Market Research Blog – Page 3336 – New Product Development

Innovative Solutions on the Horizon: Global Systemic Lupus Erythematosus SLE Drugs Market Poised for Significant Growth to US$ 329.18 Billion by 2032

The global systemic lupus erythematosus (SLE) drugs market is on a trajectory of remarkable growth, poised to witness a steady ascent over the forecast period. Projections indicate a substantial Compound Annual Growth Rate (CAGR) of 5% until 2032, catapulting the market from its 2020 valuation of US$ 183.3 billion to a staggering US$ 329.18 billion by 2032.

This anticipated expansion reflects the persistent demand and advancements within the systemic lupus erythematosus drugs sector, fueled by ongoing research, development, and evolving healthcare requirements. Systemic lupus erythematosus, a chronic autoimmune disease affecting multiple organs, has underscored the imperative for innovative drugs and therapeutics to address its complexities.

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“The forecasted surge in the systemic lupus erythematosus drugs market underscores a promising future, marked by innovative advancements and a collective dedication to addressing critical healthcare concerns,” remarked a spokesperson from the industry.

Systemic lupus erythematosus, characterized by the immune system mistakenly attacking healthy body tissue, manifests with a spectrum of symptoms affecting various bodily systems, ranging from joints to organs, eyes, skin, and more. The disease’s fluctuating nature, alternating between flare-ups and remissions, poses challenges, with severity ranging from mild to life-threatening.

Despite the complexity of SLE, pharmaceutical entities have intensified their research and development efforts, with a commitment to delivering enhanced solutions and therapies aimed at improving patient outcomes and quality of life. Currently, while only two biologic agents have gained FDA approval for SLE treatment, synthetic drugs remain the cornerstone of therapy, with azathioprine and mycophenolate mofetil emerging as drugs of first choice.

Moreover, hydroxychloroquine stands out as an anchor drug in SLE treatment, owing to its multifaceted beneficial effects.

“The commitment of stakeholders, including researchers, healthcare providers, and pharmaceutical entities, underscores a shared dedication to advancing treatment modalities and ensuring better disease management,” added the spokesperson.

As the systemic lupus erythematosus drugs market prepares for unprecedented growth, the industry remains steadfast in its mission to address unmet medical needs and usher in a new era of innovative solutions for patients worldwide.

Systemic Lupus Erythematous (SLE) Drugs Market: Drivers & Restraints

Global Systemic Lupus Erythematous (SLE) Drugs market is projected to grow due to high prevalence of autoimmune diseases particularly systemic lupus erythematous (SLE). Major drivers for global systemic erythematous drugs market are development of novel SLE therapies, increasing availability of bio similar drugs and increasing support for emerging research areas for new drug molecules. At the same time, increasing awareness of disease diagnosis and treatment as well as consistent research and development processes for novel drug molecules are important drivers for global lupus erythematous market.

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Additionally, safety and quality of systemic lupus erythematous controlling therapy may possibly be a challenge for the growth of the global systemic lupus erythematous drugs market. Moreover, numerous public awareness programs targeted to increase awareness levels are also being accompanied. For instance, Lupus Foundation of America (LFA) has been implementing various projects to increase central support for SLE research and services to support people and families affected by SLE. However, serious side effectswith steroids, sensitivity with antibiotics, limited usage of Benlysta for severe SLE patients, and stringent regulatory approvals for new treatment options with better levels of efficacy and safety are obstructing the global systemic lupus erythematous drugs market.

Key companies profiled:

Anthera Pharmaceuticals BMS, GSK, ImmuPharma, Merck Serono, UCB, Amgen, HGS, Immunomedics, Johnson and Johnson, MedImmune, Sanofi, Teva Pharmaceutical Industries.

Key Segments:

By Drug Classes:

NSAIDs
Corticosteroids
Antimalarials
Immunosuppresants
Biologics

By Route of Administration:

Oral
Intravenous
Subcutaneous

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.

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3D Mobile Theater Market on Track to Exceed US$ 60 Billion by 2032 | FMI

The 3D mobile theater market is predicted to strengthen its hold in the market at a promising CAGR of 7.5% during the projection term (2022 to 2032). The global market holds an estimated revenue of US$ 31 Billion in 2022 and is likely to cross US$ 60 Billion by the end of 2032.

The 3D mobile theater market is projected to exhibit lucrative growth opportunities during the forecast period and increasing the 3D mobile theater market share.

The 3D mobile theatre is one of the first adjustable head-mounted displays. It is like a helmet that has a screen for watching movies. The aim of 3D mobile theatre is to create a better movie-watching environment. In addition, there will be noise-canceling headphones in the new 3D mobile theatre that is likely to create a positive impact on 3D mobile theatre sales globally. The product development research and development is being upgraded to a new set of 3D mobile theaters.

The new era of 3D mobile theaters has introduced specialized tools for volume and light, and this helps to intensify the rivalry and forces the sales of 3D mobile theaters.

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What are the Key Drivers and Restraints to the 3D Mobile Theater Market?

Demand from consumers for portable and personalized gadgets is the primary driver of the market. The rapid technological advancement and high adoption rate of smartphones have fueled the growth of the 3D mobile theater market. Exploration of the 3D mobile theaters market is also driven by huge investments from government and private ventures, pushing the demand for 3D mobile theaters.

However, the 3D mobile theater market is anticipated to be influenced adversely by its high cost. Also, the 3D mobile theater will lead to side effects on human health, such as headaches, dizziness, and nausea. This pushes the sales of 3D mobile theaters.

Which is the Biggest for 3D Mobile Theater Market?

The 3D mobile theater market is categorized as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa (MEA).

There is a higher rate of adoption of 3D mobile theater in North America, with higher adoption for VR and AR technologies. Europe is also forecasted to have massive adoption of VR & AR technologies and bud-up start-ups, creating a potential market for 3D mobile theater.

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How is East Asia and Latin America Contributing to Growth of the 3D Mobile Theater Market?

East Asia’s 3D mobile theatre business is being boosted by infrastructure upgrades and favourable government legislation. The market for 3D mobile theatres in Latin America and South Asia is predicted to develop as people’s living standards rise and their disposable income rises.

The 3D mobile theater market in the Middle East and Africa (MEA) is estimated to grow significantly due to the higher adoption rate of trending technologies and gadgets and the changing lifestyle of the population.

Which are the Key Competitors of 3D Mobile Theater Market?

The key players of the 3D Mobile theater market are focusing on mergers and collaborations that are fueling the sales of 3D Mobile theater. Also, companies focus on using better visual and audible quality with new strap options.

Key players in the 3D mobile theater market include

Sony Corporation
Royole
Facebook
Google
Microsoft
Magic Leap
HTC
Samsung
WorldViz
Unity Technologies
Nvidia
Avegant Corporation
GOOVIS USA Inc
BOBOVR
Xiaomi Corporation and Cinera

Recent Market Development:

Royole has launched its royole mood 3D mobile theater that provides FHD resolution and hi-fidelity noise cancelling headphones. This pushes the sales of 3D mobile theatres.

HTC has also introduced its HTC Evo 3D that claims to have a unique sound quality and vivid lights, increasing the competition in the market and pushing the sales of 3D mobile theater worldwide.

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Takeout Market to Reach US$ 4 Trillion by 2032 Growing urbanization, online ordering, and busy lifestyles fuel takeout market growth

Restaurant Takeout Market With the restaurant takeaway market is expected to increase at a compound annual growth rate (CAGR) of 8.3% between 2022 and 2032, from US$ 2,199.4 billion in 2022 to US$ 4,024.9 billion in 2032.

A few of the service patterns and fleet types that have become more commonplace recently are curbside pickup, delivery from robotic warehouses, and delivery from retailers. The global restaurant takeout business may have been impacted by the Covid-19 outbreak.

The takeaway restaurant industry presents significant market potential and intense competition, thus food producers such as grocery shops and restaurants must stay abreast of these trends.

The fast-food chain proliferation, global internet usage, rising household restaurant takeaway spending, and greater urbanization have all contributed to the rise of the restaurant takeaway industry, along with other significant trends and opportunities.

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The restaurant takeout market is on an upward trajectory, with a projected Compound Annual Growth Rate (CAGR) of 8.3% from 2022 to 2032, reaching a staggering US$ 4,024.9 billion by 2032 from US$ 2,199.4 billion in 2022. Despite the challenges posed by the Covid-19 pandemic, innovative service patterns like curbside pickup, delivery from robotic warehouses, and in-store delivery have fueled the industry’s growth.

Urbanization, global internet usage, the proliferation of fast-food chains, and increased household spending on restaurant takeout contribute significantly to this boom. Emerging multicultural populations, online media use, and market consolidation are driving adoption trends and shaping the future of the restaurant takeout market.

Key Takeaways:

Europe holds a 19.7% market share in the restaurant takeout industry.
Independent foodservice dominates with a 62.5% market share in the business type category through 2032.
East Asia commands a significant 31.2% market share.
The platform-to-consumer segment is expected to outperform the purchase model category by 2032.
North America boasts a 23.3% market share, while Latin America holds 8.9%, and South Asia dominates with 11.3%.

Emerging multicultural populations, increased use of online media, online market place convenience, and restaurant takeout market consolidation are some of the restaurant takeout market adoption trends and restaurant takeout market future trends.

Barriers to entry into the restaurant takeout market are due to high logistical complexities, as well as the time-consuming development and implementation of systems that accept orders online, which are among the major challenges in the restaurant takeout market and restaurant takeout market key trends and opportunities.

For newcomers to the restaurant takeout market, getting things up and running can be very costly and time-consuming, which influences the emerging trends in the restaurant takeout market.

Competitive Landscape:

New market research report on restaurant takeout shows that the legacy players in the restaurant takeout market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the restaurant takeout market key trends & opportunities.

The restaurant takeout market is dominated by Denny’s, Bob Evans, Biscuitville, Another Broken Egg Café, The Original Pancake House, First Watch, Village Inn, Huddle House, Perkins, Manchu Wok, HuHot Mongolian Grill, Mama Fu’s, Panda Express, Spaghetti Warehouse, Fazoli’s,appadeaux Seafood Kitchen.

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Recent Development in the Restaurant Takeout Market:

In partnership with Beyond Meat, KFC (Yum! Brands, Inc.) became the first national U.S. quick service restaurant to test plant-based chicken in 2019. In collaboration with Beyond Meat, KFC introduced “Beyond Fried Chicken,” a plant-based chicken that debuted in a limited test series.
In 2019, Dubai retailer Marka announced the opening of its first Deli Kitchen Restaurant in Dubai’s Design District, with the goal of providing free delivery to the Design District’s offices via WhatsApp ordering.
Google announced in July 2020 that it had begun testing food delivery services in India, allowing customers to place orders directly through Google’s search engine. Dunzo, a third-party platform in the process of upgrading its systems, is expected to deliver. The feature is already available in the United States at orderfood.google.com, and users can use voice assistants to place orders.

Key Segments

By Meal Type:

Breakfast
Brunch
Lunch
High Tea
Dinner

By Nature:

Vegetarian
Non Vegetarian
Vegan

By Payment Type:

Cash
Debit Cards
Credit Cards
Digital Wallets
Electronic Bank Transfers

By Business Type:

Chained Foodservice
Independent Foodservice

By Purchase Model:

Direct-To-Consumer
Platform-To-Consumer

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Emerging Countries

Frequently Asked Questions

What is the CAGR of the Restaurant Takeout Market?
Which is the Leading Region in the Restaurant Takeout Market?
Which Segment Leads in the Restaurant Takeout Market by Business Type?
What is the Growth Estimated for the Restaurant Takeout Market by 2032?
Which are the Top 3 Leading Countries in the Restaurant Takeout Market?

Recent Developments:

In 2019, KFC partnered with Beyond Meat, testing plant-based chicken, a pioneering move in the quick-service restaurant industry.
Dubai’s retailer Marka opened a Deli Kitchen Restaurant in 2019, offering free delivery via WhatsApp ordering.
Google initiated food delivery services in India in 2020, allowing orders through its search engine, showcasing the industry’s tech-driven evolution.

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The Booming Soft Touch Polyurethane Coatings Market: with 9% Annual Growth by 2033

According to Future Market Insights, the soft touch polyurethane coating market size is expected to reach US$ 7,361.85 million by 2023 and US$ 17,429 million by 2033, growing at a 9% CAGR. Polyurethane coatings are used extensively in coating interior components in automobiles and aircraft such as armrests, front control panels, door trims, and door surrounds to protect them from constant wear and tear. In the upcoming years, soft-touch polyurethane coatings will become increasingly popular as ABS plastics are used to make automotive interiors.

Mobile phones and laptops also benefit from their scratch resistance and improved appearance. Due to characteristics such as aging resistance, scratch resistance, and abrasion resistance, soft-touch polyurethane coatings are becoming more popular with high-quality covers. A combination of increased electronics production in various countries and strict regulations targeting VOC emissions has pushed up emissions. Luxury and rich interiors are becoming increasingly popular among car enthusiasts which will further create a market for soft touch polyurethane coating in the market.

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SAMR (State Administration for Market Regulation) and the Standardization Administration of the People’s Republic of China have developed new standards to limit the use of VOCs and a wide range of chemicals in adhesive manufacturing. ICEA estimated that there will be 829 million smartphone users in India by 2022. Hence, smartphones would be better protected, resulting in increased demand for cases and covers, thereby driving demand for soft touch polyurethane coatings.

Key Takeaways

Increasing infestations of insects among American households and a vibrant woodwork and furniture industry in North America is forecast to drive the soft-touch polyurethane coating market in the region at a CAGR of 6% during the assessment period.
UV soft touch polyurethane coatings, with their chemical inertness and environmental friendliness, are expected to grow at a CAGR of more than 8.5% over the forecast period.
The Japanese and South Korean markets are predicted to hold over 18% of the global market share by 2023.
Transport and automotive industries are expected to account for over 41% of global soft touch polyurethane coatings sales
The European soft touch polyurethane coatings market is forecast to grow 6.1% CAGR between 2023 and 2033.
A major market share of over 19% will be held by Japan by 2023.

“A rise in premium electronic product production and increasing interest in aesthetic coatings for automobiles will drive the demand for soft touch polyurethane coatings in the market.,”, says an FMI analyst.

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Competitive Landscape

The soft touch polyurethane coatings industry focuses on inorganic and organic strategies to expand and break into new markets. Among these strategies are mergers and acquisitions, partnerships, and new product launches.

The key industry players are:

RPM International Inc.
The Sherwin Williams Company
PPG Industries Inc.
Axalta Coating Systems Ltd.
Jotun AS
AkzoNobel N.V.
Aexcel Corporation
Sokan New Materials.
Huntsman International LLC
DuPont

Market Developments Include:

In March 2023, Ingevity Corporation will show its high-performance polyol Capa® Caprolactone technology as a new vegetable oil-based option, which can be used to improve coating formulations at the European Coating Show 2023. Engineered polymers team at Ingevity will show how Capa polyols can be applied in both solid coatings and waterborne coatings. The study will focus on the benefits of polycaprolactone-based polyols used in 2K polyurethane coatings presented by Amanda Tosh, coatings application manager at Ingevity

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Halal Food Market Up to US$ 3.2 Trillion by 2033 Rising Muslim population and interest in ethical, healthy halal products drive market expansion.

The halal food market size is expected to exceed US$ 1,291,429.8 million in 2023 and is probably going to reach a US$ 3,229,805.32 million valuation by 2033. From 2023 through 2033, the market share of halal food is anticipated to grow at a CAGR of 9.6%.

It is anticipated that the halal food industry will grow from US$ 1.2 trillion in 2023 to US$ 3.2 trillion in 2033. Because halal-certified cosmetics and personal care items are seen as healthy, safe, and ethically sourced, they are attracting non-Muslim customers and bridging cultural gaps. As a result, the company is expanding outside its usual clientele.

Halal cosmetics and personal hygiene products aid in bridging cultural gaps. Consumers who are not Muslims are becoming more conscious of the ethical and visual standards for halal goods. Because of non-Muslim consumers’ desire for halal products because of their perceived safety, ethical sourcing, and nutrient profiles, the market is growing beyond its normal client base.

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The demand for natural and organic products around the world and the halal beauty market are closely tied. Many halal personal care businesses place a premium on using unadulterated, natural goods as opposed to synthetic ones. This is consistent with customers’ growing choice for beauty and grooming products that are health-conscious. Given the parallels between halal and natural/organic goods, a market segment that caters to consumers who are health-conscious is growing.

Leading companies in halal beauty place the highest importance on research and development (R&D). They invest a lot of resources into developing revolutionary product formulations that adhere to halal rules and suit the unique needs of a variety of clients. This commitment to R&D results in a continual supply of new, improved halal personal care and cosmetic products, keeping the market dynamic and responsive to altering customer trends.

More and more brands are offering customizable and adaptable halal beauty and personal care products. Customers may now customise products to suit their preferences, skin types, and concerns thanks to this trend. Customers who are looking for products that match their unique needs are drawn to customization and personalization, which also helps the industry grow by improving the consumer experience.

Key Takeaways from the Halal Food Market Report

The global market size stood at US$ 1,098,216.6 million in 2018.
The market expanded at a CAGR of 3.1% from 2018 to 2022.
In 2022, the global market size stood at US$ 1,241,759.4 million.
In 2022, the conventional segment gained 87.9% of the global halal food market shares.
In 2022, the meat, poultry, and seafood segment captured 56.4% of the halal food market shares.
In 2022, the food and beverages segment held 44.5% of the global halal food market shares.
In 2022, India’s halal food market expanded at a CAGR of 7.3%.
In 2022, The United States’ halal food market thrived at a CAGR of 13.4%.
In 2022, the halal food market in the United Kingdom rose at a 10.2% CAGR.

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Halal Food Market Segmentation

By Nature:

Organic
Conventional

By Product Type:

Meat, Poultry, and Seafood
Dairy Products
Fruits, Nuts and Vegetables
Fats, Oils and Waxes
Grains and Cereals
Beverages
Others

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Infant Formula
Animal Feed Industry
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Recent Developments in the Halal Food Market

To support Saudi Arabia’s aim to become a hub for halal food products worldwide, a new program was launched in August 2023 to accelerate the expansion of the halal food industry in the Kingdom. The Saudi Exports Development Authority and the Halal Products Development Co. have signed a strategic collaboration agreement to launch the Halal Products Manufacturing Accelerator Program.
In April 2023, Delivery Hero—the leading local delivery service in the world—announced Bekal by Foodpanda, a new service that guarantees end-to-end halal deliveries for consumers in Malaysia. This is the only delivery fleet in the entire country to have received halal certification, making it the first global brand in the Delivery Hero family to do so. Bekal by Foodpanda will only provide food from halal-certified vendors on the Foodpanda platform using a halal-certified delivery fleet with loyal riders.

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

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Ammonium Sulphate Market to Boom at 7.5% CAGR: Fertilizer Demand, Biopharma & Food Industries Drive Growth

A recently published study by FMI expects the global ammonium sulphate market to augment at a 7.5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 6.18 Billion is expected for the market. The demand for ammonium sulphate is growing owing to its increasing usage in the agricultural sector. Moreover, application of ammonium sulphate has found a place in the biopharmaceutical and cake and confectionery industries too. This, in turn, is positively influencing the growth of ammonium sulphate market.

From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 5% and closing at US$ 2.79 Billion. The COVID-19 pandemic affected the demand for ammonium sulphate positively as the same is widely used in the production of disinfectants and surface cleaners. In addition, modification of ammonium sulphate for maximizing the use of the same is creating opportunities for the market.

The increasing use of ammonium sulphate in Europe for water retention purposes and for agriculture in Asia Pacific is further contributing to the market growth. Furthermore, the use of ammonium sulphate for wood preservation and soil retention is favoring the growth of the market. In the upcoming years, the dependency on ammonium sulphate is expected to increase by end user industries owing to its multi-purpose use.

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Key Takeaways from the Market Study

By production process, caprolactam is expected to hold 40% market share for ammonium sulphate in 2022.
North America is expected to hold 45% for ammonium sulphate market in 2022.
Asia Pacific is expected to possess 40% of market share for global ammonium sulphates market in the assessment period 2022-2032.
Europe is expected to procure 35% of market share for ammonium sulphates market in the forecast period 2022-2032.

“The increasing use of ammonium sulphate in end user industries especially in the agricultural sector by different geographical locations is increasing the demand for the same.” says an FMI analyst

Market Competition

Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG

In August 2022, JSC “Grodno Azot” announced that it will be partially limiting the production of nitrogen fertilizer due to the increase in prices of natural gas.
DOMO Chemicals, a key player in the ammonium sulphate market is focusing on producing the same sustainable and reducing their overall carbon footprint.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global ammonium sulphate market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Production (Process Caprolactam, Coke Oven Gas, Gypsum, and Neutralization & Others) across five major regions (North America, Latin America, Europe, Asia Pacific and 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 ~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 Neurodegenerative Disease Market Expected to Reach US$ 92 Billion by 2032, Reveals Market Study

As per the latest market study conducted by Future Market Insights, the global neurodegenerative disease market is poised for significant growth, projecting a Compound Annual Growth Rate (CAGR) of 7%. The market is expected to surge from US$ 43.7 billion in 2021 to a staggering US$ 92 billion by 2032.

Neurodegenerative diseases, characterized by the progressive degradation and dysfunction of the nervous system impacting motor abilities, cognitive function, and overall quality of life, represent a substantial burden on patients, caregivers, and healthcare systems worldwide. Alzheimer’s disease, Parkinson’s disease, Huntington’s disease, amyotrophic lateral sclerosis (ALS), and multiple sclerosis (MS) are among the most prevalent neurodegenerative illnesses, posing significant challenges for diagnosis, treatment, and management.

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The comprehensive market study delves into the competitive landscape of the neurodegenerative disease market, examining each competitor’s local networks, innovative product launches, market penetration strategies, production methodologies, and revenue generation models. Additionally, insights into player mergers and acquisitions, along with market strategies, are elucidated in the report.

“The neurodegenerative disease market is witnessing remarkable growth driven by advancements in diagnosis, treatment modalities, and increased awareness about neurological disorders,” stated a spokesperson from Future Market Insights. “Our research analyzes market trends in terms of volume, value, production, and consumption, while also forecasting future developments across various categories, end uses, geographical regions, and competitive landscapes.”

Key highlights of the market study include:

Forecasted CAGR of 7% for the global neurodegenerative disease market, reaching US$ 92 billion by 2032.
Examination of competitive strategies, including product launches, market penetration, and revenue generation models.
Insights into prevalent neurodegenerative diseases such as Alzheimer’s, Parkinson’s, Huntington’s, ALS, and MS.
Analysis of market trends, including mergers and acquisitions, to provide actionable insights for stakeholders.

Future Market Insights’ comprehensive report on the neurodegenerative disease market offers valuable insights for industry stakeholders, including pharmaceutical companies, healthcare providers, investors, and policymakers. By understanding market dynamics and emerging trends, stakeholders can make informed decisions to capitalize on growth opportunities and address the evolving needs of patients worldwide.

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The neurodegenerative disease market has seen substantial growth in recent years due to several factors:

Increasing prevalence: Neurodegenerative diseases are becoming more prevalent globally, mainly due to aging populations and improved diagnostics that enable earlier detection.
Research advancements: There has been significant progress in understanding the underlying mechanisms and risk factors associated with neurodegenerative diseases. This knowledge has fueled the development of new therapeutic targets and potential treatments.
Technological advancements: Advancements in imaging techniques, biomarker identification, genetic testing, and molecular biology have enhanced disease diagnosis and monitoring, enabling early intervention and personalized treatment approaches.
Drug development: Pharmaceutical companies are actively involved in the development of novel therapies and treatments for neurodegenerative diseases. This includes disease-modifying drugs aimed at slowing or halting disease progression, as well as symptomatic treatments to manage symptoms and improve quality of life.
Supportive care and management: Alongside drug development, there is a growing emphasis on providing comprehensive care and management strategies for individuals living with neurodegenerative diseases. This includes rehabilitation programs, assistive technologies, and supportive services for patients and their caregivers.

The neurodegenerative disease market comprises a wide range of stakeholders, including pharmaceutical companies, biotechnology firms, medical device manufacturers, research institutions, healthcare providers, and patient advocacy groups. Collaboration among these stakeholders is crucial to drive innovation, accelerate clinical trials, and improve patient outcomes in the field of neurodegenerative diseases.

Neurodegenerative Disease Market Players:

Novartis
Pfizer
Merck Serono
Biogen Idec
TEVA Pharmaceuticals Industries
UCB
Boehringer Ingelheim
Sanofi S.A.
GlaxoSmithKline

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Neurodegenerative Disease Market: Segmentation

Based on Drug class, the global Neurodegenerative disease market is segmented into the following:

NMDA
SSRIs
Dopamine Inhibitors

Based on Indications, the global Neurodegenerative disease market is segmented into the following:

Parkinson’s disease
Huntington disease
Amyotrophic Lateral Sclerosis
Alzheimer’s disease

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
Eastern Europe (Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa)

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Surge in Electric Vehicles Drives Demand for Non-Halogenated Flame Retardants Market to Reach US$ 6.9 Billion by 2032

The global non-halogenated flame retardants market size is anticipated to create lucrative growth opportunities by exhibiting a robust CAGR of 6.2% over the projection period from 2022 to 2032. The market size is expected to be valued at around US$ 3,787.1 Million in 2022 and is projected at around US$ 6,911.1 Million by the end of 2032.

According to the historic period, the global demand for the non-halogenated flame retardants market grew at a phenomenal CAGR of 6.5% CAGR between 2015 and 2021. Consumption is predicted to surge at a total market value of US$ 6,911.1 Million in 2032. Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames. In addition to that, plastic components of vehicles ought to have strong frame retardant characteristics in order to lessen fire hazards that are majorly created by vehicle heat generation.

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Growth in the construction industry and surging urbanization are expected to bolster growth in the global non-halogenated flame retardants market. In addition to that, the surging use of plastics in the automotive & transportation, electrical equipment, and consumer electronics industries is expected to drive the non-halogenated flame retardants market.

Key Takeaways

On the global level, the electrical and electronics business is expected to bolster due to the rising demand for end users. On the basis of the electrical and electronics sector, plastics are widely applied to printed circuit boards, electronic housing & components, wire & cable, switches, and connections.
These days, flame retardants are considered to be essential components in their manufacturing, that protect such items from fire caused by resistive heating or joule heating. Electronic garbage and other hazardous products associated with it have extracted more attention during the last decade.
Surging investments in the electronics sector, particularly in India and East Asian regions are anticipated to augment growth in the non-halogenated flame retardants market. The electronics industry is immensely gaining traction all over the world since several companies in the field of flame retardants are targeting this sector owing to significant opportunities.
Government rules rotating around vehicle emission management, combined with favorable features of modern plastics are expected to drive original equipment manufacturers (OEMs) to utilize plastic materials in the production of automotive parts.
In the past few years, utilization of plastic components in the automotive industry has surged attributing to the use of plastic components in the automobile industry increased due to the material’s various features such as high durability, corrosion resistance, toughness, design flexibility, and resilience.
Widespread awareness about reducing carbon dioxide emissions is expected to surge fuel economy. It has been anticipated that an average car employing plastic composites accounts for around 10% to 15% of the car’s overall weight. Since plastics are considered lighter than their metal equivalents, they tend to increase fuel efficiency impeccably.
As per FMI projections, a 10% decrease in vehicle weight saves 5-7% on gasoline. Therefore, there is a possibility to cut carbon dioxide emissions by 20 kg for every kilogram of vehicle weight reduction.

Competitive Landscape

Prominent players in the non-halogenated flame retardants market are concentrating on the widespread expansion of their production capacities owing to significantly rising demand for the product in medical applications and tire production. In addition to that, to improve their global presence, dominant market players are investing in acquisitions and collaboration activities to expand their market presence and consumer base, as well as strengthen their distribution networks.

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More Insights into the Non-Halogenated Flame Retardants Market

The U.S. is anticipated to remain the dominant country over the projection period as it accounts for around US$ 6,911.1 Mn by the end of the forecast period and exhibits growth at a CAGR of 6.2% during the assessment period.

California, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New York, Oregon, Rhode Island, San Francisco (California), Vermont, Washington, and Washington, D.C. are just a few of the states in the U.S. that have put strict regulations in place to control the use of flame retardants in consumer products.

China is the second largest consumer and producer of synthetic rubber. The China non-halogenated flame retardants market is estimated to grow at a robust CAGR of 7.3% between 2022 and 2032. Growth in the Chinese market is driven by rapid advances in the Chinese healthcare industry over the projection period.

Top Key Players in the Market

Clariant International Limited
Albemarle Corporation
Israel Chemical Limited
Italmatch Chemicals S.p.A
Chemtura Corporation
Nabaltec AG
FRX polymer Inc.
Huber Engineered Materials
Amfine Chemical Corporation
THOR Group Limited
BASF SE.
Huber Engineered Materials
Lanxess AG

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Cultivated Meat Market Rising concerns about sustainability and consumer interest in healthy, ethical protein sources fuel market growth

The cultured meat market has reached a notable peak in 2023, rising from US$ 2.1 billion in 2022 to US$ 2.3 billion. Forecasts for 2033 are very positive, with revenues expected to reach US$ 8.2 billion, fueled by a 13.5% compound annual growth rate from 2023 to 2033.

The primary drivers of the notable rise in cultured meat are the public’s rising awareness of environmental sustainability and the industry’s desire to address the problems brought on by conventional animal rearing. Due to the substantial greenhouse gas emissions, deforestation, and water consumption associated with cattle raising, consumers are becoming more conscious of the effects the industry has on the environment. The demand for more sustainable, alternative protein sources is rising as a result. The manufacturing of cultured meat offers a potential replacement for conventional beef because it utilizes fewer resources and emits fewer emissions.

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While the cultured meat industry holds significant promise, it faces several challenges and restraints. One of the primary concerns is the high production cost associated with scaling up cultured meat production. Currently, producing cultured meat at a competitive price remains a hurdle for many companies. Additionally, regulatory approvals and consumer acceptance pose potential roadblocks. As cultured meat is a relatively new concept, gaining regulatory approval in various countries can be time-consuming and complex. Moreover, winning over consumers accustomed to traditional meat products and ensuring that cultured meat meets their taste and quality expectations is crucial for industry growth.

Despite the challenges, the cultured meat industry presents numerous opportunities. One of the most significant opportunities lies in meeting the increasing global demand for protein. As the world’s population continues to grow, traditional meat production methods may struggle to keep up with demand. Cultured meat offers a sustainable and scalable solution to bridge this gap, potentially revolutionizing the protein industry. Moreover, the rise of health-conscious and ethically-driven consumers creates a market segment that is receptive to cultured meat products. Companies offering healthy, eco-friendly, and cruelty-free meat alternatives stand to gain a competitive edge.

The diversification of cultured meat products is gaining momentum. Beyond traditional meat cuts, companies are exploring the creation of cultured seafood, such as shrimp and fish, catering to a broader range of consumer preferences. Secondly, the focus on cost reduction through process optimization and innovative production methods is intensifying. Researchers are working on improving cell culture efficiency and reducing production costs, making cultured meat more economically viable. The development of hybrid products, blending cultured meat with plant-based ingredients, is on the rise. These products aim to provide the taste and texture of conventional meat while reducing the environmental footprint.

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Key Takeaways from the Cultured Meat Market:

Poultry cultured meat claims a substantial 42.1% market share in 2023.
The food services industry dominates with a 49% market share in 2023.
The United States commands a notable 24.6% value share in 2023.
Germany secures an 8.4% value share of the cultured meat market in 2023.
Japan holds a 4.1% value share in the cultured meat market for 2023.
Australia captures a 2.4% value share in the cultured meat market for 2023.
China commands a significant 13.2% value share in the cultured meat market for 2023.

Key Players and Strategies for Success in the Cutting-Edge Cultured Meat Market

The competitive landscape of the cultured meat industry is characterized by a dynamic mix of established players and innovative startups. Leading companies, such as Beyond Meat, Impossible Foods, and Memphis Meats, have paved the way for this industry by introducing plant-based and cell-based meat alternatives that resonate with changing consumer preferences.

In recent years, there has been a surge in investment and collaboration within the industry, with venture capital firms and major food conglomerates entering the fray. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach.

Furthermore, regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), have been actively engaged in shaping the regulatory framework for cultured meat products. This involvement is expected to provide clarity and confidence to both consumers and industry players regarding safety and labeling standards.

As the cultured meat market continues to evolve, competition is intensifying, leading to ongoing innovation in product development, production processes, and distribution channels. Market participants are also focusing on addressing challenges related to cost-effectiveness and scalability to ensure that cultured meat products become more accessible to a broader consumer base.

Key Segments of the Cultured Meat Market

By Meat Type:

Poultry
Pork
Beef
Seafood
Others

By Application:

Food Services Industry
Pet Food Industry
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Key Developments in the Market

In June 2023, the US Food and Drug Administration (FDA) approved the sale of cultured chicken products from Upside Foods and Good Meat. This was a major milestone for the cultured meat industry, as it was the first time that cultured meat had been approved for sale in the United States.
In March 2023, Steakholder Foods announced that it had signed a memorandum of understanding with a food technology company to develop and commercialize cultured meat products. This is a significant development, as it shows that major food companies are starting to take an interest in cultured meat.
In February 2023, the Japanese government announced that it would invest US$ 100 million in the development of cultured meat. This is a major boost for the cultured meat industry in Japan, which is seen as a potential leader in this field.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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 Disposable Medical Sensors Market Poised for Exponential Growth, Forecasted to Reach US$ 15.31 Billion by 2032 | FMI

The global disposable medical sensors market is set to witness remarkable expansion, projected to soar from US$ 6.5 billion in 2021 to an estimated US$ 15.31 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 8.1%. This surge is attributed to the escalating demand for mobile scanning devices utilized in therapeutic, patient monitoring, and diagnostic procedures.

Disposable medical sensors play a pivotal role in modern healthcare, capable of detecting and transmitting vital information through electrical impulses. They facilitate real-time data acquisition crucial for patient monitoring, disease diagnosis, and treatment across various medical disciplines including cardiology, radiology, neurology, and beyond.

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The surge in chronic illnesses such as cardiovascular diseases, diabetes, and respiratory ailments, necessitating continuous care, has been a driving force behind the rapid expansion of the disposable medical sensor industry. Furthermore, the increasing demand for remote patient monitoring and home healthcare solutions has propelled market growth, fostering innovation and adoption in healthcare facilities worldwide.

Compared to reusable sensors, disposable medical sensors offer unparalleled advantages including reduced infection risk, elimination of cleaning and sterilization requirements, and enhanced cost efficiency. These factors have accelerated their integration into diverse healthcare settings including hospitals, clinics, ambulatory care facilities, and home care environments.

Disposable medical sensors provide continuous monitoring of vital signs including temperature, pulse rate, blood oxygenation level, heart rate, and breathing rate, thereby enhancing patient care and enabling timely interventions. Additionally, the market is witnessing a trend towards the development of devices for point-of-care diagnosis, painless glucose monitoring, wireless insulin delivery procedures, cancer ablation treatments, cardiac arrhythmia management, and more.

As the global healthcare landscape continues to evolve, the disposable medical sensors market remains at the forefront of innovation, driving advancements in patient care and treatment modalities.

Key Takeaways from Disposable Medical Sensors Market by 2022 to 2032:

The global disposable medical sensors market is projected to hit around USD 15.31 billion by 2032, growing at a CAGR of 8.1% during the forecast period from 2022 to 2032.
North America is expected to dominate the market throughout the forecast period, capturing more than 42% revenue share in 2022.
The diagnostic segment is projected to remain the largest application segment, accounting for more than 40% of the revenue share in 2022.

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Other key takeaways include:

The growing prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer, is driving the demand for disposable medical sensors.
The increasing adoption of telemedicine and remote patient monitoring is also fueling the growth of the market.
The rising demand for minimally invasive and point-of-care testing is driving the development of new and innovative disposable medical sensors.
The key players in the disposable medical sensors market include Abbott Laboratories, Medtronic, Johnson & Johnson, Siemens Healthineers, and Danaher Corporation.

Overall, the disposable medical sensors market is expected to witness significant growth in the coming years, driven by the increasing demand for accurate, reliable, and affordable sensors for a wide range of medical applications.

Disposable Medical Sensors Market: Key Players

Mayo Clinic and Gentag,
Sensirion AG,
Measurement Specialities,
Smiths Medical,
ST Microelectronics,
Philips Healthcare,
Medtronic,
Freescale Semiconductor, Inc.,
GE Healthcare,
Analog Devices, Inc.,
Given Imaging,
Honeywell International, Inc.
Covidien, plc

For instance, Gentag Company extended the near field communication (NFC) technology to accomplish remote patient monitoring worldwide. Freescale Semiconductor, Inc is developing lower-cost, semiconductor-based sensors with high sensitivity. The Measurement Specialities is developing customized products to satisfy patient need. Analog Devices, Inc. is collaborating with customers to accelerate the pace of innovation and produce breakthrough solutions for impossible conditions.

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Disposable Medical Sensors Market: Segmentation

Based on application

Patient monitoring
Continuous Blood Pressure Monitoring
Implantable Loop Recorder
Cardiac Monitoring Electrode
Pulse Oximeter
Smart Pill
Continuous Blood Glucose Monitoring
Diagnostics

Based on Placement Type:

Implantable sensors
Invasive sensors
Ingestible sensors
Strip sensors
Wearable sensors

Based on Type of Sensors:

Biosensors
Accelerometers
Image sensors
Pressure sensors
Temperature sensors
MR Position Sensors
Force Sensors
Humidity Sensors

Based on End User:

Hospitals
Home Care
Diagnostic Laboratories
Clinics

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