Market Research Blog – Page 3810 – New Product Development

Jordan Faith Based Tourism Market Forecasts a Majestic US$ 756.37 Billion Market, Riding High on a Steady 15.5% CAGR by 2033 | FMI

The Jordan faith-based tourism market is expected to increase from US$ 179.03 billion in 2023 to US$ 756.37 billion by 2033.

The spending power of people has increased, as has internet and credit card penetration, government drives to promote tourism, and the rise of new online segments. Growing population, increasing disposable income, and growing consumer awareness about travel destinations drive the tourism market.

Moreover, low-cost air travel, an increase in leisure travel, and a rise in a variety of international travel destinations are a few more factors that bolster the religious tourism market further. As more segments migrate to digital channels, the online travel market is approaching maturity. Gross reservations for online travel are estimated to expand by double digits, outpacing the overall travel market.

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With the advent of the internet and the rise of artificial reality (AR), the online travel sector in India is fast evolving. An increasing number of people in India are turning to the convenience of the web for better travel pricing and lodgings.

The increasing penetration of international flight and hotel reservations given by online portals such as Clear trip, MakeMyTrip, Yatra, and others may account for most of the increase in the online travel sector.

An increase in user demand is also a factor, as consumers in India are predicted to spend nearly 4% of their disposable income on travel. The mix of travel and transportation offerings, including airport transfers and holiday packages, is significantly expanding.

The government’s regional airport development initiative promotes connectivity to smaller cities and towns, which is the most significant continuing development in India. The burgeoning tourist industry, as well as the rising penetration of internet usage and smartphone users across various countries, are driving the online travel market in India.

Furthermore, expanding urbanization, rising per capita income, economic expansion, and a movement in customer lifestyle toward more enhanced services and comfort are the factors estimated to have a beneficial impact on market growth.

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Key Takeaways

Jordan faith-based tourism market is expected to expand at a CAGR of 15.5% during the forecast period 2023 to 2033.
The rising popularity of diving destinations, new tour launches, personalized trips, and other factors are pushing market sales.

Key Companies Profiled

Jordan Select Tours
Sherazade Travel & Tourism Jordan
Jordan Society of Tour Travel Agents
Zaid Tours and Travel
Jordan Private Tours and Travel
Platinum Travel
UTA Jordan
Jordan Society of Tourism & Travel Agents (JSTA)
Nebo Tours
Jordan Tours & Travel/ Amman
Petra Travel & Tourism Co
Jordan Direct Tours
Dakkak Tours International
Green Meadows Travel & Tourism
AI Tahad Travel & Tours

Key Development

MakeMyTrip introduced the myPartner platform in August 2020 to support travel agents in providing superior travel booking experiences to passengers. MyPartner is a platform designed to give local travel agencies access to one of the most comprehensive collections of online travel inventory. While digitizing the day-to-day booking procedures of all offline travel agents, myPartner was designed and constructed to serve the local travel industry outside of metro areas.
In June 2021, Oyo, along with online travel providers such as Yatra, Airbnb, and EaseMyTrip, formed an organization to investigate the problems encountered by small hotel owners and promote in a country still recuperating from the pandemic, new tourist models are emerging. The Confederation of Hospitality Technology and Tourism Industry (CHATT) is estimated to assist small and medium hotels and homeowners across India in using technology to revitalize their operations.
In 2019, TripAdvisor LLC Expedia Group formed a strategic alliance with Trip.com Group to increase their global collaboration. Through this collaboration, the company hoped to broaden its reach and assist Chinese outbound tourists in organizing more meaningful vacations.
Expedia Group partnered with Chase Card Services in 2018 to improve the Chase Ultimate Rewards travel hub with expanded features, an improved redemption facility, and more options.
Booking.com agreed in October 2022 to hire 100 people for its newly created Centre of Excellence in Bengaluru by the fiscal year 2022.
Thomas Cook (India) Ltd., strengthened its presence in the India market in February 2018 by adding 8 new outlets in 2017, expanding the company’s distribution and reach in South India to 50 customer access centers: 23 owned branches and 27 Gold Circle Partner (franchise) outlets.

Market Segmentation by Category

Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

Booking Channel:

Phone Booking
Online Booking
In-person Booking

Tourist Type:

Domestic
International

Age Group:

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

Consumer Orientation:

Men
Women
Children

Tour Type:

Independent Travelers
Tour Groups
Package Travelers

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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Marine Composites Market Set to Surge with 5.5% CAGR Through 2023-2033

The marine composites market is projected to witness substantial growth, with global demand anticipated to surge to a valuation of US$ 5 billion by the close of 2023 and further escalate to US$ 8.54 billion by 2033, showcasing a robust compound annual growth rate (CAGR) of 5.5% throughout the forecast period from 2023 to 2033. This anticipated expansion underscores the increasing adoption of marine composites across various applications, driven by their lightweight, durable, and corrosion-resistant properties, thereby fueling innovation and development in the marine industry.

The marine composites market has been experiencing robust growth driven by factors such as increasing demand for lightweight and fuel-efficient vessels, stringent regulations regarding emissions and fuel consumption, and growing investment in the marine industry. Composite materials, including fiberglass, carbon fiber, and aramid fiber, are extensively used in boat hulls, decks, masts, and other structural components.

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Regional Analysis:

The marine composites market is witnessing significant growth across regions, with Asia-Pacific emerging as a key market driven by the presence of major shipbuilding nations such as China, South Korea, and Japan. North America and Europe are also prominent markets owing to the strong presence of boat manufacturers and the increasing demand for lightweight and eco-friendly vessels.

Future Outlook:

The marine composites market is poised for continued expansion, fueled by ongoing technological advancements, increasing investment in research and development, and the growing demand for sustainable and high-performance vessels. As composite materials become more cost-effective and recyclable, their adoption is expected to soar across the marine industry, reshaping the future of boat design and construction.

Marine Composites Market: Key Players

Solvay S.A
Teijin Limited
3A Composites
SGL Group
Toray Industries, Inc.
Owens Corning
DuPont de Nemours, Inc.
Mitsubishi Rayon Co.
Hyosung
Zoltek Companies Inc.
Hexcel Corporation
Gurit Holding AG
Koninklijke Ten Cate N.V.

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Key Segments Profiled in the Marine Composites Market Report

By Product Type

Carbon Fibered Reinforced Plastics (CFRP)
Glass Fibered Reinforced Plastics (GFRP)
Foam Core Materials
Metal Composites
Others

By End Use

Sail Boats
Power Boats
Cruise Liners
Jet Boats
Others

By Region

North America
Latin America
East Asia
South Asia and Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltic Countries
Middle East and Africa

About Future Market Insights (FMI)

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

Quinoline Market Expected to Reach US$ 498.1 Million by 2033 with 3.5% Growth

The global quinoline market is poised for substantial growth, projected to surpass a valuation of US$ 353.1 Million by 2023. Fueled by increasing demand across various application segments, this market is expected to maintain a steady upward trajectory, with a moderate growth rate of 3.5%. By 2033, it is anticipated to reach a noteworthy valuation of US$ 498.1 Million, reflecting sustained expansion and opportunities for stakeholders in the quinoline industry.

The quinoline market has witnessed steady growth over the years, propelled by its extensive usage in pharmaceuticals, particularly in the production of antimalarial drugs like chloroquine and quinine. Additionally, the agrochemical sector relies on quinoline derivatives for manufacturing pesticides and herbicides. Moreover, the compound’s applications in the production of dyes, flavors, and fragrances further contribute to its market expansion.

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Key Trends Driving the Market:

Rising Demand in the Pharmaceutical Sector: The pharmaceutical industry remains the primary driver of the quinoline market, with increasing demand for quinoline-based drugs due to their efficacy against various diseases, including malaria, cancer, and microbial infections.
Growing Agrochemical Applications: Quinoline derivatives play a crucial role in formulating agrochemicals such as fungicides, herbicides, and insecticides, contributing to the growth of the agricultural sector worldwide.
Technological Advancements: Ongoing research and development activities focused on enhancing the synthesis processes and improving the efficiency of quinoline derivatives are driving innovation in the market, enabling manufacturers to develop novel products with enhanced properties.
Shift towards Environmentally Friendly Solutions: With growing environmental concerns, there is a notable trend towards the development of eco-friendly quinoline derivatives, aligning with sustainable practices and regulations.

Key Companies Profiled

Merck KGaA
Vijay Chemical Industries
Salvi Chemical Industries
Xiaoyi JinJing Chemical Co., Ltd
Shaedong Aoertong Chemical
Steris PLC
Diversey Inc.
Kao Corporation
KoelColours
Spectra Colors
Sigma Aldrich
Ansteel

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Key Segments Profiled in the Quinoline Market Report

By Type, Quinoline Market is segmented as:

Purity Upto 99%
Purity Above 99%

By Application, Quinoline Market is segmented as:

Dyes
Metallurgical
Pharmaceutical
Pesticides
Cosmetics
Food Additive
Others

By Region

North America
Latin America
Europe
South Asia & Pacific
East Asia
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.

Contact Us:

Nandini Singh Sawlani

Global Psoriatic Arthritis (PsA) Treatment Market to achieve a remarkable US$ 15.6 Billion by 2028, fueled by advancements and patient-focused approaches | FMI

The global psoriatic arthritis (PsA) treatment market is poised for significant expansion, with Future Market Insights, a leading pharmaceutical entity, at the forefront of innovation. According to recent projections, the PsA treatment industry, valued at over US$ 10.3 billion in 2022, is expected to soar to US$ 15.6 billion by 2028, representing a robust compound annual growth rate (CAGR) of 7.1%.

Psoriatic arthritis, a chronic autoimmune disorder often accompanied by psoriasis, poses substantial challenges for patients and healthcare providers alike. However, recent advancements in medical research have paved the way for transformative treatments targeting the underlying immunological dysfunction and inflammation associated with PsA.

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Among these breakthroughs are small molecule targeted therapies, such as Janus kinase (JAK) inhibitors, which have demonstrated promising efficacy in managing PsA symptoms by interfering with specific inflammatory pathways. These medications offer patients alternative options for controlling their condition and improving their quality of life.

“Future Market Insights remains committed to driving innovation in the field of PsA treatment,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “We recognize the urgent need for effective therapies that address the complex nature of this debilitating condition. Through ongoing research and development efforts, we aim to provide healthcare professionals and patients with advanced treatment options that offer tangible clinical benefits.”

The burgeoning demand for PsA treatments reflects both the growing prevalence of the condition and increasing awareness among patients and healthcare professionals. As the market continues to evolve, Future Market Insights is dedicated to leveraging its expertise and resources to deliver innovative solutions that address the unmet needs of individuals living with PsA.

Key Takeaways Psoriatic Arthritis (PsA) Treatment Market:

Psoriatic Arthritis Overview: Psoriatic arthritis (PsA) is a chronic autoimmune disease that primarily affects individuals with psoriasis, a skin condition characterized by red, scaly patches. PsA involves joint inflammation, pain, and stiffness, often leading to joint damage if left untreated.
Market Growth: The global market for psoriatic arthritis treatments has been growing steadily due to the increasing prevalence of psoriatic arthritis cases and the development of more targeted and effective therapies.
Biologic Therapies: Biologic therapies have played a significant role in treating PsA. These are a class of medications designed to target specific components of the immune system that contribute to inflammation. Some commonly used biologics for PsA include TNF inhibitors (e.g., etanercept, adalimumab), IL-17 inhibitors (e.g., secukinumab, ixekizumab), and IL-23 inhibitors (e.g., ustekinumab).
Small Molecule Therapies: In addition to biologics, small molecule therapies have also been developed for PsA. These include Janus kinase (JAK) inhibitors such as tofacitinib, which target specific signaling pathways involved in inflammation.
Combination Therapies: Some patients with PsA may benefit from combination therapies, which involve using different classes of medications together to achieve better control over inflammation and symptoms.
Personalized Treatment: The approach to PsA treatment is becoming more personalized, taking into account factors such as the severity of symptoms, the extent of joint damage, and individual patient preferences. This allows for a more tailored and effective treatment plan.
Pipeline Developments: The pharmaceutical industry continues to invest in research and development to bring new and innovative treatments to the market. New biologics, small molecule inhibitors, and disease-modifying antirheumatic drugs (DMARDs) are being explored to expand the treatment options available for PsA patients.

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Key Companies Profiled:

Pfizer Inc.
Johnson & Johnson
AbbVie Inc.
Amgen Inc.
Bristol-Myers Squibb Company
UCB S.A.
Eli Lilly & Co
Novartis AG
Celgene Corporation
AstraZeneca PLC

Psoriatic Arthritis (PsA) Treatment Market by Category:

Product Type:

Non-steroidal Anti-inflammatory Drugs
Disease Modifying Anti-rheumatic Drugs
- Corticosteroids
- Antimalarial
- Methotrexate
- Others
Biologics
- TNF Inhibitors
- Interleukin Inhibitors

Route of Administration:

Injectable
Oral

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Mail Order Pharmacies

Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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 Onychomycosis Treatment Market is poised for substantial growth, aiming to hit US$ 10,608.8 million by 2033 | FMI

The global onychomycosis treatment market is poised for substantial growth over the next decade, according to a recent market analysis conducted by FMI. The report projects the market to be valued at US$ 4,738.3 million in 2023, with an anticipated compound annual growth rate (CAGR) of 8.4% from 2023 to 2033. By the end of 2033, the market is expected to reach a value of US$ 10,608.8 million.

Onychomycosis, a fungal infection of the nails, has been increasingly prevalent worldwide. Factors such as the rising incidence of diabetes, which heightens the risk of nail fungal infection, have been significant contributors to the expansion of the onychomycosis treatment market. Additionally, the growing aging population, particularly susceptible to circulatory issues and with weakened immune systems, has fueled the demand for effective treatment options.

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Adults and millennials, due to lifestyle factors such as increased usage of public swimming pools and exposure to tight, dirty, or infected clothing, socks, and shoes, are also highly vulnerable to onychomycosis. This demographic trend further underscores the need for innovative treatment solutions to address the growing prevalence of this condition.

“We anticipate significant growth in the global onychomycosis treatment market over the coming years,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “As the incidence of nail fungal infections continues to rise, driven by factors such as diabetes prevalence and lifestyle habits, there is a pressing need for advanced treatment options. Our report provides insights into emerging trends and opportunities within the market, enabling stakeholders to make informed decisions and capitalize on this growing sector.”

FMI offers comprehensive market research and analysis services to businesses seeking to navigate the dynamic landscape of the healthcare industry. For more information on the latest trends and projections in the onychomycosis treatment market.

Top Highlights from the FMI’s Analysis of the Onychomycosis Treatment Market:

The United States market in North America is leading the regional market, with an estimated market share of more than 26.5% in 2023.
Germany has the leading market share in Europe. FMI has assessed that the value share of Germany is going to be more than 6% in 2023.
The Japanese market gathered a market share of 3.8% in 2022.
The Chinese and Indian markets are expected to register a CAGR of 13.2% and 10.8%, respectively, over the forecast period.
The United Kingdom market is projected to expand at a CAGR of 6.7% from 2023 to 2033.
Based on treatment, the drugs segment is anticipated to gain more than 59.4% market share in 2023.
Under the end user, the institutional sales segment is projected to gain a value share of more than 61.2% in 2023.

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Key Companies Profiled:

Teva Pharmaceutical Industries Ltd.
Sanofi S.A.
Medimetriks Pharmaceuticals, Inc.
Galderma
Johnson & Johnson
Novartis AG
Moberg Pharma AB
Cardinal Health, Inc.
Pfizer Inc.
Almirall, S.A.
Bayer AG
Viatris Inc.
GlaxoSmithKline plc
Cipla Ltd.
Dr. Reddy’s Laboratories Ltd

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Key Segments in The Global Onychomycosis Treatment Industry:

Treatment Type:

Drugs
Lasers
Photodynamic Therapy

Disease Indication:

Distal Subungual Onychomycosis
White Superficial Onychomycosis
Proximal Subungual Onychomycosis
Candidal Onychomycosis
Total Dystrophic Onychomycosis

Age Group:

0 to 18 Years
18 to 39 Years
40 to 64 Years
65 Years & Above

Region:

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

About Future Market Insights (FMI)

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

Thermal Pallet Covers Market Growth: Industry Anticipated 4-6% CAGR by 2031

Thermal pallet covers, also known as insulated pallet covers or thermal blankets, are protective coverings designed to provide thermal insulation and protection to palletized goods during storage and transportation. These covers are used to maintain consistent temperature levels, prevent heat loss or gain, and protect sensitive products from temperature fluctuations, extreme weather conditions, and other environmental factors.

According to a recent research analysis, the demand for Thermal Pallet Covers Market is projected to witness a notable expansion, with a growth rate estimated to range between 4.0% and 6.0% throughout the forthcoming forecast period spanning from 2021 to 2031.

The increasing prominence of industries such as chemicals, pharmaceuticals, food, and various others is anticipated to serve as a significant catalyst for the heightened demand for this specialized type of covering in the forthcoming decade. As these industries continue to evolve and expand, the need for reliable thermal protection solutions for palletized goods becomes increasingly paramount, driving the demand for thermal pallet covers.

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Growth Factors

The expanding food and beverage industries are poised to drive increased demand in the forthcoming years, as many food and beverage products necessitate secure and protective packaging solutions during transportation.

Moreover, the imperative for precise temperature regulation within packaging presents substantial opportunities for Thermal Pallet Covers within the food and beverage sectors. Inadequate packaging during transportation can lead to significant losses for companies, as compromised product quality may result in rejections back to manufacturers.

Similarly, various chemicals mandate specific temperature-controlled conditions throughout transportation and storage. Given the reactivity and volatility of certain chemicals in standard environmental conditions, specialized packaging is essential for their safe transportation.

Key features and uses of thermal pallet covers:

Insulation: Thermal pallet covers are typically constructed using insulating materials such as foam, bubble wrap, reflective foil, or thermal liners. These materials help create a barrier that minimizes heat transfer, thereby maintaining the desired temperature within the covered palletized goods.
Temperature Control: Thermal pallet covers help regulate temperature levels, keeping the contents of palletized goods within a specified temperature range. This is particularly important for temperature-sensitive products such as pharmaceuticals, food and beverages, chemicals, and electronics.
Protection: In addition to thermal insulation, thermal pallet covers provide protection against moisture, dust, UV radiation, and other environmental hazards. They help shield palletized goods from external elements, ensuring product integrity and quality during storage and transportation.
Versatility: Thermal pallet covers are available in various sizes, shapes, and configurations to accommodate different types of pallets and cargo. They can be used with standard pallet sizes such as Euro pallets, CHEP pallets, and GMA pallets, as well as custom-sized pallets.

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Key Players

Softbox Systems Ltd.
Protek Cargo Srl
QProducts & Services
Nordic Cold Chain Solutions
Polar Tech IndustriesInc.
Orion Plastics
Insulated Products Corporation
COMBITHERM A/S
ECOCOOL
ECEPLAST
TP Solutions
Pallet Wrapz Inc.
Zhejiang Pengyuan New Material Co. Ltd.
Suzhou Star New Material Co. Ltd.
Hangzhou Qiyao New Material Co. Ltd.
TLX Cargo
Others.

Key Segments

By Type:

Standard Pallet
Airfreight Pallet

By Usage:

Single Use
Multiple Use

By End User Industry:

Pharmaceutical and Medical
Food & Beverages
Chemicals
Others

By Region:

North America
- U.S.
- Canada
Latin America
- Mexico
- Brazil
- Rest of Latin America
Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Russia
- Rest of Europe
South Asia
- India
- ASEAN
- Australia & New Zealand
East Asia
- China
- Japan
- South Korea
Middle East and Africa
- GCC Countries
- Turkey
- S. Africa
- Northern Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Explosive Growth Predicted for Therapeutic Nuclear Medicines Market is projected to increase US$ 1.84 Billion by 2028 | FMI

The global therapeutic nuclear medicines market is poised for remarkable growth, with projections indicating a surge from a valuation of US$ 1 billion in 2022 to an impressive US$ 1.84 billion by 2028. This trajectory represents a robust Compound Annual Growth Rate (CAGR) of 10.6%.

Therapeutic nuclear medicines constitute a rapidly expanding segment within the broader nuclear medicine field, playing a pivotal role in the diagnosis and treatment of various medical conditions. This specialized sector revolves around radiopharmaceuticals, which are radioactive chemicals utilized for therapeutic purposes. These innovative drugs empower medical professionals to precisely target and treat specific disease areas within the body, such as tumors or hyperactive thyroid glands, through intravenous or oral administration.

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One of the standout advantages of therapeutic nuclear medicines lies in their capacity to deliver targeted and localized therapies while minimizing harm to surrounding healthy tissues. By leveraging radiation therapy with pinpoint accuracy, these medicines maximize the likelihood of positive treatment outcomes while mitigating adverse side effects. Notably, therapeutic nuclear medicines extend their efficacy beyond addressing cancer-related bone pain and hyperthyroidism, encompassing a spectrum of other medical conditions.

“This projected growth underscores the increasing significance of therapeutic nuclear medicines in modern healthcare,” remarked Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The precision and efficacy offered by these advanced treatments are reshaping the landscape of medical care, promising new avenues for combating a wide array of ailments.”

As the demand for targeted and minimally invasive medical interventions continues to soar, the therapeutic nuclear medicines market stands poised for substantial expansion, driving innovations that hold the potential to revolutionize patient care worldwide.

Key points about the therapeutic nuclear medicines market include:

Radiopharmaceuticals: Radiopharmaceuticals used in therapeutic nuclear medicine are typically made up of a radioactive isotope (e.g., iodine-131, lutetium-177, yttrium-90) combined with a carrier molecule that helps target specific cells or tissues. These radiopharmaceuticals are administered to patients either orally or intravenously.
Cancer Treatment: One of the most significant applications of therapeutic nuclear medicine is in the treatment of cancer. Radiopharmaceuticals can be used to deliver targeted radiation therapy to cancerous cells, minimizing damage to surrounding healthy tissues.
Hyperthyroidism Treatment: Radioactive iodine-131 is commonly used to treat hyperthyroidism by selectively destroying overactive thyroid tissue.
Bone Metastases: Radiopharmaceuticals like strontium-89 and samarium-153 are used to treat bone metastases, providing pain relief and reducing bone-related complications in cancer patients.
Growing Market: The therapeutic nuclear medicines market has been experiencing growth due to advances in radiopharmaceutical development, increased adoption of targeted therapies, and a growing prevalence of diseases such as cancer. The market is also benefiting from improved imaging and diagnostic techniques.
Regulatory Oversight: The use of radioactive materials in medicine is tightly regulated by health authorities in various countries to ensure patient safety and minimize radiation exposure. Radiopharmaceutical production facilities and healthcare institutions that use these therapies must adhere to strict quality and safety standards.

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Key Companies Profiled:

Bayer AG
GE Healthcare
Novartis AG
Cardinal Health Inc.
Mallinckrodt plc.
Lantheus Medical Imaging Inc.
Bracco Imaging S.p.A
Eckert & Ziegler
Curium Pharma
International Isotopes Idaho, Inc.
Medi-Radiopharma Co., Ltd.

Key Segments of Therapeutic Nuclear Medicines Industry Survey:

Therapeutic Nuclear Medicines Market by Treatment:

Radium-223
Iodine-131
Leutitium-177
Yttrium-90
Samarium-153
Strontium-89
Rhenium-188+Rhenium-186
Erbium- 169
Phosphorous-32
Others

Therapeutic Nuclear Medicines Market by Indication:

Prostate Cancer
Painful Bone Metastases
Thyroid Cancer
Neuroblastoma
Synovitis
Non-Hodgkin’s Lymphoma
Hepatic Metastases
Brain Tumour
Others

Therapeutic Nuclear Medicines Market by Distribution Channel:

Hospitals
Ambulatory Surgical Centers
Cancer Research Institutes

Therapeutic Nuclear Medicines Market by Region:

North America Therapeutic Nuclear Medicines Market
Latin America Therapeutic Nuclear Medicines Market
Europe Therapeutic Nuclear Medicines Market
East Asia Therapeutic Nuclear Medicines Market
South Asia & Pacific Therapeutic Nuclear Medicines Market
Middle East & Africa (MEA) Therapeutic Nuclear Medicines Market

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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

Global Bioimpedance Devices Market Predicted to Surge, Reaching US$ 715.1 Million by 2028 | FMI

The global bioimpedance devices market is set to experience significant growth in the coming years, with sales expected to soar from US$ 492.1 million in 2022 to a projected US$ 715.1 million by 2028. This growth represents a robust Compound Annual Growth Rate (CAGR) of 6.4%, according to recent market research.

Bioimpedance devices, a vital segment within the medical technology sector, are designed to measure and analyze the body’s electrical impedance for various healthcare applications. With the capability to provide valuable insights into an individual’s physiological composition, these devices have gained traction for their non-invasiveness and versatility.

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The applications of bioimpedance devices span across multiple medical specialties, including cardiology, body composition analysis, fitness tracking, and hydration management. As healthcare professionals increasingly recognize the importance of obtaining accurate and non-invasive measurements, the demand for bioimpedance devices is expected to escalate.

“The global bioimpedance devices market is witnessing a remarkable surge in demand, driven by the growing emphasis on preventive healthcare and personalized medicine,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “These devices offer invaluable data that empower healthcare professionals to make informed decisions, monitor patients’ health status, and optimize treatment strategies.”

Key factors fueling the growth of the bioimpedance devices market include technological advancements, rising healthcare expenditure, and increasing awareness about the importance of maintaining optimal health and fitness levels. Moreover, the integration of bioimpedance technology into wearable devices and portable healthcare solutions is expected to further propel market expansion.

In light of these trends, industry players are focusing on innovation and strategic collaborations to capitalize on emerging opportunities in the bioimpedance devices market. Companies are investing in research and development initiatives to enhance the accuracy, usability, and connectivity of bioimpedance devices, catering to evolving consumer preferences and healthcare needs.

As the global healthcare landscape continues to evolve, bioimpedance devices are poised to play a pivotal role in facilitating early disease detection, monitoring chronic conditions, and promoting overall well-being. With continued advancements in technology and increasing adoption across various healthcare settings, the bioimpedance devices market is primed for sustained growth in the years ahead.

Key Takeaways Bioimpedance Devices Market:

Definition of Bioimpedance Devices: Bioimpedance devices are medical instruments that measure the impedance (resistance and reactance) of biological tissues to assess various physiological parameters. These devices use electrical currents at different frequencies to gather information about body composition, fluid levels, and other health-related metrics.
Applications:
- Body Composition Analysis: Bioimpedance devices can estimate body fat percentage, lean body mass, and hydration levels, which are crucial for assessing overall health and fitness.
- Edema Monitoring: These devices are used to monitor changes in extracellular fluid levels, aiding in the management of conditions like congestive heart failure and kidney diseases.
- Nutritional Assessment: Bioimpedance measurements can provide insights into nutritional status, helping clinicians design appropriate dietary plans.
- Athletic Performance: Athletes use bioimpedance devices to track changes in muscle mass and fluid balance, optimizing training and recovery strategies.
Types of Bioimpedance Devices:
- Single-Frequency Devices: These devices operate at a fixed frequency and are simpler, often used for basic body composition measurements.
- Multi-Frequency Devices: These devices use multiple frequencies to provide more accurate and detailed measurements of various body compartments.
- Segmental Devices: Some bioimpedance devices can measure impedance in specific body segments, offering insights into regional variations in body composition.
Market Growth Drivers:
- Rising Health Awareness: Growing awareness about the importance of maintaining a healthy lifestyle has driven the demand for tools that provide accurate health assessments.
- Aging Population: The aging global population has increased the need for medical devices that can monitor conditions related to age, such as fluid retention and muscle loss.
- Sports and Fitness Industry: The fitness and sports sectors use bioimpedance devices to track progress and tailor training regimens.

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Top Companies Profiled:

General Electric Company
Omron Corporation
Fresenius Medical Care
ImpediMed Limited
SELVAS AI Inc.
Tanita Corporation
RJL Systems, Inc.
Maltron International Ltd.
Bodystat Limited
SMT Medical GmbH

Bioimpedance Devices Market Segmentation:

Product Type:

Single-frequency Bioimpedance Devices
Multiple-frequency Bioimpedance Devices

Modality:

Wired Bioimpedance Devices
Wireless Bioimpedance Devices

End Users:

Hospitals
Specialty Clinics
Rehabilitation Centers
Others

Region:

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

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About Future Market Insights (FMI)

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

Spirulina Powder Market Harnessing Health Trends and Global Demand for Plant-Based Supplements | FMI

The spirulina powder market In 2023, the valuation is US$ 472.67 million. Growing demand for nutrient-dense plant-based supplements is expected to propel the spirulina powder market to a US$ 777.18 million valuation by 2033. Throughout the projected period from 2023 to 2033, the market is anticipated to grow at a CAGR of 6.4%.

Globally, vegetarian athletes use spirulina, a blue-green algae that thrives in freshwater conditions, as one of the most widely used supplements. The vegan fitness community is paying attention to it because of its superfood status and its anti-inflammatory properties.

With the emergence of nutraceutical enterprises, it is anticipated that the market for spirulina powder would expand over the coming years. Spirulina powder can be used to address malnutrition, food shortages, and other relevant concerns that lead to food crises in impoverished countries. Spirulina powder is being promoted by several government programmes as a result of these benefits.

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Spirulina powder, which has many medicinal properties as well, is mainly consumed by individuals who are on a weight-loss diet. The protein content along with other minerals and vitamins make spirulina powder a great substitute for chemical steroids and supplements. Spirulina powder can be easily obtained from leading health food stores, e-Commerce businesses, and specialty supplement shops.

Conventional spirulina powder is obtained from the artificial cultivation of spirulina in microclimatic conditions. This type of spirulina powder is relatively cheaper, easily available, and more edible as compared to its organic counterpart. Conventional-type powder dominates the global market with a share of 59.1%.

“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Spirulina Powder Market Report

Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder industry
China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder industry with a 72.9% global revenue share.
Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.

Recent Developments in the Spirulina Market

To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.

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Key Market Players

Clos Sainte Aurore
Spirulina Viva
SPIFORM
Spirulina La Capitelle
Aurospirul
Far East Microalgae Industries Co., Ltd
Fuqing King Dnarmsa Spirulina Co. Ltd.
DIC Corporation
Cyanotech Corporation
C.B.N. Bio-engineering Co., Ltd
Yunnan Green A Biological Project Co., Ltd
Jiangshan Comp Spirulina Co. Ltd
Inner Mongolia Rejuve Biotech Co., Ltd.
Zhejiang Binmei Biotechnology Co., Ltd.
Bluetec Naturals Co., Ltd.
Taiwan Chlorella Manufacturing Company
Roquette Klötze GmbH & Co. KG

Market Segmentation:

By Nature:

Organic
Conventional

By Application:

Food & Beverage
Dietary Supplements and Pharmaceuticals
Animal & Aquaculture Feed Cosmetics and Personal Care
Others

By Sales:

Channel
Direct Sales
Retail Sales
Modern Trade
Specialty Stores
Pharma & Drug Stores
Online Retail
Other Retailing Formats

By Region:

North America
Europe
Latin America
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.

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Nandini Singh Sawlani
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Global Neurosurgery Surgical Power Tools Market is projected to grow at a 4.5% CAGR, hitting an impressive US$ 1.99 Billion by 2032, according to FMI

The global neurosurgery surgical power tools market is on the brink of remarkable growth, with forecasted figures projecting a surge to over US$ 1.99 billion by the year 2032. This anticipated expansion highlights an impressive Compound Annual Growth Rate (CAGR) of 4.5%, painting a promising outlook for industry stakeholders and healthcare professionals alike.

Neurosurgery surgical power tools play a pivotal role in both the healthcare sector and the field of neurosurgery. Specifically designed to aid neurosurgeons in performing intricate procedures on the nervous system and brain, these specialized tools are indispensable in modern medical practices. The continuous innovation and development of new tools and equipment have significantly contributed to the expansion of the neurosurgery surgical power tools market.

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A wide array of instruments tailored to meet the unique demands of neurosurgical procedures are available in the market. These include ultrasonic aspirators, microsaws, high-speed drills, and various other precise tools, each designed to enhance surgical precision and patient outcomes.

“The projected growth of the global neurosurgery surgical power tools market underscores the increasing demand for advanced tools in neurosurgical interventions,” commented Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “As technology continues to evolve, we anticipate further innovations that will revolutionize neurosurgical procedures, ultimately benefiting patients worldwide.”

As the industry continues to expand, stakeholders, including manufacturers, healthcare providers, and regulatory bodies, are poised to collaborate in driving innovation, ensuring patient safety, and meeting the growing demands of neurosurgical practices globally.

Key components of the neurosurgery surgical power tools market include:

Surgical Drills: These are high-speed drills used to create holes in the skull or vertebrae during procedures like craniotomies or spinal surgeries.
Surgical Saws: Saws are used for cutting bone during procedures such as craniotomies, laminectomies, or tumor resections.
Ultrasonic Aspirators: These devices use ultrasonic energy to break down and aspirate (suction) tissue, especially in brain tumor resections.
Neuroendoscopes: Neuroendoscopic procedures involve the use of tiny cameras and specialized instruments to access and treat conditions within the brain or spinal cord through minimally invasive approaches.
Electrocautery Devices: These devices use electrical currents to coagulate blood vessels, control bleeding, and cut tissue during neurosurgical procedures.
Microsurgical Instruments: These precision instruments, including forceps, scissors, and dissectors, enable neurosurgeons to work on intricate structures with high precision.
Cranial Stabilization Devices: These tools help keep the patient’s head stable during neurosurgical procedures.

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Competitive Landscape:

Some of the key players featured in the neurosurgery surgical power tools market report are

Stryker Corporation,
ADEOR MEDICAL AG
AYGUN CO., INC
Braun Melsungen AG
De Soutter Medical
Johnson & Johnson Services, Inc.
ACRA-CUT Inc.
KARL STORZ SE & Co. KG
Medtronic plc

Segmentation:

The neurosurgery surgical power tools report offers a comprehensive taxonomy of neurosurgery surgical power tools market based on product type, end user and region.

The neurosurgery surgical power tools are used for various procedures such as skull-based surgeries, craniotomies, etc.
The major end users of neurosurgery surgical power tools market are hospitals and neurosurgical centers. Based on product type, the global neurosurgery surgical power tools market is segmented into pneumatic neurosurgical drills and electrical neurosurgical drills.
The neurosurgery surgical power tools market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).

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About Future Market Insights (FMI)

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