Market Research Blog – Page 3768 – New Product Development

Social Media and Destination Market Impressive Surge to US$ 459.5 Billion by 2033 | FMI

Between 2023 and 2033, the social media and destination market is projected to grow at a robust CAGR of 13.7%. The market is anticipated to reach a value of US$ 127.8 billion in 2023, and a market share of US$ 459.5 billion by 2033.

Restoration of travel and tourism activities, end users preferring online booking, and high penetration of social media is transforming travel marketing strategies. Furthermore, the usage of social media and destination marketing is only helping the sector grow.
New travel and tour services going online, showcasing the travel experience they deliver while connecting with the consumers is enriching the marketing strategy. Alongside this, the expanding number of tour and travel package providers is also helping the market expand its boundaries.
Other elements like destination detection, travel and intent research, customer service, and different loyalty programs are pushing businesses to adopt social medical and destination marketing.
Helping the people who are roaming outside their city or state with place hacks and travel tips is another part of destination discovery. The future for social media and the destination market looks promising

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Key Points

The United States market leads the social media and destination market in terms of market share in North America. The United States region held a market share of 4.0% in 2022. The growth in this region is attributed to the rising per capita income, high penetration of social media among travelers and tourists, and people travelling often post-pandemic. North America’s market held a share of 25.0% in 2022.
Germany’s market is another important market in Europe region. The market held a market share of 5% in 2022. The growth is attributed to the presence of major tour package companies. Europe’s market held a market share of 20.0% in 2022.

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India’s social media and destination market thrives at a CAGR of 8.0% between 2023 and 2033. The growth is attributed to the government promoting travel and tourism, high smart phone penetration, and destination-based marketing strategies followed by the companies.
China’s market also secures a CAGR of 6.80% during the forecast period. The flourishing growth is caused by the increased number of people coming to the country to experience authentic monuments in China.
Based on the service type, the physical tour segment leads the market as it held a major share of 38.0% in 2022.
Based on social media platforms, the Facebook segment leads the market as it held a significant market share of 34.00% in 2022.

Competitive Landscape

The key healthcare providers focus on sector-specific social media strategies while taking account of the brand’s USP and KPIs. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

Screen Pilot has introduced digital experience engineering for hospitality & travel industry including DBX and Carnero. The brand claims to boost bookings 3X to 6X while enhancing the KPIs.
Net Affinity has added its social media campaign services for hotel and travel sectors. The brand offers brands like Facebook & Instagram, Twitter, YouTube, and other professional socials as well.

Key Segments Covered

By Service Type:

Virtual Tour
Physical Tour

By Types of Marketing:

Media Sharing
Micro Blogging
Social Review Sites
Advertisement Marketing

By Marketing Tools:

Biteable
Buffer
Buzzsumo
Meetedgar
Hootsuite

By Application Outlook:

Hotel
Airlines
Cruise
Travel Agencies
Others (Museums and Other Destinations)

By Tourist Type:

Domestic
International

By Social Media Platforms:

Google
Facebook
Twitter
Snapchat
Youtube
Instagram
Whatsapp

Key Regions Covered:

North America
Latin America
Europe

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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North America Travel Trailers Market Accelerates Towards US$ 73.9 Billion with 7.9% CAGR by 2033 | FMI

It is projected that the travel trailer market in North America will produce US$ 34.7 billion by 2023. By 2033, sales are projected to increase at a robust 7.90% CAGR and reach a market value of US$ 73.9 billion. Roughly 8% to 10% of all recreational vehicle sales come from this segment.

Travel and tourism are becoming more and more important on a worldwide scale, opening up the attractive potential for industry growth. By 2032, travel and tourism will continue to boost the business by increasing the demand for outdoor camping activities.

The World Tourism Organization reports that compared to 2020, worldwide tourism climbed by 4% in 2021, boosting sector growth. Rapid technical breakthroughs have increased consumer demand for electric leisure vehicles with the development of improved batteries and electric power trains (RVs).

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Consumers are adopting electric and hybrid RVs as a result of severe automotive pollution rules, which support market data. The business is rapidly expanding as a result of the integration of cutting-edge technologies, like driver assistance and accident prevention systems, into RVs to increase passenger and pedestrian safety.

The market for RVs increased significantly in the spring and summer of 2020, according to dealers and RV manufacturers, including Thor Industries, Winnebago, and Forest River. According to industry analysts, there may be more prosperous months to come.

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Key Takeaway From The Industry

The North America travel trailers market is expected to reach US$ 59 billion, with a CAGR of 9 % during the forecast period.
The valuation of the North America travel trailers market is US$ 33.95 billion in 2022.
The RV business supported approximately 600,000 employees in 2019, delivering more than $32 billion in salaries and more than $12 billion in federal, state, and local taxes.
Overall, the RV industry had a $114 billion economic effect on the US economy.
In Canada, the industry is responsible for over $3.8 billion in retail sales each year.
Elon Musk’s SpaceX Starlink launched $135 per month Internet services for recreational vehicles, which is one of the factors driving the industry’s development.
The pandemic sparked a renewed passion for safe, reclusive van and RV living.

North America Travel Trailers Market Competitors Following the Market Trends

Major market players are concentrating on business expansion to increase their market presence. This opens up several prospects for important travel trailer manufacturers in North America. Strong RV sales and great consumer interests are also supporting the RV industry.

Recent Developments

In 2021, RVezy, a peer-to-peer marketplace for renting recreational vehicles (RVs) and campervans in North America, raised about US$ 19 million (US$ 23 million Canadian dollars).
Hymer USA, a division of Thor Industries, Inc. that would be dedicated to creating and selling recreational vehicles used in European customs, was established in January 2020.
Winnebago Industries manufactures high-quality RVs, travel trailers, fifth-wheel products, pontoons, inboard/outboard and stern drive powerboats, and commercial community outreach vehicles.

Key Players in the North America Travel Trailers Market

Thor Industries Inc.
Winnebago Industries Inc.
Forest River Inc.
REV Group
NeXus RV
Triple E Recreational Vehicles
Tiffin Motor homes Inc.
Starcraft RV Inc.
Heartland Recreational Vehicles
Airstream
Northwood Manufacturing
Others

North America Travel Trailers Sector Market by Category

By Exterior Construction Material:

Wood
Aluminum
Others

By Type:

Motor homes
- Class A Motor Homes
- Class B Motor homes
- Class C Motor homes
Travel Trailers & Camper
- Conventional Travel Trailer
- Fifth-Wheel Travel Trailer
Camping Trailer
- Folding Camping Trailer
- Truck Camper

By Region:

US
Canada
Rest of North America

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Corrugated Paper Machine Market Growth: Industry Anticipated 4% CAGR by 2031

A corrugated paper machine is a specialized piece of industrial equipment used in the manufacturing process of corrugated cardboard, commonly known as corrugated paper or cardboard. This machine is designed to produce the fluted medium and linerboard layers that make up corrugated cardboard, which is widely used for packaging and shipping materials.

According to the latest analysis by FMI, the Corrugated Paper Machine Market is poised for steady growth, with an anticipated Compound Annual Growth Rate (CAGR) of approximately 4% annually over the next decade.

Corrugated paper emerges as the optimal choice for packaging solutions, catering to both consumer and industrial needs. Its inherent durability and strength significantly reduce the risk of damage, making it the preferred packaging solution for transporting goods securely across various destinations.

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A corrugated paper machine serves as the essential equipment for manufacturing corrugated paper and subsequently transforming it into corrugated boxes tailored to diverse demands and applications. Companies in the market offer a range of machinery solutions, with automatic and semi-automatic options being the most prevalent product types in the corrugated machine market. These advanced machinery solutions enable efficient and precise production processes, meeting the evolving demands of the packaging industry while ensuring high-quality end products.Top of Form

Key features and functions of a corrugated paper machine:

Fluting: The corrugated paper machine forms the fluted medium, which consists of ridges and valleys, by passing paper through corrugating rolls. These rolls have a series of flute profiles that impart the desired shape to the paper, creating the characteristic wavy pattern of corrugated cardboard.
Linerboard Production: In addition to producing the fluted medium, the corrugated paper machine also manufactures linerboard, which forms the outer flat surfaces of the corrugated cardboard. Linerboard is typically made from a higher-quality paper stock and is produced separately before being combined with the fluted medium to create the final corrugated cardboard.
Gluing and Laminating: Once the fluted medium and linerboard layers are produced, they are combined and bonded together using adhesive. The corrugated paper machine applies adhesive to the fluted medium and then laminates the linerboard layers onto each side, creating a strong and durable composite material.
Heating and Drying: After the adhesive is applied and the layers are laminated together, the corrugated cardboard passes through a heating and drying section of the machine. This process helps to cure the adhesive and ensure that the layers bond together properly, resulting in a stable and rigid final product.

Key Market Players

BW Papersystems
A.Celli Paper
Allimand
BHS Corrugated Maschinen- und Anlagenbau GmbH
Siemens
Erhardt+Leimer
BELLMER GmbH
BVM BRUNNER GMBH & Co.KG

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Key Market Players in Asia-Pacific Region

Century Machines Inc.
Natraj Corrugating Machinery. co.
Champion Corrugated Co., LTD.
Scan Machineries Pvt Ltd.
B.R.D. Manufacturing Company
ATULYA MACHINES PVT. LTD.
Foshan Fuli Packaging Machinery Co., Ltd
Hebei Xinguang Carton Machine Manufacture Co., Ltd.

Market Segmentation

Segmentation Based On Machine Type:-

Automatic
Manual

Segmentation Based On The End Use:

Food & Beverages
Electronics
E-commerce
Logistics & shipping
Household
Healthcare
Industrial & Institutional

Segmentation Based On Region:-

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

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Global Aspiration & Biopsy Needle Market is forecasted to attain US$ 1,405.2 million by 2033, showcasing significant growth prospects according to FMI

The global aspiration & biopsy needles industry demand is on an upward trajectory, as per the latest insights from Future Market Insights (FMI). The market, estimated at US$ 777.29 million in 2023, is anticipated to expand significantly and hit a valuation of US$ 1,405.2 million by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% over the forecast period.

The increasing demand for minimally invasive procedures, coupled with technological advancements in healthcare, is driving the growth of the aspiration and biopsy needles market. These needles play a crucial role in diagnostic and therapeutic procedures, contributing to their rising adoption across various medical fields.

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“The forecasted market expansion indicates a burgeoning need for advanced medical devices and a growing preference for less invasive diagnostic procedures,” stated a spokesperson from Future Market Insights.

Aspiration and biopsy needles find extensive application in oncology, interventional radiology, and other specialties, aiding in precise tissue sampling and diagnosis. The market growth is further fueled by the escalating prevalence of cancer and chronic diseases worldwide, emphasizing the importance of early and accurate diagnosis for improved patient outcomes.

FMI’s comprehensive analysis highlights the evolving landscape of the aspiration and biopsy needles market, indicating opportunities for manufacturers, healthcare providers, and investors to capitalize on this growth trend.

Top Highlights from the FMI’s Analysis of the Aspiration & Biopsy Needles Market:

North America represented 34% market share in 2022. The regional market is projected to lead the market over the upcoming years. This can be attributed to the strong presence of market participants in the region. The introduction of new product lines and higher accessibility to treatment facilities in North America is pushing the market growth.
Europe demonstrated a 26% overall market share. The industry growth has been catalyzed by many research and development activities and studies.
Hospitals are expected to capture a significant portion of the market. In 2022, the segment acquired 46% of the market. Building upon the prior growth, the future market scope of the segment looks bright.
The core biopsy needles segment attained a 58.60% market share in 2022. The demand graph of this product segment is projected to show an upward trend.
India is expected to grow at lightning-bolt speed in the coming years. FMI has predicted an 8.3% CAGR for India from 2023 to 2033.

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Keeping Abreast with the Market Ongoings: Market News

Micro-Tech Endoscopy strives to develop high-quality products for endoscopic diagnosis. In October 2021, the company released an improved version of EUS needles, such as Trident FNB and Areus FNA.
NeoDynamics AB is a MedTech company, which is devoted to enhancing breast cancer treatment and diagnosis. The company’s patent for a biopsy needle got approved in the United States, in August 2021, to be used in NeoNavia FlexiPulse probe.
In January 2019, IZI Medical Products procured the needle product line of soft tissue biopsy and breast localization of Cook Medical.

Key Players in the Market:

Merit Medical Systems
Cook Group Incorporated
Olympus Corporation
Medtronic PLC
Argon Medical Devices Inc.
Boston Scientific Corporation
Cardinal Health Inc.
Conmed Corporation
Inrad Inc.

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Key Segments:

By Product Type:

Biopsy Needles
Aspiration Needles

By Application:

Tumor/Cancer Applications
Wound Applications
Other Applications

By Procedure:

Image-guided Procedures
Non-image-guided Procedures

By End User:

Hospitals & Surgical Centers
Diagnostic Clinics & Pathology Laboratories
Ambulatory Care Centers
Research & Academic Institutes

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Isocitrate Dehydrogenase (IDH) Inhibitors Market Secures Remarkable Valuation of US$39.16 Billion in 2033

The isotrate dehydrogenase (IDH) inhibitors market sales is predicted to expand from US$ 1.7 billion in 2022 to US$ 39.16 billion in 2033, with a compound annual growth rate (CAGR) of 33% from 2023 to 2033.

Additionally, the development of more potent and selective IDH inhibitors, as well as the expansion of their use into other cancer types, is expected to further contribute to the growth of the market. Bayer and Agios Pharmaceuticals are among the key players in the IDH inhibitors market, with their respective drugs BAY 1436032 and ivosidenib being approved by the US FDA for the treatment of IDH-mutated cancers. These drugs have shown promising results in clinical trials, including high response rates and extended survival in patients with AML.

The IDH inhibitors market is a rapidly growing field with significant potential for the treatment of several types of cancer. Continued research and development efforts, as well as the development of new drugs and treatment strategies, are expected to contribute to the growth of the market.

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Key Takeaways:

The global Isocitrate dehydrogenase (IDH) inhibitors market is expected to grow with a 33% CAGR during 2023 to 2033.
Oral route of administration is expected to hold 49% of the market share in 2023 for Isocitrate dehydrogenase (IDH) inhibitors market.
North America is expected to possess 46% market share for Isocitrate dehydrogenase (IDH) inhibitors market in 2023.
Europe Isocitrate dehydrogenase (IDH) inhibitors market size is expected to possess 43% market share in 2023.

“The development of combination therapies and alternative treatment strategies is being explored to further optimize the clinical benefit of IDH inhibitors. This, in turn, is fueling the growth of IDH inhibitors market.” states an FMI analyst

Competitive Landscape:

Key players in the isocitrate dehydrogenase (IDH) inhibitors market are Bayer, Agios Pharma, Daiichi Sankyo, Ohm Oncology, Celgene, Philogen S.p.A., Tragara, Aslan Pharmaceuticals, Pfizer, Inc. and Sun Pharmaceutical Industries Ltd.

Bayer is collaborating with other pharmaceutical companies, such as Agios Pharmaceuticals, in the development of IDH inhibitors. The two companies have a joint development and commercialization agreement for ivosidenib (AG-120), an oral small molecule inhibitor of the mutated IDH1 enzyme, which has been approved by the US FDA for the treatment of relapsed or refractory acute myeloid leukemia (AML) with an IDH1 mutation.
Agios’ Pharma lead IDH inhibitor candidate is ivosidenib (AG-120), an oral small molecule inhibitor of the mutated IDH1 enzyme. Ivosidenib works by inhibiting the production of the oncometabolite 2-hydroxyglutarate (2-HG) and inducing differentiation of leukemia cells. Ivosidenib has been approved by the US FDA for the treatment of relapsed or refractory acute myeloid leukemia (AML) with an IDH1 mutation.

Key Segments:

Type:

IDH1 Mutant Medullary Malignant Tumor
IDH2 Mutant Medullary Malignant Tumor
Peptides
Small Molecule
Others

Molecule Types:

Monoclonal Antibody
Peptides
Small Molecules
Others

Route of Administration:

Oral
Parenteral
Subcutaneous

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Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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 Vaccines Market is poised to witness a 6.6% CAGR aiming for US$ 80.8 Billion by 2033, as per FMI

The global vaccines market size is set to experience unprecedented growth, with a projected compound annual growth rate (CAGR) of 6.6% from 2023 to 2033. Industry experts estimate that the market, valued at US$ 42.7 billion in 2023, will soar to an impressive US$ 80.8 billion by 2033.

As a leading player in the healthcare sector, FMI is strategically positioned to capitalize on this remarkable growth and contribute to the evolving landscape of preventive healthcare. This expansion is driven by innovative advancements, a rising demand for preventive healthcare measures, and a collective commitment to global immunization efforts.

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The company’s proactive approach to staying at the forefront of technological and scientific breakthroughs places it in a unique position to address the changing needs of healthcare consumers. With an unwavering dedication to public health, FMI is committed to playing a pivotal role in ensuring a healthier and more resilient future for communities worldwide.

The projected growth in the global vaccines industry aligns with FMI core values of innovation, quality, and a commitment to public well-being. By leveraging its expertise, resources, and cutting-edge technologies, FMI aims to contribute significantly to global immunization efforts and make a positive impact on public health outcomes.

Moreover, technological advancements like mRNA-based vaccines, recombinant DNA technology, and adjuvant innovations are changing the landscape of vaccine development, making them more efficient and potentially offering better immune responses. This has opened up new possibilities for personalized and precision vaccines, tailoring immunization approaches based on individual genetic makeup.

However, the vaccines market still faces challenges such as vaccine hesitancy, regulatory hurdles, and the high cost associated with vaccine development and manufacturing. Addressing these obstacles requires collaborative efforts from stakeholders, including governments, healthcare providers, manufacturers, and public health organizations.

Increasing vaccinations for children to protect them from numerous diseases including smallpox, jaundice, H1B1, etc. together with expanding healthcare budgets for public welfare programmes are drivers propelling the market.
Covid-19 and other ailments of the twenty-first century have compelled producers to create fresh preventative measures.
The need for vaccines is booming thanks to immunotherapeutic shots, dead-virus vaccines, and vaccines based on genes.
A partnership between the WHO and government agencies to develop novel vaccine technologies.
The future of the vaccines race is anticipated to change as a result of more advanced TB and cancer treatment vaccines. Additionally, vendors of vaccines search for various vaccine manufacturing methods.
Growing public knowledge of the health advantages of vaccines and ongoing research and development initiatives are expected to increase the market size for vaccines.
The implementation of lab automation increases vaccine manufacturing while completing the supply chain thanks to DNA and RNA-based vaccines and their effective and efficient synthesis.

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Key Points:

The United States market leads the space in terms of market share. The market is anticipated to cross a value of US$ 31.4 billion by 2033. The regional market is expected to thrive at a CAGR of 6.6% between 2023 and 2033.
The China market is leading in terms of CAGR. It thrives at a steady CAGR of 8.9% during the forecast period. The market is likely to reach a value of US$ 6.0 billion by 2033. The origin of Covid-19 and enhanced healthcare structure are fuels for regional growth.
Subunit and conjugate are likely to thrive in the Vaccines type category due to their safer and more effective use. It is expected to thrive at a CAGR of 7.3% during the forecast period.
The injectable segment tops the end user tally with a CAGR of 6.7% between 2023 and 2033. The growth is attributed to easy and efficient implementation along with higher effectiveness.

Competitive Landscape:

Key Contributors to the Vaccines Market:

Merck & Co., Inc
GlaxoSmithKline
Pfizer BioNTech
Sanofi SA
CSL Limited
Emergent Biosolutions Inc.
Johnson & Johnson (J&J)
AstraZeneca plc
Bavarian Nordic A/S
Mitsubishi Tanabe Pharma Corporation.
Out of these GSK
Pfizer
Mark
Sanofi

For Instance:

In 2023, Sanofi SA is likely to launch a blood disorder drug for a rare bleeding disorder hemophilia.
Pfizer BioNTech introduced its booster shots as a third primary series dose for kids of 5 years of age that are diagnosed with certain kinds of immuno-compromise.

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Key Segments:

By Vaccines Type:

Inactivated
Live attenuated
Recombinant
Toxoid
Subunit & Conjugate

By Valance:

Monovalent
Multivalent

By Route of Administration:

Injectable
Oral

By Indication:

Influenza
Pneumococcal Diseases
Human Papillomavirus
Meningococcal Diseases
Rotavirus
MMR
Hepatitis
DTP
Polio

By Distribution Channel:

Hospital Pharmacies
Institutional Sales
Retail Pharmacies

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Lumbosacral Radicular Pain Management Market Targets Striking US$1.4 Billion Valuation by 2033

The prevalence of back pain is predicted to rise, medical technology will progress, and patient awareness of treatment options will increase, all of which will contribute to the rapid growth of the global lumbar spinal pain management market sales in the coming years. In 2023 and 2033, the global market for treating lumbar spinal pain is projected to rise at a compound annual growth rate (CAGR) of 5%, according to a recent market research analysis by Future Market Insights.

The increasing prevalence of back pain is one of the primary drivers of the lumbosacral radicular pain management market. Back pain is a common health problem that affects people of all ages and can be caused by a variety of factors, including poor posture, spinal disc degeneration, and muscle strains.

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According to the American Chiropractic Association, back pain is one of the leading causes of disability worldwide, and it is estimated that 80% of people will experience back pain at some point in their lives. This high prevalence of back pain has led to increased demand for effective treatments and therapies for lumbosacral radicular pain management.

Advancements in medical technologies have also contributed to the growth of the lumbosacral radicular pain management market. There have been significant developments in the field of pain management in recent years, with the introduction of new treatments and technologies, such as spinal cord stimulation, radiofrequency ablation, and minimally invasive surgery.

These advancements have enabled healthcare providers to offer more effective and less invasive treatments for lumbosacral radicular pain management, which can help to reduce patient discomfort and recovery time.

Growing patient awareness about the available treatment options is also driving the growth of the lumbosacral radicular pain management market. Patients are increasingly seeking out effective and minimally invasive treatments for their pain, and healthcare providers are responding by offering a range of treatment options to meet their needs.

Lumbar Radiculopathy Therapy, also known as sciatica, is a type of pain that radiates along the sciatic nerve, which runs from the lower back down the back of each leg.

Key Takeaways:

From 2018 to 2022, the Lumbosacral Radicular Pain Management market grew at a CAGR of 3.2%.
The global Lumbosacral Radicular Pain Management market is expected to grow with a 5% CAGR during 2023 to 2033.
As of 2033, the Lumbosacral Radicular Pain Management Market is expected to reach US$ 1.4 Billion.
According to the FMI analysis, the hospital pharmacies segment accounts for the largest market share.
North America is expected to possess 40% market share for the Lumbosacral Radicular Pain Management market.
The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Lumbosacral Radicular Pain Management.” says an FMI analyst

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Market Competition:

Key players in the market include companies such as Competition Deep Dive, Semnur Pharmaceuticals, Inc., Eliem Therapeutics, Forest Laboratories, Medtronic Spinal and Biologics, Teva Pharmaceutical, 3M Company, Ultradent Products Inc., Nobel Biocare Holdings AG, Eli Lilly & Company, along with healthcare providers and technology companies among other global players.

Researchers at the University of New South Wales (UNSW) Sydney and Neuroscience Research Australia (NeuRA) have developed a therapy that focuses on retraining the communication between the back and the brain. In a randomized controlled trial, the treatment was found to be effective in improving chronic back pain. The study, published in the Journal of the American Medical Association, was funded by the Australian National Health and Medical Research Council (NHMRC) and conducted at NeuRA.

The promising results of this study offer a new avenue for treating chronic back pain and improving the quality of life for those who suffer from it. The study was conducted by several universities across Australia and Europe and is a significant breakthrough in the field of pain management. In conclusion, the development of a new therapy for chronic back pain that focuses on retraining the communication between the back and the brain offers hope for millions of people worldwide. The randomized controlled trial conducted by researchers at the University of New South Wales (UNSW) Sydney and Neuroscience Research Australia (NeuRA) demonstrated the effectiveness of this treatment in improving chronic back pain.

Key Segments:

Drug Class:

Cyclobenzaprine
Oxycodone
Tramadol
Gabapentin

Route of Administration:

Oral
Topical

End-User:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

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)

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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Future Market Insights Inc.
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T: +1-845-579-5705

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Savoring Wellness The Growing Demand for Low-Sodium Sea Salt in a Health-Conscious World | FMI

low-sodium sea salt market set projected increase at a 7% CAGR from $118 million in 2023 to $222.3 million in 2033. The desire to lower salt intake in order to lower the risk of hypertension and cardiovascular disease is driven by health concerns associated with high sodium intake.

By 2023 and 2033, the low-sodium sea salt market is expected to be worth US$ 118 million and US$ 222.3 million, respectively. The market is projected to expand at a CAGR of 7% by 2033.

Why is the Demand for Low Sodium Sea Salt Growing Rapidly?

Several factors are rising the demand for low-sodium sea salt are as follows:

Health Consciousness:encouraging customers to lead healthy lives and reducing health concerns like high blood pressure, kidney problems, and heart disease. The demand for low-sodium sea salt is rising in an effort to preserve sodium intake while enhancing food flavour.
Dietary Restriction: To consume the least amount of salt possible, many people follow their diet. For instance, doctors advise patients with illnesses like high blood pressure and hypertension to consume less sodium.
Flavor Enhancement: Low-sodium sea salt is increasingly in demand since it improves the flavour, texture, and taste of food. To reduce the sodium content of their meals, some consumers favour using table salt. To keep your health and wellness, choose this healthier alternative.
Product Availability: High-quality, natural, low-sodium sea salt is being created by businesses to fulfil consumer demand and to be more readily available. To target the right customers, many businesses sell their items in both online and physical stores.

These are a few factors that increase the demand for low-sodium sea salt by enhancing food flavor and evolving culinary trends.

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Key Takeaways:

The low sodium sea salt market is estimated to secure a valuation of US$ 222.3 million with a CAGR of 7% during the forecast period.
Historically, the market secured a valuation of US$ 102.8 million with a CAGR of 2.5% between 2018 and 2022.
The United States is dominating the global market by capturing a share of 17.7% during the forecast period.
Japan is estimated to register a share of 3.2% in the global market by 2033.
With a share of 7.5%, Germany is anticipated to drive the global market during the forecast period.

Strategies Adopted by Players in this Market:

Key players adopted various strategies in the global market are:

Product Innovation: Key players invest a lot in research and development activities to establish new and unique products. They are developing a variety of low-sodium sea salt with unique flavors and tastes, including lemon-infused, to attract consumers.
Partnerships and Collaborations: The key players are expanding their business by collaborating and partnering with food organizations and industries. Through these, they can reach their relevant consumers and increase sales volume. These strategies help them to know about the product, its accessibility, and its visibility.
Health Education: The key players are actively involved in educating their customers about the benefits and advantages of their products. They provide accurate, informative content on the online platform to understand them. These players also visit trade shows and exhibitions to reach relevant audiences.

These are a few strategies the key players are adopting to fuel the global market.

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Recent Developments in the Global Market:

In 2021, RobertBrews launched its new product line of low sodium sea salt by adding new flavors. This product added vegan ingredients and is gluten-free.

Key Companies Profiled:

SaltWorks Inc.
K+S AG
Cargill
ADM
A&B Ingredients
Selina Naturally
INFOSA
Atacama Sea Salt
Solo Sea Salt.

Market by Categorization:

By Product Type:

Wet Sea Salt
Dry Sea Salt

By Form:

Grain
- Coarse
- Semi-Fine
- Fine
Flakes
Spray

By Application:

Water Softener
Water Treatment
De-Icing
Anticaking
Flavoring Agent

By Distribution Channel:

Direct Sales/B2B
HoReCa
Indirect Sales
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Small Groceries
- Wholesale Stores
- Online Retail
- Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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 Lateral Flow Assays Market is forecasting a US$ 6.9 billion future by 2033: Initiating a transformative phase in infectious disease detection | FMI

It is projected that the global lateral flow assays market demand will grow to US$ 6.9 billion by 2033 and US$ 4.3 billion in 2023. Sales of lateral flow assays are expected to increase at a CAGR of 4.7% over the projected period. A summary of some of the factors influencing the need for lateral flow assays is provided below.

The lateral flow assays market has grown and changed significantly in recent years. These tests, also known as immunochromatographic assays or strip tests, are frequently employed in a variety of fields, including veterinary diagnostics, food safety, healthcare, and environmental monitoring. The rising incidence of infectious diseases, the necessity for rapid and point-of-care testing, and the rising demand for user-friendly and affordable diagnostic solutions are the main drivers propelling the growth of this market.

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Because they can deliver prompt and accurate findings, lateral flow tests have become extremely popular in the healthcare industry and are excellent for identifying a variety of infectious disorders, including HIV, malaria, and COVID-19. These tests are also extremely useful in resource-constrained settings and remote locations where access to cutting-edge laboratory facilities may be restricted because to their mobility and ease of usage.

The food safety industry has also embraced lateral flow assays as a rapid and efficient method for detecting contaminants and allergens in food products. These tests help in ensuring food quality and safety by enabling quick and on-site testing, preventing the distribution of contaminated food and potential outbreaks of foodborne illnesses.

Environmental monitoring applications have seen an upsurge in the adoption of lateral flow assays as well. These tests play a crucial role in detecting pollutants, toxins, and hazardous substances in environmental samples, contributing to better pollution control and risk assessment.

The veterinary diagnostics segment is another key area where lateral flow assays are making a positive impact. These tests facilitate the rapid and accurate detection of various animal diseases, enhancing early diagnosis and timely treatment, ultimately leading to improved animal health and productivity.

Key Takeaways:

The Kits & Reagents segment is anticipated to grow at a rapid CAGR of 5.3% during the forecast period.
The clinical testing segment accounted for 90.9% of the lateral flow tests market.
With a lateral flow tests market share of 70.9% in 2020, sandwich assays dominated the lateral flow tests market.
Blood samples were the most preferred, with a 53.1% lateral flow tests market share.
The hospitals and clinics segment was the most favoured, with a lateral flow tests market share of 37.6%.
China, the world’s second-largest economy, is expected to reach a lateral flow tests market size of US$917 million in 2027, with an annual growth rate of 8.8%.
Within Europe, Germany is expected to show a lateral flow tests market growth at a 4.8% compound annual growth rate (CAGR), while the rest of the European market will reach US$917 million by 2027.
The Asia Pacific region is expected to increase at a CAGR of 4.2% during the forecast period.

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Competitive Landscape:

Some companies have increased their lateral flow tests market share through various strategies such as mergers and acquisitions. In contrast, others invent new diagnostic market test methods and provide innovative goods to maintain their market share.

Abbott Laboratories
Becton, Dickinson and Company
Biomérieux SA
Bio-Rad Laboratories
Danaher Corporation
F Hoffmann-La Roche Ltd.
Merck
Quidel Corporation
Siemens Healthineers AG
Thermo Fisher Scientific Inc.

Key Segments Covered in the Market Report:

By Application:

Clinical Testing
Veterinary Diagnostics
Food Safety & Environmental Testing
Drug Development & Quality Testing

By Technique:

Sandwich Assays
Competitive Assays
Multiplex Detection Assays

By Sample Type:

Blood Samples
Urine Samples
Saliva Samples
Others
By Type
Kits & Reagents
Lateral Flow Readers

By End User:

Hospitals & Clinics
Diagnostics Laboratories
Home Care Settings
Pharmaceuticals & Biotechnology Companies
Others

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Barrett’s Esophagus with Dysplasia Treatment Market Foresees 5.3% CAGR Growth from 2023 to 2033

The global Barrett’s esophagus with dysplasia treatment market with dysplasia is expected to develop steadily over the next few years.Its anticipated worth by 2033 is US$ 7.54 million. The main reasons driving the market include advancements in technology that have made Barrett’s oesophagus diagnosis and management easier, as well as an increase in public awareness of the ailment and potential therapies. According to a recent industry study analysis published by Future Market Insights, the global market for Barrett’s oesophagus with dysplasia treatment is expected to develop at a compound annual growth rate (CAGR) of 5.3% between 2023 and 2033.

Barrett’s Esophagus is a condition in which the tissue lining the esophagus is replaced by tissue that is similar to the lining of the intestine. This condition is often a result of long-term acid reflux and can lead to dysplasia, which is the abnormal growth of cells. Dysplasia can be a precursor to esophageal cancer, which makes it important to diagnose and treat Barrett’s Esophagus with Dysplasia as early as possible.

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The treatment options for Barrett’s Esophagus with Dysplasia vary depending on the severity of the condition. For patients with low-grade dysplasia, regular monitoring and surveillance is often recommended. For patients with high-grade dysplasia, endoscopic resection and ablation are common treatment options. Other treatment options include surgery, photodynamic therapy, and radiofrequency ablation.

North America is expected to dominate the global market for Barrett’s Esophagus with Dysplasia Treatment during the forecast period. This is due to the high prevalence of Barrett’s Esophagus in the region, as well as the presence of key players in the market. Europe is expected to hold the second-largest market share during the forecast period, followed by the Asia Pacific region.

Key Takeaways:

From 2018 to 2022, the Barrett’s Esophagus with Dysplasia Treatment market grew at a CAGR of 3.2%.
The global Barrett’s Esophagus with Dysplasia Treatment market is expected to grow with a 5.3% CAGR from 2023 to 2033.
As of 2033, the Barrett’s Esophagus with Dysplasia Treatment Market is expected to reach US$ 7.54 Million.
According to the FMI analysis, the hospitals segment accounts for the largest market share.
North America is expected to possess 40% market share for the Barrett’s Esophagus with Dysplasia Treatment market.
The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Barrett’s esophagus with dysplasia treatment,” says an FMI analyst

Market Competition:

Key players in the market include companies such as Competition Deep Dive, GlaxoSmithKline plc, Novartis AG, Bayer AG, Eli Lilly and Company, Merck & Co., In, AstraZeneca, Johnson & Johnson Private Limited, Cipla Inc., Abbott, AbbVie Inc., along with healthcare providers and technology companies among other global players.

In August 2022, the American College of Gastroenterology has released new guidelines for Barrett’s esophagus, which suggest expanding the screening methods beyond endoscopic procedures, increasing the frequency of surveillance for short-segment Barrett’s esophagus, and implementing volume criteria for endoscopic therapy centers.
These guidelines were developed by a team led by Nicholas J. Shaheen, MD, MPH from the University of North Carolina at Chapel Hill, and cover the definition and diagnosis of Barrett’s esophagus, screenings for esophageal adenocarcinoma, surveillance for known Barrett’s esophagus, and medical and endoscopic treatments for Barrett’s esophagus and early neoplasia.
The authors emphasize that these guidelines should be used as a support for clinical practice and that healthcare providers should take into account patient-specific medical conditions, health status, and preferences to provide patient-centered care.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Barrett’s esophagus with dysplasia treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of type, distribution channel, treatment & region.

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Key Segments:

Type:

Low Grade Dysplasia
High Grade Dysplasia

Treatment:

Endoscopic Resection
Radiofrequency Ablation
Esophagectomy
Photodynamic Therapy
Cryotherapy

Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

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)

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

Contact Us:

Nandini Singh Sawlani

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube