Market Research Blog – Page 3827 – New Product Development

Malignant Pleural Effusion Market Set to Surpass US$ 8.06 Billion Valuation by 2033

The size of the worldwide malignant pleural effusion market is anticipated to rise between 2023 and 2033 at a compound annual growth rate (CAGR) of 6%. Forecasts state that the value of the global market will reach US$ 8.06 billion in 2033 and US$ 4.5 billion in 2023.

According to the Future Market Insights historical analysis, the global malignant pleural effusion market registered a CAGR of 4% from 2018 to 2022. The growth of the market in the current evaluation period is expected to fuel due to the increasing incidence of pleural effusion disease and rising awareness of advancement in pleural effusion treatment with different types of techniques.

Clinical examinations and procedures are rapidly carried out to diagnose the condition, which helps various medical professions in making additional and efficient decisions about medicine, testing, and recuperations. Such aforementioned factors are likely to accelerate market expansion throughout the projection period. Recent epidemiological data from WHO suggest that approximately more than one million pleural effusions are diagnosed in the United States each year.

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Numerous factors such as awareness and health, diagnostics, and pathology segments are improving in developing countries nowadays which grows the therapeutics market. The research and development activities in the field like emerging novel therapeutics, increasing the efficacy of medicine as well as treatment. In addition to that, selling campaigns initiated by global players are growing the market progressively. Increasing focus by government organizations and private agencies like WHO and pharmaceutical companies to create awareness of pleural effusions is fuelling market growth.

Report Highlights

The surging prevalence of malignant pleural effusion disease is one of the greatest drivers of the global malignant pleural effusion market. Various types of research were conducted over recent years, in order to find a correlation between the virus infection and pleural effusion.

The expensive treatment of Malignant Pleural Effusion, less awareness of Malignant Pleural Effusion disease, and insubstantial treatment options are hampering the market growth.

Recent Developments

The article “Prevalence and Clinical Outcomes of Pleural Effusion in Covid-19 Patients: A Systematic Review and Meta-Analysis” published in January 2022 showed that pleural effusion is related to the risk and prognosis of Covid-19 disease.

Pleural effusion is likely to be utilized as a prognostic indicator in order to assess the likelihood of poorer outcomes within sick patients. As a result, the researchers of the above-mentioned research article advised that hospitalized Covid-19 patients with pleural effusion be handled promptly. Considering these in-depth studies, the pandemic showed a considerable impact on the market studied.

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Competitive Landscape

Key players operating in the global malignant pleural effusion market comprise of Allakos, iCo Therapeutics, Akari Therapeutics, and Santen.

In September 2021, BDR Pharma launched BIAPENEM to treat patients with intra-abdominal infections, lower respiratory infections, or complicated urinary tract infections. Biapenem is widely distributed and penetrates well into various tissues (e.g. lung tissue) and body fluids (e.g. sputum, pleural effusion, abdominal cavity fluid).

In April 2022, the study titled “IFN-γ Combined with T Cells in the Treatment of Refractory Malignant Pleural Effusion and Ascites” was registered in ClinicalTrials.gov for Malignant Pleural Effusion.

More Insights into the Malignant Pleural Effusion Market

The Asia Pacific region is anticipated to dominate the global malignant pleural effusion market over the assessment period. The region is expected to grow with a CAGR of 5%. The growth of the market is likely to surge owing to the increasing awareness, significant increases in healthcare spending, and a rising frequency of malignant pleural effusion in the region.

Asia Pacific is a dominant market due to the increase in point care approach to health & care. An increasing number of hospitals in India and China makes a promising market for the Pleural effusions treatment market worldwide.

The North American region is likely to acquire a market share of about 45% during the assessment period. The growth is attributed to the rising prevalence of pleural effusions in the region. An article published by WebMD LLC in October 2021 stated that approximately 1.5 million pleural effusions are diagnosed in the United States every year and in industrialized countries, the estimated prevalence of pleural effusion is 320 cases per 100,000 people.

Key Segments:

By Diagnosis:

Imaging Tests
Pleural Thoracentesis
Pleural Fluid Cytology
Immunohistochemical Tests
Pleural Biopsy
Thoracoscopy/Pleuroscopy

By End User:

Hospitals
Ambulatory Clinics
Others

By Treatment:

Systemic Therapy
Therapeutic Thoracentesis
Thoracic Drainage and Pleurodesis
Indwelling Pleural Catheter

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.

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Fava Bean Protein Market Segments, Opportunity, Growth and Forecast by End-use Industry

The market for fava bean protein is anticipated to grow at a CAGR of 4.2% throughout the forecast period, rising from US$ 56.79 billion in 2022 to US$ 85.69 billion by 2032.

The Fava Bean Protein Market is experiencing significant growth as consumer demand for plant-based protein alternatives surges worldwide. Fava beans, also known as broad beans, are rich in essential nutrients and offer numerous health benefits, attracting health-conscious consumers and vegans alike. The market is witnessing an influx of innovative products such as fava bean protein isolates, concentrates, and protein-enriched snacks, catering to various dietary preferences and applications.

Furthermore, consumer demand is shifting from food products with protein to those with high-quality proteins. This is contributing to the adoption of novel products such as fava bean protein, in the vegan food industry.

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Fava beans, historically, witnessed limited demand in the animal feed additives industry, mainly due to the presence of anti-nutritional factors (ANFs) such as vicine and convicine (VC), glycosides, and tannins. However, recent advancements in plant breeding techniques have enabled scientists to reduce the amount of ANFs in fava beans and extract high-quality fava bean protein.

Today, the demand for fava bean proteins as meat substitutes has increased not only in the animal nutrition industry but also in the commercial food & beverage applications. Food manufacturers are increasing the adoption of botanical ingredients in the manufacturing of plant-based proteins and other ingredients. The changing consumer perception about vegetarian ingredients is mainly attributed for this.

Boosting Extraction of Fava Bean Protein Concentrates to Improve Quality

Fava beans are being preferred by manufacturers over other plant-based protein sources such as soy protein ingredients and pea protein, due to their low cost, high protein content, and less allergenicity. Furthermore, while pea proteins and wheat proteins have a significant share in the vegetable- or plant-based protein market, manufacturers are focusing on diversifying their protein portfolio by resorting to innovative sources. This is expected to encouraging plant protein manufacturers to enter the fava bean protein landscape in the coming years.

Growing need for high-quality plant-based proteins is boosting the utilization of novel protein sources such as fava beans, in the extraction of protein concentrates. Processing, nutritional, and specialty needs of consumers are dictating the upcoming strategies of manufacturers and other stakeholders in the fava bean protein landscape. Taking into consideration the consumer inclination towards pulses as a healthier choice of plant-based protein source, market players are adopting innovative methods of extracting fava bean protein concentrates.

Furthermore, growing awareness about the health benefits of fava bean is expected to bolster extraction of fava bean protein concentrates. Innovation in fava bean protein powders in terms of their texture, nutrition, and savory profile is expected to emerge as a popular trend in the market. In the coming years, a mounting number of market players are expected to introduce textured fava bean protein to add more propositions to their product portfolio and explore more profitable sales possibilities in the food & beverage industry.

Competition Getting Intense in the Fava Bean Protein Landscape

Leading players in the fruit & vegetable ingredients industry and plant-based proteins market are noticing the increasing popularity of fava bean protein as a high-demand ingredients in various food applications. Recognizing that the consumption of plant-based proteins is no longer limited to vegan consumers, a mounting number of ingredient manufacturers are expanding their presence in the fava bean proteins landscape.

In November 2019, Vestkorn – a leading European producer of ingredients from peas and beans – announced that it has launched its new products including textured pea protein and textured fava bean protein. The company also announced that the textured fava bean proteins are manufactured by processing dry, extracted fava bean without using any chemicals, which makes its new products sustainable.

In July 2019, Australian Plant Proteins (APP) – a leading Australian manufacturer of plant-based protein powders – announced that Scalzo Foods – a Melbourne-based food manufacturing company – finalized its investment in APP’s commercial plant protein-extraction facility at Horsham in Victoria’s Wimmera region. The company also declared that its initial focus for commercial manufacturing will be on faba beans and the plant is estimated to use around 20 kilo tons of fava beans every year, as at least 4.5 kilograms of fava beans are required to produce 1kg of fava bean protein powder.

In November 2018, Puris – a U.S.-based, family-owned food company – announced that it has introduced PURIS fava bean protein while accelerating the production of its non-GMO and organic plant proteins with the completion of a newly expanded second spray dryer. The company declared that the Puris fava bean protein will enter markets in 2019, and it can be used as a plant-based ingredient in a wide range of food applications including dry beverage bars and blends and plant-based alternatives to meat.

With a mounting number of new entrants and leading manufacturers in the fava bean protein landscape, the competitive environment is expected to get more intense with time. Manufacturers are likely to scale up their production while bolstering research & development to boost innovation, in order to gain competitive advantages in the fava bean protein market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Revolutionizing Beverage Choices: The Sweet Success and Growing Trend of Zero Sugar Beverages Globally | FMI

The global zero sugar beverages market projected to reach US$ 3.3 billion in 2023 and is expected to grow at a 14.7% CAGR to reach US$ 13.2 billion by 2033. Because of premiumization, there is now less of a divide between upscale and mainstream markets, giving all customers access to distinctive and cutting-edge goods. This trend favors sugar-free beverage producers, as customers increasingly value and invest in products offering genuine benefits and added value.

Future Market Insights (FMI) believes that the global market for zero-sugar beverages will probably be worth US$ 3,328 million by 2023. With a 14.7% CAGR, it is expected to accelerate from 2023 to 2033. By 2033, the global market is expected to be worth roughly US$ 13,150.6 million.

The premiumization process has reduced the gap between upmarket and mainstream markets. All clients can now buy distinctive and innovative products.

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There is a growing trend among consumers to opt for beverages made from natural ingredients without any added sugar. There is also an observable shift toward consuming natural food additives and sugar substitutes.

To cater to the increasing demand for sustainable beverages, manufacturers are creating products with natural ingredient compositions and reduced processing. This is evident through the labeling of beverages as ‘no added sugar,’ ‘zero sugar,’ ‘light,’ and ‘diet,’ which aid consumers in making informed buying decisions.

Leading companies often introduce new products featuring unique flavors and promote them as either a ‘new edition’ or a ‘limited edition.’ This marketing strategy generates excitement and anticipation among consumers even before the product is released, which can benefit the product’s reception in the market.

For example, Coca-Cola launched a Grammy-nominated Marshmello-inspired limited edition zero-sugar Coca-Cola drink in June 2022. This new product featured a blend of natural flavors, including strawberry and watermelon. This approach allows companies to not only promote their brand but also generate interest in their latest offerings.

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Key Takeaways from the Zero Sugar Beverages Market Report:

The zero sugar beverages industry witnessed moderate growth at a CAGR of 12.5% between 2018 and 2022.
Based on the sales channel, the retail sales segment is expected to hold the lion’s share in the evaluation period.
North America is currently at the top in terms of the global zero sugar beverages industry share.
The global zero sugar beverages industry is set to exceed a value of more than US$ 13,150.6 million by 2033.

“It is anticipated that consumers will use plant-based sweeteners such as stevia and monk fruit more frequently. These provide a healthy, calorie-free substitute for conventional sweeteners. The market is also set to experience surging product innovation. Leading businesses are getting ready to introduce fresh flavors and useful components to appeal to consumers who are health-conscious.” – Says a lead analyst.

Competitive Landscape

The competitive landscape is fueled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.

Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.

Key Industry Developments:

In February 2023, using 1 billion probiotics and prebiotics, Cove Gut Healthy Drinks introduced Cove Gut Healthy Soda. It is a sugar-free and functional soda. There are three flavors of Cove Soda: orange, grape, and lemon-lime. The product line, which is reportedly the first to hit the market in Canada, is manufactured with organic ingredients. It also includes a natural plant sweetener that mixes prebiotics with probiotics to improve gut health.
In July 2022, a sugar-free cola-flavored drink was planned to be introduced by China-based beverage giant Genki Forest. The new beverage has passed its final internal tests and will go on sale as soon as the first of August, with an early release scheduled for online retail sites. This action indicates that the soft drink entrant will be competing with Coca-Cola and Pepsi’s premium product lines. The secret to this product is the development of an internal sterile carbonic acid manufacturing plant.

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Get More Valuable Insights into the Zero Sugar Beverages Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global zero sugar beverages industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the global zero sugar beverages market based on product type (juices, sparkling soft drinks, energy drinks, sports drinks), sales channel (B2B/HoReCa, retail sales), and region.

Zero Sugar Beverages Market Outlook by Category

By Product Type:

Juices
Sparkling Soft Drinks (SSD)
- Cola
- Other Flavors
Energy Drinks
Sports Drinks

By Sales Channel:

B2B/ HoReCa
Retail Sales
- Supermarket/ Hypermarket
- Convenience Stores
- Food & Drink Specialty Stores
- Traditional Grocery Stores
- Pharmacies/ Drug Stores
- Franchise Outlets
- Online Retail

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Oncolytic Adenovirus Market Targets Staggering US$ 250 Billion Valuation by 2033

The oncolytic adenoviruses market is expected to grow at a 7.5% compound annual growth rate (CAGR) between 2023 and 2033, according to Future Market Insights. By 2033, it is projected that the market for oncolytic adenoviruses would be valued at US$ 250 billion . Major manufacturers’ increased investments in oncolytic adenovirus research and medicine development may be the reason for the market’s growth.

The COVID-19 pandemic affected the development of the oncolytic adenovirus owing to the disruption in the research and development of medication. Lack of funds and access to resources to develop and innovate therapies is affecting the growth of the market. On the other hand, post-pandemic, the increasing use of technology in the formation of therapies is positively influencing the growth of the oncolytic adenovirus market.

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The prevalence of people being affected by cancer in North America and Asia Pacific is a key driver for the growth of the oncolytic adenovirus market. Increasing healthcare expenditure and integration of technology to understand the nature and effect of oncolytic adenovirus is propelling the growth of the overall market. In the upcoming forecast period, funding by government and non-government organizations is expected to drive the overall growth of the market.

Key Takeaways :

The oncolytic adenovirus market is expected to possess 7.5% CAGR in the forecast period 2023-2033
By application, lung cancer is expected to possess 35% market share for oncolytic adenovirus in 2023.
North America is expected to possess 43% market share for Oncolytic adenovirus market in 2023.
Asia Pacific oncolytic adenovirus market size is expected to possess 39% market share in 2023.

“Growing prevalence of cancer amongst all age groups along with technological integration to create therapeutic medication is creating lucrative opportunities for oncolytic adenovirus market.” states a FMI analyst

Competitive Landscape

Key players in the oncolytic adenovirus market are Amgen, Sorrento Therapeutics, Transgene SA, Oncolys BioPharma, Targovax, Lokon Pharma, Vyriad, TILT Biotherapeutics, CG Oncology Inc, VCNBiosciences, DNAtrix, Replimune Group Inc

Lokon Pharma AB is a Swedish biotech company developing the LOAd platform of oncolytic adenoviruses genetically engineered to express immunostimulatory genes in malignant tumors and tumor stroma.

TILT Biotherapeutic’s head of R&D Riikka Havunen was awarded oral presentation “Oncolytic adenoviruses armed with tumor necrosis factor alpha and interleukin-2 enable treatment of solid tumors with T cell therapies” at the 16th Cancer Immunotherapy Annual Meeting in Mainz, Germany in May 2018.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Oncolytic adenovirus market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (HSV-based Oncolytic Viruses, Adenoviruses-based Oncolytic Viruses, Others), Application (Melanoma, Prostate Cancer, Breast Cancer, Ovarian Cancer, Lung Cancer, Others), regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments :

Type:

HSV-based Oncolytic Viruses
Adenoviruses-based Oncolytic Viruses
Others

Application:

Melanoma
Prostate Cancer
Breast Cancer
Ovarian Cancer
Lung Cancer
Others

Author By:

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

About Future Market Insights (FMI)

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Necrobiosis Lipoidica Diabeticorum Market Envisions Surpassing US$ 8.06 Billion Milestone by 2033

It is estimated that the necrobiosis lipoidica diabeticorum (NLD) market would be worth US$ 4.5 billion in 2023 and US$ 8.06 billion in 2033, with a compound annual growth rate (CAGR) of 6% between 2023 and 2033. Necrobiosis Lipoidica Diabeticorum (NLD) developed at a compound annual growth rate of 4% between 2017 and 2022.

Necrobiosis Lipoidica Diabeticorum (NLD) is a rare and chronic skin condition that primarily affects individuals with diabetes. This market focuses on therapeutic interventions and innovations aimed at managing and treating Necrobiosis Lipoidica Diabeticorum, addressing the unique challenges posed by this dermatological complication of diabetes.

As the prevalence of diabetes continues to rise globally, the Necrobiosis Lipoidica Diabeticorum Market plays a crucial role in developing advanced treatment options and therapies to enhance the quality of life for affected individuals. The market’s goal is to provide effective solutions for the management of NLD, addressing not only the dermatological aspects but also considering the underlying diabetic condition.

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Diabetes’ rising prevalence can be attributed to the expansion of the Necrobiosis Lipoidica Diabeticorum (NLD) business. According to the International Diabetes Federation, diabetes would be responsible for 6.7 million deaths by 2021. Diabetes is becoming more common in places such as the Middle East and Asia Pacific, fueling the development of NLD. Growth is expected to be bolstered as a result of the presence of untapped growth potential in quickly rising MEA and Asian economies, as well as improved diabetes awareness in these regions.

Key Takeaways :

The Necrobiosis Lipoidica Diabeticorum (NLD) market increased at a 4% CAGR from 2017 to 2022.
The global market for Necrobiosis Lipoidica Diabeticorum (NLD) is predicted to increase at a 6% CAGR from 2023 to 2033.
The market for Necrobiosis Lipoidica Diabeticorum (NLD) is estimated to reach $8.06 billion by 2033.
Hospitals have the biggest market share, according to the FMI research.
North America is estimated to have 34% of the market for Necrobiosis Lipoidica Diabeticorum (NLD).
With a CAGR of 5% during the forecast period, the Asia Pacific market is expected to grow significantly throughout the projected period.

“Various factors such as awareness in wellness and health, the diagnostics, and pathology segment are improving in the developing countries nowadays which grows the therapeutics market. The research and development activities in the field like emerging novel therapeutics, increasing the efficacy of medicine as well as treatment.” says an FMI analyst.

Market Competition

Key players in the Necrobiosis Lipoidica Diabeticorum (NLD) market are ALexicare Pharma, Andréas Astier, Mayo Clinic, AbbVie Inc, Merck & Co., Inc., Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., Pfizer, Novartis AG, and GlaxoSmithKline Plc.

Basilea Pharmaceutica Ltd revealed today good topline findings for the Phase III ERADICATE study, investigating ceftobiprole in the treatment of adult patients with Staphylococcus aureus (SAB) bacterial bloodstream infections.
Paladin Labs Inc., a subsidiary of Endo International PLC, launched Xydalba (dalbavancin for injection) in January 2022, a 30-minute intravenous (IV) therapy for acute bacterial skin and skin structure infections (ABSSSI) that can be given in a single or two-dose regimen.

More Insights Available

Geographically, the necrobiosis lipoidica treatment market is concentrated in developed regions, such as North America and Europe, where there is a higher prevalence of the disease due to the higher incidence of diabetes in these regions. However, the market is expected to grow in emerging economies such as India and China, as the prevalence of diabetes increases in these regions.

Overall, the necrobiosis lipoidica market is small but growing, and is expected to continue to grow in the coming years as more treatment options become available and the prevalence of the disease increases.

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Key Segments Profiled in the Necrobiosis Lipoidica Diabeticorum (NLD) Industry Survey:

Procedure:

Treatment
- Corticosteroid Creams
- Injected Corticosteroids
- Drugs that Suppress the Immune System
- Anti-inflammatory Drugs
- Medicines that Improve Blood Flow
- Hyperbaric Oxygen Therapy
- Phototherapy
- Laser Therapy

Test Type
- Punch Biopsy
- Glucose Tolerance Test

Application:

Hospitals
Ambulatory Clinics

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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

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Website: https://www.futuremarketinsights.com
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Hypophosphatasia Treatment Market Aims for Striking US$ 26.27 Million Valuation by 2033

In 2023, the global hyperphosphatasia treatment market is expected to be worth US$ 16.13 million. Due to rising alcohol use, the overall demand for hypophosphatasia treatment is expected to expand at a 5.0% CAGR between 2023 and 2033, reaching a peak value of US$ 26.27 million by that year.

Furthermore, factors such as increased government and non-profit initiatives in various countries to improve public awareness about rare diseases result in a gradual increase in the diagnosis rate of unusual diseases. As a result, important variables such as favourable reimbursement policies and government finance for treatment in industrialised countries are increasing the rate of acceptance of this therapy. As a result, these factors are expected to add to the market’s revenue share throughout the forecast period.

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Other factors that are expected to drive market growth include an increase in the incidence of rare diseases globally, an increase in the demand for Hypophospatasia Drugs to improve the treatment of rare diseases, and an increase in government spending on healthcare infrastructure, such as favourable reimbursement for HPP. Furthermore, the increased availability of HPP therapies and the increased use of HPP drugs influence the market’s revenue share.

Moreover, focus on importance of patient safety, increase in the population, growth of awareness, improved healthcare infrastructure, and less stringent guidelines for rare diseases positively affects the growth of the hypophospatasia market. Also, advancements in the HPP therapy as well as government support for treatment extend profitable opportunity to the market players during the analysis period.

Key Takeaways :
•Global hypophospatasia treatment market was valued at US$ 15.36 Million by 2022-end
•From 2018 to 2022, the market demand expanded at a CAGR of 2.6%
•By Type, the Odontohypophospatasia segment of the market constitutes the bulk of the market with a market share of 48%
•By Treatment Type, the Medication segment dominates the market with a share of 47%
•From 2023 to 2033, Hypophospatasia Treatment sales are expected to flourish at a CAGR of 5.0%.
•By 2033, the market value of Hypophospatasia Treatment is expected to reach US$ 26.27 Million.

“An upsurge in financial support to researchers for developing new innovative drugs for treatment of hypophospatasia, coupled with strong product pipeline are expected to fuel the hypophospatasia treatment market over the analysis period,” remarks an FMI analyst.

Competitive Landscape:
Prominent players in the hypophospatasia treatment market are Kirin Holdings Company, Vericel Corporation, Mereo BioPharma Group plc., Novartis AG, AM Pharma B.V., Alexion, Bayer AG, Enobia Pharma, and Pfizer, Inc., among others.

Recent Developments:
•In November 2022, Rallybio, together with its partner Exscientia, has been working toward the selection of a small molecule development candidate to advance into the clinic targeting ENPP1 for the treatment of patients with hypophospatasia (HPP).
•Significant progress has been made to identify a lead compound and generate mouse in vivo biomarker evidence to support modulation of on-target activity.
Through this collaboration with a leading global HPP expert, in vivo efficacy data is expected in the second half of 2023. Following those results, both companies expect to commence investigational new drug (IND)-enabling studies.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global Hypophosphatasia Treatment Market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Hypophospatasia Treatment Market, the market is segmented on the basis of type, treatment type, and end user, across seven major regions.

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Key Segments :

Hypophospatasia Treatment Market by Type:
•Odontohypophospatasia
•Pseudohypophospatasia

Hypophospatasia Treatment Market by Treatment Type:
•Medication
oAsfotase Alfa
oNon-steroidal Anti-inflammatory Drugs
oCalcitonin
oStrensiq
•Surgery

Hypophospatasia Treatment Market by End User:
•Hospitals
•Pharmacies
•Others

Author By:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Baby Bottle Market in Indonesia Soars: Industry worth US$ 101,780.2 by 2033

The demand for Baby Bottle Market in Indonesia stood at US$ 55,038.5 thousand at the close of 2022, with an expected Year-on-Year (Y-o-Y) growth of 5.1% in 2023. Notably, the polycarbonate segment, categorized by material type, held a significant share of over 50.4% in value in 2022. This underscores the prominence of polycarbonate baby bottles in the Indonesian market.

Baby Bottle Market in Indonesia reached a valuation of US$ 57,862.4 thousand in 2023, with a projected growth to US$ 101,780.2 thousand by 2033. Anticipated to expand at a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2033, the market reflects a positive trajectory.

This market overview explores the key factors driving Baby Bottle Market in Indonesia, including the rising birth rate, changing consumer preferences, and innovations in baby bottle design and materials. Additionally, it delves into the competitive landscape, regulatory considerations, and emerging trends shaping the dynamics of the baby bottle market in Indonesia.

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Upcoming Opportunities

Leading players in the baby bottle industry are poised to innovate by developing distinctive designs and utilizing advanced materials to enhance the safety and functionality of baby bottles. This strategic focus on innovation aims to provide parents with novel solutions that prioritize the well-being and convenience of both babies and caregivers.

The industry is witnessing a growing emphasis on sustainability, compelling companies to explore and introduce new baby bottles crafted from eco-friendly raw materials. This eco-conscious approach aligns with global efforts to promote environmentally friendly practices and reduce the environmental impact of baby products, showcasing a commitment to sustainability in the manufacturing of baby bottles.

Market Key Factors

Prominent baby bottle suppliers in Indonesia are poised to prioritize an enhanced feeding experience for both infants and parents. Anticipated innovations include the incorporation of anti-colic vents in bottle designs, aiming to reduce air intake during feeding and thereby minimizing colic and discomfort for babies. Additionally, the introduction of self-warming bottles is on the horizon, offering convenient temperature regulation and eliminating the need for external heating devices.

The industry is witnessing the emergence of smart bottles featuring temperature sensors and monitoring capabilities. This innovation is expected to empower parents by enabling them to track feeding patterns and monitor their baby’s fluid intake more effectively.

Government initiatives are slated to play a crucial role in bolstering the baby care sector in Indonesia. The government’s support is expected to create a favorable business environment for manufacturers, encouraging investments and fostering innovation within the sector through the implementation of policies, incentives, and regulations, consequently driving overall growth.

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Key Market Players

Pigeon Corporation
Tupperware
Cussons Baby
Medela AG
Farlin
Lusty Bunny
PT. Dodorindo Jaya Abadi
Baby Huki Corporation
Baby Safe

Segmentation

By Capacity:

Up to 90 ml
91 ml to 180 ml
181 ml to 270 ml
271 ml to 360 ml
361 ml and Above

By Material Type:

Polycarbonate
Polypropylene
Stainless Steel
Glass
Silicone

By Sales Channels:

Modern Trade
Departmental Stores
Convenience Stores
Specialty Stores
Mono Brand Store
Online Retailers
- Direct to Customer
- Indirect to Customer
Drug Stores
Other Sales Channel

By Price Range:

Low (Below 5 US$)
Mid (Between 5 to 10 US$)
High (Above 10 US$)

By Sub-region:

Sumatra
Java
Kalimantan
Nusa Tenggara
Sulawesi
Maluka Islands
Papua (Western New Guinea)

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Diindolylmethane Market Study Providing Information on Key Players, Growth Drivers and Industry opportunity

The diindolylmethane market is anticipated to reach US$ 7.1 billion in 2032 and develop significantly between 2022 and 2032, at a CAGR of 2.9%. It is projected that the market will benefit from the growing international popularity of natural compounds derived from plants. Future Market Insights (FMI) estimates that the market will be worth US$ 4.8 billion in 2022.

Diindolylmethane, commonly known as DIM, is a natural compound gaining significant traction in the global market. Derived from cruciferous vegetables like broccoli and cauliflower, DIM is renowned for its potential health benefits, particularly in hormone balance and cancer prevention. The increasing focus on preventive healthcare and growing awareness of natural supplements have propelled the demand for DIM-based products, including supplements and topical creams.

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Diindolylmethane Market is a product of an acid-catalyzed reaction of indole-3-carbinol, which is naturally present in cruciferous vegetables such as broccoli, Brussels sprouts, cabbage, kale, cauliflower, etc. Structurally diindolylmethane is a dimeric compound and has two indole groups attached to a methane group.

Diindolylmethane is also termed DIM. Diindolylmethane is widely used to avoid the risk of getting cancer as a preventive measure. It has anti-tumor properties. Since, the plant-based natural ingredients have increased popularity in the market, diindolylmethane has high demand as it is natural and plant-based chemical. The manufacturers of diindolylmethane in the global market are providing their products with various claims such as non-GMO, organic, dairy-free, egg-free, corn-free, soy-free, nut-free, etc.

Various Health Benefits of Diindolylmethane and Diindolylmethane Supplements to Drive the Sales of the Products in the Global Market

Global diindolylmethane market is majorly driven by the increasing consumption of health supplements around the world. With the increase in the rate of prevalence of the diseases in the due to the adoption of sedentary lifestyle is leading to the increased health concerns. Sedentary lifestyle is observed more in the North American and European region due to the ease of day-to-day activities.

While the same lifestyle is being adopted rapidly in the Asian and Middle East and African countries due to increasing adoption of Western style life. The rate of diseases such as cancer, obesity, diabetes, heart diseases are seen to be increasing around the world. Diindolylmethane is believed to show anti-cancerous property and is used as a preventive measure and an adjuvant treatment in the breast, uterine, and colorectal cancer. Diindolylmethane supplements are also used for its anti-inflammatory, antiviral, antibacterial, and hormone-balancing action. The supplementation of diindolylmethane has potent effect on estrogen metabolism and is widely used to deal with the variety of health issues such as acne, PMS, hormonal health, etc.

Diindolylmethane Market: Regional Analysis

North American and European region occupies majority of the share in the global diindolylmethane market at present. The market in the North America and Europe is supported by the presence of big and established health supplements manufacturers. In the global diindolylmethane market, Asia Pacific is expected to report highest CAGR over the forecast period. The increase in the middle class population, increase in the income of the middle class population, increasing consumer’s purchase power is expected to result in the increase in the consumption of health and dietary supplements.

Diindolylmethane Market: Key Participants

Some of the market participants in the Diindolylmethane market are:

Now Health Group, Inc.
Source Naturals
Nature’s Way
SD Pharmaceuticals
Nutricost
Genestra Brands
Pure Bulk
Adrana LLC
Jarrow Naturals
Solaray
VitaSolutions
BioResponse Nutrients
Pure Organics
Nutri Advanced Ltd.

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Diindolylmethane Market Segmentation

On the basis of form, the diindolylmethane market can be segmented as:

Dry
Liquid

On the basis of nature, the diindolylmethane market can be segmented as:

Organic
Conventional

On the basis of source, the diindolylmethane market can be segmented as:

Broccoli
Kale
Cauliflower
Others

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Copovidone Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

During the projected period of 2022–2032, the global copovidone market is anticipated to rise at a CAGR of roughly 9%–10%, a phenomenal rate of growth. Copovidone sales are anticipated to increase due to a rise in the need for non-toxic, pharmaceutically inactive thickening and binding agents across a variety of industries.

Copovidone, also known as polyvinylpyrrolidone (PVP/VA), is a synthetic polymer widely used in the pharmaceutical and cosmetic industries. Its versatile applications in the formulation of tablets, capsules, and creams have driven the Copovidone Market’s growth.

As a tablet binder, copovidone has better plasticity than povidone. The product is also more elastic, less hygroscopic and better for film-forming applications than povidone. These properties have given copovidone a slight edge over other polymers, which has attracted keen interest from industrial consumers. As copovidone has an exceptional binding capacity, it is used in direct compression tableting as a dry binder and gelatin capsules as a soluble binder. These attractive properties make it cost-effective and attractive substitute to natural adhesives. However, growing inclination toward natural products could hinder the growth of the market. It is generally regarded as nontoxic. However, oral consumption in excess may result in stomach ache, and more, which could very well hamper the growth of the market.

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Increased Demand from Pharmaceuticals is Contributing Significant Growth

Favourable government policies and regulations are expected to drive the copovidone market. The U.S. FDA (Food and Drug Administration) has approved the use of chemical for various, and it is usually considered safe. The approval from the U.S. FDA has enlarged the adoption of copovidone in multiple industries. It is extensively used in food, pharmaceuticals, cosmetics industries, and more. Owing to its numerous application across various industries, copovidone is expected to thrive in the years to come. The world copovidone market is increasing rapidly owing to the increased demand coming from multiple end users. Across all the industries, the pharmaceutical is producing maximum demand, followed by food and beverages. Other industries such as cosmetics, personal care, and adhesives are expected to contribute well to the growth of the market in the years to come.

Global Copovidone Market – Key Players:

Key market players identified in the global copovidone market include BASF SE, Ashland, Boai NKY Pharmaceuticals Ltd. Nanhang Industrial, Zhangzhou Huafu Chemical Industry Co.,Ltd., Hangzhou Motto Science & Technology Co. Ltd., SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD., SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD., Huangshan Bonsun Pharmaceuticals Co., Ltd., Merck KGaA, among others.

Copovidone Market – Market Segmentation:

By Function, the Copovidone market is segmented into:

Granulating Agent
Retarding Agent
Film-forming Agent
Lubricant
Thickening Agent
Dispersant
Binding Agent
Emulsifying Agent
Fining Agent
Blocking Agent

By Form, the Copovidone market is segmented into:

Liquid
Powder
Others

By Grade, the Copovidone market is segmented into:

Food Grade
Pharmaceutical Grade
Industrial Grade

By End-use, the Copovidone market is segmented into:

Food and Beverage
Cosmetics
Personal Care
Shampoo
Toothpaste
Shaving Lotion
Moisturizer
Pharmaceuticals
Ointments
Pessaries
Surgical Scrubs
Contact Lenses
Adhesives
Glue Stick
Hot-melt Adhesives
Batteries
Ceramics
Fiberglass
Inkjet Paper
Alcohol
White Wine
Beer
Water Treatment

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Medical Device Packaging Market in Southeast Asia: Industry Size Anticipating US$ 3,477 million by 2033

Anticipated trends in the adoption of Medical Device Packaging in Southeast Asia are poised to demonstrate a robust compound annual growth rate (CAGR) of 5.6%. The medical device packaging sector is projected to witness substantial expansion, with an estimated increase from US$ 2,022 million in 2023 to an impressive US$ 3,477 million by 2033. Notably, Southeast Asia’s medical device packaging sales attained a value of US$ 1,911 million in 2022, and the outlook for 2023 anticipates a year-on-year (Y-o-Y) growth rate of 5.6%.

The Southeast Asia Medical Device Packaging Market is a critical sector within the broader healthcare industry, dedicated to ensuring the safe and sterile packaging of medical devices. Packaging for medical devices not only safeguards the integrity of the products but also plays a crucial role in meeting regulatory standards, maintaining product efficacy, and minimizing the risk of contamination. As the healthcare landscape in Southeast Asia undergoes rapid advancements, the demand for specialized and compliant medical device packaging solutions continues to grow.

Manufacturers are actively introducing diverse technologies, including peel/seal technology and tampering technology, in their product offerings. Their goal is to provide convenient products while emphasizing security measures. Solutions such as uniquely numbered/serialized 2D barcodes, UV ID codes, holograms, or hidden text printed with security or magnetic inks are employed to ensure comprehensive protection and safeguard against tampering or counterfeiting.

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Government Drives Local Medical Innovation

The IPI-DE serves as a repository of essential data and patent information, readily accessible to small and medium-sized businesses (SMEs) that are engaged in the development of new technologies. By providing these resources, the Thai government aims to stimulate innovation within Thai medical device companies, fostering their growth and expansion both domestically and internationally. These endeavors reflect a commitment to advancing the medical device industry within Southeast Asia and promoting self-reliance in innovation and technology development.

While Southeast Asian governments have been taking proactive steps to promote local innovation, the development of medical devices in the region is still in its nascent stages. These governments are making consistent efforts to drive innovation, such as the government of Thailand, which is striving to bolster research and development activities in the medical device sector. This initiative is part of the new Thailand 4.0 development model and involves the establishment of an Intellectual Property Innovation-Driven Entrepreneurship Center (IPI-DE).

The Southeast Asia medical device packaging market is influenced by several drivers and restraints that impact its growth and development.

Latest Trends

Stringent quality assurance and product integrity: Ensuring the highest standards of quality and product integrity is paramount in industries where safety is a critical concern. Adherence to rigorous quality control measures and industry standards is crucial to guaranteeing the effectiveness and safety of products, thereby driving the demand for advanced packaging solutions.

Rising demand for sustainable packaging solutions: A growing emphasis on environmental sustainability and eco-friendly practices is propelling the need for innovative packaging materials and techniques in various industries. Companies are increasingly adopting packaging solutions that not only ensure product safety but also align with eco-conscious consumer preferences.

Expanding e-commerce and logistics requirements: The surge in online retail and global supply chains has amplified the importance of robust packaging solutions. Packaging plays a pivotal role in protecting products during transit, reducing the risk of damage, and ensuring the efficiency of supply chain operations. As e-commerce continues to grow, there is an escalating demand for packaging innovations that cater to the unique challenges posed by the digital retail landscape.

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For instance,

In March 2023, Synthetics Innovate revealed a strategic investment of $3.5 billion in the establishment of a state-of-the-art Synthetic Materials Innovation Hub. In April 2023, NexGen HealthTech completed the acquisition of Zenith Medical Packaging, bolstering its medical device packaging portfolio across the Asia Pacific region. In May 2023, OmniPack Solutions unveiled its acquisition of InnovateFlex, a dynamic packaging solutions provider catering to diverse sectors, including cosmetics, pharmaceuticals, and food and life sciences.

Key Players

Huhtamaki Oyj
WestRock Company
Berry Global, Inc.
Tekni-Plex, Inc.
DuPont Inc
Graphic Packaging International, Inc.
Amcor Plc
Sonoco Products Company
Amcor plc
Berry Southeast Asia, Inc.
Huhtamaki Oyj
PAXXUS PTE LTD
Graphic Packaging International, Inc.
DuPont Inc
Steripack Group
ZACROS Group
Tekni-Plex, Inc.
Stora Enso Oyj
WestRock Company
Constantia Flexibles Group GmbH

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Segmentation by Category

By Material:

Plastic
- PE
- PP
- PET
- PVC
- Bioplastics
- Others (PA, EVOH)
Aluminum
Glass
Tyvek
Paper & Paperboard
- Coated
- Uncoated
Others (Fabric, Silicon, Etc.)

By Packaging Format:

Bags & Pouches
Films & Wraps
Lids
Rollstock
- Top and Bottom
- Forming Webs
Containers
Trays
Stick Packs
Clamshell
Blister Packs
Boxes
Others

By Class:

Medial Class 2
Medical Class 3

By Application:

Surgical Device
Therapeutic Equipment
Monitoring & Diagnostic Equipment
Disposal Medical Supplies
- IV Catheters
- IV Sets
- Syringes
- Scalp vein sets
- Drapes
- Gowns
- Gloves
- Wound Care
- Filter/Tubes

By Country:

Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
Burma (Myanmar)
Cambodia
Brunei
Timor-Leste
Laos

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