Market Research Blog – Page 3459 – New Product Development

E-commerce Surge Fuels Demand: Global Rigid Boxes Market Set to Expand at 5%-6% CAGR Through 2032

The global rigid boxes market is forecasted to experience substantial growth at a Compound Annual Growth Rate (CAGR) of nearly 5% to 6% during the forecast period of 2022-2032. The market, driven by the growing trend of premiumization, particularly in luxury rigid boxes, is expected to create an absolute dollar opportunity exceeding US$ 5.5 billion by the end of 2032, expanding at a CAGR of approximately 4% to 5% from 2022 to 2032.

Key Drivers Spearheading Rigid Boxes Market Growth:

Transformation in the Packaging Industry: Over the past decade, the packaging industry has witnessed a significant shift from metal and plastics packaging solutions to paper fiberboard and corrugated ones. This transformation is driven by evolving customer preferences and end-user demands for packaging solutions tailored to specific product and application requirements.
Customizable Solutions: Market players are focusing on providing customizable rigid packaging solutions, catering to a wide range of needs from basic to luxury boxes. This trend is anticipated to foster growth in the global rigid boxes market.
Demand Across Industries: Rigid boxes are experiencing robust demand across various industries including food & beverages, chemicals, electrical & electronics, cosmetics & personal care, and healthcare. They are utilized for primary, secondary, and bulk packaging applications, driving market expansion.
Rising Consumption of Packaged Food & Beverages: The increasing working population and fast-paced lifestyle, especially in developed countries like the U.S., Germany, Japan, the U.K., among others, are contributing to the surge in consumption of packaged and ready-to-eat food & beverage products. Rigid boxes, such as paperboard and corrugated boxes, are extensively used for primary and bulk packaging of products like chocolates, tetra pack juice, snacks, packaged bakery products, breakfast cereals, and more. The escalating sales of packaged food & beverage products are expected to fuel the demand for rigid boxes globally.

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Strategic Implications and Market Opportunities

The increasing emphasis on sustainable packaging practices, coupled with technological advancements in packaging materials and design, presents significant opportunities for innovation and growth within the rigid boxes market. Industry players are leveraging these trends to develop eco-friendly solutions and enhance product differentiation.

Industry Trends:

Sustainable Packaging Practices: Businesses in the rigid boxes market are increasingly adopting sustainable practices, incorporating recyclable and biodegradable materials to align with consumer preferences for eco-friendly packaging solutions.
Digitalization in Design and Production: The integration of digital technologies in the design and production processes of rigid boxes allows for more efficient customization, shorter lead times, and greater flexibility to meet evolving market demands.
E-commerce Packaging Solutions: The growing trend of e-commerce is driving businesses to focus on packaging solutions that ensure product safety during transit, leading to increased demand for rigid boxes tailored to the specific needs of online retail.
Brand Differentiation through Packaging: Companies are leveraging unique and eye-catching designs in rigid boxes to differentiate their brands on store shelves and enhance the overall consumer experience, contributing to increased market competitiveness.
Collaborative Sustainability Initiatives: Collaboration between businesses and packaging suppliers to develop and promote sustainable packaging solutions is a prominent trend in the rigid boxes market, driven by a collective industry effort to reduce environmental impact.

The rapidly growing e-commerce and logistics industries are creating opportunities for the global industry to grow, which is due to the market’s growth. These industries are increasing the need for stiff packaging options for delicate and sensitive goods. Due to the growing premiumization trend, a number of industries are adopting luxury rigid boxes at an increasing rate. As a result, it is anticipated that the market for premium rigid boxe market will provide an absolute dollar opportunity during the evaluation period.

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Business Growth Drivers:

E-commerce Packaging Surge: The exponential growth of e-commerce fuels increased demand for rigid boxes as a secure and visually appealing packaging solution, driving market expansion.
Premium Branding Preferences: Businesses’ emphasis on premium and luxurious packaging for brand differentiation propels the adoption of rigid boxes, contributing to the market’s sustained growth.
Environmental Sustainability: The rising consumer awareness and demand for eco-friendly packaging solutions boost the rigid boxes market, with a growing preference for recyclable and biodegradable materials.
Customization and Personalization Trends: The trend towards customized packaging to enhance brand identity and create a unique consumer experience fosters the use of rigid boxes across various industries.
Rising Demand in Consumer Goods: The consumer goods sector’s increasing need for sturdy and protective packaging amplifies the demand for rigid boxes, particularly for fragile and high-end products, influencing market growth positively

Competitive Landscape
Prominent players in the global rigid boxes market are focusing on launching sustainable products and mergers & acquisitions to increase their share in the highly competitive market.

Key Players:

International Paper Company
Mondi Group Plc
Metsä Board
Bee Packaging
Tat Seng Packaging Group Ltd.
Stora Enso Oyj
Smurfit Kappa Group Plc

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Key Segmentation:
By Material Type:
Paper
Containerboard
Paperboard
Plastic
Polypropylene
High-Density Polyethylene
Other plastics
Metal
Aluminum
Steel

By Product Type:
Basic Rigid Boxes
Secondary Rigid Boxes
Luxury Rigid Boxes

By End Use:
Electrical & Electronics
Cosmetics & Personal Care
Food & Beverages
Healthcare
Home Care
Automotive & Allied Industries
Chemical
Others

By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan

Author

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

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

About Future Market Insights (FMI)

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

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Milk Money: Lactose Market Set to Surge to US$ 4,169.8 Million by 2033

The global lactose market is expected to be valued at US$ 2,312.50 million in 2022 and is projected to reach US$ 4,169.8 million in 2033. A robust CAGR worth 6% is expected for the market during the 2023 to 2033 forecast period.

Used as a filler or filler binder in the manufacturing of drugs and capsules, the pharmaceuticals domain has emerged as a lucrative application area for lactose-based products. Developing advanced manufacturing processes and technological innovations in industry to produce quality lactose that are consistently safe and effective has fuelled lactose production worldwide.

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In recent years, hundreds of supply shortage incidences have been reported and hence leading to the expansion of advanced technology production facilities will accelerate production capacity and narrow down the supply-demand gap. The ongoing expansion of production facilities with advanced technology accelerates the consumption of lactose and is expected to lead to market growth across the globe.

Key Takeaways

Lactulose to emerge as the lucrative derivative type, accounting for nearly 30% sales
United States will continue to account for significant market share among all countries
Powdered form lactose will continue to outsell lactose in granule form
Food industry will be the mainstay for lactose demand, but opportunities in animal feed are growing
UK lactose to mimic broader consumer trends in Europe
Lactose market players in Japan and South Korea target novel applications

“While food and beverage industry has accounted for bulk of the demand, market players are exploring applications in animal feed and personal care industry ” said a lead analyst at FMI

Competitive Landscape

Emerging nations represent an exceptional opportunity for the lactose industry. Players are making significant investments to penetrate the untapped markets through affordable offerings. Key stakeholders in the lactose market have commenced significant revamps to their strategies in emergent countries and purpose is to increase access to their products.

In recent years, lactose market has witnessed product launches with the development of lactose by key manufacturers in order to increase their market share globally. Companies are coming up with various lactose based ingredient and derivatives for application in various segments.

In 2015, Meggle one of key player of lactose, launched triple compound pharma grade lactose CombiLac®, specifically designed to ease oral solid dosage.
In 2019, Kerry announced to launch Aero Flo brand for inhalation lactose grade. Brand named Aero Flo® for inhalation grades of lactose have been explicitly developed for usage in dry powder inhalers for pulmonary delivery of pharmaceuticals.

Who is Winning?

Some of the key players operating in the lactose market are, Armor Pharma, Avantor, Inc., Ba’emek Advanced Technologies Ltd (Tnuva Group), BASF SE, Davisco Foods International, Inc., DFE Pharma (JV of Royal FrieslandCampina & Fonterra Ltd.), Hilmar Ingredients, Hoogwegt Groep B.V., Kerry plc., Lactose (India) Limited, Merck KgaA, Milei Gmbh, Molkerei MEGGLE Wasserburg GmbH & Co. KG and other players.

Key players are focusing on partnership in order to gain larger market share and to capture new geographical areas to get access to new markets.

In 2019 LBB Specialties announced that it has signed a strategic partnership deal with Meggle for the distribution of Meggle’s Pharmaceutical Lactose excipients, including lactose for inhalation formulations, in the United States.
In 2019, MEGGLE Excipients & Technology signed an agreement with Quadra Chemicals Ltd., a leading chemical and ingredient distributor, to represent its lactose excipient portfolio for the pharmaceutical and nutraceutical industries in Canada.

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Get Valuable Insights into Lactose Market

Key Segment

Form

Powder
Granule

End Use

Food and Beverage
- Bakery
- Confectionery
- Functional Food
Pharmaceutical
Animal Feed

Derivative Type

Lactose Monohydrate
Galactose
Lactulose
Lactitol
Other (tagatose, lactobionic acid)

Region

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

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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Protein Power: Meat Packaging Market to Surge to US$12.3 Billion by 2033 on Rising Demand

The global meat packaging market is poised for substantial growth, with estimates indicating a steady Compound Annual Growth Rate (CAGR) of 5.2% between 2023 and 2033. Forecasts suggest that the market, valued at US$ 7.4 billion in 2023, will exceed US$ 12.3 billion by the end of 2033.

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Key Market Drivers and Highlights:

Growing Consumption of Protein-Rich Products: The increasing consumption of protein-rich products is driving demand for meat packaging solutions worldwide. As consumers seek convenient and hygienic options, the meat packaging industry is experiencing significant expansion.
Rising Demand for Packaged Food Products: There is a notable uptick in the demand for packaged food products, including meat and meat-based items. This trend is fueled by changing lifestyles, urbanization, and evolving consumer preferences for convenience and quality.
Focus on Improving Shelf Life: Meat packaging plays a crucial role in extending the shelf life of meat products while maintaining their original quality and characteristics. As manufacturers prioritize food safety and preservation, the demand for innovative and efficient packaging solutions continues to rise.
Sustainability Initiatives: The industry is witnessing a shift towards sustainable packaging solutions in response to environmental concerns and regulatory requirements. Manufacturers are exploring bio-based materials and sustainable packaging options to reduce plastic usage and enhance eco-friendliness.

Key Trends Shaping the Global Meat Packaging Industry:

Sustainability Trend: Meat packaging manufacturers are increasingly focusing on sustainable packaging solutions to reduce environmental impact. Development of composite films and exploration of bio-based materials are driving the adoption of eco-friendly packaging options.
Adoption of Transparent Packaging: Clear packaging formats are gaining traction in the meat packaging market, enhancing product visibility and consumer trust. Transparent packaging solutions offer superior transparency, gloss, and product differentiation, influencing purchase decisions at the point of sale.
Application of Vacuum Skin Packaging: Innovations such as vacuum skin packaging are revolutionizing meat packaging, enhancing shelf life, presentation, and cooking experience while reducing food waste. This trend is expected to drive market expansion and meet consumer demand for quality and convenience.

The global meat packaging industry is poised for dynamic growth, fueled by evolving consumer preferences, technological advancements, and sustainability initiatives. As market players continue to innovate and adapt to changing trends, the industry is primed for significant expansion in the coming years.

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Key Takeaways:

By material, polyethylene segment is expected to hold around 56% share of the worldwide meat packaging industry during the assessment period.
In terms of packaging technology, the modified atmosphere packaging technology segment is set to account for around 42% value share of the global market by the end of 2033.
Based on product type, fresh meat segment is anticipated to hold a market share of around 50% in the next decade.
By meat type, poultry meat segment is expected to reach around US$ 4.8 billion by the end of 2033.
East Asia meat packaging market is forecast to expand at 5.5% CAGR through 2033.
Meat packaging demand across South Asia is likely to surge at 6.1% throughout the assessment period.
The USA is forecast to hold around 17.4% share of the global meat packaging industry in 2023.

“Growing demand for hygienic and well-preserved meat products with a prolonged shelf life is expected to drive the global meat packaging market swiftly during the projection period,” says an FMI analyst

Sustainability Offered by Flexible Packaging Formats to Augment Meat Packaging Market Development

Flexible packaging offers numerous benefits compared to rigid packaging materials. These benefits include lower energy usage, less raw material consumption, lower carbon footprint, and relatively lesser waste production. Lowered environmental impact can be achieved by reducing the quantity of material used in packaging.

Various stringent policies related to reuse and recyclability of plastics are being formed by governments worldwide. Administration of these regulations for improving sustainability is expected to propel the demand for flexible packaging in the future. This will eventually boost meat packaging market.

key players:

Amcor Plc,
Berry Global Inc.,
Winpak Ltd.,
Sealed Air Corp.,
Mondi Group,
Amerplast Ltd.,
Faerch Plast A/S,
Bollore Group,
Constantia Flexibles Group GmbH,
Sonoco Products Company,
Thantawan Industry Plc and
Cascades Inc.

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Meat Packaging Industry By Category:

By Material Type:

Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Polyamide (PA)
Others

By Product Type:

Fresh Meat
Processed Meat
Frozen Meat

By Meat Type:

Beef
Pork
Poultry
Seafood
Others

By Packaging Technology:

Modified Atmosphere
Vacuum Skin
Vacuum Thermoformed
Others

By Region:

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Navigating Profitable Waters: Fishmeal & Fish Oil Market Set to Reach US$ 13.0 Billion by 2033

The Fishmeal & Fish Oil Market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.

As a result of increased by-product utilisation and a growing aquaculture industry, production of fishmeal and fish oil is likely to climb moderately in the future years.

According to the OECD, aquaculture’s contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to outnumber catch by 10 million tonnes by 2029.

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Fish meal and fish oil have plainly declined in feed formulations as feed demand has climbed in concert with expanding aquaculture production, and they have been partially replaced by vegetable replacements like as soymeal and rapeseed oil.

Due to scarcity, fishmeal and fish oil will be used more frequently as strategic components at lower percentages and for certain stages of manufacturing.

A multitude of factors can influence the development and dynamics of the global markets for fish oil and fishmeal. Extrinsic variables such as weather and environment, fishery management, trade regulations, and so on are included.

Key Takeaways from the Fishmeal & Fish Oil Market

The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.
China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.

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Latest Developments

In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.

In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.

Key Segments Fish meal & Fish Oil Market

Source:

Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps

Application:

Aquaculture & Aquatic Feeds
Land Animal Feeds and Livestock
Agriculture and Fertilizers
Pharmaceuticals
Dietary Supplements

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The 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

Unlocking Investment Potential: The Rise of Postbiotic Supplements Market with 11.5% CAGR by 2032

The Postbiotic Supplements Market is witnessing rapid expansion, projected to reach US$ 28.3 million by 2032, with an impressive CAGR of 11.5%. These supplements are gaining popularity due to their potential to improve gut health and overall well-being. The increasing consumer awareness regarding the importance of postbiotics is driving market growth.

Postbiotic supplements are formed as probiotics mature in the digestive tract. Probiotics digest prebiotics to produce postbiotic vitamins. These are considered “wasted” probiotics. It does not always appear that byproducts are good for our health. They actually serve a number of important functions in our digestive tracts that promote health.

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Postbiotic supplements have been proposed as a viable feed additive to improve wellness and development effectiveness in monogastric animals such as chickens and pigs. Postbiotic supplements have the potential to take the place of active probiotics. Postbiotic supplements are used in pharmaceuticals, utilitarian food products, and the food business for health benefits, illness prevention, and restorative purposes.

Increasing Health Awareness among Consumers Creating Positive Scenario for Postbiotic Supplements:

A person’s healthy microbiome, which is their big, naturally diverse population of intestinal bacteria, can manufacture all the postbiotic nutrients they require. When combined with lifestyle changes like controlling stress, adopting a healthier diet, ingesting fewer pollutants or unnecessary pharmaceuticals, or adopting a healthier lifestyle, these treatments are more successful.

Postbiotic supplements can be a sophisticated and safe strategy to promote health because they have less storage and shelf life problems than live probiotics. It is anticipated that growing demand for sports nutrition products will significantly contribute to promoting the use of postbiotic supplements in North American and European countries. This is because leading an active lifestyle is becoming increasingly important, and people are becoming more aware of the benefits of taking postbiotic supplements.

The positive outlook on the sports nutrition business is another important motivator. Athletes are urged to concentrate on physical strength by raising their immunity as the number of international athletic events rises. Supplements for postbiotics offer vital nutrients needed for a healthy body and a healthy life. Over the projection period, it is expected that rising consumer awareness of the importance of maintaining excellent gut health and the high prevalence of digestive health problems will fuel demand for postbiotic supplements. In nations like China and India, it is anticipated that the importance of a balanced diet would become increasingly recognised.

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Global Postbiotic supplements market: Market Participants

The key market participants identified across the value chain of the global Postbiotic supplements market are:

Dr. Emil Nutrition
For The Biome
Designs for health
Beekeeper’s Naturals
MaryRuth Organics
POSTBIOTICA SRL
Essential Formulas Incorporated (Dr. Ohhira’s Probiotics)
Glac Biotech Co., Ltd.
KOREA BIOPHARM
Pro Formulations MD
MRM Nutrition
Bio Complete 3
GUT ARMOR
Probulin
Others

In 2109, Sabinsa released Lactosporin, a Novel Probiotic Metabolite for hair and skin. It is a postbiotic drug with a strong antioxidant activity and 50 percent free radical scavenging inhibition. The drug also has a significant anti-inflammatory and dose-dependent activity against collagenase.

Opportunities for the Postbiotic supplements market:

Consumers are increasingly becoming aware of the role a healthy digestive system plays in promoting overall wellbeing. Evolving research areas are leading manufacturers to develop new products that address broader customer demands. Nevertheless, growing NPD operation has sparked questions on the market about transparency and efficiency. Research now focuses on and investigates the microbiota, attempting to identify indicators in the hopes of preventing or diagnosing health issues and diseases.

When probiotics were metabolized, postbiotics were developed and those cultures were thought to have been absorbed into the intestinal tract. Postbiotics may be a clever alternative to using whole bacteria in a probiotic form. Postbiotics have entered marketable applications in the field of personal care, which has given market players the ability to expand their product portfolio. Postbiotics are anticipated by professionals as “the metabolic by-products or bacterial products of gut microbes that have biological processes in our bodies” and are an exciting new area for research and development.

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Brief Approach to Research Postbiotic Supplements Market:

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end use of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes

Postbiotic Supplements Market by Category

By Form:

Soft-gel and Chews
Capsules and Tablets
Powder and Granules

By Distribution Channel:

Health & Beauty Store
Drug Store
Modern Trade Channel (Supermarkets & Hypermarket)
Online Retailing

By Region:

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

Report Highlights:

An overview of the Postbiotic supplements market, including background and evolution
Macroeconomic factors affecting the Postbiotic supplements market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the Postbiotic supplements market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major participants in Postbiotic supplements market
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the Postbiotic supplements market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

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

Global Orthopedic Trauma Device Industry to Reach US$ 21.24 Billion, Propelled by a Solid 6.4% CAGR by 2034 | FMI

The Global Orthopedic Trauma Device Industry is on the brink of a significant transformation, with industry experts forecasting a remarkable valuation of US$ 21.24 billion by 2034. The market, currently valued at US$ 11.39 billion in 2024, is experiencing an impressive Compound Annual Growth Rate (CAGR) of 6.4%.

This upward trajectory signifies a momentous evolution in the Global Orthopedic Trauma Device Industry, attributed to a confluence of factors. Technological advancements, a surge in musculoskeletal injuries, and a growing aging population are driving forces propelling the market toward unprecedented growth.

The industry’s commitment to innovation and adaptability is evident in its steady ascent. The commendable CAGR of 6.4% showcases the resilience of the Global Orthopedic Trauma Device Industry in meeting the evolving healthcare demands of a dynamic global landscape.

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Based on the regional analysis, the global orthopedic trauma devices industry will continue to witness dominance in North America, which currently accounts for a major portion of the total revenues. With around 48% value share observed in 2021, North America’s orthopedic trauma devices industry is estimated to attain a value of over US$ 6 Bn by the end of 2028. Western Europe is also identified to be a key market, holding the second-largest position in terms of value.

Manufacturers will however discover attractive opportunities in developing economies, including Asia Pacific, Latin America, and Middle East, and Africa. Among the emerging regional markets, Asia Pacific excluding China and Japan (APECJ) is likely to emerge at a relatively higher pace, followed by MEA. China is expected to be the most lucrative market owing to the highest estimated CAGR value over 2022-2028. The strong presence of key companies will reportedly uplift the markets in North America and China.

A majority of the key companies operating in the global orthopedic trauma market are opting for strategic mergers and acquisitions, in addition to new product launches. According to the report, the tier 1 companies, followed by the tier 3 players, contribute most of the revenue. Tier 1 includes DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., and Smith & Nephew Plc., which collectively represent nearly 70% share of the total market revenues. Among these, DePuy and Stryker will continue to remain the top players worldwide over the next decade. Tier 3 accounts for a relatively decent revenue share and includes brands such as Arthrex, Inc., RTISurgical, Medartis, Integra LifeSciences Corporation, Japan MDM, S. H. Pitkar Orthotools Pvt Ltd, Weigao Group Co Ltd, and Invibio Ltd.

Others operating in the global orthopedic trauma devices industry include Johnson & Johnson Services, Inc., Wright Medical Group NV, B. Braun Melsungen AG, Orthofix International, and OsteoMed. Growing outpatient surgical procedure demand and boosting funds for delivery of the top-notch trauma care are foreseen to collectively create a lucrative pool of opportunities for the leading bunch of companies in the global marketplace. The market is also witnessing the development of novel and effective products for use in trauma care, which stands to be another important opportunity.

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Key Global Orthopedic Trauma Device Industry Players

Medtronic, Inc.
Invibio Ltd.
OsteoMed
Weigao Group Co Ltd.
Arthrex, Inc.
Johnson & Johnson Company
CONMED, Tornier, Inc.
Stryker Corporation
Zimmer Holding Inc.
NuVasive
Medartis
Olympus Corporation

Key Segments in the Global Orthopedic Trauma Device Industry Report

By Product Type:

Internal Fixators
- Screws
- Intramedullary Nails
- Plates
- Others
External Fixators
- Unilateral Fixators
- Circular Fixators
- Hybrid Fixators

By End User:

Hospitals
Orthopedic and Trauma Centers
Ambulatory Surgical Centers

By Region:

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

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Author

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

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

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

About Future Market Insights (FMI)

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

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Global Cellulite Treatment Industry Set for Remarkable Growth at 7.2% CAGR, Surpassing US$ 7.37 Billion by 2034 | FMI

The Global Cellulite Treatment Industry is poised for remarkable growth, with a projected valuation of US$ 3.67 billion in 2024, according to the latest market analysis by industry experts. The forecast suggests a compelling compound annual growth rate (CAGR) of 7.2% from 2024 to 2034, anticipating the market to exceed US$ 7.37 billion by the end of the forecast period.

This exponential growth is attributed to several factors, with the global obesity epidemic taking center stage. The rise in obesity, primarily fueled by unhealthy dietary practices and sedentary lifestyles, is anticipated to be a significant catalyst for the expansion of the cellulite treatment market in the next decade.

The “Global Cellulite Treatment Industry” report provides a comprehensive and in-depth analysis, making it an invaluable resource for stakeholders, industry experts, and healthcare professionals. This research report offers insights that not only anticipate the industry’s significant growth but also shed light on the evolving dynamics of cellulite treatment on a global scale.

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Hard Cellulite is Predicted to Hold an Attractive Market Share shortly

One major driver behind the growth of the cellulite treatment Industry is the increasing number of obese population. There is also an increased number of cases of fat deposition. The people who are comparatively overweight mostly face this problem, in turn triggering the demand for cellulite treatment. These cases have helped people grow aware of cosmetic surgeries and have also broadened the scope of these surgeries in the market. There’s a significant rise in aesthetic procedures taking place worldwide.

Especially in Brazil, where around 5,500 cosmetic surgeons were performing the second highest number of aesthetic procedures after the U.S. Around 1,450,020 minimally invasive and non-surgical procedures were performed in Brazil in 2016. Among different types of cellulite, hard cellulite is expected to register a growth rate of around 7.8% during 2022-2028, which is higher than other cellulite types.

North America Slated for Strongest Projections in the Global Cellulite Treatment Industry

Among the major regional divisions made for the research conducted on the global cellulite treatment Industry, North America shows the strongest prospects with an expected market value of over US$ 2,100 Mn by the end of 2028, growing at an impressive CAGR of 8.1% during the forecast period. The growth is helped by North America’s moderate economy and healthcare market.

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Also, in the U.S., a large base of the population, especially youngsters, suffer from fat deposition-related disorders. The region is also ahead of other regions due to its developed economy and advanced facilities. The cellulite treatment involves advanced techniques which are also costly for people to afford. This makes the market more prominent in developed regions like North America.

Key Segments of Global Cellulite Treatment Industry Survey

Global Cellulite Treatment Industry by Treatment Procedure:

Non-Invasive Cellulite Treatment
Minimally Invasive Cellulite Treatment
Topical Cellulite Treatment

Global Cellulite Treatment Industry by Cellulite:

Soft Cellulite
Hard Cellulite
Edematous Cellulite

Global Cellulite Treatment Industry by End User:

Cellulite Treatment in Hospitals
Cellulite Treatment in Ambulatory Surgical Centres
Cellulite Treatment in Specialized Dermatology Clinics

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Global Cellulite Treatment Industry by Region:

North America Cellulite Treatment Market
Latin America Cellulite Treatment Industry
Europe Cellulite Treatment Market
East Asia Cellulite Treatment Industry
South Asia & Pacific Cellulite Treatment Market
Middle East & Africa (MEA) Cellulite Treatment Industry

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)

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 Varicella Zoster Infection Treatment Industry on Track to Reach US$2.0 Billion Valuation by 2028, at a CAGR of 4.1% | FMI

The Global Varicella Zoster Infection Treatment Industry is on the brink of a transformative journey, as revealed by a comprehensive report from Future Market Insights (FMI). The industry is set to surpass the US$ 1.5 billion mark in 2020, with an impressive Compound Annual Growth Rate (CAGR) of 4.1%. This growth trajectory is expected to lead to a significant milestone, with an anticipated value of US$ 2.0 billion by 2028.

The surge in growth witnessed in the Varicella Zoster Treatment Industry can be attributed to several key factors. Advances in medical research, coupled with technological innovations, have played a pivotal role in shaping the industry’s upward trajectory. Additionally, there is a growing global awareness of varicella-zoster infection, further fueling the demand for effective treatments.

Acyclovir Leads the Way: In 2022, acyclovir is set to dominate the global varicella zoster infection treatment market, accounting for more than 55.7% of the market share, according to the latest data from Future Market Insights.

Understanding Varicella: Varicella, commonly known as chickenpox, can lead to complications such as secondary bacterial skin infections, cerebellitis, encephalitis, hemorrhagic complications, and viral and bacterial pneumonia when it manifests acutely. The epidemiology of varicella is influenced by climate, with 90% of people in temperate climatic regions becoming infected before adolescence. In tropical climates, Varicella Zoster Virus (VZV) infection occurs later in life, and adults are more susceptible to it than children.

The Challenge of Herpes Zoster: Herpes zoster, or shingles, is a sporadic disease caused by the reactivation of latent VZV in the sensory nerve ganglia. It is characterized by severe pain with a dermatomal distribution and, at times, followed by post-herpetic neuralgia, which can be chronic and debilitating among the geriatric population.

As the Varicella Zoster Infection Treatment Industry continues to evolve, these insights provide valuable information for stakeholders, healthcare professionals, and researchers. The market’s upward trajectory highlights the importance of continued research and development in this critical healthcare segment.

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Though herpes zoster can occur at any age, most of the cases are reported after the age of 50 along with increasing risks of complications.

To cater to the needs of the patients and provide a potential treatment for this infection, companies are entering into strategic partnerships to make use of the technology of the other leading companies and are also focussing on research and development.

Risk of Varicella in Pregnancy and the Need to Adhere to the Guidelines of Chickenpox Treatment to Bode Well for the Market

Primary infection with varicella zoster in pregnancy may cause maternal mortality or serious morbidity issues. A particular guideline issued in 2015 assesses the evidence regarding maternal and fetal risks of varicella-zoster virus infection in pregnancy. The U.K. Advisory Group and Swiss and Canadian national guidelines prescribe procedures for the use of antiviral drugs in pregnancy. The U.K. Advisory Group provides guidelines for chickenpox as well.

These guidelines recommend oral acyclovir, which should be prescribed for pregnant women within 24 hours once they present the onset of the rash and if they have 20+0 weeks of gestation or beyond. Guidelines are unanimous nevertheless, in recommending that intravenous acyclovir be administered in cases of severe maternal infection. This factor along with the fact that the rate of exposure and transmission is extremely high in this infection and is a threat for pregnant women and kids, is expected to boost the growth of the varicella zoster infection treatment industry.

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Natural Products to Challenge Market Growth

Several people opt for other treatment options for herpes zoster and varicella. These alternative treatment options are expected to hamper the growth of the antiviral drugs for Global Varicella Zoster Infection Treatment Industry. Homeopathy, supplements, and other natural herbal medicines are used to treat herpes zoster and varicella.

Global Varicella Zoster Infection Treatment Industry Key Players:

Novartis AG,
Pfizer Inc.,
Abbott Laboratories,
Sun Pharmaceuticals Industries Ltd.,
Valeant Pharmaceuticals International Inc.,
Teva Pharmaceutical Industries Ltd.,
Dr. Reddy’s Laboratories, ltd.,
Mylan N.V. and
GlaxoSmithKline

Global Varicella Zoster Infection Treatment Industry Segmentation – by Category

By Drug Type:

Acyclovir
Valacyclovir
Famciclovir

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By Route of Administration:

Oral
Injectable
Topical

By Distribution Channel:

Hospital pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores

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)

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 On-Site Preventive Care Industry to Reach New Heights at US$33.8 Billion, Backed by a 6.8% CAGR | According to FMI

The Global On-Site Preventive Care Industry is poised for a remarkable upswing, with projections indicating an impressive trajectory that is set to culminate in a staggering US$33.8 billion valuation by 2028. This optimistic forecast stems from an exhaustive analysis conducted by Future Market Insights (FMI) in their latest report titled “On-site Preventive Care Market: Global Industry Analysis (2022-2028) and Opportunity Assessment

At the heart of this anticipated success is a robust Compound Annual Growth Rate (CAGR) of 6.8%, signifying the industry’s resilience and its potential for substantial expansion. The comprehensive study emphasizes that this growth is expected to kick off from an estimated USD 22.8 billion in 2022, underscoring the sector’s rapid progression over the forecast period.

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On-site clinics enable employees to receive the required essential care at the time of emergency without having to leave the workplace. The clinicians in these clinics also aid employees in searching for a primary care physician whom they can consult with regularly. As a Future Market Insights analyst quotes, “Changes in lifestyle among the working class have incessantly impelled employers to establish certain behavioural standards within the workplace. This is one of the core factors responsible for the growing adoption of on-site preventive care in several organizations across the globe.”

North America and Western Europe to Compete Neck and Neck

In 2017, North America held a share of 37.0% in the global on-site preventive care market closely trailed by Western Europe. The dominance of North America can be attributed to the several policies implemented by the U.S. government about employee safety and the adoption of certain employee codes of safety. The U.S. is also an extremely mature market owing to the high adoption of workplace wellness programmes.

Burgeoning Penetration of Workplace Wellness Programmes to Bode Well for the Market

In the recent past, workplace wellness programmes have earned the merit of being one of the most adopted healthcare services in the world. It has been further expected that its adoption will increase in the coming years owing to the implementation of the Affordable Care Act. This act is expected to promote an increase in the employee-based coverage of workplace wellness and also promote these programmes through several provisions. Moreover, the growing incidences of chronic diseases among the working population have also become a matter of concern and this has compelled employers across the globe to adopt as well as promote workplace wellness programmes.

Furthermore, employers who have adopted on-site preventive care services have reported enhanced performance ranging from heightened morale and cost savings to productivity. The death of time, access, and cost along with misunderstanding of the benefits of prescribed wellness programmes result in the underutilisation of primary care services. As a result, employees flood emergency rooms, missing out on critical preventive care measures and also leaving chronic conditions unmanaged. In this regard, on-site clinics provide employees with the necessary support without having to leave their work and the clinicians also work together with the patients in a cohesive environment to address their various health-related issues.

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Companies to Innovate Services in the Global On-Site Preventive Care Industry

To stay ahead of the competition, several companies operating in the global market are focussing on innovating their existing services and integrating new services. Some of the leading companies in the market are Premise Health, OnSite Care, Inc., PrevMED, RepuCare, Healthcare Solutions Centers, LLC, McCormack & Kale Motiva Health & Chiropractic, Inc., Marino Wellness, Kinema Fitness, and TotalWellness.

Key Market Segments Covered in Global On-Site Preventive Care Industry Research

By Service Type

Acute Care
Chronic Disease Management
Wellness and Coaching
Nutrition Management
Diagnostic and Screening
Others

By Management Model

In-house Management Model
Hybrid Management Model
Outsourced Management Model

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Anaesthesia Machines Industry Projecting an 8.6% CAGR and a Lucrative US$27 Billion Market by 2033 | FMI

The Global Anaesthesia Machines Industry is on the brink of a transformative expansion, redefining the landscape of healthcare solutions worldwide. Projections suggest that the industry is set to achieve a remarkable valuation of US$11.73 billion by the close of 2023, with even more extraordinary growth anticipated. Fueled by a robust Compound Annual Growth Rate (CAGR) of 8.6%, industry experts predict a substantial market size of US$27 billion by the year 2033.

This significant surge in the Global Anaesthesia Machines Industry is underpinned by the consistent and substantial trajectory of growth indicated by the robust 8.6% CAGR. The upward momentum is a result of a confluence of factors, with technological advancements at the forefront. Innovations in anaesthesia machine technology are enhancing patient safety, comfort, and overall healthcare delivery.

Global Anaesthesia Machines Industry Trends and Highlights

One of the key trends shaping the Global Anaesthesia Machines Industry is the increasing portability and compactness of these devices. This transformation allows for their use in remote and underserved areas, along with ambulatory surgery centres. The accessibility and mobility of these machines open doors to a broader range of healthcare settings, ensuring that essential anaesthesia services are available where they are needed most.

Moreover, the demand for non-invasive and minimally invasive medical procedures is on the rise, fueled by the promise of lower risks and faster recovery times. As these procedures gain popularity, anaesthesia machines that cater to these innovative techniques are poised to witness a surge in demand. This paradigm shift underscores the market’s adaptability to meet the evolving healthcare landscape.

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Continuous advancements in the design of anaesthesia machines have been observed to improve operating efficiency, patient safety, outcome, and convenience. Market participants are concentrating on new product development and the launch of innovative products with enhanced features and capabilities.

Anesthesia apparatuses are medical devices used to deliver anaesthesia to patients during surgical or other medical procedures. These machines are designed to deliver a precisely controlled mixture of gases, including oxygen, nitrous oxide, and various anaesthetic agents, to the patient’s lungs.

The research report “Global Anaesthesia Machines Industry: Analysis (2012-2016) and Opportunity Assessment (2017-2027)” published by Future Market Insights throws light on several aspects driving the global market. The growth of the market is impacted by various trends, developments, drivers and challenges, the analysis of which is included in the fact-based research report. The exhaustive research publication covers historical data analysis along with current scenarios as well as future projections of the market from a value standpoint for 10 years, starting from 2017 till 2027. The analysis on various segments playing a major role in the expansion of the global anaesthesia market has been carried out to get a complete picture of the global market.

Increasing Need for Anaesthesia Procedures to Spur the Adoption of Anaesthesia Machines in the Coming Years

According to WHO (World Health Organization) and World Bank, by 2026, the treatments demanding surgeries and hence anaesthesia machines would eclipse that of tuberculosis and HIV as well as malaria. The current market scenario portrays the fact that about 30% of the population in the entire globe do not have access to surgeries. On the contrary, about 75% of major procedures are being performed in the wealthiest countries in the world whereas poor countries are witnessing only 3.5% of operations.

Government bodies along with non-government institutions are continuously working on offering healthcare access to every region, which is expected to trigger the adoption of anaesthesia machines. The growing number of surgeries and increasing government support are expected to fuel the growth of the Global Anaesthesia Machines Industry at a global level in the years to follow.

However, product recalls due to defects in devices, shortage of healthcare professionals, adoption of refurbished machines, lack of public access to healthcare facilities and lack of clinical resources are expected to pose hindrances to the growth of the global market.

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Segmental Highlights on the Global Anaesthesia Machines Industry

Concerning region, North America and Asia Pacific excluding Japan (APEJ) are expected to showcase high growth potential. The Anaesthesia machines Industry in North America (led by the US) is estimated to be the largest, whereas the market in APEJ is expected to rise at a comparatively high-value CAGR during the forecast period
Concerning modality, standalone anaesthesia machines are expected to witness increased adoption across the globe in several hospitals and clinics. This segment is expected to lead the global market with a high valuation and is projected to expand at a relatively high CAGR throughout assessment

Segmentation Analysis of the Global Anaesthesia Machines Industry

By Modality:

Standalone
Portable

By Application:

Hospitals
Surgical Ambulatory Centres
Clinics
Nursing Facilities

By Region:

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

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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.

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