Market Research Blog – Page 1919 – New Product Development

Global Human Growth Hormone Treatment and Drugs Market to Reach USD 5.26 Billion by 2033

The global human growth hormone treatment and drugs market, valued at USD 3.67 Billion in 2023, is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 3.7% from 2023 to 2033, reaching approximately USD 5.26 Billion by the end of the forecast period.

Human growth hormone (hGH), also known as Somatotropin, is pivotal in human development, influencing cell regeneration, reproduction, and growth stimulation. The market’s growth is driven by increasing incidences of conditions such as Prader-Willi syndrome, Turner syndrome, and idiopathic short stature (ISS), which are associated with hGH deficiency. These conditions can lead to delayed puberty and shorter-than-average height due to inadequate synthesis by the pituitary gland.

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While hGH serves as a vital medication for these conditions, it has unfortunately seen misuse in the realms of bodybuilding, sports, and among older adults seeking anti-aging solutions. It’s essential to note that the USFDA has not approved hGH for anti-aging or performance-enhancing purposes due to its classification as a prohibited substance.

However, the demand for medication growth hormones continues to rise, addressing the growing prevalence of these conditions among both young and elderly populations worldwide. The availability of human growth hormone medications in the market is contributing to increased awareness of their health benefits, subsequently driving revenue growth for manufacturing companies.

As we move forward, it’s crucial for stakeholders across the healthcare spectrum to ensure the responsible and ethical use of human growth hormone, emphasizing its intended medical purposes while discouraging its misuse for non-approved applications.

Key Takeaways: Human Growth Hormone Treatment and Drugs Market (2023-2033)

The global Human Growth Hormone Treatment and Drugs Market is expected to reach a value of around USD 5.26 billion by 2033, reflecting a steady growth at a Compound Annual Growth Rate (CAGR) of 3.7% from 2023 to 2033.
Growth Drivers:
- Increasing geriatric population with growth in hormone replacement therapies.
- Rising awareness about growth hormone deficiencies and their treatment options.
- Growing investments in research and development (R&D) for novel Human Growth Hormone (HGH) therapies.
- Expanding government initiatives supporting hormone therapies.
Market Potential: A robust product pipeline, diversification of treatment options, and increasing focus on patient well-being are expected to propel market growth further.

“A healthy product portfolio and extensive Market research investments for the emergence of future growth hormone treatments are projected to propel the sales of human growth hormone treatment & drugs.”

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Competitive Landscape:

Advancements in the development of more efficient chemical formulations are poised to boost the demand for adult human growth hormone injections, benefiting market participants. Leading companies in this sector are actively pursuing mergers and acquisitions to extend their market presence and ramp up the production of human growth hormone injections.

In February 2022, Pfizer Inc. and OPKO Health, Inc. introduced NGENLA, a once-weekly injection of a long-acting recombinant human growth hormone authorized by the European Commission. This injection is indicated for treating inadequate growth hormone secretion from infancy up to adolescence.
Additionally, in 2021, the US Food and Drug Administration (FDA) approved Eli Lilly’s product Verzenio (abemaciclib), a CDK4/6 inhibitor for high-risk early breast cancer with HR+ HER2- status.

Key Companies Profiled:

Ankebio Co. Ltd.
Eli Lilly and Company
Emd Serono
Ferring Pharmaceuticals
Genentech Inc.
Gene Science Pharmaceutical Co. Ltd.
Ipsen, LG Life Sciences
Merck KGaA
Novo Nordisk
Ascendis Pharma
Pfizer Inc.

Key Market Segments Covered in Human Growth Hormone Treatment and Drugs Market Industry:

By Route of Administration:

Subcutaneous
Intramuscular
Intravenous
Oral

By Application:

Growth Hormone Deficiency
Turner Syndrome
Idiopathic Short Stature (ISS)
Prader-Willi Syndrome (PWS)
Other Applications

By Distribution Channel:

Hospital Pharmacy
Specialty Pharmacy
Retail Pharmacy
Online Pharmacy

By Region:

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

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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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Global Protective Mask Market Set for Rapid Expansion with a Projected CAGR of 34.5% by 2032

The global protective mask market is poised for significant growth, according to a recent industry report. The market, which includes various types of protective masks designed for respiratory and facial protection, is projected to achieve a remarkable compound annual growth rate (CAGR) of 34.5% from 2022 to 2032.

The surge in demand for protective masks can be attributed to several factors, including heightened awareness of respiratory health, increasing industrial safety regulations, and the ongoing global health challenges that prioritize personal protective equipment (PPE). These masks are crucial in safeguarding against airborne particles, infectious diseases, and pollutants, driving their adoption across healthcare facilities, industrial sectors, and among the general public.

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Key findings from the report highlight a robust market landscape characterized by innovations in material science, advanced filtration technologies, and ergonomic design improvements aimed at enhancing user comfort and efficacy. As the market expands, manufacturers are focusing on sustainable production practices and regulatory compliance to meet evolving consumer expectations and global standards.

“With a projected CAGR of 34.5% over the next decade, the global protective mask market represents a significant growth opportunity for stakeholders across the supply chain,” stated FMI. “This growth trajectory underscores the critical role of protective masks in ensuring public health and safety, driving investments in research, development, and production capacity.”

As industry leaders navigate this dynamic market landscape, strategic partnerships, product diversification, and geographical expansion are expected to be key strategies for capitalizing on emerging opportunities and meeting evolving consumer demands.

Key Takeaways: Protective Mask Market Growth

The global protective mask market is expected to see significant growth at a CAGR of 34.5% between 2022 and 2032.
Asia Pacific is projected to be the fastest-growing region due to factors like:
- Densely populated countries like China and India driving mask usage.
- Strong presence of mask manufacturers in the region.
Increased government and NGO recommendations for masks, particularly in emerging economies facing new waves of illnesses, will boost demand.
Stringent guidelines from WHO and other organizations benefit established and new players in the market.
N95 respirator production is likely to expand due to their high effectiveness, with rising demand from North America and Western Europe.

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Key Players:

3M
BSN Medical
Honeywell
Coltene
Cardinal Health
Dentsply Sirona

Key Market Segments:

By Material Type:

Polypropylene (PP)
Polyurethane
Polyester
Cotton
Others
- Flexible PVC
- PET
- Rubber
- Silicon

By Type:

Surgical
- ASTM 1
- ASTM 2
- ASTM 3
Respirator
- N-Series
- R-Series
- P-Series
Procedure
Others
- Dust mask
- Fashion mask
- PITTA mask

By Nature:

Disposable
Reusable

By End Use:

Hospitals & Clinics
Industrial & Institutional
Personal/Individual Protection

By Distribution Channel:

Pharmacy & Drug Stores
Supermarket & Hypermarket
Specialty Stores
E-commerce

By Region:

Asia Pacific
North America
Europe
Middle East & Africa
South America

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Visitor Identification Software Market is Expected to Reach a High Valuation of USD 13.0 Billion by 2032 | FMI

The visitor identification software market is expected to escalate at a CAGR of 14%, from USD 3.5 billion in 2022 to USD 13 billion by 2032.

The visitor identification software helps organizations maintain visitor data as they focus on managing visitors to their web pages. Proper management of visitor data permits enterprises to make informed decisions on how to approach customers so that they can become potential customers and, thereby, maximize revenue.

Based on the pricing model, the fixed pricing segment is predicted to grow at the fastest rate during the forecast period. The consumer durables & electronics segment has dominated the visitor identification software market over the past few years and is expected to dominate over the forecast period.

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Web development is no longer a one-time activity for organizations. Based on the huge amount of data gathered by this software, organizations can make their websites better over time.

Using web analytics tools effectively helps companies choose the right analytics vendor, which ultimately reduces costs and increases revenue, consequently strengthening the design of the sites and making them more accessible.

Key Takeaways from the Visitor Identification Software Market Report:

The visitor identification software market is predicted to develop at a CAGR of 13.5% in the large enterprise section of the organization size category.
The CAGR for the fixed pricing segment of the pricing model method category in the visitor identification software market is anticipated to be 13.5% through 2032.
In the United States, the visitor identification software market is estimated to reach USD 4.6 billion by 2032, rising at a CAGR of 13.8% throughout the forecast period.
By 2032, the visitor identification software market in the United Kingdom is expected to be valued at USD 539.6 million, with a CAGR of 12.9% through 2032.
With a CAGR of 13.4% throughout the forecast period, China is expected to reach a market size of USD 910.9 million in the visitor identification software market by 2032.
By 2032, Japan’s visitor identification software market is estimated to be worth USD 742.6 million, growing at an annual rate of 12.4% through 2032.
With a CAGR of 11.5% throughout the forecast period, South Korea is predicted to reach a market size of USD 429.3 million in the visitor identification software market by 2032.

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Competitive Landscape:

The visitor identification software market in the United States is expected to reach a revenue of USD 2235.76 Million by 2027 due to a growing need among enterprises to maximize their revenue by offering customized solutions, managing web traffic, and increasing visitor numbers.

The mobile app segment is likely to grow more rapidly than the web-based segment based on the platform. Increasingly, businesses and residential facilities are turning to mobile app-based visitor identification software solutions to enhance security and digitize processes in building operations.

Mobile apps that provide visitor identification software market provide easy access to information about invites, visitors, personal sign-in, and more. The app allows users to avoid queues with fast QR code sign-in, view visitor details, manage employee details, and receive arrival notifications.

Leading Key Players:

Among the companies operating in the visitor identification software market are Act-On Software, Inc., Zoho Corporation Pvt Ltd, KickFire, Clearbit, netFactor (bombora), SHARPSPRING, Upland Software, and Liidio Oy (lead feeder).

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Visitor Identification Software Market Segmentation:

By Organization:

Small and Medium Enterprises
Large Enterprises

By Pricing Model:

Fixed Pricing
Variable Pricing

By Industry Vertical:

BFSI
IT & Telecom
Consumer Durables & Electronics
Travel & Hospitality
Automotive
Others

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Global Heart Beat Irregularity Detection Devices Market Set to Expand Significantly USD 20.7 Million by 2033 | FMI

The global market for heart beat irregularity detection devices is poised for substantial growth, according to a recent industry report. Projections reveal that by 2033, the market is anticipated to reach USD 20.7 million, reflecting a notable compound annual growth rate (CAGR) of 4.5% from its valuation of USD 13.4 million in 2023.

This upward trajectory is driven by the increasing demand for early detection of cardiac arrhythmias, a critical factor in ensuring optimal patient care. The ability to promptly identify these irregularities allows for timely intervention, ultimately improving patient outcomes.

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The COVID-19 pandemic had a temporary impact on the market. While the initial focus on pandemic response shifted some resources away from other areas of healthcare, the overall demand for heart arrhythmia detection remained strong. In fact, the pandemic highlighted the importance of remote patient monitoring, potentially leading to an increased adoption of these devices in the future.

As COVID-19 cases decline and healthcare services resume normal operations, the market for heart beat irregularity detection devices is expected to experience a significant upswing. Healthcare providers are actively seeking ways to improve their ability to deliver medical care while monitoring patient progress remotely. This trend is expected to further propel the growth of this market.

Key Takeaways:

The Holter monitor segment of the heart beat irregularity detection devices market was worth more than USD 2.8 billion in 2021, and it is predicted to expand significantly during the forecast period.
During the analysis period, the tachycardia monitoring devices sector is expected to increase at a 6.8% CAGR based on application.
By the end of the year, the heart beat irregularity detection devices market for resting ECG devices is expected to be worth more than USD 2.8 billion, with a CAGR of 4.6% during the projection period.
The largest region, North America, has a high heart beat irregularity detection devices market attractiveness rating. By the end of the projected period, the heart beat irregularity detection devices market in this area is expected to be worth USD 2,900 Million.
During the projection period, the mobile heart beat irregularity detection devices market sector is expected to increase at a substantial rate, with a CAGR of 8.4%.
With a 5.8% CAGR, the ventricular fibrillation segment is expected to achieve a heart beat irregularity detection devices market worth over USD 2,500 Million.
During the projection period in heart beat irregularity detection devices market, the hospitals segment is expected to develop at a high CAGR of 6.9%.

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Competitive Landscape:

Philips agreed to buy Cardiology, a medical technology startup focusing on combining cloud technology and artificial intelligence to enhance heart diagnostics, in November 2021. (AI). This purchase expands the company’s heart beat irregularity detection devices product line, providing revenue growth potential in the market.
The Federal Commission for the Protection against Sanitary Risk (COFEPRIS) gave AliveCor permission to launch KardiaMobile in Mexico in February 2020. The business has teamed up with Inpharamo to roll out the medical-grade ECG across the United States. As a result, the firm has been able to extend its global reach as well as its client base.

Key Companies Profiled:

Alive Cor
Applied Cardiac Systems
Biotronik
Biotricity
GE Healthcare
iRhythm Technologies
Koninklijke Philips N.V.
Medtronic plc.
Nihon Kohden Corporation
St. Jude Medical (Abbott Laboratories)
Welch Allyn (Hillrom Services, Inc.)
NUUBO Smart Solutions Technologies, SL
Spacelabs Healthcare, Inc. (OSI Systems, Inc.)
Fukuda Denshi Co., Ltd.
Schiller AG
Mortara Instrument Inc.
BPL Medical Technologies
Lepu Medical Technology(Beijing) Co., Ltd

Key Segments Covered in Heart Beat Irregularity Detection Device Industry Research:

Devices:

Holter Monitor
Event Recorder
Mobile Cardiac Telemetry
Implantable Cardiac Monitor
Electrocardiogram
Others

Applications:

Tachycardia
- Atrial Tachycardia
- Ventricular Tachycardia
Bradycardia
Premature Contraction
Others

End-User:

Hospitals and Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Homecare Settings
Others

Region:

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

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Global Clinical Nutrition Market Poised for Significant Growth, Reaching USD 29.2 Billion by 2033

Future Market Insights (FMI), a leading provider of market research and consulting services, has unveiled its latest findings on the global clinical nutrition market, projecting a robust growth trajectory in the coming years. According to FMI’s comprehensive analysis, the market is set to achieve a remarkable milestone, reaching USD 13.4 billion by 2023 and is expected to surge further to USD 29.2 billion by 2033. This growth reflects a substantial compound annual growth rate (CAGR) of 8.1%.

The burgeoning demand for clinical nutrition solutions is driven by a combination of factors. Consumers are increasingly recognizing the critical role of nutrition in maintaining overall health, leading to heightened awareness and a growing preference for specialized clinical nutrition products tailored to specific health needs. Furthermore, the global aging population is significantly contributing to market expansion. Clinical nutrition products are pivotal in managing chronic health conditions and enhancing well-being among older adults, thus fueling market growth.

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“We are witnessing a transformative phase in the clinical nutrition market,” stated a spokesperson from FMI. “The convergence of heightened consumer awareness and the demographic shift towards an aging population underscores the immense growth potential for specialized nutritional products.”

FMI’s report highlights that North America currently dominates the clinical nutrition market, driven by advanced healthcare infrastructure and widespread adoption of innovative nutritional therapies. However, Asia Pacific is poised to emerge as a lucrative market opportunity, supported by increasing healthcare expenditure and rising awareness of preventive healthcare measures.

As the global clinical nutrition market continues to evolve, stakeholders across the healthcare spectrum are urged to capitalize on emerging trends and innovations to meet the growing demand for effective nutritional solutions.

Key Takeaways:

Adults are leading the consumer segment with a growth of 7.8%. Adults are now more prone to chronic diseases due to their unhealthy choices and sedentary lifestyles.
Cancer leads the application segment with a rate of 7.6%. A cancer patient is highly vulnerable to malnutrition, which can cause nutritional deficiencies and can severe the patient’s condition. To overcome this, proper and planned nutrition is required along with the therapies.
The United Kingdom holds a leading position in the European clinical nutrition industry with a growth rate of 7.2% due to the high prevalence of chronic diseases, the growing elderly population, and the rising frequency of metabolic disorders.
The United States holds a prominent share of the market contributing revenue of USD 9.4 billion by 2033. This region has high obesity rates among other regions which is a key factor for the development of the market
China market is growing at an impressive rate of 7.5%. Diabetes is the most prevalent disease in the region which creates a significant need for proper nutrition. Growing awareness among the people is estimated to further provide lucrative opportunities in the region.

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Competitive Landscape:

Prominent firms in the sector are implementing strategic plans like boosting output and broadening their global footprint. For instance, the dairy cooperative Laita’s ESI Nutrition division announced in May 2020 that the Ploudaniel facility has the first commercial plant and a new manufacturing line that is completely operational. Additionally, ESI Nutrition sought to increase the variety of formats clients could choose from, so it introduced two new, smaller-than-usual container sizes: 70 ml and 90 ml. These are transparent to monitor consumption levels and ergonomically constructed to make them easy to manage.

Latest Developments:

To provide customized nutrition solutions to the South Korea market, Hologram Sciences and Maeil Health Nutrition partnered in October 2022.
In April 2022, Glanbia Nutritionals introduced TechVantage, a platform for nutrient technology that has been functionally improved, and offers customers nutrient solutions.

Key Players:

Nestle Health Science, Fresenius Kabi, Abbott Laboratories, Danone, B Braun Melsungen AG, Baxter International Inc., Mead Johnson (Reckitt Benckiser), and Perrigo are some of the key players in clinical nutrition market.

Key Segments Covered in the Clinical Nutrition Market Report:

By Product:

Infant Nutrition
Parenteral Nutrition

By Application:

Cancer
Metabolic Disorders
Neurological Diseases
Gastrointestinal Disorders
Others

By Distribution Channel:

Retail Stores
Pharmacies & Drug Stores
Online Channels
Others

By Consumer:

Pediatric
Adult

By Region:

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

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Virtual Private Cloud Market to Reach USD 129.6 Billion, Globally by 2032 at 12.8% CAGR: Future Market Insights, Inc.

The virtual private cloud market is expected to escalate at a CAGR of 12.8%, from USD 38.8 billion in 2022 to USD 129.6 Billion through 2032. The market growth of the virtual private cloud market will be supported by key factors such as the cost-effectiveness of products, the rising volume of business data and connectivity trends, & the growing need for workers to access mobile applications and resources.

The virtual private cloud market is experiencing rapid growth due to the increasing demand from small and medium enterprises, the ever-increasing adoption of cloud-based services by large enterprises across different industry verticals, along the increased number of data breaches over a network that is primarily the result of unauthorized access by third parties.

Various government agencies have been investing heavily in the digitization of their operations to improve productivity and reduce operating costs through the implementation of efficient management practices, thereby expanding the use of virtual private clouds throughout most organizations.

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Digital Business Models that have seen a rapid rise in popularity and implication, such as “as a service”, have played a significant role in fueling product innovation and development within VPC providers all over the world.

In addition to offering private cloud advantages, virtual private clouds provide safe intranet connectivity and data storage advantages in a public cloud environment.

Key Takeaways from the Virtual Private Cloud Market Report:

The virtual private cloud market is predicted to develop at a CAGR of 11.8% through 2032 in the software section of the component category.
The CAGR for the banking, financial services, & insurance segment of the vertical method category in the virtual private cloud market is anticipated to be 11.5% through 2032.
In the United States, the virtual private cloud market is estimated to reach USD 5.3 billion by 2032, rising at a CAGR of 12.5% throughout the forecast period.

By 2032, the virtual private cloud market in the United Kingdom is expected to be valued at USD 5.3 billion, with a CAGR of 11.8% through 2032.
With a CAGR of 12.1% throughout the forecast period, China is expected to reach a market size of USD 9.2 billion in the virtual private cloud market by 2032.
By 2032, the virtual private cloud market in Japan is estimated to be worth USD 7.5 billion, growing at an annual rate of 11.0% through 2032.
With a CAGR of 10.3% throughout the forecast period, South Korea is predicted to reach a market size of USD 4.6 billion in the virtual private cloud market by 2032.

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Competitive Landscape:

There have been major gains in the global virtual private cloud market over the past five years in North America. The growing demand for VPCs in this region is due to the growing number of large enterprises involved across different industry verticals. Latin America is expected to grow at an impressive rate during the forecast period, recording the highest CAGR.

Due to their improved operational efficiency and security features, VPCs are in high demand from both small and large enterprises across a wide variety of industries, such as banking & finance, telecommunications, manufacturing, healthcare, etc. Europe holds the second-largest market share due to the demand from both small and large enterprises.

Leading Key Players:

Google
Microsoft
Alibaba
AWS
OVH
Huawei
Rackspace
CenturyLink
DXC
Atos

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Virtual Private Cloud Market Segmentation:

By Component:

Software
Services

By Organisation Size:

Small and Medium-Sized Enterprises
Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance
IT and Telecom
Government and Defence
Healthcare
Media and Entertainment
Retail
Manufacturing
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Global Breast Reconstruction Surgery and Treatment Market Set to Reach USD 1.61 Billion by 2033

The global breast reconstruction surgery and treatment market is poised for substantial growth, projected to reach USD 1.61 billion by 2033, up from USD 901.3 million in 2023. This represents a restored compound annual growth rate (CAGR) of 5.9% from 2023 to 2033, according to recent market projections.

Historically, the market recorded a steady CAGR of 4.6%, reaching USD 853.9 million in 2022. Factors driving this growth include a rise in breast cancer cases, an increasing number of breast reconstruction procedures, and growing demand for acellular dermal matrix (ADM) products.

Recent advancements in breast reconstruction techniques have significantly enhanced outcomes, improving implant positioning accuracy, reducing recovery times, and minimizing patient discomfort. These advancements are pivotal in shaping the positive trajectory of the breast reconstruction surgery and treatment market.

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The high prevalence of breast cancer creates greater demand for breast reconstruction surgery and treatment market as, often, after a mastectomy, many women opt for breast reconstruction surgery. While some women avoid getting breast reconstruction surgery due to either a lack of awareness or other health issues, the number of women who do have the surgery is rising. Thus, growing cases of breast cancer and the rising number of breast reconstruction surgery will bolster the growth of the breast reconstruction surgery and treatment market. Further, the emergence of 3D-printed prosthetics and implants as well as surging research and development efforts in the field will augur well for the development of the breast reconstruction surgery and treatment market.

Key Takeaways:

Availability of alternatives like non-surgical methods and a general lack of awareness regarding the treatment options may limit the growth of the breast reconstruction surgery and treatment market.
By product, the tissue expanders segment will account for 64.5% of the market share during 2023 and 2033.
Based on procedures, the immediate procedure category will dominate the market with a revenue share of 30.1%.
The US breast reconstruction surgery and treatment market will likely hold a market share of 32.0% in 2023 owing to the increasing number of breast augmentation operations.
China’s breast reconstruction surgery and treatment market will record a CAGR of 3.3% due to the high incidence of breast cancer and a rise in the awareness of treatment options.

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Competitive Landscape:

GC Aesthetics, Establishment Labs S.A., Mentor Worldwide LLC (Johnson & Johnson), Allergan Aesthetics (An AbbVie Company), and Sientra, among others, are some of the key players in the breast reconstruction surgery and treatment market profiled in the full version of the report.

Leading market players are focusing on the geographical expansion of business and the launch of new products. These enterprises also employ strategic partnerships, collaborations, mergers, and acquisitions to enhance their market footprints.

Key Segments Covered in Breast Reconstruction Surgery and Treatment Industry Research:

Product:

Breast Implants
- Silicone Implants
- Saline Implants
Tissue Expanders
Acellular Dermal Matrix

Procedure:

Immediate
Delayed
Revision

Surgery:

Unilateral
Bilateral

End-User:

Hospitals
Cosmetology Clinics and Ambulatory Surgical Centers

Region:

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

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Global Proposal Management Software Market to be Worth USD 6.7 Billion by 2032: Future Market Insights, Inc.

The global proposal management software market is expected to reach USD 2.3 Billion in 2022 and USD 6.7 Billion by 2032. The market is rising at a CAGR of 11.1% during the same period, according to Future Market Insights. The market’s expansion can be ascribed to the rising demand for business process automation and the fast digitization of organizations.

Also, the integration of modern technologies such as; AI-based tools is expected to offer remunerative opportunities to the market in the coming time.

In addition, the launch of new products in the market is likely to propel the market expansion in the forecast period. In August 2021, Frequency, a renowned advertising sales automation player and workflow software provider, disclosed the launch of SmartProposals.

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A first-of-its-kind technology, SmartProposals applies real-time deal-close and campaign performance data to offer and augment local-market media campaign proposals. It analyzes millions of data points from a significant number of media campaigns to provide abled campaign proposals that strengthen media sellers to produce augmented revenue. Owing to such initiatives, the market is likely to flourish significantly in the forecast period.

Key Takeaways from the Proposal Management Software Market report:

The software segment to expand at a CAGR of 10.9% by 2032
The on-premises segment to exhibit a CAGR of 10.1% during the forecast period
Market in the U.S to secure a value of US$ 2.3 Billion by 2032
Chinese market to expand at a CAGR of 10.4% during the forecast period
South Korea to record a CAGR of 8.8% by 2032
Market in the U.K. to exhibit a growth rate of 10.1% in the assessment tenure

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Competitive Analysis:

Key players in the global proposal management software market are Microsoft, WeSuite, Icertis, Deltek, and GetAccept.

In August 2021, Deltek, an eminent provider of software and solutions for project-based solutions, disclosed that it had secured ArchiSnapper. The initiative would assist architects and engineers to make their business more efficient with better tool management services.
In March 2022, Deltek, a renowned provider of software and solutions for project-based businesses, and Qarbon Aerospace disclosed the accomplishment of enterprise-wide business systems transformation from Qarbon Aerospace’s legacy solution SAP to Deltek Costpoint.

More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global proposal management software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on component (software and services), deployment (on-premises and cloud), enterprise size (large enterprises and small and medium-sized enterprises), and vertical (government, retail and e-commerce, healthcare and life sciences, BFSI, transportation and logistics, manufacturing, telecom & IT and other verticals) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

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Proposal Management Software Market Segmentation:

By Component:

Proposal Management Software
Proposal Management Services

By Deployment:

On-Premises
Cloud-based

By Enterprise Size:

Large Enterprises
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Asia Pacific Waterproofing Chemicals Market: Projected to Reach USD 1,223.1 Million by 2033, with a CAGR of 9.6% | FMI Reports

The Asia Pacific waterproofing chemicals market has experienced significant growth, reaching a size of USD 363.1 million in 2018. Projections indicate that by the end of 2033, the market is expected to exceed USD 1,223.1 million, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 9.6% during the evaluation period from 2023 to 2033. By 2023, the market is anticipated to surpass a valuation of approximately USD 491.1 million.

Several factors have contributed to the surge in demand for waterproofing chemicals in the Asia Pacific region. The rapid pace of urbanization and industrialization observed across various countries has been a significant driver. As these nations undergo substantial infrastructural development, there is an increased imperative to protect buildings, bridges, and other structures from the detrimental effects of water infiltration. Waterproofing chemicals play a pivotal role in ensuring the durability of constructions and reducing long-term maintenance costs.

Moreover, the escalating frequency of extreme weather events such as heavy rainfall and typhoons has intensified the demand for waterproofing solutions in the Asia Pacific. With climate change leading to unpredictable weather patterns, there is a heightened risk of water damage to buildings and infrastructure. Consequently, governments, construction firms, and property owners are increasingly recognizing the importance of integrating robust waterproofing systems into their projects to mitigate potential risks and avoid costly repairs.

Additionally, the booming construction sector in several Asia Pacific countries, including China, India, and Indonesia, has significantly contributed to the increased demand for waterproofing chemicals. These nations have witnessed a surge in residential and commercial projects, further driving the need for effective waterproofing solutions to ensure the longevity and structural integrity of buildings and infrastructure.

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Market Dynamics

Growing Investments in the Construction Sector

The construction sector in emerging countries like Thailand and Vietnam is experiencing a significant upsurge in investment, thereby driving the demand for waterproofing chemicals. This growth is attributed to robust economic expansion, rapid urbanization, and population growth, which collectively contribute to a surge in infrastructure projects and building construction activities.
The influx of investments, both from government initiatives and private investors, underscores the increasing emphasis on incorporating high-quality waterproofing solutions in construction projects. Such solutions play a crucial role in enhancing the longevity and performance of these investments, ensuring durability and structural integrity over time.
This heightened focus on utilizing effective waterproofing solutions has led to a surge in demand for waterproofing chemicals and specialized solutions tailored to meet the specific requirements of diverse construction projects. Noteworthy infrastructure developments, such as the Lotte Eco Smart City, Van Thien-Ben En Road, and the Mentarang River Hydroelectric Power Plant, along with residential building projects, are expected to further drive demand for waterproofing solutions in the region.

Research and Development Activities to Create Innovative Products

With the rapid pace of urbanization, infrastructure development, and increasing awareness of the importance of waterproofing, manufacturers and researchers are actively engaged in developing advanced solutions. A key focus area for innovation lies in the development of advanced polymer-based waterproofing materials.
Leveraging cutting-edge polymer technologies, manufacturers are producing waterproofing chemicals that exhibit exceptional water resistance, flexibility, and durability. These technological advancements have paved the way for the introduction of innovative application methods and systems.
Among these advancements are advanced application techniques such as spray-applied membranes, pre-applied membranes, and self-adhesive membranes. These methods offer faster and more efficient installation processes, ensuring the provision of reliable and long-lasting waterproofing solutions.
Continued advancements in this field are expected to yield superior performance, sustainability, and customized solutions tailored to meet the evolving needs of the region’s burgeoning construction sector. Concurrently, these advancements are likely to drive demand for durable and effective waterproofing solutions, further fueling innovation in the industry.

Flourishing Nanotechnology Space to Open Up New Growth Avenues

Asia Pacific waterproofing chemicals market has experienced a significant transformation with the advent of nanotechnology. Increasing investments and research & development efforts in nanotechnology have led to the discovery of numerous nanotechnology-based chemicals. This is expected to present lucrative growth opportunities for market participants.
One notable example is the development of ceramic coatings for waterproofing. These coatings form a water- and oil-repellent surface layer that effectively repels water, oil, dirt, and dry particles. Superhydrophobic coatings, inspired by naturally occurring hydrophobic surfaces such as lotus leaves and insect wings, are particularly useful for dry surface applications.
Eco-friendly nano-coatings provide long-term waterproofing capabilities. They also offer additional benefits such as anti-corrosion, anti-icing, resistance from UV rays, high-temperature resistance, and resistance to chemical combinations.
New coatings possess self-cleaning properties when exposed to rain, and can be applied on various surfaces. Advancements in nanotechnology-based waterproofing chemicals might open up numerous possibilities for achieving sustainable waterproofing solutions in diverse applications.

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Top Key Players

BASF SE
Mapei S.p.A.
Wacker Chemie AG
Akzo Nobel N.V.
Evonik Industries
Sika AG
H.B. Fuller
Pidilite Industries Limited
Jiahua Chemicals Inc.
RPM International Inc.
CLPI (Thailand) Co., Ltd.
Clevcon (Thailand) Co., Ltd.
Kuraray

Market Segmentations

By Technology Type:

Membrane Type
Coatings
Injection Grouting
Integral System

By Sales Channel:

Direct Sales
Retail Stores
Distributors and Wholesalers
Online
DIY

By End User:

Commercial Sector
Residential Sector
Infrastructure Sector
Industrial Sector
Others

By Country:

Thailand
Vietnam
Malaysia
Indonesia
Guatemala

About Future Market Insights (FMI)

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

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Ethylamine Market Projection: Anticipates USD 3,424.2 Million by 2033, with a CAGR of 4.6% | FMI Reports

Future Market Insights projects the ethylamine market to reach a valuation of USD 2,183.9 million in 2023, with an anticipated Compound Annual Growth Rate (CAGR) of 4.6% from 2023 to 2033. The increasing demand for resins and adhesives is expected to be a primary driver of the growing need for ethylamine in the coming years.

Ethylamine, also known as ethanamine, is a chemical compound with the molecular formula CH3CH2NH2, primarily existing as a gas in the atmosphere. It has diverse applications across various industries, serving as a catalyst in plastics manufacturing for producing polyurethane foam and dyes. Additionally, it is used in ceramics, rubber, aviation, and textiles, performing functions such as corrosion inhibition, fuel tanning, and acting as a deflocculating agent.

The projected growth in the use of resins, adhesives, and paper products is expected to further drive the demand for ethylamine. Moreover, advancements in manufacturing technologies are likely to contribute to the industry’s growth, fostering the expansion of the ethylamine market.

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Market Dynamics
Ethylamine as a raw ingredient in agrochemicals is bolstering the demand across the world

Agrochemical Sector Boost: Ethylamine is witnessing increased demand from the agrochemicals sector, primarily due to its significance as a raw material in herbicide production. Over the past decade, farmers worldwide have increasingly relied on pesticides to enhance crop yields, leading to a surge in herbicide demand in recent years.
Technological Advancements in Agriculture: Introduction of new technologies in the agricultural industry has further fueled the demand for agricultural products. This uptrend has consequently led to a greater usage of ethylamine to enhance agricultural output.
Growing Concerns for Food Safety and Quality: Consumer and health organizations globally are expressing concerns regarding food safety and quality. With modern lifestyles and commercial globalization, there’s a heightened demand for higher-quality food products. Ethylamine, especially of high-grade quality, plays a role in accelerating the improvement of food quality.
Rising Food Demand: The global demand for food is on a significant upward trajectory, projected to increase by 58% to 98% by 2050. This surge in demand is expected to further drive the expansion of the ethylamine business as it continues to be utilized in various processes aimed at enhancing agricultural productivity and food quality.

Hazardous nature and volatile prices of ethylamine may hamper the market growth

Toxicity Concerns: Ethylamine faces challenges related to its toxicity, which may limit market expansion. Health issues, particularly asthmatic conditions stemming from exposure during the production process, pose significant concerns that could impede market growth.
Cost of Raw Materials: The basic ingredients required for ethylamine production are considered prohibitively expensive. This cost factor presents a significant hurdle to the commercialization and widespread adoption of ethylamine in various industries.
Safety Precautions in Manufacturing: Ethylamine’s propensity for exothermic reactions when exposed to other chemicals necessitates careful handling and manufacturing processes. Any oversight in safety protocols during production can pose risks, further complicating market growth prospects.
Overall Market Threats: Collectively, these challenges, including toxicity hazards, cost constraints, and safety considerations in manufacturing, pose significant threats to the growth of the ethylamine market. Addressing these issues effectively is crucial for overcoming barriers to market expansion.

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Top Key Players

Arabian Amines Company;
BASF SE; Delamines BV;
Diamines and Chemicals Ltd.;
Dow;
Fisher Chemical;
Huntsman International LLC;
Nouryon;
Oriental Union Chemical Corporation;
Sadara Chemical Company;
Saudi Basic Industries Corporation (SABIC);
Tosoh Corporation

Key Segmentations

By Thickeners:

Ethylenediamines (EDA)
Diethylenetriamines (DETA)
Triethylenetetramines (TETA)
Tetraethylenepentamines (TEPA)

By End Use Industry:

Personal Care
Pulp and Paper
Adhesives, Paints, and Resins
Agro Chemicals
Automotive
Pharmaceuticals
Oil and Gas
Other End Use Industries

By Region:

North America
Latin America
Western Europe
Easter Europe
South Asia and Pacific
East Asia
Central Asia
Russia & Belarus
Balkan & Baltic Countries
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: