Electric Motor Market Sets Sights on US$ 252.6 Billion Valuation by 2033 with a Strong 6.64% CAGR, According to FMI Analysis

The electric motor market is poised for striking expansion, with an average Compound Annual Growth Rate (CAGR) of 6.64% projected from 2023 to 2033. By the year 2033, this dynamic sector is anticipated to achieve a noteworthy valuation of around US$ 252.6 billion.

What distinguishes this market is its transformative trajectory. In 2023, the global electric motor market is estimated to reach US$ 132.8 billion, showcasing substantial progress from its 2022 value of US$ 131.4 billion. This surge can be attributed to various factors, with a primary catalyst being the substantial increase in government incentives aimed at fostering the widespread adoption of environmentally sustainable vehicles.

Request Your Complimentary Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-2404

High efficiency and the rise in demand for machine control in the automotive sector, have led to the expansion in the electric motor market. Energy-efficient motors have led to the development as it achieves maximum motor output.

The global electric motors market growth has been raised due to the adoption of efficient motors for appliances. Electric motors are considered to be in high demand for HVAC (heating, ventilation, and air conditioning) applications due to their low noise and torque.

Key Takeaways:

  • Sales of global electric motors market expanded at a CAGR of 5.43% from 2018 to 2022.
  • The North American market for global electric motor market is likely to have a market share of 28.6%.
  • The Unites States market for global electric motor market is likely to expand at a share of 17.8%.
  • AC motors are expected to generate maximum demand for the global electric motor market.
  • Electric motor market is growing at a CAGR of 3.6%.
  • 1HP Power Output is Said to Hold a Dominant Share.
  • <1HP is the leading category and it is expected to account for 26% of the value share of the electric motor market.
  • Industrial sector is Said to Hold a Lucrative Portion of the Market.

“The electric motor market is witnessing significant growth driven by the increasing adoption of electric vehicles, industrial automation, and renewable energy initiatives. The study reveals a promising trajectory for the market, with advancements in motor technology and a growing emphasis on energy efficiency playing pivotal roles in shaping its future. The research findings suggest that the electric motor market is poised for substantial expansion in the coming years.” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Competitive Landscape:

Some of the prominent players in the global market are-

  • Competition Deep Dive
  • Robert Bosch GmbH
  • Hitachi, Ltd.
  • Nidec Corporation
  • WEG S.A.
  • Siemens AG
  • ABB Group
  • Regal Beloit Corporation
  • Toshiba Corporation
  • Johnson Electric
  • Hyosung Corporation
  • Schneider Electric SE
  • Bonfiglioli Riduttori S.p.A.
  • Kirloskar Electric Company Ltd.
  • Allied Motion Technologies Inc.
  • East West Manufacturing, LLC
  • Hyundai Electric Co. Ltd.

Some of the important developments of the key players in the market are:

  • In January 2023, Hitachi, Ltd. announced that it had been bolstering the global development of its line-building business leveraging industrial robots (“the robotic SI*1 business”) and will merge Hitachi Automation, Ltd. (“Hitachi Automation”) and Kyoto Robotics Corporation (“Kyoto Robotics”), Hitachi Group companies in Hitachi’s Industrial Digital Business Unit, on April 1, 2023, to strengthen the robotic SI business in Japan and ASEAN countries.
  • In March 2023, ABB Group, focused on electrification and robotics, wants to invest $40 million through a new 90,000-square-foot manufacturing facility in west Albuquerque as the facility will be used to increase ABB’s production of cable products and will include robotics and digital automation technology, according to a Thursday news release from the company.

Access Exclusive Content – Purchase The Premium Report Now! https://www.futuremarketinsights.com/checkout/2404

Key Segments Covered:

Power Output:

  • <1 HP
  • 1-5 HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100 HP
  • 100 – 300 HP
  • 300 – 500 HP
  • Above 500 HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric Vehicles
    • Railways
    • Boats
  • Others

Region:

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

Customize Your Data – Request Your Tailored Report Now! https://www.futuremarketinsights.com/customization-available/rep-gb-2404

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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
LinkedIn| Twitter| Blogs | YouTube

Global Central Lab Industry is expected to grow at a phenomenal 5.8% rate and reach a benchmark of US$ 4.5 Billion by 2033 | FMI

The Global Central Lab Industry had a healthy size in 2022, with an estimated US$ 2,422.7 million. The central lab sector is expected to increase at a large compound annual growth rate (CAGR) of 5.8% from 2023 to 2033, indicating an attractive trend. This encouraging expansion suggests that the market value might rise to US$ 4,473.5 million by 2033, a considerable increase above the US$ 2,543.9 million threshold in 2023.

It is impossible to exaggerate the importance of central laboratories in accelerating pharmaceutical breakthroughs. These laboratories let pharmaceutical companies get new drugs to market faster by cutting out steps that aren’t essential. Furthermore, central labs are essential for providing genetic testing services for a wide range of illnesses, such as Parkinson’s, Alzheimer’s, and sickle cell anemia. The extensive services provided in central labs further aid in conducting clinical trials for new medications, contributing to the overall advancement of healthcare.

The evolution of the central lab industry is expected to receive a substantial boost over the projected period due to the increasing number of clinical trials. The prevalence of genetic illnesses has set a significant trend, leading to a surge in demand for private layers involved in the central lab sector.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-9067

In recent years, pharmaceutical and biopharmaceutical firms have entirely outsourced their research and development activities to central labs operated by private players. Besides lowering expenses for pharmaceutical and biotechnology businesses, central labs guarantee that findings are supplied more quickly and accurately.

Key Takeaways from the Global Central Lab Industry Study Report by FMI

  • The United States is the leading region, with almost 51% share of the total demand for central lab services generated worldwide in 2022.
  • Germany is the leading country in Europe that garnered almost 25% share of the total demand for central lab services in Europe in 2022.
  • The demand for central labs in the United Kingdom is poised to register a higher CAGR of 5.1% in Europe from 2023 to 2033.
  • China is the leading market in Asia, with a projected CAGR of 7.6% for its clinical central laboratory market from 2023 to 2033.
  • India is likely to follow China in demand for clinical trials with an annual growth rate of 6% during the forecast years.

“Central labs are increasingly adopting cutting-edge technical solutions, which is helping the overall market to expand and is projected to continue. Correspondingly, the majority of central laboratories have fully automated their procedures, allowing them to save money and time,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape for the Global Central Lab Industry Players

The overall market is fairly consolidated, as only some players successfully create a value chain by creating central labs at different locations. However, escalating government support in emerging economies following the pandemic is expected to encourage many new players to enter the market, intensifying competition.

Global Central Lab Industry Key Companies Profiled

  • Covance (Labcorp)
  • Eurofins Global Central Library
  • PPD Central Lab
  • ICON Central Labs
  • Medpace Reference Laboratory
  • Q² Solutions
  • ACM Global Laboratories
  • Labconnect Inc.
  • Cerba Research
  • Medicover Integrated Clinical Services
  • Versiti Inc.
  • A.P. Møller Holding A/S
  • Ampersand Capital Partners
  • Lambda Therapeutics Research Ltd
  • Cirion Biopharma Research Inc.

Recent Developments by the Global Central Lab Service Providers

  • LabConnect Incorporate announced the expansion of its facilities in Johnson City in September 2020 to increase the production of clinical trial kits. This expansion has been planned to support the company’s rapid growth in the fields of immuno-oncology research and cell and gene therapy. The corporation is also expanding the storage capacity of its biorepository for specimens by moving its headquarters to Tennessee.
  • Labcorp or Covance Inc., a preeminent global life sciences company, declared that it was expanding its CB trial laboratory in June 2022. Its central laboratory is shared by a top Japanese provider of clinical laboratory testing services named BML. The company decided to expand existing laboratory capabilities in Japan to strengthen its central laboratory presence and drug development.

Click Here To Buy Full Report! https://www.futuremarketinsights.com/checkout/9067

Key Segments Profiled in the Global Central Lab Industry Survey

By Service Type:

  • Genetic Services
  • Biomarker Services
  • Microbiology Services
  • Special Chemistry Services
  • Other Service Types

By End User:

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic and Research Institutes

By Region:

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

Author by:

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
LinkedIn| Twitter| Blogs | YouTube

Painting Robots Market Gears Up for Extraordinary Growth, Aiming for US$ 11 Billion Valuation by 2033, Riding a Strong 9.3% CAGR

The painting robots market, with a notable valuation of US$ 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of US$ 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%.

A significant driver behind this market surge is the heightened emphasis on worker safety and well-being. Painting robots play a crucial role in achieving this objective by efficiently managing repetitive and potentially hazardous tasks. These automated systems are instrumental in mitigating the risk of worker exposure to harmful fumes, dangerous chemicals, and physical strain. Their substantial contribution not only enhances workplace safety but also enables companies to meticulously comply with stringent occupational health and safety regulations.

Click Here To Get Your Free Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-7128

Key Takeaways:

  • The painting robots market in Europe will generate an incremental opportunity of US$ 983 Million.
  • The U.S.A’s painting robots market will create a growth opportunity of US$ 334 Million during the forecast period.
  • The painting robots market in Germany will expand at a CAGR of 12.7% during 2021-2031.
  • By type, robotic arms will hold 60% of the global painting robots sales.
  • On the basis of payload, the upto 5 kg segment will generate a growth opportunity of US$ 1.93 Billion.

Competitive Landscape:

FANUC Corporation, ABB Ltd, KUKA AG, Yasakawa Global, Kawasaki Heavy Industries, Ltd., DÜRR Group, and Staübli International AG among others are some of the major players in the painting robots market profiled in the full version of the report.

In a highly consolidated market, key market participants are focusing on entering new markets to expand their geographical footprints. These businesses are keen on working closely with OEMs, establishing new and advanced facilities, and engaging in strategic partnerships and collaborations.

More Insights into Painting Robots Market Report:

In its latest report, FMI offers an unbiased analysis of the global painting robots market, providing historical data from 2016 to 2020 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (pedestal robots, robotic arms), payload (upto 5 Kg, upto 15 Kg, upto 45 Kg), function (painting (waterborne, solventborne, UV cured), painting, spraying & coating), reach (upto 1,000 mm, upto 1,500 mm, upto 2,000 mm, upto 2,500 mm, upto 3,000 mm), configuration (6 axis, 7 axis), application (atomizer, air gun), end use (transportation (automotive, railways, 2 & 3 wheelers, aerospace), consumer appliances, foundry & casting, furniture, textiles, construction, heavy engineering equipment, HVAC & refrigeration, sanitaryware, others), and region.

According to the latest FMI reports, based on segmentation, the transportation segment will likely contribute significantly to the overall growth of the target market. This segment is expected to generate an absolute dollar opportunity of US$ 2 Bn during 2021-2031. In terms of application, the atomizer segment will dominate the global marketplace with an incremental opportunity of US$ 2.43 Bn while the 7 axis configuration segment will create a growth opportunity of US$ 2.8 Bn during the projected period.

Based on region, the painting robots market in the United States will present considerable growth during 2021-2031. Generating an absolute dollar opportunity of US$ 334 Mn during this period, the target market in this country will be driven by strong presence of OEMs and higher demand for the target product in industrial verticals like construction and transportation. Apart from the U.S., countries like Germany and China are anticipated to exhibit remarkable growth in the painting robots market during the forecast period.

Don’t Wait – Buy Your Premium Report Now! https://www.futuremarketinsights.com/checkout/7128

Key Market Segments Covered:

By Type:

  • Pedestal Robots
  • Robotic Arms

By Payload:

  • Upto 5 Kg
  • Upto 15 Kg
  • Upto 45 Kg

By Function:

  • Painting
    • Waterborne
    • Solventborne
    • UV Cured
  • Painting, Spraying & Coating

By Reach:

  • Upto 1,000 mm
  • Upto 1,500 mm
  • Upto 2,000 mm
  • Upto 2,500 mm
  • Upto 3,000 mm

By Configuration:

  • 6 Axis
  • 7 Axis

By Application:

  • Atomizer
  • Air Gun

By End Use Sector:

  • Transportation
    • Automotive
    • Railways
    • 2 & 3 Wheelers
    • Aerospace
  • Consumer Appliances
  • Foundry & casting
  • Furniture
  • Textiles
  • Construction
  • Heavy Engineering Equipment
  • HVAC & Refrigeration
  • Sanitaryware
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

Drive Your Decisions With Custom Insights – Request Now! https://www.futuremarketinsights.com/customization-available/rep-gb-7128

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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
LinkedIn| Twitter| Blogs | YouTube

Global Wet Wipes Industry is expected to grow at a 7.8% annual rate and be valued at US$9.22 Billion by 2033 | According to FMI

The Global Wet Wipes Industry showed great promise in 2023, bringing in an astounding US$ 4.3 billion in sales. Forecasts for the ensuing ten years show an extraordinary development trajectory; industry analysts predict a stunning rise to US$ 9.22 billion by 2033, with a phenomenal compound annual growth rate (CAGR) of 7.8%.

There are several factors contributing to this exponential rise, but the main one is the increased awareness of good hygiene habits across the world. Installing comprehensive healthcare programs across national boundaries drives the need for the Global Wet Wipes Industry and establishes it as a key factor in maintaining and advancing healthy living habits.

Wet wipes and wet towels have emerged as indispensable personal hygiene products, owing to their convenience and widespread availability. Recognizing the escalating demand, manufacturers are responding dynamically by introducing an extensive array of products. From baby wipes to makeup wipes, disinfectant wipes to wound care wipes, the industry is diversifying its offerings to cater to diverse consumer needs.

Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-13751

Market competitors are introducing eco-friendly and biodegradable Wet Wipes produced from wood pulp and cotton as an alternative to synthetic fibers, which is driving wet wipe sales.

The rising prevalence of health-related illnesses in the elderly, such as incontinence-associated dermatitis (IAD) and catheter-associated urinary tract infection (CAUTI), is driving up demand for Wet Wipes, particularly in hospitals.

Wet Wipes are expected to gain traction over the forecast period because they efficiently serve the objective of maintaining hygiene standards and removing germs, dirt, and dust build-up on the skin and other physical surfaces.

In addition, the rise of local and small players, creative product development, clever marketing strategies implemented by top manufacturers, and commercialization of Wet Wipes are increasing the Global Wet Wipes Industry’s growth prospects.

The FMI study projects the US to lead the North American Wet Wipes market. Rapid expansion of distribution channels, coupled with increasing per capita healthcare expenditure are anticipated to bode well for the Wet Wipes market in the U.S.

“Expansion of the e-commerce sector is resulting in easy availability and increasing sales of Wet Wipes across the globe. In addition to this, government-backed healthcare reimbursement plans will continue driving sales of Wet Wipes over the forecast period,” says the FMI analyst.

Global Wet Wipes Industry Key Takeaways:

  • Incontinence wipes are expected to account for roughly 27% of the Global Wet Wipes Industry share during the forecast period.
  • The hospital segment is expected to increase at a 6% CAGR through 2031 in terms of end users.
  • It is estimated that the United States accounts for more than 80% of the North American Wet Wipes market.
  • Germany will dominate the European Wet Wipes industry in 2021, accounting for 23% of the market.
  • China is expected to emerge as a profitable market, accounting for 40% of the East Asian Wet Wipes market share.
  • The Japanese Wet Wipes market is expected to develop at a 9.3% CAGR through 2031, while the South Korean Wet Wipes market is expected to rise at a robust 10% CAGR.

Ask an Expert Now
https://www.futuremarketinsights.com/ask-question/rep-gb-13751

Prominent Drivers:

  • Collaborations among key market players to launch innovative products will provide tailwinds to Wet Wipes sales during the assessment period.

Restraints:

  • The availability of cheaper alternatives such as soaps, cleansing milk, and face washes might hamper sales of Wet Wipes.
  • Chances of allergic reactions and irritability on the skin might result in decreased sales of Wet Wipes.

Competitive Landscape in the Global Wet Wipes Industry

Leading players operating in the Global Wet Wipes Industry are aiming to expand their global footprint through strategic collaborations, mergers, and acquisitions. In addition to this, launching innovative products, research, and development and strengthening distribution channels will remain key growth strategies among players. For instance:

  • Medline partnered with Intelligent Observation (IO) in January 2021 to help healthcare professionals manage healthcare-associated infection rates.
  • Essity announced the acquisition of ABIGO Medical, a wound care company, and Asaleo Care, an Australian hygiene company, in July 2021.

Leading players operating in the Global Wet Wipes Industry profiled by FMI include:

  • Essity Aktiebolag (publ)
  • Kimberly-Clark
  • Procter & Gamble
  • Cardinal Health
  • Medtronic
  • Stryker
  • Coloplast
  • Others

Click Here To Buy Your Detailed Report
https://www.futuremarketinsights.com/checkout/13751

More Insights on FMI’s Global Wet Wipes Industry

The latest market study on the Wet Wipes market by Future Market Insights gives a detailed segmentation for the forecast period of 2021 to 2031. To gain a better perspective of the Global Wet Wipes Industry potential, its growth, trends, and opportunities, the market is segmented based on:

Product:

  • Incontinence wipes
    • Baby Wipes
    • Adult Wipes
  • Skin Antiseptic Wipes
  • Feminine Hygiene Wipes
  • Skin Care Wet Wipes
  • Sterile Wound Cleansing Wipes

Disposability:

  • Flushable Wipes
  • Non-Flushable Wipes

Application:

  • Incontinence
  • Skincare
  • Personal Hygiene
  • Wound Care

End-User:

  • Hospitals
  • Clinics
  • Specialty Centres
  • Long-term care Centres
  • Homecare Settings

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
LinkedIn| Twitter| Blogs | YouTube

Drum Pump Market Growth: Anticipated 6.3% CAGR and a Projected US$ 927.8 Million by 2033

Future Market Insights (FMI), a distinguished provider of market intelligence and consulting services certified by ESCOMAR, unveils a comprehensive analysis of the global drum pump market. Valued at an anticipated US$ 503.7 million in 2023, the market is poised to witness significant expansion driven by the adoption of cutting-edge technology for efficient fluid delivery. The market is expected to maintain a robust growth trajectory, with demand for drum pumps projected to achieve a Compounded Annual Growth Rate (CAGR) of 6.3% between 2023 and 2033, culminating in a valuation of approximately US$ 927.8 million by 2033.

Empowering Fluid Transfer: The Essence of Drum Pumps

Drum pumps, hailed for their portability and efficiency, play a pivotal role in securely transferring low-viscosity fluids between containers. These pumps alleviate the challenges of maneuvering heavy barrels by fitting onto the upper openings of containers, thereby ensuring the smooth passage of liquids. Available in diverse materials, models, and tube lengths to accommodate various liquids, electric drum pumps can be harnessed using a common motor.

Explore Market Potential with Our In-Depth Market Overview – Request a Sample Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-5312

Driving Factors and Potential Restraints

A multitude of factors is set to propel the drum pump market’s expansion. The increasing demand across industries such as oil, chemical, milk, and lubricants, among others, is a significant growth catalyst. These sectors favor drum pumps for efficient liquid distribution from large containers, optimizing shipping and transportation costs. The drum pump’s ability to facilitate rapid and spill-free liquid transfers further contributes to market growth.

However, challenges exist. The narrow input hose diameter of most drum pumps, typically 50 mm, poses limitations for handling slurry and solid viscous materials, which might be addressed as an industry challenge during the forecast period.

Regional Insights: North America Takes the Lead

The North American region emerges as a promising market for drum pumps, owing to their adoption by manufacturers seeking cost-effective and efficient dispensing solutions for a wide array of liquids. In 2023, Future Market Insights predicts that North America will contribute a substantial 14% to the global drum pump revenue.

The dominance of North America in the drum pump market is attributed to significant investments by major corporations in the region, coupled with a well-established chemical sector. Established market players such as Grundfos, Flowserve Corporation, and others are playing a pivotal role in fueling the region’s market growth.

Navigating Competitive Terrain

Prominent players like NZ Pump Co. are at the forefront of the drum pump market, producing world-class hand-operated pumps recognized for their excellence. Ezi-action® Drumpumps, acknowledged globally as the finest manual drum pumps for chemicals and liquids, underscore the commitment to quality and innovation.

While established market players continue to drive excellence, a wave of global startups in the drum pump domain is on the rise, tailoring solutions to match the evolving needs of the industry.

Key Players in the Global Market

  • Fluidyne Instruments Pvt. Ltd.
  • FLUX
  • Kecol Pumping Systems Ltd.
  • Iwaki Pumps Australia Pty. Ltd.
  • JESSBERGER GmbH
  • Finish Thompson Inc.
  • NZ Pump Company Inc.
  • Graco

For Expert Guidance in Purchasing this Report, Contact our Sales Representatives https://www.futuremarketinsights.com/checkout/5312

Key Segments Covered in the Drum Pump Industry Analysis

Drum Pump Market by Product Type:

  • Electric Driven Drum Pumps
  • Hydraulic Drum Pumps
  • Rotary / Manual Drum Pumps
  • Pneumatic Drum Pumps
  • Other Drum Pump Types

Drum Pump Market by Material Type:

  • Plastic Drum Pumps
    • Chlorinated Polyvinyl Chloride (CPC)
    • Polypropylene (PP)
    • Polyvinylidene Fluoride (PVDF)
    • Others
  • Metal Drum Pumps
    • Stainless Steel
    • Cast Iron
    • Aluminium
    • Others

Drum Pump Market by Application:

  • Drum Pumps for the Petroleum Industry
  • Drum Pumps for Chemical Plants
  • Drum Pumps for Food Processing Plants
  • Drum Pumps for Manufacturing Plants
  • Drum Pumps for Automotive Industry
  • Drum Pumps for Wastewater Treatment
  • Drum Pumps for Laboratories

Drum Pump Market by Region:

  • North America Drum Pump Market
  • Latin America Drum Pump Market
  • Europe Drum Pump Market
  • Asia Pacific Drum Pump Market
  • The Middle East & Africa Drum Pump Market

About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Water Turbine Market: Forecasts Suggest a 4.7% CAGR with a Projected Value of US$ 3.8 Billion by 2032

The Water Turbine Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Water Turbine market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Water Turbine. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global Water Turbine Market is currently undergoing a notable transformation driven by the escalating adoption of renewable energy alternatives, specifically solar, water, and wind power. The increasing demand for water turbines can be attributed to their crucial role in electricity generation, wherein they effectively convert the kinetic energy of water into mechanical energy. This surge in demand is fueled by a growing awareness of sustainable energy solutions and the imperative to reduce carbon emissions.

Projections indicate a robust expansion in the Water Turbine Market, with estimates pegging its value at US$ 2.4 billion in 2022. Furthermore, a substantial surge is anticipated, reaching US$ 3.8 billion by 2032, reflecting a projected Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032.

Evidently, industries worldwide are increasingly transitioning towards renewable energy sources, notably solar, water, and wind power. This shift has resulted in a significant uptick in the demand for water turbines, positioning them as pivotal players in electricity generation through the efficient harnessing of kinetic energy. Given the anticipated trajectory of the water turbine market, these developments are expected to significantly bolster market presence throughout the forecast period.

Explore a Wealth of Wisdom: Request Our Sample Insights to Enhance Your Understanding of Market Forces, Equip Yourself with Trend Data, and Elevate Your Decision-Making Expertise. https://www.futuremarketinsights.com/reports/sample/rep-gb-4946

In response to the escalating global energy demands and the increasing pressure on fossil fuels, there has been a noticeable shift towards the adoption of renewable energy sources. Industries on a global scale are increasingly turning to renewable sources, including solar, water, and wind energy. Water turbines, in particular, play a crucial role in this transition by converting kinetic energy into mechanical energy for electricity generation.

Water turbines offer a sustainable solution with a reduced environmental impact, making them a viable renewable energy option. Their applications range from household power generation to various industrial uses. With the anticipated surge in power demand due to robust economic growth and projected improvements in living standards, developing countries are expected to experience a substantial increase in energy requirements.

As a result, industries are actively embracing renewable energy sources to meet this growing demand for power while considering the limitations posed by non-renewable energy sources. This trend is fostering a conducive growth environment for the water turbine market.

It is noteworthy that different types of water turbines, such as Pelton turbines designed for high head, low flow power plants, and cross-flow turbines suitable for high-flow applications, are specifically tailored to optimize efficiency during power generation, taking into account unique flow conditions.

Recent Development in the Water Turbine Market is:

  • The new Nachtigal hydropower plant in Cameroon will receive seven 60MW Francis turbines from GE Renewable Energy in February 2019. The consortium headed by GE Renewable Energy will conduct the $87 million contract with Elecnor.
  • Ethiopian Electric Power awarded GE Hydro France a multimillion-dollar contract in January 2019 to produce and test turbine generators for five power generating units. For the production of the hydro turbine, GE Hydro France will receive a staggering €53.9 million.
  • GE Power and Navayuga Engineering Company Ltd. entered into a contract in January 2018 for the design, manufacture, supply, erection, testing, and commissioning of 12 units of 80MW vertical Kaplan turbine generators. The contract is estimated to be worth Rs. 818.3 crores.

Who are Some of the Key Competitors in the Water Turbine Market?

Some prominent key market participants in the water turbine market are GENERAL ELECTRIC, Wärtsilä, Alterra Power Corporation, Energy Development Corporation, Nautilus LLC, Canyon Industries, Inc., The James Leffel & Co, Toshiba India Pvt. Ltd., Ram Power Corporation, Enel Spa, Sumitomo Corporation, Gilbert Gilkes & Gordon Ltd., and Calpine Corporation.

The key water turbine market player is using a set of methodology to enlarge the water turbine market size. The above key industries are playing a prominent character to function their responsibility to acquire the lion’s water turbine market share while increasing sales of water turbines during the forecast period.

Therefore, they adopt mergers, acquisitions, partnerships, product launches, and other techniques to increase water turbine market demand analysis in the coming years.

Embark on a Journey of Discovery: Seize the Opportunity to Buy Now and Gain Immediate Access to Our Profoundly Insightful Overarching Report, Unveiling a Precision Redefined: Click Here to Buy Now and Unlock Our Comprehensive Report, Merging In-Depth Analysis, Future Projections, and Tactical Insights for Unrivaled Strategy
https://www.futuremarketinsights.com/checkout/4946

Key Segments:

By Design:

  • Impulse Turbine
  • Pelton Wheel
  • Turgo
  • Water Wheel
  • Jonval Turbine
  • Archimedes Screw
  • Reaction Turbine
  • Francis Turbine
  • Kaplan Turbine
  • Tyson Turbine
  • Gorglow Turbine

By Application:

  • Power Generation
  • Power Storage
  • Marine
  • Aeronautics

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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.

Contact Us:

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

Global Advanced Wound Management Industry is expected to grow at a 3.6% CAGR and reach a staggering US$11.5 Billion By 2033 | FMI

The Global Advanced Wound Management Industry, which is expected to reach a stunning market value of US$8.1 billion by 2023 and maybe soar to US$11.5 billion by 2033, is poised for strong and steady growth, according to a ground-breaking discovery. These results, which are supported by an impressive Compound Annual Growth Rate (CAGR) of 3.6%, demonstrate the industry’s adaptability and resiliency in the face of difficulties.

The COVID-19 pandemic’s unusual effects, which caused a brief drop in sales, posed unanticipated hurdles for the advanced wound treatment industry in 2020. But the sector proved resilient as the world community came together to support increased R&D efforts centred on cutting-edge wound care techniques. This coordinated effort has made it possible for a remarkable recovery, positioning the industry for a gradual and sustained upswing in the demand for advanced wound management products throughout the assessment period.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-8422

Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Global Advanced Wound Management Industry Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Methodology Details Just a Click Away!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-8422

Global Advanced Wound Management Industry Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

Global Advanced Wound Management Industry by Category

By Product Type: 

  • Advanced wound dressings
    • Alginates
    • Collagens
    • Films
    • Foams
    • Hydrocolloids
    • Hydrofibers
    • Hydrogels
  • Wound contact layers
  • Superabsorbent dressings
  • Negative pressure wound therapy devices
    • Standalone NPWT devices
    • Portable NPWT devices
    • Single-use disposable NPWT devices
    • NPWT accessories

Access Exclusive Market Insights – Purchase Now!
https://www.futuremarketinsights.com/checkout/8422

By Application Type:

  • Chronic ulcers
    • Venous leg ulcers
    • Diabetic foot ulcers
    • Pressure ulcers
  • Non-healing surgical wounds
    • Traumatic wounds
    • Burn cases

By End-User Type:

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Skilled nursing facilities

Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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
LinkedIn| Twitter| Blogs | YouTube

Global Dermal Filler Industry will grow at a 3.2% CAGR and reach US$ 8,764.6 Million by 2034 | FMI Study Report

By 2024, the Global Dermal Filler Industry is expected to be valued at US$6,411.8 million, mostly due to online retail channels. The market is estimated to grow at a 3.2% CAGR from 2024 to 2034, with a total worth of around US$ 8,764.6 million by 2034. Continuous research and development activities are a key contributor to market growth, resulting in technical improvements such as the introduction of longer-lasting formulas and biodegradable fillers.

The safety and biocompatibility of dermal fillers are becoming increasingly important, with manufacturers spending on research to produce treatments with minimal side effects and allergic responses. The unrealized potential of the male aesthetics market represents an opportunity for the dermal filler industry to develop targeted products and marketing strategies catering to the specific needs and preferences of male consumers.

Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-5699

Collaborations between cosmetic clinics, dermatologists, and manufacturers can create synergies in promoting dermal fillers, enhancing product visibility, and fostering trust among consumers. Ongoing innovations in injection techniques and application methods contribute to the growth by providing practitioners with enhanced precision and patients with more comfortable and efficient procedures.

Varied cultural perceptions of beauty and aesthetics influence the demand for dermal fillers, with market preferences shaped by cultural norms, leading to diverse product offerings and marketing strategies. Stringent regulations and approvals from health authorities contribute to market growth by instilling confidence in the safety and efficacy of dermal filler products, ensuring compliance with quality standards.

Integration of AI technologies in aesthetic procedures, assisting practitioners in treatment planning and predicting outcomes, represents a trend that enhances precision and individualized patient experiences. The trend towards bio-integrated fillers, designed to seamlessly integrate with the tissues of the body, contributes to natural-looking results and minimizes the risk of adverse reactions, fostering increased patient satisfaction.

Key Takeaways from the Market Study

  • From 2019 to 2023, the market demand expanded at a CAGR of 2.5%.
  • The market in Italy is expected to expand at a CAGR of 1.7% through 2034.
  • By ingredient, the hyaluronic acid segment to account for a market share of 58.8% in 2024.
  • From 2024 to 2034, the dermal filler market is expected to flourish at a CAGR of 3.2%.
  • By 2034, the market value of dermal filler is expected to reach US$ 8,764.6 million.

“Opportunities lie in the development of advanced training programs for healthcare practitioners, ensuring proficiency in the latest techniques and technologies, and addressing the growing demand for skilled professionals in the field,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the dermal filler market are Top of Form Galderma Pharma S.A, Sinclair Pharma plc, Zimmer Biomet Holdings, Allergan Plc., Anika Therapeutics Inc., Merz Pharma GmbH & Co. KGaA, Suneva Medical Inc., Teoxane Laboratories Inc., Prollenium Medical Technologies Inc., Laboratoires Vivacy SAS, and Fidia Pharma USA Inc., among others.

Click Here to Request Methodology!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5699

Recent Development

In 2022, Galderma introduced Radiesse (+) Lidocaine injectable implants designed for deep injection, such as subdermal and/or supraperiosteal, to enhance soft tissue volume. The innovation is aimed at addressing moderate to severe loss of jawline contour in adults aged 21 and above.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global dermal filler market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the dermal filler market, the market is segmented on the basis of ingredient (hyaluronic acid, poly-l-lactic acid, calcium hydroxylapatite, polymethyl methacrylate, collagen), gender (male, female, transgender), application (wrinkle reduction, skin folds/ nasolabial folds, augmentation of lips, cheek &chin, scar treatment, hand rejuvenation, jawline and chin lines countering, eyebrows treatment, hollowness under eyes, nose jobs, volume restoration, restoring damaged tissues, restoration of facial fat loss, dentistry), and distribution channel (cosmetic and aesthetics clinics, hospitals, online sales, plastic surgery centers, medical spa), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Companies Profiled       

  • Galderma Pharma S.A
  • Sinclair Pharma plc
  • Zimmer Biomet Holdings
  • Allergan plc.
  • Anika Therapeutics Inc.
  • Merz Pharma GmbH & Co. KGaA
  • Suneva Medical Inc.
  • Teoxane Laboratories Inc.
  • Prollenium Medical Technologies Inc.
  • Laboratoires Vivacy SAS
  • Fidia Pharma USA Inc.

Click Here To Buy Your Full Report
https://www.futuremarketinsights.com/checkout/5699

Key Segments in the Global Dermal Filler Industry Report

Ingredient:

  • Hyaluronic Acid
  • Poly-L-Lactic Acid
  • Calcium Hydroxylapatite
  • Polymethyl methacrylate
  • Collagen

Gender:

  • Male
  • Female
  • Transgender

Application:

  • Wrinkle Reduction
  • Skin Folds/Nasolabial Folds
  • Augmentation of Lips, Cheek &Chin
  • Scar Treatment
  • Hand Rejuvenation
  • Jawline and Chin Lines Countering
  • Eyebrows Treatment
  • Hollowness Under Eyes
  • Nose Jobs
  • Volume Restoration
  • Restoring Damaged Tissues
  • Restoration of Facial Fat Loss
  • Dentistry

Distribution Channel:

  • Cosmetic and Aesthetics Clinics
  • Hospitals
  • Online Sales
  • Plastic Surgery Centers
  • Medical Spa

Region:

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

About the Healthcare Division at Future Market Insights

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

Author

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

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

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

About Future Market Insights (FMI)

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

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
LinkedIn| Twitter| Blogs | YouTube

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

Recent market research by FMI indicates that the Global Hyaluronic Acid Products Industry is expected to reach a projected worth of US$6,838.2 million by 2033, indicating impressive development prospects. Throughout the projection period, the market is expected to grow at a stellar Compound Annual Growth Rate (CAGR) of 7.4%, indicating strong expansion and broad acceptance.

Because of the manufacturers’ creative R&D efforts, which have enabled hyaluronic acid products to continuously evolve, the market has been growing. One of the first companies in the industry, Bioventus, created a big impression when it unveiled Durolane, a novel joint lubricant that may be injected once to relieve knee osteoarthritis symptoms. Among the hyaluronic acid products available in the US market, Bioventus is significant since it is the only supplier. options, including one injection (Durolane), three injections (Gelsyn-3), and five injections (Supartz FX), catering to diverse patient needs.

Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-486

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

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

Key Takeaways from the Global Hyaluronic Acid Products Industry

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

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

Competitive Landscape in the Global Hyaluronic Acid Products Industry

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

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

Click Here to Request Methodology!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-486

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

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

More Valuable Insights Available

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

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

Key Companies Profiled in the Global Hyaluronic Acid Products Industry         

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

Click Here To Buy Your Full Report
https://www.futuremarketinsights.com/checkout/486

Key Segments Profiled in the Global Hyaluronic Acid Products Industry Survey

By Product:

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

By Application:

  • Osteoarthritis
  • Ophthalmic
  • Dermal Fillers
  • Vesicoureteral Reflux

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Specialty Clinics

By Region:

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

About the Healthcare Division at Future Market Insights

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

Author

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

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

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

About Future Market Insights (FMI)

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

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
LinkedIn| Twitter| Blogs | YouTube

Global Branded Generics Industry is expected to grow at an impressive 8.6% CAGR and reach US$747.2 Million by 2033 | FMI

With an estimated value of US$ 327.8 million in 2023, the Global Branded Generics Industry is poised for explosive expansion. With a remarkable Compound Annual Development Rate (CAGR) of 8.6%, projections show an extraordinary development trajectory that would see the company reach US$ 747.2 million by 2033.

This increase can be explained by the fact that numerous blockbuster pharmaceutical patents are about to expire at a time when the frequency of chronic diseases is rising. In addition, the growing worldwide Branded generic industry is propelled by the growing need for reasonably priced healthcare. Pharmaceuticals relaunched under new brand names and branded generics address a broad range of medical issues, which is one of the main reasons for the booming generic medication industry.

Request a Sample of this Report
https://www.futuremarketinsights.com/reports/sample/rep-gb-1260

Since branded generics are free from patenting, companies are investing handsome amounts on this drug category. The market is set to reach a valuation of around 283.2 Bn in 2021, with top players in tier-1 accounting for 20%-25% market share.

The entry of new players, simple market authorization procedures, greater profit margin and off-invoice discounts will expand the Global Branded Generics Industry during the forecast period.

As per the FMI’s analysis, despite the slight setback due to the pandemic, the global Branded Generics Industry registered year-on-year (Y-o-Y) growth at 4.9% CAGR during 2020-2021.

“Rising demand for branded generics across both developing and developed economies along with high penetration of pharmaceutical industry will offer lucrative growth opportunities for the branded generics manufacturers during the forecast period” says the FMI analyst.

Key Takeaways from FMI’s Global Branded Generics Industry Study

  • China and India are spearheading the growth of Asia Pacific market spurred by the increasing adoption of branded generics by large-scale pharmacy chains in the emerging economies
  • The U.S. will lead the North America’s branded generics market, registering a growth at 3.83% CAGR during the forecast period.
  • The market in India is expected to offer lucrative growth opportunities to branded generics manufacturers backed the expansion of pharmaceutical industry
  • In terms of therapeutic application, cardiovascular diseases and diabetes are expected to account for considerable market share
  • Oral solid dose pharmaceutical formulation continues to be highly preferred among patients. The oral segment accounts for over 55% share of the Global Branded Generics Industry.

Methodology Details Just a Click Away!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1260

Competitive Landscape

Teva, Abbott Laboratories, Novartis, Mylan, Pfizer are some prominent players operating in the Global Branded Generics Industry cumulatively hold around 20-25% market share.

Key players operating in branded generic market are focusing on expanding their business in emerging markets. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

  • In October 2020, Glenmark Pharmaceuticals introduced NINDANIB (Nintedanib) for the treatment of pulmonary fibrosis in India. Glenmark has been amongst the first to launch the branded generic version at an affordable cost for the treatment of pulmonary fibrosis in India.

Global Branded Generics Industry by Category Therapeutic Application:

  • Oncology
  • Cardiovascular Diseases
  • Diabetes
  • Neurology
  • Gastrointestinal Diseases
  • Dermatology Diseases
  • Analgesics and Anti-inflammatory
  • Others

Drug Class:

  • Alkylating Agents
  • Antimetabolites
  • Hormones
  • Anti-Hypertensive
  • Lipid Lowering Drugs
  • Anti-Depressants
  • Anti-Psychotics
  • Anti-Epileptics
  • Others

Formulation Type:

  • Oral
  • Parenteral
  • Topical
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

Access Exclusive Market Insights – Purchase Now!
https://www.futuremarketinsights.com/checkout/1260

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
LinkedIn| Twitter| Blogs | YouTube