Elaeis Guineensis (Palm) Fruit Extract Market Assessment: Foresees 6.1% CAGR Rise by 2032 | FMI

The elaeis guineensis (palm) fruit extract is likely to register a CAGR of 6.1% during the forecast period and is anticipated to reach an Elaeis guineensis (palm) fruit extract market share of US$ 59.08 Billion in 2032, from US$ 32.68 Billion in 2022.

Extracting palm oil makes elaeis guineensis (palm) fruit. There are different methods to get the fruit of Elaeis guineensis (palm). Elaeis guineensis or palm fruit is a source of two main types of extracts – oil and bioactive compounds.

In the market, there is a greater need for just its oil. Palm oil has three main types: crude palm oil, extract from elaeis guineensis (palm) fruit and palm kernel oil.

Stuff from Elaeis guineensis (palm) is mostly used in food, drinks and beauty products industries. It’s also helpful to make medicine better too! The natural skin toning effect of Elaeis guineensis (palm) fruit extract contains helpful antioxidants. Using Elaeis Guineensis is believed to help slow down the ageing of palm fruit extract because it has antioxidant property.

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A palm fruit contains tocochromanols in the range of 150-160 mg of and almost 30 mg of carotenoids. It is considered healthy for human body. Thus elaeis guineensis (palm) fruit extract has a significant usage in various industries including cosmetic, food & beverages etc. The supplements made from Elaeis Guineensis (palm) fruit extracts are believed to have skincare, and haircare property and also helps in reducing wrinkles & lines on skin.

Elaeis Guineensis (Palm) Fruit Extract Market: Market Dynamics

Consumer awareness of health and safety is rising sky high. Consumers are now focusing on products that are either natural or organic due to their growing knowledge. This has a significant impact on the market. Consumers today are searching for natural or organic food items, natural cosmetics, etc.

Manufacturers have been compelled to develop pertinent products or products with such ingredients due to the rising demand for natural or organic products. Customers favour using healthy oils for cooking and eating natural foods, among other things. Due to its health benefits, Elaeis guineensis (palm) fruit extract oil is being used more and more frequently across the globe.

Elaeis Guineensis (Palm) fruit extract is also growing in market due to its beneficial properties for human body whether it is skincare, haircare or for human health. Elaeis Guineensis (Palm) fruit extract contains healing agents, regenerating or revitalizing agents, antioxidants, anti-aging and anti-acne care properties which drives usage in natural cosmetic products. Due to the growing market demand, manufacturers are producing the Elaeis Guineensis (Palm) fruit extracts.

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Elaeis Guineensis (Palm) Fruit Extract Market: Regional Outlook

Changing lifestyle and growing health & fitness consciousness generate demand for natural and organic products across the world. Developed countries such as North America, Europe are the key countries are believed to have the highest rate of usage of Elaeis Guineensis (palm) fruit extracts. Europe’s higher cosmetic companies’ concentration have also drive the Elaeis Guineensis (ealm) fruit extract market for the particular region.

Asia Pacific is believed to have a significant growth rate for Elaeis Guineensis (palm) fruit extract companies due to the higher degree production of palm trees in Indoneisa and Malaysia. The end product demand is estimated to generate from China, Japan, India, Korea, and other countries in this region. Malaysia & Indonesia have more than 50% of the total palm production in the world. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.

Elaeis Guineensis (Palm) Fruit Extract Market: Key Players

Some of the major players in the Elaeis Guineensis (Palm) Fruit Extract market are Connoils USA, Oil Palm India Ltd., AMJ Indonesia, PT Global Interinti Industry, Soon Soon Oilmills Sdn Bhd, Mewah Group and others. These key market players are estimated to enhance the Elaeis Guineensis (Palm) fruit extract market growth with innovative product formulations and its launch.

KEY SEGMENT

Based on form:

  • Oil
  • Crude Palm Oil
  • Palm Kernel Oil
  • Bioactive Compounds

Based on extraction method:

  • Supercritical Carbon Dioxide
  • Aqueous
  • Solvent Extraction
  • Cold Pressed
  • Others

Based on nature:

  • Organic
  • Natural

Based on price:

  • High Range
  • Mid-Range
  • Low Range

Based on end use:

  • Cosmetics
  • Food & Beverages
  • Others

About Future Market Insights (FMI)

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

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Network Slicing Market Approaches US$ 3 Billion by 2032, CAGR 23.2%

The network slicing market was worth US$ 370 Million in 2022 and is predicted to be worth US$ 3 Billion by 2032, growing at a CAGR of 23.2% during the forecast period.

The network slicing market is gaining pace as cellular network technology evolves, providing faster data rates and lower latency. The fast increase in the volume of data carried by cellular networks has been driven mostly by consumer demand for video and a movement in business practices toward the usage of cloud services.

Network slicing market companies have a lot of room for expansion. The commercialization of 5G services and the availability of unlicensed and shared spectrum around the world are predicted to affect the future of the network slicing market.

The pandemic has greatly increased demand for broadband services, aided by rising mobile networking and remote access services in various industries, including retail, telecommunications, information technology, and healthcare.

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As companies worldwide begin to reopen, communications service providers are shifting their emphasis to 5G rollouts and increasing expenditures on network slicing. COVID-19 has fueled demand for 5G use cases such as remote office, telemedicine, remote education, and robotics, which has boosted the network slicing market.

Industry 4.0, automation, and digitalization have had a significant impact on the adoption of network slicing and mission-critical business applications. Most industries have experienced digital transformations to meet the increased need for operational agility from customers and enterprises.

Businesses urgently want a robust network to support their digital transformation journey. Technological breakthroughs and the developing ecosystem have opened the path for introducing new commercial applications in a variety of industries. Asia Pacific held the greatest share of the network slicing market in 2020, followed by North America, Europe, Latin America, and the Middle East and Africa.

North America’s network slicing market is predicted to develop rapidly over the forecast period, owing primarily to the increased usage of cloud computing, network function virtualization, and IoT. The fast proliferation of 5G devices, rising subscriber bases, favorable government policies and regulations, and demand for broadband services across the U.S. are likely to enhance network slicing market growth in the coming years.

Key Takeaways from the Network Slicing Market Report:

  • In the component sector, solution from the network slicing market is anticipated to flourish at the quickest CAGR of 21.1% through 2032.
  • With a CAGR of 21.1% through 2032, professional service is predicted to grow significantly in the services sector of the network slicing market.
  • The market size for the network slicing market in the United States is expected to reach US$ 1 Billion by 2032, growing at a CAGR of 22.9% during the projected period.
  • United Kingdom is expected to reach a market size of US$ 128 Million in network slicing by 2032, with a CAGR of 21.7% during the forecast period.
  • China’s network slicing market is expected to be worth US$ 217 Million by 2032, with a CAGR of 22.7% over the forecast period.
  • Japan is expected to have a market size for network slicing of US$ 179 Million by 2032, with a CAGR of 22.2% during the forecast period.
  • By 2032, South Korea is expected to reach a market size of US$ 118 Million in network slicing, with a CAGR of 21.9% during the forecast period.

Competitive Landscape:
ZTE Corporation (China), Cisco Systems, Inc. (US), Ericsson AB (Sweden), Affirmed Networks, Inc. (US), Mavenir Systems, Inc. (US), Huawei Technologies Co., Ltd (China), Nokia Corporation (Finland), Parallel Wireless, Inc. (US), Amdocs, Inc. (US), and Intel Corporation are the key players in the network slicing market.

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Recent Development:

  • May 2019 – The China Media Group, China Mobile, and Huawei accomplished the first UHD live streaming verification using a true end-to-end 5G network slice. This is also the network slicing market’s first live streaming slice on a 5G SA network that is 3GPP-compliant.
  • Ericsson and AT&T cooperated in March 2019 to deliver the world’s first lifecycle management based on ONAP software for network slices across multiple enterprise sites. One of the demonstration’s significant successes was ensuring the stability of both the infrastructure and ONAP parts while displaying network slices at the same time.
  • Dish Network Corporation teamed with Blue Planet in September 2020 to automate network slicing using Blue Planet’s cloud-native inventory and service order management technology.
  • Telefonica Deutschland is going to launch an autonomous network with Blue Planet in September 2020. Blue Planet may enable service providers to reduce their operating expenses (OPEX) while improving its network to support services such as 5G, video streaming, and online gaming.
  • Brillio and Blue Planet teamed up in April 2019 to deliver network automation to the enterprise and expedite digital transformation.

Network Slicing Market Segmentation:

By Components:

  • Solutions
  • Services

By Solutions:

  • Professional services
  • Managed Services

By Professional services:

  • Network design and planning
  • Integration and Deployment
  • Support and Maintenance

By End-user:

  • Telecom operators
  • Enterprises

By Applications:

  • Healthcare
  • Energy and Utilities
  • Transportation and Logistics
  • Manufacturing
  • Media and Entertainment
  • Automotive
  • Government
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

About Future Market Insights (FMI):

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Global Steroid-Free Nasal Sprays Market is poised to reach US$ 15,908.1 Million by 2033

Steroid-Free Nasal Sprays Market
Steroid-Free Nasal Sprays Market

The global steroid-free nasal sprays market continues to witness substantial growth, with a projected value of US$ 8,577.5 million in 2023 and an expected expansion to approximately US$ 15,908.1 million by 2033 will expand at a CAGR of 6.4% between 2023 and 2033, according to Future Market Insights.

With an anticipated market size of US$ 8,141.9 million in 2022, the rise in demand for steroid-free nasal sprays has been fueled by increased regulatory approvals and the launch of innovative products. Manufacturers are strategically focusing on obtaining regulatory clearances to enhance sales and market presence.

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The prevalence of allergies and infections worldwide, notably allergic rhinitis, has significantly contributed to the surge in demand for steroid-free nasal sprays. Allergic rhinitis, which encompasses allergies and hay fever triggered by various stimuli such as plants, mold, dust, and animal dander, is one of the most prevalent types of allergies globally.

The global steroid-free nasal sprays market, valued at US$ 7.7 billion in 2021, is expected to reach US$ 14.9 billion by 2032, This growth trajectory underscores the increasing need for effective solutions to manage allergic rhinitis and related conditions.

FMI recognizes the significance of this market trend and remains committed to delivering high-quality steroid-free nasal spray solutions to meet the evolving needs of consumers worldwide. With a focus on innovation, regulatory compliance, and customer satisfaction, FMI is poised to capitalize on the opportunities presented by this growing market segment.

Steroid-Free Nasal Sprays Market Poised for Growth Despite Challenges:

The market for steroid-free nasal sprays is experiencing significant growth, driven by a confluence of factors. This press release highlights the key drivers and opportunities propelling the market forward, while acknowledging potential limitations.

Growth Drivers:

  • Innovation in Pharmaceuticals: Advancements in the pharmaceutical industry are enabling the development of novel steroid-free nasal spray products, catering to a growing health-conscious consumer base.
  • Emerging Markets: Untapped markets present immense growth potential due to improved healthcare infrastructure, rising unmet medical needs, and a higher prevalence of chronic respiratory diseases. Investments in healthcare by emerging economies further fuel this growth.

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Key Opportunities:

  • Preservative-Free Formulations and Dry Powders: The availability of preservative-free formulations and dry powder nasal sprays offers consumers a safer alternative, avoiding potential complications associated with traditional preservatives.
  • Addressing Unmet Medical Needs: Nasal delivery systems hold promise for treating various CNS (Central Nervous System) conditions with high unmet medical needs, such as depression, schizophrenia, and Alzheimer’s disease.

Potential Challenges:

  • Overuse and Rebound Effects: Prolonged use of nasal sprays can lead to downregulation of receptors in the nose, causing a rebound of nasal inflammation (rhinitis medicamentosa) upon stopping the medication. Additionally, long-term use of certain sprays can damage tissue.
  • Product Recalls: Recent product recalls due to side effects raise concerns and may limit sales within the market.

Looking Ahead:

The steroid-free nasal spray market presents a promising landscape, driven by innovation and opportunities in emerging markets. Addressing overuse concerns and ensuring product safety will be crucial for sustained growth.

This press release is intended for informational purposes only and should not be construed as medical advice. Always consult with a healthcare professional before using any new medication.

Competition Landscape:

  • Janssen Pharmaceutical, Inc.
  • Astra Zeneca Plc.
  • Cipla Ltd.
  • Glenmark Pharmaceuticals
  • Glaxosmithkline Plc.
  • Novartis International AG
  • Procter & Gamble
  • Sanofi S.A. (Sanofi-aventis LLC.)
  • Boehringer Ingelheim GmbH
  • AdvaCare Pharma
  • Bayer AG (Bayer Consumer Health
  • Covis Pharma S.a.r.l.
  • Nipro Corporation (NIPRO JMI Pharma Ltd.)
  • Viatris Inc. (Meda Pharmaceuticals Inc.)
  • Perrigo Company plc
  • AptarGroup, Inc.
  • Berry Global, Inc.
  • URSATEC GmbH
  • Gerresheimer AG
  • Avantor, VWR International, LLC

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Steroid-Free Nasal Sprays Market by Category:

By Product:

  • Nasal Antihistamine Sprays
  • Nasal Decongestant Sprays
  • Nasal Anticholinergic Sprays
  • Nasal Cromolyn Sodium Sprays
  • Others

By Formulation:

  • Aqueous
  • Suspension
  • Nonaqueous-Based Solution
  • Hydroalcoholic
  • Emulsions
  • Dry Powder/Micro Particles

By Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Specialty Clinics
    • Community Clinics
    • Public Health Agencies
    • Others
  • Retail Sales
    • Retail Pharmacy
    • Drug Stores
    • Mail Order Pharmacy

About Future Market Insights (FMI)

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

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T: +1-845-579-5705
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Dal Mill Machine Market Size: Industry worth US$ 310.9 Million by 2033

The dal mill machine market pulverizes pulses like lentils, chickpeas, and beans, transforming them into a staple food source for millions across the globe. These machines are crucial for processing pulses into various dals (split lentils) and flours, catering to the culinary needs of diverse cultures. Let’s explore the factors driving growth in this market, delve into recent advancements, and examine the future trends shaping its design and functionality.

Growth Factors: 

The dal mill machine market is propelled by several key drivers:

  • Rising Demand for Pulses: Pulses are gaining recognition as a healthy and sustainable source of protein, leading to increased global consumption.
  • Growing Population: The ever-expanding global population necessitates efficient processing methods for staple food sources like dals.
  • Urbanization and Busy Lifestyles: The growing urban population and busier lifestyles create a demand for convenient and pre-processed dals.
  • Government Initiatives: In some regions, government support for pulse production and processing is stimulating market growth.
  • Expanding Applications: Dal flour is finding uses beyond traditional dishes, such as in bakery products and gluten-free alternatives, further driving the market.

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Recent Developments: 

The dal mill machine market is witnessing exciting advancements:

  • Focus on Automation: Semi-automated and automated dal milling machines are gaining traction, improving processing efficiency and reducing manual labor requirements.
  • Improved Hygiene Standards: Manufacturers are prioritizing the development of machines with features that promote easier cleaning and sanitation, crucial for food safety.
  • Multi-functionality: Machines are being designed to handle various pulse types and offer multiple processing options like splitting, dehulling, and grinding.
  • Energy Efficiency: Developments in motor technology and machine design are leading to more energy-efficient dal mills, reducing operational costs.
  • Size and Capacity Variations: Manufacturers are catering to diverse needs by offering machines in various sizes and capacities, suitable for small-scale producers or large-scale commercial operations.

Future Scope: 

The future of the dal mill machine market is expected to witness advancements in several areas:

    • Integration with Smart Technologies: IoT-enabled machines with real-time monitoring capabilities and data analysis can optimize processing parameters and predict maintenance needs.
    • Focus on Sustainability: The use of eco-friendly materials in machine construction and the development of energy-saving models will be a priority.
    • Emphasis on Accessibility: The development of affordable and user-friendly dal milling machines can empower small-scale producers and entrepreneurs in developing economies.
    • Material Innovation: Research on wear-resistant and corrosion-resistant materials can improve machine durability and longevity.
    • Focus on Local Production: The trend of local food production and consumption might lead to increased demand for smaller, decentralized dal milling solutions.

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Building Information Management (BIM) Market Projected to Hit US$ 29,087.1 Million by 2034 with 13% CAGR

The building information management (BIM) market is estimated to be worth US$ 8,591.7 million in 2024 and is projected to be valued at US$ 29,087.1 Million in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 13%.

Building information management is becoming increasingly essential as businesses look to maximize resources and streamline operations. Effective stakeholder engagement during the building process is made possible by building information management, which eventually reduces errors, improves project coordination, and saves money.

To increase sustainability, cut waste, and increase efficiency, many governments worldwide require building information management services in public infrastructure projects. The adoption of building information management in the construction industry is driven by compliance with rules like these.

The capabilities of building information management software are being improved by ongoing technological breakthroughs like cloud computing, artificial intelligence, and the Internet of Things (IoT). Integrating these technologies makes more advanced analysis, visualization, and simulation possible, encouraging more users to embrace BIM solutions.

Growing environmental concerns have led to an increased emphasis on sustainable construction methods. In line with the industry’s sustainability objectives, Building information management provides tools for energy analysis, material optimization, and lifetime evaluation, facilitating sustainable design, construction, and operation.

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Key Takeaways from the Building Information Management (BIM) Market Report:

  • From 2019 to 2023, the building information management market expanded at a CAGR of 10.8%.
  • Based on the application, the commercial segment is expected to account for a market share of 39.2% in 2024.
  • The demand for building information management in Germany is predicted to grow at a CAGR of 8.40% through 2034.
  • In the United States, the refurbished appliance industry is estimated to register a CAGR of 9.80% from 2024 to 2034.
  • China is projected to expand by a CAGR of 13.50% between 2024 and 2034.
  • The building information management market in Australia is anticipated to record a CAGR of 16.50% during 2034.

Competitive Landscape:

Market players are collaborating with other companies, including technology partners, construction firms, architecture firms, and engineering consultants, helping expand the reach of BIM solutions and providing comprehensive services to clients.

  • Software provider DataCAD LLC focuses on offering drafting and architectural design software. DataCAD is the company’s main product, a potent and user-friendly CAD (Computer-Aided Design) program designed especially for architects, engineers, and construction industry experts.
  • Software firm Bricsys NV is well-known for its main offering, BricsCAD. BricsCAD is an advanced Computer-Aided Design (CAD) program with the ability to design in two dimensions, model in three dimensions, and create building information models (BIMs). BricsCAD is well-known for its extensive feature set, easy-to-use interface, and compatibility with industry-standard file formats like DWG.

Leading Key Players:

  • Autodesk Inc.
  • Trimble Solutions Corporation
  • Graphisoft (Nemetschek Group)
  • BIMobject
  • Elecosoft
  • RIB Software SE
  • Dassault Systèmes
  • DataCAD LLC
  • Bentley Systems
  • Procore Technologies
  • Bricsys NV
  • Vizerra SA
  • Cadmatic Oy
  • ArCADiasoft
  • ACCA software
  • Kreo

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More Valuable Insights Available

Future Market Insights offers an unbiased global building information management market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand opportunities in the building information management industry, the industry is segmented based on solutions (software, services), end users (civil engineers, architects & consultants, construction supervisors, and building contractors), applications (residential, commercial, industrial, and government) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa).

Building Information Management (BIM) Market Segmentation:

By Solution:

  • Software
  • Services
    • Structural Design & Modeling Services
    • Project Consulting
    • Support & Maintenance

By End User:

  • Civil Engineers
  • Architects & Consultants
  • Construction Supervisors
  • Building Contractors

By Application:

  • Residential
  • Commercial
  • Industrial
  • Government

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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.

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Future Market Insights Inc.
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T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
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Global Phakic Intraocular Lenses (IOL) Market Continues Phenomenal Growth Trajectory, Surpassing US$ 897.4 Million by 2033

Phakic Intraocular Lenses (IOL) Market
Phakic Intraocular Lenses (IOL) Market

The global market for phakic intraocular lenses (IOL) witnessed robust expansion in 2022, reaching an impressive valuation of US$ 377.1 million, according to a recent report by Future Market Insights. The forecast remains highly optimistic, with projections indicating a steady climb to touch US$ 412.9 million by the end of 2023.

This exceptional growth trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 8.1% between 2023 and 2033, as highlighted in the comprehensive report. By 2033, the market is anticipated to reach a staggering valuation of approximately US$ 897.4 million, a testament to its enduring appeal and significant market potential.

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The driving force behind this remarkable ascent is primarily attributed to the escalating prevalence of eye diseases worldwide. With an increasing number of individuals grappling with various eye conditions, governments across the globe have launched comprehensive initiatives aimed at controlling and treating blindness and associated ailments. This concerted effort has acted as a catalyst for the burgeoning growth of the phakic intraocular lenses (IOL) market.

Furthermore, the market’s momentum is bolstered by continuous technological advancements in intraocular lenses. Ongoing innovations are not only enhancing the efficiency and effectiveness of phakic intraocular lenses but also providing patients with more advanced and reliable solutions. This convergence of medical technology and burgeoning market demand is propelling the industry forward, with expectations of sustained growth in the years ahead.

The burgeoning phakic intraocular lenses (IOL) market is not only indicative of the escalating demand for advanced eye care solutions but also underscores the collaborative efforts of governments, healthcare providers, and technology innovators united in their mission to enhance global eye health.

Factors Driving Market Growth:

  • Prevalence of Eye Diseases: Increasing global prevalence of eye diseases is a key driver for market growth.
  • Government Initiatives: Governments worldwide are actively involved in controlling and treating blindness, contributing significantly to market expansion.
  • Technological Advancements: Ongoing innovations in intraocular lenses are accelerating market growth.

The global phakic intraocular lenses (IOL) market presents substantial opportunities for stakeholders, including manufacturers, healthcare providers, and investors, to contribute to and benefit from this burgeoning sector. As the industry evolves, collaboration and innovation will remain crucial to addressing the growing demand for advanced eye care solutions and ensuring improved vision outcomes for individuals worldwide.

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Key Takeaways from the Market Study:

  • Sales of the phakic intraocular lenses (IOL) market are considered to expand at a 9.5% CAGR over the assessment period.
  • North America’s phakic intraocular lenses (IOL) market holds a value share of 28.7%.
  • China is anticipated to increase at an 11.80% CAGR over the forecast period.
  • Demand in Germany is set to rise at a value of 2.7%.
  • Europe has a value share of 34.1% of the phakic intraocular lenses (IOL) market during the forecast period.
  • Based on product segment, posterior chamber phakic IOL is expected to increase at a value share of 68% during the assessment period.
  • Under the indication segment, myopia is anticipated to hold a market share of 36% during the forecast period.

“Revolutionization of refractive surgery in case of phakic intraocular lenses is one of the key opportunities for the Phakic Intraocular Lenses market”, comments Future Market Insights analyst.

Competitive Analysis:

The industry consists of a substantial number of market players. Research and development in the introduction of environmental-friendly product lines form the core aspect of these manufacturers. In addition, other expansion strategies, including collaborations, mergers and acquisitions, and seeking regulatory approvals, are also relied upon.

Some Of The Prominent Players Profiled In The Global Market Are:

  • STAAR SURGICAL
  • Care Group
  • Ophtec BV/Abbott
  • Johnson & Johnson
  • Ambu
  • Boston Scientific
  • Olympus
  • Verathon Inc
  • Duomed
  • PENTAX Medical
  • Neoscope Inc

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

  • In July 2020, STAAR Surgical Company received CE Mark approval from its European Notified Body, DEKRA, for their new commercial product offering EVO Viva.
  • In December 2019, Johnson & Johnson received the USA FDA approval and launched of TECNIS Toric II 1-Piece Intraocular Lens (IOL).
  • In December 2022, Johnson & Johnson took another step forward in establishing two independent, market-leading companies with the announcement of Kenvue as the name for the planned New Consumer Health Company. The new corporate brand comes to life through a compelling purpose and a timeless visual brand.

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Key Market Segments Covered in Phakic Intraocular Lenses Industry Research:

By Product:

  • Posterior Chamber Phakic IOL
  • Anterior Chamber Phakic IOL

By Indication:

  • Myopia
  • Hyperopia
  • Astigmatism

By End User:

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgical Centers

By Region:

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

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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Mobile Payment Security Market Booms US$ 7.8 Trillion Expected by 2032 with 21.5% CAGR

The mobile payment security market was valued at US$ 1.1 Trillion in 2022 and is predicted to reach US$ 7.8 Trillion by 2032, growing at a 21.5% CAGR. The demand for mobile payment security solutions is predicted to grow globally throughout the forecast period as the number of digital payments, such as credit/debit cards, mobile wallets, and internet payments increases.

One of the key factors driving the growth of the mobile payment security industry is the increasing frequency of data breaches. As the number of data breaches rises, so does the amount of money lost as a result of them. As a result, the demand for mobile payment security solutions is increasing.

The increasing sales of mobile payment security solutions can also be related to the rising needs of the Payment Card Industry Data Security Standard (PCI DSS) rules, increased end-user knowledge of mobile payment security, and government attempts to promote cashless payment.

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The demand for mobile payment security solutions is predicted to grow due to recent technological advancements in mobile commerce. This factor has enabled consumers to undertake digital transactions such as purchasing goods and applications through wireless networks, redeeming coupons and tickets, banking, and completing point-of-sale payments from their smartphones.

The expanding use of wireless networks among individual consumers has boosted the sales of mobile payment security solutions. Mobile payment security has become more important as the use of wireless networks in mobile devices for payment in retail outlets has expanded.

The mobile payment security market is likely to rise significantly as a result of the recent outbreak of COVID-19, owing to the growing use of digital payment services. However, the mobile payment security market’s expansion is being hampered by a lack of trust in online banking.

Increased demand for mobile payment security solutions for digital e-commerce and increased use of payment applications across various business verticals, on the other hand, is likely to provide lucrative opportunities for mobile payment security market expansion throughout the forecast period.

Key Takeaways from the Mobile Payment Security Market Report:

  • Based on type, the biometrics segment of the mobile payment security market is expected to grow at the fastest CAGR of 21.0% through 2032.
  • By end-use, the banking & financial service is expected to grow at a high rate in the mobile payment security market, with a CAGR of 20.6% through 2032.
  • The market size for mobile payment security in the United States is expected to reach US$ 2.8 Trillion by 2032, growing at a CAGR of 21.2% during the forecast period.
  • The UK is expected to register a market share of US$ 334.6 Billion in the mobile payment security market by 2032, with a CAGR of 20.4% during the forecast period.
  • China’s mobile payment security market is expected to be worth US$ 534.7 Billion by 2032, with a CAGR of 20.9% over the forecast period.
  • Japan is expected to have a market size for mobile payment security of US$ 434.3 Billion by 2032, with a CAGR of 19.8% through 2032.
  • By 2032, South Korea is expected to reach a share of US$ 255.5 Billion in the mobile payment security market with a CAGR of 18.9% through 2032.

Competitive Landscape:
Due to the large number of firms operating in both domestic and foreign markets, the mobile payment security market is extremely competitive. The market is moderately concentrated, with technological breakthroughs and mergers & acquisitions being the primary methods employed by the big competitors.

Leading Key Players:

  • BioCatch
  • Braintree
  • Carta Worldwide
  • Daon
  • Duo

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Mobile Payment Security Market Segmentation:

By Type:

  • Tokenization
  • Biometrics

By End Use:

  • Telecom & Information Technology
  • Banking & Financial Service
  • Government
  • Transportation
  • Retail
  • Entertainment and Media
  • Other

By Region:

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

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 Hemostats for Wound Closure Market Set to Surge, Anticipated to Reach 6.3% CAGR by 2032

Hemostats for Wound Closure Market
Hemostats for Wound Closure Market

The latest market intelligence report by analysts at FMI unveils promising growth prospects for the global hemostats for wound closure market, projected at a Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2032. This comprehensive analysis delves into the intricate dynamics shaping the market landscape, considering macro socio-economic factors alongside micro geography-specific trends.

With the escalating number of surgical procedures worldwide, the demand for hemostats for wound closure is on an upward trajectory. Furthermore, the prevalence of sports-related injuries and spinal problems is fueling additional demand, propelling the market forward.

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A significant driver of market growth is the substantial investments pouring into research and development initiatives, fostering innovation and driving the evolution of hemostats for wound closure solutions.

“While the market presents promising growth opportunities, it also encounters challenges that may impede its full potential,” noted a spokesperson from FMI. “However, with a thorough understanding of market dynamics, stakeholders can navigate these challenges effectively.”

One of the prominent trends bolstering the demand for hemostats for wound closure is the proliferation of hospitals and surgical centers, particularly in developing regions. Nations such as India and China have witnessed remarkable advancements in healthcare infrastructure, leading to a surge in the establishment of medical facilities. Consequently, these regions present fertile ground for market expansion, with hospitals and surgical centers emerging as primary consumers of hemostats.

The report encapsulates a holistic view of the market, offering invaluable insights to stakeholders aiming to capitalize on emerging opportunities and overcome existing challenges.

Hemostats for Wound Closure Market Poised for Growth Despite Competition:

The market for hemostats, topical agents and adhesives used for wound closure, is experiencing significant growth due to several key factors. This press release highlights the drivers and potential challenges shaping this dynamic market.

Growth Propellers:

  • Shifting Practices: Hemostats offer a valuable alternative to traditional suturing techniques for controlling bleeding and closing wounds. These sophisticated procedures provide numerous benefits, including faster healing times, reduced scarring, and lower infection risks.
  • Broad Patient Pool: The global demand for hemostats is driven by the vast number of patients undergoing wound closure procedures. This widespread need creates a lucrative market for hemostat manufacturers.
  • Cost-Effectiveness: Hemostats offer a cost-competitive solution compared to other wound closure methods, further accelerating their adoption in healthcare facilities.
  • Technological Advancements: Continuous advancements in healthcare technologies are expected to contribute to the development of even more effective hemostats, propelling market growth.

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Key companies profiled:

  • B. Braun,
  • Johnson & Johnson,
  • 3M,
  • Covidien.

Key Segments:

By Type:

  • Thrombin
  • Oxidised Regenerated Cellulose
  • Combination
  • Gelatin
  • Collagen

By Application:

  • Orthopedic Surgery
  • General Surgery
  • Gynecological

By Formulation:

  • Sponge
  • Powder
  • Matrix & Gel
  • Sheets & Pads

By Region:

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

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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 Medical Germicidal Lamps Market is anticipated to be US$ 560.5 Million by 2032 at a CAGR of 9.1% 

Medical Germicidal Lamps Market
Medical Germicidal Lamps Market

As per recent market analysis, the global medical germicidal lamps market is poised for remarkable growth, projected to reach a valuation of US$ 560.5 Million by the year 2032, compared to US$ 215.8 Million in 2022, reflecting a robust CAGR of 9.1% during the forecast period from 2022 to 2032.

The surge in surgical procedures and the escalating demand for enhanced healthcare infrastructure are key drivers propelling the demand for medical germicidal lamps. These lamps, renowned for their efficacy in combating fungi, molds, mildews, and various viruses, play a pivotal role in ensuring sterile environments crucial for medical procedures.

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The landscape of the medical germicidal lamps market has witnessed significant transformations with the advent of new technologies such as LED surgical lamps, CFL surgical lamps, halogen surgical lamps, and others. Despite the emergence of these alternatives, the demand for medical germicidal lamps continues to surge, owing to ongoing cutting-edge developments and their proven effectiveness in sterilization.

A notable trend observed in the market is the growing interest from end-user segments, particularly hospitals and specialist clinics, towards adopting medical germicidal lamps. Manufacturers are increasingly advocating the use of germicidal UV lights to prevent indoor contamination, particularly fungal contamination, thereby bolstering the sales of medical germicidal lamps.

“In the healthcare sector, where sterility is paramount, medical germicidal lamps serve as indispensable tools in maintaining hygienic environments,” remarked FMI. “We foresee immense opportunities in this burgeoning market as healthcare facilities continue to prioritize patient safety and infection control.”

With their proven ability to eliminate harmful pathogens from the air and surfaces, medical germicidal lamps are witnessing heightened demand within hospital settings, where they are deployed to sterilize operating rooms and surgical instruments.

FMI remains at the forefront of innovation in the medical germicidal lamps market, committed to delivering cutting-edge solutions that meet the evolving needs of healthcare professionals worldwide.

Medical Germicidal Lamps Market Poised for Growth Driven by Rising Surgical Procedures and Technological Advancements:

The medical germicidal lamps market is experiencing a surge, fueled by a rise in surgeries and the increasing demand for improved healthcare facilities. Technological advancements are transforming the landscape of this market, particularly with the development of innovative germicidal lamps ideal for use in surgical and invasive procedures.

This growth is expected to continue as healthcare facilities embrace these cutting-edge solutions. However, factors like high costs associated with CFL and LED lamps, as well as economic downturns in some developing countries, may pose challenges to widespread adoption.

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Key growth factors in the medical germicidal lamp market include:

  • Increased Number of Surgeries: The rising frequency of surgical procedures is driving the demand for germicidal lamps for sterilization in operating rooms and healthcare facilities.
  • Technological Advancements: New technologies like LED and CFL germicidal lamps offer improved efficiency and functionality, leading to wider adoption.

While the market flourishes, there are also challenges to consider:

  • Cost Considerations: High initial costs associated with CFL and LED germicidal lamps can be a barrier for some healthcare providers.
  • Economic Downturns: Economic recessions in developing countries could potentially limit investments in new medical equipment, including germicidal lamps.

Despite these challenges, the long-term outlook for the medical germicidal lamp market remains positive. As the focus on hygiene and infection control intensifies, the market is expected to witness continued growth in the coming years.

Key Companies Profiled:

  • American Ultraviolet
  • Steril-Aire
  • Spectronics Corporation
  • Herolab GmbH
  • UVP
  • LLC
  • Atlantic Ultraviolet Corporation
  • Light Sources, Inc.
  • Sankyo Denki Co.

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Key Segments Profiled in the Medical Germicidal Lamps Market Survey:

By Technology:

  • LED surgical lamps
  • CFL surgical lamps
  • Halogen surgical lamps

By Product Type:

  • Ceiling mount surgical lamp
  • Surgical headlight lamp
  • Dental light lamp
  • Laser light
  • Others

By Region:

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

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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Food Holding Equipment Market worth US$ 5,679.2 Million by 2033

According to a recent report published by FMI, the global food holding equipment market is expected to grow at a CAGR of 4.1% in the evaluation period (2023 to 2033). The food holding equipment market is projected to reach a valuation of US$ 5,679.2 Million by the end of 2033 from US$ 3,800 Million in 2023.

A commercial kitchen’s performance is based on a large number of variables, but keeping advanced food equipment is paramount. Commercial holding equipment is used in full-service and quick-service restaurants to keep food at the ideal serving temperature and preserve its freshness. Over the past two decades, the restaurant industry has continually grown, thereby creating new opportunities for leading players in the commercial food holding equipment market.

Expanding restaurant industry and rising number of supermarkets & delis around the world are projected to boost the global food holding equipment market in the next ten years. Digital innovations are expected to be a significant revenue and consumer retention driver in the assessment period.

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Apart from that, customer loyalty programs launched by restaurants would allow them to enhance and personalize their interactions with customers. They can easily gain access to the information by utilizing point-of-sale orders, as well as online and mobile ordering. Integration of this crucial data would further help cafes & restaurants to generate customized rewards based on their ordering habits in addition to promotions and discounts.

Key Takeaways from the Food Holding Equipment Market Study:

  • During the historical period from 2018 to 2022, the global food holding equipment market witnessed steady growth at a CAGR of 2%.
  • The U.S. food holding equipment market is estimated to be worth US$ 681.0 Million and account for nearly 56% of the North America market during the evaluation period.
  • The U.K. is expected to be valued at nearly US$ 491.0 Million and account for 34% of the Europe food holding equipment market share in the forecast period.
  • China is set to be worth over US$ 313,5 Million and account for 33% of the Asia Pacific food holding equipment market share in the assessment period.
  • The food holding equipment market is expected to rise at a CAGR 1% in the forecast period.

Competitive Landscape: Food Holding Equipment Market

Some of the key players in the global food holding equipment market are Dover Corporation, Welbilt Inc. (Manitowoc Foodservice, Inc.), Illinois Tool Works Inc., Hatco Corporation, and Victor Manufacturing Ltd.

North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America food holding equipment market is expected to increase in the next ten years due to the presence of a favorable legal and regulatory environment.

Key Companies Profiled:

  1. Dover Corporation
  2. Welbilt Inc. (Manitowoc Foodservice, Inc.)
  3. Illinois Tool Works Inc.
  4. Hatco Corporation
  5. Ali Group S.r.l.
  6. MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG
  7. Al-Halabi Refrigeration & Steel LLC
  8. Fujimak Corporation
  9. Duke Manufacturing
  10. Conagra Brands

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Food Holding Equipment Market Segmentation:

By Product Type:

  • Holding Cabinets
  • Proofing Cabinets
  • Refrigerators & Chillers

By End User:

  • Full-Service Restaurants
  • Quick Service Restaurants
  • Hotels
  • Airports
  • Railways
  • Hospitals
  • Schools
  • Supermarkets & Delis

By Region:

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

Explore FMI’s Extensive Ongoing Coverage of Process Automation Market Insights

Food Holding and Warming Equipment Market Size: The Market is expected to be valued at US$ 4.9 billion in 2023. Increasing focus on food quality and safety, bolsters the overall scope for food holding and warming equipment market, which is projected to grow at a CAGR of 3.2% between 2023 and 2033, totaling around US$ 6.7 billion by 2033.

Holding and Proofing Cabinets Market Overview: The Global Market is expected to be worth US$ 3,800 million in 2023. Future Market Insights reports say that the market will expand at a projected to grow at CAGR of 4.1% between 2023 and 2033, totaling around US$ 5,679.2 million by 2033.

Steam Tables and Food Wells Market Growth: The Market is expected to be valued at US$ 742.2 million in 2023. Increasing demand for customizable and modular equipment bolsters the overall scope for the steam tables and food wells market, which is projected to grow at a CAGR of 2.7% between 2023 and 2033, totaling around US$ 968.8 million by 2033.

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.

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
LinkedInTwitterBlogs | YouTube