Market Research Blog – Page 3628 – New Product Development

UK Medical Tourism Market Set for a 14.6% CAGR by 2032 | FMI

The UK medical tourism market is projected to reach a valuation of US$ 6 Billion in 2022 and it is anticipated to reach US$ 23.44 Billion by 2032. The sales in UK medical tourism are projected to increase at a 14.6% CAGR.

The rise of health concierge services across the UK has massively assisted in the growth of the UK medical tourism market size in last couple of years. The convenience provided by these services and the eminent quality of the private medical infrastructure in the UK are attracting consumers from across the globe.

The UK medical tourism market is expected to grow at a steady rate during the forecast period. Multiple factors are assisting the demand for medical tourism in UK from low and middle-income regions, where the healthcare infrastructure is not advanced enough. As a result, these factors are anticipated to remain the major drivers for the growth of the UK medical tourism market share during the forecast period.

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Better standards, along with these factors are attracting high-net-worth medical tourists seeking treatment for a variety of conditions in the UK, encouraging the adoption of medical tourism and offering lucrative growth opportunities.

The growing trend of privatized healthcare across the globe has presented various opportunities for the key players in UK medical tourism sector. The prevalence of private healthcare infrastructure with rising demand for medical tourism in UK is expected to surge further and boost the revenue of the market.

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Key Takeaways:

Due to the presence of world-renowned experts, the orthopaedic treatments segment is anticipated to dominate the UK medical tourism market.
Due to early mental health awareness, the therapeutic service sector in the UK is expected to grow significantly.
Independent tourists are the most popular among medical tourists, owing to the rise of digital technologies.
Due to the prevalence of common orthopaedic and cardiovascular issues in men, male medical tourists are more likely to visit the UK on a regular basis.
The 45-54 age group is expected to dominate the UK Medical Tourism Market.
Online booking is the preferred route due to the wide choice of alternatives and the hassle-free experience.

Competitive Landscape of UK Medical Tourism Market

Leading players in the UK Medical Tourism Market are looking to expand their revenue by catering to VIP consumer needs by offering all-inclusive packages. They are also focused on ramping up their service reach by adding more healthcare facilities under their umbrella while trying to further expand their presence.

Key Players in the UK Medical Tourism Market

Med Journeys
Metta Health Ltd.
HexTransforma Healthcare Ltd.
Balsamee
International Health Plus
Maya Medical Group
Global Health Manager Limited
HCA International Limited
Imperial Private Healthcare
Best Health Care Services

UK Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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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Ready-to-Eat Revolution: Navigating the Global Market’s Growth and Consumer Trends Amidst COVID Challenges | FMI

The global ready-to-eat food market is predicted to achieve a total market value of US$ 185.8 Million in the year 2023, with a CAGR (compound annual growth rate) of 7.7%, attaining an overall market worth Of US$ 371.6 Million by the year 2033. Even due to the Covid crisis, the ready-to-eat food sector has shown to be among the fastest & rapidly expanding markets.

Consumers choose products that are more authentic, organic, and customised while maintaining tastes, nutritional value, and health goals. The items should primarily help customers maintain a balanced diet, especially with their hectic schedules and active lifestyles. Consumers are busier at work and have increased expectations for food quality, flavour, and appearance; therefore, they want manufacturers and retailers to communicate with them in an expedient manner.

Younger generations’ passion for food is driving the demand for gourmet dining, but they might not have the means (time, money, or equipment) to sustain it. Therefore, there is a need for prepared foods that are better for these people.

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Key Takeaways:

For its enormous market presence, technical advances and innovation, hectic schedules, and high spending power, the United States dominates the ready-to-eat food industry throughout the North American region but also globally.
The U.S. has a 65 % market share in the region, with a total market valuation of about USD 44,460 million.
In the year 2020, roughly 36% of American adults said they consumed ready-to-eat meals.
The highest consumed and selling categories in the Indian ready-to-eat food market include pre-cooked meat and smoked fish, which are expected to create substantial sales income.

“Customers have a preference for ready-to-eat food since it may serve as a useful substitute for a normal diet and has an increased shelf life, making it handier to preserve for later use. Due to their dynamic and hectic lifestyles, youths are the primary target area for this industry. They choose ready-to-eat or easy foods. With such a wide range of consumers, the ready-to-eat sector will have a rapid growth trajectory,” says a lead analyst at Future Market Insights.

Competitive Landscape:

Customers desire ready-to-eat meals which are minimally processed and with a longer shelf-life and few or no preservatives, but not at the expense of sensory attributes. High-Pressure Processing (HPP) technology has a lot of potential as a preservation solution without the use of heat for RTE meals.

A further successful story is MUSH, which prepares overnight cold-soaked oats in milk that is dairy-free, never heated, and free of preservatives and unnatural colors. Plant-based broths, animal stews, and soup pouches are among the culinary selections available at Singapore’s Soup Spoon. Villa Food manufactures classic Italian ready-to-eat meals in Italy, including vegetarian dishes. Tappers in Spain provide many meals during the week, with plant-based options included.

Major corporations are employing creative strategies like new product releases and boosting manufacturing capacity to serve better to the consumers and satisfy their rising demands. In May in the year 2018, Del Monte Foods, Inc., a prominent food processing company, launched an ‘elegant and classy’ canned Gold pineapple fruit line geared for teenagers.

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Future Market Insights, in its new offering, provides an unbiased analysis of the Ready-to-Eat presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

Segmentation for ready to eat food market

By Product Type:

Vegetable-Based
Cereal Based
Meat/Poultry
Others

By Packaging:

Canned
Retort
Frozen or Chilled
Others

By Distribution Channel:

Online Store
Departmental/ Convenience Store
Specialty Store
Supermarket/ Hypermarket
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Dental Services Market is on track for a substantial upturn, with an expected worth of about US$ 587 Billion by 2032

Rapidly growing dental awareness campaigns have been observed as a trend that has recently gained significant traction in the global dental services market demand, the value of the worldwide dental services industry is projected to reach US$ 587 billion by 2032, growing 6.2% yearly. It is projected that connections between print and visual media would create significant growth potential for the dental services industry by stressing the importance of routine dental exams.

The prevalence of dental diseases is anticipated to rise, along with the population of seniors and the accessibility of a sophisticated healthcare system. The rising focus on the creation of dental vaccines that help with the prevention of dental problems has significantly restricted the market for dental treatments.

The market for dental treatments is expected to grow significantly as a result of the benefits that laser dentistry provides by eliminating the need for the use of surgical equipment. Dental clinics are anticipated to command the majority of the dental services market. It is projected that increasing insurance company and dental clinic mergers and collaborations will expand the market for dental care.

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Due to a sizable population and rising government initiatives, the market for dental services in emerging nations is predicted to increase favourably. The delivery model for dental services is anticipated to alter with the help of dental support associations, who are promoting the expansion of group or corporate practises.

Dental services are one of the healthcare sector’s fastest-growing markets. Dental care encompasses all aspects of the diagnosis, avoidance, and treatment of oral disease. Dentures, laser dentistry, cosmetic dentistry, oral surgery, dental implants, root canals, and endodontics are just a few of the dental procedures available. Dental caries, also referred to as tooth decay, and pyorrhea are two frequent conditions of the oral cavity that are expected to raise demand for dental services. Scaling and root planning, endodontic root canal therapy, tooth restoration, and tooth extraction or surgical removal of teeth are all examples of dental procedures.

In the U.S. around 90% of young population have dental caries, while out of all dentate adults almost 94% have evidence of coronal caries. According to Centers for Disease Control and Prevention (CDC) report 47.2% of the total population in the U.S. who are above 30 years suffers from periodontal disease.

Dental Services Market: Drivers and Restraints:

Rising number of people suffering from periodontal disease, growing private health insurance coverageis and escalating demand for cosmetic and elective dentistry are factors driving the growth of dental services market. Factors contributing in the growth of dental services market are increased proportion of sugar based medication and existing life style factors. Additionally, the increasing population in the Asia Pacific region is also the major factor to drive the growth of global dental services market. However, according to WHO, it was observed that the cases with dental caries are declining due to the number of public health measures and improved self-care practices in the developed countries. These are the major restraints for the dental services market.

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Dental Services Market: Overview

Increasing healthcare awareness among mass population along with rise in prevalence rate of oral cavity diseases expected to propel the overall demand for dental services worldwide. Increased focus on personal appearance and improvements in technology, materials, and methods are spurring demand for cosmetic and elective dental services. The market is expected to witness a healthy growth over the forecast period (2016-2026)

Dental Services Market: Region- wise Outlook

Depending on geographic regions, the global Dental services Market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America dominates the global market for dental services market due to high prevalence rate of dental caries, followed by Europe. According to WHO, 90% people are diagnosed with dental caries in North America. Asia & pacific regions is expected to record a healthy growth rate in a CAGR due to people adopting to smile makeover treatment.

Dental Services Market: Key Players

Apollo White Dental
Dental Services Group
Pacific Dental Services
Great Expressions Dental Centers
Gentle Dentistry, LLC
Coast Dental Services, LLC

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Dental Services Market: Segmentation:

Dental services market is segmented into following types

By Service:

Dental Implants
Orthodontics
Periodontics
Root Canal – Endodontics
Cosmetic Dentistry
Laser Dentistry
Dentures
Oral and Maxillofacial Surgery
Smile Makeover

End User:

Hospitals
Dental Clinics

Dental Services Market by Region:

North America Dental Services Market
Latin America Dental Services Market
Europe Dental Services Market
Asia Pacific Dental Services Market
Middle East and Africa Dental Services Market

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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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Screw Capping Machine Demands: Industry Projected US$ 3.0 Billion by 2033

A screw capping machine is a type of packaging equipment used to securely seal containers with screw caps or lids. It is commonly used in industries such as food and beverage, pharmaceuticals, cosmetics, chemicals, and household products, where products are packaged in bottles, jars, or other containers with screw-top closures.

In 2023, it is anticipated that the Screw Capping Machine Market will be worth US$ 2.1 billion. By 2033, the screw capping machines market is estimated to exceed US$ 3.0 billion. During the predicted period, a CAGR of 3.7% is expected for growth.

Increasing demand for automation in the manufacturing sector has led to the development of advanced screw-capping machines. They are often equipped with technologies such as programmable logic controllers (PLCs), human-machine interfaces (HMIs), and servo motors. These technologies enable machines to operate with greater precision and control, making them more efficient and reliable.

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Benefits:

Screw capping machines offer several benefits to manufacturers, including:

Improved Efficiency: Automation of the capping process reduces labor costs and increases production efficiency.
Consistent Quality: Tightening torque control ensures consistent and reliable sealing of containers, reducing the risk of leaks or product spoilage.
Versatility: Capable of handling a wide range of container shapes, sizes, and cap types, making them suitable for diverse packaging applications.
Compliance: Capable of meeting regulatory requirements for tamper-evident packaging and product safety.

Growth Factors

The increasing requirement for airtight sealing, essential for preserving product freshness and preventing leakage, is expected to drive demand in the market.

Additionally, the capability to accommodate a diverse range of bottle sizes and cap types is poised to be a significant factor propelling growth.

Moreover, the heightened emphasis on hygiene and safety standards within the food and beverage sector is anticipated to further boost demand for sealing solutions, reinforcing the positive trajectory of market expansion.

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Key Players:

Busch Machinery
Accutek Packaging Equipment Companies Inc.
Karmelle Liquid Filling & Capping Solutions Limited
Closure Systems International, Inc.
E-PAK Machinery, Inc.
Tecnocap S.p.A
APACKS
Seiko Corporation
New England Machinery Inc.
Jintan Sunshine Packing Machinery Co. Ltd.

Segmentation

By Automation:

Automatic
Semi-automatic

By Machine Type:

Inline
Benchtop
Rotary
Chunk Cappers
Spindle Cappers

By End Use:

Food & Beverages
Pharmaceuticals
Cosmetics & Personal Care
Chemicals
Automotive
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

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About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Global Dialysis Devices and Concentrates Market to achieve a valuation of US$ 34,824.85 Million by 2033

According to forecasts, the global dialysis device and concentrates market demand is expected to be US$ 21,663.5 million in 2023 and US$ 34,824.85 million by 2033, forecast a CAGR of 4.9%.

Key Players increasingly focus on strategic agreements/partnerships with regional/domestic players to increase their presence in these markets and tap many customers.

Market participants focus on technological developments to take advantage of the significant growth opportunities in emerging countries. The development of the rise of dialysis clinics, home/nocturnal dialysis, and government support for ESRD contribute to the expansion of dialysis treatments in developing nations.

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The rise of hemodialysis is also supported by research development projects and the creation of high-tech devices, driving up demand for dialysis concentrate in the area. Increased cases of renal failure caused by hypertension and diabetes and an increase in patients with kidney disease drive up the demand. The lack of organs available for donation is the main driver propelling the expansion of the market.

Key Takeaways:

By 2033, the dialysis device and concentrate market in the United Kingdom is likely to expand, with a CAGR of 4.3%.
In 2022, the United States developed the dialysis device and focused business with a share of 33.8%.
The dialysis device and concentrates market grew considerably to US$ 20,858 million in 2022.
The dialysis device and concentrates market expanded with a CAGR of 3.1% between 2018 to 2022.
By 2033, China’s dialysis device and concentrate market are projected to develop with a CAGR of 6.5%.
By 2033, India’s dialysis device and concentrates industry is projected to expand with a CAGR of 3.1%.
Japan’s dialysis device and concentrates industry grew significantly, with a 1.6% share in 2022.
Australia’s dialysis device and concentrate market is likely to expand with a CAGR of 1.0% by 2033.
Germany’s dialysis device and concentrates business grew, with a share of 7.5% in 2022
In 2022, based on product, hemodialysis machines dominated the market, with a share of 34.2%.
In 2022, the hospitals’ segment led the market, with a share of 37.6%, based on end users.

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Key Players’ Strategies and Recent Developments:

Medtronic introduced a dialysis device for newborn and pediatric care in the United States in December 2020. Additionally, in January 2021, the United States Food and Drug Administration granted 510(k) clearance to Quanta Dialysis Technologies Ltd, a British medical technology leader developing cutting-edge dialysis products and services, allowing it to market its compact, easy-to-use SC+ hemodialysis system.
Rockwell Medical, Inc. stated in April 2022 that it had expanded its cooperation with DaVita Inc. and is revising some aspects of its supply contracts with clients to stabilize its concentrated business.
The SURDIAL DX Hemodialysis System was introduced in the US in March 2022 by Nipro Medical Company, a producer and seller of renal, vascular, and medical-surgical devices.

Baxter International Inc.
B. Braun Melsungen AG
Fresenius SE & Co. KGaA
DaVita Healthcare Partners, Inc.
Nipro Corporation
Asahi Kasei Medical Co. Ltd.
Mar Cor Purification, Inc.
Nikkiso Co Ltd.
NxStage Medical, Inc.
Rockwell Medical
Farmasol
Browndove Healthcare

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Key segments:

By Product Type:

Hemodialysis Machine
A.V. Fistula Needle
A.V. Access Graft
Dialysis Catheter
Dialysis Concentrates
Dialyzer
Dialyzer Reprocessing Machine
Hemodialysis Bloodline and Tubing Set
Declotting Device
Water Treatment System
introducer Sheath and Guidewire

By End-User:

In-center Dialysis
Hospitals
Independent Dialysis Centres
Home Dialysis

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Global Retinoids Market is poised to reach US$ 2.5 billion by 2032, with a projected CAGR of 5.4%

The global retinoids market is poised for substantial growth, with a current valuation of US$ 1.5 Billion in 2022 and a projected surge to US$ 2.5 Billion by 2032. This growth is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 5.4% between 2022 and 2032.

Dermatologists are increasingly favoring less invasive procedures and topical treatments over traditional surgical interventions. As a result, the demand for retinoids, known for their effectiveness in addressing various skin issues, is on the rise. Post-surgery, retinoids play a pivotal role, aligning with the growing preference for natural and organic skincare solutions.

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One driving factor behind the escalating demand for retinoids is the surge in cases of acne globally. The market has witnessed a paradigm shift, with manufacturers now incorporating retinoids into a diverse range of products, including moisturizers, wrinkle reducers, sunscreens, nail care products, acne reducers, and nail care creams.

“We are excited to witness the remarkable growth of the global retinoids industry, and Future Market Insights is well-positioned to capitalize on this trend,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “Our commitment to providing cutting-edge dermatological solutions aligns perfectly with the industry’s shift towards less invasive treatments and the growing demand for natural skincare products.”

As a leading player in the retinoids market, Future Market Insights continues to invest in research and development to innovate and expand its product portfolio. The company remains dedicated to offering advanced skincare solutions that cater to the evolving preferences of dermatologists and consumers alike.

Key Takeaways from Retinoids Market:

North America, led by the US, holds more than 30% of the market share. This could be credited to rising incidences of skin disorders and facial acne over here.
Europe stands second with Germany leading from the front. It holds more than 10% of the market share. This could be reasoned with enhancements in healthcare infrastructure with growing awareness about appropriate skincare regimen and utilization of retinol and various other ingredients in the cosmetic medications and products.
Coming to the Asia-Pacific, Japan holds more than 9% of the market share; due to an ever-increasing utilization of retinoids in skin care medication and dermatology. Research states that Japan was home to nearly 3,050 general hospitals as of October 2020. Call to look better irrespective of age is driving adoption of the cosmetic products containing good quantity of retinoids for improving level of collagen in the body.
Synthetic retinoids overpower conventional ones in terms of pharmacological qualities as they pass through specific RAR (retinoic acid receptors), which are capable of reducing side-effects.

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Competitive Arena:

Bausch Health Companies Inc., through its dermatology division “Ortho Dermatologics”, delivered 4 presentations at the Florida Society of Dermatology Physician Assistants (FSDPA). They covered novel clinical data related to SILIQ, DUOBRIL, and JUBLIA injection, along with several encore presentations.
Differin, the very first consumer acne medication approved by the US FDA and doled out by Galderma Laboratories, L.P., has started getting subjected to an audio and a digital advertising campaign that would translate into strategic partnership with Acast Creative.
The US FDA, in August 2018, approved once-daily retinoid product termed as “Altreno” floored by Ortho Dermatologics to treat patients aged 9 and above.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the retinoids market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on type (natural retinoids and synthetic retinoids), by application (acne, psoriasis, anti-aging, and likewise), and by distribution channel (hospitals pharmacies, online pharmacies, retail pharmacies, and hypermarkets/supermarkets).

Key Companies Profiled:

GlaxoSmithKline Inc.
Mylan Pharmaceuticals Inc.
Sun Pharmaceutical Industries Ltd.
Janssen Pharmaceuticals Inc.
Bausch Health Companies Inc.
Ortho Dermatologics

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Key Market Segments Covered in Retinoids Industry Research:

By Type:

Natural Retinoids
Synthetic Retinoids

By Application:

Acne
Psoriasis
Anti-aging
Others

By Distribution Channel:

Hospitals Pharmacies
Online Pharmacies
Retail Pharmacies
Supermarkets / Hypermarkets

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Beyond Plastics: Mycelium Packaging as a Sustainable Alternative

The Mycelium Packaging sector is expected to grow significantly over the next decade. By 2023, it is projected to reach a value of US$74 million, rising to US$187 million by 2033, with a CAGR of 9.7%.

Mycelium packaging, also known as mycelium foam or mushroom packaging, is an innovative and sustainable alternative to traditional packaging materials such as plastic, foam, or styrofoam. It is made from the root structure of fungi, called mycelium, which acts as a natural adhesive to bind agricultural waste materials together. This results in a lightweight, durable, and biodegradable packaging material that can be molded into various shapes and sizes to accommodate different products.

Consumer goods companies have embraced mycelium packaging formats, contributing a significant market share of 45.3% in 2022. These companies are recognizing the environmental impact of their packaging choices and turning to mycelium as a viable alternative to conventional materials. The visually appealing, natural, and organic appearance of mycelium packaging helps products stand out on store shelves, aligning with consumer preferences for eco-friendly and visually appealing packaging solutions.

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Applications: Mycelium packaging has a wide range of applications across various industries, including:
- Food and beverage: Packaging for fresh produce, meats, and beverages.
- Electronics: Protective packaging for electronic devices and components.
- Medical and pharmaceutical: Packaging for medical devices, drugs, and sensitive equipment.
- Consumer goods: Packaging for cosmetics, personal care products, and household items.
Environmental Benefits: Mycelium packaging offers significant environmental benefits compared to traditional packaging materials:
- Reduced carbon footprint: Mycelium packaging requires less energy and resources to produce compared to plastic or foam packaging.
- Waste reduction: Mycelium packaging is fully biodegradable and compostable, reducing the amount of non-biodegradable waste entering landfills.
- Sustainable sourcing: Mycelium can be cultivated using agricultural waste materials, providing an eco-friendly solution for repurposing organic waste and reducing reliance on virgin materials.

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The following are some recent noteworthy advancements by the key players:

Magical Mushroom Company use mycelium to replace plastic trash in June 2022. They discovered a direct alternative to plant-based packaging materials like polystyrene and cardboard. Their actions may aid in the reduction of plastic pollution.
Ecovative Company converted mushroom mycelium into a sustainable resource for modern items in May 2022. Providing soil nutrition rather than more pollution.

Key Companies Profiled

Seamore
Evoware
Bloom
CuanTec
Mycelium Energy Solutions
AlgaePac
Algopack
Sea6 Energy
Oceanium
Cascadia Mycelium

Key Segments

Product Type:

Pure Mycelium Packaging
Mycelium Composite Packaging
Mycelium Foam Packaging
Others

Function Type:

Cushioning
Bracing
Void Fill

Packaging Formats:

Blocks
Sheets
Others

End Use:

Food and Beverage
Consumer Goods
Healthcare
Construction
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

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Global Arteriovenous Fistula Treatment Market is anticipated to grow steadily at a 5.9% CAGR, potentially hitting US$ 1,356.5 Million by 2033

The global arteriovenous fistula treatment market demand value is anticipated to increase significantly from the current value of US$ 765.8 million in 2023. Arteriovenous fistula therapy is becoming more widely used, which is expected to propel market expansion at a consistent CAGR of 5.9% throughout the forecast period. The demand for treating arteriovenous fistulas is expected to grow promisingly, with sales forecasted to reach around US$ 1,356.5 million by the end of 2033. The increased prevalence of arteriovenous fistula diseases and the growing acceptance of the effectiveness of this therapy might be ascribed to this increase in demand.

In patients with end-stage renal disease (ESRD), arteriovenous fistulas are frequently employed as the preferred vascular route for hemodialysis. The necessity for dependable and effective vascular access for hemodialysis has grown as the prevalence of ESRD increases internationally.

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Arteriovenous fistula’s benefits over other vascular access techniques, such as fewer complications, longer patency, and a lower risk of infections, have raised its popularity. This has also helped to fuel its rising popularity among medical professionals and patients in the last few years. Healthcare institutions are progressively investing in developing and using arteriovenous fistula treatment procedures to assure better patient outcomes.

Arteriovenous fistula usage in emerging nations is growing because of improvements in the healthcare infrastructure and greater knowledge of this preferred approach for vascular access. Government attempts to improve dialysis care and the construction of specialist renal care facilities have also aided this growth.

Key Takeaways from the Global Arteriovenous fistula treatment industry Study Report by FMI:

North America held a 37.2% share of the global market in 2022 with the government’s effective efforts to develop new treatments for the arteriovenous fistula issue. The United States is the leading nation in adopting arteriovenous fistula therapy services, contributing to one-third of the global revenue that year.
Europe region, with an overall revenue share of 27.4% in the year 2022, followed North America in demand for arteriovenous fistula therapy services. Germany was figured out to be the leading market in the region, with a 6.5% global revenue share in 2022.
There is a considerable need for arteriovenous fistula therapy in nations with a greater prevalence of end-stage renal illness, particularly in Asia. So, FMI predicts that China and India could be two remarkably growing markets through 2033 with 9.4% and 7.7% CAGRs respectively.

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Competitive Landscape for the Arteriovenous fistula treatment industry Players:

Becton Dickinson, Medtronic, B. Braun Melsungen, Cook Medical, Teleflex Incorporated, Fresenius Medical Care, NxStage Medical, and Poly Medicure are some top players in this market. Leading players are adopting strategic partnerships with healthcare providers and medical institutes to enter new regions and access a larger client base. Additionally, they have been vigilant in gaining regulatory licenses and adhering to local healthcare norms, allowing them to succeed in local markets.

Arteriovenous fistula therapy is in high demand, which has given new market participants attractive chances to increase their market share locally and internationally. Meanwhile, established arteriovenous fistula treatment devices and product manufacturers and suppliers are increasing investments to enhance product quality and provide cutting-edge treatment approaches.

Key Segments Profiled in the Arteriovenous Fistula Treatment Industry Survey Report:

By Type:

Arteriovenous Fistulas
Dural
Peripheral
Pial or Cerebral
Other Fistula Types

By Treatment Type:

Drugs
Transcatheter Embolization
Ultrasound-guided Compression
Surgery

By Region:

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

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About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Global Compression Garments Market is forecasted to reach US$ 3,316.3 Million by 2033, maintaining a steady 5.2% CAGR

According to Future Market Insight, the global compression garments market outlook is likely to reach US$ 3,316.3 million by 2033, registering a CAGR of 5.2%. This is a substantial upsurge from its projected value of US$ 1,991.7 million in 2023.

The rising awareness of health and fitness has led to a surge in demand for compression garments. Consumers are now more conscious of the benefits of these garments in enhancing athletic performance, reducing muscle fatigue, and supporting their overall well-being.

The aging population has significantly impacted the compression garments market. Older adults often face circulation-related issues like varicose veins and edema. This makes compression garments a popular choice for managing these conditions and improving blood flow.

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Compression garments are extensively used in medical settings to treat conditions such as lymphedema and chronic venous insufficiency. The medical sector’s demand for these garments has contributed significantly to the market’s growth.

Compression garments play a crucial role in post-surgery recovery, aiding in reducing swelling and supporting healing. As surgical procedures continue to increase, the demand for post-surgery compression garments has also risen.

Athletes and fitness enthusiasts widely adopt compression garments due to their potential to improve athletic performance. The garments’ ability to reduce muscle soreness and increase oxygenation during physical activities has made them popular in the sports industry.

Advancements in fabric technology have made compression garments more comfortable and breathable. This has expanded their appeal to a broader range of consumers, including those who might have been deterred by discomfort in the past.

The growth of e-commerce has positively impacted the compression garments market. Online platforms have made it easier for manufacturers to reach a global audience and for consumers to purchase compression garments conveniently.

The expansion of the sports industry has driven the demand for compression garments among athletes and fitness enthusiasts. As sports continue to gain popularity, the market for specialized sports compression wear has also grown. Athletes use compression garments to prevent injuries and promote faster recovery after intense physical activities. This aspect has contributed to the market’s growth, particularly in sports-specific compression wear.

The popularity of compression garments for maternity wear has provided a new avenue for market growth. These garments offer support and comfort to pregnant women. This factor makes them a favorable choice for expectant mothers.

Key Takeaways from the Compression Garments Market:

The compression garments industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 5.1% through 2033, driven by increased awareness and adoption among athletes and fitness enthusiasts.
The United States held a 39% share of the global compression garments industry in 2022, driven by the rising prevalence of sports-related injuries and the growing emphasis on physical fitness and wellness among the population.
With a CAGR of 6.8% over the forecast period, India is predicted to develop rapidly in the compression garments industry, propelled by the country’s growing health consciousness and rising number of sports and fitness aficionados.
In 2022, Japan had a 2.7% share of the compression garments industry globally, driven by the growing aging population and the rising demand for compression wear to support active lifestyles among senior citizens in the country.
The compression garments industry in China is expected to flourish promptly, registering a CAGR of 6.3% over the forecast period, fueled by the increasing adoption of compression wear in sports and fitness activities among the health-conscious population.
Germany accounted for 6.8% of the global compression garments industry in 2022, driven by the country’s robust healthcare infrastructure and the growing trend of using compression garments for post-operative care and injury rehabilitation.

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Competitive Landscape in the Compression Garments Market:

Leading market players are continually innovating and expanding their product lines to cater to various consumer needs. They invest in research and development to improve garment materials, design, and functionality. These players also focus on strategic partnerships and collaborations to enhance distribution networks and enter new markets. Additionally, leading market players engage in marketing campaigns to raise awareness about the benefits of compression garments, driving demand. This helps them maintain their competitive edge in the industry.

Recent Developments by Key Players:

In January 2023, The Marena Group, a renowned global player in post-surgical compression garments and shapewear, introduced the Female Curves Bodysuit tailored for women with naturally curvy body types. It aims to complement body sculpting procedures like liposuction and provide additional enhancement to their curves.
Therabody, Inc. made its foray into the garment market in February 2023 with the introduction of the world’s first compression wearable integrated with vibration technology. The brand is now advancing compression technology to benefit a diverse range of individuals, from professional athletes to those dealing with circulatory issues, edema, and pain. Incorporating a germanium-infused wearable sleeve, their RecoveryPulse seamlessly merges graduated compression and vibration therapy.

Key Companies Profiled:

Proxima Healthcare
3M
Bauerfeind
Macom Enterprises
Leonisa
LIPOELASTIC
Cosmac Healthcare
Lohmann and Rauscher
Wear Ease
Peninsula BioMedical
LympheDIVAs
Juzo
Medico International
The Marena Group
Essity

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Key Segments Covered In The Compression Garments Industry Analysis:

By Gender:

Males
Females

By Product Type:

Abdomen & Torso
Legs
Joint Support
Underwear
Face, Arms & Shoulder

By Distribution Channel:

Sales through Pharmacy & Offline Retail
Sales through Healthcare Centers
Sales through Online Retailers

By Compression Delivery:

Elastic
Pneumatic

By Application:

Healthcare
Sports
Swimwear

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Global Intelligent Prosthetics Market is expected to hit US$ 1,437.6 Million by 2033

The global intelligent prosthetics market demand is poised for unparalleled growth, projected to reach a staggering estimated value of US$ 1,437.6 million by 2033, marking a notable compound annual growth rate (CAGR) of 6.1%. This projection comes as a result of a comprehensive study anticipating the industry’s worth to hit US$ 791.5 million by the end of 2023.

In a recent analysis, it was revealed that lower extremity prosthetics are expected to dominate the market landscape in 2022, capturing a commanding share of approximately 64.4%. This segment’s prevalence underscores the industry’s focus on enhancing mobility and quality of life for individuals through groundbreaking advancements in intelligent prosthetic solutions.

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The projected growth trajectory of the intelligent prosthetics industry signifies a monumental leap forward in innovation, driven by cutting-edge technologies and a commitment to improving the lives of those in need. The steady evolution of this industry promises a future where individuals with limb loss or impairment will have access to increasingly sophisticated and tailored prosthetic solutions.

India, for instance, is one of the world’s most highly populated countries. Merely 3% of its buildings have been equipped with accessibility, whereas the country has a total of +50,000 amputees. Due to the new adaptation process, amputees also fall victim to many injuries.

An increasing number of amputees and their susceptibility to injuries have been surging the demand for intelligent prosthetics in emerging countries like India. Amputations are also caused by surging cases of vascular diseases and trauma and aging populations. These statistics are expected to increase across the world.

Countries like the United States are expected to observe nearly double the cases of amputees by 2050. Consequently, pushing the demand for intelligent prosthetics. High-income levels of American residents and the well-established medical sector are also expected to have a positive influence on the region.

In March 2020, the University of Michigan, in its publication of Science Translational Medicine, documented a new way of incorporating this technology with several varieties of prostheses. Thus, helping the market advance over the forecast period.

Top Highlights from the FMI’s Analysis of the Intelligent prosthetics industry:

Due to intelligent prosthetics’ well-established market in North America, the region’s stake ranks at the top. FMI has estimated that the regional market is expected to acquire 40.6% in 2022.
In North America, the United States is projected to gain a terrific share over the forecast period. The country’s share on the global scale has been assessed to be 34.7% in 2022.
The Europe region is another dominant region with a share of more than 30% over the forecast period. Also, manufacturers have already pounded on the business opportunities present in the region. The estimated trend is expected to witness the same ongoing trend.
Germany’s sizeable share in the region is heavily influencing the region’s value share. In 2022, Germany’s market occupied a 6.9% value share.
Japan’s market is expected to accrue a market share of above 4% in 2023.
China is expected to gain a notable CAGR of 8.1% over the forecast period.
From 2023 to 2033, India’s market is projected to register a CAGR of 6.5%.
Australia’s CAGR is estimated to be 5.4%; meanwhile, the United Kingdom’s CAGR is projected to be 4.8%.
Based on product, the lower extremity prosthetics segment accounted for 64.4% in 2022.
Under the distribution channel category, the prosthetic clinics segment gained a market share of 43.1% in 2022.

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Leading Companies in the News:

ISRO made a smart artificial limb in September 2023 that enables above-knee amputees to move about in a comfortable gait. The artificial limb is equipped with 1.6 kg MPK that supports an amputee to walk 100 meters in the corridor with the least amount of support. The “microprocessor-managed knees” (MPKs) provide the amputee capacity in comparison to passive limbs that don’t deploy microprocessors.
Ecole Polytechnique Federale De Lausanne research institute in Switzerland made a prosthetic hand that employs artificial intelligence to get used to the user’s finger movement and improves amputee comfort.
The Massachusetts Institute of Technology created an intelligent prosthetic in 2018. The product was made with the user-body weight and at a cost-friendly price for amputees within the United States.

Key Companies Profiled:

Sarcos Technology and Robotics Corporation
Ktwo Healthcare Pvt. Ltd.
Touch Bionics Inc.
HDT Global
SynTouch, Inc.
Artificial Limbs & Appliances
Ottobock
Ossur Americas
Blatchford Group
Manta Product Development

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Key Market Segments Covered in Intelligent Prosthetics Industry Research:

By Product:

Upper Extremity
Lower Extremity

By Distribution Channel:

Hospitals
Prosthetic Clinics
Rehabilitation Centre
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani