FMI Analysis Projects Global Industrial Valves Market to Drive Past US$ 123.05 Billion by 2034, Driven by a Steady Growth of 4.2% CAGR

The global industrial valves market is on track for significant growth, with a projected valuation exceeding US$ 123.05 billion by 2034. This expansion is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 4.2% from 2022. As of 2024, the market has already established a strong presence with an estimated value of approximately US$ 81.55 billion.

A comprehensive half-yearly comparison analysis conducted by Future Market Insights (FMI) provides valuable insights into this growth trajectory. The increasing demand for industrial valves is driven by their critical role in various industries, particularly those essential to global infrastructure development. In the oil & gas sector, industrial valves play a vital role in ensuring the efficient flow and containment of fluids during complex extraction, refining, and distribution processes.

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With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.

The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.

Market in APEJ Projected for Remunerative Growth:

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2022-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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Industrial Valves Market: Segment Analysis

By Valve Type:

  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized

By Valve Material:

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

By End-use Industry:

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

By Function:

  • Manual
  • Automatic

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

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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.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Sea Water Pump Market Projected to Drive Past US$ 1.6 Billion Milestone by 2028, Growing with a Consistent CAGR of 4.3% | FMI Analysis

The global sea water pump market is projected to reach US$1.6 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 4.3% from 2022. This growth is fueled by the increasing demand for water treatment solutions and the continued dominance of centrifugal pumps within the market.

In 2022, the sea water pump market surpassed a significant milestone, reaching a valuation exceeding US$1.3 billion. This steady expansion highlights the broadening utilization of sea water pumps across various applications.

Centrifugal pumps are expected to remain the top-selling product category within the market. Renowned for their exceptional efficiency and cost-effectiveness, these pumps offer a compelling value proposition for a wide range of end-users across diverse industries. Their remarkable versatility and unwavering reliability make them ideal for a multitude of seawater pumping applications.

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Future Market Insights has released a comprehensive half-yearly analysis comparing growth forecasts and key developments in the sea water pumps market. This analysis comes in light of increased investments in oil drilling activities by various countries, driven by industrialization and population expansion trends.

This heightened focus on oil drilling activities has resulted in a notable surge in demand for centrifugal sea water pumps. Additionally, to address the rising need for fresh water, numerous desalination plants are being constructed. Consequently, the sea water pumps market is poised for rapid expansion in the upcoming years.

According to Future Market Insights’ analysis, there has been a decrease of 24 units in the BPS (Basis Point Scale) values identified in the sea water pumps market in H1 2022 compared to the projected figures for H1 2022. Notably, this marks a 16 BPS dip in the market compared to H1 2021.

Key Takeaways of Sea Water Pumps Market Study:

  • The centrifugal sea water pumps segment is expected to hold major share of the global sea water pumps market value as compared to positive displacement sea water pumps.
  • On the basis of end use, the ships segment is expected to hold prominent value share of the global sea water pumps market. These pumps are used in weight transfer function, firefighting, bilge pumping, and high pressure pumping an air conditioners.
  • By sales channel, offline sales channel is estimated to remain a key segment on the back of consumer preference towards customized sea water pumps.
  • Asia Pacific is projected to hold prominent market share in terms of value in the global sea water pumps market. This growth is being propelled by rapid increase in ship building in countries such as China, South Korea, and Japan. These countries hold 70% share of the ship building market.
  • However, the Middle East & Africa sea water pumps market is expected to project lucrative growth during the forecast period. This growth is attributable to increasing investments for desalination plants in the region.

“Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand.”

Key Companies Profiled:

  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Sulzer Ltd
  • Torishima Pump Mfg. Co.
  • Danfoss A/S, ITT INC.
  • Flowserve Corporation
  • Ebara Corporation
  • WILO SE
  • Grundfos Holding
  • The Weir Group PLC
  • Alfa laval
  • Kubota Corporation
  • AxFlow Holding AB
  • Kirloskar Brothers Ltd.
  • Franklin Electric Co. Inc.
  • Tsurumi Manufacturing Co. Ltd.
  • Schlumberger Limited
  • Eureka Pumps AS

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Sea Water Pumps Market by Category:

By Product:

  • Centrifugal Pumps
  • Positive Displacement Pumps

By Operation:

  • Submersible
  • Non-submersible

By End Use:

  • Ships
    • Ballast Transferring
    • Firefighting
    • Bilge Pumping
    • High Pressure Deck Washing/Engine Cooling
    • Air Conditioning
  • Desalination Plants
  • Oil Refineries

By Flow Rate:

  • 1 – 50 M3/H
  • 51 – 150 M3/H
  • 151 – 350 M3/H
  • 351 – 500 s M3/H
  • Above 500 M3/H

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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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.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Telehandlers Market Projected to Surpass US$ 11,822.81 Million by 2034, Driven by an Average 5.9% CAGR | FMI Analysis

The global telehandlers market is projected to reach US$ 11,822.81 million by 2034, according to a report by Future Market Insights (FMI). This significant growth reflects a Compound Annual Growth Rate (CAGR) of 5.9%.

The increasing demand for telehandlers is primarily driven by their remarkable versatility. These multi-functional machines are becoming indispensable assets across various industries, including construction, infrastructure development, manufacturing, mineral processing, and mining.

Telehandlers offer a distinct advantage due to their ability to handle a wide range of attachments and perform diverse tasks. This adaptability translates to enhanced operational efficiency for businesses. By eliminating the need for multiple specialized machines, telehandlers can streamline operations and ultimately reduce costs. The rising demand within the construction and manufacturing sectors, coupled with the inherent benefits of telehandlers, is expected to propel market growth in the coming years.

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Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.

While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.

Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.

Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.

End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study:

  1. Worldwide sales of telehandlers to surpass US$ 11,822.81 million in 2034.
  2. Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′.
  3. ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market.
  4. The US and Europe remain the most lucrative markets.

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

Telehandlers Market – Competitive Intelligence:

Top Key Players covered in the report:

Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons

Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

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Market Segments:

By Maximum Lift Height:

  • Upto 30’
  • 30’ – 60’
  • More than 60’

By Ownership:

  • Rental Services
  • End Use Industries
    • Construction
    • Agriculture Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

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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.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Nutraceutical Packaging Market Poised to Exceed US$ 6,354.73 million by 2033 | FMI

The global nutraceutical packaging market is on an upward trajectory, with anticipated growth to surpass US$ 6,354.73 million by 2033, according to the latest insights from industry analysts. Starting from a substantial size of over US$ 3,755.7 million in 2023, the market is set to expand at a notable Compound Annual Growth Rate (CAGR) of 5.4%.

Going Green: Sustainable Packaging Trends Reshaping the Nutraceutical Industry

The nutraceutical packaging sector is undergoing a significant transformation driven by the evolving needs of health-conscious consumers. As awareness of natural and organic supplements increases, so does the demand for innovative packaging solutions. Notably, there’s a pronounced shift towards eco-friendly packaging materials, aligning with the preferences of environmentally conscious consumers. Single-serve and personalized packaging options are also gaining traction, reflecting the industry’s responsiveness to evolving consumer preferences.

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The Health Boom: Driving Sales for Nutraceutical Packaging Solutions

The surge in global demand for dietary supplements and nutraceutical products is a key driver of the nutraceutical packaging market. With a growing emphasis on natural ingredients and an aging population, the demand for nutraceutical packaging solutions is witnessing unprecedented growth. Furthermore, the rise of eCommerce has fueled the need for secure packaging solutions, ensuring product integrity during transit.

The Future Looks Bright: Factors Fueling Nutraceutical Packaging Demand

Several factors are propelling the demand for innovative nutraceutical packaging solutions. The increasing demand for dietary supplements and nutraceutical products necessitates specialized packaging to ensure safety and efficacy. Additionally, heightened health consciousness among consumers, coupled with an aging population, contributes to the surge in demand for nutraceutical products. The trend towards natural and organic supplements further drives the need for innovative packaging solutions tailored to market demands.

Innovative Solutions: Opportunities Abound in the Evolving Nutraceutical Packaging Market

The nutraceutical packaging industry presents significant opportunities for companies poised to capitalize on the rising demand for sustainable and eco-friendly packaging solutions. There is a clear need for innovative, cost-effective packaging materials that offer superior product protection while adhering to sustainable practices.

Opportunities and Trends:

  • Increased Demand for Sustainable Packaging Solutions: Consumers’ preference for eco-friendly options continues to drive demand.
  • Growing Popularity of Eco-Friendly and Personalized Packaging: Companies are embracing sustainable practices and customization to meet consumer demands.

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Key Takeaways from the Nutraceutical Packaging Market:

  • In 2022, the European nutraceutical packaging industry was worth US$ 1,461.8 million.
  • In 2022, the North American nutraceutical packaging industry is expected to be worth US$ 995.8 million.
  • In 2022, the nutraceutical packaging market in the United States was worth US$ 920.7 million. The market is expected to grow at a 5.0% CAGR during the forecast period.
  • In 2022, the Indian nutraceutical packaging industry was worth US$ 96.0 million. India’s adoption of nutraceutical packaging is expected to grow at a substantial CAGR of 9.8% during the forecast period.
  • With a value of US$ 2,349.3 million in 2022, the dietary supplements category was the dominant product type in the nutraceutical packaging industry.
  • Bags and pouches dominated the nutraceutical packaging sector in 2022, accounting for US$ 1,235.0 million in revenue.
  • With a value of US$ 1,330.7 million, the powder & granules sector was the biggest product form in the nutraceutical packaging industry in 2022.

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Market Segmentation:

By Packaging Type

  • Blister
  • Bottles & Jars
  • Bags & Pouches
  • Stick Packs
  • Boxes & Cartons
  • Containers
  • Sprays
  • VSP & MAP

By Product Form

  • Tablets & Capsules
  • Powders & Granules
  • Liquid
  • Solid

By Product Type

  • Dietary Supplement
  • Functional Food
  • Functional Beverages

By Material

  • Glass
  • Paperboard
  • Plastic
  • Aluminum

By Ingredient

  • Vitamins
  • Minerals
  • Prebiotics
  • Probiotics
  • Amino Acids
  • Omega 3 Fatty Acids
  • Others

Key players:

  • Amcor Ltd.,
  • Gerresheimer AG,
  • Sonoco Products Company,
  • Mondi PLC, etc.

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  

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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Paper Straws Spearhead Straw Market Growth at 5.3% CAGR, Reaching US$ 32.2 Billion by 2033

Straw Market

The global straw market is poised for significant growth, reaching an estimated US$32.2 billion by 2033, according to a new industry report. This translates to a projected CAGR of 5.3% over the forecast period.

Key Drivers of Straw Market Growth:

  • Smart Packaging Solutions: The rise of smart packaging that utilizes disposable, biodegradable straws is a major factor driving market expansion.
  • Variety & Hygiene: The availability of straws in various shapes, sizes, and colors, coupled with their role in maintaining hygiene in the foodservice industry, fuels market demand.
  • Paper Power: The paper straw segment is expected to witness substantial growth due to its eco-friendly advantages. Paper straws offer durability, sturdiness, and absorbency, while reducing waste compared to single-use alternatives.

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Challenges and Opportunities for Paper Straws:

  • Production Considerations: High production and processing costs may initially hinder the paper straw market’s expansion.
  • Mechanical and Absorption Issues: Some paper straws face challenges related to mechanical properties and liquid absorption.
  • Production Capacity Concerns: A potential lack of production capacity for paper straws could pose a risk during the forecast period.

Plastic Phase-Out Creates Space for Sustainable Alternatives:

The growing global concern over plastic pollution and subsequent bans on single-use plastic straws are creating significant opportunities for paper straws. As consumer awareness of the detrimental effects of plastic rises, paper straws are expected to gain traction across various industries.

Innovation in Focus:

The report highlights recent advancements in the straw market, including the development of biodegradable disposable straws used in smart packaging solutions. An example cited is UFlex Limited’s launch of a new manufacturing line for U-shaped paper straws in India (April 2022).

Food & Beverage Industry: A Key Driver:

The food and beverage industry is a major consumer of paper straws. The anticipated surge in the number of food chain outlets due to rapid development and population growth is expected to further increase the demand for paper straws.

Europe Leads the Charge:

Europe is expected to remain the global leader in the straw market, accounting for nearly 23.5% of the market share in 2022. This region is at the forefront of efforts to reduce single-use plastic straws, presenting substantial growth opportunities for paper straw manufacturers. The rise in soft drink consumption, coupled with growing adoption of eco-friendly packaging, further strengthens Europe’s position in the straw market.

Looking Ahead:

Changing lifestyles, increasing consumer preference for sustainable solutions, and the adoption of paper-based packaging are all expected to propel the straw market forward in the coming years. With a focus on innovation and eco-friendly materials, the paper straw segment is well-positioned to take the lead in this growing market.

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Straw Market Segmentation

By Product Type:

  • Plastic Straws
  • Bamboo Straws
  • Metal Straws
  • Paper Straws
  • Glass Straws
  • Silicone Straws
  • Others

By Straw Length:

  • <9 cm Straws
  • 9-15 cm Straws
  • 16-20 cm Straws
  • >20 cm Straws

By Sales Channel:

  • Straw Manufacturers
  • Straw Distributors
  • Straw Retailers
  • E-retail of Straws

By End Use:

  • Food Service
  • Institutional
  • Households

By Region:

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

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 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Medical Protective Equipment Industry is expected to grow at an impressive rate of 9.5% CAGR and reach US$ 52.8 Billion by 2033 | FMI

Global Medical Protective Equipment Industry
Global Medical Protective Equipment Industry

The Global Medical Protective Equipment Industry is expected to witness significant growth in the coming decade, according to a recent market analysis by Future Market Insights (FMI). The market, currently valued at US$21.3 billion in 2023, is projected to climb at a robust Compound Annual Growth Rate (CAGR) of 9.5%, reaching an impressive US$52.8 billion by 2033.

The Global Medical Protective Equipment Industry is being driven by the surging demand from healthcare facilities. Key players in the market have concentrated their focus on enhancing their product offerings in face masks, face shields, gowns, and gloves. The companies are also emphasizing expanding the production capacities of the product to contribute towards the overall market growth.

The stringent governmental norms and heightened concerns towards health and safety are projected to induce end users to invest in medical protective equipment. Thereby, driving the medical protective equipment industry forward. Additionally, medical protective equipment helps decrease the exposure to hazards that can lead to serious health issues. Growing awareness regarding the benefits of shielding via medical protective equipment is projected to accelerate market expansion in the upcoming years.

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Since maintenance of hand hygiene is considered important to avoid getting infected by infectious diseases, the demand for gloves is surging significantly. Also, medical gloves are used to safeguard the wearer as well as other patients from spreading the infection or illness during medical procedures or examinations. Increasing surgical procedures over the forthcoming years is projected to boost the sales of medical gloves, thus shaping the medical protective equipment industry.

Key Highlights of the Global Medical Protective Equipment Industry:       

  • The United States holds a large share of the medical protective equipment market. The same trend is projected to be followed in the forthcoming years, as the country is projected to attain US$ 13.8 billion by 2033. The estimated CAGR for the forecast period is 7%.
  • In the Asia Pacific, China is expected to secure a significant position in the forecast period. The country is anticipated to reach US$ 2.9 billion by 2033, registering a CAGR of 11% in the meantime.
  • The United Kingdom is predicted to garner market revenue of US$ 2.2 billion by 2033. The market is predicted to expand at a CAGR of 9.5% over the forthcoming years.
  • The gloves segment is expected to exhibit a CAGR of 8.9% over the forecast period. Growing demand for surgical disposable gloves approved by the FDA is propelling the gloves segment forward.

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News Featuring Market Developments by Key Players of Medical Protective Equipment Solutions:

  • In March 2022, Ansell Ltd., a leading provider of personal protective equipment, joined the global players working in the rubber glove industry to establish the Responsible Glove Alliance (RGA). The role of RGA is to ensure the protection of workers susceptible to forced labor in supply chains, especially within medical supply industries. The initial focus of RGA would be the manufacturing industry of rubber gloves in Malaysia. This is because Malaysia is the world’s leading producer of rubber gloves, and relies extensively on migrant labor.
  • In March 2022, Dynarex Corporation, extended its durable medical equipment (DME) portfolio to meet the surging demands from long-term care and home-care marketplaces. The offerings of DME include premium solutions for a range of requirements, such as home care beds, lifts and slings, mattresses, mobility, wheelchairs, etc., and long-term care.
  • In February 2022, Kimberly-Clark Worldwide, Inc. officially revealed its innovative ICON dispenser collection. These dispensers provide design customization, along with patented technology to supply a 99.99% jam-free, more efficient, virtually noise-free paper towel dispensing experience.

Key Companies Profiled in the Global Medical Protective Equipment Industry:        

  • 3M
  • Ansell Limited
  • Kimberly-Clark Corporation
  • Top Glove Corporation Bhd
  • Dynarex Corporation Inc
  • DuPont de Nemours, Inc
  • Honeywell International Inc
  • Hartalega Holdings Berhad
  • Cardinal Health, Inc
  • Halyard Worldwide, Inc
  • Mölnlycke Health Care
  • Crosstex International, Inc
  • Derekduck Industry Corporation
  • Medline Inc
  • International Enviroguard
  • Prestige Ameritech
  • Alpha Pro Tech
  • Dukal Corporation
  • Lakeland Industries, Inc
  • Titan Hardware Industrial Co., Ltd

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Global Medical Protective Equipment Industry by Category

By Product Type:

  • Gloves
  • Protective Clothing
  • Gowns
  • N95 Respirators
  • Surgical Masks
  • Goggles
  • Face Shields
  • Head Cover
  • Shoe Covers

By Usage:

  • Disposable
  • Non-disposable

By End User:

By Region:

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

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.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Medical Mask Industry is expected to reach a startling US$16.78 Billion, growing at a rate of 10.80% By 2034 | FMI

Global Medical Mask Industry
Global Medical Mask Industry

The Global Medical Mask Industry is on track for a significant surge, according to a recent report by Future Market Insights (FMI). Valued at US$6.02 billion in 2024, the market is projected to experience a remarkable Compound Annual Growth Rate (CAGR) of 10.80% over the next decade, reaching a staggering US$16.78 billion by 2034.

Medical masks have emerged as an indispensable component in healthcare settings, particularly during surgical procedures. Their essential role in maintaining hygiene and ensuring infection control has catapulted the demand for these masks across various medical facilities, including ambulatory surgical centers, hospitals, dental settings, and more. The availability of diverse mask variants tailored to specific applications and designed for various end-users has emerged as a pivotal driving factor, fostering the continuous expansion of the Global Medical Mask Industry throughout the forecast period.

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Consistent growth in the number of surgeries performed globally is boosting the demand for anesthesia masks and laryngeal masks, which is expected to contribute to the growth of the Global Medical Mask Industry during the forecast period.

Increasing number of infectious diseases and pollution as well as growth in the number of surgeries worldwide are providing further impetus to the growth of Global Medical Mask Industry.

The COVID-19 Impact on Medical Mask Sales

The novel coronavirus (COVID-19) pandemic has put a huge strain on the Global Medical Mask Industry, with the gap between supply and demand gradually widening. COVID-19, being primarily a respiratory disease, makes it imperative to incorporate personal protective equipment (PPE) such as medical masks for both, medical professionals and the general public. This is both a challenge and an opportunity for market players, which are focusing on scaling up production capacities to satiate the rapidly growing demand.

Key Takeaways of Global Medical Mask Industry Study

  • Soaring Demand: The increasing demand for medical masks is primarily driven by rising healthcare awareness, growing hygiene concerns, and ongoing efforts to combat infectious diseases.
  • Pandemic Impact: The COVID-19 pandemic significantly heightened global awareness of the importance of proper hygiene practices, including mask-wearing. This trend is expected to continue post-pandemic, fueling market growth.
  • Diversifying Applications: Medical masks are finding application not just in clinical settings, but also in public spaces, workplaces, and daily life, further expanding the market potential.
  • Technological Advancements: Advancements in materials and design are leading to the development of more comfortable, breathable, and effective medical masks.
  • Focus on Sustainability: The increasing demand for sustainable solutions is driving the adoption of reusable and biodegradable medical masks.

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Leading Manufacturers Focus on Mergers & Acquisitions

Leading manufacturers in the medical mask market are focusing on regional mergers & acquisitions to enhance their product portfolio and expand their regional presence.  For instance, in 2021, Examinetics announced its collaboration with Moldex-Metric Inc. to offer online respirator clearance evaluations. In 30 march 2022, the company moved quickly to expand its production capacity for N95 masks and start its new operation in Phoenix.

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Global Medical Mask Industry, a new study from future market insights, opines on the application of Medical mask from 2014 – 2021 and presents demand projections from 2022 – 2030 based on; product type (surgical mask, N95 respirators, face mask, full-face mask, laryngeal masks, and anesthesia masks), application (respiratory safety, infections disease, allergies and surgeries) and end user (hospitals, academic & research institutes, diagnostic laboratories, individual) across seven prominent regions.

Key Market Segments Covered in Global Medical Mask Industry Research By Product:

  • Surgical mask
  • N95 Respirators
  • Face mask
  • Full-Face Mask
  • Laryngeal Masks
    • Disposable Laryngeal Masks
    • Reusable Laryngeal Masks
  • Anaesthesia Masks
    • Disposable Anaesthesia Masks
    • Reusable Anaesthesia Masks

By Application :

By End User :

  • Hospitals
  • Diagnostic Laboratories
  • Research and Academic Institutes
  • Others

By Region :

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

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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 areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Medical Ventilator Industry Expected to Breathe Easy with Projected 9.1% CAGR, Reaching Over US$4 Billion by 2033 | FMI

Global Medical Ventilators Industry
Global Medical Ventilators Industry

The Global Medical Ventilator Industry is poised for significant growth, according to a recent market analysis by Future Market Insights (FMI). The market, currently valued at US$1.7 billion in 2023, is expected to experience a robust Compound Annual Growth Rate (CAGR) of 9.1% over the next decade. This translates to a projected market valuation exceeding US$4 billion by 2033.

The surge in construction activities and industrialization, driven by rapid urbanization, has led to an alarming increase in carbon emissions over the past few years. Consequently, there has been a notable rise in the incidence of respiratory diseases, such as COPD and asthma, among the population. This alarming trend has created a substantial demand for medical ventilators to address respiratory health issues.

The impact of the COVID-19 pandemic has further accelerated market growth. As a result of viral infections, many patients have required ventilator support. In response, governments around the world have made significant investments in medical ventilator procurement. For instance, in April 2020, the United States government entered into a US$ 1.1 billion contract with General Health and Philips to bolster ventilator supplies. Additionally, in the same month, the United Kingdom secured 300 new ventilators from China.

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The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

Surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Global Medical Ventilators Industry Key Takeaways:

  • The market is expected to record a growth rate of 9.1%.
  • In 2023, the market valuation is expected to be at US$ 1.7 billion.
  • By 2033, the market value is expected to surpass US$ 4 billion.
  • As per the regional analysis, North America is expected to be the largest market.
  • The United States market is expected to grow at 6.8%.
  • The United Kingdom market is projected to advance at 5.8%.
  • China’s market is anticipated to surge by 14.7%.
  • Japan’s market is expected to advance at 9.1%.
  • South Korean market is anticipated to grow at 8%.
  • Based on product type, critical care ventilators are expected to be the leading segment and may surge at 8.6%.
  • Based on application, invasive ventilators are projected to be the dominant segment and are expected to grow at 7.5%.
  • Based on the end user, the hospital segment is expected to be the leading segment.

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Competitive Landscape from the Global Medical Ventilators Industry

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with the latest microprocessors. There are also huge investments being made on Research and Development, to create the best quality ventilators. The manufacturers are also investing on tactical mergers and acquisitions, to expand their market share. To achieve sustainable goals, the manufacturers are also looking to cut down greenhouse emissions, and make use of eco-friendly facilities. To make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the Global Medical Ventilators Industry :

  • Cardinal Health
  • Becton Dickinson and Company
  • GE Healthcare

Key Developments in the Global Medical Ventilators Industry

  • In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence on biosimilars.
  • In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson and Company.

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Global Medical Ventilators Industry Segmentation

By Product:

  • Critical Care Ventilators
  • Transport Ventilators

By Application:

  • Invasive Ventilators
  • Non-invasive Ventilators

By End User:

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 areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Gene Synthesis Industry is predicted to grow at a robust 19.2% CAGR and reach US$4.5 Billion By 2033 | FMI Report

Global Gene Synthesis Industry
Global Gene Synthesis Industry

The Global Gene Synthesis Industry is on track for a remarkable surge, according to industry analysis. The market, valued at US$779.4 million in 2023, is expected to propel forward at a robust Compound Annual Growth Rate (CAGR) of 19.2% over the next decade. By 2033, the market is projected to reach a staggering US$4.5 billion, reflecting a significant rise in demand for gene synthesis technologies.

The DNA synthesis method, which is the backbone of the existing biotechnology system and is essential to the advancement of synthetic biology, is the key to this expansion. FMI emphasizes the importance of the method and its critical role in helping medical practitioners understand the complex architecture of infections and other microorganisms. The need for gene synthesis is rising as a result of this increased understanding.

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A wide variety of methods are specifically employed for DNA complexity and length. These activities are specifically aimed at understanding the DNA/RNA structure. There are a lot of scientists who are working to understand their sequencing. Such methods would assist in developing medications that ensure physical wellness, which would brighten the prospects for gene synthesis.

Governments and private bodies worldwide are making massive investments in genome sequencing. In April 2021, the United States government announced an investment of US$ 1.7 billion in genome sequencing. Likewise, the United Kingdom government announced an investment of US$ 175 million in genomics research in December 2022.

The surging geriatric population across the globe has led to an increase in the adoption of gene synthesis. These help in the diagnosis and treatment of diseases. The synthesis of genes with cloning has led to reduced cost and reduction of time as well, which becomes crucial while treating elderly patients. Gene synthesis is also used for various applications, including gene therapy, molecular engineering, etc.

As per FMI market researchers, “Increased application of DNA synthesis technology, application of a wide variety of methods which help in understanding DNA complexity and length, colossal investments from government and private bodies, and various other factors are expected to surge the Global Gene Synthesis Industry share.”

Key Takeaways from the Global Gene Synthesis Industry:

  • The market is expected to record a CAGR of 19.2% during the forecast period.
  • In 2023, the valuation is expected to be US$ 779.4 million.
  • By 2033, the estimation is anticipated to cross US$ 4.5 billion.
  • Based on the regional analysis, Asia Pacific is expected to be the leading market.
  • The United States market is expected to surge at 15.7%.
  • The United Kingdom market is projected to grow at 21.4% due to the increasing adoption of molecular engineering.
  • China’s market is anticipated to advance at 29.2% due to increasing development in Genomics.
  • Japan’s market is projected to register a CAGR of 24.1%.
  • South Korea’s gene synthesis market is expected to record a growth rate of 21.6%.
  • Based on service type, the gene synthesis service segment is expected to hold the dominant market share and might surge to 16.5%.
  • Based on application, research and development is projected to be the leading segment and is expected to grow at 18.4%.

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Competitive Landscape in the Global Gene Synthesis Industry

The manufacturers operating in the Global Gene Synthesis Industry are expected to make high investments in mergers and acquisitions. This is a key step towards expanding the market share. In addition, the key players are also forming strategic partnerships with players from other niches to access technologies that might benefit them. Furthermore, with concerns around carbon emissions, the manufacturers are also taking initiatives to cut carbon emissions.

Key developments in the Global Gene Synthesis Industry:

  • In September 2022, GenScript announced its collaboration with Gladstone-UCSF Institute of Genomic Immunology for a Groundbreaking non-viral cell therapy study.
  • In January 2023, Twist Bioscience and CENTOGENE launched three panels to advance rare disease and hereditary cancer research and support diagnostics.

Global Gene Synthesis Industry Segmentation

By Service:

  • Gene Synthesis Service (Standard Gene Service, Express Gene Service, Complex Gene Service, Custom Gene Synthesis Service)
  • Gene Fragments Service
  • GMP Gene Synthesis
  • Others

By Application:

  • Diagnostics
  • Therapeutics
  • Research and Development Activities
  • Others

By End User:

  • Academic and Research Institutes
  • Biotechnology Companies
  • Pharmaceutical Companies
  • Contract Research Organization

By Region:

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

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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.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Contraceptives Industry is expected to grow at a 5.5% CAGR and reach US$ 30.8 Billion by 2032 | FMI Study

Global Contraceptives Industry
Global Contraceptives Industry

The Global Contraceptives Industry is poised for significant growth, according to a new study by Future Market Insights (FMI), a leading market research firm. The market is projected to surge to a remarkable US$30.8 billion by 2032, driven by a robust Compound Annual Growth Rate (CAGR) of 5.5%.

This impressive growth builds upon a solid foundation, with the global contraceptives market reaching a value of US$18 billion in 2022. FMI’s comprehensive analysis identifies both contraceptive drugs and devices as key factors propelling this market expansion.

In a significant revelation, FMI’s research highlights the dominance of contraceptive devices, projected to contribute approximately 58.3% to the market in 2021. This emphasizes the increasing global demand for innovative contraceptive solutions.

By the conclusion of 2029, the Global Contraceptives Industry size is anticipated to reach approximately US$ 33,529 million, marking a steady ascent at a CAGR of approximately 6.2% from 2019 to 2029. FMI attributes this sustained growth to various factors, including the escalating need for population control, a rise in unwanted pregnancies, and proactive government initiatives promoting contraceptive use.

FMI’s research methodology is recognized for its uniqueness, offering the most accurate and insightful analysis of the contraceptive market. As a result, industry stakeholders and decision-makers can rely on FMI’s findings to make informed choices in this dynamic market.

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It includes in-depth insights into the Global Contraceptives Industry. Some of these are:

  • The estimated value of the contraceptives market was at ~US$ 33,529 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the contraceptives market globally.
  • East Asia emerges as one of key markets owing to large population base, growing contraceptive awareness and initiatives taken by the respective country government.
  • Female segment holds the most of the contraceptive market as compared to men.
  • Key players are likely to focus on new product development in terms of drug & device, to stay relevant in developed markets.

Contraceptive Pills – the Most Lucrative Product Type

The contraceptive market contains drugs and devices. The devices market holds most the contraceptive market however drugs are anticipated to grow at highest CAGR owing to its beneficial property and easy consuming method. With the advancement of technology, the emergence of drugs have become popular as oral contraceptive pills which has the same purpose as other contraceptive drugs or devices. The simplicity and easy consumable method are expected to make it most popular contraceptive market. The other form of drugs such as topical and injectable contraceptives also witness strong market demand. Furthermore, these contraceptive pills are highly effective and does not interrupt in sex. Even in cases, it has been proved to reduce heavy and painful periods. All these factors and benefits are expected to fuel the sales of contraceptive drugs in the global market.

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Some of the leading players operating in the Global Contraceptives Industry are Bayer AGPfizer Inc., Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Allergan Plc, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe Distribution Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Pfizer, The Female Health Company and others. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovations. In addition to this, mergers and acquisitions remain a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • As a part of the government’s initiative, the government of India launched a new contraceptive pill named ‘Shukhi 3rd Generation’ in Nov 2019.
  • In Sept. 2019, Exeltis USA, Inc. announced the Launch of Slynd(drospirenone) tablets, the First and only progestin-only pill providing pregnancy prevention with a 24-hour missed pill window

Get Valuable Insights into the Global Contraceptive Industry

Future Market Insights, in its new report, presents an unbiased analysis of the Global Contraceptives Industry, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the contraceptives market based on product type (contraceptive drugs – oral contraceptive pills, injectable, topical), gender (male, female), by price range (high range, low /economy), sales channel (Wholesaler/ Distributor, Hypermarket/ Supermarket, Specialty Stores, Drug & Pharma Stores, Convenience Stores, online, and others -hospitals, clinics, etc.), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Global Contraceptives Industry Segmentation

Product Type

  • Contraceptive Drugs
    • Oral Contraceptive Pills
    • Injectables
    • Topical
  • Contraceptive Devices

Gender

  • Male
  • Female

Price Range

  • High Range
  • Low / Economy Range

Sales Channel

  • Wholesaler/ Distributor
  • Hypermarket/ Supermarket
  • Specialty Stores
  • Drug & Pharma Stores
  • Convenience Stores
  • Online
  • Others (hospitals, clinics, etc.)

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 areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

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

Contact Us:      

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