Global Respiratory Devices Industry is expected to grow at a robust 8.7% annual rate and reach US$55.9 Billion by 2033 | FMI

 

Global Respiratory Devices Industry
Global Respiratory Devices Industry

The is poised for a remarkable surge, with a projected market value of US$ 55.9 billion by 2033, according to industry forecasts. This represents a significant leap from the anticipated US$ 24.2 billion in 2023, fueled by a robust Compound Annual Growth Rate (CAGR) of 8.7% over the next decade.

The surge in demand for respiratory devices is underpinned by a confluence of factors. The market for therapeutic respiratory devices has experienced substantial growth in recent years, fueled by the escalating prevalence of respiratory diseases on a global scale. Additionally, a burgeoning elderly population and an increased awareness of the pivotal role early diagnosis and treatment play in managing such conditions contribute to the market’s poised expansion.

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The Therapeutic Global Respiratory Devices Industry is anticipated to reach US$ 50.6 billion in value in 2023. From 2023 to 2033, the market is projected to expand at a CAGR of 4.7%, reaching US$ 80.2 billion.

The product landscape of the therapeutic Global Respiratory Devices Industry encompasses a wide range of devices, including inhalers, nebulizers, ventilators, continuous positive airway pressure (CPAP) machines, and oxygen concentrators. These devices are utilized in various settings, including hospitals, clinics, home care, and ambulatory care centers.

As governments and healthcare organizations across the globe strive to improve healthcare infrastructure, access to medical facilities, and patient outcomes, the demand for therapeutic respiratory devices is expected to continue rising. Additionally, the COVID-19 pandemic has highlighted the importance of respiratory support devices, resulting in increased investments in research and development to introduce more advanced and effective solutions.

Global Respiratory Devices Industry Key Takeaways:

  • Existence of modern healthcare facilities in the United States and Canada, the therapeutic respiratory devices market?in North America gained over 36% market share in 2021.
  • The Asia Pacific is predicted to expand the quickest throughout the forecast period, owing to factors such as increased asthma incidence in adults and children, as well as technology improvements.
  • Additionally, the market expansion would be aided by rising healthcare awareness and improved healthcare infrastructure.
  • The clinical trial of Tempol for the treatment of COVID-19 by Adams Respiratory Therapeutics Inc. has surpassed enrollment expectations.
  • COPD is estimated to affect 10% of adults aged 75 and older in the United States, according to the Journal of the Italian Society of Gerontology and Geriatrics.
  • According to statistics issued by the Global Initiative for Asthma (GINA), an estimated 100 million people with asthma are expected to be diagnosed by 2025.

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Competitive Landscape:

Carefusion Corporation, G.E. Healthcare, Chart industries, Philips Healthcare, Compumedics Ltd., Smiths Medical, Covidien PLC, Invacare, Fisher and Paykel, and Mindray are some of the major respiratory device companies.

Acquisitions and mergers, the launch of new products and services, partnerships and joint ventures, MoU agreements, V.C. and funding activities, R&D activities, and geographic expansion, among other noteworthy activities by key players in the therapeutic Global Respiratory Devices Industry, are among the key strategic developments in the competitive landscape.

  • Acapella, a select blue vibratory PAP therapy device, was released by Smiths Medical in April 2021. It is a drug-free supplementary therapy for people with asthma, COPD, cystic fibrosis, and lung illness that aids in the evacuation of secretions.
  • Koninklijke Philips N.V. finalized the acquisition of BioTelemetry, Inc., a firm located in the United States, in February 2021. This aided in the expansion of Philips’ product line, resulting in increased sales of therapeutic respiratory devices.

Key Segments from the Global Respiratory Devices Industry:

By Product:

  • Positive Airway Pressure (PAP) Devices
    • Continuous Positive Airway Pressure (CPAP) Devices
    • Auto-titrating Positive Airway Pressure (APAP) Devices
    • Bi-level Positive Airway Pressure (BiPAP) Devices
  • Oxygen Concentrator
    • Fixed Oxygen Concentrators
    • Portable Oxygen Concentrators
  • Ventilators
    • Adult Ventilators
    • Neonatal Ventilators
  • Inhalers
  • Nebulizers
    • Compressor-based Nebulizers
    • Piston-based Hand-held Nebulizers
    • Ultrasonic Nebulizers
  • Humidifiers
    • Heated Humidifiers
    • Passover Humidifiers
    • Integrated Humidifiers
    • Built-in Humidifiers
    • Standalone Humidifiers
  • Others

By Application:

  • COPD
  • Obstructive Sleep Apnea
  • Asthma
  • Respiratory Distress Syndrome
  • Cystic Fibrosis
  • Others

By End-use:

  • Hospital
  • Homecare Settings
  • Emergency Centres

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Author

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

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

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

About Future Market Insights (FMI)

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

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Global Compression Garments and Stockings Industry is expected to grow steadily at a 4.9% CAGR and reach US$3.9 Billion by 2029 | FMI

Global Compression Garments and Stockings Industry
Global Compression Garments and Stockings Industry

The Global Compression Garments and Stockings Industry is poised for significant expansion, fueled by a growing emphasis on patient safety, comfort, and rising recommendations from healthcare professionals, according to a recent analysis by Future Market Insights (FMI).

The market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period (2022-2029), reaching an estimated value of US$3.9 billion by 2029. This signifies a substantial increase from the US$2.8 billion valuation recorded in 2022.

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Key Takeaways – Compression Garments and Stockings Market Study

  • The growing adoption of compression garments for orthopedic post-surgical pain management has contributed to the significant market share of the segment by product type.
  • Hospitals remain as prominent distribution channels for compression garments and stockings for patients suffering from muscle pain, swelling, and bone-related injuries.
  • Online sales of compression garments and stockings are gathering momentum owing to favorable discounts and free shipping offered by various platforms.
  • Growing preference for compression garments and stockings among the geriatric population in Western Europe contributed to the significant dominance of the region in the compression garments and stockings industry.
  • An increasing number of sports injuries and wounds are expected to drive the compression garments and stockings market growth. Strict norms for the use of compression garments and stockings among armed forces personnel and athletes are anticipated to propel the market growth.

Rising Awareness Holds Key to Unlock New Markets

The key manufacturers in the global compression garments and stockings industry are keen to spread awareness about the benefits offered by compression garments and stockings. In May 2017, BSN Medical hosted panel discussions on chronic venous diseases and wound infection management at EWMA 2017. Medi GmbH & Co. KG spreads awareness through its alliance with the German Society for Arthroscopy and Joint Surgery, Eurocom, the German Association for Shoulder and Elbow Surgery, the German Knee Society, and other associations.

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More About Compression Garments and Stockings Market Study

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2015 to 2029. The global compression garments and stockings industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into the compression garments and stockings industry based on product type (compression garments, compression stockings), application (varicose vein, wound care, burns, oncology, other indications), and distribution channel (hospitals, ambulatory surgical centers, clinics, online sales, other healthcare facilities) across seven major regions.

Global Compression Garments and Stockings Industry by Category By Product :

  • Compression Garments
    • Upper Compression Garments
    • Lower Compression Garments
  • Compression Stockings
    • Anti-Embolism Compression Stockings
    • Gradient Compression Stockings

By Application :

  • Varicose Veins
  • Wound Care
  • Burns
  • Oncology
  • Others

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By Distribution Channel :

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Online Sales
  • Other Healthcare Facilities

By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • APEX
  • Japan
  • Latin America
  • 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.
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T: +1-845-579-5705
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Teeth Whitening Market Gleaming Bright Set to Reach US$ 10,766.7 Million by 2034 Indicating a Consistent Compound Annual Growth Rate (CAGR) of 4.10%

Teeth Whitening Market
Teeth Whitening Market

The global teeth whitening market is gleaming bright, and its growth is being driven by a growing customer need for a brilliant grin. As per a recent report, the market is anticipated to reach a remarkable US$ 10,766.7 million by 2034, indicating a consistent compound annual growth rate (CAGR) of 4.10%, from its expected US$ 7,204 million in 2024.

The considerable increase in growth can be ascribed to a rise in customer desire for brighter teeth. One of the main motivators for manufacturers to provide a larger variety of teeth whitening solutions is the desire for a brighter smile. Businesses are providing more and more customized solutions as they become aware of the varied wants of their clientele. This accommodates personal tastes and dental needs, guaranteeing a wider appeal to a wider range of customer demographics.

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In addition, the market for teeth whitening is deliberately expanding to include a greater variety of consumer markets. This involves focusing on various age groups to make sure that everyone looking for a whiter smile has solutions that work for them. By enabling more people to follow the trend of teeth whitening, this strategic expansion boosts the market’s overall growth.

Key Takeaways:

  • The teeth whitening market is estimated at US$7.2 billion in 2024 and is projected to reach US$10.8 billion by 2034, growing at a CAGR of 4.1%.
  • Rising demand for whiter smiles is fueling the market, with manufacturers offering personalized solutions to cater to diverse customer preferences.
  • The industry is expanding to include a wider range of consumer markets, encompassing different age groups.

Competition Outlook of the Teeth Whitening Market:

There are several well-known companies, up-and-coming startups, and private label brands in the teeth-whitening market, all fighting for a spotless grin in customers’ shopping carts. In order for brands to stay ahead of the curve, product innovation is crucial given the steady stream of new technology and components.

This means inventing at-home whitening kits that are easy to use and incorporate innovative application techniques, researching developments in light-based whitening technologies, and formulating effective yet delicate whitening products.

DTC brands are upending the market by providing affordable, individualized teeth-whitening treatments and easy online subscriptions. This compels traditional physical merchants and dentistry offices to alter their product lines and business models.

Recent Developments in the Teeth Whitening Industry

  • Procter & Gamble launched Crest Whitening Emulsions, which is a breakthrough formula that delivers five times more active hydrogen peroxide to the teeth and does not require rinsing or brushing.
  • Colgate Palmolive expanded its Colgate Optic White line of products with offerings such as Colgate Optic White Renewal Toothpaste.
  • Johnson & Johnson launched Listerine Healthy White Vibrant Multi-Action Rinse, which is a mouthwash that whitens teeth, prevents stains, and kills bad breath germs. The company also partnered with Byte, a direct-to-consumer brand that offers at-home teeth aligners and whitening kits, to provide oral care products and education to Byte customers.

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Key Companies in the Market:

  • Procter & Gamble
  • Colgate Palmolive
  • Johnson & Johnson
  • Unilever
  • Ultradent Products Inc.
  • Church & Dwight Co.
  • GlaxoSmithKline Plc
  • 3M Company
  • DENTSPLY international
  • Henkel AG & Co KGaA
  • Institut Straumann AG
  • Ivoclar Vivadent AG

Key Segments:

By Product:

  • Teeth Whitening Gels & Strips
    • Carbamide Peroxide with Potassium Nitrate and Fluoride
    • Carbamide Peroxide
    • Hydrogen Peroxide
  • Teeth Whitening Devices
    • LED Lights
      • Corded LED Lights
      • Cordless LED Lights
    • UV Lights
    • Halogen Lights
  • Oral Care Products
  • Others

By Distribution Channel:

  • Institutional Sales
    • Dental Hospitals
    • Dental Clinics
    • Group Dental Practice
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Hypermarket and Supermarket
    • Online Sales

By Region:

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705

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North American Medical Cart Industry is expected to reach US$ 3,750.98 Billion by 2034, growing at a steady 4.7% annual rate | FMI

North American Medical Cart Industry
North American Medical Cart Industry

The North American Medical Cart Industry is on track for significant growth, driven by advancements in healthcare and a focus on patient care efficiency. According to a recent market analysis, the industry is expected to surge at a robust CAGR (Compound Annual Growth Rate) of 4.7% by 2034. Currently valued at US$ 2.26 billion in 2023, the market is projected to reach a staggering US$ 3.75 billion by 2034.

Rising focus on point-of-care diagnosis & treatment has led to an increase in the use of mobile computer medical carts. Computer medical carts are used to record and update a patient’s electronic health records (EHR). Increased adoption of Electronic Health Records (EHR) is also observed to be an instrumental factor in the growth of the North American medical cart industry

The need for streamlining workflow has necessitated the integration of information technology (IT) solutions in healthcare settings. Medical carts manufactured by companies are presently serving the essential purpose of aiding nursing operations in medical facilities. The robust healthcare infrastructure in the US will demand the adoption of advanced medical carts that not only dispense medical instruments & supplies but also have integrated IT systems. In the years to come, the demand for medical carts in North America will witness a steadfast inclination towards IT-integrated medical carts.

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Constructive Prospects for the Future of the North American Medical Cart Industry

A lucrative opportunity for such prominent medical device manufacturers towards consolidating their presence in the medical carts market in North America is changing their product line following a shift in technology. Mechanical medical carts are being gradually replaced by new and enhanced technologies such as powered medical devices with battery systems, locking drawers (with negative tilt to facilitate efficient stocking of medication), and automated medicine dispensing systems.

In addition to this, increased focus on acquisitions and collaboration among companies have helped them expand their clinical carts product portfolio and cater to the demand for efficient healthcare systems. This has boosted the need for more effective and advanced medical equipment, devices and procedures. Emerging players must keep in mind that acquisitions over the years have resulted in strengthening the positions of current market leaders.

Key Highlights of the North American Medical Cart Industry Report follow,

  • In 2017 and beyond, computer medical carts will remain in great demand, procuring close to 40% of the market’s overall revenues towards the end of 2027
  • North America’s medical carts market is poised to witness the dominance of metal as base material, revenues from which will reflect a CAGR of 12.1%
  • Non-powered medical carts will also be top-sellers in the market, while revenues from sales of powered medical carts are anticipated to showcase a 12.6% CAGR
  • Hospitals will be the largest end-users of medical carts in North America

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North American Medical Carts Industry Key Segments:

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres
  • Diagnostic Centres
  • Others

By Region:

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

By Material Type:

  • Metal
  • Plastic
  • Wood

By Energy Source:

  • Powered
  • Non-Powered (Mechanical)

By Product Type:

  • Emergency Carts
  • Procedure/Treatment Carts
  • Anaesthesia Carts
  • Medical Computer Carts
  • Others

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Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Projections Point to Global Food Thickening Agents Market Exceeding US$ 3.93 Billion by 2033: FMI Analysis

By 2033, the food thickening agents market could be worth more than US$ 3.93 billion, compared to US$ 2.70 billion in 2023, according to FMI’s estimations. The market is probably going to show a moderate CAGR of 4% over this evaluation period.

The food and beverage industry has been going through an innovation period due to the client demand for nutritious and delectable ingredients. Companies have been driven by the convergence of technology and the food and beverage sector to improve the appeal of their goods. They also intend to offer high-quality solutions that are reasonably priced.

The food-thickening agents market is primarily driven by increased consumer awareness of contemporary culinary products, easy accessibility, and quickly changing lifestyles. Increased consumption of processed foods, growing consumer awareness of a healthy diet, and stricter governmental food regulations are projected to emerge as significant factors driving consumption throughout the projection period.

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The food and beverage sectors have been quite supportive of the clean-labeling movement. Businesses are focusing on creating clean-label products for the market as a consequence. Therefore, the demand for food-thickening agents derived from organic resources, such as plants and seaweeds, has increased.

The rising demand for food-thickening agents from the obese and diabetic populations is another key reason for their rising popularity. Since people now consider their health to be a primary concern, there has been a discernible movement in consumer preference away from items that include fat.

Given their ability to substitute calories with fat, thickening agents like starches and gums are becoming extremely prevalent as fat alternatives. This has increased consumer appetite for these products and has had an impact on this market in particular.

Food thickening agents were initially used as a crucial component in the bakery sector. There is a strong demand for bread and other bakery items worldwide that mandates the application of thickeners during manufacturing. The market is moving forward as a result of these key aspects.

Key Takeaways

  • The market in the United Kingdom is anticipated to exhibit a CAGR of 6.3% through 2033.
  • The United States dominated the market in 2022 holding a 14.2% share of the global market.
  • Registering a CAGR of 31.4% over the forecast period, the market in India is predicted to develop rapidly.
  • The market in China is expected to proliferate significantly, registering a CAGR of 5.5% over the forecast period.
  • Germany accounted for 5.8% of the global market in 2022.

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Competitive Landscape

Manufacturers in the food-thickening agents market are putting great emphasis on research and development activities to provide novel and sustainable solutions. In order to meet customer expectations for clean label, natural, and plant-based solutions, they are also investing in innovative technologies and formulations. They aim to enhance the functionality and performance of food thickening agents. Manufacturers are also concentrating on delivering personalized solutions for wide-ranging food applications. Additionally, to increase their market presence and adapt to changing customer tastes, they are constantly investigating strategic alliances and collaborations.

According to the market research Cargill Inc., Ingredion Incorporated., Archer Daniels Midland Company, Kerry Group plc, DuPont de Nemours Inc., Tate & Lyle PLC, TIC Gums, Inc., CP Kelco, Medline Industries Inc., Fuerst Day Lawson Limited, are among the key players in the food thickening agents market.

Recent Developments

  • In January 2021, Tate & Lyle added more tapioca-based starches to their lineup. The extension includes the recent thickening starches REZISTA MAX and gelling starches BRIOGEL. This has helped the business grow its line of products.

In November 2020, Ingredion Incorporated obtained Verdient Foods Inc. With the support of this takeover, the business turns more capable of improving its overall sales, expanding its manufacturing capacity, and collaborating with other companies to fulfill the growing demand for plant-based food thickeners.

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Key Segments Covered in the Food thickening agents market

By Source:

  • Plant
    • Guar Gum
    • Gum Arabic
    • Locust Bean Gum
    • Pectin
    • Starches
    • Other Plant Sources
  • Seaweed
    • Carrageenan
    • Agar
    • Alginate
  • Microbial
    • Gellan Gum
    • Curdlan
    • Xanthan Gum
  • Animal (Gelatine)
  • Synthetic
    • Carboxy Methyl Cellulose
    • Methyl Cellulose

By Application:

  • Bakery & Confectionery
  • Meat & Poultry
  • Sauces & Dressings
  • Beverages
  • Dairy Products
  • Other Applications

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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IV Fluid Transfer Drug Device Market Expected Growth, Reaching US$ 9,250.9 Million by 2033 with CAGR of 3.4%

IV Fluid Transfer Drug Devices Market
IV Fluid Transfer Drug Devices Market

The global IV fluid transfer drug devices market ,for vital instruments for injecting drugs is expected to increase steadily over the next ten years. A recent analysis projects that the market will reach US$ 9,250.9 million by 2033, indicating a compound annual growth rate (CAGR) of 3.4% from its present worth of US$ 6,652.7 million in 2023.

Given the market’s past performance, which witnessed a moderate CAGR of 2.1% between 2018 and 2022, this increase is especially encouraging. The major change is the swift economic growth of developing countries in Africa, Latin America, and Asia. This translates to increased healthcare spending and improved access to medical care for a wider population.

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Key Takeaways:

  • The global IV fluid transfer drug device market is expected to reach US$9.25 billion by 2033, growing at a CAGR of 3.4%.
  • While historical growth was modest, significant opportunities lie in developing economies.
  • Rising healthcare spending and increased access to medical care in these regions are key drivers.
  • A growing middle class with a demand for advanced medical technologies fuels market expansion.
  • Manufacturers are strategically targeting developing economies to capitalize on infrastructure growth and the need for innovative medical devices.

Key Market Highlights

Sales to Increase Over Time at a Higher CAGR

The IV fluid transfer medication device market has historically performed slowly, with a 2.1% CAGR from 2018 to 2022 and a 1.3% CAGR through 2033. Developing countries, particularly those in Asia, Latin America, and Africa, have experienced rapid economic development, which has led to higher healthcare spending and easier access to healthcare. The expanding middle class in these areas is driving demand for IV fluid transfer medication devices because IV therapy is an essential component of healthcare delivery. Manufacturers are concentrating more on these sectors in order to capitalize on the growing healthcare infrastructure and the need for state-of-the-art medical equipment; this will result in higher sales in the upcoming years.

Competitive Landscape in the IV Fluid Transfer Drug Devices Market:

Established global leaders, new startups, and local businesses make up the IV fluid transfer medication devices market. Leading international companies with extensive product portfolios and innovation, such as B. Braun Melsungen AG and Baxter International, dominate. Startups bring new perspectives, frequently focused on intelligent IV solutions. Differentiation is essential, and competitive elements include things like smart monitoring, wireless connectivity, and sustainability programs. While telehealth integration is rising to prominence in this changing landscape, compliance, customer service, and personalization are also essential.

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Recent Development in the IV Fluid Transfer Drug Devices Market

  • In 2021, a smart IV infusion dosing system was introduced in several hospitals in the United States. The system is used to detect and monitor the liquid in the IV bottle. It also includes dosing ranges and other safety limits to minimize errors and alert the clinician when the limit of a drug is exceeded.
  • B. Braun Medical Inc., a healthcare company specializing in infusion therapy and addressing pain management solutions, was given the final approval by the USA Food & Drug Administration (FDA) to build a pharmaceutical manufacturing facility in Daytona Beach, FL in March 2022.
  • In October 2022, ALCOR and Merck KGaA developed a specific version of Mallya device as an accessory for one of Merck KGaA, Darmstadt, Germany’s drug delivery devices. Mallya is a Bluetooth-enabled clip-on device for pen injectors that collects the dose and time of each injection and transfers information in real time to companion software.

Key Players in the IV Fluid Transfer Drug Devices Market:

  • Advance Medical Designs Inc.
  • B. Braun Medical
  • Baxter Healthcare
  • ICU Medical Inc.
  • Hospira
  • Q.I. Medical Inc.
  • Pfizer
  • Unilife Corporation
  • Amedra Pharmaceuticals
  • Sanofi
  • Biogen Idec

Market Segmentation:

By Application:

  • Autoimmune Diseases
  • Blood Disorders
  • Cardiovascular Disorders
  • Neurology
  • Oncology
  • Others

By End-use Sector:

  • Hospitals
  • Specialized Clinics
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & 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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Naturally Derived Sweeteners Market Grows at 5.9% CAGR by 2032 | Report by FMI

The Naturally Derived Sweeteners Market refers to the industry that deals with the production, distribution, and consumption of sweeteners derived from natural sources. These sweeteners are typically obtained from plants or other natural sources and are used as alternatives to artificial sweeteners, such as aspartame or saccharin.

The naturally derived sweeteners market is anticipated to develop at a CAGR of 5.9% from 2022 to 2032, reaching a worth of USD 9.6 billion in 2022 and surpassing USD 17 billion in 2032.

In recent years, the global natural sweeteners market has seen increasing trends. The growth of this industry is primarily driven by an increase in consumer health consciousness, which encourages demand for healthier food options, an increase in demand for natural sweeteners due to a shift in consumer preferences toward organic products, and a growing demand for alternatives of sugar in a variety of food and beverage applications.

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Ascending consumer awareness about the consumption of naturally derived food ingredients is expected to continue underpinning the demand for naturally derived sweeteners over the upcoming years. Being perceived as a potential replacement to conventional sugars, naturally derived sweeteners are likely to demonstrate promising consumption through the next decade. High traction for plant-based sweeteners or those sweetening agents that contain only naturally sourced ingredients is expected to create several opportunities in the consolidated marketplace of naturally derived sweeteners. Furthermore, several governments are extending financial support to encourage natural ingredient cultivation, creating a favorable scenario for farmers especially in developing countries.

Competition Landscape: Top Modified Naturally Derived Sweeteners Manufacturers

According to the market research E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd.

GLG Lifetech Corporation Wisdom Natural Brands (SweetLeaf Stevia), are among the key players in the naturally derived sweeteners market.

Because of the rising prevalence of diabetes and obesity among consumers around the world, there is a significant increase in demand for low-calorie and sugar-free products, which is expected to boost the growth of the Naturally Derived Sweeteners Market.

Global Naturally Derived Sweeteners Market Segmentation

By Product Type:

  • Stevia
  • Palm Sugar
  • Coconut Sugar
  • Honey
  • Maple Syrup
  • Monk Fruit Sugar
  • Agave Syrup
  • Lucuma Fruit Sugar
  • Molasses
  • Natural Sweetener Blends

By Form:

  • Powder
  • Liquid
  • Crystals

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food
    • Bakery Goods
    • Sweet Spreads
    • Confectionery
    • Dairy Products
    • Canned Food
    • Others
  • Beverages
    • Powdered Drinks and Mixes
    • Carbonated Drinks
    • Fruit Drinks & Juice
    • Others
  • Personal Care
  • Pharmaceuticals
  • Tabletop Sweetener

Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

Region:

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

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Frequently Asked Questions

  • How much is the naturally derived sweeteners market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is boosting naturally derived sweeteners sales?
  • How are market players reacting to the new developments in the market?
  • How much share does the top 5 companies hold?
  • Which are the major countries driving demand for naturally derived sweeteners?
  • Who are the major players in naturally derived sweeteners market?
  • What outlook does East Asia provide?
  • At what rate will the U.S. naturally derived sweeteners market grow?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Varicose Vein Treatment Industry is predicted to reach a value of US$ 1.4 Billion with a CAGR of 6.8% By 2033 | FMI

Global Varicose Vein Treatment Industry
Global Varicose Vein Treatment Industry

The Global Varicose Vein Treatment Industry is poised for significant expansion over the next decade, according to a recent report by Future Market Insights (FMI). The report, titled “Global Varicose Vein Treatment Industry: Analysis and Opportunity Assessment, 2023-2033,” projects a robust market valuation of US$ 1,477.3 million by 2033, reflecting a substantial Compound Annual Growth Rate (CAGR) of 6.8%. This growth trajectory signifies a significant rise from the market’s current value of US$ 765.2 million in 2023.

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Unattended varicose veins can cause severe pain through swelling, ulceration, venous eczema, and lipodermatosclerosis. Treating them through appropriate measures becomes quite crucial. One may opt for non-surgical remedies such as sclerotherapy, leg elevation, or alternative invasive techniques such as endovenous laser treatments. Collectively, these therapies can be addressed as varicose vein treatments, medically practised in all parts of the world. The demand for such varicose vein treatments is expected to grow in the years to come.

Global Varicose Vein Treatment Industry Opportunities

Backed with strong clinical evidence, endovenous laser ablation devices are more popular to treat varicose veins. However, compared to other procedures such as foam fillers, vein stripping costs, and blast with electricity, endoscopic variceal ligation (EVL) is a costlier treatment alternative. The launch of cost-effective EVL devices will work as a favourable opportunity for new entrants as well as existing players in the market. Decreasing the procedure costs and enhancing the adoption of affordable devices will cumulatively boost the adoption of varicose vein treatments.

Among the wide variety of endovenous laser ablation devices available in the market, some of them may lead to complications such as thrombophlebitis, nerve damage, burns and deep vein thrombosis conditions. There is a potential opportunity for endovenous laser ablation device manufacturers to tap the larger market by offering competitive products that cause fewer complications.

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APEJ Varicose Vein Treatment Market to Record Speedy Growth

Apropos the report, more than 40% of the market revenues will remain concentrated in North America, throughout the forecast period. By 2026-end, North America’s varicose vein treatment market will have reached a value of US$ 420 Mn. US-based AngioDynamics, Inc. will be observed as a key player in the market during this period. In terms of revenue growth, the varicose vein treatment market in Asia-Pacific excluding Japan (APEJ) region is projected to be at the forefront.

By exhibiting 7% CAGR, the APEJ varicose vein treatment market will witness the active participation of Korean medical device manufacturer, Wontech Co., Ltd. Apart from these, Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical, Energist Ltd. and intros Medical Laser GmbH are other companies partaking in the growth of Global Varicose Vein Treatment Industry.

The report further reveals that hospitals and ambulatory surgical centres as end-users will account for a larger share of global revenues, while specialised clinics will register the fastest revenue growth at 7.2% CAGR. The report also identifies endovenous laser treatment as the dominant Global Varicose Vein Treatment Industry, procuring revenues worth over US$ 500 Mn by the end of 2026.

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Global Varicose Vein Treatment Industry Taxonomy By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialised Clinics

By Treatment Type

  • Endovenous Laser Systems
    • Diode Lasers
    • Yag Lasers
  • Endovenous Laser Fibres
    • Bare Tip Laser Fibres
    • Radial Tip Laser Fibres
    • Gold Tip Laser Fibres
  • Treatment

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Phycocyanin Market Grow to Reach US$ 1,487.7 Million by 2033 | Future Market Insights Inc.

The anticipated value of the worldwide phycocyanin market in 2022 was US$ 754.40 million. The market is anticipated to reach US$ 1,487.7 million, growing at a CAGR of 7% from 2023 to 2033 due to shifting customer preferences toward natural food-grade substances.

Phycocyanin is a natural blue pigment derived from certain species of blue-green algae, also known as cyanobacteria. It is widely used in various industries, including food and beverages, pharmaceuticals, cosmetics, and agriculture, due to its unique properties and potential health benefits.

The benefits of phycocyanin, a substance produced from spirulina, in terms of nutrition and color are driving tremendous expansion in the food and beverage industry. The pigment is mostly used as a natural coloring addition in the food industry. Its use as an additive for food coloring has received permission from the U.S. Food and Drug Administration (FDA).

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The organically produced pigment can be used as a nutraceutical component since it has antioxidant activity both in vitro as well as Vivo. Many countries forbid the import and export of items that include artificial food colors, which is assisting the phycocyanin industry’s growth.

Phytocyanin is one of the few naturally generated blue hues acknowledged in Europe, Asia and North America. Its use as coatings for pharmaceuticals and nutritional supplements was also permitted a few years ago. Spirulina extract is exempted from certification by the U.S. FDA Code of Federal Regulations since it has been approved as a color additive. It is produced by sifting spirulina platensis dry biomass and separating it with water.

Increasing the patent manufacturing process of these substances to ensure a stable supply of pigments, strengthening distribution channels, and increasing consumer awareness of the various benefits of natural components, particularly in emerging markets, may further contribute to worldwide expansion.

Key Takeaways from the Market Study

  • Global phycocyanin market is expected to be valued at US$ 785 million by 2023
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.7%.
  • From 2023 to 2033, the United States market for phycocyanin is projected to account for about 20% of global market share.
  • By form type, the powder segment was estimated to acquire 76.9% share in 2022.
  • On the basis of grade, the E18 food grade segment acquired a 56.9% market share in 2022.

“The phycocyanin products are gaining traction due to its natural origin, health benefits and application across a wide range of sectors.” Remarks an FMI analyst.

Competitive Landscape

Prominent players in the phycocyanin market are Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Fraken Biochem Co., Ltd. and others.

Some key developments of the leading companies in this market are:

  • A cooperative study into the impacts of the naturally occurring blue pigment phycocyanin obtained from DIC-cultivated Spirulina will be launched in 2022, according to an announcement made by DIC Corporation, Leave a Nest Co., Ltd and Innoqua Inc.
  • Innoqua’s core “environmental transfer technology,” which enables the recreation of particular marine ecosystems in enclosed environments (aquariums), will be used by DIC and Innoqua to raise corals and evaluate the efficacy of phycocyanin in preventing coral bleaching with the help of Leave a Nest.
  • The research will examine whether phycocyanin’s antioxidant qualities and its ability to block particular wavelengths of light when dispersed in seawater are effective in preventing coral bleaching, in addition to whether corals that absorb phycocyanin produce red fluorescence and do so in order to reduce the stress caused by solar radiation.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global phycocyanin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033. The following are the key segments profiled in the Global Phycocyanin Market Report.

By Nature:

  • Organic
  • Conventional

By Form:

  • Powder
  • Liquid

By Grade:

  • Phycocyanin E18
  • Phycocyanin E25
  • Phycocyanin E3.0

By Application:

  • Food & Beverage
  • Cosmetics & Personal Care
  • Nutraceuticals
  • Animal Feed
  • Aquaculture

By Region:

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

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India. Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Graft Versus Host Disease (GvHD) Treatment Market Projected to Reach US$ 5,960.7 Million by 2033 with 8.2% CAGR

Graft Versus Host Disease (GvHD) Treatment Market
Graft Versus Host Disease (GvHD) Treatment Market

The graft versus host disease (GvHD) treatments market , a dangerous side effect that is growing significantly after allogeneic HCT (stem cell transplantation). A recent analysis projects the market will reach US$ 5,960.7 million by 2033, indicating a compound annual growth rate (CAGR) of 8.2% from its 2023 value of US$ 2,713.6 million

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  • Better HCT outcomes: Patients now have higher overall survival rates thanks to developments in allogeneic HCT. GvHD is still a serious post-transplant complication, nevertheless. The market is expanding because there is a continuing need for GVHD treatments that work.
  • Trend toward combination therapy: Combination therapies, which combine corticosteroids with other drugs, are becoming more and more popular on the market. This strategy provides a more focused and possibly more successful GvHD treatment.
  • New developments in drugs: It is a big step forward that more modern drugs like Rezurock and Jakafi have recently been approved for the treatment of persistent GvHD. When compared to conventional therapies, these medications show promise for bettering patient outcomes.

The US Food and Drug Administration authorized Orencia (abatacept) in December 2021 for the treatment of GVHD in adults and pediatric patients. Orencia is used not just to treat autoimmune illnesses but also to prevent them. This medication avoids the attack of T-cells, which are crucial in acute GVHD, by selectively attaching to and modifying one of the primary costimulation signals these cells send.

This stops T-cells from fully activating, which stops acute (GVHD) from happening. Physicians are assessing a number of novel strategies to avoid (GVHD) in the future.

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Key Takeaways:

  • The global graft versus host disease (GvHD) treatment market is expected to reach US$5.96 billion by 2033, growing at a CAGR of 8.2%.
  • Rising adoption of combination therapies and advancements in allogeneic hematopoietic cell transplant (HCT) are key growth drivers.
  • Newer medications like Jakafi and Rezurock offer improved efficacy for chronic GvHD compared to traditional treatments.

Recent improvements in acute graft-versus-host disease (GVHD) severity levels and overall survival rates may be advantageous for allogeneic hematopoietic cell transplant patients; nevertheless, a number of issues still need to be resolved. Furthermore, more recent drug approvals for the prevention and treatment of chronic (GVHD) include Jakafi and Rezurock, which may be more beneficial than earlier ones.

Key Segments Profiled in Market:

By Product:

  • Monoclonal antibodies
  • mTOR inhibitors
  • Tyrosine kinase inhibitors
  • Thalidomide
  • Etanercept

By Disease:

  • Acute Graft Versus Host Disease (aGvHD)
  • Chronic Graft Versus Host Disease (cGvHD)

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & 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
Website: https://www.futuremarketinsights.com
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