Market Research Blog – Page 3679 – New Product Development

Global Membrane Microfiltration Industry on Track to Cross US$8 Billion Milestone, Boasting a Remarkable 7.8% CAGR By 2028 | FMI Unveils Insightful Study

Future Market Insights (FMI), a leading market intelligence firm, has released a comprehensive study forecasting the Global Membrane Microfiltration Industry to exceed the US$8 billion mark by 2028. This impressive growth represents a substantial increase from the estimated value of approximately US$3.8 billion in 2018, with a notable decadal growth rate of 7.8%.

The research sheds light on the industry’s remarkable trajectory, attributing the growth to various factors analyzed in depth by Future Market Insights. One notable trend contributing to this surge is the adoption of membrane microfiltration in the dairy sector.

Microfiltration, emerging as a novel alternative to conventional heat treatment, plays a pivotal role in enhancing the shelf life of dairy products. By effectively reducing bacteria and preserving the authentic taste of dairy items, this technology is revolutionizing the way the industry approaches product preservation.

Traditionally, techniques like pasteurization, heat treatment, and sterilization have been stalwarts in extending the shelf life of milk. However, the FMI study indicates a paradigm shift towards membrane microfiltration in the global market, underlining its significance as a key trend.

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Increasing adoption of ceramic microfiltration membranes for cross-flow filtration in water plants is another key trend, as ceramic membranes help maintain a high filtration rate and ensure enhanced savings in membrane replacement costs.

Manufacturers in the Global Membrane Microfiltration Industry are producing robust microfiltration systems using large filter cartridges that occupy less space and eliminate the number of filtration system connections, thereby reducing maintenance costs.

A preference for continuous fermentation over batch processing is also being observed, with manufacturers increasingly deploying membrane microfiltration technology in their plants. These trends are likely to positively impact the revenue growth of the Global Membrane Microfiltration Industry in the coming years.

Increasing Applications in Industrial Biotechnology and Widespread Use of Large Molecule Biopharmaceuticals Pushing Revenue Growth of the Global Membrane Microfiltration Industry

Membrane microfiltration is finding application in the production of biofuel and biorefineries are incorporating this technology to lower overall energy costs and reduce industrial biowaste. Membrane microfiltration is also increasingly used in biodiesel processes where this technology is used to reuse water, especially in areas of water scarcity. The rising industrial applications of membrane microfiltration are fuelling revenue growth in the global market. Also, filtration is a critical component of biopharmaceutical production, and membrane microfiltration is widely used to remove cellular debris and other cellular colloids. With a growing adoption of large molecule biopharmaceuticals owing to their therapeutic properties, the demand for membrane microfiltration technology in the production of biopharmaceuticals is expected to surge shortly.

Membrane microfiltration is also extensively used in the food and beverages industry as a technology to separate and purify components and improve the quality and yield of food products. Increasing use in vegetable and fruit juices, fermented dairy products, milk and dairy products, non-alcoholic beverages, and other food and beverage products is expected to spur revenue growth of the Global Membrane Microfiltration Industry to a significant extent. One of the other critical application areas of membrane microfiltration is in water treatment plants. Membrane microfiltration helps remove unwanted particles from water before the water is treated for purity using other processes such as reverse osmosis. A growing need for quality potable water is further driving the growth of the membrane microfiltration market.

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Future Market Insights Recommends…

With newer applications of membrane microfiltration coming to the fore, Future Market Insights feels there is a great deal of opportunity for key players operating in the global market. Water treatment and food and beverages are two important end-use application areas that manufacturers can target with their advanced solution offerings. China is projected to be the fastest-growing regional market for membrane microfiltration in terms of demand for the technology, and manufacturers would be well advised to focus on this region to augment their market share. By setting up robust supply chains in regions that are anticipated to develop at a faster pace in the coming years, manufacturers can benefit from the lucrative opportunities presented by local markets to up their current standing in the Global Membrane Microfiltration Industry.

Key Segments Covered in the Global Membrane Microfiltration Industry Survey

Global Membrane Microfiltration Industry by Material Type:

Cross Flow Membranes
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Poly Imide Membrane Filters
- Cellulose Membrane Filters
Direct Flow Membranes
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Poly Imide Membrane Filters
- Cellulose Membrane Filters

Global Membrane Microfiltration Industry by Application:

Biopharmaceutical Processing
Water Treatment Applications
Dairy & Food Processing
Chemical Applications
Others

Global Membrane Microfiltration Industry by Region:

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

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Author

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

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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
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Global Digital Radiography Detectors Industry on Track to Hit US$2.7 Billion by 2026, Driven by a Promising 6.1% CAGR | According to FMI

The Global Digital Radiography Detectors Industry is poised for remarkable growth over the forecast period of 2018-2026, as indicated by a recent market intelligence report released by Future Market Insights (FMI). FMI predicts a substantial upswing in the global digital radiography detectors market, reaching an estimated valuation of US$ 2,713.7 million by 2026, with a promising Compound Annual Growth Rate (CAGR) of 6.1%.

The surge in demand for digital radiography detectors can be attributed to the increasing number of radiography tests conducted globally each year. Key market players are contributing to this growth by introducing state-of-the-art imaging equipment, further propelling the demand for digital radiography detectors. Notably, the adoption of direct flat panel detectors is witnessing significant momentum.

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North America and Europe are likely to remain the dominant regions in the Global Digital Radiography Detectors Industry, attributed to the growing demand for X-ray Detectors and the strong geographical presence of major manufacturers, respectively. Moreover, manufacturers of digital radiography detectors are increasingly focusing on launching products in emerging countries considering an unmet demand for digital radiography detectors and significant dependence on analog (film-based) detectors.

Global Digital Radiography Detectors Industry: Key Players

Varex Imaging Corporation
Thales Group
Agfa-Gevaert N.V
Onex Corporation (Carestream Health)
FUJIFILM Holdings Corporation
Analogic Corporation
Canon Inc.
DRTECH Corporation
Hamamatsu Photonics k.k.
KONICA MINOLTA INC.
Rayence Co. Ltd.
Teledyne Technologies Incorporated

The global market for digital radiography detectors is highly consolidated, with top players including Varex Imaging Corporation and Trixell holding close to 47% of the total market share. FMI expects key market players to focus on strategic acquisitions and collaboration and emphasis on cost-effective product development, in addition to augmenting investments in product innovations and NPD.

A large number of players in the market are also investing in R&D and the introduction of new products based on proprietary technologies, with a focus on product differentiation. Moreover, shifting preference toward direct digital radiography (DDR) and a-Si detectors would present new market opportunities for emerging players working on innovative product offerings. Furthermore, imaging equipment manufacturers have an opportunity to improve their revenue stream by providing cloud storage services for medical imaging and information management, without scrapping existing Picture Archiving and Communication (PACS).

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Promising benefits of using the indirect conversion technique of the digital radiography (DR) technology which involves the use of amorphous silicon (a-Si) photodiodes and cesium iodide (CsI) scintillators for X-ray detection is projected to drive the adoption of digital radiography detectors. The benefits of Si X-ray detectors, mostly used in dental CBCT and orthopedic imaging include lower patient radiation dose, reduced exam time, lower noise, and increased efficiency. More advanced applications in Mammography imaging and breast CT have pushed key players to expand their product offerings, with designs and technologies specific to the aforementioned imaging.

However, the high cost of C-arms compared to traditional X-Ray systems could inhibit the adoption of Fluoroscopy Imaging Systems, especially in low and middle-income countries with lower rates of healthcare expenditure. Additionally, new technologies with improved benefits such as improved spatial image resolutions, better image quality owing to lower pixel imaging, and increased cost-benefit ratios are projected to restrict the growth of the Global Digital Radiography Detectors Industry.

The Global Digital Radiography Detectors Industry is segmented based on product type into:

Indirect Flat Panel Detectors
Direct Flat Panel Detectors
Computed radiography (CR) Detectors

The report analyses the Global Digital Radiography Detectors Industry based on panel size and presents the forecast in terms of value for the next 8 years. Based on the panel size, the Global Digital Radiography Detectors Industry is segmented into:

Large Area Detectors
Small Area Detectors

The report analyses the Global Digital Radiography Detectors Industry based on the modality and presents the forecast in terms of value for the next 8 years. Based on the modality, the Global Digital Radiography Detectors Industry is segmented into:

Portable Detectors
Fixed Detectors

The report analyses the Global Digital Radiography Detectors Industry based on the module type and presents the forecast in terms of value for the next 8 years. Based on the module type, the Global Digital Radiography Detectors Industry is segmented into:

Digital X-ray Systems
Retrofit X-ray Systems

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The report analyses the Global Digital Radiography Detectors Industry based on regions and presents the forecast in terms of value for the next 8 years. Based on regions, the Global Digital Radiography Detectors Industry is segmented into:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe

Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific excluding China & Japan (APEJ)
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
Japan
MEA
- GCC Countries
- South Africa
- Rest of MEA

Author

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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Global Carpal Tunnel Release Systems Industry to Surge at 5.5% CAGR, Aiming for US$ 863.2 Million Milestone by 2029 | FMI

The Global Carpal Tunnel Release Systems Industry is gearing up for substantial growth, projecting a robust 5.5% Compound Annual Growth Rate (CAGR) over the forecast period. With a valuation of US$ 593.9 million in 2022, the industry is poised to make significant strides, reaching an impressive US$ 863.2 million by 2029.

This promising trajectory underscores the escalating demand for advanced healthcare solutions addressing carpal tunnel syndrome, spotlighting the industry’s potential for substantial expansion. As the prevalence of carpal tunnel syndrome continues to rise, the market is witnessing a surge in the need for innovative and effective release systems.

Although endoscopic surgeries are cost-intensive, advantages such as fewer incisions, reduced recovery time, and favorable reimbursement policies are boosting their adoption rate.

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Key Takeaways – Global Carpal Tunnel Release Systems Industry Study

Owing to increasing preference for open carpal tunnel release systems for surgeries, open carpal tunnel release systems continue to contribute a significant market share.
Demand for endoscopic carpal tunnel release systems is expected to gain traction during the forecast period owing to the increasing adoption of minimally invasive endoscopic surgery.
Increasing patient visits to hospitals for carpal tunnel syndrome treatment is expected to increase the market share of hospitals in terms of end users.
Owing to the rising number of carpal tunnel release surgeries along with reimbursement policies, Europe is expected to be a significant revenue generator.

Innovative Product Launches Strategic Focus of Manufacturers

Stryker Corporation and Smith & Nephew plc. are among the leading market players in the Global Carpal Tunnel Release Systems Industry. These manufacturers continue to dominate the market landscape of carpal tunnel release systems by ensuring product availability, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio. The market positioning acquired by Arthrex, Inc. through its innovative brand Centerline helped it maintain significant market share.

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Key Companies Profiled in the Global Carpal Tunnel Release Systems Industry:

Stryker Corporation,
Smith & Nephew plc
CONMED Corporation,
Arthrex, Inc.,
Integra LifeSciences,
MicroAire Surgical Instruments, LLC.
E.G-WAY Orthopaedics Inc.,
M. Surgical Inc.,
Sonex Health, LLC,
Innomed, Inc.

Global Carpal Tunnel Release Systems Industry by Category

By Product Types:

Open CTR System
Endoscopic CTR System

By End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

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Author

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 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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Nandini Singh Sawlani

Global Cohesive Packaging Market Set to Reach US$ 2.8 Billion by 2032, Fueled by Strong CAGR Growth

The future outlook for the Cohesive Packaging Market appears promising, with a projected valuation of US$2.8 billion by 2032, showcasing a robust Compound Annual Growth Rate (CAGR) of 6.6% between 2022 and 2032. Paper cohesive packaging emerges as the frontrunner, expected to dominate with a substantial market share of nearly 58.6% in 2032, reflecting a preference for eco-friendly and versatile packaging solutions.

The paper and paperboard segment witnessed a commendable 4.7% year-over-year revenue growth in 2021, while plastic cohesive packaging demand increased by 3.1% from 2020 to 2021, as reported by Future Market Insights (FMI). The U.S. cohesive packaging market demonstrated a robust year-on-year growth of 3.6% in 2021, reaching total sales of US$322 million. With diverse materials like kraft papers, bleached papers, heavy-duty linerboards, and laminated poly-paper gaining prominence, the market is poised to address varied packaging needs, including abrasion resistance, surface protection, and secure e-commerce deliveries.

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FMI’s analysis highlights paper cohesive packaging as the leading choice among materials, with an estimated market share of nearly 58.6% by 2032. In the paper & paperboard segment of the cohesive packaging market, revenues experienced robust growth at 4.7% year-over-year in 2021. Plastic cohesive packaging also saw demand rise, with a 3.1% increase in sales between 2020 and 2021.

In the United States, the cohesive packaging market performed well in 2021, registering a year-on-year growth of 3.6% and achieving total sales of US$ 322 million, further underscoring the market’s significance and potential for expansion.

Business Growth Opportunities:

E-commerce Integration: Leveraging the growing trend of online shopping by integrating seamless and efficient packaging solutions for e-commerce businesses.
Sustainability Focus: Capitalizing on the increasing demand for sustainable and eco-friendly packaging options to align with consumer preferences and corporate responsibility.
Customization and Personalization: Offering tailored packaging solutions to meet the needs of diverse industries and enhance customer experience through unique and personalized packaging options.
Global Expansion: Exploring opportunities in emerging markets and expanding geographical reach to tap into new customer bases and diverse business environments.
Technology Adoption: Embracing advanced technologies such as smart packaging, RFID tracking, and automation to enhance efficiency, reduce costs, and stay ahead in the competitive landscape.

Trends in Cohesive Packaging Industry:

Eco-friendly Materials: Increasing adoption of sustainable and biodegradable materials in cohesive packaging to address environmental concerns and meet stringent regulations.
E-commerce Packaging Solutions: Growing demand for packaging solutions tailored for e-commerce, including easy-open features, tamper-evident designs, and space-efficient packaging for shipping.
Smart Packaging: Integration of technology, such as QR codes and RFID, to enable better tracking, authentication, and communication throughout the supply chain, enhancing overall efficiency.
Flexible Packaging Dominance: Shift towards flexible packaging formats, such as pouches and bags, due to their lightweight nature, cost-effectiveness, and ability to extend shelf life.
Anti-Counterfeit Measures: Implementation of advanced anti-counterfeit features in cohesive packaging to protect products from imitation, ensuring consumer safety and maintaining brand integrity.

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About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Competitive Landscape

Due to the existence of various companies in the industry operating in both local and international markets, the cohesive packaging is extremely competitive. As per FMI, key manufacturers are focusing on mergers, acquisitions, and strategic alliances to expand their product range.

For instance,

Nov 2020 – Pregis LLC, acquired a privately owned company, Technical Machinery Solutions (TMS), Illinois which deals in remanufacturing of used machinery and has successfully created a solution for the production of single-stream mailer used in cohesive packaging from.
Jun 2020 – American Packaging Corporation has introduced an all-PE, high-barrier, revolutionary cold seal flow wrap package that is ideal for front-of-store recycling.
May 2019 – Automated Packaging Syatems, Inc (APS), a renowned manufacturer of highly-reliable, automated bagging systems, has been acquired by Sealed Air Corporation (SEE). The acquisition of APS is in line with SEE’s ambition of tripling its rate of innovation over the next five years.

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Global Cohesive Packaging Market by Category

By Material Type:

Paper & Paperboard
Plastic
Foam

By Packaging Format:

Envelopes
Mailing Bags
Wraps
Others

By End Use:

Institutional/Commercial
Household

By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & 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
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Global Analgesics Industry on Track for Substantial Growth, Expected to Achieve US$ 132.0 Million by 2033 with a Solid 4.2% CAGR

In a groundbreaking revelation, Future Market Insights (FMI) has unveiled a promising trajectory for the Global Analgesics Industry, forecasting a noteworthy compound annual growth rate (CAGR) of 4.2% from 2023 to 2033. The industry’s projected market worth is set to soar from USD 87.3 million in 2023 to an outstanding USD 132.0 million by 2033.

The global landscape is currently witnessing a significant upsurge in the prevalence of various acute and chronic conditions, including heart disease, cancer, diabetes, stroke, arthritis, and infectious ailments such as gastrointestinal, respiratory, and neurological disorders. Responding to the escalating incidence of these diseases, there is a burgeoning demand for advanced pain management solutions, thereby propelling the growth of the analgesics industry.

A pivotal factor contributing to this heightened demand is the expanding geriatric population worldwide. As the aging demographic increases, the need for effective pain relief becomes more pronounced. Significantly, leading pharmaceutical companies are playing a pivotal role in meeting this demand, actively engaging in the production and distribution of innovative analgesic solutions.

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Clinical trials will continue to be conducted to evaluate the safety and efficacy of a wide range of therapeutic drugs, increasing the Global Analgesics Industry. Furthermore, analgesics market trends are primarily driven by the growing number of elderly people, cardiovascular diseases, cancer, and arthritis.

This is driven by technological advancements in the pharmaceutical industry that allow advanced analgesic drugs to be manufactured, which will create remunerative opportunities for the Global Analgesics Industry forecast period.

Key Takeaways from the Global Analgesics Industry Study

The Global Analgesics Industry expanded at 6% CAGR over 2017-2022.
The U.S. dominates the North American analgesics market with a total share of 5 in 2022 and is projected to continue exhibiting high demand registering a CAGR of 3.5%.
Surgical pain holds a revenue share of 3% in 2023 and is projected to continue accounting for over half of sales in the market by 2033.
By drug type, the demand for opioids is projected to increase at a CAGR of 8% during the forecast period.
Based on distribution channels, hospital pharmacies led the analgesics market with more than 1 market share with a CAGR of 5.4% in 2023.
The analgesics market is expected to increase at a notable CAGR of 4.2%.

Competitive Landscape for the Global Analgesics Industry

In the development of non-opioid or non-addictive pain management formulations, key players are focusing on novel and innovative approaches. Manufacturers are expanding their markets, launching new products, and receiving approvals to further strengthen their position in the market.

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Pfizer Inc., Sun Pharmaceutical Industries, Inc., Sanofi SA, AbbVie Inc. (Allergan plc), Teva Pharmaceuticals, Boehringer Ingelheim International GmbH, Janssen Pharmaceuticals, Inc. [Johnson & Johnson], Endo Pharmaceuticals Inc., Purdue Pharmaceuticals L.P., Assertio Therapeutics, Inc., Mallinckrodt Pharmaceuticals, Bayer AG, GlaxoSmithKline plc., Bausch Health Companies Inc., Novartis AG, and others, the market is growing and establishing a strong global presence.

Recent Developments in the Global Analgesics Industry

Heron Therapeutics Inc. launched ZYNRELEF in July 2021. It is an extended-release product designed for soft tissue or periarticular application and provides analgesia for up to 72 hours following a bunionectomy, inguinal herniorrhaphy, or total knee replacement.
In January 2020, Novartis AG completed its acquisition of The Medical Company. This acquisition provided Novartis AG with new opportunities to treat disability and prevent death.
It was announced in May 2020 that Assertio Therapeutics, Inc. merged with Zyla Life Sciences. This merger created a growing pharmaceutical company with neurology, inflammation, and pain products.
By expanding safe medication disposal kiosks to an additional 900 Walgreens stores in October 2017, Pfizer Inc., AmerisourceBergen, Blue Cross Blue Shield Association, and Prime Therapeutics will join Walgreens (one of the nation’s largest drugstore chains) to fight the national opioid abuse crisis.
Sun Pharma launched a pain relief spray called Volini Maxx in August 2018.

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Global Analgesics Industry Segmentation by Category

By Drug Class:

Opioids
NSAIDs
Local Anesthetics
Acetaminophen

By Indication:

Surgical Pain
Cancer Pain
Neuropathic Pain

By Route of Administration:

Oral
Parenteral
Transdermal

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Store
Clinics
Others

Author

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

About Future Market Insights (FMI)

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

Global Stretch Sleeve Labels Market to Reach US$ 11.8 Billion by 2032, Fueled by Accelerating Demand and Top Country Contributions

The future growth demand in the stretch sleeve labels market is poised for significant expansion driven by several key factors. Firstly, the increasing demand for packaged beverages, including water, soft drinks, and alcoholic beverages, is expected to fuel the demand for stretch sleeve labels. These labels offer versatility, enabling manufacturers to create eye-catching designs and enhance brand visibility on their products.

Secondly, the rising emphasis on sustainable packaging solutions is driving the adoption of stretch sleeve labels, which are recyclable and environmentally friendly compared to traditional packaging materials. As consumers become more environmentally conscious, brands are prioritizing eco-friendly packaging options, thereby boosting the demand for stretch sleeve labels.

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The growth of the Stretch Sleeve Labels Market appears robust, poised for a significant expansion over the next decade. With a projected valuation of US$5.6 billion in 2022 and an estimated Compound Annual Growth Rate (CAGR) of 7.1%, the market is set to double by reaching US$11.8 billion by the end of 2032. The beverage segment is anticipated to be a key driver, experiencing a twofold increase in market value between 2022 and 2032, fueled by rising beverage consumption and stringent labeling regulations in the food and beverage industry. Regionally, North America and Europe are expected to maintain their leadership positions, collectively contributing around 50% to the market share by 2032. Furthermore, the top 5 companies are forecasted to secure a substantial 20-25% share of the global stretch sleeve labels market in 2022, indicating a concentrated competitive landscape. This growth trajectory underscores the increasing demand for stretch sleeve labels, reflecting their integral role in modern packaging solutions across diverse industries.

Within this market, the beverage segment is anticipated to remain highly lucrative, poised for a 2.0x expansion between 2022 and 2032. This growth is attributed to increasing beverage consumption and stringent labeling regulations in the food and beverage industry.

Geographically, North America and Europe are projected to maintain their leadership positions in the stretch sleeve labels market, collectively accounting for approximately 50% of the market share by the end of 2032.

Business Growth Opportunities:

E-commerce Integration: Embrace the growing trend of online shopping by offering customizable and visually appealing stretch sleeve labels for e-commerce packaging, tapping into the increasing demand for personalized branding.
Sustainable Packaging: Capitalize on the rising awareness of environmental issues by providing eco-friendly stretch sleeve labels made from recyclable materials, meeting the demands of environmentally conscious consumers and businesses.
Global Expansion: Explore international markets to expand your customer base. Develop partnerships with distributors and retailers in emerging economies to take advantage of new opportunities in regions with increasing consumer spending.
Technology Integration: Incorporate innovative technologies such as augmented reality (AR) or near-field communication (NFC) into stretch sleeve labels to enhance customer engagement, provide additional product information, and create interactive packaging experiences.
Customization Services: Offer a range of customization options for stretch sleeve labels, catering to diverse industries and allowing businesses to create unique and distinctive packaging solutions that align with their brand identity.

Trends in the Stretch Sleeve Labels Industry:

Digitization and Smart Labels: The adoption of smart labels, equipped with digital technologies like RFID or QR codes, is on the rise. These labels enable improved inventory management, anti-counterfeiting measures, and enhanced supply chain visibility.
Minimalist and Sustainable Design: Consumers are increasingly favoring minimalist and sustainable packaging designs. Stretch sleeve labels that use eco-friendly materials and feature clean, simple designs are gaining popularity in response to this trend.
Health and Safety Compliance: With heightened awareness of health and safety, there is a growing demand for stretch sleeve labels that comply with regulations related to food safety and product information. Labels that communicate essential details about ingredients, allergens, and usage instructions are in high demand.
On-Demand Printing: The trend towards on-demand printing allows businesses to reduce waste and optimize inventory. Stretch sleeve label manufacturers that offer on-demand printing services can cater to the need for flexible and efficient packaging solutions.
Personalized Branding: Brands are increasingly focusing on creating a personalized connection with consumers. Customizable stretch sleeve labels that allow businesses to incorporate unique designs, colors, and messaging are becoming a key trend in the market.

Key Companies Profiled

CCL Industries Inc.
Pregis LLC
Atlantic Packaging
Multi-Color Corporation
Huhtamäki Oyj
Klöckner Pentaplast Europe GmbH & Co. KG
OTK GROUP, a.s.
Walle Corporation
Alupol SA
Berkshire Labels Limited

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Stretch Sleeve Labels Market by Category
By Material Type:

Polythene Terephthalate Glycol (PETG)
Polyvinyl Chloride (PVC)
Polylactic acid (PLA)
Oriented Polystyrene (OPS)
Polypropylene (PP)
Polyethylene (PE)
Other Materials

By Printing Technology:

Rotogravure Printing
Flexographic Printing
Offset Printing
Digital
Letterpress Printing

By End Use:

Food
Beverages
Pharmaceuticals
Personal care & Cosmetics
Homecare

Author

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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Nandini Singh Sawlani

Global Amniotic Membranes Industry Poised to Exceed US$2.3 Billion by 2028 with Impressive 9.0% CAGR | FMI Analysis Reveals

The Global Amniotic Membranes Industry is embarking on an extraordinary growth journey, anticipated to achieve a value of approximately US$1.4 billion in 2022. Future Market Insights (FMI) has released its latest report, forecasting an impressive Compound Annual Growth Rate (CAGR) of 9.0% from 2022 to 2028. By the close of 2028, the industry is projected to reach a staggering US$2.3 billion.

The driving force behind this exponential growth is the increasing adoption of amniotic membranes in ophthalmology, a trend underscored by the insights presented in the ‘Global Amniotic Membranes Industry’ report by Future Market Insights.

According to the report, the market is poised for a substantial CAGR of 9.3% from 2018 to 2028, starting at US$955.2 million in 2018 and projected to surge beyond an impressive US$2,322 million by 2028. Of particular significance is the dominance of cryopreserved amniotic membranes, commanding a substantial 70% market share and expected to sustain growth at a commendable 9% CAGR from 2018 to 2028.

In the geographical landscape, North America is expected to retain its leading position, primarily driven by regulatory approvals for new products in the U.S. These developments underscore the immense potential and opportunities within the global amniotic membranes industry.

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The population of all age groups has emerged as a prominent consumer base, characterised by untapped product segments for amniotic membranes to offer effective wound healing and eye surgeries. This has prompted the amniotic membrane product manufacturers to capitalize on the emerging latent opportunity. The companies in the market are optimistic about increasing amniotic membrane transplants and increasing demand for amniotic membrane products around the world, particularly in North American countries. It is more than likely that over the next four to five years, the companies focus on developing innovative products and designing market-level strategies to leverage the potential opportunities emerging in parallel with the growing human population with various chronic diseases.

Amniotic membrane products such as Amniotic Allograft Membrane and Amniotic Allograft Suspension used to treat surgical wounds and defects of the corneal epithelia have gained traction over the last two decades. The major types of amniotic membranes such as cryopreserved amniotic membranes and lyophilized amniotic membranes evolved back in the 1990s, but they became significant and the market for amniotic membranes to be used on humans boomed over the past fifteen years.

The global amniotic membrane market has been segmented based on product type, application, end-user and region. Globally, cryopreserved amniotic membrane is the most attractive segment from manufacturers’ point of view. Cryopreserved amniotic membrane is majorly used in ocular surface eye surgery owing to its positive effect on wound healing due to its anti-inflammatory properties. Among all end users of amniotic membranes, high demand for amniotic membranes is expected to come from the hospital segment due to the rising application of amniotic membranes in advanced surgical healing.

By volume

The global amniotic membrane market is expected to expand at 11.4% over the forecast period of 2018–2028. With nearly 43% market value share, North America dominated the global amniotic membrane market in 2017, partly due to the penetration of newly approved products in the U.S. Western Europe, the second largest market globally, with the U.K., France and Germany being countries with high growth rates., is expected to gain 110 BPS in its market share over 2018–2028. APEJ is expected to be the third-largest market for amniotic membranes. APEJ and China collectively are expected to contribute over 15% share in the global market by 2028 over 2018.

The market for amniotic membranes is highly consolidated with the top 5 players contributing over 60% of the revenue share in 2017.

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Examples of some of the key players identified in the Global Amniotic Membranes Industry are Integra

LifeSciencesm Inc.
MiMedx Group, Inc.
Alliqua BioMedical, Inc.
Skye Biologics Inc.
Katena Products, Inc.
Tissue-Tech Inc.
Amnio Technology, LLC
Applied Biologics LLC
Human Regenerative Technologies, LLC

Depth of research, along with proper documentation and statistical validation are factors that could determine a player’s success in the global amniotic membrane market

Some of the key points identified in the Global Amniotic Membranes Industry are:

FMI forecasts the global amniotic membrane market to grow at a CAGR of 9.3% over the forecast period by 2028 end. The growth in revenue generation across the amniotic membrane market is registered on the account of rise in amniotic membrane transplants in both developed and developing economies.
The hospitals segment has proved to be the leading end-user segment on account of the increase in several amniotic membrane transplants, and growing awareness among the people about the benefits of the amniotic membrane transplant.
Ease of FDA approval for novel and innovative amniotic membrane allografts coupled with the adoption of amniotic membranes for varied applications would boost the revenue growth in Germany & the U.S. markets.
Most often, apart from major applications including surgical wound and ophthalmology, the use of amniotic tissue in orthopaedic surgery, sports medicine and podiatry treatment has increased in recent years.
The amniotic membranes used majorly to treat human surgical wounds need to be FDA-approved, thus amniotic membrane manufacturers focus on getting fast FDA approvals.

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Key Segments of Global Amniotic Membranes Industry Survey

Global Amniotic Membranes Industry by Product Type:

Cryopreserved Amniotic Membranes
Lyophilized Amniotic Membranes

Global Amniotic Membranes Industry by Application:

Surgical Wounds
Ophthalmology
Others

Global Amniotic Membranes Industry by End User:

Amniotic Membrane Treatment in Hospitals
Amniotic Membrane Treatment in Specialized Clinics
Amniotic Membrane Treatment in Ambulatory Surgical Centres
Amniotic Membrane Treatment in Academic Research Centres

Global Amniotic Membranes Industry by Region:

North America Amniotic Membranes Market
Latin America Amniotic Membranes Industry
Europe Amniotic Membranes Market
East Asia Amniotic Membranes Industry
South Asia & Pacific Amniotic Membranes Market
Middle East & Africa (MEA) Amniotic Membranes Industry

Author

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)

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Nandini Singh Sawlani

Mailers Market Set to Reach US$ 5,263.5 Million by 2033: Driven by 5.3% CAGR and Increasing Online Retail Activities

The future growth demand in the mailers market is anticipated to be driven by several key factors. Firstly, the increasing trend of online retail activities worldwide is expected to significantly boost the demand for mailers. As more consumers turn to e-commerce platforms for their shopping needs, the need for secure and reliable packaging solutions like mailers becomes paramount.

Moreover, the expansion of the logistics sector, coupled with the rising demand for efficient shipping solutions, is further expected to fuel the growth of the mailers market. With the globalization of trade and the increasing emphasis on fast and reliable delivery services, the demand for mailers is likely to witness a notable surge in the coming years.

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The global mailers market is poised for substantial growth, projected to reach a valuation of US$ 5,263.5 million by 2033, with a robust CAGR of 5.3% from 2023. This surge is primarily fueled by the escalating interest in online retail activities worldwide and the expanding logistics sector. According to Future Market Insights, the market is expected to create a significant absolute dollar opportunity of US$ 2 billion by 2033. The shipping and logistics segment is anticipated to be the leading end user of mailers, experiencing a noteworthy 6.9% CAGR during the forecast period.

Mailers, offering customization and branding options, have become popular among companies seeking a branded and professional appearance. The incorporation of logos, colors, and other branding elements enhances the consumer experience and fosters brand recognition. Furthermore, the growing need for secure packaging has elevated mailers as the preferred choice for transporting delicate or fragile products, featuring protective measures such as padding, bubble wrap, or cushioning to ensure the safety of contents during shipment.

Innovations in Mailers Market:

Smart Packaging Integration: Innovations include smart packaging solutions within mailers, incorporating technologies like QR codes, RFID, or augmented reality to enhance tracking, provide interactive content, and improve overall customer engagement.
Biodegradable and Sustainable Materials: The mailers market is witnessing a shift towards eco-friendly practices, with the introduction of biodegradable and sustainable packaging materials, reducing environmental impact and meeting the growing demand for green packaging solutions.
Customized and Personalized Packaging: Advanced printing technologies and customization options enable the creation of personalized mailers. Companies are innovating by offering tailored designs, branding, and messaging to create a unique and memorable unboxing experience for recipients.
Tamper-Evident and Security Features: Enhanced security features, such as tamper-evident seals and tear-resistant materials, provide increased protection for the contents of mailers. These innovations address concerns related to product safety and delivery integrity.
Interactive Packaging Elements: Mailers are incorporating interactive elements, such as scannable QR codes leading to exclusive content or promotions, fostering customer engagement beyond the initial unboxing experience and creating a bridge between physical and digital interactions.

Growth Drivers in Mailers Industry:

E-commerce Expansion: The booming e-commerce industry is a significant driver, with increasing online shopping leading to a higher demand for efficient and secure packaging solutions, including mailers.
Rise of Direct-to-Consumer (DTC) Brands: The surge in direct-to-consumer brands and their preference for personalized and branded packaging has contributed to the growth of the mailers market, as these companies seek unique ways to stand out in the market.
Globalization of Businesses: As businesses expand globally, the need for reliable and standardized packaging solutions for shipping and mailing becomes crucial, driving the growth of the mailers market on an international scale.
Increased Focus on Customer Experience: Companies are recognizing the importance of the unboxing experience and overall customer satisfaction. Mailers that provide a positive and memorable experience contribute to customer loyalty and repeat business.
Eco-Friendly Packaging Practices: Growing environmental awareness and regulations have led businesses to adopt eco-friendly packaging solutions. Mailers made from recycled materials or those designed for easy recycling align with sustainable practices, attracting environmentally conscious consumers.

Key Takeaways from Mailers Market:

The global mailers industry size developed at a CAGR of 3.9% from 2018 to 2022.
In 2018, the global market size stood at US$ 2,558.5 million.
The global market size stood at US$ 2,982.4 million in 2022.
In 2022, the paper material type segment captured 59.0% shares in the global market.
The sales of cushioned mailers accounted for 62% of the total market share in 2022.
In 2022, the United States garnered 21.7% shares in the global market.
In 2022, China captured 6.6% shares in the global market.

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List of Key Players Covered in Mailers Market Are:

Sealed Air Corporation
ProAmpac LLC
3M Company
Georgia-Pacific LLC
Pregis LLC
Intertape Polymer Group Inc.
PAC Worldwide Corporation
VP Group (Vereinigte Papierwarenfabriken GmbH)
Storopack Hans Reichenecker GmbH
PolyPak Packaging
Bravo Pack Inc.
Polycell Group
Insulated Products Corporation
MAILERS HQ
BETA(ShenZhen) Package Products Co.Ltd

“Surging demand for eco-friendly packaged solutions across the globe is boosting sales of paper mailers, thereby augmenting the growth in the market. Besides this, increasing investments in research and development by key market players to improve the efficacy of cushioned mailers will drive the market over the forecast period,” says an FMI analyst.

Key Takeaways:

Based on material, sales in the paper mailers segment will account for 60% of the total market share, offering an incremental opportunity of US$ 1.3 Bn over the forecast period.
The sales of cushioned mailers are estimated to increase at a 5.9% CAGR through 2032.
The consumption of mailers in the shipping and logistics industry is expected to remain high.
The U.S. is anticipated to dominate the North America mailers market owing to the presence of a robust ecommerce sector in the country.
Demand in the China mailers market will grow at a 6.5% CAGR over the forecast period.

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Mailers Market Segmentation

By Material Type:

Paper
Plastic

By Product Type:

Cushioned Mailers
Bubble Mailers
Padded Mailers
Non-cushioned Mailers

By Insulation:

Insulated
Non-insulated

By End Use:

Manufacturing & Warehousing
Pharmaceuticals
Electrical & Electronics
Cosmetics & Personal Care
Automotive
Food
Others
Shipping & Logistics
E-commerce

By Region:

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

Global Mailers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for mailers market by material type (paper mailers, plastic mailers), product type (cushioned mailers, non-cushioned mailers), insulation (insulated mailers, non-insulated mailers), end use (manufacturing & warehousing, shipping & logistics, e-commerce) across seven regions.

Author

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

Global Enzyme Replacement Therapy Industry Set to Reach US$ 13.8 Billion by 2028 with a Resilient 6.7% CAGR | Reports FMI

The Global Enzyme Replacement Therapy Industry is embarking on an extraordinary trajectory, poised to achieve a substantial revenue milestone. According to the latest analysis by Future Market Insights (FMI), the industry is projected to witness a remarkable surge from US$ 9.3 billion in 2022 to an impressive US$ 13.8 billion by the end of 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.7%.

These insights, gleaned from FMI’s comprehensive analysis, illuminate pivotal trends and drivers that are reshaping the global healthcare landscape. ERT, representing over 63% of the hormone replacement market globally, emerges as a cornerstone in the treatment paradigm for various uncommon disorders. The rising prevalence of these conditions underscores the critical role that enzyme replacement therapy plays, with ongoing medical research expected to further accelerate this development.

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Global Enzyme Replacement Therapy Industry: Regional Insights

With nearly 25%-30% market share, North America dominated the Global Enzyme Replacement Therapy Industry in 2017, partly due to the presence of leading market players in the region. In developing regions such as Latin America, advancements in medical facilities are helping the region cope with the healthcare crisis. Medical facilities in Brazil are equivalent to hospitals in the United States, with some even exceeding American standards. Brazil offers everything from large, full-service hospitals to smaller, intimate private clinics.

Brazil has developed into a centre of excellence for healthcare in Latin America, with major universities that support research, teaching and training of medical professionals. Western Europe is the second largest market globally and is expected to be valued at US$ 2,893.2 Mn by 2028, with France, Italy and Spain projected to witness significant growth rates. Japan is expected to be the third largest market for enzyme replacement therapy.

Global Enzyme Replacement Therapy Industry: Segmentation & Forecast

The Global Enzyme Replacement Therapy Industry has been segmented based on therapeutic condition, route of administration, distribution channel and region. Therapeutic conditions in the enzyme replacement therapy markets include Fabry disease, Gaucher disease, mucopolysaccharidosis, Pompe disease, lysosomal acid lipase deficiency and others.

Globally, the mucopolysaccharidosis therapeutic condition is the most attractive segment. The injectable segment remains the most lucrative route of administration in the Global Enzyme Replacement Therapy Industry. Among all distribution channels for enzyme replacement therapy, speciality treatment pharmacies are expected to be the most lucrative, followed by hospital pharmacies.

Key Research Findings

Enzyme replacement therapy is used in the treatment of rare diseases and the global market is projected to create incremental opportunity of US$ 6,448.3 Mn between 2022 and 2028

When compared to other established markets such as North America, the enzyme replacement therapy markets in Japan and Western Europe are expected to witness fast and steady growth, partly due to the increasing governmental support and growing demand for enzyme replacement therapy for the treatment of rare diseases.

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Global Enzyme Replacement Therapy Industry: Competitive Landscape

Sanofi S.A. (Genzyme Corporation)
Shire plc.
Pfizer Inc.
Alexion Pharmaceuticals Inc.
BioMarin Pharmaceutical Inc.
Ultragenyx Pharmaceutical Inc.
Johnson & Johnson Services Inc.
Allergan plc.
Leadiant Biosciences Inc.

Pompe Disease Treatment Market Is a type of treatment for certain genetic diseases that are caused by a deficiency in a specific enzyme. This therapy involves administering the missing enzyme to the patient, usually through intravenous infusion.

Key Segments of Global Enzyme Replacement Therapy Industry Survey

Global Enzyme Replacement Therapy Industry by Therapeutic Condition:

Enzyme Replacement Therapy for Fabry Disease
Enzyme Replacement Therapy for Gaucher Disease
Enzyme Replacement Therapy for Mucopolysaccharidosis
- MPS I
- MPS II (Hunter Syndrome)
- MPS IVA (Morquio Syndrome, Type A)
- MPS VI (Maroteaux-Lamy Syndrome)
- MPS VII (Sly Syndrome)
Enzyme Replacement Therapy for Pompe Disease
Enzyme Replacement Therapy for Lysosomal Acid Lipase Deficiency
Others

Global Enzyme Replacement Therapy Industry by Route of Administration:

Oral Enzyme Replacement Therapy
Injectable Enzyme Replacement Therapy

Global Enzyme Replacement Therapy Industry by Distribution Channel:

Hospital Pharmacies
Specialty Treatment Pharmacies
Retail Pharmacies

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Author

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 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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Nandini Singh Sawlani

Global Plant Phenotyping Market Expected to Reach US$ 497.4 Million with a CAGR of 11% spanning 2023 to 2033

The Plant Phenotyping Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Plant Phenotyping market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Plant Phenotyping. 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 global Plant Phenotyping Market Size is poised for substantial growth, with an estimated valuation of approximately US$ 175.9 million expected by the year 2023. This anticipated progress is predominantly attributed to the proactive support and initiatives from various government bodies, laying the foundation for a projected Compound Annual Growth Rate (CAGR) of 11.0% from 2023 to 2033. By 2033, the market is forecasted to achieve a notable total valuation of around US$ 497.4 million.

A key driving factor behind the expansion of the plant phenotyping market is the collaborative synergy and strategic partnerships cultivated among industry players, research institutions, and technology providers. These collaborative alliances within the industry function as catalysts for the development of integrated phenotyping solutions, effectively integrating hardware, software, and analytical capabilities.

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Through collaborative efforts among technology firms, equipment manufacturers, and research institutions, we are witnessing the emergence of innovative and user-friendly phenotyping platforms. These collaborations not only expedite the widespread adoption of plant phenotyping technologies but also foster the creation of bespoke solutions tailored to meet the distinct requirements of specific crops and agricultural systems.

Plant phenotyping assumes a pivotal role in breeding programs by facilitating the identification and selection of desirable plant characteristics for crop enhancement. The amalgamation of phenotypic data with genomics and molecular breeding techniques enables the development of superior crop varieties with amplified yield, disease resistance, and enhanced quality attributes. Plant phenotyping technologies streamline the screening of large populations and accelerate the breeding cycle, thereby reducing the time and costs associated with phenotyping.

The mounting demand for high-throughput phenotyping is poised to exert a substantial influence on market growth. High-throughput phenotyping facilitates the swift and simultaneous analysis of extensive plant populations, furnishing valuable insights into genetic variation, trait inheritance, and plant-environment interactions. Researchers and breeders are increasingly seeking efficient and scalable methods for the collection of phenotypic data, thereby propelling the demand for high-throughput phenotyping solutions. The integration of advanced automation technologies, robotics, and imaging systems is facilitating high-throughput phenotyping, propelling market expansion.

Furthermore, the escalating emphasis on enhancing plant stress tolerance and resilience is contributing to market growth. Climate change, environmental pressures, and evolving agricultural practices have heightened the necessity for plants endowed with augmented stress tolerance and resilience. Plant phenotyping assumes a pivotal role in the identification of stress factors, comprehension of plant responses, and development of stress-tolerant varieties. The precise measurement and quantification of stress-related traits, such as drought tolerance, heat tolerance, disease resistance, and nutrient efficiency, significantly bolster the adoption of plant phenotyping technologies.

The integration of phenotypic data with genomics, molecular breeding, and marker-assisted selection is propelling the uptake of plant phenotyping in breeding programs. Phenotypic data furnishes invaluable insights into the relationship between genotype and phenotype, empowering breeders to pinpoint genetic markers associated with desired traits. The fusion of phenotyping and genomics streamlines precision breeding, expediting the development of enhanced crop varieties with targeted traits.

Key Takeaways:

Global plant phenotyping market was valued at US$ 156.5 million by 2022 to end.
plant phenotyping Market From 2018 to 2022, the market demand expanded at a CAGR of 6.1%.
North America is expected to hold a dominant CAGR of 10.9% during the forecast period.
By Equipment, the imaging systems segment is expected to constitute a CAGR of 10.8% in 2033.
On the basis of Software, data management & integration software segment is expected to dominate the market with a CAGR of 10.7% in 2033.
From 2023 to 2033, plant phenotyping market is expected to flourish at a CAGR of 11.0%.
By 2033, the market value of plant phenotyping is expected to reach US$ 497.4 million.

Adoption of Internet of Things (IoT) and sensor technologies, across the globe is a major factor that is expected to propel the growth of the plant phenotyping market in the near future, remarks an FMI analyst.

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Competitive Landscape:

Prominent players in the plant phenotyping market are are LemnaTec GmbH, Qubit Systems Inc., Phenospex B.V., Keygene N.V., Rothamsted Research, CropDesign (a BASF company), Lemnatec Corp., Phenomix AG, PSI – Plant Phenotyping and Imaging Research Centre, and Heinz Walz GmbH, among others.

Recent Developments:

In 2022, Heinz Walz launched the Heinz Walz PHENOTEC 3D. The PHENOTEC 3D is a 3D phenotyping system that can be used to measure plant traits such as height, width, and leaf area.
In the same year, LemnaTec launched the LemnaTec Delta-T FieldSpec® X4 portable phenotyping system. The system is an upgraded version of the Delta-T FieldSpec® X3 system and includes new features such as a higher-resolution camera and a wider range of sensors.
In 2022, Phenomix partnered with the University of California, Davis to develop new phenotyping technologies for the wine industry. The partnership will focus on developing technologies that can be used to improve the quality of wine grapes.
Rothamsted Research launched the Rothamsted Research Phenotyping Platform in 2022. The platform is a hardware and software solution that helps researchers to collect, manage, and analyze plant phenotyping data.

More Valuable Insights Available:

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

To understand opportunities in the plant phenotyping market, the market is segmented on the basis of equipment (growth chambers/phytotrons, imaging systems, robotics and automation, and phenomobiles), by software (imaging analysis software, data management & integration software, and statistical analysis and modeling software), by sensors (environmental sensors, physiological sensors, and spectral sensors), across seven major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).

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Key Segments Profiled:

By Equipment:

Growth Chambers/Phytotrons
Imaging Systems
Robotics and Automation
Phenomobiles

By Software:

Imaging Analysis Software
Data Management & Integration Software
Statistical Analysis and Modeling Software

By Sensors:

Environmental Sensors
Physiological Sensors
Spectral Sensors

By Region:

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

About Future Market Insights (FMI):

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

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