Market Research Blog – Page 3838 – New Product Development

Global Dermal Fillers and Botulinum Toxin Market Projected to Reach US$ 10.5 Billion by 2032, Reports Industry Analysis

The market for dermal fillers and botulinum toxins is on a trajectory for massive expansion, reaching a projected US$ 10.5 billion by 2032, according to industry experts. This represents a significant jump from the market’s US$ 5.9 billion valuation at the end of 2022 and signifies a robust CAGR of 6.1% over the next decade.

Botulinum toxin currently leads the market, capturing nearly 60% share in 2021. This segment is expected to maintain its dominance due to its effectiveness in addressing wrinkles and fine lines. However, dermal fillers are projected to experience even faster growth, fueled by their rising popularity in lip enhancement and facial contouring.

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Driving this market boom is a surging global awareness of aesthetic beauty. Rising disposable incomes, particularly in emerging economies, are empowering individuals to invest in their appearance. Additionally, the growing acceptance of non-surgical cosmetic procedures is playing a significant role in propelling market growth.

Key factors contributing to market expansion:

Rising disposable income: Increased spending power, particularly in developing regions, fuels demand for aesthetic procedures.
Growing awareness of aesthetic beauty: Consumers are increasingly focused on enhancing their appearance, driving demand for dermal fillers and botulinum toxins.
Wider acceptance of non-surgical procedures: Minimally invasive nature of these procedures attracts more individuals seeking aesthetic improvements.
Technological advancements: Development of innovative products and techniques caters to diverse consumer needs and preferences.

This positive outlook presents exciting opportunities for market players. Manufacturers can capitalize by expanding product portfolios, focusing on emerging markets, and investing in research and development. Healthcare providers offering these procedures can benefit by enhancing their expertise and adopting advanced technologies.

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Key Takeaways from the Report:

Dermal fillers and botulinum neurotoxin type A products are in great demand for wrinkle reduction procedures in monotherapy. The American Academy of Facial Plastic and Reconstructive Surgery states that more than 4/5^th of all surgeons reported a celebrity being the key reason that patients underwent a specific treatment in the Dermal Fillers and Botulinum Toxin market.

The proliferation of social and mainstream media has had a massive impact on customers, encouraging them to go under the knife earlier to delay the onset of ageing as much as possible.

Dermal Fillers and Botulinum Toxin Market: Competition Dashboard

Allergan plc.
Galderma SA
Merz Pharma GmbH & Co. KGaA
Anika Therapeutics, Inc.
Suneva Medical, Inc.
Speciality European Pharma
HUGEL, Inc
Grex Pharma SaS
Daewoong Pharmaceuticals
Medy-Tox Inc.
TEOXANE Laboratories
SciVision Biotech Inc.
Ipsen SA

Key Segments Covered in Dermal Fillers and Botulinum Toxin Market Research Report:

By Product:

Hyaluronic Acid Based Dermal Fillers
Non-hyaluronic Acid Based Dermal Fillers
Botulinum Toxin

By Application:

Aesthetic Volume Restoration
Wrinkle Reduction

By Region:

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

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About Future Market Insights (FMI)

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

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Global Diabetic Macular Edema Market Poised for Steady Growth US$ 4.2 Billion by 2032: Despite Challenges, Driven by Rising Diabetes Rates | FMI

The global diabetic macular edema (DME) market is expected to reach a valuation of US$ 3.7 billion by the end of 2022, with a projected CAGR of 1.2% from 2022 to 2032, reaching a valuation of ~US$ 4.2 billion by the end of the forecast period, according to market research firm FMI. Despite a modest growth rate, the market presents significant opportunities for growth, driven by several key factors.

Rising Diabetes Prevalence Fuels Market Demand:

The most significant driver for the DME market is the escalating global epidemic of type 2 diabetes, with the World Health Organization reporting a staggering 422 million people living with the condition in 2014. This alarming rise in diabetes diagnoses translates to a growing pool of individuals susceptible to DME, a common complication of the disease.

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Innovation in Treatment Options Propels Growth:

Market growth is also fueled by advancements in treatment options. Anti-VEGF drugs currently dominate the market, but innovative solutions like cortisteroid implants and Iluvein offer promising alternatives, potentially reducing the need for frequent injections and providing extended-release treatments. Manufacturers are actively pursuing licensing and patenting strategies to secure a competitive edge in this evolving landscape.

Early Diagnosis Remains Crucial:

While the market witnesses advancements, early diagnosis of DME remains a critical challenge. The initial stages often present no symptoms, leading to potential delays in diagnosis and treatment. Raising awareness about the condition and encouraging regular eye examinations for diabetic patients are vital to address this challenge.

Anti-VEGF will Remain Preferred Product in the Global Diabetic Macular Edema Market:

Anti-VEGF will remain preferred product in the market, with sales estimated to expand at 1% CAGR through 2027. Eylea will continue to be the most lucrative anti-VEGF drug in the market. However, demand for corticosteroids will remain comparatively lower than anti-VEGF during the forecast period.

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By product form, intravitreal injections will continue to be sought-after in the market, with sales poised to surpass US$ 4,000 Mn by 2027-end. Sales of intravitreal implants will register a comparatively higher CAGR than intravitreal injections through 2027.

Hospital pharmacy is estimated to remain the largest distribution channel in the market, as majority of countries across the globe dispense intravitreal injections and implants to outpatients by hospital pharmacies. Retail pharmacy, which mainly provides aliquots of off-label indications such as Avastin prescription, will register a comparatively low CAGR than hospital pharmacy in the market through 2027.

Key market players identified in FMI’s report include Novartis AG, Bayer AG, Allergan Plc., F. Hoffman-La Roche Ltd., Alimera Sciences Inc., Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Inc.)

Key Segments Covered In Diabetic Macular Edema Market Report:

By Drug:

Anti-VEGF
- Ranibizumab (Lucentis)
- Aflibercept (Eylea)
Corticosteroid Therapies
- Dexamethasone (Ozurdex)
- Fluocinolone Acetonide (Iluvien)
Other Off-label Drugs

By Form:

Intravitreal Injections
Intravitreal Implants

By Distribution Channel:

Hospitals
Specialty Clinics
Mail Order Pharmacies

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Interlocking Boxes Market Forecasted to Reach US$ 76,212.0 Million by 2032: Driven by Growth in Cosmetic and Personal Care Industries

The global demand for Interlocking Boxes is projected to reach a value of US$ 45,312.0 Million in 2022, with a forecasted growth at a Compound Annual Growth Rate (CAGR) of 5.3% to attain US$ 76,212.0 Million between 2022 and 2032. This upward trajectory is primarily fueled by the expanding cosmetic and personal care market. As consumers increasingly seek attractive and functional packaging solutions, the demand for interlocking boxes rises, reflecting their versatility and aesthetic appeal. The projected growth underscores the integral role of interlocking boxes in meeting evolving consumer preferences and driving innovation in packaging across various industries.

The Interlocking Boxes market is experiencing a significant surge in North America, where it is expected to capture a substantial market share exceeding 27% from 2022 to 2032. The United States, in particular, stands out as a major contributor, boasting the largest market for interlocking boxes. This dominance is fueled by the country’s robust e-commerce sector and the increasing volume of cross-border trade.

Simultaneously, Europe is gearing up to become a lucrative hub for Interlocking Boxes, with an anticipated market share of 30% by 2022. The region is on the brink of noteworthy market growth, driven by technological advancements, rising disposable income, and an uptick in manufacturing activities. As consumer demand for efficient and secure packaging solutions continues to rise, North America and Europe are positioned as pivotal players in the global Interlocking Boxes market landscape.

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Key Interlocking Boxes Market Takeaways and Projections

The U.S. is expected to lead the North america interlocking boxes market, projecting the fastest growth in the region between 2022 and 2032.
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of interlocking boxes market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global interlocking boxes market. Some of the prominent market players are

DS Smith Packaging Limited,
The Mondi Group Plc.,
International Paper Company,
All Packaging Company,
Smurfit Kappa Corporation Limited,
WestRock Company,
Bell Incorporated and
Amcor Ltd etc.,
among others.

Some Prominent Drivers Spearheading Interlocking Boxes Market Growth

Increased Demand for Storage Solutions : The need for efficient and organized storage solutions has grown, especially as urbanization and smaller living spaces have become more common. Interlocking boxes provide a simple and versatile option for individuals and businesses looking to maximize their storage space.
E-commerce and Online Shopping : The growth of e-commerce has boosted the demand for interlocking boxes, as they are commonly used for packing and shipping products. Companies and consumers often require durable, secure, and stackable boxes for transportation and storage.
Sustainability : There has been a growing emphasis on eco-friendly and sustainable products. Manufacturers of interlocking boxes have responded by producing options made from recyclable materials or incorporating sustainable practices in their production processes.
Customization and Aesthetics : Consumers increasingly seek storage solutions that not only serve a functional purpose but also match their decor and personal style. Manufacturers have responded by offering a wide range of colors, designs, and customization options.
Ease of Use : Interlocking boxes are designed for ease of use, with features like snap-on lids, handles, and wheels making them more convenient for everyday use. This simplicity and user-friendliness have attracted consumers.
Commercial and Industrial Use : Interlocking boxes are popular in industries such as manufacturing, logistics, and agriculture. These sectors require robust and stackable containers to store and transport goods efficiently.

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Key Segments Profiled in the Interlocking Boxes Industry Survey

Interlocking Boxes Market By Material:

Plastic Interlocking Boxes
Paper Interlocking Boxes
Paperboard Interlocking Boxes
Cardboard Interlocking Boxes
Wood Interlocking Boxes
Rubber Wood Interlocking Boxes

Interlocking Boxes Market By Application:

Interlocking Boxes for Gift and craft
Interlocking Boxes for Home appliance
Interlocking Boxes for Food
Interlocking Boxes for Apparel and Footwear
Interlocking Boxes for Personal care
Interlocking Boxes for Cosmetics
Interlocking Boxes for Electronic
Interlocking Boxes for Pharmaceutical
Interlocking Boxes for Engineering material
Others (tool, display, industrial goods etc.)

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Vial Box Market Surges: Projected to Reach US$ 12.85 Billion by the End of 2032, Fueled by Pharmaceutical Packaging Demands

Projected to proliferate, the vial box market is poised for substantial growth with an average Compound Annual Growth Rate (CAGR) of 6.1% forecasted from 2022 to 2032. The global market, with an estimated revenue of US$ 7.54 billion in 2022, is anticipated to surpass US$ 12.85 billion by 2032. This trajectory underscores the increasing demand for vial packaging solutions across pharmaceutical and healthcare sectors, driven by factors such as advancements in drug delivery systems and rising healthcare expenditures. The forecasted expansion highlights the pivotal role of vial boxes in ensuring the safety and integrity of medical products, shaping a promising outlook for the market.

The global vial box packaging market is geographically segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa, and Japan. Leading the charge, the North American vial box market is anticipated to take the forefront globally, with the USA spearheading the region and Canada poised for noteworthy growth.

Europe is expected to maintain its dominance in the vial box market in terms of both value and volume, driven by the rapid expansion of the pharmaceutical sector. Meanwhile, the Asia Pacific Excluding Japan region is closely tailing the global market, showcasing promising growth opportunities in emerging countries like China and India.

In the Middle East & Africa, as well as Latin America, substantial growth is projected for the vial box market over the forecast period. This surge can be attributed to increasing demand, particularly fueled by the pharmaceutical industry’s robust expansion in these regions.

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Market Drivers:

Increasing Demand for Pharmaceuticals: The pharmaceutical industry’s growth, driven by factors such as aging populations and increasing healthcare expenditure, directly fuels the demand for vial boxes used for packaging drugs.
Advancements in Biotechnology and Life Sciences: Technological advancements and innovations in biotechnology and life sciences lead to the development of new drugs and therapies, increasing the need for specialized vial packaging solutions.
Stringent Regulatory Standards: Regulatory bodies impose strict guidelines regarding the packaging and transportation of pharmaceutical products to ensure safety and efficacy. Compliance with these standards drives the demand for high-quality vial boxes that meet regulatory requirements.
Rise in Chronic Diseases: The increasing prevalence of chronic diseases worldwide necessitates long-term medication, thereby driving the demand for vial boxes for storing and transporting these medications securely.
Growing Demand for Customization: Pharmaceutical companies often require customized vial boxes to differentiate their products in the market and enhance brand visibility. This trend fuels demand for manufacturers capable of offering tailored packaging solutions.
Expansion of Healthcare Infrastructure: Growth in healthcare infrastructure, especially in emerging markets, creates opportunities for the vial box market as more facilities require packaging solutions for pharmaceutical products.

Market Restraints:

Cost Constraints: Vial boxes manufactured using high-quality materials and advanced technologies can be expensive, posing a challenge for small and medium-sized pharmaceutical companies with limited budgets.
Environmental Concerns: The packaging industry faces increasing scrutiny regarding its environmental impact. Vial boxes, often made from plastic or non-biodegradable materials, contribute to waste generation and pollution, prompting demand for eco-friendly alternatives.
Counterfeit Products: Counterfeiting of pharmaceutical products remains a significant concern, especially in regions with weak regulatory enforcement. This undermines trust in branded medications and affects the demand for vial boxes used for authentic products.
Supply Chain Disruptions: Disruptions in the global supply chain, whether due to natural disasters, geopolitical tensions, or pandemics (as seen with COVID-19), can lead to shortages of raw materials or delays in manufacturing and distribution, affecting the vial box market’s stability.
Competition from Alternative Packaging Solutions: Alternative packaging solutions, such as blister packs or ampoules, compete with vial boxes in certain applications. Manufacturers must innovate to demonstrate the superiority of vial boxes in terms of convenience, safety, and cost-effectiveness.
Slow Adoption of Automation: While automation can streamline production processes and enhance efficiency, its initial implementation costs and the need for skilled labor may deter some companies from investing in automated manufacturing systems for vial boxes.

Vial Box Market: Key Players

Few of the leading players operating in the global vial box market are –

Alpha Packaging
Acme Vial & Glass Company
Dongguan Yaolin Industrial Co., Ltd.
Xiamen Weihua Industry&Trade Co., Ltd.
Dongguan Caicheng Printing Factory

Recent Market Development:

Alpha Packaging has introduced its new series of aluminum and plastic vial boxes that come in PET Eco-line, enhancing the storage experience. This pushes the sales of vial boxes.
Acme Vial & Glass Company has completed its 80 years in the market and has launched its new series of perfume sampler, display, shell, and patent vial boxes, fueling the sales of vial boxes.

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Vial Box Market: Regional Outlook

On the basis of region, the global vial box packaging market is segmented as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan. The Europe vial box market is expected to remain top in terms of value and volume of the global vial box market. Rapid growth in the pharmaceutical industry is expected to drive the demand of the global vial box market. The Asia Pacific Excluding Japan (APEJ) is expected to closely follow the global vial box market.

Emerging countries such as China & India in Asia Pacific region is exhibiting lucrative growth opportunities of the global vial box market. The North America vial box market is expected to lead the global vial box market. U.S. is expected to lead the North America vial box market while Canada is expected to register notable growth of the global vial box market. In the Middle East & Africa (MEA) and Latin America region, the vial box market is projected to witness substantial growth over the forecast period.

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, macroeconomic 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.

Vial Box Market: Segmentations

The global vial box market has been segmented as follows –

On the basis of capacity, the market has been segmented as:

0.5 ml – 1 ml
1 ml – 2 ml
2 ml- 5 ml
Above 5 ml

On the basis of material type, the market has been segmented as:

Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Aluminum
Others

On the basis of end use, the market has been segmented as:

Hospitals & Clinics
Drug Manufacturers
Clinical / Forensic Laboratories
Healthcare Institutions
Others

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Report Highlights:

A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected size of the market regarding volume and value
Recent trends and developments in the market
Competition landscape in the market
Strategies for key players and products offered in the market
Potential and niche segments, geographical regions exhibiting promising growth in the market
A neutral perspective on performance of the global market
Must-have information for market players to sustain and enhance their market footprint

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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EPE (Expanded Polyethylene) Foam Packaging Market Opportunities: Industry worth US$ 2.1 Billion by 2033

As per the latest research by Future Market Insights, the global EPE (Expanded Polyethylene) foam packaging market is poised for significant growth. Projections indicate a compound annual growth rate (CAGR) of 4.1% during the forecast period, with the market value anticipated to rise from US$ 1.4 billion in 2023 to US$ 2.1 billion by 2033.

The EPE (Expanded Polyethylene) Foam Packaging Market is a key player in the dynamic and rapidly evolving packaging industry. EPE foam, known for its exceptional cushioning properties, lightweight nature, and versatility, has become a popular choice for packaging applications across various sectors. EPE foam packaging is widely utilized for the protection and safe transportation of fragile and sensitive goods, ranging from electronics to industrial components.

In particular, the global EPE foam packaging market is expected to be valued at US$ 1.4 billion in 2023. EPE foam packaging involves the utilization of expanded polyethylene foam as a protective packaging solution across various end-user applications. EPE foam is cherished for its lightweight, durability, and flexibility, which makes it a popular choice in the packaging industry. It excels in shock absorption, thermal insulation, and water resistance, enhancing its appeal in the packaging sector.

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The surging interest in eco-conscious and sustainable packaging solutions stands as a pivotal driving force behind the EPE (Expanded Polyethylene) foam packaging market. EPE foam is recognized for its recyclable and reusable properties, contributing to a reduction in the volume of waste produced by packaging materials. This eco-friendly characteristic positions EPE foam as an attractive choice for environmentally conscious consumers and businesses alike.

Growth Factors

The EPE (Expanded Polyethylene) foam packaging market is experiencing a surge in growth opportunities, with the construction industry being a notable sector of expansion. EPE foam is gaining prominence as an insulation material in construction applications, primarily attributed to its exceptional thermal and acoustic insulation properties.

The food and beverage industry is another major consumer of EPE foam packaging. With the escalating demand for packaged food and beverages, the EPE foam packaging market is poised for robust growth. The increasing prevalence of online food ordering and home delivery services has further propelled the demand for EPE foam packaging within this sector. As consumer preferences evolve and industries prioritize safety and efficiency, EPE foam packaging continues to play a pivotal role in catering to these diverse needs.

In addition to construction, EPE foam’s lightweight and shock-absorbing characteristics position it as the material of choice for packaging automotive parts during transportation. This application ensures the safe and secure transit of valuable auto components.

Market Demand

One of the primary drivers behind the escalating demand for insulation packaging is the surging necessity for temperature-controlled packaging solutions. Numerous goods, encompassing items like food, pharmaceuticals, and medical devices, mandate precise temperature conditions to uphold their quality and efficacy. Insulation packaging emerges as a pivotal solution to maintain these products at the requisite temperature during their transit and storage.

Insulation packaging is meticulously designed to shield products from the adverse effects of temperature fluctuations, moisture, and environmental factors that could compromise their quality and integrity.

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Key Players in the EPE Foam Packaging market

Mefron Technologies
Flexipack Group
Snehal Packaging Industry
Vento Foam Pvt. Ltd.
Foamtech
ESD Goods
Sinkery Foam
PAX Solutions
Leenol
Anu Industries
INTCO Recycling
Suzhou Hi-tech Zone Chuangfei Packaging Technology Co., Ltd.

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Market Segmentation

Product Type:

Inserts
Corner & Edge Protectors
Foam Sheets
Anti-Static ESD Foam
Food Disposables

Distribution Channel:

Manufacturers (Direct Sales)
Distributors
Brick & Mortar Stores
E-retail

End Use:

Packaging
- Food Service
  - Trays
  - Clamshells
  - Plates
  - Bowls
  - Cups
- Protective Packaging
  - Wrapping
  - Cushioning
  - Insulation
Building & Construction
Furniture
Sports & Recreation
Other Industrial

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 Farm Animal Pharmaceutical Industry Projected to Reach US$ 29.4 Billion by 2032: FMI

The global farm animal pharmaceutical industry is poised for substantial growth, with projections indicating a significant increase in market size by the end of the decade. According to recent forecasts, the global farm animal pharmaceutical industry is expected to reach a value of US$ 17.2 billion by the close of 2022, with a compound annual growth rate (CAGR) of 5.5% anticipated until 2032, when the market is estimated to be valued at US$ 29.4 billion.

This growth trajectory underscores the vital role of farm animal pharmaceuticals in ensuring the health and productivity of livestock animals worldwide. With livestock animals projected to account for approximately 92.4% of the market in 2021, the demand for effective pharmaceutical solutions to promote animal well-being and productivity is more crucial than ever.

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In many regions, particularly in low- and middle-income countries where animal husbandry serves as a significant industry, the health and productivity of farm animals are essential for food security and economic stability. According to the Health for Animals Organisation, over 1.3 billion people are engaged in livestock raising globally. This underscores the critical need to prevent and control animal diseases to achieve Sustainable Development Goals and foster societal advancement.

“The projected growth of the global farm animal pharmaceutical industry reflects the increasing recognition of the pivotal role that healthy and productive animals play in ensuring food security and economic prosperity,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “As we work towards sustainable agricultural practices and strive to meet global development objectives, investments in innovative pharmaceutical solutions for farm animals are imperative.”

Efforts to enhance animal health and productivity not only benefit farmers and agricultural economies but also contribute to broader societal well-being. By prioritizing preventive measures and effective pharmaceutical interventions, stakeholders can mitigate the impact of animal diseases, bolster food production, and promote sustainable agricultural practices.

As the global farm animal pharmaceutical industry continues to expand, stakeholders across the agricultural value chain are encouraged to collaborate on initiatives aimed at improving animal health, fostering innovation, and driving positive societal outcomes.

US Farm Animal Drugs Market:

The United States dominates the North American area, with a farm animal Drugs market share of approximately 56.5% in 2021. According to FMI, the country is anticipated to maintain its current growth rate during the forecast year. Rising prevalence of numerous animal diseases caused by increased globalisation, strong demand for meat exports from the United States, and antibiotic resistance in animals are expected to drive important stakeholders in the country to produce breakthrough farm animal medications.

Germany Farm Animal Drugs Market:

In 2021, Germany owned a 2.7% share of the worldwide farm animal medicines market. Stringent legislation restricting the use of antibiotics to increase farm animal productivity is one factor affecting antibiotic sales in the country. The majority of cattle production in Germany is highly industrialised and modernised, with increasing percentages of output employing various biosecurity measures and disease-threat reduction strategies. Regulations or consumer pressures have encouraged the country to adopt disease-reduction initiatives, which would boost the German farm animal medicine industry.

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Competitive Landscape:

Bayer AG
Boehringer Ingelheim GmbH
Zoetis, Inc.
Ceva Santé Animale
Dechra Pharmaceuticals PLC
Elanco Animal Health (Sub. Eli Lilly)
Merck Animal Health
Virbac SA
Vetoquinol SA
Intas Animal Health
Alembic Animal Health
Sequent Scientific
Hester Biosciences
Ashish Life Sciences

More Insights Available:

North America holds a significant share of the global animal drugs market due to the high prevalence of various animal diseases and increasing awareness about animal health among pet owners. Additionally, the presence of major animal health companies in the region is driving the growth of the market.

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Key Segments Covered in Farm Animal Drugs Market Analysis:

Product Type:

Anti-Infective
Parasiticides
- Endo-parasiticides
- Ecto-parasiticides
- Endectocides
Anti-inflammatory
Anesthetics
Analgesics
Hormones and related products
Others

Animal Type:

Livestock Animals
- Ruminants
- Swine
- Poultry
Equine

Route of Administration:

Oral
Parenteral
Topical
Others

Distribution Channel:

Veterinary Hospitals
Veterinary Clinics
Pharmacies and Drug Stores
Others

By Region:

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

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Industrial Display Market Poised for Stratospheric Expansion, Projections Show US$ 9.9 Billion Revenue by 2032

The global industrial display market size is forecast to increase from US$ 6.1 billion in 2022 to US$ 9.9 billion by 2032. Overall sales of industrial displays will increase at a CAGR of 4.9% from 2022 to 2032.

Demand is likely to remain high for industrial LCDs in the market. This is due to their various benefits including less power consumption. The LCD technology segment will register a CAGR of 4.7% through 2032.

The rising adoption of industrial displays in the manufacturing sector globally will drive the market. Similarly, new product launches will have a positive impact on market development.

An electronic display called an industrial display is one made specifically for use in industrial settings. Extreme temperatures, humidity, dust, and vibrations are a few of the challenging conditions that these displays are able to withstand.

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Industrial displays are frequently used in manufacturing facilities, distribution centers, and other industrial settings to show visual feedback on the status of equipment, systems, and processes.

Industrial displays can be used for monitoring and managing processes, showing production data, and giving technicians and operators up-to-date information. Widening applications of industrial displays across industries such as automotive, BFSI, healthcare, and defense will boost sales.

High adoption of automation is another key factor that will propel industrial display demand. Industrial displays are essential for enabling automation because they offer real-time data & control.

Further, burgeoning demand for human-machine interface devices will support expansion of the global industrial display market.

Key Takeaways from the Industrial Display Market Report:

Global industrial display sales will increase at 4.9% CAGR during the forecast period.
By type, panel-mount monitors segment will expand at 4.8% CAGR through 2032.
Based on technology, LCD segment is set to thrive at 4.7% CAGR between 2022 and 2032.
The United States industrial display market will cross US$ 2.9 billion mark by 2032.
Industrial display demand in Japan is poised to surge at 4.4% CAGR through 2032.
The United Kingdom industrial display market size will reach US$ 496.3 million by 2032.
Demand for industrial displays across China is set to thrive at 5.9% CAGR through 2032.

Leading Key Players:

LG Display Co., Ltd.
Samsung Electronics Co., Ltd.
AU Optronics Corp.
Innolux Corp.
Japan Display Inc.
Sharp Corp.
BOE Technology Group Co.
Hannstar Display Corp.
TCL Display Technology Holdings Limited
Universal Display Corp.
E Ink Holdings Inc.
Panasonic Corp, Planar Systems
NEC, Advanced Co.Ltd
Hope Industrial System Inc.
Advantech
iTG

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Industrial Display Market Segmentation:

By Type:

Rugged Displays
Open Frame Monitors
Panel-Mount Monitors
Marine Displays
Video Walls

By Technology:

LCD
LED
OLED
E-Paper Display

By End User:

Automotive and Aerospace
Healthcare
Transportation
Retail
BFSI
Government and Defence
Industrial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Nandini Singh Sawlani

Global Oral Controlled Release Drug Delivery Technology Industry to climb to an impressive US$ 68.4 Billion by 2032 | FMI

The global oral controlled release drug delivery technology industry is projected to witness a significant surge, growing from US$ 34.1 billion in 2022 to a staggering US$ 68.4 billion by 2032, according to a recent market analysis. This remarkable expansion translates to a robust 7.2% compound annual growth rate (CAGR) over the forecast period.

The driving force behind this projected growth is the rising prevalence of chronic diseases, coupled with the growing preference for oral drug delivery due to its numerous advantages. Compared to other administration methods, oral delivery offers convenience, cost-effectiveness, and improved patient compliance.

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Solid Dosage Forms Dominate Market Share:

The report further highlights that the solid dosage forms segment is anticipated to dominate the market, accounting for an estimated 87% share throughout the forecast period. This segment’s dominance can be attributed to the versatility and ease of manufacturing of solid dosage forms, making them a preferred choice for both pharmaceutical companies and patients.

Controlled Release: A Revolution in Drug Delivery

Oral controlled release drug delivery systems are designed to deliver medication in a controlled and predictable manner over an extended period or at a specific location within the gastrointestinal tract. This innovative technology offers several benefits, including:

Improved efficacy: Controlled release ensures consistent drug levels in the bloodstream, leading to better therapeutic outcomes.
Reduced dosing frequency: Patients require fewer doses, enhancing adherence and convenience.
Minimized side effects: Controlled release minimizes fluctuations in drug concentration, reducing the risk of adverse reactions.

Market Outlook: Potential and Opportunities

The burgeoning oral controlled release drug delivery technology market presents exciting opportunities for pharmaceutical companies, research institutions, and investors. Continuous advancements in technology and the development of novel drug delivery systems are expected to further fuel market growth. Additionally, the increasing focus on personalized medicine and targeted therapies is likely to create further demand for specialized controlled release solutions.

In conclusion, the oral controlled release drug delivery technology market is poised for remarkable growth, driven by the rising burden of chronic diseases and the inherent benefits of oral drug delivery. With solid dosage forms leading the charge and advancements in technology paving the way, this market holds immense potential for stakeholders across the healthcare spectrum.

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Dissolution-Controlled Release System to Remain Sought-After among Drug Release Technologies in the Market:

By drug release technology, dissolution-controlled release system will remain sought-after in the market, followed by diffusion-controlled release system. Majority of generic formulations available are in tablet dosage form and follow dissolution-controlled release mechanism. Revenues from sales of dissolution-controlled release system will surpass US$ 10,000 Million in 2017. Demand for hydrodynamically-balanced drug delivery system will remain sluggish in the market.

Solid dosage forms of oral controlled release drug delivery technology are expected to remain dominant in the market, expanding at a high single-digit CAGR through 2027. Sales of semisolid/liquid/suspensions dosage form segment will register a comparatively lower CAGR than that of solid dosage forms in the market through 2027.

Key Market Players Identified in FMI’s Report Include:

AstraZeneca Plc.
Bristol-Myers Squibb Company
Sun Pharmaceuticals Industries Ltd
Abbott Laboratories
Merck & Co. Inc.
Novartis AG
Pfizer Inc.
Mylan N.V.
Sanofi
F. Hoffman-La-Roche Ltd.
Johnson & Johnson Services, Inc.
Vectura Group plc.
GlaxoSmithKline plc.

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Market Taxonomy:

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

By Drug Release System

Diffusion Controlled Release System
Dissolution Controlled Release System
Osmotically Controlled Release System
Dissolution & Diffusion Controlled Release System
Ion Exchange Resins Controlled Release
Hydro-dynamically Balanced Drug Delivery System
Others

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GNSS IC Market Poised for Impressive Expansion, Envisioned to Reach US$ 645.0 Million by 2032

The global revenues from GNSS IC market would be worth US$ 645.0 million by 2032. From 2022 to 2032, it is projected to increase steadily at a CAGR of 6.0%. In 2022, the global market was valued at more than US$ 361.0 million.

Today, a specific multinational group of satellites transmit signals from orbit and provide location and timing data to GNSS receivers. This is known as the Global Navigation Satellite System (GNSS).

These receivers then integrate this data with information from a variety of sensors to calculate other parameters such as location, speed, and altitude.

Such processors heavily rely on visible-range satellites for their accuracy and precision. Numerous countries are prepared to deploy regional constellations in order to enhance navigation and mapping.

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Only five countries, though, have their own GNSS systems commercially available. This includes Japan, India, the USA, Russia, and China, as well as the European Union. Users of GNSS are used to position sharing rates that are almost immediate. This is sometimes impossible with standard placement since it requires locating and collecting data on at least four celestial bodies.

In hostile environments or with weak signals, data transmission and reception might take seconds, days, or maybe not work at all. Efficiency can be improved by combining information from GNSS receivers and wireless network cells, which is advantageous for several internet of things (IoT) applications.

For instance, in January 2021, U-Blox released the ALEX-R5 module. GNSS and low-power wide-area (LPWA) cellular connectivity are combined in this system-in-package. For healthcare applications, the U-Blox M8 GNSS chip delivers adequate precision location. The company’s UBX – R5 LTE – M/NB-IoT chipset provides secure cloud functionality.

The number of consumer goods with location and navigational capabilities has increased dramatically. A sizable demand for low-power components such as GNSS processors is thus envisaged.

Presently, around 50% of individuals on the planet utilize technologically advanced wearables such as smartwatches and fitness bands. These gadgets have various GNSS chips so that the user can receive precise location information when walking, running, or driving. This allows them to stay in touch with their loved ones.

Key Takeaways from GNSS IC Market Study

The global GNSS IC industry showcased a steady CAGR of 6.9% in the historical period from 2017 to 2021.
The USA GNSS IC market is expected to be worth US$ 101.8 million by 2032.
Demand for GNSS IC in China exhibited considerable growth at a CAGR of 9.0% from 2017 to 2021.
Japan GNSS IC industry is predicted to cross a valuation of around US$ 99.3 million by 2032.
Standard precision GNSS chips by chip type are expected to surge to around 5.9% CAGR from 2022 to 2032.

Competitive Landscape:

GNSS IC providers are constantly working on developing new and advanced technologies to improve the accuracy and reliability of their products. For instance, a few providers are working on integrating multiple GNSS constellations to improve accuracy and reduce signal interference.

A few other NSS IC providers are collaborating with local industry players such as automotive and mobile device manufacturers, to integrate their technology into these products. This helps to expand their market reach and increase demand for their products.

For example,

In August 2022, MediaTek, a Taiwanese semiconductor company, announced the launch of its Helio G96 and Helio G88 mobile processors, both of which feature integrated GNSS receivers for improved location tracking capabilities.
In February 2022, STMicroelectronics announced the release of its latest GNSS module, the Teseo-V. The module is designed to provide high positioning accuracy and low power consumption for IoT and wearable applications.

Leading Key Players:

Qualcomm
Broadcom
MediaTek
U-Blox
STM
Intel Corporation
Furuno Electric
Quectel Wireless Solutions
Epson
SkyTraq Technology, Inc.

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Get More Exclusive Insights:

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the GNSS IC industry, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the GNSS IC industry in terms of chip type (high precision GNSS chips, standard precision GNSS chips), application (smartphones, tablets, personal navigation devices, in-vehicle systems, wearable devices, digital cameras), and region.

GNSS IC Market Segmentation:

By Chip Type:

High Precision GNSS Chips
Standard Precision GNSS Chips

By Application:

Smartphones
Tablets
Personal Navigation Devices
In-Vehicle Systems
Wearable Devices
Digital Cameras

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Nutraceuticals Market In-depth Insights, Revenue Details, Regional Analysis

The global nutraceuticals market value is likely to jump from US$ 418,080 million in 2023 to US$ 703,122.075 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 5.3% in nutraceutical sales over the next decade.

The nutraceutical sales are set to keep growing. People like them because they are easy to store, can do many good things at once, and people are learning more about them. The popularity of nutraceutical products is going up fast. People are learning more about how nutraceuticals and their supplements can be good for their health. They help with health problems like obesity, heart disease, cancer, high cholesterol, arthritis, and diabetes.

People also like personalized nutrition, where they get food tailored to their needs. This is especially popular among people with stomach problems that regular medicine cannot fix. Many people want multivitamins and single vitamins from these products all over the world. Similarly, many athletes around the world are joining sports at the national and international levels. This is leading more people to opt for functional beverages.

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More people are living in cities, spending money on health stuff, and dealing with heart, chronic, and obesity problems. This is why the nutraceuticals market is growing rapidly. Functional foods have omega fatty acids that help individuals keep a healthy weight and improve blood circulation.

Many people have become aware of herbal products and natural foods lately. They prefer these over foods with chemicals. This trend is especially strong in North America and Europe. In these two regions, people are willing to spend more on natural products.

There are also new types of nutraceuticals like gummies, jellies, and soft gels coming into the market. Preference for these variants is growing because they come in various shapes, sizes, flavors, and strengths. Kids are also getting into these kinds of nutraceuticals, which is making the market develop.

New technology in the nutraceutical industry is making people want these products more. They are utilizing contemporary technologies like AI to give people personalized advice based on their diet and health. Consequently, AI is going to be really important for the nutraceutical industry to grow all around the world during the forecast period.

Key Takeaways from the Nutraceuticals Market:

In 2022, the United States asserted its dominance in the nutraceuticals industry, boasting a commanding 23.4% global market share, underpinned by its robust research and development capabilities.
The nutraceuticals industry in the United Kingdom is poised for substantial growth, with a projected CAGR of 7.8% through 2033, driven by increasing consumer awareness of health and wellness.
Japan’s 2.4% share of the nutraceuticals industry in 2022 was bolstered by its reputation for producing high-quality and innovative health and wellness products.
India’s rapid development in the nutraceuticals industry, with a CAGR of 4.4% over the forecast period, is driven by a growing trend towards natural and organic products.
Germany’s significant 12.9% share of the global nutraceuticals industry in 2022 can be attributed to its reputation for high-quality manufacturing standards
China’s anticipated rise in the nutraceuticals industry, with a projected CAGR of 6.5% over the forecast period, is propelled by a surge in demand for dietary supplements.

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Key Players and Strategies for Success in the Nutraceuticals Market

In recent years, the nutraceuticals industry has emerged as a dynamic and rapidly expanding sector within the global market. In this dynamic landscape, key players employ multiple strategies to meet the evolving needs of consumers and establish their foothold in an increasingly competitive market. Here are key points about key players and strategies for success in the nutraceuticals market:

Invest in research to develop innovative and effective nutraceutical products.
Create strong branding and marketing campaigns to stand out in a competitive market.
Stay up-to-date with regulations and ensure products meet compliance standards.
Collaborate with healthcare professionals, fitness influencers, or retail chains to expand distribution.
Stay adaptable to changing consumer preferences and health trends in the market.

Recent Developments the Nutraceuticals Market

In June 2022, Kellogg’s Special K introduced new Protein Snack Bars. These bars have 6 grams of protein and only 90 calories. They come in sweet berry vanilla and rich chocolaty brownie sundae flavors.

In April 2021, Nestlé NIDO 3+ unveiled a better recipe designed specifically for kids aged three to five. This new and improved recipe has just the right amount of Vitamin A, Zinc, and Iron, the nutrients young children need.

Key Companies Profiled in the Nutraceuticals Market

General Mills Inc.
The Natures Bounty Co. (NBTY)
Amway Enterprises
Herbalife International, Inc.
Royal DSM NV
Pepsi Co.
Yakult Honsha Co., Ltd.
Groupe Danone
Bayer AG
BASF SE
Abbott Laboratories
Chobani LLC

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Nutraceuticals Market by Category

By Product Type:

Functional Foods
- Probiotics fortified foods
- Omega fatty acid fortified foods
- Branded Iodized salt
- Branded Flours
Functional Beverages
- Energy Drinks
- Sports Drinks
- Fortified Juices
- Fortified Dairy Beverages
- Others Functional Beverages
Dietary Supplements
- Protein Supplements
- Vitamins and Minerals
- Herbal Supplements
- Other Dietary Supplements

By Form:

Soft-Gels
Capsules
Liquids
Tablets
Powder & Granules

By Sales Channel:

On Direct Sales/B2B
Indirect Sales/B2C
- Health & Beauty Store
- Pharmacies/Drugstores
- Modern Trade Channel
- Online Retailing

By Region:

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

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