Global Generalized Anxiety Disorder Treatment Market Set to Surge to US$ 4261.25 Million by 2033, Marking a CAGR of 9%

Generalized Anxiety Disorder Treatment Market
Generalized Anxiety Disorder Treatment Market

In a significant development that underscores the growing urgency to address mental health issues globally, recent market research forecasts the global generalized anxiety disorder treatment market size to expand from US$ 1800 million in 2023 to an impressive US$ 4261.25 million by 2033. This growth, occurring at a compound annual growth rate (CAGR) of 9%, highlights the escalating demand for effective treatments amid the rising incidence of generalized anxiety disorder (GAD) and other mental health conditions.

The period from 2018 to 2022 witnessed a steady market growth at a CAGR of 5.1%, setting the stage for the more pronounced acceleration expected in the next decade. Experts attribute this optimistic outlook to several key factors, including the increasing prevalence of GAD, heightened awareness of mental health issues, and the broad spectrum of therapeutic options available to patients.

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The push towards recognizing and addressing mental health issues has led to significant advancements in both pharmacological and non-pharmacological treatment modalities. This progress is a testament to the intensive research and development efforts aimed at enhancing the efficacy of antidepressants and other therapeutic treatments. These innovations are pivotal in driving the expansion of the generalized anxiety disorder treatment market.

As the market evolves, stakeholders across the healthcare ecosystem, from pharmaceutical companies to mental health professionals, are called upon to collaborate more closely. Their joint efforts are crucial in ensuring that individuals suffering from GAD have access to the latest and most effective treatment options. This collaborative approach is also vital in continuing to raise awareness about GAD and in destigmatizing mental health care, thereby encouraging more people to seek the help they need.

The forecasted market growth signals a positive shift towards prioritizing mental health and signifies a promising future where comprehensive and accessible treatments for generalized anxiety disorder become the norm rather than the exception.

Key Takeaways from the Market Study:

  • The generalized anxiety disorder treatment market is expected to grow at a value of 9% CAGR in the forecast period 2023 to 2033.
  • By drug class, antidepressants are expected to possess 48% market share for generalized anxiety disorder treatment market in 2023.
  • North America is expected to possess 47% market share for generalized anxiety disorder treatment market in 2023.
  • Asia Pacific is expected to possess 42% market share for generalized anxiety disorder treatment market in 2023.

“The market for psychotherapy is expected to grow, driven by the increasing awareness of the importance of mental health and the growing availability of online therapy services.” states an FMI analyst

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Competitive Landscape:

Key players in the generalized anxiety disorder treatment market are MindMed, VistaGen Therapeutics, Actavis, Takeda Pharmaceuticals, Bionomics, Eli Lilly and Company, GlaxoSmithKline Pharmaceuticals Limited, Pfizer, Inc., Abbott Laboratories, Bristol-Myers Squibb and Actavis Pharmaceutical Company

  • MindMed has developed a digital therapeutics platform called “Lytica” that aims to improve mental health outcomes for patients with anxiety disorders. The platform uses cognitive-behavioral therapy (CBT) techniques to help patients manage their symptoms and improve their mental well-being.
  • Actavis offers a number of drugs that are commonly used in the treatment of GAD, including benzodiazepines like clonazepam and lorazepam. These drugs work by enhancing the activity of gamma-aminobutyric acid (GABA), a neurotransmitter that has a calming effect on the brain.

Key Segments Profiled in the Generalized Anxiety Disorder Treatment Industry Survey:

Drug Class:

  • Antidepressant
  • Buspirone
  • Benzodiazepines

Therapies:

  • Interpersonal Therapy
  • Behavioural Therapy
  • Cognitive Behaviour Therapy
  • Mindfulness Based Cognitive Therapy

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

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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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Potassium Sulphate Market to Boom: US$ 6.6 Billion by 2029, Driven by Agriculture Demand

Potassium Sulphate Market
Potassium Sulphate Market

A recently published market study by Future Market Insights (FMI) on the potassium sulphate market integrates the global industry analysis for 2014-2021 and market opportunity assessment for the forecast period of 2022-2029. The market study divulges fundamental insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market valuation in the report, the global potassium sulphate market is estimated to witness noteworthy growth due to growing demand from the agricultural sector.

The global potassium sulphate market value to top US$ 6,566.6 Million by 2029 and is anticipated to grow with 4.8% CAGR throughout the forecast period of 2022-2029.

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Consumption of fertilizers is directly related to agricultural production and indirectly to increasing global population; higher the population more will be the requirement for food. On the other side, loss of crops due to unforeseen seasonal changes and calamities will further deepen the food supply at the global scale. Changing eating habits such as increasing meat consumption, have increased the requirement for feed grains leading to increased fertilizer usage. Vegetables and fruits constitute about 27% of the total production and require chloride-free fertilizers for healthy growth. Thus, growing cultivation of vegetables and fruits, especially citrus fruits and melons, is expected to be the prime factor driving the growth of the potassium sulphate market.

Over the last few years, the production of specialized crops has registered a significant growth, primarily driven by the population growth and changing consumer preference for healthier diets. Increase in production of such specialized crops is expected to drive the demand for potassium sulphate market over the forecast period.

Lucrative Growth Opportunities in Asia Pacific and Middle East & Africa

Developing regions, such as Asia Pacific, Middle East & Africa, and Latin America are slated to witness strong growth during the forecast period. Agriculture-based economies, focus on boosting agricultural output, and countries with low percent of arable land to total land make the regions of Asia Pacific and the Middle East & Africa prominent markets for potassium sulphate. Countries in North Africa & Central Africa present a wide opportunity for the usage of potassium sulphate as a fertilizer to boost agricultural production and reduce dependability on food imports in the region.

In developed regions such as North America and Europe, potassium sulphate is gaining traction for its exceptional performance and less toxic effects, especially in dry conditions. Owing to the growing preference for high value fertilizers, North America and Europe are expected to be potential markets for potassium sulphate.

Fruit and Vegetable Cultivation to Remain Prominent Application Area

The global potassium sulphate market has been classified on the basis of product form type and application, along with regions.

  • Based on form, granular form of potassium sulphate remains a prominent choice, and is anticipated to hold a more than half of the global potassium sulphate market share throughout the forecast period. The demand for granular form is mainly driven by its cost-effective nature as well as various attributes such as optimum amount of potassium and sulphur content.
  • Growing application of potassium sulphate in fruit crop is expected to contribute a major share to the manufacturers’ bottom lines. Collectively, fruits, vegetables, and tree nut segments are expected to hold ~70% of the total value share. In the recent years, people are becoming more and more health conscious and thus, consuming more fruits, tree nuts and, green vegetables, which in turn, is driving the demand for potassium sulphate.

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Potassium Sulphate Market: Manufacturer Insights

According to the FMI analysis, the global potassium sulphate market is moderately consolidated with some of the global players holding prominent share in the global potassium sulphate market.

The global potassium sulphate market’s players are

  • Compass Minerals International, Inc.
  • K+S AG
  • Sesoda Corp.
  • Tessenderlo Group
  • SQM (Sociedad Quimica y Minera de Chile SA)
  • United Co. RUSAL Plc.
  • SDIC Xinjiang Luobupo Potash Company Limited
  • Yara International ASA
  • Migao Corporation
  • Kemira Kemi AB (Part of Kemira Oyj)
  • The Mosaic Company
  • China Ching Shiang Chemical Co. Ltd.

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

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Global Salivary Gland Infection Treatment Market to Surge to US$ 12,300 Million by 2033

Salivary Gland Infection Treatment Market
Salivary Gland Infection Treatment Market

The global market for salivary gland infection treatment is projected to experience significant growth, anticipated to reach a valuation of US$ 12,300 million by 2033, from US$ 5054.79 million in 2023. This marks a robust compound annual growth rate (CAGR) of 9.3% over the forecast period. Such an optimistic outlook is primarily attributed to the increasing incidence of salivary gland infections and the enhanced availability of effective pharmaceuticals.

Between 2018 and 2022, the market recorded a steady CAGR of 5%, laying a solid foundation for the forthcoming surge in demand for treatments. Key factors propelling this growth include rising awareness about oral hygiene, advancements in medical diagnostics and treatment options, and the global prevalence of underlying conditions that predispose individuals to salivary gland infections.

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Poor oral hygiene, specific underlying health conditions, and the use of certain medications have been identified as critical contributors to the heightened risk of developing salivary gland infections. This acknowledgment has spurred a significant uptick in the demand for innovative and effective treatment solutions. Healthcare providers and pharmaceutical companies are increasingly focused on developing and distributing products and services aimed at diagnosing, treating, and managing these infections efficiently.

The global salivary gland infection treatment market is at the cusp of a transformative phase, fueled by a combination of technological advancements, improved access to healthcare, and an overarching emphasis on preventive oral care. As the market continues to evolve, stakeholders across the healthcare spectrum are poised to witness substantial opportunities for growth and development in the realm of salivary gland infection treatment solutions.

Key Takeaways from the Market Study:

  • The global Salivary gland infection treatment market is expected to grow with 9.3% CAGR during 2023 to 2033.
  • By treatment, medication is expected to hold 55% of the market share in 2023 for Salivary gland infection treatment market.
  • North America is expected to possess 49% market share for Salivary gland infection treatment market in 2023.
  • Europe Salivary gland infection treatment market size is expected to possess 43% market share in 2023.

“With a growing awareness of the importance of oral health and an increasing incidence of salivary gland infections, this market is poised for continued growth and innovation in the years to come.” states an FMI analyst

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Competitive Landscape:

Key players in the salivary gland infection treatment market are AbbVie Inc., Allergan, AstraZeneca, FUJIFILM Holdings Corporation, GlaxoSmithKline plc., Johnson & Johnson Services, Merck & Co., Inc., Pfizer Inc., Siemens Healthcare GmbH and Novartis AG

  • Pfizer Inc, a key player in the salivary gland infection market is focusing on investing in research and development for testing medications under clinical trials.
  • Siemens Healthcare GmbH, another key player in the salivary gland infection market is focusing on commercializing medications owing to the commonality of the ailment.

Key Segments Profiled in the Salivary Gland Infection Treatment Industry Survey:

Diagnosis:

  • MRI
  • CT Scan
  • PET Scan
  • Endoscopy
  • Biopsy

Treatment:

  • Medication
  • Surgery

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

End Users:

  • Hospitals
  • Clinical Laboratories
  • Ambulatory Surgical Centres

Region:

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

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About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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Construction Polymer Market Boom: Poised to Reach US$ 472.4 Billion by 2033

Construction Polymer Market
Construction Polymer Market

The global construction polymer market is expected to value US$ 244.7 billion in 2023 and is anticipated to reach US$ 472.4 billion by 2033 while capturing a CAGR of 6.8% from 2023 to 2033.

The continuous expansion of the construction sector is anticipated to create demand for innovative and eco-friendly construction materials, thereby fueling the growth of the construction polymer market. Modern infrastructure demands superior, durable, and suitable construction materials.

As an engineering material, construction polymers have gained significant importance. They serve as essential building blocks in the construction of engines, vehicles, household articles, and buildings. Additionally, the global demand for construction polymers is positively influenced by factors such as abundant raw material availability, inherent properties, and versatile processing methods.

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Construction polymers find extensive applications in various areas, including road construction, roofing, foundations, and paneling. Additionally, they are utilized in glazing sealants, bridge bearings, waterproof membranes, flooring, and more. Also, the remarkable benefits of construction polymers are difficult to overlook, making a significant impact across numerous sectors.

Both developed and emerging countries are heavily investing in infrastructure development, city connectivity, and establishing new regulatory frameworks to foster better growth. As a result, these countries are expected to offer numerous opportunities, contributing to the flourishing of the construction polymers market in these regions.

The rising importance of construction polymers as a crucial raw material in constructing green buildings has led governments to take initiatives toward promoting green building projects. This proactive approach is expected to drive significant growth in the construction polymers market worldwide.

In recent years, green structures have gained increasing preference over traditional ones. The building industry utilizes polymers to enhance energy efficiency. Further, the growing demand for green buildings is driven by factors such as:

  • Reduced operating costs,
  • Improved air quality
  • Renewable energy adoption,
  • Efficient energy, and water utilization
  • Light loads on metal structures compared to conventional buildings

Social factors like fostering a sense of community, promoting occupant health and well-being, and encouraging sustainable business practices further contribute to the growth of green buildings.

Plastics play a key role in numerous green building applications, such as pipes, windows, floors, roofs, insulation, and fire sprinklers. With the growing demand for green buildings, the market for construction polymers is projected to experience substantial growth in the forecast period.

Plastics possess several qualities that make them highly sought-after for green buildings, including excellent corrosion resistance, easy installation, lightweight, and durability, ease of transport and handling, and high-temperature resistance.

Key Takeaways

  • The market in North America is expected to account for over 16.1% market share in 2023.
  • Based on polymer type, the demand for polyvinyl chloride polymers is expected to rise with a CAGR of 7% during the forecast period.
  • By end-use, commercial real estate, and housing real estate combined are expected to account for over 65% market share by 2033.

“The continuous expansion of the construction sector and rising initiatives to promote green building projects is expected to bode well for market growth,”- comments an FMI Analyst”

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Competitive Landscape

The construction polymer market is highly competitive, with key industry players making substantial investments to enhance their manufacturing capabilities.

Innovations in the Construction Polymer Market

  • In May 2021, Arkema finalized a deal to acquire Agiplast, a prominent plastic compounding company.
  • In April 2021, Arkema announced its intention to start manufacturing its leading high-performance polymers, Rilsan polyamide 11 and Amino 11, at a new plant on Jurong Island, Singapore, in the first half of the following year.
  • B. Fuller made an announcement in June 2021 regarding the signing of a distribution agreement with Jubilant Agri and Consumer Products Limited (JACPL), which is a wholly-owned subsidiary of Jubilant Industries Limited.

Construction Polymer Market Top Players

  • H.B Fuller Company
  • Momentive Performance Materials Inc.
  • Evonik Industries AG
  • Solvay SA
  • Arkema S.A.
  • E.I Dupont De Nemours and Company
  • SCG Chemicals Co., Ltd.
  • Croda International Plc
  • Henkel AG & Co. KGaA
  • Sika AG
  • 3M Company
  • Polyone Corporation
  • BASF SE
  • Formosa Plastics Corp

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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The Coolest Investment in Oceania: The Commercial Ice Machine Market Chills Its Way to US$ 133.9 Million by 2033

Oceania Commercial Ice Machine Market
Oceania Commercial Ice Machine Market

The Oceania commercial ice machine market is heating up, but the product itself is keeping things cool. Projected to reach a staggering US$ 133.9 million by 2033, with a steady CAGR of 5.1%, this market presents a frosty opportunity for industry leaders. Here’s why you should take notice:

Catering to a Booming Food and Beverage Industry:

  • Fast Food Frenzy: The rise of fast food chains, fueled by hectic lifestyles and disposable income, is driving demand for ice machines. These machines are crucial for storing perishable food items and keeping beverages chilled.

  • Restaurant Reliance: Leading fast food chains like McDonald’s, Subway, and Starbucks rely heavily on ice machines to meet customer demands during peak hours. Investing in this market allows you to partner with these industry giants.

  • Self-Service Solutions: The growing trend of self-service protocols in restaurants creates a need for readily available ice. This is where user-friendly commercial ice machines come into play.

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Beyond Food Service: A Broader Market Reach

  • Healthcare Hero: Ice machines play a vital role in the healthcare sector. They are used for cold compression therapy, organ and tissue transplantation, and storing biological samples.

  • Sustainability in the Spotlight: The healthcare industry prioritizes energy efficiency. By offering sustainable and energy-efficient ice machines, you can cater to this growing demand and minimize environmental impact.

  • Research Reliable Partner: Biochemistry, biotechnology, and research labs rely on ice machines for storing and transporting biological samples. Offering reliable and efficient machines positions you as a trusted partner in these critical fields.

A Decision Maker’s Icy Advantage:

  • Partner with Industry Leaders: Tap into the growth of the food and beverage industry by providing essential equipment to major fast food chains and restaurants.

  • Expand Your Healthcare Reach: Offer solutions that cater to the specific needs of hospitals, clinics, and research labs, expanding your market reach beyond traditional food service.

  • Embrace Sustainability: Become a leader in eco-friendly practices by offering energy-efficient ice machines, appealing to environmentally conscious customers and aligning with industry trends.

The Oceania commercial ice machine market is a cool investment opportunity. By providing reliable, efficient, and sustainable ice machines, you can ensure your business stays ahead of the curve and keeps things chilled for years to come.

Key Takeaways from the Oceania Commercial Ice Machine Market Study

  • Beverage service by end use segment dominated the Oceania commercial ice machine market with a revenue share of 4% in 2022.
  • By condensing unit, air cooled segment generated Oceania commercial ice machine market share of 9% in 2022.
  • By machine type, the under counter ice maker sub-segment would hold a significant share of more than 35% by 2033.
  • Based on ice type, the ice cube segment would generate the lion’s share from 2023 to 2033.
  • The Oceania commercial ice machine market registered a CAGR of 5% between 2018 and 2022.

“To keep up with high demand, manufacturers are developing advanced products in a variety of categories. Introduction of energy and water efficient ice makers would propel the market.” – says an analyst.

Competitive Landscape: Oceania Commercial Ice Machine Market

Industry participants are practicing different growth strategic initiatives. They want to expand their product/service portfolio and enhance their footprint. Their strategies include contractual agreements, mergers & acquisitions, and collaborations.

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For instance,

  • Hoshizaki Corporation is a well-known ice machine company. It is dedicated to improving people’s lives through world-class ice making services and solutions. In 2022, Hoshizaki acquired rival ice maker Brema Group. The acquisition was made through the European subsidiary named Hoshizaki Europe Holdings. It aims to make it ‘Europe’s number one manufacturer of commercial ice machines.’

Key players present in the target market are:

  • Hoshizaki, Ali Group S.r.l.
  • Brema Ice Makers
  • Berkshire Hathaway, Inc.
  • Electrolux Professional
  • Vogt Ice
  • Stuart Ice Makers
  • Manitowoc
  • Follett Products, LLC
  • Bromic Group Pty Ltd (Bromic Refrigeration)
  • Polar Refrigeration
  • Icetro Co. Ltd.

Get More Valuable Insights into the Oceania Commercial Ice Machine Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Oceania commercial ice machine market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the Oceania commercial ice machine by machine type (modular, free-standing), by end use (hotels & restaurant, beverage service, cafeteria, commercial canteens & catering, healthcare facilities, food carts/food trucks, ice cream outlets, convenience stores, on-the-go restaurants, fast food restaurants), by ice capacity (above 1500 lbs, 500 to 1500 lbs, 50 to 500 lbs, 0 to 50 lbs), by condensing unit (water cooled, air cooled, remote air cooled), and country.

About Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the consumer product industry, the team is happy to help with every business intelligence research and consulting requirement.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Global Sandhoff Disease Therapeutics Market to Witness Notable Expansion, Forecasted to Reach US$ 17.91 Million by 2033

Sandhoff Disease Therapeutics Market
Sandhoff Disease Therapeutics Market

In a comprehensive analysis released by Future Market Insights, the global sandhoff disease therapeutics market is projected to undergo significant growth. According to the study, the market, which is poised to accumulate a value of US$ 10 million by the end of 2023, is expected to reach a remarkable valuation of US$ 17.91 million by 2033. This growth trajectory corresponds to a compound annual growth rate (CAGR) of 6% during the forecast period spanning from 2023 to 2033.

Sandhoff disease is a rare genetic disorder, affecting approximately 1 in 1,000,000 individuals globally. It is characterized by the accumulation of certain fats in the brain and other organs, leading to progressive neurological damage. Despite its rarity, the demand for effective treatments for Sandhoff disease is on the rise, underscoring the urgent need for research and development in this field.

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The anticipated expansion of the Sandhoff disease therapeutics market is largely attributed to increasing investments in healthcare research, coupled with a growing awareness of rare diseases. Moreover, the pressing demand for innovative treatment options is expected to catalyze the development of novel therapeutics, thereby propelling market growth over the coming decade.

Industry experts predict that the advancement of new therapeutic approaches, including gene therapy and enzyme replacement therapies, will play a pivotal role in addressing the unmet needs of patients suffering from Sandhoff disease. These innovations are poised to not only enhance the quality of life for affected individuals but also to extend survival rates significantly.

As the global healthcare community continues to focus on rare diseases, the Sandhoff disease therapeutics market stands at the forefront of significant breakthroughs that promise to transform patient care. Stakeholders across the healthcare spectrum, from pharmaceutical companies to research institutions, are encouraged to engage in collaborative efforts to accelerate the pace of therapeutic development and bring hope to families affected by this devastating condition.

Key Takeaways from the Market Study:

  • From 2018 to 2022, the Sandhoff disease therapeutics market grew at a CAGR of 4%.
  • The global Sandhoff disease therapeutics market is expected to grow with a 6% CAGR during 2023 to 2033.
  • As of 2033, the sandhoff disease therapeutics Market is expected to reach US$ 17.91 Million.
  • According to the FMI analysis, hospitals account for the largest market share.
  • North America is expected to possess 40% market share for the Sandhoff Disease Therapeutics market.
  • The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a share of 20%.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Sandhoff disease therapeutics.” says an FMI analyst

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Market Competition:

Key players in the market include pharmaceutical companies such as Bioasis Technologies Inc, Nuo Therapeutics Inc., Sio Gene Therapies, Inc., INTRABIO IRELAND LIMITED, Sanofi, ROIVANT SCIENCES LTD, Azafaros, Polaryx Therapeutics, Abbott Medtronic, and Merck & Co., Inc. along with healthcare providers and technology companies among other global players.

  • In November 2020, Axovant Gene Therapies Ltd., a company developing gene therapies, announced that the FDA has cleared its Investigational New Drug Application to start a registrational study of AXO-AAV-GM2 gene therapy for Tay-Sachs and Sandhoff diseases.
  • AXO-AAV-GM2 is the first gene therapy to receive IND clearance for these diseases. The FDA letter confirms that all issues related to the clinical hold have been resolved. This marks a significant moment for the GM2 gangliosidosis community and is the second IND clearance for Axovant’s gene therapy pipeline in the last year, with the first being AXO-AAV-GM1 for GM1 gangliosidosis.

More Insights Available:

FMI, in its new offering, presents an unbiased analysis of the global Sandhoff Disease Therapeutics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of Type, Therapy, End-Users and Region.

Key Segments Profiled in the Sandhoff Disease Therapeutics Industry Survey:

Therapy:

  • Gene Therapy
  • Enzyme Replacement Therapy
  • Stem Cell Therapy

Type:

  • Acute infantile Sandhoff disease
  • Subacute juvenile Sandhoff disease
  • Late-onset Sandhoff disease

End-Users:

  • Hospitals
  • Homecare
  • Specialty Clinics

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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
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Market on the Rise: A Look at the US$ 104.92 Billion Construction Chemicals Industry and its Projected Growth

Construction Chemicals Market
Construction Chemicals Market

The construction chemicals market plays a pivotal role in the modern construction industry, revolutionizing the way buildings are designed, constructed, and maintained. These specialized chemicals are used to enhance the performance and durability of construction materials, ensuring the longevity and sustainability of structures. With an increasing emphasis on infrastructure development, urbanization, and environmental consciousness, the construction chemicals market is poised to witness significant growth in the coming years.

The construction chemicals market encompasses a wide range of products, including concrete admixtures, waterproofing compounds, adhesives, sealants, protective coatings, and repair and rehabilitation products. These chemicals cater to various segments, such as residential, commercial, industrial, and infrastructure development projects. They address critical challenges faced during construction, such as enhancing concrete strength, improving workability, reducing water permeability, and providing resistance to chemicals, weather, and abrasion.

According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

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Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways 

  • The construction chemicals market is likely to have a CAGR of 6.7% during the forecast period.
  • According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals market.
  • North America holds a significant share in the global construction chemicals market.
  • Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
  • During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
  • The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

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Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

Recent Developments

  • In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
  • With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

Construction Chemicals Market Key Players

  • GCP Applied Technologies
  • SIKA AG
  • The DOW Chemical Co.
  • RPM International Inc.
  • Ashland Inc.
  • MAPEI
  • Akzo Nobel NV
  • Arkema SA
  • Fosroc
  • Pidilite Industries
  • Covestro AG
  • Henkel AG & Co. KGaA
  • HB Fuller Company
  • Lanxess AG
  • The 3M Company

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:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Sunroof Market Set to Reach US$ 21.09 Billion by 2033

The automotive sunroof market share is likely to hold a valuation of US$ 21.09 billion by 2033. As of 2023, the market value is US$ 7.42 billion. As the automobile industry grows, the automotive sunroof market is expected to expand at a CAGR of 11% from 2023 to 2033.

The Automotive Sunroof Market is experiencing robust growth driven by several factors, including the increasing demand for premium and luxury vehicles, advancements in sunroof technology, and growing consumer preference for vehicles with enhanced comfort and convenience features. Sunroofs are popular automotive features that provide natural light, ventilation, and a sense of openness to the vehicle’s interior, enhancing the overall driving experience for passengers.

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One of the primary drivers of this market is the rising demand for premium and luxury vehicles equipped with advanced comfort and convenience features, including panoramic sunroofs, moonroofs, and retractable hardtops. Sunroofs are often considered a desirable option for consumers seeking a luxurious and enjoyable driving experience, leading to their widespread adoption in high-end vehicle segments.

Moreover, advancements in sunroof technology, such as electrically operated sunroofs, panoramic glass roofs, and solar-powered sunroofs, are driving innovation in the automotive sunroof market. These technological advancements offer improved functionality, convenience, and aesthetics, allowing automakers to differentiate their vehicles and attract customers with innovative sunroof designs and features.

Furthermore, the growing emphasis on vehicle customization and personalization is fueling demand for vehicles with optional sunroof packages and customizable sunroof configurations. Consumers are seeking vehicles that reflect their individual style and preferences, driving automakers to offer a wide range of sunroof options, sizes, and styles to cater to diverse customer preferences and market segments.

Key Takeaways from the Automotive Sunroof Market Report

  • The automotive sunroof market is expected to grow at an 11% CAGR over the forecast period from 2023 to 2033.
  • Electric sunroofs dominate the global automotive sunroof market, with an overall revenue share of 90%.
  • When it comes to type, in-built sunroofs capture a significant share of 60% of the global automotive sunroof market.
  • India is the leading market for automotive sunroofs, with a remarkable growth rate of 13.30% from 2023 to 2033.
  • India is followed by Australia and New Zealand (11.80%), China (11.90%), and Spain (11.00%) in terms of automotive sunroof market growth.

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Competitive Analysis of the Automotive Sunroof Market

In the competitive landscape of the global automotive sunroof market, key players are focusing on technological integration and sustainability. These companies recognize the importance of incorporating advanced features and eco-friendly solutions to meet consumer demands. Due to the presence of numerous international players, the market for automotive sunroofs remains a challenging environment for smaller players to navigate and establish themselves.

Key Companies in the Automotive Sunroof Market

  • Webasto Group
  • Aisin Corporation
  • Inalfa Roof Systems
  • Yachiyo Industry
  • Inteva Products
  • Yutani Gaunjia (Mobitech)
  • Magna International
  • CIE Automotive
  • BOS GMBH & CO. KG
  • Signature Automotive Product

Key Segments in the Automotive Sunroof Industry

By Sunroof Type:

  • In-Built
  • Panoramic
  • Folding
  • Pop-Up
  • Others

By Operation Type:

  • Electric
  • Manual

By Material Type:

  • Glass
  • Fabric

By Vehicle Type:

  • Passenger Car
  • Compact Car
  • Mid-Sized Car
  • Luxury Car
  • SUVs
  • Light Commercial Vehicle

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

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


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Automotive Load Floor Market Expected to Reach US$ 3.2 Billion by 2033 with 7.17% CAGR Growth

The Automotive Load Floor Market Share is likely to reach a valuation of US$ 1.6 billion in 2023. According to FMI analysis, the market is predicted to thrive at a 7.17% CAGR from 2023 to 2033 and is anticipated to value at US$ 3.2 billion by the end of 2033.

The Automotive Load Floor Market is witnessing significant growth driven by several factors, including the increasing demand for versatile cargo management solutions in vehicles, advancements in lightweight materials, and the growing popularity of SUVs, crossovers, and pickup trucks. Load floors are essential components of vehicles’ cargo areas, providing a flat and stable surface for transporting goods and luggage safely and efficiently.

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One of the primary drivers of this market is the rising demand for flexible and adaptable cargo management solutions in vehicles to meet the diverse needs of consumers. Load floors offer convenience and functionality by providing a secure platform for organizing and securing cargo, preventing items from shifting or sliding during transit, and maximizing the use of available cargo space.

Moreover, advancements in lightweight materials such as composite materials, aluminum alloys, and high-strength plastics are driving innovation in the automotive load floor market. These lightweight materials offer benefits such as reduced vehicle weight, improved fuel efficiency, and enhanced payload capacity without compromising on strength, durability, or performance.

Furthermore, the growing popularity of SUVs, crossovers, and pickup trucks, which are often used for recreational activities, outdoor adventures, and hauling large cargo, is fueling demand for vehicles equipped with versatile and durable load floors. Consumers are seeking vehicles with customizable cargo areas and innovative storage solutions to accommodate their active lifestyles and transportation needs.

Key Takeaways from the Market Study

  • Anticipation of electric vehicles and passenger automobiles is said to expand at a CAGR of 5%.
  • The United States is expected to hold 66.33% of the automotive load floor market.
  • North America is considered to hold a value share of 68.2%.
  • China is accounted to expand at a CAGR of 9.2% in the automotive load floor market over the assessment period.
  • Sales in India have anticipated to secure a value share of 8.45%.
  • Based on material type, the composites segment is projected to create a value share of 77% over the assessment period.
  • Based on application type, sales in the load floor systems segment are estimated to account for 43% of the total market.

“Boost in transportation capacity without the dilution of capital investments is considered to be one of the significant adoptions for increasing the sales of the automotive load floor market”, comments a Future Market Insights analyst.

Competitive Scenario:

The industry consists of substantial several leading market players. Research and development to introduce environmentally-friendly product lines form the core aspect of these manufacturers. In addition, other expansion strategies, including collaborations, mergers & acquisitions, and seeking regulatory approvals, are also relied upon.

Leading Players Operating in the Global Market

  1. ABC Technology
  2. Gemini Group, Inc.
  3. Woodbridge
  4. CIE Automotive
  5. ASG Group Associates Ltd
  6. SA Automotive
  7. DS Smith
  8. Applied Component Technology
  9. Nagase America Corporation
  10. IDEAL Automotive GmbH

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Key Segments Covered in Automotive Load Floor Industry Analysis

Material Type:

  • Hardboard
  • Fluted Polypropylene
  • Honeycomb Polypropylene
  • Composites

Application:

  • Interior Systems
  • Cargo Systems
  • Load Floor Systems

Operation:

  • Fixed
  • Sliding

Vehicle Type:

  • Compact
  • Mid-Size
  • Luxury
  • SUV
  • LCV
    • Mini-Bus
    • Van

Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

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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Revolutionary Advances in Brain Tumor Drugs Market Projected to Reach US$ 6.30 Billion by 2033

Brain Tumor Drugs Market
Brain Tumor Drugs Market

In a groundbreaking development that promises new hope for patients worldwide, the global brain tumor drugs market is set to undergo significant growth, with projections indicating a robust 9.2% CAGR from 2023 to 2033. According to recent analyses, the market value is anticipated to surge from US$ 2.65 billion in 2023 to an impressive US$ 6.30 billion by the end of 2033.

This remarkable expansion is fueled by cutting-edge advancements in nanotechnology, which have revolutionized the delivery of drugs to combat brain tumors. Utilizing nanoparticles, medications are now being administered directly to cancer cells or tumors with unprecedented precision. This innovative approach not only reduces the required dosage of medication but also extends the shelf life of treatments and significantly diminishes toxicity levels.

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A critical breakthrough has been achieved in overcoming the blood-brain barrier, a formidable obstacle in the treatment of brain tumors. Historically, this barrier has made it challenging to deliver therapeutic agents effectively. However, recent successes with a select few nanodrugs have demonstrated their ability to cross this barrier, marking a significant milestone in brain tumor therapy.

The global brain tumor drugs industry, a crucial segment of the pharmaceutical sector, is dedicated to the development and dissemination of treatments for brain tumors. These abnormal cell growths within the brain, whether benign or malignant, pose a range of symptoms and can be life-threatening. The progress in this field not only highlights the innovative strides being made in medical research but also offers renewed hope to patients and their families facing the challenges of brain tumor diagnoses.

As we look towards a future where brain tumors can be treated more effectively and with fewer side effects, the focus remains on continued research and development within the global brain tumor drugs market. This growth not only represents a significant leap forward in medical science but also underscores the importance of investment and support in the ongoing battle against brain tumors.

Key Takeaways:

  • The brain tumor drugs market is expected to record a CAGR of 9.2% during the forecast period 2023 to 2033.
  • The primary drivers of the market are an increase in brain cancer prevalence, the presence of promising pipeline candidates, and an increased need for precision and customized treatment to drive market expansion.
  • North America dominated the brain tumor drugs market.

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Key Development in the Brain Tumor Drugs Market:

  • April 2021 – MindMed and Nextage Therapeutics signed a Memorandum of Understanding (MOU) to maximize the administration of selected psychedelic drug candidates using Nextage’s unique Brain Targeting Liposome System (BTLS) delivery technology.
  • March 2021 – Roche and GenMark Diagnostics signed a comprehensive merger agreement for Roche to entirely acquire GenMark for US$ 24.05 per share in an all-cash transaction.
  • September 2022 – F. Hoffmann-La Roche Ltd. announced an agreement to acquire Good Therapeutics. With this acquisition, the firm gains access to Good Therapeutic’s platform technology, which is relevant to a wide range of sectors such as cancer, autoimmune illnesses, metabolic disease, and pain management.
  • June 2022 – Novartis AG received the United States FDA approval for Tafinlar + Mekinist for the treatment of paediatric and adult patients with solid cancers containing the BRAF V600E mutation. BRAF mutations are responsible for tumor growth in over 20 different tumor types, including brain, thyroid, and others.
  • November 2021 – Pfizer Inc. purchased Trillium Therapeutics, a clinical-stage immuno-oncology startup focused on creating novel cancer medicines.

Competitive Landscape:

Prominent Participants in the Market:

  • AstraZeneca plc
  • Johnson & Johnson Inc
  • Merck & Co
  • Pfizer Inc
  • Hoffmann-La Roche Ltd
  • Y-mAbs Therapeutics, Inc
  • Shimadzu Corporation
  • Bristol-Myers Squibb
  • Bayer AG
  • Reddy’s Laboratories Ltd
  • Among others

Key Segment:

By Therapy:

  • Targeted Therapy
  • Chemotherapy
  • Immunotherapy
  • Others

By Indication:

  • Pituitary
  • Meningioma
  • Glioma
  • Others

By Distribution Channel:

  • Hospital Pharmacy
  • Retail & Online Pharmacy

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube