Agriculture Packaging Market to Reach US$ 11.4 Billion by 2033, Driven by Demand for Supply Chain Efficiency and Reduction of Food Waste

Future Market Insights (FMI) unveils optimistic projections for the global agriculture packaging market, signaling a substantial rise from US$ 6,478.3 million in 2022 to US$ 6,831 million by the end of 2023, representing a Year-on-Year (Y-o-Y) growth rate of 5.4%. The market’s trajectory is set to expand further, with an anticipated Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033, culminating in a valuation of US$ 11,449.1 million.

Driving Forces Behind Market Expansion:

The escalating demand for efficiency in supply chains, coupled with the imperative to reduce food waste, propels the increasing adoption of agricultural packaging solutions worldwide. With over 90% of food waste in emerging countries occurring during storage and transportation, the urgency to address this challenge drives the demand for cost-effective and sustainable packaging solutions across agricultural sectors.

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Meeting the Demand for Crop Protection Chemicals:

The rise in pest attacks necessitates robust packaging solutions for crop protection chemicals such as fertilizers and pesticides. Advanced packaging materials minimize risks during storage, handling, and transportation of agrochemicals, driving the demand for innovative agricultural packaging solutions.

Eco-Friendly Packaging Solutions:

Increasing awareness regarding eco-friendly packaging in developed countries fuels the adoption of paper and jute-based agriculture packaging bags and pouches, enabling companies to retain their customer base while embracing sustainable practices.

Growth Prospects in North America:

North America emerges as a key driver of market growth, accounting for 22.8% of the revenue share in 2022. The region is expected to expand its market share to 24.1% by the end of 2023, propelled by the growing utilization of packaging for solid grains, silage, liquid insecticides, and seed storage.

The rising trend of automation in the agricultural industry further drives the demand for innovative packaging solutions compatible with automated systems. As food travels an average of 4,100 miles before reaching end-users, the need for advanced packaging solutions intensifies to meet the requirements of farmers, processors, and distributors in international and national markets.

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Trends in the Agriculture Packaging Industry:

  1. Biodegradable and Compostable Materials: There is a noticeable shift towards the use of biodegradable and compostable packaging materials in the agriculture sector, driven by increasing environmental awareness and regulations promoting sustainable practices.
  2. Smart Packaging and IoT Integration: The adoption of smart packaging solutions, including RFID tags and sensors, is on the rise to enable real-time monitoring of product conditions such as temperature, humidity, and freshness throughout the supply chain.
  3. Reduced Plastic Usage: In response to environmental concerns, there is a growing trend towards reducing the reliance on traditional plastic packaging. Alternatives such as bio-based plastics and other sustainable materials are gaining traction.
  4. E-commerce Packaging Solutions: With the increasing trend of online grocery shopping, there is a demand for packaging solutions that cater to the specific requirements of e-commerce, such as compact packaging, easy handling, and product protection during transportation.
  5. Focus on Food Safety and Quality: Stringent regulations and consumer demand for safe and high-quality food products are driving the adoption of packaging solutions that maintain the integrity of agricultural products, preventing contamination and ensuring freshness from farm to table.

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Key Drivers

  • Increasing demand for effective storage and transport of pesticides and fertilizers is supporting the market growth.
  • Adoption of agrochemicals and biologicals is driving the growth of the agricultural packaging industry.
  • Increasing preference for e-commerce retailing is significantly contributing towards agricultural packaging sales.

Key Companies Profiled

  1. Bemis Company, Inc.
  2. Sonoco Products Company
  3. Mondi Group
  4. LC Packaging International BV
  5. Packaging Corporation of America
  6. H.B. Fuller Company
  7. Atlantic Packaging
  8. NNZ Group
  9. Parakh Agro Industries Ltd
  10. International Paper Company
  11. DS Smith Plc
  12. Smurfit Kappa Group Plc
  13. KapStone Paper and Packaging Corp.

Key Segments: 

Product Type:

  • Pouches
  • Bags/Bins
  • Silo Bags
  • Clamshells
  • Bottle
  • Trays
  • Bulk Containers
  • Others

Material Type:

  • Plastic
  • Rigid
  • Flexible
  • Paperboard
  • Corrugated Board
  • Glass
  • Jute
  • Others

Barrier Type:

  • Low-barrier
  • Medium-barrier
  • High-barrier

Application:

  • Seeds & Pesticides
  • Silage
  • Food Grains
  • Vegetables & Fruits

Region:

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

Author

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

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

About Future Market Insights (FMI)

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

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 Label Applicators Market Poised for Growth, Forecasted to Reach US$ 4,489.5 Million by 2033

Future Market Insights (FMI) unveils promising projections for the global label applicators market, indicating a robust Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2023 to 2033. The market value is anticipated to soar from US$ 2,959.6 million in 2023 to US$ 4,489.5 million by 2033, driven by evolving consumer demands and advancements in manufacturing technologies.

As of 2022, the global label applicators industry was valued at US$ 2,816.6 million, poised to exhibit year-on-year growth of 5.1% in 2023, laying a solid foundation for future expansion and innovation within the sector.

Enhancing Supply Chain Efficiency with Label Applicators:

The modern manufacturing sector operates within a complex supply chain network, encompassing various stakeholders from raw material suppliers to end users. Label applicators play a pivotal role in streamlining this intricate network by ensuring accurate labeling, facilitating efficient processing, and enabling proper tracking and tracing of products throughout the supply chain.

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Driving Factors and Key Trends:

  • Increasing Consumer Demands: The label applicators industry is propelled by rising consumer demands and escalating production rates across diverse sectors. As consumer preferences evolve, manufacturers seek innovative labeling solutions to meet market demands effectively.
  • Demand for Accuracy and Precision: The need for accuracy, precision, and repeatability in label application on packaging drives the adoption of automatic label applicators. Manufacturers prioritize solutions that enhance operational efficiency and ensure consistency in labeling processes.

Industry Growth Drivers: 

  1. Rising Demand for Efficient Packaging Solutions:
    • The increasing need for streamlined and efficient packaging processes across various industries is propelling the demand for label applicators to enhance packaging speed and accuracy.
  2. Automation in Manufacturing Processes:
    • The growing trend toward automation in manufacturing is driving the adoption of label applicators, as they contribute to increased efficiency, reduced labor costs, and minimized errors in labeling.
  3. Stringent Regulatory Compliance Requirements:
    • Stringent labeling and packaging regulations imposed by regulatory bodies in various industries, such as food and pharmaceuticals, are fueling the demand for label applicators to ensure compliance and traceability.
  4. Expansion of E-commerce and Retail Sectors:
    • The booming e-commerce and retail sectors, with their emphasis on branding and product presentation, are major growth drivers for the label applicators market, as businesses seek ways to enhance the visual appeal of their products.
  5. Advancements in Labeling Technologies:
    • Ongoing technological advancements in labeling, including innovations in materials, printing techniques, and smart labeling solutions, are driving the adoption of label applicators to keep pace with evolving industry standards and consumer preferences.

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Trends in the Label Applicators:

  1. Smart Labeling Technology: The integration of smart labeling technologies, such as RFID (Radio-Frequency Identification) and NFC (Near Field Communication), is a rising trend, enabling enhanced tracking, authentication, and communication with consumers.
  2. Industry 4.0 Integration: Label applicators are adopting Industry 4.0 principles, incorporating IoT (Internet of Things) connectivity and data analytics to optimize production processes, improve quality control, and reduce downtime.
  3. On-Demand Label Printing: The trend towards on-demand label printing is gaining traction, allowing businesses to print labels in smaller quantities as needed, reducing waste and providing greater flexibility in labeling options.
  4. Augmented Reality (AR) Labels: The use of augmented reality in labels is an emerging trend, providing interactive and engaging experiences for consumers by overlaying digital information on physical product packaging.
  5. Advanced Material Adoption: Label applicator manufacturers are increasingly using advanced materials, such as sustainable and durable substrates, to meet evolving customer preferences and regulatory requirements while ensuring label longevity and quality.

Key Companies Profiled              

  1. ProMach, Inc
  2. Herma GmbH
  3. Advanced Labeling Technologies
  4. Accraply, a Barry-Wehmiller company
  5. Nita Labeling Systems
  6. Accutek Packaging Equipment Company, Inc.
  7. Advent Label Applicator Co
  8. CTM Labeling Systems
  9. SACMI Group
  10. Krones AG
  11. ILTI s.r.l.
  12. Aesus Packaging Systems Inc.
  13. APACKS
  14. Nautilus Systems Inc
  15. Worldpack Automation Systems PVT. LTD.
  16. Phoenix Italia S.r.l.
  17. Auto Labe
  18. B & H Labeling Systems
  19. CDA-USA, Inc.
  20. Label Pack Automation, Inc.
  21. ADR AG
  22. Videojet Technologies, Inc.
  23. Primera Technology, Inc.
  24. Label-Aire, Inc
  25. Alpha-Pack Group
  26. ERDA BILIMSEL ARASTIRMA EGITIM HIZMETLERI LTD. STI.
  27. Etisoft Sp. z o.o.
  28. Weyfringe Barcode Labelling Systems
  29. Maharshi Group

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Segment Insights:

The food and beverage segment emerged as a dominant force within the global label applicators market, holding a substantial share of about 45.8% in 2022. As the food and beverage industry continues to evolve, the demand for efficient labeling solutions is expected to surge, driving market growth and innovation.

Global Label Applicators Market Segmentation by Category

By Automation:

  • Automatic
  • Semi-automatic

By Machine:

  • Linear
  • Rotary

By Operating Speed:

  • Up to 70 products/min
  • 71 to 120 products/min
  • 121 to 150 products/min
  • Above 150 products/min

By Packaging Application:

  • Bottles
  • Vials & Ampoules
  • Pouches & Bags
  • Boxes & Carton
  • Trays & Clamshells
  • Jars
  • Cans
  • Cups & Tubs
  • Blister Pack
  • Tubes
  • Stick Packs & Sachets

By Label Type:

  • Pressure Sensitive Labels (PSL)
  • Shrink Labels
  • Stretch Labels
  • Sleeve Labels
  • Wet Glue Labels
  • Hot Melt Labels
  • Others (In-mold, Pre-gummed, etc.)

By End Use:

  • Food
    • Ready-to-Eat/Snacks
    • Dairy Products
    • Bakery & Confectionery Products
    • Fresh Produce Products
    • Meat, Seafood, and Poultry
    • Sauces, Dressings, and Condiments
    • Other Food Products
  • Beverages
    • Alcoholic Beverages
    • Non-alcoholic Beverages
  • Personal Care & Cosmetics
  • Home Care
  • Chemicals & Fertilizers
  • Pharmaceuticals
  • Electrical & Electronics
  • Shipping & Logistics
  • Other Industrial

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • Middle East & Africa

Author

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

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

About Future Market Insights (FMI)

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

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 Bronchoscopes Industry Poised for Growth, Eyes US$ 647.7 Million in Sales with a Striking 4.4% CAGR by 2028 | FMI

The Global Bronchoscopes Industry, valued at approximately US$ 501 Million in 2022, is gearing up for a substantial leap, set to achieve a remarkable 1.3X increase over the forecast period, as per the latest findings by Future Market Insights (FMI). The market is poised to maintain a robust Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2028, projecting sales to reach an impressive US$ 647.7 million by the close of 2028.

Bronchoscopes, a pivotal segment within the global endoscopes market, are anticipated to carve out approximately 4% of the market share by the end of 2021. This comes as the overall endoscopes market is projected to hit a valuation of US$ 13.0 Billion in the same period.

The surge in demand for Bronchoscopes is fueled by the escalating prevalence of respiratory conditions such as idiopathic pulmonary fibrosis, pulmonary fibrosis, interstitial pneumonitis, occupational sarcoidosis, and pulmonary hemorrhage. This upswing not only underscores the critical need for advanced diagnostic and therapeutic tools but also presents lucrative opportunities for manufacturers to innovate and address the evolving challenges in healthcare.

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Cleaning typical (multiple-use) flexible Bronchoscopes is time-consuming and expensive, and there is a risk of cross-infection. By adopting a single-use flexible video bronchoscope, cross-contamination is eliminated. An early assessment of the economic effectiveness of single-use Bronchoscopes suggests potential hospital savings and patient benefits from infection prevention. The rising use of single-use flexible Bronchoscopes is developing a sizable industry due to their enticing benefits.

“Apart from the factors mentioned, technological advancements in the Bronchoscopes landscape—witnessing a transformation shift from conventional invasive procedures to minimally invasive and advanced devices is a critical factor determining the global demand for Bronchoscopes, further amplifying its potential applications.

Among the significant improvements and developments boosting global demand for Bronchoscopes are white-light bronchoscopy, navigational bronchoscopy, and autofluorescence (blue-light) bronchoscopy. Thin Bronchoscopes with minimally invasive characteristics are increasingly gaining popularity. Manufacturers of Bronchoscopes have improved on original Bronchoscopes in terms of application and product variety,” notes a company senior analyst.

Top Four Manufacturers Contribute the Largest Global Revenue

Given the rapid pace of technological change, major bronchoscope manufacturers are investing heavily in research and development projects to further improve product efficiency. The Global Bronchoscopes Industry is extremely competitive, with relatively high entry barriers, differentiated and well-established products, and notably high-profit margins.

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Tier-1 manufacturers of Bronchoscopes, including Olympus Corporation, FUJIFILM Holdings Corporation, Teleflex Incorporated, and HOYA Corporation, collectively hold a market share of approximately 62.5 percent—with Olympus Corporation contributing the largest revenue slice.

Tier-2 players such as KARL STORZ GmbH & Co KG, Ambu A/S, and Richard Wolf GmbH and tier-3 players including Rochling Group and Shanghai AoHua Photoelectricity Endoscope Co., Ltd, collectively contribute approximately 37.5 percent revenue share to the Global Bronchoscopes Industry. Key forward market strategies include:

  • With continued improvements in the global healthcare setting, key players seek acquisition opportunities as a key growth strategy. Olympus Corporation, Fujifilm Holdings Corporation, Teleflex Incorporated, and HOYA Corporation are likely to focus on mergers, acquisitions, and collaboration strategies, in the coming years. HOYA Corporation, for instance, acquired C2 Therapeutics, to expand its interventional endoscopy offerings in the U.S. and also provide aftersales and repair services.
  • Besides strategic tie-ups, new product launches will continue to be the key differentiation strategy, helping manufacturers to further solidify their market position. For instance, Olympus Corporation launched Truresolution objectives for multiphoton laser scanning microscopes. Teleflex Incorporated launched LMA® Gastro Airway, facilitating airway control during endoscopic procedures.
  • Leading manufacturers of Bronchoscopes are also focusing on geographical expansions, specifically in emerging nations, by acquiring local players in the endoscopy market. 

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Critical Market Retainers Identified

  • Risks of cross-contamination and post-bronchoscopy infection in the form of bleeding, troubled breathing, and low blood oxygen level. FMI study indicates high infection rate at ambulatory surgical centers (ASCs), compared to clinics and hospitals.
  • Growing demand for non-invasive procedures including liquid biopsy and Magnetic Resonance Spectroscopy.
  • Stringency in regulations demanding a pre-market approval (PMA).

Global Bronchoscopes Industry, By Category Product:

  • Non-Video Bronchoscopes
  • Video Bronchoscopes

Modality:

  • Rigid Bronchoscopes
  • Flexible Fiber Bronchoscopes
  • Mobile Bronchoscopes

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 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 Vagus Nerve Stimulator Industry Records Remarkable 10.6% CAGR, According to FMI Insights’ Projections for 2018-2026

In a paradigm-shifting revelation, Future Market Insights (FMI) has conducted a comprehensive intelligence study that brings to light a remarkable surge in the Global Vagus Nerve Stimulator Industry. The study identifies implantable vagus nerve stimulators as the driving force behind substantial revenue growth, with a robust year-on-year increase of more than 9% predicted for 2019.

The industry’s landscape is undergoing a transformative shift, marked by a gradual transition from implantable devices to non/minimally invasive alternatives. This evolution sets the stage for the ascension of transcutaneous Vagus Nerve Stimulators (VNS) in the coming decades. FMI’s insightful study reflects the global medical community’s growing interest in these innovative approaches, signifying a transformative wave poised to reshape the industry.

Of the total global population afflicted by neurological disorders, approximately 50% suffer from an epileptic disorder, according to research and surveys. This statistic underscores the critical importance of advancements in Vagus Nerve Stimulator technology, especially as it directly addresses the needs of a significant portion of the affected population.

  • Vagus nerve stimulation is witnessing a rapidly expanding applicability beyond epilepsy, in the recent past.
  • Research uncovers the potential efficiency of vagus nerve stimulation in the obesity management of depression patients.
  • The positive outcome of vagus nerve stimulation in treatment-resistant depression and epilepsy surgery indicates promising opportunities approaching shortly.

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Europe Steals the Limelight, Crossing US$ 100 Million Revenue in 2019

North America currently holds a massive revenue share in the vagus nerve stimulator market, and FMi projects continued dominance of this region over other regional markets in the coming years. However, the report forecasts the emergence of Europe and Asia Pacific (excluding Japan) as highly attractive territories for key market players shortly. Europe will reportedly cross the US$ 100 million mark in 2019, reflecting the most lucrative opportunities for vagus nerve stimulator manufacturers.

“At present, Europe and APEJ hold a collective revenue share of over 40% in market, of which the former is gradually moving towards extending its individual market value share up to 1/4th of the global revenue,” explains a senior research analyst at FMI. Adding further, the analyst says, “Favorable regulatory and reimbursement scenario across Europe and relatively easy availability of VNS systems are most prominently driving the growth of vagus nerve stimulator market in Europe. VNS sales in Europe will also benefit from the strong presence of leading industry manufacturers in the region”.

Taxonomical Insights – By Type, Application, and End User

  • The type of vagus nerve stimulator, implantable stimulator continues to bring in most of the revenue to the market.
  • Epileptic seizures secure the spot of the most sought-after application type in the vagus nerve stimulator landscape.
  • Hospitals remain the largest end-users of vagus nerve stimulators. FMI research indicates that specialty clinics and home care settings emerge as attractive end-user candidates in recent years.

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A thorough competition analysis of the vagus nerve stimulator landscape reveals a few important developmental strategies that are ruling the minds of VNS manufacturers at present.

  • Besides geographical expansion, leading players in the vagus nerve stimulator market are focusing on the extension of their existing offerings portfolio, according to the report.
  • To address the challenges to VNS adoption posed by the high price point, companies are now reassessing their pricing strategies for a competitive advantage.
  • Some companies are also directing their strategic focus on a stronger distribution network.
  • Strategic partnerships with local and regional distributors and retailers hold immense importance for the competitors in the VNS landscape.
  • Long-term contractual collaborations with recognized hospitals, research and pathology laboratories, and CROs are emerging as a growing trend among manufacturers of vagus nerve stimulators.

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 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
LinkedIn| Twitter| Blogs | YouTube

Linerless Label Market to Reach US$ 3.0 Billion by 2033, Driven by Eco-Conscious Consumer Preferences and Reduced Environmental Impact

The global linerless label market is poised for remarkable growth, with a projected value of US$ 1.9 billion in 2023, surging to US$ 3.0 billion by 2033 at a robust Compound Annual Growth Rate (CAGR) of 4.9%. This surge is fueled by a confluence of factors reshaping the packaging landscape and driving industry innovation.

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Key Market Trends and Highlights:

  • Environmental Sustainability: Linerless labels are at the forefront of eco-conscious packaging solutions, reducing waste and minimizing environmental impact. As consumer preferences increasingly lean towards sustainability, linerless labels emerge as a preferred choice for businesses committed to responsible consumption.
  • Cost Efficiency: Manufacturers benefit from reduced material and labor costs associated with linerless labels, bolstering profitability and operational efficiency. The streamlined production processes enabled by linerless labeling systems enhance output and competitiveness in the market.
  • Versatility Across Industries: Linerless labels find widespread adoption across diverse sectors including food, logistics, and retail, owing to their versatility and adaptability to varying packaging needs.
  • Integration with Smart Technology: The integration of linerless labels with smart technologies such as RFID and QR codes opens new avenues for product tracking, authentication, and marketing strategies, enhancing consumer engagement and brand visibility.

Key Drivers of the Linerless Label Market:

  • Stringent Labeling Regulations: Increasing regulatory standards drive demand for linerless labels, ensuring compliance with product safety and consumer protection requirements.
  • Design Flexibility: Linerless labels offer unparalleled design flexibility, allowing businesses to create visually appealing branding solutions that captivate consumer attention and reinforce brand identity.
  • Enhanced Product Shelf Life: Linerless labels can incorporate freshness indicators and expiration date extensions, prolonging product shelf life and enhancing consumer confidence in product quality.
  • Technological Advancements: Improved linerless labeling technology minimizes equipment maintenance and downtime, optimizing production efficiency and ensuring uninterrupted workflow.

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Key Trends and Opportunities:

  • Sustainability Integration: Aligning packaging materials with sustainability trends demonstrates a commitment to eco-friendliness and responsible consumption, resonating with environmentally-conscious consumers.
  • Product Security and Integrity: Plastic liners safeguard products, ensuring their security and integrity within packaging, thereby bolstering trust and quality assurance among consumers.

Key Takeaways:

The consistent growth of the logistics sector across all geographies, coupled with high requirement of linerless labels for inventory management, asset tracking, and goods distribution, is steadily driving the linerless labels market.

  • The retail industry is a prominent end user of linerless labels, owing to rising efforts across the world to reduce the incidence of counterfeiting.
  • North America and APEJ are expected to account for a major portion of the linerless labels market share. Rapid expansion of pharmaceutical and food & beverage industries is boosting the growth of the linerless labels market in these regions.
  • Digital printing and flexo printing are projected to dominate the global linerless labels market, and hold nearly half of the market share by the end of 2029.

Key Companies Profiled

  1. RR Donnelley & Sons Company
  2. Avery Dennison Corp.
  3. Zebra Technologies Corp.
  4. SATO Holdings Corporation
  5. Coveris
  6.  Multi-Color Corporation
  7. CCL Industries Inc.
  8. Yupo Corporation
  9. Ravenwood Packaging
  10. General Data Company Inc.
  11.  Hub Labels

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Segmentation Analysis: 

By Product Type:

  • Variable Imaged
  • Direct Thermal

By Printing Technology:

  • Digital Printing
  • Flexo Printing
  • Offset Printing
  • Gravure Printing
  • Screen Printing
  • Others

By Adhesion:

  • Permanent
  • Removable
  • Repositionable

By End User:

  • Retail
  • Food & Beverages
  • Logistics
  • Pharmaceuticals
  • Others

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

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 Recombinant Vaccines Industry Poised for 6.1% CAGR Victory by 2028 | According to Latest FMI Research

In a groundbreaking revelation, the Global Recombinant Vaccines Industry is gearing up for unprecedented growth, with mature regional markets in North America and Europe emerging as leaders. The stellar performance in these regions can be attributed to the effective presence of leading biopharmaceutical companies equipped with GMP-certified sterile manufacturing facilities. This presence not only ensures product quality but also contributes significantly to the industry’s revenue surge.

Recombinant vaccines, recognized for their inherent safety and cost-effectiveness, are now at the forefront of the global healthcare landscape. The increasing emphasis on preventive healthcare has led to a surge in demand for vaccines worldwide, creating a ripple effect that extends even to developing economies. However, a significant challenge arises from the demand-supply gap prevalent in these regions, resulting in limited vaccine availability.

A new Future Market Insights report on the global recombinant vaccines landscape emphasizes the positive revenue growth potential in developing regional markets such as Asia Pacific and Japan. The FMI report also provides a comprehensive analysis of the current competitive landscape, emphasizing exclusive insights gleaned from extensive primary and secondary market research.

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Key Dynamics Analysis Evaluates the Role of Collaborative Activities and R&D

In light of Sanofi’s 2017 acquisition of Protein Sciences, which increased the former’s Flubok (recombinant vaccines for flu) manufacturing capacity, several players in the recombinant vaccines space are planning mutual alliances in the coming years. Strategic collaborations between market leaders in recombinant vaccines are expected to provide a significant boost to overall market growth.

Furthermore, the growing prevalence of rare disease cases such as Ebola, Crimean Congo, MERS, hemorrhagic fever, Marburg, Lassa Fever, Nipah, SARS coronavirus diseases, and Rift Valley Fever, according to WHO, is attracting R&D interests of recombinant vaccine manufacturers, thereby driving market growth shortly.

FMI Study Positions Western Europe as Growth Engine of Recombinant Vaccines Landscape

Western Europe now accounts for just under one-third of global market revenue, owing to increased government support for vaccine development and vaccination campaigns. The presence of key market players in this region, as well as their increasing investments in recombinant vaccine R&D, accentuate Western Europe’s top performance.

The report forecasts strong growth in Asia Pacific and Japan in the coming years. However, APAC is portrayed as particularly profitable due to rapidly increasing healthcare spending and an expanding target population with significant unmet clinical needs, despite rising consumer awareness of the benefits of vaccination.

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Segmental Analysis Reveals Neck-on-Neck Competition between Subunit and Attenuated Vaccine Types

  • Based on the Global Recombinant Vaccines Industry assessment by type, subunit recombinant vaccines currently hold the largest value share but are likely to lose a bit of it to attenuated recombinant vaccines. Both segments collectively cover around 90% share of the total market revenue.
  • Applications of recombinant vaccines in human vaccination continue to reflect maximum attractiveness over veterinary applications. A majority of the total market revenue is contributed by recombinant vaccines for humans, as indicated by the report.
  • Private clinics and dispensaries remain the most preferred channel for vaccine distribution, followed by pharmacies. Hospital pharmacies hold a larger share than retail pharmacies, though the latter is poised for promising expansion in coming years.

Top Two Players Represent a Whopping 80% Market Value Share, Concludes Competition Analysis

According to the FMI study, GlaxoSmithKline plc and Merck & Co., Inc. collectively account for more than 80% of revenue share in the recombinant vaccines marketplace, keeping the landscape highly consolidated. While the former primarily focuses on strategic collaborations, the latter strategizes new product launches for an expanded market share.

  • GSK’s candidate vaccine launched in 2017 claims to prevent pulmonary TB in HIV-negative adult patients.
  • Merck announced the three studies of the first phase of its investigational pneumococcal vaccine, early in 2018.

Competition tracking uncovers a few more important insights that can potentially direct strategy-building efforts of competitors in the Global Recombinant vaccine industry at a global level.

  • New market entry aspirants are prominently opting for the adoption of mammalian protein expression systems in recombinant vaccine manufacturing that accelerate the entire production process.
  • Established players in the recombinant vaccines landscape are prioritizing the development of new variants of existing vaccines.
  • Contractual alliances with non-profit organizations are likely to earn higher profit shares for manufacturing leaders in the Global Recombinant Vaccines Industry.

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Segmentation

The report on the Global Recombinant Vaccines Industry provides salient information on market players. The Global Recombinant Vaccines Industry is segmented by region, product type, application, and distribution channel, to analyze segment-wise growth of the Global Recombinant Vaccines Industry. Based on regions, the Global Recombinant Vaccines Industry is segmented into seven regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA).

The Global Recombinant Vaccines Industry by product type is segmented into subunit recombinant vaccines, attenuated recombinant vaccines, and vector recombinant vaccines. By application, the Global Recombinant Vaccines Industry is segregated into human, and veterinary recombinant vaccines. By distribution channel, the Global Recombinant Vaccines Industry is segregated into hospitals, private clinics & dispensaries, retail pharmacies & others.

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 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 Appendage Management Industry Forecasted to Achieve US$352.5 Million Valuation by 2028, Propelling at 6.6% CAGR

The Global Appendage Management Industry is gearing up for a transformative growth phase, as unveiled in the latest comprehensive market analysis by Future Market Insights Inc. This industry is poised to surge from its 2021 valuation of US$ 223.9 Million to an impressive US$ 352.5 Million by the close of 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period.

A primary catalyst behind this upward trajectory is the escalating prevalence of atrial fibrillation, identified as one of the most intricate cardiovascular conditions. As life expectancy increases, the incidence of atrial fibrillation follows suit, presenting a complex challenge to healthcare systems worldwide.

According to a senior healthcare analyst at Future Market Insights, “The high mortality and morbidity rates associated with atrial fibrillation, coupled with the occurrence of embolic events such as strokes, significantly contribute to the appendage management landscape. We project a substantial year-on-year growth rate of 6.3% through 2019, with an estimated valuation of approximately US$ 196.2 Million for the same period.”

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Key Insights on Competitive Landscape Analysis of Global Appendage Management Industry

As per the FMI analysis, given the high revenue contribution by the top five players—including Boston Scientific Corporation, AtriCure, Inc., Abbott Laboratories, Cardia, Inc., and Medtronic plc—holding an accumulative revenue share of nearly 89 percent, the Global Appendage Management Industry showcases a highly consolidated landscape. FMI’s research also indicates that smaller players contribute approximately 11.5 percent of revenue share to the Global Appendage Management Industry. A much more careful competitive landscape analysis of the Global Appendage Management Industry reveals a 3-tier segmentation—depending upon the growth stage of various companies.

  • With a reach wide enough in North America, Boston Scientific Corporation and AtriCure, Inc. are the clear market leaders—for endocardial and epicardial left atrial closure devices, respectively. With an accumulative share of approximately 57 percent in the appendage management market, Boston Scientific Corporation’s WATCHMAN and AtriCure, Inc.’s products are in direct competition. However, WATCHMAN is the most widely implanted and trusted—boasting FDA approval and CE Mark
  • Mid-stage growth companies including Abbott Laboratories and Cardia, Inc have pulled away from the top two players, in the last few years—holding approximately 32 percent market share. These companies, however, have an expansive range of product offerings. Holding nearly 14 percent in terms of revenue, Abbott Laboratories is upping its portfolio of upper and lower extremities along with the popularization of the product with good clinical trial results.
  • The emerging players, including SentreHEART, Inc., LifeTech Scientific Co., Ltd, Occlutech International AB, and Johnson & Johnson Services, Inc. are more focused on product innovation and differentiation within certain treatment niches, to build a strong market position in the consolidated appendage management landscape. Despite a miniscule market share, FMI foresees notable potential for its research and development initiatives in the long run.

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In terms of overall forward market strategies, key companies are projected to focus on innovating easily implantable, life-saving products for patients suffering from atrial fibrillation, thereby, eliminating the side-effects caused by drugs taken to treat atrial fibrillation. Innovative devices and better navigation and visualization technologies are expected to bring significant opportunities—translating into increased adoption of Left Atrial Appendage (LAA) closure devices by catheterization laboratories and hospitals.

Moreover, mergers and acquisitions will remain a key expansion strategy among players in the appendage management market. FMI indicates that acquisitions in the Global Appendage Management Industry would prove beneficial for the key leaders considering the increasing number of promising ongoing or successful researches by emerging companies. Already in a dominant position, key players are increasingly focusing on strengthening the supply chain and distribution networks through strategic partnerships to maximize their market share.

Bonus: Key Market Influencers

  • Notable success rate of appendage management procedures.
  • Non-surgical, minimal invasion approach helps in fast recovery and reduces surgical and implantation complications.
  • Drawback of oral anticoagulant drugs to push the demand for appendage management procedures.

Global Appendage Management Industry by Category By Product Type

  • Epicardial LAA Closure Devices
  • Endocardial LAA Closure Device

By End User

  • Hospitals
  • Cath Labs

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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
LinkedIn| Twitter| Blogs | YouTube

Temperature-Controlled Pharmaceutical Containers Market to Reach US$ 11.2 Billion by 2032, Fueled by Rising Demand for Product Safety in Healthcare

The global temperature-controlled pharmaceutical containers market is poised for exponential growth, with a projected valuation of US$ 4.9 billion in 2022, surging at a remarkable Compound Annual Growth Rate (CAGR) of 8.5% to reach US$ 11.2 billion by 2032. As per industry analysis, the top 3 countries are anticipated to capture 35-40% of the market share by the end of 2022, underscoring the sector’s burgeoning significance in healthcare logistics.

Driving Forces Behind Market Expansion:

The burgeoning demand for product safety, particularly within the healthcare industry, drives the unprecedented growth of the temperature-controlled pharmaceutical containers market. These containers serve as indispensable tools in preserving the efficacy and integrity of medical supplies, ensuring the safe transportation of critical drugs and vaccines across the globe.

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Combatting Medication Waste through Innovation:

With a steadfast focus on upholding the integrity of life-saving drugs and vaccines, temperature-controlled solutions emerge as pivotal assets in mitigating medication waste. Cold chain packaging solutions play a pivotal role in safeguarding blood, vaccines, and other essential medical supplies, addressing the rising demand among patients and the prevalence of routine diseases.

The Remunerative U.S. Market Landscape:

The United States emerges as a lucrative hub for temperature-controlled pharmaceutical containers, propelled by the nation’s robust pharmaceutical market. As per projections by the International Federation of Pharmaceutical Manufacturers & Associations, total spending on medicines in the U.S. is slated to reach a staggering US$ 625 billion by 2023, solidifying its position as the largest and most developed pharmaceutical market globally.

Moreover, with the presence of the world’s leading pharmaceutical companies, the U.S. stands as a beacon of innovation and opportunity within the temperature-controlled pharmaceutical containers market, offering a fertile ground for expansion and strategic investments.

Embracing Innovation for Healthcare Logistics:

As the temperature-controlled pharmaceutical containers market continues to evolve, industry stakeholders are poised to leverage innovation and technological advancements to optimize healthcare logistics. From extending shelf life to safeguarding critical medical supplies during transit, temperature-controlled solutions play an indispensable role in enhancing patient outcomes and ensuring supply chain efficiency.

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Business Growth Opportunities:

  1. Global Expansion: Explore opportunities to expand into emerging markets where the demand for temperature-controlled pharmaceutical containers is growing due to increased healthcare infrastructure and pharmaceutical manufacturing.
  2. Technological Innovation: Invest in research and development to enhance container technologies, such as the development of smart containers with real-time temperature monitoring and tracking capabilities, to meet the evolving needs of the pharmaceutical industry.
  3. Strategic Partnerships: Form strategic partnerships with pharmaceutical manufacturers, logistics companies, and regulatory bodies to create a seamless and compliant supply chain for temperature-sensitive pharmaceuticals.
  4. Customization and Personalization: Offer customized solutions to pharmaceutical companies, allowing them to tailor temperature-controlled containers to specific product requirements, ensuring the highest level of efficacy and compliance.
  5. Environmental Sustainability: Embrace environmentally friendly practices by developing containers that are not only temperature-controlled but also sustainable, meeting the increasing demand for eco-friendly solutions in the pharmaceutical industry.

Trends in the Temperature Controlled Pharmaceutical Containers Industry:

  1. Increasing Stringency in Regulatory Standards: The market is witnessing a trend of stricter regulatory standards for the transportation and storage of pharmaceuticals, driving the demand for advanced temperature-controlled containers that ensure compliance with these standards.
  2. Rise of Biopharmaceuticals: The growing prevalence of biopharmaceuticals, which are often more sensitive to temperature variations, is fueling the need for specialized temperature-controlled containers that can maintain the integrity of these complex drugs during transportation and storage.
  3. Integration of IoT and Data Analytics: The incorporation of Internet of Things (IoT) technologies and data analytics in temperature-controlled containers is on the rise. This allows real-time monitoring of temperature conditions, ensuring better control and visibility throughout the supply chain.
  4. Focus on Cold Chain Logistics: With the increasing importance of maintaining a seamless cold chain, there is a trend towards integrating temperature-controlled containers with advanced cold chain logistics solutions to ensure the safe and efficient transport of pharmaceutical products.
  5. Shift towards Single-Use Containers: There is a noticeable shift towards the adoption of single-use temperature-controlled containers, driven by their cost-effectiveness, reduced risk of contamination, and the ability to eliminate the need for return logistics, making them a more attractive option for certain pharmaceutical products.

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Temperature Controlled Pharmaceutical Containers Industry by Category

By Control Type:

  • Active
  • Passive

By Form:

  • Chest Style
  • Upright Style

By Application:

  • Frozen
  • Chilled
  • Ambient

By Content Type:

  • Vaccines/Drugs (IV)
  • Samples (Blood, Biopsy, Etc.)
  • Reagents
  • Genetic Materials

Author

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

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

About Future Market Insights (FMI)

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

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 Endoscopy Fluid Management Systems Industry to Achieve US$ 683 Million by 2028, Marking a 7.4% Compound Annual Growth Rate

The latest study by Future Market Insights (FMI) reveals an unwavering trajectory for the Global Endoscopy Fluid Management Systems Industry. With Tier 1 players firmly holding over 70% of the market revenue, the industry landscape remains highly consolidated, showcasing the dominance of key market players.

In 2021, the Global Endoscopy Fluid Management Systems Industry showcased a robust valuation of US$ 414 Million. FMI’s projections indicate a significant leap at an impressive 7.4% Compound Annual Growth Rate (CAGR), reaching a remarkable US$ 683 Million by 2028. This growth trajectory underscores a promising future for the industry, highlighting its resilience and adaptability in the dynamic healthcare market.

A pivotal aspect of FMI’s study is the comprehensive overview of FDA regulations governing Class II medical devices, with a specific focus on endoscopes. The report delves into the intricacies of these regulations, offering valuable insights for industry stakeholders and decision-makers.

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Top 3 Insights from Key Players Analysis

While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge as the most profitable developmental decisions shortly. Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affect revenue growth in developing economies.

“Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers. “Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Prominent Players:

  • Karl Storz GmbH & Co KG
  • Olympus Corporation
  • Richard Wolf GmbH
  • Smith & Nephew
  • Stryker Corporation
  • DePuy Synthes (Johnson & Johnson Services Inc.)
  • Cantel Medical Corporation
  • Medtronics Plc.
  • B. Braun Medical Inc.
  • Hologic Inc

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Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to an FMI study.

Healthy Year-over-Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by the dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market to secure a second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year-on-year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

The Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of the endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump-based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, a poor operational environment still remains a major growth barrier for the region.

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Key Segments Covered in Global Endoscopy Fluid Management Systems Industry Survey

Global Endoscopy Fluid Management Systems Industry by Product Type:

  • Laparoscopy endoscopy fluid management systems
  • Hysteroscopy endoscopy fluid management systems

Global Endoscopy Fluid Management Systems Industry by Modality:

  • Floor Standing endoscopy fluid management systems
  • Benchtop fluid management systems

Global Endoscopy Fluid Management Systems Industry by End-User:

  • Hospital endoscopy fluid management systems
  • Ambulatory Surgical Centers’ endoscopy fluid management systems
  • Specialty clinic’s endoscopy fluid management systems
  • Diagnostic center’s endoscopy fluid management systems

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
LinkedIn| Twitter| Blogs | YouTube

Global Vein Finder Industry Showcases Impressive 10.9% CAGR, Targets US$ 86.8 Million Valuation by 2028 | FMI Reveals

The Global Vein Finder Industry, which reached a significant valuation of approximately US$ 46.7 million in 2022, is on the verge of a groundbreaking surge, anticipating a market valuation of US$ 86.8 million by the year 2028. The industry’s unprecedented growth trajectory is underscored by a robust Compound Annual Growth Rate (CAGR) of 10.9%, as revealed in the latest analysis by FMI.

The driving force behind this remarkable ascent is the infusion of cutting-edge Vein Finder technology within the medical device sector. These innovative devices harness state-of-the-art technologies, providing substantial advantages to healthcare professionals, including physicians, nurses, and phlebotomists.

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“Innovations like these are expected to increase adoption of advanced Vein Finders in hospitals and healthcare establishments, leading to significant revenue growth of the Global Vein Finder Industry. Our analysis of the performance of the Vein Finder market reveals an absolute $ opportunity of US$ 3.0 Million between 2018 and 2019 and the global market is estimated to register a stellar growth rate of 10.9% in the coming decade.” Practice Head – Healthcare & Medical Devices, Future Market Insights

Global Vein Finder Industry Structure Overview: Regional Focus to Bolster Global Market Growth

An overview of the market structure of the Global Vein Finder Industry reveals a strong regional presence of top market companies as well as local players. Leading companies operating in the Global Vein Finder Industry are leveraging acquisitions as a primary strategy to facilitate regional market expansion. Future Market Insights analysis also observes a strong focus by Vein Finder companies on R&D for new product development and expansion of the existing product line in key regional growth markets.

“Implementation of inorganic growth strategies is seen as the way forward to penetrate key growth markets across certain developing regions. Companies in the Vein Finder market with diversified product offerings are collaborating with local regional players to introduce low-cost Vein Finder products to cement their presence across top regional markets.”

In 2017, the leading three companies in the Global Vein Finder Industry held a revenue share of about 56% while the remaining players contributed about 44% market share. New product development is a key strategy adopted by players in the Global Vein Finder Industry to increase their brand value. Rising difficulties associated with peripheral venous access, venepuncture is one of the primary factors boosting the growth of the Global Vein Finder Industry, and key players are capitalizing on the growth drivers to increase their market share.

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Future Market Insights predicts lucrative revenue growth in the various regional markets of Europe and Asia Pacific Excluding Japan. Europe will likely remain the top market for sales of Vein Finder devices owing to the increasing adoption of Vein Finder across hospitals and clinics to locate veins for drawing blood samples, IV insertions, and other vascular procedures.

Portable Vein Finder to Garner Maximum End User Demand; Infrared Technology to Register Fastest Growth in Revenue

Portable Vein Finders are likely to be the most preferred product type in the Global Vein Finder Industry, registering impressive demand as well as sales growth in the coming decade. The convenience and ease of use offered by portable Vein Finders is the primary factor boosting adoption across hospitals, clinics, and other healthcare institutions. The Global Vein Finder Industry is fuelled by advanced technology with infrared technology being the most adopted in Vein Finders. Among the various end users of Vein Finders, hospitals are likely to exhibit the highest demand in the next 10 years, also contributing to maximum revenues in the Global Vein Finder Industry.

Competitive Landscape

The market for Vein Finders is fragmented by nature, with only a few players present. These players are part of several strategic alliances. The product launch and acquisition speed up the manufacturer’s strategy to capitalize on market share and gain a sizable market share.

Furthermore, the corporations are focusing on the launch of new items to boost their product portfolio in the Asia Pacific area to expand their clientele and capture the largest market share in emerging economies.

Global Vein Finder Industry Key Players

  • AccuVein Inc.
  • Christie Medical Holdings
  • Koninklijke Philips N.V
  • Osang Healthcare Co. Ltd
  • Teleflex Inc. (Acq. VueTek Scientific, LLC.)
  • TransLite, LLC
  • ZD Medical
  • Vivolight
  • Venoscope LLC
  • Shenzhen Bestman Instruments Co., Ltd

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Global Vein Finder Industry by Category

By Product:

  • Portable
  • Benchtop

By Technology:

  • Ultraviolet
  • Infrared
  • Ultrasound

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers and Path Labs
  • Veterinary Clinics
  • Home Care Settings
  • Blood Banks

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