Global Medical Nitroglycerin Sprays Market appears poised for remarkable expansion, slated to attain US$ 163.5 million by 2033, according to FMI

Medical Nitroglycerin Sprays Market
Medical Nitroglycerin Sprays Market

As per the research conducted by FMI, the global medical nitroglycerin sprays market size is expected to record a CAGR of 3.9% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 110.9 million. By 2033, the valuation is expected to reach US$ 163.5 million.

The group of medications known as nitrates includes nitroglycerin. They are used to treat chest pain (angina) symptoms in persons with coronary artery disorders. A vasodilator called nitroglycerin spray is applied right before engaging in activities that could result in angina attacks to stop angina from happening.

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The nitroglycerin spray is thought to be affordable and convenient. Besides that, it has better therapeutic effects than other medications. Also, it has fewer negative effects than conventional drugs. These factors are anticipated to drive the market for nitroglycerin spray in the following years.

North America is predicted to lead the market for medicinal nitroglycerin sprays. The increased frequency of cardiac artery disease in North America and the presence of prominent players are the primary factors driving the market for nitroglycerin spray in the region.

Saudi Arabia’s need for pharmaceutical products is increasing as non-communicable illness prevalence is rising and healthcare infrastructure is getting better. The market for medical nitroglycerin sprays is projected to increase in the next few years as a result of factors such as rising healthcare spending, rising cardiovascular illness incidence, and rising health consciousness.

Key Takeaways Global Medical Nitroglycerin Sprays Industry:

  • The medical nitroglycerin sprays market is expected to surpass US$ 163.5 million by 2033.
  • The nitroglycerin spray is considered economical and easily accessible thus expected to drive the
  • The medical nitroglycerin sprays market is likely to record a CAGR of 9% through 2033.
  • The medical nitroglycerin sprays market is anticipated to reach a valuation of US$ 110.9 million in 2023.
  • The medical nitroglycerin sprays market reached a valuation of US$ 106.3 million in 2022
  • The medical nitroglycerin sprays market recorded a CAGR of 8% from 2018 to 2022.
  • Nitroglycerin sprays may cause migraine among people, hence it may restrain the market to some extent.

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Competitive Background:

The key players operating in the medical nitroglycerin sprays market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the medical nitroglycerin sprays market. As a result, market participants are likely to have a better overall revenue share in the global medical nitroglycerin sprays industry.

Development in the Market:

  • G-Pohl-Boskamp GmbH & Co. is a successful independent pharmaceutical manufacturer in Germany. Its product portfolio comprises a variety of treatments for several chronic illnesses. The Nitrolingual Pumpspray, which comes in 60 and 200 metered sprays per container, is made by the corporation.

Significant Market Players:

  • Perrigo Company Plc.
  • Evus Health Solutions LLC.
  • G. Pohl-Boskamp GmbH & Co.
  • Akrimax Pharmaceuticals LLC
  • Glenmark Pharmaceuticals Ltd
  • Dalmia Bros. Pvt. Ltd.
  • Troikaa
  • ESPERO BIOPHARMA, INC
  • Square Pharmaceuticals Ltd
  • Sun Pharmaceutical Industries Ltd.

Key Segments of Global Medical Nitroglycerin Sprays Industry Survey:

Global Medical Nitroglycerin Sprays Industry by Application:

  • Prophylaxis of Angina Pectoris
  • Acute Relief of Attack (Treatment)

Global Medical Nitroglycerin Sprays Industry by Dose Capacity:

  • 60 Metered Sprays/Bottles
  • 90 Metered Sprays/Bottles
  • 200 Metered Sprays/Bottles
  • 230 Metered Sprays/Bottles

Global Medical Nitroglycerin Sprays Industry by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Global Medical Nitroglycerin Sprays Industry by Region:

  • North America Medical Nitroglycerin Sprays Market
  • Latin America Medical Nitroglycerin Sprays Market
  • Europe Medical Nitroglycerin Sprays Market
  • East Asia Medical Nitroglycerin Sprays Market
  • South Asia & Pacific Medical Nitroglycerin Sprays Market
  • The Middle East & Africa (MEA) Medical Nitroglycerin Sprays Market

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About Future Market Insights (FMI)

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

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Global Food Sterilization Equipment Market Surging to US$ 850 Million by 2032 with a 5.7% CAGR | FMI

Food Sterilization Equipment Market
Food Sterilization Equipment Market

The anticipated size of the global market for food sterilization equipment is set to reach US$ 850 million by the year 2032, exhibiting a steady growth at a 5.7% Compound Annual Growth Rate (CAGR) throughout the forecast period.

The escalating concerns related to food safety in both the food and beverage industry and the foodservice sector on a global scale are fueling the demand for efficient food sterilization equipment. Consumers are increasingly favoring clean label food products and those manufactured using sustainable methods.

In response to this trend, food processing companies are making substantial investments in sterilizing equipment to enhance the shelf life of their products while adhering to rigorous regulatory standards, thereby driving sales in the market. Additionally, the rising demand for ready-to-eat food and beverages is expected to contribute to increased sales of bulk food sterilization equipment in the coming years.

As food safety regulations become more stringent, a growing number of food businesses are opting for clear labels and increased transparency. The clean label movement, driven by consumer preferences, is positively impacting the global food and beverage industry. Manufacturers are aligning with this trend, emphasizing food ingredient sterilization to meet the increasing consumer desire to understand all the ingredients used in a product before making a purchase.

The food sterilization equipment market is projected to benefit from the rising prevalence of foodborne infections and heightened consumer awareness of food safety. Furthermore, the increasing demand for non-thermal sterilization processes is fostering innovation in the market, contributing to overall growth.

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 “Growing establishment of international fast food chains and gourmet restaurants across emerging economies, along with technological advancements in non-thermal food sterilization equipment will continue boosting sales over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on process, sales in the continuous food sterilization equipment segment will grow at a 6.6% CAGR through 2032.
  • By application, demand for food sterilization equipment for seasoning and herbs will remain high.
  • In terms of technology type, the heat food sterilization equipment segment will remain lucrative.
  • Sales in the Australia food sterilization equipment market will grow at a 6.5% CAGR through 2032.
  • The U.S. will continue dominating the North America food sterilization equipment market, with sales growing at a 8.2% CAGR.

India will account for 31% of the South Asia food sterilization equipment market through 2032.

  • Demand in China food sterilization equipment market is slated to increase at a 9.1% CAGR over the forecast period.

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Competition Landscape

Some of the key players operating in the market include JBT, Buhler AG, Cosmed Group, STERIFLOW Company, DELAMA S.P.A., and Raphanel System. Leading manufacturers are investing in collaborations and partnerships to improve sales in untapped markets.

Food Sterilization Equipment Market By Category

By Process:

  • Batch Sterilization
  • Continuous Sterilization

By Application:

  • Spices
  • Seasonings, and Herbs
  • Cereals & pulses
  • Meat
  • Poultry & Seafood
  • Dairy products
  • Fruits & vegetables
  • Dried fruits & nuts
  • Beverages
  • Others (edible seed, gums, starch, jelly, & other ingredients)
  • Bottled food sterilization
  • Canned food & beverages

By Type:

  • High Voltage Electric Field Sterilization Equipment
  • Inductive Electronic Sterilization Equipment
  • High-Temperature Sterilization
  • Chemical Sterilization
  • Ultraviolet Sterilization Equipment
  • Microwave Sterilization Machine
  • Others

By Technology:

  • Heat
  • Steam
  • Radiation
  • Chemical
  • Filtration
  • Others (HPP and ultrasound technologies)

By Equipment:

  • Milk pasteurization machine
  • Industrial jam vacuum cooker
  • Small-scale industrial jam cooker
  • A processing system for marmalade
  • Sterilizer for ready meals
  • Vegan sauce processing system
  • Craft beer pasteurizer
  • Autoclave sterilizer for canned tuna
  • High-pressure processing machine for juice
  • Industrial bottle sterilizer
  • Steam sterilizer for food pouches
  • Dry heat depyrogenation oven
  • Hot water storage type retort sterilizer
  • Hot water spray-type retort sterilizer
  • Plate type sterilizer
  • Tube type sterilizer
  • Plate heat exchanger for food
  • Rapid preparation sterilizer

By Region:

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

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Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Preterm Birth Diagnostic Test Kits Market Targeting US$ 203.2 Million by 2028

Preterm Birth Diagnostic Test Kits Market
Preterm Birth Diagnostic Test Kits Market

The preterm birth diagnostic test kits market growth gears up for substantial expansion over the next five years. With sales projected to soar to US$ 121.3 million in 2021, the market is set to witness exponential growth, propelled by a compound annual growth rate (CAGR) of 7.6% between 2022 and 2028, culminating in sales reaching US$ 203.2 million.

In a comprehensive study titled “Preterm Birth Diagnostic Test Kits Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” key factors driving sustainable profitability for companies in the preterm birth diagnostic test kits market are meticulously outlined. As industry players strategize to navigate emerging trends, including technological advancements and shifting consumer preferences, they pave the way for a future defined by improved prenatal care and reduced instances of preterm birth.

North America emerges as a pivotal market for preterm birth diagnostic test kits, driving substantial revenue growth. Meanwhile, Europe remains a key source market, boasting a significant concentration of diagnostic facilities. However, the landscape is evolving, with countries in Asia Pacific and the Middle East witn

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Key Findings Presented in the Report on the Preterm Birth Diagnostic Test Kits Market

The report finds that approximately 115.4 million births occurred in 2017, out of which 11.1% births were preterm, which is approximately 12.8 million births. As per WHO, preterm birth complications are the leading cause of deaths amongst children under the age of 5, directly responsible for approximately 1 million death in 2015. Out of these, 3/4th of these deaths can be prevented with cost-effective interventions. The adoption rates for preterm birth diagnostic tests kits ranged from 2% to 15% distributed over various geographies. Majority of the existent patient pool are unaware about the cost-saving benefits of preterm birth diagnostic test kits, thus, a major portion on the preterm birth test kits market has remained untapped which remains open for manufactures of preterm diagnostic test kits to exploit the preterm birth diagnostic test kits market over the forecast period.

Analysis of the Preterm Birth Diagnostic Test Kits Market

For preterm birth diagnostic test kits, blood sample is the most common sample take for diagnosing preterm labor and premature rupture of membrane. Blood sample-based preterm birth diagnostic tests in preterm cases are the most common and widely accepted in the preterm birth diagnostic test kits end users. However, vaginal discharge sample type preterm birth diagnostic tests are gaining popularity for preterm birth diagnostic test kits.

Hospitals, outpatient clinics & diagnostic laboratories using preterm birth diagnostic tests are the primary point of contact for patients experiencing preterm birth symptoms. Hospitals are estimated to account for majority of the revenue share under the end users segment for preterm birth diagnostic test kits market in 2017, owing to being the primary healthcare facility for preterm cases. The prevalent cases of preterm birth, growing demand for cost-effective diagnostic options and preterm birth test kits, and success in clinical studies for developing a rapid preterm birth diagnostic test kits is expected to fuel the growth of the global preterm birth diagnostic test kits market over the forecast period.

Activities across the preterm birth diagnostic test kits manufacturers are restricted to efficiency and specificity testing. The top activity associated with preterm birth diagnostic test kits manufacturers is joint collaboration with various organizations in order to spread awareness, further development, and test the sensitivity, specificity and efficiency of preterm birth diagnostic test kits.

Factors Impacting Growth of the Preterm Birth Diagnostic Test Kits Market

Rising focus on cost-effective diagnosis using preterm birth diagnostic test kits is expected to boost the growth of the preterm birth diagnostic test kits market. Preterm birth diagnostic test kits manufacturing companies focusing on spreading awareness about preterm birth diagnostic test kits and marketing preterm birth diagnostic test kits through campaigns and joint research studies is expected fuel the growth of the preterm birth diagnostic test kits market during the forecast period. However, Preterm birth diagnostic kits experience stiff competition from alternative product lines. Trans-vaginal scans, advanced ultrasound are some of the examinations adopted by healthcare providers over preterm birth diagnostic kits and would pose challenges to the growth of the preterm birth diagnostic test kits market.

Preterm Birth Diagnostic Test Kits Market: Companies

Some of the key preterm birth diagnostic test kits companies analyzed in this report titled Preterm birth diagnostic test kits market include Creative Diagnostics, Qiagen, Medixbiochemcia, Hologic Inc, Sera Prognostics, IQ Products, Biosynex, Nanjing Liming Biological Preparations Co Ltd, Clinical Innovations LLC, BIOSERV Diagnostics GmbH, Wuxi BioHermes Biomedical Technology Co. Ltd, and Anhui Deep Blue Medical Technology.

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Preterm Birth Diagnostic Test Kits Market, By Category

Product:

  • ffN Test
  • PAMG-1 Test
  • IGFBP-1 Test

Sample:

  • Blood
  • Urine
  • Vaginal Discharge

End User:

  • Hospitals
  • Diagnostic Laboratories
  • Outpatient Clinics
  • Research Centers

Author By:

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.

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
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Eyewear Market: Set to Grow at a Healthy Rate of 5.60% by 2033, Unveiling Opportunities in Retail Industry

Eyewear Market
Eyewear Market

By 2033, the eyewear market is projected to reach a valuation of US$291.00 billion, up from US$169.10 billion in 2023. With an anticipated increase in the population of individuals facing vision-related issues, the eyewear market is expected to grow at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2033.

According to the World Health Organisation (WHO), 2.2 billion people worldwide suffer from poor vision as a result of frequent use of computers, tablets, and phones. This figure is anticipated to rise in the upcoming years as well. According to an additional estimate, if patients took the recommended medications and wore the appropriate glasses, 80% of these issues might be avoided or resolved. When taken as a whole, these data indicate that there is a global need for glasses among people.

People usually wear glasses to fix their eyesight problems caused by nearsightedness, uneven myopia or astigmatism. Besides these, it can also be suggested by eye doctors right away after the patient has had surgery on their eyes. With many parts of the world having older people, there will probably be a big increase in demand for eyewear. This is because old folks are likely to have problems with their eyesight.

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Outside of doctor’s offices, glasses are now a big part of what people wear everyday in terms of clothing and style. Big companies are working with famous people from social media, stars and sports players to help advertise their glasses well. People who play sports and care about staying fit help make money for the eyewear business when doing adventure things.

Business Growth Drivers:

  1. Increasing Vision Problems: With the rise in digital device usage and aging populations, there is a growing prevalence of vision-related issues, such as myopia, hyperopia, and presbyopia, driving the demand for corrective eyewear.
  2. Fashion Trends: Eyewear is not just a functional accessory; it has become a fashion statement. Changing fashion trends and preferences for designer eyewear among consumers contribute significantly to market growth.
  3. Technological Advancements: Innovations in lens materials, frames, and coatings enhance the comfort, durability, and performance of eyewear, attracting consumers towards upgrading their glasses or lenses.
  4. E-commerce Growth: The proliferation of e-commerce platforms has made it easier for consumers to browse, compare, and purchase eyewear online, expanding the market reach and accessibility.
  5. Increasing Awareness: Greater awareness about eye health and the importance of regular eye check-ups have led to a higher adoption of eyewear products, especially among younger demographics.
  6. Corporate Wellness Programs: Employers increasingly include vision care benefits as part of their wellness programs, boosting demand for prescription glasses and contact lenses among employees.
  7. Expanding Geriatric Population: The aging population globally drives the demand for reading glasses, bifocals, and progressive lenses, as age-related vision impairments become more common.

Industry Restraints:

  1. High Cost of Quality Eyewear: Quality eyewear products often come with a high price tag, which can deter price-sensitive consumers from purchasing or upgrading their eyewear regularly.
  2. Counterfeit Products: The prevalence of counterfeit eyewear products in the market poses a challenge to reputable brands, impacting their sales and brand reputation.
  3. Limited Access to Eye Care Services: In certain regions, especially in developing countries, limited access to eye care services and optometric professionals can hinder the adoption of eyewear products.
  4. Health Concerns with Prolonged Screen Time: The increasing prevalence of digital eye strain due to prolonged screen time on computers and smartphones raises concerns about eye health but may not always translate to increased sales of eyewear products.
  5. Regulatory Hurdles: Strict regulations related to product safety, labeling, and manufacturing standards can pose challenges for eyewear manufacturers and distributors, particularly in terms of compliance and certification.
  6. Fashion Fads and Short Product Lifecycle: Rapid changes in fashion trends can lead to shorter product lifecycles for certain eyewear designs, resulting in inventory management challenges and potential losses for retailers.
  7. Environmental Impact: The production and disposal of eyewear products contribute to environmental concerns, particularly regarding plastic waste and carbon emissions, which may influence consumer perceptions and purchasing decisions.

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“The eyewear market is now very condensed due to numerous international brands. These brands have to come up with innovative marketing strategies to always stay in touch with their loyal consumers. In the last few years, it can be noticed that brands have been heavily investing in developing frames and lenses from sustainable materials that can be 100% recycled”, says Sneha Verghese, Senior Consumer Goods and Products Consultant at Future Market Insights (FMI).

Key Takeaways from the Eyewear Market Report:

  • The eyewear market is expected to grow by 5.6% for the forecast period of 2023 to 2033.
  • Metal-framed glasses and spectacles dominate the global eyewear market, with an overall revenue share of 45%.
  • Regarding product type, sunglasses capture a 10% of the global eyewear market revenue.
  • India is the leading market for eyewear, with a remarkable growth rate of 8% CAGR from 2023 to 2033.
  • India is followed by China (6.60%), Germany (6.20%), and Singapore (6.20%) in terms of eyewear market growth.

Competitive Landscape of the Eyewear Market:

A mix of well-established and niche-focused companies characterizes the eyewear market’s competitive landscape. Ray-Ban, Oakley, Gucci, etc., have historically had an essential market share for years.

These companies have a prolonged consumer base and are constantly making innovations to keep up with recent trends in the fashion industry. Small brands need help to maintain their position in the market. In the past few years, there has been an influx of celebrity-owned brands in the international and local marketplaces.

Key Companies in the Eyewear Market

  • Luxottica Group S.p.A.
  • Essilor International SAS
  • Johnson & Johnson Vision Care, Inc.
  • Safilo Group S.p.A.
  • Alcon Vision LLC
  • Carl Zeiss AG
  • Cooper Companies
  • GrandVision
  • Prada S.p.A
  • Valeant Pharmaceuticals International, Inc.
  • Silhouette International Schmied AG
  • LVMH Group
  • Marcolin SpA
  • De Rigo Vision SpA
  • Hoya Corporation
  • Fielmann AG

Recent Developments:

  • Ray-Ban has launched a new generation of Ray-Ban Meta smart glasses in partnership with EssilorLuxottica, which can shoot and record HD videos in just one touch. Users can also go live on their social media platforms using the camera of these sunglasses.
  • Marchon, one of the most prominent eyewear designers and producers in the world, is finding inventive ways to use recycled and bio-based materials in the 22 million frames it produces annually for brands like Lacoste, Nike, and Calvin Klein. The company has announced that it would soon manufacture frames from castor beans.
  • Ampere, the world’s leading eyewear, recently announced a series of glasses with the world’s first light and touch-responsive, prescription-ready glasses with instant electronic tint control.

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Market Segmentation

By Product Type:

  • Sunglasses
  • Spectacle
    • Spectacle Frame
    • Spectacle Lens
  • Contact Lens
    • Soft Contact Lens
    • Rigid Gas Permeable Lens
  • Plano Sunglasses
  • Polarized
  • Non Polarized

By End Use:

  • Male
  • Female
  • Unisex
  • Kids

By Sales Channel:

  • Online
  • Hypermarkets/Supermarkets
  • Specialty Stores (Optical Stores)
  • Franchise Outlets
  • Multi-Brand Stores
  • Hospitals/Clinics

By Material Type:

  • Metal
  • Plastic
  • Silicone

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Canned Soup Market to Hit US$ 2.8 Billion by 2022 with a 6.6% CAGR | FMI Study

Canned Soup Market
Canned Soup Market

As per Future Market Insights, the projected sales for canned soup are anticipated to achieve a valuation of US$ 5.3 billion by the year 2032, experiencing a notable growth at a 6.6% Compound Annual Growth Rate (CAGR) within the forecast period spanning from 2022 to 2032. Canned soup, crafted with fresh vegetables and meat, has gained heightened popularity owing to its nutritional benefits and extended shelf life.

Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge.

Other factors influencing the growth in the market include increase in the working population, fast-paced lifestyle, and per capita spending on processed food goods, among others. Also, growing demand for ready-to-eat food products and rising health concerns will boost the market.

Canned soups are a widely available, handy, and are convenient as ready-to-eat food product. With growing prevalence of obesity in North America, demand for boxed soups made with natural, fresh ingredients and minimal preservatives is increasing.

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Key Takeaways

  • The U.S. canned soup market is expected to witness fastest growth over the forecast period due to the high presence of leading companies.
  • Europe canned soup market will surpass US$ 868 Mn, accounting for 31% of demand share in the global market
  • Based on type, the condensed soup segment will remain dominant due to increased health benefits.
  • In terms of processing, the organic condensed soup will remain highly sought-after over the forecast period.

“Increased demand for packaged and ready-to-eat food products will favor the sales of canned soup across the globe. With increased spending on convenient food products, key players are likely to introduce new flavors to expand their consumer base”, says a lead analyst at Future Market Insights.

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Competitive landscape

Some of the players in the market are Campbell Soup Company Amy’s Kitchen Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever, Struik Foods Europe NV, Vanee Foods Company, BCI Foods Inc., Hain Celestial.

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Canned Soup Market By Category

By Type:

  • Condensed
  • Ready-to-eat

By Category:

  • Vegetarian
  • Non vegetarian

By Processing:

  • Regular Soup
  • Organic Soup

By Distribution Channels:

  • Supermarkets
  • Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

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Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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Creamy Ascension: Dairy Whiteners Market Set to Soar to US$ 19.29 Billion by 2033 with a 6.1% CAGR | FMI

Dairy Whiteners Market
Dairy Whiteners Market

The dairy whiteners market to be worth US$ 11.06 billion by 2023, expanding at a CAGR of 6.1% from 2023 to 2033. By 2033, the dairy whiteners industry is expected to reach US$ 19.29 billion.

The demand for dairy whiteners is being fueled by an increase in tea consumption and the health advantages of these products. The demand for dairy whiteners is significantly influenced by their accessibility and ability to provide the same taste as milk.

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Unraveling the Driving Forces behind Economic Growth

Lactose Intolerance is on the Rise among Millennials

The global dairy whitener market offers exponential income potential due to younger generations’ increasing lactose intolerance. New clients and consumer trends will give endless chances for the global dairy business. The introduction of new flavours and bases will be key market drivers.

Coffee Culture is Becoming Widely Available and Popular

The dairy whiteners market benefits from the extensive availability of dairy whitener in both online and offline outlets. Aside from that, the growing use of dairy whitener among lactose-intolerant patients is driving market expansion. The expanding acceptability of coffee culture, as well as the increasing use of modern technologies such as spray drying and hydrogenation in the production of dairy whitener, are driving up sales.

Opportunity

The rising number of consumers with health conditions like lactose intolerance is one of the main causes. They are now more inclined to choose dairy goods like dairy whitener as a result.

The dairy whiteners manufacturers are producing unique base, kind, and flavor variations. Due to this, consumers have access to a variety of products, which affects how they shop. Customers are drawn to dairy whitener as a result.

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Regional Analysis

The leading revenue share in the global dairy whiteners market belongs to the Asia Pacific region, and this trend is to last during the forecast period. Increased population, growing urbanization, and the presence of many tea and coffee drinkers in the area, particularly in developing nations are accelerating the market in the region.

Due to the high population of coffee drinkers in the region—both hot and cold—North America holds the second-significant revenue share in the dairy whiteners industry.

Key Takeaways

  • United States dairy whiteners business acquires a market share of 19.4% between 2023 and 2033.
  • Germany dairy whiteners industry acquires a market share of 6.5% between 2023 and 2033.
  • Australia market acquires a market share of 1.9% between 2023 and 2033.
  • Japan dairy whiteners market acquires a market share of 5.3% between 2023 and 2033.
  • China dairy whiteners industry to register a CAGR of 5.2% from 2023 to 2033.
  • India market to record a CAGR of 7.9% between 2023 and 2033.
  • United Kingdom market to expand at a CAGR of 5.0% from 2023 to 2033.
  • By product type category, the unflavored dairy whiteners segment holds a market share of 65.9% during the forecast period.
  • By packaging category, the sachets segment holds a market share of 38.6% during the forecast period 2023-2033.

Competitive Environment

Prominent dairy whitener manufacturers intend to broaden their footprint across promising areas. By using growth tactics such as introducing new products, developing strategic collaborations with existing companies, and purchasing small-scale manufacturers.

Nestlé, Fonterra, Danone, Amul, FrieslandCampina, and Lactalis are some of the leading competitors in the global dairy whiteners industry. Arla Foods, Dean Foods, Saputo, Yili Group, Muller, Dairy Farmers of America, Schreiber Foods, Land O’ Lakes, Mother Dairy, Sodiaal, Mengniu, Morinaga Milk Industry, and Kraft Heinz are among the other significant corporations.

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Latest Development

  • Expansion

Fonterra Co-operative said in October 2021 that its dairy product outreach in the United Kingdom to expand further, as the country has promised to remove tariffs on all dairy products over the next five years in order to erase restrictions encountered.

Key Segment

By Product Type:

  • Flavoured Dairy Whitener
  • Unflavored Dairy Whitener

By Packaging:

  • Carton Packs
  • Sachets
  • Plastic Jars
  • Jigger Pots
  • Stick Packaging

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Instrument Cleaners & Detergents Market is on the trajectory of notable growth, with an estimated value of US$ 3.2 Billion by 2033

Instrument Cleaners & Detergents Market
Instrument Cleaners & Detergents Market

The global instrument cleaners & detergents market is experiencing remarkable growth, with a valuation of US$ 2.1 billion in 2022, as reported by a recent study conducted by Future Market Insights. Projections indicate a continued expansion at a Compound Annual Growth Rate (CAGR) of 4.0%, aiming to reach a substantial valuation of US$ 3.2 billion by the year 2033.

According to the comprehensive study, detergents are poised to take the lead in the market, capturing a dominant share of approximately 73.3% in 2023 within the global market landscape. This significant market share underscores the growing demand for effective cleaning solutions across various industries that rely on precision instruments.

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The rise in demand for instrument cleaners and detergents is driven by the increasing need for stringent cleanliness standards in industries such as healthcare, research, manufacturing, and laboratories. Precision instruments require meticulous care, and the market’s steady growth reflects the awareness and emphasis on maintaining optimal hygiene in these sectors.

“Our commitment to providing cutting-edge solutions aligns with the industry’s evolving needs,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “As a leading player in this market, we are poised to capitalize on the growing demand for high-quality instrument cleaners and detergents. Our innovative products aim to address the specific challenges faced by industries relying on precision instruments.”

As a market leader, Future Market Insights continues to invest in research and development to introduce advanced formulations and eco-friendly solutions, contributing to the sustainable growth of the instrument cleaners & detergents market.

Key Takeaways from Instrument Cleaners & Detergents Industry Study:

  • The global market is expected to reach US$ 3.2 billion by 2033, growing at a steady CAGR of 4.0% from 2023.
  • Detergents currently dominate the market, holding a share of over 73.3% in 2023.

Driving Factors:

  • Rising healthcare demand: Increasing surgical procedures, endoscopic interventions, and awareness of infection control in healthcare settings are fueling the need for effective cleaning solutions.
  • Chronic disease prevalence: Growing rates of chronic diseases like cancer and heart ailments lead to more surgeries and medical interventions, boosting the market.
  • Focus on food safety: Stringent regulations and emphasis on hygiene in food processing industries drive the demand for instrument cleaners for equipment sanitation.
  • Scientific advancements: Advancements in research require specialized cleaning agents for laboratory instruments, contributing to market growth.

Market Trends:

  • Enzymatic detergents: Gaining popularity due to their effectiveness in removing organic matter and biological contaminants.
  • Sustainability focus: Eco-friendly and biodegradable cleaning solutions are increasingly sought after.
  • Automation: Automated cleaning systems are gaining traction, driven by efficiency and improved hygiene standards.
  • Regional growth: Asia Pacific and Latin America are expected to witness significant market expansion due to rising healthcare awareness and investments.

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Who is winning?

Some of the leading players operating in the market are concentrating on rising acquisitions at territorial levels. The pattern is mainly seen across Europe and North America. Acquisitions offer organizations the scope to expand portfolio. It is therefore one of the key strategies adopted by the market players to strengthen their footprint. For instance:

  • In, January 2021, STERIS Plc and Cantel Medical Corp announced that STERIS has signed a definitive agreement to acquire Cantel, through a U.S. subsidiary. Cantel is a global provider of infection-prevention products and services, primarily to endoscopy and dental Customers.
  • In December 2020, CANTEL MEDICAL CORP. and Censis Technologies announced a new long-term partnership to combine Cantel’s leading infection-prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions from Censis.

Key Companies Profiled:

  • Metrex Research, LLC
  • Ruhof Corporation
  • Case Medical, Inc.
  • Certol International LLC
  • ORO Clean Chemie AG
  • Medalkan
  • STERIS Plc
  • Getinge Group
  • Ecolab Inc.

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Instrument Cleaners & Detergents Industry by Category:

By Product Type:

  • Cleaners
  • Liquid Solutions
  • Foam-based Cleaners
  • Gel-based Cleaners

By Process Type:

  • Presoak
  • Manual cleaning
  • Automatic Cleaning
  • Disinfection

By Instrument Type:

  • Surgical instruments
  • Endoscopes
  • Ultrasound
  • Dental Instruments
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Specialty Clinics
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Almond Milk Renaissance: Market Surging to US$ 14.19 Billion by 2034 with a 9.2% CAGR | FMI Study

Almond Milk Market
Almond Milk Market

The global demand for almond milk is expected to experience growth from its estimated US$ 5895.8 million in 2024 to US$ 14193.79 million in 2034. The almond milk market is projected to advance at a 9.2% CAGR over the projected period.

The revenue growth in the vanilla almond milk industry can be attributed, in large part, to the rising prevalence of lactose intolerance. Growing health concerns and difficulties have resulted in more costly surgeries, and the number of bariatric procedures is one of the main factors fostering the industry expansion of non-dairy almond milk.

Almond milk has a creamy and nutty texture, contains high amounts of calcium and vitamins and can be used in a wide variety of dishes. Rising awareness of the health benefits of almond milk is making it a preferred choice among health-conscious consumers.

The almond milk market is one of the fastest-growing non-dairy and vegan milk segments. Consumers are seeking high-quality, premium-brand, nutritious dairy products, which is compelling manufacturers to launch innovative and premium-label products. This is expected to augment demand in the market over the forecast period.

“Growing preference for organic and non-GMO food and beverages across the globe, along with increasing sales of dairy alternatives through online channels will drive the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • Sales of almond milk in China are expected to grow at a CAGR of 8.8% during the forecast period.
  • Demand for almond milk in the U.S. market will increase at a 7.7% CAGR over the assessment period.
  • Based on end use, demand in the food & beverage sector will continue gaining traction through 2034.
  • In terms of distribution channel, the online stores segment will account for a lion’s share of the almond milk market.
  • In 2022, the powder sub-segment is projected to account for a dominant share in the market.

Competitive Landscape

Some of the key players operating in the almond milk market include Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., Blue Diamond Growers, Galaxy Nutritional Foods, Inc., Tofutti Brands Inc, Califia Farms LLC, Earth’s Own Food Company Inc., Hiland Dairy Foods, Malk Organics LLC, Pacific Foods of Oregon LLC, etc.

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Almond Milk Market by Category

By Type:

  • Plain
  • Flavoured

By Category:

  • Organic
  • Conventional

By Packaging Type:

  • Carton
  • Glass
  • Others

By Application:

  • Beverages
  • Frozen Desserts
  • Personal Care
  • Others

By Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Stores

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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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UHT Milk Surge: Market to Hit US$ 119.792 Billion by 2033 with a 6% CAGR | FMI Study

UHT Milk Market
UHT Milk Market

The UHT milk market is expected to be worth US$ 69.09 billion in 2023 and to thrive at a CAGR of 6%. With a growing emphasis on health and wellness, UHT milk sales are predicted to reach US$ 119.792 billion by 2033. The UHT milk industry can benefit from the growing popularity of healthy alternatives to on-the-go beverages.

Several factors have contributed to the consistent rise of the UHT milk business. One of the primary factors is the growing demand for dairy products with greater convenience and longer shelf life. UHT milk does not need to be refrigerated until it is opened. Making it ideal for areas with limited fridge access or where frequent excursions to the grocery store are impractical.

Accelerating Growth: Key Drivers Propelling the UHT Milk Industry

Several driving forces are causing considerable expansion in the industry. First and foremost, convenience is important because UHT milk does not require refrigeration, providing a longer shelf life and making it easier to store and carry. This convenience appeals to customers who lead hectic lives and have limited access to refrigeration facilities.

Second, because it eliminates the need for constant refrigeration, UHT milk has seen growing demand in areas with limited cold chain infrastructure or unstable power supply. This feature has contributed to the growth of UHT milk markets in underdeveloped countries.

Demand has increased due to a growing taste for longer-lasting dairy products, as well as increased knowledge of food safety and cleanliness. Consumers like the longer shelf life without sacrificing taste or nutrients. These surging dynamics, which include convenience, infrastructural limitations, and customer preferences, are supporting UHT milk industry expansion.

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Lucrative Opportunities in the UHT Milk Industry

The market offers numerous chances for expansion and growth. For starters, rising urbanization and changing lifestyles in emerging nations increase demand for handy, long-lasting dairy products. Second, increased demand for dairy alternatives and plant-based milk creates opportunities for UHT milk derived from non-dairy sources such as soy, almond, or oat.

Third, the expanding e-commerce industry enables simple access to and distribution of UHT milk products. Packaging advancements and the introduction of value-added alternatives, such as flavored UHT milk or fortified options. Allow an opportunity to respond to a wide range of consumer tastes and nutritional needs.

Regional Outlook

The UHT milk business is well-established and growing in developed nations such as North America and Europe. UHT milk’s convenience and longer shelf life have appealed to consumers who lead hectic lives. The market’s rise has been aided by established cold chain infrastructure and stringent food safety requirements.

The UHT milk market is rapidly expanding across Asia Pacific, Latin America, and Africa’s growing economies. Due to the lack of cold chain infrastructure and inconsistent power supply in these areas, UHT milk is an appealing alternative due to its non-refrigeration requirement. Rising disposable incomes, urbanization, and shifting consumer preferences towards packaged and longer-lasting dairy products have all contributed to increased demand for UHT milk.

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Key Takeaways

  • The United States may own 21.6% of the UHT milk market.
  • Germany maintained its 13.4% market share from 2023 to 2033.
  • Japan might capture 1.9% of the UHT milk industry.
  • From 2023 to 2033, Australia had a 1.2% UHT milk market share.
  • China’s business is expected to thrive at a 9.8% CAGR until 2033.
  • Between 2023 and 2033, the India UHT milk industry is expected to record a CAGR of 10.1%.
  • Between 2023 and 2033, the UHT milk industry in the United Kingdom is expected to register a 7.8% CAGR.

Competitive Landscape

Strong competitors with a diverse product portfolio cause fierce competition among current businesses. The key UHT milk manufacturers have a strong global presence. Consumer brand loyalty gives these companies an advantage.

Consumers in the market are looking for fresh and inventive products to help them with their daily life. UHT milk manufacturers are continuously trying to provide consumers with fresh and unique launches that exactly fit their wants, looking for possibilities in the trend.

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Recent Innovations

  • Creamline Introduces Homegrown Dairy Range: UHT Milk, Butter, and Blends

Dairy Group (Pty) Ltd., a South African company, debuted a new range of dairy products under the trademark Creamline in August 2022. UHT milk, butter, and dairy liquid blends are among the items available. Creamline claims that its goods are manufactured from milk processed by its farmers.

  • Hochwald Foods’ New UHT Factory: Expanding Dairy Product Offerings with GEA Group

Hochwald Foods opened a new UHT factory in Mechernich in November 2021. For its product offerings, the company cooperated with GEA Group. With the launch of the new plant, the company can be able to process around 800 million liters of milk per year into dairy products such as UHT milk, UHT cream, and a variety of others.

Key Segment

By Product Type:

  • Skimmed
  • Whole
  • Partly Skimmed
  • Fat filled

By Form:

  • Powder
  • Liquid

By Distribution Channel:

  • B2B
  • B2C
    • HORECA
    • Specialty Stores
    • Modern Trade
    • Convenience Stores
    • Grocery Stores
    • Specialty Food Stores
    • Online Retailers
    • Other Distribution Channel

By Source:

  • Animal-based Milk
    • Cow Milk
    • Goat Milk
    • Buffalo Milk
    • Other
  • Plant-based Milk
    • Almond
    • Coconut
    • Soy
    • Other

By End-use Application:

  • Infant Formula
  • Dairy Product
    • Butter
    • Cheese
    • Yogurt
    • Milk Powder
    • Ice Cream
    • Others
  • Bakery & Confectionery
  • Milk & Milk-based Beverages
  • Retail Sales

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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MRI Guided Neurosurgical Ablation Market Scaling New Heights Beyond US$ 216.3 Million in 2028

The MRI-guided neurosurgical ablation market share emerges as a beacon of progress, poised for remarkable growth at a compound annual growth rate (CAGR) of 5% from 2022 to 2028. With its valuation projected to soar from US$ 154 million in 2021 to a staggering US$ 216.3 million, this groundbreaking technology ushers in a new era of neurosurgical precision.

At the heart of this revolution lies the advent of MRI-guided neurosurgical ablation technology, a monumental breakthrough in neurosurgery. By seamlessly integrating the power of magnetic resonance imaging (MRI) with precise ablation procedures, this cutting-edge approach empowers clinicians to target and treat a diverse array of neurological conditions with unprecedented accuracy and minimal invasiveness.

From brain tumors to movement disorders like Parkinson’s disease, MRI-guided neurosurgical ablation offers highly focused treatment options, revolutionizing patient care. By merging advanced imaging capabilities with precise ablation techniques, it unlocks new frontiers in neurosurgery, offering hope and healing where it’s needed most.

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Traditional neurosurgical procedures often require invasive approaches that come with inherent risks and longer recovery times. However, the MRI-guided neurosurgical ablation market is changing this paradigm. By utilizing real-time MRI imaging during the procedure, neurosurgeons can visualize the exact location of the target tissue and monitor the ablation process with unparalleled precision.

Key Insights :

Amongst Product Type, Accessories contributed maximum market share in the global MRI Guided Neurosurgical Ablation market due to due to rise in number of neurosurgery. MRI Guided Neurosurgery also is expected to gain huge traction in the market over the forecast period due to its increasing adoption.

By End User, Hospitals dominate market share in the MRI Guided Neurosurgical Ablation market due high preference of patient to visit hospitals for the treatment of brain cancer.

North America followed by Western Europe holds the maximum revenue share in the global MRI Guided Neurosurgical Ablation. Companies operating MRI Guided Neurosurgical Ablation focusing expand their business in China and Japan.

China and Japan is the faster growing region for MRI Guided Neurosurgical Ablation market due incidences of brain tumor and expansion strategy followed by key manufacturer in this countries

The growing awareness regarding minimally invasive surgery is expected to fuel the demand for MRI Guided Neurosurgical Ablation in the global market. The demand is primarily emanating from countries such as the U.S. Germany, U.K., Japan and Australia. Enhanced outpatient facilities coupled with affordability are factors contributing to growing demand MRI Guided Neurosurgical Ablation market.

Factors and Trends Impacting the Growth of the Market :

MRI-guided minimally invasive neurosurgery has experienced major momentum in the recent years, propelled by technologies such as MRI Interventions neurosurgical navigation platform and MRI-guided laser ablation platforms developed by Visualase and Monteris. The vast majority of these MRI guided platforms are used within standard diagnostic MRI suites. In a recent survey of neurosurgeons and neurologists, 80% of respondents expressed a belief that real-time MRI-guidance will or can become the future of functional neurosurgery. The utilization of these MRI-guided technologies is not limited to researchers and future applications. Today, clinicians are performing an increasing number of MRI-guided neurosurgical ablation procedures as part of their regular clinical practice. MRI-guidance is enabling a variety of minimally invasive procedures for a broad range of patients, which has enable the future the growth of this market.  Additionally, The laser therapy system such as ClearPoint and Visualase by MRI Intervention and Medtronic; RF ablation therapy system such as RF3000 and Starbrust by Boston Scientific Corporation require at least small incision to perform the surgery. Hence, The launch of MRI-guided system has is a revolved the field of neurosurgery, which is expected to contribute to the growth of the MRI guided neurosurgical ablation market.

Market by Product Type :

Accessories segment by product type is estimated to gain maximum revenue by product type for MRI guided neurosurgical ablation market. While, MRI Guided focused Ultrasound Systems is projected to grow with higher pace throughout the forecast period and it is projected to grow at CAGR of 5.8% throughout the forecast period of 2018-2028.  MRI Guided Laser Therapy System segment by product is expected to represent value share of 14.3% in 2028, from 15.5% in 2018 for MRI guided neurosurgical ablation market. The launch of MRI guided ultrasound focused system in 2016 has enable the significant growth opportunity for MRI guided neurosurgical ablation market.

Regional Outlook :

On the basis of region, the MRI Guided Neurosurgical Ablation market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America is estimated to dominate the global MRI Guided Neurosurgical Ablation market with maximum value share of the overall market in 2017. The North America MRI Guided Neurosurgical Ablation market is estimated to increase at a CAGR of 4.3% over the forecast period to reach the value of US$ 98.9 Mn. Limited awareness among patient about the treatment brain tumor is responsible for the sluggish growth of Latin America and MEA region.

Key Players :

Some of the top players operating in the global MRI Guided Neurosurgical Ablation market such Medtronic plc, Boston Scientific Corporation, Insightec Lmt, AngioDynamics Inc, Monteris Medical Inc, and MRI Intervention Inc. Innovation and partnership are two major strategy followed by manufacturer of MRI guided neurosurgical ablation. Leading manufacturer of MRI Guided Neurosurgical Ablation are focusing on collaboration to promote the use of MRI Guided Neurosurgical Ablation for the treatment of brain tumor. Some companies are focusing collaborate directly with hospitals to promote their MRI Guided Neurosurgical Ablation system. On other hand, few players of MRI Guided Neurosurgical Ablation market are emphasis on collaboration with distributors to expand their regional presence.

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Key Segments:

MRI Guided Neurosurgical Ablation Market by Product Type:

  • MRI Guided Laser Therapy Systems
  • MRI Guided RF Ablation Systems
  • MRI Guided Focused Ultrasound Systems
  • Accessories
    • Probes
    • Electrodes

MRI Guided Neurosurgical Ablation Market by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Research Laboratories

MRI Guided Neurosurgical Ablation Market by Region :

  • North America MRI Guided Neurosurgical Ablation Market
  • Latin America MRI Guided Neurosurgical Ablation Market
  • Europe MRI Guided Neurosurgical Ablation Market
  • East Asia MRI Guided Neurosurgical Ablation Market
  • South Asia & Pacific MRI Guided Neurosurgical Ablation Market
  • Middle East & Africa (MEA) MRI Guided Neurosurgical Ablation Market

Author By:

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.

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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