Global Biologic Excipients Industry is expected to grow at a solid 3.4% CAGR and reach US$ 1.7 Billion by 2028 | FMI Analysis

Global Biologic Excipients Industry
Global Biologic Excipients Industry

The Global Biologic Excipients Industry is on track for stable growth, according to a recent report by Future Market Insights (FMI). Currently valued at US$1.4 billion in 2022, the market is projected to reach US$1.7 billion by 2028, reflecting a steady CAGR of 3.4%.

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Global Biologic Excipients Industry: Segmental Analysis & Forecast

The global market is segmented based on excipient type, end user, and region. Based on excipient type the market is segmented into polymers, sugar alcohols, polysorbates, inorganic salts, amino acids, surfactants, and others. Polymer biologic excipients are anticipated to lead the biologic excipients market over the forecast period. Polymer biologic excipients account for the highest revenue share and are anticipated to witness a growth rate of 3.7% over the forecast period.

The market is segmented by end-users into biopharmaceutical manufacturers, contract research organizations/contract manufacturing organizations, and research organizations. Biopharmaceutical manufacturers are the leading segment in the Global Biologic Excipients Industry over the forecast period. This segment accounts for a relatively higher revenue share, which is expected to register a CAGR of 6.0% over the forecast period.

Global Biologic Excipients Industry: Dynamics

Growth of the Global Biologic Excipients Industry is primarily driven by rising global demand for medicines, greater uptake of biologics driving demand for parenteral formulations, increasing acquisition of contract research organizations, patent expiration of major blockbuster drugs, growing adoption of advanced drug delivery technologies, increasing research in pediatric formulations, growing demand for extended-release or sustained release formulations, increasing demand for oral solid drug formulations, rising demand from emerging economies pushing local drug production, and increasing per capita healthcare expenditure.

However, lack of proper data documentation on the grass status of excipients, regulatory audits restricting supply capacity, regulatory hurdles deterring novel excipient development, and stability testing of excipients imposing cost liabilities on drug manufacturers are some factors expected to hamper the growth of the Global Biologic Excipients Industry over the forecast period.

A key trend witnessed in the biologic excipients market is the increasing adoption of continuous processing of biologic excipients, the dependence of large drug manufacturers on in-house biologic excipients production, vast proportion of imported excipients leading to production delays, and regulatory harmonization concerning gradation of excipients. Furthermore, the growing importance of developing biologic excipients by big players to enhance their product portfolio, the growing importance of manufacturing authorization, the growing market for topical and parenteral applications, and compulsory licensing promoting demand for biologic excipients are the key trends likely to be witnessed in the Global Biologic Excipients Industry

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Global Biologic Excipients Industry: Regional Analysis

The North American regional market is projected to dominate the Global Biologic Excipients Industry, accounting for a maximum revenue share of the global market by 2017 end. The North America, Western Europe, and Asia Pacific markets accounted for 77.3% of the total biologic excipients market share in terms of value in 2017. Revenue from the market in APEJ is estimated to expand at a CAGR of 4.2% over the forecast period.

Global Biologic Excipients Industry by Category

Excipient Type:

  • Polymers
  • Sugar Alcohols
  • Polysorbates
  • Inorganic Salts
  • Amino Acids
  • Surfactants
  • Others

By End User:

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APECJ
  • Middle East & Africa
  • Japan

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

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

About Future Market Insights (FMI)

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

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Dental Laboratory Market is Expected to Grow at a rate of US$53.7 Billion by 2032 with a CAGR of 5.6% due to Automation and Technology

Dental Laboratory Market
Dental Laboratory Market

The global dental laboratories market is likely to increase significantly, with a projected Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. This growth is expected to cause the market value to soar from roughly US$29.24 billion in 2021 to even greater heights by 2032.

The dental laboratory’s primary duty in restorative dentistry is to precisely duplicate all of the functional and aesthetic specifications that the dentist has specified in a restorative solution. A rise in medical procedures and dental tourism as a result of persuasive marketing strategies that undermine the aesthetic value of dental integrity. This has affected the dental laboratories market’s growth on a global scale.

Both the process flow of the dental office and the operational structure of dental laboratories have undergone rapid improvements. These developments include the Internet of Things (IoT), quick digitalization, and the integration of artificial intelligence into routine dentistry workflows and treatments. This standard adds tailored effects to personalized therapeutic approaches, making it easier for practitioners to choose a time- and money-efficient strategy.

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Dental Laboratories Market- Competitive Landscape:

Given the extreme fragmentation of the dental laboratory sector, significant acquisitions and mergers involving joint ventures between private equity companies and sizable dental service providers are anticipated to spur market expansion.

It is anticipated that these acquisitions and mergers would lead to market consolidation, enabling large corporations to share in the gains from white space acquisitions.

For instance:

  • Dentsply Sirona unveiled upgrades on its CEREC system in February 2021, which offers improved processes in terms of materials, the convenience of use, and performance.
  • In September 2021, Planmeca Group announced plans to purchase the KaVo Treatment Unit & Instrument Company, bolstering its position as a leading provider of advanced dental solutions.

Key Market Players:

  • Envista Holdings Corporation
  • Dentsply Sirona
  • A-dec Inc.
  • Straumann AG
  • Danaher Corporation
  • Zimmer Biomet Holdings, Inc.
  • Ultradent Products, Inc.
  • GC Corporation
  • Mitsui Chemicals, Inc.
  • Planmeca OY
  • Bego GmbH & Co. Kg
  • Septodont Holding
  • Ivoclar Vivadent AG
  • Henry Schein, Inc.
  • Champlain Dental Laboratory, Inc.
  • Knight dental design
  • National Dentex Corporation
  • 3M Health Care

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Key Market Segments Covered In Dental Laboratories Industry Research

By Equipment:

  • Dental Radiology Equipment
  • Dental Lasers
  • Systems & Parts
  • Laboratory Machines
  • Hygiene Maintenance Device
  • Others

By Product:

  • Restorative
  • Orthodontic
  • Endodontic
  • Implant
  • Oral Care

By Region:

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

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About Future Market Insights (FMI)

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

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

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Global Behavioural Health Industry is expected to grow at a consistent rate of 2.30%, reaching a value of US$ 175.7 Billion By 2034

Global Behavioural Health Industry
Global Behavioural Health Industry

The Global Behavioural Health Industry is poised for significant expansion, according to a recent market analysis by Future Market Insights (FMI). The market, currently valued at an estimated US$127 billion in 2024, is projected to experience a steady Compound Annual Growth Rate (CAGR) of 2.30% by 2034.

This anticipated growth is underpinned by increasing recognition of the importance of mental health and well-being globally. Future Market Insights, a leading authority in Healthcare, is at the forefront of driving innovations and solutions in the behavioral health landscape.

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Global Behavioural Health Industry: Segmental Analysis & Forecast

The global market for behavioral health is divided into these categories based on service type, disorder type, and geography. The market is divided into outpatient counseling, intensive case management, home-based treatment services, inpatient hospital treatment, emergency mental health care, and other service types based on the type of service provided. The type segment for inpatient hospital treatment services is predicted to have the biggest revenue share in the global market for behavioral health. In the upcoming years, home-based treatment services are anticipated to grow in popularity with consumers, with a CAGR of 4.0% predicted for this market during the projected period.

The market is divided into sections based on the types of disorders: drug abuse disorder, eating disorder, post-traumatic stress disorder (PSTD), bipolar disorder, and depression, among others. Due to a large patient pool internationally and a high acceptance of behavioral health therapy among patients with anxiety issues, the anxiety disorder sector is predicted to continue to lead the global behavioral health market among all condition categories. The WHO estimates that 260 million individuals worldwide have an anxiety disorder.

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Key trends among end users in the world behavioral health industry include increased drug and alcohol exposure among young adults and tighter insurance policies for mental health. Additionally, outpatient counseling for kids with ADHD, rehabilitation programs for those with substance abuse disorders, awareness-raising efforts for mental illnesses and drug addiction, etc. are some of the main drivers propelling the expansion of global behavioral health. The global market is anticipated to have positive revenue growth as a result of government measures to ease the burden of mental illness and the provision of rehabilitation services by non-governmental organizations (NGOs).

Global Behavioural Health Industry: Competition Analysis

The global behavioral h is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured global neathlioural health market report include Acadia Healthcare Co., Inc., Universal Health Services Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health LLC, Seton Healthcare Family (Ascension Health) and Ocean Mental Health Se, services Inc., etc. among others.

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Global Behavioural Health Industry – Key Segments

By Service Type:

  • Outpatient Counselling
  • Intensive Care Management
  • Home-based Treatment Services
  • Inpatient Hospitals Management
  • Emergency Metal Health Service
  • Others

By Disorder Type:

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • 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
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Dental Crown Removal Market is Expected to Grow, Reaching US$461.9 Million by 2033 With a 4.6% CAGR

Dental Crown Removal Market
Dental Crown Removal Market

The global dental crown removal market is anticipated to increase steadily and reach a projected valuation of US$461.9 million by 2033. With a 4.6% Compound Annual Growth Rate (CAGR) in 2023, this would raise the market value to US$294.59 million.

Restorative dentistry is the field in which dental crown applications predominate. Patients and dentists find dental crowns with an exterior made of glass or ceramic materials to be highly appealing. because of the physicochemical properties of these materials. For instance, enough strength, outstanding beauty, chemical resistance, low heat conductivity, transparency, biocompatibility, and resistance to wear..

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In the field of dental crown removal, there is an increasing demand for better visualization of pulp morphology and tooth fractures, which are indicative of numerous dental problems. Additionally, after pathogenic elements are discovered by radiographic examinations as the source of oral and dental infections, dental crown removal is performed for endodontic treatment or retreatment of teeth that have already had endodontic treatment in order to eliminate pathogenic elements.

Key Takeaways:

  • The dental crown removal market is predicted to register a CAGR of 4.6% with a valuation of US$ 461.9 million in 2033.
  • In the historical period, the market secured a CAGR of 3.5% between 2018 and 2022.
  • The United States is estimated to lead the global market by securing a share of 31.6% by 2033.
  • Germany is significantly growing the global market size by capturing a share of 7.5% during the forecast period.
  • With a share of 5%, Japan is anticipated to drive the global market during the forecast period.
  • Australia is projected to capture a share of 4.7% in the global market by 2033.

Key Players:

Key players play a crucial role in the global market by developing high-quality and long-lasting dental crowns. They offer different types of dental crowns with varying price ranges to patients. They are also developing automated dental crown removal tools and related equipment widely used by healthcare professionals and dentists.

The key players are adopting various marketing tactics, including collaborations, mergers, acquisitions, partnerships, product launches, and agreements. A few of the key players are mentioned below:

Dentsply Sirona: The company provides a range of dental crown and dental removal tools with advanced technology. A few of these tools are carbide cutters and diamond burs.

Komet USA: The company is a leading supplier of dental tools and instruments in the global market. They offer a variety of dental crown removal tools to offer better treatment to patients.

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Other Prominent Players in the Global Market are:

  • Integra LifeSciences Corporation
  • Artman Instruments
  • PREMIUM INSTRUMENTS
  • OdontoMed2011
  • ProDent USA
  • Wise Instruments
  • Hu-Friedy Mfg. Co., LLC
  • Medspo Instruments
  • Morrell Dental
  • Dentmark
  • Addler
  • Polident
  • Goldfinch
  • GDC
  • Dentus
  • DMG
  • Osung
  • Trust & Care
  • API
  • Dental

Recent Developments in the Global Market are:

  • In 2021, Brasseler USA launched its new diamond burs Brasseler USA Xcite. This new dental crown removal offers superior cutting options with better performance. It reduces the time of dentists and patients during the procedure.
  • In 2020, Kerr Dental launched its new product SonicFill 3 composite filling system. It offers easy-to-use, fast, reliable, and efficient methods to fill cavities.
  • In 2020, Hu-Friedy announced its newly launched Harmony Ergonomic Scalers and Curettes. It is designed to improve clinical comfort and reduce fatigue during dental procedures. The company aims to provide this product to enhance patients’ experiences.

Key Segments:

By Technique:

  • Conservative
  • Semi-Conservative
  • Destructive

By Product:

  • Manual Systems
  • Automatic Systems

By End User:

  • Hospital
  • Dental Clinics
  • Ambulatory Surgical Centres

By Region:

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

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About Future Market Insights (FMI)

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

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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Residential VoIP Services Market: Explosive Growth Expected, Reaching $67.8 Billion by 2033

The Residential VoIP Services Market is on a trajectory of remarkable growth, with expectations to surge from a valuation of US$ 22,102.1 million in 2023 to an impressive US$ 67,819.1 million by the end of 2033. Over the course of this ten-year projection, the global demand for residential VoIP services is anticipated to soar at an impressive CAGR of 11.9%.

Key Market Shaping Factors:

  • Rapid shift from plain old telephone service to IP telephony or VoIP services will drive the global market forward
  • Rising penetration of 5G along with expansion of high-speed internet infrastructure is expected to boost residential VoIP services industry
  • High adoption of smartphones is likely to support market expansion during the assessment period
  • The launch of new VoIP services with additional features such as video conferencing and instant messaging will boost the market
  • High adoption of cloud services to boost residential VoIP services would find usage worldwide
  • Growing usage of mobile VoIP apps will create new growth prospects for the market
  • Increasing popularity of video calling and conferences through novel apps among end-users is forecast to boost the market

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Drivers and Opportunities:

Several key factors are shaping this impressive growth:

  • The rapid shift from traditional telephone services to IP telephony or VoIP services is propelling the global market forward.
  • The widespread adoption of 5G technology, coupled with the expansion of high-speed internet infrastructure, is set to power the residential VoIP services industry.
  • The high penetration of smartphones is expected to provide robust support for market expansion throughout the assessment period.
  • The introduction of innovative VoIP services incorporating features like video conferencing and instant messaging is poised to further stimulate the market.
  • The substantial adoption of cloud services is primed to drive residential VoIP services into extensive global usage.
  • The surging popularity of mobile VoIP apps is creating new growth vistas for the market.
  • The increasing preference for video calling and conferencing through novel apps among end-users is predicted to substantially boost market growth.

Competitive Landscape – Regional Trends:

The Residential VoIP Services Market exhibits a dynamic competitive landscape with players vying for dominance in various regions. This industry is evolving rapidly, with companies continually innovating to cater to the growing consumer demand for enhanced communication options.

Restraints:

While the prospects are promising, certain limitations and challenges need to be addressed:

  1. Market Definition/Scope/Limitations: The market is defined by its reliance on internet connectivity for voice communication, which can be subject to occasional disruptions.
  2. Competition Benchmarking: The industry is highly competitive, with numerous players striving for market share. This can lead to pricing pressure and innovation challenges.

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Global Residential VoIP Services Market Segmentation

By Service Location:

  • Domestic
  • International

By Revenue Model:

  • Pay-as-you-go Pricing
  • Subscription Pricing

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltics
  • Middle East and Africa

Author:

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

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

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,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Global Orthokeratology Industry will grow at a steady 4.80% CAGR to reach US$659.1 Million by 2034 | FMI

Global Orthokeratology Industry
Global Orthokeratology Industry

The Global Orthokeratology Industry is set for steady expansion, according to a recent market analysis. The market is currently valued at US$412.4 million in 2024 and is expected to reach US$659.1 million by 2034, reflecting a projected Compound Annual Growth Rate (CAGR) of 4.80%.

The Orthokeratology market, a key player in the vision care industry, is witnessing a transformative journey toward unparalleled success. The forecasted valuation signifies not only financial prosperity but also underscores the industry’s commitment to advancing eye care solutions globally.

This robust market expansion is attributed to several pivotal factors that have been instrumental in driving the Global Orthokeratology Industry forward:

  1. Advancements in Vision Correction: The market is witnessing substantial advancements in implantable vision correction techniques, bolstered by evolving regulatory frameworks and increased reimbursement for corrective procedures that adhere to industry standards.
  2. Rising Prevalence of Myopia and Chronic Eye Conditions: The escalating prevalence of myopia and chronic eye conditions, including diabetic retinopathy, is a significant driver behind the market’s growth, as orthokeratology offers an effective solution to these concerns.
  3. Growing Patient Awareness: There is a notable increase in patient awareness about Ortho-K, with information readily available through online channels. Moreover, recent years have seen a noteworthy improvement in the success rates of orthokeratology lenses, further fueling market growth.
  4. Emphasis on Healthy Lifestyles: The market’s growth is also influenced by a global emphasis on promoting healthy lifestyles, providing individuals with greater opportunities for well-being through orthokeratology’s non-invasive and effective vision correction solutions.

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Additionally, the high prevalence of chronic diseases like diabetic retinopathy is expected to positively influence the market prospects. Developments such as the emergence of ingenious orthokeratology products and implantable intraocular lenses will bolster the future possibilities for the orthokeratology market.

Though the orthokeratology industry looks forward to an overall healthy future market prospects, it is not without its share of restraints. The high initial cost of orthokeratology lenses, increasing cases of corneal infection in pediatric patients, less market penetration of the product along a lack of skilled professionals are factors that may subdue the growth of the orthokeratology market over the forecast period.

“High incidences of myopia and better benefits of Ortho-K lens as compared to the conventional ones are likely to boost the sales of orthokeratology in the global market over the forecast period,” says an FMI analyst.  

Global Orthokeratology Industry Key Takeaways:

  • The global orthokeratology market is expected to witness significant growth, reaching an estimated US$659.1 million by 2034.
  • The market is projected to experience a consistent CAGR of 4.80% over the next decade.
  • Growing demand for non-surgical vision correction methods, particularly among children, is a key driver of market growth.
  • The orthokeratology industry in China will record a high CAGR over the forecast period.
  • By indication, the myopia segment will continue to be a major market driver.
  • Based on distribution channels, optometry clinics will register the highest demand.

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Global Orthokeratology Industry Competitive Landscape 

The Cooper Companies Inc., Euclid Systems Corporation, Menicon Co., Ltd., GP Specialists, Inc., TruForm Optics, Inc., Art Optical Contact Lens, Inc., MiracLens L.L.C., and Contex, Inc., among others, are some of the major players in the orthokeratology market that are profiled in the full version of the report.

Major market players are focused on establishing a stronghold in China and Japan. Mergers and collaborations are certain tactics that these businesses employ to retain a competitive advantage.

More Insights into the Global Orthokeratology Industry Report

In its latest report, FMI offers an unbiased analysis of the global orthokeratology industry, providing historical data from 2013 to 2021 and forecast statistics for 2024 to 2034. To understand the global market potential, growth, and range, the market is segmented based on indication (myopia, presbyopia, hyperopia, astigmatism), distribution channel (hospitals, optometry clinics, ophthalmology clinics), and region.

According to the latest FMI reports, based on region, the orthokeratology industry in the United States is expected to undergo significant growth over the forecast period. The region is predicted to acquire a major chunk of the global market share by 2028. This growth can be attributed to the presence of a well-developed and established healthcare sector. Favorable government initiatives in the healthcare sector also support this market growth.

In China, the orthokeratology market is projected to exhibit a high CAGR over the forecast period. The region is expected to offer multiple lucrative opportunities to the orthokeratology industry. Prolonged usage of electronic devices such as laptops, smartphones, tablets, etc., has led to high rates of chronic eye damage. With the high prevalence of myopia and hyperopia, the target market in China is expected to grow at a rapid rate.

Based on segmentation, by indication, the myopia segment will likely create substantial market opportunities while, in terms of distribution channels, optometry clinics will dominate the market over the forecast period.

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Key Segments Covered in Global Orthokeratology Industry Survey

Global Orthokeratology Industry by Indication:

  • Myopia
  • Presbyopia
  • Hyperopia
  • Astigmatism

Global Orthokeratology Industry by Distribution Channel:

  • Hospitals
  • Optometry Clinics
  • Ophthalmology Clinics

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
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Fecal Pancreatic Enzyme Testing Market, Which is Projected to Reach US$31,842.3 Million by 2033 at a CAGR of 7.6%

Fecal Pancreatic Enzyme Testing Market
Fecal Pancreatic Enzyme Testing Market

The global fecal pancreatic elastase testing market is expected to rise significantly, with a forecast valuation of US$31,842.3 million by the year 2033. This means that from a market value of US$15,306.7 million in 2023, it will grow at a Compound Annual Growth Rate (CAGR) of 7.6% starting in 2023.

Pancreatic cancer is one of the leading causes of cancer-related mortality among young women. has an exceedingly bleak overall diagnosis and a chronically poor prognosis. Thus, there are numerous potential for the global pancreatic cancer sector to advance detection and therapy.

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Acute Pancreatitis Is Oftentimes:

Global cases of acute pancreatitis are on the rise, which is responsible for the market’s increasing growth rate. The two main causes of acute pancreatitis, especially in younger people, are gallstones and high alcohol consumption.

The risk of acute pancreatitis is rising due to obesity and gallstones being more common in the population. It is anticipated that this would lead to a rise in the need for effective drugs and medical equipment to cure the condition and minimize pain.

Gallstones, which account for 28 to 38 percent of all cases of acute pancreatitis (AP), are the frequent cause of the condition. Alcohol use accounts for 19 to 41 percent of cases and is the second-leading cause. Acute pancreatitis risk is exacerbated by the rise of gallstone patients.

Improved Treatment Options Spark Optimism:

New developments in therapeutic possibilities provide a glimmer of optimism despite the obstacles. Patients with pancreatic cancer are seeing longer life times thanks to the discovery of novel medication regimens and combinations.

Focus on Early Detection Remains Key:

Even though there are potential new treatment options, improving patient outcomes still heavily depends on early detection. The market for fecal pancreatic elastase testing is essential to this battle since it offers a non-invasive instrument for early detection and better patient care.

Competitive Landscape:

Manufacturers employ a number of crucial strategies to increase their clientele. Including the introduction of new products, developments in technology, collaborations, and distribution contracts amongst industry players.

Recent Development:

  • In June 2020, BÜHLMANN unveiled the BÜHLMANN fPELA® turbo, a revolutionary turbidimetric immunoassay. It has received CE certification and is intended to speed up the detection of human pancreatic elastase.
  • Pancreatic Elastase-Turbidimetric test, a quantitative turbidimetric test for the detection of human Pancreatic Elastase E1 in human solid stool samples. It was introduced by Vitassay, a developer and distributor of diagnostic tests, in May 2020.

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Some Key Companies are as follows:

  • Laboratory Corporation of America® Holdings
  • DiaSorin
  • ScheBo Biotech AG
  • Immundiagnostik AG
  • Invivo Healthcare
  • DRG Instruments GMBH
  • Verisana Laboratories
  • BÜHLMANN Laboratories AG
  • CerTest Biotec S.L.
  • R-Biopharm AG
  • American Laboratory Products Company, Ltd.
  • Vitassay Healthcare, S.L.U.

Key Segments Covered in the Market:

By Product:

  • Fecal Pancreatic Elastase ELISA Kits
  • Rapid Fecal Pancreatic Elastase Kits

By Indication:

  • Chronic Pancreatitis
  • Type 1 Diabetes
  • Cystic Fibrosis
  • Others

By End User:

  • Hospitals
  • Diagnostics Laboratories
  • Specialty Clinics

By Region:

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

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

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Radio Frequency Components Market Soars, Forecasted to Reach $99 Billion by 2033

According to latest industry data, the worldwide radio frequency components (RFC) market is on a strong development trajectory. According to the most recent statistics, the RFC market is expected to reach a value of $26.5 billion by 2023, representing a considerable step forward in its growth. The analysis also predicts a strong Compound Annual Growth Rate (CAGR) of 14.1% from 2023 to 2033, with market revenue expected to surpass US$ 99 billion by the conclusion of the projection period.

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Key Drivers Boosting the Demand for Radio Frequency Components:

  • Growing demand for radio frequency communication components in various applications, including radio station components and wireless communication systems
  • The rising popularity of low-end smartphones with enhanced functionality and increasing adoption of 5G technology in emerging countries
  • RF components such as antennas, transceivers, and wireless sensors are used in smart home devices for communication and connectivity
  • The requirement for low-power integrated circuits in smartphones to maximize battery life and reduce charging time
  • The proliferation of machine-to-machine connectivity and the rise of Internet of Things (IoT) devices
  • Rising demand for high-speed data transfer in the automotive, aerospace, and defense sectors
  • The explicit connectivity between radio frequency devices, including demodulators and power amplifiers
  • Broadening of government regulations concerning the use of radio frequency bands, specifically in consumer devices.
  • Increasing demand for active RF components for improved performance and efficiency

Radio Frequency Components Market Share and Growth Trends

The radio frequency components market has been witnessing robust growth owing to the increasing demand for wireless communication technologies across various industries. As the world continues to adopt 5G networks and Internet of Things (IoT) devices, the need for efficient and high-performance radio frequency components becomes paramount.

Drivers and Opportunities

The escalating demand for high-speed data connectivity, advancements in wireless communication technologies, and the proliferation of smart devices are driving the growth of the radio frequency components market. These components play a crucial role in enabling seamless communication across a wide range of applications, from smartphones and wearable devices to automotive and industrial systems.

Opportunities within the market are also being fueled by the expansion of 5G networks, which require sophisticated radio frequency components to ensure optimal performance. Moreover, the growing trend of automation and Industry 4.0 is expected to contribute significantly to the demand for radio frequency components in industrial applications.

Competition Analysis and Regional Trends

The radio frequency components market is characterized by intense competition among key players striving to offer cutting-edge solutions. Established companies and emerging startups are investing heavily in research and development to innovate and stay ahead in this competitive landscape.

Geographically, North America and Asia-Pacific are anticipated to hold substantial shares of the market, owing to their advancements in technology and large-scale adoption of wireless communication systems. Europe is also expected to witness significant growth due to its focus on Industry 4.0 and smart manufacturing.

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Radio Frequency Components Market Segmentation

By Product:

  • Antenna Switches
  • Duplexer
  • Filters
  • Power Amplifier
  • Others

By Application:

  • Consumer Electronics
  • Mobile Phones
  • Tablets
  • Others
  • Wireless communication
  • Automotive
  • Others

By Region:

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

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Author:

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

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

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 Meningococcal Vaccines Industry is expected to grow at an 8.6% CAGR and reach a benchmark of US$ 7.7 Billion by 2032 | FMI analysis

Global Meningococcal Vaccines Industry
Global Meningococcal Vaccines Industry

The Global Meningococcal Vaccines Industry is poised for significant expansion, according to a recent report by Future Market Insights (FMI), a leading market research firm. The market is projected to achieve a robust Compound Annual Growth Rate (CAGR) of 8.6% over the forecast period, reaching a substantial valuation of US$3.4 billion by 2022.

In a recent report, FMI unveils groundbreaking insights, positioning the conjugate vaccines segment as the industry frontrunner, commanding an impressive 62.6% revenue share in 2021. This highlights the pivotal role of conjugate vaccines in shaping the market landscape and steering its overall success.

The anticipated growth in the Global Meningococcal Vaccines Industry reflects a collective effort towards enhancing global healthcare and preventing the spread of meningococcal diseases. With advancements in vaccine technologies and increasing awareness about the importance of immunization, the industry is set to play a pivotal role in safeguarding public health.

Partnerships between the private sector and public institutions have been the chief agenda of global public health initiatives.

The last few years have witnessed an increase in several private-public partnerships specifically focussing on vaccine provision in developing countries. Partnerships like the International Coordinating Group on Vaccine Provision for Epidemic Meningitis Control (ICG) help magnify the vaccine outreach to remote areas of the world with the maximum need.

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The governments of several countries across the globe initiate immunisation programmes periodically and these programmes are backed by global organisations such as UNICEF and WHO and private not-for-profits like the Global Alliance for Vaccines and Immunization (GAVI).

A classic example of how private-public partnerships are helping boost vaccination programmes across deep regional pockets is Brazil.

In 2010, Ezequiel Dias Foundation, Brazil formed a strategic alliance with Novartis Vaccines & Diagnostics for the sustainable supply of Menjugate MenC vaccines for Brazil’s National Immunization Program. By 2015, Brazil became self-sufficient in the production of the meningococcal C conjugated vaccine for the country’s public vaccination programmes. Such initiatives at the global level are anticipated to support global immunisation goals and at the same time boost the growth of the Global Meningococcal Vaccines Industry

Key Companies Profiled in the Global Meningococcal Vaccines Industry:

  • Sanofi Pasteur Inc.
  • GlaxoSmithKline Plc
  • Wyeth Pharmaceuticals
  • Bio-Manguinhos
  • Bio-Med Pvt. Limited
  • Chongqing Zhifei Biological Products Co., Ltd.
  • Hualan Biological Engineering Inc.
  • Incepta Pharmaceuticals Ltd.
  • Pfizer INC
  • Serum Institute of India Pvt. Ltd
  • Walvax Biotechnology Co., Ltd.

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Factors Leading to Worldwide Adoption of Meningococcal Vaccination Programmes

The Global Meningococcal Vaccines Industry is expected to be driven by enhanced access to vaccines in low and middle-income countries, growing investments by manufacturers and governments to cope with pandemic meningitis outbreaks, and rapidly growing consumption of meningococcal vaccines bolstered by immunisation alliances and mass vaccination campaigns among others.

Partnerships and alliances between manufacturers and governmental healthcare organisations are facilitating the speedy introduction of vaccines in some of the economically challenged countries of the Middle East and Africa region. Enhanced access to vaccines in under-penetrated global markets is expected to accelerate revenue growth of the global meningococcal vaccines market.

Approval of new vaccines in the U.S. and Europe in 2015 and 2017 to treat meningococcal meningitis has revolutionised the global immunisation landscape. This is further boosting the growth trajectory of the global market for meningococcal vaccines.

GlaxoSmithKline to Lead the Global Meningococcal Vaccines Industry with About 50% Market Share Recorded in 2017

The Global Meningococcal Vaccines Industry is highly consolidated, with GlaxoSmithKline and Sanofi together holding about 80% of the global market share in 2017. Pfizer is the third largest company in this market with just under 12% market share in 2017.

Companies are expanding their production capacities through the acquisition of established vaccine production units of other global or local companies.

Sanofi has a huge pipeline of 17 active meningococcal vaccine programmes and is targeting emerging markets; while GlaxoSmithKline has 5 active pipeline programmes for meningococcal vaccines, all of which are in the phase II clinical stage. The addition of the vaccine Bexsero has enabled GlaxoSmithKline to defend its brand against Sanofi’s aggressive portfolio in the paediatric vaccines space.

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

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Key Market Segments Covered in Global Meningococcal Vaccines Industry Research

By Product:

  • Polysaccharide
  • Conjugate

By Age Group:

  • Infants
  • Children
  • Adolescents and Young Adults
  • Adults

By Distribution Channel:

  • Pharmacies
  • Community Clinics
  • Public Health Agencies
  • Others (hospital pharmacy, private market 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 Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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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Hormone Replacement Therapy Market is Expected to Grow Steadily and Reach US$23,729.6 Million by 2034 with 3.5% of CAGR

Hormone Replacement Therapy Market
Hormone Replacement Therapy Market

The global hormone replacement therapy market is projected to keep expanding and reach an estimated value of US$23,729.6 million by 2034. With a market valuation projected to reach US$16,825.2 million in 2024, this translates into a 3.5% Compound Annual Growth Rate (CAGR).

Hormone replacement therapy is becoming more widely known in this area. Asia is predicted to see a greater pace of growth for hormone replacement therapy, especially in China, Japan, and India. Any form of hormone therapy known as “hormone replacement therapy” involves giving a patient hormones as part of their medical care, either to make up for a deficiency in naturally occurring hormones or to replace them with other hormones.The time in most women’s lives when their menstrual cycles permanently end and they lose their ability to become pregnant is known as menopause. The menopause usually sets in between 45 and 55 years of age. Medical experts characterize a decline in the ovaries’ ability to produce hormones. Menopause often hits at age 40 for women who have experienced

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The primary forces behind the rise in demand for hormone replacement therapy are regenerative medications like anti-aging and reproductive cycle-boosting treatments like menopausal hormone replacement. Growth in the market is anticipated to be positively impacted by the rising demand in other therapeutic areas, such as growth hormone therapy and thyroid hormone therapy, because of these medications’ relative safety, effectiveness, and cost-effectiveness.

Furthermore, during the projected period, innovative formulations such as transdermal medications, gels, and creams that provide advantages like convenient drug administration and localized impact are anticipated to propel the expansion of the hormone replacement treatment market. Benefits of hormone replacement therapy include decreased risk of osteoporosis, cardiovascular disease, and vasomotor symptoms. These outcomes are anticipated to increase the

Key Players are Scheming for Success in the Hormone Replacement Therapy Market:

In order to position themselves for success, major companies in the hormone replacement treatment business are actively working together. In an effort to boost customer confidence and improve the effectiveness of these therapies, players are increasing their research and development expenditures. Market players are also trying to get product approvals and patents in order to diversify their offerings.

In order to raise awareness on postmenopausal issues, market participants are also collaborating with other companies or social media influencers. It is believed that this will increase customer awareness of the range of possibilities at their disposal.

Manufacturers are introducing hormone replacement medications in unique, user-friendly forms, such as pills and patches, in an effort to boost product uptake. In order to reach more customers, market leaders are likewise breaking down barriers..

New Developments Giving Shape to the Hormone Replacement Therapy Market

  • In June 2023, Pfizer’s NGENLA received FDA approval. The product acts as a long-acting once-weekly treatment for patients suffering from pediatric growth hormone deficiency. In August 2023, NGENLA became available in the United States.
  • In April 2023, Novo Nordisk reported that it had gained FDA approval for a new indication of Sogroya. These indications are intended for +2.5-year-old children who suffer from growth failure caused by insufficient endogenous growth hormone secretion.

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Prominent Companies in the Hormone Replacement Therapy Market are as Follows:

  • Eli Lilly and Company
  • Bayer AG
  • Noven Pharmaceuticals, Inc.
  • Pfizer Inc.
  • Merck & Co., Inc.
  • Viatris, Inc.
  • Novo Nordisk A/S
  • F. Hoffmann-La Roche Ltd.
  • ASCEND Therapeutics US, LLC.
  • AbbVie, Inc.
  • Others

Key Market Segments Covered in Global Hormone Replacement Therapy Market Research:

By Therapy Type:

  • Estrogen Replacement Therapy
  • Growth Hormone Replacement
  • Dopamine Agonist
  • Somatostatin Analogues
  • Thyroid Hormone Replacement

By Route of Administration:

  • Oral Tablets/Capsules
  • Parenteral
  • Transdermal
  • Others

By Disease Type:

  • Menopause
  • Hypothyroidism
  • Male hypogonadism
  • Growth hormone deficiency
  • Hypoparathyroidism

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
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