Global Linear Slide Units Market Primed to Achieve a Valuation of US$ 3.6 Billion by 2028

The Linear Slide Units Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Linear Slide Units market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Linear Slide Units. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Linear Slide Units Market represents a significant advancement in the field of factory automation, particularly within linear motion technology. These versatile units have become essential components across various industries, including but not limited to food and beverage, retail, e-commerce, machine building, special purpose machines (SPMs), and the automotive sector. Their widespread adoption has led to a transformative shift in industrial automation strategies, providing crucial support for applications requiring moderate to light payloads, impressive velocities, and high acceleration rates.

By the end of 2022, the global valuation of the linear slide units market stood at approximately US$ 2.4 billion. Forecasts for the market’s trajectory indicate a robust growth trend in the coming years, with an expected Compound Annual Growth Rate (CAGR) of 7.2%.

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Linear slide units represent a groundbreaking advancement in factory automation, particularly within the realm of linear motion technology. These units play a pivotal role in applications necessitating moderate to low payloads at high speeds and acceleration rates. Their adaptability spans across various industries such as food and beverage, retail and e-commerce, machine building, special purpose machines (SPMs), and the automotive sector, showcasing exceptional robustness even in demanding operational environments.

In this analysis, the classification of linear slide units is predicated on several critical criteria, including pricing, drive mechanism, guiding system, load-bearing capacity, applicability across diverse industries, target end-use sectors, and specific geographical regions or countries.

Highlights – Linear Slide Units Market Segmental Analysis

Based on market analysis, the medium range segment is projected to command a significant share in the global linear slide units market, driven by consumer preference for cost-effective yet efficient solutions in industrial operations. Conversely, premium linear slide units cater to consumers with specific high capital and customization needs.

The market segmentation based on drive type distinguishes between ball screw and belt drive segments. The ball screw segment is anticipated to witness substantial growth due to its critical application in conjunction with linear slide units. However, in scenarios prioritizing speed and repetitive operation over precision, belt drives emerge as the preferred option.

Capacity-wise segmentation categorizes the market by weight, ranging from less than 50 kg to above 150 kg. The segment covering capacities below 50 kg is poised to dominate the global market, with a projected Compound Annual Growth Rate (CAGR) of 7.5% between 2018 and 2028, closely followed by the 50-100 kg segment.

Regarding application, the linear slide unit market is segmented into pick & place, packaging, and inline production. The pick & place segment is expected to capture approximately 40% of the global market’s value share by 2018 and is projected to grow at a CAGR of 6.8% over the forecast period.

Moreover, the collective market share of the food & beverage, packaging, and machine building & SPM segments is anticipated to exceed 60% in the global market. Geographically, significant growth is expected in India and East Asia due to rapid industrialization and substantial advancements within the automotive component and metal fabrication industries.

The competitive landscape of the linear slide unit market is characterized as medium to high in intensity. Notably, the market is fairly consolidated, with a considerable presence of both major and mid-sized players. Organized players account for more than 50% of the linear slide unit market. Key industry players are actively involved in launching new products and establishing expansion agreements, demonstrating their commitment to meeting the evolving preferences and demands of consumers.

Some of the key players active in the global Linear Slide Units market include Bosch Rexroth, Festo Group, SMC Corporation, Parker Hannifin, Igus, Phoenix Mecano AG, HIWIN Corporation, THK CO., LTD., and Thomson Industries Inc., among others.

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Key Segments of Linear Slide Units Industry Survey

Linear Slide Units Market by Pricing:

  • Premium Linear Slide Units
  • Medium Range Linear Slide Units
  • Low Range Linear Slide Units

Linear Slide Units Market by Guide:

  • Ball Guide
  • Slide Guide
  • Wheel Guide

Linear Slide Units Market by Capacity:

  • Linear Slide Units Less than 50 Kg
  • Linear Slide Units Between 50-100 Kg
  • Linear Slide Units Between 100-150 Kg
  • Linear Slide Units Above 150 Kg

Linear Slide Units Market by Drive:

  • Ball Screw
  • Belt Drive

Linear Slide Units Market by Application:

  • Pick & Place
  • Packaging
  • Inline Production

Linear Slide Units Market by End Use:

  • Linear Slide Units for Food & Beverages
  • Linear Slide Units for Packaging
  • Linear Slide Units for Retail & E-commerce
  • Linear Slide Units for Machine Building & SPM
  • Linear Slide Units for Automotive
  • Linear Slide Units for Pharmaceuticals

Linear Slide Units Market by Region:

  • North America Linear Slide Units Market
  • Latin America Linear Slide Units Market
  • Europe Linear Slide Units Market
  • East Asia Linear Slide Units Market
  • South Asia & Pacific Linear Slide Units Market
  • Middle East & Africa (MEA) Linear Slide Units Market

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Future Market Insights (ESOMAR certified 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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Mud Pumps Market Poised for Remarkable Growth, Anticipated to Reach US$ 1.32 Billion by 2033

The Mud Pumps Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Mud Pumps market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Mud Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Mud Pumps Market is closely linked with the expanding exploration and production endeavors within the oil and gas sector. As drilling operations increase, there is a corresponding surge in the demand for mud pumps. These pumps are essential for facilitating the circulation of vital drilling fluids, thereby ensuring the stability of wellbores. The escalating demands of modern drilling activities emphasize the critical role of mud pumps in maintaining operational efficiency and achieving success.

By the year 2023, the global mud pump market is anticipated to reach a valuation of approximately US$0.93 billion. The upward trend in drilling activities within the oil and gas industry is expected to be the primary driver of market growth. Projections indicate that by 2033, the market’s value could ascend to US$1.32 billion, reflecting a Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2033.

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The increasing activity in exploration and production initiatives within the oil and gas sector has led to a significant rise in demand for mud pumps. These essential components play a crucial role in maintaining drilling fluid circulation and ensuring wellbore stability, particularly as drilling operations become more intensive.

The evolution of mud pump technologies, characterized by efficiency improvements, higher pressure capabilities, integration with automation, and enhanced reliability, has been a key driver behind the industry’s growth. These technological advancements have stimulated market expansion, highlighting the importance of gaining insights from seasoned industry experts for a comprehensive understanding of the sector.

Furthermore, the substantial increase in infrastructure development projects, including pipeline construction, geothermal drilling, and water well excavation, has resulted in a notable surge in the demand for mud pumps. This heightened requirement is particularly driven by the active landscape of shale gas exploration and production, especially notable in regions like the United States. Given the complex drilling and hydraulic fracturing processes involved in shale gas extraction, specialized mud pumps have become indispensable.

The current dynamics within the mud pump market are significantly influenced by the increased emphasis on safety and environmental compliance in the oil and gas industry. This regulatory scrutiny is expected to sustainably drive demand for mud pumps in the foreseeable future. It is crucial to underscore the industry’s dedication to upholding stringent safety and environmental standards, highlighting the pivotal role of mud pumps in promoting responsible drilling practices.

One of the primary drivers of the robust growth in the mud pump market is the surge in investments in offshore exploration and the expansion of infrastructure projects. Notably, the Asia Pacific region has emerged as a vibrant hub for this market, experiencing significant growth due to escalating exploration and production activities in key countries such as China, India, Indonesia, and Australia.

Top of Form

Key Takeaways:

  • The triples segment demonstrates a Compound Annual Growth Rate (CAGR) of 3.5%, based on product type.
  • In terms of the driven system, the electric segment is poised to exhibit a CAGR of 3.4% throughout the projected period.
  • The North American region is anticipated to establish itself as a robust mud pump market, with a projected CAGR of 3.5%.
  • Projections indicate that the mud pumps industry in the United Kingdom is set to achieve a valuation of US$ 0.85 billion by 2033.
  • The Asia Pacific region presents an auspicious opportunity within the mud pump market, with an expected CAGR of 3.5% during the forecast timeframe.

Competitive Landscape:

The global mud pumps market is characterized by a degree of fragmentation, owing to the presence of a multitude of both large and medium-sized players. Key players in this industry are strategically directing their investments towards collaborative agreements with the goal of bolstering their market presence and capturing a more significant market share.

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Prominent players in the mud pumps market are:

  • National Oilwell Varco, Inc.
  • Gardner Denver Holdings Inc.
  • Schlumberger Limited
  • Weatherford International plc
  • The Weir Group plc
  • Honghua Group Limited
  • TSC Group Holdings Limited
  • Sulzer Ltd.
  • Forum Energy Technologies Inc.
  • DRILLMEC S.p.A.

Some of the development are listed below:

  • National Oilwell Varco unveiled the QEM 3000 Quintuplex pump, a cutting-edge solution engineered to enhance power and efficiency in demanding drilling undertakings. The pump incorporates sophisticated attributes, including minimized pulsations, prolonged valve longevity, and heightened serviceability. These advancements collectively contribute to an elevated standard of pump performance and dependability.
  • Weatherford introduced the W-Alpha line of mud pumps, meticulously crafted to offer a superior blend of performance, resilience, and efficiency. Distinguished by an optimized fluid end configuration, enhanced valve technology, and elevated power end efficacy, the W-Alpha pumps are tailored to withstand arduous drilling conditions while upholding unwavering dependability.
  • Halliburton launched the HPS (Halliburton PowRSeal) Series of mud pumps, meticulously designed to cater to high-pressure applications. Bolstered by cutting-edge sealing technology, refined fluid end design, and augmented power end performance, the HPS pumps epitomize steadfast operation, diminished maintenance requirements, and amplified drilling efficiency.

More Valuable Insights Available:

Future Market Insights provides an objective and comprehensive analysis of the global mud pumps market. The analysis encompasses historical data spanning from 2018 to 2022, along with insightful forecasts spanning from 2023 to 2033.

In order to gain insights into the various opportunities within the mud pumps market, a meticulous segmentation has been employed. This segmentation is based on product type, driven system, and application, all of which are assessed across five key regions.

With its headquarters situated in Dubai, Future Market Insights operates delivery centers in strategic locations such as the UK, U.S., and India. Our cutting-edge market research reports and industry analyses serve as valuable tools for businesses seeking to navigate challenges and make well-informed decisions amidst a dynamic and competitive landscape. These reports are available in both customized and syndicated formats, presenting actionable insights that foster sustainable growth.

Key Segments Profiled:

By Product Type:

  • Duplex
  • Triplex
  • Quintuplex

By Driven System:

  • Electric
  • Fuel Engine

By Application:

  • Onshore
  • Offshore

By Region:

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

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Future Market Insights (ESOMAR certified 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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T: +1-845-579-5705
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Industrial Noise Control Market to Reach US$ 7,550.0 Million by 2028 with a CAGR of 4.6%

The Industrial Noise Control Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Industrial Noise Control market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Industrial Noise Control. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Industrial Noise Control Market is currently undergoing a significant transformation, marked by a notable shift towards integrating eco-friendly practices. This transition involves a distinct preference for biodegradable materials over conventional options, as manufacturers diligently incorporate sustainable materials into the design and production of noise control units. This strategic evolution aligns seamlessly with the prevailing sustainability trend, as businesses increasingly acknowledge the importance of mitigating their environmental footprint.

At the close of 2021, the industrial noise control market was valued significantly at U$5,529.1 million. Projections indicate that the market is poised for substantial growth by 2028, with an expected Compound Annual Growth Rate (CAGR) of 4.6%, culminating in a peak valuation of US$7,550.0 million.

Of notable importance, the sales volume of industrial noise control systems exceeded 152 million units in 2021, resulting in a market worth of US$5,529.1 million. Recent research conducted by Future Market Insights (FMI) suggests that the industrial noise control market is poised to witness a year-over-year growth rate of 3.7% in 2022. Several pivotal factors contribute significantly to shaping the expansion of the industrial noise control market.

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  • Growing awareness of harmful levels of industrial noise
  • Increasing emphasis on the protection of workers and employees from noise pollution
  • Stringent environment regulation related to industrial noise control
  • Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2021

According to a recent study by FMI, polymer and composite materials emerge as the favored choices for the production of industrial noise control units. In 2018, these materials constituted over 40% of the total industrial noise control units sold. This preference is attributed to their superior soundproofing capabilities compared to alternatives such as glass, metal, and fabric.

Furthermore, advancements in composite materials have led to the incorporation of desirable features like biodegradability and recyclability. These eco-friendly characteristics contribute to increased sales and market adoption of polymer and composite-based noise control solutions.Top of Form

Vibration Isolation Units Highly Sought-After

According to a recent study by FMI, it was found that over 80% of industrial noise control units sold in 2021 were equipped with vibration isolation units. This highlights the importance of addressing vibrations, which can have a significant impact on the productivity and longevity of various industrial machines. Consequently, industrial noise control solutions incorporating vibration isolation units are highly sought after.

FMI conducted a thorough analysis of demand trends for various vibration isolation units, including isolation/machinery pads, isolation mounts, equipment bases, and spring isolators. Among these, sales of isolation mounts were particularly notable in 2021, and this trend is expected to continue into the future. Manufacturers are consistently introducing advanced and more efficient vibration isolation mounts to meet this demand.

Furthermore, FMI examined the market for flexible and rigid industrial noise control instruments. While both types of noise control units effectively address noise pollution issues, the study revealed that flexible noise control units accounted for the second-highest sales in 2018. Additionally, demand for rigid noise barriers is projected to grow by 4% in 2022.

Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2021

According to a recent study by FMI, the demand for industrial noise control units for internal noise control applications has consistently exceeded that for external noise control applications. In 2021, approximately 7 out of every 10 industrial noise control units sold were designated for internal use, a trend expected to persist in the foreseeable future.

Elevated sound levels within workplaces, commercial, and residential settings have been associated with various adverse health effects including hearing impairment, annoyance, sleep disturbance, hypertension, and in severe cases, ischemic heart disease. The dissemination of information regarding these detrimental effects has contributed significantly to the increasing adoption of industrial noise control units for internal noise control applications.

Furthermore, there is a growing recognition of environmental noise as a potential health hazard, prompting industrial entities to undertake measures to mitigate the impact of external noise sources. FMI’s research indicates that the adoption of industrial noise control solutions for external noise control applications is projected to experience a year-on-year growth rate of 3.9% in 2022.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

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Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2021. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2021.

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Global Industrial Noise Control Market by Category

By Material Type:

  • Polymer & Composite
  • Glass
  • Metal
  • Fabric

By Product Type:

  • Flexible
    • Sound Curtains
    • Acoustic Foam
    • Acoustic Blankets
    • Sound Absorbers
  • Rigid
    • Enclosures
    • Silencers
    • Ceiling Baffles
    • Test Chambers
    • Sound Proof Walls
    • Panels
    • Others
  • Vibration Isolation
    • Isolation Pads
    • Isolations Mounts
    • Machinery Pads
    • Equipment Bases
    • Others

By Application:

  • Internal Noise Control
  • External Noise Control

By End Use:

  • Manufacturing
    • Electrical & Electronics Equipment
    • Industrial Machinery
    • Automotive
    • Metal
    • Other Manufacturing
  • Construction & Mining
  • Healthcare

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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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Global Medical Protective Equipment Industry Gears Up for a Remarkable 9.5% CAGR, Aiming for US$ 52.8 Billion by 2033 | FMI

The Global Medical Protective Equipment Industry is poised for substantial growth, with a forecasted Compound Annual Growth Rate (CAGR) of 9.5% over the upcoming decade, according to a comprehensive analysis by Future Market Insights (FMI). The industry’s value is expected to surge from US$ 21.3 billion in 2023 to an impressive US$ 52.8 billion by the end of 2033.

The driving force behind this remarkable expansion is the escalating demand from healthcare facilities worldwide. Key industry players are strategically focusing on enhancing their product portfolios, particularly in face masks, face shields, gowns, and gloves. Simultaneously, these market leaders are investing in expanding their production capacities, contributing significantly to the overall market growth.

Stringent governmental regulations and heightened concerns regarding health and safety are pivotal factors inducing end users to invest substantially in medical protective equipment. This surge in demand is not only propelling the industry forward but also emphasizing the crucial role these protective measures play in minimizing exposure to potential hazards that can lead to severe health issues.

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Since maintenance of hand hygiene is considered important to avoid getting infected by infectious diseases, the demand for gloves is surging significantly. Also, medical gloves are used to safeguard the wearer as well as other patients from spreading the infection or illness during medical procedures or examinations. Increasing surgical procedures over the forthcoming years is projected to boost the sales of medical gloves, thus shaping the medical protective equipment industry.

Key Highlights of the Global Medical Protective Equipment Industry :       

  • The United States holds a large share of the medical protective equipment market. The same trend is projected to be followed in the forthcoming years, as the country is projected to attain US$ 13.8 billion by 2033. The estimated CAGR for the forecast period is 7%.
  • In the Asia Pacific, China is expected to secure a significant position in the forecast period. The country is anticipated to reach US$ 2.9 billion by 2033, registering a CAGR of 11% in the meantime.
  • The United Kingdom is predicted to garner market revenue of US$ 2.2 billion by 2033. The market is predicted to expand at a CAGR of 9.5% over the forthcoming years.
  • The gloves segment is expected to exhibit a CAGR of 8.9% over the forecast period. Growing demand for surgical disposable gloves approved by FDA is propelling the gloves segment forward.

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News Featuring Market Developments by Key Players of Medical Protective Equipment Solutions:

  • In March 2022, Ansell Ltd., a leading provider of personal protective equipment, joined the global players working in the rubber glove industry to establish the Responsible Glove Alliance (RGA). The role of RGA is to ensure the protection of workers susceptible to forced labor in supply chains, especially within medical supply industries. The initial focus of RGA would be the manufacturing industry of rubber glove in Malaysia. This is because Malaysia is the world’s leading producer of rubber gloves, and relies extensively on migrant labor.
  • In March 2022, Dynarex Corporation, extended its durable medical equipment (DME) portfolio to meet the surging demands from long-term care and home-care marketplaces. The offerings of DME include premium solutions for a range of requirements, such as home care beds, lifts and slings, mattresses, mobility, wheelchairs, etc., and long-term care.
  • In February 2022, Kimberly-Clark Worldwide, Inc. officially revealed its innovative ICON dispenser collection. These dispensers provide design customization, along with patented technology to supply a 99.99% jam-free, more efficient, virtually noise-free paper towel dispensing experience.

Key Companies Profiled in the Global Medical Protective Equipment Industry:        

  • 3M
  • Ansell Limited
  • Kimberly-Clark Corporation
  • Top Glove Corporation Bhd
  • Dynarex Corporation Inc
  • DuPont de Nemours, Inc
  • Honeywell International Inc
  • Hartalega Holdings Berhad
  • Cardinal Health, Inc
  • Halyard Worldwide, Inc
  • Mölnlycke Health Care
  • Crosstex International, Inc
  • Derekduck Industry Corporation
  • Medline Inc
  • International Enviroguard
  • Prestige Ameritech
  • Alpha Pro Tech
  • Dukal Corporation
  • Lakeland Industries, Inc
  • Titan Hardware Industrial Co., Ltd

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Global Medical Protective Equipment Industry by Category

By Product Type:

  • Gloves
  • Protective Clothing
  • Gowns
  • N95 Respirators
  • Surgical Masks
  • Goggles
  • Face Shields
  • Head Cover
  • Shoes Covers

By Usage:

  • Disposable
  • Non-disposable

By End User:

  • Hospitals
  • NGO’s/ Government Organizations
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic and Research Laboratories

By Region:

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

Author

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

Identifying key challenges 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 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Medical Mask Industry Expected to Reach US$ 9 Billion by 2030 with a Notable CAGR of 10% | FMI

The Global Medical Mask Industry is poised for unparalleled growth, with a projected valuation surpassing US$ 9 billion by 2030, according to a comprehensive report released today by Future Market Insights (FMI). The surge in worldwide demand for medical masks, driven by their crucial role in maintaining hygiene and infection control, presents a compelling opportunity for exponential expansion in the industry.

Medical masks have emerged as an indispensable component in healthcare settings, particularly during surgical procedures. Their essential role in maintaining hygiene and ensuring infection control has catapulted the demand for these masks across various medical facilities, including ambulatory surgical centers, hospitals, dental settings, and more. The availability of diverse mask variants tailored to specific applications and designed for various end-users has emerged as a pivotal driving factor, fostering the continuous expansion of the Global Medical Mask Industry throughout the forecast period.

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Consistent growth in the number of surgeries performed globally is boosting the demand for anesthesia mask and laryngeal masks, which is expected to contribute to the growth of the Global Medical Mask Industry during the forecast period.

Increasing number of infectious diseases and pollution as well as growth in the number of surgeries worldwide are providing further impetus to the growth of Global Medical Mask Industry.

The COVID-19 Impact on Global Medical Mask Industry Sales

The novel coronavirus (COVID-19) pandemic has put a huge strain on the Global Medical Mask Industry, with the gap between supply and demand gradually widening. COVID-19, being primarily a respiratory disease, makes it imperative to incorporate personal protective equipment (PPE) such as medical masks for both, medical professionals and general public. This is both a challenge and opportunity for market players, which are focusing on scaling up production capacities to satiate the rapidly growing demand.

Key Takeaways of Global Medical Mask Industry Study

  • In terms of product type, N95 respirators are expected to contribute over 25% of revenue in the medical mask market.
  • Owing to low product cost and demand, surgical mask is the most preferred choice among costumers.
  • Surgeries dominate the medical mask market by application, as medical professionals mostly prefer medical masks during surgeries to avoid contamination.
  • In terms of end user, hospitals are expected to capture over 50% of share in the medical mask market during the forecast period.
  • North America is the highest revenue-generating market by region due to well-established and sophisticated healthcare infrastructure. East Asia is expected to offer lucrative opportunities owing to rapid healthcare programs and flourishing medical facilities.

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Leading Manufacturers Focus on Mergers & Acquisitions

Leading manufacturers in the medical mask market are focusing on regional mergers & acquisitions to enhance their product portfolio and expand their regional presence.  For instance, in 2021, Examinetics announced its collaboration with Moldex-Metric Inc. to offer online respirator clearance evaluations. In 30 march 2022, the company moved quickly to expand its production capacity for N95 masks and start its new operation in Phoenix.

Want more insights?

Global Medical Mask Industry, a new study from future market insights, opines on the application of Medical mask from 2014 – 2021 and presents demand projections from 2022 – 2030 based on; product type (surgical mask, N95 respirators, face mask, full-face mask, laryngeal masks and anesthesia masks), application (respiratory safety, infections disease, allergies and surgeries) and end user (hospitals, academic & research institutes, diagnostic laboratories, individual) across seven prominent regions.

Key Market Segments Covered in Global Medical Mask Industry Research By Product:

  • Surgical mask
  • N95 Respirators
  • Face mask
  • Full-Face Mask
  • Laryngeal Masks
    • Disposable Laryngeal Masks
    • Reusable Laryngeal Masks
  • Anaesthesia Masks
    • Disposable Anaesthesia Masks
    • Reusable Anaesthesia Masks

By Application :

  • Infections Disease
  • Respiratory Safety
  • Surgeries
  • Allergies
  • Others

By End User :

  • Hospitals
  • Diagnostic Laboratories
  • Research and Academic Institutes
  • Others

By Region :

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

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Author

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

Identifying key challenges 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Medical Ventilators Industry Crosses US$ 4 Billion, Envisions a Strong 9.1% CAGR Journey into 2033, According to FMI Insights

Future Market Insights (FMI), a renowned market intelligence and consulting firm, has released its latest research findings, unveiling a promising future for the Global Medical Ventilators Industry. The comprehensive study predicts a substantial surge in the market, reaching a valuation of US$ 1.7 billion in 2023 and projecting an impressive annual growth rate of 9.1% between 2023 and 2033. The industry is anticipated to surpass the US$ 4 billion mark by the year 2033.

The driving force behind this remarkable growth is attributed to the escalating construction activities and industrialization globally, propelled by rapid urbanization. Unfortunately, this progress has come at a cost, with a concerning increase in carbon emissions leading to a surge in respiratory diseases, notably COPD and asthma, among the population. In response to this pressing health issue, there has been a noteworthy upswing in the demand for medical ventilators to address respiratory health challenges.

The impact of the COVID-19 pandemic has further accelerated market growth. As a result of viral infections, many patients have required ventilator support. In response, governments around the world have made significant investments in medical ventilator procurement. For instance, in April 2020, the United States government entered into a US$ 1.1 billion contract with General Health and Philips to bolster ventilator supplies. Additionally, in the same month, the United Kingdom secured 300 new ventilators from China.

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The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

The surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Global Medical Ventilators Industry Key Takeaways:

  • The market is expected to record a growth rate of 9.1%.
  • In 2023, the market valuation is expected to be at US$ 1.7 billion.
  • By 2033, the market value is expected to surpass US$ 4 billion.
  • As per the regional analysis, North America is expected to be the largest market.
  • The United States market is expected to grow at 6.8%.
  • The United Kingdom market is projected to advance at 5.8%.
  • China’s market is anticipated to surge at 14.7%.
  • Japan’s market is expected to advance at 9.1%.
  • The South Korean market is anticipated to grow at 8%.
  • Based on product type, critical care ventilators are expected to be the leading segment and may surge at 8.6%.
  • Based on application, invasive ventilators are projected to be the dominant segment and is expected to grow at 7.5%.
  • Based on the end user, the hospital segment is expected to be the leading segment.

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Global Medical Ventilators Industry Competitive Landscape

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with latest microprocessors. There are also huge investments being made on Research and Development, to create best quality ventilators. The manufacturers are also investing on tactical mergers and acquisitions, to expand their market share. To achieve sustainable goals, the manufacturers are also looking to cut down green house emissions and make use of eco-friendly facilities. To make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the Global Medical Ventilators Industry:

  • Cardinal Health
  • Becton Dickinson and Company
  • GE Healthcare

Key developments in the Global Medical Ventilators Industry:

  • In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence on biosimilars.
  • In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson and Company.

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Global Medical Ventilators Industry Segmentation

By Product:

  • Critical Care Ventilators
  • Transport Ventilators

By Application:

  • Invasive Ventilators
  • Non-invasive Ventilators

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Long-Term Care Centers
  • Home Care Settings

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Gene Synthesis Industry on Track to Exceed US$4.5 Billion, Riding the Wave of a Robust 19.2% CAGR by 2033 | According to Latest FMI Report

In a groundbreaking revelation that charts a dynamic course for the future, the latest report from Future Market Insights (FMI) unveils a remarkable trajectory for the Global Gene Synthesis Industry. According to FMI, the industry is poised to achieve an impressive valuation of US$ 779.4 million in 2023, underpinned by an extraordinary compound annual growth rate (CAGR) of 19.2% projected during the forecast period.

The crux of this growth lies in the DNA synthesis technique, a cornerstone of the current biotechnology system, which plays a pivotal role in advancing synthetic biology. FMI underscores the technique’s significance, highlighting its crucial role in aiding healthcare professionals to comprehend the intricate structures of pathogens and various microorganisms. This newfound insight is catalyzing a growing demand for gene synthesis, poised to shape the industry’s future.

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A wide variety of methods are specifically employed for DNA complexity and length. These activities are specifically aimed at understanding the DNA/RNA structure. There are a lot of scientists who are working to understand their sequencing. Such methods would assist in developing medications that ensure physical wellness, which would brighten the prospects for gene synthesis.

Governments and private bodies worldwide are making massive investments in genome sequencing. In April 2021, the United States government announced an investment of US$ 1.7 billion in genome sequencing. Likewise, the United Kingdom government announced an investment of US$ 175 million in genomics research in December 2022.

The surging geriatric population across the globe has led to an increase in the adoption of gene synthesis. These help in the diagnosis and treatment of diseases. The synthesis of genes with cloning has led to reduced cost and reduction of time as well, which becomes crucial while treating elderly patients. Gene synthesis is also used for various applications, including gene therapy, molecular engineering, etc.

As per FMI market researchers, “Increased application of DNA synthesis technology, application of a wide variety of methods which help in understanding DNA complexity and length, colossal investments from government and private bodies, and various other factors are expected to surge the Global Gene Synthesis Industry share.”

Key Takeaways from the Global Gene Synthesis Industry:

  • The market is expected to record a CAGR of 19.2% during the forecast period.
  • In 2023, the valuation is expected to be US$ 779.4 million.
  • By 2033, the estimation is anticipated to cross US$ 4.5 billion.
  • Based on the regional analysis, Asia Pacific is expected to be the leading market.
  • The United States market is expected to surge at 15.7%.
  • The United Kingdom market is projected to grow at 21.4% due to the increasing adoption of molecular engineering.
  • China’s market is anticipated to advance at 29.2% due to increasing development in Genomics.
  • Japan’s market is projected to register a CAGR of 24.1%.
  • South Korea’s gene synthesis market is expected to record a growth rate of 21.6%.
  • Based on service type, the gene synthesis service segment is expected to hold the dominant market share and might surge to 16.5%.
  • Based on application, research and development is projected to be the leading segment and is expected to grow at 18.4%.

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Competitive Landscape in the Global Gene Synthesis Industry

The manufacturers operating in the Global Gene Synthesis Industry are expected to make high investments in mergers and acquisitions. This is a key step towards expanding the market share. In addition, the key players are also forming strategic partnerships with players from other niches to access technologies that might benefit them. Furthermore, with concerns around carbon emissions, the manufacturers are also taking initiatives to cut carbon emissions.

Key developments in the Global Gene Synthesis Industry:

  • In September 2022, GenScript announced its collaboration with Gladstone-UCSF Institute of Genomic Immunology for a Groundbreaking non-viral cell therapy study.
  • In January 2023, Twist Bioscience and CENTOGENE launched three panels to advance rare disease and hereditary cancer research and support diagnostics.

Global Gene Synthesis Industry Segmentation

By Service:

  • Gene Synthesis Service (Standard Gene Service, Express Gene Service, Complex Gene Service, Custom Gene Synthesis Service)
  • Gene Fragments Service
  • GMP Gene Synthesis
  • Others

By Application:

  • Diagnostics
  • Therapeutics
  • Research and Development Activities
  • Others

By End User:

  • Academic and Research Institutes
  • Biotechnology Companies
  • Pharmaceutical Companies
  • Contract Research Organization

By Region:

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

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Author

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

Identifying key challenges 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 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Contraceptives Industry Gears Up for US$ 30.8 Billion Ascent by 2032, Fueled by 5.5% CAGR | FMI Insights

Future Market Insights (FMI), a renowned leader in market research, has unveiled a comprehensive study projecting an impressive growth trajectory for the Global Contraceptives Industry. The market is expected to soar to a remarkable value of US$ 30.8 billion by the year 2032, fueled by a robust Compound Annual Growth Rate (CAGR) of 5.5%.

The groundwork for this anticipated surge was laid in 2022 when the Global Contraceptives Industry achieved a valuation of US$ 18 billion. FMI’s in-depth analysis underscores the pivotal role of both contraceptive drugs and devices in propelling this unprecedented growth.

In a significant revelation, FMI’s research highlights the dominance of contraceptive devices, projected to contribute approximately 58.3% to the market in 2021. This emphasizes the increasing global demand for innovative contraceptive solutions.

By the conclusion of 2029, the Global Contraceptives Industry size is anticipated to reach approximately US$ 33,529 million, marking a steady ascent at a CAGR of approximately 6.2% from 2019 to 2029. FMI attributes this sustained growth to various factors, including the escalating need for population control, a rise in unwanted pregnancies, and proactive government initiatives promoting contraceptive use.

FMI’s research methodology is recognized for its uniqueness, offering the most accurate and insightful analysis of the contraceptive market. As a result, industry stakeholders and decision-makers can rely on FMI’s findings to make informed choices in this dynamic market.

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It includes in-depth insights into the Global Contraceptives Industry. Some of these are:

  • The estimated value of the contraceptives market was at ~US$ 33,529 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the contraceptives market globally.
  • East Asia emerges as one of key markets owing to large population base, growing contraceptive awareness and initiatives taken by the respective country government.
  • Female segment holds the most of the contraceptive market as compared to men.
  • Key players are likely to focus on new product development in terms of drug & device, to stay relevant in developed markets.

Contraceptive Pills – the Most Lucrative Product Type

Contraceptive market contains drugs and devices. The devices market holds most the contraceptive market however drugs are anticipated to grow at highest CAGR owing to its beneficial property and easy consuming method. With the advancement of technology, the emergence of drugs have become popular as oral contraceptive pills which has the same purpose as other contraceptive drugs or devices. The simplicity and easy consumable method are expected to make it most popular contraceptive market. The other form of drugs such as topical and injectable contraceptives also witness strong market demand. Furthermore, these contraceptive pills are highly effective and does not interrupt in sex. Even in cases, it has been proved to reduce heavy and painful periods. All these factors and benefits are expected to fuel the sales of contraceptive drugs in the global market.

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Some of the leading players operating in the Global Contraceptives Industry are Bayer AGPfizer Inc., Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Allergan Plc, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe Distribution Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Pfizer, The Female Health Company and others. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • As a part of government’s initiative, the government of India had launched a new contraceptive pill named ‘Shukhi 3rd Generation’ in Nov 2019.
  • In Spet. 2019, Exeltis USA, Inc. had announced the Launch of Slynd(drospirenone) tablets, the First and only progestin-only pill providing pregnancy prevention with a 24-hour missed pill window

Get Valuable Insights into Global Contraceptives Industry

Future Market Insights, in its new report, presents an unbiased analysis of the Global Contraceptives Industry, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the contraceptives market based on product type (contraceptive drugs – oral contraceptive pills, injectable, topical), gender (male, female), by price range (high range, low /economy), sales channel (Wholesaler/ Distributor, Hypermarket/ Supermarket, Specialty Stores, Drug & Pharma Stores, Convenience Stores, online, and others -hospitals, clinics etc.), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Global Contraceptives Industry segmentation

Product Type

  • Contraceptive Drugs
    • Oral Contraceptive Pills
    • Injectables
    • Topical
  • Contraceptive Devices
    • Diaphgrams
    • Sponges
    • Vaginal Rings
    • Subdermal Implants
    • Intrauterine Device
    • Condom

Gender

  • Male
  • Female

Price Range

  • High Range
  • Low / Economy Range

Sales Channel

  • Wholesaler/ Distributor
  • Hypermarket/ Supermarket
  • Specialty Stores
  • Drug & Pharma Stores
  • Convenience Stores
  • Online
  • Others (hospitals, clinics etc.)

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Unveiling Growth Trajectories: Global Labels Market Poised to Reach US$ 67.36 Billion by 2033, Fueled by Innovative Solutions and Market Dynamics

The global labels market is poised for remarkable growth, with projections indicating a valuation of US$ 41.75 billion in 2023 and an anticipated CAGR of 4.9% from 2023 to 2033. By the end of 2033, the market is forecasted to reach an impressive US$ 67.36 billion, driven by evolving consumer demands and industry innovations.

Market Insights and Dynamics:

The pressure-sensitive labels (PSL) segment emerges as a dominant force in the global labels industry, anticipated to hold approximately 3/4th of the market share by the end of the forecast period. These labels offer durability and versatility, withstanding various environmental conditions while maintaining ease of application.

In 2023, the top 5 players are projected to capture 10-15% of the global labels market share, highlighting the competitive landscape and opportunities for industry leaders to leverage market trends and innovations.

Safety and authenticity concerns among end-use industries propel the demand for Smart labels, creating new avenues for growth and innovation within the global labels market. The market is expected to witness a significant growth surge, nearly doubling its current value between 2023 and 2033.

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Regional Market Outlook:

The top 3 countries are estimated to hold 25-30% of the global labels market share by the end of 2023, reflecting diverse regional dynamics and market opportunities. These countries play a pivotal role in shaping industry trends and driving innovation in label manufacturing and distribution.

Opportunities for Industry Advancement:

The projected growth in the labels market presents opportunities for industry stakeholders to innovate and collaborate, catering to evolving consumer preferences and regulatory standards. As demand for labels continues to soar, the industry remains poised for expansion and transformation.

The labels market continues to witness dynamic growth driven by technological advancements, changing consumer preferences, and evolving regulatory landscapes. As a leader in the industry, FMI recognizes the importance of staying ahead of the curve and identifying future growth opportunities and industry trends.

Future Growth Opportunities:

  1. Sustainable Labeling Solutions: With increasing environmental consciousness among consumers, there is a growing demand for sustainable labeling solutions. [Your Company Name] is poised to capitalize on this opportunity by offering eco-friendly labeling options made from recyclable materials and utilizing environmentally friendly printing processes.
  2. Smart Labels and IoT Integration: The integration of smart labels with Internet of Things (IoT) technology presents immense growth potential. These labels enable enhanced product tracking, authentication, and real-time information access, catering to the demand for greater supply chain transparency and consumer engagement.
  3. Customization and Personalization: Consumers seek personalized experiences, and labels are no exception. [Your Company Name] is exploring opportunities to offer customizable and personalized labeling solutions, allowing brands to connect with consumers on a deeper level and differentiate their products in a crowded marketplace.
  4. Digital Printing Advancements: Digital printing technologies continue to evolve, offering improved efficiency, flexibility, and cost-effectiveness. [Your Company Name] is investing in state-of-the-art digital printing equipment to meet the growing demand for short print runs, customization, and quick turnaround times.
  5. Expansion into Emerging Markets: Emerging markets present untapped opportunities for growth in the labels industry. [Your Company Name] is strategically expanding its presence in key emerging markets to capitalize on rising consumer purchasing power and increasing demand for packaged goods.

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Industry Trends:

  1. E-commerce Packaging Requirements: The exponential growth of e-commerce has led to evolving packaging requirements, including durable and informative labels that can withstand the rigors of shipping and handling while providing essential product information and branding.
  2. Regulatory Compliance and Labeling Standards: Stringent regulatory requirements and labeling standards continue to shape the labels market. [Your Company Name] remains committed to ensuring compliance with regulatory guidelines while helping clients navigate complex labeling requirements across different regions and industries.
  3. Demand for Anti-Counterfeiting Solutions: With the rise in counterfeit products, there is a growing demand for anti-counterfeiting solutions such as tamper-evident labels, holographic labels, and track-and-trace technologies. [Your Company Name] is at the forefront of developing innovative anti-counterfeiting solutions to safeguard brands and consumers alike.
  4. Rise of Digitalization and Industry 4.0: Digitalization and Industry 4.0 technologies are transforming the labels market, enabling automation, predictive maintenance, and real-time data analytics. [Your Company Name] is embracing these technologies to enhance operational efficiency, streamline production processes, and deliver superior value to clients.
  5. Shift Towards Flexible Packaging: There is a noticeable shift towards flexible packaging solutions, driven by factors such as convenience, sustainability, and cost-effectiveness. [Your Company Name] is adapting to this trend by offering innovative labeling solutions tailored to the specific requirements of flexible packaging formats.

Key Takeaways:

  • Expanding e-commerce and growing digitization to strengthen market prospects.
  • The U.S. is expected to account for about 83% of the overall sales in North America.
  • The label market in India is predicted to register a robust 8.8% CAGR.
  • In 2022, the sensitive labels segment will account for 73% of the market share.
  • By end use, food segment will grow at a 3.2% CAGR during the forecast period.

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Key Segments

By Product Type:

  • Pressure Sensitive Labels
  • Shrink Labels
  • Stretch Labels
  • Wet Glue Labels
  • Others (In-mold, pre-gummed, etc.)

By Material Type:

  • Plastic
    • Polyethylene (PE)
      • LDPE
      • HDPE
      • LLDPE
    • Polypropylene (PP)
    • Polyethylene Terephthalate (PET)
    • Others
  • Paper
  • Foil

By Printing Technique:

  • Flexographic Printing
  • Digital Printing
  • Gravure Printing
  • Offset Printing
  • Letterpress Printing

By Ink Type:

  • Solvent Based
  • Water Based
  • UV Based
  • Others (Latex Based, etc.)

By End Use:

  • Food
    • Bakery & Confectionery
    • Dairy Products
    • Baby Food
    • Chilled/Frozen Food
    • Others (Snacks, etc.)
  • Beverages
    • Alcoholic
    • Non-Alcoholic
  • Pharmaceutical
    • Tablet/Capsules
    • Cream & Ointment
    • Liquid Syrup
    • Others
  • Cosmetics & Personal Care
  • Homecare & Toiletries
  • Chemicals
  • Automobiles
  • Other Consumer Durables

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

Global Animal Artificial Insemination Industry Set to Skyrocket at 6.0% CAGR, Projecting a US$3.91 Billion Valuation by 2033 | FMI Insights

In a groundbreaking revelation, a recent report by Future Market Insights (FMI) illuminates a remarkably promising future for the Global Animal Artificial Insemination Industry. Projections unveiled in the report indicate an imminent surge, with the market poised to surpass a substantial valuation of US$ 2.18 billion by 2023.

Artificial insemination has emerged as a transformative force within the industry, presenting a myriad of advantages over traditional breeding methods. These include the enhancement of genetic traits, effective disease prevention, and a substantial boost in reproductive efficiency. Market analysts predict a robust growth trajectory, with expectations set on reaching an impressive US$ 3.91 billion by 2033. This trajectory reflects a consistent Compound Annual Growth Rate (CAGR) of 6.0% throughout the forecast period.

One key driver of this growth is the rising initiatives by various governments worldwide to ensure food security, which is expected to sustainably drive demand for artificial insemination in animals. Additionally, the increasing demand for genetically superior quality cattle breeds will have a positive impact on the market. The surge in consumption of animal protein and the rising demand for high-quality milk and dairy products are set to fuel the demand for animal artificial insemination procedures between 2021 and 2031.

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Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average of 35kg per capita in 2020.

There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029. The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders to focus on obtaining genetically better breed for large-scale production. This also is expected to boost the growth of the Global Animal Artificial Insemination Industry.

Key Takeaways from Global Animal Artificial Insemination Industry Study

  • Despite restricted growth amid pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
  • Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable for the rising demand of artificial insemination process.
  • The U.S. accounted for the largest share of 93% of the North America animal artificial insemination market through the forecast period.
  • In 2021, Germany led the Europe animal artificial insemination market, followed by France and U.K., accounting for more than 20% and 15 % respectively.
  • China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.

“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for Global Animal Artificial Insemination Industry,” said a FMI Analyst.

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Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.

Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.

Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.

Who is Winning?

The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.

Some of the leading players in the Global Animal Artificial Insemination Industry include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.

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Global Animal Artificial Insemination Industry by Category

Product type

  • Insemination Equipment
    • Catheters
    • Micromanipulation Pipettes
    • Insemination Gun
  • Artificial Insemination Syringe
  • Insemination Sheath
  • Artificial Insemination Applicator
  • Reagent Media
    • Bovine Media
    • Equine Media
    • IVF Media
  • Thawer
  • Accessories
  • Artificial Insemination Kits
  • Others
  • Artificial Insemination Straws

Animal Type

  • Canine
  • Feline
  • Swine
  • Bovine
  • Equine
  • Ruminant

Procedure Type

  • Semen Collection Procedures
    • Artificial Vagina
    • Electrostimulation
  • Insemination Procedures
    • Recto Vaginal
    • Spectrum
    • Vaginal

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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