Market Research Blog – Page 3062 – New Product Development

Global Animal Artificial Insemination Industry is expected to reach US$3.91 Billion by 2033, with a CAGR of 6.0% | FMI Report

The future of the Global Animal Artificial Insemination Industry is brimming with potential, according to a groundbreaking new report by Future Market Insights (FMI). The report forecasts a remarkable surge in the market, with projections indicating it will surpass a significant valuation of US$2.18 billion by the end of 2023.

Market analysts predict a robust trajectory for the global animal AI industry, with expectations set to reach an impressive US$3.91 billion by 2033. This translates to a consistent Compound Annual Growth Rate (CAGR) of 6.0% throughout the next decade.

One key driver of this growth is the rising initiatives by various governments worldwide to ensure food security, which is expected to sustainably drive demand for artificial insemination in animals. Additionally, the increasing demand for genetically superior quality cattle breeds will have a positive impact on the market. The surge in consumption of animal protein and the rising demand for high-quality milk and dairy products are set to fuel the demand for animal artificial insemination procedures between 2021 and 2031.

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Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average 35kg per capita in 2020.

There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029. The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders focus on obtaining genetically better breeds for large-scale production. This also is expected to boost the growth of the Global Animal Artificial Insemination Industry.

Key Takeaways from Global Animal Artificial Insemination Industry Study

Despite restricted growth amid the pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable to the rising demand for the artificial insemination process.
The U.S. accounted for the largest share of 93% of the North American animal artificial insemination market through the forecast period.
In 2021, Germany led the European animal artificial insemination market, followed by France and the U.K., accounting for more than 20% and 15 % respectively.
China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.

“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for Global Animal Artificial Insemination Industry,” said a FMI Analyst.

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Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.

Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.

Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.

Who is Winning?

The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions, and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.

Some of the leading players in the Global Animal Artificial Insemination Industry include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.

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We provide authentic and detailed analysis of various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

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Global Animal Artificial Insemination Industry by Category

Product Type

Insemination Equipment
- Catheters
- Micromanipulation Pipettes
- Insemination Gun
Artificial Insemination Syringe
Insemination Sheath
Artificial Insemination Applicator
Reagent Media
- Bovine Media
- Equine Media
- IVF Media
Thawer
Accessories
Artificial Insemination Kits
Others
Artificial Insemination Straws

Animal Type

Canine
Feline
Swine
Bovine
Equine
Ruminant

Procedure Type

Semen Collection Procedures
- Artificial Vagina
- Electrostimulation
Insemination Procedures
- Recto Vaginal
- Spectrum
- Vaginal

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.

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Global Corneal Ulcer Treatment Industry to Grow at a 5.7% CAGR and Cross US$ 1.27 Billion by 2029 | FMI

The Global Corneal Ulcer Treatment Industry is poised for significant growth, driven by rising awareness and improved treatment options, according to a recent industry analysis by Future Market Insights (FMI). Valued at approximately US$867.3 million in 2022, the market is expected to surge at a noteworthy Compound Annual Growth Rate (CAGR) of 5.7% from 2022 to 2029, reaching a projected market valuation of US$1.27 billion by 2029.

Corneal ulcers, a severe ocular condition with a global impact, pose a significant threat to vision health. The rising prevalence of corneal ulcers has ignited the development of advanced treatment options, driving the Global Corneal Ulcer Treatment Industry towards unprecedented growth.

“Low-cost drugs being offered by generic drug manufacturers, especially in emerging countries, has substantially lowered treatment cost, and is giving tough competition to key players in the Global Corneal Ulcer Treatment Industry.”

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Key Takeaways of Global Corneal Ulcer Treatment Industry Study

Treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of revenue share during the forecast period.
Growing bacterial keratitis requiring antibiotics for treatment will contribute significantly to the revenue share of the segment.
Eye drops or eye ointments dominate the market by form type, as these are relatively cheaper and do not require another interventional and oral route for drug delivery.
By distribution channel, retail pharmacies are expected to gain more than 50% of the market share during the forecast period.
North America is dominating the Global Corneal Ulcer Treatment Industry, while East Asia is expected to offer lucrative growth opportunities, owing to rising healthcare infrastructure and industrialization.

Acquisition – Key Strategy Followed by Leading Manufacturers

Leading manufacturers in the Global Corneal Ulcer Treatment Industry are focusing on geographical expansion as well as increased product offerings through partnerships and acquisitions. To evaluate cost-effective therapy for corneal ulcer treatment, manufacturers are evaluating new drugs via clinical trials For example, in Dec. 2019, Mallinckrodt plc enrolled the first patient in the company’s Phase 4, multi-center, multiple-dose, open-label study to assess the effects of Acthar Gel as a therapy option in patients with severe keratitis.

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Key Segments Covered In Global Corneal Ulcer Treatment Industry Research

By Drug class:

Antibiotics
Antifungals
Antivirals
Corticosteroids
NSAID’s

By Form:

Tablet
Eye Drops/ Ointments
Vials

By Route of Administration:

Oral
Topical
Injectables

By Indication:

Bacterial Keratitis
Fungal Keratitis
Viral Keratitis

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Author

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.

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Nandini Singh Sawlani

Global Sleep Apnea Implants Industry is Expected to Grow at an Exciting Rate of 13.8% and Reach US$1,158.1 Million by 2033 | FMI

The Global Sleep Apnea Implants Industry is on track for significant growth, according to a recent industry analysis. Valued at US$317.1 million in 2023, the market is projected to surge at a robust Compound Annual Growth Rate (CAGR) of 13.8% over the next decade, reaching a staggering US$1.16 billion by 2033.

One of the pivotal opportunities within this burgeoning landscape is the advancement of minimally invasive implant procedures. In this era of innovation, manufacturers have honed their focus on crafting implants that offer ease of insertion and adjustment with minimal surgical intervention. This strategic shift not only mitigates patient discomfort but also substantially reduces recovery times, leading to cost savings within the healthcare sector.

An exciting development in the realm of Sleep Apnea Implants is the integration of Artificial Intelligence (AI) and Machine Learning (ML) algorithms. By harnessing the power of these cutting-edge technologies, implants can now continuously monitor and analyze sleep patterns. They can adapt therapy settings in real-time, ultimately offering personalized treatment solutions that are tailor-made for individual patients.

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There is a growing demand for implantable devices that offer multi-modal therapy options. Key players are exploring the combination of neurostimulation with other therapeutic modalities, such as drug delivery or positional therapy, to provide comprehensive and more effective treatment solutions.

Advancements in remote monitoring and telemedicine technologies are creating opportunities for improved patient care and enhanced follow-up. Implants with remote monitoring capabilities enable healthcare providers to monitor therapy effectiveness, make necessary adjustments remotely, and provide timely interventions when needed.

Key Takeaways from the Global Sleep Apnea Implants Industry:

According to FMI, the United States is leading the growth in North America, capturing approximately 84.1% of the market share in 2022.
Sales of Sleep Apnea Implants in India are projected to experience a significant surge with an estimated compound annual growth rate (CAGR) of 18.2% in 2022.
The market for Sleep Apnea Implants will be predominantly driven by the OSA segment, which will continue to grow and dominate the market throughout the forecast period.
Hypoglossal Neurostimulation Devices hold the largest market share of 84.66% in the Global Sleep Apnea Implants Industry, indicating their prominence in the industry.
The OSA segment is expected to maintain its dominance in the Global Sleep Apnea Implants Industry, accounting for a market share of 91.34%.

“The Sleep Apnea Implants market represents a promising horizon for individuals affected by sleep apnea, as groundbreaking technologies are revolutionizing their lives by bringing back restful nights and rejuvenating their overall well-being during the day”, remarks an analyst at FMI.

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How Key Players are Revolutionizing the Manufacturing of the Global Sleep Apnea Implants Industry?

Key players in the Sleep Apnea Implants market are driving a revolution in manufacturing by introducing advanced technologies and innovative approaches. These companies are leveraging their expertise to develop implantable devices that provide effective and personalized treatment options for patients with sleep apnea.

By integrating cutting-edge features such as neurostimulation, these implants target the root cause of the condition and regulate breathing patterns during sleep. Key players are also focusing on improving patient experience by developing user-friendly therapy management systems that allow for remote monitoring and customization. With their continuous efforts, these manufacturers are revolutionizing the manufacturing of Sleep Apnea Implants, offering enhanced treatment outcomes and improving the quality of life for patients.

Key Players in the Global Sleep Apnea Implants Industry:

Inspire Medical Systems
Respicardia, Inc.
Medtronic Plc
LinguaFlex LLC
Siesta Medical, Inc.
Pillar Palatal LLC / The Snoring Center
Nyxoah SA
LivaNova/ImThera

Product Portfolio:

Inspire Medical Systems offers a comprehensive product portfolio in the field of sleep apnea treatment. Their innovative solutions include implantable devices and therapy management systems that provide effective and personalized treatment options for patients suffering from sleep-related breathing disorders.
Respicardia, Inc. specializes in providing a diverse product portfolio for the treatment of central sleep apnea. Their offerings include implantable neurostimulation devices that help regulate breathing and improve sleep quality, offering patients advanced and tailored solutions for managing their respiratory conditions.

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More Insights Available:

Future Market Insights offers an unbiased analysis of the Global Sleep Apnea Implants Industry, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

Global Sleep Apnea Implants Industry Segmentation:

By Product:

Phrenic Nerve Stimulator
Hypoglossal Neurostimulation Devices
Bone Screw Implant System
Flexible Tongue Retractor System
Palatal Implants/Pillar Procedure

By Indication:

Central Sleep Apnea
Obstructive Sleep Apnea (OSA)

By End User:

Hospitals
Ambulatory Surgical Centers
Office Based Clinics

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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Nandini Singh Sawlani

Global Medical X-Ray Detectors Industry is predicted to grow rapidly, with a CAGR of 5.7%, reaching US$ 3.2 Billion by 2029 | FMI

According to a recent industry analysis by Future Market Insights (FMI), the Global Medical X-Ray Detectors Industry is on track for significant growth. The market is projected to reach a value of US$39.7 million by the end of 2029, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.5%. This impressive growth builds upon the industry’s approximate US$25.6 million valuation in 2021.

The surge in the medical devices industry, particularly in imaging and diagnostic tests, is a key catalyst for this anticipated growth. Factors contributing to this upswing include a heightened focus on radiological diagnostic tests, an increasing burden of chronic diseases, and the advent of more efficient X-ray devices facilitated by consolidation and mergers in the medical devices market.

The Centers for Disease Control & Prevention (CDC) estimates that around 80 million Computed Tomography (CT) tests were performed in 2015 in the U.S. alone. A rise in some patients undergoing CT and radiography tests globally and an increase in several tests performed each year have led to significant demand for digital radiography detectors such as a-Si detectors. These factors have boosted the demand for a-Si X-ray flat panel detectors, directly fueling the growth of the Global Medical X-Ray Detectors Industry.

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Key Takeaways – Global Medical X-Ray Detectors Industry Study

Adoption of flat panel X-ray detectors in the global medical X-ray detectors market has increased significantly owing to distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film based).
Introduction of new technology such as Veradius X–ray system by manufacturers is expected to boost demand for thin flat detector devices and computed radiography (CR) detectors among end users.
Direct flat-panel medical X-ray detectors with comparatively higher technical advantage over indirect flat-panel medical X-ray detectors are expected to generate significant revenue.
Increasing adoption of digital X-ray systems for radiological imaging as compared to retrofit X-ray systems marks high revenue potential for the medical X-ray detectors market.

Cloud-based medical imaging and the growing shift from analog to digital X-ray detectors are key growth opportunities for the Global Medical X-Ray Detectors Industry.

Strategic Acquisitions Remains Favored Competition Strategy

Leading players in the medical X-ray detectors market such as GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansions by entering into partnership, merger, sales agreement and acquisition with local manufacturers from emerging economies. The aim behind these mergers and acquisitions is to reduce the product development cost, streamline the distribution channel, and strengthen the market position.

In December 2016, Canon Inc. acquired Toshiba Corp. medical unit. With the acquisition, Canon Inc. entered into diagnostics imaging devices market and leverage the core strength of Toshiba Medicals in diagnostic imaging. This acquisition would further strengthen Canon’s biomedical business.

Additionally, key players are focusing on research and development and the launch of new products based on exclusive developmental technologies, with emphasis on product differences. In November 2017, at the Radiological Society of North America (RSNA) tradeshow. Carestream Health showcased a mobile X-ray system with a carbon nanotube. The system entered the medical X-ray detectors market in May 2018 and is compatible with every DRX a-Si detector device providers by Carestream Health.

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Know More About FMI’s Report on Global Medical X-Ray Detectors Industry

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 segments from 2014 to 2029. The Global Medical X-Ray Detectors Industry 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 on the Global Medical X-Ray Detectors Industry on basis of product, panel size, modality, and end user.

Global Medical X-Ray Detectors Industry By Category By Product :

Indirect Flat-Panel Detectors
Direct Flat-Panel Detectors
Computed Radiography (CR) Detectors

By Panel Size :

Large-Area Flat-Panel Detectors
Small-Area Flat-Panel Detectors

By Modality :

Portable Detectors
Fixed Detectors

By Module Type :

Digital X-ray Systems
Retrofit X-ray Systems

By End User :

Hospitals
Diagnostic Centers

By Region :

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

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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.

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Nandini Singh Sawlani

Global Lacrimal Devices Industry Is Expecting Record-Breaking Revenue of US$39.7 Million by 2029, Driven by a 5.5% CAGR | FMI

The Global Lacrimal Devices Industry is on track for significant growth, according to a recent industry analysis by Future Market Insights (FMI). The market is projected to reach a value of US$39.7 million by the end of 2029, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.5%. This impressive growth builds upon the industry’s approximate US$25.6 million valuation in 2021.

Lacrimal devices, notably Nasolacrimal stents, have emerged as a groundbreaking advancement in ophthalmic care. These devices provide a novel solution for tear drainage in cases where traditional tear ducts are nonfunctional, and alternative drainage options are limited. The inception of lacrimal stents dates back to 1932 when Dr. Graue introduced the concept, of utilizing silver wire as the primary material.

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Over the years, the lacrimal devices landscape has witnessed significant advancements, with various materials like silk, nylon, polyethylene, and polypropylene being employed to enhance performance and patient comfort. These small tubes are typically constructed from silicone or other semi-rigid yet flexible materials, featuring an open center lumen for optimal tear drainage.

The Global Lacrimal Devices Industry’s impressive growth can be attributed to ongoing innovations and increasing demand for effective tear drainage solutions. With a 5.5% CAGR driving the market’s expansion, it is clear that lacrimal devices are becoming an integral part of the ophthalmic industry, offering hope and improved quality of life to countless individuals worldwide.

The increased demand for ophthalmic treatments with greater success rates and minimum intrusions, as well as an increase in patients with nasolacrimal duct obstruction, are driving the Global Lacrimal Devices Industry.

During the projected period, the introduction of innovative and high-success-rate treatments will move the market forward. The adoption of precise and updated lacrimal devices, such as the new lacrimal cannula, which combines flexibility and strength to prevent trauma by providing easy access to the canaliculus, is a fundamental driver of market expansion.

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Manufacturers Emphasizing Advanced Product Development

Numerous organizations are focusing on new product development for lacrimal duct stent tubes. In June 2019, FCI Ophthalmic offered a complete line of BIKA stents namely, BIKA, BIKA for DCR, and Infant BIKA covering a range of sizes that will benefit most of the congenital nasolacrimal duct obstruction (CNLDO) and dacryocystorhinostomy (DCR) cases.

Key Takeaways – Lacrimal Duct Stent Tube Market Study

Bicanalicular lacrimal duct stent tube is expected to contribute a fourth of the revenue share in the lacrimal duct stent tube market owing to its high success rate in stent placement.
Hospitals captured the maximum share of the lacrimal duct stent tube market owing to the highest patient footfall followed by ophthalmic clinics.
Attributed to the growing patient pool for retinal diseases, especially due to premature births, contributed to the dominance of North America in the lacrimal duct stent tube market.
Increasing awareness for the availability of the treatment for nasolacrimal duct stent obstruction among caregivers of prematurely born babies and an increasing number of skilled professionals are expected to drive the growth of the lacrimal duct stent tube market in East Asia.

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Global Lacrimal Devices Industry Competitive Landscape

FCI Ophthalmics
Kaneka Corporation (Kaneka Pharma America LLC)
Gunther Weiss Scientific Glass
Bess Medizintechnik GmBH

Key Market Segments Covered In Global Lacrimal Devices Industry Research

By Product:

Monocanalicular Lacrimal Duct Stent Tube
Bicanalicular Lacrimal Duct Stent Tube

By End User:

Hospitals
Ophthalmic Clinics
Ambulatory Surgical Centers

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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Nandini Singh Sawlani

Global Radiation Toxicity Treatment Industry is expected to grow at an astonishing 5.8% CAGR and reach US$ 5.58 Billion by 2029 | FMI reports

The Global Radiation Toxicity Treatment Industry is on track for substantial growth, according to a new report by Future Market Insights (FMI). Valued at US$3.76 billion in 2022, the market is projected to surge at a steady pace, reaching an impressive US$5.58 billion by 2029. This translates to a Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period.

The past decade has witnessed a remarkable expansion in the installed base of internal radiation therapy machines, emerging as a key driver behind the industry’s surge. This growth can be attributed to the significant improvement in reimbursement scenarios and a favorable government policy framework in the field of cancer care. These advancements have enhanced the accessibility of radiation therapy, contributing significantly to the flourishing landscape of the Global Radiation Toxicity Treatment Industry.

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According to the survey, major businesses in Asia Pacific will continue to invest extensively in the development of new radiation therapies, in response to the region’s rising cancer prevalence and better rate of diagnosis.

The rising incidence of radiation toxicity in the healthcare and chemical industries drives the need for appropriate therapy. Another key factor contributing to market expansion is the recent FDA approval of various orphan medications that have been shown to effectively boost the survival rate in adult and pediatric radiation sickness patients. These application areas continue to provide prospects for growth in the Global Radiation Toxicity Treatment Industry.

Key Takeaways – Global Radiation Toxicity Treatment Industry Study

Increased use of colony-stimulating agents, such as Amgen’s Neulasta, will account for more than 75% of revenue share in the Radiation Toxicity Treatment market by 2029.
Non-ionizing radiation is expected to provide a lucrative opportunity to market participants due to high incidences of radiation toxicity caused by gamma radiation emission from positron emission tomography (PET) and single-photon emission computed tomography (SPECT) scanners installed in hospitals and diagnostic centers.
North America continues to lead the Radiation Toxicity Treatment market, while South Asia is expected to rise rapidly soon.

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Who Is Winning?

Some of the key players operating in the Global Radiation Toxicity Treatment Industry include Amgen Inc., Partner Therapeutics, Mylan N.V., and Novartis AG. Leading players in the Global Radiation Toxicity Treatment Industry are focusing on acquiring smaller companies to enhance their product portfolio and improve regional market positioning.

For instance, Siegfried Group announced the acquisition of a drug product manufacturing facility together with all related employees and contracts from Arena Pharmaceuticals GmbH in Zofingen, Switzerland. Also, in 2018, Partner Therapeutics (PTx) acquired global rights to develop, manufacture, and commercialize Leukine (sargramostim) from Sanofi.

More insights available

North America is expected to dominate the radiation toxicity market due to the high incidence of cancer in the region, favorable reimbursement policies, and well-established healthcare infrastructure. Europe is also expected to witness significant growth in the radiation toxicity market due to increasing government initiatives to promote radiation therapy and rising investments in research and development activities.

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Global Radiation Toxicity Treatment Industry by Category

By Product:

Colony Stimulating Factors
Potassium Iodide
Prussian Blue
Diethylenetriamine Pentaacetic Acid
Others

By Indication:

Acute Radiation Syndrome
- Bone Marrow Syndrome (Hematopoietic)
- Gastrointestinal Syndrome (GI)
- Cardiovascular (CV)
Chronic Radiation Syndrome

By Radiation Type:

Ionizing Radiation
- Alpha Radiation
- Beta Radiation
- Gamma Radiation
Non-ionizing Radiation

By End-User:

Hospitals
- Government Hospitals
- Private Hospitals
Research & Academic Institutes
- Government Research and Academic Institutes
- Private Research and Academic Institutes

Author

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.

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Nandini Singh Sawlani

Global Implantable Drug-Eluting Devices Industry Is Expected to Reach a Startling US$ 19.3 Billion by 2029, with a 6.0% CAGR | FMI

The Global Implantable Drug-Eluting Devices Industry is poised for significant growth, driven by advancements in technology and increasing demand for chronic disease management, according to a recent market analysis by Future Market Insights (FMI).

Market on Track for Steady Expansion

The market is projected to experience a robust Compound Annual Growth Rate (CAGR) of 6.0% from 2022 to 2029, exceeding a remarkable US$10 billion by the year’s end. This upward trajectory builds upon a strong foundation, with the market already boasting a valuation of approximately US$12.8 billion in 2022.

In a noteworthy trend, manufacturers leading the industry are harnessing advancements in micro and nanotechnology to craft innovative implantable drug-eluting devices, steering the industry towards unprecedented growth. These cutting-edge devices exhibit controlled and site-specific attributes, along with compatibility for targeted drug delivery. This unique combination not only simplifies intricate dosing schedules but also mitigates the systemic toxicity associated with conventional drug delivery systems.

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Remote-Controlled Chips and Programmable Devices – Future of Targeted Drug Delivery

Increasing clinical trials and research & development of remote-controlled and programmable drug-eluting devices

Massachusetts Institute of Technology (MIT) researchers have developed a remote-controlled contraceptive hormone (levonorgestrel) delivery chip implant, which can turn the device on and off.

Implantable drug-eluting devices allow minimum effective doses and support oral opioid weaning

Implantable drug-eluting devices such as SynchroMed II intrathecal drug delivery system with a controlled workflow system, play an effective role in reducing or eliminating the use of oral opioids.

Antiretroviral (ARV) drug implant is expected to emerge as a promising approach for HIV treatment and prevention

In July 2022, Merck & Co. started the development of slow-release antiretroviral (ARV) drug implants as a promising approach for HIV treatment.

The growth of the Global Implantable Drug Eluting Devices Industry can be prominently attributed to the associated cost-effective technology and novel medication administration techniques. Fewer side effects while these devices are utilized in the management of chronic diseases as well as in contraception have been the strongest attribute accounting for a steadily expanding market for implantable drug-eluting devices. Says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Know More About Global Implantable Drug-Eluting Devices Industry Report

The Global Implantable Drug-Eluting Devices Industry, a new study from Future Market Insights, opines on the evolution of the implantable drug-eluting devices market from 2014 – 2021 and presents demand projections from 2022 – 2029 based on product type (implantable drug infusion pumps, intraocular drug-eluting devices, contraceptive drug-eluting devices, buprenorphine implant, and drug-eluting stents), technology (active drug-eluting devices and passive drug-eluting devices) applications (diabetes macular edema, birth control/contraception, opioid addiction, cardiovascular, ophthalmology, oncology, pain management, others) implantation type (intravaginal, intravascular, intraocular, intrathecal, subcutaneous, intrauterine) end users (hospitals, ambulatory surgical centers, optical care centers, cardiac surgery centers, office-based setting, and others) in seven prominent regions.

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Medical-Pharma Collaborating to Balance Demand and Supply

A comprehensive view of the Global Implantable Drug Eluting Devices Industry has led our analysts to conclude that, the market is expected to grow at an impressive rate. This market growth is mainly attributed to increasing innovations and developments in implantable drug-eluting devices for the management and treatment of breast cancer, schizophrenia, Parkinson’s disease, and photosensitivity diseases. Besides, FMI analyst suggests that markets in North America and Europe are expected to hold major value shares in the global implantable drug-eluting devices landscape. To cater to the rising demand for implantable drug-eluting devices, medical device companies are collaborating with pharmaceutical companies to develop efficient drug-delivery devices.

Increasing use of syringe-based subcutaneous implantable drug-eluting devices is anticipated to minimize the number of invasive surgical procedures. The introduction of implantable drug-eluting devices or rare conditions such as central precocious puberty (CPP) will emerge as an important factor shaping the market for implantable drug-eluting devices.

Key Market Segments Covered in Global Implantable Drug-Eluting Devices Industry Research

By Product:

Implantable Drug Infusion Pumps
Intraocular Drug-Eluting Devices
Contraceptive Drug-Eluting Devices
Buprenorphine Implant
Drug-Eluting Stents
Others

By Technology:

Active Drug Eluting Device
Passive Drug Eluting Device
- Biodegradable Implants
- Non-Biodegradable Implants

By Application:

Diabetic Macular Edema
Birth Control/Contraception
Opioid Addiction
Cardiovascular
Ophthalmology
Oncology
Pain Management

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Author

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 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

Plant-Based Sausages Market Set to Surge, Valued at US$ 12,936.9 Million by 2033

In 2023, the plant-based sausages market is anticipated to be worth US$ 1,228.1 million. By 2033, the market is projected to be worth US$ 12,936.9 million. Throughout the forecast period, the market is anticipated to have a CAGR of 26.5%.

How Does Popularity of Plant-based Sausages Propel the Market Size?

The popularity of plant-based sausages is growing due to several factors in the global market, including:

Increased consumer demand:More and more consumers are looking for plant-based alternatives to meat products due to health, environmental, and ethical concerns.
Product innovation:Plant-based sausage manufacturers have been developing new products that more closely mimic the taste and texture of traditional meat-based sausages. It has made plant-based sausages more appealing to consumers looking for alternatives to meat products.
Widening availability:Plant-based sausages are now available in various supermarkets, restaurants, and other food service establishments. This increased availability has made it easier for consumers to find and try plant-based sausages.
Support from retailers and food service providers:Many retailers and food service providers now offer plant-based sausages on their menus and stores. This support has helped to increase awareness of plant-based sausages and has made them more accessible to consumers.
Rising investments:Venture capitalists, food businesses, and other investors are increasingly investing in the plant-based meat sector. The industry’s growth and innovation are being fueled by this investment.

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Manufacturers Bring Lucrative Opportunities in the Global Market

There are Several Opportunities in the Plant-Based Sausages Market, Including:

Expansion in new markets:Manufacturers of plant-based sausages can expand their businesses by establishing new markets, such as new regions, retail channels, or food service industries.
Product innovation:There is a significant opportunity for innovation in the plant-based sausage market, including developing new flavors, textures, and formats. Manufacturers can also explore new ingredients and production methods to differentiate their products from competitors.
Partnership and collaboration:Plant-based sausage manufacturers can partner with other companies in the food industry, such as restaurants or food service providers, to expand their reach and increase sales.
Health and wellness trends:Consumers are increasingly interested in health and wellness, allowing plant-based sausage manufacturers to develop products that meet this demand, such as low-sodium or low-fat options.
Convenience and portability:Plant-based sausages can be convenient and portable for consumers looking for quick and easy meals. Manufacturers can explore new packaging formats or product configurations to appeal to this market.
Sustainability and environmental concerns:With the growing awareness of environmental issues, plant-based sausage manufacturers can highlight their products’ sustainable and environmentally-friendly aspects to attract consumers concerned about their food choice’s impact.

Key Takeaways:

The plant-based sausages market is expected to reach a valuation of US$ 12,936.9 million by 2033.
With a CAGR of 26.5%, the global market is increasing during the forecast period.
The United States plant-based sausages market is anticipated to record a CAGR of 3% through 2033.
Historically, the market secured a CAGR of 6% between 2018 and 2022.

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Competitive Background:

In the market, there are very limited key companies. The players innovate several unique and innovative products as per consumers’ requirements. However, these essential players upsurge the market by investing their capital in research & development activities. These players adopt a few marketing strategies: mergers, collaborations, partnerships, and acquisitions.

Other Prominent Players in the Market are:

Beyond Meat
Impossible Foods
Tofurky
Lightlife Foods
Field Roast
The Vegetarian Butcher
MorningStar Farms
Gardein
Amy’s Kitchen
Nestlé S.A.
Kellogg Company
Conagra Brands
Maple Leaf Foods
The Meatless Farm Co.
Moving Mountains
Quorn Foods
Fry’s Family Foods
Yves Veggie Cuisine
Alpha Foods
No Evil Foods

Recent Developments in the Market are:

Beyond Meat: Beyond Meat is a leading plant-based meat company offering various products, including plant-based sausages. In 2021, Beyond Meat launched its new Beyond Breakfast Sausage Links, designed to taste and look like traditional pork breakfast sausages.
Impossible Foods:Impossible Foods is another leading plant-based meat company that offers a range of products, including plant-based sausages. In 2021, Impossible Foods launched its new Impossible Sausage Made from Plants, designed to taste and look like traditional pork sausage.
Nestle: Nestle is a multinational food and beverage company offering plant-based meat products, including plant-based sausages. In 2021, Nestle announced that it was launching a new range of plant-based sausages under its Garden Gourmet brand in Europe.
Tofurky:Tofurky is a company that specializes in plant-based meat alternatives, including plant-based sausages. In 2021, Tofurky launched a new line of plant-based sausages called DIY Sausages, which allows consumers to create their sausages using the company’s plant-based sausage mix.
Field Roast:Field Roast is a company that specializes in plant-based meat alternatives, including plant-based sausages. In 2021, Field Roast launched a new line of plant-based sausages called Signature Stadium Dogs, designed to taste and look like traditional hot dogs.

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Plant-based Sausages Market by Category

By Product Type:

Plant-based Chicken
Plant-based Beef
Plant-based Pork

By Source:

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava-bean Based Protein- {Potato-based Protein, Rice-based Protein}
Lentil-based Protein
Flax-based Protein
Chia-based Protein
Corn-based Protein

By Distribution Channel:

Retail- {Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail}
HoReCA

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Examining Dairy Ingredients Market Trends: Anticipated 6% Compound Annual Growth Rate (CAGR) for 2023 to 2033

The dairy ingredients market is predicted to grow at a CAGR of 6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 66 Billion in 2023 to US$ 118 Billion by 2033 end.

The dairy ingredients market is strongly supported by the largest contribution of the U.S. market. All 50 states in America have dairy farms, and almost 95% of them are owned by family businesses. The milk that they produce is used by large corporates to process, package, and create other dairy products like cheese and yogurt. High demand for dairy products and ingredients due to the escalating number of netizens and easily accessible health and diet information is propelling the market.

The wide range of applications of dairy ingredients in bakeries and confectionery is boosting the dairy ingredients market. High consumption of confections that include dairy ingredients like milk chocolate, caramel, fudge, pralines, and toffee, is stimulating the demand for dairy ingredients. The category growth is forecast to be fueled by demand for premium indulgent chocolates. Chocolates are available both as an affordable routine snack and luxury gifting items. Promising growth opportunities for this segment are expected to strongly influence the scope of dairy ingredients manufacturers.

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Latest News Pertaining to the Developments by Dairy Ingredients Key Players:

In 2021, Eurial I&N introduced EuriNutri WPC, a whey protein concentrate ingredient that has about 80% of protein content. The product is suitable for post-effort recovery and pre-workout nutrition.
In 2020, Arla Foods unveiled its first organic ingredient, MicelPure, which is a micellar casein isolate. The ingredient includes at least 87% of native milk protein and has low lactose and fat content.
In 2020, Lactalis Ingredients released a new skimmed milk powder, which has excellent heat stable qualities. The product is ideal for formulating condensed milk. It is developed in Lactalis plant located in Germany.

Key Takeaways from the Dairy Ingredients Market:

The United States dairy ingredients market is predicted to hold major share in the global market. As per FMI’s estimated, the market worth would stand at a lucrative US$ 41.8 Bn by 2033. Over the coming years, the market would accelerate at 5.8% CAGR.
After U.S., China would lead the global market by achieving the market size of US$ 8.5 Bn by 2033. In the span of next 10 years, the Chinese market would expand at a CAGR of 5.5%.
Under the product type category, the proteins segment holds the largest market share. This could be attributed to the rising health-conscious consumers who are incorporating proteins in their diet by consuming dairy products or protein supplements. The segment is forecast to grow at a CAGR of 5.9%.
The growing preference for powdered dairy ingredients due to extended shelf-life and wide applicability is propelling dairy ingredients market. The powdered form of dairy ingredients is predicted to grow at a CAGR of 5.6%.

Key Segments

By Product Type:

Proteins
Milk Powder
Milk Fat Concentrates
Casein and Caseinates
Lactose & Its Derivatives
Whey
Other Types

By Form Type:

Powder
Liquid

By Application:

Bakery & Confectionery
Dairy Products
Sports Nutrition Products
Infant Formulas
Cosmetics
Pharmaceuticals
Other Applications

By Distribution Channel:

E-Commerce
Specialty Retailers
Supermarket & Hypermarket
Others

By Region:

North America (U.S & Canada)
Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain & Rest of Europe)
South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia & New Zealand and Rest of South Asia & Pacific)
East Asia (China, Japan & South Korea)
Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)

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Frequently Asked Questions

How will the global dairy ingredients market expand in the future?
What drivers underpin the global dairy ingredients market growth?
Which is the most prominent dairy ingredient type?
Which is the largest dairy ingredient market?
Which are the prominent dairy ingredients market players?

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Aquarium Enthusiasts Fuel Aquarium Heaters and Chillers Sales. Aquarium Heaters and Chillers Market to Register a CAGR of 4.9% through 2033.

The aquarium heaters and chillers market size is anticipated to be valued at US$ 31,015.3 million in 2023. The aquarium heaters and chillers sales are expected to surge at a 4.9% CAGR, with a market value of US$ 49,895.6 million by 2033.

The global aquarium heaters and chillers market is anticipated to develop steadily. The United States and the United Kingdom to become significant markets due to the widespread acceptance of fish as pets by people in the countries.

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Growth Opportunities for Aquarium Heaters and Chillers Manufacturers

Consumers now profoundly understand fish care and the critical function that related goods, including plastic aquarium heaters and chillers, play in preserving aquatic ecosystems. Key aquarium heaters and chillers manufacturers are aggressively adjusting to this knowledgeable consumer base by consistently improving their product offers.

Businesses are spending extensively on research and development to enhance the effectiveness and usefulness of plastic aquarium heaters and chillers to remain competitive.

Low- and middle-income nations have significant aquarium heaters and chillers market expansion potential. There is a considerable possibility for substantial firms to break into these areas and increase their sales as these regions see economic expansion and a rise in aquarium interest. Heating and cooling system advancements have given manufacturers a competitive edge.

Businesses are securing the long-term aquarium water temperature management market growth by developing cutting-edge products and capitalizing on new markets’ untapped potential.

Limited Access to Fish Care Information Stifles Aquarium Heaters and Chillers Sales

Lack of knowledge, especially in emerging nations is the main reason for the constrained aquarium heaters and chillers sales. It is hard to find information about fish tank temperature maintenance in these nations. These goods are essential in controlling aquariums’ water temperature, but a knowledge gap prevents potential buyers from realizing this.

A positive shift is taking place as pet owners become concerned with the well-being and welfare of their animals. The aquarium heating and cooling solutions manufacturers are becoming informed, seeking unexplored markets and removing old obstacles. By satisfying this growing need, key businesses have a unique chance to increase their aquarium heaters and chillers market share and sales.

The freshwater aquarium temperature management market can overcome these obstacles and prosper in the changing world of pet care by informing and involving consumers about the need for aquarium temperature sensor regulation.

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Regional Outlook

The regional aquarium temperature control market outlook reveals a varied landscape with different demand trends. A thriving pet sector and a rising habit of keeping exotic fish species are causing North America to maintain its dominant position in the aquarium heaters and chillers market. With a focus on environment-friendly aquaculture methods and increasing interest in ornamental fish, Europe is closely behind.

The popularity of aquariums in homes and businesses, especially in nations like China and Japan, is causing the Asia Pacific to blossom as a lucrative aquarium heater and chiller units market. Climatic considerations influence regional variations in the demand for aquarium heaters and chillers.

Aquarium climate control goods are needed in coastal areas with harsh weather. Ecological-friendly and energy-efficient solutions are gaining popularity, and the aquarium temperature regulators market shows great potential.

Key Takeaways

The submersible chillers segment is estimated to grab a share of 39.1% by 2033.
In the end user category, the commercial segment is likely to account for a market share of 68.7% from 2023 to 2033.
By 2033, Canada anticipates capturing a 2.4% market share.
The United States aquatic temperature management market is forecasted to attain a 25.1% market share by 2033.
By 2033, Germany is expected to hold 5.4% of the market share.
The market share in Japan is expected to reach 5.8% by 2033.
Until 2033, China market may grab a market share of 6.9%.
The market in India is likely to hold a share of 3.6% through 2033.
The market in the United Kingdom is anticipated to grab a share of 3.2% by 2033.
The market in Australia is expected to have 2.2% of the market share by 2033.

Competitive Analysis

Leading aquarium heaters and chillers manufacturers are striving to diversify their product portfolios through research and development. They invest in mergers, acquisitions, and collaborations to expand their reach in undeveloped markets.

Cutting-Edge Developments

Hagen Group established a new distribution center in Las Vegas, Nevada, expanding their western US distribution capabilities in collaboration with Mikhaiel Logistics and Prologis.
Hagen introduces new Fluval Reef Aquarium Sets, which provide hobbyists with all-in-one solutions for constructing and sustaining attractive and thriving reef environments.
EHEIM introduces pHcontrol+e, an innovative aquarium pH monitoring and optimization device. It links to smartphones and computers, automatically measuring and altering pH levels via CO2 delivery, benefiting fish and plants.

Key Players:

EHEIM GmbH & Co. KG.
Finnex Stores
Rolf C. Hagen Group
Fluval Co.
Cobalt Aquatics
Ista Professional Aquarium System
CNCEST
Penn-Plax
ShenZhen Inkbird Technology Co., Ltd.
OTTULUR Co.
DaToo
Miumaeov Co.
Ethedeal
OTVIAP
Anself
Hamilton Technology

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Key Segments

By Product Type:

In-line Heaters
Submersible Heaters
In-line Chillers
Submersible Chillers

By End-User:

Private
Commercial

By Material Type:

Plastic
Metal Alloys
Other

By Sales Channel:

Wholesalers/Retailers
Hypermarket/Supermarket
Direct Sales
Specialty Stores
Online stores
Others Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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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