Intrathecal Pumps Market is anticipated to grow steadily at a 5.2% CAGR and reach USD383.5 Million by 2032 | FMI

Intrathecal Pumps Market
Intrathecal Pumps Market

The Intrathecal Pumps Market, which delivers medication directly to the spinal cord for chronic pain management, is poised for steady growth. In 2022, the market was valued at around US$231.5 million, and forecasts predict a Compound Annual Growth Rate (CAGR) of 5.2% over the next decade. This translates to a projected market value of approximately US$383.5 million by the end of 2032.

Moreover, the prevalence of chronic pain is increasing globally, which is a major driver of the intrathecal pump market. According to data published by Boston University’s School of Public Health, there are an estimated 1.5 billion cases of chronic pain worldwide, with the incidence of this condition increasing with age. Furthermore, statistics provided by the Centers for Disease Control and Prevention reveal that approximately 50 million Americans suffer from chronic pain, with 20 million experiencing high-impact chronic pain. These numbers are steadily rising, thereby contributing to the growth of the intrathecal pumps market.

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The United States will hold the largest share of the market throughout the Analysis Period

From 2022 to 2032, the Intrathecal Pumps Market is estimated to develop at a CAGR of 5.2% in the United States. The CAGR for the growth of the intrathecal pump market from 2017 to 2021 was 3.5%. According to research by the American Cancer Society, in 2021, over 24 thousand people in the United States experienced a malignant tumor of the brain or spinal cord.

There are now significantly more cancer patients, according to a report recently published by the WHO’s International Agency for Research on Cancer. There are around 14.1 Million cancer patients, according to estimates. Additionally, it was determined that 8.2 Million individuals will lose their lives to cancer each year. The market for intrathecal pumps is expected to rise in the future due to the increase in cancer cases.

Intrathecal Pumps Market: Competition Insights

Some of the key companies operating in the Intrathecal Pumps Market include Medtronic, Smiths Medical, Flowonix Medical Inc., tricumed Medizintechnik GmbH, Teleflex Incorporated, Johnson and Johnson Services, Inc., Durect Corporation, Medallion Therapeutics, Inc., Abbott, Baxter International Inc., Codman & Shurtleff, Inc., DePay Synthes, Summit Medical Group, B Braun Melsungen AG, Becton, Dickinson & Company and Fresenius Medical Care AG & Co. KGaA., and Zimmer Biomet.

Some of the recent developments by key providers of the Intrathecal Pumps Market are as follows:

  • In January 2021, a US$ 33 Million award was given to Flowonix Medical, a U.S.-based medical device business that specializes in implanted medication delivery systems. A US$ 10 Million debt facility was given as part of the deal by SWK Holdings (SWKH), a specialized finance firm that works with small- and mid-sized commercial-stage life-science enterprises.
  • In October 2020, to reinforce safety advice regarding proper cleaning procedures for the pumps, Baxter International Inc. issued an urgent device correction for all of its spectrum infusion pumps. The failure to follow the prescribed cleaning procedures reduced the efficiency and effectiveness of the pumps.
  • In February 2020, a 40 ml pump for intrathecal drug delivery was introduced by Flowonix Medical. It uses a pressure-driven, valve-gated delivery mechanism and has a battery life of more than 10 years, reducing the need for additional surgical procedures.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the intrathecal pumps market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by Type (Baclofen, Bupivacaine, Clonidine, Morphine, Ziconotide, and Other Types), By Application (Spasticity and Pain), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Covered in Intrathecal Pumps Market Survey

By Type:

  • Baclofen
  • Bupivacaine
  • Clonidine
  • Morphine
  • Ziconotide
  • Other Types

By Application:

  • Spasticity
  • Pain

By Region:

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

About Future Market Insights (FMI)

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

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Global Molded Pulp Packaging Machines Market to Reach US$ 833.4 Million by 2033, Fueled by Sustainability Trends

Molded Pulp Packaging Machines Market

The global molded pulp packaging machines market is poised to achieve a valuation of US$ 590.8 million in 2023 and is projected to grow at a steady CAGR of 3.5% to reach US$ 833.4 million by 2033. According to Future Market Insights (FMI), the trays segment is expected to dominate the market, driven by high demand for packaging fragile products. This segment alone is anticipated to create an incremental opportunity of nearly US$ 126 million from 2023 to 2033.

Core Concepts in the Molded Pulp Packaging Machines Industry

  • Growth Rate until 2033: The market is projected to expand at a 3.5% compound annual growth rate (CAGR) through 2033.
  • Market Size in 2023: The market is estimated to be valued at US$ 590.8 million in 2023.
  • Historical Growth: In 2022, the market was valued at US$ 570.8 million.
  • Substantial Market Share Region: North America is expected to hold a significant market share of 19.7% from 2023 to 2033.
  • Most Popular Application: The food & beverage industries are the most popular among users, contributing to 40.6% of the market share.

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Key Growth Drivers

  1. Rising Demand for Sustainable Packaging: There is a growing preference for green packaging solutions as alternatives to single-use plastics. Molded pulp, derived from recycled paperboard or newspaper, aligns with sustainability goals, reducing environmental impact and meeting regulatory standards.
  2. Expansion in Food & Beverage Industry: The food and beverage sector, in particular, is witnessing robust demand for molded pulp packaging due to its ability to preserve product freshness and meet hygiene standards. This sector’s reliance on sustainable packaging solutions is propelling market growth.

Market Trends

  1. Increased Production Capacity: Manufacturers are scaling up production of molded pulp packaging machines to meet the escalating demand driven by sustainability trends. This expansion is expected to create substantial growth opportunities throughout the forecast period.
  2. Technological Advancements: Ongoing advancements in molded pulp production technologies are enhancing the efficiency and versatility of packaging solutions. Innovations in machine capabilities are catering to diverse application needs across various end-use industries.

Growth Factors

Molded pulp packaging has gained widespread acceptance owing to its myriad advantages, including exceptional vibration dampening and cushioning properties, versatility in application, and more. Products crafted from molded pulp, such as trays, clamshells, bowls, cups, among others, represent a cost-effective packaging solution.

Notably, molded pulp packaging not only boasts a low disposal cost but also offers a straightforward and efficient packaging process. Furthermore, an escalating preference for eco-friendly packaging practices, in line with the growing environmental concerns, has driven a surge in demand for molded pulp packaging. As a result, manufacturers are scaling up the production of molded pulp packaging machines, witnessing a noticeable boost in sales.

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Market Players:

  • Huhtamaki Oyj
  • TRIDAS
  • Eurasia United Equipment Group Co., Ltd (EAMC)
  • Brødrene Hartmann A/S
  • Beston Group Co. Ltd.
  • inmaco
  • PulPac
  • BeSure Technology Co., Ltd.
  • HGHY PULP MOLDING PACK CO., LTD
  • Southern Pulp Machinery (Pty) Ltd
  • ZH MOULDED PULP CO., LTD.
  • Taiwan Pulp Molding Co., Ltd
  • Parason

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Segments Covered:

By Machine Type:

  • Automatic
  • Semi-automatic
  • Manual

By Application:

  • Trays
  • Cups
  • Clamshells
  • Boxes
  • Plates
  • Carriers

By End-use Industry:

  • Food & Beverage
  • Healthcare
  • Electrical & Electronics
  • Automotive
  • Personal Care & Cosmetics
  • Consumer Durables

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • The Middle East & Africa
  • Oceania

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:       

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T: +1-845-579-5705
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Global Kraft Packaging Market Set to Reach US$ 65.2 Billion by 2033, Driven by Sustainable Packaging Trends

Kraft Packaging Market
Kraft Packaging Market

The global kraft packaging market is projected to achieve a valuation of US$ 38.9 billion in 2023, with Future Market Insights (FMI) forecasting a robust compound annual growth rate (CAGR) of 5.4% through 2033, culminating in a market size of US$ 65.2 billion.

Core Concepts in the Kraft Packaging Industry

  • Market Size by 2033: The kraft packaging market is estimated to reach US$ 65.2 billion by 2033.
  • Dominant Region: North America currently dominates the global kraft packaging market.
  • Growth Opportunity: E-commerce growth is a significant driver for kraft packaging due to its durability and suitability for shipping goods.
  • Top Trend: Advancements in manufacturing techniques, including eco-friendly practices and innovative designs, are key trends in the kraft packaging market.
  • Sales Driver: Sustainable practices and increasing consumer demand for environmentally friendly packaging solutions are driving growth in the kraft packaging market.

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Market Dynamics

Kraft paper, renowned for its durability and sustainability, serves as a versatile packaging material suitable for various shapes and sizes. It is widely adopted in industries such as food and beverages, electronics, pharmaceuticals, and construction due to its biodegradable nature and ease of use. The rising demand for lightweight, reusable, environmentally friendly, and cost-effective packaging solutions is expected to propel market growth significantly.

Key Growth Drivers

  1. E-commerce Expansion: The surge in online retailing is driving demand for efficient and eco-friendly packaging solutions. Kraft packaging, being lighter and more sustainable than traditional plastic, reduces shipping costs and aligns with environmental regulations, making it a preferred choice for e-commerce businesses.
  2. Food Packaging Applications: With increasing consumer preference for ready-to-eat meals and fast-food consumption, the demand for safe and chemical-free packaging options like kraft paper is escalating. Kraft packaging preserves food quality, ensuring no alteration in taste or contamination from harmful chemicals.
  3. Customization and Innovation: Manufacturers are focusing on offering customized kraft packaging solutions to cater to specific industry needs and consumer preferences. This trend enhances product appeal and supports brand differentiation in competitive markets.

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Market Drivers

  1. Sustainability and Eco-Friendly Packaging:  Increasing global awareness of environmental issues and the shift toward eco-friendly packaging solutions are significant drivers for the Kraft Packaging market. Kraft paper is a biodegradable and recyclable material, aligning with the growing demand for sustainable packaging options.
  2. Government Regulations:  Stringent government regulations and initiatives promoting sustainable and recyclable packaging materials encourage the adoption of Kraft Packaging solutions. These regulations aim to reduce plastic waste and environmental impact.
  3. Consumer Preference:  Consumers are increasingly favoring eco-friendly and sustainable packaging. The demand for products with minimal environmental impact is driving brands to choose Kraft Packaging, catering to consumer preferences.
  4. Cost-Effective Packaging:  Kraft Packaging is cost-effective compared to some alternative materials. This cost-efficiency attracts businesses looking to reduce packaging expenses while maintaining quality and sustainability.
  5. Brand Image and Marketing:  Kraft Packaging can enhance a brand’s image and contribute to a rustic, environmentally conscious, and authentic image. This can be used as a marketing tool to connect with environmentally conscious consumers.
  6. Versatility:  Kraft Packaging’s adaptability and versatility make it suitable for various industries, from food and beverages to retail, which drives its adoption in diverse sectors.
  7. Customization and Branding:  The ability to print, customize, and brand Kraft Packaging is a significant driver. This feature allows companies to create unique and attractive packaging that aligns with their branding and marketing strategies.
  8. Growth of E-Commerce:  The expansion of e-commerce has increased the demand for efficient and sustainable packaging. Kraft Packaging is a favored choice for e-commerce companies looking to balance cost, sustainability, and protection during shipping.

Key Players

  • Amcor plc
  • DS Smith
  • Packaging Boxes Pro
  • Sappi Limited
  • International Paper Inc.
  • Fshiny Packaging Manufacturer
  • Canadian Kraft Paper Ltd.
  • Foshan DXC Packaging Co., Ltd.
  • WestRock Company
  • Stora Enso Oyj
  • Smurfit Kappa Group plc
  • Nippon Paper Group
  • Mondi Group Plc.
  • Ahlstrom-Munksjö Oyj
  • BillerudKorsnäs AB

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Key Segments

By Product Type

  • Bleached Kraft Paper
  • Unbleached Kraft Paper

By Packaging Type

  • Boxes
  • Bags
  • Pouches
  • Cartons
  • Clamshell
  • Wraps
  • Sacks
  • Others

By End Use

  • Foods & Beverages
  • Pharmaceuticals
  • Building and Construction
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • E-Commerce
  • Automotive
  • Textile
  • Agriculture

By Region

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

About Future Market Insights (FMI)

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

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Medical Terahertz Technology Market to Boom at 17.1% CAGR, Reaching USD768.05 Billion by 2032 | FMI Study

Medical Terahertz Technology Market
Medical Terahertz Technology Market

The medical field is about to get a terahertz boost! According to a recent study by Future Market Insights (FMI), the Medical Terahertz Technology Market is predicted to experience explosive growth. This market, valued at US$135.29 billion in 2022, is expected to surge at an impressive Compound Annual Growth Rate (CAGR) of 17.1%, reaching a staggering US$768.05 million by 2032. This significant rise highlights the immense potential of terahertz technology in revolutionizing medical diagnosis and treatment.

Because of its applications in biology and medicine, medical imaging, spectroscopy of materials, sensing, security, monitoring, and spectroscopy, as well as applications in sensing, security, monitoring, and spectroscopy, terahertz technology is driving market growth within the pharmaceutical industry.

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Furthermore, due to its high power and picosecond pulse time structure, the Terahertz free-electron laser (FEL) is a powerful and adaptable source of coherent radiation for THz pulsed imaging, enabling market growth.

” In the pharmaceutical industry, terahertz technology is a fast-growing field that is driving market growth due to its applications in biology and medicine, medical imaging, material spectroscopy, and sensing, security, monitoring, and spectroscopy, as well as applications in sensing, security, monitoring, and spectroscopy. This will create ample growth opportunities for the market,” says a lead analyst at FMI

Key Takeaways from the Medical Terahertz Technology Market

  • The global terahertz imaging market is expected to generate US$ 273.77 million by 2032, growing at a CAGR of 23.1%.
  • North America is expected to retain the largest market share and grow at a fast-paced CAGR of 21.6%.
  • By 2032, Europe could contribute US$ 290.88 Mn to the medical terahertz technologies market.
  • The Asia Pacific region is expected to experience the fastest market growth, as China plans to modernize its economic infrastructure and expand the number of industries.

Competition Landscape in the Medical Terahertz Technology Market

  • The global terahertz imaging market is expected to generate US$ 273.77 million by 2032, growing at a CAGR of 23.1%.
  • North America is expected to retain the largest market share and grow at a fast-paced CAGR of 21.6%.
  • By 2032, Europe could contribute US$ 290.88 Mn to the medical terahertz technologies market.
  • The Asia Pacific region is expected to experience the fastest market growth, as China plans to modernize its economic infrastructure and expand the number of industries.

Acal Bfi Limited, Advantest Corporation, Teraview Limited, Luna Innovations Inc., Insight Product Company, and Toptica Photonics AG are some of the key players operating the global medical terahertz technology market.

Recent Developments in the Medical Terahertz Technology Market

  • In April 2022, Advantest Corporation released Euclid, a 3D image viewer for its photoacoustic microscopes. Tomographic images are easily generated, and 3D images are automatically displayed by superimposing data from a Hadatomo tool on skin melanin, vascular network, and skin structure. This product is used in dermatological research for both cosmetic and medical purposes.
  • TeraSense announced in April 2022 the release of its IMPATT-based generator, a powerful wave source with an output power ranging from 0.08 watts to 1.8 watts.
  • In February 2022, researchers at the Korea Institute of Science and Technology (KIST) investigated the use of label-free THz metamaterials for rapid and accurate discrimination of COVID-19 virus variants. Label-free THz metamaterials are used to detect COVID-19 virus protein units in this type of virus detection known as biomarker detecting technology.
  • In October 2021, Menlo Systems opened a branch in China, Shanghai Menlo Systems Quantum Laser Technology Co., Ltd. As a result, the company will be able to strengthen its position in China’s thriving photonics market. Menlo Systems offers a variety of ultra-stable lasers, terahertz systems, and femtosecond lasers.

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Medical Terahertz Technology Market by Category

By Type,

  • Terahertz Imaging
  • Terahertz Spectroscopy

By Application,

  • Dentistry
  • Oncology
  • Dermatology
  • Tomography
  • Biochemistry
  • Other

Author By:

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 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.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Period Panties Market: Advancing at a 12.9% CAGR by 2033 | Report By FMI

Projected to hit a valuation of US$ 145.6 million by 2023, the period panties market is poised for substantial growth, with forecasts indicating a surge to US$ 489.19 million by 2033. The adoption of period panties is anticipated to witness significant advancement, boasting a robust Compound Annual Growth Rate (CAGR) of 12.9% throughout the forecast period. These projections underscore the increasing popularity and acceptance of period panties among consumers, driven by factors such as comfort, convenience, and environmental sustainability. As awareness grows and product innovations continue, the period panties market is expected to carve out a significant presence in the intimate apparel industry.

The market for period panties is expanding rapidly as consumers become more aware of the benefits they offer and as more and more companies enter this growing space. This trend is projected to continue as period underwear companies continue to innovate and offer additional options to meet the needs of a diverse range of consumers. A few other important considerations fueling market growth are:

Growing recognition that period panties are a cost-effective and less messy solution compared to traditional sanitary pads or tampons. The increasing availability of a range of styles, sizes, and features to meet the needs of different consumers.

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Growth Factors:

  1. Rising Awareness and Acceptance: As societal attitudes toward menstrual health evolve, there’s a growing awareness and acceptance of period panties as a viable alternative to traditional menstrual products. This shift creates an opportunity for increased adoption among consumers seeking sustainable and comfortable options.
  2. Innovations in Design and Materials: Continuous innovation in product design and materials presents a significant growth factor for the period panties market. Manufacturers can capitalize on consumer demand for features like moisture-wicking fabrics, anti-microbial properties, and expanded size ranges to cater to diverse needs and preferences.
  3. Emphasis on Sustainability: With increasing concern for environmental sustainability, there’s a growing demand for eco-friendly period products. This trend drives the development of sustainable period panties made from biodegradable materials and featuring reusable designs, appealing to environmentally conscious consumers.
  4. Expanding Target Audience: Marketing efforts targeting diverse demographics, including the LGBTQ+ community, can broaden the market reach of period panties. Emphasizing inclusivity and convenience can attract new segments of consumers who prioritize comfort and functionality in their menstrual care products.
  5. Integration of Technology: The incorporation of technology, such as smart sensors to track menstrual cycles or monitor moisture levels, presents an avenue for innovation within the period panties market. These technological advancements enhance the utility and appeal of period panties, offering added convenience and customization for users.

Key Takeaways from the Period Panties Market:

  • According to FMI research, the United States currently holds a significant market share, accounting for almost 18.50% of the global market in 2022.
  • With a 6.40% market share in 2022, Germany has emerged as a prominent participant in the Period Panties market.
  • In 2023, Japan’s period panties sector is predicted to have a market share of roughly 4.80%.
  • The reusable period panties segment is expected to dominate the Period Panties industry with a market share of around 67.90% in 2022.
  • The brief style segment is expected to dominate the Period Panties market, capturing a market share of nearly 27.60% in 2022.

How Key Players are Revolutionizing the Manufacturing of Period Panties?

The period panties industry has a very competitive environment due to the large number of companies that operate globally.

Some of the top players in the market 

  • Knixwear
  • Luna Pads International
  • Modibodi
  • Flux
  • Anigan
  • Clovia
  • Thinx
  • Yashram Lifestyle
  • Fannypants LLC
  • Pantyprop
  • Harebrained
  • Period Panteez
  • WUKA

The period panties market is a rapidly growing and evolving sector within the women’s hygiene industry. Among the key players in this market is Thinx, a well-established brand that offers a range of period underwear aimed at providing a more comfortable and environmentally friendly alternative to traditional menstrual products.

Knixwear is also a popular player which also offers a variety of period underwear, including models designed for different flow levels and activity levels. In this competitive landscape, brands are striving to differentiate themselves through factors such as design, functionality, and sustainability, which will likely continue to drive growth and innovation in the period panties market in the years to come.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global period panties market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the period panties market, the market is segmented on the basis of product type (reusable and disposable), style (boy short, briefs, bikini, hipsters, and others), size (small, medium, and large) and sales channel (online and offline) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Market Segmentation

By Product Type:

  • Reusable
  • Disposable

By Style:

  • Boy Short
  • Bikini
  • Brief
  • Hipsters
  • Others

By Size:

  • Small
  • Medium
  • Large

By Sales Channel:

  • Online
  • E-commerce Owned Portal
  • Company Owned Portal
  • Offline
  • Exclusive Stores
  • Multi-Brand Stores

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Inflammatory Bowel Disease Treatment Market Is Expected to Reach an Amazing US$ 35.1 Billion by 2032 | FMI Analysis

Inflammatory Bowel Disease Treatment Market
Inflammatory Bowel Disease Treatment Market

The fight against Inflammatory Bowel Disease Treatment Market is gaining ground with a growing market for effective treatments. This market, valued at an estimated US$19.3 billion in 2021, is expected to balloon to a staggering US$35.1 billion by 2032. This translates to a healthy Compound Annual Growth Rate (CAGR) of 5.7% between 2022 and 2032. This significant rise can be attributed to a global increase in spending on IBD treatments, highlighting the growing focus on managing this chronic digestive condition.

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on the Inflammatory Bowel Disease Treatment market.

FMI offers insights into the market data on over 5000+ drugs from more than 100 countries, which further aids the research on current and upcoming market scenarios for the Inflammatory Bowel Disease Treatment market. Our expert researchers and analysts for healthcare track the data of established players as well as new entrants in the medical industry to provide an unbiased analysis for a sound and financial decision.

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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Inflammatory Bowel Disease Treatment market. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Inflammatory Bowel Disease Treatment market.

With our extensive research and information about the past, current and future market scenario, the Inflammatory Bowel Disease Treatment market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Inflammatory Bowel Disease Treatment Market: Segmentation

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Detailed analysis of the geographical region and country-wise insights are offered in the latest Inflammatory Bowel Disease Treatment market report with established market players as well as incumbents in the region.

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Key Segments Covered in Inflammatory Bowel Disease Treatment Market Survey

by Type:

  • Crohn’s Disease
  • Ulcerative Colitis

by Drug Case:

  • Amino salicylates
  • Corticosteroids
  • TNF inhibitors
  • IL inhibitors
  • Anti-integrin
  • JAK inhibitors
  • Other Drug Classes

by Route of Administration:

  • Oral
  • Injectable

by Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Inflammatory Bowel Disease Treatment Market Players

The key companies operating in the Inflammatory Bowel Disease Treatment Market are AbbVie Inc., Biogen, Johnson & Johnson Services, Inc., Amgen Inc., UCB S.A., Novartis AG, Takeda Pharmaceutical Company Limited, Merck & Co., Inc., Pfizer Inc., and Eli Lilly.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Inflammatory Bowel Disease Treatment market.

Author By:

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 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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Helicobacter Pylori Non-Invasive Testing Market is expected to reach USD1 Billion by 2033 at a compound annual growth rate of 4.4% | FMI

Helicobacter Pylori Non-Invasive Testing Market
Helicobacter Pylori Non-Invasive Testing Market

The way we test for Helicobacter pylori (H. pylori), a common bacteria that can cause stomach ulcers, is undergoing a transformation! The Helicobacter Pylori Non-Invasive Testing Market is poised for steady growth, reaching an estimated USD1 billion by 2033. This signifies a rise from a current market value of USD650.50 million in 2023, with a moderate Compound Annual Growth Rate (CAGR) of 4.4%. This surge in non-invasive testing reflects a growing preference for convenient and painless methods to diagnose H. pylori infections.

The increasing prevalence of Helicobacter pylori bacterial infection, increased governmental awareness about infection for accurate diagnosis, and the launch of new products and approval of those products by the Food and Drug Administration are expected to drive the growth of the Helicobacter pylori non-invasive testing market. Although there is potential for helicobacter pylori non-invasive testing demand, it is unlikely to materialize due to issues such as a low detection rate, the absence of any outward symptoms, and stringent regulatory constraints. Nonetheless, doctors have advised patients to seek treatment for H. Despite the lack of evidence linking COVID-19 and the virus, Pylori infections should be treated as soon as possible.

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North America has the largest market share for non-invasive Helicobacter pylori (H. pylori) testing, while Asia-Pacific has the fastest growth. The North American helicobacter pylori non-invasive testing market is expected to expand throughout the forecast period, owing to rising rates of gastric cancer, duodenal ulcers, and gastric ulcers, as well as improvements in healthcare infrastructure.

Throughout the forecast period, the market for non-invasive H. pylori is expected to spread fastest in Asia Pacific. China, India, and Japan are just a few of the countries in the region where non-invasive helicobacter pylori testing is expected to grow rapidly in the coming years. As Asia and the Pacific’s population ages, so does the prevalence of Helicobacter pylori (H. pylori) and gastric cancer cases, so does the market for non-invasive H. pylori testing. pylori is expected to spread. That is why there is so much room for growth in the region for helicobacter pylori non-invasive testing market players throughout the forecasted expansion period.

Helicobacter Pylori Non-Invasive Testing Market Key Takeaways

  • The rise in non-invasive testing for Helicobacter pylori (H. pylori) is expected to drive demand for H. pylori non-invasive tests. pylori diagnosis and a scarcity of endoscopic resources
  • The demand for non-invasive helicobacter pylori (H. pylori) testing is increasing due to increased government awareness of infection and the need for accurate diagnosis, rising demand for point-of-care testing equipment, and the widespread availability of diagnostic tests.
  • The demand for helicobacter pylori (H. pylori) non-invasive testing is expected to rise as a result of factors such as the increasing prevalence of H. pylori. pylori infection, the introduction of new products, and the Food and Drug Administration’s approval of these products
  • The global aging population and the rising number of people with stomach ulcers are expected to fuel the growth of the helicobacter pylori non-invasive testing market.
  • The adoption of non-invasive testing for helicobacter pylori (H. pylori) is expected to grow during the projected period due to rising technical developments and an increase in innovations.
  • The demand for non-invasive tests to identify Helicobacter pylori (H. pylori) is projected to face challenges such as a low detection rate, the fact that H. pylori infection often has no symptoms, and strict regulatory regulations.

Helicobacter Pylori Non-Invasive Testing Market Competitive Landscape

The global helicobacter pylori non-invasive testing market comprises of the following players: Meridian Bioscience, Inc., DiaSorin S.p.A, Alere, Sekiusi Diagnostics, and Biomerica, Inc. Besides these, a host of other players have a significant market presence as well. These are Biohit Oyj, Exalenz Bioscience Ltd., Aalto Bio Reagents Ltd., Certest Biotec S.L. and CorisBioconcept SPRL.

Helicobacter Pylori Non-Invasive Testing Market Recent Developments

Meridian Bioscience, Inc. has received FDA approval to market its novel Curian and Curian HpSA assays in March 2020. The new analyzer and preliminary assay are critical components of their strategy to maintain market dominance in gastrointestinal disease testing.

Thermo Fischer Scientific, a world-renowned provider of clinical research services to the biopharma and biotech industries, announced in December 2021 that it is expected to acquire PPD, Inc. for US$17.4 billion.

Key Segments in the Helicobacter Pylori Non-Invasive Testing Market

By Non-invasive Test Type:

  • Serology Test
  • Stool Antigen Test
  • Urea Breath Test

By Test Type:

  • Laboratory-based Tests
  • Point-of-Care Tests

By End-user:

  • Hospitals
  • Diagnostic Labs
  • Clinics

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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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Dental Simulator Market is projected to develop at a 7.8% CAGR and reach a stunning US$780.5 Million by 2033 | FMI

Dental Simulator Market
Dental Simulator Market

The dental training landscape is undergoing a significant transformation, with the Dental Simulator Market expected to reach a staggering US$780.5 million by 2033. This translates to a projected growth of 7.8% CAGR (Compound Annual Growth Rate) between 2023 and 2033, marking a substantial rise from the current market value of US$368.8 million.

This surge comes after a period of steady growth, with the market reaching a value of US$325 million by 2021 and registering a CAGR of 6% from 2017 to 2021. Dental simulators offer a safe and realistic training environment for dental students and professionals, contributing to improved skill development and patient care. This trend is expected to continue fueling market growth in the coming years.

The growing need to implement simulation-based training in dental practices such as surgery, thereby reducing the cost spent on cadavers and other study models, and rising awareness about human-like texture dental simulators with haptic feedback responses in dental schools in developing countries are some of the key factors contributing to the industry’s growth. Furthermore, breakthroughs in dental treatment results offered by smile simulators are propelling business expansion.

Virtual reality has been widely used in dentistry to supplement dental education and to replace traditional teaching techniques in preclinical settings. Dentistry has steadily been coupled with cloud computing, deep learning technology, and 5G to provide students with improved learning aids and different training modules as technical and scientific advancements have occurred.

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Patient simulators that demonstrate symptoms of dental illnesses and respond to therapy, displaying simulated emotions, are also included in simulation units. This function assists dental training practitioners in honing their patient-handling abilities. Hence, all these factors propel the demand for the dental simulator market.

Key Takeaways from the Dental Simulator Market Study

  • FMI projects the global dental simulator market to expand at an 8% value CAGR by 2032
  • The global dental simulator market is estimated at a market value of US$ 345 Million 
  • The global dental simulator market is expected to garner a market value of US$ 750 Million 
  • As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 7% for dental simulators in the assessment period 2022-2032.
  • North America is expected to grow at a CAGR of 7.5% for the dental simulator market during the forecast period.
  • The hardware segment is expected to spike at a CAGR of 7.9% market share for dental simulators in the forecast period 2022-2032.

“The software segment is gaining traction owing to its convenience and low cost, an increasing number of people are adopting dental training and treatment simulation software, which is expected to fuel the market growth over the forecast period.” Says an analyst at FMI 

Dental Simulator Market Competition

Dentsply Sirona, Nissin Dental Products Inc., KaVo Dental, HRV Simulation, Navadha Enterprises, VOXEL-MAN, Image Navigation, Tangshan UMG Medical Instrument Co., Ltd., Dental Art S.p.A. and 3Shape A/S are some prominent dental simulator manufacturers.

In January 2022, Dentsply Sirona announced a collaboration with the University of Toulouse in France to promote the company’s simulation units as preclinical laboratory equipment.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global Dental Simulator market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Component (Hardware and Software), Application (Dental Training & Education and Treatment Planning), and End Use (Dental Schools and Hospitals & Clinics), across five major regions (North America, Europe, Asia Pacific, Latin America and Middle East & 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.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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HPV Testing and Pap Test Market is expected to reach a startling US$15 Billion, rising at a noteworthy 17.5% CAGR By 2032 | FMI

HPV Testing and Pap Test Market
HPV Testing and Pap Test Market

The fight against cervical cancer is gaining powerful allies: HPV Testing and Pap Test Market. According to a new market survey by Future Market Insights (FMI), the global market for these crucial screening tools is expected to surge from US$2.2 billion in 2021 to a staggering US$15 billion by 2032. That’s a massive increase driven by a renewed focus on early detection and prevention.

While Pap tests are expected to remain the primary revenue generator, growing at a significant 17.5% CAGR, new technologies, and increased awareness are poised to play a vital role.

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Cervical Cancer Screening to Continue being the key application for HPV Testing and Pap Test Market Revenue

Vaginal cancer cannot be detected solely through Pap or HPV tests. However, they can detect cervical cancer, HPV, and pre-cancerous conditions. This is useful because the presence of these can be a risk factor for cervical cancer.

The US to Command the Larger Proportion of HPV testing and Pap test consumption in the Analysis Period

The United States contributed the most to the increase in demand for HPV and Pap tests. The American Cancer Society recommends screening women over the age of 25 at recommended intervals. Some programs offer free or low-cost testing to women, such as the CDC’s NBCCEDP.

HPV Testing and Pap Test Market: Competition Insights

HPV Testing and Pap Test providers are focused on increasing the efficiency, accuracy and affordability of their tests and harnessing new technology. The key companies operating include Abbott Laboratories, Qiagen N.V., Becton, Dickinson and Company, Quest Diagnostics, Inc., Hologic, Inc., F. Hoffmann-La Roche, Femasys, Inc., Arbor Vita Corporation, NURX, Inc., Seegene, Inc., Thermo Fisher Scientific. Inc., bioMérieux SA

Some of the recent developments in HPV Testing and Pap Tests are as follows:

  • in June 2022 Hoffmann-La Roche AG, a Swiss healthcare pharmaceutical and diagnostics company, announced the launch of a self-sampling solution that allows patients to collect samples privately at a healthcare facility and have them analysed. The goal of allowing self-collection was to offer an alternative to the traditional invasive clinician-based collection process.
  • Alercell, Inc, a molecular diagnostics company and diagnostics provider, announced the “Meltpro HPV genotype test” in May 2022. It is based on DNA sequencing research. The use of a PCR machine eliminates the risk of human interpretation and results in less than three hours.
  • In June 2022, Karkinos Healthcare, which operates in the oncology healthcare sector, developed CerviRaksha, a clinically validated HPV test that has been pre-qualified and approved by the World Health Organization (WHO) and the United States Food and Drug Administration (FDA). It has also been granted the CE mark and bears it. The samples are collected at home, and the results are sent via email. Individual HPV-16 and HPV-18 genotypes are distinguished, and false positives are filtered.
  • In May 2022, The London School of Hygiene and Tropical Medicine and the University of Manchester, and the University of Hull will collaborate to test for cervical cancer in women of the 65-and-older age group, who are often overlooked despite accounting for over 50% of cervical cancer incidents in the UK. This test will also only require a urine sample, which may entice women who were previously refusing to participate.

Key Segments Covered in HPV Testing and Pap Test Market Survey

by Type:

  • HPV Testing
  • Pap Test

by Application:

  • Vaginal Cancer Screening
  • Cervical Cancer Screening

by Product Type:

  • Instruments
  • Consumables
  • Services

by Technology:

  • PCR
  • Immunodiagnostics
  • Other Technologies

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the HPV Testing and Pap Test Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on by Test Type (HPV Testing, Pap Test), By Application (Vaginal Cancer Screening, Cervical Cancer Screening), By Product Type (Instruments, Consumables, Services), by Technology (PCR, Immunodiagnostics, Other Technologies), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Hospital Stretchers Market is Expected to Expand at a 5.7% Compound Annual Growth Rate to Reach US$ 4.8 Billion by 2032 | FMI

Hospital Stretchers Market
Hospital Stretchers Market

The demand for Hospital Stretchers Market is on the rise! According to a new market analysis report by Future Market Insights, the global hospital stretcher market is expected to reach a value of US$2.6 billion by 2021. This momentum is projected to continue, with the market growing at a rate of 5.7% between 2022 and 2032. Notably, this growth is significantly higher than the historical rate, indicating a potential boom in the hospital stretcher industry.

The absolute dollar opportunity for the Hospital Stretchers market will be US$ 2.1 Billion due to the rise in chronic diseases, a growing geriatric population, and rising hospitalization, all of which are major driving factors for the market’s expansion.

The prevalence, the sedentary lifestyles, and the prevalence of alcohol and smoking consumption are all linked to the probability of people suffering from chronic diseases. One of the chief causes of death globally is cardiovascular disease. According to the WHO, CVDs take the lives of approximately 17.9 million people every year. According to the Centers for Disease Control and Prevention, 0.8 million Americans have a heart attack per year, and approximately 0.6 million die because of this.

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According to Future Market Insights recently published Hospital Stretchers market analysis report, the market for these products had global sales of US$ 2.6 billion in 2021. The anticipated market growth from 2022 to 2032 is anticipated to be 5.7%, which is much greater than the increase in the past. Due to the rise in chronic diseases, an aging population, and an increase in hospitalization, which are all key contributors to the industry’s growth, the total dollar opportunity for the Hospital Stretchers market will increase by US$ 2.1 billion.

The rising incidence of cancer is leading to the demand for stretchers in hospital settings. The International Agency for Research on Cancer (IARC) projects the growth of the cancer burden will reach 19.3 million cases by 2020, with 10 million deaths. Consequently, the demand for chronic diseases is among the key factors driving growth.

More fatalities and traffic accidents have motivated increased funding for emergency medical services. The WHO estimates that each year, close to 1.35 million traffic-related deaths occur worldwide (2021). By age group, fatalities occur most commonly among people under 29 and are particularly common in low- and middle-income countries.

Hospital Stretchers Market Competitive Landscape

Product commercialization and partnership tactics are expected to be profitable for the hospital stretchers market in the forthcoming years. Market players are concentrating on various business strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their market position

The key vendors in the global Hospital Stretchers market are Hill-Rom Holdings, Stryker, Mac Medical, TransMotion Medical Inc., Fu Shun Hsing Technology, Narang Medical Limited, ROYAX, and Advanced Instrumentations.

The recent developments in hospital stretcher markets are:

  • In October 2020, Stryker released the ProCuity Wireless Bed, which is intended to help hospitals reduce costs, reduce the number of patients’ falls, and improve nurses’ workflow.
  • In September 2021, an Indian teen invented a stretcher with shock absorbers. Unlike its conventional counterparts, this stretcher is designed in such a way that the patient’s gravity point is managed using the patient’s own weight. During movement on ramps, slopes, or uneven surfaces, this is balanced on the central wheels.
  • In December 2021, the Neonatal Stretcher System from Technimount won the EMS World Innovation Award 2021. The Neonatal Stretcher System which consists of a support stretcher structure and adapted mounts that allow the attachment of multiple medical devices, provides safety and autonomy to neonatal transport teams.

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Segments Covered in Hospital Stretchers Market Analysis

By Product Type:

  • Adjustable Height
  • Fixed Height
  • Bariatric
  • Radiographic

By Technology:

  • Motorized
  • Non-Motorized

By Application:

  • Ambulatory/Transport
  • Day-care/Inpatient
  • Surgery
  • Emergency/Trauma

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI)

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

Contact Us:        

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