is anticipated to reach USD 3.6 billion by 2032, driven by increasing demand for innovative and aesthetically appealing packaging solutions.

Perfume packaging plays a crucial role in the cosmetic and fragrance industry, not only protecting the product but also serving as a key element in branding and consumer appeal. The market’s growth is fueled by advancements in packaging technology, rising disposable incomes, and the growing popularity of luxury and designer fragrances worldwide.

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Spain, a Catalyst for Perfume Packaging Sales: The burgeoning cosmetic and perfumery sector in Spain is set to propel the demand for perfume packaging, with a projected CAGR of 6.0% from 2022 to 2032. Stanpa’s report underlines the significant 33% market share of the perfume sector within Spain’s personal care, makeup, hair care, perfume, and skincare industry.

Spain’s Global Influence as a Perfume Exporter: As the second-largest global exporter of perfumes, Spain is poised for prominence. With an average consumption of 28 cosmetic and perfume products per individual annually, Spain emerges as a lucrative market, solidifying its role as a key player in the global perfume industry.

Market Drivers:

Growing Consumer Demand:
- Consumer preferences for personal grooming and fragrance products have been steadily increasing, driving the demand for perfume packs.
Innovation in Packaging:
- Companies often introduce innovative and aesthetically pleasing packaging designs to attract consumers. Unique and appealing perfume packaging can enhance the product’s perceived value.
E-commerce Growth:
- The rise of e-commerce platforms has expanded the reach of perfume products, providing manufacturers with new distribution channels and opportunities to reach a wider audience.
Rising Disposable Income:
- As disposable income increases, consumers are more likely to spend on luxury and premium products, including high-end perfumes that often come in elaborate and well-designed packaging.
Celebrity Endorsements:
- Endorsements by celebrities and influencers can significantly impact consumer preferences, leading to increased sales of particular perfume brands and their respective packaging.

Market Restraints:

High Manufacturing Costs:
- The production of aesthetically appealing and high-quality perfume packaging can be costly. This may impact profit margins, especially for smaller manufacturers.
Environmental Concerns:
- With a growing focus on sustainability, there is increasing pressure on industries to adopt eco-friendly packaging solutions. Traditional perfume packaging often involves materials that contribute to environmental issues.
Counterfeiting Issues:
- The perfume industry faces challenges related to counterfeit products. This not only affects brand reputation but can also impact consumer trust in the market.
Regulatory Compliance:
- Strict regulations regarding the use of certain materials in packaging and labeling requirements can pose challenges for manufacturers, especially if they operate in multiple regions with varying regulatory standards.
Fluctuating Raw Material Prices:
- Volatility in the prices of raw materials, such as glass, plastic, and metals used in packaging, can affect production costs and ultimately impact the pricing of perfume packs.

Competition Landscape

With the presence of various local and regional competitors in the market, the global perfume pack market is highly competitive. Key players are focusing on various strategies to increase their revenue such as capacity expansion, mergers & acquisitions, expansions, collaborations, and partnerships.

The Key Players Are:

Gerresheimer AG,
Berry Global Group,
Amcor plc,
Stölzle-Oberglas GmbH,
SGB Packaging,
Corpack GMBH,
Aptar Group, and
Alpha Packaging
H&K Müller GmbH & Co. KG,
Yonwoo C. Ltd.,
Quadpack,
Plásticos FACA S.A, and
others.

Key Takeaways:

Based on the material, the glass segment is projected to hold around a 3/4th of the market share by the end of 2022.
The preference for standard bottles creates a growth opportunity for the perfume pack market which is projected to be worth US$ 1.1 Billion during 2022-2032.
As per the capacity segment, above 50 ML perfume pack are projected to hold around 65% of the market share by the end of 2032.
The increasing perfume production and consumption in Europe and North America region is estimated to propel the demand for perfume packs in these regions.

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Perfume Pack Market By Category

By Material:

Glass
Plastic

By Product Type:

Standard Bottles
Pocket Spray Bottles
Vials

By Capacity:

Less than 10 ML
10 ML – 50 ML
Above 50 ML

About Future Market Insights (FMI)

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Breathing Circuits Market is anticipated to grow steadily at a 4.2% CAGR to reach USD 1.76 Billion by 2032 | FMI

The Breathing Circuits Market, essential medical equipment used in ventilation, is expected to reach a value of USD 21.6 billion by 2034. This represents a steady increase from its current valuation of USD 15.3 billion in 2024, with a projected CAGR (Compound Annual Growth Rate) of 3.5% over the forecast period.

The surge in global demand for breathing circuits is attributed to the escalating prevalence of chronic inflammation, primarily fueled by factors such as smoking. The rising incidence of chronic conditions like coughing, bronchial cancer, and asthma is expected to drive the demand for advanced breathing circuit solutions.

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Factors Fuelling Growth of the Breathing Circuits Market

Growth of the Global Breathing Circuits Industry is mainly bound to various macro-economic and micro-economic factors. The increasing prevalence of bronchial cancer, chronic coughing, and asthma has led to a surge in demand in the healthcare industry. Increasing preference for smoking is further expected to impact the growth of the global market. Smoking leads to chronic inflammation and further increases the asthmatic effect in the patients. These factors lead to the increasing adoption of breathing circuits in hospitals, clinics, and ambulatory surgical centers.

In its recent report, the CDC revealed that 18.4 million in the age bracket of 18 years and over, which represents 7.6% of adults have asthma. The increasing prevalence of various diseases such as asthma and bronchial cancer has revved up demand for devices that facilitate deep breathing in the healthcare industry. Attributed to such factors, breathing circuits in the healthcare industry will continue to witness increasing adoption.

Breathing circuits are equipped with features such as innovative face masks, tubes, and heat, which provide ideal care and comfort to the patients. Healthcare professionals are also witnessed to be using breathing circuits for drug delivery to patients. Increasing demand for delivering medications to children, old age patients, and infants during emergencies will continue to contribute towards the global market growth of breathing circuits.

On the other hand, several factors are likely to impact the global market growth of breathing circuits negatively. Breathing circuits used in ambulatory surgical centers, hospitals, and clinics are equipped with unidirectional valves and increasingly absorb CO2. Due to these factors, the patients resist breathing through breathing circuits. Further, increasing complexities while operating breathing circuits can be fatal during emergency cases. In addition, the preference for practicing yoga to enhance health conditions is further expected to impact the growth of the global market negatively. Attributed to such factors, sales of breathing circuit devices will continue to drop in the global market over the forecast period.

Hospitals to Represent a Major End User

The increasing prevalence of breathing problems such as asthma has revved up adoption of the open breathing circuits in the healthcare industry. Based on the product type, the open breathing circuits segment is projected to generate significant revenues, recording more than US$ 2,000 Mn by 2022-end. On the other hand, the semi-open breathing circuits segment is projected to reflect a robust CAGR throughout the forecast period. In terms of revenue, the hospital’s end users segment is projected to represent the fastest growth, accounting for more than US$ 2,000 Mn by 2017-end.

The anesthesia application segment is projected to represent robust revenue growth, recording more than US$ 2,000 Mn by 2022-end. In contrary to this, the respiratory dysfunction application segment is projected to reflect the highest CARG through 2022.

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Breathing Circuits Market Players

Major players operating in the global market of breathing circuits are C. R. Bard Inc., Ambu A/S, Armstrong Medical Industries, Inc., Altera Corp., Beijing Aeonmed Co., Ltd., Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Bio-Med Devices, Flexicare Medical Ltd., Dragerwerk AG & Co. KGaA, Teleflex Incorporated, General Electric Company and Smiths Group plc.

Key Segments Covered in the Breathing Circuits Market

By Product:

Open Breathing Circuits
Semi Open Breathing Circuits
Closed Breathing Circuits

By Application:

Anesthesia
Respiratory Dysfunction
Other Applications

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics
Home Care Settings

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Author

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 Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

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

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Horticulture Film Market Poised to Reach USD 19.55 Billion by 2032, Driven by Strong CAGR of 6.20%

The horticulture film market is experiencing rapid growth, with projections indicating a robust compound annual growth rate (CAGR) of 6.20% from 2022 to 2032. Estimated at USD 10.89 billion in 2022, the market is expected to expand significantly and reach USD 19.55 billion by 2032.

Horticulture films play a critical role in modern agriculture by enhancing crop yields, protecting plants from adverse weather conditions, and optimizing water usage. The market’s growth is driven by advancements in agricultural practices, increasing adoption of greenhouse farming, and the rising demand for sustainable agricultural solutions globally.

The global population is expected to cross 8 Bn by the year 2030. This would result in increase in demand for food as well. This would exert pressure on farm produce. The techniques employed for increasing production include controlled agriculture and adoption of greenhouse films by minimization of soil erosion, subverting weeds, and likewise.

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In addition, greenhouse films are being made with additional features like UV protection, NIR blocking, and so forth. Indeed, the UV-blocking coatings shield plants from pests and illnesses. NIR blocking films do block radiation along with stimulating growth of plants. Then there are fluorescent films that let only spectrum radiation of 300 – 700 nm to enter the greenhouse. The other technological advancements include drip farming, soil fumigation, and ventilation to the crops.

at the same time, the fact that installation costs are high can’t be ignored. The developing countries would certainly be thinking twice before going for horticulture films.

The internet has spread widely over the past ten years, which has led to an increase in e-commerce worldwide. As a result, a wide range of packaging choices are entering the agricultural packaging industry. The good news is that horticulture films can be used to control weed growth and soil temperature.

The most recent market research from Future Market Insights, titled “Horticulture Film Market,” walks through these data with insights. Using a bottom-up methodology, the team of analysts and consultants aims to shed light on the various aspects through primary, secondary, and tertiary ways of study.

“With rising demand for greenhouse-cultivated crops, the global horticulture film market is slated to grow on a splendid note in the years to come”, says an analyst from Future Market Insights.

Key Takeaways from Horticulture Film Market:

Europe holds more than 25% of the market share.
North America holds more than 12% of the market share and, along with Europe, would continue to remain the same even going forward. This could be credited to horticulture films being increasingly adopted all across.
The Asia-Pacific holds more than 40% of the market share. This could be attributed to the region being home to agrarian economies.

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Competitive Films:

BASF SE has tabled new films designed for mulching and do have light stabilizers that render protection against solar radiation and agrochemicals. It’s polymer ‘ecovioM’ does contain bio-based components and is biodegradable in its entirety. As such, farmers need not collect horticulture films post-harvest. They can, instead, plough them on direct basis into ground; which does save on money as well as time.
Plastika Kritis, in July 2019, did develop novel EVO AC films. They comprise 8 layers that are based on nanomaterials; with the long-lasting anti-dripping effect. They do end up having a much better performance as compared to the other films wherein additives get slowly depleted within the time-span of 1-2 years.
CNH Industrial N.V., in November 2021, did acquire Raven Industries, Inc. to expand its offerings pertaining to agriculture technology, aerospace and defense services, and high-performance specialty films.
Exxon Mobil Corporation, in June 0200, did introduce metallocene linear low-density polyethylene (mLLDPE) high-performance flexible films for agricultural, packaging, and industrial applications; thereby rejuvenating flexible packaging film vertical.

Key Segments Profiled in the Horticulture Film Market:

By Product Type:

Mulch Films
Greenhouse Films
Ventilated Stretch Films.

By Material:

Polyethylene
Polypropylene
PVC
PLAY
Other types of plastics.

By Application:

Greenhouse Film
Silage

By Region:

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

About Future Market Insights Inc. (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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Hyaluronic Acid Products Market Is Expected to Expand at a 7.4% CAGR and Reach Over USD 6.8 Billion by 2033 | FMI Study

The global Hyaluronic Acid Products Market is projected to reach a staggering USD 6.84 billion by 2033, reflecting a robust CAGR (Compound Annual Growth Rate) of 7.4%. This significant growth builds on a solid foundation, with the market valued at an estimated USD 3.34 billion in 2023.

The market’s upward trajectory is attributed to innovative research and development activities by manufacturers, contributing to the continuous evolution of hyaluronic acid products. Bioventus, a pioneering player in the field, made a significant impact with the introduction of Durolane, a cutting-edge joint lubricant designed to alleviate knee osteoarthritis pain through a single injection. Notably, Bioventus stands out as the exclusive provider in the United States market, offering a range of hyaluronic acid options, including one injection (Durolane), three injections (Gelsyn-3), and five injections (Supartz FX), catering to diverse patient needs.

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The aging population has created a significant demand for non-invasive procedures, leading to increased adoption of hyaluronic acid-based dermal fillers that offer an alternative to traditional surgeries. Moreover, the cost of such treatments is minimal, thereby contributing to the growth of the market.

The global market is experiencing significant growth due to the high usage of anti-aging cosmetic products. For instance, in 2018, there were 17.7 million cosmetic procedures performed, according to the Aesthetic Plastic Surgery statistics published in 2020. Similarly, in 2019, the International Society of Plastic Surgery (ISPAS) reported that 1.5 million individuals aged 51-64 years underwent botulinum toxin procedures worldwide. These high statistics are contributing to the increasing market value of the hyaluronic acid market.

Key Takeaways from the Hyaluronic Acid Products Market

North America is expected to dominate the market while growing with a CAGR of 1% during the forecast period.
The market in India is projected to witness a CAGR of 8% during the forecast period.
The market in China is expected to grow at an 8% CAGR during the forecast period.
By product type, the cycle injection segment is projected to lead the segment and is estimated to grow with a CAGR of 01% during the forecast period.
By distribution channel, the hospital pharmacies segment is expected to lead the market. It is expected to grow with a CAGR of 8% throughout the forecast period.

Rising demand for non-invasive procedures and anti-aging personal care products are expected to fuel growth in the market during the forecast period, comment by Sabyasachi Ghosh (Associate Vice President at Future Market Insghts, Inc.)

Competitive Landscape in the Hyaluronic Acid Products Market

The Global Hyaluronic Acid Products Industry is extremely competitive and consists of various key industry players. These players are heavily investing in the hyaluronic acid products market.

The key industry players are Anika Therapeutics, Inc., Fidia Farmaceutici S.p.A., Sanofi, Ferring B.V., Viatris Inc., Croma-Pharma, Seikagaku Corporation, Zimmer Biomet, Lifecore Biomedical, LLC, LG Chem, Bioventus LLC, Smith & Nephew plc, Shanghai Jingfeng Pharmaceutical Co., Ltd., Nestle (Galderma), Bausch Health Companies Inc. (Salix Pharmaceuticals, Inc.), Allergan Plc.

Some recent developments in the Hyaluronic Acid Products Market are:

In February 2022, AbbVie Inc.’s subsidiary Allergan received the Food and Drug Administration’s approval for JUVÉDERM VOLBELLA XC, which can improve infraorbital hollows in adults over 21 years old. This expanded the company’s aesthetic product portfolio in the United States market.
In February 2021, Contipro, a well-known manufacturer of hyaluronic acid-based in the Czech Republic, introduced a new product for anti-aging and anti-acne treatment called HyRetin, which helps in improving skin appearance.
Anika Therapeutics announced its acquisition of Parcus Medical, a leading sports medicine company, and Arthrosurface in January 2020. The acquisition is expected to enhance Anika’s commercial capabilities and infrastructure.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the Global Hyaluronic Acid Products Industry, providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Global Hyaluronic Acid Products Industry, the market is segmented based on product type, by application, by distribution channel, and by region.

Key Companies Profiled in the Hyaluronic Acid Products Market

Anika Therapeutics, Inc.
Fidia Farmaceutici S.p.A.
Sanofi S.A
Ferring B.V.
Viatris Inc.
Croma-Pharma
Seikagaku Corporation
Zimmer Biomet Holdings
Lifecore Biomedical LLC
LG Chem
Bioventus LLC
Smith & Nephew plc
Shanghai Jingfeng Pharmaceutical Co., Ltd.
Nestle (Galderma)
Bausch Health Companies Inc. Companies Inc. (Salix Pharmaceuticals, Inc.)
Allergan Plc.

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Key Segments Profiled in the Hyaluronic Acid Products Market Survey

By Product:

Single Cycle Injection Products
Three-Cycle Injection Products
Five Cycle Injection Products

By Application:

Osteoarthritis
Ophthalmic
Dermal Fillers
Vesicoureteral Reflux

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Specialty Clinics

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Author

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

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

About Future Market Insights (FMI)

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: