Revolutionizing Industries: Electronic Skin Market Surges as Wearable Technology and Healthcare Embrace Sensing Abilities

According to a Future Market Insights (FMI) report, Firstly, the electronic skin (e-skin) market, which has a global revenue estimate of over US$ 500 million, is expected to have a rapid year-over-year rise of 20.7% in 2019. Secondly, the electronic skin market, which is still in its early stages and is thriving as a niche sector, is expected to continue having low value and high growth.

The study demonstrates the outstanding potential of the healthcare business to strengthen the applicability of electronic skin technology in the years to come, thirdly, with remote healthcare monitoring taking root and micro-electronics reaching the pinnacle of technological advancements.

Furthermore, remote patient monitoring equipment has been one of the greatest growth variables linked to the performance of the electronic skin market and is expected to play a crucial role in instrumenting demand for electronic skin technology.

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The report suggests that electronic skin technology’s flexibility and ultra-thin design make it ideal for wearable medical devices, benefiting healthcare due to the increasing chronic disease rates and aging population susceptibility.

  • Besides potential applicability in breast cancer diagnostics, the market is favoring from research on electronic skin’s usability in healthy tattoos and non-invasive wound tracking
  • Stretchable conductors and stretchable circuits hold a combined share of more than half of the total electronic skin market revenue

In the backdrop of increasing investments in R&D of developing self-healing, comfortable monitoring systems by using electronic skin, FMI envisages electronic skin gaining the platform technology status in healthcare realm. At present, around 32% of the total revenue is generated by adopting electronic skin in healthcare. The report forecasts bullish prospects for revenue growth through e-skin adoption in healthcare, at around 20% Y-o-Y in 2019.

Consistent growth in research investments directed to discover new application platforms for electronic skin technology is cited as a high-impact demand growth determinant for electronic skin market. Consumer electronics, though currently registering moderately rising usage of electronic skin technology, are on the brink of emerging as the most lucrative investment pocket for electronic skin technology innovators in coming years.

The report foresees that e-skin technology adoption will be on a constant high in consumer electronics, accounting for an exponential rate post-2020.

While electronic skin technology has already been trialed for application in portable remote control systems for hardware, emergence of attractive investment avenues are speeding up adoption of electronic skin in wearables, which already has a sizeable consumer base compared to a majority of other consumer electronics. This according to the report will play a crucial role in bolstering electronic skin market revenue in coming years.

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Moreover, riding on a host of next-generation potential applications in assistive health, communication framework & protocol, and social intelligence robotics among others, electronic skin technology continues to garner research interests.

Highly sensitive pressure sensing and impeccable flexibility are also pushing the functionality of electronic skin technology in H2M (human-machine) interactions. Increasing research efforts concentrating on discovering potential of electronic skin in assisting robotic surgeries point to a magnificent application area developing for electronic skin technology innovation.

“With industrial robots being increasingly subject to sensory features for an efficiency upgrade, the potential of electronic skin technology to invade industrial sector and entirely replace human intervention cannot be understated,” says the FMI report.

Some of the prominent players such as Koninklijke Philips N.V. and Dialog Semiconductor are entering strategic partnerships and R&D collaborations to introduce new product lines. Patent security remains paramount for 3M before new product launches, says the report. However, a majority of competitors operating in global electronic skin market landscape are concentrating on R&D to explore novel e-skin applications that will offer a competitive edge.

Key Segment

Component

  • Stretchable Circuits
  • Stretchable Conductors
  • Electr-active Polymers
  • Photovoltaics
  • Others

Application

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Telecommunication
  • Retail
  • Aerospace & Defense
  • Others

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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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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Global Anemia Treatment Industry to Attain US$ 14.9 Billion by 2028, Propelled by a Remarkable 6.9% CAGR | FMI

The Global Anemia Treatment Industry has reached a significant milestone, surpassing a valuation of US$ 10.0 billion in 2022, setting the stage for unprecedented growth in the coming years. Market analysts predict an exceptional expansion, with the industry poised to reach a staggering US$ 14.9 billion by 2028. This projected surge is underlined by robust sales performance, boasting an impressive Compound Annual Growth Rate (CAGR) of 6.9%.

A recent report from Future Market Insights sheds light on the factors contributing to this remarkable growth. A substantial portion of the demand for Anemia therapy is attributed to cases arising from one or more chronic medical conditions. This highlights the pivotal role the industry plays in addressing the healthcare needs of individuals grappling with anemia associated with various chronic ailments.

The demand for Anemia treatment is chiefly driven by chronic kidney disease (CKD), one of the non-communicable chronic diseases contributing to the demographic shift in emerging regions. Additionally, the increasing popularity of combination therapy is poised to make a substantial impact on the Global Anemia Treatment Industry. The growing utilization of antibiotics, metal chelating agents, erythropoietin-stimulating drugs, and vitamin and iron supplements in combination therapy is recognized as a key driver elevating the prospects of the Anemia treatment Industry in the years to come.

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Vitamin Supplements Gain Significant Traction for Anemia Treatment

A surge in R&D investments is prominently improving the scope of anemia treatment. Moreover, a rising number of pipeline drugs and the promising potential of biosimilars will contribute to the demand for anemia treatment. However, the high price point associated with biologics continues to mask their superior treatment efficacy over conventional medications.

More than 75% of anemia treatment Industry revenue is accounted by medications, of which, ESAs (erythropoietin stimulating agents) remain bestselling. Blood transfusion is also cited as an important type of anemia treatment, contributing to the market growth. However, the demand for the former is poised for a robust double-digit yearly growth in 2021 and ahead.

The lucrative emergence of ESAs and soaring consumption of other biosimilar medications are likely to introduce new investment opportunities in the anemia treatment market. The extensive availability, accessibility, and economic price point of biosimilar drugs are strongly backed by an increasing number of FDA approvals. This according to FMI will significantly contribute to the improvement of CKD, thereby bolstering the revenue of the anemia treatment Industry. FDA recently issued approval to a biosimilar drug by Pfizer for use in anemia treatment – Retacrit (epoetin alfa-epoxy).

Over 55% of dietary supplements consumed as a part of anemia treatment are vitamin supplements. An increasing number of iron-deficient patients will Unveil Click Here to Request Methodology!

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reportedly result in rapid demand growth for iron supplements in years to come, posing strong competition to those vitamin supplements in the anemia treatment market. Currently, almost 60% of the medications and dietary supplements for anemia treatment are available at institutional pharmacies. The report also points to a gradually expanding share of retail pharmacies shortly.

North American patients raise just under a third of the global demand for anemia treatment, whereas more than a third of the total demand is accounted for collectively by East and South Asia. Europe is also cited as one of the key regional markets for anemia treatment providers.

Product-based Business Models Emerge as a Key Competitive Strategy

The consistent quest for therapeutically effective ESAs, dietary supplements, antibiotics, and other biologics to be used in anemia treatment continues to create attractive avenues in the R&D realm. Leading drug manufacturers are investing efforts in launching novel products and upgrading their existing consumable product portfolios. Amgen’s epoetin alpha has been a breakthrough product since its launch in the CKD treatment landscape and growing adoption continues to benefit the company.

Besides augmenting R&D investments, prominent players in the anemia treatment Industry are also focusing on strategic agreements and partnerships – further paving the way for the development of anemia treatment drugs. The emergence of partnership-based models in the competitive landscape of the anemia treatment market is likely to reshape the R&D structure in the anemia treatment Industry. The report prompts major investment opportunities arising in open collaboration strategies. Several drug manufacturers are also opting for partnerships with regional distribution leaders to form effective product-based distribution channels, particularly targeting developing regional markets.

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Global Anemia Treatment Industry by Category

By Treatment:

  • Medications
  • Dietary Supplements

By Disease:

  • Normocytic anemia
  • Microcytic anemia
  • Macrocytic anemia

By Distribution Channel:

  • Institutional Pharmacies
  • Retail Pharmacies
  • Mail Order Pharmacies

Global Anemia Treatment Industry Key Companies Profiled:

  1. Amgen Inc.
  2. Hoffmann-La Roche Ltd.
  3. Novartis AG
  4. Pfizer Inc.
  5. Janssen Pharmaceuticals, Inc.
  6. Teva Pharmaceutical Industries Ltd.
  7. AMAG Pharmaceuticals
  8. Rockwell Medical
  9. Akebia Therapeutics
  10. Vifor Pharma Management Ltd.

Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 is 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 Dental X-Ray Systems Industry Surges Forward with a Formidable 6.4% CAGR, Enroot to US$ 2.73 Billion by 2030 | FMI

The Global Dental X-Ray Systems Industry is currently basking in unprecedented growth, with a present valuation soaring to approximately US$ 1.66 billion. A recent in-depth analysis conducted by Future Market Insights (FMI) indicates that the market is on the verge of a significant expansion, with a projected compound annual growth rate (CAGR) of an impressive 6.4%. By the conclusion of 2030, the dental X-ray systems market is poised to achieve a remarkable total worth of US$ 2.73 billion.

The driving force behind this extraordinary growth is the escalating demand for advanced diagnostic tools. The surge is primarily propelled by an increasing incidence of acute diseases, including cancer, which emphasizes the critical need for effective diagnostics and treatment options. Early detection of diseases plays a pivotal role in improving the probability of survival, and dental X-ray systems are emerging as promising diagnostic and treatment tools to meet this pressing need.

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The rising geriatric population and their edentulous issues directly open lucrative opportunities for the dental X-ray systems market. Moreover, healthcare facilities utilized by the elderly population are subsidized by the government, which in turn, has boosted the usage of dental X-ray systems. A report published by Future Market Insights (FMI) opines that the global dental X-ray systems market will grow at a striking CAGR of over 6% by the end of 2026.

With the increasing comfort provided by portable intraoral X-ray systems, the traditionally used floor-mounted dental X-ray systems are gradually becoming obsolete. When weighted based on cost, dental X-ray systems provide far better affordability to dental clinics and hospitals as compared to cone-beam computed tomography (CBCT) systems, which is why the sales prospects of the former are better.

Challenges About the Global Dental X-Ray Systems Industry: Reduction in Reimbursement

A notable reduction in the primary healthcare facilities for many diseases including oral health will affect the capacity and the resources adversely. Newly formed legislation will enforce reduced reimbursement regulations on the MPFS (Medicare Physician FEE Schedule) and HOPPS (Hospital Outpatient Prospective Payment System), which is expected to cause a drop in the growth of the dental X-ray systems market.

Technological Advancements to Lend Ample Growth Opportunities to the Global Dental X-Ray Systems Industry

Innovations and advancements brought about in the medical imaging vicinity especially, dental X-ray systems have intensified the growth prospects of the dental X-ray systems market. Owing to the progress made by the healthcare industry, there has been a consistent need for the precise diagnosis of diseases, which has been fulfilled by dental X-ray systems. Given the multifold applications of these systems, the Global Dental X-Ray Systems Industry is projected to grow exponentially.

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North America to Maintain a Strong Hold on the Global Dental X-Ray Systems Industry

The study on dental X-ray systems market provides a detailed analysis based on several factors affecting the market growth. The key geographies assessed in this study include China, APEC, Europe, Latin America, North America, and Middle East and Africa (MEA). Depending on the market size, North America leads the dental X-ray systems market, attributed to the advanced healthcare facilities and excellent spending capacity. As a subsequence, the regional dental X-ray systems market is expected to bear positive results for the global dental X-ray systems market.

Following the footsteps of North America, Europe is the second most dominating region influencing the growth of the dental X-ray systems market. In addition to this, Asia Pacific is equally estimated to contribute to the growing market size during 2018 – 2026.

Collaboration and Mergers to Trigger the Growth of the Global Dental X-Ray Systems Industry

The report on the dental X-ray systems market includes a comprehensive analysis of the companies devising innovative solutions in the market. The leading players incorporated in the report are FONA, J. MORITA CORP., Danaher Corporation, PLANMECA OY, Prexion Corporation, Carestream Dental, LLC, Owandy Radiology, Vatech Co. Ltd., The Yoshida Dental Mfg. Co. Ltd., Dentsply Sirona, LED Medical Diagnostics Inc., Cefla S.C., and Air Techniques, Inc., among others.

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Key Segments Of Dental X-Ray Systems Industry Survey

Global Dental X-Ray Systems Industry by Product:

  • Cephalometric Projections Systems
  • Portable Intraoral X-ray Systems
  • Panoramic X-ray Systems
  • Intraoral X-ray Systems Mounted on the Floor

Global Dental X-Ray Systems Industry by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Independent Dental Clinics
  • Forensic Laboratories

Global Dental X-Ray Systems Industry by Region:

  • North America Dental X-ray Systems Market
  • Latin America Dental X-ray Systems Market
  • Europe Dental X-ray Systems Market
  • East Asia Dental X-ray Systems Market
  • South Asia & Pacific Dental X-ray Systems Market
  • Middle East & Africa (MEA) Dental X-ray Systems Market

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.

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 Retinal Biologics Industry Eyes an Impressive US$41.92 Billion Valuation by 2028, Fueled by Solid 11.1% CAGR | FMI Insights Reveals

The Global Retinal Biologics Industry is on the brink of a transformative journey, exhibiting remarkable growth with a projected value exceeding US$22.25 billion by 2022. This upward trajectory is set to surge even further, reaching a staggering US$41.92 billion by 2028, propelled by an impressive Compound Annual Growth Rate (CAGR) of 11.1% between 2022 and 2028, as revealed by recent insights from Future Market Insights Inc.

The expansion of the Global Retinal Biologics sector is nothing short of spectacular, driven by the confluence of technological advancements, groundbreaking research, and an escalating demand for cutting-edge treatments. This industry’s evolution not only signifies progress in healthcare but also opens unprecedented opportunities for stakeholders, investors, and healthcare professionals worldwide.

Key Global Retinal Biologics Industry Insights:

  1. Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.
  2. Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
  3. Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.
  4. Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.

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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Retinal Biologics manufacturers offer their goods through institutional and retail distribution channels. According to the FMI report, institutional sales in the Retinal Biologics Industry, where Retinal Biologics are supplied in speciality clinics and hospitals, will generate higher revenues. In 2018, hospital sales accounted for more than 35% of market revenue.

According to the report, retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Retail distribution takes place through retail pharmacies and mail order pharmacies, with retail pharmacies generating more money than their counterparts in the future years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates, North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to expand 10.4% year on year in 2019 due to an increase in the prevalence of retinal illnesses, continuous growth in the healthcare infrastructure, and a favourable reimbursement scenario.

Europe accounted for about one-fourth of the Retinal Biologics market, with Western European countries such as Germany, the United Kingdom, France, Italy, and Spain accounting for the majority of demand penetration. The APEJ Retinal Biologics Industry is predicted to grow at an 11% annual rate in 2019, with China and India remaining the most lucrative areas.

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Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the Retinal Biologics revenues were consolidated in the treatment of macular degeneration. Highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where Retinal Biologics are used in 2019.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataracts and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affects people of age 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Key Players Covered In The Global Retinal Biologics Industry:

  • Spark Therapeutics, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Regeneron Pharmaceuticals, Inc.
  • AbbVie Inc.
  • Amgen Inc.
  • Novartis Pharma AG
  • MeiraGTx Limited
  • Oxurion NV
  • Santen Pharmaceutical Co., Ltd.
  • Bayer AG
  • Bausch Health Companies Inc.
  • Merck & Co., Inc.

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Key Segments of Global  Retinal Biologics Industry Survey

Global Retinal Biologics Industry by Drug Class:

  • VEGF-A Antagonists
  • TNF-α Inhibitors

Global Retinal Biologics Industry by Indication:

  • Macular Degeneration
  • Diabetic Macular Edema
  • Diabetic Retinopathy
  • Uveitis
  • Others

Global Retinal Biologics Industry by Distribution Channel:

  • Institutional Sales
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Retail Sales

Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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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Global Endometriosis Treatment Industry Poised for Remarkable 3% CAGR Growth by 2030 | Unveils FMI Insights

The Global Endometriosis Treatment Industry, valued at an impressive US$ 2.8 billion in 2018, is gearing up for a groundbreaking expansion with a projected Compound Annual Growth Rate (CAGR) of approximately 3% over the period 2019-2030. This revelation comes from industry experts at Future Market Insights Inc., showcasing the industry’s collective momentum driven by heightened awareness among women and substantial investments from key stakeholders.

The steadfast growth of this industry is rooted in the escalating prevalence of endometriosis, a condition impacting millions of women globally. Recognizing the urgent need for advanced treatment options, industry leaders are seizing the opportunity, steering the sector towards pioneering therapeutic advancements and strategic product launches.

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Key Takeaways of Global Endometriosis Treatment Industry Study

  • Based on drug, oral contraceptives contributed maximum value share to the global endometriosis treatment Industry in 2018, owing to high preference for them as a first-line therapy for patients without contraindications, and efficacy in preventing recurrence of pelvic pain and endometriosis lesions.
  • High treatment efficacy and acceptance with low risk are expected to result in a notable share of hormonal therapy in the treatment type.
  • The hospital pharmacies and retail pharmacies segments, collectively, hold above 60% of value share to the endometriosis treatment industry, owing to the high patient pool in hospitals and visiting retail pharmacies.
  • Europe captured a notable revenue share of 37% in 2018, and is expected to be the most lucrative region in the global endometriosis treatment market during the forecast period.
  • Increasing government expenditure for high growth of the medical industry in emerging economies in the Asian region is expected to drive the growth of the endometriosis treatment industry across this region.

Multiple New Indications – Imperative Strategy for Global Endometriosis Treatment Industry Players

Increasing the introduction of endometriosis drugs with multiple new indications is a major factor responsible for intense competition among market players. Several companies are focusing on launching new endometriosis treatment options to increase their product sales and expand their market share. For example, in July 2018, AbbVie Inc. introduced a new innovative product – Orilissa(elagolix) tablets, a gonadotropin-releasing hormone (GnRH) receptor antagonist for the management of moderate to severe pain associated with endometriosis, in the U.S. market.

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What else is in the report?

Future Market Insights (FMI) offers a unique perspective and actionable insights on the endometriosis treatment market in its latest study, presenting historical demand assessment of 2014-2018 and projections for the period of 2019-2030, based on drug (oral contraceptives, progestins, NSAIDs, GnRH analogues, LNR-IUDs, and others), treatment type (hormonal therapy and pain management), and distribution channel (hospital pharmacies, retail pharmacies, drugstores, and e-Commerce), across seven key regions of the world.

Global Endometriosis Treatment Industry Segmentation

The global endometriosis treatment industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Drug:

  • Oral Contraceptives
  • Progestins
  • NSAIDs
  • GnRH Analogues
  • LNR-IUDs
  • Others

Treatment Type:

  • Hormonal Therapy
  • Pain Management

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drugstores
  • e-Commerce

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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 clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 is 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 Radiation-Induced Myelosuppression Treatment Industry to Eclipse US$3.5 Billion by 2028, Driven by a Robust 3.1% CAGR | FMI

The Global Radiation-Induced Myelosuppression Treatment Industry is experiencing a remarkable surge, with projected sales reaching a substantial US$ 2.9 Billion in 2022. According to the latest insights unveiled by Future Market Insights (FMI), this thriving market is set to maintain its upward trajectory, fuelled by a steady Compound Annual Growth Rate (CAGR) of 3.1%.

Radiation-induced myelosuppression treatment holds a pivotal role in cancer therapy, showcasing consistently high success rates across the globe. The market’s unprecedented growth is attributed to the relentless advancements in healthcare infrastructure and an evolving reimbursement landscape, both serving as key catalysts driving industry expansion, especially within emerging regional markets.

The forecasted valuation exceeding US$ 3.5 Billion by 2028 underscores the industry’s resilience and potential for transformative growth. As the demand for radiation therapy continues to escalate, the need for effective myelosuppression treatment becomes increasingly paramount, reflecting a profound shift in global healthcare priorities.

Neutropenia is foreseen to generate maximum demand for radiation-induced myelosuppression treatment, whereas injectables are identified to hold a substantial share in the total market value, based on the route of administration of radiation-induced myelosuppression treatment. Thrombocytopenia and anemia are likely to present lucrative opportunities for radiation-induced myelosuppression treatment providers.

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The report tracks key factors driving revenue growth of the market –

  • Increasing prevalence of cancers
  • Early diagnosis, promises improved chances of positive outcomes
  • Fostering R&D funds supporting cancer research
  • Strong product pipeline
  • Bolstering adoption of chemo-radiotherapy in cancer treatment

Against the backdrop of patent expiry, a majority of market leaders are shifting their focus to the expansion of the product pipeline of a wide range of innovative formulations, likely to shape the radiation-induced myelosuppression treatment landscape.

  • Myelo001 by Myelo Therapeutics GmbH recently received FDA approval as an orphan drug to be used in the ARS (acute radiation syndrome) treatment.
  • Mylan NV and Pfizer Inc. also received FDA approvals for their recently launched biosimilars – Epogen Neupogen, and Neulasta respectively.

Patent expiry of originator biologics formulations is creating investment opportunities in biosimilar production – for the operators in the radiation-induced myelosuppression treatment landscape. As there is a considerable cost difference of around 20% between originator biologics and biosimilars, patients are inclined more towards an economical means of treatment, thereby fueling the scope of penetration of radiation-induced myelosuppression treatment in coming years.

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Backed by a majority of established players housing strong bases across North America, especially the US, the report indicates a steady growth outlook for the Global Radiation-Induced Myelosuppression Treatment Industry in the region. North America will reportedly continue to account for over 65% share in the global market value.

New product launches currently mark the top developmental strategy adopted by leading companies competing in the Global Radiation-Induced Myelosuppression Treatment Industry. A majority of key players are also identified to focus on enhancing their geographical foothold in the global radiation-induced myelosuppression treatment landscape.  The report in a distinct section covers some of the key competitors operating in the radiation-induced myelosuppression treatment marketplace, emphasizing their financial as well as strategic profiles in depth.

A few of the profiled companies include Pfizer Inc., Janssen Pharmaceutical NV, Janssen Global Services, LLC (Johnson & Johnson), Amgen Inc., Mylan NV, Teva Pharmaceutical Industries Ltd., Novartis AG, and Partner Therapeutics, Inc.

In the highly consolidated competitive landscape of global radiation-induced myelosuppression treatment, the three top-ranking companies, i.e. Janssen Pharmaceutical NV, Amgen Inc., and Teva Pharmaceutical Industries Ltd. dominate in terms of market value. These players continue to hold winning revenue shares in the radiation-induced myelosuppression treatment owing to a strong global presence and a considerable number of new drug approvals. Established companies are entering strategic partnerships and collaborations with regional leaders, to achieve better penetration into regional markets.

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Global Radiation-Induced Myelosuppression Treatment Industry by Category

Indication: 

  • Neutropenia
  • Anemia
  • Thrombocytopenia

Drug Class:

  • Growth factors
  • Erythropoietin stimulating agents
  • Thrombopoietin agents
  • Iron supplements

Route of Administration:

  • Oral
  • Injectable

Distribution Channel:

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies
  • Drug stores

Region

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

Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 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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Innovative Trends Propel Global Kitchen Hood System Market to Expected US$ 18.45 Billion by 2033, Driven by 3.9% CAGR

The global kitchen hood system market is advancing steadily, poised for a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. With its current valuation standing at US$ 12.58 billion as of 2023, industry analysts project a notable upsurge, envisioning kitchen hood systems to yield an impressive revenue of US$ 18.45 billion by 2033. Analyzing historical data, the market witnessed a modest CAGR of 1.5% in the base year, resulting in a valuation of US$ 12.13 billion.

The escalating global demand for household kitchen appliances, driven by technological advancements, is reshaping culinary environments. The uptake of state-of-the-art kitchen devices, particularly kitchen exhaust hoods, is significantly influenced by the rapid pace of consumer lifestyles. Manufacturers within the kitchen hood systems sector are actively employing competitive strategies to capture market share, with a specific emphasis on leveraging social media platforms. Promotional activities, campaigns, commercials, and incentivized deals have emerged as potent mechanisms in expanding the customer base, reflecting the industry’s dedication to innovation and adapting to evolving consumer preferences.

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The primary factor that is driving the sales of kitchen hood system is manufacturers using multiple layers, sound absorbing base, and filtration system motors to reduce noise. Moreover, they are also concentrating on developing innovative devices owing to consumer preference for smart features such as installation of temperature, wireless connectivity, noise reduction, infrared sensors, and optic in the products.

One significant factor that promotes the market growth is the stringent regulations implemented by various regional governments regarding the hygiene and cleanliness in food chains and restaurants, which has mandated the installation and adoption of kitchen hood system. Certain key players claim to manufacture kitchen hood systems of the highest quality.

Furthermore, they are expected to allow easy cleaning of stains that are traced due to the kitchen works, highly durable, and sold at the best price in the market. Fresh air produced from these systems, that are equipped with Fresh Air Systems, releases pleasant air at all times and it allows the staff to work in the best condition.

Key Takeaways:

  • Germany is anticipated to achieve a remunerative CAGR of 21.6%, during the time covered by the projections. This is attributed to the presence of key market players and manufacturers who claim to provide a range of kitchen hood systems of the highest quality, with very affordable prices, whilst being mindful of the impact of their use and manufacture has upon the environment.
  • In 2023, the U.S. maintained its position as the market leader, with a revenue share that was greater than 21.6%. The primary elements that are contributing to the expansion of the market in this region are, the prosperous food and hospitality sector, the fast-growing foodservice industry, rapid urbanization and the increasing number of food outlets are largely responsible for the expansion of the country. Moreover, the growing desire to keep households and commercial kitchens fresh, and moisture and pollution free is further expected to contribute to the increasing demand for kitchen hood system.
  • Owing to the efficiency and compact structure, the “chimney/wall mounted” product type holds the highest revenue share in 2023, accounting for more than 39.4% of total revenue. The hood system can be installed on the ceiling or mounted on the wall which leaves a lot of room or space for other furniture or appliances.
  • The “extraction” technology type accounted for more than 58.2% of the total income generated in 2023. Apart from capturing the same efficiency as hoods, the extraction technology also reduces airflow and minimizes the impact of cross drafts.

Key Players:

  • Bosch
  • SNDOAS
  • Proline
  • Rani Trunk House
  • Faber
  • Miele
  • BSH Home Appliance Group
  • Siemens
  • Inflame Appliances Ltd
  • Eico A/S
  • Westin
  • Candy Hoover Group S.r.l
  • Falmec Kitchen Appliance Limited
  • Hafele Appliances

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Market Segmentation Analysis:

By Product Type:

  • Chimney/Wall Mounted
  • Integrated Kitchen Hoods
  • Downdraft Kitchen Hoods

By Technology:

  • Extraction Technology
  • Filterless Technology

By Application:

  • Residential
  • Commercial

By Sales Channel:

  • Multi-branded Stores
  • Exclusive Stores
  • Online Stores
  • Others

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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 Advanced Wound Management Industry Targets 3.6% CAGR, Anticipating an US$11.5 Billion Market Value by 2033 | Reveals FMI Report

In an unprecedented revelation, the Global Advanced Wound Management Industry is embarking on a transformative journey, positioning itself for robust and consistent growth. According to recent findings, the industry is set to achieve a remarkable market value of US$8.1 billion by 2023, with aspirations to surge to an impressive US$11.5 billion by 2033, fueled by a notable Compound Annual Growth Rate (CAGR) of 3.6%.

The resilience and adaptability exhibited by the Global Advanced Wound Management Industry are particularly noteworthy, considering the challenges encountered in 2020. The sector faced unforeseen obstacles, primarily stemming from the unprecedented impacts of the COVID-19 pandemic, which induced a temporary decline in sales. However, the industry swiftly demonstrated its strength by rallying the global community, intensifying research and development efforts to focus on innovative wound care solutions.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

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Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Global Advanced Wound Management Industry Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

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Global Advanced Wound Management Industry Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

Global Advanced Wound Management Industry by Category

By Product Type: 

  • Advanced wound dressings
    • Alginates
    • Collagens
    • Films
    • Foams
    • Hydrocolloids
    • Hydrofibers
    • Hydrogels
  • Wound contact layers
  • Superabsorbent dressings
  • Negative pressure wound therapy devices
    • Standalone NPWT devices
    • Portable NPWT devices
    • Single-use disposable NPWT devices
    • NPWT accessories

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By Application Type:

  • Chronic ulcers
    • Venous leg ulcers
    • Diabetic foot ulcers
    • Pressure ulcers
  • Non-healing surgical wounds
    • Traumatic wounds
    • Burn cases

By End-User Type:

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Skilled nursing facilities

Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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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Electric Pizza Oven Market Primed for Remarkable Growth, Forecasting a Reach of US$ 455.1 Million by 2033 with a Steady 6.7% CAGR

The electric pizza oven market is positioned for significant expansion, with projections indicating a valuation of US$ 237.9 million in 2023, surging to US$ 455.1 million by 2033. This growth is supported by an impressive Compound Annual Growth Rate (CAGR) of 6.7%. Robust historical data further underscores the market’s resilience, with a commendable CAGR of 5.8% in the preceding period, reflecting a value of US$ 222.6 million.

The increasing preference for electric pizza ovens can be attributed to their manifold advantages, extending beyond convenience and rapid cooking times. These attributes serve as pivotal drivers, fueling the market’s accelerating momentum. A key factor contributing to this surge is the rising prevalence of pizza outlets, particularly among the millennial demographic. This emerging consumer group dedicates a substantial portion of their disposable income to unique dining experiences, a trend propelled by urbanization and heightened consumer purchasing power.

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The additional advantages of electric pizza ovens that drive the market include:

  1. Integral to Various Food Establishments: Electric pizza ovens play a pivotal role in a wide range of commercial food establishments such as restaurants, fast food chains, motels, cafés, coffee shops, catering businesses, resorts, pizza outlets, inns, and more.
  2. Consistent Flavour Profile: Electric pizza ovens ensure that each pizza maintains a uniform and consistent flavor, contributing to customer satisfaction.
  3. Energy Efficiency: These ovens consume less energy compared to wood-burning alternatives. By baking with the door closed for most of the cooking process, heat loss is minimized.
  4. Automated Temperature Control: An outstanding advantage of electric ovens is their automated temperature regulation, relieving operators of constant monitoring as it manages itself effectively.
  5. Precision Temperature Control: Modern electric pizza ovens offer the capability to independently control the temperatures of the vault (top) and floor (bottom), allowing for precise adjustments to achieve the desired balance of heat and humidity.

Competition Scenario:

Future Market Insights’ statistical examination of the related sector exposes the adept marketing strategies employed by key electric pizza oven manufacturers. These suppliers are strategically adopting a blend of organic and inorganic expansion strategies to participate actively in the competitive electric pizza oven market. Sizeable investments in research and development are being channeled by manufacturers to propel technological advancements in pizza-making equipment, thereby enhancing the culinary experience for consumers and amplifying their foothold in the market.

Recent Developments:

In January of 2019, Nemco Food Equipment, renowned for its four decades of pioneering manual countertop food-prep tools, introduced a line of electric food processing machines. These machines offer operators a high-capacity option to uphold the freshness of their food amidst mounting labor concerns.

Moving to August 2021, Garland enhanced its reliable and industry-leading Cuisine Series® heavy-duty oven and burner system with additional time-saving features. Built on a 36″ chassis, the Cuisine Series has always combined durability and thoughtful design to cater to the demands of high-performance kitchens. Recently, Garland expanded the lineup with several new features, promising even quicker results and enhanced usability.

Jumping to April 2022, Avantco unveiled the Chef Series CAG-36-RC 36″ Countertop Radiant Oven, boasting a powerful 90,000 BTU. This oven proves its mettle when it comes to cooking burgers, prawns, or vegetable skewers, thanks to its individual burner temperature controls. Utilizing radiants to direct heat onto the cooking surface, this oven ensures swift recovery and efficient heat retention.

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Key Players:

  • Bakers Pride
  • Benchmark USA
  • Blodgett
  • Turbochef
  • Vollrath
  • Waring
  • Akasa International
  • Omcan Inc.
  • APW Wyott
  • Doyon

Market Segmentation:

By Type:

  • Conveyor
  • Deck Ovens
  • Rapid Cook Ovens

By Automation Type:

  • Automatic
  • Semi-automatic

By Load:

  • 1600W
  • 2400W
  • 4500W
  • Others

By Maximum Temperature:

  • 350°F
  • 400°F
  • 600°F
  • 800°F
  • 1000°F
  • Others

By Application:

  • Residential
  • Commercial

By Sales Channel:

  • Wholesalers/Distributors
  • Direct Sales
  • Online Retailers
  • Specialty Stores
  • Others

By Region:

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

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Author:

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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Commercial Sink Market Set to Surpass US$ 1,409.2 Million Valuation by 2033, Propelled by Robust 6.3% CAGR

The commercial sink market is poised for significant growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 6.3% projected over the decade from 2023 to 2033. Beginning its journey with a valuation of US$ 810.4 million in 2023, this dynamic market anticipates achieving a substantial milestone, reaching a valuation of US$ 1,409.2 million by the conclusion of 2033.

The driving force behind this considerable expansion lies in the escalating demand for stainless steel commercial sinks, particularly within the vibrant restaurant and food service industry. Renowned for their resilience, these sinks play a pivotal role in optimizing the dishwashing process, ensuring durability, and impeccable hygiene. As restaurants and food establishments increasingly prioritize operational efficiency, advanced commercial sinks emerge as indispensable fixtures in their kitchens, reflecting a trend towards innovation and modernization within the industry.

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Significant Use of Commercial Kitchen Sinks in Thriving Meat Industry for Meat Washing:

The choice of utilizing commercial kitchen sinks varies depending on whether they are intended for household or commercial purposes, as well as considerations related to space and budget constraints. The location of plumbing connections for taps and drainage also plays a pivotal role in decision-making.

The incorporation of sinks not only enhances the overall appearance of the kitchen but also aligns with the growing trend of IoT-enabled kitchen appliances. These appliances facilitate the direct transfer of dishes to the sink, acting as a bridge between smart sinks and other kitchen equipment.

Major Drivers for the Commercial Sink Market:

  • Wide Range of Applications: Commercial sinks find applications in various settings such as bars, cafes, restaurants, and hotels, driving their demand.
  • Catering to Social Gatherings: Events like parties, concerts, and movie shows require sinks for serving diverse drinks to attendees.
  • Customization for Medium-Scale Enterprises: Small-scale suppliers collaborate with medium-sized enterprises to customize sinks according to specific requirements.
  • Integration of Kitchen Equipment: Integrated sinks with fryers and other kitchen appliances enhance chef efficiency.
  • Advanced Lighting and Compartment Systems: Restaurants are adopting sinks with modern lighting and utensil-specific compartments, embracing technological advancements.

Major Restraints for the Commercial Sink Market:

  • High Initial Costs: Upfront expenses for purchasing and installing commercial sinks can be significant, limiting adoption for some businesses.
  • Maintenance and Cleaning: Commercial sinks require regular maintenance and cleaning, which can incur additional costs and efforts for businesses.
  • Space Constraints: Limited kitchen space in some establishments may hinder the installation of larger or multiple commercial sinks.
  • Technological Complexity: Adoption of sinks with advanced features may require staff training and adjustment to new processes.

Key Players:

  • Ruvati USA
  • Kohler Co.
  • Zuhne
  • Frigidaire
  • Swanstone
  • Acrysil Limited
  • AGA
  • Duravit AG
  • Dornbracht
  • Roca

Market Dynamics: Competitive Landscape The competitive landscape of the market comprises both global and local participants. Key industry players are strategically focused on innovation and introducing new products through retail channels to bolster their portfolios and strengthen their market positioning.

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Recent Market Developments:

  • In August 2021, Acrysil responded to escalating demand by announcing plans to expand its manufacturing capacity in Gujarat, India. The initiative aims to add 160,000 quartz sinks annually through a new facility.
  • Ruvati USA emphasizes design and sustainability by utilizing various materials for their kitchen sinks, including stainless steel, granite, and fireclay.
  • Swanstone Sink Co. has introduced an extensive range of single and double bowl configurations in drop-in and undermount styles. These offerings contribute to the growing sales of commercial sinks in the global market.

Author:

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
LinkedInTwitterBlogs | YouTube