Market Research Blog – Page 3670 – New Product Development

Cosmeceutical Ingredients Market is Expected to Expand at a CAGR of ~9% by 2027 | FMI

The global cosmeceutical ingredients market will surpass ~US$ 12 Billion in terms of value in 2027 with a CAGR of ~9% during the forecast. The cosmeceutical ingredients market is dominated by synthetic cosmeceutical ingredients however the natural cosmeceutical ingredients market is expected to expand at higher CAGR (10.8%) as compared to synthetic during the forecast

The importance of beautification to the mankind is considered as the primary driver for the growth of cosmeceutical ingredients market across the globe. Cosmeceutical products reduces the gap between cosmetics that simply cleanse & enhance the appearance and pharmaceuticals that cure and heal. Growing product awareness among consumers have propelled the demand for skin & hair beneficial products in the market which in result drives the necessity of cosmeceutical ingredients.

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Key Takeaways from the Cosmeceutical Ingredients Market Study

According to the report, the global cosmeceutical ingredients market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of cosmeceutical ingredients. L’Oréal, a European cosmetic manufacturer, uses hyaluronic acid which is an active ingredient used in products such as anti-ageing creams.
FMI identifies North America as the largest market for cosmeceutical ingredients in 2019, followed by Europe, attributable to higher demand from cosmetic products such as skincare and haircare. The awareness level is also high of North American consumers as compared to other region. Growing demand for cosmetic products, rising product awareness and increasing popularity of J-Beauty and K-Beauty are the factors will drive the East Asia market forward and is expected to expand at highest CAGR during the forecast.
Growing product awareness, changing lifestyle and rapid urbanization fuel the demand for cosmeceutical products which has resulted to an increasing demand for cosmeceutical ingredients among cosmetic manufacturers.
Skincare segment in cosmeceutical products are the most demanded product among consumers which further increases the demand for cosmeceutical ingredients among cosmetic manufacturers.

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The cosmeceutical ingredients market has increased on account of increasing consumers concerns regarding the negative effects of using synthetic ingredient cosmeceutical products. In addition to this, growing trend of natural products have a positive impact on cosmeceutical products market which further drives the demand for cosmeceutical ingredients among manufacturers.

Who is winning?

Some of the key players operating in the cosmeceutical ingredients market are Eastman Chemical Company, BASF SE, SEPPIC, Solvay S.A., The Dow Chemical Company, Lonza Group AG, The Lubrizol Corporation, Ashland Incorporated, Croda International plc, Robertet, Allergan Incorporated, COBIOSA, Select Botanical, NEXIRA and others.

Several leading cosmeceutical ingredients manufacturers are focusing on R&D to come up for new formulations which can change the market landscape of cosmeceutical products. Growing demand for natural ingredient based cosmeceutical products are booming in the market. Advancement in technology acts as a primary driver for manufacturers. Extraction of ingredients are performed through traditional and avant-grade technological extraction however majority of manufacturers use modern avant-grade technological process as preferred method of cosmeceutical extraction.

Cosmeceutical Ingredients Market Taxonomy

The global cosmeceutical ingredients market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Ingredient Type

Sunscreens Ingredients
Antioxidants
Hydroxy acids
Retinoids (vitamin A)
Skin lightening agents
Botanicals
Peptides and proteins
Others

By Source

Natural
Synthetic

By Form

Powder
Liquid

By Application

Skin care
Haircare
Oral Care
Others (Makeup & Fragrances)

By Region

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

About Future Market Insights (FMI)

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

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Prefilled Formalin Vials Market Envisions Striking Surge, Projected Valuation of US$ 515.8 Million by 2028

The prefilled formalin vials market sale was projected to be valued US$ 388.3 million in 2021; at a compound yearly growth rate of 4.1%, this market is predicted to reach US$ 515.8 million by 2028.

This market is at the forefront of transforming specimen preservation in pathology, providing a convenient and efficient solution for formalin storage. The prefilled vials offer a ready-to-use and standardized approach, streamlining the specimen handling process in various medical applications. As the demand for reliable and efficient specimen preservation methods continues to rise, the Prefilled Formalin Vials Market is positioned to play a crucial role in advancing pathology practices.Formalin is a derivative of formaldehyde, and prefilled formalin vials are used for tissue fixation.

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Prefilled Formalin Vials Market: Overview

According to the new European rules and guidelines, it is essential to protect the environment and the health of the workers who work in an environment where they are directly exposed to aldehydes.

Emission of formalin fumes in pathology labs can lead to serious health hazards. The discharge of these fumes can be avoided by using chemical hoods, particularly in operation theatres, where formalin is mostly used.

The need to lower the level of formalin emission has surged the demand for prefilled formalin vials, and the growth of the prefilled formalin vials market.

In the medical ambulatories including ambulatory surgical centers where small biopsies are performed, the challenges associated with formalin usage are dealt primarily by using prefilled formalin vials or tubes.

Direct exposure to formalin increases the risk of developing cancer. Prefilled formalin vials limit the risk of direct exposure to formalin.

This factor, in particular, is likely to play an instrumental role in driving the growth of the prefilled formalin vials market.

The prefilled formalin vials can be used for diversified applications in distinct end-use settings such as forensic labs, CROs, emergency medical services, diagnostic laboratories, and veterinary laboratories, among others.

Formalin being a cost-effective method of histopathological diagnosis plays a vital role in the healthcare industry, as it cuts down the unnecessary costs associated with the procedural changes related with the usage of new alternative fixatives.

In the European Union (EU) in 2021, 971,000 workers were estimated to be exposed to formaldehyde above the background level.

Out of these, 175,380 were registered in Italy. Formaldehyde is commonly known to have acute toxicity, resulting in sensory irritation in the eyes and upper respiratory tract.

The demand for formalin from veterinary clinics and forensic laboratories has remained stable, but is likely to decline in the near future.

This is primarily to due to strict regulations regarding the usage of formalin across the globe.

Prefilled Formalin Vials Market: Key Players

The report tracks some of the key companies operating in the prefilled formalin vials market, such as Diapath S.p.A, Histo- Line Laboratories Srl, Cardinal Health, Inc., Leica Microsystems Sales GmbH (Leica Biosystems Nussloch GmbH), Genta Environmental Ltd., Carl Roth GmbH + Co. KG, Magnacol Ltd., Serosep Limited, Ultident Scientific and Solmedia Limited.

Prefilled Formalin Vials Market: Segmental Analysis

Prefilled formalin vials are commercially available in different packaging forms in the global prefilled formalin vials market.

Of these, 90 – 500 mL prefilled formalin vials are high in demand in the global prefilled formalin vials market, owing to the fact that there is no alternative fixative validated to be served as formalin replacement.

Likewise, the 40 – 60 mL prefilled formalin vials segment is also projected to hold significant revenue share as their adoption is increasing in diagnostic and forensic laboratories.

Diagnostic laboratories and CROs performing cancer research and diagnostics are the primary consumers of prefilled formalin vials.

According to FMI, the contract research organizations segment accounted for over 28.8% revenue share in the global prefilled formalin vials market in 2021.

Formalin is a cost-effective method of histopathology diagnostic in the West and East Asia, owing to which the demand for prefilled formalin vials has increased in the region.

Furthermore, the growing incidence of cancer in Asia Pacific due to changing lifestyle of people is likely to boost the growth of the prefilled formalin vials market in the region.

Presence of large number of companies with sole focus on providing high-quality prefilled formalin vials and rising disposable income in Japan are factors expected to surge the demand for prefilled formalin vials in the country.

FMI has segmented the global prefilled formalin vials market based on product type and end users.

In terms of revenue, the 90 – 500 mL product type segment in the prefilled formalin vials market is expected to hold significant share over the forecast period.

In contrary, the <10 mL product type segment in the prefilled formalin vials market is expected to exhibit limited investment opportunities, in terms of revenue, through 2028.

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Prefilled Formalin Vials Market by Category

By Product:

<10 mL
10 – 20 mL
20 – 40 mL
40 – 60 mL
60 – 90 mL
90 – 500 mL
500 mL – 1 lit.

By End User:

Hospitals
Clinics
Emergency Medical Services
Diagnostic Laboratories
Academic Institutes
Forensic Laboratories
Contract Research Organizations
Veterinary Clinics
Veterinary Laboratories
Veterinary Hospitals

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Author By:

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

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

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

About Future Market Insights (FMI)

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

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Deodorant Sticks Rise: US$ 3,500 Million Market Forecast by 2033, Driven by Convenience and Innovation | FMI

The deodorant stick market is predicted to be valued at US$ 2,048.8 million in 2023 and to reach US$ 3,500 million by 2033. During the projected period, the use of deodorant sticks is expected to grow at a CAGR of 5.5%.

A significant opportunity lies in the rising demand for natural and organic deodorant products. Consumers are becoming more conscious of the potential health risks associated with chemical-laden deodorants, leading them to seek safer alternatives. Brands that can capitalize on this trend by offering effective, plant-based, and eco-friendly options stand to gain a competitive advantage.

A promising avenue is the increasing focus on sustainability and packaging innovation. Environmentally conscious consumers are urging brands to adopt sustainable practices, including recyclable packaging and reduced plastic usage.

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Companies that can incorporate such eco-friendly initiatives into their product offerings will resonate with environmentally aware consumers and foster brand loyalty. The growing popularity of gender-neutral and inclusive marketing presents a fresh opportunity for the Deodorant Stick market. By moving away from traditional gender-specific product lines, brands can cater to a diverse customer base, promoting inclusivity and diversity in their messaging.

The advent of e-commerce and digital marketing also opens new avenues for growth. Online channels allow companies to reach a global audience and implement targeted marketing strategies, tailoring their offerings to specific demographics and preferences. The COVID-19 pandemic has altered consumer behavior, with an increased emphasis on personal hygiene and wellness. Deodorant brands can leverage this newfound hygiene consciousness by highlighting the long-lasting odor protection and antibacterial properties of their products.

What’s driving this deodorant stick surge? Here are some key ingredients:

Convenience reigns supreme: Sticks offer portability, mess-free application, and no residue, making them ideal for busy lifestyles.
Innovation keeps it fresh: New formulas with longer-lasting protection, natural ingredients, and unique scents keep the category exciting.
Rising disposable income: Growing economies see increased spending on personal care products, including deodorants.
Focus on active lifestyles: Increased participation in sports and outdoor activities fuels the demand for reliable odor control.
E-commerce boom: Online shopping makes deodorant sticks readily available and accessible to a wider audience.

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“Deodorant stick market grows with hygiene awareness and eco-friendly trends, offering opportunities for established and emerging brands through strategic marketing”, remarks an analyst at FMI.

How Key Players are Revolutionizing the Deodorant Stick Market?

Key players are driving a revolution in the deodorant stick market through innovation and consumer-centric approaches. They continuously invest in research and development to offer advanced formulations that address specific needs like long-lasting protection, natural ingredients, and skin sensitivity. Sustainability is a priority, with many players adopting eco-friendly packaging and cruelty-free practices.

Strategic marketing campaigns, celebrity endorsements, and social media engagement amplify brand visibility and attract diverse consumer segments. Key players also foster collaborations with fragrance houses, elevating the olfactory experience. By embracing technology, sustainability, and customer feedback, these industry leaders redefine the deodorant stick market, setting new standards for efficacy, ethics, and personal care.

Product Portfolio

Colgate-Palmolive’s product portfolio spans oral care, personal care, and household products. Their renowned oral care brands like Colgate and Sensodyne ensure healthy smiles, while Palmolive and Softsoap provide a range of bath and body care options, maintaining their commitment to wellness and hygiene.
Mandom Corporation’s product portfolio focuses on men’s grooming and beauty care. Their primary GATSBY brand includes hair styling products, skincare, and shaving essentials, while Lucido-L focuses on hair styling solutions for women. Mandom emphasizes grooming and self-expression in its offerings.

More Insights Available

Future Market Insights offers an unbiased analysis of the deodorant stick market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the deodorant stick market, the report is segmented on the basis of Product (With-Alcohol and Alcohol-Free), Packaging Material (Glass, Metal and Plastic), Sales Channel (Store Based Retailing, Modern Retailers (Convenience Stores, Discounters, Hypermarkets, Supermarkets, Traditional Retailers (Specialty Stores, Independent Grocers, Other Retailers and Online Retailing)), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Key Segments Profiled in the Deodorant Stick Industry Survey

By Product:

With-Alcohol
Alcohol-Free

By Packaging Material:

Glass
Metal
Plastic

By Sales Channel:

Store Based Retailing
- Modern Retailers
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Retailers
- Specialty Stores
- Independent Grocers
- Other Retailers
Online Retailing

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Next Generation Optical Biometry Devices Market Eyes Remarkable US$ 461.3 Million Milestone by 2028

The most recent report by Future Market Insights projects that the next-generation optical biometry equipment market size will be worth US$ 320.7 million by 2021. The prevalence of eye illnesses including cataracts and refractive errors, as well as the rise in eye clinics and hospitals across the globe, are driving up the adoption of next-generation optical biometry technology.

In order to reach US$ 461.3 Million by 2028, sales of next-generation optical biometry equipment are expected to grow at a CAGR of 5.4%. The worldwide ophthalmic imaging devices market’s share of shipments of next-generation optical biometry equipment in 2021 was 16.1%. Revenue from the newest optical biometry equipment is largely derived from hospitals (41.8%).

With the advancement in technology, next-generation optical biometry devices have been developed aiding the measurement of eyes before cataract and refractive surgeries. Earlier measurement by ultrasound technique was gold standard. However, unlike next-generation optical biometry devices, ultrasound devices require direct contact of the probe, which lead to many eye infections.

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According to Prevent Blindness organization, ~25 Mn Americans having cataract require medical care every year in the U.S., hence boosting demand for next generation optical biometry devices. Similar rising demand for next generation optical biometry devices is noted in UK with rising number of cataract surgeries. Increased demand for next generation optical biometry devices is noted in developing markets concurrent with access to eye care facilities. Next generation optical biometry devices are all-in one devices used for evaluation of lens and refraction, of retina.

Next Generation Optical Biometry Devices Market: Overview & Analysis

Rapid increase in number of probe infections due to usage of ultrasound devices, lead to post-operative errors fuelling demand for next generation optical biometry devices instead of ultrasound biometry devices. Manufacturers of next generation optical biometry devices are introducing automated devices which are more efficient in measuring segments of eyes. Players in next generation optical biometry devices market are working on strengthening the software, which could provide detailed information about eye segments. New next generation optical biometry devices introduced are taking into account irregularities and astigmatisms of the anterior and the posterior surfaces of the eye. The next generation optical biometry devices uses a partially coherent wave that has approximately 9x the resolution of a 10 MHz sound wave, for precise measurement of axial length.

Hospitals end users segment account for 41.8% revenue share in the global Next Generation Optical biometry Devices market. Medical services and vision benefits offered under Medicare includes cataract surgeries; which will increase the demand of next generation optical biometry devices.

The company has segmented the global Next Generation Optical Biometry Devices Market into product type and end users. In terms of revenue, the swept source segment in product type in next generation optical biometry devices market report will account for significant revenue share over the forecast period. In contrary, the Partial coherence interferometry (PCI) based next generation optical biometry devices segment in all the markets will exhibit limited investment opportunities through 2028 in next generation optical biometry devices market.

Key Companies Profiled

Nidek Co Ltd.
Ziemer Ophthalmic Systems
TOMEY GmbH
Movu Inc.
OCULUS Optikgeräte GmbH.
Bausch & Lomb Incorporated
Topcon Corporation
Heine Optotechnik GmbH & Co. KG
AMETEK, Inc.
Optovue, Incorporated
Leica Microsystems GmbH

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Key Segments of Next Generation Optical Biometry Devices Industry Survey

Next-Generation Optical Biometry Devices Market by Product Type

Swept-Source Optical Coherence Tomography (OCT) Based Biometers
Partial Coherence Interferometry (PCI) Based Biometers
Optical Low Coherence Reflectometry (OLCR) Based Biometers

Next-Generation Optical Biometry Devices Market by End User

Hospitals
Ophthalmology Clinics and Specialized Eye Care Centers
Ambulatory Surgical Centers

Author By:

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

About Future Market Insights (FMI)

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T: +1-845-579-5705

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Box Liners Market Value: Industry worth US$ 710.15 million by 2033

Box liners are specialized packaging materials used to line the interior of boxes or cartons, providing additional protection and insulation for the contents during storage and transportation. These liners are typically made from various materials, including plastic films, bubble wrap, foam, or corrugated cardboard, depending on the specific packaging requirements.

The global Box Liners Market is on a growth trajectory, and by the conclusion of 2023, it is expected to achieve a substantial value pool, estimated at approximately US$ 400.40 million. This growth can be attributed to significant advancements in seaborne transportation, which have led to a surge in global transport and associated activities, subsequently driving the demand for box liners.

The increased need for bulk packaging solutions, including box liners, has been a direct result of these developments. Consequently, the global box liners market is poised to thrive at an impressive Compound Annual Growth Rate (CAGR) of 5.9% over the decade from 2023 to 2033. By the year 2033, it is anticipated to exceed the US$ 710.15 million mark, demonstrating the sustained growth of the market in response to the expanding global transportation landscape.

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Opportunities

The market opportunity is poised to expand parallelly with the surging demand, aligning with the steady growth anticipated in the global packaging market. The box packaging sector, being a stable element within the manufacturing industry, contributes to this market’s resilience. A noteworthy trend in the global box liners market is the emergence of tailored solutions, wherein box liners are customized to meet specific customer specifications, encompassing dimensions and colors as per individual preferences. This customization trend reflects a dynamic shift in the market, catering to the diverse and personalized needs of customers.

Key Players in the Global Market

Champion Plastics
Thrace Group
Danapoly Inc.
Shagoon Packaging
Synthetic Packers Pvt. Ltd.
Galaxy Packsol Pvt. Ltd.
Neo Corp International Limited
Duropac

Recent Developments

In December 2022, SolarTech Innovations Ltd., a leading solar energy company headquartered in California, announced its initial public offering (IPO) on the NASDAQ Stock Market under the ticker symbol SOLR. SolarTech Innovations specializes in the development and deployment of innovative solar energy solutions, with a focus on next-generation photovoltaic technologies. The company’s flagship product, SolarGenius, is a revolutionary solar panel system that leverages advanced materials and design concepts to maximize energy generation while minimizing space requirements. SolarTech Innovations aims to accelerate the global transition to renewable energy by delivering cost-effective and sustainable solar solutions for residential, commercial, and utility-scale applications.

Box Liners Market Segmentation

By Material Type:

HDPE
LDPE
LLDPE
Others

By Product Type:

PEP
PEP
PEP Jumbo Dolav
Side Gusseted

By Thickness:

Up to 3 Mil
From 4 to 6 Mil
From 6 to 8 Mil

By Region:

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

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Tea Time for Your Skin: Tea-Based Skincare Market Set to Brew Up US$ 1,300 Million by 2033 | FMI

The market for tea-based skin care products is predicted to be worth US$ 582.8 million in 2023 and US$ 1,300 million by 2033. Tea-based skin care product use is expected to grow at an 8.3% CAGR throughout the projection period. A promising opportunity lies in the rising popularity of clean beauty and eco-consciousness among consumers. With a growing emphasis on natural ingredients and sustainable packaging, tea-based skincare products are gaining traction as they align with these values.

The trend of multi-functional products presents an avenue for innovation in the market. Consumers seek efficient solutions that offer multiple benefits, such as anti-aging, brightening, and hydration, all in one product. Tea extracts’ diverse properties allow for the formulation of versatile skincare products that cater to these demands. Personalized skincare is becoming a key focus for brands. Consumers are looking for products tailored to their unique skin concerns and types. The wide array of tea varieties, each with its specific benefits, allows companies to offer customized solutions, appealing to a broader consumer base.

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The market is witnessing a surge in the popularity of niche tea variants, such as matcha, rooibos, and oolong, which boast potent antioxidant properties and other skincare benefits. Companies are capitalizing on this trend by incorporating these exotic tea extracts into their product formulations. The digitalization of the skincare industry presents another significant opportunity. Brands are leveraging e-commerce platforms and social media to reach a broader audience, engage with consumers, and promote the benefits of tea-based skincare products.

What’s brewing this skincare revolution? Here are some key ingredients:

Natural and gentle: Consumers are seeking alternatives to harsh chemicals, and tea’s natural antioxidants and anti-inflammatory properties are a perfect fit.
Efficacy backed by science: Studies show various teas benefit skin health, offering hydration, soothing irritation, and fighting signs of aging.
Unique variety: From calming green tea to detoxifying matcha, diverse tea options cater to different skin concerns and preferences.
Sensory experience: The calming aromas and textures of tea-infused products elevate the skincare routine.
Sustainability focus: Eco-conscious consumers appreciate the potential of using natural ingredients and reducing environmental impact.

“The tea-based skin care products market is experiencing significant growth, driven by consumers’ increasing preference for natural and sustainable ingredients, signaling a promising future for the industry”, remarks an analyst at FMI.

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How Key Players are Revolutionizing the Tea-based Skin Care Products Market?

Key players are leading a revolution in the tea-based skin care products market by harnessing the potent properties of tea extracts and infusions. Through extensive research and development, they create innovative formulations that address various skin concerns, such as anti-aging, acne, and skin hydration. These products capitalize on the growing consumer preference for natural and sustainable ingredients.

Key players adopt eco-friendly packaging and transparent sourcing practices, resonating with environmentally conscious consumers. They also employ strategic marketing campaigns to educate consumers about the benefits of tea-based skincare, positioning themselves as pioneers in this rapidly expanding market. Overall, their commitment to efficacy, sustainability, and consumer education drives the transformation of the tea-based skincare industry.

Product Portfolio

Offering a diverse product portfolio, Laboratories du Palais Royal presents luxury tea-infused skin care products. Their range includes rejuvenating serums, soothing toners, and revitalizing masks, all created with premium tea extracts, providing a pampering experience for skin.
AmorePacific’s product portfolio displays an extensive line of tea-based skincare solutions. From anti-aging creams to hydrating essences, their innovative formulations harness the power of green tea, infusing skin with radiance and vitality.
Organic Tea Cosmetics Holdings Co Ltd offers a natural product portfolio, featuring organic tea-infused cosmetics. From antioxidant-rich moisturizers to detoxifying cleansers, their range harmoniously combines skincare benefits with the goodness of organic tea extracts, promoting healthy and nourished skin.

More Insights Available

Future Market Insights offers an unbiased analysis of the tea-based skin care products market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the tea-based skin care products market, the report is segmented on the basis of product type (creams & lotions, serums, face packs/masks, cleansers and other skincare products), tea type (black tea, green tea and others), skin type (dry, combination, normal, sensitive and oily), sales channel (direct selling, specialty outlets, supermarkets/hypermarkets, convenience stores, beauty stores, e-retailers and other sales channel), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Product Type :

Creams & Lotions
Serums
Face Packs/Masks
Cleansers
Other Skincare Products

By Tea Type :

Black Tea
Green Tea
Others

By Skin Type :

Dry
Combination
Normal
Sensitive
Oily

By Sales Channel :

Direct Selling
Specialty Outlets
Supermarkets/Hypermarkets
Convenience Stores
Beauty Stores
E-Retailers
Other Sales Channel

By Region :

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

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Preterm Birth Diagnostic Test Kits Market Aims for US$ 203.2 Million by 2028

Over the next five years, the Preterm Birth Diagnostic Test Kits Market is predicted to grow at a rate of 1.6 times, with sales projected to reach US$ 121.3 million in 2021. Market growth is anticipated to occur at a compound annual growth rate (CAGR) of 7.6% between 2022 and 2028, when sales are projected to reach US$ 203.2 million.

The key factors that preterm birth diagnostic test kit companies are taking into consideration to emerge and remain sustainably profitable in the long run in the preterm birth diagnostic test kits market are listed in a new study by the company titled “Preterm Birth Diagnostic Test Kits Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.”

The global preterm birth diagnostic test kits market is expected to expand at a CAGR of 7.4% over the forecast period to reach a value of over US$ 200 Mn by 2028, and the North America preterm birth diagnostic test kits market is expected to remain as a main sink market for revenues. Europe is expected to remain as the main source market for preterm birth diagnostic test kits, as most of the preterm birth diagnostic test kits facilities are located in this region. However, with the increasing demand and cost-effective diagnostic options in countries such as China and India, and various countries of Asia Pacific and Middle-East, is fueling the growth of preterm birth diagnostic test kits market.

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Key Findings Presented in the Report on the Preterm Birth Diagnostic Test Kits Market

The report finds that approximately 115.4 million births occurred in 2017, out of which 11.1% births were preterm, which is approximately 12.8 million births. As per WHO, preterm birth complications are the leading cause of deaths amongst children under the age of 5, directly responsible for approximately 1 million death in 2015. Out of these, 3/4th of these deaths can be prevented with cost-effective interventions. The adoption rates for preterm birth diagnostic tests kits ranged from 2% to 15% distributed over various geographies. Majority of the existent patient pool are unaware about the cost-saving benefits of preterm birth diagnostic test kits, thus, a major portion on the preterm birth test kits market has remained untapped which remains open for manufactures of preterm diagnostic test kits to exploit the preterm birth diagnostic test kits market over the forecast period.

Analysis of the Preterm Birth Diagnostic Test Kits Market

For preterm birth diagnostic test kits, blood sample is the most common sample take for diagnosing preterm labor and premature rupture of membrane. Blood sample-based preterm birth diagnostic tests in preterm cases are the most common and widely accepted in the preterm birth diagnostic test kits end users. However, vaginal discharge sample type preterm birth diagnostic tests are gaining popularity for preterm birth diagnostic test kits.

Hospitals, outpatient clinics & diagnostic laboratories using preterm birth diagnostic tests are the primary point of contact for patients experiencing preterm birth symptoms. Hospitals are estimated to account for majority of the revenue share under the end users segment for preterm birth diagnostic test kits market in 2017, owing to being the primary healthcare facility for preterm cases. The prevalent cases of preterm birth, growing demand for cost-effective diagnostic options and preterm birth test kits, and success in clinical studies for developing a rapid preterm birth diagnostic test kits is expected to fuel the growth of the global preterm birth diagnostic test kits market over the forecast period.

Activities across the preterm birth diagnostic test kits manufacturers are restricted to efficiency and specificity testing. The top activity associated with preterm birth diagnostic test kits manufacturers is joint collaboration with various organizations in order to spread awareness, further development, and test the sensitivity, specificity and efficiency of preterm birth diagnostic test kits.

Factors Impacting Growth of the Preterm Birth Diagnostic Test Kits Market

Rising focus on cost-effective diagnosis using preterm birth diagnostic test kits is expected to boost the growth of the preterm birth diagnostic test kits market. Preterm birth diagnostic test kits manufacturing companies focusing on spreading awareness about preterm birth diagnostic test kits and marketing preterm birth diagnostic test kits through campaigns and joint research studies is expected fuel the growth of the preterm birth diagnostic test kits market during the forecast period. However, Preterm birth diagnostic kits experience stiff competition from alternative product lines. Trans-vaginal scans, advanced ultrasound are some of the examinations adopted by healthcare providers over preterm birth diagnostic kits and would pose challenges to the growth of the preterm birth diagnostic test kits market.

Preterm Birth Diagnostic Test Kits Market: Companies

Some of the key preterm birth diagnostic test kits companies analyzed in this report titled Preterm birth diagnostic test kits market include Creative Diagnostics, Qiagen, Medixbiochemcia, Hologic Inc, Sera Prognostics, IQ Products, Biosynex, Nanjing Liming Biological Preparations Co Ltd, Clinical Innovations LLC, BIOSERV Diagnostics GmbH, Wuxi BioHermes Biomedical Technology Co. Ltd, and Anhui Deep Blue Medical Technology.

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Preterm Birth Diagnostic Test Kits Market, By Category

Product:

ffN Test
PAMG-1 Test
IGFBP-1 Test

Sample:

Blood
Urine
Vaginal Discharge

End User:

Hospitals
Diagnostic Laboratories
Outpatient Clinics
Research Centers

Author By:

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

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Women’s Intimate Care Market Blossoms: US$ 43 Billion Forecast by 2033, Driven by Wellness and Sustainability | FMI

The market for women’s intimate care products is predicted to be worth US$ 28.88 billion in 2023 and US$ 43 billion by 2033. During the projected period, the adoption of women’s intimate care products is expected to grow at a CAGR of 4%.

A notable trend is the surge in demand for eco-friendly and sustainable products. As environmental awareness grows, consumers are seeking intimate care solutions that minimize their ecological footprint. Manufacturers are responding with biodegradable materials, reusable products, and packaging innovations to cater to this eco-conscious audience.

A significant trend is the rise of personalized intimate care offerings. Women are increasingly looking for tailored solutions that address their specific needs and preferences. This trend has paved the way for custom-fit menstrual cups, pH-balanced washes, and targeted solutions for postpartum and menopausal care. The digital revolution has also left its mark on the industry. Smartphone apps, wearables, and connected devices are providing valuable insights into women’s intimate health, allowing for data-driven decision-making and personalized recommendations. This integration of technology enhances the overall user experience and promotes better self-care practices.

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Inclusivity and diversity are gaining prominence. Brands are becoming more inclusive in their marketing, representation, and product offerings, acknowledging the diverse needs and experiences of women across various cultural backgrounds and body types. The industry is witnessing a growing emphasis on natural and organic ingredients. Women are opting for products free from harmful chemicals, parabens, and synthetic fragrances, favoring naturally derived formulations that are gentle and safe for intimate use.

What’s driving this blossoming market? Here are some key factors:

Rising wellness awareness: Women are increasingly prioritizing their overall health and well-being, including intimate care.
Focus on natural ingredients: Demand for gentle, organic, and pH-balanced products is growing, driven by concerns about harsh chemicals.
Shifting perceptions: Open discussions about intimate health are normalizing the use of these products, breaking down taboos.
Product innovation: New and innovative solutions cater to diverse needs, from menstrual care to vaginal health and comfort.
Sustainability focus: Consumers are choosing eco-friendly options made with recycled materials and biodegradable packaging.

“The women’s intimate care products market shows a distinctive and thriving industry with significant growth possibilities, influenced by increasing consumer consciousness and a preference for sustainable and customized solutions”, remarks an analyst at FMI.

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How Key Players are Revolutionizing the Women’s Intimate Care Products Market?

In the ever-evolving landscape of women’s intimate care products, key players are spearheading a revolution that transcends traditional norms. Through innovative technologies, extensive research, and a deep understanding of women’s needs, these market leaders are reshaping the industry.

Introducing sustainable materials, personalized solutions, and sophisticated designs, they empower women to take charge of their intimate wellness like never before. From menstrual cups to pelvic health devices, this transformation is not only about products but also about fostering awareness and destigmatizing intimate health discussions. With a customer-centric approach, these trailblazers are setting new standards, paving the way for a more confident, comfortable, and empowered future for women worldwide.

Product Portfolio

Redcliffe Hygiene offers a diverse product portfolio, including personal hygiene products like hand sanitizers and surface disinfectants. Their solutions prioritize safety and cleanliness, catering to the evolving needs of consumers.
IN presents a product portfolio dedicated to women’s health and hygiene, featuring menstrual cups, intimate care products, and more. Their innovative offerings empower women and prioritize their well-being.
Joylux offers a product portfolio centered on intimate wellness, featuring innovative devices for pelvic health and rejuvenation. Their cutting-edge solutions redefine self-care and provide lasting comfort.

More Insights Available

Future Market Insights offers an unbiased analysis of the women’s intimate care products market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the women’s intimate care products market, the report is segmented on the basis of product (intimate washes, liners, oils, masks, moisturizers & creams, hair removal, gels, foams, exfoliants, mousses, mists, sprays, e-products and others), age group (12-19 years, 20-25 years, 26-40 years, 41-50 years and 51 and above), user (women with children and women without children), and sales channel (online sales and offline sales), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

By Product:

Intimate Washes
Liners
Oils
Masks
Moisturizers & Creams
Hair Removal
- Razors
- Wax
- Depilatories
- Wipes
Gels
Foams
Exfoliants
Mousses
Mists
Sprays
E-products
Others

By Age Group:

12-19 Years
20-25 Years
26-40 Years
41-50 Years
51 and Above

By User:

Women with Children
Women without Children

By Sales Channel:

Online Sales
Offline Sales
- Hypermarkets/Supermarkets
- Drug Stores/ Pharmacies
- Beauty Salons
- Others (Departmental Stores & Specialty Stores)

By Region:

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

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Nandini Singh Sawlani

MRI Guided Neurosurgical Ablation Market Soars Beyond US$ 216.3 Million in 2028

MRI guided neurosurgical ablation market size is expected to expand at a compound annual growth rate (CAGR) of 5% from 2022 to 2028, from a valuation of US$ 154 million in 2021 to US$ 216.3 million, according to FMI’s detailed study.

The advent of MRI-guided neurosurgical ablation technology has brought about a significant breakthrough in the field of neurosurgery. To target and treat a variety of neurological problems, this cutting-edge method combines the strength of magnetic resonance imaging (MRI) with exact ablation procedures. This state-of-the-art technology is revolutionising neurosurgery by providing highly focused and minimally invasive treatment options for a variety of conditions, including brain tumours and movement disorders like Parkinson’s disease.

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Traditional neurosurgical procedures often require invasive approaches that come with inherent risks and longer recovery times. However, the MRI-guided neurosurgical ablation market is changing this paradigm. By utilizing real-time MRI imaging during the procedure, neurosurgeons can visualize the exact location of the target tissue and monitor the ablation process with unparalleled precision.

Key Insights :

Amongst Product Type, Accessories contributed maximum market share in the global MRI Guided Neurosurgical Ablation market due to due to rise in number of neurosurgery. MRI Guided Neurosurgery also is expected to gain huge traction in the market over the forecast period due to its increasing adoption.

By End User, Hospitals dominate market share in the MRI Guided Neurosurgical Ablation market due high preference of patient to visit hospitals for the treatment of brain cancer.

North America followed by Western Europe holds the maximum revenue share in the global MRI Guided Neurosurgical Ablation. Companies operating MRI Guided Neurosurgical Ablation focusing expand their business in China and Japan.

China and Japan is the faster growing region for MRI Guided Neurosurgical Ablation market due incidences of brain tumor and expansion strategy followed by key manufacturer in this countries

The growing awareness regarding minimally invasive surgery is expected to fuel the demand for MRI Guided Neurosurgical Ablation in the global market. The demand is primarily emanating from countries such as the U.S. Germany, U.K., Japan and Australia. Enhanced outpatient facilities coupled with affordability are factors contributing to growing demand MRI Guided Neurosurgical Ablation market.

Factors and Trends Impacting the Growth of the Market :

MRI-guided minimally invasive neurosurgery has experienced major momentum in the recent years, propelled by technologies such as MRI Interventions neurosurgical navigation platform and MRI-guided laser ablation platforms developed by Visualase and Monteris. The vast majority of these MRI guided platforms are used within standard diagnostic MRI suites. In a recent survey of neurosurgeons and neurologists, 80% of respondents expressed a belief that real-time MRI-guidance will or can become the future of functional neurosurgery. The utilization of these MRI-guided technologies is not limited to researchers and future applications. Today, clinicians are performing an increasing number of MRI-guided neurosurgical ablation procedures as part of their regular clinical practice. MRI-guidance is enabling a variety of minimally invasive procedures for a broad range of patients, which has enable the future the growth of this market. Additionally, The laser therapy system such as ClearPoint and Visualase by MRI Intervention and Medtronic; RF ablation therapy system such as RF3000 and Starbrust by Boston Scientific Corporation require at least small incision to perform the surgery. Hence, The launch of MRI-guided system has is a revolved the field of neurosurgery, which is expected to contribute to the growth of the MRI guided neurosurgical ablation market.

Market by Product Type :

Accessories segment by product type is estimated to gain maximum revenue by product type for MRI guided neurosurgical ablation market. While, MRI Guided focused Ultrasound Systems is projected to grow with higher pace throughout the forecast period and it is projected to grow at CAGR of 5.8% throughout the forecast period of 2018-2028. MRI Guided Laser Therapy System segment by product is expected to represent value share of 14.3% in 2028, from 15.5% in 2018 for MRI guided neurosurgical ablation market. The launch of MRI guided ultrasound focused system in 2016 has enable the significant growth opportunity for MRI guided neurosurgical ablation market.

Regional Outlook :

On the basis of region, the MRI Guided Neurosurgical Ablation market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America is estimated to dominate the global MRI Guided Neurosurgical Ablation market with maximum value share of the overall market in 2017. The North America MRI Guided Neurosurgical Ablation market is estimated to increase at a CAGR of 4.3% over the forecast period to reach the value of US$ 98.9 Mn. Limited awareness among patient about the treatment brain tumor is responsible for the sluggish growth of Latin America and MEA region.

Key Players :

Some of the top players operating in the global MRI Guided Neurosurgical Ablation market such Medtronic plc, Boston Scientific Corporation, Insightec Lmt, AngioDynamics Inc, Monteris Medical Inc, and MRI Intervention Inc. Innovation and partnership are two major strategy followed by manufacturer of MRI guided neurosurgical ablation. Leading manufacturer of MRI Guided Neurosurgical Ablation are focusing on collaboration to promote the use of MRI Guided Neurosurgical Ablation for the treatment of brain tumor. Some companies are focusing collaborate directly with hospitals to promote their MRI Guided Neurosurgical Ablation system. On other hand, few players of MRI Guided Neurosurgical Ablation market are emphasis on collaboration with distributors to expand their regional presence.

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Key Segments:

MRI Guided Neurosurgical Ablation Market by Product Type:

MRI Guided Laser Therapy Systems
MRI Guided RF Ablation Systems
MRI Guided Focused Ultrasound Systems
Accessories
- Probes
- Electrodes

MRI Guided Neurosurgical Ablation Market by End User:

Hospitals
Ambulatory Surgical Centers
Research Laboratories

MRI Guided Neurosurgical Ablation Market by Region :

North America MRI Guided Neurosurgical Ablation Market
Latin America MRI Guided Neurosurgical Ablation Market
Europe MRI Guided Neurosurgical Ablation Market
East Asia MRI Guided Neurosurgical Ablation Market
South Asia & Pacific MRI Guided Neurosurgical Ablation Market
Middle East & Africa (MEA) MRI Guided Neurosurgical Ablation Market

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Veneer Sheets Market Poised for 2.7% CAGR Growth by 2033, Fueled by Construction Industry Demand

The veneer sheets market is poised for substantial growth, with an estimated value of US$42 billion in 2023, projected to reach US$55 billion by 2033. This growth trajectory indicates a steady advancement at a compound annual growth rate (CAGR) of 2.7%. Such progress underscores the increasing adoption of veneer sheets across various industries, driven by factors such as their versatility, aesthetic appeal, and sustainable characteristics. As demand continues to rise, propelled by trends in interior design, furniture manufacturing, and architectural applications, the market is poised to witness significant expansion in the coming years.

Key Takeaways from the Veneer Sheets Market:

As per FMI analysis, the United States is expected to grow at a CAGR of 2.6% during the projected period.
Germany emerged as a significant player in the veneer sheets industry, with a CAGR of 2.3% over the forecast period.
China’s veneer sheets industry is expected to grow at a CAGR of 2.1% during the forecast period.
The residential sector remains the dominant segment, representing more than 65% of the total market share throughout the projected period.
The wood-backed segment will continue account for one third of the global share among product types through the forecast period.

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Market Trends and Dynamics:

Growing Demand in Construction and Interior Design: Veneer sheets are increasingly favored in the construction sector for their ability to enhance the appearance of surfaces, such as walls, ceilings, and furniture. With a rising emphasis on eco-friendly and sustainable building materials, veneer sheets made from renewable sources are gaining traction.
Advancements in Manufacturing Techniques: Manufacturers are constantly innovating to improve the quality and efficiency of veneer sheet production. Advanced cutting and slicing technologies enable the creation of thinner sheets with consistent thickness, enhancing their appeal in high-end applications.
Expanding Applications in Furniture Production: Veneer sheets are widely used in furniture manufacturing due to their flexibility, allowing for intricate designs and patterns. Additionally, they offer cost advantages over solid wood without compromising on aesthetics, making them a preferred choice for both residential and commercial furniture.
Rising Preference for Exotic and Designer Veneers: Consumers are increasingly inclined towards unique and visually striking veneer patterns sourced from exotic wood species. Designer veneers with distinctive grain patterns and textures are in high demand for luxury interior décor projects, driving market growth for premium product segments.
Shift Towards Engineered Veneer Sheets: Engineered veneer sheets, manufactured using composite materials and natural wood fibers, are gaining popularity owing to their uniformity and resistance to warping and cracking. These sheets offer consistent quality and are available in a wide range of finishes, catering to diverse customer preferences.
Market Expansion in Emerging Economies: The veneer sheets market is witnessing significant expansion in emerging economies, fueled by rapid urbanization, increasing disposable income, and growing construction activities. Rising awareness regarding the benefits of veneer sheets and their applications in interior design are driving market penetration in these regions.

How Key Players are revolutionizing the Manufacturing of Veneer Sheets market?

The veneer sheets market has experienced significant growth in recent years, driven by the increasing demand for aesthetically appealing and eco-friendly furniture and interior décor products. With the market expected to grow even further in the coming years, competition among the industry players is intensifying.

The veneer sheets market is highly fragmented, with numerous players operating in the industry. Some of the key players in the market include Greenlam Industries Limited, Oakwood Veneer, FormWood Industries, SR Wood Ltd, and Herzog Veneers Inc. Ltd., among others. These players have a significant presence in the market, with a wide range of product offerings, competitive pricing strategies, and strong distribution networks.

The veneer sheets market is also witnessing several emerging trends that are shaping the competitive landscape. An emerging trend is the growing demand for customized veneer sheets that cater to the specific needs and preferences of consumers. This trend presents an opportunity for players to differentiate their product offerings and gain a competitive edge.

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More Insights Available

Future Market Insights offers an unbiased analysis of the veneer sheets market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the veneer sheets market, the report is segmented on the basis of Product Type (Paper-Backed, Wood-Backed, Phenolic-Backed, Laid-Up and Others), End Use (Commercial and Residential), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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