Market Research Blog – Page 3837 – New Product Development

Astaxanthin Market Future Innovation Ways, Growth & Profit Analysis, Forecast By 2033

The global astaxanthin market is predicted to register a robust CAGR of 14.9% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 910.3 million in 2023 to US$ 3,636.8 million by 2033 end.

Demand for astaxanthin is projected to rise on account of its multiple applications in nutraceuticals, pharmaceuticals, feed industries, etc. Moreover, the distinct color and properties of astaxanthin are also propelling its demand in food coloring, commercial aquacultures, and other applications.

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New technologies emerging in the market to propel the production of astaxanthin are expected to enhance the market scope over the forecast period, for example, ALGAMO, which produces astaxanthin via micromodules and photobioreactors. The company is focusing on the minimization of water wastage and saving electricity during the production of astaxanthin. Going forward, research and studies carried out to develop astaxanthin with the help of different technologies by promoting economic and technical feasibility are projected to have a positive influence over the market.

The market is projected to witness strategic initiatives by key players for the launch of novel platforms and products, consequently offering lucrative growth opportunities, especially in emerging economies. In April 2021, for instance, Näck, a Swedish-Indian startup introduced its digital wellness platform, along with Immunity Boost, which is a lineup of two herbal products made of natural astaxanthin and real vegan protein powder.

The evolving consumer demand for innovative and sophisticated food items is gaining momentum. In addition to this, consumers are now knowledgeable about the relationship between food and health and water–energy–food nexus. This is causing a ripple effect in the food industry, wherein companies are now making efforts to enhance their sustainability quotient while producing food that is functional, nutritious, and sustainable. Such trends are expected to foster development in the astaxanthin industry.

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Top Highlights from the FMI’s Analysis of the Astaxanthin Market:

The United States market is projected to yield a sizeable amount of market revenue, i.e., US$ 838.70 million by 2033 end. Over the forecast period, the market is expected to register a 15.8% CAGR.
The United Kingdom is slated to be the second-leading market over the forecast period. The market is expected to generate a revenue of US$ 296.8 million by 2033, exhibiting a CAGR of 15% in the meantime.
Another Europe country, i.e., Germany, is forecasted to attain US$ 266.60 million by 2033 end. In the forecast period, the market is assumed to expand at 13.7% CAGR.
China market, a prominent market in the Asia Pacific region, is projected to hold a significant portion of the regional market. By 2033, China market is estimated to attain US$ 161.50 million. Over the upcoming years, the market is predicted to expand at 12.8% CAGR.
The market in Spain is expected to yield US$ 85.60 million by 2033. The market is projected to exhibit a CAGR of 12.2% over the forecast period.

New Developments as Observed by FMI

Beijing Gingko Group unveiled in April 2022 that it is expanding its astaxanthin farm capacity for the second time in the Pristine region over the last two years. This development is geared to enhance the company’s production capacity.
Lehmann&Voss&Co., which is a prominent nutraceutical distributor in the United Kingdom, launched a new AstaPure natural astaxanthin CWD in April 2021. The product plays a crucial role in cardiovascular disorders treatment.

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Key Segments

By Form:

Powder
Liquid

By Grade:

> 98%
95-97%
< 94%

By Source :

Natural
- Crustaceans
- Microalgae
- Paracoccus carotinifaciens
- Yeast/ Fungi
Synthetic

By Production Technology:

Chemical Synthesis
Natural Extraction

By Application:

Aquaculture
Dietary Supplements
General Wellbeing
Eye Health
Brain Health
Immune & Digestive Health
Bone & Joint Health
Heart Health
Other Supplements (Weight Loss, Allergies, etc.)
Food & Beverages
Personal Care & Cosmetics
Skin Care
Hair Care
Pet Food
Eye Health
Brain Health
Immune & Digestive Health
Bone & Joint Health
Animal Feed
Pharmaceuticals
Others

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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Standcap Pouch Market Anticipating 7% CAGR by 2031: Exclusive Research Report

The Standcap pouch is a revolutionary packaging solution that combines the convenience of a pouch with the functionality of a stand-up container. It features a unique design with a flexible body and a sturdy base that allows it to stand upright on store shelves or countertops, making it convenient for consumers to access and use its contents.

The global Standcap Pouch Market is anticipated to witness robust growth, with a projected compound annual growth rate (CAGR) of 7% during the forecast period. This growth trajectory is driven by several factors, including increasing consumer demand for packaged goods and a growing preference for standcap pouches over traditional packaging formats.

One of the standout features of the Standcap pouch is its innovative dispensing closure, which consists of a flip-top cap and a self-sealing valve. This closure mechanism provides easy access to the product while also preventing spills and leaks, enhancing both convenience and cleanliness for consumers.

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Growth Factors

Standcap pouches are innovative and versatile packaging solutions characterized by their simplicity, lightweight construction, and inverted bag design, which facilitates mess-free distribution and creates an immediate shelf impact. In comparison to traditional rigid packaging formats such as metal cans and glass bottles, standcap pouches offer several advantages, including reduced material usage, lower shipping and transportation costs, and lighter weight.

Designed to stand upright on their bottom, standcap pouches provide a flexible packaging format that is suitable for storing, displaying, and dispensing a wide range of products. Their lightweight and compact design make them convenient to ship, particularly when compared to bulkier alternatives like glass jars, rigid bottles, or aluminum cans, making them a preferred choice for consumer packaged goods manufacturers.

Standcap pouches serve as effective marketing tools for packaged goods manufacturers, allowing them to differentiate their products on store shelves and capture consumer attention. The larger surface area of these pouches provides ample space for high-quality branding and imagery, enabling brands to create eye-catching designs that appeal to customers, especially in fast-paced retail environments like convenience stores and supermarkets, where purchasing decisions are made quickly.

Key Players

Glenroy Inc.
Volpak
Aptar
Viking Masek
Uncle Dougie LLC.
Through a strategic collaboration between Glenroy
VOLPAK
Aptar
Viking Masek

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Key Segments of Standcap Pouch Market Covered in the Report

By Material:

Plastic
Bio plastic
Metal
Others

By End-Use:

Food
Beverages
Pharmaceuticals
Personal Care
Chemicals
Others

By Region:

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

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Travelers Identity Protection Services Market Poised for a Resilient 8.7% CAGR, Targeting a Market Valuation of US$ 23,056.4 Million by 2033 | FMI

The global travelers identity protection services market is anticipated to create an absolute dollar opportunity over the forecast period from 2023 to 3033 by registering a CAGR of 8.7%. The global market is estimated to garner a revenue of US$ 10,011.4 Million in 2023 and is expected to be around US$ 23,056.4 Million by 2033. Millions of travelers globally have suffered as a result of the growing identity cloning trend. According to a recent study presented by the Federal Trade Commission, more than 8 million Americans become victims of identity theft each year.

According to the latest updates, the travelers’ identity protection services market has witnessed staggering and unparalleled growth rates in the past few years and has been experiencing an upward trend ever since.

Identity theft is a growing social ill that has a debilitating impact on the world economy and is a problem for the tourism sector. The travel industry depends heavily on expensive and innovative technologies, which are primarily employed to enhance service levels. A lot of third-party online sites for travel purposes have emerged. Numerous financial and commercial organizations located all over the world have been destroyed by this new crime trend.

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In order to safeguard travelers from potential identity theft, identity protection services have been devised. Travelers can choose from a variety of reliable identity protection options on the market. Although identity protection services are cutting-edge, they cannot offer a traveler a true sense of security. The market for these services is thus accelerating with time.

Key Takeaways

In today’s tech-savvy world, the service industry has significantly accelerated and the travel industry is a crucial part of it and is highly dependent on the same. These days, majority of the people prefer convenience and speed over all other factors.
This led to a spike in the demand for online facilities, thereby offering opportunities for the agencies to scale up and enabling them to improve customer experiences. Therefore, a great number of online facilities for travel purposes were introduced to improve customer satisfaction.
Gradually, these online transactions became a major source of fraud, data breaches, identity cloning, etc. With this, a dire need for theft protection services was felt. Such risk concerns are among the major contributors to the rapid expansion of this industry.
The travel industry is set to witness a significant increase in the number of international arrivals during the forecast period. As per the recent findings, it is estimated that by 2030 the industry will observe a 50% growth in the number of international arrivals. Hence, the Travelers Identity Protection Services Market is expected to grow tremendously due to the increasing security threats along with limited infrastructure.
The development of the IT sector and the concept of machine learning, biometrics, etc. offer numerous opportunities for this market to flourish during the forecast period. Moreover, this will also contribute to the economy by increasing revenue and generating job opportunities. Additionally, the introduction of facilities such as cryptography, state and non-state entities of electronic passports, etc will also assist in reducing the risk factors.

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Competitive Landscape

With elevating pressure on the travel and tourism industry, the security and safety of visitors continue to be one of the foremost concerns for the authorities. Acquiring information about the customers is crucial for travel agencies but it should be done in compliance with the existing governing rules and regulations.

IT companies are anticipated to create significant advancements in order to minimize the predicted risks. Numerous businesses are developing reliable and efficient techniques to deftly resist the malice of identity theft. Some of the identity protection service companies with operations worldwide are ID Watchdogs. Moreover, the government can also deploy true and fair resources to improve security and enhance the customer experience.

More Insights into the Travelers Identity Protection Services Market

Attributing to a steadily rising trend in the travelers’ identity protection services market, there has been a significant surge in the competition levels as well which further led to the depleting quality of technology and tools available.

The South East Asian market which is currently at the initial stages of development is one of the major contributors that restrain the growth owing to the low level of awareness among the residents.

Travelers Identity Protection Services Market by Category

By Type:

Credit Card Fraud
Bank Fraud
Phone Fraud

By Region:

North America
Europe
Asia Pacific
South America
Middle East
South Africa

By Booking Type:

Online Booking
Direct Booking
Phone Booking

By Consumer Orientation:

Men
Women
Children

By Tourist Type:

Domestic
International

By Age Group:

15-25 years
26-35 years
36-45 years
46-55 years
56-65 years
66-75 years

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 Sports Medicine Industry is on a trajectory toward reaching US$ 2,062.7 Million by 2033, Driven Notably by Mental Wellness Initiatives | FMI

The global sports medicine industry size is anticipated to reach a valuation of US$ 1,157.0 million in 2023, driven by focus on mental health in sports. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 2,062.7 million by 2033.

One of the major factors contributing to the growth of the market is the integration of smart clothing and wearable devices for real time monitoring of performance and health of athletes. The technologies provide data on metrics like heart rate, body temperature, and biomechanics to optimize training and prevent injuries.

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There is a growing demand for sports medicine services tailored to pediatric and youth populations, with an increasing number of young athletes participating in organized sports. Specialized care for growth related injuries and age appropriate training programs presents an opportunity for market growth.

Cryotherapy, involving the use of extreme cold for therapeutic purposes, and thermotherapy, using heat for similar benefits, are gaining popularity in sports medicine. The modalities aid in injury recovery, reduce inflammation, and improve overall muscle function.

Advances in biomechanics and movement analysis contribute to a better understanding of physical mechanics of athletes. The information helps in designing personalized training programs, injury prevention strategies, and optimizing performance.

Evolving regulations and standards in the sports medicine industry, both at the national and international levels, can impact market dynamics. Compliance with regulatory requirements is crucial for product development and market entry.

The integration of sports medicine principles into corporate wellness programs is becoming more common. Employers are recognizing the importance of employee health and incorporating sports medicine strategies to prevent and manage musculoskeletal issues.

Key Takeaways from the Market Study

Global sports medicine market was valued at US$ 1,078.0 million by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 7.4%.
The market in India is expected to expand at a CAGR of 8.9% through 2033.

By product type, the standalone analyzers segment to account for a share of 55.9% in 2023.

From 2023 to 2033, sports medicine market is expected to flourish at a CAGR of 6.0%.
By 2033, the market value of sports medicine is expected to reach US$ 2,062.7 million.

There is a shift towards patient centric approaches in sports medicine, emphasizing shared decision making, patient education, and engagement. Healthcare providers are focusing on creating personalized treatment plans that align with the preferences and lifestyles of patients, remarks an FMI analyst.

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Competitive Landscape:

Prominent players in the sports medicine market are Arthrex, Inc., DePuy Synthes, Smith & Nephew Plc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Olympus Movement Performance, Karl Storz, Tornier N.V., Wright Medical Group N.V., DJO Global, Ossur HF, Medtronic Plc., CONMED Corporation, Mueller Sports Medicine, Inc., Cayenne Medical, NuOrtho Surgical Inc., Ottobock, RTI Surgical, and NuVasive, Inc., among others.

Recent Developments:

In 2023, Medtronic plc announced the launch of its new MyoSure Ablation System for sports medicine applications. The MyoSure system is designed to treat pain caused by muscle and nerve injuries.
In the same year, Arthrex, Inc. announced the launch of its new Augmenix Augmented Reality System for sports medicine applications. The Augmenix system is designed to help surgeons visualize anatomy during surgery.
In 2022, Abbott Laboratories announced the launch of its new FreeStyle Libre 3 Glucose Monitoring System for sports medicine applications. The FreeStyle Libre 3 system is designed to help athletes track their blood glucose levels.
In 2022, Boston Scientific Corporation announced the launch of its new Vertiflex Intervertebral Spacer for sports medicine applications, which is designed to treat spinal stenosis.

Segmentation Analysis of the Sports Medicine Market:

By Product:

Body Reconstruction Products
- Arthroscopy Devices
- Meniscal Repair Device
- Prosthetic Devices
- Orthobiologics
Body Support and Recovery Products
- Braces and Supports
- Compression Clothing
- Accessories

By Application:

Knee Injuries
Shoulder Injuries
Ankle and Foot Injuries
Back and Spine Injuries
Elbow and Wrist Injuries
Hip Injuries
Others

By Region:

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

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Downstream Processing Industry is projected to witness an 11.3% CAGR surge by 2032, as per FMI Insight’s analysis

As per recent market analysis, the global downstream processing industry demand is set to witness an impressive growth trajectory, estimated to reach a substantial value of US$ 72.3 billion by the end of 2032. This growth is projected at a Compound Annual Growth Rate (CAGR) of 11.3% from 2022 to 2032, marking a significant leap in the industry’s market valuation.

In 2021, the global downstream processing market was appraised at US$ 22.0 billion, reflecting substantial growth potential. By the conclusion of 2022, industry predictions indicate an estimated market value of US$ 24.9 billion, signifying a noteworthy uptrend within just a year.

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The extraction, purification, and refinement of important bioproducts are crucial tasks for the downstream processing market in the dynamic fields of industrial biotechnology and biopharmaceuticals. This crucial but frequently skipped phase makes ensuring that biopharmaceuticals, enzymes, biofuels, and other biotechnological goods are as effective and high-quality as possible when they are delivered to consumers. Downstream processing is positioned to experience tremendous growth and innovation as the biotech sector continues its fast expansion.

Downstream processing involves a series of sophisticated techniques designed to isolate and purify desired biomolecules from complex mixtures obtained during fermentation or cell culture processes. The process encompasses numerous purification steps, including separation, filtration, chromatography, and drying, among others. Through these steps, impurities are removed, and the desired biomolecules are concentrated to achieve the desired quality and potency.

Several factors are driving the growth of the downstream processing market. Firstly, the increasing demand for biopharmaceuticals, driven by aging populations and the prevalence of chronic diseases, is creating a burgeoning market for downstream processing solutions. Additionally, advancements in biotechnology and genetic engineering have led to the development of novel bioproducts, further fuelling the demand for efficient downstream processing technologies.

Moreover, stringent regulatory requirements for the approval of biopharmaceuticals and biotechnological products necessitate high-quality downstream processing to ensure product safety and efficacy. This has prompted biotech companies to invest in state-of-the-art downstream processing facilities and technologies.

Forecast Highlights on Global Downstream Processing Market:

As per the forecast of Future Market Insights, the filters product type segment is slated to touch a value of nearly US$ 5,700 Million in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The filters product type segment is estimated to account for more than one-fifth of the revenue share of the product type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Future Market Insights, the contract manufacturing organizations segment will reach a value of nearly US$ 5,500 Million in the year 2017. This represents a robust CAGR growth during the forecast period. The contract manufacturing organizations segment is forecasted to account for more than one-third of the total revenue share of the end users segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
As per the forecast of Future Market Insights, the monoclonal antibody production segment is slated to reach a value of about US$ 8,300 Million in 2022. The monoclonal antibody production segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the monoclonal antibody production segment.
Future Market Insights forecasts the gel chromatography segment to exhibit a compound annual growth rate (CAGR) of nearly 15.0% from 2017 to 2022.

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Key Companies Profiled:

Thermo Fisher Scientific Inc.
GE Healthcare
Sartorius Stedim Biotech S.A.
Merck Millipore
Danaher Corporation
3M Company
Boehringer Ingelheim
Lonza Group AG
Eppendorf AG
Finesse Solutions, Inc.
Bio-Rad Laboratories
Agilent technologies
Solida Biotech GmBH
Waters Corporation
Applikon BioTechnique/Getinge AB

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Key Market Segments Covered In the Downstream Processing Industry Research:

By Product:

Chromatography Columns and Resins
Membrane Adsorbers
Single-use Products
Consumables and Accessories

By Technique:

Separation
Concentration
Purification

By Application:

Monoclonal Antibody Production
Vaccine Production
Insulin Production
Immunoglobulin Production
Erythropoietin Production
Other Application

By End User:

Biopharmaceutical Companies
CDMO/Contract Research Organization
Research/Academic Institutes

By Region:

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

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Luxury Yacht Market Projections Show a 9% CAGR, Expected to Exceed US$ 19,924.7 Million by 2033 | FMI

The luxury yacht market is predicted to grow rapidly on a worldwide scale between 2023 and 2033. The market is expected to generate US$ 8,812.4 million in sales by the end of 2023. By 2033, the luxury yacht market is expected to have grown to a value of around US$ 19,924.7 million. Key participants in the industry include luxury yacht manufacturers, brokerage houses and brokers, designers, harbor management services, the equipment and accessory sectors, journalists, and potential buyers.

The Dutch word “jacht,” which means “hunt,” is where the term “yacht” originates. “Floating Palaces or Floating Real Estates” is another term for opulent boats. They represent the pinnacle of lavish expenditure. Privately owned, well staffed, and exceedingly costly motor boats are considered luxury yachts.

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Luxury yacht manufacturing companies are obsessively focused on quality because it is the prime differentiating factor between luxury yachts and non-luxury yachts. These companies manufacture luxury yachts using fast patrol vessels, frigates, and interceptors, which are used by world navies for high security. Growing awareness of environmental protection has led to the manufacture of solar luxury yachts.

Key Takeaways

Yachting along coastal locations is gradually becoming popular across various countries. The formulation of favorable policies has been effective in promoting coastal and marine tourism which has consequently led to a boost in yachting tourism as well.
The adoption of private boats for leisure, client meetings, and large-scale parties has become quite prevalent. In order to explore new locations with a smaller crowd, regions such as Asia Pacific, Antarctica, and the Middle East are preferred for yachting.

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Another crucial reason for the growth of luxury yachting tourism has been the availability of renting of charter boats. Rentals for yachts are available on a weekly basis which further increases the accessibility of luxury yachting. With increased government participation to create yacht facilities and to invest in yachting, the future looks bright and full of potential.
Over the upcoming years, the number of ultra-wealthy households consisting of assets worth $100 a million or more is projected to increase by 70% in the next five years. Shipyards have therefore started to invest in new facilities and technologies to meet the expected demand which will eventually lead to growth in the market for Luxury Yachts.
The millennials from the new generation ranging from the age group 35 to 45 years have become highly environmentally conscious. This is extremely important to factor in since up to 40% of yacht buyers are now millennials. Therefore, the sector is slowly switching to green yachting by adopting a eco-friendlier approach.
2050, the International Maritime Organization has instructed the maritime industry to reduce greenhouse gas emissions by 50 percent from 2008 levels by the year 2050 and to reduce the carbon footprints of their boats. Electric yachts are also becoming quite popular.

Competitive Landscape

Dominant players across the global luxury yacht market comprise 60% of the total market share. In addition to that, the semi-custom luxury yacht market has seen a surge in demand in recent years which might be due to these categories of yachts offering a good balance of customization and off-the-shelf predictability and simplicity.

Key Players:

Ferretti Group,
Lurssen,
Feadship,
Princess Yachts,
Sunseeker

Luxury Yatch Market by Category

By Direct Suppliers:

Hotel Companies
Tour Operators
Government Bodies

By Indirect Suppliers:

OTA (Online Travel Agency)
Traditional Travel Agencies
TMC’s (Travel Management Companies)

By Number of Bookings:

By Type:

Motor Yacht
Sailing Yacht

By Visit Purpose:

Business
Personal

By Tour Type:

Independent Traveler
Package Traveler
Tour Group

By Age:

Under 15
16-25
26-35
36-45
46-55
Over 55

By Demographic:

Male
Female
Kid

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

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 Pharmaceutical Filtration Industry Projected to Reach US$ 45.08 Billion by 2033 reaching an 8.9% CAGR | FMI

The global pharmaceutical filtration industry demand is poised for significant growth, projected to reach a valuation of US$ 45.08 billion by 2033, according to recent industry analysis. As of 2023, the market stands at US$ 19.19 billion and is anticipated to witness remarkable expansion at a Compound Annual Growth Rate (CAGR) of 8.9% from 2023 to 2033.

Pharmaceutical filtration plays a crucial role in the manufacturing processes of intricate drugs, vaccines, and biologics by eliminating contaminants from the final products, ensuring the highest standards of quality and safety. Additionally, the application of pharmaceutical filtration extends beyond the pharmaceutical sector. It finds utility in wastewater treatment projects, where it effectively filters out harmful nanoparticles from industrial water, contributing to environmental sustainability and resource conservation.

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Moreover, the aerospace and electronics industries benefit from pharmaceutical filtration technology, utilizing it to maintain pristine conditions within shop floor premises. By removing contaminants such as dust, particles, and bacteria, pharmaceutical filtration enhances manufacturing processes, thus safeguarding product integrity and reliability.

With advancements in healthcare technologies and increasing emphasis on quality assurance across industries, the demand for pharmaceutical filtration solutions is anticipated to witness robust growth. This growth trajectory underscores the pivotal role of filtration technologies in ensuring product purity, regulatory compliance, and environmental stewardship.

As the pharmaceutical filtration market continues to evolve, stakeholders across various sectors are poised to capitalize on emerging opportunities, driving innovation and sustainable growth in the global marketplace.

“The implications of adopting new filtration technologies in markets other than medical industries can potentially fetch a lot of revenue opportunities for private companies involved in the manufacturing of pharmaceutical filtration products and services”, Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Pharmaceutical Filtration Market Report:

The North American region showed a 27.6% share of the pharmaceutical filtration market.
The demand for renal function tests is rising in India as well, which showed a promising market share of 12.5%.
Based on product type, membrane filters dominate the pharmaceutical filtration market with a 33.33% global revenue share.
Apart from the medical industry, pharmaceutical filtration finds its application in new technologies like gene therapy, biopharmaceuticals, and many more.

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Recent Developments in the Field of Pharmaceutical Filtration:

Single Use Support GmbH, a biopharma firm has pioneered disposable filtration systems composed entirely of disposable components. It includes the fluid pathway and filters. This innovation renders them remarkably cost-effective and user-friendly. The fusion of filtration systems with digital platforms enhances accessibility and adaptability. This technology empowers operators to remotely manage filtration systems from any location worldwide. Innovative researchers are crafting advanced membranes from nanomaterials like graphene and carbon nanotubes to enhance pharmaceutical filtration.

Key Companies Profiled:

3M
Amazon Filters
Eaton Corporation Plc
GE Healthcare Inc.
Merck KGaA
Pall Corporation
Parker Hannifin Corporation
Meissner Filtration Products
Sartorius Stedim Biotech
The Marmon Group LLC.
Koch Membrane Systems

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Key Market Segments Covered in Pharmaceutical Filtration Industry Research:

By Product:

Membrane Filters
Prefilters and Depth Media Filters
Single-use Systems
Cartridge & Capsule Filters
Filter Holders
Filtration Accessories
Other Products

By Scale of Operation:

Manufacturing Scale
Pilot Scale
Research and Development Scale Application
Final Product Processing
Raw Material Filtration
Cell Separation
Water Purification
Air Purification

By End User:

Microfiltration
Ultrafiltration
Nanofiltration
Other techniques

By Region:

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

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Global Molecular Imaging Industry is projected to achieve a value of US$ 15,457.48 Million by the year 2033, with an 11% CAGR | according to FMI

According to forecasts, the global molecular imaging industry size is expected to be US$ 5,437.16 million in 2023 and US$ 15,457.48 million by 2033. The market is projected to exhibit a CAGR of 11%.

The need for early illness diagnosis is increasing due to the rising incidence of numerous chronic diseases like cancer and other genetic disorders, which is anticipated to fuel the expansion of the worldwide market.

According to data from the Centers for Disease Control and Prevention (CDC) from February 2018, over 22,000 men and 9,000 women in the United States are diagnosed with liver cancer each year, and approximately 16,000 men and 8,000 women pass away from the disease. In addition, the market’s revenue growth is fueled by the rapid progress of molecular imaging technologies.

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In the biomedical business, immune-PET, for instance, has considerably improved early cancer cell identification, enabling more use. The clinical benefit of targeted treatment using monoclonal antibodies is maximized by selecting the proper medication for the right patient.

Immune PET imaging makes it possible to assess these drugs’ in vivo biodistribution and tumor targeting to predict their toxicity and effectiveness, guide drug research, and provide specialized care. As a molecular imaging biomarker for assessing target expression and tumor targeting, radio-labeled monoclonal antibodies enable viewing and measurement of the tracer uptake.

Key Takeaways:

In 2022, North America’s molecular imaging market expanded, with a CAGR of 35.1%.
In 2022, the United States developed the molecular imaging business with a share of 22.6%.
The molecular imaging market grew considerably to US$ 4,855.5 million in 2022.
The molecular imaging market expanded with a CAGR of 9.3% between 2018 to 2022.
By 2033, China’s molecular imaging market is projected to develop with a CAGR of 10.3%.
By 2033, India’s molecular imaging industry is projected to expand with a CAGR of 11%.
Japan’s molecular imaging industry grew significantly, with a 3.6% share in 2022.
Australia’s molecular imaging market is likely to expand with a CAGR of 12.7% by 2033.
Germany’s molecular imaging business grew, with a share of 6.9% in 2022
In 2022, based on modality, SPECT dominated the market, with a share of 23.5%.
In 2022, the hospital’s segment led the market, with a share of 56.5%, based on the end user.

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Key Players’ Strategies and Recent Developments:

NXC Imaging, a distributor and service provider of medical imaging equipment in Minneapolis, Minnesota, was purchased by Canon Medical Systems, United States, on July 27, 2022. It’s a commercial firm and a global leader in cutting-edge diagnostic imaging technology. Through the strategic partnership between NXC Imaging and Canon Medical Systems United States, the sales and service reach of the Upper Midwest region increased and enhanced.
The world’s first digital SPECT/CT with high-energy imaging was introduced on October 18, 2022, by Spectrum Dynamics Medical, a Swiss manufacturer of biomedical instruments. This innovation enables nuclear medicine clinics to offer a complete spectrum of clinical services. This capability is present in the new VERITON-CT 400 Series Digital SPECT/CT scanners, allowing imaging applications for the entire body, the heart, the brain, and other organs.

Key players:

Hermes Medical Solutions
Bruker Corporation
GE Company
Fujifilm Holdings Corp.
Koninklijke Philips N.V.
Siemens AG
Toshiba Medical System Corp.
Mirada Medical Limited
Carestream Health, Inc.
Esaote SpA
Positron Corporation
Medisco Ltd.
Hitachi Medical Corp.
MIM Software Inc.

Key segments:

By Modality:

Molecular Ultrasound Imaging
Positron Emission Tomography (PET)
Single Photon Emission Computed Tomography (SPECT)
Nuclear Magnetic Resonance (NMR) Spectrometer
Hybrid Products

By Application:

Cardiovascular
Neurology
Oncology
Respiratory
Gastrointestinal

By End Users:

Hospitals
Diagnostic Imaging Centres
Ambulatory Surgical Centres

By Region:

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

Author By:

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

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

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

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

Molecular Breast Imaging Market Size: The global molecular breast imaging market was valued at US$ 846.7 Million in 2022 and is expected to reach US$ 1.4 Billion by 2033. The screening application with around 56.7% value share, has topped the global market within the application category in 2022 and is expected to grow at a CAGR of close to 4.7% over the forecast period (2023-2033)

Dialysis Device and Concentrates Market Share: Global dialysis device and concentrates market demand is anticipated to be valued at US$ 21,663.5 million in 2023, forecast a CAGR of 4.9% to be valued at US$ 34,824.85 million from 2023 to 2033.

Dialysis Equipment Market Demand: FMI estimates that the global dialysis equipment market size could reach US$ 18.73 billion in 2023 and surpass US$ 29.93 billion by 2033. The sales of dialysis equipment are likely to upsurge at a CAGR of 4.8% from 2023 to 2033.

Molecular Diagnostics Market Trends: The global molecular diagnostics market is projected to have a moderate-paced CAGR of 18% during the forecast period. The current valuation of the market is US$ 14802.156 Million in 2022. The market value of the molecular diagnostics market is anticipated to reach a high of US$ 59882.97671 Million by the year 2032.

Molecular Cytogenetics Market Outlook: Global molecular cytogenetics market demand is anticipated to be valued at US$ 2,761.9 Million in 2022, forecast a CAGR of 8.9% to be valued at US$ 6,469.2 Million from 2022 to 2032.

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Global Multiplex Biomarker Imaging Market Set to Surge at 11.9% CAGR, Driven by Cancer Growth and Personalized Medicine | FMI

The global multiplex biomarker imaging market is poised for explosive growth, reaching an estimated US$ 1,041.7 Million by 2029, according to a recent survey by Future Market Insights (FMI). This represents a significant leap from the US$ 475.2 Million in 2022, translating to a robust 11.9% CAGR.

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Several key factors are fueling this market expansion:

Rising cancer prevalence: The growing number of individuals diagnosed with tumors worldwide is driving the demand for more effective diagnosis and treatment solutions. Multiplex biomarker imaging offers a precise and comprehensive approach to analyzing multiple biomarkers simultaneously, aiding in early detection and personalized treatment strategies.
Personalized medicine boom: The increasing adoption of personalized medicine, which tailors treatments to individual patients based on their unique genetic and molecular profile, is creating a significant demand for advanced diagnostic tools like multiplex biomarker imaging.
Technologically advanced instruments: The availability of increasingly sophisticated imaging devices with multiplexing capabilities is enhancing the accuracy and efficiency of biomarker analysis, further propelling market growth.
Expanding market share: While currently holding a 1.6% share of the US$31 billion biomarkers market, multiplex biomarker imaging is expected to witness significant growth due to the rising production of multispectral imaging devices.
Strategic collaborations: Leading manufacturers are actively collaborating with laboratories and biopharmaceutical companies to expand their sales reach and fuel market development.

“The multiplex biomarker imaging market presents a lucrative opportunity for players across the healthcare landscape,” remarks Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “With the rising burden of cancer, the growing adoption of personalized medicine, and continuous technological advancements, this market is poised for exponential growth in the coming years.”

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Key Takeaways of Multiplex Biomarker Imaging Market Study:

There is steady demand for immunofluorescence slide scanners, as these offer exceptionally high image quality, reliability, and speed for whole slide imaging.
North America is anticipated to be an attractive market for multiplex biomarker imaging, owing to developed healthcare infrastructure, favorable government policies, and financial grants for laboratory research by the government
Immunostaining is widely used in the diagnosis of abnormal cells, such as cancerous cells, and also assists in understanding the distribution and localization of biomarkers and differentially expressed proteins in different parts of a biological tissue.
The commercial success of the multiplex biomarkers imaging market is highly dependent on cancer research studies, which could serve multiple purposes such as detection of cancerous cells, presence of necrotic agents, and assessment of structural and functional abnormalities in cellular anatomy.

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Key Companies Profiled:

PerkinElmer Inc.
Thermo Fisher Scientific, Inc.
Bio-Rad Laboratories, Inc.
Abcam plc.
Merck KGaA
Illumina Inc.
Leica Biosystems Nussloch GmbH (Danaher Corporation)
Ventana Medical Systems, Inc. (A F. Hoffmann-La Roche AG Subsidiary)
Aushon BioSystems Ltd.
MicroConstants, Inc.
ToposNomos Ltd. (TNL)

Multiplex Biomarker Imaging Market Taxonomy:

The global multiplex biomarker imaging market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Component Type

Instruments
- Quantitative Pathology Imaging Systems
- Immunofluorescence Slide Scanners
- Toponome Imaging Systems
- Multispectral Imaging Systems
Software
Services
- Installation & Integration Services
- Maintenance Services

Imaging Technique

Immunohistochemistry (IHC) Assays
Fluorescent In-Situ Hybridization (FISH) Assays
Tissue Microarray (TMA) Assays

Application

Research
Clinical Diagnostics

End User

Translation Laboratories
Biopharmaceutical Companies
Academic Institutes

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
Middle East and Africa

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Injection Blow Molding Machine Market Set to Reach US$ 3,670.9 Million by 2032: Driven by Growing Demand for Precision Manufacturing

Anticipated to hit US$ 2,456.2 Million in 2022, the global Injection blow molding machine market is forecasted to escalate to US$ 3,670.9 Million by 2032. Projections suggest a Compound Annual Growth Rate (CAGR) of 4.1% throughout the 2022 to 2032 forecast period. This growth trajectory underscores the steady demand for injection blow molding machines, driven by various industries such as packaging, automotive, and consumer goods. As manufacturers strive for efficiency and precision in production processes, the market for injection blow molding machines is expected to witness sustained growth, reflecting its pivotal role in modern manufacturing operations.

In the realm of injection blow molding machines, the North American market is poised for steady growth, projected to claim 18% of the global market share by 2022. Manufacturers in the region, such as Jomar Corp., are actively introducing innovative product lines, exemplified by the TechnoDrive 65 IBM injection blow molding machine.

In the United States, companies are increasingly adopting injection blow molding machines for packaging, leveraging automation to enhance production speed and overall quality. These advancements are expected to propel demand in the North American market throughout the projection period.

Looking ahead to 2032, the Asia Pacific region is forecasted to emerge as a significant player in the automotive injection blow molding machine market. With thriving economies like China and India witnessing rapid growth in manufacturing, domestic production, and the end-use sector, there is a heightened demand for injection blow molding equipment. The expanding consumer packaging and automotive industries in India, coupled with China’s robust consumption of injection blow-molded plastic compounds, contribute to the region’s anticipated prominence in the global market.

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Market Competition

Parker Plastic Machinery Co. Ltd.
Jomar Corporation
Nissei ASB Machine Co., Ltd.
Jiangsu Victor Machinery Co. Ltd.
British Plastics Federation
Golfang Mfg. & Development Co. Ltd.
Suma Plastic Machinery Co.Ltd.
Polymechplast Machines Ltd.
Design-tek Tool and Plastics Inc.
The Meccanoplastica Group
Taiwan Machine Sources

Nissei ASB Machine Co., Ltd., a major manufacturer of injection stretch blow molding machines for PET and other plastics processing machines, announced its latest Zero Cooling technology in April 2019. This technology enhances the quality and robustness of the bottle, allowing it to be lighter while increasing productivity tremendously. The feature of weight reduction assists the company in meeting its environmental objectives.

Major Factors Boosting the Injection Blow Molding Machine Market

Expanding Packaging Industry : The packaging industry is a significant consumer of injection blow molding machines, with the demand for high-quality packaging materials growing due to increased consumption of packaged goods. This includes products in the food and beverage, pharmaceutical, and cosmetics sectors.
Automotive Sector : Injection blow molding machines are used extensively in the automotive industry for manufacturing various components, including fuel tanks, air ducts, and interior trims. The growth of the automotive sector has driven demand for these machines.
Growing Demand for Lightweight and Sustainable Materials : As the need for lightweight and environmentally friendly materials has increased, injection blow molding has become a preferred method for manufacturing parts and products using recyclable and lightweight materials.
Technological Advancements : Continuous technological advancements in injection blow molding machines have improved efficiency, precision, and cost-effectiveness, making them more attractive to manufacturers.
Pharmaceutical and Healthcare Sector : The pharmaceutical and healthcare industries rely on injection blow molding for producing drug containers, inhalers, and medical device components. The demand for healthcare products has boosted the use of these machines.
Consumer Electronics : Injection blow molding machines are used to manufacture casings and housings for a wide range of consumer electronics, such as smartphones, laptops, and appliances, driven by the constant innovation in this sector.
Customization and Design Flexibility : Injection blow molding allows for intricate and customized designs. Manufacturers can create products with unique shapes, sizes, and features, meeting the diverse needs of various industries.

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Key Segments Profiled in the Global Injection Blow Molding Machine Market

By Raw Materials:

For polyethylene (PE)
For polypropylene (PP)
For polyvinyl chloride (PVC)
For polystyrene (PS)
For polyethylene terephthalate (PET)
For others (Including Polybutylene Terephthalate (PBT), etc.)

By Technology:

For injection molding
For blow molding
For thermoforming
For others (including roto molding, casting, etc.)

By Application:

For packaging
For consumables & electronics
For automotive & transportation
For building & construction
For others (including toys, furniture, etc.)

By Region:

In North America
In Latin America
In Europe
In Asia Pacific
In the 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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