Automatic Dishwasher Market: Sales Set to Surge with a 7.6% CAGR by 2032 | FMI

Automatic Dishwasher Market
Automatic Dishwasher Market

By 2032, the automatic dishwasher market is projected to soar to a valuation of approximately US$ 10,670.2 million. From 2022 to 2032, sales of automatic dishwashers are anticipated to grow steadily at a Compound Annual Growth Rate (CAGR) of around 7.6%. Within the consumer appliance market, automatic dishwashers hold a share ranging from approximately 2% to 5%.

The primary growth prospects for the market for automatic dishwashers are the increasing acceptance of these appliances in homes, restaurants, hotel chains, and cafeterias as a result of customer preferences shifting in favour of automatic installation of kitchenware solutions.

The demand for automatic dishwashers is further propelled by shifting lifestyles attributed to rapid urbanization and rising purchasing power, notably in developing nations like China, Taiwan, India, and Brazil. With a growing working population, individuals are turning to time-saving smart kitchen appliances to accommodate their demanding work schedules.

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In recent years, manufacturers have invested much in product development to create more durable methods of securing consumers. The majority of modern appliances include sensors that the user can turn on with a remote-device system to carry out specific functions. As a result, a vast selection of high-tech models is being developed.

Customers are seeking ways to simplify their lives, which has increased demand for smart dishwashers. The average person’s disposable income has increased, which has increased interest in automatic dishwashers. Over the past ten years, consistent advancements have boosted customers’ time and attention spent on kitchen appliance activities, and the growth is expected to continue over the forecast period.

The surge in home remodeling and renovation is one of the major drivers propelling the automatic dishwasher industry. As urbanization advances, homeowners’ interests and preferences are changing. The popularity of modular kitchens has increased the demand for consumer-oriented smart kitchen appliances including automatic dishwashers, kitchenware, and utensils.

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Key Takeaways from the Automatic Dishwasher Market Study:

  • Automatic dishwasher sales are expected to accelerate at 6% CAGR throughout the projected period.
  • By product type, freestanding automatic dishwasher segment is anticipated to account for a massive revenue share of ~5% of the market during the forecast period.
  • Based on application, the commercial segment is likely to hold a sizable around ~69.7% value share of the market in 2022.
  • In 2032, China is expected to hold around 7% share in East Asia’s automatic dishwasher market.
  • The U.S. automatic dishwasher market is anticipated to exhibit a growth rate of over ~6.3% CAGR during the forecast period.
  • China’s automatic dishwasher market is poised to grow at a CAGR of ~11.7 between 2022 and 2032.

“Customer preference shifting will be one of the primary factors driving the development of automatic dishwasher industry. A few elements that are thought to be crucial in understanding how various automatic dishwashers may thrive globally include a similar rise in the range of smart home appliances, higher per capita salary levels, and growing influence of western society”, says an FMI Analyst.

Who is winning?

  • Samsung
  • Whirlpool
  • Robert Bosch
  • LG
  • Haier
  • Electrolux AB
  • Sears Holding Corporation
  • Asko
  • Miele
  • Others

are among the major competitors in the automatic dishwasher products market. These automatic dishwasher manufacturers use effective marketing, promotional strategies, and new product launches to increase their sales globally.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global automatic dishwasher market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the automatic dishwasher market based on the automatic dishwasher market product type (freestanding, built-in), capacity (4 place setting, 6 place setting, 8 place setting, 12 place setting, other), application (residential, commercial), and sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, specialty stores, convenience stores, online retailers, other) across seven major regions.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Chronic Obstructive Pulmonary Disease Industry is expected to reach US$ 33.19 Billion by 2033 with a steady growth of 4.4% annually | According to FMI

By 2023, the Global Chronic Obstructive Pulmonary Disease Industry is expected to have grown to a value of US$21.58 billion. According to a thorough analysis by Future Market Insights Inc., there will be a notable increase in demand, driven by the rising global prevalence of alcohol consumption. It is projected that the market will develop at a consistent 4.4% compound annual growth rate (CAGR) from 2023 to 2033 when it is expected to reach an estimated worth of US$ 33.19 billion.

The study’s conclusions highlight the crucial influence of changing lifestyle choices, with alcohol use appearing as a major factor in the rising cost of treatments for chronic obstructive pulmonary disease (COPD). According to the study, the growing incidence of COPD, which is made worse by rising alcohol consumption, is a primary driver behind the anticipated market expansion over the next decade.

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Additionally, the World Health Organization (WHO) states that the most common cause of COPD is exposure to tobacco smoke both via first-hand as well as second-hand smoking. This global increase in the prevalence of COPD is a major factor fueling the growth of the COPD market in the forthcoming years. In addition, the rise in consumption of tobacco among millennials, coupled with the rise in the awareness among the population, regarding the use of generic drugs are projected to contribute to the revenue share of the chronic obstructive pulmonary disease market shortly.

According to the Centers for Disease Control and Prevention (CDCP), the cost related to COPD in the US was 32.1 $ billion in 2010 and rose to 49 billion by 2020. Hence, the continual growth witnessed in the cases of COPD among the population worldwide is a major factor that will intensify the growth of the COPD market over the forecast period.

Key Takeaways from the Global Chronic Obstructive Pulmonary Disease Industry Study

  • The global Chronic Obstructive Pulmonary Disease (COPD) Market was valued at US$ 20.67 Billion by 2022-end
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
  • By Type, the Chronic Bronchitis segment of the market constitutes the bulk of the market with a market share of 43%
  • By Distribution Channel, the Retail Pharmacies segment dominates the market with a share of 42%
  • From 2023 to 2033, Chronic Obstructive Pulmonary Disease (COPD) sales are expected to flourish at a CAGR of 4.4%.
  • By 2033, the market value of Chronic Obstructive Pulmonary Disease (COPD) is expected to reach US$ 33.19 Billion.

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The continual increase in cases of COPD globally, coupled with rising cases of tobacco consumers are the major factors escalating the growth of the Chronic Obstructive Pulmonary Disease (COPD) market shortly, remarks an FMI analyst.

Global Chronic Obstructive Pulmonary Disease Industry Competitive Landscape

Prominent players in the Chronic Obstructive Pulmonary Disease (COPD) market are Almirall, AstraZeneca, Boehringer Ingelheim International GmbH, CHIESI Farmaceutici S.p.A., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Kyowa Hakko Kirin, Mylan N.V., Novartis AG, Orion Corporation, Sanofi, Sunovion Pharmaceuticals, Inc. (Sumitomo Dainippon Pharma Co., Ltd.), Teva Pharmaceutical Industries Ltd., Theravance Biopharma, and Verona Pharmaceuticals, among others.

Recent Developments In the Global Chronic Obstructive Pulmonary Disease Industry:

  • In June 2022, Verona Pharma, a pharmaceutical company, announced the completion of the patient enrolment, with more than 800 subjects involved in its randomized ENHANCE-1 trial. The study will evaluate ensifentrine for the maintenance treatment of chronic obstructive pulmonary disease. It is a critical step for the phase III ENHANCE trial with top-line data expected by the end of the year 2022 and further data from ENHANCE-2 in the third quarter of 2022.
  • In May 2022, Alembic Pharmaceuticals Ltd, a pharmaceutical company, received final approval from the US health regulator for its generic version of Arformoterol Tartrate inhalation solution indicated for long-term treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease. The approval by the U.S. Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) for Arformoterol Tartrate inhalation solution is for the strength of 15 mcg (base)/2 mL unit-dose vial.

Know More About What the Global Chronic Obstructive Pulmonary Disease Industry Report Covers

Future Market Insights offers an unbiased analysis of the global Chronic Obstructive Pulmonary Disease (COPD) Market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033. To understand opportunities in the Chronic Obstructive Pulmonary Disease (COPD) Market, the market is segmented based on drug class, type, and distribution channel, across five major regions.

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Key Segments Covered in the Global Chronic Obstructive Pulmonary Disease Industry Analysis

Global Chronic Obstructive Pulmonary Disease Industry by Drug Class:

  • Combination Therapy
  • Bronchodilators
  • Corticosteroids
  • Phosphodiesterase Type 4 Inhibitor
  • Mucokinetics
  • Others

by Type:

  • Chronic Bronchitis
  • Emphysema

by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

by Region:

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

Author

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

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 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 Human Immunodeficiency Virus Type 1 (HIV-1) Industry is expected to reach US$ 62 Billion by 2033, expanding at a steady 6% annual growth rate (CAGR) | FMI

In 2023, the Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry is expected to reach a noteworthy valuation of US$ 34.83 billion, signifying a critical turning point in the battle against HIV/AIDS. Based on a thorough analysis carried out by the Institute for Health Metrics and Evaluation, this estimate is supported by a compound annual growth rate (CAGR) of 6%, which is anticipated to continue from 2023 to 2033.

The industry’s consistent expansion may be mainly ascribed to the ongoing increase in the prevalence of HIV-1 infections worldwide. Despite advancements in treatment options, approximately 37 million people globally are affected by the rising number of new cases. It’s interesting to note that the death rate linked to HIV-1 has not changed significantly over time, highlighting the urgency of

Currently, only half of the affected population has access to antiretroviral therapeutic interventions for disease management. This underscores a substantial gap in treatment accessibility that the healthcare industry aims to address over the forecasted decade.

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Because of the large percentage of HIV patients in highly populous countries such as China and India, the Asia Pacific market is expected to become the fastest-growing market with the highest CAGR over the coming years. Furthermore, the massive amount of therapeutic interventions, as well as monetary support from corporate companies and medical companies, are anticipated to propel the industry forward.

Key Takeaways from the Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry Study

  • North America led the 2022 market with a sales volume of US$ 21 Billion.
  • According to a study conducted by the Centers for Disease Control (CDC) in 2021, an estimated 1.2 million people had HIV at the end of 2018.
  • Based on the World Health Organization (WHO), approximately 33.0 million people will be infected with HIV by 2021.
  • Women and girls comprised 54% of all HIV-positive people, according to the WHO.
  • From 2018 to 2022, sales increased significantly at a CAGR of 1.6%.

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Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry Players

Key players in the Human Immunodeficiency Virus Type 1 (HIV 1) market are AbbVie, Inc., Boehringer, and Ingelheim GmbH. Bristol-Myers Squibb Company, Cipla, Inc., Genentech, Inc., Gilead Sciences, Inc., Merck & Co., Inc., ViiV Healthcare, GlaxoSmithKline, Sanofi.

  • In July 2021 – Unitaid and the Clinton Health Access Initiative, Inc. (CHAI) announced a pricing agreement with the medical company Hetero Labs LTD to make darunavir plus ritonavir (DRV/r) available as a second-line treatment for HIV patients in low and middle-income countries for US$ 210 per patient/year.
  • In March 2021, Gilead Sciences Inc. and Merck announced a collaboration agreement to co-develop and co-commercialize long-term HIV treatment. The investigational capsid inhibitor lenacapavir from Gilead and the investigational nucleoside reverse transcriptase translocation inhibitor islatravir from Merck will be paired to form a two-drug HIV regimen.
  • On January 20, 2021 – HIV ViiV Healthcare evolved Cabenuva, an injectable drug approved by the US Food and Drug Administration for the treatment of human immunodeficiency virus type 1 (HIV) infections in adults.

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Key Segments Profiled in the Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry Survey

Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry by Drug Class:

  • Nucleoside-Analog Reverse Transcriptase Inhibitor
  • Non-Nucleoside Reverse Transcriptase Inhibitor
  • Entry and Fusion Inhibitors
  • Protease Inhibitors
  • Integrase Inhibitors
  • Coreceptor Antagonists

Global Human Immunodeficiency Virus Type 1 (HIV-1) Industry by Region:

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

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

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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Thermoplastic Tape Market to Reach US$3.6 Billion by 2033, Driven by Innovation, Sustainability, and Automotive Demand

The global thermoplastic tape market is projected to reach US$3.6 billion by 2033, growing at a CAGR of 4.7% from 2023, according to a report by Future Market Insights (FMI). The market is currently valued at US$2.3 billion, fueled by increasing infrastructure development and construction activities.

Technological Advancements and Automotive Demand Propel Growth

Advancements in manufacturing technologies, like automated tape laying (ATL) and automated fiber placement (AFP), are revolutionizing production, leading to increased efficiency and material utilization in thermoplastic tapes. This, coupled with the rising demand from the automotive industry seeking lightweight materials, is propelling market growth.

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Thermoplastic Tapes: A Boon for the Automotive Industry

The automotive industry’s focus on lightweight materials for improved fuel efficiency and reduced emissions is significantly driving the thermoplastic tape market. These tapes offer several advantages:

  • Exceptional Strength-to-Weight Ratio: Thermoplastic tapes are lightweight yet possess high strength and stiffness. This allows automakers to replace metal components and achieve significant weight reduction, leading to better fuel economy and lower emissions.
  • Enhanced Impact Resistance: Thermoplastic tapes’ ability to absorb and dissipate impact energy improves vehicle crashworthiness and protects components.
  • Design Flexibility: These tapes can be molded into complex shapes, enabling customization of parts like interior panels.

Sustainability and Recyclability: A Growing Trend

The increasing focus on sustainable and recyclable materials is another major driver. Thermoplastic tapes offer significant benefits:

  • Recyclable Materials: Many thermoplastic resins used in tape manufacturing, like polypropylene (PP) and polyethylene (PE), are recyclable. This reduces reliance on virgin materials and minimizes waste.
  • Energy-Efficient Processing: Thermoplastics can be melted and re-molded multiple times without compromising properties. This facilitates easy processing, recycling, and reforming into new products.
  • Reduced Environmental Footprint: Industries using recyclable thermoplastic tapes contribute to resource conservation, lower energy consumption, and reduced greenhouse gas emissions.

Future Outlook

With advancements in technology and increasing emphasis on sustainability, the thermoplastic tape market is poised for steady growth over the next decade. Its growing adoption across various industries, particularly automotive, reinforces its potential as a valuable and versatile material.

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The United States and Germany: Regional Leaders

  • The United States: Home to a strong aerospace and defense sector, the U.S. is expected to hold a dominant market share in North America. The growing demand for new aircraft and the rise in air traffic will further propel the thermoplastic tape market in the region.
  • Germany: The European leader in automotive manufacturing, Germany is expected to witness significant growth due to the increasing adoption of lightweight and recyclable materials in vehicles. Thermoplastic tapes are finding application in battery packs of electric vehicles and high-end cars due to their weight-reducing properties.

Market Innovation: 

Innovation in the thermoplastic tape market has been a catalyst for transformative growth, with a continuous focus on advancing manufacturing technologies. The adoption of automated tape laying (ATL) and automated fiber placement (AFP) techniques has redefined the industry landscape. These technological innovations bring forth a paradigm shift in the production of thermoplastic tapes, contributing to enhanced efficiency, precision, and optimal material utilization.

Automated tape laying (ATL) stands out as a pivotal innovation, leveraging robotic systems and computer-controlled machinery to ensure precise tape placement onto substrates or molds. This not only streamlines the manufacturing process but also minimizes human errors, elevating the overall quality of the final products. As the market progresses, such innovations underline the commitment to sustainability, offering a glimpse into a future where thermoplastic tapes play a crucial role in diverse industries, from construction to aerospace, by providing reliable and technologically advanced solutions.

Vendor Insights: 

The report highlights prominent market players who have established themselves as market leaders in the global thermoplastic tape market. Some of the key players operating in the global market are

  1. Evonik Industries AG,
  2. Toray Industries Inc.,
  3. Solvay S.A.,
  4. Teijin Ltd.,
  5. Mitsui Chemicals Inc. and
  6. Sabic Corporation, among others.

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Key Segments:

By Thickness:

  • Up to 0.20 mm
  • 0.21 – 0.40 mm
  • More Than 0.40 mm

By Material Type:

  • Fiber
    • Carbon
    • Glass
    • Others
  • Resin
    • PAEK
    • PC
    • PA
    • PET
    • TPU
    • PP
    • Others (PPS, etc.)

By End Use:

  • Aerospace
  • Automotive
  • Building & Construction
  • Industrial Goods
  • Oil & Gas

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa (MEA)

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 Pancreatic Cancer Industry is Expected to Reach US$ 7,541.09 Million by 2033 at a Remarkable 13.5% CAGR | FMI

The Global Pancreatic Cancer Industry is expected to be valued at around US$ 2,125.57 million by the end of 2023, according to a thorough research issued by Future Market Insights Inc., a reputable healthcare analysis agency. This information is ground-breaking. A remarkable Compound Annual Growth Rate (CAGR) of 13.5% is predicted by the study, setting the stage for a large increase that would reach US$ 7,541.09 million by 2033.

Among the most common types of cancer in the world, pancreatic cancer is a serious illness with far-reaching consequences. The fact that HPV is the seventh most common cause of cancer-related deaths worldwide, according to alarming data, emphasizes how urgent it is to address this pressing healthcare issue.

The analysis further highlights a notable upward trend in the prevalence of pancreatic cancer, particularly in the Western world. Of concern is the rise in cases of pancreatic adenocarcinoma within developed regions. Lifestyle factors, including alcohol consumption and obesity, are believed to be substantial contributors to this worrisome trend.

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Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
  • Prompt and efficient customer service
  • Data collected from reliable primary and secondary sources
  • Highly trained and experienced team of research analysts
  • Seamless delivery of tailor-made market research reports

Global Pancreatic Cancer Industry: Segmentation

Valuable information covered in FMI’s Global Pancreatic Cancer Industry report has been segregated into key segments and sub-segments.

By Treatment Type:

  • Chemotherapy
  • Immunotherapy
  • Hormone Therapy
  • Surgery
  • Radiation Therapy
  • Targeted Drug Therapy
  • Others

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By Cancer Type:

  • Endocrine Pancreatic Cancer
  • Exocrine Pancreatic Cancer

By End User:

  • Hospitals
  • Clinics
  • Diagnostic Laboratories
  • Research Institutes
  • Research Laboratories
  • Others

Global Pancreatic Cancer Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Global Pancreatic Cancer Industry. Competitive information detailed in the Pancreatic Cancer market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Pancreatic Cancer Industry report.

Key players covered in the Global Pancreatic Cancer Industry report include:

  1. Pfizer Inc.
  2. Novartis AG
  3. Eli Lily and Company
  4. Bristol Myers Squibb Company
  5. Zydus Cadila
  6. Myriad Genetics Inc.
  7. F-Hoffmann-La Roche Ltd.
  8. PharmaCyte Biotech Inc.
  9. Teva Pharmaceutical Industries Ltd.

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Important Questions Answered in the Global Pancreatic Cancer Industry Report

  • Which end-user remains the top revenue contributor in different regional markets?
  • At what rate has the global Global Pancreatic Cancer Industry been expanding during the forecast period?
  • How will the global Pancreatic Cancer market look like by the end of the forecast period?
  • What innovative strategies are adopted by Global Pancreatic Cancer Industry players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Pancreatic Cancer market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis of growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis of each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Global Pancreatic Cancer Industry

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

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 Non-Small Cell Lung Carcinoma Industry is expected to reach a valuation of US$ 21.40 Billion by 2033, Driven by a strong 10% CAGR | FMI

According to market projections, the Global Non-Small Cell Lung Carcinoma Industry is poised for a significant transformation. The market is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 10%, reaching an impressive US$ 8.25 billion in 2023 and an even more astounding US$ 21.40 billion by 2033.

Carefully considered insights obtained by FMI, the leading authority on healthcare insights and data, serve as the foundation for this revolutionary change. Utilizing the most recent data obtained from significant global producers of pharmaceuticals and medical equipment, FMI offers a comprehensive study of the Non-Small Cell Lung Carcinoma (NSCLC) market, offering unmatched insight into the future of the sector.

With access to an extensive database covering over 5000+ drugs across more than 100 countries, FMI’s research empowers a comprehensive exploration of the current and future landscape of the Non-Small Cell Lung Carcinoma (NSCLC) industry. Our team of expert healthcare researchers and analysts meticulously track data from both established industry leaders and emerging players, ensuring an unbiased analysis that supports informed and strategic decision-making.

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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Non-Small Cell Lung Carcinoma (NSCLC) Industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Non-Small Cell Lung Carcinoma (NSCLC) Industry. With our extensive research and information about the past, current, and future market scenario, the Non-Small Cell Lung Carcinoma (NSCLC) market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Competitive Analysis

By Prominent Global Non-Small Cell Lung Carcinoma Industry Players

Key players in the market are non-small cell lung carcinoma market AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb, Celgene Corp, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Genentech Inc., GlaxoSmithKline plc, Novartis, Pfizer Inc, Roche Holding AG, Sun Pharmaceutical Industries Ltd.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Non-Small Cell Lung Carcinoma (NSCLC) market

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape the market growth curve for the global Non-Small Cell Lung Carcinoma (NSCLC) Industry?
  2. What are the drivers and challenges affecting the Non-Small Cell Lung Carcinoma (NSCLC) Industry demand?
  3. What are the recent technological advancements in the Non-Small Cell Lung Carcinoma (NSCLC) Industry?
  4. What are key trends and opportunities that will prevail in the revenue growth of Non-Small Cell Lung Carcinoma (NSCLC) Industry players?
  5. How will evolving regulatory policies impact market growth?
  6. What is the impact of Covid-19 on the Non-Small Cell Lung Carcinoma (NSCLC) Industry?

Global Non-Small Cell Lung Carcinoma Industry: Segmentation

By Region

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

Detailed analysis of the geographical region and country-wise insights are offered in the latest Non-Small Cell Lung Carcinoma (NSCLC) Industry report with established market players as well as incumbents in the region.

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Key Segments Profiled in the Global Non-Small Cell Lung Carcinoma Industry Survey

Type:

  • Adenocarcinoma
  • Squamous Cell Carcinoma
  • Large Cell Carcinoma
  • Large Cell Neuroendocrine Tumors

Treatment:

  • Chemotherapy
  • Targeted Therapy
    • Bevacizumab (Avastin)
    • Nectiumumbab (Portrazza)
    • Ramucirumab (Cyramza)
  • Immunotherapy
    • Nivolumab (Opdivo)
    • Atezolizumab (Tecentrig)
  • Others

End User:

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

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

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Why Future Market Insights?

  • Comprehensive analysis of evolving purchase patterns across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Non-Small Cell Lung Carcinoma (NSCLC) Industry
  • Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
  • Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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

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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Rotational Molding Machines Market Poised for Growth at 3.7% CAGR, Driven by Customization and Industrial Demand

The global rotational molding machines market is expected to reach US$1.321 billion by 2033, growing at a CAGR of 3.7% from 2023 to 2033, according to a report by Future Market Insights (FMI). The market is currently estimated at US$918.7 million, accounting for 1% to 2% of the global packaging machinery market valued at US$60.91 billion in 2022.

Rotational Molding: A Cost-Effective Solution for Complex Designs

Rotational molding, a cost-effective plastics molding technique, is ideal for producing seamless, double-walled objects with intricate designs. Unlike other processes that rely on pressure, rotational molding utilizes affordable molds, making it suitable for smaller production runs. This advantage is attracting growing interest from various end-use sectors.

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Key Drivers of Market Growth:

  • Rising Demand for Affordable, High-Output Machinery: Across key industries, the demand for cost-effective machinery that delivers maximum output is propelling market growth.
  • Customization for Diverse Applications: The increasing demand for consumer goods with complex designs is fueling the adoption of rotational molding machines.
  • Industrial and Manufacturing Applications: The industrial and manufacturing sectors are leading the demand for rotational molding machines due to factors like rapid industrialization and the rising need for industrial tanks and containers.
  • Customization Trend: The growing trend of customization in the marketplace is driving demand for rotational molding machines. Manufacturers can tailor these machines to specific production requirements, such as volume, energy consumption, materials, and processing cycles. This enables end-user industries to cater to the evolving needs of their customers.

Future Outlook:

The integration of robotics in rotational molding machines is expected to be a key trend in the future. This will further enhance production speed and optimize energy usage. With its ability to produce complex, high-quality plastic parts at an affordable cost, the rotational molding machines market is poised for steady growth over the forecast period.

Trends in the Rotational Molding Machine Industry:

  1. Industry 4.0 Integration: The adoption of Industry 4.0 principles, including automation, robotics, and real-time data analytics, is a growing trend in rotational molding. Smart machines that can self-optimize and communicate with each other are becoming increasingly prevalent.
  2. Material Innovations: Continuous advancements in materials used in rotational molding, including biodegradable and composite materials, are influencing the market. Manufacturers should stay updated on these innovations to offer improved products and address changing customer preferences.
  3. Energy-Efficient Machines: With a growing emphasis on sustainability, there is a trend toward energy-efficient rotational molding machines. Manufacturers are developing machines that optimize energy consumption without compromising on production efficiency.
  4. Customization Demands: There is a rising demand for highly customized products across various industries. Rotational molding machines that can accommodate diverse shapes, sizes, and specifications are gaining prominence to meet these customization requirements.
  5. Regulatory Compliance: Compliance with environmental regulations and safety standards is a critical trend. Rotational molding machine manufacturers need to stay abreast of evolving regulations to ensure their machines meet the necessary standards, fostering trust among clients and ensuring market relevance.

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What Business Growth Opportunities Exist for Market Participants in the Rotational Molding Machines Market?

  • Expand your product line using cutting-edge equipment.
  • Boost customer service to achieve higher levels of satisfaction.
  • Make the most of research and development to get advanced technology.
  • Extend end-to-end partnerships’ geographic reach
  • Use strategies for branding and marketing that work.
  • Make plans for customers’ instruction and training programs.
  • Increased focus on environmentally friendly and sustainable methods

Key Market Players

  1. The Rotomachinery Group
  2. N. A. Roto Machines & Moulds India
  3. Rotoline USA
  4. Ferry Industries, Inc.
  5. Shandong Zhongtian Rubber & Plastic Technology Co., Ltd.
  6. Persico S.p.a.
  7. Fixopan Machines Pvt. Ltd.
  8. Caccia Engineering Srl
  9. Crossfield Excalibur Ltd.
  10. Orex Rotomoulding
  11. Roto Machines Ltd.
  12. Yantai Huantong Rotational Moulding Equipment Co., Ltd.

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Rotational Molding Machines Market by Category:

By Product Type:

  • Carousel
  • Rock & Roll
  • Shuttle
  • Up & Over
  • Clamshell

By Application:

  • Tanks & Container
  • Drums & Bins
  • Carts & Carrier
  • Toys & Kayaks
  • Others

By End Use:

  • Food & Beverage
  • Agriculture
  • Automotive & Marine
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Homecare
  • Other Industrial

By Region:

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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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 Mortuary Equipment Market Poised for Steady Growth at 5.8% CAGR to a Substantial US$ 1,807.0 Million by 2033.

Global Mortuary Equipment Market
Global Mortuary Equipment Market

The global mortuary equipment market is anticipated to experience steady growth, expanding between 2023 and 2033 at a compound annual growth rate (CAGR) of 5.8%. According to this trajectory, the market value is expected to increase from US$ 1,025.8 million in 2023 to a substantial US$ 1,807.0 million by 2033.

Some of the main factors increasing the demand for mortuary bags are an increase in the frequency of diseases and pandemics, as well as an increase in traffic accidents. The death toll from auto accidents has increased recently.

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Future epidemics and pandemics are predicted to occur more frequently, which will accelerate the growth of the mortuary bag business. High-quality mortuary bags are required in cases of fatalities caused by viruses. The virus can continue to spread even after an infected person passes away. Worldwide demand for mortuary bags has increased as a result of the development of diseases and pandemics including COVID-19, Ebola, MERS-CoV, and avian flu in recent years.

Moreover, the market for mortuary bags is anticipated to grow during the course of the projected period due to the increasing prevalence of a number of non-communicable diseases.

Several key factors are contributing to this market growth:

  • Expanding Healthcare Infrastructure: The growing number of morgues and hospitals worldwide, coupled with an aging population, is driving the demand for mortuary equipment. As life expectancy fluctuates and the geriatric population increases, the need for mortuary services rises accordingly.
  • Focus on Research and Development: Research and development programs aimed at improving mortuary practices are also influencing the market. These programs explore advancements in embalming, storage, and overall efficiency, leading to the development of innovative equipment.
  • Automation Revolutionizes Mortuary Procedures: The integration of automation technologies into mortuary procedures is a significant growth driver. This automation encompasses body handling, embalming, storage, and transportation. Advanced equipment streamlines these processes, reducing processing times and enhancing convenience for mortuary professionals.
  • Chronic Diseases and Mortality Rates: The rising prevalence of chronic diseases is unfortunately expected to contribute to the market growth. A report on the mortuary equipment market suggests that increasing mortality rates due to chronic illnesses and aging populations will likely lead to higher equipment sales.
  • COVID-19 Impact and Regional Trends: The emergence of COVID-19 significantly impacted global mortality rates, showcasing an upward trend in the mortuary equipment market across all regions. For instance, a study revealed that Chennai, India, alone reported over 87,870 deaths between March and June of 2020.
  • Government Investments and Automation Preferences: Governments around the world are increasingly investing in advanced mortuary equipment to improve sanitation and efficiency within mortuary facilities. This includes funding for automation technologies, driven by the need for improved working conditions in these environments.
  • Diverse Cultural Practices: The mortuary equipment market caters to a wide range of cultural practices. Some cultures utilize the full spectrum of mortuary equipment, while others may have more limited needs specific to morgues or hospitals. This diversity presents a multifaceted market landscape.

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KEY TAKEAWAYS:

  • The polyethylene category led the mortuary bags market, accounting for roughly 31.0% of total sales.
  • Owing to the increased frequency of cardiovascular illnesses and the increasing occurrence of epidemics and pandemics, the adult bags segment dominated the mortuary bags market and had the biggest revenue share of 45.5%.
  • The hospitals’ segment accounted for a share of 44.03% in the mortuary bags market.
  • The mortuary bags market was led by the morgue sector, which accounted for 44.4% of total revenue.
  • The mortuary bags market was dominated by North America, which accounted for 15.9% of total sales.
  • Over the projection period for mortuary bags market, North America is predicted to increase at a CAGR of 5.7%

COMPETITIVE LANDSCAPE:

Some of the key players operating in the mortuary bags market include Desco Medical India, Suzhou Thriving Medical Equipment Corp., Changzhou Precise Package Ltd, Dongguan Bright Sea Industrial Co, Ltd., Shen Zhen Flowkin Tech Co, Ltd, Heaven Healthcare Ltd, Debdarm Enterprises, Track Manufacturing Co, Private Limited, Plastic Fabric Solution Inc, Associated Bag, Busse Hospital Disposables, Extra Packaging Corp, Peerless Plastics Mortuary, and Deimos Zip Harness.

Mortuary bags market players are focusing on pursuing inorganic growth strategies such as acquisitions and strategic partnerships to expand their presence, enhance product portfolio, and improve expertise in the mortuary bags market.

Key Market Segments

By Material type:

  • PVC
  • Polyethylene
  • Nylon
  • Polyester
  • Other Material types

By End-Use:

  • Hospitals
  • Mortuary
  • Other End-Users

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Intratumoral Cancer Therapies Industry is expected to reach US$ 552.36 Billion at a startling 10% Compound Annual Growth Rate By 2033 | FMI

A recently released report by Future Market Insights (FMI) projects that the Global Intratumoral Cancer Therapies Industry will experience a significant shift, with a projected market size of US$ 552.36 billion by the year 2033. According to the analysis, there has been a noteworthy increase in market value from the 2023 market value of US$ 212.96 billion, indicating an exceptional compound annual growth rate (CAGR) of 10% throughout the 2023-2033 projection period.

The favourable regulatory frameworks controlling cancer treatments are principally responsible for the market’s spectacular growth in intratumoral cancer therapies. The market grew steadily between 2017 and 2022 at a compound annual growth rate (CAGR) of 7%, setting the stage for the predicted acceleration in the upcoming ten years.

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In terms of market share and revenue, the North American market is predicted to be the most lucrative market during the forecast period with a revenue share of 40%. The region’s growth is driven by the presence of various biotechnology and medical device firms. For instance, in March 2020, Johnson and Johnson received the US FDA Breakthrough Therapy Designation for JNJ-61186372 (JNJ-6372) for the treatment of patients with metastatic non-small cell lung cancer (NSCLC).

Key Takeaways from the Global Intratumoral Cancer Therapies Industry Study

  • From 2017-2022, the Intratumoral Cancer Therapies market grew at a CAGR of 7%.
  • The global Intratumoral Cancer Therapies market is expected to grow with a 10% CAGR during 2023-2033.
  • As of 2033, the Intratumoral Cancer Therapies market is expected to reach US$ 552.36 Billion.
  • The checkpoint inhibitors segment is poised to register the highest growth rate through 2033.
  • North America is expected to possess a 40% market share for the Intratumoral Cancer Therapies market in North America.
  • The European market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.
  • By application, lung cancer is estimated to account for the largest share of the market.

“Cancer is among the top causes of mortality worldwide, and its incidence is increasing at an alarming rate. As a result, healthcare experts are concentrating on the development of efficient treatment and diagnosis solutions to reduce the incidence level.” says an FMI analyst

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Global Intratumoral Cancer Therapies Industry Competition

Key players in the Intratumoral Cancer Therapies market are Amgen Inc, AstraZeneca, Bayer AG, Bristol-Myers Squibb Company, Pfizer Inc, Novartis AG, Johnson & Johnson, and Eli Lily Company, F.

  • Gland Pharma has launched the cancer treatment medicine Bortezomib for Injection in the United States in 2022. The drug business stated in a statement that it has released the medicine in the US market through a partner who has acquired permission from the US Food and Drug Administration (USFDA). The business claims that its medicine is medically similar to Velcade for Injection from Takeda Pharmaceuticals. Bortezomib for Intravenous is used to treat cancers such as myeloma and mantle cell lymphoma.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Intratumoral Cancer Therapies market, presenting a historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights based on technology (Monoclonal Antibodies, Vaccines, Checkpoint Inhibitors, Cell Therapies, Immune System Modulators, Adoptive Cell Transfer, Cytokines), application (Lung Cancer, Breast Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer, Others), end-users (Hospitals, Cancer Research Centres, Clinics) & region.

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Key Segments Profiled in the Global Intratumoral Cancer Therapies Industry Survey

Technology:

  • Monoclonal Antibodies
  • Vaccines
  • Checkpoint Inhibitors
  • Cell Therapies
  • Immune System Modulators
  • Adoptive Cell Transfer
  • Cytokines

Application:

  • Lung Cancer
  • Breast Cancer
  • Melanoma
  • Prostate Cancer
  • Head & Neck Cancer
  • Others

End-users:

  • Hospitals
  • Cancer Research Centres
  • Clinics

Author

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

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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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UV Stabilized Films Market Expected to Reach US$56.54 Billion by 2033, Driven by Rising Demand Across Industries

Future Market Insights (FMI) forecasts robust growth for the UV-stabilized films market, reaching a valuation of US$56.54 billion by 2033. The market is estimated at US$34.38 billion in 2023 and is expected to expand at a CAGR of 5.1% over the forecast period.

This growth is attributed to the increasing demand for UV-stabilized films across various end-use industries, including construction, packaging, food, automotive, and agriculture. These films offer superior protection against UV radiation, safeguarding the quality and durability of the products they are used in.

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Key Factors Driving Market Growth:

  • Superior Protection Against UV Radiation: UV-stabilized films shield products from the detrimental effects of UV rays, ensuring their longevity and functionality.
  • Growing Demand for Sustainable Packaging: The rising popularity of eco-friendly packaging solutions is propelling the market forward. UV-stabilized films offer excellent resistance to environmental elements, making them ideal for food and pharmaceutical packaging.
  • Technological Advancements: New UV-stabilized film materials with enhanced functionality and durability are being developed, expanding their application range.

The United States, Canada, and the United Kingdom Present Lucrative Opportunities:

  • The U.S. market is projected to reach US$9.08 billion by 2033, driven by the construction sector’s reliance on these films for improved building performance and growing demand for sustainable packaging.
  • Canada’s market is expected to witness a CAGR of 5.2% due to rising consumer awareness about UV protection and the automotive industry’s demand for premium films.
  • The U.K. market is influenced by the significant agricultural sector, where UV-stabilized films enhance crop yields and decrease damage. The construction industry’s growth is also contributing to market expansion.

Increased Demand for Specialty Films:

The market is witnessing a surge in demand for specialty UV-stabilized films such as barrier films and anti-fog films, catering to specific application needs. Additionally, the growing use of multi-layer films for enhanced functionality and performance is a notable trend.

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Trends in the UV Stabilized Films Industry:

  1. Rising Demand for UV-Stabilized Agricultural Films: The agriculture sector is increasingly adopting UV-stabilized films for crop protection and greenhouse applications. This trend is driven by the need for improved yield and resource efficiency in agriculture.
  2. Focus on Bio-based UV Stabilized Films: With a heightened focus on sustainable products, there is a trend towards the development and adoption of bio-based UV stabilized films. These films, derived from renewable sources, align with the growing environmental consciousness in the market.
  3. Technological Advancements in UV Stabilization: Ongoing advancements in UV stabilization technologies, such as the development of more efficient stabilizers and coatings, are influencing the market. Businesses should stay abreast of these technological trends to remain competitive.
  4. Increasing Demand in Electronics Packaging: The electronics industry’s growth fuels the demand for UV-stabilized films in electronic packaging. These films offer protection against UV radiation, moisture, and other environmental factors, enhancing the longevity and performance of electronic components.
  5. Stringent Regulations and Compliance: Growing environmental concerns and regulations related to plastic use impact the UV-stabilized films market. Businesses need to stay compliant with evolving regulations, and the trend towards sustainable packaging is likely to influence market dynamics.

Key Players Operating in the UV-Stabilized Films Industry

  1. Mitsubishi Polyester Film Inc.
  2. Toray Plastics (America). Inc.
  3. DuPont Teijin Films U.S. Limited
  4. Polyplex Corporation Ltd.
  5. Teraphane LLC
  6. Toyobo Co. Ltd.
  7. Ester Industries Ltd.
  8. RKW SE
  9. Sigma Stretch Film Corp.
  10. Coveme Spa
  11. Kolon Industries Inc.
  12. Elif Plastik Amb.San.Tic.A.?
  13. Group Michiels Advanced Materials
  14. Walco Corporation
  15. Vampire Optical Coatings Inc.
  16. Custom Extrusion Technologies Inc.
  17. Arid Agritec Ltd.
  18. FVG Folien-Vertriebs GmbH
  19. Kangde Xin Composite Material Group Co. Ltd.

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Key Segmentation:

By Product Type:

  • Optical Films
    • Retardation Films
    • TAC Films
  • Adhesive Films
    • Diffuser Films
    • Anti-reflection Films
    • Dicing Films
    • Pressure-sensitive Films
  • Conductive Films
    • Anisotropic
    • Transparent
  • Others

By Material:

  • Plastic UV Stabilized Films
    • PET
    • PVC
    • PE
    • Others (PC, PP)
  • Metal UV Stabilized Films
    • Aluminium
    • Steel

By Thickness:

  • Up to 20 Micron UV Stabilized Films
  • 20 to 40 Micron UV Stabilized Films
  • 40 to 50 Micron UV Stabilized Films
  • 50 Micron & Above UV Stabilized Films

By Technology:

  • Adhesion Lamination
  • Co-extrusion Coating/Lamination

By Application:

  • Printing
  • Lamination
  • Industrial Use
    • Fiber Reinforced Panels
    • Greenhouse Films
    • Electrical Insulation
  • Packaging
    • Outdoor Labels
    • Wrapping Films

By End-use Industry:

  • Non-Packaging UV Stabilized Films
    • Building & Construction
    • Agriculture
    • Automotive
    • Printing
    • Electrical &Electronics
  • Packaging UV Stabilized Films
    • Food
      • Meat, Poultry & Seafood
      • Oils
      • Dry Fruits
      • Dairy Products
      • Other UV-sensitive Products
  • Chemicals
  • Pharmaceuticals

By Region:

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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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