Market Research Blog – Page 3453 – New Product Development

Global Home Infusion Therapy Devices Market is expected to achieve significant growth by 2033, reaching US$ 4.4 billion as per FMI

The global home infusion therapy devices market is on track to witness remarkable growth, with projections indicating a valuation of US$ 2.3 billion in 2023, escalating to an impressive US$ 4.4 billion by 2033. This surge is fueled by a notable compound annual growth rate (CAGR) of 6.6% throughout the forecast period, as revealed by the latest industry analysis.

Several factors are contributing to the increasing demand for home infusion therapy devices. The evolving landscape of the medical community, coupled with advancements in medical practices, and the steadfast commitment of the medical industry to innovative technologies, are key drivers propelling this growth trajectory. Furthermore, the seamless integration of qualified medical professionals well-versed in the latest medical technologies has further accelerated the expansion of this market, fostering an environment conducive to the global home infusion therapy devices market’s growth.

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One of the key drivers contributing to the market’s growth is the rising popularity of home infusion treatments, prompting manufacturers to expedite their manufacturing processes. The infusion therapy device market has witnessed a collaborative trend among multiple players, fostering inter-competitor support, directly influencing the dynamics of the global home infusion therapy devices market.

A critical aspect contributing to the market’s expansion is the increasing prevalence of diseases such as immunological deficiencies, cancer, and congestive heart failure, which necessitate infusion therapy over oral medication. Home infusion therapy is deemed more economical for individuals requiring long-term care, further fueling the demand for infusion therapy devices.

In the coming years, the global home infusion therapy devices market is expected to capture the attention of key investing entities, signaling substantial growth potential. The market dynamics are poised for further positive momentum, driven by ongoing advancements in medical technology and the commitment of industry stakeholders to meet the evolving healthcare needs of the global population.

As the industry evolves, FMI remains at the forefront, dedicated to providing cutting-edge home infusion therapy devices that align with the industry’s growth trajectory. With a commitment to innovation, quality, and meeting the evolving demands of the healthcare landscape, FMI is poised to contribute significantly to the continued success of the global home infusion therapy devices market.

Key Takeaways from Home Infusion Therapy Devices Market Study:

By product type, infusion system accessories will hold around 45% of value share globally.
Based on the application, antibiotic administration is leading with over 34% of the market share.
Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
China holds leading position in East Asia and is expected to account for nearly 52% of market share.

“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

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Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

Key Companies Profiled:

CVS/Coram
Option Care Health
CareFusion Corporation
BriovaRx/Diplomat (UnitedHealth Optum)
PharMerica
Fresenius Kabi
CU Medical, Inc.
B. Braun Melsungen AG
Baxter
BD
Caesarea Medical Electronics
Smiths Medical
Terumo Corporation
JMS Co. Ltd.

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Key Segments Covered in the Home Infusion Therapy Devices Market Report:

By Product Type:

Disposable Elastomeric Pumps
Insulin Pumps
PCA Pumps
Electronic Ambulatory Pumps
Infusion System Accessories

By Applications:

Enteral Nutrition
Parenteral Nutrition
Chemotherapy
Antibiotic Administration
Others

By End User:

Home Care Settings
Long-Term Care Centers

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Infection Prevention Market Poised for Steady Growth Over the Next Decade, According to New Analysis reaching US$ 55,379.1 million by 2034

The global infection prevention market is on track for significant expansion over the next decade, fueled by a growing focus on hygiene and rising healthcare spending, according to a recent market analysis conducted by FMI. The report estimates the market to be valued at over US$ 40,845.2 million in 2024 and reach US$ 55,379.1 million by 2034, reflecting a projected Compound Annual Growth Rate (CAGR) of 3.1%.

Several key trends are propelling this market growth:

Heightened Focus on Infection Prevention & Control: A global commitment to preventing the spread of infections is driving demand for infection control solutions. This emphasis is fueled by factors like increasing healthcare expenditures, a rise in healthcare outsourcing, and advancements in hygiene standards and infrastructure.
Surging Number of Surgical Procedures: The rising prevalence of chronic diseases, growing obesity rates, and other factors are leading to a significant increase in the number of surgical procedures performed worldwide. This, in turn, is boosting the demand for infection prevention kits and associated products.

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This market analysis provides valuable insights for businesses operating in the infection prevention sector, allowing them to capitalize on emerging opportunities and navigate future market dynamics.

Key Takeaways from the Infection Prevention Market:

The United States infection control market is developing at a CAGR of 1.4%.
China’s infection prevention market is projected to grow at a rate of 4.0% until 2034.
During the forecast period, Germany’s infection solutions market is expected to achieve a CAGR of 1.9%.
India’s infection prevention market is anticipated to dominate the global market at a CAGR of 4.6% over the projected period.
The market for antimicrobial solutions in the United Kingdom is expanding at a 2.0% CAGR.
The healthcare-associated infections market was estimated to be dominated by consumables, with a market share of 41.0%.
Hospitals & clinics segment is expected to hold a market share of 45.4%.

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Key Strategies:

The global infection control market is highly competitive, with several companies participating. Market rivalry is fierce, with businesses contending for customers’ attention by introducing new, high-quality products. Infection control is a highly competitive sector with many small and medium-sized establishments.

These businesses often focus on specific service or product categories within a given market. Many industry participants focus on organic market expansion through product debuts, approvals, and other variables such as patents and events. The inorganic growth tactics were partnerships, acquisitions, and collaborations.

Recent Developments:

In November 2023, a Washington State University research team developed a groundbreaking 3D-printed surgical gadget that, in laboratory tests, eliminated 87% of the bacteria that cause staph infections.
Protection Paints developed Vira-Protect, a long-lasting, efficient paint to help in infection management, using silver ions blended with water-based paint-compatible polyurethane in October 2023.

Key Companies in the Infection Prevention Market:

STERIS PLC (Cantel Medical Corporation)
Belimed AG
Matachana Group
Halyard Health Inc.
Ecolab Inc.
Miele Group. (Steelco)
MMM Group
Pal Internation
Metrex Research
Sotera Health Inc.
3M Company
Matachana Group
Steris Corporation
Reckitt Benckiser
Getinge Group
Sterigenics International Inc.
Fortive Corporation (Advanced Sterilization Products)

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Market Segmentation:

By Product:

Sterilization Equipment
- Low-Temperature Equipment
- Heat Sterilization Equipment
- Radiation Sterilization Equipment
- Liquid Sterilization Equipment
Disinfectors
- Washer Disinfectors
- Endoscope Repressors
- Flusher Disinfectors
- Surface Disinfectants
- Hand Sanitizers
Consumables
- Sterilization Supplies
- Protective Apparel & Textiles
- Infectious Waste Disposal

By End User:

Hospitals & Clinics
Pharmaceutical Companies
Clinical Laboratories
Medical Device Companies
Life Science Industry
Academic and Research Centers

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Lightweighting Boom: High Performance Composites Market Set to Reach US$ 36.8 Billion by 2034

The high performance composites market is anticipated to be valued at US$ 13.9 billion by 2024. The market valuation is estimated to be US$ 36.8 billion by 2034, projected at a CAGR of 10.3%. A key driver of the market is the need for lightweight materials to improve fuel efficiency, performance, and sustainability.

Technological advancements in composite manufacturing processes, such as automated layup, resin infusion, and additive manufacturing, are driving market growth by enabling the production of complex shapes and structures with high precision and efficiency.

The advancements contribute to developing innovative composite materials with enhanced properties, such as improved impact resistance, thermal stability, and fire retardancy.

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Increasing investments in research and development activities to enhance composite performance, reduce production costs, and explore new applications to fuel market expansion. Companies collaborate with research institutions and universities to develop next-generation composite materials and manufacturing techniques that meet evolving industry requirements and regulatory standards.

Despite the promising growth prospects, the high-performance composites market faces challenges such as high initial costs, limited recycling options, and concerns about environmental impact.

Ongoing efforts to address these challenges and the growing emphasis on sustainability and eco-friendly materials are expected to drive continued growth in the high-performance composites market in the coming years.

Key Takeaways from the Market Study

Under resin type, the thermoset resins segment registered to expand at 10.2% CAGR by 2034.
The United Kingdom is estimated to register at a CAGR of 10.9% by 2034.
China experiences significant growth, projected at a CAGR of 11.1% by 2034.
Based on fiber type, the carbon fiber composites segment is anticipated to expand at 10.1% CAGR by 2034.

“The increasing demand for lightweight materials in industries such as aerospace, automotive, and wind energy is one significant driver for the high-performance composites market,” comments a Future Market Insights analyst.

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Competitive Landscape

The presence of key players such as Hexcel Corporation, Toray Industries, Inc., and Solvay S.A. characterizes the competitive landscape of the high-performance composites market.

These companies dominate the market with their wide range of composite materials and solutions tailored to various industries. Smaller players and niche providers are focusing on specialized applications, contributing to the diverse and dynamic nature of the market. Some of the key developments are:

In September 2020, Applied Composites Holdings, LLC completed the acquisition of Alliance Spacesystems, LLC, and a renowned leader in high-performance composite structures.
In February 2023, Isoco Bikes from Saalfeld, Germany, and V Frames from Schmiedefeld, entered into an exclusivity agreement with Lehvoss Group based in Hamburg. This collaboration aims to introduce high-performance fiber-reinforced compounds, including long carbon fiber and biopolymer carbon fiber composite materials, into the production of bike frames and components.

Key Companies Profiled

Toray Industries Inc.
Solvay S.A.
Hexcel Corporation
SGL Group-The Carbon Company
TPI Composites
Koninklijke TenCate NV
Owens Corning Corporation
BASF SE
Teijin Limited
Albany International Corporation

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More Valuable Insights Available

Future Market Insights offers an unbiased global high-performance composites market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the high-performance composites market is segmented based on resin type (thermoset resins, thermoplastic resins), fiber type (carbon fiber composites, s-glass composites, aramid fiber composites, others), application (aerospace & defense, automotive, wind turbine, pressure vessel, medical, construction, others), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Magnetic Drive Pump Market Size Surges to US$ 1251 Million by 2033

According to a Future Market Insights (FMI) report, the magnetic drive pump market to reach a valuation of US$ 672.5 Million in 2023. Future Market Insights reports say that the market is expected to grow at a 6.4% CAGR from 2023 to 2033, anticipated to be valued at US$ 1251 Million by the end of 2033.

Growth in the market is driven by the rise in demand for energy-efficient technologies and rapid industrialization. Growth in the usage of centrifugal magnetic drive pumps across sectors such as chemical and pharmaceutical will tend to uplift the market.

An increase in the number of water treatment projects, especially in developing and approaching economies will fuel the sales of centrifugal magnetic drive pumps. Magnetic drive pump industry will also involve wider expansion as the Implication of recycling water rises worldwide.

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Industries are interested to invest largely in new technologies by environmental agencies for example the Pollution Control Agency and the Environmental Protection Agency i.e., used in the limitation of the emissions of pollution which will largely continue to raise demand for magnetic drive pumps.

Key Takeaways from the Market Study:

Sales of magnetic drive pump market expanded at a CAGR of 67% from 2018 to 2022.
The European magnetic drive pump industry is likely to have a market share of 2%.
Asia Pacific is said to have a growth in the market with a CAGR of 2% during the forecast period.
China is anticipated to remain one of the most lucrative markets in East Asia, accounting for 2% of the market share in the forecast.
Growth in the magnetic pump market in the United Kingdom is anticipated to rise at a CAGR of 23%.
India’s magnetic drive pump market will capture over 1% of the total market share in the South Asia Pacific.
Chemical manufacturing application segment accounts for 4% of the global market share.

Competitive Landscape:

Some of the prominent players in the global market are as follows –

Ebara Corporation
Flowserve Corporation
Kirloskar Brothers Limited
ITT Goulds Pumps Inc.
Iwaki Co Ltd.
Klaus Union
March Manufacturing
Ruhrpumpen Inc.
Sundyne LLC
Xylem Inc.
PRECISION ENGINEERING CO.
Grosvenor Worldwide Private Limited
GCA Energy
Magnatex Pumps, Inc.
Grundfos
TEIKOKU ELECTRIC MFG. CO., LTD.
ELEPON E.C.A.P. Corporation
NIKKISO EIKO Co., Ltd.

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Some of the Important Developments of the Key Players in the Market are:

In January 2023, Kirloskar Brothers Limited (KBL) launched its latest product, the Vertical Inline Long Coupled “KW-LC” Pumps, expanding its ever-growing portfolio in the Heating, Ventilation, and Air-Conditioning (HVAC) segment. The KW-LC pump is a space-saving, vertical, long-coupled design that simplifies piping and has a compact structure.
In May 2023, Kirloskar Brothers Limited launched yet another advanced pump series- ‘AQUA TORRENT-10 FCL’. The pump offers a high suction lift and best-in-class performance and comes with an energy-saving design. AQUA TORRENT-10 FCL is available in a single-phase, 1.0 HP monobloc pump offering an array of advanced features Its Cathodic Electro Deposition (CED) coating ensures corrosion resistance, and the dynamically balanced rotating parts provide minimum vibrations, reducing the chances of operational damage. AQUA TORRENT-10 FCL is the perfect choice for domestic applications like overhead tank filling, water supply to gardens and fountains, feed water & RO plants, construction sites, hotels, construction sites, and lawn sprinklers and car washing.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the magnetic drive pump industry providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the magnetic drive pump market is segmented by pump types (centrifugal pumps and positive displacement pumps), flow rate (up to 80 m³/hr and above 501 m³/hr), casting material (stainless steel and alloy), and application (mining, chemical manufacturing, and processing) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia and Middle East & Africa).

Magnetic Drive Pump Industry Segmentation Analysis:

By Pump Type:

Centrifugal Pumps
Positive Displacement Pumps

By Flow Rate:

Up to 80 m3/hr
Above 501 m3/hr

By Casting Material:

Stainless Steel
Alloy

By Application:

Mining
Chemical Manufacturing
Processing

By Region:

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

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About the Process Automation Division at Future Market Insights:

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

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The global hydraulic pumps market to soar at 4.0% CAGR over the forecast period between 2023 and 2033. Revenue is anticipated to hit US$ 16.6 Billion by 2033 end.

The positive displacement pumps market is expected to accumulate a market value of US$ 21.72 Billion by 2033 by registering a CAGR of 4.4% in the forecast period from 2023 to 2033.

The Asia Pacific industrial pumps market share is projected to reach US$ 39.3 Billion in 2032, and is projected to increase at a CAGR of 4.7% in the forecast period from 2022 to 2032.

The sealless magnetic drive pump market is likely to expand from US$ 674.6 Million in 2023 to US$ 1252.3 Million by 2033.

The centrifugal pumps market is estimated to be valued at US$ 33 Billion in 2023 and is expected to reach US$ 60 Billion by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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.

Contact Us:

Nandini Singh Sawlani

Advanced Surface Treatment Chemicals Market Set for a CAGR of 6.3% Reaching US$ 9,193.1 Million by 2033

The advanced surface treatment chemicals market is expected to be worth US$ 9,193.1 Million by end of the forecast period. The market is anticipated to witness a considerable growth rate of 6.3% over the forecast period. Advanced Surface Treatment Chemicals are widely used in various end use industries including automotive, aerospace, construction, packaging and so on. These chemicals are used for different purposes such as surface preparation, corrosion protection, enhanced surface properties and others.

One of the prominent reasons behind using advanced surface treatment chemicals is to protect surfaces from corrosion. These chemicals are primarily employed to protect surface, particularly metals from corrosion. As corrosion can cause damage, loss of functionality and reduced lifespan of the base material, use of surface treatment chemical is necessary.

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Apart from the corrosion, they are also used to enhance the adhesion property. Surface treatment chemicals such as adhesion promotors are used to enhance the adhesion or bonding between two surfaces. Applications such as coatings, adhesives, paints, where adhesion is required and crucial for performance and durability, these promotors play a vital role in increasing the adhesion.

Industries such as automotive, electronics, aerospace and others are key end use industries for these chemicals. Automotive industry is one of the key industries where these chemicals are being used to protect metal components from the corrosion. Car components which are made of metal such as engine parts, car bodies and others, to protect them from corrosion, these chemicals are used.

Advanced Surface Treatment Chemicals play a vital role in automotive industry as they are heavily employed in automotive seating, steering wheels, sound insulation components, interior rims and so on. On the other hand, these are used in the formulations of coatings and adhesives.

Advanced surface treatment chemicals are very crucial in end use industries from food, packaging, construction, automotive to high performance & demanding aerospace industry. These chemicals are also used in aerospace and defense industry, where these are used in different places such as aircraft structural parts, landing gears, turbine blades and others for various purposes.

Key Takeaways from the Advanced Surface Treatment Chemicals Market:

The Advanced Surface Treatment Chemicals industry in the United States is predicted to reach US$ 1,359.8 million by 2033, increasing at a 5.1% CAGR.
The Advanced Surface Treatment Chemicals industry in India is estimated to reach a market share of US$ 411.8 million, expanding at a CAGR of 5.6% by 2033.
During the forecast period, the Advanced Surface Treatment Chemicals industry in China is expected to reach a market share of US$ 2,374.6 million, securing a 4.1% CAGR.
Germany’s Advanced Surface Treatment Chemicals industry is predicted to achieve a market share of US$ 723.7 million, rising at a 4.6% CAGR during the forecast period.
With a CAGR of 5.5% from 2023 to 2033, the Automotive Industry is expected to dominate the Advanced Surface Treatment Chemicals industry.

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How Does the Competition Look in the Advanced Surface Treatment Chemicals Market?

The Global Market is competitive in nature, where along with key players, small and medium scale players are also active in the market. Key players active in the market are focusing on the launching of new and customized products for different end use industries for instance aerospace industry. For the particular industry, the chemicals are being formulated as per the requirement as industry is highly demanding and materials used in the industry must comply with the guidelines.

Key market participants are also focused on the expansion of their production capacities to cater the growing demand and also to expand their global reach. Few key players are also establishing their production facilities in East and South Asia Pacific, as these regions have skilled workforce, less regulatory scenarios, relatively less expensive raw materials and other factors.

Few of the key players are also launching new technologies for advanced surface treatment chemicals along with the surface treatment sites. For Instance:

On November, 2022, BASF inaugurated its largest surface treatment site in Pinghu, China. The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, celebrated the inauguration of its state-of-the-art surface treatment production site in Pinghu City, Zhejiang Province, China. Spanning across 60,000 square meters, the Pinghu site is BASF’s first production site located in the Dushan Port Economic Development Zone and its largest surface treatment site globally.

Key Players in the Market

1. NIHON PARKERIZING INDIA PVT. LTD.
2. AD International
3. Thermax Limited
4. BCW Engineering
5. Trocellen
6. UACJ Corporation
7. Henkel AG and Co. KGaA
8. Keronite
9. Elos Medtech AB
10. Surface Technology
11. Vantage Specialty Chemicals

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Segmentation Analysis of the Market

By Chemical Type:

Adhesion Promoters
Anti-corrosion Agents
Cleaners and Activators
Anodising Agents
Conversion Coatings
Others

By Surface Type:

Metal Surface
Plastic Surface
Glass and Ceramic Surface
Others

By End Use Industry:

Automotive
Building and Construction
Electrical and Electronics
Aerospace and Defense
Packaging
Others (Healthcare, Textile)

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

Global Advanced Wound Care Market Poised for Steady Growth, Reaching Over US$ 14,667.7 million by 2034, with a CAGR of 2.4% | FMI

The global advanced wound care market is set for significant expansion, according to a recent market analysis by FMI. The report forecasts a strong CAGR of 2.4% over the next decade, with the market value projected to reach US$ 14,667.7 million by 2034, the advance wound care market is expected to be valued at US$ 11,521.11 million in 2024.

This growth trajectory reflects the rising demand for advanced wound care solutions, driven by several key factors:

Increasing Prevalence of Chronic Wounds: Chronic wounds, such as diabetic ulcers and pressure injuries, are becoming increasingly common. This trend is fueled by factors like diabetes, obesity, and an aging population.
Burgeoning Geriatric Population: The global population is aging rapidly, with a growing number of individuals reaching advanced ages. This demographic shift leads to a higher prevalence of age-related conditions that can cause chronic wounds.
Advancements in Wound Care Technology: The development of innovative wound care solutions, such as advanced dressings and negative pressure wound therapy devices, is driving market growth. These advancements offer improved healing outcomes and patient comfort.

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“The advanced wound care market is poised for steady and consistent growth,” says FMI. “The rising burden of chronic wounds, coupled with an aging population and advancements in technology, are creating a strong demand for advanced wound care solutions.”

This highlights the promising future of the advanced wound care market. The increasing demand for effective wound management solutions presents a significant opportunity for market players in the healthcare industry.

The healthcare landscape’s evolving dynamics, coupled with a growing emphasis on patient outcomes and quality of care, are driving the demand for advanced wound care products and services. The forecasted CAGR signifies a sustained and consistent uptrend, creating lucrative opportunities for stakeholders in the global wound care market.

Some of the Key Players Operating in Advance Wound Care Market Include:

Smith & Nephew
Molnlycke Health Care AB
ConvaTec Group PLC
Baxter International
URGO Medical
Coloplast Corp.
Medtronic
3M
Derma Sciences Inc. (Integra LifeSciences)
Medline Industries

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Key Segments Covered in the Advance Wound Care Market Report:

Product:

Hydrogels Dressings
- Antimicrobial Hydrogel Dressings
- Non-Antimicrobial Hydrogel Dressings
Semi-Permeable Films Dressings
- Semi-Permeable Films Dressings
- Antimicrobial Bordered Film Dressings
- Antimicrobial Non-Bordered Film Dressings
Semi-Permeable Films Dressings
- Non-Antimicrobial Bordered Film Dressings
- Non-Antimicrobial Non-Bordered Film Dressings
Alginate Dressings
- Antimicrobial Alginate Dressings
- Non-Antimicrobial Alginate Dressings
Foam Dressings
- Antimicrobial Foam Dressings
- Antimicrobial Bordered Foam Dressings
- Antimicrobial Non-Bordered Foam Dressings
Non-Antimicrobial Foam Dressings
Hydrocolloid Dressings
- Antimicrobial Hydrocolloid Dressings
- Non-Antimicrobial Hydrocolloid Dressings
Collagen Dressings
Contact Layer
Super Absorbent Dressings
Compression System
Antimicrobial Gels
Antimicrobial Powder
Concentrated Surfactant
Skin Protectants
Wound Cleansers
Honey Dressings
Unna Boots
Tapes

Distribution Channel:

Institutional Sales
- Hospitals
- Long-Term Care Centers
Retail Sales

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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Nandini Singh Sawlani

Pelvic Floor Stimulators Market Poised for Explosive Growth is expected to reach US$ 325.41 million by 2033 Fueled by Aging Population and Urological Concerns

The global pelvic floor stimulators market is poised for significant growth, driven by an aging population and a rising prevalence of urological disorders, according to a recent report by Future Market Insights (FMI). The market is expected to reach US$ 325.41 million by 2033, reflecting a promising Compound Annual Growth Rate (CAGR) of 8.8% from 2023.

Pelvic floor stimulators offer a crucial solution for patients struggling with various urologic issues, including cystitis, urinary retention, kidney stones, and benign prostatic hyperplasia. With a growing geriatric population and a concerning increase in urinary problems, particularly in the Asia Pacific region (China, India, and Japan), the demand for these innovative devices is witnessing a significant surge.

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This highlights the key findings of the FMI report, emphasizing the:

Promising Market Growth: The global pelvic floor stimulators market is anticipated to reach US$ 325.41 million by 2033, reflecting a robust CAGR of 8.8%.
Rising Demand for Urologic Solutions: Pelvic floor stimulators address a growing need for effective treatment options for urological conditions like cystitis, urinary retention, and benign prostatic hyperplasia.
Aging Population Drives Market Need: An increasing geriatric population is a key factor propelling the market growth, particularly in regions with a high elderly population density.
Asia Pacific Region as a Growth Hub: Countries like China, India, and Japan within the Asia Pacific region are witnessing a significant rise in demand for pelvic floor stimulators due to a growing elderly population and increasing awareness of urological issues.

How are Industry Players Increasing their Foothold in the Market?

Competitors providing pelvic floor stimulators are introducing innovations to invigorate their product portfolios. By releasing technologically advanced products, the companies are targeting potential customers. Additionally, the firms are engaging in mergers and acquisitions to support their market position. By implementing these strategies, companies can boost their capacity, multiply their product portfolio, and enhance device competency.

Following are Some Recent Developments in the Market:

Product Launch

Zynex, an electrotherapy devices manufacturer launched NeuroMove in February 2018. The product is aimed at survivors of stroke who seek to regain their movement using neuroplasticity.

Acquisition

Laborie, a medical technology company completed the acquisition of Clinical Innovations in February 2020. The acquisition was completed for US$ 525 million. Through this acquisition, the company projected to invigorate its foothold in the market.

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Key Players in the Market:

Medtronic Plc
Atlantic Therapeutics
Laborie Inc.
The Prometheus Group
Everyway Medical Instruments Co., Ltd.
KayCo 2 Ltd.
InControl Medical Ltd.
Tic Medizintechnik GmbH
Shenzhen XFT Medical Ltd.
Chiaro Technology Ltd.
Zynex Inc.
Utah Medical Products, Inc.
Verity Medical Ltd.

Pelvic Floor Stimulators Industry by Category:

Product Type:

Electrical stimulators
Magnetic Stimulators

Application:

Urinary Incontinence
Sexual Dysfunction
Neurodegenerative Diseases

End User:

Hospitals
Ambulatory Surgical Centers
Specialized clinics
Homecare setting

Region:

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

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Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

Female Pelvic Implants Market Size: The female pelvic implants market is projected to account for sales worth US$ 258.91 million by 2023. The market is projected to observe a CAGR of 2.8% in the forecast period, reaching US$ 341.26 million by 2033.

Bone Growth Stimulators Market Share: The bone growth stimulators market size is projected to be valued at US$ 2.1 billion in 2023 and is expected to rise to US$ 5.4 billion by 2033. The sales of bone growth stimulators are expected to grow at a significant CAGR of 10.1% during the forecast period.

Spinal Cord Stimulators Market Growth: The spinal cord stimulators market size is estimated to register a revenue of US$ 5,441.4 million by 2033. Our healthcare experts opine that spinal cord stimulator suppliers can expect a promising CAGR of 7.2% through 2033, with a present valuation of US$ 2,702.7 million in 2023.

Pelvic Floor Diagnostics Market Demand: The overall valuation of the pelvic floor diagnostics market is projected to total US$ 2,056.74 million in 2023. By the end of 2033, the market is estimated to equal US$ 3,753.39 million, recording a CAGR of 6.2%.

Bowel Stimulators Market Outlook: According to the latest research by Future Market Insights, Bowel Stimulators market is set to witness a 6.3% growth during the year 2021-2031.

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Nandini Singh Sawlani

Global Insulin Pen Market Expected to Reach US$ 66 Billion by 2033, Driven by Rising Diabetes Cases and Technological Advancements

The global insulin pen market is witnessing significant growth, fueled by a rise in diabetes cases worldwide. According to recent industry reports, the market size reached an impressive US$ 35 billion in 2023. This upward trend is anticipated to continue, with the market projected to surge at a Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2033. By 2033, the market is expected to reach a staggering US$ 66 billion.

The primary driver of this growth is the alarming increase in diabetes diagnoses globally. Unhealthy lifestyles marked by poor dietary habits and physical inactivity are significant contributors to this rise in diabetes prevalence. As obesity and related health concerns become more prevalent, the demand for effective insulin delivery solutions like insulin pens is expected to climb.

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The market offers a variety of options to cater to patient needs. Cost-conscious patients can opt for disposable insulin pens, while those prioritizing long-term value can choose reusable pens. Additionally, the introduction of smart insulin pens has revolutionized diabetes management. These innovative devices can record past readings, providing valuable data for doctors to make informed treatment decisions. The ability to automatically regulate insulin based on the severity of diabetes has further attracted significant investor interest.

Insulin pens offer several advantages over traditional methods, making them particularly appealing for elderly users. They are user-friendly, with thin needles that minimize discomfort compared to conventional injections. Pre-set insulin levels further enhance convenience and save time. These benefits, coupled with rising disposable incomes and advancements in medical technology, will likely propel the market forward.

However, the development of alternative insulin delivery methods might pose a challenge to the market’s growth. Additionally, stringent regulations in certain regions could hinder market expansion.

Key Takeaways:

The insulin pens market is valued at US$ 35 billion as of 2023.
By 2033, the market is expected to reach a valuation of US$ 66 billion.
The market might surge at a CAGR of 6.5% during the forecast period.
Based on the regional analysis, North America is expected to hold the largest market share.
USA insulin pens market expected to surge at a CAGR of 6.3%.
UK market anticipated to grow at a CAGR of 5.8%.
China market projected to advance at a CAGR of 6%.
Japan market expected to rise at a CAGR of 5.2%.
South Korea insulin pens market all set to advance at a CAGR of 4.7%.
Based on product type, the disposable insulin pens segment is expected to hold the largest market share, and is anticipated to surge at a CAGR of 6.1%.
Based on distribution channel, the hospital pharmacy segment is projected to hold the highest market share, and is expected to advance at a CAGR of 5.6%.

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Competitive Landscape:

The key players operating in the market are making massive investments in the R&D to develop top quality insulin pens. Furthermore, the manufacturers are also maintaining strategic partnerships with major players from other niche to focus on capability expansion as well. Apart from that, the focus has also been on the leadership. A lot of key players have appointed some of the most experienced professionals having a good know-how of the sector.

In September 2022, Novo Nordisk and Microsoft collaborated to accelerate drug discovery and development using the big data and artificial intelligence.

Key Players:

NovoNordisk A/S
Sanofi
Eli Lilly
Diamesco Co., Ltd.
BigFoot Biomedical, Inc
Medtronic plc
Emperra GmbH E-Health Technologies
YpsoMed AG
DUKADA Aps

Insulin Pens Market Segmentation:

By Product Type:

Reusable Insulin Pen (Refillable Pens, Bluetooth Connected Smart Insulin Pen, USB Connected Smart Insulin Pen, Cartridge)
Disposable Insulin Pens
Smart Insulin Pens Caps
Insulin Pump

By Indication:

Type 1
Type 2

By Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Sales
Diabetes Clinic

By Region:

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

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Global Rx-to-OTC Switches Market Set for Explosive Growth, Reaching US$ 66.5 Billion by 2033, Says FMI

The global Rx-to-OTC switches market is on track for a remarkable expansion, with a projected valuation of US$ 66.5 billion by 2033, according to a fresh analysis by FMI, a leading market intelligence and consulting firm. This represents a significant growth from the estimated market size of US$ 38.7 billion in 2023, reflecting a compound annual growth rate (CAGR) of 5.6% over the forecast period.

This phenomenal growth underscores a significant transformation within the pharmaceutical industry. The strategic shift towards converting prescription drugs into readily available over-the-counter (OTC) medications is a key driver propelling the Rx-to-OTC switches market forward.

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“The surge in demand for Rx-to-OTC switches underscores the evolving dynamics of the pharmaceutical industry,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “This trend not only offers new opportunities for market players but also holds significant implications for consumers worldwide.”

The conversion of prescription medications to OTC status not only enhances consumer access to essential healthcare products but also empowers individuals to take greater control over their health and well-being. Additionally, it enables healthcare systems to alleviate burdens on medical professionals and reduce healthcare costs.

FMI anticipates that factors such as increasing consumer awareness, favorable regulatory reforms, and advancements in healthcare technologies will continue to drive growth in the Rx-to-OTC switches market.

As the industry landscape evolves, FMI remains committed to providing comprehensive insights and strategic guidance to help businesses navigate the changing market dynamics effectively.

Several factors are driving the global market are:

Increasing Consumer Accessibility: Consumers can obtain several prescriptions from the counter without conveniently visiting doctors driving the global market.
Cost-effectiveness: The demand for rx-to-OTC switches are growing due to their cost-effective solutions. Manufacturers are developing advanced switches to attract consumers to manage their health conditions. Consumers are price-conscious, therefore they are looking towards affordable products that are driving the global market.
Consumer Empowerment: Consumers are more concerned about their health and self-care and increasingly adopt rx-to-OTC switches. These switches manage health conditions and promote self-reliance, contributing to significant market growth.
Expanding Treatment Options: Several medications and treatment options are available for consumers that expand the global market. It provides prescription drugs for managing health.
Supportive Regulatory Environment: Manufacturers invest in research and development activities to develop advanced switches by adopting favorable environmental regulations. The regulatory authorities imposed clear guidelines to approve the process to encourage manufacturers.

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Key Takeaways:

In the historical period, the market captured a valuation of US$ 36.8 billion with a CAGR of 4.3% in 2022.
The United States is registering a share of 86.7% in the global market by 2033.
With a share of 17.2%, Germany is significantly driving the global market during the forecast period.
Japan is estimated to surge the global market by capturing a share of 52.4% by 2033.

How are Key Players Adopting Strategic Plans to Drive the Global Market?

The market is highly fragmented by prominent players present across regions. These players significantly drive the global market by innovating unique and advanced products. They are focused on consumers’ requirements and develop products as per their requirements. They are taking feedback from their relevant consumers to fill product gaps.

The key players are adopting various market methodologies to upsurge the global market at another level. These marketing methodologies are mergers, collaborations, acquisitions, partnerships, acquisitions, and product launches.

The key players play a crucial role in the global market by promoting, branding, and distributing their improved products on social media, online, and offline platforms. Their continuous dedication towards their work and investment in research and development activities are fueling the global market by 2033.

Recent Developments in the Global Market:

Product Launch

The new emergency contraceptive pill, a birth control measure, ‘morning-after pills,’ which is of two types: Levonelle or ellaOne was launched recently. These switches are quicker to access during emergency contraception.

Product Approval

In 2020, the United States Food and Drug Administration (FDA) approved nasal steroid flonase. It allows consumers to treat allergies without any prescription.

Other Prominent Players In The Global Market Are:

GlaxoSmithKline plc.
Astrazeneca, Merck KGaA
Johnson & Johnson
Bayer AG
Sanofi
Boehringer Ingelheim Consumer Healthcare
Bausch and Lomb (A Subsidiary of Bausch Health)
Galderma SA
Alcon
Arbor Pharmaceuticals

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Market by Category:

Drug Category:

Allergy and Respiratory
Fungal Infections & Other Infections
Overactive Bladder
Oral Contraceptives
Gastrointestinal Drugs
Hair Loss Treatments
Smoking Cessation
Analgesic, Inflammation And Pain Management
Others (Lice, Acne, Weight Loss, And Laxatives)

Distribution Channel:

Retail Pharmacies
Hospital Pharmacies
Drug Stores
Online Pharmacies

By Region:

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

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Nandini Singh Sawlani

Global Nasal Sprays Market Set for Explosive Growth, Reaching US$ 32.6 Billion by 2033, According to Future Market Insights Study

The global nasal sprays market is poised for a surge in growth, reaching an estimated value of US$ 32.6 billion by 2033, according to a groundbreaking study by Future Market Insights. This represents a remarkable projected Compound Annual Growth Rate (CAGR) of 6.2%, indicating a strong upward trajectory for the market.

The study, which meticulously analyzes market trends and dynamics, reveals that the nasal sprays market achieved a significant valuation of US$ 16.9 billion by the end of 2022. This impressive growth is attributed to the dynamic shifts witnessed in the pharmaceutical landscape, where nasal sprays are increasingly recognized as a cornerstone for addressing global healthcare needs.

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Future Market Insights’ study underscores the vital role nasal sprays play across various therapeutic applications. This growing demand, coupled with the convenience and effectiveness of nasal drug delivery, is propelling the market towards significant expansion.

This effectively conveys the key takeaways from the study:

Market Growth: The nasal sprays market is experiencing exceptional growth, projected to reach a value of US$32.6 billion by 2033.
Strong CAGR: The market is anticipated to grow at a steady pace, with a CAGR of 6.2%.
Shifting Landscape: The study emphasizes the changing pharmaceutical landscape, with nasal sprays playing an increasingly important role.
Widespread Applications: The report underscores the diverse therapeutic applications of nasal sprays, driving their demand.

By disseminating this, you effectively position your company or organization at the forefront of this burgeoning market.

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Competition Analysis:

Recent Updates from the Industry:

In October 2021, Cipla’s consumer health arm announced an anti-viral nasal spray called Naselin, which contains ‘povidone Iodine’ to protect against coronavirus and respiratory tract infections.
In August 2021, CDMO Bora Pharmaceuticals Laboratories Inc. announced its partnership with Kyowa Pharmaceuticals Industry Co. Ltd. The initiative aims to manufacture generic products, including nasal sprays, in Japan.

More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global nasal spray market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

Key Players:

Astra Zeneca Plc.
Cipla Ltd.
Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
Glaxosmithkline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma
Bayer AG (Bayer Consumer Health
Covis Pharma S.a.r.l.
Nipro Corporation (NIPRO JMI Pharma Ltd.)
Viatris Inc. (Meda Pharmaceuticals Inc.)
Perrigo Company plc

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Key Segments Profiled in the Nasal Spray Market Report

Product:

Decongestant Sprays
Nasal Steroid Sprays
Nasal Antihistamine Sprays
Nasal Cromolyn Sodium Sprays
Nasal Anticholinergic Sprays
Nasal Triamcinolone Sprays

Formulation:

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

Packaging:

Pressurized Canisters
Pump Bottles

Distribution Channel:

Institutional Sales
Hospitals
Community Clinics
Specialty Clinics
Public Health Agencies
Veterinary Hospitals & Clinics
Retail Sales
Retail Pharmacies
Drug Stores
Mail Order Pharmacy

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Nandini Singh Sawlani