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Global PCSK9 Inhibitors Market for Explosive Growth, Projected to Reach US$ 15,140.3 Million by 2034 at a 18.7% CAGR

The global PCSK9 inhibitors market is on pace for impressive growth, with 2024 revenues expected to surge to US$ 2,733.7 million. Forecasted to expand at a remarkable compound annual growth rate (CAGR) of 18.7% until 2034, the market is expected to peak with total sales of US$ 15,140.3 million, indicating the rising need for novel treatments to lower cholesterol.

The evolocumab segment is expected to hold a dominant 71.3% value share in the PCSK9 inhibitor market by 2024. Nonetheless, the inclisiran market is poised for remarkable expansion, as sales are expected to rise at an astounding rate of 31.3% CAGR throughout the evaluation period, highlighting its increasing popularity in the treatment market.

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Key Takeaways:

The global PCSK9 inhibitor market is projected to reach US$15.14 billion by 2034, reflecting a remarkable CAGR of 18.7%.
This surge is driven by a significant year-over-year growth of 21.5% in 2024, highlighting the rapid expansion of the market.
Evolocumab is currently the dominant player, but inclisiran is poised for the fastest growth, with a projected CAGR of 31.3%.

Competitive Landscape:

Clinical trials can serve as a powerful promotional strategy for a company, offering a multifaceted approach to showcasing its commitment to innovation, patient care, and scientific advancement. Securing approval from the U.S. Food and Drug Administration (FDA) is a significant achievement for any pharmaceutical or biopharmaceutical company.

Top manufacturers of PCSK9 inhibitors are heavily investing in research and development to explore novel treatment approaches for high cholesterol. For instance, they are exploring combination therapies with other cholesterol-lowering drugs to broaden the application of PCSK9 inhibitors and improve patient outcomes.

Recent Developments in the PCSK9 Inhibitor Market

In April 2021, Praluent (alirocumab) injection was approved by the Food and Drug Administration (FDA) for patients with homozygous familial hypercholesterolemia (HoFH).
In November 2023, LIB Therapeutics completed the global phase 3 LIBerate program of Lerodalcibep, a new third-generation PCSK9 inhibitor in development for cardiovascular diseases.
In August 2023, Merck initiated the Phase 3 clinical program for oral PCSK9 inhibitor candidate MK-0616. The oral PCSK9 inhibitor (MK-0616) is being evaluated for the treatment of adults with hypercholesterolemia.

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Key Players in the PCSK9 Inhibitor Market Include:

Novartis AG
Regeneron Pharmaceuticals, Inc. (Sanofi)
Amgen Inc.
Innovent
LIB Therapeutics, LLC
Shanghai Junshi Biosciences Co., Ltd
Merck & Co., Inc.
AstraZeneca

Key Market Segments Covered in PCSK9 Inhibitor Industry Research:

By Drug:

Alirocumab
Evolocumab
Inclisiran
Tafolecimab

By Modality:

Fully-humanized monoclonal antibodies
siRNA

By Indication:

Primary Hyperlipidemia
Familial Hyper Cholesterolemia
Prevention of Other Cardiovascular Events

By Sales Channel:

Hospitals
Specialty Clinics
Retail Pharmacies
Online Pharmacies

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Middle East & Africa

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Diabetic Retinopathy Industry is growing at a 5.8% CAGR and is expected to reach a milestone of US$ 15.50 Billion by 2033 | FMI

Future Market Insights (FMI) forecasts a promising future for the Global Diabetic Retinopathy Industry, with a projected Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2033. This growth is attributed to the increasing prevalence of diabetes worldwide, leading to a surge in demand for effective diabetic retinopathy solutions.

The market, valued at US$8.82 billion in 2023, is expected to transform significantly. Manufacturers in the diabetic retinopathy space are anticipated to witness a substantial revenue increase due to the growing need for treatments that address damaged retinas in diabetic patients. By 2033, the market is projected to reach a staggering US$15.50 billion.

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Crucial information and forecast statistics covered in the Diabetic Retinopathy market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Global Diabetic Retinopathy Industry

The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Diabetic Retinopathy market. Severe shortages of critical medical supplies and a rapid rise in several COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Global Diabetic Retinopathy Industry.

Following government measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the Diabetic Retinopathy market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

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Global Diabetic Retinopathy Industry: Segmentation

Valuable information covered in the FMI’s Global Diabetic Retinopathy Industry report has been segregated into key segments and sub-segments.

By Type:

Proliferative
Non-proliferative

By Management:

Anti-VEGF
Intraocular Steroid Injection
Laser Surgery
Vitrectomy

Global Diabetic Retinopathy Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Global Diabetic Retinopathy Industry. Competitive information detailed in the Diabetic Retinopathy market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Diabetic Retinopathy Industry report.

Key players covered in the report include:

Bayer Healthcare, Novartis AG, Regeneron Pharmaceuticals Inc., Allergan plc, Oxurion, and others

Important Questions Answered in the Global Diabetic Retinopathy Industry Report

Which end-user remains the top revenue contributor in different regional markets?
At what rate has the Global Diabetic Retinopathy Industry been expanding during the forecast period?
How will the Global Diabetic Retinopathy Industry look like by the end of the forecast period?
What innovative strategies are adopted by Diabetic Retinopathy market players to stay ahead of the pack?
What are the restraints affecting the growth of the Global Diabetic Retinopathy Industry?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis of growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis of each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Diabetic Retinopathy market

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Epinephrine Auto-Injectors Industry is expected to grow at a 4.9% CAGR and reach a lucrative US$ 3.2 Billion by 2032 | FMI

The Global Epinephrine Auto-Injectors Industry is expected to witness significant growth over the next decade, according to a recent industry report by Future Market Insights (FMI). The market is projected to surge from US$ 2 billion in 2022 to an impressive US$ 3.2 billion by 2032, reflecting a compelling Compound Annual Growth Rate (CAGR) of 4.9%.

This upward trajectory is fueled by the increasing demand for epinephrine auto-injectors, driven by notable advancements in syringe and injector technologies. Responding to evolving clinical and patient needs, manufacturers within the industry have demonstrated significant innovation, contributing significantly to the burgeoning market.

One of the driving forces behind this growth is the escalating prevalence of allergies worldwide. Individuals facing allergic reactions to dust, insect bites, venom, food, and food additives have significantly contributed to the expanding market for epinephrine auto-injectors. As a result, the industry is witnessing a surge in opportunities and a widening consumer base.

Furthermore, vendor investments in research and development initiatives have played a pivotal role in shaping key trends and opportunities within the Global Epinephrine Auto-Injectors Industry. A noteworthy development includes the creation of chlorofluorocarbon-free epinephrine auto-injector inhalers using hydrofluoroalkanes as propellants. This environmentally conscious approach not only aligns with global sustainability goals but also propels the industry into a new era of innovation.

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However, excessive use of epinephrine can lead to adverse side effects such as cardiac arrhythmia, pulmonary edema, vomiting, and brain hemorrhage, which may pose a challenge for the Global Epinephrine Auto-Injectors Industry.

During the forecast period, the regional market for epinephrine auto-injectors is expected to be driven by the increasing number of people suffering from various types of allergies, the availability of low-cost generic epinephrine auto-injectors, and the high adoption rate of epinephrine auto-injectors in the United States. The adoption trends in the epinephrine auto-injector market are also expected to contribute to its growth.

Global Epinephrine Auto-Injectors Industry Key Takeaways:

In the United States, the epinephrine auto-injectors market size is estimated to reach US$ 1.2 Billion by 2032, increasing at a CAGR of 4.7% through 2032.
The epinephrine auto-injectors market share in the United Kingdom is expected to be worth US$ 132.9 Million by 2032, with a CAGR of 3.6% through 2032.
China’s epinephrine auto-injectors market share is expected to reach US$ 233.7 Million by 2032, with a CAGR of 4.2% through 2032.
The market share for epinephrine auto-injectors in Japan is expected to be valued at US$ 188.5 Million by 2032, expanding at a 3.3% annual rate through 2032.
South Korea is expected to reach a market size of US$ 117.6 Million in epinephrine auto-injectors by 2032, with a CAGR of 2.8% through 2032.
The epinephrine auto-injectors market’s Hospitals segment from the end user category is predicted to develop at a CAGR of 4.8% through 2032.
Through 2032, the 0.3 mg sector in the epinephrine auto-injectors market’s dosage category will grow at a CAGR of 4.9%.

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Global Epinephrine Auto-Injectors Industry Competitive Landscape:

A new market research report on epinephrine auto-injectors says that Adamis Pharmaceuticals Corporation, Alk-Abello A/S, Impax Laboratories, Inc., Mylan N.V., and Antares Pharma is among the legacy player’s vendors.

The research offers a comprehensive competition analysis of these top competitors in the epinephrine auto-injectors market, including Global Epinephrine Auto-Injectors Industry growth, epinephrine auto-injectors market share, Global Epinephrine Auto-Injectors Industry adoption trends and important market strategies.

Recent Development in the Global Epinephrine Auto-Injectors Industry:

Antares Pharma (US) struck an arrangement with Lunatus Global Medical Supplies in August 2020. (Dubai). Antares will deliver packaged goods to Lunatus under this arrangement, and Lunatus will submit and get regulatory permission for XYOSTED in the UAE and Saudi Arabia, as well as promote, market, and distribute XYOSTED in these two countries.
SHL Medical (Switzerland) bought Weibel CDS in March 2020. (Switzerland). The goal of this purchase was to increase SHL Medical’s capacity to develop more sophisticated medication delivery systems based on human-centered designs and functionality.
Eli Lilly spent US$ 470 million and generated approximately 460 new jobs in Durham, NC in January 2020. With this extension, North Carolina’s Research Triangle Park gained a new state-of-the-art pharmaceutical production plant.

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Global Epinephrine Auto-Injectors Industry Key Segments:

By End-User:

Hospitals
Clinics
Home Based
Others

By Dosage:

0.15 mg
0.3 mg
Others

By Age Group:

0-4 Years
5-14 Years
15-24 Years
25-49 Years
50-64 Years
Above 65 Years

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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:

Nandini Singh Sawlani

Global Joint Replacement Market Set to Surge, Predicted to Reach US$ 27 Billion by 2032 with CAGR of 4.3%

The global joint replacement market is poised for significant growth, with projected sales reaching US$ 27 billion by 2032, up from US$ 17.1 billion in 2021. This anticipated expansion reflects a compound annual growth rate (CAGR) of 4.3% between 2022 and 2032, underscoring the increasing demand for advanced orthopedic solutions worldwide.

Among the various segments within the joint replacement market, knee replacement is expected to lead in revenue generation, with a predicted CAGR exceeding 4.1% from 2022 to 2032. This dominance underscores the substantial prevalence of knee-related disorders and the growing adoption of knee replacement procedures as an effective treatment modality.

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This expansion is explained by a number of important factors:

Population aging: As a result of the world’s population aging quickly, osteoarthritis and other joint-related disorders are becoming more common. The need for joint replacement surgery is predicted to increase gradually as the number of elderly people increases.
Concentrate on knee replacements: It is projected that the knee replacement market will represent the largest share of the joint replacement market. The need for knee replacement surgery is rising as a result of increasing knee disorders brought on by aging, trauma, and obesity. This market is expanding as a result of developments in prosthetic knee designs and minimally invasive surgical methods.
Technological advancements: The medical technology sector is continuously innovating, leading to the development of more durable and sophisticated joint replacements. These advancements offer patients improved functionality, mobility

Key Takeaways:

The global joint replacement market reached a valuation of US$17.1 billion in 2021, according to a newly released analysis report by Future Market Insights.
With a projected CAGR of 4.3% from 2022 to 2032, the market is expected to reach a staggering US$27 billion by 2032.
Knee replacements are anticipated to be the highest revenue-generating segment, growing at a CAGR exceeding 4.1% from 2022 to 2032.

Competitive Analysis:

The joint replacement market is fragmented, with many large and small companies competing. Smith+Nephew, DJO, LLC, Johnson & Johnson Services Inc., Stryker, Zimmer Biomet, Arthrex Inc., Exactech Inc., Conformis, MicroPort Orthopedics, and Corin Group are some of the major players in the market.

Some of the recent developments of Joint Replacement Market key providers are as follows:

In January 2022, Engage Surgical, the owner of the only cement-less unicompartmental knee system commercially accessible in the United States, was acquired by Smith+Nephew, a multinational medical technology business.
In February 2021, MicroPort Orthopedics added hyaluronic acid-coated collared hip stems and affixed collared hip stems to their hip stems lineup.
In January 2021, Stryker purchased OrthoSensor, Inc., a forerunner in the digital evolution of full joint replacement.
In July 2018, Corin announced that it will offer the Trinity Dual Mobility System for Hip Replacement.

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Key Companies Profiled:

Johnson & Johnson Services, Inc.
Stryker
Zimmer Biomet
Smith+Nephew
DJO, LLC.
Arthrex, Inc.
Exactech, Inc.
Conformis
MicroPort Orthopedics
Corin Group

Market Segments Covered in Joint Replacement Market Analysis:

By Replacement Type:

Extremities
- Upper
- Lower
Knees
Hips

By Fixation Type:

Cemented
Cementless
Hybrid
Reverse Hybrid

By End-use:

Hospitals
Orthopedic Clinics
Other End-uses

By Procedure Type:

Total Replacement
Partial Replacement
Other Procedure Types

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

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About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Antidiabetics Industry Expected to Grow at an Amazing 9.6% CAGR to Reach US$ 223 Billion by 2032 | FMI

The Global Antidiabetics Industry is experiencing exceptional growth, reaching a staggering US$89.2 billion in 2022. This significant surge, reflecting a robust 10.9% year-on-year growth rate, highlights the industry’s strength and momentum.

Looking ahead, the market is poised for even greater heights. Industry analysts anticipate a monumental leap, with the global antidiabetics market projected to skyrocket to a staggering US$223 billion by 2032. This impressive growth trajectory is fueled by a sustained Compound Annual Growth Rate (CAGR) of 9.6% between 2022 and 2032.

A pivotal driving force behind this exponential growth is the escalating worldwide incidence of diabetes, solidifying the Global Antidiabetics Industry’s position as a vital player in healthcare advancements. The industry is poised to play a crucial role in shaping the future of diabetes treatment and management from 2022 to 2032.

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For instance, in July 2021, Ypsomed AG expanded the range of features of the mylife YpsoPump system. The app-based deployment of the Dexcom G6 Continuous Glucose Monitoring (CGM) System allows people with diabetes to manage their therapy through their smartphones.

On the contrary, expenses associated with insulin pumps, lack of awareness about the treatment methods, and poor reimbursement framework in developing countries are anticipated to hinder the market growth.

Key Takeaways from the Global Antidiabetics Industry Study:

The insulin segment to record a CAGR of 9.4% by 2032
The oral segment is to witness a CAGR of 9.5% during the forecast period
Market in the U.S to value US$ 79.6 Billion by 2032· The UK market to hold a value of US$ 9.2 Billion
Japan to exhibit a CAGR of 7.9% during the forecast period
China to secure a market value of US$ 16 Billion by 2032

“Increasing incidences of diabetic patients across the globe and the rising geriatric population are projected to play a vital role in driving the market. Moreover, ongoing R&D is another factor that will benefit the market in the forthcoming period,” says an FMI analyst.

Global Antidiabetics Industry Competition Analysis

In May 2021, F. Hoffmann-La Roche Ltd., launched mySugar Pump Control under the mySugr app. mySugr Pump Control enables patients to control insulin pumps via smartphone to import and view the data status.
In May 2022, the Food and Drug Administration approved a new drug for people with Type 2 diabetes. The drug, Tirzepatide is a once-a-week injection that helps people in managing their blood glucose levels and lessen food intake

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Global Antidiabetics Industry Key players:

Bayer Corporation,
AstraZeneca,
Boehringer Ingelheim,
Eli Lilly,
Bristol-Myers Squibb

Key Segments Profiled in the Global Antidiabetics Industry Study

Global Antidiabetics Industry by Product:

Insulin-based Antidiabetics
- Rapid-Acting Analog
- Long-Acting Analog
- Premixed Insulin
- Short-Acting Analog
- Intermediate-Acting Insulin
Antidiabetics Drug Class
- Alpha-Glucosidases Inhibitors
- Biguanides
- Sulphonylureas
- GLP-1 (Glucagon-like peptide) Agonists
- DPP-IV (Dipeptidyl Peptidase) Inhibitors
- Meglitinides
- SGLT-II (Sodium-Glucose Transport Proteins) Inhibitors
- Thiazolidinedione

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Global Antidiabetics Industry by Patient Population:

Antidiabetics for Pediatrics
Antidiabetics for Adults
Antidiabetics for Geriatrics

Global Antidiabetics Industry by Route of Administration:

Antidiabetics Administration through Insulin Syringes/ Insulin Pens
Antidiabetics Administration through Insulin Pumps
Intravenous Antidiabetics Infusion
Oral Antidiabetics Administration
Other Routes of Antidiabetics Administration

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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:

Nandini Singh Sawlani

Global Spine Pain Market Poised for Steady Growth, Projected to Reach US$ 12.47 Billion by 2033 with a CAGR of 5%

The global spine pain market is on an upward trajectory, with a projected compound annual growth rate (CAGR) of 5% from 2023 to 2033. Beginning with a valuation of US$ 7.65 billion in 2023, the market is anticipated to expand significantly, reaching an estimated US$ 12.47 billion by the conclusion of the forecast period.

Spine pain, a prevalent condition affecting millions worldwide, continues to drive demand for innovative treatment modalities and therapeutic interventions. This anticipated growth underscores the escalating prevalence of spine-related disorders, coupled with advancements in medical technology and treatment options.

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The two main drivers driving the spine pain market are an older population and an increase in the frequency of nerve occurrences. An sedentary lifestyle, growing medical consciousness in developed and developing countries, and rising consumer disposable income are also expected to fuel future expansion.

Key Takeaways:

The global spine pain market is expected to reach US$12.47 billion by 2033, reflecting a CAGR of 5% from its 2023 valuation of US$7.65 billion.
Rising prevalence of nerve conditions and an aging global population are key growth drivers.
Increased awareness of treatment options, rising disposable income, and growing adoption of healthy lifestyles are further propelling market expansion.
Spine pain is a major health concern, affecting an estimated 81% of the world’s population at some point in their lives.

About 81% of people on the planet have at some point in their lives suffered spine pain, one of the most frequent illnesses; also, spine pain is mostly to blame for the rise in global mobility impairment.

Key factors fueling market expansion include advancements in minimally invasive surgical techniques, the development of novel pharmaceuticals targeting spine pain, and the growing adoption of non-invasive therapies such as physiotherapy and chiropractic care. Additionally, heightened awareness of spine health and the importance of early intervention contribute to market growth.

The forecasted surge in market valuation underscores the pivotal role of healthcare innovation in addressing the complex challenges posed by spine pain. By leveraging cutting-edge technologies and interdisciplinary approaches, stakeholders within the spine pain ecosystem can collaboratively advance patient care and improve clinical outcomes.

Market Competition:

Key players in the Spine Pain market are Medtronic plc., DePuy Synthes, Inc, Stryker Corporation, NuVasive, Inc, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Alphatec Spine, Inc, Orthofix International N.V., Difusion Technologies, Inc., ZimVie Inc.

In July 2020 – Zavation Medical announced the release of the versatile anterior lumbar plate and Lateral Lumbar Plate, which are intended to be used as supplemental fixation devices for the lumbar spine. These plates are new additions to the company’s inventory.
In August 2020, WishBone Medical Inc. declared the acquisition of all assets from Back 2 Basics Direct (B2B) and Orbbo Surgical, two confidentially medical device manufacturers specialized in spinal fusion research, advancement, and surgical tools.

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Key Companies Profiled:

Medtronic Plc.
DePuy Synthes Inc.
Stryker Corporation
NuVasive Inc.
Zimmer Biomet Holdings Inc.
Globus Medical Inc.
Alphatec Spine Inc.
Orthofix International N.V.
Difusion Technologies, Inc.
ZimVie Inc.

Key Segments Profiled in the Spine Pain Market Industry Survey:

By Product:

Fusion Devices
Non-Fusion Devices
Stimulation Devices

By Treatment:

Open Surgery
Minimally Invasive Surgery
Others

By Procedure:

Discectomy
Laminotomy
Foraminotomy
Corpectomy
Facetectomy

By Region:

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

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About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Clinical Chemistry Analyzers Industry is expected to reach US$21.7 Billion by 2032, growing at a significant 4.8% CAGR | According to FMI

The Global Clinical Chemistry Analyzers Industry is poised for a surge in growth, according to a new report from Future Market Insights (FMI). Valued at US$13.6 billion in 2022, the market is expected to reach an impressive US$21.7 billion by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 4.8%.

The FMI report provides comprehensive insights into the current state and future prospects of the Global Clinical Chemistry Analyzers Industry. The industry, which already stands at an impressive valuation of US$ 13.6 billion, is set to experience substantial expansion over the next decade.

Key Factors Driving Market Growth

The exponential growth of the Clinical Chemistry Analyzers market is underpinned by two pivotal factors. Firstly, the rising elderly population is contributing significantly to the surge in demand. Secondly, the increasing prevalence of chronic diseases is further propelling the need for advanced clinical chemistry analyzers, playing a vital role in healthcare diagnostics. As both demographics continue to expand, the industry is poised for unprecedented growth.

Insights for Strategic Decision-Making

The comprehensive Clinical Chemistry Analyzers Industry report by FMI is a treasure trove of crucial information and forecast statistics. Market players, whether well-established or emerging, will find these insights invaluable for crafting long-term strategies. In the ever-evolving landscape of healthcare, where adaptability is key, these insights offer a roadmap for maintaining business continuity. This is especially vital in challenging times, such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis on Global Clinical Chemistry Analyzers Industry

The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Clinical Chemistry Analyzers Industry. Severe shortages of critical medical supplies and a rapid rise in several COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Clinical Chemistry Analyzers market.

The FMI’s report includes an interesting chapter on the preliminary impact of the COVID-19 on clinical Chemistry Analyzers Industry. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Global Clinical Chemistry Analyzers Industry: Segmentation

Valuable information covered in the FMI’s Clinical Chemistry Analyzers market report has been segregated into key segments and sub-segments.

Global Clinical Chemistry Analyzers Industry by Product:

Clinical Chemistry Analyzers
- Small
- Medium
- Large
- Very Large
Clinical Chemistry Reagents
- Calibrators
- Controls
- Standards
- Others
Other Clinical Chemistry Analyzer Products

Global Clinical Chemistry Analyzers Industry by Test:

Basic Metabolic Panel Clinical Chemistry Analyzers
Electrolyte Panel Clinical Chemistry Analyzers
Liver Panel Clinical Chemistry Analyzers
Lipid Profile Clinical Chemistry Analyzers
Renal Profile Clinical Chemistry Analyzers
Thyroid Function Panel Clinical Chemistry Analyzers
Specialty Chemical Tests Clinical Chemistry Analyzers

Global Clinical Chemistry Analyzers Industry by End Use:

Clinical Chemistry Analyzers for Hospitals
Clinical Chemistry Analyzers for Academic Research Centers
Clinical Chemistry Analyzers for Diagnostics Laboratories
Clinical Chemistry Analyzers for Diagnostics Laboratories
Clinical Chemistry Analyzers for Other End Uses

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Global Clinical Chemistry Analyzers Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Clinical Chemistry Analyzers market. Competitive information detailed in the Clinical Chemistry Analyzers market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Clinical Chemistry Analyzers market report.

Author

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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 Teledentistry Market Set to Skyrocket, Reaching $6.56 Billion by 2032 with a CAGR of 16.30%

The global teledentistry market is poised for exponential growth, projected to surge from a market value of US$ 1.45 billion in 2022 to a staggering US$ 6.56 billion by 2032. This remarkable expansion reflects a compound annual growth rate (CAGR) of 16.30% over the forecast period.

Teledentistry, the innovative convergence of telecommunications and dentistry, is revolutionizing oral healthcare delivery worldwide. A myriad of factors underpin this meteoric rise. The escalating demand to mitigate dental care costs, coupled with the ubiquitous integration of mobile health (mHealth) technologies in dental practices, are pivotal drivers propelling the market forward.

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Key Takeaways:

The global teledentistry market is projected to reach US$6.56 billion by 2032, reflecting a robust CAGR of 16.3% from its 2022 valuation of US$1.45 billion.
Rising demand for affordable dental care, increasing adoption of mobile health (mHealth) technologies, and growing internet and smartphone accessibility in developing countries are key growth drivers.
Teledentistry offers a convenient and cost-effective solution for patients seeking remote dental consultations and support.

Market Competition:

The market is highly competitive. The key players are involved in new solution launches, software and services innovations, acquisitions, and partnerships to gain a competitive edge over each other. Such activities are expected to support the rapid growth of the market.

For instance, in May 2020, Koninklijke Philips N.V. collaborated with Toothpic, a leading dental e-health solution provider, to launch a professional teledentistry solution. This collaboration will enable Toothpick to complement Philip’s Sonicare teledentistry solution.

Key Companies Profiled:

Koninklijke Philips N.V.
Align Technology, Inc.
SmileDirectClub
MouthWatch, LLC
Dentulu, Inc.
Denteractive Solutions Inc.
Toothpick
Smile Virtual LLC
Virtudent, Inc.
Straight Teeth Direct

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Key Segments Profiled in the Teledentistry Industry Survey:

Teledentistry by Component:

Software & Services
Hardware

Teledentistry by Delivery Mode:

Cloud-based
Web-based

Teledentistry by Application:

Tele-consultation
Remote Patient Monitoring
Education & Training

Teledentistry by End Use:

Providers
Patients
Others

Teledentistry by Region:

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

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Utility Locator Market Poised for Robust Growth, Projected to Reach US$ 820 Million by 2023

According to market research, the utility locate market is expected to develop at a compound annual growth rate (CAGR) of 4.7%, reaching US$ 820 million by 2023 and US$ 1.3 billion by 2033. Finding subterranean services such as water pipelines, electrical cables, gas lines, and telephone lines requires the use of locators. Gaining further insight into safeguarding these utilities when doing construction, excavation, or digging operations is made possible by the information provided.

There are old subterranean utilities in many areas that require upkeep, replacement, or repairs. Utility locator services are frequently necessary to prevent potential damage or service interruptions. Excavation and digging have become more common as a result of urbanization and infrastructural development. It is possible to lay new telecommunications cables, repair existing utilities, or build new utility lines.

The utility locator device can be used for many applications, including the location of telecommunication lines. With these devices, users can locate utilities using electromagnetic and GPR technologies. Examples of such multipurpose locators include Subsite Electronics’ UtiliGuard and Radiodetection’s RD8100PDL.

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According to the United Nations report, by 2025, about 1.8 billion people will live in areas with absolute water scarcity, contributing to food insecurity and many other problems. The lack of clean water and sanitation is responsible for about 80% of illnesses in developing countries. Many countries are taking joint initiatives to help developing countries access water resources.

Utility locating is becoming increasingly popular among contractors, construction companies, and utility service providers. Utility locators are located accurately, not only are damages prevented and worker safety ensured, but project delays are also reduced. Therefore, more companies are investing in utility locators, driving the market.

Key Takeaways from the Utility Locator Market

The global market for utility locator services is forecast to grow at a CAGR of 4.6% over the forecast period.
Due to rapid innovation and advanced technologies, China is expected to increase its utility locator demand by 5.6% CAGR by 2033.
The increasing construction industry in the United States will lead to an increase in utility locators. The sector will grow at a CAGR of 3.6% from 2023 to 2033.
The Japanese automotive industry is driving market growth, which is expected to reach a 4.2% CAGR by 2033.
According to analysts, the utility locator market in telecommunications is forecast to grow at a CAGR of 4.5% over the next few years.

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Competitive Landscape of Utility Locator Market and Their Marketing Strategies:

Globally, the utility locator market has become highly competitive over the past decade. A cost-effective and broader product line will enable the company to thrive in a highly competitive market.

Market Developments Include:

In February 2023, a Minnesota company introduced a new underground utility mapping system. GIS Manager Damon Nelton leveraged Esri solutions, hardware, and software from Eos Positioning Systems to develop a real-time capturing solution for new pipeline construction at Ellingson Companies. Ellingson Companies improved field productivity and the safety of future construction projects by streamlining its documentation workflows.
In March 2023, Vermeer introduced its GPS-enabled Verifier G3+ Utility Locator. An intuitive user interface, optimized connectivity, and high accuracy are the key features of this new-generation locator. By connecting the Verifier G3+ utility locator to a smartphone and using the G3+ Map app, location details can be plotted, including depth, current index, GPS information, utility type, device name, and the operator’s name.

Key Players in Utility Locator Market and Their Marketing Strategy

Radiodetection Ltd.
Guideline Geo
Rigid Tool Company
Ditch Witch (The Charles Machine Works)
Leica Geosystems AG
Vivax-Metrotech Corporation
3M
USIC LLC
Multi VIEW Locates Inc.
Ground Penetrating Radar

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Get More Valuable Insights into the Utility Locator Market Report

ESCOMAR-certified member Future Market Insights offers unbiased global market analysis, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the utility locator market, the market is segmented based on Technique (Electromagnetic Field, Ground Penetrating Radar, Other), Offering (Equipment, Services), Vertical (Oil & Gas, Electricity, Transportation, Water and Sewage, Telecommunication, Others) and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

Segmentation Analysis of the Utility Locator Market

By Technique:

Electromagnetic Field
Ground Penetrating Radar
Other

By Offering:

Equipment
Services

By Vertical:

Oil & Gas
Electricity
Transportation
Water and Sewage
Telecommunication
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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T: +1-845-579-5705
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Global Emergency Medical Services Industry Is Expected to Grow at a 6.2% Annual Rate and Reach US$37.2 Billion by 2032 | FMI

Future Market Insights (FMI) forecasts a robust Global Emergency Medical Services Industry outlook, with a projected valuation of US$37.2 billion by 2032. This significant growth is anticipated to be fueled by a healthy compound annual growth rate (CAGR) of 6.2%.

Ground transportation remains the dominant force within the EMS industry, accounting for a substantial 86.2% market share in 2021. This dominance is expected to continue throughout the forecast period, highlighting the critical role of ambulances and other ground vehicles in providing timely and effective medical care during emergencies. The continued reliance on ground transportation reflects its irreplaceable function in delivering crucial medical attention promptly.

The escalating demand for emergency medical services is driven by a global surge in cardiac arrests and accidents, emphasizing the urgent need for rapid and efficient emergency response mechanisms. Future Market Insights’ analysis underscores the industry’s pivotal role in addressing these challenges and providing life-saving assistance where it is needed most.

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Several factors contribute to the growth of the Global Emergency Medical Services Industry, including a higher number of infection-related cases, increased morbidity risks among the elderly population, rising investments and funding for medical services, a surge in trauma cases, higher healthcare expenditures, and an increase in hospital establishments worldwide.

Moreover, the availability of emergency medical services through well-developed transportation infrastructure, improved communication channels, robust software solutions, and procedural aid during emergency situations positively influences the market. Additionally, air ambulance utilization, which provides essential medical transport services during emergencies, has also contributed to the growth of the emergency medical services industry.

“Rising adoption of air ambulances, along with growing demand for drone-based emergency medical services will augment the growth in the market,” says an FMI analyst.

Global Emergency Medical Services Industry Key Takeaways:

Advance life support services accounted for about 56.6% of the global market share in 2021, owing to the rise in demand due to the advent of the COVID-19 pandemic.
As providers, hospital-based EMS held a dominant share of 27.4% in 2021. Hospital-based EMS provides pre-hospital care for patients during cases of emergency and trauma.
Ground transport services are a dominant segment in terms of the fleet within the global market, carrying a market share of around 86.2% in 2021.
North America is observed to be the leading region with an approximate value share of 35.6% in 2021.

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Global Emergency Medical Services Industry Competition Landscape

Market expansion will be hampered by increasing vendor competition. Because there are so many brands and regional and local vendors, there are a lot of rivalries. Furthermore, suppliers in the emergency medical services industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates. During the focused period, increased competition is expected to hurt the worldwide emergency medical service market growth. The emergency medical services industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.

More Insights:

The North American region is the largest Global Emergency Medical Services Industry due to the presence of well-established healthcare infrastructure, high healthcare expenditure, and the adoption of advanced medical technologies.

Key Segments Covered in Global Emergency Medical Services Industry Research

By Services:

Basic Life Support
Advance Life Support
Mortuary Services
Patient Transfer Services

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By Providers:

Fire-Department-Based EMS
Government EMS
Hospital-Based EMS
Private Ambulance Service
Other EMS Agencies

By Fleet:

Ground Transport
Air Transport

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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:

Nandini Singh Sawlani