Global Anti-Ageing Products Services and Devices Industry is expected to grow at a consistent 5.3% CAGR to reach US$ 101.8 is expected to grow at a consistent 5.3% CAGR to reach US$ 101.8 Billion by 2034 | FMIillion by 2034 | FMI

The Global Anti-Ageing Products Services and Devices Industry is experiencing significant growth, according to a revised market report by Future Market Insights (FMI). The market, currently valued at US$ 60.8 billion in 2024, is projected to reach US$ 101.8 billion by 2034, reflecting a steady compound annual growth rate (CAGR) of 5.3%.

Key Drivers of Global Anti-Ageing Products Services and Devices Industry Growth:

  • Focus on Safety and Efficacy: The introduction of safe and effective anti-aging products, driven by stricter regulations, is bolstering market expansion. This focus on safety compels anti-aging device manufacturers to prioritize product quality and efficiency.
  • Increased R&D Investments: Stringent regulations are pushing manufacturers to invest in research and development (R&D) to create cutting-edge anti-aging solutions. This continuous innovation fuels market growth.

While aging is an intrinsic biological process, the influence of extrinsic factors such as air pollution, harmful UV rays exposure, and alcohol consumption cannot be underestimated for their role in skin cell damage and premature aging. Anti-aging creams and lotions, which help maintain skin moisture and youthful radiance, have become indispensable components of modern life.

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The growing prevalence of skin disorders such as atopic dermatitis, melanoma, and non-melanoma skin cancer will improve the adoption of anti-aging treatments.

Rising awareness regarding skincare routines and growing urgency to have younger-looking skin have amplified the sales of products rich with retinol, moisturizers, and dermal fillers reducing wrinkle lines among women.

Another key factor responsible for growing revenues in the anti-aging market is promotion and advertisements featuring celebrities to endorse the products and treatments.

As such, key players are adopting different strategies to boost their revenue generation, fueling the market growth.

Key Takeaways from FMI’s Global Anti-Ageing Products Services and Devices Industry Study

  • In terms of application, anti-wrinkle treatment is anticipated to be the largest segment in terms of revenue
  • Anti-cellulite treatment will witness robust growth owing to the increasing number of people undergoing this procedure across the U.S. and the UK
  • The U.S. is anticipated to register high demand, leading the North American market over the forecast period
  • The UK and France will witness steady growth owing to the increasing ageing population and rising prevalence of skin disorders in the region
  • Driven by increasing demand for anti-aging products among the aging population, Germany recorded notable growth, accounting for 15% of the global market share
  • India is anticipated to emerge as a lucrative market backed by the high demand for cellulite treatment and chemical peels in the country

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Global Anti-Ageing Products Services and Devices Industry by Category By Application:

  • Anti-Pigmentation Therapy
  • Anti-Cellulite Treatment
  • Anti-Wrinkle Treatment
  • Acne Management
  • Scar Treatment
  • Others

By Product Type:

  • Creams
  • Moisturizers
  • Retinols
  • Dermal Fillers
  • Botulinum Toxin
  • Chemical Peels
  • Cellulite Treatment
  • Non-Surgical Fat Reduction
  • Others

By Distribution Channel:

  • Dermatology Clinics
  • Hospitals, Pharmacies, Drugstores
  • Rejuvenation Centers
  • Others

Competitive Landscape

Prominent players in the market are focusing on strategic mergers and collaboration to expand their global footprint in the market.

New product launches coupled with increasing research & development activities for the development of advanced anti-aging products & devices will also be one of the key strategies to enhance their customer base for market players.

For instance, in December 2020, Devonian Health Group, a global clinical-stage botanical pharmaceutical corporation, announced the launch of R-Spinasome anti-aging technology global sales and marketing partnerships.

Also, in January 2021, Aptar Beauty announced the development of its first airless roll-on capsule for LightinDerm Skincare Device.

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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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T: +1-845-579-5705
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3D Printed Maxillofacial Implants Market Set for Robust Growth at 8.2% CAGR, Reaching US$ 1,119.1 Million by 2033

3D Printed Maxillofacial Implants Market
3D Printed Maxillofacial Implants Market

The global demand for 3D printed maxillofacial implants market is anticipated to show a compound annual growth rate (CAGR) of 8.2% and reach a market valuation of US$ 1,119.1 million by 2033.

Increased demand for efficient reconstructive operations and an increase in traffic accidents due to urbanization and industrialization are expected to present a number of growth prospects for the 3D printed maxillofacial market. During the assessment period, it is projected that the market for 3D printed maxillofacial implants would grow due to the rising desire for less invasive surgical procedures.

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Revolutionizing Maxillofacial Surgery: 3D Printing Takes Center Stage

A recent Future Market Insights report highlights the burgeoning market for 3D printed maxillofacial implants. These innovative implants offer a new era of possibilities in maxillofacial reconstruction, surpassing limitations associated with traditional methods.

Market Poised for Exponential Growth

The report reveals a promising future for the market, with a projected CAGR of 8.2% over the next decade. This follows a steady growth trajectory observed between 2018 and 2022, where the market reached a value of US$483.8 million. The rising demand for 3D printed maxillofacial implants is attributed to several key advantages:

  • Reduced Surgical Times: 3D printing allows for customized implants, streamlining surgical procedures and minimizing patient recovery time.
  • Unprecedented Customization: Unlike traditional implants with limited size and shape options, 3D printing enables the creation of personalized implants that perfectly fit a patient’s unique anatomy.

Key Takeaways:

  • The global 3D printed maxillofacial implants market is projected to reach a value of US$1,119.1 million by 2033, reflecting a significant rise from US$507.3 million in 2023.
  • This growth is anticipated at a strong compound annual growth rate (CAGR) of 8.2% throughout the forecast period.
  • The increasing demand for personalized and minimally invasive surgical solutions for maxillofacial reconstruction is a key driver for market expansion.

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Competition Analysis:

Key players in the global 3D printed maxillofacial implants market include Materialise, Zimmer Biomet, Medartis, DePuySynthes, and others.

Recent Industry Updates include:

  • In May 2022, Medartis Holding AG announced that it has completed the acquisition of Nextremity Solutions Inc., a strategic commercialization organization located in Warsaw, Indiana. The total purchase price for the transaction is going to be up to US$ 70 million and includes milestone and earn-out payments of up to US$ 30 million. The initiative might allow Medartis to expedite its USextremities business by gaining access to a comprehensive product pipeline, strong relationships with US design surgeons, and an experienced research and development team.
  • In December 2020, Zimmer Biomet Holdings, Inc., a globally renowned healthcare player announced that the company completed the acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company, for US$ 150 million in cash at closing and S$ 100 million in cash payable in 2021.

Key Companies Profiled:

  • Johnson & Johnson Services
  • Materialise
  • Stryker Corporation
  • Zimmer Biomet Holdings
  • B. Braun Melsungen
  • Medtronic Plc.
  • Boston Medical Products
  • Integra Lifesciences
  • KLS Martin
  • Medartis

Key Segments Profiled in the Global 3D Printed Maxillofacial Implants Market:

By End User Verticals:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Other End User Verticals

By Region:

  • North America Market
  • Latin America Market
  • Europe 3D Market
  • Asia Pacific Market
  • The Middle East & African (MEA) Market

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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,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Global Digital Breast Tomosynthesis Equipment Industry is expected to reach US$9.5 Billion by 2033, driven by a 13.9% CAGR | FMI Study

The Global Digital Breast Tomosynthesis Equipment Industry is poised for a remarkable surge, fueled by a projected Compound Annual Growth Rate (CAGR) of 13.9% from 2023 to 2033. This remarkable growth trajectory is expected to propel the market value to an estimated US$ 2,594.4 million by 2033, according to industry experts.

Digital breast tomosynthesis (DBT) has emerged as a game-changer in breast imaging technology, providing enhanced three-dimensional views for more accurate and detailed examinations. The rising prevalence of breast cancer and the growing demand for advanced diagnostic tools have significantly contributed to the soaring popularity of DBT equipment.

In this report, Future Market Insights (FMI) offers a 10-year forecast (2023–2033) of the digital breast tomosynthesis (DBT) equipment market. In terms of value, the digital breast tomosynthesis equipment market is expected to register a CAGR of 13.9% during the forecast period. This study demonstrates market dynamics and trends in major countries and regions, which are expected to influence the current environment and future status of the Global Digital Breast Tomosynthesis Equipment Industry over the forecast period.

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Report Description

This report examines the Global Digital Breast Tomosynthesis Equipment Industry for the period 2016-2026. The primary objective of the report is to offer insights into advancements in the digital breast tomosynthesis equipment market that are significantly helping transform the breast imaging market.

The digital breast tomosynthesis equipment market report begins by defining mammography and its types. It also lists the various mammography techniques. This is followed by an overview of the Global Digital Breast Tomosynthesis Equipment Industry. The overview section includes FMI’s analysis of key trends, drivers, restraints and opportunities influencing growth of the global digital breast tomosynthesis equipment market. Impact analysis of key growth drivers and restraints based on the weighted average model has also been included in the report to better equip clients with country-specific trends and insights.

Rising incidence of breast cancer in developing countries with increasing life expectancy and increasing adoption of unhealthy lifestyles are primary factors driving growth of the digital breast tomosynthesis equipment. Hospitals and diagnostic centres are upgrading their existing digital mammography machines and installing new DBT equipment due to increasing evidences about effective combination of 2D and 3D mammography in cancer detection and reducing false positive call-backs. Combination of 2D and 3D mammography has become the new standard of care, since 3D mammography compliments conventional 2D mammography.

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The following section of the report highlights the Global Digital Breast Tomosynthesis Equipment Industry by region. It provides a market outlook for 2016–2026 and sets the forecast within the context of the digital breast tomosynthesis equipment market. The study discusses the key regional trends contributing to growth of the digital breast tomosynthesis equipment market across the globe. It also analyses the degree to which global drivers are influencing this market in each regions.

The forecast presented here assesses the total revenue generated across the Global Digital Breast Tomosynthesis Equipment Industry. To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Global Digital Breast Tomosynthesis Equipment Industry would develop in the future. Given the characteristics of the market, we triangulated the outcome based on three different types of analysis, i.e. by supply side, downstream industry demand and economic envelope.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse based on key parameters such as Year-On-Year (Y-o-Y) growth rates, to understand the predictability of the Global Digital Breast Tomosynthesis Equipment Industry and to identify the right opportunities the market presents. The global digital breast tomosynthesis equipment market segments in terms of product type, end-user type and regional presence are analyzed based on their respective Basis Point (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the respective market.

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Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as for identifying potential resources from a sales and delivery perspective.

In the final section of the report, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view, to get a firm understanding of the key differentiators among competitor firms. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the digital breast tomosynthesis equipment value chain and the potential players about the same. This section also includes market strategies and SWOT analysis of the main players in the market.

Global Digital Breast Tomosynthesis Equipment Industry Key Segments Covered

  • By Product type
    • DBT Equipment
    • 3-D Upgradation
  • By End User
    • Hospitals
    • Diagnostic centres

Key Regions Covered

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

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Key Companies

  • Hologic Inc.
  • Siemens Healthineers
  • Fujifilm Corporation
  • GE Healthcare
  • Internazionale Medico Scientifica S.r.l.
  • Planmed OY

 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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Vaginal Specula Market Growth at 3.4% CAGR, Reaching US$ 1,301.5 Million by 2033

Vaginal Specula Market
Vaginal Specula Market

The global vaginal specula market size is expected to increase from US$ 936.0 million in 2023 to US$ 1,301.5 million by 2033, with a compound annual growth rate (CAGR) of 3.4% by the end of the projection period.

A plastic or metal vaginal speculum is a tool used in Pap smear examinations, where cells are taken from the vaginal walls and examined under a microscope. The test also aids in determining whether malignant cells are present. Consequently, the market for vaginal speculums may see an increase due to the rising incidence of cervical cancer. Any intrauterine device insertion can also be done using the speculum.

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Vaginal Specula: A Vital Tool for Women’s Health

Vaginal specula are medical instruments used during pelvic examinations and procedures like Pap smears, which screen for cervical cancer. These devices, typically made of plastic or metal, help healthcare professionals visualize the cervix and collect cell samples for analysis.

Market Growth Driven by Public Health Initiatives

The rising incidence of cervical cancer among women is a significant factor influencing market growth. As a result, healthcare organizations and governments are prioritizing cervical cancer screening programs to ensure early detection and treatment. This focus on preventive healthcare translates into a growing demand for vaginal specula.

Key Takeaways:

  • The global vaginal speculum market is expected to reach US$1,301.5 million by 2033, reflecting a rise from US$936.0 million in 2023.
  • This growth is projected at a consistent compound annual growth rate (CAGR) of 3.4% throughout the forecast period.
  • The rising prevalence of cervical cancer and increasing focus on cervical cancer screening programs are key drivers for market expansion.

Competitive Landscape:

Key Contracts/ Agreements/ Acquisitions:

The bulk of revenue share in the global market is held by a small number of large and medium-sized market players, indicating market fragmentation. Prominent entities in the worldwide industry are implementing diverse tactics, engaging in mergers and acquisitions, signing strategic agreements and contracts, and embracing automated technology.

  • Baxter announced the acquisition of Hillstrom in December 2021, one of the leading manufacturers of vaginal specula. This acquisition unlocked the next phase of the company’s transformation for enhanced global impact on patients, employees, clinicians, and shareholders, increasing the sales of vaginal specula systems.
  • CooperCompanies announced the acquisition of OBP Medical Corporation in May 2021, a United States-based medical device company that develops and markets products like single-use vaginal speculums with integrated LED illumination.
  • CooperSurgical acquired AEGEA Medical of California and its FDA-approved Mara Water Vapor Ablation System in February 2021. Added to CooperSurgical’s existing portfolio of medical products focusing on clinic practice-based women’s health, the acquisition builds on the company’s over 30 years of experience in women’s healthcare, expanding the demand for vaginal speculas.
  • Creek Women’s Health, a company dedicated to women’s health, announced the release of Nella VuLight, a best-in-class vaginal speculum that illuminates the cervix and wall of the vagina.
  • At Duke University, researchers are testing a tampon-size device with a 2-megapixel camera attached at the end to aid in viewing the cervix more clearly. This device uses a light source and a camera to improve patient visibility and results. For market players, such developments in vaginal specula create significant growth opportunities.

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The Key Players in the Global Market:

Some key players across the value chain of the global market are:

  • OBP Medical
  • Cooper Surgical Cooper Surgical
  • B. Braun Melsungen AG
  • Welch Allyn
  • Pelican Feminine Healthcare
  • Crown Holdings Inc.
  • DYNAREX Corporation
  • MedGyn
  • Integra Lifesciences
  • Sklar Surgical
  • Steris
  • Teleflex Inc.
  • Robinson Healthcare

Vaginal Specula Market Segmentation:

By Product Type:

  • Vaginal Speculum with Smoke Evacuator

By Type:

  • Disposable
  • Reusable

By Procedure:

  • Electrosurgical Colposcopy
  • Endometrial Biopsy
  • General Examination
  • Others

By End User:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Semi-Automatic

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
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Global Urinary Tract Infection (UTI) Treatment Industry is Expected to Grow Impressively, with a 1.9% Compound Annual Growth Rate to Reach US$ 13,617.4 Million by 2034 | FMI

The Global Urinary Tract Infection (UTI) Treatment Industry is expected to witness consistent growth over the next decade, according to a recent market analysis. The market, valued at an estimated US$ 11.24 billion in 2024, is projected to reach US$ 13.62 billion by 2034, reflecting a compound annual growth rate (CAGR) of 1.9%.

The urinary tract infection treatment market is poised for substantial growth in the foreseeable future, attributed to factors such as hormonal changes, inadequate personal hygiene practices, catheter usage, and other contributing factors. As the prevalence of urinary tract infections rises, the market is anticipated to experience noteworthy expansion in the coming years.

The heightened occurrence of chronic kidney diseases, including conditions like bladder cancer and renal failure, has resulted in a greater utilization of catheters and other drainage devices among patients. Individuals using urinary catheters face an elevated risk of developing complicated urinary tract infections, driving the demand for UTI treatment.

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Supportive government policies, initiatives, and regulations can influence the market positively by fostering research and development in the field of UTI treatment. Increased spending on healthcare infrastructure and services, both in developed and developing countries, can positively influence the UTI treatment market.

The adoption of telehealth and remote patient monitoring technologies can facilitate better management and follow-up care for individuals with UTIs. Growing awareness among patients and healthcare professionals about the importance of early detection and prompt treatment of UTIs can contribute to market growth.

Global Urinary Tract Infection (UTI) Treatment Industry Key Takeaways

  • From 2019 to 2023, the urinary tract infection (UTI) treatment market was valued at a CAGR of 2.1%
  • Based on indication, the uncomplicated UTI segment is expected to account for a share of 76.2% in 2024.
  • Global urinary tract infection (UTI) treatment demand in China is predicted to account for a CAGR of 2.0% in 2024.
  • In the United States, the urinary tract infection (UTI) treatment industry is expected to account for a CAGR of 2.5% in 2024.
  • India is projected to expand by a value CAGR of 1.9% between 2024 and 2034.
  • The urinary tract infection (UTI) treatment market in Japan is anticipated to record a CAGR of 2.1% in 2024.

Increased prevalence of urinary tract infections and strategic advancements in treatment options propel the growth of the urinary tract infection treatment market.” says an FMI analyst.

Global Urinary Tract Infection (UTI) Treatment Industry Competitive Landscape

The market players are investing in ongoing research and development activities to discover and develop new and more effective UTI treatment options. This could involve the exploration of novel antibiotics, combination therapies, and innovative drug delivery methods. Expanding market presence by entering new geographic regions and enhancing distribution networks to ensure wider availability of UTI treatments.

  • Bristol-Myers Squibb Company focuses on the development of drugs in various therapeutic areas, including infectious diseases. They might have products related to UTI treatment.
  • Janssen Global Services LLC is a pharmaceutical company under the umbrella of Johnson & Johnson. They may have products related to infectious diseases, including UTI treatment.
  • Lupin is an Indian multinational pharmaceutical company. They might have a range of pharmaceutical products, including those related to infectious diseases.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global urinary tract infection (UTI) treatment market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the urinary tract infection (UTI) treatment industry, the industry is segmented based on Drug Class (Penicillin & Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides (Sulfamethoxazole, Trimethoprim), Azoles and Amphotericin B, Tetracycline (Doxycycline), Nitrofurans (Nitrofurantoin), Others) By Indication(Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection) By Distribution Channel(Hospital PharmaciesGynecology and Urology ClinicsDrug StoresRetail PharmaciesOnline Drug Stores) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Key Players operating in the Global Urinary Tract Infection (UTI) Treatment Industry are

  • Allergan
  • Bayer AG
  • Pfizer, Inc.
  • GlaxoSmithKline plc
  • Bristol-Myers Squibb Company
  • Janssen Global Services, LLC
  • Lupin Ltd
  • Merck & Co., Inc.
  • Almirall, S.A
  • Dr. Reddy’s Laboratories Ltd.

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Global Urinary Tract Infection (UTI) Treatment Industry – Key Segments

By Drug Class:

  • Penicillin & Combinations
  • Quinolones
  • Cephalosporin
  • Aminoglycoside Antibiotics
  • Sulphonamides (Sulfamethoxazole, Trimethoprim)
  • Azoles and Amphotericin B
  • Tetracycline (Doxycycline)
  • Nitrofurans (Nitrofurantoin)
  • Others

By Indication:

  • Complicated
  • Uncomplicated

By Distribution Channel:

  • Hospital Pharmacies
  • Gynecology and Urology Clinics
  • Drug Stores
  • Retail Pharmacies
  • Online Drug Stores

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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 billion+ 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 areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Empty Capsules Industry is expected to reach US$ 6,378.6 Million, growing at a CAGR of 8% By 2034 | Says FMI Experts

The Global Empty Capsules Industry is on track for remarkable expansion, fueled by the growing prevalence of chronic diseases and the increasing popularity of dietary supplements. According to a recent market analysis, the market is projected to reach a value of US$ 2,956.6 million in 2024 and is anticipated to climb at an impressive Compound Annual Growth Rate (CAGR) of 8% from 2024 to 2034. By 2034, the market is expected to reach a staggering US$ 6,378.6 million, signifying a significant opportunity for stakeholders within the industry.

The surge in demand for empty capsules can be attributed to the escalating frequency of chronic diseases and the increasing popularity of dietary supplements. Recognized as a swift and convenient method for drug consumption, empty capsules offer a hassle-free alternative, less prone to induce adverse effects compared to other dose forms.

Driving Factors Behind Surging Demand for Global Empty Capsule Industry

The primary drivers behind the surging demand for empty capsules are twofold. First, there is a noticeable uptick in the popularity of capsules as the preferred form of drug delivery. This shift is further accentuated by the increasing consumption of various medications. Secondly, as the global burden of chronic diseases continues to escalate, the demand for effective therapeutics is expected to surge, presenting lucrative opportunities for suppliers of empty capsules.

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A Promising Future for the Global Empty Capsules Industry

In summary, the future of the Global Empty Capsules Industry appears incredibly promising, with robust growth prospects anticipated in the years ahead. Key industry players operating in the market are well-positioned to benefit from this trend, provided they adapt to evolving consumer preferences and invest in product innovation to maintain a competitive edge.

Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.

Global Empty Capsule Industry  Key Takeaways

  • Unprecedented Growth: The global empty capsule market is projected to reach a significant value of US$ 2,956.6 million in 2024, with a compelling 8% Compound Annual Growth Rate (CAGR) expected from 2024 to 2034, ultimately reaching US$ 6,378.6 million by 2034.
  • Rising Demand Due to Chronic Diseases: The increasing prevalence of chronic diseases worldwide is a major driving force behind the surge in demand for empty capsules. These capsules offer an efficient and convenient method for drug consumption, catering to the needs of patients and healthcare providers alike.
  • Popularity of Dietary Supplements: The industry is experiencing a spike in demand, driven by the growing popularity of dietary supplements. Empty capsules are recognized as a preferred choice for the delivery of supplements, contributing to the overall growth of the market.
  • Ease of Use and Reduced Side Effects: Empty capsules provide a quick and easy means of drug consumption and are less likely to induce negative effects compared to other dose forms. This inherent advantage is further propelling the increased adoption of empty capsules in the pharmaceutical and healthcare sectors.
  • Paradigm Shift in Drug Formulation: As the market expands, there is a noticeable shift in the pharmaceutical and nutraceutical sectors towards embracing the benefits of empty capsules for drug formulation. This shift indicates a changing landscape in the way drugs are developed and delivered.
  • Strategic Implications for Stakeholders: Stakeholders in the pharmaceutical and healthcare sectors are advised to recognize and adapt to the dynamic landscape of the empty capsule market. With a projected market value of US$ 6,378.6 million by 2034, staying informed about industry trends and innovations is crucial for staying competitive.
  • Transformative Journey Ahead: The global empty capsule market is on the verge of a transformative journey, and industry players should proactively position themselves to capitalize on the opportunities presented by this substantial growth in the coming decade.

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Global Empty Capsule Industry  Competitive Landscape

The Global Empty Capsules Industry is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.

List encompassing key players operating in the Global Empty Capsules Industry

  • ACG Worldwide
  • Capsugel
  • Qualicaps Inc.
  • Bright Pharma Caps Inc.
  • Sunil Healthcare Ltd.
  • CapsCanada Corporation
  • Roxlor LLC
  • Snail Pharma Industry Co. Ltd.
  • Suheung Co. Ltd.
  • Medi-Caps Ltd

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Key Segments of Global Empty Capsules Industry Survey

Capsule Size:

  • Size “000” Empty Capsules
  • Size “00” Empty Capsules
  • Size “0” Empty Capsules
  • Size “1” Empty Capsules
  • Size “2” Empty Capsules
  • Size “3” Empty Capsules
  • Size “4” Empty Capsules
  • Size “5” Empty Capsules

Product Type:

  • Gelatin (Hard)-based Capsules
  • Vegetarian-based Capsules

Route of Administration:

  • Empty Capsules for Oral Administration
  • Empty Capsules for Inhalation

Raw Material:

  • Contract Type-A (Pork Skin) Empty Capsules
  • Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
  • Fish Bone Gelatin Empty Capsules
  • Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
  • Starch Material Empty Capsules
  • Empty Pullulan Capsules

End User:

  • Empty Capsules for Pharmaceutical Companies
  • Empty Capsules for Cosmetic & Nutraceutical Companies
  • Empty Capsules for Clinical Research Organizations (CROS)

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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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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Topical Wound Agents Market Poised for Steady Growth at 6.6% CAGR, Reaching US$ 3,520.0 Million by 2033

Topical Wound Agents Market
Topical Wound Agents Market

The global topical wound agents market is anticipated to grow at a CAGR of 6.6% over the course of the forecast period, from US$ 1,856.6 million in 2023 to about US$ 3,520.0 million in sales by 2033.

Medical medications called topical wound agents are used to treat injuries related to the skin. In order to manage both acute and chronic wounds, they are primarily formed as emulsions, creams, oils, sprays, and other formulations that contain a wide range of agents. Due to the assistance these agents offer, a large number of people are choosing to use them, which will increase demand for topical wound agents over the course of the projected period.

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Topical Wound Agents: Effective Solutions for Wound Management

Topical drugs designed particularly to treat a range of skin injuries are known as topical wound agents. These agents can treat both acute (fresh) and chronic wounds, and they are available in a variety of formulations, such as emulsions, creams, oils, and sprays. Topical wound agents are becoming increasingly popular in the healthcare industry due to their ability to effectively promote healing.

Advantages Over Traditional Treatments Fuel Market Growth

While Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) and analgesics have traditionally been used to manage pain and inflammation, topical wound agents offer a more comprehensive approach. They can address multiple wound healing challenges, including controlling inflammation, preventing infection, and reducing pain. This multifaceted functionality is a significant factor propelling the market forward.

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Key Takeaways:

  • The global topical wound agents market is projected to reach a value of US$3,520.0 million by 2033, reflecting a significant increase from US$1,856.6 million in 2023.
  • This growth is anticipated at a steady compound annual growth rate (CAGR) of 6.6% throughout the forecast period.
  • The rising demand for effective wound management solutions and the advantages of topical wound agents over traditional options are key drivers for market expansion.

Competitive Landscape:

How Strong Is the Competition in the Topical Wound Agents Industry?

To increase the sales of topical wound treatments, companies in the industry are concentrating on creating novel dosage forms.

Prominent businesses are using a range of strategies, such as product launches and mergers and acquisitions, to increase their market share.

Recent developments Observed by FMI:

  • The acquisition of SastoMed, a Danish provider of wound care, was announced by Mölnlycke, a leading medical solutions provider, in 2021.

This acquisition aimed to increase Mölnlycke’s selection of cutting-edge wound care products, particularly topical wound agents.

  • Sundance Solutions, a global leader in creating cutting-edge strategies for the prevention of pressure ulcers, was bought by Mölnlycke Healthcare in February 2016.

It was anticipated that this acquisition might increase its product portfolio for the treatment of pressure ulcers and boost market share.

  • Bausch Health introduced a topical lotion called DUOBRII, and it recently got FDA approval.

Halobetasol propionate and tazarotene are combined in this lotion, making it safe for prolonged usage.

Key Players in the Global Market:

  • Teva Pharmaceutical Industries Ltd.
  • Novartis AG
  • Pfizer Inc.
  • Johnson & Johnson
  • Mylan N.V.
  • AstraZeneca Plc.

Topical Wound Agents Market Segmentation:

By Drug Type:

  • NSAIDS
  • Antiseptics
  • Antibiotics
  • Others

By Dosage Forms:

  • Creams
  • Lotions
  • Powders
  • Emulsions
  • Gels
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies/Drugstores
  • E-commerce

By Region:

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

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

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 Wearable Medical Device Industry is expected to grow at a CAGR of 8.20%, reaching US$ 84.8 Billion By 2034| FMI

The Global Wearable Medical Device Industry is on track for a remarkable surge, according to a recent market analysis by Future Market Insights (FMI). The market, valued at US$38.58 billion in 2024, is projected to reach US$84.85 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.20% over the next decade.

This significant expansion is fueled by a paradigm shift in healthcare, driven by the rising prevalence of chronic diseases and the growing trend of sedentary lifestyles. Traditional healthcare models are being reevaluated as governments, healthcare organizations, and medical service providers prioritize early diagnosis and regular patient monitoring.

Wearable medical devices are emerging as a pivotal solution to address these challenges, offering continuous monitoring and real-time data collection. This trend is further accelerated by the active encouragement of routine diagnosis by regional and national healthcare agencies through awareness programs and various campaigns. These initiatives are fostering heightened awareness among the masses regarding the benefits of wearable medical devices for monitoring and diagnosing vital signs.

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Key Takeaways from the Global Wearable Medical Device Industry Report

  • The wearable medical device market achieved a market size of US$ 36,604.3 million in 2023. During the historical period, the market registered a CAGR of 7%.
  • By product, the wearable therapeutic medical device segment is estimated to acquire a value share of 55% in 2024.
  • Based on the application, the home healthcare segment is anticipated to obtain a market share of 63% in 2024.
  • The wearable medical device industry in the United States is expected to expand at a CAGR of 5% through 2034.
  • The wearable medical device market in France is projected to register a CAGR of 8% from 2024 to 2034.
  • The wearable medical device market in India is estimated to record a staggering CAGR of 40% over the forecast period.
  • The market in Singapore is projected to grow at a CAGR of 10% through 2034.

“Continuous advancements and release of upgraded wearable medical devices by leading players are expected to be a go-to-market strategy of leading players. Additionally, players are expected to explore the potential of wearable medical devices in various new segments,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape in the Global Wearable Medical Device Industry

Market players are developing advanced wearables and exploring new application cases for wearable medical devices, which is contributing to market growth. The industry participants are acquiring firms with complementary technologies and collaborating with other healthcare institutions, technology providers, and pharmaceutical firms to expand their distribution channels, leverage expertise, and develop integrated solutions.

Players are further emphasizing privacy and data security and prioritizing user-friendly designs to boost user adoption and compliance. Industry participants are getting involved in targeted marketing campaigns toward certain healthcare professionals and patient segments to elevate brand recognition and drive device adoption.

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Recent Developments in the Global Wearable Medical Device Industry

  • In July 2023, Dexcom, a developer of constant glucose monitors, revealed that it is making a Type 2 diabetes monitor for patients who don’t require insulin. The company also offers a cash-pay choice for patients not secured by health insurers and Medicare.
  • In July 2023, Samsung announced that it is gearing up to launch ‘Galaxy Ring’ equipped with smart health features in 2024. For the success of its recent wearable endeavor, the Korean tech giant is collaborating with international as well as domestic component manufacturers.

Manufacturers of the Global Wearable Medical Device Industry

  • Medtronic plc
  • Siemens AG
  • Fitbit Inc.
  • Bayer AG
  • Panasonic Corporation
  • Animas Corporation – Johnson and Johnson
  • Smiths Medical – A Smiths Group Company
  • Koninklijke Philips N.V.
  • Owlet Baby Care
  • OMRON Corporation
  • Hoffmann-La Roche Ltd
  • Rest Devices Inc.
  • Others

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Global Wearable Medical Device Industry Segmentation

By Product:

  • Wearable Monitoring and Diagnostic Devices
  • Fetal and Obstetric Devices
    • Wearable Foetal Monitors
    • Infant Motion Sensing Monitors
  • Continuous Glucose Monitoring Devices
  • Cardiac Monitoring Devices
    • Wearable Heart Rate Monitors
    • Wearable Pulse Oximeters
    • Wearable Blood Pressure Monitors
  • Wearable Therapeutic Medical Device
  • Hearing Aid
  • Insulin Pump
  • Respiratory Therapy Devices
  • Health and Fitness Devices

By Application:

By Distribution Channel:

  • Hospital Pharmacies
  • Clinics
  • Online Channels
  • Hypermarkets

By Region:

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

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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Manufacturers Develop Compact Design, Sustainable, and Mailer Boxes to Reduce Carbon Footprints. Know More with FMI

Mailer Boxes Market
Mailer Boxes Market

The global mailer boxes market is anticipated to capture a valuation of US$ 3.85 billion in 2023 and reach US$ 7.57 billion by 2033. The global market is estimated to register a CAGR of 7.0% during the forecast period.

Mailer Boxes are Effective Packaging Solutions that Enhance Consumer’s Experiences

These boxes protect goods and products during shipping transportation and improve consumers’ experiences through various aspects, including:

  • Protection:Mailer boxes ensure excellent safety of products due to their high-quality, sturdy materials, including paperboard. These boxes reduce damages, safely reach consumers’ doorsteps, and manage goods during transportation
  • Unboxing Experience: Consumers experience the unboxing experiences with packaging brand products with flexible packaging solutions with mailer boxes. These boxes are customized with designs, prints, logos, and colors to identify brands to excite consumers during unboxing. It puts a positive impression on consumers.

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  • Hassle-free Opening:Mailer boxes are easy to open without any hassle. They do not require any scissors and tools to open. The consumer feels unboxing experiences without ensuring frustration.
  • Personalization:Various brand companies offer a personalized touch to improve their packaging style by adopting mailer boxes. They added customized cards to thank their consumers, offering small samples and gifts to attract them to repurchase their products. This connectivity between buyers and sellers is appreciable and builds consumer trust.
  • Sustainability: The rising environmental impacts, pollution, and carbon emissions are growing awareness of its solutions. Several consumers are focused on eco-friendly, bio-degradable, and recycled products that reduce environmental issues and enhance better experiences.
  • Compact Design:Manufacturers are designing compact design packaging boxes that fit product size and limit excess space. This innovation helps to reduce shipping costs and organize products easily.
  • Functional Design: Manufacturers design mailer boxes with functionality such as fold-out sections and compartments with additional security. These features contribute to better packaging experiences among consumers.
  • Shareability: Mailer boxes are more visual and better designed than those shared on online platforms such as social media to attract consumers and boost sales. It helps to promote new brands and reach relevant customers.

These are some compelling reasons that contribute to better consumer experiences to protect items during shipping.

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Key Takeaways:

  • The global mailer boxes market is estimated to capture a valuation of US$ 7.57 billion with a CAGR of 7.0% by 2033.
  • In the historical period, the global market secured a CAGR of 4.6% in 2022.
  • China is anticipated to dominate the global market by registering a maximum share by 2033.

Key Players Develop Innovative Products to Drive the Global Market

New market entrances and prominent players consolidate the global market. These essential players are trying to develop advanced and innovative products by investing in research and development activities. Key players provide affordable, cost-effective, sustainable packaging solutions with integrated intelligent technologies. Key players are advancing the market by adopting various marketing methodologies such as mergers, acquisitions, collaborations, and agreements.

Recent Developments in the Global Market

In 2022, Smurfit Kappa Group announced its newly launched packaging solution with water-resistance technology.

Mailer Boxes Market by Segmentation

By Product Type:

  • C Flute
  • B Flute
  • E Flute
  • F Flute
  • Others (N Flute, A Flute)

By Wall Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By End Use:

  • Commercial
  • Institutional
  • Household

By Region:

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

About Future Market Insights Inc. (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The Anti-money Laundering (AML) Market is Projected to Reach a Valuation of US$ 16.37 billion by 2033 | Future Market Insights, Inc.

The market for anti-money laundering (AML) is anticipated to reach US$ 16.37 billion by 2033, from a predicted US$ 3.18 billion in 2023. Throughout the projection period, anti-money laundering (AML) sales are anticipated to grow at a notable CAGR of 17.8%.

Main drivers of the business include the rise in sophisticated cyberattacks and money laundering cases worldwide. Cybercriminals use business design flaws as a means of launching ransomware and fraud attacks, which are effectively thwarted by AML software-enabled systems.

The expansion of the anti-money laundering market is also being driven by the advent of security solutions integrated with the Internet of Things (IoT), machine learning (ML), big data analytic tools, and cloud-based solutions. In order to track financial data and forecast risks and uncertainties, organizations are implementing cutting-edge technology with increased compliance capabilities.

The introduction of Know Your Customer (KYC) technology is another factor promoting industry expansion. KYC is the process of verifying users’ identities, limiting unauthorized access, and averting financial losses brought on by shady dealings.

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Significant advancements in the information technology (IT) sector and other reasons, such as the adoption of supportive governmental policies for routinely monitoring and managing criminal activity, are also anticipated to fuel market growth.

Key Takeaways from Market Study

  • Due to increasing penetration across numerous industries, it is predicted that the transaction monitoring solution category is estimated to increase at a CAGR of more than 10% throughout the analysis period.
  • Professional services represented a sizeable market share of over 60% in the service category in 2020, and it is anticipated that they are estimated to grow steadily throughout the projection period. Segmental growth is projected to be aided by the rising need for deployment, consultancy, integration, and maintenance services.
  • Due to the increasing use of Platform-as-a-Service (PaaS) or Software-as-a-Service, the managed services segment is expected to have positive growth by 2027, registering a CAGR of more than 15% throughout the assessment period.
  • Due to the expanding e-commerce industry, the Latin American anti-money laundering market is predicted to expand at a CAGR of about 15% throughout the study.
  • In 2020, the Middle East & Africa market accounted for over 5% of total revenue and is anticipated to expand gradually during the ensuing years. In the upcoming years, it is anticipated that the region’s growing use of big data analytics may accelerate market adoption.

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Manufacturers are Focusing on Acquisition Techniques

The leading anti-money laundering software providers are concentrating on employing merger and acquisition techniques to increase their global reach. Aside from that, key firms are spending money on software to use AI and machine learning technologies for growth and improving operational efficiency. To increase their market share, the companies are looking to buy small, regional businesses. For example,

  • In August 2022, Ondato and Hawk AI, a platform for the detection and investigation of money laundering, teamed to deliver an integrated KYC validation process, transaction monitoring for AML, and behavioral analytics suite.
  • March 2022 – A cooperation between BAE Systems Digital Intelligence and the University of Nottingham Malaysia is likely to look into how unsupervised machine learning may be used to identify previously unidentified danger, sometimes known as ‘missing risk,’ in the context of financial crime. The team may initially concentrate on three use cases: identifying shell firms, assessing the risk associated with cryptocurrencies, and detecting human trafficking.
  • Bangkok Bank Limited (BBL) has implemented a solution as a part of an anti-money laundering (AML) compliance program created with SAS and utilizing SAS Anti-Money Laundering as of November 2021. The 300 branches of Bangkok Bank Limited (BBL) are integrated and the AML processes are consolidated using this solution.

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Given Below are the Anti-Money Laundering (AML) Market Segments

By Solution:

  • Customer Identity Management
  • Compliance Management
  • Currency Transaction Reporting
  • Transaction Monitoring

By Service:

  • Professional Service
  • Managed Service

By Deployment Model:

  • On-premise
  • Cloud

By Organization Size:

  • Large Enterprises
  • SMEs

By Application:

  • BFSI
  • IT & Telecom
  • Government & Public Sector
  • Healthcare
  • Retail
  • Transportation & Logistics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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