Market Research Blog – Page 3346 – New Product Development

Global Protein Crystallisation and Crystallography Industry to Reach a Startling US$3.57 Billion by 2033, Driven by a 9.6% CAGR | FMI

Global Protein Crystallization And Crystallography Industry

The Global Protein Crystallisation and Crystallography Industry are poised to reach remarkable milestones in the next years, and it is about to embark on a transformational path. The market is expected to develop rapidly and reach a significant value of US$ 1.54 billion by 2023, based on the most recent predictions.

Industry insiders foresee an unprecedented jump exceeding US$ 3.57 billion in 2033, setting the foundation for an even more extraordinary future. The industry’s remarkable growth trajectory is supported by a remarkable Compound Annual Growth Rate (CAGR) of 9.6%, which highlights its flexibility and resilience to changing market conditions.

The driving force behind this remarkable expansion is a synergy of technological advancements, dedicated research and development initiatives, and an increasing acknowledgment of the pivotal role that protein crystallization and crystallography solutions play across diverse sectors. These techniques have become indispensable in various scientific endeavors, contributing significantly to advancements in fields such as pharmaceuticals, biochemistry, and material science.

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The other factor that stimulates the growth of the crystallization and crystallography market includes increasing government grants and research and development activities in the biotechnological and pharmaceutical industries which demand the utilization of crystallization and crystallography techniques. Furthermore, the emergence of advanced technologies like X-ray-free electron lasers in the Global Protein Crystallization And Crystallography Industry increases the number of users and drives the market growth.

However, a lack of skilled and knowledgeable personnel to operate this technique will restrain the growth of this market. In addition, the high cost and time-consuming method further restrains the growth of the protein crystallization and crystallography market. Moreover, the protein crystallization method is limited to specific types of protein molecules that will also restrain the growth of the Global Protein Crystallization And Crystallography Industry.

Geographically, North America accounts for the largest market of protein crystallization and crystallography. The presence of a large number of pharmaceutical and biotechnologies companies coupled with increasing research and development activities in North America will help this region to hold a strong position in the market. Europe is considered the second-largest market for protein crystallization and crystallography.

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The growth in Europe is mainly attributed to positive initiatives from the European government coupled with increasing acceptance of protein crystallization and crystallography among people. In addition, Asia-Pacific countries such as India and China are the emerging regions for the Global Protein Crystallization And Crystallography Industry due to increasing investment by pharmaceutical and biotechnology companies in this region.

The major players competing in the Global Protein Crystallization And Crystallography Industry are

Hampton Research, Molecular Dimensions Ltd., PerkinElmer, Inc., GE Healthcare Life Sciences, Danaher Corporation, Bruker Corporation, Agilent Technologies, Inc., Hampton Research, Jena Bioscience, Rigaku Corporation, Formulatrix, Inc., MiTeGen LLC, Bruker Corporation and others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types, and distribution channels.

Global Protein Crystallization And Crystallography Industry Key Segments

By Technology:

X-ray Crystallography
NMR Spectroscopy
Cryo-electron Microscopy
Small-angle X-ray Scattering (SAXS)

By Service:

Consumables
Reagents Kits/Screens
Instruments
Software & Services

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By end user:

Pharmaceutical Companies
Research & Government Institutes
Biotechnology Companies

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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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Global Injectable Drugs Industry is expected to grow at a 5.8% CAGR and reach US$937.0 Billion by 2032 | FMI

Leading market research company Future Market Insights (FMI) has published a thorough analysis that predicts a bright future for the Global Injectable Drugs Industry. Throughout the assessment period, the estimate shows a strong Compound Annual Growth Rate (CAGR) of 5.8%, which would result in an astounding valuation of US$937.0 billion by 2032.

The industry for injectable drugs is expected to increase significantly, and this growth may be attributable to ongoing technological improvements that optimise devices for clinical situations, both acute and chronic. The clinical solutions field, historically a stronghold of innovation, has seen impressive advancements in recent years. The development of high-risk patient care and diagnostic procedures, as well as the introduction of less invasive therapies, have been crucial factors in the industry’s increasing trajectory.

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Demand for related treatments is increasing, as people are now more aware of the right treatment options, doctor-guided plans, and precautionary measures to consider for serious clinical conditions.

Key players in the Global Injectable Drugs Industry are actively seeking to gain approvals from regulatory bodies and develop products across the continuum of care in severe case recovery. Furthermore, the FDA is expected to approve new devices related to advanced injectable drugs and their administration, over the coming years.

“Increasing incidence of infectious diseases, oncological diseases, cardiac disorders and device innovation are prompting healthcare providers to incorporate new treatment regimens for improved patient outcome,” says an FMI analyst.

Global Injectable Drugs Industry Key Takeaways:

By product, monoclonal antibodies held the largest share of 5% in the global market in 2021.
Based on application, infectious diseases segment held the largest share of 4% in the global market in 2021, with the segment expected to expand at 5.7% CAGR over the forecast period.
In terms of molecule, large molecule segment held the largest share of 8% in the global market in 2021.
By route of administration, sales in the intravenous (IV) segment are expected to increase at a 3% CAGR over the assessment period.
Based on distribution channel, the hospital pharmacies segment was valued at US$ 231.0 Bn in 2021.
North America held the largest share of 5% in the global injectable drugs treatment market in 2021, owing to the growing government investments in healthcare and R&D activities.

Global Injectable Drugs Industry Competitive Landscape

Product launches and collaborations with suppliers that have a strong position and are popular in the market are some of the key strategies of the market players operating in the Global Injectable Drugs Industry. For instance:

Merck and Gilead Sciences, Inc. (Gilead) signed an agreement in March 2021 to collaborate on the development and commercialization of long-acting HIV treatments that combine Merck’s investigational nucleoside reverse transcriptase translocation inhibitor islatravir and Gilead’s investigational capsid inhibitor lenacapavir.
In March 2022, Sanofi IGM Biosciences, Inc. today announced the signing of an exclusive worldwide collaboration agreement to create, develop, manufacture, and commercialize IgM antibody agonists against three oncology targets and three immunology/inflammation targets. Engineered IgM antibodies represent a new class of potential therapeutics that combine the multi-valency of IgM antibodies possessing 10 binding sites compared to conventional IgG antibodies having only 2 target binding sites.
In February 2022, Novartis India Limited extends access to its medicines in India by signing exclusive sales and distribution agreement with Dr. Reddy’s Laboratories

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the injectable drugs market in its latest study, presenting a historical demand assessment of 2014 – 2021 and projections for 2022 – 2032.

The research study is based on the product – (monoclonal antibodies, immunoglobulin, cytokines, insulin, peptide hormones, blood factors, peptide antibiotics, vaccines, small molecule antibiotics, chemotherapy agents, and others), by application (oncology, infectious diseases, diabetes, blood disorders, hormonal disorders, musculoskeletal disorders, CNS diseases, pain management, and cardiovascular diseases), by molecule type (small molecules and large molecules), by route of administration (intravenous (IV), intramuscular (IM), and subcutaneous (SC)), by distribution channel (hospital pharmacies, retail pharmacies, drug stores, and online pharmacies), across seven key regions of the world.

Global Injectable Drugs Industry Key Players:

Pfizer Inc.
Teva Pharmaceutical Industries Ltd.
Sanofi S.A.
Sun Pharmaceutical Industries Ltd.
AstraZeneca Plc
Merck & Co., Inc.
Viatris + Mylan N.V
Cipla Inc.
Dr. Reddy’s Laboratories Ltd.
Samsung Biologics
Abbott Laboratories
Amgen Incorporated
Baxter International Incorporated
Becton Dickinson and Company
Bristol-Myers Squibb Company
GlaxoSmithKline Plc
Roche Holding Limited

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Key Segments Covered in Global Injectable Drugs Industry Research

By Product:

Monoclonal Antibodies
Immunoglobulin
Cytokines
Insulin
Peptide Hormones
Blood Factors
Peptide Antibiotics
Vaccines
Small Molecule Antibiotics
Chemotherapy Agents
Others

By Application:

Oncology
Infectious Diseases
Diabetes
Blood disorders
Hormonal Disorders
Musculoskeletal Disorders
CNS Diseases
Pain Management
Cardiovascular Diseases

By Molecule Type:

Small Molecules
Large Molecules

By Route of Administration:

Intravenous (IV)
Intramuscular (IM)
Subcutaneous (SC)

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies

Author

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

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Teak Veneer Sheet Market in USA & Canada Poised for Steady Growth: Reaching US$ 86 Million by 2033

The USA and Canada teak veneer sheet market size is expected to reach US$ 60.1 million in 2023. From 2023 to 2033, teak veneer sheet demand in the USA and Canada market will thrive at 3.6% CAGR. By 2033, total market valuation will reach around US$ 86.0 million.

Teak or Tectona Grandis is one of the renowned tropical hardwood tree species. It is durable, extremely water-resistant, and resistant to rots, pests, and others. Thus, it is widely used for building boats, yachts, outdoor furniture, and others.

Veneer sheets are thin layers of wood logs. They are used for different purposes as they maintain the same natural feel and give an aesthetic appeal to the object.

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Yacht/boat is the leading application segment. Teak veneer sheets are being increasingly used during boat/yacht building owing to their various qualities. They find applications in boat decks, cabinets, etc. Hence, widening usage of teak veneer sheets in shipbuilding applications will boost sales.

Similarly, high usage of teak sheer sheets in the building sector will elevate demand through 2033.

Teak is considered to be one of the most superior materials for interior applications. Veneer sheets made from teak are gaining wider popularity in building sector due to their various advantages.

In building & construction, teak veneer sheets are used for flooring, kitchen cabinets, staircase, pillar, and others (window frames, shower tables, bookshelves, tables, walls, and doors). It is used for interiors as it provides a premium feel.

Growing usage in home decor for aesthetic looks will uplift teak veneer sheet demand across the USA and Canada.

Key Takeaways from Teak Veneer Sheet Market Study

The USA and Canada teak veneer sheet market is set to expand at 6% CAGR through 2033.
By grade, A grade segment will generate significant revenues over the next ten years.
By application, yacht/boat segment will thrive at a steady pace through 2033.
The USA teak veneer sheet industry will reach a valuation of US$ 51.8 million by 2033.
Teak veneer sheet sales revenue in Canada is likely to reach US$ 34.3 million by the end of 2033.

“Booming building and boating industries will continue to bolster teak veneer sheet sales across the USA and Canada. Teak Veneer Sheet manufacturers will find significant opportunity in streamlining their production lines for A grade teak veneer. Not only are these of superior quality, but its functionality helps it sell for high prices for use in boats and furniture.” says a lead FMI analyst.

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Competitive Landscape

Greenlam Industries Ltd., Tank Group, GL Veneer, Inc., Oakwood Veneer Company, Natural Veneers, FormWood Industries, Lenderink Technologies Inc., Central India Veneer Private Limited, Century Ply, Sauers & Company Veneers, Veneer Technologies Inc., M.P. VENEERS PVT. LTD., Starwood Veneers Pvt. Ltd., and Duroply Industries Limited are few of the leading teak veneer sheet manufacturers profiled in the report.

These market participants are focusing on increasing their production capacities to cater to the rising demand from end users. They are also launching new products and special production techniques, as well as reducing prices to expand their customer base.

Recent Developments:

In 2020, Crown Veneer announced the expansion of their production capabilities, including the installation of a new veneer splicing line and a new veneer dryer.

It also introduced a new line of sustainable teak veneer sheets, which are produced using only FSC-certified teak from responsibly managed forests.

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.

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 Digital Barometer Industry Will Exceed US$1.46 Billion, Driven by a Sturdy 3.5% CAGR By 2032 | FMI Experts

The Global Digital Barometers Industry is poised for significant growth, with a projected worth of US$ 1.03 billion by 2022. Industry analysts anticipate steady expansion at a Compound Annual expansion Rate (CAGR) of 3.5%, pushing the industry to an astonishing US$ 1.46 billion by 2032.

Digital barometers, which are crucial equipment for detecting atmospheric pressure, have evolved significantly throughout the years. In the modern day, these devices have incorporated enhanced features, increased precision, and smaller designs, indicating a technical leap ahead.

The allure of digital barometers is steadily increasing, fueled by their modern styling, advanced features, precision, durability, and cost-effectiveness. These qualities position digital barometers as the preferred choice across diverse industries, including pharmaceuticals, research laboratories, academic institutions, and more.

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Apart from laboratories, digital barometers find application in meteorological departments for weather forecasts. Digital barometers can efficiently tell the short-term expected changes in the climate. Modern-day digital barometers are wall-mounted tablet form digital barometers which come with multi-specialties such as temperature, future forecast, time, etc.

Digital barometer display enables easy interpretation of measurements and allows computer storage of the analysis. The electronic format of digital barometers allow multiple scales for precision and sensitivity. Moreover, the digital barometers tracks the atmospheric pressure for every minute.

Global Digital Barometer Industry: Market Dynamics

Maintenance of specific atmospheric conditions are very important in research laboratories and pharmaceutical manufacturing as well as research and laboratory sites. Increasing demand for biotechnology and drug designing propel the growth of research institutes and pharmaceutical companies.

This is considered as an important driver of market. The advancements in technologies fuel the growth of digital barometers in market to develop new innovative product types with additional features and greater sensitivity in compact size with affordability. However, cheaper cost of normal barometers with same functionality make end users to not opt for digital barometers creating a restraint in global expansion of digital barometer markets.

Global Digital Barometer Industry: Overview

Advancement in the technology in digital barometer significantly spur the market of digital barometer. Based on modality, the digital barometer markets is fragmented into hand-held digital barometers, table-top digital barometers and wall-mounted digital barometers.

The hand-held digital barometers are expected to account for the largest revenue share owing to maximum adoption by research laboratories and meteorological departments. However, wall-mounted digital barometers are expected to grow with highest CAGR over the forecast period due to the incorporation of various advance features.

Based on end user, the digital barometer Industry is segmented into pharmaceutical companies, research laboratories, academic research institutes, winery and breweries, oil & gas industries, CMOs, and meteorological department.

Meteorological department and research laboratories are estimated to account for the largest market share in the terms of revenue owing to increasing number of research laboratories and higher adoption by them in the forecast period.

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Digital Barometer Industry: Region-wise Outlook

In terms of geography, the digital barometer Industry has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia- Pacific excluding & Japan (APEJ), Japan, Middle-East & Africa, and Latin America.

North America is the most dominating market and holds the largest revenue share, due to higher presence of research and academic laboratories. Increasing expenditure and funding on biotechnology and research and developmental programs are also a contributor for domination of North America in digital barometer Industry

Europe accounts for the second large revenue share in the global digital barometer Industry, owing to increasing adoption of digital barometers by end users and higher expenditure on research and development. Asia Pacific is expected to witness rapid growth in the Global Digital Barometer Industry, due to advances in technology and establishments of science research groups and laboratories.

China is expected to register significant growth, owing to presence of several local manufacturers. Latin America and Middle East & Africa are projected to exhibit slow growth in the digital barometer Industry owing to limited demand from end users over the forecast years.

Key Segments Profiled in the Global Digital Barometer Industry Survey

Global Digital Barometer Industry by Modality:

Hand-held Digital Barometer
Table-top Digital Barometer
Wall-mounted Digital Barometer

Global Digital Barometer Industry by End Users:

Digital Barometers for Pharmaceutical Companies
Digital Barometers for Research Laboratories
Digital Barometers for Academic Research Institutes
Digital Barometers for Winery and Breweries
Digital Barometers for Oil & Gas Industries
Digital Barometers for CMOs
Digital Barometers for Meteorological Departments

Global Digital Barometer Industry by Region:

North America Digital Barometer Market
Latin America Digital Barometer Market
Europe Digital Barometer Market
East Asia Digital Barometer Market
South Asia and Pacific Digital Barometer Market
Middle East and Africa Digital Barometer Market

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Author

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

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Nandini Singh Sawlani

Global Small Bowel Enteroscope Industry is expected to grow at a rate of 8 to 9 percent annually and reach a significant value of US$ 500 Million by 2032 | FMI

Global Small Bowel Enteroscopes Industry

The Global Small Bowel Enteroscope Industry is expected to increase at a compound annual growth rate (CAGR) of 8% to 9% between 2022 and 2032, according to a recent and innovative report. As a consequence of an extensive analysis carried out by Future Market Insights, this significant projection puts the sector at the forefront of innovation and positions it to reach the current anticipated market size of US$ 500 million. This information highlights the industry’s unmatched development potential over the next 10 years in the small bowel enteroscopy space.

Future Market Insights’ in-depth research of the business models and crucial tactics used by market players provides a deep dive into the dynamics of the Small Bowel Enteroscopes Industry. Moreover, the report provides a holistic overview of market shares held by prominent players, offering valuable insights for industry professionals, investors, and stakeholders.

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Global Small Bowel Enteroscopes Industry Insights

Enteroscopy is an endoscopic examination of the small intestine. Enteroscopy is a widely used procedure for the examination of small bowel. Double-balloon enteroscopy is the first kind of balloon-assisted endoscopy used for the examination of small bowel. After that, single-balloon enteroscopy was introduced as an alternative to the balloon-assisted method. With the advancement in technology, small bowel enteroscopes are being introduced into the market.

Small bowel enteroscopes help the physician to navigate the entire small bowel from either a rectal or oral approach and enable the physicians to perform both therapeutic and diagnostic techniques within the small bowel. A small bowel enteroscope uses an endoscope which when inflated by air expands the small intestine to help the camera get a close view of the sections. With the help of small bowel enteroscopes, gastrointestinal bleeding can be identified. According to one journal, more than 250,000 hospitalizations were recorded annually in the US in 2018 due to gastrointestinal haemorrhage. With an increasing number of cases, small bowel enteroscopes are likely to spur the market.

Global Small Bowel Enteroscopes Industry Dynamics

Small bowel enteroscopes have increased market potential because, unlike other procedures, they can produce high-quality images of the whole gut. Small intestine enteroscopy delivers interventional and visualization therapy throughout the small bowel, and as a result, the adoption rate is projected to rise in the coming years, increasing the market for small bowel enteroscopy.

In addition to this, the increasing prevalence of gastrointestinal bleeding in patients also contribute to high adoption of the small bowel enteroscopes in diagnostics laboratories and hospitals which will spur the growth of the market. Moreover increasing disposable income in developing economies will also contribute in increasing the market of small bowel enteroscopes. However, there occurs certain limitation that may restrain the growth of the market. The small bowel enteroscopes required skilled professionals to perform the examination and so lack of professionals may hamper the growth of the market. In addition to this, small bowel enteroscopes require prolong time to perform the examination and so medical professionals may choose to opt for other examination. Moreover the cost is another important factor which again may hinder the growth of the market.

Global Small Bowel Enteroscopes Industry Overview

The small bowel endoscopes market is expected to register significant growth in the market. Small bowel enteroscopy has become a key component in the evaluation and examination of the gastrointestinal tract. Small bowel enteroscopes has been accepted for wide variety of indication. Manufacturers are currently ongoing multiple clinical trials related to other indications with the help of small bowel enteroscopes. Some of the indications that are currently under investigations are Crohn’s disease, Refractory celiac disease, Small bowel obstruction etc. Thus with the advancement in technologies, the global small bowel enteroscopes is likely to anticipate growth in the market.

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Small Bowel Enteroscopes Industry: Region-wise Outlook

Based on geography, the global small bowel endoscopes market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America is likely to manifest significant growth in the small bowel endoscopes market due to advanced healthcare infrastructure and increase in healthcare expenditure is having a high impact in overall market.

Global Growth Prospects of Global Small Bowel Enteroscopes Industry:

Europe market protrude to have high growth in market due to increasing burden of gastrointestinal bleeding and rising costs in healthcare Asia Pacific is also have the potential in stimulating the growth of the small bowel endoscopes market due to high demand for new treatment option and increasing awareness in new technologies seems to drive the small bowel enteroscopy market.

Japan has the potential to grow the overall small bowel enteroscopes market due to advancement in technology and increase in gastrointestinal diseases. Middle East & Africa have less impact in overall small bowel enteroscopes market due to lack of healthcare infrastructure and low healthcare expenditure may thrive the market.

Global Small Bowel Enteroscopes Industry Key Players

Some of the key players present across the value chain of the global small bowel endoscopes market are Pentax Medical, Olympus Corporation, FUJIFILM Holdings America Corporation.

The report covers exhaustive analysis on:

Segments
Markets Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The reports provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. This is also maps the qualitative impact of various market factors on market segments and geographies.

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Global Small Bowel Enteroscope Industry: Segmentation

Indication and end-user segment the global small bowel endoscopes market.

The segmentation by indication includes:

Obscure gastrointestinal bleeding
Small bowel tumours
Polyposis syndromes
Dilation of small bowel stenosis

Segmentation by End User

Similarly, the segmentation by end-user comprises:

Hospitals
Clinics
Diagnostics Laboratories
Others

Report Highlights:

In light of the comprehensive analysis, the report showcases:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, along with geographical regions exhibiting promising growth
A neutral perspective on market performance

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

United States Dog Toys Market: Sales Projected to Soar at a 3.5% CAGR by 2033

The projected growth of the United States dog toys market indicates an increase from US$ 3,083.2 million in 2023 to US$ 4,359.2 million by 2033. Over the next decade, from 2023 to 2033, sales of dog toys in the US market are forecasted to rise steadily at a compound annual growth rate (CAGR) of 3.5%.

Factors Shaping the Market Dynamics:

The increasing pet population throughout the United States is expected to be a significant driver of growth for the dog toys industry over the next decade.
High expenditure on pets and pet care products is anticipated to create promising growth opportunities for the target market.
Increasing spending on training and behavioral products is poised to fuel sales in the United States market, reflecting a growing emphasis on pet training and well-being.
The rising trend of humanization of pets is expected to have a positive impact on dog toy sales in the United States, as pet owners seek to provide their furry companions with products that enhance their quality of life.

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Dog toys can help owners train pets and provide channels for their natural instincts as well as encourage positive behaviour with health benefits for their dogs.

The market is highly competitive, with a large number of brands and manufacturers offering a wide range of products. A few of the leading dog toy manufacturers across the United States include COLLAR LLC, Ethical Products Inc., West Paw Inc., and others.

Key Takeaways from this Market:

The United States dog toys industry is estimated to reach US$ 3,083.2 million in 2023.
From 2023 to 2033, dog toy sales in the United States market are set to thrive at around 3.5% CAGR.
By 2033, the United States market size is expected to reach US$ 4,359.2 million by 2033.
By product type, floating toys segment is expected to rise at 5.6% CAGR during the projection period.
By sales channel, the modern trade segment holds a share of 26.9% in the market while the online retailers segment is expected to thrive at a higher CAGR of 7.3% through 2033.
The West region dog toys market is likely to expand at a CAGR of ~4.4% during the assessment period.

“Dogs are considered as family members which leads to a rise in the humanization of dogs. As pet owners are willing to invest in high-quality and premium products that enhance their dogs’ comfort, health, and overall well-being, sales of dog toys are likely to rise at a steady pace across the United States during the next ten years. To gain profits, companies are expanding their product portfolios by introducing new dog toys,” – says an analyst at FMI.

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Who is Winning?

A few of the leading dog toy manufacturers listed in the report include

American Dog
COLLAR LLC
Doskocil Manufacturing Company Inc.
Ethical Products Inc.
Goughnuts Inc.
Hagen Inc.
Penn-Plax Inc.
Radio Systems Corporation
Unicharm Corporation
West Paw Inc.
Others (as requested)

These key companies are continuously innovating for developing novel pet toys. They are also focusing on reducing product prices and strengthening their distribution networks. Further, various players are implementing strategies such as mergers, agreements, partnerships, collaborations, etc. to gain a competitive edge in the market.

Recent developments:

In 2022, new dog toys were launched by Huxley & Kent, a prominent leader in pet toys and accessories.

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States dog toys market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study divulges compelling insights on the United States dog toys industry based on product category (training toys, health toys, grooming toys, and others), product type (chew toys, rope toys, squeak toys, interactive toys, ball toys, plush toys, squeaky toys, tug toys, floating toys, and others), material (fabric, plastic, rubber, wood, and others), age group (puppies, adult dogs, and senior dogs), and sales channel (modern trade, convenience stores, pet specialty stores, multi-brand stores, online retailers, and other sales channel).

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Market by Categorization:

By Product Category:

Training Toy
Health Toy
Grooming Toy
Others

By Product Type:

Chew Toys
Rope Toys
Squeak Toys
Interactive Toys
Ball Toys
Plush Toys
Squeaky Toys
Tug toys
Floating Toys
Others

By Material:

Fabric
Plastic
Rubber
Wood
Others

By Age Group:

Puppies
Adult Dogs
Senior Dogs

By Sales Channel:

Modern Trade
Convenience Stores
Pet Specialty Stores
Multi-Brand Stores
Drug Stores
Online Retailers
Other Sales Channel

Author

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

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

About Future Market Insights (FMI)

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

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 Heat Moisture Exchanger Industry is expected to grow at a steady 4% CAGR and surpass US$ 398.4 Million by 2032 | FMI

According to Future Market Insights Inc.’s most recent analysis, the Global Heat Moisture Exchanger Industry is poised for extraordinary growth as it enters the global arena at a remarkable Compound Annual Growth Rate (CAGR) of 4%.

A convincing picture of the industry’s trajectory is painted by the thorough research, which covers the years 2022 to 2032. The global heat moisture exchanger industry is predicted to grow dramatically, from an expected US$ 269.2 million in 2022 to an astounding US$ 398.4 million by 2032. This significant expansion is driven by the rising demand for Heat Moisture Exchangers, which has been showing a rising trend throughout the projection period.

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Heat Moisture Exchangers are designed to provide effective heat and moisture recovery. These Heat Moisture Exchangers are designed to provide minimal resistance to moving air while producing high moisture to compensate for heat and moisture loss in individuals suffering from breathing and other respiratory issues.

To provide a leak-free seal, all Heat Moisture Exchangers have standard tapered ends. The provision of warm and humid gas through Heat Moisture Exchangers for patients in intensive care units has been recognized as vital, and device makers have implemented numerous approaches to ensure this capability.

Global Heat Moisture Exchanger Industry Dynamics

Heat Moisture Exchangers are generally meant to promote more secure airway respiration in patients who require mechanical breathing or are at risk of aspiration. The introduction of a lightweight, disposable Heat Moisture Exchanger that effectively conserves moisture has improved patient care.

Nowadays, combined Heat Moisture Exchangers and filters are used, which appear to have fulfilled significant duties that would otherwise be lost to the patient with an intubated trachea.

Geriatric population care, respiratory disorders, severe injuries, and therapy have all expanded significantly over the years, resulting in an increased need for Heat Moisture Exchangers. Furthermore, an increase in the implementation of preventive therapy programs is expected to fuel the growth of the Heat Moisture Exchanger market.

On the other hand, rigorous regulation policies in certain countries regarding Heat Moisture Exchanger price, safety, and efficacy are expected to stifle market growth. The use of alternative devices to Heat Moisture Exchangers, such as heated humidifiers, may potentially have an impact on market growth.

Many studies have found that using heated humidifiers to promote airway hydration may reduce the incidence of bacterial infection, however, Heat Moisture Exchanger humidifiers may cause airway blockage. The use of such alternative devices has the potential to drastically modify the Heat Moisture Exchanger market. Ongoing Heat Moisture Exchanger R&D initiatives are expected to create new prospects for growth in the Global Heat Moisture Exchanger Industry.

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Global Heat Moisture Exchanger Industry: Overview

Ongoing research and development operations for respiratory and tracheal devices are expected to create new prospects for the Heat Moisture Exchanger industry. The Heat Moisture Exchanger market expansion in the competitive landscape includes both global and regional manufacturers, making the market extremely competitive.

To maintain their market leadership, Heat Moisture Exchanger manufacturers have implemented innovative strategies for extending their product portfolio and market reach. They are attempting to produce revolutionary Heat Moisture Exchanger goods by aggressively investing in R&D and extending their product footprint in developing countries.

Furthermore, numerous significant Heat Moisture Exchanger manufacturers are making large investments to purchase or integrate small and local enterprises.

Heat Moisture Exchanger Industry: Region-wise Outlook

According to the National Centre for Health Statistics, over millions of surgical procedures on admitted inpatients are conducted globally each year, with more than half of them utilising a Heat Moisture Exchanger during intraoperative and postoperative respiratory support.

According to geography. North America is expected to be the market leader in the worldwide Heat Moisture Exchanger industry. The region’s market will be driven by an increase in the geriatric population necessitating surgical treatments via manner of airway ventilation via Heat Moisture Exchanger.

Europe is predicted to be the next dominant area in the worldwide Heat Moisture Exchanger market, followed by Asia Pacific. Russia is expected to dominate the Heat Moisture Exchanger industry. According to a 2016 Health Ministry report, there has been a substantial increase in the incidence rate of respiratory disease in Russian adults.

During the forecast period, Asia Pacific countries such as China and India are expected to develop at an exponential rate for the Heat Moisture Exchanger.

Global Heat Moisture Exchanger Industry: Key Players

Some of the key players present in the Global Heat Moisture Exchanger Industry include Biopsybell, King Systems, Vadi Medical, Toshiba Air Conditioning, Galemed, Draeger, Pharma Systems AB, Smiths Medical, Sarnova, Intersurgical, Medtronic Teleflex, and others.

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Key Segments Profiled in the Global Heat Moisture Exchanger Industry Survey

By Device Type:

Disposable Heat Moisture Exchanger
Reusable Heat Moisture Exchanger

By Application:

Respiratory Care
Geriatric Care
Neonatal Care

By End Use:

Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others

Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Surgical Scalpel Market Poised for Steady Growth Reaching US$1.75 Billion by 2032

The global surgical scalpel market is poised to steadily rise in value, reaching an estimated US$1.75 billion by 2032 according to a recent market analysis. This projected growth signifies a Compound Annual Growth Rate (CAGR) of 3.7% from a base value of US$1.21 billion in 2022.

The driving force behind this growth is the twofold trend of increasing chronic diseases and a rise in global surgical procedures. As surgeries become more prevalent, the demand for precise tools that minimize tissue damage also grows. This creates a strong market for high-quality surgical scalpels.

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The surgical scalpels market is an essential component of the global healthcare system, meeting the needs of surgeons, physicians, and patients worldwide. In surgical settings, scalpels are essential tools that improve surgical outcomes by enabling precise cuts. Furthermore, the market is distinguished by constant innovation and developments in handle designs, safety features, and blade materials, guaranteeing continual improvement in surgical techniques.

“Scalpels remain an essential tool in surgical procedures, and as the healthcare sector continues to evolve, so too does the demand for advanced, efficient instruments,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The projected growth of the surgical scalpels industry underscores its significance in enhancing patient care and underscores the commitment of industry stakeholders to innovation and excellence.”

With an outlook towards sustainable growth, industry players are expected to focus on product innovation, technological advancements, and strategic collaborations to meet the evolving needs of healthcare professionals and patients worldwide.

Key aspects of the surgical scalpels market include:

Product Types: Surgical scalpels are available in various types, including disposable scalpels, reusable scalpels, and safety scalpels. Disposable scalpels are single-use instruments, while reusable scalpels can be sterilized and used multiple times. Safety scalpels have built-in safety features to minimize the risk of accidental cuts.
Materials: Scalpels are typically made from stainless steel, carbon steel, or high-quality medical-grade plastics. The choice of material depends on factors such as durability, sharpness, and intended use.
Applications: Surgical scalpels are used in a wide range of medical procedures, including general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, and dermatology. Each specialty may require specific types and sizes of scalpels.
Distribution Channels: Scalpels are distributed through various channels, including medical supply companies, distributors, online retailers, and healthcare facilities. Hospitals, clinics, and ambulatory surgery centers are the primary end-users.
Market Trends: The surgical scalpels market has witnessed several trends, including a shift towards safety scalpels to reduce the risk of needlestick injuries and cross-contamination. There is also a growing demand for disposable scalpels due to their convenience and sterility.

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Country-wise Insights Surgical Scalpels Market:

United States:
- The United States has one of the largest healthcare markets globally and is a significant contributor to the surgical scalpels market.
- There is a growing trend towards the adoption of disposable surgical scalpels due to concerns about infection control.
- Market players in the U.S. often focus on innovation and product development to cater to the demands of the healthcare industry.
Europe:
- The European surgical scalpels market is diverse, with variations in demand and regulations from one country to another.
- Germany, France, and the United Kingdom are some of the prominent markets in Europe.
- Strict regulatory standards and a focus on patient safety drive product development and quality.
Asia-Pacific:
- The Asia-Pacific region, including countries like China and India, is witnessing significant growth in the surgical scalpels market due to a growing population and improving healthcare infrastructure.
- Cost-effective alternatives, including reusable scalpels, are still prevalent in some markets in this region.
- Increasing medical tourism in countries like Thailand and Singapore also contributes to the demand for surgical scalpels.
Latin America:
- The surgical scalpels market in Latin America varies from country to country, with Brazil and Mexico being some of the larger markets.
- Economic factors, such as healthcare spending and government policies, can significantly impact market growth in this region.
Middle East and Africa:
- The Middle East, particularly countries like Saudi Arabia and the United Arab Emirates, has a growing healthcare sector, which is driving the demand for surgical scalpels.
- In Africa, access to healthcare varies greatly by region, affecting the surgical instrument market differently across countries.

Competitive Landscape:

Integra Life Sciences Corporation
PL Medical Co. LLC
3D HISTECH Ltd
Apollo Enterprise Imaging Corp.
Huron Surgical scalpel
Ventana Medical System, Inc.
Hamamatsu Photonics K.K
Xifin, Inc.
Koninklijke Philips N.V
Visiopharm
Indica Labs, In
Swann-Morton Limited
Hill-Rom

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Key Market Segments Covered in Global Surgical Scalpel Industry Research:

By Product:

Disposable Surgical Scalpel
Reusable Surgical Scalpel
- Scalpel Handles
- Surgical Blades

By Material Type:

Stainless Steel
High-Grade Carbon Steel
Others

By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Nursing Centers
Reference Laboratories

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Digital X-Ray Equipment Industry is expected to grow at a 2.8% CAGR to reach a valuation of US$ 9987.5 Million By 2034 | FMI

Forecasts indicate that the Global Digital X-Ray Equipment Industry will be valued at US$ 7,577.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8%. An expansion to a worth of US$ 9987.5 million is projected by 2034.

The market for digital imaging systems is growing as a result of several factors. Advances in technology, an increase in chronic illness incidence globally, and greater patient awareness of early diagnosis techniques.

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Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their Global Digital X-ray equipment Industry share, and scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are also instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments to advance technological advancements in the sector.

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What Factors are Influencing the Global Digital X-Ray Equipment Industry?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital X-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with digital X-ray radiations for living tissues.

The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, a rise in the ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to a large number of improved digital X-ray equipment launches where key players are focusing on raising their Global Digital X-ray equipment Industry share.

Moreover, digital X-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

The adoption of digital X-rays is expected to broaden thereby spiking the sales of digital X-ray equipment as digital X-ray equipment is based on the transmission of the X-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Global Digital X-Ray Equipment Industry?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to raise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-ups, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

In this regard, many ongoing research and development programmes have aided various companies to acquire a large Global Digital X-Ray Equipment Industry share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

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Who are the Key Players Involved in the Global Digital X-Ray Equipment Industry?

Some of the key players in the Global Digital X-ray equipment Industry are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, and Agfa-Gevaert N.V. Healthcare.

Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems, and China Resources Holding Medical Equipment Company Limited are some other major Global Digital X-Ray Equipment Industry players.

The competition in the digital X-ray equipment market is primarily based on technological advances in digital X-ray equipment and the pricing of the digital X-ray equipment.

The demand for digital X-ray equipment is largely driven by technological advancements and the cost of digital X-ray equipment.

In addition, to secure a major Global Digital X-Ray Equipment Industry share globally, the key players have engaged in various strategic alliances such as acquisitions, collaborations, and the launch of advanced products.

Key Companies Profiled in the Global Digital X-Ray Equipment Industry

Siemens AG,
Philips Healthcare,
Canon USA Inc.,
Shimadzu Corporation,
GE Healthcare,
Varian Medical Systems,
Agfa-Gevaert
N.V. Healthcare.

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Global Digital X-Ray Equipment Industry Key Segments:

Applications:

Orthopaedic
Cancer
Dental
Cardiovascular
Other Applications

By Technology:

Computed Radiography
Direct Radiography
By Portability:
Fixed Systems
Portable Systems

By End User:

Hospitals
Diagnostic Centres
Other End Users

Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

USA & Canada Secondhand Apparel Industry Poised for Remarkable Growth: Forecasted CAGR of 12.3% by 2033

According to Future Market Insights (FMI), the secondhand apparel market in the USA and Canada is expected to experience a significant surge, with a compound annual growth rate (CAGR) of 12.3% forecasted for the period between 2023 and 2033. The market value is anticipated to rise from US$ 28,095.0 million in 2023 to approximately US$ 89,624.4 million by 2033.

The market is going through an unprecedented scale of growth, that is being driven by the shift in the factors, which is reshaping the entire sector. One of the key factors is the growing number of consumers who are going for sustainable fashion.

With increase in environmental awareness, the consumers are actively seeking the alternatives to fast fashion and the circular fashion is becoming accepted as a concept. Second-hand clothing is a sustainable solution for extending the life of garments beyond its initial disposal with the lowering of garment waste.

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Cost-effectiveness drives market expansion as secondhand clothing offers quality brands and designer items at reduced prices, appealing to budget-conscious consumers seeking value for money.
Wide variety of clothing options available on secondhand platforms, offering diverse styles, brands, and sizes to cater to different tastes and preferences, enabling consumers to express individuality.
Online platforms play a crucial role in market growth by providing convenience and accessibility, allowing shoppers to browse and purchase secondhand items from the comfort of their homes.
Emergence of rental and subscription services adds a new dimension to the market, enabling customers to enjoy a rotating wardrobe without the commitment of long-term ownership.

Key Takeaways from the USA & Canada Secondhand Apparel Market Study

The United States commanded 85.5%, while Canada held 13.5% revenue shares in the USA & Canada secondhand apparel industry at the end of 2022.
Based on product type, dresses & tops accounted for a dominant share of 35.4% in the USA & Canada markets by 2022-end.
The apparel for women segment dominated the market with a revenue share of 44.1% in 2022 and is expected to account for the majority of sales throughout the forecast years.
Online retailers are gaining traction and are anticipated to surge at a CAGR of 10.9% during the projection period.

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“The USA & Canada secondhand apparel industry is poised for continued growth. Evolving consumer attitudes towards sustainability, advancements in technology and collaborations between industry players will drive innovation and expansion. Cost-effectiveness and options of rentals are likely to pull more customers over coming years.”, says a lead analyst at FMI

Competitive Landscape

The competitive landscape of the USA & Canada secondhand apparel industry is characterized by a mix of established players and emerging online platforms. The market is witnessing increased competition as both traditional retailers and fashion brands enter the secondhand space, offering a wider range of options for consumers.

The players have increased focus on partnerships & collaborations along with enhanced product offerings. Key players are directed towards mergers, product launches, and acquisitions to enhance their market presence.

Who is winning?

Key players present in the USA & Canada secondhand apparel industry are

ThredUP
Poshmark
The RealReal
Depop
Goodwill Industries
Salvation Army
Tradesy
Vestiaire Collective
Grailed
Mercari
Buffalo Exchange
Crossroads Trading
ASOS Marketplace
Rebag
Others (as requested)

For instance,

In 2021, Depop was acquired by Etsy, an online marketplace for handmade and vintage items. This acquisition provided Depop with access to Etsy’s resources and customer base, enabling further growth and expansion of its secondhand fashion platform.
In 2020, The RealReal launched the “RealReal Remade” initiative, focusing on sustainable fashion and upcycling. The company partnered with luxury brands like Gucci and Stella McCartney to create limited-edition collections using repurposed materials, highlighting their commitment to environmental sustainability.

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The United States & Canada Second-hand Apparel Market Outlook by Category

By Product Type:

Dresses & Tops
Shirts & T-shirts
Sweaters, Coats & Jackets
Jeans & Pants
Others

By Sector:

Resale
Traditional Thrift Stores & Donations

By Consumer Orientation:

Men
Women
Kids

By Sales Channel:

Direct Sales
Hypermarkets/Supermarkets
Thrift Stores/Resale Stores
Online Retailers
Other Sales Channel (Independent Small Stores)

By Country:

The United States
Canada

Author

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.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube