Market Research Blog – Page 3577 – New Product Development

Autism Spectrum Disorder Symptom Management Market Surging with a Noteworthy 5.2% CAGR from 2023 to 2033

Between 2023 and 2033, the autism spectrum disorder management market is projected to expand at a 5.2% CAGR. By 2033, a market share of US$ 3.55 billion is anticipated, and the market is projected to achieve a value of US$ 2.14 billion in 2023.

Increased cases of autism spectrum disorder, higher critical care of autistic patients, and technology-driven solutions for enhanced learning and reducing symptoms are flourishing market growth. Alongside this, new government projects focusing on disorders like autism are projected to transform the market growth.
The management systems work on the diagnosis, treatment, and care while promoting the learning and development of the end user-patient. This includes higher observations, and child tests like hearing, speech, language, developmental level, and behavioral issues.
The management services also include a long range of therapies. This includes behavior and communication therapies, family therapy, educational therapies, and medication. The management program also includes creative therapies, sensory-based therapies, and massage.
The government-based healthcare facilities are also expanding their research and development facilities to reduce autistic symptoms and promoted development in most cases.
Facilities seeking a management platform to manage each therapy and development while tracking the progress of the end user is desired. The vendors deliver the same properties in their platform, transforming modern healthcare systems.

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Key Points

The United States market leads the North American autism spectrum disorder management market in terms of market share in North America. The United States held a market share of 37.6% in 2022. The factors attributed to the regional growth are advanced healthcare facilities, a rising number of autistic patients, and technological intervention in treatment procedures. The North American region held a market share of 43.1% in 2022.
The German autism spectrum disorder management market held a market share of 7.6% in 2022. The market growth is caused by specific autistic centers advancing their technology for better services. Though, the European market held a market share of 32.7 % in 2022.
The Indian market thrives at an average CAGR of 5.2% between 2023 and 2033. The growth is attributed to the advent of new treatment methods like stem cell therapy and other creative therapies.
The Chinese market also thrives at a CAGR of 6.3% during the forecast period.
Based on indication type, the autistic disorder segment leads the market as it held a market share of 43.70% in 2022.
Based on treatment type, the behavioral approaches segment strives as it accumulated a revenue share of 32.40% in the global market in 2022.

Competitive Landscape

The key suppliers focus on integrated therapy programs. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Recent Market Developments

Hoffmann-La Roche Ltd has introduced a long range of therapies including behavioral therapy, occupational therapy, physical therapy, and speech therapy.
Otsuka Holdings Co. Ltd. Has launched the antipsychotic abilify which has also gained approval in Japan for additional indication of irritability associated with ASD.

Key Segments Covered

By Product Type:

Autistic Disorder
Asperger Syndrome
PDD-NOS
Other Pervasive Developmental Disorders

By Treatment:

Behavioural Approaches
Early Intervention
Medication
Others

By End-User:

Hospitals
Education Counsellor Center
Others

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Consumer Electronics Market: Sales Projection Set to Achieve 5.80% CAGR by 2033

In 2023, the consumer electronics market is forecasted to reach a valuation of US$ 3,296.66 million, with an expected surge to US$ 5,820.65 million by 2033. Throughout this period, consumer electronics sales are projected to maintain a Compound Annual Growth Rate (CAGR) of 5.80%. This growth trajectory signifies a substantial expansion in the consumer electronics sector over the forecasted timeline. From 2023 to 2033, the market is poised to witness significant advancements and innovations, contributing to its robust expansion. These projections underline the continuous evolution and increasing demand within the consumer electronics industry, driving its upward trajectory.

People today deprive of the time, as their lifestyle changes and want to put more comfort and convenience into lives by increasing technology usage. The suggestive idea is then fortified by the advanced technology to offer updated solutions based on them as a result of their influence, stimulating consumer electronics sales across the globe.

The list of consumer electronics appliances contains TV appliances, computers, and smartphones. In addition, the application of goods is carried out on a smaller scale and not for commercial purposes; consequently, this increases the total market size in more consumer electronics.

The emergence of innovative concepts such as 5G internet, machine learning and artificial intelligence have in one way or another empowered the market players to redefine their technology into something even better with enhanced services.

Advanced consumer electronics have been started in the country to meet both international demand and domestic consumption after high living standards invented along with increased per capita income. In addition, the integrated chips have helped in shaping AI technologies that ease what people go through.

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New smartphone technologies have penetrated other consumer electronic appliances such as interactive screens, televisions, and computers. This is followed by the vendors promoting efficient consumption and sustainable product designs.

Competitive Landscape

The competitors focus on providing the latest technology from around the world with the most adjustable design that saves electricity while providing a modern loo for appliances. Key players in the consumer electronics market are

Samsung Electronics Co. Ltd.
LG Electronics Co. Ltd
Apple Inc
Hitachi Ltd
Koninklijke Philips N.V.
Sony Corporation
Hewlett Packard, Inc
Toshiba Corporation
Panasonic Corporation.

Business Growth Drivers:

Technological Advancements: Continuous innovations and advancements in technology drive consumer electronics market growth. Products such as smartphones, smart TVs, wearables, and smart home devices evolve rapidly, offering new features, better performance, and enhanced user experiences.
Increasing Disposable Income: Rising disposable income levels, particularly in emerging economies, contribute to the growth of the consumer electronics market. As people have more purchasing power, they are more inclined to invest in electronics products.
Growing Demand for Connected Devices: The increasing demand for interconnected devices and the Internet of Things (IoT) ecosystem fuels market growth. Consumers seek seamless connectivity between various devices for convenience, efficiency, and enhanced productivity.
Digital Transformation: The ongoing digital transformation across industries and households drives the adoption of consumer electronics. Businesses and consumers alike are increasingly relying on electronics for communication, entertainment, education, and work.
E-commerce Growth: The proliferation of e-commerce platforms provides consumers with easy access to a wide range of consumer electronics products. E-commerce offers convenience, competitive pricing, and access to a global market, thereby boosting sales.
Demand for Personalization: Consumers seek personalized experiences from their electronic devices. Companies that offer customizable products and services cater to this demand, driving growth through consumer loyalty and satisfaction.
Emergence of New Markets: The expansion of consumer electronics markets in developing regions presents significant growth opportunities. As infrastructure improves and disposable incomes rise, these markets become increasingly attractive to manufacturers and retailers.

Industry Restraints:

Market Saturation: Mature markets such as smartphones and personal computers may experience saturation, leading to slower growth rates. Manufacturers must innovate continuously to maintain consumer interest and market share.
High Competition: Intense competition among consumer electronics manufacturers and brands can lead to price wars, shrinking profit margins, and challenges in product differentiation. Companies must invest in research and development to stay ahead of competitors.
Supply Chain Disruptions: Global events, natural disasters, trade disputes, and supply chain disruptions can impact the availability of components and raw materials, leading to production delays and increased costs.
Regulatory Compliance: Stringent regulations related to product safety, environmental standards, and data privacy pose challenges for consumer electronics companies. Compliance with diverse regulations across regions adds complexity and costs to operations.
Short Product Lifecycles: Rapid technological advancements result in short product lifecycles, making it challenging for companies to recoup investments in research, development, and marketing. Obsolescence of products can lead to inventory write-offs and loss of market share.
Cybersecurity Concerns: With the proliferation of connected devices, cybersecurity threats pose significant risks to consumers’ personal data and privacy. Companies must invest in robust cybersecurity measures to mitigate risks and maintain consumer trust.
Economic Uncertainty: Economic downturns, recessions, and fluctuations in currency exchange rates can affect consumer confidence and purchasing power, impacting sales of consumer electronics products. Companies must adapt their strategies to navigate through periods of economic uncertainty.

Key Points

The Chinese market is the biggest and the fastest market for consumer electronics and is expected to cross a value of US$ 717.1 Bn by 2033. The regional market is expected to thrive at an elevated 11.6% between 2023 and 2033.
The US market for consumer electronics thrives at a CAGR of 2.9% during the forecast period. The market is likely to reach a value of US$ 705.6 Bn by 2033.
The multi-brand stores segment is likely thrive in the sales channel category as it provides more dimensions to the retailer while diversifying the options for the end users. It is expected to thrive at a CAGR of 4.2% during the forecast period.
The consumer electronic devices segment tops the product type tally with a CAGR of 5.2% between 2023 and 2033 while it thrived at a lower CAGR of 3.6% during the previous forecast period.

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Key Segments

Product:

Consumer Electronic Devices
- Digital Camcorder/DVR and Camera
- Smart Phones/Feature Phones & Tablets
- Smart TV
- Printers/ Set Top Box
- Personal Computers & Gaming Consoles
Wearable Devices
- Smart Accessories
- Other Wearable Devices
Smart Home Devices
- Securities & HVAC Systems
- Smart Kitchen Appliances

Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Wholesalers & Distributors
Other Sales Channel

By Region:

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

For instance:

In 2022, Samsung Electronics co. Ltd has introduced a wide range of new consumer electronic devices such as foldable phones, refrigerators with invertor technology, and Neo QLED 8K/4K TVs & AVs.
In 2022, LG Electronics launched a new range of washing technology that involves front-loading washing machines, top-loading washing machines, dryers, and semi-automatic washing machines.

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Genital Warts (Condyloma Acuminatum) Market is expected to be valued at US$ 3 billion by 2033, exhibiting a CAGR of 4.84%

The global genital warts (condyloma acuminatum) market size is poised for substantial growth, projected to soar from its current value of US$ 1.87 billion in 2023 to an impressive US$ 3 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 4.84%. This forecasted surge is attributed to the introduction of novel medications and the impact of widespread and effective vaccination campaigns.

Major pharmaceutical players, including Tamir Biotechnology (Orgenesis), Verrica Pharmaceuticals, Novan Inc., and others, are actively contributing to the development of drugs targeting genital warts. The market dynamics are expected to undergo a significant shift with the advent of these innovative medications.

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One of the pivotal drivers behind this growth is the success of vaccination campaigns, raising public awareness of the importance of vaccinations in preventing genital warts. Immunization rates have seen a noticeable uptick, and a direct correlation has been observed with a decreased incidence of genital warts.

Government initiatives and increased funding for cancer research are playing a crucial role in propelling the global genital warts market forward. The escalating investments in Research and Development (R&D) related to oncologic disorders present substantial growth opportunities for the market. Initiatives like the 2010 Affordable Care Act, which provides access to the human papillomavirus vaccine, HPV testing, and Pap testing for a significant portion of covered patients, have contributed to the overall positive trajectory.

Despite these advancements, challenges persist. The Healthy People 2020 goal in the U.S., aiming for 80% vaccination coverage against HPV, has not been met, with a 2016 national survey revealing that only 50% of girls have completed all doses. This underscores the need for continued efforts to enhance vaccination rates and further reduce the incidence of genital warts.

As the global genital warts market continues to evolve, with promising medications in the pipeline and increased awareness through vaccination campaigns, the future holds significant potential for growth and improved public health outcomes.

Key Takeaways:

FMI estimates the Genital warts market to achieve valuation of US$ 3 Billion by 2033.
North America is set to dominate the market with 40% market share.
Hospital pharmacies are estimated to rule the segment by accounting highest share on the basis of distribution channel.
Dominating genital warts companies such as Verrica Pharmaceuticals, Tamir Biotechnology, Novan Inc., and others are developing novel genital warts drugs that can be available in the genital warts market in the forthcoming years.
The prevalent genital warts therapies in the pipeline include VP-102, Ranpirnase (RanTop), Berdazimer sodium (SB 206), and others.
The increase in genital warts market size is a consequence of the expected approval of emerging therapies in the major markets during the forecast period.
APAC is projected to be fastest growing industry for Genital warps treatment.

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Competitive Landscape:

Key players in the Genital Warts market are: Verrica Pharmaceuticals, Tamir Biotechnology, Novan Inc., Medicis Pharmaceuticals, Aresus Pharma, AbbVie, Sanofi S.A., AbbVie Inc, Perrigo Company PLC, Glenmark Pharmaceuticals. Some key developments in this market are:

In 2019, GenieMD, a global provider of telemedicine services, developed their telemedicine app iVisit that would allow patients to be diagnosed and treated for genital warts via virtual visit with the physician.
For instance, in August 2018, Oceanside Pharmaceuticals, a company which delivers pharmaceutical services, created an authorized generic version of Bausch Health’s Zyclara (imiquimod) 3.75% cream pump. Zyclara (imiquimod) 3.75% is indicated for the topical treatment of external genital and perianal warts/condyloma acuminata (EGW) in patients of age 12 years or older.
In June 2020, Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc., had announced the U.S. FDA approval for GARDASIL9 (Human Papillomavirus 9-valent Vaccine, Recombinant) for the prevention of HPV-related cervical, vaginal, vulvar, anal, oropharyngeal, and other head and neck cancers. The FDA approval received would result in addressing the unmet clinical needs for the patients, increased distribution of the vaccine in hospitals and cancer research institutes, for the rise in product sales.

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Key Segments Profiled in the Genital Warts Market Industry survey:

Genital Warts Market by Treatment:

Chemical Treatment
Ablative Treatment
Preventive Treatment
Other Treatments

Genital Warts Market by Distribution Channel:

Hospital Pharmacies
Retail pharmacies
Online Pharmacies

Genital Warts Market by Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Pouring Profits: Spirits Market Poised to Reach $90.3 Billion by 2033, Attracting Investors with a 4% CAGR Opportunity | FMI

The number of spirits market is projected to rise internationally, mostly due to the influence of Western culture and the growing market potential, from over US$ 59.4 billion in 2023 to approximately US$ 90.3 billion by 2033.

The global spirits market is projected to expand from an estimated US$ 59,408 million in 2023 to US$ 90,288.9 million by 2033 at a compound annual growth rate (CAGR) of 4%. The primary driver of this increase is the rise in alcohol intake, particularly among youth who are exposed to Western culture. Spirit sales are strong and have potential for expansion; in 2022, they brought in a total of US$ 57,123 million worldwide.

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As per various earlier market survey reports, the net worth of total spirits sold globally in the year 2022 stood at US$ 57,123 Million. In accordance with data from Future Market Insights (FMI), the global spirits market value is estimated to be around US$ 59,408 Million in 2023. Further, as per this market report, the market is projected to progress at a CAGR of 4% from 2023 to 2033. By following this moderate CAGR, the overall market value is projected to reach US$ 90,288.9 Million by 2033.

One of the main causes fueling the expansion of distilleries or the spirit industry is the rise in the number of alcohol consumers. The overall use of various types of spirits has increased, especially among young people, as a result of Western culture’s influence on developing countries.

Spirits sales have increased significantly in recent years thanks to a more sophisticated distribution system utilised by alcohol producers, such as internet merchants. In addition, the growth and introduction of new alcoholic beverage-serving pubs, restaurants, and hotels have enhanced their market trend.

The use of craft spirits has increased over the past several years for a variety of reasons, including the younger generation’s growing preference for premium alcoholic beverages. In order to broaden their product lines, craft spirit distillers are also focusing on developing new beverages using a variety of herbs, spices, botanicals, and fruits.

Key Takeaways:

The absolute increment of the overall market over the next ten years is anticipated to be US$ 30,881 Million.
The United States alone accounted for almost 32% of the total spirits consumed in the year 2022.
Germany follows the United States in sales and consumption of spirits and contributed to nearly 15% of the market revenue share in 2022.
The demand for spirits in the United Kingdom is higher than in any other country in Europe and could progress at a 6% CAGR through 2033.
The capacity for the production of spirits in China is higher than in other Asia Pacific countries and during the projected period it could register a CAGR of 6.5%.
India is another emerging country for both consumption and supply of spirits which is poised to progress at 4.6% CAR through 2033.
Japan was figured out to have contributed 1.2% in global sales of spirits in 2022 while the contribution of Australia was only 0.9%.
Among the different types of spirits, the whiskey segment dominates the overall market having a 28% revenue share in the year 2022.
Based on distribution channels, the indirect sales of spirit accrued revenue of 71% in 2022.

Competitive Landscape:

Diageo plc.
Pernod-Ricard SA
LVMH
Jose Cuervo
Patrón
Beam Suntory
Brown-Forman Corp.
Constellation Brands, Inc.
Remy Cointreau SA
Marnier Lapostolle SA
Belvedere SA
Berentzen-Gruppe AG.
William Grant & Sons
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Others

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A few of the top producers of spirits are concentrating on taking advantage of the potential presented by the quickly expanding market sectors.

Future business of the spirits industry could shift in favor of the suppliers due to the ongoing introduction of product lines according to local preferences. As bigger spirit producers like Suntory Holding and Pernod Ricard are attempting to capitalize on this, new partnerships are taking place in the market. Acquired regional partners get access to a wider consumer base, and are also permitted to continue operations entirely independently of the new parent company.

Key Segmentation:

By Product Type:

Vodka
Rum
Whiskey
Gin
Tequila
Other Spirits

By Category:

Mass
Premium

By Application:

Household
Commercial

By Distribution Channel:

Direct Sales Channels
Indirect Sales Channels
- Hypermarkets or Supermarkets
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani
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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DNA-Based Skin Care Market Revealing the Future, Expected to Reach US$ 8,192.3 Million by 2033

It is anticipated that the DNA-based skincare market will reach a valuation of US$ 4,733.8 million in 2022 and US$ 4,907.7 million in 2023. A CAGR of 5.3% is predicted for the DNA-based skincare market between 2023 and 2033, reaching a total of around US$ 8,192.3 million by that time, according to Future Market Insights.

DNA skincare products use information gathered from the person’s genetic makeup for prescribing its products, which helps to know the adverse effects of routine to counteract.

Boost in demand for health and wellness products is estimated to propel the growth of the DNA-based skin care products market going forward. Living a healthy lifestyle improves a person’s appearance and well-being, and the health of the skin is an indicator of a person’s overall health.

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Key Takeaways from the Market Study

Anticipated size of the DNA-based skincare market in 2017 was US$ 4,178.1 million.
Global DNA-based skincare market grew at a CAGR of 2.5% between 2017 and 2022.
North America is anticipated to generate the largest DNA-based skincare market share of 37.6% in the upcoming years.
Demand for natural and organic products in Europe has been fueled by the increase in consumer awareness about the risks of adopting skincare products having synthetic chemicals holding a market share of 25.5%.
Under product type, creams dominate the market with a share of 56.2%.
Under distribution channel, the offline distribution channel has a major position in the market with a market share of 68.8%.

“Desire to slow down the signs of aging among millennials is one of the major drivers of the DNA-based skincare market”, comments a Future Market Insights analyst.

Market Competition :

The global market is highly fragmented with the presence of various international and domestic companies. Many companies are gradually shifting towards artificial intelligence to provide individualized suggestions and track daily skin changes to react to the shift in lifestyles. Meanwhile, some of the other key players are striving to develop DNA testing kits for customers to enable them to make informed decisions associated with their genetic composition.

Gi Picco’s, a manufacturer of cosmetic powders in Europe, was purchased by MS Beautilab. The acquisition of Italy’s Gi Picco’s Cosmetics by the Swiss-French subcontractor has resulted in the improvement of its product line and has completed its historical by marking a significant milestone in the company’s expansion strategy.
Milk Makeup and Obagi Cosmeceuticals LLC were acquired by Waldencast Acquisition Corp.

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Key Segments Profiled in the DNA-Based Skin Care Industry Survey :

By Product Type:

Serums
Creams
Others

By Distribution Channel:

Offline
Online

By End Use:

Home User
Wellness Clinics
Salons

By Region:

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

Author By:

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)

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

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Website: https://www.futuremarketinsights.com
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MRI-Safe Neurostimulation Systems Market On Track to Surpass US$ 1,158.9 Million by 2033

The MRI-safe neurostimulation systems market is poised for phenomenal expansion, with 2023 positioned to be a key year. According to recent industry data, the market is expected to reach US$ 278.5 million in 2023, a substantial increase over the figures from the year before. In addition, the market is expected to grow at an impressive 15.3% compound annual growth rate (CAGR) from 2023 to 2033, which will result in a significant market valuation of over US$ 1,158.9 million by that time.

Neurological disorders have become a global health concern, and as awareness of neurodegenerative conditions continues to rise, the demand for MRI-Safe neurostimulation systems has gained substantial momentum. These innovative systems offer a novel approach to diagnosing and treating neurological conditions while ensuring patient safety during MRI procedures, a key factor driving the market’s rapid expansion.

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Key Drivers of Market Growth:

1. Rising Prevalence of Neurological Disorders: The increasing incidence of neurological disorders, including neurodegenerative conditions like Alzheimer’s and Parkinson’s disease, has heightened the demand for advanced diagnostic and treatment solutions.

2. MRI Compatibility: MRI-Safe neurostimulation systems provide a unique advantage, as they enable healthcare professionals to conduct magnetic resonance imaging while simultaneously delivering neurostimulation therapy, enhancing the quality of patient care.

3. Advancements in Medical Technology: Ongoing advancements in medical technology have led to the development of more efficient and user-friendly neurostimulation systems, attracting both healthcare providers and patients.

4. Healthcare Awareness: Greater awareness of the potential benefits of neurostimulation therapy for various neurological conditions has driven its adoption.

Key Companies:

Medtronic Inc.
Cyberonics, Inc.
AADCO Medical Inc.
Boston Scientific
Sorin
St. Jude Medical
Biotronik
Codman & Shurtleff’s
Nevro Corporation
Boston Scientific Corporation

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Key Segments:

By Product:

Implantable
Transcutaneous

By Application:

Spinal Cord Stimulation (SCS)
Peripheral Nerve Stimulation
Intracranial Stimulation
Deep Brain Stimulation
Motor Cortex Stimulation
Sensory Nerve Stimulation
Vagus Nerve Stimulation

By End User:

Hospitals & Clinics
Diagnostic Labs and Centers
Ambulatory Surgical Centers
Research Laboratories

By Region:

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

Author By:

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)

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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Oncology Information Systems Market Accelerating Towards a Surge to US$ 5,828 Million by 2033

In 2022 and 2023, the anticipated values of the Oncology Information Systems Market are US$ 2,593.4 million and US$ 2,753.8 million, respectively.

The oncology information systems market is expected to grow at a CAGR of 7.8% between 2023 and 2033, totaling around US$ 5,828 million by 2033, according to the Future Market Insights analysis report.

Innovations such as artificial intelligence, machine learning, and big data analytics will help them for enabling oncologists in making more accurate diagnoses, developing tailored treatment plans, and monitoring patient progress in real time.

Advancements in telemedicine and remote patient monitoring will help in enhancing the accessibility of specialized oncology care, particularly in underserved areas.

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Key Takeaways:

Global oncology information systems market grew at a CAGR of 5.1% between 2017 and 2022.
Global oncology information systems market expanded at a CAGR of 2,023.5 million in 2017.
Under the product type segment, the oncology information systems market has been segmented into solutions and professional services accounted for 73.4% of global revenue.
Under the application segment, the medical oncology segment will account for 61.2% of global revenue.
North American regional oncology information systems market had the highest revenue oncology information systems market at 38.5%.
United States forecasted a market share of 36% in 2022

“Traditional healthcare delivery model and research systems influencing the oncology information are considered to be one of the major trends of the oncology information systems market”, comments a Future Market Insights analyst.

Competitive Landscape

To boost revenue oncology information systems market growth and solidify their positions in the oncology information systems market, the major players in the oncology information systems market are concentrating on strategic initiatives like product launches, acquisitions, collaborations, participation in events, and expansions.

Koninklijke Philips N.V. (The Netherlands) has announced a collaboration with Elekta (Sweden) for developing advanced, comprehensive, and personalized cancer care through precision oncology information solutions.
McKesson Corporation (USA) launched Ontada, an oncology technology and insights business dedicated to the advancement of cancer research and care.
Philips Healthcare has mentioned that it has increased, socially conscious healthcare leaders for recognizing their responsibility in the improvement of healthcare equality, as well as the need for reduction in the sector’s carbon footprint for the preservation of the planet’s health.

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Key Segmentation :

By Product:

Solutions
- Patient Information Systems
- Treatment Planning Systems
Professional Services

By Application:

Medical Oncology
Radiation Oncology
Surgical Oncology

By Region:

North America
- The United States
- Canada
Europe
- The United Kingdom
- Germany
- France
- Italy
- Spain
Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
The Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates

Author By:

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.

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Global Pre-workout Supplements Market Expected to Reach US$ 36.9 Billion by 2033 with a 7.5% CAGR – A Lucrative Investment Opportunity for Health

The global pre-workout supplements market size is estimated to surpass a valuation of US$ 20,154 million in 2023. It is likely to reach a valuation by 2033, of US$ 36,905.8 million. The market is anticipated to grow at an impressive 7.5% CAGR between 2023 and 2033.

As customer tastes for nutrient-dense meals and knowledge of the advantages of fitness and health improve, it is anticipated that the market will expand. The introduction of new pre-workout supplements is being driven by an increase in consumer expenditure on healthful meals. Many multinational companies are branching out into new areas in an attempt to profit from the growing trend of health and wellbeing. The global market for pre-workout supplements is expected to gain from this.

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The expansion of leading players’ R&D efforts is also anticipated to accelerate market expansion. Market growth is predicted to be fueled by the increased popularity of clean-label products and the movement towards sustainability. Home exercise is becoming more and more popular, which expands business potential. Pre-workout supplement sales are projected to increase due to the home workout trend and the lack of free time caused by busy work and personal schedules.

Both dry and wet pre-workout supplements are available. Customers strongly choose dry pre-workout pills for a variety of reasons, with convenience being the most important one. There are several various pack sizes, flavours, and ingredients for dry pre-workout supplements. Both eating and storing them are simple. Additionally, they last longer on the shelf than moist pre-workout vitamins. These elements increase pre-workout supplement need. They are also convenient to transport, which increases their overall demand and fosters the expansion of the global market.

Key Takeaways from the Market:

In 2018, the global market size stood at US$ 17,410.6 million.
The market accounted for US$ 19,739.24 million in 2022.
The market developed at a CAGR of 3.2% from 2018 to 2022.
In 2022, the ready-to-drink segment captured 53.6% shares in the global market.
The offline sales channel segment captured a 63.9% market share in 2022.
The United States pre-workout supplements market captured nearly 24.1% of the global pre-workout supplements market share in 2022.
The Indian market in pre-workout supplements garnered nearly 5.6% of the global market share in 2022.
The United Kingdom captured 7.6% of the global pre-workout supplements market shares in 2022.

Recent Developments Observed by FMI:

RSP Nutrition introduced AminoLean MAX, their newest pre-workout supplement, in June 2022. The new supplement provides better attention, energy, and pump.
In May 2022, GNC introduced the ZOA+ pre-workout supplement. High-quality components are used in the production of the new pre-workout pill to provide improved performance.
Pre JYM, a brand-new pre-workout supplement for elite athletes and fitness lovers, was introduced by GNC in April 2022.
GNC debuted Concept X under the Beyond Raw brand. In it, 16 ingredients make up the new pre-workout pill, which provides greater energy, strength, concentration, pumps, and muscular pain assistance.

Key Players in the Global Pre-workout Supplements Industry

MusclePharm Corporation
Nutrabolt Corporation
BPI Sports LLC
Magnum Nutraceuticals
GAT Sport
Nutrex Research Inc.
Beast Sports Nutrition
SynTech Nutrition (Medix Laboratories NV)
EFX Sports
ALLMAX Nutrition Inc.

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Market Segmentation

By Form:

Powder
Ready-to-drink
Capsule/Tablets

By Sales Channel:

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

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Microparticulated Whey Protein Market Poised to Surge at 8.3% CAGR, Expected to Reach $376.7 Million by 2033 – An Attractive Investment Opportunity for Health-Conscious Investors

The Microparticulated Whey Protein market estimated to be worth $165 million in 2023, it is projected to increase impressively at an 8.3% CAGR to reach US$ 376.7 million by 2033. Demand from consumers for practical, healthful products and technical developments—especially in the ready-to-drink beverage category, which is expected to account for 34.4% of the market by 2033—are the main drivers of this upsurge.

The market for microparticulated whey protein is growing swiftly since it has so many applications in the food and beverage industry. A growing range of formulations utilising microparticulated whey protein are being developed in response to consumer demand for products that are both functional and nutritious. Growing health consciousness and processing technology advancements are driving the market’s growth.

Microparticulated whey protein market expansion is being driven by technical improvements and the growing customer demand for useful and healthy products. Estimated to be worth approximately US$ 165.0 million in 2023, it is projected to expand at a noteworthy rate of 8.3% per year to US$ 376.7 million by 2033. Ready-to-drink beverages are significant; by 2033, they should hold 34.4% of the market.

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According to Future Market Insights (FMI), the global Microparticulated Whey Protein Market is valued at US$ 165.0 million in 2023. It is estimated to reach US$ 376.7 million by 2033. Sales are likely to grow at a CAGR of 8.3% from 2023 to 2033.

The fact that ready-to-drink beverages account for a sizable share of the worldwide industry is remarkable. By 2033, it is projected to have a 34.4% market share.

Ready-to-drink beverages have become more and more popular in the current era as people lead busier lifestyles because of its portability and convenience. Customers can try out cutting-edge flavourings, such carbonation, and package designs when they buy these beverages.

Within the category of ready-to-drink beverages, both refrigerated and shelf-stable beverages are included. The demand for shelf-stable products is high as they are easy to store and distribute.

Growing demand for sports nutritional supplements is expected to provide favorable opportunities for manufacturers. This is due to microparticulated whey protein’s availability, amino profile, and digestibility.

Increasing demand for healthy and functional food products is also likely to stimulate market demand. Consumers are becoming health conscious and are actively seeking products that offer nutritional benefits. As it contains amino acids and high protein content, it also enhances texture and sensory attributes.

Changing consumer behavior, with a significant percentage seeking low-fat and high-protein food options, is driving the demand for microparticulated whey protein as a replacement for high-fat ingredients.

Increasing adoption of microparticulated whey protein as a texturizing and emulsifying agent in various food formations will drive demand. It provides excellent water-binding capabilities and can contribute to improving texture, velocity, and stability. These properties make it highly valuable for applications such as meat products, sauces, dressings, and desserts.

This trend is also prompting packaged food companies to incorporate functional ingredients to enhance their product labels and maintain their competitive edge.

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Key Takeaways from the Microparticulated Whey Protein Market Report:

The global market for microparticulated whey protein is anticipated to reach US$ 376.7 million by 2033.
The United States is likely to expand at 0% CAGR between 2023 and 2033.
Germany is likely to dominate Europe market for microparticulated whey protein and hold a valuation of US$ 38.2 million by 2033.
In terms of application, the ready-to-drink beverages segment accounts for a dominant share of 0% of the total market by 2033.
By form, powder segment is expected to hold a significant market share of 6% of the total microparticulated whey protein industry in 2023.

“Rising demand for sports nutrition and healthy food products globally will fuel sales. Therefore, manufacturers need to need to develop products with novel features to stay competitive. Advent of processes like microencapsulation will likely reduce operating costs and increase efficiency for manufacturers.” – says a lead analyst at Future Market Insights (FMI)

Who is Winning?

CPKelco- SIMPLESSE®, Arla Foods Ingredients, Sure Protein WPC550 (NZMP), MILEI GmbH, Carbery, Leprino Foods, Makers Nutrition, LLC, Fonterra, Nutra Solutions and Others are key players in the microparticulated whey protein industry

Key players are developing microparticulated whey protein products with unique properties, enhanced functionalities and improved technologies. They are also investing in research and development to create new formulation and explore novel applications.

Key manufacturers are also implementing quality control measures, conduct regular testing and analysis to obtain necessary certifications.

For instance,

In May 2021, Arla Foods Ingredients launched a new range of microparticulate whey protein ingredients. These are designed to use in low-pH beverages, such as energy drinks and fruit juices.
In February 2021, Glanbia plc announced a partnership with a German start-up, Ingredient Insights GmbH, to develop new plant-based protein ingredients. It includes microparticulate whey protein, for use in food and beverage products.
In November 2020, Hilmar Ingredients announced the launch of its new microparticulate whey protein concentrate. It is designed to provide enhanced texture and stability in a variety of food and beverage products.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global microparticulated whey protein industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

Microparticulated whey protein industry is segmented by application (ready-to-drink beverages, functional beverages, baked goods, confectionery, snacks and cereals, dairy (cheese/processed cheese and yogurt), coffee creamer, nutritional products, sports nutrition, medical nutrition (infant nutrition and frozen desserts), margarine, fat based condiments), by form (powder and liquid) and by region for 2023 to 2033

Microparticulated Whey Protein Market by Category

By Application:

Ready-to-drink Beverages
Functional Beverages
Baked Goods
Confectionery
Snacks and Cereals
Dairy
- Cheese/Processed Cheese
- Yogurt
Coffee Creamer
Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
Frozen Desserts
Spreads
Margarine
Fat Based Condiments

By Form:

Powder
Liquid

By Region:

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

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About the Food & Beverage Division at Future Market Insights (FMI)

FMI’s Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Adoption of Benelux Power Tools Market Size Projected to US$ 1.711 billion by 2033

High Pressure Processing Equipment Market

In 2023, the Benelux power tools market is expected to be worth US$ 1,091.40 million. With the increasing use of power tools in the industrial and residential sectors, global demand is expected to expand at a 4.6% CAGR between 2023 and 2033. The adoption of benelux power tools market is to be hitting US$ 1.711 billion by 2033.

The growing customer preference for power tools over hand tools is fueling the expansion of the Benelux power tools industry.

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The adoption of power tools in the Benelux region, comprising Belgium, the Netherlands, and Luxembourg, reflects several trends and factors contributing to their popularity and widespread use:

Industrial Growth: The Benelux region is home to a diverse range of industries, including manufacturing, construction, automotive, and electronics. The adoption of power tools is driven by the need for efficient and precise equipment to support these industries’ growth and productivity.
Technological Advancements: Power tool manufacturers are continually innovating their products, introducing new features, and improving performance to meet evolving user needs. The adoption of advanced power tools with features such as cordless operation, brushless motors, ergonomic designs, and enhanced safety features attracts users looking for efficiency, convenience, and safety in their work.
DIY Culture: There is a growing do-it-yourself (DIY) culture in the Benelux countries, with many individuals undertaking home improvement, renovation, and crafting projects. Power tools empower DIY enthusiasts to tackle projects effectively and efficiently, leading to increased adoption among hobbyists and homeowners.
Construction and Infrastructure Development: The construction industry in the Benelux region is witnessing significant infrastructure development projects, including residential and commercial buildings, roads, bridges, and utilities. Power tools play a vital role in construction activities, driving their adoption among contractors, builders, and tradespeople.
Environmental Awareness: Increasing awareness of environmental sustainability and energy efficiency influences the adoption of power tools with eco-friendly features, such as energy-efficient motors, reduced emissions, and eco-friendly battery technologies. Users prioritize tools that minimize environmental impact while delivering high performance.

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Key Players

Stanley Black & Decker Inc.
Atlas Copco AB
Snap-on Incorporated
Robert Bosch GmbH
Techtronic Industries Co. Ltd
Danaher Corporation
Makita Corporation
Actuant Corporation
Hitachi Koki Co. Ltd
SKF AB
Metabowerke GmbH
FERM B.V.
Einhell Germany AG
VIKING GmbH

Key Segments

By Mode of Operation:

Electric
Pneumatic
Others

By End Use:

Industrial
Household

By Country:

Belgium
Netherlands
Luxembourg

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Explore More Industrial Automation Market Report:

Power Tool Market Size: The market is set to grow significantly, with a projected value of US$ 36.04 billion in 2023, expected to reach US$ 64.5 billion by 2033. This growth is underpinned by a strong anticipated CAGR of 6% from 2023 to 2033.
Power Device Analyzer Market Share: The global market is poised for significant growth from 2023 to 2033. According to a Future Market Insights report, the market is projected to exceed US$ 468.9 million in 2023 and is expected to reach US$ 778.5 million by 2033. This expansion is forecasted to be driven by a steady CAGR of 5.2% from 2023 to 2033.
Digital Pump Controller Market Growth: The global market was valued at US$ 9,051.1 million in 2018 and is anticipated to reach US$ 10,684.6 million in 2023. Looking ahead, the market is expected to maintain strong growth, with a projected 6.3% compound annual growth rate (CAGR) from 2023 to 2033, culminating in a market size of US$ 19,638.0 million by 2033.
Safety Valve Market Trends: Global safety valve sales are on track to reach US$ 4.4 billion by 2023, with an anticipated 8.6% compound annual growth rate (CAGR) in demand through the forecast period. By 2033, total revenue is poised to reach approximately US$ 10.0 billion. In parallel, the most recent industry analysis suggests that the target segment is set to expand at an 8.2% CAGR through 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets.

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Nandini Singh Sawlani