Market Research Blog – Page 3054 – New Product Development

Global Ocular Drug Delivery System Industry is predicted to reach US$ 31,410.2 Million by 2033, at a CAGR of 6.9% | FMI Report

The Global Ocular Drug Delivery System Industry is on track for significant growth, according to a recent market analysis by Future Market Insights (FMI). The market is projected to surpass a remarkable US$ 16,159.9 million in 2023 and is expected to climb steadily at a Compound Annual Growth Rate (CAGR) of 6.9% over the next decade, reaching an impressive US$ 31,410.2 Million by 2033.

Ocular drug delivery systems play a crucial role in dispensing drugs, biologics, biopharmaceuticals, and botanical therapeutics for the treatment of various ocular conditions such as macular degeneration, glaucoma, presbyopia, allergy, anti-viral, dry eye, anti-infective, and anti-inflammatory indications.

To address the challenges posed by ocular drug delivery barriers and enhance ocular bioavailability, a range of conventional and novel drug delivery systems have been developed. These include ointments, emulsions, suspensions, aqueous gels, Nano micelles, liposomes, and in situ thermosensitive gels, all tailored for the treatment of the aforementioned ocular diseases.

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Glaucoma is the second-leading cause of blindness worldwide, accounting for up to 8% of total blindness. In India, glaucoma is the leading cause of irreversible blindness with at least 12 million people affected and nearly 1.2 million people blind from the disease. More than 90 percent of glaucoma cases remain undiagnosed in the community.

Thus the high incidence of ophthalmic diseases, resulting in the rise significant patient population, is driving the global ocular drug delivery systems market.

The ocular drug has to pass the water-fat-water membranous structure of the cornea and this changing environment presents a significant barrier. That is why, for almost four decades, researchers have been involved in developing intraocular sustained-release drug delivery platforms.

Owing to the rigorous research studies, approvals for new ocular drug delivery techniques are currently recorded globally. This has helped the market to gain momentum over the last few years.

Key Takeaways from Global Ocular Drug Delivery System Industry Study

Increasing focus on pharmaceutical innovation and research on drug delivery technologies is driving a transition towards particulate drug delivery systems, which will account for over 68% of the market in 2021.
Ophthalmic solution for ocular drug delivery systems is expected to account for 60% of the global market share by 2031.
Among distribution channels, hospital pharmacies accounted for 40% of the market share in 2031. The soaring influx of patients for treatment and the availability of intensive care support has propelled the demand in the segment.
North America holds the maximum share, owing to the presence of Tier 1 players, high per-capita healthcare expenditure, and favorable reimbursement policies in the region.
The U.S. holds a more than 44% share in the global ocular drug delivery systems market.
The U.K. and Germany are leading markets in Europe, accounting for more than 41% of the Europe market in 2021.
South Korea is the fastest-growing market in East Asia, exhibiting a 10.3% CAGR through 2031.

“Increasing prevalence of eye infections, innovation in drug delivery technologies, and rising clinical trials are creating lucrative growth opportunities for ocular drug delivery system sales,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Increase in Funding for Research Activities Offers Growth Opportunities

Leading manufacturers in the Global Ocular Drug Delivery System Industry are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research of pharmaceutical products.

For instance, In April 2017, Santen Pharmaceuticals announced a strategic investment in Regenerative Patch Technologies LLC, a U.S.-based company engaged in the development of ophthalmic therapies.

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Pharmaceutical giants are expected to benefit from the globalization of labor forces, that is, the employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

Who is Winning?

The global market is set to expand due to the rising prevalence of eye infections. Leading players within this space are expected to focus on research and development to offer an early and precise diagnosis of ailment, besides offering effective patient care.

Some of the leading players in the Global Ocular Drug Delivery System Industry include but are not limited to Allergan Plc., Graybug Vision Inc., Ocular Therapeutix, Inc., Alimera Sciences, pSivida, Santen Pharmaceutical Co., Ltd, Taiwan Liposome Company Ltd., Envisia Therapeutics, Eyegate Pharma, Valeant Pharmaceuticals International, Inc, Vision Ophthalmology Group GmbH, Clearside Biomedical, URSAPHARM Arzneimittel GmbH.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global ocular drug delivery systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into the ocular drug delivery systems treatment based on the key indication in detail, covering every aspect of the market such as technology, dosage form, and distribution channel across seven major regions.

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Global Ocular Drug Delivery System Industry by Category

Technology

Implantable Ocular Drug Delivery Systems
Particulate Drug Delivery Systems
Nano-Particle Drug Delivery System

Dosage Form

Ophthalmic Solution
Ophthalmic Suspension
Ophthalmic Emulsion
Ophthalmic Gels
Ophthalmic Ointments

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Drug Store
Mail Order Pharmacies

Region

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

Author

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

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

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

About Future Market Insights (FMI)

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

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Global Advanced Empty Capsule Industry is expected to grow at a robust 7.4% CAGR and reach a substantial US$ 1,856.1 Million valuation by 2033 | FMI

According to a recent market analysis, the Global Advanced Empty Capsule Industry is poised for significant growth. The market is expected to generate revenues of US$905.6 million in 2023 and is projected to climb at a healthy Compound Annual Growth Rate (CAGR) of 7.4%, reaching an impressive US$1.856.1 million by 2033.

The industry’s journey has been marked by significant milestones, with demand initially expanding at a commendable market CAGR of 7.3% between 2018 and 2022. However, the forthcoming decade is expected to witness an even more remarkable growth trajectory, driven by several key factors.

The projected surge in demand for advanced empty capsules is primarily attributed to the escalating prevalence of chronic illnesses and an aging population worldwide. Furthermore, the healthcare sector’s relentless pursuit of enhanced treatments, bolstered by increased research and development efforts, further propels the market forward. Technological advancements play a pivotal role in shaping the landscape of the industry. With accelerated technological development and a rising preference for in-home care solutions, the demand for advanced empty capsules is poised to soar to unprecedented heights. Moreover, market revenue streams stand to benefit from the introduction of customized offerings tailored to meet evolving consumer needs and preferences. However, amidst the promising outlook, the industry faces certain challenges that warrant attention. The restricted supply of raw materials necessary for the production of empty capsules emerges as a notable constraint, potentially hindering market growth during the forecast period

Technological advancements play a pivotal role in shaping the landscape of the industry. With accelerated technological development and a rising preference for in-home care solutions, the demand for advanced empty capsules is poised to soar to unprecedented heights. Moreover, market revenue streams stand to benefit from the introduction of customized offerings tailored to meet evolving consumer needs and preferences.

However, amidst the promising outlook, the industry faces certain challenges that warrant attention. The restricted supply of raw materials necessary for the production of empty capsules emerges as a notable constraint, potentially hindering market growth during the forecast period.

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Global Advanced Empty Capsule Industry Key Takeaways

By 2033, the advanced empty capsule market in the United Kingdom is likely to expand, with a CAGR of 5.1%.
By 2033, the advanced empty capsule market in Russia is likely to expand, with a CAGR of 7.3%
The advanced empty capsule was significantly expanding, with a size of US$ 844.2 million in 2022.
In 2022, Europe expanded in the global advanced empty capsule business with a share of 67.5%.
In 2022, Germany expanded significantly in the advanced empty capsule business, with an expected share of 21%.
By 2033, India is projected to expand significantly in the advanced empty capsule, with a share of 7.9%.
In 2023, Australia is likely to develop significantly in the advanced empty capsule sector, with an expected share of 11.9%.
In 2022, the oral capsules segment expanded in the market with a significant share of 89.43% and is expected to hold a top spot in the market regarding product type.
Based on the raw material, the animal source segment dominated the industry in 2022, with a share of 66.58%.

Competitors Winning Strategies

Regional & local businesses and advanced empty capsule start-ups are fiercely vying for market share and promoting innovation for sophisticated empty capsules. Constant quality control, product improvement, new launches, and strategic alliances are vital tactics these businesses use to keep themselves competitive. This is done to meet the rising demand for high-tech empty capsules worldwide.

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Recent Developments in the Global Advanced Empty Capsule Industry:

In May 2022, Capsugel introduced a white firm gelatin capsule devoid of titanium dioxide (TiO2-free), which satisfies the need for such meals in the European Union.
The Sheung brand created EmboCaps® on June 21, 2019. A rigid capsule called the Embocaps®LP+ was designed primarily to store liquids and fine particles. Several gelatin, vegetarian, and delayed-release versions of the Embocaps® LP+ are available.

Key Players from the Global Advanced Empty Capsule Industry:

Capsugel (Lonza)
ACG Worldwide
Medi-Caps Limited
Sunil Healthcare Limited
Roxlor LLC
CapsCanada Corporation
Suheung Co., Ltd.
Bright Pharma Caps
STERIS Plc
Fuji Capsule Co. Ltd.
QUALICAPS

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Global Advanced Empty Capsule Industry Key Segments

By Product Type:

Oral Capsules
- Dry formulation
  - Immediate-release capsules
  - Delayed-release capsules
  - Time-delayed release capsules
  - Acid-resistant capsules
  - Enteric capsules
- Liquid formulation
Inhalation Capsules

By Raw Material:

Animal Source
- Contract Type-A (Pork Skin
- Type-B Gelatin (Animal Bones & Calf Skin)
- Fish Bone Gelatin
Vegetarian-based
- Hydroxypropyl methyl Cellulose (HPMC)
- Starch
- Pullulan

By Capsules Size:

Size “000” Capsules
Size “00” Capsules
Size “0” Capsules
Size “1” Capsules
Size “2” Capsules
Size “3” Capsules
Size “4” Capsules
Size “5” Capsules

By End User:

Pharmaceutical
Nutraceutical & Cosmetic
CROs
CMOs

By Region:

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

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.

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Global Urinary Bag Industry is predicted to reach a valuation of US$2911.7 Million, growing at a 4.4% CAGR By 2033 | FMI

According to a recent market analysis, the Global Urinary Bag Industry is on track for significant growth. The market, valued at an impressive US$1.9 billion in 2023, is projected to climb steadily at a Compound Annual Growth Rate (CAGR) of 4.4% over the next decade, reaching a projected valuation of US$2.9 billion by 2033.

The urinary bag industry has experienced substantial growth and technological advancements in recent years. Urinary Bags play a crucial role in managing urinary incontinence and providing an efficient and hygienic collection of urine.

The increasing prevalence of chronic diseases and the aging population have led to a surge in demand for Urinary Bags, resulting in a competitive market landscape with continuous innovations. The industry’s growth is not only attributed to the rising healthcare needs but also to the evolving technological landscape enhancing product efficiency and patient comfort.

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The emergence of smart and digital solutions has transformed the market. Innovative technologies such as wireless monitoring systems, smart sensors, and mobile applications have been integrated into Urinary Bags. Further, these technologies enable real-time monitoring of urine volume, temperature, and flow rates.

Digital solutions not only enhance patient monitoring but also facilitate remote patient management, reducing the need for frequent hospital visits and improving the efficiency of healthcare delivery.

Access to Urinary Bags can be a challenge, particularly in low-resource settings and developing countries. The availability and affordability of high-quality Urinary Bags may be limited. It may lead to inadequate management of urinary incontinence for patients who cannot afford or access appropriate products. Addressing this challenge requires a focus on affordability, distribution networks, and increasing awareness about the importance of proper urinary care.

Top Highlights from FMI’s Analysis:

In 2022, North America held a value share of 34.5% in the Urinary Bag industry.
The market in Europe accounted for a value share of 28.6% in 2022 on a global level.
By product type, drainage bags held a substantial value share of 52.24% in 2022.
The market value for Urinary Bags reached US$ 1821.0 billion in 2022, with a CAGR of 4.1% from 2018 to 2022.
Based on end-use, the hospitals sub-segment was predicted to account for a 40.2% share in 2022.
The market for Urinary Bags in India is likely to secure a 6.9% CAGR from 2023 to 2033.

How Fierce Is the Competition in the Global Urinary Bag Industry?

The market consists of both established players with a strong market presence and new entrants striving to gain a foothold. Established companies have a competitive advantage due to their brand reputation, extensive distribution networks, and customer loyalty. Moreover, they often have the resources to invest in research and development, marketing, and strategic partnerships.

Companies in the Urinary Bag market engage in strategic partnerships, collaborations, and acquisitions to strengthen their market position and expand their capabilities. These alliances help in leveraging complementary strengths, accessing new markets, and sharing resources, leading to increased competitiveness in the market.

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Ongoing investment in research and development allows companies to develop innovative products, improve existing offerings, and stay ahead of competitors. Companies that invest in research and continuously bring new and improved products to the market have a competitive edge.

Expanding into new geographic regions or targeting niche segments provides opportunities for growth and increased competitiveness. Companies that successfully enter new markets or address specific customer needs, gain an advantage over competitors.

Compliance with regulatory standards and certifications is crucial in the medical device industry, including the market. Manufacturers that meet or exceed regulatory requirements demonstrate their commitment to quality and patient safety, enhancing their competitive position.

Global Urinary Bag Industry Major Players:

Medline Industries, Inc.
Cardinal Health, Inc.
Hollister Incorporated
Teleflex Incorporated
Cook Medical
Moore Medical LLC
Mckesson Medical-Surgical Inc.
Arcus Medical LLc
Urocare
Covidien
Coloplast A/S
Others

Global Urinary Bag Industry Key Segmentation are:

By Product Type:

Drainage Bags
Leg Bags
Large Capacity Bags
Belly Bags

By Capacity:

Less than 500 ml
500 ml
1000 ml
2000 ml
4000 ml

By Usage:

Reusable Urinary Bags
Disposable Urinary Bags

By Patient Age:

Pediatric
Adult

By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Long-Term Care Centers
Home Care

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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)

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Global Ophthalmic Eye Drops Industry is expected to grow at a CAGR of 4.7% to reach US$25.9 Billion By 2034 | FMI

The Global Ophthalmic Eye Drops Industry is on track for continued growth, according to a recent market analysis by Future Market Insights Inc. The market, currently valued at US$17.3 billion in 2024, is projected to reach US$25.9 billion by 2034, registering a Compound Annual Growth Rate (CAGR) of 4.7%.

The driving force behind this remarkable growth is the escalating cases of eye infections, propelling the demand for ophthalmic eye drops. The industry’s steadfast CAGR of 4.2% sets the stage for a thriving market that promises sustained success.

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New eye drop product launches, branded as well as generic, are expected to be hampered in the short term due to disruptions in the supply chain, delayed pipeline research and development, and a shift in the priority of leading healthcare companies to COVID-19 vaccine and treatment developments.

According to the report, institutional sales of ophthalmic eye drops will rise considerably in the coming years. It will account for over half of the ophthalmic eye drops sold through the forecast period.

“Increasing prevalence of eye infections, technological advancements, and high risk of infections from the increasing use of contact lens is expected to boost the growth of the Global Ophthalmic Eye Drops Industry,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Key Takeaways from Global Ophthalmic Eye Drops Industry Study

Ophthalmic eye drops market will expand consistently to surpass a valuation of US$ 15 Bn by 2021
The U.S. holds over 92.1% share of the North American market, but Canada is projected to expand faster at around 4.0% CAGR
Rising cases of eye infection will drive sales in the U.K., enabling it to register 3.9% y-o-y growth in 2021
Rising willingness to spend on advanced eye care will drive sales in Germany and France
Expansion of the healthcare sector will emerge as the chief growth driver in China and Japan. Both countries will exhibit a high demand for dilation drops

Due to their increasingly active lifestyle and desire for better aesthetics, many people are shifting to contact lenses. However, many ocular infections are associated with the use of contact lenses. Each year in the United States, approximately 1 million eye infections occur related primarily to keratitis, a fungal infection of the cornea, and contact lens infections account for estimated direct costs of $175 million. In addition, 40.9 million U.S. adults wear contact lenses, and 99% of 4,269 contact lens wearers reported at least one contact lens–related hygiene behavior associated with an increased risk for eye infection or inflammation. Nearly a million eye infections requiring a trip to the doctor happen each year, many of them related to contact lens use.

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Who is Winning?

The top players are focusing on increasing acquisitions at the regional level. Acquisitions empower the company with products and increase the company’s portfolio. The company acquires other players to possess well-established products and solutions that are expected to become a good revenue source for the acquirer. Acquisitions also enable the company to enter new emerging markets as well as enhance its presence in existing markets. Furthermore, key market players such as Novartis and Gerresheimer AG are focusing on the expansion of their market reach in different regions. For example-

In November 2020, Gerresheimer Regensburg announced that it was expanding its production area in Germany. The company has planned the expansion of its production capacity in small batch production, as a result of increasing development projects for pharmaceutical and medical technology products.
In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited, strengthening its position in the world’s third-largest generics market.

Some of the key market players covered by FMI include Novartis AG, Bausch & Lomb, Akorn, Inc., Biomedica, AdvaCare Pharma, C2 PHARMA, Kraeber GmbH, Iskon Remedies, HANSHIN GROUP, Berry Global Inc., Nolato AB, Bormioli Pharma, WG Pro-Manufacturing Inc., Gerresheimer AG, Adelphi Healthcare Packaging, Aptar Group Inc., and Amcor Plc.

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Global Ophthalmic Eye Drops Industry by Category Drug Class

Anesthetic Drops
Dilation Drops
Glaucoma Drops
Steroid Drops
Antibiotic Drops
Others (Antihistamines, Lubricants Tear Drops)

Indication

Dry Eye
Eye Allergy
Glaucoma
Eye Infection
Retinal Disorders
- Macular Degeneration
- Diabetic Retinopathy
- Others
Uveitis
Others

Drug Formulation

With Preservative
Preservative Free

Container Type

Single Dose Container
Multiple-Dose Container

Distribution Channel

Institutional Sales
- Hospitals
- Community Clinics
- Ophthalmic Clinics
- Public Health Agencies
- Veterinary Hospitals & Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores

Author

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

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Global Sterilants Industry is expected to reach US$4244.1 million by 2033, With a strong 6% CAGR | FMI

According to a recent market analysis, the Global Sterilants Industry is on track for significant growth. Future Market Insights (FMI) forecasts a substantial increase in market size, from US$2,361.627 million in 2023 to an impressive US$4,244.1 million by 2033. This upward trajectory is driven by a robust Compound Annual Growth Rate (CAGR) of 6%, reflecting the positive market momentum anticipated over the next decade.

The forecasted growth of the sterilants market is attributed to a confluence of factors, positioning the industry on a trajectory of substantial expansion. Factors contributing to this significant surge include heightened awareness of sterilization practices across various industries, a growing demand for healthcare services, and continuous advancements in sterilization technologies. The projected 6% CAGR not only signifies market resilience but also showcases an upward trajectory, emphasizing the industry’s ability to capitalize on evolving trends and technological advancements.

Industries and healthcare facilities must follow the sterilization process. In the Global Sterilants Industry, effective and compatible sterilants or sporicidal agents have been demanded due to the increasing incidence of infection transmission through surgical instruments or contaminated surfaces in contact with human skin and tissues.

A major driver of the sterilant market is the growing demand for processed food that uses sterilants to preserve food and protect it from microorganisms. As medical equipment must be sterilized with sterilants such as peracetic acid, the growing healthcare industry also contributes to the growth of the global sterilant market.

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Due to the increasing use of sterilants in agriculture to protect crops, the global sterilant market is expected to grow in the coming years. Furthermore, sterilants such as peracetic acid are environmentally friendly, making them preferred for sterilizing medical equipment; in addition, they leave no toxic residues after application, making them an opportunity for the future.

“The growing demand for sterilized environments (in terms of sterilized surgical instruments and equipment) and surging demand for compatible sterilants have driven opportunities for manufacturers. Strategic acquisitions and collaborations by the manufacturers are leading to high growth of the Global Sterilants Industry in the coming years.” – says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from Global Sterilants Industry Study

The sterilants market is expected to grow at a CAGR of 6% over the forecast period.
It is estimated that the sterilant market in North America will remain strong during the forecast period.
The hospital segment accounted for the highest share of the sterilants market with a CAGR of 4.5%.
Ethylene oxide has the highest revenue share of US$ 605.31 million in 2023 and is expected to rise to an annual revenue of US$ 995.42 million by 2033 with a 5.1% CAGR between 2023 and 2033.
It is expected that the market in the United States will demonstrate a high level of growth by the year 2033.

Global Sterilants Industry Competitive Landscape:

There is a high level of competition in the market as many leading players focus on various market consolidation activities, such as mergers, acquisitions, supply distribution partnerships, and product launches. Manufacturers need to expand their market footprint and provide solutions to their end users. Nowadays, many leading manufacturers offer customized solutions to meet the needs of a variety of end users.

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Several prominent companies dominate the Global Sterilants Industry, including:

3M Company
Steris Plc.
Cantel Medical Corporation
Evonik Industries AG
Arkema S.A.
Thor Group
Metrex Research, LLC
Ecolab Inc.
Solvay SA
LANXESS
Contec, Inc.
OZU Corporation
Cetylite, Inc.
Veltek Associates, Inc.
Whiteley Corporation
Gul Biyoloji Laboratuvari

Global Sterilants Industry Recent Developments:

Astell Scientific launched the latest AstellBio Sink line of Effluent Decontamination Systems (EDS) capable of sterilizing polluted wastewater automatically before releasing it into the sewer system in October 2021. The AstellBio Sink prevents the spread of harmful organisms by deactivating biological agents up to and including level 3.
Earlier this year, Sodexo announced its partnership with Ecolab Inc. to offer the latest infection prevention products and services to healthcare facilities and hospitals across the country. Protecta Plus, Sodexo’s unique program, uses Ecolab’s hydrogen peroxide vapor technology to further reduce the risk of infection.
A high-level disinfectant named Rely+On Virkon was launched by Lanxess in response to a pandemic outbreak in 2020. Hard surfaces and equipment will be highly contaminated, so the product will be highly effective.

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Global Sterilants Industry Segmentation by Category

By Product:

Ethylene Oxide (EtO)
Glutaraldehyde
Hydrogen Peroxide Gas Plasma (HPGP)
Vaporized Hydrogen Peroxide
Immersion and Vapor Phase Peracetic Acid
Others

By Form:

Liquid
Spray

By End-user:

Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Laboratories
Reference Laboratories
Rehabilitation Centers
Long-Term Care Centers
Critical Care Centers
Pharmaceutical & Biotechnology Companies
Academics and Research Institutes
Homecare Settings

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.

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Global Antibiotics Active Pharmaceutical Ingredients (API) Industry is expected to grow at a steady 3.3% CAGR to reach US$ 12,002.3 Million by 2033 | FMI

The Global Antibiotics Active Pharmaceutical Ingredients (API) Industry is anticipated to experience consistent growth in the coming decade, according to industry analysis. The market is projected to reach a substantial value of US$8,653.0 million by the end of 2023 and is expected to climb further to an impressive US$12,002.3 million by 2033. This upward trajectory reflects a steady Compound Annual Growth Rate (CAGR) of 3.3%.

At the heart of this unparalleled growth lies the escalating prevalence of bacterial infections and various infectious diseases on a global scale. The rising number of individuals grappling with these conditions has led to a surge in demand for antibiotic medications, thereby serving as a driving force behind the industry’s expansion.

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The COVID-19 pandemic is anticipated to have a detrimental effect on the market for antibiotic APIs. Several of the biggest pharmaceutical companies, research universities, and biotech companies have been chosen to address the issue. They are now focusing on creating coronavirus vaccines rather than other drugs as a result. Hospital beds are scarce, and several APIs are in short supply.

Due to the rising demand and widespread use of penicillin as a first-line antibiotic therapy to treat various bacterial infections, the penicillin antibiotics segment dominated the antibiotics API market in 2021 with a market share of 51.1%. It is anticipated that pharmaceutical corporations will dominate the end-user market. Through the projected period, they are anticipated to hold more than 77% of the market and continue to dominate.

Key Takeaways from Global Antibiotics Active Pharmaceutical Ingredients (API) Industry Study

The Global Antibiotics Active Pharmaceutical Ingredient Industry market is estimated to be US$ 8.653 Bn in 2023, with the market expected to exhibit a CAGR of 3.3% during the forecast period (2023-2033)
The U.S. holds over 92.1% share of the North American market, but Canada is projected to expand faster CAGR
The U.K. market will showcase steady y-o-y growth at 2.1% in 2021
The demand from Germany and France will rise at a positive rate through the forecast period
Within East Asia China will emerge as a key market, while Japan and South Korea will continue exhibiting steady demand

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“Increasing prevalence of bacterial diseases, extreme use of antibiotics and rising investment in R&D are expected to boost the growth of the Global Antibiotics Active Pharmaceutical Ingredient Industry.” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Rising investment in the R&D sector to develop advanced molecules is the major factor expected to boost the antibiotic API market growth.

For instance, Sandoz, the Novartis biosimilars and generics division, undergoes a joint investment, with the Austrian federal government, to enhance the long-term future of integrated antibiotics manufacturing in Europe.

Key players in the Global Antibiotics Active Pharmaceutical Ingredients (API) Industry are Entering into the Strategic Alliance

The top players are focusing on increasing acquisitions at regional levels. Acquisitions empower the company with products and increase the company’s portfolio. The company acquires well-established products and solutions that are expected to account for good revenue sources for the acquirer. This also enables the company to enter new emerging markets as well as enhance the existing markets.

For instance, in August 2019, Nanjing Dorra Pharmaceutical Technology collaborated with Meitheal Pharmaceuticals, the fully integrated generic injectables company, to elevate the manufacturing capacity of active pharmaceutical ingredients in the region of the U.S. The collaboration enabled Meitheal Pharmaceuticals to invest in Nanjing Dorra Pharmaceutical Technology.

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Who is Winning?

The Global Antibiotics Active Pharmaceutical Ingredient Industry is set to expand its scope in the forecast period, as a result of the rising prevalence of various bacterial diseases, and growing investment in R&D. The antibiotics market is highly competitive and consists of several major players. Pharmaceutical companies are more focused on outsourcing antibiotics API manufacturing due to the involvement of high capital investment in the establishment of Global Antibiotics Active Pharmaceutical Ingredient Industry manufacturing units.

The key market players covered by FMI include Sandoz International GmbH, Centrient Pharmaceuticals, CordenPharma International, ACS DOBFAR SPA, Nanjing Dorra Pharmaceutical Technology Co. Ltd., DAEWOONG PHARMACEUTICAL CO. LTD., Parabolic Drugs Ltd., Penam Laboratories Ltd., ASIATIC DRUGS & PHARMACEUTICALS PVT. LTD., Fresenius Kabi, The United Laboratories International Holdings Limited, Aurobindo Pharma Limited, Unimark Remedies Ltd., Savior Lifetec, Shenzhen Haibin Pharmaceutical Co., Ltd., Sterile India Pvt. Ltd., Zhejiang Jiuzhou Pharmaceutical Co. Ltd., and Kyongbo Pharm, consolidating their positions through mergers, acquisitions and new product launches.

Global Antibiotics Active Pharmaceutical Ingredients (API) Industry by API Type:

API Type

Penicillin Antibiotics
- Ampicillin
- Amoxicillin
- Dicloxacillin
- Penicillin G Sodium
- Benzathine
- Procaine
Cephalosporins
- Cefotaxime
- Ceftriaxone
- Cefuroxime
- Cefalotin
Carbapenem Antibiotics
- Meropenem
- Imipenem
- Ertapenem

End User

Pharmaceutical Companies
Contract Manufacturing Organizations (CMOs)
Contract Development & Manufacturing Organizations (CDMOs)

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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)

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Nandini Singh Sawlani

Global Centrifugal Blood Pump Industry is expected to be valued at US$184.5 Million, growing at a 4.0% CAGR By 2033 | FMI

The Global Centrifugal Blood Pump Industry is on track for continued growth, according to a recent market analysis. The market achieved a significant milestone in 2023, reaching a value of US$124.6 million. This strong foundation positions it for further expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.0% leading it to reach a value of US$184.5 million by 2033.

The industry’s remarkable expansion is a testament to its tenacity, flexibility, and dedication to adopting cutting-edge technologies. It is projected that the years 2023 and 2033 will be revolutionary, marked by developments that will completely reshape the centrifugal blood pump market.

Centrifugal pumps have emerged as key players in this industry, showcasing enhanced blood-handling capacity and notable energy efficiency. Their compact size, lower capital investment, and minimal maintenance costs further contribute to their appeal. The escalating preference for centrifugal blood pumps over roller pumps by hospitals and ambulatory surgical centers, owing to their diverse advantages, is poised to fuel substantial market growth in the years to come.

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Due to the COVID-19 outbreak health care systems are negatively impacted and delivery of medical facilities effectively to all patients has become a huge challenge worldwide. Medical device manufacturers have not escaped the pandemic’s impact. Similar to pharmaceutical companies, medical device manufacturers rely heavily on healthcare facilities for their clinical trial data collection. COVID-19 in the first few months of 2020 has hurt the Global Centrifugal Blood Pump Industry. The massive global lockdown, along with the shutting down of the economies such as China has halted the demand and supply activities. Despite this, hospitals are likely to remain leading end users owing to the advanced infrastructure and expenditure and the presence of well-trained medical staff and advanced facilities.

Key Takeaways from Global Centrifugal Blood Pump Industry Study

The growth forecast for the centrifugal blood pumps market remains strong as it is projected to exhibit a 4% CAGR between 2020 and 2030
U.S. to spearhead growth in North America, accounting for over 90% of centrifugal blood pumps sold
U.K. will showcase marginal yet steady growth of 2.4% CAGR
Germany and France will continue exhibiting a steady rise in demand
JAPAN and Korea to remain strong markets for centrifugal pumps in East Asia

Innovations to Remain Key to Growth

The rising demand for improved cardiac surgery will fuel the demand for centrifugal blood pumps. These pumps have low priming volume and limited contract surfaces, which make their applications ideal for certain conditions. Besides this, companies are increasingly focusing on technological innovations, which has led to the advent of lightweight centrifugal seamless blood pumps with unique spherical thrust bearings.

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These pumps also show the least blood trauma during cardiac surgery in comparison to other pumps available in the market, including roller pumps. Advances in various cardiac assist devices to curb the incidence of adverse healthcare occurrences will continue creating growth prospects for the market.

Key Companies Profiled in the Global Centrifugal Blood Pump Industry:

Medtronic Plc
Thoratec Corporation (Abbott)
Terumo Corporation
Qura Srl
Braile Biomedica Ltd.
LivaNova, PLC
XENIOS AG (Fresenius Medical Care Company)
Getinge AB

Why Future Market Insights?

Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years

Ground-breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Global Centrifugal Blood Pump Industry Key Segments:

Motor

Electronic
Mechanical

End User

Hospitals
Specialty Clinics
Ambulatory Surgical Centers

Region

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

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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)

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Nandini Singh Sawlani

Unbleached Softwood Kraft Pulp Market Pulp-its Way to US$ 2.3 Billion by 2033, Driven by Sustainability and E-commerce

The global unbleached softwood kraft pulp market is poised for sustainable growth, with a projected valuation of US$ 2.3 billion by 2033, according to a recent industry analysis by Future Market Insights (FMI). This signifies a significant increase from US$ 1.48 billion in 2023, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.6%.

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Unbleached Kraft Pulp: A Sustainable Packaging Hero

The market growth is attributed to the rising demand for sustainable packaging solutions. Unbleached softwood kraft pulp offers an eco-friendly alternative to conventional paper and plastic in various applications, including:

Corrugated Boxes and Cartons: A significant contributor to the market, unbleached kraft pulp is a popular choice for producing strong and lightweight packaging solutions.
Paper Bags and Sacks: The popularity of unbleached sack kraft paper, known for its durability and recyclability, is driving market growth.
Printing and Packaging Applications: Unbleached kraft pulp offers a cost-effective option for packaging and printing applications, particularly when brand awareness is a key objective.

Innovation and Automation Shape the Future

The report also highlights advancements shaping the future of the unbleached softwood kraft pulp market:

AI in Production: Artificial intelligence is poised to revolutionize the industry by enabling the creation of automated and predictive production lines, optimizing efficiency.
Sustainability in Focus: As environmental concerns gain prominence, the market is witnessing a growing preference for lightweight and recyclable packaging solutions made from unbleached kraft pulp.

Consumer Preference for Sustainable Packaging

A key factor driving market growth is the increasing consumer preference for eco-friendly packaging:

Lightweight Paper Packaging Gains Traction: Consumers are increasingly opting for strong and lightweight paper packaging solutions, leading to a projected 5.9% market rise for unbleached softwood kraft pulp by 2030.
Paper and Paperboard Dominate Packaging: Paper and paperboard packaging remain a dominant force in applications like corrugated boxes, bags, and wrapping paper. This continued preference positively impacts the demand for unbleached kraft pulp.

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Price Fluctuations and Market Challenges

The report acknowledges potential challenges in the market:

Impact of Pulp Prices: The price of pulp significantly impacts the cost of end-products like paper and paperboard. Rising pulp prices due to high demand and trade conflicts can pose challenges for market stability.

Sustainability Drives Demand for Paper and Pulp

Despite these challenges, the market outlook remains positive due to several factors:

Plastic Alternatives: Stringent regulations and environmental concerns are driving the replacement of plastic packaging with sustainable alternatives like paper-based solutions made from unbleached kraft pulp.
E-commerce Boom: The flourishing e-commerce industry creates a significant demand for sustainable packaging solutions for product shipment, further fueling the demand for unbleached kraft pulp.
Food Packaging Trends: Growing public interest in paper-based food packaging solutions for restaurants and packaged goods is creating new opportunities for the unbleached kraft pulp market.

A Sustainable Future for Packaging

The unbleached softwood kraft pulp market presents a promising future driven by sustainability concerns, e-commerce growth, and consumer preference for eco-friendly packaging. By embracing innovation and focusing on sustainable practices, market players are well-positioned to capitalize on the vast potential within the unbleached softwood kraft pulp landscape.

Key players

Stora Enso Ovi.
Canfor Corporation
Ahlstrom-Munksjo
Nippon Paper Industries Co., Ltd
Domtar Corporation
Arauco North America, Inc.
Ilim Group
Rottneros AB
Port Townsend Paper Company

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Key Segments

By Product Type:

Northern
Southern
Others

By Grade:

Chemical Pulp
Mechanical Pulp
Other Pulp

By Application:

Printing and Writing
Newsprint
Packaging
Corrugated Boxes
Cartons
Liners
Bags and Sacks
Wrapping
Other Packaging Products
Tissue & Toilet Paper
Others

By End-use:

Packaging
- Food and Beverages
- Building and Construction
- Agriculture and Allied Industries
- Chemicals
- Cosmetics and Personal Care
- Electrical & Electronics
- Other Consumer Goods
Non-Packaging

By Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Future Market Insights Inc.
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Breathable Films Market Set to Soar: Reaching US$ 4.2 Billion by 2033, Fueled by Versatile Applications in Hygiene and Construction

The global breathable films market is poised for steady growth, with a projected valuation of US$4.2 billion by 2033, according to a recent industry analysis. This signifies a significant increase from US$2.9 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 3.8%.

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Breathable Films: A Breath of Fresh Air for Diverse Applications

Breathable films are cost-effective polymer-based solutions that excel at moisture control. They play a vital role in various applications demanding breathability, including:

Hygiene Products: Feminine hygiene products, adult incontinence supplies, and diapers all benefit from the breathability offered by these films.
Medical Applications: Breathable films find use in surgical drapes, ensuring a sterile environment while maintaining comfort.
Food Packaging: Breathable films help extend the shelf life of food products by regulating moisture content.
Building and Construction: Breathable films are increasingly utilized in roofing membranes, promoting proper ventilation and preventing moisture buildup.

Market Drivers Propelling Growth

Several factors are fueling the expansion of the breathable films market:

Thriving Building and Construction Industry: The flourishing construction sector, coupled with the rising demand for innovative food packaging solutions, is expected to accelerate market growth.
Enhanced Product Features: Breathable films offer a compelling combination of benefits, including superior processability, a wide range of breathability levels, extended shelf life, UV stability, and exceptional dispersion.
Sustainable Diaper Solutions: Growing environmental concerns and the increasing awareness of proper baby hygiene are driving the adoption of breathable films in biodegradable diapers, minimizing waste and pollution.
Aging Population and Adult Incontinence: The rising geriatric population with obesity prevalence is contributing to the growing demand for adult incontinence products, which utilize breathable films for comfort and hygiene.
Real Estate Boom: Increased investments in real estate projects are expected to positively influence the adoption of breathable films in the construction industry, for applications like breathable roofing membranes.

Innovation and Sustainability Pave the Way

The report also highlights key trends shaping the future of the market:

Advanced Materials: Advancements in material technology are leading to the development of new and improved breathable films with enhanced functionality and performance.
Micro-Porous Revolution: Micro-porous breathable films are gaining traction due to their high absorbency and ability to prevent carbon dioxide build-up. These films find applications in surgical apparel, skincare products, and beyond.
Biodegradable Focus: The market is witnessing a surge in demand for biodegradable breathable films. These films are composed of eco-friendly materials like thermoplastic starch and biodegradable resins, aligning with the growing focus on sustainability.

A Breathable Future

The breathable films market presents a promising outlook, driven by advancements in technology, a focus on sustainability, and increasing demand from various industries. By continuing to develop innovative and eco-friendly solutions, market players are well-positioned to capitalize on the vast potential within the breathable films landscape.

Who is winning?

According to the report by Future Market Insights, the leading market players of the breathable film market are adopting various strategies to sustain in the competitive edge.

As the global market offers impressive opportunities, the key market players such as Schweitzer-Mauduit International, Inc., Berry Global Inc., and American Polyfilm, Inc., focusing on expanding their geographic presence to gain competitive advantage.

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Some of the leading market holders in the global breathable film market-

Trioplast Industrier AB
Innovia Films
Arkema Group
LyondellBasell Industries N.V.
RKW Group
Fatra
Covestro AG
DuPont de Nemours, Inc.
Kimberly-Clark Corporation

About Future Market Insights, Inc.

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

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Electrostatic Discharge (ESD) Packaging Market to Surge to US$ 3.3 Billion by 2033: Driving Forces of Vehicle Technical Advancements and Electronics Safety

The electrostatic discharge (ESD) packaging market is on a trajectory of remarkable growth, projected to soar from US$ 2.0 billion in 2023 to a substantial US$ 3.3 billion by 2033. This growth is underpinned by a robust 5.1% Compound Annual Growth Rate (CAGR) forecasted during the tenure.

Protecting Electronics with Advanced ESD Packaging Solutions

ESD packaging, primarily composed of plastic, plays a critical role in reducing static electricity and safeguarding electro-sensitive equipment or products from various sources of static discharge, including friction and environmental factors. Designed to contain electronic equipment within robust polyethylene boxes enveloped by poly foam, ESD packaging prevents static electricity buildup, ensuring the integrity of its contents.

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Driving Forces Behind Market Growth

Increasing Demand for Smart Gadgets: The rise in demand for smart devices, coupled with the miniaturization of electronic equipment, underscores the necessity for effective ESD packaging solutions to ensure the safety and integrity of sensitive electronics during handling and shipping.
Adherence to Safety Standards: Multiple standards governing the safety of ESD-prone electronics drive the adoption of ESD packaging across industries, providing manufacturers with guidelines to ensure conformity and mitigate potential risks.
Diverse Industry Applications: ESD packaging finds applications across various sectors including automotive, defense, manufacturing, healthcare, and aerospace industries. Its ability to securely transport products while preventing electrostatic discharge damage contributes significantly to its widespread adoption.

Vehicle Technical Advancements Continue to Drive Innovations

Electrostatic discharge packaging, predominantly composed of plastic, serves as a pivotal solution in mitigating static electricity and safeguarding electro-sensitive equipment from a myriad of potential hazards including friction, environmental factors, and other electronic devices. The core functionality of ESD packaging revolves around encapsulating electronic equipment within a durable black polyethylene box enveloped by poly foam, ensuring the containment of static electricity and preserving the integrity of the packaged contents.

In the realm of electronics, particularly with integrated circuits comprising semiconductor and insulating materials prone to voltage damage, the imperative of employing appropriate packaging materials and techniques cannot be overstated.

Exploring Market Opportunities

Technological Advancements: Ongoing research and development activities, coupled with increased demand from emerging economies, present new opportunities for the ESD packaging market, driving innovation and market expansion.
End-Use Industry Growth: The automotive, defense, healthcare, and aerospace industries, among others, are expected to fuel market growth, leveraging ESD packaging to ensure the safe transit and protection of electronic components from static discharge.

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Future Outlook

As the demand for electronic devices and technologically advanced vehicles continues to rise, the global ESD packaging market is expected to witness sustained growth. Industry stakeholders are focused on innovation and sustainability, driving the development of advanced ESD packaging solutions to meet evolving market demands.

Growth Opportunities:

Increasing Demand for Electronics: With the continuous growth in the electronics industry, there is a rising demand for ESD packaging solutions to protect sensitive electronic components from electrostatic discharge, creating opportunities for market expansion.
Stringent Regulatory Standards: The imposition of stringent regulations regarding the protection of electronic components against electrostatic discharge in various industries, such as automotive and aerospace, presents a growth opportunity for ESD packaging providers to offer compliant solutions.
Globalization of Supply Chains: As supply chains become more globalized, the need for effective ESD packaging solutions is heightened to ensure the safe transportation and storage of electronic components across long distances, providing a growth avenue for market players.
Advancements in Technology: Ongoing technological advancements, such as the development of innovative materials and smart packaging solutions, offer opportunities for companies in the ESD packaging market to enhance product offerings and stay competitive.
Rising Awareness of ESD Risks: Growing awareness among industries about the potential risks of electrostatic discharge and its impact on electronic components creates a demand for proactive ESD mitigation strategies, fostering growth in the ESD packaging market.

Some Prominent Companies Include

Smurfit Kappa Group
DS Smith plc
Sealed Air Corporation
Pregis LLC
ACHILLES CORPORATION
DESCO Industries Inc.
STOROPACK HANS REICHENECKER GMBH
Nefab Group
Teknis Limited
Kiva Containers
Delphon Industries, LLC
Elcom Ltd.
Protective Packaging Corporation
GWP Group
Transcendia Inc.
International Plastic Inc.
Auer Packaging
Botron Company Inc.
Dou Yee Enterprises (S) Pte Ltd.
Edco Supply Corporation

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Key Segment

By Product Type:

Bags
Trays
Clamshell
Shrink Films
Boxes & Containers
Tapes & Labels
Foams
Totes/IBC
Racks
Others (Pouches, Sheets, etc.)

By Material & Additive Type:

Conductive & Dissipative Polymers
Metal
Additive

By Application:

Electrical & Electronic Component
Equipment
Explosive Powders
Drugs

By End-user Base:

Electrical & Electronics
Automobile
Defense & Military
Aerospace
Healthcare
Others

By Region:

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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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