Market Research Blog – Page 3124 – New Product Development

Global Hyaluronic Acid Products Industry is expected to reach US$6,838.2 Million by 2033, exhibiting a robust compound annual growth rate of 7.4% | FMI

The Global Hyaluronic Acid Products Industry is on track for exceptional growth, according to a recent market analysis by Future Market Insights (FMI). The market is projected to reach a staggering US$6,838.2 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.4% throughout the forecast period.

The market’s upward trajectory is attributed to innovative research and development activities by manufacturers, contributing to the continuous evolution of hyaluronic acid products. Bioventus, a pioneering player in the field, made a significant impact with the introduction of Durolane, a cutting-edge joint lubricant designed to alleviate knee osteoarthritis pain through a single injection. Notably, Bioventus stands out as the exclusive provider in the United States market, offering a range of hyaluronic acid options, including one injection (Durolane), three injections (Gelsyn-3), and five injections (Supartz FX), catering to diverse patient needs.

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The aging population has created a significant demand for non-invasive procedures, leading to increased adoption of hyaluronic acid-based dermal fillers that offer an alternative to traditional surgeries. Moreover, the cost of such treatments is minimal, thereby contributing to the growth of the market.

The global market is experiencing significant growth due to the high usage of anti-aging cosmetic products. For instance, in 2018, there were 17.7 million cosmetic procedures performed, according to the Aesthetic Plastic Surgery statistics published in 2020. Similarly, in 2019, the International Society of Plastic Surgery (ISPAS) reported that 1.5 million individuals aged 51-64 years underwent botulinum toxin procedures worldwide. These high statistics are contributing to the increasing market value of the hyaluronic acid market.

Key Takeaways from the Global Hyaluronic Acid Products Industry

North America is expected to dominate the market while growing with a CAGR of 1% during the forecast period.
The market in India is projected to witness a CAGR of 8% during the forecast period.
The market in China is expected to grow at an 8% CAGR during the forecast period.
By product type, the cycle injection segment is projected to lead the segment and is estimated to grow with a CAGR of 01% during the forecast period.
By distribution channel, the hospital pharmacies segment is expected to lead the market. It is expected to grow with a CAGR of 8% throughout the forecast period.

Rising demand for non-invasive procedures and anti-aging personal care products are expected to fuel growth in the market during the forecast period, comment by Sabyasachi Ghosh (Associate Vice President at Future Market Insghts, Inc.)

Competitive Landscape in the Global Hyaluronic Acid Products Industry

The Global Hyaluronic Acid Products Industry is extremely competitive and consists of various key industry players. These players are heavily investing in the hyaluronic acid products market.

The key industry players are Anika Therapeutics, Inc., Fidia Farmaceutici S.p.A., Sanofi, Ferring B.V., Viatris Inc., Croma-Pharma, Seikagaku Corporation, Zimmer Biomet, Lifecore Biomedical, LLC, LG Chem, Bioventus LLC, Smith & Nephew plc, Shanghai Jingfeng Pharmaceutical Co., Ltd., Nestle (Galderma), Bausch Health Companies Inc. (Salix Pharmaceuticals, Inc.), Allergan Plc.

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Some recent developments in the Global Hyaluronic Acid Products Industry are:

In February 2022, AbbVie Inc.’s subsidiary Allergan received the Food and Drug Administration’s approval for JUVÉDERM VOLBELLA XC, which can improve infraorbital hollows in adults over 21 years old. This expanded the company’s aesthetic product portfolio in the United States market.
In February 2021, Contipro, a well-known manufacturer of hyaluronic acid-based in the Czech Republic, introduced a new product for anti-aging and anti-acne treatment called HyRetin, which helps in improving skin appearance.
Anika Therapeutics announced its acquisition of Parcus Medical, a leading sports medicine company, and Arthrosurface in January 2020. The acquisition is expected to enhance Anika’s commercial capabilities and infrastructure.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the Global Hyaluronic Acid Products Industry, providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Global Hyaluronic Acid Products Industry, the market is segmented based on product type, by application, by distribution channel, and by region.

Key Companies Profiled in the Global Hyaluronic Acid Products Industry

Anika Therapeutics, Inc.
Fidia Farmaceutici S.p.A.
Sanofi S.A
Ferring B.V.
Viatris Inc.
Croma-Pharma
Seikagaku Corporation
Zimmer Biomet Holdings
Lifecore Biomedical LLC
LG Chem
Bioventus LLC
Smith & Nephew plc
Shanghai Jingfeng Pharmaceutical Co., Ltd.
Nestle (Galderma)
Bausch Health Companies Inc. Companies Inc. (Salix Pharmaceuticals, Inc.)
Allergan Plc.

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Key Segments Profiled in the Global Hyaluronic Acid Products Industry Survey

By Product:

Single Cycle Injection Products
Three-Cycle Injection Products
Five Cycle Injection Products

By Application:

Osteoarthritis
Ophthalmic
Dermal Fillers
Vesicoureteral Reflux

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Specialty Clinics

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Author

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

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

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

About Future Market Insights (FMI)

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

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Cell Line Development Services Market Poised for Significant Growth at 7.4% CAGR, Reaching US$ 12,957.8 Million by 2033

The global cell line development services market has the potential to grow considerably and is expected to achieve a value of around US$ 12,957.8 million by 2033. This represents a substantial increase from US$ 6,365.2 million in 2023, according to Future Market Insights (FMI), suggesting a Compound Annual Growth Rate (CAGR) of 7.4%.

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Cell line development services are crucial to the biotechnology industry since they generate consistent and dependable cell lines for a variety of applications, such as:
Drug development and discovery: Cell lines are necessary to evaluate the safety and effectiveness of possible new drugs.
Biomanufacturing: The creation of biological medications and treatments is aided by these services.
Research on Gene Therapy: The generation of cell lines is essential to the creation of gene therapies that specifically target disorders.
Toxicology Testing: New medications and substances are evaluated for possible toxicity using cell lines.

The increasing frequency of neurological illnesses and cancer, coupled with the dearth of effective treatment choices for these conditions, have created a need for more advanced and efficient therapeutic methods. Companies and government agencies are investing funds in research and development initiatives and focusing more on the generation of cell lines in order to identify novel biological pathways for the synthesis of cutting-edge drugs. The increased research and development spending on biosimilars made by exiting biopharmaceutical businesses would be advantageous to the cell line development sector.

Market Competition:

Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., Solentim Ltd., Sigma-Aldrich Corporation, Selexis, Corning, Inc., Wuxi App Tec, Inc., and Sartorius AG are a few of the major players in the worldwide cell line development services market.

The market is extremely competitive as a result of the large number of participants. Regional players are present in key development regions, especially Asia Pacific, but global players like Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., and Solentim Ltd. still hold a significant share of the market.

In May 2022 – ALSA Ventures, and Lonza, a global development and manufacturing partner to the pharma, biotech and nutrition industries, announced today a framework collaboration agreement to help ALSA’s portfolio of pre-clinical and early clinical biotechs develop and manufacture biologics and small molecule drug candidates.
In March 2021 – Pionyr Immunotherupatics collaborated with Lonza to support their oncology product development. Lonza will help Pionyr with cell line development and offer optimal yield and throughput.
In June 2022 – WuXi Advanced Therapies and Wugen Inc., announced a partnership to produce Wugen’s WU-NK-101, a novel immunotherapy that harnesses the power of memory natural killer (NK) cells to treat cancers. WuXi ATU will provide manufacturing and testing services for WU-NK-101 to enable the delivery of this innovative cell therapy to cancer patients.

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Key Companies Profiled:

Lonza
MabPlex Inc.
Thermo Fisher Scientific, Inc.
Solentim Ltd
Sigma-Aldrich Corporation
Selexis
Corning, Inc
Wuxi App Tec Inc.
Sartorius AG

Key Segments Profiled in the Cell Line Development Services Industry Survey

By Product Type:

Media and Reagents
Equipment
Others Cell Line Development Service Products

By Type:

Primary Services
Continuous Services
Hybridomas Services
Recombinant Cell Line Development Services

By Application:

Bioproduction
Diagnostics
Vaccines
Recombinant Protein Therapeutics
Tissue Engineering & Regenerative Medicines
Drug Discovery
Toxicity Testing
Pharmaceutical and Biotechnology Research

By Region:

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

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Global Clinical Alarm Management Industry is expected to grow at a 7.5% CAGR and reach a US$ 6.2 Billion by 2033 | FMI

The Global Clinical Alarm Management Industry is on the cusp of a significant expansion, according to a recent industry analysis. The market is expected to witness a remarkable 7.5% Compound Annual Growth Rate (CAGR) from 2023, reaching a staggering US$ 6.2 billion by 2033.

Recent projections indicate that the industry is poised for an annual expansion of approximately 13% through 2029. This surge is propelled by substantial investments in healthcare facilities and infrastructure development, reshaping the landscape of patient engagement and experience on a global scale. The unwavering commitment to crafting state-of-the-art healthcare environments has emerged as a driving force, catalyzing a revolutionary transformation in the healthcare sector.

“With global investments in the healthcare industry increasing at a rapid pace, clinical alarm management is likely to witness high demand to improve workflow, lower noise levels, and enhance patient care. In addition, solution providers are preparing to expand their portfolios and combine their services with advanced technologies such as Big Data Analytics to gain a distinct competitive edge,” says the FMI analyst.

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Key Takeaways from Global Clinical Alarm Management Industry Study

The adoption of clinical decision support tools and clinical alarm reporting software continues to broaden in both developing and developed countries.

Clinical alarm reporting software helps in identifying nonactionable alarms that could be fully adjusted or removed, contributing to an 80% reduction in ventilator alarms.

Clinical alarm management solutions – central monitoring systems in particular have been garnering significant traction, as they provide actionable intelligence to respond to alarm conditions with appropriate patient care or device management.

FMI reports that demand for clinical alarm management in hospitals and ambulatory surgical centers is likely to increase at the CAGR of ~14% and ~11% respectively, during the forecast period.

As compared to developing regions, the sales of clinical alarm management solutions is anticipated to be higher in countries of North America and Western Europe.

Key Players Eyeing Greater Opportunities in Asia Pacific

Leading players in the Global Clinical Alarm Management Industry are constantly focusing on expanding their business across Asia Pacific. Increasing investments in the digitalization of healthcare infrastructure, especially in developing countries such as China and India, is likely to help attract different clinical alarm management solution providers to continue their businesses in these countries. Further, with a wealth of innovation on the horizon, clinical alarm management market players are set to release advanced solutions and services for the end users.

Zebra Technologies offers alarm management solutions, which can deliver more than patient event notifications and secure text messaging.

The incorporation of new technologies such as the Internet of Things (IoT) in the healthcare sector along with the rising adoption of big data analytics has been leading to a paradigm shift in patient care delivery. The rapid inclination toward value-based healthcare is likely to remain instrumental to the growth of the Global Clinical Alarm Management Industry in the years ahead.

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Find More Valuable Insights on the Global Clinical Alarm Management Industry

In its new offering, Future Market Insights puts forward an unbiased analysis of the Global Clinical Alarm Management Industry, providing historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study provides key insights on the clinical alarm management market based on components (solutions and services) and end users (hospitals, clinics, ambulatory surgical centers, long-term and palliative care centers, home care, and other end users) across seven major regions.

Global Clinical Alarm Management Industry: Segmentation

By Component

Solution
Clinical Decision Support Tool
Central Monitoring System
Mobility Solution
Clinical Alarm Reporting Software
Alarm Auditing Software
Service
Consulting
Implementation and Integration
Monitoring and Analytics

End User

Hospitals
Clinics
Ambulatory Surgical Centres
Long-term and Palliative Care Centres
Home Care
Others

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Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Europe Home High End Audio System Market to Surpass US$ 10,656.2 million by 2033 as Demand for Gaming Consoles Rises | Future Market Insights, Inc.

In 2022, the Europe Home High End Audio System Market was worth $3,255.1 million. It is expected to be worth $3,541.7 million by 2023. By the end of 2033, the market is expected to be valued $10,656.2 million. It is expected to grow at an 11.5% CAGR during the projection period.

Wireless audio technology is undergoing rapid innovation as a result of continuous advances in artificial intelligence (AI). It is expected to improve the smooth operation of voice-enabled devices. Numerous suppliers are concentrating on employing AI to develop smart voice-assistant-based home speakers.

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Key Takeaways from Europe Home High End Audio System Market Study:

Europe’s home high end audio system market size had crossed a valuation of US$ 3,255.1 million in 2022.
The United Kingdom home high end audio system market was valued at over US$ 793.6 million in 2022.
Germany’s home high end audio system market is set to exhibit a CAGR of 0% during the assessment period.
By lifestyle segment, the premium category held a share of around 8% in Europe in 2022.
By sales channel, the online/e-commerce segment is expected to witness a CAGR of 4% in the forecast period.

Competitive Landscape

High-end audio system manufacturers in Europe are focusing on producing the best possible sound quality in their products. It often involves using high-quality components, advanced technologies, and meticulous engineering to deliver a listening experience that is as close to the original recording as possible.

They are offering customization options for their products, allowing customers to choose everything from the finish of the speakers to the type of cables used. It allows customers to create a system that is tailored to their specific preferences and needs.

For instance,

NAD introduced a small device in January 2023 that enables streaming capabilities to be added to any music system. The device can be connected using Bluetooth, Wi-Fi, or Ethernet. It is compatible with smartphones, tablets, and PCs for streaming purposes.

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More Valuable Insights into Europe Home High End Audio System Market

In this report by Future Market Insights (FMI), Europe’s home high end audio system market has been segmented into five sections. They are product (whole-house audio systems, home theater systems, high-end speakers, high-end audio amplifiers, premium smart soundbars), connectivity type (wired audio systems, wireless audio systems), lifestyle segment (premium, luxury, custom-made), sales channel (online/e-commerce sales, offline sales, dealers/distributors), and country.

Europe Home High End Audio System Market Outlook by Category

By Product:

Whole-house Audio Systems (Integrated Systems)
Home Theater Systems
- Traditional Home Theater Systems
- Dolby Atmos Home Theater Systems
High-end Speakers
High-end Audio Amplifiers
Premium Smart Sound Bars

By Connectivity Type:

Wired Audio Systems
Wireless Audio Systems

By Lifestyle Segment:

Premium
Luxury
Custom-made

By Sales Channel:

Online/E-commerce Sales
Offline Sales
Dealers/Distributors

By Country:

Germany
Italy
France
United Kingdom
Spain
BENELUX
Russia
Rest of Europe

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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.

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East Asia Automotive Semiconductors Market is expected to grow at a high CAGR of 12.1% from 2023 to 2033 – FMI

According to Future Market Insights (FMI), the East Asia automotive semiconductors market is predicted to grow at a CAGR of 12.1% from 2023 to 2033. The market is expected to be valued at $26,742.4 million by the end of 2033. It is expected to exceed a worth of $9,467.1 million by 2023.

Automotive semiconductors are important electronic components found in cars and trucks in East Asia. These semiconductors are used to regulate, safeguard, and control automotive electrical systems.

These also make it possible for cars to run effectively and safely. Microcontrollers, power transistors, integrated circuits, memory chips, and sensors are a few types of automotive semiconductors that are frequently utilized in East Asia. The industry holds a 42% market share in East Asia for vehicle electronics.

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The car industry is seeing a rapid development of safety features, which is likely to accelerate tremendously in the next ten years. In order to deliver a safer and more convenient driving experience, automakers are set to adopt semiconductors. Rising adoption of self-driving cars is also projected to change the demand for automotive semiconductors across East Asia. It is further set to compel original equipment manufacturers (OEMs) to seek in-house designs.

Increased emphasis on autonomous vehicles (AVs) has already impacted demand patterns for automotive semiconductors in the region. Sales of specialized silicon chips suited to specific applications are expanding rapidly.

Only a few semiconductor vendors provide these bespoke chips. Various OEMs are increasingly creating them in-house to decrease development schedules and gain more control. With the growing need for custom silicon, more OEMs might follow suit.

Key Takeaways from East Asia Automotive Semiconductors Market Study:

By product, the integrated circuits (IC) segment is anticipated to expand at a CAGR of 12.4% over the forecast period.
By vehicle type, it is estimated that electric/hybrid vehicles would surge at a CAGR of 13.5% during the assessment period.
By application, the safety & control segment is estimated to broaden at a CAGR of 15.4% in the next ten years
By end user, the automotive aftermarket vendors segment is projected to elevate at a CAGR of 13.2% in the next ten years.
Japan automotive semiconductors market is predicted to showcase a CAGR of 14.0% during the estimated period.

“East Asia automotive semiconductors market is anticipated to expand rapidly during the forecast period. It is as a result of rising demand for connected automobile, autonomous driving, and advanced driver assistance systems (ADAS) technology.” – Says a lead analyst.

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Electrification of Vehicles to Catapult Automotive Semiconductor Sales in East Asia

Demand for semiconductors is increasing among both electric vehicles (EVs) and hybrid electric vehicles (HEVs) manufacturers. Sales of conventional automobiles are also increasing due to the implementation of government regulations to reduce emissions and surge fuel efficiency.

There is a significant opportunity to cut carbon dioxide (CO2) emissions in the existing context of conventional internal combustion engines (ICEs). In order to run an engine powerfully and make significant changes, various of controls and sensors are required.

For instance, in order to reduce CO2 emissions, the government of China plans to implement 6A emission requirements by 2020. Further advancements in the electrification of power trains are necessary for HEV or EV developments.

Governments of various countries across East Asia are in process of completely banning ICE-based vehicles. It is further enabling China to aim to increase EV production through automakers.

Several automakers have a target to have EVs account for more than 20% of their sales within 10 years. It is projected to drastically increase the production of EVs. As leading OEMs achieve EV production goals, the semiconductor landscape is expected to broaden significantly.

Competitive Landscape

Automotive semiconductor manufacturers in East Asia are embracing digitalization by implementing advanced technologies such as artificial intelligence, big data, and the internet of things. They are aiming to improve the efficiency and quality of their products & production processes.

A few other manufacturers are strengthening their partnerships with automakers. They are striving to ensure that their products meet specific needs of each automaker. They are also aiming to improve the integration of their products with vehicle designs.

For instance,

· NXP Semiconductors and Volkswagen established a strategic partnership in October 2020. Both companies are aiming to provide advanced driver assistance systems (ADAS) and autonomous driving solutions.

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East Asia Automotive Semiconductors Market Outlook by Category

By Product:

Processors
Sensors
Integrated Circuits
Discrete Devices
Memory Units
Others

By Vehicle Type:

Fuel-based Vehicles
- Passenger Cars
- Commercial Vehicles
Electric/Hybrid Vehicles
- Passenger Cars
- Commercial Vehicles

By Application:

Powertrain
Safety & Control
Vehicle Body Electronics
Chassis
Telemetric and Infotainment

By End User:

Automotive Manufacturers/OEMs
Automotive Aftermarket Vendors

Country:

China
Japan
South Korea

Author:

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Global Keloid Treatment Industry is expected to grow at a 3.8% annual rate and reach US$ 5.6 Billion by 2033 | FMI Study

The Global Keloid Treatment Industry has reached a significant milestone, valued at US$ 3.8 billion in 2023, according to a report by Future Market Insights (FMI), a leading market intelligence firm. Looking ahead, FMI forecasts a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033. This upward trend is expected to propel the market to a remarkable US$ 5.6 billion by the end of the decade.

Keloids, characterized by the abnormal growth of scar tissue, have become a widespread concern globally. The escalating incidence of keloids has generated an increasing demand for effective treatment solutions. This surge is not only attributed to the rising prevalence of keloids but also to the continuous advancements in medical technologies and increased awareness among individuals seeking optimal solutions for scar management.

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Global Keloid Treatment Industry: Dynamics

The Global Keloid Treatment Industry growth is substantially driven by the rising prevalence of keloid scars as well as the development of multiple keloids. A growing consciousness among patients regarding their appearance is also driving the market of keloid treatment as keloid scars on the exposed body parts lead to ugly appearances. Other factors that are driving the growth in the keloid treatment market include increasing reimbursement for keloid therapies, formalization of standard treatment guidelines for keloid and increasing use of combination therapies. Clinics and hospitals are focussing on the adoption of advanced therapy options. CryoShape is used to reduce the impact of keloid scar and recurrence rate. Sensus Healthcare has developed an advanced superficial radiation therapy device to impart better treatment with limited adverse reactions.

Global Keloid Treatment Industry: Segmental Forecast

The Global Keloid Treatment Industry is segmented based on treatment type, end user and region. Based on treatment type, the market has been segmented into occlusive dressing, compression therapy, cryosurgery, excision, radiation therapy, laser therapy, interferon therapy, intralesional corticosteroid injection and others. Other treatment options include dermal fillers, topical creams, 5-fluorouracil, retinoic acid and imiquimod. The intralesional corticosteroid injection treatment segment dominates the Global Keloid Treatment Industry as this procedure is considered the gold standard and is being used in combination with other therapies. Intralesional corticosteroid injection is expected to be the second most lucrative segment by treatment type, with a market attractiveness index of 2.1 during the forecast period.

Based on end users, the Global Keloid Treatment Industry is segmented into hospitals, dermatology clinics, ambulatory surgical centres and others. The hospital segment is expected to remain dominant, as most of the radiation therapies and excision procedures are performed in hospitals. Hospitals are the largest segment by the end-user, which is estimated to represent US$ 1,164.7 Mn, or 37.0% share of the total market in 2017 and is projected to reach a market valuation of US$ 1,643.8 Mn, or 37.2% share of the total market by the end of 2027, expanding at a CAGR of 3.5% in terms of value.

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Global Keloid Treatment Industry: Regional Analysis

Based on region, the Global Keloid Treatment Industry is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and the Middle East & Africa.

North America dominated the Global Keloid Treatment Industry in 2016 and is expected to continue to dominate the global market throughout the forecast period. North America is the largest region in the keloid treatment market, which is estimated to represent US$ 1,105.6 Mn, or 35.1% share of the total market in 2017 and is projected to reach a market valuation of US$ 1,549.6 Mn, or 35.1% of the total market by the end of 2027, expanding at CAGR of 3.4% in terms of value. Clinics in North America are opting for advanced treatment therapies that can aid in reducing the risk of recurrence.

Global Keloid Treatment Industry: Vendor Analysis

Leading players in the Global Keloid Treatment Industry are launching new portable and mobile radiation therapy devices and are offering better treatment options to patients. Companies are targeting dermatology clinics to market their devices, where patients are provided the first line of treatment for keloid. Some of the players operating in the Global Keloid Treatment Industry who have been profiled in the report include Novartis AG, Sensus Healthcare, RXi Pharmaceuticals, Inc., Sonoma Pharmaceuticals, Inc., Perrigo Company plc, Bristol-Myers Squibb Company, Pacific World Corporation, Valeant Pharmaceuticals International, Inc., Revitol Corporation and Avita Medical Limited.

Market Segmentation The global keloid treatment Industry is segmented as follows:

Keloid treatment industry, by treatment type
Keloid treatment industry, by end-user
Keloid treatment industry, by region

The keloid treatment industry report begins with an overview of keloid treatment and key market definitions. This section also underlines factors influencing revenue growth of the Global Keloid Treatment Industry along with a detailing of the key trends, drivers, restraints, and opportunities. The next section of the report analyses the market based on treatment type and presents the forecast in terms of value for the next 10 years.

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Treatment types covered in the report include:

Occlusive Dressing
Compression Therapy
Cryosurgery
Excision
Radiation Therapy
Laser Therapy
Interferon Therapy
Intralesional Corticosteroid Injection
Others

The subsequent section covers the market analysis based on end-users and presents the forecast in terms of value for the next 10 years. End users considered in the report include:

Hospitals
Dermatology Clinics
Ambulatory Surgical Centres
Others

Author

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

About Future Market Insights (FMI)

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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Nandini Singh Sawlani

Orphan Drugs Market Expected to Reach US$267.6 Billion by 2032 the Market is Projected to Develop at a 4.6% CAGR

Orphan Drugs market through 2022–2032, the market is projected to develop at a 4.6% CAGR. The market for orphan pharmaceuticals was estimated to be worth US$ 165.4 billion in 2021 and is expected to reach US$ 267.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.6%.

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Since the introduction of artificial intelligence and Internet of Things-integrated medical devices a decade ago, the healthcare sector has grown dramatically. Technological progress has yielded tremendous opportunities for diagnostics and therapies in the medical field.

The research provides large data sets that verify important trends influencing the market’s growth for orphan drugs. It provides insights into the tactics used by the major companies to emerge and tackle issues that will impede the market’s expansion for orphan drugs. With our in-depth analysis and knowledge of the historical, present, and projected state of the industry, the Orphan Drugs market report will assist in identifying the issues and help small and medium-sized businesses as well as large ones sail through the challenges.

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Key takeaways from the Orphan Drugs Market:

The orphan drug market is expected to experience steady growth, reaching an estimated value of US$267.6 billion by 2032. This represents a compound annual growth rate (CAGR) of 4.6% from a 2021 baseline of US$165.4 billion.
This growth indicates a rising demand for orphan drugs, which treat rare diseases with limited therapeutic options.
The report suggests a potential for a moderately expanding market for orphan drugs over the next decade.

Key Players:

AbbVie Inc.
Pfizer Inc.
Merck & Co. Inc.
Amgen Inc.
Biogen Inc.
Bristol-Myers Squibb Company
Sanofi S.A.
F. Hoffmann-La Roche AG
Teva Pharmaceutical Industries Ltd.
Novartis AG
Takeda Pharmaceutical Company Limited.

Orphan Drugs Market: Segmentation

By Therapy Area:

Oncology
Haematology
Neurology
Endocrinology
Cardiovascular
Others

By Drug Type:

Biologics
Non Biologics

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Stores
Others

By Region:

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

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With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Orphan Drugs market.

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Global Hip and Knee Reconstructive Industry indicate a robust compound annual growth rate of 5.6%, with a projected value of US$ 35.8 Billion by 2032 | FMI

The Global Hip and Knee Reconstructive Industry is on track for significant growth, driven by rising demand for advanced joint replacement solutions. According to a recent market analysis, the industry is projected to reach a value of US$20.8 billion by the end of 2022 and is poised to climb further at a compound annual growth rate (CAGR) of 5.6% through 2032. By the end of the forecast period, the market is anticipated to reach a staggering US$35.8 billion.

Knee Reconstruction Takes the Lead

The market for knee reconstruction procedures currently holds the dominant position, accounting for a significant market share of 57.9% in 2021. This dominance reflects the increasing demand for advanced solutions to address knee injuries and degenerative conditions. This trend signifies a shift in treatment preferences within the healthcare landscape, with a growing focus on improving patient mobility and quality of life.

One standout contributor to the industry’s growth is Total Hip Arthroplasty (THA), renowned for its economic efficiency and consistent success as an orthopedic procedure. THA delivers reliable results for individuals grappling with advanced degenerative hip osteoarthritis. The procedure not only alleviates pain but also promotes functional recovery, ultimately enhancing the overall quality of life for patients.

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Following the development of AI and connected medical devices, the healthcare sector has experienced tremendous growth over the past ten years. The scope for diagnostics and therapies within the medical field has been greatly expanded by technological advancement.

The report provides substantial data sets that validate major trends influencing market growth for hip and knee replacement. It provides insights into the tactics used by the major competitors to solve issues that will limit the market’s ability to grow for hips and knee replacements. The Global Hip and Knee Reconstructive Industry report will help and identify the worries, for a smooth sailing of the small & medium as well as large enterprises, with the help of our deep research and information about the past, present, and future market environment.

Critical Questions Answered in the Report

What are ongoing trends that will shape the market growth curve for the global Hips & Knees Reconstructive Industry?
What are the drivers and challenges affecting the Hips & Knees Reconstructive Industry demand?
What are the recent technological advancements in the Hips & Knees Reconstructive market?
What are key trends and opportunities that will prevail in the revenue growth of Hips & Knees Reconstructive Industry players?
How will evolving regulatory policies impact market growth?
What is the impact of COVID-19 on the Hips & Knees Reconstructive Industry?

Competitive Analysis

By Prominent

Players

Zimmer Biomet
DePuy Synthes
Smith & Nephew plc.
Stryker
MicroPort Scientific Corporation
B. Braun Melsungen AG
Exactech, Inc.
LimaCorporate S.p.a.
CeramTec
ConforMIS

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Hips & Knees Reconstructive market

Global Hip and Knee Reconstructive Industry: Segmentation

By Region

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

Detailed analysis of the geographical region and country-wise insights are offered in the latest Hips & Knees Reconstructive market report with established market players as well as incumbents in the region.

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Key Segments Covered in Global Hip and Knee Reconstructive Industry

By Product:

Hip Reconstruction
- Total Hip Reconstruction Implants
  - Metal-On-Polyethylene
  - Metal-On-Metal
  - Ceramic-On-Polyethylene
  - Ceramic-On-Ceramic
  - Others
- Partial Hip Reconstruction Implants
- Revision Implants
Knee Reconstruction
- Total Knee Reconstruction Implants
- Partial Knee Reconstruction Implants
- Revision Implants

By Fixation:

Cement
Cementless
Hybrid

By End User:

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers

Comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

Why Future Market Insights?

Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A Competitive Analysis of Prominent players and emerging players in the Hips & Knees Reconstructive market
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Global Drone Sensor Market is set to reach US$ 4.1 Billion by 2033, amid recent Technological Advancements | Analysis by Future Market Insights, Inc.

The global drone sensor market revenue is anticipated to reach US$ 4.1 Billion by 2033, compared to US$ 716.5 Million in 2023. FMI estimated a worth mentioning CAGR of 18.9% for the market during the forecast period.

Drones are becoming increasingly popular as a means of collecting high-quality aerial imagery and data for different applications. The demand for drones with cutting-edge sensors to capture data and images is expected to increase since businesses have started to recognize their value.

The market is expected to rise given the increasing use of unmanned systems in commercial applications. By increasing the variety of industry usage for drones, drone technology is steadily growing its presence in several nations.

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Key Takeaways:

The drone sensor industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 18% through 2033.
The United States drone sensor market is expected to upsurge at 17.6% CAGR during the forecast period.
With a CAGR of 18.3% over the forecast period, Japan is predicted to develop notably in the drone sensor industry.
The drone sensor industry in China is expected to proliferate significantly, registering a CAGR of 19.9% from 2023 to 2033.
South Korea is estimated to expand considerably registering a CAGR of 19.4% until 2033.
Based on sensor type, the image sensors segment is projected to dominate the market, registering a CAGR of 18.8%.
Based on end users, the defense segment is likely to lead the market, exhibiting a CAGR of 18.7%.

Drone Sensor Scope:

Players, stakeholders, and other participants in the Drone Sensor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application.

Geographical Segmentation:

Geographically, this report is segmented into several key regions, with sales, revenue, market share, and Drone Sensor market growth rate in these regions covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)

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Competitive Landscape:

Drone sensor market players provide a wide range of distinctive and fascinating drone sensor options. The options include image sensors, position sensors, current sensors, inertial sensors, speed and distance sensors, and others. These firms are also using several strategies, including signing strategic alliances and securing government and defense contracts, to increase the scope of their products.

Key Players:

DJI
FLIR Systems
TE Connectivity
Raytheon Company
Trimble Inc.
Parker Hannifin Corp
TDK InvenSense

Recent Developments:

Aquiline Drones, a UAV manufacturer located in Hartford, announced a licensing arrangement with Drone Volt, a French sensor manufacturer, in October 2020. The partnership intends to give the company access to production and distribution facilities across the United States.
The ICM-42622 6-axis motion sensor, an improved sensor for 6-axis IMUs, was introduced by TDK Company in January 2019. It has several benefits, including the capacity to sample data quickly, improved gyroscope temperature stability, reduced gyroscope, and accelerometer noise, etc.

Drone Sensor Market Segmentation:

By Sensor Type:

Inertial Sensors
Image Sensors
Speed and Distance Sensors
Position Sensors
Pressure Sensors
Current Sensors
Ultrasonic Sensors
Light Sensors
Altimeter Sensors
Flow Sensors
Others

By End User:

Energy & Utilities
Precision Agriculture
Media & Entertainment
Defense
Personal
Law Enforcement
Security & Surveillance
Others

By Region:

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

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Global DNA Polymerase Industry is expected to grow at a startling 6.2% CAGR and reach US$ 647.5 Million by 2033 | FMI

The Global DNA Polymerase Industry is poised for a remarkable expansion, according to a recent market analysis. The market is projected to reach a staggering US$647.5 million by 2033, reflecting an impressive Compound Annual Growth Rate (CAGR) of 6.2%. This significant growth builds upon an anticipated valuation of US$353.9 million in 2023.

Fueling the Growth Engine: The Power of DNA Polymerase

This expansion is driven by the crucial role of DNA polymerase in diagnostic applications, particularly Polymerase Chain Reaction (PCR) tests. DNA polymerase acts as a linchpin by facilitating the synthesis of new DNA strands, a critical step in PCR testing for diagnosing various diseases.

The anticipated surge in valuation reflects the industry’s commitment to innovation and the increasing demand for high-quality DNA polymerase in diagnostic applications. As a cornerstone in the healthcare sector, DNA polymerase plays a pivotal role in ensuring the accuracy and reliability of PCR tests, contributing significantly to disease diagnostics.

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Increasing R&D activities is a key factor positively influencing the development and use of high-fidelity DNA polymerase. Increasing incidences of cancer, concerns over uncontrolled genetic mutations, increasing awareness of neurological disorders, and the potential for treating chronic diseases create lucrative opportunities in the Global DNA Polymerase Industry. Also, the growing importance being given to personalized medicine will provide impetus to market players through the coming decade.

On the other hand, Global DNA Polymerase Industry players are expected to face many challenges during the forecast period. For instance, the shortage of adequately skilled professionals is a restraining factor affecting the market. Lack of information and awareness associated with DNA polymerase also affects sales prospects. Also, a shortage of funding by governments in the sector is restraining market growth. These factors are especially true in developing countries with restricted access to capital and infrastructure.

Key Takeaways from the Global DNA Polymerase Industry Study

The Global DNA Polymerase Industry is projected to grow at approximately 6.5% CAGR through the projection period.
Molecular diagnostic applications will account for a major market, with impetus from the COVID-19 pandemic.
The U.S. will hold the lead in North America accounting for more than 50% of the global valuation.
China will reflect high growth potential accounting for a CAGR of over 7.5%, owing to rising healthcare spending.
The UK will reflect high demand in Europe supported by the rise of contract research and manufacturing organizations in biopharmaceuticals.

“The introduction of numerous government initiatives and rising levels of government funding efforts for R&D activities, are key factors that are expected to bolster the growth of high-fidelity DNA polymerase offerings. Furthermore, the increasing occurrence of genetic disease, is also one of the major factors supporting growth in the market through the assessment period,” said an FMI analyst.

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Who is Winning?

The Global DNA Polymerase Industry is set to widen its scope of expansion through the assessment period, driven by a higher rate of adoption in molecular diagnostics, bioprocessing, cancer research, and the development of generic biologics in the biopharmaceutical sector. A shortage of adequately skilled professionals and a lack of awareness has restrained revenue in the industry.

Some of the more prominent players in the Global DNA Polymerase Industry include but are not limited to Thermo Fisher Scientific Inc., Hoffmann-La Roche AG, Merck KGaA, Qiagen N.V., Agilent Technologies Inc., Takara Bio Inc., Genescript, Illumina Inc., New England Biolabs, Inc., Bioline, and Promega Corporation.

Want More Insights?

Future Market Insights provides an exhaustive report in terms of forecast on global, regional, and country levels, with actionable insights on the latest industry trends in key segments from 2016 to 2031. The Global DNA Polymerase Industry is segmented in detail to encompass all aspects, providing readers with a complete market intelligence report approach. The study provides details based on product type (prokaryotic and eukaryotic), and end use (molecular diagnostics companies, diagnostic laboratories, academic and research institutes, biopharmaceutical companies, and hospitals), across seven major regions.

Global DNA Polymerase Industry Key Segments

By Product Type

Prokaryotic DNA polymerase
Eukaryotic DNA polymerase

By End Use

Molecular diagnostics companies
Diagnostic laboratories
Academic and research institutes
Biopharmaceutical companies
Hospitals

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By Region

North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, and rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, and rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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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